0001117768-07-000148 Sample Contracts

STOCK PURCHASE WARRANT To Purchase ________ Shares of Common Stock of LAS VEGAS GAMING, INC.
Las Vegas Gaming Inc • November 19th, 2007 • Games, toys & children's vehicles (no dolls & bicycles)

THIS CERTIFIES that, for value received, __________________ (the “Holder”), is entitled, upon the terms and subject to the conditions hereinafter set forth, at any time on or after _______________________ (the “Initial Exercise Date”) and on or prior to the close of business on ______________________ (the “Termination Date”) but not thereafter, to subscribe for and purchase from Las Vegas Gaming, Inc., a corporation incorporated in Nevada (the “Company”), up to ______________________ (______) shares (the “Warrant Shares”) of $.001 par value Common Stock of the Company (the “Common Stock”). The purchase price of the Common Stock (the “Exercise Price”) under this Warrant shall be $_____ per share.

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NON-QUALIFIED STOCK OPTION AGREEMENT OF LAS VEGAS GAMING, INC. A Nevada Corporation
Non-Qualified Stock Option Agreement • November 19th, 2007 • Las Vegas Gaming Inc • Games, toys & children's vehicles (no dolls & bicycles)

This AGREEMENT is made between Las Vegas Gaming, Inc., having its principal place of business at 4000 W Ali Baba Lane, Ste D, Las Vegas, Nevada 89118 (hereinafter referred to as "Company"), and _____________ (herein­after referred to as "Optionee").

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