Document:

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                                                                    Exhibit 10.1

                          SECURITIES PURCHASE AGREEMENT

      This Securities Purchase Agreement (this "Agreement") is dated as of May
3, 2007, among VendingData Corporation, a Nevada corporation (the "Company"),
and each purchaser identified on the signature pages hereto (each, including its
successors and assigns, a "Purchaser" and collectively the "Purchasers").

                                 R E C I T A L S

      WHEREAS, subject to the terms and conditions set forth in this Agreement
and pursuant to Section 4(2) of the Securities Act of 1933, as amended (the
"Securities Act") and Rule 506 promulgated thereunder, the Company desires to
issue and sell to each Purchaser, and each Purchaser, severally and not jointly,
desires to purchase from the Company, securities of the Company as more fully
described in this Agreement.

                                A G R E E M E N T

      NOW, THEREFORE, IN CONSIDERATION of the mutual covenants contained in this
Agreement, and for other good and valuable consideration the receipt and
adequacy of which are hereby acknowledged, the Company and each Purchaser agree
as follows:

                                   ARTICLE I.
                                   DEFINITIONS

      1.1 Definitions. In addition to the terms defined elsewhere in this
Agreement, for all purposes of this Agreement, the following terms have the
meanings indicated in this Section 1.1:

            "Action" shall have the meaning ascribed to such term in Section
      3.1(j).

            "Affiliate" means any Person that, directly or indirectly through
      one or more intermediaries, controls or is controlled by or is under
      common control with a Person as such terms are used in and construed under
      Rule 144 under the Securities Act. With respect to a Purchaser, any
      investment fund or managed account that is managed on a discretionary
      basis by the same investment manager as such Purchaser will be deemed to
      be an Affiliate of such Purchaser.

            "Business Day" means any day except Saturday, Sunday and any day
      which shall be a federal legal holiday in the United States.

            "Closing" means the Closing of the purchase and sale of the Shares
      pursuant to Section 2.1.

            "Closing Date" means the Business Day when all of the Transaction
      Documents have been executed and delivered by the applicable parties
      thereto, and all conditions precedent to (i) the Purchasers' obligations
      to pay the Subscription Amount and (ii) the Company's obligations to
      deliver the applicable Shares have been satisfied or waived.

            "Commission" means the Securities and Exchange Commission.

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            "Common Stock" means the common stock of the Company, par value
      $0.001 per share, and any other class of securities into which such
      securities may hereafter be reclassified or changed into.

            "Common Stock Equivalents" means any securities of the Company or
      the Subsidiaries which would entitle the holder thereof to acquire at any
      time Common Stock, including, without limitation, any debt, preferred
      stock, rights, options, warrants or other instrument that is at any time
      convertible into or exercisable or exchangeable for, or otherwise entitles
      the holder thereof to receive, Common Stock.

            "Disclosure Schedules" means the Disclosure Schedules of the Company
      delivered in connection with the Closing.

            "Effective Date" means the date that the initial Registration
      Statement filed by the Company pursuant to the Registration Rights
      Agreement is first declared effective by the Commission.

            "Exchange Act" means the Securities Exchange Act of 1934, as
      amended, and the rules and regulations promulgated thereunder.

            "GAAP" shall have the meaning ascribed to such term in Section
      3.1(h).

            "Intellectual Property Rights" shall have the meaning ascribed to
      such term in Section 3.1(o).

            "Liens" means a lien, charge, security interest, encumbrance, right
      of first refusal, preemptive right or other restriction.

            "Material Adverse Effect" shall have the meaning assigned to such
      term in Section 3.1(b).

            "Material Permits" shall have the meaning ascribed to such term in
      Section 3.1(m).

            "Person" means an individual or corporation, partnership, trust,
      incorporated or unincorporated association, joint venture, limited
      liability company, joint stock company, government (or an agency or
      subdivision thereof) or other entity of any kind.

            "Proceeding" means an action, claim, suit, investigation or
      proceeding (including, without limitation, an investigation or partial
      proceeding, such as a deposition), whether commenced or threatened.

            "Registration Rights Agreement" means the Registration Rights
      Agreement, dated the date hereof, among the Company and the Purchasers, in
      the form of Exhibit A attached hereto.

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            "Registration Statement" means a registration statement meeting the
      requirements set forth in the Registration Rights Agreement and covering
      the resale by the Purchasers of the Shares.

            "Required Approvals" shall have the meaning ascribed to such term in
      Section 3.1(e).

            "Rule 144" means Rule 144 promulgated by the Commission pursuant to
      the Securities Act, as such Rule may be amended from time to time, or any
      similar rule or regulation hereafter adopted by the Commission having
      substantially the same effect as such Rule.

            "SEC Reports" shall have the meaning ascribed to such term in
      Section 3.1(h).

            "Shares" means the Six Hundred Thousand (600,000) shares of Common
      Stock issued or issuable to the Purchasers pursuant to this Agreement.

            "Short Sales" shall include all "short sales" as defined in Rule 200
      of Regulation SHO under the Exchange Act (but shall not be deemed to
      include the location and/or reservation of borrowable shares of Common
      Stock).

            "Subscription Amount" means, as to each Purchaser, the aggregate
      amount to be paid for Shares purchased hereunder as specified below such
      Purchaser's name on the signature page of this Agreement and next to the
      heading "Subscription Amount," in United States Dollars and in immediately
      available funds.

            "Subsidiary" means any subsidiary of the Company as set forth on
      Schedule 3.1(a).

            "Trading Market" means the following markets or exchanges on which
      the Common Stock is listed or quoted for trading on the date in question:
      the American Stock Exchange, the New York Stock Exchange, the NASDAQ
      Global Select Market, the NASDAQ Global Market, the NASDAQ Capital Market
      or the OTC Bulletin Board.

            "Transaction Documents" means this Agreement and the Registration
      Rights Agreement executed in connection with the transactions contemplated
      hereunder.

                                  ARTICLE II.
                                PURCHASE AND SALE

      2.1 Closing. Upon the terms and subject to the conditions set forth
herein, the Company agrees to sell, and each Purchaser agrees to purchase,
severally and not jointly, the number of Shares set forth on each respective
Purchaser's signature page attached hereto, for the Subscription Amount set
forth thereon, which in the aggregate shall equal up to One Million, Six Hundred
Fifty Thousand Dollars ($1,650,000) of Shares. On the Closing Date (the "Closing
Date"), each Purchaser shall deliver to the Company, via wire transfer or a
certified check,

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immediately available funds equal to their Subscription Amount, and the Company
shall deliver to each Purchaser their respective Shares to be issued at the
Closing (the "Closing") at the Closing. Upon satisfaction of the conditions set
forth in Sections 2.2 and 2.3, the Closing shall occur at the offices of
Greenberg Traurig, LLP, 650 Town Center Drive, Suite 1700, Costa Mesa,
California 92626, or such other location as the parties shall mutually agree.

      2.2 Deliveries.

            (a) On or prior to the Closing Date, the Company shall deliver or
      cause to be delivered to each Purchaser the following:

                  (i) this Agreement duly executed by the Company;

                  (ii) one or more stock certificates evidencing that number of
            Shares purchased by each Purchaser hereunder, registered in the name
            of such Purchaser;

                  (iii) the Registration Rights Agreement duly executed by the
            Company; and

                  (iv) a certificate, executed by the Secretary of the Company
            and dated as of the Closing Date, as to (i) the resolutions
            consistent with Section 3.1(c) as adopted by the Company's Board of
            Directors in a form reasonably acceptable to such Purchaser, (ii)
            the Certificate of Incorporation and (iii) the Bylaws, each as in
            effect at the Closing, in the form attached hereto as Exhibit B.

            (b) On or prior to the Closing Date, each Purchaser shall deliver or
      cause to be delivered to the Company the following:

                  (i) this Agreement duly executed by such Purchaser;

                  (ii) such Purchaser's Subscription Amount by wire transfer or
            cashier's check to the account as specified by the Company in
            writing; and

                  (iii) the Registration Rights Agreement duly executed by such
            Purchaser.

      2.3 Closing Conditions.

            (a) The obligations of the Company hereunder in connection with the
      Closing are subject to the following conditions being met:

                  (i) the representations and warranties of the Purchasers shall
            be true and correct in all material respects (except for those
            representations and warranties that are qualified by materiality or
            Material Adverse Effect, which shall be true and correct in all
            respects) as of the date when made and as of the Closing Date as
            though made at that time (except for representations and warranties
            that speak as of a specific date, which shall remain true and
            correct as of such specific date);

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                  (ii) all obligations, covenants and agreements of the
            Purchasers required to be performed at or prior to the Closing Date
            shall have been performed;

                  (iii) the delivery by the Purchasers of the items set forth in
            Section 2.2(b) of this Agreement; and

                  (iv) the Company's additional listing application for the
            Shares filed with the American Stock Exchange ("AMEX") shall have
            been approved by the AMEX.

            (b) The respective obligations of the Purchasers hereunder in
      connection with the Closing are subject to the following conditions being
      met:

                  (i) the representations and warranties of the Company and its
            Subsidiaries shall be true and correct in all material respects
            (except for those representations and warranties that are qualified
            by materiality or Material Adverse Effect, which shall be true and
            correct in all respects) as of the date when made and as of the
            Closing Date as though made at that time (except for representations
            and warranties that speak as of a specific date, which shall remain
            true and correct as of such specific date);

                  (ii) all obligations, covenants and agreements of the Company
            required to be performed at or prior to the Closing Date shall have
            been performed;

                  (iii) the delivery by the Company of the items set forth in
            Section 2.2(a) of this Agreement; and

                  (iv) the Company shall have obtained all governmental,
            regulatory or third party consents and approvals, if any, necessary
            for the sale of the Shares.

                                  ARTICLE III.
                         REPRESENTATIONS AND WARRANTIES

      3.1 Representations and Warranties of the Company. Except as set forth
under the corresponding section of the disclosure schedules delivered to the
Purchasers concurrently herewith (the "Disclosure Schedules") which Disclosure
Schedules shall be deemed a part hereof, the Company hereby makes the
representations and warranties set forth below to each Purchaser:

            (a) Subsidiaries. All of the direct and indirect subsidiaries of the
      Company are set forth on Schedule 3.1(a). The Company owns, directly or
      indirectly, all of the capital stock or other equity interests of each
      Subsidiary free and clear of any Liens, and all the issued and outstanding
      shares of capital stock of each Subsidiary are validly issued and are
      fully paid, non-assessable and free of preemptive and similar rights to
      subscribe for or purchase securities.

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            (b) Organization and Qualification. The Company and each of the
      Subsidiaries is an entity duly incorporated or otherwise organized,
      validly existing and in good standing under the laws of the jurisdiction
      of its incorporation or organization (as applicable), with the requisite
      power and authority to own and use its properties and assets and to carry
      on its business as currently conducted. Neither the Company nor any
      Subsidiary is in violation or default of any of the provisions of its
      respective certificate or articles of incorporation, bylaws or other
      organizational or charter documents. Each of the Company and the
      Subsidiaries is duly qualified to conduct business and is in good standing
      as a foreign corporation or other entity in each jurisdiction in which the
      nature of the business conducted or property owned by it makes such
      qualification necessary, except where the failure to be so qualified or in
      good standing, as the case may be, could not have or reasonably be
      expected to result in (i) a material adverse effect on the legality,
      validity or enforceability of any Transaction Document, (ii) a material
      adverse effect on the business, properties, assets, operations, prospects,
      results of operations or financial condition of the Company and the
      Subsidiaries, taken as a whole, or (iii) a material adverse effect on the
      Company's ability to perform in any material respect on a timely basis its
      obligations under any Transaction Document (any of (i), (ii) or (iii), a
      "Material Adverse Effect") and no Proceeding has been instituted in any
      such jurisdiction revoking, limiting or curtailing or seeking to revoke,
      limit or curtail such power and authority or qualification.

            (c) Authorization; Enforcement. The Company has the requisite
      corporate power and authority to enter into and to consummate the
      transactions contemplated by each of the Transaction Documents and
      otherwise to carry out its obligations hereunder and thereunder. The
      execution and delivery of each of the Transaction Documents by the Company
      and the consummation by it of the transactions contemplated hereby and
      thereby have been duly authorized by all necessary action on the part of
      the Company and no further action is required by the Company, its board of
      directors or its stockholders in connection therewith other than in
      connection with the required approvals set forth on Schedule 3.1(c)
      attached hereto (the "Required Approvals"). Each Transaction Document has
      been (or upon delivery will have been) duly executed by the Company and,
      when delivered in accordance with the terms hereof and thereof, will
      constitute the valid and binding obligation of the Company enforceable
      against the Company in accordance with its terms except (i) as limited by
      general equitable principles and applicable bankruptcy, insolvency,
      reorganization, moratorium and other laws of general application affecting
      enforcement of creditors' rights generally, (ii) as limited by laws
      relating to the availability of specific performance, injunctive relief or
      other equitable remedies and (iii) insofar as indemnification and
      contribution provisions may be limited by applicable law.

            (d) No Conflicts. The execution, delivery and performance of the
      Transaction Documents by the Company, the issuance and sale of the Shares
      and the consummation by the Company of the other transactions contemplated
      hereby and thereby do not and will not (i) conflict with or violate any
      provision of the Company's or any Subsidiary's certificate or articles of
      incorporation, bylaws or other organizational or charter documents, or
      (ii) conflict with, or constitute a default (or an event that with notice
      or lapse of time or both would become a default) under, result in the
      creation of any Lien

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      upon any of the properties or assets of the Company or any Subsidiary, or
      give to others any rights of termination, amendment, acceleration or
      cancellation (with or without notice, lapse of time or both) of, any
      agreement, credit facility, debt or other instrument (evidencing a Company
      or Subsidiary debt or otherwise) or other understanding to which the
      Company or any Subsidiary is a party or by which any property or asset of
      the Company or any Subsidiary is bound or affected, or (iii) subject to
      the Required Approvals, conflict with or result in a violation of any law,
      rule, regulation, order, judgment, injunction, decree or other restriction
      of any court or governmental authority to which the Company or a
      Subsidiary is subject (including federal and state securities laws and
      regulations), or by which any property or asset of the Company or a
      Subsidiary is bound or affected; except in the case of each of clauses
      (ii) and (iii), such as could not have or reasonably be expected to result
      in a Material Adverse Effect.

            (e) Filings, Consents and Approvals. The Company is not required to
      obtain any consent, waiver, authorization or order of, give any notice to,
      or make any filing or registration with, any court or other federal,
      state, local or other governmental authority or other Person in connection
      with the execution, delivery and performance by the Company of the
      Transaction Documents, other than (i) filings required pursuant to Section
      4.4 of this Agreement, (ii) the filing with the Commission of the
      Registration Statement, (iii) application(s) to each applicable Trading
      Market for the listing of the Shares for trading thereon in the time and
      manner required thereby, and (iv) the filing of Form D with the Commission
      and such filings as are required to be made under applicable state
      securities laws (collectively, the "Required Approvals").

            (f) Issuance of the Shares. The Shares are duly authorized and, when
      issued and paid for in accordance with the applicable Transaction
      Documents, will be duly and validly issued, fully paid and nonassessable,
      free and clear of all Liens imposed by the Company other than restrictions
      on transfer provided for in the Transaction Documents. The Company has
      reserved from its duly authorized capital stock the Shares issuable
      pursuant to this Agreement.

            (g) Capitalization. The capitalization of the Company is as set
      forth on Schedule 3.1(g). No Person has any right of first refusal,
      preemptive right, right of participation, or any similar right to
      participate in the transactions contemplated by the Transaction Documents.
      Except as a result of the purchase and sale of the Shares or as set forth
      on Schedule 3.1(g), there are no outstanding options, warrants, script
      rights to subscribe to, calls or commitments of any character whatsoever
      relating to, or securities, rights or obligations convertible into or
      exercisable or exchangeable for, or giving any Person any right to
      subscribe for or acquire, any shares of Common Stock, or contracts,
      commitments, understandings or arrangements by which the Company or any
      Subsidiary is or may become bound to issue additional shares of Common
      Stock or Common Stock Equivalents. The issuance and sale of the Shares
      will not obligate the Company to issue shares of Common Stock or other
      securities to any Person (other than the Purchasers) and will not result
      in a right of any holder of Company securities to adjust the exercise,
      conversion, exchange or reset price under any of such securities. All of
      the outstanding shares of capital stock of the Company are validly issued,
      fully paid and nonassessable, have been issued in compliance with all
      federal and state securities laws, and none of

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      such outstanding shares was issued in violation of any preemptive rights
      or similar rights to subscribe for or purchase securities. No further
      approval or authorization of any stockholder, the Board of Directors of
      the Company or others is required for the issuance and sale of the Shares.
      Except as set forth on Schedule 3.1(g), there are no stockholders
      agreements, voting agreements or other similar agreements with respect to
      the Company's capital stock to which the Company is a party or, to the
      knowledge of the Company, between or among any of the Company's
      stockholders.

            (h) SEC Reports; Financial Statements. The Company has filed all
      reports, schedules, forms, statements and other documents required to be
      filed by it under the Securities Act and the Exchange Act, including
      pursuant to Section 13(a) or 15(d) thereof, for the period commencing on
      January 1, 2006 through the date hereof (the foregoing materials,
      including the exhibits thereto and documents incorporated by reference
      therein, being collectively referred to herein as the "SEC Reports") on a
      timely basis or has received a valid extension of such time of filing and
      has filed any such SEC Reports prior to the expiration of any such
      extension. As of their respective dates, the SEC Reports complied in all
      material respects with the requirements of the Securities Act and the
      Exchange Act and the rules and regulations of the Commission promulgated
      thereunder, as applicable, and none of the SEC Reports, when filed,
      contained any untrue statement of a material fact or omitted to state a
      material fact required to be stated therein or necessary in order to make
      the statements therein, in the light of the circumstances under which they
      were made, not misleading. The financial statements of the Company
      included in the SEC Reports complied in all material respects with
      applicable accounting requirements and the rules and regulations of the
      Commission with respect thereto as in effect at the time of filing. Such
      financial statements have been prepared in accordance with United States
      generally accepted accounting principles applied on a consistent basis
      during the periods involved ("GAAP"), except as may be otherwise specified
      in such financial statements or the notes thereto and except that
      unaudited financial statements may not contain all footnotes required by
      GAAP, and fairly present in all material respects the financial position
      of the Company and its consolidated subsidiaries as of and for the dates
      thereof and the results of operations and cash flows for the periods then
      ended, subject, in the case of unaudited statements, to normal,
      immaterial, year-end audit adjustments.

            (i) Material Changes; Undisclosed Events, Liabilities or
      Developments. Since the date of the latest audited financial statements
      included within the SEC Reports, except as specifically disclosed in a
      subsequent SEC Report, (i) there has been no event, occurrence or
      development that has had or that could reasonably be expected by the
      Company to result in a Material Adverse Effect, (ii) the Company has not
      incurred any liabilities (contingent or otherwise) other than (A) trade
      payables and accrued expenses incurred in the ordinary course of business
      consistent with past practice and (B) liabilities not required to be
      reflected in the Company's financial statements pursuant to GAAP or
      disclosed in filings made with the Commission, (iii) the Company has not
      altered its method of accounting, (iv) the Company has not declared or
      made any dividend or distribution of cash or other property to its
      stockholders or purchased, redeemed or made any agreements to purchase or
      redeem any shares of its capital stock and (v) the Company has not issued
      any equity securities to any officer, director or Affiliate, except

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      pursuant to existing Company stock option plans. The Company does not have
      pending before the Commission any request for confidential treatment of
      information.

            (j) Litigation. There is no action, suit, inquiry, notice of
      violation, proceeding or investigation pending or, to the knowledge of the
      Company, threatened against or affecting the Company, any Subsidiary or
      any of their respective properties before or by any court, arbitrator,
      governmental or administrative agency or regulatory authority (federal,
      state, county, local or foreign) (collectively, an "Action") which
      materially adversely affects or challenges the legality, validity or
      enforceability of any of the Transaction Documents or the Shares. The
      Commission has not issued any stop order or other order suspending the
      effectiveness of any registration statement filed by the Company or any
      Subsidiary under the Exchange Act or the Securities Act.

            (k) Labor Relations. No material labor dispute exists or, to the
      knowledge of the Company, is imminent with respect to any of the employees
      of the Company which could reasonably be expected to result in a Material
      Adverse Effect. None of the Company's or its Subsidiaries' employees is a
      member of a union that relates to such employee's relationship with the
      Company, and neither the Company or any of its Subsidiaries is a party to
      a collective bargaining agreement, and the Company and its Subsidiaries
      believe that their relationships with their employees are good. No
      executive officer, to the knowledge of the Company, is, or is now expected
      to be, in violation of any material term of any employment contract,
      confidentiality, disclosure or proprietary information agreement or
      non-competition agreement, or any other contract or agreement or any
      restrictive covenant, and the continued employment of each such executive
      officer does not subject the Company or any of its Subsidiaries to any
      liability with respect to any of the foregoing matters. The Company and
      its Subsidiaries are in compliance with all U.S. federal, state, local and
      foreign laws and regulations relating to employment and employment
      practices, terms and conditions of employment and wages and hours, except
      where the failure to be in compliance could not, individually or in the
      aggregate, reasonably be expected to have a Material Adverse Effect.

            (l) Compliance. Neither the Company nor any Subsidiary (i) is in
      default under or in violation of (and no event has occurred that has not
      been waived that, with notice or lapse of time or both, would result in a
      default by the Company or any Subsidiary under), nor has the Company or
      any Subsidiary received notice of a claim that it is in default under or
      that it is in violation of, any indenture, loan or credit agreement or any
      other agreement or instrument to which it is a party or by which it or any
      of its properties is bound (whether or not such default or violation has
      been waived), (ii) is in violation of any order of any court, arbitrator
      or governmental body, or (iii) is or has been in violation of any statute,
      rule or regulation of any governmental authority, including without
      limitation all foreign, federal, state and local laws applicable to its
      business and all such laws that affect the environment, except in each
      case as could not have or reasonably be expected to result in a Material
      Adverse Effect.

            (m) Regulatory Permits. The Company and the Subsidiaries possess all
      certificates, authorizations and permits issued by the appropriate
      federal, state, local or foreign regulatory authorities necessary to
      conduct their respective businesses as

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      described in the SEC Reports, except where the failure to possess such
      permits could not have or reasonably be expected to result in a Material
      Adverse Effect ("Material Permits"), and neither the Company nor any
      Subsidiary has received any notice of proceedings relating to the
      revocation or modification of any Material Permit.

            (n) Title to Assets. The Company and the Subsidiaries have good and
      marketable title in fee simple to all real property owned by them that is
      material to the business of the Company and the Subsidiaries and good and
      marketable title in all personal property owned by them that is material
      to the business of the Company and the Subsidiaries, in each case free and
      clear of all Liens, except for Liens as do not materially affect the value
      of such property and do not materially interfere with the use made and
      proposed to be made of such property by the Company and the Subsidiaries
      and Liens for the payment of federal, state or other taxes, the payment of
      which is neither delinquent nor subject to penalties. Any real property
      and facilities held under lease by the Company and the Subsidiaries are
      held by them under valid, subsisting and enforceable leases with which the
      Company and the Subsidiaries are in compliance.

            (o) Patents and Trademarks. The Company and the Subsidiaries have,
      or have rights to use, all patents, patent applications, trademarks,
      trademark applications, service marks, trade names, trade secrets,
      inventions, copyrights, licenses and other intellectual property rights
      and similar rights necessary or material for use in connection with their
      respective businesses as described in the SEC Reports and which the
      failure to so have could have a Material Adverse Effect (collectively, the
      "Intellectual Property Rights"). Neither the Company nor any Subsidiary
      has received a notice (written or otherwise) that the Intellectual
      Property Rights used by the Company or any Subsidiary violates or
      infringes upon the rights of any Person. To the knowledge of the Company,
      all such Intellectual Property Rights are enforceable and there is no
      existing infringement by another Person of any of the Intellectual
      Property Rights. The Company and its Subsidiaries have taken reasonable
      security measures to protect the secrecy, confidentiality and value of all
      of their intellectual properties, except where failure to do so could not,
      individually or in the aggregate, reasonably be expected to have a
      Material Adverse Effect.

            (p) Insurance. The Company and the Subsidiaries are insured by
      insurers of recognized financial responsibility against such losses and
      risks and in such amounts as are prudent and customary in the businesses
      in which the Company and the Subsidiaries are engaged, including, but not
      limited to, directors and officers insurance coverage at least equal to
      the aggregate Subscription Amount. Neither the Company nor any Subsidiary
      has any reason to believe that it will not be able to renew its existing
      insurance coverage as and when such coverage expires or to obtain similar
      coverage from similar insurers as may be necessary to continue its
      business without a significant increase in cost.

            (q) Transactions With Affiliates and Employees. Except as set forth
      in the SEC Reports, none of the officers or directors of the Company and,
      to the knowledge of the Company, none of the employees of the Company is
      presently a party to any transaction with the Company or any Subsidiary
      (other than for services as employees,

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      officers and directors), including any contract, agreement or other
      arrangement providing for the furnishing of services to or by, providing
      for rental of real or personal property to or from, or otherwise requiring
      payments to or from any officer, director or such employee or, to the
      knowledge of the Company, any entity in which any officer, director, or
      any such employee has a substantial interest or is an officer, director,
      trustee or partner, in each case in excess of $60,000 other than (i) for
      payment of salary or consulting fees for services rendered, (ii)
      reimbursement for expenses incurred on behalf of the Company and (iii) for
      other employee benefits, including stock option agreements under any stock
      option plan of the Company.

            (r) Sarbanes-Oxley; Internal Accounting Controls. The Company is in
      material compliance with all provisions of the Sarbanes-Oxley Act of 2002
      which are applicable to it as of the Closing Date. The Company maintains
      disclosure controls and procedures (as such term is defined in Rule
      13a-15(e) under the Exchange Act) that are effective in ensuring that
      information required to be disclosed by the Company in the reports that it
      files or submits under the Exchange Act is recorded, processed, summarized
      and reported, within the time periods specified in the rules and forms of
      the SEC, including, without limitation, controls and procedures designed
      in to ensure that information required to be disclosed by the Company in
      the reports that it files or submits under the Exchange Act is accumulated
      and communicated to the Company's management, including its principal
      executive officer or officers and its principal financial officer or
      officers, as appropriate, to allow timely decisions regarding required
      disclosure.

            (s) Certain Fees. No brokerage or finder's fees or commissions are
      or will be payable by the Company to any broker, financial advisor or
      consultant, finder, placement agent, investment banker, bank or other
      Person with respect to the transactions contemplated by the Transaction
      Documents. The Purchasers shall have no obligation with respect to any
      fees or with respect to any claims made by or on behalf of other Persons
      for fees of a type contemplated in this Section that may be due in
      connection with the transactions contemplated by the Transaction Documents
      as a result of any action taken by the Company or its Affiliates.

            (t) Private Placement. Assuming the accuracy of the Purchasers
      representations and warranties set forth in Section 3.2, no registration
      under the Securities Act is required for the offer and sale of the Shares
      by the Company to the Purchasers as contemplated hereby. The issuance and
      sale of the Shares hereunder does not contravene the rules and regulations
      of the Trading Market.

            (u) Investment Company. The Company is not, and is not an Affiliate
      of, and immediately after receipt of payment for the Shares, will not be
      or be an Affiliate of, an "investment company" within the meaning of the
      Investment Company Act of 1940, as amended. The Company shall conduct its
      business in a manner so that it will not become subject to the Investment
      Company Act.

                                     - 11 -

<PAGE>

            (v) Registration Rights. Other than each of the Purchasers, no
      Person has any right to cause the Company to effect the registration under
      the Securities Act of any securities of the Company.

            (w) Listing and Maintenance Requirements. The Company's Common Stock
      is registered pursuant to Section 12(b) or 12(g) of the Exchange Act, and
      the Company has taken no action designed to, or which to its knowledge is
      likely to have the effect of, terminating the registration of the Common
      Stock under the Exchange Act nor has the Company received any notification
      that the Commission is contemplating terminating such registration. The
      Company has not, in the 12 months preceding the date hereof, received
      notice from any Trading Market on which the Common Stock is or has been
      listed or quoted to the effect that the Company is not in compliance with
      the listing or maintenance requirements of such Trading Market. The
      Company is, and has no reason to believe that it will not in the
      foreseeable future continue to be, in compliance with all such listing and
      maintenance requirements.

            (x) Application of Takeover Protections. The Company and its Board
      of Directors have taken all necessary action, if any, in order to render
      inapplicable any control share acquisition, business combination, poison
      pill (including any distribution under a rights agreement) or other
      similar anti-takeover provision under the Company's Certificate of
      Incorporation (or similar charter documents) or the laws of its state of
      incorporation that is or could become applicable to the Purchasers as a
      result of the Purchasers and the Company fulfilling their obligations or
      exercising their rights under the Transaction Documents, including without
      limitation as a result of the Company's issuance of the Shares and the
      Purchasers' ownership of the Shares.

            (y) Disclosure. All disclosure furnished by or on behalf of the
      Company to the Purchasers regarding the Company, its business and the
      transactions contemplated hereby, including the Disclosure Schedules to
      this Agreement, with respect to the representations and warranties made
      herein are true and correct with respect to such representations and
      warranties and do not contain any untrue statement of a material fact or
      omit to state any material fact necessary in order to make the statements
      made therein, in light of the circumstances under which they were made,
      not misleading.

            (z) No Integrated Offering. Assuming the accuracy of the Purchasers'
      representations and warranties set forth in Section 3.2, neither the
      Company, nor any of its Affiliates, nor any Person acting on its or their
      behalf has, directly or indirectly, made any offers or sales of any
      security or solicited any offers to buy any security, under circumstances
      that would cause this offering of the Shares to be integrated with prior
      offerings by the Company for purposes of the Securities Act or any
      applicable shareholder approval provisions of any Trading Market on which
      any of the securities of the Company are listed or designated.

            (aa) Tax Status. Except for matters that would not, individually or
      in the aggregate, have or reasonably be expected to result in a Material
      Adverse Effect, the Company and each Subsidiary has filed all necessary
      federal, state and foreign income and franchise tax returns and has paid
      or accrued all taxes shown as due thereon, and the

                                     - 12 -

<PAGE>

      Company has no knowledge of a tax deficiency which has been asserted or
      threatened against the Company or any Subsidiary.

            (bb) No General Solicitation. Neither the Company nor any person
      acting on behalf of the Company has offered or sold any of the Shares by
      any form of general solicitation or general advertising. The Company has
      offered the Shares for sale only to the Purchasers and certain other
      "accredited investors" within the meaning of Rule 501 under the Securities
      Act.

            (cc) Insolvency. The Company is not as of the date hereof, and after
      giving effect to the transactions contemplated hereby to occur at the
      Closing, will not be Insolvent (as defined below). For purposes of this
      Section 3.1(cc), "Insolvent" means, with respect to any Person , (i) the
      present fair saleable value of such Person's assets is less than the
      amount required to pay such Person's total indebtedness, (ii) such Person
      is unable to pay its debts and liabilities, subordinated, contingent or
      otherwise, as such debts and liabilities become absolute and matured,
      (iii) such Person intends to incur or believes that it will incur debts
      that would be beyond its ability to pay as such debts mature or (iv) such
      Person has unreasonably small capital with which to conduct the business
      in which it is engaged as such business is now conducted and is proposed
      to be conducted.

            (dd) Off Balance Sheet Arrangements. There is no transaction,
      arrangement, or other relationship between the Company and an
      unconsolidated or other off balance sheet entity that is required to be
      disclosed by the Company in its Exchange Act filings and is not so
      disclosed or that otherwise would be reasonably likely to have a Material
      Adverse Effect.

            (ee) No Undisclosed Events, Liabilities, Developments or
      Circumstances. Except for the transactions contemplated by this Agreement,
      no event, liability, development or circumstance has occurred or exists
      with respect to the Company or its business, properties, prospects,
      operations or financial condition, that would be required to be disclosed
      by the Company under applicable securities laws on a Current Report on
      Form 8-K filed with the SEC.

            (ff) Environmental Laws. The Company is in compliance with any and
      all Environmental Laws (as hereinafter defined), (ii) have received all
      permits, licenses or other approvals required of them under applicable
      Environmental Laws to conduct their respective businesses and (iii) are in
      compliance with all terms and conditions of any such permit, license or
      approval where, in each of the foregoing clauses (i), (ii) and (iii), the
      failure to so comply would be reasonably expected to have, individually or
      in the aggregate, a Material Adverse Effect. The term "Environmental Laws"
      means all federal, state, local or foreign laws relating to pollution or
      protection of human health or the environment (including, without
      limitation, ambient air, surface water, groundwater, land surface or
      subsurface strata), including, without limitation, laws relating to
      emissions, discharges, releases or threatened releases of chemicals,
      pollutants, contaminants, or toxic or hazardous substances or wastes
      (collectively, "Hazardous Materials") into the environment, or otherwise
      relating to the manufacture, processing, distribution, use, treatment,
      storage, disposal, transport or handling of Hazardous Materials, as well
      as all

                                     - 13 -

<PAGE>

      authorizations, codes, decrees, demands or demand letters, injunctions,
      judgments, licenses, notices or notice letters, orders, permits, plans or
      regulations issued, entered, promulgated or approved thereunder.

            (gg) Manipulation of Price. The Company has not, and to its
      knowledge no one acting on its behalf has taken, directly or indirectly,
      any action designed to cause or to result in the stabilization or
      manipulation of the price of any security of the Company to facilitate the
      sale or resale of any of the Shares.

            (hh) Foreign Corrupt Practices. Neither the Company, nor any of its
      Subsidiaries, nor to the Company's knowledge, any director, officer,
      agent, employee or other Person acting on behalf of the Company or any of
      its Subsidiaries has, in the course of its actions for, or on behalf of,
      the Company (i) used any corporate funds for any unlawful contribution,
      gift, entertainment or other unlawful expenses relating to political
      activity; (ii) made any direct or indirect unlawful payment to any foreign
      or domestic government official or employee from corporate funds; (iii)
      violated or is in violation of any provision of the U.S. Foreign Corrupt
      Practices Act of 1977, as amended; or (iv) made any unlawful bribe,
      rebate, payoff, influence payment, kickback or other unlawful payment to
      any foreign or domestic government official or employee.

      3.2 Representations and Warranties of the Purchasers. Each Purchaser
hereby, for itself and for no other Purchaser, represents and warrants as of the
date hereof and as of the Closing Date to the Company as follows:

            (a) Organization; Authority. Such Purchaser is an entity duly
      organized, validly existing and in good standing under the laws of the
      jurisdiction of its organization with full right, corporate or partnership
      power and authority to enter into and to consummate the transactions
      contemplated by the Transaction Documents and otherwise to carry out its
      obligations hereunder and thereunder. The execution, delivery and
      performance by such Purchaser of the transactions contemplated by this
      Agreement have been duly authorized by all necessary corporate or similar
      action on the part of such Purchaser. Each Transaction Document to which
      it is a party has been duly executed by such Purchaser, and when delivered
      by such Purchaser in accordance with the terms hereof, will constitute the
      valid and legally binding obligation of such Purchaser, enforceable
      against it in accordance with its terms, except (i) as limited by general
      equitable principles and applicable bankruptcy, insolvency,
      reorganization, moratorium and other laws of general application affecting
      enforcement of creditors' rights generally, (ii) as limited by laws
      relating to the availability of specific performance, injunctive relief or
      other equitable remedies and (iii) insofar as indemnification and
      contribution provisions may be limited by applicable law.

            (b) Own Account. Such Purchaser understands that the Shares are
      "restricted securities" and have not been registered under the Securities
      Act or any applicable state securities law and is acquiring the Shares as
      principal for its own account and not with a view to or for distributing
      or reselling such Shares or any part thereof in violation of the
      Securities Act or any applicable state

                                     - 14 -

<PAGE>

      securities law, has no present intention of distributing any of such
      Shares in violation of the Securities Act or any applicable state
      securities law and has no direct or indirect arrangement or understandings
      with any other persons to distribute or regarding the distribution of such
      Shares (this representation and warranty not limiting such Purchaser's
      right to sell the Shares pursuant to the Registration Statement or
      otherwise in compliance with applicable federal and state securities laws)
      in violation of the Securities Act or any applicable state securities law.
      Such Purchaser is acquiring the Shares hereunder in the ordinary course of
      its business.

            (c) Purchaser Status. At the time such Purchaser was offered the
      Shares, it was, and at the date hereof it is, an "accredited investor" as
      defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7) or (a)(8) under the
      Securities Act. Such Purchaser is not required to be registered as a
      broker-dealer under Section 15 of the Exchange Act.

            (d) Experience of Such Purchaser. Such Purchaser, either alone or
      together with its representatives, has such knowledge, sophistication and
      experience in business and financial matters so as to be capable of
      evaluating the merits and risks of the prospective investment in the
      Shares, and has so evaluated the merits and risks of such investment. Such
      Purchaser is able to bear the economic risk of an investment in the Shares
      and, at the present time, is able to afford a complete loss of such
      investment.

            (e) General Solicitation. Such Purchaser is not purchasing the
      Shares as a result of any advertisement, article, notice or other
      communication regarding the Shares published in any newspaper, magazine or
      similar media or broadcast over television or radio or presented at any
      seminar or any other general solicitation or general advertisement.

            (f) Short Sales and Confidentiality Prior To The Date Hereof. Other
      than the transaction contemplated hereunder, such Purchaser has not
      directly or indirectly, nor has any Person acting on behalf of or pursuant
      to any understanding with such Purchaser, engaged in any transaction,
      including Short Sales, in the securities of the Company since the earlier
      to occur of (i) the time that such Purchaser was first contacted by the
      Company regarding an investment in the Company, or (ii) the 30th day prior
      to the date of this Agreement (such earlier date, "Discussion Date").
      Notwithstanding the foregoing, in the case of a Purchaser that is a
      multi-managed investment vehicle whereby separate portfolio managers
      manage separate portions of such Purchaser's assets and the portfolio
      managers have no direct knowledge of the investment decisions made by the
      portfolio managers managing other portions of such Purchaser's assets, the
      representation set forth above shall only apply with respect to the
      portion of assets managed by the portfolio manager that made the
      investment decision to purchase the Shares covered by this Agreement.
      Other than to other Persons party to this Agreement, such Purchaser has
      maintained the confidentiality of all disclosures made to it in connection
      with this transaction (including the existence and terms of this
      transaction).

            (g) Access to Information. Such Purchaser acknowledges that it has
      received and had the opportunity to review (i) copies of the SEC Reports,
      and (ii) all exhibits thereto. Such Purchaser further acknowledges that it
      or its representatives have been afforded (iii) the opportunity to ask
      such questions as it has deemed necessary of, and to receive answers from,
      representatives of the Company concerning the terms and

                                     - 15 -

<PAGE>

      conditions of the offering of the Shares, the merits and risks of
      investing in the Shares, (iv) access to information about the Company and
      the Company's financial condition, results of operations, business,
      properties, management and prospects sufficient to enable it to evaluate
      its investment in the Shares; and (v) the opportunity to obtain such
      additional information which the Company possesses or can acquire without
      unreasonable effort or expense that is necessary to verify the accuracy
      and completeness of the information contained in the SEC Reports.

            (h) Restrictions on Shares. Such Purchaser understands that the
      Shares have not been registered under the Securities Act and may not be
      offered, resold, pledged or otherwise transferred except (a) pursuant to
      an exemption from registration under the Securities Act or pursuant to an
      effective registration statement in compliance with Section 5 under the
      Securities Act and (b) in accordance with all applicable securities laws
      of the states of the United States and other jurisdictions.

                                  ARTICLE IV.
                         OTHER AGREEMENTS OF THE PARTIES

      4.1 Transfer Restrictions.

            (a) The Shares may only be disposed of in compliance with state and
      federal securities laws. In connection with any transfer of Shares other
      than pursuant to an effective registration statement or Rule 144, the
      Company may require the transferor thereof to provide to the Company an
      opinion of counsel to the Company, the form and substance of which opinion
      shall be reasonably satisfactory to the Company, to the effect that such
      transfer does not require registration of such transferred Shares under
      the Securities Act.

            (b) The Purchasers agree to the imprinting, so long as is required
      by this Section 4.1(b), of a legend on any of the Shares in the following
      form:

            THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES
            ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND ARE
            "RESTRICTED SECURITIES" AS THAT TERM IS DEFINED IN RULE 144 UNDER
            THE SECURITIES ACT. SUCH SECURITIES MAY NOT BE OFFERED FOR SALE,
            SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN
            EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND THE
            APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM
            REGISTRATION THEREUNDER, THE AVAILABILITY OF WHICH IS TO BE
            ESTABLISHED TO THE REASONABLE SATISFACTION OF COUNSEL TO THE ISSUER.

      4.2 Furnishing of Information. As long as any Purchaser owns Shares, the
Company covenants to timely file (or obtain extensions in respect thereof and
file within the applicable grace period) all reports required to be filed by the
Company after the date hereof pursuant to the Exchange Act. As long as any
Purchaser owns Shares, if the Company is not required to file

                                     - 16 -

<PAGE>

reports pursuant to the Exchange Act, it will prepare and furnish to the
Purchasers and make publicly available in accordance with Rule 144(c) such
information as is required for the Purchasers to sell the Shares under Rule 144.
The Company further covenants that it will take such further action as any
holder of Shares may reasonably request, to the extent required from time to
time to enable such Person to sell such Shares without registration under the
Securities Act within the requirements of the exemption provided by Rule 144.

      4.3 Integration. The Company shall not sell, offer for sale or solicit
offers to buy or otherwise negotiate in respect of any security (as defined in
Section 2 of the Securities Act) that would be integrated with the offer or sale
of the Shares in a manner that would require the registration under the
Securities Act of the sale of the Shares to the Purchasers or that would be
integrated with the offer or sale of the Shares for purposes of the rules and
regulations of any Trading Market such that it would require shareholder
approval prior to the closing of such other transaction unless shareholder
approval is obtained before the closing of such subsequent transaction.

      4.4 Securities Laws Disclosure; Publicity. The Company shall, within one
Business Day of the Closing Date, issue a press release disclosing the material
terms of the transactions contemplated hereby, and shall file a Current Report
on Form 8-K (the "Closing 8-K") which shall attach the Transaction Documents
thereto by the first Business Day following the Closing Date. The press release
and the Closing 8-K shall be acceptable to the Purchasers in their reasonable
discretion. No Purchaser shall issue any such press release or otherwise make
any such public statement without the prior consent of the Company. The Company
shall not publicly disclose the name of any Purchaser, or include the name of
any Purchaser in any filing with the Commission or any regulatory agency or
Trading Market, without the prior written consent of such Purchaser, except (i)
as required by federal securities law in connection with (A) any registration
statement contemplated by the Registration Rights Agreement and (B) the filing
of final Transaction Documents (including signature pages thereto) with the
Commission and (ii) to the extent such disclosure is required by law or Trading
Market regulations, in which case the Company shall provide the Purchasers with
prior notice of such disclosure permitted under this subclause (ii).

      4.5 Use of Proceeds. The Company shall use the net proceeds from the sale
of the Shares hereunder as set forth on Schedule 4.5 of the Disclosure Schedule.

      4.6 Listing of Common Stock. The Company hereby agrees to use best efforts
to maintain the listing of the Common Stock on a Trading Market, and as soon as
reasonably practicable following the Closing to list all of the Shares on such
Trading Market. The Company further agrees, if the Company applies to have the
Common Stock traded on any other Trading Market, it will include in such
application all of the Shares, and will take such other action as is necessary
to cause all of the Shares to be listed on such other Trading Market as promptly
as possible. The Company will take all action reasonably necessary to continue
the listing and trading of its Common Stock on a Trading Market and will comply
in all respects with the Company's reporting, filing and other obligations under
the bylaws or rules of the Trading Market.

                                     - 17 -

<PAGE>

      4.7 Short Sales and Confidentiality After The Date Hereof. Each Purchaser,
severally and not jointly with the other Purchasers, covenants that neither it
nor any Affiliate acting on its behalf or pursuant to any understanding with it
will engage in any transactions, including any Short Sales, in the securities of
the Company during the period commencing at the Discussion Time and ending at
the time that the transactions contemplated by this Agreement are first publicly
announced as described in Section 4.4. Each Purchaser, severally and not jointly
with the other Purchasers, covenants that neither it nor any Affiliate acting on
its behalf or pursuant to any understanding with it will engage in any Short
Sales in the securities of the Company during the period commencing at the
Discussion Time and ending on the date the Closing 8-K is filed with the SEC
("Black-out Termination Date"). Each Purchaser, severally and not jointly with
the other Purchasers, covenants that until such time as the transactions
contemplated by this Agreement are publicly disclosed by the Company as
described in Section 4.4, such Purchaser will maintain the confidentiality of
all disclosures made to it in connection with this transaction (including the
existence and terms of this transaction). Each Purchaser understands and
acknowledges, severally and not jointly with any other Purchaser, that the
Commission currently takes the position that coverage of short sales of shares
of the Common Stock "against the box" prior to the Effective Date of the
Registration Statement with respect to the Shares is a violation of Section 5 of
the Securities Act, as set forth in Item 65, Section A, of the Manual of
Publicly Available Telephone Interpretations, dated July 1997, compiled by the
Office of Chief Counsel, Division of Corporation Finance. Notwithstanding the
foregoing, no Purchaser makes any representation, warranty or covenant hereby
that it will not engage in Short Sales in the securities of the Company after
the Black-out Termination Date. Notwithstanding the foregoing, in the case of a
Purchaser that is a multi-managed investment vehicle whereby separate portfolio
managers manage separate portions of such Purchaser's assets and the portfolio
managers have no direct knowledge of the investment decisions made by the
portfolio managers managing other portions of such Purchaser's assets, the
covenant set forth above shall only apply with respect to the portion of assets
managed by the portfolio manager that made the investment decision to purchase
the Shares covered by this Agreement.

      4.8 Form D; Blue Sky Filings. The Company agrees to timely file a Form D
with respect to the Shares as required under Regulation D and to provide a copy
thereof, promptly upon request of any Purchaser. The Company shall take such
action as the Company shall reasonably determine is necessary in order to obtain
an exemption for, or to qualify the Shares for, sale to the Purchasers at the
Closing under applicable securities or "Blue Sky" laws of the states of the
United States, and shall provide evidence of such actions promptly upon request
of any Purchaser.

                                   ARTICLE V.
                                  MISCELLANEOUS

      5.1 Termination. This Agreement may be terminated by any Purchaser, as to
such Purchaser's obligations hereunder only and without any effect whatsoever on
the obligations between the Company and the other Purchasers, or the Company by
written notice to the other parties, if the Closing has not been consummated on
or before May 18, 2007, provided, however, that no such termination will affect
the right of any party to sue for any breach by the other party (or parties).

                                     - 18 -

<PAGE>

      5.2 Fees and Expenses. Except as expressly set forth in the Transaction
Documents to the contrary, each party shall pay the fees and expenses of its
advisers, counsel, accountants and other experts, if any, and all other expenses
incurred by such party incident to the negotiation, preparation, execution,
delivery and performance of this Agreement. The Company shall pay all transfer
agent fees, stamp taxes and other taxes and duties levied in connection with the
delivery of any Shares to the Purchasers.

      5.3 Entire Agreement. The Transaction Documents, together with the
exhibits and schedules thereto, contain the entire understanding of the parties
with respect to the subject matter hereof and supersede all prior agreements and
understandings, oral or written, with respect to such matters, which the parties
acknowledge have been merged into such documents, exhibits and schedules.

      5.4 Notices. Any and all notices or other communications or deliveries
required or permitted to be provided hereunder shall be in writing and shall be
deemed given and effective on the earliest of (a) the date of transmission, if
such notice or communication is delivered via facsimile at the facsimile number
set forth on the signature pages attached hereto prior to 3:30 p.m. (Las Vegas
time) on a Business Day, (b) the next Business Day after the date of
transmission, if such notice or communication is delivered via facsimile at the
facsimile number set forth on the signature pages attached hereto on a day that
is not a Business Day or later than 3:30 p.m. (Las Vegas time) on any Business
Day, (c) the 2nd Business Day following the date of mailing, if sent by U.S.
nationally recognized overnight courier service, or (d) upon actual receipt by
the party to whom such notice is required to be given. The address for such
notices and communications shall be as set forth on the signature pages attached
hereto.

      5.5 Amendments; Waivers. No provision of this Agreement may be waived or
amended except in a written instrument signed, in the case of an amendment, by
the Company and the Purchasers holding not less than 51% of the Shares or, in
the case of a waiver, by the party against whom enforcement of any such waived
provision is sought. No waiver of any default with respect to any provision,
condition or requirement of this Agreement shall be deemed to be a continuing
waiver in the future or a waiver of any subsequent default or a waiver of any
other provision, condition or requirement hereof, nor shall any delay or
omission of any party to exercise any right hereunder in any manner impair the
exercise of any such right.

      5.6 Headings. The headings herein are for convenience only, do not
constitute a part of this Agreement and shall not be deemed to limit or affect
any of the provisions hereof.

      5.7 Successors and Assigns. This Agreement shall be binding upon and inure
to the benefit of the parties and their successors and permitted assigns. The
Company shall not assign this Agreement or any rights or obligations hereunder
without the prior written consent of the Required Holders. No Purchaser may
assign any of its rights hereunder without the consent of the Company.

      5.8 No Third-Party Beneficiaries. This Agreement is intended for the
benefit of the parties hereto and their respective successors and permitted
assigns and is not for the benefit of, nor may any provision hereof be enforced
by, any other Person.

                                     - 19 -

<PAGE>

      5.9 Governing Law. All questions concerning the construction, validity,
enforcement and interpretation of the Transaction Documents shall be governed by
and construed and enforced in accordance with the internal laws of the State of
Nevada, without regard to the principles of conflicts of law thereof. Each party
agrees that all legal proceedings concerning the interpretations, enforcement
and defense of the transactions contemplated by this Agreement and any other
Transaction Documents (whether brought against a party hereto or its respective
affiliates, directors, officers, shareholders, employees or agents) shall be
commenced exclusively in the state and federal courts sitting in the State of
Nevada. Each party hereby irrevocably submits to the exclusive jurisdiction of
the state and federal courts sitting in the State of Nevada, for the
adjudication of any dispute hereunder or in connection herewith or with any
transaction contemplated hereby or discussed herein, and hereby irrevocably
waives, and agrees not to assert in any suit, action or proceeding, any claim
that it is not personally subject to the jurisdiction of any such court, that
such suit, action or proceeding is brought in an inconvenient forum or that the
venue of such suit, action or proceeding is improper. Nothing contained herein
shall be deemed to limit in any way any right to serve process in any manner
permitted by law. Each party hereby irrevocably waives any right it may have,
and agrees not to request, a jury trial for the adjudication of any dispute
hereunder or in connection with or arising out of this Agreement or any
transaction contemplated hereby. If either party shall commence an action or
proceeding to enforce any provisions of the Transaction Documents, then the
prevailing party in such action or proceeding shall be reimbursed by the other
party for its reasonable attorneys' fees and other costs and expenses incurred
with the investigation, preparation and prosecution of such action or
proceeding.

      5.10 Survival. The representations and warranties contained herein shall
survive the Closing and the delivery of the Shares.

      5.11 Execution. This Agreement may be executed in two or more
counterparts, all of which when taken together shall be considered one and the
same agreement and shall become effective when counterparts have been signed by
each party and delivered to the other party, it being understood that both
parties need not sign the same counterpart. In the event that any signature is
delivered by facsimile transmission or by e-mail delivery of a ".pdf" format
data file, such signature shall create a valid and binding obligation of the
party executing (or on whose behalf such signature is executed) with the same
force and effect as if such facsimile or ".pdf" signature page were an original
thereof.

      5.12 Severability. If any term, provision, covenant or restriction of this
Agreement is held by a court of competent jurisdiction to be invalid, illegal,
void or unenforceable, the remainder of the terms, provisions, covenants and
restrictions set forth herein shall remain in full force and effect and shall in
no way be affected, impaired or invalidated, and the parties hereto shall use
their commercially reasonable efforts to find and employ an alternative means to
achieve the same or substantially the same result as that contemplated by such
term, provision, covenant or restriction. It is hereby stipulated and declared
to be the intention of the parties that they would have executed the remaining
terms, provisions, covenants and restrictions without including any of such that
may be hereafter declared invalid, illegal, void or unenforceable.

      5.13 Rescission and Withdrawal Right. Notwithstanding anything to the
contrary contained in (and without limiting any similar provisions of) any of
the other Transaction

                                     - 20 -

<PAGE>

Documents, whenever any Purchaser exercises a right, election, demand or option
under a Transaction Document and the Company does not timely perform its related
obligations within the periods therein provided, then such Purchaser may rescind
or withdraw, in its sole discretion from time to time upon written notice to the
Company, any relevant notice, demand or election in whole or in part without
prejudice to its future actions and rights.

      5.14 Replacement of Shares. If any certificate or instrument evidencing
any Shares is mutilated, lost, stolen or destroyed, the Company shall issue or
cause to be issued in exchange and substitution for and upon cancellation
thereof (in the case of mutilation), or in lieu of and substitution therefor, a
new certificate or instrument, but only upon receipt of evidence reasonably
satisfactory to the Company of such loss, theft or destruction. The applicant
for a new certificate or instrument under such circumstances shall also pay any
reasonable third-party costs (including customary indemnity) associated with the
issuance of such replacement Shares.

      5.15 Construction. The parties agree that each of them and/or their
respective counsel has reviewed and had an opportunity to revise the Transaction
Documents and, therefore, the normal rule of construction to the effect that any
ambiguities are to be resolved against the drafting party shall not be employed
in the interpretation of the Transaction Documents or any amendments hereto.

                            (Signature Pages Follow)

                                     - 21 -

<PAGE>

      IN WITNESS WHEREOF, the parties hereto have caused this Securities
Purchase Agreement to be duly executed by their respective authorized
signatories as of the date first indicated above.

VENDINGDATA CORPORATION                         Address for Notice:
                                                -------------------

By: /s/ Mark R. Newburg                         1120 Town Center
    ---------------------------------------     Suite 260
       Mark R. Newburg,                         Las Vegas, NV 89144
       President and Chief Executive Officer    Fax: 702.733.7197

                   [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK
                      SIGNATURE PAGE FOR PURCHASER FOLLOWS]

<PAGE>

      IN WITNESS WHEREOF, the parties hereto have caused this Securities
Purchase Agreement to be duly executed by their respective authorized
signatories as of the date first indicated above.

KAIA PARTNERS, LP                           Address for Notice:

By: /s/ illegible
   --------------------------
Subscription Amount: $275,000

Shares: 100,000                             with a copy to:

                                            Address for Delivery of Shares
                                            for Purchaser:

GIMMEL PARTNERS, LP                         Address for Notice:

By: /s  /illegible
    -------------------------
Subscription Amount: $907,500

Shares: 330,000                             with a copy to:

                                            Address for Delivery of Shares for
                                            Purchaser:

<PAGE>

MICHAEL H. WEISS                        Address for Notice:

/s/ Michael H. Weiss
   ------------------------------
Michael H. Weiss

Subscription Amount: $192,500

Shares: 70,000                          with a copy to:

                                        Address for Delivery of Shares
                                         for Purchaser:

I.E.S. HOLDINGS LTD.                    Address for Notice:

By: /s/ illegible                       32 Ben Gurion St.
    ------------------------------      Ramat Gan
                                        Israel

Subscription Amount: $275,000

Shares: 100,000                         with a copy to:

                                        Address for Delivery of Shares for
                                        Purchaser:

                                     - 24 -<PAGE>

                                                                    Exhibit 10.2

                          REGISTRATION RIGHTS AGREEMENT

            This Registration Rights Agreement (this "Agreement") is made and
entered into as of May 3, 2007, among VendingData Corporation, a Nevada
corporation (the "Company"), and purchaser identified on the signature pages
hereto (each, including its successors and assigns, a "Purchaser" and
collectively the "Purchasers").

                                 R E C I T A L S

      WHEREAS, the Company will sell $1,650,000 of the Company's Common Stock to
the Purchasers pursuant to that certain Securities Purchase Agreement ("Purchase
Agreement") dated as of May 3, 2007 by and among the Company and the Purchasers.

                                A G R E E M E N T

            NOW, THEREFORE, IN CONSIDERATION of the mutual covenants contained
in this Agreement, and for other good and valuable consideration the receipt and
adequacy of which are hereby acknowledged, the Company and the Lenders agree as
follows:

      1. Definitions. Capitalized terms used and not otherwise defined herein
that are defined in the Purchase Agreement shall have the meanings given such
terms in the Purchase Agreement. As used in this Agreement, the following terms
shall have the following meanings:

            "Advice" shall have the meaning set forth in Section 6(d).

            "Effectiveness Period" shall have the meaning set forth in Section
2.

            "Effective Date" means the date that the Registration Statement has
been declared effective by the Commission.

            "Filing Date" means, with respect to the initial Registration
Statement required hereunder, means August 30, 2007.

            "Holder" or "Holders" means the holder or holders, as the case may
be, from time to time of Registrable Securities.

            "Indemnified Party" shall have the meaning set forth in Section
5(c).

            "Indemnifying Party" shall have the meaning set forth in Section
5(c).

            "Losses" shall have the meaning set forth in Section 5(a).

            "Plan of Distribution" shall have the meaning set forth in Section
2.

<PAGE>

            "Prospectus" means the prospectus included in a Registration
      Statement (including, without limitation, a prospectus that includes any
      information previously omitted from a prospectus filed as part of an
      effective registration statement in reliance upon Rule 430A promulgated
      under the Securities Act), as amended or supplemented by any prospectus
      supplement, with respect to the terms of the offering of any portion of
      the Registrable Securities covered by a Registration Statement, and all
      other amendments and supplements to the Prospectus, including
      post-effective amendments, and all material incorporated by reference or
      deemed to be incorporated by reference in such Prospectus.

            "Registrable Securities" means all of (i) the Shares; and (ii) any
      shares of Common Stock issued or issuable upon any stock split, dividend
      or other distribution, recapitalization or similar event with respect to
      the foregoing; provided, however, a security shall no longer be a
      Registrable Security once it has been sold, or may be sold, without volume
      restrictions pursuant to Rule 144(k) or sold pursuant to a Registration
      Statement.

            "Registration Statement" means the registration statements required
      to be filed hereunder, including (in each case) the Prospectus, amendments
      and supplements to such registration statement or Prospectus, including
      pre- and post-effective amendments, all exhibits thereto, and all material
      incorporated by reference or deemed to be incorporated by reference in
      such registration statement.

            "Rule 415" means Rule 415 promulgated by the Commission pursuant to
      the Securities Act, as such Rule may be amended from time to time, or any
      similar rule or regulation hereafter adopted by the Commission having
      substantially the same purpose and effect as such Rule.

            "Rule 424" means Rule 424 promulgated by the Commission pursuant to
      the Securities Act, as such Rule may be amended from time to time, or any
      similar rule or regulation hereafter adopted by the Commission having
      substantially the same purpose and effect as such Rule.

            "Selling Shareholder Questionnaire" shall have the meaning set forth
      in Section 3(a).

      2. Shelf Registration. The Company shall use its best efforts to prepare
and file with the Commission, on or before the Filing Date, a "Shelf"
Registration Statement covering the resale of the Registrable Securities for an
offering to be made on a continuous basis pursuant to Rule 415. The Registration
Statement shall be on Form S-3 (except if the Company is not then eligible to
register for resale the Registrable Securities on Form S-3, in which case such
registration shall be on another appropriate form in accordance herewith) and
shall contain substantially the "Plan of Distribution" attached hereto as Annex
A, as modified by the Company as necessary to conform to comments from the
Commission. Subject to the terms of this Agreement, the Company shall use its
best efforts to cause the Registration Statement to be declared effective under
the Securities Act as promptly as possible after the filing thereof, and shall
use its best efforts to keep such Registration Statement continuously effective
under the

                                     - 2 -

<PAGE>

Securities Act until the earlier of (i) all Registrable Securities covered by
such Registration Statement have been sold, or (ii) May 3, 2008 (the
"Effectiveness Period").

      3. Registration Procedures

            In connection with the Company's registration obligations hereunder,
the Company shall:

            (a) Not less than five Trading Days prior to the filing of each
      Registration Statement and not less than two Trading Day prior to the
      filing of any related amendment or supplement thereto, the Company shall,
      furnish to each Holder the selling stockholder and plan of distribution
      sections made a part thereof, along with any other section that
      specifically references a Holder. Each Holder agrees to be named in the
      Registration Statement and to carry out the offer and sale of Registrable
      Securities held by such Holder in a conformance with the Plan of
      Distribution attached hereto as Annex A, as modified by the Company as
      necessary to conform to comments from the Commission. Each Holder agrees
      to furnish to the Company a completed Questionnaire in the form attached
      to this Agreement as Annex B (a "Selling Shareholder Questionnaire") by
      the end of the fourth Trading Day following the date on which such Holder
      receives the Selling Shareholder Questionnaire and draft materials in
      accordance with this Section. The Company shall ensure that each
      Registration Statement (including any amendments or supplements thereto
      and prospectuses contained therein) shall not contain any untrue statement
      of a material fact or omit to state a material fact required to be stated
      therein, or necessary to make the statements therein (in the case of
      prospectuses, in the light of the circumstances in which they were made)
      not misleading.

            (b) (i) Prepare and file with the Commission such amendments,
      including post-effective amendments, to a Registration Statement and the
      Prospectus used in connection therewith as may be necessary to keep a
      Registration Statement continuously effective as to the applicable
      Registrable Securities for the Effectiveness Period, except for periods
      based on events described in Section 3(c), (ii) cause the related
      Prospectus to be amended or supplemented by any required Prospectus
      supplement (subject to the terms of this Agreement), and as so
      supplemented or amended to be filed pursuant to Rule 424; (iii) respond
      promptly to any comments received from the Commission with respect to a
      Registration Statement or any amendment thereto; and (iv) comply in all
      material respects with the provisions of the Securities Act and the
      Exchange Act applicable to the Company with respect to the disposition of
      all Registrable Securities covered by a Registration Statement during the
      applicable period in accordance with the intended methods of disposition
      by the Holders thereof set forth in such Registration Statement as so
      amended or in such Prospectus as so supplemented.

            (c) Notify the Holders of Registrable Securities to be sold (which
      notice shall, pursuant to clauses (ii) through (iv) hereof, be accompanied
      by an instruction to suspend the use of the Prospectus until the requisite
      changes have been made) as promptly as reasonably possible (i) with
      respect to a Registration Statement or any post-effective amendment, when
      the same has become effective; (ii) of the issuance by the Commission or
      any other federal or state governmental authority of any stop order
      suspending the

                                     - 3 -

<PAGE>

      effectiveness of a Registration Statement covering any or all of the
      Registrable Securities; (iii) of the receipt by the Company of any
      notification with respect to the suspension of the qualification or
      exemption from qualification of any of the Registrable Securities for sale
      in any jurisdiction; or (iv) of the occurrence of any event or passage of
      time that makes the financial statements included in a Registration
      Statement ineligible for inclusion therein or any statement made in a
      Registration Statement or Prospectus or any document incorporated or
      deemed to be incorporated therein by reference untrue in any material
      respect or that requires any revisions to a Registration Statement,
      Prospectus or other documents so that, in the case of a Registration
      Statement or the Prospectus, as the case may be, it will not contain any
      untrue statement of a material fact or omit to state any material fact
      required to be stated therein or necessary to make the statements therein,
      in light of the circumstances under which they were made, not misleading.
      Any and all of such information contemplated by subparagraphs (i) through
      (iv) shall remain confidential to each Holder until such information
      otherwise becomes public, unless disclosure by a Holder is required by
      law.

            (d) Use its best efforts to avoid the issuance of, or, if issued,
      obtain the withdrawal of (i) any order suspending the effectiveness of a
      Registration Statement, or (ii) any suspension of the qualification (or
      exemption from qualification) of any of the Registrable Securities for
      sale in any jurisdiction, at the earliest practicable moment.

            (e) Furnish to each Holder, without charge, at least one conformed
      copy of each such final Prospectus and each final amendment or supplement
      thereto, promptly after the filing of such documents with the Commission,
      for Holder's delivery in connection with a sale of the Registrable
      Securities.

            (f) Subject to the terms of this Agreement, the Company hereby
      consents to the use of each Prospectus and each amendment or supplement
      thereto, provided by the Company pursuant to subpart (e) above, by each of
      the selling Holders in connection with the offering and sale of the
      Registrable Securities covered by such Prospectus and any amendment or
      supplement thereto, except after the giving of any notice pursuant to
      Section 3(d).

            (g) Prior to any resale of Registrable Securities by a Holder, use
      its commercially reasonable efforts to register or qualify or cooperate
      with the selling Holders in connection with the registration or
      qualification (or exemption from the Registration or qualification) of
      such Registrable Securities for the resale by the Holder under the
      securities or Blue Sky laws of such jurisdictions within the United States
      as any Holder reasonably requests in writing, to keep each registration or
      qualification (or exemption therefrom) effective during the Effectiveness
      Period and to do any and all other acts or things reasonably necessary to
      enable the disposition in such jurisdictions of the Registrable Securities
      covered by each Registration Statement; provided, that the Company shall
      not be required to qualify generally to do business in any jurisdiction
      where it is not then so qualified, subject the Company to any material tax
      in any such jurisdiction where it is not then so subject or file a general
      consent to service of process in any such jurisdiction.

                                     - 4 -

<PAGE>

            (h) If requested by the Holders, cooperate with the Holders to
      facilitate the timely preparation and delivery of certificates
      representing Registrable Securities to be delivered to a transferee
      pursuant to a Registration Statement, which certificates shall be free, to
      the extent permitted by the Securities Act, of all restrictive legends,
      and to enable such Registrable Securities to be in such denominations and
      registered in such names as any such Holders may request.

            (i) Upon the occurrence of any event contemplated by this Section 3,
      as promptly as reasonably possible under the circumstances taking into
      account the Company's good faith assessment of any adverse consequences to
      the Company and its stockholders of the premature disclosure of such
      event, prepare a supplement or amendment, including a post-effective
      amendment, to a Registration Statement or a supplement to the related
      Prospectus or any document incorporated or deemed to be incorporated
      therein by reference, and file any other required document so that, as
      thereafter delivered, neither a Registration Statement nor such Prospectus
      will contain an untrue statement of a material fact or omit to state a
      material fact required to be stated therein or necessary to make the
      statements therein, in light of the circumstances under which they were
      made, not misleading. If the Company notifies the Holders in accordance
      with clauses (ii) through (iv) of Section 3(c) above to suspend the use of
      any Prospectus until the requisite changes to such Prospectus have been
      made, then the Holders shall suspend use of such Prospectus. The Company
      will use its best efforts to ensure that the use of the Prospectus may be
      resumed as promptly as is practicable.

            (j) Comply with all applicable rules and regulations of the
      Commission.

            (k) The Company may require each selling Holder to furnish to the
      Company a certified statement as to (i) the number of shares of Common
      Stock beneficially owned by such Holder, (ii) the natural persons thereof
      that have voting and dispositive control over the shares of Common Stock,
      and (iii) any affiliation between the Holder and either the Company's
      independent accountants or any member of the NASD.

            (l) The Company shall use its best efforts either to cause all of
      the Registrable Securities covered by a Registration Statement to be
      listed on the primary securities exchange or stock market on which
      securities of the same class or series issued by the Company are then
      listed, if any, if the listing of such Registrable Securities is then
      permitted under the rules of such exchange or stock market.

            (m) If requested by a Holder, the Company shall as soon as
      practicable (i) incorporate in a prospectus supplement or post-effective
      amendment such information as a Holder reasonably requests to be included
      therein relating to the sale and distribution of Registrable Securities,
      including, without limitation, information with respect to the number of
      Registrable Securities being offered or sold, the purchase price being
      paid therefor and any other terms of the offering of the Registrable
      Securities to be sold in such offering; (ii) make all required filings of
      such prospectus supplement or post-effective amendment after being
      notified of the matters to be incorporated in such prospectus supplement
      or post-effective amendment; and (iii) supplement or make amendments to
      any Registration Statement if reasonably requested by a Holder holding any
      Registrable Securities.

                                     - 5 -

<PAGE>

      4. Registration Expenses. All fees and expenses incident to the
performance of or compliance with this Agreement by the Company shall be borne
by the Company whether or not any Registrable Securities are sold pursuant to a
Registration Statement. The fees and expenses referred to in the foregoing
sentence shall include, without limitation, (i) all registration and filing fees
(including, without limitation, fees and expenses (A) with respect to filings
required to be made with any Trading Market on which the Common Stock is then
listed for trading, and (B) in compliance with applicable state securities or
Blue Sky laws reasonably agreed to by the Company in writing), (ii) printing
expenses incurred by the Company (including, without limitation, expenses of
printing certificates for Registrable Securities, (iii) messenger, telephone and
delivery expenses incurred by the Company, (iv) fees and disbursements of
counsel for the Company, (v) Securities Act liability insurance incurred by the
Company, if the Company so desires such insurance, and (vi) fees and expenses of
all other Persons retained by the Company in connection with the consummation of
the transactions contemplated by this Agreement. In addition, the Company shall
be responsible for all of its internal expenses incurred in connection with the
consummation of the transactions contemplated by this Agreement (including,
without limitation, all salaries and expenses of its officers and employees
performing legal or accounting duties), the expense of any annual audit and the
fees and expenses incurred in connection with the listing of the Registrable
Securities on any securities exchange as required hereunder. In no event shall
the Company be responsible for any broker or similar commissions of any Holder
or, except to the extent provided for in the Transaction Documents, any legal
fees or other costs of the Holders.

      5. Indemnification

            (a) Indemnification by the Company. The Company shall,
      notwithstanding any termination of this Agreement, indemnify and hold
      harmless each Holder, the officers, directors, members, partners,
      employees of each of them, each Person who controls any such Holder
      (within the meaning of Section 15 of the Securities Act or Section 20 of
      the Exchange Act) and the officers, directors, members, shareholders,
      partners, and employees of each such controlling Person, to the fullest
      extent permitted by applicable law, from and against any and all losses,
      claims, damages, liabilities, costs (including, without limitation,
      reasonable attorneys' fees) and expenses (collectively, "Losses"), as
      incurred, arising out of or relating to (1) any untrue statement of a
      material fact contained in a Registration Statement, any Prospectus or any
      form of prospectus or in any amendment or supplement thereto or in any
      preliminary prospectus, or arising out of or relating to any omission of a
      material fact required to be stated therein or necessary to make the
      statements therein (in the case of any Prospectus or form of prospectus or
      supplement thereto, in light of the circumstances under which they were
      made) not misleading, (2) any violation by the Company of the Securities
      Act, Exchange Act or any state securities law, or any rule or regulation
      thereunder, in connection with the performance of its obligations under
      this Agreement, except to the extent, but only to the extent, that (i)
      such untrue statements or omissions are based solely upon information
      regarding such Holder furnished in writing to the Company by such Holder
      expressly for use therein, or to the extent that such information relates
      to such Holder or such Holder's

                                     - 6 -

<PAGE>

      proposed method of distribution of Registrable Securities and was reviewed
      and expressly approved in writing by such Holder expressly for use in a
      Registration Statement, such Prospectus or such form of Prospectus or in
      any amendment or supplement thereto (it being understood that the Holder
      has approved Annex A hereto for this purpose), (ii) in the case of an
      occurrence of an event of the type specified in Section 3(c)(ii)-(iv), the
      use by such Holder of an outdated or defective Prospectus after the
      Company has notified such Holder in writing that the Prospectus is
      outdated or defective and prior to the receipt by such Holder of the
      Advice contemplated in Section 6(d), or (iii) any such untrue statement,
      omission or violation is directly related to and primarily the result of a
      material breach of this Agreement or violation of law by Holder; or (3)
      any violation of this Agreement.

            (b) Indemnification by Holders. Each Holder shall, severally and not
      jointly, indemnify and hold harmless the Company, its directors, officers,
      agents, attorneys and employees, each Person who controls the Company
      (within the meaning of Section 15 of the Securities Act and Section 20 of
      the Exchange Act), and the directors, officers, agents, attorneys or
      employees of such controlling Persons, to the fullest extent permitted by
      applicable law, from and against all Losses, as incurred, to the extent
      arising out of or based solely upon: (x) such Holder's failure to comply
      with the prospectus delivery requirements of the Securities Act, (y) a
      material breach of this Agreement or violation of law by Holder, or (z)
      any untrue or alleged untrue statement of a material fact contained in any
      Registration Statement, any Prospectus, or any form of prospectus, or in
      any amendment or supplement thereto or in any preliminary prospectus, or
      arising out of or relating to any omission or alleged omission of a
      material fact required to be stated therein or necessary to make the
      statements therein not misleading (i) to the extent, but only to the
      extent, that such untrue statement or omission is contained in any
      information so furnished in writing by such Holder to the Company
      specifically for inclusion in such Registration Statement or such
      Prospectus or (ii) to the extent that such information relates to such
      Holder's proposed method of distribution of Registrable Securities and was
      reviewed and expressly approved in writing by such Holder expressly for
      use in a Registration Statement (it being understood that the Holder has
      approved Annex A hereto for this purpose), such Prospectus or such form of
      Prospectus or in any amendment or supplement thereto or (iii) in the case
      of an occurrence of an event of the type specified in Section
      3(c)(ii)-(iv), the use by such Holder of an outdated or defective
      Prospectus after the Company has notified such Holder in writing that the
      Prospectus is outdated or defective and prior to the receipt by such
      Holder of the Advice contemplated in Section 6(d). In no event shall the
      liability of any selling Holder hereunder be greater in amount than the
      dollar amount of the net proceeds received by such Holder upon the sale of
      the Registrable Securities giving rise to such indemnification obligation.

            (c) Conduct of Indemnification Proceedings. If any Proceeding shall
      be brought or asserted against any Person entitled to indemnity hereunder
      (an "Indemnified Party"), such Indemnified Party shall promptly notify the
      Person from whom indemnity is sought (the "Indemnifying Party") in
      writing, and the Indemnifying Party shall have the right to assume the
      defense thereof, including the employment of counsel reasonably
      satisfactory to the Indemnified Party and the payment of all fees and
      expenses incurred in connection with defense thereof; provided, that the
      failure of any Indemnified Party to

                                     - 7 -

<PAGE>

      give such notice shall not relieve the Indemnifying Party of its
      obligations or liabilities pursuant to this Agreement, except (and only)
      to the extent that such failure shall have prejudiced the Indemnifying
      Party.

            An Indemnified Party shall have the right to employ separate counsel
      in any such Proceeding and to participate in the defense thereof, but the
      fees and expenses of such counsel shall be at the expense of such
      Indemnified Party or Parties unless: (1) the Indemnifying Party has agreed
      in writing to pay such fees and expenses; (2) the Indemnifying Party shall
      have failed promptly to assume the defense of such Proceeding and to
      employ counsel reasonably satisfactory to such Indemnified Party in any
      such Proceeding; or (3) the named parties to any such Proceeding
      (including any impleaded parties) include both such Indemnified Party and
      the Indemnifying Party, and a material conflict of interest is likely to
      exist if the same counsel were to represent such Indemnified Party and the
      Indemnifying Party, in which case, if such Indemnified Party notifies the
      Indemnifying Party in writing that it elects to employ separate counsel at
      the expense of the Indemnifying Party, the Indemnifying Party shall not
      have the right to assume the defense thereof and the reasonable fees and
      expenses of no more than one separate counsel shall be at the expense of
      the Indemnifying Party. The Indemnifying Party shall not be liable for any
      settlement of any such Proceeding effected without its written consent,
      which consent shall not be unreasonably withheld or delayed.

            Subject to the terms of this Agreement, all reasonable fees and
      expenses of the Indemnified Party owing under this Section 5 (including
      reasonable fees and expenses to the extent incurred in connection with
      investigating or preparing to defend such Proceeding in a manner not
      inconsistent with this Section) shall be paid to the Indemnified Party.

            (d) Contribution. If the indemnification under Section 5(a) or 5(b)
      is unavailable to an Indemnified Party or insufficient to hold an
      Indemnified Party harmless for any Losses, then each Indemnifying Party
      shall contribute to the amount paid or payable by such Indemnified Party,
      in such proportion as is appropriate to reflect the relative fault of the
      Indemnifying Party and Indemnified Party in connection with the actions,
      statements or omissions that resulted in such Losses as well as any other
      relevant equitable considerations. The relative fault of such Indemnifying
      Party and Indemnified Party shall be determined by reference to, among
      other things, whether any action in question, including any untrue
      statement of a material fact or omission of a material fact, has been
      taken or made by, or relates to information supplied by, such Indemnifying
      Party or Indemnified Party, and the parties' relative intent, knowledge,
      access to information and opportunity to correct or prevent such action,
      statement or omission. The amount paid or payable by a party as a result
      of any Losses shall be deemed to include, subject to the limitations set
      forth in this Agreement, any reasonable attorneys' or other fees or
      expenses incurred by such party in connection with any Proceeding to the
      extent such party would have been indemnified for such fees or expenses if
      the indemnification provided for in this Section was available to such
      party in accordance with its terms.

                                     - 8 -

<PAGE>

            The parties hereto agree that it would not be just and equitable if
      contribution pursuant to this Section 5(d) were determined by pro rata
      allocation or by any other method of allocation that does not take into
      account the equitable considerations referred to in the immediately
      preceding paragraph. Notwithstanding the provisions of this Section 5(d),
      no Holder shall be required to contribute, in the aggregate, any amount in
      excess of the amount by which the proceeds actually received by such
      Holder from the sale of the Registrable Securities subject to the
      Proceeding exceeds the amount of any damages that such Holder has
      otherwise been required to pay by reason of such untrue or alleged untrue
      statement or omission or alleged omission, except in the case of fraud by
      such Holder.

            The indemnity and contribution agreements contained in this Section
      are in addition to any liability that the Indemnifying Parties may have to
      the Indemnified Parties.

      6. Reports Under the 1934 Act.

            With a view to making available to the Holders the benefits of Rule
144 promulgated under the Securities Act or any other similar rule or regulation
of the Commission that may at any time permit the Holders to sell securities of
the Company to the public without registration ("Rule 144"), the Company agrees
to:

            (a) make and keep public information available, as those terms are
understood and defined in Rule 144;

            (b) file with the Commission in a timely manner all reports and
other documents required of the Company under the Securities Act and the
Securities Exchange Act of 1934, as amended (the "1934 Act") so long as the
Company remains subject to such requirements and the filing of such reports and
other documents is required for the applicable provisions of Rule 144; and

            (c) furnish to each Holder so long as such Holder owns Registrable
Securities, promptly upon request, (i) a written statement by the Company, if
true, that it has complied with the reporting requirements of Rule 144, the
Securities Act and the 1934 Act, (ii) a copy of the most recent annual or
quarterly report of the Company and such other reports and documents so filed by
the Company, and (iii) such other information as may be reasonably requested to
permit the Holders to sell such securities pursuant to Rule 144 without
registration.

      7. Miscellaneous

            (a) Piggyback on Registrations. The Company and its security holders
      (other than the Holders in such capacity pursuant hereto) designated by
      the Company may include securities of the Company in the Registration
      Statement in addition to the Registrable Securities.

            (b) Compliance. Each Holder covenants and agrees that it will comply
      with the prospectus delivery requirements of the Securities Act as
      applicable or an exemption therefrom to it in connection with sales of
      Registrable Securities pursuant to a Registration Statement.

                                     - 9 -

<PAGE>

            (c) Discontinued Disposition. Each Holder agrees by its acquisition
      of Registrable Securities that, upon receipt of a notice from the Company
      of the occurrence of any event of the kind described in Section 3(c), such
      Holder will forthwith discontinue disposition of such Registrable
      Securities under a Registration Statement until it is advised in writing
      (the "Advice") by the Company that the use of the applicable Prospectus
      (as it may have been supplemented or amended) may be resumed. The Company
      will use its best efforts to ensure that the use of the Prospectus may be
      resumed as promptly as it practicable.

            (d) Amendments and Waivers. The provisions of this Agreement,
      including the provisions of this sentence, may not be amended, modified or
      supplemented, and waivers or consents to departures from the provisions
      hereof may not be given, unless the same shall be in writing and signed by
      the Company and the Holders of at least a majority the then outstanding
      Registrable Securities. Notwithstanding the foregoing, a waiver or consent
      to depart from the provisions hereof with respect to a matter that relates
      exclusively to the rights of Holders and that does not directly or
      indirectly affect the rights of other Holders may be given by Holders of
      all of the Registrable Securities to which such waiver or consent relates;
      provided, however, that the provisions of this sentence may not be
      amended, modified, or supplemented except in accordance with the
      provisions of the immediately preceding sentence.

            (e) Notices. Any and all notices or other communications or
      deliveries required or permitted to be provided hereunder shall be
      delivered as set forth in the Purchase Agreement, as the case may be.

            (f) Successors and Assigns. This Agreement shall inure to the
      benefit of and be binding upon the successors and permitted assigns of
      each of the parties and shall inure to the benefit of each Holder. The
      Company may not assign its rights (except by merger) or obligations
      hereunder without the prior written consent of at least a majority of the
      Holders of the then-outstanding Registrable Securities. The rights under
      this Agreement shall be automatically assignable by any Holder to any
      transferee of 50% or more of such Holder's Registrable Securities if: (i)
      such Holder agrees in writing with the transferee or assignee to assign
      such rights and a copy of such agreement is furnished to the Company
      promptly after such assignment; (ii) the Company is, promptly after such
      transfer or assignment, furnished with written notice of (a) the name and
      address of such transferee or assignee and (b) the securities with respect
      to which such registration rights are being transferred or assigned; (iii)
      immediately following such transfer or assignment the further disposition
      of such securities by the transferee or assignee is restricted under the
      Securities Act and applicable state securities laws; (iv) at or before the
      time the Company receives the written notice contemplated by clause (ii)
      of this sentence the transferee or assignee agrees in writing with the
      Company to be bound by all of the provisions contained herein; and (v)
      such transfer shall have been made in accordance with the applicable
      requirements of the Purchase Agreement.

                                     - 10 -

<PAGE>

            (g) No Inconsistent Agreements. Neither the Company nor any of its
      Subsidiaries has entered, as of the date hereof, nor shall the Company or
      any of its Subsidiaries, on or after the date of this Agreement, enter
      into any agreement with respect to its securities, that would have the
      effect of impairing the rights granted to the Holders in this Agreement or
      otherwise conflicts with the provisions hereof.

            (h) Execution and Counterparts. This Agreement may be executed in
      two or more counterparts, all of which when taken together shall be
      considered one and the same agreement and shall become effective when
      counterparts have been signed by each party and delivered to the other
      party, it being understood that both parties need not sign the same
      counterpart. In the event that any signature is delivered by facsimile
      transmission or by e-mail delivery of a ".pdf" format data file, such
      signature shall create a valid and binding obligation of the party
      executing (or on whose behalf such signature is executed) with the same
      force and effect as if such facsimile or ".pdf" signature page were an
      original thereof.

            (i) Governing Law. All questions concerning the construction,
      validity, enforcement and interpretation of this Agreement shall be
      governed by and construed and enforced in accordance with the internal
      laws of the State of Nevada, without regard to the principles of conflicts
      of law thereof. Each party agrees that all legal proceedings concerning
      the interpretations, enforcement and defense of the transactions
      contemplated by this Agreement (whether brought against a party hereto or
      its respective affiliates, directors, officers, shareholders, employees or
      agents) shall be commenced exclusively in the state and federal courts
      sitting in the State of Nevada. The parties hereby waive all rights to a
      trial by jury. If either party shall commence an action or proceeding to
      enforce any provisions of this Agreement, then the prevailing party in
      such action or proceeding shall be reimbursed by the other party for its
      reasonable attorneys' fees and other costs and expenses incurred with the
      investigation, preparation and prosecution of such action or proceeding.

            (j) Cumulative Remedies. The remedies provided herein are cumulative
      and not exclusive of any other remedies provided by law.

            (k) Severability. If any term, provision, covenant or restriction of
      this Agreement is held by a court of competent jurisdiction to be invalid,
      illegal, void or unenforceable, the remainder of the terms, provisions,
      covenants and restrictions set forth herein shall remain in full force and
      effect and shall in no way be affected, impaired or invalidated, and the
      parties hereto shall use their commercially reasonable efforts to find and
      employ an alternative means to achieve the same or substantially the same
      result as that contemplated by such term, provision, covenant or
      restriction. It is hereby stipulated and declared to be the intention of
      the parties that they would have executed the remaining terms, provisions,
      covenants and restrictions without including any of such that may be
      hereafter declared invalid, illegal, void or unenforceable.

                                     - 11 -

<PAGE>

            (l) Headings. The headings in this Agreement are for convenience
      only, do not constitute a part of this Agreement, and shall not be deemed
      to limit or affect any of the provisions hereof.

            (m) Independent Nature of Holders' Obligations and Rights. The
      obligations of each Holder hereunder are several and not joint with the
      obligations of any other Holder hereunder, and no Holder shall be
      responsible in any way for the performance of the obligations of any other
      Holder hereunder. Nothing contained herein or in any other agreement or
      document delivered at any closing, and no action taken by any Holder
      pursuant hereto or thereto, shall be deemed to constitute the Holders as a
      partnership, an association, a joint venture or any other kind of entity,
      or create a presumption that the Holders are in any way acting in concert
      with respect to such obligations or the transactions contemplated by this
      Agreement. Each Holder shall be entitled to protect and enforce its
      rights, including without limitation the rights arising out of this
      Agreement, and it shall not be necessary for any other Holder to be joined
      as an additional party in any proceeding for such purpose.

                   [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK
                             SIGNATURE PAGES FOLLOW]

                                     - 12 -

<PAGE>

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

                                VENDINGDATA CORPORATION

                                By:
                                    --------------------------------------------
                                         Mark Newburg,
                                         President and Chief Executive Officer

<PAGE>

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

                                KAIA PARTNERS, LP

                                By:
                                    --------------------------------------------
                                        Name:
                                        Title:

                                GIMMEL PARTNERS, LP

                                By:
                                    --------------------------------------------
                                        Name:
                                        Title:

                                MICHAEL H. WEISS

                                ------------------------------------------------

                                Michael H. Weiss

                                I.E.S. HOLDINGS LTD.

                                By:
                                    --------------------------------------------
                                        Name:
                                        Title:

<PAGE>

                                     ANNEX A

                              Plan of Distribution

      The selling stockholders may, from time to time, sell any or all of their
shares of common stock on any stock exchange, market or trading facility on
which the shares are traded or in private transactions. These sales may be at
fixed prices, at prevailing market prices at the time of the sale, at varying
prices determined at the time of sale, or at negotiated prices. The selling
stockholders may use any one or more of the following methods when selling
shares:

    -   ordinary brokerage transactions and transactions in which the
        broker-dealer solicits purchasers;

    -   block trades in which the broker-dealer will attempt to sell the shares
        as agent but may position and resell a portion of the block as principal
        to facilitate the transaction;

    -   purchases by a broker-dealer as principal and resale by the
        broker-dealer for its account;

    -   an exchange distribution in accordance with the rules of the applicable
        exchange;

    -   privately negotiated transactions;

    -   short sales;

    -   broker-dealers may agree with the selling stockholders to sell a
        specified number of such shares at a stipulated price per share;

    -   a combination of any such methods of sale; and

    -   any other method permitted pursuant to applicable law.

      The selling stockholders may also sell shares under Rule 144 under the
Securities Act, if available, rather than under this prospectus.

      The selling stockholders may also engage in puts and calls and other
transactions in our securities or derivatives of our securities and may sell or
deliver shares in connection with these trades.

      Broker-dealers engaged by the selling stockholders may arrange for other
brokers-dealers to participate in sales. Broker-dealers may receive commissions
or discounts from the selling stockholders (or, if any broker-dealer acts as
agent for the purchaser of shares, from the purchaser) in amounts to be
negotiated. The selling stockholders do not expect these commissions and
discounts to exceed what is customary in the types of transactions involved. Any
profits on the resale of shares of common stock by a broker-dealer acting as
principal might be deemed to be underwriting discounts or commissions under the
Securities Act. Discounts, concessions, commissions and similar selling
expenses, if any, attributable to the sale of shares will be borne by a selling
stockholder. The selling stockholders may agree to indemnify any agent, dealer
or broker-dealer that participates in transactions involving sales of the shares
if liabilities are imposed on that person under the Securities Act. In
connection with sales of the shares of common stock or otherwise, the selling
stockholders may enter into hedging transactions with broker-dealers, which may
in turn engage in short sales of the shares of common stock in the course of
hedging in positions they assume. The selling stockholders may also sell shares
of common stock short and deliver shares of common stock covered by this

                                     - 15 -

<PAGE>

prospectus to close out short positions and to return borrowed shares in
connection with such short sales. The selling stockholders may also loan or
pledge shares of common stock to broker-dealers that in turn may sell such
shares.

      The selling stockholders may from time to time pledge or grant a security
interest in some or all of the shares of common stock owned by them and, if they
default in the performance of their secured obligations, the pledgees or secured
parties may offer and sell the shares of common stock from time to time under
this prospectus after we have filed a supplement to this prospectus under Rule
424(b)(3) or other applicable provision of the Securities Act of 1933 amending
the list of selling stockholders to include the pledgee, transferee or other
successors in interest as selling stockholders under this prospectus.

      The selling stockholders also may transfer the shares of common stock in
other circumstances, in which case the transferees, pledgees or other successors
in interest will be the selling beneficial owners for purposes of this
prospectus and may sell the shares of common stock from time to time under this
prospectus after we have filed a supplement to this prospectus under Rule
424(b)(3) or other applicable provision of the Securities Act of 1933 amending
the list of selling stockholders to include the pledgee, transferee or other
successors in interest as selling stockholders under this prospectus.

      The selling stockholders and any broker-dealers or agents that are
involved in selling the shares of common stock may be deemed to be
"underwriters" within the meaning of the Securities Act in connection with such
sales. In such event, any commissions received by such broker-dealers or agents
and any profit on the resale of the shares of common stock purchased by them may
be deemed to be underwriting commissions or discounts under the Securities Act.

      We are required to pay all fees and expenses incident to the registration
of the shares of common stock. We have agreed to indemnify the selling
stockholders against certain claims, damages and liabilities, including
liabilities under the Securities Act.

      The selling stockholders have advised us that they have not entered into
any agreements, understandings or arrangements with any underwriters or
broker-dealers regarding the sale of their shares of common stock, nor is there
an underwriter or coordinating broker acting in connection with a proposed sale
of shares of common stock by any selling stockholder. If we are notified by any
selling stockholder that any material arrangement has been entered into with a
broker-dealer for the sale of shares of common stock, if required, we will file
a supplement to this prospectus. If the selling stockholders use this prospectus
for any sale of the shares of common stock, they will be subject to the
prospectus delivery requirements of the Securities Act.

      Under the securities laws of some states, the shares of common stock may
be sold in such states only through registered or licensed brokers or dealers.
In addition, in some states the shares of common stock may not be sold unless
such shares have been registered or qualified for sale in such state or an
exemption from registration or qualification is available and is complied with.

      There can be no assurance that any selling stockholder will sell any or
all of the shares of common stock registered pursuant to the shelf registration
statement, of which this prospectus forms a part.

                                     - 16 -

<PAGE>

      The selling stockholders and any other person participating in such
distribution will be subject to applicable provisions of the Securities Exchange
Act of 1934, as amended, and the rules and regulations thereunder, including,
without limitation, Regulation M of the Exchange Act, which may limit the timing
of purchases and sales of any of the shares of common stock by the selling
stockholders and any other participating person. Regulation M may also restrict
the ability of any person engaged in the distribution of the shares of common
stock to engage in market-making activities with respect to the shares of common
stock. All of the foregoing may affect the marketability of the shares of common
stock and the ability of any person or entity to engage in market-making
activities with respect to the shares of common stock.

      Once sold under the shelf registration statement, of which this prospectus
forms a part, the shares of common stock will be freely tradable in the hands of
persons other than our affiliates.

                                     - 17 -

<PAGE>

                                     ANNEX B

                             VENDINGDATA CORPORATION

                 SELLING SECURITYHOLDER NOTICE AND QUESTIONNAIRE

      The undersigned beneficial owner of common stock, par value $0.001 per
share (the "Common Stock"), of VendingData Corporation, a Nevada corporation
(the "Company"), (the "Registrable Securities") understands that the Company has
filed or intends to file with the Securities and Exchange Commission (the
"Commission") a registration statement on Form S-3 (the "Registration
Statement") for the registration and resale under Rule 415 of the Securities Act
of 1933, as amended (the "Securities Act"), of the Registrable Securities, in
accordance with the terms of the Registration Rights Agreement, dated as of May
3, 2007 (the "Registration Rights Agreement"), among the Company and the Holders
named therein. A copy of the Registration Rights Agreement is available from the
Company upon request at the address set forth below. All capitalized terms not
otherwise defined herein shall have the meanings ascribed thereto in the
Registration Rights Agreement.

      Certain legal consequences arise from being named as a selling
securityholder in the Registration Statement and the related prospectus.
Accordingly, holders and beneficial owners of Registrable Securities are advised
to consult their own securities law counsel regarding the consequences of being
named or not being named as a selling securityholder in the Registration
Statement and the related prospectus.

                                     NOTICE

      The undersigned beneficial owner (the "Selling Securityholder") of
Registrable Securities hereby elects to include the Registrable Securities owned
by it and listed below in Item 3 (unless otherwise specified under such Item 3)
in the Registration Statement.

                                     - 18 -

<PAGE>

The undersigned hereby provides the following information to the Company and
represents and warrants that such information is accurate:

                                  QUESTIONNAIRE

1.    NAME.

      (a)   Full Legal Name of Selling Securityholder

            --------------------------------------------------------------------

      (b)   Full Legal Name of Registered Holder (if not the same as (a) above)
            through which Registrable Securities Listed in Item 3 below are
            held:
            --------------------------------------------------------------------

      (c)   Full Legal Name of Natural Control Person (which means a natural
            person who directly or indirectly alone or with others has power to
            vote or dispose of the securities covered by the questionnaire):

            --------------------------------------------------------------------

2.    ADDRESS FOR NOTICES TO SELLING SECURITYHOLDER:

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
 Telephone:
           ---------------------------------------------------------------------
 Fax:
           ---------------------------------------------------------------------
  Contact Person:
                 ---------------------------------------------------------------

3.    BENEFICIAL OWNERSHIP OF REGISTRABLE SECURITIES:

      (a)   Type and Number of Registrable Securities beneficially owned:

            --------------------------------------------------------------------

            --------------------------------------------------------------------

            --------------------------------------------------------------------

                                     - 19 -

<PAGE>

4.    BROKER-DEALER STATUS:

      (a)   Are you a broker-dealer?

                              Yes [ ]   No [ ]

      (b)   If "yes" to Section 4(a), did you receive your Registrable
            Securities as compensation for investment banking services to the
            Company.

                              Yes [ ]   No [ ]

      Note: If no, the Commission's staff has indicated that you should be
            identified as an underwriter in the Registration Statement.

      (c)   Are you an affiliate of a broker-dealer?

                              Yes [ ]   No [ ]

      (d)   If you are an affiliate of a broker-dealer, do you certify that you
            bought the Registrable Securities in the ordinary course of
            business, and at the time of the purchase of the Registrable
            Securities to be resold, you had no agreements or understandings,
            directly or indirectly, with any person to distribute the
            Registrable Securities?

                              Yes [ ]   No [ ]

      Note: If no, the Commission's staff has indicated that you should be
            identified as an underwriter in the Registration Statement.

5.    BENEFICIAL OWNERSHIP OF OTHER SECURITIES OF THE COMPANY OWNED BY THE
      SELLING SECURITYHOLDER.

      Except as set forth below in this Item 5, the undersigned is not the
      beneficial or registered owner of any securities of the Company other than
      the Registrable Securities listed above in Item 3.

      (a)   Type and Amount of Other Securities beneficially owned by the
            Selling Securityholder:

            --------------------------------------------------------------------

            --------------------------------------------------------------------

                                     - 20 -

<PAGE>

6. RELATIONSHIPS WITH THE COMPANY:

      Except as set forth below, neither the undersigned nor any of its
      affiliates, officers, directors or principal equity holders (owners of 5%
      of more of the equity securities of the undersigned) has held any position
      or office or has had any other material relationship with the Company (or
      its predecessors or affiliates) during the past three years.

      State any exceptions here:

      --------------------------------------------------------------------------

      --------------------------------------------------------------------------

7.  RELATIONSHIPS WITH THE COMPANY'S INDEPENDENT ACCOUNTANT:

      Except as set forth below, neither the undersigned nor any of its
      affiliates, officers, directors or principal equity holders (owners of 5%
      of more of the equity securities of the undersigned) has held any position
      or office or has had any other material relationship with the Company's
      independent accountants, Piercy Bowler Taylor & Kern, of Las Vegas ,
      Nevada (or its predecessors or affiliates) during the past three years.

      State any exceptions here:

      --------------------------------------------------------------------------

      --------------------------------------------------------------------------

      The undersigned agrees to promptly notify the Company of any inaccuracies
or changes in the information provided herein that may occur subsequent to the
date hereof at any time while the Registration Statement remains effective.

      By signing below, the undersigned consents to the disclosure of the
information contained herein in its answers to Items 1 through 7 and the
inclusion of such information in the Registration Statement and the related
prospectus and any amendments or supplements thereto. The undersigned
understands that such information will be relied upon by the Company in
connection with the preparation or amendment of the Registration Statement and
the related prospectus.

                                     - 21 -

<PAGE>

      IN WITNESS WHEREOF the undersigned, by authority duly given, has caused
this Notice and Questionnaire to be executed and delivered either in person or
by its duly authorized agent.

Dated:                                  Beneficial Owner:
       -----------------                                  ----------------------

                                        By:
                                            -----------------------------------
                                            Name:
                                            Title:

PLEASE FAX A COPY OF THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE, AND
RETURN THE ORIGINAL BY OVERNIGHT MAIL, TO:

Daniel Donahue, Esq.
Greenberg Traurig, LLP
650 Town Center Drive, Suite 1700
Costa Mesa, CA  92626

Fax: 714-708-6501

                                     - 22 -

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