Document:

<PAGE>

                                                                    Exhibit 10.1

                                 Bingo.com, Inc.
                        Suite C200 - 4223 Glencoe Avenue
                        Marina del Ray, California 90292

August 17, 2001

Shane Murphy
c/o Suite C200 - 4223 Glencoe Avenue
Marina del Ray, California
90292

Dear Shane:

Re:  Termination Agreement

We provide this letter to confirm the terms and conditions upon which your
employment with Bingo.com, Inc. and Bingo.com (Canada) Enterprises Inc.
(together, "Bingo.com") will be ending by mutual agreement. When you sign and
return a copy of this letter to Bingo.com, this letter will become a binding
agreement.

1.       Your employment under the written employment agreement made between us,
         Bingo, Inc., and Redruth Ventures Inc. ("Redruth") dated April 16, 2001
         (the "Employment Agreement") is terminated as of August 31, 2001. As a
         result, all rights and obligations under the Employment Agreement,
         other than sections 1, 3 and 7 and subsections 4(c), 4(e), 4(g) and
         4(h) (which expressly survive the termination of your employment), are
         terminated as of August 31, 2001.

2.       Please return all property belonging to Bingo.com that is in your
         possession, including all written information, tapes, discs or memory
         devices and copies thereof, and any other material on any medium in
         your possession or control relating to the business or affairs of
         Bingo.com, without retaining any copies or records of confidential or
         proprietary information whatsoever. Please return any keys, pass cards,
         identification cards or other property belonging to Bingo.com.

3.       With respect to salary, vacation pay and any other benefits, Bingo.com
         will pay you any outstanding salary, vacation pay and benefits payable
         under the Employment Agreement or pursuant to the Employment Standards
         Act (British Columbia) for your employment up to and including August
         31, 2001.

4.       Bingo.com, Redruth and Mitch White ("White") hereby covenant and agree
         as follows:

         (a)      Bingo.com will make a payment to you of Cdn$10,000, on the
                  first day of each and every month for 12 months commencing on
                  September 1, 2001. The payments will be made to you by way of
                  12 post-dated cheques, which will be delivered to you on or
                  before August 31, 2001. You will be responsible for making and
                  remitting any necessary statutory deductions;

<PAGE>

         (b)      White will execute a personal guarantee substantially in the
                  form attached as Schedule "A" hereto, whereby he will
                  guarantee payment to you of the 12 monthly payments of
                  Cdn$10,000 each as they become due and owing to you by
                  Bingo.com;

         (c)      Bingo.com will pay you Cdn$130,000 by issuing to you 250,000
                  Common shares (the "Shares") of Bingo.com, Inc. as validly
                  issued and outstanding fully paid and non-assessable Common
                  shares of Bingo.com, Inc. registered in your name and
                  beneficially owned by you. The Shares will be "restricted
                  securities" and will be subject to the conditions of the
                  resale exemption provided by U.S. Securities and Exchange
                  Commission Rule 144 ("Rule 144") including, without
                  limitation, a one-year hold period from the date of issuance
                  of the Shares;

         (d)      The payments under subparagraphs 4(a) and 4(c) and the other
                  covenants and agreements under this paragraph 4 are in full
                  satisfaction of all contractual, common law and statutory
                  obligations of Bingo.com regarding severance pay, notice,
                  payment in lieu of notice or damages of any kind including,
                  without limitation, any entitlements under the Employment
                  Standards Act (British Columbia).

         (e)      As of the date of this letter, you hold stock options to
                  purchase up to 1,100,000 Common shares of Bingo.com (the
                  "Options"). All of the Options will vest immediately.
                  Notwithstanding anything contained in the Employment
                  Agreement, the 1999 Non-Qualified Stock Option Plan, the Stock
                  Option Agreement dated December 13, 2000 or the Second Amended
                  and Restated Stock Option Agreement dated December 13, 2000,
                  your Options will expire on August 31, 2003;

         (f)      Bingo.com will sign a release substantially in the form
                  attached as Schedule "B" hereto;

         (g)      Bingo.com, Redruth and White will cause Tarnie Williams to be
                  appointed as President and Chief Executive Officer of
                  Bingo.com and Bingo.com (Canada) Enterprises Inc. and Tarnie
                  Williams will hold such offices until such time as Tarnie
                  Williams approves a successor; and

         (h)      The 750,000 Common shares issued to you under subsection 2(f)
                  of the Employment Agreement will be released to you on August
                  31, 2001. You acknowledge that the shares will be "restricted
                  securities" and will be subject to the conditions of the
                  resale exemption provided by Rule 144 including, without
                  limitation, a one-year hold period from July 11, 2001.

5.       In consideration of the covenants and agreements of Bingo.com, Redruth
         and White under paragraph 4 of this letter, you hereby covenant and
         agree as follows:

         (a)      You will deliver a written resignation as director, President,
                  Chief Executive Officer, Chairman of the Board, Treasurer and
                  Secretary of Bingo.com, Inc. and director, President, Chief
                  Executive Officer and Secretary of Bingo.com (Canada)
                  Enterprises Inc. to Bingo.com for insertion into the minute
                  books of the companies;

         (b)      You will use your reasonable best efforts to cause David Chalk
                  to resign as a director of Bingo.com, Inc.; and

         (c)      You will sign a release substantially in the form attached as
                  Schedule "B" hereto.

                                      -2-

<PAGE>

6.       Provided that Bingo.com, White and Redruth remain in good standing with
         respect to their obligations to you under paragraph 4 of this letter
         (including, without limitation, payment of the monthly payments within
         five days of the date that each becomes due and owing), you further
         covenant and agree that:

         (a)      You will appoint by proxy a proxyholder to be determined by
                  Bingo.com and Redruth as your nominee to attend and act at
                  shareholder meetings of Bingo.com, Inc. The proxy will
                  represent all of the Common shares that you hold from time to
                  time of Bingo.com, Inc.;

         (b)      Prior to August 31, 2003 you will not, in any one day, sell a
                  number of Common shares of Bingo.com, Inc. that is greater
                  than 25% of the volume of Common shares of Bingo.com, Inc.
                  that is traded on a stock exchange on that day; and

         (c)      If at any time to desire to sell, exchange, assign or dispose
                  (a "Transfer") any of the Common shares that you acquire upon
                  the exercise of the Options, you may only do so if you first
                  offer Bingo.com, Inc. the prior right to purchase, receive or
                  acquire such shares on the following basis:

                  (i)      the offer must be made by written notice to
                           Bingo.com, Inc. and must specify the number of shares
                           that you desire to Transfer;

                  (ii)     Bingo.com, Inc. will have the right to accept the
                           offer to purchase some or all of the offered shares
                           from you;

                  (iii)    the purchase price per share will be the closing
                           trading price of the Common shares on the last
                           trading day immediately preceding the date the offer
                           is made;

                  (iv)     Bingo.com, Inc. will have 48 hours after receipt of
                           the offer (the "Offering Period") to deliver written
                           notice to you that Bingo.com, Inc. either accepts or
                           rejects the offer. Failure to deliver such notice
                           will be deemed to be a rejection of the offer;

                  (v)      if Bingo.com, Inc. does not accept the Offer, then
                           you may transfer some or all of the offered shares to
                           a third party provided that the transfer is completed
                           within a 90 day period following the Offering Period
                           (after which period has expired you must again comply
                           with this subparagraph before you Transfer any of the
                           Common shares that you acquire upon the exercise of
                           the Options); and

                  (vi)     the closing of the purchase of the shares by
                           Bingo.com, Inc. will take place within the 30 day
                           period following the Offering Period.

7.       We take this opportunity to remind you that your obligations to
         Bingo.com not to disclose trade secrets and other confidential
         information and not to compete with or solicit the business or
         employees of Bingo.com continue beyond the termination of your
         employment.

                                      -3-

<PAGE>

We wish you every success in the future.

Bingo.com, Inc.                                            Redruth Ventures Inc.

per:                                                       per:

"Shane Murphy"                                             "Mitch White"
----------------------------------------                   ---------------------
Authorized Signatory                                       Authorized Signatory

Bingo.com (Canada) Enterprises Inc.

per:

"Shane Murphy"
-------------------------------------------
Authorized Signatory

                                                           )
SIGNED, SEALED & DELIVERED                                 )
by Mitch White in the presence of:                         )
                                                           )
"Jamie Lanfranco"                                          )   "Mitch White"
-------------------------------------------------------        -----------------
Signature of Witness                                       )   Mitch White
                                                           )
Name of Witness:  C. Jamie Lanfranco                       )
                                                           )
Address of Witness:  #2703 - 1238 Melville Street,         )
                        Vancouver, BC                      )
Occupation of Witness:  Chartered Accountant

I hereby agree to the terms and conditions contained in this letter, in witness
whereof I have hereunto set my hand and seal this 17th day of August, 2001.

                                                           )
SIGNED, SEALED & DELIVERED                                 )
by Shane Murphy in the presence of:                        )
                                                           )
"Jamie Lanfranco"                                          )   "Shane Murphy"
-------------------------------------------------------        -----------------
Signature of Witness                                       )   Shane Murphy
                                                           )
Name of Witness:  C. Jamie Lanfranco                       )
                                                           )
Address of Witness:  #2703 - 1238 Melville Street,         )
                        Vancouver, BC                      )

Occupation of Witness:  Chartered Accountant

                                      -4-

<PAGE>

                                  SCHEDULE "A"

                               PERSONAL GUARANTEE

To:               Shane Murphy
                  c/o Suite C200 - 4223 Glencoe Avenue
                  Marina del Ray, California
                  90292

For consideration the undersigned hereby guarantees payment to Shane Murphy (the
"Creditor") of Cdn$120,000 as it becomes due and owing to the Creditor by
Bingo.com, Inc. and Bingo.com (Canada) Enterprises Inc. (together, the "Debtor")
in accordance with the terms of a Termination Agreement dated August 17, 2001
among the Creditor, the undersigned, Redruth Ventures Inc. and the Debtor (the
"Termination Agreement"). Under the Termination Agreement, a payment of
Cdn$10,000 shall become due and owing to the Creditor by the Debtor on the first
day of each and every month for 12 months commencing on September 1, 2001.

It is agreed that no change in the name, objects, capital stock or constitution
of the Debtor, shall in any way affect the liability of the undersigned, either
with respect to transactions occurring before or after any such change, and the
Creditor shall not be concerned to see or inquire into the powers of the Debtor
or any of its directors or other agents, acting or purporting to act on its
behalf, and moneys, advances, renewals or credits, in fact borrowed or obtained
from the Creditor in professed exercise of such powers shall be deemed to form
part of the debts and liabilities hereby guaranteed, notwithstanding that such
borrowing or obtaining of moneys, advances, renewals or credits shall be in
excess of the powers of the Debtor or of its directors or other agents
aforesaid, or be in any way irregular, defective or informal.

It is further agreed that the Creditor, without exonerating in whole or in part
the undersigned, may grant time, renewals, extensions, indulgences, releases and
discharges to, may take securities from and give the same and any or all
existing securities up to, may abstain from taking securities from, or from
perfecting securities of, may accept compositions from, and may otherwise deal
with the Debtor and all other persons (including the undersigned, and any other
guarantor) and securities, as the Creditor may see fit, and that all dividends,
compositions, and moneys received by the Creditor from the Debtor or from any
other persons or estates capable of being applied by the Creditor in reduction
of the debts and liabilities hereby guaranteed, shall be regarded for all
purposes as payments in gross, and the Creditor shall be entitled to prove
against the estate of the Debtor upon any insolvency or winding-up in respect of
the whole of said debts and liabilities and the undersigned shall have no right
to be subrogated to the Creditor in respect of any such proof until the Creditor
shall have received from such estate payment in full of its claim with interest.

And it is further agreed that this shall be a continuing Guarantee, and shall
cover and secure any ultimate balance owing to the Creditor, but the Creditor
shall not be obliged to exhaust its recourse against the Debtor or other persons
or the securities it may hold before being entitled to payment from the
undersigned of all and every of the debts and liabilities hereby guaranteed;
Provided always that the undersigned, or the executor, administrator or legal
representative of the undersigned, may determine his further liability under
this continuing guarantee by ninety days' notice in writing to be given to the
Creditor, and the liability hereunder of the undersigned, and his executor,
administrator or legal representative shall continue until the expiration of
ninety days after the giving of such notice, notwithstanding the death or
insanity of the undersigned, and after the expiry of such notice the
undersigned, and his executor, administrator or legal representative shall
remain liable under this guarantee in respect of any sum or sums of money owing
to the Creditor as aforesaid on the date such notice expired and also in respect
of any contingent or further liabilities incurred to or by the Creditor on or
before such date but maturing thereafter. Every Certificate issued under the
hand of the Creditor for

<PAGE>

the time being purporting to show the amount at any particular time due and
payable to the Creditor, and covered by this Guarantee, shall be received as
conclusive evidence as against the undersigned, and his executor, administrator
or legal representative, that such amount is at such time so due and payable to
the Creditor and is covered hereby.

This contract shall be construed in accordance with the laws of the Province of
British Columbia and for the purpose of legal proceedings this Guarantee shall
be deemed to have been made in the said Province and to be performed there, and
the Courts of that Province shall have jurisdiction over all disputes which may
arise under this Guarantee, provided always that nothing herein contained shall
prevent the Creditor from proceeding at his election against the undersigned in
the Courts of any other Province or country.

Notwithstanding the provisions of any Statute relating to the rate of interest
payable by debtors, this Guarantee shall remain in full force and effect
whatever the rate of interest received or demanded by the Creditor.

All debts and liabilities present and future of the Debtor to the undersigned
are hereby postponed to the debts and liabilities of the Debtor to the Creditor
and all moneys received by the undersigned or his assign thereon shall be
received as trustee for the Creditor and shall be paid over to the Creditor.

The undersigned acknowledges that this Guarantee has been delivered free of any
conditions and that no representations have been made to the undersigned
affecting the liability of the undersigned under this Guarantee save as may be
specifically embodied herein and agrees that this Guarantee is in addition to
and not in substitution for any other Guarantees held or which may hereafter be
held by the Creditor.

The undersigned confirms that counsel for the Debtor has acted in the subject
matter of this Guarantee on behalf of the Debtor only, and is not acting for the
undersigned or for the directors, officers or shareholders of the Debtor in
their personal capacities. The undersigned acknowledges that the Debtor has
advised the undersigned to obtain independent legal advice concerning the
subject matter of this Guarantee.

AS WITNESS the hands and seals of the undersigned, at _______________ this 17th
day of August, 2001.

SIGNED, SEALED & DELIVERED                                 )
by Mitch White in the presence of:                         )
                                                           )
"Jamie Lanfranco"                                          )
-------------------------------------------------------    )
Signature of Witness                                       )   "Mitch White"
                                                           )   -------------
                                                           )   Mitch White
Name of Witness:  C. Jamie Lanfranco                       )
                                                           )
Address of Witness:  #2703 - 1238 Melville Street,         )
                        Vancouver, BC                      )
                                                           )
Occupation of Witness:  Chartered Accountant               )
                                                           )

                                      -2-

<PAGE>

                                  SCHEDULE "B"

                                 MUTUAL RELEASE

THIS MUTUAL RELEASE dated for reference and effective the 20 day of
August, 2001.

BETWEEN:
                  BINGO.COM, INC., at Suite C200 - 4223 Glencoe Avenue, Marina
                  del Ray, California, 90292;

                  ("Bingo.com")

AND:

                  BINGO.COM (CANADA) ENTERPRISES INC., at Suite C200 - 4223
                  Glencoe Avenue, Marina del Ray, California, 90292;

                  ("Bingo.com Canada")

AND:

                  SHANE MURPHY, c/o Suite C200 - 4223 Glencoe Avenue, Marina del
                  Ray, California, 90292;

                  ("Murphy")

IN CONSIDERATION of the covenants and agreements made by or on behalf of
Bingo.com and Bingo.com Canada to Murphy under the termination agreement dated
August 17, 2001 among Murphy, Bingo.com, Bingo.com Canada, Mitch White and
Redruth Ventures Inc. (the "Termination Agreement"), the receipt and sufficiency
of which is hereby duly accepted and acknowledged by Murphy, and in further
consideration of the mutual promises and agreements contained herein, Murphy,
Bingo.com and Bingo.com Canada each covenant and agree as follows:

                                   ARTICLE 1

                          RELEASES AND INDEMNIFICATION

1.1      Release by Bingo Group

(a)      Except with respect to the Termination Agreement, Bingo.com, Bingo.com
         Canada, their divisions and subsidiaries, affiliates and predecessors
         and their respective officers, directors, employees, servants, agents,
         successors, heirs, administrators, executors, estates and assigns
         (collectively, the "Bingo Group") release and forever discharge Murphy
         of and from any and all manner of action and actions, suits, debts,
         dues, sums of money, accounts, covenants, contract, undertakings,
         claims, losses, expenses and damages of every nature and kind
         whatsoever, at law or in equity, which the Bingo Group had, has, or
         which the Bingo Group can, shall or may have by reason of or arising
         out of any matter, thing or cause whatsoever existing up to the present
         time, whether now known to the Bingo Group or not and, in particular,
         but without restricting the

<PAGE>

         generality of the foregoing, by reason of any matter, cause or thing
         arising from the employment of Murphy.

(b)      The Bingo Group covenants and agrees that it will not make or continue
         any claim or any proceeding at any time in respect of any matter
         released under this Mutual Release that might result in any claim or
         proceeding against Murphy. If any such claim or proceeding has already
         been commenced, or is commenced at any subsequent date, and if such
         claim or proceeding results in a claim or proceeding against Murphy,
         then the Bingo Group will discontinue each such claim or proceeding and
         will indemnify and save harmless Murphy from all liabilities, claims,
         losses, expenses, damages and costs, including solicitors' fees and
         disbursements, together with all applicable taxes of every nature and
         kind whatsoever, resulting from each such claim or proceeding.

1.2      Release by Murphy Group

(a)      Except with respect to (i) the Termination Agreement; and (ii) the
         Stock Option Agreement dated December 13, 2000 (the "Option Agreement")
         and the Second Amended and Restated Stock Option Agreement dated
         December 13, 2000 (the "Second Option Agreement"), Murphy does for
         himself, his heirs, executors, administrators, successors and assigns
         (collectively, the "Murphy Group"), release and forever discharge the
         Bingo Group of and from any and all manner of action and actions,
         suits, debts, dues, sums of money, accounts, covenants, contracts,
         undertakings, claims, losses, expenses and damages of every nature and
         kind whatsoever, at law or in equity, which the Murphy Group had, now
         has, or which the Murphy Group can, shall, or may have by reason of or
         arising out of any matter, thing or cause whatsoever existing up to the
         present time, whether now known to the Murphy Group or not and, in
         particular, but without restricting the generality of the foregoing, by
         reason of any matter, cause or thing relating in any manner to Murphy's
         employment with, or the termination of his employment by, the Bingo
         Group.

(b)      Except with respect to (i) the Termination Agreement; and (ii) the
         Option Agreement and the Second Option Agreement, the Murphy Group
         covenants and agrees that it will not make or continue any claim or any
         proceeding at any time in respect of any matter released under this
         Mutual Release that might result in any claim or proceeding against the
         Bingo Group. If any such claim or proceeding has already been
         commenced, or is commenced at any subsequent date, and if such claim or
         proceeding results in a claim or proceeding against the Bingo Group,
         then the Murphy Group will discontinue each such claim or proceeding
         and will indemnify and save harmless the Bingo Group from all
         liabilities, claims, losses, expenses, damages and costs, including
         solicitors' fees and disbursements, together with all applicable taxes
         of every nature and kind whatsoever, resulting from each such claim or
         proceeding.

                                   ARTICLE 2

                            INDEMNIFICATION BY mURPHY

2.1      Indemnification

The Murphy Group further covenants and agrees to save harmless and indemnify the
Bingo Group from and against any and all claims, charges, taxes or penalties and
demands that may be made by the Minister of National Revenue pursuant to the
Income Tax Act (Canada) or the Unemployment Insurance Commission or the Pension
Commission under applicable statutes and regulations, for and in respect of
withholdings that may arise from the payments under the Termination Agreement
and in respect of any

                                      -2-

<PAGE>

claims or demands by Human Resources Development Canada for overpaid benefits,
which according to Human Resources Development Canada ought to have been
deducted from any amounts paid under the Termination Agreement and to have been
remitted to the Receiver General by the Bingo Group, plus any interest or
penalties relating thereto and any reasonable costs or expenses incurred in
defending such claims or demands.

                                   ARTICLE 3

                                    GENERAL

3.1      Governing Law and Attornment

This Mutual Release will be governed by and construed in accordance with the
laws of British Columbia and the federal laws of Canada applicable in British
Columbia, without regard to the conflict of the law rules of British Columbia.
The Bingo Group and the Murphy Group each hereby irrevocably and unconditionally
attorn to the exclusive jurisdiction of the Courts of British Columbia and all
courts competent to hear appeals therefrom. 3.2 Entire Agreement

The parties acknowledge and warrant that the terms of this Mutual Release
contain the entire agreement between them relating to the subject matter hereof
and that they have each had an opportunity to consult with and obtain advice
from their own solicitors before entering into this Mutual Release and that they
have read this Mutual Release and know the contents hereof and fully understand
them. There is no representation, warranty, collateral term or condition or
collateral agreement affecting this Mutual Release, other than as expressed in
writing in this Mutual Release.

3.3      No Admissions

The parties each acknowledge that the execution of this Mutual Release is not an
admission of any liability in any sense of the parties to this Mutual Release,
and agree that this Mutual Release may not be used by anyone as evidence of an
admission of liability or in any other manner except to the extent necessary to
enforce the terms of this Mutual Release.

3.4      Counterparts

This Mutual Release may be executed in any number of counterparts with the same
effect as if all parties had signed the same document. All of these counterparts
will for all purposes constitute one Mutual Release, binding on each such party,
notwithstanding that each party is not a signatory to the same counterpart.

3.5      Enurement

This Mutual Release will enure to the benefit of and be binding on the parties
and their respective heirs, executors, administrators, successors and assigns.

3.6      Headings

The headings and captions of sections and paragraphs contained in this Mutual
Release are all inserted for convenience of reference only and are not to be
considered when interpreting this Mutual Release.

                     [The next page is the execution page.]

                                      -3-

<PAGE>

IN WITNESS WHEREOF the parties hereto have executed this Mutual Release
effective as of the date specified on the first page of this Mutual Release.

SIGNED, SEALED & DELIVERED by SHANE                        )
MURPHY in the presence of:                                 )
                                                           )
                                                           )
"Jamie Lanfranco"                                          )     "Shane Murphy"
-------------------------------------------------------    )     --------------
Signature of Witness                                       )     SHANE MURPHY
Name of Witness:  C. Jamie Lanfranco                       )
Address of Witness:  #2703 - 1238 Melville Street,         )
                        Vancouver, BC                      )
                                                           )
Occupation of Witness:  Chartered Accountant               )
                                                           )
                                                           )

BINGO.COM, INC.:

Per:
"Shane Murphy"
-----------------------------------
Authorized Signatory

BINGO.COM (CANADA) ENTERPRISES INC.

Per:
"Shane Murphy"
-----------------------------------
Authorized Signatory

                                      -4-<PAGE>

                                                                    Exhibit 10.2

THIS AGREEMENT is made the 20th day of August 2001 (the "Effective Date")

BETWEEN:

(1)      T.M. WILLIAMS (ROW), LTD., a company incorporated under the laws of
         Anguilla with its registered office situated at The Hansa Bank Building
         - 1st Floor, The Valley, Anguilla, British West Indies (the
         "Consultant"),

AND

(2)      BINGO.COM, INC., a company incorporated under the laws of Florida with
         its office situated at Suite C200 - 4223 Glencoe Avenue, Marina del
         Ray, California 90292, United States of America

AND

(3)      T. M. WILLIAMS, businessman of #203 Shakespeare Tower, London, England,
         EC2Y 8DR (the "Executive"),

WHEREAS:

A.       the Consultant has the ability to provide, outside the United Kingdom,
         consultancy services to the Company, which services the Company
         requires in connection with the developing, establishing, financing and
         day-to-day operations of an Internet Bingo company operating worldwide
         to provide both free and Pay for Play Bingo over the Internet and
         throughout the world (the "Business");

B.       the Consultant and the Company have agreed that the Consultant shall
         provide services as an independent contractor on the terms and
         conditions set out hereinbelow;

C.       the Executive is employed by the Consultant and is willing and able to
         provide the services on behalf of the Consultant by acting as the
         interim President and CEO of Bingo.Com, Inc.

NOW THEREFORE THIS AGREEMENT WITNESSETH THAT in consideration of the sum of ten
dollars in lawful money of the United States of America (US$10.00) paid by each
of the parties hereto to the other, the respective covenants herein contained
and other good and valuable consideration, the receipt and sufficiency whereof
is hereby expressly acknowledged, the parties HERETO AGREE AS FOLLOWS:-

1.       1.       INTERPRETATION

         1.1      References in this Agreement to clauses, sub-clauses and
                  schedules are to those in this Agreement and the schedules to
                  this Agreement shall be deemed to be a part of this Agreement.

         1.2      References to any provision of a statute or regulation shall
                  be construed as a reference to that provision as amended,
                  re-enacted or extended at the relevant time.

         1.3      Clause headings in this Agreement are for ease of reference
                  only and shall not affect the interpretation of this
                  Agreement.

         1.4      Words importing one gender shall be construed as importing any
                  other gender and words importing the singular shall be
                  construed as importing the plural and vice versa.

         1.5      References to persons shall include bodies corporate and vice
                  versa.

<PAGE>

2.       CONSULTING & EXECUTIVE SERVICES

         2.1      With effect from the Effective Date, the Company engages the
                  Consultant to provide services, outside the United Kingdom, in
                  connection with the operation of the Business and the
                  Consultant hereby accepts the engagement (the "Consultancy").

         2.2      With effect from the Effective Date, the Consultant releases
                  the Executive from his employment to the extent necessary to
                  give effect to the terms of this Agreement provided that any
                  agreement made between the Company and the Executive for his
                  services does not conflict with his obligations at any time
                  and from time to time to the Consultant (the Release").

3.       AGENTS AND ADVICE

         The Consultant shall be at liberty in the performance of its duties and
         in the exercise of any of the powers and discretions vested in it
         hereunder to employ and pay an agent to perform or assist in performing
         any or all of the services, duties and obligations required to be
         performed hereunder by the Consultant. Further the Consultant may act
         or rely upon the opinion or advice of or any information obtained
         without verifying or otherwise enquiring as to the accuracy of any
         information or assertions provided or from any broker, lawyer, valuer,
         surveyor, auctioneer or other expert whether reporting to the Company
         or to the Consultant or not and the Consultant, absent gross negligence
         or willful default, shall not be responsible for any loss occasioned by
         its so acting.

4.       RELATIONSHIP

         4.1      The Consultant shall be an independent contractor and nothing
                  herein shall be construed as creating a partnership,
                  co-venture or employment relationship between the Consultant
                  and the Company.

         4.2      Neither the Consultant nor the Executive shall have the
                  authority to obligate or bind the Company to any obligations
                  or agreements in excess of US$25,000 without the prior
                  authorization of the Board of Directors of the Company and,
                  without limiting the generality of the foregoing:

                  4.2.1    they shall not hold themselves out as having any
                           right, power or authority to create any contract or
                           obligation, either express or implied, on behalf of,
                           in the name of, or binding upon the Company save and
                           except those obligations falling within the normal
                           course of obligations of a President and CEO of an
                           organization;

                  4.2.2    they shall not make any representation or warranty on
                           behalf of the Company save and except those
                           obligations falling within the normal course of
                           obligations of a President and CEO of an
                           organization; and

                  4.2.3    they are not authorized to accept service of process
                           for the Company.

         4.3      The Consultant and the Executive shall accept any reasonable
                  directions issued by the Company in respect of the Business
                  and pertaining to goals to be attained and results to be
                  achieved during the currency of this Agreement.

         4.4      For the avoidance of doubt, none of the parties hereto intends
                  to create a partnership, joint venture or to assume
                  partnership liability or responsibility by entering into this
                  Agreement, rather it is the intent of the parties hereto that
                  the rights and obligations of the parties hereto be several
                  and not joint or joint and several.

         4.5      The parties agree that the Executive is not an employee of the
                  Company and, as

<PAGE>

                  such, save as required by law, there will be no deductions for
                  any statutory withholdings. The Consultant will defend,
                  indemnify and save harmless the Company from and against any
                  liability that the Company may incur to any authority for
                  source deductions, goods and services tax, provincial sales
                  tax and any other remittance obligations arising with respect
                  to payments under this Agreement.

5.       DURATION

         5.1      This Agreement shall commence on the Effective Date and remain
                  in full force and effect until the earlier of the first
                  anniversary of the Effective Date or the date this Agreement
                  is terminated pursuant to clause 9 hereof (the "Termination
                  Date").

         5.2      Unless this Agreement has been terminated pursuant to clause 9
                  hereof, upon the Termination Date the Consultant shall have
                  the option to renew, by giving three (3) months notice in
                  writing to the Company, this Agreement for a further term of
                  up to one (1) year upon substantively the same terms as then
                  pertain.

6.       COMPENSATION

         In consideration of the Consultancy and the Release, the Consultant
         shall be entitled to receive from the Company for each calendar month
         or part thereof during the duration of the agreement the sum of twenty
         thousand dollars in lawful money of the United States of America
         (US$20,000) payable monthly in arrears in accordance with the
         provisions set out below or as may be agreed in writing from time to
         time by the parties hereto.

7.       COSTS AND EXPENSES

         The Company shall reimburse the Consultant and/or the Executive for all
         out of pocket expenses reasonably incurred during the Consultancy
         including, without limiting the generality of the foregoing, airfares,
         accommodations, and vehicle expenses, provided that the Consultant
         and/or the Executive shall provide the Company with such vouchers or
         other evidence of actual payment of the said expenses as the Company
         may reasonably require.

8.       CONFIDENTIALITY

         8.1      For the purposes of this Agreement, "Confidential Information"
                  means all confidential or proprietary facts, data, techniques,
                  materials and other information relating to the Business of
                  the Company, which may before or after the date of this
                  Agreement be disclosed or delivered to the Consultant or the
                  Executive by the Company or which may otherwise come within
                  the knowledge of the Consultant or the Executive or which may
                  be developed by the Consultant or the Executive in the course
                  of providing the services or from any other Confidential
                  Information. Confidential Information does not include:

                  (i)      any information that is presently in the public
                           domain;

                  (ii)     any information that subsequently becomes part of the
                           public domain through no fault of the Consultant or
                           the Executive;

                  (iii)    any information obtained by the Consultant or the
                           Executive from a third party with a valid right to
                           disclose it, provided that said third party is not
                           under a confidentiality obligation to the Company; or

                  (iv)     any information that was independently developed by
                           the Consultant or the Executive or was otherwise in
                           the Consultant's or the Executive's lawful possession
                           prior to receipt from the Company, other than through
                           prior disclosure by the Company, as evidenced by
                           their business records.

<PAGE>

         8.2      The Consultant and the Executive acknowledge that the
                  Confidential Information consists entirely of information and
                  knowledge that is the exclusive property of the Company or
                  persons from whom the Company has obtained its rights. They
                  will treat the Confidential Information in strict confidence
                  and will not disclose or permit the disclosure of the
                  Confidential Information unless otherwise required by law or
                  by a regulatory authority having jurisdiction over the
                  Company, or except as previously approved in writing by the
                  Company. They will protect such Confidential Information from
                  disclosure by exercising a standard of care as may reasonably
                  be expected to preserve its secret and confidential nature.
                  The Consultant and Executive acknowledge and agree that
                  nothing contained in this Agreement will be construed as an
                  assignment to the Consultant or the Executive of any right,
                  title or interest in the Confidential Information. All right,
                  title and interest relating to the Confidential Information is
                  expressly reserved by the Company. All documents containing
                  Confidential Information are the property of the Company.
                  Without limiting the generality of the foregoing, the
                  Consultant and the Executive hereby transfer to the Company
                  the property rights in all documents that now or hereafter may
                  contain the Confidential Information.

         8.3      The Consultant and the Executive will not use the Confidential
                  Information for any purpose other than as may reasonably be
                  required in order to provide the services.

         8.4      The Consultant and the Executive will, if required by the
                  Company, execute an agreement whereby they agree to disclose
                  to the Company all works, discoveries, inventions,
                  developments, productions, processes, improvements and work
                  products, including, but not limited to, documents, written
                  materials, programs, designs, discs and tapes resulting from,
                  derived from or otherwise related to the provision of the
                  services or the Confidential Information.

9.       TERMINATION

         9.1      The Executive shall not terminate this Agreement unless he has
                  the prior written approval of the Consultant.

         9.2      Any of the parties hereto may terminate this Agreement,
                  without prejudice to its other remedies, forthwith by giving
                  thirty (30) days' notice in writing to the other parties if
                  any other party either:

                  9.2.1    commits a material breach of the provisions of this
                           Agreement provided that if the breach is capable of
                           remedy then notice shall only be given if the party
                           in breach shall not have remedied the same within
                           thirty (30) days of having been given notice in
                           writing specifying the breach and requiring it to be
                           remedied; or

                  9.2.2    acts or omits to act, or any of its directors,
                           officers, employees or agents act or omit to act, in
                           a manner which shall, in the opinion of giving
                           notice, in any way prejudice the interests of the
                           party giving notice or bring the name of that party
                           giving notice into disrepute; or

                  9.2.3    is unable to pay its debts or enters into compulsory
                           or voluntary liquidation (other than for the purpose
                           of amalgamation or reconstruction and the resulting
                           company agrees to be bound by and assume the
                           obligations of the relevant party under this
                           Agreement) or compounds with or convenes a meeting of
                           its creditors or has a receiver or manager or an
                           administrator or administrative receiver appointed of
                           its assets or ceases for any reason to carry on
                           business or takes or suffers any similar action
                           which, in the opinion of the party giving notice,
                           means that the other may be unable to pay its debts.

         9.3      Termination of this Agreement for whatever reason shall not
                  affect or prejudice the rights of the parties arising in any
                  way out of this Agreement as at the date of

<PAGE>

                  termination and in particular, but without limitation, the
                  right to recover damages from the other.

         9.4      All provisions of this Agreement which are expressed to
                  operate or survive in the event of termination of this
                  Agreement shall remain in full force and effect after such
                  termination.

10.      INDEMNITY

         10.1     Subject to the constating documents of the Company and all
                  applicable laws, and with the exception of matters covered by
                  clause 4.5 of this Agreement, the Company hereby agrees to
                  indemnify and keep indemnified the Consultant (together with
                  its directors, officers, employees and agents) from and
                  against:-

                  10.1.1   any and all demands, claims, liabilities, losses,
                           damages, costs, legal costs, professional and other
                           expenses of any nature whatsoever including all
                           interest and penalties, incurred or suffered by the
                           Consultant or the Executive in connection with the
                           Business and all or any breaches by the Consultant or
                           the Executive of the provisions of this Agreement
                           (including all or any act, neglect or default of the
                           Consultant's directors, officers, employees and
                           agents); or

                  10.1.2   all actions, suits and proceedings which may be
                           commenced, taken or made against the Consultant or
                           the Executive or which may be incurred or which may
                           arise directly or indirectly by reason of the
                           provision by the Consultant or the Executive of all
                           or any of the services under this Agreement or by
                           reason of any act done and/or omitted to be done in
                           relation thereto or attempting to enforce the
                           Consultant's rights under this indemnity, except
                           insofar as any such claims arise from any breach of
                           this Agreement by the Consultant,

                  so long as the Consultant or the Executive (as applicable)
                  acted honestly and in good faith with a view to the best
                  interests of the Company and, in the case of a criminal or
                  administrative action or proceeding that is enforced by a
                  monetary penalty, the Consultant or the Executive (as
                  applicable) had reasonable grounds for believing that their
                  conduct was lawful.

         10.2     All sums payable under clause 6 of this Agreement shall be
                  payable by the Company immediately on demand by the Consultant
                  in full without any deduction, withholding, counterclaim or
                  set-off and if any such deduction or withholding is made, or
                  any tax, duty or levy of any nature whatsoever, except taxes
                  imposed on the Consultant and measured by the income of the
                  Consultant, is required to be paid on the sum due, the Company
                  shall immediately pay to the Consultant such additional amount
                  as will result in the payment to and retention by the
                  Consultant of the full amount which would have been received
                  and retained by the Consultant but for such deduction or
                  withholding or the imposition of any such tax, duty or levy.

11.      ASSIGNMENT AND DELEGATION

         11.1     The provisions of this Agreement shall be binding on and enure
                  to the benefit of the successors and assigns of each party
                  hereto provided that either party may not, and may not agree
                  to, assign, transfer, charge or otherwise dispose of or
                  subcontract any of its rights or obligations under this
                  Agreement without the prior written consent of the other
                  parties.

         11.2     Neither the Consultant nor the Company shall be permitted to
                  delegate any of their duties or obligations arising under this
                  Agreement otherwise than may be expressly agreed in writing
                  between the Consultant nor the Company.

<PAGE>

12.      FORCE MAJEURE

         12.1     None of the parties shall be in breach of the provisions of
                  this Agreement if there is any failure of performance by it of
                  its obligations under this Agreement occasioned by any act of
                  God, fire, act of local, national or supranational authority
                  or government or state, war, civil commotion, embargo, strike,
                  lock-out or other cause beyond the control of either party.

         12.2     If any of the parties is unable to perform its duties and
                  obligations under this Agreement as a direct result of the
                  effect of one or more of such causes, such party shall give
                  written notice to the others of such inability stating the
                  cause in question, without delay. The operation of this
                  Agreement (but not the provisions relating to confidentiality
                  and the restrictive obligations of the parties) shall be
                  suspended during the period in which the cause continues to
                  have effect. Forthwith upon the cause ceasing to have effect,
                  the party relying upon it shall give written notice thereof to
                  the others.

         12.3     If the cause continues to have effect for a period of more
                  than sixty (60) days, the parties not claiming relief under
                  this clause shall have the right to terminate this Agreement
                  forthwith upon giving written notice of such termination to
                  the other parties.

13.      ILLEGALITY AND SEVERABILITY

         If any provision of this Agreement shall become or be declared illegal,
         invalid or unenforceable, in whole or in part, for any reason
         whatsoever by any competent court, tribunal or authority in Anguilla,
         such provision or part thereof shall be divisible from this Agreement
         and shall be deemed to be deleted from this Agreement in so far as the
         continued operation of this Agreement is concerned provided always
         that, if such deletion substantially affects or alters the commercial
         basis of this Agreement, the parties shall negotiate in good faith to
         amend and modify the provisions of this Agreement as may be necessary
         or desirable in the circumstances.

14.      NO WAIVER

         No failure or delay on the part of either of the parties to exercise
         any right or remedy under this Agreement shall be construed or operate
         as a waiver thereof, nor shall any single or partial exercise of any
         right or remedy preclude the further exercise of such right or remedy
         as the case may be.

15.      ANNOUNCEMENTS

         No public announcement shall be made in respect of the subject matter
         of this Agreement without the prior written approval of the Consultant
         and provided always that the Consultant agrees to the form and content
         of any such announcement in writing.

16.      NOTICES

         16.1     Any notices or other communication given or made under this
                  Agreement shall be in writing and shall be deemed to have been
                  duly given if delivered by hand or by registered post as
                  follows:

                  If to the Consultant or to the Executive to:

                               T.M. Williams (Row) Ltd.
                               PO Box 727
                               The Valley
                               TV1 02P
                               Anguilla

<PAGE>

                               British West Indies

                               Fax: 264 498 3805
                               Attention:   Mr Donald R. Curtis

                  If to the Company:

                               Suite C200 - 4223 Glencoe Avenue
                               Marina del Ray
                               California 90292
                               United States of America

                               Fax: 801 457 1555
                               Attention:   Mr T.M. Williams

         16.2     In the event of any postal or other strike or industrial
                  action affecting postal communications in or between Anguilla
                  and the United States of America notices shall be given
                  personally or by facsimile.

         16.3     Any such notice or other documents shall be deemed to have
                  been received by the addressee five (5) working days following
                  the date of dispatch if the notice or other document is sent
                  by registered post or on the next working day after delivery
                  if sent by hand or by facsimile.

17.      AMENDMENTS

         This Agreement may only be amended by written agreement signed by all
         parties.

18.      GOVERNING LAW AND JURISDICTION

         This Agreement shall be governed by and construed in accordance with
         the laws of Florida and the parties hereto submit to the jurisdiction
         of the courts of Florida.

19.      ENTIRE AGREEMENT

         This Agreement contains the entire agreement of the parties with
         respect to the matters covered in it and no other or prior promises,
         representations, agreements, negotiations or discussions, oral or
         written, made by either party or its employees, officers or agents
         shall be valid or binding.

20.      COUNTERPARTS

         This Agreement may be executed in separate counterparts, which together
         shall be construed as a single instrument.

IN WITNESS whereof the parties or their respective duly authorised
representatives have executed this Agreement as of the day and year first before
written.

(SIGNATURE PAGE FOLLOWS)

<PAGE>

Signed by Donald R. Curtis, Director        )
for and on behalf of                        )
T.M. Williams (Row) Ltd.                    )
in the presence of:-                        )
                                            )
                                            )
"Catherine Orchard"                         )        "Donald Curtis"
------------------------------------        )        ---------------------------
Witness

Signed by Mitch White, Director             )
for and on behalf of                        )
BINGO.COM, Inc. in the presence of:-        )
                                            )
                                            )
"Jamie Lanfranco"                           )        "Mitch White"
------------------------------------        )        ---------------------------
Witness

Signed by                                   )
T.M. Williams                               )
In the presence of:-                        )
                                            )
                                            )
"Jamie Lanfranco"                           )        "T.M. Williams"
------------------------------------        )        ---------------------------
Witness

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