ATLANTIC INTERNATIONAL ENTERTAINMENT, LTD. LICENSE AGREEMENT
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AIE SPORTS BOOK SOFTWARE SYSTEM PRODUCT (WEBSPORTS)
THIS SINGLE USER LICENSE AGREEMENT IS A BINDING AGREEMENT BETWEEN CARIB
SPORTSBOOK, INC. ( USER ) AND ATLANTIC INTERNATIONAL ENTERTAINMENT, LTD. FOR THE
SOFTWARE SYSTEM PRODUCT (WEBSPORTS), WHICH INCLUDES COMPUTER SOFTWARE AND
ASSOCIATED PRINTED MATERIALS. BY INSTALLING OR OTHERWISE USING THE SOFTWARE
SYSTEM PRODUCT (WEBSPORTS), USER AGREES TO BE BOUND BY THE TERMS OF THIS
AGREEMENT.
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SOFTWARE SYSTEM PRODUCT LICENSE
The Software Systems Product is protected by copyright laws and International
copyright treaties as well as other intellectual property laws and treaties.
This Software System Product is licensed and not sold.
1. GRANT OF LICENSE. This SINGLE USER LICENSE AGREEMENT grants USER the
following rights:
o User may install and use one copy of the Software System
Product. This Software System Product may not be shared or used
concurrently at more than one location.
2. DESCRIPTION OF OTHER RIGHTS AND LIMITATIONS.
o User may not reverse engineer, decompile, or disassemble the
Software System Product.
o The Software System Product is licensed as a single product. Its
component parts may not be separated for use other than for one
specific application.
o User may not rent, lease, sell, transfer or assign the Software
System Product without written consent of Atlantic International
Entertainment, Ltd.
o This is a non-expiring license. Without prejudice to any other
rights, Atlantic International Entertainment, Ltd. may terminate
this SINGLE USER LICENSE AGREEMENT if user fail to comply with
all terms and conditions of this agreement. In such event, User
must must destroy all copies of this product.
3. COPYRIGHT. All title and copyrights to the Software System Product are owned
by Atlantic International Entertainment, Ltd.
4. FEE. $150,000 , Payable $3000 upon signing this agreement, $3000 upon
installation of Software System by Atlantic International Entertainment,
Ltd., and 2% of the Gross Wagering Handle until the balance is paid.
5. SUPPORT AND UPGRADES. USER at his option may elect to pay $500 per month for
telephone technical support and software upgrades beginning 30 days after
payment of the $150,000 fee. YES NO (please circle choice)
ATLANTIC INTERNATIONAL ENTERTAINMENT, LTD. TO THE MAXIMUM EXTENT PERMITTED BY
DELAWARE LAW, DISCLAIM ALL WARRANTIES, EITHER EXPRESSED OR IMPLIED WITH REGARD
TO THIS PRODUCT AND IN NO EVENT SHALL ATLANTIC INTERNATIONAL ENTERTAINMENT, LTD.
BE LIABLE FOR ANY SPECIAL, INCIDENTAL, INDIRECT, OR CONSEQUENTIAL DAMAGES
WHATSOEVER ARISING OUT OF THE USE OF THIS PRODUCT.
Agreed to this 31 day of December, 1996
Carib Sportsbook, Inc. Atlantic International Entertainment, Ltd.
24 Xxxxx Xxxx Villas 0000 Xxxxxxxxx Xxxx., Xxxxx 000
Antigua, West Indies Xxxx Xxxxx, Xxxxxxx 00000
BY: /s/ Xxx Xxxxxx BY: /s/ Xxxxxxx Xxxxxxx
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Xxx Xxxxxx, Managing Director Xxxxxxx Xxxxxxx, President
