Document:

ON- AND OFF-TRACK BETTING LICENSE AGREEMENT

THIS LICENSE AGREEMENT is made as of the 7th day of October,
1999,

BETWEEN:

     RACINGO INVESTMENTS LTD.,
     a company incorporated under the laws of the State of
     Delaware
     (hereinafter called the "Licensor")
                                        OF THE FIRST PART

     -and-

     PLAYANDWIN, INC.,
     a corporation incorporated under the laws of the State of
     Nevada,
     (hereinafter called "PWIN")
                                        OF THE SECOND PART

                          WHEREAS  the Licensor is the  Exclusive
licensee of certain intellectual property rights and know-how  to
a   pari-mutuel  bingo-type  wager  game  known  as  RACINGO  and
variations  thereof, as more fully described in  this  Agreement,
pursuant  to a licence (the "Master License") granted by P.E.S.T.
Creative  Gaming  Corporation, PacCanus Inc., and  Winning  Games
Inc.  (collectively known as the "Master Licensors")  on  October
7th, 1999;

     AND  WHEREAS the Licensor desires to grant to PWIN a license
to  use  or  sub-license  the use of said  intellectual  property
rights and know-how, as more fully described in this Agreement;

     AND WHEREAS PWIN desires to receive a license to use or sub-
license  the use of such intellectual property rights and  agrees
to pay a fee for such rights pursuant to the terms and conditions
set forth in this Agreement;

      AND THEREFORE, in consideration of the foregoing, which are
a  part  hereof,  and  of  the mutual  covenants  and  agreements
hereinafter set forth, the parties agree as follows:

1.   1.   DEFINITIONS

(a)  "Dollars" or "$" shall mean United States dollars.

(b)  "Effective Date" shall mean the 7th day of October, 1999.

(c)   "Jackpot" shall mean the pool or pools of funds, funded  in
  accordance  with  this  Agreement and the  RACINGO  game  rules
  attached hereto as Schedule "B", from which prize moneys will be
  disbursed to winners in the RACINGO game in accordance with the
  RACINGO rules attached hereto as Schedule "B".

(d)   "Licensed Off-Track Betting Establishment" shall  mean  any
  betting establishment which provides facilities for betting  on
  horse  or  greyhound races and which is duly  licensed  by  the
  relevant governmental authority in the jurisdiction in which it
  is located.

(e)   "Licensed  Product"  shall mean the  intellectual  property
  rights and know-how of the Licensor identified under the  terms
  "RACINGO", "RACINGO Copyrights", "RACINGO Patent" and  "RACINGO
  Trademarks"  below as they apply to On- and Off-Track  wagering
  utilizing RACINGO, the RACINGO Patent, the RACINGO Copyrights and
  the  RACINGO Trademarks, and shall specifically not include the
  previously licensed products and venues identified in  Schedule
  "C" hereto.

(f)  "Licensor" shall mean Racingo Investments Ltd..

(g)    "Master   Licence"  shall  mean  the  licence   over   the
  intellectual  property  rights and  know-how  of  the  Licensor
  identified  under  the  terms "RACINGO", "RACINGO  Copyrights",
  "RACINGO Patent" and "RACINGO Trademarks" below granted by  the
  Master  Licensors to Racingo Investments Ltd. on  October  7th,
  1999.

(h)   "Master  Licensors"  shall mean  P.E.S.T.  Creative  Gaming
  Corporation, PacCanus Inc. and Winning Games Inc..

(i)   "Offer"  shall have the meaning set forth in  Section  8(b)
  below.

(j)   "On-  and  Off-Track" shall mean any  betting  or  wagering
  method  owned  or  operated by a horse racing track,  greyhound
  racing  track  or  Licensed  Off-Track  Betting  Establishment,
  including but not limited to on-track betting via mutuel tellers
  and  SAM  machines, track-owned OTB parlors, or track telephone
  account betting, which channels wagers into that tracks primary
  pari-mutuel pool.

(k)   "PWIN's Right of First Refusal" shall have the meaning  set
  forth in Section 8(b) below.

(l)   "RACINGO" means the pari-mutuel bingo-type wager  game  and
  lottery identified by the RACINGO Trademarks and all associated
  RACINGO  Copyrights, know-how, intellectual property and  other
  materials utilized in the execution of the RACINGO game as held
  by  the  Licensor, including United States Patent No. 5,518,239
  issued  to  William  H. Johnston on May 21, 1996,  regarding  a
  lottery racing sweepstakes game, which patent has been licensed
  to  Licensor, and also including the RACINGO game developed  by
  P.E.S.T.  Creative  Gaming  Corp. that  was  test  marketed  in
  Connecticut,  the rules and regulations of which  are  appended
  hereto as Schedule "B".

(m)   "RACINGO Copyrights" means the copyright assets more  fully
  identified   in  Schedule  "D"  hereto,  and  their  respective
  documentation.

(n)   "RACINGO Trademarks" means the trademark RACINGO  owned  by
  Winning in the United States and the subject of his application
  to  register the trademark, Application No. 75/331,278; and the
  Canadian trademark RACINGO (the subject of an application by PEST
  to  register  the trademark, application number  767,826),  the
  Canadian trademark SUPER RACINGO (the subject of an application
  by PEST to register the trademark, application number 767,827),
  the Canadian trademark RACINGO HORSHOE DESIGN (the subject of an
  application by PEST to register the trademark, application number
  856,030),  the Canadian trademark RACINGO GOIN' BIG  TIME  (the
  subject  of  an application by PEST to register the  trademark,
  application  number856,029), and the Canadian  trademark  SULKY
  DESIGN  (the subject of an application by PEST to register  the
  trademark,  application number 767,828), all owned by  PEST  in
  Canada;  and the European trademark RACINGO owned by PEST,  the
  subject  of  an application by PEST to register the  trademark,
  application   number  642,728,  which  trademarks   have   been
  exclusively licensed by William H. Johnston and P.E.S.T. Creative
  Gaming Corp. to Licensor.

(o)   "Territory" shall mean the territory of Canada, Mexico  and
  the  United States of America including the State of Hawaii but
  not   including  any  overseas  territories,  dependencies   or
  protectorates, nor any venue identified in Schedule "C" hereto.

2.   GRANT OF LICENSE

(a)  The Licensor hereby grants PWIN an exclusive right to use or
  sub-license the use of the Licensed Product in connection  with
  and  to  facilitate On- and Off-Track wagering,  including  the
  manufacture, marketing and sale of merchandise branded with the
  RACINGO Trademarks.

(b)   The Licensor hereby grants PWIN an exclusive licence to use
  or  sub-license the use of the RACINGO Trademarks in connection
  with the advertising, promotion, and sale of the Licensed Product
  in  the Territory throughout the term of this agreement, and to
  sell merchandise branded with the RACINGO Trademarks other than
  On-Line  (as  that  term  is defined in Schedule  "C"  hereto),
  provided that any use of the RACINGO Trademarks (including by a
  licensee  of  PWIN)  shall be subject to  the  quality  control
  provisions set out in subsection 4(c)(xi) of this Agreement.

(c)   The  Licensor  hereby grants PWIN the  exclusive  right  to
  display, reproduce, copy, transmit or license works covered  by
  the RACINGO Copyrights in connection with the Licensed Product,
  and  the  exclusive right to create derivative works  from  the
  RACINGO  Copyrights  for use in connection  with  the  Licensed
  Product, provided that such use (including use by a licensee of
  PWIN) shall be subject to the quality control provisions set out
  in subsection 4(c)(xi) of this Agreement.

(d)  The rights granted in subsections 2(a), 2(b), and 2(c) above
  include the right to manage, develop, market, promote and create
  derivative  works of the Licensed Product, provided  that  such
  rights are subject to the quality control provisions set out in
  subsections  4(c)(xi)  and 4(c)(xii)  of  this  Agreement.  Any
  derivative  works  so  created including  improvement  patents,
  software, copyrights, trademarks and all right, title  interest
  thereto  shall enure to and be assigned to the Licensor  or  as
  directed by the Licensor as required by the Master License.

(e)   The  Licensor  expressly acknowledges and agrees  that  the
  exclusive license granted above precludes the Licensor's use or
  licensing  of  the Licensed Product in connection  with  or  to
  facilitate On- and Off-Track wagering throughout the  Territory
  throughout the term of this Agreement. The Licensor retains the
  right  to use or to license the use of the Licensed Product  in
  connection with any goods, services and activities other than On-
  and Off-Track wagering in the Territory.

(f)  Notwithstanding subsections 2(a) to 2(d) above, the Licensor
  grants no license or right thereunder that it is not licensed to
  grant under the Master License.

(g)   PWIN  acknowledges that the Licensor retains all rights  to
  the  Licensed Product provided hereunder, subject to the Master
  License, and that the licence granted by the Licensor herein does
  not convey any proprietary interest in the Licensed Product  to
  PWIN other than the license as specified herein.

3.   PAYMENT

(a)   PWIN  shall pay the Licensor for the rights to the Licensed
  Product  granted hereunder in accordance with the  formula  and
  pursuant to the terms set forth in Schedule A below.

(b)  PWIN shall maintain complete, clear, accurate records of all
  payments  received by PWIN, its affiliates, or any other  party
  with  whom it has contracted in regard to the RACINGO  game  in
  connection with its use of the Licensed Product.  Such  records
  shall  be  maintained by PWIN relating to  PWIN's  use  of  the
  Licensed  Products.  The Licensor shall have the right  at  its
  expense  to  have an inspection and audit of all  the  relevant
  accounting and sales books and records of PWIN conducted by  an
  auditor reasonably acceptable to all parties. Such audit shall be
  performed  under strict confidentiality pursuant to  a  written
  agreement  consistent with the confidentiality obligations  set
  forth in Section 7 below.  Any such audit shall be conducted only
  upon reasonable written notice during normal business hours.

4.   REPRESENTATIONS, WARRANTIES AND CONVENANTS

(a)   Each party represents, warrants and covenants to the others
that:

       i.   It is a corporation duly organized, validly existing and in
        good standing under the laws of the state or province or country
        of its incorporation and has all requisite power and authority to
        enter into and perform its obligations under this Agreement;

       ii.  This Agreement when executed will become the legal, valid
        and binding obligation of the party which shall be enforceable
        against the party in accordance with its terms, except as
        enforceability may be limited by bankruptcy,  insolvency,
        reorganization and other similar laws relating to the rights of
        creditors generally;

       iii. To the best of each party's present knowledge, there is no
        material action, suit or proceeding pending against it nor, to
        the best of its knowledge; threatened against it which is likely
        to materially adversely affect its performance of its obligations
        hereunder, nor, to the best of its knowledge, are there any
        existing acts or conditions which are reasonably expected to be a
        proper basis for any such action, suit or proceeding;

       iv.  This Agreement creates no agency relationship between the
        parties hereto, and nothing herein contained shall be construed
        to place the parties in the relationship of partners or joint
        venturers, and neither party shall have the power to obligate or
        bind the other in any manner whatsoever; and

       v.   It is not insolvent or bankrupt.

(b)  The Licensor represents, warrants and covenants to PWIN that
to the best of the Licensor's present knowledge:

       i.   The Licensed Product shall perform in accordance with its
        written specifications, if any;

       ii.  The Licensor is the exclusive licensee of the entire and
        unencumbered exclusive license in and to the RACINGO Trademarks
        and has the full right to use, license, and protect its rights in
        the RACINGO Trademarks for the term of this Agreement;

       iii. The Licensor is the exclusive licensee of the entire and
        unencumbered exclusive license in and to the RACINGO Copyright
        and has the full right to use, license, and protect its rights in
        the RACINGO Copyrights for the term of this Agreement;

       iv.  The Licensor is the exclusive licensee of the entire and
        unencumbered exclusive license in and to the Licensed Product,
        including the RACINGO Patent, and has the right to grant PWIN the
        licence to use the Licensed Product free of any liens, claims or
        encumbrances for the term of this Agreement, and there is no
        litigation pending against the Licensor which would limit,
        restrict or prevent PWIN quiet use and enjoyment of the Licensed
        Product;

       v.   applications to register the RACINGO Trademarks have been
        duly made and are in good standing under the laws of  the
        jurisdictions where they have been applied for, and the Licensor
        hereby agrees to register said trademarks and maintain them in
        good standing under all applicable laws;

       vi.  The RACINGO Patent has been duly applied for by and issued
        to Winning Games Inc. by the relevant authorities, is owned by
        Winning Games Inc., and remains in good standing;

       vii. The RACINGO Copyrights have been duly registered and are in
        good standing under the laws of their respective jurisdictions as
        set out in Schedule "D" hereto;

       viii.     To the best of the Licensor's knowledge, aside from the
        possible infringement with regard to a bingo betting game called
        Bingo Bet being conducted in Arkansas, and the software developed
        by Autotote Systems Inc. for P.E.S.T. Creative Gaming Corporation
        for a computer application of RACINGO, no person or company is
        infringing on the Licensor's right, title and interest in and to
        the RACINGO Trademarks, RACINGO Copyrights, RACNGO Patent or the
        Licensed Product in the Territory, and the Licensor's use of the
        RACINGO Trademarks, RACINGO Copyright or the Licensed Product in
        the  United  States and Canada does not infringe  on  the
        intellectual property rights of any other person or company;

       ix.   The  Licensor shall indemnify and hold PWIN and  its
        directors, officers and employees harmless from and against any
        losses, damages and expenses with respect to any claim, action or
        proceeding taken or threatened by any person, firm, corporation
        or other entity relating to the business of the Licensor or
        relating to any breach by the Licensor of any provisions of the
        Agreement;

(c)  PWIN further represents, warrants and covenants that:

       i.    PWIN will not challenge the Licensor's or the Master
        Licensors' rights in and to the RACINGO Trademarks, RACINGO
        Copyrights, RACINGO Patent or Licensed Product during the term of
        this Agreement and for a period of two (2) years thereafter;

       ii.   PWIN agrees that it will not during the term of this
        Agreement, or for a period of two (2) years thereafter, challenge
        the license or any rights of the Licensor or the Master Licensors
        in and to the RACINGO Trademarks, RACINGO Copyrights, RACINGO
        Patent or Licensed Product, or attack the validity of this
        license;

       iii. PWIN further agrees that upon the expiry of the RACINGO
        Patent it will continue to use the Licensed Product and the
        patented matter contained therein only pursuant  to  this
        Agreement, or, in the event this Agreement is terminated,
        pursuant to a license from the Licensor or its Master Licensors;

       iv.  PWIN shall develop, as soon as is reasonable, practical
        business and marketing plans for On- and Off-Track RACINGO, and
        shall use commercially reasonable efforts to promote  and
        facilitate the commercial and financial viability of On- and Off-
        Track RACINGO;

       v.   PWIN shall, using commercially reasonable efforts, continue
        to develop the business and marketing plans for On- and Off-Track
        RACINGO to place itself in a situation to take advantage of
        opportunities in the On- and Off-Track gaming market.  PWIN shall
        report on its efforts to the Licensor on a quarterly basis, and
        annual consultation meetings shall be held between PWIN and the
        Licensor  for  the purpose of reviewing and planning  the
        development of On- and Off-Track RACINGO;

       vi.  PWIN assumes the risk as to the quality and performance of
        any software which has been or will be created by PWIN or on its
        behalf for the facilitation and operation of the Licensed
        Product;

       vii.  PWIN shall indemnify and hold the Licensor  and  its
        directors, officers and employees harmless from and against any
        losses, damages and expenses with respect to any claim, action or
        proceeding taken or threatened by any person, firm, corporation,
        governmental or regulatory body (of any level of government) or
        other entity relating to the business of PWIN or relating to any
        breach by PWIN of any provisions of the Agreement;

       viii.     PWIN will identify itself as an authorized licensee of
        the Licensed Product (including the patents contained therein)
        and of the RACINGO Trademarks, RACINGO Patent and RACINGO
        Copyrights, and not as the owner of the Licensed Product, RACINGO
        Copyrights or the RACINGO Trademarks;

       ix.  during the term of this Agreement, PWIN shall be considered
        a "related company" to the Licensor and the Master Licensors for
        the purpose of establishing and maintaining rights in the RACINGO
        Trademarks and any new marks developed by PWIN for use in
        connection with the Licensed Product, and all rights in these
        marks shall enure to the benefit of the Licensor and the Master
        Licensors;

       x.   PWIN will pay any and all sales and use taxes levied or
        based upon the price of the Licensed Product and the license fees
        payable related to the Licensed Product;

       xi.  PWIN shall use the RACINGO Trademarks only in connection
        with the Licensed Product and in a manner which complies with the
        standards of quality and service which are usual for and are
        followed by PWIN in offering and providing similar services,
        which standards of quality are hereby expressly acknowledged,
        affirmed and adopted by Licensor as being acceptable standards
        for the offering, sale, provision and use of the Licensed
        Product.  Licensor shall have the right to examine the nature and
        manner in which PWIN offers and provides the Licensed Product to
        ensure material conformity with these standards of quality.

       xii. PWIN agrees to maintain the quality of the advertising,
        promotion, and packaging of the Licensed Product at a level
        consistent with the quality of the Licensor's present use,
        advertising, promotion and packaging thereof, which quality
        standards have been mutually agreed upon by the Parties.  Said
        quality standards shall be reviewed and, if agreed by the
        Parties, amended once per year on each anniversary of the
        Effective Date. At each such review, PWIN shall provide to the
        Licensor samples of all advertising, promotion or packaging
        materials used in the preceding year or proposed to be used in
        the following year.  In the event said samples do not conform
        with the accepted standards of quality and use, Licensor shall
        advise PWIN, which will take reasonable steps to conform its use
        of the RACINGO Trademarks or the Licensed Product to these
        standards.  If Licensor does not advise PWIN of any  such
        nonconformity within forty-eight (48) hours of its receipt of
        said materials for inspection, this will constitute express
        acceptance of and acknowledgement that the materials conform to
        the aforesaid standards.  When using the RACINGO Trademarks or
        the Licensed Product under this Agreement, PWIN agrees to comply
        substantially with all laws pertaining to the use of trademarks
        in force in the Territory.

       xiii.     PWIN agrees to assist Licensor, at the Licensor's
        expense, to the extent necessary, in the procurement of any
        protection or registration for the RACINGO Trademarks or the
        Licensed Product, or to protect any of Licensor's rights to the
        RACINGO Trademarks or the Licensed Product. If PWIN so desires,
        Licensor shall commence or prosecute any claims or  suits
        necessary to protect the RACINGO Trademarks or the Licensed
        Product and the Parties' rights thereto, either in its own name
        or in the name of PWIN or with PWIN joined as a party thereto.
        The  Parties  shall notify each other in writing  of  any
        infringements or imitations by others in the RACINGO Trademarks
        or the Licensed Product for goods or services which are the same
        as or similar to those covered by this Agreement which may come
        to either Party's attention.  PWIN shall not institute any suit
        or take any action on account of any such infringements or
        imitations without first obtaining the written consent of the
        Licensor so to do, which consent shall not be unreasonably
        withheld.

       xiv. PWIN shall provide a minimum of $3,000,000 for funding of
        the market launch of the Licensed Product once a sufficient
        number of horse-racing tracks, with an aggregate annual betting
        volume of $5,000,000,000, have agreed to participate in the
        launch or to host On- and Off-Track RACINGO. If PWIN determines
        that more capital is needed for bona fide business expansion,
        PWIN shall be solely responsible to make it available.

       xv.  PWIN shall:

        (1)   establish  a permanent office in the United  States
        of America;
        (2)   employ,  at its own expense, such personnel as  are
               necessary to carry out PWIN's duties hereunder;
        (3)   negotiate  and prepare contracts with horse  racing
               tracks, greyhound racing tracks, and Licensed Off-
               Track  Betting Establishments in the Territory  to
               allow  the  use  of the Licensed Product  at  said
               tracks and betting establishments; and
        (4)   pay  all  out-of-pocket  expenses  related  to  the
               market  launch of the Licensed Product,  including
               expenses  incurred by the Licensor and the  Master
               Licensors that have been pre-approved by PWIN.

       xvi.  PWIN  shall seed and maintain a minimum  Jackpot  of
        $1,000,000.  All Jackpots will be co-mingled where commercially
        feasible and permitted by law.

(d)  Except as expressly provided in this agreement, the Licensor
and  PWIN  make  no warranty, express or implied,  including  any
warranty  of merchantability or fitness for a particular purpose,
with respect to the rights to the Licensed Product or the RACINGO
Trademarks granted hereunder including any warranties  which  may
be  implied by the United Nations Convention on Contracts for the
International Sale Of Goods, which implied warranties are  hereby
specifically excluded.

5.   INTELLECTUAL PROPERTY INDEMNITY

(a)   During the term of this Agreement, the Licensor will defend
  and hold PWIN harmless from any claim, suit or proceeding brought
  against PWIN based on a claim that the Licensed Product, RACINGO
  Copyrights or RACINGO Trademarks or PWIN's use of the  Licensed
  Product, RACINGO Copyrights, or RACINGO Trademarks infringes any
  third party's trademark, copyright, patent or other intellectual
  property right, or misappropriates a third party's trade secrets
  ("Claim"), and PWIN shall provide all reasonable information and
  assistance requested by the Licensor (at the Licensor's expense)
  to handle the defence or settlement of any such Claim.

(b)    If   the   Licensed  Product  is  held  to   infringe   or
  misappropriate  the rights of any third party and  its  use  is
  enjoined, or the Licensor reasonably believes such use may become
  enjoined, the Licensor may, at its own expense and at its option,
  within a commercially reasonable time frame: (i) procure for PWIN
  the right to continue use of the Licensed Product, (ii) replace
  the   Licensed  Product  with  a  non-infringing   product   of
  substantially equivalent function or (iii) modify the  Licensed
  Product  so  it  becomes  non-infringing without  substantially
  detracting  from  its function.  If none of  the  foregoing  is
  reasonably acceptable to PWIN and the use of the Licensed Product
  enjoined, PWIN may terminate the Agreement, and PWIN shall cease
  use of the Licensed Product.

(c)   Licensor  shall  defend  and hereby  agrees  to  hold  PWIN
  harmless against any claims, suits or proceedings arising solely
  out  of  the  use  by  PWIN of the RACINGO Trademarks,  RACINGO
  Copyrights or the RACINGO Patent as authorized in this Agreement,
  and PWIN shall provide all reasonable information and assistance
  required by the Licensor (at the Licensor's expense) to  handle
  the defence or settlement of any such claim, suit or proceeding.

(d)   During  the  term of this Agreement PWIN shall  defend  and
  hereby  agrees  to hold Licensor harmless against  any  losses,
  including any damage awards, the cost of litigation and attorney
  fees, incurred by reason of any claims by third parties against
  Licensor  based  on or involving PWIN's advertising,  offering,
  sale,  performance, or use of the Licensed Product or any other
  goods or services under the RACINGO Trademarks.

(e)   The  foregoing states the Licensor's entire  liability  and
  PWIN's sole and exclusive remedy with respect to any infringement
  or misappropriation of any patent, trademarks, trade secrets or
  other intellectual property rights of any third party by PWIN.

6.   LIMITATION OF LIABILITY

In  no event shall any party be liable to the other party for any
indirect,  special  or consequential damages  including,  without
limitation,  those  based  on  loss  of  business  opportunities,
whether  or not the Licensor or PWIN had or should have  had  any
knowledge,  actual or constructive, that such  damages  might  be
incurred.    Notwithstanding  anything  to  the   contrary,   the
limitations of liability set forth in this section will not apply
to  (i)  a  breach by the Licensor or PWIN of the confidentiality
obligations set forth in section 7 below resulting in a  material
adverse effect on PWIN, (ii) fraud, acts of gross negligence,  or
wilful  misconduct, or (iii) the indemnification obligations  set
forth in section 5 above.

7.   CONFIDENTIALITY

(a)   The  Licensor acknowledges and agrees that the  information
  PWIN  has  provided  or  will provide in connection  with  this
  Agreement,  including,  without  limitation,  the   terms   and
  conditions of this Agreement, are and shall be confidential and
  proprietary to PWIN.  Such confidential information includes, but
  is  not  limited  to,  any information of any  kind  whatsoever
  regarding PWIN's business.  The Licensor agrees not to  use  or
  disclose to any third party the confidential information of PWIN
  with the prior written consent of PWIN.  Moreover, the Licensor
  agrees  to  restrict  dissemination of particular  confidential
  information to only those persons in its organization who  must
  have  access to such confidential information in order for  the
  Licensor to perform its obligations under this Agreement.   The
  Licensor's   obligations  with  regard  to   any   confidential
  information shall not apply in respect of such information that
  (i) PWIN authorizes the Licensor to disclose to third parties by
  prior written authorization, (ii) is or becomes available in the
  public domain, other than by an act or omission of the Licensor
  or any employee, agent or other person acting for or on behalf of
  the  licensor, (iii) is lawfully acquired by the Licensor  from
  another  source without restriction or (iv) is  ordered  to  be
  disclosed by a court, administrative agency or other governmental
  body  with jurisdiction over the parties, provided the licensor
  will first have provided PWIN with prompt written notice of such
  required disclosure and will take reasonable steps to allow PWIN
  to seek a protective order with respect to the confidentiality of
  the  information required to be disclosed.  The  Licensor  will
  promptly  cooperate  with and assist PWIN  in  connection  with
  obtaining such protective order, at PWIN's expense.

(b)   The  Licensor shall cause each employee or third  party  to
  whom the Licensor discloses confidential information in order to
  perform  its  obligations hereunder to abide by  the  foregoing
  confidentiality provisions.

(c)   Upon the termination of this Agreement, the Licensor  shall
  promptly return such confidential information (and any  copies,
  extracts and summaries thereof) to PWIN or, with PWIN's written
  consent,  shall promptly destroy such confidential  information
  (and  any  copies,  extracts and summaries thereof)  and,  with
  respect to electronically stored copies, delete such records from
  any storage unit.

(d)   PWIN  acknowledges  and  agrees that  the  information  and
  Licensed  Product the Licensor has provided or will provide  in
  connection  with this Agreement, including, without limitation,
  the  terms  and conditions of this Agreement, contain  and  are
  confidential  and  proprietary  information  belonging  to  the
  Licensor.  Such confidential information includes, but  is  not
  limited to, any information of any kind whatsoever regarding the
  Licensor's business.  PWIN agrees not to use or disclose to any
  third party the confidential information of the Licensor without
  the prior written consent of the Licensor. Moreover, PWIN agrees
  to restrict dissemination of particular confidential information
  to only those persons in its organization who must have access to
  such confidential information in order for PWIN to perform their
  obligations under this Agreement.  PWIN's obligations with regard
  to  any confidential information shall not apply in respect  of
  such  information  that  (i) the Licensor  authorizes  PWIN  to
  disclose to third parties by prior written authorization, (ii) is
  or becomes available in the public domain, other than by an act
  or omission of PWIN or any employee, agent or other person acting
  for or on behalf of PWIN (iii) is lawfully acquired by PWIN from
  another  source without restriction or (iv) is  ordered  to  be
  disclosed by a court, administrative agency or other governmental
  body with jurisdiction over the parties, provided that PWIN will
  first have provided the Licensor with prompt written notice  of
  such required disclosure and will take reasonable steps to allow
  the  Licensor  to seek a protective order with respect  to  the
  confidentiality  of the information required to  be  disclosed.
  PWIN  will  promptly cooperate with and assist the Licensor  in
  connection  with  obtaining  such  protective  order,  at   the
  Licensor's expense.

(e)   PWIN  shall cause any employee or third party to whom  PWIN
  discloses  confidential information in  order  to  perform  its
  obligations hereunder to abide by the foregoing confidentiality
  provisions.

(f)   Upon the termination of this Agreement, PWIN shall promptly
  return  such confidential information (and any copies, extracts
  and  summaries thereof) to the Licensor or, with the Licensor's
  written  consent,  shall  promptly  destroy  such  confidential
  information (and any copies, extracts and summaries thereof) and,
  with respect to electronically stored copies, delete such records
  from any storage unit.

(g)   The  restrictions in this section 7 shall  continue  for  a
  period of two (2) years after the termination of this Agreement.

8.   TERMINATION

(a)  The term of this Agreement shall begin on the Effective Date
  and  shall  continue  for a period of ten  (10)  years,  unless
  terminated earlier pursuant to this Section 8.  Such term shall
  automatically  renew, at PWIN's discretion, for  an  additional
  period  of ten (10) years on the same terms save this right  of
  renewal.

(b)   The Parties may by mutual agreement extend the term of this
  Agreement beyond the twenty years provided for in subsection 8(a)
  above.   If  the Parties are unable to agree on new  terms  and
  conditions for any further renewal term, the Licensor agrees to
  give PWIN written notice of any bona fide offer by a third party
  to  license the Licensed Product received by the Licensor, with
  such  notice to include the terms of such offer (the  "Offer").
  PWIN  shall then have thirty (30) days from its receipt of such
  notice  to  elect to match the Offer ("PWIN's  Right  of  First
  Refusal").  If PWIN elects not to match the Offer or  fails  to
  respond  to the Licensor within thirty (30) days, the  Licensor
  shall be free at that time to pursue a license arrangement with
  such third party.  If a license arrangement with such third party
  is  not entered into by the Licensor, any subsequent bona  fide
  offers by third parties to license the Licensed Product received
  by the Licensor shall be subject to PWIN's Right of First Refusal
  described above.  If PWIN elects to match an Offer, the parties
  shall  promptly negotiate in good faith a definitive  agreement
  which incorporates the terms of such offer.

(c)   If  one  or  more of the following events of default  shall
  occur, the non-defaulting party shall have the right to terminate
  this Agreement:

i.   A  party  breaches  any material term or condition  of  this
     Agreement  in any material respect, and such breach  remains
     uncured  or  no  steps have been taken to cure  such  breach
     within  ninety  (90)  days after the  defaulting  party  has
     written notice of such uncured breach; or

ii.  PWIN  applies  for  or  consents to  the  appointment  of  a
     receiver,   trustee  or  similar  office  for  it   or   any
     substantial  part  of its property or assets,  or  any  such
     appointment is made without such applications of consent  by
     such  party and remain undischarged for a period  of  ninety
     (90) days; or

iii. PWIN consents to the institution of a petition, application,
     answer,  consent,  default or otherwise of  any  bankruptcy,
     insolvency  or  reorganization and any  such  proceeding  as
     instituted  against  such party remains undischarged  for  a
     period of ninety (90) days; or

iv.  PWIN  fails  to  satisfy  its  payment  obligations  to  the
     Licensor,  as  more  specifically  detailed  in  Schedule  A
     hereto,  and  such  payment obligation  remains  outstanding
     sixty  (60)  days  after the defaulting  party  has  written
     notice of such outstanding debt;

  provided that if there is a dispute as to the applicability  or
  application  of  this  section, this  Agreement  shall  not  be
  terminated   until  the  final  decision  of  the   arbitrators
  provided  for  in subsection 9(m) hereof has been delivered  to
  the Parties.

(c)   In  the  event this Agreement is terminated for an  uncured
  material breach of its terms, including the events of default set
  out in subsection 8(d) above, the licenses granted in section 2
  hereof shall terminate forthwith, PWIN's Right of First Refusal
  shall be null and void, and  PWIN shall have no further right to
  continue to use the Licensed Product or the RACINGO Trademarks.

(d)   Upon the termination of this Agreement for any reason,  (i)
  the  terminating  party shall promptly return  or  destroy  all
  confidential information pursuant to Section 7 above  and  (ii)
  PWIN shall pay the Licensor all fees and expenses due and owing
  at the time of such termination.

(e)   Neither the Licensor or PWIN shall be considered in  breach
  of  this  Agreement or liable for any expense, loss  or  damage
  resulting from delay or prevention of performance caused by any
  act  beyond its reasonable control, including if such  lack  of
  control is related to acts of God, strikes, acts of terrorism, or
  any  other  cause whatsoever, whether similar or dissimilar  to
  those  enumerated above, beyond the reasonable control  of  the
  party.   In  the  event of any delay arising by reason  of  the
  foregoing, the time for performance shall be extended  for  the
  duration of the delay.

9.   MISCELLANEOUS

(m)   Notice.  All notices, demands, requests, reports, approvals
  and  other  communications which may be or are required  to  be
  given,  served or sent pursuant to this Agreement shall  be  in
  writing and shall be hand delivered, telefaxed/telecopied to the
  below listed numbers with the originals to follow thereafter or
  sent  by recognized overnight carrier or mailed by first class,
  registered or certified mail, return receipt requested, postage
  prepaid, addressed as follows:

     If to the Licensor:

          Racingo Investments Ltd.
          c/o CorpAmerica Inc.
          30 Old Rudnick Lane
          Dover, Delaware  19901
          USA
          Facsimile:  (302)736-4301

     With an additional copy to:

          Anthony Nimmo
          Marshall, O'Toole, Gerstein
          6300 Sears Tower, 233 South Wacker Drive
          Chicago, Illinois  60606-6042
          Telephone: (312) 474-6300
          Facsimile: (312) 474-0448

     With an additional copy to:

          James G. McPherson
          Aylesworth, Thompson, Phelan, O'Brien
          Suite 3000, Royal Bank Plaza, South Tower
          200 Bay Street, Toronto, Ontario M5J 2J1

          Telephone:  (416)777-4026
          Facsimile: (416) 865-1398

     If to PWIN:

          c/o Stewart Garner
          Playandwin, Inc.

          155 University Avenue, Suite 501

          Toronto, Ontario  M5N 3N5
          Telephone:  (416) 368-6665 ext. 14
          Facsimile:   (416) 368-3870

     With an additional copy to:

          Adam K. Szweras
          Stewart & Associates
          Suite 710, P.O. Box 160
          1 First Canadian Place, 100 King Street West
          Toronto, Ontario  M5H 7C3
          Telephone:      (416) 368-7881
          Facsimile:      (416) 368-7885

  Notices  shall  be effective when properly sent  and  received.
  Any  party can notify the others of an address change  pursuant
  to this notice provision.

(a)   Severability.   In  the  event  any  one  or  more  of  the
  provisions of  the Agreement shall for any reason be held to be
  invalid, illegal or unenforceable, the remaining provisions  of
  this  Agreement   shall  be unimpaired  and  the  parties  will
  negotiate  in  good  faith to substitute a  provision  of  like
  economic intent and effect.

(b)   Relationship of the Parties. The parties to this  agreement
  expressly state and understand that the obligations and  rights
  hereunder in no way constitute them as partners, joint ventures
  or otherwise related in any way and that no party has any power
  to bind or commit the other party in any way to a third party or
  parties under this Agreement. However, during the term of  this
  Agreement, PWIN will shall be considered a "related company" to
  the  Licensor  and  the Master Licensors  for  the  purpose  of
  establishing and maintaining rights in the RACINGO Trademarks and
  any  new marks developed by PWIN for use in connection with the
  Licensed Product.

(c)   Binding Agreement  This Agreement shall be binding upon and
  shall  inure  to the benefits of the parties hereto  and  their
  respective successors and permitted assigns.  It is the explicit
  intention of the parties hereto that no person or entity, other
  than  the parties hereto, is or shall be entitled to bring  any
  action or enforce any provision of this Agreement against either
  of the parties hereto, and that the covenants, undertakings and
  agreements se forth in this Agreement shall be solely  for  the
  benefit of and shall be enforceable only by the parties hereto or
  their respective successors or permitted assigns.

(d)   Assignment. PWIN may assign this Agreement to one of PWIN's
  affiliates or subsidiaries without the consent of the Licensor,
  so  long as PWIN continues to guarantee to the Licensor the due
  performance (including but not limited to the payment of money)
  of PWIN's obligation hereunder by the assignee.  In such a case,
  the  term  PWIN  used  herein shall  include  PWIN's  assignee.
  Otherwise,  neither  the  Licensor nor  PWIN  may  assign  this
  Agreement or any of its rights or obligations hereunder without
  the prior written consent of the other party and any attempted or
  purported assignment, delegation or other transfer in violation
  of this paragraph shall be void.

(e)   Sub-License.  PWIN may sub-license its rights hereunder  to
  the  Licensed  Product, RACINGO Trademarks, RACINGO  Patent  or
  RACINGO Copyrights to any third party without the consent of the
  Licensor, provided that such sub-license shall be on  the  same
  terms and conditions as the license granted herein and subject to
  the quality control provisions set out in subsection 4(c)(xi) of
  this Agreement.

(f)   Amendment; No Waiver.  This Agreement may not  be  amended,
  altered or modified except by an instrument in writing signed by
  both parties.  No failure or delay by any party in exercising any
  right hereunder shall operate as a waiver thereof and no single
  or  partial exercise of any right shall preclude any  other  or
  further  exercise thereof or the exercise of  any  other  right
  hereunder.

(g)   Restriction. This license is solely for the use of  RACINGO
  and the RACINGO Trademarks in On- and Off-Track wagering in the
  Territory.

(h)   Survival.   The  provisions  of  section  1  (Definitions),
  Section 3 (Payment), Section 4 (Representations, Warranties and
  Covenants), Section 5 (Intellectual Property Indemnity), Section
  6 (Limitation of Liability), Section 7 (Confidentiality), Section
  8 (Term/Termination), and Section 9 (Miscellaneous) will survive
  the  termination of this Agreement.  If no survival  period  is
  specified in said sections, the provisions thereof shall survive
  the termination of this Agreement for a period of four (4) years.

(i)   Entire  Agreement. This Agreement and all Exhibits attached
  hereto  set forth the entire understanding of the parties  with
  respect  to the subject matter hereof and supersede  any  prior
  agreements and understandings, both written and oral, which may
  have  existed between the parties with respect to  the  subject
  matter hereof.

(j)   Governing  Law.  The parties agree that this  Agreement  is
  made  in  and  under  the laws of the Licensor's  incorporating
  jurisdiction, but for convenience to both parties this Agreement
  shall  be  governed by the laws of the State of Delaware,  USA,
  which  will be the proper forum for any controversy arising  in
  connection with this Agreement and the courts of which will  be
  the exclusive forum for all such suits, actions or proceedings.

(k)  Counterparts. This Agreement may be executed in counterparts
  which,  taken together, shall constitute one Agreement and  any
  party may execute this Agreement by signing such counterpart.

(l)  Arbitration.   Any dispute, disagreements or conflicts which
  cannot be worked out to a mutually acceptable conclusion between
  the  parties  shall  be submitted to mandatory  binding,  final
  arbitration  under  the  provisions of the  Delaware  Voluntary
  Alternative Dispute Resolution Act.

(m)   Time of the Essence.  Time shall be of the essence of  this
  Agreement.

(n)   Effective on Signing. This Agreement shall take effect upon
  the signing of this Agreement by the appropriate Parties.

  IN  WITNESS  WHEREOF, authorized officers  of  the  undersigned
have  caused this Agreement to be duly executed on their  behalf,
as to the day and year first herein set forth.

                              PLAYANDWIN, INC.

                                                             Per:
                         _____________________________
                                   Stewart Garner

                              RACINGO INVESTMENTS LTD.

                                                             Per:
                    _____________________________
                                   John Hayter

                              RACINGO INVESTMENTS LTD.

                                                             Per:
                    _____________________________
                                   Stewart Garner

                              RACINGO INVESTMENTS LTD.

                                                             Per:
                    _____________________________
                                   William H. Johnston

G:\Corp\P\PWIN\Racingo\Licences to PWIN\License agr landbased
6oct99.doc

                           SCHEDULE A

                         Payment Formula

The  license fee to be paid by Playandwin, Inc. ("PWIN")  to  the
licensor  for  the use of the Licensed Product in  the  Territory
during  the  term  of this Agreement shall be  one  half  of  one
percent (0.5%) of gross revenues derived by PWIN that result from
or are attributable to use of the Licensed Product by PWIN for On-
and Off-Track wagering in the Territory, as further described  by
the following formula:

   License Fee = 0.005 x PWIN Gross Licensed Product Revenues

Licensed  Product Revenues include income derived by  PWIN  from:
(i)   the  sale  of  On-  and  Off-Track  RACINGO  tickets;  (ii)
television  or  promotion rights relating to  On-  and  Off-Track
RACINGO;  and  the sale of merchandise branded with  the  RACINGO
Trademarks and do not include On-Line (as that term is defined in
Schedule "C" hereto) sales of RACINGO or merchandise branded with
the RACINGO Trademarks.  Payment of the fees to the Licensor will
be calculated and paid quarterly by PWIN to the Licensor, with  a
year-end reconciliation.  All fees and accounts payable hereunder
shall  be  due  and  payable  by PWIN  within  thirty  (30)  days
following  the end of such quarter.  The parties acknowledge  and
agree  that PWIN shall pay the fees as directed by the  Licensor.
PWIN shall be notified of such bank account in writing signed  by
the  Licensor, prior to the date the first payment is  due.   Any
substitution of such bank account shall be upon written notice to
PWIN, signed by the Licensor.  Payment by PWIN in accordance with
such instructions shall satisfy the PWIN's obligation to pay  the
licensor  under Article 3 of this Agreement.  All  charges  under
this  Agreement  shall be paid in U.S. dollars  and  exclude  all
taxes  other  than  customs,  duties  or  charges  of  any   kind
(including, without limitation, withholding or value added taxes)
imposed  by  any federal, state or local governmental entity  for
products or services provided under this Agreement.

                          SCHEDULE "B"

                       RACINGO GAME RULES

                          SCHEDULE "C"

                        PRODUCTS EXCLUDED
    FROM THE DEFINITION OF "LICENSED PRODUCTS" IN THE LICENSE
                            AGREEMENT

     The  license  granted  over the Licensed  Products  in  this
     Agreement shall not include any intellectual property rights
     and  know-how  of  the Licensor identified under  the  terms
     "RACINGO",   "RACINGO  Patent",  "RACINGO  Copyrights"   and
     "RACINGO  Trademarks"  as they apply to  wagering  utilizing
     RACINGO,  the  RACINGO Copyrights, RACINGO  Patent  and  the
     RACINGO Trademarks in or delivered by the following venues:

     (i)   any  cruise  ship, other than one  travelling  on  the
     Mississippi river;
(ii) any     betting     establishment     located     on      an
     Indian/Native/Aboriginal/First Nations reserve;
     (iii)      any  in-flight betting establishment,  owned  and
     operated by an airline;
(iv) any  bingo  hall or group of bingo halls linked by  a  local
     area  network,  duly  licensed by the relevant  governmental
     authority of the jurisdiction in which it is located;
(v)  On-Line RACINGO (previously licensed product); or
(vi) In-Home RACINGO;

     all  of  which  are sometimes collectively  referred  to  as
     "Other Venues".

     "On-Line" shall mean via the Internet, by which is meant the
     worldwide  network  of  computers  commonly  understood   to
     provide some or all of the following features, among others:
     electronic  mail,  file  transfers  through  File   Transfer
     Protocol,  Telnet  access  to local  and  remote  computers,
     UseNet Newsgroups, Gopher access to information on local and
     remote  computers, Wide Area Information Servers, and  World
     Wide  Web  access.  "Internet"  shall  mean  the  world-wide
     network of computers commonly understood to provide some  or
     all  of  the  following features, among  others:  electronic
     mail,  file transfers through File Transfer Protocol, Telnet
     access  to  local  and remote computers, UseNet  Newsgroups,
     Gopher  access to information on local and remote computers,
     Wide  Area  Information Servers, and World Wide Web  access.
     "In-Home"  shall  mean  within  the  private  residence   of
     individuals residing in the territory delivered  by  The  TV
     Games  Network, through its existing wagering platforms  (as
     to be agreed upon between PWIN and the Licensor).

                          SCHEDULE "D"

                       RACINGO COPYRIGHTS

<TABLE>
<S>                     <C>                 <C>
TITLE                   COUNTRY             REGISTERED
Sulky and Rider         Canada              Jan.     20,
                                            1995
Racingo Game Card       Canada              Jan. 20, 1995
Racingo Rules           Canada              Feb. 23, 1995
Racingo Races Card      Canada              Sept. 11, 1996
Racingo    Rules    and Canada              Sept. 11, 1996
Regulations
Racingo  In  The  Money Canada`             Sept. 11, 1996
Card
Super Racingo Race Card Canada              Sept. 11, 1996
Racingo  Play  for  the Canada              Sept. 11, 1996
Day Card
Sulky and Rider         U.S.                Jan. 24, 1995
Racingo Rules           U.S.                Jan. 24, 1995
Racingo    Rules    and U.S.                Sept. 24, 1996
Regulations
</TABLE>SOFTWARE  DEVELOPMENT AGREEMENT FOR
                     THE PLAYANDWIN WEB SITE

                            BETWEEN:

                        PLAYANDWIN, INC.

                             - and -

                  INTERNET SPORTS NETWORK INC.

             made as of the ___ day of January, 2000

          THIS  SOFTWARE DEVELOPMENT AGREEMENT FOR THE PLAYANDWIN
WEB SITE is made as of the ___ day of January, 2000.

          BETWEEN:

                         PLAYANDWIN, INC.,
                         a corporation incorporated under
                         the laws of the State of Nevada

                         (herein referred to as "PlayandWin")

                                                OF THE FIRST PART

                         - and -

                         INTERNET SPORTS NETWORK INC.,
                         a  corporation  incorporated  under  the
laws of the
                         State of Florida,

                         (herein referred to as "ISNI")

                                               OF THE SECOND PART

          WHEREAS  PlayandWin  and ISNI wish  to  enter  into  an
Agreement  whereby  ISNI  would  create  and  establish   certain
contests or games necessary to implement the project set  out  in
the Scoping Document;

          NOW   THEREFORE  this  Agreement  witnesseth  that   in
consideration of good and valuable consideration, the receipt and
sufficiency  of which is hereby acknowledged, the parties  hereto
agree as follows:

          ARTICLE 1 - DEFINITIONS

1.1  In  this  Agreement,  the following  terms  shall  have  the
     following meanings respectively ascribed thereto:

(1)  "Acceptance   Period"  means  a  certain  period   of   time
     commencing on satisfactory completion of each of the milestones
     set out in the Schedule of Deliverables as more particularly
     defined in Article 8;

(2)  "Acceptance Testing" means the procedures to be followed by
parties hereto and the independent testing firm retained and paid
by PlayandWin as more particularly set out on Schedule "A" to
this Agreement;
(3)  " Affilliate" shall mean any corporation or entity that
controls, is controlled by or is under common control with a
Party, as the context indicates;
(4)  "Agreement" means this agreement and the Schedule appended
hereto;
(5)  "Arbitrator" means a person or entity mutually agreed upon
by PlayandWin and ISNI;
(6)  "Article" means an article of this Agreement;
(7)  "Business" means the business of PlayandWin which is the
development, marketing, promotion, sale and operation of a
particular pari-mutuel, `bingo-type' wagering system known as
Racingo, both offline and online. PlayandWin plans to introduce
interactive Internet gambling based games and the marketing and
sale of ancillary products. The first game to be developed is to
be Fantasy Racingo, an online version of the offline game
Racingo;
(8)  "Commencement  Date" means the date on which  ISNI  receives
     written notification from the Escrow Agent that it has received
     the payment contemplated by Section 4.1(a);

(9)  "Confidential Information" means all information received by
     one  party  from the other in connection with  the  Project,
     excluding that information which:

          (i)  is  or  becomes generally available to the  public
               other  than  as  a result of a disclosure  by  one
               party to the other party;

          (ii) was  available  to one party on a non-confidential
               basis  prior to its disclosure by the other party;
               or

          (iii)      becomes  available to one party  on  a  non-
               confidential  basis from a source other  than  the
               other  party,  who  is not otherwise  bound  by  a
               confidentiality agreement with one party or is not
               otherwise prohibited, either by statute or  common
               law,  from  disclosing such information  to  third
               parties.

(10) "Construction and Testing" means the development phase  that
     produces the live interactive version of the Research, Design and
     Creative Concepts  and the testing of the PlayandWin Web Site by
     ISNI;

(11) "Content"  shall  mean  data, text,  information,  graphics,
     Links,  Marks,  and other material, in any  form  or  medium
     whatsoever, and whether owned by PlayandWin or by a third party,
     that is provided or supplied by the PlayandWin to ISNI for use as
     part of the PlayandWin Web Site and Fantasy Racingo;

(12) "Design  Revisions"  means  the revisions  by  ISNI  to  the
     Research, Design and Creative Concepts;

(13) "Force Majeure" means the circumstances where the failure of
     a party to perform its obligations under this Agreement, in whole
     or in part, is caused by an act of force majeure, including, but
     not limited to, an act of God, strike, walkout, public enemy,
     war, civil commotion, riots, judicial or governmental order,
     other requirement of law or any other cause beyond the reasonable
     control of such party;

(14) "   "Intellectual  Property  Claim"  means  an  action   for
     infringement as more particularly described in Section 7.6;

(15) "Link"   shall mean a URL hidden  behind a formatting option
     that may take the form of a coloured item of text (such as a URL
     description), logo, button, banner or image and which allows a
     user to automatically and directly transfer to such other URL,
     that is, to move to or between Internet pages, sites or within a
     document; the term shall also include the act of moving to or
     between such locations as the context may require;

(16) "Mark"  shall mean any trademark, trade name, service  mark,
     design mark, logo, emblem, domain name, URL or other distinctive
     brand  element (whether registered or not) used to  identify
     PlayandWin or ISNI or their respective products or services (as
     the case may be);

(17) "Net Revenue" shall mean gross revenues generated by Playand
     Win or ISNI from advertising, sponsorship or other forms  of
     revenue less any direct third party costs related thereto;

(18) "Fantasy   Racingo  game"  means  the  interactive  fantasy,
     application and gaming system to be designed and developed by
     ISNI for PlayandWin;

(19) "Project" means all of the services to be provided  by  ISNI
     to PlayandWin pursuant to this Agreement and is comprised of the
     following phases; (i) Research, Design and Creative Concepts,
     (ii) Design Revisions, (iii) Construction and Testing, and (iv)
     Deployment;

(20) "Research, Design and Creative Concepts" means the  detailed
     design and testing creative specifications that will by used by
     ISNI  to build the Fantasy Racingo game as more particularly
     described in Section 2.2;

(21) "Schedule of Deliverables" means the services to be provided
     by ISNI to PlayandWin during the Research, Design and Creative
     Concepts phase as identified by milestones, deliverables, budget,
     date  of  completion and payment amount on the  Schedule  of
     Deliverables appended as Schedule "A" to this Agreement;

(22) "Scoping Document" means the document to be prepared by ISNI
and captioned "Scoping Document - Final" dated on or about
Feburary  15, 2000 as mutually amended by PlayandWin and ISNI
setting out the objectives and requirements to design and develop
the Fantasy Racingo game;
(23) "Section" means a section of this Agreement;
(24) "Termination Event" means a circumstance which may
constitute a ISNI default or a PlayandWin default as more
particularly described in Sections 5.2 and 5.3 respectively;
(25) "Year 2000 Compliant" means that neither the performance nor
functionality of the PlayandWin Web Site is affected by dates
prior to, during or after the year 2000 and in particular that
all software,  applications and systems designed and developed by
ISNI for PlayandWin are architected to enable the following
capabilities:
(1)  (i)  Date, data, century recognition;

(2)  (ii) Calculations that accommodate same century, cross
century, multi century formulas and date values;
          (iii)     Date data interface values that reflect and include the
               indication of the century or correctly imply the century;

(3)  (iv)  Year 2000 is recognized as a leap year; provided  that
     all other inter-facing technology designed and developed  by
     parties other than ISNI exchange accurate date and date related
     data with the software applications and systems designed and
     developed by ISNI.

                      ARTICLE 2 - SERVICES

2.1  ISNI Services
     Subject to the terms and conditions of this Agreement and in
     compliance with the time lines specified herein,  ISNI  will
     develop  the Fantasy Racingo game and all related  software,
     applications and systems for the fully functional  operation
     of  the   Fantasy Racingo game in accordance with the  Final
     Scoping  Document.  The games will be operated,  hosted  and
     maintained by ISNI.

2.2  Design and Creative Concepts

     The first phase of the Project shall be the establishment of
     the  detailed design and testing creative specifications and
     visual  representations  that  will  be  used  by  ISNI   to
     construct  the  Fantasy  Racingo game.  In  this  phase  the
     functional  and technical details are addressed on  a  micro
     level  by the interface and technical team of ISNI in  order
     to  determine  the  manner in which  the  applications  will
     function  in the front and back end of the  Fantasy  Racingo
     game. ISNI will complete sufficient research and testing  to
     validate  its design assumptions, methodologies and software
     selection.   Upon  completion of  the  Research  Design  and
     Creative Concepts, PlayandWin and its advisors shall approve
     in  writing,  the  "look and feel" characteristics,  graphic
     user  interface,  Content,  Links,  artistic  elements   and
     specifications,   such  approval  not  to  be   unreasonably
     withheld or delayed.

2.3  Experimental Development of a Prototype

     As  part of the Research Design and Creative Concepts phase,
     ISNI  will  provide  a prototype for demonstration  purposes
     only  which will illustrate the functionality and  the  look
     and  feel of the application but will not execute all of the
     functional  aspects of the Project.  PlayandWin acknowledges
     that the look and feel of this prototype may not be the same
     as  the  final  look  and  feel of  the  application.   This
     prototype   shall  be  completed  and  made   available   to
     PlayandWin   within   a   commercially   reasonable   period
     subsequent  to signing of the Agreement but not  later  than
     ninety (90) days from the date of this Agreement.

2.4  Construction and Testing

     The third phase of the Project shall be the construction and
     testing  of  the Fantasy Racingo game in which  the  quality
     assurance  procedures of ISNI will ensure that  the  Fantasy
     Racingo  game operates completely error free in all material
     respects and such quality assurance procedure shall include:

     1)   Unit Testing - as individual components are developed, they
       will undergo testing routines as unique entities;

     2)   System Testing - as soon as the Fantasy Racingo game is
       complete,  each "unit" is integrated and becomes  a  fully
       functional web application and is tested as part of the system;

     3)   Use of Testing - an internal  Fantasy Racingo launch will
       occur upon completion of the system testing.
1.2
     4)   ISNI shall have no responsibility for errors or defects
       arising from interfacing applications, software and systems
       designed and developed by parties other than ISNI.

2.5  Time to Complete

     The   Research,   Design  and  Creative   Concepts,   Design
     Revisions,  Construction and Testing, and Deployment  phases
     of  the  Project shall be completed in accordance  with  the
     milestones  and  timelines  specified  in  the  Schedule  of
     Deliverables.

                ARTICLE 3 - PLAYANDWIN SERVICES

     PlayandWin acknowledges that ISNI's obligations in Article 2
     of this Agreement are expressly conditional upon PlayandWin:

     1)    providing adequate access to all computer systems  and
       software required to complete the Project;

     2)    providing adequate access to all PlayandWin  personnel
       involved with the Project;

     3)   completing all tasks that are assigned to PlayandWin in the
       Final Scoping Document in a timely manner;

     4)    providing  content as specified in the  Final  Scoping
       Document; and

     5)    purchasing on a timely basis all hardware and software
       including, but not limited to, any licenses and support, database
       licenses  and other items identified in the Final  Scoping
       Document.

                   ARTICLE 4 - PAYMENT TERMS

4.1  Payments by PlayandWin

     PlayandWin  shall  pay the amount of the ISNI  fees  as  per
     schedule "B". .

     Ongoing Payments by PlayandWin

4.2  (a)On completion of each milestone, ISNI shall notify the independent
testing  firm  retained and paid by PlayandWin  and  provide  the
independent  testing firm with all relevant materials,  documents
and information with respect to the services rendered by ISNI  in
connection  with  that  milestone. The independent  testing  firm
shall  use  its best efforts to issue a report within  seven  (7)
days and, in any event, no later than fourteen (14) days from its
receipt  of  such materials, documents and information  regarding
its  opinion  as to the number of deficiencies, if any,  and  the
classification of such deficiencies in accordance  with  Schedule
"B".  PlayandWin shall release payments to ISNI within three  (3)
business  days from its receipt of a report from the  independent
testing firm in accordance with Schedule "B".

(b)  If the independent testing firm identifies certain remedial work
that  needs  to  be  performed in order  to  have  the  milestone
satisfactorily completed, ISNI shall undertake such remedial work
or if the independent testing firm does not issue a report within
fourteen  (14) days of its receipt of the aforesaid  notification
from  ISNI,  the  independent testing firm  shall  be  deemed  to
confirm that the milestone has been satisfactorily completed.  In
the  event of a dispute between ISNI and the independent  testing
firm  retained  by PlayandWin, the matter shall  be  referred  to
arbitration and the decision of the Arbitrator shall be final and
binding  upon PlayandWin and ISNI shall comply with the  decision
of the arbitrator with respect to the release of funds;

4.3  Expenses

     In  addition to the fees to be paid to ISNI pursuant to this
     Agreement,  ISNI will also be reimbursed for all  reasonable
     disbursements and expenses that are incurred in  the  normal
     course of the Project, provided that any item of expense  in
     excess  of  two hundred ($200.00) dollars shall require  the
     written   pre-approval  of  PlayandWin.    Such   reasonable
     disbursements and expenses will include, but not be  limited
     to,  reasonable  travel expenses, storage  media,  and  long
     distance  calls  and a one (1%) per cent administrative  fee
     charged  by ISNI on all disbursements and expenses permitted
     by this Section 4.3.

4.4  Invoicing

     ISNI  shall issue the appropriate invoices to PlayandWin  at
     the  appropriate  times  as  Milestones  are  completed   as
     specified in the Scope of Work.  All such invoices shall  be
     payable  by  PlayandWin in accordance with  Section  4.2(b).
     ISNI  shall not invoice PlayandWin for any additional  costs
     that  have not been approved in writing by PlayandWin.   The
     invoices issued by ISNI shall contain detailed time records.
     Amounts  which are outstanding after thirty (30)  days  from
     the date of the invoice will be charged interest at the rate
     of one (1%) per cent per month.

4.5  Taxes

     The  fees  payable  by PlayandWin to ISNI pursuant  to  this
     Agreement are exclusive of federal, provincial, sales,  duty
     or  other taxes now or hereafter levied or imposed  on  such
     fees.  All applicable taxes to be paid by PlayandWin will be
     added  to  the  invoice amount and shown as a separate  line
     item.   It  is acknowledged that no GST shall be  levied  on
     fees  or expenses charged to PlayandWin as PlayandWin  is  a
     non-resident of Canada.

4.6  No Variation from Fees

     ISNI and PlayandWin acknowledge that the fees set out in the
     Schedule  of  Deliverables are intended as fixed  and  final
     costs  except that ISNI may increase such fees by an  amount
     not  to  exceed five (5%) per cent and on completion of  the
     Design  Revisions phase of the Project such fees may not  be
     increased by ISNI by more than five (5%) per cent.

4.7  Arbitrator's Fees

     The  fees of the Arbitrator charged in connection with  this
     Agreement shall be paid exclusively by the party losing  the
     arbitration  as  determined by the Arbitrator.  The  initial
     deposit  of  two thousand, five hundred dollars required  on
     account  of  the  Arbitrator's fees shall be established  by
     each  of PlayandWin and ISNI contributing one thousand,  two
     hundred fifty ($1,250) dollars.

                ARTICLE 5 - TERM AND TERMINATION

5.1  Term

     This  Agreement shall commence on the date of this Agreement
     and  will  continue in effect until terminated  pursuant  to
     Section 5.2 or 5.3.

                               --

pwinf10m
5.2  Termination Event Due to ISNI Default

     Any  one  of  the  following will constitute a  "Termination
     Event" as a result of a ISNI default:
     If  ISNI fails:

(1)  (i)  to substantially perform any of the services set out in
     Article 2 or fails to meet the milestones specified  in  the
     Schedule  of Deliverables or the time periods stipulated  in
     Article 2 by two (2) weeks or more;

(2)  (ii)  to  perform, satisfy or comply with any other material
     obligations, covenants or other provisions contained in this
     Agreement; and in each case, such failure remains unremedied (if
     capable of being remedied) for a period of fourteen (14) days
     after PlayandWin has given written notice thereof to ISNI;
     (iii)If  ISNI fails to perform or is otherwise in breach  of
          its  obligations under this Agreement for an  aggregate
          period  of  sixty  (60) days during the  term  of  this
          Agreement by reason of Force Majeure;
     (iv) The bankruptcy or insolvency of ISNI, the filing against
          ISNI of a petition in bankruptcy, the making of an assignment for
          the benefit of a creditor, the appointment of a receiver, or the
          institution by or against ISNI of any other type of insolvency
          proceeding; and
     (v)  If ISNI shall fail to satisfactorily perform the services or
          make any royalty payments as they come due as contemplated in
          section 10.2 hereof.
5.3  Termination Event Due to PlayandWin Default

     Any  one  of  the  following will constitute a  "Termination
     Event" as a result of a PlayandWin default:

1.2  If PlayandWin fails:

(1)  (i)   to  substantially  perform any of  its  functions  and
     obligations outlined in the Final Scoping Document;

(2)  (ii)  to  perform, satisfy or comply with any other material
     obligations, covenants or other provisions contained in  the
     Agreement;

               and  in  each case such failure remains unremedied
               (if  capable  of being remedied) for a  period  of
               fourteen  (14)  days after ISNI has given  written
               notice thereof to PlayandWin;
               (iii)If   PlayandWin  fails  to  perform   or   is
               otherwise in breach of its obligations under  this
               Agreement  for an aggregate period of  sixty  (60)
               days  during the term of this Agreement by  reason
               of Force Majeure;

               (iv)The  bankruptcy or insolvency  of  PlayandWin,
               the  filing  against PlayandWin of a  petition  in
               bankruptcy,  the making of an assignment  for  the
               benefit  of  a  creditor,  the  appointment  of  a
               receiver,   or  the  institution  by  or   against
               PlayandWin   of  any  other  type  of   insolvency
               proceeding; and

                         (v)If  PlayandWin  fails  to  make   the
                         payments  as  contemplated  by   Section
                         4.1(a)  and  4.1(b)  within  the   times
                         prescribed for such payments.

5.4  Obligations of ISNI upon Termination by PlayandWin

     Upon  the  termination of this Agreement as a  result  of  a
     Termination  Event, as defined in Section 5.2,  ISNI  agrees
     that   it  will  return  all  content  and  other  materials
     belonging to PlayandWin .

5.5  Obligations of PlayandWin upon Termination by ISNI

     Upon  the  termination of this Agreement as a  result  of  a
     Termination  Event,  as defined in Section  5.3,  PlayandWin
     will  be responsible for payment of any unpaid fees to date,
     not  in  dispute,  and any accrued interest  on  outstanding
     amounts.   With  respect to any work  in  progress  for  its
     services rendered by ISNI but not billed to PlayandWin,  the
     Arbitrator shall be requested to make a determination on the
     value  of such work in progress to PlayandWin and PlayandWin
     shall   be  responsible  for  paying  the  amount   of   the
     Arbitrator's determination to ISNI.

5.6  Provisions Which Operate Following Termination

     Notwithstanding  any termination of this Agreement  for  any
     reason  whatsoever, the provisions of Article 6, Article  7,
     Article  10  and  any  other  provision  of  this  Agreement
     necessary  to give efficacy thereto shall continue  in  full
     force and effect following any such termination.

                  ARTICLE 6 - CONFIDENTIALITY

     Each party agrees:

     (a)  except as required by law, to keep for a period of five
          (5) years all Confidential Information confidential and
          not  to disclose or reveal any Confidential Information
          to  any person other than those employed by a party  or
          engaged  on  behalf  of a party who  are  actively  and
          directly  participating in the Project or who otherwise
          need  to  know  the  Confidential Information  for  the
          purpose  of  the Project and to cause those persons  to
          observe the terms of this provision; and

     (b)  not to use the Confidential Information for any purpose
          other than in connection with the Project.

          Each  party will be responsible for its breach  of  the
          terms  of  this provision or the breach by the  persons
          entitled to the Confidential Information referred to in
          paragraph (a) above.

          In  the event that a party is requested pursuant to, or
required by applicable law, or, regulation, or, by legal process,
to  disclose any Confidential Information, such party agrees that
it  will  provide  the  other party with prompt  notice  of  such
request(s)  to  enable  it to seek a protective  order  or  other
appropriate remedy.

          In  addition, unless otherwise required by law, neither
party  nor its representatives will, or without the other party's
prior  written consent, disclose to any person (other than  those
actively   and   directly  participating  in  the  Project)   any
information about the Project, or the terms, conditions or  other
facts relating thereto.

          Each  party  agrees to indemnify and save harmless  the
other   party  from  all  costs,  liabilities  and  any  expenses
whatsoever   arising   from   the  unauthorized   disclosure   of
confidential information contrary to this provision.

          Each  party  acknowledges that  the  other  party  will
suffer  irreparable injury in the event of a breach or threatened
breach  of  this confidentiality provision.  Each  party  further
agrees  that  in such event, the other party shall  be  entitled,
without prejudice to the rights and remedies available to it,  to
equitable  relief, including an injunction to enjoin  any  breach
of,  or,  any threatened breach or, an order to enforce  specific
performance, of any part of this confidentiality provision.

          It  is  further understood and agreed that no delay  or
failure  by  a party in exercising any right, power or  privilege
hereunder shall operate as a waiver thereof, nor shall any single
or  partial  exercise  thereof  preclude  any  other  or  further
exercise  thereof or the exercise of any other  right,  power  or
privilege hereunder.

            ARTICLE 7 - INTELLECTUAL PROPERTY RIGHTS

7.0 Ownership

     ISNI Ownership It is expressly acknowledged and agreed that
     ISNI or its licensors are the owners of all Content of ISNI,
     all ISNI Technology, all deliverables set out in the
     Schedule of Deliverables and in the Scoping Document and all
     other materials created by or for ISNI and incorporated into
     the games and contests provided hereunder (together, the
     "ISNI Intellectual Property") and Play andWin has no right,
     title or interest, whether by way of license or otherwise,
     in the ISNI Intellectual Property except as may be expressly
     provided for in this Agreement.

7.1  Assignment of Intellectual Property Rights

     ISNI shall be the owner of all of the Intellectual Property
     Rights, including, without limitation all developed source
     code and PlayandWin assigns all  Intellectual Property
     Rights to ISNI from time to time immediately on the creation
     of such rights, including, without limiting the generality
     of the foregoing, all development created by  PlayandWin or
     its agents related to the games or contests.  ISNI may in
     its absolute discretion attend to the registration of
     copyright or such other registrations of the Intellectual
     Property Rights that it deems appropriate. PlayandWin agrees
     that ISNI, its assignees and their licensees are not
     required to designate PlayandWin or its employees or
     representatives as the author of any developments.
     PlayandWin hereby waives and will waive and will cause each
     of its employees and representatives to waive in whole in
     favour of ISNI all rights of integrity and other moral
     rights which PlayandWin of its employees or representatives
     may have in the developments in order to permit ISNI to
     modify, edit and incorporate the developments into the ISNI
     Games.

7.2  Non-Compete

     ISNI  shall not use  the proprietary software, applications,
     and systems that has been developed under this Agreement for
     PlayandWin to design or develop software, applications,  and
     systems for a game or contest that are substantially similar
     to  the  Racingo  game for any person, firm  or  corporation
     involved  in  a  business that is directly competitive  with
     PlayandWin's Business as currently carried on as at the date
     of this Agreement.

7.3  License

       During  the term of this Agreement and any renewal hereof,
     ISNI  grants to Customer the right to create Links from  the
     Customer Site to the ISNI Site for purpose of accessing  the
     ISNI  Games  for  its  customers in the  Defined  Territory.
     During  the term of this Agreement PlayandWin grants  a  non
     exclusive  royalty free, irrevocable, perpetual  license  to
     ISNI  to  create Links from PlayandWin's web site to  ISNI's
     server for the purpose of accessing the games, and a license
     to  use,  reproduce, modify, edit, copy,  distribute  and/or
     display the PlayandWin Content in ISNI's games and contests,
     advertising, marketing and promotional material relating  to
     the  ISNI games and contests or any part thereof and on  any
     and all of its website(s).

7.4  Enhancements

     All  enhancements,  modifications and  improvements  to  the
     software, applications and systems designed and developed by
     ISNI for the PlayandWin , shall be owned by ISNI.

7.5  Intellectual Property Indemnification

      Each party agrees to indemnify the other party in the event
     that  any  of  the Content, intellectual property  or  other
     materials   provided  to  the  other  party   infringe   the
     intellectual property rights of any corporation  or  person.
     Each  party  agrees  to  indemnify the  other  and  save  it
     harmless from any and all costs, including reasonable  legal
     costs,   loss   damages,  liability,  claims   and   demands
     (collectively an "Intellectual Property Claim") in excess of
     $100,000  incurred by or made against either  party  to  the
     extent  that either parties's performance of its obligations
     under   this   agreement  infringes  any  such  intellectual
     property  rights.   Each party agrees to  pay  all  damages,
     costs,  and legal fees awarded therein against either  party
     provided that either party promptly notifies the other party
     in writing, of an Intellectual Property Claim.

7.6  Claim for Infringement

     If  the Fantasy Racingo game developed by ISNI is determined
     by  a final judgment of a court of competent jurisdiction to
     constitute an infringement of any other parties intellectual
     property rights and, as a result, the permitted use  of  the
     PlayandWin Web Site is prohibited, ISNI will, in addition to
     honoring the foregoing indemnity in Section 7.5, at its sole
     option and expense, either:

     1.3             1)   procure from the owner of the infringed
               intellectual property rights such intellectual property rights
               for the benefit of PlayandWin;

     1.4             2)    modify the Fantasy Racingo game or the
               infringing part or parts thereof so that it is non-infringing or
               replace same with a substitute of equal quality approved by
               PlayandWin, acting reasonably, provided that the substitute will
               perform substantially to the same or better level of performance
               and functionality; or

          3)   subject to Section 10.2, refund the fees already received
               from PlayandWin for the work performed on the module in which the
               infringement resulted.

7.7  Limit of Liability

     NO PARTY GIVES ANY REPRESENTATIONS, WARRANTIES, COVENANTS
     AND CONDITIONS, EXPRESS OR IMPLIED, INCLUDING WITHOUT
     LIMITATION ANY OTHER IMPLIED WARRANTIES Of MERCHANTABLE
     QUALITY, ANY IMPLIED WARRANTIES OF FITNESS FOR A PARTICULAR
     PURPOSE AND ANY IMPLIED WARRANTIES ARISING FROM COURSE OF
     DEALING OR COURSE OF PERFORMANCE.

In addition not withstanding anything contained in this agreement
each parties liability to the other Party in all other
circumstances shall be strictly limited to direct damages (which,
for greater certainty, shall not include any indirect, third
party, special, incidental, consequential or exemplary expenses,
costs, liability, loss or damage whatsoever (even if that Party
has been advised of the possibility of such damages), not. to
exceed the amounts payable by PlayandWin to ISNI under this
agreement paid preceding twelve (12) months, and in any event,
not more than One Million Dollars ($1,000,000).In no event shall
ISNI be liable whatsoever for any claims relating to the games or
contests, including, without limitation, that any round of the
games or contests has been incorrectly or improperly performed,
or the failure to award a player for winning any round if such
failure was either out of ISNI's reasonable control, including,
if any third party provided ISNI incorrect information, and ISNI
shall not be liable for failing to verify such information.

                 ARTICLE 8 - ACCEPTANCE PERIOD

     Commencing  on  the  date that ISNI notifies  PlayandWin  in
     writing  that it has satisfactorily completed the Deployment
     phase of the Project. PlayandWin's independent testing  firm
     shall   have  one  hundred  and  twenty  (120)   days   (the
     "Acceptance  Period"), to verify that  the  Fantasy  Racingo
     game  is  performing  substantially in accordance  with  the
     specifications set out in the Final Scoping Document and the
     Research,  Design  and Creative Concepts.   If,  during  the
     Acceptance Period, PlayandWin in writing notifies ISNI of  a
     defect, ISNI shall correct such defect within ten (10)  days
     (or  such  longer period of time as may be consented  to  by
     PlayandWin, acting reasonably), at no additional  charge  to
     PlayandWin.

     The  Acceptance  Period will expire at the earlier  of:  the
     date  PlayandWin provides written acceptance of the  Fantasy
     Racingo game;

     1)   one hundred and twenty (120) days following the commencement
       of the Acceptance Period if ISNI has not been notified, in
       writing, of any non-compliance with the PlayandWin Web Site; or

     2)    one  hundred  and twenty (120) days following  written
       notification from ISNI that any defect noted by PlayandWin's
       independent testing firm has been corrected, provided that
       PlayandWin concurs that such defect  has been corrected and that
       ISNI has not been notified of any additional defect.

           ARTICLE 9 - MODIFICATIONS AND MAINTENANCE

9.1  Additions  and  Modifications to  the  PlayandWin  Web  Site
     Content

     ISNI acknowledges that up-dating the contents of the Racingo
     game  agrees  that, upon receiving new or  modified  content
     from PlayandWin, the Fantasy Racingo game will be updated in
     accordance  with  the ongoing maintenance  agreement  to  be
     negotiated between the parties and described in Section 9.3.

9.2  Additional Modifications to Specifications

     ISNI  agrees, within seven (7) days of receiving  additional
     detailed  specifications  from  PlayandWin,  to  provide   a
     quotation  to PlayandWin for each requested function  (other
     than  those already described in Article 2) or modifications
     thereto,  including the elapsed time to  develop,  test  and
     implement   the   requested  functions  and  all   documents
     including  source  code.  Upon acceptance  from  PlayandWin,
     ISNI  agrees to implement such additional specifications  or
     modifications in a prompt and timely fashion,  according  to
     the agreed implementation period set out in the quotation.

9.3  Termination of Maintenance Period

     PlayandWin  acknowledges that ISNI will be relieved  of  its
     obligations  pursuant to this Article 9 if and only  to  the
     extent  that any error, malfunction or defect in the  system
     is  caused  by any action or inaction of PlayandWin  or  any
     software   or   other  intellectual  property  provided   by
     PlayandWin   or  installed  by  PlayandWin  without   ISNI's
     involvement.

        ARTICLE 10 - ADVERTISING AND SPONSORSHIP REVENUE

10.1 Advertising and Sponsorship Revenue

     INSI  shall  have  the  non-exclusive  right  to  sell   all
     advertising and sponsorship on PlayandWin and Affiliate  web
     sites,  subject  to  PlayandWin advertising  guidelines  and
     mutually  agreed  upon  rate  card  rates  .  INSI  and  its
     Affiliates  shall be entitled to retain all advertising  and
     sponsorship Net Revenues generated as a result,  subject  to
     the  royalty payments to PlayandWin set out in section  10.2
     PlayandWin  reserves the right to reject any advertising  or
     sponsorship  which  it,  in  its  sole  discretion,   acting
     reasonably,  determines  is in contravention  of  PlayandWin
     advertising guidelines.

10.2 Royalties to Play and Win

                         INSI  and  its Affiliates shall  pay  an
                         annual  royalty  equal to  twenty  (20%)
                         percent    of   all   advertising    and
                         sponsorship  Net Revenues  generated  by
                         INSI   and   its  Affiliates  sell   all
                         advertising    and    sponsorship     on
                         PlayandWin  and  Affiliate  web   sites.
                         Royalty   payments  shall   be   payable
                         quarterly  within thirty  days  of  each
                         quarter end.

10.3    Royalties to INSI
     Play  and Win and its Affiliates shall pay an annual royalty
     equal   to   twenty   (20%)  percent  of  all   advertising,
     sponsorship or other Net Revenues generated by Play and  Win
     and  its  Affiliates from Fantasy Racingo or the  PlayandWin
     Web site. Royalty payments shall be payable quarterly within
     thirty days of each quarter end.

                 ARTICLE 11 - MUTUAL INDEMNITY

11.1 Indemnification

     Both  during  and  after the termination of this  Agreement,
     each  party shall indemnify and save harmless the other  and
     its  employees, officers, directors, agents and  others  for
     whom  it  is responsible at law, from any and all claims  at
     law  or  in  equity, and expenses relating to those  claims,
     that  may  arise and any loss, cost, expense or damage  that
     the indemnified party may incur or suffer in connection with
     the  subject  matter  of this Agreement  including,  without
     limiting  the generality of the foregoing, a breach  of  the
     confidentiality obligation set out in Article 6,  except  to
     the  extent   that  the  claims are  caused  by  indemnified
     party's own negligence or misconduct.  Provided that  in  no
     event  shall either party be liable to the other for a claim
     for  indemnification in an amount exceeding $1,000,000  plus
     the  total  development costs of the game plus all royalties
     paid  to  INSI.   In  the  interest  of  certainty,  it   is
     acknowledged  and agreed that ISNI shall not be  liable  for
     the  products and services received by PlayandWin from third
     parties   or  the  failure  of  PlayandWin  to  secure   the
     appropriate gaming licenses.

                ARTICLE 12 - YEAR 2000 COMPLIANT

     2.1. Year 2000

     All  applications, systems and software being  designed  and
     developed  by ISNI with respect to this Agreement  are  Year
     2000  Compliant.   ISNI  shall have  no  responsibility  for
     errors  or  defects  arising from interfacing  applications,
     software and systems designed and developed by parties other
     than ISNI that are not Year 2000 Compliant.

                      ARTICLE 13 - GENERAL

13.1 Governing Law

     This Agreement shall be exclusively governed by, and
     construed in accordance with, the laws applicable in the
     Province of Ontario, Canada (without reference to conflicts
     of laws principles).  All courts within the Province of
     Ontario, Canada shall have the exclusive jurisdiction to
     adjudicate any dispute arising out of this Agreement.  Each
     Party hereby: (a) submits and attorns to the exclusive
     jurisdiction of the federal or provincial courts located in
     Toronto, Ontario; and (b) consents to service of process
     being effected upon the other Party by registered mail sent
     to the address set forth in this Agreement; (c) agrees not
     to seek, request, claim or pursue trial by jury; and (d)
     agrees not to seek, request, claim or pursue any right,
     claim or entitlement to any punitive or exemplary damages
     whatsoever.

13.2 Invalidity of Provision

     Any  provision  of  this  Agreement that  is  prohibited  or
     unenforceable  in  any  jurisdiction  will,   as   to   that
     jurisdiction,   be  ineffective  to  the   extent   of   the
     prohibition  or  unenforceability without  invalidating  the
     remaining   provisions   and   any   such   prohibited    or
     unenforceable  provision  will  not  invalidate  or   render
     unenforceable such provision in any other jurisdiction.  For
     any provision so severed there will be deemed substituted  a
     like  provision to accomplish the intent of the  parties  as
     closely  as  possible  to  the  provision  as  drafted,   as
     determined  by  any court or arbitrator having  jurisdiction
     over  any  relevant proceedings, to the extent permitted  by
     the applicable law.

13.3 Entire Agreement

     This  Agreement  and  its  schedule constitutes  the  entire
     agreement  between  the parties pertaining  to  the  subject
     matter  thereof.   There are no warranties,  conditions,  or
     representations  (including  any  that  may  be  implied  by
     statute) and there are no agreements in connection with such
     subject  matter except as specifically set forth or referred
     to   herein.   No  reliance  is  placed  on  any   warranty,
     representation, opinion, advice or assertion of fact made by
     any  party or its directors, officers, employees or  agents,
     except  to  the  extent that the same has  been  reduced  to
     writing and included as a term of this Agreement.

13.4 Independent Contractor

     ISNI   acknowledges  that,  in  performing  the  terms   and
     conditions  set forth in this Agreement, ISNI is working  as
     an independent contractor.  Nothing in this Agreement should
     be  construed as or shall constitute a partnership or  joint
     venture between ISNI and PlayandWin.

13.5 Notices

     Any  notice  to be given hereunder shall be deemed  to  have
     been  duly  given  if reduced to writing, signed  by  or  on
     behalf  of  the  party giving such notice and  delivered  by
     hand,  mailed  by prepaid registered mail or transmitted  by
     telecopier and addressed as follows:

     to PlayandWin :     PlayandWin, Inc.
                    Suite 501
                    155 University Avenue,
                    Toronto, Ontario
                    M5H 3B7

                    Attention:     Stewart Garner, President
                    Telecopier:    (416) 368-3870

     to ISNI:            Internet Sports Network Inc.
                    225 Richmond Street West, Suite 403,
                    Toronto, Ontario
                    M5V 1W2
                    Attention:     Leo Nat
                    Telecopier:    416-599-8228

     Copy to:            Donahue & Partners
                              Barristers and Solicitors
                              Suite 1800
                    222 Bay Street
                    Toronto, Ontario
                    M5K 1H6
                    Attention:     Anthony Kramreither
                    Telecopier:    416-943-2735

     Or  at  such other address or telecopier number as any party
     hereto may have specified in writing and given to the  other
     party.

     Any  notice given by registered mail shall be deemed to have
     been  received by the parties to whom the same is  addressed
     on the fifth (5th) business day following the day upon which
     such notice has been deposited in a post office with postage
     and  cost of registration prepaid.  Any notice given by hand
     or  by  telecopier shall be deemed to have been received  by
     the  parties  to  whom such notice is so  delivered  on  the
     following business day.

13.6 Time

     Time shall be of the essence in this Agreement.

13.7 Currency in United States Funds

     All  references to currency in this Agreement are references
     to lawful currency of the United States.

13.8 Assignment

     This  Agreement  may  not be assigned by  ISNI  without  the
     written  consent  of  PlayandWin.   This  Agreement  may  be
     assigned  by  PlayandWin to a non-arm's  length  corporation
     without  the  consent  of  ISNI,  provided  that  PlayandWin
     remains  jointly and severally responsible with its assignee
     for all obligations under this Agreement.

13.9 Acknowledgement

     ISNI may include a discreet one-line statement to the effect
     that  it  is  the  developer  of PlayandWin's  Web  Site  on
     PlayandWin's Web Site, in a location format to be  specified
     by  PlayandWin, but may include no other mention of its name
     or  services  anywhere else on PlayandWin's  Web  Site.   If
     desired  by  ISNI,  the mention of its name  may  include  a
     hypertext link to its home page.

                                1
                          SCHEDULE "A"

              Description Of Racingo Game and Rules

HOW TO PLAY RACINGO

1.) TO PLAY
Select 3 (three) horses in each of the three designated races to
finish first, second or third or ask for a "quick pick". Then
match the numbers picked on your RACINGO card with the official
numbers of the horses finishing 1st, 2nd, or 3rd, in each of the
designated races. The picks do not have to be in the exact order
of finish for you to mark your card. Multiple cards may be played
simultaneously.
2.) TO WIN

POOL A: Match the numbers of either shaded diagonal line;

POOL B: Match the numbers of the four unshaded squares;

POOL C: Match the numbers to complete the shaded "X";

POOL D: Match all nine numbers on your RACINGO card in any order
in the designated

                 races;

POOL E: Match all nine numbers in the exact order of finish.

3.) LATE SCRATCHES

When a late scratch occurs and it effects your RACINGO card, the
next highest appropriate number will be substituted.

A copy of the rules may be obtained by any patron upon request.
The five game pools will be funded equally from the amounts
wagered.

RULES

1.)  RACINGO is a proposition wager, which is based upon the
  outcome of three designated pari-mutual races. It is played by
  matching the numbers on a RACINGO ticket (see figure 1) with the
  numbers of the betting interests finishing first, second or third
  in the designated races, not necessarily in exact order. RACINGO
  has no connection with any other pool.

2.)  This wager may be places at all ticket-issuing machines and
  may require the use of printed bet slips. The minimum
  denomination of RACINGO tickets will be $2.00. A copy of these
  rules may be obtained by any OTB patron upon request. Notice of
  the availability of these rules will be prominently displayed.

3.)  The takeout for this wager will be twenty-five (25) percent.

4.)  The races, which are part of this wager, will be
  predetermined and will be indicated in the racing information
  provided to OTB patrons. The official results of each leg will be
  based on the official order of finish as posted by the host track
  stewards.

5.)  In the event of a scratch of a betting intest after wagering
  has begun on RACINGO, substitution will be to the next highest
  unused runner available. In the event that the highest runner is
  used or scratched, substitution will proceed via a wrap-around
  method to the lowest numbered runner and come forward until an
  available runner has been reached. Substitution for scratched
  entries will always begin with the lowest numbered scratched
  entry in that leg of the wager. Substitutions will take place
  only after all official scratches have been  posted by the host
  track stewards in the official results of each leg.

Example:

Selection                                     Available Runners

1-9-11    1 2 3 4 5 6 7 8 9 10 11 12

            Scratch 11
xx

            Scratch 12
xx

            Scratch 1                         xx

            1 is substituted with 2

            9

            11 is substituted with 3. The new wager is 2-9-3.

            11-1-9 is replaced with 3-2-9

6.)  If less than three (3) betting interests finish a given leg,
  that leg will be scratched. If a leg is scratched for any reason,
  no additions to the jackpot prizes will be made and that entire
  current RACINGO pool will be refunded. If there are more than 12
  betting interests in a race, 13, 14 etc. will be part of the
  field and will be considered as one betting interest.

7.)  In the event of a dead heat(s) in any of the three legs,
  squares on RACINGO tickets containing any of the dead heated
  entries in that leg shall be considered matching squares. Squares
  containing dead heated entries in the correct order of finish in
  that leg shall be considered exact matching squares pursuant to
  qualification for prize E as detailed below.

8.)  Program numbers are synonymous with saddlecloth numbers.

9.)  Wagering on RACINGO will cease prior to running of the first
  RACINGO leg which is run, regardless of its order on the RACINGO
  ticket.

10.) RACINGO will consist of the following prizes categories (see
  figure 2):

A)   The DIAGINAL

B)    The DIAMOND

C)   The X

D)   The FULL CARD IN ANY ORDER (JACKPOT) (Excluding the FULL
  CARD IN ANY EXACT ORDER)

11.) Determination of Winners- Winners for each prize will be
  determined by matching squares on the RACINGO ticket in the
  patterns as described below (see figure 2):

A)   Matching Squares

  1.)  For Prizes, A, B, C and D a matching square is defined as a
     square which contains the program number of a betting interest
     finishing either first or second or third in that RACINGO leg.
     The order of the betting interest on the RACINGO ticket for that
     race does not need to be exact in order for a given square to be
     a match.

  2.)  For Prize E a matching square is defined as a square which
     contains the program number of a betting interest finishing first
     or second or third in that RACINGO leg in the exact position it
     finished in the race.

B)   Winning Tickets- Winning RACINGO tickets are determined as
  follows:

  1.)  For Prize A- The DIAGONAL- Matching three (3) squares on the
     ticket in one of the following patterns:

     a)   upper left with middle center and lower right, or

     b)   lower left with middle center and upper right

  2.)  For Prize B- The DIAMOND- Matching four (4) squares on the
     ticket in the

     following pattern:

     middle left with upper and lower center and middle right.

       3) For Prize C- The X- Matching five (5) squares on the
ticket in the following

           pattern:

           upper and lower left with middle center and upper and
lower right.

       4) For Prize D- The FULL CARD IN ANY ORDER (Excluding the
FULL CARD IN

           EXACT ORDER) - Matching all squares on the ticket
disregarding the exact order

           of finish for first, second and third in each race.

      5) For Prize E- The FULL CARD IN EXACT ORDER- Matching all
squares on the

          ticket. All selections must appear on the ticket in
exact order of finish for first,

          second and third. In the event of a dead heat(s) for
any position a square will be

          considered an exact match if it contains any of the
betting interests dead heated for

          that position.

Within each prize category all winning tickets will be calculated
as in a Win pool.

Additional matching squares on any winning ticket will be
disregarded.

12)  Each winning ticket will qualify for only one prize based on
  the following order of precedence:

  1)   Prize E

  2)   Prize D

  3)   Prize C

  4)   Prize B

  5)   Prize A

Prize amounts will be based on the pari-mutual distribution of
each prize category. The order of precedence will determine the
prize category in which a particular winning ticket is
calculated.

13)  The net amount if the RACINGO pool will allocated to the
  various prize categories as follows:

  1.   Prize A - 20 percent

  2.   Prize B - 20 percent

  3.   Prize C - 20 percent

  4.   Prize D - 20 percent

  5.   Prize E - 20 percent

The payoff for each prize will be separately calculated on a pari-
mutual basis considering both the number of winning dollars
qualifying for that particular prize and the total amount
allocated to that prize category plus any applicable carryover as
in the case of Prized D and E.

Prizes D and E are separate Jackpot prizes. The pool for each
jackpot prize will consist of the current allocation of the net
RACINGO pool plus applicable carryover, if any. If no winning
tickets are sold for a particular Jackpot pool, 100 percent of
that total pool will then be carried over to the next RACINGO
wager. In the event that there is no pari-mutual ticket properly
issued which correctly designates a winner for a specific lower
prize (A, B or C) the portion of the net pool allocated for that
prize will be divided equally and added to the carryover or
distribution of the Jackpot prizes (D and E).

14)  In the event that the Association decides to discontinue
  this wager, the current pool allocation to the Jackpot prizes
  plus any applicable carryovers will be distributed on a specific
  date chosen by the Association, pending at leas two weeks notice
  to the public, and in the following manner:

  Prize E: If no winning tickets are sold matching all squares
  on the ticket in the exact of finishing for first, second and
  third, the winning payoff for Prize D will be the sum of the
  net pool for Prize E and the net pool from Prize D;

  Prize D: If no winning tickets are sold matching all squares
  on the ticket in the exact order of finish for first, second
  and third for Prize E AND if no winning tickets are sold
  matching all squares on the ticket in any order of finish for
  first, second and third for Prize D, then the net pool from
  Prize E plus the net pool from Prize D will be added to the
  pool for Prize C; should no winning tickets be sold for Prize
  D yet winning tickets should be sold for Prize E, then the net
  pool from Prize D will be added to the net pool for the next
  prize category down the list (C, B or A), based on the order
  of precedence, containing at least one winning ticket, but if
  no winning ticket is sold for prizes C, B or A then the net
  pool for Prize D will be added to Prize E;

  Prize C:  If a winning ticket is sold matching five squares in
  the pattern of upper and lower left with middle center and
  upper and lower right, the winning payoff for Prize C will be
  the sum of the net pool from Prize E, the net pool from Prize
  D and net pool from Prize C; (assumes no winning tickets from
  Prizes E and D).

  If no winning tickets are sold matching five squares in the
  pattern of upper and lower left with middle center and upper
  and lower right for Prize C AND if no winning tickets are sold
  for Prizes E and D then the net pool from Prize E and the net
  pool from Prize D and the net pool from Prize C will be added
  to the net pool for Prize B;

  Prize B:  If no winning ticket is sold matching four squares
  in the pattern of middle left with upper and lower center and
  middle right, for Prize B AND if no winning tickets are sold
  for Prizes E, D and C then the net pool from Prizes E, D, C
  and B will be added to the net pool for Prize A.

  Prize A:  If no winning ticket(s) is sold matching three
  squares on a ticket in either of the following patterns: a)
  upper left with middle center and lower right, or b) lower
  left with middle center and upper right for Prize A, then the
  net pool from Prizes E, D, C, B and A will be paid to all
  ticket holders of the current RACINGO wager.

15)  Quick Pick will be available. Anything NOT marked on a bet
slip will be a Quick Pick number.
                          SCHEDULE "B"

                            Payments

For the purposes of this Agreement, the following shall apply:

Payment for Statement of Work
In consideration of the services performed by ISNI as described
in the Statement of Work, PlayandWin shall pay ISNI as per the
conditions below:

Amount Due                    Date Due

$25,000                  Due upon signing of this Agreement.

$106,650                 Due30 days upon completion of the
                         creative and project specifications by
                         ISNI and their approval by Playand Win.
                         This approval will not be unreasonably
                         withheld or delayed.

$195,525                 Due upon the successful launch of the
                         Fantasy Racingo game software as
                         developed by ISNI.

$53,325                  Due 60 days following the successful
                         launch of the Racingo  game software as
                         developed by ISNI and written approval
                         from Play and Win of successful launch
                         of  the FantasyRacingo game. This
                         approval will not be unreasonably
                         withheld or delayed.

________
$380,000  Total Amount Payable

All amounts in US currency

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