Document:

EXHIBIT 4.4

                     SHARE SUBSCRIPTION AND OPTION AGREEMENT

This Share Subscription and Option Agreement (the "AGREEMENT") is entered into
on this 14th day of September 2006, by and between RNG Gaming Limited (the
"CORPORATION") a company incorporated in the Isle of Man with its registered
office at 9 Myrtle Street, Douglas, Isle of Man and company number 117182C and
Golden Palace Ltd., a limited company registered pursuant to the laws of Antigua
and Barbuda ("GP") and Gaming Ventures plc ("GV"), a company incorporated in the
Isle of Man with its registered office at 9 Myrtle Street, Douglas, Isle of Man
and company number 117177C

                              W I T N E S S E T H :

WHEREAS GV is currently the sole shareholder of the Corporation, being the owner
of One Million (1,000,000) Ordinary Shares;

AND WHEREAS, the GP wishes to subscribe for an amount of the Corporation's
Ordinary Shares such that GP will have a shareholding equal to twenty percent
(20%) of the Corporation's then issued share capital (the "SHARES"), for the
aggregate sum of Six Hundred Thousand United States Dollars ($600,000) (the
"PURCHASE PRICE") to be paid by GP to the Corporation.

1.   PURCHASE AND SALE; COMPLETION

     (a)  Upon the terms and subject to the conditions set forth in this
          Agreement and in reliance upon the representations and warranties made
          herein by each of the parties to the other, GP hereby subscribes for
          the Shares as set out below and tenders herewith the total
          subscription price as follows:

          --------------------------- ----------------------- ------------------

            NUMBER AND TYPE OF SHARES      PRICE PER SHARE     AGGREGATE PRICE

          --------------------------- ----------------------- ------------------
          Two Hundred Fifty  Thousand
          (250,000)  Ordinary Shares            $2.40            $600,000.00
          --------------------------- ----------------------- ------------------

     (b)  Simultaneously with the signing of this Agreement, the Corporation
          shall deliver to GP true and correct copies of the resolutions of the
          Corporation's Board of Directors approving the transactions
          contemplated herein, including Share subscription by GP in
          consideration for the receipt of the Purchase Price. Upon the
          completion of the foregoing conditions, GP shall deliver the Purchase
          Price to the Corporation, by wire transfer, to an account designated
          by the Corporation.

     (c)  The parties agree that the Purchase Price shall be retained by the
          Corporation and used solely to satisfy the operational expenses of the
          Corporation on a go-forward basis and, in particular, for software
          development as mutually agreed to by GP and GV, and that the Purchase
          Price shall not be used to satisfy any debts or obligations of the
          Corporation which existed prior to the date of this Agreement.

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2.   OPTION

     (a)  GP shall, from time to time throughout the Option Period (as defined
          below), have the option, in its sole discretion, to purchase
          additional percentage interests in the voting shares of the
          Corporation (the "OPTION"). "OPTION PERIOD" means the period of time
          commencing on the date of this Agreement and terminating upon the
          earlier of: (1) the date which is fifteen (15) months from the date of
          this Agreement; (2) the Corporation becoming a public company; or (3)
          completion of a private placement of not less than Four Million United
          States Dollars ($4,000,000) by third parties, at a price equal to a
          valuation of Eighteen Million United States Dollars ($18,000,000.00).
          For clarity, the exercise of the Option shall mean the purchase of
          issued and outstanding Ordinary Shares directly from GV. The Option
          may be exercised by GP on one or more occasion and in amounts to be
          determined by GP in its sole discretion, provided that GP's total
          ownership of the Ordinary Shares in the Corporation shall not exceed
          fifty percent (50%), and not more than GV's holding. The Option
          purchase price to be paid by GP for each additional percentage
          interest in the Corporation shall be One Hundred Eighty Thousand
          United States Dollars ($180,000.00).

     (b)  The Option shall be exercised, from time to time throughout the Option
          Period, in accordance with the following terms and conditions:

          (i)  GP shall give written notice to the Corporation and to GV of its
               desire to exercise the Option (the "OPTION NOTICE"), along with
               payment to GV (by cheque or wire transfer) of 50% of the option
               price (the "OPTION DEPOSIT").

          (ii) The Option Notice delivered by GP shall specify the number and
               class of shares of the Corporation to be purchased by GP from GV
               (the "OPTION SHARES").

          (iii) Within 3 business days of receipt of the Option Notice and
               Option Deposit, GV shall deliver to GP:

               a.   share certificates representing the Option Shares, duly
                    endorsed for transfer to GP, and

               b.   a statutory declaration of an officer of GV confirming that
                    the Option Shares are owned by GV as the registered and
                    beneficial owner thereof with good and marketable title
                    thereto, free and clear of all mortgages, charges, pledges,
                    security interests, liens, encumbrances, actions, claims,
                    demands and equities of any nature whatsoever or howsoever
                    arising and any rights or privileges capable of becoming any
                    of the foregoing, and that GV's sale of the Option Shares to
                    GP has been duly authorized by all necessary corporate
                    action on the part of GV.

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          (iv) Upon receipt of the foregoing share certificates and statutory
               declaration, GP shall deliver the remaining 50% of the purchase
               price for the Option Shares to GV.

3.   CONDITIONS

     This Agreement is conditional upon the parties entering into a unanimous
     shareholders' agreement with respect to the Corporation, in a form mutually
     satisfactory to the parties; and

4.   CORPORATION'S REPRESENTATIONS AND WARRANTIES

     The Corporation hereby represents and warrants that:

     (a)  VALID INCORPORATION. The Corporation is a corporation incorporated and
          validly subsisting under the laws of the Isle of Man.

     (b)  AUTHORITY. The Corporation has the power, authority and capacity to
          enter into this Agreement and to carry out its obligations under this
          Agreement and the execution and delivery of this Agreement and the
          completion of the transactions contemplated by this Agreement have
          been duly authorized by all necessary action on the part of the
          Corporation.

     (c)  BINDING OBLIGATION. This Agreement constitutes a valid and binding
          obligation of the Corporation enforceable against the Corporation in
          accordance with its terms subject, however, to limitations on
          enforcement imposed by bankruptcy, insolvency, reorganization or other
          laws affecting the enforcement of the rights of creditors and others
          and to the extent that equitable remedies such as specific performance
          and injunctions are only available in the discretion of the court from
          which they are sought.

     (d)  LEGALITY. The entering into of this Agreement and the consummation of
          the transactions contemplated hereby will not result in the violation
          of any of the terms and provisions of the constating documents of the
          Corporation or any applicable order of any court, arbitrator or
          government authority having jurisdiction over the Corporation or of
          any indenture or other agreement, written or oral, to which the
          Corporation is a party or by which it is or may become bound or, to
          the best of the knowledge and belief of the Corporation after due
          inquiry, of any law or regulation.

     (e)  ISSUANCE OF SHARES. Upon the payment of the Purchase Price, the Shares
          will be duly authorized, issued and delivered by the Corporation as
          fully-paid and non-assessable securities of the Corporation.

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     (f)  SHARE ATTRIBUTES. Upon issuance, the Shares will have attached thereto
          the rights, privileges, restrictions and conditions as set forth in
          the Corporation's Memorandum of Association dated July 11, 2006, as
          may be modified by the unanimous shareholders' agreement to be entered
          into by the parties.

     (g)  OWNERSHIP OF SOFTWARE AND INTELLECTUAL PROPERTY. The Corporation
          proprietary multi-player blackjack software, more particularly
          described in SCHEDULE A hereto the "SOFTWARE") and all intellectual
          property as described in SCHEDULE B (the "INTELLECTUAL PROPERTY") is
          and shall remain throughout the Option Period the sole and exclusive
          property of the Corporation. No person or corporation has made or
          threatened to make any claims that the Software, the Intellectual
          Property or the operation of the business of the Corporation is in
          violation of or infringes any proprietary, intellectual property or
          trade rights of any third party. To the best knowledge of the
          Corporation, no third party is in violation of or is infringing upon
          any intellectual property rights of the Corporation.

     (h)  NO BREACH OR DEFAULT. The Corporation is not in default under any
          contract to which it is a party or by which it is bound, nor has any
          event occurred which, after the giving of notice or the passage of
          time or both, would constitute a default under any such contract. The
          Corporation has no reason to believe that the parties to such
          contracts will not fulfill their obligations under such contracts in
          all material respects or are threatened with insolvency.

     (i)  LITIGATION. There are no actions, suits or proceedings with respect to
          the Corporation involving claims by or against the Corporation which
          are pending or threatened against the Corporation, at law or in
          equity, or before or by any governmental body. No basis for any
          action, suit or proceeding exists to the best of Corporation's
          knowledge, and there are no orders, judgments, injunctions or decrees
          of any court or governmental agency with respect to which the
          Corporation has been named or to which the Corporation is a party,
          which apply, in whole or in part, to the business of the Corporation,
          or to any of the assets or properties of the Corporation or the
          Corporation's shares or which would result in any material adverse
          change in the business or prospects of the Corporation.

     (j)  POWERS OF ATTORNEY. There are no persons holding powers of attorney
          from the Corporation.

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     (k)  INTERESTED PARTY TRANSACTIONS. No officer, director or shareholder of
          the Corporation, or any affiliate or immediate family member of any
          such person or entity or the Corporation, has or has ever had, either
          directly or indirectly, (a) an interest in any person or entity which
          (i) furnishes or sells services or products which are furnished or
          sold or are proposed to be furnished or sold by the Corporation, or
          (ii) purchases from or sells or furnishes to the Corporation any goods
          or services, or (b) a beneficial interest in any contract or agreement
          to which the Corporation is a party or by which it may be bound or
          affected. There are no such existing arrangements or proposed
          transactions between the Corporation and any officer, director, or
          shareholder of the Corporation, or any affiliate, associate or
          immediate family member of any such person. No employee, shareholder,
          officer, or director of the Corporation (or immediate family member of
          any such person) is indebted to the Corporation, nor is the
          Corporation indebted (or committed to make loans or extend or
          guarantee credit) to any of them, other than reasonable wages due in
          the ordinary course of business.

     (l)  NO MISREPRESENTATION OR OMISSION. No representation or warranty by the
          Corporation in this section 4 or in any other section of this
          Agreement, or in any certificate or other document furnished or to be
          furnished by the Corporation pursuant hereto:

          (i)  contains or will contain any untrue statement of a material fact;
               or

          (ii) omits or will omit to state a material fact necessary to make the
               statements contained therein not misleading; or

          (iii) will omit to state a material fact necessary in order to provide
               GP with accurate information as to the Corporation's business.

5.   GP'S REPRESENTATIONS AND WARRANTIES

     (a)  CORPORATE EXISTENCE. GP is a duly registered company established
          pursuant to the laws of Antigua.

     (b)  CORPORATE AUTHORITY. GP has all requisite right, power and authority
          to enter into this Agreement and to consummate the transactions
          contemplated herein. All corporate actions on the part of GP necessary
          for the authorisation, execution, delivery, and performance of all of
          GP's obligations under this Agreement have been taken. This Agreement,
          when executed and delivered by or on behalf of GP, shall constitute
          the valid and legally binding obligations of GP, legally enforceable
          against GP in accordance with its respective terms. No consent,
          approval, order, licence, permit, action by, or authorisation of or
          designation, declaration, or filing with any governmental authority on
          the part of GP is required that has not been, or will not have been,
          obtained by GP in connection with the valid execution, delivery and
          performance of this Agreement.

     (c)  EXPERIENCE OF GP. GP, either alone or together with its
          representatives, has such knowledge, sophistication and experience in
          business and financial matters so as to be capable of evaluating the
          merits and risks of the prospective investment in the Shares, and has
          so evaluated the merits and risks of such investment. GP is able to
          bear the economic risk of an investment in the shares and, at the
          present time, is able to afford a complete loss of such investment.

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6.   NOTICES

     (a)  Any notice, request, instruction or other document required by the
          terms of this Agreement to be given to any other party hereto shall be
          in writing and shall be given either: (i) by facsimile, in which case
          notice shall be deemed to have been given at the date and time
          displayed on the sender's transmission confirmation receipt showing
          the successful receipt thereof by the recipient; or (ii) by hand
          delivery or Federal Express (or equivalent), in which case notice
          shall be deemed to have been given at the time that records of the
          delivery service indicate the writing was delivered to the addressee.

     (b)  Notice shall be sent:

          If to GP, to:                    If to the Corporation, to:
          11 Old Parham Road, St.          9 Myrtle Street, Douglas, Isle of Man
          John's, Antigua

          With a copy to:
          Trina K. Fraser                  Facsimile Number: ___________
          BrazeauSeller.LLP
          750-55 Metcalfe Street
          Ottawa, ON  K1P 6L5
          Facsimile Number: (613) 237-4001

          If to GV, to:
          _____________________
          _____________________
          Facsimile Number: ___________

          or to such other address as a party may have specified in writing,
          using the procedures specified above.

7.   ENTIRE AGREEMENT AND BINDING EFFECT

     This Agreement constitutes the entire agreement between the parties hereto
     and supersedes all prior agreements, understandings, negotiations and
     discussions, both written and oral, between the parties hereto with respect
     to the subject matter hereof and are not intended to confer upon any other
     person any rights or remedies hereunder except as expressly provided
     herein. The parties have not relied upon any promises, representations,
     warranties, agreements, covenants or undertakings, other than those
     specifically set forth or referred to herein.

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8.   APPLICABLE LAW; RESOLUTION OF DISPUTES

     This Agreement and all questions relating to its validity, interpretation,
     performance and enforcement (including, without limitation, provisions
     concerning limitations of actions), shall be governed by and construed in
     accordance with the laws of the Isle of Man, notwithstanding any
     conflict-of-laws doctrines. All disputes arising hereunder shall be brought
     in the courts of competent jurisdiction in the Isle of Man, and each of the
     parties consents irrevocably to the jurisdiction and venue of such courts.

9.   COUNTERPARTS

     This Agreement may be executed in one or more counterparts and by
     facsimile.

10.  RELATIONSHIP OF PARTIES

     Nothing in this Agreement constitutes any party to be an agent or partner
     of the other party in any respect, and neither party will have any
     authority whatsoever with respect to the property or business of the other
     party except as expressly permitted.

WHEREFORE, The parties hereto have caused this Agreement to be executed and
delivered on the date first above written.

Executed as a deed by                Executed as a deed by GOLDEN PALACE LTD.
RNG GAMING LIMITED acting through    acting through two authorized officers:
two authorised officers:

/s/ Uri Levy                         /s/ Richarg G. Rowe
------------                         -------------------

Director _____________________       Director _____________________

Director/Secretary _____________     Director/Secretary ___________________

Executed as a deed by
GAMING VENTURES PLC acting through two
authorised officers:

/s/ Uri Levy
------------

Director _____________________

Director/Secretary _____________

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                                   SCHEDULE A

                             DESCRIPTION OF SOFTWARE

The "Software" consists of the following software applications:

Multi player Blackjack Tournament software is a game in which players sit at a
blackjack table, play against the dealer, but compete against each other. The
concept is simple: all players `buy in' into the table with an equal amount of
"counter-chips", and they compete for a pre-determined number of rounds
("hands"). At the end of the last round, the player with the most chips is
declared the winner in the table and receives the relevant prize. The new
concept brings 24/7 availability to competitive blackjack players.

Each player is required to download a client software to his PC, and this client
application allows him to communicate with our main server and to play against
each other.

The software offers single and multi table online events where two to five
players are sitting in one multi player table to see who is the best player.
Once a predefined set number of players arrive, the game begins.

There are several game options that can be chosen by the players:

     o    Quick tournaments: "Shootouts" and "Heads up"

     o    Sit & Go tournaments: Single table (2-5 players) and multi table

     o    Tournaments: Regular and special

Multi table tournaments consist of a number of 5 players tables, allowing bigger
prizes and a more exciting tournament.

Back Office Management System (the "BACKOFFICE")

The Backoffice tool provides the Network Manager with game room management
capabilities. The Backoffice provides Tournaments creation and management module
which allows the game room management team the ability to manage the different
games which will be presented in the application main lobby, game related
customer service module, Game related marketing tools, Game related risk reports
and players activity reports.

<PAGE>

The Backoffice provides the administrator the ability to monitor its users'
activity and to specify different permissions to different users in order to
insure proper conduct by the different users.

The software applications described above include:

     1.   the related source code, which consists of the human readable
          embodiment of software computer code, which must be translated by a
          process generally known as "compilation" into object code before such
          software can be executed by a computer;

     2.   the related object code, which consists of the computer executable
          embodiment of software computer code, which is derived from the source
          code by a process generally known as "compilation" or any other
          process that translates the source code or some intermediate code
          derived from the source code into a form that can be executed by a
          computer;

     3.   all documentation, algorithms, concepts, data, designs, flowcharts,
          ideas, programming techniques, specifications and copy-rights related
          to the Software;

     4.   all updates, upgrades, enhancements, additions or other modifications
          of the above created during the Option Period; and

     5.   all copyrights related to the above.

<PAGE>

                                   SCHEDULE B

                      DESCRIPTION OF INTELLECTUAL PROPERTY

The "Intellectual Property" includes:

     1.   All provisional patents, patents, inventions and applications thereof
          used in or relating to the Software or the creation of the Software,
          and patents which may be issued out of current applications,
          (including divisions, reissues, renewals, re-examinations,
          continuations, continuations in part and extensions) applied for or
          registered in any jurisdiction, including (without limitation) the
          following:

               a.   ZFP-001PC (Serial No. PCT/US05/32790) filed 9/13/05,

               b.   Which claims priority to ZFP-001 (US Serial No. 11/166,462)
                    filed 6/24/05,

               c.   Which claims priority to ZFP-001PR (US Provisional Serial
                    No. 60/609,613) filed 9/14/04.

     2.   All trade-marks, trade names, service marks, and industrial designs
          used in or related to the Software or the creation of the Software,
          whether registered or not.

     3.   All trade secrets, technical information, concepts, methods,
          processes, designs, drawings, know-how, schematics, diagrams, design
          information, functional and technical specifications, inventions,
          discoveries, ideas, algorithms, techniques, and other tangible and
          intangible proprietary information, intellectual property, rights and
          interests used in or related to the Software or the creation of the
          Software.EXHIBIT 4.5

                             SHAREHOLDERS AGREEMENT

THIS AGREEMENT made the 14 day of September, 2006.

BETWEEN:

                              GAMING VENTURES PLC,
                           incorporated in Isle of Man

                                     ("GV")

AND:

                             GOLDEN PALACE LIMITED,
                       incorporated in Antigua and Barbuda

                                     ("GP")

AND:

                               RNG GAMING LIMITED,
                         incorporated in the Isle of Man

                               (the "CORPORATION")

WHEREAS:

     (1)  all of the issued shares of the Corporation are owned of record by the
          following shareholders in the following amounts:

                                               ORDINARY SHARES
                                               ---------------

          GV                     1,000,000 ordinary shares of (pound)0.0001 each
          GP                       250,000 ordinary shares of (pound)0.0001 each

     (2)  this Agreement concerns the business and affairs of the Corporation.

FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which are
acknowledged, the parties agree as follows:

<PAGE>

                                                ARTICLE 1

                                        INTERPRETATION AND PURPOSE

1.01 DEFINITIONS

     In this Agreement:

     "ACCOUNTANT" means the accountant(s) of the Corporation from time to time
     appointed pursuant to this Agreement;

     "ACT" means the Companies Acts 1931 to 2004, being Acts of the Government
     of the Isle of Man, and any other similar Acts of the Government of the
     Isle of Man;

     "BANK" means the bank or other financial institution at which the
     Corporation from time to time maintains its general business account;

     "BOARD" means the board of directors of the Corporation from time to time;

     "BUSINESS DAY" means a day other than a Saturday, Sunday or statutory
     holiday in the Isle of Man;

     "CONTROL" means, with respect to any corporation, the ownership,
     beneficially and legally, of voting securities in the capital of such
     corporation, to which are attached more than 50% of the votes that may be
     cast to elect the directors of such corporation and such votes are
     sufficient (and are exercised) to elect a majority of the directors
     thereof, and "CONTROL" shall also mean the management of the day-to-day
     operations and business of such corporation;

     "DIRECTORS" means the directors of the Corporation (excluding the Managing
     Director);

     "MANAGING DIRECTOR" shall be the non-voting managing director appointed
     from time to time under SECTION 2.03(1);

     "PRIME RATE" for any particular day means the prime lending rate of
     interest for such day established and announced from time to time by the
     Royal Bank of Scotland as its reference rate of interest per annum for
     determining interest rates on Isle of Man Currency demand loans to Isle of
     Man customers;

     "SECURITIES" means shares of any class or a debt obligation of the
     Corporation to a Shareholder and includes a certificate evidencing such a
     share or debt obligation;

     "SHARES" means the Ordinary shares of the Corporation;

     "SHAREHOLDERS" means GV and GP;

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     "TRANSFER" means to sell, assign, surrender, gift, transfer, pledge,
     mortgage, charge, create a security interest in, hypothecate or otherwise
     encumber or deal with any interest, legal or beneficial, in the
     subject-matter of the transfer;

     "TRANSFER VALUE" means the fair market value of Shares to be transferred in
     accordance with this Agreement as agreed between the vendor and the
     purchaser or as determined in accordance with ARTICLE 5; and

     "TRANSFER VALUATION DATE" means the date on which an event described in
     this Agreement, which initiates a right or obligation to purchase Shares,
     occurs.

1.02 INTERPRETATION OF "SUBSIDIARY":

     For the purposes of this Agreement, a corporation shall be deemed to be a
     "SUBSIDIARY" of another corporation if, but only if,

     (1)  it is controlled by,

          (a)  that other, or

          (b)  that other and one or more corporations each of which is
               controlled by that other, or

          (c)  two or more corporations each of which is controlled by that
               other; or

     (2)  it is a subsidiary of a corporation that is that other's subsidiary.

     "SUBSIDIARIES" means more than one Subsidiary.

1.03 INTERPRETATION OF "AFFILIATE"

     For the purposes of this Agreement a corporation shall be deemed to be an
     "AFFILIATE" of another corporation if, but only if, one of them is the
     Subsidiary of the other or both are Subsidiaries of the same corporation or
     each of them is controlled by the same person. "AFFILIATES" means more than
     one Affiliate.

1.04 CONFLICT

     In the event of a conflict between any provision of this Agreement and any
     provision of the Memorandum of Association of the Corporation, the
     provision of this Agreement shall govern and, at the request of any
     Shareholder, the Memorandum of Association shall be amended as may be
     necessary to remove the conflict.

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                                    ARTICLE 2

                                   MANAGEMENT

2.01 BOARD OF DIRECTORS

     (1)  The Board shall consist of up to 4 directors (excluding the "Managing
          Director"). While GP owns 20% of the Shares, it shall be permitted to
          appoint 1 of the directors and GV shall be permitted to appoint the
          remainder of the directors. Upon GP becoming the owner of 50% of the
          Shares, GP and GV shall each be entitled to appoint an equal number of
          the directors. Should a director who was an appointee of a Shareholder
          die or resign from the Board, or should a director who that
          Shareholder appointed be removed, the Shareholder in these cases shall
          be permitted to appoint a director to replace the director who died,
          resigned or was removed. The directors of GP and GV shall, from time
          to time, jointly appoint a non-voting "Managing Director" who shall
          have the powers and responsibilities set forth below and who shall
          remain in that position for so long as he/she shall have the
          confidence of all directors.

     (2)  The Board shall meet at least once in every one month until otherwise
          determined by unanimous consent of the Board. The Board shall meet at
          the registered office of the Corporation or at a location determined
          by the Managing Director and if a meeting of the Board is not held
          during any one month period (or other period as determined by
          unanimous consent of the Board), any director may call a meeting of
          the Board on 96 hours prior notice to the other directors. At each
          meeting of the Board, unless waived unanimously by the Board, the
          Managing Director shall report fully to the Board with respect to the
          current status of the operations of the Corporation and with respect
          to all major developments or planned action involving the Corporation
          and shall present to the meeting complete current financial
          information with respect to the Corporation.

     (3)  A quorum for meetings of the Board shall consist of a majority of the
          members of the Board, which must include the Managing Director and one
          GV director and one GP director. If a quorum is not obtained at any
          meeting, the meeting shall be adjourned and may be reconvened upon 7
          days notice to the directors, at which reconvened meeting the quorum
          shall be those directors present at the meeting.

     (4)  Any or all directors may participate in a meeting of the Board by
          means of such telephone, electronic or other communication facilities
          as permit all persons participating in the meeting to hear and
          communicate with each other simultaneously and a director
          participating in such a meeting by such means is deemed to be present
          at the meeting.

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2.02 SIGNING OFFICERS

     The authorized signing officers of the Corporation shall be the Managing
     Director (who will also be the Corporation's President) and/or any
     delegates of the Managing Director.

2.03 APPROVAL OF MATTERS

     (1)  "MATERIAL ACTION" means any one or more of the following:

          (a)  any change in the Memorandum of Association of the Corporation;

          (b)  any change in the authorized or issued capital of the
               Corporation;

          (c)  the entering into of any agreement or the making of any offer or
               the granting of any right capable of becoming an agreement to
               allot or issue any shares of the Corporation;

          (d)  any action which may lead to or result in a material change in
               the nature of the business of the Corporation;

          (e)  the entering into of any agreement other than in the ordinary
               course of the Corporation's business;

          (f)  the taking of any steps to wind-up or terminate the corporate
               existence of the Corporation;

          (h)  the sale, lease, exchange or disposition of the entire
               undertaking or property or assets of the Corporation;

          (i)  the taking, holding, subscribing for or agreeing to purchase or
               acquire shares in the capital of any body corporate other than a
               wholly-owned Subsidiary of the Corporation, to be located in
               Israel, whose business will consist of providing the Corporation
               with technology development services;

          (j)  the entering into of a partnership or of any arrangement for the
               sharing of profits, union of interests, joint venture or
               reciprocal concession with any person;

          (k)  the entering into of an amalgamation, merger or consolidation
               with any other body corporate;

          (l)  the redemption or purchase by the Corporation of its issued
               Shares;

          (m)  the repayment of any loans owing by the Corporation to any
               Shareholder, except as contemplated in SECTION 3.03;

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          (n)  the fixing, paying or changing of any salary, bonus or fee to any
               party or any director of the Corporation, except as approved by
               in an approved operating budget or as approved by the Board's
               Budget Committee or Compensation Committee;

          (o)  the appointment or removal of officers of the Corporation at any
               time during the initial 12 month period following the signing of
               this Agreement or at any time after the exercise by GP of the
               "Option" referred to in the Share Subscription and Option
               Agreement entered into between the parties contemporaneously with
               this Agreement;

          (p)  the delegation by the Board of any of its powers, except as
               specifically set forth in this Agreement; and

          (r)  any agreement with or commitment to any party to this Agreement.

     (2)  No Material Action shall be taken without the consent of both
          Shareholders.

     (3)  The Managing Director shall take all actions reasonably possible to
          ensure that:

          (a)  the Corporation does not violate the terms of any credit facility
               it has established with any lender;

          (b)  the Corporation shall comply, in all material respects with all
               applicable laws, rules, regulations and orders applicable to the
               Corporation, its assets, or its business;

          (c)  the Corporation shall duly observe and conform to all valid
               requirements of any governmental authorities relative to the
               conduct of its business or to its properties or assets;

          (d)  the Corporation shall maintain and keep in full force and effect
               its corporate existence and all licenses and permits necessary to
               ensure the proper conduct of its business, including without
               limitation, preserving and maintaining all of its proprietary
               rights;

          (e)  the Corporation shall maintain its leased premises and useful
               assets in good working order and condition, and shall make all
               necessary and needful repairs, renewals, replacements, additions
               and improvements thereto;

          (f)  the Corporation will keep all of its assets (excluding money and
               other intangible assets) in its leased premises;

          (g)  the Corporation shall keep proper books of records and accounts
               in which full, true and correct entries in accordance with
               generally accepted accounting principles will be made of all
               dealings or transactions relating to its business and activities;

                                     - 6 -
<PAGE>

          (h)  the Corporation shall pay all of its obligations and liabilities
               when due, including (without limitation) all taxes, assessments
               and governmental charges or levies imposed upon it or upon its
               income or profits or upon any property securing any obligations
               under this Agreement, and maintain appropriate reserves for the
               accrual of the same in accordance with generally accepted
               accounting principles; provided, however, that (unless and until
               foreclosure, distraint, sale or other similar proceedings shall
               have been commenced) nothing in this section shall require the
               Corporation to observe or conform to any requirements of a
               governmental authority, or to pay any obligation or liability, so
               long as the validity thereof shall be contested in good faith by
               appropriate proceedings diligently prosecuted and provided that
               provision is made for the eventual payment thereof in the event
               it is found that such are payable by the Corporation;

          (i)  the Corporation will maintain, with financially sound and
               responsible companies, insurance in such form and in such amounts
               and against such risks as is customarily carried by companies
               engaged in the same or a similar business and operating like
               properties, including without limitation: (a) insurance on its
               properties against loss or damage by fire or other hazard, (b)
               adequate insurance against liability on account of or damage or
               injury to persons and property and under all applicable workman's
               compensation laws, and (c) directors and officers liability
               insurance in an amount not less than US$3,000,000 and with a
               deductible of not more than US$25,000;

          (j)  the Corporation shall furnish to its Shareholders prompt notice
               of all actions, suits and proceedings before any court, tribunal
               or governmental department, commission, board, bureau, agency or
               instrumentality, domestic or foreign, materially affecting the
               Corporation or its business, operations or properties;

          (k)  the Corporation shall furnish to its Shareholders prompt written
               notice of any material adverse change in the business,
               properties, conditions or operations, financial or otherwise, of
               the Corporation, a statement setting forth details of such a
               material adverse change and the action of which the Corporation
               proposes to take with respect thereto;

          (l)  the Corporation shall furnish to any Shareholder, promptly after
               such Shareholder's request, such other information respecting the
               condition or operations, financial or otherwise, of the
               Corporation as such Shareholder may from time to time reasonably
               request;

          (m)  the Corporation shall immediately give its Shareholders written
               notice of any condition or event which has resulted or would with
               passage of time result in:

                                     - 7 -
<PAGE>

               (i)  a material adverse change in the Corporation's business,
                    properties, conditions or operations, financial or
                    otherwise;

               (ii) a material breach or non-compliance with any term, condition
                    or covenant of any material contract to which the
                    Corporation is a party or by which it or its property may be
                    bound;

               (iii) any litigation or proceedings affecting any of the
                    transactions contemplated by this Agreement or affecting the
                    Corporation which, if adversely determined, might have a
                    materially adverse affect upon the financial condition,
                    business or operations of the Corporation; and upon the
                    Corporation's receipt of any notice or process service, of
                    any litigation or claims of any kind in excess of $100,000,
                    initiated or asserted against the Corporation, which might
                    subject the Corporation to liability, whether covered by
                    insurance or not;

               (iv) any dispute between the Corporation and any governmental
                    regulatory body or other party which might materially affect
                    the transactions contemplated by this Agreement or
                    materially interfere with the normal business operations of
                    the Corporation; or

               (v)  the imposition of any lien, levy, attachment or execution on
                    its business or assets created or imposed by any
                    governmental entity or any creditor and shall cause such
                    liens or other process to be satisfied within no more than
                    30 days;

          (n)  the Corporation shall furnish to its Shareholders prompt notice
               of all actions, suits and proceedings before any court, tribunal
               or governmental department, commission, board, bureau, agency or
               instrumentality, domestic or foreign, materially affecting the
               Corporation or its business, operations or properties;

          (o)  the Corporation shall comply with all of its obligations under
               this Agreement;

          (p)  any capital or operating expenditures of the Corporation, not
               approved by a capital or operating budget adopted by the
               unanimous consent of the Board, will not be made without the
               unanimous consent of the Board except as permitted by the Budget
               Committee or the Compensation Committee of the Board (both of
               which committees shall consist of one nominee of GV and one
               nominee of GP) - the nominees on such committee(s) shall give or
               withhold their consent within 36 hours after receiving a request
               to consider the proposed expenditure(s);

                                     - 8 -
<PAGE>

          (q)  no action contemplated in SECTION 2.03(3) shall occur except as
               permitted in accordance with the terms of that section; and

          (r)  give written notice to the Shareholders of any failure to meet
               any of the obligations set forth in SECTIONS 2.03(3)(A) through
               2.03(3)(P), inclusive, as soon as the Managing Director becomes
               aware of such failure.

     (4)  The Managing Director shall have the sole authority and power to cause
          the Corporation to do any action that is not a Material Action and to
          make any decision on behalf of the Corporation that does not relate to
          a Material Action. Except as limited by this Agreement, the Managing
          Director shall have the sole responsibility, authority and power to
          manage the business and affairs of the Corporation.

2.04 SOFTWARE RELATED ACTIONS

     At any time during the initial 15 month period following the signing of
     this Agreement or at any time after the exercise by GP of the "Option"
     referred to in the Share Subscription and Option Agreement entered into
     between the parties contemporaneously with this Agreement, the Corporation
     shall not develop, sell, license, lease or otherwise make software,
     products or services available to any third party (including Affiliates of
     any party to this Agreement), or make any commitment or enter into any
     agreement to do any of the foregoing, without the unanimous consent of the
     Board.

                                    ARTICLE 3

                                FINANCIAL MATTERS

3.01 EQUITY PARTICIPATION

     Each Shareholder represents and warrants that it is the registered owner of
     that number and class of the Shares set out opposite such Shareholder's
     name in the recitals to this Agreement. GV further warrants and represents
     that Zone 4 Play, Inc. (a Nevada company) and Zone 4 Play, Inc. (a Delaware
     company) are creditors of GV and therefore have liens on GV Shares securing
     the above debt. In the event that Shares are to be transferred pursuant to
     this Agreement, the Shareholders undertake that such Shares shall be free
     and clear of all claims, liens and encumbrances whatsoever. Each
     Shareholder represents and warrants that no person, firm, corporation,
     partnership, trust or other entity has any agreement or option or right
     capable of becoming an agreement for the purchase of such Shares except as
     set forth in this Agreement.

                                     - 9 -
<PAGE>

3.02 CAPITAL

     If the Corporation requires additional funds, the Board shall convene and
     arrive at a satisfactory decision on the matter. Any such decision to
     determine the mechanism under which additional funds are raised shall
     require the unanimous consent of the Board.

3.03 PAYMENTS AND DISTRIBUTIONS

     All funds from time to time available to the Corporation which in unanimous
     opinion of the Board are not otherwise required for the Corporation's
     purposes shall be paid, applied and distributed as follows:

     (1)  first to the making of any payments which are due from the Corporation
          to any bank or lender other than a Shareholder;

     (2)  secondly, to the repayment of interest owing on loans from
          Shareholders to the Corporation, such payments to be made PRO RATA in
          accordance with the interest owing;

     (3)  thirdly, to the repayment of the principal amount of loans from
          Shareholders to the Corporation, such payments to be made PRO RATA in
          accordance with the principal amounts owing to each Shareholder; and

     (4)  fourthly, but subject to the other provisions of this Agreement, the
          balance shall be distributed to the Shareholders by way of dividends.

3.04 ACCOUNTANT

     All of the Shareholders, by unanimous agreement on a yearly basis, shall
     appoint the accountants of the Corporation. The accountants of the
     Corporation shall have access to all books, accounts, records, vouchers,
     checks, papers and documents which relate to the Corporation, including
     those of the Shareholders.

3.05 BOOKS OF ACCOUNT

     Subject to all applicable, laws, proper books of account and records shall
     be kept by the Corporation at such place as shall be determined by the
     unanimous agreement of the directors and entries shall be made therein in
     accordance with generally accepted accounting principles. Upon giving not
     less than 14 days notice to the Managing Director, each Shareholder may
     require a meeting with the Managing Director at which meeting such
     Shareholder or its nominee shall have free access to examine such books of
     account and records, provided that any confidential information which is
     obtained shall not be disclosed to others or used for any improper purpose.
     Each Shareholder shall at all times, without any concealment or
     suppression, furnish correct information, accounts and statements to the
     Shareholders and the Corporation in respect of all transactions pertaining
     to the Corporation.

                                     - 10 -
<PAGE>

3.06 FINANCIAL REPORTING

     The Board shall cause the Managing Director to prepare and send to each
     Shareholder:

     (1)  an un-audited profit and loss statement and balance sheet as at the
          end of each calendar quarter, prepared in accordance with generally
          accepted accounting principles applied on a consistent basis with
          prior periods and setting forth in the statements in comparative form
          figures for the corresponding calendar quarter in the preceding year -
          such documents to be sent to the Shareholders within 45 days following
          the end of each calendar quarter; and

     (2)  annual financial statements, prepared by the Accountants, containing:

          (a)  the balance sheet of the Corporation, prepared in accordance with
               generally accepted accounting principles applied on a consistent
               basis; and

          (b)  a statement of profit and loss and a statement of changes in
               financial position, prepared in accordance with generally
               accepted accounting principles applied on a consistent basis of
               the Corporation for such period;

          such statements shall be audited, unless otherwise determined by
          unanimous consent of all Shareholders, and shall be sent to the
          Shareholders within 90 days after the end of each fiscal year of the
          Corporation.

3.07 BUDGETS

     The Corporation shall adopt and keep in place, by unanimous consent of the
     directors, a current operating budget and a current capital budget. Any
     expenditure not permitted under an applicable budget may be made only with
     the unanimous consent of the directors.

3.08 SHAREHOLDER'S AUDIT

     A Shareholder (the "AUDITING SHAREHOLDER") may from time to time (but not
     more than once during any 12 month period) upon making a written request to
     the Managing Director (the "AUDIT REQUEST"), at its own expense, cause an
     audit to be made of the Corporation's books and accounts by a chartered
     accountant or certified public accounts appointed by such Shareholder. Such
     audit shall be conducted in the presence of the Managing Director and/or
     his/her nominees at a place determined by the Managing Director. Within 7
     days of receiving an Audit Request, the Managing Director will notify the
     Auditing Shareholder of the place and time at which such audit may be
     conducted (which time shall be not later than the 21st day after the Audit
     Request was delivered. Such auditor shall, for the purpose of performing
     the audit, have access to all books, accounts, records, vouchers, checks,
     papers and documents of or which relate to the Corporation's business and
     shall be entitled to require from the Shareholders, directors, officers and
     employees of the Corporation, such information and explanations as in its
     opinion are necessary to enable him to make such an audit. The results of
     the audit shall be disclosed to the Corporation and the Shareholders. If
     the audit discloses that there are material irregularities in the books and
     accounts of the Corporation, then the Shareholder who has caused the audit
     to be made shall be reimbursed by the Corporation for all costs and
     expenses incurred by him to have such audit performed. If the audit report
     identifies material irregularities, the Auditing Shareholder may cause a
     follow-up audit to be conducted to verify that the Corporation has
     corrected the material irregularities; the cost of the follow-up audit
     shall be borne by the Corporation.

                                     - 11 -
<PAGE>

3.09 BANK ACCOUNT

     The Corporation shall maintain a bank account or bank accounts with a Bank
     located in the Isle of Man. All bank accounts of the Corporation shall be
     kept in the name of the Corporation. All monies received for the account of
     the Corporation shall be paid immediately into a bank account of the
     Corporation in the same drafts, checks, bills or cash in which they are
     received.

3.10 WIND-UP

     (1)  If the Shareholders unanimously agree to wind-up the Corporation, the
          wind-up shall be conducted in a manner whereby its entire assets are
          sold and the net proceeds (after payment of all of the Corporation's
          debts and obligations) shall be divided between the Shareholders on a
          PRO RATA basis having regard to the respective number of Shares they
          own.

     (2)  During the wind-up, each asset of the Corporation shall be offered for
          sale to the highest bidder (be it a Shareholder or a third party).
          Every bidder must bid on each asset individually, but may make such
          bid conditional upon being the successful bidder for other specified
          assets.

     (3)  If a third party makes the highest bid for an asset, then either or
          both Shareholders may (within 10 Business Days after the bidding
          process for the assets of the Corporation ends) offer to match the
          third party's bid. If only one Shareholder offers to match the bid, it
          shall be entitled to purchase the asset. If both Shareholders offer to
          match the bid, the Shareholders shall conduct additional rounds of
          bidding between them until one of the Shareholders outbids the other
          (at a price for the asset which is higher than that offered by the
          third party).

     (4)  Upon the completion of the wind-up of the Corporation, the
          Shareholders and their Affiliates shall not be restricted in any way
          from engaging in the Corporation's former activities, unless they
          mutually agree otherwise.

                                     - 12 -
<PAGE>

                                    ARTICLE 4

                             DEALING WITH SECURITIES

4.01 NO TRANSFER OF SECURITIES OR RIGHTS

     A Shareholder shall not Transfer any Securities or rights under this
     Agreement except as permitted by this Agreement or with the written consent
     of all other Shareholders.

4.02 NOTATION ON SECURITIES

     The following language shall be conspicuously noted on all Share
     certificates of the Corporation and on all share certificates issued to
     Shareholders:

          "The shares represented by this certificate are subject to all the
          terms and conditions of a unanimous shareholders agreement made as of
          September 14, 2006, a copy of which is on file at the registered
          office of the Corporation."

4.03 INITIATION OF SALE PROVISIONS

     No Shareholder shall initiate a sale or purchase under this Article until
     such time as any sale or purchase previously initiated under this Article
     has been completed or otherwise ceased to be effective.

4.04 NEW SHAREHOLDERS

     If a Transfer of Shares to a person who is not an existing Shareholder
     under this Agreement (the "TRANSFEREE") is permitted in accordance with
     this Agreement, the Transferee shall as a condition of Transfer enter into
     an agreement with the Corporation and the remaining Shareholders pursuant
     to which the Transferee shall be entitled to all the benefits and shall
     assume all of the obligations of the transferor under this Agreement. The
     Transferee must be an incorporated entity.

4.05 DEFAULT PROVISIONS

     (1)  For the purposes of this section:

          (a)  an "Event of Default" occurs whenever:

               (i)  a Shareholder:

                         (aa) becomes bankrupt or insolvent or takes the benefit
                    of any statute for bankrupt or insolvent debtors; or

                                     - 13 -
<PAGE>

                         (bb) makes any assignment of corporate assets to one or
                    more of its creditors, or arrangement with its creditors for
                    the purpose of avoiding bankruptcy;

               (ii) a receiver, receiver and manager, or other officer with
                    similar powers is appointed for all or any material part of
                    a Shareholder's property;

               (iii) steps are taken or proceedings are initiated for the
                    dissolution, winding-up or other termination of a
                    Shareholder or for the liquidation of a Shareholder's
                    assets;

               (iv) a Shareholder is in material default under any provision of
                    this Agreement, provided that:

                    (aa) if such default is not capable of rectification then no
                         notice of such default need be given by any other
                         Shareholder;

                    (bb) if such default is capable of rectification then such
                         default shall not become an "Event of Default" until
                         another Shareholder has given notice of the default to
                         such Shareholder and such default remains un-rectified
                         for a period of 20 Business Days following the giving
                         of such notice (however if the default is of a nature
                         that it cannot be rectified within 20 Business Days,
                         such 20 Business Day period shall be extended as
                         necessary provided that the rectification of the
                         default is begun promptly after receipt of such notice
                         and is pursued with due diligence to completion); or

               (v)  there is a Transfer (voluntarily or involuntarily) of all or
                    any of the Shareholder's Shares to any third party which is
                    not permitted by this Agreement.

          (b)  "Offeror" means the Shareholder referred to in SECTION 4.05(1)(A)
               and "Offeree" means the other Shareholder.

     (2)  If an Event of Default occurs, the Offeree shall have the right to
          purchase all (but not less than all) of the Shares owned by the
          Offeror (the "OFFERED SHARES") at their Transfer Value as of the
          Transfer Valuation Date in accordance with the provisions of this
          section.

     (3)  If the Offeree desires to purchase Offered Shares due to an Event of
          Default, it shall notify the other Offeror of such desire within 30
          days of learning of the Event of Default and shall proceed with
          diligence to have the Transfer Value determined as soon as reasonably
          possible. For the purposes of this section, an Offeree shall be deemed
          to have learned of the Event of Default no later than the date that it
          receives notice to that effect from the other Shareholder.

                                     - 14 -
<PAGE>

     (4)  As soon as the Transfer Value is determined, the Corporation shall by
          notice (the "VALUE NOTICE") advise both Shareholders of the
          determination and provide reasonable particulars of such
          determination.

     (5)  The Offeree may only purchase the Offered Shares by notice (the
          "ACCEPTANCE") given to the other Shareholder to this Agreement within
          30 days following receipt of the Value Notice (the "ACCEPTANCE
          PERIOD"). If the Offeree gives its Acceptance within the Acceptance
          Period, the transaction of purchase and sale shall be completed on the
          90th day following the expiry of the Acceptance Period (or the next
          Business Day thereafter if the 90th day is not a Business Day). If the
          Offeree does not give its Acceptance within the Acceptance Period, the
          right of the Offeree to purchase the Offered Shares shall forthwith
          cease with respect to the Event of Default for which the Value Notice
          was given.

     (6)  All definitions in this section apply to this section only.

4.06 RIGHT OF FIRST REFUSAL - MARKET LAST

     (1)  Either Shareholder (the "OFFEROR") who desires to sell all of its
          Shares (the "OFFERED SHARES") pursuant to this section shall first
          make a bona fide offer to sell the Offered Shares to the other
          Shareholder (the "OFFEREE") by giving notice (the "OFFER") referring
          to this section and stating the terms upon which the Offeror desires
          to sell the Offered Shares.

     (2)  The Offer shall:

          (a)  be in sufficient detail that it can reasonably be accepted and
               completed by the Offeree;

          (b)  include a purchase price payable in cash on closing; and

          (c)  include the place, time and date of closing, reasonably
               established.

     (3)  The Offeree may only accept the Offer by notice (the "ACCEPTANCE")
          given to the Offeror within 14 days following receipt of the Offer
          (the "ACCEPTANCE PERIOD"). If the Offeree give its Acceptance within
          the Acceptance Period, the transaction of purchase and sale shall be
          completed on the 90th day following the expiry of the Acceptance
          Period (or the next Business day thereafter if the 90th day is not a
          Business Day).

                                     - 15 -
<PAGE>

     (4)  If the Offered Shares are not purchased by the Offeree in accordance
          with the foregoing provisions in this SECTION 4.06, the Offerors may
          complete a sale of the Offered Shares to an incorporated entity (the
          "PURCHASER") within 180 days after the expiry of the Acceptance Period
          on terms no more favourable to the Purchaser than those stated in the
          Offer. If such sale is not completed to the Purchaser within the 180
          day period, the rights of the Offeree under this section shall again
          take effect.

     (5)  All definitions in this section apply to this section only.

4.07 THIRD PARTY OFFER FOR 100% OF SHARES

     (1)  A Shareholder (the "FIRST SHAREHOLDER") who desires to sell all (but
          not less than all) of its Shares (the "FIRST SHAREHOLDER'S SHARES")
          pursuant to this section shall first obtain a bona fide offer (the
          "INITIAL THIRD PARTY OFFER") from a third party (the "INITIAL THIRD
          PARTY"), which third party is an incorporated entity, for the purchase
          of all the issued and outstanding Shares of the Corporation (the
          "OFFERED SHARES") together with a certified check payable to the
          Corporation's lawyer in trust in an amount equal to at least 15% of
          the purchase price.

     (2)  The Initial Third Party Offer shall:

          (a)  be in sufficient detail that it can reasonably be accepted and
               completed by the Shareholders as vendors and either the Third
               Party as purchaser for the Offered Shares or the other
               Shareholder (the "SECOND SHAREHOLDER")as purchaser for the First
               Shareholder's Shares;

          (b)  include a purchase price payable in cash on closing;

          (c)  be stated to be subject to the provisions of this section; and

          (d)  include the place, time and date of closing, reasonably
               established.

     (3)  The First Shareholder shall then offer to sell the First Shareholder's
          Shares to the Second Shareholder on the same terms as in the Initial
          Third Party Offer by notice (the "OFFER") given to the Second
          Shareholder referring to this section and including a copy of the
          Initial Third Party Offer. Upon receiving the Initial Third Party
          Offer, the First Shareholder must disclose to the Second Shareholder
          any prior, existing or intended business or other connection, direct
          or indirect, between the First Shareholder (and/or any of its
          Affiliates of Subsidiaries) and the Initial Third Party; if the First
          Shareholder fails to disclose such a connection, the Second
          Shareholder shall have the right to terminate and void any sale of
          Shares to the Initial Third Party.

     (4)  The Second Shareholder may within the 20 Business Day period (the
          "ACCEPTANCE PERIOD") after receiving the Initial Third Party Offer:

          (a)  accept the Offer by notice (the "ACCEPTANCE") given to the First
               Shareholder, in which case the Second Shareholder shall not be
               required to provide a deposit prior to closing and the
               transaction of purchase and sale shall be completed on the 20th
               Business Day following the expiry of the Acceptance Period; or

                                     - 16 -
<PAGE>

          (b)  obtain a second bona fide offer (the "SUBSEQUENT THIRD PARTY
               OFFER") from a third party (the "SUBSEQUENT THIRD PARTY"), which
               third party is an incorporated entity, for the purchase of the
               Offered Shares together with a certified check payable to the
               Corporation's lawyer in trust in an amount equal to at least 15%
               of the purchase price.

     (5)  If the Second Shareholder elects not to accept the Offer and obtains a
          Subsequent Third Party Offer, which it desires to accept and which
          yields greater net proceeds to the Shareholders than they would
          receive under the Initial Third Party Offer, the Second Shareholder
          shall provide a copy of the Subsequent Third Party Offer to the First
          Shareholder and at that time must disclose to the First Shareholder
          any prior, existing or intended business or other connection, direct
          or indirect, between the Second Shareholder (and/or any of its
          Affiliates of Subsidiaries) and the Subsequent Third Party; if the
          Second Shareholder fails to disclose such a connection, the First
          Shareholder shall have the right to terminate and void any sale of
          Shares to the Subsequent Third Party. Subject to the foregoing, if the
          Subsequent Third Party Offer does yield greater net proceeds to the
          Shareholders than they would receive under the Initial Third Party
          Offer, the Shareholders shall accept the Subsequent Third Party Offer
          and sell the Offered Shares to the Subsequent Third Party on the terms
          contained in the Subsequent Third Party Offer.

     (6)  If, within the Acceptance Period, the Second Shareholder does not
          accept the Offer (to purchase the Shares of the First Shareholder at
          the price per share contained in the Initial Third Party Offer) and
          does not obtain a Subsequent Third Party Offer (that yields greater
          net proceeds to the Shareholders than they would receive under the
          Initial Third Party Offer) , the Shareholders shall accept the Initial
          Third Party Offer and sell the Offered Shares to the Initial Third
          Party on the terms contained in the Initial Third Party Offer.

     (7)  All definitions in this section apply to this section only.

                                     - 17 -
<PAGE>

4.08 BUY/SELL BETWEEN SHAREHOLDERS

     (1)  The Shareholders may sell shares between themselves on such terms as
          they may agree at any time following the expiration of 24 months from
          the signing of this Agreement.

     (2)  If a Shareholder (the "OFFEROR") desires to purchase all of the Shares
          of the other Shareholder (the "OFFEREE") but the Shareholders cannot
          agree (for any reason) to enter into such a transaction, the Offeror
          has the right at any time to give written notice (the "NOTICE") to the
          other Shareholder (the "OFFEREE"), which Notice shall refer to this
          section and shall contain the following:

          (a)  an offer by the Offeror to purchase all of the Shares owned by
               the Offeree (an "OFFER TO PURCHASE");

          (b)  an offer by the Offeror to sell all of the Shares owned by the
               Offeror to the Offeree (an "OFFER TO SELL"); and

          (c)  the price to be paid for pursuant to the Offer to Purchase (the
               "PURCHASE PRICE") and which must be payable in cash on closing.

          (d)  Without derogation from the above, the Offeree shall have the
               right to purchase the Offeror's Shares at a price 15% lower than
               the Purchase Price (the "DISCOUNTED PURCHASE PRICE").

          Notwithstanding the above, no Notice may be given prior to the first
          anniversary of the date of this Agreement.

     (3)  Within 14 days of the Notice being given, the Offeree shall be
          entitled to accept either the Offer to Purchase or the Offer to Sell
          (at the Discounted Purchase Price) by giving written notice of such
          acceptance to the Offeror.

     (4)  If the Offeree accepts the Offer to Purchase, the Offeree shall sell
          and the Offeror shall purchase all of the Shares owned by the Offeree
          at the Purchase Price and the transaction of purchase and sale shall
          be completed within 60 days of the expiry of the 14 day period
          specified in SECTION 4.08(3).

     (5)  If the Offeree accepts the Offer to Sell, the Offeror shall sell and
          the Offeree shall purchase all of the Shares owned by the Offeror at
          the Discounted Purchase Price and the transaction of purchase and sale
          shall be completed within 180 days of the expiry of the 14 day period
          specified in SECTION 4.08(3).

                                     - 18 -
<PAGE>

     (5)  If the Offeree does not accept either the Offer to Purchase or the
          Offer to Sell within the 14 day period specified in SECTION 4.08(3),
          the Offeree shall be deemed to have accepted the Offer to Purchase of
          the Offeror and to have given written notice of such acceptance
          pursuant to the provisions of SECTION 4.08(3) on the last day upon
          which such notice may have been given.

     (6)  All definitions in this section apply to this section only.

                                    ARTICLE 5

                                    VALUATION

5.01 SELECTION OF VALUATOR

     If this Agreement provides for the purchase and sale of Shares at their
     Transfer Value and if the Shareholders cannot agree on the Transfer Value,
     then upon the request of any Shareholder, the Corporation's Accountant
     shall determine the Transfer Value as at the applicable Transfer Valuation
     Date. In the remainder of this section the Accountant is also referred to
     as the "Valuator". For the purpose of determining the Transfer Value, the
     Valuator may appoint, at the expense of the Corporation, an independent
     valuator or appraiser to assist in such determination. The Valuator and any
     valuator or appraiser assisting the Valuator shall act as an expert and not
     as an umpire or arbitrator and shall not be bound by the rules of natural
     justice and may elect, at their discretion, to hear representations from
     any party to this Agreement with respect to the Transfer Value. The
     determination of the Transfer Value made by the Valuator shall, for the
     purposes of this Agreement, be final and binding on the parties to this
     Agreement and no appeal shall lie therefrom.

     Notwithstanding the foregoing, if any Shareholder disagrees with the
     determination of the Accountant as to the Transfer Value, such Shareholder
     may, by notice in writing to the other Shareholders, require an independent
     qualified business valuator, which must be a national accounting firm in
     the United Kingdom who is not the accountant or auditor for any party to
     this Agreement, to review the Accountant's determination of the Transfer
     Value and the determination of such independent valuator, which shall be
     final and binding on the parties to this Agreement. The fees and
     disbursements of the independent valuator shall be borne by the Shareholder
     requesting the review unless the value found by the independent valuator
     varies by more than 10% from the valuation determined by the Accountants
     and provided that such variation is in favour of the Shareholder requesting
     the review, in which event the fees and disbursements of such independent
     auditor shall be borne by the Corporation.

5.02 DETERMINATION OF TRANSFER VALUE OF SHARES

     If the Shareholders cannot agree on the Transfer Value, it shall be arrived
     at by multiplying the fair market value of each issued and outstanding
     Share (i.e. fair market value of all issued and outstanding Shares divided
     by the number of issued and outstanding Shares) by the number of Shares to
     be transferred.

                                     - 19 -
<PAGE>

5.03 TIMING FOR VALUATION

     Such determination shall be made in writing and given to all Shareholders
     and to the Corporation within 45 days of the date of the request made to
     the Valuator to make such determination or as soon thereafter as may be
     reasonably possible. If the Valuator fails to do so or is unwilling to do,
     any party to the transaction of purchase and sale may apply to a court of
     competent jurisdiction to have a substitute appointed for the Valuator.

5.04 COSTS OF VALUATION

     All fees and disbursements charged by the Valuator shall be paid by the
     parties to the transaction of purchase and sale or, at the Managing
     Director's option, by the Corporation.

                                    ARTICLE 6

                                     CLOSING

6.01 CLOSING PROVISIONS

     Unless otherwise provided for in this Agreement, the closing (the
     "CLOSING") of any sale of Shares (the "TRANSFERRED SHARES") between
     Shareholders (the seller of Transferred Shares being called the "VENDOR"
     and the purchaser of Transferred Shares being called the "PURCHASER") shall
     be held at the registered office of the Corporation at 11:00 a.m. on the
     date provided for Closing and, at Closing:

     (1)  the Vendor shall:

          (a)  deliver to the Corporation signed resignations of the Vendor and
               the Vendor's nominees, if any, as directors, officers and
               employees of the Corporation, as the case may be, such
               resignations to be effective at Closing;

          (b)  transfer the Transferred Shares to the Purchaser free from all
               mortgages, charges, security interests, claims, encumbrances and
               restrictions whatsoever (except restrictions created under this
               Agreement). If, at Closing, the Transferred Shares are subject to
               any mortgage, charge, security interest, claim, encumbrance or
               restriction, then the Purchaser may do such acts and things, and
               make such payments, as seem necessary to the Purchaser, acting
               reasonably, in order to discharge such mortgage, charge, security
               interest, claim, encumbrance or restriction and the Purchaser
               shall deduct from the purchase price for the Transferred Shares
               all costs and expenses incurred in so doing; and

          (c)  pay any amount owing to the Corporation by the Vendor; and

                                     - 20 -
<PAGE>

          (d)  deliver to the Corporation all records and documents belonging to
               the Corporation and which are in the Vendor's possession or
               control

     (2)  the Purchaser shall pay for the Transferred Shares by wire transfer
          into a bank account specified by the Vendor; and

     (3)  any amount owing by the Corporation to the Vendor shall be paid by the
          Corporation.

6.02 FAILURE TO CLOSE

     (1)  If the Vendor fails to complete the transaction of purchase and sale,
          then the amount which the Purchaser would otherwise be required to pay
          to the Vendor at Closing may be deposited by the Purchaser into a
          trust account in the name of the Vendor at the bank branch used by the
          Corporation. Upon making the deposit and giving the Vendor notice that
          the deposit was made, the purchase of the Transferred Shares by the
          Purchaser shall be deemed to have been fully completed and the
          Transferred Shares shall be conclusively deemed to have been
          transferred to and vested in the Purchaser and the Secretary of the
          Corporation shall cause the name of the Purchaser to be entered in the
          share register of the Corporation as the holder of the Transferred
          Shares. The Vendor shall be entitled to receive the amount deposited
          in the trust account upon satisfying the Vendor's obligations pursuant
          to SECTION 6.01(1).

     (2)  If the Purchaser fails to complete the transaction of purchase and
          sale, the Vendor may, at its option (exercisable by giving written
          notice thereof to the Vendor on or as soon as reasonably practicable
          after the intended Closing) and in addition to any other rights it may
          have at law including seeking an order for specific performance and/or
          damages, terminate the transaction and the Purchaser's right at that
          time to purchase the Transferred Shares shall be deemed to be null and
          void.

     (3)  If any Transfer of Shares is subject to review under the provisions of
          any statute, the Closing shall be conditional upon the consent or
          allowance or deemed consent or allowance of the purchase of the Shares
          by the applicable public authority, which consent or allowance shall
          be on terms and conditions reasonably satisfactory to the Purchaser.
          Notwithstanding any other provision in this Agreement, the Closing
          shall be delayed until the receipt of such consent or allowance or
          deemed consent or allowance.

                                     - 21 -
<PAGE>

                                    ARTICLE 7

                                   TERMINATION

7.01 TERMINATION

     This Agreement, excluding any non-competition provisions in it, shall
     terminate upon:

     (1)  the written agreement of all Shareholders;

     (2)  the dissolution or bankruptcy of the Corporation or the making by the
          Corporation of an assignment under the bankruptcy laws of any
          applicable jurisdiction, or

     (3)  one Shareholder becoming the owner of all of the Shares.

                                    ARTICLE 8

                         REPRESENTATIONS AND WARRANTIES

8.01 REPRESENTATIONS OF EACH SHAREHOLDER

     Each Shareholder represents and warrants that:

     (1)  it has been duly incorporated or created and is validly subsisting and
          in good standing under the laws of its jurisdiction of incorporation;

     (2)  it has the corporate power and authority to enter into and perform its
          obligations under this Agreement;

     (3)  this Agreement has been duly authorized, executed and delivered by it
          and constitutes a valid and enforceable obligation enforceable against
          it in accordance with its terms; and

     (4)  it is not a party to, bound or affected by or subject to any
          indenture, mortgage, lease, agreement, instrument, charter or by-law
          provision, statute, regulation, judgment, decree or law which would be
          violated, contravened, breached by or under which default would occur
          or under which any payment or repayment would be accelerated as a
          result of the execution and delivery of this Agreement or the
          consummation of any of the transactions provided for in this
          Agreement.

8.02 REPRESENTATIONS AND WARRANTIES OF THE CORPORATION

     The Corporation and GV represent and warrant that:

     (1)  the authorized capital of the Corporation consists of 20,000,000
          Ordinary (voting) shares of (pound).0001 each;

     (2)  the Shares listed in the recitals above are the only authorized,
          issued and outstanding Shares of the Corporation; and

                                     - 22 -
<PAGE>

     (3)  no person, firm, corporation, partnership, trust or other entity has
          any agreement or option or right capable of becoming an agreement for
          the purchase, subscription or issuance of any of the authorized and
          unissued Shares of the Corporation.

8.03 SURVIVAL OF REPRESENTATIONS AND WARRANTIES

     All of the representations and warranties made in this Agreement shall
     survive the execution of this Agreement and shall be deemed to be
     continuing.

                                    ARTICLE 9

                           GENERAL CONTRACT PROVISIONS

9.01 APPLICATION OF THIS AGREEMENT

     The terms of this Agreement shall apply MUTATIS MUTANDIS to any shares:

     (1)  resulting from the conversion, reclassification, redesignation,
          subdivision or consolidation or other change of the Shares; and

     (2)  of the Corporation or any successor body corporate which may be
          received by the Shareholders on a merger, amalgamation, arrangement or
          other reorganization of or including the Corporation;

     and prior to any such action being taken the parties shall give due
     consideration to any changes which may be required to this Agreement in
     order to give effect to the intent of this section.

9.02 FURTHER ASSURANCES

     Each party shall sign such other documents and do and perform such other
     acts as may, in the reasonable opinion of counsel for any other party, be
     necessary or desirable in order to give full effect to this Agreement. Each
     Shareholder agrees to vote and act as a shareholder of the Corporation to
     fulfill the provisions of this Agreement and in all other respects to
     comply with, and use all reasonable efforts to cause the Corporation to
     comply with, this Agreement, and to the extent, if any, which may be
     permitted by law, shall cause its respective nominee(s) as directors to act
     in accordance with this Agreement.

                                     - 23 -
<PAGE>

9.03 ASSIGNMENT

     Unless expressly permitted in this Agreement, no party may assign such
     party's rights or obligations under this Agreement without the prior
     written consent of all other parties.

9.04 TIME OF THE ESSENCE

     Time shall be of the essence in respect of every part of this Agreement.

9.05 CONFIDENTIALITY

     Each party agrees not to, at any time or under any circumstances, without
     the unanimous prior consent of the other parties to this Agreement,
     directly or indirectly communicate or disclose to any third party any
     confidential knowledge or information howsoever acquired by such party
     relating to or concerning the customers, products, technology, trade
     secrets, systems, operations or other confidential information regarding
     the property, business and affairs of the Corporation or any of its
     Affiliates, nor shall such party utilize or make available any such
     knowledge directly or indirectly in connection with any business or
     activity in which such party is or proposes to be involved, or in
     connection with the solicitation or acceptance of employment with any
     person. Without limiting the generality of the foregoing, each Shareholder
     agrees not to:

     (1)  permit any of its directors, officers, employees or agents to divulge
          to any person, firm, association, syndicate, corporation or
          organization the name of any customer, client or supplier of the
          Corporation, and

     (2)  interfere with, entice away or otherwise attempt to obtain the
          withdrawal of any employee of the Corporation.

9.06 BENEFIT OF THE AGREEMENT

     This Agreement shall enure to the benefit of and be binding upon the
     respective successors and permitted assigns of the parties.

9.07 NOTICES

     Any demand, notice, request or other communication required or permitted to
     be given in connection with this Agreement (referred to in this section as
     a "NOTICE") shall be given in writing and delivered personally or by
     next-day courier or by facsimile transmission. A notice shall be addressed
     to the recipient as follows:

          if to GV at 9 Myrtle Street, Douglas, Isle of Man IM1 1ED and at fax
          no. o

          if to GP, at 11 Old Parham Road, St. John's, Antigua WI and at fax no.
          o

                                     - 24 -
<PAGE>

          if the Corporation, to the Managing Director at the registered office
          of the Corporation and to each Shareholder

     or such other address as may be designated by written notice by any party
     to the others. Such notice shall be conclusively deemed to have been given
     and received when so delivered, provided that delivery actually made on a
     day after normal business hours or on a day which is not a Business Day
     shall be deemed to have been made at the commencement of the next Business
     Day, and further provided that any notice transmitted by facsimile or other
     form of recorded communication shall be deemed given and received on the
     first Business Day after its transmission.

9.08 INTERPRETATION

     (1)  All references in this Agreement to sections are references to
          sections of this Agreement unless otherwise provided.

     (2)  Unless the context requires otherwise, words importing the singular
          number shall include the plural and vice versa, words importing the
          masculine gender shall include the feminine and neuter genders and
          vice versa, and words importing persons shall include individuals,
          partnerships, associations, trusts, unincorporated organizations and
          corporations and vice versa.

9.09 REFERENCES TO LAWS

     Any references in this Agreement to any law, by-law, rule, regulation,
     order or act of any government, governmental body or other regulatory body,
     in whatever form, shall be construed as a reference to it as amended or
     re-enacted from time to time or as a reference to any successor to it.

9.10 AMENDMENTS AND WAIVERS

     No provision in this Agreement may be amended or waived except in writing.

9.11 SEVERABILITY

     Any finding that a provision of this Agreement is invalid or unenforceable
     shall apply only to such provision.

                                     - 25 -
<PAGE>

9.12 ENTIRE AGREEMENT

     The parties expressly agree that in all respects pertaining to this
     Agreement and its subject matter their rights, obligations and remedies
     shall be governed exclusively by the terms of this Agreement and that this
     Agreement supersedes any prior understandings and agreements between them
     with respect to its subject matter. There are no representations,
     warranties, terms, conditions, undertakings or collateral agreements,
     express, implied or statutory, between the parties other than as expressly
     made in this Agreement. For greater certainty, the parties expressly
     exclude the application of or recourse to any rights, obligations and
     remedies in tort.

9.13 ATTORNEY'S FEES AND LEGAL COSTS

     Should any dispute be commenced between the parties concerning any
     provision of this Agreement or the rights and duties of any person in
     relation thereto, the prevailing party or parties in such dispute shall be
     entitled, in addition to such other relief as may be granted, to a
     reasonable sum as and for their attorneys fees in such litigation which
     shall be determined by the court in such litigation or in a separate action
     brought for that purpose. For purposes of this section, the term
     "prevailing party or parties" shall mean the party or parties who obtain
     substantially the relief sought by such party or parties in such claim,
     suit or other legal proceeding, whether by settlement, summary judgment,
     judgment or otherwise.

9.14 CONSTRUCTION

     The preparation of this Agreement has been a joint effort of the parties
     and the resulting document shall not, solely as a matter of judicial
     consideration, be construed more severely against one party than the other
     parties.

9.15 COUNTERPARTS

     This Agreement may be signed by the parties in separate counterparts each
     of which when so signed and delivered shall be an original and all such
     counterparts shall together constitute one instrument.

9.16 GOVERNING LAW

     This Agreement shall be governed by and construed in accordance with the
     laws of the Isle of Man. Each party to this Agreement attorns to the
     exclusive jurisdiction of the courts of the Isle of Man.

                                     - 26 -
<PAGE>

                                   ARTICLE 10

                                 NON-COMPETITION

10.01 NON-COMPETITION

     (1)  GV covenants and agrees that neither it nor any of its Affiliates will
          (individually or collectively), for so long as the Corporation is in
          existence:

          (a)  in any manner whatsoever carry on or be engaged in or be
               concerned with or interested in or advise, lend money to,
               guarantee the debts or obligations of or permit its name or any
               part thereof to be used or employed by any person, firm,
               association, syndicate, corporation or organization engaged in or
               concerned with or interested in any business anywhere in the
               world related to or regarding online multiplayer blackjack
               tournament which are similar to or competitive with the business
               carried on by the Corporation; or

          (b)  develop, license and/or sell any online multiplayer blackjack
               tournament software similar or competitive with the software
               owned, developed, under development, licensed or sold by the
               Corporation.

     (2)  GV hereby acknowledge that it has reviewed the provisions of SECTION
          10.01(1) above, turned its mind to the reasonableness of its scope
          (both as to geographical area and time period), consulted an
          independent lawyer who has explained the implications of such section
          to it, fully understands the implication of such section, and is
          entirely satisfied that the provisions of such section in their
          entirety are necessary and reasonable for the protection of the
          legitimate business interests of the Corporation and each Shareholder
          and should be given full force and effect.

     (3)  GV agree that the remedy at law for any breach of the provisions
          hereof by it or by an Affiliate of it may be inadequate and that in
          the event of such breach the Corporation and/or GP shall be entitled
          to make an application to the appropriate court granting the
          Corporation temporary and/or permanent injunctive relief against GV
          and/or one or more of its Affiliates, without the necessity of proving
          actual damage to the Corporation, for the purpose of preventing the
          breaching party or parties from continuing such breach.

                                     - 27 -
<PAGE>

IN WITNESS WHEREOF THE PARTIES HAVE SIGNED THIS AGREEMENT:

                               )
                               )        GAMING VENTURES PLC
                               )
                               )
                               )        Per: /s/ Uri Levy
                               )        ------------------------
                               )        Authorized Signing Officer
                               )
                               )
                               )        GOLDEN PALACE LIMITED
                               )
                               )
                               )        Per: /s/ Richarg G. Rowe
                               )        ------------------------
                               )        Authorized Signing Officer
                               )
                               )
                               )        RNG GAMING LIMITED
                               )
                               )
                               )        Per: /s/ Uri Levy
                               )        ------------------------
                               )        Authorized Signing Officer
                               )

                                     - 28 -

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