Document:

February 11, 2013

 

Prateek Gattani, Chief Executive Officer

IDC Technologies, Inc.

1851 McCarthy Blvd., Suite 116

Milpitas, CA 95035

 

		RE:	Proposed Acquisition of IDC Technologies, Inc. and
Related Entities

 

Dear Mr. Gattani:

This binding letter of intent is intended to summarize the principal
terms of a transaction by Staffing 360 Solutions, Inc., a publicly held Nevada corporation (OTC BB STAF) (“Staffing 360”
or the “Buyer”), regarding the acquisition of all of the issued and outstanding stock (the “Transaction”)
of IDC Technologies, Inc. (“IDC”) from Prateek Gattani, the sole stockholder of IDC (the “Seller”). The
business of IDC is hereinafter referred to as the Business. In this letter, the Buyer and Seller are individually called a “Party”
and collectively called the “Parties”.

 

The Parties agree that the Transaction will proceed on the following
basis:

 

1. Consideration. At Closing,
Buyer will pay Seller the aggregate purchase price equal to 4 times the trailing twelve month reconstructed EBITDA. For the purposes
of an example, based on the reconstructed EBITDA as of 09/30/2012 which is estimated to be the sum of approximately $3,350,827,
the total Purchase Price is estimated to be $13,403,308 to be paid as follows:

 

(a) Cash at Closing. 50% of the
consideration, which is estimated at $6,701,654 in this case will payable by wire transfer to Seller at Closing subject to a mutually
agreed upon working capital adjustment that addresses inventory and certain trade payables.

  

(b) Promissory Note. 50% of
the consideration, which is estimated at $6,701,654 in this case, will be in the form of a promissory note. Buyer will
execute and deliver to Seller, at Closing, a Promissory Note (the “Note”) bearing interest at the rate of 8% per
annum with 42 monthly payments of principal and interest. Payment will begin six months after Closing and quarterly
thereafter. The note payment is contingent on keeping the gross profit not less than 10% below the trailing twelve month run
rate. If payments are suspended for some period due to low gross profit, payments can resume when the gross profit exceeds
the trailing twelve month run rate and can continue until the full principal balance plus interest has been paid as long as
the gross profit exceeds the trailing twelve month run rate.

 

    	 

    	 	

    
  

(c) Vendor Agreement. Staffing 360
will enter into a separate agreement for IDC India to provide certain services to Staffing 360 for a period of 42 months with a
fee to be determined on a monthly basis as mutually acceptable to both parties. The intention is that the same rates will continue
to be charged for actual services provided. As a result, rates are likely to increase as more services are provided with the growth
of IDC over time. Additionally, Staffing 360 would allow IDC India to serve other US clients subject to Staffing 360’s prior
approval, which it would give as long as the proposed US client was not a direct competitor of IDC US.  

 

(d) Employment Services. As a condition
of the Transaction, Prateek Gattani will be employed by the Buyer for a period of time and for an amount of compensation to be
agreed upon. Staffing 360 will enter into a separate employment agreement with Prateek Gattani which will include a salary and
a commission structure for 42 months.

 

(e) Performance
based earn out. After the closing, Prateek Gattani will be paid 5% of the Gross Profits based on amount of Gross Profit of
the trailing 12 month run rate at closing (Gross Revenues minus the cost of sales) for anything over the trailing 12 month baseline,
Prateek Gattani will be paid 10% of the Gross profit. Payments to be made on a quarterly basis for a period of up to 42. months

 

2. Accounts Receivable and Working
Capital. At Closing, the Accounts Receivable is currently estimated at $11,008,483 and will be specifically listed on an
Exhibit to the Stock Purchase Agreement. Seller be paid on collection of all Accounts Receivable over 90 days and will not exceed
$2,750,000 and shall be paid promptly when those items are collected.

 

3. Assumed Liabilities. At
Closing, Buyer will assume only those liabilities specifically agreed to by the Buyer estimated in this example to be $5,549,169
to the extent and within typical market terms and specifically listed on an Exhibit to the Asset Purchase Agreement; Seller’s
obligations under any ongoing contracts or leases expressly assumed by the Buyer to the extent specifically listed on an Exhibit
to the Asset Purchase Agreement.

 

4. Closing. The parties anticipate
the Closing of the Transactions will occur promptly following the satisfaction of all conditions to Closing which either party
may reasonably require. The Closing will occur within 30 days from delivery of Audited financial statements.

 

5. Financing. The Transaction
shall be conditioned upon Buyer having sufficient funds available in the amount which will satisfy the terms of the Transaction.

 

6. Terms and
Conditions. The terms and conditions of the Transaction shall be more fully set forth in a Stock Purchase Agreement
(the “Stock Purchase Agreement”) which will contain usual and customary representations, warranties,
indemnifications, covenants and other agreements of the Parties as are customary for transactions of this type. The Closing
will be contingent upon the satisfaction of such reasonable conditions precedent as the Buyer may require in the Stock
Purchase Agreement. Seller will agree to indemnify Buyer for breaches of the representations, warranties or covenants
contained in the Stock Purchase Agreement or fraud on the part of any Seller or IDC for a period of 2 years after the
closing.

 

    	 

    	 	

    
  

7. Conditions to Closing
The Transaction is subject to customary conditions appropriate for an acquisition of this type, including without limitation:

 

(i) Completion by Buyer and its advisors
of all business, tax, accounting, legal and other due diligence review of IDC with results satisfactory to Buyer in all respects;

(ii) The negotiation and execution of the
Stock Purchase Agreement;

(iii) Buyer receiving sufficient financing
for the Transaction;

(iv) No material adverse change in the
Business, operations, prospects or financial condition of IDC;

(v) The representations and warranties
of all parties being true and correct at signing and closing;

(vi) Receipt of all governmental, regulatory
and third party requisite approvals and consents;

(vii) Completion of an audit of IDC with
results satisfactory to Buyer in all respects;

(viii) Compliance with all applicable federal
and state laws, rules and regulations; and

(ix) Receipt of customary legal opinions
as to IDC and the IDC stock to be purchased. 

 

8. Non-Compete, Non-Solicitation
and Confidentiality Agreements. Key management personnel from IDC will be required to execute a non-competition, non-solicitation
and confidentiality agreement in favor of Buyer for a reasonable period following the Closing.

 

9. Access. After the execution
of this letter, the Seller and the Shareholder agree to cooperate with the Buyer’s due diligence investigation and to provide
the Buyer and its representatives with prompt and reasonable access to all information pertaining to the Business.

 

10. Conduct of Business. Until
the later of the execution of the Stock Purchase Agreement, the Closing, or the termination of good faith negotiations of the Parties
toward a Stock Purchase Agreement , Seller will refrain from any transactions outside its ordinary course and inconsistent with
its past practices of the business without the prior written consent of the Buyer. Closing will be conditioned upon Seller operating
the Business in a manner so as to maintain its current customers, sales level and value prior to Closing.

 

    	 

    	 	

    
 

11. Confidentiality. Each
of the Parties agrees to keep all confidential information received by it regarding the other Parties confidential and to not disclose
such information or use it in competition with or to the detriment of the other Parties without the prior written consent of the
disclosing Party. Buyer hereby reaffirms the binding nature of the Confidentiality Agreement previously executed by Buyer in favor
of Seller on January 7, 2012.

 

12. Costs. Each Party will
pay all of its expenses, including legal, accounting and other fees incurred in connection with the possible Transaction. In order
for IDC to be prepared for providing audited financial statements, the seller agrees to bring in River Star Professional Group
to perform due diligence as a group that has been approved by the buyer and has experience with SEC and PCAOB audit standards.
The Buyer will reimburse the seller at closing for the costs associated with the due diligence group as agreed in writing. Buyer
will engage Sherb and Co. as the accounting firm which is in good standing with the Public Company Accounting Oversight Board (PCAOB)
to audit the financial statements of the Seller for the two prior fiscal reporting periods ending December 31, 2011 and December
31, 2012 and applicable stub periods as required by the SEC.

 

13. Taxes. Any income or
similar tax resulting from the sale of the IDC stock will be paid by Seller. Seller shall indemnify Purchaser from such tax liabilities.

 

14. Entire Agreement. This
agreement constitutes the entire agreement between the Parties, and supersede all prior oral or written agreements, understandings,
representations and warranties, and courses of conduct and dealing between the Parties on the subject matter hereof. Except as
otherwise provided herein, this Agreement may only be amended or modified in writing, executed by all of the Parties.

 

15. Termination. After the
execution of this Agreement by the parties, this Agreement may only be terminated upon: (i) the mutual written agreement of the
parties, (ii) upon the written notice by either party of its failure to meet a closing condition, or (v) upon written election
of either party upon a material breach of any terms or conditions of this Agreement and failure to cure such breach within 30 days
of receipt of written notice by the terminating party.

 

16. Attorney Fees. In the
event it becomes necessary for any Party hereto to employ legal counsel or to bring an action at law or other proceedings to enforce
any of the terms of this Agreement, the prevailing party in any such action or proceeding shall be entitled to recover its costs
and reasonable attorneys fees from the non-prevailing party.

 

17. Governing Law.
This Agreement, the rights and obligations of the parties hereunder, and the Stock Purchase Agreement, and any claims or
disputes relating thereto, will be governed by and construed under and in accordance with the laws of the State of New York,
without regard to conflict of law rule or principle that would result in the application of any laws other than the laws of
the State of New York.

 

18. Counterparts. This letter
may be executed in one or more counterparts, via original signature or any facsimile or other electronic signature, each of which
will be deemed to be an original and all of which, when taken together, will be deemed to constitute one and the same agreement.

  

    	 

    	 	

    
 

 

If you are in agreement with the foregoing, please sign and
return one copy of this letter agreement no later than 5:00 p.m. EST on Monday, February 11, 2013, which thereupon will constitute
our agreement with respect to the proposed Transaction.

 

	Very truly yours,	 
	 	 	 
	/s/ A.J. Cervantes	 

	 	 	 
	By:	A.J. Cervantes, President	 
	 	 	 
	Duly executed and agreed:	 
	 	 	 
	IDC Technologies, Inc.	 
	 	 	 
	By:	/s/ Prateek Gattani	 
	 	 	 
	Prateek Gattani, CEO	 
	 	 	 
	Date: 2/11/13Junket Promoters Agreement

 

Signed by following parties:

 

		1.	Galaxy Casino, S.A, its office address is located at 17/F, Starworld
Hotel Avenida da Amizade, Macau with business registration number 15066(SO) in the Macau Business Registration Office (Hereinafter
as “Party A”)

 

		2.	The Individual or Company referred as Party B in appendix 1 of this agreement (Hereinafter as “Party
B”)

 

Whereas:

 

		1.	Party A is the Company for the Concessionaire for Operation of
Games of Fortune or Chance or Other Casino Games under the deed “Concessionary Contract for the operation of Games of Fortune
or Chance or Other Casino Games” dated 26 June 2002, between Party A and the Government of Macau Special Administrative Region
(Hereinafter as “Macau Government”) (Hereinafter as “Initial Contract”).

 

		2.	By deed dated 19 December 2002, a supplementary concessionary
contract for the operation of Games of Fortune or Chance or Other Casino Games was made between Party A and the Macau government
(Hereinafter as “Supplementary Contract”).

 

		3.	The Initial Contract and the Supplementary Contract collectively shall be known as “Concessionaire
Contract” within this agreement.

 

		4.	Party B is a Junket Promoter which has obtained a Junket Promoter License which number is referred
in Appendix 1 issued to Party B by the Gaming Inspection and Coordination Bureau (Hereinafter known as “DICJ”) according
to the Administrative Regulation no. 6/2002 .

 

		5.	Party B has signed and submitted an application to Party A (Hereinafter as “Application”)
for Fortune Gaming Junket Promotion Activities (Hereinafter as “Gaming Junket Promotion Activities”) in the casino
of Party A. Party A approved Party B’s Application. Both parties agreed that the descriptions in the Application are considered
as part of the conditions of the Gaming Junket Promotion Activities to be carried by Party B.

 

		6.	Both signing parties have reach mutual understandings and formulated this agreement for mutual
execution.

 

    	 

    	 

    

 

Content of this Agreement

 

		Articles 1	Junket Promoters Activities for Games of Fortune

 

		1.	According to each term in this agreement:

		i)	Party A agreed Party B carry out Gaming Junket Promotion Activities in casinos operated or designated
gaming areas (Hereinafter as “Casino” ) operated by Party A.

 

		ii)	Party B agreed to provide Gaming Junket Promotion Services for Party A.

 

		2.	Gaming Junkets Promotions Activities refer to the service of providing transportation and accommodation,
food and drinks, entertainments and other convenient etc. in the hotel within the casino premises to the customers by Party B and
at the expenses of Party B during the validity period of its Gaming Promoter’s License to promote the customers to undergo
casino lucky gaming or other kind of gaming activities in return for commission or other rewards paid by Party A as compensation
to Party B

 

		3.	In order for Party B to carry out Gaming Junket Promotion Activities, Party A approved Party B
and its gaming customers to use dedicated VIP rooms listed in Attachment II (Hereinafter refer as “Dedicated VIP Rooms”)
and gambling tables (Hereinafter as “Dedicated Gaming Tables”) Except for individuals denied entrance to casinos by
law or informed by Party A, the customers of Party B also may not be guarantee to be able to bet in other VIP rooms of Party A

 

		Articles 2	The Responsibilities

		1.	The responsibilities for Party A includes managing and controlling operation of the Dedicated VIP
rooms and also has authority to provide different format of betting and number of betting tables operating. Party A will review
and decide the number of gaming tables in the Dedicated VIP Rooms, operational model and regulations of the Designated VIP Rooms,
and / or the formulation of calculation of revenue sharing according to market situation and business turnover in the Designated
VIP rooms. At those particular moments of market change or issuing guideline, promulgating the law and regulation, executing new
regulation or other measures for gambling activities from Macau government, Party A is able to decide the amendment of each term
in this agreement separately including but not limit to the increase or reduction of the number of betting tables in the Designated
VIP Rooms, areas of Designated VIP Rooms, adjust division model into computing and so on.

 

		2.	The responsibilities for Party B include touting for and arranging customers to proceed to gambling
in the Designated VIP Rooms. Moreover, Party B is responsible for providing transportation, accommodation, entertainment, food
and beverage and so on to the customers.

 

		Articles 3	Designated Venue and Gaming Tables

		1.	Party B can choose the name of the Designated VIP Rooms from the instituted list provided by Party
A. The Name can be used only after being agreed by Party A and upon approval of the application by DICJ,

 

		2.	The Designated Gaming Tables are only for baccarat or other gaming purpose approved by Party A.

 

    	 

    	 

    

 

		3.	i) Within the Dedicated VIP Rooms, Party B can use its designated cage, administrative office,
staff restroom (share with other people) and client lounge / dining area. Party B will also be alloted a certain number of parking
spaces.

 

ii) All partitions, decoration,
installations mentioned, and where any alteration, maintenance or fixing, renewal shall be decided by Party A. Any renovation needs
for cage and administrative office shall be borne by Party B. Other renovation needs can be carried out after the approval of Party
A and according to the prior instruction of Party A.

 

iii) The decoration for the commencement
of business of the Designated VIP Rooms will be provided by Party A and will be passed to Party B at the existing condition. Party
A shall be responsible for the future changes, decoration and maintenance fee.

 

iv) Party A shall be responsible
for the basic decoration of ceiling, floor and wall of the account room and office. All other items including decoration, partition
and facilities (including furniture, CCTV, and other facilities) and any subsequent changes, maintenance and redecoration shall
be the responsibility of Party B.

 

V) To avoid any argument, although
the related charges are borne by Party B, all the facilities in the Designated VIP Rooms including the above mentioned decoration,
partition and facilities are the assets of Party A and Party B shall not be allowed to appeal for the ownership for these assets.
Party B shall return to Party A, without any additional burden, the Reserved VIP Rooms at the end of contract.

 

		4.	i) Party A will provide, by means of centralization, to provide the facilities of dining for the
staff and customer’s rest room and dinning room. Party B allows Party A to deduct such amount monthly from the benefit according
to Article 6. For the facilities of account room and office, if Party A provide the facilities and Party B accepted to use, Party
B will Party A according to the above arrangement.

 

ii) The fee
of water, air-condition and rental are to be borne by Party A.

 

		5.	If Party A provide the management services
for the Reserved VIP Rooms and car park assigned to Party B, if any, Party B shall pay Party A the central management fee monthly.
Party B agreed that the management fee can be adjusted by Party A according to the market and the operation conditions of Party
B. The revised management fee can be collected according to the agreement when the notice is passed from Party A to Party B.

 

    	 

    	 

    
 

		Articles 4	Basic Operation Condition and Regulations

		1.	All the customer of Party B will be given a dedicated casino chips (Hereinafter refer as “Cash
Chips”). which can be used in any gambling table. For the gaming promotion business provided by Party B, Party A will provide
another set of special casino chips (Hereinafter refer as “Dead Chips”) for the customer of Party B. Dead Chips cannot
be exchanged for cash, cheque or Cash Chips. The customer of Party B can use the Dead Chips and Cash Chips on the designated gambling
tables. But Dead Chips can only be used at the Designated Betting Tables of Party A. Both Cash Chips and Dead Chips are calculated
base on HKD.

 

		2.	Cash Chips must be bought by equal amount of HKD. Dead Chips can be bought by equal amount of HKD
or Cash Chips. Party A will not accept any cashier’s order or check that has not been negotiated.

 

		3.	Party B shall be responsible for the credit facilities of the designated VIP room or its gaming
customers or its collaborators and shall assure that these credit facilities is with compliance with the relevant laws and regulations
and also to shoulder the bad debt of those customers and collaborators.

 

		4.	Party B can make application to Party for adjustment of the upper and lower betting limit of the
dedicated betting tables but could exercise only after the consideration and approval of Party A.

 

		5.	Customers of Party B when betting on the dedicated gaming tables, may use Dead Chips and Cash Chips,
should the result of the betting is the customer wins, Party A will pay to the customer in Cash Chips the amount which the customer
wins in that betting (but excluding the original Dead Chips which the customer bets). When the customer finished playing and requested
to exchange the Gaming Chips to cash, Party A will redeem the customer with cash or check according to the balance Cash Chips of
the customer.

 

		6.	Party B will endeavor to make more effort to promote the gambling business and the Dedicated VIP
Room to a leading position in Macau’s gambling business, and also promised to purchase a certain number of Dead Chips (i.e.
Rolling Amount). Party A can, according to the market situation, set and adjust the minimum Dead Chips per month (Hereinafter as
“Minimum Rolling Amount”) to be purchased by Party B, and to set a handling procedure for not meeting the target.

 

		7.	At any time, Party B must maintain a designated amount of Dead Chips requested by Party A in the
cage of the Dedicated VIP Rooms as basic operation dead chips. Should the amount of these Dead Chips is last Party A’s designated
amount, Party B shall refill the difference within 2 working days after 6:00 am of that day.

 

		8.	Party A has the right to check and monitor the gambling business run by Party B, especially whether
Party B has complied with the law, rule and the terms and conditions of this agreement. Because of this, the senior staffs or the
assigned staff or representative of Party A can access at any time to any place of the Dedicated VIP Rooms including cage, office
and rest room of staff to check the relevant documents, records and monitor the gaming promotion business of Party B. Party B shall
provide any documentations relation to Party B and its gaming promotion business at the request of Party A for investigation.

    	 

    	 

    

 

		9.	The rules and regulations for the whole casino (including the Dedicated VIP Rooms) are set up,
amended and operated by Party A. Party B, its staffs, collaborators and customers must strictly follow this kind of regulations
and operations.

 

		10.	Party A may sets up the safety, conduct and security regulations, and set up and amend form time
to time, guidelines, requirements, rules and/or policies for gaming promotion business for the entire casino (including the Dedicated
VIP Rooms) . Party B and its staffs, collaborators and customers must strictly follow.

 

		11.	All the items that need Party A’s decision, or
rules set up by Party A, or addendum of agreement terms and conditions, those changes will be effective upon written notice from
time to time by Party A to Party B.

 

		Articles 5	Minimum Rolling Chips

During the validity of this agreement, Party B promised
that the rolling chips amount for every month shall not be less than the minimum rolling chips amount stated in that application
or the minimum rolling chips amount agreed after discussion between Party A and Party B and with written confirmation by Party
A.

 

		Articles 6	Compensation and Offset

		1.	As a compensation of Party B for providing Gaming Promotion activities for Party A and agreeing
to comply with the terms and conditions of this agreement, Party A agree to pay Party B a monthly reward, bonus or subsidy (if
any) (Hereinafter as “Designated Reward”) according to calculation base a designated method in Attachment 1. The method
of the calculation of the Designated Reward is fully described in Attachment 1. The terms and conditions for food incentives, rooms
and ferry incentives (if any) mentioned in Attachment 1 is decided by Party A and will be amended if necessary. Should Party B
wants to choose another method of calculation which Party A offers to its Junket Promoters, Party B should apply to Party A in
advance and have Party A’s approval. Should Party A submit an application to Party A 15 days before the end of the month
of any month, after Party A approved, the change can be effective on the first day of the coming month.

 

		2.	Excluding the Designated Reward, Party B has no right to request from Party A for compensation
of any loss or cost incurred during the operation of Junket Promoters Activities. Party B should be fully responsible for these
costs.

 

		3.	For the Designated Reward which Party B gets each month, Party A will first deduct the tax amount
required by laws from the bonus and commission and pay punctually according to the advice of the Macau Government

 

		4.	Party B agreed that Party A can deduct or offset all and any amount that Party B owed or should
pay to Party A from the designated compensation that Party A should paid to Party B. including any amount caused by Party B for
not executing or violating any obligation of this agreement. Moreover, Party B agreed Party A to deduct or offset all and any amount
which Party B owed Party A under any agreement between Party A and Party and under this agreement.

 

    	 

    	 

    
 

		5.	Party A agreed to pay Party B the Designated Compensation of that month after deduction of all
amount that should be deducted within 5 working days after the cut off date each month.

 

		6.	Under any circumstances, Party B is prohibited to request the Designated Compensation to exceed
the cap as regulated by law (should that cap is applicable to this agreement).

 

		Articles 7	Business Promotion

		1.	Party A and Party B must jointly plan the business promotion activities of the Designated VIP Rooms;
all the charges incurred are to be paid by Party B.

 

		2.	All arrangement of promotional activities and contents of promotion materials must be prior studied
and approved by Party A before announcing to the public.

	 	 	 

 

		Articles 8	Collaborator

		1.	For dealing with the gaming promotion business, Party B can be allocated with freely chosen collaborators.
The collaborators chosen from time to time by Party B must be prior approved by Party A. Should the collaborator is a company,
Party B should submit to Party A simultaneously together with the application of approval of choice of collaborators, the relevant
documents and information of the collaborator company as requested by Party A. The candidates of collaborators, numbers, qualifications
and changes must be approved by DICJ. DICJ has also the right to cancel the qualification the collaborator at any time and Party
may not employ any person whose collaborator qualification has been disqualified by DICJ.

 

		2.	Party B must comply with the administrative regulation no. 6/2002 especially according to the requirement
of article 17 to allocate the collaborator and strictly comply to the other articles as stated in the executive rule.

 

		3.	Party B shall be responsible for the payment of commission, other compensation and relevant tax
which the collaborator deserves.

 

		4.	Party B bear jointly responsibilities for the collaborators’ behavior and activities in the
casino and bear jointly responsibilities for the compliance of laws and regulations which is applicable to its collaborators.

 

		Articles 9	Staffs

		1.	For dealing with the gambling promotion business, Party B should allocated enough and qualified
staffs with relevant experience. The staffs chosen from time to time must have the prior approval of Party A.

 

		2.	Party B may not employ any person who has been rejected by DICJ, prohibited to enter or prohibited
employment within casino or having criminal record for improper behavior.

 

    	 

    	 

    
 

		3.	Party B should submit within the timeframe stated in administrative regulation no. 6/2002, the
list of key staffs proposed and the information disclosure and declaration in compliance of that administrative regulation

 

		4.	The staff of Party B needs to wear uniform when performing duties in the casino. The style of the
uniform should in accordance with the requirements and standards of Party A, and to be approved by Party A before usage. Party
A has the right to request Party B to change the style of the uniform of the staffs.

 

		5.	Party B is responsible the salary and benefits of all of the staffs employed in the Dedicated VIP
room.

 

		6.	Party B bear jointly responsibilities for its staff’s activities, behavior and compliance
of the law within the casino.

 

		Articles 10	Personal Working Permit and Name Card

		1.	Party B or (if Party B is a company) its directors, key staff and collaborators and all primary and secondary staffs under
the employment of Party B, should wear personal working permit with their photo issued by Party A in the gaming area when performing
their duties. If any above mentioned person is replaced or resigned, Party B should immediately return those working permits to
Party A for cancellation.

 

		2.	All name cards of individual hired and employed by Party B including collaborators of Party B, may be printed and use only
under the approval and consent of Party A. Party A may at anytime request Party B to cease using or amend the name cards of its
directors or major staffs.

 

		Articles 11	Gaming Junket Promoters License must be continuously
valid

		1.	Party B should maintain continuously the validity of the Gaming Junket Promoter License and in
accordance to articles 14 of administrative regulation no. 6/2002 renew according to the regulated time and accept the examination
of appropriate qualification by DCIJ, pass from time to time the character by Party A and comply with other requirements (if there
is ) . Party B shall inform Party A within 5 days after each renewal of its gaming junket promoters license and shall submit to
Party A the copy of the license and relevant documents.

 

		2.	If Party B is a company, Party B should strictly comply with the following regulations:

 

		i)	Being a partner of Party B or the directors and shareholders (members of shareholders must be traced
to natural person) of Party B must have prior approval from Party A.

 

		ii)	Any change of partners, shareholders or its share structure (shareholders must be traced to natural
person), members, organization of board of director and rights of the company, Party B should inform Party A. The changes may be
made only with the written consent of Party A and upon approval of DICJ, it can carry out the change.

    	 

    	 

    

 

		iii)	Before receiving the written consent of DICJ and Party A, shareholders (members of shareholders
must be traced to natural person) directly or indirectly holding shares of Party B company can not and may not use any method to
transfer or to set any burden on the fund or assets of Party B company, may not allow any third party individual or company to
use any method to acquire these fund and assets, also may not perform or participate and may not allow any action involving the
transfer of voting rights or other company rights bind with the Party B shares to any other individuals or company other than the
rights owners which has been make known to Party A. No matter what, Party B may not allow any individual or company without approval
from Party A to use any method or action to utilize the shares rights or other company rights, or influence the decision of the
board of director of Party B company, in order to participate, interfere, obstruct and control the gaming junket promotion under
process in the dedicated VIP room and/or to obtain any rights produced from that business.

 

		iv)	Before obtaining the written consent from Party A, Party B may not amend this agreement nor the
articles of incorporation.

 

		v)	Upon knowledge of potential company agreement or shareholders agreement, Directors of Party B should
inform DICJ and Party A within 15 days in writing the contents of the potential company agreement or shareholders agreement; Furthermore,
directors of Party B should enquire shareholder on a regular basis whether those agreements exit or not.

 

		vi)	New directors of Party B and new shareholders and new key staffs holding 5% or more of equity of
the company should according to the procedure of Administration Regulation no. 6/2002 undergo appropriate investigation. Only Individual
or company who are in accordance with and passed the mentioned investigation required as in Article 11 of this agreement can officially
become new shareholders, directors or key staff of Party B.

 

		3.	Before making any of the above changes, amendments or other actions, Party B shall inform Party
A in writing, the reason for the changes, amendments or other actions. Upon the written approval of Party A, Party B must obtain
approval from DICJ (if necessary). Party B can only make these changes, amendments or other actions only after the approval of
DICJ; After that, Party B must submit the documents which can prove the approval of these changes, amendments or other actions
to Party A and DICJ within 15 days.

 

		Articles 12	Transferability of this Agreement

		1.	Party B may not through or allowed any third party, directly or indirectly, to run and participate
the gambling promotion business in the designated VIP Rooms or its parts. Collaborators only assist Party B to drive the gaming
promotion business and may not replace Party B to operate the gaming promotion business of the designated VIP room.

 

    	 

    	 

    

		2.	Although accepted by law, unless obtaining Party A prior written consent, Party B is prohibited
to transfer this agreement or any benefits, rights (Including but not limited to the commission or other compensation which Party
B can obtain under this agreement) or responsibilities, using any method or way, with compensation or without compensation to transfer
or relocate wholly or partially to a third party.

 

		3.	Upon the approval of the Government, should Party A transfer its agreement status to a third party,
then Party B have to accept this transfer, and continue to fulfill all responsibilities of this agreement as if the transferee
third party is same as Party A of this agreement. Should required, Party B shall according to the request of the transferee third
party change and submit the guarantee mentioned in article fifteen to ensure the transferee third party as the beneficiary of the
relevant guarantee

 

		Articles 13	Concentrated Services

Party B (representing
its related parties simultaneously) promises to concentrate on promoting and operating the business of the dedicated VIP room.
Without the written consent of Party A, except as specially declared to Party A when signing this agreement, the VIP rooms in other
casino already operated by Party B and its related parties , Party B (simultaneously representing its related partie) promises
not to directly or indirectly set up other VIP rooms in any casino within the Macau Special Administration Region, or to increase
the number of gaming tables within the present gaming promotion business operation, and to urge its collaborators to make same
commitments.

 

		Article 14	Confidentiality

		1.	Except Organization permitted by law or administrative regulation and information which must be
announced by legislation, Party B and (if Party B is a company) every shareholder and director, its employees and collaborators
and all primary and secondary staff under employment of Party B, have to keep the fact and information retrieved from operating
the business strictly confidential. for all above mentioned individuals, have still to honor his confidentiality obligation even
upon termination of their post . Party B shall assure this confidentiality obligation fully executed by the above mentioned individuals,
and shall be responsible for any harm or loss of Party A caused by violation of this article.

		2.	This agreement and any related documents are confidential documents. Party B can only disclose
these information to a third party with Party A written consent. Should it has to be disclosed by law, Party B agreed to inform
Party A immediately by writing upon understanding of this requirement. Party B shall ensure that this confidentiality regulation
shall be fully executed by individuals who know the contents of this agreement and above mentioned documents. Party B shall continue
to honor this confidentiality regulation after the termination of this agreement.

		3.	Party B promises, without the prior written consent of Party A, will not disclose to any third
party at any time, the rolling chips amount, the betting amount of the customers, the profit or loss of the dedicated VIP room
and any commercial condition with Party A for the execution of this agreement.

 

    	 

    	 

    

 

		Article 15	Guarantee

 

1. Party B promises to fulfill all obligations
of this agreement and agree should it not be able to fulfill the obligations of this agreement, or if Party B could not fulfill
all or part of the obligations of this agreement causing loss to Party A, Party B shall be fully responsible for compensation to
Party A’s loss. Party B agrees Party A upon Party B not able to fulfill the obligations of this agreement thus causing loss
for Party A, Party A may according to Article 6.4 deduct the loss amount determined by Party A from the designated compensation
which Party B could obtain.

 

2. Should
Party B be a company, its every shareholder simultaneously when signing this agreement submit to Party A a guarantee as shown in
Attachment 2, guaranteeing Party A to fulfill all obligations of this agreement, and undertake responsibility to compensate the
loss of Party A should Party B not fulfill the whole or part of the obligations of this agreement causing loss of Party A.

3. Party A
can request Party B to provide a third party guarantee recognized by Party A. That third party shall according to the requirement
of Party B to provide a set of guarantee, guaranteeing to compensate the loss of Party A should Party B causes loss of Party A
when not fulfilling the whole or part of the obligations of this agreement.

 

		Articles 16	Legal Obligations

		1.	Except administrative regulation no. 6/2002 and other obligations requested by other supplementary
rules, Party B has to comply and guaranteed that their cooperator and employee must comply with the following responsibilities:

		i)	Accept supervising and monitoring by DICJ.

 

		ii)	Strictly follow the laws and administrative regulations of Macau, especially laws and regulations
related to gaming junket operators, operation of gaming promotion business, commission cap for junket operators and anti money
laundering.

 

		iii)	Accept auditing by DICJ and DFS.

 

		iv)	Strictly follow all the rules, procedure and guideline (including but not limited to internal control
codes and anti money laundering codes) set up by the DICJ and the related government authorities with Party A, for casinos, gaming
promoters, and gaming promotion business and provide the information and reports according to these rules.

 

		v)	Fulfill all obligations of the agreement that should be undertaken, including btu not limited to
obligations undertaken for gaming players.

 

		vi)	Follow the guidelines of Party A that do not affect the individuality of the gaming promoters.

 

		vii)	Fulfill all obligations from other agreements signed with Party A.

 

    	 

    	 

    
 

		viii)	At the time of drafting and signing of this agreement, Party B has to submit to Party A a name
list and identification of Party B(if Party B is an individual) or all of Party B’s director or shareholders (if Party B
is a company), its collaborators and its employee (including major employee and/or handling major and minor duties’ staff).
Party B has to update this information from time to time and at the same time, at a three months interval or at Party A’s
request, to submit the most updated (including the administrative regulation 6/2002 mentioned) the annually selected collaborators
and major staff’s identities and signed employment agreement with Party B.

 

		ix)	To submit to Party A instantly a copy of the set of documents which was submitted to DICJ.

 

		x)	Strictly follow the regulations, operations, security and other related rules set up by Party A
towards the casino, designated VIP rooms and designated gambling tables.

 

		xi)	According to the administrative regulation 6/2002 to apply for the license for junket promoters
and to renew the license on time and to maintain the validity of the junket promoters’ license.

 

		Articles 17	Commitments of Party B

		i)	To apply all marketing promotion strategies including providing transportation, dinning, accommodation
and leisure activities to customers to attract the to the designated VIP Rooms for gambling and to bear all the expenses caused
by this marketing activities.

 

		ii)	to provide maintenance routinely and at the request of Party A to all the equipments, facilities
in the designated VIP Rooms and to bear all its cost.

 

		iii)	To employ enough and suitable cooperator or staff to promote and operate the junket promotion business.

 

		vi)	When promoting and operating gaming promotion business and all relative activities, comply with
the highest professional standard and shall not harm the corporate image of Party, shall not affect the grant of the gaming concessionary
to Party A.

 

		v)	Party B has to record accurately the name list and the information of the referred customer and
their transaction records and store all information properly. At the request of Party A, or the latest at the end or termination
of this agreement owing to other reasons, submit the record completely to Party A. Unless with prior written consent from Party
A, Party B may use the above mentioned information or records for any purpose or to disclose to any third party. To ensure complete
record and information, Party B agrees to let Party A to contact with the customer directly to obtain the required information
and Party B will fully assist Party A’s action if required.

 

		vi)	Will only carry out gaming promotion business in the designated area as indicated by Party A, definitely
shall not directly or indirectly persuade customers in the mass gaming areas or gaming regions, or any customers not belonging
to Party B or its collaborators to the designated VIP room for gambling. and guarantee the employees and customer of Party B will
not cause disturbance at the area of the premises and facilities of Party A so as, effect Party A or the business operation of
those facilities.

 

    	 

    	 

    
 

		vii)	Will not assist any party who is prohibited by Party A or DCIJ to enter the casino or other Party
A’s casinos.

 

		viii)	To persuade and guarantee Party B and its director, shareholders, collaborators, and all employees
(no matter primary or secondary employees).

 

		a.	Accept character checks by Party A from time to time.

 

		b.	Will not perform any action which will violate the spirit of the agreement and all the obligations of Party B of this agreement

 

		c.	To carry duties at the highest professional standard, to do the utmost for the promotion of Party A business

 

		d.	Under any circumstances, will not affect the image of Party A, the grant of the gaming concessionary.

 

		e.	Improper behavior is prohibited under any rules or in any places. Party B is liable for joint responsibility for offence, violations
or harm of Pary A image of those individuals, and when receiving Party A’s instruction, immediately terminate at own expenses
the relation with those individuals or any individuals which are not able to pass Party A character check.

 

		ix)	Party B is only providing gaming promotion service for Party A according to this agreement, and
is not the agent of Party A; The behavior of Party B during the operating of the gaming promotion business is merely its own behavior
which has no relation with Party A; If Party B, its collaborators or its employees (no matter primary or secondary employees) have
cause harm or violations to any individual or right, Party B must compensate wholly to Party A on these incidents. Party A will
not need to bear any direct or indirect responsibility to these incidents; Without affecting the afore stated article, should the
afore stated incident caused damage to Party A, or caused any expenses to Party A (including but not limited to lawyer fee), then
Party B agrees to compensate fully to Party a, and willing to forfeit all exception clauses that could have been used.

 

		x)	Accept Party A’s supervision and monitoring.

 

		xi)	Devote to maintain good relationship with its collaborators.

 

		xii)	Punctually pays its collaborators the commissions and other compensations as agreed and assure
the commissions and other compensations paid to its collaborators does not exceed the cap by law (should available);

 

    	 

    	 

    

 

		xiii)	Except by law, regulation and conditions of this agreement,
the report and obligation information submission, Party B have obligation to inform Party A immediately should the below situation
happens:-

 

		a)	Any sign of criminal activities within its collaborators or employees, especially tracks of facts
of money laundry;

 

		b)	Any fact which might affect the paying ability of Party B;

 

		c)	Any situation which might affect the normal operation of Party B;

 

		d)	Any lawsuit between Party B and (should Party B be a company) its shareholders and directors, its
collaborators and primary employees; and

 

		e)	Deception, Violence or Crime within the casino

 

xiv) Instantly report to Pary A any one
million Macau Patacas or above debt, and submit the copy of the related documents of that debt and copy of other documents involving
the pay out of that amount.

 

xv) Provide Party A the documents of the
commercial agreements and books for the business of the designated VIP room, including the information provided by its customers
and transaction records. For this, Party B shall undergo appropriate procedure to assure Party A can obtain the above mentioned
documents, books, information and records, which will not cause violation of rights to any third party.

 

xvi) Comply with all decisions or regulations
made by Party A according to this agreement without objections; and

 

xvii) During operation of the gaming promotion
business encounter any difficulty, or any dispute with customer or third party, immediately consult Party A and listen to Party
A’s suggestion, using the best method to resolve the problem as soon as possible.

 

		Article 18	Commitments of Party A

 

		1.	Party A commits to Party B the followings:-

 

		i)	at its best effort to fulfill all the terms and
conditions stated in the agreement and make sure the consistent availability of the agreement.

 

		ii)	Try
its best to carry out all the terms and conditions as stated in the agreement.

 

		iii)	Try their best to carry out all the terms and
conditions as stated in the agreement.

 

		iv)	To pay the tax deducted from the reward for Party
B to the government on time.

 

    	 

    	 

    
 

		Articles 19	Amendment of the Agreement

After the
agreement has been obtained between Party A and Party B to amend any terms and conditions on this agreement, the agreement can
be amended. Any communications between Party A and B to confirm this amendment is deemed that these amendments are effective.

 

		Articles 20	Breaching of Agreement

If any party has failed to complied
with the terms and conditions of this agreement, the other party can claimed the breaching party to compensate all the lost due
to breaching of this agreement.

 

		Articles 21	Duration of the agreement

The expiry date of this agreement, please refer to appendix
table 3.

 

		Articles 22	Termination and Cancellation of Agreement

		1.	Under the below conditions, the agreement will be terminated:

		i)	At the time the agreement expired.

 

		ii)	After comprising all the terms and conditions, the agreement can be terminated at any time with
the written notice from both parties.

 

		iii)	Party A‘s approval of agreement is rejected.

 

		vi)	Adverse occasion happened causing both party cannot carry out the terms and conditions of the agreement
and difficult to maintain the relationship between both parties (such as natural disasters, wars\...etc that are not under control.

 

If the agreement terminated due to the above 4 reasons,
both party cannot claim the loss against each other (But exclude the responsibilities incurred by Party B when operating the junket
promote gambling business before the termination of the contract or both parties have another written agreement).

 

		2.	Include but not limited to the condition mentioned below. Party A can terminate the agreement without
any compensation to Party B, and also not influence the right of Party A to claim for compensation over Party B:

 

		i)	The death of Party B (if Party B is a natural person or belongs to joint venture), break up or
through other channel to stop their business activities.

 

		ii)	Party B or their guarantor declared that they don’t have the ability to compensate, being
liquidated or applying to liquidate, applying or declaring bankrupt, or being take over by legal action of the creditor.(suitable
for Party B).

 

		3.	When one of the following occasion happen (including but not limited to), Party A can unilaterally
send written notice to Party B to terminate the agreement. Such termination will not affect the right of Party A to claim for compensation
over Party B and the right of Party A against this agreement:

 

    	 

    	 

    
 

		i)	Party B’s director or member, shareholders and main employee cannot pass the conduct checking
performed by Party A or cannot maintain the suitable qualification according to the relative rules.

 

		ii)	Party B does not or unable to maintain sufficient funds for daily operation causing influence of
daily operation of the VIP room.

 

		iii)	DICJ or other related government authorities do not approve the location of the VIP rooms, cancellation
of approval or instruct the Specific VIP rooms to stop operations.

 

		vi)	Party B does not follow or breaching article 12 item 1 and 2, and any items under article 14 and
16 of this agreement.

 

		v)	Party B breached the above item (i) to (iii) or appear the occasion outside item (iv) any items
under this agreement, and according to Party A, they treat this as an severe breaching case or,

 

		vi)	Party B breached the above item (i) to (iii) or appear the occasion outside item (iv) any items
under this agreement, although it is not a severe case, (to be determined by Party A), after the written warning send from Party
A to Party B, Party B still cannot make any correction or consistently breach such item or cannot perform the responsibilities
of Party B.

 

		4.	At the time of termination or cancellation of the agreement, under the conditions that Party B
does not breach the agreement, Party A will make a final calculation of Party B’s gambling business, and will deduct the
funds needed to be compensated by Party B to Party A. The remaining balance (if any) will compensate to Party B without interest.
Party B must, within 3 days after terminations of the agreement, to pay all the funds owed to Party A.

 

		5.	Unless otherwise stipulated, if the agreement is terminated according to the terms and conditions
stated, and loss has been make to third Party Against Party B due to the termination of the agreement, all the compensation, claims
or responsibilities will be borne by Party B and have no obligation against Party A.

 

		6.	At the time of termination or cancellation of the agreement, Party B will instantly loss the operations
right of the VIP room. Party B must, within 2 days after termination of the agreement, unconditionally leave the Specific VIP rooms
and return all the facilities including the decoration, partition and those things that belongs to Party A(including gambling table
and tools) and will compensate the loss or damaged with satisfaction of the VIP due to the evacuation of Party B to Party A.

 

		Articles 23	Notice

		1.	Unless otherwise stipulated, all the notice under this agreement is to be made out in Chinese and
mail according to the following address. The date of mailing is deemed as the date of notice send to the other:

 

Mail to Party A : 17/F Galaxy Casino SA,
Avenida da Amizade, Macau

 

    	 

    	 

    
 

Mail to Party B : the Specific VIP rooms as stated
in this agreement, and if Party B has more than one Specific VIP rooms for gambling business, thus any one of these Specific VIP
rooms can be treated as the mailing address

 

		2.	Party A have to send written notice to Party B for any changes in address. Otherwise, the above
mentioned address will be treated as the mailing address:

 

		Articles 24	Independent of the Terms and Conditions

If some of the terms and conditions
of the contract is treated to be illegal, not compliable or legally cannot carry out, such terms will be treated to exclude from
the agreement. This will not affect the other terms and conditions in the agreement.

 

		Articles 25	Applicable Rules and Right of Control

		1.	This agreement is under the control of law of Macau, translation and understanding is based on the law of Macau.

 

		2.	Court of Macau has the legal right to deal with the argument and appeal under this agreement.

 

		Articles 26	Other Agreement

Both party have compromise the
other agreement under this contract relating to Party B’s gambling business (refer to appendix 4 for the other terms and
conditions)

 

		Articles 27	Other Terms and Conditions

		1.	For the agreement, unless the otherwise stipulated in the text, then:

		i)	The day, month and year means the Gregorian calendar day, month and year.

 

		ii)	Party B as stated in the contract means:

 

		(a)	If the junket promoter is a company: the company’s junket promoter, all the shareholders,
director, main staff and their agents.

 

		(b)	If the junket promoter is the owner of a business company: The junket promoter himself, cooperator,
main staff and their agents.

 

		iii)	Law means all the laws in Macau and their legal opinion. Legal and illegal are also explained.

 

		iv)	Person or Third party including natural person, legalized person, company, venture, legalized group
or group without legalized, joint venture, business company, joint capital venture or trusted group or their agent.

 

		2.	Unless otherwise stipulated, all the terns and conditions, tables, attachments stipulated in this
agreement means the terms and conditions of this agreement. The regulations and rules or the regulations set up by Party A as stated
in this agreement should include the amendment, replacement or newly added rules and regulations added to the agreement from time
to time. The title of the terms is added to facilitate reading and should be neglected when explaining the agreement.

 

    	 

    	 

    
 

		3.	In the agreement, unless otherwise stipulated, singular phrase also include the meaning of the
plural phase and vice versa. The expression of single gender will include the meaning of all gender.

 

		4.	Unless otherwise stipulated, the time means the time of Macau.

 

		5.	This agreement covers the previous discussion, compromise and statement, but will not affect the
responsibilities and right of both parties as stated in this application letter. Both parties agree that this application letters
will be treated as an integral part of this agreement. If the terms and conditions as stated in the application letter are different
from this agreement, the terms in the application letter will treat as the final version. But this will not affect both parties
to change the terms and conditions to this application letter by written notice in a later date.

 

		6.	This agreement is issued in triplicate, and will come into agreement after both parties has signed
the contract. Party A and Party B will keep one copy and one copy will be submitted by Party A to the DICJ.

 

Signature

 

This agreement is signed under the witness in Macau by Party
A and Party B dated as stated in this agreement

 

	/s/ Michael Victor Mecca	 	/s/ Long Jin Chung
	Party A	 	Party B

  

 

    	 

    	 

    

 

Appendix 1

 

“Party B”

 

Person Name / Company Name: Chung Long
Jin (The holder of Macau Identity Card No.: 5055428(6) and Business Registration Certificate of Natural Person Number in Macau:
22552 (CO))

 

Address / Registered Office Address: Rua
De Pequim No. 202A-246 Edif Macau Finance Centre 10D, Macau

 

License of Junket Promoters No.: 1118 issued
from DICJ dated 15 December 2011. The copy is attached in this agreement

 

Appendix 2:

“Reserved VIP Rooms” and “Reserved
Betting Table”

 

Reserved VIP Rooms: Galaxy Casino MFB-1
Specific VIP rooms (now named as Hung Lei VIP room)

 

Reserved Betting Table – assigned
table number(s): 7301, 7302, 7306, 7307, 7308, 7910, 7311, 7312, 7313, 7315, 7316, 7317, 7318

 

Appendix 3

“Terminates Date of Agreement”

 

1. The agreement will be terminated at 31 December 2013.

 

2. The prerequisite
condition of this agreement becomes valid that Party B obtained licenses of junket promoter in year 2013. This agreement become
valid dated 1 Jan 2013 or Party B obtained licenses of junket promoter in year 2013 (whichever is later) and will replace the prior
agreement signed by both parties.

 

Appendix
4

“Other
Agreement”

 

Party
A has rights to place and operate one or several electric and mobile betting machines including slot machines (hereafter refers
to as betting machines) inside or outside reserved Specific VIP rooms with a proper place in anytime. Party B cannot prohibit
from staff of Party A installing, inspecting, maintaining, replacing or dismantling betting machines. Moreover, Party B is not
allowed to dissuade and hinder from customers using betting machines. All expenditures and tax expenditure related to betting
machines will be afforded by Party A and also all received revenue related to betting machines belong to Party A. Party B does
not have any objection. 

 

    	 

    	 

    

 

Attachment
1

The Calculation
of Specific Remunerations

 

The Rule of Calculation at Room 42.5

 

		1.	Article 6 item 1 in this agreement related to specific remunerations of Party B is composed of the following 1 a and 1 b and
the calculation method is follows:

 

a.Distribution

Producing gross profit from Hung Li Specific VIP rooms
should be counted. Party B occupy 42.5% per month

 

b.            Expense allowance

Party B can receive 0.045% expense allowance of rolling
chip turnover recorded per month. Using term of allowance is decided by Party A at any time.

 

Remark:

1.            Above mentioned 1 b, the
kind of allowance of Party A give to Party B is consumption model. Party B can only use this kind of allowance on specific location
in this agreement valid period. This kind of allowance will not replaced by cash, cheque, casino token or deducted the payment
by Party B. Party B can not requested Party A to what kind of subsidy given. Party B can not require Party A to what kind of monthly
allowance given that is the balance of monthly allowance unused for Party B. The balance of monthly allowance unused for Party
B will be written off at the month end.

 

2.            In accordance with rule of Party A (if applicable),
Party B should arrange a regular quantity of customers to check in casino hotel. Accommodation fees can be used by ferry and accommodation
allowance (if applicable) to compensate.

 

3.            Party A will adjust calculation method of above
mentioned allowance and using term of allowance depending on market demand and business operation of Party B.

 

		2.	Distribution should be calculated as monthly basis and clearing should be cut-off at the last day of month end. This imposes
cut-off at the first day of following month at 6:00 a.m. Any transaction before 6:00 a.m. is counted as last month. Except by both
parties, monthly distribution should be counted independently and not involved other months.

 

		3.	The net remuneration, monthly designated remuneration to Party B (includes all tips and distribution) less tax and deductibles
allowed for Party B in this contract by Party A, shall be paid to Party B.

 

		4.	After monthly distribution calculated, all betting deficits should be paid by Party B within 3 days.

 

 

    	 

    	 

    

 

Loan Agreement

 

Contractor:

 

1. Galaxy Casino, S.A, its office address
is located at 17/F, Starwood Hotel Avendia Da Amizade, Macau (hereafter refers to as Party A).

 

2. Mr. Chung Long Jin, male, married, the
holder of Macau Identity Card No.: 5055428(6) and Business Registration Certificate of Natural Person Number in Macau: 22552 (CO)
and his office address is located at Rua De Pequim No. 202A-246 Edif Macau Finance Centre 10D, Macau (hereafter refers to as Party
B).)

 

Whereas:

According to second paragraphs of Article
3 of Law no. 5 / 2004, qualified Junket Promoters can make a contract with Concessionaire or sub-concessionaires to carry out betting
business or lottery credit business.

 

According to Law no. 6 / 2002, operation
of betting should be applied license. It can qualified Junket Promoters can sign a contract and register in Concessionaire or sub-concessionaires.

 

As Party B have obtained license, Junket
Promoters Agreement has been signed by Party A and Party B and this agreement has been registered.

 

		Articles 1	Object

		1.	Party A agreed to Party B to operate betting business
or lottery credit business.

 

		2.	Above mentioned operate betting business or lottery credit business is run on behalf of Party B
and itself interest.

 

		3.	Party B understood and agreed that all deficits and legal responsibility should be borne by Party
B in any circumstance whatever Party B base on this agreement to operate betting and lottery credit business. Party B ensures that
has legal right to operate above mentioned business and comply with each regulation and rule during operation period.

 

		Articles 2	Credit Business

			The agreement stated the lottery credit
business is governed under the law5/2004 and the instruction by Party A.

 

		Articles 3	Effectiveness

			The condition of effectiveness of this agreement is that the license of the junket promoter is
valid and consistently valid. And the agreement is valid according to terms and conditions.

 

		Articles 4	Location

			Party B can only provide gambling and lottery credit business in the specific place as provided
by Party A. The specific location is the specific region or Specific VIP rooms as stated in the agreement.

 

    	 

    	 

    
 

		Articles 5	Non-Transferable

			Party B cannot run any gambling or lottery credit business on behalf of Party A. All the gambling
or credit lottery credit business personnel or venture business of Party B and have no relation to Party A. Party B cannot transfer
the responsibility or right under this agreement to third party.

 

		Articles 6	Confidential

		1.	Except for those information that need to be broadcast according to the law or administrative regulation,
Party B and (if Party B is a company) shareholders, directors, their employees or cooperator, and those staff who are employed
in the major or minor duties under Party B, they must keep the fact and information retrieved from running the gambling business
strictly confidential. Including but not limited to the agreement between both parties either directly or indirectly aware facts
and information of contact, agreements and commitments. This confidential arrangement must be strictly followed after the staff
has left the position. Party B must guarantee that all of their staff must follow this confidential agreement and be liable to
the loss or harmful to Party A if the above mentioned party has breached this confidential agreement.

 

		2.	This agreement or the related documents are strictly confidential documents. Party B can only disclose
these information to third party when obtain Party A’s pre approval. If any information has to be disclosed according to
the law, Party B must inform Party A by written notice without delay. Party B must make sure that this confidential arrangement
must carry out for those who know the content of this agreement and the above information. Party B also needs to keep confident
after the agreement is terminated.

 

		3.	Party B has to promise, without Party A’s written approval, will not disclose to third party
about mutually agreed to any kind of terms and conditions of credit facilities or agreement with Party A under this agreement.

 

		Articles 7	Follow the law of Macau

			When Party B (including the cooperator, staff etc.) running gambling or lottery credit business,
no matter they are located inside or outside Macau, Party B must strictly adhere to the rule of Macau or the regulations or guideline
set up by Party A at any time against gambling or lottery credit business and promise to keep the highest professional standard
so as to maintain the first class reputation of Party A’s casino.

 

		Articles 8	Validity

		1.	The validity of this agreement will end at 31 Dec 2013 or when Party A and Party B signed the agreement
to terminate this agreement, whichever is earlier.

 

		4.	The pre condition for the effectiveness of this contract is that Party B has obtained the license
of junket promoter in 2013. This agreement will be effective on 1 Jan 2013 or when Party B has obtained the above mentioned license
(whichever is later) and will override the agreement signed by both parties before.

 

    	 

    	 

    
 

		Articles 9	Termination of Agreement

 

			If Party B or the cooperator or their staff or shareholders or director breached any terms or conditions
of this agreement will be treated as severe case, and Party A can unilaterally terminate the agreement. For the same reason, Party
A can also terminate the junket promoter agreement and all the loss will be borne by Party B.

 

		Articles 10	Notice

		1.	Unless otherwise stipulated, all the notice under this agreement is to be made out in Chinese and
mail according to the following address. The date of mailing is deemed as the date of notice send to the other:

 

Mail to Party A : 17/F
Galaxy Casino SA, Avenida da Amizade, Macau

 

Mail to Party B : the Specific
VIP rooms as stated in this agreement, and if Party B has more than one Specific VIP rooms for gambling business, thus any one
of these Specific VIP rooms can be treated as the mailing address.

 

		2.	Party A have to send written notice to Party B for any changes in address. Otherwise, the above
mentioned address will be treat as the mailing address

 

		Article 11	Applicable Rules and court control

		1.	This agreement is applied to the law in Macau.

 

		2.	The appeal or argument arises from explaining or executing this agreement have to be handle by
the court in Macau. Both parties will give up their right to apply for overseas rule or control of overseas court.

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