ET&T LICENSING AGREEMENT
This Agreement states that Electronic Transactions & Technologies (ET&T) does
hereby license the following ET&T products to Betting, Inc., a Missouri
corporation, for the exclusive global usage of wagering by PERFECT originated
ATM cards, credit cards, and smart cards:
The PayMaster, defined as a stand alone terminal that attaches to phone lines
and which calls the ET&T host processing center with bank data.
The SLICK, defined as a stand alone keyboard terminal that attaches to phone
lines and call the ET&T host processing center with bank data that has
bypassed the Internet.
The PocketPay, defined as a pocket sized terminal and telephone that sends
bank data by wireless transmission to the ET&T host processing center.
The TV Pin Pad Remote, defined as a set top box and TV remote that sends bank
data by landline dial up transmission to the ET&T host processing center.
Each ET&T product is exclusively licensed to Betting, Inc. on a global basis
for the application of PERFECT wagering at a licensing fee of $2,000,000
each.
The duration of the exclusive license is 20 years.
Electronic Transactions & Technologies
Dated: March 27, 1998 By:/s/ Xxxxxx X. Hughes__
Xxxxxx S, Xxxxxx, Chairman & CEO
Betting, Inc.
Dated: March 27, 1998 By:/s/_Thomas S. Hughes__
Xxxxxx X. Xxxxxx, Chairman & CEO
