----

|   | 1.1  | “Authorized Seller”      means Optimal, GPSI, or a sublicensee in the case of a sublicense      authorized by this Agreement, depending on the context.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|--------|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   | 1.2  | “Chain of Distribution”      means suppliers, distributors, OEM partners, agents, and related companies      engaged by an Authorized Seller in the manufacture, use, offering for      sale, sale or importation of Handheld Devices (including wireless carriers      and other distributors of software products for handheld hardware      devices), and to all end users or purchasers of any Handheld      Device.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   | 1.3       | “Handheld Devices” means      hardware and software systems for Distance Measurement on a golf course      using GPS and which (i) are capable of being carried by hand, (ii) do not      utilize a local area differential correction and base station installed on      a golf course, and (iii) are integrated or intended for integration into a      handheld unit.  “Handheld Devices” specifically excludes devices      that are provided by a golf course for use by End Users on the course and      which are detachably mounted to a golf cart unless (i) the primary source      of energy is from the devices' own battery and not the cart battery; and      (ii) the device is capable of operating independently of the golf cart for      long periods of time.  Handheld Devices comprises two categories      of products:  (1) Hardware/Software Products and (2) Software      Only Products. |
|   |      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |      | 1.3(a)             “GPS Golf Software      Applications” means all software applications practicing or covered      by the Licensed Patent, and intended for use with a GPS enabled handheld      hardware device, such as a PDA, PND or cell phone, and digital course maps      adapted for use with said software applications.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |      | 1.3      (b)        “Hardware/Software Products”      means Handheld Devices where the hardware and GPS Golf Software      Applications are made by or for the Authorized Seller and sold and/or      distributed in the Authorized Seller’s chain of distribution and the      device is sold and/or distributed with the GPS Golf Software Application      preloaded on the device.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |      | 1.3      (c)        “Software Only Products”      means GPS      Golf Software      Applications where only the GPS Software Applications are made by or for      the Authorized Seller and sold and/or distributed in the Authorized      Seller’s Chain of Distribution to the End User.  “Software Only      Products” specifically excludes such GPS Golf  Software      Applications that are preloaded on a handheld device at the time of sale      or distribution of thedevice.                                                                                                                                                                                                                                                                                                                                                                                   |

|   | 1.4 | “Consumer Handheld      Field” means all Handheld Devices sold through an Authorized      Seller’s Chain of Distribution. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------|

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|   | 1.5       | "Continuation" means,      with respect to patents and patent applications, a re-filing of a      specification filed in a prior patent application for which priority is      claimed in whole or in part, with or without the presence of new matter or      of matter or claims divided from the prior patent application, and without      regard to whether or not a patent has matured from the prior patent      application. |
|--------|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |      |                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | 1.6  | "Course" means a golf      course.                                                                                                                                                                                                                                                                                                                                                                                                   |

|   | 1.7 | "Course Management"      means tracking the position of a golfer on a Course with Handheld Devices      or Licensed Methods using GPS. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------|

|   | 1.8 | "Distance Measurement"      means measuring distance from a GPS receiver on a Course to a feature on      the Course using GPS. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------|

|   | 1.9    | "Licensed Patent" means      U.S. Patent No. 5,364,093 issued on November 15, 1994 assigned      to GPSI and entitled "Golf Distance Measuring System and      Method"                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | 1.10   | "Licensed Methods" means      methods relating to Distance Measurement and/or Course Management on a      Course using GPS enabled Handheld Devices which in the absence of this      Agreement would infringe at least one claim of the Licensed      Patents.                                                                                                                                                                                                                                                                                                                                                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | 1.11   | "Licensed Territory"      means the United States and any region in which an activity of Optimal is      covered by the Licensed Patent.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | 1.12   | “Tournament Device”      means a hardware and software system for Distance Measurement on a      golf course using GPS that is capable of being carried by hand and that      has a temporary local area differential GPS base station on the golf      course that is intended to be used for a tournament and practice leading      up to said tournament.                                                                                                                                                                                                                                                                                       |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | 1.13   | “End User” means the end      user of a Handheld Device excluding retailers, resellers, wholesalers,      distributors, and service providers of a Handheld  Device.                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | 1.14   | “Net Sales” means gross      revenues received by GPSI or Optimal or its sublicense from the sale or      lease of Software Only Products as separate articles of commerce, less any      and all (i) taxes, duties and tariffs imposed on the manufacture, sale,      transfer, importation, transportation or storage thereof; (ii) packing,      transportation and insurance costs for delivery thereof; (iii) credits,      discounts, allowances and returns actually granted thereon; and (iv)      commissions actually paid to any independent dealer, distributor, sales      representative or agent in connection with sales  thereof. |

----

|   |  2.1       | GPSI      grants to Optimal a perpetual, non-terminable, royalty-free, exclusive      (except as to GPSI ) license under the Licensed Patent in the Consumer      Handheld Field, to develop, make, have made, use, sell, offer for sale,      lease, import, distribute and otherwise dispose of Handheld Devices and to      practice Licensed Methods in and into the Licensed    Territory.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|--------|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |  2.2  | Optimal’s      commercialization activities are limited to Optimal’s Chain of      Distribution, which includes Optimal’s right to sublicense End      Users.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   |            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |  2.3       | Optimal      shall also have the right to sublicense third parties under the Licensed      Patent within the scope of the license grant of Paragraph 2.1, with the      limited exception of Software Only Products as set forth in Paragraph 3.1      below.  Any such sublicense shall be limited to a sublicensee’s      Chain of Distribution.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |  2.4       | Additionally,      GPSI grants to Optimal a perpetual, non-terminable, royalty-free,      exclusive (except as to GPSI ) license under the Licensed Patent, to      develop, make, and have made up to 100  Tournament Devices, and      to lease or otherwise provide such devices for use on a temporary basis in      connection with up to 50 tournaments per year, and to sublicense the      right, to practice Licensed Methods solely in connection with such      tournaments in and into the Licensed Territory.  Optimal shall      provide GPSI on a quarterly basis a written accounting setting forth the      number of Tournament Devices commercialized under this limited additional      license grant during the proceeding quarter and the running total number      of such devices, as well as the identity, course name and date(s) of each      tournament at which such devices were provided during the proceeding      quarter. |
|   |            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | 2.5             | GPSI      shall retain a nonexclusive, royalty-free perpetual right and license      under the Licensed Patent in the Consumer Handheld Field to develop, make,      have made, use, sell, offer for sale, lease, import, distribute and      otherwise dispose of Handheld Devices and to practice Licensed Methods in      and into the Licensed Territory.  With respect to      Hardware/Software Products, the foregoing grant is limited to GPSI’s Chain      of Distribution, which includes GPSl’s right to sublicense End      Users.  GPSI shall not have the right to sublicense the Licensed      Patent for Hardware/Software Products outside of its Chain of Distribution      in the Consumer Handheld Field.  GPSI’s right to sublicense the      Licensed Patent for Software Only Products outside of its Chain of      Distribution is as set forth in Paragraph3.1.                                        |

|   | 2.6 | Notwithstanding      Paragraph 2.5, GPSI agrees that until July 20, 2009 it will not sell a      Hardware/Software Product for use in golf in the United      States. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 2.7 | The      Parties agree that neither party has any rights under the Licensed Patents      in the Consumer Handheld Field except as expressly set forth in this      Agreement. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.1 | Each      party shall have the right to commercialize (i.e., develop, make, have      made, use, sell, offer for sale, lease, import, distribute and otherwise      dispose of) Software Only Products independently for its own      account.  Each party may, alternatively, sublicense its right to      commercialize Software Only Products on an exclusive and royalty free      basis to a single third party (hereinafter “Venture Partner”) outside of      its Chain of Distribution.  Each party may participate in the      commercialization of Software Only Products with its sublicensed Venture      Partner, but shall not commercialize its own Software Only Products      independent of the Venture Partner during the period in which such      sublicense is in effect. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.2 | Sublicenses      executed prior to the execution of this Replacement Agreement, listed in      Exhibit A attached hereto, are recognized as valid and subsisting and are      exempt from any additional requirements of this Replacement Agreement or      separate license agreement for Software Only Products which are      inconsistent with such sublicenses.  The parties further agree      that their jointly retained contingent fee counsel may issue additional      licenses for Software Only Products to third parties in connection with      the settlement of actual or potential claims of patent infringement      against such third parties.  Any such sublicense shall be      limited to the sublicensee’s Chain of Distribution and shall include      royalty and payment terms mutually agreed upon by the GPSI and      Optimal.  Both GPSI and Optimal shall be included as parties to      any such sublicense agreement, and such agreement shall not be effective      unless executed by each of GPSI, Optimal and the    sublicensee. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.3 | Within      180 days from the Effective Date of this Agreement, Optimal shall have the      right to cancel is previously executed royalty bearing license to      Assistant Golf Pro and to sublicense Assistant Golf Pro on an exclusive      and royalty free basis as Optimal’s Venture Partner pursuant to Paragraph      3.1.  In the event that Optimal does not exercise its right to      do so within said 180 day period, then GPSI shall automatically have the      right to grant one additional license for Software Only Products to any      additional third party outside of its Chain of Distribution at royalty      rate of 10% of Net Sales. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.4 | Neither      Optimal nor GPSI shall have the right to sublicense any additional third      parties under the Licensed Patent for Software Only Products outside of      its Chain of Distribution beyond the limits imposed in the above      Paragraphs 3.1 to 3.3 without the express written permission of the other      party. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 3.5 | Neither      party shall name as a Venture Partner or sublicensee under Paragraphs 3.1      or 3.3, or assign this Agreement or the Licensed Patent under Section 5      to, a third party with which there is an actual dispute involving      infringement of the LicensedPatent. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.6 | Neither      party is obligated to pay royalties to the other party for sales of      Software Only Products under Paragraph 3.1.  Optimal is not      obligated to pay to GPSI any portion of royalties generated from its      sublicense to Assistant Golf Pro.  GPSI is not obligated to pay      to Optimal any portion of royalties generated from any sublicense granted      by GPSI under Paragraph 3.3.  The royalties received from any      additional licenses for Software Only Products under Paragraph 3.2, net of      any amounts due contingent fee counsel, will be shared equally between      GPSI and Optimal. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.1. | Except      as set forth in this Article 5, this Agreement and the rights, licenses      and obligations hereunder may not be assigned by Optimal without the      express written consent of GPSI. This Agreement shall be binding upon and      inure to the benefit of the Parties hereto, their permitted assigns,      trustees or receivers in bankruptcy or successors by merger, purchase of      assets or otherwise. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.2. | GPSI      acknowledges that Optimal is the nominee of Darryl Cornish and Chad Huston      and consents to the substitution of such nominee upon notice as provided      herein.  GPSI agrees that Optimal may license or assign this      Agreement to an entity organized to commercialize consumer GPS golf      handhelds, currently designated AssistantPro, Inc. a Texas corporation      organized for that purpose, or a substitute  nominee. |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.3. | Optimal      may assign this Agreement and the rights and obligations hereof to an      acquirer of substantially all of the assets of  Optimal. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.4. | GPSI      shall have the right to assign this Agreement, and the rights, licenses      and obligations thereof, except that GPSI may not assign its rights with      respect to Software Only Products if such assignment would be inconsistent      with the limitations imposed under Paragraphs 3.1 to  3.4. |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                  | 6.1      | GPSI Representations and      Warranties.  GPSI represents and warrants to Optimal, as      of the Effective Date of this Agreement, that:                                                                                                                                                                                                                                                                                                                                                                                          |
|--------------------------------------------------------------------------------------------------|-----------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                             |                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                                             |                              | 6.1.1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | GPSI      is sole and exclusive owner of the identified Licensed Patent and has the      power to enter into this Agreement and to grant the license granted herein      to Optimal, and no consent of any other person is required      therefore; |
|                                                                                             |                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                                             |                              | 6.1.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | GPSI      and Optimal are engaged in current claims actions, suits, or proceedings      relating to the Licensed Patent; and |
|                                                                                             |                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                                             |                              | 6.1.3                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | GPSI      is not party to an existing agreement with any other party that conflicts      with this Agreement or the license granted herein to    Optimal. |
|                                                                                             |                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                                             | 6.2                          | GPSI Warranty      Disclaimer.  GPSI DISCLAIMS ANY WARRANTY AS TO VALIDITY      OF THE LICENSED PATENT, NON-INFRINGEMENT OF LICENSED PRODUCTS, AND ANY      WARRANTY AS TO THE ACCURACY, SUFFICIENCY OR SUITABILITY OF THE LICENSED      PRODUCTS AND ASSUMES NO RESPONSIBILITY OR LIABILITY FOR LOSS OR DAMAGES,      WHETHER DIRECT, INDIRECT, CONSEQUENTIAL, OR INCIDENTAL WHICH MIGHT ARISE      OUT OF ANOTHER'S USE OF THE LICENSED PRODUCTS, WHICH SHALL BE ENTIRELY AT      OPTIMAL'S OR IT'S SUBLICENSEE'S RISK AND PERIL. |
|                                                                                             |                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                                             | 6.3                               | Optimal Representations and      Warranties.  Optimal represents and warrants to GPSI, as      of the Effective Date of this Agreement, that:                                                                                                                                                                                                                                                                                                                                                                                       |
|                                                                                             |                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                                             |                              | 6.3.1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Optimal      has the power to enter into this Agreement and no consent of any other      person is required therefore; |
|                                                                                             |                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                                             |                              | 6.3.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Optimal      and GPSI are engaged in current claims actions, suits, or proceedings      relating to the LicensedPatent. |

----

|                    | 10.1     | The      term of this Agreement shall commence on the Effective Date hereof, and      shall continue in effect for so long as any claim in the Licensed Patent      is valid and subsisting, unless terminated earlier as provided in this      section.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|--------------------------------------------------------------------------------------------------------------|------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                         |                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                                                                                         | 10.2                         | This      Agreement may be terminated by mutual, written agreement of the      parties.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                                                                                                         |                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                                                                                         | 10.3                         | This      Agreement may be terminated if a party to this Agreement commits a      material breach of any material provision herein upon written notice to      the defaulting party and such default is not cured within 45 days of      such notice.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                                                                         |                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                                                                                         | 10.4                         | All      rights and licenses granted under or pursuant to this Agreement by GPSI to      Optimal are, and shall otherwise be deemed to be, for purposes of Section      365(n) of Title 11, U.S. Code (the "Bankruptcy Code"), licenses and rights      to "intellectual property" as defined under Section 101 of the Bankruptcy      Code. The Parties agree that Optimal, as licensee of such rights under      this Agreement, shall retain and may fully exercise all of its rights and      elections under the Bankruptcy Code.  In the event that GPSI      otherwise defaults under this Agreement or otherwise ceases, discontinues      or terminates all business activity, this Agreement and license shall      survive such dissolution, default, cessation, discontinuation or      termination. |

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|  11.       | Effect of Termination      and Expiration |
|----------------------|-------------------------------------------|
|                 |                                      |   |   |
|                 | 11.1                                      | Effect      of Termination.  Upon early termination of this Agreement      under Paragraphs 10.2 and 10.3 of Article 10 hereof, the license granted      herein to Optimal may only terminate upon early termination of this      Agreement due to a Optimal material breach, except that Optimal (or its      assignee) shall have the right thereafter to sell or lease its inventory      of Handheld Devices remaining on the date of the      termination. |
|                 |                                      |   |   |
|                 | 11.2                                      | Survival.   Articles      9, 10-13 and Paragraph 14.4 shall survive expiration or termination of      this Agreement. |
|                 |                                      |   |
|  12   | Disputes                                  |   |
|                 |                                      |   |   |
|                 | 12.1                                      | Any      dispute arising out of or relating to this Agreement shall be resolved      exclusively in accordance with the procedures specified in this Article      12. |
|                 |                                      |   |
|                 | 12.2.                                     | The Parties shall      attempt in good faith to resolve any dispute arising out of or relating to      this Agreement by negotiation between executives who have authority to      settle the controversy and who are at a higher level of management than      the persons with direct responsibility for administration of this      contract. Any Party may give the other Party written notice of any dispute      not resolved in the normal course of business. Such notice shall include      (a) a statement of that Party’s position and a summary of arguments      supporting that position, and (b) the name and title of the executive who      will be representing that Party and of any other person who will accompany      the executive in the negotiations. Within fifteen (15) days after delivery      of the notice, the receiving Party shall respond with (a) a statement of      that Party’s position and a summary of arguments supporting that position,      and (b) the name and title of the executive who will represent that Party      and of any other person who will accompany the executive in the      negotiations. Within thirty (30) days after delivery of the initial      notice, the executives of both Parties shall meet at a mutually acceptable      time and place and thereafter as often as they reasonably deem necessary      to attempt to resolve the dispute. All reasonable requests for information      made by one Party to the other will be honored.  All      negotiations pursuant to this clause are confidential and shall be treated      as compromise and settlement negotiations for purposes of applicable rules      of evidence. |
|                 |                                      |   |
|                 | 12.3.                                     | If the dispute has      not been resolved by the negotiation process specified in section 12.2,      within forty-five (45) days following the initial notice, the Parties      shall endeavor to settle the dispute by mediation under the then current      CPR Mediation Procedure published by the CPR Institute for Dispute      Resolution (NYC). Unless otherwise agreed, the Parties will select a      mediator from the CPR Panels of Distinguished  Neutrals. |

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|          | 12.4.              | Any dispute which      has not been resolved by a non-binding procedure as provided herein,      within one-hundred twenty (120) days of the initiation of such procedure,      shall be resolved by binding arbitration in accordance with the then      current CPR Rules for Non-Administered Arbitration by a panel of three      arbitrators. The arbitration shall be governed by the Federal Arbitration      Act, 9 U.S.C. §§ 1-16, and judgment upon the award rendered by the      arbitrators may be entered by any court having jurisdiction      thereof.  The place of mediation and arbitration shall be      Chicago, Illinois.  The arbitrators may enter injunctive relief,      including specific performance, both pendente      lite and permanent, but are not empowered to award damages in      excess of compensatory damages; each Party expressly waives and foregoes      any right to punitive, exemplary or similar damages. |
|--------------------|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|     |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|               | 12.5.              | The      foregoing provisions in this Article 12 notwithstanding, either Party may      at any time initiate an arbitration proceeding in accordance with the      provisions of section 12.4 if that Party faces immediate and irreparable      harm requiring the entry of a temporary restraining order, preliminary      injunction or a like remedy to preserve the status quo      ante.  The application for this extraordinary relief may be made      unilaterally and the Party seeking that relief may invoke such emergency      provisions as are permitted under the Rule 14 of the CPR Rules, providing      the appointment of an arbitrator by CPR on an expedited      basis.  During the pendency of any proceedings or the      application of any emergency relief under this section 14.5, the Parties      shall nevertheless conform to the dispute resolution procedures set forth      in this Article14                                    |

|   | If to    Optimal:        | Optimal IP Holdings,      L.P. Austin,      Texas  78720Attention:  Darryl      Cornish                                                        |
|--------|--------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                     |                                                                                                                                                               |
|   | With copy      to:  | Daffer McDaniel,      L.L.P. 700      LavacaSuite      720 Austin,      TX  78701Facsimile      No.:  (512) 703-1260Attention:      ChadHuston |

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|   | If      to GPSI: |                                                                                                                                                                                        |
|--------|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |             |                                                                                                                                                                                        |
|   |             | GPS      Industries, Inc. 1358      Fruitville Road, Suite 210Sarasota,      Florida 34236                                                                                                  |
|   |             |                                                                                                                                                                                        |
|   |             | Attention:      David Chessler.Facsimile:      604-576-7460                                                                                                                                 |
|   |             |                                                                                                                                                                                        |
|   |             | With      a copy to:                                                                                                                                                                        |
|   |             |                                                                                                                                                                                        |
|   |             | Loeb      & Loeb, LLP10100      Santa Monica Boulevard, Suite 2200Los      Angeles, CA 90067Attention:  David      L. Ficksman, Esq.Facsimile:  (310)      282-2200 |

| 14.            | General      Provisions |
|-----------------------------------------------------------------------|-------------------------|
|                                                                  |                    |   |
|                                                                  | 14.1                    | This      Agreement supersedes and replaces Patent License Agreement dated November      19, 2004 between GPSI, OGSI, and Optimal Royalty, L.P., and the First      Amendment to the Patent License Agreement dated December 7,      2006.  In the event of any inconsistency between this the prior      Patent License Agreement or the First Amendment to the Patent License      Agreement and this Replacement Patent License Agreement, this Agreement      governs and controls. |
|                                                                  |                    |   |
|                                                                  | 14.2                    | Waiver      or Modification.  The waiver, amendment or modification      of this Agreement or any right or obligation hereunder shall not be      effective unless agreed to by each of the parties in      writing. |
|                                                                  |                    |   |
|                                                                  | 14.3                    | Force      Majeure.  Neither party will be deemed in default of this      Agreement to the extent that performance of its obligations or attempts to      cure any breach are delayed or prevented by reason of any act of God,      fire, natural disaster, accident, act of government, shortages of material      or supplies or any other cause beyond the control of such party, provided      that such party gives the other party written notice thereof promptly and,      in any event, within thirty (30) days of discovery thereof and uses good      faith efforts to so perform or cure.  In the event of such a      Force Majeure, the time for performance or cure will be extended for a      period equal to the duration of the Force Majeure but not in excess of six      (6) months unless agreed to by both parties in      writing. |
|                                                                  |                    |   |
|                                                                  | 14.4                    | Governing      Law.  This Agreement shall be governed by the laws of the      State of Delaware. |
|                                                                  |                    |   |
|                                                                  | 14.5                    | Severability.  If      any provisions of the Agreement or the application of any such provision      shall be held to be contrary to law, the remaining provisions of this      Agreement shall continue in full force and      effect. |

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|                  | 14.6    | Entire      Agreement.  The      parties acknowledge that this Agreement expresses their entire      understanding and agreement with respect to Licensed Products sold or      installed after the Effective Date of this Agreement, and that there have      been no warranties, representations, covenants or understandings made by      either party to the other except such as are expressly set forth      herein.. |
|--------------------------------------------------------------------------------------------------|------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Optimal      IP Holdings, LP |   | GPS      Industries, Inc. |   |
|------------------------------|--------|---------------------------|--------|
|                         |   |                      |   |
|                         |   |                      |   |
|                         |   |                      |   |
| By:                          |   |                      | By:    |   |   |
|                         |   |                      |   |   |   |
| Name:                        |   |                      | Name:  |   |   |
|                         |   |                      |   |   |   |
| Date:                        |   |                      | Date:  |   |   |

| Optimal      Golf Solutions, Inc. |   |   |   |
|-----------------------------------|--------|--------|--------|
|                              |   |   |   |
|                              |   |   |   |
|                              |   |   |   |
| By:                               |   |   |   |   |
|                              |   |   |   |   |
| Name:                             |   |   |   |   |
|                              |   |   |   |   |
| Date:                             |   |   |   |   |

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| 1.          | Assistant      Pro |
|----------------------------|--------------------|

| 2.          | GPS      Golf Pro |
|----------------------------|-------------------|

| 3.          | Karrier      Communications |
|----------------------------|-----------------------------|

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