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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
      <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>SECURITIES
          AND EXCHANGE COMMISSION</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Washington,
          D.C. 20549</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>Form
          8-K</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>CURRENT
          REPORT</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Pursuant
          to Section 13 or 15(d)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">of
          the Securities Exchange Act of 1934</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Date
          of Report (Date of Earliest event Reported): April 14, 2006 </font><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><u>WINWIN
          GAMING, INC.</u></strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">(Exact
          name of registrant as specified in its charter)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div>
          <table cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td valign="top" width="27%" style="border-bottom: black thin solid;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Delaware</font></div>
                </td>
                <td valign="top" width="27%" style="border-bottom: black thin solid;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">0-21566</font></div>
                </td>
                <td valign="top" width="27%" style="border-bottom: black thin solid;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">84-1219819</font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="27%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(State
                    or Other Jurisdiction of Incorporation or Organization)</font></div>
                </td>
                <td valign="top" width="27%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Commission
                    File Number)</font></div>
                </td>
                <td valign="top" width="27%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(IRS
                    Employer Identification No.)</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">8687
          West
          Sahara, Suite 201, Las Vegas, Nevada 89117</font></div>
        <div>&#160;

          <div>
            <hr style="COLOR: black" align="center" noshade size="2" width="50%">
          </div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Address
          of Principal Executive Offices</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Zip
          Code</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(702)
          212-4530</font></div>
        <div>&#160;

          <div>
            <hr style="COLOR: black" align="center" noshade size="2" width="50%">
          </div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registrant&#8217;s
          Telephone Number, Including Area Code</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check
          the
          appropriate box below if the Form 8-K filing is intended to simultaneously
          satisfy the filing obligation of the registrant under any of the following
          provisions (</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>see</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
          General
          Instruction A.2. below):</font><br></div>
        <div>
          <div><br>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Written
              communications pursuant to Rule 425 under the Securities Act (17 CFR
              230.425)</font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font style="FONT-FAMILY: Wingdings">o</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Soliciting
              material
              pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font style="FONT-FAMILY: Wingdings">o</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Pre-commencement
              communications pursuant to Rule 14d-2(b) under the Exchange Act (17
              CFR
              240.14d-2(b))</font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font style="FONT-FAMILY: Wingdings">o</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Pre-commencement
              communications pursuant to Rule 13e-4(c) under the Exchange Act (17
              CFR
              240.13e-4(c))</font></div>
          </div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div><br>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
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            </div>
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            <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: ">1</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>Item
          1.01. Entry Into a Material Definitive Agreement.</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em>Background</em></strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">On
          September 30, 2005, WinWin Gaming, Inc. ("WinWin") entered into a joint
          venture
          agreement with Solidus Networks, Inc. ("PBT"). Pursuant to the joint venture
          agreement and a related note and security agreement, as subsequently amended,
          PBT loaned WinWin, $2.5 million. This loan will mature on April 30, 2006.
          </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em>The
          Amended and Restated Joint Venture Agreement</em></strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><u>The
          Closings and the Closing Conditions</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">On
          April 14, 2006, WinWin entered into an amended and restated joint venture
          agreement with PBT. The amended and restated joint venture agreement amends
          and
          restates the original joint venture agreement that was entered into between
          WinWin and PBT on September 30, 2006. Pursuant to the amended and restated
          joint
          venture agreement, WinWin agreed to sell to PBT, and PBT agreed to purchase
          from
          WinWin, shares of WinWin&#8217;s series A preferred stock (which would initially be
          convertible into shares of WinWin common stock at a ratio of ten shares
          of
          WinWin common stock for each share of WinWin series A preferred stock)
          at a
          purchase price of $7.91 per share.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">The
          amended and restated joint venture agreement contemplates two closings.
          Each
          closing is subject to several closing conditions, which are described in
          more
          detail below. At the first closing, which is to occur on or before September
          30,
          2006, PBT is expected to acquire from WinWin a number of shares of WinWin
          series
          A preferred stock that will equal 19% of the outstanding capital stock
          of WinWin
          on an as-converted-to-common basis as of immediately following the first
          closing. PBT is expected to pay for these shares by (i)&#160;canceling all
          principal and accrued interest on the promissory note that evidences the
          $2.5
          million loan described above and (ii)&#160;issuing to WinWin shares of PBT&#8217;s
          series C preferred stock at a deemed value of $5.00 per share to pay the
          balance
          of the purchase price for the WinWin shares acquired at the first
          closing.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">The
          first closing is subject to the satisfaction or waiver of several closing
          conditions, including the following conditions:</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div align="center">
          <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

              <tr bgcolor="white">
                <td width="2%">&#160;</td>
                <td valign="top" width="3%">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Symbol, serif">&#183;</font></div>
                </td>
                <td width="92%">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">approval
                    of the amended and restated joint venture agreement by PBT&#8217;s board of
                    directors;</font></div>
                </td>
                <td width="3%">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td width="2%">&#160;</td>
                <td valign="top" width="3%">&#160;</td>
                <td width="92%">&#160;</td>
                <td width="3%">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td width="2%">&#160;</td>
                <td valign="top" width="3%">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Symbol, serif">&#183;</font></div>
                </td>
                <td width="92%">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">the
                    execution and delivery of an investment option agreement (described
                    below);</font></div>
                </td>
                <td width="3%">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td width="2%">&#160;</td>
                <td width="3%">&#160;</td>
                <td width="92%">&#160;</td>
                <td width="3%">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td width="2%">&#160;</td>
                <td valign="top" width="3%">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Symbol, serif">&#183;</font></div>
                </td>
                <td width="92%">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">an
                    increase in the authorized number of WinWin&#8217;s board of directors to seven,
                    with at least two vacancies;</font></div>
                </td>
                <td width="3%">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td width="2%">&#160;</td>
                <td width="3%">&#160;</td>
                <td width="92%">&#160;</td>
                <td width="3%">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td width="2%">&#160;</td>
                <td valign="top" width="3%">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Symbol, serif">&#183;</font></div>
                </td>
                <td width="92%">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">the
                    execution and delivery of a registration rights agreement (described
                    below); </font></div>
                </td>
                <td width="3%">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td width="2%">&#160;</td>
                <td width="3%">&#160;</td>
                <td width="92%">&#160;</td>
                <td width="3%">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td width="2%">&#160;</td>
                <td valign="top" width="3%">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Symbol, serif">&#183;</font></div>
                </td>
                <td width="92%">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">the
                    execution and delivery of a sales representative agreement (described
                    below);</font></div>
                </td>
                <td width="3%">&#160;</td>
              </tr>

          </table>
        </div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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            <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: ">2</font></div>
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              <hr style="COLOR: black" noshade size="2">
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          <div>&#160;</div>
          <div>
            <div align="center">
              <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                  <tr bgcolor="white">
                    <td width="2%">&#160;</td>
                    <td valign="top" width="3%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Symbol, serif">&#183;</font></div>
                    </td>
                    <td width="92%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">approval
                          of an amendment and restatement of WinWin&#8217;s certificate of incorporation
                          (described below) by a majority in interest of WinWin&#8217;s stockholders;
                          and</font></div>
                      </div>
                    </td>
                    <td width="3%">&#160;</td>
                  </tr>
                  <tr bgcolor="white">
                    <td width="2%">&#160;</td>
                    <td width="3%">&#160;</td>
                    <td width="92%">&#160;</td>
                    <td width="3%">&#160;</td>
                  </tr>
                  <tr bgcolor="white">
                    <td width="2%">&#160;</td>
                    <td valign="top" width="3%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Symbol, serif">&#183;</font></div>
                    </td>
                    <td width="92%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">the
                          filing by WinWin of an amended and restated certificate
                          of incorporation
                          with the Secretary of State of the State of Delaware;
                          and</font></div>
                      </div>
                    </td>
                    <td width="3%">&#160;</td>
                  </tr>
                  <tr bgcolor="white">
                    <td width="2%">&#160;</td>
                    <td valign="top" width="3%">&#160;</td>
                    <td width="92%">&#160;</td>
                    <td width="3%">&#160;</td>
                  </tr>
                  <tr bgcolor="white">
                    <td width="2%">&#160;</td>
                    <td valign="top" width="3%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Symbol, serif">&#183;</font></div>
                    </td>
                    <td width="92%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">other
                          customary conditions such as the accuracy of representations
                          and
                          warranties, performance of covenants, delivery of certificates
                          and
                          opinions and the absence of any legal proceedings that
                          question the
                          validity of the transactions contemplated by the amended
                          and restated
                          joint venture agreement.</font></div>
                      </div>
                    </td>
                    <td width="3%">&#160;</td>
                  </tr>

              </table>
            </div>
            <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
              <div id="FTR">&#160;</div>
            </div>
          </div>
          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">If
            the transactions contemplated by the first closing are completed, then
            at any
            time on or before April 14, 2007, PBT may, at its option, which is exercisable
            or not within PBT&#8217;s sole discretion, purchase additional shares of WinWin series
            A preferred stock sufficient for PBT to increase its ownership interest
            in
            WinWin up to thirty-five percent (35%) of WinWin&#8217;s capital stock on a fully
            diluted, as-converted-to-common stock, basis. PBT may pay the purchase
            price for
            these second closing shares either in cash, through the issuance of shares
            of
            PBT series C preferred stock with a deemed value of $5.00 per share,
            or a
            combination of both. </font></div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">The
          second closing is also subject to the satisfaction or waiver of closing
          conditions, including, customary conditions such as the accuracy of
          representations and warranties, performance of covenants, delivery of
          certificates and opinions and the absence of any legal proceedings that
          question
          the validity of the transactions contemplated by the amended and restated
          joint
          venture agreement.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><u>Covenants</u></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">WinWin
          agreed to various covenants in the amended and restated joint venture agreement.
          Among other things, these covenants impose obligations on WinWin to make
          required filings under state and federal securities laws, to obtain the
          requisite stockholder vote to amend WinWin&#8217;s certificate of incorporation, to
          provide PBT with access to WinWin&#8217;s senior management, accountants, records and
          other documents, and to provide PBT with financial and other information
          regarding WinWin. </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Other
          material covenants and obligations of WinWin under the amended and restated
          joint venture agreement, include the following:</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>Board
          of Directors</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">.
          At the request of PBT, WinWin&#8217;s board must nominate two directors designated by
          PBT for election to the board of directors of WinWin, and during any period
          when
          PBT has the right to elect board members, but has not done so, WinWin must
          maintain at least two vacancies on its board of directors.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>Cooperation</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">.
          Until December 31, 2006, WinWin is obligated to provide PBT with the following
          support:</font></div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: ">3</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
          <div align="center">
            <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                <tr bgcolor="white">
                  <td width="2%">&#160;</td>
                  <td valign="top" width="3%">
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Symbol, serif">&#183;</font></div>
                  </td>
                  <td width="92%">
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">a
                        reasonable amount of selling support to assist in driving
                        PBT&#8217;s biometric
                        authentication and payment solutions into the Chinese video
                        lottery
                        terminal solution that is being prepared for rollout across
                        China.
                        </font></div>
                    </div>
                  </td>
                  <td width="3%">&#160;</td>
                </tr>
                <tr bgcolor="white">
                  <td width="2%">&#160;</td>
                  <td width="3%">&#160;</td>
                  <td width="92%">&#160;</td>
                  <td width="3%">&#160;</td>
                </tr>
                <tr bgcolor="white">
                  <td width="2%">&#160;</td>
                  <td valign="top" width="3%">
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Symbol, serif">&#183;</font></div>
                  </td>
                  <td width="92%">
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Introductions
                        to senior Chinese government officials with whom WinWin has
                        relationships
                        for the purpose of promoting PBT solutions into other applications
                        beyond
                        video lottery terminals.</font></div>
                    </div>
                  </td>
                  <td width="3%">&#160;</td>
                </tr>
                <tr bgcolor="white">
                  <td width="2%">&#160;</td>
                  <td valign="top" width="3%">&#160;</td>
                  <td width="92%">&#160;</td>
                  <td width="3%">&#160;</td>
                </tr>
                <tr bgcolor="white">
                  <td width="2%">&#160;</td>
                  <td valign="top" width="3%">
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Symbol, serif">&#183;</font></div>
                  </td>
                  <td width="92%">
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">support
                        from WinWin&#8217;s Chinese general counsel for the purpose of making
                        introductions and helping provide tactical and strategic
                        guidance to PBT
                        in connection with its entry into China.</font></div>
                    </div>
                  </td>
                  <td width="3%">&#160;</td>
                </tr>
                <tr bgcolor="white">
                  <td width="2%">&#160;</td>
                  <td width="3%">&#160;</td>
                  <td width="92%">&#160;</td>
                  <td width="3%">&#160;</td>
                </tr>
                <tr bgcolor="white">
                  <td width="2%">&#160;</td>
                  <td valign="top" width="3%">
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Symbol, serif">&#183;</font></div>
                  </td>
                  <td width="92%">
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">physical
                        and logistical support for PBT&#8217;s entry into China, including providing
                        access to WinWin&#8217;s distribution channels and making available without
                        charge a limited amount of office space in Shanghai.</font></div>
                    </div>
                  </td>
                  <td width="3%">&#160;</td>
                </tr>

            </table>
          </div>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div id="FTR">&#160;</div>
          </div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">In
          addition, under the terms of the cooperation covenants, PBT is required
          to
          provide WinWin with reasonable support and assistance in promotional
          consideration and exposure of WinWin products, services and technologies.
          PBT is
          also required to provide WinWin with reasonable support and assistance
          in
          identifying sources of equity and debt financing and strategic partners
          and
          assistance with obtaining financing from such sources.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Also,
          under the terms of the cooperation covenants, both parties must use commercially
          reasonable efforts to identify and exploit opportunities for the benefit
          of both
          parties.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>Financial
          Covenant.</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">
          If at any time WinWin or its accountants determine that WinWin has a material
          weakness in its internal controls over financial reporting, WinWin must
          promptly
          provide notice of this determination to PBT and, upon the written request
          of PBT
          remediate the material weakness within three months of the determination,
          provided that WinWin has available funds (as defined in the amended and
          restated
          joint venture agreement) to do so or that PBT agrees to reimburse the reasonable
          costs of the remediation above specified levels.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>Negative
          Pledge.</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">
          WinWin agreed not to sell, transfer, pledge or otherwise encumber WinWin&#8217;s
          rights in the shares of PBT series C preferred stock that it may acquire
          under
          the amended and restated joint venture agreement. WinWin is also obligated
          to
          maintain, preserve and defend its title to the those shares. This covenant
          expires on the date following an initial public offering of PBT on which
          any
          lockup or market standoff restrictions applicable to PBT shares
          expire.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><u>Termination</u></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">The
          amended and restated joint venture agreement will terminate upon the mutual
          agreement of the parties. However, either party can terminate the agreement
          if
          (a) the first closing doesn&#8217;t occur on or before September 30, 2006 and (b) the
          failure to close is not due to the failure of the terminating party to
          perform
          an obligation or satisfy a condition to the first closing.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: ">4</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><u>Indemnification</u></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">The
          representations and warranties set forth in the amended and restated joint
          venture agreement expire one year following the closing at which the
          representations and warranties are made. Each party indemnifies the other
          party
          for inaccuracies in representations and warranties as of the date of the
          agreement and as of each closing date. Each party has the right to claw
          back the
          securities that it delivered to the other party under the amended and restated
          joint venture agreement that are sufficient to satisfy the damages that
          constitute the basis for the indemnification claim. Before PBT can make
          an
          indemnification claim to recover damages under the agreement, the extent
          of the
          damages must be at least $50,000 in the aggregate. Once the $50,000 threshold
          is
          achieved, then PBT would be able to seek indemnification for the entire
          amount
          of damages going back to the first dollar of damages. Each party&#8217;s maximum
          indemnification liability under the agreement is limited by the deemed
          value of
          the securities exchanged by that party under the agreement.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em>The
          Voting Agreement</em></strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">On
          April 14, 2006, stockholders of WinWin holding approximately 40% of the
          issued
          and outstanding common stock of WinWin entered into a voting agreement.
          Under
          the terms of the voting agreement these stockholders agreed not to transfer,
          pledge, otherwise encumber or dispose of their stock. They also agreed
          to vote
          their shares in favor of a proposed amendment and restatement of WinWin&#8217;s
          certificate of incorporation. The voting agreement will terminate on the
          earlier
          to occur of (i) the date that the amended and restated joint venture agreement
          terminates in accordance with its terms, or (ii) the date of the first
          closing
          under the amended and restated joint venture agreement.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><em>The
          Ancillary Agreements</em></strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">As
          noted above, at the first closing, WinWin will (a) amend and restate its
          certificate of incorporation, (b) enter into a registration rights agreement
          with PBT, (c) grant to PBT an investment option, and (d) enter into a sales
          representation agreement with PBT. Each of these agreements and instruments
          are
          described below:</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><u>The
          Amended and Restated Certificate of Incorporation</u></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">At
          or prior to the first closing, WinWin must amend and restate its certificate
          of
          incorporation to, among other things, (i) increase the number of authorized
          shares of WinWin&#8217;s capital stock to 810,000,000 with 750,000,000 shares of
          authorized common stock and 60,000,000 shares of authorized preferred stock,
          (ii) create a class of preferred stock to be designated as WinWin&#8217;s series A
          preferred stock, and (iii) to establish a purchase option and redemption
          right
          relating to WinWin&#8217;s common stock, including any common stock outstanding prior
          to the filing of the amended and restated certificate of
          incorporation.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>Terms
          of the WinWin Series A Preferred Stock.</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">
          The amended and restated certificate of incorporation, when filed, will
          establish a new series of WinWin preferred stock consisting of 60,000,000
          shares
          that will be designated as series A preferred stock. The series A preferred
          stock will have the following attributes:</font></div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: ">5</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
          <div>&#160;</div>
          <div>
            <div align="center">
              <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                  <tr bgcolor="white">
                    <td width="2%">&#160;</td>
                    <td valign="top" width="3%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Symbol, serif">&#183;</font></div>
                    </td>
                    <td width="92%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">The
                          series A preferred stock will rank prior to the common
                          stock and any other
                          series of preferred stock established by the board of directors
                          with
                          respect to dividend rights and rights on liquidation and
                          winding up of the
                          company.</font></div>
                      </div>
                    </td>
                    <td width="3%">&#160;</td>
                  </tr>
                  <tr bgcolor="white">
                    <td width="2%">&#160;</td>
                    <td width="3%">&#160;</td>
                    <td width="92%">&#160;</td>
                    <td width="3%">&#160;</td>
                  </tr>
                  <tr bgcolor="white">
                    <td width="2%">&#160;</td>
                    <td width="3%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Symbol, serif">&#183;</font></div>
                    </td>
                    <td width="92%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                        <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Theseries
                          A preferred stock is entitled to non-cumulative dividends,
                          payable at a
                          rate per annum equal to 8% of the original issue price
                          ($7.91 per share),
                          when and if declared by the board of directors of
                          WinWin.</font></div>
                      </div>
                    </td>
                    <td width="3%">&#160;</td>
                  </tr>
                  <tr bgcolor="white">
                    <td width="2%">&#160;</td>
                    <td width="3%">&#160;</td>
                    <td width="92%">&#160;</td>
                    <td width="3%">&#160;</td>
                  </tr>
                  <tr bgcolor="white">
                    <td width="2%">&#160;</td>
                    <td valign="top" width="3%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Symbol, serif">&#183;</font></div>
                    </td>
                    <td width="92%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                        <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Holders
                          of series A preferred stock will be entitled to distributions
                          upon
                          liquidation in the amount of the original issue price ($7.91
                          per share)
                          plus an additional amount equal to 8% of the original issue
                          price per year
                          and any declared, but unpaid dividends. The term liquidation
                          event
                          includes any acquisition of WinWin by another entity unless
                          WinWin&#8217;s
                          capital stock as constituted prior to the acquisition will
                          , immediately
                          after the acquisition represent at least 50% of the voting
                          power of the
                          surviving entity and it also includes a sale, lease transfer
                          or other
                          disposition of all or substantially all of the assets or
                          intellectual
                          property of WinWin.</font></div>
                      </div>
                    </td>
                    <td width="3%">&#160;</td>
                  </tr>
                  <tr bgcolor="white">
                    <td width="2%">&#160;</td>
                    <td width="3%">&#160;</td>
                    <td width="92%">&#160;</td>
                    <td width="3%">&#160;</td>
                  </tr>
                  <tr bgcolor="white">
                    <td width="2%">&#160;</td>
                    <td valign="top" width="3%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Symbol, serif">&#183;</font></div>
                    </td>
                    <td width="92%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">The
                          series A preferred stock votes together with all other
                          classes of capital
                          stock of the company on an as-converted-to-common basis.
                          The holders of
                          the series A preferred stock voting as a separate class
                          are also entitled
                          to elect two directors of WinWin.</font></div>
                      </div>
                    </td>
                    <td width="3%">&#160;</td>
                  </tr>
                  <tr bgcolor="white">
                    <td width="2%">&#160;</td>
                    <td valign="top" width="3%">&#160;</td>
                    <td width="92%">&#160;</td>
                    <td width="3%">&#160;</td>
                  </tr>
                  <tr bgcolor="white">
                    <td width="2%">&#160;</td>
                    <td valign="top" width="3%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Symbol, serif">&#183;</font></div>
                    </td>
                    <td width="92%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">As
                          long as at least 85% of the shares of series A preferred
                          stock first
                          issued remain outstanding, holders of a majority of the
                          shares of series A
                          preferred stock outstanding have the right to veto:</font></div>
                      </div>
                    </td>
                    <td width="3%">&#160;</td>
                  </tr>

              </table>
            </div>
            <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
              <div>&#160;</div>
              <div>
                <div align="center">
                  <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                      <tr bgcolor="white">
                        <td width="5%">&#160;</td>
                        <td valign="top" width="3%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">o</font></div>
                          </div>
                        </td>
                        <td width="89%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Any
                              alteration or change of the rights, preferences or
                              privileges of the
                              series A preferred stock;</font></div>
                          </div>
                        </td>
                        <td width="3%">&#160;</td>
                      </tr>
                      <tr bgcolor="white">
                        <td width="5%">&#160;</td>
                        <td width="3%">&#160;</td>
                        <td width="89%">&#160;</td>
                        <td width="3%">&#160;</td>
                      </tr>
                      <tr bgcolor="white">
                        <td width="5%">&#160;</td>
                        <td width="3%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">o</font></div>
                          </div>
                        </td>
                        <td width="89%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                            <div align="justify">
                              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">The
                                creation of any new series of stock that is senior
                                or on parity with the
                                series A preferred stock with respect to redemption,
                                voting, dividends or
                                distribution of assets upon a liquidation;</font></div>
                            </div>
                          </div>
                        </td>
                        <td width="3%">&#160;</td>
                      </tr>
                      <tr bgcolor="white">
                        <td width="5%">&#160;</td>
                        <td width="3%">&#160;</td>
                        <td width="89%">&#160;</td>
                        <td width="3%">&#160;</td>
                      </tr>
                      <tr bgcolor="white">
                        <td width="5%">&#160;</td>
                        <td valign="top" width="3%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">o</font></div>
                          </div>
                        </td>
                        <td width="89%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                            <div align="justify">
                              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">The
                                creation of any new class of stock unless the shares
                                of that new class of
                                stock are subject to the purchase option and redemption
                                rights of the
                                certificate of incorporation;</font></div>
                            </div>
                          </div>
                        </td>
                        <td width="3%">&#160;</td>
                      </tr>
                      <tr bgcolor="white">
                        <td width="5%">&#160;</td>
                        <td width="3%">&#160;</td>
                        <td width="89%">&#160;</td>
                        <td width="3%">&#160;</td>
                      </tr>
                      <tr bgcolor="white">
                        <td width="5%">&#160;</td>
                        <td valign="top" width="3%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">o</font></div>
                          </div>
                        </td>
                        <td width="89%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">The
                              repurchase or redemption of any shares of common stock,
                              except in
                              specified instances;</font></div>
                          </div>
                        </td>
                        <td width="3%">&#160;</td>
                      </tr>
                      <tr bgcolor="white">
                        <td width="5%">&#160;</td>
                        <td valign="top" width="3%">&#160;</td>
                        <td width="89%">&#160;</td>
                        <td width="3%">&#160;</td>
                      </tr>
                      <tr bgcolor="white">
                        <td width="5%">&#160;</td>
                        <td valign="top" width="3%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">o</font></div>
                          </div>
                        </td>
                        <td width="89%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Any
                              business combination or sale of a controlling interest
                              by WinWin of any of
                              its subsidiaries or the sale of all or substantially
                              all of WinWin&#8217;s
                              assets;</font></div>
                          </div>
                        </td>
                        <td width="3%">&#160;</td>
                      </tr>
                      <tr bgcolor="white">
                        <td width="5%">&#160;</td>
                        <td valign="top" width="3%">&#160;</td>
                        <td width="89%">&#160;</td>
                        <td width="3%">&#160;</td>
                      </tr>
                      <tr bgcolor="white">
                        <td width="5%">&#160;</td>
                        <td valign="top" width="3%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">o</font></div>
                        </td>
                        <td width="89%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">A
                            voluntary dissolution or liquidation;</font></div>
                        </td>
                        <td width="3%">&#160;</td>
                      </tr>
                      <tr bgcolor="white">
                        <td width="5%">&#160;</td>
                        <td valign="top" width="3%">&#160;</td>
                        <td width="89%">&#160;</td>
                        <td width="3%">&#160;</td>
                      </tr>
                      <tr bgcolor="white">
                        <td width="5%">&#160;</td>
                        <td valign="top" width="3%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">o</font></div>
                        </td>
                        <td width="89%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Any
                            amendment or waiver to the purchase option and redemption
                            provisions of
                            the WinWin certificate of incorporation;</font></div>
                        </td>
                        <td width="3%">&#160;</td>
                      </tr>

                  </table>
                </div>
              </div>
            </div>
          </div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: ">6</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
          <div>&#160;</div>
          <div>
            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
              <div>&#160;</div>
              <div>
                <div align="center">
                  <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                      <tr bgcolor="white">
                        <td width="5%">&#160;</td>
                        <td valign="top" width="3%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">o</font></div>
                          </div>
                        </td>
                        <td width="89%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Any
                                amendment or waiver of any provision of WinWin&#8217;s certificate of
                                incorporation or bylaws relative to the series A
                                preferred stock or
                                relating to an increase in the authorized number
                                of shares of common
                                stock;</font></div>
                            </div>
                          </div>
                        </td>
                        <td width="3%">&#160;</td>
                      </tr>
                      <tr bgcolor="white">
                        <td width="5%">&#160;</td>
                        <td width="3%">&#160;</td>
                        <td width="89%">&#160;</td>
                        <td width="3%">&#160;</td>
                      </tr>
                      <tr bgcolor="white">
                        <td width="5%">&#160;</td>
                        <td width="3%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">o</font></div>
                          </div>
                        </td>
                        <td width="89%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                            <div align="justify">
                              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">The
                                  payment or declaration of any dividend or the making
                                  of any other
                                  distribution on any shares of common or preferred
                                  stock;
                                  or</font></div>
                              </div>
                            </div>
                          </div>
                        </td>
                        <td width="3%">&#160;</td>
                      </tr>
                      <tr bgcolor="white">
                        <td width="5%">&#160;</td>
                        <td width="3%">&#160;</td>
                        <td width="89%">&#160;</td>
                        <td width="3%">&#160;</td>
                      </tr>
                      <tr bgcolor="white">
                        <td width="5%">&#160;</td>
                        <td valign="top" width="3%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">o</font></div>
                          </div>
                        </td>
                        <td width="89%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                            <div align="justify">
                              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">The
                                  authorization or issuance of any additional shares
                                  of series A preferred
                                  stock or equity securities convertible, directly
                                  or indirectly, into
                                  additional shares of series A preferred
                                  stock.</font></div>
                              </div>
                            </div>
                          </div>
                        </td>
                        <td width="3%">&#160;</td>
                      </tr>

                  </table>
                </div>
              </div>
            </div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
              <div>
                <div align="center">
                  <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                      <tr bgcolor="white">
                        <td width="2%">&#160;</td>
                        <td valign="top" width="3%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Symbol, serif">&#183;</font></div>
                        </td>
                        <td width="92%">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">The
                                series A preferred stock is convertible, at any time,
                                into common stock at
                                a ratio of 10 common shares for each preferred share,
                                subject to
                                adjustment. The conversion ratio is subject to adjustment
                                for dilutive
                                issuances (i.e., initially, issuances of common stock
                                or common stock
                                equivalents below $0.791 per share) on a weighted
                                average basis, subject
                                to specified exceptions. In addition, if certain
                                warrants are exercised,
                                then upon conversion of the series A preferred stock
                                additional shares of
                                common stock would be issuable in an amount that
                                is equal to 66% of each
                                share issued upon exercise of those warrants.</font></div>
                            </div>
                          </div>
                        </td>
                        <td width="3%">&#160;</td>
                      </tr>

                  </table>
                </div>
                <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
              </div>
            </div>
          </div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>Purchase
          Option; Redemption.</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">
          The amended and restated certificate of incorporation, when filed, will
          provide
          for a purchase option in favor of PBT and a redemption right in favor of
          WinWin
          as follows:</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Once
          filed, the amended and restated certificate of incorporation will grant
          to PBT,
          to the extent permitted by applicable law, an exclusive irrevocable purchase
          option to purchase any or all of the outstanding equity securities of WinWin
          other than WinWin&#8217;s outstanding series A preferred stock. The option must be
          exercised prior to the third anniversary of the date of the filing of the
          amended and restated certificate of incorporation. The exercise price for
          the
          option is determined by the mutual agreement of WinWin and PBT at the time
          of
          exercise and failing any such agreement by the valuation process contained
          in
          the amended and restated certificate of incorporation. In no event will
          the
          aggregate valuation of the securities subject to the option be less than
          $20,000,000. This option is not assignable, except for assignments to
          WinWin.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">The
          amended and restated certificate of incorporation will also include a redemption
          right in favor of WinWin that is triggered by the holders of a majority
          in
          interest of the outstanding series A preferred stock. This redemption right
          would be exercised in lieu of PBT exercising the purchase option described
          above
          and is subject to PBT providing the funds necessary for WinWin to acquire
          the
          shares subject to redemption. The redemption right expires on the third
          anniversary of the date of the filing of the amended and restated certificate
          of
          incorporation. The redemption price is determined in the same manner as
          the
          option exercise price described above and is subject to the same minimum
          price
          provision.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><u>Registration
          Rights Agreement</u></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Under
          the terms of the form of registration rights agreement that would be entered
          into at the first closing, upon the request of PBT, WinWin would become
          obligated to register under the Securities Act in up to two separate
          registrations, the common stock underlying the shares of series A preferred
          stock issued to PBT and any other shares of common stock issued to PBT
          under the
          amended and restated joint venture agreement. The registration rights agreement
          also gives PBT customary piggyback registration rights and the right to
          require
          WinWin to effect up to an additional two registrations if WinWin is eligible
          to
          use Form S-3. Under the registration rights agreement, PBT would also be
          granted
          a right of first offer to acquire any new securities that WinWin issues
          other
          than with respect to certain specified issuances. </font></div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: ">7</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><u>Investment
          Option Agreement</u></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Under
          the terms of the form of investment option agreement that would be entered
          into
          at the first closing, WinWin would grant to PBT an option to purchase up
          to a
          number of shares of series A preferred stock that, together with other
          securities held by PBT at the time of exercise, will be sufficient to give
          PBT
          ownership of up to eighty percent (80%) of the outstanding common stock
          of
          WinWin on a fully-diuted basis. The purchase price under the investment
          option
          agreement is payable by PBT either in cash, free-trading stock of PBT,
          or a
          combination of both. The fair market value purchase price will be determined
          either by agreement of the parties or, failing such agreement, by an appraisal
          procedure conducted at the time of PBT&#8217;s exercise of the option. Th</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">e
          option
          is exercisable until the third anniversary of the first closing; provided,
          however, that the option would automatically terminate upon the closing
          of the
          sale of all or substantially all of the assets of PBT, or upon the closing
          of a
          merger, consolidation or similar transaction in which the stockholders
          of PBT as
          of immediately prior to the transaction do not own a majority of the voting
          power of the surviving company as of immediately following such transaction.
          The
          option is not assignable or transferable unless WinWin consents to any
          assignment or transfer.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><u>Sales
          Representative Agreement</u></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">It
          is a condition to the first closing that the parties enter into a sales
          representative agreement that has terms and conditions substantially similar
          to
          those described in a term sheet that is an exhibit to the amended and restated
          joint venture agreement. Those terms include the following:</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
          <div>&#160;</div>
          <div>
            <div align="center">
              <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                  <tr bgcolor="white">
                    <td width="2%">&#160;</td>
                    <td valign="top" width="3%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Symbol, serif">&#183;</font></div>
                    </td>
                    <td width="92%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">PBT
                            will appoint WinWin as a non-exclusive marketing partner
                            in China.
                            </font></div>
                        </div>
                      </div>
                    </td>
                    <td width="3%">&#160;</td>
                  </tr>
                  <tr bgcolor="white">
                    <td width="2%">&#160;</td>
                    <td width="3%">&#160;</td>
                    <td width="92%">&#160;</td>
                    <td width="3%">&#160;</td>
                  </tr>
                  <tr bgcolor="white">
                    <td width="2%">&#160;</td>
                    <td width="3%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Symbol, serif">&#183;</font></div>
                    </td>
                    <td width="92%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                        <div align="justify">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">WinWin,
                            at its own expense, will use its best efforts to market
                            PBT&#8217;s
                            products.</font></div>
                        </div>
                      </div>
                    </td>
                    <td width="3%">&#160;</td>
                  </tr>
                  <tr bgcolor="white">
                    <td width="2%">&#160;</td>
                    <td width="3%">&#160;</td>
                    <td width="92%">&#160;</td>
                    <td width="3%">&#160;</td>
                  </tr>
                  <tr bgcolor="white">
                    <td width="2%">&#160;</td>
                    <td valign="top" width="3%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Symbol, serif">&#183;</font></div>
                    </td>
                    <td width="92%">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                        <div align="justify">
                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">WinWin
                            would be entitled to a mutually agreeable fee based upon
                            the revenues
                            received from PBT customers that WinWin signs
                            up.</font></div>
                        </div>
                      </div>
                    </td>
                    <td width="3%">&#160;</td>
                  </tr>

              </table>
            </div><br><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">The
            amended and restated joint venture agreement and the voting agreement,
            along
            with all exhibits to those agreements, are filed as exhibits to this
            current
            report on Form 8-K. </font></div>
        </div><br>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: ">8</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>Item
          9.01 Financial Statements and Exhibits.</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">(d)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Exhibits</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
          <table cellpadding="0" cellspacing="0" width="85%">

              <tr bgcolor="#ccffcc">
                <td align="justify" valign="top" width="10%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><u>Exhibit
                    No.</u></font></div>
                </td>
                <td align="justify" valign="top" width="75%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><u>Description</u></font></div>
                </td>
              </tr>
              <tr bgcolor="white">
                <td align="justify" valign="top" width="10%">&#160;</td>
                <td align="justify" valign="top" width="75%">&#160;</td>
              </tr>
              <tr bgcolor="#ccffcc">
                <td align="justify" valign="top" width="10%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">10.1</font></div>
                </td>
                <td align="justify" valign="top" width="75%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Amended
                    and Restated Joint Venture Agreement, dated as of April 14, 2006,
                    by and
                    between Solidus Networks, Inc. and WinWin Gaming, Inc.</font></div>
                </td>
              </tr>
              <tr bgcolor="white">
                <td align="justify" valign="top" width="10%">&#160;</td>
                <td align="justify" valign="top" width="75%">&#160;</td>
              </tr>
              <tr bgcolor="#ccffcc">
                <td align="justify" valign="top" width="10%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">10.2</font></div>
                </td>
                <td align="justify" valign="top" width="75%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Voting
                    Agreement, Irrevocable Proxy and Form of Stockholders Written
                    Consent,
                    dated as of April 14, 2006, by and among WinWin Gaming Inc.,
                    Solidus
                    Networks, Inc. , and certain stockholders of WinWin Gaming, Inc.
                    </font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div id="FTR">
              <div id="GLFTR" style="WIDTH: 100%" align="left">
              </div>
            </div>
            <div id="PN" style="PAGE-BREAK-AFTER: always">
              <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: ">9</font></div>
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="right">
              </div>
            </div>
          </div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Pursuant
          to the requirements of the Securities Exchange Act of 1934, the registrant
          has
          duly caused this report to be signed on its behalf by the undersigned hereunto
          duly authorized.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Date:&#160;April
          20, 2006&#160;</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WINWIN
          GAMING, INC.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:
          </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>/s/&#160;&#160;&#160;Larry
          Goldman____________________________</u></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Larry
          Goldman, Chief Financial Officer</font></div>
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                      No.</u></font></div>
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                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">10.1</font></div>
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                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Amended
                      and Restated Joint Venture Agreement, dated as of April 14,
                      2006, by and
                      between Solidus Networks, Inc. and WinWin Gaming, Inc.</font></div>
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                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">10.2</font></div>
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                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Voting
                      Agreement, Irrevocable Proxy and Form of Stockholders Written
                      Consent,
                      dated as of April 14, 2006, by and among WinWin Gaming Inc.,
                      Solidus
                      Networks, Inc. , and certain stockholders of WinWin Gaming,
                      Inc.
                      </font></div>
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{"company-data": {"conformed-name": "WINWIN GAMING INC", "cik": "0000897545", "assigned-sic": "7990", "irs-number": "841219819", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-21566", "film-number": "06770487"}, "business-address": {"street1": "2980 S RAINBOW BLVD.", "street2": "SUITE 200", "city": "LAS VEGAS", "state": "NV", "zip": "89146", "phone": "7022334138"}, "mail-address": {"street1": "2980 S. RAINBOW BLVD.", "street2": "SUITE 200", "city": "LAS VEGAS", "state": "NV", "zip": "89146"}, "former-company": [{"former-conformed-name": "JUNUM INC", "date-changed": "20010123"}, {"former-conformed-name": "EURBID COM INC", "date-changed": "20010123"}, {"former-conformed-name": "LS CAPITAL CORP", "date-changed": "19961016"}]}
Unassociated Document
SECURITIES
          AND EXCHANGE COMMISSION
Washington,
          D.C. 20549
Form
          8-K
CURRENT
          REPORT
Pursuant
          to Section 13 or 15(d)
of
          the Securities Exchange Act of 1934
Date
          of Report (Date of Earliest event Reported): April 14, 2006
WINWIN
          GAMING, INC.
(Exact
          name of registrant as specified in its charter)
Delaware
0-21566
84-1219819
(State
                    or Other Jurisdiction of Incorporation or Organization)
(Commission
                    File Number)
(IRS
                    Employer Identification No.)
8687
          West
          Sahara, Suite 201, Las Vegas, Nevada 89117
Address
          of Principal Executive Offices
Zip
          Code
(702)
          212-4530
Registrant's
          Telephone Number, Including Area Code
Check
          the
          appropriate box below if the Form 8-K filing is intended to simultaneously
          satisfy the filing obligation of the registrant under any of the following
          provisions (
see
General
          Instruction A.2. below):
o
Written
              communications pursuant to Rule 425 under the Securities Act (17 CFR
              230.425)
o
Soliciting
              material
              pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
              communications pursuant to Rule 14d-2(b) under the Exchange Act (17
              CFR
              240.14d-2(b))
o
Pre-commencement
              communications pursuant to Rule 13e-4(c) under the Exchange Act (17
              CFR
              240.13e-4(c))
1
Item
          1.01. Entry Into a Material Definitive Agreement.
Background
On
          September 30, 2005, WinWin Gaming, Inc. ("WinWin") entered into a joint
          venture
          agreement with Solidus Networks, Inc. ("PBT"). Pursuant to the joint venture
          agreement and a related note and security agreement, as subsequently amended,
          PBT loaned WinWin, $2.5 million. This loan will mature on April 30, 2006.
The
          Amended and Restated Joint Venture Agreement
The
          Closings and the Closing Conditions
.
On
          April 14, 2006, WinWin entered into an amended and restated joint venture
          agreement with PBT. The amended and restated joint venture agreement amends
          and
          restates the original joint venture agreement that was entered into between
          WinWin and PBT on September 30, 2006. Pursuant to the amended and restated
          joint
          venture agreement, WinWin agreed to sell to PBT, and PBT agreed to purchase
          from
          WinWin, shares of WinWin's series A preferred stock (which would initially be
          convertible into shares of WinWin common stock at a ratio of ten shares
          of
          WinWin common stock for each share of WinWin series A preferred stock)
          at a
          purchase price of $7.91 per share.
The
          amended and restated joint venture agreement contemplates two closings.
          Each
          closing is subject to several closing conditions, which are described in
          more
          detail below. At the first closing, which is to occur on or before September
          30,
          2006, PBT is expected to acquire from WinWin a number of shares of WinWin
          series
          A preferred stock that will equal 19% of the outstanding capital stock
          of WinWin
          on an as-converted-to-common basis as of immediately following the first
          closing. PBT is expected to pay for these shares by (i) canceling all
          principal and accrued interest on the promissory note that evidences the
          $2.5
          million loan described above and (ii) issuing to WinWin shares of PBT's
          series C preferred stock at a deemed value of $5.00 per share to pay the
          balance
          of the purchase price for the WinWin shares acquired at the first
          closing.
The
          first closing is subject to the satisfaction or waiver of several closing
          conditions, including the following conditions:
·
approval
                    of the amended and restated joint venture agreement by PBT's board of
                    directors;
·
the
                    execution and delivery of an investment option agreement (described
                    below);
·
an
                    increase in the authorized number of WinWin's board of directors to seven,
                    with at least two vacancies;
·
the
                    execution and delivery of a registration rights agreement (described
                    below);
·
the
                    execution and delivery of a sales representative agreement (described
                    below);
2
·
approval
                          of an amendment and restatement of WinWin's certificate of incorporation
                          (described below) by a majority in interest of WinWin's stockholders;
                          and
·
the
                          filing by WinWin of an amended and restated certificate
                          of incorporation
                          with the Secretary of State of the State of Delaware;
                          and
·
other
                          customary conditions such as the accuracy of representations
                          and
                          warranties, performance of covenants, delivery of certificates
                          and
                          opinions and the absence of any legal proceedings that
                          question the
                          validity of the transactions contemplated by the amended
                          and restated
                          joint venture agreement.
If
            the transactions contemplated by the first closing are completed, then
            at any
            time on or before April 14, 2007, PBT may, at its option, which is exercisable
            or not within PBT's sole discretion, purchase additional shares of WinWin series
            A preferred stock sufficient for PBT to increase its ownership interest
            in
            WinWin up to thirty-five percent (35%) of WinWin's capital stock on a fully
            diluted, as-converted-to-common stock, basis. PBT may pay the purchase
            price for
            these second closing shares either in cash, through the issuance of shares
            of
            PBT series C preferred stock with a deemed value of $5.00 per share,
            or a
            combination of both.
The
          second closing is also subject to the satisfaction or waiver of closing
          conditions, including, customary conditions such as the accuracy of
          representations and warranties, performance of covenants, delivery of
          certificates and opinions and the absence of any legal proceedings that
          question
          the validity of the transactions contemplated by the amended and restated
          joint
          venture agreement.
Covenants
WinWin
          agreed to various covenants in the amended and restated joint venture agreement.
          Among other things, these covenants impose obligations on WinWin to make
          required filings under state and federal securities laws, to obtain the
          requisite stockholder vote to amend WinWin's certificate of incorporation, to
          provide PBT with access to WinWin's senior management, accountants, records and
          other documents, and to provide PBT with financial and other information
          regarding WinWin.
Other
          material covenants and obligations of WinWin under the amended and restated
          joint venture agreement, include the following:
Board
          of Directors
.
          At the request of PBT, WinWin's board must nominate two directors designated by
          PBT for election to the board of directors of WinWin, and during any period
          when
          PBT has the right to elect board members, but has not done so, WinWin must
          maintain at least two vacancies on its board of directors.
Cooperation
.
          Until December 31, 2006, WinWin is obligated to provide PBT with the following
          support:
3
·
a
                        reasonable amount of selling support to assist in driving
                        PBT's biometric
                        authentication and payment solutions into the Chinese video
                        lottery
                        terminal solution that is being prepared for rollout across
                        China.
·
Introductions
                        to senior Chinese government officials with whom WinWin has
                        relationships
                        for the purpose of promoting PBT solutions into other applications
                        beyond
                        video lottery terminals.
·
support
                        from WinWin's Chinese general counsel for the purpose of making
                        introductions and helping provide tactical and strategic
                        guidance to PBT
                        in connection with its entry into China.
·
physical
                        and logistical support for PBT's entry into China, including providing
                        access to WinWin's distribution channels and making available without
                        charge a limited amount of office space in Shanghai.
In
          addition, under the terms of the cooperation covenants, PBT is required
          to
          provide WinWin with reasonable support and assistance in promotional
          consideration and exposure of WinWin products, services and technologies.
          PBT is
          also required to provide WinWin with reasonable support and assistance
          in
          identifying sources of equity and debt financing and strategic partners
          and
          assistance with obtaining financing from such sources.
Also,
          under the terms of the cooperation covenants, both parties must use commercially
          reasonable efforts to identify and exploit opportunities for the benefit
          of both
          parties.
Financial
          Covenant.
If at any time WinWin or its accountants determine that WinWin has a material
          weakness in its internal controls over financial reporting, WinWin must
          promptly
          provide notice of this determination to PBT and, upon the written request
          of PBT
          remediate the material weakness within three months of the determination,
          provided that WinWin has available funds (as defined in the amended and
          restated
          joint venture agreement) to do so or that PBT agrees to reimburse the reasonable
          costs of the remediation above specified levels.
Negative
          Pledge.
WinWin agreed not to sell, transfer, pledge or otherwise encumber WinWin's
          rights in the shares of PBT series C preferred stock that it may acquire
          under
          the amended and restated joint venture agreement. WinWin is also obligated
          to
          maintain, preserve and defend its title to the those shares. This covenant
          expires on the date following an initial public offering of PBT on which
          any
          lockup or market standoff restrictions applicable to PBT shares
          expire.
Termination
The
          amended and restated joint venture agreement will terminate upon the mutual
          agreement of the parties. However, either party can terminate the agreement
          if
          (a) the first closing doesn't occur on or before September 30, 2006 and (b) the
          failure to close is not due to the failure of the terminating party to
          perform
          an obligation or satisfy a condition to the first closing.
4
Indemnification
The
          representations and warranties set forth in the amended and restated joint
          venture agreement expire one year following the closing at which the
          representations and warranties are made. Each party indemnifies the other
          party
          for inaccuracies in representations and warranties as of the date of the
          agreement and as of each closing date. Each party has the right to claw
          back the
          securities that it delivered to the other party under the amended and restated
          joint venture agreement that are sufficient to satisfy the damages that
          constitute the basis for the indemnification claim. Before PBT can make
          an
          indemnification claim to recover damages under the agreement, the extent
          of the
          damages must be at least $50,000 in the aggregate. Once the $50,000 threshold
          is
          achieved, then PBT would be able to seek indemnification for the entire
          amount
          of damages going back to the first dollar of damages. Each party's maximum
          indemnification liability under the agreement is limited by the deemed
          value of
          the securities exchanged by that party under the agreement.
The
          Voting Agreement
On
          April 14, 2006, stockholders of WinWin holding approximately 40% of the
          issued
          and outstanding common stock of WinWin entered into a voting agreement.
          Under
          the terms of the voting agreement these stockholders agreed not to transfer,
          pledge, otherwise encumber or dispose of their stock. They also agreed
          to vote
          their shares in favor of a proposed amendment and restatement of WinWin's
          certificate of incorporation. The voting agreement will terminate on the
          earlier
          to occur of (i) the date that the amended and restated joint venture agreement
          terminates in accordance with its terms, or (ii) the date of the first
          closing
          under the amended and restated joint venture agreement.
The
          Ancillary Agreements
As
          noted above, at the first closing, WinWin will (a) amend and restate its
          certificate of incorporation, (b) enter into a registration rights agreement
          with PBT, (c) grant to PBT an investment option, and (d) enter into a sales
          representation agreement with PBT. Each of these agreements and instruments
          are
          described below:
The
          Amended and Restated Certificate of Incorporation
At
          or prior to the first closing, WinWin must amend and restate its certificate
          of
          incorporation to, among other things, (i) increase the number of authorized
          shares of WinWin's capital stock to 810,000,000 with 750,000,000 shares of
          authorized common stock and 60,000,000 shares of authorized preferred stock,
          (ii) create a class of preferred stock to be designated as WinWin's series A
          preferred stock, and (iii) to establish a purchase option and redemption
          right
          relating to WinWin's common stock, including any common stock outstanding prior
          to the filing of the amended and restated certificate of
          incorporation.
Terms
          of the WinWin Series A Preferred Stock.
The amended and restated certificate of incorporation, when filed, will
          establish a new series of WinWin preferred stock consisting of 60,000,000
          shares
          that will be designated as series A preferred stock. The series A preferred
          stock will have the following attributes:
5
·
The
                          series A preferred stock will rank prior to the common
                          stock and any other
                          series of preferred stock established by the board of directors
                          with
                          respect to dividend rights and rights on liquidation and
                          winding up of the
                          company.
·
Theseries
                          A preferred stock is entitled to non-cumulative dividends,
                          payable at a
                          rate per annum equal to 8% of the original issue price
                          ($7.91 per share),
                          when and if declared by the board of directors of
                          WinWin.
·
Holders
                          of series A preferred stock will be entitled to distributions
                          upon
                          liquidation in the amount of the original issue price ($7.91
                          per share)
                          plus an additional amount equal to 8% of the original issue
                          price per year
                          and any declared, but unpaid dividends. The term liquidation
                          event
                          includes any acquisition of WinWin by another entity unless
                          WinWin's
                          capital stock as constituted prior to the acquisition will
                          , immediately
                          after the acquisition represent at least 50% of the voting
                          power of the
                          surviving entity and it also includes a sale, lease transfer
                          or other
                          disposition of all or substantially all of the assets or
                          intellectual
                          property of WinWin.
·
The
                          series A preferred stock votes together with all other
                          classes of capital
                          stock of the company on an as-converted-to-common basis.
                          The holders of
                          the series A preferred stock voting as a separate class
                          are also entitled
                          to elect two directors of WinWin.
·
As
                          long as at least 85% of the shares of series A preferred
                          stock first
                          issued remain outstanding, holders of a majority of the
                          shares of series A
                          preferred stock outstanding have the right to veto:
o
Any
                              alteration or change of the rights, preferences or
                              privileges of the
                              series A preferred stock;
o
The
                                creation of any new series of stock that is senior
                                or on parity with the
                                series A preferred stock with respect to redemption,
                                voting, dividends or
                                distribution of assets upon a liquidation;
o
The
                                creation of any new class of stock unless the shares
                                of that new class of
                                stock are subject to the purchase option and redemption
                                rights of the
                                certificate of incorporation;
o
The
                              repurchase or redemption of any shares of common stock,
                              except in
                              specified instances;
o
Any
                              business combination or sale of a controlling interest
                              by WinWin of any of
                              its subsidiaries or the sale of all or substantially
                              all of WinWin's
                              assets;
o
A
                            voluntary dissolution or liquidation;
o
Any
                            amendment or waiver to the purchase option and redemption
                            provisions of
                            the WinWin certificate of incorporation;
6
o
Any
                                amendment or waiver of any provision of WinWin's certificate of
                                incorporation or bylaws relative to the series A
                                preferred stock or
                                relating to an increase in the authorized number
                                of shares of common
                                stock;
o
The
                                  payment or declaration of any dividend or the making
                                  of any other
                                  distribution on any shares of common or preferred
                                  stock;
                                  or
o
The
                                  authorization or issuance of any additional shares
                                  of series A preferred
                                  stock or equity securities convertible, directly
                                  or indirectly, into
                                  additional shares of series A preferred
                                  stock.
·
The
                                series A preferred stock is convertible, at any time,
                                into common stock at
                                a ratio of 10 common shares for each preferred share,
                                subject to
                                adjustment. The conversion ratio is subject to adjustment
                                for dilutive
                                issuances (i.e., initially, issuances of common stock
                                or common stock
                                equivalents below $0.791 per share) on a weighted
                                average basis, subject
                                to specified exceptions. In addition, if certain
                                warrants are exercised,
                                then upon conversion of the series A preferred stock
                                additional shares of
                                common stock would be issuable in an amount that
                                is equal to 66% of each
                                share issued upon exercise of those warrants.
Purchase
          Option; Redemption.
The amended and restated certificate of incorporation, when filed, will
          provide
          for a purchase option in favor of PBT and a redemption right in favor of
          WinWin
          as follows:
Once
          filed, the amended and restated certificate of incorporation will grant
          to PBT,
          to the extent permitted by applicable law, an exclusive irrevocable purchase
          option to purchase any or all of the outstanding equity securities of WinWin
          other than WinWin's outstanding series A preferred stock. The option must be
          exercised prior to the third anniversary of the date of the filing of the
          amended and restated certificate of incorporation. The exercise price for
          the
          option is determined by the mutual agreement of WinWin and PBT at the time
          of
          exercise and failing any such agreement by the valuation process contained
          in
          the amended and restated certificate of incorporation. In no event will
          the
          aggregate valuation of the securities subject to the option be less than
          $20,000,000. This option is not assignable, except for assignments to
          WinWin.
The
          amended and restated certificate of incorporation will also include a redemption
          right in favor of WinWin that is triggered by the holders of a majority
          in
          interest of the outstanding series A preferred stock. This redemption right
          would be exercised in lieu of PBT exercising the purchase option described
          above
          and is subject to PBT providing the funds necessary for WinWin to acquire
          the
          shares subject to redemption. The redemption right expires on the third
          anniversary of the date of the filing of the amended and restated certificate
          of
          incorporation. The redemption price is determined in the same manner as
          the
          option exercise price described above and is subject to the same minimum
          price
          provision.
Registration
          Rights Agreement
Under
          the terms of the form of registration rights agreement that would be entered
          into at the first closing, upon the request of PBT, WinWin would become
          obligated to register under the Securities Act in up to two separate
          registrations, the common stock underlying the shares of series A preferred
          stock issued to PBT and any other shares of common stock issued to PBT
          under the
          amended and restated joint venture agreement. The registration rights agreement
          also gives PBT customary piggyback registration rights and the right to
          require
          WinWin to effect up to an additional two registrations if WinWin is eligible
          to
          use Form S-3. Under the registration rights agreement, PBT would also be
          granted
          a right of first offer to acquire any new securities that WinWin issues
          other
          than with respect to certain specified issuances.
7
Investment
          Option Agreement
Under
          the terms of the form of investment option agreement that would be entered
          into
          at the first closing, WinWin would grant to PBT an option to purchase up
          to a
          number of shares of series A preferred stock that, together with other
          securities held by PBT at the time of exercise, will be sufficient to give
          PBT
          ownership of up to eighty percent (80%) of the outstanding common stock
          of
          WinWin on a fully-diuted basis. The purchase price under the investment
          option
          agreement is payable by PBT either in cash, free-trading stock of PBT,
          or a
          combination of both. The fair market value purchase price will be determined
          either by agreement of the parties or, failing such agreement, by an appraisal
          procedure conducted at the time of PBT's exercise of the option. Th
e
          option
          is exercisable until the third anniversary of the first closing; provided,
          however, that the option would automatically terminate upon the closing
          of the
          sale of all or substantially all of the assets of PBT, or upon the closing
          of a
          merger, consolidation or similar transaction in which the stockholders
          of PBT as
          of immediately prior to the transaction do not own a majority of the voting
          power of the surviving company as of immediately following such transaction.
          The
          option is not assignable or transferable unless WinWin consents to any
          assignment or transfer.
Sales
          Representative Agreement
It
          is a condition to the first closing that the parties enter into a sales
          representative agreement that has terms and conditions substantially similar
          to
          those described in a term sheet that is an exhibit to the amended and restated
          joint venture agreement. Those terms include the following:
·
PBT
                            will appoint WinWin as a non-exclusive marketing partner
                            in China.
·
WinWin,
                            at its own expense, will use its best efforts to market
                            PBT's
                            products.
·
WinWin
                            would be entitled to a mutually agreeable fee based upon
                            the revenues
                            received from PBT customers that WinWin signs
                            up.
The
            amended and restated joint venture agreement and the voting agreement,
            along
            with all exhibits to those agreements, are filed as exhibits to this
            current
            report on Form 8-K.
8
Item
          9.01 Financial Statements and Exhibits.
(d)
Exhibits
Exhibit
                    No.
Description
10.1
Amended
                    and Restated Joint Venture Agreement, dated as of April 14, 2006,
                    by and
                    between Solidus Networks, Inc. and WinWin Gaming, Inc.
10.2
Voting
                    Agreement, Irrevocable Proxy and Form of Stockholders Written
                    Consent,
                    dated as of April 14, 2006, by and among WinWin Gaming Inc.,
                    Solidus
                    Networks, Inc. , and certain stockholders of WinWin Gaming, Inc.
9
SIGNATURES
Pursuant
          to the requirements of the Securities Exchange Act of 1934, the registrant
          has
          duly caused this report to be signed on its behalf by the undersigned hereunto
          duly authorized.
Date: April
          20, 2006
WINWIN
          GAMING, INC.
By:
/s/   Larry
          Goldman____________________________
Larry
          Goldman, Chief Financial Officer
10
EXHIBIT
          INDEX
Exhibit
                      No.
Description
10.1
Amended
                      and Restated Joint Venture Agreement, dated as of April 14,
                      2006, by and
                      between Solidus Networks, Inc. and WinWin Gaming, Inc.
10.2
Voting
                      Agreement, Irrevocable Proxy and Form of Stockholders Written
                      Consent,
                      dated as of April 14, 2006, by and among WinWin Gaming Inc.,
                      Solidus
                      Networks, Inc. , and certain stockholders of WinWin Gaming,
                      Inc.
11