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CH2M Hill Companies, Ltd.    
    
    Long Term Incentive (LTI) Plan    
  

Effective January 1, 1999 

 
CH2M Hill Companies, Ltd.

Long Term Incentive (LTI) Plan  

ARTICLE I

INTRODUCTION  

        1.1    Establishment.    CH2M HILL Companies, Ltd., an Oregon corporation hereby
establishes the CH2M HILL Companies, Ltd. Long Term Incentive (LTI) Plan to award incentive compensation to eligible Participants. 

        1.2    Purposes.    The purposes of the Plan are to: 

	•
	Reward
a limited group of senior executives, project managers, and technologists for the creation of value in the organization through sustained increases in
CH2M HILL's Available Funds, and through the achievement of agreed-on strategic goals, and

	•
	Provide
financial incentives to Plan Participants to incentivize their contribution to the annual and long-term financial performance of CH2M
HILL, thereby increasing shareholder value. 

ARTICLE II

DEFINITIONS  

        2.1  Affiliate means any corporation or other entity that is affiliated with CH2M HILL through stock or other equity ownership
or otherwise which is designated by either the Committee or the Board as an entity whose eligible employees, directors, officers, and consultants may be selected to participate in the Plan. The
Committee may select an entity to be designated as an Affiliate if LTD owns directly or indirectly at least 50% of the entity. The Board, in its sole discretion, may select an entity to be
designated as an Affiliate if LTD owns directly or indirectly at least 10% of the entity. 

        2.2  Available Funds means those LTD level consolidated funds remaining from gross revenue after all normally accrued
operating expenses are deducted (including LTD expenses and any Profit Center operating costs for units in a startup or investing mode), but prior to accruals for incentive compensation
programs, retained earnings and income taxes. 

        2.3  AF Modifier means the modifier used in calculating the LTI Award payout amount as described in section 4.4(b) of
the Plan. 

        2.4  Award means a grant of Stock Instruments (as defined below) and/or cash under the Plan. 

        2.5  Board means CH2M HILL Board of Directors. 

        2.6  CEO means Chief Executive Officer of CH2M HILL Companies, Ltd. 

        2.7  Change of Control event means the occurrence of any one of the following events: 

        a.    Unapproved Acquisition of 25% Stake.    Any "Person" (as such
term is defined in Section 3(a)(9) and as used in Sections 13(d)(3) and 14(d)(2) of the Securities Exchange Act of 1934) is or becomes a "beneficial owner" (as defined in Rule 13(d)(3)
under the Securities Exchange Act of 1934), directly or indirectly, of securities of CH2M Hill representing twenty-five percent (25%) or more of either (y) the
then-outstanding shares of common stock of CH2M Hill or (z) the combined voting power of CH2M Hill's then-outstanding securities eligible to vote for the election of the
Board (either or both hereafter "Voting Securities"); provided, however, that the event described in this section shall not be deemed to be a Change of Control event by virtue of any of the following
acquisitions: 

	(i)
	by
CH2M Hill, 

1

 

	(ii)
	from
CH2M Hill,

	(iii)
	by
any employee benefit plan sponsored or maintained by CH2M Hill or any of its Subsidiary,

	(iv)
	by
any underwriter temporarily holding securities pursuant to an offering of such securities, or

	(v)
	pursuant
to a Non-COC Transaction (as defined below). 

        b.    Change in the Majority of the Board.    During the course of one CH2M Hill fiscal year, Incumbent Directors
cease for any reason to constitute at least a majority of the Board. For purposes of this Agreement, the term "Incumbent Directors" shall mean: 

	(i)
	individuals
who on January 1, 1999 constitute the Board; and

	(ii)
	any
person who becomes a director subsequent to January 1, 1999, provided his/her election or nomination for election was recommended by the
Nominating Committee of the Board (or its successor in responsibilities) and approved by at least two-thirds (2/3) of the Incumbent Directors who remain on the Board (either
by a specific vote or by approval of CH2M HILL or successor's proxy statement in which such person is named as a nominee for director, without objection to such nomination); provided that

	(iii)
	individuals
initially elected or nominated as directors of CH2M Hill or successor as a result of an actual or threatened election contest with respect
to directors or any other actual or threatened solicitation of proxies or consents by or on behalf of any Person other than the Board shall not be deemed to be Incumbent Directors. 

        c.    Significant Merger or Consolidation.    The consummation of a merger, consolidation, share exchange or similar
form of corporate reorganization of CH2M Hill or any such type of transaction involving CH2M Hill or any of its Subsidiaries that requires the approval of CH2M Hill's stockholders (a
"Business Combination"), unless such Business Combination is a Non-COC Transaction. For
purposes of this Agreement, the term "Non-COC Transaction" shall include any Business Combination in which: 

	(i)
	at
least seventy-five percent (75%) of the total voting power eligible to elect directors of the entity resulting from such Business
Combination is represented by shares that were Voting Securities immediately prior to such Business Combination (either by remaining outstanding or being converted),

	(ii)
	no
Person (as the term is defined in section 2.7(a) above), other than any employee benefit plan sponsored or maintained by CH2M Hill, becomes
the beneficial owner, directly or indirectly, of twenty-five percent (25%) or more of the total voting power of the outstanding voting securities eligible to elect directors of the entity
resulting from such Business Combination,

	(iii)
	at
least a majority of the members of the board of directors of the entity resulting from such Business Combination were Incumbent Directors at the
time of the Board's approval of the execution of the initial agreement providing for such Business Combination. 

        d.    Liquidation.    The stockholders of CH2M Hill approve a plan of liquidation or dissolution of CH2M Hill or the
direct or indirect sale or other disposition of all or substantially all of the assets of CH2M Hill and its subsidiaries. 

        2.8  Committee means the Ownership and Incentive Compensation Committee of the Board empowered to take actions with respect to
the administration of the Plan as described in Article V of this document. 

2

 

        2.9  CH2M HILL means CH2M HILL family of companies, which includes CH2M Hill Companies, Ltd., and, when appropriate,
the Affiliates. 

        2.10 Effective Date means the effective date of the Plan, which is January 1, 1999. 

        2.11 LTD means CH2M Hill Companies, Ltd. 

        2.12 Participant means an employee designated to be eligible to receive an Award under the Plan as provided in
Section 3.1. 

        2.13 Plan or LTI Plan means the CH2M HILL Companies, Ltd. Long Term Incentive (LTI) Plan. 

        2.14 Profit Center means one of the operating units of CH2M HILL, including as of the Effective Date, Industrial Business
Group (IBG), Operations and Maintenance Business Group (OMBG), Infrastructure and Environment (I&E) and the holding company of CH2M HILL family of companies, LTD. 

        2.15 Program means each three-year LTI Plan cycle. 

        2.16 Program Period means a period beginning on January 1st of the Program year and completing
36 months thereafter (ex., January 1, 1999 through December 31, 2001). 

        2.17 Stock Instruments means instruments granted under the Plan, which include subject to the discretion of the Committee: 

	a.
	Stock
for Domestic Engineering Services Employees,

	b.
	SVEUs
for Domestic Ineligible Company Employees,

	c.
	Phantom
Stock or international SVEUs for International Employees; or

	d.
	Other
instruments approved from time to time by the Board to use for incentive and compensation purposes. 

        For
purposes of these definitions: 

	•
	Stock means one share of CH2M HILL common Stock.

	•
	SVEU means one unit held in trust under the CH2M Hill Companies, Ltd. Pre-Tax Deferred
Compensation Plan or under the CH2M Hill Companies, Ltd. International Deferred Compensation Plan.

	•
	Phantom Stock means a hypothetical interest in the value of one share, denominated in United States dollars,
which is granted pursuant to the CH2M Hill Companies, Ltd. Phantom Stock Plan.

	•
	Domestic Engineering Services Employees means those employees (including, without limitation, officers,
directors and designated consultants) who work for CH2M HILL in the United States that provide consulting, engineering, and engineering-related services determined as of the time of the Award payout.

	•
	Domestic Ineligible Company Employees means those employees (including, without limitation, officers,
directors, and designated consultants) who work for CH2M HILL in the United States and do not provide consulting, engineering or engineering-related
services, determined as of the time of Award payout.

	•
	International Employees means those employee (including, without limitation director, officer and designated
consultant) who work for CH2M HILL and are not resident in the United States and whose regular workplace is outside of the United States, determined as of the time of Award payout, except that
International shall exclude an individual who is a United States citizen 

3

 

employed
by an Affiliate organized in the United States, regardless of where he performs services. 

        2.18 Strategic Goal Modifier means one of the modifiers used in calculating the LTI Award payout amount as described in
section 4.4(c) of the Plan. 

        2.19 Target Bonus means the bonus amount established under the Plan for Participants. For a given Participant, the Target
Bonus will be between 20% to 80% of their base salary, as of the beginning of the Program Period. 

ARTICLE III

ELIGIBILITY.  

        3.1    Eligibility for Plan Participation.    The Committee, on recommendation of the CEO in
its sole discretion, shall determine which employees shall be eligible to participate in the Plan for any Program year. 

        3.2    No Entitlement.    Eligibility to participate in the Plan in any one Program Period
does not create any entitlement to participate in any other Program Period. 

ARTICLE IV

LTI AWARDS  

        4.1    Award Grants.    Annually, at the time determined by the Committee in its sole
discretion, Participants will be notified of their LTI Awards for the Program. The Award notification will include 

	a.
	Participant's
Target Bonus for the Program;

	b.
	Targeted
three-year total Available Funds to be achieved during the Program Period;

	c.
	Company-wide
strategic goals to be achieved during the Program Period; and

	d.
	Individual
strategic goals to be achieved during the Program Period. 

The
LTI Award shall not vest until the end of the Program Period. The actual payout value of the Award will be the Target Bonus, adjusted up or down, based on CH2M HILL's performance
during the Program Period with respect to the three-year total Available Funds target, company-wide strategic goals targets, and the individual strategic goals as further
described below. 

        4.2    Targeted Three-Year Total Available Funds.    The Committee, on
recommendation of the CEO, and in its sole discretion, shall establish the three-year total Available Funds target for each LTI Program. That target shall be the Available Funds target for
all Participants in a given Program. 

        4.3    Strategic Goals.    The Committee, on recommendation of the CEO, and in its sole
discretion, shall establish company-wide strategic goals for each LTI Program. These company-wide goals may be identical for all Participants in a given Program. Further, the
CEO, on recommendation of his management team, shall establish individual strategic goals for each Participant for a given Program. These individual strategic goals may vary among Participants, but
more than one Participant may share a given individual goal. 

        4.4    Award Payout Valuation Methodology.    As soon as practicable after the end of each
Program Period, the Committee shall compare against targets, the actual CH2M HILL three-year total Available Funds performance and the actual company-wide and individual
strategic goal performances achieved during the Program Period. All determinations by the Committee related to attainment of Available Funds and strategic goal targets, as well as weighting
determinations for Target Bonus modifiers (as described below) shall be made in the sole discretion of the Committee, and shall be final and binding on all Participants. 

4

 

        a.    Threshold Available Funds Requirement.    Irrespective of CH2M HILL's
performance against any of the strategic goal targets during the Program Period, Participants shall not be entitled to any payout of LTI Awards for a
given Program unless CH2M HILL achieves at least 70% of the total three-year Available Funds target during the Program Period. Assuming this Available Funds threshold requirement is
satisfied, other modifiers are applied to the Target Bonus to determine the actual Award payout amount as further described below. 

        b.    Available Funds (AF) Modifier.    Subject to the threshold requirement in
section 4.4(a) and the maximum payout limitation of section 4.4(e), the Committee shall adjust the Target Bonus amount due to Participants between 35% and 200% (0.35 to 2 times Target
Bonus amount) based on the actual
three-year total Available Funds performance of CH2M HILL during the Program Period against the Program's Available Funds target. 

        c.    Strategic Goal (SG) Modifiers.    The actual Program Period performance against each
strategic goal (company-wide and individual) will stand on its own as a modifier of the Target Bonus amount due to a Participant. On the recommendation of the CEO, the Committee, in its
sole discretion, will assign a weighting to each strategic goal, with the total weighting equal to a 50% modification (ex. 12.5% for each company-wide goal and 25% for the individual
goal). Subject to the threshold requirement of section 4.4(a) and the maximum payout limitation of section 4.4(e), the Committee shall adjust the Target Bonus amount due to each
Participant plus or minus up to 50% based on the sum total of all SG Modifiers. 

        d.    1999 and 2000 Program Exceptions.    Because the Plan is structured to provide no Award
payouts during 1999 and 2000 calendar years, the Target Bonus amounts used in calculating payouts for 1999 and 2000 Programs will be increased by 50% (multiplier by 1.5) prior to any adjustments being
made to Target Bonuses by AF and SG Modifiers. 

        e.    Maximum Award Payout.    Maximum Award payout for each Participant for any LTI Program,
taking into account performance with respect to all target and goal associated modifier adjustments, shall not exceed 200% (2 times) of Target Bonus, excepting the 1999 and 2000 Programs, as
described in section 4.4 (d.). 

        4.5    Payouts of LTI Awards.    The payout of Awards will be made as soon as practicable
after the end of the Program Period when Award payout amounts have been determined. Except as determined otherwise by the Committee in its sole discretion and subject to provisions of
Article VII, a Participant must be employed by CH2M HILL or an Affiliate as of the Award payout date to be eligible for the payout. Unless otherwise determined by the Committee in its sole
discretion, all LTI Awards will be paid 40% in cash and 60% in Stock Instruments based on Participant's eligibility to hold individual Stock Instruments. To the extent an Award payout results in
Participant's exceeding CH2M HILL ownership limitations pursuant to CH2M HILL's Articles of Incorporation and Bylaws, the Award shall be paid out in cash. 

        4.6    Non-Transferability of Awards.    No Award shall be assignable or
transferable. 

        4.7    Restrictions on Transfers of Instruments.    All Stock Instruments transferred to a
Participant in accordance with the Plan will be subject to the terms, conditions, and restrictions on CH2M HILL Stock set forth in CH2M HILL's Articles of Incorporation and Bylaws, as
amended from time to time, including: (i) restrictions that grant CH2M HILL the right to repurchase shares upon termination of the shareholder's affiliation with CH2M HILL;
(ii) restrictions that grant CH2M HILL a right of first refusal if the shareholder wishes to sell shares other than in the Internal Market; and (iii) restrictions that require the
approval of CH2M HILL for any other sale of shares. 

        4.8    Withholding Requirement.    All Awards are subject to withholding of all taxes,
government mandated social benefit contributions, or other payments required to be withheld which are applicable to the Participants. 

5

 

ARTICLE V

PLAN ADMINISTRATION  

        5.1    Committee.    The Plan shall be administered by the Ownership & Incentive
Compensation (O&IC) Committee serving at the pleasure of the Board. The Committee shall at all times consist of at least two Directors and shall include other members (which may be either directors or
non-directors) as the Board may determine. The Board may from time to time remove members from or add members to the Committee, and vacancies on the Committee shall be filled by the Board.
Members of the Committee may resign at any time upon written notice to the Board. 

        5.2    Committee Meetings and Actions.    The Committee shall hold meetings at such times and
places as it may determine. A majority of the members of the Committee shall constitute a quorum, and the acts of the majority of the members present at a meeting or a consent in writing signed by all
members of the Committee shall be the acts of the Committee and shall be final, binding and conclusive upon all persons, including CH2M HILL, its shareholders, and all persons having any interest in
Awards which may be or have been granted pursuant to the Plan. The Chairman of the Committee, in his or her sole discretion, may delegate any or all of the responsibilities of the Committee to one or
more Committee members, whose actions shall be deemed to be the acts of all of the members. 

        5.3    Powers of Committee.    The Committee shall, in its sole discretion and on
recommendation of the CEO, determine the time at which LTI Awards are to be made and paid-out, actual performance against targets for purposes of Award payout calculations, specific
weighing of individual components of Award payout calculations, and establish such other terms under the Plan as the Committee may deem necessary or desirable and consistent with the terms of the
Plan. The Committee shall have the full and exclusive right to grant and determine terms and conditions of all Awards granted under the Plan. The Committee shall determine the form or forms of
agreements with Participants that shall evidence the particular provisions, terms, and conditions which need not be identical except as may be provided in the Plan. The Committee may from time to time
adopt such rules and regulations for carrying out the purposes of the Plan as it may deem proper and in the best interests of CH2M HILL. 

        5.4    Interpretation of Plan.    The determination of the Committee as to any disputed
question arising under the Plan, including questions of construction and interpretation, shall be final, binding and conclusive upon all persons, including CH2M HILL, its shareholders, and all persons
having any interest in Stock Instruments which may be or have been granted pursuant to the Plan. 

        5.5    Limitation of Liability and Indemnification.    

	a.
	No
member of the Committee shall be liable for any action or determination made in good faith.

	b.
	Each
person who is or shall have been a member of the Committee or of the Board shall be indemnified and held harmless by CH2M HILL Companies, Ltd. against and from any loss,
cost, liability or expense that may be imposed upon or reasonably incurred in connection with or resulting from any claim, action, suit or proceeding to which such person may be a party or in which
such person may be involved by reason of any action taken or failure to act under the Plan and against and from any and all amounts paid in settlement thereof, with CH2M HILL's
approval, or paid in satisfaction of a judgment in any such action, suit or proceeding against him, provided such person shall give CH2M HILL an opportunity, at its own expense, to handle and defend
the same before undertaking to handle and defend it on such person's own behalf. 

6

 

ARTICLE VI

CHANGE IN CONTROL  

        Notwithstanding any vesting requirements contained in this Plan or notice of Award grant, all outstanding LTI Awards shall become immediately payable in full and
in cash upon the occurrence of a Change in Control event. 

ARTICLE VII

Termination of Affiliation  

        7.1    Retirement.    Unless Committee determines otherwise in its sole discretion, if a
Participant retires while holding not yet vested LTI Plan Awards, the Participant shall be entitled to the prorata share of all outstanding Awards. The payout(s) will be made at the time each
outstanding Award payout is due for each Program. It will be made 100% in cash and will be calculated prorata for the time that the
Participant actually participated in each Program, based on the actual CH2M HILL three-year total Available Funds and company-wide strategic goal performances as of the end of
each relevant Program Period. A retiring participant's individual performance goal shall generally be deemed at target. The Committee in its sole discretion may accelerate the retired Participant's
Award payout, which, unless otherwise determined by the Committee, shall be paid out at target. 

        7.2    Death.    If a Participant dies while affiliated with CH2M HILL, payouts of all his/her
outstanding LTI Awards will be made to the personal representative of the Participant's estate or the designated beneficiary or other person or persons who shall have acquired entitlement to earned
benefits under the Plan by bequest or inheritance (hereafter, "Beneficiary") within one year after the date of death (specific timing of the payout to be made in consultation with the Beneficiary).
Such payout will be made 100% in cash and will be calculated prorata for the time that the Participant actually participated in each Program, based on hypothetical Available Funds and strategic goal
performance levels for the not yet completed Program Periods, derived by assuming that Available Funds, company-wide and individual strategic goals performance through the end of each
Program Period for each outstanding LTI Award, would be proportionate to the performance as of the time of death, including consideration of projected performance in out-years where
appropriate. The Committee's determination with respect to payout amounts based on the above criteria shall be final and binding on the Beneficiary. 

        7.3    Disability.    Upon termination of a Participant's affiliation with CH2M HILL by reason
of the Participant's disability (within the meaning of Section 22(e)(3) of the Code), the Participant may request the payout of prorata share of all outstanding LTI Awards at any time within
one year after the date of termination of affiliation. Such payout will be made 100% in cash and will be calculated prorata for the time that the Participant actually participated in each Program,
based on hypothetical Available Funds and strategic goal performance levels for the not yet completed Program Periods, derived by assuming that Available Funds, company-wide and individual
strategic goals performance through the end of each Program Period for each outstanding LTI Award, would be proportionate to the performance as of the time of termination, including consideration of
projected performance in out-years where appropriate. The Committee's determination with respect to payout amounts based on the above criteria shall be final and binding on the
Beneficiary. 

        7.4    Other Termination.    Upon any voluntary or involuntary termination of the
Participant's affiliation with CH2M HILL (except as otherwise provided in Article 6 or in sections 7.1, 7.2 and 7.3 above), all rights a Participant have under any outstanding and not yet paid
LTI Awards shall terminate. Voluntary termination for a purpose approved by the Committee, such as public service, may be deemed a retirement event as defined in Section 7.1 

7

 

        7.5    Definition of Termination of Affiliation.    For purposes of this Plan, a Participant's
affiliation with CH2M HILL shall be deemed to be terminated as of the first day on which the Participant is no longer an employee, director of or a consultant to CH2M HILL. 

ARTICLE VIII

REQUIREMENTS OF LAW  

        8.1    Requirements of Law.    All Awards pursuant to the Plan shall be subject to all
applicable laws, rules and regulations. 

        8.2    Governing Law.    The Plan and all agreements under the Plan shall be construed in
accordance with and governed by the laws of the State of Colorado, United States of America. 

        8.3    Governing Currency.    The Plan and all agreements under the Plan shall be denominated
in the currency of the United States of America. 

ARTICLE IX

AMENDMENT, MODIFICATION AND TERMINATION  

        The Board may amend or modify any provision of the Plan at any time. The Board may suspend the granting of Awards under the Plan or terminate the Plan at any
time. 

        The
Board may determine that any Awards granted under the Plan shall be subject to additional and/or modified terms and conditions, and the terms of the Award shall be adjusted
accordingly, as may be necessary to comply with or take account of any securities, exchange control, or taxation laws, regulations or practice of any territory which may have application to the
relevant Participant. 

ARTICLE X

MISCELLANEOUS  

        10.1    Gender and Number.    Except when otherwise indicated by the context, the masculine
gender shall also include the feminine gender, and the definition of any term herein in the singular shall also include the plural. 

        10.2    No Right to Continued Employment.    Nothing contained in the Plan or in any Award
granted under the Plan shall confer upon any Participant any right with respect to the continuation of the Participant's employment by, or consulting relationship with, CH2M HILL and/or Affiliates, or
interfere in any way with the right of CH2M HILL or Affiliates, subject to the terms of any separate employment agreement or other contract to the contrary, at any time to terminate such services or
to increase or decrease the compensation of the Participant from the rate in existence at the time of the grant of an award. Any Participant who leaves the employment of CH2M HILL shall not be
entitled to any compensation for any loss of any right or any benefit or prospective right or benefit under this Plan which the Participant might otherwise have enjoyed whether such compensation is
claimed by way of damages for wrongful dismissal or other breach of contract or by way of compensation for loss of office or otherwise. 

8

 

        CH2M
HILL hereby agrees to the provisions of the Plan and in witness of its agreement, by its duly authorized officer has executed the Plan on the date written below. 

	 	 	CH2M HILL COMPANIES, LTD.

Plan Sponsor
	

 	
 	

By:	
 	

 
	 	 	 	 	

	

 	
 	

Title:	
 	

 
	 	 	 	 	

	

 	
 	

Date:	
 	

 
	 	 	 	 	

9

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Exhibit 10.25    
  

"CONFIDENTIAL TREATMENT REQUESTED. CONFIDENTIAL PORTIONS OF THIS DOCUMENT HAVE BEEN REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION."  

 
 

LICENSE AGREEMENT    
  

        THIS LICENSE AGREEMENT ("Agreement") is made on March 20, 2001 ("Effective Date"), by and between  PDS
FINANCIAL CORPORATION, a Minnesota corporation and its affiliates and subsidiaries dba PDS GAMING,
and their successors and assigns ("PDS") whose address is 6171 McLeod Drive, Las Vegas, NV 89120-4048, and ACTION GAMING, INC., a
Nevada corporation ("Action Gaming"), whose address is 2116 Redbird Drive, Las Vegas, NV 89134. 

 
 

RECITALS    
  

        WHEREAS, PDS, among other things, is engaged in the business of manufacturing, distributing, selling, leasing and
financing gaming equipment, gaming devices, and associated gaming equipment; 

        WHEREAS, Action Gaming is engaged in the development, origination, and conceptualization of gaming ideas, games, methods and concepts; 

        WHEREAS, Action Gaming desires to license certain intellectual property to PDS, and PDS desires to license from Action Gaming, certain
intellectual property for use with PDS's gaming systems and platforms under the terms and conditions set forth herein. 

        NOW, THEREFORE, IN CONSIDERATION of the mutual covenants and conditions set forth herein and other good and valuable consideration, the
sufficiency and adequacy of which is hereby acknowledged by the parties, it is agreed as follows: 

        1.    Recitals Incorporation.    The recitals set forth above are hereby incorporated into this Agreement as material
parts thereof and not simply as mere recitals. 

        2.    Definitions.    As used in this Agreement, the following definitions apply: 

        a. "DCS" shall mean PDS's patented Digital Card System®, which is a gaming
platform that directs to apparatuses certain methods for playing live participant table card games using automated electronic table card game systems with electronic card displays for multiple
participants. 

        b. "PDS Patents" apply specifically and solely within this Agreement to United States
patent applications #09/041,373, #09/159,813, #09/301,267, and #09/215,391, including any patents granted based on these applications. 

        c. "Action Gaming Patents" apply specifically and solely within this Agreement to the 21
Stud United States Patent #5732950 and the Double Pay Blackjack United States Patent #5954335. 

        d. "DCS Licensed Game" shall mean a DCS table game utilizing a Licensed Casino Game as
defined herein. 

        e. "Licensed Casino Games" shall mean only those casino games owned and patented by Action
Gaming as set out in "2(c)" and more particularly identified as "21 Stud" and "Double Play Blackjack",
and any revisions and enhancements to the such games made by Action Gaming during the term of this Agreement. 

Page 1 

 

        f. "Licensed Documentation" shall mean all documentation, for the Licensed Casino Games,
and all basic descriptive, training and instruction material pertinent to the Licensed Casino Games such as flow charts, instruction manuals, logic diagrams, calculations, updates, revisions and
enhancements to the documentation made by or for Action Gaming during the term of this Agreement. 

        g. "End User" shall mean the owner or operator of a casino who enters into an agreement to
use the Licensed Games. 

        3.    Grant of Territory; Exclusive License for Licensed Games in Territory.    Within the Territory, Action Gaming
hereby grants to PDS the sole and exclusive license (with right of sublicense to End Users or other distributors only for use in a casino or gaming establishments) to manufacture, market, sell,
promote and/or distribute to End Users (subject to applicable gaming laws) the Licensed Casino Games on DCS. The "Territory" shall be World Wide. PDS hereby accepts the above grant of exclusive
license for the Territory. These rights apply only to DCS applications, and Action Gaming retains rights to its games for Internet gaming applications, as well as application to video slot machine
development, though in the latter instance, PDS shall have first right of refusal to enter into negotiations to develop such machine. 

        4.    Existing Agreements.    PDS acknowledges that it has a license for U.S. rights only for the Digital Card
System® from DigiDeal Corporation ("DigiDeal"), and that this licensing agreement with Action Gaming may be legally entered into under the current arrangement between DigiDeal and PDS.
Action Gaming's only contractual relationship is with PDS and not DigiDeal, or any other third party in the use of the rights granted to PDS by the patents within this Agreement. 

        5.    Right of First Refusal.    Action Gaming shall have the right of first refusal to buy PDS's right, title and
interest in and to DCS and acquire the operating position thereof, if such a sale is ever contemplated by PDS. Action Gaming, as part of this transaction, may immediately assign such a purchase to a
third party, which has the appropriate regulatory licensing to complete such a transaction. This "right of first refusal' does not apply in the event of the acquisition of control of PDS by a third
party, or a merger/acquisition in which PDS may not be the surviving entity. 

        6.    Term.    The Term of this Agreement shall be Ten (10) years from the Effective Date. Unless one party
gives written notice to the other that this Agreement shall be allowed to expire and the relationship thereby terminated at least sixty (60) days prior to the expiration of the present or any
renewal term of this Agreement, this Agreement shall renew automatically and indefinitely for terms of one (1) year each. This Agreement may also be terminated by the Action Gaming, if PDS has
sold/leased or placed in casinos less than a total of 15 games of either Licensed Casino Game within a 12 month period from the formal licensing for sale of any Licensed Casino Game by any
gaming regulatory agency, whichever occurs later. This Agreement may also be terminated by Action Gaming if 30 Licensed Casino Games cumulative are not revenue producing after the second anniversary
of the Effective Date of the Agreement. 

Page 2 

 
"CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION."  

        7.    Certain Obligations of the Parties.    

        a. PDS shall: (i) develop, engineer and build prototypes of the DCS Licensed Games; (ii) submit the prototype of the DCS
Licensed Games to Action Gaming for its review and approval; (iii) submit the DCS Licensed Games as approved by Action Gaming to appropriate regulatory authorities and agencies for approval to
lease and/or operate; (iv) modify and/or re-engineer the hardware and/or software of the DCS Licensed Games as required by regulatory authorities and/or independent testing
laboratories; and (v) market and advertise the DCS Licensed Games. The costs incurred by PDS in performing these obligations are referred to herein as the "Development Costs". After approval of
the DCS Licensed Games by appropriate regulatory authorities and agencies, PDS shall use its best efforts to profitably exploit the DCS Licensed Games where it is legally permissible to do so. 

        b. Action Gaming shall contribute up to $2,500 per game designed and developed by PDS as reimbursement to PDS for Development Costs. 

        8.    Royalties and Taxes.    

        a. PDS shall pay to Action Gaming, the amount of: 

        i.      The amount of *** per month per DCS Licensed Game placed within a casino or gaming establishment, where the monthly lease
rate is *** or less. 

        ii.    The amount of *** per month per DCS Licensed Game placed within a casino or gaming establishment, where the monthly lease
rate is *** to ***. 

        iii.      The amount of *** per month per DCS Licensed Game placed within a casino or gaming establishment, plus ***
of the lease rate above ***. 

        b. The above Royalties are per month per DCS Licensed Game. 

        c. Royalties due Action Gaming shall be paid from the revenues received by PDS from the End Users for the DCS Licensed Games and are due
and owing in arrears to Action Gaming thirty (30) days after the end of each calendar quarter. 

        d. Royalties shall be due and payable to Action Gaming from PDS as long as DCS Licensed Games are in use by End Users regardless of
whether this Agreement has expired or been terminated/cancelled. 

        e. Action Gaming's royalty shall be net of all gaming taxes, or other governmental fees applied to DCS Licensed Games. 

        9.    General Representations and Warranties of Action Gaming.    Action Gaming hereby represents and warrants to PDS
that: 

        a. It is an entity duly organized, validly existing and in good standing under the laws of the state of its formation; 

        b. It has the corporate power and authority to execute, deliver and perform this Agreement and other instruments and documents required or
contemplated herein; 

        c. The execution, delivery and performance of this Agreement has been duly authorized by all necessary action on the part of the
corporation, does not and will not require the approval of the shareholders of the corporation and do not and will not contravene the Certificate of Incorporation or 

Page 3 

 

by-laws of the corporation, and does not constitute a default of any indenture, contract, agreement, mortgage, deed of trust, document or instrument to which Action Gaming is a party or
by which Action Gaming is bound; 

        d. The person executing this Agreement on behalf of Action Gaming has been properly authorized to execute the same; 

        e. That Action Gaming shall deliver a listing of all current legal actions against the Company, and a summary of the issues thereof, and
further warrants there are no suits, actions, proceedings or investigations pending or threatened or any basis therefore which might materially or adversely affect the condition, business or prospects
of it or affect the ability of it to perform its obligations under this Agreement or have a material adverse effect upon the financial condition of it or the validity or enforceability of this
Agreement; 

        f. This Agreement constitutes a valid and legally binding agreement and is enforceable in accordance with its terms, except to the extent
that enforcement of any remedies may be limited by applicable bankruptcy, insolvency, general principles of equity or other similar laws affecting generally the enforcement of creditor's remedies; 

        g. It is the owner of the Action Gaming Patents and has power and authority to grant the licenses as contemplated herein; 

        h. That the Patents it is offering within this Agreement, as to a table games application, to the best of Action Gaming's knowledge do not
infringe on any other Patents, not owned or controlled by Action Gaming. 

        10.    General Representations and Warranties of PDS.    PDS hereby represents and warrants to Action Gaming that:

        a. PDS is a corporation duly organized, validly existing and in good standing under the laws of the state of its formation; 

        b. PDS has the corporate power and authority to execute, deliver and perform this Agreement and other instruments and documents required
or contemplated herein; 

        c. The execution, delivery and performance of the Agreement has been duly authorized by all necessary action on the part of PDS, do not
and will not require the approval of the shareholders of PDS and do not and will not contravene the Certificate of Incorporation or by-laws of PDS, and does not constitute a default of any
indenture, contract, agreement, mortgage, deed of trust, document or instrument to which PDS is a party or by which PDS is bound; 

        d. The person(s) executing this Agreement on behalf of PDS has or have been properly authorized to execute the same; 

        e. That PDS shall deliver a listing of all current legal actions against the Company, and a summary of the issues thereof, and further
warrants there are no suits, actions, proceedings or investigations pending or threatened or any basis therefore which might materially or adversely affect the condition, business or prospects of it
or affect the ability of it to perform its obligations under this Agreement or have a material adverse effect upon the financial condition of it or the validity or enforceability of this Agreement; 

        f. This Agreement constitutes a valid and legally binding agreement and is enforceable in accordance with its terms, except to the extent
that enforcement of any remedies may be limited by applicable bankruptcy, insolvency, general principles of equity or other similar laws affecting generally the enforcement of creditor's remedies; 

Page 4 

 

        g. By contract, it is the owner of the PDS Patents and has power and authority to distribute DCS Licensed Games as contemplated herein. 

        11.    Breach and Default, Right to Cure.    A party shall be deemed in breach of this Agreement only upon the failure
to perform any obligation under this Agreement after receipt of written notice of breach and failure to cure such breach within thirty (30) days thereafter. 

        12.    Default Remedies.    Upon default, and with thirty (30) days written notice and failure to cure, the
non-defaulting party may proceed immediately to (i) exercise each and all of the powers, rights, and privileges reserved or granted to such party under this Agreement;
(ii) seek equitable relief in a court of competent jurisdiction to enjoin a breach of this Agreement where said breach or threatened breach would cause irreparable harm the
non-defaulting party, (iii) exercise any other remedies available to a party under the Uniform Commercial Code, if applicable; and/or (iv) exercise any other rights or
remedies provided or available to the non-defaulting party at law or in equity. In the event of a default by either party, the non-defaulting party may, at its option, declare
this Agreement terminated without further liability or obligation to the defaulting party. 

        13.    Property Rights.    The Licensed Games and Licensed Documentation and all property and intellectual property
rights therein remain the sole property of Action Gaming. The DCS Licensed Games and all property rights therein shall at all times be and remain the sole property of PDS. 

        14.    Cooperation, Additional Agreements.    PDS and Action Gaming agree to cooperate fully and in good faith in
accomplishing the transactions contemplated by this Agreement. The parties agree to execute any additional instruments or agreements necessary to effect the intent of this Agreement. 

        15.    Audit Rights.    Throughout the Term of this Agreement, Action Gaming shall have the right to request an audit
of the books and records of the other to the extent that such books and records, End User contracts are applicable to the revenue flow that is created by this Agreement and to the requesting party's
rights and/or obligations under this Agreement. Upon ten (10) days written notice, the audited party shall provide the requesting party such information and back up documentation as the
requesting party may request concerning the rights and obligations of the parties herein. 

        16.    Limitation of Liability.    In no event will either party be liable to the other party for any incidental,
consequential, indirect, special or punitive damages, including without limitation loss of revenue or loss of business. 

        17.    Confidentiality (Intellectual Property).    

        a. The parties agree that during the Term of this Agreement and continuing perpetually thereafter, neither party shall disclose to any
third party or use for any purpose other than those specific purposes set forth in this Agreement, without the prior written consent of the other party any Confidential Information (as defined below)
except as provided for herein. For the purposes of this Agreement, "Confidential Information" means all proprietary concepts, designs, customer data bases, documents, information, processes,
procedures, data, results, conclusions, know-how and the like (including knowledge of the terms of and actions taken pursuant to this Agreement) which was developed prior to or during the
term of this Agreement and which is disclosed, in writing, or in other tangible from which is designated as "Confidential Information" to one party by the other in connection with this Agreement. The
parties shall have no obligation with respect to any portion of such Confidential Information which [i] is or later becomes generally available to the public by use,
publication or the like, through no fault of the party receiving the Confidential Information; or [ii]is obtained from a third party who had the legal right to disclose the
same to the party; or [iii] is already possessed by the party as evidenced by the party's written records, predating receipt thereof from the other party; or
[iv] is independently developed by the receiving party without reference to the disclosed information; or [v] is required to be disclosed by law or by
any regulatory agency. Such disclosure should be dependent on 

Page 5 

 

that third party's execution of a non-disclosure agreement at least as restrictive as the terms contained in this Agreement. 

        b. Each party agrees to use all reasonable efforts to ensure that information described in this Section is held in strict confidence. Such
steps shall include, but are not limited to, explicitly labeling as "Confidential" all information relating to technology which is considered proprietary and confidential, and requiring all employees
and subcontractors who are exposed to such information in connection with this Agreement, to execute an agreement obligating each employee and subcontractor to maintain such information as
confidential. 

        18.    Confidentiality (Other Information).    

        a. Each Party shall not disclose information relating to the operations of the other Party, its affiliates or subsidiaries, to persons
other than the management of the Party or to those governmental or regulatory authorities having competent jurisdiction over either Party or it's business, unless the other Party shall have given
prior written consent for the release of such information. Either Party may require the other Party to execute a nondisclosure agreement in connection with this Agreement and the other Party, if so
requested agrees to execute the same. 

        b. PDS and its employees shall keep all statistical, financial, confidential, and/or personal data requested, received, stored or viewed
by PDS in connection with this Agreement in the strictest confidence. PDS agrees not to divulge to third parties, without the written consent of Action Gaming, any such information unless:
[i] the information is known to PDS prior to obtaining the same; [ii] the information is, at the time of disclosure by PDS, then in the public domain;
[iii] the information is obtained by PDS from a third party who did not receive same, directly or indirectly from Action Gaming and who has no obligation of secrecy with
respect thereto; or [iv] the information is requested by and divulged to a governmental or regulatory authority having competent jurisdiction over PDS or it's business. PDS
further agrees that it will not, without the prior written consent of Action Gaming, disclose to any third party any information developed or obtained by PDS in the performance of this Agreement
except to the extent that such information falls within one of the categories described above. 

        c. Action Gaming and its employees shall keep all statistical, financial, confidential, and/or personal data requested, received, stored
or viewed by Action Gaming in connection with this Agreement in the strictest confidence. Action Gaming agrees not to divulge to third parties, without the written consent of PDS, any such information
unless: [i] the information is known to Action Gaming prior to obtaining the same; [ii] the information is, at the time of disclosure by Action Gaming,
then in the public domain; [iii] the information is obtained by Action Gaming from a third party who did not receive same, directly or indirectly from PDS and who has no
obligation of secrecy with respect thereto; or [iv] the information is requested by and divulged to a governmental or regulatory authority having competent jurisdiction over
Action Gaming or it's business. Action Gaming further agrees that it will not, without the prior written consent of PDS, disclose to any third party any information developed or obtained by Action
Gaming in the performance of this Agreement except to the extent that such information falls within one of the categories described above. 

        19.    Public Relations/Use of Name.    Each party shall have the right to publicize the existence of this Agreement
and use the name of the other party with prior written consent of the other party for the furtherance of the interests of this Agreement. Each party agrees to furnish the other party with the exact
text to be used in publicity regarding this Agreement and for approval, which shall not be unreasonably withheld, prior to use. Each party agrees to promptly complete a review of the proposed
publicity and deliver a response thereto. 

Page 6 

 

        20.    Miscellaneous Provisions    

        a.    Advice of Counsel.    The parties each acknowledge that (a) it has not made any representation as to the
Federal or State tax implications relating to the transactions contemplated herein, (b) it has thoroughly read and reviewed the terms and provisions of this Agreement and the Exhibits attached
hereto, if any, and is familiar with the terms of this Agreement, (c) the terms and provisions contained in this Agreement are clearly understood by it and have been fully and unconditionally
consented to by it, (d) it has had full benefit and advice of counsel of its own selection, in regard to understanding the terms, meaning and effect of this Agreement, (e) the execution
of this Agreement and related documents is done freely, voluntarily, with full knowledge, and without duress, (f) in executing this Agreement, it is relying on no other representations, either
written or oral, express or implied, made to it by any other party to this Agreement, and the consideration received by it under this Agreement has been actual and adequate. 

        b.    Amendments or Modifications.    This Agreement shall not be modified or amended except by an instrument in
writing signed by or on behalf of the parties hereto. 

        c.    Assignment.    Neither party may assign license or sublicense or otherwise transfer this Agreement or any or all
of the obligations therein, in whole or in part, without the prior written consent of the other. Any such assignment license or sublicense or transfer made without the prior written consent of the
other party shall render this entire Agreement null and void. 

        d.    Attachments, Exhibits or Schedules.    All attachments, exhibits or schedules to this Agreement, if any, are
fully incorporated herein as though set forth at length. 

        e.    Attorneys' Fees.    Except as may otherwise be provided for in this Agreement, should either party hereto employ
an attorney for the purpose of enforcement or construing this Agreement, or any judgment based upon this Agreement, in any legal proceeding whatsoever, including insolvency, bankruptcy, arbitration,
declaratory relief or other litigation, the prevailing party shall be entitled to receive from the other party or parties thereto reimbursement for all attorneys' fees and all reasonable costs,
including but not limited to service of process, filing fees, court and court reporter costs, investigative costs, expert witness fees and the costs of any bonds, whether taxable or not, and that such
reimbursement shall be included in any judgment or final order issued in such proceeding.. 

        f.    Binding Effect.    This Agreement shall be binding upon and inure to the benefit of the parties and their
respective, permitted successors, heirs, executors, administrators, assigns, and all persons claiming by, through or under them. 

        g.    Captions, Headings and Titles.    The captions, headings and titles of the various sections of this Agreement
are for convenience only and are not to be construed as confining or limiting in any way the scope or intent of the parties or the provisions hereof. Whenever the context requires or permits, the
singular shall include the plural, the plural shall include the singular and the masculine, feminine and neuter shall be freely interchangeable. 

        h.    Compliance with All Laws.    Each party undertakes to the other not to violate any law or regulation including,
without limitation, any gaming law or regulation or to engage in any act or omission which tends to bring discredit upon the gaming industry or otherwise jeopardizes the other party's ability to
engage in business with businesses licensed by any applicable regulatory authorities This Agreement may be modified to exclude a specific gaming jurisdiction, if such regulatory agency, specifically
finds non-compliance of its laws, or renders a negative judicial ruling specifically applying to the Casino Games Licensed within this Agreement. 

        i.    Conduct.    Action acknowledges that PDS, its subsidiaries and affiliates, are active in the finance and gaming
industry and that PDS and its subsidiaries and affiliates are subject to regulation 

Page 7 

 

and licensing and desire to maintain their reputation and receive positive publicity. Action Gaming therefore agrees that throughout the term of this Agreement, Action Gaming "s directors, officers
and managers will use their best efforts to conduct themselves in a manner which is not contrary to the best interests of, nor in any manner that adversely affects or is detrimental to, PDS, its
subsidiaries or affiliates, and will not directly or indirectly make any oral, written or recorded private or public statement or comment that is disparaging, critical, defamatory or otherwise not in
the best interests of PDS or its subsidiaries or affiliates. The same conduct shall apply to PDS, as it relates to its relationship with Action Gaming. 

        j.    Counterparts.    This Agreement may be executed in as many counterparts as may be deemed necessary and
convenient, and by the different parties hereto on separate counterparts, each of which, when so executed, shall be deemed to be an original, but all such counterparts together shall constitute but
one and the same document. 

        k.    Effective Only Upon Execution by Authorized Officers.    

        i.      This Agreement shall have no force or effect and shall be unenforceable until a duly authorized officer of each party
executes it and such executed Agreement is delivered to the other party. 

        ii.    No representations made by any First Party's salespersons or anyone else shall be binding unless incorporated herein in
writing. This Agreement, although it may be signed or acknowledged by a salesperson of First Party, shall not be binding upon First Party for any purpose until an authorized officer of First Party
executes the same. 

        l.    Entire Agreement.    This Agreement constitutes the entire agreement between the parties with respect to the
subject matter hereof and supersedes all prior agreements, promises, negotiations, representations or understandings, whether written or oral, between the parties hereto relating to the subject matter
of this Agreement. Any prior agreements, promises, negotiations, representations or understandings, either oral or written, not expressly set forth in this Agreement shall no force or effect. 

        m.    Force Majeure.    Neither party shall be deemed to be in violation of this Agreement if it is prevented from
performing any of its obligation hereunder for any reason beyond its control, including, without limitation, strikes, acts of God, civil or military authority, act of public enemy, or accidents,
fires, explosions, earthquakes, floods, winds, or other serious cause beyond the reasonable control of either party. In such event the intervening cause must not be through the fault of the party
asserting such an excuse. The party asserting the excuse must promptly notify the other party of the existence of an intervening cause, and the excused party is obligated to promptly perform in
accordance with the terms of this Agreement after the intervening cause ceases. 

        n.    Non-foreign Person(s).    Neither party is a "foreign person" as that term is defined in
Section 1445(f) of the Internal Revenue Code and the applicable provisions of the applicable state, if any, and the regulations issued thereunder, as amended, or any successor thereto. 

        o.    Further Assurances.    The parties further covenant and agree to do, execute and deliver, or cause to be done,
executed and delivered, and covenant and agree to use their best efforts to cause their successors and assigns to do, execute and deliver, or cause to be done, executed and delivered, all such further
acts, transfers and assurances, for implementing the intention of the parties under this Agreement, as the parties reasonably shall request. The parties agree to execute any additional instruments or
agreements necessary to effect the intent of this Agreement. 

        p.    Governing Law.    The substantive and procedural laws of the State of Nevada shall govern the validity,
construction, interpretation, performance and enforcement of this Agreement and the parties agree to jurisdiction in Nevada without reference to its conflict of laws provisions. The parties also 

Page 8 

 

hereby agree that any action and/or proceeding in connection with this Agreement shall only be brought in the venue of Clark County, Nevada. 

        q.    Governmental Regulations.    Notwithstanding anything in this Agreement to the contrary, in the event any
federal, state, local or other governmental body's statutes, laws, rules, or regulations are enacted/promulgated, the impact of which will materially impact the methods and/or costs of either party
under this Agreement, then, in that event, either party, upon written notice to the other party, may request a renegotiation of this Agreement. Any modifications to this Agreement resulting from such
renegotiation shall become effective on the latest date as permitted by the governmental body. In the event the parties are unable to reach a satisfactory agreement during said renegotiations, the
party
effected by the enactment of such legislation shall have the right to cancel this Agreement at any time by not less than sixty (60) days prior written notice to the other party, whereupon this
Agreement shall be null and void. 

        r.    Independence of Parties.    All persons hired or employed by each party in the discharge of this Agreement shall
be considered employees of that party and not of any other party to this Agreement and shall be solely and exclusively under the hiring or employing party's direction and control. Neither party nor
any of its employees [i] shall be held or deemed in any way to be an agent, employee or official of the other party, or [ii] shall have the authority to
bind the other party in any manner whatsoever. Each party further agrees to have all persons employed by it properly covered by worker's compensation or employer's liability insurance, as required by
law and to assume and pay at its own cost all taxes and contributions required by an employer under any and all unemployment insurance, old age pensions, and other applicable so-called
Social Security Acts. 

        s.    License and Permits.    Each party shall obtain and maintain on an active and current basis, all licenses,
permits, registrations, approvals and other authority as may be required from any applicable federal, state, tribal and local governments and agencies having jurisdiction over the subject matter of
this Agreement. 

        t.    No Joint Venture, Partnership or Agency Relationship.    This Agreement shall not create any joint venture or
partnership between the parties. Nothing contained in this Agreement shall confer upon either party any proprietary interest in, or subject a party to any liability for or in respect of the business,
assets, profits, losses or obligations of the other. Nothing herein contained shall be read or construed so as to make the parties a partnership, nor shall anything contained herein be read or
construed in any way to restrict the freedom of either party to conduct any business or activity whatsoever without any accountability to the other party. Neither party shall be considered to be an
agent or representative of the other party or have any authority or power to act for or undertake any obligation on behalf of the other party except as expressly authorized by the other party in
writing. Any such unauthorized representation or action shall be considered a breach of this Agreement. 

        u.    Non-Party Beneficiaries.    Nothing herein, whether express or implied shall be construed to give
any person other than the parties, and their successors and permitted assigns, any legal or equitable right, remedy of claim under or in respect of this Agreement; but this Agreement shall be held to
be for the sole and exclusive benefit of the parties, and their successors and assigns. 

        v.    Notices.    Except as otherwise required by law, all notices required herein shall be in writing and sent by
prepaid certified mail or by courier, addressed to the party at the address of the party specified herein or such other address designated in writing. Notices are deemed to have been received when
actually received. 

        w.    Privileged Licenses.    

        i.      Action Gaming considers itself a Games Inventor and is not required to be licensed by any regulatory gaming agency to this
date. If in the future, any regulatory gaming agency requests 

Page 9 

 

Action Gaming to be licensed within any said gaming jurisdiction, Action Gaming shall make a determination within 30 days of receiving such a request. If it chooses not to be licensed, then
this Agreement, where applicable, shall be renegotiated to that specific jurisdiction in question. [Action Gaming makes the declaration that its primary shareholder has been licensed in
gaming jurisdictions historically, but wishes to avoid the associated costs with gaming licensure, and the subsequent possibility of domino-effect registration in other gaming
jurisdictions.] PDS shall make no attempt to act on behalf of Action Gaming, and file any notice with any gaming regulatory agency for any reason whatsoever, without the expressed and
written permission of Action Gaming. 

        ii.    Action Gaming further acknowledges its understanding that it is illegal for a denied gaming license applicant or a
revoked gaming licensee, or a business entity under such a person's control, to enter or attempt to enter into a contract with PDS, its parent company, subsidiaries or any affiliate, without the prior
approval of the Nevada Gaming Commission. Action Gaming affirms that it is not such a person or entity and that it is not under the control of such a person; and agrees that this Agreement is subject
to immediate termination by PDS, without further liability to Action Gaming, if Action Gaming is or becomes such a person or entity or is under the control of such a person. 

        iii.      Action Gaming will have the right if it so chooses to immediately terminate this Agreement without
liability if PDS, or any of its officers, directors, or majority shareholders are indicted or fined by any gaming regulatory agency, or securities agencies, or taxing or government agency. 

        iv.    PDS will have the right if it so chooses to immediately terminate this Agreement without liability if Action Gaming, or
any of its officers, directors, or majority shareholders are indicted or fined by any gaming regulatory agency, or securities agencies, or taxing or government agency. 

        v.    PDS enters into this Agreement acknowledging that the Action Gaming is receiving only royalty income from licensure of its
patented games, and is in no other way participating in percentage of revenue generated from the table game operations. 

        x.    Pronouns.    Masculine or feminine pronouns shall be substituted for the neuter form and vice versa, and the
plural shall be substituted for the singular form and vice versa, in any place or places herein in which the context requires such substitution or substitutions. 

        y.    Regulatory Approvals.    Certain transactions contemplated by this Agreement may require the approval of
governmental regulatory authorities. Those transactions are entirely conditional upon and subject to
the prior approval of such authority. If the transactions are not so approved, they shall be null and void ab initio. The parties shall cooperate with one another and move promptly with due diligence
and in good faith to request any required or appropriate regulatory approvals. If the action or inaction of any governmental regulatory authority renders the parties unable to consummate any
transaction contemplated by this Agreement which thereby denies a party a material benefit contemplated by this Agreement resulting in the unjust enrichment of the other party, the parties shall
negotiate in good faith an amendment to this Agreement which fairly compensates the party denied the benefit. 

        z.    Severability.    Each term, covenant, condition or provision of this Agreement shall be viewed as separate and
distinct, and in the event that any such term, covenant, condition or provision shall be held by a court of competent jurisdiction to be invalid, the remaining provisions shall continue in full force
and effect. 

        aa.    Waiver.    The failure of any party to insist, in any one or more instances, upon performance of any of the
provisions of this Agreement or to take advantage of any of its rights hereunder shall not 

Page 10 

 

operate as a waiver thereof or preclude any other or further exercise thereof or the exercise of any other right or power. 

        IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as of the date set forth above. 

	"PDS"	 	"Action Gaming"
	 	 	 	 	 	 	 
	PDS FINANCIAL CORPORATION and

its affiliates and subsidiaries	 	ACTION GAMING, INC.
	 	 	 	 	 	 	 
	By:	 	/s/  PETER D. CLEARY      
	 	By:	 	Ernest W. Moody

	Print Name: Peter D. Cleary	 	Print Name: Ernest W. Moody
	Its: President	 	Its: President

Page 11 

QuickLinks

Exhibit 10.25

LICENSE AGREEMENT

RECITALS

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}]]