| 1. | PLAYLOGIC INTERNATIONAL      N.V., having its registered office at Strawinskylaan 1041, 1077 XX,      Amsterdam, the Netherlands, hereinafter referred to as "the      Employer"; |
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| 2. | M.W.J. Noordeloos,      residing in Purmerend, the Netherlands hereinafter referred to as "the      Employee"; |
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| 1. | Commencement      data of the Employment Contract andposition |
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| 1.1. | The      Employee enters into an employment contract with the Employer effective      January 1, 2009 in the position      of Finance Director and undertakes to perform all his duties which can be      reasonably assigned to him by or on behalf of the Employer and which are      related to the company of the Employer, to the best of his ability and in      so doing, to comply with the instructions he receives from or on behalf of      the Employer. |
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| 1.2. | The      customary working week comprises 40hours. |
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| 2. | Location      where the work is to be performed |
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| 2.1. | Upon      the conclusion of the Employment Contract, the work will be performed in      Amsterdam. |
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| 3. | Term      of the Contract, trial period andtermination |
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| 3.1. | The      Contract has been entered into for an indefinite  period. |
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| 3.2. | The      Contract can be terminated with due observance of a term of notice of one      (1) month for both parties. |
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| 4. | Salary      and holiday allowance |
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| 4.1. | Upon      the conclusion of the Contract, the salary is EUR 11.000,- gross per month      excluding holiday allowance. |
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| 4.2. | The      holiday allowance is 8% of the annual salary, to be paid in May of each      year, in accordance with statutoryrules. |
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| 5. | Overtime |
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| 5.1. | The      Employee undertakes to work overtime, if reasonable, at the      request |
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|   | of      the Employer or if the interests of the Employer require such      overtime. |
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| 5.2. | The      Employee receives no compensation forovertime. |
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| 6. | Holiday |
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| 6.1. | The      Employee is entitled to 26 days’ leave per calendar year, to be taken in      proper consultation with theEmployer. |
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| 7. | Business      expenses |
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| 7.1. | The      Employer shall compensate the Employee for reasonable business expenses      incurred in the performance of his duties. Compensation is given in      exchange for receipts, etc. |
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| 7.2 | The      Employee is entitled to a company car, on basis of full operational lease      for a maximum amount of € 1.200,- per month excl. VAT and fuel. With the      consent of the Employer, the employee may lease a car for an amount over €      1.200,-; however, the amount exceeding the mentioned maximum, will be      deducted from the monthly salary. |
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| 7.3 | The      employee is entitled to use the company car for business and private      affairs. However, tax implications for using the car privately are the      employee’s responsibility. |
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| 7.4 | In      case the employee chooses to not enter into a car-lease contract, the      amount excluding VAT and fuel, will be added to the gross monthly      salary. |
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| 8. | Stock      options |
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| 8.1 | The      employee will receive 100,000 stock options. This will be arranged through      a separate stock option contract. |
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| 9. | Illness |
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| 9.1. | In      the event of illness in the sense of Book 7, Section 629 Dutch Civil Code,      the Employee must report her illness to the Employer as soon as possible,      but no later prior to 9.30 a.m. on the first day of illness. The Employee      undertakes to comply with the rules related to reporting and monitoring in      the case of illness, as adopted periodically by the    Employer. |
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| 9.2. | In      the event of illness, the Employer shall pay 100% of the salary as      referred to in Article 4.1 from the first day for a maximum period of 6      months, calculated from the first day of illness. During the next 18      months of illness, the Employer shall pay 70% of the salary as referred to      in Article 4.1. The provisions apply if and insofar as the Employer is      obligated to effect the payment referred to in Book 7, Section      629 |
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|   | paragraph      1 Dutch Civil Code on the basis of the provisions in (3) to (7) inclusive,      and (9) of Book 7, Section 629 Dutch CivilCode. |
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| 9.3. | In      the event the payments by the Employer as referred to in paragraph 2 of      this Article exceed the Employer’s minimum obligation on the basis of Book      7, Section 629 paragraph 1 Dutch Civil Code, the Employee shall not be      entitled to the payments referred to in paragraph 2 of this Article if and      insofar as he asserts a claim for damages against a third party due to      loss of income in connection with his illness. In that case, the Employer      shall only effect the payments exceeding the aforementioned minimum      obligation by way of an advance on the damages to be received from the      third party and in exchange for assignment by the Employee of his      entitlement to damages up to the amount paid by the Employer. The Employee      shall set off the advances if or as recovery is  effected. |
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| 10. | Obligation      of confidentiality |
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| 10.1. | The      Employee undertakes, during the term of the Agreement and following its      termination for any reason whatsoever, not to make any statements in any      way whatsoever to any party whatsoever (including other employees of the      Employer, unless they should receive the information in connection with      their duties for the Employer) concerning data of a confidential nature,      related to the business of the Employer, of which the Employee became      aware in the scope of his duties for the Employer and the confidential      nature of which he knows or should know, about Playlogic International      N.V. and subsidiaries and herbusiness. |
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| 10.2. | If      the Employee acts in contravention of her obligations under the provisions      in paragraph 1 of this Article, she shall forfeit a penalty of EUR 5,000      to the Employer, in contravention of Book 7, Section 650 (3), (4) and (5)      Dutch Civil Code, without any requirement of notification of default,      for every violation. The Employer may claim payment of total damages      instead. |
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| 11. | Documents      and data carriers |
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| 11.1. | The      Employee is prohibited from retaining in any way whatsoever, documents      and/or correspondence and/or other data carriers and/or copies thereof      that belong to the Employer, with the exception of the extent to which      that is required for the performance of his duties for the Employer. In      any event, the Employee is obligated, without any request to that end      being required, to immediately return such documents and/or correspondence      and/or other data carriers and/or copies thereof to the Employer upon      termination of the Employment Contract, or in the case of non-active      status for any reason whatsoever. |
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| 12. | Ban      on ancillary jobs |
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| 12.1. | Without      the prior written authorisation from the Employer, the Employee shall not      accept any paid work or time-consuming unpaid work with or for third      parties and shall refrain from doing business for  himself. |
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| 13. | Non-competition      clause |
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| 13.1. | Upon      termination of this Agreement Employer may ask Employee to enter into a      non compete agreement with the provisions set out below in paragraph’s      12.2 and 12.3 . For entering into this agreement Employer shall pay      Employee a compensation equal to 50% of the gross annual base salary as      set out in article 4 of thisContract. |
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| 13.2. | The      Employee undertakes not to be employed by or involved in an undertaking      active in a field equal to or otherwise competing with that of the      Employer in the Netherlands, both during the employment contract and for a      period of six months thereafter, directly nor indirectly, neither for      himself nor for any other people, nor to render his intermediary services      in any form whatsoever, directly nor indirectly. This obligation refers      exclusively to any employment or involvement of the Employee as meant      above within the field of Game Software  Development. |
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| 13.3. | If      the Employee should act contrary to his obligations under the provisions      of the paragraphs 1 and 2 of this clause, he shall, contrary to paragraphs      3, 4 and 5 section 7:650 of the Civil Code and without any notice of      default being required, forfeit to the Employer for each violation a      penalty in the amount of EUR 5.000,=, together with a penalty in the      amount of EUR 1000,= for each day on which the violation takes place and      continues taking place. The Employer in turn shall be entitled to claim      full and complete indemnification. |
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| 14. | Inventions      and developments |
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| 14.1. | All      works, names, symbols, logos, models, illustrations and/or inventions as      well as all further developments and/or related changes realised by the      Employee, either alone or in concert during the term of the Employment      Contract (hereinafter jointly referred to as: the “Property”), belong to      the Employer. |
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| 14.2. | The      Employer holds all intellectual and industrial property rights on, related      to and/or ensuing from the Property (hereinafter referred to as: the IP      rights). |
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| 14.3. | To      the extent possible by law, the Employee hereby waives his personal rights      as referred to in Section 25 of the Dutch Copyright  Act. |
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| 14.4. | The      Employee hereby acknowledges that his salary includes compensation for the      possible loss of the IP rights and that he is not entitled to any other      compensation for that. |
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|   14.5. |   | Once the Employee realises one or more elements of      the Property, the Employee shall immediately inform the Employer and, to      the extent required by law, transfer the IP rights to the Employer upon      first request, costs to be met by the Employer. Upon request of the      Employer, costs to be met by the Employer, the Employee shall sign every      written document required for the transfer, registration or maintenance of      the IP rights in every country, and provide all other necessary      cooperation. The Employee hereby irrevocably authorises the Employer to      perform every legal act in the Employee’s name, as referred to in this      Article. |
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| 15. | Other schemes |
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| 15.1. | Subject to the provisions in this Contract, the      employment conditions adopted periodically by the Employer are      applicable. |
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| 15.2. | This Contract is subject to all relevant provisions      as contained in the rules and regulations of Playlogic International      N.V. |
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| 16. | General |
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| 16.1. | This employment agreement is subject to the laws of      the Netherlands. |
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| /s/ W.M.      Smit | /s/ M.W.J.      Noordeloos |
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| W.M.      Smit | M.W.J.      Noordeloos |
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| CEO |   |
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| Playlogic      International N.V. |   |
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