PROMISSORY NOTE AND SECURITY AGREEMENT - US (Exhibit A - US to the Asset Purchase Agreement)Promissory Note and Security Agreement • October 11th, 2011 • Galaxy Gaming, Inc. • Services-amusement & recreation services
For good and valuable consideration, Galaxy Gaming, Inc., a Nevada corporation, (“Maker”), hereby makes and delivers this Promissory Note and Security Agreement – US (this “Note”) in favor of Prime Table Games, LLC (“Holder”). The parties acknowledge that this Note and a companion promissory note of even date herewith and referenced as Promissory Note and Security Agreement – UK collectively represent Exhibit A of the Asset Purchase Agreement of even date herewith (collectively the “Notes”). The parties hereby agree as follows:
ASSET PURCHASE AGREEMENTAsset Purchase Agreement • October 11th, 2011 • Galaxy Gaming, Inc. • Services-amusement & recreation services • Nevada
This ASSET PURCHASE AGREEMENT dated October 1, 2011 (this “Agreement”) between Galaxy Gaming, Inc., a Nevada corporation (the “PURCHASER”), and Prime Table Games, LLC, a Nevada limited liability company, Prime Table Games UK, a United Kingdom partnership, D&H, a United Kingdom partnership, (collectively, the “SELLER”), and Derek Webb and Hannah O’Donnell, (each a “SELLER PRINCIPAL” and collectively the “SELLER PRINCIPALS”).
