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