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EXHIBIT 10.12
ASSIGNMENT AGREEMENT
EFFECTIVE JULY 15, 1999
BETWEEN: CYBEROAD GAMING CORPORATION, a St. Kitts corporation having its place
of business at Xxx 000, Xxxxxxxxxx Xx. Kitts, West Indies (the "Assignor");
AND
BETWEEN: XXXXXXXX.XXX (IOM) LTD., an Isle of Man corporation, having its place
of business at Xxxxxxxxxxxxx Xxxxx, Xxxxxx Xxxx, Xxxxxxxx Road, Xxxxxxx, Isle of
Man.
1.0 ASSIGNMENT
1.1 In consideration of the sum of $1.00 U.S. and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
Assignor hereby transfers, conveys, and assigns to the Assignee;
1.2 all of its rights, title and benefit as well as its obligations and
responsibilities pursuant to a Software License Agreement dated October 15, 1998
by and between Nordic Investment Corporation and Cyberoad Gaming Corporation
herein attached.
2.0 SUCCESSORS
2.1 This Agreement shall enure to the benefit of the Assignee and shall be
binding upon the Assignor and its executors, successors and assignees.
3.0 GOVERNING LAW
3.1 This Agreement shall be governed by and construed in accordance with
the laws of Isle of Man.
EXECUTION IN COUNTERPART
This assignment may be signed in counterpart, in as many counterparts as may be
necessary, by the parties, each of which shall be deemed to be an original, and
such counterparts together shall constitute one and the same instrument
notwithstanding the date of execution, and shall be deemed to bear the date as
set out below.
IN WITNESS WHEREOF the parties have caused these presents to be executed
personally or by their duly authorized officers as of the day and year first
written above.
CYBEROAD GAMING CORPORATION XXXXXXXX.XXX (IOM) LTD.
/s/ XXXXXXXX XXXXXXX /s/ XXXXX XXXXXX
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Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx,
Director Director
