Document:

THIS WARRANT AND THE SHARES ISSUABLE
UPON THE EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. EXCEPT AS OTHERWISE SET
FORTH HEREIN OR IN A SECURITIES PURCHASE AGREEMENT DATED AS OF May 15th, 2016, NEITHER THIS WARRANT NOR ANY OF SUCH SHARES MAY
BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR SUCH SECURITIES UNDER SAID ACT OR, AN
OPINION OF COUNSEL, IN FORM, SUBSTANCE AND SCOPE, CUSTOMARY FOR OPINIONS OF COUNSEL IN COMPARABLE TRANSACTIONS, THAT REGISTRATION
IS NOT REQUIRED UNDER SUCH ACT OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SUCH ACT. ANY SUCH SALE, ASSIGNMENT OR TRANSFER MUST ALSO
COMPLY WITH APPLICABLE STATE SECURITIES LAWS.

 

Right to Purchase 50,000,000 Shares of Common Stock, par
value $0.001 per share

 

STOCK PURCHASE WARRANT AGREEMENT

 

THIS CERTIFIES THAT,
for value received, Rxmm Health Pty Ltd. or its registered assigns, is entitled to purchase from Players Network, Inc. a Nevada
corporation (the “Company”), at any time or from time to time during the period specified in Paragraph 2 hereof, Fifty
Million (50,000,000) Common Shares to be vested as outlined in the Definitive Funding Agreement dated August 15th, 2016, between
Players Network and Rxmm Health. After each tranche is vested the warrant become fully paid and exercisable for the purchase of
non-assessable shares of the Company’s Common Stock, par value $0.001 per share (the “Common Stock”), and the warrants
will be deemed earned and available to exercise at a price as outlined in Exhibit A Strike Price and Warrant Schedule (the “Exercise
Price”). The term “Warrant Shares,” as used herein, refers to the shares of Common Stock purchasable hereunder.
The Warrant Shares and the Exercise Price are subject to adjustment as provided in Paragraph 4 hereof. The term Warrants means
this Warrant and any other warrants that may be issued pursuant to that certain Definitive Funding Agreement dated August 15th,
2016, by and among the Company and the Buyers listed on the execution page thereof (the “Definitive Funding Agreement”).

 

This Warrant is subject to the following terms, provisions,
and conditions:

 

1. MANNER OF EXERCISE;
ISSUANCE OF CERTIFICATES; PAYMENT FOR SHARES. Subject to the provisions hereof, the holder may exercise this Warrant Hereof, in
whole or in part, by the surrender of this Warrant, together with a Completed exercise agreement in the form attached hereto (the
“Exercise Agreement”), to the Company during normal business hours on any business day at The Company’s principal executive
offices (or such other office or agency of the Company as it may designate by notice to the holder hereof), and upon (i) Payment
to the Company in cash, by against the forgiveness of the convertible Debenture by certified or official bank check or by wire
or a combination of the two that will transfer for the account of the Company of the Exercise Price for the Warrant Shares specified
in the Exercise Agreement or (ii) if the resale of the Warrant Shares by the holder is not then registered pursuant to an effective
Registration statement under the Securities Act of 1933, as amended (the “Securities Act”), delivery to the Company of
a written notice of an election to Effect a “Cashless Exercise” (as’ defined in Section 11 (c) below) for the Warrant
Shares specified in the Exercise Agreement-. The Warrant Shares so Purchased shall be deemed to be issued to the holder hereof
or such holder’s designee, as the record owner of such shares, as of the close of business on the date on which this Warrant shall
have been surrendered, the completed Exercise Agreement shall have been delivered, and payment shall have been made for such shares
as set forth above. Certificates for the Warrant Shares so purchased, representing the aggregate number of shares specified in
the Exercise Agreement, shall be delivered to the holder hereof within a reasonable time, not exceeding three (3) business days,
after this Warrant shall have been so exercised. The certificates so delivered shall be in such denominations as may be requested
by the holder hereof and shall be registered in the name of such holder or such such holder shall designate other name as. If this
warrant shall have been exercised only in part, then, unless this Warrant has expired, the Company shall, at its expense, at the
time of delivery of such certificates, deliver to the holder a new Warrant representing the number of shares with respect to which
this Warrant shall not then have been exercised.

 

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Notwithstanding
anything in this Warrant to the contrary, in no event shall The Holder of this Warrant is entitled to exercise a number of Warrants
(or portions thereof) in excess of the number of Warrants (or portions thereof) upon exercise of which the sum of (i) the number
of shares of Common Stock beneficially owned by the Holder and its affiliates (other than shares of Common Stock which may be deemed
beneficially owned through the ownership of the unexercised Warrants and the unexercised or unconverted portion of any other securities
of the Company (including the Debentures (as defined in the Definitive Funding Agreement subject to a limitation on conversion
or exercise analogous to the limitation contained herein) and (ii) the number of shares of Common Stock issuable upon exercise
of the Warrants (or portions thereof) with respect to which the determination described herein is being made, would result in beneficial
ownership by the Holder and its affiliates of more than 4.9% of the outstanding shares of Common Stock. For purposes of the immediately
preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of
1934, as amended, and Regulation 13D-G thereunder, except as otherwise provided in clause (i) hereof.

 

2. Period of Exercise. This Warrant
is exercisable at any time from the time after the date on which this Warrant is issued and delivered pursuant to the terms of
the Securities Purchase Agreement (the “Issue Date”) and before 5:00 p.m., New York City time on the second (2’) anniversary
of the Issue Date(the “Exercise Period”).

 

(a) CALLABLE FEATURE. Anytime during
the warrant exercising period if the price of the market reaches or exceeds the strike price of the warrant by 200% for a period
of 30 days, the company can demand the exercise of the outstanding warrant and converted to stock based on the attached Schedule
A, Strike Price and Warrant Schedule.

 

3. CERTAIN AGREEMENTS OF THE COMPANY.
The Company hereby covenants and agrees as follows:

 

(a) SHARES TO BE
FULLYPAID. All Warrant Shares will, upon issuance in accordance with the terms of this Warrant, be validly issued, fully paid,
and nonassessable and free from all taxes, liens, and charges with respect to the issue thereof.

 

(b) RESERVATION OF SHARES. During the
Exercise Period, the Company shall at all times have authorized, and reserved for the purpose of issuance upon exercise of this
Warrant, a sufficient number of shares of Common Stock to provide for the full exercise of this Warrant.

 

(c) LISTING The Company shall as soon
as practicable secure the listing of the shares of Common Stock issuable upon exercise of the Warrant upon a national or international
securities exchange or automated quotation system, if any, upon which shares of Common Stock are then listed (subject to official
notice of issuance upon exercise of this Warrant) and shall maintain, so long as any other shares of Common Stock shall be so listed,
such listing of all shares of Common Stock from time to time issuable upon the exercise of this Warrant; and the Company shall
so list on a national or international securities exchange or automated quotation system, as the case may be, and shall maintain
such listing of, any other shares of capital stock of the Company issuable upon the exercise of this Warrant if and so long as
any shares of the same class shall be listed on such national or international securities exchange or automated quotation system.

 

(d) CERTAIN ACTIONS PROHIBITED. The
Company will not, by amendment of its charter or through any reorganization, transfer of assets, consolidation, merger, dissolution,
issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the
terms to be observed or performed by it hereunder, but will at all times in good faith assist in the carrying out of all the provisions
of this Warrant and in the taking of all such action as may reasonably be requested by the holder of this Warrant in order to protect
the exercise privilege of the holder of this Warrant against dilution or other impairment, consistent with the tenor and purpose
of this Warrant. Without limiting the generality of the foregoing, the Company (i) will not increase the par value of any shares
of Common Stock receivable upon the exercise of this Warrant above the Exercise Price then in effect, and (ii) will take all such
actions as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and non-assessable
shares of Common Stock upon the exercise of this Warrant.

 

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(e) SUCCESSORS AND ASSIGNS. This Warrant
will be binding upon any entity succeeding to the Company by merger, consolidation, or acquisition of all Or substantially all
the Company’s assets.

 

4. ANTIDILUTION PROVISIONS. During the
Exercise Period, the Exercise Price and the number of Warrant Shares shall be subject to adjustment from time to time as provided
in this Paragraph 4. In the event that any adjustment of the Exercise Price as required herein results in a fraction of a cent,
such Exercise Price shall be rounded up to the nearest cent.

 

(a) ADJUSTMENT OF
EXERCISE PRICE AND NUMBER OF SHARES UPON ISSUANCE OF COMMON STOCK. Except as otherwise provided in Paragraphs 4(c) and 4(e) hereof,
if and whenever on or after the Issue Date, the Company issues or sells, or in accordance with Paragraph 4(b) hereof is deemed
to have issued or sold, Any shares of Common Stock for no consideration or for a consideration per share (before deduction of reasonable
expenses or commissions or underwriting discounts or allowances in connection therewith) less than 20% below the Market Price (as
herein after defined) on the date of issuance (or deemed issuance) of such Common Stock (a “Dilutive Issuance”), then
immediately upon the Dilutive Issuance, the Exercise Price will be reduced to a price determined by multiplying the Exercise Price
in effect immediately prior to the Dilutive Issuance by a fraction, (i) the numerator of which is an amount equal to the sum of
(x) the number of shares of Common Stock actually outstanding immediately prior to the Dilutive Issuance, plus (y) the quotient
of the aggregate consideration, calculated as set forth in Paragraph 4(b) hereof, received by the Company upon such Dilutive Issuance
divided by the Market Price in effect immediately prior to the Dilutive Issuance

 

(b) EFFECT ON EXERCISE PRICE OF CERTAIN
EVENTS. For purposes of Determining the adjusted Exercise Price under Paragraph 4(a) hereof, the following will be applicable:

 

(I) ISSUANCE OF
RIGHTS OR OPTIONS. If the Company in any manner issues or grants any warrants, rights or options, whether or not immediately exercisable,
to subscribe for or to purchase Common Stock or other securities Convertible into or exchangeable for Common Stock (“Convertible
Securities”) (Such warrants, rights and options to purchase Common Stock or Convertible Securities are hereinafter referred
to as “Options”) and the price per share for which Common Stock is issuable upon the exercise of such Options is less
than 20% of the Market Price on the date of issuance or grant of such Options, then the maximum total number of shares of Common
Stock issuable upon the exercise of all such Options will, as of the date of the issuance or grant of such Options, be deemed to
be outstanding and to have been issued and sold by the Company for such price per share. For purposes of the preceding sentence,
the “price per share for which Common Stock is issuable upon the exercise of such Options” is determined by dividing
(i) the total amount, if any, received or receivable by the Company as consideration for the issuance or granting of all such Options,
plus the minimum aggregate amount of additional consideration, if any, payable to the Company upon the exercise of all such Options,
plus, in the case of Convertible Securities issuable upon the exercise of such Options, the minimum aggregate amount of additional
consideration payable upon the conversion or exchange thereof at the time such Convertible Securities first become convertible
or exchangeable, by (ii) the Maximum total number of shares of Common Stock issuable upon the exercise of all such Options (assuming
full conversion of Convertible Securities, if applicable). No further adjustment to the Exercise Price will be made upon the actual
issuance of such Common Stock upon the exercise of such Options or upon the conversion or exchange of Convertible Securities issuable
upon exercise of such Options.

 

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(ii) ISSUANCE OF CONVERTIBLE SECURITIES.
If the Company in any Manner issues or sells any Convertible Securities, whether or not immediately Convertible (other than where
the same are issuable upon the exercise of Options) and the price per share for which Common Stock is issuable upon such Conversion
or exchange is less than 20% below the Market Price on the date of issuance of Such Convertible Securities, then the maximum total
number of shares of Common Stock issuable upon the conversion or exchange of all such Convertible Securities will, as of the date
of the issuance of such Convertible Securities, be deemed to be outstanding and to have been issued and sold by the Company for
such price per share. For the purposes of the preceding sentence, the “price per share for which Common Stock is issuable
upon such conversion or exchange” determined by dividing (i) the total amount, if any, received or receivable by the Company
as consideration for the issuance or sale of all such Convertible Securities, plus the minimum aggregate amount of additional consideration,
if any, payable to the Company upon the conversion or exchange thereof at the time such Convertible Securities first become convertible
or exchangeable, by (ii) the maximum total number of shares of Common Stock issuable upon the conversion or exchange of all such
Convertible Securities. No further adjustment to the Exercise Price will be made upon the actual issuance of such Common Stock
upon conversion or exchange of such Convertible Securities.

 

(iii) CHANGE IN OPTION PRICE OR CONVERSION
RATE. If there is a Change at any time in (I) the amount of additional consideration payable to the Company upon the exercise of
any Options; (ii) the amount of additional consideration, if any, payable to the Company upon the conversion or exchange of any
Convertible Securities; or (iii) the rate at which any Convertible Securities are convertible into or exchangeable for Common Stock
(other than under or by reason of provisions designed to protect against dilution), the Exercise Price in effect at the time of
such change will be readjusted to the Exercise Price which would have been in effect at such time had such Options or Convertible
Securities still outstanding provided for such changed additional consideration or changed conversion rate, as the case may be,
at the time initially granted, issued or sold.

 

(v) CALCULATION OF CONSIDERATION RECEIVED.
If any Common Stock, Options or Convertible Securities are issued, granted or sold for cash, the consideration received therefor
for purposes of this Warrant will be the amount Received by the Company therefor, before deduction of reasonable commissions, Underwriting
discounts or allowances or other reasonable expenses paid or Incurred by the Company in connection with such issuance, grant or
sale. In case Any Common Stock, Options or Convertible Securities are issued or sold for a Consideration part or all of which shall
be other than cash, the amount of the Consideration other than cash received by the Company will be the fair value of Such consideration,
except where such consideration consists of securities, in Which case the amount of consideration received by the Company will
be the Market Price thereof as of the date of receipt. In case any Common Stock, Options or Convertible Securities are issued in
connection with any acquisition, Merger or consolidation in which the Company is the surviving corporation, the Amount of consideration
therefor will be deemed to be the fair value of such Portion of the net assets and business of the non-surviving corporation as
is Attributable to such Common Stock, Options or Convertible -Securities, as the Case may be. The fair value of any consideration
other than cash or securities Will be determined in good faith by the Board of Directors of the Company.

 

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(vi) EXCEPTIONS-TO ADJUSTMENT OF EXERCISE
PRICE. No adjustment to the Exercise Price will be made (I) upon the exercise of any warrants, options Or convertible -securities
granted, issued and outstanding on the date of issuance of this Warrant; (ii) upon the grant or exercise of any stock or options
which may hereafter be granted or exercised under any employee benefit plan of the Company now existing or to be implemented in
the future, so long as the issuance of such stock or options is approved by a majority of the independent members of the Board
of Directors of the Company or a majority of the members of a committee of independent directors established for such purpose;
(iii) upon the exercise of the Warrants; or (iv) upon the issuance of shares of Common Stock in connection with the Company’s acquisitions.

 

(c) SUBDIVISION OR COMBINATION OF COMMON
STOCK. If the Company at any time subdivides (by any stock split, stock dividend, recapitalization, Reorganization, reclassification
or otherwise) the shares of Common Stock Acquirable hereunder into a greater number of shares, then, after the date of Record for
effecting such subdivision, the Exercise Price in effect immediately Prior to such subdivision will be proportionately reduced.
If the Company at any Time combines (by reverse stock split, recapitalization, reorganization, Reclassification or otherwise) the
shares of Common Stock acquirable hereunder Into a smaller number of shares, then, after the date of record for effecting Such
combination, the Exercise Price in effect immediately prior to such Combination will be proportionately increased.

 

(d) ADJUSTMENT IN
NUMBER OF SHARES. Upon each adjustment of the Exercise Price pursuant to the provisions of this Paragraph 4, the number of shares
of Common Stock issuable upon exercise of this Warrant shall be adjusted by multiplying a number equal to the Exercise Price in
effect immediately prior to such adjustment by the number of shares of Common Stock issuable upon exercise of this Warrant immediately
prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.

 

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(e) CONSOLIDATION,
MERGER OR SALE. In case of any consolidation of any sale or conveyance of all or substantially all of the assets of the Company
other than in connection with a plan of complete liquidation of the Company, then as a condition of such consolidation, merger
or sale or conveyance, adequate provision will be made whereby the holder of this Warrant will have the right to acquire and receive
upon exercise of this Warrant in lieu of the shares of Common Stock immediately theretofore acquirable upon the exercise of this
Warrant, such shares of stock, securities or assets as may be issued or payable with respect to or in exchange for the number of
shares of Common Stock immediately theretofore acquirable and receivable upon exercise of this Warrant had such consolidation,
merger or sale or conveyance not taken place. In any such case, the Company will make appropriate provision to insure that the
provisions of this Paragraph 4 hereof will thereafter be applicable as nearly as may be in relation to any shards of stock or securities
thereafter deliverable upon the exercise of this warrant. The Company will not effect any consolidation, merger or sale or conveyance
unless prior to the consummation thereof, the successor corporation (if other than the Company) assumes by written instrument the
obligations under this Paragraph 4 and the obligations to deliver to the holder of this Warrant such shares of stock, securities
or assets as, in accordance with the foregoing provisions, the holder may be entitled to acquire.

 

(f) DISTRIBUTION
OF ASSETS. In case the Company shall declare or make any distribution of its assets (including cash) to holders of Common Stock
as a partial liquidating dividend, by way of return of capital or otherwise, then, after the date of record for determining stockholders
entitled to such distribution, but prior to the date of distribution, the holder of this Warrant shall be entitled upon exercise
of this Warrant for the purchase of any or all of the shares of Common Stock subject hereto, to receive the amount of such assets
which would have been payable to the holder had such holder been the holder of such shares of Common Stock on the record date for
the determination of stockholders entitled to such distribution.

 

(g) NOTICE OF ADJUSTMENT.
Upon the occurrence of any event which Requires any adjustment of the Exercise Price, then, and in each such case, the Company
shall give notice thereof to the holder of this Warrant, which notice shall state the Exercise Price resulting from such adjustment
and the increase or decrease in the number of Warrant Shares purchasable at such price upon exercise, setting forth in reasonable
detail the method of calculation and the facts upon which such calculation is based. The chief financial officer of the Company
shall certify such calculation.

 

(h) MINIMUM ADJUSTMENT
OF EXERCISE PRICE. No adjustment of the Exercise Price shall be made in an amount of less than I% of the Exercise Price in effect
at the time such adjustment is otherwise required to be made, but any such lesser adjustment shall be carried forward and shall
be made at the time and together with the next subsequent adjustment which, together with any adjustments so carried forward, shall
amount to not less than 1% of such Exercise Price.

 

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OTHER NOTICES. In case at any time:

 

(I) The Company shall declare any dividend
upon the Common Stock payable in shares of stock of any class or make any other distribution (including dividends or distributions
payable in cash out of retained earnings) to the holders of the Common Stock;

 

(ii) The Company
shall offer for subscription pro rata to the holders of the Common Stock any additional shares of stock of any class or other rights;

 

(iii) There shall be any capital reorganization
of the Company, or reclassification of the Common Stock, or consolidation or merger of the Company with or into, or sale of all
or substantially all its assets to, another corporation or entity; or

 

(iv) There shall
be a voluntary or involuntary dissolution, liquidation or winding-up of the Company; then, in each such case, the Company shall
give to the holder of this Warrant (a) notice of the date on which the books of the Company shall close or a record shall be taken
for determining the holders of Common Stock entitled to receive any such dividend, distribution, or subscription rights or for
determining the holders of Common Stock entitled to vote in respect of any such reorganization, reclassification, consolidation,
merger, sale, dissolution, liquidation or winding up and (b) in the case of any such reorganization, reclassification, consolidation,
merger, sale, dissolution, liquidation or winding-up, notice of the date (or, if not then known, a reasonable approximation thereof
by the Company) when the same shall take place. Such notice shall also specify the date on which the holders of Common Stock shall
be entitled to receive such dividend, distribution, or subscription rights or to exchange their Common Stock for stock or other
securities or property deliverable upon such reorganization, reclassification, consolidation, merger, sale, dissolution, liquidation,
or winding-up, as the case may be. Such notice shall be given at least 30 days prior to the record date or the date on which the
Company’s books are closed in respect thereto. Failure to give any such notice or any defect therein shall not affect the validity
of the proceedings referred to in clauses (I), (ii), (iii) and (iv) above.

 

(k) Certain Events.
If any event occurs of the type contemplated by the adjustment provisions of this Paragraph 4 but not expressly provided for by
such provisions, the Company will give notice of such event as provided in Paragraph 4(g) hereof, and the Company’s Board
of Directors will make an appropriate adjustment in the Exercise Price and the number of shares of Common Stock acquirable upon
exercise of this Warrant so that the rights of the Holder shall be neither enhanced nor diminished by such event.

 

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(1) CERTAIN DEFINITIONS.

 

(I) “COMMON STOCK DEEMED OUTSTANDING”
shall mean the number of Shares of Common Stock actually outstanding (not including shares of Common Stock held in the treasury
of the Company), plus (x) pursuant to Paragraph 4(b) (I) hereof, the maximum total number of shares of Common Stock issuable upon
The exercise of Options, as of the date of such issuance or grant of such Options, if any, and (y) pursuant to Paragraph 4(b)(ii)
hereof, the maximum Total number of shares of Common Stock issuable upon conversion or exchange of Convertible Securities, as of
the date of issuance of such Convertible Securities, if any.

 

(ii) “MARKET PRICE,” as of any date, (I) mean the average
of the last reported sale prices for the shares of Common Stock on the OTC Markets (the “OTC “) for the five (5) trading
days immediately preceding such date as reported by I Bloomberg, L.P. (“Bloomberg”), or (ii) if the OTC is not the principal
trading market for the shares of Common Stock, the average of the last reported sale prices on the principal trading market for
the Common Stock during the same period as reported by Bloomberg, or (iii) if market value cannot be calculated as of such date
on any of the foregoing bases, the Market Price shall be the fair market value as reasonably determined in good faith by (a) the
Board of Directors of the Corporation or, at the option of a majority-in-interest of the holders of the outstanding Warrants by
(b) an independent investment bank of nationally recognized standing in the valuation of businesses similar to the business of
the corporation

 

(iii) “COMMON
STOCK,” for purposes of this Paragraph 4, includes the Common Stock, par value $0.001 per share, and any additional class
of stock of the Company having no preference as to dividends or distributions on liquidation, provided that the shares purchasable
pursuant to this Warrant shall include only shares of Common Stock, par value $0.001 per share, in respect of which this Warrant
is exercisable, or shares resulting from any subdivision or combination of such Common Stock, or in the case of any reorganization,
reclassification, consolidation, merger, or sale of the character referred to in Paragraph 4(e) hereof, the stock or other securities
or property provided for in such Paragraph.

 

5. ISSUE TAX. The
issuance of certificates for Warrant Shares upon the exercise Of this Warrant shall be made without charge to the holder of this
Warrant or such shares for any issuance tax or other costs in respect thereof, provided that the Company shall not be required
to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any certificate in a name
other than the holder of this Warrant.

 

6. NO RIGHTS OR
LIABILITIES AS A SHAREHOLDER. This Warrant shall Not entitle the holder hereof to any voting rights or other rights as a shareholder
of the Company. No provision of this Warrant, in the absence of affirmative action by the holder hereof to purchase Warrant Shares,
and no mere enumeration herein of the rights or privileges of the holder hereof, shall give rise to any liability of such holder
for the Exercise Price or as a shareholder of the Company, whether such liability is asserted by the Company or by creditors of
the Company.

 

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7. TRANSFERS, EXCHANGE, AND REPLACEMENT
OF WARRANT.

 

(a) RESTRICTION
ON TRANSFER. This Warrant and the rights granted to The holder hereof is transferable, in whole or in part, upon surrender of this
Warrant, together with a properly executed assignment in the form attached Hereto, at the office or agency of the Company referred
to in Paragraph 7(e) Below, provided, however, that any transfer or assignment shall be subject to The conditions set forth in
Paragraph 7(f) hereof and to the applicable provisions of the Securities Purchase Agreement. Until due presentment for registration
of transfer on the books of the Company, the Company may treat the registered holder hereof as the. Any notice shall not affect
owner and holder hereof for all purposes, and the Company to the contrary. Notwithstanding anything to the contrary contained herein,
the registration rights described in Paragraph 8 are assignable only in accordance with the provisions of that certain Registration
Rights Agreement, dated as of March 31, 1999, by and among the Company and the other signatories thereto (the “Registration
Rights Agreement”.).

 

(b) WARRANT EXCHANGEABLE
FOR DIFFERENT DENOMINATIONS. This Warrant is exchangeable, upon the surrender hereof by the holder hereof at the office or Agency
of the Company referred to in Paragraph 7(e) below, for new Warrants of Like tenor representing in the aggregate the right to purchase
the number of shares of Common Stock, which may be purchased hereunder, each of such new warrants to represent the right to purchase
such number of shares as shall be Designated by the holder hereof at the time of such surrender.

 

(e) REPLACEMENT
OF WARRANT Upon receipt of evidence reasonably Satisfactory to the Company of the loss, theft, destruction, or mutilation of This
Warrant and, in the case of any such loss, theft, or destruction, upon Delivery of an indemnity agreement reasonably satisfactory
in form and amount to The Company, or, in the case of any such mutilation, upon surrender and Cancellation of this Warrant, the
Company, at its expense, will execute and Deliver, in lieu thereof, a new Warrant of like tenor.

 

(d) CANCELLATION,
PAYMENT OF EXPENSES. Upon the surrender of this Warrant in connection with any transfer, exchange, or replacement as provided in
This Paragraph 7, this Warrant shall be promptly canceled by the Company. The Company shall pay all taxes (other than securities
transfer taxes) and all other Expenses (other than legal expenses, if any, incurred by the Holder or transferees) and charges payable
in connection with the preparation, execution, and delivery of Warrants pursuant to this Paragraph 7.

 

(e) REGISTER. The
Company shall maintain, at its principal executive offices (or such other office or agency of the Company as it may designate by
notice to the holder hereof), a register for this Warrant, in which the Company shall record the name and address of the person
in whose name this Warrant has been issued, as well as the name and address of each transferee and each prior owner of this Warrant.

 

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(f) EXERCISE OR
TRANSFER WITHOUT REGISTRATION. If, at the Time of the surrender of this Warrant in connection with any exercise, transfer, or exchange
of this Warrant, this Warrant (or, in the case of any exercise, the Warrant Shares issuable hereunder), shall not be registered
under the Securities Act and under applicable state securities or blue sky laws, the Company may require, as a condition of allowing
such exercise, transfer, or exchange, (I) that the holder or transferee of this Warrant, as the case may be, famish to the Company
a written opinion of counsel, which opinion and counsel are acceptable to the Company, to the effect that such exercise, transfer,
or exchange may be made without registration under the Securities Act and under applicable state securities or blue sky laws, (ii)
that the holder or transferee execute and deliver to the Company an investment letter in form and substance acceptable to the Company
and (iii) that the transferee be an “accredited investor” as defined in Rule 5 0 1 (a) promulgated under the Securities
Act; provided that no such opinion, letter or status as an “accredited investor” shall be required in connection with
a transfer pursuant to Rule 144 under the Securities Act. The first holder of this Warrant, by taking and holding the same, represents
to the Company that such holder is acquiring this Warrant for investment and not with a View to the distribution thereof

 

8. REGISTRATION
RIGHTS. The initial holder of this Warrant (and certain assignees thereof) is not entitled to the benefit of such registration
rights in respect of the Warrant Shares, and is limited in the resale thereof subject to Rule 144 as above.

 

9. NOTICES. All
notices, requests, and other communications required or permitted to be given or delivered hereunder to the holder of this Warrant
shall be in writing, and shall be personally delivered, or shall be sent by certified or registered mail or by recognized overnight
mail courier, postage prepaid and addressed, to such holder at the address shown for such holder on the books of the Company, or
at such other address as shall have been famished to the Company by notice from such holder. All notices, requests, and other communications
required or permitted to be given or delivered hereunder to the Company shall be in writing, and shall be personally delivered,
or shall be sent by certified or registered mail or by recognized overnight mail courier, postage prepaid and addressed, to the
office of the Company at 1771 east Flamingo Rd 201a, Las Vegas Nevada 89119. Attention: Chief Executive Officer at such other address
as shall have been famished to the holder of this Warrant by notice from the Company. Any such notice, request, or other communication
may be sent by Facsimile, but shall in such case be subsequently confirmed by a writing personally delivered or sent by certified
or registered mail or by recognized overnight mail courier as provided above. All notices, requests, and other communications shall
be deemed to have been given either at the time of the receipt thereof by the person entitled to receive such notice at the address
of such person for purposes of this Paragraph 9, or, if mailed by registered or certified mail or with a recognized overnight mail
courier upon deposit with the United States Post Office or such overnight mail courier, if postage is prepaid and the mailing is
properly addressed, as the case may be.

 

    	10 

    	 

    

 

10. GOVERNING LAW.
This Warrant shall be governed by and construed In accordance with the laws of the State of Nevada applicable to contracts made
and to be performed in the State of Nevada (without regard to principles of conflict of laws). The Company and the holder irrevocably
consent to the jurisdiction of the United States federal courts and the state courts located in Delaware in any suit or proceeding
based on or arising under this Warrant, the agreements entered into in connection herewith or the transactions contemplated hereby
or thereby and irrevocably *agree that all claims in respect of such suit or proceeding may be determine in such courts. The Company
and the holder irrevocably waive the defense of an inconvenient forum to the maintenance of such suit or proceeding. The Company’
and the holder further agree that service of process upon a party mailed by party in any such suit or proceeding. Nothing herein
shall affect the right of the Company or the holder hereof to serve process in any other manner permitted by law. The Company and
the holder agree that a final non-appealable judgment in any such suit or proceeding shall be conclusive and may be enforced in
other jurisdictions by suit on such judgment or in any other lawful manner.

 

11. MISCELLANEOUS.

 

(a) AMENDMENTS. This Warrant and any
provision hereof may only amended by an instrument in writing signed by the Company and the holder hereof.

 

(b) DESCRIPTIVE
HEADINGS. The descriptive headings of the several paragraphs of this Warrant are inserted for purposes of reference only, and shall
not affect the meaning or construction of any of the provisions hereof

 

(c) CASHLESS EXERCISE.
Warrant’s can be exercised in part as forgiveness of the Convertible Debenture Agreement, without cash Notwithstanding anything
to the contrary contained in this Warrant, if the resale of the Warrant Shares by the holder is not then registered pursuant to
an effective registration statement under the Securities Act. Any amount of the value of the warrant that exceeds the amount of
the value of the Debenture pay off is due in cash. This Warrant may be exercised by presentation and surrender of this Warrant
to the Company at its principal executive offices with a written notice of the holder’s intention to effect a cashless exercise,
including a calculation of the number of shares of Common Stock to be issued upon such exercise in accordance with the terms hereof
(a “Cashless Exercise”). In the event of a Cashless Exercise, in lieu of paying the Exercise Price in cash, the holder
shall surrender this Warrant for that number of shares of Common Stock determined by multiplying the number of Warrant Shares to
which it would otherwise be entitled by a fraction, the numerator of which shall be the difference between the then current Market
Price per share of the Common Stock and the Exercise Price, and the denominator of which shall be the then current Market Price
per share of Common Stock.

  

IN WITNESS WHEREOF,
the Company has caused this Warrant to be signed by its

duly authorized officer.

 

	 	 	Players Network
Inc.
	 	 	 
	 	By:	
	 	 	Mark Bradley
	 	 	Chairman and Chief
Executive Officer
	 	 	 
	 	 	Dated as of August
15th, 2016

 

    	11 

    	 

    

  

FORM OF EXERCISE
AGREEMENT

 

Dated: July 21th
2016

 

To: Rxmm Health, Inc.

 

The undersigned,
pursuant to the provisions set forth in the within Warrant, hereby agrees to purchase 50,000,000 shares of Common Stock covered
by such Warrant, and makes payment herewith in full therefor at the price per share provided by such Warrant in cash or by certified
or official bank check in the amount of, or, if the resale of such Common Stock by the undersigned is not currently registered
pursuant to an effective registration statement under the Securities Act of 1933, as amended, by surrender of securities issued
by the Company (including a portion of the Warrant) having a market value (in the case of a portion of this Warrant, determined
in accordance with Section 1 l(c) of the Warrant) equal to $ ____________. Please issue a certificate or certificates for such
shares of Common Stock in the name of and pay any cash for any fractional share to:

 

Name: _______________________

 

Signature: __________________

Address: ____________________

____________________

 

Note: The above
signature should correspond Exactly with the name on the face of the within Warrant, and, if said number of shares of Common Stock
shall not be all the shares purchasable under the within Warrant, a new Warrant is to be issued in the name of said undersigned
covering the balance of the shares purchasable thereunder less any fraction of a share paid in cash.

  

FORM OF ASSIGNMENT

 

FOR VALUE RECEIVED, the undersigned
hereby sells, assigns, and transfers all the rights of the undersigned under the within Warrant, with respect to the number of
shares of Common Stock covered thereby set forth herein below, to:

 

Name of Assignee                                            Address                                                     No of Shares

  

___________________________             ________________________
         ___________

 

 

___________________________             _________________________

 

, and hereby irrevocably
constitutes and appoints _______________________as agent and attorney-in-fact to transfer said Warrant on the books of the
within-named corporation, with full power of substitution in the premises.

  

Dated: ______ __,20____

 

In the presence of:

 

__________________

 

Name: __________________

 

Signature: __________________

 

Title of Signing
Officer or Agent (if any):

 

Address: __________________

__________________

 

Note: The above
signature should correspond exactly with the name on the face of the within Warrant.

 

    	12 

    	 

    

 

EXHIBIT A

 

Strike Price and Warrant Schedule

 

RxMM will be granted with the following
warrants, which shall be issued at each funding milestone amount described in the table below. The warrant exercise price is defined
in the table below and the timing of exercise shall be tied to the Company’s share price based on a fourteen-day (14) trailing
average basis.

 

Unless the Warrant’s are called by the company, RxMM reserves the right to convert part or the entire debenture
into the warrant exercise price with any residual balance including interest to be repaid by the Company at Term.

 

The Warrants are callable if the stock
averages 200% of the warrant strike price for any thirty days (30) trading period. As an example, if the stock is trading at 0.08
the Company can call the .0.04 warrants. RxMM would then have 10 days to exercise these warrants. After exercise of all warrants
below any remaining principal and accrued interest could be converted into stock at a 25% discount to market and any excess over
the amount of interest will be paid in cash.

 

	Debenture Funding Milestone 	 	Warrants & Exercise Price Details
	$400,000 	 	10 million at $0.05 for 2 years 
	$401,000 - $800,000	 	15 million at $0.06 for 2 years 
	$800,001 - $1,600,000	 	15 million at $0.07 for 2 years 
	$1,600,001 - $2,500,000	 	10 million at $0.08 for 2 years

 

    	13EXHIBIT 10.1

 

Execution Copy

 

VOTING AND SUPPORT AGREEMENT

 

This VOTING AND SUPPORT AGREEMENT (this “Agreement”), dated as of August 22, 2016, is entered into by and among Affinity Gaming, a Nevada corporation (the “Company”), Z Capital Partners, L.L.C (“Z Capital”) and each affiliate of Z Capital who is the beneficial owner (as defined below) of Shares (as defined below) of the Company, all of such affiliates of Z Capital, including Z Capital, are signatories to this Agreement (each a “Stockholder” and, collectively, the “Stockholders”).

 

WHEREAS, each Stockholder is as of the date hereof, the record and/or beneficial owner (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which meaning will apply for all purposes of this Agreement) of the number of shares of common stock, par value $0.001 per share (the “Shares”), of the Company, set forth opposite the name of such Stockholder on Schedule I hereto;

 

WHEREAS, contemporaneously with the execution of this Agreement, Z Capital Affinity Owner, LLC, a Delaware limited liability company (“Parent”), Affinity Merger Sub, Inc., a Nevada corporation and a wholly-owned subsidiary of Parent (“Merger Sub”), and the Company, are entering into an Agreement and Plan of Merger, dated as of the date hereof, in the form attached as Schedule II (as may be modified or amended from time to time, the “Merger Agreement”), providing, among other things, for the merger of Merger Sub with and into the Company upon the terms and subject to the conditions set forth in the Merger Agreement (the “Merger”); and

 

WHEREAS, as a condition of and inducement to the Company’s willingness to enter into the Merger Agreement, the Company has required that the Stockholders enter into this Agreement.

 

NOW, THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth in this Agreement and in the Merger Agreement, and intending to be legally bound hereby, the parties hereto agree as follows:

 

1.                                      Certain Definitions. For the purposes of this Agreement, capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to them in this Section 1.

 

“Acquisition Proposal” has the meaning set forth in the Merger Agreement.

 

“Action” has the meaning set forth in the Merger Agreement.

 

“Additional Owned Shares” with respect to a Stockholder means all Shares which are beneficially owned by such Stockholder and are acquired by such Stockholder after the date hereof and prior to the termination of this Agreement.

 

 

“Affiliate” has the meaning set forth in the Merger Agreement; provided, however, that for the purposes of this Agreement (i) the Company shall be deemed not to be an Affiliate of any Stockholder and (ii) for the avoidance of doubt, no Stockholder shall be deemed an Affiliate of  any other holder of Shares or equity interests of the Company solely by virtue of deemed common control of the Company.

 

“beneficial ownership” (and related terms such as “beneficially owned” or “beneficial owner”) has the meaning set forth in Rule 13d-3 under the Exchange Act.

 

“Business Day” has the meaning set forth in the Merger Agreement.

 

“Covered Shares” with respect to a Stockholder means such Stockholder’s Owned Shares and Additional Owned Shares.

 

“Change of Recommendation” has the meaning set forth in the Merger Agreement.

 

“Effective Time” has the meaning set forth in the Merger Agreement.

 

“Disclosed Owned Shares” has the meaning assigned thereto in Section 5(a) hereof.

 

“Governmental Entity” has the meaning set forth in the Merger Agreement.

 

“HSR Act” has the meaning set forth in the Merger Agreement.

 

“Liens” has the meaning assigned thereto in Section 5(a) hereof.

 

“NRS” means the Nevada Revised Statute, as amended.

 

“Owned Shares” with respect to a Stockholder means all Shares which are beneficially owned by the Stockholder as of the date hereof; provided, however, that with respect to a Stockholder that is a party to the Settlement Agreement, “Owned Shares” shall not include any Shares owned beneficially or of record by any other party to the Settlement Agreement that such first Stockholder may be deemed to beneficially own solely as a result of such Stockholder being deemed a member of a group (as defined in Section 13(d) of the Exchange Act) with such other parties to the Settlement Agreement.

 

“Person” means an individual, corporation, limited liability company, partnership, association, trust, unincorporated organization or other entity or group (as defined in Section 13(d) of the Exchange Act).

 

“Representatives” has the meaning assigned thereto in Section 3(b) hereof.

 

“Settlement Agreement” means that certain Settlement Agreement, dated as of July 28, 2014, by and among the Company and the stockholders of the Company party thereto from time to time, as amended, supplemented or modified from time to time in accordance with the terms thereof.

 

“Stockholders Meeting” has the meaning assigned thereto in Section 2 hereof.

 

“Subsidiary” has the meaning set forth in the Merger Agreement.

 

“Survival Period” has the meaning assigned thereto in Section 5A hereof.

 

2

 

“Takeover Laws” has the meaning set forth in the Merger Agreement.

 

“Term” has the meaning assigned thereto in Section 6 hereof.

 

“Transfer” means, with respect to a security, the transfer, pledge, hypothecation, encumbrance, assignment or other disposition (whether by sale, merger, consolidation, liquidation, dissolution, dividend, distribution or otherwise) of such security or the beneficial ownership thereof, the offer to make such a transfer or other disposition, and each option, agreement, arrangement or understanding, whether or not in writing, to effect any of the foregoing. As a verb, “Transfer” shall have a correlative meaning.

 

2.                                      Stockholder Vote. At any meeting of the stockholders of the Company, however called, or at any adjournment or postponement thereof, or in any other circumstance in which the vote, consent or other approval of the stockholders of the Company is sought, in any case, during the Term (each, a “Stockholders Meeting”), each Stockholder shall (i) appear at each such meeting or otherwise cause such Stockholder’s Covered Shares with respect to which such Stockholder controls the right to vote to be counted as present thereat for purposes of calculating a quorum and (ii) vote (or cause to be voted), or execute and deliver a written consent (or cause a written consent to be executed and delivered) covering, all such Covered Shares:

 

(a)                                 in favor of the adoption of the Merger Agreement and the approval of the terms thereof, the Merger and each of the other actions contemplated by the Merger Agreement;

 

(b)                                 against any Acquisition Proposal or any proposal relating to an Acquisition Proposal; and

 

(c)                                  against any proposal, action or agreement that would (1) impede, delay, interfere with, prevent or nullify any provision of this Agreement, the Merger Agreement or the Merger or would otherwise adversely affect the timely consummation of the Merger, (2) result in a breach in any respect of any covenant, representation or warranty of the Company, Parent or the Merger Sub under the Merger Agreement or (3) except as expressly contemplated by the Merger Agreement, authorize any dividend or change in any manner the capitalization of, including the voting rights of any class of capital stock of, the Company.

 

Each Stockholder shall not commit or agree to take any action inconsistent with the foregoing.

 

3.                                      No Disposition or Solicitation.

 

(a)                                 No Disposition or Adverse Act. Each Stockholder hereby covenants and agrees that, except as contemplated by this Agreement and the Merger Agreement, such Stockholder shall not, throughout the Term: (i) Transfer or consent to any Transfer of any or all of its Covered Shares or any interest therein without the prior written consent of the Company, except to an Affiliate or Affiliates of such Stockholder that agrees or agree to be bound by the terms and conditions of this Agreement, (ii) tender any or all of the Covered Shares into any exchange or tender offer commenced by a Person other than Parent, Merger Sub or any Affiliate of Parent or Merger Sub, (iii) enter into any contract, option or other agreement, arrangement or understanding (including any profit sharing arrangement) with respect to any Transfer of any or

 

3

 

all Covered Shares or any interest therein, (iv) grant or permit to be granted any proxy, power-of-attorney or other authorization or consent in or with respect to any or all of the Covered Shares, (v) deposit or permit to be deposited any or all of the Covered Shares into a voting trust, (vi) enter into a voting agreement or arrangement with respect to any or all of its Covered Shares, or (vii) take or permit to be taken any other action that would make any representation or warranty of such Stockholder contained herein untrue or incorrect in any material respect or in any way restrict, limit or interfere with the performance of such Stockholder’s obligations hereunder or the transactions contemplated hereby or by the Merger Agreement. Any attempted Transfer of Covered Shares or any interest therein in violation of this Section 3(a) shall be null and void.

 

(b)                                 Non-Solicitation.   Subject to Section 7 hereof, during the Term, each Stockholder agrees that such Stockholder shall not, and shall cause its controlled Affiliates not to, and shall use reasonable efforts to cause its representatives and agents (including its investment bankers, attorneys and accountants) (collectively, its “Representatives”) not to, directly or indirectly, (i) initiate, solicit, or knowingly encourage any inquiries or the making of any proposal or offer that constitutes an Acquisition Proposal, or (ii) engage in, enter into, continue or otherwise participate in any discussions or negotiations regarding, or provide any other Person any non-public information concerning the Company or its Subsidiaries to any Person relating to an Acquisition Proposal. Each Stockholder shall immediately cease any existing activities, discussions or negotiations with any Persons (other than the Company, Parent or Merger Sub or their respective Affiliates or Representatives) that may be ongoing with respect to an Acquisition Proposal that existed on or prior to the date of this Agreement.

 

4.                                      Additional Agreements.

 

(a)                                 Certain Events. In the event of any stock split, stock dividend, merger, reorganization, recapitalization or other change in the capital structure of the Company affecting the Covered Shares or the acquisition of Additional Owned Shares or other securities or rights of the Company by any Stockholder or any of its Affiliates, (i) the type and number of Covered Shares shall be adjusted appropriately and (ii) this Agreement and the obligations hereunder shall automatically attach to any additional Covered Shares or other securities or rights of the Company issued to or acquired by such Stockholder or any of its Affiliates.

 

(b)                                 Waiver of Appraisal and Dissenters’ Rights. Each Stockholder hereby waives and agrees not to demand, assert or exercise any rights of appraisal or rights to dissent from the Merger that such Stockholder may have under NRS 92A.300 through 92A.500 or otherwise.

 

(c)                                  Disclosure and Holdings.  Each Stockholder hereby (i) consents to and authorizes the publication and disclosure by the Company of such Stockholder’s identity and holding of Covered Shares, and the nature of such Stockholder’s commitments, arrangements and understandings under this Agreement, the Merger or any other transactions contemplated by the Merger Agreement and (ii) agrees as promptly as practicable to notify the Company of any required corrections with respect to any written information supplied by such Stockholder specifically for use in any such disclosure document.

 

4

 

(d)                                 Additional Owned Shares. Each Stockholder hereby agrees to notify the Company promptly in writing of the number and description of any Additional Owned Shares.

 

5.                                      Representations and Warranties.

 

A.                                    Representations and Warranties of the Stockholders. Each Stockholder hereby represents and warrants to the Company as of the date hereof as follows:

 

(i)                                     Title. Such Stockholder is the sole record and beneficial owner of the Owned Shares set forth on Schedule I (the “Disclosed Owned Shares”). The Disclosed Owned Shares constitute all of the capital stock and any other equity securities of the Company owned of record or beneficially by such Stockholder on the date hereof and such Stockholder is not the beneficial owner of, and does not have any right to acquire (whether currently, upon lapse of time, following the satisfaction of any conditions, upon the occurrence of any event or any combination of the foregoing) any Shares or any other equity securities of the Company or any securities convertible into or exchangeable or exercisable for Shares or such other equity securities, in each case other than the Disclosed Owned Shares. Such Stockholder has sole voting power, sole power of disposition and sole power to issue instructions with respect to the matters set forth in Sections 3 and 4 hereof and all other matters set forth in this Agreement, in each case with respect to all of the Owned Shares with no limitations, qualifications or restrictions on such rights applicable to the covenants and other obligations of such Stockholder under the terms of this Agreement, subject to applicable securities laws and the terms of this Agreement. Except as permitted by this Agreement, the Owned Shares and the certificates representing such shares, if any, are now, and at all times during the term hereof will be, held by such Stockholder, or by a nominee or custodian for the benefit of such Stockholder, free and clear of any and all liens, pledges, claims, options, proxies, voting trusts or agreements, security interests, understandings or arrangements or any other encumbrances whatsoever on title, transfer or exercise of any rights of a stockholder in respect of the Owned Shares (other than under applicable securities laws and as created by this Agreement) (collectively, “Liens”), except as and to the extent (x) as would not adversely affect in any material respect the ability of such Stockholder to perform its obligations hereunder or consummate the transactions contemplated hereby or (y) any Liens arising under the Settlement Agreement, which agreement shall terminate in accordance with its terms at the Effective Time.

 

(ii)                                  Organization and Qualification. If not a natural Person, such Stockholder is duly organized and validly existing in good standing under the laws of its jurisdiction of organization.

 

(iii)                               Authority. Such Stockholder has all necessary power and authority and legal capacity to execute, deliver and perform all of such Stockholder’s obligations under this Agreement, and consummate the transactions contemplated hereby, and no other proceedings or actions on the part of such Stockholder or its board of directors or governing body or trustees, or its stockholders, members, partners (limited or otherwise) or other equity holders or beneficiaries, as applicable, are necessary to authorize the execution, delivery or performance of this Agreement or the consummation of the transactions contemplated hereby.

 

5

 

(iv)                              Due Execution and Delivery. This Agreement has been duly and validly executed and delivered by such Stockholder and, assuming due authorization, execution and delivery hereof by the Company, constitutes a legal, valid and binding agreement of such Stockholder, enforceable against such Stockholder in accordance with its terms, subject to the effect of any applicable bankruptcy, reorganization, insolvency, moratorium or similar laws affecting creditors’ rights generally and subject, as to enforceability, to the effect of general principles of equity.

 

(v)                                 No Filings; No Conflict or Default. Except for the matters described in Sections 3.4(b) of the Merger Agreement, and compliance with the applicable requirements of the Exchange Act, no filing with, and no permit, authorization, consent or approval of, any Governmental Entity or any other Person is necessary for the execution and delivery of this Agreement by such Stockholder, the consummation by such Stockholder of the transactions contemplated hereby and the compliance by such Stockholder with the provisions hereof. None of the execution and delivery of this Agreement by such Stockholder, the consummation by such Stockholder of the transactions contemplated hereby or compliance by such Stockholder with any of the provisions hereof will (a) result in a violation or breach of, or constitute (with or without notice or lapse of time or both) a default (or give rise to any third party right of termination, cancellation, modification or acceleration) under, any of the terms, conditions or provisions of any note, bond, mortgage, indenture, lease, license, permit, contract, commitment, arrangement, understanding, agreement or other instrument or obligation of any kind, including any voting agreement, proxy arrangement, pledge agreement, shareholders agreement or voting trust, to which such Stockholder is a party or by which such Stockholder or any of such Stockholder’s properties or assets may be bound, (b) violate any judgment, order, writ, injunction, decree or award of any court, administrative agency or other Governmental Entity that is applicable to such Stockholder or any of such Stockholder’s properties or assets, (c) constitute a violation by such Stockholder of any law or regulation of any jurisdiction, or (d) contravene or conflict with such Stockholder’s certificate of incorporation and bylaws or other organizational documents, in each case, except for any conflict, breach, default or violation described above which would not adversely affect in any material respect the ability of such Stockholder to perform its obligations hereunder or consummate the transactions contemplated hereby.

 

(vi)                              No Litigation. There is no suit, claim, action, investigation or proceeding pending or, to the knowledge of such Stockholder, threatened against such Stockholder at law or in equity before or by any Governmental Entity that could reasonably be expected to impair the ability of such Stockholder to perform its obligations hereunder or consummate the transactions contemplated hereby.

 

(vii)                           No Fees. No broker, investment banker, financial advisor or other Person is entitled to any broker’s, finder’s, financial advisor’s or other similar fee or commission in connection with the transactions contemplated hereby based upon arrangements made by or on behalf of such Stockholder in its capacity as a stockholder of the Company.

 

(viii)                        Reliance. Such Stockholder understands and acknowledges that the Company is entering into the Merger Agreement in reliance upon such Stockholder’s concurrent execution and delivery of this Agreement.

 

6

 

B.                                    Representations and Warranties of the Company. The Company hereby represents and warrants to each Stockholder, as of the date hereof as follows:

 

(ii)                                  Authority. The Company has all necessary power and authority and legal capacity to execute, deliver and perform all of its obligations under this Agreement, and consummate the transactions contemplated hereby, and no other proceedings or actions on the part of the Company or its board of directors or its stockholders, are necessary to authorize the execution, delivery or performance of this Agreement or the consummation of the transactions contemplated hereby.

 

(iii)                               Due Execution and Delivery. This Agreement has been duly and validly executed and delivered by the Company and, assuming due authorization, execution and delivery hereof by each such Stockholder, constitutes a legal, valid and binding agreement of the Company, enforceable against the Company in accordance with its terms, subject to the effect of any applicable bankruptcy, reorganization, insolvency, moratorium or similar laws affecting creditors’ rights generally and subject, as to enforceability, to the effect of general principles of equity.

 

6.                                      Termination. The term (the “Term”) of this Agreement shall commence on the date hereof and shall terminate with respect to each Stockholder upon the earliest of (i) the mutual agreement of the Company such Stockholder, (ii) the Effective Time, and (iii) the termination of the Merger Agreement in accordance with its terms; provided that (A) nothing herein shall relieve any party hereto from liability for any breach of this Agreement prior to termination and (B) this Section 6 and Section 8 shall survive any termination of this Agreement.  In addition, upon a Change of Recommendation under and in compliance with the Merger Agreement, (x) the provisions in Section 2 of this Agreement shall not apply for so long as such Change of Recommendation shall remain in effect and (y) the provisions in clause (ii) of Section 3(b) of this Agreement shall not prohibit such Stockholder (and its controlled Affiliates and Representatives) from engaging in discussions with the Person making the relevant Acquisition Proposal for so long as such Change of Recommendation shall remain in effect.

 

7.                                      No Limitation. Each Stockholder is entering into this Agreement solely in its capacity as a beneficial owner of Covered Shares, and not in its capacity (if applicable) as an officer or member of the Board of Directors of the Company. Nothing in this Agreement shall be construed to prohibit or limit any Stockholder, or a director, officer or employee of such Stockholder or Affiliates of such Stockholder who is an officer or director of the Company, from taking (or omitting to take) any action (including any action prohibited by Section 4 hereof) in his capacity as an officer or member of the Board of Directors of the Company or otherwise fulfilling the obligations of such office (including the performance of obligations required by the fiduciary obligations of such Stockholder, or director, officer or employee of such Stockholder or Affiliate of such Stockholder, acting in his or her capacity as an officer or director of the Company), including from taking any action with respect to any Acquisition Proposal as an officer or member of such Board of Directors.

 

7

 

8.                                      Miscellaneous.

 

(a)                                 Entire Agreement. This Agreement (together with Schedule I and Schedule II) constitutes the entire agreement among the parties hereto with respect to matters described herein and supersedes all other prior agreements and understandings, both written and oral, among the parties hereto with respect to such matters.

 

(b)                                 Further Assurances. Subject to the terms and conditions of this Agreement, at the other party’s reasonable request and without further consideration, each party hereto shall execute and deliver such additional documents and take all such further lawful action as may be necessary or desirable to consummate and make effective, in the most expeditious manner practicable, the transactions contemplated hereby.

 

(c)                                  No Assignment. This Agreement shall not be assigned by any party by operation of law or otherwise without the prior written consent of the Stockholder (in the case of any assignment by the Company) or the Company (in the case of an assignment by any Stockholder).

 

(d)                                 Binding Successors. Without limiting any other rights the Company may have hereunder in respect of any Transfer of the Covered Shares, each Stockholder agrees that this Agreement and the obligations hereunder shall attach to the Covered Shares beneficially owned by such Stockholder and its Affiliates and shall be binding upon any Person to which legal or beneficial ownership of such Covered Shares shall pass, whether by operation of law or otherwise, including, without limitation, such Stockholder’s heirs, guardians, administrators, representatives or successors.

 

(e)                                  Amendments. This Agreement may not be amended, changed, supplemented or otherwise modified except by an instrument in writing signed on behalf of the Company and such Stockholder.

 

(f)                                   Notice. All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed to have been duly received) (i) upon receipt, if delivered personally or by first class mail, postage pre-paid, (ii) on the date of transmission, if sent by facsimile transmission (with confirmation of receipt) or email, or (iii) on the Business Day after dispatch, if sent by nationally recognized, documented overnight delivery service, as follows:

 

If to a Stockholder:

 

At the address and facsimile number set forth on Schedule I hereto.

 

If to the Company:

 

Affinity Gaming

3755 Breakthrough Way, Suite 300

Las Vegas, NV 89135

Attention:  General Counsel

Facsimile:  702-341-2581

 

8

 

E-mail:  mrubenstein@affinitygaming.com

 

with a copy (which shall not constitute notice) to:

 

Morrison & Foerster LLP

425 Market Street

San Francisco, CA 94105

Attention:                                         Brandon C. Parris, Esq.

Michael G. O’Bryan, Esq.

Jeffrey Washenko, Esq.

Facsimile:                                         (415) 276-7270

E-mail:                                                        bparris@mofo.com

mobryan@mofo.com

jwashenko@mofo.com

 

or to such other address or facsimile number as the Person to whom notice is given may have previously furnished to the other parties hereto in writing in the manner set forth above.

 

(g)                                  Severability. If any term, condition or other provision of this Agreement is determined by a court of competent jurisdiction to be invalid, illegal or incapable of being enforced by any rule of Law or public policy, all other terms, provisions and conditions of this Agreement shall nevertheless remain in full force and effect. Upon such determination that any term, condition or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible to the fullest extent permitted by applicable Law in an acceptable manner to the end that the transactions contemplated by this Agreement are fulfilled to the extent possible.

 

(h)                                 Remedies. All rights, powers and remedies provided under this Agreement or otherwise available in respect hereof at law or in equity shall be cumulative and not alternative, and the exercise of any such right, power or remedy by any party hereto shall not preclude the simultaneous or later exercise of any other such right, power or remedy by such party.

 

(i)                                     No Waiver. The failure of any party hereto to exercise any right, power or remedy provided under this Agreement or otherwise available in respect hereof at law or in equity, or to insist upon compliance by any other party hereto with such party’s obligations hereunder, and any custom or practice of the parties at variance with the terms hereof, shall not constitute a waiver by such party of such party’s right to exercise any such or other right, power or remedy or to demand such compliance.

 

(j)                                    No Third Party Beneficiaries. This Agreement shall be binding upon and inure solely to the benefit of each party hereto, and nothing in this Agreement, express or implied, is intended to confer upon any other Person any rights or remedies of any nature whatsoever under or by reason of this Agreement.

 

9

 

(k)                                 Governing Law. This Agreement and all disputes or controversies arising out of or relating to this Agreement or the transactions contemplated hereby shall be governed by, and construed in accordance with, the internal laws of the State of Nevada, without regard to the laws of any other jurisdiction that might be applied because of the conflicts of laws principles of the State of Nevada.

 

(l)                                     Submission to Jurisdiction. Each of the parties irrevocably agrees that any legal action or proceeding arising out of or relating to this Agreement brought by any party or its Affiliates against any other party or its Affiliates shall be brought and determined in the courts of the State of Nevada located in Clark County, Nevada.  Each of the parties hereby irrevocably submits to the jurisdiction of the aforesaid courts for itself and with respect to its property, generally and unconditionally, with regard to any such action or proceeding arising out of or relating to this Agreement and the transactions contemplated hereby.  Each of the parties agrees not to commence any action, suit or proceeding relating thereto except in the courts described above in Nevada, other than actions in any court of competent jurisdiction to enforce any judgment, decree or award rendered by any such court in Nevada as described herein.  Each of the parties further agrees that notice as provided herein shall constitute sufficient service of process and the parties further waive any argument that such service is insufficient.  Each of the parties hereby irrevocably and unconditionally waives, and agrees not to assert, by way of motion or as a defense, counterclaim or otherwise, in any action or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby, (a) any claim that it is not personally subject to the jurisdiction of the courts in Nevada as described herein for any reason, (b) that it or its property is exempt or immune from the jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) and (c) that (i) the suit, action or proceeding in any such court is brought in an inconvenient forum, (ii) the venue of such suit, action or proceeding is improper or (iii) this Agreement, or the subject matter hereof, may not be enforced in or by such courts..

 

(m)                             Waiver of Jury Trial. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY THAT MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE IT HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT AND ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE EITHER OF SUCH WAIVERS, (B) IT UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF SUCH WAIVERS, (C) IT MAKES SUCH WAIVERS VOLUNTARILY AND (D) IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 8(m).

 

10

 

(n)                                 Specific Performance. The parties hereto agree that irreparable harm would occur in the event that any of the provisions of this Agreement were not performed by a party hereto in accordance with their specific terms or were otherwise breached by such party, and that the other parties hereto would not have an adequate remedy at law for money damages in such event. It is accordingly agreed that each party shall be entitled, without posting any bond or other undertaking, to specific performance and injunctive and other equitable relief to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement, this being in addition to any other remedy to which such party is entitled at law or in equity.

 

(o)                                 Interpretation. The descriptive headings used herein are inserted for convenience of reference only and are not intended to be part of or to affect the meaning or interpretation of this Agreement. The words “include,” “includes” and “including” shall be deemed to be followed by “without limitation” whether or not they are in fact followed by such words or words of like import. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. No provision of this Agreement shall be interpreted for or against any party hereto because that party or its legal representatives drafted the provision. The words “hereof,” “hereto,” “hereby,” “herein,” “hereunder” and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole and not any particular section in which such words appear.

 

(p)                                 Counterparts. This Agreement may be executed in counterparts (including by facsimile or by .pdf delivered via email), each of which shall be deemed to be an original, but all of which, taken together, shall constitute one and the same agreement.

 

(q)                                 Expenses. Except as otherwise provided herein, all fees and expenses incurred in connection with this Agreement and the other transactions contemplated hereby shall be paid by the party incurring such fees or expenses, whether or not the Merger is consummated.

 

(r)                                    No Ownership Interest. Nothing contained in this Agreement shall be deemed, upon execution, to vest in the Company any direct or indirect ownership or incidence of ownership of or with respect to any Covered Shares. All rights, ownership and economic benefits of and relating to the Covered Shares shall remain vested in and belong to the Stockholder, and the Company shall have no authority to manage, direct, superintend, restrict, regulate, govern or administer any of the policies or operations of the Company or exercise any power or authority to direct the Stockholder in the voting of any of the Covered Shares, except as otherwise provided herein or in accordance with the terms of the Merger Agreement.

 

11

 

(s)                                   Relationship of the Stockholders; Several Liability. Each party acknowledges and agrees that (i) this Agreement is not intended to, and does not, create any agency, partnership, fiduciary or joint venture relationship between or among any of the parties hereto or among the Stockholder and any other stockholder of the Company and neither this Agreement nor any other document or agreement entered into by any party hereto relating to the subject matter hereof shall be construed to suggest otherwise, (ii) the obligations of the Stockholder under this Agreement are solely contractual in nature and (iii) the determinations of the Stockholder under this Agreement are independent of the determinations of any other stockholder of the Company under any similar agreement with the Company.  Notwithstanding anything to the contrary contained in this Agreement, the liability of the Stockholder hereunder shall be several, not joint and several, and the Stockholder shall not be liable for any obligations of any other stockholder of the Company.

 

[Signature page follows.]

 

12

 

IN WITNESS WHEREOF, the Company and each Stockholder has caused this Agreement to be duly executed as of the day and year first above written.

 

	
 
    	
THE   COMPANY:
    
	
 
    	
 
    
	
 
    	
AFFINITY   GAMING
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Walter Bogumil
    
	
 
    	
Name:
    	
Walter   Bogumil
    
	
 
    	
Title:
    	
Senior   Vice President, Chief Financial Officer and Treasurer
    

 

13

 

	
 
    	
STOCKHOLDER:
    
	
 
    	
 
    
	
 
    	
Z CAPITAL PARTNERS FUND   HOLDINGS I, L.L.C.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ James   Zenni, Jr.
    
	
 
    	
Name:
    	
James Zenni, Jr.
    
	
 
    	
Title:
    	
Authorized Person
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Z CAPITAL PARTNERS II,   L.P.
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ James   Zenni, Jr.
    
	
 
    	
Name:
    	
James Zenni, Jr.
    
	
 
    	
Title:
    	
Authorized Person
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Z CAPITAL PARTNERS   II-A, L.P.
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ James   Zenni, Jr.
    
	
 
    	
Name:
    	
James Zenni, Jr.
    
	
 
    	
Title:
    	
Authorized Person
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Z CAPITAL PARTNERS   II-B, L.P.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ James   Zenni, Jr.
    
	
 
    	
Name:
    	
James Zenni, Jr.
    
	
 
    	
Title:
    	
Authorized Person
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Z CAPITAL HG, L.L.C.
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ James   Zenni, Jr.
    
	
 
    	
Name:
    	
James Zenni, Jr.
    
	
 
    	
Title:
    	
Authorized Person
    

 

 

	
 
    	
Z CAPITAL HG-C, L.L.C.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ James   Zenni, Jr.
    
	
 
    	
Name:
    	
James Zenni, Jr.
    
	
 
    	
Title:
    	
Authorized Person
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Z CAPITAL CUAL CO-INVEST,   L.L.C.
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ James   Zenni, Jr.
    
	
 
    	
Name:
    	
James Zenni, Jr.
    
	
 
    	
Title:
    	
Authorized Person
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Z CAPITAL GP I, L.P.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ James   Zenni, Jr.
    
	
 
    	
Name:
    	
James Zenni, Jr.
    
	
 
    	
Title:
    	
Authorized Person
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Z CAPITAL GP II, L.P.
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ James   Zenni, Jr.
    
	
 
    	
Name:
    	
James Zenni, Jr.
    
	
 
    	
Title:
    	
Authorized Person
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Z CAPITAL PARTNERS UGP,   L.L.C.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ James   Zenni, Jr.
    
	
 
    	
Name:
    	
James Zenni, Jr.
    
	
 
    	
Title:
    	
Authorized Person
    

 

2

 

	
 
    	
Z CAPITAL PARTNERS,   L.L.C.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ James   Zenni, Jr.
    
	
 
    	
Name:
    	
James Zenni, Jr.
    
	
 
    	
Title:
    	
Authorized Person
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Z CAPITAL GROUP, L.L.C.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ James   Zenni, Jr.
    
	
 
    	
Name:
    	
James Zenni, Jr.
    
	
 
    	
Title:
    	
Authorized Person
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
ZENNI HOLDINGS, L.L.C.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ James   Zenni, Jr.
    
	
 
    	
Name:
    	
James Zenni, Jr.
    
	
 
    	
Title:
    	
Authorized Person
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ James   Zenni, Jr.
    
	
 
    	
James Zenni, Jr.
    

 

3

 

Schedule I

 

Disclosed Owned Shares

 

	
Stockholder
    	
Address
    	
Shares Owned
    
	
Z Capital Partners Fund Holdings I, L.L.C.
    	
c/o Z Capital Partners, L.L.C.
   Two Conway Park
   150 Field Dr., Suite 300
   Lake Forest, IL 60045
   Attention: James J. Zenni, Jr., Martin Auerbach and Andrei Scrivens
   Facsimile: (847) 235-8100
   E-mail: jzenni@zcap.net, mauerbach@zcap.net and ascrivens@zcap.net
    	
2,997,024.93
    
	
Z Capital Partners II, L.P.
    	
c/o Z Capital Partners, L.L.C.
   Two Conway Park
   150 Field Dr., Suite 300
   Lake Forest, IL 60045
   Attention: James J. Zenni, Jr., Martin Auerbach and Andrei Scrivens
   Facsimile: (847) 235-8100
   E-mail: jzenni@zcap.net, mauerbach@zcap.net and ascrivens@zcap.net
    	
1,059,684.65
    
	
Z Capital Partners II-A, L.P.
    	
c/o Z Capital Partners, L.L.C.
   Two Conway Park
   150 Field Dr., Suite 300
   Lake Forest, IL 60045
   Attention: James J. Zenni, Jr., Martin Auerbach and Andrei Scrivens
   Facsimile: (847) 235-8100
   E-mail: jzenni@zcap.net, mauerbach@zcap.net and ascrivens@zcap.net
    	
1,222,344.61
    
	
Z Capital Partners II-B, L.P.
    	
c/o Z Capital Partners, L.L.C.
   Two Conway Park
   150 Field Dr., Suite 300
   Lake Forest, IL 60045
   Attention: James J. Zenni, Jr., Martin Auerbach and Andrei Scrivens
   Facsimile: (847) 235-8100
   E-mail: jzenni@zcap.net, mauerbach@zcap.net and ascrivens@zcap.net
    	
548,446.04
    

 

 

	
Z Capital HG, L.L.C.
    	
c/o Z Capital Partners, L.L.C.
   Two Conway Park
   150 Field Dr., Suite 300
   Lake Forest, IL 60045
   Attention: James J. Zenni, Jr., Martin Auerbach and Andrei Scrivens
   Facsimile: (847) 235-8100
   E-mail: jzenni@zcap.net, mauerbach@zcap.net and ascrivens@zcap.net
    	
1,766,777.50
    
	
Z Capital HG-C, L.L.C.
    	
c/o Z Capital Partners, L.L.C.
   Two Conway Park
   150 Field Dr., Suite 300
   Lake Forest, IL 60045
   Attention: James J. Zenni, Jr., Martin Auerbach and Andrei Scrivens
   Facsimile: (847) 235-8100
   E-mail: jzenni@zcap.net, mauerbach@zcap.net and ascrivens@zcap.net
    	
388,666.00
    
	
Z Capital CUAL Co-Invest, L.L.C.
    	
c/o Z Capital Partners, L.L.C.
   Two Conway Park
   150 Field Dr., Suite 300
   Lake Forest, IL 60045
   Attention: James J. Zenni, Jr., Martin Auerbach and Andrei Scrivens
   Facsimile: (847) 235-8100
   E-mail: jzenni@zcap.net, mauerbach@zcap.net and ascrivens@zcap.net
    	
418,397.67
    
	
Z Capital Partners GP I, L.P.
    	
c/o Z Capital Partners, L.L.C.
   Two Conway Park
   150 Field Dr., Suite 300
   Lake Forest, IL 60045
   Attention: James J. Zenni, Jr., Martin Auerbach and Andrei Scrivens
   Facsimile: (847) 235-8100
   E-mail: jzenni@zcap.net, mauerbach@zcap.net and ascrivens@zcap.net
    	
17,274.00
    

 

	
Beneficial Owner
    	
Address
    	
Shares Beneficially
   Owned
    
	
Z Capital Partners GP I, L.P.
    	
c/o Z Capital Partners, L.L.C.
    	
5,588,140.10
    

 

2

 

	
 
    	
Two Conway Park
   150 Field Dr., Suite 300
   Lake Forest, IL 60045
   Attention: James J. Zenni, Jr., Martin Auerbach and Andrei Scrivens
   Facsimile: (847) 235-8100
   E-mail: jzenni@zcap.net, mauerbach@zcap.net and ascrivens@zcap.net
    	
 
    
	
Z Capital Partners GP II, L.P.
    	
c/o Z Capital Partners, L.L.C.
   Two Conway Park
   150 Field Dr., Suite 300
   Lake Forest, IL 60045
   Attention: James J. Zenni, Jr., Martin Auerbach and Andrei Scrivens
   Facsimile: (847) 235-8100
   E-mail: jzenni@zcap.net, mauerbach@zcap.net and ascrivens@zcap.net
    	
2,830,475.30
    
	
Z Capital Partners UGP, L.L.C.
    	
c/o Z Capital Partners, L.L.C.
   Two Conway Park
   150 Field Dr., Suite 300
   Lake Forest, IL 60045
   Attention: James J. Zenni, Jr., Martin Auerbach and Andrei Scrivens
   Facsimile: (847) 235-8100
   E-mail: jzenni@zcap.net, mauerbach@zcap.net and ascrivens@zcap.net
    	
8,418,615.40
    
	
Z Capital Partners, L.L.C.
    	
c/o Z Capital Partners, L.L.C.
   Two Conway Park
   150 Field Dr., Suite 300
   Lake Forest, IL 60045
   Attention: James J. Zenni, Jr., Martin Auerbach and Andrei Scrivens
   Facsimile: (847) 235-8100
   E-mail: jzenni@zcap.net, mauerbach@zcap.net and ascrivens@zcap.net
    	
8,418,615.40
    
	
Z Capital Group, L.L.C.
    	
c/o Z Capital Partners, L.L.C.
   Two Conway Park
   150 Field Dr., Suite 300
   Lake Forest, IL 60045
   Attention: James J. Zenni, Jr., Martin Auerbach and Andrei Scrivens
    	
8,418,615.40
    

 

3

 

	
 
    	
Facsimile: (847) 235-8100
   E-mail: jzenni@zcap.net, mauerbach@zcap.net and ascrivens@zcap.net
    	
 
    
	
Zenni Holdings, L.L.C.
    	
c/o Z Capital Partners, L.L.C.
   Two Conway Park
   150 Field Dr., Suite 300
   Lake Forest, IL 60045
   Attention: James J. Zenni, Jr., Martin Auerbach and Andrei Scrivens
   Facsimile: (847) 235-8100
   E-mail: jzenni@zcap.net, mauerbach@zcap.net and ascrivens@zcap.net
    	
8,418,615.40
    
	
James Joseph Zenni
    	
c/o Z Capital Partners, L.L.C.
   Two Conway Park
   150 Field Dr., Suite 300
   Lake Forest, IL 60045
   Attention: James J. Zenni, Jr., Martin Auerbach and Andrei Scrivens
   Facsimile: (847) 235-8100
   E-mail: jzenni@zcap.net, mauerbach@zcap.net and ascrivens@zcap.net
    	
8,418,615.40
    

 

4

 

Schedule II

 

Merger Agreement

 

(see attached)

 

5

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