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  GRENADA
MANAGEMENT CORPORATION (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.  $190,000,  Payable after  installation  and  acceptance by User at a
      minimum rate of $2,500 per month  beginning 30 days after system  (Version
      1.5) is operating commercially.  Payments to start no later than September
      1,  1997.  Fee  includes  all  hardware  requirements  to  provide a fully
      operational  system.  Hardware to be installed by User. A $50,000 flat fee
      will be charged  for  additional  Software  Systems in one  location,  not
      including  any  additional  hardware  requirements.  Payment  in  full  by
      November 15, 1998.

5.    SUPPORT  AND  UPGRADES.  User will  also pay $500 per month for  telephone
      technical support and software upgrades.

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ATLANTIC  INTERNATIONAL  ENTERTAINMENT,  LTD. TO THE MAXIMUM EXTENT PERMITTED BY
DELAWARE LAW,  DISCLAIM ALL WARRANTIES,  EITHER EXPRESSED OR IMPLIED WITH REGARD
TO THIS PRODUCT. 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 27 day of  February, 1997

Grenada Management Corporation       Atlantic International Entertainment, Ltd.
P.O. Box 556                         2200 Corporate Blvd., Suite 317
Harlestown, Nevis                    Boca Raton, Florida 33431

BY:  /s/ Greg Gottson                BY: /s/ Richard Iamunno
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         Greg Gottson, U.S. Agent         Richard Iamunno, President