Document:

Exhibit 10.1

                                                     [TWO WAY TV AUSTRALIA LOGO]

                        EXCLUSIVE DISTRIBUTION AGREEMENT

                          TWO WAY TV AUSTRALIA LIMITED

                                 ZONE4PLAY, INC

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                        EXCLUSIVE DISTRIBUTION AGREEMENT

DATE AUGUST 17, 2005

PARTIES

     TWO WAY TV AUSTRALIA LIMITED (ABN 28 007 424 777) of Level 3, 55 Pyrmont
     Bridge Road, Pyrmont NSW 2009 Australia ("TWTVA")

     ZONE4PLAY, INC., a company incorporated under the laws of the state of
     Delaware, U.S.A., having its registered offices at 103 Foulk Road, Suite
     202, Wilmington, Delaware ("ZONE4PLAY")

     (each a "PARTY" and together the "PARTIES").

BACKGROUND

A.   WHEREAS, Zone4Play is a developer of interactive game technology that
     provides an end-to-end solution allowing service providers to deliver games
     to subscribers over multiple network platforms such as interactive TV,
     wireless networks and the Internet and is the owner of the entire right,
     title and interest in and to, or otherwise has rights in, the Intellectual
     Property;

B.   WHEREAS, TWTVA is a leading provider of live, competitive, enhanced TV
     entertainment and interactive TV applications and technology in Australia;
     and

C.   WHEREAS, Zone4Play desires to have TWTVA distribute, market and promote,
     and TWTVA desires to distribute, market and promote on behalf of Zone4Play,
     the Zone4Play Intellectual Property and the Products to gaming and wagering
     operators, broadcasters and mobile operators (collectively, "Operators") to
     enable mass participation gaming and gambling through television and mobile
     phones in the Territory.

D.   NOW, THEREFORE, in consideration of the premises of the covenants and
     agreements herein contained, and intending to be legally bound hereby, the
     Parties hereto agree as follows:

OPERATIVE PROVISIONS

1.   INTERPRETATION

1.1  DEFINITIONS

     The following definitions apply in this Agreement.

     "AFFILIATES" means any entity that controls, is controlled by or is under
     common control with Zone4Play or TWTVA, as applicable.

     "ASIA" means Bangladesh, Bhutan, Brunei, Cambodia, China, East Timor, Hong
     Kong, India, Indonesia, Japan, Laos, Macau, Malaysia, Maldives, Mongolia,
     Myanmar, Nepal, North Korea, Pakistan, Papua New Guinea, Philippines,
     Singapore, South Korea, Sri Lanka, Taiwan, Thailand, and Vietnam.

     "AUSTRALASIA" means Australia and New Zealand.

     "BUSINESS DAY" means a day on which banks are open for business in Sydney,
     Australia.

     "COMMENCEMENT DATE" means 1 June 2005.

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     "CONFIDENTIAL INFORMATION" means any and all technical, business, client or
     proprietary information whether oral, visual, machine recognisable or
     written relating to the business affairs, business strategies and
     practices, methodologies, pricing, product information, client lists,
     operations, processes, plans or intentions, market opportunities, services,
     research, inventions, patents, technology, trade secrets, Know-How,
     software, source code, and potential or actual customer information of the
     Discloser, and in the case of Zone4Play, the Intellectual Property, which
     information will be deemed to be confidential, but does not include the
     Excluded Information. The terms of this Agreement shall be deemed
     Confidential Information.

     "DISCLOSER" means the Party providing Confidential Information to the
     Recipient or its Affiliates.

     "EXCLUDED INFORMATION" means:

     (a)  information which the Recipient can document and prove is or becomes
          publicly available through no improper action or inaction by the
          Recipient, or

     (b)  information which was known by the Recipient or was legitimately in
          the Recipient's possession prior to receipt of the Discloser's
          Confidential Information as shown by the Recipient's business records
          kept in the ordinary course, or

     (c)  information which is disclosed with the prior written approval of the
          Discloser, or

     (d)  information received from a third party, where such third party is not
          prohibited from disclosing such information to the Recipient by a
          contractual or fiduciary obligation, or

     (e)  information which is independently developed by the Recipient without
          use of or reference to the Discloser's Confidential Information and
          provided that the Recipient can demonstrate such independent
          development by documented evidence prepared contemporaneously with
          such independent development, or

     (f)  information which becomes known to the Recipient from a source other
          than the Discloser without breach of this Agreement by the Recipient
          and otherwise not in violation of the Discloser's rights.

     "FIRST AND LAST MATCHING RIGHTS" means the provisions of clause 4.

     "INDEPENDENT ASSESSOR" means a partner of a reputable law firm practising
     in England which has not previously done any legal work for either TWTVA or
     Zone4Play.

     "INITIAL TERM" means the period of five (5) years commencing on the
     Commencement Date.

     "INTELLECTUAL PROPERTY" means:

     (a)  any copyright, patent, design, trade mark, eligible layout right or
          other similar right, whether registered or not;

     (b)  any invention, discovery, trade secret, technical information or
          Know-How, whether patentable or not;

     (c)  any computer software (including source code and object code),
          hardware or firmware;

     (d)  any Confidential Information;

     (e)  any other rights resulting from intellectual activity in any field;

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     (f)  any database rights, and

     (g)  any grant or certificate of title for any thing referred to in
          paragraph (a) to (f) inclusive,

     which may subsist anywhere in the world, for the full term of such rights
     and any extensions or renewals thereof, subsisting prior to, at or after
     the Commencement Date (whether or not any of these rights are registered,
     and including applications and the right to apply for registration of any
     of such rights). In the case of Zone4Play, Intellectual Property shall
     include any thing referred to in paragraph (a) to (f) inclusive that:

          i.   has been developed or otherwise owned by Zone4Play or any
               Affiliate; or

          ii.  is owned by a third party, but which Zone4Play is entitled to
               make available to TWTVA under license in the Territory; or

          iii. comprises games, applications and underlying technology for iTV,
               SMS-TV and mobile, for both Play for Fun Products and Play for
               Real Products.

     "KNOW HOW" means all identifiable knowledge, experience, data and technical
     or commercial information, whether in human or machine readable form and
     whether stored physically, electronically or otherwise, which might
     reasonably be of commercial interest to either Party in relation to the
     Licence or a Proposed Arrangement.

     "LICENCE" means the provisions of clause 2.

     "OPTION TERM" means the period of three (3) years commencing on the expiry
     of the Initial Term.

     "OPTIONS" means each of the three options to renew available under clause
     8.2(a), (b) and (c).

     "PLAY FOR FUN PRODUCTS" means the applications listed in Appendix A and any
     other Intellectual Property which is not included within Play for Real
     Products.

     "PLAY FOR REAL PRODUCTS" means the applications listed in Appendix B and
     any other Intellectual Property which allows end users to participate in an
     interactive activity while paying or risking real money (except where the
     only money paid is a subscription fee or entry fee for the game, or the
     channel which includes the game).

     "PRODUCTS" means Play for Fun Products and Play for Real Products.

     "PROPOSED ARRANGEMENT" means any plan, proposal, agreement, arrangement or
     understanding for the use or commercial exploitation of Zone4Play's
     Intellectual Property in Asia, including by way of licence, sale or joint
     venture.

     "RECIPIENT" means the Party receiving Confidential Information from the
     Discloser or its Affiliates.

     "REVENUE" means all sums of money (excluding all taxes or government
     duties, including purchase, service, sales, excise or value added taxes)
     actually received by TWTVA from exploitation of Zone4Play's Intellectual
     Property pursuant to the Licence. For the avoidance of doubt, "Revenue" is
     net of all costs and expenses, including prizes, paid by TWTVA to third
     parties in the course of exploiting the Intellectual Property (but not
     including TWTVA's own internal costs and expenses).

     "TERM" means the Initial Term and (if TWTVA exercises one or more of the
     Options) the Option Term.

     "TERRITORY" means Australasia and Asia.

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1.2  RULES FOR INTERPRETING THIS AGREEMENT

     Headings are for convenience only, and do not affect interpretation. The
     following rules also apply in interpreting this Agreement, except where the
     context makes it clear that a rule is not intended to apply.

     (a)  A reference to:

          (i)  a document or agreement, or a provision of a document or
               agreement, is to that document, agreement or provision as
               amended, supplemented, replaced or novated;

          (ii) a person includes any type of entity or body of persons, whether
               or not it is incorporated or has a separate legal identity, and
               any executor, administrator or successor in law of the person;
               and

          (iii) any thing (including a right, obligation or concept) includes
               each part of it (but nothing in this agreement implies that
               performance of part of an obligation constitutes performance of
               the obligation).

     (b)  A singular word includes the plural, and vice versa.

     (c)  If a word is defined, another part of speech has a corresponding
          meaning.

     (d)  The word "agreement" includes an undertaking or other binding
          arrangement or understanding, whether or not in writing.

     (e)  The word "including", or similar parts of speech, does not limit the
          kinds of things that may be included.

     (f)  No part of this Agreement may be construed adversely to a Party on the
          basis that that Party was responsible for preparing that part of this
          Agreement.

2.   LICENCE FOR AUSTRALASIA

     GRANT OF LICENCE FOR PLAY FOR FUN PRODUCTS IN AUSTRALASIA

2.1  Subject to TWTVA's timely payment of all license fees and other sums due
     hereunder, Zone4Play hereby grants to TWTVA the exclusive, non-transferable
     (except as set forth in clause 12.2), non-sublicensable (except as set
     forth in clause 2.2(e)) right and licence to distribute, market and promote
     Zone4Play's Intellectual Property only in connection with the Play for Fun
     Products to Operators in Australasia during the Term (the "PLAY FOR FUN
     PRODUCT LICENCE").

2.2  The Play For Fun Product Licence:

     (a)  is exclusive, so that Zone4Play may not itself, nor permit any other
          third party to, exploit or use its Intellectual Property in connection
          with the Play for Fun Products in Australasia, unless expressly
          permitted in writing to do so by TWTVA;

     (b)  is transferable only in accordance with clause 12.2 of this Agreement;

     (c)  allows TWTVA to use, combine, develop, modify and make available to
          Operators the Intellectual Property in connection with the Play for
          Fun Products within Australasia;

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     (d)  allows TWTVA to exercise its rights in relation to Zone4Play's
          Intellectual Property and the Play for Fun Products on any
          distribution method or platform, whether digital or analog, including
          any form of television, mobile telephony or computer-based
          transmission compatible with the Play for Fun Products (whether now
          known or developed at any time during the Term); and

     (e)  allows TWTVA to further sublicense the Intellectual Property in
          connection with Play for Fun Products on a case by case basis as
          expressly permitted by Zone4Play in writing (such permission not to be
          unreasonably withheld).

     GRANT OF LICENSE FOR PLAY FOR REAL PRODUCTS IN AUSTRALASIA

2.3  Subject to TWTVA's timely payment of all license fees and other sums due
     hereunder, Zone4Play hereby grants to TWTVA the exclusive, non-transferable
     (except as set forth in clause 12.2), non-sublicensable (except as set
     forth in clause 2.4(e) right and licence to distribute, market and promote
     Zone4Play's Intellectual Property only in connection with the Play For Real
     Products to Operators in Australasia during the Term (the "Play For Real
     Product Licence").

2.4  The Play For Real Product Licence:

     (a)  is exclusive, so that Zone4Play may not itself, nor permit any other
          third party to, exploit or use Zone4Play's Intellectual Property in
          connection with the Play for Real Products in Australasia, unless
          expressly permitted in writing to do so by TWTVA;

     (b)  is transferable only in accordance with clause 12.2 of this Agreement;

     (c)  allows TWTVA to use, combine, and make available to Operators the
          Intellectual Property in connection with the Play for Real Products
          within Australasia;

     (d)  allows TWTVA to exercise its rights in relation to Zone4Play's
          Intellectual Property and the Play for Real Products on any
          distribution method or platform, whether digital or analog, including
          any form of television, mobile telephony or computer-based
          transmission compatible with the Play for Real Products (whether now
          known or developed at any time during the Term); and

     (e)  allows TWTVA to further sublicense the Intellectual Property in
          connection with Play for Real Products upon as case by case basis as
          permitted by Zone4Play in writing (such permission not to be
          unreasonably withheld).

     GENERAL PROVISIONS OF THE LICENCE

2.5  Zone4Play acknowledges that it has no rights of any kind in relation to
     work performed or property developed or used by TWTVA which does not
     directly or indirectly make use of the Products, Zone4Play's Intellectual
     Property or Zone4Play's Confidential Information. Except for the limited
     license rights expressly granted to TWTVA under this clause 2, Zone4Play
     retains all right, title and interest in and to the Products, Zone4Play's
     Intellectual Property and Zone4Play's Confidential Information.

2.6  Modifications and improvements made to Zone4Play's Intellectual Property by
     TWTVA or any of its permitted sublicensees shall be owned jointly by
     Zone4Play and TWTVA.

2.7  As Zone4Play develops further Products during the Term, such Products will
     be provided to TWTVA under the appropriate license grant of this clause 2,
     for no additional up-front payment (subject to clause 2.9) and on the terms
     and conditions of this Agreement (including clauses 5.1 to 5.8).

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2.8  TWTVA and its Affiliates shall not without Zone4Play's prior written
     consent or as otherwise expressly set forth in this Agreement: (i) sell,
     rent, lease, sublicense or otherwise transfer, distribute or otherwise make
     available Zone4Play's Intellectual Property, the Products or Zone4Play's
     Confidential Information to any third party; (ii) modify, translate,
     reverse engineer, decompile or disassemble Zone4Play's Intellectual
     Property, the Products or Zone4Play's Confidential Information (except to
     the extent permitted under clause 2.2.); (iii) create derivative works
     based upon Zone4Play's Intellectual Property, the Products or Zone4Play's
     Confidential Information (except to the extent permitted under clause 2.2;
     or (iv) alter, destroy or otherwise remove any proprietary notices or
     labels on or embedded within Zone4Play's Intellectual Property, the
     Products or Zone4Play's Confidential Information.

     THIRD PARTY RIGHTS

2.9  Where a third party has licensed rights to Zone4Play in relation to Play
     For Fun Products licensed hereunder, TWTVA shall pay all upfront costs (if
     any) of obtaining those third party rights in Australasia where those costs
     are agreed in advance by TWTVA. Zone4Play shall bear the costs of any
     revenue-share based payments to such third parties, and such costs will not
     be added to the Variable Licence Fee payable by TWTVA under clause 5.1.

2.10 If Zone4Play is conducting discussions with third parties for deployment of
     any element of Zone4Play's Intellectual Property in Australasia, Zone4Play
     must advise such third parties at the commencement of such discussions of
     the nature of TWTVA's rights pursuant to the Licence.

2.11 At the time Zone4Play commences negotiations for third party rights in
     Zone4Play's sole discretion, and at the time Zone4Play concludes those
     negotiations, Zone4Play will:

     (a)  inform TWTVA, and keep TWTVA informed at all times, of the nature of
          the third party rights so long as such disclosure of information to
          TWTVA shall not cause Zone4Play to breach any of its confidentiality
          obligations with such third party, and

     (b)  use its commercially reasonable, best efforts to obtain the benefit of
          those rights for use by TWTVA on the best commercial terms available.

2.12 Before concluding negotiations with third parties on rights fees for
     Australasia, Zone4Play must inform TWTVA of the proposed deal and may offer
     TWTVA the opportunity to negotiate directly with the third party in
     Zone4Play's sole discretion. All such agreements between TWTVA and third
     parties will be subject to Zone4Play's approval, such approval not to be
     unreasonably withheld.

2.13 Should Zone4Play develop applications of its Intellectual Property in
     conjunction with third parties, Zone4Play must use all commercially
     reasonable efforts to ensure that the rights to such applications are not
     granted to such third parties for exploitation in connection with the Play
     For Fun Products in the Territory.

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3.   INSTALLATION, OPERATION, SUPPORT AND ASSISTANCE

     PLAY FOR FUN PRODUCTS

3.1  Sixty (60) days following execution of this Agreement, Zone4Play will
     supply TWTVA with functional specifications, graphical material and any
     other documentation for the Play For Fun Products, whether they use Open TV
     or Power TV or any other code.

3.2  TWTVA will provide Zone4Play with the specifications for set-top boxes used
     in Australasia. Zone4Play must use every commercially reasonable effort to
     provide TWTVA with versions of its Products (including games and underlying
     technology) which are compliant with, and will operate on, those set-top
     boxes within a reasonable period (to be agreed between the Parties) after
     TWTVA provides the set-top box specifications.

3.3  Once TWTVA signs a deal with an Operator in Australasia, Zone4Play will
     supply TWTVA with all tools and background technology necessary to deploy
     Products with that Operator, including all necessary hardware and software.

3.4  TWTVA will be in charge of integrating the Play for Fun Products into the
     Australasian broadcast and mobile platforms and making any adjustments, if
     needed. However, in relation to such integration and adjustment, Zone4Play
     will provide consulting services and advice to TWTVA at no additional cost
     (if reasonably required by TWTVA).

3.5  If TWTVA wishes Zone4Play to assist in porting the Power TV applications to
     the Open TV platform, Zone4Play will provide all assistance reasonably
     requested by TWTVA, including the sending of two people to Australia for
     two weeks (including all airfares, accommodation and technical effort),
     plus any reasonable further ongoing assistance that TWTVA needs in porting
     applications. TWTVA will pay Zone4Play an additional once only amount of
     US$50,000 for this process if TWTVA so requests.

3.6  If TWTVA wishes to supply Zone4Play's multiplayer iTV games to Operators in
     Australasia, Zone4Play will install the required designated server (which
     will service all customers) at TWTVA's premises. TWTVA will pay Zone4Play
     US$35,000 for expenses to install that initial service (including travel
     and accommodation expenses, one (1) designated server with accompanying
     software, and integration). If an Operator requires additional servers
     and/or other hardware, then the Operator will pay for that additional
     hardware, or (at the request of TWTVA) Zone4Play will supply the additional
     hardware at the lowest cost possible at that time and TWTVA will reimburse
     Zone4Play for all such hardware. Zone4Play will provide TWTVA with a full
     specification for the multiplayer games engine.

3.7  If TWTVA wishes to launch Zone4Play's SMS-TV solutions, based on the MixTV
     server system, in Australasia, then Zone4Play will install the required
     designated server (which will service all customers) at TWTVA's premises.
     TWTVA will pay Zone4Play US$35,000 for expenses to install that initial
     service (including travel and accommodation expenses, one (1) designated
     server with accompanying software, and integration). If an Operator
     requires additional servers and/or other hardware, then the Operator will
     pay for that additional hardware, or (at the request of TWTVA) Zone4Play
     will supply the additional hardware at the lowest cost possible at that
     time and TWTVA will reimburse Zone4Play for all such hardware.

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     PLAY FOR REAL PRODUCTS IN AUSTRALASIA

3.8  Once an agreement with an Operator for a Play For Real Product is in place,
     Zone4Play will supply, install and integrate a completed solution at no
     additional cost (subject to clause 3.9), including:

     (a)  iTV and/or SMS-TV and/or mobile development and deployment of
          applications;

     (b)  Enabling technologies:

          (i)  MixTV servers to support SMS-TV applications;

          (ii) ZoneITS server to support iTV applications;

          (iii) ZoneITS server to support mobile applications; and

     (c)  third party back office integration with the Operator and any
          additional Operator involved in the delivery of the Product to end
          users (eg. where the agreement is signed with a gambling Operator, a
          broadcaster or mobile Operator may also be involved).

3.9  For each gambling Operator in Australasia who licenses a Play for Real
     Product, Zone4Play will receive a one time fee of US$35,000 for expenses to
     install the Product (regardless of the number of Products taken by that
     Operator). This fee will cover one (1) designated server with accompanying
     software, travel and accommodation expenses, and all integration work that
     is required. If an Operator requires additional servers and/or other
     hardware, then the Operator will pay for that additional hardware, or (at
     the request of TWTVA) Zone4Play will supply the additional hardware at the
     lowest cost possible at that time and TWTVA will reimburse Zone4Play for
     all such hardware.

3.10 TWTVA will be in charge of managing all aspects of the Play for Real
     Products (including but not limited to customer service) once the Product
     is installed and integrated.

     SOURCE CODE AND ESCROW

3.11 Zone4Play will provide source code for the Products to TWTVA, where that
     source code can reasonably be considered fundamental to the efficient
     day-to-day operation of the Products licensed to TWTVA. Zone4Play will
     supply source code in sufficient time to enable the timely deployment of
     Products in accordance with deals that TWTVA enters into pursuant to the
     Licence.

3.12 Zone4Play shall place into escrow the source code for the Products (in
     addition to the source code supplied under clause 3.12) together with all
     source code and technologies used in any deployments by Zone4Play under
     this Agreement (including back-end technologies) ("Escrow Materials").
     Zone4Play shall establish the escrow account with TWTVA's consent, and
     TWTVA shall pay all associated escrow fees. TWTVA shall not use the Escrow
     Materials unless and until a Release Condition occurs and the Escrow
     Materials are released to TWTVA by the escrow agent. As used in this
     Agreement, "Release Condition" shall mean any of the following events that
     have occurred and that have not been cured by Zone4Play within thirty (30)
     business days following written notice from TWTVA and TWTVA is not
     otherwise in default of this Agreement: (i) the voluntary or involuntary
     filing of a petition in bankruptcy by Zone4Play or the initiation of any
     proceeding under any bankruptcy or insolvency laws for the purpose of
     Zone4Play's bankruptcy, reorganization (other than reorganisation while
     solvent) or liquidation, (ii) Zone4Play becomes insolvent, or (iii)
     Zone4Play ceases to do business in the ordinary course of business without
     a successor or assignee.

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3.13 The Parties will sign an escrow agreement with an agreed escrow provider
     located in the United Kingdom. Subject to clause 3.11 above, the escrow
     agreement will include standard terms and conditions allowing TWTVA to
     access and use the source code and technologies in the event of a Release
     Conditionand strictly in accordance with the purpose of this Agreement.

     GENERAL ASSISTANCE

3.14 Zone4Play will supply TWTVA with all technical assistance reasonably
     requested by TWTVA in order to use or commercially exploit Zone4Play's
     Intellectual Property in the Territory, pursuant to the terms of this
     Agreement. Such assistance will be provided at no cost for reasonable
     general consulting and advice, and on a verifiable pure cost basis beyond
     that (apart from the pre-agreed fixed costs payable under clauses 3.5, 3.6,
     3.7 and 3.9). Such costs will be agreed on by the Parties in advance in
     writing and calculated on the following basis:

     (a)  For the time incurred by technical or other personnel in providing
          assistance - the pro rata amount of the actual salary paid by
          Zone4Play to those personnel, calculated on an hourly rate.

     (b)  For airfares and accommodation - economy class air travel and
          three-star accommodation.

     (c)  For travel expenses - a reasonable per diem will be paid, which will
          vary depending on the country of travel, consistent with the
          arrangements made by TWTVA for its own personnel.

3.15 Zone4Play will provide TWTVA with receipts or other documentation required
     by TWTVA to verify the costs payable under clause 3.13.

3.16 Zone4Play will use every commercially reasonable effort to supply all new
     iTV Products (both Play for Fun and Play for Real) using Open TV code.

4.   FIRST AND LAST MATCHING RIGHTS FOR ASIA

     RIGHT OF FIRST REFUSAL

4.1  If Zone4Play is considering, or is approached by a third party in relation
     to, any Proposed Arrangement, then Zone4Play must hold good faith
     discussions with TWTVA for a period of 15 Business Days (the "EXCLUSIVE
     NEGOTIATION PERIOD"), prior to holding any discussions with such third
     parties.

4.2  As part of the good faith discussions required by clause 4.1, Zone4Play
     must:

     (a)  Provide sufficient detail to allow TWTVA to assess the Proposed
          Arrangement consistent with Zone4Play's confidentiality obligations
          with such third parties; and

     (b)  Make available decision makers with authority to conclude binding
          terms with TWTVA, within the Exclusive Negotiation Period, in relation
          to the Proposed Arrangement.

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4.3  If Zone4Play wishes to proceed with a Proposed Arrangement after the end of
     the Exclusive Negotiation Period, then unless the Parties otherwise agree
     in writing, Zone4Play must make a written offer to TWTVA ("FIRST OFFER")
     setting out the terms on which TWTVA may enter into the Proposed
     Arrangement.

4.4  The First Offer must:

     (a)  Provide sufficient detail to allow TWTVA to have a reasonable
          opportunity to assess the First Offer;

     (b)  Include details of commercial terms, including fees, costs, and
          revenue share; and

     (c)  Include details of duration and any extensions.

4.5  TWTVA may accept or reject the First Offer within a period of 10 Business
     Days (the "FIRST OFFER PERIOD").

4.6  If TWTVA does not accept the First Offer within the First Offer Period,
     Zone4Play shall have the right to discuss the Proposed Arrangement with
     bona fide third parties, on an arms-length basis, for a period of up to 15
     Business Days after the First Offer Period.

4.7  If Zone4Play wishes to enter the Proposed Arrangement with a third party,
     whether on the terms of the First Offer or on any other terms, then prior
     to doing so Zone4Play must make a further written offer to TWTVA ("LAST
     OFFER").

4.8  The Last Offer must:

     (a)  Identify the third party so long as revealing the identity of such
          third party shall not cause Zone4Play to breach its obligations of
          confidentiality with such third party; (Zone4Play must use reasonable
          efforts to avoid incurring any obligations of confidentiality that
          would prevent Zone4Play from revealing the identity of the third party
          to TWTVA);

     (b)  Include verification from an Independent Assessor, at TWTVA's expense,
          to confirm that the offer to (or from) the third party is genuine;

     (c)  Provide sufficient detail to allow TWTVA to have a reasonable
          opportunity to assess the Last Offer;

     (d)  Include details of commercial terms, including fees, costs, and
          revenue share; and

     (e)  Include details of duration and any extensions.

4.9  TWTVA must accept or reject the Last Offer within a period of 10 Business
     Days (the "LAST OFFER PERIOD").

4.10 If TWTVA does not accept the Last Offer within the Last Offer Period, then
     Zone4Play shall have the right in its sole discretion to enter into the
     Proposed Arrangement with the third party named in the Last Offer, on terms
     identical or better to Zone4Play to those in the Last Offer.

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4.11 If Zone4Play wishes to vary in any material respect the terms of the Last
     Offer, or to enter into the Proposed Arrangement with a different third
     party, then before doing so Zone4Play must again follow the procedure set
     out in clauses 4.6 to 4.9.

4.12 If Zone4Play enters into the Proposed Arrangement with a third party, then
     Zone4Play warrants and undertakes that, for a period of two years after its
     commencement, the terms of the Proposed Arrangement will not be varied in
     any material respect from those set out in the Last Offer most recently put
     to TWTVA.

4.13 At any time within the two year period set out in clause 4.12 and upon a 30
     day notice to Zone4Play, TWTVA may request that an Independent Assessor, at
     TWTVA's expense, be given access, on a strictly confidential basis and
     subject to confidentiality provisions signed by the Independent Assessor
     for this purpose, to all information relevant to the third party contract,
     in order to advise TWTVA whether the terms of the Proposed Arrangement have
     been varied.

4.14 If the terms of the Proposed Arrangement have been varied materially in
     favour of any third party from those set out in the Last Offer, then the
     parties agree that TWTVA will be entitled to monetary compensation from
     Zone4Play, including compensation for loss of opportunity, in addition to
     any other remedies available to TWTVA.

4.15 The monetary compensation payable under clause 4.14 will be determined by
     an independent expert appointed by the President of the Institute of
     Chartered Accountants in England and Wales, whose decision will be binding
     upon the parties. In making his determination the independent expert must
     act as an expert, not an arbiter, and must take into account:

     (a)  the terms of the original offer made to TWTVA,

     (b)  the varied terms agreed with the third party, and

     (c)  the revenue, profits and asset value generated by the third party.

4.16 In addition to seeking monetary compensation under clause 4.13, TWTVA may
     require Zone4Play to enter into an arrangement with TWTVA on identical
     terms to those agreed with the third party, except that the arrangement
     will be non-exclusive.

     GENERAL

4.17 Zone4Play must follow the procedure set out in clauses 4.1 to 4.16 in
     relation to each and every Proposed Arrangement in Asia that Zone4Play
     wishes to enter into during the Term.

4.18 TWTVA is permitted to discuss Proposed Arrangements with third parties in
     Asia during the Term, on the basis that such proposals will be referred
     back to Zone4Play.

5.   FEES

     PLAY FOR FUN PRODUCTS

5.1  In consideration of the licenses granted hereunder relating to Play for Fun
     Products, TWTVA will pay the following fees to Zone4Play:

     (a)  A "FIXED LICENCE FEE" of US$50,000 per annum, which TWTVA may recoup
          against the Variable Licence Fee in accordance with clause 5.2; and

                                       11
<PAGE>

     (b)  A "VARIABLE LICENCE FEE" of 25% of Revenue from Play for Fun Products
          (subject to clause 5.2).

5.2  The Fixed Licence Fee under clause 5.1(a) is recoupable in the year in
     which it is paid against the Variable Licence Fee under clause 5.1(b), on
     the basis that in each calendar year that TWTVA earns Revenue from Play for
     Fun applications, TWTVA will pay Zone4Play 12.5% of Revenue, and the other
     12.5% of Revenue will be credited against the Fixed Licence Fee paid for
     the current calendar year until the total amount credited reaches
     US$50,000. Thereafter in each calendar year, once the Fixed Licence Fee has
     been recouped, the payment will increase to 25% of all additional Revenue.

5.3  Within one month of the end of each half-year (on 30 December and 30 June)
     during the Term, TWTVA will calculate the Revenue it has received from
     deployment of Play for Fun Products in the preceding six months to 30
     December or 30 June (as applicable), and calculate the Variable Licence
     Fees payable (if any). These Variable Licence Fees will be paid to
     Zone4Play within one month after the calculation is finalised.

5.4  The Parties acknowledge that, as at the date of this Agreement, TWTVA
     operates subscription games channels which are provided to pay television
     Operators in Australasia, in return for monthly payments. These channels
     may include games developed by TWTVA, or licensed to TWTVA by third
     parties. "Revenue" will be calculated on the basis that the total monthly
     sum received by TWTVA from the pay television Operator for the games
     channel will be divided up in the same proportion as the proportion of
     games that use Zone4Play's Intellectual Property bear to the other games
     included in the games channel in that particular month. For example, if the
     games channel includes five games in total in a particular month, and games
     using Zone4Play's Intellectual Property make up two of those games, then
     Revenue will calculated as two-fifths of the total monthly sum received by
     TWTVA from the pay television Operator for that games channel. This same
     formula will apply to any similar channels which TWTVA may deploy on other
     distribution methods or platforms provided that these are only on a
     subscription basis model.

     PLAY FOR REAL PRODUCTS

5.5  In consideration of the licenses granted hereunder relating to Play for
     Real Products, TWTVA will pay the following fees to Zone4Play:

     (a)  A "FIXED LICENCE FEE" of US$100,000 per annum for iTV and SMS-TV, and
          US$100,000 for mobile (total US$200,000 - subject to increase in
          accordance with clause 5.6), which TWTVA may recoup against the
          Variable Licence Fee in accordance with clause 5.7; and

     (b)  A "VARIABLE LICENCE FEE" of 50% of Revenue from Play for Real Products
          (subject to clause 5.7).

5.6  If changes to legislation in Australia allow TWTVA to deploy Play for Real
     Products which are currently banned ("ILLEGAL SERVICES"), then the Fixed
     Licence Fee will increase according to the following mechanism:

     (a)  If one type of Illegal Service is approved by legislation, the total
          Fixed Licence Fee will increase to US$275,000 per annum; and

     (b)  If two or more types of Illegal Services are approved by legislation,
          the total Fixed Licence Fee will increase to US$350,000 per annum.

                                       12
<PAGE>

     The increase in Fixed Licence Fee will apply from the date that the
     legislation enters into force, on a pro rata basis for the remainder of
     that year, and then for the remainder of the Term.

5.7  The Fixed Licence Fee under clause 5.5(a) is recoupable in the year in
     which it is paid against the Variable Licence Fee under clause 5.5(b), on
     the basis that in each year that TWTVA earns Revenue from Play for Real
     Products, TWTVA will pay Zone4Play 25% of Revenue, and the other 25% of
     Revenue will be credited against the Fixed Licence Fee paid for the current
     calendar year until the total amount credited reaches the then-current
     Fixed Licence Fee (which may be US$200,000 or US$275,000 or US$350,000).
     Thereafter in each year, once the Fixed Licence Fee has been recouped, the
     payment will increase to 50% of all additional Revenue.

5.8  Within one month of the end of each quarter (commencing 1 July 2005) during
     the Term, TWTVA will calculate the Revenue it has received from deployment
     of Play for Real Products in the preceding calendar month, and calculate
     the Variable Licence Fees payable (if any). These Variable Licence Fees
     will be paid to Zone4Play within one month after the calculation is
     finalised.

     FIRST AND LAST MATCHING RIGHTS FEE

5.9  In consideration of the grant of the First and Last Matching Rights, TWTVA
     will pay the following fees to Zone4Play, subject to any deductions in
     accordance with clause 5.10:

     (a)  the "FIRST AND LAST MATCHING RIGHTS FEE" of US$100,000 per annum; and

     (b)  the fees agreed between the Parties in accordance with any
          arrangements entered into between the Parties to exploit Zone4Play's
          Intellectual Property in Asia.

5.10 The First and Last Matching Rights Fee, and any fixed annual fees agreed
     under clause 5.9(b), are recoupable by TWTVA against any variable fees
     (based on revenue share) paid by TWTVA to Zone4Play in the year in which
     the revenue share is earned, at rates to be agreed between the Parties in
     any deals which are done pursuant to the First and Last Matching Rights.

     FIRST PAYMENT AND SUBSEQUENT PAYMENTS

5.11 Within 10 Business Days following the execution of this Agreement, TWTVA
     will pay Zone4Play the sum of US$116,666.67, in respect of the four (4)
     months of June 2005 and the July-September quarter of 2005. (This payment
     is calculated as 4/12 of US$350,000, which is the total of the Fixed
     Licence Fees for Play for Fun Products and Play for Real Products, and the
     First and Last Matching Rights Fee).

5.12 From 1 September 2005, the Fixed Licence Fees for Play for Fun Products and
     Play for Real Products, and the First and Last Matching Rights Fee, will be
     paid quarterly in advance. The total quarterly payment will be US$87,500
     (calculated as 3/12 of US$350,000).

5.13 The final quarterly payments under clause 5.12 during the Term will be
     reduced to reflect the fact that those payments will relate to only two
     months, not three months.

5.14 All payments under this Agreement will be made promptly to a bank account
     nominated by Zone4Play and in accordance with the procedures agreed between
     the Parties. Zone4Play will provide TWTVA with an invoice five Business
     Days before each quarterly payment is due under clause 5.12.

                                       13
<PAGE>

5.15 Late payments. Any payment not received by Zone4Play within ten (10)
     Business Days of its due date shall be considered Late Payment.

5.16 In the event of Late Payment, Zone4Play shall issue a reminder to TWTVA
     demanding the payment due (hereinafter: "Reminder"). Failure to pay the
     Late Payment within ten (10) Business Days of receipt of the Reminder shall
     be considered a material breach of this Agreement and shall entitle
     Zone4Play to immediate termination of this Agreement in addition to any
     other remedy at law.

     FEES FOR HARDWARE, SOFTWARE AND SUPPORT

5.17 Where Zone4Play is supplying hardware, software and on site assistance,
     TWTVA will pay for this 25% in advance, 25% when the goods/people arrive in
     the relevant territory, and the balance within 14 days of completion (with
     invoice).

6.   TAX

6.1  The fees due under this Agreement:

     (a)  subject to paragraph (b), are exclusive of any value added or other
          taxes, which TWTVA will pay in addition to the fees, provided that
          Zone4Play gives TWTVA an appropriate tax invoice;

     (b)  must be paid without taxes that may be imposed, except for deductions
          required by law (including, without limitation, any withholding tax
          deductions required in the Territory). For the avoidance of doubt,
          TWTVA is entitled to deduct any withholding tax applicable on any fees
          payable under this Agreement. TWTVA will provide Zone4Play with
          appropriate certification in respect of such deductions.

     The Parties agree to co-operate in all respects necessary to take advantage
     of such double taxation agreements as may be available and to minimise the
     deductions to be made out of the fees to be paid to Zone4Play under this
     Agreement.

7.   INFORMATION REQUIREMENTS

7.1  Zone4Play agrees, during the Term, to:

     (a)  Supply, at no extra cost, all reasonable assistance requested by TWTVA
          to assist TWTVA to distribute, market and promote the Products ,
          including up to date product lists, marketing materials, demos, DVDs,
          CD-ROMs, screen grabs, specifications and press kits.

     (b)  Advise TWTVA, on a monthly basis, of content plans involving planned
          or completed applications of Zone4Play Intellectual Property (such as
          gambling or other applications) within the United Kingdom and
          elsewhere.

     (c)  Notify TWTVA, on a monthly basis, of any updates to Zone4Play's
          product catalogue, and provide TWTVA with copies of it in the form in
          which it exists from time to time.

     (d)  Notify TWTVA in a timely manner of any developments and updates of
          Zone4Play's applications for non-television technologies, including
          mobile telephones or PDAs, and supply TWTVA with copies of any such
          applications should TWTVA so request.

                                       14
<PAGE>

     (e)  Advise TWTVA in a timely manner of the details of any patent
          registrations or new, significant Intellectual Property developed,
          owned or claimed by Zone4Play as such Intellectual Property relates to
          the Products licensed under this Agreement and TWTVA agrees to treat
          such details as Zone4Play Confidential Information.

     (f)  Provide TWTVA, on an on-going basis, with copies of media conference
          materials and presentation kits as used by Zone4Play at conferences
          and media events, along with soft copies of any press releases.

7.2  TWTVA agrees, during the Term, to:

     (a)  Conduct business in a manner that reflects favorably on Zone4Play, the
          Products, the Zone4Play trademarks, the Intellectual Property and good
          name;

     (b)  Avoid deceptive, misleading, or unethical practices that are or might
          be detrimental to Zone4Play, the Products, the Zone4Play trademarks,
          the Intellectual Property and good name, including, but not limited to
          disparagement of Zone4Play, the Products, the Zone4Play trademarks,
          the Intellectual Property and good name;

     (c)  Make no false or misleading representations with respect to Zone4Play,
          the Products, the Zone4Play trademarks and the Intellectual Property;

     (d)  Not publish or use any misleading or deceptive advertising materials
          with respect to the Products, the Zone4Play trademarks and the
          Intellectual Property;

     (e)  Make no representations or warranties with respect to the Products,
          the Zone4Play trademarks and the Intellectual Property that are
          inconsistent with or expand the scope of those made by Zone4Play,
          including any warranties or disclaimers by Zone4Play;

     (f)  Conduct itself in a professional, skilled manner and act in accordance
          with the terms and conditions of this Agreement; and

     (g)  Use its commercially reasonable best efforts to distribute, market and
          promote the Products and solicit orders from Operators for the
          Products and to realize the maximum sales potential for the Products
          in the Territory.

8.   TERM AND TERMINATION

8.1  This Agreement will remain in force for the Initial Term and, if TWTVA
     exercises one or more of the Options, for the Option Term.

     OPTIONS

8.2  TWTVA has options to renew this Agreement for the Option Term in relation
     to each of:

     (a)  Play for Fun Products in Australasia;

     (b)  Play for Real Products in Australasia; and

     (c)  First and Last Matching Rights for Asia.

                                       15
<PAGE>

8.3  TWTVA may exercise one or more of the Options by giving notice in writing
     to Zone4Play in relation to each Option not more than six months, and not
     less than three months, prior to the expiry of the Initial Term.

8.4  If TWTVA chooses to exercise one or more of the Options, then this
     Agreement continues in force for the Option Term in relation to the
     following relevant provisions that are applicable to the particular Options
     which have been exercised:

     (a)  Play for Fun Products in Australasia - clauses 1, 2.1-2.2, 2.5-2.13,
          3.1-3.7, 3.11-3.16, 5.1-5.4, 5.12-5.17, 6, 7, 8.1, 8.4-8.8, 9, 10, 11,
          12 and 13;

     (b)  Play for Real Products in Australasia - clauses 1, 2.3-2.13, 3.8-3.16,
          5.5-5.8, 5.12-5.17, 6, 7, 8.1, 8.4-8.8, 9, 10, 11, 12 and 13; and

     (c)  First and Last Matching Rights for Asia - clauses 1, 3.11-3.16, 4,
          5.9-5.10, 5.12-5.17, 6, 7, 8.1, 8.4-8.8, 9, 10, 11, 12 and 13.

     TERMINATION

8.5  Either Party may terminate this Agreement by giving 20 Business Days'
     written notice to the other Party if:

     (a)  the other Party becomes insolvent, or appears on reasonable grounds to
          be unable to pay its debts as and when they fall due; or

     (b)  if any resolution is passed (other than for the purposes of a solvent
          reorganisation) or order granted by a court of competent jurisdiction
          to wind up the other Party and any such order is not discharged within
          30 days;

     (c)  a receiver is appointed over a substantial part of the undertaking of
          the other Party (other than for the purpose of a solvent
          reorganisation) and such appointment is not vacated within 60 days; or

     (d)  the other Party breaches a material provision of the Agreement and
          fails to correct the breach after twenty Business Days' notice.

8.6  TWTVA may terminate this Agreement by giving 20 Business Days' written
     notice to Zone4Play if Zone4Play ceases to become entitled to grant a
     licence in respect of a material element of the Intellectual Property which
     TWTVA was previously entitled to use in accordance with the terms of the
     Licence. Without limitation, this includes where Zone4Play ceases to become
     entitled to grant a licence in respect of a significant number of the
     gambling applications which Zone4Play owns as of the Commencement Date.

     CONSEQUENCES OF TERMINATION

8.7  Except as otherwise set forth in clause 8.8 below, upon termination of this
     Agreement: (i) the licenses granted hereunder and all other provisions of
     this Agreement shall be terminated and TWTVA shall immediately cease using
     the Intellectual Property, the Products and Zone4Play's Confidential
     Information, (ii) upon the Discloser's written request, the Recipient shall
     immediately return all Confidential Information to the Discloser, and (iii)
     TWTVA shall pay all accrued license fees and other sums due and owing and
     all such license fees and other sums shall be due and payable within thirty
     (30) days of the end of the calendar quarter in which the date of
     termination occurred.

                                       16
<PAGE>

8.8  TWTVA shall be entitled to use Zone4Play Intellectual Property which it is
     then currently using as part of its business in Australasia as set forth
     under the terms of this Agreement for a period of two (2) months from the
     date this Agreement is terminated, provided that: (i) TWTVA continues to
     pay the fees which are payable under clauses 5.1-5.8; and (ii) TWTVA is not
     otherwise in breach of this Agreement.

9.   LIMITED WARRANTY, EXCLUSION OF CONSEQUENTIAL DAMAGES, AND THIRD PARTY
     PRODUCTS

9.1  Zone4Play warrants that:

     (a)  It owns the Intellectual Property and is entitled to grant the Licence
          to TWTVA under the terms of this Agreement; and

     (b)  TWTVA's use of the Intellectual Property under the terms of this
          Agreement will not infringe any of the intellectual property rights of
          any third parties.

9.2  EXCEPT AS SET FORTH IN CLAUSE 9.1 ABOVE, ZONE4PLAY MAKES NO OTHER
     REPRESENTATIONS OR WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED
     (EITHER IN FACT, STATUTORY OR BY OPERATION OF LAW) WITH RESPECT TO THE
     PRODUCTS, INTELLECTUAL PROPERTY OR CONFIDENTIAL INFORMATION, INCLUDING, BUT
     NOT LIMITED TO, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE,
     NON-INFRINGEMENT, MISAPPROPRIATION OF INTELLECTUAL PROPERTY RIGHTS OF A
     THIRD PARTY AND SUITABILITY, ALL OF WHICH ARE EXPRESSLY DISCLAIMED.

9.3  The Parties will provide reasonable assistance and co-operation to each
     other if a third party alleges that the exercise of the rights granted to
     TWTVA under this Agreement infringes on the intellectual property rights of
     that third party, including assisting with litigation against the other
     Party if requested by that Party and at the expense of the requesting
     Party.

9.4  Zone4Play may provide third party products to TWTVA in the nature of Open
     Source Software. Notwithstanding any language to the contrary in this
     Agreement, all such Open Source Software is provided hereunder "AS IS" and
     without any warranty of any kind. ZONE4PLAY AND ITS LICENSORS MAKE NO
     REPRESENTATIONS OR WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED
     (EITHER IN FACT, STATUTORY OR BY OPERATION OF LAW) WITH RESPECT TO THE OPEN
     SOURCE SOFTWARE, INCLUDING, BUT NOT LIMITED TO, MERCHANTABILITY, FITNESS
     FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, MISAPPROPRIATION OF
     INTELLECTUAL PROPERTY RIGHTS OF A THIRD PARTY AND SUITABILITY, ALL OF WHICH
     ARE EXPRESSLY DISCLAIMED. For purposes of this Agreement, "Open Source
     Software" means any software, programming, or other intellectual property
     that is subject to: (i) the GNU General Public License, GNU Lesser General
     Public License or any similar license, including, but not limited to, those
     licenses listed at www.opensource.org or (ii) any agreement with terms
     requiring any intellectual property owned or licensed by Zone4Play to be:
     (a) disclosed or distributed in source code or object code form; (b)
     licensed for the purpose of making derivative works; or (c)
     redistributable.

                                       17
<PAGE>

9.5  EXCEPT FOR A PARTY'S UNAUTHORIZED USE OF THE OTHER PARTY'S INTELLECTUAL
     PROPERTY OR CONFIDENTIAL INFORMATION OR IN THE CASE OF TWTVA'S
     INDEMNIFICATION OBLIGATIONS UNDER CLAUSE 9.6(b) AND ZONE4PLAY'S
     INDEMNIFICATION OBLIGATIONS UNDER CLAUSES 9.7(b) AND 9.7(c) WHICH LIABILITY
     SHALL BE UNLIMITED, IN NO EVENT SHALL EITHER PARTY'S TOTAL AGGREGATE
     LIABILITY ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE PRODUCTS, THE
     INTELLECTUAL PROPERTY, CONFIDENTIAL INFORMATION, ANY SOFTWARE LICENSE OR
     SERVICE (INCLUDING, BUT NOT LIMITED TO, CLAIMS FOR NEGLIGENCE, STRICT
     LIABILITY, BREACH OF CONTRACT, MISREPRESENTATION, INFRINGEMENT OR OTHER
     CONTRACT OR TORT CLAIMS) EXCEED THE AMOUNT OF DAMAGES ACTUALLY INCURRED UP
     TO THE AMOUNT OF THE TOTAL FEES PAID BY TWTVA TO ZONE4PLAY FOR LICENSES
     DURING THE MOST RECENT 12 MONTH PERIOD. UNDER NO CIRCUMSTANCES SHALL EITHER
     PARTY BE LIABLE TO THE OTHER, END USERS OR ANY OTHER ENTITY OR THIRD PARTY
     FOR INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, PUNITIVE,
     RELIANCE OR COVER DAMAGES (INCLUDING LOST PROFITS, LOST SAVINGS AND
     STATUTORY DAMAGES) HOWEVER CAUSED AND ON ANY THEORY OF LIABILITY, EVEN IF
     ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

9.6  TWTVA shall indemnify, defend and hold Zone4Play harmless from and against
     any and all claims, losses, costs, damages and expenses (including
     reasonable legal expenses), resulting from or arising out of: (a) TWTVA's
     or its Affiliates' unauthorized use of Zone4Play's Intellectual Property or
     Zone4Play's Confidential Information or (b) any claim that Zone4Play's
     Intellectual Property or Zone4Play's Confidential Information or the use
     thereof infringes upon, misappropriates or violates any patents,
     copyrights, trade secret rights or other proprietary rights of a third
     party if such claim results from or relates to: (i) TWTVA's or its
     Affiliates' modification of Zone4Play's Intellectual Property or
     Zone4Play's Confidential Information which modification is not authorized
     in writing by Zone4Play, or (ii) in whole or in part results from or
     relates to the combination of Zone4Play's Intellectual Property or
     Zone4Play's Confidential Information with software, hardware or equipment
     not provided by Zone4Play if Zone4Play's Intellectual Property or
     Zone4Play's Confidential Information alone would not be the subject of such
     claim.

9.7  Zone4Play shall indemnify, defend and hold TWTVA harmless from and against
     any and all claims, losses, costs, damages and expenses (including
     reasonable legal expenses), resulting from or arising out of: (a)
     Zone4Play's or its Affiliates' unauthorized use of TWTVA's Confidential
     Information or (b) Zone4Play's breach of any material representation or
     warranty set forth in this Agreement or (c) any claim that Zone4Play's
     Intellectual Property or Zone4Play's Confidential Information or the use
     thereof infringes upon, misappropriates or violates any patents,
     copyrights, trade secret rights or other proprietary rights of a third
     party (in circumstances other than those set out in clause 9.6(b)).

10.  CONFIDENTIAL INFORMATION

10.1 The Parties acknowledge and agree that any Confidential Information is
     secret and confidential and that any Confidential Information disclosed by
     the Discloser is disclosed only for the purpose of the Discussions and in
     reliance on, and pursuant to, the terms of this Agreement.

10.2 All Confidential Information must be kept strictly secret and confidential
     by the Recipient who will treat all such Confidential Information with at
     least the same standard of care as the Recipient treats its own
     confidential information.

10.3 The Recipient will permit the Confidential Information to be disclosed only
     to those of its directors, officers and employees to whom disclosure is
     necessary for the purposes of the Discussions and will ensure that anyone
     to whom the Confidential Information is disclosed agrees to be bound by
     this Agreement and to refrain from disclosing the Confidential Information
     to any other person.

                                       18
<PAGE>

10.4 The Recipient will not disclose the Confidential Information to any third
     party, except on the terms and conditions of this Agreement and with the
     Discloser's prior written consent.

10.5 The Parties agree to bind each of their employees, agents, consultants,
     sub-contractors, professional advisers and any relevant contracted third
     parties, as a term of their respective engagement contracts, to keep
     confidential all information obtained under this Agreement.

10.6 DISCLOSURE REQUIRED TO COMPLY WITH LAW ETC

     The Recipient may disclose Confidential Information to the extent
     disclosure is required to comply with any applicable law or requirement of
     any regulatory body or government agency provided that the Recipient
     immediately gives notice to and consults with the Discloser and uses its
     best endeavours to minimise any such disclosure (and, if appropriate,
     co-operate with the Discloser in doing so) and to ensure that any
     Confidential Information so disclosed will be treated confidentially.

10.7 REMEDIES

     The Parties agree and acknowledge that:

     (a)  the Discloser is entitled to institute proceedings to restrain any
          breach or threatened breach of this Agreement and any unauthorised
          use, disclosure or divulgence of, or dealing in, any of the
          Confidential Information; and

     (b)  any violation or threatened violation of any provision of this
          Agreement would cause irreparable injury to the Discloser. The
          Discloser will be entitled to obtain urgent injunctive relief against
          a threatened breach of this Agreement or the continuation of any such
          breach without the necessity of proving actual damages. In addition,
          the Discloser will be entitled to any other remedies that may be
          available at law, in equity or otherwise.

11.  NOTICES

     (a)  A notice, consent or other communication under this Agreement is only
          effective if it is in writing, signed and either left at the
          addressee's address or sent to the addressee by mail or fax. If it is
          sent by mail, it is taken to have been received 5 Business Days after
          it is posted. If it is sent by fax, it is taken to have been received
          when the addressee actually receives it in full and in legible form.

     (b)  A person's address and fax number are those set out below, or as the
          person notifies the sender:

          TWTVA

          Address:     Level 3, 55 Pyrmont Bridge Road, Pyrmont NSW 2009
                       Australia
          Fax number:  (+612) 9017 7001
          Attention:   Company Secretary

          ZONE4PLAY INC.

          Address:     103 Foulk Road, Suite 202, Wilmington, Delaware

                            With copy to: Idan Miller

                                       19
<PAGE>

                       Zone4Play (Israel) Ltd.
                       Kyriat Atidim Bldg.2 P.O.Box 58070, Tel Aviv 61580,
                       Israel
          Fax number:  +972 (3) 647 2722

12.  AMENDMENT AND ASSIGNMENT

12.1 AMENDMENT

     This Agreement can only be amended, supplemented, replaced or novated by a
     subsequent agreement in writing signed by the Parties.

12.2 NO ASSIGNMENT

     Neither Party shall have the right to assign this Agreement without the
     prior written consent of the other Party, which consent shall not be
     unreasonably withheld or delayed; provided, however, that either Party may
     freely assign this Agreement to Affiliates or successors-in-interest or
     successors-in-title in the event of a merger, consolidation or acquisition
     of all or substantially all of the assets or business of such Party. This
     Agreement shall be binding upon and inure to the benefit of the successors
     and the permitted assigns of the respective Parties hereto.

13.  GENERAL

13.1 GOVERNING LAW

     (a)  The validity and interpretation of this Agreement is governed by the
          law in force in England, United Kingdom.

     (b)  Each Party submits to the non-exclusive jurisdiction of the courts
          exercising jurisdiction in England, and any court that may hear
          appeals from any of those courts, for any proceedings in connection
          with this Agreement, and waives any right it might have to claim that
          those courts are an inconvenient forum.

13.2 LIABILITY FOR EXPENSES

     Each of the Parties must pay its own expenses incurred in negotiating,
     executing and registering this Agreement.

13.3 GIVING EFFECT TO THIS AGREEMENT

     Each of the Parties must do anything (including execute any agreement), and
     must ensure that its employees and agents do anything (including execute
     any agreement), that the other Party may reasonably require to give full
     effect to this Agreement.

13.4 OPERATION OF THIS AGREEMENT

     (a)  This Agreement contains the entire agreement and sole understanding
          between the Parties about its subject matter. Any previous
          understanding, agreement, representation or warranty relating to that
          subject matter is replaced by this Agreement and has no further
          effect.

     (b)  Any right that a person may have under this Agreement is in addition
          to, and does not replace or limit, any other right that the person may
          have.

     (c)  The Parties agree and acknowledge that their obligations pursuant to
          this Agreement are in addition to, and do not derogate from, their
          obligations in respect of confidential information at law or in equity
          or pursuant to any statute or trade or professional obligation, custom
          or use.

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<PAGE>

     (d)  Any provision of this Agreement which is unenforceable or partly
          unenforceable is, where possible, to be severed to the extent
          necessary to make this Agreement enforceable, unless this would
          materially change the intended effect of this Agreement.

13.5 EXCLUSION OF CONTRARY LEGISLATION

     Any legislation that adversely affects an obligation of a Party, or the
     exercise by a Party of a right or remedy, under or relating to this
     Agreement is excluded to the full extent permitted by law.

13.6 TRADEMARK USAGE

     Zone4Play grants to TWTVA, during the Term, the non-exclusive, royalty-free
     license to use the Zone4Play trademarks in online, print or any other media
     for the sole purpose of distributing, marketing and promoting the Products
     to Operators. TWTVA acknowledges that all right, title and interest in and
     to the Zone4Play trademarks, including all goodwill related thereto, are
     and shall remain owned solely and exclusively by Zone4Play and that all
     usage of the Zone4Play trademarks by or on behalf of Zone4Play shall inure
     to the benefit of Zone4Play. TWTVA shall comply with any and all usage
     guidelines provided by Zone4Play with respect to the Zone4Play trademarks,
     and shall supply, upon Zone4Play's written request, specimens of all
     advertising, marketing and/or promotional materials in which a Zone4Play
     trademark appears to Zone4Play for inspection and approval, which approval
     shall not be unreasonably withheld.

EXECUTED AS AN AGREEMENT

EXECUTED by Zone4Play, Inc

----------------------------------           ----------------------------------
Signature of Director                        Signature of Director / Secretary
/s/ Citron Shimon
-----------------
Name: Citron Shimon                          Name: _____________________________

EXECUTED by Two Way TV Australia Ltd

----------------------------------           ----------------------------------
Signature of Director                        Signature of Director / Secretary
/s/ Jim Mikay                                /s/ Ben Reichel
-------------                                ---------------
Name: Jim Mikay                              Name: Ben Reichel

                                       21
<PAGE>

APPENDIX A - PLAY FOR FUN PRODUCTS

iTV packages:

o    Casino games

o    Slingo games

o    Multiplayer games (poker, bingo & blackjack)

o    Sport (pool, mini golf and AI Poker).

SMS-TV packages:

o    Family package

o    Kids package

o    Quiz package

o    Racing package: Horse, greyhound, motor.

Mobile packages:

o    Casino games

[FULL APPENDIX TO BE ATTACHED]

                                       22
<PAGE>

APPENDIX B - PLAY FOR REAL PRODUCTS

iTV packages:

o    Fixed odds

o    Casino

o    Lottery

o    Sports book

o    Multiplayer Poker

SMS-TV packages:

o    Fixed odds

o    Casino

o    Racing

Mobile packages:

o    Fixed odds

o    Casino

o    Lottery

o    Sports book

o    Multiplayer Poker

o    Exchange betting

[FULL APPENDIX TO BE ATTACHED]

                                       232005 Long-Term Incentive Plan

 Exhibit 10.1 
  
 Material Sciences Corporation 
  
 2005 Long Term Incentive Plan 
  

ARTICLE 1 
  
 Establishment and Purpose 
  
 1.1 Establishment. The Material Sciences Corporation 2005 Long Term Incentive Plan is established effective as of March 1, 2005, subject to approval by the shareowners of the Company.
Awards may be made under the Plan prior to shareowner approval of the Plan so long as such Awards (including the issuance of any Restricted Stock) are subject to such shareowner approval of the Plan. Awards may be made under the Plan until February
28, 2010, unless the Plan is terminated earlier by the Committee or the Board. Subject to other applicable provisions of the Plan, all Awards made under the Plan prior to such termination of the Plan shall remain in effect until such Awards have
been satisfied or terminated in accordance with the Plan and the terms of such Awards. 
  
 1.2 Purpose. The purpose of the Plan is to foster and promote the long-term financial success of the Company and increase stockholder value by: (a) strengthening the Company’s
capability to develop and maintain a management team; (b) motivating superior performance by means of long-term performance related incentives linked to business performance, (c) encouraging and providing for obtaining an ownership interest in the
Company; (d) attracting and retaining qualified personnel by providing incentive compensation opportunities competitive with other similar companies; and (e) enabling officers and other key employees to participate in the long-term growth and
financial success of the Company. 
  
 ARTICLE 2 

 
 Definitions 
  
 The following Sections of this Article provide terms used in this Plan, and
whenever used herein in a capitalized form, except as expressly provided, the terms shall be deemed to have the meanings set forth in this Article. In addition, certain other terms used in the Plan but not specifically defined in this Article have
the definitions given to them in the first place in which they are used. 
  
 2.1 “Affiliate” means any corporation, partnership, limited liability company, association, joint-stock company, trust, unincorporated association or other entity (other than the
Company) that directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with the Company, including the subsidiaries of the Company and other entities controlled by such subsidiaries.

  
 2.2 “Award” means a
grant under the Plan, based upon criteria specified by the Committee. Awards shall be subject to the terms and conditions of the Plan and shall be evidenced by an Agreement containing such additional terms and conditions not inconsistent with the
provisions of the Plan, as the Committee shall deem desirable. 
  
 2.3 “Award Agreement” means any agreement, letter or other instrument by which an Award is granted to a Participant. 
  
 2.4 “Award Cycle” means any period designated in an Award Agreement as an “Award Cycle.” 
  
 2.5 “Award Term” means the period designated
in an Award Agreement as the “Award Term.” 
  
 2.6 “Board of Directors” or “Board” means the Board of Directors of the Company. 
  

 1 

 2.7 “Cause” means one or more of the following: (i) a Participant’s
commission of a felony or other crime involving moral turpitude or the commission of any other act or omission involving dishonesty, disloyalty or fraud with respect to the Company or any of its Affiliates or any of their customers or suppliers,
(ii) a Participant’s reporting to work under the influence of alcohol or illegal drugs, the use of illegal drugs (whether or not at the workplace) or other repeated conduct causing the Company or any of its Affiliates substantial public
disgrace or disrepute or substantial economic harm, (iii) substantial and repeated failure by a Participant to perform duties as reasonably directed by the Company’s Chief Executive Officer (or, with respect to such Chief Executive Officer, the
Board), (iv) any willful act or omission aiding or abetting a competitor, supplier or customer of the Company or any of its subsidiaries to the material disadvantage or detriment of the Company and its Affiliates, (v) breach of fiduciary duty, gross
negligence or willful misconduct with respect to the Company or any of its Affiliates or (vi) with respect to a Participant covered by an employment agreement with the Company or an Affiliate, any material breach of such agreement which is not cured
to the Company’s Chief Executive Officer (or, with respect to such Chief Executive Officer, the Board) reasonable satisfaction within fifteen (15) days after written notice thereof to the Participant. 
  
 2.8 “Change in Control” means the occurrence
of any of the following events: 
  
 2.8.1
the acquisition by any Person or Persons acting in concert, of beneficial ownership (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of more than fifty percent (50%) of the outstanding stock of the Company (calculated
as provided in paragraph (d) of Rule 13d-3 under the Exchange Act in the case of rights to acquire stock); or 
  
 2.8.2 (a) the consummation of any consolidation or merger of the Company, other than a consolidation or merger of the Company in
which holders of its stock immediately prior to the consolidation or merger hold proportionately at least a majority of the outstanding common stock of the continuing or surviving corporation, or (b) any sale, lease, exchange or other transfer (in
one transaction or a series of related transactions) of all or substantially all the assets of the Company (“Transfer Transaction”), except where (1) the Company owns all of the outstanding stock of the transferee entity or
(2) the holders of the Company’s common stock immediately prior to the Transfer Transaction own proportionately at least a majority of the outstanding stock of the transferee entity, immediately after the Transfer Transaction, or (c) any
consolidation or merger of the Company where, after the consolidation or merger, one Person owns one hundred percent (100%) of the shares of stock of the Company (except where the holders of the Company’s common stock immediately prior to such
merger or consolidation own proportionately at least a majority of the outstanding stock of such Person immediately after such consolidation or merger). 
  
 2.9 “Code” means the Internal Revenue Code of 1986, as amended, or any successor thereto. 
  
 2.10 “Committee” means the Compensation,
Organization and Corporate Governance Committee of the Board or Directors or other committee authorized by the Board to administer the Plan. 
  
 2.11 “Company” means Material Sciences Corporation, a Delaware corporation, and includes any successor or assignee
corporation or corporations into which the Company may be merged, changed or consolidated, any corporation for whose securities the securities of the Company shall be exchanged, and any assignee of or successor to substantially all of the assets of
the Company. 
  
 2.12 “Disability”
means a mental or physical illness that entitles the Participant to receive benefits under the long-term disability plan of the Company, or if there is no such plan or the Participant is not covered by such a plan or the Participant is not an
employee of the Company, a mental or physical illness that renders a Participant totally and permanently incapable of performing the Participant’s duties for the Company, as determined by the Committee. The determination of Disability for
purposes of this Plan shall not be construed to be an admission of disability for any other purpose. 
  
 2.13 “Eligible Employee” means an Employee who is employed or serves in a position or capacity designated by the Committee
as eligible to participate in the Plan. 
  

 2 

 2.14 “Employee” means any person who is considered to be an employee of
the Company pursuant to its personnel policies. 
  
 2.15
“Good Reason” means the occurrence, without the express written consent of a Participant, of any one of the following events: 
  
 2.15.1 the assignment to a Participant of any duties significantly inconsistent with the Participant’s position and status
with the Company or a substantial adverse alteration in the nature or status of the Participant’s employment responsibilities from those in existence on the date hereof; 
  
 2.15.2 the relocation of a Participant’s office or job location to a location not within
seventy-five miles (75) of the Participant’s present office or job location, except for required travel on the Company’s business to an extent substantially consistent with the Participant’s present business travel obligations; or

  
 2.15.3 a substantial reduction in a
Participant’s annual rate of salary, other than a reduction that is part of an overall reduction in the annual rate of salaries of all officers of the Company. 
  
 An event shall not constitute Good Reason unless a Participant provides written notice to the Company specifying the event
relied upon for Good Reason within sixty (60) days after the occurrence of such event. Within thirty (30) days of receiving such written notice from a Participant, the Company may cure or cause to be cured the event upon which the Participant claims
Good Reason and no Good Reason shall have been considered to have occurred with respect to such event. The Company and a Participant, upon mutual written agreement, may waive any of the foregoing provisions which would otherwise constitute Good
Reason. 
  
 2.16 “Participant”
means an Eligible Employee who satisfies the eligibility conditions of the Plan and who has been selected by the Committee for participation in the Plan. 
  
 2.17 “Payment Value” means the amount designated as the “Payment Value” in an Award Agreement. 

 
 2.18 “Payout” means the actual
amount to be distributed under the Plan to a Participant with respect to the Award Term or an Award Cycle. 
  
 2.19 “Performance Goals” means the level of performance for the Award Term or Award Cycle, as determined by
reference to one or more of the Performance Measures, the attainment of which results in a right (subject to the provisions of the Plan and the Award Agreement) to receive a Payout for the Award Term or an Award Cycle. Unless otherwise specified by
the Committee, the Performance Goals shall be further differentiated as follows: 
  
 2.19.1 the “Threshold Performance Goal” which is the level of a given Performance Measure
that, if attained, will result in the Participant receiving a percentage of the Payment Value ascribed to such Performance Measure; 
  
 2.19.2 the “Target Performance Goal” which is the level of a given Performance Measure that,
if attained, will result in the Participant receiving a percentage of the Payment Value ascribed to such Performance Measure and; 
  
 2.19.3 an “Above Target Performance Goal” which is a level of a given Performance Measure
that, if attained, will result in the Participant receiving a percentage of the Payment Value ascribed to such Performance Measure. 
  
 As provided in Section 5.2 below, failure to obtain any one Threshold Performance Goal for the Award Term or a Performance Cycle, regardless of the level of achievement
with respect to any other Performance Measure, shall result in no Payout for the Award Term or that Award Cycle. 
  
 2.20 “Performance Measures” mean the particular performance measures for the Award Term or an Award Cycle determined
in the discretion of the Committee, based upon the Committee’s determination of the goals that 

  

 3 

 
will most effectively further the Company’s corporate objectives. Performance Measures may include sales; cash flow; cash flow from operations;
operating profit or income; net income; operating margin; net income margin; return on net assets; economic value added; return on total assets; return on common equity; return on total capital; total shareholder return; revenue; revenue growth;
earnings before interest, taxes, depreciation and amortization (“EBITDA”); EBITDA growth; cumulative EBITDA over a period fixed by the Committee; basic earnings per share; diluted earnings per share; funds from operations per
share and per share growth; cash available for distribution; cash available for distribution per share and per share growth; share price performance on an absolute basis and relative to an index of earnings per share or improvements in the
Company’s attainment of expense levels; implementing or completion of critical projects; or other reasonable criteria established by the Committee. The foregoing criteria shall have any reasonable definitions that the Committee may specify,
which may include or exclude any or all of the following items as the Committee may specify: extraordinary, unusual or non-recurring items; effects of accounting changes; effects of financing activities; expenses for restructuring or productivity
initiatives; other non-operating items; spending for acquisitions; effects of divestitures; and effects of litigation activities and settlements. 
  
 2.21 “Plan” means the Material Sciences Corporation 2005 Long Term Incentive Plan, as herein set forth and as may be
amended from time to time. 
  
 2.22 “Restricted
Stock” means the Company’s common stock issued under the Company’s 1992 Omnibus Stock Awards Plan for Key Employees or other equity plan of the Company designated by the Committee, which shall be (i) used for Payouts to
Participants under Article 6 hereof, (ii) be fully (100%) vested at all times after issuance, and (iii) be non-transferable by a Participant for a period of one year and one day after the date on which such issuance was made. 
  
 2.23 “Retirement” means a
Participant’s voluntary Termination of Employment on or after attaining age sixty-five. 
  
 2.24 “Termination of Employment” means the occurrence of any act or event whether pursuant to an employment agreement or otherwise that actually or effectively causes or results
in the person’s ceasing, for whatever reason, to be an officer or employee of the Company and of any Affiliate, including, without limitation, death, Disability, dismissal, resignation, Retirement, or severance as a result of the
discontinuance, liquidation, sale or transfer by the Company and or any Affiliate of a business such entity owns or operates. A Termination of Employment shall occur with respect to a Participant who is employed by an Affiliate if the Affiliate
shall cease to be an Affiliate and the Participant shall not immediately thereafter become an employee of the Company or another Affiliate. A promotion or transfer of employment to another position eligible for participation in the Plan shall not
constitute a Termination of Employment. 
  
 ARTICLE 3

  
 Administration 
  
 3.1 Committee. The Plan shall be controlled,
managed and administered by the Committee, which shall consist of two or more members. Each member of the Committee shall be a “Non-employee Director” as that term is defined by Rule 16b-3 promulgated under the Securities Exchange Act of
1934 (the “Exchange Act”) or any similar rule which may subsequently be in effect (“Rule 16b-3”) and shall be an “outside director” within the meaning of Section 162(m)(4)(C)(i) of the Code and the
Treasury Regulations promulgated thereunder. The members shall be appointed by the Board of Directors, and any vacancy on the Committee shall be filled by the Board of Directors. The Committee shall have the discretion to interpret the provisions of
the Plan, and its interpretations and determinations shall be final and binding on all persons, including the Company, all Affiliates and Participants. The Committee may, from time to time, adopt rules or guidelines with respect to the
administration of the Plan and the rights granted hereunder which are consistent with the provisions of the Plan and may amend any and all rules or guidelines previously established. No determination or decision of the 

  

 4 

 
Committee shall be subject to de novo court review if the procedures of this Article have been followed by the Committee. Subject to the express
provisions of the Plan and to the extent not inconsistent with the provisions of Section 162(m) of the Code and the Treasury Regulations promulgated thereunder regarding performance-based compensation, the Committee may, from time to time, delegate
or allocate the performance of any part or all its ministerial duties under the Plan as it considers desirable to such person or persons as it may select. All costs of Plan administration will be paid by the Company. 
  
 3.2 Powers of Committee. For purposes of the
Plan, the Committee’s powers shall include, but not be limited to, the following authority, in addition to all other powers provided by, or necessary to administer, the Plan: 
  
 3.2.1 to determine the Award Cycle(s), Award Term, Payment Value, Performance Goals, Performance
Measures and other criteria for which the Committee has discretion under the Plan; 
  
 3.2.2 to select or designate, for the Award Term or any Award Cycle, the Eligible Employees (if any) to become Participants under
the Plan; 
  
 3.2.3 to determine the terms
and conditions of any Awards granted hereunder and to adjust the terms and conditions of any Award under the provisions of the Plan; 
  
 3.2.4 to provide for the forms of Agreement to be utilized in connection with the Plan; 
  
 3.2.5 to determine the Payout to a Participant and
any other right to compensation under the Plan; 
  
 3.2.6 to appoint such agents, counsel, accountants, consultants, claims administrator and other persons as may be necessary or appropriate to assist in administering the Plan; 
  
 3.2.7 to sue or cause suit to be brought in the name
of the Plan or the Company; 
  
 3.2.8 to
determine whether and with what effect an individual has incurred a Termination of Employment; 
  
 3.2.9 to obtain from Participants such information as is necessary for the proper administration of the Plan; 
  
 3.2.10 to execute and file such returns and reports
as may be required with respect to the Plan; and 
  
 3.2.11 to make any adjustments or modifications permitted under the provisions of the Plan. 
  
 ARTICLE 4 
  
 Participation, Performance Measures and Performance Goals 
  
 4.1 Participation. The Committee shall select which Eligible Employees will become Participants in the Plan during any given fiscal year the Plan is in effect. The Committee may consider
any factors it deems pertinent in selecting an Eligible Employee as a Participant. Upon the selection of the Participants, the Committee shall provide the notices described in Section 4.6 below. A person will become a Participant only upon returning
to the Company a signed, written Award Agreement received from the Committee stating the person is a Participant and providing such additional information the Committee deems relevant, including the Award Term and Award Cycle. 
  
 4.2 Participation of Newly Hired Employees.
Except as provided in the sole discretion of the Committee, an individual must be an Eligible Employee as of the beginning of the Company’s fiscal year in order to be selected as a Participant. If an individual first becomes an Eligible
Employee after the beginning of the Company’s fiscal year, the Committee may, in its discretion, designate such new Eligible Employee as a Participant. Unless the Committee, in its sole discretion, determines otherwise, all amounts payable
under this Plan to such Participant for the Award Term or an Award Cycle shall be pro-rated with respect to the date he or she first became an Eligible Employee or such later date as designated by the Committee. The Committee may make such
adjustments as it seems appropriate in order to effectuate this Section. 
  

 5 

 4.3 Payout Amounts. The Payouts that a Participant is entitled to receive
under the Plan for an Award Term or an Award Cycle, upon the achievement of the Performance Goals, will be based upon a pre-determined percentage of the Payment Value. Such percentages will be set forth in an Award Agreement. 
  
 4.4 Performance Measures. The Committee shall
establish one or more Performance Measures for the Award Term or an Award Cycle. It is the intent of the Committee that the Performance Goals and Performance Measures established for the Award Term or an Award Cycle will not change during such
period. However, certain circumstances identified at the discretion of the Board or the Committee may warrant a modification to the Performance Goals and Performance Measures. These circumstances would include, but not be limited to, unforeseen
events such as changes in law, regulations, or rulings; changes in accounting principles or practices; or a merger, acquisition, divestiture or other significant transaction. Participants will be notified of any such modification as soon as
practicable. Different Performance Measures and/or Performance Goals may be awarded to similarly situated Participants, and the Performance Measures and Performance Goals awarded to one Participant shall not have an effect on or in any way limit the
Performance Measures and Performance Goals awarded to another Participant. 
  
 4.5 Performance Goals. For any Performance Measure established by the Committee, the Committee shall establish the levels of the Performance Goals. After establishing the Performance Goals
for a Performance Measure, the Committee shall have the discretion, where practicable, to provide that the amounts payable in respect of the Performance Goals shall be prorated if the actual performance for the Award Term is between the Performance
Goals established by the Committee. 
  
 4.6 Notice of
Participation. After an Eligible Employee has been designated as a Participant, the Committee shall provide such Participant with an Award Agreement setting forth the Payment Value, Award Cycle(s), Award Term, Performance Measures and
Performance Goals for the Participant. 
  
 ARTICLE 5

  
 Calculating the Payout 
  
 5.1 General. As soon as practicable following the
end of the Award Term or an Award Cycle, the Committee shall calculate the Payout to each Participant based upon the actual performance of the Company and the Performance Measures, Performance Goals and Payment Values for such period. 
  
 5.2 The Payout. The actual Payout amount to be
distributed with respect to a Award Term or Award Cycle may range over a set of compensation values determined by the Committee, as further described in this Section and in an Award Agreement. The amount payable to a Participant shall not exceed the
Maximum Payment applicable to such Participant. 
  
 5.2.1 If the actual performance during the Award Term or an Award Cycle shall be less than the Threshold Performance Goal for any Performance Measure, the Payout shall be zero. 
  
 5.2.2 If the actual performance during the Award Term
or an Award Cycle shall equal or exceed each Threshold Performance Goal, the Payout shall be a percentage of the Payment Value previously identified in respect of the Performance Goals attained by a Participant (as reduced, in the case of an Award
Term, by any previous Payouts during an Award Cycle). 
  
 5.2.3 If the actual performance for the Award Term or an Award Cycle is between the Performance Goals established by the Committee and if the Committee provides for proration, the applicable Payout will be prorated accordingly
through linear interpolation. If the Committee chooses not to engage in proration, the Payout shall based upon the next closest lowest achieved Performance Goal as determined by the Committee in its sole discretion. 
  

 6 

 ARTICLE 6 
  

Payment of Benefits 
  
 6.1 Normal Payout. Except as otherwise provided in the Plan, and subject to the condition of continued employment with the
Company or an Affiliate, as set forth in Section 6.2 below, the Payout to a Participant for the Award Term or an Award Cycle shall be made within two and one-half months following the close of the Award Term or such Award Cycle in the form described
in Section 6.5; provided, however, that the Committee may, in its discretion, defer payment until audited financial data is available (but in any event no later than the end of the calendar year in which such Award Term or Award Cycle
ends) unless such deferral would cause any such payment to be subject to the requirements of Code Section 409A. Except as otherwise provided in the subsequent Sections of this Article 6, each Participant shall receive a payment equal to the full
value of his or her Payout for the Award Term or applicable Award Cycle. Payouts under this Section 6.1 are conditioned upon the Participant’s compliance with any non-compete and/or confidentiality provision in any written agreement or policy
between the Participant and the Company. Unless the Committee provides otherwise in writing, upon the date of any violation of any such non-compete and/or confidentiality provision, the person shall immediately cease to be a Participant, and any
amount not yet distributed to such Participant under this Section 6.1 shall immediately and automatically be forfeited, whether or not such violation results in a Termination of Employment with the Company during the Award Term. 
  
 6.2 Forfeiture. If a Participant initiates
a Termination of Employment with the Company for any reason other than for death, Disability or Retirement, or Good Reason, or the Participant incurs a Termination of Employment for Cause, unless the Committee provides otherwise in writing, the
Participant shall immediately cease to be a Participant, and any amount not yet distributed to such Participant under Section 6.1 shall immediately and automatically be forfeited, whether or not such Termination of Employment occurs before the end
of the Award Term. 
  
 6.3 Termination, Retirement,
Disability, Promotion, Demotion, Transfer, or Death. A Participant’s Termination of Employment with the Company under the circumstances set forth in this Section 6.3 shall not result in the forfeiture of the Participant’s
Payout or the right to receive a Payout under the Plan: 
  
 6.3.1 If the Participant incurs a Termination of Employment with the Company that is initiated by the Company without Cause, or by the Participant for Good Reason, or is the result of the Participant’s
Retirement or Disability, or if the Participant ceases to be an Eligible Employee due to an approved leave of absence, promotion, demotion or transfer to a position of employment within the Company or an Affiliate which the Committee determines is
ineligible for participation in the Plan, then the Participant shall receive a Payout equal to (i) the unpaid portion of a Participant’s Payout if the Award Term or Award Cycle has closed and for which a Payout has not been completed as of such
Termination of Employment, approved leave of absence, promotion, demotion or transfer date and (ii) a pro rata Payout determined with respect to the Performance Goals if the Award Term or Award Cycle shall not have been closed, based upon the
product of (A) a fraction, the numerator of which is the number of months which have elapsed in the Award Term or Award Cycle and the denominator of which is the total number of months in the Award Term or Award Cycle, and (B) the actual performance
through the date of the Termination of Employment, approved leave of absence, promotion, demotion or transfer occurs (compared to a pro rata portion of the overall Performance Goal for the Award Term, as adjusted for seasonality and other factors if
and to the extent the Committee deems appropriate). Any Payout pursuant to this Section 6.3.1 shall be reduced by the amount of any Payout previously made with respect to an Award Cycle during the Award Term. Any Payout pursuant to the provisions of
this Section 6.3.1 shall be made in cash. 
  
 6.3.2 If the Participant’s employment with the Company is terminated as a result of the Participant’s death, the beneficiary designated in a written form filed with the Company shall receive (i) to the extent not already
paid, the Payout designated for the deceased Participant if the Award Term or Award Cycle has 

  

 7 

 
been closed and for which payments have not been completed as of such date of death, which payment shall be paid as soon as reasonably practicable following
the Participant’s death, and (ii) a pro rata Payout if the Award Term or Award Cycle shall not have been closed, determined with respect to the Performance Goals, based upon the product of (A) a fraction, the numerator of which is the number of
months which have elapsed in the Award Term or Award Cycle and the denominator of which is the total number of months in the Award Term or Award Cycle, and (B) the actual performance through the date of the death (compared to a pro rata portion of
the overall Performance Goal for the Award Term, as adjusted for seasonality and other factors if and to the extent the Committee deems appropriate). Any Payout pursuant to this Section 6.3.2 shall be reduced by the amount of any Payout previously
made with respect to an Award Cycle during the Award Term. Any Payout pursuant to the provisions of this Section 6.3.2 shall be made in cash. 
  
 6.4 Change in Control. Upon a Change in Control, if the Award Term or Award Cycle shall have been completed, each Participant
shall receive the Payout as soon as reasonably practicable following the date of the Change in Control. If the Award Term or Award Cycle shall not have been completed as of the date of the Change in Control, the Committee shall determine the Payout
of the uncompleted Award Term or Award Cycle as of the date of the Change in Control, which shall be a pro rata Payout for the Award Term with respect to the Performance Goals and based upon the product of (i) a fraction, the numerator of which is
the number of months which have elapsed in the Award Term and the denominator of which is the total number of months in the Award Term, and (ii) actual performance through the date of the Change in Control (compared to a pro rata portion of the
overall Performance Goal for the Award Term, as adjusted for seasonality and other factors if and to the extent the Committee deems appropriate). Any Payout pursuant to this Section 6.4 shall be reduced by the amount of any Payout previously made
with respect to an Award Cycle during the Award Term. Any Payout pursuant to the provisions of this Section 6.4 shall be made in cash. 
  
 6.5 Form of Payment. Except as provided in Section 6.4 or as otherwise determined by the Committee in its sole discretion, any
Payout shall be made sixty percent (60%) in shares of Restricted Stock and forty percent (40%) in cash. The number of shares of Restricted Stock to be issued pursuant to any given Payout shall be based upon the average closing sales price of the
Company’s common stock on the New York Stock Exchange for the thirty consecutive trading days ending on the last business day of an Award Cycle or Award Term, as the case may be. 
  
 6.6 Facility of Payment. When a Participant is under a legal disability or, in the
Committee’s opinion, is in any way incapacitated so as to be unable to manage his or her affairs, the Committee may direct the payment of a Payout to such Participant’s legal representative, or to a relative or friend of such Participant
for such Participant’s benefit, or the Committee may direct the application of such Payouts for the benefit of such Participant in such manner as the Committee considers advisable. Any Payouts made in accordance with the preceding sentence
shall be a full and complete discharge of any liability for such Payouts under the Plan, and no Committee member nor the Company shall have any duty to inquire as to whether a legal disability or other incapacity exists, or for any determination
with respect thereto. 
  
 ARTICLE 7 
  
 Amendment or Termination 
  
 7.1 Amendment. The Board may amend, alter, or
discontinue the Plan at any time, but no amendment, alteration or discontinuation shall be made which would impair the rights of a Participant under an Award theretofore granted without the Participant’s consent, except such an amendment (a)
made to cause the Plan to comply with applicable law (including Section 409A of the Code, to the extent any portion of the Plan is determined to constitute a nonqualified deferred compensation plan), or (b) made to permit the Company a deduction
under applicable tax law. The Committee may amend, alter or discontinue the terms of any Award theretofore granted, prospectively or retroactively, on the same conditions and limitations (and exceptions to limitations) as apply to the Board, and
further subject to any approval or limitations the Board may impose. 
  

 8 

 7.2 Plan Termination. The Committee or the Board may terminate the
Plan at any time when, in its judgement such termination is appropriate or necessary; such termination to become effective upon the execution by the Committee or the Board of a written resolution duly executed and stating the fact of such
termination and the date as of which it is to be effective. 
  
 7.3 Vesting and Distribution on Termination. Subject to Section 6.2, upon termination of the Plan, each Participant (or the beneficiary of each deceased Participant) shall receive the Payout if the Award Term or
applicable Award Cycle shall have closed as soon as reasonably practicable following the date of Award termination. If the Award Term or applicable Award Cycle shall not have been completed as of the date of Award termination, the Committee shall
determine the Payout of the uncompleted Award Term or Award Cycle as of the date of the Award termination, which shall be a pro rata Payout for the partial Award Term based upon the product of (A) a fraction, the numerator of which is the number of
months which have elapsed in the Award Term or Award Cycle and the denominator of which is the total number of months in the Award Term or Award Cycle, and (B) the actual performance through the date of Award termination (compared to a pro rata
portion of the overall Performance Goal for the Award Term, as adjusted for seasonality and other factors if and to the extent the Committee deems appropriate). Any Payout pursuant to this Section 7.3 shall be reduced by the amount of any Payout
previously made with respect to an Award Cycle during the Award Term. Any Payout pursuant to the provisions of this Section 7.3 shall be made in cash. 
  
 ARTICLE 8 
  
 General Provisions 
  
 8.1 Nonalienation of Plan Benefits. A Participant or beneficiary may not sell, assign, margin, transfer, pledge, encumber, convey, gift, hypothecate or otherwise
dispose of any interest in a Payout or the right to receive Payout under this Plan, either voluntarily or involuntarily, except by will, by the laws of descent or distribution, or as set forth in Section 6.3 above. 
  
 8.2 No Employment Rights. Under no circumstances
shall the terms of employment of any Participant be modified or in any way affected by the establishment or continuance of this Plan. The maintenance of this Plan shall not constitute a contract of employment. The Plan will not give any Participant
a right to be retained in the employment of the Company. 
  
 8.3 No Personal Liability. To the extent permitted by law, no person (including any member of the Committee or any present or former employee of the Company) shall be personally liable for any act done or omitted
to be done in good faith in the administration of the Plan. 
  
 8.4 Final Decisions. Any ruling, regulation, procedure or decision of the Committee shall be conclusive and binding upon all persons affected by this Plan. 
  
 8.5 Withholding of Taxes. The Company shall deduct from any Payout
such amount as the Company, in its sole discretion, deems proper to protect it against liability for the payment of taxes, and out of the money so deducted, the Company may discharge any such liability and pay the amount remaining to the Participant
or the Beneficiary, as the case may be. 
  
 8.6
Applicable Law. The Plan and all Awards made and actions taken under the Plan shall be governed by and construed in accordance with the laws of the state of Delaware and any applicable subdivision thereof. The Plan shall be
construed to comply with all applicable laws and to avoid liability to the Company or a Participant. 
  
 8.7 Successors. The Plan is binding on all persons entitled to benefits hereunder and their respective heirs and legal
representatives, on the Committee and its successor, and on the Company and its successor, whether by way of merger, consolidation, purchase or otherwise. 
  

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 8.8 Severability. If any provision of the Plan shall be held illegal
or invalid for any reason, such illegality or invalidity shall not affect the remaining provisions of the Plan, and the Plan shall be enforced as if the invalid provisions had never been set forth herein. 
  
 8.9 Provisions Relating to Internal Revenue Code Section
162(m). The Plan and any Award to any Participant who is (or who, in the judgment of the Committee, could reasonably be expected at the time of any payment of the Award to be) a “Covered Employee” (as defined in
Section 162(m)(3) of the Code) (any such Participant, an “Applicable Participant”) under the Plan shall be administered, and the provisions of the Plan and each Agreement with an Applicable Participant shall be interpreted, in a manner
consistent with the requirements of Code Section 162(m)(4)(C) and the Treasury Regulations promulgated thereunder. If any provision of the Plan or any Agreement relating to an Award to such a Participant does not comply or is inconsistent with the
requirements of Code Section 162(m)(4)(C) and the Treasury Regulations promulgated thereunder, such provision shall be construed or deemed amended to the extent necessary to conform to such applicable requirements, if any such construction or deemed
amendment can satisfy Code Section 162(m)(4)(C) and the Treasury Regulations promulgated thereunder. In addition, the following provisions shall apply to the Plan or an Award to the extent necessary to avoid the disallowance of a tax deduction for
the Company or an Affiliate: 
  
 8.9.1 Not
later than the date required or permitted for “qualified performance-based compensation” under Code Section 162(m)(4)(C) and the Treasury Regulations promulgated thereunder, the Committee shall determine the Participants who are Applicable
Participants who will receive Awards that are intended as qualified performance-based compensation and the amount or method for determining the amount of such compensation. Any Award intended to constitute qualified performance-based compensation
shall be designated in writing as such by the Committee at the time it is granted. 
  
 8.9.2 For Awards that are designated as “performance-based compensation” (as that term is used in Code Section 162(m)) in
accordance with Section 8.9.1 above, no more than $5,000,000 (the “Maximum Payment”) may be subject to any such Award granted to any Applicable Participant and payable with respect to the Award’s entire Award Term. In the
manner required by Code Section 162(m)(4)(C) and the Treasury Regulations promulgated thereunder, the Committee shall, promptly after the date on which the necessary financial and other information for the Award Term or an Award Cycle becomes
available, certify the extent to which Performance Goals have been achieved with respect to any Award intended to qualify as “performance-based compensation” under Code Section 162(m)(4)(C) and the Treasury Regulations promulgated
thereunder. In addition, the Committee may, in its discretion, reduce or eliminate the amount of any Award payable to any Participant, based on such factors as the Committee may deem relevant, but the Committee may not increase the amount of any
Award payable to any Participant above the amount established in accordance with the relevant Performance Goals with respect to any Award intended to qualify as “performance-based compensation” under Code Section 162(m)4)(C) and the
Treasury Regulations promulgated thereunder. 
  
 8.9.3 Notwithstanding any other provision of this Plan to the contrary (including, without limitation, Sections 4.4 and 4.5), with respect to any Award granted to an Applicable Participant, (i) the Performance Goals and Performance
Measures established for the Award Term or an Award Cycle shall not change during such period, (ii) the terms of the award shall specify at the time of grant whether amounts payable pursuant to the Award will or will not be prorated if actual
performance for the Award Term is between the applicable Performance Goals established by the Committee. 
  
 8.10 Unsecured Interest. No Participant in the Plan shall have any interest in any fund or specific asset of the Company by
reason of the Plan. No trust fund shall be created in connection with the Plan or any Payout thereunder, and there shall be no required funding of amounts, which may become payable to any Participant. 
  
 8.11 Offset. Any amounts owed to the Company by
the Participant of whatever nature may be offset by the Company from the value of any Payout due under this Plan, and no Payout shall be made under this Plan unless and until all disputes between the Company and the Participant have been fully and
finally resolved and the Participant has waived all claims to such against the Company. 
  

 10 

 8.12 Indemnification. The officers, directors and employees of the
Company, as well as the Committee members, shall be indemnified and held harmless by the Company against and from any and all loss, cost, liability, or expense that may be imposed upon or reasonably incurred by them in connection with or resulting
from any claim, action, suit, or proceeding to which they may be a party or in which they may be involved by reason of any action taken or failure to act under this Plan and against and from any and all amounts paid by them in settlement (with the
Company’s written approval) or paid by them in satisfaction of a judgement in any such action, suit or proceeding. The foregoing provision shall not be applicable to any person if the loss, cost, liability or expense is due to such
person’s gross negligence or willful misconduct. 
  
 8.13
Headings. The headings contained in this Plan are for reference purposes only and shall not affect the meaning or interpretation of this Plan. 
  
 8.14 Gender and Number. Words denoting the masculine gender include the feminine and
neuter genders, and the singular shall include the plural and the plural shall include the singular wherever required by the context. 
  

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