Document:

exv10w34xby

 

Exhibit 10.34(b)

GameTech International, Inc.

1997 Incentive Stock Plan

Restricted Stock Agreement

     Unless otherwise defined herein, the terms defined in the 1997 Incentive Stock Plan (the
“Plan”) shall have the same defined meanings in this Restricted Stock Agreement (this “Agreement”).

	I.	 	NOTICE OF RESTRICTED STOCK GRANT

	 	 	 	 	 
	 

	 	Participant:	 	 
	 

	 	 	 	 
	 

	 	Address:	 	 
	 

	 	 	 	 

     The Participant has been granted unvested Common Stock of the Company, subject to the terms
and conditions of the Plan and this Agreement, as follows:

	 	 	 	 	 	 	 
	 	 	Date of Grant:	 	 
	 

	 	 	 	 	 	 
	 	 	Vesting Commencement Date:	 	 
	 

	 	 	 	 	 	 
	 	 	Total Number of Shares Granted:	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	Vesting Schedule: The Shares subject to this Agreement shall vest (and thereby
be free of forfeiture pursuant to Section B of the Agreement) according to the
following vesting schedule:
	 
	 	 	 	 	 	 
	 	 	 	 	25% of the Shares subject to this Award shall vest on the each of the
first four anniversaries of the Vesting Commencement Date so that the
Shares are fully vested on the fourth anniversary of the Vesting
Commencement Date, subject to Participant’s Continuous Service on such
dates. In addition, this Award shall be subject to vesting acceleration
in the event of certain terminations of employment in connection with a
Change in Control pursuant to Section [___ of the Agreement.

	II.	 	AGREEMENT

	 	A.	 	GRANT OF SHARES

          1. Grant. Participant is hereby granted shares of Common Stock (the “Shares”) in the
amount listed in Article I, the Notice of Restricted Stock Grant (the “Notice of Grant”) pursuant
to the provisions of this Agreement and the Plan.

          2. Consideration. With respect to the par value of the Shares, such Shares are
granted in consideration for past services provided by the Participant to the Company. The

 

 

consideration for the remaining value of the Shares is provided and for the services Participant
shall provide to the Company over the vesting period provided in Paragraph B.2.

          3. Other Documents. Participant shall deliver a duly executed blank Assignment
Separate from Certificate (in the form attached hereto as Exhibit I) with respect to the Shares.

          4. Stockholder Rights. Until such time as the Unvested Shares are forfeited pursuant
to Paragraph B.1., Participant (or any successor in interest) shall have all the rights of a
stockholder (including voting, dividend and liquidation rights) with respect to the Shares,
subject, however, to the transfer restrictions of this Agreement.

          5. Escrow. The Company shall have the right to hold the Shares in escrow until those
shares have vested in accordance with Paragraph B.2.

          6. Compliance with Law. Under no circumstances shall shares of Common Stock or other
assets be issued or delivered to Participant pursuant to the provisions of this Agreement unless,
in the opinion of counsel for the Company or its successors, there shall have been compliance with
all applicable requirements of applicable securities laws, all applicable listing requirements of
any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock is at
the time listed for trading and all other requirements of law or of any regulatory bodies having
jurisdiction over such issuance and delivery.

	 	B.	 	FORFEITURE OF SHARES

          1. Forfeiture of Shares. On the date Participant ceases for any reason to remain in
Continuous Service, all of the Shares in which Participant is not, at the time of his or her
termination of Continuous Service, vested, in accordance with the Vesting Schedule in the Notice of
Grant (such shares to be hereinafter referred to as the “Unvested Shares”) shall be forfeited,
shall become the property of the Company and the Participant will no longer have any right to or
ownership of such Shares. The certificates representing the forfeited Unvested Shares shall be
delivered to the Company as soon as possible after the termination of Continuous Service.

          2. Termination of Forfeiture. The forfeiture provided for in this Paragraph B shall terminate in accordance with the
Vesting Schedule in the Notice of Grant.

          3. Other Property. Any new, substituted or additional securities or other property
(including cash paid other than as a regular cash dividend) which is distributed with respect to
the Shares shall be immediately subject to forfeiture pursuant to this Paragraph B and any escrow
requirements hereunder, but only to the extent the Shares are at the time covered by such
forfeiture or escrow requirements. Appropriate adjustments to reflect such distribution shall be
made to the number, kind, type and/or class of securities subject to this Agreement in order to
reflect the effect of any such Recapitalization upon the Company’s capital structure.

          4. Change in Control.

               (a) Vesting Acceleration. If, within the period of time beginning two (2) months prior and
ending twelve (12) months after the consummation of a Change in Control

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transaction, Optionee’s
employment with the Company terminates either as a result of (i) an involuntary termination by the
Company other than for Cause (as defined in the Plan) or (ii) a voluntary termination by Optionee
for Good Reason (as defined in the Plan), then this Option shall become vested and exercisable as
to one hundred percent (100%) of the unexercised outstanding Shares subject to the Option.

	 	C.	 	TRANSFER RESTRICTIONS

          1. Restriction on Transfer. Except for any Permitted Transfer, Participant shall not
transfer, assign, encumber or otherwise dispose of any of the Shares which are Unvested Shares.
For purposes of the Agreement, the term “Permitted Transfer” shall mean (i) a gratuitous transfer
of the Shares, provided and only if Participant obtains the Company’s prior written consent to such
transfer, (ii) a transfer of title to the Shares effected pursuant to Participant’s will or the
laws of inheritance following Participant’s death or (iii) a transfer to the Company in pledge as
security for any purchase-money indebtedness incurred by Participant in connection with the
acquisition of the Shares.

          2. Restrictive Legend. The stock certificate for the Shares shall be endorsed with
the following restrictive legend:

     “THE SHARES REPRESENTED BY THIS CERTIFICATE ARE UNVESTED AND SUBJECT TO
FORFEITURE TO THE COMPANY IN CERTAIN CIRCUMSTANCES AND ACCORDINGLY MAY NOT BE SOLD,
ASSIGNED, TRANSFERRED, ENCUMBERED, OR IN ANY MANNER DISPOSED OF EXCEPT IN CONFORMITY
WITH THE TERMS OF A WRITTEN AGREEMENT BETWEEN THE COMPANY AND THE REGISTERED HOLDER OF
THE SHARES (OR THE PREDECESSOR IN INTEREST TO THE SHARES). A COPY OF SUCH AGREEMENT
IS MAINTAINED AT THE COMPANY’S PRINCIPAL CORPORATE OFFICES.”

          3. Transferee Obligations. Each person (other than the Company) to whom the Shares
are transferred by means of a Permitted Transfer must, as a condition precedent to the validity of
such transfer, acknowledge in writing to the Company that such person is bound by the provisions of
this Agreement and that the transferred shares are subject to the forfeiture provisions to the same
extent such shares would be so subject if retained by Participant.

	 	D.	 	TAX PROVISIONS

          1. Tax Consequences. Participant has reviewed with Participant’s own tax advisors the
federal, state, local and foreign tax consequences of this investment and the transactions
contemplated by this Agreement. Participant is relying solely on such advisors and not on any
statements or representations of the Company or any of its agents. Participant understands that
Participant (and not the Company) shall be responsible for any tax liability that may arise as a
result of the transactions contemplated by this Agreement. Participant understands that Section 83
of the Code, taxes as ordinary income the difference between the

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purchase price for the Shares and
the Fair Market Value of the Shares as of the date any restrictions on the Shares lapse. In this
context, “restriction” includes forfeiture provision pursuant to Paragraph C.1. with respect to the
Unvested Shares. Participant understands that Participant may elect to be taxed at the time the
Shares are granted rather than when and as the forfeiture provision lapses by filing an election
under Section 83(b) of the Code with the IRS within thirty (30) days from the date of grant.
Participant acknowledges that it is Participant’s sole responsibility, and not the Company’s, to
file a timely election under code section 83(b), even if Participant requests the Company or its
representatives to make this filing on his or her behalf.

          2. Withholding Obligations. At the time the Shares subject to this Agreement are
granted, or at any time thereafter as requested by the Company, Participant hereby authorizes
withholding from payroll and any other amounts payable to Participant, including these Shares, and
otherwise agrees to make adequate provision for, any sums required to satisfy the federal, state,
local and foreign tax withholding obligations of the Company or any Parent or Subsidiary, if any,
which arise in connection with the grant of the Shares.

          The Company, in its sole discretion, and in compliance with any applicable legal conditions or
restrictions, may withhold from fully vested Shares otherwise deliverable to Participant upon the
vesting of the Unvested Shares a number of whole Shares having a Fair Market Value, as determined by the Company as of the date of vesting, not in excess of the
amount of tax required to be withheld by law (or such lower amount as may be necessary to avoid
adverse financial accounting treatment). Any adverse consequences to Participant arising in
connection with such share withholding procedure shall be the Participant’s sole responsibility.

          Unless the tax withholding obligations of the Company or any Parent or Subsidiary are
satisfied, the Company shall have no obligation to issue a certificate for such Shares or release
such Shares from any escrow provided for herein.

	 	E.	 	GENERAL PROVISIONS

          1. Assignment. The Company may assign its rights under this Agreement, including, but
not limited to the forfeiture provision of Paragraph C.1., to any person or entity selected by the
Board, including (without limitation) one or more stockholders of the Company.

          2. Employment At Will. Nothing in this Agreement or in the Plan shall confer upon
Participant any right to continue in Service for any period of specific duration or interfere with
or otherwise restrict in any way the rights of the Company (or any Parent or Subsidiary employing
or retaining Participant) or of Participant, which rights are hereby expressly reserved by each, to
terminate Participant’s Service at any time for any reason, with or without cause.

          3. Notices. Any notice required to be given under this Agreement shall be in writing
and shall be deemed effective upon personal delivery or upon deposit in the U.S. mail, registered
or certified, postage prepaid and properly addressed to the party entitled to such notice at the
address indicated below such party’s signature line on this Agreement or at such other

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address as
such party may designate by ten (10) days advance written notice under this paragraph to all other
parties to this Agreement.

          4. No Waiver. The failure of the Company in any instance to enforce the forfeiture
provision or any other term of this Agreement shall not constitute a waiver of any other forfeiture
provision or other term that may subsequently arise under the provisions of this Agreement or any
other agreement between the Company and Participant. No waiver of any breach or condition of this
Agreement shall be deemed to be a waiver of any other or subsequent breach or condition, whether of
like or different nature.

          5. Cancellation of Shares. If the Shares subject to this Agreement are forfeited,
then from and after such time, the person from whom such Shares are forfeited shall no longer have
any rights as a holder of such Shares. Such shares shall be deemed forfeited in accordance with the applicable
provisions hereof, and the Company shall be deemed the owner and holder of such shares, whether or
not the certificates therefor have been delivered as required by this Agreement.

          6. Participant Undertaking. Participant hereby agrees to take whatever additional
action and execute whatever additional documents the Company may deem necessary or advisable in
order to carry out or effect one or more of the obligations or restrictions imposed on either
Participant or the Shares pursuant to the provisions of this Agreement.

          7. Agreement is Entire Contract. This Agreement constitutes the entire contract
between the parties hereto with regard to the subject matter hereof. This Agreement is made
pursuant to the provisions of the Plan and shall in all respects be construed in conformity with
the terms of the Plan. In the event of a conflict between the Plan and this Agreement, the terms
of the Plan shall govern.

          8. Governing Law. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of Nevada without regard to the conflict-of-laws rules thereof or of
any other jurisdiction.

          9. Counterparts. This Agreement may be executed in counterparts, each of which shall
be deemed to be an original, but all of which together shall constitute one and the same
instrument.

          10. Successors and Assigns. The provisions of this Agreement shall inure to the
benefit of, and be binding upon, the Company and its successors and assigns and upon Participant,
Participant’s assigns and the legal representatives, heirs and legatees of Participant’s estate,
whether or not any such person shall have become a party to this Agreement and have agreed in
writing to join herein and be bound by the terms hereof.

          11. Representations.

               (a) Participant agrees upon request to execute any further documents or instruments necessary
or desirable in the sole determination of the Company to carry out the purposes or intent of this
Agreement.

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               (b) Participant acknowledges and agrees that Participant has reviewed the Agreement in its
entirety, has had an opportunity to obtain the advice of counsel prior to executing and accepting
the award and fully understands all provisions of the Agreement.

[The remainder of this page has been intentionally left blank.]

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     IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year first
indicated above.

	 	 	 	 	 	 	 
	 	 	GAMETECH INTERNATIONAL, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Address:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	PARTICIPANT	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	Signature	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 

Signature Page of

Restricted Stock Agreement

 

 

SPOUSAL ACKNOWLEDGMENT

     The undersigned spouse of the Participant has read and hereby approves the foregoing
Restricted Stock Agreement. In consideration of the Company’s granting the Participant the right
to acquire the Shares in accordance with the terms of such Agreement, the undersigned hereby agrees
to be irrevocably bound by all the terms of such Agreement, including (without limitation) the
forfeiture to the Company (or its assigns) any Shares in which the Participant is not vested at the
time of his or her termination of Service.

	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	PARTICIPANT’S SPOUSE
	 	 
	 

	 	Address:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 

 

 

EXHIBIT I

ASSIGNMENT SEPARATE FROM CERTIFICATE

     FOR
VALUE RECEIVED
                                         hereby sell(s), assign(s) and transfer(s) unto
GameTech International, Inc. (the “Company”),
                                         (                    ) shares of the Common
Stock of the Company standing in his or her name on the 

books of the Company represented by
Certificate
No.                      herewith and do(es) hereby irrevocably constitute and appoint
                                         Attorney to transfer the said stock on the books of the Company with
full power of substitution in the premises.

Dated:                                         ,                     .

	 	 	 	 	 	 	 
	 

	 	Signature
	 	 	 	 
	 

	 	 	 	 	 	 

Instruction: Please do not fill in any blanks other than the signature line. Please sign exactly
as you would like your name to appear on the issued stock certificate. The purpose of this
assignment is to enable the Company to enforce the forfeiture provision without requiring
additional signatures on the part of Participant.exv10w34xcy

 

Exhibit 10.34(c)

GameTech International, Inc.

1997 Incentive Stock Plan

Stock Option Agreement

     Unless otherwise defined herein, the terms defined in the 1997 Incentive Stock Plan (the
“Plan”) shall have the same defined meanings in this Stock Option Agreement (this “Option
Agreement”).

I. NOTICE OF STOCK OPTION GRANT

	 	 	 	 	 
	Name:
	 	 	 	 
	 

	 	 

	 	 
	Address:
	 	 	 	 
	 

	 	 

	 	 

     The undersigned Optionee has been granted an Option to purchase Common Stock of the Company,
subject to the terms and conditions of the Plan and this Option Agreement, as follows:

	 	 	 	 	 
	Date of Grant:
	 	 	 	 
	 

	 	 

	 	 
	Vesting Commencement Date:
	 	 	 	 
	 

	 	 

	 	 
	Exercise Price per Share:

	 	$
 

	 	 
	 
	 	 	 	 
	Total Number of Shares Granted:
	 	 	 	 
	 

	 	 

	 	 
	Total Exercise Price:

	 	$
 

	 	 
	 
	 	 	 	 
	Type of Option:
	 	 	 	 
	 

	 	                         Incentive Stock Option	 	 
	 
	 	 	 	 
	 

	 	                         Nonstatutory Stock Option	 	 

     Expiration Date: As provided in Section 3 of this Option Agreement.

Vesting Schedule: This Option shall be vested according to the following
vesting schedule:

25% of the Shares subject to the Option shall vest on the each of the
first four anniversaries of the Vesting Commencement Date so that the
Option is fully vested on the fourth anniversary of the Vesting
Commencement Date, subject to Optionee’s Continuous Service on such
dates. In addition, this Option shall be subject to vesting acceleration
in the event of certain terminations of employment in connection with a
Change in Control pursuant to Section 2(c) of the Option Agreement.

Exercise Schedule: To the extent vested, this Option shall be exercisable
during its term as provided in Section 3 of this Option Agreement.

 

 

II. AGREEMENT

     1. Grant of Option.
The Plan Administrator of the Company hereby grants to the
Optionee named in the Notice of Stock Option Grant (the “Optionee”), an option (the “Option”) to
purchase the number of Shares set forth in the Notice of Stock Option Grant, at the exercise price
per Share set forth in the Notice of Stock Option Grant (the “Exercise Price”), and subject to the
terms and conditions of the Plan, which is incorporated herein by reference. Subject to Section
10(e) of the Plan, in the event of a conflict between the terms and conditions of the Plan and this
Option Agreement, the terms and conditions of the Plan shall prevail. This Option shall be treated
as a Nonstatutory Stock Option, which does not qualify as an “incentive stock option” under Section
422 of the Code.

     2. Exercise of Option.

          (a) Right to Exercise.
This Option shall be exercisable during its term in accordance
with the Vesting Schedule set out in the Notice of Stock Option Grant and with the applicable
provisions of the Plan and this Option Agreement.

          (b) Method of Exercise.
This Option shall be exercisable by delivery of an exercise
notice in the form attached as Exhibit A (the “Exercise Notice”) which shall state the
election to exercise the Option, the number of Shares with respect to which the Option is being
exercised, and such other representations and agreements as may be required by the Company.

     No Shares shall be issued pursuant to the exercise of an Option unless such issuance and such
exercise comply with Applicable Laws. Assuming such compliance, for income tax purposes the Shares
shall be considered transferred to the Optionee on the date on which the Option is exercised with
respect to such Shares.

     The Option shall be deemed exercised when the Company receives (i) written or electronic
notice of exercise (in accordance with this Option Agreement) from the Optionee (or other person
entitled to exercise the Option), and (ii) full payment for the Shares with respect to which the
Option is exercised, and (iii) any other documents required by this Option Agreement or the
Exercise Notice. Full payment may consist of any consideration and method of payment permitted by
this Option Agreement. Shares issued upon exercise of an Option shall be issued in the name of the
Optionee or, if requested by the Optionee, in the name of the Optionee and his or her spouse.
Until the Shares are issued (as evidenced by the appropriate entry on the books of the Company or
of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any
other rights as a stockholder shall exist with respect to the Shares, notwithstanding the exercise
of the Option. The Company shall issue (or cause to be issued) such Shares promptly after the
Option is exercised. No adjustment will be made for a dividend or other right for which the record
date is prior to the date the Shares are issued, except as provided in Section 10(c) of the Plan.

     Exercise of this Option in any manner shall result in a decrease in the number of Shares
thereafter available for sale under the Option, by the number of Shares as to which the Option is
exercised.

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          (c) Vesting Acceleration. If, within the period of time beginning two (2) months
prior and ending twelve (12) months after the consummation of a Change in Control transaction,
Optionee’s employment with the Company terminates either as a result of (i) an involuntary
termination by the Company other than for Cause (as defined in the Plan) or (ii) a voluntary
termination by Optionee for Good Reason (as defined in the Plan), then this Option shall become
vested and exercisable as to one hundred percent (100%) of the unexercised outstanding Shares
subject to the Option.

     3. Term.
Optionee may not exercise the Option before the commencement of its term or
after its term expires. During the term of the Option, Optionee may only exercise the Option to
the extent vested. The term of the Option commences on the Date of Grant and expires upon the
earliest of the following:

          (a) With respect to the unvested portion of the Option, upon termination of Optionee’s
Continuous Service;

          (b) With respect to the vested portion of the Option, sixty (60) days after the termination of
Optionee’s Continuous Service for any reason other than Optionee’s Disability, death or termination
for Cause;

          (c) With respect to the vested portion of the Option, immediately upon the termination of
Optionee’s Continuous Service for Cause;

          (d) With respect to the vested portion of the Option, twelve (12) months after the termination
of Optionee’s Continuous Service due to Optionee’s Disability or death;

          (e) Immediately prior to the close of certain Corporate Transactions, pursuant to Section 9(b)
of the Plan; and

          (f) The day before the tenth (10th) anniversary of the Date of Grant.

     4. Method of Payment.
Payment of the aggregate Exercise Price shall be by any of the
following, or a combination thereof, at the election of the Optionee:

          (a) cash or check;

          (b) in the discretion of the Company, determined at the time of exercise, consideration
received by the Company under a formal broker-assisted stock option exercise program adopted by the
Company in connection with the Plan, if any;

          (c) in the discretion of the Company, determined at the time of exercise, surrender of other
Shares which, (i) in the case of Shares acquired from the Company, either directly or indirectly,
have been owned by the Optionee for such length of time on the date of surrender as required under
the financial accounting rules to a void a compensation expense, and (ii) have a Fair Market Value
on the date of surrender equal to the aggregate Exercise Price of the Exercised Shares; or

          (d) any combination of the foregoing methods.

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     5. Optionee’s Representations.
In the event the Shares have not been registered under
the Securities Act of 1933, as amended (the “Securities Act”), at the time this Option is
exercised, the Optionee shall, if required by the Company, concurrently with the exercise of all or
any portion of this Option, deliver to the Company an investment representation statement in a form
satisfactory to the Company.

     6. Lock-Up Period.
Optionee hereby agrees that Optionee shall not offer, pledge,
sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to
sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of,
directly or indirectly, any Common Stock (or other securities) of the Company or enter into any
swap, hedging or other arrangement that transfers to another, in whole or in part, any of the
economic consequences of ownership of any Common Stock (or other securities) of the Company held by
Optionee (other than those included in the registration) for a period specified by the
representative of the underwriters of Common Stock (or other securities) of the Company not to
exceed ninety (90) days following the effective date of any registration statement of the Company
filed under the Securities Act.

     Optionee agrees to execute and deliver such other agreements as may be reasonably requested by
the Company or the underwriter which are consistent with the foregoing or which are necessary to
give further effect thereto. In addition, if requested by the Company or the representative of the
underwriters of Common Stock (or other securities) of the Company, Optionee shall provide, within
ten (10) days of such request, such information as may be required by the Company or such
representative in connection with the completion of any public offering of the Company’s securities
pursuant to a registration statement filed under the Securities Act. The obligations described in
this Section shall not apply to a registration relating solely to employee benefit plans on Form
S-1 or Form S-8 or similar forms that may be promulgated in the future, or a registration relating
solely to a Commission Rule 145 transaction on Form S-4 or similar forms that may be promulgated in
the future. The Company may impose stop-transfer instructions with respect to the shares of Common
Stock (or other securities) subject to the foregoing restriction until the end of said one hundred
eighty (180) day period.
Optionee agrees that any transferee of the Option or shares acquired pursuant to the Option
shall be bound by this Section.

     7. Restrictions on Exercise.
This Option may not be exercised until such time as the
Plan has been approved by the stockholders of the Company, or if the issuance of such Shares upon
such exercise or the method of payment of consideration for such shares would constitute a
violation of any Applicable Law.

     8. Non-Transferability of Option.
Unless otherwise expressly permitted by the Plan
Administrator in writing, this Option may not be transferred in any manner otherwise than by will
or by the laws of descent or distribution and may be exercised during the lifetime of Optionee only
by Optionee. The terms of the Plan and this Option Agreement shall be binding upon the executors,
administrators, heirs, successors and assigns of the Optionee.

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     9. Withholding Tax Obligations.
Optionee agrees to make appropriate arrangements with
the Company (or the Parent or Subsidiary employing or retaining Optionee) for the satisfaction of
all Federal, state, local and foreign income and employment tax withholding requirements applicable
to the Option exercise. Optionee acknowledges and agrees that the Company may refuse to honor the
exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of
exercise.

     10. Entire Agreement; Governing Law.
The Plan is incorporated herein by reference.
The Plan and this Option Agreement constitute the entire agreement of the parties with respect to
the subject matter hereof and supersede in their entirety all prior undertakings and agreements of
the Company and Optionee with respect to the subject matter hereof, and may not be modified
adversely to the Optionee’s interest except by means of a writing signed by the Company and
Optionee. This agreement is governed by the internal substantive laws but not the choice of law
rules of Nevada.

     11. No Guarantee of Continued Service.
OPTIONEE ACKNOWLEDGES AND AGREES THAT THE
VESTING OF SHARES PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE
PROVIDER AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS OPTION
OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE
TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN
EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD,
FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE IN ANY WAY WITH OPTIONEE’S RIGHT OR THE
COMPANY’S RIGHT TO TERMINATE OPTIONEE’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR
WITHOUT CAUSE.

[The remainder of this page has been intentionally left blank.]

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     Optionee acknowledges receipt of a copy of the Plan and represents that he or she is familiar
with the terms and provisions thereof, and hereby accepts this Option subject to all of the terms
and provisions thereof. Optionee has reviewed the Plan and this Option in their entirety, has had
an opportunity to obtain the advice of counsel prior to executing this Option and fully understands
all provisions of the Option. Optionee hereby agrees to accept as binding, conclusive and final
all decisions or interpretations of the Administrator upon any questions arising under the Plan or
this Option. Optionee further agrees to notify the Company upon any change in the residence
address indicated below.

	 	 	 
	Optionee

	 	GameTech International, Inc.
	 
	 	 
	 

	 	 
	Signature

	 	By
	 
	 	 
	 

	 	 
	Print Name

	 	Title
	 
	 	 
	 

	 	 
	 

Residence Address

	 	 

Signature
Page of

Stock Option Agreement

 

 

EXHIBIT A

GameTech International, Inc.

1997 Incentive Stock Plan

Exercise Notice

GameTech International, Inc.

900 Sandhill Road

Reno, Nevada 89521

     Attention:

     1. Exercise
of Option. Effective as of today,                     , ___, the undersigned
(“Optionee”) hereby elects to exercise
Optionee’s option to purchase
                     shares of the Common
Stock (the “Shares”) of GameTech International, Inc. (the “Company”) under and pursuant to the 1997
Incentive Stock Plan (the “Plan”) and the
Stock Option Agreement dated
                    , ___ (the
“Option Agreement”).

     2. Delivery of Payment. Optionee herewith delivers to the Company the full purchase
price of the Shares, as set forth in the Option Agreement, and any and all withholding taxes due in
connection with the exercise of the Option.

     3. Representations of Optionee. Optionee acknowledges that Optionee has received,
read and understood the Plan and the Option Agreement and agrees to abide by and be bound by their
terms and conditions.

     4. Rights as Stockholder. Until the issuance of the Shares (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized transfer agent of the
Company), no right to vote or receive dividends or any other rights as a stockholder shall exist
with respect to the Shares, notwithstanding the exercise of the Option. The Shares shall be issued
to the Optionee as soon as practicable after the Option is exercised in accordance with the Option
Agreement. No adjustment shall be made for a dividend or other right for which the record date is
prior to the date of issuance except as provided in Section 10(c) of the Plan.

     5. Tax Consultation. Optionee understands that Optionee may suffer adverse tax
consequences as a result of Optionee’s purchase or disposition of the Shares. Optionee represents
that Optionee has
consulted with any tax consultants Optionee deems advisable in connection with the purchase or
disposition of the Shares and that Optionee is not relying on the Company for any tax advice.

     6. Interpretation. Any dispute regarding the interpretation of this Exercise Notice
shall be submitted by Optionee or by the Company forthwith to the Administrator which shall review
such dispute at its next regular meeting. The resolution of such a dispute by the Administrator
shall be final and binding on all parties.

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     7. Governing Law; Severability. This Exercise Notice is governed by the internal
substantive laws but not the choice of law rules, of Nevada. In the event that any provision
hereof becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or
void, this Option Agreement will continue in full force and effect.

     8. Entire Agreement. The Plan and Option Agreement are incorporated herein by
reference. This Exercise Notice, the Plan and the Option Agreement constitute the entire agreement
of the parties with respect to the subject matter hereof and supersede in their entirety all prior
undertakings and agreements of the Company and Optionee with respect to the subject matter hereof,
and may not be modified adversely to the Optionee’s interest except by means of a writing signed by
the Company and Optionee.

[The remainder of this page has been intentionally left blank.]

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     IN WITNESS WHEREOF, the undersigned have executed this Exercise Notice for the Option
Agreement on the respective dates set forth below.

	 	 	 
	Optionee

	 	GameTech International, Inc.
	 
	 	 
	 

	 	 
	Signature

	 	By
	 
	 	 
	 

	 	 
	Print Name

	 	Title
	 
	 	 
	 

	 	 
	 

Residence Address

	 	 
	 
	 	 
	 

Date

	 	 

Signature
Page of

Stock Option Exercise
Notice

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