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                                                                    Exhibit 10.4

                                LICENSE AGREEMENT

THIS LICENSE AGREEMENT  is dated the 15th day of October, 2001

BY AND BETWEEN          THE BUD JONES COMPANY, INC., a corporation
                        duly organized and existing under the laws of Nevada,
                        with offices at 3640 S. Valley View Blvd., Las Vegas,
                        Nevada 89103 ("TBJ")

AND                     BOURGOGNE ET GRASSET, a corporation duly organized and
                        existing under the laws of France with offices at Z.l.
                        Beaune Savigny, 21200 Beaune, FRANCE
                        ("BG")
                        (BG and TBJ shall hereinafter be
                        collectively referred to in the
                        singular as the LICENSEE)

AND                     LASER LOCK TECHNOLOGIES INC., a corporation duly
                        organized and existing under the laws of Nevada, with
                        offices at 837, Lindy Lane, Bala Cynwyd, Pennsylvania,
                        19004, and its Affiliates as herein defined

                        (LICENSOR)


WITNESSETH:

WHEREAS,    LICENSOR is the sole owner of a series of proprietary rights,
            patents and patent applications dealing with and relating to,
            amongst other things, technology relating to systems incorporating
            luminescent pigments;

WHEREAS,    LICENSOR wishes to enter into a contractual arrangement with
            LICENSEE so as to provide LICENSEE with the non-exclusive use of the
            LL Technology for the products hereinafter defined in clause 1.06.

NOW, THEREFORE, in consideration of the premises and of the mutual agreements,
provisions and covenants here contained, the parties hereto hereby agree as
follows:

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1.     DEFINITIONS

        1.01    "ACQUIRED" shall mean the number of casino chips and the
                number of pairs of dice sold, delivered, invoiced and for
                which payment has been received by LICENSEE;

        1.02    "AFFILIATES" shall mean any corporation which owns either party
                or is owned or controlled to the extent of at least fifty
                percent (50%) of the issued and voting stock of such corporation
                by either party;

        1.03    "DESIGN RIGHTS" shall mean design rights (whether registered or
                unregistered) which are owned or which may hereafter be owned by
                the Licensor and which relate to the Laser Lock Technologies:

        1.04    "EFFECTIVE DATE" of this Agreement shall be October 15, 2001;

        1.05    "LICENSEE REPORT" shall mean a written report, which shall list
                the customer (or customer code), and the number of units of
                Non-Exclusive Products Acquired by such customer of the Licensee
                during the preceding Quarterly Royalty Period;

        1.06    "LL TECHNOLOGY" shall mean (i) the technology relating to the
                systems incorporating luminescent pigments which are enacted by
                near infrared (NIR), (ii) the technology relating to the
                preparation and mixing of the LICENSOR'S "up-converters"
                pigments and phosphors which convert NIR light into visible;
                (iii) the technology relating to the excitation sources
                necessary for up-converting phosphors and LICENSOR'S pigments;
                (iv) all Design Rights and includes without limitation all
                granted patents and patent applications together with any
                granted patent arising from such applications {collectively, the
                "PATENTS");

        1.07    "NON-EXCLUSIVE PRODUCTS" shall mean and shall be restricted to
                casino chips and pairs of casino dice which incorporate the LL
                Technology when used for gambling purposes;

        1.08    "QUARTERLY ROYALTY PERIOD" a shall mean the period of three (3)
                calendar months commencing as of the Effective Date, and every
                three (3) month period thereafter during the Term;

        1.09    "ROYALTY PERIOD" shall mean a period of twelve (12) calendar
                months commencing on the Effective Date and every twelve (12)
                month period thereafter so long as this Agreement remains in
                effect;

        1.10    "TERM" shall mean the time period contemplated by Article 6;

        l.11    "TERRITORY" shall mean the world.

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2.     LICENSE

        2.01    THE LICENSOR hereby licenses and grants to LICENSEE the
                non-exclusive right to use the LL Technology to market, promote,
                sell, manufacture, and have manufactured Non-Exclusive Products
                or components of Non-Exclusive Products in the Territory;

3.     SUPPLY OF RAW MATERIALS

        3.01    THE LICENSOR shall sell to LICENSEE all pigment required by
                LICENSEE in order that the LICENSEE may mix its own ink for use
                on and with Non-Exclusive Products, the whole at the LICENSOR'S
                then prevailing most favorable selling price of pigment to any
                other party. The pigment selling price as of the Effective Date
                is Three Hundred Forty-Nine dollars (US$349.00) per kilo, and no
                changes to the selling price will be made except upon written
                notice given to LICENSEE at least thirty (30) days prior to the
                effective date of such change;

        3.02    THE LICENSOR also agrees to supply the LICENSEE with such amount
                of laser lights as LICENSEE may require, provided that the
                LICENSEE gives the LICENSOR sufficient and adequate notice so as
                to allow LICENSOR sufficient time to supply the requested amount
                to the LICENSEE. The LICENSEE shall pay the LICENSOR'S cost for
                such laser lights plus fifteen percent (15%) of LICENSOR'S cost.
                The current LICENSOR'S cost is $150.00 (plus the 15% if ordered
                by the LICENSEE);

        3.03    LICENSEE shall pay LICENSOR for the pigments ordered in
                compliance with clause 3.01 and for laser lights ordered in
                compliance with clause 3.02 within a period of forty-five (45)
                days following the date of invoice;

        3.04    Should LICENSOR'S cost for the laser lights be increased, then
                the LICENSOR shall give the LICENSEE a notice of such need to
                change price. The new price shall continue to be based upon the
                actual cost to the LICENSOR, whose records for laser lights
                costing shall be subject to inspection and audit by the LICENSEE
                or its duly authorized representatives. In any and all cases the
                price should always be the actual cost of purchase by the
                Licensor from third parties (plus fifteen percent (15% of
                LICENSOR'S cost)):

        3.05    LICENSOR warrants that all pigments and laser lights shipped and
                delivered to the LICENSEE will be in accordance with samples
                previously submitted to the LICENSEE, who hereby acknowledges
                having received and inspected same. It is agreed that no implied
                warranty or warranties shall arise out of or in connection with
                any sale or sales by the LICENSEE to third parties; and the
                liability of the LICENSOR shall at all times and for whatever
                occurrence be limited to the replacement of defective material
                within a reasonable time after being notified in writing by the
                LICENSEE:

4.     CONSIDERATION

        4.01    In  consideration  of the rights  granted to LICENSEE under this
                Agreement for the LL Technology. LICENSEE agrees to pay to the
                LICENSOR royalties in accordance with the clauses hereinafter
                following;

        4.02    For each Royalty Period commencing on the Effective Date.
                LICENSEE shall pay to LICENSOR at the times and in the manner
                set out in clauses 4.03 and 5.02 hereof

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                either (1) the minimum annual royalty of $25,000.00 (as set
                forth in clause 4.03) or (2) the sum of $0.02 for each
                casino chip and $0.03 per pair of dice, which incorporate
                the LL Technology, Acquired by LICENSEE's customers
                during the Royalty Period; whichever amount is greater;

        4.03    The minimum annual royalty fee of Twenty-Five Thousand Dollars
                ($25,000.00) shall be paid by LICENSEE to LICENSOR by way of
                four quarterly payments of Six Thousand Two Hundred and Fifty
                Dollars ($6,250.00) ("Quarterly Minimum Royalty") for each
                Quarterly Royalty Period with payment beginning on the Effective
                Date and thereafter payment shall continue to be made on the
                first day of each succeeding quarter;

        4.04    In addition to the minimum royalty fee to be paid by the
                LICENSEE to the LICENSOR in accordance with clause 4.02 and 5.02
                hereof, the LICENSEE shall pay to the LICENSOR during each
                Quarterly Royalty Period the amount arrived at by multiplying
                the number of units of the Non-Exclusive Products Acquired by
                LICENSEE's customers in such Quarterly Royalty Period by two
                cents ($0.02) (in the case of casino chips) or three cents
                ($0.03) (in the case of pairs of dice) less the Quarterly
                Minimum Royalty; however, in no event shall the total quarterly
                royalty be less than $6,250.00;

        4.05    Notwithstanding anything to the contrary herein, the maximum
                royalty for any Royalty Period shall not exceed the sum of $0.02
                for each casino chip Acquired and $0.03 for each pair of dice
                Acquired by LICENSEE's customers during the Royalty Period;
                consequently, any necessary adjustment will be made to the
                fourth quarterly royalty payment in each Royalty Period.

5.     RECORD AND REPORTS

        5.01    LICENSEE agrees to keep accurate accounts and complete records
                in sufficient detail to record the number of Non-Exclusive
                Products Acquired by its customers for the Territory during each
                Quarterly Royalty Period or so that the amount of the additional
                payments due to LICENSOR may be ascertained.

        5.02           LICENSEE shall deliver to LICENSOR:

                i)     commencing with the Quarterly Royalty Period beginning on
                       the Effective Date, no later than sixty (60) days after
                       the close of each Quarterly Royalty Period; and

                ii)    after the termination of this agreement

                       a statement specifying the information referred to in
                       clause 5.01 hereof and in such form and containing such
                       details as LICENSOR reasonably requires substantiating
                       the number of Non-Exclusive Products Acquired by
                       LICENSEE's customers in the Territory during the
                       preceding Quarterly Royalty Period. LICENSEE shall, at
                       the same time as providing the said statement, also remit
                       the amount of any royalties due in accordance with the
                       statement. The receipt or acceptance by LICENSOR of any
                       statements furnished pursuant to this Agreement or any
                       royalty payments paid hereunder (or the cashing of any
                       checks paid hereunder) shall not preclude LICENSOR from
                       questioning the correctness thereof at any time and in
                       the event that inconsistencies or mistakes are discovered
                       in such statements or payments, they shall be rectified
                       and appropriate payments shall immediately be made by
                       LICENSEE or credit given to LICENSEE by LICENSOR, as may
                       be appropriate;

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        5.03    If LICENSEE fails to deliver such a statement to LICENSOR within
                sixty (60) days of the end of the particular period, LICENSOR,
                in addition to any other rights and on not less than ten (10)
                days prior notice to LICENSEE may employ an independent auditor
                qualified to practice and practicing in the United States, to
                examine such books and records of LICENSEE as may be necessary
                to enable him to report upon and certify the amount of
                Non-Exclusive Products Acquired by LICENSEE's customers and
                LICENSEE will promptly pay to LICENSOR the cost thereof as
                additional royalty;

        5.04    LICENSEE agrees, upon request by LICENSOR, to permit an auditor
                qualified to practice and practicing in the United States, who
                may be designated by either party, to have access during normal
                business hours at least once annually on twenty (20) business
                days' notice, to audit such books and records as may be
                necessary to determine the correctness of any report or payment
                made under this Agreement. On request, with reasonable notice,
                LICENSEE will make available at its offices, all relevant books
                of account and records;

        5.05    If any audit reveals a discrepancy between the amount payable to
                LICENSOR and the amounts actually paid to LICENSOR and if that
                discrepancy exceeds five percent (5%) of the amounts payable as
                determined in the audit, LICENSEE shall pay all of LICENSOR'S
                reasonable costs associated with such audit. Otherwise, all
                costs associated with any audit shall be the responsibility of
                LICENSOR;

        5.06    LICENSEE  shall be  entitled to receive  copies of all audit
                reports  prepared  pursuant to this Article 5.

6.     TERM AND TERMINATION

        6.01    This Agreement shall commence on October 15, 2001, "and shall
                continue until 7:00 o'clock in the afternoon (Las Vegas time) of
                October 15, 2002 (unless terminated as hereinafter provided);
                and shall thereafter automatically renew from year to year,
                unless and until terminated as provided for in clause 6.02 or
                clause 6.03 hereof;

        6.02    Only LICENSEE shall have the option of terminating this
                Agreement in the following circumstance:

                6.02.1 by not less than ninety (90) days' notice in advance and
                       in writing, to LICENSOR prior to October 15, 2002 or
                       prior to each October 15th thereafter as may be
                       applicable;

        6.03    Either  LICENSEE  or  LICENSOR  shall  have the  option  of
                terminating  this  Agreement  in the following circumstances:

                6.03.1 If a party shall go into liquidation whether voluntary or
                       compulsory, shall be commenced, then the other party may
                       within 60 days, at its sole and absolute discretion, by
                       notice in writing, forthwith terminate this Agreement,
                       failing which notice this Agreement shall continue to
                       remain in full force and effect;

                6.03.2 If a party shall breach any material term or condition of
                       this Agreement, and shall fail to cure or initiate the
                       cure of such material breach within thirty (30) days
                       after receipt of written notice from the other party
                       specifying the nature of the material in full detail, the
                       non-breaching party may

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                       forthwith terminate this Agreement by notice in writing,
                       failing which notice this Agreement shall continue to
                       remain in full force and effect. Notwithstanding the
                       foregoing, in the event of a dispute between LICENSEE and
                       LICENSOR as to whether a material breach has occurred or
                       been cured, LICENSOR shall continue to manufacture and
                       supply inks to LICENSEE and LICENSEE shall continue to
                       pay for such inks, pursuant to Articles 3 and 11, until
                       and unless otherwise directed by the arbitrators pursuant
                       to Article 14 thereof;

7.     WARRANTIES, LIMITATIONS OF LIABILITY, AND HOLD HARMLESS

        7.01    Each party expressly saves and holds the other party, and any
                Affiliates, harmless from any and all liability of any kind or
                nature whatsoever to customers and to other third parties which
                may arise from its negligent acts or omissions;

        7.02    LICENSOR warrants that (a) LICENSOR is the sole and exclusive
                owner of the LL Technology, including without limitation any
                PATENTS associated therewith (b) LICENSOR has the unqualified
                right to enter into this Agreement and perform its terms, (c)
                LICENSOR has not and will not enter into any agreement which is
                inconsistent with "LICENSOR'S" obligations and undertakings to
                LICENSEE under this Agreement, (d) any pigment sold to LICENSEE
                will conform to samples previously provided, and (e) the
                licenses and rights granted pursuant to this Agreement, when
                used as intended and without unauthorized modification, do not
                violate any right or infringe any patent, copyright or other
                protection of intellectual property belonging to any third
                party. LICENSOR agrees to defend, indemnify, and hold harmless
                the LICENSEE and LICENSEE's principals, directors, officers,
                employees, and/or agents from and against any and all
                liabilities, penalties, claims, demands, suits, and causes of
                action of any nature whatsoever, whether groundless or otherwise
                (collectively, "Claims"), and any and all damages, costs and
                expenses sustained or incurred (including cost of defense,
                settlement, and attorney's fees) asserted by or on behalf of any
                person or entity arising out of the licenses or rights or
                intended uses granted by LICENSOR pursuant to this Agreement, or
                the LL Technology applied pursuant to this Agreement, including,
                without limitation, any Claim asserted against LICENSEE that its
                use of the rights and/or technology contemplated in the
                Agreement infringe any patent copyright or as otherwise needed
                for the protection of intellectual property generally, whether
                such Claim is valid or baseless and wherever it may arise;

        7.03    Except as herein expressly stated (a) there are no warranties,
                expressed or implied, by operation of law or otherwise for any
                item furnished hereunder, (b) LICENSOR disclaims any implied
                warranty of merchantability or fitness for a particular purpose,
                and (c) in no event shall LICENSOR or its Affiliates, be liable
                for any incidental, indirect or consequential damages in
                connection with or arising out of this Agreement;

        7.04    LICENSOR hereby represents and warrants that the LL Technology,
                including the luminescent pigments, the NIR, the
                "up-converters," and all other materials which incorporate the
                LL Technology as contemplated by this Agreement, when used in
                the intended manner as per the instructions to be provided by
                LICENSOR; are neither harmful nor dangerous. The representations
                and warranties expressed herein continue beyond the Effective
                Date.

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8.     CONFIDENTIALITY

        8.01    LICENSEE shall keep secret and confidential the LL Technology
                and/or Design Rights made available to it by LICENSOR and shall
                not disclose the same other than to permitted sublicenses, ink
                manufacturers, and those Directors and employees of LICENSEE or
                any Affiliate of LICENSEE who may be deemed to have a legitimate
                reason to be party to the LL Technology and/or Design Rights;

        8.02    LICENSOR shall keep secret and confidential the terms and
                conditions of this Agreement and any information which LICENSEE
                passes to LICENSOR hereunder, and not disclose the same except
                to its own employees as necessary to carry out the purposes of
                this Agreement, or, with respect to the terms and conditions of
                this Agreement, as may be necessary to comply with applicable
                federal securities or other laws;

        8.03    The  obligations of secrecy  undertaken by both parties pursuant
                to this Article 8 shall not apply to information which:

                8.03.1  is  already,  or which  subsequently  becomes
                        generally  known to the public  through no fault of the
                        recipient; or

                8.03.2  the recipient can demonstrate was known to the recipient
                        prior to the date disclosed. For the purposes hereof,
                        that which the recipient can demonstrate was known will
                        be that which the recipient can establish by written
                        evidence was known to it at the date disclosed; or

                8.03.3  is received from a third party, provided that such third
                        party is lawfully entitled to disclose the same; or

                8.03.4  is disclosed in any patent or patent application which
                        may publish;

        8.04    The  obligations  of secrecy  pursuant to this Article 8 will
                expire on the tenth  anniversary of the termination of this
                Agreement as hereinabove provided;

        8.05    The provisions of this Article 8 contain the entire
                understanding and agreement between the parties with respect to
                matters dealing with confidentiality and cannot be amended,
                modified or supplanted in any respect except by a subsequent
                written agreement entered into by both parties. If either party
                is required by a court of law or government agency to disclose
                information otherwise deemed confidential under this Article 8,
                it
                shall give the other party prompt written notice of such
                requirement prior to such disclosure and assistance in obtaining
                and order protecting the information from public disclosure;

9.     IMPROVEMENTS

        9.01    During the term of this Agreement, each party shall disclose to
                the other party any improvements to the LL Technology and/or
                Design Rights which the first party may discover or which comes
                into its possession. Any such improvements shall, from the time
                of the party's knowledge, conception or development, be the
                property of LICENSOR. Upon request by LICENSOR,

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                the LICENSEE shall execute and deliver to LICENSOR such
                instrument as LICENSOR may reasonably request in order to
                achieve such industrial or intellectual property status as
                LICENSOR shall deem appropriate to perfect the assignment of the
                rights so granted by the LICENSEE to LICENSOR; provided,
                however, that LICENSEE shall have a perpetual, irrevocable,
                non-exclusive, and royalty-free license for any such
                improvements which LICENSEE discovers or which come into its
                possession;

10.    MISCELLANEOUS

        10.01   Neither the LICENSEE nor LICENSOR shall be in default under this
                Agreement nor be liable for any failure to perform or for any
                delay in performance resulting from any cause beyond its/their
                reasonable control including compliance with any regulations,
                orders or act of any federal, provincial, state or municipal
                government, or any department or agency thereof, civil or
                military authority, acts of God, acts or omissions of the other
                party, fires, floods or weather, strikes or lockouts, factory
                shutdowns, embargoes, wars, hostilities or riots, delays or
                shortages in transportation or inability to obtain labor,
                manufacturing facilities or material;

        10.02   Each of the parties shall bear all taxes imposed on each of them
                as a result of the existence or operation of this Agreement
                including, but not restricted to, any tax on or measured by any
                payment required to be made by it hereunder, any registration
                tax, any tax imposed with respect to the granting of, or
                transfer of, licenses or other rights or payments hereunder;

        10.03   This Agreement may be varied or amended only by the written
                agreement of the parties hereto through their duly authorized
                officers or representatives;

        10.04   In any case where any notice or other communication is required
                or permitted to be given hereunder, such notice or communication
                shall be in writing and:

                i)   Personally delivered;

                ii)  Sent by postage prepaid registered mail, or

                iii) Transmitted by telex or facsimile to the parties at the
                     addresses first hereinbefore listed or to such other
                     addresses as the parties may notify each other.

        10.05   The relationship between the parties shall be governed by the
                terms of this Agreement, and the terms of a certain Escrow
                Agreement being executed contemporaneously, and shall not extend
                to other activities, transactions or contracts;

        10.06   If any provision of this Agreement is held illegal, such
                provision shall be severed from this Agreement and shall be
                inoperative. The parties shall use their best endeavors to
                replace the severed provision with a new provision which is not
                illegal and which follows the principles of the severed
                provision as closely as legally possible. The remainder of this
                Agreement shall remain binding on the parties hereto;

        10.07   No waiver of breach of any of the provisions of this Agreement
                shall be construed to be a waiver of any succeeding breach of
                the same or any other provision;

        10.08   This Agreement may be executed in any number of counterparts.
                Any single counterpart or set of counterparts signed, in either
                case, by the parties hereto, shall constitute a full and
                original Agreement for all purposes;

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        10.09   The descriptive heading of the several articles of this
                Agreement are inserted for convenience only and do not
                constitute a part of this Agreement. Capitalized terms not
                otherwise defined in this Agreement shall have the meaning set
                forth in the Escrow Agreement;

        10.10   The preamble hereof shall be deemed to form part of this
                Agreement for all purposes;

        10.11   Laser Lock agrees to proceed in good faith, at its own cost, to
                develop new laser lights which will better facilitate use in the
                casinos, e.g., hands-free fixed base lights which will
                automatically turn on when a chip is waved in front of the light

        10.12   The parties to this Agreement acknowledge that prior to the
                execution of this Agreement approximately 150,000 casino chips
                using the LL Technology have already been ordered (with an
                anticipated delivery date in late October 2001); therefore, the
                parties agree that every term and condition of this Agreement
                will be applied to said casino chips.

11.    SUPPLY OF PIGMENTS

        11.01   LICENSOR agrees that it will timely supply LICENSEE with pigment
                proprietary to LICENSOR in accordance with the terms and
                conditions of clause 3.01 hereof. The obligation to supply such
                pigments shall apply only for that quantity of pigment that is
                ordered, by a purchase order emanating from the LICENSEE and
                which is received by LICENSOR at least fourteen (14) days prior
                to the requested delivery date;

        11.02   LICENSOR further agrees that upon request by LICENSEE it will
                provide statements justifying its most favorable selling price
                for the pigments;

12.    GOVERNING LAW.

        12.01   This Agreement shall be governed by the laws of the State of
                Nevada. Any action in equity seeking to enforce or interpret
                this Agreement shall only be brought in a state or federal court
                serving Clark County, Nevada, and both parties hereby consent to
                personal jurisdiction and venue in Clark County, Nevada;

13.    BINDING EFFECT ASSIGNMENT

        13.01   This Agreement may not be assigned or otherwise transferred by
                either party, in whole or in part, whether voluntarily or by
                operation of law, without the written consent of the other
                party, which consent shall not be unreasonably withheld, except
                that the LICENSEE or the LICENSOR may assign this Agreement to
                an Affiliate without consent;

14.    ARBITRATION
        14.01   In the event of any dispute, difference or question arising
                between the parties in connection with this Agreement, or any
                clause or the construction thereof, or the rights, duties or
                liabilities of either party, which cannot be amicably resolved
                by the parties then and in every such case, unless the parties
                concur in the appointment of a single arbitrator, the matter of
                difference shall be referred to three (3) arbitrators, one to be
                appointed by each party, and the third to be nominated by the
                two so selected by the parties, or if they cannot agree on a
                third, by the Las Vegas, NV office of the American Arbitration
                Association ("AAA")

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        14.02   In the event that either party, within thirty (30) days of any
                notification made to it of the demand for arbitration by the
                other party, shall not have appointed its arbitrator, such
                arbitrator shall be appointed by the AAA. Arbitration shall take
                place at the AAA's Las Vegas, NV office (or closest office
                thereto) under the AAA's Commercial Rules. The arbitrators must
                base their decision on this Agreement and their decision shall
                be binding on both parties and may he enforced by any court of
                competent jurisdiction;

15.    ATTORNEY'S FEES

        15.01   If any proceeding is instituted to enforce or construe the terms
                of this Agreement, the prevailing party shall be entitled to an
                award of reasonable attorney's fees and costs.

        IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
        executed by their respective representatives thereunto duly authorized
        as of the date first hereinabove written.



        THE BUD JONES COMPANY, INC,

        /s/ [graphic of signature]
        --------------------
        By: Gerard P. Charlier
        Its: President/CEO



        BOURGOGNE ET GRASSET

        /s/ [graphic of signature]

        --------------------
        By: Gerard P. Charlier
        Its: President/CEO



        LASERLOCK TECHNOLOGIES, INC.

        /s/ [graphic of signature]
        --------------------
        By: Norman Garner
        Its: President



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