ATLANTIC INTERNATIONAL ENTERTAINMENT, LTD. LICENSE AGREEMENT
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AIE Internet Casino Extension (ICE)
This SINGLE USER LICENSE AGREEMENT is a binding agreement between Atlantic
International Entertainment, N.V. (User) and Atlantic International
Entertainment, Ltd. for the Software System Product (ICE), which includes
computer software and associated printed materials. By installing or otherwise
using the Software System Product (ICE), 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 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 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. $450,000, payable after installation and acceptance by AIENV at
minimum rate of $6,000 per month beginning 180 days after system is
operating commercially. Payments to start no later than August 1, 1997.
Fee includes all hardware requirements to provide a fully operational
system. A $250,000 flat fee will be charged for additional Software
Systems in one location, not including any additional hardware
requirements. Payment in full by November 15, 1999.
5. SUPPORT AND UPGRADES. User will also pay $2000 per month for telephone
technical support, software upgrades and new releases of gaming
software systems for forty-eight months beginning August 1, 1997.
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 4th day of November, 1996
Atlantic International Atlantic International
Entertainment, N.V. Entertainment, Ltd.
Bapor-Kibra 5C Building #1&2 0000 Xxxxxxxxx Xxxx., Xxxxx 000
Curacao, N.V. Xxxx Xxxxx, Xxxxxxx 00000
BY: /s/ Xxxxxx Xxxxxx BY: /S/ XXXXXXX XXXXXXX
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Secretary Xxxxxxx Xxxxxxx, President
