Document:

<PAGE>

Exhibit 10.11

                              MCOM Management Corp

June 11, 2001

BY DHL COURIER
--------------

Virtgame.com, Corp.
12625 High Bluff Drive, Suite 205A
San Diego, CA 92130

Attn: Mr. Joseph Paravia

Financial Consulting Agreement
------------------------------
Our File: 2532-V

Dear Sirs:

Formalizing our earlier discussions, this is to acknowledge and confirm the
terms of our Financial Consulting Agreement ("Agreement") as follows:

1.   Virtgame.com Corp. (the "Company") hereby engages MCOM Management Corp.
     ("MCOM") and MCOM hereby agrees to render services to the Company as a
     financial consultant, strategic planner and advisor and as further
     described herein.

2.   Duties. During the term of this Agreement, MCOM shall provide advice and
     consult with the Company concerning management, marketing, strategic
     planning, corporate organization and structure, expansion of services, and
     shall review and advise the Company regarding its overall progress, needs
     and condition. MCOM agrees to provide on a timely basis the following
     enumerated services plus additional services contemplated thereby:

<PAGE>

         a.   Assist the Company in obtaining financing or partial financing as
              needed.
         b.   Assist the Company in the implementation of short range and long
              term strategic planning to fully develop and enhance the Company's
              operations, resources, products and services;
         c.   Assist the Company in the implementation of a marketing program
              with a view toward broadening the markets for its products and
              services, particularly in the area of marketing to state
              governments;
         d.   Assist the Company in development of third party marketing
              partnerships, particularly with respect to the Company's "Play for
              Fun" casino strategy.
         e.   Assist the Company in coordinating the publicity surrounding any
              strategic or marketing "significant event" which will increase
              visibility of the Company and materially affect the Company.
         f.   Arrange and conduct at least four meetings for the Company with
              brokerage firms for the purpose of introducing the Company.
         g.   Coordinate both U.S. and international road shows at the Company's
              request.

3.   TERM. The term of this Agreement shall be for a six month period commencing
     upon April 1, 2001.

4.   COMPENSATION. As compensation for its services hereunder, the Company shall
     issue to MCOM:

         a.   A warrant or option agreement to purchase 300,000 shares of the
              Company's common stock at $0.25 per share, such warrant or option
              agreement to include piggyback registration rights.

         b.   As compensation for any funds raised by the Company through its
              Bridge Loan Subscription from any individual or investment banking
              company introduced to the Company by MCOM, the Company shall pay
              to MCOM a ten percent (10%) cash finder's fee and a ten percent
              (10%) finder's fee payable in a warrant to purchase the Company's
              common stock at $0.25 per share, such warrant agreement to include
              piggyback registration rights.

         d.   Should the Company be successful in raising capital from any
              individual or investment banking company introduced to the Company
              by MCOM through an investment vehicle other than the aforesaid
              Private Placement, any compensation due MCOM shall be negotiated
              on a case by case basis.

         e.   Reimbursement of expenses -- MCOM will be reimbursed for all its
              reasonable expenses, including authorized travel expenses incurred
              on behalf of the Company in this matter. MCOM will seek prior
              approval for any single expenditure in excess of $500.

6.   CONFIDENTIALITY. MCOM will not disclose to any other person, firm,
     corporation, nor use for its own benefit during or after the term of this
     Agreement, any trade secrets

                                        2
<PAGE>

     or other information designated as confidential by the Company which is
     acquired by MCOM in the course of its performing services hereunder. (A
     trade secret is information not generally known to the trade, which gives
     the Company an advantage over its competitors. Trade secrets can include,
     by way of example, products or services under development, production
     methods and processes, sources of supply, customer lists, marketing plans
     and information concerning the filing or pendency of patent applications.)
     Any financial advice rendered by MCOM pursuant to this Consulting Agreement
     may not be disclosed publicly in any manner without the prior written
     approval of MCOM.

7.   INDEMNIFICATION. The Company agrees to indemnify and hold MCOM harmless
     from and against all claims, damages, liabilities, costs or expenses,
     including reasonable attorney fees (collectively the "Liabilities") joint
     and several, arising out of the performance of this Consulting Agreement,
     whether or not MCOM is a party to such dispute. This indemnity shall not
     apply however, and MCOM shall indemnify and hold the Company, its
     affiliates, control persons, officers, employees and agents harmless from
     and against all Liabilities, where under arbitration a final determination
     that MCOM engaged in gross recklessness and willful misconduct in the
     performance of its services hereunder which gave rise to the losses, claim,
     damage, liability cost expense sought to be recovered hereunder (but
     pending any such final determination, the indemnification and reimbursement
     provision of this Consulting Agreement shall apply and the Company shall
     perform its obligations hereunder to reimburse MCOM for its expenses.) The
     provisions of this paragraph shall survive the termination and expiration
     of this Agreement.

 8.  DILUTION. Regarding the aforementioned issuance of shares of common stock
     and warrants, if at any time the Company shall (1) declare a dividend or
     make a distribution on the Common Stock payable in shares of its capital
     stock (whether shares of Common Stock or of capital stock of any other
     class); (ii) subdivide, reclassify or recapitalize its outstanding Common
     Stock into a greater number of shares; (iii) combine, reclassify or
     recapitalize its outstanding Common Stock into a smaller number of shares,
     or (iv) issue any shares of its capital stock by reclassification of its
     Common Stock (including any such reclassification in connection with a
     consolidation or a merger in which the Company is the continuing
     corporation), the amount of Common Stock issued to MCOM or its designees at
     the time of the record date of such dividend, distribution, subdivision,
     combination, reclassification or recapitalization shall be adjusted so that
     MCOM or its designees shall be entitled to receive the aggregate number and
     kind of shares which it would have owned and been entitled to receive by
     virtue of such dividend, distribution, subdivision, combination,
     reclassification or recapitalization. Any adjustment required by this
     paragraph shall be made immediately after the record date, in the case of a
     dividend or distribution, or the effective date, in the case of a
     subdivision, combination, reclassification or recapitalization.

     We enclose two (2) original Agreements. If this Agreement is in accordance
     with your understanding, please confirm by signing and returning to MCOM
     Management Corp. one (1) original, retaining the other for your files.

                                        3
<PAGE>

AGREED TO BY MCOM MANAGEMENT CORP.:

Mr. Michael C.O. Morfit
President

AGREED TO BY VIRTGAME.COM CORP.

Mr. Joseph Paravia President

                                        4
<PAGE>

December 12, 2001

BY DHL COURIER
--------------

Virtgame.com, Corp.
5230 Carroll Canyon Road
San Diego, CA 92121

Attn: Mr. Scott A. Walker

FINANCIAL CONSULTING AGREEMENT
------------------------------
OUR FILE: 2532-V

Dear Sirs:

This is to acknowledge and confirm the terms of our Financial Consulting
Agreement ("Agreement") as follows:

1. Virtgame.com Corp. (the "Company") hereby engages MCOM Management Corp.
("MCOM") and MCOM hereby agrees to render services to the Company as a financial
consultant, strategic planner and advisor and as further described herein.

2. Duties. During the term of this Agreement, MCOM shall abandon all of its
outside business interests and provide advice and consult with the Company
concerning management, marketing, strategic planning, corporate organization and
structure, expansion of services, and shall review and advise the Company
regarding its overall progress, needs and condition. MCOM agrees to provide on a
timely basis the following enumerated services plus additional services
contemplated thereby:

         a.   Assist the Company in obtaining financing or partial financing as
              needed.
         b.   Assist the Company in the implementation of short range and long
              term strategic planning to fully develop and enhance the Company's
              operations, resources, products and services;
         c.   Assist the Company in the implementation of a marketing program
              with a view toward broadening the markets for its products and
              services;
         d.   Assist the Company in obtaining licensing contracts, particularly
              licenses for the Company's Server Platform and Sportsbook Module.
         e.   Assist the Company in coordinating the publicity surrounding any
              strategic or marketing "significant event" which will increase
              visibility of the Company and materially affect the Company.
         f.   Arrange and conduct at least four meetings for the Company with
              brokerage firms for the purpose of introducing the Company.
         g.   Coordinate both U.S. and international road shows at the Company's
              request.

3. Term. The term of this Agreement shall be for a two-year period commencing
upon October 1, 2001. MCOM for the past six months has exclusively worked on
Virtgame. Michael Morfit, the president of MCOM relocated his family to San
Diego from July to September to take a hands on approach.  During the past six

<PAGE>

months MCOM has been an integral part of the following.

         -Developing and implementing Virtgame Las Vegas with Leo George, Scott
         Walker, and Bob Stupak.
         -Assisting in solidifying both the Codere and Caliente Relationship.
         -Creating a relationship with Tel-Nor and Conax.
         -Discussing merger and acquisition proposals with American Wagering and
         the Silver Nugget.
         -Assisting in all corporate filings and legal filings.
         -Interviewing and hiring an I.R. firm
         -Initiated and currently negotiating with Dr. Ho.com.
         -Attended 3 gaming conferences on Virtgame's behalf
         -Assisting in shareholder relations.
         -meeting with potential investors

In summary MCOM has been an integral part of Virtgame's survival and will be a
key element in Virtgame's explosive future.

4. Compensation. As compensation for its services hereunder, the Company shall
issue to MCOM:

         a. A monthly fee of $12,500.00, which pay shall be considered
         retroactive to July, 2001, at which time MCOM abandoned each of its
         outside business interests in order to work exclusively for the
         Company. The payments from July 31 through December 31, 2001,
         inclusive, i.e. $75,000, shall be deemed to have been paid as of the
         date of this contract by reason of the Company having forgiven a loan
         of $75,000 from the company due to MCOM having exercised 300,000
         options. With respect to an additional loan from the Company to MCOM in
         the amount of $15,500 due to MCOM having exercised 62,000 options,
         $15,000 of such loan shall be deemed forgiven in view of MCOM having
         paid to Mr. Jerry Jacobs $15,000 for a residence in San Diego from July
         to November.1f monthly fee cannot be paid in cash, said amount shall be
         paid in shares of common stock in the company. The price of said shares
         shall be calculated based on the average price of the stock for the
         thirty-day period before the date of calculation.

         b. As compensation for any funds raised by the Company through any
         vehicle that MCOM participates in, the Company shall pay to MCOM a five
         percent (5%) cash fee and a five percent (5%) fee payable in a warrant
         to purchase the Company's common stock at the price (per share) of the
         offering, such warrant agreement to include piggyback registration
         rights and cashless exercise provisions. This provision shall remain in
         force until March 31, 2002, at which time the parties shall discuss.

         c. An option agreement to purchase 500,000 shares of the company's
         common stock at $0.10 per share. Such option agreement shall be issued
         from the Company's plan of 1997.

         d. A 10% cash payment for any licensing fees and/or monthly account
         fees and/or credit card transaction fees brought to the Company by
         MCOM.

         e. With respect to any major licensing agreement brought to the Company
         by MCOM (MCOM is presently working on potential agreements with Dr. Ho,
         Conax and VectorMax), MCOM shall receive a five-year warrant agreement
         for 250,000 at $1.00, such warrant agreement to include piggyback
         registration rights and cashless exercise provisions.

<PAGE>

         f. Reimbursement of expenses -- MCOM will be reimbursed for all its
         reasonable expenses, including authorized travel expenses incurred on
         behalf of the Company in this matter. MCOM will seek prior approval for
         any single expenditure in excess of $500.

6. Confidentiality. MCOM will not disclose to any other person, firm,
corporation, nor use for its own benefit during or after the term of this
Agreement, any trade secrets or other information designated as confidential by
the Company which is acquired by MCOM in the course of its performing services
hereunder. (A trade secret is information not generally known to the trade,
which gives the Company an advantage over its competitors. Trade secrets can
include, by way of example, products or services under development, production
methods and processes, sources of supply, customer lists, marketing plans and
information concerning the filing or pendency of patent applications.) Any
financial advice rendered by MCOM pursuant to this Consulting Agreement may not
be disclosed publicly in any manner without the prior written approval of MCOM.

7. Indemnification. The Company agrees to indemnify and hold MCOM harmless from
and against all claims, damages, liabilities, costs or expenses, including
reasonable attorney fees (collectively the "Liabilities") joint and several,
arising out of the performance of this Consulting Agreement, whether or not MCOM
is a party to such dispute. This indemnity shall not apply however, and MCOM
shall indemnify and hold the Company, its affiliates, control persons, officers,
employees and agents harmless from and against all Liabilities, where under
arbitration a final determination that MCOM engaged in gross recklessness and
willful misconduct in the performance of its services hereunder which gave rise
to the losses, claim, damage, liability cost expense sought to be recovered
hereunder (but pending any such final determination, the indemnification and
reimbursement provision of this Consulting Agreement shall apply and the Company
shall perform its obligations hereunder to reimburse MCOM for its expenses.) The
provisions of this paragraph shall survive the termination and expiration of
this Agreement.

8. Dilution. Regarding the aforementioned issuance of shares of common stock and
warrants, if at any time the Company shall (1) declare a dividend or make a
distribution on the Common Stock payable in shares of its capital stock (whether
shares of Common Stock or of capital stock of any other class); (ii) subdivide,
reclassify or recapitalize its outstanding Common Stock into a greater number of
shares; (iii) combine, reclassify or recapitalize its outstanding Common Stock
into a smaller number of shares, or (iv) issue any shares of its capital stock
by reclassification of its Common Stock (including any such reclassification in
connection with a consolidation or a merger in which the Company is the
continuing corporation), the amount of Common Stock issued to MCOM or its
designees at the time of the record date of such dividend, distribution,
subdivision, combination, reclassification or recapitalization shall be adjusted
so that MCOM or its designees shall be entitled to receive the aggregate number
and kind of shares which it would have owned and been entitled to receive by
virtue of such dividend, distribution, subdivision, combination,
reclassification or recapitalization. Any adjustment required by this paragraph
shall be made immediately after the record date, in the case of a dividend or
distribution, or the effective date, in the case of a subdivision, combination,
reclassification or recapitalization.

We enclose two (2) original Agreements. If this Agreement is in accordance with
your understanding, please confirm by signing and returning to MCOM Management
Corp. one (1) original, retaining the other for your files.

<PAGE>

AGREED TO BY MCOM MANAGEMENT CORP.:

Mr. Michael C.O. Morfit
President

AGREED TO BY VIRTGAME.COM CORP.

Leo I. George<PAGE>
Exhibit 10.12

LIGHTHOUSE FINANCIAL GROUP, LLC
MEMBERS NASD, SIPC
Empire State Building                                     8360 E. Via de Ventura
350 Fifth Avenue, Suite 5807
                                                                  Building L-200
New York, NY 10118                                          Scottsdale, AZ 85258
TEL: 212-216-9732
                                                               TEL: 480-905-5525
FAX: 212-216-9735
E-mail: jrnorfit@lhfg.net

                         LIGHTHOUSE FINANCIAL GROUP, LLP

                           PRIVATE PLACEMENTAGREEMENT

         THIS PRIVATE PLACEMENT AGREEMENT (the "Agreement") is made and entered
into as of the 18th day of April, 2001 and through the period ending the 31st
day of August, 2001 by and between Virtgame.com, Corp., a Delaware corporation,
with a business address at 5230 Carroll Canyon Road, Suite 318, San Diego, CA,
92121 (the "Issuer"), and Lighthouse Financial Group, LLC, a Delaware limited
liability company, with a business address at 350 Fifth Avenue, Suite 5808, New
York, NY, 10118 (the "Agent").

                                    Recitals:
                                    ---------

         A. The Issuer desires to obtain the services of Agent to assist it in
an effort to raise a minimum of $37,500 and a maximum of $300,000 in bridge
financing capital (the "Offering"). The Issuer is offering to sell to certain,
qualified investors a maximum of 8 Units each of which consists of one 10%
Subordinated Convertible Note for a principal amount of $37,500 a unit and a
warrant to purchase 150,000 shares of Common Stock of the Company (the "Units").

         B. The Agent is a member of the National Association of Securities
Dealers, Inc. (the "NASD") and is willing, as an Agent, to assist the Issuer in
the offering and sale of the Units in the Jurisdictions on the terms and
conditions set forth herein.

                                   Agreement:
                                   ----------

         NOW, THEREFORE, for and in consideration of the foregoing, and of the
mutual covenants, agreements, undertakings, representations and warranties
contained herein, the parties hereto agree as follows:

         1. Appointment of Agent. The Issuer hereby appoints the Agent as its
Agent in the Jurisdictions for the Offering.

The Issuer further appoints the Agent to act in its behalf to sell the Offering.
The Issuer maintains the right in its sole discretion to approve or disapprove
any potential Purchaser of the Units.

         2. Acceptance of Appointment; Best Efforts. The Agent hereby accepts
the appointment described in Section I above and agrees, as Agent for the
Issuer, to use its best efforts to find purchasers for the Units in the
Jurisdictions. The Agent makes no commitment to purchase all or any of the Units
of the Offering.

         3. Other Jurisdictions. The Issuer retains the right to employ other
agents in jurisdictions other than the Jurisdictions for and in connection with
the sale of the Units. However, the Issuer, in its sole discretion, may accept
or reject those agents.

         4. Proceeds to Issuer. The net proceeds that shall be paid to the
Issuer on the sale of Units by the Agent at a price to be determined per share.

                                       1
<PAGE>

LIGHTHOUSE FINANCIAL GROUP, LLC
MEMBERS NASD, SIPC
Empire State Building                                     8360 E. Via de Ventura
350 Fifth Avenue, Suite 5807
                                                                  Building L-200
New York, NY 10118                                          Scottsdale, AZ 85258
TEL: 212-216-9732
                                                               TEL: 480-905-5525
FAX: 212-216-9735
E-mail: jrnorfit@lhfg.net

                         LIGHTHOUSE FINANCIAL GROUP, LLP

         5. Agent Compensation. (a) As compensation for its activities hereunder
and pursuant hereto, the Agent shall be paid a commission as follows:

                  i.       Each acceptance by the Company, in whole or in part,
                           of a Subscription Agreement from any prospective
                           Purchaser shall be deemed to be a separate closing as
                           of the date of such acceptance (a "Closing"). As sole
                           consideration for the services provided by Agent
                           hereunder, within five (5) days of any Closing, the
                           Company shall pay to Agent cash in an amount equal to
                           ten percent (10%) of the total principal amount of
                           any Units actually purchased by a prospective
                           Purchaser first introduced to the Company by the
                           Agent and accepted by the Company.

         6. Agent Expenses. The Agent shall be responsible for payment of all of
its, travel, printing and other expenses.

         The Issuer shall, however, reimburse the Agent for its reasonable legal
fees and disbursements related to the Offering.

         7. Subscriptions. Each subscriber purchasing Units through the Agent
shall subscribe for the Units by completing and executing a subscription
agreement in the form attached hereto as Exhibit A ("Subscription Agreement")
and delivering the completed and executed Subscription Agreement along with
payment to the Agent. The Agent will transmit such Subscription Agreements
directly to the Issuer by noon the next business day after receipt.

         8. Acceptance or Rejection of Subscriptions. The Issuer has the right
to accept or reject any subscription. Only upon the acceptance of a subscription
by the Issuer is a sale made. Upon the acceptance of a subscription, the Issuer
shall execute the acceptance on the Subscription Agreement, and shall forward a
duplicate of the accepted Subscription Agreement to the subscriber with a copy
to the Agent.

         9. Representations and Warranties of the Issuer. The Issuer represents
and warrants to, and agrees with the Agent that:

         (a)      The Issuer is a corporation duly organized, validly existing
                  and in good standing under the laws of the State of Delaware
                  with power and authority to own its properties and to conduct
                  its business as described in the Offering documents;

         (b)      The Issuer has a duly authorized and outstanding
                  capitalization as set forth in the Offering documents, its
                  capital Units conforms to the description contained in the
                  Offering documents and the Units conform to the description
                  contained in the Offering documents and the Units, when issued
                  and delivered pursuant to Subscription Agreements, shall be
                  duly and validly issued, fully paid and non-assessable;

         (c)      The Issuer shall prepare and file the Offering documents with
                  the Jurisdictions in which such filing(s) is required, if any
                  and shall use its best efforts to cause the registration or
                  exemption with each such regulatory agency to become
                  effective;

                                       2
<PAGE>

LIGHTHOUSE FINANCIAL GROUP, LLC
MEMBERS NASD, SIPC
Empire State Building                                     8360 E. Via de Ventura
350 Fifth Avenue, Suite 5807
                                                                  Building L-200
New York, NY 10118                                          Scottsdale, AZ 85258
TEL: 212-216-9732
                                                               TEL: 480-905-5525
FAX: 212-216-9735
E-mail: jrnorfit@lhfg.net

                         LIGHTHOUSE FINANCIAL GROUP, LLP

         (d)      The Offering documents does not contain any untrue statement
                  of a material fact or omit to state any material fact required
                  to be stated or necessary to make the statements in the
                  Offering documents, in light of the circumstances under which
                  they are made, not misleading;

         (e)      The consolidated financial statements and schedules filed
                  with, and as part of, the Offering documents present fairly
                  the cost of the assets, the liabilities and the capital Units
                  of the Issuer as of the dates of the statements and schedules,
                  all in conformity with generally accepted accounting
                  principles ("GAAP") applied on a consistent basis throughout
                  the entire periods involved, except that those of such
                  financial statements and schedules that are unaudited do not
                  contain the notes normally required by GAAP and are subject to
                  audit adjustments, and since the respective dates of the
                  financial statements and schedules there has been no material
                  adverse change in the condition or general affairs of the
                  Issuer, financial or otherwise, other than as referred to in,
                  or contemplated by, the Offering documents;

         (f)      The execution and delivery of this Agreement, the consummation
                  of the transactions contemplated in this Agreement and
                  compliance with the terms and provision of this Agreement
                  shall not conflict with, or result in a breach of, any of the
                  terms or provisions of, or constitute a default under, the
                  Articles of Incorporation, as amended, or the Bylaws of the
                  Issuer or any of its subsidiaries, or any indenture, mortgage
                  or other agreement or instrument to which the Issuer or any of
                  its subsidiaries is a party or by which any of their
                  respective assets or properties are bound, or any applicable
                  law, rule, regulation, judgment, order or decree of any
                  government, governmental instrumentality or court, domestic or
                  foreign, having jurisdiction over the Issuer or any of its
                  subsidiaries or any of their respective assets or properties,
                  except for instances where not material to the Issuer;

         (g)      This Agreement has been duly authorized, executed and
                  delivered on behalf of the Issuer, and is the valid, binding
                  and enforceable obligation of the Issuer; and

         (h)      No authorization, approval, consent or license of any
                  regulatory body or authority is required for the valid
                  authorization, issuance, sale and delivery of the UnitsUnits,
                  or, if so required, all authorizations, approvals, consents
                  and licenses have been obtained and are in full force and
                  effect, except for instances where not material to the Issuer.

         10. Covenants of the Issuer. The Issuer covenants that:

                (a) The Issuer shall not at any time make or file any amendment
                or supplement to the Offering documents of which the Agent
                previously has not been advised and furnished a copy, or to
                which the Agent reasonably may object in writing. The Issuer
                shall prepare and file any amendments or supplements to the
                Offering documents that in the reasonable opinion of counsel for
                the Agent may be necessary in connection with the offering and
                sale of the Units by the Agent, and shall use its best efforts
                to cause each such amendment or supplement to become effective
                as promptly as possible.

                                       3
<PAGE>

LIGHTHOUSE FINANCIAL GROUP, LLC
MEMBERS NASD, SIPC
Empire State Building                                     8360 E. Via de Ventura
350 Fifth Avenue, Suite 5807
                                                                  Building L-200
New York, NY 10118                                          Scottsdale, AZ 85258
TEL: 212-216-9732
                                                               TEL: 480-905-5525
FAX: 212-216-9735
E-mail: jrnorfit@lhfg.net

                         LIGHTHOUSE FINANCIAL GROUP, LLP

         (b)      The Issuer shall deliver to the Agent a confidential listing
                  of potential investors for the Offering, including contact
                  information for each such potential investor (the
                  "Confidential Investor List"). The Issuer shall also deliver
                  to the Agent, without charge, from time to time during the
                  term of this Agreement as many copies of the Offering
                  documents, the Offering Circular included therein (as amended
                  from time to time, the "Circular") and any other documents as
                  the Agent reasonably may request.

         (c)      The Issuer shall use its best efforts to comply with, and to
                  continue to comply with, all applicable state and federal
                  securities and other laws so as to permit the continuation of
                  the offering and sale of the Units.

         (d)      The Issuer promptly shall notify the Agent in the event of (i)
                  the issuance by any federal or state securities commission or
                  authority of any stop order suspending the effectiveness of
                  the Offering documents, or (ii) the institution or notice of
                  the intended institution of any action or proceeding for that
                  purpose. The Issuer shall make every reasonable effort to
                  prevent the issuance of such a stop order, and, if such a stop
                  order is issued at any time, to obtain the withdrawal of the
                  order at the earliest possible time.

         (e)      The Issuer will cooperate with the Agent in connection with,
                  and shall make available to the Agent such documents and other
                  information as the Agent shall reasonably require to satisfy,
                  its reasonable due diligence requirements.

         11. Representations and Warranties of the Agent . The Agent represents
and warrants to, and agrees with the Issuer that:

         (a)      The Agent is a member in good standing of the NASD and is
                  currently licensed in the jurisdictions in which the offering
                  will be sold;

         (b)      The Agent and all persons employed by it or who work for it as
                  agents have all necessary permits, licenses and permissions to
                  enable it and them to act as agent for the Issuer in the
                  offering and sale of the Units as required by applicable state
                  and federal securities and other laws; and

         (c)      Neither the Agent nor any partner, director or officer of the
                  Agent is disqualified under Rule 262 promulgated under the
                  Securities Act or any applicable disqualification provision of
                  any Jurisdiction's law.

         12. Covenants of the Agent. The Agent covenants that:

         (a)      The Agent shall not sell the Units offered pursuant to the
                  Offering documents in any manner that violates the conditions
                  imposed by applicable state or federal securities laws in
                  connection with an offer and sale of securities pursuant to
                  registrations pertaining to the Offering and under the
                  Securities Act and the registrations and/or exemptions
                  therefrom in each of the Jurisdictions.

                                       4
<PAGE>

LIGHTHOUSE FINANCIAL GROUP, LLC
MEMBERS NASD, SIPC
Empire State Building                                     8360 E. Via de Ventura
350 Fifth Avenue, Suite 5807
                                                                  Building L-200
New York, NY 10118                                          Scottsdale, AZ 85258
TEL: 212-216-9732
                                                               TEL: 480-905-5525
FAX: 212-216-9735
E-mail: jrnorfit@lhfg.net

                         LIGHTHOUSE FINANCIAL GROUP, LLP

         (b)      The Agent shall use its best efforts to contact all of the
                  potential investors listed in the Confidential Investor List
                  to be provided by the Issuer for purposes of Offering and
                  selling the Units in the Offering. The Agent shall be limited
                  to offering the Units solely to the potential investors listed
                  in the Confidential Investor List, and the Agent shall not be
                  required to contact any additional potential investors listed
                  in the Confidential Investor List not already contacted by the
                  Agent, after the Issuer has accepted Subscription Agreements
                  from investors for the total amount of Units available in the
                  Offering.

         13. Termination of Agreement. This Agreement may, subject to the other
provisions hereof, be terminated as follows:

         (a)      At any time prior to the commencement of the Offering, the
                  Issuer may, by notice to the Agent, terminate this Agreement;
                  and at any time prior to the commencement of the Offering, the
                  Agent may, by notice to the Issuer, terminate this Agreement;

         (b)      By the Agent at any time by notice to the Issuer because of
                  any failure on the part of the Issuer to comply with any of
                  the terms and provisions, or to fulfill any of the conditions
                  hereof, or if for any reason the Issuer is unable to perform
                  its obligations hereunder;

         (c)      By the Issuer at any time by notice to the Agent because of
                  any failure on the part of the Agent to comply with any of the
                  terms and provisions, or to fulfill any of the conditions
                  hereof, or if for any reason the Agent is unable to perform
                  its obligations hereunder;

         (d)      By the Issuer at any time by notice to the Agent because of
                  disapproval of the terms of this Agreement by the NASD, SEC,
                  or any state securities regulatory authority charged with
                  approving such agreements or the registration of the Offering
                  or any exemption therefrom. However, without first terminating
                  this Agreement, the Issuer and the Agent, by mutual written
                  consent, may amend this Agreement, by adding, deleting, or
                  modifying any of the provisions hereof if necessary to obtain
                  approval of this Agreement or of the offering by the NASD,
                  SEC, or any state securities regulatory authority.

         (e)      Upon the occurrence and satisfactory completion of the
                  offering and sale of all of the Units and the distribution of
                  the proceeds to the Agent.

         14. Indemnification. The Issuer shall indemnify and hold harmless the
Agent and each person, if any, who controls the Agent within the meaning of
Section 15 of the Securities Act from and against any and all losses, claims,
damages, expenses or liabilities, joint or several, to which they or any of them
may become subject under the Securities Act or under any other statute or at
common law or otherwise, and, except as provided below, shall reimburse the
Agent and each controlling person, if any, for any legal or other expenses
reasonably incurred by them or any of them in connection with investigating or
defending any actions whether or not resulting in any liability, insofar as the
losses, claims, damages, expenses, liabilities actions or expenses

                                       5
<PAGE>

LIGHTHOUSE FINANCIAL GROUP, LLC
MEMBERS NASD, SIPC
Empire State Building                                     8360 E. Via de Ventura
350 Fifth Avenue, Suite 5807
                                                                  Building L-200
New York, NY 10118                                          Scottsdale, AZ 85258
TEL: 212-216-9732
                                                               TEL: 480-905-5525
FAX: 212-216-9735
E-mail: jrnorfit@lhfg.net

                         LIGHTHOUSE FINANCIAL GROUP, LLP

(collectively, "Losses") arising out of or are based upon any untrue statement
or alleged untrue statement of a material fact contained in the Offering
documents, or arising out of or based upon the omission or alleged omission to
state a material fact contained in the Offering documents, or arising out of or
based upon the omission or alleged omission to state a material fact required to
be stated in the Offering documents necessary in order to make the statements in
the Offering documents not misleading, unless the untrue statement or omission
was made in the Offering documents in reliance upon and in conformity with
information furnished in writing to the Issuer by the Agent directly or through
counsel expressly for the purpose of inclusion therein. However, this
indemnification provision shall not benefit the Agent or any person controlling
the Agent if the Agent failed to send or give a copy of the Offering documents
to a person at or prior to the time an offer of Units was made to that person,
or acted in violation of any covenants made by it herein.

         Promptly after receipt by the Agent or any person controlling the Agent
of notice of the commencement of any action with respect to which
indemnification may be sought from the Issuer under this Section, the Agent
shall notify the Issuer in writing of the commencement, and, subject to the
provisions stated below, the Issuer shall assume the defense of the action
(including the employment of counsel and the payment of expenses) in so far as
the action relates to any alleged Losses with respect to which indemnification
may be sought from the Issuer. The Agent or any person controlling the Agent
shall have the right to employ separate counsel in any action and to participate
in the defense of the action, but the fees and expenses of such counsel must be
specifically authorized in writing by the Issuer before being incurred. The
Issuer shall not be liable, and shall not be required, to indemnify any person
in connection with any settlement of any action effected without the Issuer's
consent in writing.

         The Agent shall indemnify and hold harmless the Issuer, each of its
directors, each of its officers, and each person, if any, who controls the
Issuer within the meaning of Section 15 of the Securities Act from and against
any and all Losses to which they or any of them may become subject under the
Securities Act or under any other statute or at common law or otherwise, and,
except as provided below, shall reimburse the Issuer and each director, officer
or controlling person, if any, for any legal or other expenses reasonably
incurred by them or any of them in connection with investigating or defending
any actions whether or not resulting in any liability, (i) insofar as the Losses
arise out of or are based upon any untrue statement or alleged untrue statement
of a material fact contained the Offering documents, or arise out of or are
based upon the omission or alleged omission to state a material fact required to
be stated in the Offering documents or necessary in order to make the statements
in the Offering documents not misleading, but only in so far as the untrue
statement or omission was made in the Offering documents in reliance upon and in
conformity with information furnished in writing to the Issuer by the Agent
directly or through counsel expressly for the purpose of inclusion therein, or
(ii) in so far as the Losses arise out of or are based upon any statements made
or action taken in connection with an offer or sale in connection with the
offering and under the Securities Act and the registrations and/or exemptions
therefrom in each of the Jurisdictions.

         Promptly after receipt of notice of the commencement of any action with
respect to which indemnification may be sought from the Agent under this
Section, the Issuer shall notify the Agent in writing of the commencement, and,
subject to the provisions stated below, the Agent shall assume the defense of
the action (including the employment of counsel and the payment of expenses) in
so far as the action relates to any alleged Losses with respect to which

                                       6
<PAGE>

LIGHTHOUSE FINANCIAL GROUP, LLC
MEMBERS NASD, SIPC
Empire State Building                                     8360 E. Via de Ventura
350 Fifth Avenue, Suite 5807
                                                                  Building L-200
New York, NY 10118                                          Scottsdale, AZ 85258
TEL: 212-216-9732
                                                               TEL: 480-905-5525
FAX: 212-216-9735
E-mail: jrnorfit@lhfg.net

                         LIGHTHOUSE FINANCIAL GROUP, LLP

indemnification may be sought from the Agent. The Issuer and each director,
officer or controlling person shall have the right to employ separate counsel in
any action and to participate in the defense of the action, but the fees and
expenses of the counsel shall not be the expense of the Agent unless the
employment of the counsel has been specifically authorized in writing by the
Agent. The Agent shall not be liable, and shall not be required, to indemnify
any person in connection with any settlement of any action effected without the
Agent's consent in writing.

         15. Contribution. If the indemnity referred to in Section 14 should be,
for any reason whatsoever, unenforceable, unavailable or otherwise insufficient
to hold each indemnified person harmless, the indemnified person shall pay to or
on behalf of each indemnified person contributions for Losses so that each
indemnified person ultimately bears only a portion of such Losses as is
appropriate (i) to reflect the relative benefits received by each such
indemnified person, respectively, on the one hand and the indemnifying person on
the other hand in connection with the transaction, or (ii) if the allocation of
that basis is not permitted by applicable law, to reflect not only the relative
fault of each such indemnified person, respectively, and the indemnifying person
as well as any other relevant equitable considerations. The respective relative
benefits received by the Agent and the Issuer shall be deemed to be in the same
proportion as the aggregate commission paid to the Agent bears to the total
gross proceeds of the Offering. The relative fault of each indemnifying person
shall be determined by reference to, among other things, whether the actions or
omissions to act were by such indemnifying person and the parties' relative
intent, knowledge, access to information and opportunity to correct or prevent
such action or omission to act.

         16. Provisions to Survive Delivery. The representations, warranties,
covenants, indemnities, understandings, agreements, and other statements of the
Issuer and the Agent contemplated by, set forth in, or made pursuant to, this
Agreement and the indemnification agreements of the Issuer and the Agent shall
survive delivery of, and payment for, the Units.

         17. Arbitration. Any dispute arising out this Agreement or breach
hereof shall, at the election of A party hereto, by written notice to the other
(the "Non-electing Party"), be referred to the American Arbitration Association
(the "AAA") to be settled by arbitration in the city and state where the
Non-electing Party, or its principal executive office, is located under the then
existing Commercial Arbitration Rules of the AAA. Any arbitration conducted
pursuant hereto shall be conducted by a recognized independent and impartial
arbitrator mutually agreed to by the Issuer and the Agent involved in such
dispute, or, if they cannot agree, by three (3) arbitrators, one chosen by the
Issuer, one chosen by the Agent and the third (who shall be a recognized
independent and impartial arbitrator and who shall act as chairperson of the
arbitrators) selected by the first two arbitrators; provided, however, that if
either party fails to appoint an arbitrator within fifteen (15) calendar days of
its receipt of written notice by the other that the other has appointed an
arbitrator, the arbitration shall be conducted by an arbitrator selected by the
AAA. If the arbitrators selected by the issuer and the Agent fail to agree on a
third arbitrator, the third arbitrator shall be appointed by the AAA. All costs
of each arbitration pursuant to this Section (including, without limitation, all
fees of the arbitrator(s) and attorneys' fees) shall be borne by the party whose
last written offer of settlement (or claim if no offer of settlement was made by
such party) differed by a greater amount from the award made by the
arbitrator(s), or in the case of an arbitration to determine a matter other than
a dollar amount or percentage, by the party against whom the decision of the
arbitration(s) shall be rendered, as such issue is determined by the

                                       7
<PAGE>

LIGHTHOUSE FINANCIAL GROUP, LLC
MEMBERS NASD, SIPC
Empire State Building                                     8360 E. Via de Ventura
350 Fifth Avenue, Suite 5807
                                                                  Building L-200
New York, NY 10118                                          Scottsdale, AZ 85258
TEL: 212-216-9732
                                                               TEL: 480-905-5525
FAX: 212-216-9735
E-mail: jrnorfit@lhfg.net

                         LIGHTHOUSE FINANCIAL GROUP, LLP

arbitrator(s); provided, however, that no offer of settlement shall be disclosed
by a party to the arbitrator(s) until after the arbitrator(s) has (have)
rendered an award or decision on the merits.

         Any award granted or decision reached pursuant to arbitration hereunder
shall be final and binding upon the parties and payment shall be made as so
determined within seven calendar days of the date of the award or decision.
Judgment upon the arbitration award or decision may be entered in any court
having competent jurisdiction.

         18. Governing Law. This Agreement shall be construed in accordance with
the laws ofthe State of New York without regard to conflict of law principles.

         19. Assignment. Neither this Agreement nor any interest of any party
herein may be assigned, pledged or transferred without the prior written consent
of the parties hereto.

         20. Binding Effect. This Agreement inures to the benefit of, and is
binding upon, the parties hereto, and their respective heirs, representatives,
successors, assigns and controlling person, but nothing herein shall be
construed as an authorization or right of any party to assign its rights and
obligations hereunder. A successor or an assign does not include a purchaser of
Units of the Issuer solely by reason of that purchase.

         21. Waiver. No waiver of any provision hereof is valid unless it is in
writing and signed by the person against whom it is charged.

         22. Notice. Any notice required or permitted to be given pursuant
hereto must be in writing addressed to the person at the address specified
herein, or at an address changed in this manner.

         23. Entire Agreement. This Agreement, including all exhibits,
constitutes the entire agreement among the parties with respect to the subject
matter hereof.

                                       8
<PAGE>

LIGHTHOUSE FINANCIAL GROUP, LLC
MEMBERS NASD, SIPC
Empire State Building                                     8360 E. Via de Ventura
350 Fifth Avenue, Suite 5807
                                                                  Building L-200
New York, NY 10118                                          Scottsdale, AZ 85258
TEL: 212-216-9732
                                                               TEL: 480-905-5525
FAX: 212-216-9735
E-mail: jrnorfit@lhfg.net

                         LIGHTHOUSE FINANCIAL GROUP, LLP

                IN WITNESS WHEREOF, the parties hereto have executed this
Agreement on the day, month and year first written above.

           THE ISSUER:                          VIRTGAME.COM, CORP.

                                                By:  /S/ Leo I. George
                                                     -----------------
                                                     Leo I. George
                                                     Chairman of the Board

           THE AGENT:                           Lighthouse Financial Group, LLC

                                                By:  /S/ Robert J. Bradley
                                                     ---------------------
                                                     Robert J. Bradley
                                                     Principal/ Partner

                                       9

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