Document:

POKERPRO SOFTWARE LEASING AGREEMENT

 EXHIBIT 10.19 
  
 PokerProTM Software Licensing Agreement 
  
 THIS PokerProTM SOFTWARE LICENSING AGREEMENT (“Agreement”) is entered into on the 1st day of September, 2005 between PokerTek, Inc., (“Licensor”), a North
Carolina corporation with its principal offices at 1020 Crews Road, Suite J, Matthews, North Carolina 28106 and Seminole Tribe of Florida, a federally recognized Indian tribe under 25 U.S.C. §476 (“Licensee”), with it’s
government offices at 6300 Stirling Road, Hollywood, Florida 33024. 
  
 RECITALS: 
  
 WHEREAS, the Licensor is the owner
of a technology solution that automates class II Poker table play and various class II Poker Room administrative functions known as PokerProTM (“Client Software”) which contains valuable trade secrets, patents, and intellectual property; and 
  
 WHEREAS, the Licensor desires to grant and Licensee desires to accept a
non-exclusive, revocable license authorizing Licensee to utilize the Client Software on five, class II PokerProTM tables; and 
  
 WHEREAS, at all times during the term of this Agreement, the parties, as may be necessary for each of them, shall maintain all applicable licenses and permits required for the lawful operation of the Casino, the
Client Devices, and shall abide by all applicable laws, regulations, rules, and requirements of governmental authorities applicable thereto, including, without limitation, to the Indian Gaming Regulatory Act, 25 U.S.C. § 2701 et seq.
(“IGRA”), and the Seminole Tribal Gaming Ordinance. Licensor and Licensee acknowledge that the subject matter of this Agreement does not violate existing applicable laws. If at any time it is determined that the subject matter of this
Agreement violates a then existing applicable law or regulation, then in that event, the Agreement may be immediately terminated by PokerTekTM or the Licensee. Performance of this Agreement is contingent upon obtaining any and all necessary
initial and continuing approvals required by any regulatory agency with jurisdiction over the subject matter of this Agreement; and 
  
 NOW THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Licensor and Licensee hereby agree as follows: 
  
 1. DEFINITIONS 
  
 Unless otherwise specifically
defined elsewhere in this Agreement, capitalized terms used in this Agreement have the meaning set forth below: 
  
 1.1. Agreement. This Agreement, and all exhibits referenced in it, all of which are incorporated into this Agreement. 
  
 1.2. Client Device. Any class II poker table, player console,
center monitor, server, workstation, portable, hand-held or other device that operates the Software. All Client Devices shall be owned by Licensor. 
  
 1.3. Client Software. The computer software program described in the first recital of this Agreement, and all Enhancements and Updates to
it. 
  
 1.4. Databases. The databases used by the
Software to store, manipulate, or display data including the structure and format of all tables, indexes, and relationships in the databases and all stored procedures, triggers, and other programmatic elements of the databases but not any test data
contained in those databases. 
  
 1.5.
Documentation. Operator manuals, guides, technical specifications and other printed, recorded, and electronic materials provided to Licensee to assist Licensee to make the uses of the Software permitted under this Agreement, including
materials used for maintenance, support and other services. All Updates and Enhancements to the Documentation provided to Licensee become part of the Documentation as defined in this subsection. 
  

  

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 1.6. Enhancements. Any addition to, change to, improvement to, or deletion from the
Software after the execution of this Agreement, as a result of which the Software provides a function or feature not originally offered or functions or performs in an improved manner, if any, provided by Licensor to Licensee under a separate
maintenance and support agreement. Enhancements do not include (a) computer software programs that Licensor prices separately or (b) Updates. 
  
 1.7. Event of Default. As set forth in Section 14.2 of this Agreement. 
  
 1.8. Licensed Materials. The Software and Documentation. 
  
 1.9. Software. The software programs and licensed by Licensor
to Licensee under this Agreement. Software includes (a) Client Software, (b) Databases and (c) all data-conversion tools, if any, provided to Licensee under a maintenance and support agreement with Licensor. 
  
 1.10. Source Code. All software program code listings
(including comments) comprising the Software and all algorithms, flow charts, logic diagrams, structure definitions, descriptions or diagrams, data format or layout descriptions, psuedocode, query definitions, plans, notes, and any other written,
recorded, or electronic material, relating to the Software, depicted in a form that may be read or perceived by humans directly or with the aid of a device. 
  
 1.11. Updates. Any addition to, change to, improvement to, or deletion from the Software after the execution of this Agreement to correct
defects in the Software delivered under this Agreement, if any, provided by Licensor to Licensee under a separate maintenance and support agreement. Updates do not include Enhancements. 
  
 1.12. User. A Client Device that has access to the Software. 
  
 2. LICENSE 
  
 2.1. Grant of License. The Agreement governs the license granted by Licensor to Licensee for the Licensed
Materials. Licensor grants to Licensee a non-exclusive, non-transferable license to use the Licensed Materials at the Licensee’s Seminole Hard Rock Hotel & Casino-Hollywood (“Casino”) in the manner described in this
Agreement. 
  
 2.2. Permitted Use. Licensee may use
the Licensed Materials only as expressly permitted in this Agreement. Licensee must use the Licensed Materials only in the manner and for the purposes for which the Licensed Materials were designed and subject to all of the restrictions set forth in
this Section 2. 
  
 2.3. Source Code and Limitation of
License. This License does not entitle Licensee to receive, use, or examine any Source Code or create Documentation relating to the Software. 
  
 2.4. Access by Third Parties. At no time shall any parent, subsidiary, or affiliate of Licensee or any of their employees have access to the
Licensed Materials or be deemed third-party beneficiaries under this Agreement. 
  
 2.5. All Non-Permitted Uses Prohibited. All uses not permitted under subsection 2.2 are prohibited. By way of example and without limitation, in making the uses permitted under subsection 2.2, Licensee
may not disassemble, decompile, reverse engineer, or modify the Software; examine the Software with debugging, memory inspection, or disk inspection tools; rent the Software; permit any third-party to possess a copy of the Licensed Materials or to
use the Licensed Materials for commercial purposes; transmit an electronic copy of the Software by any means; use the Software in the operation of a service bureau or time-sharing arrangement or to provide outsourcing services; or remove or alter
any notice of copyright, trademark, trade secret, or other proprietary rights in the Licensed Materials or any copies of the Licensed Materials. 
  

  

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 2.6. Sublicensed Software. Licensee’s use of computer software programs (and all
Enhancements and Updates to them) that are among the Software, that are not owned by Licensor, and that are sublicensed by Licensor to Licensee under this Agreement shall be subject to this Agreement and the Addenda to this Agreement applicable
to the sublicensed Software. 
  
 3. TERM. 
  
 3.1. The term of this Agreement shall commence on July 1, 2005,
and shall continue on a month to month basis. First month payment is due upon signed agreement with remaining months due no later than 5 days after the beginning of each month. See Schedule A for pricing. Unless changed by direction of Licensor in
writing, payment shall be mailed or wired on a monthly bases directly to Licensor at: 
  
 Wiring Information: 
  
 Wachovia Bank NA 
 1525 West WT Harris Blvd. 
 Charlotte, NC 28288 
  
 Routing#: 053000219 
 Acct#: 2000017285670 
 Acct Name: PokerTek, Inc. 
  
 Mailing Address: 
  
 PokerTek, Inc. 
 1020 Crews Rd, Suite J 
 Matthews, NC 28106 
  
 The Licensor at any time during the contract term may request removal of all Client Devices with no financial or other obligations due to either party. Any additional
Client Devices and Licenses shall be in a Schedule A Addendum signed by both Licensor and Licensee. 
  
 4. ASSIGMNENT OF TAXES RESPONSIBILITY. 
  
 Licensee shall pay all applicable taxes (other than taxes based on Licensor’s income), duties, import and export fees, and any other charges or assessments established by any federal, state, local or tribal
government agency with jurisdiction over the Licensee which are applicable to its performance under this Agreement. 
  
 5. DELIVERY AND INSTALLATION. 
  
 Licensee shall be responsible for providing the required environment for the Software. Licensor shall be responsible for all preparation of Client Devices
on which the Software will be installed. Licensor shall be responsible for installation, configuration, all data manipulation, mapping, formatting, and conversion, and all other steps necessary to cause the Software to operate, unless Licensor and
Licensee agree otherwise. 
  
 6. MAINTENANCE AND SUPPORT. 
  
 Maintenance and support, if any, shall be provided to Licensee only under a
separate maintenance and support agreement. 
  
 7. MARKETING. 

 
 Licensee agrees to commit a reasonable amount of financial and human
resources toward the launching, marketing, and promotion of the Client Software to the Casino’s customers in order to accelerate and 
  

  

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enhance player acceptance. Licensee financial resources dedicated to the marketing of the Client Software will include, but will not be limited to, player
promotions and other programs developed by Licensee. The purpose of these marketing programs is to provide additional financial motivation for customers to play on the Client Devices for the first time. Licensor agrees to work with Licensee’s
management and marketing team to assist in the planning and execution of a launch strategy for the Client Devices within Licensee’s Casino. Upon Licensee successful evaluation of the Client Software, as evidenced by Licensee’s decision to
negotiate a Commercial License, Licensee agrees to act as a reference for other customers who have expressed an interest in the Client Software. 
  
 8. OWNERSHIP OF SOFTWARE AND INTELLECTUAL PROPERTY. 
  
 Licensee agrees that title to (a) the Software and Updates, Enhancements, Source Code, and Documentation, all derivative works furnished by Licensor
to Licensee or created for Licensee (except third party software incorporated therein), and all related technology furnished to or developed for Licensee hereunder, and (b) all copyright, patent, trade secret and other intellectual and
proprietary rights therein, are and remain the valuable property of Licensor or its vendors. Licensee shall possess no ownership or proprietary rights in the Licensed Material. Licensee agrees to retain the proprietary notices of Licensor and its
vendors on all originals and copies of the Licensed Materials, if any is provided to Licensee. Licensee shall not use any of the names of Licensor or the names of any Software licensed under this Agreement in any advertising, promotional, or public
statement without the prior, written consent of Licensor. 
  
 9.
REPRESENTATIONS AND COVENANTS. 
  
 9.1. Compliance with
Terms. Licensee shall monitor the Licensed Materials at its Casino and ensure that the Licensed Materials are used only in compliance with this Agreement. Licensee shall be responsible and liable for any and all non-compliance with this
Agreement at its Casino by Licensee or by any person or entity who obtains access to the Licensed Materials through Licensee. 
  
 9.2. Notification of Defects. Licensee shall notify Licensor of any defect Licensee believes exists in the Licensed Materials, and Licensee
shall provide to Licensor all information known or reasonably available to Licensee regarding the alleged defect. 
  
 9.3. Third Party Material. With respect to all computer programs and data and hardware not provided by Licensor and to be used or reproduced
during Licensee’s use of the Software, Licensee represents that it has all necessary rights to use or reproduce the computer programs and that no use of the Software in connection therewith shall be made that causes an infringement of the right
of any third-party. 
  
 9.4. Authority. Licensor and
Licensee each represent that they have the authority to enter into this Agreement and have all rights necessary to perform their obligations under this Agreement. Licensor and Licensee further represents that upon its execution of this Agreement it
will have taken all official action necessary to make this Agreement a valid, binding obligation of it in accordance with its terms. 
  
 10. INDEMNITY. 
  
 10.1. Indemnity by Licensor. Licensor shall be solely responsible for, and shall indemnify, defend, and hold harmless Licensee from any
claim (including any suit) brought against Licensee by a third-party alleging that any of the Licensed Materials infringes a United States patent, copyright, or mask work right, and shall pay all costs and damages finally awarded, provided that
Licensee gives Licensor prompt written notice of such claim, and information, reasonable assistance and sole authority to defend or settle the claim. In the defense or settlement of the claim, Licensor may obtain for Licensee the right to continue
using the Licensed Materials, may replace or modify the Licensed Materials so they become non-infringing, or, if such remedies are not reasonably available, may terminate this Agreement. Licensor shall not have any liability if the alleged
infringement is based upon the use, license or sale of (a) the Licensed Materials in combination with other products (including software) not furnished by Licensor, or (b) an outdated version of the Licensed Materials, if use of a
more recent version would have avoided the infringement. LICENSOR DISCLAIMS ANY LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL OR 
  

  

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SPECIAL DAMAGES. LICENSOR’S SOLE OBLIGATION FOR INDEMNIFICATION OR CLAIMS OF INFRINGEMENT IS DESCRIBED IN THIS SUBSECTION. 
  
 10.2. Indemnity by Licensee. Except for claims arising under
subsection 10.1 or resulting from Licensor’s own gross negligence or willful or criminal misconduct, Licensee shall upon request indemnify and hold Licensor, its agents, directors, officers and employees, harmless against any and all damages,
claims, losses or expenses of whatever kind or nature, including reasonable attorneys’ fees and expenses incurred in defending such claims, resulting from the gross negligence or willful or criminal misconduct of Licensee, its officers,
directors, or employees, in connection with Licensee’s performance of this Agreement; provided that Licensor gives Licensee prompt written notice of such claim, and information, reasonable assistance and sole authority to defend or settle the
claim. 
  
 11. WARRANTIES AND LIMITATION OF LIABILITY. 
  
 11.1. Limited Warranty; No Other Warranty. LICENSOR MAKES NO
WARRANTIES OF ANY KIND REGARDING THE LICENSED MATERIALS OR ITS PERFORMANCE UNDER THIS AGREEMENT, ALL OF WHICH IS PROVIDED “AS IS.” THERE ARE NO WARRANTIES OF ANY KIND, INCLUDING IMPLIED WARRANTIES MERCHANTABILITY OR FITNESS FOR A
PARTICULAR PURPOSE NOR OTHER WARRANTIES, EXPRESS OR IMPLIED (BY OPERATION OF LAW OR OTHERWISE), BY LICENSOR WITH RESPECT TO THE LICENSED MATERIALS OR ANY OTHER GOOD OR SERVICE PROVIDED UNDER THIS AGREEMENT. NO EMPLOYEE, AGENT OR REPRESENTATIVE OF
LICENSOR HAS THE AUTHORITY TO BIND LICENSOR TO ANY ORAL REPRESENTATION OR WARRANTY CONCERNING THE LICENSED MATERIALS OR ANY OTHER GOOD OR SERVICE PROVIDED BY LICENSOR. ANY ORAL OR WRITTEN REPRESENTATION OR WARRANTY NOT EXPRESSLY CONTAINED HEREIN
SHALL NOT BE ENFORCEABLE BY LICENSEE. 
  
 11.2. Limitation
of Liability. NEITHER LICENSOR NOR LICENSEE SHALL HAVE LIABILITY TO THE OTHER FOR ANY CLAIM ARISING FROM OR RELATED TO THIS AGREEMENT OR THE LICENSED MATERIALS, WHETHER IN CONTRACT, TORT, OR OTHERWISE. NEITHER LICENSOR NOR LICENSEE SHALL BE
LIABLE TO THE OTHER FOR ANY INCIDENTAL, INDIRECT, SPECIAL OR CONSEQUENTIAL DAMAGES UNDER ANY CIRCUMSTANCES, EVEN IF EACH PARTY HAS BEEN ADVISED OF, KNEW, OR SHOULD HAVE KNOWN, OF THE POSSIBILITY THEREOF. 
  
 11.3. Allocation of Risk. Section 11 of this Agreement
allocates the risks under this Agreement between Licensor and Licensee and Licensee acknowledges that Licensor and Licensee have entered into this Agreement in reliance upon such allocation of risk and would not enter into this Agreement in the
absence of such allocation of risk. 
  
 12. CONFIDENTIAL INFORMATION.

  
 12.1. Confidential Information. Confidential
Information includes any information, not generally known in the relevant trade or industry, obtained from Licensee or Licensor or their vendors or licensors or which falls within any of the following general categories: 
  
 12.1.1. The Licensed Materials; 
  
 12.1.2. information relating to trade secrets of Licensee or
Licensor or their vendors or licensors; 
  
 12.1.3. information relating to existing or contemplated products, services, technology, designs, processes, formulae, computer systems, computer software, algorithms and research or developments of Licensee or Licensor or their vendors or
licensors; 
  
 12.1.4. information relating to the
business of Licensee or Licensor or that of their vendors or licensors, including but not limited to, business forms, handbooks, policies, and documents, business plans, 
  

  

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business processes and procedures, sales or marketing methods, methods of doing business, customer lists, customer usages and/or requirements, and supplier
information of Licensee or Licensor or their vendors or licensors; or 
  
 12.1.5. information marked “Confidential” or “Proprietary.” 
  
 12.2. Maintaining Confidentiality. A party receiving Confidential Information (“Recipient”) from the other party
(“Discloser”) agrees to keep such Confidential Information in the strictest confidence, in the manner set forth below: 
  
 12.2.1 Except as expressly permitted by this Agreement, the Recipient shall not copy, modify, enhance, compile or assemble (or reverse
compile or disassemble), or reverse engineer Confidential Information or any thing containing or embodying Confidential Information and shall not, directly or indirectly, disclose, divulge, reveal, report or transfer such Confidential Information of
the other to any third party or to any individual employed by Licensor or Licensee, other than an employee of Licensor or Licensee having a need to know such Confidential Information and who has executed a confidentiality agreement in substantially
the form hereof. 
  
 12.2.2 Except as expressly
permitted by this Agreement, Recipient shall not use any Confidential Information of the Discloser or the concepts therein for its own benefit or for the benefit of a third party or for any purpose other than the purpose for which such Confidential
Information is being disclosed. 
  
 12.2.3
Recipient shall not remove any proprietary legends or notices, including copyright notices, appearing on or in the Confidential Information of the Discloser. 
  
 12.2.4 Recipient shall take appropriate action with respect to each and every person permitted access to any Confidential Information of
the Discloser to ensure that each such person complies with the confidentiality provisions hereof. Recipient shall use its best efforts to enforce the proprietary rights of the Discloser and the Discloser’s vendors, licensors, and suppliers
(including but not limited to seeking injunctive relief where reasonably necessary) against any person who has possession of or discloses Confidential Information in a manner not permitted by this Agreement. 
  
 12.2.5 Any materials which are or which relate to or derive
from any Confidential Information shall be kept confidential and all such materials shall be returned to the Discloser or destroyed upon satisfaction of the purpose for the disclosure of such information. 
  
 12.2.6 The parties may disclose Confidential Information to
their attorneys in the course of representation on a matter reasonably requiring the attorneys to receive the Confidential Information and also may disclose Confidential Information to their certified public accountants to the extent necessary to
enable those accountants to prepare financial statements or reports required by applicable law. 
  
 12.2.7 In the event that any demand is made in litigation, or other proceeding for disclosure of Confidential Information, Recipient shall
assert this Agreement as a ground for refusing the demand, shall not disclose the Confidential Information, and, if necessary, shall seek a protective order or other appropriate relief to prevent or restrict and protect any disclosure of
Confidential Information. 
  
 12.3 Limitation on
Confidentiality Obligation. Discloser agrees that Recipient shall have no obligation with respect to any information which the Recipient can establish: 
  

12.3.1 was already known to Recipient; 
  
 12.3.2 was or becomes publicly known through no wrongful act of Recipient or a third-party; 
  

  

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 12.3.3 was rightfully obtained by Recipient from a third-party without similar
restriction and without breach hereof; 
  
 12.3.4
was used or disclosed by Recipient with the prior written authorization of the other party; 
  
 12.3.5 was disclosed pursuant to the requirement or request of a governmental agency, which disclosure cannot be made in confidence,
provided that, in such instance, Recipient shall first give to the other party notice of such requirement or request; or 
  
 12.3.6 was disclosed pursuant to the order of a court of competent jurisdiction or a lawfully issued subpoena, provided that the Recipient
shall take reasonable steps to obtain an agreement or order that, to the greatest extent possible, this Agreement will be applicable to all disclosures under the court order or subpoena. 
  
 12.4 Unintentional Disclosure. Notwithstanding anything contained herein to the contrary, in the event that a
party is unintentionally exposed to any Confidential Information of the other party, the unintended recipient agrees that it shall not, directly or indirectly, disclose, divulge, reveal, report, use, or transfer such Confidential Information to any
person or entity or use such Confidential Information for any purpose whatsoever. 
  
 13. ASSIGNMENT. 
  
 Licensee shall not sublicense,
transfer or assign the Licensed Materials or this Agreement or any portion thereof, or any right or obligation thereunder, unless Licensee has obtained the prior written consent of Licensor, in Licensor’s sole and absolute discretion. Any
attempted assignment in violation of this Section 13 shall be void. 
  
 14. TERMINATION AND DEFAULT. 
  
 14.1
Termination. In the event Licensor terminates this Agreement Licensee shall return the Client Devices and all Licensed Material to the Licensor within five (5) business days. Either party may terminate this Agreement at any time
by giving three (3) business day’s written notice to the other party. 
  
 14.2 Default. Notwithstanding any other provision of this Agreement, the occurrence of any one or more of the following events shall constitute a non-exclusive Event of Default, (a) any
representation or warranty made hereof proves to be knowingly false or erroneous in any material way when made or shall fail to be true and correct in all material respect at any time during the term of this Agreement, or (b) a party’s
failure to perform any material obligation (whether or not expressly identified as material) contained in this Agreement. 
  
 14.3 Rights upon Default. Upon an Event of Default, the non-defaulting party shall have the right to (a) terminate this Agreement upon
written notice, (b) cease providing services, including terminating access to the Client Software, and (c) seek all legal and equitable remedies permitted by applicable law and the terms of this Agreement. To the extent permitted by
applicable law, the remedies set forth in this subsection 14.3 shall be cumulative and not exclusive, and may be exercised successively or concurrently. 
  
 15. MISCELLANEOUS. 
  
 15.1 Covenant not to Employ. During the term of this Agreement, and for a period of one (1) calendar year from the date of its
termination, each party agrees that it shall not employ or solicit the employment of any employee of the other party, without the prior, written consent of the employee’s current employer. 
  
 15.2 Notices. Any notice, consent or other communication in
connection with this Agreement shall be effective on the date sent and shall be delivered by personal service, via facsimile with written confirmation of receipt or by express overnight delivery. Notices should be addressed as indicated at the
beginning of this Agreement. 
  

  

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 15.3 Severability. If any provision of this Agreement is held invalid or unenforceable by a
court of competent jurisdiction, such provision will be deemed modified only to the extent necessary to render that provision valid or excluded from this Agreement, as the situation may require; and this Agreement shall be enforced and construed as
if such provision had been included as so modified. 
  
 15.4
Fees and Expenses. If either party institutes an action to enforce this Agreement or any of its terms, the prevailing party shall also be entitled to receive all of its costs, expenses and reasonable attorneys’ fees. 

 
 15.5 Relationship of the Parties. The relationship of the
parties established by this Agreement is solely that of independent contractors, and nothing contained in this Agreement shall be construed to make Licensee (or its agents or employees) the representative, agent, or co-venturer of Licensor for
any purpose. No employee, agent or representative of Licensor has the authority to bind Licensor to any oral representation or warranty concerning the Licensed Material. Any written representation or warranty not expressly contained herein shall not
be enforceable by Licensee. 
  
 15.6 Survival of
Provisions. The rights and obligations created under Sections 8 through 14, and all accrued and unpaid obligations arising in this Agreement, shall survive the termination of this Agreement. 
  
 15.7 Governing Law. This Agreement and the obligations
contained herein shall be governed and construed, performed and enforced in accordance with the applicable laws of the United States of America, State of Florida and the Seminole Tribe of Florida without regard to conflict of law principles.

  
 15.8 Dispute Resolution. In the event of any
dispute, controversy, claim, question or difference arising out of or relating to this Agreement or any breach hereof, upon written notice by any party to the others, the dispute, claim, question or difference shall be finally settled by a binding
proceeding administered by the Tribal Council of the Seminole Tribe of Florida or as otherwise specifically delegated under the provisions of the Amended Constitution and Bylaws of the Tribe. Nothing herein shall be construed as a waiver of the
Tribe’s sovereign immunity from any suit in any federal or state court. This agreement is intended to be binding upon the signatories hereto and their successors and assigns. 
  
 15.9 Title to Devices. The Devices are provided by PokerTek to Licensee only for the term of this
Agreement. The Devices shall remain the sole and exclusive property of PokerTek and shall never become by agreement, act of law, or otherwise, security for any obligation, or property of Licensee. Should Licensee cease doing business for any
reason, fail to maintain all required gaming licenses, or in the event of default by Licensee, in addition to any other remedy at law or equity, PokerTek may enter upon the premises of Licensee and retake the Devices. Nothing in this Agreement
will be construed as conveying any ownership right, title or interest in or to the Devices of the intellectual and proprietary rights associated therewith. Licensee shall keep the Devices at all times free and clear of any and all claims,
liens, levies, processes, security interest and encumbrances, except for any security interest granted to PokerTek by Licensee. The filing of a petition by or against Licensee under any section of the Bankruptcy Act shall constitute a default
hereunder and PokerTek may thereafter terminate this Agreement. Licensee shall not interfere with the right to remove the Devices in this event.
  
 15.10 Delays or Omissions. Unless specifically limited by the particular provision giving rise thereto, no delay or omission in exercising
any right, power or obligation accruing to either party hereunder shall impair any such right, power or obligation; nor shall it be construed to be a waiver of any such breach or default, or an acquiescence thereto, or of any similar breach or
default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default thereto. Any waiver, permit, consent or approval of any kind or character of any breach or default hereunder, or any
waiver on the part of either party of any provisions or conditions hereof, must be in writing. All remedies, either hereunder or by applicable law or otherwise afforded to either party, shall be cumulative and not alternative. 
  
 15.11 Compliance with Applicable Laws. Without limiting any
other provision of this Agreement, Licensee shall be solely responsible for complying with all applicable laws and regulations applicable in any nation, or political subdivision thereof, in which it engages in business thereunder. 
  

  

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 15.12 Force Majeure. Neither party shall be liable to the other by reason of any failure of
performance hereunder (except obligations to pay) if such failure arises out of causes beyond such party’s reasonable control, despite the reasonable efforts, and without the fault or negligence of such party. A party experiencing such an
event shall give as prompt notice as possible under the circumstances. 
  
 15.13 Further Assurances. The parties hereto shall each perform such acts, execute and deliver such instruments and documents, and do all such other things as may be reasonably necessary to accomplish the transactions
contemplated in this Agreement. 
  
 15.14 Entire Agreement;
Amendment. The Agreement constitutes the complete and exclusive agreement of the parties with respect to the licensing of the Licensed Materials to Licensee, superseding all other communications of any kind by any means between Licensor and
Licensee relating to the subject matter of this Agreement. The parties have read this Agreement, and they agree to be bound by its terms. Any amendment or waiver of this Agreement or any exhibit thereto, must be in writing, executed by the parties
hereto. 
  
 15.15 Successors and Assigns. All
provisions of this Agreement shall be binding upon, inure to the benefit of and be enforceable by and against the respective successors and permitted assigns of the parties. 
  
 Executed and effective this 1st
day of September, 2005. 
  

							
	PokerTek, Inc.:	 	 	 	 	 	Seminole Tribe of Florida:
				
	/s/ Lou White	 	 	 	 	 	/s/ Brad Buchanan
	Signature	 	 	 	 	 	Signature
	 	 	 	 	 	 	 
				
	Lou White	 	 	 	 	 	Brad Buchanan
	Printed Name	 	 	 	 	 	Printed Name
	 	 	 	 	 	 	 
				
	 President & CEO
	 	 	 	 	 	Exec.Vice President & CFO, Gaming Administration
	 Title
	 	 	 	 	 	 Title

	 	 	 	 	 	 	 
				
	 September 1, 2005
	 	 	 	 	 	September 1, 2005
	 Date
	 	 	 	 	 	 Date

  

  

 9CERTIFICATE OF DESIGNATION
                           --------------------------

                                       OF
                                       --

                      SERIES A CONVERTIBLE PREFERRED STOCK
                      ------------------------------------

                                       OF
                                       --

                             GIFT LIQUIDATORS, INC.
                             ----------------------

 ------------------------------------------------------------------------------
                      Pursuant to Section 18-1032(G)(1) of
                      the Oklahoma General Corporation Act
 ------------------------------------------------------------------------------

         We, the undersigned, Max Colclasure, being the President of Gift
Liquidators, Inc. (the "Corporation"), and Ronald Hurt, being the Secretary of
the Corporation, hereby certify, pursuant to Section 18-1032(G)(1) of the
Oklahoma General Corporation Act that:

         FIRST:   The name of the Corporation is Gift Liquidators, Inc.

         SECOND: The Certificate of Incorporation of the Corporation was
originally filed with the Secretary of State on August 18, 1968, and was amended
on each of January 4, 1990, December 17, 1990, and December 20, 2002.

         THIRD: Pursuant to authority thereby vested in the Board of Directors
by Article FIFTH of the Corporation's Certificate of Incorporation, the Board of
Directors adopted the following resolutions on September 29, 2005, establishing
a series of 11,000 shares of Preferred Stock of the Corporation:

                  RESOLVED, that pursuant to Section 18-1032(G)(1) of the
Oklahoma General Corporation Act, and Article FIFTH of the Corporation's
Certificate of Incorporation, there is hereby established a series of the
Corporation's Preferred Stock having the following terms and designations:

         Section 1. Designation and Amount. The shares of such series having a
par value of $0.01 per share shall be designated as "Series A Convertible
Preferred Stock" (the "Series A Preferred Stock") and the number of shares
constituting such series shall be 11,000. The relative rights, preferences and
limitations of the Series A Preferred Stock shall be in all respects identical,
share for share, to the Common Stock of the Corporation, except as otherwise
provided herein.

                                       1
<PAGE>

         Section 2. Dividends. The holders of Series A Preferred Stock shall be
entitled to receive dividends and other distributions when, as and if declared
by the Board of Directors out of funds legally available for such purposes. If
at any time the Corporation declares any dividend or other distribution on its
Common Stock and there are shares of its Series A Preferred Stock issued and
outstanding, then a dividend or other distribution shall also be declared on the
Series A Preferred Stock payable at the same time and on the same terms and
conditions, entitling each holder of Series A Preferred Stock to receive the
dividend or distribution such holder would have received had such holder
converted the Series A Preferred Stock as of the record date for determining
stockholders entitled to receive such dividend or distribution.

         Section 3. Voting Rights. Except as otherwise provided by the Oklahoma
General Corporation Act, the Series A Preferred Stock and the Common Stock of
the Corporation shall vote as one class, with the holder of each share of Series
A Preferred Stock entitled to the number of votes equal to the number of shares
of Common Stock into which such share of Series A Preferred Stock could have
been converted as of the record date for determining the stockholders having
notice of and to vote at such meeting.

         Section 4. Reacquired Shares. Any shares of the Series A Preferred
Stock redeemed or purchased or otherwise acquired by the Corporation in any
manner whatsoever shall be retired and cancelled promptly after the acquisition
thereof. All such shares shall upon their cancellation become authorized but
unissued shares of Preferred Stock, unless otherwise provided for in the
Certificate of Incorporation of the Corporation, and may be reissued as part of
a new series of Preferred Stock to be created by resolution or resolutions of
the Board of Directors, subject to the conditions or restrictions on issuance
set forth herein.

         Section 5. Liquidation, Dissolution or Winding Up. Upon the
liquidation, dissolution or winding up of the Corporation, no distribution shall
be made (a) to the holders of stock ranking junior (either as to dividends or
upon liquidation, dissolution or winding up) to the Series A Preferred Stock
unless, prior thereto, the holders of Series C Preferred Stock shall have
received a liquidation preference of $0.91 per share, plus an amount equal to
unpaid dividends thereon, if any, including accrued dividends, whether or not
declared, to the date of such payment, or (b) to the holders of stock ranking on
a parity (either as to dividends or upon liquidation, dissolution or winding up)
with the Series A Preferred Stock, except distributions made ratably on the
Series A Preferred Stock and all other such parity stock in proportion to the
total amounts to which the holders of all such shares are entitled upon such
liquidation, dissolution or winding up. For purposes of this Certificate, (1)
the sale, conveyance, exchange or transfer of all or substantially all of the
property and assets of the Corporation, or (2) the consolidation or merger of
the Corporation with or into any other corporation (in which the Corporation is
not the surviving entity) shall be deemed to be a liquidation, dissolution or
winding up of the Corporation within the meaning of this Section 5 if so elected
by a majority of the outstanding shares of Series A Preferred Stock, in their
sole discretion. For purposes of this Certificate the term "junior stock" shall
mean the Common Stock and any other class or series of shares of the Corporation
hereafter authorized over which Series A Preferred Stock has preference or
priority in the payment of dividends or in the distribution of assets on any
liquidation, dissolution or winding up of the Corporation.

                                       2
<PAGE>

         Section 6.        Conversion.

                  (a) Subject to the provisions for adjustments hereinafter set
forth, each share of the Series A Preferred Stock shall be convertible, at any
time hereafter, at the option of the holder thereof, in the manner hereinafter
set forth, into seventy-five (75) fully paid and non-assessable shares of Common
Stock of the Corporation.

                  (b) The number of shares of Common Stock into which each share
of Series A Preferred Stock is convertible shall be adjusted from time to time
as follows:

                           (i) In case the Company shall (A) subdivide the
outstanding shares of its Common Stock into a larger number of shares, (B)
combine the outstanding shares of its Common Stock into a smaller number of
shares, or (C) issue by reclassification of its Common Stock any shares of the
Company, each holder of Series A Preferred Stock shall thereafter be entitled
upon conversion to receive for each share of Series A Preferred Stock held by
him the number of shares of the Company which he would have owned or have been
entitled to receive after the happening of one of the events described above in
this clause (i) had such share of Series A Preferred Stock been converted
immediately prior to the happening of such event. Such adjustment shall become
effective on the day next following the day upon which such subdivision,
combination or reclassification shall become effective.

                           (ii) In case the Company shall consolidate or merge
into or with another corporation, or in case the Company shall sell or convey to
any other person or persons all or substantially all the property of the
Company, or in case the Company shall effect a capital reorganization or
reclassification of its Common Stock, each holder of Series A Preferred Stock
then outstanding shall have the right thereafter to convert each share of Series
A Preferred Stock held by him into the kind and amount of shares of stock, other
securities, cash, and property receivable upon such consolidation, merger, sale,
conveyance, reorganization or reclassification by a holder of the number of
shares of Common Stock into which such share might have been converted
immediately prior to such consolidation, merger, sale, conveyance,
reorganization or reclassification and shall no other conversion rights. In any
such event, effective provision shall be made, in the certificate or articles or
incorporation of the resulting or surviving corporation or otherwise or in any
contracts of sale and conveyance so that, so far as appropriate and as nearly as
reasonably may be, the provisions set forth herein for the protection of the
conversion rights of the shares of Series A Preferred Stock shall thereafter be
made applicable. Such adjustments shall be made successively whenever any event
listed above shall occur.

                  (c) In the event that at any time, as a result of an
adjustment made pursuant to this Section 6, the holder of any share of Series A
Preferred Stock thereafter converted shall become entitled to receive any shares
of capital stock or other securities of the Company other than shares of its
Common Stock, thereafter the number of such other shares of capital stock or
other securities so receivable upon conversion of Series A Preferred Stock shall
be subject to adjustment from time to time in a manner and on terms as nearly

                                       3
<PAGE>

equivalent as practicable to the provisions with respect to shares of the
Company's Common Stock contained in this Section 6, and the provisions of this
Certificate with respect to shares of the Company's Common Stock shall apply, to
the extent applicable, on like terms to any such other shares of capital stock
or warrants or other securities.

                  (d) If any adjustment in the number of shares of Common Stock
into which each share of the Series A Preferred Stock may be converted as
required pursuant to this Section 6 would result in an increase or decrease of
less than 1% in the number of shares of Common Stock into which each share of
the Series A Preferred Stock is then convertible, the amount of any such
adjustment shall be carried forward, and adjustment with respect thereto shall
be made at the time of and together with any subsequent adjustment which,
together with such amount and any other amount or amounts so carried forward,
shall aggregate at least 1% of the number of shares of Common Stock into which
each share of the Series A Preferred Stock is then convertible. All calculations
under this Section 6(d) shall be made to the nearest one-hundredth of a share.

                  (e) The Board of Directors may, but shall not be required to,
increase the number of shares of Common Stock into which each share of the
Series A Preferred Stock may be converted, in addition to the adjustment
required by this Section 6, as shall be determined by it (as evidenced by a
resolution of the Board of Directors) to be advisable in order to avoid or
diminish any income deemed to be received by any holder of the Common Stock or
Series A Preferred Stock resulting from any dividend or distribution of stock or
issuance of rights or warrants to purchase or subscribe for stock or from any
event treated as such for federal income tax purposes.

                  (f) The holder of any shares of the Series A Preferred Stock
may exercise his or its option to convert such shares into shares of Common
Stock by surrendering for such purpose to the Corporation, at its principal
office or at such other office or agency maintained by the Corporation for that
purpose, a certificate or certificates representing the shares of Series A
Preferred Stock to be converted accompanied by a written notice stating that
such holder elects to convert all or a specified whole number of such shares in
accordance with the provisions of this Section 6 and specifying the name or
names in which such holder wishes the certificate or certificates for shares of
Common Stock to be issued. In case such notice shall specify a name or names
other than that of such holder, such notice shall be accompanied by payment of
all transfer taxes payable upon the issuance of shares of Common Stock in such
name or names. As promptly as practicable, and in any event within five business
days after the surrender of such certificates and the receipt of such notice
relating thereto and, if applicable, payment of all transfer taxes, the
Corporation shall deliver or cause to be delivered (i) certificates representing
the number of validly issued, fully paid and non-assessable shares of Common
Stock of the Corporation to which the holder of the Series A Preferred Stock so
converted shall be entitled and (ii) if less than the full number of shares of
the Series A Preferred Stock evidenced by the surrendered certificate or
certificates, of like tenor, for the number of shares evidenced by such
surrendered certificate or certificates less the number of shares converted.
Such conversions shall be deemed to have been made at the close of business on
the date of giving of such notice and of such surrender of the certificate or
certificates representing the shares of the Series A Preferred Stock to be
converted so that the rights of the holder thereof shall cease except for the
right to receive Common Stock of the Corporation in accordance herewith, and the
converting holder shall be treated for all purposes as having become the record
holder of such Common Stock of the Corporation at such time.

                                       4
<PAGE>

                  (g) Upon conversion of any shares of the Series A Preferred
Stock, the holder thereof shall not be entitled to receive any accumulated,
accrued or unpaid dividends in respect of the shares so converted, provided,
however, that such holder shall be entitled to receive any dividends on such
shares of the Series A Preferred Stock declared prior to such conversion if such
holder held such shares on the record date fixed for the determination of
holders of the Series A Preferred Stock entitled to receive payment of such
dividend.

                  (h) The transfer of shares of Series A Preferred Stock by any
holder shall constitute an automatic conversion of such shares into Common Stock
in accordance with 6(a) hereof; provided, however, that the holder of Series A
Preferred Stock may transfer such shares without triggering such automatic
conversion if a transfer is made to (i) the holder's spouse, children or issue,
trustee of trusts or custodians for his benefit or for the benefit of his
spouse, children or issue, or (ii) any entity controlled by or under common
control with such holder or his spouse, children or issue, or (iii) by operation
of law pursuant to rights of testacy and intestacy.

                  (i) The Corporation shall at all times reserve and keep
available out of its authorized Common Stock the full number of shares of Common
Stock of the Corporation or other securities assumable upon the conversion of
all outstanding shares of the Series A Preferred Stock.

         Section 7. Adjustments for Consolidation, Merger, etc. Prior to the
consummation of a consolidation or merger or a sale of substantially all of the
property of the Company as described in Section 6(b)(ii) hereof, each
corporation, including this Corporation, which may be required to deliver any
stock, securities cash or other property to the holders of shares of the Series
A Preferred Stock shall assume, by written instrument delivered to each transfer
agent of the Series A Preferred Stock, the obligation to deliver to such holder
such shares of stock, securities, cash or other property to which, in accordance
with the provisions of Section 6, such holder may be entitled and each such
corporation shall have furnished to each such transfer agent or person acting in
a similar capacity, including the Corporation, an opinion of counsel for such
corporation, stating that such assumption agreement is legal, valid and binding
upon such corporation.

         Section 8. Reports as to Adjustments. Whenever the number of shares of
Common Stock into which the shares of the Series A Preferred Stock are
convertible is adjusted as provided in Section 6, the Corporation shall (a)
promptly compute such adjustment and furnish to each transfer agent or person
acting in a similar capacity, including the Corporation, for the Series A
Preferred Stock, a certificate, signed by a principal financial officer of the
Corporation, setting forth the number of shares of Common Stock into which each
share of Series A Preferred Stock is convertible as a result of such adjustment
and the computation thereof and when such adjustment will become effective, and
(b) promptly mail to the holders of record of the outstanding shares of the
Series A Preferred Stock a notice stating that the number of shares into which
the shares of Series A Preferred Stock are convertible has been adjusted and
setting forth the new number of shares into which each share of the Series A
Preferred Stock is convertible as a result of such adjustment and when such
adjustment will become effective.

                                       5
<PAGE>

         Section 9.        Notices of Corporate Action.  In the event of:
                           ---------------------------

                  (a) any taking by the Corporation of a record of the holders
of its Common Stock for the purpose of determining the holders thereof who are
entitled to receive any dividend (other than a dividend payable solely in cash
or shares of common stock) or other distribution, or any right or warrant to
subscribe for, purchase or otherwise acquire any shares of stock of any class or
any other securities or property, or to receive any other right;

                  (b) any capital reorganization, reclassification or
recapitalization of the Corporation (other than a subdivision or combination of
the outstanding shares of its common stock), any consolidation or merger
involving the Corporation and any other person (other than a consolidation or
merger with a wholly-owned subsidiary of the Corporation, provided that the
Corporation is the surviving or the continuing corporation and no change occurs
in the common stock), or any transfer of all or substantially all the assets of
the Corporation to any other person; or

                  (c) any voluntary or involuntary dissolution, liquidation or
winding up of the Corporation;

                  then, and in each such case, the Corporation shall cause to be
mailed to each transfer agent for the shares of the Series A Preferred Stock and
to the holders of record of the outstanding shares of the Series A Preferred
Stock, at least 20 days (or 10 days in case of any event specified in clause (a)
above) prior to the applicable record or effective date thereinafter specified,
a notice stating (i) the date or expected date on which any such record is to be
taken for the purpose of such dividend, distribution or right, or (ii) the date
or expected date to which any such reorganization, reclassification,
recapitalization, consolidation, merger, transfer, dissolution, liquidation or
winding up is to take place and the time, if any such time is to be fixed, as of
which the holders of record of Common Stock shall be entitled to exchange their
shares of Common Stock for the securities or other property deliverable upon
such reorganization, reclassification, recapitalization, consolidation, merger,
transfer, dissolution, liquidation or winding up. Such notice shall also state
whether such transaction will result in any adjustment in the number of shares
of Common Stock into which each share of the Series A Preferred Stock shall be
convertible upon such adjustment and when such adjustment will become effective.
The failure to give any notice required by this Section 9, or any defect
therein, shall not affect the legality or validity of any such action requiring
such notice.

            [THE REMAINDER OF THIS PAGE IS LEFT BLANK INTENTIONALLY]

                                       6
<PAGE>

         IN WITNESS WHEREOF, the undersigned, being the President and Secretary
of the Corporation, do hereby execute this Certificate of Designation, here
declaring that this is their free act and deed and that the facts stated herein
are true and accordingly have hereunto set their hands as of this 29th day of
September, 2005.

                               GIFT LIQUIDATORS, INC.

                               By:      /s/ Max Colclasure
                                  ----------------------------------------------
                                        Max Colclasure,
                                        President

                               By:      /s/ Ronald Hurt
                                  ----------------------------------------------
                                        Ronald Hurt,
                                        Secretary

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