Document:

INTERACTIVE TELEVISION CONTENT SERVICE AGREEMENT

This Agreement is made on March 10, 2003 between:

(1) TWO WAY TV LIMITED, a company incorporated and organized under the laws of
England and Wales (Registered No. 2662112), having its principal place of
business at Beaumont House, Kensington Village, Avonmore Road, London W14 8TS
(hereinafter referred to as "TWOWAY TV"), and (2) ZONE4PLAY (CY) LIMITED, a
company duly incorporated and organized under the laws of Cyprus (Registered No.
135752), having its principal place of business at 5 Hytron Street, Nicosia
1075, Cyprus, together with Zone4Play Israel Limited, a company duly
incorporated and organized under the laws of Israel (Registered No. 513131094),
having its principal place of business at 3B Ha'Shlosha St., Tel Aviv 67060,
Israel shall hereinafter be referred to jointly and separately as "CONTENT
PARTNER".

RECITALS

1.    TwoWay TV operates an interactive television service that is already is
      and will be accessible to subscribers of the digital cable television
      platforms operated by ntl and Telewest in the United Kingdom Of Great
      Britain and Eire.

2.    Content Partner provides applications and content for digital interactive
      television platforms for various channels, networks and other entities
      worldwide.

3.    Each Party has the necessary experience, knowledge, technology, competent
      personnel and capacity to perform and meet successfully all its
      obligations under this Agreement.

4.    TwoWay TV wishes to receive from Content Partner and Content Partner
      wishes to provide to TwoWay TV interactive applications and content for
      distribution by TwoWay TV as part of its interactive television service
      for access via the digital cable television platforms operated by ntl and
      Telewest in the United Kingdom and Ireland, and pursuant to the terms and
      conditions set out in this Agreement.

THE PARTIES AGREE AS FOLLOWS:

2.    DEFINITIONS AND INTERPRETATION

1.1.  In this Agreement, including the Recitals and Schedules, the words and
      expressions mentioned in Schedule 1 of this Agreement shall have the
      meaning set out in that Schedule unless the context otherwise requires.

1.2.  In this Agreement unless otherwise specified:

a.    the expression "including" or "include(s)" shall mean "including but not
      limited to";

b.    a person shall mean any person, individual, company, firm, corporation,
      government, state or agency of any state or any undertaking or
      organization (whether or not having separate legal personality and
      irrespective of the jurisdiction in or under the law of which it is
      incorporated or exists;

c.    a Party shall mean a Party to this Agreement and includes its permitted
      assignees and/or the successors in title to that part of its undertaking
      which includes this Agreement;

d.    references to recitals, clauses or schedules are to the recitals and
      clauses of and schedules to this Agreement;

e.    the recitals, the schedules and, where relevant, the appendixes form an
      operative part of this Agreement and references to this Agreement shall,
      unless the context otherwise requires, include references to the recitals,
      schedules and the appendixes;

f.    words denoting the singular shall include the plural and vice versa and
      words denoting any gender shall include all genders; and

g.    headings are for information only and shall not be taken into account when
      construing the meaning of this Agreement.

2.    CONTENT SERVICE - THE PARTIES' RESPONSIBILITIES

2.1.  Under the terms and conditions of this Agreement, Content Partner shall
      develop, host, maintain and provide the Content Service and TwoWay TV
      shall make the Content Service available to Subscribers as a "Play 4 Fun
      Casino Zone" from the interactive games menu of the Channel as distributed
      under by TwoWay TV its current carriage arrangements with each of the
      Cable Networks.

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2.2.  Content Partner shall at its cost and in accordance with the Launch
      Timetable and the terms and conditions of this Agreement:

(i)   develop and build the Content Service in compliance with the Full
      Specification;

(ii)  comply with its obligations under Clause 3 (Pre-Production, Development,
      Testing & Acceptance);

(iii) from the Commercial Launch and thereafter throughout the Term, host,
      operate and maintain the Content Server on a twenty four (24) hour seven
      (7) days per week basis as a continuous uninterrupted service, so as to
      enable a Subscriber to request the Content Service from the Content
      Service page (accessed via the Channel's interactive games menu) via the
      STB modem out-of-band and cause a software application to download and
      open in the STB resulting in the transmission of a broadcast data stream
      including application specific data which will enable a Subscriber to
      interact with the Content Service (or part thereof) selected;

(iv)  use the Billing System for all Subscriber payment transactions within the
      Content Service and shall not use any alternative method of charging
      Subscribers for any products or services within the Content Service;

(v)   refresh and update the Content Service in accordance with the Full
      Specification;

(vi)  operate, maintain and refresh leader-boards within the Content Service in
      accordance with the Full Specification; and

(vii) during the Term provide and maintain the Service Level Agreement.

2.3.  TWTV shall at its cost and in accordance with the Launch Timetable and the
      terms and conditions of this Agreement:

(i)   provide such technical advice and assistance as may be necessary to enable
      the Content Partner to fulfil its obligations under paragraph 2.2 to the
      limits set out in paragraph 3.6

(ii)  provide the Content Creation Kit;

(iii) comply with its obligations under Clause 3 (Pre-Production, Development,
      Testing & Acceptance);

(iv)  from the Commercial Launch and throughout the Term, provide and maintain a
      web link to the Content Service page (accessed via the Channel's
      interactive games menu) to enable a Subscriber to request the Content
      Service via the STB modem out-of-band and cause a software application to
      download and open in the STB resulting in the transmission of a broadcast
      data stream including application specific data which will enable a
      Subscriber to interact with the Content Service (or part thereof)
      selected;

(v)   make the Content Service available to Subscribers as a "Play 4 Fun Casino
      Zone" page from the interactive games menu of the Channel as distributed
      under its current carriage arrangements with each of the Cable Networks
      from the Commercial Launch and throughout the Term as a continuous
      uninterrupted service, except in the event of the circumstances set out in
      Paragraph 11 or in the case of outages on the Cable Networks themselves
      over which Two Way TV has no control;

(vi)  from the Commercial Launch and throughout the Term, collect the Net
      Subscriber Revenue under the terms of its current carriage arrangements
      with each of the Cable Networks; and

(vii) be strictly prohibited from making any change to the Full Specification
      and/or the Content Service unless agreed with Content Partner in writing
      in advance or as required to do so by a Cable Network or by law

2.4.  Throughout the Term, the Content Partner shall:

(i)   perform its obligations in a professional manner conforming to generally
      accepted industry standards and practices;

(ii)  be strictly prohibited from making any change to the Full Specification
      and/or the Content Service unless agreed with TwoWay TV in writing in
      advance or as required to do so by a Cable Network or by law;

(iii) ensure that following Commercial Launch the Content Service does not
      contain any links to any other content or services or any promotion,
      marketing or advertising unless agreed to between the Parties in writing
      in advance; and

(iv)  ensure that the quality of the Content Service provided shall be no less
      than the quality of any similar content service which the Content Partner
      provides to any other digital television network operator or interactive
      service provider having the same infrastructure and technical capabilities
      as the Cable Networks.

2.5.  During the Term, the Content Service shall be provided to TwoWay TV for
      use on the Cable Networks in the Territory on a strictly exclusive basis.
      During the Term and provided TwoWay TV meets its obligations under this
      Agreement, TwoWay TV shall be and remain the Content Partner's exclusive
      integrator and distributor on the Cable Networks of the Content Partner's
      fixed odds betting and gaming content and services. With respect to any
      future features or products including but not limited to fixed odds
      betting and gaming content and services, the parties shall prior to the
      Content Partner approaching a Cable Network or any third party favorably
      discuss the terms of distribution by TwoWay TV. During the Term, TwoWay TV
      undertakes that it will not distribute for use on the Cable Networks any
      third party content service containing the same games as those described
      in the Specification.

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2.6.  For the avoidance of doubt hacking activities by third parties affecting
      the proper working of the Content Service which are beyond Content
      Partner's or TwoWay TV's reasonable means of control as a professional
      operator shall be considered a Force Majeure.

3.    TESTING & ACCEPTANCE

3.1   Pre-Production and Development

(i)   The Parties have agreed an initial specification for the Content Service
      (attached hereto as Schedule 2) (the "SPECIFICATION").

(ii)  The Content Partner shall undertake the pre-production work in accordance
      with the Specification, and provide a full navigational structure,
      storyboard, designs for all key screens within the Content Service and the
      text copy for all help screens, 'terms and conditions' and other areas of
      text within the Content Service (the "FULL SPECIFICATION"). These will be
      provided to and agreed with TwoWay TV. TwoWay TV shall provide all
      reasonable assistance to the Content Partner in connection with such
      pre-production work.

(iii) The Content Partner shall undertake the development work of the Content
      Service to the Full Specification at its own premises using the Content
      Creation Kit provided by Two Way TV. The Content Partner shall undertake
      all such development work at its own cost. As part of the development work
      the Content Partner shall integrate the Billing Module into the Content
      Service in accordance with TwoWay TV's instructions. Two Way TV shall
      provide all reasonable assistance to the Content Partner in connection
      with the development work.

3.2   QA Testing

(i)   Following completion of the development work pursuant to Clause 3.1(iii)
      and to Two Way TV's satisfaction, Content Partner's shall in accordance
      with the Launch Timetable and at its cost carry out its own internal
      quality assurance testing of the Content Service at Content Partner's
      premises against development STBs representative of the STBs as then in
      use on the Cable Networks to verify compliance with the Full
      Specification, that the user interaction is robust and reliable, and to
      demonstrate that the Content Service will operate effectively on the Cable
      Networks without defect or without causing any adverse effect to the Cable
      Networks ("QA TESTING").

(ii)  To the extent the QA Testing reveals any program error or bug in the
      Content Service arising from the development work performed by Content
      Partner ("ERROR"), Content Partner shall promptly remedy any such Error
      without additional cost or expense to TwoWay TV.

(iii) TwoWay TV shall provide all reasonable assistance to Content Partner in
      connection with the QA Testing.

3.3   User Acceptance Testing

(i)   Upon completion of the QA Testing, Content Partner will in accordance with
      the Launch Timetable deliver the Content Service to TwoWay TV, together
      will a full set of user acceptance tests (test scripts) and TwoWay TV will
      in accordance with the Launch Timetable and at its cost carry out user
      acceptance testing at TwoWay TV's premises on the relevant Cable Network
      consumer STBs to verify that the Content Service has been developed in
      accordance with the Full Specification ("USER ACCEPTANCE TESTING").

(ii)  The Content Partner shall provide all reasonable assistance to TwoWay TV
      in connection with the User Acceptance Testing.

(iii) To the extent that the Content Service (or part thereof) fails to pass the
      User Acceptance Testing due to either an Error or a discrepancy in the
      Content Service's gameplay and features from the Full Specification
      ("Discrepancy"), this will be documented by TwoWay TV, together with
      evidence of the context in which the Bug or the Discrepancy is discovered
      (including in the case of an Error a video recording of this, where
      possible), and provided to Content Partner for resolution. Content Partner
      shall and at its cost promptly remedy any such Error or Discrepancy
      without additional cost or expense to TwoWay TV.

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(iv)  After resolution of any Error or Discrepancy, Content Partner will
      re-deliver the updated version of the Content Services (or part thereof)
      to TwoWay TV together with evidence of such resolution. TwoWay TV will
      re-submit the Content Services (or part thereof) for further User
      Acceptance Testing for verification that any Error or Discrepancy has been
      properly resolved. The Content Partner shall provide all reasonable
      assistance to TwoWay TV in connection with the resolution of any Error or
      Discrepancy.

3.4   Network Review

(i)   Upon completion of the User Acceptance Testing and TwoWay TV's sign-off of
      this project stage, Content Partner will in accordance with the Launch
      Timetable deliver a final release of the Content Services to TwoWay TV and
      TwoWay TV will in accordance with the Launch Timetable submit such final
      release of the Content Services to the relevant Network for the Network's
      final review and acceptance prior to Commercial Launch ("NETWORK REVIEW").

(ii)  Each Party shall provide all reasonable assistance to the Network in
      connection with the relevant Network Review.

(iii) To the extent that the Content Services (or part thereof) fails to pass
      the Network Review due to an Error discovered as part of the Network
      Review this will be documented by TwoWay TV, together with evidence of the
      context in which the Error is discovered (including a video recording of
      this, where possible), and provide to Content Partner for resolution.
      Content Partner shall promptly remedy any such Error without additional
      cost or expense to TwoWay TV and provide this to TwoWay TV to re-submit
      such final release for the Network Review.

(iv)  After the Content Services have passed a Network Review, Content Partner
      shall deliver to TwoWay TV a final Cable Network approved release of the
      Content Service not later than one (1) week before the Commercial Launch.
      Failure to do this shall entitle TWTV (without prejudice to its other
      rights and remedies) and at its sole discretion terminate this Agreement
      by giving written notice of fourteen (14) Working Days to the Content
      Partner.

(v)   If, after thirty (30) days of notification of any Error to the Content
      Partner, any part of the Content Services continues to fail the Network
      Review due to such Error, provided that such failure is not due to or
      caused by any Outside Factor, TwoWay TV may (without prejudice to its
      other rights and remedies) and at its discretion decide to either accept
      all or part of the Content Services "as is" or terminate this Agreement
      upon giving written notice to the Content Partner.

3.5   Changes

(i)   The Parties agree that the costs related to any request from TwoWay TV for
      any changes to the Content Service, after TwoWay TV has completed User
      Acceptance Testing and has approved the Content Service for submission to
      Network Review, which affect the lay-out of the Content Service and
      (cumulatively) do not fall within the scope of the Full Specification
      shall be borne by TwoWay TV, unless such changes are a result of
      unforeseen requests by the Cable Networks or in order to comply with local
      regulations or law governing such Content Services. Such costs shall not
      be incurred unless agreed in writing before any work takes place to
      implement such changes.

(ii)  The Parties agree that costs, related to any further changes to the
      Content Service after the delivery by Content Partner of the Content
      Service for the Network Review, shall be agreed between them.

3.6   Extent of Two Way TV Support

(i)   Notwithstanding Clause 12, TwoWay TV may at its sole discretion terminate
      this Agreement by written notice if it is obliged to provide in excess of
      twenty (20) Working Days to fulfil its obligations to make the Content
      Service available within the Channel under Clause 2 or Clause 3 of this
      Agreement. TwoWay TV shall provide the Content Partner with a weekly
      report broken down by activity showing the number of Working Days (or
      working hours as part thereof) incurred to that point in time.

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4.    REVENUE GENERATION

Except if (and only to the extent) otherwise provided for in this Agreement, the
      only sources of revenue from the Content Service for both Parties arising
      from this Agreement will be those specified in Schedule 5 and in
      accordance with the provisions set out in that Schedule.

5.    FEES, REVENUE SHARING AND PAYMENT

5.1.  Each Party shall be remunerated with respect to the Content Service in
      accordance with the revenue splits set out in Schedule 6.

5.2.  If one Party is liable to pay a share of revenue generated in accordance
      with Schedule 5 to the other Party it shall within thirty (30) days of the
      end of each calendar month send to the other Party a statement setting out
      all the revenue generated during that month due to be shared and the share
      due to the other Party in accordance with Schedule 6. The Party receiving
      the statement shall send the other Party an invoice for its share, which
      shall be payable in accordance with Clause 5.3.

5.3.  The amounts due by one Party to the other Party shall be paid to the bank
      account specified by such Party, within the later of thirty (30) days
      after receipt of an original invoice or within five (5) days of receipt of
      the revenue generated in accordance with Schedule 5. Such invoice shall
      include all details reasonably required and notified by the Party that is
      under the obligation to pay. Invoices will be sent on a monthly basis,
      unless expressly stated otherwise in this Agreement. The amounts that are
      invoiced are deemed to include all applicable costs, but are exclusive of
      taxes. Interest shall be payable on any overdue payments by either Party
      at the rate of 2% per annum above the base rate of HSBC or the maximum
      rate permitted by law, whichever is less applicable at the end of the
      business day on the date when such payments first become overdue until the
      date on which such payment is made.

5.4.  The Parties shall during the Term and for one year thereafter maintain
      full and accurate records to enable either Party to verify the other
      Party's compliance with the terms of this Agreement, including all
      payments due to either Party.

5.5.  Either Party may appoint an independent auditor to examine the other
      Party's records for the purpose of verifying the other Party's compliance
      with the terms of this Agreement including all payments due to either
      Party, at the following times: (1) once a year during the Term and once in
      the following year and (2) if and when that Party has, at any stage during
      the Term, reasonable grounds to suspect that the other has materially
      failed to comply with its payment obligations. Any audit conducted under
      this Clause shall be at the cost of the Party appointing the auditor and
      such Party shall give the other not less than fifteen (15) working days
      prior written notice of its intention to audit. Any such audit shall be
      conducted during normal working hours and the fees of the auditor are not
      to any extent to be contingent on the results of the audit. Sums which are
      shown by the audit to have been underpaid by either Party shall be paid to
      the other Party forthwith together with interest (calculated in accordance
      with Clause 5.5) and if such underpayment equals or exceeds ten (10)% of
      the total amounts paid to the other Party in respect of the period which
      is the subject to the audit, the Party that made such underpayment shall
      reimburse the other Party for all reasonable expenses and costs incurred
      by that Party in connection with such audit.

6.    BRANDING AND MARKETING OF THE CONTENT SERVICE / TRAFFIC AND USAGE
      REPORTING

6.1.  Unless otherwise provided for in Schedule 7, Content Partner is and
      remains the exclusive owner of any Content Service Marks that do not
      comprise of Two Way TV's Marks. The Content Service Marks on the date of
      the Commercial Launch shall be as specified in Schedule 7. The Content
      Partner shall not change the Content Service Marks without the prior
      written agreement of TwoWay TV, and all necessary re-development work to
      the Content Service resulting from such change shall be undertaken by the
      Content Partner at its cost.

6.2   Two Way TV is and remains the exclusive owner of the TwoWay TV Marks. The
      TwoWay TV Marks on the date of the Commercial Launch shall be as specified
      in Schedule 7. In case TwoWay TV decides to change the TwoWay TV Marks it
      shall give reasonable notice of that change to the Content Partner, and
      all necessary re-development and/or integration work to the Content
      Service resulting from such change shall be at TwoWay TV's cost.

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6.3.  The Parties shall comply with the provisions of Schedule 7 concerning the
      Marks and the promotion and marketing of the Content Service.

6.4   In addition to the other obligations specified in this Clause 6, TwoWay TV
      and Content Partner shall use their reasonable endeavours (and where
      appropriate shall co-operate) to promote the Content Service and the
      Channel, as the case may be, in all appropriate marketing media approved
      by both Parties in writing with a view to increase the number of
      Subscribers using the Content Service.

6.5   The Parties shall keep each other informed on a monthly basis of the
      traffic and usage of the Content Service by the Subscribers. Such
      reporting shall contain all the information as specified in Schedule 8.

6.6   Parties agree that at the Commercial Launch, and from time to time after
      the Commercial Launch during the Term, press releases will be issued
      jointly and with the agreement in writing of both the Parties regarding
      the Content Service and any update or upgrade.

7.    INTELLECTUAL PROPERTY RIGHTS

7.1   Content Partner grants to TwoWay TV a non-exclusive, license during the
      Term to cache, electronically store, use, display, communicate and make
      available to Subscribers, and to transmit, distribute, broadcast, stream
      and encode the Content Service (as necessary and in whole or in part) for
      the following purposes:

(i)   to make the Content Service available within the Channel for distribution
      under its current carriage arrangements with each of the Cable Networks in
      the Territory; and

(ii)  for inclusion in any promotional or other advertising materials for TwoWay
      TV's business for the purposes of marketing, advertising and promoting the
      Content Service and the Channel, alone or in association with other
      content partners of TwoWay TV.

7.2.  During the Term TwoWay TV shall be allowed to make and retain copies of
      the materials supplied by Content Partner to TwoWay TV under this
      Agreement solely for the purposes of TwoWay TV properly fulfilling its
      obligations under this Agreement, including any back-up purposes, in order
      to ensure the continuity of making the Content Service available to
      Subscribers from the Channel for distribution on the Cable Networks until
      this Agreement is terminated or expires, whereby upon expiry and/or
      termination TwoWay TV shall return such materials to Content Partner.

7.3.  During the Term Content Partner hereby grants to TwoWayTV a non-exclusive,
      license to use the Content Service Marks for the purposes of including
      these within the Channel and marketing and promoting the Content Service
      as part of the Channel. TwoWay TV acknowledges that the license of rights
      granted under this Clause 7.3 does not confer any rights of ownership in
      the same to TwoWay TV and that such rights together with all goodwill
      associated with them are and will remain the exclusive property of Content
      Partner. TwoWay TV shall promptly cease all use of all of Content
      Partner's Marks upon the expiry or earlier termination (howsoever caused)
      of this Agreement and, shall immediately return all relevant materials and
      information provided to it by Content Partner. TwoWay TV shall not do or
      omit to do any act, which may impair or offend the validity of Content
      Partner's rights regarding Content Partner's Marks or in any way diminish
      such rights.

7.4   For the Term TwoWay TV hereby grants to Content Partner a non-exclusive,
      license to use the TwoWay TV Marks for the purposes of including these
      within the Content Service and marketing and promoting the Content Service
      as part of the Channel. Content Partner acknowledges that the license of
      rights granted under this Clause 7.4 does not confer any rights of
      ownership in the same to Content Partner and that such rights together
      with all goodwill associated with them are and will remain the exclusive
      property of TwoWay TV. Content Partner shall promptly cease all use of all
      of TwoWay TV Marks upon the expiry or earlier termination (howsoever
      caused) of this Agreement and, shall immediately return all relevant
      materials and information provided to it by TwoWay TV. Content Partner
      shall not do or omit to do any act, which may impair or offend the
      validity of TwoWay TV's rights regarding the TwoWay TV Marks or in any way
      diminish such rights.

7.5   All rights, title and interest, including Intellectual Property Rights, in
      the Content Service (excluding for the avoidance of doubt any TwoWay TV
      Materials) comprehensively belong to, are controlled by or licensed to
      Content Partner and Content Partner or its licensors (as the case may be)
      retain all such rights, title and interest, including the Intellectual
      Property Rights. TwoWay TV shall not acquire or claim any right or title
      to any of the foregoing by virtue of the rights granted under this
      Agreement.

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7.6   All rights, title and interest, including Intellectual Property Rights, in
      the Channel and in all and any TwoWay TV Materials comprised within of
      supporting the Channel (and its functionality, broadcast, operation and
      management) or as provided as a component part of the Channel are
      expressly reserved by TwoWay TV and its licensors and TwoWay TV and its
      licensors (as the case may be) retain all such rights, title and interest,
      including the Intellectual Property Rights in all and any Two Way TV
      Materials. Content Partner shall not acquire or claim any right or title
      to any of the foregoing by virtue of the rights granted under this
      Agreement.

8.    WARRANTIES AND INDEMNITIES

8.1.  Content Partner warrants and undertakes to TwoWay TV that, at all times
      during the Term:

(i)   it has full power and authority to enter into and to perform its
      obligations under this Agreement;

(ii)  all corporate or other action required to authorise the execution and
      performance by such party of its obligations hereunder has been duly
      taken;

(iii) the signing and delivery of this Agreement and the performance of any of
      the Subscriber payment transactions contemplated in it will not contravene
      or constitute a default under any provision contained in any agreement,
      instrument, law, judgement, order, licence, permit or consent by which
      that party is bound;

(iv)  the Content Service and any services or updates provided to Subscribers as
      part of the Content Service and shall comply with all applicable laws,
      government rules and regulations, in the Territory;

(v)   the Content Service will not be defamatory, offensive, obscene,
      pornographic or racist;

(vi)  it owns or controls sufficient of the Intellectual Property Rights in the
      Territories in the Content Service and the Content Partner Marks to
      provide the Content Service and the Content Partner Marks to TwoWay TV in
      accordance with the terms of this Agreement;

(vii) the distribution of the Content Service by TwoWay TV within the Channel on
      the Cable Networks in accordance with this Agreement will not infringe or
      make unlawful use of any Intellectual Property Right of any third party or
      infringe the moral rights of any person; and

(viii) it possesses or shall obtain and shall maintain at its own expense all
      necessary permits, approvals and consents to advertise, operate and
      maintain any services provided to Subscribers as part of the Content
      Service including to conduct any Subscriber payment transactions.

8.2.  Content Partner shall indemnify and keep TwoWay TV fully and effectively
      indemnified on demand from and against any and all costs, losses, expenses
      (including all courts costs, reasonable attorney's fees and expenses),
      penalties, damages and liabilities incurred by TwoWay TV arising out or in
      connection with any claim, allegation or action brought against TwoWay TV
      by any third party and/or arising out of or in connection with a breach of
      any of Clauses 8.1(i) to 8.1(viii) up to a maximum aggregate sum of
      (pound)500,000 (five hundred thousand pounds).

8.3   Two Way TV warrants and undertakes to Content Partner that:

(i)   it has full power and authority to enter into and to perform its
      obligations under this Agreement;

(ii)  all corporate or other action required to authorise the execution and
      performance by such party of its obligations hereunder has been duly
      taken;

(iii) the signing and delivery of this Agreement and the performance of any of
      the Subscriber payment transactions contemplated in it, except those
      relating the Content Service itself, will not contravene or constitute a
      default under any provision contained in any agreement, instrument, law,
      judgement, order, licence, permit or consent by which that party is bound;

(iv)  it shall make the Content Service available to Subscribers as a "Play 4
      Fun Casino Zone" from the interactive games menu of the Channel as
      distributed under its current carriage arrangements with each of the Cable
      Networks from the Commercial Launch and throughout the Term, to the extent
      it is permitted to do so by those carriage arrangements; and

(v)   it possesses or shall obtain and shall maintain at its own expense all
      necessary permits, approvals and consents to advertise, operate and
      maintain the Channel for distribution on the Cable Networks.

8.4   TwoWay TV shall indemnify and keep Content Partner fully and effectively
      indemnified on demand from and against any and all costs, losses, expenses
      (including all courts costs, reasonable attorney's fees and expenses),
      penalties, damages and liabilities incurred by Content Partner in relation
      to any claim, allegation or action brought against Content Partner by any
      third party and/or arising out of or in connection with a breach of any of
      Clauses 8.3(i) to 8.3(v) up to a maximum aggregate sum of (pound)500,000
      (five hundred thousand pounds).

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9.    LIMITATION OF LIABILITY

9.1.  Subject to the other provisions of this Clause 9 and to the extent
      permitted by law, the liability of each Party to the other arising out of
      or in connection with this Agreement shall be limited to loss or damage
      arising directly out of any breach of that Party's obligations or
      warranties under this Agreement and neither Party shall be liable to the
      other, nor (as the case may be) to the other Party's sub-licensees or
      sub-contractors, in contract, tort (including negligence and breach of
      statutory duty) or otherwise for any indirect or consequential loss or
      damage (including loss of profits, anticipated savings, loss of customers
      or business opportunities) arising out of or in connection with this
      Agreement, even if such loss or damage was reasonably foreseeable or if
      that Party had been advised of the possibility of the other incurring the
      same, other than those for which the Parties have expressly assumed
      liability under this Agreement.

9.2.  Each Party's liability under this Agreement, shall be limited to direct
      loss or damage and shall not exceed a maximum aggregate of (pound)100,000
      (one hundred thousand pounds) in respect of one incident or series of
      incidents arising out of a common cause in each 12 month period during the
      Term.

9.3.  Nothing in this Clause 9 shall be construed to exclude the liability of
      either Party for death or personal injury arising from its negligence.

9.4.  Should any provision contained in this Clause 9 be held to be invalid
      under any applicable statute or rule of law, it shall to that extent be
      deemed omitted.

10.   EXTERNAL COMMUNICATIONS - CONFIDENTIALITY

10.1. External Communications:

      Subject to Clause 6.6, neither Party may issue any statement or external
      communication concerning the subject matter of this Agreement and the
      Parties' relationship thereunder without the prior written consent of the
      other Party. In case there is such consent, the Parties shall agree,
      before any such statement or external communication is issued to any third
      party or to the public, on the timing and the content of such statement or
      external communication. Each Party shall cause its respective
      Representatives to adhere to the obligations set forth in this Clause
      10.1.

10.2. Confidential Information:

(i)   Content Partner and TwoWay TV each agree that it shall keep confidential
      the terms; conditions and provisions of this Agreement and it shall cause
      its respective Representatives to adhere to this obligation.

(ii)  Neither Party shall disclose in any way, neither directly nor indirectly,
      neither orally nor in writing or by any other means, the nature and
      contents of the relationship with the other Party, as well as the
      Information which it becomes aware of in connection with the activities
      contemplated by this Agreement, to any third parties, except with the
      explicit consent of the other Party.

(iii) With respect to Confidential Information disclosed under this Agreement,
      unless otherwise mutually agreed upon in writing, the receiving Party and
      its Representatives shall: (a) hold the Confidential Information in strict
      confidence, exercising a degree of care not less than the care used to
      protect its own confidential or proprietary information from disclosure,
      and in no event less than a reasonable degree of care; (b) restrict
      disclosure of the Confidential Information solely to those Representatives
      with a need to know and not disclose it to any other person; (c) advise
      those Representatives of their confidentiality obligations with respect to
      the Confidential Information; (d) reproduce, distribute or use the
      Confidential Information solely and strictly in connection with and where
      necessary for the performance of the receiving Party's obligations under
      this Agreement.

(iv)  Each Party shall take all reasonably necessary measures to restrain its
      Representatives from the unauthorized disclosure or use of Confidential
      Information.

(v)   Confidential Information shall be deemed the property of the disclosing
      Party and nothing contained in this Clause 10.2 shall be construed as
      granting or conferring to the receiving Party any rights or title, by
      license or otherwise, in any Confidential Information disclosed, or under
      any Intellectual Property Right of the disclosing Party.

(vi)  In the event that the receiving Party (a) needs to make disclosures of
      Confidential Information for securities law purposes, or (b) is required
      by law, regulation, government agency or court order, discovery request,
      subpoena, or civil investigative demand to disclose any Confidential
      Information, in the case of (a) the receiving Party shall provide the
      disclosing Party with prompt written notice so that the disclosing Party
      can work with the receiving Party to limit the disclosure to the greatest
      extent possible consistent with legal obligations (provided that
      disclosure of the name of the disclosing Party shall never be made without
      that Party's prior written consent); or in the case of (b) the receiving
      Party shall use its reasonable efforts to minimize such disclosure and to
      obtain an assurance that the receiving third party shall accord
      confidential treatment to the Confidential Information, and shall notify
      the disclosing Party contemporaneously of such disclosure.

                                  PAGE 8 OF 24
<PAGE>

(vii) The obligations of confidentiality, use and care in Clause 10.2 shall
      expire five (5) years from receipt of the particular Confidential
      Information, regardless of termination or expiration of this Agreement.

10.3. Each Party shall be responsible for any breach of this Clause 10 by any of
      its respective Representatives.

11.   SUSPENSION - REMOVAL OF THE CONTENT SERVICE

11.1. Notwithstanding Clauses 2.3(v), 3.4(iv) and (v), and 8.3(iv), TwoWay TV
      may, at its sole discretion and without being liable in any way to Content
      Partner, immediately suspend the distribution of the Content Service to
      the Subscribers and/or remove the Content Service from the Channel, or
      where TwoWay TV is obligated to do so to comply with an order, instruction
      or request of a Cable Network or any governmental, regulatory or judiciary
      authority.

11.2  Based on the specific circumstances (including the degree of urgency)
      TwoWay TV shall use its reasonable endeavours to notify to Content Partner
      beforehand of its intention to suspend the distribution of the Content
      Service to the Subscribers and remove the Content Service from the Channel
      either in whole or in part. TwoWayTV may, at its sole discretion, display
      any appropriate notice to warn Subscribers or to provide them with the
      appropriate explanation with respect to such suspension and removal.

12.   TERM AND TERMINATION

12.1. Unless terminated as provided herein, this Agreement shall come into full
      force and effect and becomes legally binding from the Effective Date and
      shall continue for a period of twelve (12) calendar months from the date
      of the Commercial Launch.

12.2. Notwithstanding the provisions under Clause 12.1, either party may
      terminate this Agreement on three (3) months notice to the other.

12.3. Notwithstanding the provisions under Clause 12.1, this Agreement may be
      terminated by either Party (the "notifying Party") immediately upon
      receipt of notice, in the event that the other Party has breached a
      material term or condition of this Agreement (to be considered as a
      "material breach", as defined in Schedule 1) or has persistently breached
      a non-material term or condition and that Party has not cured such
      material or persistent non-material breach within thirty (30) days after
      receipt of a written notice from the first Party specifying such material
      or persistent non-material breach. Such notice shall be given by the
      notifying Party as soon as reasonably possible following the date on which
      the notifying Party becomes aware of the material breach or the persistent
      non-material breach.

12.4. Either Party may terminate this Agreement with immediate effect by giving
      notice to the other if that other Party (the "defaulting Party") shall
      have a receiver or an administrative receiver appointed over it or over
      any part of its undertaking or assets or shall pass a resolution for
      winding up (otherwise than for the purpose of a bona fide scheme of
      solvent amalgamation or reconstruction) or a court of competent
      jurisdiction shall make an order to that effect or it shall make an
      application to a court of competent jurisdiction for protection from its
      creditors generally, or if it shall become subject to an administrative
      order or shall enter into any voluntary agreement with its creditors or
      shall cease or threaten to cease to carry on business or a similar event
      occurs in respect of the defaulting Party in any other jurisdiction.

12.5. Except if (and to the extent) expressly otherwise provided for in this
      Agreement, the termination of this Agreement shall be without prejudice to
      the accrued rights and obligations of the Parties and shall not affect any
      term of this Agreement which expressly or by implication is intended to
      survive such termination, including Clauses 8, 9 and 10.

13.   ASSIGNABILITY

      Neither Party may assign or sub-license any of its rights or sub-contract
      any of its obligations under this Agreement without the prior written
      consent of the other Party (which shall not be unreasonably withheld or
      delayed). In the event of such assignment, sub-licensing or
      sub-contracting to a third party with the other Party's prior written
      consent, the Party assigning or sub-licensing any of its rights or
      sub-contracting any of its obligations shall remain fully liable for the
      performance thereof in the event and to the extent that the assignee fails
      to perform any of those obligations. However, each Party may assign,
      sub-contract, sub-license or delegate any of its rights, obligations or
      liabilities under this Agreement, either in whole or in part, without the
      prior written consent of the other Party, to any of its Affiliates.

                                  PAGE 9 OF 24
<PAGE>

14.   NOTICES AND CONTACT DETAILS

14.1. All notices under this Agreement shall be given in writing and be deemed
      received:

-     if sent via courier on the date of delivery;

-     if personally delivered, on the date of delivery;

-     if sent via registered mail, return receipt requested, on the date of
      delivery of the letter; or

-     if sent by facsimile, on the date of receipt provided that a valid
      facsimile success report has been obtained.

      The address of the Parties for delivery of notices is set forth above.
      Either Party may change such address and numbers by notice to the other
      Party. All notices to be served on TwoWay TV shall be sent to the contract
      manager mentioned in Schedule 9.

14.2. The contact details of the representatives of both Parties in charge of
      the day-to-day management and implementation of this Agreement are
      specified in Schedule 9.

15.   PROTECTION OF PERSONAL DATA - RELATIONSHIP WITH THE SUBSCRIBERS

15.1. Each Party in performing its obligations hereunder shall comply with the
      Data Protection Act 1998 and any directions issued by the Data Protection
      Registrar in relation to such obtaining, storage and use of personal data
      as may be required or carried out under this Agreement.

15.2. The ownership of all rights in the Data generated by the Content Service
      shall vest in the Party who creates and operates any such databases and
      shall be used solely for and only to the extent necessary for the
      performance of its obligations hereunder. It is hereby acknowledged and
      agreed by Content Partner that any Data created or held by Content Partner
      shall be held as agent for TwoWay TV or the relevant Cable Network (as the
      case may be). The Content Partner shall not, under any circumstance pass
      any Data to third parties or to use it for marketing or promotional
      activities or for any other purpose without the prior written consent of
      both TwoWay TV and the Subscriber concerned or as expressly authorised to
      do so by the relevant Cable Network in writing.

15.3. Each Subscriber accessing or using the Content Service or any part thereof
      is and remains at all times during the Term, the exclusive customer of
      TwoWay TV, even in the event that Content Partner would have one or
      several direct contacts with and/or access to any Data of such Subscriber.

16.   GOVERNING LAW - JURISDICTION

      This Agreement shall be governed by and construed under the laws of
      England and Wales and TwoWay TV and Content Partner hereby agree that the
      competent court in London, UK shall have sole and exclusive jurisdiction
      over any disputes between them in connection with this Agreement.

17.   MISCELLANEOUS

17.1. Neither Party shall be liable to the other for any delay or
      non-performance of its obligations hereunder arising from an event
      constituting Force Majeure. The Party whose performance is prevented or
      delayed shall give prompt written notice to the other Party of the event
      and shall be excused from performance to the extent delayed or prevented
      by Force Majeure, provided that the Party whose performance is prevented
      or delayed shall take reasonable steps to avoid or remove such causes of
      non-performance and shall resume performance whenever and to the extent
      such causes are removed. If it appears that performance shall be
      interrupted for more than thirty (30) days due to Force Majeure, either
      Party may terminate this Agreement. TwoWayTV shall not be required to pay
      any fees over a period during which the Content Service could not be
      provided or was interrupted because of Force Majeure.

17.2. A waiver of any term, provision or condition of or consent granted under
      this Agreement or a waiver by either Party of any breach or default by the
      other Party shall be effective only if given in writing and signed by the
      waiving or consenting Party and then only in the instance and for the
      purpose for which it is given.

                                 PAGE 10 OF 24
<PAGE>

17.3. Nothing in this Agreement shall be deemed to create any joint venture,
      partnership or principal agent relation between the Parties hereto, and no
      Party shall hold itself out in advertising or otherwise in any manner,
      which would indicate or imply any such relationship with the other.

17.4. This Agreement contains the entire agreement between Parties respecting
      the subject matter of this Agreement and supersedes all prior
      understandings and arrangements respecting the subject matter of this
      Agreement.

17.5. The Parties agree to do all such acts and things and/or execute or procure
      the execution of all such documents that are from time to time required to
      give full meaning and effect to this Agreement.

17.6  In the event that any of the provision of this Agreement shall be found by
      any court or administrative or regulatory body of competent jurisdiction
      to be invalid or unenforceable, the invalidity or unenforceability of such
      provision shall not affect the other provisions of this Agreement and all
      provisions not affected by such invalidity or unenforceability shall
      remain in full force and effect. The Parties hereby agree to substitute
      for any invalid or unenforceable provision a valid or enforceable
      provision that achieves the economic, legal and commercial objectives of
      the invalid or unenforceable provision.

SCHEDULE 1: DEFINITIONS

"Affiliate" means any corporation, company, or other entity, which exists on the
Effective Date or at any time during the Term and which: (i) is Controlled by a
Party hereto; or (ii) Controls a Party hereto; or (iii) is under common Control
with a Party hereto; an entity is considered an Affiliate only so long as such
ownership or Control exists;

"Billing Module" means code supplied by TwoWay TV for integration with the
Content Service, that enables the Content Service to use the Billing System, as
referred to in Schedule 10;

"Billing System" means TwoWay TV's proprietary transactional management billing
system as described in Schedule 10;

"Cable Network(s)" means the digital television subscription cable networks
operated by ntl and/or Telewest in the Territory;

"Channel" means the TwoWay TV branded interactive television games service
channel, comprising of interactive television content and features, as owned and
operated by Two Way TV and distributed in the Territory via the Cable Networks;

"Commercial Launch" means in accordance with the Launch Timetable the date on
which the Content Service is made commercially available to Subscribers via the
Channel;

"Confidential Information" means all information of a proprietary and/or
confidential nature in relation to the commercial and technical operations,
businesses, organization, projects or any other activities or financial affairs
(including future sales and targets) of the disclosing Party or its Affiliates
provided by or on behalf of the disclosing Party, directly or indirectly, in
whatever form and includes, without limitation, all technical or non-technical
information; financial, accounting, or marketing data; business plans and other
business-related information, studies, analyses, forecasts, predictions or
projections; intellectual property, trade secrets, or know-how; personal or
account information of Subscribers; as well as reports, analyses, studies or any
other materials containing or based upon Confidential Information ; Confidential
Information may take a variety of forms, including documentation, drawings,
specifications, software, samples, technical, or engineering data, or other
physical or electronic writings, as well as oral communications, visual display,
or demonstrations ; Confidential Information also includes any Confidential
Information from Affiliates of the disclosing Party ; Confidential Information
shall not include any information that: (a) was previously known to the
receiving Party free of any confidentiality obligation; (b) is or becomes
publicly available by means other than unauthorized disclosure; (c) is developed
by or on behalf of the receiving Party independent of any Confidential
Information provided by the disclosing Party under this Agreement; or (d) is
received from a third party whose disclosure does not violate any
confidentiality obligation.

"Content Creation Kit" means the technical, branding guidelines and hosting
requirements or specifications of TwoWay TV; a set of production and development
tools including templates and downloads; design guidelines; and occasional
development support to assist Content Partner to build, simulate and publish the
Content Service in accordance with the specifications of the Channel for
distribution on the Cable Networks;

                                 PAGE 11 OF 24
<PAGE>

"Content Management System" means the system that TwoWay TV uses to integrate
and publish content on the Cable Networks' TV platform for interactive TV
services;

"Content Server" means Content Partner's web server on which the Content Service
shall be hosted and maintained by Content Partner to enable a Subscriber to
request the Content Service from the Content Service page (accessed via the
Channel's interactive games menu) via the STB modem out-of-band and cause a
software application to download and open in the STB resulting in the
transmission of a broadcast data stream including application specific data
which will enable a Subscriber to interact with the Content Service (or part
thereof);

"Content Service" means the Content Partner's interactive TV casino games
content, known as "Play 4 Fun Casino Zone" and described in Schedule 2, together
with all related software, source codes, audio and video material, texts,
graphics, still and moving pictures, information, data and tools and links
(branded or otherwise) developed and built by Content Partner for carriage
within the Channel, and shall include any updates or upgrades provided during
the Term;

"Content Service Marks" means the Marks owned by the Content Partner and used
directly and specifically in relation to the Content Service and constituting
the brand identity of the Content Service, being:

     [GRAPHIC OMITTED](R) logo

     ZONE4PLAY - INTERACTIVE GAMING TECHNOLOGY(R) word mark;

"Control" means that more than fifty percent (50%) of a controlled entity's
shares or ownership interest representing the right to make decisions for such
entity are owned or controlled, directly or indirectly, by the controlling
entity; the expression "Controlled" shall be construed accordingly;

"Data" means any personal data, databases, lists and any other information,
including name, address, subscription and usage data, relating to a Subscriber
generated by the Content Service or any part thereof;

"Effective Date" means the date of Commercial Launch;

"Fault" means any non-compliance of all or part of the Content Service or the
manner in which the Content Service is provided and functions or its quality
(globally or partly) with the description and specifications as set out in SLA,
as well as any other faults, errors and failures of the Content Service and
related supporting hardware and/or software;

"Force Majeure" means any cause beyond a Party's reasonable control affecting
the performance by that Party of its obligations hereunder including any act of
God, fire, national or local emergency, acts or omissions of government or
regulatory authority, including regulations or directives) and any act or
omission of persons or bodies beyond the control of the affected Party;

"Full Specification" has the meaning given to it in Clause 3.1(i);

"Gross Advertising Revenue" means all revenue generated from the sale of
advertising within the Content Service;

"Gross Subscriber Revenue" means Subscriber revenue received by the relevant
Cable Network arising specifically from Subscriber payment transactions in
relation to the Content Service;

"Intellectual Property Rights" means all present and future intellectual
property rights which are registered by, owned by or licensed to or otherwise
controlled by a Party or a third party, as the case may be, including: (i)
patents and patent applications; (ii) trade and service marks, logos, design
rights (whether registrable or not) and applications for any of the foregoing;
(iii) all copyright and neighbouring rights, including registrations and
applications for registration thereof; (iv) database rights; (v) domain names;
(vi) software; (vii) confidential and proprietary information, including trade
secrets and know-how; (viii) trade or business names; and (ix) all other
intellectual property rights or related rights which subsist now or in the
future whether registrable or not in any country;

"Launch Timetable" means the timetable set out in Schedule 3;

"Marks" means any trademarks, names, brands, logos, service marks, theme music
and all other elements;

                                 PAGE 12 OF 24
<PAGE>

"material breach" means a breach (including an anticipatory breach) which is
serious in the widest sense of having a serious effect on the benefit which the
non-breaching Party would otherwise derive from a substantial portion of this
Agreement;

"Middleware" means the group of operating systems and software platforms used by
the Cable Networks, being (i) Liberate DTV Navigator version 1.2.7.4 (Telewest
Build) and (ii) Liberate DTV Navigator version 1.2.7.4 (ntl Build);

"Net Advertising Revenue" means the Gross Advertising Revenue after deduction of
(i) all taxes (including VAT and other sales taxes), (ii) any direct costs of
sales incurred by either Party, (iii) advertising sales commission and any other
external sales costs, and (iv) an administration fee of five (5)%;

"Net Subscriber Revenue" means Gross Subscriber Revenue after deduction of Value
Added Tax, third party rights/promotional costs and the relevant Cable Network's
revenue share, calculated as follows based, by way of example, on a (pound)1.00
per play charge:

-------------------------------------------------------------------------
GROSS SUBSCRIBER REVENUE:                    (POUND)1.00      (POUND)1.00

less

VAT:                                   17.5%       17.5p           82.5p
Third party rights/promotional costs:    15%     12.375p          70.125
Cable Network's revenue share:           50%     35.062p         35.062p

NET SUBSCRIBER REVENUE:                                          35.062P

-------------------------------------------------------------------------

and if prizes are to be added later, the parties will mutually agree the
appropriate deductions concerning the cost of prizes and prize fulfilment;

"ntl" means ntl Group Limited of NTL House, Bartley Wood Business Park, Hook,
Hampshire, RG27 9UP;

"Outside Factor" means (a) any peculiarity in, malfunction of and/or defect in
(i) any type of STB being tested against, or (ii) the relevant Cable Network
infrastructure and operating systems, and/or (b) an Event of Force Majeure;

"Priority Level" means one of the four levels of priority of a Fault (Low,
Medium, High, Urgent), as specified in Section 6.4.1 of Schedule 4;

"QA Testing" shall have the meaning set out in Clause 3.2;

"Representative" means an Affiliate of either Party and/or the respective
directors, officers, employees, attorneys, consultants, sub-contractors or other
agents or advisors of either Party or an Affiliate of either Party;

"Service Level Agreement" or "SLA" means the Service Level Agreement in Schedule
4;

"Site" means a web site containing the Content Service and which will be
tailored in accordance with the Full Specification and hosted, served and
published by the Content Partner;

"STB" means a Cable Network television set-top box;

"Subscriber" means a person who subscribes to a Cable Network and is authorized
by or on behalf of the relevant Cable Network to receive and view digital
television services, including the Channel, for display on a television set
through a STB; "Subscriber" shall also include any other user other than an
actual Subscriber who has permission from the Subscriber to access and use the
Content Service or any part thereof through a Subscriber's STB;

"Term" means the term of this Agreement as set out in Clause 12.1 of this
Agreement;

"Telewest" means Telewest Communications plc of Unit 1 Genesis Business Park,
Albert Drive, Woking, Surrey GU21 5RW;

                                 PAGE 13 OF 24
<PAGE>

"Territory" means the United Kingdom of Great Britain and Eire;

"Third Line Technical Support" means the technical support to be provided by the
Content Partner on request by TwoWay TV under the terms of the SLA;

`TwoWay TV Marks' means the Marks owned by TwoWay TV and used by TwoWay TV in
relation to the Channel, being:

      TWO WAY TODAY(R) logo

      TWO WAY TV(R) word mark;

`TwoWay TV Materials' means:-

(a)   any work product, deliverable or materials including (without limitation)
      any idea, concept, design, content, specification, equipment, component,
      scripts, tapes, documentation, information and/or data created by or on
      behalf of TwoWay TV in connection with the hosting and operation of the
      Channel and the distribution of the Content Service as part of the
      Channel; and

(b)   the proprietary technology and knowhow of TwoWay TV in all electronic
      forms including (without limitation) any software program, tool or module
      and all source and object code forming part of and supporting the testing,
      integration, broadcast, operation and management of the distribution of
      the Content Service as part of the Channel together with all information
      in eye-readable form supporting the same prior to, during or after the
      Term;

"Working Day" means Monday to Friday, but excluding any public holidays in
Israel and in the Territory; and

"Working Hours" means between 09.00 CET and 18.00 CET on a Working Day.

SCHEDULE 2 :

`CONTENT SERVICE' : SPECIFICATION

1.       This Schedule describes the initial Specification of the Content
         Service which will for the basis of discussions between the parties,
         out of which the Content Partner shall develop the Full Specification.

1.1      The Content Service shall consist of welcome and menu screens, with
         associated help text and terms and conditions for 3 "casino style"
         interactive TV games, being

         `VIDEO POKER'

         `BLACK JACK'

         `BACCARAT'

         all as described below:

                                 PAGE 14 OF 24
<PAGE>

VIDEO POKER         [GRAPHIC OMITTED]      Video Poker gives you fantastic
                                           payouts and non-stop excitement
                                           for hours of fun. Video poker is
                                           a versatile game combining
                                           knowledge of Poker with the
                                           excitement of slot machines and a
                                           few wild cards for extra fun.
                                           Like all forms of Poker, the goal
                                           of the game is to get the best
                                           hand possible. The machine uses a
                                           52-card deck, which is shuffled
                                           after each hand

BLACK JACK          [GRAPHIC OMITTED]      By far the most popular card game
                                           on today's casino circuit and
                                           card clubs around the world. Our
                                           Blackjack game uses four 52-card
                                           decks. In this game the dealer is
                                           the only opponent. The player's
                                           goal is to reach a card value
                                           that is closer to 21 than the
                                           dealer's card value, without
                                           going over 21. If your first two
                                           cards total 21, you have a
                                           Blackjack
BACCARAT            [GRAPHIC OMITTED]      The object of the Baccarat game
                                           is to bet on the hand that you
                                           believe will be closest to a
                                           total of nine. Baccarat is played
                                           with six decks of cards that are
                                           re-shuffled after each hand. You
                                           can bet on either the Player's
                                           side, the Bank side or on a Tie.
                                           Four cards are dealt, the first and
                                           third to the Player's hand, The
                                           second and fourth to the Banker's
                                           hand. If the value of cards exceeds
                                           9, then the hand value is adjusted by
                                           subtracting 10 from the total.

1.2   The initial navigation for the Content Service is set out in the diagram
      at Section 1.6 below. In summary, Subscribers will enter the "Play 4 Fun
      Casino Zone" from the Channel's interactive games menu. The first "Play 4
      Fun Casino Zone" screen will explain the cost of the Content Service and
      what this entitles the Subscriber to. From here, Subscribers can either
      choose to enter the Content Service, or can choose to leave to go back to
      the Channel. Those choosing to enter the "Play 4 Fun Casino Zone" will be
      taken to its "menu screen"("Lobby"). From the "menu screen", Subscribers
      may enter the games; choose to buy more `chips' (or points); or may access
      the leaderboard, registration area or any necessary help screens.

1.3   On entering each game the Subscriber will have the choice of: paying a fee
      (to be agreed between the Parties and charged through the Billing System),
      for which they will receive a fixed number of `chips' (or tokens); or,
      they can login to retrieve any `saved' chips (or tokens) they had bought
      or won previously. During each game, a Subscriber may continue playing
      until they have run out of chips (or points) or until they wish to return
      to the menu screen. They may save their chips (or tokens) at any time in
      the Content Service, by registering a nickname and password (or similar).
      The `saved' chips (or tokens) may be used within the Content Service at
      any time in the future by a Subscriber providing the correct nickname and
      password (or equivalent) to access them.

                                 PAGE 15 OF 24
<PAGE>

1.4   On saving their chips (or tokens) the Content Service will update the
      leaderboard area. The leaderboard area will provide a list of the
      top-ranking players in the "Play 4 Fun Casino Zone", with ranks based on
      the number of chips in their accounts. Leader boards will show how every
      player's score relates to the scores of the most successful 50 (actual
      number to be agreed) players from the participants. Every user can watch
      the leader board and every user can see how his current score compares
      with the top 50. The Subscriber's will be given a comical `text' rank that
      compares his score with the most successful 50 players (for example, a
      subscriber with a score of less than 10% of the bottom of the leaderboard
      might be greeted by "Don't give up your day job yet" etc.)

1.5   Prizes - if prizes are to be added later, the parties will mutually agree
      the appropriate deductions concerning the cost of prizes and prize
      fulfilment

1.6   TwoWay TV, or its providers, shall provide the Billing Module to the
      Content Partner for integration within the Content Service. The Billing
      System is used to process all Subscriber payment transactions within the
      Content Service. The Content Partner shall provide all other software for
      the Content Service and all data management associated with it.

1.7   Navigation Diagram:

                              [FLOWCHART OMITTED]

                                 PAGE 16 OF 24
<PAGE>

SCHEDULE 3: LAUNCH TIMETABLE

1. The Content Service will be delivered and launched in accordance with the
following timetable:

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
DATE                    DELIVERABLE                                                                               TERRITORY
------------------------------------------------------------------------------------------------------------------------------
<S>                     <C>                                                                                       <C>
Signature of Agreement  Signing of the Agreement.                                                                 N/A

                        TwoWayTV delivers STBs to Content Partner.                                                Israel
------------------------------------------------------------------------------------------------------------------------------
Signature               Content Partner's confirmation that STB is fully functional.                              UK

+ 1 week

                        Content Partner commences pre-production.

                                                                                                                  Israel

                        Content Partner provides Full Specification to TwoWay TV
for sign-off.

                                                                                                                  UK

                        Content Partner commences development work.

                                                                                                                  Israel
------------------------------------------------------------------------------------------------------------------------------
Signature               Test version of Content Service delivered by Content Partner to TwoWay TV for initial     UK
                         assessment.

+ 2 weeks

                        Content Partner undertakes QA Testing at its premises
(Clause 3.2 of the Agreement).

                                                                                                                  Israel
------------------------------------------------------------------------------------------------------------------------------
Signature               TwoWay TV undertakes User Acceptance Testing at its premises (Clause 3.3 of the           UK
                         Agreement).

+ 3 weeks
------------------------------------------------------------------------------------------------------------------------------
Signature               TwoWay TV submits final release for Network Reviews (Clause 3.4 of the Agreement).        Israel

+ 6 weeks

                                                                                                                  UK
------------------------------------------------------------------------------------------------------------------------------
Signature               Commercial Launch.                                                                        UK

+ 9 weeks
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

2.    In order to enable Content Partner to develop and build the Content
      Service and to deliver it to TwoWay TV in accordance with this Agreement,
      TwoWay TV may make certain additional equipment and/or information
      available to Content Partner. In the event that TwoWayTV makes any such
      equipment and/or information available to Content Partner, Content Partner
      shall if so requested by TwoWay TV sign a document comprising the terms of
      use of such equipment and/or information.

3.    If TwoWay TV fails to make any equipment and/or information available to
      the Content Partner, as necessary in order to enable Content Partner to
      perform it's obligations pursuant to this Agreement based on the Launch
      Timetable, or if TwoWay TV otherwise takes action or omits to take action
      which directly and materially affects the Content Partner's ability to
      achieve the Launch Timetable, the Launch Timetable shall be adjusted
      accordingly.

4.    Submission by Two Way TV of the Content Service for Network Review is
      dependant the Content Service passing Two Way TV's internal User
      Acceptance Testing pursuant to Clause 3.3 of the Agreement.

5.    Commercial Launch is dependent upon the relevant Network Review dates
      being secured. Owing to scheduling restrictions Launch can only occur on a
      Monday. However, if Two Way TV is unable to launch the Content Service
      within 9 weeks the Content Service passing Two Way TV's internal User
      Acceptance Testing (except where any such delay is caused by the Content
      Service (or part thereof) failing to pass the Network Review resulting
      from (i) any defect in or any failure of the Content Partner to perform or
      procure the performance its obligations under this Agreement, or (ii) as a
      result of any defect in and/or any failure of the Cable Networks' or third
      party network hardware, middleware, systems or other materials), without
      derogating from any its rights of this agreement and applicable law,
      Content Partner may terminate this agreement effective upon the receipt of
      such written notice.

                                 PAGE 17 OF 24
<PAGE>

SCHEDULE 4: SERVICE LEVEL AGREEMENT (SLA)

1.       With respect to the availability of the Content Service:

1.1.  During the Term and from the Commercial Launch, the Content Partner shall
      ensure that the Content Service is available for distribution by TwoWay TV
      24 hours each day of the year.

1.2.  Content Partner will ensure that the chosen connection to the Site
      provides a high level of performance.

1.3.  Content Partner wholly responsible for ensuring that disaster recovery /
      business continuity plans are in place, regular backups of content data
      are carried out and offsite secure storage is utilized at all times during
      the Term from the Commercial Launch.

1.4.  Content Partner is responsible for capacity planning to ensure that its
      server(s) used for the Content Service remain able to store and handle
      data as required in accordance with this Agreement.

1.5.  Content Partner shall ensure integrity of data traffic via its site,
      including making use of virus checking software that the data traffic is
      virus free.

2.    In the event of a Fault, in TwoWay TV's opinion, TwoWay TV will advise
      Content Partner in writing, and in emergencies, by telephone, electronic
      mail or fax in accordance with the provisions of Section 5.4.2 of this
      Schedule.

3.    Content Partner shall be reachable by telephone, electronic mail or fax on
      the days and hours and in the way set forth in Section 5.4.2 of this SLA.

4.    When a Fault is notified by TwoWay TV to Content Partner, Content Partner
      shall respond and fix the Fault in accordance with the provisions of
      Section 5.4.2 of this SLA and shall take all measures, which will or may
      result, in a solution of the Fault. Such measures will be taken without
      interruption, within and outside of usual Working Hours and Working Days.

5.    Content Partner shall at all times during the Term provide to TwoWay TV
      the following service levels with respect to the Content Service:-

5.1.  At all times during the Term, Content Partner shall ensure that it has and
      maintains an adequate support organization, equipment and related
      procedures for logging, monitoring, investigating and resolving Faults
      during Working Hours, or outside Working Hours in case of High Priority
      Level, as indicated in Section 5.4.2 of this Schedule.

5.2.  Reporting of Faults by TwoWay TV and initial response by Content Partner:

(i)   Following initial analysis by TwoWay TV, all actual and potential Faults
      identified by TwoWay TV will be reported to Content Partner to the
      appropriate contact defined in Section 5.4.2 of this SLA. The preferred
      method of communication for the purposes of reporting Faults is by
      electronic mail to the address shown in Section 5.4.2 of this SLA.

(ii)  All relevant information with respect to the reported Fault known by
      TwoWayTV will be made available to Content Partner, including the nature
      and symptoms of the Fault, the estimated time of occurrence of the Fault,
      the impact of the Fault on TwoWay TV's or TwoWay TV's Affiliates'
      activities, and the Priority Level as specified in Section 5.4.1 of this
      SLA.

(iii) Upon receiving a Fault report, an initial response will be made by Content
      Partner within the response time indicated in Section 5.4.2 of this SLA,
      giving a reference for the reported Fault, and requesting any additional
      information that may reasonably be required.

(iv)  Content Partner shall provide regular progress updates to TwoWay TV, and
      shall confirm by electronic mail to TwoWay TV that any actions to restore
      the Content Service have been effective.

(v)   In the event of a Fault being identified by Content Partner before receipt
      of a Fault report from TwoWay TV, Content Partner shall notify TwoWay TV
      of such occurrence of a Fault within one (1) hour of the occurrence being
      identified by its own support organization, using the contact for
      technical assistance as specified in Schedule 9 of this Agreement.

                                 PAGE 18 OF 24
<PAGE>

5.3.  Solution by Content Partner: Content Partner shall fix the Faults and
      restore the Content Service in accordance with Section 5.4.2.

5.4.  Priority Levels, Response/solution by Content Partner: For the purposes of
      this Section 5.4, the Priority Levels of Faults shall be defined as
      follows:

(i)   LOW PRIORITY LEVEL (i.e. Faults that affect non-material aspects of the
      quality of the Content Service):

      o     Content Partner delivers outdated/untimely data (e.g. old news
            stories, outdated weather/traffic data); or

      o     the Content Service delivered by Content Partner features minor
            faults including broken navigational links, poorly formatted text,
            poor image quality, spelling errors, local language errors.

(ii)  MEDIUM PRIORITY LEVEL (i.e. Faults that affect more important aspects of
      the quality of the Content Service):

      o     Content Partner delivers images that do not match the related part
            of the Content Service; or

      o     Content Partner delivers applications that load significantly slower
            than the other applications within the Interactive TV Service or on
            the Cable Networks' TV Platform.

(iii) HIGH PRIORITY LEVEL (i.e. Faults that materially affect the working of the
      Content Service):

      o     the Site is, in total or for a large part, inaccessible by the
            Subscribers; or

      o     whole pages or a large number of pages or applications of the
            Content Service are not loading, broken, incoherent or inaccessible.

(iv)  URGENT LEVEL (i.e. Faults that affect the working of the Channel, the
      Cable Networks' TV Platform or the Content Service):

      o     the Content Service contains javascripts that cause stack errors
            resulting in a crash of the STBs;

      o     Content Partner engages in unauthorized use of Liberate extended
            objects as part of the Content Service build (e.g. conditional
            access objects, user objects, TV program/channel objects);

      o     Content Partner uses a large number of "windows" as part of the
            Content Service build (this may result in STBs running out of memory
            and crashing);

      o     Content Partner changes, disables or otherwise interferes with the
            Channel (e.g. Content Partner captures TwoWay TV-only key strokes
            for other purposes); or

      o     the Content Service disables, either in part or in full, the Channel
            or the navigation/browser services on the Cable Networks' TV
            Platform (outside of the Site).

The   list of events and examples mentioned in this Section 5.4.1 is not
      exhaustive, but only indicative.

                                 PAGE 19 OF 24
<PAGE>

5.4.2. At all times during the Term, Content Partner shall comply with the
       following requirements as regards reporting of Faults by TwoWay TV:

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
REPORTING OF FAULTS
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
REPORTING BY TWOWAY TV                                                      RESPONSE BY CONTENT PARTNER
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
<S>                                <C>                                      <C>
PRIORITY LEVEL:                    CONTACT DETAILS OF CONTENT PARTNER FOR   RESPONSE TIME:
                                   REPORTING:

                                   Name: Ira Vinitzky

LOW AND MEDIUM                                                              LOW AND MEDIUM
                                   E-mail: ira@zone4play.com

PRIORITY LEVELS:                                                            PRIORITY LEVELS:
                                   Telephone: 97235376989

                                   Fax: 97235376986

During Working Hours on Working                                             Initial response after Fault report by TWTV: within two
Days.                                                                        (2) Working Hours.

                                                                            Time frame between the initial response and the solution
                                                                             to the reported Fault:

                                                                            Low Priority Level - 10 Working Days

                                                                            Medium Priority Level - 2 Working Days

                                                                            HIGH PRIORITY LEVEL:

HIGH AND URGENT

PRIORITY LEVELS:
                                                                            Initial response after Fault report by TWTV: within 2
                                                                             hours.

24 hours a day, each day of the
year, excluding "Yom Kippur"
Holiday in Israel.                                                          Time frame between the initial response and the solution
                                                                             to the reported Fault - two (2) hours

                                                                            URGENT PRIORITY LEVEL:

                                                                             After Fault report by TWTV : 2 hours for both initial
                                                                             response and solution to the reported Fault.
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

5.5.  The Parties shall agree regular windows for the maintenance of the Content
      Service. The total time of such periods shall not exceed 1 hour in any 30
      day period.

6.    In accordance with the provisions of Clause 11, TwoWay TV may, at any
      time, at its sole option and without being liable in any way to the
      Content Partner, remove the link to the Site from the Channel (or any
      other menu system) in the event that, in TwoWay TV's opinion, such removal
      would be the most appropriate way:

(i)   to ensure or restore the integrity or proper working of the Content
      Service, the Channel or the Cable Networks' TV Platform or any part
      thereof or any other service on the Cable Networks' TV Platform; or

(ii)  to avoid an overload of the relevant customer service(s) or helpdesk(s);
      or

(iii) to protect its commercial reputation towards the Subscribers (such as
      avoiding or trying to limit complaints from Subscribers or in the event
      that Content Partner fails to comply with the provisions of Sections 1 to
      (and including) 5 of this Schedule and that such failure, in TwoWay TV's
      reasonable opinion, affects the quality of the Content Service).

7.    Content Partner must not bring any material changes to the Content Service
      which has not been tested beforehand by TwoWay TV. This testing process
      shall not apply to changes provided in the feeds-based templates which are
      provided by TwoWay TV as part of the Content Creation Kit (or updates
      thereof) and which have already been tested by TwoWayT V. This testing
      process will need to be carried out with respect to any of the following
      changes:

                                 PAGE 20 OF 24
<PAGE>

(i)   implementation of any new design elements, including all graphics;

(ii)  any change to the Site's functionality or site structure;

(iii) any additional piece of functionality added to the Site; or

(iv)  any change to the method of content delivery to the Site (e.g.
      implementation of a new Content Management System or upgrades or changes
      to the core functionality of the Content Management System).

SCHEDULE 5: REVENUE GENERATION

1.    Advertising and Sponsorship:

1.1.  The Parties will discuss in good faith reasonable opportunities and
      co-operate to generate additional revenues from the Content Service by the
      inclusion of advertising (via banner advertising and other appropriate
      advertising models) and sponsorship (sponsor logos, banners and other
      appropriate sponsorship models) within and around the Content Service as
      part of the Channel.

1.2.  Either Party shall be entitled to sell advertising and sponsorship within
      and around the Content Service subject to the Parties' mutual agreement in
      advance of sales activities. But any such sales of sponsorship or
      advertising, shall always be subject to Two Way TV's final approval before
      the Content Partner enters into any binding agreement with a third party.
      The parties will agree in good faith:

(i)   the sales pricing and positioning of the advertising and sponsorship to be
      sold; and

(ii)  a set of selling rules, including sales channels, inventory allocations,
      priority client, agency relationships and rights of refusal.

1.3.  For the avoidance of doubt, no sponsorship shall be sold with duration of
      more than two months without the prior written consent of the other Party.
      The Parties will liase on a regular basis, but not less than once a month,
      on sales prospects for advertising and sponsorship and agree in writing
      before signing advertising or sponsorship agreements with respect to the
      Content Service.

1.4.  Any sponsorship or advertisements carried on the Content Service within
      and around the Content Service as part of the Channel shall:

(i)   not contain any obscene, blasphemous or libellous materials;

(ii)  not infringe the rights of any third party (including Intellectual
      Property Rights, confidentiality and privacy rights); and

(iii) comply with all directions or guidelines of TwoWay TV or the relevant
      Cable Network and/or any relevant codes of advertising and other
      regulations laid down in the Territories and where the advertisements are
      displayed, whether on a statutory or a self-regulatory basis.

1.5.  The Parties shall endeavour to agree a reasonable procedure by which they
      can ensure that advertising or sponsorship sales or other agreements made
      by them or their agents do not conflict in any manner with the commercial
      interests of the other Party, prior to the conclusion of such sales or
      other agreements.

2.    Subscriber Revenue - Content Service:

2.1   TwoWayTV shall define the parameters of all payment systems during the
      Term.

2.2   Content Partner shall integrate the Billing System functionality as
      defined by TwoWayTV to enable Subscriber payment transactions within the
      Content Service.

                                 PAGE 21 OF 24
<PAGE>

SCHEDULE 6: FEES, REVENUE SHARING AND PAYMENT

1.    Advertising and Sponsorship:

1.1.  Net Advertising Revenue shall be shared between TwoWayTV and Content
      Partner based on, respectively, a 50 (fifty) % and 50 (fifty) % split.

2.    Subscriber Revenue - Content Service:

2.1   Net Subscriber Revenue shall be shared between TwoWayTV and Content
      Partner based on, respectively, a 50 (fifty) % and 50 (fifty) % split.

SCHEDULE 7: BRANDING AND MARKETING

1.    Branding of the Content Service / Use of the Parties' Marks:

1.1   The Content Service and specifically its "welcome" screen, and the "menu"
      screen will be branded with the TwoWay TV Marks in accordance with the
      Full Specification, as defined in the Content Creation Kit, or as notified
      by TwoWay TV to Content Partner from time to time.

1,2   The Content Service's "welcome" screen, and the "menu" screen and any
      interstitial "loading" pages between the "menu" screen and the games,
      where these are not used for advertising and sponsorship, will contain the
      following credit "Powered by Zone 4Play. (C) Zone4Play 2003".

2.    Promotion / Marketing of the Content Service:

2.1   TwoWay TV undertakes to promote the Content Service through its marketing
      allocation provided by the Cable Networks.

2.2   Content Partner shall on a regular basis, as well as upon reasonable
      request from TwoWay TV where available and free of charge provide
      materials in respect of the Content Service for use by TwoWay TV and in
      support of TwoWay TV's advertising of the Channel.

SCHEDULE 8: REPORTING PROCEDURE

1.    Not later than ten (10) days after the end of each month (the "Relevant
      Month"), Content Partner shall provide TwoWay TV with a report on user
      numbers and other traffic usage data and information for the Relevant
      Month, including:

1.1   general traffic information:

(i)   full log files of traffic activity including:

o     page impressions;

o     unique user numbers;

o     click-through rates; and

o     (breakdowns by month; and

(ii)  (where relevant) with respect to the Transactional Services (as specified
      in Schedule 1):

o     aggregate number of active accounts ("Active Accounts");

o     number of new Active Accounts created;

o     total number of Subscriber payment transactions executed within the
      Content Service;

o     number of Subscriber payment transactions executed per Active Account; and

o     average amount spent per Active Account;

as well as any relevant information with respect to the access to and use of the
Content Service.

                                 PAGE 22 OF 24
<PAGE>

SCHEDULE 9: CONTACT DETAILS

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
TWOWAY TV:                                                        CONTENT PARTNER:
---------------------------------------------------------------------------------------------------------------------------------
<S>                                                               <C>
Contract Management:                                              Contract Management:

Attn. Guy Templer Attn. Erez Lahav
Two Way TV Limited                                                Zone4Play Limited
Beaumont House                                                    3B Hashlosha street
Kensington Village                                                Tel Aviv, 67060
Avonmore Road                                                     Israel
London W14 8TS
U.K.                                                              T. +972 3 537 6989

                                                                  E-mail: erez@zone4play.com

T. +44 20 8433 6198
E-mail: gtempler@twowaytv.com
Technical assistance:                                             Technical assistance:

                                                                  Attn. Ira Vinitzky

Attn. Jules Wright Zone4Play Limited
Two Way TV Limited                                                3B Hashlosha street
Beaumont House                                                    Tel Aviv, 67060
Kensington Village                                                Israel
Avonmore Road
London W14 8TS                                                    T. +972 3 537 6989
U.K. E-mail: ira@zone4play.com
T. +44 20 8433 6389
E-mail: jwright@twowaytv.com
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>

SCHEDULE 10:  TWO WAY TV BILLING SYSTEM

1.    TwoWay TV shall provides its own server-side and client-side architecture
      that is integrated into the Cable Networks' own Subscriber billing system
      (the "BILLING SYSTEM"). The Billing System will enable the Content Partner
      to include Subscriber payment transactions to their Content Service and
      for each transaction to appear on the Subscriber's monthly cable bills.
      Two Way TV will provide a Billing Module (being a set of client-side
      Javascript code and instructions for integration) to the Content Provide
      to include in the Content Service. The Content Service must use this
      Billing System for all Subscriber payment transactions.

2.    The Parties will mutually agree the amount of the fee to be charged to
      Subscribers for using the Content Service. It is anticipated that this
      will not be less than 50p for purchasing a fixed number of chips in the
      Content Service.

3.    The Billing System, and selected third parties (operators and providers),
      enables:

o     storing the transaction for audit purposes and forwarding the transaction
      to the Cable Networks

o     billing the Subscriber and collecting all monies due;

o     disbursing the net revenues to TwoWay TV at the end of the month, two
      months after the transaction was placed;

o     providing (through the Billing Module) standardized access, admission and
      failure pages which are placed between the free parts or features of the
      Content Service, and communication between the client-application and Two
      Way TV's server-side Billing infrastructure.

4.    Content Partner is fully and solely responsible for promoting the Content
      Service and informing the Subscriber fully and properly and in accordance
      with applicable regulations in the UK about the Content Service itself
      (its elements and features) and the charge for its access.

5.    TwoWay TV will use its reasonable endeavours to provide Content Partner
      with a report within a few weeks of the end of each month detailing the
      number of Subscriber payment transactions made within the Content Service
      and the incoming revenues.

                                 PAGE 23 OF 24
<PAGE>

IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be
executed.

ZONE4PLAY (CY) LIMITED    ZONE4PLAY ISRAEL LIMITED    TWO WAY TV LIMITED

/s/ Zoe Kokoni            /s/ Shimon Citron           /s/ Jean de Fougerolles

Name :    Zoe Kokoni      Name :    Shimon Citron     Name : Jean de Fougerolles

Title : Director          Title : Director            Title : CEO

Date : March 10th, 2003   Date : March 10th, 2003     Date : March 10th, 2003

                                 PAGE 24 OF 24THIS AGREEMENT is made on 8 September 2003.

1. TWO WAY TV LIMITED, a company incorporated in England and Wales, whose
registered office is at Beaumont House, Kensington Village, Avonmore Road,
London W14 8TS ("TWTV") and;

2. ZONE4PLAY (CY) LIMITED, a company duly incorporated and organized under the
laws of Cyprus (Registered No. 135752), having its principal place of business
at 5 Hytron Street, Nicosia 1075, Cyprus ("Zone4Play (CY)"); and

3. ZONE4PLAY ISRAEL LIMITED, a company duly incorporated and organized under the
laws of Israel (Registered No. 513131094), having its principal place of
business at 3B Ha'Shlosha St., Tel Aviv 67060 ("Zone4Play Israel"); and

4. ZONE4PLAY (UK) LIMITED, a company duly incorporated and organized under the
laws of England and Wales (Registered No. 4557980), having its principal place
of business at 16 Theberton Street, Islington, London Ni OQX.

WHEREAS:

A. TWTV, Zone4Play (CY) and Zone4Play Israel are parties to an agreement dated
the 10 March 2003 (the "Original Agreement") a copy of which is attached hereto.

B. The parties have agreed to novate the Original Agreement to Zone 4 Play (UK)
Limited. THE PARTIES AGREE as follows:

1. INTERPRETATION

1.1 The headings in this Agreement do not affect its interpretation.

2.  NOVATION

2.1 This Agreement shall become effective at the last moment of time on the date
of last signature (the "Effective Date").

2.2 With effect from the Effective Date and subject always to Clause 2.3 below,

2.2.1 Zone 4 Play (UK) shall perform Zone4Play (CY) and Zone4Play Israel's
obligations under the Original Agreement and is bound by the terms of the
Original Agreement in every way in place of Zone4Play (CY) and Zone4Play Israel
including for the avoidance of doubt retrospectively from the commencement date
of the Original Agreement;

2.2.2 TWTV releases and discharges Zone4Play (CY) and Zone4Play Israel from
further performance of the Original Agreement and all liabilities, claims and
demands howsoever arising under the Original Agreement from the Effective Date
whether in contract, tort or otherwise, and accepts the liability of Zone 4 Play
(UK) under the Original Agreement in place of the liability of Zone4Play (CY)
and Zone4Play Israel; and

2.2.3 TWTV will perform its obligations under the Original Agreement and be
bound by the terms of the Original Agreement in every way as if Zone 4 Play (UK)
had at all times been a party to the Original Agreement in place of Zone4Play
(CY) and Zone4Play Israel.

20030905 Novation to Zone4Play UK

2.3 Notwithstanding anything to the contrary herein Zone4Play (CY) and Zone4Play
Israel agrees that if it has acquired any right of ownership, title or interest
in TWTV's Intellectual Property Rights in any TWTV Property since the
commencement date of the Original Agreement, it will assign to TWTV any such
right or interest in any TWTV Property to TWTV and execute any documents in
connection therewith that TWTV may request.
<PAGE>

3. GOVERNING LAW AND JURISDICTION

3.1 This Agreement is governed by, and shall be construed in accordance with,
English law.

3.2 The courts of England have exclusive jurisdiction to hear and decide any
suit, action or proceedings, and to settle any disputes, which may arise out of
or in connection with this Agreement (respectively, "Proceedings" and
`Disputes") and, for these purposes, each party irrevocably submits to the
jurisdiction of the courts of England.

3.3 Each party irrevocably waives any objection which it might at any time have
to the courts of England being nominated as the forum to hear and decide any
Proceedings and to settle any Disputes and agrees not to claim that the courts
of England are not a convenient or appropriate forum.

4. ASSIGNMENT

Notwithstanding clause 13 of the Original Agreement (Assignment) Zone 4 Play
(UK) hereby acknowledges and agrees that TWTV may grant security over or assign
by way of security all or any of its rights under the Original Agreement (the
"Rights") for the purpose of or in

connection with any financing arrangements (whether in whole or in part) by TWTV
or concerning any of its working capital or other requirements. On the
enforcement of any security of a kind referred to in this sub-clause 4 TWTV or
any administrative receiver of TWTV or any person having the benefit of such
security may assign all or any part of the Rights to any person provided that
the liability of Zone 4 Play (UK) to any assignee in respect of the Rights shall
not be greater than if no such assignment had taken place.

5. COUNTERPARTS

The Agreement may be executed in any number of counterparts each of which when
executed and delivered is an original, but all the counterparts together
constitute the same documents.

EXECUTED by the parties

/s/ Jean de Fougerolles
Signed by: Jean de Fougerolles (CEO)

a duly authorized representative of/for Two Way TV Limited

on behalf of      ( )

TWO WAYTV LIMITED ( )

Signed by         ( )

a duly authorized representative of/for and

on behalf of      ( )

ZONE4PLAY (CY) LIMITED
<PAGE>

/s/ Shimon Citron

Signed by: Shimon Citron
a duly authorized representative of/for Zone4Play Israel Limited
on behalf of

ZONE4PLAY ISRAEL LIMITED

/s/ Shimon Citron

Signed by: Shimon Citron
a duly authorized representative of/for Zone4Play (UK) Limited
on behalf of

ZONE4PLAY (UK) LIMITED

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