**EXHIBIT 4.7**

                                                                                                                                                                                                                                     

 

DATED                                  2007

| **MEDIA CORPORATION PLC AND XWORKS (UK)                            LIMITED**

as Sellers

                             

**GAMING PORTALS LIMITED**

as Buyer

                             

**JASON DRUMMOND AND JUSTIN DRUMMOND**

as Covenantors           |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **ASSET PURCHASE AGREEMENT**

                             

for the purchase of certain assets and undertakings of                            Media Corporation plc and certain of                            its subsidiaries

                              |

 

 

 

 

 

 

 

Berwin Leighton Paisner LLP

Adelaide House London Bridge London EC4R 9HA

tel            +44 (0)20 7760 1000 fax +44 (0)20 7760 1111

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> 
**Contents**

 

| **Clause**   | **Name**                                                                       | **Page** |
|--------------|--------------------------------------------------------------------------------|----------|
| 1            | Definitions and                        interpretation                          |  1  |
| 2            | Sale of business and                        assets                             |  6  |
| 3            | Excluded                        Assets                                         |  7  |
| 4            | Consideration                                                                  |  7  |
| 5            | Additional                        consideration                                |  8  |
| 6            | *[INTENTIONALLY LEFT                        BLANK]*                            |  8  |
| 7            | Conduct of Earn-Out                        Business during the Earn-Out Period |  8  |
| 8            | Completion                                                                     |  8  |
| 9            | Business                        Contract                                       |  9  |
| 10           | Customer                        Deposits                                       | 12       |
| 11           | The                        Regulations                                         | 13       |
| 12           | Indemnity                                                                      | 13       |
| 13           | Liabilities                                                                    | 14       |
| 14           | Apportionments                                                                 | 14       |
| 15           | Warranties and                        indemnities                              | 15       |
| 16           | Seller                        Indemnity                                        | 16       |
| 17           | Buyer                        Warranties                                        | 16       |
| 18           | Assignment and                        succession                               | 17       |
| 19           | Post-completion                        provisions                              | 17       |
| 20           | VAT                                                                            | 20       |
| 21           | Announcements                                                                  | 20       |
| 22           | Information and further                        assurance                       | 20       |
| 23           | Rights and remedies of                        the Buyer                        | 21       |
| 24           | Waiver                                                                         | 21       |
| 25           | No merger                                                                      | 21       |
| 26           | Cumulative                        rights                                       | 21       |
| 27           | Contracts (Rights of                        Third Parties) Act 1999            | 22       |
| 28           | Costs                                                                          | 22       |
| 29           | Set-off, withholding tax                        and grossing-up                | 22       |
| 30           | Invalidity                                                                     | 22       |
| 31           | Counterparts                                                                   | 23       |
| 32           | Communciations                                                                 | 23       |
| 33           | Entire                        agreement                                        | 24       |
| 34           | Proper law                                                                     | 24       |
|              |                                                                                |          |
| **Schedule** | **Name**                                                                       | **Page** |

| 1 | Schedule 1 | 25 |
|---|------------|----|

| 1 | Part 1 The Business | 25 |
|---|---------------------|----|

| 2 | Schedule 2 | 26 |
|---|------------|----|

| 3 | Warranties | 27 |
|---|------------|----|

| 4 | Seller protection provisions | 33 |
|---|------------------------------|----|

| 5 | Conduct of Earn-Out Business during the Earn-Out                            Period | 37 |
|---|------------------------------------------------------------------------------------|----|

| 6 | Determination of the Average Monthly Revenue | 39 |
|---|----------------------------------------------|----|

| 7 | Transitional Services for Casino.co.uk | 42 |
|---|----------------------------------------|----|

| 8 | Portal Management Software | 44 |
|---|----------------------------|----|
|   |                            |    |
|   |                            |    |

             

| **Execution Page** | 49 |
|--------------------|----|

----

 

**DATED                                                     2007**

**PARTIES**

| (1) | **MEDIA CORPORATION PLC**, a                            company incorporated in England with registered number 04058698 whose                            registered office is at 77 Queen Victoria Street, London, EC4V 4AY                            (“**Media                            Corp**”); |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | **XWORKS (UK) LIMITED**, a                            company incorporated in England with registered number 03836178 whose                            registered office is at 77 Queen Victoria Street, London, EC4V 4AY                            (“**XWorks**”); |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | **GAMING PORTALS LIMITED**, a                            company incorporated in the Republic of Ireland with registered number                            444178 whose registered office is at Arthur Cox Building, Earlsfort                            Terrace, Dublin 2, Ireland (the                            “**Buyer**”); |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | **JASON DRUMMOND**of 17 Queens                            Gate, Place Mews, London SW7 5BG; and |
|-----|-------------------------------------------------------------------------------------------------|

| (5) | **JUSTIN DRUMMOND**of Half                            House, 1A Moore Street, London SW3 2QN. |
|-----|-----------------------------------------------------------------------------------------------|

**OPERATIVE PROVISIONS**

| 1 | **DEFINITIONS AND INTERPRETATION** |
|---|------------------------------------|

| 1.1 | In this Agreement: |
|-----|--------------------|

|   | “**Accounts                            Date**” means 1 January 2007. |
|--------|----------------------------------------------------------------------------------|

“**Additional            Consideration**” means the sum of £625,000 being            the further consideration which may fall to be payable to Media Corp in accordance with            Clause 5.

“**Agreed            Form**” means a form agreed between the parties, a copy            of which has been initialled for the purpose of identification by or on behalf of the            parties.

“**Associate**” means:

|   | (a) | (in relation to an individual): |
|--------|-----|---------------------------------|

|   | (i) | a relative that is that individual’s issue,                            step-child, spouse, civil partner, brother, sister or parent;                            and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | a company which is, or may be, controlled (within the                            meaning given in section 840 Income and Corporation Taxes Act                            1998) by that individual or a relative (as defined in (i) above) of                            that individual, or by two or more of them; and |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | (in relation to a company) a Subsidiary Undertaking or                            Parent Undertaking of that company, and another Subsidiary Undertaking                            of any Parent Undertaking of the company. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

“**Assets**”            means the assets to be purchased by the Buyer from the Sellers and described in            Clause 2.2 but excluding the Excluded Assets.

“**Assumed            Liabilities**” as defined in            Clause 13.2.

1

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“**Average Monthly            Revenue**” means the average monthly revenue of the            Business (which shall include, for the avoidance of doubt, the revenues achieved from            the Domain Names and the Business Contract) determined in accordance with Schedule            6 (*Determination of the Average Monthly            Revenue*) paragraph 1(c).

“**Business**”            means the business described in Schedule 1 (*The            Business*) carried on by the Sellers.

“**Business            Contract**” means the contracts of the Sellers or any of            their Associates at the Transfer Date in relation to the Business as listed in Schedule            2 (*Business            Contract*).

“**Business            Day**” means a day (other than a Saturday or Sunday) on            which the clearing banks in the City of London are open for business.

“**Business Intellectual Property            Rights**” means the Intellectual Property Rights used in            or in connection with the Business.

“**Business            Records**” means all books and records including, without            limitation all documents and other material (including all forms of computer or machine            readable material) containing information, know-how, techniques, formulae, designs,            specifications, drawings, data, manuals and instructions, customer and supplier lists,            credit information, catalogues, price lists, sales, marketing and promotional            information, mailing lists, business plans and forecasts and stock records relating to            the Business but excluding the Retained Business Records.

“**Buyer’s            Accountants**” means BDO Stoy Hayward LLP, Prospect            Place, 85 Great North Road, Hatfield, Hertfordshire AL9 5BS.

“**Buyer’s            Group**” means the Buyer, and the Subsidiary Undertakings            of its Parent Undertaking.

“**Buyer’s            Solicitors**” means Berwin Leighton Paisner LLP, Adelaide            House, London Bridge, London EC4R 9HA.

“**CA1985**”            means Companies Act 1985.

“**Companies            Acts**” means the company law provisions of the CA1985,            the Companies Consolidation (Consequential Provisions) Act 1985 and the Companies Act            1989 in so far as the same are in force from time to time.

“**Completion**”            means completion of the sale and purchase of the Assets in accordance with            Clause 8.

“**Consideration**”            means as defined in Clause 4.1.

“**Customers**”            means the customers of the Business who make prepayments to the Sellers in respect of            the Portals Business.

“**Customer            Deposits**” means the balance of the funds held by the            Sellers at Completion in connection with the prepayments of advertising revenue for the            Portals Business.

“**Database**” means the database of (i) depositors and non-depositors in            respect of the Business; and (ii) registered users on the casino.co.uk            portal.

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“**Debts**”            means all book debts owing at the Transfer Date to the Sellers in connection with the            carrying on of the Business (whether or not invoiced and whether or not due and payable            on such date).

“**Disclosed            Accounts**” means the accounts and other financial            information appended to this Agreement and initialled by each of the Sellers and the            Buyer.

“**Disclosure            Letter**” means the disclosure letter dated with the same            date as this Agreement from the Sellers to the Buyer relating to the Warranties in the            Agreed Form.

“**Domain            Names**” means the domain names casino.co.uk,            findpoker.com, findpoker.eu, got2bet.com, got2bet.co.uk, casino.ie and            skillgaming.co.uk.

“**Earn-Out            Accounts**” means the accounts of the Earn-Out Business            prepared in accordance with the provisions of Schedule            6 (*Determination of the Average**Monthly Revenue*) paragraph 1(b) for            the purpose of showing the Average Monthly Revenue for the Earn Out            Business.

“**Earn-Out            Business**” means the Business as carried on during the            Earn-Out Period.

“**Earn-Out            Period**” means the six month period starting on the date            of Completion.

“**Employee**”            means any person employed by the Sellers, the Media Corp Group or any of its or their            subcontractors or agents including without limitation any employee of Eyeconomy Limited            or Xworks (UK) Limited and engaged or assigned to the Business or, as appropriate, in            the provision of the Services.

“**Encumbrance**”            includes a mortgage, charge, pledge, lien, rent charge or other security interest of            any description or nature and any interest or legal or equitable right or claim of any            third party or any option or right of pre-emption or right of conversion or right of            set off, any retention of title or hypothecation and any agreement to create any of the            foregoing.

“**Excluded            Assets**” means those assets listed in            Clause 3.1.

“**Excluded            Liabilities**” as defined in Clause 13.2.

“**Goodwill**”            means the goodwill of the Sellers associated with carrying on the Business, together            with the exclusive right for the Buyer to represent itself as carrying on the Business            in succession to the Sellers and together with the exclusive right to use the names            “casino.co.uk”, “findpoker.com”,            “findpoker.eu”,”got2bet.com”, “got2bet.co.uk”,            “casino.ie” and “skillgaming.co.uk”.

“**HMRC**”            means Her Majesty’s Revenue & Customs (which shall include its predecessors,            the Inland Revenue and HM Customs and Excise).

“**Intellectual Property            Rights**” means all copyright and rights in the nature of            copyright, database rights, design rights, patents, trade marks (including all goodwill            in them) and domain names, registrations and applications for registration of any of            the above, moral rights, know-how, confidential information, and any other intellectual            or industrial property rights, whether now known or in the future arising, and whether            subsisting in the United Kingdom or any other part of the world.

3

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“**London Stock            Exchange**” means London Stock Exchange            plc.

“**Marketing Affiliate            Agreement**” means the agreement in the Agreed Form            between Media Corp and the Buyer in relation to the feeding of search data from            www.gambling.com to websites operated by the Buyer.

“**Media Corp****Group**” means Media Corp and its            Subsidiary Undertakings (including, for the avoidance of doubt, Search Focus and            XWorks).

“**Month**”            means a calendar month.

“**Novation            Agreement**” means the novation agreement in the Agreed            Form pursuant to which the Business Contract will be novated to the Buyer.

“**Parent            Undertaking**” and            “**Subsidiary Undertaking**”            as defined in section 258 CA1985.

“**Portals            Business**” has the meaning given in Schedule            1.

“**Portal Management            Software**” the software system providing the            functionality set out in Schedule 8.

“**Regulations**”            means the Transfer of Undertakings (Protection of Employment) Regulations            2006.

“**Relief**”            includes any relief, allowance, credit, debit, charge, expense, exemption, set-off or            deduction in computing, reducing or eliminating Tax or against profits, income or gains            of any description or from any source, or credit against or repayment or right to            repayment of Tax.

“**Retained Business            Records**” means all accounting and taxation records of            or relating to the Business and such of the records of or relating to the Business as            relate both to the Business and to any other activities of the Sellers insofar as it is            not possible to separate the records relating to the Business from the records relating            to such other activities.

“**Sellers**”            means Media Corp and XWorks, all of them, any of them and each of them, as the context            may permit.

“**Sellers’            Solicitors**” means Bond Pearce LLP, Darwin House,            Southernhay Gardens, Exeter, Devon, EX1 1LA.

“**Services**” meansthe services to be provided by the Sellers or any of their            subcontractors or agents to the Buyer after Completion pursuant to Clauses 19.5 and            19.6.

“**Settlement            Date”**means _____________, 2007.

“**Tax**”or“**Taxation**”            includes all present and future forms of tax, duties, imposts, contributions,            withholdings, deductions, charges, levies and sums payable on account of the foregoing            whatsoever and whenever imposed, charged or demanded by a Tax Authority in the nature            of tax (including without limitation any amount payable as a result of counteraction,            adjustment or set off by a Tax Authority in relation to any liability to tax, interest            on unpaid tax, repayment of tax or interest or repayment supplement in respect of a            repayment of tax), and all amounts recoverable by a Tax Authority as if they were tax            (or by any other person by virtue of any entitlement arising by operation of law) and            shall be

4

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deemed to include the cost of removing any charge over assets imposed by            any Tax Authority and in each case all charges, interest, fines, penalties and            surcharges arising from or incidental, or relating, to the same.

“**Tax            Authority**” means HMRC and any other governmental,            state, federal or other fiscal, revenue, customs or excise authority, department,            agency, body or office whether in the United Kingdom or elsewhere in the world having            authority or jurisdiction for any Tax purpose.

“**Termination            Date**” means the date upon which the Sellers or any of            their subcontractors or agents cease to provide all or any part of the            Services.

“**Transfer            Date**” means close of business on ____________,            2007.

“**UK Listing            Authority**” means the Financial Services Authority            acting in its capacity as the competent authority for listing pursuant to Part VI of            the Financial Services and Markets Act 2000.

“**VAT**”            means value added tax.

“**VATA**”            means Value Added Tax Act 1994.

“**VAT            Regulations**” means Value Added Tax Regulations 1995 (SI            1995/2518).

“**Warranties**”            means the warranties of the Sellers contained in Schedule            3 (*Warranties* ) of this            Agreement.

“**White Label            Business**” as defined in Schedule 1.

| 1.2 | A reference to a statutory provision includes a                            reference to: |
|-----|------------------------------------------------------------------------------------------|

|   | (a) | a statutory amendment, consolidation or re-enactment                            (whether before or after the date of this Agreement) except to the                            extent that the amendment, consolidation or re-enactment coming into                            force after the date of this Agreement would increase or extend the                            liability of one party to this Agreement to another party; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | statutory instruments or subordinate legislation (as                            defined in section 21(1), Interpretation Act 1978) or orders made under                            the statutory provision (whether made before or after the date of this                            Agreement); and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | statutory provisions of which the statutory provision is                            an amendment, consolidation or re-enactment, |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------|

but does not include a substituted provision.

| 1.3 | References to a statutory provision or to a legal or                            accounting principle applying under English law shall, where the                            context requires, be treated as including references to the nearest                            corresponding provision or principle in the local jurisdiction and                            references to a governmental, local governmental or administrative                            authority or agency in the United Kingdom shall be treated as including                            references to the nearest equivalent governmental, local governmental                            or administrative authority or agency in that jurisdiction. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.4 | Reference to: |
|-----|---------------|

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|   | (a) | a person includes a legal or natural person,                            partnership, trust, company, government or local authority department                            or other body (whether corporate or unincorporate); |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | a statutory or regulatory body shall include its                            successors and any substituted body; |
|--------|-----|------------------------------------------------------------------------------------------------------------------|

|   | (c) | an individual includes, where appropriate, his personal                            representatives; |
|--------|-----|-----------------------------------------------------------------------------------------------------|

|   | (d) | the singular includes the plural and vice versa;                            and |
|--------|-----|---------------------------------------------------------------------------------|

|   | (e) | one gender includes all genders. |
|--------|-----|----------------------------------|

| 1.5 | Unless otherwise stated, a reference to a Clause,                            Sub-clause or Schedule is a reference to a Clause or Sub-clause of, or                            Schedule to, this Agreement and a reference to this Agreement includes                            its Schedules. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.6 | Clause headings in this Agreement and in the Schedules                            are for ease of reference only and do not affect its                            construction. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.7 | In construing this Agreement the so-called*ejusdem generis*rule does                            not apply and accordingly the interpretation of general words shall not                            be restricted by words indicating a particular class or particular                            examples. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.8 | Unless expressly provided otherwise, the obligations                            entered into in this Agreement by the Sellers are entered into jointly                            and severally. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.9 | The Buyer may wholly or partly release or compromise, or                            grant time or other indulgence in respect of, the liability of any of                            the Sellers without affecting its rights against any other of the                            Sellers or any other person. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | **SALE OF BUSINESS AND ASSETS** |
|---|---------------------------------|

| 2.1 | The Sellers agree to sell with full title guarantee free                            from any Encumbrances and the Buyer agrees to purchase as at the                            Transfer Date the Business comprising the Assets with all attached or                            accrued rights as at the Transfer Date. Each of the Sellers and the                            Buyer believe that the transfer of the Business constitutes a supply                            for VAT purposes within Schedule 5 VATA. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.2 | The Assets shall comprise all of the assets used in the                            Business (save for those assets fairly disclosed in the Disclosure                            Letter against Warranty 6(d)) and shall include the following assets                            (except insofar as they are included in the Excluded                            Assets): |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | all rights, title and interest in, and to, (i) the trade                            names and brands “casino.co.uk”,                            “findpoker.com”, “findpoker.eu”,                            “got2bet.com”, “got2bet.co.uk”,                            “casino.ie” and “skillgaming.co.uk” (ii) the                            Domain Names, |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | and all                            Intellectual Property Rights related thereto; |
|--------|----------------------------------------------------------------------------------|

|   | (b) | all rights, title and interest in all software                            associated with the Domain Names (which shall include the Portals                            Management Software) and all Intellectual Property Rights subsisting in                            relation thereto; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | the Business Records and all Intellectual Property                            Rights subsisting therein; |
|--------|-----|----------------------------------------------------------------------------------------------------------|

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|   | (d) | all rights, title and interest in and to the                            Database; |
|--------|-----|-----------------------------------------------------------------------------------|

|   | (e) | all right, title and interest of the Sellers in and to                            the Business Contract and the benefit of all contracts (written or                            oral) with customers associated with the purchase of advertising space                            relating to the Portals Business; and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (f) | the Goodwill. |
|--------|-----|---------------|

| 2.3 | Risk in and title to the Assets shall pass to the Buyer                            on Completion in accordance with Clause 8.2 save as otherwise                            provided in this Agreement. As regards any of the Assets title to which                            is capable of passing by delivery, title to such Assets shall pass by                            delivery in accordance with Clause 8.2. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.4 | If any materials including promotional material bearing                            any name or mark of the Sellers or any other person are sold to the                            Buyer under this Agreement the Buyer is authorised by the Sellers to                            use that material until such material is exhausted. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3 | **EXCLUDED ASSETS** |
|---|---------------------|

| 3.1 | There shall be expressly excluded and excepted from the                            sale and purchase of the Business and nothing in this Agreement shall                            operate to transfer: |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | any cash in hand or at bank (whether on current or on                            deposit account) or bills receivable relating to the Business,                            including uncleared cheques held at the Transfer Date but excluding the                            Customer Deposits; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | the Debts; |
|--------|-----|------------|

|   | (c) | the agreement between Gaming Corporation NV and Virtue                            Fusion relating to the Betsure White Label; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | the agreement dated 11 February 2005 between Media                            Corporation Plc (formerly Gaming Corporation Plc) and Game Account                            Global Limited relating to the white-labelled provision of skill-games;                            and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | any amount recoverable in respect of Tax which relates                            to the carrying on of the Business prior to the Transfer                            Date. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4 | **CONSIDERATION** |
|---|-------------------|

| 4.1 | The consideration payable for the Assets shall be the                            sum of the amounts set out in this Clause 4.1, which shall be paid or                            satisfied as follows: |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | as to the sum of £2,980,000, by the payment in                            cash of such amount at Completion (the                            “**Initial                            Consideration**”) of which £1 of                            the Initial Consideration is being allocated to the Assets specified in                            Clause 2.2(e); and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | the Additional Consideration (if any) subject to the                            terms of, and in accordance with, Clause 5. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------|

| 4.2 | The Initial Consideration shall be                            apportioned: |
|-----|----------------------------------------------------------------------------|

|   | (a) | as to £234,718, to Media Corp; and |
|--------|-----|------------------------------------------|

|   | (b) | as to the balance, to XWorks. |
|--------|-----|-------------------------------|

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| 4.3 | Notwithstanding that the Initial Consideration is                            apportioned between the Sellers as provided by Clause 4.2, it is                            nevertheless agreed between the Sellers and the Buyer that the                            Consideration is a single price and that, in the event of there being                            any breach of the Warranties, the compensation payable to the Buyer                            shall not be limited on account of the value attributed to any                            individual Seller. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5 | **ADDITIONAL CONSIDERATION** |
|---|------------------------------|

| 5.1 | The Buyer shall pay the Additional Consideration in cash                            to Media Corp by way of additional consideration for the Assets subject                            to and in accordance with the remaining provisions of this Clause                            5. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.2 | The Additional Consideration shall become payable in the                            event that the Average Monthly Revenue during the Earn-Out Period                            equals or exceeds £60,000. For the avoidance of doubt, the                            aggregate Average Monthly Revenue achieved during the course of the                            Earn-Out Period must equal or exceed £360,000 for the Additional                            Consideration to become payable. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.3 | The Additional Consideration shall be paid within 15                            Business Days after the Average Monthly Revenue for the Earn-Out Period                            has been agreed or determined. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.4 | The provisions of Schedule                            6 (*Determination of the                            Average**Monthly                            Revenue* *)                            apply to determine the Additional Consideration.* |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6 | *[INTENTIONALLY LEFT BLANK]* |
|---|------------------------------|

| 7 | **CONDUCT OF EARN-OUT BUSINESS DURING THE EARN-OUT                            PERIOD** |
|---|----------------------------------------------------------------------------------------|

The provisions of Schedule 5 (*Conduct of            Earn-Out Business during the Earn-Out Period* ) apply            during the Earn-Out Period. 

| 8 | **COMPLETION** |
|---|----------------|

| 8.1 | Completion shall take place at the offices of the                            Buyer’s Solicitors immediately following the signing of this                            Agreement. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.2 | At Completion, the Sellers shall deliver or procure the                            delivery to the Buyer or the Buyer’s Solicitors of the                            following: |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | duly executed Novation Agreement (executed by the                            original parties to the underlying agreements) and such original                            documents as are in the possession or under the control of the                            Sellers; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | the Disclosure Letter executed by the                            Sellers; |
|--------|-----|---------------------------------------------------------------------------|

|   | (c) | assignments of the Domain Names in the Agreed                            Form; |
|--------|-----|--------------------------------------------------------------------------------|

|   | (d) | a list of the Customer Deposits as at one day prior to                            Completion; |
|--------|-----|-----------------------------------------------------------------------------------------------|

|   | (e) | a copy of the Database as at one day prior to                            Completion; |
|--------|-----|--------------------------------------------------------------------------------------|

|   | (f) | a copy of the software referred to in Clause 2.2(b)                            (which shall include the Portals Management Software) in the agreed                            form of recordable media; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (g) | the Marketing Affiliate Agreement executed by Media                            Corp; |
|--------|-----|--------------------------------------------------------------------------------------|

|   | (h) | the Business Records; |
|--------|-----|-----------------------|

8

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|   | (i) | evidence satisfactory to the Buyer, acting reasonably,                            that, in respect of the Business, the Sellers have terminated all                            arrangements with advertisers and agreements with any third party                            engaged in any online gambling business that accepts wagers from,                            and/or allowing access to, residents of the United States of America;                            and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

all other property agreed to be sold pursuant to this Agreement which is            capable of transfer by delivery and insofar as the Buyer agrees that it is not            practical for such assets to be physically delivered at Completion they shall be made            available for collection by or on behalf of the Buyer at the location at which they are            stored, used or situated and such assets shall be deemed to be delivered and the            Sellers shall do such other things as the Buyer may reasonably require to enable the            Buyer to take possession or control of them.

| 8.3 | The Sellers shall execute and deliver to the Buyer (or                            shall procure the execution and delivery to the Buyer of) such deeds                            and other documents as shall be necessary or appropriate to complete                            the sale and purchase of the Assets and to enable the Buyer to acquire                            a good title free from Encumbrances. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.4 | Upon completion of the matters referred to in Clause                            8.2, the Buyer shall pay by means of electronic funds transfer to the                            account of the Seller’s Solicitors with Lloyds Bank Plc, 8 Royal                            Parade, Plymouth, PL1 1HB Sort Code 30-96-68 and account number                            01364135 the sum of £3,010,000 (being the Consideration due on                            Completion together with the sums due under Clause 19.7) but less the                            amount attributable to the Customer Deposits notified to the Buyer in                            accordance with Clause 8.2(d). |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.5 | The Buyer shall not be obliged to complete the purchase                            of any of the Assets (including the Goodwill) unless the purchase of                            all the Assets is completed in accordance with this                            Agreement. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.6 | The Buyer may waive the requirements contained in Clause                            8.2 either unconditionally or subject to the condition that the Sellers                            give, on Completion, a written indemnity or undertaking to the Buyer in                            such form as the Buyer requires. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.7 | If Completion takes place but certain Assets are not                            delivered or transferred to the Buyer due to the absence of any                            required licence or consent from a third party such Assets shall be                            held by the Sellers on trust for the Buyer absolutely as from                            Completion and shall be delivered or transferred to the Buyer as soon                            as the requisite licence or consent is obtained. The Sellers will use                            their reasonable endeavours to ensure that any such licence or consent                            is granted as soon as possible after Completion on terms reasonably                            acceptable to the Buyer. Pending the delivery or transfer of any such                            Assets to the Buyer the Sellers shall take all such steps to preserve                            the same and to preserve and enforce their rights relating to any of                            such Assets as the Buyer shall reasonably require and the Sellers shall                            promptly deliver to the Buyer any communication received by them                            concerning any of such Assets. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9 | **BUSINESS CONTRACT** |
|---|-----------------------|

| 9.1 | Subject to Clause 9.2 and to the provisions of the                            Novation Agreement, the Buyer will perform and discharge all                            outstanding obligations and liabilities of the Sellers under the                            Business Contract arising on or after the Transfer Date and will                            indemnify the Sellers on an after tax basis against all actions,                            proceedings, losses, costs, expenses, damages, claims and demands and                            all other liabilities whatsoever (including without limitation, all                            losses, liabilities and reasonable and proper costs incurred as a                            result of defending or settling any claim alleging such                            liability) |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

9

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|   | suffered or incurred by the Sellers on or after the                            Transfer Date by reason of or arising out of the Business                            Contract. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.2 | The Buyer’s obligations under Clause 9.1                            (including those to indemnify the Sellers) do not apply to any claims                            or liabilities that arise from the Sellers’ failure to comply                            with or fulfil its obligations under the Business Contract before the                            Transfer Date or which are otherwise referable to the period before the                            Transfer Date or which are subject to the indemnity given by the                            Sellers in favour of the Buyer in Clause 16. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.3 | Subject to Clause 9.4 with effect from the Transfer                            Date the Buyer shall become entitled to all of the rights and benefits                            of the Sellers under the Business Contract. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.4 | Insofar as the benefit of the Business Contract cannot                            be assigned to the Buyer except with the consent of one or more third                            parties or by novation (including pursuant to the terms of a Novation                            Agreement) the following provisions shall apply: |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | the Sellers shall be responsible (at their own expense)                            for obtaining and shall use its reasonable endeavours with the                            co-operation of the Buyer to obtain such consent or novation as                            aforesaid and shall notify the Buyer as soon as any such consent or                            novation is obtained or refused or is the subject of any other                            communication from the relevant third party; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | unless and until such Business Contract shall be                            assigned or novated the Sellers will hold the benefit on trust for the                            Buyer and will give all reasonable assistance after Completion to the                            Buyer to enable the Buyer to enforce the rights of the Sellers under                            such Business Contract and the Buyer shall (subject to                            Clause 9.4(e)), perform the obligations of the Sellers under such                            Business Contract; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | as soon as practicable after all necessary third party                            consents have been obtained, the Sellers shall execute an assignment                            or, where requested by the Buyer, a novation agreement, in terms                            reasonably required by the Buyer, in respect of such Business Contract                            and shall deliver the same to the Buyer; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | if any requisite consent is refused or not obtained                            within 30 days (or such longer period as the Buyer may specify) after                            Completion then (as the Buyer may elect) either: |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | the Sellers shall continue to hold the benefit of the                            Business Contract concerned in trust for the Buyer absolutely and pay                            over any benefit derived from such Business Contract promptly to the                            Buyer with effect from Completion until the benefit of such Business                            Contract is assigned to the Buyer or is the subject of a novation in                            favour of the Buyer but subject to the Buyer performing (subject to                            Clause 9.4(e), on behalf of the Sellers all the obligations of the                            Sellers under such Business Contract; or |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | the Sellers will use their reasonable endeavours to                            procure the cancellation of the relevant Business Contract so that the                            Buyer is able to enter into new arrangements with the relevant party or                            parties; |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | nothing in this Agreement shall: |
|--------|-----|----------------------------------|

10

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|   | (i) | require the Buyer to perform any obligations or                            discharge any liabilities created by or arising under the Business                            Contract insofar as such obligations or liabilities fall due to be                            performed before Completion; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | make the Buyer liable for any act, neglect, default or                            omission in respect of the Business Contract committed by the Sellers                            or occurring before Completion; |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | make the Buyer liable for any claim, expense, loss or                            damage arising from any failure to obtain any third party consent to                            this Agreement or from any breach of the Business Contract caused by                            the execution, completion or performance of this Agreement;                            or |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | impose any obligation on the Buyer for or in respect of                            any product produced or sold by the Sellers or any service performed by                            the Sellers before Completion. |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.5 | Following Completion the Buyer may serve notice on the                            Sellers at any time after any relevant third party consent or agreement                            to novate is obtained requiring the Sellers to execute an assignment or                            a novation (in terms reasonably required by the Buyer) of the Business                            Contract to or in favour of the Buyer, and the Sellers will arrange for                            the execution of such assignment or novation and its delivery to the                            Buyer not later than five Business Days after the receipt either of                            such notice or of the engrossment of such assignment or novation by the                            Sellers (or the Seller’s Solicitors) whichever is the                            later. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.6 | The Sellers shall indemnify the Buyer on an after tax                            basis against all actions, proceedings, losses, costs, expenses,                            damages, claims and demands and all other liabilities whatsoever                            (including, without limitation, all losses, liabilities and reasonable                            and proper costs incurred as a result of defending or settling any                            claim alleging any such liability) suffered or incurred by the Buyer by                            reason of or arising out of any of the matters listed in                            Clause 9.4(d). |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.7 | With effect from Completion, the Sellers undertake to                            the Buyer to remit to it, on a monthly basis, an amount equal to the                            revenue received by the Sellers and attributable to the agreement                            between Gaming Corporation N.V. and Virtue Fusion NC relating to the                            “Betsure” white label (the                            “**Virtue Fusion                            Revenue**”). The Virtue Fusion Revenue                            shall, in accordance with the provisions of Clauses 9.8, 9.11 and                            Schedule 6, contribute towards the Earn-Out Business for the purposes                            of calculating the Average Monthly Revenue for so long as the Virtue                            Fusion Revenue is remitted to the Buyer. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.8 | Following Completion, the Buyer may serve notice (the                            “**Virtue Fusion                            Notice**”) on the Sellers at any time                            (provided that at the time of the Buyer serving the Virtue Fusion                            Notice on the Sellers, the Buyer shall have put in place an                            Intercasino, Parbet or PlayboyGaming flash casino link on                            www.casino.co.uk), following which the Sellers shall, on the third                            Business Day following receipt of such notice, cease to remit the                            Virtue Fusion Revenue to the Buyer (the                            “**Virtue Fusion Termination                            Date**”). In the event of the service of                            the Virtue Fusion Notice, the Virtue Fusion Revenue received over the                            number of days since the last amount was remitted to the Buyer shall                            become payable to the Buyer. If during the Earn-Out Period the Buyer                            withdraws the Intercasino, Parbet or PlayboyGaming flash casino link on                            www.casino.co.uk and does not replace such a link with any other                            similar link, the Sellers will remit the Virtue Fusion Revenue                            for |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

11

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|   | the period of the Earn-Out Period then outstanding on                            the bases set out in Clause 9.7 above. |
|--------|-------------------------------------------------------------------------------------------------------------------------|

| 9.9 | With effect from Completion, the Sellers undertake to                            the Buyer to remit to it, on a monthly basis, an amount equal to the                            revenue received by the Sellers and attributable to the agreement dated                            11 February 2005 between Media Corporation Plc (formerly Gaming                            Corporation Plc) and Game Account Global Limited relating to the                            white-labelled provision of skill-games (the                            “**Game Account                            Revenue**”). The Game Account Revenue                            shall, in accordance with the provisions of Clauses 9.10 and 9.11 and                            Schedule 6, contribute towards the Earn-Out Business for the purposes                            of calculating the Average Monthly Revenue for so long as the Game                            Account Revenue is remitted to the Buyer. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.10 | Following Completion the Buyer may serve notice (the                            “**Game Account                            Notice**”) on the Sellers at any time                            (provided that at the time of the Buyer serving the Game Account                            Notice, the Buyer (or any member of the Buyer’s Group) shall have                            entered into an agreement with Game Account Global Limited (or such                            other member of its group) relating to the white-labelled provision of                            skill games (the “**New Game Account                            Agreement**”), following which the                            Sellers shall, on the third Business Day following receipt of such                            notice, cease to remit the Game Account Revenue to the Buyer (the                            “**Game Account Termination                            Date**”). In the event of the service of                            Game Account Notice, the Game Account Revenue received over the number                            of days since the last amount was remitted to the Buyer shall become                            payable to the Buyer. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.11 | The Buyer shall be entitled to appoint an auditor or                            authorised representative at any time to inspect and/or audit the                            Sellers’ books of account and all supporting and related                            documentation relating to Virtue Fusion Revenue and/or the Game Account                            Revenue, provided such inspection and/or audit takes place with                            reasonable notice during normal business hours. The Sellers shall                            promptly give all information, assistance and access to such books of                            account and all supporting and related documentation which the                            Buyer’s auditor or authorised representative may reasonably                            require. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10 | **CUSTOMER DEPOSITS** |
|----|-----------------------|

| 10.1 | For the avoidance of doubt the parties acknowledge that                            the Customer Deposits are not deemed to be transferred for part of the                            Consideration and are an asset owned, collectively, by the Customers of                            the Sellers and held on trust for them by the Sellers prior to                            Completion and by the Buyer after Completion. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.2 | The Sellers will inform the Buyer at Completion of the                            actual Customer Deposits they then hold. The Buyer will honour the                            actual amount of Customer Deposits held by the Sellers at Completion by                            providing a corresponding amount to the customers as advertising spend.                            For the avoidance of doubt the actual funds held by the Sellers after                            Completion that correspond to the Customer Deposits honoured after                            Completion by the Sellers shall be considered the property of the                            Sellers and no longer held on trust on behalf of such customers. The                            Parties agree that the Consideration shall be reduced by an amount                            equal to the actual Customer Deposits. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.3 | The Sellers undertake to the Buyer (for themselves and                            as trustee for the customers of the Sellers on whose behalf the                            Customer Deposits are held) to indemnify the Buyer on an after tax                            basis and keep it fully indemnified from and against all costs, claims,                            actions, proceedings, losses, damages and expenses suffered or incurred                            by the Buyer (including without limitation, all losses, liabilities and                            reasonable and proper costs incurred as a result of defending or                            settling any |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

12

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|      | claim alleging such liability) in any                            jurisdiction or which may be made or taken against the Buyer, arising                            out of, or in connection with, the amount notified to the Buyer                            pursuant to Clause 10.2 not representing the Customer Deposits held by                            the Sellers at Completion.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.4 | The Buyer undertakes to the Sellers to indemnify the                            Sellers on an after tax basis and keep them fully indemnified from and                            against all costs, claims, actions, proceedings, losses, damages and                            expenses suffered or incurred by the Sellers in any jurisdiction or                            which may be made or taken against the Sellers (including without                            limitation, all losses, liabilities and reasonable and proper costs                            incurred as a result of defending or settling any claim alleging such                            liability), arising out of, or in connection with, the Buyer not                            providing Customers with an amount corresponding to their respective                            Customer Deposits held by the Sellers before Completion. |

| 10.5 | The Buyer shall be entitled to appoint an auditor or                            authorised representative at any time to inspect and/or audit the                            Sellers’ books of account and all supporting and related                            documentation relating to Customer Deposits, provided such inspection                            and/or audit takes place with reasonable notice during normal business                            hours. The Sellers shall promptly give all information, assistance and                            access to such books of account and all supporting and related                            documentation which the Buyer’s auditor or authorised                            representative may reasonably require. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11 | **THE REGULATIONS** |
|----|---------------------|

The parties agree that it is not intended that the contracts of            employment of any Employee will have effect on the Transfer Date or, as appropriate, on            the Termination Date, as if originally made between the Buyer and the Employee pursuant            to the Regulations.

| 12 | **INDEMNITY** |
|----|---------------|

| 12.1 | In the event the Regulations do apply, or are claimed to                            apply, to transfer any contracts, rights, powers, liabilities or the                            employment of any Employee to the Buyer on the Transfer Date or on the                            Termination Date, the Sellers shall indemnify the Buyer on an after tax                            basis against all actions, proceedings, losses, costs, expenses,                            damages, claims and demands and all other liabilities whatsoever                            (including, without limitation, all losses, liabilities and reasonable                            and proper costs incurred as a result of defending or settling any                            claim alleging any such liability) suffered or incurred by the Buyer                            which relate to or arise out of : |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | the employment or termination of employment of any                            Employee; or |
|--------|-----|--------------------------------------------------------------------------------------------|

|   | (b) | the transfer to the Buyer of any liability in connection                            with the termination of employment of any Employee up to and including                            the Transfer Date or, as appropriate, the Termination Date;                            or |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | the transfer to the Buyer of any liability in connection                            with any act or omission in respect of any Employee up to and including                            the Transfer Date or, as appropriate, the Termination Date;                            or |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | a failure by the Sellers, any member of the Media Corp                            Group or any of their subcontractors or agents to comply with its or                            their obligations under Regulation 13 of the Regulations, including but                            not limited to any liability incurred by the Buyer pursuant to                            Regulation 15(9) of the Regulations. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

13

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| 13 | **LIABILITIES** |
|----|-----------------|

| 13.1 | Except as otherwise provided, the Buyer undertakes to                            the Sellers that it will duly and properly perform, assume and pay and                            discharge when due all Assumed Liabilities. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.2 | In this Agreement,                            “**Assumed                            Liabilities**” means: |
|------|-----------------------------------------------------------------------------------------------------------------------|

|   | (a) | subject to Clause 9.4(e) all obligations and                            liabilities of the Sellers under the Business Contract arising after                            Completion; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

but shall in any event exclude the following liabilities            (“**Excluded            Liabilities**”):

|   | (b) | any liabilities of the Sellers incurred otherwise than                            in relation to the Assets; |
|--------|-----|--------------------------------------------------------------------------------------------------------------|

|   | (c) | any liabilities incurred in relation to any of the                            Excluded Assets; |
|--------|-----|------------------------------------------------------------------------------------------------|

|   | (d) | any liabilities or obligations referred to in                            Clause 9.4(e) and any other liabilities or obligations expressly                            stated in this Agreement to be borne by the Sellers or in                            respect of which the Sellers have agreed to indemnify                            the Buyer whether under this Agreement or otherwise; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | tax of any kind in respect of any income, profits or                            gains of the Sellers or for which the Sellers are liable;                            and |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (f) | without prejudice to the generality of the foregoing,                            any other liabilities or obligations incurred in connection with the                            Business and the Business Contract arising before or referable to the                            period prior to Completion. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.3 | Nothing in this Agreement shall be construed as an                            acceptance or assumption by the Buyer of any liability or obligation                            which is not expressly assumed by the Buyer under this                            Agreement. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.4 | The Sellers undertake to the Buyer to indemnify the                            Buyer on an after tax basis and keep it fully indemnified from and                            against the Excluded Liabilities and against all costs, claims,                            actions, proceedings, losses, damages and expenses in respect thereof                            (including without limitation, all losses, liabilities and reasonable                            and proper costs incurred as a result of defending or settling any                            claim alleging such liability). |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.5 | The Buyer shall indemnify the Sellers on an after tax                            basis against all actions, proceedings, losses, costs, damages, claims                            and demands and all other liabilities whatsoever (including without                            limitation, all losses, liabilities and reasonable and proper costs                            incurred as a result of defending or settling any claim alleging any                            such liabilities) in respect of the Assumed Liabilities. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14 | **APPORTIONMENTS** |
|----|--------------------|

| 14.1 | All periodical payments, outgoings, and liabilities                            (excluding the Assumed Liabilities and the Excluded Liabilities) in                            relation to the Assets including but not limited to royalties                            (“**Outgoings**”)                            and all periodical receivables in relation to the Assets                            (“**Receivables**”)                            shall be apportioned on a time basis so that such part of the Outgoings                            and Receivables as is attributable to the period prior to the Transfer                            Date shall be borne by or belong to the Sellers and such part of the                            Outgoings and Receivables as is attributable to the period commencing                            after the Transfer Date shall be borne by or belong to the                            Buyer. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

14

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| 14.2 | Any amount due in respect of such apportionments shall                            be settled by a payment in cash on the Settlement Date. No                            apportionment shall be made in respect of VAT. Media Corp shall prepare                            a statement of apportionments and shall deliver it to the Buyer within                            five Business Days after the Transfer Date. If the Buyer disagrees with                            such statement it shall notify Media Corp within five Business Days of                            the receipt of such statement. Any disagreement regarding the statement                            of apportionments shall be resolved in accordance with                            Clause 14.8. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.3 | If and to the extent that the Sellers receive any                            deposit or advance payment from a customer under a Business Contract                            that is referable to the supply of goods or services by the Business                            after the Transfer Date which does not fall to be dealt with under                            Clause 14.1, the Sellers shall as from Completion hold or receive                            the same (excluding the proportion thereof charged as VAT) as trustee                            for the Buyer, shall record such payment separately in its books and                            shall account to the Buyer for the same on the Settlement                            Date. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.4 | If and to the extent that the Sellers have prior to the                            Transfer Date made any prepayment to a supplier in respect of goods or                            services to be supplied to the Business after the Transfer Date under a                            Business Contract which does not fall to be dealt with under                            Clause 14.1, the Buyer shall reimburse to the Sellers the amount                            thereof (excluding the proportion thereof charged as VAT) on the                            Settlement Date. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.5 | Goods and services supplied by the Sellers before the                            Transfer Date shall be invoiced by the Sellers and VAT payable shall be                            accounted for by the Sellers. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.6 | Goods and services supplied by the Buyer after the                            Transfer Date shall be invoiced by the Buyer and VAT payable shall be                            accounted for by the Buyer. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.7 | The net amount of all amounts due from the Buyer to the                            Sellers or from the Sellers to the Buyer (as the case may be) under                            this Clause shall be paid by the Buyer to Media Corp or by Media Corp                            to the Buyer (as the case may be) on the Settlement Date. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.8 | Media Corp and the Buyer shall together endeavour to                            agree the payments required by this Clause. If Media Corp and the Buyer                            are unable to reach agreement within ten Business Days after                            Completion, the matter shall be referred to an independent chartered                            accountant appointed who shall be instructed to determine the relevant                            amounts, providing Media Corp and the Buyer for this purpose with all                            relevant working papers or copies. The said accountant shall act as                            expert and not as arbitrator and in the absence of manifest error, his                            decision shall be final. His costs shall be borne equally by the                            Sellers and the Buyer. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15 | **WARRANTIES AND INDEMNITIES** |
|----|--------------------------------|

| 15.1 | Subject to the provisions of Clause 15.3 and                            Schedule 4 (Seller protection provisions), the Sellers warrant to                            the Buyer that the statements in Schedule                            3 (*Warranties*)                            are accurate. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.2 | The Sellers warrant to the Buyer that: |
|------|----------------------------------------|

|   | (a) | entering into this Agreement and the completion of the                            transaction contemplated therein will not cause the Sellers to breach                            any contractual obligations to third parties; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

15

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|   | (b) | they have full power and authority to sell the Assets to                            the Buyer on the terms set out in this Agreement and without the                            consent of a third party; and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | the contents of Schedule 8 are accurate. |
|--------|-----|------------------------------------------|

| 15.3 | The Warranties are given subject to any matter fairly                            disclosed in the Disclosure Letter. A matter shall be regarded as                            having been fairly disclosed in the Disclosure Letter only to the                            extent that accurate information about that matter is contained in the                            Disclosure Letter in sufficient detail to enable the Buyer properly to                            identify the nature and scope of that matter and to evaluate the                            purpose of the disclosure. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.4 | Each of the Warranties is without prejudice to the other                            Warranties and, except where expressly stated otherwise, no Clause                            governs or limits the extent or application of the other                            Clauses. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.5 | Where any statement refers to the knowledge, belief or                            awareness of the Sellers, or any analogous expression, it shall be                            deemed to include an additional statement that it has been made after                            full and careful enquiry of Justin Drummond, Jason Drummond, Nilesh                            Jagatia and Sara Vincent. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16 | **SELLER INDEMNITY** |
|----|----------------------|

| 16.1 | The Sellers undertake to the Buyer to indemnify the                            Buyer on an after tax basis and keep it fully indemnified from and                            against all costs, claims, actions, proceedings, losses, damages and                            expenses suffered or incurred by the Buyer in any jurisdiction or which                            may be made or taken against the Buyer (including without limitation,                            all losses, liabilities and reasonable and proper costs incurred as a                            result of defending or settling any claim alleging such liability) by                            reference to the periods: |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | before Completion; and |
|--------|-----|------------------------|

|   | (b) | after Completion for the Earn Out Period or, if earlier,                            up until the date on which a full transition of the Business to the                            Buyer in accordance with Clause 19.6 has taken place, |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

in each case, arising out of, or in connection with, the Sellers not            having terminated all arrangements with advertisers and agreements relating to the            Business with any third party engaged in any online gambling business that accepts            wagers from, and/or allows access to, residents of the United States of            America.

| 16.2 | The Sellers shall not be liable to the Buyer under                            Clause 16.1 where the liability or other matter or thing has                            arisen or occurred as a result of an act, omission or                            transaction done, made or carried out by the Sellers or any                            of their respective directors, employees or agents on the decision                            of or at the request of the Buyer or any of its respective                            directors, employees or agents. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17 | **BUYER WARRANTIES** |
|----|----------------------|

| 17.1 | The Buyer warrants to the Sellers as at the date of this                            Agreement that it has full power to enter into and perform its                            obligations pursuant to this Agreement and that this Agreement                            constitutes a binding obligation on the Buyer without the authority of                            a third party. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

16

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| 17.2 | The Buyer warrants to the Sellers that there are no                            circumstances, facts or matters within the actual knowledge of the                            Buyer as at the date of this Agreement which could entitle the Buyer to                            make a claim against the Sellers pursuant to the terms of this                            Agreement, and the Buyer further warrants to the Seller that the Buyer                            is not actively formulating a claim under this Agreement including,                            without limitation, a claim under the Warranties. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 18 | **ASSIGNMENT AND SUCCESSION** |
|----|-------------------------------|

| 18.1 | Save as contemplated in Clauses 18.2, 18.3 and 19.3                            below, none of the parties to this Agreement may assign, novate,                            sub-licence, transfer, sub-contract or otherwise dispose of any of its                            rights or obligations under this agreement without the prior consent of                            the other parties. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 18.2 | Only the Buyer may assign its rights and obligations                            under this agreement to a party in the Buyer’s Group. If                            subsequent to the assignment of this agreement such person ceases to be                            a member of the Buyer’s Group, such member shall immediately                            assign the agreement to any other member of the Buyer’s                            Group. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 18.3 | If the Buyer assigns its rights and obligations in                            accordance with Clause 18.1, the Buyer shall remain liable to the                            Sellers in respect of all its obligations. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 18.4 | This Agreement binds each party’s successors and                            permitted assigns and personal representatives (as the case may                            be). |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 18.5 | Except as expressly provided above, none of the rights                            of the parties under this Agreement may be transferred. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------|

| 19 | **POST-COMPLETION PROVISIONS** |
|----|--------------------------------|

| 19.1 | To assure to the Buyer the full benefits of the business                            and goodwill of the Business, the Sellers and each of Justin Drummond                            and Jason Drummond severally undertake, as separate and independent                            agreements, that they will not, (and the Sellers shall procure that                            each other member of the Media Corp Group, Justin Drummond and Jason                            Drummond shall not), in each case without the Buyer’s prior                            written consent: |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | disclose to another person, or himself or itself use for                            any purpose, information concerning the business, accounts or finances                            of the Business, or the transactions or affairs of the clients or                            customers of the Business, of which he or it has knowledge (other than                            any information which, at the time of disclosure, is in the public                            domain (save where such information is in the public domain by reason                            of a breach of this provision) or any information which he or it is                            compelled by law or by rules of any regulatory authority or stock                            exchange to disclose, provided that, where any such disclosure is                            required he or it shall immediately notify the Buyer of this fact and                            shall take into account the Buyer’s reasonable requirements as to                            the timing, content and manner of making such disclosure); |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | for two years after Completion, in relation to an                            internet casino, internet poker room, internet skill gaming, gaming                            portal or gaming affiliate business, or a business which is in direct                            competition with the Business, either on their own account or for                            another person, for the purpose of obtaining business, orders or                            custom, directly or indirectly solicit, interfere with or endeavour to                            entice away from the Business or from the Buyer’s Group a person                            who is, or has during the one year preceding Completion |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

17

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|        |     | been, a client or customer of or supplier to the Sellers in                        relation to the Business or, as appropriate, in the habit of dealing with                        Justin Drummond or Jason Drummond in each case in relation to the                        Business;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | (c) | for two years after Completion, in relation to an                            internet casino, internet poker room, internet skill gaming, gaming                            portal or gaming affiliate business, or a business which is in direct                            competition with the Business, either on their own account or for                            another person, directly or indirectly supply goods or services to a                            person who, to their knowledge is, or has during one year preceding                            Completion been, a client or customer of the Sellers in relation to the                            Business or, as appropriate, in the habit of dealing with Justin                            Drummond or Jason Drummond in each case in relation to the                            Business; |

|   | (d) | for two years after Completion, directly or indirectly                            carry on or be engaged, concerned or interested in an internet casino,                            internet poker room, internet skill gaming, gaming portal or gaming                            affiliate business, or a business which is in direct competition with                            the Business including, without limitation, such businesses: |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | which have a .co.uk extension; or |
|--------|-----|-----------------------------------|

|   | (ii) | that include or have advertising by internet skillgames,                            casinos and poker rooms that have a .co.uk extension either |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (A) | as a feed from a secondary website; or |
|--------|-----|----------------------------------------|

|   | (B) | directly on that website; or |
|--------|-----|------------------------------|

|   | (iii) | that have advertising or text links with copy containing                            promotional offers in pounds sterling; or |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | that target the United Kingdom; |
|--------|------|---------------------------------|

|   | (e) | at any time after Completion, in any                            jurisdiction: |
|--------|-----|-------------------------------------------------------------------------------|

|   | (i) | apply to register, register or seek to register any                            trade marks, domain names, company names, copyright or analogous right;                            or |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | directly or indirectly carry on a business activity                            under a name, |
|--------|------|----------------------------------------------------------------------------------------------|

which is identical with, or is so similar as to give the Buyer a right            to bring a passing off claim against any of the Sellers, Justin Drummond or Jason            Drummond in relation to, any of the Domain Names or includes any of the Business            Intellectual Property Rights incorporated within the Domain Names; or

|   | (f) | at any time after Completion, make adverse comments in                            relation to the Buyer or its employees, or the Business or the                            Assets. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 19.2 | Nothing contained within Clause 19.1(b), (c), (d), or                            (e) shall prevent the Sellers or Justin Drummond or Jason Drummond                            from |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | operating the website “gambling.com”;                            or, |
|--------|-----|----------------------------------------------------------------------------------|

|   | (b) | operating any website or domain name fairly disclosed in                            the Disclosure Letter (the                            “**Websites**”);                            or |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

18

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|   | (c) | operating its mobile gaming business |
|--------|-----|--------------------------------------|

in each case as each of “gambling.com”, the Websites and the            mobile gaming business are operated (where such Websites are capable of being operated)            on the date of this Agreement.

| 19.3 | The Sellers and each of Justin Drummond and Jason                            Drummond agree that the covenants and undertakings contained in                            Clause 19.1 are reasonable and are entered into for the purpose of                            protecting the goodwill, confidential information and trade connections                            of the Business. Accordingly the benefit of the covenants and                            undertakings may be assigned by the Buyer and its successors in title                            in accordance with Clause 18 without the consent of the Sellers and                            each of Justin Drummond and Jason Drummond. Without prejudice to any                            right to seek injunctive relief in relation to a breach or threatened                            breach of Clause 19.1, it is agreed that the maximum liability of Jason                            Drummond and Justin Drummond personally for damages, costs and any                            other claim relating to Clause 19.1 shall be £10,000 each (the                            “**Cap**”).                            Notwithstanding the preamble to Clause 19.1, the Sellers shall be                            jointly and severally liable for and agree to pay to the Buyer on                            demand any damages, costs and penalties awarded to the Buyer in excess                            of the Cap in the event of breach by either of Justin Drummond or Jason                            Drummond in Clause 19 of this Agreement. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 19.4 | Each undertaking contained in Clause 19.1 shall be                            construed as a separate undertaking. If one or more of them is held to                            be against the public interest or unlawful or an unreasonable restraint                            of trade, the remaining undertakings shall continue to bind the                            Sellers, Justin Drummond and Jason Drummond. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 19.5 | For six months following Completion (or as extended or                            reduced as agreed between the Buyer and Media Corp), the Sellers shall                            provide or shall procure the provision of, at no cost to the Buyer,                            customer service call centre and email support to the customers of the                            White Label Business in the same manner and to the same extent as the                            Sellers provide or procure those services to the White Label Business                            as at the date of this Agreement. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 19.6 | For six months following Completion (or as extended or                            reduced as agreed between the Buyer and Media Corp), the Sellers shall                            provide or shall procure the provision of, at no cost to the Buyer, any                            and all transition services (including such transitional services as                            are set out in Schedule 7) as the Buyer may reasonably require in order                            to duly and properly effect a transition of the management and                            operation of the Business to the Buyer. Such services shall be provided                            in substantially the same way and to the same quality as they were                            provided during the six months prior to Completion. The Sellers                            acknowledge that subject to the provisions of Schedule 5, the Buyer                            shall have control of financial and policy matters affecting the                            Business following Completion. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 19.7 | The obligations of the Sellers, Justin Drummond and                            Jason Drummond provided for in this Clause 19 are entered into in                            consideration of,*inter                            alia*, (i) the payment of £15,000 to                            each of Justin Drummond and Jason Drummond (the receipt and sufficiency                            of which is hereby acknowledged), (ii) facilitating the purchase of the                            Assets by the Buyer, (iii) the Buyer complying with its obligations                            under this Agreement (it being acknowledged by all the Parties hereto                            that the consideration payable under this Agreement pursuant to Clause                            4.1(a) and this Clause 19 has been quantified on the basis of,*inter alia*, the                            enforceability of the obligations in this Clause 19) and (iv) the                            execution and delivery of this Agreement as a deed. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

19

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| 19.8 | Justin Drummond and Jason Drummond each agree to account                            to HM Revenue & Customs for the income tax and national insurance                            contributions due in respect of the consideration paid to them under                            Clause 19.7 above. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 19.9 | Within one month of Completion, the Sellers undertake to                            the Buyer to remove a link labelled “casino.co.uk” from                            each of Orange UK and Vodafone UK’s WAP pages. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 20 | **VAT** |
|----|---------|

| 20.1 | All amounts payable by the Buyer under this agreement                            for the supply of goods and services are exclusive of any VAT that may                            be chargeable on them. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 20.2 | If any VAT is properly chargeable by the Sellers or any                            of them and payable under this Agreement, the Buyer will pay an amount                            equal to such VAT (including where charged, any interest and penalties)                            to the relevant Seller three Business Days before the date on which the                            relevant Seller is due to account for the same to HMRC provided that a                            valid VAT invoice has first been delivered to the Buyer by the relevant                            Seller or, if later, five Business Days after the relevant Seller has                            delivered a valid VAT invoice to the Buyer. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 20.3 | The Buyer confirms that it belongs in the Republic of                            Ireland and will receive the supply of the Assets for the purpose of a                            business carried on by it in the Republic of Ireland. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 20.4 | The Buyer warrants that, following completion of the                            transition of the Business to the Buyer as contemplated by Clause 19.6,                            the supply of the Assets under Clause 2.1 of this Agreement will be                            received and used by it outside of the United Kingdom. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 21 | **ANNOUNCEMENTS** |
|----|-------------------|

Except as required by law, the UK Listing Authority, the London Stock            Exchange or the Panel on Takeovers and Mergers, no announcement or statement shall be            made in relation to this Agreement except for the announcement in the Agreed Form or            otherwise as specifically agreed between the parties. An announcement by the Sellers            shall in any event be issued only after prior consultation with the Buyer.

| 22 | **INFORMATION AND FURTHER ASSURANCE** |
|----|---------------------------------------|

| 22.1 | Except as required by law or any regulatory body, the                            Sellers and the Buyer shall keep confidential this Agreement and its                            terms and conditions and shall not disclose the same to any third party                            without the prior written consent of the other party. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 22.2 | The Sellers will, following a request by the                            Buyer: |
|------|--------------------------------------------------------------------------------|

|   | (a) | at their own expense, execute any document and do any                            thing; and |
|--------|-----|---------------------------------------------------------------------------------------------|

|   | (b) | at their own reasonable expense and using their                            reasonable endeavours to procure that a third party executes any                            document and does any thing, |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

reasonably necessary to give the Buyer the full benefit of this            Agreement and to perfect the transaction intended to be effected pursuant to this            Agreement.

20

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| 22.3 | The Sellers shall after Completion retain the Retained                            Business Records for a minimum of six years and shall during such                            period give to the Buyer and its representatives reasonable facilities                            to inspect the Retained Business Records and to take copies and                            extracts so far as they relate to the Business at all reasonable times                            and on reasonable advance notice. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 22.4 | The Sellers shall procure that all notices,                            correspondence, information, orders or enquiries relating to the                            Business which are received by the Sellers or any member of the Media                            Corp Group on or after Completion shall be passed to the Buyer as soon                            as reasonably practicable. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 22.5 | At any time after Completion and upon reasonable request                            from time to time the Buyer shall provide, or procure to be provided,                            to Media Corp (at Media Corp’s expense), all information relating                            to the Business relating to the period up to Completion and which is in                            its possession or under its control. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 23 | **RIGHTS AND REMEDIES OF THE BUYER** |
|----|--------------------------------------|

| 23.1 | The rights and remedies of the Buyer shall not be                            affected, and the Warranties shall not be regarded as being qualified,                            by: |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | any investigation made by or on behalf of the Buyer                            regarding the Assets or the affairs of the Sellers other than a matter                            fairly disclosed in accordance with Clause 15.3; or |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | any matter within the actual, imputed or constructive                            knowledge of the Buyer or of any of its agents or advisers other than a                            matter fairly disclosed in accordance with Clause 15.3. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 23.2 | The rights and remedies of the Buyer shall not be                            affected by it failing to exercise, or delaying in exercising, a right                            or remedy, or by anything else, except a specific authorised written                            waiver or release. A single or partial exercise of a right or remedy                            provided by this Agreement or by law does not prevent its further                            exercise or the exercise of another right or remedy. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 24 | **WAIVER** |
|----|------------|

Waiver by the Buyer and/or the Sellers of a breach of a term of this            Agreement, or of a default under it, does not constitute a waiver of another breach or            default nor affect the other terms of this Agreement.

| 25 | **NO MERGER** |
|----|---------------|

The obligations contained in or implied by this Agreement which have not            been performed at or prior to Completion and the warranties and indemnities contained            in it and any rights or remedies available pursuant to it shall remain in full force            and effect notwithstanding, and shall not be affected by, Completion.

| 26 | **CUMULATIVE RIGHTS** |
|----|-----------------------|

The rights and remedies provided in this Agreement are cumulative and            not exclusive of any other rights or remedies.

21

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| 27 | **CONTRACTS (RIGHTS OF THIRD PARTIES) ACT                            1999** |
|----|-----------------------------------------------------------------------------|

| 27.1 | Unless the right of enforcement is expressly granted, it                            is not intended that a third party should have the right to enforce a                            provision of this Agreement pursuant to the Contracts (Rights of Third                            Parties) Act 1999. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 27.2 | The parties may vary this Agreement without the consent                            of a third party to whom an express right to enforce any of its terms                            has been provided. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 28 | **COSTS** |
|----|-----------|

Expenses incurred by or on behalf of the parties, including the fees of            agents and advisers employed in connection with the negotiation, preparation or            execution of this Agreement, shall be borne by the party who incurred the            liability.

| 29 | **SET-OFF, WITHHOLDING TAX AND                            GROSSING-UP** |
|----|-------------------------------------------------------------------------|

| 29.1 | The Sellers and the Buyer shall pay all sums payable by                            them under or pursuant to the terms of this Agreement free and clear of                            any counterclaim or set-off of any kind. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 29.2 | The Sellers and the Buyer shall pay all sums payable by                            them under or pursuant to the terms of this Agreement free and clear of                            all deductions or withholdings except for those required by law. If a                            deduction or withholding is required by law the Sellers or the Buyer                            (as appropriate) shall pay such additional amount as will ensure that                            the net amount the payee receives equals the full amount which it would                            have received had the deduction or withholding not been                            required. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 29.3 | In the event that any sum paid or payable by the Sellers                            to the Buyer, or by the Buyer to the Sellers, under or pursuant to this                            Agreement is or will be chargeable to Tax in the hands of the payee (or                            would be so chargeable but for the availability of any relief) then the                            Sellers or the Buyer (as appropriate) shall pay such additional amount                            as will ensure that the total amount received, net of Tax chargeable on                            such amount (or that would be so chargeable but for such relief), is                            equal to the amount that would otherwise be payable under or pursuant                            to this Agreement. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 30 | **INVALIDITY** |
|----|----------------|

| 30.1 | Subject to Clause 30.2 and Clause 30.3, if a                            provision of this Agreement is held to be illegal or unenforceable, in                            whole or in part, under an enactment or rule of law, it shall to that                            extent be deemed not to form part of this Agreement and the                            enforceability of the remainder of this Agreement shall not be                            affected. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 30.2 | If a provision of this Agreement is, or but for this                            Clause would be, held to be illegal or unenforceable, in whole or part,                            but would be legal and enforceable if the period of application or                            geographical application were reduced or if part of the provision were                            deleted, the provision shall apply with the minimum modification                            necessary to make it legal and enforceable. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 30.3 | If a provision of this Agreement is held to be illegal                            or unenforceable, in whole or in part, and Clause 30.2 cannot be                            used to make it legal and enforceable, the Buyer and/or the Sellers (as                            the case may be) may require the Sellers and/or the Buyer (as the case                            may be) to enter into a new deed under which the Sellers and/or the                            Buyer (as the case may be) undertakes in the terms of the original                            provision, but subject to such amendments as the Buyer and/or the                            Sellers (as the case may be) specifies in order to make the provision                            legal and enforceable. The |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

22

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|    | Sellers and/or the Buyer (as the case may be) will not be                        obliged to enter into a new deed that would increase its liability beyond                        that contained in this Agreement, had all its provisions been legal and                        enforceable. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31 | **COUNTERPARTS**                                                                                                                                                                                                                                                                              |

| 31.1 | This Agreement may be executed in a number of                            counterparts and by the parties on different counterparts, but shall                            not be effective until each party has executed at least one                            counterpart. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 31.2 | Each counterpart, when executed, shall be an original,                            but all the counterparts together constitute the same                            document. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32 | **COMMUNICATIONS** |
|----|--------------------|

| 32.1 | All communications between the parties with respect to                            this Agreement shall be in writing and shall: |
|------|---------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | be delivered by hand, or sent by first class prepaid                            post (or airmail if sent outside Great Britain) to, the registered                            office for the time being of the addressee or to another address in                            Great Britain which the addressee notifies for the purpose of this                            Clause; or |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | be sent by facsimile to the facsimile number stated                            below or as notified for the purpose of this Clause. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------|

| 32.2 | In the absence of evidence of earlier receipt,                            communications shall be deemed to have been received as                            follows: |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | (if sent by post within Great Britain) two Business Days                            after posting; |
|--------|-----|----------------------------------------------------------------------------------------------------|

|   | (b) | (if sent by post outside Great Britain) five Business                            Days after posting; |
|--------|-----|------------------------------------------------------------------------------------------------------|

|   | (c) | (if delivered by hand) on the day of delivery, if                            delivered at least two hours before the close of business hours on a                            Business Day, and otherwise on the next Business Day; and |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | (if sent by facsimile) at the time of transmission, if                            received at least two hours before the close of business hours on a                            Business Day, and otherwise on the next Business Day. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32.3 | For the purposes of this                            Clause 32 (*Communications* ), “**business                            hours**” means between the hours of 10.00                            and 18.00 inclusive, London time. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32.4 | In proving service it shall be sufficient to prove that                            personal delivery was made, or that the envelope containing the notice                            was properly addressed and stamped and placed in the post or that the                            facsimile transmission was transmitted to the specified number and a                            confirmatory transmission report received. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32.5 | Communications addressed to the Sellers or Justin                            Drummond or Jason Drummond which is delivered or sent in accordance                            with Clause 32.1, shall be marked for the attention of Justin                            Drummond and communications addressed to the Buyer or CryptoLogic shall                            be marked for the attention of the Managing Director, with a copy to                            the General Counsel of Cryptologic Limited. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32.6 | The facsimile numbers referred to in Clause 32.1                            are: |
|------|---------------------------------------------------------------------------------------|

23

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|   | for the Sellers: | +44 (0) 207 618 9001 |
|--------|------------------|----------------------|

|   | for the Buyer: | + 001 416 840 3165 (with a copy to +44 (0) 207 616                            1984). |
|--------|----------------|--------------------------------------------------------------------------------------|

| 33 | **ENTIRE AGREEMENT** |
|----|----------------------|

| 33.1 | This Agreement and the documents referred to in it                            together constitute the whole agreement between the parties and,                            subject as expressly provided to the contrary in this Agreement,                            supersede all previous negotiations, agreements and understandings,                            written or oral, between the parties relating to the subject matter of                            this Agreement. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 33.2 | Each of the parties acknowledge that in entering into                            this Agreement, it does not rely on, and will have no remedy in respect                            of, any statements, warranties or undertakings (whether negligently or                            innocently made) of any person (whether party to this Agreement or not)                            other than as expressly set out in this Agreement. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 33.3 | Nothing in this Clause 33 will operate to limit or                            exclude any liability for fraud. |
|------|---------------------------------------------------------------------------------------------------------------------|

| 34 | **PROPER LAW** |
|----|----------------|

This Agreement shall be governed by and construed in accordance with            English law and the parties submit any dispute which may arise out of, under, or in            connection with this Agreement to binding arbitration in accordance with the Rules of            Arbitration of the International Chamber of Commerce. All arbitration proceedings shall            be in the English language and take place in London, England.

**Delivered as a deed on the date of this document.**

24

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Schedule 1

**Schedule 1**

             

**The Business**

The Business compromises:

| 1 | an internet casinos and poker rooms portals business                            operated through the following six internet Domain Names: casino.co.uk,                            findpoker.com, findpoker.eu, got2bet.com, got2bet.co.uk,                            skillgaming.co.uk and casino.ie (the “Portals Business”);                            and |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | white label affiliate businesses operated pursuant to an                            agreement between Profitable Play N.V. and Xworks (UK) Ltd. dated 6                            January 2004 and related to the Jackpot Joy white label (the                            “White Label Business”). |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

25

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Schedule 2 : Business Contract

**Schedule 2**

**Business Contract**

             

| 1. | The agreement dated 6 January 2004 between Profitable                            Play N.V. and Xworks (UK) Limited, relating to the “Jackpot                            Joy” white label. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

26

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Schedule 3 : Warranties

**Schedule 3**

**Warranties**

| 1 | **Corporate Capacity** |
|---|------------------------|

| **(**a) | The Sellers: |
|---------|--------------|

|   | (i) | are duly incorporated and validly existing under the                            laws of the jurisdiction of their incorporation; and |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | have full corporate power and authority to carry on the                            Business. |
|--------|------|----------------------------------------------------------------------------------------------|

| (b) | The Sellers have taken all corporate and other actions                            necessary to enable them to enter into and perform their obligations                            under this Agreement, to transfer and convey the Assets to the Buyer,                            which constitutes or when executed will constitute, binding obligations                            on them in accordance with its respective terms, and the Sellers have                            secured all approvals and consents (governmental or otherwise) required                            for the performance of the transactions contemplated by this                            Agreement. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | The Sellers have carried on the Business in accordance                            with their memorandum and articles of association. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------|

| 2 | **Books and records** |
|---|-----------------------|

The books and records of the Business which are to be delivered to the            Buyer at Completion have:

| (a) | been fully and accurately kept in all material                            respects; |
|-----|-------------------------------------------------------------------------------------|

| (b) | do not contain material inaccuracies or omissions;                            and |
|-----|-----------------------------------------------------------------------------------|

| (c) | are all the books and records relevant to the                            Business. |
|-----|------------------------------------------------------------------------------------|

| 3 | **Disclosed Accounts** |
|---|------------------------|

| (a) | The Disclosed Accounts: |
|-----|-------------------------|

|   | (i) | were properly prepared from the records of the Business                            and, so far as the Sellers are aware, do not contain any material                            inaccuracies; and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | and properly reflect the position regarding revenue and                            affiliate commissions of the Business which relate to the Domain Names                            and the Business Contract at the date to which they are made                            up. |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4 | **Possession of documents** |
|---|-----------------------------|

All deeds, agreements and other documents relating to the Assets or the            Business to which the Sellers are a party or is entitled to enforce are in the            possession of the Sellers or under their control.

| 5 | **Investigations** |
|---|--------------------|

No investigations or enquiries, by or on behalf of, a governmental or            other body in respect of any aspect of the Business are taking place.

27

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| 6 | **Assets and Trading** |
|---|------------------------|

| (a) | The Sellers own and have good title to all the Assets,                            free and clear of all encumbrances, and still own and have good title                            to them and all Assets acquired since the Accounts Date and no third                            party has any interest in the Assets. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | The Sellers have not created or granted or agreed to                            create or grant any Encumbrance or offered for sale, its estate or                            interest in any of the Assets or acquired or agreed to be acquired                            since the Accounts Date. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | None of the Assets is subject to any Encumbrance or any                            bill of sale, hire-purchase, conditional sale, credit-sale, leasing or                            other agreement for payment on deferred terms or any agreement or                            commitment to grant or enter into any of the foregoing. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | The Assets comprise all the assets necessary for the                            continuation of the Business as presently carried on. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------|

| (e) | All consents and agreements of third parties which are                            required for the transfer of the Assets to the Buyer have been obtained                            in writing and are attached to the Disclosure Letter. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7 | **Changes since Accounts Date** |
|---|---------------------------------|

| (a) | Since the Accounts Date: |
|-----|--------------------------|

|   | (i) | the Business has been continued in the usual                            course; |
|--------|-----|---------------------------------------------------------------------------------|

|   | (ii) | the Sellers have not, in relation to the Business,                            disposed of any Assets or assumed or incurred any outstanding capital                            commitment or any material liabilities (whether actual or contingent)                            otherwise than in the ordinary course of its trading                            business; |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | the Sellers have paid the creditors of the Business in                            accordance with its usual working practices; and |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | there has not occurred any material adverse change in                            the operations, assets, financial or trading position or revenues of                            the Business as compared against the period 1 January 2006 to 20 August                            2006, excluding, in any such case, any event, circumstance or change                            resulting from: |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | matters fairly disclosed in the Disclosure Letter;                            or |
|--------|-----|----------------------------------------------------------------------------------|

|   | (ii) | this transaction. |
|--------|------|-------------------|

| 8 | **Effect of sale of the Business** |
|---|------------------------------------|

| (a) | Since the Accounts Date, the Sellers have received no                            notification that: |
|-----|-----------------------------------------------------------------------------------------------------|

|   | (i) | a material customer or client of the Business will                            cease, or be entitled to cease, to deal with it or with the Sellers or                            may substantially reduce its existing level of business with the                            Business of the Sellers; or |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | the Business will lose the benefit of a right which it                            enjoys. |
|--------|------|-------------------------------------------------------------------------------------------|

28

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| (b) | Compliance with the terms of this Agreement does not and                            will not so far as such provisions relate to the Business: |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | conflict with, or result in the breach of, or constitute                            a material default under an agreement or arrangement to which the                            Sellers are a party relating to the Business or a restriction or                            obligation by which or to which an asset of the Business is bound or                            subject; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | relieve another person from any material contractual                            obligation to the Business or enable another person to determine such                            an obligation, or a right or benefit enjoyed by the Business, or to                            exercise a right, whether under an agreement with, or otherwise in                            respect of the Business; |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | result in the creation, imposition, crystallisation or                            enforcement of an encumbrance on assets of the Business or the                            Sellers. |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9 | **Joint ventures and partnerships** |
|---|-------------------------------------|

The Sellers:

| (a) | are not, and have not been, a party to a joint venture                            or consortium or partnership, or to an agreement or arrangement for                            sharing commissions or other income relating to the Business;                            and |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | does not conduct, and have not conducted, a part of the                            Business through a branch, agency or permanent establishment outside                            the United Kingdom. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10 | **Agreements concerning the Business** |
|----|----------------------------------------|

| (a) | There are no agreements or arrangements between the                            Sellers and a person who is a shareholder, or the beneficial owner of                            an interest, in it, or in a company in which the Sellers are                            interested, relating to: |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | the management of the Business; |
|--------|-----|---------------------------------|

|   | (ii) | the ownership, transfer of ownership or letting of the                            Assets; |
|--------|------|-------------------------------------------------------------------------------------------|

|   | (iii) | the provision, supply or purchase of finance, goods,                            services or other facilities to, by or from the Business; or |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | otherwise relating to the Business or the                            Assets. |
|--------|------|------------------------------------------------------------------------------|

| (b) | The Sellers are not a party to an agency,                            distributorship, marketing, purchasing, manufacturing or licensing                            agreement or arrangement, or a restrictive agreement or arrangement                            which restricts its freedom to carry on the Business or to use or                            exploit the Assets. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | The Business Contract provided by the Sellers to the                            Buyer and the insertion orders provided to the Buyer’s                            Accountants as part of the financial due diligence exercise, constitute                            all the contracts and other engagements, whether written or oral,                            referable to the Business and full particulars of any amendments to the                            Business Contract, whether written or oral, are fairly disclosed in the                            Disclosure Letter. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | To the Sellers’ knowledge, neither the Business                            Contract nor any of the insertion orders provided to the Buyer’s                            Accountants as part of the financial due diligence exercise are void or                            voidable at the instance of any party or are unenforceable                            by |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

29

----

|   | the Sellers, and particulars of any amendments to the                        Business Contract, whether written or oral, have been fairly disclosed to                        the Buyer in the Disclosure Letter.                                                                                                                                                                                                                             |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e)    | No party to a Business Contract or an insertion order                            provided to the Buyer’s Accountants as part of the financial due                            diligence exercise, is in default under it, being a default which is                            material in the context of the Business; and so far as the Sellers are                            aware there is nothing likely to give rise to a default. |

| 11 | **Litigation disputes and winding up** |
|----|----------------------------------------|

| (a) | The Sellers are not engaged in litigation or                            arbitration, proceedings as plaintiff or defendant in relation to the                            Business; there are no proceedings threatened, either by or against the                            Sellers affecting the Business; and so far as the Sellers are aware                            there is nothing which is likely to give rise to litigation or                            arbitration. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | There is no dispute with a Tax or other official                            department in relation to the Business and so far as the Sellers are                            aware there is nothing which may give rise to a dispute. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | No receiver or administrative receiver has been                            appointed over the whole or any part of the Assets or the Business, nor                            are the Sellers the subject of an application to the court for an                            administration order, a notice of appointment of an administrator, a                            notice of intention to appoint an administrator or has an administrator                            appointed over it. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | No petition has been presented, no order has been made                            and no resolution has been passed for the winding up of the Sellers or                            for the appointment of a liquidator or provisional liquidator of the                            Sellers. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e) | No voluntary arrangement has been proposed or is in                            force under Part 1 of the Insolvency Act                            1986 in respect of the Sellers. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f) | No compromise or arrangement has been proposed, agreed                            to or sanctioned in respect of the Sellers. |
|-----|-------------------------------------------------------------------------------------------------------------------------------|

| (g) | The Sellers have not stopped payment of their creditors                            generally nor are they insolvent or unable to pay their debts as and                            when they fall due within the meaning of section 123 Insolvency Act                            1986. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (h) | The Sellers have terminated all arrangements and                            agreements relating to the Business with any third party engaged in any                            online gambling business that accepts wagers from, and/or allows access                            to, residents of the United States of America and, so far as the                            Sellers are aware, no third parties engaged in any online gaming                            business with which arrangements with advertisers and agreements                            relating to the Business have been entered into and are subsisting,                            intend to accept such wagers and/or allow such access. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12 | **Compliance with statutes and licences** |
|----|-------------------------------------------|

The Sellers have obtained all material licences and consents required to            carry on their business and operate the Business (short particulars of each licence and            consent being set out in the Disclosure Letter); all the material licences and consent            in relation to the Business are valid and subsisting; the Sellers are not in breach of            any of them and there is nothing that might prejudice their continuation or renewal in            the places and in the manner in which its business is now carried on which could have a            material adverse effect on the Business.

30

----

| 13 | **Data protection** |
|----|---------------------|

| (a) | In relation to the Business, the Sellers are fully                            compliant with all applicable data protection laws and have taken all                            necessary steps to achieve compliance with the Data Protection Act                            1998, including, (without limitation): |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | informing data subjects of the identity of the data                            controller, its nominated representatives, the uses made of the data                            and any potential disclosures and obtaining their consent (if                            necessary) in connection with the processing of personal                            data; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | having in place appropriate technical and organisational                            measures against the accidental or unauthorised destruction, loss,                            alteration or disclosure of personal data and procedures to ensure that                            unauthorised persons do not have access to any equipment used to                            process such data; and |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | having in place appropriate systems to identify which                            individuals have instructed the Sellers that they do not wish to                            receive marketing information and comply with such                            instructions. |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | In relation to the Business, no individual has claimed,                            and no grounds exist for any individual to claim compensation from the                            Sellers under the applicable data protection legislation for loss or                            unauthorised disclosure of data or for any contravention of any of the                            requirements of the Data Protection Act 1998. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | In relation to the Business, the Sellers have not                            received a notice or allegation from either the Information                            Commissioner or a data subject alleging non-compliance with the data                            protection legislation, or prohibiting the transfer of data to a                            country or territory outside the United Kingdom or the European                            Economic Area. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14 | **Intellectual Property Rights** |
|----|----------------------------------|

| (a) | The Business Intellectual Property Rights transferred as                            part of the Assets is all the Intellectual Property Rights material to                            the operation of the Business and all the Intellectual Property Rights                            necessary to enable the Buyer to carry on the Business in the same                            manner and to the same extent as it was carried out by the Sellers                            before Completion. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | The Business Intellectual Property Rights are owned by                            and vested in the Sellers free from all Encumbrances. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------|

| (c) | The Sellers’ ownership, possession and use of the                            Business Intellectual Property or any part of it, and the transfer to                            the Buyer hereunder, does not so far as the Sellers are aware infringe                            the rights of any third party. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | There have not been actions, claims, counterclaims or                            applications and no notice of any allegations have been received by the                            Sellers impugning the validity, enforceability or ownership, of the                            Business Intellectual Property Rights, and the Sellers have not                            received any notice that any such actions are pending. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e) | There have not been any actions, claims or allegations                            by the Sellers against a third party alleging infringement of any of                            the Business Intellectual Property. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f) | No right has been granted by the Sellers to another                            person to do anything which would infringe the Business Intellectual                            Property. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

31

----

| (g) | In so far as the Business Intellectual Property is                            registered or application for registration has been made by the                            Sellers: |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | all relevant registrations and applications for the                            rights are in the name of the Sellers; and

                              |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | no application for registration has been discontinued by                            the Sellers. |
|--------|------|--------------------------------------------------------------------------------------------------|

| (h) | No member of the Media Corp Group owns or has any rights                            to use any domain name that is substantially similar to any of the                            Domain Names or includes any of the Business Intellectual Property                            Rights incorporated within the Domain Names. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15 | **Software/hardware** |
|----|-----------------------|

| (a) | To the extent that the Sellers do not own the                            intellectual property in any of the software which comprises the                            Assets, they are licensed to use such software on terms disclosed to                            Buyer in the Disclosure Letter. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | In respect of all material software which comprises the                            Assets (which includes the Portal Management Software), the Sellers                            hold copies of the source code or are a party to a fully enforceable                            escrow agreement entitling them to access the source code in the event                            of the insolvency of the licensor or failure of the licensor to provide                            maintenance and support for such software. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | All material software and hardware used or purported to                            be used in relation to the Assets is covered by subsisting maintenance                            agreements and the terms of all such maintenance agreements are set out                            in the Disclosure Letter. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16 | **Insurances** |
|----|----------------|

| (a) | Copies of all policies of insurance relating to the                            Business and Assets are attached to the Disclosure Letter. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | The Business is and has at all material times been,                            adequately covered against accident, damage, injury, third party loss                            (including product liability), loss of profits and other risks normally                            insured against by persons carrying on business of the same kind as the                            Business. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | All insurance relating to the Business or the Assets is                            in full force, and as far as the Sellers are aware, nothing has been                            done or omitted to be done which could make any policy of insurance                            void or voidable. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

32

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Schedule 4 : Seller protection provisions

**Schedule 4**

**Seller protection provisions**

| 1 | **Definitions** |
|---|-----------------|

In addition to the definitions in Clause 1.1, in this            Schedule:

|   | “**Expiry                            Date**” means the 1st                            anniversary of Completion. |
|--------|------------------------------------------------------------------------------------------------------------------------------|

|   | “**Cumulative                            Threshold**” means                            £40,000. |
|--------|-------------------------------------------------------------------------------------------------------------------|

|   | “**Warranty                            Claim**” means a claim by the Buyer under                            Clause 14.1. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | **Introduction** |
|---|------------------|

| (a) | Nothing in this Schedule limits the liability of the                            Sellers in the case of fraud or wilful or dishonest concealment or                            non-disclosure by him or, prior to Completion, by the                            Business. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | The provisions of this Schedule operate so as to limit                            the liability of the Sellers and to establish the procedures for                            dealing with Warranty Claims. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | A breach of Warranty will not entitle the Buyer to                            rescind or repudiate this Agreement. |
|-----|--------------------------------------------------------------------------------------------------------------------|

| (d) | The Warranties shall be actionable only by the                            Buyer. |
|-----|----------------------------------------------------------------------------------|

| 3 | **Limitations** |
|---|-----------------|

| (a) | The Sellers shall not be liable in respect of a Warranty                            Claim to the extent that: |
|-----|---------------------------------------------------------------------------------------------------------------|

|   | (i) | it occurs or is increased as a result of legislation not                            in force at the date of this Agreement or any change after the date of                            this Agreement to legislation in force at the date of this Agreement,                            in either case whether or not the same takes effect                            retrospectively; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | it occurs or is increased as a result of a change in                            generally accepted accounting practices after Completion whether or not                            the same takes effect retrospectively; |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | it would not have arisen but for a breach by the Buyer                            or any member of the Buyer’s Group of its obligations under this                            Agreement or any document entered into pursuant to it; |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | it would not have arisen but for anything occurring                            after Completion due to the actions of the Buyer or a member of the                            Buyer’s Group; |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (v) | it would not have arisen but for the decision or request                            of the Buyer before Completion; or |
|--------|-----|------------------------------------------------------------------------------------------------------------------------|

|   | (vi) | a change in the basis or method of calculation of Tax or                            increase in Taxation at Completion. |
|--------|------|-------------------------------------------------------------------------------------------------------------------------|

| (b) | Payment of any Warranty Claim shall to the extent of                            such payment satisfy and preclude any further or other claim which is                            capable of being made in respect of the same subject matter whether                            under the Warranties or any other provisions of this                            Agreement. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

33

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Schedule 4 : Seller protection provisions

| 4 | **Warranty Claims** |
|---|---------------------|

The aggregate liability of the Sellers to make payment to the Buyer in            respect of Warranty Claims shall not exceed the aggregate of the amounts paid to the            Sellers in accordance with Clauses 4.1 and 5.1.

| 5 | **Time limits** |
|---|-----------------|

| (a) | Subject to paragraph 5(c)                            proceedings in relation to a Warranty Claim shall not be brought                            against the Sellers unless written notice of the Warranty Claim                            (stating in reasonable detail the nature of the breach of Warranty and                            if practicable the amount claimed) is given to Media Corp before the                            Expiry Date. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Subject to paragraph 5(c) if                            a Warranty Claim has not been resolved on or before nine months from                            the date of written notice of the Warranty Claim in accordance with                            paragraph 5(a) and the Buyer has not by                            then issued and served legal proceedings in respect of the Warranty                            Claim, the Warranty Claim shall be deemed withdrawn by the                            Buyer. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | The provisions of paragraph 5(a) and paragraph 5(b) do                            not apply in respect of Warranty Claims to the extent that delay in                            recovery or process is the consequence of fraud or wilful or dishonest                            concealment by the Sellers. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6 | Thresholds |
|---|------------|

| (a) | The Sellers will not have any liability for a Warranty                            Claim unless the amount of it when added to the total amount of all                            other Warranty Claims exceeds the Cumulative Threshold. The Sellers                            will then be liable for the entire amount of such Warranty Claims and                            not merely the excess over the Cumulative Threshold. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7 | **Recovery** |
|---|--------------|

| (a) | If, as a result of circumstances giving rise to a                            Warranty Claim, a member of the Buyer’s Group is entitled to make                            recovery from a third party, the Buyer shall (provided that it is first                            given an indemnity and security for all associated costs and expenses                            by the Sellers in terms reasonably satisfactory to the                            Buyer): |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | at the expense of the Sellers take such reasonable steps                            as the Sellers require in relation to the right to recover from the                            third party (but without instituting or defending legal                            proceedings); |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | the Buyer will act in accordance with the Seller’s                            reasonable instructions and will give notice to the Seller within 14                            days of any relevant third party claim or circumstance reasonably                            likely to give rise to a Warranty Claim; and |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | subject to paragraph 7(b),                            account to the Sellers for the amount recovered by the Buyer or a                            member of the Buyer’s Group less the aggregate of: |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (A) | the associated costs (other than costs paid by the                            Sellers) of seeking to obtain recovery; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------|

|   | (B) | Taxation (if any) arising from the recovery;                            and |
|--------|-----|-----------------------------------------------------------------------------|

|   | (C) | any amount for which the Sellers are otherwise given                            credit or receive the benefit as a result of the recovery. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------|

34

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Schedule 4 : Seller protection provisions

| (b) | The Buyer shall not be required as a result of                            paragraph 7(a) to account to the                            Sellers: |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | for more than the aggregate of amounts paid by the                            Sellers to the Buyer by way of redress in respect of the Warranty Claim                            in respect of which the recovery is made; or |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | to the extent that the amount paid by the Sellers was                            adjusted to take account of the benefit received. |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------|

| 8 | **Protection of goodwill** |
|---|----------------------------|

Nothing in this Schedule imposes an obligation on a member of the            Buyer’s Group to do anything which in the Buyer’s reasonable opinion is            likely to be detrimental on the prospects, reputation or goodwill of the Buyer or a            member of the Buyer’s Group or the Business or would have a material adverse            effect on the Buyer or a member of the Buyer’s Group or the Business.

| 9 | **Retention of records for Sellers’                            benefit** |
|---|--------------------------------------------------------------------------------|

| (a) | The Buyer undertakes with Media Corp to preserve for the                            duration of the Earn-Out Period all books, records and documents of the                            Business. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | For the duration of the Earn-Out Period, the Buyer will                            permit, on reasonable notice and during business hours, Media Corp                            access to all these books, records and documents. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10 | **Successful Warranty Claims deemed to constitute                            a reduction in purchase price** |
|----|--------------------------------------------------------------------------------------------------------------|

The satisfaction by the Sellers of any Warranty Claim is deemed to            constitute a reduction in the Consideration payable by the Buyer for the            Business.

| 11 | **Exclusion of certain Warranty Claims** |
|----|------------------------------------------|

| (a) | The Buyer will not make any Warranty Claim against the                            Sellers and the Sellers will have no liability to the Buyer for a                            Warranty Claim under this Agreement or otherwise where that Warranty                            Claim arises out of the Sellers having done (or omitted to do)                            something before Completion at the Buyer’s request. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | If the Sellers pay to the Buyer an amount in respect of                            a Warranty Claim (but only to the extent that such amount is in respect                            of the full amount of the Warranty Claim) and the Buyer subsequently                            recovers from another person an amount which is referable to the matter                            giving rise to the Warranty Claim: |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | if the amount paid by the Sellers in respect of the                            Warranty Claim is more than the Sum Recovered, the Buyer shall pay to                            the Sellers the Sum Recovered; and |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | if the amount paid by the Sellers in respect of the                            Warranty Claim is less than or equal to the Sum Recovered, the Buyer                            shall immediately pay to the Sellers an amount equal to the amount paid                            by the Sellers. |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | For the purposes of paragraph 11 (b), “Sum                            Recovered” means an amount equal to the total of the amount                            recovered from the other person less all reasonable costs incurred and                            Tax (including Tax that would have been incurred but for a relief being                            available) by the Buyer in recovering the amount from the                            person. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

35

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Schedule 4 : Seller protection provisions

| 12 | **No duplication of liability** |
|----|---------------------------------|

The Buyer may not seek recovery from the Sellers (or any of them) more            than once in respect of circumstances giving rise to a Warranty Claim or otherwise            reducing the Consideration or giving rise to a liability of the Sellers to make payment            or satisfy an obligation.

| 13 | **Mitigation** |
|----|----------------|

Nothing in this Agreement affects the duty at law of the Buyer to            mitigate its loss.

36

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Schedule 5 : Conduct of Earn-Out Business during the            Earn-Out Period

**Schedule 5**

**Conduct of Earn-Out Business during the Earn-Out            Period**

| 1 | **Introduction** |
|---|------------------|

| (a) | The Buyer acknowledges the interests of Media Corp in                            the trading of the Earn-Out Business during the Earn-Out Period and                            that it is in the commercial interests of both the Buyer and Media Corp                            to use all reasonable endeavours to ensure that the Earn-Out Business                            is in a position to maintain and increase profitability. The Buyer also                            acknowledges the interests of Media Corp in monitoring,*inter alia*, the financial                            performance, assets and obligations of the Earn-Out Business during the                            Earn-Out Period. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Subject to the provisions of this Schedule, the Buyer                            shall have control of financial and policy matters affecting the                            Earn-Out Business. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | Conduct of the Earn-Out Business during the Earn-Out                            Period |
|---|----------------------------------------------------------------------------------------|

| (a) | The Buyer covenants with Media Corp that during the                            Earn-Out Period it shall comply with following provisions of this                            paragraph 2. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | During the Earn-Out Period, there will be the equivalent                            of at least one full time employee working within the Business, either                            as a result of the provision of the transitional services to be                            provided by the Sellers in accordance with Clause 19.6, or as provided                            by the Buyer, as necessary. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | The Buyer will retain the beneficial ownership of the                            Earn-Out Business. |
|-----|-----------------------------------------------------------------------------------------------------|

| (d) | The Buyer shall act in good faith towards Media Corp in                            relation to the Earn-Out Business insofar as its acts could affect                            whether the Additional Consideration becomes payable to Media Corp                            under this Agreement.                                                                                                                                                                                   |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e) | The Buyer shall not directly or indirectly compete with                            the Earn-Out Business or require the Sellers to manage the Earn-Out                            Business, or provide any of the transition or support services during                            the Earn-Out period, from a location other than the current premises of                            the Sellers. The provisions of this paragraph 2(e) shall not                            prevent: |

|   | (i)  | the Buyer from effecting a transition of the management                            and operation of the Businessto                            it as contemplated by Clause 19.6; or |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|        | (ii) | any member of the Buyer’s Group (as appropriate) from                        operatingALI Online as it is operated on the date of                        this Agreement.      |

| **(**f) | Subject to the Buyer effecting a transition of the                            management and operation of the Business to it as contemplated by                            Clause 19.6, the Buyer shall not, during the Earn-Out Period, restrict                            the Sellers from operating the Earn-Out Business in the same or                            substantially the same manner as it was operated during the six months                            prior to Completion. |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (g) | The Buyer shall not cease to carry on or dispose of the                            whole or any substantial part of the Business during the Earn-Out                            Period. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (h) | Save as agreed or as contemplated between the parties                            prior to Completion, the Buyer shall not make a substantial change to                            the nature or scope of the Business during the Earn-Out                            Period. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

37

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Schedule 5 : Conduct of Earn-Out Business during the                Earn-Out Period

| (i) | The Buyer shall not pass any resolution for voluntary                            winding up or petition for its own winding up or                            administration. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

38

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Schedule 6 : Determination of the Average            Monthly Revenue 

**Schedule 6**

**Determination of the Average Monthly Revenue**

| 1. | **Earn-Out Accounts** |
|----|-----------------------|

| (a) | The Buyer shall procure that Earn-Out Accounts are                            prepared. |
|-----|-----------------------------------------------------------------------------------------|

| (b) | The Earn-Out Accounts shall be prepared on the same                            principles, policies methods, practices and bases applied in preparing                            the Disclosed Accounts but subject to such adjustments as provided for                            in Schedule 6 paragraph 2. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | Following preparation of the Earn-Out Accounts, the                            Buyer shall determine the Average Monthly Revenue by dividing the line                            item entitled “Revenue” of the Earn-Out Business during the                            Earn-Out Period by six. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | Adjustments to the Earn-Out Accounts to determine the                            Average Monthly Revenue |
|---|----------------------------------------------------------------------------------------------------------|

| (a) | In order to determine the Average Monthly Revenue the                            Earn-Out Accounts shall be adjusted so as to give credit                            for: |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | advertising revenue receivable by the Earn-Out                            Business; |
|--------|-----|-------------------------------------------------------------------------------------|

|   | (ii) | the sum of £1.25 per unique website visitor who                            shall have visited InterCasino, Parbet or PlayboyGaming by clicking on                            the InterCasino, Parbet or PlayboyGaming embedded link on                            www.casino.co.uk, such link to be maintained as set out in paragraph 4                            below; |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | such affiliate commissions received by the Media Corp                            Group pursuant to an agreement between Gaming Corporation N.V. and                            Virtue Fusion NC relating to the “Betsure” white label and                            paid to, and received by, the Buyer in accordance with Clauses 9.7 and                            9.8; |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) |  

                              |
|--------|-------|--------------------------------------------|

|   | (A) | (prior to the issue of the Game Account Notice (as such                            term is defined in Clause 9.10)) such affiliate                            commissions received by theMedia Corp Group                            pursuant to the agreement dated 11 February2005                            between Media Corporation Plc (formally Gaming CorporationPlc) and Game Account Global Limited relating to the                            white-labelledprovision of skill-games and paid                            to, and receivable by, the Buyer inaccordance                            with Clauses 9.9 and 9.10; and |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|        | (B) | (following the issue of the Game Account Notice) the Game                        AccountRevenue (as such term is defined in Clause                        9.9) which would havebeen received by the Media Corp                        Group pursuant to the agreementdated 11 February                        2005 between Media Corporation Plc (formallyGaming                        Corporation Plc) and Game Account Global Limited relatingto the white-labelled provision of skill-games had that                        agreementremained in place; and                                                                              |

|   | (iv) | affiliate commissions receivable by the Earn-Out                            Business (including affiliate commissions receivable pursuant to the                            Business Contract). |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | In order to determine the Average Monthly Revenue the                            Earn-Out Accounts shall be adjusted so as to exclude: |
|-----|----------------------------------------------------------------------------------------------------------------------------------------|

39

----

Schedule 6 : Determination of the Average Monthly                Revenue 

|   | **(**i) | commissions payable by gambling.com; |
|--------|---------|--------------------------------------|

|   | (ii) | the revenues received by the Buyer (or any member of the                            Buyer’s Group) pursuant to the New Game Account Agreement (as                            such term is defined in Clause 9.10); and |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | any revenues attributable to other assets owned by the                            Seller. |
|--------|-------|-------------------------------------------------------------------------------------------|

| 3 | **Determination of Average Monthly                            Revenue** |
|---|-------------------------------------------------------------------------|

| (a) | The Buyer shall, within 20 Business Days following the                            preparation of the Earn-Out Accounts, deliver a copy to Media Corp (the                            “Average Monthly Revenue Statement”.) |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Unless Media Corp notifies the Buyer in writing within                            20 Business Days after receipt of the Average Monthly Revenue Statement                            that it does not accept that the Average Monthly Revenue Statement has                            been properly determined, Media Corp shall be deemed to have accepted                            the Average Monthly Revenue Statement and the Average Monthly Revenue                            shall finally and conclusively be determined to be the amount stated in                            the Average Monthly Revenue Statement. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | During the Earn-Out Period, the Buyer will keep up to                            date an, on reasonable notice to the Buyer, make available to Media                            Corp and its representatives the books and records relating to the                            Business during normal office hours and co-operate with them with                            regards to the review of the Earn-Out Accounts and Average Monthly                            Revenue Statement. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | If, within the period of 20 Business Days referred to in                            paragraph 3(b), Media Corp notifies the                            Buyer in writing that it do not accept the Average Monthly Revenue                            Statement, Media Corp and the Buyer shall use all reasonable endeavours                            to reach agreement as to the Average Monthly Revenue, and if the                            parties reach agreement the relevant Average Monthly Revenue shall                            finally and conclusively be determined to be the amount so                            agreed. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e) | If: |
|-----|-----|

|   | (iii) | the Buyer shall fail to prepare the Average Monthly                            Revenue Statement and deliver a copy of the same to Media Corp in                            accordance with paragraph (a) above; or |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | Media Corp and the Buyer are unable to reach agreement                            in accordance with paragraph 3(d) within a further period of 10                            Business Days (or such later date as may be agreed between Media Corp                            and the Buyer) |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

the matter shall be referred for final settlement to an independent            chartered accountant (the “**Independent            Accountant**”) nominated jointly by Media Corpand the Buyer, or failing such nomination within 10 Business Days,            nominated at the request of either of them by the President for the time being of the            Institute of Chartered Accountants in England and Wales or any successor            institute.

| (f) | The Independent Accountant shall be instructed to                            determine the Average Monthly Revenue having regard to the provisions                            of this Schedule and to report within 28 days (or such longer period as                            the Independent Accountant shall require) of his appointment and shall                            act as an expert and not as an arbitrator. The decision of the                            Independent Accountant in relation to the amount of the Average Monthly                            Revenue |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

40

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Schedule 6 : Determination of the Average Monthly                Revenue 

|   | shall (in the absence of fraud or manifest error) be final                        and binding on the parties. The parties shall bear the costs of the                        Independent Accountant in such proportions as he determines. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (g)    | The Buyer and Media Corp shall:                                                                                                                                                                                                           |

|   | (i) | disclose (and, if appropriate, the Independent                            Accountant) all relevant facts and information (or, if appropriate, the                            Independent Accountant) necessary for the proper determination of the                            Average Monthly Revenue; and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | promptly give (and, if appropriate, give to any                            Independent Accountant) all information, assistance and access to books                            of account, documents, files and papers which the other party may                            reasonably require. |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (h) | Notwithstanding any other provision contained in this                            Agreement, all payments of Additional Consideration shall be made by                            the Buyer in full without set off, counterclaim or similar                            proceedings. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4 | **Maintenance of InterCasino, Parbet or PlayboyGaming                            embedded link on www.casino.co.uk** |
|---|----------------------------------------------------------------------------------------------------------------------|

| (a) | One of Intercasino, Parbet or PlayboyGaming (at the                            Buyer’s option) will have a permanent link at the top of the                            Gambling.com feed. This will be hardcoded onto the site but made to                            look like it is part of the listings.  |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | One of Intercasino, Parbet or PlayboyGaming (at the                            Buyer’s option) will also receive 50 per cent. of the Top Banner                            inventory per month. The Intercasino**, Parbet or PlayboyGaming                            banners will be served in rotation with other                            advertisers.** |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

41

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Schedule 7 : Transitional Services for            Casino.co.uk

**Schedule 7**

**Transitional Services for Casino.co.uk**

| 1 | **Fully train Buyer’s staff on all software                            programs used to operate the portals.** |
|---|----------------------------------------------------------------------------------------------------------------------|

| (a) | Campaign Management |
|-----|---------------------|

| (b) | Content Management |
|-----|--------------------|

| (c) | Ad Campaign Reports |
|-----|---------------------|

| (d) | Affiliate Programs |
|-----|--------------------|

| (e) | Newsletter Programs |
|-----|---------------------|

| (f) | Web traffic reports |
|-----|---------------------|

| (g) | Tracking Marketing |
|-----|--------------------|

| 2 | **Overall Site Management - under direction of the                            Buyer:** |
|---|----------------------------------------------------------------------------------------|

| (a) | Portal Content |
|-----|----------------|

|   | (i) | Maintain relationships with contributors |
|--------|-----|------------------------------------------|

|   | (ii) | Continue to perform all daily/weekly updates |
|--------|------|----------------------------------------------|

| (b) | Hosting on servers operated by the Sellers until the                            Buyer decides to transfer to its own servers: |
|-----|-------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | The Portals; and |
|--------|-----|------------------|

|   | (ii) | The Portal Management Software. |
|--------|------|---------------------------------|

| (c) | Maintain and repair (as necessary) the Portal Management                            Software. |
|-----|-----------------------------------------------------------------------------------------------|

| 3 | **Ad Sales - under direction of the                            Buyer:** |
|---|-------------------------------------------------------------------------|

| (a) | Renew current advertisers |
|-----|---------------------------|

| (b) | Maintain contact with all clients (past and                            present) |
|-----|---------------------------------------------------------------------------------|

| (c) | Expand current base of clients |
|-----|--------------------------------|

| 4 | **Future Development - Devise and recommend to the                            Buyer:** |
|---|----------------------------------------------------------------------------------------|

| (a) | New content and features within the portals. |
|-----|----------------------------------------------|

| (b) | New means of capturing visitor data to add to                            database. |
|-----|------------------------------------------------------------------------------------|

| (c) | Web development opportunities. |
|-----|--------------------------------|

42

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Schedule 7 : Transitional Services for            Casino.co.uk

| 5 | **Marketing - to provide to the portals using the                            services of Sellers online media company and gambling.com                            division** |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a) | Online media inventory at the same volume of impressions                            as in the average month in the 12 months preceding. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Full page advertisements for each of casino.co.uk,                            findpoker.co.uk, findpoker.com findpoker.eu, got2bet.co.uk and                            got2bet.com, in each issue of gambling.com magazine printed magazine,                            for the 12 month period following Completion. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6 | **To allow the purchaser on behalf of casino.co.uk or                            findpoker.com to send a printed mail piece or an email to the                            circulation database of gambling.com. The Buyer will pay the print and                            postage cost of the mail piece and email creation.** |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7 | **Call Centre** |
|---|-----------------|

| (a) | To provide a telephone service for consumers **of                            the white labelled instant and skill-based games, should they require                            technical support.** |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8 | **Provision of a Portal Management Software “user                            book” by the Sellers** |
|---|-----------------------------------------------------------------------------------------------------------------|

43

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Schedule 8 : Portal Management            Software

**Schedule 8**

**Portal Management Software**

| 1 | **Casino Index** |
|---|------------------|

| (a) | **Casino Information** |
|-----|------------------------|

|   | **•** | Page displaying information about a particular                            advertisers site. |
|--------|------------|---------------------------------------------------------------------------------------------|

**Casino name and Logo**

|   | **•** | Displayed on the advertisers casino specific page on the                            site and any Play For Real categories |
|--------|------------|---------------------------------------------------------------------------------------------------------------------------|

The***URL Display***field enables a neat url to be used for display only.

The***Tracking url***for campaign tracking purposes.

**Logo Picture**- 90x60 Advertisers            logo.

**Logo tracking URL**for tracking the logo            separately

**Casino Operator and Support**

Details of an advertisers operator information,licence and email            support.

**Software**

Advertisers must specify whether their casino is:

Download

Non-download

**Payment Options**

List of Payment Methods offered by the advertiser.

**Descriptions**

Short Description: Max 350 characters including spaces

Long Description Max 800 characters including spaces.

| (b) | **Promotions** |
|-----|----------------|

**Casino Index**

The Casino Index area is divided into 6 sections.

|   | **•** | Promotion |
|--------|------------|-----------|

|   | **•** | Competitions, |
|--------|------------|---------------|

|   | **•** | Play in Pounds, |
|--------|------------|-----------------|

|   | **•** | Multi Lingual, |
|--------|------------|----------------|

44

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|   | **•** | Deposit Bonus |
|--------|------------|---------------|

|   | **•** | Non Cash Prizes. |
|--------|------------|------------------|

A casino may provide up to 30 words in each section.

| 2 | **Account Details** |
|---|---------------------|

**Account Balance**

Displays advertisers campaign balance and the last 5            transactions

**Contact**

Contact details of the advertiser.

| 3 | **Games** |
|---|-----------|

List of Games provided by advertiser.

**Adding a game**

Click ‘Add’ button to list a game.

**Removing a game**

Press ‘Remove’ next to the name of the game that is no            longer available.

**Special Offers**

Max 18 characters of text including spaces and a link.

| 4 | **Banners** |
|---|-------------|

Option to upload 10 banners per banner area. Banners are served on equal            rotation.

**Flash Ads**

The same rules and restrictions apply on Flash ads as on the regular            image ads, however several other rules unique for only flash ads apply:

| (a) | For the banner to function properly you need to                            implement a clickTAG variable that is fetched from the system URL. This                            clickTAG is defined inside the Flash ad when a user clicks on a button                            or the entire banner. Explanation on how to do this is available                            below. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | The clickTAG must be set to open in a new window.                            (target = _new) |
|-----|----------------------------------------------------------------------------------------------|

| (c) | Event sounds are allowed, but notice it must be when the                            user interacts with the banner, moving the mouse cursor over it,                            clicking a button or a similar action to this. Sounds upon loading the                            ad or sounds occurring after time delay or anything that does occur                            without the visitors interactions is not allowed. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | No extreme blinking backgrounds/texts/objects to get the                            users attention. |
|-----|------------------------------------------------------------------------------------------------------|

| (e) | The Flash ad must use a minimum of Flash version                            4. |
|-----|--------------------------------------------------------------------------------|

45

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| (f) | FSCommands are not supported. |
|-----|-------------------------------|

| (g) | Max 12 frames per second. |
|-----|---------------------------|

**Creating a Flash Ad**

In order for the clicks to be recorded on flash banners a clickTAG needs            to be inserted.

**Creating a clickTAG**

| (a) | Make a button, either a transparent one over the entire                            ad or a specific one of your choice. |
|-----|-------------------------------------------------------------------------------------------------------------------------|

| (b) | Insert the following actionscript: |
|-----|------------------------------------|

|   | on (release) { |
|--------|----------------|

|   | getURL(clickTAG,                            “_blank”); |
|--------|--------------------------------------------------------------------|

|   | } |
|--------|---|

This actionscript means that when a visitor clicks the banner the            variable “clickTAG” will be fetched from the URL loading the flash ad and            open it in a new window.

| (c) | Test the movie with the code above, but make sure you do                            it on a server since it’s not for certain it will work                            locally. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | Submit for approval. |
|-----|----------------------|

**Campaign Rules**

There are several rules that apply on ads on the Casino.co.uk Network.            They are as follows:

| (e) | The banner must stand out, it can not melt into the                            design the page it’s viewed on. |
|-----|----------------------------------------------------------------------------------------------------------------------|

| (f) | No offensive material such as pornography, racial or                            similar. |
|-----|------------------------------------------------------------------------------------------|

| (g) | GIF, JPEG, Flash and 3rd party ad code is                            acceptable |
|-----|---------------------------------------------------------------------------------|

| (h) | Casino.co.uk reserves the right to disable any campaign                            or aspect of campaign without notice. |
|-----|--------------------------------------------------------------------------------------------------------------------------|

**Editing a Campaign**

To upload a new banner click on the “Banner” link, click            Upload and then browse for the image. Click Save.

If you are uploading a flash image it is advised that you also upload an            alternative gif for those users that do not have flash enabled.

Set the banner to Active and it will be live on the Casino.co.uk site            within a few minutes.

**Ad Sizes**

Banners should not exceed the file size limit.

| 300x150 |
|---------|

46

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| Size in pixels:    | 300 wide, 150 high |
|--------------------|--------------------|
| Maximum file size: | 25 Kb              |

             

| 468x60             |
|--------------------|
| Size in pixels:    | 468 wide, 60 high |
| Maximum file size: | 15 Kb |

             

| 125x200            |
|--------------------|
| Size in pixels:    | 125 wide, 200 high |
| Maximum file size: | 16kb |

| **6** | **Specials** |
|-------|--------------|

Up to 30 words max.

| **7** | **Screenshots** |
|-------|-----------------|

Images required:

1x (300x225) lobby image

2X (147x111) games images.

| 8 | **Press Room** |
|---|----------------|

For an advertisers press releases.

**Adding a Press Release**

Click the ‘New’ button on the Press Room page.

Paste Text

Press Save

**Editing a Press Release**

Click on the title in the Press Room & edit text.

Press Save

**Removing a Press Release**

Select Disabled in the editor screen.

47

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| 9 | **Statistics** |
|---|----------------|

Choose either to view your Banner or Index statistics. Select the areas            that you wish to be included in the results pages, select the date range, then click on            Generate Report.

**Definitions**

**Banners:**All images that are currently live            on the Casino.co.uk site.

**Index:**The text areas of the site including            full index, casino specific page and offers listing.

**Impressions:**Impressions are the number of            times a banner has been shown

**Clicks:**The number of times a visitor has            clicked the banner/copy

**Click Rate:**The click rate (CTR) described            in percent how many times the ad has been clicked on in proportion to how many times it            has been viewed. Formula: (clicks/impressions) x 100= CTR

48

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EXECUTION PAGE

| EXECUTED and DELIVERED as a DEED by**MEDIA CORPORATION PLC**acting by two directors or one director and the company                            secretary

                              | ))

)

                             

Director

                             

                             

Director/Secretary |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

             

             

| EXECUTED and DELIVERED as a DEED by**XWORKS (UK) LIMITED**acting                            by two directors or one director and the company secretary

                              | ))

)

                             

Director

                             

                             

Director/Secretary |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

             

             

| EXECUTED and DELIVERED as a DEED by**GAMING PORTALS LIMITED**acting by two directors or one director and the company                            secretary

                              | ))

)

)

                             

Director

                             

                             

Director/Secretary |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|

----

             

| EXECUTED and DELIVERED as a DEED by**JUSTIN DRUMMOND**in his                            capacity as Covenantor in the presence of:

                             

                             

                             

Name of Witness:

                             

Signature of Witness:

                             

                             

Address:

                             

Occupation:

                              | ))

                             

                             

                             

                              |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|

             

| EXECUTED and DELIVERED as a DEED by**JASON DRUMMOND**in his                            capacity as Covenantor in the presence of:

                             

                             

                             

Name of Witness:

                             

Signature of Witness:

                             

                             

Address:

                             

Occupation:

                              | ))

                             

                             

                             

                              |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|

             

             

----