Founders’ Loan Payment Deferral Agreement between Arthur Lomax and PokerTek, Inc. (July 16, 2014)

Summary

This agreement is between Arthur Lomax and PokerTek, Inc. It confirms that Mr. Lomax will defer all payments due to him under a secured promissory note from June 1, 2014, through December 31, 2014. The deferred payments will become due either when PokerTek completes a merger or a superior transaction, or by January 31, 2015, whichever comes first. All other terms of the original note remain unchanged.

EX-10.2 3 exhibit10_2.htm FOUNDERS? LOAN PAYMENT DEFERRAL AGREEMENT exhibit10_2.htm

Exhibit 10.2

ARTHUR LOMAX

July 16, 2014

PokerTek, Inc.

1150 Crews Road, Suite F

Matthews, NC 28105

Attention: Joseph J. Lahti

Chairman of the Board

Re: Second Amended and Restated 9% Secured Promissory Note due December 31, 2016, made by PokerTek, Inc. and held by Arthur Lomax dated April 28, 2014 (the “Note”)

Dear Mr. Lahti,

This will confirm my agreement to defer all payments due to me pursuant to the Note (the “Deferral Amount”) for the period commencing June 1, 2014 through and including December 31, 2014.

The Deferral Amount will be payable to me upon the earlier of: (i) the closing of either (a) the Merger contemplated by the Merger Agreement dated April 29, 2014 by and among Multimedia Games, Inc. et al., and PokerTek, Inc. (the “Merger Agreement”), or (b) the closing of a transaction in connection with a “Superior Proposal” (as defined in the Merger Agreement); or (ii) January 31, 2015.

All other terms and conditions of the Note shall remain unchanged.

	Sincerely,
	/s/ Arthur Lomax
	Arthur Lomax