Document:

Unassociated Document

    SECOND
      AMENDED AND RESTATED JOINT VENTURE AGREEMENT

     

    THIS
      SECOND AMENDMENT AND RESTATED JOINT VENTURE AGREEMENT
 (the
      “Agreement”)
      is
      made as of August 31, 2006 (the “Effective
      Date”),
      by
      and between Solidus
      Networks, Inc.,
      a
      Delaware corporation (“PBT”),
      and
WinWin
      Gaming, Inc.,
      a
      Delaware corporation (“WinWin”).
      PBT
      and WinWin are each referred to in this Agreement as a “Party”
and
      collectively as the “Parties.”

     

    RECITALS

     

    A. On
      September 30, 2005, the Parties entered into a Joint Venture Agreement (the
“Original
      Agreement”)
      in
      order to establish a framework for cooperation through joint marketing and
      other
      efforts in order to gain mutual benefit by taking advantage of the relationships
      and synergies between their respective businesses.

     

    B. On
      April
      14, 2006, the Parties amended and restated the Original Agreement and entered
      into an Amended and Restated Joint Venture Agreement (the “Restated
      Agreement”).

     

    C. The
      Parties now desire to amend and restate the Restated Agreement in order to
      expand the scope of the joint venture established by the Parties under the
      Original Agreement and the Restated Agreement.

     

    D. Contemporaneously
      with the execution and delivery hereof, PBT entered into voting agreements
      with
      certain holders of WinWin common stock relating to the approval of the Restated
      Charter (as defined below) and certain other items as set forth
      therein. 

     

    E. By
      agreements dated April 21, 2006 and June 13, 2006, the maturity date of the
      Note
      (as defined below) has been extended to September 30, 2006.

     

    NOW,
      THEREFORE,
      in
      consideration of the mutual covenants and agreements set forth in this
      Agreement, and for other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, the Parties agree as
      follows:

     

    AGREEMENT

     

    1. Purchase
      and Sale; Authority.

     

    (a) Authorization.
      WinWin’s Board of Directors has approved the terms of this Agreement and all
      exhibits attached hereto, including authorizing the issuance and sale, pursuant
      to the terms and conditions of this Agreement, of shares of the Series A-1
      Preferred Stock of WinWin, par value $0.01 per share (the “WinWin
      Series A-1 Shares”),
      and
      Series A Preferred Stock of WinWin, par value $0.01 per share (the “WinWin
      Series A Shares
      and,
      together with the WinWin Series A-1 Shares, the “WinWin Shares”).

     

    (b) Agreement
      to Purchase and Sell.
      Subject
      to the terms and conditions of this Agreement, PBT agrees to purchase, and
      WinWin agrees to sell and issue to PBT at each Closing (as defined in
      Section 2), that number and series of WinWin Shares to be issued and sold
      to PBT at each Closing, as set forth in Section 2. The purchase price of
      each WinWin Share at each Closing (the “Purchase
      Price”)
      shall
      be $79.10 for the WinWin Series A-1 Shares and $7.91 for the WinWin Series
      A
      Shares.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    2. Closings.
      

     

    (a) Initial
      Closing.
      An
      initial Closing (the “Initial
      Closing”)
      of the
      purchase and sale of WinWin Shares shall take place at the offices of Cooley
      Godward llp,
      101
      California Street, 5th
      Floor,
      San Francisco, California, at 10:00 a.m. Pacific time, on the date that is
      three
      business days following the date on which the parties have satisfied all of
      the
      conditions to the Initial Closing (the “Initial
      Closing Date”);
      provided,
      that
      the Initial Closing shall only occur, if at all, on such date that is chosen
      by
      PBT; and provided
      further, that
      the
      Initial Closing shall occur, if at all, on or prior to September 30, 2006.
      At the Initial Closing, PBT shall purchase, and WinWin shall issue and sell,
      against delivery of payment therefor, a number of WinWin Shares (the
“Initial
      Closing WinWin Shares”)
      such
      that, following the issuance of the Initial Closing WinWin Shares, PBT will
      hold
      19% of the outstanding capital stock of WinWin on an as-converted-to-common
      basis, and WinWin shall authorize its transfer agent to issue to PBT a
      certificate registered in the name of PBT, representing the Initial Closing
      WinWin Shares and bearing the legend set forth in Section 4(x)(vi). The
      purchase price for the Initial Closing WinWin Shares will be paid by PBT’s
      delivery to WinWin at the Initial Closing of (i) that certain original
      promissory note issued by WinWin to PBT and dated as of September 30, 2005
      and
      with a principal amount of $2.5 million (the “Note”),
      all
      principal and accrued interest on which shall be canceled in exchange for a
      number of Initial Closing WinWin Shares equal to the quotient obtained by
      dividing the principal and accrued interest under the Note by the Purchase
      Price
      and, (ii) a number of fully paid and nonassessable newly issued shares of
      PBT Series C Preferred Stock (the “Initial
      Closing PBT Shares”),
      each
      with a deemed value of $5.00, which shares will have the rights, preferences
      and
      privileges as set forth in PBT’s Amended and Restated Certificate of
      Incorporation as in effect as of the date of this Agreement (the “PBT
      Charter”).
      In
      advance of the Initial Closing the PBT Board of Directors shall have authorized
      the issuance and sale to WinWin of the Initial Closing PBT Shares, and shall
      have reserved a sufficient number of shares of the common stock of PBT (the
      “PBT
      Common Stock”)
      for
      issuance upon the conversion of the Initial Closing PBT Shares.

     

    (b) Second
      Closing.
      A
      second Closing (the “Second
      Closing”)
      of the
      purchase and sale of WinWin Shares shall take place at the offices of Cooley
      Godward llp,
      101
      California Street, 5th
      Floor,
      San Francisco, California, at 10:00 a.m. Pacific time, at PBT’s sole option, at
      any time after the Initial Closing Date and on or before the one-year
      anniversary of the date of this Agreement (the “Second
      Closing Date”).
      At
      the Second Closing, PBT shall purchase, and WinWin shall issue and sell, against
      delivery of payment therefor, a number of WinWin Shares (the “Second
      Closing WinWin Shares”)
      such
      that, following the issuance of the Second Closing WinWin Shares, PBT will
      hold,
      at PBT’s option, up to 35% of the capital stock of WinWin on a fully diluted,
      as-converted-to-common basis, and WinWin shall authorize its transfer agent
      to
      issue to PBT a certificate registered in the name of PBT, representing the
      Second Closing WinWin Shares and bearing the legend set forth in
      Section 4(x)(vi). The purchase price for the Second Closing WinWin Shares
      will be paid by PBT’s delivery to WinWin at the Second Closing, at PBT’s option,
      of (i) cash, (ii) fully paid and nonassessable newly issued shares of
      PBT’s Series C Preferred Stock (the “Second
      Closing PBT Shares”),
      each
      with a deemed value of $5.00, which shares will have the rights, preferences
      and
      privileges accorded to such shares in the PBT Charter, or (iii) a
      combination of cash and Second Closing PBT Shares. In advance of the Second
      Closing the PBT Board of Directors shall have authorized the issuance and sale
      to WinWin of the Second Closing PBT Shares, and shall have reserved a sufficient
      number of shares of PBT Common Stock for issuance upon the conversion of the
      Second Closing PBT Shares. In no event shall the Second Closing occur following
      the date on which this Agreement has terminated in accordance with Section
      13
      hereof. The Initial Closing PBT Shares and the Second Closing PBT Shares are
      referred to collectively as the “PBT
      Shares.”
The
      Initial Closing and the Second Closing are referred to collectively as the
      “Closings”
and
      individually as a “Closing.”

     

    
      
        
        

      

      
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    (c) Series
      of WinWin Shares to be Issued.
      The
      WinWin Shares issued at any Closing shall be WinWin Series A-1 Shares if such
      Closing occurs before the Restated Charter (as defined below) becomes effective
      and WinWin Series A Shares if such Closing occurs after such Restated Charter
      becomes effective.

     

    3. Representations
      and Warranties of WinWin.
      WinWin
      hereby represents and warrants to PBT that, except as set forth in the SEC
      Documents (as defined below) or in the Disclosure Schedule delivered by WinWin
      to PBT as of the date of this Agreement (the “WinWin
      Disclosure Schedule”)
      (for
      purposes of this Section 3 (other than Sections 3(b), 3(d), 3(e), 3(k)
      and 3(w)), all references to “WinWin” shall include each other entity in which
      WinWin holds, beneficially or of record, a controlling interest, either directly
      or indirectly):

     

    (a) Organization
      Good Standing and Qualification.
      WinWin
      is a corporation duly organized, validly existing and in good standing under
      the
      laws of the State of Delaware and has all corporate power and authority required
      to (i) carry on its business as presently conducted and (ii) enter
      into this Agreement and the other agreements, instruments and documents
      contemplated hereby, and to consummate the transactions contemplated hereby
      and
      thereby. WinWin is qualified to do business and is in good standing in each
      jurisdiction in which the failure to so qualify would have a Material Adverse
      Effect. As used in this Agreement, “Material
      Adverse Effect”
means
      a
      material adverse effect on, or a material adverse change in, or a group of
      such
      effects on or changes in, the business, operations, financial condition, results
      of operations, assets or liabilities of the relevant Party and its subsidiaries,
      taken as a whole.

     

    (b) Capitalization.
      The
      capitalization of WinWin, assuming the issuance of no WinWin Shares at any
      Closing, is as follows:

     

    (i) the
      authorized capital stock of WinWin consists of 300,000,000 shares of Common
      Stock, $0.01 par value per share (“WinWin
      Common Stock”)
      and
      10,000,000 shares of preferred stock, $0.01 par value per share (“WinWin
      Preferred Stock”),
      of
      which 6,000,000 shares of WinWin Preferred Stock will be designated as Series
      A-1 Preferred Stock upon the filing of WinWin’s Certificate of Designation of
      Preferences of Series A-1 Preferred Stock, in the form attached hereto as
Exhibit
      G
      (the
“Designation”);
      upon
      the filing and acceptance of the Designation, shares of WinWin Series A-1
      Preferred Stock shall have the rights, preferences, privileges and restrictions
      set forth in the Designation.

     

    (ii) the
      issued and outstanding capital stock of WinWin consists of
      63,692,171 shares
      of
      WinWin Common Stock. The shares of issued and outstanding capital stock of
      WinWin have been duly authorized and validly issued, are fully paid and
      nonassessable and have not been issued in violation of, or are not otherwise
      subject to, any preemptive or other similar rights.

     

    
      
        
        

      

      
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    (iii) there
      are
      no issued and outstanding shares of WinWin Preferred Stock.

     

    (iv) WinWin
      has (A) 14,099,026 shares of WinWin Common Stock reserved for issuance upon
      exercise of outstanding options granted under WinWin’s 2003 Stock Plan (the
“Option
      Plan”)
      and
      (B) 17,582,161
      shares
      of WinWin Common Stock reserved for issuance upon exercise of outstanding
      warrants.

     

    (v) WinWin
      has 5,900,974 shares
      of
      WinWin Common Stock available for future grant under the Option
      Plan.

     

    With
      the
      exception of the foregoing in this Section 3(b), there are no outstanding
      subscriptions, options, warrants, convertible or exchangeable securities or
      other rights granted to or by WinWin to purchase shares of WinWin Common Stock
      or other securities of WinWin and there are no commitments, plans or
      arrangements to issue any shares of WinWin Common Stock or any security
      convertible into or exchangeable for WinWin Common Stock.

     

    (c) Subsidiaries.
      WinWin
      does not have any subsidiaries, and does not own any capital stock of, assets
      comprising the business of, obligations of, or any other interest (including
      any
      equity or partnership interest) in, any person or entity.

     

    (d) Due
      Authorization.
      All
      corporate actions on the part of WinWin necessary for the authorization,
      execution, delivery of, and the performance of all obligations of WinWin under
      this Agreement and the authorization, issuance, reservation for issuance and
      delivery of all of the WinWin Shares being sold under this Agreement have been
      taken, no further consent or authorization of WinWin’s Board of Directors or its
      stockholders is required, and this Agreement constitutes the legal, valid and
      binding obligation of WinWin, enforceable against WinWin in accordance with
      its
      terms, except (i) as may be limited by (A) applicable bankruptcy,
      insolvency, reorganization or others laws of general application relating to
      or
      affecting the enforcement of creditors’ rights generally and (B) the effect
      of rules of law governing the availability of equitable remedies and
      (ii) as rights to indemnity or contribution may be limited under federal or
      state securities laws or by principles of public policy thereunder.

     

    (e) Valid
      Issuance of WinWin Shares.

     

    (i) Purchased
      Shares.
      The
      WinWin Shares will be, upon payment therefor by PBT in accordance with this
      Agreement, duly authorized, validly issued, fully paid and non-assessable,
      free
      from all taxes, liens, claims and encumbrances with respect to the issuance
      of
      such WinWin Shares (other than any liens, claims or encumbrances created by
      or
      imposed upon PBT) and will not be subject to any pre-emptive rights or similar
      rights.

     

    
      
        
        

      

      
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    (ii) Underlying
      Shares of Common Stock.
      The
      issuance of the shares of WinWin Common Stock issued or issuable from time
      to
      time upon the conversion of the WinWin Shares (the “Underlying
      WinWin Shares”)
      will
      be, and at all times prior to such conversion, will have been, duly authorized,
      duly reserved for issuance upon such conversion, and will be, upon such
      conversion, validly issued, fully-paid and non-assessable free from all taxes,
      liens, claim, encumbrances with respect to the issuance of such shares and
      will
      not be subject to any pre-emptive rights or similar rights. 

     

    (iii) Compliance
      with Securities Laws.
      Subject
      to the accuracy of the representations made by PBT in Section 4(x), the
      WinWin Shares (assuming no change in applicable law and no unlawful distribution
      of the WinWin Shares by PBT or other parties) will be issued to PBT in
      compliance with applicable exemptions from (A) the registration and
      prospectus delivery requirements of the Securities Act of 1933, as amended
      (the
“Securities
      Act”)
      and
      (B) the registration and qualification requirements of all applicable
      securities laws of the states of the United States.

     

    (f) Governmental
      Consents.
      No
      consent, approval, order or authorization of, or registration, qualification,
      designation, declaration or filing with, or notice to, any
      federal, state or local governmental authority or self regulatory
      agency
      on the
      part of WinWin is required in connection with the issuance of the WinWin Shares
      to PBT, or the consummation of the other transactions contemplated by this
      Agreement, except (i) such filings as have been made prior to the date
      hereof and (ii) such additional post-Closing filings as may be required to
      comply with applicable state and federal securities laws.

     

    (g) Non-Contravention.
      The
      execution, delivery and performance of this Agreement by WinWin, and the
      consummation by WinWin of the transactions contemplated hereby (including
      issuance of the WinWin Shares), do not: (i) contravene or conflict with the
      Certificate of Incorporation of WinWin, as amended and in effect as of the
      date
      of this Agreement (the “WinWin Certificate
      of Incorporation”),
      the
      Designation or the Bylaws of WinWin (the “WinWin Bylaws”);
      (ii) constitute a violation of any provision of any federal, state, local
      or foreign law, rule, regulation, order or decree applicable to WinWin; or
      (iii) constitute a default or require any consent under, give rise to any
      right of termination, cancellation or acceleration of, or to a loss of any
      material benefit to which WinWin is entitled under, or result in the creation
      or
      imposition of any lien, claim or encumbrance on any assets of WinWin under,
      any
      material mortgage, indenture, contract, agreement, permit, license or instrument
      to which WinWin or any of its subsidiaries is a party or by which WinWin or
      any
      of its subsidiaries is bound or subject.

     

    (h) Litigation.
      There
      is no action, suit, proceeding, claim, arbitration or investigation
      (“Action”)
      pending or, to WinWin’s knowledge, threatened in writing: (i) against
      WinWin, its activities, properties or assets, or any officer, director or,
      to
      WinWin’s knowledge, employee of WinWin in connection with such officer’s,
      director’s or employee’s relationship with, or actions taken on behalf of,
      WinWin, that is reasonably likely to have a Material Adverse Effect on WinWin;
      or (ii) that seeks to prevent, enjoin, alter, challenge or delay the
      transactions contemplated by this Agreement (including the issuance of the
      WinWin Shares). WinWin is not a party to or subject to the provisions of, any
      order, writ, injunction, judgment or decree of any court or government agency
      or
      instrumentality. No Action is currently pending nor does WinWin intend to
      initiate any Action that is reasonably likely to have a Material Adverse Effect
      on WinWin.

     

    
      
        
        

      

      
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    (i) Compliance
      with Law and Charter Documents.
      WinWin
      is not in violation or default of any provisions of the WinWin Certificate
      of
      Incorporation or the WinWin Bylaws. WinWin has complied and is currently in
      compliance with all applicable statutes, laws, rules, regulations and orders
      of
      the United States of America and all states thereof, foreign countries and
      other
      governmental bodies and agencies having jurisdiction over WinWin’s business or
      properties, except for any instance of non-compliance that has not had, and
      would not reasonably be expected to have, a Material Adverse Effect on
      WinWin. WinWin has
      all
      franchises, permits, licenses and any similar authority necessary for the
      conduct of its business as now being conducted by it and as presently proposed
      to be conducted, the lack of which could materially and adversely affect the
      business, properties or financial condition of WinWin.

     

    (j) Full
      Disclosure.
       WinWin
      has provided PBT with all information requested by PBT in connection with its
      decision to purchase the WinWin Shares. To WinWin’s knowledge, neither this
      Agreement, the exhibits hereto, nor any other document delivered by WinWin
      to
      PBT or its attorneys or agents in connection herewith or therewith at the
      Initial Closing or with the transactions contemplated hereby or thereby, contain
      any untrue statement of a material fact nor, to WinWin’s knowledge, omit to
      state a material fact necessary in order to make the statements contained herein
      or therein, in light of the circumstances in which they were made, not
      misleading. Without limiting the foregoing, (i) WinWin has disclosed to PBT
      or
      the Representatives of PBT all significant or pending transactions with
      customers, vendors, stockholders, affiliates and other current and potential
      contracting parties and (ii) the April 4, 2006 letter regarding WinWin China
      Business Clarifications from Mark Galvin of WinWin to Gus Spanos of PBT is
      true,
      correct and complete in all material respects.

     

    (k) SEC
      Documents.

     

    (i) Reports.
      WinWin
      has filed in a timely manner all reports, schedules, forms, statements and
      other
      documents required to be filed by it with the Securities and Exchange Commission
      (the “SEC”)
      pursuant to the reporting requirements of the Securities Exchange Act of 1934,
      as amended (the “Exchange
      Act”),
      and
      the rules and regulations promulgated thereunder. WinWin has made available
      to
      PBT prior to the date hereof copies of its Annual Report on Form 10-K for the
      fiscal year ended December 31, 2005 (the “Form
      10-KSB”),
      its
      Quarterly Reports on Forms 10-QSB for the first and second quarters of the
      fiscal year ending December 31, 2006 (the "Forms
      10-QSB")
      any
      information statement or proxy statement filed by WinWin since December 31,
      2005, and any Current Report on Form 8-K for events occurring since
      December 31, 2005 (“Forms
      8-K”)
      filed
      by WinWin with the SEC (the Form 10-KSB, the Forms 10-QSB, the information
      statements and proxy statements referenced above and the Forms 8-K are
      collectively referred to herein as the “SEC
      Documents”).
      Each
      of the SEC Documents, as of the respective dates thereof, did not contain any
      untrue statement of a material fact or omit to state a material fact necessary
      in order to make the statements made therein, in light of the circumstances
      under which they were made, not misleading. Each SEC Document, as it may have
      been subsequently amended by filings made by WinWin with the SEC prior to the
      date hereof, complied in all material respects with the requirements of the
      Exchange Act and the rules and regulations of the SEC promulgated thereunder
      applicable to such SEC Document.

     

    
      
        
        

      

      
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    (ii) Sarbanes-Oxley.
      The
      Chief Executive Officer and the Chief Financial Officer of WinWin have signed,
      and WinWin has furnished to the SEC, all certifications required by
      Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 (“SOX”).
      Such
      certifications contain no qualifications or exceptions to the matters certified
      therein and have not been modified or withdrawn; and neither WinWin nor any
      of
      its officers has received notice from any governmental entity questioning or
      challenging the accuracy, completeness, form or manner of filing or submission
      of such certifications. WinWin is otherwise in compliance in all material
      respects with all applicable effective provisions of SOX and the rules and
      regulations issued thereunder by the SEC.

     

    (iii) Financial
      Statements.
      The
      financial statements of WinWin in the SEC Documents present fairly, in
      accordance with United States generally accepted accounting principles
      (“GAAP”),
      consistently applied, the financial position of WinWin as of the dates
      indicated, and the results of its operations and cash flows for the periods
      therein specified, subject, in the case of unaudited financial statements for
      interim periods, to normal year-end audit adjustments. There are no material
      financial transactions or arrangements that are not reflected on the financial
      statements included in the SEC Documents.

     

    (iv) Sufficiency
      of Disclosure.
      To
      WinWin’s knowledge, no circumstance exists that could reasonably be expected to
      lead to a restatement of any filing made by WinWin with the SEC. 

     

    (l) Absence
      of Certain Changes Since the Balance Sheet Date.
      Except
      as set forth in the WinWin Disclosure Schedule, since December 31, 2005, the
      business and operations of WinWin have been conducted in the ordinary course
      consistent with past practice, and there has not been:

     

    (i) any
      declaration, setting aside or payment of any dividend or other distribution
      of
      the assets of WinWin with respect to any shares of capital stock of the WinWin
      or any repurchase, redemption or other acquisition by WinWin or any subsidiary
      of WinWin of any outstanding shares of the WinWin’s capital stock;

     

    (ii) any
      damage, destruction or loss, whether or not covered by insurance, except for
      such occurrences, individually and collectively, that have not had, and would
      not reasonably be expected to have, a Material Adverse Effect on
      WinWin;

     

    (iii) any
      waiver by WinWin of a valuable right or of a material debt owed to it, except
      for such waivers, individually and collectively, that have not had, and would
      not reasonably be expected to have, a Material Adverse Effect on
      WinWin;

     

    (iv) any
      material change or amendment to, or any waiver of any material right under
      a
      material contract or arrangement by which WinWin or any of its assets or
      properties is bound or subject;

     

    (v) any
      change by WinWin in its accounting principles, methods or practices or in the
      manner in which it keeps its accounting books and records, except any such
      change required by a change in GAAP or by the SEC; or

     

    
      
        
        

      

      
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    (vi) any
      other
      event or condition of any character, except for such events and conditions
      that
      have not resulted, and are not expected to result, either individually or
      collectively, in a Material Adverse Effect on WinWin.

     

    (m) Intellectual
      Property.

     

    (i) WinWin
      owns or possesses sufficient rights to use all patents, patent rights,
      inventions, trade secrets, know-how, trademarks, service marks, trade names,
      copyrights, information and other proprietary rights and processes
      (collectively, “Intellectual
      Property”)
      that
      are necessary to conduct its businesses as currently conducted or as proposed
      to
      be conducted, free and clear of all liens, encumbrances and other adverse
      claims, except where the failure to own or possess such Intellectual Property
      free and clear of all liens, encumbrances and other adverse claims would not
      reasonably be expected to result, either individually or in the aggregate,
      in a
      Material Adverse Effect on WinWin. 

     

    (ii) WinWin
      has not received any written notice of, and has no knowledge of, any
      infringement of or conflict with rights of others with respect to any
      Intellectual Property used by WinWin to conduct its business as conducted or
      as
      proposed to be conducted and WinWin has no knowledge of any infringement,
      misappropriation or other violation of any Intellectual Property by any third
      party, which, in either case, either individually or in the aggregate, if the
      subject of an unfavorable decision, ruling or finding, would reasonably be
      expected to have a Material Adverse Effect on WinWin.

     

    (iii) WinWin
      neither owns nor licenses any patent rights.

     

    (iv) Each
      employee, consultant and contractor of WinWin who has had access to the
      Intellectual Property has executed a valid and enforceable agreement to maintain
      the confidentiality of such Intellectual Property and assigning all rights
      to
      WinWin to any inventions, improvements, discoveries or information relating
      to
      the business of WinWin. WinWin is not aware that any of its employees is
      obligated under any contract (including licenses, covenants or commitments
      of
      any nature) or other agreement, or subject to any judgment, decree or order
      of
      any court or administrative agency, that would interfere with their duties
      to
      WinWin or that would conflict with WinWin’s business.

     

    (v) WinWin
      is
      not subject to any “open source” or “copyleft” obligations or otherwise required
      to make any public disclosure or general availability of source code either
      used
      or developed by WinWin.

     

    (n) Registration
      Rights.
      Except
      for the WinWin Registration Rights Agreement, in substantially the form attached
      hereto as Exhibit A
      (the
“WinWin
      Registration Rights Agreement”),
      WinWin is not currently subject to any agreement providing any person or entity
      any rights (including piggyback registration rights) to have any securities
      of
      WinWin registered with the SEC or registered or qualified with any other
      governmental authority.

     

    (o) Title
      to Property and Assets.
       The
      properties and assets of WinWin are owned or leased by WinWin free and clear
      of
      all mortgages, deeds of trust, liens, charges, encumbrances and security
      interests except for (i) statutory liens for the payment of current taxes
      that are not yet delinquent and (ii) liens, encumbrances and security
      interests that arise in the ordinary course of business and do not in any
      material respect affect the properties and assets of WinWin. With respect to
      the
      property and assets it leases, WinWin is in compliance with such leases in
      all
      material respects.

     

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

    

     

    (p) Taxes.
      WinWin
      has filed or has valid extensions of the time to file all necessary federal,
      state, local and foreign income and franchise tax returns due prior to the
      date
      hereof and has paid or accrued all taxes shown as due thereon, and WinWin has
      no
      knowledge of any material tax deficiency which has been or might be asserted
      or
      threatened against it.

     

    (q) Insurance.
      WinWin
      maintains insurance of the types and in the amounts that are reasonable for
      companies conducting the business conducted and proposed to be conducted by
      WinWin, all of which insurance is in full force and effect.

     

    (r) Labor
      Relations.
      No
      material labor dispute exists or, to the knowledge of WinWin, is imminent with
      respect to any of the employees of WinWin.

     

    (s) Internal
      Accounting Controls.
      WinWin
      and the Subsidiaries maintain a system of internal accounting controls
      sufficient to provide reasonable assurance that (i) transactions are
      executed in accordance with management’s general or specific authorizations,
      (ii) transactions are recorded as necessary to permit preparation of
      financial statements in conformity with GAAP and to maintain asset
      accountability, (iii) access to assets is permitted only in accordance with
      management’s general or specific authorization and (iv) the recorded
      accountability for assets is compared with the existing assets at reasonable
      intervals and appropriate action is taken with respect to any
      differences.

     

    (t) Transactions
      With Officers and Directors.
      None of
      the officers or directors of WinWin has entered into any transaction with WinWin
      or any subsidiary that would be required to be disclosed pursuant to Item
      404(a), (b) or (c) of Regulation S-K of the SEC.

     

    (u) Investment
      Company.
      WinWin
      is not now, and after the sale of the WinWin Shares under this Agreement and
      the
      application of the net proceeds from the sale of the WinWin Shares will not
      be,
      an “investment company” within the meaning of the Investment Company Act of
      1940, as amended.

     

    (v) Executive
      Officers.
       To
      the
      knowledge of WinWin, no executive officer or person nominated to become an
      executive officer of WinWin (i) has been convicted in a criminal proceeding
      or is a named subject of a pending criminal proceeding (excluding minor traffic
      violations) or (ii) is or has been subject to any judgment or order of, the
      subject of any pending civil or administrative action by the SEC or any
      self-regulatory organization.

     

    (w) Investment
      Representations and Warranties.

     

    (i) Purchase
      for Own Account.
      WinWin
      represents that it is acquiring the PBT Shares solely for its own account and
      beneficial interest for investment and not for sale or with a view to
      distribution of the PBT Shares or any part thereof, has no present intention
      of
      selling (in connection with a distribution or otherwise), granting any
      participation in, or otherwise distributing the same, and does not presently
      have reason to anticipate a change in such intention.

     

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

    

     

    (ii) Information
      and Sophistication.
      Without
      lessening or obviating the representations and warranties of PBT set forth
      in
      Section 4, WinWin hereby acknowledges that it has had an opportunity
      to ask questions and receive answers from PBT regarding the terms and conditions
      of the offering of the PBT Shares and further represents that it has such
      knowledge and experience in financial and business matters that it is capable
      of
      evaluating the merits and risk of this investment.

     

    (iii) Ability
      to Bear Economic Risk.
      WinWin
      acknowledges that investment in the PBT Shares involves a high degree of risk,
      and represents that it is able, without materially impairing its financial
      condition, to hold the PBT Shares for an indefinite period of time and to suffer
      a complete loss of its investment.

     

    (iv) Accredited
      Investor Status.
      WinWin
      is an “accredited investor” within the meaning of Regulation D promulgated under
      the Securities Act.

     

    (v) Restricted
      Securities.
      WinWin
      understands that the PBT Shares have not been registered under the Securities
      Act and will not sell, offer to sell, assign, pledge, hypothecate or otherwise
      transfer any of the PBT Shares unless (A) pursuant to an effective
      registration statement under the Securities Act, (B) such holder provides
      PBT with an opinion of counsel, in form and substance reasonably acceptable
      to
      PBT, to the effect that a sale, assignment or transfer of the PBT Shares may
      be
      made without registration under the Securities Act and the transferee agrees
      to
      be bound by the terms and conditions of this Agreement, (C) such holder
      provides PBT with reasonable assurances (in the form of seller and broker
      representation letters) that the PBT Shares or the PBT Conversion Shares, as
      the
      case may be, can be sold pursuant to Rule 144 promulgated under the Securities
      Act (“Rule
      144”)
      or
      (D) pursuant to Rule 144(k) promulgated under the Securities Act following
      the applicable holding period. 

     

    (vi) Legends.
      WinWin
      agrees that the certificates for the PBT Shares shall bear the following
      legend:

     

    THESE
      SECURITIES HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION
      OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
      REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
      ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
      EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN
      AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
      REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
      SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR
      TO
      SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE
      COMPANY. 

     

    
      
        
        

      

      
        -10-

        
          

        

      

      
        
        

      

    

    

     

    WinWin
      agrees that PBT may place stop transfer orders with its transfer agent with
      respect to such certificates in order to implement the restrictions on transfer
      set forth in this Agreement. The appropriate portion of the legend and the
      stop
      transfer orders will be removed promptly upon delivery to PBT of such
      satisfactory evidence as reasonably may be required by PBT that such legend
      or
      stop orders are not required to ensure compliance with the Securities
      Act.

     

    4. Representations
      and Warranties of PBT.
      PBT
      hereby represents and warrants to WinWin that, except as set forth in the
      Disclosure Schedule delivered by PBT to WinWin as of the date of this Agreement
      (the “PBT
      Disclosure Schedule”):

     

    (a) Organization,
      Good Standing and Qualification.
      PBT is
      a corporation duly organized, validly existing and in good standing under the
      laws of the State of Delaware. PBT has all requisite corporate power and
      authority to own and operate its properties and assets, to execute and deliver
      this Agreement, to issue and sell the PBT Shares and the shares of PBT common
      stock into which the PBT Shares convert (the “PBT
      Conversion Shares”),
      to
      carry out the provisions of this Agreement and to carry on its business as
      presently conducted. PBT is duly qualified to do business and is in good
      standing as a foreign corporation in all jurisdictions in which the nature
      of
      its activities and of its properties (both owned and leased) makes such
      qualification necessary, except for those jurisdictions in which failure to
      do
      so would not have a material adverse effect on PBT or its business.

     

    (b) Subsidiaries.
      PBT
      does not own or control any equity security or other interest of any other
      corporation, limited partnership or other business entity. PBT is not a
      participant in any joint venture, partnership or similar arrangement. Since
      its
      inception, PBT has not consolidated or merged with, acquired all or
      substantially all of the assets of, or acquired the stock of or any interest
      in
      any corporation, partnership, association, or other business
      entity.

     

    (c) Capitalization;
      Voting Rights.

     

    (i) The
      authorized capital stock of PBT as of the date hereof consists of
      (A) 800,000,000 shares of Common Stock, par value $0.0001 per share, and
      (B) 2,300,000,000 shares of Preferred Stock, par value $0.00001 per share
      (“PBT
      Preferred Stock”),
      1,900,000,000
      of which have been designated Class 1 Preferred Stock,
      150,000,000 of which have been designated Series B Preferred Stock, 30,000,000
      of which have been designated Series B-1 Preferred Stock, 40,000 of which have
      been designated Series C-1 Preferred Stock, 200,000 of which have been
      designated Series C-2 Preferred Stock, 200,000 of which have been designated
      Series C-3 Preferred Stock and 75,000,000 of which have been designated Series
      C
      Preferred Stock. 

     

    (ii) Section
      4(c) of the PBT Disclosure Schedule sets forth, as of immediately prior to
      the
      Initial Closing, the number of outstanding shares of each class and series
      of
      PBT's equity securities.

     

    
      
        
        

      

      
        -11-

        
          

        

      

      
        
        

      

    

    

     

    (iii) Section 4(c)
      of the PBT Disclosure Schedule sets forth, as of immediately prior to the
      Initial Closing, under PBT’s 2003 Equity Incentive Plan (the “PBT
      Plan”),
      (A) the number of shares of PBT Common Stock that have been issued and are
      currently outstanding pursuant to restricted stock purchase agreements and/or
      the exercise of options, (B) the number of shares of Class 1 Preferred
      that have been issued and are currently outstanding pursuant to restricted
      stock
      purchase agreements and/or the exercise of options, (C) the number of
      options to purchase shares of PBT Common Stock and Class 1 Preferred that
      have been granted and are currently outstanding and (D) the number of
      shares of PBT Common Stock and Class 1 Preferred that remain available for
      future issuance to officers, directors, employees and consultants of PBT. PBT
      has not made any representations regarding equity incentives to any officer,
      employee, director or consultant that are inconsistent with the share amounts
      and terms set forth in PBT’s board minutes.

     

    (iv) Other
      than the shares reserved for issuance under the PBT Plan, and except as may
      be
      granted pursuant to this Agreement, there are no outstanding options, warrants,
      rights (including conversion or preemptive rights and rights of first refusal),
      proxy or stockholder agreements, or agreements of any kind for the purchase
      or
      acquisition from PBT of any of its securities.

     

    (v) All
      issued and outstanding shares of PBT Common Stock and PBT Preferred Stock
      (A) have been duly authorized and validly issued and are fully paid and
      nonassessable and (B) were issued in compliance with all applicable state
      and federal laws concerning the issuance of securities.

     

    (vi) The
      rights, preferences, privileges and restrictions of the PBT Shares are as stated
      in the PBT Charter. Each outstanding series of PBT Preferred Stock is
      convertible into PBT Common Stock on a one-for-one basis as of the date hereof
      and the consummation of the transactions contemplated hereunder will not result
      in any anti-dilution adjustment or other similar adjustment to the outstanding
      shares of PBT Preferred Stock. The
      PBT
      Conversion Shares have been duly and validly reserved for issuance. When issued
      in compliance with the provisions of this Agreement and the PBT Charter, the
      PBT
      Shares and the PBT Conversion Shares will be validly issued, fully paid and
      nonassessable, and will be free of any liens or encumbrances other than
      (A) liens and encumbrances created by or imposed upon WinWin and
      (B) any right of first refusal set forth in PBT’s Bylaws; provided,
      however, that the PBT Shares and the PBT Conversion Shares may be subject to
      restrictions on transfer under state and/or federal securities laws as set
      forth
      herein or as otherwise required by such laws at the time a transfer is proposed.
      

     

    (d) Authorization;
      Binding Obligations.
      All
      corporate action on the part of PBT, its officers, directors and stockholders
      necessary for the authorization of this Agreement and the transactions
      contemplated by this Agreement, the performance of all obligations of PBT
      hereunder at the Initial Closing and the authorization, sale, issuance and
      delivery of the PBT Shares pursuant hereto and the PBT Conversion Shares
      pursuant to the PBT Charter has been taken. This Agreement, when executed and
      delivered, will be the valid and binding obligation of PBT enforceable in
      accordance with its terms, except (i) as limited by applicable bankruptcy,
      insolvency, reorganization, moratorium or other laws of general application
      affecting enforcement of creditors’ rights, (ii) general principles of
      equity that restrict the availability of equitable remedies and (iii) to
      the extent that the enforceability of indemnification provisions may be limited
      by applicable laws. The sale of the PBT Shares and the subsequent conversion
      of
      the PBT Shares into PBT Conversion Shares are not and will not be subject to
      any
      preemptive rights or rights of first refusal that have not been properly waived
      or complied with.

     

    
      
        
        

      

      
        -12-

        
          

        

      

      
        
        

      

    

    

     

    (e) Financial
      Statements.
      PBT has
      delivered to WinWin (i) its unaudited statement of income for the year
      ended December 31, 2005 (the “Statement
      Date”),
      and
      (ii) its unaudited balance sheet as of December 31, 2005
      (collectively, the “PBT
      Financial Statements”).
      The
      PBT Financial Statements have been prepared in accordance with generally
      accepted accounting principles applied on a consistent basis throughout the
      periods indicated, except as disclosed therein, and present fairly the financial
      position of PBT as of the Statement Date in all material respects; provided,
      however, that the unaudited financial statements are subject to year-end audit
      adjustments (which are not expected to be material either individually or in
      the
      aggregate), and do not contain footnotes.

     

    (f) Liabilities.
      PBT has
      no material liabilities and, to the best of its knowledge, knows of no material
      contingent liabilities not disclosed in the PBT Financial Statements, except
      current liabilities incurred in the ordinary course of business subsequent
      to
      the Statement Date which have not been, either in any individual case or in
      the
      aggregate, materially adverse.

     

    (g) Agreements;
      Action.

     

    (i) Except
      for agreements explicitly contemplated hereby and agreements between PBT and
      its
      employees with respect to the sale of PBT Common Stock and PBT Preferred Stock,
      there are no agreements, understandings or proposed transactions between PBT
      and
      any of its officers, directors, employees, affiliates or any affiliate
      thereof.

     

    (ii) There
      are
      no agreements, understandings, instruments, contracts, proposed transactions,
      judgments, orders, writs or decrees to which PBT is a party or to its knowledge
      by which it is bound that may involve (A) future obligations (contingent or
      otherwise) of, or payments to, PBT in excess of $100,000 (other than obligations
      of, or payments to, PBT arising from purchase or sale agreements entered into
      in
      the ordinary course of business), (B) the transfer or license of any
      patent, copyright, trade secret or other proprietary right to or from PBT (other
      than licenses by PBT of “off the shelf” or other standard products) or
      (C) indemnification by PBT with respect to infringements of proprietary
      rights (other than indemnification obligations arising from purchase, sale
      or
      license agreements entered into in the ordinary course of
      business).

     

    (iii) PBT
      has
      not (A) declared or paid any dividends, or authorized or made any
      distribution upon or with respect to any class or series of its capital stock,
      (B) incurred or guaranteed any indebtedness for money borrowed or any other
      liabilities (other than with respect to dividend obligations, distributions,
      indebtedness and other obligations incurred in the ordinary course of business
      or as disclosed in the PBT Financial Statements) individually in excess of
      $100,000 or, in the case of indebtedness and/or liabilities individually less
      than $100,000, in excess of $250,000 in the aggregate, (C) made any loans
      or advances to any person, other than ordinary advances for travel expenses,
      or
      (D) sold, exchanged or otherwise disposed of any of its assets or rights,
      other than the sale of its inventory in the ordinary course of
      business.

     

    (iv) For
      the
      purposes of subsections (ii) and (iii) above, all indebtedness,
      liabilities, agreements, understandings, instruments, contracts and proposed
      transactions involving the same person or entity (including persons or entities
      PBT has reason to believe are affiliated therewith) shall be aggregated for
      the
      purpose of meeting the individual minimum dollar amounts of such
      subsections.

     

    
      
        
        

      

      
        -13-

        
          

        

      

      
        
        

      

    

    

     

    (h) Obligations
      to Related Parties.
      There
      are no obligations of PBT to officers, directors, stockholders, or employees
      of
      PBT other than (i) for payment of salary for services rendered,
      (ii) reimbursement for reasonable expenses incurred on behalf of PBT and
      (iii) for other standard employee benefits made generally available to all
      employees (including stock option agreements outstanding under any stock option
      plan approved by the PBT Board of Directors). No officer, director or
      stockholder, or any member of their immediate families, is, directly or
      indirectly, interested in any material contract with PBT (other than such
      contracts as relate to any such person’s ownership of capital stock or other
      securities of PBT). 

     

    (i) Changes.
      Since
      the Statement Date, there has not been to PBT’s knowledge:

     

    (i) Any
      change in the assets, liabilities, financial condition or operations of PBT
      from
      that reflected in the PBT Financial Statements, other than changes in the
      ordinary course of business, none of which individually or in the aggregate
      has
      had a material adverse effect on such assets, liabilities, financial condition
      or operations of PBT;

     

    (ii) Any
      resignation or termination of any officer, key employee or group of employees
      of
      PBT;

     

    (iii) Any
      material change, except in the ordinary course of business, in the contingent
      obligations of PBT by way of guaranty, endorsement, indemnity, warranty or
      otherwise;

     

    (iv) Any
      damage, destruction or loss, whether or not covered by insurance, materially
      and
      adversely affecting the properties, business or prospects or financial condition
      of PBT;

     

    (v) Any
      waiver by PBT of a valuable right or of a material debt owed to it;

     

    (vi) Any
      material change in any compensation arrangement or agreement with any employee,
      officer, director or stockholder;

     

    (vii) Any
      labor
      organization activity related to PBT;

     

    (viii) Any
      sale,
      assignment, or exclusive license or transfer of any patents, trademarks,
      copyrights, trade secrets or other intangible assets;

     

    (ix) Any
      change in any material agreement to which PBT is a party or by which it is
      bound
      that materially and adversely affects the business, assets, liabilities,
      financial condition or operations of PBT;

     

    
      
        
        

      

      
        -14-

        
          

        

      

      
        
        

      

    

    

     

    (x) Any
      other
      event or condition of any character that, either individually or cumulatively,
      has materially and adversely affected the business, assets, liabilities,
      financial condition or operations of PBT; or

     

    (xi) Any
      arrangement or commitment by PBT to do any of the acts described in
      subsection (i) through (x) above.

     

    (j) Title
      to Properties and Assets; Liens, Etc.
      PBT has
      good and marketable title to its properties and assets and good title to its
      leasehold estates, in each case subject to no mortgage, pledge, lien, lease,
      encumbrance or charge, other than (i) those resulting from taxes which have
      not yet become delinquent, (ii) minor liens and encumbrances that do not
      materially detract from the value of the property subject thereto or materially
      impair the operations of PBT, and (iii) those that have otherwise arisen in
      the ordinary course of business. PBT is in compliance with all material terms
      of
      each lease to which it is a party or is otherwise bound.

     

    (k) Intellectual
      Property.
      

     

    (i) PBT
      owns
      or possesses sufficient legal rights to (A) all trademarks, service marks,
      trade names, copyrights, trade secrets, licenses, information and other
      proprietary rights and processes and (B) to PBT’s knowledge, all patents,
      in each instance as necessary for its business as now conducted and as presently
      proposed to be conducted, without any known infringement of the rights of
      others. There are no outstanding options, licenses or agreements of any kind
      relating to the foregoing proprietary rights, nor is PBT bound by or a party
      to
      any options, licenses or agreements of any kind with respect to the patents,
      trademarks, service marks, trade names, copyrights, trade secrets, licenses,
      information and other proprietary rights and processes of any other person
      or
      entity other than such licenses or agreements arising from the purchase of
“off
      the shelf” or standard products.

     

    (ii) PBT
      has
      not received any communications alleging that PBT has violated or, by conducting
      its business as presently proposed, would violate any of the patents,
      trademarks, service marks, trade names, copyrights or trade secrets or other
      proprietary rights of any other person or entity.

     

    (iii) PBT
      is
      not aware that any of its employees is obligated under any contract (including
      licenses, covenants or commitments of any nature) or other agreement, or subject
      to any judgment, decree or order of any court or administrative agency, that
      would interfere with their duties to PBT or that would conflict with PBT’s
      business as proposed to be conducted. Each employee, officer and consultant
      of
      PBT has executed a proprietary information and inventions agreement in the
      form(s) as delivered to WinWin. No employee, officer or consultant of PBT has
      excluded works or inventions made prior to his or her employment with PBT from
      his or her assignment of inventions pursuant to such employee, officer or
      consultant’s proprietary information and inventions agreement. PBT does not
      believe it is or will be necessary to utilize any inventions, trade secrets
      or
      proprietary information of any of its employees made prior to their employment
      by PBT, except for inventions, trade secrets or proprietary information that
      have been assigned to PBT.

     

    
      
        
        

      

      
        -15-

        
          

        

      

      
        
        

      

    

    

     

    (l) Compliance
      with Other Instruments.
      PBT is
      not in violation or default of any term of its charter documents, each as
      amended, or of any provision of any mortgage, indenture, contract, agreement,
      instrument or contract to which it is party or by which it is bound or of any
      judgment, decree, order or writ other than any such violation that would not
      have a material adverse effect on PBT. The execution, delivery, and performance
      of and compliance with this Agreement and the issuance and sale of the PBT
      Shares pursuant hereto and of the PBT Conversion Shares pursuant to the PBT
      Charter, will not, with or without the passage of time or giving of notice,
      result in any such material violation, or be in conflict with or constitute
      a
      material default under any such document, or result in the creation of any
      mortgage, pledge, lien, encumbrance or charge upon any of the properties or
      assets of PBT or the suspension, revocation, impairment, forfeiture or
      nonrenewal of any permit, license, authorization or approval applicable to
      PBT,
      its business or operations or any of its assets or properties. To its knowledge,
      PBT has avoided every condition, and has not performed any act, the occurrence
      of which would result in PBT’s loss of any right granted under any license,
      distribution agreement or other agreement required to be disclosed on the PBT
      Disclosure Schedule.

     

    (m) Litigation.
      There
      is no action, suit, proceeding or investigation pending or, to PBT’s knowledge,
      currently overtly threatened against PBT that questions the validity of this
      Agreement, or the right of PBT to enter into any of such agreements, or to
      consummate the transactions contemplated hereby or thereby, or that would
      reasonably be expected to result, either individually or in the aggregate,
      in
      any material adverse change in the assets, condition, affairs or prospects
      of
      PBT, financially or otherwise, or any change in the current equity ownership
      of
      PBT, nor is PBT aware that there is any basis for any of the foregoing. The
      foregoing includes, without limitation, actions pending or, to PBT’s knowledge,
      threatened in writing involving the prior employment of any of PBT’s employees,
      their use in connection with PBT’s business of any information or techniques
      allegedly proprietary to any of their former employers, or their obligations
      under any agreements with prior employers. PBT is not a party or subject to
      the
      provisions of any order, writ, injunction, judgment or decree of any court
      or
      government agency or instrumentality. There is no action, suit, proceeding
      or
      investigation by PBT currently pending or that PBT intends to
      initiate.

     

    (n) Tax
      Returns and Payments.
      PBT is
      and always has been a subchapter C corporation. PBT has filed all tax returns
      (federal, state and local) required to be filed by it. All taxes shown to be
      due
      and payable on such returns, any assessments imposed, and to PBT’s knowledge all
      other taxes due and payable by PBT on or before the Initial Closing, have been
      paid or will be paid prior to the time they become delinquent. PBT has not
      been
      advised (i) that any of its returns, federal, state or other, have been or
      are being audited as of the date hereof, or (ii) of any deficiency in
      assessment or proposed judgment to its federal, state or other taxes. PBT has
      no
      knowledge of any liability of any tax to be imposed upon its properties or
      assets as of the date of this Agreement that is not adequately provided
      for.

     

    
      
        
        

      

      
        -16-

        
          

        

      

      
        
        

      

    

    

     

    (o) Employees.
      PBT has
      no collective bargaining agreements with any of its employees. There is no
      labor
      union organizing activity pending or, to PBT’s knowledge, threatened with
      respect to PBT. To PBT’s knowledge, no employee of PBT, nor any consultant with
      whom PBT has contracted, is in violation of any term of any employment contract,
      proprietary information agreement or any other agreement relating to the right
      of any such individual to be employed by, or to contract with, PBT; and to
      PBT’s
      knowledge the continued employment by PBT of its present employees, and the
      performance of PBT’s contracts with its independent contractors, will not result
      in any such violation. PBT has not received any notice alleging that any such
      violation has occurred. No employee of PBT has been granted the right to
      continued employment by PBT or to any material compensation following
      termination of employment with PBT. PBT is not aware that any officer, key
      employee or group of employees intends to terminate his, her or their employment
      with PBT, nor does PBT have a present intention to terminate the employment
      of
      any officer, key employee or group of employees. There are no actions pending,
      or to PBT’s knowledge, threatened, by any former or current employee concerning
      such person’s employment by PBT.

     

    (p) Obligations
      of Management.
      Each
      officer and key employee of the PBT currently devoting substantially all of
      his
      or her business time to the conduct of the business of PBT. PBT is not aware
      that any officer or key employee of PBT is planning to work less than full
      time
      at PBT in the future. No officer or key employee is currently working or, to
      PBT’s knowledge, plans to work for a competitive enterprise, whether or not such
      officer or key employee is or will be compensated by such
      enterprise.

     

    (q) Registration
      Rights and Voting Rights.
      Except
      as required pursuant to the PBT Registration Rights Agreement and that certain
      Investor Rights Agreement, dated as of November 14, 2003, by and among PBT
      and the other parties thereto, PBT is presently not under any obligation, and
      has not granted any rights, to register any of PBT’s presently outstanding
      securities or any of its securities that may hereafter be issued. To PBT’s
      knowledge, no stockholder of PBT has entered into any agreement with respect
      to
      the voting of equity securities of PBT.

     

    (r) Compliance
      with Laws; Permits.
      To its
      knowledge, PBT is not in violation of any applicable statute, rule, regulation,
      order or restriction of any domestic or foreign government or any
      instrumentality or agency thereof in respect of the conduct of its business
      or
      the ownership of its properties which violation would materially and adversely
      affect the business, assets, liabilities, financial condition, operations or
      prospects of PBT. No United States domestic governmental orders, permissions,
      consents, approvals or authorizations are required to be obtained and no
      registrations or declarations are required to be filed in connection with the
      execution and delivery of this Agreement or the issuance of the PBT Shares
      or
      the PBT Conversion Shares, except such as have been duly and validly obtained
      or
      filed, or with respect to any filings that must be made after the Initial
      Closing, as will be filed in a timely manner. PBT has all franchises, permits,
      licenses and any similar authority necessary for the conduct of its business
      as
      now being conducted by it, the lack of which could materially and adversely
      affect the business, properties or financial condition of PBT and believes
      it
      can obtain, without undue burden or expense, any similar authority for the
      conduct of its business as planned to be conducted.

     

    
      
        
        

      

      
        -17-

        
          

        

      

      
        
        

      

    

    

     

    (s) Environmental
      and Safety Laws.
      To its
      knowledge, PBT is not in violation of any applicable statute, law or regulation
      relating to the environment or occupational health and safety, and to its
      knowledge, no material expenditures are or will be required in order to comply
      with any such existing statute, law or regulation. No Hazardous Materials (as
      defined below) are used or have been used, stored, or disposed of by PBT or,
      to
      PBT’s knowledge, by any other person or entity on any property owned, leased or
      used by PBT. For the purposes of the preceding sentence, “Hazardous
      Materials”
shall
      mean (i) materials that are listed or otherwise defined as “hazardous” or
“toxic” under any applicable local, state, federal and/or foreign laws and
      regulations that govern the existence and/or remedy of contamination on
      property, the protection of the environment from contamination, the control
      of
      hazardous wastes, or other activities involving hazardous substances, including
      building materials, or (ii) any petroleum products or nuclear
      materials.

     

    (t) Offering
      Valid.
      Assuming the accuracy of the representations and warranties of WinWin contained
      in Section 3(w), the offer, sale and issuance of the PBT Shares and the PBT
      Conversion Shares will be exempt from the registration requirements of the
      Securities Act, and will have been registered or qualified (or are exempt from
      registration and qualification) under the registration, permit or qualification
      requirements of all applicable state securities laws. Neither PBT nor any agent
      on its behalf has solicited or will solicit any offers to sell or has offered
      to
      sell or will offer to sell all or any part of the PBT Shares to any person
      or
      persons so as to bring the sale of such PBT Shares by PBT within the
      registration provisions of the Securities Act or any state securities
      laws.

     

    (u) Full
      Disclosure.
      PBT has
      provided WinWin with all information requested by WinWin in connection with
      its
      decision to purchase the PBT Shares. To PBT’s knowledge, neither this Agreement,
      the exhibits hereto, nor any other document delivered by PBT to WinWin or its
      attorneys or agents in connection herewith or therewith at the Initial Closing
      or with the transactions contemplated hereby or thereby, contain any untrue
      statement of a material fact nor, to PBT’s knowledge, omit to state a material
      fact necessary in order to make the statements contained herein or therein,
      in
      light of the circumstances in which they were made, not misleading.

     

    (v) Real
      Property Holding Corporation.
      PBT is
      not a real property holding corporation within the meaning of
      Section 897(c)(2) of the Internal Revenue Code of 1986, as amended, and any
      regulations promulgated thereunder.

     

    (w) Insurance.
      PBT has
      or will obtain promptly following the Initial Closing general commercial,
      product liability, fire and casualty insurance policies with coverage customary
      for companies similarly situated to PBT.

     

    (x) Investment
      Representations and Warranties.

     

    (i) Purchase
      for Own Account.
      PBT
      represents that it is acquiring the WinWin Shares solely for its own account
      and
      beneficial interest for investment and not for sale or with a view to
      distribution of the WinWin Shares or any part thereof, has no present intention
      of selling (in connection with a distribution or otherwise), granting any
      participation in, or otherwise distributing the same, and does not presently
      have reason to anticipate a change in such intention.

     

    (ii) Information
      and Sophistication.
      Without
      lessening or obviating the representations and warranties of WinWin set forth
      in
      Section 3, PBT hereby acknowledges that it has had an opportunity to
      ask questions and receive answers from WinWin regarding the terms and conditions
      of the offering of the WinWin Shares and further represents that it has such
      knowledge and experience in financial and business matters that it is capable
      of
      evaluating the merits and risk of this investment.

     

    
      
        
        

      

      
        -18-

        
          

        

      

      
        
        

      

    

    

     

    (iii) Ability
      to Bear Economic Risk.
      PBT
      acknowledges that investment in the WinWin Shares involves a high degree of
      risk, and represents that it is able, without materially impairing its financial
      condition, to hold the WinWin Shares for an indefinite period of time and to
      suffer a complete loss of its investment.

     

    (iv) Accredited
      Investor Status.
      PBT is
      an “accredited investor” within the meaning of Regulation D promulgated under
      the Securities Act.

     

    (v) Restricted
      Securities.
      PBT
      understands that the WinWin Shares have not been registered under the Securities
      Act and will not sell, offer to sell, assign, pledge, hypothecate or otherwise
      transfer any of the WinWin Shares unless (A) pursuant to an effective
      registration statement under the Securities Act, (B) such holder provides
      WinWin with an opinion of counsel, in form and substance reasonably acceptable
      to WinWin, to the effect that a sale, assignment or transfer of the WinWin
      Shares may be made without registration under the Securities Act and the
      transferee agrees to be bound by the terms and conditions of this Agreement,
      (C) such holder provides WinWin with reasonable assurances (in the form of
      seller and broker representation letters) that the WinWin Shares or the
      Underlying WinWin Shares, as the case may be, can be sold pursuant to Rule
      144
      or (D) pursuant to Rule 144(k) promulgated under the Securities Act
      following the applicable holding period. 

     

    (vi) Legends.
      PBT
      agrees that the certificates for the WinWin Shares and Underlying WinWin Shares
      shall bear the following legend:

     

    THESE
      SECURITIES HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION
      OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
      REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
      ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
      EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN
      AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
      REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
      SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR
      TO
      SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE
      COMPANY. 

     

    PBT
      agrees that WinWin may place stop transfer orders with its transfer agent with
      respect to such certificates in order to implement the restrictions on transfer
      set forth in this Agreement. The appropriate portion of the legend and the
      stop
      transfer orders will be removed promptly upon delivery to WinWin of such
      satisfactory evidence as reasonably may be required by WinWin that such legend
      or stop orders are not required to ensure compliance with the Securities
      Act.

     

    
      
        
        

      

      
        -19-

        
          

        

      

      
        
        

      

    

    

     

    5. No
      Finders or Brokers.
      Each of
      the Parties represents that, on the basis of any actions and agreements by
      it,
      there are no brokers or finders entitled to compensation in connection with
      the
      transactions contemplated hereby. WinWin hereby indemnifies PBT for any broker
      or finder fees or costs incurred by WinWin, and PBT hereby indemnifies WinWin
      for any broker or finder fees or costs incurred by PBT. 

     

    6. Conditions
      to PBT’s Obligations at Each Closing.
      The
      obligations of PBT under Section 1(b) of this Agreement at each Closing are
      subject to the fulfillment or waiver, on or before such Closing, of each of
      the
      following conditions:

     

    (a) Securities
      Exemptions.
      The
      offer and sale of the WinWin Shares to PBT at such Closing pursuant to this
      Agreement shall be exempt from the registration requirements of the Securities
      Act and the registration and/or qualification requirements of all applicable
      state securities laws.

     

    (b) No
      Suspension of Trading or Listing of Common Stock.
      The
      WinWin Common Stock (i) shall be designated for quotation or listed on the
      Over-The-Counter market and on the Pink Sheets or on any other U.S. exchange
      or
      national quotation system and (ii) shall not have been suspended from
      trading or quotation on either the Over-The-Counter Market or the Pink
      Sheets.

     

    (c) Good
      Standing Certificates.
      WinWin
      shall have delivered to PBT a certificate of the Secretary of State of the
      State
      of Delaware, dated as of a date within five days prior to the date of such
      Closing, with respect to the good standing of WinWin.

     

    (d) Secretary’s
      Certificate.
      WinWin
      shall have delivered to PBT a certificate of WinWin executed by WinWin’s
      Secretary and dated as of such Closing attaching and certifying to the accuracy
      and correctness of (i) the WinWin Certificate of Incorporation,
      (ii) the WinWin Bylaws and (iii) the resolutions adopted by WinWin’s
      Board of Directors in connection with the transactions contemplated by this
      Agreement.

     

    (e) Opinion
      of WinWin Counsel.
      PBT
      shall have received an opinion, dated as of such Closing, from Thelen Reid
&
Priest LLP, counsel to WinWin, in the form attached as Exhibit B.

     

    (f) No
      Statute or Rule Challenging Transaction.
      No
      statute, rule, regulation, executive order, decree, ruling, injunction, action,
      proceeding or interpretation shall have been enacted, entered, promulgated,
      endorsed or adopted by any court or governmental authority of competent
      jurisdiction or any self-regulatory organization or the staff of any of the
      foregoing, having authority over the matters contemplated hereby which questions
      the validity of, or challenges or prohibits the consummation of, any of the
      transactions contemplated by this Agreement.

     

    (g) Update
      of Disclosure Schedule.
      WinWin
      shall have delivered to PBT an updated WinWin Disclosure Schedule, dated as
      of
      the date of such Closing.

     

    
      
        
        

      

      
        -20-

        
          

        

      

      
        
        

      

    

    

     

    (h) Other
      Actions.
      WinWin
      shall have executed such certificates, agreements, instruments and other
      documents, and taken such other actions as shall be customary or reasonably
      requested by PBT in connection with the transactions contemplated
      hereby.

     

    7. Additional
      Conditions to PBT’s Obligations at the Initial Closing.
      The
      obligations of PBT under Sections 1(b) and 2(a) of this Agreement at the
      Initial Closing are subject to the fulfillment or waiver, on or before the
      Initial Closing, in addition to the conditions set forth in Section 6, of
      each of the following conditions:

     

    (a) Accuracy
      of Representations and Warranties.
      Each of
      the representations and warranties of WinWin contained in Section 3 shall
      have been true and correct in all material respects on and as of the date of
      this Agreement and on and as of the date of the Initial Closing with the same
      effect as though such representations and warranties had been made as of the
      Initial Closing; provided,
      however
      that,
      for purposes of determining the accuracy of such representations and warranties,
      (i) all “Material Adverse Effect” qualifications and other materiality
      qualifications, and any similar qualifications, contained in such
      representations and warranties shall be disregarded and (ii) any update of
      or modification to the WinWin Disclosure Schedule made or purported to have
      been
      made after the date of this Agreement shall be disregarded. 

     

    (b) Performance.
      WinWin
      shall have performed and complied in all material respects with all agreements,
      obligations and conditions contained in this Agreement that are required to
      be
      performed or complied with by it on or before the Initial Closing and shall
      have
      obtained all approvals, consents and qualifications necessary to complete the
      purchase and sale described herein.

     

    (c) Compliance
      Certificate.
      WinWin
      shall have delivered to PBT a certificate signed on its behalf by its Chief
      Executive Officer or Chief Financial Officer certifying that the conditions
      specified in Sections 7(a) and 7(b) hereof have been
      fulfilled.

     

    (d) Delivery
      of Stock Certificates.
      A stock
      certificate registered in the name of PBT representing the Initial Closing
      WinWin Shares shall have been delivered to PBT.

     

    (e) Option
      Agreement.
      WinWin
      shall have executed and delivered to PBT the Investment Option Agreement in
      substantially the form attached hereto as Exhibit C.
      

     

    (f) Board
      of Directors.
      The
      authorized number of members of WinWin’s Board of Directors shall be seven (7),
      with at least two (2) vacancies.

     

    (g) Registration
      Rights Agreement.
      WinWin
      shall have executed and delivered to PBT the WinWin Registration Rights
      Agreement. 

     

    (h) Opinion
      of WinWin Delaware Counsel.
      PBT
      shall have received an opinion, dated as of such Closing, from Proctor Heyman
      LLP, counsel to WinWin, in substantially the form attached as Exhibit F.

     

    
      
        
        

      

      
        -21-

        
          

        

      

      
        
        

      

    

    

     

    (i) Filing
      of Designation. WinWin
      shall have caused the Designation to be filed with the Secretary of State of
      the
      State of Delaware, and shall have provided evidence to PBT to that effect.
      The
      Designation shall be in full effect as of the Initial Closing.

     

    8. Additional
      Conditions to PBT’s Obligations at the Second Closing.
      The
      obligations of PBT under Sections 1(b) and 2(c) of this Agreement at the
      Second Closing are subject to the fulfillment or waiver, on or before the Second
      Closing, in addition to the conditions set forth in Section 6, of the
      following conditions:

     

    (a) Accuracy
      of Representations and Warranties.
      

     

    (i) Each
      of
      the representations and warranties of WinWin contained in Section 3 shall
      have been true and correct in all material respects on and as of the date of
      this Agreement; provided,
      however
      that,
      for purposes of determining the accuracy of such representations and warranties,
      (A) all “Material Adverse Effect” qualifications and other materiality
      qualifications, and any similar qualifications, contained in such
      representations and warranties shall be disregarded and (B) any update of
      or modification to the WinWin Disclosure Schedule made or purported to have
      been
      made after the date of this Agreement shall be disregarded. 

     

    (ii) The
      representations and warranties of WinWin contained in Section 3 shall be
      accurate in all respects as of the Second Closing as if made on and as of the
      Second Closing, except that any inaccuracies in such representations and
      warranties will be disregarded if the circumstances giving rise to all such
      inaccuracies (considered collectively) do not constitute, and could not
      reasonably be expected to have, a Material Adverse Effect on WinWin;
provided,
      however
      that,
      for purposes of determining the accuracy of such representations and warranties,
      (A) all “Material Adverse Effect” qualifications and other materiality
      qualifications, and any similar qualifications, contained in such
      representations and warranties shall be disregarded and (B) any update of
      or modification to the WinWin Disclosure Schedule made or purported to have
      been
      made after the date of this Agreement shall be disregarded.

     

    (b) Performance.
      WinWin
      shall have performed and complied in all material respects with all agreements,
      obligations and conditions contained in this Agreement that are required to
      be
      performed or complied with by it on or before the Second Closing and shall
      have
      obtained all approvals, consents and qualifications necessary to complete the
      purchase and sale described herein.

     

    (c) Compliance
      Certificate.
      WinWin
      shall have delivered to PBT a certificate signed on its behalf by its Chief
      Executive Officer or Chief Financial Officer, dated as of the Second Closing,
      certifying that the conditions specified in Sections 8(a) and 8(b) hereof
      have been fulfilled.

     

    (d) Delivery
      of Stock Certificates.
      Stock
      certificate(s) registered in the name of PBT representing the Second Closing
      WinWin Shares shall have been delivered to PBT.

     

    
      
        
        

      

      
        -22-

        
          

        

      

      
        
        

      

    

    

     

    9. Conditions
      to WinWin’s Obligations at Each Closing.
      The
      obligations of WinWin to PBT under this Agreement are subject to the fulfillment
      or waiver, on or before each Closing, of each of the following
      conditions:

     

    (a) Securities
      Exemptions.
      The
      offer and sale of the WinWin Shares to PBT pursuant to this Agreement shall
      be
      exempt from the registration requirements of the Securities Act and the
      registration and/or qualification requirements of all applicable state
      securities laws.

     

    (b) Good
      Standing Certificates.
      PBT
      shall have delivered to WinWin a certificate of the Secretary of State of the
      State of Delaware, dated as of a date within five days prior to the date of
      such
      Closing, with respect to the good standing of PBT.

     

    (c) Secretary’s
      Certificate.
      PBT
      shall have delivered to WinWin a certificate of PBT executed by PBT’s Secretary
      attaching and certifying to the accuracy and correctness of (i) the PBT
      Certificate of Incorporation, (ii) the PBT Bylaws and (iii) the
      resolutions adopted by PBT’s Board of Directors in connection with the
      transactions contemplated by this Agreement.

     

    (d) No
      Statute or Rule Challenging Transaction.
      No
      statute, rule, regulation, executive order, decree, ruling, injunction, action,
      proceeding or interpretation shall have been enacted, entered, promulgated,
      endorsed or adopted by any court or governmental authority of competent
      jurisdiction or any self-regulatory organization or the staff of any of the
      foregoing, having authority over the matters contemplated hereby which questions
      the validity of, or challenges or prohibits the consummation of, any of the
      transactions contemplated by this Agreement.

     

    (e) Update
      of Disclosure Schedule.
      At each
      Closing at which PBT Shares are issued to WinWin, PBT shall have delivered
      to
      WinWin an updated PBT Disclosure Schedule, dated as of the date of such
      Closing.

     

    (f) Other
      Actions.
      PBT
      shall have executed such certificates, agreements, instruments and other
      documents, and taken such other actions as shall be customary or reasonably
      requested by WinWin in connection with the transactions contemplated
      hereby.

     

    10. Additional
      Conditions to WinWin’s Obligations at the Initial Closing.
      The
      obligations of WinWin to PBT at the Initial Closing under this Agreement are
      subject to the fulfillment or waiver, on or before the Initial Closing,
in
      addition to the conditions set forth in Section 9,
      of each
      of the following conditions:

     

    (a) Accuracy
      of Representations and Warranties.
      Each of
      the representations and warranties of PBT contained in Section 4 shall have
      been true and correct in all material respects on and as of the date of this
      Agreement and on and as of the date of the Initial Closing with the same effect
      as though such representations and warranties had been made as of the Initial
      Closing; provided,
      however
      that,
      for purposes of determining the accuracy of such representations and warranties,
      (i) all “Material Adverse Effect” qualifications and other materiality
      qualifications, and any similar qualifications, contained in such
      representations and warranties shall be disregarded and (ii) any update of
      or modification to the PBT Disclosure Schedule made or purported to have been
      made after the date of this Agreement shall be disregarded. 

     

    
      
        
        

      

      
        -23-

        
          

        

      

      
        
        

      

    

    

     

    (b) Performance.
      PBT
      shall have performed and complied in all material respects with all agreements,
      obligations and conditions contained in this Agreement that are required to
      be
      performed or complied with by it on or before the Initial Closing and shall
      have
      obtained all approvals, consents and qualifications necessary to complete the
      purchase and sale described herein. 

     

    (c) Compliance
      Certificate.
      PBT
      shall
      have delivered to WinWin a certificate dated as of the Initial Closing signed
      on
      its behalf by an authorized officer of PBT certifying that the conditions
      specified in Sections 10(a) and 10(b) hereof have been
      fulfilled. 

     

    (d) Receipt
      of Consideration.
      PBT
      shall have delivered to WinWin the original Note, marked cancelled and initialed
      by an officer of PBT, and a stock certificate registered in the name of WinWin
      representing the Initial Closing PBT Shares.

     

    (e) Registration
      Rights Agreement.
      PBT
      shall have executed and delivered to WinWin the WinWin Registration Rights
      Agreement.

     

    (f) Addition
      to PBT Registration Rights Agreement.
      PBT
      shall have provided a counterpart signature page to the PBT Amended and Restated
      Registration Rights, Agreement dated as of January 6, 2006, as in effect as
      of
      immediately prior to the Initial Closing, which, upon execution by WinWin,
      shall
      be sufficient to afford to WinWin all rights associated with being an “Investor”
thereunder.

     

    (g) Sales
      Representative Agreement.
      The
      Parties shall have entered into a sales representative agreement substantially
      in accordance with the terms described on Exhibit D;
      provided that if all other conditions to WinWin's obligations at the Initial
      Closing (including the conditions set forth in Section 9) have been or will
      be
      met as of the proposed date of the Initial Closing, then WinWin may not refuse
      to comply with its obligations at the Initial Closing unless WinWin is able
      to
      demonstrate that it has taken commercially reasonable efforts to pursue the
      negotiation and execution of the sales representative agreement in the period
      between the date of this Agreement and the intended date of the Initial Closing.
      

     

    (h) Filing
      of Designation. WinWin
      shall have caused the Designation to be filed with the Secretary of State of
      the
      State of Delaware. The Designation shall be in full effect as of the Initial
      Closing.

     

    11. Additional
      Conditions to WinWin’s Obligations at The Second Closing.
      The
      obligations of WinWin to PBT under this Agreement at the Second Closing are
      subject to the fulfillment or waiver, on or before the Second Closing, in
      addition to the conditions set forth in Section 9, of the following
      conditions:

     

    
      
        
        

      

      
        -24-

        
          

        

      

      
        
        

      

    

    

     

    (a) Accuracy
      of Representations and Warranties.
      

     

    (i) If
      PBT is
      issuing PBT Shares at the Second Closing, each of the representations and
      warranties of PBT contained in Section 4 shall have been true and correct
      in all material respects on and as of the date of this Agreement; provided,
      however
      that,
      for purposes of determining the accuracy of such representations and warranties,
      (A) all “Material Adverse Effect” qualifications and other materiality
      qualifications, and any similar qualifications, contained in such
      representations and warranties shall be disregarded and (B) any update of
      or modification to the PBT Disclosure Schedule made or purported to have been
      made after the date of this Agreement shall be disregarded. 

     

    (ii) If
      PBT is
      issuing PBT Shares at the Second Closing, the representations and warranties
      of
      PBT contained in Section 4 shall be accurate in all respects as of the
      Second Closing as if made on and as of the Second Closing, except that any
      inaccuracies in such representations and warranties will be disregarded if
      the
      circumstances giving rise to all such inaccuracies (considered collectively)
      do
      not constitute, and could not reasonably be expected to have, a Material Adverse
      Effect on PBT; provided,
      however
      that,
      for purposes of determining the accuracy of such representations and warranties,
      (A) all “Material Adverse Effect” qualifications and other materiality
      qualifications, and any similar qualifications, contained in such
      representations and warranties shall be disregarded and (B) any update of
      or modification to the PBT Disclosure Schedule made or purported to have been
      made after the date of this Agreement shall be disregarded.

     

    (b) Performance.
      PBT
      shall have performed and complied in all material respects with all agreements,
      obligations and conditions contained in this Agreement that are required to
      be
      performed or complied with by it on or before the Second Closing and shall
      have
      obtained all approvals, consents and qualifications necessary to complete the
      purchase and sale described herein. 

     

    (c) Compliance
      Certificate.
      PBT
      shall have delivered to WinWin a certificate, dated as of the Second Closing,
      signed on its behalf by its Chief Executive Officer or Chief Financial Officer
      certifying that the conditions specified in Sections 11(a) and 11(b) hereof
      have been fulfilled. 

     

    (d) Receipt
      of Consideration.
      PBT
      shall have delivered to WinWin a stock certificate registered in the name of
      WinWin representing the Second Closing PBT Shares, if any.

     

    (e) Sales
      Representative Agreement.
      The
      Parties shall have entered into a sales representative agreement substantially
      in accordance with the terms described on Exhibit D
      (the
      “Sales
      Representative Agreement”).

     

    12. Covenants.

     

    (a) Securities
      Law Filings.
      The
      Parties shall file in a timely manner all securities filings required to be
      filed in connection with the issuances of securities as contemplated by this
      Agreement, including the filing by each Party of Forms D relating to the sale
      of
      the WinWin Shares and the PBT Shares under this Agreement, pursuant to
      Regulation D promulgated under the Securities Act.

     

    
      
        
        

      

      
        -25-

        
          

        

      

      
        
        

      

    

    

     

    (b) WinWin
      Stockholders Consent.
      

     

    (i) As
      promptly as practicable after the date of the Initial Closing, WinWin shall
      prepare and cause to be filed with the SEC a preliminary information statement
      relating to the WinWin Stockholders’ Consent (as defined below) and shall use
      all commercially reasonable efforts to cause the information statement to comply
      with the rules and regulations promulgated by the SEC, to respond promptly
      to
      any comments of the SEC or its staff, to file a definitive information statement
      (the “Information
      Statement”)
      and to
      cause the Information Statement to be mailed to WinWin’s stockholders as
      promptly as practicable. 

     

    (ii) WinWin
      shall take all action necessary to obtain and give notice (pursuant to the
      Information Statement) of the written consent of the WinWin stockholders (the
      “WinWin
      Stockholders’ Consent”)
      to
      approve and adopt an amended and restated certificate of incorporation in the
      form attached hereto as Exhibit E
      (the
“Restated
      Charter”)
      and
      approve the filing of the Restated Charter with the Secretary of State of the
      State of Delaware. The WinWin Stockholders’ Consent shall be obtained and the
      Information Statement shall be filed with the SEC and provided to the WinWin
      stockholder as promptly as practicable following the Initial Closing, in
      compliance with all applicable legal requirements. 

     

    (iii) the
      Information Statement shall include a statement to the effect that the WinWin
      Board of Directors voted to recommend that the WinWin stockholders vote to
      adopt
      the Restated Charter, including the unanimous recommendation of the
      disinterested members of the WinWin Board of Directors. Such recommendation
      shall not be withdrawn or modified, and no resolution of the WinWin Board of
      Directors or any committee thereof to withdraw or modify such recommendation
      shall be adopted or proposed.

     

    (c) Board
      of Directors. 
      Promptly
      upon the written request of PBT, WinWin shall use its best efforts to cause
      WinWin’s Board of Directors to nominate the directors designated for election,
      if any, by the holders of the Series A Preferred Stock (the “PBT
      Representatives”)
      for
      election or re-election at each meeting of WinWin’s stockholders at which the
      composition of WinWin’s Board of Directors is subject to a proposal. During any
      such time that the holders of Series A Preferred Stock have the right to elect
      any PBT Representative(s) to the WinWin Board of Directors, but have not elected
      such PBT Representative(s) to the WinWin Board of Directors, WinWin will
      maintain sufficient authorized but vacant seats on its Board of Directors to
      permit the election of such PBT Representative(s). 

     

    (d) Access;
      Provision of Information.
      

     

    (i) Each
      Party shall permit representatives of the other Party to have reasonable access
      at reasonable times and upon reasonable advance written notice, to senior
      management of the Party, its accountants, records (including tax and financial
      records), contracts and other documents of or pertaining to the Party.

     

    (ii) From
      and
      after the Initial Closing, PBT shall promptly provide WinWin with information
      of
      the type that, in PBT’s reasonable judgment upon consultation with counsel,
      would be required to be disclosed by WinWin under Form 8-K as a result of
      WinWin’s ownership interest in the PBT Shares. 

     

    
      
        
        

      

      
        -26-

        
          

        

      

      
        
        

      

    

    

     

    (iii) WinWin
      will provide PBT, on a monthly basis, with all financial information that PBT
      requires in order to meet its financial reporting obligations (to investors,
      regulatory authorities and otherwise) on a timely basis (the “WinWin
      Financial Reporting Covenant”).
      If
      WinWin breaches the WinWin Financial Reporting Covenant, PBT can obtain
      reimbursement from WinWin for direct and indirect costs and other damages
      incurred in connection with or relating to the untimely delivery of PBT
      financials resulting from such breach, including reimbursement of legal fees
      incurred by or reimbursable by PBT, and PBT may exercise any and all other
      remedies available under applicable law.

     

    (e) Additional
      WinWin Financial Covenants. WinWin
      will comply with SOX and all applicable rules and standards promulgated under
      SOX. To the extent that, at any time, WinWin or its accountants determines
      that
      WinWin has material weaknesses in its internal controls over financial reporting
      (as such terms are defined in SOX, together with the rules and standards
      promulgated by the SEC relating to SOX), WinWin will promptly provide notice
      of
      such determination to PBT and, upon the written request of PBT, will remediate
      such material weakness within three months of such determination, provided
      that
      either (i) WinWin has Available Funds (as defined below) or (ii) PBT agrees
      to
      reimburse the reasonable, documented costs of such remediation over and above
      the sum of (A) the Available Funds and (B) any amounts allocated for any
      applicable tasks in the budget most recently approved by WinWin’s board of
      directors. PBT will be entitled to approve in advance any expenses requested
      to
      be reimbursed by PBT hereunder. For purposes of this Section 12(f) "Available
      Funds"
      means,
      as of the date of PBT’s written request, the cash and cash equivalents held
      by WinWin that is in excess of the greater of (1) an amount equal to the cash
      used in WinWin’s operations during the most recent quarter for which WinWin has
      filed financial results with the SEC multiplied by 3 and (2)
      $2,000,000.

     

    (f) Cooperative
      Activities.

     

    (i) Selling
      Support.
      During
      the period from the date of this Agreement through at least December 31,
      2006 (the “Cooperation
      Term”),
      WinWin shall provide PBT with a reasonable amount of selling support to assist
      in driving PBT’s biometric authentication and payment solutions into the Chinese
      Video Lottery Terminal (“VLT”)
      solution that is being prepared for rollout across China. This support shall
      include, among other things (and in compliance with all applicable legal
      requirements), both the direct promotion of PBT’s solutions to key government
      officials and other decision makers/influencers and the arrangement of key
      meetings between these individuals/groups and PBT employees.

     

    (ii) Access.
      During
      the Cooperation Term, in compliance with all applicable legal requirements,
      WinWin shall provide PBT with access to all senior Chinese government officials
      with current WinWin relationships for the purpose of promoting PBT solutions
      into other applications beyond VLTs.

     

    (iii) Attorney
      Support.
      During
      the Cooperation Term, in compliance with all applicable legal requirements,
      WinWin shall provide PBT with the support of WinWin’s Chinese/American
      VP/attorney for the purpose of making introductions and helping provide tactical
      and strategic guidance to PBT in connection with its entry into
      China.

     

    
      
        
        

      

      
        -27-

        
          

        

      

      
        
        

      

    

    

     

    (iv) Physical
      and Logistical Support.
      During
      the Cooperation Term, in compliance with all applicable legal requirements,
      WinWin shall provide PBT with physical and logistical support for PBT’s entry
      into China, including providing access to WinWin’s distribution channels and
      making available without charge a limited amount of office space in
      Shanghai.

     

    (v) Identification
      of Mutual Opportunities.
      During
      the Cooperation Term, each of WinWin and PBT shall use commercially reasonable
      efforts to identify and exploit opportunities for the benefit of both parties.
      The senior executive officers of each Party shall meet, whether telephonically
      or in person, on at least a monthly basis to discuss any such identified
      opportunities and the best means of exploiting such opportunities.

     

    (vi) PBT
      Support.
      During
      the Cooperation Term and upon the written request of WinWin, PBT shall provide
      WinWin with reasonable support and assistance in promotional consideration
      and
      exposure of WinWin products, services and technologies. In addition, PBT shall
      provide WinWin with reasonable support and assistance in identifying sources
      of
      equity and debt financing and strategic partners and in assisting WinWin to
      obtain financing from such sources.

     

    (vii) Sales
      Representative Agreement.
      Promptly following the Initial Closing, the Parties shall commence good faith
      negotiation to enter into the Sales Representative Agreement.

     

    (g) Confidentiality.
      Neither
      Party shall issue, or permit any of its Subsidiaries or any Representative
      of
      itself or any subsidiary to issue, any press releases or any other public
      statements with respect to the transactions contemplated by this Agreement;
      provided,
      however,
      that
      either Party shall be entitled, without the prior written approval of the other
      Party, to make any public disclosure with respect to such transactions to the
      extent that (i) such Party shall have provided the other Party with at least
      one
      business day to review any such proposed press release or public statement
      and
      consulted with the other before issuing such press release or public statement,
      and (ii) such Party shall have been advised in writing by its outside legal
      counsel that such disclosure, including any specific disclosure to which the
      other Party has objected, is required by applicable law or regulations. The
      Parties acknowledge that the provisions of the letter agreement between the
      Parties, dated as of January 24, 2005, regarding the non-disclosure and non-use
      of confidential information shall remain in force. 

     

    (h) Negative
      Pledge.
      

     

    (i) WinWin
      covenants and agrees that, beginning on the date of this Agreement and until
      the
      date following an initial public offering of PBT common stock on which any
      lockup or market standoff restrictions applicable to the PBT Shares
      expire:

     

    (1) WinWin
      shall not directly or indirectly sell, assign, transfer or pledge, or otherwise
      take any action that could lead directly or indirectly to the creation of any
      lien, pledge, hypothecation, charge, mortgage, security interest, encumbrance,
      equity, trust, equitable interest, adverse claim, proxy, option, right of first
      refusal, preemptive right, community property interest, legend or restriction
      of
      any nature (including any restriction on the voting or transfer of any security
      and any restriction on the receipt of any dividend or other payment receivable
      by the owner of any security, but excluding any restriction imposed under
      applicable securities laws) on any of WinWin’s rights in or to any of the PBT
      Shares or any unpaid dividends or other distributions or payments with respect
      to any of the PBT Shares;

     

    
      
        
        

      

      
        -28-

        
          

        

      

      
        
        

      

    

    

     

    (2) WinWin
      shall maintain, preserve and defend the title to the PBT Shares against the
      claim of any other person or entity;

     

    (3) Each
      stock certificate and other instrument representing or evidencing the PBT Shares
      shall bear a legend in substantially the following form:

     

    THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS SET
      FORTH
      IN THAT CERTAIN SECOND AMENDED AND RESTATED JOINT VENTURE AGREEMENT DATED AS
      OF
      AUGUST 31, 2006, BY AND BETWEEN SOLIDUS NETWORKS, INC. AND WINWIN GAMING, INC.
      AND MAY NOT BE SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR ASSIGNED IN ANY
      MANNER.

     

    (ii) Immediately
      following the date following an initial public offering of PBT common stock
      on
      which any lockup or market standoff restrictions applicable to the PBT Shares
      expire, PBT shall, at WinWin’s request and following receipt of the stock
      certificates and other instruments representing or evidencing the PBT Shares,
      issue a replacement stock certificate without the legend referred to in Section
      12(h)(i)(3).

     

    13. Termination.
      This
      Agreement shall terminate upon the mutual agreement of the Parties. In any
      event, either Party may terminate this Agreement on or after September 30,
      2006 if the Initial Closing has not occurred prior to such date and such failure
      to close was not due to the failure of the Party electing to terminate the
      Agreement to perform an obligation or satisfy a condition to the Initial
      Closing.

     

    14. Indemnification,
      Etc. 

     

    (a) Definitions.
      For
      purposes of this Section 14, the following capitalized terms shall have the
      following meanings:

     

    (i) A
      “Claim
      Notice”
      relating
      to a particular representation or warranty shall be deemed to have been given
      if
      any Indemnitee, acting in good faith, delivers to the Party making the
      representation or warranty a written notice stating that such Indemnitee
      believes that there is or has been an inaccuracy in such representation or
      warranty and containing (A) a brief description of the specific facts
      supporting such Indemnitee’s good faith belief that there is or has been such an
      inaccuracy and (B) a non-binding, preliminary estimate of the aggregate
      dollar amount of the Damages that have arisen and may arise as a direct or
      indirect result of such inaccuracy.

     

    (ii) “Damages”
      shall
      include any loss, damage, injury, decline in value, lost opportunity, liability,
      claim, demand, settlement, judgment, award, fine, penalty, tax, fee (including
      any legal fee, expert fee, accounting fee or advisory fee), charge, cost
      (including any cost of investigation) or expense of any nature. 

     

    
      
        
        

      

      
        -29-

        
          

        

      

      
        
        

      

    

    

     

    (iii) “Governmental
      Body”
      shall
      mean any: (A) nation,
      principality, state, commonwealth, province, territory, county, municipality,
      district or other jurisdiction of any nature; (B) federal,
      state, local, municipal, foreign or other government; (C) governmental
      or quasi-governmental authority of any nature (including any governmental
      division, subdivision, department, agency, bureau, branch, office, commission,
      council, board, instrumentality, officer, official, representative,
      organization, unit, body or entity and any court or other tribunal);
(D) multi-national
      organization or body; or (E) individual,
      entity or body exercising, or entitled to exercise, any executive, legislative,
      judicial, administrative, regulatory, police, military or taxing authority
      or
      power of any nature.

     

    (iv) “Indemnitees”
      shall
      mean, 

     

    (A) with
      respect to WinWin, the following Persons: (I) PBT;
      (II) PBT’s
      affiliates;
      (III) the
      respective Representatives of the Persons referred to in clauses “(I)” and
“(II)” above; and (IV) the
      respective successors and assigns of the Persons referred to in clauses “(I),”
“(II)” and “(III)” above (collectively, the “WinWin
      Indemnitees”);
      and

     

    (B) with
      respect to PBT, the following Persons: (I) WinWin;
      (II) WinWin’s
      affiliates;
      (III) the
      respective Representatives of the Persons referred to in clauses “(I)” and
“(II)” above; and (IV) the
      respective successors and assigns of the Persons referred to in clauses “(I),”
“(II)” and “(III)” above (collectively, the “PBT
      Indemnitees”).

     

    (v) “Legal
      Proceeding”
      shall
      mean any action, suit, litigation, arbitration, proceeding (including any civil,
      criminal, administrative, investigative or appellate proceeding and any informal
      proceeding), prosecution, contest, hearing, inquiry, inquest, audit, examination
      or investigation that is, has been or may in the future be commenced, brought,
      conducted or heard by or before, or that otherwise has involved or may involve,
      any Governmental Body or self regulatory agency or any arbitrator or arbitration
      panel.

     

    (vi) “Liability”
      shall
      mean any debt, obligation, duty or liability of any nature (including any
      unknown, undisclosed, unmatured, unaccrued, unasserted, contingent, indirect,
      conditional, implied, vicarious, derivative, joint, several or secondary
      liability), regardless of whether such debt, obligation, duty or liability
      would
      be required to be disclosed on a balance sheet prepared in accordance with
      GAAP
      and regardless of whether such debt, obligation, duty or liability is
      immediately due and payable. 

     

    (vii) “Person”
      shall
      mean any (A) individual, (B) Governmental Body or
      (C) corporation, general partnership, limited partnership, limited
      liability partnership, joint venture, estate, trust, cooperative, foundation,
      society, political party, union, company, firm or other enterprise, association,
      organization or entity.

     

    (viii) “Representatives”
      shall
      mean officers, directors, employees, agents, attorneys, accountants, advisors
      and representatives. 

     

    
      
        
        

      

      
        -30-

        
          

        

      

      
        
        

      

    

    

     

    (b) Survival
      of Representations and Warranties. 
      The
      representations and warranties set forth in Sections 3 and 4 shall expire
      one year following the Closing at which such representations and warranties
      are
      made; provided,
      however,
      that if
      a Claim Notice relating to any representation or warranty set forth in
      Section 3 or Section 4 is given on or prior to the date one year after
      the Closing Date to the Party making the representation or warranty, then,
      notwithstanding anything to the contrary contained in this Section 14(b),
      such representation or warranty shall not expire, but rather shall remain in
      full force and effect until such time as each and every claim that is based
      directly or indirectly upon, or that relates directly or indirectly to, any
      inaccuracy or alleged inaccuracy in such representation or warranty has been
      fully and finally resolved. The representations and warranties set forth in
      Sections 3 and 4 and the rights and remedies that may be exercised by the
      Indemnitees, shall not be limited or otherwise affected by or as a result of
      any
      information furnished or made available to, or any investigation made by or
      any
      knowledge of, any of the Indemnitees or any of their
      Representatives.

     

    (c) Indemnification
      by WinWin. WinWin
      shall hold harmless and indemnify each of the WinWin Indemnitees from and
      against, and shall compensate and reimburse each of the WinWin Indemnitees
      for,
      any Damages that are directly or indirectly suffered or incurred by any of
      the
      WinWin Indemnitees or to which any of the WinWin Indemnitees may otherwise
      become subject at any time (regardless of whether or not such Damages relate
      to
      any third-party claim) and that arise directly or indirectly from or as a direct
      or indirect result of, or are directly or indirectly connected
      with:

     

    (i) any
      inaccuracy in any representation or warranty made by WinWin in this Agreement
      as
      of the date of this Agreement (without giving effect to any qualification as
      to
      materiality or any similar qualification contained in such representation or
      warranty, and without giving effect to any update to the WinWin Disclosure
      Schedule);

     

    (ii) any
      inaccuracy in any representation or warranty made by WinWin in this Agreement
      as
      if such representation and warranty had been made on and as of each Closing
      (without giving effect to any qualification as to materiality or any similar
      qualification contained in such representation or warranty, and without giving
      effect to any update to the WinWin Disclosure Schedule); and

     

    (iii) any
      Legal
      Proceeding relating directly or indirectly to any actual or alleged inaccuracy,
      breach, Liability or matter of the type referred to in clause “(i)” or “(ii)”
above (including any Legal Proceeding commenced by any Indemnitee for the
      purpose of enforcing any of its rights under this Section 14).

     

    (d) Indemnification
      by PBT. PBT
      shall
      hold harmless and indemnify each of the PBT Indemnitees from and against, and
      shall compensate and reimburse each of the PBT Indemnitees for, any Damages
      that
      are directly or indirectly suffered or incurred by any of the PBT Indemnitees
      or
      to which any of the PBT Indemnitees may otherwise become subject at any time
      (regardless of whether or not such Damages relate to any third-party claim)
      and
      that arise directly or indirectly from or as a direct or indirect result of,
      or
      are directly or indirectly connected with:

     

    (i) any
      inaccuracy in any representation or warranty made by PBT in this Agreement
      as of
      the date of this Agreement (without giving effect to any qualification as to
      materiality or any similar qualification contained in such representation or
      warranty, and without giving effect to any update to the PBT Disclosure
      Schedule);

     

    
      
        
        

      

      
        -31-

        
          

        

      

      
        
        

      

    

    

     

    (ii) any
      inaccuracy in any representation or warranty made by PBT in this Agreement
      as if
      such representation and warranty had been made on and as of each Closing
      (without giving effect to any qualification as to materiality or any similar
      qualification contained in such representation or warranty, and without giving
      effect to any update to the PBT Disclosure Schedule); and

     

    (iii) any
      Legal
      Proceeding relating directly or indirectly to any actual or alleged inaccuracy,
      breach, Liability or matter of the type referred to in clause “(i)” or “(ii)”
above (including any Legal Proceeding commenced by any Indemnitee for the
      purpose of enforcing any of its rights under this Section 14).

     

    (e) Satisfaction
      of Indemnification Claims. 

     

    (i) PBT
      shall
      have the right to claw back, and WinWin shall forever forfeit, that number
      of
      PBT Shares issued to WinWin, at a deemed value per share of $5.00 (as adjusted
      for stock splits, stock dividends, stock combinations and similar events, the
      “PBT
      Share Deemed Value”))
      that
      are sufficient to reimburse PBT and its affiliates and Representatives for
      all
      Damages incurred, set forth in a Claim Notice and not disputed within ten
      business days of delivering to WinWin the notice that details such Damages,
      in
      satisfaction of WinWin’s indemnification obligations under Section 14(c).
      The claw back and forfeiture of such PBT Shares shall operate for all purposes
      as a complete discharge of PBT’s obligation to make any payment, provide any
      benefit or afford any right to WinWin to the extent such payment, benefit or
      right would be owing as a result of WinWin’s ownership of the PBT Shares that
      were clawed back and forfeited. 

     

    (ii) WinWin
      shall have the right to claw back, and PBT shall forever forfeit, that number
      of
      WinWin Shares issued to PBT, at a deemed value per share of $79.10 for the
      WinWin Series A-1 Shares and $7.91 for the WinWin Series A Shares (or, in each
      case, $0.791 per Underlying WinWin Share) (as adjusted for stock splits, stock
      dividends, stock combinations and similar events, the “WinWin
      Share Deemed Value”)
      that
      are sufficient to reimburse WinWin and its affiliates and Representatives for
      all Damages incurred, set forth in a Claim Notice and not disputed within ten
      business days of delivering the notice that details such Damages to PBT, in
      satisfaction of PBT’s indemnification obligations under Section 14(d). The
      claw back and forfeiture of such WinWin Shares shall operate for all purposes
      as
      a complete discharge of WinWin’s obligation to make any payment, provide any
      benefit or afford any right to PBT to the extent such payment, benefit or right
      would be owing as a result of PBT’s ownership of the WinWin Shares that were
      clawed back and forfeited.

     

    (f) Threshold;
      Ceiling.

     

    (i) PBT
      shall
      not have the right to claw back any PBT Shares pursuant to Section 14(e)
      for any inaccuracy in any of WinWin’s representations and warranties set forth
      in Section 3 until such time as the total amount of all Damages (including
      the Damages arising from such inaccuracy and all other Damages arising from
      any
      other inaccuracies in any WinWin representations or warranties) that have been
      directly or indirectly suffered or incurred by any one or more of the WinWin
      Indemnitees, or to which any one or more of the WinWin Indemnitees has or have
      otherwise become subject, exceeds $50,000 in the aggregate. (If the total amount
      of such Damages exceeds $50,000, then the WinWin Indemnitees shall be entitled
      to be indemnified against and compensated and reimbursed for all such
      Damages.)

     

    
      
        
        

      

      
        -32-

        
          

        

      

      
        
        

      

    

    

     

    (ii) WinWin
      shall not have the right to claw back any WinWin Shares pursuant to
      Section 14(e) for any inaccuracy in any of PBT’s representations and
      warranties set forth in Section 4 until such time as the total amount of
      all Damages (including the Damages arising from such inaccuracy and all other
      Damages arising from any other inaccuracies in any PBT representations or
      warranties) that have been directly or indirectly suffered or incurred by any
      one or more of the PBT Indemnitees, or to which any one or more of the PBT
      Indemnitees has or have otherwise become subject, exceeds $50,000 in the
      aggregate. (If the total amount of such Damages exceeds $50,000, then the PBT
      Indemnitees shall be entitled to be indemnified against and compensated and
      reimbursed for all such Damages.)

     

    (iii) The
      maximum liability of WinWin under Section 14 for inaccuracies of WinWin’s
      representations and warranties set forth in Section 3 shall be equal to the
      aggregate WinWin Share Deemed Value of the WinWin Shares issued to PBT under
      this Agreement. The maximum liability of PBT under Section 14 for
      inaccuracies of PBT’s representations and warranties set forth in Section 4
      shall be equal to the aggregate PBT Share Deemed Value of the PBT Shares issued
      to WinWin pursuant to this Agreement. 

     

    (iv) The
      limitations set forth in this Section 14(f) shall not apply to losses
      caused by fraud. 

     

    (g) Exclusivity
      of Indemnification Remedies.
      The
      right to indemnification provided in this Section 14 is the exclusive
      remedy for inaccuracies in the representations and warranties set forth in
      Sections 3 and 4.

     

    (h) Defense
      of Third Party Claims.

     

    (i) In
      the
      event of the assertion or commencement by any Person of any claim or Legal
      Proceeding (whether against PBT, against any other Indemnitee or against any
      other Person) with respect to which WinWin may become obligated to indemnify,
      hold harmless, compensate or reimburse any WinWin Indemnitee pursuant to this
      Section 14: (A) PBT shall have the right to control the defense of
      such claim or Legal Proceeding; (B) all expenses relating to the defense of
      such claim or Legal Proceeding (whether or not incurred by PBT) shall be borne
      and paid exclusively by WinWin; (C) WinWin shall make available to PBT any
      documents and materials in the possession or control of WinWin or its
      Representatives that may be necessary to the defense of such claim or Legal
      Proceeding; and (D) PBT shall have the right to settle, adjust or
      compromise such claim or Legal Proceeding with the consent of WinWin, which
      shall not be unreasonably withheld, delayed or conditioned.

     

    (ii) In
      the
      event of the assertion or commencement by any Person of any claim or Legal
      Proceeding (whether against PBT, against any other Indemnitee or against any
      other Person) with respect to which PBT may become obligated to indemnify,
      hold
      harmless, compensate or reimburse any PBT Indemnitee pursuant to this
      Section 14: (A) PBT shall have the right to control the defense of
      such claim or Legal Proceeding; (B) all expenses incurred by PBT relating
      to the defense of such claim or Legal Proceeding shall be borne and paid
      exclusively by PBT; (C) WinWin shall make available to PBT any documents
      and materials in the possession or control of WinWin or its Representatives
      that
      may be necessary to the defense of such claim or Legal Proceeding; and
      (D) PBT shall have the right to settle, adjust or compromise such claim or
      Legal Proceeding without the consent of WinWin. 

     

    
      
        
        

      

      
        -33-

        
          

        

      

      
        
        

      

    

    

     

    (i) Exercise
      of Remedies by Indemnitees other than the Parties.
      No
      Indemnitee (other than the Parties or any successors thereto or assigns thereof)
      shall be permitted to assert any indemnification claim unless the Party to
      which
      Indemnitee is related (or any successor thereto or assign thereof) shall have
      consented to the assertion of such indemnification claim.

     

    15. Miscellaneous.

     

    (a) Successors
      and Assigns.
      The
      terms and conditions of this Agreement will inure to the benefit of and be
      binding upon the respective successors and permitted assigns of the parties.
      Neither Party shall assign this Agreement or any rights or obligations hereunder
      without the prior written consent of the other Party.

     

    (b) Governing
      Law.
      This
      Agreement will be governed by and construed and enforced under the internal
      laws
      of the State of California, without reference to principles of conflict of
      laws
      or choice of laws. 

     

    (c) Dispute
      Resolution.
      Any
      unresolved controversy or claim arising out of or relating to this Agreement,
      except as (i) otherwise provided in this Agreement, or (ii) any such
      controversies or claims arising out of either party’s intellectual property
      rights for which a provisional remedy or equitable relief is sought, shall
      be
      submitted to arbitration by one arbitrator mutually agreed upon by the parties,
      and if no agreement can be reached within 30 days after names of potential
      arbitrators have been proposed by the American Arbitration Association (the
      “AAA”),
      then
      by one arbitrator having reasonable experience in corporate finance transactions
      of the type provided for in this Agreement and who is chosen by the AAA. The
      arbitration shall take place in San Francisco, California, in accordance with
      the AAA rules then in effect, and judgment upon any award rendered in such
      arbitration will be binding and may be entered in any court having jurisdiction
      thereof. There shall be limited discovery prior to the arbitration hearing
      as
      follows: (A) exchange of witness lists and copies of documentary evidence
      and documents relating to or arising out of the issues to be arbitrated,
      (B) depositions of all party witnesses and (C) such other depositions
      as may be allowed by the arbitrators upon a showing of good cause. Depositions
      shall be conducted in accordance with the California Code of Civil Procedure,
      the arbitrator shall be required to provide in writing to the parties the basis
      for the award or order of such arbitrator, and a court reporter shall record
      all
      hearings, with such record constituting the official transcript of such
      proceedings. The prevailing party shall be entitled to reasonable attorney’s
      fees, costs, and necessary disbursements in addition to any other relief to
      which such party may be entitled. Each of the parties to this Agreement consents
      to personal jurisdiction for any equitable action sought in the U.S. District
      Court for the Northern District of California or any court of the State of
      California having subject matter jurisdiction.

     

    
      
        
        

      

      
        -34-

        
          

        

      

      
        
        

      

    

    

     

    (d) Counterparts.
      This
      Agreement may be executed in two or more counterparts, each of which will be
      deemed an original, but all of which together will constitute one and the same
      instrument.

     

    (e) Headings.
      The
      headings and captions used in this Agreement are used for convenience only
      and
      are not to be considered in construing or interpreting this Agreement. All
      references in this Agreement to sections, paragraphs, exhibits and schedules
      will, unless otherwise provided, refer to sections and paragraphs hereof and
      exhibits and schedules attached hereto, all of which exhibits and schedules
      are
      incorporated herein by reference.

     

    (f) Notices.
      Any
      notices and other communications required or permitted under this Agreement
      shall be in writing and shall be delivered (i) personally by hand or by
      courier, (ii) mailed by United States first-class mail, postage prepaid or
      (iii) sent by facsimile, to a Party’s address or facsimile number as
      follows:

     

    
      	if
              to WinWin:	
              WinWin
                Gaming, Inc.

            

    

     

    8687
      West
      Sahara, Suite 201

    Las
      Vegas, NV 89117

    Tel:
      (702) 212-4530

    Fax:
      (702) 212-4553

    Attention:
      Patrick Rogers

     

    with
      a
      copy to:

    Thelen
      Reid & Priest LLP

    701
      Eighth Street, N.W.

    Washington,
      D.C.  20001

    Tel:
      202.508.4281

    Fax:
      202.654.1804

    Attention:
      Louis
      A.
      Bevilacqua

     

    
      	if
              to PBT:  	
               Solidus
                Networks, Inc.

            

    

     

    101
      Second Street, Suite 1100

    San
      Francisco, California 94105

    Tel:
      (415) 281-2200

    Fax:
      (415) 281-2202

    Attention:
      Gus Spanos

     

    with
      a
      copy to:

    Cooley
      Godward
      llp

    101
      California Street, 5th
      Floor

    San
      Francisco, CA 94111

    Tel:
      (415) 693-2000

    Fax:
      (415) 693-2222

    Attention:
      Kenneth L. Guernsey

    
      
        
        

      

      
        -35-

        
          

        

      

      
        
        

      

    

    

    

    ,
      or at
      such other address or facsimile number as a Party may designate by giving at
      least ten days’ advance written notice to the other Party. All such notices and
      other communications shall be deemed given upon (I) receipt or refusal of
      receipt, if delivered personally, (II) three days after being placed in the
      mail, if mailed, or (III) confirmation of facsimile transfer, if
      faxed.

     

    (g) Amendments
      and Waivers.
      This
      Agreement may be amended and the observance of any term of this Agreement may
      be
      waived only with the written consent of the Parties. 

     

    (h) Severability.
      If any
      provision of this Agreement is held to be unenforceable under applicable law,
      such provision will be excluded from this Agreement and the balance of the
      Agreement will be interpreted as if such provision were so excluded and will
      be
      enforceable in accordance with its terms.

     

    (i) Entire
      Agreement.
      This
      Agreement, together with all exhibits and schedules hereto and the
      Confidentiality Letter, constitutes the entire agreement and understanding
      of
      the parties with respect to the subject matter hereof and supersedes any and
      all
      prior negotiations, correspondence, agreements, understandings, duties or
      obligations between the parties with respect to the subject matter
      hereof.

     

    (j) Further
      Assurances.
      From
      and after the date of this Agreement, upon the request of a Party, the other
      Party will execute and deliver such instruments, documents or other writings,
      and take such other actions, as may be reasonably necessary or desirable to
      confirm and carry out and to effectuate fully the intent and purposes of this
      Agreement.

     

    (k) Meanings.
      Whenever in this Agreement the word “include” or “including” is used, it shall
      be deemed to mean “include, without limitation” or “including, without
      limitation,” as the case may be, and the language following “include” or
“including” shall not be deemed to set forth an exhaustive list. All references
      to “dollars” or “$” shall be deemed to mean United States dollars.

     

    (l) Fees,
      Costs and Expenses.
      Except
      as otherwise provided for in this Agreement, all fees, costs and expenses
      (including attorneys’ fees and expenses) incurred by any party hereto in
      connection with the preparation, negotiation and execution of this Agreement
      and
      the exhibits and schedules hereto and the consummation of the transactions
      contemplated hereby and thereby (including the costs associated with any filings
      with, or compliance with any of the requirements of any governmental
      authorities), shall be the sole and exclusive responsibility of such party.
      

     

    (m) Stock
      Splits, Dividends and other Similar Events.
      The
      provisions of this Agreement shall be appropriately adjusted to reflect any
      stock split, stock dividend, reorganization or other similar event that may
      occur with respect to either Party after the date hereof.

     

    
      
        
        

      

      
        -36-

        
          

        

      

      
        
        

      

    

    (n) Remedies.
      In
      addition to being entitled to exercise all rights provided herein or granted
      by
      law, including recovery of damages, each Party will be entitled to specific
      performance under this Agreement. The Parties agree that monetary damages may
      not be adequate compensation for any loss incurred by reason of any breach
      of
      obligations described in the foregoing sentence and hereby agrees to waive
      in
      any action for specific performance of any such obligation the defense that
      a
      remedy at law would be adequate.

     

    [Signature
      page follows]

     

    

     

    

     

    
      
        
        

      

      
        -37-

        
          

        

      

      
        
        

        
        

      

    

    The
      parties hereto have executed this Agreement as of the date and year first above
      written.

     

    
      	 	
              WinWin
                Gaming, Inc.

               

               

            
	 	
              /s/
                Patrick Rogers

            
	 	
              Name:
                Patrick Rogers 

            
	 	
              Title:
                President / CEO

               

               

               

               

            
	 	
              Solidus
                Networks, Inc.

            
	 	
               

               

            
	 	
              Name:
                

            
	 	
              Title:
                

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    The
      parties hereto have executed this Agreement as of the date and year first above
      written.

     

    
      	 	
              WinWin
                Gaming, Inc.

               

            
	 	 
	 	
              Name:
                Patrick Rogers 

            
	 	
              Title:
                President / CEO

               

               

               

            
	 	
              Solidus
                Networks, Inc.

               

               

            
	 	
              /s/
                Steve Zelinger

            
	 	
              Name:
                Steve Zelinger

            
	 	
              Title:
                EVP & GC

            

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        
          

        

      

    

    Exhibits

    
      

        
          	 	
                  Exhibit A

                	
                   Form
                    of WinWin Registration Rights Agreement

                
	 	
                   

                	 
	 	
                  Exhibit B 

                	
                  Form
                    of Opinion of WinWin Counsel

                
	 	
                   

                	 
	 	
                  Exhibit C 

                	
                  Form
                    of Investment Option Agreement 

                
	 	
                   

                	 
	 	
                  Exhibit D 

                	
                  China
                    Sales Representative Term Sheet 

                
	 	
                   

                	 
	 	
                  Exhibit E 

                	
                  Form
                    of Restated Charter

                
	 	
                   

                	 
	 	
                  Exhibit F 

                	
                  Form
                    of Opinion of WinWin Delaware Counsel

                
	 	
                   

                	 
	 	
                  Exhibit
                    G

                	
                   Form
                    of Certificate of Designation of Preferences of Series A-1 Preferred
                    Stock

                

        

      

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        
          

        

      

    

    EXHIBIT
      A

    (Form
      of Registration Rights Agreement)

     

    

     

    REGISTRATION
      RIGHTS AGREEMENT

     

    THIS
      REGISTRATION RIGHTS AGREEMENT is made as of August 31, 2006, by and between
      WINWIN GAMING, INC., a Delaware corporation (together with any successor
      thereto, the “Company”),
      and
      SOLIDUS NETWORKS, INC., dba PayByTouch Solutions, a Delaware corporation
      (“PBT”).

     

    BACKGROUND

     

    The
      Company and PBT have entered into a Second Amended and Restated Joint Venture
      Agreement, dated as of August 31, 2006 (as amended, restated, supplement or
      otherwise modified from time to time, the “JV
      Agreement”),
      pursuant to which, among other things, PBT has agreed to purchase shares of
      the
      Company’s Series A-1 Preferred Stock, US$0.01 par value per share (the
“Series
      A-1 Preferred Stock”),
      and
      shares of the Company’s Series A Preferred Stock, US$0.01 par value per share
      (the “Series
      A Preferred Stock”).

     

    The
      Company and PBT desire to provide for certain arrangements with respect to
      the
      registration of shares of capital stock of the Company under the Securities
      Act
      (as defined herein). 

     

    The
      execution and delivery of this Agreement is a condition precedent to the
      transaction contemplated by the JV Agreement.

     

    AGREEMENT

     

    NOW,
      THEREFORE,
      in
      consideration of the mutual covenants and agreements set forth in this
      Agreement, and for other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, the parties hereto agree as
      follows:

     

    1. Certain
      Definitions.
      Capitalized terms used in this Agreement and not otherwise defined shall have
      the following respective meanings:

     

    “Agreement”
shall
      mean this Registration Rights Agreement, as amended, restated, supplemented
      or
      otherwise modified from time to time.

     

    “Commission”
shall
      mean the United States Securities and Exchange Commission or any other federal
      agency at the time administering the Securities Act and the Exchange
      Act.

     

    “Common
      Stock”
shall
      mean the Company’s Common Stock, US$0.01 par value per share, and any other
      common equity securities now or hereafter issued by the Company, and any other
      shares of stock issued or issuable with respect thereto (whether by way of
      a
      stock dividend or stock split or in exchange for or in replacement of or upon
      conversion of such shares or otherwise in connection with a combination of
      shares, recapitalization, merger, consolidation or other corporate
      reorganization).

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    “Exchange
      Act”
shall
      mean the Securities Exchange Act of 1934, as amended, or any similar successor
      federal statute, and the rules and regulations of the Commission thereunder,
      all
      as the same shall be in effect at the time.

     

    “New
      Securities”
shall
      mean equity securities of the Company, whether now authorized or not, or rights,
      options, or warrants to purchase said equity securities, or securities of any
      type whatsoever that are, or may become, convertible into or exchangeable into
      or exercisable for said equity securities.

     

    “Person”
shall
      mean any individual, sole proprietorship, partnership, joint venture, trust,
      unincorporated organization, association, corporation, limited liability
      company, institution, public benefit corporation, other entity or government
      (whether federal, state, county, city, municipal, local, foreign, or otherwise,
      including any instrumentality, division, agency, body or department
      thereof).

     

    “Preferred
      Stock”
shall
      mean the Series A-1 Preferred Stock and the Series A Preferred
      Stock.

     

    “Registrable
      Securities”
shall
      mean (a)
      the
      shares of Common Stock issued or issuable upon conversion of any Preferred
      Stock, (b) any other shares of Common Stock issued or issuable pursuant to
      the
      JV Agreement or any option granted pursuant thereto, and (c) any additional
      shares of Common Stock issued or distributed by way of a dividend, stock split
      or other distribution in respect of any share of Preferred Stock or any share
      of
      Common Stock into which any share of Preferred Stock was converted, or acquired
      by way of any rights offering or similar offering made in respect thereof;
      provided,
      however,
      that
      notwithstanding anything to the contrary contained herein, “Registrable
      Securities” shall not at any time include any securities (i) registered and sold
      pursuant to the Securities Act, or (ii) sold pursuant to Rule 144 promulgated
      under the Securities Act.

     

    “Securities
      Act”
shall
      mean the Securities Act of 1933, as amended, or any similar successor federal
      statute, and the rules and regulations of the Commission thereunder, all as
      the
      same shall be in effect at the time.

     

    2. Registrations.

     

    (a) Demand
      Registration.
      

     

    (i) If
      the
      Company shall be requested in writing by holders (the “Holders”)
      of a
      majority of the Registrable Securities to file a registration statement for
      Registrable Securities having an aggregate offering price to the public of
      not
      less than US$15,000,000 under the Securities Act (a “Demand
      Notice”)
      in
      accordance with this Section 2(a),
      then
      the Company shall use best efforts to effect such a registration statement.
      Upon
      receipt of a Demand Notice, the Company shall, within 10 days, give written
      notice of such proposed registration to all Holders and shall offer to include
      in such proposed registration any Registrable Securities requested to be
      included in such proposed registration by such Holders who respond in writing
      to
      the Company’s notice within 30 days after delivery of such notice (which
      response shall specify the number of Registrable Securities proposed to be
      included in such registration). The Company shall promptly use best efforts
      to
      effect such registration as soon as practicable on an appropriate form,
      including Form S-2 or S-3, if available, under the Securities Act of the
      Registrable Securities which the Company has been so requested to register;
      provided,
      however,
      that
      the Company shall not be obligated to effect any registration under the
      Securities Act in the following circumstances:

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

    

     

    (A) after
      the
      Company has already filed two registration statements initiated by the Holders
      of Registrable Securities pursuant to this Section 2(a);
      or

     

    (B) during
      any period in which any other registration statement (other than on
      Form S-4 or Form S-8 promulgated under the Securities Act or any
      successor forms thereto) pursuant to which Registrable Securities are to be
      or
      were sold has been filed and not withdrawn or has been declared effective within
      the prior 90 days.

     

    (ii) If
      the
      Holders requesting to be included in a registration pursuant to this
Section 2(a)
      so
      elect, the offering of such Registrable Securities pursuant to such registration
      shall be in the form of an underwritten offering. The Holders of a majority
      of
      the Registrable Securities requested to be included in such registration shall
      select one or more nationally recognized firms of investment bankers reasonably
      acceptable to the Company to act as the lead managing underwriter or
      underwriters in connection with such offering and shall select any additional
      investment bankers and managers to be used in connection with the offering,
      which shall also be reasonably acceptable to the Company. 

     

    (iii) With
      respect to any registration pursuant to this Section 2(a),
      the
      Company may include in such registration any Common Stock; provided,
      however,
      that if
      the managing underwriter advises the Company that the inclusion of all
      Registrable Securities and Common Stock requested to be included by the Company
      in such registration would interfere with the successful marketing (including
      pricing) of all such securities, then the number of Registrable Securities
      and
      Common Stock proposed to be included in such registration shall be included
      in
      the following order: 

     

    (A) first,
      the
      Registrable Securities shall be included, pro rata among the participating
      Holders based upon the number of Registrable Securities held by such Holders
      at
      the time of such registration; and

     

    (B) second,
      Common
      Stock requested to be included by the Company.

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

    

     

    (iv) At
      any
      time before the registration statement covering Registrable Securities becomes
      effective, Holders of a majority of the Registrable Securities requested to
      be
      included in such registration may request the Company to withdraw or not to
      file
      the registration statement. In that event, if such request of withdrawal shall
      have been caused by, or made in response to, a material adverse effect or change
      in the Company’s financial condition, operations, business or prospects, such
      Holders of Registrable Securities shall not be deemed to have used one of their
      demand registration rights under this Section 2(a).
      

     

    (b) Registrations
      on Form S-3.
      Notwithstanding anything contained in Section 2
      to the
      contrary, at such time as the Company shall have qualified for the use of
      Form S-3 promulgated under the Securities Act or any successor form
      thereto, Holders of Registrable Securities shall have the right to request
      in
      writing up to two registrations on Form S-3 or any such successor forms of
      Registrable Securities, which request or requests shall (i) specify the number
      of Registrable Securities intended to be sold or disposed of and the Holders
      thereof, (ii) state the intended method of disposition of such Registrable
      Securities, and (iii) relate to Registrable Securities having an anticipated
      aggregate offering price of at least US$5,000,000. A requested registration
      on
      Form S-3 or any such successor forms in compliance with this Section 2(b)
      shall
      not count as a demand registration pursuant to Section 2(a),
      but
      shall otherwise be treated as a registration initiated pursuant to and shall,
      except as otherwise expressly provided in this Section 2(b),
      be
      subject to Section 2(a).

     

    (c) Piggyback
      Registration.
      If, at
      any time or times the Company shall seek to register any shares of its Common
      Stock under the Securities Act for sale to the public for its own account or
      on
      the account of others (except with respect to registration statements on
      Form S-4, S-8 or another form not available for registering the Registrable
      Securities for sale to the public), the Company will promptly give written
      notice thereof to all Holders. If within ten (10) business days after their
      receipt of such notice one or more Holders request in writing the inclusion
      of
      some or all of the Registrable Securities owned by them in such registration,
      the Company will use best efforts to effect the registration under the
      Securities Act of such Registrable Securities. In the case of the registration
      of shares of capital stock by the Company in connection with any underwritten
      public offering, if the principal underwriter determines that the number of
      Registrable Securities to be offered must be limited, the Company shall not
      be
      required to register Registrable Securities of the Holders in excess of the
      amount, if any, of shares of the capital stock which the principal underwriter
      of such underwritten offering shall reasonably and in good faith agree to
      include in such offering in addition to any amount to be registered for the
      account of the Company; provided, however, that in no event shall the
      Registrable Securities to be included by PBT or its designee be reduced to
      below
      25% of the total amount of securities included in the registration.

     

    (d) Obligations
      Subject to Existing Obligations.
      Notwithstanding anything contained in Section 2
      to the
      contrary, the Company’s obligations under this Section 2 shall be subject to its
      obligations pursuant to Section 4(k) of the Securities Purchase Agreement by
      and
      between the Company and Van Wagoner Private Opportunities Fund, dated as of
      February 25, 2005 (the “Existing
      Obligations”).
      The
      Company will not increase, extend or otherwise amend any of the Existing
      Obligations without the prior written consent of the Holders of a majority
      of
      the then outstanding Registrable Securities, and will promptly notify the
      Holders of the expiration of the Existing Obligations.

     

    3. Further
      Obligations of the Company.
      Whenever the Company is required hereunder to register any Registrable
      Securities, it agrees that it shall also do the following:

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

    

     

    (a) Pay
      all
      expenses of such registrations and offerings in connection with any
      registrations pursuant to Section 2
      hereof;
provided,
      however, that
      the
      Company shall have no obligation to pay or otherwise bear any portion of the
      underwriters’ commissions or discounts attributable to the Registrable
      Securities being offered and sold by the Holders or the fees and expenses of
      any
      counsel for the selling Holders in connection with the registration of the
      Registrable Securities;

     

    (b) Use
      its
      best efforts to diligently prepare and file with the Commission a registration
      statement and such amendments and supplements to said registration statement
      and
      the prospectus used in connection therewith as may be necessary to keep said
      registration statement effective until the Holder or Holders have completed
      the
      distribution described in the registration statement relating thereto (but
      for
      no more than one hundred eighty (180) days or such lesser period until all
      such
      Registrable Securities are sold) and to comply with the provisions of the
      Securities Act with respect to the sale of securities covered by said
      registration statement for such period; provided,
      however,
      that
      (i) such 180-day period shall be extended for a period of time equal to the
      period the Holder refrains from selling any securities included in such
      registration at the request of an underwriter of Common Stock (or other
      securities) of the Company; and (ii) in the case of any registration of
      Registrable Securities on Form S-3 that are intended to be offered on a
      continuous or delayed basis, subject to compliance with applicable Commission
      rules, such 180-day period shall be extended for up to an additional 120 days,
      if necessary, to keep the registration statement effective until all such
      Registrable Securities are sold;

     

    (c) Furnish
      to each selling Holder such copies of each preliminary and final prospectus
      as
      such Holder may reasonably request to facilitate the public offering of its
      Registrable Securities;

     

    (d) Enter
      into and perform its obligations under any reasonable underwriting agreement
      required by the proposed underwriter, if any, in such form and containing such
      terms as are customary;

     

    (e) Use
      its
      best efforts to register or qualify the securities covered by said registration
      statement under the securities or “blue sky” laws of such jurisdictions as any
      selling Holder may reasonably request provided the Company shall not be required
      to qualify to do business or file a general consent to service of process in
      connection therewith; 

     

    (f) Immediately
      notify each selling Holder, at any time when a prospectus relating to his,
      her
      or its Registrable Securities is required to be delivered under the Securities
      Act, of the happening of any event (other than an event relating to a Holder
      or
      a plan of distribution delivered by a Holder) as a result of which such
      prospectus contains an untrue statement of a material fact or omits any material
      fact necessary to make the statements therein not misleading, and, to the extent
      required by the Securities Act, at the request of any such selling Holder,
      prepare a supplement or amendment to such prospectus so that, as thereafter
      delivered to the purchasers of such Registrable Securities, such prospectus
      will
      not contain any untrue statement of a material fact or omit to state any
      material fact necessary to make the statements therein not
      misleading;

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

    

     

    (g) Cause
      upon or immediately after the effectiveness of a registration all such
      Registrable Securities to be listed on each securities exchange or quotation
      system on which the Common Stock of the Company are then listed or quoted;
      

     

    (h) Make
      available to each selling Holder, any underwriter participating in any
      disposition pursuant to a registration statement, and any attorney, accountant
      or other agent or representative retained by any such selling Holder or
      underwriter, all financial and other records, pertinent corporate documents
      and
      properties of the Company, as shall be reasonably necessary to enable them
      to
      exercise their due diligence responsibility, subject to appropriate
      confidentiality undertakings;

     

    (i) use
      its
      best efforts to furnish, at the request of any Holder requesting registration
      of
      Registrable Securities pursuant to this Section 2, on the date on which
      such Registrable Securities are sold to the underwriter, (i) an opinion, dated
      such date, of the counsel representing the Company for the purposes of such
      registration, in form and substance as is customarily given to underwriters
      in
      an underwritten public offering, addressed to the underwriters, if any, and
      (ii)
      a “comfort” letter dated such date, from the independent certified public
      accountants of the Company, in form and substance as is customarily given by
      independent certified public accountants to underwriters in an underwritten
      public offering, addressed to the underwriters, if any;

     

    (j) Otherwise
      use its best efforts to comply with the securities laws of the United States
      and
      other applicable jurisdictions and all applicable rules and regulations of
      the
      Commission and comparable governmental agencies in other applicable
      jurisdictions and make generally available to its Holders, in each case as
      soon
      as practicable, but not later than forty-five (45) days after the close of
      the
      period covered thereby or ninety (90) days after the closing of the fiscal
      year,
      as the case may be, an earnings statement of the Company which will satisfy
      the
      provisions of Section 11(a) of the Securities Act;

     

    (k) Provide
      an institutional transfer agent and registrar and a CUSIP number for all
      Registrable Securities on or before the effective date of the registration
      statement; and

     

    (l) Make
      available for inspection by any Holder, any underwriter participating in any
      disposition pursuant to the registration statement, and any attorney,
      accountant, or other agent of any Holder or underwriter, all financial and
      other
      records, pertinent corporate documents, and properties of the Company, and
      cause
      the Company’s officers, directors and employees to supply all information
      requested by any Holder, underwriter, attorney, accountant, or agent in
      connection with the registration statement; provided that an appropriate
      confidentiality agreement is executed by any such Holder, underwriter, attorney,
      accountant or other agent.

     

    4. Cooperation
      by Prospective Sellers.

     

    (a) Each
      prospective seller of Registrable Securities shall furnish to the Company in
      writing such information as the Company may reasonably request from such seller
      in connection with any registration statement with respect to such Registrable
      Securities.

     

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

    

     

    (b) The
      failure of any prospective seller of Registrable Securities to furnish any
      information or documents in accordance with any provision contained in this
      Agreement shall not affect the obligations of the Company under this Agreement
      to any remaining sellers who furnish such information and documents unless,
      in
      the reasonable opinion of counsel to the Company and/or the underwriters, such
      failure impairs or adversely affects the offering or the legality of the
      registration statement or causes the request not to meet the requirements of
      Section 2
      of this
      Agreement.

     

    (c) Upon
      receipt of a notice (telephonic or written) from the Company or the underwriter
      of the happening of an event which makes any statement made in a registration
      statement or related prospectus covering Registrable Securities untrue or which
      requires the making of any changes in such registration statement or prospectus
      so that they will not contain any untrue statement of material fact or omit
      to
      state any material fact required to be stated therein or necessary to make
      the
      statements therein in light of the circumstances under which they were made
      not
      misleading, the Holders of Registrable Securities included in such registration
      statement shall discontinue disposition of such Registrable Securities pursuant
      to such registration statement until such Holders’ receipt of copies of the
      supplemented or amended prospectus contemplated in Section 3(f)
      hereof
      or until advised by the Company or the underwriters that dispositions may be
      resumed. If the Company gives any such notice, the time period mentioned in
      Section 3(b)
      shall be
      extended by the number of days elapsing between the date of notice and the
      date
      that each seller receives copies of the supplemented or amended prospectus
      contemplated by Section 3(f).

     

    (d) Each
      Holder of Registrable Securities included in any registration statement will
      effect sales of such securities in accordance with the plan of distribution
      given to the Company.

     

    (e) At
      the
      end of any period during which the Company is obligated to keep any registration
      statement current and effective as provided in this Agreement, the Holders
      of
      Registrable Securities included in such registration statement shall discontinue
      sales of shares pursuant to such registration statement, unless it receives
      notice from the Company of its intention to continue effectiveness of such
      registration statement with respect to such shares which remain unsold and
      such
      Holders shall notify the Company of the number of shares registered which remain
      unsold promptly upon expiration of the period during which the Company is
      obligated to maintain the effectiveness of the registration
      statement.

     

    (f) No
      Person
      may participate in any underwritten registration pursuant to this Agreement
      unless such Person (i) agrees to sell such Person’s securities on the basis
      provided in any underwriting arrangements made with respect to such registration
      and (ii) completes and executes all questionnaires, powers of attorney,
      indemnities, underwriting agreements and other documents reasonably required
      by
      the terms of such underwriting arrangements.

     

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

    

     

    5. Indemnification;
      Contribution.

     

    (a) Incident
      to any registration of any Registrable Securities under the Securities Act
      pursuant to this Agreement, the Company will, to the extent permitted by law,
      indemnify and hold harmless each Holder who offers or sells any such Registrable
      Securities in connection with such registration statement (including its
      partners (including partners of partners and stockholders of any such partners),
      and directors, officers, stockholders, affiliates, employees, representatives
      and agents of any of them, and each person who controls any of them within
      the
      meaning of Section 15 of the Securities Act or Section 20 of the
      Exchange Act), from and against any and all losses, claims, damages, reasonable
      expenses and liabilities, joint or several (including any reasonable
      investigation, legal and other expenses incurred in connection with, and any
      amount paid in settlement of, any action, suit or proceeding or any claim
      asserted, as the same are incurred), to which they, or any of them, may become
      subject under the Securities Act, the Exchange Act or other federal or state
      statutory law or regulation, at common law or otherwise, insofar as such losses,
      claims, damages or liabilities arise out of or are based on (i) any untrue
      statement or alleged untrue statement of a material fact contained in such
      registration statement (including any related preliminary or definitive
      prospectus, or any amendment or supplement to such registration statement or
      prospectus), (ii) any omission or alleged omission to state in such document
      a
      material fact required to be stated in it or necessary to make the statements
      in
      it not misleading; provided,
      however,
      that
      the Company will not be liable to the extent that (1) such loss, claim, damage,
      expense or liability arises from and is based on an untrue statement or omission
      or alleged untrue statement or omission made in reliance on and in conformity
      with information furnished in writing to the Company by or on behalf of such
      Holder in accordance with Section 4(a)
      of this
      Agreement for use in such registration statement, or (2) in the case of a sale
      directly by such Holder (including a sale of Registrable Securities through
      any
      underwriter retained by such Holder to engage in a distribution solely on behalf
      of such Holder), such untrue statement or alleged untrue statement or omission
      or alleged omission was contained in a preliminary prospectus and corrected
      in a
      final or amended prospectus, and such Holder failed to deliver a copy of the
      final or amended prospectus at or prior to the confirmation of the sale of
      the
      Registrable Securities to the Person asserting any such loss, claim, damage
      or
      liability in any case where such delivery is required by the Securities Act
      or
      any state securities laws, or (iii) any violation or alleged violation by any
      other party hereto, of the Securities Act, the Exchange Act, any state
      securities law or any rule or regulation promulgated under the Securities Act,
      the Exchange Act or any state securities law. With respect to such untrue
      statement or omission or alleged untrue statement or omission in the information
      furnished in writing to the Company by or on behalf of such Holder in accordance
      with Section 4(a)
      of this
      Agreement for use in such registration statement, such Holder will severally
      and
      not jointly indemnify and hold harmless the Company (including its directors,
      officers, employees, representatives and agents), each other Holder (including
      its partners (including partners of partners and stockholders of such partners)
      and directors, officers, employees, representatives and agents of any of them,
      and each person who controls any of them within the meaning of Section 15
      of the Securities Act or Section 20 of the Exchange Act), from and against
      any and all losses, claims, damages, reasonable expenses and liabilities, joint
      or several (including any reasonable investigation, legal and other expenses
      incurred in connection with, and any amount paid in settlement of, any action,
      suit or proceeding or any claim asserted, as the same are incurred), to which
      they, or any of them, may become subject under the Securities Act, the Exchange
      Act or other federal or state statutory law or regulation, at common law or
      otherwise, provided,
      however,
      that
      the indemnification obligations of the Holder contained in this Section
      5(a)
      shall
      not apply to amounts paid in settlement of any such loss, claim, damage,
      liability or action if such settlement is effected without the consent of the
      Holder, which consent shall not be unreasonably withheld; and provided,
      further,
      that,
      in no event shall any indemnity under this Section
      5(a)
      exceed
      the net proceeds from the offering received by such Holder, except in the case
      of fraud or willful misconduct by such Holder.

     

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

    

     

    (b) If
      the
      indemnification provided for in Section 5(a)
      above
      for any reason is held by a court of competent jurisdiction to be unavailable
      to
      an indemnified party in respect of any losses, claims, damages, expenses or
      liabilities referred to therein, then each indemnifying party under this
Section 5,
      in lieu
      of indemnifying such indemnified party thereunder, shall contribute to the
      amount paid or payable by such indemnified party as a result of such losses,
      claims, damages, expenses or liabilities (i) in such proportion as is
      appropriate to reflect the relative benefits received by the Company and the
      other Holders from the offering of the Registrable Securities or (ii) if the
      allocation provided by clause (i) above is not permitted by applicable law,
      in
      such proportion as is appropriate to reflect not only the relative benefits
      referred to in clause (i) above but also the relative fault of the Company
      and
      the other Holders in connection with the statements or omissions which resulted
      in such losses, claims, damages, expenses or liabilities, as well as any other
      relevant equitable considerations. The relative benefits received by the Company
      and the Holders shall be deemed to be in the same respective proportions that
      the net proceeds from the offering received by the Company and the Holders,
      in
      each case as set forth in the table on the cover page of the applicable
      prospectus, bear to the aggregate public offering price of the Registrable
      Securities. The relative fault of the Company and the Holders shall be
      determined by reference to, among other things, whether the untrue or alleged
      untrue statement of a material fact or the omission or alleged omission to
      state
      a material fact relates to information supplied by or on behalf of the Company
      or the Holders and the parties’ relative intent, knowledge and access to
      information.

     

    The
      Company and the Holders agree that it would not be just and equitable if
      contribution pursuant to this Section 5(b)
      were
      determined by pro rata or per capita allocation or by any other method of
      allocation which does not take account of the equitable considerations referred
      to in the immediately preceding paragraph. No person found guilty of fraudulent
      misrepresentation (within the meaning of Section 11(f) of the Securities
      Act) shall be entitled to contribution from any person who was not found guilty
      of such fraudulent misrepresentation.

     

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

    

     

    (c) The
      amount paid by an indemnifying party or payable to an indemnified party as
      a
      result of the losses, claims, damages and liabilities referred to in this
Section 5
      shall be
      deemed to include, subject to the limitations set forth above, any legal or
      other expenses reasonably incurred by such indemnified party in connection
      with
      investigating or defending any such action or claim, payable as the same are
      incurred. The indemnification and contribution provided for in this Section 5
      will
      remain in full force and effect regardless of any investigation made by or
      on
      behalf of the indemnified parties or any officer, director, employee, agent
      or
      controlling person of the indemnified parties. No indemnifying party, in the
      defense of any such claim or litigation, shall enter into a consent of entry
      of
      any judgment or enter into a settlement without the consent of the indemnified
      party, which consent will not be unreasonably withheld. Any indemnified party
      that proposes to assert the right to be indemnified under this Section 5
      will,
      promptly after receipt of notice of commencement or threat of any claim or
      action against such party in respect of which a claim is to be made against
      an
      indemnifying party under this Section 5
      notify
      the indemnifying party in writing (such written notice, an “Indemnification
      Notice”)
      of the
      commencement or threat of such action, enclosing a copy of all papers served
      or
      notices received (if applicable), but the omission so to notify the indemnifying
      party will not relieve the indemnifying party from any liability that the
      indemnifying party may have to any indemnified party under the foregoing
      provisions of this Section 5
      unless,
      and only to the extent that, such omission results in the forfeiture of
      substantive rights or defenses by the indemnifying party. The indemnified party
      will have the right to retain its own counsel in any such action if (i) the
      employment of counsel by the indemnified party has been authorized by the
      indemnifying party, (ii) the indemnified party’s counsel, shall have reasonably
      concluded that there is a reasonable likelihood of a conflict of interest
      between the indemnifying party and the indemnified party in the conduct of
      the
      defense of such action or (iii) the indemnifying party shall not in fact have
      employed counsel to assume the defense of such action within a reasonable period
      of time following its receipt of the Indemnification Notice, in each of which
      cases the fees and expenses of the indemnified party’s separate counsel shall be
      at the expense of the indemnifying party; provided,
      however,
      that
      the indemnified party shall agree to repay any expenses so advanced hereunder
      if
      it is ultimately determined by a court of competent jurisdiction that the
      indemnified party to whom such expenses are advanced is not entitled to be
      indemnified; and provided,
      further,
      that so
      long as the indemnified party has reasonably concluded that no conflict of
      interest exists, the indemnifying party may assume the defense of any action
      hereunder with counsel reasonably satisfactory to the indemnified
      party.

     

    (d) In
      the
      event of an underwritten offering of Registrable Securities under this
      Agreement, the Company shall enter into standard indemnification and
      underwriting agreements with the underwriter thereof.

     

    6. Right
      to Delay.
      For
      one
      period not to exceed 90 days in any twelve (12) month period, the Company shall
      not be obligated to prepare and file, or prevented from delaying or abandoning,
      a Registration Statement pursuant to this Agreement at any time when the
      Company, in its good faith judgment, reasonably believes:

     

    (a) that
      the
      filing thereof at the time requested, or the offering of Registrable Securities
      pursuant thereto, would materially and adversely affect (i) a pending or
      scheduled public offering of the Company’s securities, (ii) any significant
      acquisition, merger, recapitalization. consolidation, reorganization or other
      similar transaction by or of the Company, (iii) pre-existing and continuing
      negotiations, discussions or pending proposals with respect to any of the
      foregoing transactions, or (iv) the financial condition of the Company in view
      of the disclosure of any pending or threatened litigation, claim, assessment
      or
      governmental investigation which may be required thereby; and

     

    (b) that
      the
      failure to disclose any material information with respect to the foregoing
      would
      cause a violation of the Securities Act or Exchange Act.

     

    The
      Company shall not register any securities for the account of itself or any
      other
      stockholder during such 90-day period other than a registration statement
      relating either to the sale of securities to employees of the Company pursuant
      to a stock option, stock purchase or similar plan or an SEC Rule 145
      transaction, a registration on any form that does not include substantially
      the
      same information as would be required to be included in a registration statement
      covering the sale of the Registrable Securities, or a registration in which
      the
      only Common Stock being registered is Common Stock issuable upon conversion
      of
      debt securities that are also being registered).

     

    
      
        
        

      

      
        -10-

        
          

        

      

      
        
        

      

    

    

     

    7. Transferability
      of Registration Rights.
      The
      registration rights set forth in this Agreement are transferable to any
      transferee of Registrable Securities. Each subsequent Holder of Registrable
      Securities must consent in writing to be bound by the terms and conditions
      of
      this Agreement in order to acquire the rights granted pursuant to this
      Agreement.

     

    8. Rights
      Which May Be Granted to Subsequent Investors.
      Other
      than transferees of Registrable Securities under Section 7
      hereof,
      the Company shall not, without the prior written consent of the Holders of
      a
      majority of the outstanding Registrable Securities, enter into any agreement
      with any holder or prospective holder of any securities of the Company which
      would allow such holder or prospective holder to include such securities in
      any
      registration unless under the terms of such agreement, such holder or
      prospective holder may include such securities in any such registration only
      to
      the extent that the inclusion of such securities will not reduce the amount
      of
      the Registrable Securities of the Holders that are included.

     

    9. Right
      of First Offer.
      Subject
      to the terms and conditions specified in this Section 9,
      and
      applicable securities laws, in the event the Company proposes to offer or sell
      any New Securities, the Company shall first make an offering of such New
      Securities to PBT or its designee in accordance with the following provisions
      of
      this Section 9.
      PBT or
      its designee shall be entitled to apportion the right of first offer hereby
      granted it among itself and its partners, members and affiliates in such
      proportions as it deems appropriate.

     

    (a) The
      Company shall deliver a notice, in accordance with the provisions of
Section 10(a)
      hereof,
      (the “Offer
      Notice”)
      to PBT
      stating (i) its bona fide intention to offer such New Securities, (ii) the
      number of such New Securities to be offered, and (iii) the price and terms,
      if
      any, upon which it proposes to offer such New Securities.

     

    (b) By
      written notification received by the Company, within twenty (20) calendar days
      after mailing of the Offer Notice, PBT or its designee may elect to purchase
      or
      obtain, at the price and on the terms specified in the Offer Notice, up to
      that
      portion of such New Securities which equals the proportion that the number
      of
      shares of Common Stock issued and held, or issuable upon conversion of the
      Preferred Stock (and any other securities convertible into, or otherwise
      exercisable or exchangeable for, shares of Common Stock) then held, by PBT
      bears
      to the total number of shares of Common Stock of the Company then outstanding
      (assuming full conversion and exercise of all convertible or exercisable
      securities).

     

    (c) If
      all
      New Securities referred to in the Offer Notice are not elected to be purchased
      or obtained as provided in Section 9(b)
      hereof,
      the Company may, during the sixty (60) day period following the expiration
      of
      the period provided in Section 9(b)
      hereof,
      offer the remaining unsubscribed portion of such New Securities (collectively,
      the “Refused
      Securities”)
      to any
      person or persons at a price not less than, and upon terms no more favorable
      to
      the offeree than, those specified in the Offer Notice. If the Company does
      not
      enter into an agreement for the sale of the New Securities within such period,
      or if such agreement is not consummated within sixty (60) days following the
      execution thereof, the right provided hereunder shall be deemed to be revived
      and such New Securities shall not be offered unless first reoffered to PBT
      or
      its designee in accordance with this Section 9.

     

    
      
        
        

      

      
        -11-

        
          

        

      

      
        
        

      

    

    

     

    (d) The
      right
      of first offer in this Section 9
      shall
      not be applicable to New Securities issued: 

     

    
      	 	
              i.

            	
              upon
                conversion of shares of Preferred
                Stock;

            

    

     

    
      	 	
              ii.

            	
              to
                officers, directors, employees and consultants of the Company pursuant
                to
                stock incentive plans, or other stock arrangements that have been
                approved
                by the Board of Directors of the Company including the directors
                elected
                by the holders of a majority of the Preferred Stock (the “Series
                A Directors”);

            

    

     

    
      	 	
              iii.

            	
              as
                a dividend or distribution on the Corporation’s Common Stock or Preferred
                Stock;

            

    

     

    
      	 	
              iv.

            	
              upon
                the written consent of PBT that expressly states that the right of
                first
                offer in this Section 9 shall not apply to such New
                Securities;

            

    

     

    
      	 	
              v.

            	
              upon
                the exercise or conversion of any options or other convertible securities
                outstanding as of the date hereof;

            

    

     

    
      	 	
              vi.

            	
              pursuant
                to a loan arrangement or debt financing from a bank, equipment lessor
                or
                similar financial institution approved by the Board of Directors,
                including the Series A Directors;
                or

            

    

     

    
      	 	
              vii.

            	
              in
                connection with strategic transactions (but excluding any merger,
                consolidation, acquisition or similar business combination) that
                have been
                approved by the Board of Directors of the Corporation including the
                Series
                A Directors.

            

    

     

    (e) The
      right
      of first offer set forth in this Section 9
      may not
      be assigned or transferred except that such right is assignable by PBT to any
      affiliate of PBT.

     

    10. Miscellaneous.

     

    (a) Notices.
      Except
      as
      otherwise expressly provided herein, all notices, requests, demands, claims,
      and
      other communications hereunder will be in writing. Any such notice, request,
      demand, claim, or
      other
      communication hereunder shall be deemed duly given (i) upon confirmation of
      facsimile, (ii) one (1) business day following the date sent when sent by
      overnight delivery and (iii) five (5) business days following the date mailed
      when mailed by registered
      or certified mail return receipt requested and postage prepaid at the following
      addresses (or
      such
      other address for a party as shall be specified by such party by like
      notice):
      All
      communications shall be sent to PBT at 101 Second Street, Suite 1100, San
      Francisco, California 94105, and to the Company at 8687 West Sahara, Suite
      201,
      Las Vegas, NV 89117, or at such other address(es) as PBT or the Company may
      designate by ten (10) days advance written notice to the other parties
      hereto.

     

    
      
        
        

      

      
        -12-

        
          

        

      

      
        
        

      

    

    

     

    (b) Entire
      Agreement.
      This
      Agreement, together with the instruments and other documents hereby contemplated
      to be executed and delivered in connection herewith, contains the entire
      agreement and understanding of the parties hereto, and supersedes any prior
      agreements or understandings between or among them, with respect to the subject
      matter hereof.

     

    (c) Successors
      and Assigns.
       The
      terms
      and conditions of this Agreement shall inure to the benefit of and be binding
      upon the respective successors and assigns of the parties. Nothing in this
      Agreement, express or implied, is intended to confer upon any party other than
      the parties hereto or their respective successors and assigns any rights,
      remedies, obligations, or liabilities under or by reason of this Agreement,
      except as expressly provided in this Agreement.

     

    (d) Successor
      Indemnification.
      In the
      event that the Company or any of its successors or assigns (i) consolidates
      with
      or merges into any other entity and shall not be the continuing or surviving
      corporation or entity of such consolidation or merger or (ii) transfers or
      conveys all or substantially all of its properties and assets to any person
      or
      entity, then, and in each such case, to the extent necessary, proper provision
      shall be made so that the successors and assigns of the Company assume the
      obligations of the Company with respect to indemnification of members of the
      Board of Directors as in effect immediately prior to such transaction, whether
      in the Company’s bylaws, Certificate of Incorporation, or elsewhere, as the case
      may be.

     

    (e) Amendments
      and Waivers.
      Except
      as
      otherwise expressly set forth in this Agreement, any term of this Agreement
      may
      be amended and the observance of any term of this Agreement may be waived
      (either generally or in a particular instance and either retroactively or
      prospectively), with the written consent of the Company and the Holders of
      a
      majority of the Preferred Stock. No waivers of or exceptions to any term,
      condition or provision of this Agreement, in any one or more instances, shall
      be
      deemed to be, or construed as, a further or continuing waiver of any such term,
      condition or provision. 

     

    (f) Counterparts;
      Facsimile Execution.
      This
      Agreement may be executed in multiple counterparts, each of which shall
      constitute an original but all of which shall constitute but one and the same
      instrument. One or more counterparts of this Agreement may be delivered via
      telecopier, with the intention that they shall have the same effect as an
      original counterpart hereof.
      Facsimile execution and delivery of this Agreement is legal, valid and binding
      for all purposes. 

     

    (g) Captions.
      The
      captions of the sections, subsections and paragraphs of this Agreement have
      been
      added for convenience only and shall not be deemed to be a part of this
      Agreement. 

     

    (h) Severability.
      Each
      provision of this Agreement shall be interpreted in such manner as to validate
      and give effect thereto to the fullest lawful extent, but if any provision
      of
      this Agreement is determined by a court of competent jurisdiction to be invalid
      or unenforceable under applicable law, such provision shall be ineffective
      only
      to the extent so determined and such invalidity or unenforceability shall not
      affect the remainder of such provision or the remaining provisions of this
      Agreement; provided,
      however,
      that
      the Company and the Holders of a majority of the Registrable Securities shall
      negotiate in good faith to attempt to implement an equitable adjustment in
      the
      provisions of this Agreement with a view toward effecting the purposes of this
      Agreement by replacing the provision that is invalid or unenforceable with
      a
      valid and enforceable provision the economic effect of which comes as close
      as
      possible to that of the provision that has been found to be invalid and
      unenforceable. 

     

    
      
        
        

      

      
        -13-

        
          

        

      

      
        
        

      

    

    

     

    (i) Governing
      Law.
      The
      execution, interpretation, and performance of this Agreement shall be governed
      by the laws of the State of California without giving effect to any choice
      in
      conflict of law provision or rule (whether of the State of California or any
      other jurisdiction) that would cause the application of the law of any other
      jurisdiction other than the State
      of
      California.

     

    (j) Dispute
      Resolution.
      Any
      unresolved controversy or claim arising out of or relating to this Agreement,
      except as (i) otherwise provided in this Agreement, or (ii) any such
      controversies or claims arising out of either party’s intellectual property
      rights for which a provisional remedy or equitable relief is sought, shall
      be
      submitted to arbitration by one arbitrator mutually agreed upon by the parties,
      and if no agreement can be reached within 30 days after names of potential
      arbitrators have been proposed by the American Arbitration Association (the
      “AAA”),
      then
      by one arbitrator having reasonable experience in corporate finance transactions
      of the type provided for in this Agreement and who is chosen by the AAA. The
      arbitration shall take place in San Francisco, California, in accordance with
      the AAA rules then in effect, and judgment upon any award rendered in such
      arbitration will be binding and may be entered in any court having jurisdiction
      thereof. There shall be limited discovery prior to the arbitration hearing
      as
      follows: (a) exchange of witness lists and copies of documentary evidence and
      documents relating to or arising out of the issues to be arbitrated, (b)
      depositions of all party witnesses and (c) such other depositions as may be
      allowed by the arbitrators upon a showing of good cause. Depositions shall
      be
      conducted in accordance with the California Code of Civil Procedure, the
      arbitrator shall be required to provide in writing to the parties the basis
      for
      the award or order of such arbitrator, and a court reporter shall record all
      hearings, with such record constituting the official transcript of such
      proceedings. The prevailing party shall be entitled to reasonable attorney’s
      fees, costs, and necessary disbursements in addition to any other relief to
      which such party may be entitled. 

     

    (k) Specific
      Performance.
      The
      parties hereto agree that irreparable damage would occur in the event that
      any
      provision of this Agreement was not performed in accordance with the terms
      hereof and that the parties hereto shall be entitled to seek specific
      performance of the terms hereof (without necessity of posting a bond in
      connection therewith), in addition to any other remedy at law or equity
      otherwise permitted hereunder.

     

    [Signature
      page follows]

     

    

     

    
      
        
        

      

      
        -14-

        
          

        

      

      
        
        

        
          

        

      

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Registration Rights
      Agreement to be duly executed as of the date first set forth above.

     

    
      	 	
              Solidus
                Networks, Inc.

               

               

               

              By:
                _________________________________ 

              Name:

              Title:

            
	 	
               

               

              WinWin
                Gaming, Inc.

               

               

               

              By:_________________________________ 

              Name:

              Title:

            
	 	 

    

    

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
      B

    (Form
      of Opinion of WinWin Counsel)

    

    ON
      LETTERHEAD OF THELEN REID & PRIEST LLP

    

    August
      ____ , 2006

    

    Solidus
      Networks, Inc., 

    dba
      PayByTouch Solutions

    101
      Second Street Suite 1100

    San
      Francisco CA 94105

    

    Re:
      WinWin Gaming, Inc.

    

    Ladies
      and Gentlemen:

     

    We
      have
      acted as counsel to WinWin Gaming, Inc., a Delaware corporation (the
“Company”),
      in
      connection with that certain Second Amended and Restated Joint Venture
      Agreement, dated as of August ___, 2006 (the “Agreement”),
      between the Company and Solidus Networks, Inc., dba PayByTouch Solutions, a
      Delaware corporation (“PBT”).
      This
      opinion is furnished to PBT pursuant to Section
      6(e)
      of the
      Agreement. All capitalized terms not otherwise defined herein shall have the
      meanings given to them in the Agreement. Items (a) through (d), below are
      hereinafter referred to collectively as the “Opinion
      Documents”
and
      items (a) through (c) below are hereinafter referred to collectively as the
      “Enforceability
      Documents.”

     

    For
      purposes of the opinions expressed herein, we have examined, among other
      documents, the following documents:

     

    
      	 	
              (a)

            	
              the
                Agreement;

            

    

     

    
      	 	
              (b)

            	
              that
                certain Amended and Restated Voting Agreement, Irrevocable Proxy
                and Form
                of Stockholders’ Written Consent, dated ____,
                2006;

            

    

     

    
      	 	
              (c)

            	
              that
                certain Registration Rights Agreement, of even date herewith, by
                and
                between the Company and PBT;

            

    

     

    
      	 	
              (d)

            	
              the
                Certificate of Designation of Powers Designations, Preferences and
                Relative Participating, Optional or Other Special Rights and
                Qualifications, Limitations and Restrictions of the Series A-1 Preferred
                Stock of the Company (the “Certificate
                of Designation”);
                

            

    

     

    
      	 	
              (e)

            	
              the
                Bylaws of the Company, as certified on the date hereof by an officer
                of
                the Company (the “Bylaws”);

            

    

     

    
      	 	
              (f)

            	
              the
                Certificate of Incorporation of the Company, as filed with the Secretary
                of State of the State of Delaware on December
                30, 1992
                (the “Certificate
                of Incorporation”
                and, together with the Bylaws, the “Governing
                Documents”);

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	 	
              (g)

            	
              a
                Good Standing Certificate issued by the Secretary of State of the
                State of
                Delaware on August ____, 2006, certifying as to the good standing
                of the
                Company in Delaware; 

            

    

     

    
      	 	
              (h)

            	
              a
                Good Standing Certificate issued by the Secretary of State of the
                State of
                Nevada on August ____, 2006, certifying as to the good standing of
                the
                Company in Nevada; and

            

    

     

    
      	 	
              (i)

            	
              a
                Certificate from the Chief Executive Officer or Chief Financial Officer
                of
                the Company, certifying as to certain factual matters, corporate
                documents
                and actions (the “Officer’s
                Certificate”).

            

    

     

    In
      addition, we have examined originals or copies, certified or otherwise
      identified to our satisfaction, of such corporate records, agreements, documents
      and other instruments, and of certificates or comparable documents of public
      officials and of officers and representatives of the Company, and have made
      such
      inquiries of such officers and representatives as we have deemed relevant and
      necessary as the basis for the opinions hereinafter set forth. We have not
      searched any computer databases or the dockets of any court, governmental or
      administrative body, agency or other filing office in any jurisdiction or
      conducted any other independent investigation. In addition, the opinion
      expressed in paragraph 1 below as to the existence and good standing of the
      Company in Delaware is based solely upon the certificates and other documents
      referred to in paragraph (g) above; the opinion expressed in paragraph 3 below
      as to the qualification and good standing of the Company in Nevada is based
      solely upon the certificates and other documents referred to in paragraph (h)
      above; and the opinion expressed in paragraph 6 below as to the capitalization
      of the Company is based solely upon our review of the Certificate of
      Incorporation, the stock records of the Company and the Officer’s Certificate
      referred to in paragraph (i) above. As to all questions of fact material to
      the
      opinions set forth herein, we have relied solely upon certificates or other
      comparable documents of officers and other representatives of the Company and
      upon the representations and warranties of the Company contained in the Opinion
      Documents. While we have not conducted any independent investigation to
      determine facts upon which our opinions are based or to obtain information
      about
      which this letter advises you, we confirm that we do not have any knowledge
      which has caused us to conclude that our reliance and assumptions cited in
      this
      paragraph are unwarranted. The term “knowledge”
      whenever it is used in this letter with respect to our firm means the current,
      actual knowledge of the Thelen Reid & Priest LLP attorneys who played a
      material role in handling the transaction contemplated by the
      Agreement.

     

    In
      such
      examination, we have without independent investigation relied upon and assumed
      the truth and accuracy of all factual matters contained in the Officer’s
      Certificate, a copy of which is attached hereto as Exhibit A,
      and the
      truth and accuracy of each of the representations and warranties as to factual
      matters contained in or made pursuant to the Opinion Documents and certificates
      delivered thereunder. We have also assumed, with your permission and without
      independent investigation, (i) the genuineness of all signatures;
      (ii) the legal capacity of each individual signatory to such documents;
      (iii) the authenticity of all documents submitted to us as originals;
      (iv) the conformity to originals of all documents submitted to us as
      certified, facsimile or photostatic copies; (v) the authenticity of the
      originals of such copies; (vi) the due incorporation and organization,
      valid existence and good standing of PBT under the laws of the State of
      Delaware; (vii) the due execution and delivery of the Opinion Documents by
      PBT; (viii) the corporate power and authority of PBT to conduct its
      business and own its properties and to enter into the Opinion Documents and
      perform its obligations thereunder; (ix) that each of the Opinion Documents
      has been duly authorized by all necessary corporate action of PBT and is the
      legal, valid and binding obligation of PBT, enforceable against PBT in
      accordance with its terms; (x) that, except as to the opinion in paragraph
      9, each of the Company and PBT has obtained all necessary governmental permits
      and approvals for conducting its operations; and (xi) the identity and
      capacity of all individuals acting or purporting to act as public
      officials.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Based
      solely upon the examination described above, and subject to the comments,
      assumptions, qualifications, limitations and exceptions stated herein and in
      the
      Disclosure Schedule to the Agreement, we are of the opinion that:

     

    1. The
      Company has been duly incorporated and is a validly existing corporation in
      good
      standing under the laws of the State of Delaware.

     

    2. The
      Company has the requisite corporate power to own its property and assets and
      to
      conduct its business as it is currently being conducted.

     

    3. The
      Company is duly qualified to do business as a foreign corporation and is in
      good
      standing in the state of Nevada.

     

    4. The
      Company has the requisite corporate power to execute, deliver and perform its
      obligations under the Opinion Documents.

     

    5. Each
      of
      the Enforceability Documents has been duly and validly authorized, executed
      and
      delivered by the Company and each such agreement constitutes a valid and binding
      agreement of the Company enforceable against the Company in accordance with
      its
      respective terms. 

     

    6. As
      of
      immediately prior to the Initial Closing, the Company’s authorized capital stock
      consists of (a) 300,000,000 shares of Common Stock, par value $0.01 per share,
      of which 63,692,171 shares are issued and outstanding, and (b) 10,000,000 shares
      of Preferred Stock, par value $0.01 per share, of which 6,000,000 have been
      designated Series A-1 Preferred Stock, par value $0.01, none of which are issued
      and outstanding. The outstanding shares of Common Stock have been duly
      authorized and validly issued, and are fully paid and nonassessable, and the
      shares of Series A-1 Preferred Stock have been duly authorized, and upon
      issuance in accordance with the terms of the Agreement, will be validly issued,
      fully paid and nonassessable. The Initial Closing WinWin Shares have been duly
      authorized, and upon issuance and delivery against payment therefor in
      accordance with the terms of the Agreement, will be validly issued, outstanding,
      fully paid and nonassessable. The shares of Common Stock issuable upon
      conversion of the Initial Closing WinWin Shares have been duly authorized,
      and
      when issued upon conversion in accordance with the terms of the Certificate
      of
      Designation, will be validly issued, outstanding, fully paid and nonassessable.
      To our knowledge, there are no options, warrants, conversion privileges,
      preemptive rights or other rights presently outstanding to purchase any of
      the
      authorized but unissued capital stock of the Company, other than the conversion
      privileges of the Series A-1 Preferred Stock, rights created in connection
      with
      the transactions contemplated by the Opinion Documents, warrants to
      purchase 17,582,161
      shares
      of
      Common Stock, options to purchase 14,099,026 shares of Common Stock reserved
      for
      issuance upon exercise of outstanding options granted under the Company’s 2003
      Stock Plan (the “Plan”)
      and
      5,900,974 shares of Common Stock reserved for future issuance under the Plan.
      

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    7. The
      execution and delivery of the Opinion Documents by the Company and the issuance
      of the Initial Closing WinWin Shares pursuant thereto do not violate any
      provision of the Certificate of Incorporation or Bylaws, do not constitute
      a
      default under or a material breach of any material agreement that is listed
      on
Annex
      A1 
      of this
      opinion letter and do not violate (a) any governmental statute, rule or
      regulation which in our experience is typically applicable to transactions
      of
      the nature contemplated by the Opinion Documents or (b) to our knowledge, any
      order, writ, judgment, injunction, decree, determination or award which has
      been
      entered against the Company, in each case to the extent the violation of which
      would materially and adversely affect the Company and its subsidiaries, taken
      as
      a whole.

     

    8. To
      our
      knowledge, there is no action, proceeding or investigation pending or overtly
      threatened against the Company before any court or administrative agency that
      questions the validity of the Agreement.

     

    9. All
      consents, approvals, authorizations, or orders of, and filings, registrations,
      and qualifications with any U.S. Federal or California regulatory authority
      or
      governmental body required for the issuance of the Initial Closing WinWin
      Shares, have been made or obtained, except (a) for the filing of a Form D
      pursuant to Securities and Exchange Commission Regulation D and (b) any required
      filings under applicable state securities law.

     

    10. The
      offer
      and sale of the Initial Closing WinWin Shares are exempt from the registration
      requirements of the Securities Act of 1933, as amended, subject to the timely
      filing of a Form D pursuant to Securities and Exchange Commission Regulation
      D.

     

    Our
      opinion as to enforceability set forth in paragraph 5 above is subject
      to:

     

    (a) limitations
      imposed by bankruptcy, insolvency, reorganization, moratorium or similar laws
      relating to or affecting the enforcement of creditor’s rights generally,
      including, without limitation, laws relating to fraudulent transfers or
      conveyances, preferences and equitable subordination;

     

    (b) general
      principles of equity (regardless of whether such enforceability is considered
      in
      a proceeding in equity or at law);

     

    (c) the
      qualification that certain rights, remedies, waivers and procedures contained
      in
      the Opinion Documents may be limited or rendered unenforceable by applicable
      laws or judicial decisions governing such provisions, but such laws and judicial
      decisions do not, in our opinion, render the Opinion Documents, as a whole,
      unenforceable or make the remedies and procedures that are available to the
      parties legally inadequate for the practical realization of the principal
      benefits purported to be provided to them by the Opinion Documents;

     

    
      
        

      

    

    1 Annex
      A
      will
      include a list of all of the material agreements set forth in the exhibit index
      of the Company’s annual report on form 10-KSB for the fiscal year ended December
      31, 2005. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (d) the
      qualification that certain provisions contained in the Opinion Documents may
      be
      unenforceable in whole or in part if such provisions impose restrictions or
      burdens upon the debtor and it cannot be demonstrated that enforcement of such
      restrictions or burdens is reasonably necessary for the protection of the
      creditor or if the creditor’s enforcement of such provisions would violate the
      creditor’s implied covenant of good faith and fair dealing;

     

    (e) the
      possible requirement that actions taken, or not taken, by any party pursuant
      to
      the Opinion Documents be taken, or not taken, in good faith;

     

    (f) the
      qualification that certain provisions contained in the Opinion Documents
      regarding the rights or remedies available to any party for violations or
      breaches of any provisions which are immaterial or for violations or breaches
      of
      any provisions if such enforcement would be unreasonable under the
      circumstances, may be unenforceable in whole or in part;

     

    (g) the
      unenforceability under certain circumstances of (i) waivers or provisions
      imposing penalties or liquidated damages and (ii) provisions purporting to
      release or exculpate any party from liability for its acts or omissions, or
      purporting to impose a duty upon any party to indemnify any other party when
      any
      claimed damages result from the negligence, gross negligence or willful
      misconduct of the party seeking such indemnity;

     

    (h) the
      qualification that certain provisions of any such document to the effect that
      rights or remedies are not exclusive, that every right or remedy is cumulative
      and may be exercised in addition to any other right or remedy, that the election
      of some particular remedy does not preclude recourse to one or more others
      or
      that failure to exercise or delay in exercising rights or remedies will not
      operate as a waiver of any such right or remedy, may be unenforceable in whole
      or in part;

     

    (i) the
      qualification that provisions in any such document that contain a waiver of
      (A) the benefits of statutory, regulatory, or constitutional rights, unless
      and to the extent the statute, regulation or constitution explicitly allows
      such
      waivers, (B) unknown future defenses, and (C) rights to damages, may
      be unenforceable in whole or in part;

     

    (j) limitations
      imposed by California Civil Code Section 1670.5 on the enforceability of
      provisions which a court finds as a matter of law to have been unconscionable
      at
      the time when made;

     

    (k) the
      qualification that certain provisions which require written amendments or
      waivers of documents may be unenforceable in whole or in part insofar as certain
      oral or other modifications, amendments or waivers may be effectively agreed
      upon by the parties or the doctrine of promissory estoppel may apply in certain
      circumstances;

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (l) the
      unenforceability under certain circumstances of any provision insofar as it
      provides for the payment or reimbursement of costs and expenses of
      indemnification for claims, losses or liabilities in excess of a reasonable
      amount or any provision purporting to require the payment of attorneys’ fees,
      expenses or costs, where such provisions do not satisfy the requirements of
      California Civil Code Section 1717; and

     

    (m) the
      unenforceability, in certain circumstances, of consent to jurisdiction clauses
      and forum selection clauses.

     

    We
      are
      not opining as to the authorization, execution, delivery or enforceability
      of
      the Investment Option or the Certificate of Designation. We understand that
      the
      Company’s special Delaware counsel is rendering an opinion of even date herewith
      that addresses the enforceability of the Investment Option and the Certificate
      of Designation.

     

    We
      are
      members of the bar of the State of California and we express no opinion on
      the
      laws of any jurisdiction other than the federal laws of the United States and
      the laws of the State of California. We also express no opinion as to
      (i) any governmental rule or other legal requirement relating to labor,
      employee rights and benefits, including without limitation the Employee
      Retirement Income Security Act of 1974, as amended, and taxation, (ii) any
      choice-of-law or conflict of laws matters, (iii) any patent, trademark or
      copyright statute, rules or regulations, (iv) any provision appointing one
      party as an attorney-in-fact of an adverse party, (v) the effect of any
      state or federal antitrust laws, including, without limitation, the
      Hart-Scott-Rodino Antitrust Improvements Act of 1976, as currently in effect,
      (vi) any securities laws, rules or regulations (except for the opinions set
      forth in paragraphs 6, 9 and 10 hereof), or (vii) the Company’s rights in
      or title to any property or assets.

     

    The
      opinions expressed herein are solely for your benefit in connection with the
      above transactions and may not be relied upon in any manner or for any purpose
      by any other person. This opinion speaks only as of the date hereof, and we
      assume no obligation to advise you of any changes to this opinion that may
      come
      to our attention after the date hereof. This opinion is limited to the matters
      expressly stated herein and no opinion or other statement may be inferred or
      implied beyond the matters expressly stated herein.

     

    
      	 	
              Very
                truly yours,

            
	 	
               

            
	 	 
	 	 
	 	
              THELEN
                REID & PRIEST LLP

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Annex
      A to Opinion of Thelen Reid & Priest LLP

    

    
      	
              1.

            	
              Stock
                Exchange Agreement dated December 31, 2002, regarding the acquisition
                of
                Win Win, Inc.

            
	 	 
	
              2.

            	
              Amended
                and Restated Stock Exchange Agreement dated March 31,
                2003.

            
	 	 
	
              3.

            	
              Agreement,
                dated October 8, 2003, between Win Win, Inc. and Sande Stewart Television,
                Inc.

            
	 	 
	
              4.

            	
              Cooperation
                Agreement, dated December 15, 2003, between Win Win Consulting (Shanghai)
                Co. Ltd. and Shanghai Welfare Lottery Issuing Center.

            
	
              5.

            	
              TV
                Cooperation Agreement, dated December 15, 2003, between Win Win Consulting
                (Shanghai) Co. Ltd. and Shanghai Welfare Lottery Issuing
                Center.

            
	 	 
	
              6.

            	
              WinWin
                Gaming Inc. 2003 Stock Plan.

            
	 	 
	
              7.

            	
              Project
                Cooperation Agreement, dated April 30, 2004, between Win Win Consulting
                (Shanghai) Co. Ltd. and Shanghai VSAT Network Systems Co.
                Ltd..

            
	 	 
	
              8.

            	
              Securities
                Purchase Agreement, dated February 25, 2005, among the Company and
                the
                investors who are parties thereto.

            
	 	 
	
              9.

            	
              Registration
                Rights Agreement, dated February 25, 2005, among the Company and
                the
                investors who are parties thereto.

            
	 	 
	
              10.

            	
              Revolving
                Credit Note and Agreement, dated March 16, 2005, between the Company
                and
                Art Petrie.

            
	 	 
	
              11.

            	
              Revolving
                Credit Note and Agreement, dated March 16, 2005, between the Company
                and
                John Gronvall.

            
	 	 
	
              12.

            	
              Co-Publishing
                Agreement, dated September 23, 2005 among Pixiem, Inc. and
                ESPN.

            
	 	 
	
              13.

            	
              Joint
                Venture Agreement, dated as of September 30, 2005, by and between
                Solidus
                Networks, Inc., d/b/a PayByTouch Solutions and WinWin Gaming,
                Inc.

            
	 	 
	
              14.

            	
              Security
                Agreement, dated as of September 30, 2005, by WinWin Gaming, Inc.,
                in
                favor of Solidus Networks, Inc., d/b/a PayByTouch
                Solutions.

            
	 	 
	
              15.

            	
              Secured
                Promissory Note, dated September 30, 2005, by WinWin Gaming, Inc.
                to
                Solidus Networks, Inc., d/b/a PayByTouch
                Solutions.

            

    

     

    
      
        
        

      

      
        i

        
          

        

      

      
        
        

      

    

     

    
      	 	 
	
              16.

            	
              Acquisition
                Agreement, dated September 27, 2005, by and among WinWin Gaming,
                Inc.,
                E-Bear Digital Software Co., Ltd. (“E-Bear”) and the Shareholders of
                E-Bear.

            
	 	 
	
              17.

            	
              Employment
                Agreement, dated December 20, 2005, between WinWin Gaming, Inc. and
                Peter
                Pang.

            
	 	 
	
              18.

            	
              Employment
                Agreement, dated December 20, 2005, between WinWin Gaming, Inc. and
                Patrick Rogers.

            
	 	 
	
              19.

            	
              Licensing
                Agreement, dated December 15, 2005, among Pixiem, Inc. and Yamaha
                Motor
                Company.

            
	 	 
	
              20.

            	
              Licensing
                Agreement, dated September 23, 2005 among Pixiem, Inc. and C- Valley
                (Beijing) Information Technology Co., Ltd.

            
	 	 
	
              21.

            	
              Distributorship
                Agreement, dated June 20, 2005 among Pixiem, Inc. and Advanced Mobile
                Solutions, Ltd.

            
	 	 
	
              22.

            	
              Agreement,
                dated August 3, 2005 among Pixiem, Inc. and Tira Wireless,
                Inc.

            
	 	 
	
              23.

            	
              Distributor
                and Revenue Share Agreement, dated November 9, 2005 among Pixiem,
                Inc. and
                Tele-Mobile Company dba Telus Mobility.

            
	 	 
	
              24.

            	
              License
                Agreement, dated November 21, 2005 among Pixiem, Inc. and Paradox
                Studios,
                Ltd.

            
	 	 
	
              25.

            	
              License
                Agreement, dated November 7, 2005, among Pixiem, Inc. and iScreen
                Corporation.

            
	 	 
	
              26.

            	
              Wireless
                Pass Through Distribution Agreement, dated May 27, 2005 among Pixiem,
                Inc
                and Wireless Developer, Inc. dba Wireless Developer
                Agency.

            
	
               

            	 
	
              27.

            	
              Service
                Agreement, dated July 8, 2005 among Pixiem, Inc. and Cellmania,
                Inc.

            
	 	 
	
              28.

            	
              Partnership
                Agreement, dated September 1, 2005 among Pixiem, Inc. and 2ThumbZ
                Entertainment.

            
	 	 
	
              29.

            	
              License
                Agreement, dated April 1, 2005, between Pixiem, Inc. and The All
                England
                Lawn Tennis Club (Wimbledon)
                Limited.

            

    

    

    

    
      
        
        

      

      
        ii

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      C

    (Form
      of Investment Option Agreement)

     

    THE
      SECURITIES REPRESENTED BY THIS AGREEMENT AND ISSUABLE UPON THE EXERCISE OF
      THE
      OPTION EVIDENCED HEREBY (COLLECTIVELY, THE “SECURITIES”) HAVE NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY APPLICABLE
      STATE SECURITIES LAWS AND THE SECURITIES MAY NOT BE SOLD, TRANSFERRED, PLEDGED
      OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION
      FROM REGISTRATION UNDER SUCH ACT AND THE RULES AND REGULATIONS THEREUNDER AND
      AN
      OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT
      REQUIRED AND IN THE ABSENCE OF REGISTRATION OR AN EXEMPTION FROM REGISTRATION
      UNDER ANY APPLICABLE STATE SECURITIES LAWS WITH AN OPINION OF COUNSEL
      SATISFACTORY TO THE COMPANY REGARDING COMPLIANCE WITH AND THE AVAILABILITY
      OF
      ANY SUCH STATE SECURITIES LAWS.

     

    INVESTMENT
      OPTION AGREEMENT

     

    This
      INVESTMENT OPTION AGREEMENT, dated as of August 31, 2006, by and between SOLIDUS
      NETWORKS, INC., a Delaware corporation (the “Optionee”)
      and
      WINWIN GAMING, INC., a Delaware corporation (the “Company”).
      Capitalized terms used, but not otherwise defined, herein have the meanings
      ascribed to those terms in the JV Agreement (as defined below).

     

    BACKGROUND

     

    The
      Optionee and the Company are parties to a Second Amended and Restated Joint
      Venture Agreement, dated August 31, 2006 (the “JV
      Agreement”).
      It is
      a condition precedent of the Initial Closing that the Company grant to the
      Optionee this option to acquire an additional number of shares of the Company’s
      Series A-1 Preferred Stock, prior to the Filing Date (as defined below), or
      Series A Preferred Stock, from and after the Filing Date, such that upon
      exercise of this option, the Optionee will be the beneficial owner of a
      percentage of the Company’s outstanding common stock on a Fully Diluted Basis
      (as defined below) indicated by the Optionee on the Option Notice (as defined
      below) after giving effect to the exercise of this Option (the “Election
      Percentage”),
      which
      Election Percentage may not be greater than eighty percent (80%). 

     

    The
      Company is issuing shares of its Series A-1 Preferred Stock to the Optionee
      at
      the Initial Closing and is seeking stockholder approval of the adoption and
      filing of the Restated Charter under which, among other things, its Series
      A
      Preferred Stock will be authorized, each outstanding share of Series A-1
      Preferred Stock will be automatically converted into one tenth of a share of
      Series A Preferred Stock and additional shares of common stock will be
      authorized such that there will be sufficient authorized common stock for
      issuance upon the conversion of the Series A Preferred Stock. The date of the
      filing of the Restated Charter is referred to herein as the “Filing
      Date”.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    NOW,
      THEREFORE, in consideration of the premises, mutual covenants herein set forth
      and other good and valuable consideration, subject to the terms and conditions
      herein, the Company and the Optionee hereby agree as follows:

     

    1. Grant
      of Option; Term; Exercise Price.
      

     

    (a) Subject
      to the terms and conditions herein, the Company hereby grants to the Optionee
      an
      option (the “Option”),
      prior
      to the Filing Date, to acquire a number of shares of the Company’s Series A-1
      Preferred Stock, and from and after the Filing Date, to purchase a number of
      shares of the Company’s Series A Preferred Stock (such shares of Series A-1
      Preferred Stock or Series A Preferred Stock, as applicable, being referred
      to
      herein as the “Option
      Shares”)
      that,
      together with other securities of the Company held by the Optionee at the time
      of exercise, constitute a percentage of the common stock of the Company on
      a
      Fully Diluted Basis after giving effect to the exercise of the Option equal
      to
      the Election Percentage. For purposes of this Agreement, “Fully
      Diluted Basis”
means
      the number of shares of the Company’s Common Stock outstanding assuming, for
      such purpose, the exercise, exchange, or conversion into Common Stock of the
      Company of all options, warrants and other securities of the Company that are
      exercisable or exchangeable for, or convertible into, Common Stock at the time
      of the exercise of the Option.

     

    (b) The
      Option is exercisable by Optionee’s delivery to the Company of an Exercise
      Notice at any time from the date of this Investment Option Agreement until
      Midnight Pacific Time on the date that is third anniversary of the date of
      this
      Investment Option Agreement (the “Exercise
      Period”);
      provided, however, that the Option shall automatically terminate upon the
      closing of the sale of all or substantially all of the assets of the Optionee,
      or upon the closing of a merger, consolidation or similar transaction in which
      the stockholders of the Optionee as of immediately prior to the transaction
      do
      not own a majority of the voting power of the surviving company as of
      immediately following such transaction. 

     

    (c) The
      exercise price per Option Share (the “Exercise
      Price”)
      shall
      be equal to the fair market value of a share of the Company’s Series A-1
      Preferred Stock or Series A Preferred Stock, as applicable, as of the date
      of
      exercise as determined by an Appraisal (as defined below). Whenever this Option
      calls for an “Appraisal,”
the
      fair market value of the Option Shares will be determined on the basis of the
      value of the percentage of the entire Company represented by the Option Shares
      at the time of determination in accordance with the following mechanism. A
      representative of the Optionee and a representative of the Company shall attempt
      to negotiate a mutually agreeable fair market value within thirty (30) days
      of
      the date that the Company receives an Exercise Notice from the Optionee. If
      the
      representatives are unable to reach an agreement within such time period, each
      of the Optionee and the Company will at its own cost appoint a nationally
      recognized investment banking firm as an appraiser of the value of the Option
      Shares. Each of the investment banking firms shall separately determine, within
      forty-five (45) days of the end of such thirty (30) day period, the fair market
      value of the shares taking into account the fact that the exercise of the Option
      may involve the acquisition of a controlling interest in the Company by the
      Optionee to the extent that the Optionee does not already own a controlling
      interest in the Company. Each of the investment banking firms shall express
      its
      valuation as a single number in US dollars. The mid-point of the valuations
      (the
“Mid-Point”)
      will
      then be calculated by dividing the sum of the separate valuations by two (2).
      To
      the extent that each valuation is within the range which is 10% above or 10%
      below the Mid-Point (the “Range”),
      the
      Mid-Point shall be used. If either or both of the valuations falls outside
      of
      the Range, then the parties shall jointly choose (or if the parties are unable
      to so jointly choose within three (3) business days, the two appraisers shall
      choose) a disinterested nationally recognized investment banking firm as a
      third
      appraiser, at a cost to be shared on an equal basis between the parties, to
      complete an appraisal within an additional forty-five (45) days, which appraisal
      shall be equal to or somewhere between the two prior appraisals and such third
      appraisal shall be the final and binding determination of the fair market value.
      

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    (d) The
      Exercise Price shall be payable in cash; provided, however, that if at the
      time
      the Option is exercised there is a public trading market for the Optionee’s
      common stock, then, at the option of the Optionee, the Optionee may pay the
      Exercise Price in cash or registered (“free-trading”)
      shares
      of the Optionee’s common stock, or a combination thereof. If the Optionee elects
      to pay the Exercise Price, in whole or in part, by delivery of registered shares
      of the Optionee’s common stock, then such shares shall be valued at the average
      closing price of the Optionee’s common stock over a period of twenty (20)
      trading days prior to the exercise of the Option.

     

    (e) this
      Investment Option Agreement shall terminate and cease to be effective on the
      date on which the JV Agreement is validly terminated in accordance with Section
      13 thereof.

     

    2. Exercise
      Procedure.

     

    (a) Procedure.

     

    (i) The
      Optionee may exercise the Option, in whole, but not in part, at any time during
      the Exercise Period, by delivering to the Company a written notice duly signed
      by the Optionee indicating that the Optionee is exercising the Option and the
      Election Percentage (the “Exercise
      Notice’).
      The
      Option shall not be deemed exercised, however, until full payment in an amount
      equal to the full purchase price for the Option Shares has been made. Optionee
      may withdraw the Exercise Notice and elect not to exercise the Option at any
      time before making full payment.

     

    (ii) Following
      receipt by the Company of such Exercise Notice and full payment of the Exercise
      Price, the Company shall issue, as soon as practicable, a stock certificate
      for
      the Option Shares in the name as designated by the Optionee and deliver the
      certificate to the Optionee.

     

    (b) Other
      Terms.
      Other
      than the terms regarding pricing and consideration set forth in Section 1 of
      this Investment Option Agreement, the issuance and sale of the Option Shares
      shall be subject to the same conditions of and on the same terms as the issuance
      and sale of the Second Closing WinWin Shares in the Second Closing.

     

    (c) Legend.
      If the
      Option Shares are not then covered by a registration statement, each certificate
      for the Option Shares shall bear a legend that is substantially similar to
      the
      following:

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

      “THESE
        SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
        AMENDED. SUCH SECURITIES MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED
        UNLESS THE REGISTRATION PROVISIONS OF SAID ACT HAVE BEEN COMPLIED WITH OR
        UNLESS
        THE COMPANY HAS RECEIVED AN OPINION OF ITS COUNSEL THAT SUCH REGISTRATION
        IS NOT
        REQUIRED.”

    

     

    3. Rights
      of Optionee.
      The
      Optionee shall not have any rights to dividends or any other rights of a
      stockholder with respect to any Option Shares until such Option Shares shall
      have been issued to Optionee (as evidenced by the appropriate entry on the
      transfer books of the Company). 

     

    4. Notices.
      Any
      notices and other communications required or permitted under this Agreement
      shall be in writing and shall be delivered (i) personally by hand or by courier,
      (ii) mailed by United States first-class mail, postage prepaid or (iii) sent
      by
      facsimile, to a Party's address or facsimile number as follows:

     

    
      	
              if
                to WinWin:

            	
              WinWin
                Gaming, Inc.

            

    

     

    8687
      West
      Sahara, Suite 201

    Las
      Vegas, NV 89117

    Tel:
      (702) 212-4530

    Fax:
      (702) 212-4553

    Attention:
      Patrick Rogers

    

    with
      a
      copy to:

    Thelen
      Reid & Priest LLP

    701
      Eighth Street, N.W.

    Washington,
      D.C.  20001

    Tel:
      202.508.4281

    Fax:
      202.654.1804

    Attention:
      Louis
      A.
      Bevilacqua

    

    
      	
              if
                to PBT:

            	
              Solidus
                Networks, Inc.

            

    

     

    101
      Second Street, Suite 1100

    San
      Francisco, California 94105

    Tel:
      (415) 281-2200

    Fax:
      (415) 281-2202

    Attention:
      Gus Spanos

    

    with
      a
      copy to:

    Cooley
      Godward
      llp

    101
      California Street, 5th
      Floor

    San
      Francisco, CA 94111-5800

    Tel:
      (415) 693-2000

    Fax:
      (415) 693-2222

    Attention:
      Kenneth L. Guernsey

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    or
      at
      such other address or facsimile number as a Party may designate by giving at
      least ten days' advance written notice to the other Party. All such notices
      and
      other communications shall be deemed given upon (I) receipt or refusal of
      receipt, if delivered personally, (II) three days after being placed in the
      mail, if mailed, or (III) confirmation of facsimile transfer, if
      faxed.

     

    5. Binding;
      Assignment.
      Optionee shall not assign this Agreement, or any rights hereunder, without
      the
      Company's prior written consent. This Agreement shall be binding upon and inure
      to the benefit of the parties hereto, and their successors and permitted
      assigns, if any.

     

    6. Dispute
      Resolution.
      Any
      unresolved controversy or claim arising out of or relating to this Agreement,
      except as (i) otherwise provided in this Agreement, or (ii) any such
      controversies or claims arising out of either party’s intellectual property
      rights for which a provisional remedy or equitable relief is sought, shall
      be
      submitted to arbitration by one arbitrator mutually agreed upon by the parties,
      and if no agreement can be reached within 30 days after names of potential
      arbitrators have been proposed by the American Arbitration Association (the
      “AAA”),
      then
      by one arbitrator having reasonable experience in corporate finance transactions
      of the type provided for in this Agreement and who is chosen by the AAA. The
      arbitration shall take place in San Francisco, California, in accordance with
      the AAA rules then in effect, and judgment upon any award rendered in such
      arbitration will be binding and may be entered in any court having jurisdiction
      thereof. There shall be limited discovery prior to the arbitration hearing
      as
      follows: (a) exchange of witness lists and copies of documentary evidence and
      documents relating to or arising out of the issues to be arbitrated, (b)
      depositions of all party witnesses and (c) such other depositions as may be
      allowed by the arbitrators upon a showing of good cause. Depositions shall
      be
      conducted in accordance with the California Code of Civil Procedure, the
      arbitrator shall be required to provide in writing to the parties the basis
      for
      the award or order of such arbitrator, and a court reporter shall record all
      hearings, with such record constituting the official transcript of such
      proceedings. The prevailing party shall be entitled to reasonable attorney’s
      fees, costs, and necessary disbursements in addition to any other relief to
      which such party may be entitled. 

     

    7. Entire
      Agreement.
      This
      Agreement constitutes the entire agreement between the parties hereto with
      respect to the matters herein, and cannot be amended, modified or terminated
      except by an agreement in writing executed by the parties hereto.

     

    8. Governing
      Law.
      This
      Agreement shall be construed in accordance with and governed by the laws of
      the
      State of Delaware without regard to the conflicts of law principles
      thereof.

     

    [Signature
      page follows]

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Investment Option
      Agreement as of the date first set forth above.

     

    

    
      	 	
              SOLIDUS
                NETWORKS,
                INC.

               

               

               

              By:
                _________________________________________

                    
                Name:

                    
                Title:

            
	 	
               

               

              WINWIN
                GAMING,
                INC.

               

               

               

              
                By:
                  _________________________________________

                      
                  Name:

                      
                  Title:

              

            
	 	 

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      D

    (China
      Sales Representative Term Sheet)

    

    Non-Binding
      Term Sheet

     

    This
      non-binding Term Sheet, dated as of ________ __, 2006 (this “Term
      Sheet”),
      is by
      and among Solidus Networks, Inc. (“Pay
      By Touch”),
      a
      corporation organized under the laws of Delaware, and
      WinWin Gaming, Inc. (“WinWin”),
      a
      company organized under the laws of the state of Delaware.

     

    Background:

     

    ·
      Pay By
      Touch and WinWin have entered into that certain Amended and Restated Joint
      Venture Agreement, dated as of April 14, 2006 (the "JV
      Agreement"),
      and
      are entering into this Term Sheet in connection with the transactions
      contemplated by the JV Agreement.

    

    ·
      Pay
      By
      Touch desires to engage WinWin to market Pay By Touch’s commercial offerings
      (“Pay
      By Touch Offerings”)
      within
      the [People’s
      Republic of China, including its special administrative regions of Hong Kong
      and
      Macao, and in Taiwan].
      

    

    ·
      The
      parties are entering into this Term Sheet as evidence of their intention to
      advance such a relationship. 

     

    This
      Term
      Sheet sets forth the principal terms and conditions upon which the parties
      propose to move forward with the relationship.  Under this Term Sheet the
      purpose set forth above shall be deemed the “Proposed
      Transaction.”
      

     

    The
      parties intend that the specific terms of the Proposed Transaction will be
      contained in a complete, integrated, mutually agreeable document to be entered
      into by the parties on or before the Initial Closing (as defined in the JV
      Agreement) (a “Transaction
      Agreement”).

     

    The
      parties contemplate that they would each be responsible for the following areas
      related to the Proposed Transaction as described below:

    
      	
               

            
	
              Term
                & Termination

            	
              Either
                party may terminate this Term Sheet by giving written notice to the
                other
                party at least thirty (30) days prior to such termination. If neither
                party elects to terminate the Term Sheet pursuant to the prior sentence,
                this Term Sheet shall terminate on the earliest to occur of (i)
                [insert
                date]
                or
                (ii) the termination of the JV Agreement. 

               

              The
                term of the Transaction Agreement shall be [three
                (3) years]
                or
                as otherwise agreed by the parties.  The Transaction Agreement will
                be subject to standard termination
                provisions.

            

    

     

    
      	
              Marketing
                Appointment

            	
              Under
                the terms of the Transaction Agreement Pay By Touch shall appoint
                WinWin
                as a non-exclusive marketing partner in [China].
                WinWin shall, at its own expense, use best efforts to market Pay
                By Touch
                Offerings to prospective customers including, without limitation,
                by means
                of establishing relationships with such prospects, by correspondence
                with
                them, by participation in trade shows or professional meetings, or
                by
                publication online or in the print or broadcast media. Without limiting
                the foregoing, WinWin shall be permitted to distribute to any such
                prospects any marketing materials or information provided Pay By
                Touch,
                provided that WinWin may not alter or modify any such materials or
                information without Pay By Touch’s prior written consent. In no event will
                WinWin purport to make representations or warranties on Pay By Touch’s
                behalf, or purport to act as an agent of Pay By Touch for any purpose,
                and
                all marketing and promotional information provided or distributed
                by
                WinWin to any third party or through any media shall strictly conform
                to
                such information as Pay By Touch may have provided to WinWin pursuant
                to
                the Transaction Agreement. 

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

      
        

      

    

     

    
      	
               

            	
              In
                the event that a prospect desires to obtain the Pay By Touch Offerings,
                WinWin shall provide to such prospect Pay By Touch’s then-current standard
                form of customer agreement and shall exercise best efforts to cause
                such
                prospect to execute such customer agreement. In the event that such
                prospect desires to negotiate such agreement, WinWin shall be responsible
                for negotiating the terms of such agreement with such prospect in
                consultation with, and at Pay By Touch’s direction. WinWin shall have no
                authority to execute any such customer agreement on Pay By Touch’s behalf;
                such decision shall rest solely with Pay By Touch. WinWin shall forward
                to
                Pay By Touch any such executed customer agreement promptly upon execution
                thereof. Pay By Touch shall retain the right, in its sole and absolute
                discretion, to refuse to offer the Pay By Touch Offerings to any
                third
                party. 

               

            
	
              Fees
                and Payment

            	
              In
                consideration for the performance of WinWin’s obligations under the
                Transaction Agreement, Pay By Touch shall pay to WinWin an amount
                to be
                agreed upon by the parties. WinWin shall bear all expenses incurred
                in the
                performance of its obligations under the Transaction Agreement in
                marketing and promoting the Pay By Touch Offerings to any prospective
                customer.

               

            
	
              Governing
                Law; Jurisdiction and Resolution of Disputes

               

            	
              The
                Transaction Agreement will contain governing law and jurisdiction
                provisions for the resolution of disputes substantially similar to
                those
                set forth in the JV Agreement.

            
	
              Confidentiality,
                Non-Disclosure 

            	
              The
                terms of this Term Sheet and the Transaction Agreement, as well as
                any and
                all information exchanged between and among the parties in connection
                with
                the transactions provided for and described herein, shall be held
                strictly
                confidential by each of the parties and their respective agents,
                employees, consultants and advisors.  Such obligation of
                confidentiality and non-disclosure shall cover, without limitation,
                any
                and all technical information, market data and research, and other
                proprietary information of each of the parties hereto. The Transaction
                Agreement will contain standard confidentiality provisions. All
                information disclosed hereunder will be used solely to evaluate and
                effectuate the transactions described herein and for absolutely no
                other
                purpose. To preserve each parties’ respective rights and obligations
                hereunder, the terms of this section will survive the expiration
                or
                earlier termination hereof or of any of the Transaction
                Agreement.

            

    

     

      
        

      

    

     

    
      	
              Miscellaneous
                Provisions

            	
              Neither
                party is subject to any agreement or undertaking that is in conflict
                with
                or would be violated by, this Term Sheet or any of the Transaction
                Agreement.

               

              This
                Term Sheet may be executed in any number of counterparts, including
                facsimile counterparts, each of which will be deemed an original
                and all
                of which taken together will constitute one and the same agreement. 
                Any amendments hereto or waivers hereunder must be in writing and
                signed
                by both parties.

               

              It
                is understood that this Term Sheet is a statement of the intention
                of the
                parties to proceed as outlined herein and does not create any binding
                obligations, other than any provisions with respect to confidentiality,
                which the parties acknowledge have been given for good and valuable
                consideration and which will be legally binding.

               

            

    

     

    
      
        
        

      

      
        ii

        
          

        

      

      
        
        

      

    

     

    
      	 	
              THIS
                INSTRUMENT REPRESENTS ONLY THE EXPRESSION OF OUR CURRENT MUTUAL INTENTIONS
                AND IS SUBJECT TO THE PROVISIONS OF THE TRANSACTION AGREEMENT TO
                BE
                ENTERED INTO BY AND AMONG THE PARTIES HERETO UPON COMPLETION OF LEGAL
                AND
                BUSINESS DUE DILIGENCE AND THE SATISFACTION OF THE CONDITIONS CONTAINED
                THEREIN. THE PARTIES HAVE FURTHER AGREED THAT EACH PARTY WILL BE
                BEAR ALL
                OF ITS OWN FEES AND EXPENSES INCURRED IN CONNECTION HEREWITH AND
                WITH THE
                PREPARATION AND NEGOTIATION OF THE TRANSACTION AGREEMENT, WHETHER
                OR NOT
                THE TRANSACTION CONTEMPLATED HEREBY OR THEREBY IS CONSUMMATED AND
                ENTERED
                INTO.

            

    

    

    *****

     

    
      	
               

            	
              SOLIDUS
                NETWORKS, INC.

               

               

              By:
                _________________________

               

                 
                Name: 

               

                 
                Title:  

            
	
               

            	
               

            
	
               

            	
              WINWIN
                GAMING, INC.

               

               

              By:
                _________________________

               

                 
                Name:   

                   
                

                 
                Title:          
                

            

    

    

    
      
        
        

      

      
        iii

        
          

        

      

      
        
        

      

    

    EXHIBIT
      E

    (Form
      of Restated Charter)

    

    AMENDED
      AND RESTATED

    

    CERTIFICATE
      OF INCORPORATION

    

    OF

    

    WINWIN
      GAMING, INC.

    

    

    WinWin
      Gaming, Inc. (hereinafter referred to as the “Corporation”),
      a
      corporation organized and existing under and by virtue of the General
      Corporation Law of the State of Delaware, does hereby certify as
      follows: 

     

    1. The
      current name of the Corporation is WinWin Gaming, Inc.

     

    2. The
      name
      under which the Corporation was originally incorporated is Lone Star Casino
      Corporation, and the date of filing of the original Certificate of Incorporation
      of the Corporation with the Secretary of State of the State of Delaware is
      December 30, 1992.

     

    3. The
      provisions of the Certificate of Incorporation of the Corporation as heretofore
      amended and/or supplemented, and as herein amended, are hereby restated and
      integrated into the single instrument which is hereinafter set forth, and which
      is entitled the
      Amended and Restated Certificate of Incorporation of WinWin Gaming,
      Inc.

     

    4. The
      resolution setting forth the amendment and restatement has been duly approved
      by
      the stockholders
      of the Corporation in accordance with the provisions of Sections 228, 242 and
      245 of the General Corporation Law of the State of Delaware
      and is
      as follows:

     

    RESOLVED,
      that
      the Certificate of Incorporation of the Corporation be, and hereby is, amended
      and restated in its entirety as follows:

     

    FIRST: The
      name
      of the corporation (hereinafter referred to as the “Corporation”)
      is
      WinWin Gaming, Inc.

     

    SECOND: The
      address of the Corporation’s registered office in the State of Delaware is
      Corporation Trust Center, 1209 Orange Street, City of Wilmington, County of
      New
      Castle, 19801; and the name of the registered agent of the Corporation in the
      State of Delaware at such address is The Corporation Trust Company.

     

    THIRD: The
      purpose of the Corporation is to engage in any lawful act or activity for which
      corporations may be organized under the General Corporation Law of the State
      of
      Delaware (hereinafter, the “DGCL”).

     

    FOURTH: The
      total
      number of shares of all classes of stock which the Corporation shall have
      authority to issue is (i) Seven Hundred Fifty Million (750,000,000) shares
      of common stock, $0.01 par value per share (“Common
      Stock”)
      and
      (ii) Sixty Million (60,000,000) shares of preferred stock, $0.01 par value
      per share (“Preferred
      Stock”).
      

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    The
      following is a statement of the designations and the powers, privileges and
      rights, and the qualifications, limitations or restrictions thereof in respect
      of each class of capital stock of the Corporation.

     

    A. Common
      Stock.

     

    1. General.
      The
      voting, dividend and liquidation rights of the holders of Common Stock are
      subject to and qualified by the rights of the holders of Preferred Stock of
      any
      series as may be designated by the Board of Directors upon any issuance of
      Preferred Stock of any series.

     

    2. Increase
      of Authorized Shares.
      Except
      as otherwise provided in this Article, the number of authorized shares of Common
      Stock may be increased or decreased (but not below the number of shares thereof
      then outstanding) by the affirmative vote of the holders of a majority of the
      stock of the Corporation entitled to vote, irrespective of the provisions of
      Section 242(b)(2) of the DGCL.

     

    3. Voting.
      The
      holders of Common Stock are entitled to one vote for each share held at all
      meetings of stockholders (and written consents in lieu of meetings). There
      shall
      be no cumulative voting.

     

    4. Dividends.
      Dividends may be declared and paid on Common Stock from funds lawfully available
      therefor as and when determined by the Board of Directors and subject to any
      preferential dividend rights of any then outstanding Preferred
      Stock.

     

    5. Liquidation.
      Upon
      the dissolution or liquidation of the Corporation, whether voluntary or
      involuntary, holders of Common Stock will be entitled to receive all assets
      of
      the Corporation available for distribution to its stockholders, subject to
      any
      preferential rights of any then outstanding Preferred Stock.

     

    6. No
      Redemption by Corporation.
      The
      Common Stock is not subject to redemption by the Corporation.

     

    B. Preferred
      Stock.

     

    Preferred
      Stock may be issued from time to time in one or more series, each of such series
      to have such terms as stated or expressed herein and in the resolution or
      resolutions providing for the issue of such series adopted by the Board of
      Directors of the Corporation as hereinafter provided. Different series of
      Preferred Stock shall not be construed to constitute different classes of shares
      for the purposes of voting by classes unless expressly provided.

     

    Authority
      is hereby expressly granted to the Board of Directors from time to time to
      issue
      Preferred Stock in one or more series, and in connection with the creation
      of
      any such series, by resolution or resolutions providing for the issue of the
      shares thereof, to determine and fix such voting powers, full or limited, or
      no
      voting powers, and such designations, preferences and relative participating,
      optional or other special rights, and qualifications, limitations or
      restrictions thereof, including without limitation thereof, dividend rights,
      special voting rights, conversion rights, redemption privileges and liquidation
      preferences, as shall be stated and expressed in such resolutions, all to the
      full extent now or hereafter permitted by the DGCL. Without limiting the
      generality of the foregoing, the resolutions providing for issuance of any
      series of Preferred Stock may provide that such series shall be superior or
      rank
      equally or be junior to Preferred Stock of any other series to the extent
      permitted by law. Except as otherwise specifically provided in this Amended
      and
      Restated Certificate of Incorporation, the By-laws of the Corporation or any
      agreement in existence from time-to-time among the stockholders of the
      Corporation and the Corporation, no vote of the holders of Preferred Stock
      or
      Common Stock shall be a prerequisite to the issuance of any shares of any series
      of Preferred Stock authorized by and complying with the conditions of this
      Amended and Restated Certificate of Incorporation, the right to have such vote
      being expressly waived by all present and future holders of the capital stock
      of
      the Corporation.

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    C. Series A
      Preferred Stock.

     

    A
      series
      of Preferred Stock consisting of Sixty Million (60,000,000) shares and having
      the following voting powers, designations, preferences and relative,
      participating, optional or other rights and the following qualifications,
      limitations and restrictions is hereby created from the authorized but unissued
      shares of the Preferred Stock. 

     

    
      
        1.
          Designation.

      

    

     

    The
      distinctive designation of such series is “Series A Preferred Stock”
(hereinafter referred to as the “Series
      A Preferred Stock”).

     

    2. Rank.

     

    The
      Series A Preferred Stock shall, with respect to dividend rights and rights
      on
      liquidation, winding up and dissolution, rank (a) prior to any other series
      of
      Preferred Stock hereafter established by the Board of Directors, and (b) prior
      to the Common Stock.

     

    3. Dividends.

     

    The
      holders of the Series A Preferred Stock shall be entitled to receive, out of
      any
      funds legally available therefor, noncumulative dividends, payable at a rate
      per
      annum equal to 8% of the Series A Original Issue Price (as defined below),
      when
      and if declared by the Corporation’s Board of Directors. No dividends on the
      Common Stock shall be paid unless, in addition to the amount set forth in the
      previous sentence, the amount of such dividend on the Common Stock is also
      paid
      on the Series A Preferred Stock on an as-converted to Common Stock
      basis.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    4. Liquidation
      Preference.

     

    Upon
      a
      Liquidation Event (as defined below), the holders of shares of Series A
      Preferred Stock are entitled to receive out of assets of the Corporation
      available for distribution to stockholders, before any distribution of assets
      is
      made to holders of Common Stock, liquidating distributions in the amount of
      $7.91 per share (as equitably adjusted for any stock dividends, combinations,
      splits, recapitalizations or similar events with respect to such shares) (the
      “Series
      A Original Issue Price”),
      plus
      (a) an additional amount equal to eight percent (8%) of the Series A Original
      Issue Price per year, calculated based on the number of days elapsed prior
      to
      the Liquidation Event and (b) any declared but unpaid dividends (the amount
      payable to a holder of Series A Preferred Stock upon a Liquidation Event as
      aforesaid being referred to herein as the “Liquidation
      Preference”).
      

     

    If
      upon a
      Liquidation Event, the Liquidation Preference and any amounts payable upon
      a
      Liquidation Event to other shares of stock of the Corporation ranking as to
      any
      such distribution on a parity with the Series A Preferred Stock are not paid
      in
      full, the holders of the Series A Preferred Stock and of such other shares
      will
      share ratably in any such distribution of assets of the Corporation in
      proportion to the full respective preferential amounts to which they are
      entitled.

     

    For
      purposes of this Article FOURTH, a “Liquidation
      Event”
is
      any
      liquidation, dissolution or winding up of the Corporation, either voluntary
      or
      involuntary, and unless otherwise determined by the election of the holders
      of a
      majority of the then outstanding Series A Preferred Stock, shall be deemed
      to be
      occasioned by, or to include, (a) the acquisition of the Corporation by another
      entity by means of any transaction or series of related transactions (including,
      without limitation, any reorganization, merger, consolidation, or other
      transaction in which control of the Corporation is transferred, but, excluding
      any merger effected exclusively for the purpose of changing the domicile of
      the
      Corporation) unless the Corporation’s capital stock of record as constituted
      immediately prior to such acquisition will, immediately after such acquisition,
      represent at least 50% of the voting power of the surviving or acquiring entity
      or (b) a sale, lease, transfer or other disposition, in a single transaction
      or
      series of related transactions, of all or substantially all of the assets and/or
      the intellectual property of the Corporation and its subsidiaries, taken as
      a
      whole.

     

    5. Voting
      Rights.

     

    5.1 General.
      Except
      as may be otherwise provided herein or by law, the Series A Preferred Stock
      shall vote together with all other classes and series of stock of the
      Corporation as a single class on all actions to be taken by the stockholders
      of
      the Corporation. Each share of Series A Preferred Stock shall entitle the holder
      thereof to such number of votes per share on each such action as shall equal
      the
      number of shares of Common Stock (including fractions of a share) into which
      each share of Series A Preferred Stock is then convertible.

     

    5.2 Board
      of Directors.
      The
      holders of the Series A Preferred Stock, voting as a separate series, shall
      be
      entitled to elect two directors of the Corporation (the “Series
      A Directors”).
      A
      vacancy in any directorship elected by the holders of the Series A Preferred
      Stock shall be filled only by vote or written consent of the holders of the
      Series A Preferred Stock. Any Series A Director may be removed without cause
      by,
      and only by, the affirmative vote of the holders of a majority of the Series
      A
      Preferred Stock, given either at a special meeting of such stockholders duly
      called for that purpose or pursuant to a written consent of stockholders. At
      any
      meeting held for the purpose of electing a Series A Director, the presence
      in
      person or by proxy of the holders of a majority of the outstanding shares of
      Series A Preferred Stock shall constitute a quorum for the purpose of electing
      such Series A Director.

     

    
      
        
        

      

      
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    5.3 Protective
      Provisions.
      So long
      as at least 85% of the shares of Series A Preferred Stock first issued to the
      original holders thereof remain outstanding (as adjusted for stock splits,
      distributions, combinations and similar events), except where the vote or
      written consent of the holders of a greater number of shares of the Corporation
      is required by law or the Certificate of Incorporation of the Corporation,
      and
      in addition to any other vote required by law or the Certificate of
      Incorporation of the Corporation, without the approval of the holders of a
      majority of the then outstanding Series A Preferred Stock, given in writing
      or
      by vote at a meeting, the Corporation will not, either directly or by amendment,
      merger, consolidation or otherwise:

     

    (a) Alter
      or
      change the rights, preferences or privileges of the Series A Preferred
      Stock;

     

    (b) Create
      (by reclassification or otherwise) any new class or series of shares having
      rights, preferences or privileges senior to or on a parity with the Series
      A
      Preferred Stock with respect to redemption, voting, dividends or distribution
      of
      assets upon a Liquidation Event;

     

    (c) Create
      (by reclassification or otherwise) any new class or series of shares unless
      such
      shares are subject to purchase by Solidus Networks, Inc. and repurchase by
      the
      Corporation pursuant to purchase and redemption options satisfactory to the
      holders of a majority of the outstanding shares of Series A Preferred
      Stock;

     

    (d) Repurchase
      or redeem any shares of Common Stock (other than the repurchase of unvested
      shares at cost upon the termination of employment or the provision of services
      pursuant to equity incentive agreements with employees or service providers
      giving the Corporation the right to repurchase such shares);

     

    (e) Effect,
      or consent to, a merger, other corporate reorganization, sale of controlling
      interest by the Corporation or any of its material subsidiaries, or any
      transaction in which all or substantially all of the assets of the Corporation
      or any of its material subsidiaries are sold;

     

    (f) Effect,
      or consent to, a voluntary dissolution or liquidation of the Corporation or
      any
      of its material subsidiaries;

     

    (g) Amend
      or
      waive any provision of the Corporation's Amended and Restated Certificate of
      Incorporation or Bylaws (i) relative to the Series A Preferred Stock or (ii)
      to
      increase the authorized number of shares of Common Stock;

     

    
      
        
        

      

      
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    (h) Pay
      or
      declare any dividend or make any other distribution on any shares of Common
      Stock or Preferred Stock; or 

     

    (i) Authorize
      or issue any additional shares of Series A Preferred Stock or any equity
      securities convertible, directly or indirectly, into additional shares of Series
      A Preferred Stock.

     

    6. Conversion
      Rights.

     

    The
      holders of the Series A Preferred Stock shall have conversion rights as follows
      (the “Conversion
      Rights”):

     

    6.1 Right
      to Convert.
      Each
      share of Series A Preferred Stock shall be convertible, at the option of the
      holder thereof, at any time after the date of issuance at the office of the
      Corporation or any transfer agent for such stock, into such number of fully
      paid
      and nonassessable shares of Common Stock as is determined by dividing the Series
      A Original Issue Price by the Series A Conversion Price applicable to such
      share, determined as hereafter provided, in effect on the date the certificate
      is surrendered for conversion. The initial conversion price per share for shares
      of Series A Preferred Stock (“Series
      A Conversion Price”
)
      shall
      be $0.791; provided, however, that the Series A Conversion Price shall be
      subject to adjustment as set forth in this Section 6.

     

    6.2 Automatic
      Conversion.
      Each
      share of Series A Preferred Stock shall automatically be converted into shares
      of Common Stock at the Series A Conversion Price at the time in effect for
      such
      stock immediately upon the date specified by written consent or agreement of
      the
      holders of a majority of the then outstanding shares of the Series A Preferred
      Stock, voting as a separate class.

     

    6.3 Mechanics
      of Conversion.
      Before
      any holder of Series A Preferred Stock shall be entitled to convert the same
      into shares of Common Stock, the holder shall surrender the certificate or
      certificates therefor, duly endorsed, at the office of the Corporation or of
      any
      transfer agent for such Series A Preferred Stock, and shall give written notice
      to the Corporation at its principal corporate office, of the election to convert
      the same and shall state therein the name or names in which the certificate
      or
      certificates for shares of Common Stock are to be issued. The Corporation shall,
      as soon as practicable thereafter, issue and deliver at such office to such
      holder of Series A Preferred Stock, or to the nominee or nominees of such
      holder, a certificate or certificates for the number of shares of Common Stock
      to which such holder shall be entitled as aforesaid. Such conversion shall
      be
      deemed to have been made immediately prior to the close of business on the
      date
      of such surrender of the shares of Series A Preferred Stock to be converted,
      and
      the person or persons entitled to receive the shares of Common Stock issuable
      upon such conversion shall be treated for all purposes as the record holder
      or
      holders of such shares of Common Stock as of such date.

     

    6.4 Fractional
      Shares.
      In lieu
      of any fractional shares to which the holder of Series A Preferred Stock would
      otherwise be entitled, the Corporation shall pay cash equal to such fraction
      multiplied by the Series A Conversion Price as then in effect. Whether or not
      fractional shares would be issuable upon such conversion shall be determined
      on
      the basis of the total number of shares of Series A Preferred Stock of each
      holder at the time converting into Common Stock and the number of shares of
      Common Stock issuable upon such aggregate conversion.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    6.5 Adjustment
      of Conversion Price.
      The
      Series A Conversion Price shall be subject to adjustment from time to time
      as
      follows:

     

    (a) Special
      Definitions.
      For
      purposes of this Section 6, the following definitions shall apply:

     

    (1) “Options”
      shall mean rights, options or warrants to subscribe for, purchase or otherwise
      acquire either Common Stock or Convertible Securities.

     

    (ii) “Original
      Issue Date” shall mean the date on which the first share of Series A Preferred
      Stock was first issued.

     

    (iii) “Convertible
      Securities” shall mean any evidences of indebtedness, shares or other securities
      convertible into or exercisable or exchangeable, directly or indirectly, for
      Common Stock.

     

    (iv) “Additional
      Shares of Common Stock” shall mean all shares of Common Stock issued (or,
      pursuant to Section 6.6, deemed to be issued) by the Corporation after the
      Original Issue Date, other than shares of Common Stock issued or
      issuable:

     

    (A) upon
      conversion of shares of Preferred Stock;

     

    (B) to
      officers, directors, employees and consultants of the Corporation pursuant
      to
      stock incentive plans, or other stock arrangements that have been approved
      by
      the Board of Directors of the Corporation including the Series A
      Directors;

     

    (C) pursuant
      to any event for which adjustment has already been made pursuant to Section
      6.7;

     

    (D) as
      a
      dividend or distribution on the Corporation’s Common Stock or Preferred Stock,
      where an adjustment is made pursuant to Sections 6.9, 6.10 or 6.11;

     

    (E) upon
      the
      written consent of the holders of a majority of the Series A Preferred Stock
      that expressly states that such shares shall not constitute Additional Shares
      of
      Common Stock;

     

    
      
        
        

      

      
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    (F) upon
      the
      exercise of Options or conversion of any Convertible Securities outstanding
      as
      of the date hereof;

     

    (G) pursuant
      to a loan arrangement or debt financing from a bank, equipment lessor or similar
      financial institution approved by the Board of Directors, including the Series
      A
      Directors;

     

    (H) in
      connection with strategic transactions (but excluding any merger, consolidation,
      acquisition or similar business combination) that have been approved by the
      Board of Directors of the Corporation including the Series A Directors;
      or

     

    (I) pursuant
      to the provisions of Section 6.12 hereof.

     

    6.6 Deemed
      Issue of Additional Shares of Common Stock.
      Except
      as provided in Section 6.5(a)(iv) above, in the event the Corporation at any
      time or from time to time after the Original Issue Date shall issue any Options
      or Convertible Securities or shall fix a record date for the determination
      of
      holders of any class of securities entitled to receive any such Options or
      Convertible Securities, then the maximum number of shares (as set forth in
      the
      instrument relating thereto without regard to any provisions contained therein
      for a subsequent adjustment of such number) of Common Stock issuable upon the
      exercise of such Options or, in the case of Convertible Securities and Options
      therefor, the conversion or exchange of such Convertible Securities, shall
      be
      deemed to be Additional Shares of Common Stock issued as of the time of such
      issue or, in case such a record date shall have been fixed, as of the close
      of
      business on such record date, provided that in any such case in which Additional
      Shares of Common Stock are deemed to be issued:

     

    (a) no
      further adjustment in the Series A Conversion Price shall be made upon the
      subsequent issue of Convertible Securities or shares of Common Stock upon the
      exercise of such Options or conversion or exchange of such Convertible
      Securities;

     

    (b) if
      such
      Options or Convertible Securities by their terms provide, with the passage
      of
      time or otherwise, for any increase or decrease in the consideration payable
      to
      the Corporation, or increase or decrease in the number of shares of Common
      Stock
      issuable, upon the exercise, conversion or exchange thereof, the Series A
      Conversion Price computed upon the original issue thereof (or upon the
      occurrence of a record date with respect thereto), and any subsequent
      adjustments based thereon, shall, upon any such increase or decrease becoming
      effective, be recomputed to reflect such increase or decrease insofar as it
      affects such Options or the rights of conversion or exchange under such
      Convertible Securities; and

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    (c) upon
      the
      expiration of any such Options or any rights of conversion or exchange under
      such Convertible Securities which shall not have been exercised, the Series
      A
      Conversion Price computed upon the Original Issue Date, and any subsequent
      adjustments based thereon, shall, upon such expiration, be recomputed as
      if:

     

    (i) in
      the
      case of Convertible Securities or Options for Common Stock, the only Additional
      Shares of Common Stock issued were shares of Common Stock, if any, actually
      issued upon the exercise of such Options or the conversion or exchange of such
      Convertible Securities, and the consideration received therefor was the
      consideration actually received by the Corporation for the issue of all such
      Options, whether or not exercised, plus the consideration actually received
      by
      the Corporation upon such exercise, or for the issue of all such Convertible
      Securities which were actually converted or exchanged; and

     

    (ii) in
      the
      case of Options for Convertible Securities, only the Convertible Securities,
      if
      any, actually issued upon the exercise thereof were issued at the time of issue
      of such Options and the consideration received by the Corporation for the
      Additional Shares of Common Stock deemed to have been then issued was the
      consideration actually received by the Corporation for the issue of all such
      Options, whether or not exercised, plus the consideration deemed to have been
      received by the Corporation upon the issue of the Convertible Securities with
      respect to which such Options were actually exercised.

     

    6.7 Adjustment
      of Conversion Price Upon Issuance of Additional Shares of Common
      Stock.
      In the
      event this Corporation shall issue Additional Shares of Common Stock (including
      Additional Shares of Common Stock deemed to be issued pursuant to Section 6.6)
      without consideration or for a consideration per share less than the Series
      A
      Conversion Price applicable on and immediately prior to such issue, then and
      in
      such event, the Series A Conversion Price shall be reduced, concurrently with
      such issue, to a price (calculated to the nearest cent) determined by
      multiplying the Series A Conversion Price in effect on the date of and
      immediately prior to such issue by a fraction, the numerator of which shall
      be
      the number of shares of Common Stock outstanding immediately prior to such
      issue, including any Common Stock issuable pursuant to any then outstanding
      options, rights or warrants for Common Stock or any class or series of stock
      convertible into Common Stock (including but not limited to Preferred Stock),
      plus the number of shares of Common Stock which the aggregate consideration
      received by the Corporation for the total number of Additional Shares of Common
      Stock so issued would purchase at the Series A Conversion Price in effect on
      the
      date of and immediately prior to such issue; and the denominator of which shall
      be the number of shares of Common Stock outstanding immediately prior to such
      issue, including any Common Stock issuable pursuant to any then outstanding
      options, rights or warrants for Common Stock or any class or series of stock
      convertible into Common Stock (including but not limited to Preferred Stock)
      outstanding immediately prior to such issue, plus the number of such Additional
      Shares of Common Stock so issued.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    6.8 Determination
      of Consideration.
      For
      purposes of this Section 6, the consideration received by the Corporation for
      the issue of any Additional Shares of Common Stock shall be computed as
      follows:

     

    (a) Cash
      and Property.
      Such
      consideration shall:

     

    (i) insofar
      as it consists of cash, be computed at the aggregate amount of cash received
      by
      the Corporation excluding amounts paid or payable for accrued interest or
      accrued dividends;

     

    (ii) insofar
      as it consists of property other than cash, be computed at the fair value
      thereof at the time of such issue, as determined in good faith by the Board
      of
      Directors; and

     

    (iii) in
      the
      event Additional Shares of Common Stock are issued together with other shares
      or
      securities or other assets of the Corporation for consideration which covers
      both, be the proportion of such consideration so received, computed as provided
      in clauses (i) and (ii) above, as determined in good faith by the Board of
      Directors.

     

    (b) Options
      and Convertible Securities.
      The
      consideration per share received by the Corporation for Additional Shares of
      Common Stock deemed to have been issued pursuant to Section 6.6, relating to
      Options and Convertible Securities, shall be determined by dividing

     

    (i) the
      total
      amount, if any, received or receivable by the Corporation as consideration
      for
      the issue of such Options or Convertible Securities, plus the minimum aggregate
      amount of additional consideration (as set forth in the instruments relating
      thereto, without regard to any provision contained therein for a subsequent
      adjustment of such consideration) payable to the Corporation upon the exercise
      of such Options or the conversion or exchange of such Convertible Securities,
      or
      in the case of Options for Convertible Securities, the exercise of such options
      for Convertible Securities and the conversion or exchange of such Convertible
      Securities by

     

    (ii) the
      maximum number of shares of Common Stock (as set forth in the instruments
      relating thereto, without regard to any provision contained therein for a
      subsequent adjustment of such number) issuable upon the exercise of such Options
      or the conversion or exchange of such Convertible Securities.

     

    6.9 Adjustments
      for Stock Dividends, Subdivisions, or Split-ups of Common Stock.
      If the
      number of shares of Common Stock outstanding at any time after the filing of
      this Amended and Restated Certificate of Incorporation is increased by a stock
      dividend payable in shares of Common Stock or by a subdivision or split-up
      of
      shares of Common Stock without a corresponding increase in the number of shares
      of Series A Preferred Stock outstanding, then, effective at the close of
      business upon the record date fixed for the determination of holders of Common
      Stock entitled to receive such stock dividend, subdivision or split-up, the
      Series A Conversion Price shall be appropriately decreased so that the number
      of
      shares of Common Stock issuable on conversion of each share of Series A
      Preferred Stock shall be increased in proportion to such increase in outstanding
      shares of Common Stock.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    6.10 Adjustments
      for Combinations of Common Stock.
      If the
      number of shares of Common Stock outstanding at any time after the filing of
      this Amended and Restated Certificate of Incorporation is decreased by a
      combination of the outstanding shares of Common Stock without a corresponding
      decrease in the number of shares of Series A Preferred Stock outstanding, then,
      effective at the close of business upon the record date of such combination,
      the
      Series A Conversion Price shall be appropriately increased so that the number
      of
      shares of Common Stock issuable on conversion of each share of Series A
      Preferred Stock shall be decreased in proportion to such decrease in outstanding
      shares of Common Stock.

     

    6.11 Adjustments
      for Reorganizations, Reclassifications, etc.
      If the
      Common Stock issuable upon conversion of the Series A Preferred Stock shall
      be
      changed into the same or a different number of shares of any other class or
      classes of stock or other securities or property, whether by reclassification,
      a
      merger or consolidation of this Corporation with or into any other corporation
      or corporations, or a sale of all or substantially all of the assets of this
      Corporation (but only if such change is not in connection with an event that
      is
      deemed to be a Liquidation Event), or otherwise (other than a subdivision or
      combination of shares provided for in Section 6.9 or 6.10 above), the Series
      A
      Conversion Price then in effect shall, concurrently with the effectiveness
      of
      such reorganization or reclassification, be proportionately adjusted such that
      the Series A Preferred Stock shall be convertible into, in lieu of the number
      of
      shares of Common Stock which the holders would otherwise have been entitled
      to
      receive, a number of shares of such other class or classes of stock or
      securities or other property equivalent to the number of shares of Common Stock
      that would have been subject to receipt by the holders upon conversion of the
      Series A Preferred Stock immediately before such event; and, in any such case,
      appropriate adjustment (as determined by the Board of Directors) shall be made
      in the application of the provisions herein set forth with respect to the rights
      and interests thereafter of the holders of the Series A Preferred Stock, to
      the
      end that the provisions set forth herein (including provisions with respect
      to
      changes in and other adjustments of the Series A Conversion Price) shall
      thereafter be applicable, as nearly as may be reasonable, in relation to any
      shares of stock or other property thereafter deliverable upon the conversion
      of
      the Series A Preferred Stock.

     

    6.12 Special
      Adjustment for Issuance of Excluded Warrant Shares.
      Notwithstanding the provisions of Section 6.5(a)(iv)(F) hereof, if the
      Corporation issues shares of its Common Stock (“Excluded
      Warrant Shares”)
      upon
      the exercise of Excluded Warrants (as defined below), then for each Excluded
      Warrant Share issued, the Corporation shall issue to the holder of a share
      of
      Series A Preferred Stock upon conversion of such share, in addition to any
      other
      shares of Common Stock issuable hereunder as a result of such conversion, a
      number of shares of Common Stock equal to the number obtained by application
      of
      the following formula: (M x WS)/ OP, where,

     

    M
      = the
      multiple, which is 66%,

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    WS
      = the
      total number of Excluded Warrant Shares issued, and

     

    OP
      = the
      total number of shares of Series A Preferred Stock outstanding.

     

    For
      purposes of this Section 6.12, “Excluded
      Warrants”
means
      (i) those warrants outstanding as of the filing date of this Amended and
      Restated Certificate to purchase an aggregate of [8,691,181] 2 
      shares
      of Common Stock (as equitably adjusted for any stock dividends, combinations,
      splits, recapitalizations or similar events with respect to such shares), as
      they may be amended or exchanged from time to time, the majority of which have
      an exercise price of at least $0.25 per share (as equitably adjusted for any
      stock dividends, combinations, splits, recapitalizations or similar events
      with
      respect to such shares), (ii) that certain warrant issued by the Corporation
      pursuant to that certain Securities Purchase Agreement, dated as of February
      25,
      2005, by and between the Corporation and the Van Wagoner Private Opportunities
      Fund L.P., as it may be amended or exchanged from time to time, and (iii) those
      certain warrants issued by the Corporation pursuant to that certain Secured
      Convertible Note and Warrant Purchase Agreement, dated as of April 21, 2006,
      by
      and among the Corporation and each of the purchasers signatory thereto, as
      they
      may be amended or exchanged from time to time.

     

    6.13 Minimal
      Adjustments.
      No
      adjustment in the Series A Conversion Price need be made if such adjustment
      would result in a change in the Series A Conversion Price of less than $0.01.
      Any adjustment of less than $0.01 which is not made shall be carried forward
      and
      shall be made at the time of and together with any subsequent adjustment which,
      on a cumulative basis, amounts to an adjustment of $0.01 or more in the Series
      A
      Conversion Price, or upon conversion, whichever first occurs.

     

    6.14 No
      Impairment.
      The
      Corporation will not through any reorganization, recapitalization, 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 the Corporation pursuant to
      this
      Section 6, but will at all times in good faith assist in the carrying out of
      all
      the provisions of this Section 6 and in the taking of all such action as may
      be
      necessary or appropriate in order to protect the conversion rights of the
      holders of Series A Preferred Stock against impairment. This provision shall
      not
      restrict the Corporation’s right to amend this Amended and Restated Certificate
      of Incorporation with the requisite stockholder consent or
      approval.

     

    6.15 Notices
      of Record Date.
      In the
      event that the Corporation shall propose at any time:

     

    (a) to
      declare any dividend or distribution upon its Common Stock, whether in cash,
      property, stock or other securities, whether or not a regular cash dividend
      and
      whether or not out of earnings or earned surplus;

     

    (b) to
      offer
      for subscription pro rata to the holders of any class or series of its stock
      any
      additional shares of stock of any class or series or other rights;

     

    
      
        

      

    

    2
      [To be
      updated at time of filing]

    
 

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    (c) to
      effect
      any reclassification or recapitalization of its Common Stock outstanding
      involving a change in the Common Stock; or

     

    (d) to
      merge
      or consolidate with or into any other corporation, or sell all or substantially
      all its property or business, or to liquidate, dissolve or wind up;

     

    then,
      in
      connection with each such event, the Corporation shall send to the holders
      of
      the Series A Preferred Stock:

     

    (i) at
      least
      20 days’ prior written notice of the date on which a record shall be taken for
      such dividend, distribution or subscription rights (and specifying the date
      on
      which the holders of Common Stock shall be entitled thereto and the amount
      and
      character of such dividend, distribution or right) or for determining rights
      to
      vote in respect of the matters referred to in clause (c) or (d) above;
      and

     

    (ii) in
      the
      case of the matters referred to in clauses (c) or (d) above, at least 20 days’
prior written notice of the date when the same shall take place (and specifying
      the date on which the holders of Common Stock shall be entitled to exchange
      their Common Stock for securities or other property deliverable upon the
      occurrence of such event or the record date for the determination of such
      holders if such record date is earlier).

     

    Each
      such
      written notice shall be delivered personally or given by first class mail,
      postage prepaid, addressed to each holder of Series A Preferred Stock at the
      address for each such holder as shown on the books of the
      Corporation.

     

    6.16 Reservation
      of Stock Issuable Upon Conversion.
      The
      Corporation shall at all times reserve and keep available out of its authorized
      but unissued shares of Common Stock solely for the purpose of effecting the
      conversion of the shares of Series A Preferred Stock such number of shares
      of
      its Common Stock as shall from time to time be sufficient to effect the
      conversion of all authorized shares of Series A Preferred Stock, whether or
      not
      such shares are then outstanding; and if at any time the number of authorized
      but unissued shares of Common Stock shall not be sufficient to effect the
      conversion of all the authorized shares of Series A Preferred Stock, the
      Corporation will take such corporate action as may, in the opinion of its
      counsel, whether or not such shares are then outstanding, be necessary to
      increase its authorized but unissued shares of Common Stock to such number
      of
      shares as shall be sufficient for such purpose.

     

    6.17 Status
      of Converted or Contributed Shares.
      In case
      any shares of Series A Preferred Stock are converted into Common Stock pursuant
      to Section 6 hereof or contributed back to the Corporation (through repurchase
      or otherwise) after the date such shares of Series A Preferred Stock were first
      issued, all such shares so converted or contributed shall, upon such conversion
      or contribution, be cancelled and shall not be issuable by the
      Corporation. The
      Corporation may from time to time take such appropriate corporate action as
      may
      be necessary to reduce accordingly the number of authorized shares of the
      Company’s Series A Preferred Stock.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    6.18 No
      Redemption by Corporation.
      The
      Series A Preferred Stock is not subject to redemption by the
      Corporation.

     

    
      
        7.
          Excluded
          Opportunities.

      

    

     

    The
      Corporation renounces any interest or expectancy of the Corporation in, or
      in
      being offered an opportunity to participate in, any Excluded Opportunity. An
      “Excluded
      Opportunity”
is
      any
      matter, transaction or interest that is presented to, or acquired, created
      or
      developed by, or which otherwise comes into the possession of, (a) any Series
      A
      Director who is not an employee of the Corporation or any of its subsidiaries,
      or (b) any holder of Series A Preferred Stock or any partner, member, director,
      stockholder, employee or agent of any such holder, other than someone who is
      an
      employee of the Corporation or any of its subsidiaries (collectively,
“Covered
      Persons”),
      unless such matter, transaction or interest is presented to, or acquired,
      created or developed by, or otherwise comes into the possession of, a Covered
      Person expressly and solely in such Covered Person’s capacity as a director of
      the Corporation.

    

    FIFTH: All
      powers of the Corporation, insofar as the same may be lawfully vested by this
      Amended and Restated Certificate of Incorporation in the Board of Directors,
      are
      hereby conferred upon the Board of Directors of the Corporation. In furtherance
      and not in limitation of that power, the Board of Directors shall have the
      power
      to make, adopt, alter, amend and repeal from time to time By-Laws of the
      Corporation, subject to the right of the stockholders entitled to vote with
      respect thereto to adopt, alter, amend and repeal By-Laws made by the Board
      of
      Directors.

     

    SIXTH: A
      director of the Corporation shall not be personally liable to the Corporation
      or
      its stockholders for monetary damages for breach of fiduciary duty as a
      director, except for liability (i) for any breach of the director’s duty of
      loyalty to the Corporation or its stockholders, (ii) for acts or omissions
      not
      in good faith or which involve intentional misconduct or a knowing violation
      of
      law, (iii) under Section 174 of the DGCL, or (iv) for any transaction from
      which
      the director derived any improper personal benefit. If the DGCL is amended
      to
      authorize corporate action further eliminating or limiting the personal
      liability of directors, then the liability of a director of the Corporation
      shall be eliminated or limited to the fullest extent permitted by the DGCL,
      as
      so amended. Any repeal or modification of this Article by the stockholders
      of
      the Corporation shall not adversely affect any right or protection of a director
      of the Corporation existing at the time of such repeal or
      modification.

     

    SEVENTH: In
      connection with the exercise of its judgment in determining what is in the
      best
      interest of the Corporation and of the stockholders, when evaluating a Business
      Combination or a proposal by another person or persons to make a Business
      Combination or a tender or exchange offer, the Board of Directors of the
      Corporation hereby is expressly authorized to consider, in addition to the
      adequacy of the consideration to be paid in connection with such transaction,
      the following factors and any other factors which it deems relevant, including,
      without limitation: (i) the long term interests of the Corporation’s
      stockholders, including among other factors, the consideration being offered
      in
      relation to (a) the then current market price of the Corporation’s equity
      securities and the historical range of such prices, (b) the then current value
      of the Corporation in a freely negotiated transaction, and (c) the Board of
      Directors’ then estimate of the future value of the Corporation as an
      independent entity; (ii) the economic, social and legal effects on the
      Corporation and its subsidiaries, including among other factors, such effects
      on
      the Corporation’s employees, customers, creditors, suppliers and the communities
      in which they operate or are located; (iii) the business and financial condition
      and earnings prospects of the acquiring person or persons, including, but not
      limited to, debt service and other existing financial obligations, financial
      obligations to be incurred in connection with the acquisition, and other likely
      financial obligations of the acquiring person or persons, and the possible
      effect of such conditions upon the Corporation, its subsidiaries, and the other
      elements of the communities in which the Corporation and its subsidiaries
      operate or are located; and (iv) the competence, experience and integrity of
      the
      acquiring person or persons, and its or their management. For the purposes
      of
      this Article, “Business
      Combination”
is
      defined as (a) a tender or exchange offer for any equity securities of the
      Corporation, (b) a proposal to merge or consolidate the Corporation with or
      into
      another company, (c) a proposal to purchase or otherwise acquire all or
      substantially all of the properties and assets of the Corporation, or (d) a
      proposal to engage in any other form of business combination with the
      Corporation.

     

     

    [Signature
      Page Follows]

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Corporation has caused this Amended and Restated
      Certificate of Incorporation to be signed by its [_______________], this ____
      day of _________________, 2006.

     

    
      	 	
              WINWIN
                GAMING,
                INC.

            
	 	 
	 	 
	 	
              By:
                /s/                                                                          
                

            
	 	
              [Name]

            
	 	
              [Title]

            

    

    

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    EXHIBIT
      F

    (Form
      of Opinion of WinWin Delaware Counsel)

     

    Direct
      Dial: (302) 472-7301

    Email:
      vproctor@proctorheyman.com

    

    

    August
      ________, 2006                            

    

    

    Solidus
      Networks, Inc. 

    101
      Second Street, Suite 1100

    San
      Francisco CA 94105

    

    Re:
      WinWin Gaming, Inc.

    

    Ladies
      and Gentlemen:

     

    We
      have
      been retained as special Delaware counsel to WinWin Gaming, Inc., a Delaware
      corporation (the “Company”),
      to
      furnish this opinion to you in connection with certain specific matters arising
      under the General Corporation Law of the State of Delaware (“DGCL”) and relating
      to that certain Second Amended and Restated Joint Venture Agreement, dated
      as of
      August ______, 2006 (the “Agreement”),
      between the Company and Solidus Networks, Inc., 
      a
      Delaware corporation (“PBT”).
      This
      opinion is furnished to PBT pursuant to Section 7(i) of the Agreement. All
      capitalized terms not otherwise defined herein shall have the meanings given
      to
      them in the Agreement. Items (a) and (b) below are hereinafter referred to
      collectively as the “Transaction Documents.”

     

    For
      purposes of the opinions expressed herein, we have examined only the following
      documents:

     

    
      	 	
              (a)

            	
              the
                Agreement;

            

    

     

    
      	 	
              (b)

            	
              that
                certain Investment Option Agreement, of even date herewith (the
                “Investment
                Option Agreement”),
                by and between the Company and PBT;

            

    

     

    
      	 	
              (c)

            	
              the
                Bylaws of the Company, as certified on the date hereof by an officer
                of
                the Company (the “Bylaws”);

            

    

     

    
      	 	
              (d)

            	
              the
                Certificate of Incorporation of the Company, as amended to date,
                as
                certified on the date hereof by an officer of the Company (the
                “Original
                Certificate”);

            

    

     

    
      	 	
              (e)

            	
              the
                Certificate of Designation of Powers Designations, Preferences and
                Relative Participating, Optional or Other Special Rights and
                Qualifications, Limitations and Restrictions of the Series A-1 Preferred
                Stock of the Company (the “Certificate
                of Designation”);
                

            

    

     

    
      	 	
              (f)

            	
              a
                draft, dated August 28, 2006, of the proposed Amended and Restated
                Certificate of Incorporation of the Company (the “Proposed
                Restated Certificate”
                and, together with the Original Certificate, the Bylaws and the
                Certificate of Designation, the “Governing
                Documents”);

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	 	
              (g)

            	
              a
                Good Standing Certificate issued by the Secretary of State of the
                State of
                Delaware on [_____], 2006 certifying as to the good standing of the
                Company in Delaware; and

            

    

     

    
      	 	
              (h)

            	
              the
                Secretary’s Certificate of the Company, of even date herewith, as executed
                by the Secretary of the Company, certifying as to certain factual
                matters,
                corporate documents and actions (the “Secretary’s
                Certificate”).

            

    

     

    In
      addition, we have examined originals or copies, certified or otherwise
      identified to our satisfaction, of such corporate records, agreements, documents
      and other instruments, and of certificates or comparable documents of public
      officials and of officers and representatives of the Company, and have made
      such
      inquiries of such officers and representatives as we have deemed relevant and
      necessary as the basis for the opinions hereinafter set forth. We have not
      searched any computer databases or the dockets of any court, governmental or
      administrative body, agency or other filing office in any jurisdiction or
      conducted any other independent investigation. As to all questions of fact
      material to the opinions set forth herein, we have relied solely upon the
      Secretary’s Certificate and upon the representations and warranties of the
      Company contained in the Transaction Documents. While we have not conducted
      any
      independent investigation to determine facts upon which our opinions are based
      or to obtain information about which this letter advises you, we confirm that
      we
      do not have any knowledge which has caused us to conclude that our reliance
      and
      assumptions cited in this paragraph are unwarranted. The term “knowledge,”
      whenever it is used in this letter with respect to our firm, means the current,
      actual knowledge of the Proctor Heyman LLP attorneys who have represented the
      Company in connection with the transactions contemplated by the Transaction
      Documents.

     

    In
      such
      examination, we have assumed, with your permission and without independent
      investigation, (i) the genuineness of all signatures; (ii) the legal
      capacity of each individual signatory to the Transaction Documents and the
      Governing Documents; (iii) the authenticity of all documents submitted to
      us as originals; (iv) the conformity to originals of all documents
      submitted to us as certified, facsimile or photostatic copies; (v) the
      authenticity of the originals of such copies; (vi) the due incorporation
      and organization, valid existence and good standing of PBT and the Company
      under
      the laws of the State of Delaware; (vii) the due execution and delivery of
      the Transaction Documents by PBT and the Company; (viii) the corporate
      power and authority of PBT to conduct its business and own its properties and
      to
      enter into the Transaction Documents and perform its obligations thereunder;
      (ix) that each of the Transaction Documents has been duly authorized by all
      necessary corporate action of PBT and is the legal, valid and binding obligation
      of PBT, enforceable against PBT in accordance with its terms; (x) that each
      of the Company and PBT has obtained all necessary governmental permits and
      approvals for conducting its operations; and (xi) the identity and capacity
      of all individuals acting or purporting to act as public officials.

     

    Based
      solely upon the examination described above, and subject to the comments,
      assumptions, qualifications, limitations and exceptions stated herein and in
      the
      Disclosure Schedule to the Agreement, and in reliance thereon, we are of the
      opinion that:

     

    The
      Investment Option Agreement has been duly and validly authorized by the Company
      and, assuming the respective prior filing and effectiveness of the Certificate
      of Designation and the Proposed Restated Certificate in the form presented
      to us
      for review, will constitute a valid and binding agreement of the Company
      enforceable against the Company in accordance with its terms, except as
      enforcement may be limited by applicable bankruptcy, insolvency, reorganization,
      arrangement, moratorium or other similar laws affecting creditors’ rights
      generally, and subject to general equity principles and to limitations on
      availability of equitable relief, including specific performance.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    With
      respect to the opinions set forth above, we assume that the Option identified
      in
      the Investment Option Agreement will be exercised in a commercially reasonable
      manner. We have assumed further that, for purposes of any exercise of that
      Option, the Company will reserve a sufficient number of authorized but unissued
      shares of Common Stock of the Company, and that in no event will the Exercise
      Price (as defined in the Investment Option Agreement) be lower than the par
      value of the Company’s Common Stock. 

     

    We
      are
      members of the bar of the State of Delaware, and we express no opinion on the
      laws of any other jurisdiction or on any Delaware law other than the DGCL.
      We
      also express no opinion as to (i) any governmental rule or other legal
      requirement relating to labor, employee rights and benefits, including without
      limitation the Employee Retirement Income Security Act of 1974, as amended,
      and
      taxation, (ii) any choice-of-law or conflict of laws matters,
      (iii) any patent, trademark or copyright statute, rules or regulations,
      (iv) any provision appointing one party as an attorney-in-fact of an
      adverse party, (v) the effect of any state or federal antitrust laws,
      including, without limitation, the Hart-Scott-Rodino Antitrust Improvements
      Act
      of 1976, as currently in effect, (vi) any state or federal securities laws,
      rules or regulations, or (vii) the Company’s rights in or title to any
      property or assets.

     

    The
      opinions expressed herein are solely for your benefit in connection with the
      above transactions and may not be relied upon in any manner or for any purpose
      by any other person. This opinion speaks only as of the date hereof, and we
      assume no obligation to advise you of any changes to this opinion that may
      come
      to our attention after the date hereof. This opinion is limited to the matters
      expressly stated herein and no opinion or other statement may be inferred or
      implied beyond the matters expressly stated herein.

    

     

    
      	 	
              Very
                truly yours

            

    

    

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    EXHIBIT
      G

    (Form
      of Certificate of Designation)

    

     

    WINWIN
      GAMING, INC.

     

    CERTIFICATE
      OF DESIGNATION OF POWERS,

    DESIGNATIONS,
      PREFERENCES AND RELATIVE PARTICIPATING,

    OPTIONAL
      OR OTHER SPECIAL RIGHTS AND QUALIFICATIONS,

    LIMITATIONS
      AND RESTRICTIONS OF THE

    SERIES
      A-1
      PREFERRED STOCK

    _____________________________

     

    Pursuant
      to Section 151 of the General 

    Corporation
      Law of the State of Delaware

    _____________________________

     

    WINWIN
      GAMING, INC., a Delaware corporation (the “Corporation”),
      certifies as follows:

     

    FIRST: Under
      the
      authority contained in Article FOURTH, Section (b) of the Certificate of
      Incorporation of the Corporation (the “Certificate
      of Incorporation”),
      the
      Board of Directors of the Corporation has classified 6,000,000 of the 10,000,000
      authorized but unissued shares of Preferred Stock of the Corporation, par value
      $0.01 per share (“Preferred
      Stock”),
      as
      shares of “Series A-1
      Preferred Stock.”

     

    SECOND: The
      following resolution was duly adopted by the Board of Directors of the
      Corporation on August 31, 2006, and such resolution has not been modified and
      is
      in full force and effect on the date hereof:

     

    RESOLVED,
      that
      the Board of Directors hereby creates, from the authorized but unissued shares
      of Preferred Stock of the Corporation, a series of Preferred Stock consisting
      of
      SIX MILLION (6,000,000) shares
      and having the voting powers, designations, preferences and relative,
      participating, optional or other rights of the Preferred Stock and the
      qualifications, limitations and restrictions thereof that are set forth in
      Article FOURTH of the Certificate of Incorporation and this resolution as
      follows:

     

    1. Designation.

     

    The
      distinctive designation of such series is “Series A-1 Preferred Stock”
(hereinafter referred to as the “Series
      A-1 Preferred Stock”).

     

    2. Rank.

     

    The
      Series A-1 Preferred Stock shall, with respect to dividend rights and rights
      on
      liquidation, winding up and dissolution, rank (a) prior to any other series
      of
      Preferred Stock hereafter established by the Board of Directors, and (b) prior
      to the Common Stock, par value $0.01 per share, of the Corporation (the
“Common
      Stock”).

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    3. Dividends.

     

    The
      holders of the Series A-1 Preferred Stock shall be entitled to receive, out
      of
      any funds legally available therefor, noncumulative dividends, payable at a
      rate
      per annum equal to 8% of the Series A-1 Original Issue Price (as defined below),
      when and if declared by the Corporation’s Board of Directors. No dividends on
      the Common Stock shall be paid unless, in addition to the amount set forth
      in
      the previous sentence, the amount of such dividend on the Common Stock is also
      paid on the Series A-1 Preferred Stock on an as-converted to Common Stock
      basis.

     

    4. Liquidation
      Preference.

     

    Upon
      a
      Liquidation Event (as defined below), the holders of shares of Series A-1
      Preferred Stock are entitled to receive out of assets of the Corporation
      available for distribution to stockholders, before any distribution of assets
      is
      made to holders of Common Stock, liquidating distributions in the amount of
      $79.10 per share (as equitably adjusted for any stock dividends, combinations,
      splits, recapitalizations or similar events with respect to such shares) (the
      “Series
      A-1 Original Issue Price”),
      plus
      (a) an additional amount equal to eight percent (8%) of the Series A-1 Original
      Issue Price per year, calculated based on the number of days elapsed prior
      to
      the Liquidation Event and (b) any declared, but unpaid dividends (the amount
      payable to a holder of Series A-1 Preferred Stock upon a Liquidation Event
      as
      aforesaid being referred to herein as the “Liquidation
      Preference”).
      

     

    If
      upon a
      Liquidation Event, the Liquidation Preference and any amounts payable upon
      a
      Liquidation Event to other shares of stock of the Corporation ranking as to
      any
      such distribution on a parity with the Series A-1 Preferred Stock are not paid
      in full, the holders of the Series A-1 Preferred Stock and of such other shares
      will share ratably in any such distribution of assets of the Corporation in
      proportion to the full respective preferential amounts to which they are
      entitled. 

     

    For
      purposes of these resolutions, a “Liquidation
      Event”
is
      any
      liquidation, dissolution or winding up of the Corporation, either voluntary
      or
      involuntary, and unless otherwise determined by the election of the holders
      of a
      majority of the then outstanding Series A-1 Preferred Stock, shall be deemed
      to
      be occasioned by, or to include, (a) the acquisition of the Corporation by
      another entity by means of any transaction or series of related transactions
      (including, without limitation, any reorganization, merger, consolidation,
      or
      other transaction in which control of the Corporation is transferred, but,
      excluding any merger effected exclusively for the purpose of changing the
      domicile of the Corporation) unless the Corporation’s capital stock of record as
      constituted immediately prior to such acquisition will, immediately after such
      acquisition represent at least 50% of the voting power of the surviving or
      acquiring entity or (b) a sale, lease, transfer or other disposition, in a
      single transaction or series of related transactions of all or substantially
      all
      of the assets and/or the intellectual property of the Corporation and its
      subsidiaries, taken as a whole.

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    5. Voting
      Rights.

     

    
      	 	
              5.1.

            	
              General.
                Except as may be otherwise provided herein or by law,
                the Series A-1 Preferred Stock shall vote together with all other
                classes
                and series of stock of the Corporation as a single class on all actions
                to
                be taken by the stockholders of the Corporation. Each share of Series
                A-1
                Preferred Stock shall entitle the holder thereof to such number of
                votes
                per share on each such action as shall equal the number of shares
                of
                Common Stock (including fractions of a share) into which each share
                of
                Series A-1 Preferred Stock is then
                convertible.

            

    

     

    
      	 	
              5.2.

            	
              Board
                of Directors.
                The holders of the Series A-1 Preferred Stock, voting as a separate
                series, shall be entitled to elect two directors of the Corporation
                (the
                “Series
                A-1 Directors”).
                A vacancy in any directorship elected by the holders of the Series
                A-1
                Preferred Stock shall be filled only by vote or written consent of
                the
                holders of the Series A-1 Preferred Stock. Any Series A-1 Director
                may be
                removed without cause by, and only by, the affirmative vote of the
                holders
                of a majority of the Series A-1 Preferred Stock, given either at
                a special
                meeting of such stockholders duly called for that purpose or pursuant
                to a
                written consent of stockholders. At any meeting held for the purpose
                of
                electing a Series A-1 Director, the presence in person or by proxy
                of the
                holders of a majority of the outstanding shares of Series A-1 Preferred
                Stock shall constitute a quorum for the purpose of electing such
                Series
                A-1 Director. 

            

    

     

    
      	 	
              5.3.

            	
              Protective
                Provisions.
                So long as at least 85% of the shares of Series A-1 Preferred Stock
                first
                issued to the original holders thereof remain outstanding (as adjusted
                for
                stock splits, distributions, combinations and similar events), except
                where the vote or written consent of the holders of a greater number
                of
                shares of the Corporation is required by law or the Certificate of
                Incorporation of the Corporation, and in addition to any other vote
                required by law or the Certificate of Incorporation of the Corporation,
                without the approval of the holders of a majority of the then outstanding
                Series A-1 Preferred Stock, given in writing or by vote at a meeting,
                the
                Corporation will not, either directly or by amendment, merger,
                consolidation or otherwise, except pursuant to the Certificate of
                Incorporation:

            

    

     

    
      	 	
              (a)

            	
              Alter
                or change the rights, preferences or privileges of the Series A-1
                Preferred Stock;

            

    

     

    
      	 	
              (b)

            	
              Create
                (by reclassification or otherwise) any new class or series of shares
                having rights, preferences or privileges senior to or on a parity
                with the
                Series A-1 Preferred Stock with respect to redemption, voting, dividends
                or distribution of assets upon a Liquidation
                Event;

            

    

     

    
      	 	
              (c)

            	
              Create
                (by reclassification or otherwise) any new class or series of shares
                unless such shares are subject to purchase by Solidus Networks, Inc.
                and
                repurchase by the Corporation pursuant to purchase and redemption
                options
                satisfactory to the holders of a majority of the outstanding shares
                of
                Series A-1 Preferred Stock;

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
      	 	
              (d)

            	
              Repurchase
                or redeem any shares of Common Stock (other than the repurchase of
                unvested shares at cost upon the termination of employment or the
                provision of services pursuant to equity incentive agreements with
                employees or service providers giving the Corporation the right to
                repurchase such shares);

            

    

     

    
      	 	
              (e)

            	
              Effect,
                or consent to, a merger, other corporate reorganization, sale of
                controlling interest by the Corporation or any of its material
                subsidiaries, or any transaction in which all or substantially all
                of the
                assets of the Corporation or any of its material subsidiaries are
                sold;

            

    

     

    
      	 	
              (f)

            	
              Effect,
                or consent to, a voluntary dissolution or liquidation of the Corporation
                or any of its material subsidiaries;

            

    

     

    
      	 	
              (g)

            	
              Amend
                or waive any provision of the Corporation’s Certificate of Incorporation
                or Bylaws (i) relative to the Series A-1 Preferred Stock or (ii)
                to
                increase the authorized number of shares of Common
                Stock;

            

    

     

    
      	 	
              (h)

            	
              Pay
                or declare any dividend or make any other distribution on any shares
                of
                Common Stock or Preferred Stock; or

            

    

     

    
      	 	
              (i)

            	
              Authorize
                or issue any additional shares of Series A-1 Preferred Stock or any
                equity
                securities convertible, directly or indirectly, into additional shares
                of
                Series A-1 Preferred Stock.

            

    

     

    6. Conversion
      Rights.

     

    Subject
      to the provisions of Section 8 below, the holders of the Series A-1 Preferred
      Stock shall have conversion rights as follows (the “Conversion
      Rights”):

     

    
      	 	
              6.1.

            	
              Right
                to Convert.
                Each share of Series A-1 Preferred Stock shall be convertible, at
                the
                option of the holder thereof, at any time after the date of issuance
                at
                the office of the Corporation or any transfer agent for such stock,
                into
                such number of fully paid and nonassessable shares of Common Stock
                as is
                determined by dividing the Series A-1 Original Issue Price by the
                Series
                A-1 Conversion Price applicable to such share, determined as hereafter
                provided, in effect on the date the certificate is surrendered for
                conversion. The initial conversion price per share for shares of
                Series
                A-1 Preferred Stock (“Series
                A-1 Conversion Price”
)
                shall be $0.791; provided, however, that the Series A-1 Conversion
                Price
                shall be subject to adjustment as set forth in this Section
                6.

            

    

     

    
      	 	
              6.2.

            	
              Automatic
                Conversion.
                Each share of Series A-1 Preferred Stock shall automatically be converted
                into shares of Common Stock at the Series A-1 Conversion Price at
                the time
                in effect for such stock immediately upon the date specified by written
                consent or agreement of the holders of a majority of the then outstanding
                shares of the Series A-1 Preferred Stock, voting as a separate
                class.

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
      	 	
              6.3.

            	
              Mechanics
                of Conversion.
                Before any holder of Series A-1 Preferred Stock shall be entitled
                to
                convert the same into shares of Common Stock, the holder shall surrender
                the certificate or certificates therefor, duly endorsed, at the office
                of
                the Corporation or of any transfer agent for such Series A-1 Preferred
                Stock, and shall give written notice to the Corporation at its principal
                corporate office, of the election to convert the same and shall state
                therein the name or names in which the certificate or certificates
                for
                shares of Common Stock are to be issued. The Corporation shall, as
                soon as
                practicable thereafter, issue and deliver at such office to such
                holder of
                Series A-1 Preferred Stock, or to the nominee or nominees of such
                holder,
                a certificate or certificates for the number of shares of Common
                Stock to
                which such holder shall be entitled as aforesaid. Such conversion
                shall be
                deemed to have been made immediately prior to the close of business
                on the
                date of such surrender of the shares of Series A-1 Preferred Stock
                to be
                converted, and the person or persons entitled to receive the shares
                of
                Common Stock issuable upon such conversion shall be treated for all
                purposes as the record holder or holders of such shares of Common
                Stock as
                of such date.

            

    

     

    
      	 	
              6.4.

            	
              Fractional
                Shares.
                In lieu of any fractional shares to which the holder of Series A-1
                Preferred Stock would otherwise be entitled, the Corporation shall
                pay
                cash equal to such fraction multiplied by the Series A-1 Conversion
                Price
                as then in effect. Whether or not fractional shares would be issuable
                upon
                such conversion shall be determined on the basis of the total number
                of
                shares of Series A-1 Preferred Stock of each holder at the time converting
                into Common Stock and the number of shares of Common Stock issuable
                upon
                such aggregate conversion. 

            

    

     

    
      	 	
              6.5.

            	
              Adjustment
                of Conversion Price.
                The Series A-1 Conversion Price shall be subject to adjustment from
                time
                to time as follows:

            

    

     

    
      	 	
              (a)

            	
              Special
                Definitions.
                For purposes of this Section 6, the following definitions shall
                apply:

            

    

     

    
      	 	
              (i)

            	
              “Options”
                shall mean rights, options or warrants to subscribe for, purchase
                or
                otherwise acquire either Common Stock or Convertible
                Securities.

            

    

     

    
      	 	
              (ii)

            	
              “Original
                Issue Date”
                shall mean the date on which the first share of Series A-1 Preferred
                Stock
                was first issued.

            

    

     

    
      	 	
              (iii)

            	
              “Convertible
                Securities”
                shall mean any evidences of indebtedness, shares or other securities
                convertible into or exercisable or exchangeable, directly or indirectly,
                for Common Stock.

            

    

     

    
      	 	
              (iv)

            	
              “Additional
                Shares of Common Stock”
                shall mean all shares of Common Stock issued (or, pursuant to Section
                6.6,
                deemed to be issued) by the Corporation after the Original Issue
                Date,
                other than shares of Common Stock issued or
                issuable:

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
      	
            	(A)	
              upon
                conversion of shares of Preferred
                Stock;

            

    

     

    
      	 	
              (B)

            	
              to
                officers, directors, employees and consultants of the Corporation
                pursuant
                to stock incentive plans, or other stock arrangements that have been
                approved by the Board of Directors of the Corporation including the
                Series
                A-1 Directors;

            

    

     

    
      	 	
              (C)

            	
              pursuant
                to any event for which adjustment has already been made pursuant
                to
                Section 6.7;

            

    

     

    
      	 	
              (D)

            	
              as
                a dividend or distribution on the Corporation’s Common Stock or Preferred
                Stock, where an adjustment is made pursuant to Sections 6.9, 6.10
                or
                6.11;

            

    

     

    
      	 	
              (E)

            	
              upon
                the written consent of the holders of a majority of the Series A-1
                Preferred Stock that expressly states that such shares shall not
                constitute Additional Shares of Common
                Stock;

            

    

     

    
      	 	
              (F)

            	
              upon
                the exercise of Options or conversion of any Convertible Securities
                outstanding as of the date hereof;

            

    

     

    
      	 	
              (G)

            	
              pursuant
                to a loan arrangement or debt financing from a bank, equipment lessor
                or
                similar financial institution approved by the Board of Directors,
                including the Series A-1 Directors;

            

    

     

    
      	 	
              (H)

            	
              in
                connection with strategic transactions (but excluding any merger,
                consolidation, acquisition or similar business combination) that
                have been
                approved by the Board of Directors of the Corporation including the
                Series
                A-1 Directors; or

            

    

     

    
      	 	
              (I)

            	
              pursuant
                to the provisions of Section 6.12
                hereof.

            

    

     

    
      	 	
              6.6.

            	
              Deemed
                Issue of Additional Shares of Common Stock.
                Except as provided in Section 6.5(a)(iv) above, in the event the
                Corporation at any time or from time to time after the Original Issue
                Date
                shall issue any Options or Convertible Securities or shall fix a
                record
                date for the determination of holders of any class of securities
                entitled
                to receive any such Options or Convertible Securities, then the maximum
                number of shares (as set forth in the instrument relating thereto
                without
                regard to any provisions contained therein for a subsequent adjustment
                of
                such number) of Common Stock issuable upon the exercise of such Options
                or, in the case of Convertible Securities and Options therefor, the
                conversion or exchange of such Convertible Securities, shall be deemed
                to
                be Additional Shares of Common Stock issued as of the time of such
                issue
                or, in case such a record date shall have been fixed, as of the close
                of
                business on such record date, provided that in any such case in which
                Additional Shares of Common Stock are deemed to be
                issued:

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    
      	 	
              (a)

            	
              no
                further adjustment in the Series A-1 Conversion Price shall be made
                upon
                the subsequent issue of Convertible Securities or shares of Common
                Stock
                upon the exercise of such Options or conversion or exchange of such
                Convertible Securities;

            

    

     

    
      	 	
              (b)

            	
              if
                such Options or Convertible Securities by their terms provide, with
                the
                passage of time or otherwise, for any increase or decrease in the
                consideration payable to the Corporation, or increase or decrease
                in the
                number of shares of Common Stock issuable, upon the exercise, conversion
                or exchange thereof, the Series A-1 Conversion Price computed upon
                the
                original issue thereof (or upon the occurrence of a record date with
                respect thereto), and any subsequent adjustments based thereon, shall,
                upon any such increase or decrease becoming effective, be recomputed
                to
                reflect such increase or decrease insofar as it affects such Options
                or
                the rights of conversion or exchange under such Convertible Securities;
                and

            

    

     

    
      	 	
              (c)

            	
              upon
                the expiration of any such Options or any rights of conversion or
                exchange
                under such Convertible Securities which shall not have been exercised,
                the
                Series A-1 Conversion Price computed upon the Original Issue Date,
                and any
                subsequent adjustments based thereon, shall, upon such expiration,
                be
                recomputed as if:

            

    

     

    
      	 	
              (i)

            	
              in
                the case of Convertible Securities or Options for Common Stock, the
                only
                Additional Shares of Common Stock issued were shares of Common Stock,
                if
                any, actually issued upon the exercise of such Options or the conversion
                or exchange of such Convertible Securities, and the consideration
                received
                therefor was the consideration actually received by the Corporation
                for
                the issue of all such Options, whether or not exercised, plus the
                consideration actually received by the Corporation upon such exercise,
                or
                for the issue of all such Convertible Securities which were actually
                converted or exchanged; and

            

    

     

    
      	 	
              (ii)

            	
              in
                the case of Options for Convertible Securities, only the Convertible
                Securities, if any, actually issued upon the exercise thereof were
                issued
                at the time of issue of such Options and the consideration received
                by the
                Corporation for the Additional Shares of Common Stock deemed to have
                been
                then issued was the consideration actually received by the Corporation
                for
                the issue of all such Options, whether or not exercised, plus the
                consideration deemed to have been received by the Corporation upon
                the
                issue of the Convertible Securities with respect to which such Options
                were actually exercised.

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    
      	 	
              6.7.

            	
              Adjustment
                of Conversion Price Upon Issuance of Additional Shares of Common
                Stock.
                In the event this Corporation shall issue Additional Shares of Common
                Stock (including Additional Shares of Common Stock deemed to be issued
                pursuant to Section 6.6) without consideration or for a consideration
                per
                share less than the Series A-1 Conversion Price applicable on and
                immediately prior to such issue, then and in such event, the Series
                A-1
                Conversion Price shall be reduced, concurrently with such issue,
                to a
                price (calculated to the nearest cent) determined by multiplying
                the
                Series A-1 Conversion Price in effect on the date of and immediately
                prior
                to such issue by a fraction, the numerator of which shall be the
                number of
                shares of Common Stock outstanding immediately prior to such issue,
                including any Common Stock issuable pursuant to any then outstanding
                options, rights or warrants for Common Stock or any class or series
                of
                stock convertible into Common Stock (including but not limited to
                Preferred Stock), plus the number of shares of Common Stock which
                the
                aggregate consideration received by the Corporation for the total
                number
                of Additional Shares of Common Stock so issued would purchase at
                the
                Series A-1 Conversion Price in effect on the date of and immediately
                prior
                to such issue; and the denominator of which shall be the number of
                shares
                of Common Stock outstanding immediately prior to such issue, including
                any
                Common Stock issuable pursuant to any then outstanding options, rights
                or
                warrants for Common Stock or any class or series of stock convertible
                into
                Common Stock (including but not limited to Preferred Stock) outstanding
                immediately prior to such issue, plus the number of such Additional
                Shares
                of Common Stock so issued.

            

    

     

    
      	 	
              6.8.

            	
              Determination
                of Consideration.
                For purposes of this Section 6, the consideration received by the
                Corporation for the issue of any Additional Shares of Common Stock
                shall
                be computed as follows:

            

    

     

    
      	 	
              (a)

            	
              Cash
                and Property.
                Such consideration shall:

            

    

    

      
        	 	
                (i)

              	
                insofar
                  as it consists of cash, be computed at the aggregate amount of
                  cash
                  received by the Corporation excluding amounts paid or payable for
                  accrued
                  interest or accrued dividends;

              

      

       

      
        	 	
                (ii)

              	
                insofar
                  as it consists of property other than cash, be computed at the
                  fair value
                  thereof at the time of such issue, as determined in good faith
                  by the
                  Board of Directors; and

              

      

       

      
        	 	
                (iii)

              	
                in
                  the event Additional Shares of Common Stock are issued together
                  with other
                  shares or securities or other assets of the Corporation for consideration
                  which covers both, be the proportion of such consideration so received,
                  computed as provided in clauses (i) and (ii) above, as determined
                  in good
                  faith by the Board of Directors.

              

      

       

    

    
      	 	
              (b)

            	
              Options
                and Convertible Securities.
                The consideration per share received by the Corporation for Additional
                Shares of Common Stock deemed to have been issued pursuant to Section
                6.6,
                relating to Options and Convertible Securities, shall be determined
                by
                dividing

            

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    
      	 	
              (i)

            	
              the
                total amount, if any, received or receivable by the Corporation as
                consideration for the issue of such Options or Convertible Securities,
                plus the minimum aggregate amount of additional consideration (as
                set
                forth in the instruments relating thereto, without regard to any
                provision
                contained therein for a subsequent adjustment of such consideration)
                payable to the Corporation upon the exercise of such Options or the
                conversion or exchange of such Convertible Securities, or in the
                case of
                Options for Convertible Securities, the exercise of such options
                for
                Convertible Securities and the conversion or exchange of such Convertible
                Securities by

            

    

     

    
      	 	
              (ii)

            	
              the
                maximum number of shares of Common Stock (as set forth in the instruments
                relating thereto, without regard to any provision contained therein
                for a
                subsequent adjustment of such number) issuable upon the exercise
                of such
                Options or the conversion or exchange of such Convertible
                Securities.

            

    

     

    
      	 	
              6.9.

            	
              Adjustments
                for Stock Dividends, Subdivisions, or Split-ups of Common
                Stock.
                If the number of shares of Common Stock outstanding at any time after
                the
                filing of this Certificate of Designation is increased by a stock
                dividend
                payable in shares of Common Stock or by a subdivision or split-up
                of
                shares of Common Stock without a corresponding increase in the number
                of
                shares of Series A-1 Preferred Stock outstanding, then, effective
                at the
                close of business upon the record date fixed for the determination
                of
                holders of Common Stock entitled to receive such stock dividend,
                subdivision or split-up, the Series A-1 Conversion Price shall be
                appropriately decreased so that the number of shares of Common Stock
                issuable on conversion of each share of Series A-1 Preferred Stock
                shall
                be increased in proportion to such increase in outstanding shares
                of
                Common Stock.

            

    

     

    
      	 	
              6.10.

            	
              Adjustments
                for Combinations of Common Stock.
                If the number of shares of Common Stock outstanding at any time after
                the
                filing of this Certificate of Designation is decreased by a combination
                of
                the outstanding shares of Common Stock without a corresponding decrease
                in
                the number of shares of Series A-1 Preferred Stock outstanding, then,
                effective at the close of business upon the record date of such
                combination, the Series A-1 Conversion Price shall be appropriately
                increased so that the number of shares of Common Stock issuable on
                conversion of each share of Series A-1 Preferred Stock shall be decreased
                in proportion to such decrease in outstanding shares of Common
                Stock.

            

    

     

    
      	 	
              6.11.

            	
              Adjustments
                for Reorganizations, Reclassifications, etc.
                If the Common Stock issuable upon conversion of the Series A-1 Preferred
                Stock shall be changed into the same or a different number of shares
                of
                any other class or classes of stock or other securities or property,
                whether by reclassification, a merger or consolidation of this Corporation
                with or into any other corporation or corporations, or a sale of
                all or
                substantially all of the assets of this Corporation (but only if
                such
                change is not in connection with an event that is deemed to be a
                Liquidation Event), or otherwise (other than a subdivision or combination
                of shares provided for in Section 6.9 or 6.10 above), the Series
                A-1
                Conversion Price then in effect shall, concurrently with the effectiveness
                of such reorganization or reclassification, be proportionately adjusted
                such that the Series A-1 Preferred Stock shall be convertible into,
                in
                lieu of the number of shares of Common Stock which the holders would
                otherwise have been entitled to receive, a number of shares of such
                other
                class or classes of stock or securities or other property equivalent
                to
                the number of shares of Common Stock that would have been subject
                to
                receipt by the holders upon conversion of the Series A-1 Preferred
                Stock
                immediately before such event; and, in any such case, appropriate
                adjustment (as determined by the Board of Directors) shall be made
                in the
                application of the provisions herein set forth with respect to the
                rights
                and interests thereafter of the holders of the Series A-1 Preferred
                Stock,
                to the end that the provisions set forth herein (including provisions
                with
                respect to changes in and other adjustments of the Series A-1 Conversion
                Price) shall thereafter be applicable, as nearly as may be reasonable,
                in
                relation to any shares of stock or other property thereafter deliverable
                upon the conversion of the Series A-1 Preferred
                Stock.

            

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    
      	 	
              6.12.

            	
              Special
                Adjustment for Issuance of Excluded Warrant Shares.
                Notwithstanding the provisions of Section 6.5(a)(iv)(F) hereof, if
                the
                Corporation issues, directly or indirectly, shares of its Common
                Stock
                (“Excluded
                Warrant Shares”)
                upon the exercise of Excluded Warrants (as defined below), then for
                each
                Excluded Warrant Share issued, the Corporation shall issue to the
                holder
                of a share of Series A-1 Preferred Stock upon conversion of such
                share, in
                addition to any other shares of Common Stock issuable hereunder as
                a
                result of such conversion, a number of shares of Common Stock equal
                to the
                number obtained by application of the following formula: (M x WS)/
                OP,
                where,

            

    

     

    M
      = the
      multiple, which is 66%,

     

    WS
      = the
      total number of Excluded Warrant Shares issued, and

     

    OP
      = the
      total number of shares of Series A-1 Preferred Stock outstanding.

     

    For
      purposes of this Section 6.12, “Excluded
      Warrants”
means
      (i) those warrants outstanding as of the filing date of this Certificate of
      Designation to purchase an aggregate of 8,691,181 shares of Common Stock (as
      equitably adjusted for any stock dividends, combinations, splits,
      recapitalizations or similar events with respect to such shares), as they may
      be
      amended or exchanged from time to time, the majority of which have an exercise
      price of at least $0.25 per share (as equitably adjusted for any stock
      dividends, combinations, splits, recapitalizations or similar events with
      respect to such shares), (ii) that certain warrant issued by the Corporation
      pursuant to that certain Securities Purchase Agreement, dated as of February
      25,
      2005, by and between the Corporation and the Van Wagoner Private Opportunities
      Fund L.P., as it may be amended or exchanged from time to time, and (iii) those
      certain warrants issued by the Corporation pursuant to that certain Secured
      Convertible Note and Warrant Purchase Agreement, dated as of April 21, 2006,
      by
      and among the Corporation and each of the purchasers signatory thereto, as
      they
      may be amended or exchanged from time to time.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    
      	 	
              6.13.

            	
              Minimal
                Adjustments.
                No adjustment in the Series A-1 Conversion Price need be made if
                such
                adjustment would result in a change in the Series A-1 Conversion
                Price of
                less than $0.01. Any adjustment of less than $0.01 which is not made
                shall
                be carried forward and shall be made at the time of and together
                with any
                subsequent adjustment which, on a cumulative basis, amounts to an
                adjustment of $0.01 or more in the Series A-1 Conversion Price, or
                upon
                conversion, whichever first occurs.

            

    

     

    
      	 	
              6.14.

            	
              No
                Impairment.
                The Corporation will not through any reorganization, recapitalization,
                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 the Corporation pursuant to this Section 6, but will at all times
                in
                good faith assist in the carrying out of all the provisions of this
                Section 6 and in the taking of all such action as may be necessary
                or
                appropriate in order to protect the conversion rights of the holders
                of
                Series A-1 Preferred Stock against impairment. This provision shall
                not
                restrict the Corporation’s right to amend this Certificate of Designation
                with the requisite stockholder consent or
                approval.

            

    

     

    
      	 	
              6.15.

            	
              Notices
                of Record Date.
                In the event that the Corporation shall propose at any
                time:

            

    

     

    
      	 	
              (a)

            	
              to
                declare any dividend or distribution upon its Common Stock, whether
                in
                cash, property, stock or other securities, whether or not a regular
                cash
                dividend and whether or not out of earnings or earned surplus;

            

    

     

    
      	 	
              (b)

            	
              to
                offer for subscription pro rata to the holders of any class or series
                of
                its stock any additional shares of stock of any class or series or
                other
                rights;

            

    

     

    
      	 	
              (c)

            	
              to
                effect any reclassification or recapitalization of its Common Stock
                outstanding involving a change in the Common Stock;
                or

            

    

     

    
      	 	
              (d)

            	
              to
                merge or consolidate with or into any other corporation, or sell
                all or
                substantially all its property or business, or to liquidate, dissolve
                or
                wind up;

            

    

     

    then,
      in
      connection with each such event, the Corporation shall send to the holders
      of
      the Series A-1 Preferred Stock:

     

    
      	 	
              (i)

            	
              at
                least 20 days’ prior written notice of the date on which a record shall be
                taken for such dividend, distribution or subscription rights (and
                specifying the date on which the holders of Common Stock shall be
                entitled
                thereto and the amount and character of such dividend, distribution
                or
                right) or for determining rights to vote in respect of the matters
                referred to in clause (c) or (d) above;
                and

            

    

     

    
      	 	
              (ii)

            	
              in
                the case of the matters referred to in clauses (c) or (d) above,
                at least
                20 days’ prior written notice of the date when the same shall take place
                (and specifying the date on which the holders of Common Stock shall
                be
                entitled to exchange their Common Stock for securities or other property
                deliverable upon the occurrence of such event or the record date
                for the
                determination of such holders if such record date is
                earlier).

            

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    Each
      such
      written notice shall be delivered personally or given by first class mail,
      postage prepaid, addressed to each holder of Series A-1 Preferred Stock at
      the
      address for each such holder as shown on the books of the
      Corporation.

     

    
      	 	
              6.16.

            	
              Reservation
                of Stock Issuable Upon Conversion.
                The Corporation shall at all times reserve and keep available out
                of its
                authorized but unissued shares of Common Stock solely for the purpose
                of
                effecting the conversion of the shares of Series A-1 Preferred
                Stock such number of shares of its Common Stock as shall from time
                to time
                be sufficient to effect the conversion of all authorized shares of
                Series
                A-1 Preferred Stock, whether or not such shares are then outstanding;
                and
                if at any time the number of authorized but unissued shares of Common
                Stock shall not be sufficient to effect the conversion of all the
                authorized shares of Series A-1 Preferred Stock, the Corporation
                will take
                such corporate action as may, in the opinion of its counsel, whether
                or
                not such shares are then outstanding, be necessary to increase its
                authorized but unissued shares of Common Stock to such number of
                shares as
                shall be sufficient for such purpose. Notwithstanding the foregoing,
                from
                the date of the initial issuance of shares of Series A-1 Preferred
                Stock
                until the date of a subsequent issuance of shares of Series A-1 Preferred
                Stock, if any, the Corporation shall only be required to reserve
                twenty
                million (20,000,000) shares of its authorized but unissued Common
                Stock
                for the purpose of effecting the conversion of shares of Series A-1
                Preferred Stock.

            

    

     

    
      	 	
              6.17.

            	
              Status
                of Converted or Contributed Shares.
                In case any shares of Series A-1 Preferred Stock are converted into
                Common
                Stock pursuant to Section 6 hereof or contributed back to the Corporation
                (through repurchase or otherwise) after the date such shares of Series
                A-1
                Preferred Stock were first issued, all such shares so converted or
                contributed shall, upon such conversion or contribution, be cancelled
                and
                shall not be issuable by the Corporation. The Corporation may from
                time to
                time take such appropriate corporate action as may be necessary to
                reduce
                accordingly the number of authorized shares of the Company’s Series A-1
                Preferred Stock.

            

    

     

    
      	 	
              6.18.

            	
              No
                Redemption by Corporation.
                The Series A-1 Preferred Stock is not subject to redemption by the
                Corporation. 

            

    

     

    
      	
            	6.19.	
              Limitation
                on Ability to Convert.
                No shares of Series A-1
                Preferred Stock may be converted hereunder into Common Stock unless
                and
                until the Corporation has available sufficient authorized but unissued
                shares of Common Stock for the purpose of effecting such a conversion.
                 

            

    

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    7. Excluded
      Opportunities.

     

    The
      Corporation renounces any interest or expectancy of the Corporation in, or
      in
      being offered an opportunity to participate in, any Excluded Opportunity. An
      “Excluded
      Opportunity”
is
      any
      matter, transaction or interest that is presented to, or acquired, created
      or
      developed by, or which otherwise comes into the possession of, (a) any Series
      A-1 Director who is not an employee of the Corporation or any of its
      subsidiaries, or (b) any holder of Series A-1 Preferred Stock or any partner,
      member, director, stockholder, employee or agent of any such holder, other
      than
      someone who is an employee of the Corporation or any of its subsidiaries
      (collectively, “Covered
      Persons”),
      unless such matter, transaction or interest is presented to, or acquired,
      created or developed by, or otherwise comes into the possession of, a Covered
      Person expressly and solely in such Covered Person’s capacity as a director of
      the Corporation.

     

    8. Automatic
      Conversion upon Filing of Restated Charter.

     

    
      	 	
              8.1.

            	
              Rate
                of Conversion to Series A Preferred Stock.
                Notwithstanding the provisions of Section 6 above, on the Restated
                Charter
                Effective Date (as hereinafter defined), each outstanding share of
                Series
                A-1 Preferred Stock shall be automatically converted into a number
                of
                shares of Series A Preferred Stock (as hereinafter defined) equal
                to
                one-tenth of the number of shares of Common Stock into which such
                share of
                Series A-1 Preferred Stock could then be converted pursuant to Section
                6.1
                above. As used herein, the term “Restated
                Charter Effective Date”
                means the date on which an Amended and Restated Certificate of
                Incorporation of the Corporation (the “Restated
                Charter”)
                is filed and becomes effective that increases the authorized capital
                stock
                of the Corporation to Seven Hundred Fifty Million (750,000,000) shares
                of
                Common Stock and Sixty Million (60,000,000) shares of Preferred Stock,
                of
                which all shares are designated “Series A Preferred Stock” having
                substantially identical rights to the Series A-1 Preferred Stock
                created
                hereby, subject to the exception set forth in the next sentence of
                this
                Section 8.1 (the “Series
                A Preferred Stock”).
                For purposes of the Series A Preferred Stock to be created pursuant
                to the
                Restated Charter, references herein to the Series A-1 Original Issue
                Price
                shall mean $7.91
                per share (as equitably adjusted for any stock dividends, combinations,
                splits, recapitalizations or similar events with respect to such
                shares),
                and references herein to the Series
                A-1 Conversion Price shall mean the Series A-1 Conversion Price reflecting
                any adjustments thereto through the Restated Charter Effective
                Date. 

            

    

     

    
      	 	
              8.2.

            	
              Mechanics
                of Conversion.
                On the Restated Charter Effective Date, all certificates theretofore
                representing shares of Series A-1 Preferred Stock shall be deemed
                to
                represent the number of shares of Series A Preferred Stock provided
                in
                Section 8.1 above. On or after the Restated Charter Effective Date,
                each
                holder or holders of such certificates shall deliver such certificates,
                duly endorsed, to the office of the Corporation for reissuance in
                accordance with the provisions of this Section 8. The Corporation
                shall,
                as soon as practicable thereafter, issue and deliver at such office
                to
                such holder, a certificate or certificates for the number of shares
                of
                Series A Preferred Stock to which such holder shall then be entitled
                as
                aforesaid. Such conversion shall be deemed to have occurred effective
                as
                of the Restated Charter Effective
                Date.

            

    

     

     

    [Signature
      Page Follows]

    

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Corporation has caused this Certificate of Designation
      to
      be signed in its name and on its behalf this ____ day of August, 2006 by an
      officer of the Corporation who acknowledges that this Certificate of Designation
      is the act of the Corporation and that to the best of his or her knowledge,
      information and belief and under penalties for perjury, all matters and facts
      contained in this Certificate of Designation are true in all material
      respects.

    

    

    
      	 	
              /s/Patrick
                O. Rogers

            
	 	
              Name:
                Patrick O. Rogers

            
	 	
              Title:
                President and CEO

            

    

    

    

    
      
        
        

      

      
        14Unassociated Document

    Exhibit
      10.2

     

    

      REGISTRATION
        RIGHTS AGREEMENT

       

      THIS
        REGISTRATION RIGHTS AGREEMENT is made as of August 31, 2006, by and between
        WINWIN GAMING, INC., a Delaware corporation (together with any successor
        thereto, the “Company”),
        and
        SOLIDUS NETWORKS, INC., dba PayByTouch Solutions, a Delaware corporation
        (“PBT”).

       

      BACKGROUND

       

      The
        Company and PBT have entered into a Second Amended and Restated Joint Venture
        Agreement, dated as of August 31, 2006 (as amended, restated, supplement
        or
        otherwise modified from time to time, the “JV
        Agreement”),
        pursuant to which, among other things, PBT has agreed to purchase shares
        of the
        Company’s Series A-1 Preferred Stock, US$0.01 par value per share (the
“Series
        A-1 Preferred Stock”),
        and
        shares of the Company’s Series A Preferred Stock, US$0.01 par value per share
        (the “Series
        A Preferred Stock”).

       

      The
        Company and PBT desire to provide for certain arrangements with respect to
        the
        registration of shares of capital stock of the Company under the Securities
        Act
        (as defined herein). 

       

      The
        execution and delivery of this Agreement is a condition precedent to the
        transaction contemplated by the JV Agreement.

       

      AGREEMENT

       

      NOW,
        THEREFORE,
        in
        consideration of the mutual covenants and agreements set forth in this
        Agreement, and for other good and valuable consideration, the receipt and
        sufficiency of which are hereby acknowledged, the parties hereto agree as
        follows:

       

      1.  Certain
        Definitions.
        Capitalized terms used in this Agreement and not otherwise defined shall
        have
        the following respective meanings:

       

      “Agreement”
shall
        mean this Registration Rights Agreement, as amended, restated, supplemented
        or
        otherwise modified from time to time.

       

      “Commission”
shall
        mean the United States Securities and Exchange Commission or any other federal
        agency at the time administering the Securities Act and the Exchange
        Act.

       

      “Common
        Stock”
shall
        mean the Company’s Common Stock, US$0.01 par value per share, and any other
        common equity securities now or hereafter issued by the Company, and any
        other
        shares of stock issued or issuable with respect thereto (whether by way of
        a
        stock dividend or stock split or in exchange for or in replacement of or
        upon
        conversion of such shares or otherwise in connection with a combination of
        shares, recapitalization, merger, consolidation or other corporate
        reorganization).

       

      “Exchange
        Act”
shall
        mean the Securities Exchange Act of 1934, as amended, or any similar successor
        federal statute, and the rules and regulations of the Commission thereunder,
        all
        as the same shall be in effect at the time.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      “New
        Securities”
shall
        mean equity securities of the Company, whether now authorized or not, or
        rights,
        options, or warrants to purchase said equity securities, or securities of
        any
        type whatsoever that are, or may become, convertible into or exchangeable
        into
        or exercisable for said equity securities.

       

      “Person”
shall
        mean any individual, sole proprietorship, partnership, joint venture, trust,
        unincorporated organization, association, corporation, limited liability
        company, institution, public benefit corporation, other entity or government
        (whether federal, state, county, city, municipal, local, foreign, or otherwise,
        including any instrumentality, division, agency, body or department
        thereof).

       

      “Preferred
        Stock”
shall
        mean the Series A-1 Preferred Stock and the Series A Preferred
        Stock.

       

      “Registrable
        Securities”
shall
        mean (a)
        the
        shares of Common Stock issued or issuable upon conversion of any Preferred
        Stock, (b) any other shares of Common Stock issued or issuable pursuant to
        the
        JV Agreement or any option granted pursuant thereto, and (c) any additional
        shares of Common Stock issued or distributed by way of a dividend, stock
        split
        or other distribution in respect of any share of Preferred Stock or any share
        of
        Common Stock into which any share of Preferred Stock was converted, or acquired
        by way of any rights offering or similar offering made in respect thereof;
        provided,
        however,
        that
        notwithstanding anything to the contrary contained herein, “Registrable
        Securities” shall not at any time include any securities (i) registered and sold
        pursuant to the Securities Act, or (ii) sold pursuant to Rule 144 promulgated
        under the Securities Act.

       

      “Securities
        Act”
shall
        mean the Securities Act of 1933, as amended, or any similar successor federal
        statute, and the rules and regulations of the Commission thereunder, all
        as the
        same shall be in effect at the time.

       

      2.  Registrations.

       

      (a)  Demand
        Registration.
        

       

      (i)  If
        the
        Company shall be requested in writing by holders (the “Holders”)
        of a
        majority of the Registrable Securities to file a registration statement for
        Registrable Securities having an aggregate offering price to the public of
        not
        less than US$15,000,000 under the Securities Act (a “Demand
        Notice”)
        in
        accordance with this Section 2(a),
        then
        the Company shall use best efforts to effect such a registration statement.
        Upon
        receipt of a Demand Notice, the Company shall, within 10 days, give written
        notice of such proposed registration to all Holders and shall offer to include
        in such proposed registration any Registrable Securities requested to be
        included in such proposed registration by such Holders who respond in writing
        to
        the Company’s notice within 30 days after delivery of such notice (which
        response shall specify the number of Registrable Securities proposed to be
        included in such registration). The Company shall promptly use best efforts
        to
        effect such registration as soon as practicable on an appropriate form,
        including Form S-2 or S-3, if available, under the Securities Act of the
        Registrable Securities which the Company has been so requested to register;
        provided,
        however,
        that
        the Company shall not be obligated to effect any registration under the
        Securities Act in the following circumstances:

      

         

         

        
          
            
            

          

          
            2

            
              

            

          

          
            
            

          

        

      

       

      (A)  after
        the
        Company has already filed two registration statements initiated by the Holders
        of Registrable Securities pursuant to this Section 2(a);
        or

       

      (B)  during
        any period in which any other registration statement (other than on
        Form S-4 or Form S-8 promulgated under the Securities Act or any
        successor forms thereto) pursuant to which Registrable Securities are to
        be or
        were sold has been filed and not withdrawn or has been declared effective
        within
        the prior 90 days.

       

      (ii)  If
        the
        Holders requesting to be included in a registration pursuant to this
Section 2(a)
        so
        elect, the offering of such Registrable Securities pursuant to such registration
        shall be in the form of an underwritten offering. The Holders of a majority
        of
        the Registrable Securities requested to be included in such registration
        shall
        select one or more nationally recognized firms of investment bankers reasonably
        acceptable to the Company to act as the lead managing underwriter or
        underwriters in connection with such offering and shall select any additional
        investment bankers and managers to be used in connection with the offering,
        which shall also be reasonably acceptable to the Company. 

       

      (iii)  With
        respect to any registration pursuant to this Section 2(a),
        the
        Company may include in such registration any Common Stock; provided,
        however,
        that if
        the managing underwriter advises the Company that the inclusion of all
        Registrable Securities and Common Stock requested to be included by the Company
        in such registration would interfere with the successful marketing (including
        pricing) of all such securities, then the number of Registrable Securities
        and
        Common Stock proposed to be included in such registration shall be included
        in
        the following order: 

       

      (A)  first,
        the
        Registrable Securities shall be included, pro rata among the participating
        Holders based upon the number of Registrable Securities held by such Holders
        at
        the time of such registration; and

       

      (B)  second,
        Common
        Stock requested to be included by the Company.

       

      (iv)  At
        any
        time before the registration statement covering Registrable Securities becomes
        effective, Holders of a majority of the Registrable Securities requested
        to be
        included in such registration may request the Company to withdraw or not
        to file
        the registration statement. In that event, if such request of withdrawal
        shall
        have been caused by, or made in response to, a material adverse effect or
        change
        in the Company’s financial condition, operations, business or prospects, such
        Holders of Registrable Securities shall not be deemed to have used one of
        their
        demand registration rights under this Section 2(a).
        

       

      

         

         

        
          
            
            

          

          
            3

            
              

            

          

          
            
            

          

        

      

       

      (b)  Registrations
        on Form S-3.
        Notwithstanding anything contained in Section 2
        to the
        contrary, at such time as the Company shall have qualified for the use of
        Form S-3 promulgated under the Securities Act or any successor form
        thereto, Holders of Registrable Securities shall have the right to request
        in
        writing up to two registrations on Form S-3 or any such successor forms of
        Registrable Securities, which request or requests shall (i) specify the number
        of Registrable Securities intended to be sold or disposed of and the Holders
        thereof, (ii) state the intended method of disposition of such Registrable
        Securities, and (iii) relate to Registrable Securities having an anticipated
        aggregate offering price of at least US$5,000,000. A requested registration
        on
        Form S-3 or any such successor forms in compliance with this Section 2(b)
        shall
        not count as a demand registration pursuant to Section 2(a),
        but
        shall otherwise be treated as a registration initiated pursuant to and shall,
        except as otherwise expressly provided in this Section 2(b),
        be
        subject to Section 2(a).

       

      (c)  Piggyback
        Registration.
        If, at
        any time or times the Company shall seek to register any shares of its Common
        Stock under the Securities Act for sale to the public for its own account
        or on
        the account of others (except with respect to registration statements on
        Form S-4, S-8 or another form not available for registering the Registrable
        Securities for sale to the public), the Company will promptly give written
        notice thereof to all Holders. If within ten (10) business days after their
        receipt of such notice one or more Holders request in writing the inclusion
        of
        some or all of the Registrable Securities owned by them in such registration,
        the Company will use best efforts to effect the registration under the
        Securities Act of such Registrable Securities. In the case of the registration
        of shares of capital stock by the Company in connection with any underwritten
        public offering, if the principal underwriter determines that the number
        of
        Registrable Securities to be offered must be limited, the Company shall not
        be
        required to register Registrable Securities of the Holders in excess of the
        amount, if any, of shares of the capital stock which the principal underwriter
        of such underwritten offering shall reasonably and in good faith agree to
        include in such offering in addition to any amount to be registered for the
        account of the Company; provided, however, that in no event shall the
        Registrable Securities to be included by PBT or its designee be reduced to
        below
        25% of the total amount of securities included in the registration.

       

      (d)  Obligations
        Subject to Existing Obligations.
        Notwithstanding anything contained in Section 2
        to the
        contrary, the Company’s obligations under this Section 2 shall be subject to its
        obligations pursuant to Section 4(k) of the Securities Purchase Agreement
        by and
        between the Company and Van Wagoner Private Opportunities Fund, dated as
        of
        February 25, 2005 (the “Existing
        Obligations”).
        The
        Company will not increase, extend or otherwise amend any of the Existing
        Obligations without the prior written consent of the Holders of a majority
        of
        the then outstanding Registrable Securities, and will promptly notify the
        Holders of the expiration of the Existing Obligations.

       

      3.  Further
        Obligations of the Company.
        Whenever the Company is required hereunder to register any Registrable
        Securities, it agrees that it shall also do the following:

       

      (a)  Pay
        all
        expenses of such registrations and offerings in connection with any
        registrations pursuant to Section 2
        hereof;
provided,
        however, that
        the
        Company shall have no obligation to pay or otherwise bear any portion of
        the
        underwriters’ commissions or discounts attributable to the Registrable
        Securities being offered and sold by the Holders or the fees and expenses
        of any
        counsel for the selling Holders in connection with the registration of the
        Registrable Securities;

      

         

         

        
          
            
            

          

          
            4

            
              

            

          

          
            
            

          

        

      

       

      (b)  Use
        its
        best efforts to diligently prepare and file with the Commission a registration
        statement and such amendments and supplements to said registration statement
        and
        the prospectus used in connection therewith as may be necessary to keep said
        registration statement effective until the Holder or Holders have completed
        the
        distribution described in the registration statement relating thereto (but
        for
        no more than one hundred eighty (180) days or such lesser period until all
        such
        Registrable Securities are sold) and to comply with the provisions of the
        Securities Act with respect to the sale of securities covered by said
        registration statement for such period; provided,
        however,
        that
        (i) such 180-day period shall be extended for a period of time equal to the
        period the Holder refrains from selling any securities included in such
        registration at the request of an underwriter of Common Stock (or other
        securities) of the Company; and (ii) in the case of any registration of
        Registrable Securities on Form S-3 that are intended to be offered on a
        continuous or delayed basis, subject to compliance with applicable Commission
        rules, such 180-day period shall be extended for up to an additional 120
        days,
        if necessary, to keep the registration statement effective until all such
        Registrable Securities are sold;

       

      (c)  Furnish
        to each selling Holder such copies of each preliminary and final prospectus
        as
        such Holder may reasonably request to facilitate the public offering of its
        Registrable Securities;

       

      (d)  Enter
        into and perform its obligations under any reasonable underwriting agreement
        required by the proposed underwriter, if any, in such form and containing
        such
        terms as are customary;

       

      (e)  Use
        its
        best efforts to register or qualify the securities covered by said registration
        statement under the securities or “blue sky” laws of such jurisdictions as any
        selling Holder may reasonably request provided the Company shall not be required
        to qualify to do business or file a general consent to service of process
        in
        connection therewith; 

       

      (f)  Immediately
        notify each selling Holder, at any time when a prospectus relating to his,
        her
        or its Registrable Securities is required to be delivered under the Securities
        Act, of the happening of any event (other than an event relating to a Holder
        or
        a plan of distribution delivered by a Holder) as a result of which such
        prospectus contains an untrue statement of a material fact or omits any material
        fact necessary to make the statements therein not misleading, and, to the
        extent
        required by the Securities Act, at the request of any such selling Holder,
        prepare a supplement or amendment to such prospectus so that, as thereafter
        delivered to the purchasers of such Registrable Securities, such prospectus
        will
        not contain any untrue statement of a material fact or omit to state any
        material fact necessary to make the statements therein not
        misleading;

       

      (g)  Cause
        upon or immediately after the effectiveness of a registration all such
        Registrable Securities to be listed on each securities exchange or quotation
        system on which the Common Stock of the Company are then listed or quoted;
        

      

         

         

        
          
            
            

          

          
            5

            
              

            

          

          
            
            

          

        

      

       

      (h)  Make
        available to each selling Holder, any underwriter participating in any
        disposition pursuant to a registration statement, and any attorney, accountant
        or other agent or representative retained by any such selling Holder or
        underwriter, all financial and other records, pertinent corporate documents
        and
        properties of the Company, as shall be reasonably necessary to enable them
        to
        exercise their due diligence responsibility, subject to appropriate
        confidentiality undertakings;

       

      (i)  use
        its
        best efforts to furnish, at the request of any Holder requesting registration
        of
        Registrable Securities pursuant to this Section 2, on the date on which
        such Registrable Securities are sold to the underwriter, (i) an opinion,
        dated
        such date, of the counsel representing the Company for the purposes of such
        registration, in form and substance as is customarily given to underwriters
        in
        an underwritten public offering, addressed to the underwriters, if any, and
        (ii)
        a “comfort” letter dated such date, from the independent certified public
        accountants of the Company, in form and substance as is customarily given
        by
        independent certified public accountants to underwriters in an underwritten
        public offering, addressed to the underwriters, if any;

       

      (j)  Otherwise
        use its best efforts to comply with the securities laws of the United States
        and
        other applicable jurisdictions and all applicable rules and regulations of
        the
        Commission and comparable governmental agencies in other applicable
        jurisdictions and make generally available to its Holders, in each case as
        soon
        as practicable, but not later than forty-five (45) days after the close of
        the
        period covered thereby or ninety (90) days after the closing of the fiscal
        year,
        as the case may be, an earnings statement of the Company which will satisfy
        the
        provisions of Section 11(a) of the Securities Act;

       

      (k)  Provide
        an institutional transfer agent and registrar and a CUSIP number for all
        Registrable Securities on or before the effective date of the registration
        statement; and

       

      (l)  Make
        available for inspection by any Holder, any underwriter participating in
        any
        disposition pursuant to the registration statement, and any attorney,
        accountant, or other agent of any Holder or underwriter, all financial and
        other
        records, pertinent corporate documents, and properties of the Company, and
        cause
        the Company’s officers, directors and employees to supply all information
        requested by any Holder, underwriter, attorney, accountant, or agent in
        connection with the registration statement; provided that an appropriate
        confidentiality agreement is executed by any such Holder, underwriter, attorney,
        accountant or other agent.

       

      4.  Cooperation
        by Prospective Sellers.

       

      (a)  Each
        prospective seller of Registrable Securities shall furnish to the Company
        in
        writing such information as the Company may reasonably request from such
        seller
        in connection with any registration statement with respect to such Registrable
        Securities.

       

      (b)  The
        failure of any prospective seller of Registrable Securities to furnish any
        information or documents in accordance with any provision contained in this
        Agreement shall not affect the obligations of the Company under this Agreement
        to any remaining sellers who furnish such information and documents unless,
        in
        the reasonable opinion of counsel to the Company and/or the underwriters,
        such
        failure impairs or adversely affects the offering or the legality of the
        registration statement or causes the request not to meet the requirements
        of
Section 2
        of this
        Agreement.

       

      

         

         

        
          
            
            

          

          
            6

            
              

            

          

          
            
            

          

        

      

       

      (c)  Upon
        receipt of a notice (telephonic or written) from the Company or the underwriter
        of the happening of an event which makes any statement made in a registration
        statement or related prospectus covering Registrable Securities untrue or
        which
        requires the making of any changes in such registration statement or prospectus
        so that they will not contain any untrue statement of material fact or omit
        to
        state any material fact required to be stated therein or necessary to make
        the
        statements therein in light of the circumstances under which they were made
        not
        misleading, the Holders of Registrable Securities included in such registration
        statement shall discontinue disposition of such Registrable Securities pursuant
        to such registration statement until such Holders’ receipt of copies of the
        supplemented or amended prospectus contemplated in Section 3(f)
        hereof
        or until advised by the Company or the underwriters that dispositions may
        be
        resumed. If the Company gives any such notice, the time period mentioned
        in
Section 3(b)
        shall be
        extended by the number of days elapsing between the date of notice and the
        date
        that each seller receives copies of the supplemented or amended prospectus
        contemplated by Section 3(f).

       

      (d)  Each
        Holder of Registrable Securities included in any registration statement will
        effect sales of such securities in accordance with the plan of distribution
        given to the Company.

       

      (e)  At
        the
        end of any period during which the Company is obligated to keep any registration
        statement current and effective as provided in this Agreement, the Holders
        of
        Registrable Securities included in such registration statement shall discontinue
        sales of shares pursuant to such registration statement, unless it receives
        notice from the Company of its intention to continue effectiveness of such
        registration statement with respect to such shares which remain unsold and
        such
        Holders shall notify the Company of the number of shares registered which
        remain
        unsold promptly upon expiration of the period during which the Company is
        obligated to maintain the effectiveness of the registration
        statement.

       

      (f)  No
        Person
        may participate in any underwritten registration pursuant to this Agreement
        unless such Person (i) agrees to sell such Person’s securities on the basis
        provided in any underwriting arrangements made with respect to such registration
        and (ii) completes and executes all questionnaires, powers of attorney,
        indemnities, underwriting agreements and other documents reasonably required
        by
        the terms of such underwriting arrangements.

       

      5.  Indemnification;
        Contribution.

       

      

         

         

        
          
            
            

          

          
            7

            
              

            

          

          
            
            

          

        

      

       

      (a)  Incident
        to any registration of any Registrable Securities under the Securities Act
        pursuant to this Agreement, the Company will, to the extent permitted by
        law,
        indemnify and hold harmless each Holder who offers or sells any such Registrable
        Securities in connection with such registration statement (including its
        partners (including partners of partners and stockholders of any such partners),
        and directors, officers, stockholders, affiliates, employees, representatives
        and agents of any of them, and each person who controls any of them within
        the
        meaning of Section 15 of the Securities Act or Section 20 of the
        Exchange Act), from and against any and all losses, claims, damages, reasonable
        expenses and liabilities, joint or several (including any reasonable
        investigation, legal and other expenses incurred in connection with, and
        any
        amount paid in settlement of, any action, suit or proceeding or any claim
        asserted, as the same are incurred), to which they, or any of them, may become
        subject under the Securities Act, the Exchange Act or other federal or state
        statutory law or regulation, at common law or otherwise, insofar as such
        losses,
        claims, damages or liabilities arise out of or are based on (i) any untrue
        statement or alleged untrue statement of a material fact contained in such
        registration statement (including any related preliminary or definitive
        prospectus, or any amendment or supplement to such registration statement
        or
        prospectus), (ii) any omission or alleged omission to state in such document
        a
        material fact required to be stated in it or necessary to make the statements
        in
        it not misleading; provided,
        however,
        that
        the Company will not be liable to the extent that (1) such loss, claim, damage,
        expense or liability arises from and is based on an untrue statement or omission
        or alleged untrue statement or omission made in reliance on and in conformity
        with information furnished in writing to the Company by or on behalf of such
        Holder in accordance with Section 4(a)
        of this
        Agreement for use in such registration statement, or (2) in the case of a
        sale
        directly by such Holder (including a sale of Registrable Securities through
        any
        underwriter retained by such Holder to engage in a distribution solely on
        behalf
        of such Holder), such untrue statement or alleged untrue statement or omission
        or alleged omission was contained in a preliminary prospectus and corrected
        in a
        final or amended prospectus, and such Holder failed to deliver a copy of
        the
        final or amended prospectus at or prior to the confirmation of the sale of
        the
        Registrable Securities to the Person asserting any such loss, claim, damage
        or
        liability in any case where such delivery is required by the Securities Act
        or
        any state securities laws, or (iii) any violation or alleged violation by
        any
        other party hereto, of the Securities Act, the Exchange Act, any state
        securities law or any rule or regulation promulgated under the Securities
        Act,
        the Exchange Act or any state securities law. With respect to such untrue
        statement or omission or alleged untrue statement or omission in the information
        furnished in writing to the Company by or on behalf of such Holder in accordance
        with Section 4(a)
        of this
        Agreement for use in such registration statement, such Holder will severally
        and
        not jointly indemnify and hold harmless the Company (including its directors,
        officers, employees, representatives and agents), each other Holder (including
        its partners (including partners of partners and stockholders of such partners)
        and directors, officers, employees, representatives and agents of any of
        them,
        and each person who controls any of them within the meaning of Section 15
        of the Securities Act or Section 20 of the Exchange Act), from and against
        any and all losses, claims, damages, reasonable expenses and liabilities,
        joint
        or several (including any reasonable investigation, legal and other expenses
        incurred in connection with, and any amount paid in settlement of, any action,
        suit or proceeding or any claim asserted, as the same are incurred), to which
        they, or any of them, may become subject under the Securities Act, the Exchange
        Act or other federal or state statutory law or regulation, at common law
        or
        otherwise, provided,
        however,
        that
        the indemnification obligations of the Holder contained in this Section
        5(a)
        shall
        not apply to amounts paid in settlement of any such loss, claim, damage,
        liability or action if such settlement is effected without the consent of
        the
        Holder, which consent shall not be unreasonably withheld; and provided,
        further,
        that,
        in no event shall any indemnity under this Section
        5(a)
        exceed
        the net proceeds from the offering received by such Holder, except in the
        case
        of fraud or willful misconduct by such Holder.

       

      

         

         

        
          
            
            

          

          
            8

            
              

            

          

          
            
            

          

        

      

       

      (b)  If
        the
        indemnification provided for in Section 5(a)
        above
        for any reason is held by a court of competent jurisdiction to be unavailable
        to
        an indemnified party in respect of any losses, claims, damages, expenses
        or
        liabilities referred to therein, then each indemnifying party under this
        Section 5,
        in lieu
        of indemnifying such indemnified party thereunder, shall contribute to the
        amount paid or payable by such indemnified party as a result of such losses,
        claims, damages, expenses or liabilities (i) in such proportion as is
        appropriate to reflect the relative benefits received by the Company and
        the
        other Holders from the offering of the Registrable Securities or (ii) if
        the
        allocation provided by clause (i) above is not permitted by applicable law,
        in
        such proportion as is appropriate to reflect not only the relative benefits
        referred to in clause (i) above but also the relative fault of the Company
        and
        the other Holders in connection with the statements or omissions which resulted
        in such losses, claims, damages, expenses or liabilities, as well as any
        other
        relevant equitable considerations. The relative benefits received by the
        Company
        and the Holders shall be deemed to be in the same respective proportions
        that
        the net proceeds from the offering received by the Company and the Holders,
        in
        each case as set forth in the table on the cover page of the applicable
        prospectus, bear to the aggregate public offering price of the Registrable
        Securities. The relative fault of the Company and the Holders shall be
        determined by reference to, among other things, whether the untrue or alleged
        untrue statement of a material fact or the omission or alleged omission to
        state
        a material fact relates to information supplied by or on behalf of the Company
        or the Holders and the parties’ relative intent, knowledge and access to
        information.

       

      The
        Company and the Holders agree that it would not be just and equitable if
        contribution pursuant to this Section 5(b)
        were
        determined by pro rata or per capita allocation or by any other method of
        allocation which does not take account of the equitable considerations referred
        to in the immediately preceding paragraph. No person found guilty of fraudulent
        misrepresentation (within the meaning of Section 11(f) of the Securities
        Act) shall be entitled to contribution from any person who was not found
        guilty
        of such fraudulent misrepresentation.

       

      (c)  The
        amount paid by an indemnifying party or payable to an indemnified party as
        a
        result of the losses, claims, damages and liabilities referred to in this
        Section 5
        shall be
        deemed to include, subject to the limitations set forth above, any legal
        or
        other expenses reasonably incurred by such indemnified party in connection
        with
        investigating or defending any such action or claim, payable as the same
        are
        incurred. The indemnification and contribution provided for in this Section 5
        will
        remain in full force and effect regardless of any investigation made by or
        on
        behalf of the indemnified parties or any officer, director, employee, agent
        or
        controlling person of the indemnified parties. No indemnifying party, in
        the
        defense of any such claim or litigation, shall enter into a consent of entry
        of
        any judgment or enter into a settlement without the consent of the indemnified
        party, which consent will not be unreasonably withheld. Any indemnified party
        that proposes to assert the right to be indemnified under this Section 5
        will,
        promptly after receipt of notice of commencement or threat of any claim or
        action against such party in respect of which a claim is to be made against
        an
        indemnifying party under this Section 5
        notify
        the indemnifying party in writing (such written notice, an “Indemnification
        Notice”)
        of the
        commencement or threat of such action, enclosing a copy of all papers served
        or
        notices received (if applicable), but the omission so to notify the indemnifying
        party will not relieve the indemnifying party from any liability that the
        indemnifying party may have to any indemnified party under the foregoing
        provisions of this Section 5
        unless,
        and only to the extent that, such omission results in the forfeiture of
        substantive rights or defenses by the indemnifying party. The indemnified
        party
        will have the right to retain its own counsel in any such action if (i) the
        employment of counsel by the indemnified party has been authorized by the
        indemnifying party, (ii) the indemnified party’s counsel, shall have reasonably
        concluded that there is a reasonable likelihood of a conflict of interest
        between the indemnifying party and the indemnified party in the conduct of
        the
        defense of such action or (iii) the indemnifying party shall not in fact
        have
        employed counsel to assume the defense of such action within a reasonable
        period
        of time following its receipt of the Indemnification Notice, in each of which
        cases the fees and expenses of the indemnified party’s separate counsel shall be
        at the expense of the indemnifying party; provided,
        however,
        that
        the indemnified party shall agree to repay any expenses so advanced hereunder
        if
        it is ultimately determined by a court of competent jurisdiction that the
        indemnified party to whom such expenses are advanced is not entitled to be
        indemnified; and provided,
        further,
        that so
        long as the indemnified party has reasonably concluded that no conflict of
        interest exists, the indemnifying party may assume the defense of any action
        hereunder with counsel reasonably satisfactory to the indemnified
        party.

      

         

         

        
          
            
            

          

          
            9

            
              

            

          

          
            
            

          

        

      

       

      (d)  In
        the
        event of an underwritten offering of Registrable Securities under this
        Agreement, the Company shall enter into standard indemnification and
        underwriting agreements with the underwriter thereof.

       

      6.  Right
        to Delay.
        For
        one
        period not to exceed 90 days in any twelve (12) month period, the Company
        shall
        not be obligated to prepare and file, or prevented from delaying or abandoning,
        a Registration Statement pursuant to this Agreement at any time when the
        Company, in its good faith judgment, reasonably believes:

       

      (a)  that
        the
        filing thereof at the time requested, or the offering of Registrable Securities
        pursuant thereto, would materially and adversely affect (i) a pending or
        scheduled public offering of the Company’s securities, (ii) any significant
        acquisition, merger, recapitalization. consolidation, reorganization or other
        similar transaction by or of the Company, (iii) pre-existing and continuing
        negotiations, discussions or pending proposals with respect to any of the
        foregoing transactions, or (iv) the financial condition of the Company in
        view
        of the disclosure of any pending or threatened litigation, claim, assessment
        or
        governmental investigation which may be required thereby; and

       

      (b)  that
        the
        failure to disclose any material information with respect to the foregoing
        would
        cause a violation of the Securities Act or Exchange Act.

       

      The
        Company shall not register any securities for the account of itself or any
        other
        stockholder during such 90-day period other than a registration statement
        relating either to the sale of securities to employees of the Company pursuant
        to a stock option, stock purchase or similar plan or an SEC Rule 145
        transaction, a registration on any form that does not include substantially
        the
        same information as would be required to be included in a registration statement
        covering the sale of the Registrable Securities, or a registration in which
        the
        only Common Stock being registered is Common Stock issuable upon conversion
        of
        debt securities that are also being registered).

       

      7.  Transferability
        of Registration Rights.
        The
        registration rights set forth in this Agreement are transferable to any
        transferee of Registrable Securities. Each subsequent Holder of Registrable
        Securities must consent in writing to be bound by the terms and conditions
        of
        this Agreement in order to acquire the rights granted pursuant to this
        Agreement.

       

      

         

      

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

       

      8.  Rights
        Which May Be Granted to Subsequent Investors.
        Other
        than transferees of Registrable Securities under Section 7
        hereof,
        the Company shall not, without the prior written consent of the Holders of
        a
        majority of the outstanding Registrable Securities, enter into any agreement
        with any holder or prospective holder of any securities of the Company which
        would allow such holder or prospective holder to include such securities
        in any
        registration unless under the terms of such agreement, such holder or
        prospective holder may include such securities in any such registration only
        to
        the extent that the inclusion of such securities will not reduce the amount
        of
        the Registrable Securities of the Holders that are included.

       

      9.  Right
        of First Offer.
        Subject
        to the terms and conditions specified in this Section 9,
        and
        applicable securities laws, in the event the Company proposes to offer or
        sell
        any New Securities, the Company shall first make an offering of such New
        Securities to PBT or its designee in accordance with the following provisions
        of
        this Section 9.
        PBT or
        its designee shall be entitled to apportion the right of first offer hereby
        granted it among itself and its partners, members and affiliates in such
        proportions as it deems appropriate.

       

      (a)  The
        Company shall deliver a notice, in accordance with the provisions of
Section 10(a)
        hereof,
        (the “Offer
        Notice”)
        to PBT
        stating (i) its bona fide intention to offer such New Securities, (ii) the
        number of such New Securities to be offered, and (iii) the price and terms,
        if
        any, upon which it proposes to offer such New Securities.

       

      (b)  By
        written notification received by the Company, within twenty (20) calendar
        days
        after mailing of the Offer Notice, PBT or its designee may elect to purchase
        or
        obtain, at the price and on the terms specified in the Offer Notice, up to
        that
        portion of such New Securities which equals the proportion that the number
        of
        shares of Common Stock issued and held, or issuable upon conversion of the
        Preferred Stock (and any other securities convertible into, or otherwise
        exercisable or exchangeable for, shares of Common Stock) then held, by PBT
        bears
        to the total number of shares of Common Stock of the Company then outstanding
        (assuming full conversion and exercise of all convertible or exercisable
        securities).

       

      (c)  If
        all
        New Securities referred to in the Offer Notice are not elected to be purchased
        or obtained as provided in Section 9(b)
        hereof,
        the Company may, during the sixty (60) day period following the expiration
        of
        the period provided in Section 9(b)
        hereof,
        offer the remaining unsubscribed portion of such New Securities (collectively,
        the “Refused
        Securities”)
        to any
        person or persons at a price not less than, and upon terms no more favorable
        to
        the offeree than, those specified in the Offer Notice. If the Company does
        not
        enter into an agreement for the sale of the New Securities within such period,
        or if such agreement is not consummated within sixty (60) days following
        the
        execution thereof, the right provided hereunder shall be deemed to be revived
        and such New Securities shall not be offered unless first reoffered to PBT
        or
        its designee in accordance with this Section 9.

       

      (d)  The
        right
        of first offer in this Section 9
        shall
        not be applicable to New Securities issued: 

       

      	i.  	
              upon
                conversion of shares of Preferred Stock;

            

       

      

         

         

        
          
            
            

          

          
            11

            
              

            

          

          
            
            

          

        

      

       

      	ii.  	
              to
                officers, directors, employees and consultants of the Company pursuant
                to
                stock incentive plans, or other stock arrangements that have been
                approved
                by the Board of Directors of the Company including the directors
                elected
                by the holders of a majority of the Preferred Stock (the “Series
                A Directors”);

            

       

      	iii.  	
              as
                a dividend or distribution on the Corporation’s Common Stock or Preferred
                Stock;

            

       

      	iv.  	
              upon
                the written consent of PBT that expressly states that the right of
                first
                offer in this Section 9 shall not apply to such New
                Securities;

            

       

      	v.  	
              upon
                the exercise or conversion of any options or other convertible securities
                outstanding as of the date hereof;

            

       

      	vi.  	
              pursuant
                to a loan arrangement or debt financing from a bank, equipment lessor
                or
                similar financial institution approved by the Board of Directors,
                including the Series A Directors; or

            

       

      	vii.  	
              in
                connection with strategic transactions (but excluding any merger,
                consolidation, acquisition or similar business combination) that
                have been
                approved by the Board of Directors of the Corporation including the
                Series
                A Directors.

            

       

      (e)  The
        right
        of first offer set forth in this Section 9
        may not
        be assigned or transferred except that such right is assignable by PBT to
        any
        affiliate of PBT.

       

      10.  Miscellaneous.

       

      (a)  Notices.
        Except
        as
        otherwise expressly provided herein, all notices, requests, demands, claims,
        and
        other communications hereunder will be in writing. Any such notice, request,
        demand, claim, or
        other
        communication hereunder shall be deemed duly given (i) upon confirmation
        of
        facsimile, (ii) one (1) business day following the date sent when sent by
        overnight delivery and (iii) five (5) business days following the date mailed
        when mailed by registered
        or certified mail return receipt requested and postage prepaid at the following
        addresses (or
        such
        other address for a party as shall be specified by such party by like
        notice):
        All
        communications shall be sent to PBT at 101 Second Street, Suite 1100, San
        Francisco, California 94105, and to the Company at 8687 West Sahara, Suite
        201,
        Las Vegas, NV 89117, or at such other address(es) as PBT or the Company may
        designate by ten (10) days advance written notice to the other parties
        hereto.

       

      (b)  Entire
        Agreement.
        This
        Agreement, together with the instruments and other documents hereby contemplated
        to be executed and delivered in connection herewith, contains the entire
        agreement and understanding of the parties hereto, and supersedes any prior
        agreements or understandings between or among them, with respect to the subject
        matter hereof.

       

      (c)  Successors
        and Assigns.
         The
        terms
        and conditions of this Agreement shall inure to the benefit of and be binding
        upon the respective successors and assigns of the parties. Nothing in this
        Agreement, express or implied, is intended to confer upon any party other
        than
        the parties hereto or their respective successors and assigns any rights,
        remedies, obligations, or liabilities under or by reason of this Agreement,
        except as expressly provided in this Agreement.

      

         

         

        
          
            
            

          

          
            12

            
              

            

          

          
            
            

          

        

      

       

      (d)  Successor
        Indemnification.
        In the
        event that the Company or any of its successors or assigns (i) consolidates
        with
        or merges into any other entity and shall not be the continuing or surviving
        corporation or entity of such consolidation or merger or (ii) transfers or
        conveys all or substantially all of its properties and assets to any person
        or
        entity, then, and in each such case, to the extent necessary, proper provision
        shall be made so that the successors and assigns of the Company assume the
        obligations of the Company with respect to indemnification of members of
        the
        Board of Directors as in effect immediately prior to such transaction, whether
        in the Company’s bylaws, Certificate of Incorporation, or elsewhere, as the case
        may be.

       

      (e)  Amendments
        and Waivers.
        Except
        as
        otherwise expressly set forth in this Agreement, any term of this Agreement
        may
        be amended and the observance of any term of this Agreement may be waived
        (either generally or in a particular instance and either retroactively or
        prospectively), with the written consent of the Company and the Holders of
        a
        majority of the Preferred Stock. No waivers of or exceptions to any term,
        condition or provision of this Agreement, in any one or more instances, shall
        be
        deemed to be, or construed as, a further or continuing waiver of any such
        term,
        condition or provision. 

       

      (f)  Counterparts;
        Facsimile Execution.
        This
        Agreement may be executed in multiple counterparts, each of which shall
        constitute an original but all of which shall constitute but one and the
        same
        instrument. One or more counterparts of this Agreement may be delivered via
        telecopier, with the intention that they shall have the same effect as an
        original counterpart hereof.
        Facsimile execution and delivery of this Agreement is legal, valid and binding
        for all purposes. 

       

      (g)  Captions.
        The
        captions of the sections, subsections and paragraphs of this Agreement have
        been
        added for convenience only and shall not be deemed to be a part of this
        Agreement. 

       

      (h)  Severability.
        Each
        provision of this Agreement shall be interpreted in such manner as to validate
        and give effect thereto to the fullest lawful extent, but if any provision
        of
        this Agreement is determined by a court of competent jurisdiction to be invalid
        or unenforceable under applicable law, such provision shall be ineffective
        only
        to the extent so determined and such invalidity or unenforceability shall
        not
        affect the remainder of such provision or the remaining provisions of this
        Agreement; provided,
        however,
        that
        the Company and the Holders of a majority of the Registrable Securities shall
        negotiate in good faith to attempt to implement an equitable adjustment in
        the
        provisions of this Agreement with a view toward effecting the purposes of
        this
        Agreement by replacing the provision that is invalid or unenforceable with
        a
        valid and enforceable provision the economic effect of which comes as close
        as
        possible to that of the provision that has been found to be invalid and
        unenforceable. 

       

      (i)  Governing
        Law.
        The
        execution, interpretation, and performance of this Agreement shall be governed
        by the laws of the State of California without giving effect to any choice
        in
        conflict of law provision or rule (whether of the State of California or
        any
        other jurisdiction) that would cause the application of the law of any other
        jurisdiction other than the State
        of
        California.

      

         

         

        
          
            
            

          

          
            13

            
              

            

          

          
            
            

          

        

      

       

      (j)  Dispute
        Resolution.
        Any
        unresolved controversy or claim arising out of or relating to this Agreement,
        except as (i) otherwise provided in this Agreement, or (ii) any such
        controversies or claims arising out of either party’s intellectual property
        rights for which a provisional remedy or equitable relief is sought, shall
        be
        submitted to arbitration by one arbitrator mutually agreed upon by the parties,
        and if no agreement can be reached within 30 days after names of potential
        arbitrators have been proposed by the American Arbitration Association (the
        “AAA”),
        then
        by one arbitrator having reasonable experience in corporate finance transactions
        of the type provided for in this Agreement and who is chosen by the AAA.
        The
        arbitration shall take place in San Francisco, California, in accordance
        with
        the AAA rules then in effect, and judgment upon any award rendered in such
        arbitration will be binding and may be entered in any court having jurisdiction
        thereof. There shall be limited discovery prior to the arbitration hearing
        as
        follows: (a) exchange of witness lists and copies of documentary evidence
        and
        documents relating to or arising out of the issues to be arbitrated, (b)
        depositions of all party witnesses and (c) such other depositions as may
        be
        allowed by the arbitrators upon a showing of good cause. Depositions shall
        be
        conducted in accordance with the California Code of Civil Procedure, the
        arbitrator shall be required to provide in writing to the parties the basis
        for
        the award or order of such arbitrator, and a court reporter shall record
        all
        hearings, with such record constituting the official transcript of such
        proceedings. The prevailing party shall be entitled to reasonable attorney’s
        fees, costs, and necessary disbursements in addition to any other relief
        to
        which such party may be entitled. 

       

      (k)  Specific
        Performance.
        The
        parties hereto agree that irreparable damage would occur in the event that
        any
        provision of this Agreement was not performed in accordance with the terms
        hereof and that the parties hereto shall be entitled to seek specific
        performance of the terms hereof (without necessity of posting a bond in
        connection therewith), in addition to any other remedy at law or equity
        otherwise permitted hereunder.

       

      [Signature
        page follows]

       

      

         

         

        
          
            
            

          

          
            14

            
              

            

          

          
            
            

        

      

      IN
        WITNESS WHEREOF, the parties hereto have caused this Registration Rights
        Agreement to be duly executed as of the date first set forth above.

       

      
        	 	
                Solidus
                  Networks, Inc.

                 

                By:__________________________

                Name:

                Title:

              
	 	
                 

                 

                WinWin
                  Gaming, Inc.

                 

                By:/s/
                  Patrick
                  Rogers                                

                Name:
                  Patrick Rogers

                Title:
                  President / CEO

              
	 	 

      

      

       

      

      

        [Signature
          page to Registration Rights Agreement]

      

      

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

      

       

      IN
        WITNESS WHEREOF, the parties hereto have caused this Registration Rights
        Agreement to be duly executed as of the date first set forth above.

       

      
        	 	
                Solidus
                  Networks, Inc.

                 

                By:
                  /s/
                  Steve
                  Zelinger                   
                  

                Name:
                  Steve Zelinger

                Title:
                  EVP & GC

              
	 	
                 

                 

                WinWin
                  Gaming, Inc.

                 

                By:______________________

                Name:
                  

                Title:
                  

              
	 	 

      

      

       

      

      

        [Signature
          page to Registration Rights Agreement]

        
 

      

      
        
          
          

        

        
          16

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