**Exhibit10.59**

 

Deed

 

Deed of release

 

**WilliamWestmore Purton**

**SynwoodPty Ltd (ACN 005 506 150)**

**LancefieldManagement Pty Ltd (ACN 124 769 133)**

 

And

 

**ElixirGaming Technologies, Inc**

**DolphinProducts Pty Ltd (ACN 004 241 945)**

**DolphinAdvanced Technologies Pty Ltd (ACN 007 081 996)**

 

 

 
| 101  Collins Street Melbourne VIC 3000 Australia | Telephone  +61 3 9288 1234 Facsimile +61 3 9288 1567     |
|--------------------------------------------------|----------------------------------------------------------|
| GPO  Box 128A Melbourne VIC 3001 Australia       | www.freehills.com  DX 240 Melbourne                      |
|                                             |                                                     |
| Sydney  Melbourne Perth Brisbane Singapore       | Correspondent offices in Hanoi Ho Chi Minh City  Jakarta |

 

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Contents

 
|       | Table  of contents                                |                                    |
|------------|---------------------------------------------------|-----------------------------------------|
|       |                                              |                                    |
| ** ** | **The agreement**                                 | **1**                                   |
| ** ** | ** **                                        | ** **                              |
| ** ** | **Operative part**                                | **3**                                   |
| ** ** | ** **                                        | ** **                              |
| **1**      | **Payment**                                       | **3**                                   |
| ** ** | ** **                                        | ** **                              |
| **2**      | **Release from Lease Guarantees**                 | **3**                                   |
| ** ** | ** **                                        | ** **                              |
| **2A.**    | **Patent Application No. PCT/AU2007/001736** | **3**                                   |
| ** ** | ** **                                        | ** **                              |
| **3**      | **Release by Purton Parties**                     | **4**                                   |
| ** ** | ** **                                        | ** **                              |
| **4**      | **Release by Elixir Parties**                     | **5**                                   |
| ** ** | ** **                                        | ** **                              |
| **5**      | **Benefit of Release**                            | **5**                                   |
| ** ** | ** **                                        | ** **                              |
| **6**      | **Settlement**                                    | **6**                                   |
| ** ** | ** **                                        | ** **                              |
| **7**      | **Default**                                       | **6**                                   |
| ** ** | ** **                                        | ** **                              |
| **8**      | **Confidentiality**                               | **7**                                   |
| ** ** | ** **                                        | ** **                              |
| **9**      | **Plea in bar**                                   | **7**                                   |
| ** ** | ** **                                        | ** **                              |
| **10**     | **Costs and expenses**                            | **7**                                   |
| ** ** | ** **                                        | ** **                              |
| **11**     | **General**                                       | **8**                                   |
|       | 11.1                                              | Notices                                 | 8 |
|       | 11.2                                              | Governing law and jurisdiction          | 8 |
|       | 11.3                                              | Time of the essence                     | 8 |
|       | 11.4                                              | Invalidity and enforceability           | 8 |
|       | 11.5                                              | Waiver                                  | 8 |
|       | 11.6                                              | Variation                               | 9 |
|       | 11.7                                              | Assignment of rights                    | 9 |
|       | 11.8                                              | Severability                            | 9 |
|       | 11.9                                              | Entire agreement                        | 9 |
|       | 11.10                                             | No reliance                             | 9 |
|       | 11.11                                             | Counterparts                            | 9 |
|       |                                              |                                    |   |
| **12**     | **Interpretation**                                | **9**                                   |
|       | 12.1                                              | Agreement components                    | 9 |
|       | 12.2                                              | Interpretation                          | 10 |
|       | 12.3                                              | Interpretation of inclusive expressions | 10 |
|       | 12.4                                              | Business Day                            | 11 |
|       |                                              |                                    |
|       | **Signing page**                                  | **12**                                  |

 

1

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The agreement

 
| Deed  of release                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
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| Date  u   17 June 2009 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
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| Between the  parties                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
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| Plaintiffs/  Defendants by Counterclaim    | **William Westmore Purton**

**Synwood Pty Ltd (ACN 005  506 150)**

**Lancefield  Management Pty Ltd (ACN 124 769 133)**

(together,  the**Purton Parties**)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                       | ** **                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Defendants/  Plaintiffs by Counterclaim    | **Elixir Gaming  Technologies, Inc**

**Dolphin Products  Pty Ltd (ACN 004 241 945)**

**Dolphin Advanced Technologies Pty Ltd (ACN 007 081 996)**

(together,  the**Elixir Parties**)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                                       | ** **                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Background                                 | 1    At all material times, Dolphin Products  Pty Ltd was the lessee under the Leases as defined by the Share Sale  Agreement executed by William Purton, Synwood Pty Ltd and VendingData  Corporation (now Elixir Gaming Technologies Inc) on or about 5 July 2006  (**Share Sale Agreement**), being the  lease of:

 

(a)   590 Waterdale Road, Heidelberg West, Victoria 3081 dated 30 January 2004  (as varied or extended); and

 

(b)   600 Waterdale Road, Heidelberg West, Victoria 3081 dated 20 August 2000  (as varied or extended).

 

(together,  **the Leases**)

 

2    On or about 20 August 1999 and 30 January 2004,  William Purton provided to the lessor under the Leases, guarantees of the  obligations of lessee, Dolphin Products Pty Ltd (together, the**Lease Guarantees**).

 

3    Pursuant to clause 9.2 of the Share Sale  Agreement, within 90 days of the Completion Date (ie by 7 October 2006),  Dolphin Products Pty Ltd must use its best endeavours to obtain the consent  of the landlord of the Leases to release William Purton as a guarantor under  the Leases (including providing an equivalent bank guarantee from a bank acceptable  to the landlord for an amount equal to 12 months rent).

 

4    Pursuant to clause 9.3(a) of the  Share Sale Agreement, from Completion (ie 10 July 2006) until such time  as William Purton has been released as a guarantor under the Leases, Dolphin  Products Pty Ltd will indemnify, and keep indemnified, William Purton against  every claim arising out of or in relation to William Purton’s guarantee in  relation to the Leases.

 

5    Dolphin Products Pty Ltd has not procured  William Purton’s release from the Lease Guarantees and William Purton remains |

 

1

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The agreement

 
|                 | subject to the Lease Guarantees.

 

6    The Purton Parties commenced proceedings  against the Elixir Parties in the Supreme Court of Victoria No. 2061 of  2007 (the **Proceeding**).

 

7    In November 2007, Elixir Gaming  Technologies Inc and Dolphin Products Pty Ltd commenced a counterclaim  against the Purton Parties (the **Counterclaim**).  Dolphin Advanced Technologies Pty Ltd is  defined as ‘the Company’ at paragraph 61 of the Counterclaim (as amended)  (although Dolphin Advanced Technologies Pty Ltd is not a party to the  Counterclaim).

 

8    Together, the Proceeding and the  Counterclaim constitute the dispute between the parties (**Dispute**).  (Copies of the Amended Statement of Claim and Defence to Amended Statement of  Claim and Amended Counterclaim are attached to this deed at Annexures 1 and  2).

 

9    The parties have agreed to settle the  Dispute, on a without****costs or  admissions basis, in accordance with this deed.

 

10  The parties wish to release all conceivable claims  against each other in respect of the subject matter of the Dispute, or any  part of the Dispute, and the Share Sale Agreement (subject to this deed)  whether or not all material facts are known to the party giving the release,  and wish this deed to have effect in a manner that most effectively releases  any claims of the parties against each other in respect of the subject matter  of the Dispute or any part of the Dispute. |
|----------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| This deed  witnesses | that  in consideration of, among other things, the mutual promises contained in  this deed, the parties agree as set out in the Operative part of this deed.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |

 

2

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Operative part

 

# 1                                                  Payment

#  

### (a)                                          TheElixir Parties will pay to the Purton Parties on or before 23 June 2009the sum of $US550,000 (United States Dollars Five Hundred and Fifty ThousandOnly) inclusive of GST (**the Settlement Sum**)in full and final settlement of the Dispute.

###  

### (b)                                          TheSettlement Sum must be paid to the Purton Parties by telegraphic transfer tothe bank account with the following details:

###  

Name:                                             Synwood Pty Ltd

 

BSB:                                                083-029

 

Account Number:                         SYNWOUSD01

 

SWIFT Code:                                NATAAU3303M

 

# 2                                                  Release from Lease Guarantees

#  

### (a)                                          DolphinProducts Pty Ltd must:

###  

#### (1)                                         useits best endeavours to procure by 30 September 2009 the release of WilliamPurton from the Lease Guarantees; and

####  

#### (2)                                         continueto indemnify William Purton against every claim arising out of or in relationto the Lease Guarantees.

####  

### (b)                                          Inthe event that by 30 September 2009 Dolphin Products Pty Ltd has notprocured the releases referred to in the preceding sub-paragraph:

###  

#### (1)                                         itmust continue to use its best endeavours to procure the releases until suchtime as the releases are granted or all potential liability of William Purtonunder the Lease Guarantees has been extinguished; and

####  

#### (2)                                         itmust continue to indemnify William Purton against any claim made against himpursuant to the Lease Guarantees.

 

### (c)                                           Uponprocuring releases of William Purton from the Lease Guarantees Dolphin ProductsPty Ltd must send copies of the documents constituting those releases to thePurton Parties’ solicitors and until such time as such documents have been sentDolphin Products Pty Ltd shall be regarded by all parties hereto not to haveprocured the releases required under this clause.

 

# 2A.             Patent Application No. PCT/AU2007/001736

#  

### (a)                                          Subjectto the due payment of the Settlement Sum by the Elixir Parties pursuant toclause 1 above, William Westmore Purton shall :

###  

#### (1)                                         Execute,as one of the inventors, the Assignment by Inventors (**Assignment**)and the Declaration for Patent Application (**Declaration**)in relation to patent 

 

3

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|  | 3   Release  by Purton Parties |
|--|-----------------------------------------------|

 

 

 

#### application serial no. PCT/AU2007/001736 (the **Application**) and deliver the original executed copies of theAssignment and Declaration to the Elixir Parties’ solicitors within 5 days fromthe date of payment of the Settlement Sum by the Elixir Parties (copies of theAssignment and Declaration are attached to this deed at Annexures 3 and 4); and

####  

(2)                                        execute such other documents and/or do suchother acts as reasonably necessary or required in relation to the Applicationwithout charge to the Elixir Parties,

 

provided that, for the avoidance of doubt,and notwithstanding anything to the contrary contained in the Assignment orDeclaration, all filing fees and charges for the Application and the fees ofthe relevant intellectual property agent (whether Connolly Bove Lodge &Hutz LLP or such other intellectual property agent as may from time to time beengaged by the Elixir Parties) in respect of the Application, shall be bornesolely by the Elixir Parties.

 

# 3                 Release by Purton Parties

#  

### (a)                                          ThePurton Parties hereby release and discharge the Elixir Parties and each oftheir related bodies corporate as defined in the *CorporationsAct 2001* (Cth) and the directors, servants and agents of each ofthem**(Related Parties)**severally from anyclaim, action, demand, suit or proceeding for damages, debt, restitution,equitable compensation, account, injunction, specific performance or any otherremedy that the Purton Parties have or may have against the Elixir Parties orany of their Related Parties in respect of:

###  

#### (1)                                         thesubject matter of the Proceeding or any part of the Proceeding;

####  

#### (2)                                         thesubject matter of the Counterclaim or any part of the Counterclaim;

####  

#### (3)                                         anything touching upon, concerning or related to the Dispute including, withoutlimitations, any damage, loss, cost or expense (including legal costs) sufferedas a result of the Dispute; and

####  

#### (4)                                         anything touching upon, concerning or related to the Share Sale Agreement (subjectto this deed),

####  

whether arising at common law, in equity,or under statute or otherwise (the **Released Matters**).

 

### (b)                                          Insupport of the release in (a) above, the Purton Parties:

 

#### (1)                                         covenantwith the Elixir Parties and each of their Related Parties severally not toclaim, sue or take any action against the Elixir Parties or any of theirRelated Parties in respect of the Released Matters; and

####  

#### (2)                                         mustindemnify the Elixir Parties and each of their Related Parties severallyagainst all damage, loss, cost or expense arising from any claim, action,demand, suit or proceeding brought or threatened by any of the Purton Partiesor their Related Parties against the Elixir Parties or any of their RelatedParties in respect of the Released Matters.

####  

### (c)                                           For the avoidance of doubt, nothing in clauses 3(a) and3(b):

###  

#### (1)                                         preventsthe Purton Parties****or theirRelated Parties from  commencing  a proceeding to enforce their rights underthis deed; and

####  

#### (2)                                         affectsDolphin Products Pty Ltd’s obligations pursuant to clause 2 of this deed.

 

4

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|  | 4   Release  by Elixir Parties |
|--|-----------------------------------------------|

 

# 4                                                  Release by Elixir Parties

#  

### (a)                                          TheElixir Parties hereby release and discharge the Purton Parties and each oftheir related bodies corporate as defined in the *CorporationsAct 2001* (Cth) and the directors, servants and agents of each ofthem**(Related Parties)**severally from anyclaim, action, demand, suit or proceeding for damages, debt, restitution,equitable compensation, account, injunction, specific performance or any otherremedy that the Elixir Parties have or may have against the Purton Parties orany of their Related Parties in respect of:

###  

#### (1)                                         thesubject matter of the Proceeding or any part of the Proceeding;

####  

#### (2)                                         thesubject matter of the Counterclaim or any part of the Counterclaim; and

####  

#### (3)                                         anything touching upon, concerning or related to the Dispute including, withoutlimitations, any damage, loss, cost or expense (including legal costs) sufferedas a result of the Dispute;

####  

#### (4)                                         anything touching upon, concerning or related to the Share Sale Agreement (subjectto this deed),

####  

whetherarising at common law, in equity, or under statute or otherwise (the **Released Matters**).

 

### (b)                                          Insupport of the release in (a) above, the Elixir Parties:

###  

#### (1)                                         covenantwith the Purton Parties and each of their Related Parties severally not toclaim, sue or take any action against the Purton Parties or any of theirRelated Parties in respect of the Released Matters; and

####  

#### (2)                                         mustindemnify the Purton Parties and each of their Related Parties severallyagainst all damage, loss, cost or expense arising from any claim, action,demand, suit or proceeding brought or threatened by any of the Elixir Partiesor their Related Parties against the Purton Parties or any of their RelatedParties in respect of the Released Matters.

####  

### (c)                                           For the avoidance of doubt nothingin clauses 4(a) and 4(b):

###  

#### (1)                                         preventsthe Elixir Parties****or theirRelated Parties from commencing a proceeding to enforce their rights under thisdeed; and

####  

#### (2)                                         affectsWilliam Westmore Purton’s obligations pursuant to clause 2A of this deed.

####  

# 5                                                  Benefit of Release

#  

Without prejudice to the ability of eachparty and each Related Party to enforce this deed for its own benefit, eachparty holds the benefit of each release, discharge, indemnity and covenant notto sue contained in this deed to the extent that it is expressed to apply infavour of its Related Parties on trust for each of its Related Parties.

 

5

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|  | 6   Settlement |
|--|-------------------------------|

 

# 6                                                  Settlement

 

Eachparty must at its expense:

 

### (a)                                          do everything required to be done by it to settlethe Dispute in accordance with this deed;

###  

### (b)                                          consentto short minutes of order****in the form ofAnnexure 5; and

###  

### (c)                                           bearits own costs in the Dispute.

###  

# 7                                                  Default

#  

### (a)                                          Inthe eventof default in payment by the Elixir Parties of the Settlement Sum payable underclause 1 above or any part thereof, the Purton Parties shall be at liberty tocommence a proceeding to enforce their rights under this deed and apply forjudgment for the unpaid balance of the Settlement Sum plus interest from thedate of default at the rate prescribed under the *PenaltyInterest Rates Act 1983*(Vic) plus the costs of applying forjudgment and it is hereby further agreed that:

###  

#### (1)                                         thisDeed may be produced as evidence of the Elixir Parties’ irrevocable consent tosuch judgment; and

####  

#### (2)                                         anaffidavit by a solicitor acting for the Purton Parties to the effect that thesaid sum or any part of it has not been received by the Purton Parties shall besufficient evidence of same.

####  

### (b)                                          Inthe event of default by the Elixir Parties or any one of them in any promisemade under this Deed other than the promise to pay the Settlement Sum, theparties agree that the following provisons shall apply:

####  

#### (1)                                         ThePurton Parties may send written notice of the default to the Elixir Parties’address for notices specified herein;

####  

#### (2)                                         TheElixir Parties must within 14 days of receiving such written notice of defaultremedy the default and send written notice of having remedied the default tothe Purton Parties’ solicitors;

####  

#### (3)                                         If,within 14 days after having sent a written notice of default to the ElixirParties the Purton Parties have not received the written notice of remedyreferred to in the preceding sub-clause the Purton Parties shall be at libertyto commence a proceeding to enforce their rights under this deed and apply forjudgment in whatever form is appropriate to the nature of the default and it ishereby further agreed that:

####  

##### (A)                                        thisDeed may be produced as evidence of the Elixir Parties’ irrevocable consent tosuch judgment; and

 

##### (B)                                        anaffidavit by a solicitor acting for the Purton Parties to the effect that thedefault has occurred and not been remedied shall be sufficient evidence ofsame.

#####  

### (c)                                           Inthe event of default by the Purton Parties or any one of them in any promisemade under this Deed, the parties agree that the following provisons shallapply:

###  

#### (1)                                         TheElixir Parties may send written notice of the default to the Purton Parties’address for notices specified herein;

####  

#### (2)                                         ThePurton Parties must within 14 days of receiving such written notice of defaultremedy the default and send written notice of having remedied the default tothe Elixir Parties’ solicitors;

 

6

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|  | 8   Confidentiality |
|--|------------------------------------|

 

#### (3)                                         If,within 14 days after having sent a written notice of default to the PurtonParties the Elixir Parties have not received the written notice of remedyreferred to in the preceding sub-clause the Elixir Parties shall be at libertyto commence a proceeding to enforce their rights under this deed and apply forjudgment in whatever form is appropriate to the nature of the default and it ishereby further agreed that:

####  

##### (A)                                        thisDeed may be produced as evidence of the Purton Parties’ irrevocable consent tosuch judgment; and

#####  

##### (B)                                        anaffidavit by a solicitor acting for the Elixir Parties to the effect that thedefault has occurred and not been remedied shall be sufficient evidence ofsame.

#####  

# 8                                                  Confidentiality

#  

### (a)                                          Neither party may disclose any information inrespect of this deed, other than for the purpose of enforcing this deed,obtaining legal or tax advice in relation to this deed, or as required by law, rules orregulations under the applicable stock exchange; or with the prior writtenconsent of the other party.

###  

### (b)                                          Subjectto the permitted disclosures in sub-clause (a) above, each party must useits best endeavours to ensure that none of its employees, servants, agents,officers or advisers****or RelatedParties****disclose any such information.

###  

# 9                                                  Plea in bar

#  

Each party acknowledges that the otherparty****and its Related Parties are entitledto enforce this deed directly****and in thecase of its Related Parties to the same extent as if the Related Parties werenamed as parties to this deed and may plead this deed in bar to any claim orproceeding by the other party****or its RelatedParties in respect of the Released Matters.

 

# 10                                           Costs and expenses

#  

### (a)                                          Each party must pay its own legal and othercosts and expenses in respect of the Dispute.

###  

### (b)                                          Eachparty must pay its own costs and expenses in respect of:

###  

#### (1)                                         thenegotiation, preparation, execution, delivery, stamping and registration ofthis deed; and

####  

#### (2)                                         theenforcement or protection or attempted enforcement or protection of any rightsunder this deed,

####  

including, but not limited to, any legalcosts and expenses on an indemnity basis and any professional consultant’s feesin respect of any of the above.

 

7

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|  | 11   General |
|--|-----------------------------|

 

# 11                                           General

 

## **11.1**                                 Notices

 

### (a)                                          Noticeof any default or other matter required under this deed must be sent to:

###  

#### (1)                                         Halland Wilcox Lawyers, level 30, 600 Bourke Street, Melbourne, Victoria 3000 (inrespect of notices to the Purton Parties).

####  

#### (2)                                         Freehills,level 42, 101 Collins Street, Melbourne, Victoria 3000 (in respect of noticesto the Elixir Parties).

####  

## **11.2**                                 Governing law and jurisdiction

## ** **

### (a)                                          Thisdeed is governed by the law in force in Victoria.

###  

### (b)                                          Eachparty irrevocably submits to the non-exclusive jurisdiction of courtsexercising jurisdiction in Victoriaand courts of appeal from them in respect of any proceedingsarising out of or in connection with this deed. Each party irrevocably waivesany objection to the venue of any legal process in these courts on the basisthat the process has been brought in an inconvenient forum.

###  

## **11.3**                                 Time of the essence

## ** **

### Timeis of the essence in relation to all promises made under this Deed.

###  

## **11.4**                                 Invalidity and enforceability

## ** **

### (a)                                          Ifany provision of this deed is invalid under the law of any jurisdiction theprovision is enforceable in that jurisdiction to the extent that it is notinvalid, whether it is in severable terms or not.

###  

### (b)                                          Clause 11.4(a) doesnot apply where enforcement of the provision of this deed in accordance withclause 11.4(a) would materially affect the nature or effect of theparties’ obligations under this deed.

###  

## **11.5**                                 Waiver

## ** **

### (a)                                          Noparty to this deed may rely on the words or Conduct of any other party as aWaiver of any Right unless the Waiver is in writing and signed by the partygranting the Waiver.

###  

### (b)                                          Themeanings of the terms used in this clause 11.5 are set out below.

 
| **Term**    | ** ** | **Meaning**                                                                                              |
|-------------|------------|----------------------------------------------------------------------------------------------------------|
| ** **  | ** ** | ** **                                                                                               |
| **Conduct** |       | includes  delay in the exercise of a right.                                                              |
| ** **  |       |                                                                                                     |
| **Right**   |       | any  right arising under or in connection with this deed and includes the right to  rely on this clause. |

 

8

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|  | 12   Interpretation |
|--|------------------------------------|

 
| **Term**   | ** ** | **Meaning**                                                                                            |
|------------|------------|--------------------------------------------------------------------------------------------------------|
| ** ** | ** ** | ** **                                                                                             |
| **Waiver** |       | an  election between rights and remedies, and conduct which might otherwise give  rise to an estoppel. |

## ** **

## **11.6**                                 Variation

## ** **

### A variation of any termof this deed must be in writing and signed by the parties.

###  

## **11.7**                                 Assignment of rights

## ** **

### (a)                                          Rightsarising out of or under this deed are not assignable by a party without theprior written consent of the other parties.

###  

### (b)                                          Abreach of clause 11.7(a) by:

###  

#### (1)                                         thePurton Parties entitles the Elixir Parties to terminate this deed;

####  

#### (2)                                         theElixir Parties entitles the Purton Parties to terminate this deed.

####  

### (c)                                           Clause 11.7(b) doesnot affect the construction of any other part of this deed.

###  

## **11.8**                                 Severability

## ** **

### (a)                                          Subjectto clause 11.8(b) the application of any clause of this deedwhich is prohibited in any jurisdiction is, in that jurisdiction, ineffectiveonly to the extent of that prohibition.

###  

### (b)                                          Clause 11.8(a) doesnot apply where the prohibition of the application of any clause of thisdeed in any jurisdiction would substantially change the nature of the parties’obligations under the deed.

###  

## **11.9**                                 Entire agreement

 

This deedstates all the express terms of the agreement between the parties in respect ofits subject matter. It supersedes all prior discussions, negotiations,understandings and agreements in respect of its subject matter.

 

## **11.10**                          No reliance

 

No****party has relied on any statement by any****other party not expressly included in this deed.

 

## **11.11**                          Counterparts

## ** **

Thisdeed may be executed in any number of counterparts.

 

# 12                                           Interpretation

#  

## **12.1**                                 Agreement components

 

Thisdeed includes any schedule.

 

9

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|  | 12   Interpretation |
|--|------------------------------------|

 

## **12.2**                                 Interpretation

 

In thisdeed:

 

### (a)                                          Headingsand bold type are for convenience only and do not affect the interpretation ofthis deed.

###  

### (b)                                          Thesingular includes the plural and the plural includes the singular.

###  

### (c)                                           Wordsof any gender include all genders.

###  

### (d)                                          Otherparts of speech and grammatical forms of a word or phrase defined in this deedhave a corresponding meaning.

###  

### (e)                                           Anexpression importing a person includes any company, partnership, joint venture,association, corporation or other body corporate and any Government Agency aswell as an individual.

###  

### (f)                                            Areference to a clause, party, schedule, attachment or exhibit is a reference toa clause of, and a party, schedule, attachment or exhibit to, this deedand a reference to this deed includes any schedule, attachment and exhibit.

###  

### (g)                                           Areference to any legislation includes all delegated legislation made under itand amendments, consolidations, replacements or re-enactments of any of them.

###  

### (h)                                          Areference to a document includes all amendments or supplements to, orreplacements or novations of, that document.

###  

### (i)                                              Areference to a party to a document includes that party’s successors andpermitted assignees.

###  

### (j)                                             Apromise on the part of 2 or more persons binds them jointly and severally. Eachof the “Purton Parties” and “Elixir Parties” shall be regarded as a “party” tothis deed. Receipt of the Settlement Sum by any one of the Purton Partiespursuant to clause 1 above shall be deemed received by all Purton Parties.

###  

### (k)                                          Areference to an agreement other than this deed includes a deed and any legallyenforceable undertaking, agreement, arrangement or understanding, whether ornot in writing.

###  

### (l)                                              Areference to liquidation or insolvency includes appointment of anadministrator, compromise, arrangement, merger, amalgamation, reconstruction,winding-up, dissolution, deregistration, assignment for the benefit ofcreditors, scheme, composition or arrangement with creditors, insolvency,bankruptcy, or any similar procedure or, where applicable, changes in theconstitution of any partnership or person, or death.

###  

### (m)                                      Noprovision of this deed will be construed adversely to a party because thatparty was responsible for the preparation of this deed or that provision.

###  

### (n)                                          Areference to a body, other than a party to this deed (including an institute,association or authority), whether statutory or not:

###  

#### (1)                                         whichceases to exist; or

####  

#### (2)                                         whosepowers or functions are transferred to another body,

####  

is areference to the body which replaces it or which substantially succeeds to itspowers or functions.

 

## **12.3**                                 Interpretation of inclusive expressions

## ** **

Specifyinganything in this deed after the words ‘include’ or ‘for example’ or similarexpressions does not limit what else is included.

 

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|  | 12   Interpretation |
|--|------------------------------------|

 

## **12.4**                                 Business Day

## ** **

Where the dayon or by which any thing is to be done is not a Business Day, that thing mustbe done on or by the next Business Day.

 

11

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Signing page

 
| Executed  as a deed                                           |
|---------------------------------------------------------------|
|                                                          |
| **Executed by:**                                              |
|                                                          |
| **William Westmore Purton**                                   |
| ** **                                                    |
|                                                          |   |   |
|                                                          |   | Witness |
|                                                          |   |   |
|                                                          |   |   |
| Wiliam  Westmore Purton                                       |   | Witness  name (please print) |
|                                                          |   |   |
| **Synwood Pty Ltd**                                           |   |   |
| **(ACN 005 506 150)**                                         |   |   |
| in accordance with section 127 of the *Corporations Act 2001* |   |
|                                                          |   |   |
|                                                          |   |   |
| Secretary/  Director                                          | ** ** | Witness |
|                                                          |   |   |
|                                                          |   |   |
| Wiliam  Westmore Purton                                       |   |   |
| Name (please print)                                           | ** ** | Witness name (please print) |

 

12

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| **Lancefield Management Pty Ltd**                              |   |                         |
|----------------------------------------------------------------|--------|------------------------------|
| **(ACN 124 769 133)**                                          |   |                         |
|                                                           |   |                         |
| in  accordance with section 127 of the *Corporations Act 2001* |
|                                                           |   |                         |
|                                                           |   |                         |
| Secretary/  Director                                           |   | Witness                      |
|                                                           |   |                         |
|                                                           |   |                         |
| Wiliam  Westmore Purton                                        |   |                         |
| Name  (please print)                                           |   | Witness  name (please print) |
|                                                           |   |                         |
|                                                           |   |                         |
| **Elixir Gaming Techonologies, Inc**                           |   |                         |
| in accordance  with section 127 of the *Corporations Act 2001* |
|                                                           |   |                         |
|                                                           |   |                         |
| Secretary/  Director                                           |   | Witness                      |
|                                                           |   |                         |
|                                                           |   |                         |
| Clarence  Chung                                                |   |                         |
| Name  (please print)                                           |   | Witness  name (please print) |
|                                                           |   |                         |
|                                                           |   |                         |
| **Dolphin Products Pty Ltd**                                   |   |                         |
| **(ACN 004 241 945)**                                          |
| in  accordance with section 127 of the *Corporations Act 2001* |
|                                                           |   |                         |
|                                                           |   |                         |
| Secretary/  Director                                           |   | Witness                      |
|                                                           |   |                         |
|                                                           |   |                         |
| Clarence  Chung                                                |   |                         |
| Name  (please print)                                           |   | Witness  name (please print) |

 

13

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| **Dolphin Advanced Technologies Pty Ltd**                      |   |                        |
|----------------------------------------------------------------|--------|-----------------------------|
| **(ACN 007 081 996)**                                          |   |                        |
| in  accordance with section 127 of the *Corporations Act 2001* |
|                                                           |   |                        |
|                                                           |   |                        |
| Secretary/  Director                                           |   | Witness                     |
|                                                           |   |                        |
|                                                           |   |                        |
| Clarence  Chung                                                |   |                        |
| Name (please print)                                            |   | Witness name (please print) |

 

14

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Annexure 1

 

AmendedStatement of Claim

 

15

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Annexure 2

 

Defenceto Amended Statement of Claim and Amended Counterclaim

 

16

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Annexure 3

 

Assignmentby Inventors

 

17

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Annexure 4

 

Declarationfor Patent Application

 

18

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Annexure 5

 

ShortMinutes of Order

 

#### (1)                                         TheProceeding is dismissed by consent.

#### (2)                                         Noorder asto costs.

 

19

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