Document:

Exhibit 10.11

                           [LOGO OF THE MILLER GROUP]

                              CONSULTING AGREEMENT

This Agreement is effective on February 14, 2008 (the "Effective  Date") between
Global  Entertainment   Corporation  (collectively  with  its  subsidiaries  and
affiliates,  the "Company") and Miller Capital Corporation ("MCC"),  pursuant to
which MCC will furnish to the Company certain services as set forth herein.

1. MCC SERVICES.

MCC will  perform  the  following  services  for the  Company  pursuant  to this
Agreement:

     A.   Financial   consultation   with  respect  to  the  Company's   funding
          requirements and projected associated costs; and

     B.   Advice and  consultation  with  respect  to  financial  structure  and
          markets,   including   (without   limitation)   advising  the  Company
          regarding, and assisting with the arrangement and structure of private
          and public placements of equity and debt financings; and

     C.   Advice and consultation with respect to potential merger, acquisition,
          joint venture, divestiture and other transactions; and

     D.   Investor relations services; and

     E.   Preparation  of  various  reports   including  such  reports  as;  due
          diligence  review,  business  operations and financial plan,  business
          strategy and analysis,  financial markets review,  business  valuation
          analysis,  fairness opinion, board and executive compensation plan and
          analysis  and  other  reports  undertaken  during  the  term  of  this
          Agreement  that are  mutually  agreed to with  respect to content  and
          scope  (each  such  report   referred  to  hereinafter  as  a  "Report
          Assignment").

It is expressly  acknowledged  and agreed by the parties  hereto that MCC is not
registered with the Securities and Exchange  Commission (SEC) as a broker/dealer
or a member of the  Financial  Industry  Regulatory  Authority  (FINRA).  Miller
Capital Markets, LLC, an affiliate of MCC, is a registered  broker/dealer and it
is expressly  contemplated  that any and all services of the type required under
applicable  laws and  regulations  to be provided by a registered  broker/dealer
would be provided to the Company by Miller  Capital  Markets,  LLC pursuant to a
separate engagement agreement negotiated and entered into by such parties.

It is  expressly  acknowledged  and agreed by the  parties  hereto  that MCC and
employees  and  affiliates  of MCC  are  independent  contractors  and  are  not
employees or officers of the Company.

2. CERTAIN RESPONSIBILITIES, REPRESENTATIONS AND WARRANTIES OF THE COMPANY.

In  connection  with MCC's  engagement,  the Company  will  furnish MCC with all
information concerning the Company that MCC reasonably requests and will provide
MCC  with  access  to  the  Company's   officers,   directors  and   controlling
<PAGE>
Mr. Richard Kozuback
Global Entertainment Corporation
December 14, 2007
Page 2

shareholders.  MCC will  have  access  to the  Company's  legal  and  accounting
professionals  and, with prior  approval  from the Company,  may utilize its own
outside legal counsel and accounting professionals at the Company's expense. The
Company  represents  and warrants to MCC that:  (a) all such  information is and
will be true and  accurate in all  material  respects  and does not and will not
contain any untrue statement of a material fact or omit to state a material fact
necessary in order to make the  statements  made, in light of the  circumstances
under which they were made,  not  misleading;  and (b) any  projected  financial
information or other  forward-looking  information which the Company provides to
MCC (including  without  limitation any  information  compiled by MCC therefrom)
will be made by the Company in good faith,  based on management's best estimates
then available and based on facts and assumptions  which the Company believes to
be reasonable. The Company recognizes the necessity of promptly notifying MCC of
all material developments concerning the Company, its business and prospects and
to supply MCC with all such  information  as may be necessary  for MCC to comply
with  its  own  internal   procedures   as  well  as  any  legal  or  regulatory
requirements.  The  Company  acknowledges  and agrees that MCC will be using and
relying upon all  information  supplied by the Company and its officers,  agents
and others and any other publicly available  information  concerning the Company
without any independent  investigation  or  verification  thereof or independent
appraisal by MCC of the Company or its business or assets.

3. CONFIDENTIALITY.

Information  provided by the Company to MCC in  connection  with this  Agreement
that is identified by the Company as confidential  will be kept confidential and
will only be used by MCC for purposes of its  engagement  hereunder,  except for
information  that (i) was in MCC's  possession  prior to its  disclosure  by the
Company,  (ii) is  publicly  disclosed  other than by MCC in  violation  of this
Agreement, (iii) is obtained by MCC from a person other than the Company who, to
the knowledge of MCC, is not under a confidentiality  obligation to the Company,
(iv) the Company  agrees may be  disclosed,  or (v) is required to be  disclosed
under compulsion of law (whether by interrogatory, subpoena, civil investigative
demand or otherwise), by order or act of any court or governmental or regulatory
authority or body or by MCC's independent auditors or accountants.  MCC may also
disclose such  information  to those of its own and its  affiliates'  respective
officers,  directors,  employees, auditors and professional advisors who need to
know such information for purposes of performing the services  described in this
Agreement.

4. COMPENSATION AND FEES.

For services  rendered  under this  Agreement,  MCC shall  receive the following
compensation and fees:

     A.   As compensation for the services set forth in section 1.A. through 1.D
          above, the Company shall pay MCC a monthly service fee of $15,000 each
          month throughout the term of this Agreement, the first monthly payment
          of which is due on the 20th of March,  2008 and continuing on the same
          day each month thereafter.

     B.   The Company will pay MCC a fee with respect to substantive  updates of
          any  previously  issued  Report,  as well as other Report  Assignments
          undertaken thereafter pursuant to Section 1.E. of this Agreement.  The
          Company and MCC will negotiate in good faith appropriate  compensation
          for MCC, which will take into account,  among other things, the custom
          and  practice  among   consultants  and  advisors   providing  similar
          services.  Payment for each Report Assignment shall be due and payable
          on the date such report is presented to the Company.

     C.   With  respect  to any other  payments  for  services  provided  to the
          Company by MCC not otherwise  covered under A and B above, the Company
          and MCC will negotiate in good faith appropriate compensation for MCC,
          which  will take into  account,  among  other  things,  the custom and
          practice among consultants and advisors providing similar services.

     D.   Out-of-pocket expenses incurred by MCC in connection with the services
          performed  hereunder will be payable by the Company upon submission by
          MCC of monthly invoices  delineating  such expense,  provided that any
<PAGE>
Mr. Richard Kozuback
Global Entertainment Corporation
December 14, 2007
Page 3

          expense  over  $1,000  must be  approved  by the  Company in  advance.
          Reimbursable  travel expenses hereunder shall include  first-class air
          travel for the Chairman, CEO and President of MCC and coach air travel
          for all other MCC  travel.  All  amounts  billed  shall be paid within
          fifteen (15) days following the date invoiced by MCC.

     E.   All amounts payable under this Agreement are  nonrefundable,  shall be
          paid when due and shall be paid in immediately available funds in U.S.
          dollars,  without  setoff and without  deduction for any  withholding,
          value-added or other similar taxes, charges or fees.

5. RESTRICTED STOCK.

Effective  on February  14,  2008,  MCC will  receive a  restricted  stock grant
consisting  of 6,000 shares of the Company's  common stock,  which will be fully
vest on the first  anniversary of the date of grant and shall contain such other
terms and conditions  (including,  without  limitation,  registration rights and
accelerated  vesting  provisions) as shall generally be applicable to restricted
stock grants made to members of the Company's Board of Directors pursuant to the
Company's equity compensation plans.

6. COMPANY COVENANT RE MCC EMPLOYEES.

The Company  recognizes that client service  officers and other employees of MCC
are  necessary  for  the  continued  servicing  by MCC of its  several  clients.
Accordingly,  the Company will not, during the term of this Agreement, and for a
period  twenty-four (24) month period after its  termination,  employ any client
service officer, account executive or other employee of MCC in any capacity.

7. ASSIGNMENT.

The benefits of this  Agreement  shall inure to the  respective  successors  and
permitted  assigns of the parties  hereto and of the  indemnified  parties under
such  indemnification  agreement  and  their  respective  successors,  permitted
assigns and representatives, and the obligations and liabilities assumed in this
Agreement  by  the  parties  hereto  shall  be  binding  upon  their  respective
successors  and assigns.  This  Agreement may not be assigned  without the prior
written consent of the non-assigning party.

8. INTEGRATION.

This writing  constitutes  the full and  complete  agreement of the parties with
respect to the subject matter hereof and supersedes  all prior  agreements  with
respect  thereto.  This  Agreement  may not be modified by any method other than
another writing signed by the parties.

9. HEADINGS.

The  paragraph  headings  have been  inserted for  convenience  and shall not be
construed in a manner contrary to the text of this Agreement.

10. ATTORNEY FEES.

In the event of any action or  proceeding  to  enforce  the  provisions  of this
Agreement,  the prevailing  party shall be entitled to its  reasonable  attorney
fees, such fees to be set by a judge and not by a jury and to be included in any
judgment entered in such action or proceeding.
<PAGE>
Global Entertainment Corporation
December 14, 2007
Page 4

11. INDEMNIFICATION.

Because  MCC will be acting for the benefit of the  Company in  connection  with
this engagement,  the Company agrees to indemnify MCC and certain other persons,
as set forth in the indemnification provisions attached hereto as Exhibit A, the
provisions of which are incorporated  herein in its entirety.  The provisions of
this section shall survive any termination of the engagement that is the subject
of this letter.

12. PUBLICITY.

The  Company  approves  the  use by MCC of the  Company's  name  and/or  logo in
publicity  that includes  tombstones  and  advertising  related  materials  used
exclusively by MCC. MCC agrees to obtain prior approval, which approval will not
be unreasonably withheld, for the use of the Company's name or logo in any other
circumstance.

13. EFFECTIVE DATE AND TERM.

This  Agreement  shall be effective on the Effective  Date and shall continue in
effect for a period of twenty-four (24) months  thereafter;  and provided,  that
the expiration of this Agreement shall not relieve the Company of any obligation
to MCC for amounts earned or accrued hereunder through the expiration date.

14. EXCLUSIVITY.

MCC will be the Company's exclusive financial advisor, and the Company covenants
and  agrees  that it will not  engage  any other  person or entity  (other  than
affiliates  of MCC) to provide  services  similar to those to be provided by MCC
hereunder  without  the prior  written  consent  of MCC.  Without  limiting  the
preceding  sentence,  in no event shall any  obligation  directly or  indirectly
incurred by or on behalf of the  Company or any other  person or entity for fees
or expenses payable to any other party (including, without limitation, any other
advisor or consultant)  reduce,  impair or otherwise  affect the fees payable to
MCC hereunder.

15. NOTICE.

All notices  and other  written  communications  required to be given under this
Agreement  shall be in  writing  and shall be deemed to have been duly  given if
delivered to the addressee in person or mailed by registered or certified  mail,
return receipt requested, to the following addresses:

     If to MCM                 Rudy R. Miller
                               Chairman, President and CEO
                               Miller Capital Corporation
                               4909 East McDowell Road
                               Phoenix, Arizona 85008-4293

     If to the Company:        Rick Kozuback
                               President and CEO
                               Global Entertainment Corporation
                               4909 East McDowell Road
                               Suite 104
                               Phoenix, Arizona 85008-4293

Either  party may change the address at which notice is to be given by notifying
the other party in writing.  Notices shall be deemed delivered upon delivery, if
personally delivered,  or, if mailed, three (3) days after deposit in the United
States mail.
<PAGE>
Global Entertainment Corporation
December 14, 2007
Page 5

16. APPLICABLE LAW.

The validity and  interpretation of this Agreement shall be governed by the laws
of the State of Arizona,  without giving effect to the State of Arizona's choice
of law  principles,  and all actions arising under this Agreement or arising out
of the  operative  facts  represented  by  services  performed  pursuant to this
Agreement shall be resolved in the courts of the State of Arizona.

AGREED AND ACCEPTED:

     Please  confirm  that  the  foregoing   correctly  sets  forth  our  mutual
understanding  by signing and returning the copy of this Agreement  provided for
that purpose.

Global Entertainment Corporation            Miller Capital Corporation
Rick Kozuback                               Rudy R. Miller

By: /s/ Rick Kozuback                       By: /s/ Rudy R. Miller
   ----------------------------------           --------------------------------

Title: President and CEO                    Title: Chairman, President and CEO
      -------------------------------             ------------------------------

Date:  December 14, 2007                    Date: December 14, 2007
      -------------------------------            -------------------------------
<PAGE>
                                    EXHIBIT A

     In connection with the engagement, the Company agrees to indemnify and hold
harmless  MCC  and  its  affiliates,   their  respective  directors,   officers,
controlling  persons  , if any,  agents  and  employees  of MCC or any of  MCC's
affiliates   (collectively,   "Indemnified   Persons"   and   individually,   an
"Indemnified  Person")  from and against  any and all  actions,  claims,  suits,
proceedings,  liabilities,  losses,  damages  and  expenses  incurred,  joint or
several (collectively, "Claims"), by any Indemnified Person which are related to
or arise from MCC's  engagement by the Company,  including Claims that relate to
or arise from any actions taken or omitted to be taken  (including any untrue or
alleged  untrue  statements  made or any  statements  omitted  or  alleged to be
omitted) by the Company or which relate to or arise from  securities laws or any
other law or legal  theory,  and will  reimburse  MCC and any other  Indemnified
Person for all costs and  expenses,  as they are incurred,  in  connection  with
investigating,  preparing  for,  providing  depositions  for,  testifying  in or
defending any such action or claim, formal or informal,  investigation,  inquiry
or other  proceeding,  whether or not in  connection  with pending or threatened
litigation,  whether  or not MCC or any  Indemnified  Person is named as a party
thereto and whether or not any liability results therefrom related to or arising
from the foregoing  (collectively,  "Costs").  The Company will not, however, be
responsible  for (a) any  amount  paid  in  settlement  of  Claims  without  the
Company's  consent  unless such  consent is  unreasonably  withheld,  or (b) any
Claims which are found in a final judgment by a court of competent  jurisdiction
(not subject to further appeal) to have resulted  directly and primarily from an
Indemnified Person's gross negligence or willful misconduct.

     Promptly  after MCC receives  notice of the  commencement  of any action or
other proceeding in respect of which  indemnification  or  reimbursement  may be
sought  hereunder,  MCC will notify the Company thereof;  but the omission so to
notify the Company shall not relieve the Company from any  obligation  hereunder
unless,  and only to the extent that,  such  omission  results in the  Company's
forfeiture  of  substantive  rights  or  defenses.  If any such  action or other
proceeding shall be brought against any Indemnified  Person,  the Company shall,
upon written  notice given  reasonably  promptly  following  MCC's notice to the
Company of such action or proceeding,  be entitled to assume the defense thereof
at the  Company's  expense  with  counsel  chosen by the Company and  reasonably
satisfactory to such Indemnified Person; provided, however, that any Indemnified
Person may at its own expense  retain  separate  counsel to  participate in such
defense.  Notwithstanding the foregoing,  such Indemnified Person shall have the
right to employ separate counsel at the Company's expense and to control its own
defense of such action or proceeding  if, in the  reasonable  opinion of counsel
retained by the  Company,  (i) there are or may be legal  defenses  available to
such Indemnified Person or to other Indemnified  Persons that are different from
or  additional  to those  available  to the  Company,  or (ii) a  difference  of
position or potential difference of position exists between the Company and such
Indemnified Person;  which in either case would make it ethically  impermissible
for such counsel to represent all potential defendants;  provided, however, that
in no event shall the Company be  required to pay fees and  expenses  under this
indemnity for more than one firm of attorneys (in addition to local  counsel) in
any  jurisdiction  in any one legal  action or group of related  legal  actions,
regardless of the number of Indemnified Persons involved or potentially involved
in such action or group of related actions.

     The Company agrees that neither MCC nor any other Indemnified  Person shall
have any  liability  to the Company for or in  connection  with such  engagement
except  liability  for Claims which are found in a final  judgment by a court of
competent jurisdiction (not subject to further appeal) to have resulted directly
and  primarily  from  an  Indemnified   Person's  gross  negligence  or  willful
misconduct. The Company also agrees that the Company will not, without the prior
written  consent  of MCC,  settle or  compromise  or consent to the entry of any
judgment in any pending or threatened Claim in respect of which  indemnification
may be sought  hereunder  (whether  or not MCC or any  Indemnified  Person is an
actual or potential  party to such Claim).  No such  settlement,  compromise  or
consent  shall impose any material  obligation  on MCC or any other  Indemnified
Person  or  contain  any  admission  of  culpability  on the  part of MCC or any
Indemnified  Person.  Such  settlement,  compromise  or consent shall include an
unconditional  release  of MCC  and  each  other  Indemnified  Person  from  all
liability  arising out of such Claim,  and the Company  shall furnish MCC with a
copy of such settlement reasonably in advance of entering into such settlement.

     In order to provide for just and  equitable  contribution,  if a demand for
indemnification  or reimbursement  for Claims or Costs is made pursuant to these
provisions  but is not  available for any reason,  then the Company,  on the one
hand, and MCC, on the other hand,  shall  contribute to such Claims or Costs for
which  such  indemnification  or  reimbursement  is  held  unavailable  in  such
proportion as is appropriate to reflect the relative benefits to the Company, on
the one hand, and MCC on the other hand, in connection  with the  transaction or
transactions  from which the Claims or Costs in  question  arose.  The  relative
<PAGE>
benefits  received  by the  Company,  on the one hand,  and by MCC, on the other
hand,  shall  be  deemed  to be in the  same  proportion  as the  value  (before
deducting  expenses) of the consideration  paid by or received by the Company or
its stockholders or comparable  equity owners, as the case may be, in connection
with the transaction or transactions  from which the Claims or Costs in question
arose bears to the total fees actually received by MCC in connection  therewith.
If the  allocation  provided  by the  foregoing  sentence  is not  permitted  by
applicable  law, then such  allocation  shall be based not only on such relative
benefits  determined as aforesaid but also on the relative fault of the Company,
on the one hand, and MCC, on the other, as well as any other relevant  equitable
considerations.  The  relative  fault  of the  parties  shall be  determined  by
reference  to, among other things,  the parties'  relative  intents,  knowledge,
access to information  and, if applicable,  whether any untrue or alleged untrue
statement  of a material  fact or the  omission  or alleged  omission to state a
material fact relates to information  supplied by the Company or by MCC, and any
other  equitable  considerations  appropriate  in the  circumstances.  Any  such
contribution  shall  be  subject  to the  limitation  that  in any  event  MCC's
aggregate  contribution  to all  Claims  or  Costs  for  which  contribution  is
available hereunder shall not exceed the amount of fees actually received by MCC
pursuant  to  the  particular   engagement   relating  to  the   transaction  or
transactions from which the Claims or Costs in question arose.

     The foregoing rights to indemnity,  reimbursement and contribution shall be
in addition to any rights that MCC and/or any other Indemnified  Person may have
at  common  law  or  otherwise.   The  Company   hereby   consents  to  personal
jurisdiction, service of process and venue in any court in which any Claim which
is subject hereto is brought against MCC or any other Indemnified Person.

     In connection with MCC's engagement of even date herewith,  MCC may also be
engaged to act for the Company in one or more additional  capacities.  The terms
of  any  such  engagement  may be  embodied  in one  or  more  separate  written
agreements.  These  indemnification  provisions shall apply to the engagement of
even date herewith, all such other engagements (whether written or oral) and any
modification  thereof and shall  remain in full force and effect  following  the
completion or termination of any such engagement.Exhibit 10.12

                    WESTERN PROFESSIONAL HOCKEY LEAGUE, INC.

                                LICENSE AGREEMENT

                         -------------------------------
                                     (Owner)

                         -------------------------------
                                   (Home City)
<PAGE>
                 WPHLI LICENSE AGREEMENT

                    TABLE OF CONTENTS

1. DEFINITIONS..............................................................   1

     1.1. System............................................................   1

     1.2. Governing Documents...............................................   1

     1.3. Marks.............................................................   1

2. GRANT, PROTECTED TERRITORY, TERM.........................................   1

     2.1. Grant.............................................................   1

     2.2. Protected Territory...............................................   1

     2.3. Term..............................................................   2

3. WPHLI's OBLIGATIONS......................................................   2

     3.1. Pre-Operational Obligations.......................................   2

          3.1.1. System License.............................................   2

          3.1.2. Governing Documents........................................   2

          3.1.3. Arena Contract Assistance..................................   2

          3.1.4. System Products............................................   3

          3.1.5. Training Manual............................................   3

          3.1.6. Recruitment................................................   3

          3.1.7. Initial Training...........................................   3

          3.1.8. Uniforms...................................................   4

          3.1.9. On-Site Pre-Opening Assistance.............................   4

     3.2. Post-Operational Obligations......................................   4

          3.2.1.  System Benefits...........................................   4

          3.2.2.  Scheduling League Games...................................   4

          3.2.3.  Officiate Games...........................................   4

                                        i
<PAGE>
          3.2.4.  On-Site Opening Assistance................................   4

          3.2.5.  On-Going Consultation.....................................   5

          3.2.6.  Additional Training and Updates...........................   5

          3.2.7.  Standards.................................................   5

          3.2.8.  Board of Governors........................................   5

          3.2.9.  Additional Assistance.....................................   5

          3.2.10. Marketing Assistance......................................   6

          3.2.11. Advertising Associations..................................   6

          3.2.12. Rule Enforcement..........................................   6

          3.2.13. Salary Cap................................................   6

4. HOME ARENA...............................................................   7

     4.1. Home Arena Contract...............................................   7

          4.1.1. [ ] OPTION 1: Pre-Agreed Lease.............................   7

          4.1.2. [ ] OPTION 2: Obtain Own Lease.............................   7

     4.2. Home Arena Operation..............................................   8

     4.3. Change of Home Arena..............................................   8

5. OWNER'S OBLIGATIONS......................................................   9

     5.1. Team Operation....................................................   9

     5.2. Personnel.........................................................   9

          5.2.1. Personnel Generally........................................   9

          5.2.2. Management Personnel.......................................   9

          5.2.3. Players....................................................  10

     5.3. Training..........................................................  10

     5.4. Minimum Ticket Sales..............................................  11

     5.5. Best Efforts......................................................  11

                                       ii
<PAGE>
6. LEAGUE MANAGEMENT........................................................  12

     6.1. Board of Governors................................................  12

     6.2. Membership........................................................  12

     6.3. Powers of the Board of Governors..................................  12

          6.3.1. Schedule...................................................  12

          6.3.2. League Rules...............................................  12

          6.3.3. Playoffs...................................................  12

          6.3.4. Player's Contract..........................................  12

          6.3.5. Advertising Fund...........................................  12

          6.3.6. Marketing..................................................  13

          6.3.7. Administration.............................................  13

          6.4. Attendance...................................................  13

7. OWNER'S PAYMENTS.........................................................  13

     7.1. Initial Fee.......................................................  13

     7.2. Assessment Fee....................................................  13

     7.3. Letter of Credit..................................................  14

     7.4. Training and Assistance...........................................  14

     7.5. Advertising.......................................................  15

          7.5.1. Local Advertising..........................................  15

          7.5.2. Advertising Associations...................................  15

          7.5.3. Advertising Fund...........................................  15

     7.6. Transfer Fee......................................................  16

     7.7. Revenue...........................................................  16

     7.8. Payment Terms.....................................................  17

                                      iii
<PAGE>
8. RESTRICTIONS.............................................................  17

     8.1. Business..........................................................  17

     8.2. Standards.........................................................  18

     8.3. Supplies..........................................................  19

     8.4. Finances and Records..............................................  19

          8.4.1. Finances...................................................  19

          8.4.2. Reporting..................................................  20

          8.4.3. Records....................................................  20

          8.4.4. Computer...................................................  21

     8.5. Ethical Conduct...................................................  21

     8.6. Use of Goodwill...................................................  22

          8.6.1. Advertising................................................  22

          8.6.2. Media Rights...............................................  22

          8.6.3. Merchandizing..............................................  23

          8.6.4. Marketing..................................................  23

          8.6.5. Enforcement................................................  24

9. RELATIONSHIP.............................................................  24

     9.1. Independent Business..............................................  24

     9.2. Proprietary Information...........................................  25

     9.3. Business Restrictions.............................................  26

     9.4. Intellectual Property.............................................  27

10. RENEWAL, TRANSFER AND TERMINATION.......................................  27

     10.1. Pre-Opening Cancellation.........................................  27

     10.2. Renewal..........................................................  27

     10.3. Owner's Company..................................................  28

                                       iv
<PAGE>
          10.3.1. Incorporation.............................................  28

          10.3.2. Transfer..................................................  28

          10.3.3. Conditions of Transfer....................................  29

          10.3.4. Death or Incapacity.......................................  30

          10.3.5. Offerings By Owner........................................  30

          10.3.6. Encumbrances..............................................  30

     10.4. Breach...........................................................  31

          10.4.1. Thirty-Day Cure...........................................  31

          10.4.2. Ten-Day Cure of Breaches..................................  31

          10.4.3. Exceptional Breaches......................................  31

     10.5. Post-Agreement Duties............................................  31

          10.5.1. Generally.................................................  32

          10.5.2. Team Assets...............................................  32

          10.5.3. Telephone and Internet....................................  33

          10.5.4. Trademark Discontinuance..................................  34

     10.6. Business Continuation............................................  34

     10.7. Insolvency.......................................................  36

11. OTHER TERMS.............................................................  36

     11.1. Insurance........................................................  36

     11.2. Warranties.......................................................  37

     11.3. Location Responsibility..........................................  37

     11.4. Claims...........................................................  38

          11.4.1. Third Party Claims........................................  38

          11.4.2. Officiating Claims........................................  39

          11.4.3. Owner's Claims............................................  39

                                       v
<PAGE>
          11.4.4. Dispute Resolution........................................  40

     11.5. Purchase Orders..................................................  41

     11.6. Inflation Adjustment.............................................  42

     11.7. Accord and Satisfaction..........................................  42

     11.8. Representations..................................................  42

     11.9. Substitute Performance...........................................  43

     11.10. Authority and Guaranty..........................................  43

     11.11. Changes and Variances...........................................  44

     11.12. Consent to Joint Operating Agreement............................  44

12. INTERPRETATION..........................................................  45

     12.1. Entire Agreement.................................................  45

     12.2. Waivers..........................................................  45

     12.3. Materiality......................................................  46

     12.4. Survivability....................................................  46

     12.5. Governing Law....................................................  46

     12.6. Consumer Rights Waiver...........................................  47

     12.7. Construction.....................................................  47

     12.8. Savings Clause...................................................  48

     12.9. Third Parties....................................................  48

     12.10. Other Agreements................................................  49

     12.11. Notices.........................................................  50

     12.12. Submission of Agreement.........................................  50

13. ACKNOWLEDGEMENTS........................................................  50

     13.1. Documents Received...............................................  50

     13.2. Final Representations............................................  50

                                       vi
<PAGE>
EXHIBITS

OWNER'S SPECIFIC TERMS......................................................   A
STATEMENT OF OWNERSHIP......................................................   B

                                      vii
<PAGE>
     This Agreement  between Western  Professional  Hockey League,  Inc.,  D/B/A
Central Hockey League, a Texas  corporation,  ("WPHLI") and the Owner identified
herein is effective when accepted by WPHLI as stated herein.

The parties agree as follows:

1. DEFINITIONS

     Capitalized  terms  in  this  Agreement  have  the  meaning  given  in this
Agreement  and no other  meaning.  Some are  defined  below.  Others are defined
elsewhere where they appear within quotation marks.

     1.1. SYSTEM. WPHLI's standard concepts,  methods, and limitations which are
licensed to WPHLI League owners generally  concerning  establishment,  operation
and  expansion of WPHLI's  professional  ice hockey league (the  "League").  The
System  includes  but  is  not  limited  to  WPHLI's  standard   procedures  for
organization  and  management  of  licensed  teams,  supervision,  training  and
management  of players,  advertising  and  marketing to promote  interest in the
League and ice hockey and use of such of WPHLI's  Marks,  Products,  Proprietary
Information,  Governing  Documents,  and WPHLI's standard methods,  sources, and
materials for scheduling,  advertising,  supplying,  operating,  marketing,  and
selling that WPHLI provides to League owners  generally  together and such other
benefits  and  assistance  that  WPHLI  agrees in  writing  from time to time to
provide  Owner;  all subject to the terms of this  Agreement  and the  Governing
Documents.

     1.2. GOVERNING DOCUMENTS.  The System's Constitution,  Bylaws, LEX SCRIPTA.
Governing Documents,  and other uniform documents developed and revised by WPHLI
from time to time in its sole  discretion,  delivered singly or as a collection,
setting  requirements,   standards,   rules  and  procedures  for  establishing,
equipping, staffing, operating,  marketing,  supplying,  training,  advertising,
scheduling, and other matters relating to the System and its affiliated teams.

     1.3. MARKS. The System's  trademarks,  service marks,  trade names,  domain
names,  symbols,  trade dress, logos,  slogans,  indicia,  interior and exterior
signs  and  furnishings,  layouts,  colors,  personalities,  publicly  displayed
copyrighted  works, and any items symbolizing the System's public good will. The
Marks are defined further herein.

2. GRANT, PROTECTED TERRITORY, TERM.

     2.1. GRANT. WPHLI grants Owner a limited  non-exclusive  license to use the
System to  establish  and operate one WPHLI team  (Owner's  "Team")  named "Team
Name" based at or near  Owner's  "Home  City,"  having its  principal  operating
location  at the "Home  Arena" ice arena in Owner's  "Protected  Territory,"  to
represent  Owner's Team to the public as an authorized  WPHLI team,  and to have
Owner's Team play in League games with other League teams as scheduled by WPHLI,
the first game to be upon "Season Opening Day," all as defined in Exhibit A, and
on the terms stated in this Agreement. Owner accepts this Agreement. Owner shall
establish and operate Owner's Team and Home Arena on the terms stated herein.

     2.2.  PROTECTED  TERRITORY.  WPHLI will not locate or  authorize  any other
party to locate a WPHLI System home ice hockey arena  within  Owner's  Protected
Territory as long as Owner is in full compliance  with this  Agreement.  Owner's

                                       1
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>

"Protected  Territory" is the geographic  area  designated in Exhibit A. Owner's
Team shall not engage in hockey games within another owner's protected territory
except for  scheduled  games or with  WPHLI's  written  consent.  The  Protected
Territory is not an exclusive marketing area. Owner may market and solicit sales
from Owner's Home Arena to anywhere  within the USA subject to the terms of this
Agreement.  WPHLI,  other System  owners,  arenas,  or businesses  may market or
solicit  sales in the  Protected  Territory  for teams  based at arenas  located
outside of the Protected  Territory;  and, customers in the Protected  Territory
may choose to purchase from such others.  As non-limiting  examples,  if Owner's
Protected  Territory is defined to be a twenty-five mile radius from the Owner's
Home Arena's main  entrance,  then another  League  team's arena may be lawfully
located anywhere as long as the other League team's arena's main entrance is not
within a  twenty-file  mile radius of Owner's Home Arena's  main  entrance,  and
other League teams may lawfully sell or market  tickets,  goods or services,  or
the like,  in Owner's  Protected  Territory as long as the other  League  teams'
arenas are not located within Owner's Protected Territory.

     2.3.  TERM. The duration of this  Agreement's  "Initial Term" is ten years.
This  Agreement is effective and its Initial Term  commences upon this Agreement
being accepted in writing as required herein by WPHLI.  Unless sooner terminated
as herein  provided,  the Initial Term  continues  through the first day of June
immediately  following  the tenth  season of League  play after  this  Agreement
becomes  effective.  Subject to the renewal  conditions and terms stated herein,
this  Agreement's  Renewal  Term  commences  the first  day of June  immediately
following  the tenth  season of League play and,  unless  sooner  terminated  as
herein provided,  continues through the first day of June immediately  following
the Renewal  Term's  tenth season of League play. A season of League play passes
regardless  of whether or not Owner's  Team  participates  in League play unless
WPHLI, in WPHLI's  discretion,  provides a written waiver to Owner  specifically
extending the applicable term.

3. WPHLI'S OBLIGATIONS

     3.1.  PRE-OPERATIONAL   OBLIGATIONS.   WPHLI  will  provide  the  following
assistance to Owner on or before Season Opening Day.

          3.1.1. SYSTEM LICENSE. WPHLI grants Owner a limited license to use the
System to  establish  and  operate  Owner's  Team at  Owner's  Home Arena and to
represent  Owner's Team to the public as an  authorized  WPHLI team on the terms
stated in this Agreement.

          3.1.2.  GOVERNING  DOCUMENTS.  WPHLI  will  loan  Owner  the  System's
Governing  Documents  for  establishing  a standard  System  team and  managing,
marketing  and operating a standard  System team at a standard  System arena and
competing with other League teams. WPHLI will update same as WPHLI deems useful.
Any  documents  or  items  to  be  provided  by  WPHLI  which  can  be  provided
electronically to Owner, at WPHLI's election, may be provided  electronically by
WPHLI to Owner. As a non-limiting  example,  WPHLI's providing Owner with access
to a  password-protected  League  internet  site  for  League  owners  comprises
delivery to Owner of such documents that are available there.

          3.1.3. ARENA CONTRACT ASSISTANCE. Unless Owner has already obtained an
Arena Contract or WPHLI or a WPHLI  Affiliated  Entity (see 12.9) is involved in
offering same to Owner, WPHLI will make advisory  assistance  available to Owner

                                       2
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
concerning  Owner's  lease  negotiations  for Owner's  Arena  Contract.  WPHLI's
advisory  assistance in this regard consists of general guidance  concerning the
System's  standards  for arenas and arena lease terms  generally  and may not be
relied  on by Owner for  Owner's  specific  decisions.  Owner's  negotiation  of
Owner's  Arena  Contract,  subject to the  parameters  and terms stated  herein,
including without limitation, Part 4.1, is solely Owner's responsibility.

          3.1.4. SYSTEM PRODUCTS. WPHLI will loan Owner a sample list of vendors
and  Products  approved for use with the System and identify at least one source
capable of providing  such Products to Owner.  The System's  "Products"  are the
System's equipment, supplies, goods, uniforms, signs, forms, documents, computer
hardware, software,  communications and related items specified in the Governing
Documents,  together with such  modifications and items WPHLI adds to the System
by  amending  the  Governing  Documents.  WPHLI  will loan  Owner a sample  list
specifying  Products  available to System owners  generally from WPHLI,  if any.
WPHLI will offer Owner such  Products  as WPHLI  offers to other  System  owners
generally  subject  to  availability,  scheduling,  agreement  on  payment,  and
provided  Owner is not in any default  with WPHLI.  WPHLI may pool  purchases of
certain goods or services by WPHLI owners from one or more designated  suppliers
("Supplier Pool")

          3.1.5. TRAINING MANUAL. WPHLI will loan Owner one copy of the System's
Training  Manual for use during  initial  training  and in ongoing  training and
operation of Owner's  Team.  The Training  Manual may be an integral part of the
Governing Documents.

          3.1.6.  RECRUITMENT.  WPHLI will make available advisory assistance to
Owner in recruitment of Players (a professional hockey player employed by a team
participating  in League  games) and  non-player  personnel  for  Owner's  Team.
WPHLI's  advisory   assistance  is  general  guidance  concerning  the  System's
standards for Player and  non-player  recruitment  and may not be relied upon by
Owner for Owner's  specific  personnel  decisions.  WPHLI does not hire  Owner's
employees for Owner.  Owner will acquire  Players for Owner's Team in accordance
with WPHLI's Player Recruitment policies as set out in the Governing Documents.

          3.1.7.  INITIAL  TRAINING.  WPHLI shall  furnish  initial  training to
Owner's initial Management  Personnel employed by Owner for operation of Owner's
Team (up to six persons),  namely, a single training session  comprised of a two
day initial basic training program in English concerning establishing a standard
System  team at a  standard  System  arena  in  accordance  with  the  Governing
Documents and  managing,  marketing,  and operating a standard  System team at a
standard  arena in  accordance  with the  Governing  Documents.  The cost of the
instructional and training materials used in the initial training is included in
the Initial  Fee.  WPHLI will not provide  wages or employee  benefits to anyone
during any training period. All expenses incurred by trainees in connection with
and during any training,  including without limitation,  transportation,  living
expenses,  meals,  lodging,  wages,  employment  benefits,  etc.  (collectively,
"Personal Expenses"),  shall be at Owner's sole expense. Each of Owner's initial
trainees must  complete  training to the  satisfaction  of WPHLI prior to Season
Opening Day,  unless  waived in writing by WPHLI in its sole  discretion  in any
particular  case. The initial  training  program for Owner's initial  Management
Personnel  will be at  WPHLI's  headquarters  or  locations  selected  by WPHLI.
Training in use of the System  includes  loaning Owner a System  Training Manual
and the  Governing  Documents  and  providing  the  System's  standard  guidance
concerning the System's  standards for  recruiting  Players,  scheduling  games,
customer  relations,  sales,  advertising,   equipment,   quality  control,  and
franchise   operations.   Training  requires  full-time  attendance  of  Owner's
Management  Personnel for approximately eight hours per day as described in more

                                       3
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
detail in the Governing Documents. Upon Owner's written request, WPHLI will make
additional  initial  training  available  to Owner as  WPHLI  deems  appropriate
subject to scheduling and terms set forth elsewhere herein.

          3.1.8. UNIFORMS. WPHLI will loan Owner a set of WPHLI's specifications
for  uniforms for Owner's  players and  identify at least one source  capable of
providing such uniforms to Owner.  Owner shall design  Owner's  Team's  uniforms
within WPHLI's specifications and subject to WPHLI's approval.

          3.1.9. ON-SITE PRE-OPENING ASSISTANCE.  WPHLI will provide pre-opening
assistance to Owner by providing a WPHLI advisor at Owner's Home Arena, prior to
or during Owner's Season Opening Day to offer general advice concerning opening,
managing,  marketing and operating a standard System team at a standard arena in
accordance  with  the  System's  standards.  The  advisor's  responsibility  and
authority is limited to giving general guidance to Owner concerning the System's
standards. Owner has sole and exclusive authority and responsibility to instruct
Owner's employees and sole  responsibility for Owner's Team and operations.  The
cumulative  number of days that a WPHLI's  advisor must be at Owner's Home Arena
to provide on-site opening assistance and start-up consultation pursuant to this
Agreement is two days, sequential or not, prior to Season Opening Day, the dates
of attendance being selected by WPHLI. At Owner's  request,  WPHLI and Owner may
offer additional initial on-site consultation as WPHLI deems appropriate subject
to scheduling and terms set forth elsewhere herein.

     3.2.  POST-OPERATIONAL  OBLIGATIONS.   WPHLI  will  provide  the  following
assistance to Owner on or after Season Opening Day.

          3.2.1.  SYSTEM  BENEFITS.  WPHLI  will  make  available  to Owner  the
System's methods of standardizing  operations of League teams generally pursuant
to the System, loan Owner the System's Governing  Documents,  deliver amendments
to same to Owner,  and  identify to Owner  qualified  sources of  equipment  and
supplies  to operate a standard  System team at a standard  arena,  all as WPHLI
makes same available to League owners generally.

          3.2.2.  SCHEDULING LEAGUE GAMES.  WPHLI will coordinate  scheduling of
games between  Owner's Team and other League teams,  pursuant to the  procedures
for scheduling stated in the Governing Documents.

          3.2.3.  OFFICIATE  GAMES.  WPHLI shall  provide  League  officials  to
officiate at scheduled  regular season League games of Owner's Team as specified
in the Governing Documents at WPHLI's cost. WPHLI shall provide League officials
to officiate at scheduled preseason,  post-season and all other scheduled League
games which are not regular  season  games,  at Owner's  cost.  Any  increase in
WPHLI's cost of providing  officials  from the effective  date of this Agreement
forward  shall be  reimbursed  to WPHLI by League  owners on a pro rata basis as
determined by the Governing Documents.

          3.2.4.   ON-SITE  OPENING  ASSISTANCE.   WPHLI  will  provide  on-site
assistance to Owner by providing a WPHLI advisor at Owner's Home Arena during or
shortly after Owner's  Team's first regular season game at Owners' Home Arena to
offer general guidance  concerning the System's standards with respect to player
recruitment,  scheduling,  opening, managing, marketing and operating a standard
team at a  standard  arena  in  accordance  with  the  System's  standards.  The

                                       4
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
cumulative  number of days that a WPHLI's  advisor will be at Owner's Home Arena
to provide on-site  assistance,  and consultation  pursuant to this Agreement is
two days,  sequential or not,  during Owner's Team's first season,  the dates of
attendance being selected by WPHLI.

          3.2.5.  ON-GOING  CONSULTATION.  The first three months after  Owner's
initial  season's  Season  Opening  Day,  WPHLI will be  available to speak with
Owner's  Management  Personnel by telephone once each week at reasonably  agreed
times to discuss Owner's operational  opportunities and challenges.  Thereafter,
representatives at WPHLI's  headquarters will be reasonably available to Owner's
Management  Personnel  during  WPHLI's  normal  business  hours  for  telephonic
consultation  and guidance with respect to operation  and  management of Owner's
Team by Owner's  Management  Personnel  in  accordance  with  System  standards.
WPHLI's  advisory   assistance  is  general  guidance  concerning  the  System's
standards and may not be relied upon by Owner for Owner's specific decisions. At
Owner's request,  WPHLI and Owner may schedule additional on-site assistance and
consultation  as WPHLI deems  appropriate  subject to  scheduling  and terms set
forth elsewhere herein.

          3.2.6. ADDITIONAL TRAINING AND UPDATES. WPHLI's current practice is to
have a summer conference each year for the purpose of getting League team owners
and  management  together with WPHLI's  management to develop plans for the next
season.  WPHLI  may,  in its  discretion,  hold  conferences  to  discuss  sales
techniques,  personnel  training,  bookkeeping,  inventory control,  performance
standards,  advertising and merchandising procedures, and other matters relevant
to the System.  WPHLI will make such  seminars and  additional  instruction  and
training  available to Owner and Owner's  Management  Personnel that WPHLI makes
available  to System  owners  generally  and provide  Owner with  updates to the
Governing  Documents  as WPHLI makes such  updates  available  to System  owners
generally.  Such seminars and  additional  training may either be via conference
call, at WPHLI's  Headquarters  city, another System arena, or other location as
may be  scheduled  and  designated  by WPHLI.  WPHLI does not  currently  charge
conference attendance fees, but reserves the right to do so in the future. Owner
is solely  responsible for the Personal  Expenses of Owner and Owner's staff and
all other costs in connection with same.

          3.2.7.  STANDARDS.  WPHLI will make reasonable efforts to maintain the
System's  standards  by  conducting  inspections  of Owner's Team as WPHLI deems
useful,  revising the System as WPHLI deems  advisable  and  notifying  Owner of
updates and  changes in the  Governing  Documents  and the System as WPHLI makes
same available to System owners generally. WPHLI will receive and review Owner's
suggestions for improvement of the System.

          3.2.8.  BOARD OF GOVERNORS.  WPHLI shall  schedule and  coordinate the
League's  Board of  Governor's  meetings  and the League's  owner's  meetings as
stated in the Governing Documents.  Owner is solely responsible for the Personal
Expenses of Owner and Owner's staff,  and such charges and fees as are uniformly
set for attending teams in the Governing Documents.

          3.2.9.  ADDITIONAL  ASSISTANCE.  WPHLI will be reasonably available to
provide Owner additional guidance concerning the System's standards as set forth
in the  Governing  Documents  on a  reasonable  request  basis  or  when  deemed
necessary by WPHLI. Assistance may be in person,  telephonic,  or by publication
as WPHLI deems  appropriate.  If requested by Owner,  and if WPHLI personnel are
available,  WPHLI, at its option, may provide a WPHLI  representative at Owner's

                                       5
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
business to provide  additional  training or guidance  concerning  the  System's
standards upon WPHLI's then current standard fees and expenses and terms.

          3.2.10. MARKETING ASSISTANCE.  WPHLI shall furnish Owner with advisory
promotional  guidance concerning promoting Owner's Team's initial Season Opening
Day  in  accordance  with  the  System's  standards.  WPHLI  will  be  available
thereafter  on a  reasonable  basis  to  provide  ongoing  advisory  promotional
guidance to the Owner in  accordance  with the  System's  standards.  WPHLI will
permit Owner to use WPHLI's  League logos and marketing  procedures as stated in
the  Governing  Documents.  If WPHLI  elects to make  System  stock  advertising
materials available to System owners generally, then WPHLI shall provide same to
Owner,  WPHLI will review proposed  advertising  copy sent by Owner to WPHLI and
inform Owner of the marketing  concepts  WPHLI makes  available to System owners
generally.  WPHLI may create an  advertising  fund (the  "Advertising  Fund") to
promote the  interests  of the League and to assist with  marketing  the League.
Materials  provided  by the  Advertising  Fund  to  System  owners  may  include
marketing materials, advertisements, videotapes, etc., any specific such efforts
being in WPHLI's  discretion If an Advertising Fund is created and it funds such
efforts, Owner will receive one sample of each System-wide distributed marketing
piece  or  advertising   material  at  no  charge  beyond  Owner's   Advertising
Contributions to the Advertising  Fund. WPHLI does not represent or promise that
an Advertising Fund will be created or be useful to Owner. Owner may develop and
place advertising  materials for Owner's own use, at Owner's own cost as long as
same are within the System's standards.

          3.2.11.  ADVERTISING  ASSOCIATIONS.  WPHLI may  implement  advertising
associations as WPHLI deems useful to combine the advertising  efforts of System
owners, such as common marketing and  advertisements,  use of common advertising
agencies, coordination of ad placement, etc., any specific such efforts being in
WPHLI's discretion.  Establishment of any advertising association depends on the
existence and cooperation of other appropriate  teams.  WPHLI does not represent
or promise that any cooperative  advertising  associations or efforts will occur
or be useful to Owner,  in part because same are dependent on the cooperation of
others.

          3.2.12.  RULE  ENFORCEMENT.  Owner  delegates  to WPHLI  the  power to
enforce the League's Rules,  decide disputes between League owners and to be the
final  decision-maker  with regard to such disputes.  WPHLI has the authority to
reprimand and/or fine any owner, owner's employee or Player for violation of the
League's Rules or Governing Documents.

          3.2.13.   SALARY  CAP.  WPHLI  currently  has  an  annual  salary  cap
applicable  to all League  teams.  Because  the laws of  affected  jurisdictions
concerning  salary  caps are  complex  and  changing,  WPHLI does not promise or
represent  that a salary cap will be  maintained or what its terms will be, only
that WPHLI currently  intends to maintain and pursue same. WPHLI will review the
salary cap annually and  establish  rules and  procedures  within the  Governing
Documents  regarding free agency  trading,  sales and trades of Players  between
teams,  rules and exceptions to same, in WPHLI's  discretion are deemed by WPHLI
likely to maintain  competitive  balance  among League  Teams.  WPHLI  expressly
disclaims any representation that any or all teams will be competitive.

                                       6
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
4. HOME ARENA.

     4.1. HOME ARENA CONTRACT.  Owner is entitled and obligated to obtain use of
the one Home Arena at the  address  stated in  Exhibit A and at no other  place,
subject  to  relocation  as  provided  herein.  Owner  hereby  elects one of the
following options:

          4.1.1.  [ ] OPTION 1:  PRE-AGREED  LEASE.  Owner has obtained an Arena
Contract  and  WPHLI  hereby  approves  same or WPHLI is  itself  involved  with
offering same to Owner.

          4.1.2.  [ ] OPTION 2:  OBTAIN  OWN  LEASE.  Owner is  responsible  for
entering an approved Arena Contract within the time period stated herein.

          4.1.2.1.  Owner  will  enter  into a  lease,  sub-lease,  license,  or
purchase  agreement  for the Home Arena (the  "Arena  Contract")  providing  for
Owner's occupancy of the Home Arena sufficiently prior to Season Opening Day for
Owner to fulfill  all of Owner's  obligations  under this  Agreement.  The Arena
Contract  must be acceptable to WPHLI and may only be entered into by Owner with
WPHLI's prior written  approval.  OWNER IS CAUTIONED AGAINST ENTERING INTO ARENA
CONTRACTS WHICH ARE NOT EXPRESSLY CONTINGENT ON WPHLI'S APPROVAL. A condition of
Arena  Contract   approval  is  Owner's   delivery  to  WPHLI  of  the  System's
then-current  Lease  Rider  fully  executed  by the lessor and Owner.  The Arena
Contract shall have an initial term and renewal terms which are collectively not
less than this  Agreement's  initial  term and  renewal  term  unless  otherwise
approved in writing by WPHLI in WPHLI's sole discretion. If an independent legal
review is deemed necessary by WPHLI, Owner shall pay all legal fees and expenses
incurred  by WPHLI  and  Owner  in  connection  with  review,  negotiation,  and
execution  of the Arena  Contract and issues  relevant to the same.  Owner shall
never assign or sublet any interest in the Arena Contract,  other than to WPHLI,
without  obtaining  the prior written  consent of WPHLI,  such consent not to be
unreasonably withheld.

          4.1.2.2.  If Owner does not enter an approved Arena  Contract  meeting
WPHLI's  standard  criteria six months prior to the  upcoming  season's  opening
game, WPHLI may elect to terminate this Agreement by notifying Owner of the same
in writing.  Upon Owner accepting such  termination  upon WPHLI's form for same,
WPHLI  will  refund  one-half  of  the  Initial  Fee  to  Owner,   less  WPHLI's
out-of-pocket expenses and standard fees (including,  without limitation,  Arena
location and lease  negotiation  efforts,  training,  etc.  incurred due to this
relationship).  WPHLI is not  required to refund any money until Owner  executes
WPHLI's  acceptance  of  termination  form. If Owner's Home Arena is to be newly
constructed,  or if an  existing  arena  is to  be  substantially  remodeled  to
accommodate Owner's Team, a substantial  investment and effort will be required.
Owner  shall  employ a  qualified  architect  to adapt  the  System's  plans and
specifications  to  the  Home  Arena  and  all  applicable  laws,   regulations,
ordinances,  lease requirements and market conditions,  being especially mindful
of all zoning,  signage,  parking,  access,  health,  environmental  and storage
requirements.  The  architect  must be  submitted  to WPHLI for  approval and be
approved  by WPHLI  before the  architect  is  engaged.  WPHLI's  approval of an
architect  does not  comprise any  representation  concerning  the  architect by
WPHLI.  Owner is solely  responsible  for Owner's  choice of Owner's  architect.
WPHLI may elect to require use of a WPHLI-selected  architect, and, if so, Owner
shall employ the  WPHLI-selected  architect.  Owner will submit Owner's plan for
adapting the System to the Home Arena to WPHLI for prior written  approval,  not
change the same  without  WPHLI's  written  approval,  and certify to WPHLI that
Owner has  obtained  all permits and  permissions  required  for  remodeling  or

                                       7
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
construction and operation.  Owner will submit to WPHLI the information required
by WPHLI concerning Owner's general  contractor.  The general contractor must be
approved  before the  general  contractor  is engaged.  WHPLI's  approval of the
general contractor does not comprise any  representation  concerning the general
contractor  by WPHLI.  Owner will  certify to WPHLI that Owner has  obtained all
permits and permissions required for lawful construction and operation. Owner is
solely  responsible  for  selecting,  supervising  and  paying  for  architects,
contractors,  detailed plans, equipment,  supplies, financing,  fixtures, signs,
working  capital,  and all other aspects of creating and opening the Home Arena.
Owner will return to WPHLI any WPHLI  standard  plans and  specifications  on or
before using the Home Arena for Owner's business operations.

     4.2.  HOME ARENA  OPERATION.  Owner will equip,  staff,  train,  open,  and
operate at Owner's  sole  expense one WPHLI League team at and from Owner's Home
Arena and in Owner's  Protected  Territory and at and from no other place and in
no other  territory  except  pursuant to League games  scheduled by WPHLI, or as
otherwise  approved by WPHLI in advance.  Owner will fully  comply with  Owner's
obligations  under the Arena  Contract,  and not do or omit doing anything which
gives anyone the right to terminate or not renew the Arena Contract prior to the
end of this Agreement's then-current term. Owner will provide the Home Arena for
scheduled  League games as set forth herein and the  Governing  Documents.  This
will include, without limitation,  private team, official, media and WPHLI areas
before,  during,  and  after  games and  appropriate  reserved  seating  for the
visiting team, Media and WPHLI. Owner shall maintain  possession of and make the
Home  Arena  fully  available  for  all  scheduled  League  games   (exhibition,
pre-season,  regular,  or  playoff) as  required  herein.  Failure to do so is a
material  breach  unless the failure is due to the Home Arena  being  materially
damaged or  destroyed  by an act of God,  in which event Owner has the longer of
sixty days or the beginning of the next season to relocate or reconstruct. Owner
will use Owner's Team's facilities solely for operation of Owner's Team.

     4.3.  CHANGE OF HOME ARENA.  If Owner's right to use Owner's Home Arena for
all purposes  required by this  Agreement  is  terminated  or impaired  prior to
termination  of  this  Agreement  for a  reason  other  than a  default  of this
Agreement  or the Arena  Contract by Owner or an entity  under the  direction or
control of Owner,  then Owner shall have the right to relocate  Owner's  Team to
another ice arena within Owner's Protected  Territory.  Owner's relocation right
is subject to Owner  satisfying this  Agreement's  and the Governing  Documents'
requirements  concerning a substitute  ice arena and Arena  Contract,  including
obtaining the prior written  consent of WPHLI,  which shall not be  unreasonably
withheld.  Upon Owner obtaining  WPHLI's consent to the substitute ice arena and
its Arena Contract, Owner shall, at Owner's sole expense,  establish and operate
Owner's Team at the substitute ice arena, which shall thereafter be deemed to be
Owner's Home Arena.  Owner will submit each requested  substitute  site to WPHLI
with a completed proposed Arena Contract, completed standard then current System
Lease Rider, and arena  evaluation  form.  Relocation of the Home Arena does not
change the Protected  Territory's  boundaries  unless WPHLI and Owner  expressly
agree to same.  WPHLI is not liable to Owner for any  expense or loss of revenue
directly  or  indirectly  incurred  by Owner as a result of  termination  of the
original  Arena  Contract  and is subject to  payment  of WPHLI's  then  current
standard relocation fee as provided in the Governing  Documents.  No refunds are
due from WPHLI if a new arena does not timely materialize.

                                       8
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
5. OWNER'S OBLIGATIONS

     5.1. TEAM OPERATION.  Owner will equip,  staff, train, open, and operate at
Owner's sole expense one WPHLI team in  compliance  with this  Agreement and the
Governing  Documents  at and from  Owner's  Home Arena and in Owner's  Protected
Territory and at and from no other place and in no other territory. Prior to the
Season  Opening Day,  Owner will obtain and  thereafter  maintain all  licenses,
permits and inspection  approvals  required by applicable laws and the Governing
Documents  to conduct  business  in the Home  Arena's  jurisdiction  and operate
Owner's  Team at the Home Arena,  and to host League games at the Home Arena and
to compete in away games in accordance  with League game schedules  developed by
WPHLI,  including,  without limitation,  a business license, labor, health, fire
and safety inspections and approvals, and a liquor license, all as acceptable to
WPHLI.  Owner's  Team  will  commence  League  play on the  Season  Opening  Day
specified  in Exhibit A,  unless  same is  rescheduled  by WPHLI and  thereafter
appear  at,  play,  and  complete  all  scheduled   League  games   (exhibition,
pre-season,  regular,  or  playoff)  in the  manner  required  by the  Governing
Documents as scheduled by WPHLI, or as otherwise approved by WPHLI in advance.

     5.2. PERSONNEL

          5.2.1. PERSONNEL GENERALLY.  Owner shall employ a sufficient number of
fully  trained and competent  personnel of good  character,  including,  without
limitation  administrative  personnel,  managers, and clerical staff to properly
perform Owner's obligations. The Governing Documents may require Owner's Team to
have a certain number of personnel actively engaged in certain positions and set
skill and qualification standards for each position. Owner is solely responsible
for the  selection  and  evaluation  of  Owner's  personnel  and may not rely on
WPHLI's  suggestion or approval of such persons.  WPHLI is in no way responsible
for the selection of or the performance, honesty or any other quality of Owner's
personnel.  WPHLI may  require  any of Owner's  personnel  to attend  additional
training and refresher courses from time to time at locations chosen by WPHLI at
Owner's expense.  Owner will cause each of Owner's  employees to become familiar
with those  portions of the Governing  Documents  designated  for the applicable
employee  category  and to comply  fully with  them.  Owner is  responsible  for
Owner's  employees'  compliance with the Governing  Documents.  Without limiting
WPHLI's other remedies,  if any of Owner's employees fail to comply with WPHLI's
Governing Documents' requirements, upon written request of the WPHLI, Owner will
take  corrective  action ranging from the subject  personnel  taking  additional
training to removing the  non-complying  employee  from  League-related  duties.
WPHLI may require any person  associated  with the League to attend  training or
additional  training as a condition of beginning to act or  continuing to act in
any League related activity, if the same is, in WPHLI's discretion,  in the best
interest of the System.  If WPHLI  determines  that any person's act or acts are
inappropriate  for a  person  associated  with  the  League,  WPHLI  may  either
immediately  condition  approval  for the  person  acting in any  League-related
activity on completing or retaking such parts of the System's training or taking
such  corrective  action  that WPHLI  deems  appropriate,  or WPHLI  may,  after
consultation with WPHLI's Board of Governors,  ban the person from acting in any
League-related capacity, including as an equity owner, manager, employee, agent,
or capacity related to the League or Owner, all upon such conditions,  terms and
duration that WPHLI deems appropriate.

          5.2.2.  MANAGEMENT  PERSONNEL.  Owner  shall  maintain a full staff of
"Owner's Management  Personnel" as stated in the Governing Documents.  Owner has
sole authority to control Owner's Management  Personnel's actions and may remove

                                       9
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
any of Owner's  Management  Personnel at any time. WPHLI does not have any power
or authority to control Owner's Management  Personnel's acts or decisions.  That
power and authority is held solely by Owner.  WPHLI reserves the right to charge
Owner  WPHLI's  then  current  standard  training  fee for  training any Owner's
Management  Personnel or prospect for same after Owner's  initial Season Opening
Day. Owner's Team will be directly supervised "on-premises" by a General Manager
who shall be the full-time hands-on chief executive officer of Owner's Team with
full managerial  control,  authority and  responsibility  for operating  Owner's
Team. The General Manager will personally participate in actual operation of the
Team by spending a minimum of an average of thirty hours a week  personally with
the Team directly and actively  managing the Team year round to supervise sales,
recruiting,  training,  season play,  etc.  Owner shall hire Owner's  Management
Personnel  sufficiently  in advance  for them to be  qualified  and  approved or
disapproved  by WPHLI and fully  trained  before  becoming  responsible  for any
System related activities.  Owner's Management  Personnel shall participate on a
full-time basis in the direct  management and operation of Owner's Team and sign
the System's  then-current standard agreements,  including,  without limitation,
agreements  to  maintain  confidentiality,  not have an  interest in or business
relationship  with any other ice hockey  team,  not  compete,  etc.,  that WPHLI
requires of new System team management personnel generally.  In the event of the
termination,  resignation,  death,  or incapacity  of any of Owner's  Management
Personnel,  Owner shall replace same within sixty days with a person approved in
writing by WPHLI, approval not to be unreasonably withheld.

          5.2.3.  PLAYERS.  Owner shall employ the League's then-current minimum
of Players for Owner's  Team as stated in the  Governing  Documents.  Positions,
qualifications,  duties and the like may be stated in the  Governing  Documents.
Owner's  Players must  continue to be eligible and available to  participate  in
League play during each season of League play and any applicable  playoff games,
subject to injuries and excused  absences.  Owner shall have a written  contract
with each Player which  contract is on a standard form  approved by WPHLI.  Each
Player contract shall  conspicuously state that it is not binding until approved
in writing by WPHLI.  After Owner and a Player execute a Player contract,  Owner
shall  immediately  deliver same to WPHLI for approval.  Upon Owner's receipt of
WPHLI's  written  approval or  disapproval of the Player  contract,  Owner shall
immediately  deliver a copy of WPHLI's  approval or  disapproval  to the Player.
WPHLI may impose a salary cap for each League  Team  within the League  limiting
the total sum of Player  salaries for Owner's Team which salary cap shall be the
same for all League teams. Owner's Team shall also employ a Head Coach who shall
not  be a  Player.  The  Head  Coach's  responsibilities  may be  stated  in the
Governing  Documents.  Owner  recognizes  the importance to WPHLI and other team
owners of ensuring a consistency  of League team operating  costs.  Owner agrees
that, to the extent  permissible  under  applicable  law, all contracts  between
Owner and each of Owner's Team Players will be in such form as may be prescribed
by WPHLI from time to time (the "Players'  Contract") and be in compliance  with
all rules set forth for such agreements in the Governing  Documents.  WPHLI does
not promise or represent that current methods of obtaining and retaining Players
will be continued for any length of time.

     5.3. TRAINING.  WPHLI will provide the instructional and training materials
used in the initial training  program to Owner's  Management  Personnel  without
charge to Owner. Owner and WPHLI shall schedule Owner's Management  Personnel to
attend training at Owner's expense at a location designated by WPHLI and Owner's
Management  Personnel  shall attend and  successfully  complete  WPHLI's initial

                                       10
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
training  program to WPHLI's  satisfaction  prior to the Owner's Team  beginning
operations.  Thereafter,  whoever  Owner  designates  as a  Governor  or Owner's
Management Personnel must successfully complete WPHLI's initial training program
prior to serving as Owner's Management  Personnel.  Owner's Management Personnel
designated  by WPHLI  shall  attend and  complete to WPHLI's  satisfaction  such
additional training, assistance, seminars, meetings, conferences, etc. as WPHLI,
may from time to time  require,  at such  locations  that WPHLI  designates.  If
requested by WPHLI, Owner shall have Owner's Team's primary computer  physically
at WPHLI's  training  location  during  initial  training so Owner's  Management
Personnel can be trained on the actual software loaded on Owner's  hardware that
they  will use in  Owner's  Team's  operations.  WPHLI's  training  duty  solely
comprises  offering training  experiences and no more. All costs will be born by
Owner.  Owner is solely  responsible for the  performance of Owner's  Management
Personnel.  Owner will cause the  attendance  of  designated  employees  at such
training as WPHLI may conduct from time to time.

     5.4.  MINIMUM TICKET SALES.  Any League owner's failure subjects WPHLI, the
League, and other League owners to substantial expenses. For this reason, League
owners  must post a Letter of Credit in favor of WPHLI.  WPHLI's  experience  is
that  focusing new League  owners on selling  season  tickets is critical to the
success of new League owners. Consequently,  WPHLI requires of Owner a letter of
credit in favor of WPHLI in an amount which varies with  Owner's  season  ticket
sales,  i.e. the more season  tickets  Owner sells,  the less Owner's  letter of
credit  requirement.  Owner's  duty to create,  fund,  and  maintain a letter of
credit in favor of WPHLI is set forth in Exhibit A and the  Governing  Documents
and its amount shall be increased  or  decreased  in  accordance  with the terms
stated in  Exhibit  A and the  Governing  Documents.  The  Owner's  duty to sell
certain  numbers  and types of  tickets  may vary and  Owner's  letter of credit
requirements will be adjusted after Owner's first season.

     5.5. BEST EFFORTS.  Owner will continuously use its best efforts to market,
develop  and  maximize  recognition  and use of the  System  throughout  Owner's
Protected Territory including, without limitation;  aggressively advertising and
promoting Owner's Team and the League, obtaining and maintaining all facilities,
equipment,  Products,  Players,  staff,  etc.  as  described  in  the  Governing
Documents.  Owner shall continuously operate the System at its full capacity for
the  full  term of this  Agreement;  strictly  comply  with  all  terms  in this
Agreement and with all other  agreements which relate to Owner's business or use
of the  System,  including,  without  limitation,  the  Arena  Contract  and all
agreements with WPHLI, WPHLI Affiliate Entities,  Players,  vendors,  suppliers,
other System owners and System  Associations,  if any;  maintain full continuous
operations;  and do all things necessary for Owner's Team to compete in home and
away games in accordance with League game schedules  developed by WPHLI,  all in
strict compliance with the Governing  Documents as they may be revised from time
to time.  Owner's failure to strictly comply with, observe and perform any term,
condition,  covenant,  provision or obligation of this  Agreement is a breach of
this  Agreement.  Owner will send any  suggestions  Owner has for  improving the
System to WPHLI in writing.  Owner will fully  cooperate with WPHLI's efforts to
sell  additional  System  teams  including,   without   limitation,   displaying
information  concerning the  availability of new teams,  making Owner and any of
Owner's  personnel  available to truthfully  answer the questions of prospective
owners if  requested  by WPHLI and  assisting  in training  new owners and their
personnel at Owner's Home Arena.

                                       11
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
6. LEAGUE MANAGEMENT.

     6.1. BOARD OF GOVERNORS. For the League and its several individual teams to
succeed in the League's collective  enterprise,  the League's several individual
teams  must  cooperate  in the  integrated  operation  of the  League  as single
collective  enterprise.  Not every owner's team's interests will be maximized in
every interaction. The success or failure of each League team affects all League
teams.  WPHLI  manages the League and sets the League's  game  schedule.  One of
WPHLI's  methods of League  governance is to consult with and obtain advice from
the owners and management  personnel of WPHLI's several teams. Such consultation
occurs in part,  although  not  exclusively,  pursuant  to the  WPHLI's  and the
several League owners' participation in the League's Board of Governors.

     6.2.  MEMBERSHIP.  Each League team that is in good  standing  has one vote
which is voted by the team's Governor. The League's "Board of Governors" will be
comprised,  meet and  operate  as stated in the  Governing  Documents.  Owner is
entitled and required to appoint up to two  Governors (a principal  Governor and
one alternate  Governor) to the Board of Governors to represent Owner's Team who
shall attend and  participate  in all Board of Governors  meetings.  Owner shall
notify WPHLI of Owner's  nominee for Owner's  Team's  Governor  sufficiently  in
advance  for  WPHLI  to  approve  or  disapprove  of  the  nominee,  in  WPHLI's
discretion. WPHLI thereafter has the right to revoke WPHLI's approval of Owner's
Team's Governor, in WPHLI's discretion,  but only after consultation with Owner.
The Board of Governors is chaired by a President appointed by WPHLI. In the case
of a tie vote of the members of the Board of  Governors,  The  President  has an
additional deciding vote.

     6.3.  POWERS OF THE BOARD OF GOVERNORS.  The Board of Governors  represents
the owners of League teams,  and is responsible  for making  recommendations  to
WPHLI concerning the following League affairs:

          6.3.1.  SCHEDULE.  Development  of a schedule  format for  exhibition,
regular season and playoff games;

          6.3.2.  LEAGUE RULES.  Development of League Rules for the conduct and
administration  of  League  games.  Enforcement  of  the  League  Rules  through
investigation  disciplinary  offenses  and setting and  enforcing  penalties  is
solely within WPHLI's power, but in appropriate cases WPHLI may consult with the
Board of Governors  concerning same.  "League Rules" means rules and regulations
enacted by WPHLI to govern  League play.  The League Rules may be  supplemented,
deleted or amended from time to time by WPHLI in  accordance  with the Governing
Documents and after consultation with the Board of Governors.

          6.3.3.  PLAYOFFS.  Development of playoff  competitions and funding by
all owners of playoff prize pools;

          6.3.4.  PLAYER'S  CONTRACT.  Suggestions  concerning  revisions  to or
replacement of a standard player's  contract,  playoff  payments,  Player salary
cap, and other player-related matters;

          6.3.5. ADVERTISING FUND. Administration of the Advertising Fund; and

                                       12
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
          6.3.6. MARKETING.  Marketing and operation of the League and the WPHLI
System.

          6.3.7.    ADMINISTRATION.    Suggesting    changes    concerning   the
administration of WPHLI.

     The Board of  Governors  shall act only in  compliance  with the  Governing
Documents and all other applicable  agreements,  including,  without limitation,
this Agreement to which League team owners are bound.  Board of Governors'  acts
do not modify  any  agreement  between  WPHLI and  System  owners.  The Board of
Governors' acts are always advisory  without  independent  force or effect.  The
League's  owners  never  "agree"  with each other to act or not act  through the
Board of Governors,  only to develop consensus  recommendations  to WPHLI. WPHLI
never "agrees" with any Board of Governors' act or  recommendation.  WPHLI shall
consider the acts, resolutions,  and advice of the Board of Governors,  and then
WPHLI shall reach its own independent decisions concerning such matters.

     6.4.  ATTENDANCE.  Owner will ensure that Owner is  represented  by Owner's
authorized  representatives  at each and every  meeting  of WPHLI  governors  or
owners,  which may be called at the discretion of WPHLI from time to time. There
are currently four Board of Governors'  meetings  annually at which governors of
all  teams  are  expected  to  attend.  Continuation  of  this  schedule  is not
guaranteed. It may be changed. Additional meetings may be called. If Owner is an
individual,  Owner specifically agrees to personally physically attend in person
at least one League owners'  meeting  annually  called by WPHLI with  reasonable
notice.  If Owner is an  incorporated  entity,  Owner will  attend via an agreed
representative,  expected to be the individual with the most equity ownership in
Owner.  Attendance  means  being  physically  in  attendance  in  person at such
meetings.  There is currently one Summer  Conference  annually at which Owner is
required to be physically in attendance unless otherwise agreed. Continuation of
this schedule is not guaranteed. It may be changed. If Owner or Owner's Governor
is unable to attend  any such  meetings,  Owner will send a  substitute  person,
approved in advance by WPHLI, in the missing person's place to represent Owner's
Team.  Isolated absences with prior notice and due to good cause are acceptable.
Participation in League meetings is at Owner's sole cost.

7. OWNER'S PAYMENTS

     7.1. INITIAL FEE. Owner will pay WPHLI an "Initial Fee" of $1,250,000.  The
Initial Fee is fully earned and  non-refundable  upon WPHLI's acceptance of this
Agreement  as  set  forth   herein  and  is  in  partial   payment  for  WPHLI's
administrative costs, opportunities lost or deferred, past efforts in developing
the System, and a license to use the System,  together with the other assistance
and advantages made available to Owner as stated herein.  The Initial Fee is due
from Owner to WPHLI upon the schedule  stated in Exhibit A. WPHLI will return to
Owner the  portion of the  Initial  Payment  received  from  Owner with  Owner's
executed copy of this  Agreement if WPHLI does not accept this  Agreement as set
forth herein within thirty days of receiving Owner's executed  Agreement and the
required portion of the Initial Payment.

     7.2.  ASSESSMENT  FEE. In  consideration  for the licenses  granted herein,
WPHLI's  administrative and lost opportunity  costs,  WPHLI's costs and risks in
developing the System, and the assistance specified herein, Owner will pay WPHLI
an  "Assessment  Fee" of $100,000  each calendar  year.  The  Assessment  Fee is
payable as follows:  At the earlier of WPHLI's  Annual Summer  Conference or the
fifteenth day of June of each year,  Owner shall deliver to WPHLI four checks in

                                       13
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
the amount of $25,000  each,  dated June 15, July 15, and  September 15, of that
year, and February 15 of the succeeding  year.  These amounts are subject to the
CPI  inflation   adjustment  of  Section  11.6.  The  checks  shall  contain  no
restrictive  endorsements  other than being post-dated.  WPHLI shall not present
same for payment until their stated dates.  Owner shall insure that these checks
will be paid upon their being presented for payment upon their face dates.  Upon
three months advance written notice to Owner, WPHLI may elect to replace Owner's
duty to pay WPHLI an annual  Assessment  Fee of $100,000 with an Owner's duty to
pay WPHLI a License Fee of five percent of Owner's  Revenues upon  schedules and
terms to be stated in the then-current  Governing Documents.  Further, WPHLI may
impose other reasonable special  assessments based on a recommendation  from the
Board of Governors.

     7.3.  LETTER OF CREDIT.  WPHLI and other League  owners depend upon Owner's
performance of Owner's  promises  hereunder.  A League owner's failure to comply
with the owner's  promises to WPHLI and other League owners  subjects  WPHLI and
other  league  owners  to  substantial  expenses.  As  continuing  security  for
satisfaction  of Owner's  obligations,  Owner  will  establish  and  continually
maintain an irrevocable  non-expiring  (automatically renewing) letter of credit
upon terms stated in the Governing  Documents to secure Owner's full performance
of Owner's  duties under this  Agreement at a federally  chartered bank ("Bank")
acceptable  to WPHLI upon terms  acceptable  to WPHLI in the amount of  $100,000
(the "Letter of Credit")  pursuant to the System's  then-current  standard  such
agreement contained in the Governing Documents as it may be changed from time to
time.  These terms may include,  without  limitation,  that the Letter of Credit
shall automatically perpetually renew until after Bank has given at least ninety
days  prior  written  notice  to WPHLI  that the  Letter  of Credit is to not be
renewed. WPHLI has discretion to make withdrawals from the Letter of Credit from
time to time (with the deemed  consent of Owner) if and when WPHLI  informs Bank
that Owner or Owner's Team is indebted to WPHLI or that WPHLI intends to pay any
debt from Owner to a third  party  which Owner has failed to pay. If WPHLI deems
itself insecure, WPHLI may, in WPHLI's discretion, require Owner to increase the
Letter of Credit up to $250,000.  If Owner's Arena Contract or other  agreements
related to operation of Owner's  business  require one or more letters of credit
in favor of the landlord or other entities, Owner will always comply with same.

     7.4.  TRAINING AND  ASSISTANCE.  WPHLI will provide the  instructional  and
training materials used in the initial training program to Owner without charge.
However,  Owner is always responsible for all of Owner's and Owner's personnel's
own costs,  including  all  Personal  Expenses,  for any  training,  assistance,
seminars, meetings, conferences, etc. WPHLI's additional training and additional
assistance (after initial opening assistance), is at Owner's expense, namely, at
WPHLI's  then current  published  rates,  minimum  charges,  expenses,  and both
Owner's and WPHLI's  Personal  Expenses.  These rates,  charges and expenses are
subject to change via  amendments to the Governing  Documents.  The Training and
other events will occur at WPHLI's headquarters or where designated by WPHLI.

     7.5.  OFFICIATING  GAMES.  OFFICIATE  GAMES.  WPHLI  shall  provide  League
officials to officiate at scheduled  regular season League games of Owner's Team
as specified in the  Governing  Documents at WPHLI's  cost.  WPHLI shall provide
League officials to officiate at scheduled preseason,  post-season and all other
scheduled  League games which are not regular season games, at Owner's cost. Any
increase in WPHLI's cost of providing  officials from the effective date of this
Agreement  forward  shall be  reimbursed to WPHLI by League owners on a pro rata
basis as determined by the Governing Documents.

                                       14
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
     7.6. ADVERTISING.

          7.6.1.  LOCAL  ADVERTISING.  Owner may spend as much money advertising
Owner's Home Team and the League as Owner desires,  except that Owner must spend
at least three percent of Owner's  Revenue per Owner's prior fiscal year on such
advertising  in Owner's  Protected  Territory as set forth in this Agreement and
the Governing Documents.  Promotional discounts,  coupon reductions and the like
are not counted as an advertising expenditure. Owner's advertising is subject to
the Governing  Documents  restrictions  which may include,  without  limitation,
requirements that Owner clearly identify that Owner's promotions,  prices, etc.,
are only for Owner's Team if this is true;  having Owner's  advertising  created
and placed through a WPHLI owned or approved media agency (in such event,  WPHLI
may seek and retain any  commission);  to advertise and charge prices within the
League's  pricing  policies  (which  may only be  effected  by a formal  written
statement  issued by WPHLI's  President),  being  restricted to Media  primarily
directed to Owner's  Protected  Territory and exclusively  using the location on
the League's  System  internet web site allocated by WPHLI;  and obtaining WPHLI
approval  of  sponsors  to Owner and no other web site or  internet  advertising
except as approved by WPHLI in writing.

          7.6.2.  ADVERTISING  ASSOCIATIONS.   WPHLI  may  create  one  or  more
advertising cooperatives, corporations or groups (each an "Association") to pool
the advertising  monies and efforts of WPHLI and/or owners.  Owner's payments to
an authorized  Association  shall be credited against Owner's local  advertising
requirement,  but do not reduce Owner's Advertising Cost duties. WPHLI shall, in
its sole discretion, designate the area covered by any Association (for example,
Texas, to share in TEXAS MONTHLY  advertising if Texas co-op members so choose).
Each System team is  entitled to one vote in each  Association  of which it is a
member,  provided it complies with that Association's rules. WPHLI may structure
Associations to grant WPHLI a veto over expenditures,  permit WPHLI to grant any
Owner an exemption for any length of time from the requirements of membership in
and/or the obligation to contribute fully to any Association,  and require their
governing documents to include such restrictions as WPHLI deems desirable. Owner
shall join such  Associations,  if and when established by WPHLI, enter into all
governing  Association  documents  and fully  perform  all  Association  duties,
including  paying  Owner's  pro rata share of all costs,  expenses,  and outlays
limited to a maximum two percent of Owner's  Revenue  per Owner's  fiscal  year.
WPHLI may  require  Owner or any  Association  to create  and place its local or
Association  advertising  through a WPHLI owned or approved media agency and, in
such  event,  WPHLI may seek and  retain  the  commission  paid by the agency or
advertising's seller.

          7.6.3.  ADVERTISING  FUND.  WPHLI may,  by ninety  days prior  written
notice,  create an  Advertising  Fund,  in which event;  Owner will pay WPHLI an
"Advertising  Contribution"  for  Advertising  Costs of up to three  percent  of
Owner's  Revenue per Owner's fiscal year to WPHLI.  "Advertising  Costs" include
the cost of: precursor  activities such as surveys,  design,  layout,  legal and
administration  expenses;  service mark,  trademark and trade dress development,
clearance,  registration,  maintenance  and  protection;  creating,  developing,
preparing  and testing  advertising  and  promotional  materials,  marketing and
public relations personnel or agencies; distribution and Media placement; taxes;
and related expenses.  A portion of these amounts may be reimbursements to WPHLI
due to its internal and external  expenses of providing same. WPHLI reserves the
right to use Advertising Contributions to fund advertising co-ops or advertising
in national  Media.  WPHLI may charge fees and expenses  against the Advertising
Fund if it uses an inside or  related  agency to create  and place  advertising.
Selection of advertisements,  Media and locale for Media placement is at WPHLI's

                                       15
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
sole direction.  No advertising program can equally benefit all Owners.  Nothing
herein requires allocation of advertising costs or benefits on a pro-rata basis,
proportional basis, or otherwise.  Owner is not entitled to any specific benefit
from its  Advertising  Contributions.  Owner's  failure to derive  any  specific
benefit from the  Advertising  Contributions  is not cause for Owner reducing or
ceasing the same.  Monies  remaining in any  Advertising  Costs accounts will be
carried forward unless WPHLI elects to end any such account in which event WPHLI
may  elect to either  refund  unused  money to then  current  owners  who are in
compliance  with all  agreements  with  WPHLI or spend it on future  advertising
costs.  Advertising  Contributions  are not Owner  investments  or  assets;  the
Advertising  Fund is not a trust  fund;  WPHLI  owes no  fiduciary  or any other
duties  concerning  same  except  as  expressly  stated in this  subsection.  No
interest accumulates on unused portions thereof in favor of Owner.

     7.7.  TRANSFER  FEE. As a condition  of WPHLI  granting  its consent to any
Transfer, Owner shall reimburse WPHLI for WPHLI's costs and expenses, including,
without  limitation,  legal and accounting  fees,  associated  with the proposed
Transfer.  Transfers  of more than a  cumulative  ten percent or more of Owner's
outstanding   equity  within  any  twelve  month  period  or  which,   alone  or
cumulatively,  effect a change in control of Owner relative to Owner's  original
principal  controlling  entity  are  conditioned  upon  payment  to  WPHLI  of a
"Transfer Fee" equal to twenty-five  percent of WPHLI's then current Initial Fee
charged to new System owners.

     7.8.  REVENUE.  "Revenue" is all monies and benefits received or receivable
due to any  business  by or for  Owner  (which  term  for the  purposes  of this
paragraph  includes any  subsidiary or affiliate of Owner or any other entity in
which Owner has a legal and beneficial  interest) or Owner's  Associated Persons
in connection with or due to any part of the System, or Owner's Team. Revenue is
determined on a cash basis.  Money or benefits received by Owner in exchange for
prepayments,  coupons or the like issued by Owner are Revenue. Revenue includes,
without  limitation,   revenue  from  all  ticket  sales  for  games  (including
exhibition,  regular season and playoff games, whether against other WPHLI teams
or otherwise),  television,  radio and other broadcast revenue, revenue from all
forms of advertising,  sponsors,  revenue from sales of foods, beverages,  other
goods and  services  related to  Owner's  Team or during  games by Owner's  Team
(including  Owner's revenues from any sales of liquor,  beer, wine,  tobacco and
the like if applicable),  whether in the form of cash, charge or otherwise,  all
transactions for goods, services or intangibles sold, leased, used, delivered or
rendered at, through or related to the System or Owner's Team via cash,  credit,
barter  or  otherwise,  on or off  premises  or using in any way any part of the
System's Marks, Products,  Proprietary  Information or other part or item of the
System,  inside  or  outside  of  Protected  Territory,   business  interruption
insurance  payments and any other related benefits.  In the case of any non-cash
consideration  received by Owner,  Revenue  means the fair market  value of such
consideration.  Revenue  does not include  sales taxes and any other taxes which
Owner separately states,  collects from customers,  pays to any federal,  state,
county,  municipal  or other  local  taxing  authority  and is not  entitled  to
recover,  and discounts which WPHLI may in its sole discretion  permit from time
to time.  Cash refunds made within the time periods and in  compliance  with the
Governing Documents' procedures shall be deducted from Revenue. Refunds paid not
in compliance with the Governing  Documents'  procedures  shall not be deducted.
Any  money  or  benefit  received  by  Owner  or  its  Associated  Persons  as a
consequence  of or  attributable  to any  activity  which is in  breach  of this
Agreement  is deemed  Revenue,  without  limiting  WPHLI's  remedies  therefore.
Revenue  begins to  accumulate  immediately  and is not delayed until the Team's

                                       16
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
opening  game.  Credit  transactions  (transactions  where not all of the agreed
payment  is  received  at the time of  delivery)  are deemed  complete  when the
transaction giving rise to the extension of credit occurs.

     7.9.  PAYMENT  TERMS.  The  payment  due dates for any monies due WPHLI for
Assessment  Fees,  Transfer  Fees,  Advertising  Contributions,  WPHLI's  goods,
services  or  otherwise  are as set forth in this  Agreement  and the  Governing
Documents.  If no other date is agreed in writing,  payment for goods,  services
and  intangibles  is due twenty days after the invoice  date.  Payments  must be
accompanied  by  such  fully  and  accurately   completed  standard  forms,  and
physically  received at WPHLI's  Headquarters no later than five o'clock p.m. on
the date due or be  received  there in U.S.  dollars by mail  within  three days
thereafter, postmarked on or before the date due and be accompanied by such full
and  accurately  completed  standard  forms,  receipts,  and other  documents as
prescribed in the Governing Documents for a transaction of that type. Failure to
properly  and timely  deliver  any  payment  due WPHLI,  whether  due under this
Agreement or any other  agreement or  obligation,  is a material  breach of this
Agreement.  Owner is  absolutely  required to make full payment to WPHLI exactly
when due in all  instances  without  setoffs  due to amounts  due from WPHLI and
without  withholding any amount due to any alleged breach by WPHLI. All past due
amounts  bear  interest at  eighteen  percent  per annum,  or the  highest  rate
permitted by law, whichever is less, from the day due until paid. Entitlement to
interest is in addition to WPHLI's other rights and remedies.  If Owner delivers
a check which is returned due to  insufficient  funds or is otherwise  not paid,
WPHLI may  additionally  assess a service charge at the highest amount permitted
by law. Upon Owner's  failure to  punctually  pay any  obligation  due to WPHLI,
WPHLI may accelerate that and any other  obligations of Owner to WPHLI,  whether
under this  Agreement or any other  agreement,  making any such full  underlying
obligations  immediately  due and payable without notice of intent to accelerate
or notice of acceleration. The terms of any transactions between WPHLI and Owner
shall be governed by this  Agreement  and the  Governing  Documents as it may be
changed from time to time, except to the extent that the parties may later agree
otherwise in writing. The terms of all sales from WPHLI are fully prepaid F.O.B.
point of shipment unless otherwise agreed in writing.  WPHLI may require payment
in advance  C.O.D.  WPHLI may  implement  a program  for  direct,  automatic  or
otherwise, electronic payment from Owner's primary operating accounts of amounts
invoiced by WPHLI to Owner. In such event, WPHLI shall only invoice amounts owed
by Owner and Owner  will  always  fully  cooperate  with the  program  including
executing the System's  then-current uniform applicable agreements and financial
institution agreements, complying with same, and maintaining sufficient funds in
the accounts to pay such invoices as they come due. Owner will  reimburse  WPHLI
for all taxes and levies due on  transactions  with Owner except for taxes based
on WPHLI's net income.

8. RESTRICTIONS

     8.1.  BUSINESS.  The parties  intend by this  Agreement  to  establish  the
relationship of licensor and licensee, each as an independent contractor.  It is
not the  intention  of either party to  establish a fiduciary  relationship,  to
undertake  a joint  venture,  to make  Owner in any  sense an  agent,  employee,
affiliate,  associate or partner of WPHLI or to confer on Owner any authority to
act in the name of or on behalf of WPHLI. Day-to-day conduct of Owner's Team and
performance of Owner's employees is controlled solely by Owner and not by WPHLI.
Owner's Team must be on the ice and ready to play  according to the Schedule set
in the Governing Documents each year, and the Home Arena must be fully available
for games  according to the Schedule set in the Governing  Documents  each year,
and be fully  staffed by  players,  management  and staff who conform to WPHLI's
performance,  cleanliness  and  attire  standards,  all  as  prescribed  in  the

                                       17
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
Governing  Documents.  Owner will  operate  Owner's Team solely for the purposes
permitted  herein and not enter  into  agreements  that  conflict  with  Owner's
obligations  to WPHLI.  Owner will offer the System's  full line of  activities,
goods  and  services  as  prescribed  in  the  Governing  Documents.   No  other
activities,  goods or services,  whether for profit or not,  shall be offered or
sold by  Owner's  Team,  or,  at the  Home  Arena  during  League  games,  or in
connection with any part of the System without  WPHLI's prior written  approval.
Owner shall limit its use of the System to operating  Owner's  Team.  Non-league
play,  and  off-premises,   internet,  electronic  and  catalog-type  sales  are
prohibited unless authorized in writing by WPHLI.  Owner's reputation for credit
worthiness  is a  material  part of the  System.  Owner  will  promptly  pay all
obligations  when due,  including,  without  limitation,  those to WPHLI,  other
System owners,  System  Associations,  employees,  agents,  landlords,  vendors,
suppliers,  taxing authorities,  applicable public or private authority, and any
third parties who have extended credit to Owner.

     8.2. STANDARDS.  Owner shall manage Owner's Team in accordance with Owner's
own  business  judgment  subject to the  restrictions  herein and the  standards
prescribed by WPHLI.  Owner  recognizes the importance to WPHLI, to other System
owners and to the public, of maintaining the standards, qualities and attributes
of products and services  identified by the System.  Owner acknowledges  Owner's
responsibility  to the public and other  System  owners to maintain the System's
standards,  that Owner benefits from the standards and that the standards herein
and in the Governing  Documents are reasonable  and  necessary.  Owner agrees to
maintain and adhere to the standards,  procedures and policies set by WPHLI. The
standards may now or in the future include,  without  limitation,  requirements,
and  restrictions  for: Owner's Team, Home Arena; the public image designated by
WPHLI; Products and their use; use and protection of Proprietary Information and
the Marks; services,  goods, signs,  intangibles,  supplies;  computer hardware,
software and  communications;  marketing,  operations,  uniforms,  improvements,
governmental compliance,  suppliers, agreements between teams, ordering, paying,
selling, maintenance, repairs, alterations, replacement, hiring, training, skill
standards,  bookkeeping,  and all other  matters  related to  Owner's  business.
Owner's  operations  shall never create a threat to public or employee health or
safety.  Owner shall  immediately  cure such  problems  upon  receipt of written
notice from WPHLI and shall comply with or timely and appropriately  contest any
health  or  safety  order or  requirement  issued  by a  competent  governmental
authority concerning same at Owner's sole expense. The Governing Documents shall
be uniform  for all owners in each class of  owners,  it being  understood  that
WPHLI may  establish  and change  classes of owners,  though not more often that
once a year. The Governing Documents are ineffective with respect to the parties
to the extent the Governing  Documents  contradict  this  Agreement.  Subject to
these limitations, the Governing Documents explain and supplement this Agreement
and are binding on Owner as if included  and  incorporated  herein.  All written
additions and revisions to the Governing Documents by WPHLI become a part of the
Governing  Documents,  effective  on receipt by Owner or  electronic  posting by
WPHLI on a League website designated for the purpose.  WPHLI may change any part
or  parts  of the  System  and the  Governing  Documents,  in  WPHLI's  absolute
discretion,   including,   without  limitation,  its  System,  Marks,  Products,
Proprietary Information,  fees, expenses,  rates, charges and costs, by amending
the Governing Documents, except that amendments to the Governing Documents which
are not uniform for Owner's  class of WPHLI owners or which are contrary to this
Agreement are ineffective as between Owner and WPHLI. Owner shall adopt the same
at  Owner's  sole  expense.  Owner  agrees  to use and  abide  by the  Governing
Documents,  and to not copy or permit them to be copied at any time, without the
prior written approval of WPHLI.

                                       18
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
     8.3.  SUPPLIES.  Owner shall only  acquire,  use,  offer to sell,  and sell
Products,  equipment,  goods, and services that have been approved in writing by
WPHLI as meeting WPHLI's standards,  maintain each in the appropriate manner and
in sufficient supply in, and only deal with suppliers of same who demonstrate to
WPHLI's  continuing  satisfaction an ability to meet WPHLI's  standards and have
been approved in writing by WPHLI and not thereafter disapproved,  all as stated
by the Governing Documents.  Approval criteria may include,  without limitation,
quality  controls,   capacity  to  supply  System  needs,  warranties,   design,
appearance,  reputation,  finances,  experience  and the System's  need for each
approved supplier to be reasonably assured of doing sufficient business with the
System.  Owner  shall  submit a written  request  to WPHLI if Owner  desires  to
purchase unapproved goods or services or deal with unapproved  suppliers.  WPHLI
may condition  approval on its  representatives  being  permitted to inspect the
supplier's goods, services and facilities, and that free samples being delivered
for inspection and testing. WPHLI may from time to time require re-inspection of
the goods,  services and  facilities  of any supplier and revoke  approval  upon
failure to meet any then current  criteria.  Nothing in the  foregoing  requires
WPHLI to approve any particular  supplier,  goods or services or to disclose any
standards,   specifications,   or  other  information  deemed  by  WPHLI  to  be
confidential.  WPHLI may refuse to approve an alternate  supplier if, in WPHLI's
opinion, approval could adversely affect pricing or availability to other owners
or WPHLI.  WPHLI may require Owner to perform  substantial  changes to come into
compliance with the System's then current  standards.  The System uses or may in
the future use, certain Products,  equipment,  fixtures,  goods,  services,  and
methods  which  WPHLI  deems  to be of  value  to  the  System.  Because  of the
importance of maintaining a competitive  advantage,  and maintaining  uniformity
and reliability concerning certain methods, information,  goods, services, etc.,
an exception to all other terms  herein is that WPHLI may  designate  any of the
same as being restricted,  keep its specifications  secret, and require Owner to
use and sell only such designated  items and acquire the same only from specific
sources  designated  in the  Governing  Documents.  WPHLI may pool  purchases of
certain goods or services by WPHLI owners from one or more designated  suppliers
("Supplier  Pool").  Owner shall not  purchase  goods or  services  subject to a
Supplier  Pool from a supplier who is not in the Supplier  Pool until and unless
the supplier has been approved in writing by WPHLI.  WPHLI may designate  itself
as the sole source of any good or service. WPHLI (either alone or in conjunction
with other  WPHLI  affiliates)  may charge  fees to  suppliers  for the right to
participate  in the  Supplier  Pool,  and may  receive  for  WPHLI's own account
refunds,  rebates and  similar  incentives  from  suppliers  and may  distribute
portions of such monies to WPHLI owners.

     8.4. FINANCES AND RECORDS.

          8.4.1.  FINANCES.  Owner shall maintain and employ in connection  with
its business and operations under this Agreement  sufficient net working capital
and net worth to fully perform Owner's obligations under this Agreement. Uniform
such standards may be stated in the Governing  Documents.  Owner will deliver to
WPHLI's  Headquarters Owner's draft financial and business plan for Owner's Team
and its operations  for the following year (the "Plan").  The Plan shall project
all  estimated  revenues  and  expenses  for the next year and explain from what
sources Owner expects to meet its expenses. WPHLI may either approve the Plan as
submitted by Owner or work with Owner concerning such revisions as may be agreed
upon by WPHLI and Owner,  each acting  reasonably.  In the absence of  agreement
concerning  Owner's Plan, the disagreement  will be resolved by this Agreement's
dispute  resolution  process,  the goal being a Plan which  fairly  balances the
interests of Owner,  WPHLI, and the League's other owners,  Players and fans and

                                       19
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
recognizes that the League's several teams cooperate in the integrated operation
of the League as a single collective  enterprise.  Balancing these interests may
produce a Plan which does not maximize  Owner's finances to the detriment of the
other  stakeholders.  Owner shall operate  Owner's Team pursuant to the approved
Plan.  WPHLI's  approval  of the Plan  does  not  comprise  any  representation,
guarantee or promise by WPHLI concerning  anything except that a required act by
Owner has been  performed.  Owner will not  permit any third  party to rely upon
WPHLI's approval of the Plan.

          8.4.2.  REPORTING.  Subject to such uniform  changes as may be made in
the Governing  Documents,  Owner shall deliver  complete and accurate records to
WPHLI as follows:  (a) The regular  reporting period shall be one calendar month
or such other  period as stated in the  Governing  Documents  (in any case,  the
"Period").  Within fifteen days of the end of each Period, Owner shall submit to
WPHLI a correct  and  complete  statement  of all Revenue for such Period on the
reporting forms required in the Governing  Documents (the "Period Report").  The
Period Report shall contain all information required thereby and be certified as
correct by Owner. (b) Within  twenty-five days of the end of each Period,  Owner
will submit to WPHLI a copy of Owner's operating statements for such Period; and
(c) Within  ninety days after each fiscal year end,  Owner shall submit to WPHLI
the following information as finally adjusted and reconciled after the close and
review of Owner's books and records for the year,  certified as correct by Owner
and, on a review engagement basis, by an independent certified public accountant
retained by Owner:  balance sheet,  income statement and statement of source and
application of funds,  prepared in accordance with generally accepted accounting
principles applied on a basis consistent with prior fiscal years; and such other
reports, tax returns, and information,  including for Owner's Associated Persons
or  guarantors,  as WPHLI may from time to time  require.  If Owner  understates
Owner's  Revenues  or  monies  due to WPHLI for any  Period  by more than  three
percent  then Owner shall  immediately  pay the amount due and  WPHLI's  cost of
discovering the error, including legal and accounting fees, and for a full audit
of Owner's business by WPHLI's representatives for the prior, immediate and next
fiscal annual periods. This is in addition to any other remedies WPHLI may have.

          8.4.3.  RECORDS.  Owner  will  completely  and  accurately  record all
business and create, use, keep and submit all records,  and reports according to
the  requirements  prescribed  in the  Governing  Documents.  This may  include,
without  limitation,  upon WPHLI's  request,  Owner using the  System's  uniform
accounting  system  and  making  reports  based  thereon  so WPHLI,  in  WPHLI's
discretion,  can better create and  disseminate  summary  information,  evaluate
relative  operating  performances,  and  develop  criteria  to  enable  WPHLI to
formulate League plans and policies.  WPHLI's  accounting  system shall be given
priority in use by Owner,  but is not exclusive of any other  accounting  system
Owner may desire to use.  WPHLI may require  Owner to  purchase  and use certain
procedures,  computer software and hardware,  data transmission,  forms,  record
keeping  devices,  cash registers  equipped with recorders and a locked-in grand
total unit, and to obtain same from single designated  sources,  for control and
uniformity.  WPHLI may disclose portions of any Owner's financial information in
support of WPHLI's efforts to add additional  Owners to the System.  Owner shall
permit  WPHLI or  WPHLI's  representatives  to enter any  premises  of Owner and
inspect,  sample,  copy,  photograph,  take and test  any of  Owner's  premises,
Products, goods, services, items, books, files, drawers, storage areas, records,
computer  generated  records,  electronic  memory,  bank  statements,  books  of
account, tax returns,  files,  receipts, and all other things and places related
to Owner's Team, Home Arena,  System business or any business conducted pursuant
to the  System  or  relating  in any  way to  this  Agreement;  observe  Owner's

                                       20
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
operations  and confer  privately  with Owner's  personnel  and  customers;  all
without prior notice and at any time.  Owner will  immediately  fully  cooperate
with the same,  assist as  requested,  and instruct  all persons to  immediately
fully and truthfully answer all questions and immediately  provide all requested
documents and samples  without  charge.  Owner and its  Associated  Persons will
themselves  and will instruct  their  suppliers and  independent  accountants to
promptly make all documents and information  relating to Owner or its Associated
Persons,  including,  without  limitation,  original documents and data, working
documents,  accountant's work product, tax returns, filings, etc., available for
inspection,  copying and audit if requested by WPHLI. Owner shall timely deliver
to WPHLI the records on the schedules prescribed in the Governing Documents.  If
Owner fails to timely submit any required information, WPHLI may obtain the same
by audit and investigation at Owner's expense. Owner's maintaining or submitting
false records is a breach. Owner's intentional material falsification of records
submitted  to WPHLI is an  Exceptional  Breach.  If Owner at any time  causes an
audit of Owner's Team to be made, then Owner shall furnish WPHLI with a complete
copy of the resulting audited financial statements, without any cost to WPHLI.

          8.4.4.  COMPUTER. The Governing Documents may specify uniform computer
hardware,  software, and communications  requirements for all aspects of Owner's
business and may be modified on ninety days written  notice.  Owner's  computers
shall  comply  with  the  Governing  Documents'  location,  operational,  record
keeping,  audit,  and other  requirements.  Owner  shall:  supply WPHLI with all
codes,  passwords,  and information necessary to access Owner's computer and not
change them without first notifying WPHLI.  This includes,  without  limitation,
specific  hardware  and  software  to  enable  WPHLI to  access  all of  Owner's
computers  and  Team-related  records   electronically  at  Owner's  expense.  A
non-limiting example is dial-in computer polling at night. WPHLI may require use
of  WPHLI's  proprietary  software  and use of certain  software  and access any
information  in Owner's  computers.  Owner  shall pay for any initial or ongoing
licensing fee for third party  software,  reimburse  WPHLI for WPHLI's  expenses
related to internally or vendor created software or technology,  and Owner's own
costs  associated  with either the security or hosting of any systems  WPHLI may
require.  If WPHLI bundles WPHLI's third party software and provides it to Owner
for use with  Owner's  business,  Owner shall enter the  System's  then  current
licensee  agreements  for same,  upon  terms  consistent  with the then  current
uniform  software  license  terms  stated  in  the  Governing  Documents,  which
agreements  may require,  among other  detriments,  that Owner pay for same.  If
WPHLI believes it is advisable at any time to modify or  discontinue  use of any
or all System software or hardware, and/or use additional or substitute software
or hardware,  then Owner is required to do so without any  obligation on WPHLI's
part.

     8.5. ETHICAL CONDUCT.  Owner will not allow or engage in unsafe,  unlawful,
deceptive,  misleading, or unethical practice,  operation, or advertising;  deal
fairly and honestly  with each  customer,  player,  supplier,  vendor and WPHLI;
comply with all applicable laws, ordinances,  bonds, orders, regulations, and by
laws of  applicable  public and  private  authorities;  maintain  all  necessary
permits and licenses; and rely solely on its own attorney's and advisor's advice
in all matters.  Neither  Owner nor persons  employed by Owner's Team shall make
any  statements or engage in any activity  which is detrimental to the good will
or reputation of WPHLI,  results,  or may reasonably be anticipated to result in
litigation  against or public  criticism  of WPHLI or any  employee  or agent of
WPHLI; any other System team or other team's owner, Player,  employee, or agent;
or the System or any employee or agent of the System.  The  Governing  Documents
may implement rules for Owner's  resolving,  channeling,  and reporting  adverse

                                       21
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
incidents and complaints about Owner's Team, the League, Products, or any aspect
of the  System.  If  Owner,  any  Equity  Holder,  or any  of  Owner's  Players,
Management personnel,  employees,  or agents,  disrupt or attempt to disrupt the
standard operation of the System,  Owner shall immediately inform WPHLI of same,
provide WPHLI with all information  WPHLI requests,  and thereafter  comply with
WPHLI's  instructions  concerning same, which instructions may include requiring
that the subject person's  participation  with Owner and the League  immediately
end.  Owner  will  never  threaten  to breach  this  Agreement,  repudiate  this
Agreement,  or  indicate  to any entity that the Owner is not bound by it or any
part of the System or challenge  WPHLI's sole  ownership and  enforceability  of
WPHLI's claimed intellectual property rights. Owner specifically  represents and
agrees that Owner has fully,  completely,  and honestly  completed  the System's
application and has provided WPHLI with full, complete and accurate  information
concerning its background,  financing,  assets,  debts,  business experience and
aptitudes.  WPHLI's  duties  are  discharged  and  ended if  Owner  has not been
entirely  truthful in these regards  regardless of performance,  reliance or any
other  legal  doctrines.  Owner  shall  make  such  disclosures  and  sign  such
additional  verification  documents as WPHLI from time to time deems  reasonably
necessary  to  assure  WPHLI  of  Owner's  continuing   performance.   Following
expiration  or  earlier  termination  of this  Agreement,  WPHLI may  execute in
Owner's  name and on Owner's  behalf all  documents  necessary  or  advisable in
WPHLI's  judgment  to  terminate  Owner's  use of the  Marks and WPHLI is hereby
irrevocably  appointed  as Owner's  attorney  to do so.  Every power of attorney
granted in this  Agreement to WPHLI is coupled with an interest,  shall continue
unrevoked and may be exercised  during any subsequent  legal or other incapacity
on Owner's part. Owner will ratify and confirm in writing that any actions taken
by or on behalf of WPHLI in pursuance  thereof are valid and effectual.  Owner's
duties set forth in this paragraph are its "Ethical Conduct Duties."

     8.6. USE OF GOODWILL.

          8.6.1.  ADVERTISING.  Owner's  advertising,  marketing and  promotions
including,  without limitation,  type, quantity,  placement,  timing,  choice of
agency, placement of and choice of League logos and marks upon jerseys, helmets,
etc., must be within the guidelines stated in the Governing Documents. WPHLI may
require all uniforms, decals, patches, name emblems or the like intended for use
with or in  association  with Owner's Team,  and all signage  related to Owner's
Team which Owner proposes to use be submitted by Owner to WPHLI prior to use for
WPHLI's  written  approval,  which approval shall not be withheld  unreasonably.
WPHLI may  require  advertising  placed by Owner to employ  only  materials  and
programs provided or approved in writing by WPHLI.  WPHLI is not required to pay
for any of  Owner's  advertising.  WPHLI  may  require  all or  part of  Owner's
advertising to be placed through WPHLI or a WPHLI approved agency.

          8.6.2.  MEDIA RIGHTS.  WPHLI has the exclusive right to enter regional
and national Media contracts for League games.  "Media" means all means by which
information is published or communicated including,  without limitation,  radio,
television,  internet,  billboard,  electronic  transmission,   newspapers,  and
magazines. Owner agrees that for purposes of marketing,  advertising, and public
relations of WPHLI and WPHLI Products,  WPHLI may make, publish,  reproduce, and
distribute  photographs,  video, and other Media images of Owner,  Owner's Team,
the Home Arena,  the Players,  and the Owner's  employees  and grants WPHLI sole
full  rights to make,  use,  reproduce,  distribute,  sell,  publish,  and fully
exploit  in good  taste  photographs,  videos  and other  Media,  whether or not
currently known or  contemplated,  utilizing the Team Name,  Team Indicia,  Home
Arena,  Owner,  employees,  players and customers of Owner,  on an individual or

                                       22
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
collective  basis at no cost to WPHLI.  Owner  will do  whatever  is  reasonably
needed  or  useful  for WPHLI to fully use or  commercialize  same.  Owner  will
reserve  and make  available  to WPHLI a current  or future  inventory  of arena
advertising  locations and Media as described in the Governing Documents.  WPHLI
negotiated national and regional Media agreements may require display and use of
particular  signs,  Media,  events,  etc.,  during League games, and Owner shall
comply with same. WPHLI may require Owner or any Association to create and place
its local or  Association  advertising  through a WPHLI owned or approved  Media
agency and, in such event,  WPHLI may seek and retain the commission paid by the
advertising seller. Owner shall fully participate in and comply with, at Owner's
sole  expense,  all credit card,  coupon,  or similar  programs,  and  marketing
programs  WPHLI  deems  mandatory.  These  programs  may be  implemented  in the
Governing Documents.

          8.6.3.  MERCHANDIZING.  WPHLI  may  determine  that  merchandising  or
licensing using the Marks and the names, logos,  personalities,  photos, and the
like, of WPHLI's  teams  generally  will be done through one or more  collective
agreements which delegate some or all  merchandising or licensing through one or
more entities,  or the like,  which shall be standard  agreements for all League
teams generally.  Owner shall enter and comply with such agreements.  If WPHLI's
merchandising  agreements  produce net profits,  they shall be allocated between
WPHLI and participating teams according to formulae and procedures stated in the
Governing Documents.  WPHLI does not represent or promise that this program will
be continued or that its terms will remain constant.

          8.6.4. MARKETING. Owner will always announce that it is "independently
owned and operated" or some similar  statement  approved in writing by WPHLI and
prominently  display  a sign to this  effect  near any  Owner's  Team  facility,
including at the Home Arena's main entrance, and on all contracts, vehicles, and
documents.  Examples:  Owner  name  "Joe  Smith"  or  "Smith,  Inc.";  Team Name
"Grasshoppers,"  trade name at Home Arena  "Grasshoppers  Stadium";  letterhead,
sign at Home Arena main  entrance and  agreements  "Grasshoppers,  independently
owned and operated by Smith, Inc." or "Smith,  Inc. d/b/a  Grasshoppers."  Owner
will use only Owner's Team Indicia in  connection  with Owner's Team and not use
same except as permitted  in the  Governing  Documents.  Except for Owner's Team
Name and such Marks as Owner  develops for Owner's Team,  Owner will not use any
part of the  Marks as part of  Owner's  corporate  name or trade  name or in any
other manner nor make any representations about any part of the System except as
shown in the System's stock advertising or with WPHLI's express written consent.
The Governing Documents may implement advertising and marketing restrictions and
approval  processes.  The  Governing  Documents may  implement  advertising  and
marketing  restrictions and approval processes.  If a League exclusive agreement
is entered  with an  advertiser  for a line of goods or  services,  for example,
without  limitation,  an official  league beer, tax preparation  service,  etc.,
Owner  and  Owner's  Team  will  honor the  agreement's  exclusive  scope by not
advertising  competitors'  goods and services for the duration of the agreement.
Owner's own name or Team Name must be on all  licenses,  permits,  tax  returns,
stationary,  business  cards,  invoices,  agreements,  etc.  Owner will seek and
obtain  WPHLI's  written  approval  for any  Team  Indicia,  including,  without
limitation,  marks, mascots,  uniforms, logos, designs, domain name, symbols, or
other indicia prior to commercial production or public distribution. Owner's own
name or Team Name must be on all  licenses,  permits,  tax returns,  stationary,
business cards,  invoices,  agreements,  etc. Owner will seek and obtain WPHLI's
written approval for any Team Indicia,  including,  without  limitation,  marks,
mascots,  uniforms, logos, designs, domain name, symbols, or other indicia prior

                                       23
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
to  commercial  production or public  distribution.  WPHLI may use the System to
sell other products or services and may establish or license  different  systems
without  providing  Owner any rights  thereto.  Owner shall promptly comply with
WPHLI's  directives  concerning  telephone  service,  listings  and  advertising
including, without limitation, assigning to WPHLI, upon WPHLI's written request,
any telephone number owned by Owner, and, any telephone number of its Associated
Persons if same is identified by any of the System's  Marks or used for purposes
relevant to System or Team  business.  WPHLI may change the  System,  including,
without  limitation,  its  Marks,  Products,  and  Proprietary  Information,  by
amending  the  Governing  Documents  except  that  amendments  to the  Governing
Documents  which are contrary to this  Agreement  are  ineffective.  Owner shall
adopt same at Owner's sole  expense.  Owner's Team Indicia and any  intellectual
property,  including,  without limitation,  copyrights,  marks, ideas, goodwill,
proprietary  information,  etc.,  are  assigned to and solely owned by WPHLI and
non-exclusively  licensed  to WPHLI to Owner for use with  Owner's  Team for the
duration of this  Agreement.  Owner shall  obtain and  maintain  such  trademark
registrations  and assumed  name  registrations  for all Marks  associated  with
Owner's  Team as the  Governing  Documents  require  or,  at  WPHLI's  election,
reimburse  WPHLI  for  WPHLI's  cost of same.  There  shall  not  appear  in any
advertising or directory  listings for Owner's Team any telephone  numbers other
than telephone numbers identified by Owner's name or Owner's Team Name.

          8.6.5.  ENFORCEMENT.  Owner will  immediately  actively  assist  WPHLI
assert,  prosecute or defend WPHLI's claimed rights in the System,  permit WPHLI
to  control  any  litigation  or  proceeding  thereon,  not take any  action  in
derogation  thereof,  immediately report to WPHLI any infringements  thereof and
cooperate fully and execute any papers useful to accomplish these purposes,  all
at Owner's  sole  expense.  Owner has no right to make any  demands of any third
parties  due to the  third  party's  use of any of the  System  or  Marks  or to
prosecute any such claims. Any use of the Owner's Team Indicia or Marks by Owner
outside the scope of this Agreement infringes WPHLI's rights.  Owner agrees that
during and after the term of this Agreement,  the System's intellectual property
as same is  described  herein  is  exclusively  owned by  WPHLI,  is  valid  and
enforceable,  and Owner will never use or infringe same anywhere without WPHLI's
written  consent,  and never contest or assist anyone else contest sch exclusive
ownership,  validity or  enforceability  in any forum.  The appearance,  design,
layout,  and decoration of Owner's  Team's  uniforms,  team color  combinations,
symbols,  arena design and indicia belong  exclusively to WPHLI, even if changed
from that prescribed by WPHLI.  Owner has  investigated  Owner's full trade area
and  verified  that none of the Marks are being used  there by third  parties in
ways which conflict with Owner's proposed use.

9. RELATIONSHIP.

     9.1.  INDEPENDENT  BUSINESS.   Owner  is  an  independent  business  solely
responsible  for  its  own  management,  operations,  procurement,  maintenance,
facilities,  equipment,  supplies and waste. Owner is solely responsible for the
selection, retention, performance,  nonperformance, hiring, firing, supervision,
and  evaluation  of its  personnel  and may  not  rely  on  WPHLI's  suggestion,
evaluation or approval of such persons.  WPHLI is in no way  responsible for the
selection of or the performance, nonperformance, honesty or any other quality of
Owner's  personnel.  WPHLI's  duty  concerning  persons  approved,  trained,  or
certified by it, if any, solely comprises having offered them certain identified
training  materials  and  experiences,  and no more.  Owner will rely on its own
independent judgment concerning personnel,  day to day operations and compliance
with all laws, safety standards and practices and not on WPHLI. This Agreement's
standards and restrictions  relate solely to the parties' rights with respect to

                                       24
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
each other and do not control Owner's actions with respect to Owner's customers,
employees or other third parties.  The  responsibility  and authority of WPHLI's
personnel and advisors with respect to Owner is always limited to giving general
advice to Owner concerning the System's standards. WPHLI never has any authority
or power to  instruct  Owner's  employees  to do or not do  anything.  Owner has
exclusive  authority  to instruct  his  employees  and sole  responsibility  for
Owner's Team and its operations.  An exception to every Owner's duty to WPHLI is
Owner's  superior  obligation to do all things necessary for public and employee
safety and to comply with all  applicable  laws.  However,  for Owner to rely on
this exemption,  Owner must specifically  point out any such problem to WPHLI in
writing,  expressly  citing this clause,  as soon as the problem is apparent and
before taking any action thereon,  unless time  constraints  preclude such prior
written notice, in which case Owner shall inform WPHLI in writing of the problem
and Owner's action in response thereto as soon thereafter as possible.  If WPHLI
disagrees with Owner's  assessment of the problem or believes the problem should
be dealt  with in some  other  fashion,  WPHLI may  submit  the  dispute to this
Agreement's  dispute  resolution  process.  Nothing  contained  herein  shall be
construed  to give WPHLI or any  combination  of  entities  the right to control
Owner's  prices,  except that the  Governing  Documents may set  guidelines  for
ticket prices for League games,  with which Owner will comply,  subject to Owner
requesting  and obtaining  WPHLI's  written  waiver or any applicable law to the
contrary. Owner agrees to otherwise always independently set Owner's own prices.
This  Agreement  does not  create  an  agency,  partnership,  joint  venture  or
fiduciary  relationship between WPHLI and Owner. Owner will not represent itself
as a partner,  or employee of WPHLI and will make no promises or representations
concerning  WPHLI.  WPHLI is not  liable  under  any  circumstance  for any act,
omission, contract, debt or any other obligation of Owner.

     9.2.  PROPRIETARY  INFORMATION.  "Proprietary  Information"  comprises  all
information  WPHLI discloses to Owner or Owner creates or obtains due to Owner's
participation in use of the System or Owner's  relationship  with WPHLI or other
System  participants,  including,  without  limitation,  the System's  Governing
Documents,  training manual,  existing or potential  Players,  staff,  products,
suppliers,  customers, owners, technology,  methods,  operations,  know-how, and
updates and changes to any of same except to the limited extent Owner shows same
have  entered the public  domain.  Owner  expressly  agrees  Owner will  receive
specialized training and Proprietary Information pursuant to this Agreement. Any
use, disclosure, copying or appropriation of Proprietary Information or any part
of the System for any purpose  not  expressly  permitted  herein  breaches  this
Agreement  and causes  immediate,  great and  irreparable  injury to the System,
WPHLI and other owners.  Owner, its successors and assigns,  all persons signing
with or for Owner, its Governors, officers, directors,  shareholders,  partners,
limited  partners,  holders of a five  percent or  greater  legal or  beneficial
interest in Owner,  and those of its employees and agents who have access to any
Proprietary Information  (collectively "Associated Persons") have a confidential
relationship  with  WPHLI  and  fiduciary  duty  to  WPHLI  concerning   WPHLI's
Proprietary  Information.  Proprietary  Information and all documents containing
the same always belong solely to WPHLI and will not be used,  disclosed,  copied
or appropriated  during or after the duration of this Agreement  without WPHLI's
prior written  consent.  Owner will maintain the Proprietary  Information in the
strictest  confidence,  not permit any part of it to be reproduced,  comply with
any  confidentiality  program  implemented  in the Governing  Documents  and, at
WPHLI's request, require all Associated Persons and all employees and agents, to
sign  confidentiality  and  non-competition  agreements on WPHLI's  then-current
standard forms and forward  duplicate  executed  originals thereof to WPHLI. Any
document  received  from WPHLI  bearing  any of the Marks is and always  remains

                                       25
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
WPHLI's sole property and will not be used,  disclosed,  copied or  appropriated
without WPHLI's prior written  consent.  On termination,  Owner will immediately
deliver to WPHLI all  originals,  copies and  derivative  works of the Governing
Documents and other materials containing any Proprietary  Information or bearing
any of the Marks and not retain any such  items  with the  exception  of Owner's
copy of this Agreement and documents  Owner needs to comply with applicable law.
Proprietary  Information comprised of a collection of information is only deemed
to be in the public domain if the complete collection of information is found as
a whole in the public domain. If the information is available to the public, but
only in different  fragments,  then the  collection of information is not in the
public domain. WPHLI has no adequate remedy at law in the event of any breach or
threatened  breach by Owner or its  Associated  Persons of this Agreement or any
confidentiality  or non-competition  agreement or any confidential  relationship
concerning  Proprietary  Information,  and is entitled,  without  showing actual
damages or placing any bond, and in addition to other remedies,  to an immediate
injunction  prohibiting any conduct in violation thereof.  Owner guarantees that
its Associated Persons, employees, and agents shall comply with their agreements
with WPHLI.

     9.3. BUSINESS RESTRICTIONS.  Because of the personal confidence of WPHLI in
Owner and its Associated Persons,  the training,  investments and disclosures of
WPHLI,  and the need for Owner and its  Associated  Persons to devote their full
attention to the System,  certain  restrictions are necessary to induce WPHLI to
enter this Agreement.  Owner and its Associated  Persons will promptly and fully
disclose to WPHLI all  business and  marketing  information  and  contacts  with
existing or potential team owners,  suppliers,  distributors or competitors that
are  relevant to the System and will,  for the  duration of this  Agreement  and
three years after its termination: not have a direct or indirect interest in any
capacity  (i.e.,  as  an  officer,  director,  partner,  investor,  shareholder,
employee,  agent,  lender guarantor,  creditor,  supplier,  landlord,  lessor or
otherwise) in any nearly identical,  competitive, or similar business located or
operating in whole or part within the  Protected  Territory,  a one hundred mile
radius from  Owner's  Home Arena,  the state where  Owner's Home Arena is or was
located,  within any other System  Owner's  protected  territory,  or within any
state a System team or arena is  operating  or Owner has reason to believe  will
begin  operating  within  one year from  termination  of this  Agreement;  which
business is likely to compete,  directly or indirectly,  with any System team or
arena or which looks like or imitates any part of the System; not employ or seek
to employ  any  person  who is or has been  employed  by WPHLI,  any of  WPHLI's
affiliates,  or a System  team or arena  during the  preceding  six  months,  or
otherwise,  directly  or  indirectly,  induce any such  persons  to leave  their
employment therewith;  not have a direct or indirect interest in any entity with
whom they know or have reason to know WPHLI was, is, or will be  negotiating  to
sell or license any System right;  and not divert or attempt to divert any sales
or customers from WPHLI or any System team or arena,  or do any act injurious to
the System's  goodwill.  These promises  expressly survive  expiration,  ending,
assignment,  Transfer and any change in this Agreement. The duration of any time
limited restraint on Owner's post termination  activities will be extended for a
period of time equal to Owner's breach of the restraint. Owner acknowledges that
because  of the  unique  nature  and  valuable  nature  of the  System  and  its
reputation,  including related  proprietary  rights and Owner's knowledge of and
association  and  experience  with the System,  the  provisions of this part are
reasonable and commensurate for protection of the legitimate  business interests
of WPHLI,  its affiliates and licensees.  This part is independent from the rest
of this  Agreement.  Owner  waives any claim or cause of action  relating to any
other part of this  Agreement as comprising  any defense to  enforcement of this
part.  If any time period,  geographic  area or other  provision of this part is

                                       26
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
held invalid or  unenforceable  as to Owner,  it shall be deemed reformed to the
limited extent necessary to make such provision enforceable.

     9.4.  INTELLECTUAL   PROPERTY.   Owner  will  promptly  make  full  written
disclosure to WPHLI of all changes,  developments  and  improvements  reasonably
related to the System,  and hereby assigns them to WPHLI if made during the life
of this  Agreement or within one year of this Agreement  ending.  All intangible
rights  and  goodwill  created  for or by use with the  System or  Owner's  Team
including,  without  limitation,  Owner's own marks,  trade names,  trade dress,
personalities,  copyrightable  works, etc. are always fully assigned by Owner to
WPHLI and belong solely to WPHLI. Owner will additionally  execute any documents
WPHLI deems useful to confirm any of the above and place  WPHLI's  copyright and
other  proprietary  notices on all such works and copies of the same. At WPHLI's
request,  Owner will require  Owner's  Management  personnel  to sign  covenants
similar to Owners'  covenants in this Agreement in a form satisfactory to WPHLI.
Owner  agrees  that all System,  team,  arena,  player,  customer  and  supplier
information,  records and agreements  which are related to use of the System are
part of the  System,  owned  by  WPHLI  and  shall  not be used by  Owner  after
termination.  If this Agreement is terminated,  Owner may continue to personally
use  intangible  improvements  made by Owner  provided  Owner does not represent
thereby  that  Owner is  associated  with the System or  violate  Owner's  other
obligations to WPHLI. If Owner's intangible  improvements are valuable enough to
cause  additional  distinct  fees to be paid to  WPHLI by  third  parties  for a
license thereto,  WPHLI may apportion one half of such additional fees to Owner.
WPHLI may implement  rules  concerning and restricting  non-local  marketing and
sales methods such as internet sales in its Governing Documents.

10. RENEWAL, TRANSFER AND TERMINATION

     10.1.  PRE-OPENING   CANCELLATION.   Until  the  later  of  Owner  becoming
enforceably  bound to an approved  Arena  Contract and thirty days after Owner's
Management Personnel successfully completing initial training, WPHLI may, in its
sole  discretion,  determine  that the  relationship  it  desires  with Owner is
unlikely to develop and lawfully cancel this Agreement and all other  agreements
with  Owner and be  relieved  of all duties to Owner by  returning  to Owner the
Initial Fee paid by Owner to WPHLI  pursuant  to this  Agreement,  less  WPHLI's
out-of-pocket  expenses incurred due to this Agreement.  Owner shall be entitled
to no  remedies  under any causes of action  other than refund of monies paid to
WPHLI less WPHLI's  expenses as described  herein.  In the event of  pre-opening
cancellation,  Owner shall return to WPHLI all materials received from WPHLI and
all  copies  thereof,  and  not  use  or  disclose  any of  WPHLI's  Proprietary
Information, all upon the terms set forth herein.

     10.2.  RENEWAL.  If Owner is in full compliance with this Agreement and has
not committed any  Exceptional  Breaches at any time (other than defaults  which
have been waived in writing by WPHLI),  then Owner shall have the right to enter
into a new  license  agreement  with  WPHLI  for a  further  term  of ten  years
("Renewal  Term"),  commencing  immediately after expiration of this Agreement's
Initial  Term,  upon the  following  terms and  conditions:  Owner must  deliver
written notice to WPHLI of Owner's exercise of Owner's right of renewal not more
than eighteen  months nor less than twelve months prior to expiry of the Initial
Term;  Owner shall, no later than the first day of April of the last year of the
initial  term,  execute  WPHLI's then current form of license  agreement;  Owner
shall  concurrently  pay to WPHLI  twenty-five  percent of WPHLI's  then current
initial fee charged to new owners; Owner provides evidence satisfactory to WPHLI
that Owner is able to remain in  possession  of the Home  Arena  under the Arena

                                       27
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
Contract (or renewal or replacement  of the Arena  Contract) for the duration of
the Renewal Term on terms  satisfactory  to WPHLI.  If such Arena Contract terms
cannot be obtained,  then WPHLI and Owner will each use reasonable  best efforts
to relocate the Home Arena within the Protected  Territory,  at Owner's expense.
Renewal is subject to Owner,  at Owner's  sole  expense,  completing  to WPHLI's
satisfaction the remodeling,  re-equipping,  refurbishing, training, acquisition
of new or different Products,  signs,  equipment, or services, and other changes
required by WPHLI to bring Owner's  business into  compliance  with the System's
then current  standards  within six months of WPHLI's notice thereof and Owner's
continued  strict  compliance  with  this  Agreement  and  Governing   Documents
throughout the prior term. Failure to give proper notice of intent to renew is a
knowing waiver of any right to renew. The terms of the renewal  agreement may be
materially  different  than those  herein in all  respects,  including,  without
limitation,  additional and greater payments, royalties, and fees. Owner and all
of its  shareholders  and  partners  thereof must sign the new  agreement  and a
general  release of all claims  against  WPHLI and WPHLI's  personnel  to obtain
renewal.  Uncontested  operation  without a written  renewal  is under the terms
hereof and is  terminable  at will by either  party  upon  ninety  days  written
notice.

     10.3. OWNER'S COMPANY.

          10.3.1.  INCORPORATION.   Owner  may  incorporate,  create  a  limited
partnership or other limited liability organization (collectively "Company") if:
the Company's articles or other highest governing documents state that Company's
activities are confined exclusively to operating one or more licensed businesses
in accordance with this Agreement.  The Company shall not have more than fifteen
shareholders,  members or partners,  enter agreements  affecting  control of the
Company  or Owner or permit the number of  outstanding  shares to be  increased,
transferred,  impaired  or used as  collateral  without  WPHLI's  prior  written
consent.  Owner shall  deliver to WPHLI  updated  copies as changes occur in the
Company's articles,  by-laws, minutes,  amendments,  and the like, and documents
which identify the Company's  shareholders or partners,  shares owned,  officers
and directors.  WPHLI may condition its consent to  incorporation  on, or at any
time  require,  letters of credit,  personal  guarantees  and releases in a form
satisfactory to WPHLI of all owners,  partners,  and  shareholders for Company's
and Owner's performance hereof. In the event of a disagreement  between or among
the  principals,  officers,  or  stockholders  of Owner which, in the opinion of
WPHLI, may affect adversely the ownership, operation,  management,  business, or
interest  of Owner's  Team or WPHLI;  WPHLI may give  Owner a demand  that Owner
resolve the  disagreement to WPHLI's  satisfaction  within ninety days or suffer
same to be deemed a material breach by Owner.

          10.3.2.  TRANSFER.  A  material  part of the  consideration  hereof is
WPHLI's personal  confidence in Owner, the individuals and entities signing with
or for Owner, and the owners of interests in Owner. Neither Owner, nor any owner
of any  interest in Owner,  shall  directly or  indirectly  enter into any sale,
conveyance,  assignment,  sublicense,  division, delegation, pledge, succession,
gift,  encumbrance,  option agreement,  management,  change in voting control or
beneficial ownership, or operating agreement,  security agreement,  lien, or any
other act, by operation of law or otherwise,  which has or could have the effect
of changing any of the ownership,  management or control of Owner,  any interest
in Owner, any part of the franchised  business or any right or duty hereunder or
any  substantial  part of  Owner's  assets  (collectively,  "Transfer")  without
WPHLI's prior written  consent.  WPHLI has the right to disapprove any person or
entity that would acquire any part of legal or effective control of Owner or any
interest in Owner.  Any interest in this  Agreement  is always  subject to these

                                       28
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
provisions. An attempted or effective unauthorized Transfer is voidable by WPHLI
and comprises a general  release of all claims  against WPHLI,  its  affiliates,
officers,  directors,  employees  and  agents  and a breach  of this  Agreement.
WPHLI's  consent to any Transfer shall not constitute a waiver or release of any
claim,  demand,  guaranteed  action,  or cause of  action  which  WPHLI may have
through the date of Transfer.

          10.3.3.  CONDITIONS OF TRANSFER.  The following conditions must be met
before  Owner or any owner of any  interest in Owner  enters any  Transfer:  (1)
Owner gives sixty days prior written  notice  thereof to WPHLI.  The notice must
identify what is to be  transferred,  the proposed  transferee and all terms and
conditions  thereof.  WPHLI has an irrevocable  right of first refusal for sixty
days to itself  enter the proposed  agreement on like terms or their  reasonable
equivalent in cash.  Any material  change in the terms of any offer  comprises a
new offer subject to WPHLI's right of first refusal.  WPHLI may require  deposit
by the proposed transferee of ten percent of the total proposed consideration in
WPHLI's escrow account during the sixty day period to insure bona fideness.  (2)
Owner obtains WPHLI's written approval of the proposed transferees or successors
(approval  contingent  on the  transferee  personally  meeting with WPHLI at its
Headquarters,  satisfying high financial,  business  reputation,  credit rating,
ability and ethical standards, receipt of all normally required transferee data,
meeting WPHLI's then current criteria for new owners and WPHLI  determining,  in
WPHLI's subjective opinion, which may be unreasonably and arbitrarily exercised,
that the proposed transferee is suitable, and providing WPHLI adequate assurance
that the transferee will likely successfully operate the franchised business and
agreeing to, paying for, and  scheduling  training for the transferee to operate
the franchised  business);  (3) All of Owner's  obligations under this Agreement
and any  other  agreements  then in effect  between  WPHLI and Owner are in good
standing. Owner pays all amounts then due to WPHLI and fully prepay all notes or
other  agreements  to pay monies over time to WPHLI,  entities  associated  with
WPHLI,  entities  to which  WPHLI has  guaranteed  payment by Owner,  all System
Associations and all advertising obligations related to the franchised business;
(4) Owner and transferee execute WPHLI's then current form of assignment of this
Agreement.  Additionally,  all  legal  and  beneficial  shareholders,  partners,
members,  directors and officers of the transferee  shall execute and deliver to
WPHLI  WPHLI's  then current  form of  guarantee  of all  obligations  which the
transferee  will have to WPHLI. A general release of all claims by Owner against
WPHLI,  its  affiliates,  officers,  directors,  employees  and agents in a form
satisfactory to WPHLI and guarantee transferee's  performance for a period equal
to the remaining term of this Agreement; and (5) The transferee executes WPHLI's
then current franchise  agreement for the remainder of this Agreement's term and
renewals,  which  agreement may be  materially  different  than this  Agreement,
including, without limitation,  additional and greater payments, royalties, fees
and contributions, and WPHLI's other then current standard ancillary agreements,
assumption  by the  transferee  of all of  Owner's  liabilities  related to this
Agreement on forms  satisfactory to WPHLI and agreement by transferee to upgrade
the franchised business to WPHLI's then current standards and to have transferee
and transferee's  proposed management  personnel complete any training WPHLI may
require to WPHLI's  satisfaction  and at  transferee's  sole expense.  (6) Owner
provides evidence  sufficient to WPHLI that the assignee or transferee has taken
an  assignment  of the  Arena  Contract  or that  the  Arena  Contract  has been
terminated and the proposed  assignee or transferee has entered into a new Arena
Contract for the Home Arena,  for a term at least equal to the  remainder of the
Term (with an option to renew for a renewal  term equal to the Renewal  Term) or
exercised  Renewal  Term,  as the case may be,  and  further,  the  assignee  or
transferee,  and the Home  Arena  landlord  executes  the  Governing  Document's
then-current form Lease Rider for the Arena Contract.  If the Transfer effects a

                                       29
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
change in control of Owner relative to Owner's  original  controlling  entity or
most recent approved  controlling  entity, then WPHLI's approval of the Transfer
may be  conditioned  upon  Owner  entering  into  WPHLI's  then-current  License
Agreement with a new ten-year  Initial Term, the new Initial Term beginning upon
the new License Agreement becoming effective.

          10.3.4.  DEATH OR INCAPACITY.  In the event of the death or incapacity
of Owner or any person with an interest in Owner (a "Triggering Event"), Owner's
Team shall  immediately  notify  WPHLI of same and  provide  evidence to WPHLI's
satisfaction  that Owner's Team is  continuing to be managed as required by this
Agreement.  Failure to  continually  provide  such  notice and  management  is a
material  breach  justifying  termination  for  cause.  Within  one  year of the
Triggering Event, the executor, administrator or personal representative of such
person  shall  transfer  the subject  interest in Owner's  Team to a third party
approved by WPHLI.  Any such  Transfer is subject to the same  conditions as any
inter vivos Transfer  except that if the transferee is a member of such person's
immediate family, then no Transfer restrictions apply except that the transferee
must execute WPHLI's then current agreement for this Agreement's remaining term,
attend and complete  System  training to WPHLI's  satisfaction,  and ensure that
qualified  Owner's   Management   Personnel  actively  manage  Owner's  Team  in
compliance  with this  Agreement.  WPHLI may  terminate  this  Agreement  if the
interest is not timely disposed.  10.3.5. OFFERINGS BY OWNER. Owner shall submit
all  proposed  advertisements  for the sale of  Owner's  Team to WPHLI for prior
written  approval.  Owner may make public or private  offerings of securities or
partnership  interests  only with WPHLI's prior written  approval,  which may be
denied at WPHLI's  discretion.  The offering  shall not imply,  by using WPHLI's
marks or otherwise, that WPHLI is participating in any way with the offering and
shall make  clear that  WPHLI's  review is  limited  solely to the  relationship
between WPHLI and Owner.  Owner shall submit to WPHLI all materials required for
the offering, whether the same are submitted to governmental authorities or not,
at least sixty days prior to use or filing,  and pay WPHLI a non-refundable  fee
to reimburse WPHLI for its costs and expenses,  including,  without  limitation,
legal and accounting fees, associated with the proposed offering.

          10.3.6.  ENCUMBRANCES.  Notwithstanding  any other  provision  of this
Agreement, Owner shall not pledge, encumber,  hypothecate, or otherwise give any
third party a security  interest  in this  Agreement  in any manner  whatsoever,
shall not  grant,  issue or allow  any  lien,  execution  or  security  interest
whatsoever over any of Owner's tangible or intangible assets, including, without
limitation, machinery, equipment, fixtures, furnishings, leasehold improvements,
supplies,  Team Indicia,  intellectual  property,  Arena Contract,  etc. without
WPHLI's prior written  consent,  which  consent may be  arbitrarily  withheld by
WPHLI.  WPHLI shall not,  however,  unreasonably  withhold  its consent to Owner
granting  such a security  interest to a financial  institution  as security for
moneys  to be  advanced  to Owner for use  exclusively  in  connection  with the
operation of Owner's Team.  Owner will not grant any ownership right in or allow
any lien,  security  interest or other encumbrance to be placed against any part
or parts of the  Symbols  without  the prior  written  consent  of WPHLI,  which
consent may be withheld  arbitrarily.  Upon written request of and at the option
of WPHLI,  Owner will exclusively  license,  at no cost to the WPHLI, all or any
part or parts of Owner's right, title and interest in and to the Symbols and any
other intellectual  property relating to Owner's Team to WPHLI or to a licensing
company  ("Licensing  Company")  which WPHLI may  incorporate  for the principal
purpose of holding and managing  intellectual property of League teams and WPHLI
System licensees.  Owner agrees to enter into a written licensing agreement with

                                       30
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
WPHLI  or  Licensing  Company,  as the  case  may be,  which  will  provide  for
distribution of profits (or losses)  resulting from any  merchandising  programs
that WPHLI or Licensing Company, as the case may be, may develop.

          10.4. BREACH.

          10.4.1. THIRTY-DAY CURE. Maintaining the System's standards, goodwill,
Marks,  and  Proprietary  Information  is  essential  for  continued  growth and
profitability of the System,  protection of other System Owners, and meeting the
public's  expectations of the System. The terms of this Agreement are reasonable
and essential to preserve the interests of all concerned. Upon Owner's breach of
this  Agreement,  WPHLI may  pursue  any  remedy  for same,  including,  without
limitation or election of remedies,  termination of this Agreement by delivering
notice of  termination to Owner,  subject to Owner's  opportunity to cure as set
forth  herein,  if any.  Such  termination  is deemed  to be for good  cause and
effective upon the date stated in the notice and according to its terms,  unless
Owner timely cures the breach within the stated cure period or becomes  entitled
to an extended  cure period and timely cures  within the  extended  cure period.
Upon  Owner's  breach,  WPHLI  may  deliver  a notice  of  intent  to  terminate
specifying  the breach and a date at least  thirty days hence by which Owner may
avoid termination by curing the breach to WPHLI's  satisfaction  which notice of
intent to  terminate  shall become  effective  without  further  notice to Owner
according  to its terms if Owner  does not  timely  fully  comply  with the cure
conditions.  If the nature of the breach is such that it cannot be cured  within
the cure period,  and Owner  promptly  takes  diligent  steps to cure the breach
immediately upon receiving such notice, promptly informs WPHLI in writing of the
steps Owner is taking to cure the breach,  and  diligently  continues  to do so,
then,  subject to WPHLI's  consent,  Owner shall have such additional  period of
time as is reasonably  necessary to cure the breach,  not to exceed ninety days.
Curing a breach includes at least fully  remedying the breach,  taking all steps
needed to prevent  the breach  from  occurring  again,  providing  unconditional
written  assurance  to WPHLI that the breach  will not be  repeated,  and paying
WPHLI and all other non-defaulting entities adversely affected by Owner's breach
all of their damages and attorney's  fees caused by the breach,  if any. None of
the  foregoing  prevents a party  from  recovering  damages  or other  relief or
exercising any other remedy available to it, in law or equity,  as determined by
this Agreement's dispute resolution process.

          10.4.2.  TEN-DAY  CURE. An express  exception to all other  procedures
stated herein is that the non-extendable  cure period for the following breaches
is ten days from  notice:  (i)  failure to timely  pay  Owner's  obligations  to
Owner's Players, landlords, suppliers, taxing authorities,  insurers, and WPHLI;
and (ii) breach of any other agreement between Owner and WPHLI or any Affiliated
Entity.

          10.4.3.   EXCEPTIONAL  BREACHES.   Exceptional  Breaches  are  express
exceptions  to  all  other  procedures  stated  herein.  WPHLI  may  immediately
terminate  this  Agreement due to  Exceptional  Breaches by  delivering  written
notice of termination to Owner without notice or opportunity to cure  specifying
the  defaults,  unless  WPHLI  elects to state a cure period in the notice.  The
following are "Exceptional  Breaches:" Owner becomes  Insolvent;  Owner serially
breaches this  Agreement  three or more times in any twelve month period;  Owner
receives written notice of breach from WPHLI concerning two breaches,  and Owner
again commits at least one of the same breaches within the twelve month period.

     10.5. POST-AGREEMENT DUTIES.

                                       31
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
          10.5.1. GENERALLY. Upon this Agreement's expiration without renewal or
termination by either party, or it otherwise ending,  Owner will assist WPHLI in
either amicably winding up Owner's business conducted pursuant to this Agreement
or  transferring  same to another at WPHLI's  election,  including  signing  all
documents  presented  to  Owner by  WPHLI  which  are  reasonably  necessary  or
convenient for such purposes.  Additionally, If Owner has any leases, subleases,
or other  ongoing  agreements  with WPHLI,  WPHLI may  lawfully  terminate  them
without any obligation to Owner, any parties hereto, or any third parties. Owner
will  immediately  pay WPHLI all  monies  then due to WPHLI,  including  without
limitation,  Franchise Fees and Advertising Contributions,  and fully prepay any
notes or other agreements to pay monies over time to WPHLI,  entities which have
a controlling interest in WPHLI or in which WPHLI has a controlling interest, or
to which  WPHLI has  guaranteed  payment by Owner,  irrespective  of other terms
concerning time of payment stated anywhere in any document.  If after expiration
without renewal,  termination or other ending of this Agreement,  Owner fails or
refuses to comply  with any of the  requirements  of this  Agreement,  including
without limitation,  Owner's continuing obligations, Owner shall reimburse WPHLI
for all costs and expenses,  including attorneys' fees, incurred by WPHLI due to
Owner's  noncompliance,  including any legal action taken to enforce compliance.
If Owner  continues to operate the business after  termination,  Owner shall pay
all monies to WPHLI  which would have been due if this  Agreement  were still in
effect,   WPHLI's  acceptance  of  such  payments  not  comprising  any  waiver,
ratification, release or the like. If this Agreement is wrongfully terminated by
Owner or lawfully  terminated by WPHLI due to Owner's  breach,  then Owner shall
pay  WPHLI  as  agreed  liquidated  damages,  one-half  of the  Franchise  Fees,
Advertising Contributions and other monies Owner would have likely paid to WPHLI
if Owner had fully  complied  with this  Agreement  through  the end of its term
(Owner's full payment obligations to WPHLI during the last full calendar year of
Owner's  operations  prior to  termination  being  applied  to each of the years
remaining in this Agreement's term for calculation  purposes)  together with all
other damages, costs and expenses, including attorney's fees, incurred by WPHLI.
Termination  of any material  agreement  between  WPHLI and Owner due to Owner's
breach,  including,  without  limitation,  other franchise  agreements for other
teams,  is, at WPHLI's option,  good cause for WPHLI lawfully  terminating  this
Agreement  and any or all of any other  agreements  WPHLI  may have  with  Owner
without  any  liability  by WPHLI to Owner,  any  parties  hereto,  or any third
parties.

          10.5.2.  TEAM ASSETS.  Three months prior to this Agreement ending due
to its expiration,  unless the Agreement has been renewed,  or immediately  upon
receipt of any notice of  termination  or intent to terminate  Owner will supply
WPHLI with copies and lists of all  tangible  and  intangible  rights and assets
related in any way to operation  of Owner's  Team and Owner's  Team's use of the
Home Arena, specifically including,  without limitation,  all supplier,  vendor,
lease, insurance,  marketing, internet, customer, employee and other agreements,
address lists, season ticket holder and customer lists, site leases,  equipment,
inventory,  equipment, fixtures, supplies,  furnishings, books, past and current
tax returns,  real and personal  property,  indoor and outdoor signs,  telephone
listings,  and any and all other tangible and intangible  rights and assets (all
collectively  "Property").  WPHLI may, at its sole option,  immediately  acquire
any,  some, or all of the Property  until ninety days after Owner supplies WPHLI
with a  complete  set  of  such  copies  and  lists,  together  with  sufficient
information for WPHLI to calculate the value and  acquisition  price of all such
items.  Effective upon WPHLI giving Owner notice of such  acquisitions  as WPHLI
chooses  to make,  same,  all,  or none  made  severally  or as a  group,  Owner
immediately ceases to have any rights in the acquired  Properties other than for
compensation as stated herein.  Such  acquisitions  immediately  vest all legal,
equitable,  and beneficial title and rights to the acquired Properties solely in

                                       32
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
WPHLI, free and clear of any lien, charge, encumbrance, security interest or the
like  not  previously  approved  by  WPHLI.  Owner  will  immediately  sign  any
assignments or other documents  presented by WPHLI which WPHLI deems  convenient
to giving full useful effect and benefit to these transfers and will immediately
assist and permit the acquired Properties to be immediately  occupied or removed
as directed by WPHLI. If no price is agreed on for an acquired Property then its
price shall be the lower of (a) if its value is listed in Owner's federal income
tax returns,  the lesser of the depreciated  value shown on Owner's last federal
income tax return,  or cost less straight line depreciation over its useful life
for a period of no more than five years without any  allowances as determined by
an  independent  appraiser  selected by WPHLI or, (b) if it is rented or leased,
assumption of payment obligations for possession  subsequent to the acquisition,
(c) if an agreement for future  performance,  possession  or use,  assumption of
payment  obligations  for future  receipt  of  performance,  possession,  or use
subsequent  to  the  acquisition;  or (d)  if  inventory  or  supplies  used  in
connection  with  Owner's  Team a  price  equal  to  fifty  percent  of  Owner's
originally  invoiced  cost  thereof  if  acquired  by WPHLI  within  one year of
delivery of same to Owner, twenty-five percent of the originally-invoiced  price
if acquired by WPHLI within the two years of delivery to Owner,  and ten percent
if acquired by WPHLI thereafter.  If none of the above price setting  mechanisms
are applicable,  then the price shall be based on orderly  liquidation value and
set by an independent  appraiser selected according to this Agreement's  dispute
resolution  process.  No value shall be attributed to goodwill,  WPHLI's  Marks,
agreements  with WPHLI,  value as a going  business,  equity,  or any intangible
addresses or other communications, numbers, or addresses used in connection with
Owner's Team, value. As between WPHLI and Owner, WPHLI shall never be liable for
any of  Owner's  liabilities  except  future  use-based  obligations  for  lease
agreements  which WPHLI  acquires,  even if WPHLI acquires the entire  business.
WPHLI  shall  begin to pay the  acquisition  prices  ninety days after each such
acquisition  right or item is fully delivered by Owner to WPHLI for WPHLI's sole
full use, possession,  and benefit.  Payment of the purchase price shall be made
by WPHLI to Owner in twenty-four equal  consecutive  monthly  installments,  the
beginning  payment  date being  thirty  days after  Owner and WPHLI agree upon a
price as set forth herein or thirty days after the price is  determined  by this
Agreement's  dispute resolution  process.  WPHLI may set off against such prices
any amounts due from Owner to WPHLI or to any Owner  creditor to which  creditor
WPHLI  applies  such funds or has paid any  obligation  of Owner.  All  accounts
payable  and  all  accounts  currently   receivable  of  Owner's  business  upon
termination  belong  solely to Owner.  If Owner is a  corporation,  company,  or
limited  partnership Owner and all shareholders,  members,  and partners thereof
are deemed to have granted  WPHLI an  irrevocable  option to purchase any or all
shares of Owner's issued or unissued  equity interest at par value, or the like,
for one year from the date of termination.

          10.5.3.  TELEPHONE AND INTERNET.  Rights to any domain name, telephone
numbers,  addresses,  or other  communications,  numbers,  or addresses  used in
connection  with Owner's Team, or the like,  which are used by Owner's Team from
time to time or are  associated  with  Owner's  Team are always held by Owner in
trust for WPHLI.  WPHLI may at any time require Owner to immediately  assign all
such  telephone  numbers,  etc.,  to WPHLI,  in which  event if Owner is in full
compliance with this Agreement,  WPHLI shall make use of same available to Owner
and Owner  shall pay WPHLI all  costs  associated  with the same.  Upon  Owner's
Material  Default,  or any notice of termination or any termination or ending of
this Agreement,  Owner hereby irrevocably  authorizes WPHLI to do whatever WPHLI
deems is  reasonably  necessary  (including  executing  documents in the name of
Owner) to transfer all rights to some,  any, all, or none of same to WPHLI or an

                                       33
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
assignee of WPHLI at WPHLI's  election.  If this  Agreement ends for any reason,
any or all telephone  numbers and internet  addresses,  and other  communication
addresses  associated with Owner's Team shall be deemed assigned to WPHLI or its
designee,  the assignment to be effective if and when WPHLI elects to accept the
assignments.  WPHLI's assumption of future payment  obligations will be the sole
payment therefore.  The telephone company, domain registrar, and any court shall
accept this  Agreement as  conclusive  proof of WPHLI's  exclusive  right to the
telephone  numbers  without any  interference  whatsoever.  Further,  Owner will
itself  execute  additional  similar  documents  if  the  telephone  company  so
requests.  No  interrupts  or operator  messages  will be required on  telephone
numbers  assigned to WPHLI.  WPHLI may elect to not acquire  any,  some,  or all
telephone  numbers,  and in such event,  Owner  shall  either  discontinue  such
numbers  or solely  pay for an  operator  interruption  service  for one year to
inform callers of Owner's  disassociation with WPHLI and of how to contact WPHLI
or other  System  teams for further  information.  The  telephone  company is an
intended  beneficiary  of these  provisions.  Owner  expressly  agrees that upon
termination,  WPHLI may immediately  take sole possession of Owner's offices and
facilities,  change any locks and  exclude  Owner  from  same,  subject to WPHLI
thereafter  timely  electing  in writing to acquire or not acquire any or all of
Owner's personal or real property.

          10.5.4. TRADEMARK DISCONTINUANCE. On termination or expiration of this
Agreement,  all rights granted to Owner hereunder immediately  terminate.  Owner
will immediately and permanently:  cease to represent itself as being associated
with WPHLI;  discontinue all use of the System, the Marks and any similar marks,
logos, or indicia,  WPHLI's copyrighted  materials and Proprietary  Information.
This  specifically  includes,  without  limitation,  immediately and permanently
ending  and  removing  or  modifying  signs,  exteriors,   interiors,  fixtures,
furniture,  equipment and operations  and  techniques to completely  distinguish
image, operations, services and goods from the System; causing Owner's governing
documents  and all  licenses,  permits and contracts to be amended to delete all
parts  of  the  Marks;  abiding  by  all  confidentiality,  non-competition  and
noninterference  covenants  with WPHLI,  end use of and  returning  to WPHLI all
materials  provided  by  WPHLI  such  as  advertising   materials  and  training
materials,  trade secrets,  and methods of operation.  WPHLI and its agents have
the right to  immediately  enter any premises  where the  licensed  business was
conducted,  without being guilty of trespass or any other tort,  ensure  Owner's
obligations  on  termination  are met and effect  the above at Owner's  expense.
Further, following expiration or earlier termination of this Agreement, if WPHLI
suffers  damages  because  Owner fails to  discontinue  forthwith its use of all
Marks and all copyrights,  trade secrets, systems, methods of operation,  format
and  goodwill  which are features of the WPHLI  System,  then in addition to any
other  remedy  provided in this  Agreement  or  available  to WPHLI at law or in
equity,  WPHLI  shall have the right to recover  damages  from Owner which arise
directly or indirectly from such failure to discontinue. Following expiration or
earlier termination of this Agreement,  WPHLI may execute in Owner's name and on
Owner's  behalf all  documents  necessary or  advisable  in WPHLI's  judgment to
terminate Owner's use of the Marks and WPHLI is hereby irrevocably  appointed as
Owner's  attorney to do so. Every power of attorney granted in this Agreement is
coupled with an interest,  shall continue unprovoked and may be exercised during
any subsequent  legal or other incapacity on Owner's part. Owner will ratify and
confirm in writing that any actions  taken by or on behalf of WPHLI in pursuance
of thereof are valid and effectual.

     10.6.  BUSINESS  CONTINUATION.  Owner  acknowledges  and  agrees  that in a
collective  enterprise such as a professional  athletic league that WPHLI, other
owners,  numerous  players,  suppliers,  vendors,  and fans are in an  extremely

                                       34
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
co-dependent  relationship,  the other  entities  and persons in the  collective
enterprise  being  dependent  upon Owner doing its agreed part.  Because of this
extreme  reliance,  the remedies needed upon any Owner's default in its promises
must be immediate and effective. In the event of WPHLI giving notice to Owner of
a breach of this  Agreement,  and in  addition to any other  remedies  specified
herein, including but not limited to termination, WPHLI may, without waiving any
claim for default and without  prior notice to Owner:  (a) Bring such action for
injunctive  or other  similar  relief to compel  Owner to  comply  with  Owner's
obligations;  (b) take  whatever  steps WPHLI deems  necessary  to cure  Owner's
defaults for the account of and on behalf of Owner,  enter any business premises
of Owner  without  being  liable to anyone  in any way for such  entry,  for the
purposes of securing  the return of WPHLI  property,  performing  or  compelling
performance of Owner's obligations and protecting WPHLI's rights upon expiration
or termination of this Agreement;  (d) take immediate  possession and control of
Owner's Team, offices,  facilities,  and related tangible and intangible assets.
Payment,  ownership,  allocation  and resolution of disputes of the same will be
determined  later,  in accordance  with this  Agreement,  and WPHLI shall not be
responsible  for any  misconduct  or negligence  pending  resolution of payment,
ownership,  allocation,  and resolution of disputes; (e) sell or lease or concur
in selling or leasing the undertakings, property and assets of Owner or any part
thereof;  (f) make any  arrangement  or compromise on Owner's behalf which WPHLI
believes  is  expedient;  (g) to the full  extent  permitted  by law carry on or
concur in carrying on the  operations  of Owner's  Team and employ such  agents,
attorneys,  accountants,  contractors,  employees and other persons WPHLI thinks
proper to repair or renew such of the assets of Owner as may be worn out or lost
or  otherwise  unserviceable,  and raise money on the assets of Owner and charge
the same at such rate or rates of  interest  and on such  terms as WPHLI  thinks
fit. To enable WPHLI to exercise the powers granted by this section,  at WPHIL's
election,  Owner hereby is deemed to have irrevocably  appointed WPHLI to be the
Owner's  attorney-in-fact for the purpose of exercising any or all of the powers
set forth in this section and executing any deed, conveyance,  transfer, bill of
sale  or any  other  instrument  necessary  to  effect  a sale,  arrangement  or
compromise.  The rights and powers conferred by this section  supplement and are
not in substitution  for any other rights WPHLI may from time to time have under
this Agreement or otherwise.  Owner will pay WPHLI full compensation for WPHLI's
costs,  efforts,  and services pursuant to this section.  In addition to WPHLI's
other  rights,  Owner  grants  WPHLI  the  right  to  take  possession  of and a
possessory lien for payment against Owner's assets until WPHLI is fully paid and
all of Owner's duties to WPHLI are fully  discharged.  Moneys  received by WPHLI
pursuant to this section shall be paid to Owner.  After  discharge of all rents,
taxes,  rates,  insurance  premiums and business  affecting Owner's Team and any
related  additional assets of Owner  compensation and reimbursement of WPHLI; in
keeping liens and charges on Owner's assets in good standing to pay any sums due
under this  Agreement,  in payment of any other amounts Owner is required to pay
in this Agreement, including to Owner's creditors in exercising its rights under
this  section,  WPHLI  shall not be deemed to waive any breach by Owner or incur
any liability to Owner or any other person.  In any  receivership  or bankruptcy
proceeding  brought by WPHLI,  Owner is deemed to have consented to the receiver
of WPHLI's  choice.  Owner agrees these terms are  necessary  and  reasonable to
protect WPHLI, the System and other owners and expressly agrees monetary damages
would be inadequate to compensate WPHLI for any breach of this Agreement.  Owner
agrees and  acknowledges  that any such  violation or threatened  violation will
cause  irreparable  injury to WPHLI and that, in addition to any other  remedies
that may be  available  in law,  in equity or  otherwise,  WPHLI is  entitled to
injunctive  relief,  without  bond  or  other  security,   against  the  breach,
threatened  breach,  or the  continuation  of breach,  without the  necessity of
proving actual damages.

                                       35
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
     10.7.  INSOLVENCY.  Owner is in default  and all rights  granted  herein to
Owner  automatically   terminate  without  notice  to  Owner  if  Owner  becomes
"Insolvent",   defined  as  any  of:  voluntarily   suspending  normal  business
operations,  or becoming unable to pay debts as they mature;  failing to pay all
debts as they come due; Owner is adjudicated bankrupt or insolvent;  a receiver,
trustee in bankruptcy,  or other custodian (permanent or temporary) is appointed
to take charge of any part of Owner's affairs,  assets or property,  or any part
thereof is appointed by any court; proceedings for a composition of creditors is
instituted by or against Owner and is not dismissed within ten days; Owner makes
a general  assignment for the benefit of creditors;  a petition of bankruptcy is
filed by Owner;  a petition  in  bankruptcy  is filed  against  Owner and is not
dismissed  within ten days; a final judgment  against Owner remains  unsatisfied
for  thirty  days  (unless a  supersedeas  bond is filed);  Owner is  dissolved;
execution  is levied  against any  Owner's  property  or  business;  any suit to
foreclose  any  lien or  mortgage  against  the  premises  or  equipment  is not
dismissed within thirty days; or if dissolution  proceedings are commenced by or
against Owner and are not dismissed  within ten days, Owner ceases its corporate
existence (whether  voluntarily or involuntarily),  Owner goes into liquidation,
Owner acknowledges insolvency under order of a Court; Owner sells or purports to
sell or transfer or otherwise loses possession or ownership or control of all or
a  substantial  part of the assets  used in  connection  with the  operation  of
Owner's Team; Owner allows the personal  property used by Owner's Team to become
attached,  executed  against,  distrained,  levied  upon or  become  subject  to
sequestration or retainer,  without  obtaining full release of within five days;
Owner allows any builder's  lien or other lien,  charge or encumbrance to attach
to Owner's Team, or any real or personal  property used by Owner's Team which is
for of more than ten days; Owner allows any judgment to be entered against WPHLI
or any of WPHLI's  affiliates arising out of or relating to operation of Owner's
Team  without  satisfying  such  judgment or  securing it by payment  into Court
within ten days; or Owner or Owner's Team is enjoined from operating in the Home
Arena and such  injunction  is not  dismissed,  stayed or set aside  within  the
earlier of ten days or the next scheduled game at the Home Arena.

11. OTHER TERMS

     11.1. INSURANCE. WPHLI currently requires all League teams to enter WPHLI's
standard insurance policy regarding team injuries,  except to the extent same is
precluded by applicable law. Prior to hiring any employees,  Owner shall execute
same and  thereafter  shall timely pay,  and fully comply with same.  If WPHLI's
standard team injury  insurance is not entered into because same is precluded by
applicable law, Owner shall obtain  equivalent  coverage with terms as stated in
the  Governing  Documents.  Prior to doing any  business or  entering  any other
agreements  concerning the licensed  business,  Owner will obtain and thereafter
maintain at Owner's  expense,  insurance  coverage at least equal to the minimum
insurance  requirements,  coverages,  and  amounts  set  forth in the  Governing
Documents,  except as prohibited by law.  These  requirements  include,  without
limitation,  naming  WPHLI as an  additional  insured  and  waiving  subrogation
against WPHLI together with such insurance as may be required by any law, lease,
special  risk  or as  WPHLI  may  reasonably  require  for  its or  Owner's  own
protection.  The insurance policies will include a statement that they cannot be
canceled or altered  without at least  thirty days  written  notice to WPHLI and
must be obtained only from  insurance  companies  which meet WPHLI's  standards.
Owner will deliver to WPHLI such  evidence of insurance and its  maintenance  as
required by the Governing Documents. Owner will not make any claim against WPHLI
or any entity performing any duty for WPHLI to recover any loss covered or which
should have been covered by such insurance.  Owner's obligations are not reduced

                                       36
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
because  of any  insurance  WPHLI or Owner  may  carry,  nor will any  insurance
relieve Owner of liability under the indemnity  provisions herein. All insurance
policies  shall  require  the  insurers to defend  Owner and WPHLI,  jointly and
severally and without any right of subrogation against anyone, in all claims and
actions to which the insurance is applicable.  WPHLI, at its option,  may obtain
such insurance and/or make payments necessary to keep such insurance in force if
Owner  fails  to do so and  Owner  will  immediately  reimburse  WPHLI  for such
payments.  WPHLI  may  elect,  at  any  time,  upon  the  recommendation  of its
independent  insurance advisor, to require Owner, either individually or as part
of a group of licensees,  to place the insurance coverages (or any them) through
WPHLI,  in which case Owner will pay its  proportionate  share (with other WPHLI
System licensees) of all costs thereof, upon receiving invoices therefore. Owner
will pay its proportionate  share of internal costs (as invoiced by WPHLI) which
are incurred by WPHLI from time to time in connection with administration of any
insurance.  Owner agrees WPHLI is not an insurance broker. Nothing done by WPHLI
pursuant to this section or otherwise  comprises a representation,  promise,  or
constitutes an assurance that Owner has adequate  insurance for Owner's  assets,
business  and  potential  liabilities  and  Owner is free to  obtain  additional
insurance as Owner sees fit, with or without the advice of Owner's own insurance
broker.

     11.2.  WARRANTIES.  WPHLI  believes  it has all  rights to the  System  and
Products  necessary  for WPHLI's  performance  of WPHLI's  promises to Owner set
forth in this  Agreement.  WPHLI  warrants  to Owner to  repair or  replace  any
Product  manufactured by WPHLI which is purchased directly from WPHLI and proves
to be defective in  workmanship  or material,  all in  accordance  with its then
current  published  warranty  policy.  THE  FOREGOING  IS IN LIEU OF ALL EXPRESS
WARRANTIES AND  REPRESENTATIONS  AND ALL IMPLIED WARRANTIES  INCLUDING,  WITHOUT
LIMITATION,  THE  IMPLIED  WARRANTIES  OF  MERCHANTABILITY  OR  FITNESS  FOR ANY
PARTICULAR  PURPOSE.  WPHLI MAKES NO OTHER AFFIRMATIONS OF FACT,  PROMISES WHICH
ARE A BASIS OF THE  BARGAIN OR EXPRESS  WARRANTIES  EXCEPT AS  SPECIFICALLY  SET
FORTH  HEREIN.  WPHLI makes no  warranties  concerning  the goods or services of
approved  suppliers  whether  they  be  listed  as an  approved  supplier  or be
otherwise  recommended by WPHLI or concerning  goods  purchased from WPHLI,  but
which were not  manufactured  by WPHLI.  Such sales are "AS IS" with  respect to
WPHLI.  WPHLI  will  assign  to  Owner  any  warranties  it  has  received  from
manufacturers  to the extent  contractually  permitted.  WPHLI is not liable for
consequential,  special, indirect, or incidental damages, transportation, labor,
or any other  charges  due to any  goods or  services.  All  sales,  leases,  or
transfers  of goods  or  services  from  WPHLI to  Owner  are  governed  by this
Agreement unless otherwise agreed in writing.  Owner has inspected all available
goods,  services  and  specimens  of WPHLI and has found them to be in  complete
conformity with this Agreement and Owner's expectations.

     11.3.  LOCATION  RESPONSIBILITY.  The Home Arena's  location and selection,
lease negotiations and plans,  layout, build out, contractor  selection,  terms,
prices,  timetables,  and all  other  matters  related  to the real  estate  and
building at which  Owner's  Home Arena will be located  (collectively  "Location
Matters")  are important to Owner's  success or failure.  Owner is encouraged to
consult with real estate  brokers and experts  familiar with Owner's  geographic
area. Owner has the most specific information about Owner's Location Matters and
has sole responsibility for obtaining full information, obtaining and consulting
with Owner's own qualified advisors, and making Owner's own decisions pertaining
to all Location Matters.  WPHLI makes no representations or promises  concerning

                                       37
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
Location Matters, including, without limitation,  whether or not the location is
suitable,  likely to be successful,  etc. If WPHLI provides any Location Matters
information,  minimum requirements,  etc., same are only relevant to System Home
Arenas generally being sufficiently  within the System's guidelines to present a
standard  System  image.  Owner  may not  rely  upon  these or any  other  WPHLI
materials,  statement, or information about Owner's location or Location Matters
being  beneficial to Owner.  WPHLI does not  represent  that same are useful for
Owner's location.  WPHLI expressly disclaims any representations  concerning the
suitability,  appropriateness,  usefulness, likely success or failure of Owner's
location,  or any Location Matters.  Owner agrees Owner has carefully  inspected
the Home Arena and its surrounding area, consulted with Owner's own advisors and
experts and believes a WPHLI team arena has a reasonable  potential  for success
there.  Owner is aware that proper  selection  is critical to business  success.
Owner  agrees  WPHLI's  approval  of the Home  Arena does not  comprise  WPHLI's
guarantee  or  recommendation  of the  Home  Arena,  and that  Owner  is  solely
responsible  for  selection  and all other aspects of the Home Arena and matters
relating  to  it.  WPHLI's  suggestion  or  approval  of a  location  is  not  a
representation  or guarantee that it will be suitable or successful for Owner or
any other  aspect of it. No person  employed  by or  associated  with  WPHLI has
authority to make any such representations.

     11.4. CLAIMS.

          11.4.1.  THIRD PARTY CLAIMS.  Owner will  immediately  notify WPHLI in
writing of any suits, threats claims or complaints  concerning,  arising from or
relating to the System,  Owner's Team, Owner, WPHLI, or any part of or aspect of
the System, its Marks, employees,  agents, Products or services, together with a
full explanation of the situation.  Methods of channeling  customer  complaints,
governmental  investigations  or publicity  about same  directly to WPHLI may be
implemented  in the Governing  Documents.  Owner will  actively  assist WPHLI to
prosecute or defend WPHLI's claimed rights in the System,  the assistance  being
at Owner's  expense,  not take any  action in  derogation  of same,  immediately
report to WPHLI any  infringements  thereof and cooperate  fully and execute any
papers useful to accomplish these purposes at Owner's  expense.  Owner is solely
responsible  for and will  defend,  indemnify,  and hold WPHLI,  its  affiliated
companies,  officers, employees and agents and other System owners harmless from
all damages and expenses  (including,  without  limitation,  attorney's fees and
expenses,  and any  payments  made by WPHLI  in  satisfaction  of  non-frivolous
complaints), fines, claims, actions, or demands of every kind and character, for
injury to or death of any person or damage done to any property arising directly
or   indirectly  or  allegedly   arising  from  Owner's  or  its   contractor's,
subcontractor's  or their respective  employee's or agent's work,  offer,  sale,
lease or transfer of any good or service, regardless of whether or not the claim
arose  from  acts  outside  of  such  business'  or  person's  scope  of work or
employment,  or  Owner's  operation  of any part of  Owner's  Team or the System
including,  without limitation, where such injuries, death or damages are caused
by the sole,  joint,  or concurrent  gross or simple  negligence  of WPHLI,  its
officers  or  employees.   In  the  event  of  unresolved  customer  complaints,
litigation,  or any governmental  litigation or investigatory  request or demand
based in whole or in part upon Owner's alleged acts or failure to act, WPHLI may
elect,  upon giving prior written notice to Owner, to take whatever action WPHLI
deems  appropriate in Owner's name to resolve such matters,  including,  without
limitation,  controlling and/or settling claims and litigation,  making payments
in satisfaction of complaints and agreeing to undertake corrective measures, all
in Owner's  name and at Owner's  expense.  WPHLI  will use  reasonable  judgment

                                       38
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
concerning  such  matters as WPHLI  elects to  resolve in Owner's  name and owes
Owner no other  duties.  Owner  is  always  solely  responsible  for its  costs,
attorney's  fees,  damages,  and  settlements.  WPHLI may defend against patent,
trademark, copyright, unfair competition claims or the like or instruct Owner to
adopt substitutes chosen by WPHLI at Owner's expense.

          11.4.2.  OFFICIATING  CLAIMS.  While officiation matters generally are
open for  discussion  at Board of  Governors  meetings and Owner may complain to
WPHLI concerning any officiation matter,  Owner agrees WPHIL's decisions in this
regard are  binding  and final.  Owner  acknowledges  and  accepts the fact that
League officials will inherently,  from time to time, make mistakes,  bad calls,
and the like,  but that  ultimately  officiation  requires  finality.  WPHLI AND
LEAGUE  OFFICIALS,  ARE EXPRESSLY  RELEASED FROM ANY LIABILITY DUE TO ANY ACT OR
FAILURE  TO ACT BY ANY  LEAGUE  OFFICIAL  ACTING  IN THEIR  CAPACITY  AS  LEAGUE
OFFICIALS,   REGARDLESS  OF  WHETHER  SAME  IS  A  MISTAKE,  NEGLIGENT,  GROSSLY
NEGLIGENT,  WILLFULLY AND INTENTIONALLY  NEGLIGENT, OR THE LIKE. An exception is
that Owner's claims against League officials are hereby always assigned to WPHLI
for WPHLI to assert or not assert, in WPHLI's absolute discretion,  any ultimate
recovery upon Owner's claim to be assigned by WPHLI back to Owner.

          11.4.3.  OWNER'S CLAIMS.  This Agreement's  limitations are reasonable
and  intended to promote the early  disclosure  of problems to permit them to be
resolved in a timely manner  rather than  becoming the basis of expensive,  time
consuming  litigation  at a later date.  OWNER MUST DELIVER A WRITTEN  NOTICE TO
WPHLI WITHIN  NINETY DAYS OF BEGINNING  OPERATIONS  UNDER THIS  AGREEMENT OF ANY
PRE-OPERATIONAL  BREACHES  OR  MISREPRESENTATIONS  OF WPHLI OR IS DEEMED TO HAVE
WAIVED THE SAME.  OWNER  WILL  CAREFULLY  MONITOR  THE  ACTIVITIES  OF WPHLI AND
DELIVER A WRITTEN  NOTICE TO WPHLI OF ANY  OBJECTIONABLE  ACT,  FAILURE  TO ACT,
STANDARD OR PRACTICE OF WPHLI WITHIN NINETY DAYS OF THE FIRST OCCURRENCE THEREOF
OR IS DEEMED TO HAVE  WAIVED  ANY  OBJECTION  AND CAUSE OF ACTION  WITH  RESPECT
THERETO  AND TO ALL FUTURE  SIMILAR  OCCURRENCES.  OWNER SHALL FILE A DEMAND FOR
DISPUTE RESOLUTION AGAINST WPHLI WITHIN TWO YEARS OF THE FIRST OCCURRENCE OF ANY
BREACH OF  CONTRACT  OR  TORTIOUS  ACT OF WPHLI  INCLUDING,  BUT NOT LIMITED TO,
FRAUD, MISREPRESENTATION,  STATUTORY TORTS, NEGLIGENCE,  PROMISSORY ESTOPPEL AND
ALL  ACTIONS  HOWEVER  DENOMINATED  OR IS DEEMED TO HAVE WAIVED THE SAME AND ANY
OBJECTION TO ALL FUTURE  SIMILAR  OCCURRENCES.  IF OWNER  PURCHASES ANY GOODS OR
SERVICES FROM WPHLI, OWNER SHALL DELIVER WRITTEN NOTICE OF ALL DEFAULTS TO WPHLI
WITHIN NINETY DAYS OF DELIVERY.  FAILURE TO TIMELY DELIVER SUCH NOTICE COMPRISES
AN  IRREVOCABLE  ACCEPTANCE  AND BINDING  ADMISSION  THAT THE GOODS AND SERVICES
FULLY  COMPLY  WITH THE  ORDER AND ARE FIT FOR THEIR  INTENDED  PURPOSE.  To the
extent  permitted by applicable law,  neither party shall be liable to the other
for punitive or exemplary damages. If WPHLI is held liable to Owner for material
breaches of this  Agreement or for any material  acts or failures to act related
hereto,  Owner's sole remedy is  liquidated  damages  consisting  of a credit to
Owner of  one-third  of all  Assessment  Fees  paid by Owner to WPHLI due to the
affected team (in the two years preceding WPHLI's breach), exclusive of payments
for goods or services  delivered,  during  each  calendar  year of the  breaches
against  future  monies to be paid by Owner to WPHLI or, if Owner ceases to be a

                                       39
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
League owner,  return to Owner of such amount.  Exceptions are that Owner's sole
remedy,  Owner expressly  waiving all claims to monetary or other relief, in the
event (a) any  WPHLI  entry,  possession,  or  injunction  is held  wrongful  or
dissolved,  shall be return of  possession  and  dissolution  of the  injunctive
relief,  or (b) WPHLI  officials'  fail to appear to officiate  any game or they
otherwise cause cancellation or disruption of any game, shall be WPHLI providing
officials to the  rescheduled  game, if any,  without  expense to Owner.  In the
event of  actionable  immaterial  breaches  or wrongs by WPHLI,  Owner's  actual
damages shall be determined and be credited  against future monies to be paid by
Owner to WPHLI.  These are Owner's sole and exclusive  remedies,  are in lieu of
all other relief of any kind, are reasonable  remedies  considering the range of
possible  problems,  and are adopted to lessen the expense  and  uncertainty  of
litigation and to promote its early settlement or resolution.

          11.4.4.  DISPUTE  RESOLUTION.  ALL  DISPUTES  BETWEEN  THE PARTIES AND
BETWEEN  OWNER  AND  ANY OF  ITS  OFFICERS,  DIRECTORS,  EMPLOYEES,  AGENTS,  OR
ASSOCIATED PERSONS AND ANY OF WPHLI'S OFFICERS, DIRECTORS,  EMPLOYEES, OR AGENTS
SHALL BE RESOLVED BY  INDIVIDUAL  BINDING  ARBITRATION  IN THE COUNTY OF WPHLI'S
THEN-CURRENT   HEADQUARTERS,   in  accordance  with  the  American   Arbitration
Association's  ("AAA")  then current  Commercial  Rules of  Arbitration,  and be
governed by the Federal Arbitration Act subject to the following exceptions:  In
the event of a dispute,  either party shall  deliver a written  statement of the
dispute  together  with a demand for  mediation to the other party.  The parties
shall  attempt to agree upon a mediator and mediation  rules.  If the parties do
not agree upon a mediator and  mediation  rules within ten days,  the  mediation
shall be  pursuant  to the AAA's  rules in the  county of  WPHLI's  then-current
headquarters,  the mediator to be immediately  appointed by the AAA and paid for
equally by the  parties.  If the dispute is not resolved at the  mediation,  the
parties  will  attempt to agree on an  arbitrator  or  arbitrators  and rules of
arbitration.  If  the  parties  do not  agree  upon  arbitrators  and  rules  of
arbitration within ten days after the end of the mediation,  the dispute will be
resolved according to the AAA's then-current  Commercial Rules of Arbitration in
the county of WPHLI's then-current Headquarters.  The parties may take discovery
in preparation for the arbitration hearing as authorized by the Federal Rules of
Civil Procedure. If the amount in controversy is two hundred-thousand dollars or
less, a single arbitrator shall be used. If the amount in controversy is greater
than two  hundred-thousand  dollars,  the panel shall have three arbitrators who
shall  appoint  one  of  their  members  to  be  a  chairperson  to  decide  all
pre-evidentiary  hearing matters except for motions for summary  judgment and to
solely control the conduct of the evidentiary  hearing.  The arbitrator(s) shall
be attorneys  with at least ten years  substantial  business law and  litigation
experience and paid their standard  office practice rates for all time spent due
to the  arbitration.  The  parties  will  submit a joint  pretrial  order  which
complies  with the Local Rules of the local  federal  district  court.  Evidence
shall be received  solely in  accordance  with the Federal Rules of Evidence and
testimony  transcribed at the request of any party at that party's expense.  All
information and copies of information  developed due to the arbitration shall be
held in  confidence  under such  protective  orders as the panel deems useful to
insure  confidentiality and ultimately delivered to the panel for destruction at
the  conclusion  of  the  controversy,   subject  to  WPHLI's  legal  disclosure
requirements.  In  addition  to the AAA's  standard  deposits,  each party shall
deposit, pay and replenish such amounts as the panel deems appropriate to secure
the  panel's  fees and  related  costs with the AAA.  Failure to timely  make or
replenish  any  required  deposit  is a full  default by the  defaulting  party,
entitling the non-defaulting  party to an immediate  administrative award by the
AAA of all relief  requested by the non  defaulting  party  without any need for
appointment of or any act of the arbitration panel. If a Fed.R.Civ.P.-type  Rule

                                       40
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
68 offer is declined, the offered relief shall not be counted in determining the
prevailing  party if the offered relief is ultimately  awarded.  The panel shall
otherwise  determine  the  prevailing  party.  The  non-prevailing  party  shall
reimburse the prevailing party for all AAA and panel fees and related costs (not
including  the  parties'  attorney's  fees).  The  award  shall be  strictly  in
accordance with  applicable law, and state,  "This award is limited to the exact
facts and  parties  before  this  panel and is in the  nature of an  enforceable
settlement. It is not applicable to any other facts or parties." The arbitration
shall be rapidly completed. Either party may appeal the award within thirty days
of its entry to the local federal  district  court (or state  district  court if
federal  jurisdiction is lacking),  for review solely on the arbitration  record
and to confirm,  modify, correct,  reject, or reverse the award as the judge may
deem proper and  necessary in the  particular  case.  Concerning  the  dispute's
merits,  the court  will limit its  evidentiary  review to the  evidence  in the
arbitration  record. In the event of an appeal, each party shall submit proposed
findings of fact and  conclusions of law to the panel within  forty-five days of
the appeal (or of the record being  transcribed,  if applicable),  and the panel
shall prepare  findings of fact and conclusions of law for the reviewing  court.
The district court's judgment is appealable. An exception to exclusive mediation
and  arbitration  is that  temporary  judicial  injunctive  relief or  expedited
judicial remedies may be obtained by either party pending judicial  confirmation
of the  arbitration  award to enforce  the terms of this  Agreement;  to prevent
Proprietary  Information or Marks from being disclosed,  misused or not used; to
prevent the injury, loss, wasting or removal of any tangible or intangible asset
used in connection  with the System's  business or to protect  public health and
safety pending  judicial  confirmation of the  arbitration  award, or concerning
unlawful detainer or eviction,  foreclosure of a security interest or bankruptcy
court claims or the like.  Pursuit of such temporary  injunctive relief does not
comprise an election of remedies or waive or impair the  parties'  agreement  to
ultimately  resolve the dispute by arbitration  as set forth herein.  Failure to
comply with this Agreement's dispute resolution process or its award or judgment
is a material breach of this Agreement.

     11.5. PURCHASE ORDERS. All purchase orders received by WPHLI are subject to
acceptance by WPHLI as set forth  herein.  WPHLI has the right to not accept new
orders and to withhold  shipment  of  accepted  orders if Owner is in any way in
default hereunder,  specifically including,  without limitation,  failure to pay
any sum due WPHLI.  WPHLI may change  prices  without  advance  notice.  WPHLI's
quotes,  price lists,  etc. are  invitations  to submit orders and no more.  Any
provision  included by Owner in any purchase  order which is  inconsistent  with
this Agreement or WPHLI's standard terms of sale is ineffective.  WPHLI is under
no obligation to examine  Owner's orders except to determine items and quantity.
WPHLI reserves the right to reject any order.  Absent a separate  written notice
of acceptance only shipment by WPHLI  comprises  acceptance of Owner's order and
then only to the extent of goods  shipped  and no more.  All  WPHLI's  sales and
quotations  are subject to this  Agreement  unless  this clause is  specifically
referred to and negated in a subsequent  signed agreement.  Additional  specific
terms  and  conditions  of  ordering,  shipment,  delivery  and  payment  may be
implemented  in the Governing  Documents as it may be changed from time to time.
Owner's  exclusive  remedy for all causes  relating to  delivery,  quantity  and
quality  of  goods is for  refund  of such  monies  paid  for the  goods  and is
conditioned on timely giving notice of rejection,  holding the goods for WPHLI's
inspection  and a finding that the goods were defective  when  delivered.  While
WPHLI will use reasonable  efforts to fill Owner's orders,  it can not guarantee
that they will be timely or completely  filled or filled in a single shipment as
WPHLI does not now,  nor does it plan in the  future,  to  warehouse  sufficient
goods to  immediately  supply all System  Owners.  WPHLI  reserves  the right to
allocate scarce goods in its unreserved  discretion.  Owner agrees it must order

                                       41
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
sufficiently  in advance of its needs and have adequate  stocks on hand to avoid
shortages. The duty to avoid these potential problems is solely Owner's.

     11.6. INFLATION ADJUSTMENT. All amounts of money due from Owner to WPHLI or
which Owner is  required  to pay,  post,  escrow,  place with a surety,  or in a
letter  of  credit,  or  to  act  as a  surety  for,  etc.,  including,  without
limitation, the Initial Fee, Assessment Fee, Letter of Credit, shall be adjusted
for  inflation  by  increasing  the  amounts by the  applicable  CPI  Adjustment
Percentage.  For the purpose of this Agreement,  "CPI" means the "Consumer Price
Index for All Urban  Consumers"  published by the Bureau of Labor  Statistics of
the United States Department of Labor,  U.S. City Average,  All Items (1982-84 =
100) or, if necessary,  any other successor or substitute  index  (appropriately
adjusted)  published  by such  Bureau  or its  successor,  and  "CPI  Adjustment
Percentage" equals the percentage increase in the CPI from the first day of June
immediately after this Agreement is effective until the first day of June of the
then-current  upcoming season. , the adjustment being applicable to payments due
upon the first day of June or  thereafter.  As a non-limiting  example,  if this
Agreement  requires  Owner  to pay $100 to WPHLI  and the  applicable  inflation
adjustment is 2.5%, then Owner shall pay $102.50 to WPHLI.  Any delay or failure
of WPHLI in computing, billing, or issuing a statement for this adjustment shall
not  constitute a waiver of or in any way impair the  continuing  obligation  of
Owner to pay such adjusted amounts. If publication of the CPI is discontinued or
published less  frequently,  then the parties shall agree on a substitute  index
published by a governmental body or nationally  recognized financial institution
that reasonably reflects and monitors consumer prices. If the parties are unable
to agree on a substitute index, then one will be established by this Agreement's
dispute resolution procedure.

     11.7.  ACCORD AND  SATISFACTION.  Payments  by Owner to WPHLI of any amount
less than due are deemed  payments on account  regardless of any  endorsement to
the  contrary.  Endorsing  any check or accepting any amount from Owner will not
bind WPHLI to such  endorsement  or any claim that  acceptance was an accord and
satisfaction  for less  than  the full  amount  due or to any  other  condition.
Payments  from Owner will be applied  first to any  interest  owing to WPHLI and
then to the earliest amounts due WPHLI. If WPHLI's performance of this Agreement
is hindered or prevented by act of God, enactment of legislation or governmental
order  or  regulation,   lack  of  supplies,  labor  unrest  or  unavailability,
shortages,  transportation  delays,  or unexpected  demand,  the  requirement of
performance will be extended, to the extent so prevented, except with respect to
the duty to timely pay  monies  when due.  Owner will not,  by way of set-off or
otherwise, whether on the grounds of the alleged non-performance by WPHLI of any
of WPHLI's obligations hereunder,  or otherwise,  withhold payment of any amount
due to WPHLI or any Affiliated  Entity,  whether on account of goods or services
purchased by Owner,  Assessment Fees,  Advertising Fees or otherwise.  WPHLI may
set off any  amounts  Owner  owes WPHLI or any  Affiliated  Entity  against  any
amounts WPHLI may owe Owner.

     11.8.  REPRESENTATIONS.  Owner has carefully  studied WPHLI's  System,  the
disclosures  made in WPHLI's  Offering  Circular,  and the terms and  conditions
herein.  Owner specifically  agrees that WPHLI has not represented,  promised or
implied that WPHLI will buy back or is likely to buy back any products, supplies
or equipment or any product made, produced or fabricated by Owner using in whole
or in part any  products,  supplies,  equipment,  or services  sold or leased or
offered  for sale or lease to Owner by the  WPHLI.  Owner has been  specifically
advised  that Owner must have enough  money on hand to pay all opening  expenses
and for the period it will take for Owner's  business to become  profitable,  if
ever.  Owner  represents  and promises that Owner is not entering this Agreement
for  investment  purposes and has no present  intention to sell or transfer this

                                       42
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
Agreement in whole or in part,  that Owner is  sufficiently  capitalized and has
sufficient  capabilities  to fund and staff the business,  including  during its
start-up period,  and that entry into this Agreement and performance  thereunder
will not breach the terms of any other  agreement.  WPHLI does not  represent or
promise that any specific  element of  consideration  promised or represented by
WPHLI  to  Owner,   expressly   including,   without  limitation,   any  advice,
consultation,  guidance or the like will be useful or  valuable to Owner.  Items
and  communications  provided  by WPHLI to Owner may be  provided to benefit the
League generally rather than Owner  specifically.  Owner represents and promises
that Owner is and will remain  financially  able to make all payments  needed to
open and  maintain  the  franchised  business  as  required  herein.  Owner  has
carefully examined the System's business,  the System's operations and products,
samples of its  products,  all  material  aspects  of the  System,  and  Owner's
proposed  Protected  Territory and agrees that same comply with this  Agreement,
all  representations  and  promises,  and  Owner's  expectations.  Owner and all
persons  signing with or for it hereby release WPHLI,  its officers,  directors,
employees  and agents  from any known or unknown  acts,  breaches,  or causes of
action occurring prior to this Agreement in exchange for WPHLI's grant of rights
herein. Owner acknowledges and agrees that its sales and earnings,  if any, will
be primarily determined by demand in Owner's Protected Territory, the efficiency
with which  Owner  operates  its  business,  competition,  its  efforts  and its
business  skills;  that markups,  costs and sales volumes are different at every
business and are subject to fluctuations and; that Owner's actual sales margins,
profits, losses, etc. may differ substantially from any figures it may have seen
from any source.  Owner and all persons signing with, for or in support of Owner
acknowledge that they have conducted an independent investigation of the System,
this  business  venture,  and  Owner's  trade area.  Based upon same,  they have
themselves  decided  that the business  venture has a fair  prospect of success,
acknowledge  that it has a risk of  failing  and  accept  that  risk.  WPHLI has
encouraged  Owner  to,  Owner  has had  ample  time to,  and  Owner  has in fact
consulted  with lawyers and business  advisors of Owner's own choosing about the
potential benefits, detriments and risks of this Agreement.

     11.9. SUBSTITUTE PERFORMANCE.  WPHLI has the right, but not the obligation,
to elect to perform any parts of this Agreement on Owner's behalf, including the
right to enter and remove,  modify,  alter, repair or replace any item or aspect
of the  franchised  business  which  does  not meet the  System's  then  current
standards.  Owner shall immediately pay WPHLI its costs and expenses  therefore.
Performance by WPHLI does not waive any claim WPHLI may have against  Owner.  If
WPHLI asserts Owner has materially  breached this  Agreement  WPHLI may elect to
immediately  exclude Owner from any or all of the Home Arena, Team offices,  and
other Team  facilities  and take full  control of any or all of same,  either in
WPHLI's  own name to  protect  WPHLI's  interests  or, at WPHLI's  election,  as
Owner's  trustee  as  long as  reasonably  needed  to  obtain  a  final  binding
resolution of the issue,  whether by judicial action,  arbitration or otherwise,
take any action  WPHLI deems useful to cure the breaches and charge a reasonable
fee for  WPHLI's  time and  expenses.  WPHLI has no  liability  for such acts or
management unless Owner shows the same was maliciously done by WPHLI.

     11.10.  AUTHORITY AND GUARANTY. At WPHLI's request Owner will provide proof
that the individuals  signing on its behalf have authority to do so. Each person
signing  for  Owner  warrants  that  he or she  has  full  authority  to sign as
indicated.  Owner  hereby  grants  WPHLI a security  interest  in Owner's  Team,
franchise  rights,   business,  all  real,  personal  and  intangible  property,
fixtures, inventory, receivables, equipment, signs or documents bearing any part
of the Marks,  after  acquired  property and all proceeds of any  collateral  to
secure  Owner's  obligations  hereunder.  Owner will execute all other  security

                                       43
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
agreements  and documents  useful to further or perfect this  security  interest
including,  without  limitation,  UCC-1 forms. Owner shall not remove any of the
secured property from the premises without WPHLI's written consent,  which shall
not be  unreasonably  denied.  Each  individual  who now or in the  future has a
direct or  indirect  five  percent or  greater  equity  interest  in Owner is an
"Equity  Holder."  Owner promises Owner will have each of Owner's Equity Holders
sign this  Agreement  as  guarantors  where  indicated.  Each  Equity  Holder or
individual signing as a guarantor of Owner's performance hereunder  individually
accepts  all  restrictions  herein  on  Owner  as  binding  himself  or  herself
personally;  unconditionally guarantees Owner's full performance hereof and full
timely  payment of any  obligations  Owner may  otherwise  later incur to WPHLI;
waives  notice of acceptance  of this  guarantee,  any right to require WPHLI to
proceed  against  Owner,  pursue any remedy,  sue any party,  give any notice of
intent to accelerate,  acceleration or otherwise and any requirement  that WPHLI
not alter,  extend,  release,  rearrange,  or substitute in whole or in part any
debt, terms or security and always subordinates any rights with Equity Holder or
individual may have to Owner's  assets to WPHLI's  claims.  At WPHLI's  request,
Owner shall have all relevant  documents  which have been executed by any Equity
Holder or other individual who signed as a guarantor of Owner's performance also
executed  by the  Equity  Holder  or  individual's  spouse,  including,  without
limitation,  Owner's then-current License Agreement and then-current  guarantees
of Owner's performance  hereunder,  and Owner shall deliver such spouse-executed
documents  to WPHLI.  If Owner is  comprised  of two or more  persons,  firms or
corporations,  then  their  liability  under this  Agreement  shall be joint and
several.  If other or  additional  guarantee  or  subordination  agreements  are
entered into by Owner's Equity  Holders or other  individuals,  such  agreements
shall  supplement and not release anyone from any of the terms of this Agreement
and, to the extent such other agreements are  inconsistent  with this Agreement,
the terms most beneficial to WPHLI shall apply.

     11.11.  CHANGES AND  VARIANCES.  Owner's Team  co-exists  with other System
teams and may have favorable or unfavorable  interactions  with the other System
teams.  Advertising Associations are discussed above. The spectrum and specifics
of such  interactions are currently  unknowable and  inappropriate  for detailed
treatment  in this  Agreement.  WPHLI is  specifically  empowered  to  prescribe
uniform rules for such  interactions in the Governing  Documents and Owner shall
comply with the same.  WPHLI may designate some  programs,  goods or services as
optional for certain qualified owners. To be a qualified owner, Owner must be in
full  compliance  with all agreements with WPHLI and comply with such additional
requirements,  such as training, marketing,  insurance, inventory, and equipment
as WPHLI designates. Not more than once every five years WPHLI may require Owner
to perform substantial changes,  remodeling,  replacement,  and refurbishment of
the Team's facilities,  its equipment,  fixtures,  decor,  furnishings,  etc. to
bring same into compliance with the System's then current standards, all subject
to the Arena  Contract.  WPHLI may at any time elect to eliminate,  relax or not
enforce any standard restriction or requirement. Any such change must be made by
WPHLI in writing for Owner to rely on same,  all such changes  being  revocable.
Other  teams  may  enter or leave  the  League  under  different  circumstances,
conditions and terms. Other owners may operate under different  agreements which
may have  materially  different  terms,  exceptions,  or variances  than Owner's
Agreement  and that such other owners and teams may benefit from same.  These do
not affect Owner.

     11.12.  CONSENT TO JOINT OPERATING  AGREEMENT.  Owner acknowledges  Owner's
awareness of the Joint Operating Agreement ("JOA") between WPHLI and the Central

                                       44
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
Hockey League, Inc. and the JOA's terms,  consents to it as if set forth herein,
and agrees its  continued  existence  upon its current terms or revised terms is
not promised or represented and is not a condition of this Agreement. If the JOA
materially changes or ends, the parties remain bound under this Agreement.

12. INTERPRETATION

     12.1.  ENTIRE  AGREEMENT.  This  Agreement,  its exhibits and the Governing
Documents,  as the  Governing  Documents  may be  revised  from  time to time as
permitted herein, comprise the entire agreement of the parties and supersede all
prior  representations  and agreements  with respect to its subject  matter.  No
promises or representations  have been made to induce execution hereof which are
not included. This Agreement may not be amended or waived and no representations
may be made by WPHLI,  except as set forth herein or in writing signed by WPHLI.
All rights and licenses  granted by WPHLI are  expressly  limited,  nonexclusive
grants  solely  within the  parameters  expressly  stated herein and without any
expansion  by  implication,  waiver,  course of  performance,  or the  like.  No
representations;  grants; obligations;  warranties; rights to use, sell, copy or
display any part of the System, its Marks, documents,  know-how,  patent rights,
Proprietary  Information or any other  tangible or intangible  thing or service;
duties or limitations  shall be implied  against WPHLI unless  expressly  stated
herein.   WPHLI's  grants,   promises,   representations,   and  warranties  are
non-exclusive,  limited to the grants, promises, representations, and warranties
which are  expressly  stated  herein  and do not  include  any  implied  grants,
promises,  representations,  or warranties.  No approval,  permission, or waiver
given by WPHLI is ever effective,  and same never shall be relied upon by Owner,
unless  it is in a  writing  signed by an  individual  at WPHLI who has  express
written  authority  to commit  WPHLI to same.  Owner  agrees  to obtain  WPHLI's
written confirmation of any non-written approval,  permission,  or waiver before
Owner relies on same and to never assert  reliance upon any unwritten  approval,
permission or waiver.  Any approval,  permission or waiver requested of WPHLI is
deemed denied if not timely expressly granted. The parties will each execute and
deliver such further  documents or  assurances  and perform such further acts as
may be  necessary  or  advisable  from time to time to give full  effect to this
Agreement including, but not limited to, all documents required by the Governing
Documents.

     12.2. WAIVERS.  Owner shall make a timely written request to WPHLI whenever
this Agreement requires WPHLI's approval. WPHLI's approval must be in writing to
be effective and relied upon by Owner.  WPHLI assumes no liability or obligation
and makes no representation or warranty by denying,  granting,  or providing any
waiver,  approval,  advice,  consent or suggestions to Owner or for any neglect,
delay or denial of any  requests  therefore.  Failure of WPHLI to  exercise  any
right,  power or option or to insist on strict  compliance with the terms hereof
will not comprise a waiver with respect to any other or subsequent breach of the
same or  different  nature nor a waiver of WPHLI's  right to at any time require
exact and strict  compliance  with all terms  hereof and  declare  any breach or
default.  No custom or practice waives WPHLI's right to demand exact  compliance
with this Agreement.  WPHLI's rights and remedies herein are cumulative with any
other rights or remedies which may be granted by law or equity.  It is expressly
agreed  that the  description  of any  breach or default in any notice by WPHLI,
including,  without limitation,  a notice of termination,  will not preclude the
later  assertion  of other  additional  defaults or breaches,  whether  known or
unknown  at the  time of the  notice.  Subsequent  acceptance  by  WPHLI  of any
payments or performance is not a waiver of any preceding breach by Owner.  WPHLI
reserves the right, from time to time, to waive observance or performance of the
whole or any part of an obligation imposed on Owner by this Agreement. No waiver

                                       45
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
of any default of any term, proviso,  covenant or condition of this Agreement by
WPHLI  constitutes  a waiver by WPHLI of any  prior,  concurrent  or  subsequent
default of the same or any other term, proviso, covenant or condition hereof.

     12.3. MATERIALITY. Owner expressly agrees that each detail of the System is
important and each term herein is reasonable and necessary for the protection of
WPHLI,  other Owners and consumers who rely on the  uniformity,  standards,  and
enforcement  of the System to  maintain  demand for the  System's  Products  and
services and protect its goodwill.  WPHLI's  duties are expressly  contingent on
Owner's strict compliance with all terms of this Agreement.  Any breach by Owner
of this Agreement is deemed a material and  substantial  breach.  Time is of the
essence.  Because of WPHLI's and other  League  owners'  reliance  upon  owner's
strict  compliance  with the  details  of  scheduled  games  and  Owner's  other
promises, force majeure, impossibility,  unexpected difficulty, and the like, do
not excuse any failure or delay in Owner's timely performance of Owner's duties.
If Owner  anticipates  any such failure or delay in Owner's timely  performance,
Owner shall immediately inform WPHLI of same. WPHLI may, in WPHLI's  discretion,
elect to waive,  excuse,  or delay any League owner's  performance  without same
extending  any rights to any other League owner.  Calendar  time periods  herein
will be from the initial day to a like day in the named period (i.e.,  one month
and one year, respectively,  from March 3, 2008, are April 3, 2008, and March 3,
2009).

     12.4. SURVIVABILITY. All terms herein concerning payment,  confidentiality,
Marks,   nondisclosure,   acquisition   of  assets,   Proprietary   Information,
non-competition, arbitration, and all other terms, post-termination assignments,
promises  of  cooperation,  and the like,  which  express or imply that they are
intended to survive this Agreement's  Transfer,  end, expiration or termination,
shall survive same unless this clause is particularly  and expressly  identified
in a separate signed document.  Owner expressly agrees that neither  termination
nor the  existence  of claims by Owner  against  WPHLI is any defense to WPHLI's
immediate  enforcement  of Owner's  promises  herein and that  Owner's  promises
herein are covenants independent of any other portions of this Agreement.

     12.5.  GOVERNING LAW. This Agreement is deemed made and  performable in the
county of WPHLI's then-current Headquarters. Owner is deliberately causing WPHLI
to undertake activities and incur expenses at WPHLI's then-current Headquarters,
is aware  that  substantial  supervision  and other  activities  will  occur and
continue to occur there due to this Agreement,  will direct Owner's payments and
communications  there,  and has and will develop a  substantial  and  continuing
relationship  with WPHLI there.  TO OBTAIN THE CERTAINTY OF A SINGLE FORUM,  ANY
JUDICIAL ACTION BROUGHT BY OWNER OR ANY OF OWNER'S ASSOCIATED PERSONS CONCERNING
ANY DISPUTE BETWEEN THE PARTIES OR AGAINST ANY PERSON OR ENTITY  AFFILIATED WITH
WPHLI  WILL  ONLY BE  INSTITUTED  IN A STATE OR  FEDERAL  COURT  SITTING  IN THE
JUDICIAL DISTRICT  ENCOMPASSING  WPHLI'S HEADQUARTERS AT THE TIME WRITTEN NOTICE
OF THE DISPUTE IS RECEIVED AND SHALL NOT BE  TRANSFERRED TO ANY COURT OUTSIDE OF
THAT JUDICIAL  DISTRICT.  These courts have personal  jurisdiction  over all the
signatories and guarantors of this Agreement  hereto,  venue is proper there and
all parties waive all objections to venue and personal jurisdiction there. Owner
and those  signing with and for it hereby  appoint the Secretary of State of the
State of WPHLI's  headquarters as an agent for service of process to receive any
summons or service of process.  The judgments and orders of these courts will be
enforced  by any court as if the same had  originally  issued  there.  WPHLI may
elect  to seek  judicial  relief  in any  forum  anywhere.  THIS  AGREEMENT  AND

                                       46
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
RELATIONSHIP  WILL BE CONSTRUED  AND GOVERNED  SOLELY BY THE INTERNAL LAW OF THE
STATE OF WPHLI'S HEADQUARTERS AT THE TIME THIS AGREEMENT IS ENTERED INTO, EXCEPT
TO THE EXTENT  GOVERNED BY THE  FEDERAL  ARBITRATION  ACT,  OR OTHER  APPLICABLE
FEDERAL LAW AND EXCEPT AS EXPRESSLY SET FORTH OTHERWISE  HEREIN,  without regard
to any  conflict of law rules,  except that if a  particular  statute of another
state is nevertheless held to apply, then such particular statute shall apply to
its  subject  matter  exclusively  (and not the WPHLI home  state  corresponding
statute),  and that if any provision  herein which is not enforceable  under the
law of WPHLI's state shall be construed and governed under the laws of the state
in which Owner's Home Arena is located if it would be enforceable under the laws
of that  state.  Owner will  indemnify  and hold WPHLI  harmless  for all costs,
expenses,  or losses  incurred by WPHLI in enforcing this Agreement or upholding
the  propriety  of any action or  determination  by WPHLI  relative  to Owner or
arising  from  Owner's  breach or failure to perform any  obligation  hereunder,
including without limitation, reasonable attorney's fees and expenses, including
compensation for the time of WPHLI's  in-house  attorneys in connection with any
pre-litigation,  arbitration or litigation  work thereon,  unless Owner shall be
finally determined to have fully complied with this Agreement.

     12.6.  CONSUMER RIGHTS WAIVER.  AFTER  CONSULTATION WITH AN ATTORNEY OF ITS
OWN  SELECTION,  OWNER  VOLUNTARILY  WAIVES  ITS  RIGHTS  UNDER  LAW THAT  GIVES
PURCHASERS  OR  CONSUMERS  SPECIAL  RIGHTS OR  PROTECTIONS,  INCLUDING,  WITHOUT
LIMITATION, THE DECEPTIVE TRADE PRACTICES-CONSUMER PROTECTION ACT, SECTION 17.41
ET SEQ., TEXAS BUSINESS & COMMERCE CODE.

     12.7.  CONSTRUCTION.  Capitalized terms are defined in this Agreement where
they appear in quotation marks and have no other meaning,  and shall not for any
purpose be deemed a part of this Agreement. Terms such as "League", "affiliate",
"nominee"  "Owner,"  etc.  are  applicable  to  one  or  more  persons,   firms,
corporations or other entities and the singular number shall include the plural,
and the masculine  gender shall include the feminine and neuter,  and vice versa
as is  appropriate  in context.  "Affiliate"  means a company that is affiliated
with another company because one of them is the subsidiary of the other, or both
are subsidiaries of the same company,  or each of them is controlled by the same
person,  firm  or  company,  all  whether  the  relationship  is  direct  or the
relationship is indirect through intermediary entities. "Person," whether or not
capitalized herein,  means both individual people and also entities of any kind.
All  monetary  amounts  are  expressed  in United  States of  America  currency.
References  to  this  "Agreement"  include  its  future  then-current  Governing
Documents to the extent same do not contradict this Agreement and is uniform for
Owner's   designated  class  of  licensees.   Recitals  herein  are  contractual
obligations.  Wherever  WPHLI is given  discretion  by the use of  "discretion,"
"consent," "may" or other permissive  wording,  WPHLI has absolute,  unfettered,
and unreasonable discretion, unless expressly provided to the contrary. Whenever
the  word  "including"  is  used,  the term is used  without  limitation  unless
expressly  stated  otherwise,   i.e.,  "including"  means  "including,   without
limitation."  Whenever in this Agreement  WPHLI is to provide advice or guidance
to Owner concerning the System's standards or use of the System's standards,  or
the like, no benefit or advantage is thereby  promised or  represented  to Owner
except that WPHLI's  advice or guidance will provide such  information to Owner.
Owner's  compliance with the System's  standards may or may not be beneficial or
advantageous  to  Owner.  The  language  of this  Agreement  will  otherwise  be
construed according to its fair meaning and not for or against either party. All

                                       47
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
words refer to whatever number or gender the context requires.  Headings are for
reference purposes only and do not affect or control  interpretation in any way.
This Agreement and all  transactions  hereunder shall be construed,  interpreted
and implemented in English.  The rights and remedies contained in this Agreement
and any other  agreements  between the parties are cumulative and no exercise or
enforcement of any right or remedy by WPHLI shall preclude  WPHLI's  exercise or
enforcement of any other right or remedy to which WPHLI is otherwise entitled by
law or equity.

     12.8.  SAVINGS CLAUSE.  This Agreement shall be construed,  interpreted and
reformed to avoid  violating any  applicable  law, and to preserve its intent to
the  fullest  possible  extent.  If  any  statute,  law,  by-law,  ordinance  or
regulation  promulgated by any competent  authority with  jurisdiction  over any
part of this  Agreement  or Owner's Team or any court order  pertaining  to this
Agreement  requires a longer or  different  notice  period  than that  specified
herein, the notice period herein shall  automatically be deemed to be amended so
as to conform  with the  minimum  requirements  of such  statute,  law,  by-law,
ordinance, regulation or court order. The unenforceability of any part, segment,
or clause hereof will not affect the validity of the remaining  portions  hereof
as the parties  would have  executed the  remaining  portions of this  Agreement
without such portions as may be invalid except that if any portions  relating to
restrictions on Owner or Owner's payments to WPHLI are finally  determined to be
unenforceable,  WPHLI may elect to terminate  this  Agreement.  Owner  expressly
agrees to be bound to the maximum extent  permitted by law, as if separately set
forth herein,  with respect to any remaining  reformed part of this Agreement if
it is  held  to be  unenforceable  as  written.  In the  event  of  legislation,
government  regulation,  or changes in circumstances beyond the control of WPHLI
that  materially  affects the  relationship  between WPHLI and the Owner,  WPHLI
shall have the right to reform and modify this  Agreement to the limited  extent
reasonably  needed to both adapt the Agreement to the changed  circumstances and
preserve the parties' original intent as expressed herein to the greatest extent
possible.  The parties do not intend to charge  usurious  rates of interest.  If
applicable law determines  any  obligation,  charge or payment to be an unlawful
charge  or  overcharge  of  interest,  such  obligation,  charge or  payment  is
automatically  reduced to the maximum  lawful rate, the excess to be refunded if
already paid, the repayment comprising a complete remedy.

     12.9. THIRD PARTIES. The parties do not intend this Agreement to confer any
benefit  on any  entity  other  than  Owner  and WPHLI  except  as is  otherwise
expressly stated herein.  WPHLI's "Affiliated  Entities" include WPHLI'S current
and  future  Affiliates,  including,  but not  limited  to Global  Entertainment
Corporation  ("GEC");   Encore  Facility  Management;   International  Coliseums
Company;  Global  Entertainment  Ticketing  d/b/a GetTix;  Global  Entertainment
Marketing  Systems,  Inc.  ("G.E.M.S.");  Cragar  Industries,  Inc..  Affiliated
Entities  are not  responsible  for  WPHLI's  obligations.  Owner is aware  that
WPHLI's  Affiliated  Entities  offer goods and services in this line of commerce
and to other WPHLI owners and may have business  dealings  with Owner.  If Owner
does  business  with any such  entities,  Owner  expects  such  entities to have
discretion to act in accordance with each entity's own best interests or not. As
non-limiting  examples,  if  Owner  elects  to  lease  an  arena,  engage  arena
management services,  obtain ticketing services, or pursue marketing through one
or more Affiliated Entities,  then such entities may each make its own best deal
with Owner and act in accordance  with its own best  interests,  or not, at each
such entity's  discretion  regardless of Owner's  relationship with WPHLI or any
Affiliated Entities. Owner does not expect and is not entitled to have WPHLI use
WPHLI's  association  with Affiliated  Entities to cause WPHLI or any Affiliated

                                       48
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
Entities to act against  their own best  interests.  If Owner does business with
Affiliated  Entities,  and has a dispute concerning same, Owner expressly agrees
to look solely to the single such entity  whose  relationship  with Owner is the
relationship  most material to the subject  matter of the dispute for all relief
and compensation.  Owner has no right of defense,  set off, or the like, against
WPHLI due to any dispute or relationship  Owner has with any Affiliated  Entity,
or vice versa. As non-limiting examples: If Owner leases Owner's Home Arena from
an Affiliated Entity and Owner develops  complaints  relating to the Home Arena,
then all of Owner's  complaints about the Home Arena lie solely against the Home
Arena  leasing  Affiliated  Entity  and do not lie  against  WPHLI or any  other
Affiliated  Entity;  and, if Owner develops  complaints  about any WPHLI acts or
failures  to act,  then all of  Owner's  complaints  concerning  same lie solely
against  WPHLI  and do not  lie  against  any  Affiliated  Entity.  This  waiver
includes,  without  limitation,  any  complaints  of joint  action  by WPHLI and
Affiliated  Entities  or  between  Affiliated  Entities,  however  same  may  be
denominated.  All claims  against WPHLI and  Affiliated  Entities  expressly not
permitted herein are expressly  excluded.  These limitations are a material part
of this Agreement, as WPHLI would otherwise need to charge Owner a higher fee to
provide site-specific services and responsibilities, to undertake the additional
risks involved in same, and incur the additional  risks arising from Owner doing
business  with  Affiliated  Entities.  An  express  exception  is that WPHLI and
Affiliated  Entities may transfer and assert any monetary  obligations owed from
WPHLI or Affiliated  Entities to Owner,  or vice versa,  upon written  notice to
Owner of same.  Owner is not  entitled to the benefit of any  agreement  between
WPHLI and any other entity  unless the agreement  specifically  grants rights to
Owner  by name and  expressly  states  that  Owner is an  intended  third  party
beneficiary of same. If WPHLI  acquires,  is acquired by, merges with, or in any
other  manner  joins  or  expands   WPHLI's   operations   with  another  entity
(collectively,  "Expansion"),  and the  Expansion  arguably  causes a breach  or
impairment of rights granted by this Agreement to Owner,  then the parties shall
use this Agreement's  dispute  resolution  process to determine if the breach or
impairment is material or  immaterial.  If  immaterial,  i.e., an adverse annual
effect on Owner's  net profits of less than one hundred  thousand  dollars,  the
matter shall be deemed excused. If material, then WPHLI shall have the option of
(a) paying to Owner the  adverse  effect on Owner's  net profits for three years
from the event as Owner's full and sole remedy, or (b) releasing Owner from this
Agreement  as  Owner's  full and  sole  remedy.  This  Agreement  inures  to the
successors and assigns of WPHLI.  WPHLI has the right to transfer or assign this
Agreement in whole or in part. If WPHLI's  assignee  assumes all  obligations of
WPHLI  hereunder,  the  assignment  releases  WPHLI  from  all  obligations  and
liabilities to Owner,  is without any Owner  recourse to WPHLI,  and Owner shall
promptly  execute a general  release of WPHLI and  WPHLI's  affiliates  from all
claims under this Agreement.

     12.10.  OTHER AGREEMENTS.  This Agreement requires Owner to execute certain
other  agreements  found in the Governing  Documents.  Without  limiting Owner's
duties in this regard as set forth herein,  Owner's rights and continued  rights
herein are subject to Owner timely  delivering to WPHLI fully executed copies of
the following  agreements together with this Agreement:  (1) Exhibits A and B of
this  Agreement;   (2)  Guarantee  Subordination  Agreement,  (3)  Team  Symbols
Licensing Agreement, (4) Franchise Disclosure Questionnaire.  Within ten days of
this Agreement becoming effective, Owner will deliver to WPHLI a complete set of
Owner's governing documents,  partnership agreements,  corporate documents,  and
the like,  same being  subject to WPHLI's  approval as stated  herein.  Prior to
Owner  hiring any  employees,  Owner will  deliver to WPHLI  WPHLI's Team Injury
Insurance  Agreement  together with proof of the initial payment.  Within thirty
days of this  Agreement  becoming  effective,  Owner  will  deliver  to WPHLI an
approved and fully executed Letter of  Credit/Performance  Account documents and

                                       49
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
Pre-Authorized  Bank Form.  Owner will deliver to WPHLI a final draft of Owner's
Arena Contract for approval prior to entering same, and, after obtaining WPHLI's
approval  of same,  deliver  same to WPHLI  executed by Owner and the Home Arena
lessor  together with WPHLI's  Lease Rider  executed by Owner and the Home Arena
lessor.

     12.11. NOTICES. Notices required or permitted hereunder shall be in writing
and either  personally  delivered,  sent by registered  mail, or any other means
that provides  reliable evidence of the date received by the respective party at
its listed address unless and until the party designates a different  address by
written  notice to the other  party.  WPHLI's  sole  address  for  notice is its
Headquarters.  WPHLI may change its  Headquarters  upon written notice to Owner,
and this shall be effective to change the same with respect to each reference to
"WPHLI's Headquarters"  contained in this Agreement.  Owner's address for notice
is  designated  herein below.  Owner may change its notice  address upon written
notice to WPHLI,  subject to WPHLI's  approval,  approval not to be unreasonably
denied.  Written  notices  shall be deemed  delivered at the time of delivery if
delivered  by hand;  one  business  day after  delivery if sent by  facsimile or
comparable  electronic  system and receipt is confirmed or, if sent by certified
mail or other means which gives evidence of delivery, on the date of receipt. If
WPHLI is reasonably  unable to locate Owner within three days, or if delivery is
refused  or  impeded  by Owner,  each and every  employee  and agent of Owner is
deemed  Owner's  agent  to  receive  notices  and  notice  may be  delivered  by
attachment to the front door of Owner's Team's facilities.

     12.12. SUBMISSION OF AGREEMENT.  Submission of this Agreement to Owner does
not constitute an offer by WPHLI. This Agreement only becomes effective upon one
or more copies of same,  which are  complete in all  material  respects  and are
executed by Owner,  is  delivered to WPHLI and  thereafter  executed by WPHLI in
WPHLI's headquarters city.

13. ACKNOWLEDGEMENTS

     13.1.  DOCUMENTS RECEIVED.  Owner agrees and represents that Owner received
WPHLI's / /20 , Uniform  Franchise  Offering Circular at least as early as / /20
Owner's  initials -  _____________)  and that Owner  received a  completed  copy
(other than  signatures)  of this  Agreement at least as early as / /20 (Owner's
initials - ___________).

     13.2. INVESTMENT/NET WORTH. Check if applicable

          [ ]  The  franchise  sale is for more than $1  million--excluding  the
               cost of  unimproved  land  and any  financing  received  from the
               franchisor or an affiliate--and thus is exempted from the Federal
               Trade  Commission's   Franchise  Rule  disclosure   requirements,
               pursuant to 16 CFR 436.8(a)(5)(i). (This concerns your investment
               needed to begin operations)

          [ ]  Owner (or its  parent or any  affiliates)  is an entity  that has
               been in  business  for at least five years and has a net worth of
               at least $5 million.

     13.3. FINAL REPRESENTATIONS. OWNER AND ALL PERSONS SIGNING WITH, FOR, OR IN
SUPPORT  OF  OWNER   ACKNOWLEDGE   THAT  THEY  HAVE   CONDUCTED  AN  INDEPENDENT

                                       50
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
INVESTIGATION  OF THE SYSTEM AND THIS BUSINESS  VENTURE;  THEY  UNDERSTAND  THIS
AGREEMENT  INVOLVES A HIGH DEGREE OF BUSINESS AND  FINANCIAL  RISK;  AND SUCCESS
WILL BE LARGELY DEPENDENT ON THEIR INDEPENDENT  CHOICES,  ABILITY, AND FINANCIAL
STRENGTH AND LOCAL MARKET CONDITIONS.  WPHLI EXPRESSLY  DISCLAIMS THE MAKING OF,
AND  OWNER   ACKNOWLEDGES   THAT  OWNER  HAS  NOT   RECEIVED   ANY  PROMISES  OR
REPRESENTATIONS,  ORALLY,  IN WRITING OR  OTHERWISE,  OF  ASSISTANCE,  EXPENSES,
BENEFITS, SALES VOLUMES,  PROFITS,  SUCCESS,  SUITABILITY OF OWNER'S LOCATION OR
TRADE AREA,  OR ANY OTHER MATTER  EXCEPT AS EXPRESSLY  STATED  HEREIN OR WPHLI'S
OFFERING CIRCULAR. IF ANY SUCH PROMISES OR REPRESENTATIONS HAVE BEEN MADE, OWNER
MUST LIST THEM BELOW. WPHLI IS RELYING ON OWNER TO SEE THAT ALL SUCH MATTERS ARE
INCLUDED IN WRITING HEREIN. IF THEY ARE NOT, OWNER AGREES OWNER WILL NOT BE ABLE
TO RELY IN ANY WAY ON SUCH  PROMISES  OR  REPRESENTATIONS  AND WPHLI WILL NOT BE
BOUND BY THEM.  OWNER HAS CAREFULLY  READ THIS  AGREEMENT WITH THE ASSISTANCE OF
LEGAL COUNSEL AND UNDERSTOOD ALL PROVISIONS IN IT.

                         ------------------------------
                                    ("Owner")

                         ------------------------------
                             ("Address for Notice")

By:                                         By:
   ---------------------------------           ---------------------------------
             (Signature)                                    (Signature)

Name:                                       Name:
     -------------------------------             -------------------------------
            (Printed Name)                                 (Printed Name)

Title:                                      Title:
      ------------------------------              ------------------------------

The ___ day of ________________, 20___    The ___ day of _______________, 20___

     To induce WPHLI to grant this Agreement to Owner,  the  undersigned  equity
owners of Owner and the other individuals  listed below guarantee,  on the terms
set forth herein, Owner's performance of this Agreement.

   ---------------------------------           ---------------------------------
          (Individually)                               (Individually)

   ---------------------------------           ---------------------------------
          (Print Name)                                  (Print Name)

                                       51
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
   ---------------------------------           ---------------------------------
          (Individually)                               (Individually)

   ---------------------------------           ---------------------------------
          (Print Name)                                  (Print Name)

   ---------------------------------           ---------------------------------
          (Individually)                               (Individually)

   ---------------------------------           ---------------------------------
          (Print Name)                                  (Print Name)

                                       52
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
                                   ACCEPTANCE

     This   License   Agreement   is  hereby   accepted   by  WPHLI  at  WPHLI's
"Headquarters"  at 1600 North Desert  Drive,  Suite 300,  Tempe,  Arizona  85281
(Address   for   Notice"),   and   is   effective   this   the   _____   day  of
___________________, 200__.

                    WESTERN PROFESSIONAL HOCKEY LEAGUE, INC.

                      By:
                         ------------------------------
                                (Signature)

                         ------------------------------
                               (Printed Name)

                    Title: President
                         ------------------------------

                                       53
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
                    WESTERN PROFESSIONAL HOCKEY LEAGUE, INC.

                                LICENSE AGREEMENT

                                    EXHIBIT A

                              OWNER SPECIFIC TERMS

     This is Exhibit A to the License  Agreement  entered into between WPHLI and
the Owner identified herein.

1. TEAM NAME
     (Subsection 2.1):.__________________________
                            (Team Name)

2. HOME CITY
     (Subsection 2.1):.__________________________
                              (City)
                       __________________________
                              (State)

3. SEASON OPENING DAY (Subsection 2.3):

      The Season  Opening Day for Owner's Team is  currently  expected to be the
      ___ day of  ________________,  20___. This date is subject to rescheduling
      by WPHLI if reasonably  necessary and upon  reasonable  advance  notice to
      Owner.

4. HOME ARENA (Subsection 3.1):

      Owner has  selected  the  following  arena as  Owner's  "Home  Arena"  and
      obtained  WPHLI's  approval  of it subject to WPHLI's  approval of Owner's
      Arena Contract for the Home Arena.

                         ------------------------------
                                (Street Address)

                         ------------------------------
                                     (Suite)

                         ------------------------------
                             (City, State, and Zip)

5.   PROTECTED TERRITORY: (Subsection 2.2)

     Owner's Protected Territory is defined as:

                                       54
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
          [ ] The area  within the  circle  defined by a radius of 25 miles from
          the main entrance of Owner's Home Arena. As a non-limiting example, if
          the main entrance of another League team's arena is more than 25 miles
          from the main  entrance of Owner's  Home Arena,  then the other team's
          arena is outside of Owner's Protected Territory.

          [ ] The area of:

     or   [ ] see attached map signed and dated by both parties.

6. MINIMUM TICKET SALES (Subsection 5.6):

      Owner  shall  sell  at  least  _____  season  tickets  by the  ___  day of
      __________________  200___. Sales of luxury suites, club ticket sales, and
      the like,  count  toward  this  requirement,  according  to the  following
      formula: ____________________________

7.   INITIAL FEE (Subsection 7.1)

      Owner will pay WPHLI an Initial Fee of $1,250,000 as follows:  (1) Initial
      Payment  of $  .00  together  with  Owner's  delivery  to  WPHLI  of  this
      Agreement,  executed  by  Owner,  (2) If  WPHLI  delivers  to  Owner  this
      Agreement,  countersigned  by WPHLI  prior  to the  ____ day of  ________,
      20___, then Owner will pay WPHLI a payment of $___________, (3) payment of
      $_________  prior  to the ___ day of  _________,  20___,  (4)  payment  of
      $_________  prior to the ___ day of _________,  20___,  and (5) payment of
      $_________ prior to the ___ day of _________, 20___.

This Exhibit A  supplements  and completes  the Parties'  License  Agreement for
Owner's Team:

   ---------------------------------           ---------------------------------
               (Owner)                                        (WPHLI)

By:                                         By:
   ---------------------------------           ---------------------------------
             (Signature)                                    (Signature)

   ---------------------------------           ---------------------------------
            (Printed Name)                                 (Printed Name)

              President                                 President
   ---------------------------------           ---------------------------------
              (Title)                                    (Title)

The ___ day of ___________, 20___              The ___ day of ___________, 20___

                                       55
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
                    WESTERN PROFESSIONAL HOCKEY LEAGUE, INC.

                                LICENSE AGREEMENT

                                    EXHIBIT B

                             STATEMENT OF OWNERSHIP

     This is Exhibit B to the License  Agreement  entered into between WPHLI and
the Owner identified herein.

Owner:
      -------------------------------

Team Name:
          ---------------------------

Home City:
          ---------------------------

                                Form of Ownership
                                   (Check One)

__ Individual  __ Partnership  __ Corporation  __ Limited Liability Company

     Provide Owner's state of incorporation  or certification  and date of same.
If a  Partnership,  provide  name and address of each  partner  showing  percent
owned,  whether  active  in  management,  and  indicate  the  state in which the
partnership was formed. If a Limited Liability Company, provide name and address
of each member and each manager showing  percentage owned and indicate the state
and date of  organization.  If a  Corporation,  provide  the  state  and date of
incorporation,  the names and addresses of each officer and  director,  and list
the names and addresses of every shareholder showing what percentage of stock is
owned by each.

     Use  additional  sheets  if  necessary.  Any and all  changes  to the above
information must be immediately reported to WPHLI in writing.

                                       56
                                                              _______    _______
                                                               Owner      WPHLI
<PAGE>
     The  undersigned  represent and promise that this Statement of Ownership is
complete, accurate, and truthful.

                                   ---------------------------------------------
                                                     (Owner)

                                   By:
                                      ------------------------------------------
                                                    (Signature)

                                   ---------------------------------------------
                                                    (Print Name)

                                   ---------------------------------------------
                                                     (Title)

                                   The ____ day of ________________, 20______

                              INDIVIDUAL SIGNATURES

------------------------------------        ------------------------------------
   (Print Name, Individually)                     (Print Name, Individually)

------------------------------------        ------------------------------------
         (Signature)                                       (Signature)

The ___ day of ____________, 20___          The ___ day of ____________, 20___

------------------------------------        ------------------------------------
   (Print Name, Individually)                     (Print Name, Individually)

------------------------------------        ------------------------------------
         (Signature)                                       (Signature)

The ___ day of ____________, 20___          The ___ day of ____________, 20___

                                       57
                                                              _______    _______
                                                               Owner      WPHLI

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