uWink, Inc. and William Hines Convertible Note Conversion Agreement

Summary

uWink, Inc. and William Hines have agreed to convert a $100,000 convertible note, plus $11,555 in accrued interest, into shares of uWink common stock at $1 per share. In addition, Hines will receive an extra 20% in shares, totaling 133,866 shares. By accepting these shares, Hines agrees that this fully satisfies all obligations under the original note.

EX-10.1 2 uwink_8kex10-1.txt Exhibit 10.1 [uWink Letterhead] October 26, 2006 Willliam Hines 3 Blue Grouse Rd Littleton, CO 80127 Dear Mr. Hines: Reference is made to the $100,000, 10% Convertible Note, dated September 8, 2005 between uWink, Inc. (the Company) and you. This letter will confirm our agreement regarding the note as follows: Effective as of the date hereof, you hereby agree to convert the $100,000 principal amount and $11,555 in accrued interest outstanding under the note into shares of common stock at a conversion of $1 per share. In accordance with the terms of the note, you will be entitled to an additional 20% of such amount in shares of common stock, such that the total amount to be converted is $133,866. As such, you hereby agree to accept 133,866 shares of common stock of the company, in full and final satisfaction of the company's obligations to you under the note. Best, /s/ Nolan K. Bushnell - --------------------- Nolan K. Bushnell Chairman and CEO Agreed and accepted: /s/ William Hines - --------------------- William Hines