Document:

Performance Share Award Agreement

    

    Black
      Hills Corporation 

    2005
      Omnibus Incentive Plan

    Performance
      Share Award Agreement

    

     

    (Performance
      Period ______________ - _______________)

     

    

     

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    Contents

     

    

     

    
      	
              Article
                1.   Performance Period 

            	
              1

            
	
              Article
                2.   Value of Performance Shares 

            	
              1

            
	
              Article
                3.   Performance Shares and Achievement of Performance
                Measure 

            	
              2

            
	
              Article
                4.   Termination Provisions 

            	
              3

            
	
              Article
                5.   Change in Control 

            	
              3

            
	
              Article
                6.   Dividends 

            	
              3

            
	
              Article
                7.   Form and Timing of Payment of Performance
                Shares 

            	
              3

            
	
              Article
                8.   Nontransferability 

            	
              4

            
	
              Article
                9.   Administration 

            	
              4

            
	
              Article
                10. Miscellaneous 

            	
              4

            

    

    

    

    

    

    

     

    
      
        
          

        

        
        

      

      
        2

        
          

        

      

      
        
        

        
        

      

    

    Black
      Hills Corporation

     

    2005
      Omnibus Incentive Plan

     

    Performance
      Share Award Agreement

     

    You
      have
      been selected to be a participant in the Black Hills Corporation 2005
      Omnibus

    Incentive
      Plan (the “Plan”), as specified below:

    

    Participant:
      _____________________

    

    Target
      Performance Share Award:
      ______
      shares

    

    Performance
      Period:
      _____________ to _______________

    

    Performance
      Measure:
      Total
      Shareholder Return (“TSR”).

    

    Peer
      Index:
      S&P
      MID CAP UTILITY INDEX

    

    Alliant
      Energy Corporation; DPL Inc.; Duquesne Light Holding Inc.; Great Plains Energy
      Inc.; Hawaiian Electric Inds.; Idacorp Inc.; Northeast Utilities; Nstar; OGE
      Energy Corporation; Pepco Holdings Inc.; PNM Resources Inc.; Puget Energy Inc.;
      Wisconsin Energy Corp,; and WPS Resources Corp.

    

    THIS
      AGREEMENT (the “Agreement”) effective _______________, represents the grant of
      Performance Shares by Black Hills Corporation, a South Dakota corporation (the
      “Company”), to the Participant named above, pursuant to the provisions of the
      Plan.

    

    The
      Plan
      provides a complete description of the terms and conditions governing the
      Performance Shares. If there is any inconsistency between the terms of this
      Agreement and the terms of the Plan, the Plan’s terms shall completely supersede
      and replace the conflicting terms of this Agreement. 

    

    All
      capitalized terms shall have the meanings ascribed to them in the Plan, unless
      specifically set forth otherwise herein. 

    

    The
      parties hereto agree as follows:

    

    Article
      1. Performance Period

    

    The
      Performance Period commences on ______________ and ends on
      ________________.

    

    Article
      2. Value of Performance Shares

    

    Each
      Performance Share shall represent and have a value equal to one share of common
      stock of the Company.

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    Notwithstanding
      anything herein to the contrary, the Performance Shares shall have no value
      whatsoever if the Ending Stock Price (as defined herein) is not greater than
      Beginning Stock Price (as defined herein), taking into account any adjustments
      made pursuant to Paragraph 4.3 of the Plan.

    

    Article
      3. Performance Shares and Achievement of Performance
      Measure

    

    
      	(a)  	
              The
                number of Performance Shares to be earned under this Agreement shall
                be
                based upon the achievement of pre-established TSR performance goals
                as set
                by the Compensation Committee of the Board of Directors (Committee)
                for
                the Performance Period, based on the following
                chart:

            

    

    

    
      	
              TSR
                Performance Relative to Companies in Peer Index

            	
              Payout

              (%
                of Target)

            
	 	 
	
              80th
                Percentile or Above

            	
              175%

            
	
              70th
                Percentile

            	
              150%

            
	
              60th
                Percentile

            	
              125%

            
	
              50th
                Percentile

            	
              100%

            
	
              40th
                Percentile

            	
              50%

            
	
              30th
                Percentile or Below

            	
              0%

            

    

    

    Interpolation
      shall be used to determine the percentile rank in the event the Company’s
      Percentile Rank does not fall directly on one of the ranks listed in the above
      chart.

     

    For
      this
      purpose, Total Shareholder Return shall be determined as follows:

    

    
      	
              Total
                Shareholder

              Return

            	
              =

            	
              Change
                in Stock Price + Dividends Paid

              Beginning
                Stock Price

            

    

    

    Beginning
      Stock Price shall mean the average closing price on the applicable stock
      exchange of one share of stock for the twenty (20) trading days immediately
      prior to the first day of the Performance Period; Ending Stock Price shall
      mean
      the average closing price on the applicable stock exchange of one share of
      stock
      for the twenty (20) trading days immediately prior to the last day of the
      Performance Period; Change in Stock Price shall mean the difference between
      the
      Beginning Stock Price and the Ending Stock Price; and Dividends Paid shall
      mean
      the total of all dividends paid on one (1) share of stock during the Performance
      Period. 

     

    Following
      the Total Shareholder Return determination, the Company’s Percentile Rank shall
      be determined as follows:

     

    Percentile
      Rank shall be determined by listing from highest Total Shareholder Return to
      lowest Total Shareholder Return each company in the Peer Index (excluding the
      Company). The top company would have a one hundred percentile (100%) rank and
      the bottom company would have a zero percentile (0.0%) rank. Each company in
      between would be one hundred divided by n minus one (100/n-1) above the company
      below it. The Company percentile rank would then be interpolated based on the
      Company TSR. The Companies in the Peer Index shall remain constant throughout
      the entire Performance Period. 

     

    
 

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    Article
      4. Termination Provisions

    

    Except
      as
      provided below, a Participant shall be eligible for payment of awarded
      Performance Shares, as determined in Section 3, only if the Participant’s
      employment with the Company continues through the end of the Performance
      Period.

    

    If
      participant retires, suffers a Disability, or dies during the Performance
      Period, the Participant (or the Participant’s estate) shall be entitled to that
      proportion of the number of Performance Shares as such Participant is entitled
      to under Section 3 for such Performance Period that the number of full months
      of
      participation during the Performance Period bears to the total number of months
      in the Performance Period. The form and timing of the payment of such
      Performance Shares shall be as set forth in Article 7.

    

    Termination
      of employment for any reason other than Retirement, Disability, or death during
      the Performance Period shall require forfeiture of this entire award, with
      no
      payment to the Participant.

    

    Article
      5. Change in Control

    

    Notwithstanding
      anything herein to the contrary, upon a Change in Control, the Participant
      shall
      be entitled to that proportion of the number of Performance Shares as such
      Participant is entitled to under Section 3 for such Performance Period that
      the
      number of full months of participation during the Performance Period (as of
      the
      effective date of the Change in Control) bears to the total number of months
      in
      the Performance Period. When there is a Change in Control, the TSR shall be
      calculated as set forth in Article 3, except that the Ending Stock Price shall
      mean the average closing price on the applicable stock exchange of one share
      of
      stock for the twenty (20) trading days immediately prior to the Change in
      Control. Performance Shares shall be paid out to the Participant in cash within
      thirty (30) days of the effective date of the Change in Control.

    "Change
      in Control" of the Company shall be deemed to have occurred (as of a particular
      day, as specified by the Board) upon the occurrence of any of the following
      events:

    

    (a) The
      acquisition in a transaction or series of transactions by any Person of
      Beneficial Ownership of thirty percent (30%) or more of the combined voting
      power of the then outstanding shares of common stock of the Company; provided,
      however, that for purposes of this Agreement, the following acquisitions will
      not constitute a Change in Control: (A) any acquisition by the Company;
      (B) any acquisition of common stock of the Company by an underwriter
      holding securities of the Company in connection with a public offering thereof;
      and (C) any acquisition by any Person pursuant to a transaction which complies
      with subsections (c) (i), (ii) and (iii), below;

    

    (b) Individuals
      who, as of December 31, 2004 are members of the Board (the "Incumbent Board"),
      cease for any reason to constitute at least a majority of the members of the
      Board; provided, however, that if the election, or nomination for election
      by
      the Company's common shareholders, of any new director was approved by a vote
      of
      at least two-thirds of the Incumbent Board, such new director shall, for
      purposes of this Plan, be considered as a member of the Incumbent Board;
      provided further, however, that no individual shall be considered a member
      of
      the Incumbent Board if such individual initially assumed office as a result
      of
      either an actual or threatened "Election Contest" (as described in Rule 14a-11
      promulgated under the Exchange Act) or other actual or threatened solicitation
      of proxies or consents by or on behalf of a Person other than the Board (a
      "Proxy Contest") including by reason of any agreement intended to avoid or
      settle any Election Contest or Proxy Contest;

     

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    

    (c) Consummation,
      following shareholder approval, of a reorganization, merger, or consolidation
      of
      the Company and/or its subsidiaries, or a sale or other disposition (whether
      by
      sale, taxable or non-taxable exchange, formation of a joint venture or
      otherwise) of fifty percent (50%) or more of the assets of the Company and/or
      its subsidiaries (each a “Business Combination”), unless, in each case,
      immediately following such Business Combination, (i) all or substantially all
      of
      the individuals and entities who were beneficial owners of shares of the common
      stock of the Company immediately prior to such Business Combination beneficially
      own, directly or indirectly, more that fifty percent (50%) of the combined
      voting power of the then outstanding shares of the entity resulting from the
      Business Combination or any direct or indirect parent corporation thereof
      (including, without limitation, an entity which as a result of such transaction
      owns the Company or all or substantially all of the Company’s assets either
      directly or through one (1) or more subsidiaries)(the “Successor Entity”); (ii)
      no Person (excluding any Successor entity or any employee benefit plan or
      related trust, of the Company or such Successor Entity) owns, directly or
      indirectly, thirty percent (30%) or more of the combined voting power of the
      then outstanding shares of common stock of the Successor Entity, except to
      the
      extent that such ownership existed prior to such Business Combination; and
      (iii)
      at least a majority of the members of the Board of Directors of the entity
      resulting from such Business Combination or any direct or indirect parent
      corporation thereof were members of the Incumbent Board at the time of the
      execution of the initial agreement or action of the Board providing for such
      Business Combination; or

    

    (d) Approval
      by the shareholders of the Company of a complete liquidation or dissolution
      of
      the Company, except pursuant to a Business Combination that complies with
      subsections (c) (i), (ii), and (iii) above. 

    

    (e) A
      Change
      in Control shall not be deemed to occur solely because any Person (the "Subject
      Person") acquired Beneficial Ownership of more than the permitted amount of
      the
      then outstanding Common Stock as a result of the acquisition of Common Stock
      by
      the Company which, by reducing the number of shares of Common Stock then
      outstanding, increases the proportional number of shares Beneficially Owned
      by
      the Subject Persons, provided that if a Change in Control would occur (but
      for
      the operation of this sentence) as a result of the acquisition of Common Stock
      by the Company, and after such stock acquisition by the Company, the Subject
      Person becomes the Beneficial Owner of any additional Common Stock which
      increases the percentage of the then outstanding Common Stock Beneficially
      Owned
      by the Subject Person, then a Change in Control shall occur.

     

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    (f) A
      Change
      in Control shall not be deemed to occur unless and until all regulatory
      approvals required in order to effectuate a Change in Control of the Company
      have been obtained and the transaction constituting the Change in Control has
      been consummated.

    

    Article
      6. Dividends

    

    During
      the Performance Period, all dividends and other distributions paid with respect
      to the shares of Common Stock shall accrue for the benefit of the Participant
      to
      be paid out to the Participant pursuant to Article 7.

    

    Article
      7. Form and Timing of Payment of Performance Shares

    

    Payment
      of the Performance Shares, including accrued dividends, shall be made fifty
      percent (50%) in cash and fifty percent (50%) in shares of Company stock.

    

    Payment
      of Performance Shares shall be made within sixty (60) calendar days following
      the close of the Performance Period, subject to the following:

     

     

    
      
        	
                    

              	
                (a)
                  The Participant shall have no right with respect to any Award or
                  a portion
                  there of, until such award shall be paid to such Participant.

                 

              

      

    

    
      	
                  

            	
              (b)
                If the Committee determines, in its sole discretion, that a Participant
                at
                any time has willfully engaged in any activity that the Committee
                determines was or is harmful to the Company, any unpaid pending Award
                will
                be forfeited by such Participant.

            

    

    

        (c) All
      appropriate taxes will be withheld from the cash portion of the
      award.

    

    Article
      8. Nontransferability

    

    Performance
      Shares may not be sold, transferred, pledged, assigned, or otherwise alienated
      or hypothecated, other than by will or by the laws of descent and distribution.
      Further, except as otherwise provided in a Participant’s Award Agreement, a
      Participant’s rights under the Plan shall be exercisable during the
      Participant’s lifetime only by the Participant or the Participant’s legal
      representative. 

    

    Article
      9. Administration

    

    This
      Agreement and the rights of the Participant hereunder are subject to all the
      terms and conditions of the Plan, as the same may be amended from time to time
      by the Board of Directors, as well as to such rules and regulations as the
      Committee may adopt for administration of the Plan. It is expressly understood
      that the Committee is authorized to administer, construe, and make all
      determinations necessary or appropriate to the administration of the Plan and
      this Agreement, in its sole discretion, all of which shall be binding upon
      the
      Participant. 

    

    Any
      inconsistency between the Agreement and the Plan shall be resolved in favor
      of
      the Plan.

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    Article
      10. Miscellaneous

    

    (a) The
      selection of any employee for participation in the Plan shall not give such
      Participant any right to be retained in the employ of the Company. The right
      and
      power of the Company to dismiss or discharge any Participant at-will, is
      specifically reserved. Such Participant or any person claiming under or through
      the Participant shall not have any right or interest in the Plan or any Award
      thereunder, unless and until all terms, conditions, and provisions of the Plan
      that affect such Participant have been complied with as specified herein.

    

    
      	 	
               

            	
              (b)
                With the approval of the Board, the Committee may terminate, amend,
                or
                modify the Plan; provided, however, that no such termination, amendment,
                or modification of the Plan may in any way adversely affect the
                Participant’s rights under this Agreement without the Participant’s
                written consent. 

            

    

    

    
      	 	
               

            	
              (c)
                Participant shall not have voting rights with respect to the Performance
                Shares. Participant shall obtain voting rights upon the settlement
                of
                Performance Shares and distribution into shares of common stock of
                the
                Company.

            

    

    

    (d) The
      Participant may defer such Participant’s receipt of the payment of cash and the
      delivery of shares of common stock, that would otherwise be due to such
      Participant by virtue of the satisfaction of the performance goals with respect
      to the Performance Shares, pursuant to the rules of the Black Hills Corporation
      Nonqualified Deferred Compensation Plan and the procedures set forth by the
      Compensation Committee. If the Participant elects to defer the receipt of the
      award, the Participant will be required to pay any necessary taxes from their
      own funds. They will not be allowed to have their deferred award reduced for
      tax
      withholding.

    

    
      	 	
               

            	
              (e)
                This Agreement shall be subject to all applicable laws, rules, and
                regulations, and to such approvals by any governmental agencies or
                national securities exchanges as may be required.
                

            

    

    

    
      	 	
               

            	
              (f)
                To the extent not preempted by federal law, this Agreement shall
                be
                governed by, and construed in accordance with, the laws of the State
                of
                South Dakota.

            

    

    

    (g) Any
      awards received by Participant are subject to the provisions of the Stock
      Ownership Guidelines approved by the Board of Directors.

    

    

    The
      following parties have caused this Agreement to be executed effective as of
      _______________.

    

    Black
      Hills Corporation

    

    

                        By:
      _______________________

    

    ___________________________

    ParticipantExhibit
        10.1

      Asset
        Purchase Agreement

      ASSET
        PURCHASE AGREEMENT

      Dated
        as of July 5, 2005

      Between

      

      WinWin
        Gaming, Inc.

      and

      Bijou
        Studios, Inc.

       

      ASSET
        PURCHASE AGREEMENT dated as of July 5, 2005 (this “Agreement”) between WinWin
        Gaming, Inc., a Delaware corporation, with an address at 8687 Sahara Blvd.,
        Suite 201, Las Vegas, Nevada 89117 (the “Purchaser”), and Bijou Studios, Inc., a
        Delaware corporation, with an address at 10781 Cliffords Tower Ct. Las Vegas,
        NV
        89135 (the “Seller”).

      

      RECITALS

      

      WHEREAS,
        the Purchaser desires to purchase from the Seller and the Seller desires
        to sell
        to the Purchaser all of Seller’s rights, title and interest in and to the Assets
        (as hereinafter defined), all upon the terms and conditions set forth in
        this
        Agreement.

      

      NOW,
        THEREFORE, in consideration of the representations, warranties and covenants
        herein contained and for other good and valuable consideration, the receipt
        and
        sufficiency of which are hereby acknowledged, the parties hereto hereby agree
        as
        follows:

      

      ARTICLE
        I

      CERTAIN
        DEFINITIONS

      

      1.1
        CERTAIN DEFINITIONS.

      

      (a)
        The
        following terms, when used in this Agreement, shall have the respective meanings
        ascribed to them below:

      

      “ACTION”
        means any claim, action, suit, inquiry, hearing, investigation or other
        proceeding.

      

      “AFFILIATE”
        means, with respect to a Person, any other Person that, directly or indirectly,
        through one or more intermediaries, Controls, is controlled by or is under
        common Control with, such Person. For purposes of this definition, “CONTROL”
        (including, with correlative meanings, the terms “Controlled by” and “under
        common Control with”) means the possession, directly or indirectly, of the power
        to direct or cause the direction of the management or policies of a Person,
        whether through the ownership of stock, as trustee or executor, by Contract
        or
        credit arrangement or otherwise.

       

      “AGREEMENT”
        has the meaning set forth in the preamble hereto.

      

      “ANCILLARY
        AGREEMENTS” means the Bill of Sale and the IP Assignment.

      

      “ASSETS”
        has the meaning set forth in Section 2.1.

      

      “BILL
        OF
        SALE” has the meaning set forth in Section 3.2(b).

      

      “BUSINESS
        DAY” means any day other than Saturday, Sunday or any day on which banks in Las
        Vegas, Nevada are required or authorized to be closed.

      

      “CLAIM
        NOTICE” means written notification pursuant to Section 7.2(a) of a Third-Party
        Claim as to which indemnity under Section 7.1 is sought by an Indemnified
        Party,
        enclosing a copy of all papers served, if any, and specifying the nature
        of and
        basis for such Third-Party Claim and for the Indemnified Party’s claim against
        the Indemnifying Party under Section 7.1, together with the amount or, if
        not
        then reasonably ascertainable, the estimated amount, determined in good faith,
        of the Indemnified Party’s Losses in respect of such Third-Party
        Claim.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      “CLOSING”
        has the meaning set forth in Section 3.1.

      

      “CLOSING
        DATE” has the meaning set forth in Section 3.1.

      

      “COMPETITIVE
        PRODUCT” means any product that competes directly with the use, potential use,
        or expected use of the Assets, or any part thereof.

      

      “CONTRACT”
        means any agreement, lease, debenture, note, bond, evidence of Indebtedness,
        mortgage, indenture, security agreement, option or other contract or commitment
        (whether written or oral).

      

      “DISPUTE
        NOTICE” means a written notice provided by any party against which
        indemnification is sought under this Agreement to the effect that such party
        disputes its indemnification obligation under this Agreement.

      

      “DISPUTE
        PERIOD” means the period ending thirty calendar days following receipt by an
        Indemnifying Party of either a Claim Notice or an Indemnity Notice.

      

      “GAAP”
        means United States generally accepted accounting principles as in effect
        from
        time to time, consistently applied throughout the specified period and all
        prior
        comparable periods.

      

      “GOVERNMENTAL
        ENTITY” means any government or political subdivision thereof, whether foreign
        or domestic, federal, state, provincial, county, local, municipal or regional,
        or any other governmental entity, any agency, authority, department, division
        or
        instrumentality of any such government, political subdivision or other
        governmental entity, any court, arbitral tribunal or arbitrator, and any
        nongovernmental regulating body, to the extent that the rules, regulations
        or
        orders of such body have the force of Law.

      

      “INDEBTEDNESS”
        means, as to any Person: (i) all obligations, whether or not contingent,
        of such
        Person for borrowed money (including, without limitation, reimbursement and
        all
        other obligations with respect to surety bonds, letters of credit and bankers’
        acceptances, whether or not matured), (ii) all obligations of such Person
        evidenced by notes, bonds, debentures, capitalized leases or similar
        instruments, (iii) all obligations of such Person representing the balance
        of
        deferred purchase price of property or services, (iv) all interest rate and
        currency swaps, caps, collars and similar agreements or hedging devices under
        which payments are obligated to be made by such Person, whether periodically
        or
        upon the happening of a contingency, (v) all indebtedness created or arising
        under any conditional sale or other title retention Contract with respect
        to
        property acquired by such Person (even though the rights and remedies of
        the
        seller or lender under such Contract in the event of default are limited
        to
        repossession or sale of such property), (vi) all indebtedness secured by
        any
        Lien on any property or asset owned or held by such Person regardless of
        whether
        the indebtedness secured thereby shall have been assumed by such Person or
        is
        non-recourse to the credit of such Person, and (vii) all indebtedness referred
        to in clauses (i) through (vi) above of any other Person that is guaranteed,
        directly or indirectly, by such Person.

      

      “INDEMNIFIED
        PARTY” means any Person claiming indemnification under any provision of Article
        VII.

      

      “INDEMNIFYING
        PARTY” means any Person against whom a claim for indemnification is being
        asserted under any provision of Article VII.

      

      “INDEMNITY
        NOTICE” means written notification pursuant to Section 7.2(b) of a claim for
        indemnification under Article VII by an Indemnified Party, specifying the
        nature
        of and basis for such claim, together with the amount or, if not then reasonably
        ascertainable, the estimated amount, determined in good faith, of the
        Indemnified Party’s Losses in respect of such claim.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

      “INTELLECTUAL
        PROPERTY” means: all (i) discoveries and inventions (whether patentable or
        unpatentable and whether or not reduced to practice), all improvements thereto,
        and all United States, international, and foreign patents, patent applications
        (either filed or in preparation for filing), patent disclosures and statutory
        invention registrations, including all reissuances, divisions, continuations,
        continuations in part, extensions and reexaminations thereof, all rights
        therein
        provided by international treaties or conventions, (ii) trademarks, service
        marks, trade dress, logos, trade names, corporate names, and other source
        identifiers (whether or not registered) including all common law rights,
        all
        registrations and applications for registration (either filed or in preparation
        for filing) thereof, all rights therein provided by international treaties
        or
        conventions, and all renewals of any of the foregoing, (iii) all copyrightable
        works and copyrights (whether or not registered), all registrations and
        applications for registration thereof, all rights therein provided by
        international treaties or conventions, and all data and documentation relating
        thereto, (iv) confidential and proprietary information, trade secrets, know-how
        (whether patentable or nonpatentable and whether or not reduced to practice),
        processes and techniques, research and development information including
        patent
        and/or copyright searches conducted by Seller and/or any third party, ideas,
        technical data, designs, drawings and specifications, (v) Software, (vi)
        coded
        values, formats, data and historical or current databases, whether or not
        copyrightable, (vii) domain names, Internet websites or identities used or
        held
        for use by the Seller, (viii) other proprietary rights relating to any of
        the
        foregoing (including without limitation any and all associated goodwill and
        remedies against infringements thereof and rights of protection of an interest
        therein under the laws of all jurisdictions), and (ix) copies and tangible
        embodiments of any of the foregoing.

      

      “IP
        ASSIGNMENT” has the meaning set forth in Section 3.2(c).

      

      “KNOWLEDGE”
        means the actual or constructive knowledge after due inquiry of any current
        officer of the Seller.

      

      “LAWS”
        means all laws, statutes, rules, regulations, ordinances and other
        pronouncements having the effect of law of the United States, any foreign
        country or any domestic or foreign state, county, city or other political
        subdivision or of any Governmental Entity.

      

      “LIABILITY”
        means all Indebtedness, obligations and other Liabilities of a Person, whether
        absolute, accrued, contingent, fixed or otherwise, and whether due or to
        become
        due (including for Taxes).

      

      “LIEN”
        means any mortgage, pledge, assessment, security interest, lease, lien, adverse
        claim, levy, charge or other encumbrance of any kind, whether voluntary or
        involuntary (including any conditional sale Contract, title retention Contract
        or Contract committing to grant any of the foregoing).

      

      “LOSS”
        means any and all damages, fines, fees, penalties, deficiencies, losses and
        expenses (including, without limitation, all interest, court costs, fees
        and
        expenses of attorneys, accountants and other experts or other expenses of
        litigation or other proceedings or of any claim, default or
        assessment).

      

      “MATERIAL
        ADVERSE EFFECT” means any material adverse effect on the condition, operations,
        business, prospects or results of sales of the Seller; PROVIDED, HOWEVER,
        that
        any adverse effect arising out of or resulting from the entering into of
        this
        Agreement or the consummation of the transactions contemplated hereby, shall
        be
        excluded in determining whether a Material Adverse Effect has
        occurred.

      

      “ORDER”
        means any writ, judgment, decree, injunction or similar order of any
        Governmental Entity (in each case whether preliminary or
        final).

      “PERSON”
        means any individual, partnership, limited liability company, corporation,
        association, joint stock company, trust, estate, joint venture, unincorporated
        organization, Governmental Entity or any other entity of any kind.

      

      “PURCHASE
        PRICE” has the meaning set forth in Section 2.1.

      

      “PURCHASER”
        has the meaning set forth in the preamble hereto.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

      “PURCHASER
        INDEMNIFIED PARTIES” has the meaning set forth in Section 7.1(a).

      

      “REPRESENTATIVES”
        means, with respect to any Person, the directors, officers, employees, counsel,
        accountants and other authorized representatives of such Person.

      

      “RESOLUTION
        PERIOD” means the period ending thirty days following receipt by an Indemnified
        Party of a Dispute Notice.

      

      “SELLER”
        has the meaning set forth in the preamble hereto.

      

      “SELLER
        INDEMNIFIED PARTIES” has the meaning set forth in Section 7.1(b).

      

      “SOFTWARE”
        means all computer software, including source code, object code,
        machine-readable code, HTML or other markup language, program listings,
        comments, user interfaces, menus, buttons and icons, web applications and
        all
        files, data, manuals, design notes, research and development documents, and
        other items and documentation related thereto or associated
        therewith.

      

      “SOLVENT”
        means, with respect to the Seller, that (a) the Seller is able to pay its
        Liabilities, as they mature in the normal course of business, and (b) the
        fair
        value of the assets of the Seller is greater than the total amount of
        Liabilities of the Seller.

      

      “TAX
        RETURNS” means all returns and reports (including elections, claims,
        declarations, disclosures, schedules, estimates, computations and information
        returns) required to be supplied to a tax authority in any jurisdiction relating
        to Taxes.

      

      “TAXES”
        means all federal, state, local and foreign income, profits, franchise, license,
        social security, transfer, registration, estimated, gross receipts,
        environmental, customs duty, capital stock, severance, stamp, payroll, sales,
        employment, unemployment, disability, use, property, withholding, excise,
        production, value added, occupancy and other taxes, duties or assessments
        of any
        nature whatsoever together with all interest, penalties, fines and additions
        to
        tax imposed with respect to such amounts and any interest in respect of such
        penalties and additions to tax.

      

      “THIRD-PARTY
        CLAIM” has the meaning set forth in Section 7.2(a).

       

      “TRANSFER
        TAXES” means all sales, use, value added, excise, registration, documentary,
        stamps, transfer, real property transfer, recording, gains, stock transfer
        and
        other similar Taxes and fees. 

      

      (b)
        For
        purposes of this Agreement, except as otherwise expressly provided herein
        or
        unless the context otherwise requires: (i) words using the singular or plural
        number also include the plural or singular number, respectively, and the
        use of
        any gender herein shall be deemed to include the other genders; (ii) references
        herein to “Articles”, “Sections”, “subsections” and other subdivisions without
        reference to a document are to the specified Articles, Sections, subsections
        and
        other subdivisions of this Agreement; (iii) a reference to a subsection without
        further reference to a Section is a reference to such subsection as contained
        in
        the same Section in which the reference appears, and this rule shall also
        apply
        to other subdivisions within a Section or subsection; (iv) the words “herein”,
“hereof”, “hereunder”, “hereby” and other words of similar import refer to this
        Agreement as a whole and not to any particular provision; and (v) the words
        “include”, “includes” and “including” are deemed to be followed by the phrase
“without limitation”. All accounting terms used herein and not expressly defined
        herein shall have the meanings given to them under GAAP.

      

      ARTICLE
        II

      PURCHASE
        AND SALE OF ASSETS

      

      2.1
        PURCHASE AND SALE OF ASSETS.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

      (a)
        At
        the Closing, as hereinafter defined, Purchaser shall pay Seller for the Assets
        the price of four hundred thousand ($400,000.00) (the “PURCHASE PRICE”) payable
        as follows: (i) ten thousand ($10,000) upon execution of this Agreement,
        (ii)
        ninety thousand ($90,000.00) in cash at the Closing; (iii) sixty-five thousand
        dollars ($65,000.00) in cash within thirty (30) days of the Closing; (iv)
        fifty
        thousand dollars ($50,000.00) cash within sixty (60) days of the Closing;
        and
        (v) the balance of one hundred eighty-five thousand dollars ($185,000.00)
        shall
        be paid to Seller by the issuance of common stock of Purchaser, with the
        public
        market value of one hundred eighty-five thousand dollars ($185,000.00), within
        ninety (90) days of the Closing. The number of shares of said common stock
        shall
        be determined in accordance with the market price of the day immediately
        preceding the execution date of this Agreement.

      

      (b)
        In
        consideration of the payment by the Purchaser of the PURCHASE PRICE, the
        Seller
        hereby agrees to sell, convey, transfer, assign, grant and deliver to the
        Purchaser, and the Purchaser hereby agrees to purchase, acquire and accept
        from
        the Seller, at the Closing, all of the Seller’s right, title and interest in and
        to all of the Assets, free and clear of all Liens. The term “ASSETS” means: (a)
        the software assets set forth on Schedule 2.1 attached hereto; (b) all
        Intellectual Property as set forth on Schedule 2.1 attached hereto; (c) all
        rights to causes of action, lawsuits, judgments, claims and demands of any
        nature available to or being pursued by the Seller with respect to (a) above,
        whether arising by way of counterclaim or otherwise; and (d) a list of any
        end-users of the Assets that have licensed such products or received such
        products from Seller, which list shall include the product received, the
        platform on which it is used and the term of the license.

      

      2.2
        ASSUMPTION OF LIABILITIES. For greater certainty, the Purchaser assumes no
        Liabilities relating to the Assets or the Seller or the Seller’s business
        (including Tax Liabilities).

      

      2.3
        ALLOCATION. The sum of the Purchase Price shall be allocated as soon as possible
        after the Closing but in no event later than ninety days following the Closing
        among the Assets pursuant to the joint agreement of the Seller and the
        Purchaser. The parties hereto shall each report federal, state, local and
        other
        Tax consequences of the purchase and sale contemplated hereby in a manner
        consistent with such allocation, and neither party hereto shall take any
        position in any Tax Return, or other filing, proceeding or audit or otherwise
        inconsistent with such allocation.

      

      ARTICLE
        III

      THE
        CLOSING

      

      3.1
        CLOSING. The closing of the transactions contemplated hereby (the “CLOSING”)
        shall take place sixty (60) days from the date of this Agreement at the offices
        of Purchaser commencing at 10:00 a.m. P.T., or such other date as the parties
        hereto may mutually determine in writing (the “CLOSING DATE”).

      

      3.2
        DELIVERY OF ITEMS BY THE SELLER. The Seller shall deliver to the Purchaser
        at
        the Closing the items listed below:

      

      (a)
        a
        certificate, duly executed by an authorized officer of the Seller, certifying
        the satisfaction of the conditions set forth in Sections 6.1(c), (d), (e)
        and
        (g);

      

      (b)
        a
        Bill of Sale and General Assignment for the Assets, duly executed by the
        Seller,
        in the form attached hereto as EXHIBIT A (the “BILL OF SALE”);

      

      (c)
        an
        intellectual property assignment, duly executed by the Seller, in the form
        attached hereto as EXHIBIT B (the “IP ASSIGNMENT”); and

       

      (d)
        such
        other documents and instruments as the Purchaser may reasonably
        request.

      

      3.3
        DELIVERY OF ITEMS BY THE PURCHASER. The Purchaser shall deliver to the Seller
        at
        the Closing the items listed below:

      

      (a)
        a
        certificate duly executed by the authorized officer of the Purchaser, certifying
        the satisfaction of the conditions set forth in Sections 6.2(c) and
        (d);

      

      (b)
        such
        other documents and instruments as the Seller may reasonably
        request.

      

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      ARTICLE
        IV

      REPRESENTATIONS
        AND WARRANTIES OF THE SELLER

      

      As
        an
        inducement to the Purchaser to enter into this Agreement, the Seller represents
        and warrants to the Purchaser as follows:

      

      4.1
        ORGANIZATION, QUALIFICATION AND CORPORATE POWER. The Seller is a corporation
        duly organized, validly existing and in good standing under the Laws of the
        State of Delaware and has full corporate power and authority to own its
        properties and assets and to carry on its business as it is now being conducted.
        The Seller is duly qualified or licensed as a foreign corporation to do
        business, and is in good standing, in each jurisdiction where the character
        of
        the properties or assets owned, leased or operated by it or the nature of
        its
        activities makes such qualification or licensing necessary, except where
        the
        failure to be so qualified or licensed would not have a Material Adverse
        Effect.

      

      4.2
        AUTHORIZATION. The Seller has full power and authority to execute and deliver
        this Agreement and the Ancillary Agreements and to perform its obligations
        hereunder and thereunder. The execution, delivery and performance by the
        Seller
        of this Agreement and the Ancillary Agreements and the consummation of the
        transactions contemplated hereby and thereby have been duly authorized by
        the
        Seller’s board of directors and no other corporate action is required on the
        part of the Seller in connection with the execution, delivery or performance
        of
        this Agreement and the Ancillary Agreements or the consummation of the
        transactions contemplated hereby and thereby. This Agreement and the Ancillary
        Agreements have been duly executed and delivered by the Seller and, assuming
        the
        due authorization, execution and delivery hereto and thereof by the Purchaser,
        constitute the valid and legally binding obligations of the Seller enforceable
        in accordance with their respective terms.

      

      4.3
        NONCONTRAVENTION.

      

      (a)
        Neither the execution, delivery or performance of this Agreement or the
        Ancillary Agreements nor the consummation of the transactions contemplated
        hereby or thereby will, with or without the giving of notice or the lapse
        of
        time or both, (i) violate any provision of the certificate of incorporation
        or
        bylaws of the Seller, (ii) violate any Law or Order or other restriction
        of any
        Governmental Entity to which the Seller may be subject or (iii) conflict
        with,
        result in a breach of, constitute a default under, result in the acceleration
        of
        any right or obligation under, create in any party the right to accelerate,
        terminate, modify, cancel, require any notice under or result in the creation
        of
        a Lien on any of the Assets under, any Contract to which the Seller is a
        party
        or by which it is bound and to which any of its Assets is subject.

      

      (b)
        The
        execution and delivery of this Agreement and the Ancillary Agreements by
        the
        Seller do not, and the performance of this Agreement and the Ancillary
        Agreements by the Seller and the consummation of the transactions contemplated
        hereby and thereby will not, require any consent, approval, authorization
        or
        permit of, or filing with or notification to, any Governmental
        Entity.

      

      4.4
        LITIGATION. There is no pending or, to the Knowledge of the Seller, threatened
        Action against or affecting the Assets. Neither the Seller nor the Assets
        are
        subject to any Order restraining, enjoining or otherwise prohibiting or making
        illegal any action by the Seller, this Agreement or any of the transactions
        contemplated hereby.

      

      4.5
        CONTRACTS. Except as disclosed on SCHEDULE 4.5, there are no executory Contracts
        (whether license agreements, development agreements or otherwise), to which
        any
        of the Assets are bound or subject (other than this Agreement).

      

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

      4.6
        INTELLECTUAL PROPERTY.

      

      (a)
        SCHEDULE 4.6 contains a list of all patent and/or copyrights applications
        therefor filed by Seller with respect to the Assets and all licenses, if
        any,
        relating to the foregoing patent and/or copyrights applications therefor.
        SCHEDULE 4.6 identifies the owner of each item listed thereon and, in the
        case
        of registrations and applications, the application or registration number
        and
        date. The Seller has not taken any action that could result in any of the
        registrations and applications for registration for the Assets not being
        valid
        and in full force and effect.

      

      (b)
        Except as disclosed on SCHEDULE 4.6, the Seller is the sole and exclusive
        owner
        of, and has good and marketable title to, all of the Intellectual Property
        in
        and to the Assets, including the Intellectual Property set forth on SCHEDULE
        4.6, free and clear of all Liens. Except as disclosed on SCHEDULE 4.6, the
        Seller has sole and exclusive right to develop, perform, use, create derivative
        works of, operate, reproduce, market, sell, license, display, distribute,
        publish and transmit the Intellectual Property in and to the Assets. Upon
        the
        Closing, except as disclosed on SCHEDULE 4.6, the Purchaser will have sole
        and
        exclusive right, title and interest in and to the Intellectual Property in
        and
        to the Assets, such that the Purchaser shall thereafter have sole and exclusive
        rights to perform, reproduce, create derivative works of, develop, use, operate,
        market, sell, license, display, publish, transmit and distribute the Assets,
        free of all encumbrances. The Seller has taken reasonable measures to protect
        the proprietary nature of the Intellectual Property in and to the Assets
        and to
        maintain in confidence the trade secrets and confidential information that
        it
        owns or uses. Except as disclosed on SCHEDULE 4.6, no other Person has any
        rights to any of Intellectual Property in and to the Assets and, to the
        knowledge of the Seller, no other Person is infringing, violating or
        misappropriating any of the Intellectual Property in and to the
        Assets.

      

      (c)
        With
        respect to the Seller’s Intellectual Property contributed to the Assets, such
        Intellectual Property does not infringe upon, violate or constitute a
        misappropriation of any Intellectual Property or other right of any other
        Person. In addition, to Seller’s knowledge, none of the activities or business
        presently conducted by the Seller with respect to the Assets infringes or
        violates, or constitutes a misappropriation of, any Intellectual Property
        or
        other right of any other Person. Neither the Seller nor any Affiliate of
        the
        Seller has received any written complaint, claim or notice alleging any such
        infringement, violation or misappropriation. Further, neither the Seller
        nor any
        Affiliate of the Seller has disclosed to any Person, any source code, or
        any
        portion or aspect of any source code, which is part of the Assets, including
        the
        Intellectual Property.

      

      4.7
        PROPRIETARY INFORMATION AND INVENTIONS AGREEMENTS. Each employee, officer
        and
        consultant of the Seller that has had any involvement or participation in
        the
        creation of any of the Assets has executed a proprietary nondisclosure,
        nonsolicitation and assignment of intellectual property agreement or similar
        agreement. The Seller is not aware that any of the Seller’s employees, officers
        or consultants are in violation of the terms thereof.

      

      4.8
        BROKERS’ FEES. No agent, broker, finder, investment banker, financial advisor or
        other similar Person will be entitled to any fee, commission or other
        compensation in connection with any of the transactions contemplated by this
        Agreement on the basis of any act or statement made or alleged to have been
        made
        by the Seller, any of its Affiliates, or any investment banker, financial
        advisor, attorney, accountant or other Person retained by or acting for or
        on
        behalf of the Seller or any such Affiliate.

      

      4.9
        COMPLIANCE WITH LAWS. The Seller is not in violation of, has not violated
        and,
        to the Knowledge of the Seller, is not under investigation with respect to
        any
        possible violation of, and has not been threatened to be charged with any
        violation of, any Order of Law applicable to the Assets.

      

      4.10
        TITLE TO ASSETS. Except as to Intellectual Property (which warranty is contained
        in Section 4.6): (i) the Seller has good and marketable title to all of the
        Assets free and clear of all Liens; (ii) this Agreement and the instruments
        of
        transfer to be executed and delivered pursuant hereto will effectively vest
        in
        the Purchaser good and marketable title to all of the Assets free and clear
        of
        all Liens; (iii) and no Person other than the Seller has any ownership interest
        in any of the Assets.

      

      4.11
        SOLVENCY. The Seller is and, after consummation of the transactions contemplated
        by this Agreement, will be Solvent.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

      4.12
        DISCLOSURE. The representations and warranties on the part of the Seller
        contained in this Agreement, and the statements contained in any of the
        Schedules or in any certificates furnished to the Purchaser pursuant to any
        provisions of this Agreement, including pursuant to Article VI hereof, do
        not
        contain any untrue statement of a material fact or omits to state a material
        fact necessary in order to make the statements herein or therein, in light
        of
        the circumstances under which they were made, not misleading.

      

      ARTICLE
        V

      REPRESENTATIONS
        AND WARRANTIES OF THE PURCHASER

      

      As
        an
        inducement to the Seller to enter into this Agreement, the Purchaser represents
        and warrants to the Seller as follows:

      

      5.1
        ORGANIZATION. The Purchaser is a corporation duly organized, validly existing
        and in good standing under the Laws of the State of Delaware, and has full
        corporate power and authority to own its properties and assets and to carry
        on
        its business as it is now being conducted. 

      

      5.2
        AUTHORIZATION. The Purchaser has full power and authority to execute and
        deliver
        this Agreement and the Ancillary Agreements and to perform its obligations
        hereunder and thereunder. The execution, delivery and performance by the
        Purchaser of this Agreement and the Ancillary Agreements and the consummation
        of
        the transactions contemplated hereby and thereby have been duly authorized
        by
        the Purchaser’s board of directors and no other corporate action is required on
        the part of the Purchaser in connection with the execution, delivery or
        performance of this Agreement and the Ancillary Agreements or the consummation
        of the transactions contemplated hereby and thereby. This Agreement and the
        Ancillary Agreements have been duly executed and delivered by the Purchaser
        and,
        assuming the due authorization, execution and delivery hereof and thereof
        by the
        Seller, constitute the valid and legally binding obligations of the Purchaser
        enforceable in accordance with their respective terms.

      

      5.3
        NONCONTRAVENTION.

      

      (a)
        Neither the execution, delivery or performance of this Agreement or the
        Ancillary Agreements, nor the consummation of the transactions contemplated
        hereby or thereby will, with or without the giving of notice or the lapse
        of
        time or both, (i) violate any provision of the certificate of incorporation
        or
        bylaws of the Purchaser or (ii) violate any Law or Order or other restriction
        of
        any Governmental Entity to which the Purchaser may be subject.

      

      (b)
        The
        execution and delivery of this Agreement and the Ancillary Agreements by
        the
        Purchaser do not, and the performance of this Agreement and the Ancillary
        Agreements by the Purchaser and the consummation of the transactions
        contemplated hereby and thereby will not, require any consent, approval,
        authorization or permit of, or filing with or notification to, any Governmental
        Entity.

      

      5.4
        BROKERS’ FEES. No agent, broker, finder, investment banker, financial advisor or
        other similar Person will be entitled to any fee, commission or other
        compensation in connection with any of the transactions contemplated by this
        Agreement on the basis of any act or statement made or alleged to have been
        made
        by the Purchaser, any of its Affiliates, or any investment banker, financial
        advisor, attorney, accountant or other Person retained by or acting for or
        on
        behalf of the Purchaser or any such Affiliate.

      

      ARTICLE
        VI

      CONDITIONS
        TO OBLIGATION TO CLOSE

      

      6.1
        CONDITIONS TO CLOSING BY THE PURCHASER. The obligation of the Purchaser to
        effect the transactions contemplated hereby is subject to the satisfaction
        or
        waiver by the Purchaser of the following conditions:

       

      (a)
        The
        representations and warranties of the Seller set forth in this Agreement
        shall
        be true and correct in all material respects, with respect to representations
        and warranties not qualified by materiality, or in all respects, with respect
        to
        representations and warranties qualified by materiality, as of the date of
        this
        Agreement and as of the Closing Date as though made on and as of the Closing
        Date.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

      (b)
        The
        Seller shall have performed in all material respects the covenants required
        to
        be performed by it under this Agreement at or prior to the Closing
        Date.

      

      (c)
        The
        board of directors of the Seller shall have approved this Agreement and the
        Ancillary Agreements and the transactions contemplated hereby and
        thereby.

         

      (d)
        The
        Seller shall have executed and delivered each of the Ancillary
        Agreements.

      

      (e)
        There
        shall be no effective or pending Law or Order that would prohibit the Closing,
        and the Seller shall have obtained all necessary approvals of any Governmental
        Entities in connection with the transactions contemplated hereby and by the
        Ancillary Agreements.

      

      (f)
        The
        Seller shall have delivered each of the items described in Section
        3.2.

      

      (g)
        The
        Seller shall have delivered to the Purchaser a duly completed and executed
        certification pursuant to Section 1.445-2(b)(2) of the Treasury regulations
        certifying that the Seller is not a foreign person.

      

      (h)
        Purchaser shall have until the end of the thirtieth (30th))
        day
        following the date of this Agreement to conduct such investigations and studies
        of the Assets as Purchaser shall determine to be necessary or appropriate.
        Seller agrees that Purchaser and Purchaser’s agents shall have access to the
        Assets (including the Intellectual Property) at all reasonable times during
        this
        due diligence period for the purpose of conducting its feasibility and other
        studies and investigations of the Assets. Within three (3) days after the
        date
        of this Agreement, Seller shall provide to Buyer any and all documents requested
        by Purchaser and relating to the Assets including the Intellectual Property.
        If
        requested by Purchaser, Seller shall cooperate with Purchaser to facilitate
        meetings between Buyer and its Representatives and Seller and its
        Representatives regarding such investigations and studies of the Assets
        including the Intellectual Property. If Purchaser is not satisfied with the
        Assets or the feasibility of purchasing the Assets, for any reason whatsoever,
        then Purchaser shall have the absolute and unconditional right to terminate
        this
        Agreement. If Purchaser elects to terminate this Agreement, the Purchaser
        shall
        deliver written notice to Seller of its intention within seven (7) days after
        the expiration of the due diligence period of thirty (30) days from the date
        of
        this Agreement. Should Purchaser issue such notice, then this Agreement shall
        automatically terminate whereupon the parties shall be relieved of any and
        all
        further obligations hereunder. If Purchaser does not issue such notice, then
        Purchaser will have deemed to have elected to go forward with the acquisition
        of
        the Assets pursuant to this Agreement.

       

      6.2
        CONDITIONS TO CLOSING BY THE SELLER. The obligation of the Seller to effect
        the
        transactions contemplated hereby is subject to the satisfaction or waiver
        by the
        Seller of the following conditions:

      

      (a)
        The
        representations and warranties of the Purchaser set forth in this Agreement
        shall be true and correct in all material respects, with respect to
        representations and warranties not qualified by materiality, and in all
        respects, with respect to representations and warranties qualified by
        materiality, in each case as of the date of this Agreement and as of the
        Closing
        Date as though made on and as of the Closing Date.

      

      (b)
        The
        Purchaser shall have performed in all material respects the covenants required
        to be performed by it under this Agreement at or prior to the Closing
        Date.

      

      (c)
        The
        Purchaser shall have executed and delivered each of the Ancillary
        Agreements.

       

      (d)
        There
        shall be no effective or pending Law or Order that would prohibit the Closing,
        and the Purchaser shall have obtained all necessary approvals of any
        Governmental Entities in connection with the transactions contemplated hereby
        and by the Ancillary Agreements.

      

      (e)
        The
        Purchaser shall have delivered each of the items described in Section
        3.3.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

      ARTICLE
        VII

      INDEMNIFICATION

      

      7.1
        INDEMNIFICATION OBLIGATIONS.

      

      (a)
        Seller shall indemnify the Purchaser and its officers, directors, employees,
        agents and Affiliates (collectively, the “PURCHASER INDEMNIFIED PARTIES”) in
        respect of, and hold each harmless from and against, any and all Losses
        suffered, incurred or sustained by any of them or to which any of them becomes
        subject, resulting from, arising out of or relating to (i) any misrepresentation
        or breach of representation or warranty on the part of the Seller contained
        in
        this Agreement, (ii) any nonfulfillment of or failure to perform any covenant
        or
        agreement on the part of the Seller contained in this Agreement, and (iii)
        any
        Liabilities of the Seller.

      

      (b)
        Purchaser shall indemnify the Seller and its officers, directors, employees,
        agents and Affiliates (collectively, the “SELLER INDEMNIFIED PARTIES”) in
        respect of, and hold each harmless from and against, any and all Losses
        suffered, incurred or sustained by it or to which it becomes subject, resulting
        from, arising out of or relating to (i) any misrepresentation or breach of
        representation or warranty on the part of the Purchaser contained in this
        Agreement and (ii) any nonfulfillment of or failure to perform any covenant
        or
        agreement on the part of the Purchaser contained in this Agreement.

      

      (c)
        For
        purposes of indemnification under this Article VII only, all qualifications
        as
        to materiality and/or Material Adverse Effect contained in any representation
        or
        warranty shall be disregarded.

      

      7.2
        METHOD OF ASSERTING CLAIMS. Claims for indemnification by an Indemnified
        Party
        under Section 7.1 will be asserted and resolved as follows:

      

      (a)
        THIRD-PARTY CLAIMS. In the event that any claim or demand in respect of which
        an
        Indemnified Party might seek indemnification under Section 7.1 in respect
        of,
        arising out of or involving a claim or demand made by any Person not a party
        to
        this Agreement against an Indemnified Party (a “THIRD-PARTY CLAIM”), the
        Indemnified Party shall deliver a Claim Notice to the Indemnifying Party
        within
        sixty (60) days after receipt by such Indemnified Party of written notice
        of the
        Third Party Claim. If the Indemnified Party fails to provide the Claim Notice
        within such time period, the Indemnifying Party will not be obligated to
        indemnify the Indemnified Party with respect to such Third-Party Claim to
        the
        extent that the Indemnifying Party’s ability to defend is actually prejudiced by
        such failure of the Indemnified Party. The Indemnifying Party will notify
        the
        Indemnified Party as soon as practicable within the Dispute Period whether
        the
        Indemnifying Party accepts or disputes its liability to the Indemnified Party
        under Section 7.1 and whether the Indemnifying Party desires, at its sole
        cost
        and expense, to defend the Indemnified Party against such Third-Party
        Claim.

      

      (i)
        DEFENSE BY INDEMNIFYING PARTY. If the Indemnifying Party notifies the
        Indemnified Party within the Dispute Period that the Indemnifying Party desires
        to defend the Indemnified Party with respect to the Third-Party Claim pursuant
        to this Section 7.2, then the Indemnifying Party will have the right to defend,
        with counsel reasonably satisfactory to the Indemnified Party, at the sole
        cost
        and expense of the Indemnifying Party, such Third-Party Claim by all appropriate
        proceedings, which proceedings will be vigorously and diligently prosecuted
        or
        defended by the Indemnifying Party to a final conclusion or will be settled
        at
        the discretion of the Indemnifying Party (but only with the consent of the
        Indemnified Party in its sole discretion in the case of any settlement that
        provides for any relief other than the payment of monetary damages or that
        provides for the payment of monetary damages as to which the Indemnified
        Party
        will not be indemnified in full pursuant to Section 7.1). Subject to the
        immediately preceding sentence, the Indemnifying Party will have full control
        of
        such defense and proceedings, including any compromise or settlement thereof;
        PROVIDED, HOWEVER, that the Indemnified Party may, at the cost and expense
        of
        the Indemnifying Party, at any time prior to the Indemnifying Party’s delivery
        of notice to assume the defense of such Third Party Claim, file any motion,
        answer or other pleadings or take any other action that the Indemnified Party
        reasonably believes to be necessary or appropriate to protect its interests.
        The
        Indemnifying Party shall not be liable to the Indemnified Party for legal
        expenses incurred by the Indemnified Party in connection with the defense
        of
        such Third Party Claim after the Indemnifying Party’s delivery of notice to
        assume the defense. In addition, if requested by the Indemnifying Party,
        the
        Indemnified Party will, at the sole cost and expense of the Indemnifying
        Party,
        provide reasonable cooperation to the Indemnifying Party in contesting any
        Third-Party Claim that the Indemnifying Party elects to contest.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

      (ii)
        DEFENSE BY INDEMNIFIED PARTY. If the Indemnifying Party fails to notify the
        Indemnified Party within the Dispute Period that the Indemnifying Party desires
        to assume the defense of the Third-Party Claim, or if the Indemnifying Party
        fails to give any notice whatsoever within the Dispute Period, then the
        Indemnified Party will have the right to defend, at the sole cost and expense
        of
        the Indemnifying Party, the Third-Party Claim by all appropriate proceedings,
        which proceedings will be prosecuted by the Indemnified Party in good faith
        or
        will be settled at the discretion of the Indemnified Party. The Indemnified
        Party will have full control of such defense and proceedings, including any
        compromise or settlement thereof; PROVIDED, HOWEVER, that if requested by
        the
        Indemnified Party, the Indemnifying Party will, at the sole cost and expense
        of
        the Indemnifying Party, provide reasonable cooperation to the Indemnified
        Party
        and its counsel in contesting any Third-Party Claim which the Indemnified
        Party
        is contesting. Notwithstanding the foregoing provisions of this Section 7.2,
        if
        the Indemnifying Party has notified the Indemnified Party within the Dispute
        Period that the Indemnifying Party disputes its liability hereunder to the
        Indemnified Party with respect to such Third-Party Claim and if such dispute
        is
        resolved in all respects in favor of the Indemnifying Party in the manner
        provided in clause (iii) below, the Indemnifying Party will not be required
        to
        bear the costs and expenses of the Indemnified Party’s defense pursuant to this
        Section 7.2 or of the Indemnifying Party’s participation therein at the
        Indemnified Party’s request. The Indemnifying Party may participate in, but not
        control, any defense or settlement controlled by the Indemnified Party pursuant
        to this Section 7.2, and the Indemnifying Party will bear its own costs and
        expenses with respect to such participation.

      

      (iii)
        ACCEPTANCE BY INDEMNIFYING PARTY. If the Indemnifying Party notifies the
        Indemnified Party that it accepts its indemnification liability to the
        Indemnified Party with respect to the Third-Party Claim under Section 7.1,
        the
        Loss identified in the Claim Notice, as finally determined, will be conclusively
        deemed a liability of the Indemnifying Party under Section 7.1 and the
        Indemnifying Party shall pay the amount of such Loss to the Indemnified Party
        on
        demand. If the Indemnifying Party timely disputes its liability with respect
        to
        such Third-Party Claim or fails to notify the Indemnified Party within the
        Dispute Period whether the Indemnifying Party disputes its liability to the
        Indemnified Party with respect to such Third-Party Claim, the Indemnifying
        Party
        and the Indemnified Party will proceed in good faith to negotiate a resolution
        of such dispute, and if not resolved through negotiations with the Resolution
        Period, such dispute shall be resolved by litigation in a court of competent
        jurisdiction.

      

      (b)
        NON-THIRD PARTY CLAIMS. In the event any Indemnified Party should have a
        claim
        under Section 7.1 against any Indemnifying Party that does not involve a
        Third-Party Claim, the Indemnified Party shall deliver an Indemnity Notice
        with
        reasonable promptness to the Indemnifying Party. The failure or delay by
        any
        Indemnified Party to give the Indemnity Notice shall not impair such party’s
        rights hereunder except to the extent that the Indemnifying Party is actually
        prejudiced by such failure or delay. If the Indemnifying Party notifies the
        Indemnified Party that it does not dispute the claim described in such Indemnity
        Notice within the Dispute Period, the Loss indemnified in the Indemnity Notice
        will be conclusively deemed a Liability of the Indemnified Party under Section
        7.1 and the Indemnifying Party shall pay the amount of such Loss to the
        Indemnified Party on demand. If the Indemnifying Party has timely disputed
        its
        liability with respect to such claim or fails to notify the Indemnified Party
        within the Dispute Period whether the Indemnifying Party disputes the claim
        described in such Indemnity Notice, the Indemnifying Party and the Indemnified
        Party will proceed in good faith to negotiate a resolution of such dispute
        and,
        if not resolved through negotiations within the Resolution Period, such dispute
        shall be resolved by litigation in a court of competent
        jurisdiction.

      

      ARTICLE
        VIII

      POST-CLOSING
        COVENANTS

      

      8.1
        NON-COMPETE.

      

      (a)
        The
        Seller acknowledges that reasonable limits on its ability to engage in
        activities competitive with the Purchaser are warranted to protect the
        Purchaser’s substantial investment in the Assets. The Seller further
        acknowledges that Purchaser’s operations (to include the use and utilization of
        the Assets) involve conducting business with, and/or exploiting business
        opportunities in, countries throughout the world, and on worldwide wireless
        networks and the worldwide internet web. As a consequence, Seller acknowledges
        and agrees that a geographical limitation to this non-compete covenant would
        be
        ineffectual and harmless to Purchaser, and Seller waives any right to challenge
        or contest same. Accordingly, the Seller shall not, and shall cause its
        Affiliates not to, directly or indirectly, develop, co-develop, publish,
        co-publish, sell, license or distribute any Competitive Product of the Assets
        during the period commencing on the Closing Date and ending five (5) years
        thereafter. Seller’s ownership of stock of any corporation listed on a national
        securities exchange shall not be deemed a violation of this Section 8.2,
        provided that Seller and its Affiliates collectively do not own more than
        five
        percent (5%) of the voting stock of such corporation.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

      (b)
        Should any portion of Section 8.1(a) be declared by a court of competent
        jurisdiction to be unreasonable, unenforceable or void for any reason or
        reasons, the involved court shall modify Section 8.1(a) so as to be reasonable
        or as is otherwise necessary to make that Section enforceable and
        valid.

      

      8.2
        TRANSFER TAXES. Notwithstanding anything herein to the contrary, Seller shall
        be
        liable for and shall pay any Transfer Taxes or other similar tax imposed
        in
        connection with the transfer of the Assets pursuant to this Agreement. The
        party
        responsible under applicable Law for remitting any such tax shall pay and
        remit
        such tax on a timely basis and, if such party is the Purchaser, the Purchaser
        shall notify the Seller of the amount of such tax, and the Seller promptly
        pay
        to the Purchaser the amount of such tax.

      

      8.3
        FURTHER ACTION. From and after the Closing each of the parties hereto shall
        execute and deliver such documents and take such further actions as may
        reasonably be required to carry out the provisions of this Agreement and
        the
        Ancillary Agreements and to give effect to the transactions contemplated
        hereby
        and thereby, including to give the Purchaser effective ownership and control
        of
        the Assets.

      

      8.4
        CONFIDENTIALITY. From and after the Closing Date, the Seller shall keep
        confidential, and shall inform its Affiliates and their respective
        Representatives of the confidential nature of, any information relating to
        the
        Assets, except for any such information that (a) is available to the public
        on
        the Closing Date, (b) thereafter becomes available to the public other than
        as a
        result of a disclosure by the Seller or any of its Representatives, or (c
        ) is
        or becomes available to the Seller or any of its Representatives on a
        non-confidential basis from a source that to the Seller’s or such
        Representative’s knowledge is not prohibited from disclosing such information to
        the Seller or such Representative by a legal, contractual or fiduciary
        obligation to any other Person. Should the Seller or any such Representative
        be
        required to disclose any such information in response to an Order or as
        otherwise required by Law or administrative process, it shall inform the
        Purchaser in writing of such request or obligation as soon as possible after
        the
        Seller is informed of it and, if possible, before any information is disclosed,
        so that a protective order or other appropriate remedy may be obtained by
        the
        Purchaser. If the Seller or such Representative is obligated to make such
        disclosure, it shall only make such disclosure to the extent to which it
        is so
        obligated, but not further or otherwise.

      

      ARTICLE
        IX

      MISCELLANEOUS

      

      9.1
        SURVIVAL. Notwithstanding any right of the Purchaser (whether or not exercised)
        to investigate the affairs of the Seller or any right of any party (whether
        or
        not exercised) to investigate the accuracy of the representations and warranties
        of the other party contained in this Agreement or the waiver of any condition
        to
        Closing, each of the parties hereto has the right to rely fully upon the
        representations, warranties, covenants and agreements of the other contained
        in
        this Agreement. The representations, warranties, covenants and agreements
        of the
        parties hereto contained in this Agreement and any certificate or other document
        provided hereunder or thereunder will survive the Closing. 

      

      9.2
        PRESS
        RELEASES AND PUBLIC ANNOUNCEMENT. Only Purchaser shall have the right to
        issue a
        press release or make a public announcement relating to this Agreement or
        the
        Ancillary Agreements or the transactions contemplated hereby; PROVIDED, HOWEVER,
        that this Section 9.2 shall not apply to any disclosure required by any
        applicable Law or stock exchange regulation or rule.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

      9.3
        NO
        THIRD-PARTY BENEFICIARIES. The terms and provisions of this Agreement are
        intended solely for the benefit of the parties hereto and their respective
        successors and permitted assigns, and it is not the intention of the parties
        to
        confer third-party beneficiary rights, and this Agreement does not confer
        any
        such rights, upon any other Person, except for any Person entitled to indemnity
        under Article VII.

      

      9.4
        ENTIRE AGREEMENT. This Agreement (including the Exhibits and the Schedules
        hereto) constitute the entire agreement between the parties hereto with respect
        to the subject matter hereof and thereof and supersede any prior understandings,
        agreements or representations by or between the parties hereto, written or
        oral,
        with respect to such subject matter.

      

      9.5
        SUCCESSION AND ASSIGNMENT. This Agreement shall be binding upon and inure
        to the
        benefit of the parties named herein and their respective successors and
        permitted assigns. No party hereto may assign either this Agreement or any
        of
        its rights, interests or obligations hereunder without the prior written
        approval of the other parties hereto, except that the Purchaser may assign
        this
        Agreement or any of its rights, interests or obligations hereunder to any
        Affiliate of the Purchaser.

      

      9.6
        DRAFTING. The parties have participated jointly in the negotiation and drafting
        of this Agreement and, in the event an ambiguity or question of intent or
        interpretation arises, this Agreement shall be construed as if drafted jointly
        by the parties and no presumption or burden of proof shall arise favoring
        or
        disfavoring any party by virtue of the authorship of any of the provisions
        of
        this Agreement.

      

      9.7
        NOTICES. All notices, requests and other communications hereunder must be
        in
        writing and will be deemed to have been duly given only if delivered personally
        against written receipt or by facsimile transmission or mailed (by registered
        or
        certified mail, postage prepaid, return receipt requested) or delivered by
        reputable overnight courier, fee prepaid, to the parties hereto at the following
        addresses or facsimile numbers:

      

      IF
        TO
        SELLER,
        TO:               Paul
        Zain

                                                       8687
        Sahara Blvd. Suite 201

                                                       Las
        Vegas, Nevada, 89117

                                                       ATTN:
        Paul Zain

      

      

      WITH
        A
        COPY TO:            
        ___________________________

                                                     
        ___________________________

                                                     
        ___________________________

       

      IF
        TO
        PURCHASER, TO:   WinWin
        Gaming, Inc.

                                                    
        8687
        Sahara Blvd., Suite 201

                                                    
        Las
        Vegas, Nevada 89117

                                                    
        ATTN:
        Pat
        Rogers 

      

      

      WITH
        A
        COPY TO:           
        Attorney
        Bryan Ridder

                                                    
        107
        S. Champion Street

                                                    
        Youngstown,
        Ohio 44503

       

      Any
        party
        hereto may change the address to which notices, requests, demands, claims
        and
        other communications hereunder are to be delivered by giving the other parties
        hereto notice in the manner set forth herein.

      

      9.8
        GOVERNING LAW. This Agreement shall be governed by, and construed in accordance
        with, the laws of the State of Nevada, without giving effect to any choice
        of
        law or conflict of law provision or rule that would cause the application
        of the
        Laws of any jurisdiction other than the State of Nevada.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

      9.9
        CONSENT TO JURISDICTION AND SERVICE OF PROCESS. EACH OF THE PARTIES HERETO
        CONSENTS TO THE JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED WITHIN
        THE
        COUNTY OF CLARK IN THE STATE OF NEVADA AND IRREVOCABLY AGREES THAT ALL ACTIONS
        OR PROCEEDINGS RELATING TO THIS AGREEMENT, THE ANCILLARY AGREEMENTS OR THE
        TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY MAY BE LITIGATED IN SUCH COURTS.
        EACH OF THE PARTIES HERETO ACCEPTS FOR ITSELF AND IN CONNECTION WITH ITS
        RESPECTIVE PROPERTIES, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF
        THE
        AFORESAID COURTS AND WAIVES ANY DEFENSE OF FORUM NON CONVENIENS, AND IRREVOCABLY
        AGREES TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH THIS
        AGREEMENT, THE ANCILLARY AGREEMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY
        OR
        THEREBY. EACH OF THE PARTIES HERETO FURTHER IRREVOCABLY CONSENTS TO THE SERVICE
        OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR
        PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL,
        POSTAGE PREPAID, TO SUCH PARTY AT THE ADDRESS SPECIFIED IN THIS AGREEMENT,
        SUCH
        SERVICE TO BECOME EFFECTIVE 15 CALENDAR DAYS AFTER SUCH MAILING. NOTHING
        HEREIN
        SHALL IN ANY WAY BE DEEMED TO LIMIT THE ABILITY OF EITHER PARTY HERETO TO
        SERVE
        ANY SUCH LEGAL PROCESS, SUMMONS, NOTICES AND DOCUMENTS IN ANY OTHER MANNER
        PERMITTED BY APPLICABLE LAW OR TO OBTAIN JURISDICTION OVER OR TO BRING ACTIONS,
        SUITS OR PROCEEDINGS AGAINST THE OTHER PARTY HERETO IN SUCH OTHER JURISDICTIONS,
        AND IN SUCH MANNER, AS MAY BE PERMITTED BY ANY APPLICABLE LAW.

      

      9.10
        WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY
        WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS
        AGREEMENT, THE ANCILLARY AGREEMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY
        OR
        THEREBY AND FOR ANY COUNTERCLAIM RELATING THERETO.

      

      9.11
        AMENDMENTS AND WAIVERS. No amendment of any provision of this Agreement shall
        be
        valid unless such amendment is in writing and signed by each of the parties
        hereto. No waiver by any party hereto of any default, misrepresentation or
        breach of warranty or covenant hereunder, whether intentional or not, shall
        be
        deemed to extend to any prior or subsequent default, misrepresentation or
        breach
        of warranty or covenant hereunder or affect in any way any rights arising
        by
        virtue of any prior or subsequent such occurrence. No waiver shall be valid
        unless such waiver is in writing and signed by the party against whom such
        waiver is sought to be enforced.

      

      9.12
        SEVERABILITY. Except as set forth in Section 8.1(b), if any provision of
        this
        Agreement is held to be illegal, invalid or unenforceable under any present
        or
        future Law, and if the rights or obligations of any party hereto under this
        Agreement will not be materially and adversely affected thereby, (a) such
        provision will be fully severable, (b) this Agreement will be construed and
        enforced as if such illegal, invalid or unenforceable provision had never
        comprised a part hereof, (c) the remaining provisions of this Agreement will
        remain in full force and effect and will not be affected by the illegal,
        invalid
        or unenforceable provision or by its severance herefrom and (d) in lieu of
        such
        illegal, invalid or unenforceable provision, there will be added automatically
        as a part of this Agreement a legal, valid and enforceable provision as similar
        in terms of such illegal, invalid or unenforceable provision as may be
        possible.

      

      9.13
        EXPENSES. Except as otherwise expressly set forth herein or therein, each
        of the
        parties hereto will bear its own costs and expenses (including legal fees
        and
        expenses) incurred in connection with this Agreement, the Ancillary Agreements
        and the transactions contemplated hereby or thereby, whether or not the
        transactions contemplated hereby or thereby are consummated.

      

      9.14
        INCORPORATION OF EXHIBITS AND SCHEDULES. The Exhibits, Annexes and Schedules
        identified in this Agreement are incorporated herein by reference and made
        a
        part hereof. Unless otherwise specified, no information contained in any
        particular numbered Schedule shall be deemed to be contained in any other
        numbered Schedule unless explicitly included therein (by cross reference
        or
        otherwise).

      

      9.15
        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 shall be entitled to
        specific performance of the terms hereof in addition to any other remedy
        available to them at law or equity.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

      9.16
        HEADINGS. The descriptive headings contained in this Agreement are included
        for
        convenience of reference only and shall not affect in any way the meaning
        or
        interpretation of this Agreement.

      

      9.17
        COUNTERPARTS. This Agreement may be executed in one or more counterparts,
        and by
        the different parties hereto in separate counterparts, each of which when
        executed shall be deemed to be an original but all of which taken together
        shall
        constitute one and the same agreement.

      

      9.18
        BULK
        SALES LAWS. The parties hereto hereby waive compliance with the bulk sales
        Laws
        of any jurisdiction in which any of the Assets are located or in which any
        operations relating to the Seller’s business are conducted.

      

      IN
        WITNESS WHEREOF, the parties hereto have duly executed this Agreement as
        of the
        date first written above.

       

      
        	
                WITNESS:

                 

                ___________________________

                 

                ___________________________

              	
                WINWIN
                  GAMING, INC.

                 

                By: /s/
                  Patrick
                  Rogers                                   
                   

                 

                Its:                                                                      
                  

              
	 	 
	
              	 
	
                ___________________________

                 

                ___________________________

              	
                BIJOU
                  STUDIOS, INC.

                 
By: /s/
                Paul
                Zain                                            
                 
                 

                
                  Its:

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