Document:

Exhibit 4.6

                                                                                                    Exhibit
    4.6

    
 

    

    

    AGREEMENT

    

    HO
      CASINOS.COM

    

    and

    

    MAHJONG
      SYSTEMS LIMITED 

     

     

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    
 

    

    MEMORANDUM
      OF AGREEMENT

    

    

    

    entered
      into between:

    

    

    HO
      CASINOS.COM

    

    A
      company
      duly incorporated under the laws of Costa Rica

    

    

    

    and

    

    

    

    MAHJONG
      SYSTEMS LIMITED 

    

    A
      company
      domiciled in the Turks and Caicos Islands that offers a centralised Mahjong
      Gaming System and manages the settling of winnings and losses between
      participants.

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    RECITALS

    

    WHEREAS
      Ho
      Casinos operates a gaming web site as part of their business

    

    AND
      WHEREAS MSL
      is a
      company established to operate a centralised gaming engine and settlement system
      for the provision of games to customers of its partners;

    

    AND
      WHEREAS
      Ho
      Casinos has launched (or is in a process of launching) Homahjong.com, a multi
      player mahjong game web site;

    

    NOW
      THEREFORE
      the
      Parties agree to the following:

    

    
      	1.	
              DEFINITIONS
                

            

    

    

    Unless
      the contrary is clearly indicated, the following words and/or phrases, shall
      have the following meaning:

     

    
      
        	
                1.1
                  

              	
                “this
                  / the Agreement” 

              	
                shall
                  mean this written document together with all written appendices,
                  annexures, exhibits or amendments attached to it from time to time
                  by
                  written agreement between the parties;

              
	 	 	 
	
                1.2
                  

              	
                “Commencement
                  Date” 

              	
                shall
                  mean the date on which the duly authorized representatives of the
                  Parties
                  affixes their signatures to the Agreement;

              
	 	 	 
	
                1.3
                  

              	
                “Confidential
                  Information” 

              	
                shall
                  mean the personal information of the Introduced Players, including
                  personal information and play history;

              
	 	 	 
	
                1.4
                  

              	
                “Currency”
                  

              	
                shall
                  mean (not limited to) United States Dollars or EUROs;

              
	 	 	 
	
                1.5

              	
                "Rake"

              	
                shall
                  mean the share, in the Currency, of the winnings paid in each game
                  that is
                  collected by MSL as a fee for its service;

              
	 	 	 
	
                1.6

              	
                "MSL"

              	
                shall
                  mean Mahjong Systems Limited, a company with registered address
                  Mahjong
                  Systems Limited, Britannic House, Providenciales, Turks and Caicos
                  Islands, B.W.I;

              
	 	 	 
	
                1.7

              	
                "Introduced
                  Players"

              	
                shall
                  mean players of the Mahjong Games, introduced by Ho Casinos as
                  recorded by
                  the mahjong system;

              
	 	 	 
	
                1.8

              	
                "Mahjong
                  Games"

              	
                shall
                  mean the multi player Mahjong game and any other games that MSL
                  may make
                  available from time to time;

              
	 	 	 
	
                1.9
                  

              	
                “Parties”
                  

              	
                shall
                  mean Ho Casinos and MSL;

              
	 	 	 
	
                1.10

              	
                “Partners”

              	
                shall
                  mean all gaming systems that provide players and integrate with
                  MSL in a
                  manner similar to that contemplated in this agreement;

              
	 	 	 
	
                1.11

              	
                “Float”

              	
                shall
                  mean the funds held as Deposit by MSL and adjusted in the monthly
                  settlement;

              
	 	 	 
	
                1.12

              	
                “Float
                  Amount”

              	
                The
                  amount of Float that is agreed between MSL and Ho Casinos, as adjusted
                  from time to time, and held by MSL to cover possible losses by
                  Players;

              
	 	 	 
	
                1.13
                  

              	
                “Ho
                  Casinos”

              	
                shall
                  mean HO CASINOS.COM, a company duly constituted based in Costa
                  Rica,
                  having its address for service under this Agreement at Suite 214,
                  Teledome
                  Building, Old Parham Road, P.O.Box W1847, St. Johns,
                  Antigua;

              
	 	 	 
	1.14 	Any
                reference to the singular includes the plural and vice versa;
	 	 	 
	1.15 	Any
                reference to natural persons includes legal persons and vice
                versa;
	 	 
	1.16 	Any
                reference to a gender includes other genders;
	 	 
	1.17	The
                clause headings in this agreement have been inserted for convenience
                only
                and shall not be taken into account in its
                interpretation.

      

      

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

    
      	2.	
              DURATION

            

    

    

    
      	2.1	
              The
                Agreement shall commence on the Commencement
                Date.

            

    

    

    
      	
              2.2

            	
              The
                Agreement will continue in force for a period of one (2) years calculated
                from the Commencement
                Date
                and thereafter be renewed for further periods of two (2) years subject
                to
                either of the Parties’ right to terminate the Agreement by giving one (1)
                months prior written notice after the expiry of the initial two (2)
                year
                term.

            

    

    

    
      	
              3.

            	
              RIGHT
                OF PARTICIPATION IN REVENUE
                SHARING

            

    

    

    
      	
              3.1

            	
              The
                Parties agree that other Partners may participate in revenue sharing
                with
                MSL in a similar manner to that contemplated in this Agreement.
                

            

    

    

    
      	4.	
              RIGHT
                AND OBLIGATIONS OF MSL

            

    

    

    MSL
      shall:

    

    
      	
              4.1

            	
              Have
                the right to use third parties to perform any of these rights and
                obligations;

            

    

    

    
      	
              4.2

            	
              Ensure
                that it is legally authorized to provide the Mahjong
                Games;

            

    

    

    
      	
              4.3

            	
              Ensure
                that all transactions in respect of its obligations in terms of this
                Agreement are conducted in the Currency as defined in the systems
                specifications;

            

    

    

    
      	
              4.4

            	
              Settle
                all net differences between Partners on a monthly basis within 30
                days of
                the end of each month by, 

            

    

    

    
      	
              4.4.1

            	
              in
                the event that the Float is less than the Float Amount, instructing
                a
                Partner to remit funds to return the Float to the Float Amount;
                

            

      	 	 

    

    
      	
              4.4.2

            	
              in
                the event that the Float is greater than the Float Amount, paying
                the
                Partner the excess amount;

            

    

    

    
      	
              4.5

            	
              Pay
                the Ho Casinos commissions, as a percentage of the Rake, to Ho Casinos
                as
                defined in Schedule 1, these commissions settled in the same transactions
                as the settlement defined in 4.4;

            

    

    

    
      	
              4.6

            	
              Hold
                the Float Amount in trust for Ho Casinos and return all amounts that
                are
                not spent in the case of cancellation to Ho
                Casinos;

            

    

    

    
      	
              4.7

            	
              Monitor
                the Float Amount and inform Ho Casinos if it is insufficient for
                the
                current play rate;

            

    

     

    
 

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
      	
              4.8

            	
              Provide
                monthly report of Float movements and commissions due to Ho Casinos
                and
                provide real-time access to financial and game
                information;

            

    

    

    
      	
              4.9

            	
              Keep
                full and proper books of accounts and records showing clearly all
                transactions relating to MSL's obligations in respect of this
                Agreement;

            

    

    

    
      	
              4.10

            	
              Allow
                any person authorized by Ho Casinos to have access at all reasonable
                times
                to MSL's premises for the purposes of inspecting the books and records
                to
                the extent that this is necessary to ensure Ho Casinos’ interests are
                being protected as provided for in this
                Agreement;

            

    

    

    
      	
              4.11

            	
              Provide
                all computer components, equipment and software needed to provide
                the
                electronic system to operate the Mahjong
                Games;

            

    

    

    
      	
              4.16

            	
              Provide
                support and service as follows to Ho Casinos for technical and software
                issues:

            

    

    

    
      	
              4.16.1

            	
              Respond
                to problem notifications within two (2) hours of being advised of
                a
                problem. MSL will make best endeavors to solve the problem within
                twelve
                (12) hours of receiving notification of a
                problem;

            

    

    

    
      	
              4.17

            	
              MSL
                has no right to communicate with, nor ownership of, Introduced
                Players.

            

    

    

    
      	5.	
              RIGHTS
                AND OBLIGATIONS OF HO
                CASINOS

            

    

    

    Ho
      Casinos shall:

    

    
      	
              5.1

            	
              Promote
                the Mahjong Games and be responsible for all associated
                costs;

            

    

    

    
      	
              5.2

            	
              Not
                bring MSL into disrepute by marketing or selling the Mahjong Games
                in any
                fashion deemed to be illegal or
                undesirable;

            

    

    

    
      	
              5.3

            	
              Use
                best endeavors to ensure that its activities do not violate the laws
                of
                any country;

            

    

    

    
      	
              5.4

            	
              Inform
                MSL as soon as possible of any legal difficulties that are encountered
                in
                respect of the promotion of the Mahjong
                Games;

            

    

    

    
      	
              5.5

            	
              Be
                responsible for all costs incurred by Ho Casinos in the software
                integration;

            

    

    

    
      	
              5.6

            	
              Be
                responsible for and bear all costs with relation to the player
                relationship including:

            

    

    

    
      	
              5.6.1

            	
              Acquiring
                funds into players’ accounts that may be subsequently used for the Mahjong
                Game,

            

      	 	 

    

    
      	
              5.6.2

            	
              Providing
                customer support to players,

            

      	 	 

    

    
      	
              5.6.3

            	
              Settlement
                of player withdrawals,

            

      	 	 

    

    
      	
              5.6.4

            	
              Managing
                and funding where necessary any shortfalls through charge backs or
                fraud,

            

      	 	 

    

    
      	
              5.6.5

            	
              Provision
                of all software and hardware systems associated with the player
                relationship;

            

    

    

    
      	
              5.7

            	
              Pay
                an initial and annual License Fee as per Schedule
                1;

            

    

    

    
      	
              5.8

            	
              Deposit
                funds with MSL to establish the Float. The Float will cover the expected
                maximum deficit that would be realized in the course of one month,
                such
                float to be adjusted where necessary during the course of the month
                in
                good time to avoid players being refused games. The initial float
                amount
                is set as per Schedule 1.

            

    

     

     

    
 

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
      	
              6.

            	
              INTELLECTUAL
                PROPERTY RIGHTS

            

    

    

    
      	
              6.1

            	
              Ho
                Casinos shall not acquire any right, title or interest in any copyright
                or
                other intellectual property rights in the Mahjong Games by virtue
                of this
                Agreement;

            

    

    

    
      	
              6.2

            	
              MSL
                shall not acquire any right, title or interest in any copyright or
                other
                intellectual property rights in Ho Casinos’ trademarks, trade names,
                copyrights and other rights used or embodied in or in connection
                with its
                activities.

            

    

    

    
      	7.	
              VALIDITY 

            

    

    

    
      	
              7.1

            	
              If
                any provision of this Agreement
                is found or held to be invalid or unenforceable, the validity and
                enforceability of all the other provisions of this Agreement
                will not be affected thereby.

            

    

    

    
      	8.	
              CONFIDENTIALITY 

            

    

    

    
      	
              8.1

            	
              MSL
                shall hold in confidence all Confidential
                Information
                received and not divulge the Confidential
                Information
                to any person, including any of its personnel, save for Parties directly
                involved with the execution of this
                Agreement;

            

    

    

    
      	
              8.2

            	
              Ho
                Casinos shall have full rights to and access to the Confidential
                Information.

            

    

    

    
      	
              8.3

            	
              The
                parties shall prevent disclosure of the Confidential
                Information,
                except as may be required by law.

            

    

    

    
      	
              8.4

            	
              MSL
                shall ensure that each staff member or external party having access
                to
                Confidential Information is bound by individual non-disclosure
                agreements.

            

    

    

    
      	9.	
              TERMINATION
                OF AGREEMENT

            

    

    

    
      	
              9.1

            	
              This
                Agreement may be terminated with immediate effect by MSL in the event
                of
                Ho Casinos not complying with the MSL requirements in terms of clause
                5.2.
                This clause shall not be unreasonably
                invoked.

            

    

     

    
      	
              9.2

            	
              Each
                party may terminate this Agreement by written notice to the other
                Party in
                accordance with clause 2.2 after the initial
                period.

            

    

     

    
      	
              9.3

            	
              Either
                Party may terminate this Agreement by written notice if the other
                is in
                breach of any of the obligations of this Agreement and fails to remedy
                such breach within thirty (30) days after written notice to do so
                has been
                dispatched by the other Party.

            

    

     

    
      	
              9.4

            	
              Either
                Party may terminate this Agreement immediately and without notice
                if:

            

    

     

    
      	
              9.4.1

            	
              the
                other enters into a composition with its
                creditors;

            

    

     

    
      	
              9.4.2

            	
              an
                order is made for the winding up of the
                other;

            

    

     

    
      	
              9.4.3

            	
              an
                effective resolution is passed for the winding up of the other (other
                than
                for the purposes of amalgamation or reconstruction on terms approved
                by
                the first Party (such approval not to be unreasonably withheld));
                or

            

    

     

    
      	
              9.4.4

            	
              the
                other has a receiver, manager, administrative receiver or administrator
                appointed in respect of it.

            

    

     

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    
      	9.5	
              Effect
                of Termination

            

    

     

    The
      termination of the Agreement, for whatever reason, shall not affect the rights
      of either of the parties:

     

    
      	
              9.5.1

            	
              that
                may have accrued before the termination of the Agreement;
                or

            

    

     

    
      	
              9.5.2

            	
              which
                specifically or by their nature survive the termination of the
                Agreement.

            

    

     

    
      	
              9.6

            	
              On
                termination, MSL will provide, in an electronic format acceptable
                to Ho
                Casinos, a copy of all the Confidential Information relating to Ho
                Casinos.

            

    

     

    
      	
              9.7

            	
              MSL
                shall destroy all copies of Confidential Information relating to
                Ho
                Casinos once it is no longer required to be
                kept.

            

    

     

    

    
      	10.	
              DOMICILIUM
                

            

    

    

    The
      Parties elect the following addresses as their respective domicilium
      citandi et executandi:

    

    
      	
              10.1

            	
              HO
                CASINOS.COM:

               

              Suite
                214, Teledome Building

              Old
                Parham Road 

              P.O.Box
                W1847 

              St.
                Johns

              Antigua

            

    

     

    
      	10.2	
              MSL:

              Mahjong Systems Limited

              Britannic House

              Providenciales

              Turks and Caicos Islands

              B.W.I

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    
      	
              10.3

            	
              Either
                of the Parties may change its
                domicilium citandi et executandi to
                another address within the same country, by way of a notice to the
                other
                party to this Agreement, provided that such a notice is received
                by the
                addressee, at least 7 (seven) calendar days prior to such a change
                taking
                effect.

            

    

    

    
      	11.	
              NOTICES
                

            

    

    

    The
      Parties elect the following addresses at which all notices and other
      communications must be delivered for the purposes of this Agreement:

    

    
      	11.1	
              HO
                CASINOS.COM:

            

    

    

    
      	11.1.1	
              by
                hand at Suite 214, Teledome Building, Old Parham Road, St. Johns,
                Antigua
                for the attention of the Chief Executive
                Officer;

            

    

    

    
      
        	11.1.2	
                by
                  post at Suite 214, Teledome Building, Old Parham Road, P.O.Box
                  W1847, St.
                  Johns, Antigua marked for the attention of the Chief Executive
                  Officer;

              

      

    

    

    
      	11.1.3	
              by
                facsimile at +1 (268) 562 2380 marked for the attention of the Chief
                Executive Officer.

            

    

    

    
      	11.2	
              MSL:

            

    

    

     

    
      	11.2.1	
              by
                hand at Mahjong Systems Limites, Britannic House, Providenciales,
                Turks
                and Caicos Islands, B.W.I., marked for the attention of Chief Executive
                Officer, with copy to Events International Holding Corporation, 759
                Square
                Victoria, Suite 300, Montreal, Quebec, Canada H2Y 2J7, attention
                President;

            

    

    

     

    
      	11.2.2	
              by
                post at Mahjong Systems Limites, Britannic House, Providenciales,
                Turks
                and Caicos Islands, B.W.I., marked for the attention of the Director
                of
                the Board, with copy to Events International Holding Corporation,
                759
                Square Victoria, Suite 300, Montreal, Quebec, Canada H2Y 2J7, attention
                President;

            

    

    

     

    
      	11.2.3	
              by
                facsimile at +1 (514) 344 1218 marked for the attention of the Director
                of
                the Board, with copy to +1 (514)
                288-0588.

            

    

    

    
      	
              11.3
                

            	
              Any
                notice or communication required or permitted to be given in terms
                of this
                Agreement
                shall only be valid and effective if it is in
                writing.

            

    

    

    
      	
              11.4
                

            	
              Any
                notice addressed to either of the Parties and contained in a correctly
                addressed envelope and sent by registered post to it at its chosen
                address
                or delivered by hand at its chosen address to a responsible person
                on any
                day of the week between 09h00 and 16h00, excluding Saturdays, Sundays
                and
                public holidays, shall be deemed to have been received, unless the
                contrary is proved, if sent by registered post, on the 14 (fourteenth)
                calendar day after posting and, in the case of hand delivery, on
                the day
                of delivery.

            

    

    

    
      	
              11.5
                

            	
              Any
                notice sent by telefax to either of the Parties at its telefax number
                shall be deemed, unless the contrary is proved, to have been
                received:

            

    

    

    
      	11.5.1	
              if
                it is transmitted on any day of the week between 09h00 and 16h00,
                excluding Saturdays, Sundays and public holidays, within 2 (two)
                hours of
                transmission;

            

    

    

    
      	11.5.2	
              if
                it is transmitted outside of these times, within 2 (two) hours of
                the
                commencement of the next day of the week between 09h00 and 16h00,
                excluding Saturdays, Sundays and public holidays, after it has been
                transmitted.

            

    

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    
      	12.	
              FORCE
                MAJEURE

            

    

    

    
      	
              12.1
                

            	
              Neither
                of the Parties shall be liable for a failure to perform any of its
                obligations insofar as it proves:

            

    

    

    
      	12.1.1	
              that
                the failure was due to an impediment beyond its
                control;

            

      	 	 

    

    
      	12.1.2	
              that
                it could not reasonably be expected to have taken the impediment
                and its
                effects upon the party’s ability to perform into account at the time of
                the conclusion of this Agreement; and

            

      	 	 

    

    
      	12.1.3	
              that
                it could not reasonably have avoided or overcome the impediment or
                at
                least its effects.

            

    

    

    
      	
              12.2
                

            	
              An
                impediment, as aforesaid, may result from events such as the following,
                this enumeration not being
                exhaustive:

            

    

    

    
      	12.2.1	
              war,
                whether declared or not, civil war, civil violence, riots and revolutions,
                acts of sabotage;

            

    

     

    
      	12.2.2	
              natural
                disasters such as violent storms, cyclones, earthquakes, tidal waves,
                floods, destruction by lightning; 

            

      	 	 

    

    
      	12.2.3	
              explosions,
                fires, destruction of machines, factories and any kind of
                installations;

            

      	 	 

    

    
      	12.2.4	
              boycotts,
                strikes and lock-outs of all kinds, go-slows, occupation of factories
                and
                premises and work stoppages;

            

      	 	 

    

    
      	12.2.5	
              acts
                of authority, whether lawful or unlawful, apart from acts from which
                the
                party seeking relief has assumed the risk by virtue of any other
                provisions of this Agreement. 

            

    

    

    
      	
              12.3
                

            	
              For
                the purposes of this clause “impediment” does not include lack of
                authorisations, of licences, of permits or of approvals necessary
                for the
                performance of this Agreement
                and to be issued by the appropriate public
                authority.

            

    

    

    
      	
              12.4
                

            	
              Relief
                from liability for non-performance by reason of the provisions of
                this
                clause shall commence on the date upon which the party seeking relief
                gives Notice
                of the impediment relied upon and shall terminate upon the date upon
                which
                such impediment ceases to exist; provided that if such impediment
                continues for a period of more than sixty (60) days either of the
                Parties
                shall be entitled to terminate this Agreement.

            

    

     

    
 

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    
      	
              13.

            	
              ENTIRE
                AGREEMENT AND VARIATIONS 

            

    

    

    
      	
              13.1
                

            	
              This
                Agreement
                including schedule 1 constitutes the whole agreement between the
                Parties
                and supersedes all prior verbal or written agreements or understandings
                or
                representations by or between the Parties
                regarding the subject matter of this Agreement,
                and the Parties
                will not be entitled to rely, in any dispute regarding this Agreement,
                on any terms, conditions or representations not expressly contained
                in
                this Agreement.

            

    

    

    
      	
              13.2
                

            	
              No
                variation of or addition to this Agreement
                will be of any force or effect unless reduced to writing and signed
                by or
                on behalf of the Parties.

            

    

    

    
      	
              13.3 

            	
              Neither
                party to this Agreement
                has given any warranty or made any representation to the other party,
                other than any warranty or representation that may be expressly set
                out in
                this
                Agreement.

            

    

    

    
      	14.	
              RELAXATION
                

            

    

    

    No
      indulgence, leniency or extension of a right, which either of the Parties
      may have in terms of this Agreement,
      and which either party (“the grantor”) may grant or show to the other party,
      shall in any way prejudice the grantor, or preclude the grantor from exercising
      any of the rights that it has derived from this Agreement,
      or be construed as a waiver by the grantor of that right.

    

    
      	15.	
              WAIVER

            

    

    

    No
      waiver
      on the part of either party to this Agreement of any rights
      arising from a breach of any provision of this Agreement
      will constitute
      a
      waiver of rights in respect of any subsequent breach of the same or any other
      provision.

    

    
      	16.	
              SEVERABILITY

            

    

    

    In
      the
      event that any of the terms of this Agreement
      are found to be invalid, unlawful or unenforceable, such terms will be severable
      from the remaining terms, which will continue to be valid and
      enforceable.

    

    
      	17.	
              DRAFTING
                COSTS 

            

    

    

    Each
      of
      the Parties shall bear its own cost incurred as a result of the negotiation,
      drafting and finalisation of this Agreement, which shall include, but not be
      limited to, all legal fees.

    

    
      	18.	
              GOVERNING
                LAW 

            

    

    

    The
      validity and interpretation of this Agreement
      will be governed by the laws of the Turks and Caicos Islands.

    
 

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    
 

    I,
      Peter
      Kjaer, the undersigned, herewith confirm that my position within HOCASINOS.COM
      is that of CEO and state that I am duly authorized to enter into
      this
      Agreement,
      which I herewith do, on this the ______________

    by
      signing this
      Agreement,
      for and on behalf of HOCASINOS.COM.

    

    

    Witnesses:

    
      	
              1
                

            	 	 
	 	 	 
	
              2
                

            	 	
              Signature
                on behalf of HOCASINOS.COM

            
	 	 	 

    

    

    

    

    I,
      Ian
      Sherrington, the undersigned, herewith confirm that my position within the
      Mahjong Systems Limited is that of Director and state that I am duly authorized
      to enter into this
      Agreement,
      which I herewith do, 

    on
      this
      the ________________

    by
      signing this
      Agreement,
      for and on behalf of the Mahjong Systems Limited.

    

    

    Witnesses:

    
      	
              1
                

            	 	 
	 	 	 
	
              2
                

            	 	
              Signature
                on behalf of MSL

            

    

    

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    

    Schedule
      1 

    

      

      

        
          	
                   

                  Revenue
                    Share, License Fees and Deposit

                
	
                   

                  Initial
                    Deposit

                	
                   

                  US$
                    *

                
	
                   

                  First
                    Year License Fee

                	
                   

                  US$
                    *

                
	
                   

                  Subsequent
                    Annual License Fees

                	
                   

                  US$
                    *

                
	
                   

                  Revenue
                    Share 

                  (share
                    of House Rake paid to partner)

                	
                   

                   *

                

        

      
 

      

          *
            The
            confidential portion has been so omitted and filed separately with the
            Commission.Exhibit 4.7

    Exhibit
      4.7

    

    

    

    

    DATED
      2005

    

    ORBIS
      TECHNOLOGY LIMITED 

    and

    Mahjong
      Systems Limited

        
      ____________________________________________________________

    

    PARTNER
      AGREEMENT 

         
      ____________________________________________________________

     

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    
 

    This
      Partner Agreement (the "Agreement") is made to be effective,  5th
      Octuber 
      2005
      (the "Effective Date") by and between ORBIS
      TECHNOLOGY LIMITED
      ("ORBIS"), a company incorporated in England and Wales with offices located
      at
      One London Road, Staines, Middlesex TW18 4EX, United Kingdom which expression
      shall include its Affiliates and MAHJONG
      SYSTEMS LIMITED (“MSL), a
      company
      incorporated in the Turks and Caicos Islands with offices located at Britannic
      House, Providenciales, Turks and Caicos Islands, B.W.I.,

     

    R
      E C I T A L S

     

    A. ORBIS
      is
      a leading supplier of software used by the gaming industry for the purposes
      of
      interactive gambling.

     

    B. 
      MSL is
      engaged in supplying and hosting multiplayer Mahjong games 

     

    C. MSL
      wish
      to use the API gateways provided by Orbis, to connect the Products to the
      OpenBet software licensed to the Customers, subject to the terms set out
      below

     

    NOW,
      THEREFORE, in consideration of the mutual promises and covenants set forth
      below, ORBIS and MSL agree as follows:

     

    1. DEFINITIONS

     

    
      	
              1.1

            	
              Definitions.
                For purposes of this Agreement, all capitalized terms shall have
                the
                respective meanings set forth below or as elsewhere defined in this
                Agreement:

            

    

     

    “Affiliate”
      shall
      mean the holding company of a party or a subsidiary of a party or a subsidiary
      of that party’s holding company. “Holding company” shall mean a company with
      control of a party and “subsidiary” shall mean any company that is under the
      control of a party or the holding company of a party.

     

    “Customers”
      any
      existing or future customers of ORBIS, that licence the Products. 

     

    “Intellectual
      Property Rights” or “IPR”
      means
      any patent, registered design, copyright, design right, topography right, trade
      mark, service mark, application to register any such rights, rights in the
      nature of any of the aforementioned rights, trade secrets, rights in
      not-patented know-how, right of confidence and any other intellectual or
      industrial property rights of any kind whatsoever in any part of the
      world.

     

    “Net
      Revenue”
      shall
      mean the total revenues received by MSL from Customer for the Product less;
      (i)
      any tax or duty assessed directly on sales; and (ii) where such items are
      specially shown on the invoice, purchase, sales, import, value added or
      consumption tax or duty, packing expenses, transportation, freight and insurance
      charges; (iii) discounts, where no other benefit, whether direct or indirect,
      is
      obtained by MSL as a result of such discount; and (iv) any integration cost
      or
      initial license fee charged by MSL.

     

    “Product(s)”
      means
      the software applications that have been or are to be developed by [ ] that
      will
      connect to the OpenBet software licensed to the Customer by ORBIS, via the
      API
      gateways as agreed to by ORBIS.

     

    
      	
              1.2
                

            	
              Rules
                of Construction.
                As
                used in this Agreement, (i) neutral pronouns and any derivations
                thereof shall be deemed to include the feminine and masculine and
                all
                terms used in the singular shall be deemed to include the plural
                and vice
                versa, as the context may require; (ii) the words “hereof” and
                “hereunder” and other words of similar import refer to this Agreement as a
                whole, including all exhibits and schedules as the same may be from
                time
                to time amended or supplemented and not to any subdivision of this
                Agreement; (iii) the words “party” and “parties” refer, respectively,
                to a party or to both of the parties to this Agreement; (iv) the word
                “including” is not intended to be exclusive and means “including without
                limitation”; (v) references to section, subsection, attachment or
                exhibit refer to the appropriate section, subsection, attachment
                or
                exhibit in or to this Agreement; and (vi) descriptive headings are
                inserted for convenience of reference only and do not constitute
                a part of
                and shall not be utilized in interpreting this Agreement. This Agreement
                shall be fairly interpreted in accordance with its terms and without
                any
                strict construction in favor of or against either party. No third
                party
                shall have any rights to enforce any provisions of this
                Agreement.

            

    

    

    2. DOCUMENTATION

    

    ORBIS
      agree to provide to MSL documentation on the agreed API gateways and shall
      be
      entitled to use the API gateway for so long as the Net Revenue is paid to
      ORBIS.

    

    
      	
              3.

            	
              REVENUE
                SHARE. 

            

    

     

      
        	3.1       
                  	
                In
                  consideration of ORBIS providing assistance in the use of the API
                  gateway
                  and connection to OpenBet, MSL agrees to pay to ORBIS *%
                  (*)
                  of the Net Revenue. MSL shall keep full records of all income received
                  relating to the Net Revenue and submit to ORBIS at the end of each
                  month a
                  statement identifying the total sums payable to ORBIS. Payment
                  shall be
                  due within 30 (thirty) days of month end.

              

      

     

    
      	
              3.2

            	
              ORBIS
                shall have the right to carry out audits through a suitably qualified
                auditor selected by ORBIS. Should there be a discrepancy between
                actual
                and reported Net Revenue greater than 2% then ORBIS shall not only
                be able
                to recover the sums outstanding together with interest, but in addition
                MSL shall indemnify ORBIS for the auditors costs.
                

            

    

    

    
      	
              3.3

            	
              Late
                payments shall be subject to interest from the date when payment
                ought to
                have been made until the date of actual receipt of payment. The right
                to
                receive payment shall survive termination (howsoever arising) or
                expiry of
                the term, continuing for so long as the Net Revenue accrues to MSL.
                Interest shall accrue daily and be payable on late payments, irrespective
                of receipt of invoice from ORBIS, at the rate of 7% per annum above
                the
                base interest lending rate applicable at that time at HSBC Bank plc.,
                London, until actual receipt of cleared funds by the nominated ORBIS
                bank
                account.

            

    

     

    

        *
          The
          confidential portion has been so omitted and filed separately with the
          Commission.

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
 

    4 OWNERSHIP OF
      INTELLECTUAL PROPERTY RIGHTS

    

    
      	
              4.1

            	
              Nothing
                in this Agreement shall be effective so as to transfer or assign
                ownership
                of any IPR owned by a party at the commencement of this Agreement
                nor
                anything developed or improved by a party in the course of this Agreement.
                

            

    

    

    5 TERM
      AND TERMINATION

    

    
      	
              5.1

            	
              Term.
                This Agreement shall commence upon signing by both parties for a
                period of
                two years (the “Initial Term”) and shall continue thereafter unless
                terminated by one party to the other giving not less than 60 (sixty)
                days
                notice expiring no earlier than the end of the Initial
                Term.

            

    

    

    
      	
              5.2

            	
              Termination
                for Cause. If
                either party materially breaches a material provision of this Agreement
                and fails to correct such breach within 90 (ninety) days following
                written
                notice specifying in detail the nature of the breach, or fails to
                commence
                to correct the breach within such 90 (ninety) day period if the breach
                cannot reasonably be cured within 90 (ninety) days and thereafter
                fails to
                make good faith efforts to remedy such breach, then the non-defaulting
                party may terminate this Agreement, upon written notice of termination
                to
                the defaulting party. 

            

    

    

    
      	
              5.3

            	
              Survival
                of Provisions. Notwithstanding
                any termination of this Agreement, the parties’ rights and obligations
                under clauses 3, 4, 7, 8.2 and 8.7 shall survive any expiration or
                termination of this Agreement. 

            

    

    

    6 REPRESENTATION
      AND WARRANTIES

    

    
      	
              6.1

            	
              No
                Conflict. Each
                party warrants to the other party that it is not restricted in any
                way
                from entering into this Agreement and has the right to grant the
                licenses
                to the other party as set forth in this
                Agreement.

            

    

    

    
      	
              6.2

            	
              Warranty
                Disclaimers.
                The parties expressly disclaim all express, statutory and/or implied
                warranties, including without limitation the warranties of
                merchantability, fitness for a particular purpose and non-infringement.
                Neither party makes any warranties that materials supplied to the
                other
                under this Agreement (excluding financial reporting information)
                will be
                error-free, and each party hereby disclaims any and all liability
                on
                account thereof. 

            

    

     

    7 CONFIDENTIAL
      INFORMATION

    

    
      	
              7.1

            	
              Definition.
                For purposes of this Agreement “Confidential Information” shall mean
                information including, without limitation, this Agreement and the
                terms
                hereof, computer programs, code, Betas, algorithms, names and expertise
                of
                employees and consultants, know-how, formulas, processes, ideas,
                inventions (whether patentable or not), schematics and other technical,
                business, financial and product development plans, forecasts, strategies
                and information marked “Confidential” or, if disclosed verbally,
                identified as confidential in writing prior or subsequent to such
                verbal
                disclosure. 

            

    

     

    
      	
              7.2

            	
              Confidentiality
                Obligations.
                Each party agrees to maintain all Confidential Information in confidence
                to the same extent that it protects its own confidential information
                but
                in no event less than reasonable care and to use such Confidential
                Information only as permitted under this Agreement. The Recipient
                agrees
                to disclose Confidential Information only to its employees, Affiliates,
                attorneys, bankers, financial advisors and independent contractors
                (a)
                with a need to know to further permitted uses of such Confidential
                Information as provided in this Agreement, (b) who are parties to
                appropriate written agreements sufficient to comply with this clause,
                and
                (c) who are informed of the nondisclosure/non-use obligations imposed
                by this clause. 

            

    

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    8 MISCELLANEOUS

    

    
      	
              8.1

            	
              Legal
                Fees and Expenses. Each
                party will pay its own fees and expenses, including without limitation
                legal fees and other expenses in connection with the transactions
                contemplated under this Agreement.

            

    

    

    
      	
              8.2

            	
              No
                Consequential Damages.
                To
                the maximum extent permitted under applicable law, in no event shall
                either party be liable to the other under this agreement for any
                indirect
                or incidental or special or exemplary or punitive or consequential
                damages
                or for any loss of profits or loss of revenue, or loss of data, or
                loss of
                goodwill or work stoppage, computer failure or malfunction, incurred
                by
                either party or any third party, regardless of the form of action,
                even if
                the other party or any other person has been advised of the possibility
                of
                such damages. 

            

    

    

    
      	
              8.3

            	
              Severability,
                Waiver.
                In
                the event any provision of this Agreement is held to be invalid or
                unenforceable, the remaining provisions of this Agreement will remain
                in
                full force and effect. The waiver by either party of any default
                or breach
                of this Agreement shall not constitute a waiver of any other or subsequent
                default or breach. 

            

    

    

    
      	
              8.4

            	
              Relationship
                of the Parties.
                No
                agency, partnership, joint venture, or employment relationship is
                created
                as a result of this Agreement and neither party have any authority
                of any
                kind to bind the other party in any respect
                whatsoever.

            

    

     

    
      	
              8.5

            	
              Governing
                Law.
                This Agreement shall be governed by and construed in accordance with
                the
                laws of England. Any dispute regarding this Agreement shall be subject
                to
                the exclusive jurisdiction of the English courts, and the parties
                agree to
                submit to the personal and exclusive jurisdiction and venue of these
                courts. 

            

    

     

    
      	
              8.6

            	
              Force
                Majeure.
                Neither party shall be liable to the other for failure or delay in
                the
                performance of a required obligation if such failure or delay is
                caused by
                strike, riot, fire, flood, natural disaster, or other similar cause
                beyond
                such party's control, provided that such party gives prompt written
                notice
                of such condition and resumes its performance as soon as possible,
                and
                provided further that the other party may terminate this Agreement
                if such
                condition continues for a period of 60 (sixty) days.
                

            

    

    

    
      	
              8.7

            	
              Entire
                Agreement.
                This Agreement constitutes the entire agreement between the parties
                concerning the subject matter hereof and supersedes all prior or
                contemporaneous proposals and agreements whether oral or written,
                and all
                communications between the parties relating to the subject matter
                of this
                Agreement and all past courses of dealing or industry custom. This
                Agreement may not be modified or amended except in writing signed
                by an
                authorized representative of each party; no other act, document,
                usage or
                custom shall be deemed to amend or modify this Agreement. If any
                ambiguity
                or conflict exists between the terms of this Agreement and the terms
                of
                any Exhibit hereto, the terms of this Agreement shall prevail and
                shall be
                conclusively determined to reflect the intention of the parties with
                respect to the relevant issues. Neither party hereto shall be bound
                by any
                definition, condition, warranty, representation, modification, consent
                or
                waiver other than as expressly stated in this Agreement unless set
                forth
                in writing executed by the party to be bound.

            

    

    

    
      	
              8.8

            	
              Notices.
                Any notice, request, demand, or other communication required or permitted
                hereunder shall be in writing and shall be given by courier or other
                personal delivery, or by a recognized overnight courier for next
                day or
                two day delivery. Notices shall be sent to the parties at the addresses
                set forth on the first page hereof to the following persons: (i)
                for
                ORBIS: Mrs. Ismat Levin, VP & General Counsel (FAX: +44 208 476 8276);
                and (ii) for MSL : Mr Ian Sherrington, Director (FAX: +1 514 288
                0164 (or
                any other persons or address as the parties may from time to time
                designate in a writing delivered pursuant to this sub-clause 10.12
                (“Notices”). Notices shall be deemed to have been given when received as
                evidenced by a courier receipt.

            

    

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF,
      as of
      the Effective Date, an authorized representative of each party has duly executed
      this Agreement.

    

    SIGNED
      for and on behalf of SIGNED
      for and on behalf of

     

    ORBIS
      TECHNOLOGY LIMITED MSL

    

     

     

    
      	
              _________________________________________________________ 

              Signed:

            	
              ________________________________________________________ 

              Signed

            
	 	 
	
              _________________________________________________________________

              Name

            	
              ________________________________________________________________

              Name

            
	 	 
	
              _________________________________________________________________

              Title

            	
              ________________________________________________________________

              Title

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