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                            PLACEMENT AGENT AGREEMENT

This agreement (the  "Agreement"),  made as of this 17th day of April,  2006, by
and between Manaris Corporation, a Nevada corporation, (the "Company"), with its
principal  place of  business  at 1155  Rene-Levesque  Blvd.  West  Suite  2720,
Montreal A8 H3B 2K8 and MIDTOWN  PARTNERS & CO.,  LLC, (the  "Placement  Agent",
"Midtown" or "Midtown Partners),  a Florida limited liability company,  with its
principal  place of business at 4902  Eisenhower  Boulevard,  Suite 185,  Tampa,
Florida 33634,  confirms the understanding and agreement between the Company and
the Placement Agent as follows:

                                    SECTION I

      The Company hereby engages the Placement Agent as the Company's  exclusive
placement  agent in connection with a proposed  private  placement in the United
States (the  "Offering")  of up to five million  dollars  (US$5,000,000)  of the
Company's  securities  (the  "Financing").  The Offering  will be made to solely
"accredited investors" (the "Accredited Investors"),  as such term is defined in
Rule 501(a) of Regulation D ("Regulation D") promulgated under the United States
Securities  Act of 1933,  as amended  (the  "Securities  Act"),  pursuant  to an
exemption from registration  under applicable  federal and state securities laws
available  under Rule 506 of  Regulation D and in  accordance  with the terms of
this  Agreement.  The terms and conditions of the Financing  shall be similar to
those terms and  provisions  as attached in Exhibit A hereto  subject to a final
term Sheet to be set forth at a later date to be  approved by the  Company.  The
Placement Agent hereby accepts such engagement upon the terms and conditions set
forth in this Agreement. This Agreement shall not give rise to any commitment or
obligation by the Placement Agent to purchase any of the Financing or, except as
set forth herein, to find purchasers for the Financing.

      The Placement Agent shall provide the following services (the "Services"):

      (a) Advise the  Company  with regard to the size of the  Offering  and the
structure and terms of the Financing in light of the current market environment;

      (b) Assist the Company in identifying and evaluating prospective qualified
Accredited Investors;

      (c)  Approach  such  investors  on a "best  efforts  basis"  regarding  an
investment in the Company; and

      (d) Work with the  Company to develop a  negotiating  strategy  and assist
with the negotiations with such potential investors.

      In connection with the Placement Agent providing the Services, the Company
agrees  to keep the  Placement  Agent up to date and  apprised  of all  material
business,  market  and  legal  developments  related  to  the  Company  and  its
operations  and  management.  The  Placement  Agent  shall  devote such time and
effort, as it deems commercially reasonable under the circumstances in rendering
the  Services.  The  Placement  Agent  shall not provide any work that is in the
ordinary  purview of a certified public  accountant.  The Placement Agent cannot
guarantee results on behalf of the Company, but shall pursue all avenues that it
deems reasonable through its network of contacts.

<PAGE>

                                   SECTION II

      The Placement  Agent, its affiliates and any person acting on its or their
behalf  hereby  represent,  warrant and agree as follows (the  "Placement  Agent
Parties"):

      (a) The Financing  offered and sold by the  Placement  Agent have been and
will be offered and sold in  compliance  with all  federal and state  securities
laws and regulations  governing the registration and conduct of  broker-dealers,
and each Placement  Agent Party making an offer or sale of Financing was or will
be,  at the  time of any  such  offer or  sale,  registered  as a  broker-dealer
pursuant to Section 15(b) of the United States Securities  Exchange Act of 1934,
as amended (the "Exchange  Act"), and under the laws of each applicable state of
the United States  (unless  exempted from the respective  state's  broker-dealer
registration  requirements),  and in good standing with the National Association
of Securities Dealers, Inc.

      (b) The Financing  offered and sold by the  Placement  Agent have been and
will be offered and sold only to Accredited  Investors in  accordance  with Rule
506 of Regulation D and applicable state securities laws; provided, however, the
Company shall make all necessary filings under Rule 503 of Regulation D and such
similar notice filings under  applicable  state  securities  laws. The Placement
Agent Parties represent and warrant that they have reasonable grounds to believe
and do believe  that each  person to whom a sale,  offer or  solicitation  of an
offer  to  purchase  Financing  was or  will be  made  was and is an  Accredited
Investor.  Prior to the sale and delivery of a Financing  to any such  investor,
the Placement Agent Parties will obtain an executed  subscription  agreement and
an executed  investors'  rights agreement in the form agreed upon by the Company
and the Placement Agent (the "Subscription Documents").

      (c) In  connection  with  the  offers  and  sales  of the  Financing,  the
Placement Agent Parties have not and will not

      (1) Offer or sell,  or solicit any offer to buy, any Financing by any form
of "general  solicitation" or "general  advertising",  as such terms are used in
Regulation D, or in any manner involving a public offering within the meaning of
Section 4(2) of the Securities Act;

      (2) Use any  written  material  other  than the term  sheet,  that will be
approved by the  Company at a later date,  and the  Placement  Agent,  a copy of
which is attached hereto as Exhibit A, and the Subscription Documents, and shall
only rely upon and communicate  information that is publicly available regarding
the Company to any potential investors (without limiting the foregoing,  none of
the Placement Agent Parties is authorized to make any representation or warranty
to any offeree concerning the Company or an investment in the Financing); or

      (3) Take any action that would  constitute  a violation  of  Regulation  M
under the Exchange Act.

      (d) The Placement Agent shall cause each affiliate or each party acting on
its or their behalf with whom they enter into contractual  arrangements relating
to the offer and sale of any Financing to agree, for the benefit of the Company,
to the same provisions contained in this Agreement.

                                   SECTION III

During the Term (as defined  below),  the Placement  Agent is hereby retained by
the Company to make limited  introductions  on a best  efforts  basis to provide
financing for the Company in an amount and form to be mutually determined by the
Company and the Placement Agent.

                                   SECTION IV

      The Company hereby represents, warrants and agrees as follows:

      (a) This  Agreement  has been  authorized,  executed and  delivered by the
Company and, when executed by the Placement  Agent will constitute the valid and
binding agreement of the Company  enforceable  against the Company in accordance
with its terms,  except as  enforcement  thereof  may be limited by  bankruptcy,
insolvency  or  reorganization,  moratorium or other similar laws relating to or
affecting creditors' rights generally or by general equitable principles.

<PAGE>

      (b) The offer and sale of the Financing,  the Shares, and the Warrants, as
defined in Exhibit A shall be exempt from registration under the Securities Act,
and will comply,  in all material  respects with the requirements of Rule 506 of
Regulation D  promulgated  under the  Securities  Act and any  applicable  state
securities  laws. No documents  prepared by the Company in  connection  with the
Offering,  or any amendment or supplement thereto,  contain any untrue statement
of a material  fact or omit to state any  material  fact  required  to be stated
therein  or  necessary  to  make  the  statements   therein,  in  light  of  the
circumstances under which they were made, not misleading.

      (c) The financial  statements,  audited and unaudited (including the notes
thereto),   included  in  the  Company's  latest  annual  information  form  and
subsequent  quarterly reports (the "Financial  Statements"),  present fairly the
financial  position of the Company as of the dates  indicated and the results of
operations  and cash  flows  of the  Company  for the  periods  specified.  Such
Financial  Statements have been prepared in conformity  with generally  accepted
accounting  principles  applied on a  consistent  basis  throughout  the periods
involved except as otherwise stated therein.

      (d) No federal,  state or foreign governmental agency has issued any order
preventing or suspending the Offering.

      (e) The  Company  is a Nevada  corporation  organized,  existing  and with
active status under the laws of Nevada, with corporate power and authority under
such laws to own,  lease and operate its  properties and conduct its business as
now conducted. The Company has all power, authority, authorization and approvals
as may be required  to enter into this  Agreement  and each of the  Subscription
Documents,  and to carry out the provisions  and conditions  hereof and thereof,
and to issue and sell the Financing, the Shares, and Warrants.

      (f) The Financing,  the Shares,  the Warrants,  and common shares issuable
upon exercise of the Warrants (the "Warrant  Shares"),  have all been authorized
for issuance and sale pursuant to the  Subscription  Documents,  and when issued
and delivered by the Company  against  payment  therefore in accordance with the
terms of the Subscription  Documents,  will be validly issued and fully paid and
non-assessable.

      (g) With the exception of any  approvals  required by the  Securities  and
Exchange   Commission   related  to  the  Offering,   no  further   approval  or
authorization of any shareholder of the Company, its Board of Directors or other
person or group is required  for the  issuance  and sale of the  Financing,  the
Shares, the Warrants or the Warrant Shares.

      (h) Since the latest unaudited financial statements there has not been any
(A)  material  adverse  change  in the  business,  properties,  assets,  rights,
operations,  condition (financial or otherwise) or prospects of the Company, (B)
transaction that is material to the Company, except transactions in the ordinary
course of business,  (C) obligation  that is material to the Company,  direct or
contingent, incurred by the Company, except obligations incurred in the ordinary
course of business,  (D) change that is material to the Company or in the common
shares  or  outstanding   indebtedness  of  the  Company,  or  (E)  dividend  or
distribution  of any kind  declared,  paid,  or made in  respect  of the  common
shares.

                                    SECTION V

      The parties agree that the close of the Offering (the "Closing")  shall be
subject to the satisfaction of the following conditions, unless expressly waived
in writing by the parties:

      (a) The  Offering  shall not be  subject  to any  regulatory  or  judicial
proceeding  questioning  or  reviewing  its  effectiveness  for the  purpose  of
offering the Financing for sale and issuance.

<PAGE>

      (b) The Company shall  deliver a certificate  of an officer of the Company
dated as of the Closing  that affirms the  accuracy of the  representations  and
warranties contained in Section IV hereof.

      (c) The  Placement  Agent shall have received an opinion of counsel to the
Company,  dated  as of the  Closing,  that  the  Financing  offered  and sold in
compliance  with this  Agreement  are not  required to be  registered  under the
Securities Act.

      (d) The Company shall have paid, or made arrangements  satisfactory to the
Placement  Agent for the  payment  of, all such  expenses as required by Section
VIII below.

      (e) The Placement Agent and the Company shall have finalized and agreed to
the form of the warrant agreement and registration  rights agreement referred to
in Section VIII below.

                                   SECTION VI

      (a) The term of this  Agreement  shall  commence on the date first written
above and shall  expire  the  earlier  of  thirty  (30) days  after the date the
Company (1) provides the Placement Agent with requested due diligence  materials
and (2) the Company and the  Placement  Agent  mutually  agree that  information
documents  (including,  but not limited to: a business plan;  executive summary;
three-year  historical  income  statement,  statement of cash flows, and balance
sheet;  five-year  projected  financial  statements;  use of proceeds statement;
investor presentation;  valuation analysis),  to be provided and approved by the
Company,  are  ready  for  presentation  to the  Placement  Agent's  network  of
potential financing sources or the closing of the Offering, unless terminated in
accordance  with the  provisions  set forth  below,  or  extended  by the mutual
written  consent of the  parties  hereto (the  "Term").  This  Agreement  may be
terminated only:

      (1) By either  party for any  reason at any time upon  thirty  (30)  days'
prior written notice; or

      (2) By the Placement  Agent upon default in the payment of any amounts due
to the Placement Agent pursuant to this Agreement, if such default continues for
more than fifteen (15) days following  receipt by the Company from the Placement
Agent of written notice of such default and demand for payment.

      (a) In the event of termination,  the Placement Agent shall be immediately
paid in full on all items of  compensation  and expenses  (including any amounts
deferred)  payable to the Placement  Agent  pursuant  hereto,  as of the date of
termination.

      (b) The Placement  Agent Fee or Financing Fee shall become due and payable
to PLACEMENT  AGENT upon the date that the Company  receives the proceeds of the
financing from the party  providing the financing.  A Placement  Agent Fee shall
also be  payable  with  respect  to any  Qualified  Offering  or any  subsequent
Qualified  Financing  accepted and received by Company within twelve (12) months
after the termination or expiration of this Agreement, by any party or source of
funding introduced or facilitated by PLACEMENT AGENT to Company; or

      (3) By mutual agreement of the parties.

                                   SECTION VII

      If at any time during the twelve (12) months  following the termination of
this Agreement the Company  conducts a Qualified  Offering,  the Placement Agent
shall (1) be entitled to receive commissions and fees for subscriptions received
or solicited by the Placement Agent for the Company's securities pursuant to the
terms and conditions of this Agreement,  and (2) be entitled to the compensation
and fees as set  forth  in  Section  VIII of this  Agreement  for any  Qualified
Financing  received by the Company.  Any  compensation  or fees paid pursuant to
Section VIII below shall relate only to the securities  initially  issued by the
Company and not the underlying  securities,  unless  otherwise  agreed to by the
Company.

<PAGE>

      "Qualified  Offering"  shall mean any  securities  issued by the  Company,
other  than:  (1) the Units,  the  Warrants,  the  Shares or the  common  shares
underlying  the  Warrants  issued  pursuant to the terms and  conditions  of the
Offering;  (2) common shares,  options or other rights to purchase common shares
issued or granted to  employees,  officers,  directors  and  consultants  of the
Company  pursuant to one or more employee stock plans or agreements  approved by
the  Company's  board of  directors;  (3)  securities  of the Company  issued or
issuable to financial  institutions  or lessors in  connection  with real estate
leases,   commercial  credit  arrangements,   equipment  financings  or  similar
transactions  approved by the Company's board of directors,  including,  but not
limited to, equipment leases or bank lines of credit; (4) securities issued as a
dividend   or   distribution   on,  or  in   connection   with  a  split  of  or
recapitalization  of, any of the capital  stock of the Company;  (5)  securities
issued by the Company pursuant to strategic partnership,  joint venture or other
similar  arrangements  approved by the  Company's  board of directors  where the
primary  purpose of the  arrangement is not to raise capital;  (6) securities of
the Company  issued  pursuant to a registration  statement  filed by the Company
under the Securities  Act; (7) securities  issued by the Company  pursuant to an
acquisition of another corporation or other entity by the Corporation by merger,
purchase of all or  substantially  all of the capital stock or assets,  or other
reorganization;  or (8) securities of the Company  issued  pursuant to currently
outstanding  options,  warrants  or other  rights to acquire  securities  of the
Company.

      "Qualified  Financing"  shall mean an  investment  from a person after the
termination of this Agreement that directly  results from the Placement  Agent's
performance of the Services hereunder during the Term of this Agreement (for the
avoidance of doubt this shall mean any  solicitation of a potential  investor or
an  introduction  of a potential  investor to the Company by the Placement Agent
related to the Offering during the Term of this Agreement).  The Placement Agent
agrees to provide to the Company  within ten (10) days after the  termination of
this  Agreement  (the  "Delivery  Deadline") a list of all persons  solicited on
behalf of the  Company  or  introduced  to the  Company by the  Placement  Agent
related to the  Offering  (the  "Solicitation  List") to assist  the  parties in
making a later  determination as to whether a Qualified  Financing has occurred.
If the Solicitation  List is not provided to the Company prior to the expiration
of the Delivery  Deadline,  the Company's  obligation to pay any  commissions or
fees  related  to a  Qualified  Financing  pursuant  to this  Section  VII shall
immediately  terminate.  For  purposes of this  Agreement,  receipt of Qualified
Financing  shall be  deemed to be  received  by the  Company  on the date that a
definitive  agreement  regarding  the  Qualified  Financing  is  executed by the
Company and the party providing such financing.  The  compensation or fees shall
become  payable to the Placement  Agent upon the date that the Company  receives
the proceeds of the Qualified Financing.

      Notwithstanding  anything  to the  contrary,  if the  Company  conducts  a
Qualified  Offering  during the twelve (12) months  following the termination of
this Agreement,  it shall not be obligated to accept any subscriptions  received
by the Placement Agent or any Qualified  Financing by virtue of this Section VII
and the Company reserves the right to accept or reject any such subscriptions or
Qualified Financing in whole or in part.

                                  SECTION VIII

In  consideration  for the  performance of the Services  hereunder,  the Company
hereby agrees to pay to the Placement  Agent such fees ("The Placement Agent Fee
or the Financing Fee") as outlined below:

      (a) If the Placement Agent receives  subscriptions for Financing as a part
of the Offering (the "Placement Agent Investors"), the Company shall:

      1) Pay to the Placement  Agent in US dollars via wire from the  attorney's
escrow at closing an amount equal to nine percent (9%) of the  principal  amount
of the Financing  purchased by the Placement  Agent  Investors  (the  "Financing
Fee")  for the first up to three  million  dollars  ($3m),  seven  percent  (7%)
thereafter and pay to the Placement  Agent nine percent (9%) on the execution of
any Warrants purchased by the Investors.

<PAGE>

      2) On each closing date of a Financing on which aggregate consideration is
paid or becomes  payable to the Company for its Equity  Securities,  the Company
shall  issue to the  Placement  Agent or its  permitted  assigns  warrants  (the
"Warrants") to purchase such number of shares of the common stock of the Company
equal to eight  and one  quarter  percent  (8 1/4%) of the  aggregate  number of
shares of common stock of the Company  issued and issuable by the Company  under
and in connection with the  Financings.  The Warrants shall have a five (5) year
term and shall provide for cashless exercise (even if the Purchasers do not have
such right), if the Warrants are not registered within one year of Closing,  and
have terms and conditions identical to the Warrants purchased by the Purchasers,
including, without limitation, anti-dilution and full ratchet provisions to take
into account any issuance of additional shares of common stock as a result of an
adjustment  to the  Securities  or the  shares of common  stock  underlying  the
Securities.  The Warrants  shall be  exercisable  after the date of issuance and
shall  expire  five (5)  years  after  the date of  issuance,  unless  otherwise
extended by the Company.  The Warrants shall include  anti-dilution  protection,
including protection against issuances of securities at prices (or with exercise
prices, in the case of warrants,  options or rights) below the exercise price of
the Warrants.  The Warrants  shall not be callable or  redeemable.  The Warrants
shall also piggyback  registration  rights.  The Warrants shall be  transferable
within MIDTOWN PARTNERS, at the Placement Agent's discretion.

      An escrow with a third party agent  approved by the parties hereto will be
used for each  closing  to  which  the  Placement  Agent  shall be a party.  All
consideration  due the  Placement  Agent  shall be paid to the  Placement  Agent
directly there from.

      3) Cause its  affiliates to, pay to the Placement  Agent all  compensation
described  in  this  Section  VIII  with  respect  to all  Securities  sold to a
purchaser or purchasers at any time prior to the  expiration of thirty-six  (36)
months after the  expiration of this  Agreement  (the "Tail Period") if (i) such
purchaser or purchasers  were  identified to the Company by the Placement  Agent
during the Term  authorized,  (ii) the Placement  Agent advised the Company with
respect to such purchaser or purchasers  during the Term authorized or (iii) the
Company or the Placement Agent had discussions with such purchaser or purchasers
during the Term authorized.

      4) The Company  agrees to pay one percent (1%) of the principal  amount of
the Offering  purchased by the Placement Agent  Investors (the  "Non-accountable
Fee") which will be used to pay Placement Agent expenses  including fees such as
its legal fees, entertainment expenses, travel, etc.

      (a) It is  acknowledged  and agreed that the Company  shall bear all costs
and  expenses  incident  to  the  issuance,  offer,  sale  and  delivery  of the
Financing.  These costs and  expenses  will include but are not limited to state
"Blue Sky" fees, legal fees,  printing costs, travel costs,  mailing,  couriers,
personal background checks, and other expenses incidental to the advancement and
completion of the Offering.  Full payment of Placement Agent's expenses shall be
made in same day funds at the Closing or, if the Offering is terminated  for any
reason, within ten (10) days of receipt by the Company of a written request from
the  Placement  Agent for  reimbursement  of expenses,  including  documentation
therefore satisfactory to the Company.

      5)  Subject to the other  requirements  set forth in this  Agreement,  the
Placement  Agent may  introduce  investors to the  Offering  directly or through
other  NASD  member   broker-dealers.   If  the  Placement  Agent  utilizes  any
intermediaries, the Placement Agent shall be the Company's point of contact, not
the intermediary, and the Placement Agent, not the Company, shall be responsible
for any  compensation  arrangement  with the  intermediary.  The Company's  sole
compensation  arrangement,  responsibility and obligation are with the Placement
Agent.   The  Placement  Agent  will  disclose  the  identity  and  compensation
arrangements  with all of its  intermediaries  in order to allow the  Company to
adequately disclose such arrangements, where necessary.

<PAGE>

                                   SECTION IX

      The Company  agrees to indemnify the Placement  Agent and hold it harmless
against any losses,  claims,  damages or  liabilities  incurred by the Placement
Agent, in connection with, or relating in any manner, directly or indirectly, to
the Placement  Agent  rendering the Services in accordance  with the  Agreement,
unless it is determined by a court of competent  jurisdiction  that such losses,
claims, damages or liabilities arose out of the Placement Agent's breach of this
Agreement, sole negligence,  gross negligence,  willful misconduct,  dishonesty,
fraud or violation of any applicable  law.  Additionally,  the Company agrees to
reimburse the Placement Agent  immediately for any and all expenses,  including,
without limitation, attorney fees, incurred by the Placement Agent in connection
with  investigating,  preparing  to  defend or  defending,  or  otherwise  being
involved  in, any  lawsuits,  claims or other  proceedings  arising out of or in
connection  with or  relating  in any manner,  directly  or  indirectly,  to the
rendering  of any  Services  by the  Placement  Agent  in  accordance  with  the
Agreement (as  defendant,  nonparty,  or in any other  capacity  other than as a
plaintiff, including, without limitation, as a party in an interpleader action);
provided,  however,  that in the  event a  determination  is made by a court  of
competent  jurisdiction  that the losses,  claims,  damages or  liability  arose
primarily  out  of  the  Placement  Agent's  breach  of  this  Agreement,   sole
negligence,  gross  negligence,  willful  misconduct,  dishonesty,  fraud or any
violation of any applicable  law, the Placement  Agent will remit to the Company
any amounts for which it had been reimbursed  under this paragraph.  The Company
further agrees that the indemnification and reimbursement  commitments set forth
in this paragraph shall extend to any controlling  person,  strategic  alliance,
partner,   member,   shareholder,   director,   officer,   employee,   agent  or
subcontractor  of the Placement  Agent and their heirs,  legal  representatives,
successors and assigns.

      The  Placement  Agent  agrees  to  indemnify  the  Company  and to hold it
harmless against any losses,  claims,  damages or liabilities incurred by any of
them, in connection  with, or relating in any manner,  to the gross  negligence,
willful  misconduct,  dishonesty,  fraud or violation of any  applicable  law (a
"Claim Against the Placement Agent").  Additionally,  the Placement Agent agrees
to  reimburse  the  Company  immediately  for any and all  expenses,  including,
without  limitation,  attorney fees,  incurred by the Company in connection with
investigating, preparing to defend or defending, or otherwise being involved in,
any lawsuits,  claims or other proceedings  arising out of or in connection with
or relating  in any  manner,  directly  or  indirectly,  to a Claim  Against the
Placement Agent; provided, however, that in the event a determination is made by
a court of competent  jurisdiction that the losses, claims, damages or liability
arose primarily out of the Company's breach of this Agreement,  sole negligence,
gross negligence, willful misconduct,  dishonesty, fraud or any violation of any
applicable  law, the Company will remit to the  Placement  Agent any amounts for
which it had been reimbursed  under this paragraph.  The Placement Agent further
agrees that the indemnification and reimbursement  commitments set forth in this
paragraph shall extend to any controlling person,  strategic alliance,  partner,
member, shareholder,  director, officer, employee, agent or subcontractor of the
Company and their heirs, legal representatives, successors and assigns.

      The provisions set forth in this Section IX shall survive any  termination
of this Agreement.

                                    SECTION X

All notices, demands or other communications given hereunder shall be in writing
and  shall be  deemed  to have  been  duly  given  when  delivered  in person or
transmitted  by  facsimile  transmission  or the fifth  calendar day after being
mailed by  registered  or certified  mail,  return  receipt  requested,  postage
prepaid,  to the addresses herein above first mentioned or to such other address
as any party hereto shall  designate to the other for such purpose manner herein
set forth.

                                   SECTION XI

Governing  Law. The subject  matter of this  Agreement  shall be governed by and
construed in accordance with the laws of the State of Florida (without reference
to its choice of law  principles),  and to the exclusion of the law of any other
forum,  without  regard  to the  jurisdiction  in which any  action  or  special
proceeding may be instituted. EACH PARTY HERETO AGREES TO SUBMIT TO THE PERSONAL
JURISDICTION  AND VENUE OF THE STATE AND/OR FEDERAL COURTS LOCATED IN PALM BEACH
COUNTY,  FLORIDA FOR  RESOLUTION  OF ALL DISPUTES  ARISING OUT OF, IN CONNECTION
WITH, OR BY REASON OF THE INTERPRETATION,  CONSTRUCTION, AND ENFORCEMENT OF THIS
AGREEMENT,  AND  HEREBY  WAIVES THE CLAIM OR DEFENSE  THEREIN  THAT SUCH  COURTS
CONSTITUTE AN INCONVENIENT  FORUM. AS A MATERIAL  INDUCEMENT FOR THIS AGREEMENT,
EACH  PARTY  SPECIFICALLY  WAIVES  THE  RIGHT TO TRIAL BY JURY OF ANY  ISSUES SO
TRIABLE.  If it becomes  necessary  for any party to  institute  legal action to
enforce the terms and conditions of this Agreement,  the prevailing party may be
awarded reasonable attorneys fees, expenses and costs.

<PAGE>

      Confidentiality.  The  Placement  Agent  may  acquire  certain  non-public
information  respecting  the  business  of the  Company in  connection  with the
performance of services hereunder,  including  information,  which is reasonably
understood  to  be  proprietary  or   confidential   in  nature   (collectively,
"Confidential  Information").   The  Placement  Agent  hereby  agrees  that  all
Confidential  Information  shall be kept strictly  confidential by the Placement
Agent and its affiliates, members, partners, shareholders,  managers, directors,
officers,  employees,  advisors,  agents, and controlling persons (collectively,
"Representatives"), except that Confidential Information or portions thereof may
be  disclosed  to  Representatives  who need to know  such  information  for the
purpose of enabling the Placement Agent to perform services  hereunder (it being
understood that prior to such disclosure,  such  Representative will be informed
by  the  Placement  Agent  of  the  confidential  nature  of  such  Confidential
Information and shall agree to be bound by this Agreement).  The Placement Agent
shall  be  responsible   for  any  breach  of  this  provision  by  any  of  its
Representatives. For purposes hereof, Confidential Information shall not include
any information  which (i) at the time of disclosure or thereafter is or becomes
generally  known by the public (other than as a result of its  disclosure by the
Placement Agent or its  Representatives),  (ii) was or becomes  available to the
Placement Agent on a non-confidential  basis from a person who is not subject to
a confidentiality agreement concerning that information, or (iii) is required by
law to be disclosed by the Placement  Agent (provided that if such disclosure is
required by order of a court or administrative agency, the Placement Agent shall
notify the Company as soon as possible so that the Company may seek a protective
order).

      Assignments  and Binding  Effect.  This Agreement  shall be binding on and
inure to the benefit of the parties hereto and their  respective  successors and
permitted  assigns.  The  rights  and  obligations  of the  parties  under  this
Agreement may not be assigned or delegated  without the prior written consent of
both parties, and any purported assignment without such written consent shall be
null and void.

      Modification  and Waiver.  Only an instrument  in writing  executed by the
parties hereto may amend this Agreement. The failure of any party to insist upon
strict  performance  of any of the  provisions  of this  Agreement  shall not be
construed as a waiver of any subsequent  default of the same or similar  nature,
or any other nature.

      Construction.  The  captions  used  in this  Agreement  are  provided  for
convenience  only and shall not affect  the  meaning  or  interpretation  of any
provision of this Agreement.

      Facsimile  Signatures.  Facsimile  transmission  of  any  signed  original
document, and re-transmission of any signed facsimile transmission, shall be the
same as delivery of an  original.  At the request of either  party,  the parties
shall confirm facsimile transmitted  signatures by signing an original document.
This Agreement may be executed in one or more counterparts,  each of which shall
be deemed an original and all of which taken together  shall  constitute one and
the same agreement.

      Severability.  If any  provision  of this  Agreement  shall be  invalid or
unenforceable in any respect for any reason,  the validity and enforceability of
any such provision in any other respect, and of the remaining provisions of this
Agreement, shall not be in any way impaired.

      Exclusive.  Midtown  acknowledges  and  agrees  that it is  being  granted
exclusive  rights with respect to the Services to be provided to the Company and
the Company is not free to engage other parties to provide  services  similar to
those being provided by Midtown  hereunder  without the prior written consent of
Midtown.

<PAGE>

      Non-Circumvention.   The  Company   hereby   irrevocably   agrees  not  to
circumvent,  avoid,  bypass, or obviate,  directly or indirectly,  the intent of
this Agreement.  The Company agrees not to accept any business  opportunity from
any third party to whom PLACEMENT  AGENT  introduces to the Company  without the
consent of PLACEMENT AGENT, unless for each business opportunity accepted by the
Company from a third party  introduced by PLACEMENT  AGENT, the Company remits a
term sheet and then a contract which defines a mutually  agreeable  compensation
structure for  PLACEMENT  AGENT.  In addition,  the Company shall not work with,
negotiate  with or enter into any equity linked  financing  whatsoever  with any
Investor, Consultant or Placement Agent without Midtown's prior written consent.
If the Company raises capital  through in any equity  offering or sale or equity
linked  instrument while engaged with Midtown as the exclusive  Placement Agent,
the Company  shall pay to Midtown all of its fees in Section  VIII,  even if the
Placement Agent has provided no assistance whatsoever in raising such capital.

      Survivability.   Neither  the   termination  of  this  Agreement  nor  the
completion  of any  services to be provided by the  Placement  Agent  hereunder,
shall affect the provisions of this Agreement that shall remain operative and in
full force and effect.

      Entire  Agreement.  This Agreement  constitutes  the entire  agreement and
understanding  of the parties  hereto with respect to the subject matter of this
Agreement  and  supersedes  all prior  understandings  and  agreements,  whether
written or oral, among the parties with respect to such subject matter.

      If the  foregoing  correctly  sets  forth the  understanding  between  the
Placement Agent and the Company,  please so indicate in the space provided below
for that purpose.  The undersigned  parties hereto have caused this Agreement to
be duly  executed by their  authorized  representatives,  pursuant to  corporate
board approval and intend to be legally bound.

      Manaris Corporation               MIDTOWN PARTNERS & CO., LLC.

      By: /s/ John Fraser               By: /s/ Bruce Jordan
          ---------------                   ----------------

      John Fraser, President and        Bruce Jordan, President
        Chief Executive OfficerUnassociated Document

    Exhibit
      10.10

    

    DEVELOPMENT
      AND LICENSE AGREEMENT

    

    

    This
      Development and License Agreement (“Agreement”)
      is
      entered into effective as of May 15, 2006, by and between Spectre
      Gaming, Inc.,
      a
      Minnesota corporation and having a principal place of business at 14200 23rd
      Avenue N., Minneapolis, Minnesota 55447 (“Spectre”),
      and
Global
      Gaming Group, Inc.,
      a
      Nevada corporation and having a principal place of business at 3035 East Patrick
      Lane Suite 14, Las Vegas, Nevada 89120 (“G3”).

     

    INTRODUCTION

     

    A. Spectre
      is in the business of developing casino-style redemption games, or
“amusement-with-prize” games, at adult-entertainment facilities in the United
      States.

     

    B. G3
      has
      certain unique skills and abilities with respect to the development of
      customized game content (“Content”).

     

    C. SPECTRE
      desires to retain G3 as an independent contractor to develop Content for at
      least 20 new video-redemption games for Spectre’s use pursuant to the terms and
      conditions of this Agreement.

     

    D. G3
      is
      ready, willing and able to undertake the development of Content for
      video-redemption games for Spectre and agrees to do so under the terms and
      conditions set forth in this Agreement.

     

    AGREEMENT

     

    Now,
      Therefore,
      in
      consideration of the facts and premises set forth above, and for other good
      and
      valuable consideration the receipt and sufficiency of which are hereby
      acknowledged, the parties agree as follows:

     

    1.  Creation
      and Development of Games.
      G3 will
      create and deliver to Spectre Content for 20 new video-redemption games pursuant
      to the following delivery schedule, assuming that Spectre is not the cause
      of
      any delay pertaining thereto:

     

    
      	
              Date

            	
              Number
                of Games

            
	
              March
                31, 2006

            	
              7

            
	
              May
                31, 2006

            	
              7

            
	
              July
                31, 2006

            	
              6

            

    

    

    For
      purposes of this Agreement, the term “video-redemption
      games”
means
      a
      game in which the user wagers money and, if the player wins, the game dispenses
      or displays a coupon or other representation of value that is redeemable for
      cash or merchandise, where (a) the retail value of the merchandise receivable
      upon the redemption of any such coupon or other representation of value is
      materially greater than the value of cash receivable upon such redemption,
      (b)
      the maximum wholesale value of merchandise available from a single play of
      the
      game is no more than the maximum value allowed by law in that particular
      jurisdiction, and (c) the game is not a “Class II,” “Class III,” or a
      bingo-based, electronic pull-tab, or charitable game (as those terms are defined
      in the Indian Gaming Regulatory Act, 25 U.S.C. § 2703), or is not otherwise a
      gaming device. All Content for video-redemption games delivered to Spectre
      by G3
      under this Section 1 or Section 5 below shall be referred to as “Games.”
      

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Notwithstanding
      any of the foregoing, G3 is under no obligation to provide license for more
      than
      10 Games until such time as Spectre has placed a minimum 500 “video-redemption
      games” in the field. For the purposes of this requirement, a Game will be deemed
“placed” upon presentment to G3 by Spectre of a validly executed invoice (“Valid
      Invoice”) from Bally (or other equivalent manufacturer) indicating their binding
      intent to manufacture the hardware (Game Hardware and Platform”) for such Game.
      To be acceptable to G3, the Valid Invoice MUST contain specific delivery dates
      for all manufactured applicable Game Hardware and Platforms.

     

    2.  Deliverables.
      All
      Games delivered pursuant to this Agreement shall consist of at least the
      following components: graphics, audio, math and pay tables (collectively, the
      “Deliverables”).
      Upon
      G3’s delivery of the Games pursuant to this Agreement, the Deliverables must
      conform to the “Specifications” described and defined in Section 3 below. Except
      as set forth in Section 11 below, G3 will not be obligated to port (i.e.,
      modify) the Games to any operating platform.

     

    3.  Specifications.

     

    a.  Development
      of Specifications.
      G3 and
      Spectre will jointly develop mutually acceptable final specifications for the
      Games and the Deliverables (the “Specifications”).
      Any
      change in the Specifications after their adoption will be accomplished pursuant
      to paragraph b (Change in Specifications) below. If the parties cannot agree
      to
      Specifications for any or all of the Games and their related Deliverables
      (including a change in the Specifications pursuant to paragraph b below), either
      party will have the right to terminate this Agreement upon three days notice,
      subject to Spectre’s continuing royalty payment obligation pursuant to Section 7
      below.

     

    b.  Change
      in Specifications.
      If at
      any time following acceptance of Specifications pertinent to one or more Games
      and their related Deliverables, Spectre should desire a change in G3’s
      performance hereunder or in the software relevant to the Games or their related
      Deliverables that would materially alter the Specifications therefor, Spectre
      will provide G3 with a proposal specifying the desired changes. Thereafter,
      G3
      will provide Spectre with a written response to each such proposal within ten
      business days after receipt Spectre’s proposal. G3’s written response will
      include a statement of the availability of G3’s personnel and resources as well
      as any impact the proposed changes will have on the delivery dates for Games.
      G3
      reserves the right to refuse to implement any or all such changes for any
      business reason (subject, however, to Spectre’s right of termination set forth
      in paragraph (a) above).

     

    4.  Acceptance
      and Testing.

     

    a.  Initial
      Testing.
      Upon
      receipt of each Game and the Deliverables related thereto, Spectre will have
      90
      days to perform such tests as Spectre may in its discretion determine to be
      necessary or appropriate for the purpose of ensuring that each component of
      the
      Game and its Deliverables operates in accordance with the related Specifications
      (the “Acceptance
      Tests”).
      

     

    b.  Non-Performing
      Component.
      If any
      component of a Game or its Deliverables fails any applicable Acceptance Test,
      Spectre will give written notice to G3 of such failure, describing with
      reasonable specificity the nature of such failure. Upon receipt of such written
      notice, G3 will have thirty days thereafter to discuss corrective action with
      Spectre and to modify, correct or enhance such the non-performing component
      so
      that it conforms to the applicable Specifications. After delivery of any
      modification, correction or enhancement to a failing component, Spectre will
      have 30 additional calendar days in which to conduct Acceptance Tests for such
      component.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    c.  Right
      to Terminate.
      If any
      component that has been modified in connection with paragraph b. above fails
      to
      pass any additional Acceptance Tests as contemplated thereunder, Spectre will
      have the right to terminate this Agreement upon three days notice, with no
      further obligation or liability to G3.

     

    d.  Deemed
      Acceptance.
      If
      Spectre fails to give notice to G3 pursuant to this Section within 90 days
      of
      receipt of a Game that such Game or any of its Deliverables has either passed
      or
      failed any applicable Acceptance Tests, such Game and its Deliverables will
      be
      deemed to have been accepted by Spectre.

     

    5.  Additional
      Games.
      By
      mutual agreement, the parties may increase the number of Games that G3 will
      create and deliver to Spectre hereunder (which shall become “Games” pursuant to
      Section 1), and determine the delivery dates for such Games; provided,
      however,
      that if
      Spectre notifies G3 that Spectre desires G3 to create and deliver up to ten
      additional Games, G3 will not unreasonably withhold its consent and agreement
      to
      so create and deliver those Games, with Specifications reasonably determined
      by
      Spectre. G3 shall be entitled to reasonably withhold such consent based upon
      Spectre’s failure to meet its latest placement forecast as provided to G3 prior
      to the execution of this Agreement.

     

    6.  License.

     

    a.  Initial
      License.
      G3
      hereby grants Spectre, for the entire term of this Agreement, an exclusive
      license to: (i) utilize and commercially exploit the Games delivered hereunder,
      together with all software, trademarks, service marks and other
      intellectual-property rights comprising any part of the Games, in
      adult-entertainment centers in the United States in “video redemption games”
only, as that term is defined above.; and (ii) manufacture, and contract
      for the manufacture of the Games within “video redemption games” only, as that
      term is defined above. The license granted hereunder shall extend to Spectre’s
      contract manufacturers retained by Spectre for the purpose of manufacturing
      ”video redemption games” only, as that term is defined above, embodying the
      Games. This license shall only be applicable to Games placed by Spectre on
      a
      recurring “per game per day” basis. Sale of the Games may be agreed to by mutual
      consent of the parties.

     

    b.  Post-Termination
      License.
      Upon
      the expiration or early termination of this Agreement, the foregoing license
      described in clause (i) of paragraph a. above shall automatically continue
      for
      purposes of providing Spectre with the rights required to continue operating
      as
      contemplated in Section 7b below; provided,
      however,
      that
      this post-termination license shall expire upon five days’ advance written
      notice to Spectre of its failure to comply with the royalty-payment obligations
      under Section 9, so long as such failure has not been cured by such
      date.

     

    7.  Term
      and Effect of Termination.

     

    a.  Term.
      Subject
      to earlier termination under Section 8 below, this Agreement shall begin as
      of
      the date hereof and last for a term of three years hereafter.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    b.  Effect
      of Termination.
      If this
      Agreement expires without renewal or extension by the parties (or is otherwise
      terminated in accordance with any other provision hereunder), then, for so
      long
      as Spectre complies with the royalty provisions set forth in Section 9, Spectre
      shall have the right to continue utilizing and commercially exploiting the
      gaming devices embodying the Games that are then-currently placed in the
      locations of Spectre’s customers and are subject to revenue-sharing or
      participation arrangements (or similar arrangements not involving an outright
      sale of such gaming devices), for so long as permitted under Section 6b above.
      In addition, Spectre customers that have purchased any ”video redemption games”
embodying the Games prior to the expiration or termination of this Agreement
      shall have the right to continue utilizing and commercially exploiting the
      ”video redemption games” embodying the Games.

     

    8.  Early
      Termination.
      The
      parties may terminate this Agreement prior to the expiration of its three-year
      term as follows: (a) by mutual written agreement; (b) except as set forth in
      clause (c), upon a party’s material breach of this Agreement, a non-breaching
      party may terminate this Agreement upon 30 days advance written notice to the
      breaching party; provided,
      however,
      that
      such breach shall not have been cured prior to the end of such 30-day notice
      period; (c) Spectre may terminate this Agreement immediately, and with no
      further obligation to G3 in the event that G3 fails to meet the delivery
      deadlines for Games set forth in Section 1 (or as may be determined pursuant
      to
      Section 5) by more than 30 business days, with such failure being through no
      fault of Spectre; and (d) Spectre may terminate this Agreement pursuant to
      Section 3a or 4c, with no further obligation to G3, other than to continue
      to
      make Royalty Payments pursuant to Section 7 for all Games that will continue
      to
      be commercially exploited post-termination of the Agreement.

     

    9.  License
      Fee and Royalty Payments.

     

    a.  License
      Fee.
      In
      consideration for the license granted hereunder, Spectre agrees to pay G3 a
      non-refundable license fee, in the aggregate amount of $240,000 (the
“License
      Fee”),
      payable as follows: (i) $20,000 will be due on June 1, 2006, and
      (ii) $20,000 will be due on the first business day of each calendar month
      thereafter, through and including May 1, 2007.

     

    b.  Royalty
      Payments.

     

    i.  As
      additional consideration for the license granted hereunder, Spectre agrees
      to
      pay G3 monthly royalty payments based on the average daily Spectre Gross Profit
      from all gaming devices embodying a Game that are operated during that
      particular month (“Royalty
      Payments”),
      in
      amounts determined according to the following schedule:

     

    
      	
              Average
                Spectre Gross Profit

              per
                Game per Day ($)

            	
              Royalty
                Payment

              (%
                of Spectre Gross Profit)

            
	
              Up
                to $10

            	
              10%

            
	
              Over
                $10 and up to $20

            	
              20%

            
	
              Over
                $20 but less than $25

            	
              25%

            
	
              $25
                or more

            	
              30%

            

    

    

    ii.  For
      purposes of this Agreement the term “Spectre
      Gross Profit”
means,
      with respect to the gaming devices embodying Games that are operated during
      a
      particular calendar month, all revenue generated by those gaming devices during
      such month, less any and all costs and expenses for that month directly
      associated with the ownership or operation of those devices (specifically
      including but not limited to debt service payments on such video-redemption
      games, reasonably required peripheral equipment, repairs, maintenance, update
      costs and allocable labor costs, royalties and fees payable by Spectre to Bally
      Gaming, Inc., sales, use and property taxes in any way related to the device),
      including a pro
      rata
      share of
      all costs and expenses of that month allocable to that kind of gaming device
      in
      general. For clarity, the parties agree that expenses appropriately classified
      as “sales, general and administrative” under generally accepted accounting
      principles shall not be expenses deducted in determining Spectre Gross
      Profit.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    iii.  In
      addition to the foregoing, for purposes of this Agreement the language
“per
      Game per Day”
means,
      with respect to gaming devices embodying a Game that are operated during a
      particular calendar month, the (A) the amount of Spectre Gross Profit resulting
      from all such devices, if any, divided by (B) the product of (1) the number
      of
      days during the calendar month during which such gaming devices were in
      operation multiplied by (2) the number of such gaming devices.

     

    iv.  Royalty
      Payments with respect to any calendar month will be payable in arrears, within
      15 days of the end of such calendar month. From the total Royalty Payment due
      for each calendar month there shall be subtracted the sum of all License Fee
      payments made by Spectre to G3 prior to the date of the Royalty Payment, which
      payments have not previously been subtracted from prior Royalty Payments made
      under this Agreement; provided,
      however,
      that
      after the first Royalty Payment made hereunder, the sum of all License Fee
      payments made by Spectre to G3 that are subtracted from any subsequent Royalty
      Payment shall not exceed 50% of the actual Royalty Payment made to G3 for the
      prior month. Together with each Royalty Payment made hereunder, Spectre will
      provide written evidence of the manner in which such Royalty Payment was
      calculated, in a format acceptable to G3. Royalty Payments shall be made in
      check or by wire, as reasonably requested by G3.

     

    10.  Intellectual-Property
      Rights.
      G3 shall
      retain ownership of all text, graphics, video, audio, source code, other
      software, all documentation related to such computer programs and files, all
      media upon which any such computer programs, files and documentation are
      located, and all related material used or developed by G3 in connection with
      its
      performance under this Agreement, including all United States and international
      copyrights and other intellectual-property rights therein.

     

    11.  Support
      and Technical Services.
      G3 will
      provide Spectre with technical assistance in the process of porting the Games
      and Deliverables to Spectre’s operating platform of choice, when and as
      reasonably requested by Spectre. In addition, during the course of any
      Acceptance Testing by Spectre, G3 will provide reasonable consulting, reasonable
      technical assistance, reasonable error-correction services, and reasonable
      support, including but not limited to reasonable efforts to design, code and
      implement programming changes to the Games and Deliverables to correct
      reproducible errors therein so that such items conform to the Specifications.
      The various services, technical assistance and support that G3 is obligated
      to
      provide hereunder are collectively referred to as “Services.”
When
      Services are required hereunder, G3 will provide Services through qualified
      personnel. 

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    12.  Additional
      Covenants.
      The
      parties agree to the following covenants:

     

    a.  Utilization
      of G3 Games.
      From
      and after the date of G3’s first delivery of Games hereunder, Spectre agrees to
      utilize Games in no fewer than 75% of its routes in the United States;
provided,
      however,
      that if
      G3 fails to meet the delivery deadlines for Games set forth in Section 1 (or
      as
      may be determined pursuant to Section 5) by more than ten business days, then
      Spectre shall not be obligated to abide by this covenant.

     

    b.  Video
      Lottery Terminals.
      If (i)
      any particular gaming jurisdiction in which Spectre has placed video-redemption
      games in operation subsequently legalizes VLTs, as defined below, and (ii)
      no
      other third party has at that time been granted rights to any of the
      Games/Content licensed hereunder for utilization in VLT gaming devices in that
      jurisdiction, then Spectre shall thereupon have the exclusive right to license
      the Games/Content for such VLT use from G3 for commercial exploitation in that
      jurisdiction. Any such rights received by Spectre pursuant to this paragraph
      will be subject to the parties’ mutual written agreement to a royalty model. If
      the condition set forth in clause (ii) above is not met because G3 shall have
      previously granted rights to the applicable portion of the Games/Content
      licensed hereunder for utilization in VLT gaming devices to another party,
      then
      G3 will substitute like Content in like quantity for Spectre’s use, assuming the
      parties can agree on a royalty rate for such use.

     

    For
      purposes hereof, “VLT” means a video or electromechanical game of skill or
      chance that accepts wagers, sponsored by an agency of a state government and
      controlled by such state’s lottery, and is classified by the applicable state
      agency as a “video lottery terminal.”

     

    13.  Representations
      and Warranties.

     

    a.  Representations
      and Warranties by G3.
      G3
      represents and warrants to Spectre as follows:

     

    i.  G3’s
      work
      product hereunder, including the Games and the Deliverables, will comply with
      the Specifications therefore, to the best of G3’s ability to do so;

     

    ii.  for
      a
      period of 180 days after acceptance, any computer programs related to the Games
      and Deliverables developed by G3 in connection with this Agreement will operate
      in reasonable conformance with the Specifications for such items (though
      Spectre’s sole remedy in the event of a breach of this warranty shall be for G3
      to make reasonable efforts to rectify any non-conformance);

     

    iii.  neither
      this Agreement, the Games, Deliverables, the Services, nor any component of
      the
      foregoing will violate or in any way infringe upon the rights of third parties,
      including property, contractual, employment, trade secrets, proprietary
      information and non-disclosure rights, or any trademark, copyright or
      patent
      rights;

     

    iv.  G3
      has
      the right to grant Spectre the license rights provided hereunder, and during
      the
      term hereof G3 will enforce and maintain in full force and effect all rights
      to
      the Games and Deliverables;

     

    v.  as
      of the
      date hereof, and as of each date on which a Game is delivered to Spectre
      pursuant hereto there is and shall be no claim, litigation or proceeding pending
      or threatened against G3 with respect to the use of any component of the Games
      or their Deliverables, alleging infringement of any third party’s
      intellectual-property rights;

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    vi.  the
      Services will be performed in a professional, workmanlike manner consistent
      with
      the highest industry standards applicable to similar services; and

     

    vii.  this
      Agreement and G3’s execution and delivery hereof have been duly authorized by
      all necessary corporate action and, assuming the valid execution and delivery
      hereof by Spectre, represents the valid and binding agreement of
      G3.

     

    b.  Representations
      and Warranties by Spectre. 
      Spectre
      represents and warrants to G3 that this Agreement and Spectre’s execution and
      delivery hereof have been duly authorized by all necessary corporate action
      and,
      assuming the valid execution and delivery hereof by G3, represents the valid
      and
      binding agreement of Spectre.

     

    14.  Confidential
      Information.

     

    a.  Covenant.
      Each
      party agrees not to use, disclose, sell, license, publish, reproduce or
      otherwise make available the Confidential Information of the other party except
      and only to the extent necessary for its performance under this Agreement and
      as
      otherwise required to be disclosed pursuant to applicable law (specifically
      including any obligations of Spectre to disclose information pursuant to the
      Securities Act of 1933 or the Securities Exchange Act of 1934). Each party
      agrees to secure and protect the other party’s Confidential Information in a
      manner consistent with the maintenance of the other party’s confidential and
      proprietary rights in the information (but at a minimum at a level consistent
      with industry practice) and to take appropriate action by instruction or
      agreement with its employees, consultants or other agents who are permitted
      access to the other party’s Confidential Information to satisfy its obligations
      under this Section. Each party’s obligation contained in this Section will
      survive the expiration or termination of this Agreement. 

     

    b.  Definition.
      “Confidential
      Information”
means
      a
      party’s information, not generally known by non-party personnel, used by the
      party or which is proprietary to the party or the disclosure of which would
      be
      harmful to the party. Confidential Information includes but is not limited
      to
      the following types of information (whether or not reduced to writing or
      designated as confidential): (i) information that is proprietary to a party
      or
      proprietary to others and entrusted to a party, whether or not constituting
      a
      trade secret, (ii) the terms and conditions of this Agreement, the payments
      made
      hereunder and a party’s performance hereunder; (iii) information concerning
      purchasing, accounting, marketing, selling, products and services of a party,
      and the financial performance of a party. As used herein, “Confidential
      Information” shall not include information which is generally publicly known or
      which a party independently obtains from a source that is not under an
      obligation of confidentiality to the other party.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    15.  Mutual
      Indemnification.
      Each
      party will indemnify and hold the other harmless (including payment of
      reasonable attorneys’ fees and costs, and other related costs and expenses),
      including the other party’s corporate affiliates, and any employee, officer,
      director, agent and representative thereof, against all liabilities and
      obligations, whether directly or in connection with third parties, arising
      from
      the indemnifying breach of the terms of this Agreement. The parties’
indemnification obligation hereunder will survive the expiration or termination
      of this Agreement.

     

    16.  No
      Assignment.
      G3 will
      not assign or subcontract the whole or any part of this Agreement without
      Spectre’s prior written consent, which shall not be unreasonably
      withheld.

     

    17.  Dispute
      Resolution.

     

    a.  The
      parties will, to the greatest extent possible, endeavor to resolve any disputes
      relating to the Agreement through amicable negotiations. Failing an amicable
      settlement, any controversy, claim or dispute arising under or relating to
      this
      Agreement, including the existence, validity, interpretation, performance,
      termination or breach of this Agreement, will finally be settled by binding
      arbitration before a single arbitrator (the “Arbitration
      Tribunal”)
      which
      will be jointly appointed by the parties. The Arbitration Tribunal shall
      self-administer the arbitration proceedings utilizing the Commercial Rules
      of
      the American Arbitration Association (“AAA”);
      provided,
      however,
      the AAA
      shall not be involved in administration of the arbitration. The arbitrator
      must
      be a retired judge of a state or federal court of the United States or a
      licensed lawyer with at least ten years of corporate or commercial law
      experience from a law firm with at least ten attorneys and at least an AV rating
      by Martindale Hubbell. If the parties cannot agree on an arbitrator, either
      party may request the AAA to appoint an arbitrator which appointment will be
      final.

     

    b.  The
      arbitration will be held in Las Vegas, Nevada. Each party will have discovery
      rights as provided by the Federal Rules of Civil Procedure within the limits
      imposed by the arbitrator; provided,
      however,
      that
      all such discovery will be commenced and concluded within 60 days of the
      selection of the arbitrator. The parties intend that any arbitration will be
      concluded as quickly as reasonably practicable. Once commenced, the hearing
      on
      the disputed matters will be held four days a week until concluded, with each
      hearing date to begin at 9:00 a.m. and to conclude at 5:00 p.m. The arbitrator
      will use all reasonable efforts to issue the final written report containing
      award or awards within a period of five business days after closure of the
      proceedings. Failure of the arbitrator to meet the time limits of this Section
      will not be a basis for challenging the award. The Arbitration Tribunal will
      not
      have the authority to award punitive damages to either party. Each party will
      bear its own expenses, but the parties will share equally the expenses of the
      Arbitration Tribunal. The Arbitration Tribunal shall award attorneys’ fees and
      other related costs payable by the losing party to the successful party as
      it
      deems equitable. This Agreement will be enforceable, and any arbitration award
      will be final and non-appealable, and judgment thereon may be entered in any
      court of competent jurisdiction. 

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    18.  General
      Provisions.

     

    a.  Status
      as Independent Contractor.
      It is
      understood and agreed that G3 will be acting only in the capacity of an
      independent contractor insofar as this Agreement is concerned, and not as a
      partner, co-venturer, agent, employee, franchisee or representative of Spectre.
      Spectre is interested only in the results obtained under this Agreement; the
      manner and means of G3’s performance hereunder is within G3’s control and
      discretion. G3 will be solely liable for all remuneration, compensation, or
      other payments which may be due to G3 employees, and Spectre will have no
      obligation with respect to any employees of G3. G3 is responsible for all
      expenses incurred in G3’s business operations including but not limited to
      federal, state and local taxes, FICA and FUTA payments, licenses, permits and
      registration charges, expenses of maintenance, travel, lodging, equipment,
      insurance and other expenses incidental to G3’s business. Neither party shall
      have authority to enter into agreements of any kind on behalf of the other
      or
      otherwise to bind or obligate the other to any third party in any manner
      whatsoever.

     

    b.  Applicable
      Law and Forum.
      This
      Agreement will be governed and construed in accordance with the laws of the
      State of Nevada without regard to the conflicts-of-law principles thereof.
      Any
      action or suit related to this Agreement will be brought only in the state
      or
      federal courts sitting in Las Vegas, Nevada.

     

    c.  Notices.
      Any
      written notice required or permitted under this Agreement will be delivered
      by
      hand or by registered or certified mail, postage prepaid and return receipt
      requested, to the President or Chief Financial Officer of the respective party
      at the address in the opening paragraph of this Agreement.

     

    d.  Waiver.
      No
      waiver by a party of any breach by the other of any of the provisions of this
      Agreement will be deemed a waiver of any preceding or succeeding breach of
      the
      same or any other provisions hereof. No such waiver will be effective unless
      in
      writing and then only to the extent expressly set forth in writing.

     

    e.  Entire
      Agreement.
      This
      Agreement, including all future determinations hereunder (e.g., the finalization
      of Specifications under Section 3, and additional Games under Section 5),
      constitutes the entire agreement between the parties.

     

    f.  Modifications.
      No
      modification of this Agreement will be effective unless in writing and signed
      by
      both parties.

     

    g.  Severability.
      If any
      provision of this Agreement is invalid or unenforceable under any statute or
      rule of law, the provision is to that extent to be deemed omitted, and the
      remaining provisions will not be affected in any way.

     

    h.  Counterparts
      and Delivery.
      This
      Agreement may be executed in counterparts, all of which taken together shall
      constitute one agreement binding on all parties. Facsimile and electronically
      transmitted signatures shall be valid and binding to the same extent as the
      delivery of original signatures.

     

    i.  Time
      of the Essence.
      Time is
      of the essence for this Agreement and each and every provision
      hereof.

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    j.  Survival.
      Notwithstanding any other term of this Agreement, the following Sections will
      forever survive the termination of this Agreement: 10, 13, 14, 15, 17 and 18.
      Upon any termination or expiration resulting in Spectre continuing to utilize
      the license granted under Section 6b, the provisions of Section 9b, in addition
      to the foregoing provisions identified in the previous sentence, will survive
      during the pendency of such license.

     

    k.  Press
      Release.
      Neither
      party shall issue (or cause to be issued) any press release regarding this
      Agreement (or any portion of it) without the express written consent of the
      other.

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, and in acknowledgment that the parties hereto have read
      and understood each and every provision hereof, the parties have executed this
      Development and License Agreement to be effective as of the date first set
      forth
      above.

     

    Global
      Gaming Group, Inc.:

    

    By:
       /s/
      Steven W. Meistrich  

    Steven
      W.
      Meistrich

    Print
      Title:
       President   

    

    

    Spectre
      Gaming, Inc.:

    

    By:
       /s/
      D.
      Bradly Olah   

    D.
      Bradly
      Olah,
      President

    

     

    
      Signature
        Page - Development and License Agreement

    
      
         

      

      
        11

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