Document:

EXHIBIT 10.3

                        SUBLICENSE AND SERVICES AGREEMENT

            THIS AGREEMENT made as of the 9th day of November, 2006.

BETWEEN:

          GOLDEN PALACE LIMITED,
          a corporation incorporated under the laws of Antigua and Barbuda,

          (hereinafter referred to as "GP")

AND:

          GET21 LIMITED
          a corporation incorporated under the laws of Isle of Man.

          (hereinafter referred to as "GET21")

WHEREAS: GET21 owns several domain names, including but not limited to
www.get21.com and www.get21poker.com (the "URL'S");

AND WHEREAS: GET21 wishes to use the URL's to operate Online Gaming multi-player
blackjack and poker rooms (the "GAMEROOMS");

AND WHEREAS: GET21 wishes to utilize payment processing and back-office services
offered by GP and also wishes to sublicense from GP the multi-player blackjack
and poker gaming software required to operate the Gamerooms;

AND WHEREAS: GP is willing to provide to GET21 the payment processing and
back-office services set out herein and to grant to GET21 a world wide,
non-exclusive, non-transferable sublicense to the object code for such software,
subject to the terms and conditions of this Agreement;

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the respective
covenants and agreements of the parties contained herein, the sum of one dollar
paid by each party hereto to each of the other parties hereto and other good and
valuable consideration (the receipt and sufficiency of which is hereby
acknowledged by each of the parties hereto) it is agreed as follows:

1.   DEFINITIONS. As used herein:

     1.1  "AFFILIATE" means any third party who has entered into an agreement
          with GET21 to promote the URL's;

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     1.2  "AFFILIATE PAYOUT" means the total amount paid out pursuant to
          Affiliate Programs, including administrative costs associated with
          such payouts, including bank wire and bank draft fees and losses due
          to Affiliate fraud and legal and administrative costs incurred by GP
          to address Affiliate fraud;

     1.3  "AFFILIATE PROGRAMS" means any Affiliate, refer-a-friend or similar
          program offered by GET21 with respect to the Gamerooms; for the
          purpose of this Agreement;

     1.4  "BONUSES" means promotional monies offered to Players (as agreed to by
          the parties, acting reasonably) as an incentive to play for real money
          or make more Deposits;

     1.5  "CAGE SOFTWARE" means the software developed and owned by GP, used to
          manage Players' wallets, other financial & marketing activities and
          all additional modules as used by GP and further specified in SCHEDULE
          "C";

     1.6  "COMMENCEMENT DATE" means September 5, 2006;

     1.7  "CONFIDENTIAL INFORMATION" means all information communicated by one
          party to another with respect to its business or technology in any
          format, whether orally, in writing, or visually, including without
          limitation, details about a party's business, its employees, customer
          lists, customer and distributor identities and personal information,
          characteristics and agreements, marketing knowledge and information,
          sales figures, marketing plans and business plans, strategies,
          forecasts, unpublished financial information, budgets, projections,
          programming procedures, source code and object code listings,
          intellectual property, trade secrets, innovations, inventions,
          discoveries, applications, research, improvements, product functions,
          features and specifications, designs, graphics, drawings, prototypes,
          network systems and any other information, communications (written or
          verbal), or procedures that are treated as secret or confidential by a
          party, as well as any information regarding Internet gaming (which
          means games of chance and/or mixed chance and skill upon which an
          individual can wager money or money's worth and which wagers are made
          or effected through the use of the Internet or any similar public or
          private digital or wireless network now in existence or later
          developed, including Intranets, Extranets and Virtual Private
          Networks);

     1.8  "DEPOSITS" means the total amount deposited by Players in order to
          play multiplayer blackjack or poker in the Gamerooms;

     1.9  "FREQUENT PLAYER POINTS" means points awarded to Players in order to
          encourage game play. Points are awarded at the rate of 1 point per 1
          cent of rake generated by the Player, or at any rate agreed to by the
          parties from time to time;

     1.10 "FREQUENT PLAYER POINT REDEMPTION" means exchanging Frequent Player
          Points for entry into tournaments or into other kinds of games, or for
          gift certificates or prizes. Frequent Player Points are valued at 5
          cents per 100 points, or at a rate agreed to by the parties from time
          to time;

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     1.11 "FUNDED TOURNAMENTS" means guaranteed tournaments or freerolls, where
          the Gameroom covers all or part of the prize pool either through cash
          or Frequent Player Point Redemption. The parties agree that the
          contribution to Funded Tournaments shall be calculated based on the
          proportion of Players from each Cage playing in the tournament;

     1.12 "GAMEROOM MANAGEMENT FEES" means GET21's pro-rata share of the
          manpower costs incurred by GP to provide the Gameroom Management
          Services. The pro-rata share shall be calculated every month, for the
          entire month, based on the "unique active money player" statistic that
          is provided by the Cage;

     1.13 "GAMEROOM MANAGEMENT SERVICES" means the services set out in SCHEDULE
          "B" hereto;

     1.14 "ONLINE GAMING" means the presentation of gaming applications via the
          Internet where a participant places a wager on a game or games, the
          outcome of which is uncertain;

     1.15 "SPECIAL PROMOTIONS" means any promotion that is not a regular Bonus;

     1.16 "PAYOUT DEDUCTIONS" means the sum of chargebacks plus chargeback fines
          plus Bonuses plus Player comps/adjustments plus Affiliate Payouts plus
          Funded Tournaments plus Special Promotions (see SCHEDULE "A") plus
          Frequent Player Point Redemption plus Gameroom Management Fees;

     1.17 "PAYOUT RATE" means sixty two percent (62%);

     1.18 "SERVICE FEE" means thirty eight percent (38%) of the Rake;

     1.19 "PLAYERS" means the Online Gaming customers of GET21;

     1.20 "PLAYER SOFTWARE" means the user interface portion of the Software;

     1.21 "RAKE" means the fee charged to Players who participate in Online
          Gaming in the Gamerooms, such fee to be jointly agreed upon by GP and
          GET21 from time to time;

     1.22 "RAKEBACK PROMOTIONS" means any promotions where Players are
          explicitly refunded all or a portion of the Rake that they generate.

     1.23 "SOFTWARE" means the object code version of a computer software
          application that allows multiple users to participate in online
          blackjack and poker games, including any additions, modifications,
          alterations, enhancements and upgrades thereto, and the user interface
          related thereto (i.e. gaming client), as well as the Internet gaming
          server software required to run the foregoing (i.e. gaming server), as
          well as the object code version of the Cage Software;

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     1.24 "SKINS" means a graphic design of the client application (changes of
          colors, logos and artwork)

2.   GRANT OF SOFTWARE SUBLICENSES AND CAGE SOFTWARE LICENSE

     2.1  SUBLICENSE. Subject to the terms and conditions hereof or in
          applicable law, GP hereby grants to GET21 and GET21 accepts from GP, a
          worldwide, non-exclusive, non-transferable sublicense to distribute
          and transmit the Player Software to Players, and to grant to Players
          the right to use the Player Software. GET21 will manage and operate
          its business activities, through itself or through Affiliates and
          "Skins" web sites (the foregoing shall not be deemed to constitute a
          sublicense).

     2.2  CAGE SOFTWARE LICENSE.

          2.2.1 GRANT OF LICENSE. Subject to the terms and conditions hereof or
               in applicable law, GET21 is hereby granted a non-exclusive,
               world-wide, license to use the Cage Software in conjunction with
               the Software in the Gamerooms for the term of this Agreement.

          2.2.2 MAINTENANCE AND UPGRADE. GP shall maintain, support and upgrade
               the Cage Software for use in connection with the Software.
               Maintenance will include, in consultation with GET21, developing
               the Cage Software to work closely with the blackjack and poker
               software, and providing support to GET21. GP will ensure timely
               support and response time consistent with industry standards for
               software support as specified in Schedule "D" attached hereto.
               GET21 may not reject any maintenance or upgrade provided by GP.

          2.2.3 HARDWARE COSTS. Get21 will reimburse GP for the cost of the
               computer hardware required to operate a dedicated instance of the
               Cage Software for the exclusive use of Get21. The cost of the
               hardware is estimated to be Thirty Six Thousand United States
               Dollars ($36,000.00 USD). Upon termination of this Agreement, GP
               will transfer ownership of this hardware to Get21 or its
               designate.

          2.2.4 THIRD-PARTY SOFTWARE COSTS. Get21 will acquire, at its expense,
               the licensed third-party software required to operate a dedicated
               instance of the Cage Software for the exclusive use of Get21.
               This software consists of one license for Microsoft SQL Server
               2005 Enterprise Edition, one license for DataDirect Connect for
               ODBC Linux Edition, three licenses for Microsoft Windows 2003
               Server, one license for Milonic DHTML Menu, and one license for
               MaxMind GeoIP City/ISP/Organization Downloadable Databases. The
               cost of this software is estimated to be Twenty Five Thousand
               United States Dollars ($25,000.00 USD).

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     2.3  SERVERS.

          2.3.1 LOCATION OF SERVERS. Throughout the term of this Agreement, GP
               shall host the blackjack software and Cage Software on servers
               located in jurisdictions chosen by GP. Poker software will be
               hosted in jurisdictions chosen solely by the poker software
               licensor, and GP shall provide written notice to GET21 of any
               change thereto.

          2.3.2 ACCESS TO SERVERS. GET21 shall not have access to any of the
               servers under any circumstances.

3.   OWNERSHIP OF URL'S AND ONLINE GAMING LICENCE

     3.1  TRANSFER OF URL'S TO GP. Forthwith upon execution of this Agreement,
          legal ownership of the URL's shall be transferred to GP. The return
          transfer documents transferring ownership of the URLs back to GET21
          shall be deposited with an escrow agent mutually agreed upon by the
          parties, at GET21's cost and expense. GP shall retain legal ownership
          of the URL's throughout the term of this Agreement. GP acknowledges
          that, forthwith upon termination of this Agreement by either party,
          GET21 will provide notice to the escrow agent (also copied to GP) that
          this Agreement has terminated and, unless said termination is denied
          by GP, the escrow agent shall release the transfer documentation to
          GET21 and GP shall take whatever other steps may be required of it to
          transfer the legal ownership of the URL's back to GET21. For
          clarification, GP can only deny the termination if the agreement has
          not been validly terminated (including if the applicable notice of
          termination period has not yet lapsed).

     3.2  ONLINE GAMING LICENSE. GP warrants and represents that it has obtained
          an Online Gaming license which authorizes the use of the Software for
          the purposes of Online Gaming on the URL's. GP further warrants and
          represents that it will maintain in good standing a gaming license (in
          a jurisdiction acceptable to GP in its sole discretion) throughout the
          term of this Agreement. GP also warrants and represents that its poker
          software licensor has obtained an Online Gaming license which
          authorizes the use of the poker software for purposes of Online Gaming
          on the URL's.

4.   OWNERSHIP OF DATABASE

     4.1  OWNERSHIP OF PLAYER DATABASE. GET21 shall own the database of its
          Players and its Affiliates. This database includes, but is not limited
          to names, addresses, phone numbers and e-mail addresses of GET21
          Players and Affiliates. GP will have no rights to and shall not make
          use of or otherwise exploit GET21's database of Players or afford any
          third party access or any rights in and to such database, without the
          prior written consent and approval of GET21 except to the extent
          necessary to perform GP obligations under this Agreement.

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5.   SERVICES

     5.1  SERVICES TO BE PERFORMED BY GP. GP agrees and GET21 authorizes GP to
          act as the exclusive agent of GET21 in the performance of the
          following services (the "Services"):

          5.1.1 Twenty-four (24) hours per day and seven (7) days per week
               telephone and internet assistance to Players in the download and
               installation of the Player Software, use of purchase and cash-out
               methods, use of the Software to play in the Gamerooms;

          5.1.2 Get21 shall be assigned a separate merchant sub-account under
               which all processing activity will be managed;

          5.1.3 24/7 customer service in the following languages: English and
               Spanish. The service to include all service levels that are
               provided by GP to its players including addressing complaints and
               customer relations with Players;

          5.1.4 Customer services (albeit not on a 24/7 basis) in French, German
               and Hebrew, on a live basis when available and otherwise via
               email;

          5.1.5 Provision of internet facilities for the distribution of Player
               Software to users;

          5.1.6 Provision of purchasing risk and fraud protection services
               related to purchasing as well as a complete analysis of all
               charge-backs and retrievals;

          5.1.7 Standard 7995 coded credit card processing as well as any other
               non-credit card payment methods that are and will be used by GP
               (it being expressly acknowledged that high risk payment
               processing does not form part of the services to be provided
               pursuant to this Agreement);

          5.1.8 Chargeback representation;

          5.1.9 Accounting services;

          5.1.10 Processor reconciliation;

          5.1.11 Hosting of the following servers: (a) the blackjack game
               complex; (b) the GET21 Cage complex and (c) the GET21poker web
               sites and downloads. For clarification GP will not host GET21's
               blackjack web and download servers or any other server;

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          5.1.12 collection services;

          5.1.13 Preparation of all necessary documentation relating to all
               accounting of gaming activity regarding Players;

          5.1.14 Provision of Player development and Player retention services,
               as practiced by GP with its own poker and blackjack players, as
               further described in the attached SCHEDULE "A";

          5.1.15 Administration of GET21's Affiliate Programs (subject to
               GET21's obligations with respect to Affiliate Programs as set out
               in Section 7.3), including:

               (i)  Delivery of specifications for the Affiliate Program to
                    permit GET21 to transfer Affiliate information, including
                    Affiliate address information, payment preferences and
                    payment incentive structure utilizing either pay per
                    purchasing customer (CPA) or revenue sharing brackets from
                    the Affiliate Programs to the financial backend system
                    developed and supported by GP;

               (ii) Provision of reporting to track Players installing the
                    Player Software by Affiliate, campaign and banner using the
                    system of tracking codes described in documentation which
                    will provided by GP to GET21 upon execution of this
                    Agreement;

               (iii) Provision of reporting to calculate Rake generation by and
                    for GET21's Affiliates; and

               (iv) Delivery of payments to GET21's Affiliates on a monthly
                    basis.

          5.1.16 Provision of automated Player gaming auditing on promotions
               approved by GP for use in the Gamerooms;

          5.1.17 Poker gameroom design (the look, feel and content of which
               shall be mutually agreed upon by the parties);

          5.1.18 Gameroom Management Services; and

          5.1.19 Performance of any other act or service necessary in carrying
               out the intent of this Agreement as mutually agreed to between
               the parties from time to time, in writing.

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6.   PAYMENTS

     6.1  COLLECTION OF RAKE. Throughout the term of this Agreement, GP shall
          collect, process and retain all Player Deposits and shall make all
          required payouts to Players.

     6.2  PAYOUT TO GET21. Throughout the term of this Agreement, GP shall pay
          to GET21, from the Rake, a monthly amount equal to the following (the
          "SUBLICENSEE PAYOUT"):

          RAKE X PAYOUT RATE - PAYOUT DEDUCTIONS

     6.3  SERVICE FEE. The Service Fee shall be retained by GP as compensation
          for the sublicense of the Software, the license of the Cage Software
          and the Services.

     6.4  PAYMENT. Within ten (10) days of the end of each month throughout the
          term of this Agreement, GP shall deliver a written statement to GET21
          setting out the calculation of the Sublicensee Payout for the previous
          month. If the Sublicensee Payout is greater than zero ($0.00), payment
          of the Sublicensee Payout shall be made by GP to GET21 no later than
          the 10th day of the month following the month in question by way of
          wire transfer to the account designated in writing by GET21. If the
          Sublicensee Payout is less than zero ($0.00), GET21 shall pay to GP
          the amount by which the Sublicensee Payout is less than zero ($0.00),
          no later than the 15th day of the month following the month in
          question by way of wire transfer to the account designated in writing
          by GP.

     6.5  INACTIVE ACCOUNTS. Any management fees collected in relation to
          inactive Player accounts will be divided between GET21 and GP in
          accordance with the Payout Rate (i.e. 62% to GET21 and 38% to GP). It
          is acknowledged and agreed by the parties that any management fees
          charged to an inactive Player account will be returned to the account
          if that account once again becomes active and, in such a case, the
          returned fees will be deducted from amounts otherwise payable to GET21
          and GP pursuant to this Agreement, in accordance with the foregoing
          split.

     6.6  RECORDS. GP shall maintain complete and accurate records with respect
          to its calculations of the Sublicensee Payout.

     6.7  ONLINE REPORTING. GP shall provide GET21 with 24/7 access to online
          real-time reporting with respect to the Gamerooms.

     6.8  AUDIT. GET21 shall have the right to verify GP's calculation of the
          Sublicensee Payout by appointing an independent third party auditor to
          examine GP's books and records pertaining to this Agreement. Any such
          audit shall be at the expense of GET21 unless the audit reveals an
          underpayment by GP to GET21 of greater than five percent (5%) of what
          should have been paid to GET21 for the period under review, in which
          case the audit shall be at the expense of GP.

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     6.9  TAXES. The Sublicensee Payout shall be inclusive of any and all
          applicable taxes imposed on either GP or GET21 with respect to the
          Sublicensee Payout, save and except for taxes payable by GP on its own
          income.

7.   MARKETING AND PROMOTIONS

     7.1  RESPONSIBILITY OF GET21. It is acknowledged and agreed that all
          marketing and promotional functions with respect to the URL's shall be
          performed by GET21, subject to the terms and conditions contained
          herein. GET21 shall at all times use its best efforts to aggressively
          market and promote the URL's and acquire new Players.

     7.2  MONTHLY PROMOTION PLAN. Each calendar month throughout the term of
          this Agreement, GP shall prepare and the parties shall mutually agree
          upon a promotion plan with respect to the URL's and Gamerooms.

     7.3  SPAM. GET21 covenants and agrees that it and/or its Affiliates will
          not "spam" or otherwise engage in the sending of unsolicited e-mail to
          Players or potential Players. GET21 undertakes to take action against
          any Affiliate in the event of spamming.

     7.4  MARKETING ACTIVITY. Throughout the term of this Agreement, GET21
          commits that all marketing activity it undertakes and all marketing
          activity that is undertaken by its Affiliates and related parties,
          will be in conformance with the regulations of GP's licensed
          jurisdictions. Further, GET21 commits to stop or block specific
          marketing activities within 24 hours of notification by GP that said
          activities contravene the gaming commission regulations.

     7.5  RAKEBACK. The parties agree that Rakeback Promotions will not be
          offered to Players.

     7.6  AFFILIATE PROGRAMS. GET21 covenants and agrees that it shall, at its
          own expense, create Affiliate Program(s) which shall be approved by
          GP, acting reasonably, and which shall:

          7.6.1 allow Affiliates to sign-up and be approved;

          7.6.2 allow Affiliates to manage their own profile information (name,
               address, payment preferences);

          7.6.3 allow Affiliates to select and copy banners complete with
               tracking information; and

          7.6.4 allow GET21 employees to manipulate an Affiliate's profile.

          Notwithstanding anything else contained herein, it is acknowledged and
          agreed that GP shall have the authority to disable, or direct GET21 to
          disable, any Affiliate who is determined by GP, acting reasonably and
          in consultation with GET21, to have participated in or attempted
          Affiliate fraud.

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8.   SUPPORT

     8.1  BLACKJACK TECHNICAL SUPPORT SERVICES. It is agreed and acknowledged
          that GP shall have no obligation to provide technical support services
          to GET21 with respect to the blackjack software.

     8.2  POKER TECHNICAL SUPPORT SERVICES. GP will serve as an interface for
          all technical issues that GET21 has with the poker software.

     8.3  CAGE SOFTWARE SUPPORT SERVICES. GP will directly support GET21 for
          technical issues with the Cage Software as specified in Section 2.2.
          Cage Support Services will be subject to the Service Level Agreement
          detailed in Schedule D.

9.   WARRANTIES, REPRESENTATIONS AND COVENANTS

     9.1  CAPACITY. Each party hereby warrants, represents and covenants to the
          other that it has the necessary capacity and authority to enter into
          this Agreement, and GP hereby represents and warrants to GET21 that it
          possesses sufficient rights and authority to grant to GET21 the
          non-exclusive sublicense contemplated by this Agreement.

     9.2  LIMITATION BY GP. It is acknowledged that the multi-player blackjack
          Software is proprietary to a related company of GET21 and, as such,
          GP's sublicense of the multi-player blackjack Software to GET21 is on
          a completely "as is" basis and without any representations or
          warranties whatsoever.

10.  LIMITATION OF LIABILITY

     10.1 LIMITATION OF LIABILITY: IN NO EVENT WILL GP BE LIABLE FOR INCIDENTAL,
          INDIRECT, SPECIAL OR CONSEQUENTIAL DAMAGES, OR ANY DAMAGES WHATSOEVER
          RESULTING FROM LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN
          CONNECTION WITH THIS AGREEMENT OR THE USE, PERFORMANCE OR DOWNTIME OF
          THE SOFTWARE, OR OTHER GP-PROVIDED MATERIAL WHETHER IN AN ACTION IN
          CONTRACT OR TORT INCLUDING BUT NOT LIMITED TO NEGLIGENCE AND WHETHER
          OR NOT GP HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

     10.2 LIMITATION REGARDING SERVICES: GP SHALL NOT IN ANY WAY BE LIABLE (IN
          CONTRACT OR TORT) FOR INCIDENTAL, INDIRECT, SPECIAL OR CONSEQUENTIAL
          DAMAGES, OR ANY DAMAGES WHATSOEVER RESULTING FROM ANY OF THE SERVICES
          (OR LACK THEREOF) GP PROVIDES TO GET21, UNLESS FRAUD HAS BEEN
          COMMITTED BY GP AND/OR ITS EMPLOYEES AND/OR CONTRACTORS FOR WHICH GP
          IS OTHERWISE RESPONSIBLE.

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11.  INDEMNIFICATION

     11.1 INDEMNIFICATION BY GET21: Unless GP is determined by a court of
          competent jurisdiction to be negligent or to have engaged in
          intentional misconduct or breach of this Agreement, GET21 agrees to
          indemnify and save GP harmless from and against any and all claims,
          demands, costs and liabilities (including all reasonable legal and
          attorney fees and expenses) of any kind whatsoever, arising directly
          or indirectly out of claims brought by Players or any third party,
          including without limitation, any financial institutions, government
          departments or agencies relating to the use and operation of the
          URL's, Gamerooms or Software by GET21 and Players.

12.  CONFIDENTIALITY

     12.1 TREATMENT OF CONFIDENTIAL INFORMATION: Neither party shall in any way
          duplicate, use, or disclose to any third parties, all or any part of
          the other party's Confidential Information, except in accordance with
          the terms and conditions of this Agreement, and neither party may use
          such Confidential Information (or allow any Affiliate the right to use
          such Confidential Information) for any reason other than for purposes
          of fulfilling its obligations as set forth herein. Each party shall
          have an appropriate agreement with each of its employees, contractors,
          Affiliates and agents having access to the other party's Confidential
          Information sufficient to enable that party to comply with all the
          terms of this Agreement. Each party agrees to protect the other's
          Confidential Information with the same standard of care and procedures
          which it uses to protect is own trade secrets and confidential or
          proprietary information of like importance and, in any event, shall
          adopt or maintain procedures reasonably calculated to protect such
          Confidential Information. Each party agrees to hold the other party's
          Confidential Information in trust and confidence for such party and
          not to use same other than as expressly authorized under this
          Agreement. Each party agrees not to disclose any such Confidential
          Information without the prior written consent of the other, to anyone
          other than the party's employees, professional advisors, contractors,
          and agents who have a need to know same to carry out the rights and
          obligations granted hereunder.

     12.2 ACTION TO PROTECT: Each party shall promptly report to the other any
          actual or suspected violation of the terms of this Article 12.1, and
          shall take all reasonable steps to prevent, control or remedy such
          violation.

     12.3 EQUITABLE RELIEF: In recognition of the unique and proprietary nature
          of the information disclosed by the parties pursuant to this
          Agreement, it is agreed that each party's remedies for a breach by the
          other of its obligations under this Article 12.1 may be inadequate and
          the disclosing party shall, in the event of such breach be entitled
          (from a court of law) to equitable relief in any court of competent
          jurisdiction, including without limitation, injunctive relief and/or
          specific performance, in addition to any other remedies provided
          hereunder or available at law.

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13.  NON-SOLICITATION

     13.1 NON-SOLICITATION: The parties agree that during the term of this
          Agreement, and for a period of one (1) year after the termination of
          this Agreement (for any reason whatsoever), neither shall,
          individually or jointly, directly or indirectly, hire any employees,
          consultants or contractors of or to the other, or persons who were
          employees, consultants or contractors of or to the other during the 90
          days immediately preceding the termination of this Agreement; nor
          shall either of GP or GET21 solicit or induce or attempt to induce any
          employees, consultants or contractors of or to the other to terminate
          their employment, consulting, contracting or similar agreement with
          the other.

14.  TERM AND TERMINATION

     14.1 EFFECTIVE DATE AND TERM. The term of this Agreement shall commence on
          the Effective Date and shall continue for a period of five (5) years
          or until earlier terminated by any party pursuant to the terms of this
          Agreement; provided, however, that at the expiration of the initial or
          each renewal term, if any, this Agreement shall automatically be
          renewed for successive additional periods of one (1) year, unless
          either GP or GET21 shall have delivered to the other notice in writing
          of its intention not to renew at least ninety (90) days prior to the
          expiration of the then current term. For the avoidance of doubt, in
          the event that GP chooses not to renew this Agreement, the parties
          agree to undertake, in good faith, and using their best efforts, to
          reach an agreement, to allow GET21 to continue to operate under the
          same network as GP.

     14.2 TERMINATION BY GET21. Notwithstanding the foregoing, at any time after
          the twelve (12) month anniversary of the Commencement Date, GET21
          shall be entitled to terminate this Agreement upon no less ninety (90)
          days prior written notice to GP. For the avoidance of doubt, in the
          event that GET21 chooses to terminate this Agreement pursuant to this
          clause, the parties agree to undertake, in good faith, and using their
          best efforts, to reach an agreement, to allow GET21 to continue to
          operate under the same network as GP.

     14.3 REVIEW OF PAYOUT RATE. Six (6) months after the Commencement Date, the
          parties shall review the Payout Rate to ensure that it provides for
          reasonable profit to GP. The parties shall, if necessary, negotiate a
          mutually acceptable increase in the Payout Rate. If the parties are
          unable to agree upon a revised Payout Rate, then GP shall be entitled
          to give written notice to GET21 of its intention to terminate this
          Agreement on the date which is one (1) year from the Commencement
          Date.

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     14.4 GROUNDS FOR TERMINATION. GET21 or GP may immediately terminate this
          Agreement upon notice to the other upon the occurrence of any of the
          following events:

          14.4.1 if the other party is in default in any material respect in the
               performance of any of its obligations under this Agreement or
               otherwise commits any material breach of this Agreement, and such
               default continues uncured after ten (10) days' written notice
               from the notifying party to such other party stating the
               particulars of such default; or

          14.4.2 if such other party files a petition in bankruptcy, files a
               petition seeking any reorganization, arrangement, composition or
               similar relief under any federal, provincial or local law
               regarding the insolvency or relief for debtors or makes an
               assignment for the benefit of creditors, or if a receiver,
               trustee or similar officer is appointed for the business or
               property of such other party, or if any involuntary petition or
               proceeding under bankruptcy or insolvency laws is instituted
               against such other party and not stayed, enjoined or discharged
               within thirty (30) days.

     14.5 POST TERMINATION. Upon the termination of this Agreement, GP shall
          surrender to GET21 all files, records, contracts and information which
          may be requested by GET21 and which are pertinent to the continuing
          operation and administration of its business , subject to the proviso
          that GET21 shall reimburse GP for any reasonable costs in connection
          with reproduction of documents and information which GP, acting
          reasonably, is of the opinion that it should retain to support or
          verify its actions during the term of this Agreement.

     14.6 COSTS OR DAMAGES. No costs or damages shall be payable to or by any
          party as a result of the termination or non-renewal of this Agreement
          other than costs and damages arising out of a breach of this
          Agreement.

<PAGE>

15.  NOTICES

     15.1 NOTICES. Any notice, communication, payment or demand required or
          permitted to be given or made hereunder shall be sufficiently given or
          made for all purposes if delivered personally to the party or to an
          officer of the party to whom the same is directed or if transmitted by
          telecommunications or electronic facility, at the addresses as set
          forth below, namely:

          if to GP:

          11 Old Parham Road, St. John's, Antigua

          Telecopier:       *
          Email:            admin@goldenpalace.com

          if to GET21:

          9 Myrtle Street, Douglas, Isle of Man

          Telecopier:       *
          Email:            *

          or at such other address as may be given by such person to the other
          parties hereto in writing from time to time.

          All such notices shall be deemed to have been received when delivered
          or transmitted, Notices shall be given by personal delivery, facsimile
          transmission or electronic mail.

16.  GENERAL

     16.1 TIME OF THE ESSENCE: Time shall be of the essence of this Agreement.

     16.2 HEADINGS: Headings are inserted only for convenience and shall not be
          construed as part of this Agreement.

     16.3 ENFORCEABILITY: The invalidity of any provision of this Agreement or
          any covenant herein contained on the part of any party shall not
          affect the validity of any other provision or covenant hereof or
          herein contained. If any provision of this Agreement is declared by a
          court of competent jurisdiction to be invalid, illegal or
          unenforceable, such provision or part thereof which is necessary to
          render said provision valid, legal and enforceable, shall, to the
          extent possible, be severed from the Agreement.

     16.4 FURTHER ASSURANCES: The parties agree to do all such things and to
          execute such further documents as may reasonably be required to give
          full effect to this Agreement.

     16.5 ENTIRE AGREEMENT: This Agreement and the schedules attached hereto
          constitute the entire agreement between the parties concerning the
          subject matter hereof and cancels and supersedes any prior
          understandings and agreements between the parties hereto with respect
          thereto. There are no representations, warranties, terms, conditions,
          undertakings or collateral agreements, expressed, implied or
          statutory, between the parties other than as expressly set forth in
          this Agreement and the schedules attached hereto.

     16.6 REMEDIES: The remedies expressly stated in this Agreement shall be in
          addition to and not in substitution for those generally available at
          law or in equity.

<PAGE>

     16.7 WAIVER: No waiver of any provision of this Agreement by a party shall
          be enforceable against that party unless it is in writing and signed
          by an authorized officer of that party. No waiver of any provision of
          this Agreement will be deemed or will constitute a waiver of any other
          provision, nor will any such waiver constitute a continuing waiver
          unless expressly provided.

     16.8 ASSIGNMENT: GET21 cannot assign this Agreement or the rights granted
          hereunder without the prior written consent of GP (not to be
          unreasonably withheld); and provided further that any assignee must be
          financially able to perform under this Agreement (as determined by GP)
          and must agree to be bound by the terms hereof.

     16.9 COUNTERPARTS: This Agreement may be executed simultaneously in two or
          more counterparts, each of which shall be deemed to be an original and
          all of which together shall constitute but one and the same
          instrument.

     16.10 FACSIMILE TRANSMISSION: This Agreement may be transmitted by
          facsimile or such similar device and the reproduction of signatures by
          facsimile or such similar device will be treated as binding as if
          originals. Each party undertakes to provide the other with a copy of
          this Agreement bearing an original signature forthwith upon request.

     16.11 INDEPENDENT CONTRACTORS: GP and GET21 are independent contractors. No
          partnership relationship, joint venture or relationship of principal
          to agent, master to servant, employer to employee is established
          hereby between GP and GET21 and neither party has the authority to
          bind the other or incur any obligations on its behalf.

     16.12 FORCE MAJEURE: Notwithstanding anything to the contrary contained in
          this Agreement, the failure or delay in performance by either GP or
          GET21, other than the performance of payment obligations, shall be
          excused to the extent it is caused by an event beyond the party's
          control (a "FORCE MAJEURE EVENT"), provided that the party prevented
          from or delayed in rendering performance notifies the other party
          immediately and in detail of the commencement and nature of such
          cause, and provided further that such party uses its best efforts to
          render performance in a timely manner, utilizing to such end all
          resources reasonably required in the circumstances.

     16.13 ARBITRATION: The parties hereto agree that:

          16.13.1 if any dispute shall occur between them relating to the
               interpretation or implementation of any of the provisions of this
               Agreement, such dispute shall be resolved by binding arbitration;

          16.13.2 the arbitration shall be conducted by a single arbitrator
               located in the London, England. If the parties cannot agree upon
               an arbitrator, an arbitrator shall be appointed by a judge of the
               English courts on the application of either party hereto;

<PAGE>

          16.13.3 the arbitration shall proceed in accordance with the
               provisions of the ARBITRATIONS ACT, currently implemented in
               England. The decision arrived at by the arbitrator shall be final
               and binding upon the parties hereto and no appeal shall lie
               therefrom; and

          16.13.4 the unsuccessful party shall bear the costs of the
               arbitration, as well as the costs of the successful party on a
               solicitor and client scale.

     16.14 CURRENCY: All sums of money referred to in this Agreement are
          expressed in United States Dollars unless otherwise stated.

     16.15 SURVIVAL: Notwithstanding anything else contained herein, all
          provisions which by their nature are intended to survive termination
          shall survive any termination of this Agreement.

     16.16 GOVERNING LAW: This Agreement shall be exclusively governed, and
          construed in accordance with, the internal laws of England without
          regard to conflicts of law provisions. The parties hereby submit and
          attorn to the exclusive jurisdiction of the courts of England.

     16.17 BINDING AGREEMENT: This Agreement shall be binding on the parties
          hereto, their respective heirs, executors, administrators and
          permitted assigns.

     16.18 INDEPENDENT LEGAL ADVICE. The parties hereto acknowledge that:

          16.18.1 they have each had, or had the opportunity to obtain,
               independent legal advice;

          16.18.2 they each understand their rights and obligations under this
               Agreement;

          16.18.3 they are each signing this Agreement voluntarily; and

          16.18.4 notwithstanding any rule or maxim of construction to the
               contrary, any ambiguity or uncertainty will not be construed
               against any party hereto by reason of the authorship of any of
               the provisions hereof.

<PAGE>

IN WITNESS WHEREOF the parties have duly executed this Agreement.

                             GOLDEN PALACE LIMITED

                             Per: /s/ Richard Rowe c/s
                             ----------------------------
                             Richard Rowe

                             I have the authority to bind the Corporation

                             GET21 GROUP.

                             Per: /s/ Uri Levy c/s
                             ----------------------------
                             [Authorized Signing Officer]

                             I have the authority to bind the Corporation

<PAGE>

                                  SCHEDULE "A"

                        PLAYER DEVELOPMENT AND PROMOTIONS

o    GAMEROOMS UPDATED MONTHLY.

     Gamerooms to be monitored to make sure content (promo code names end &
     start dates etc...) are correct.

o    PREPARATION OF CONTENT FOR THE MONTHLY ACTIVITY FOR THE GAMEROOMS.

     Provide specific promos or satellites tournament details for posting.

o    CREATING AND SETTING UP VARIOUS PROMOS.

     Promo codes to be created with relevance on the respective systems. Create
     codes according to the theme of the event/holiday and also determine which
     Players will receive them ( i.e. if a Christmas bonus use the name "noel"
     and choose the date, Then send offer to all Players who have made a Rake
     contribution in the last 30 days).

o    ARRANGE AND SET UP STANDING OFFER DEFAULT PROMOS.

     Standard Offers are as follows

     Sign up Offer: Is posted on the Gamerooms and is available to all new
     Players.

     MATCH OFFERS EVERY WEEK: These are e mailed every week to:

     1)   In actives: Players who have never played for Real only Fun.

     2)   Re actives: Players who have not played in the last 30 days.

     MATCH OFFERS FOR SPECIAL OCCASIONS OR HOLIDAYS: These are e mailed to all
     Players who have made a Rake contribution within the 6 months prior to the
     offer.

     MATCH OFFERS FOR SPECIALTY OFFERS: This is emailed to the database when
     promoting a new product or new method of payment.

o    MASS CREDIT BONUSES TO PLAYERS FOR VARIOUS PROMOS.

     Certain Bonus offers require mass crediting a selected group of Players
     with either $$ or Action Points.

o    MONITORING TABLE ACTIVITY.

     Monitoring multi table tournaments and various cash tables for any illegal
     chat, play or chat posting (promoting other poker sites)

o    DISTRIBUTING SPONSORSHIP PACKAGES (HATS, SHIRTS ETC...) TO PLAYERS WHO
     REQUEST TO PROMOTE THEIR OWN TOURNAMENTS.

     There are many Players who make requests for sponsorship of tournaments
     that they are either playing in or organizing. (creation of sponsorship
     materials and shipping is not included)

o    CREATING CONTENT FOR MONTHLY NEWSLETTER.

     Preparation of content for newsletters (i.e. upcoming events and satellite
     tournaments, software changes and names of events seat winners of past and
     ongoing satellite qualifiers).

<PAGE>

o    REGISTRATION AND LIASING WITH LIVE TOURNAMENTS.

     Arranging "registered sponsor" status with anyone of these (WPT Travel
     channel, WSOP ESPN & ABC and UPC WGN) in order to be able to have a Player
     represent the Gamerooms. (Registration costs not included)

o    ARRANGING FOR PLAYER'S REGISTRATION FOR LIVE EVENTS.

     Whenever a Player wins a satellite seat to a major event, we will arrange
     to have their buy ins for events wired to the respective casinos, crediting
     their travel expense money and supplying Players with gear specifically
     provided for the events, travel etc...(wiring fees, travel costs, cost of
     gear not included)

o    CARE OF VIP PLAYERS.

     Special arrangements with Players, where Gameroom pays the buy in for a
     major event and should Player finish in the money, room retains a % of the
     winnings which is used for future buy ins for that Player (special
     arrangement costs not included)

     Any services or costs not specifically included above can be provided upon
     request and treated as Special Promotions in the Payout Deductions.

<PAGE>

                                  SCHEDULE "B"

             GAMEROOM MANAGEMENT RISK COLLUSION PREVENTION SERVICES

Gameroom Management Services consist of:

1)   The management of Gameroom content where content includes:

     o    creation, management and deletion of game tables and regular
          tournaments;

     o    the creation and management of entertaining themed tournaments and
          events designed to generate and maintain interest in the Gameroom with
          guaranteed prize pools, or the opportunity to win seats and land based
          events;

     o    the creation of a monthly Gameroom event schedule which can be used by
          the parties as content on related web sites and in e-mail messages to
          Players.

2)   Consultation services for customer service representatives to assist them
     in helping customers with their understanding of the game, its rules and
     the particular requirements and restrictions of a particular event.

3)   Expert review of suspected fraudulent play based on reports from customer
     service representatives, reports from other Players and reports generated
     automatically by the gaming system as a result of statistically deviant
     patterns.

During the first 12 months of operation, it is anticipated that delivery of
Gameroom Management Services will require the employment of two expert
professional blackjack players and four senior administrative staff.

<PAGE>

                                  SCHEDULE "C"

                             SCOPE OF CAGE SOFTWARE

WHAT IS THE CAGE SOFTWARE ("CAGE")?

The Cage acts as the financial institution for the Game. Essentially, it is a
bank. Its primary function is to provide an online wallet for Players. Players
withdraw money from the wallet to play in games and then return money to the
wallet when they have finished.

The Cage manages Players' requests to fund their wallets from other financial
institutions (credit cards, bank accounts, etc.) or to be paid the money that is
in their online wallet.

The Cage also provides the ability to manage the Player. This includes allowing
customer service agents to:

     [_]  Lock a Player from logging in and/or performing financial
          transactions.

     [_]  Set the maximum amount a Player may deposit into the wallet in a day,
          week or month.

     [_]  Adjust the balance of money that is currently held in a Player's
          wallet.

     [_]  Edit Player contact and payment information.

     [_]  Cause money held in the wallet to be paid to the Player.

     [_]  View the transaction history in a Player's account.

     [_]  Leave notes about a Player.

The Cage provides automated and manual tools to detect and prevent fraud from
occurring during the registration, deposit or payment process.

The Cage provides the ability to track and pay earnings to Affiliate and
franchise advertisers. The owners of these third-party advertisers have access
to reporting on their earnings and the activity of their referrals. The Cage
provides registration services for franchise advertisers.

The Cage provides simple tools to conduct basic segmentation of Players and to
analyze their financial activity in aggregate.

The Cage provides tools to manage chargebacks.

The Cage provides tools to allow a telemarketing team to help Players purchase.

The Cage contains a set of accounting tools to reconcile transactions and
balances with appropriate third parties (i.e. game vendors and financial
institutions).

The Cage provides a set of APIs that game vendors may use to integrate with the
Cage.

<PAGE>

What the Cage is not:

The Cage does not provide any game services, game facilities, game play
management or analysis of game activity or performance.

The Cage does not provide any tools to detect or prevent fraudulent activity in
the game room.

The Cage does not provide any tools or services to conduct accounting for the
financial activity that occurs in the Gameroom.

The game must provide facilities to conduct all game play along with the ability
to manage game play, review game play, detect fraudulent game play, etc. In
addition, the game must manage any game specific Player information.

The Cage does not provide any services to attract or manage Affiliates.

Where appropriate, the game should provide functions that overlap with the Cage.

<PAGE>

                                   SCHEDULE D

                    CAGE SERVICES AND SERVICE LEVEL AGREEMENT

1.   DEFINITIONS.

     In addition to the capitalized terms defined in the Sublicense and Services
     Agreement (the "AGREEMENT") to which this Cage Service and Service Level
     Agreement (the "SLA") is attached as Schedule "D", the following terms
     shall have the meanings provided below:

     "CRITICAL ERROR" A Critical Error occurs when a Primary Functionality of
     the Cage Software is inaccessible, unusable, inoperative or degraded or
     retarded to such an extent that the Player experience is materially
     adversely affected and there is no Work Around or the system crashes or
     locks up or there is data loss or corruption, or else where GET21
     authorized personnel reports any error and requests it be corrected,
     regardless of the magnitude of the error.

     "DOWNTIME" means that the Cage Software is inaccessible via the Internet
     for one (1) minute or more, excluding (a) normal maintenance that is
     routinely scheduled pursuant to Section 2.1 of this SLA for purposes of
     "updates" and "releases" to the Cage Software, (b) downtime caused by
     malfunction of GET21's or a third party's software or equipment or by
     GET21's negligence, or misuse of the Cage Software and (c) downtime arising
     out of Force Majeure events described in the Agreement.

     "HIGH ERROR" A High Error occurs when (i) a Primary Functionality of the
     Cage Software is inaccessible, unusable, inoperative or degraded or
     retarded to such an extent that the Player experience is materially
     adversely affected but a reasonable Work Around exists; or (ii) a Secondary
     Functionality of the Cage Software is inaccessible, unusable or inoperative
     and there is no Work Around.

     "MEDIUM ERROR" A Medium Error occurs when a Secondary Functionality of the
     Cage Software is inaccessible, unusable, inoperative or degraded or
     retarded to such an extent that the Player experience is materially
     adversely affected but a reasonable Work Around exists.

     "LOW ERROR" A Low Error occurs when there is an issue of minimal impact to
     a Secondary Functionality of the Cage Software and a reasonable Work Around
     exists.

     "PRIMARY FUNCTIONALITY" means the ability of the Player to access and use
     the full functionality of the Cage Software and without which the Cage
     Software is inaccessible, unusable, inoperative or degraded or retarded to
     such an extent that the Player experience is materially adversely affected.

<PAGE>

     "SECONDARY FUNCTIONALITY" means functionality which supports the Primary
     Functionality of the Cage Software but failure of which does not result in
     an inability to use the Cage Software.

     "TECHNICAL SUPPORT" means all of the services described in this SLA.

     "WORK AROUND" means a temporary resolution that restores the service and
     operation of the Cage Software in full accordance with the relevant
     specification without loss of functionality.

2.   SERVICE LEVEL OBJECTIVES.

2.1  SYSTEM AVAILABILITY.

     2.1.1 Subject to the terms and conditions of the Agreement and this SLA, GP
          shall keep the Cage Software used by GET21 hereunder available 99.5%
          of the time on a 24/7, 365-day a year basis, agreed scheduled
          maintenance time pursuant to section 2.2 below excepted.

     2.1.2 For each minute of Downtime (where the Cage Software does not meet
          the availability requirement set out above in Section 2.1.1) occurring
          during any calendar month to the Cage Software, GET21 will be entitled
          to a payment of credit (the "SERVICE CREDIT") against amounts payable
          to GP under Section 6 of the Agreement in such month in an amount
          equal to the product of (i) the Average Daily Revenue divided by 1440
          and (ii) the number of minutes in such month of Downtime. For purposes
          of the foregoing, "Average Daily Revenue" shall mean with respect to
          any month (x) the sum of revenues generated in such month by gaming
          software connected to the Cage Software, in each case less the Service
          Fees divided by (y) the number of days in the applicable month.
          Notwithstanding the foregoing, in no event shall the Service Credit in
          any month be greater than the Service Fees for such month. GET21 shall
          document each Downtime occurrence and provide such documentation to GP
          within ten (10) days of the occurrence, and must include a description
          of the Downtime with the time of the event, duration, and any
          diagnostic information substantiating the Downtime.

2.2  SCHEDULED DOWNTIME. Cage Software maintenance shall be conducted by GP in
     accordance with a schedule, which has been agreed to in advance by both GP
     and GET21, acting reasonably. It is understood by the Parties that the
     number of scheduled maintenance occurrences will be kept to a minimum and
     within generally acceptable levels and in conformity with good industry
     standards.

2.3  NETWORK SERVICE PROVIDER OR INTERNET OUTAGES. Notwithstanding the
     foregoing, GP will not give Service Credit for Downtime resulting from
     network service provider outages or Internet outages resulting from
     failures outside the explicit control of GP. GET21 acknowledges that GP
     does not and cannot control the flow of data to or from GP's network and
     other portions of the Internet. Such flow depends in large part on the
     performance of Internet services provided or controlled by third parties.

<PAGE>

2.4  SECURITY SHUT-DOWNS. Notwithstanding the foregoing, Service Credit will not
     be given for any events resulting from any interruption in the provision of
     any Cage Software application due to circumstances reasonably believed by
     GP to be a significant threat to the normal operation of the Cage Software
     or integrity of Player data and which are outside GP's control. In the
     event of such an interruption or shutdown, GP will return the affected Cage
     Software application to normal operation as soon as reasonably possible.
     Upon request, GP will provide GET21 with a copy of its security policies
     then in effect.

3.   TECHNICAL SUPPORT.

3.1  STANDARD TECHNICAL SUPPORT: GET21's authorized personnel will be given the
     telephone number and email address for GP technical support personnel. GP
     shall provide telephone support to GET21 on issues relating to the Cage
     Software between the hours of 9.00 a.m and 5.00 p.m Eastern Time, Monday
     through Friday. GP may provide on-line support to GET21 on issues relating
     to the Cage Software through a website. GP will also provide an emergency
     number providing 24-hour response for logging the support call.

3.2  EXCLUSIONS FROM SUPPORT SERVICES. GP shall have no obligation to provide
     support services for any hardware or software used by GET21 if such
     hardware or software is improperly used by GET21 or other unauthorized
     personnel.

4.   UPDATES.

     GP shall periodically update the Cage Software at no additional cost to
     GET21, which updates shall implement bug fixes or enhancements as
     reasonably determined by GP in consultation with GET21.

5.   PRIORITY LEVELS FOR TECHNICAL SUPPORT.

5.1  PRIORITY LEVELS. Problems shall be categorized by GET21 according to the
     priority levels set forth in this Section 5.

5.2  CRITICAL ERRORS. GP shall diagnose a Critical Error within twenty-four (24)
     hours of notification by GET21 and will implement a fix or a Work Around as
     soon as reasonably possible and in no event more than two (2) calendar days
     after initial notification by GET21. Downtime shall be categorized as a
     Critical Error.

5.3  HIGH ERRORS. GP shall diagnose a High Error within forty-eight (48) hours
     of notification by GET21 and will implement a fix or a Work Around as soon
     as reasonably possible and in no event more than four (4) calendar days
     after initial notification by GET21.

5.4  MEDIUM ERRORS. GP shall diagnose a Medium Error within three (3) business
     days of notification by GET21 and will implement a fix or a Work Around as
     soon as reasonably possible and in no event more than six (6) business days
     after initial notification by GET21.

<PAGE>

5.5  LOW ERRORS. GP shall diagnose a Low Error and will implement a fix or a
     Work Around as soon as reasonably possible and in no event more than twenty
     (20) business days after initial notification by GET21.

5.6  FAILURE TO COMPLY. In the event that GP: (1) fails to diagnose an error
     within the applicable time frame set out herein, or (2) fails to implement
     a fix or Work Around within the applicable time frame set out herein (in
     either case, the "Deadline"), then notwithstanding anything to the contrary
     contained in this Agreement, the calculation of the Sublicensee Payout for
     the number of calendar days from the Deadline to and including the date on
     which the error is properly diagnosed by GP or a fix or Work Around is
     successfully implemented by GP, as the case may be shall be:

                 Sublicensee Payout = Rake - Payout Deductions.

     To be clear, all Payout Deductions will still be in effect.

     For these purposes "notification" shall commence upon the written
     notification by GET21 to GP of an error.

     Any change of the terms of this Schedule D shall be negotiated in good
     faith, mutually agreed and will have no effect unless both parties agree to
     it in writing.EMPLOYMENT AGREEMENT

AMENDED AND RESTATED

EMPLOYMENT AGREEMENT

AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this "Agreement") made and entered into as of the 8th day of November 2006, among AMERICAN SEAFOODS, L.P. ("Parent") and American Seafoods Group LLC ("Employer" or the "Company") and Bernt Bodal who resides at 23300 Woodway Park Road, Woodway, Washington 98020 ("Executive").

W I T N E S S E T H:

WHEREAS, Employer, Parent and Executive are parties to that certain Employment Agreement dated as of January 28, 2000;

WHEREAS, Employer, Parent and Executive desire now to amend and restate the original Employment Agreement as set forth herein;

NOW THEREFORE, in consideration of the premises and the mutual covenants hereinafter set forth, and intending to be legally bound hereby, it is hereby agreed as follows:

	Employment Term.  Employer agrees to employ Executive, and Executive agrees to be so employed, in the capacity of Chief Executive Officer and Chairman of the Board, for a term commencing on the date hereof and ending on December 31, 2011 (the "Initial Term"); provided, however, that, notwithstanding anything to the contrary set forth in this Agreement, this Agreement may be earlier terminated pursuant to the terms hereof.  The term of this Agreement will automatically extend past the Initial Term for succeeding periods of one year each unless either party terminates this Agreement as of the end of the Initial Term, or as of the end of any subsequent one-year period (in either case, the "Termination Date"), by delivering notice to the other party specifying the applicable Termination Date not earlier than 180 days and not later than 120 days prior to the date so specified.  "Employment Term" as used herein shall mean the term of this Agreement including any automatic extensions pursuant to the preceding sentence.

	Position and Duties.  Executive shall (in accordance with Section 11 hereof) diligently and conscientiously devote his full business time, attention, energy, skill and best efforts to the business of Employer and the discharge of his duties hereunder.  Executive's duties under this Agreement shall be to serve as Chief Executive Officer and Chairman of the Board, with the responsibilities, rights, authority and duties customarily pertaining to such office and as may be established from time to time by or under the direction of the Board of Directors or similar governing body of Employer (the "Board") or its designees, and Executive shall report to the Board.  Executive shall also act as an officer and/or director and/or manager of such subsidiaries of Employer as may be designated by the Board, commensurate with Executive's office, all without further compensation, other than as provided in this Agreement.

	Compensation.

	Base Salary.  Employer shall pay to Executive base salary compensation at an annual rate of $500,000.  In January 2007 and annually thereafter, the Board shall review Executive's base salary in light of the performance of Executive and the Company, and may, in its sole discretion, increase or decrease (but not decrease below $500,000) such base salary by an amount it determines to be appropriate.  Executive's annual base salary payable hereunder, as it may be increased or decreased from time to time, is referred to herein as "Base Salary." Base Salary shall be paid in equal installments in accordance with Employer's payroll practices in effect from time to time for executive officers, but in no event less frequently than monthly.

	Bonus.  Executive shall be entitled to participate in all annual incentive plans, profits participation plans, equity-based incentive plans and other bonus and compensation plans of Employer offered from time to time during the term of Executive's employment hereunder by Employer to employees or executives of Executive's rank to the extent Executive qualifies under the eligibility provisions of the applicable plan or plans, in each case consistent with Employer's then-current practice as approved by the Board from time to time.

(c)Board Seat. For so long as Executive maintains an interest in Partnership Units with an initial cost of at least $2,720,000 he shall be entitled to attend Board meetings as a Board member regardless of his employment status (provided that he is not engaged in an activity that would violate Section 11(b) hereof if such section were in effect).

	Benefits.  Executive shall be eligible to participate in all employee benefit programs of Employer offered from time to time during the term of Executive's employment hereunder by Employer to employees or executives of Executive's rank, to the extent that Executive qualifies under the eligibility provisions of the applicable plan or plans, in each case consistent with Employer's then-current practice as approved by the Board from time to time.  The foregoing shall not be construed to require Employer to establish such plans or to prevent the modification or termination of such plans once established, and no such action or failure thereof shall affect this Agreement.  Executive recognizes that Employer and its affiliates have the right, in their sole discretion, to amend, modify or terminate their benefit plans without creating any rights in Executive. During the Employment Term, Employer shall pay the cost required in connection with Executive's participation in MD Square Health Plan.

	Vacation.  Executive shall be entitled to up to four weeks of paid vacation per calendar year.  A maximum of one week of vacation time may be carried over from one calendar year and into the following calendar year; provided however, that the vacation time be exercised prior to the end of the subsequent calendar year.

	Business Expenses.  To the extent that Executive's reasonable and necessary expenditures for travel, entertainment and similar items made in furtherance of Executive's duties under this Agreement comply with Employer's expense reimbursement policy, are wholly or partially deductible by Employer for federal income tax purposes pursuant to the Internal Revenue Code of 1986, as amended and are documented and substantiated by Executive as required by the Internal Revenue Service and the policies of Employer, Employer shall reimburse the Executive for such expenditures; provided documentation therefor is submitted not later than 45 days after such expense is incurred.

	Termination by the Company.

	Employer shall have the right to terminate the Employment Term under the following circumstances (and also as contemplated by Section 8(b)):

	upon the death of Executive;
	in the event of a disability which prevents or seriously inhibits Executive from performing his duties for 60 consecutive days as determined in good faith by the Board, upon 30 days written notice from Employer to Executive; or
	for Cause (as defined below).

"Cause" as used in this Agreement shall mean (i) Executive's commission of a felony or any other crime involving moral turpitude, fraud, misrepresentation, embezzlement or theft, (ii) Executive's engaging in any activity that is harmful (including, without limitation, alcoholic or other self-induced affliction), in a material respect, to the Company or any of its subsidiaries, monetarily or otherwise, as determined by a majority of the Board; (iii) Executive's material malfeasance (including without limitation, any intentional act of fraud or theft), misconduct, or gross negligence in connection with the performance of his duties hereunder; (iv) Executive's significant violation of any statutory or common law duty of loyalty to the Company or any of its subsidiaries; (v) Executive's material breach of this Agreement or of a material Company policy (including without limitation, disclosure or misuse of any confidential or competitively sensitive information or trade secrets of the Company or a subsidiary); or (vi) Executive's refusal or failure to carry out directives or instructions of the Board that are consistent with the scope and nature of Executive's duties and responsibilities set forth herein, in the case of clause (v) or (vi) above, only if such breach or failure continues for more than 10 days following written notice from Employer describing such breach or failure.

	If this Agreement is terminated pursuant to Paragraph 7(a), or for any other reason (except by Executive pursuant to Paragraph 8 or by Employer other than pursuant to Paragraph 7(a)), Executive's rights and Employer's obligations hereunder shall forthwith terminate except that Employer shall pay Executive his Base Salary earned but not yet paid through the date of termination.  In addition, if the Executive is terminated pursuant to Paragraph 7(a)(i) or 7(a)(ii), Employer shall also pay Executive within 30 days following receipt of audited financial statements for the year during which such termination occurred, a prorated annual bonus in respect of the partial year during which such termination occurred, the amount to be equal to the full amount of the annual cash bonus, if any, that would be due under Section 3(b) multiplied by a fraction, the numerator of which is the number of days in such fiscal year prior to such termination and the denominator of which is 365.

	Termination by Executive.

	Executive shall have the right to terminate the Employment Term for Good Reason (as defined below), upon 60 days' written notice to the Board given within 60 days following the occurrence of an event constituting Good Reason; provided that Employer shall have 10 days after the date such notice has been given to the Board in which to cure the conduct specified in such notice.  For purposes of this Agreement "Good Reason" shall mean:

	the Company's failure to pay or provide when due Executive's Base Salary, which failure is not cured within 10 days after the receipt by the Board from Executive of a written notice referring to this provision and describing such failure; or
	the failure to continue Executive in his position as provided in Paragraph 1 or removal of him from such position; or
	a material diminution of Executive's responsibilities, duties or status, which diminution is not rescinded within 30 days after the date of receipt by the Board from Executive of a written notice referring to this provision and describing such diminution.

	If this Agreement is terminated pursuant to Paragraph 8(a), or if Employer shall terminate Executive's employment under this Agreement other than pursuant to Paragraph 7(a), Executive shall be entitled to the following, which he acknowledges to be fair and reasonable, as his sole and exclusive remedy, in lieu of all other remedies at law or in equity, for any such termination:

	Base Salary earned but not yet paid through the date of termination;
	a prorated annual bonus in respect of the partial year during which such termination occurred, the amount to be equal to the full amount of the annual cash bonus, if any, that would be due under Section 3(b) multiplied by a fraction, the numerator of which is the number of days in such fiscal year prior to such termination and the denominator of which is 365; and
	an amount equal to Executive's actual Base Salary (not including any bonus paid or payable) for the 12-month period immediately prior to such termination (or the period during which Executive was employed by Employer if less than 12 months), payable in 24 equal installments during the 24-month period following such termination (the "Severance Pay Period").

In the event of any such termination, Executive shall use commercially reasonable efforts to secure alternative employment.  During the last six months of the Severance Pay Period, any compensation, income or benefits earned by or paid to (in cash or otherwise) the Executive as an employee of or consultant to a company other than the Company shall reduce the amount of severance payments payable during such six-month period pursuant to Paragraph 8(b)(iii).

	If Executive terminates his employment at any time during the term of this Agreement other than pursuant to Section 8(a), without limiting or prejudicing any other legal or equitable rights or remedies which Employer may have upon such breach by Executive, Executive will receive his Base Salary earned but not yet paid though the date of termination.

	Services Unique.  Executive recognizes that Executive's services hereunder are of a special, unique, unusual, extraordinary and intellectual character giving them a peculiar value, the loss of which cannot be reasonably or adequately compensated for in damages, and in the event of a breach of this Agreement by Executive (particularly, but without limitation, with respect to the provisions hereof relating to the exclusivity of Executive's services and the provisions of Paragraph 11), the Company shall, in addition to all other remedies available to it, be entitled to equitable relief by way of an injunction and any other legal or equitable remedies.  Anything to the contrary herein not withstanding, the Company may seek such equitable relief in a federal or state court in Washington, and the Executive hereby submits to jurisdiction in those courts.

	Protection of the Company's Interests.  To the fullest extent permitted by law, all rights worldwide with respect to any intellectual or other property of any nature conceived, developed, produced, created, suggested or acquired by Executive in connection with the performance of his duties hereunder during the period commencing on the date hereof and ending six months following the termination of Executive's employment hereunder shall be deemed to be a work made for hire and shall be the sole and exclusive property of Employer.  Executive agrees to execute, acknowledge and deliver to Employer at Employer's request, such further documents as the Employer finds appropriate to evidence the Employer's rights in such property.  Executive further acknowledges that in performing his duties hereunder, he will have access to proprietary and confidential information and to trade secrets of Employer and its affiliates.  Any confidential and/or proprietary information of Employer or its affiliates shall not be used by Executive or disclosed or made available by Executive to any person except (i) as required in the course of Executive's employment or (ii) when required to do so by a court of law, by any governmental agency having supervisory authority over the business of Employer or by any administrative or legislative body (including a committee thereof) with apparent jurisdiction to order him to divulge, disclose or make accessible such information, it being understood that Executive will promptly notify Employer of such requirement so that Employer may seek to obtain a protective order.  Upon expiration or earlier termination of the term of Executive's employment, Executive shall return to Employer all such information that exists in written or other physical form (and all copies thereof) under Executive's control.

	Non-Competition.

	Exclusivity of Employment.  Executive agrees that his employment hereunder is on an exclusive basis, and that during the Employment Term, he will not engage in any other business activity.  Notwithstanding the foregoing, nothing in this Agreement shall preclude Executive from serving on the Boards of Directors of other corporations (subject to the approval of the Board which shall not be unreasonably withheld), from engaging in charitable and public service activities, or engaging in speaking and writing activities, or from managing his personal investments, provided that such activities are disclosed in writing to the Board in a notice that references this provision and do not interfere with Executive's availability or ability to perform his duties and responsibilities hereunder.

	Noncompete.  Executive agrees that during the Employment Term, and the Severance Pay Period (if applicable), and the 12-month period thereafter (except if Executive's employment is terminated for Cause or Executive terminates his employment without Good Reason, in which case such 12-month period shall be extended to a 24-month period), he shall not, directly or indirectly, engage in, or participate as an investor in, an officer, employee, director or agent of, or consultant for, any entity engaging in any line of business competitive with that of Employer or any of its subsidiaries, or any line of business which Employer or any of its subsidiaries is contemplating; provided however that, nothing herein shall prevent him from investing as less than a 5% shareholder in the securities of any company listed on a national securities exchange or quoted on an automated quotation system.  Executive's participation in such an entity in any of the foregoing capacities, other than participation described in the foregoing proviso, being sometimes referred to herein as being a "Participant."

	Nonsolicitation of Employees.  Executive agrees that during the Employment Term and the Severance Pay Period (if applicable), and the 36-month period thereafter (the "Nonsolicitation Period"), he will not directly or indirectly, employ, or be a Participant in any entity that employs any person previously employed by the Company or any of its subsidiaries or in any way induce or attempt to induce any person to leave the employment of the Company or any of its subsidiaries.

	Nonsolicitation of Customers.  Executive agrees that during the Nonsolicitation Period, he will not directly or indirectly, solicit or do business with, or be a Participant in any entity that solicits or does business with, any customer of Employer or any of its subsidiaries, nor shall Executive in any way induce or attempt to induce any customer of Employer to do business with any person or entity other than Employer; provided that, the foregoing shall not restrict Executive or any entity in which he is a Participant from soliciting or doing business with any customer of Employer or any of its subsidiaries with respect to a business that is not competitive with the business of Employer or any of its subsidiaries or any line of business that Employer or any of its subsidiaries is contemplating.  Notwithstanding the foregoing, after the expiration of the noncompetition period set forth in Paragraph 11(b), Executive may participate as an investor in, an officer, employee, director or agent of or consultant for an entity that does business with one or more customers of Employer so long as Executive has no contact with such customer and has no direct or indirect involvement in the solicitation of business from any such customer.

	Standstill.  Executive agrees that during the Nonsolicitation Period, Executive shall not, except at the specific written request of the Board:

	engage in or propose, or be a Participant in any entity that engages in or proposes, a Rule l3e-3 Transaction (as defined in Rule l3e-3 under the Securities Exchange Act of 1934) or any other material transaction, between Parent, Employer or any of its subsidiaries, on the one hand, and Executive or any entity in which Executive is a Participant, on the other hand;
	acquire any equity securities of Parent, Employer or any of its subsidiaries (other than securities issued to Executive by Parent or issued to Executive by Parent upon exercise of options issued to Executive by Parent), or be a participant in any entity that acquires any equity securities of Parent, Employer or any of its subsidiaries;
	solicit proxies, or be a Participant in any entity that solicits proxies, or become a participant in any solicitation of proxies, with respect to the election of directors of Parent, Employer or any of its subsidiaries in opposition to the nominees recommended by the Board of any such entity; or
	directly or indirectly, engage in or participate in any other activity that would be reasonably expected to result in a change of control of Parent, Employer or any of its subsidiaries.

The foregoing provisions of this Paragraph shall not be construed to prohibit or restrict the manner in which Executive exercises his voting rights in respect of equity securities in Parent acquired in a manner that is not a violation of the terms of this Paragraph 11.

	Nondisparagement.  Executive will not at any time during or after this Agreement directly (or through any other person or entity) make any public or private statements (whether oral or in writing) which are derogatory or damaging to the Company, its business, activities, operations, affairs, reputation or prospects or any of its officers, employees, directors or shareholders.  Employer will not at any time during or after the term of this Agreement directly (or through any other person or entity) make any defamatory public or private statements (whether oral or in writing) concerning the Executive.

	Representation of the Parties.  Executive represents and warrants to Employer and Parent that Executive has the capacity to enter into this Agreement and the other agreements referred to herein, and that the execution, delivery and performance of this Agreement and such other agreements by Executive will not violate any agreement, undertaking or covenant to which Executive is party or is otherwise bound.  Each of Employer and Parent represents to Executive that it is a limited liability company or limited partnership, as applicable, and is duly organized and validly existing under the laws of the State of Delaware, that it is fully authorized and empowered by action of its Board or general partner, as applicable, to enter into this Agreement and the other agreements referred to herein, and that performance of its obligations under this Agreement and such other agreements will not violate any agreement between it and any other person, firm or other entity.

	Key Man Insurance.  Each of Employer and Coastal Villages Pollock LLC or its affiliates (collectively, "Coastal Villages") will have the right throughout the term of this Agreement, to obtain or increase insurance on Executive's life in such amount as the Board or Coastal Villages (as applicable) determines, in the name of Employer or Coastal Villages, as the case may be, and for its sole benefit or otherwise, in the discretion of the Board or Coastal Villages (as applicable).  Executive will cooperate in any and all necessary physical examinations without expense to Executive, supply information, and sign documents, and otherwise cooperate fully with each of Employer and Coastal Villages as Employer or Coastal Villages (as applicable) may request in connection with any such insurance.  Executive warrants and represents that, to his best knowledge, he is in good health and does not suffer from any medical condition which might interfere with the timely performance of his obligations under this Agreement.

	Notices.  All notices given under this Agreement shall be in writing and shall be deemed to have been duly given (a) when delivered personally, (b) three business days after being mailed by first class certified mail, return receipt requested, postage prepaid, (c) one business day after being sent by a reputable overnight delivery service, postage or delivery charges prepaid, or (d) on the date on which a facsimile is transmitted to the parties at their respective addresses stated below.  Any party may change its address for notice and the address to which copies must be sent by giving notice of the new addresses to the other parties in accordance with this Paragraph 15, except that any such change of address notice shall not be effective unless and until received.

If to the Employer or Parent:

American Seafoods Group LLC

2025 First Avenue, Suite 900

Seattle, WA 98127

Attention:  General Counsel

with a copy to:

Heller Ehrman LLP

701 Fifth Avenue, Suite 6100

Seattle, WA 98104

Attention:  Bruce M. Pym, Esq.

If to the Executive, to his address set forth above.

	Entire Agreement, Amendments, Waivers, Etc.

	No amendment or modification of this Agreement shall be effective unless set forth in a writing signed by the Company and Executive.  No waiver by either party of any breach by the other party of any provision or condition of this Agreement shall be deemed a waiver of any similar or dissimilar provision or condition at the same or any prior or subsequent time.  Any waiver must be in writing and signed by the waiving party.
	This Agreement sets forth the entire understanding and agreement of the parties with respect to the subject matter hereof and supersedes all prior oral and written understandings and agreements.  There are no representations, agreements, arrangements or understandings, oral or written, among the parties relating to the subject matter hereof which are not expressly set forth herein, and no party hereto has been induced to enter into this Agreement, except by the agreements expressly contained herein.
	Nothing herein contained shall be construed so as to require the commission of any act contrary to law, and wherever there is a conflict between any provision of this Agreement and any present or future statute, law, ordinance or regulation, the latter shall prevail, but in such event the provision of this Agreement affected shall be curtailed and limited only to the extent necessary to bring it within legal requirements.
	This Agreement shall inure to the benefit of and be enforceable by Executive and his heirs, executors, administrators and legal representatives, by the Company and its successors and assigns, by Parent and its successors and assigns and, with respect to Paragraph 14, Coastal Villages and its successors and assigns.  This Agreement and all rights hereunder are personal to Executive and shall not be assignable.  Each of the Company and Parent may assign its rights under this Agreement to any successor by merger, consolidation, purchase of all or substantially all of its and its subsidiaries' assets, or otherwise; provided that such successor assumes all of the liabilities, obligations and duties of the Company under this Agreement, either contractually or as a matter of law.
	If any provision of this Agreement or the application thereof is held invalid, the invalidity shall not affect the other provisions or application of this Agreement that can be given effect without the invalid provisions or application, and to this end the provisions of this Agreement are declared to be severable.

	Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of Washington without reference to principles of conflict of laws.

	Right to Equitable Relief.  Executive recognizes that Employer will have no adequate remedy at law for his breach of any provision of Paragraph 10, 11 or 12 and in the event of any such breach or threatened breach he agrees that Employer shall be entitled to obtain equitable relief in addition to other remedies available at law and/or hereunder.

	Taxes.  All payments required to be made to Executive hereunder, whether during the term of his employment hereunder or otherwise shall be subject to all applicable federal, state and local tax withholding laws.

	Headings, Etc.  The headings set forth herein are included solely for the purpose of identification and shall not be used for the purpose of construing the meaning of the provisions of this Agreement.  Unless otherwise provided, references herein to Paragraphs refer to Paragraphs of this Agreement.

	Arbitration.  Any dispute or controversy between Employer and Executive, arising out of or relating to this Agreement, the breach of this Agreement, or otherwise, shall be settled by arbitration in Seattle, Washington administered by the American Arbitration Association in accordance with its Commercial Rules then in effect and judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof.  The arbitrator shall have the authority to award any remedy or relief that a court of competent jurisdiction could order or grant, including, without limitation, the issuance of an injunction.  However, either party may, without inconsistency with this arbitration provision, apply to any court having jurisdiction over such dispute or controversy and seek interim provisional, injunctive or other equitable relief until the arbitration award is rendered or the controversy is otherwise resolved.  Except as necessary in court proceedings to enforce this arbitration provision or an award rendered hereunder, or to obtain interim relief, neither a party nor an arbitrator may disclose the existence, content or results of any arbitration hereunder without the prior written consent of Employer and Executive.

	Survival.  Executive's obligations under the provisions of Paragraphs 10, 11 and 12, as well as the provisions of Paragraphs 6, 7(b), 8 and 15 through and including 23, shall survive the termination or expiration of this Agreement.

	Construction.  Each party has cooperated in the drafting and preparation of this Agreement.  Therefore, in any construction to be made of this Agreement, the same shall not be construed against any party on the basis that the party was the drafter.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
AMERICAN SEAFOODS GROUP LLC:

 

By:/s/ Brad Bodenman

Name:  Brad Bodenman

Title: CFO

 

EXECUTIVE:

 

/s/ Bernt O. Bodal

Bernt O. Bodal

 

AMERICAN SEAFOODS:

AMERICAN SEAFOODS, L.P.

By:ASC Management, Inc.

 

By: /s/ Brad Bodenman

Name:  Brad Bodenman

Title:  CFO

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