Document:

EXHIBIT 10.6

SCONSULTING AGREEMENT

This Consulting Agreement (the "Agreement") is made and entered into this 1st
day of January 2001, by and between Stockbroker Associates Corporation, a
Delaware corporation (the "Consultant") whose principle place of business is
9903 Santa Monica Boulevard, Suite 399, Beverly Hills, California 90212 and
New Mexico Software, Inc., a ________ corporation (the "Client") whose
principal place of business is 5041 Indian School NE Albuquerque, NM 87110.

RECITALS

1     The Consultant is engaged in the business of providing various
consulting and public relation services for and on behalf of clients whose
equity securities are publicly traded.  The Consultant's services on behalf of
clients includes interactions with broker/dealers, shareholders, and members
of the general public.  In accordance with and subject to rules, regulations
and policies of the Securities and Exchange Commission ("SEC"), Consultant
provides services on behalf of clients over the Internet.

2     The Client is a company with a class of equity securities that are
publicly traded on one or more markets or exchanges.  The Client desires to
retain the Consultant as an independent consultant for various consulting and
public relation services, including interaction with broker/dealers,
shareholders and members of the general public.

AGREEMENT

NOW THEREFORE, in consideration of the mutual promises and agreements set
forth herein, and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties agree as follows:

1.   CONSULTING AND PUBLIC RELATION SERVICES

The Client hereby retains the Consultant as an independent consultant to the
client and the Consultant hereby accepts and agrees to such retention, subject
to the terms of this agreement.  The Consultant shall provide to the Client
such services of an advisory and consultative nature so as to inform the
brokerage community, the client's shareholders and the general public
concerning financial public relation and promotional matters related to the
Client and its business, all in accordance with the laws, rules and
regulations of the SEC (the "Consulting Services").  The Consulting Services
which Consultant shall provide to the Client are on a best efforts basis.
Consultant makes no representation, warranty or guarantee that as a result of
the Consulting Services the trading price of the Client's stock will increase,
the volume of shares traded will increase or that Client will experience
increase revenues.  Consultant will:

1     Gather all publicly available information relating to Client and confer
with officers and directors of the Client in an effort to consolidate the
information obtained into appropriate form for dissemination to interested
parties.

2     In accordance with rules, regulations and policy of the SEC, make
available to the general public, information concerning the Client through the
Internet on a website developed and maintained by Consultant.

3     Distribute information concerning the Client to registered
representatives of broker/dealer, and other persons who the Consultant
determines, in its sole discretion, are capable of effectively disseminating
such information to the general public.

4.    Engage in public relation activities designed to increase awareness
of Client and its business including but not limited to the placing of
appropriate advertisements in selected national publications.

II.  TIME, MANNER AND PLACE PERFORMANCE

The Consultant provides services similar to those provided for herein to other
publicly traded companies.  The Client agrees that the Consultant does not and
shall not be required to devote its full time and efforts to the Client.  The
Consultant shall devote such time to the Client as is reasonable and necessary
to provide the Consulting Services to the Client.  Consultant shall be available
 for advice and counsel to the officers and directors of the Client at such
reasonable and convenient times and places as may mutually be agreed upon.
Notwithstanding the foregoing, Consultant shall not undertake the
representation of any other client whose primary business is that of digital
asset management without the express written consent of Client.

Consultant agrees that it shall provide the personal services of Messrs.
Michael Ager and Tony Rago as is reasonable necessary to perform the
obligations to Client under this agreement.  In providing the services under
this agreement, Consultant may use its staff and personal as it deems
necessary and appropriate to carry out the services hereunder, however Messrs.
Ager and Rago will activity manage and participate in the key aspects of the
services.  In the event Messrs. Ager and Rago cease to be in place as
consultant's senior management during the term of this agreement, Client may
then terminate this agreement upon one (1) day written notice to Consultant.

III.  TERM OF THE AGREEMENT

The initial term of this Agreement shall be three (3) months, commencing
February 1, 2001 to April 31, 2001 (the "Initial Term"), subject however, to
prior termination as provided in Section XIII of this Agreement.  After the
Initial Term this Agreement shall continue on and may be terminated effective
the last day of the month in which either party gives at least ten (10) days'
prior written notice to the other that it is terminating this Agreement.

IV. COMPENSATION

In consideration of the Consulting Services to be provided to the Client by
the Consultant, Client hereby agrees to compensate Consultant as follows:

1     Upon execution of the Agreement, the Client shall pay the Consultant an
initiation fee in the amount of US $200,000 or equivalent value (the "Initial
Fee").  The Initial Fee is deemed earned upon receipt.  The Initial Fee is
compensation for consultant's services during the Initial Term.  In the event
that Consultant is compensated in the form of securities, Consultant shall
only sell such securities in accordance with Section VI of this agreement.
Consultant acknowledges that in lieu of cash, it will accept as full payment
of the Initial Fee 100,000 150,000 shares of unrestricted common stock of
Manhattan Scientifics, Inc. owned by Client. in which event Consultant shall
use only the Designated Broker (as defined below) in connection with the
holding and sale of such securities.

2     Upon execution of this agreement, the Client shall issue in the name of
the consultant 1,000,000 shares of client's common stock restricted pursuant
to Rule 144, to be held in escrow by Client's legal counsel _______________,
to be released to Consultant or returned to Client as appropriate, in
accordance with the terms of this agreement (the "Escrowed Stock").  It is
intended that the Escrowed Stock, together with the Initial Fee, shall be
compensation for Consultant's services subsequent to the Initial Term of this
agreement for so long as they shall be provided, and it is further intended
that these shares will be released to Consultant in accordance with the
schedule set forth in subsection 3. (i) through (viii) below.

3     The Escrowed Stock will remain in escrow  with Client's legal counsel
and will only be released from escrow to Consultant (provided that this
agreement has not been terminated) according to the following schedule:

(i).  10,000 shares per month, for up to 24 months, shall be released to
consultant on the last day of each month in which consultant provides services
to Client subsequent to the Initial Term.  Unless sooner terminated, at the
end of 24 months Client and Consultant shall mutually agree on further
compensation for Consultant's services.

(ii).  100,000 shares shall be released to Consultant the first time that
Client's average daily trading volume over a 10 day period exceeds 150,000
100,000 shares.

(iii).  50,000 shares shall be released to Consultant the first time that
Client's number of shareholders doubles from the number of Client's
shareholders as of the date of this agreement.

(iii).  100,000 shares shall be released to Consultant the first time that
Client's market capitalization is $50,000,000 or greater for at least 10
consecutive trading days.

(iv).  100,000 shares shall be released to Consultant the first time that
Client's market capitalization is $100,000,000 or greater for at least 10
consecutive trading days.

(v). 100,000 shares shall be released to Consultant the first time that
Client's market capitalization is $150,000,000 or greater for at least 10
consecutive trading days.

(vi).  100,000 shares shall be released to Consultant when Client becomes
eligible for listing on NASDAQ (NMS or Small Cap).

(vii).  Any shares remaining in escrow shall be released to Consultant the
first time that Client's market capitalization is $220,000,000 or greater for
at least 10 consecutive trading days.

(viii).  Upon issuance of the shares remaining in escrow pursuant to section
IV. 3. (viii) of this Agreement, Client shall not be obligated to issue any
further shares to Consultant under this Agreement, provided however, that
Client and Consultant may, by mutual agreement signed by each of Client and
Consultant, amend this Agreement to provide for the issuance of additional
shares from Client to consultant.

(ix).  If this Agreement is terminated, that portion of the Escrowed Stock
that has not been earned by Consultant shall promptly be returned to Client.

(x).  consultant shall open a brokerage account with Ted London of Wall Street
Equities (the "Designated Broker") for the purpose of receiving, holding and
selling Escrowed Stock.  Any and all Escrowed Stock being released to
consultant shall be released directly to the Designated Broker.  Consultant
agrees to continuously keep all of the Escrowed Stock released to it with the
Designated Broker and not to use any other broker in connection with the
Escrowed Stock.  If Ted London shall cease to be a registered representative
at Wall Street Equities, then there shall be no Designated Broker and
Consultant may keep the Escrowed Stock at such place as Consultant may
determine. Consultant shall designate another registered representative at
Wall Street Equities as the Designated Broker.  If Wall Street Equities shall
cease to exist as a registered broker/dealer, shall designate another
registered representative at another registered broker/dealer  as the
Designated Broker.

                      V.  EXPENSES

The Client shall reimburse the Consultant for all expenses and other
disbursements which Client shall have approved in writing prior to Consultant
incurring any such expense or disbursement.

VI.  SALES OF SHARES RECEIVED

Shares received by the Consultant from the Client pursuant to Paragraph IV (c)
of this Agreement are compensation to the Consultant for:

a.     The initial time which Consultant must devote to the Client to
familiarize itself with Client's business so as to provide the Consulting
Services

b.     Consulting Services to be provided during the course of this Agreement

c.      The business which Consultant must decline from other potential
clients in order to be able to provide Consulting Services called for under
this Agreement to Client.

It is Consultant's intention to sell the Shares received during the term of
this Agreement.  The Client agrees that during the term of this Agreement, the
Consultant may sell the Shares at such times and in such manner as may be
determined in the sole discretion of the Consultant. Client understands that
any sales of the Shares by Consultant may have the effect of decreasing the
trading price of the Client's stock, particularly if Client's stock is thinly
traded.  The Consultant will use reasonable efforts to make such sales at such
times and in such a manner so as to minimize any adverse effect to the Client
from sales of the Shares, and in a gradual and methodical manner over time
that is reasonable calculated to preserve, to the extent possible, and not
diminish the share price of such securities.  Notwithstanding the foregoing,
Consultant shall sell no more than 10,000 shares per day, provided however,
that at the request of Consultant the Designated Broker may increase the
number of shares sold per day.  In the event there is no Designated Broker,
Consultant may sell no more than 10,000 shares per day.  Under no
circumstances will the Client place stop transfer instructions ("Stop Transfer
Instructions") with its transfer agent with respect to the Shares.  In the
event places Stop Transfer Instructions with respect to the Shares, Consultant
may deliver this Agreement to the transfer agent of Client, and
notwithstanding the Stop Transfer Instructions, transfer agent may then
transfer the Shares at the direction of the Consultant or Consultant's agent.

VII.  WORK PRODUCT

Client acknowledges that in the course of performing under this Agreement,
Consultant, Consultant will be contacting various persons about the Client.
It is agreed that Consultant retains all intellectual property rights with
respect to such contact list (the "Contact List") and all material
specifically created or developed by Consultant in connection with the
Consulting Services performed for the Client (the "Materials").  Consultant
hereby grants Client the right to use the Materials (but not the Contact List)
after their distribution solely for the purpose of promoting the Client to
existing and prospective investors, but the Contact List and Material shall be
and remain the physical and intellectual property of the Consultant and all
proprietary rights thereto shall remain with Consultant.

VIII.  DISCLOSURE OF INFORMATION

The Consultant recognizes and acknowledges that it has and will have access to
certain confidential information of the Client's and its affiliates that are
valuable, special and unique assets and property of the Client and such
affiliates ("Confidential Information").  The Consultant will not, during and
after the term of this Agreement, disclose, without the prior written consent
or authorization of the Client, any Confidential Information to any person,
except authorized representatives of the Consultant or its affiliates, for any
reason or purpose whatsoever.  In this regard, the Client agrees that such
authorization or consent to disclose may be conditioned upon the disclosure
being made pursuant to a secrecy agreement, protective order, provision of
statute, rule, regulation or procedure under which the confidentiality of the
information is maintained in the hands of the person to whom the information
is to be disclosed or in compliance with the terms of a judicial order or
administrative process.  Any information which has been disclosed to the
public by the Client or upon the authorization of the client shall not be
considered Confidential Information.

Consultant specifically acknowledges that Client intends to introduce
Consultant to Johan Goossens of Belgium, an analyst ("Goossens"), for the
purpose of working cooperatively to increase awareness about Client.  This
introduction and any resulting materials are Confidential Information.
Consultant agrees that it shall not work with Goossens upon any matter, during
the period of 2 years from the date of termination of this Agreement, without
prior written approval of Client.

Client specifically acknowledges that Consultant intends to introduce Client
to certain of its contacts ("Consultant's Contacts") for the purpose of
working cooperatively to increase awareness about Client.  These introductions
are Confidential Information.  Client agrees that it shall not work with
Consultant's Contacts upon any matter, during the period of 2 years from the
date of termination of this Agreement, without the prior written approval of
Consultant, except that notwithstanding the foregoing, Client may work with a
private investor that is an equity owner of Client at the termination of this
Agreement.

IX.  NATURE OF RELATIONSHIP

Nothing in this Agreement shall render any party a general partner of the
other.  Except as set forth in this Agreement neither party is nor shall be a
general agent for the other and neither party is given authority to act on
behalf of the other.  The Consultant is retained by the Client in an
independent capacity and excepts as set forth in this Agreement, Consultant
shall not enter into any agreement or incur any obligation on behalf of the
Client.  Notwithstanding any other term of this Agreement,  Client shall not
be obligated to follow of implement the material advice or material strategies
developed by Consultant, and, subject to all applicable law, rules and
regulations, Consultant shall follow the direction of Client as to how and
whether Consultant's services are to be utilized, if at all.

X.  CONFLICT OF INTEREST

This Agreement is non-exclusive.  The Consultant shall be free to perform
services for other companies and persons, subject to the limitations set forth
in this Agreement.  Consultant will use its best efforts to avoid conflicts of
interest.  Client agrees that it shall not be a conflict of interest that
Consultant devotes time and resources to companies and persons other than
Client, subject to the limitations set forth in this Agreement.  In the event
that Consultant believes a conflict of interest arises which may effect the
performance of the Consulting Services for Client, Consultant shall promptly
notify the Client of such conflict.  Upon receiving such notice, the Client
may terminate this Agreement pursuant to Section XIII.  Failure to give notice
of termination of terminate this Agreement within 60 days of notification of
any conflict of interest shall constitute the Client's ongoing consent to the
Consultant's continued activities.

XI.  INDEMNIFICATION FOR SECURITIES LAWS VIOLATIONS

a.     The Client agrees to indemnify, defend and hold harmless the Consultant
and each officer, director and controlling person of the Consultant against
any losses, claims, damages, liabilities and/or expenses (including any legal
or other expenses reasonably incurred in investigating or defending any action
or claim in respect thereof) to which the Consultant or such officer, director
or controlling person may become subject under the Securities Act of 1933 as
amended or the Securities Exchange Act of 1934 as amended, solely because of
actions of the Client or its agent, Client's material publicly available to
the Consultant, or materials provided to Consultant by Client for use by
Consultant in its performance under this Agreement.

b.     The Consultant agrees to indemnify, defend and hold harmless the Client
and each officer, director and controlling person of the Client against any
loses, claims, damages, liabilities and/or expenses (including any legal or
other expenses reasonably incurred in investigating or defending any action or
claim in respect thereof) to which the Client of such officer, director or
controlling person may become subject under the Securities Act of 1933 as
amended or the Securities Exchange Act of 1934 as amended, solely because of
actions of the Consultants or its agent (s), or materials created by
Consultant in its performance under this Agreement, unless the materials
created by Consultant are created solely from material provided to Consultant
by Client and Consultant obtains written approval from Client of such
material, in which event, Consultant shall have no obligation to indemnify,
defend and hold harmless Client hereunder.

III.  TERMINATION

Notwithstanding Section III of this Agreement, this Agreement may be
terminated:

a.     By the Client upon 10 days prior written notice to Consultant.  Any
compensation by Consultant, including the Shares received, shall be deemed
fully earned up to the date of termination.  Any compensation called for under
this Agreement through the termination date shall be paid by Client to
Consultant.

b.     By Consultant upon 10 days prior written notice to the Client in the
event;

(i) Client fails to timely pay any compensation or expense reimbursement to
Consultant when due,

(ii) Clients request Consultant to perform acts or services in violation of
any law, rule, regulation, policy or order of any federal or state regulatory
agency,

(iii) Client provides information to the Consultant for public distribution,
which contains material representations or material omissions,

(iv) Client distributes to the public information containing material
misrepresentations or omissions,

(v)  Client is engaging in conduct in violation of any law, including rules,
regulations, orders and policies of any federal or state regulatory agency,

(vi)  Client fails to follow or implement the material advice or material
strategies developed by Consultant, or

(vii)  Consultant reasonable believes that Clients direction as to how
and whether Consultant's services are to be utilized is hindering or
interfering with Consultant's ability to earned the compensation set
forth in Section IV.

3. (i) through (viii)
of this Agreement.

In the event of termination by the Consultant pursuant to the provisions of
this subparagraph, all compensation received by Consultant from Client will be
deemed fully earned and any compensation due and owing up to the date of termina
tion shall be paid by Client to Consultant.

III.  ACCURACY OF INFORMATION

In the distribution and dissemination of information about the Client by the
Consultant, the Consultant is relying upon the accuracy in information
provided to it by the Client.  The Client shall use its best efforts to ensure
that all information provided by Client to Consultant, and all information
which Client makes otherwise available to the general public, is full,
complete and accurate and contains no material misrepresentations or
omissions.  All information concerning Client to be published and/or
disseminated by Consultant shall have the prior written approval of the
Client.  Press releases are the obligation and responsibility of the Client.
Consultant shall not write any press release for or concerning Client.
Consultant shall only publish press written releases concerning Client with
the prior approval of Client.

IV.  NOTICES

Any notices required or permitted to be given under this Agreement shall be
sufficient if in writing and delivered via FAX, to the FAX number set forth
below, or if sent by overnight courier to the address set forth below.

a.     If to Consultant:
Stockbroker Associates, Inc.
9903 Santa Monica Blvd Ste 399
Beverly Hills, CA 90212
Fax:  (702) 967-2366

       With a copy to:
John A. Hutchings
Dill, Dill, Carr, Stonbraker & Hutchings P.C.
455 Sherman Street
Suite 300
Denver, Colorado, 80203
Fax:  (303) 777-3823

b.     If to Client:
New Mexico Software, Inc.
5041 Indian School NE
Albuquerque, NM 87110
Fax: (505) 255-7201

With a copy to:

III.  ASSIGNMENT

Neither party to this Agreement may assign its rights or obligations hereunder
without the prior written consent of the other party to this Agreement.

IV.  APPLICABLE LAW

This Agreement shall be interpreted and construed in accordance with and
pursuant to the laws of the State of California.

V.  ARBITRATION

Any controversy or claim arising out of or related to this Agreement, or the
breach thereof, shall be settled by arbitration administrated by the American
Arbitration Association under its Commercial Arbitration Rules, with the
arbitration proceeding and any hearing thereon be held in Los Angeles,
California, and judgement on the award rendered by the arbitrator (s) may be
entered in any court having jurisdiction thereof.

VI.  SEVERABILITY

The provisions contained herein are severable and in the event any of them
shall be held invalid, the Agreement shall be interpreted as if such invalid
provisions were not contained herein.

VII.  ENTIRE AGREEMENT

This entire Agreement constitutes and embodies the entire understanding and
agreement of the parties and supersedes and replaces all prior understandings,
agreements and negotiations of the parties.  This Agreement may not be
modified, except in writing and signed by all parties hereto.

VIII.  COUNTERPARTS

This Agreement may be executed in counterparts, each of which shall constitute
and be deemed an original, but both of which taken together shall constitute
to one and the same document.

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

CONSULTANT

Stockbroker Associates Corporation

By:  ________________________________
        Francis A. Rago, President

CLIENT

New Mexico Software, Inc.

By:  ________________________________
Dick Govatski, Pres.THIS PROMISSORY NOTE IS ONE OF A SERIES OF TWO PROMISSORY NOTES OF LIKE TERMS
AND TENOR.

THIS PROMISSORY NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED ("ACT"), OR ANY STATE SECURITIES LAWS, AND MAY NOT BE SOLD OR
OTHERWISE TRANSFERRED OR DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAW, OR
AN OPINION OF COUNSEL SATISFACTORY TO THE MAKER THAT AN EXEMPTION FROM
REGISTRATION UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS IS
AVAILABLE.

                 SECURED PROMISSORY NOTE AND SECURITY AGREEMENT
                 ----------------------------------------------

August 22, 2000.                                                       $500,000

FOR VALUE RECEIVED, the undersigned, VIVA GAMING & RESORT INC., a corporation
duly incorporated under the laws of the State of Florida ("Maker"), hereby
promises to pay to the order of ROBERT SIM ("Payee") the principal sum of Five
Hundred Thousand Dollars ($500,000) with interest on the unpaid principal
balance, payable as herein provided, at the rate of ten percent (10%) per annum
in accordance with the terms and conditions of this Promissory Note and Security
Agreement (the "Promissory Note"). The outstanding principal balance of this
Promissory Note and all accrued and unpaid interest thereon, shall become due
and payable on September 30, 2000, unless extended as hereinafter provided (the
"Maturity Date").

         1.       Payments of Interest and Principal.
                  -----------------------------------

         a. Interest. Maker shall pay interest to Payee on the outstanding
principal balance owed to Payee hereunder at the rate of ten percent (10%) per
annum. Interest shall be accrued and all accrued and unpaid interest shall be
paid on the Maturity Date of this Promissory Note.

         b. Principal. Maker shall have no duty or obligation to pay any portion
of the outstanding principal owed hereunder, except as hereinafter provided,
until the Maturity Date. On the Maturity Date all outstanding principal, and
accrued but unpaid interest, shall be due and payable, and shall be paid to
Payee.

         c. Payments. All payments made hereunder shall be applied as made first
to the payment of interest then due, and the balance of said payment shall be
applied to the payment of principal.

<PAGE>

         d. Prepayments. This Promissory Note may be prepaid, in whole or in
part, at any time, without penalty.

         2.       Extensions.
                  ----------

         a. Acknowledgment. Maker and Payee acknowledge their intent that
amounts due under this Promissory Note are to be paid from the proceeds of a
private placement of $10 million in securities (the "Placement") of VIVA Gaming
& Resorts Inc., a Florida corporation ("VIVA (US)") to be undertaken promptly
following the date hereof, with the assistance of Payee. To the extent that the
Placement is not consummated on or prior to September 30, 2000. Maker and Payee
have agreed to extend the Maturity Date as follows.

         b. Failure by Payee. In the event the Placement is not consummated on
or prior to September 30, 2000 for any reason other than as set forth in Section
2(c) below, the Maturity Date of this Promissory Note shall be extended to
December 31, 2000.

         c. Failure by Maker. In the event the Placement is not consummated on
or prior to September 30, 2000 due to a "flaw of or by VIVA (US)", then (i) the
Maturity Date shall be extended to October 31, 2000, (ii) Payee shall not be
obligated to use its best efforts to enable VIVA (US) to complete the Placement,
and (iii) Payee shall be entitled to foreclose on the Collateral in the manner
set forth in the Escrow Agreement. For purposes hereof, a "flaw of or by VIVA
(US)" shall mean an event or events relating to VIVA (US) that would materially
and adversely affect a reasonable investor's determination to participate in the
Placement. A "flaw of or by VIVA (US)" shall not include a change in general
economic conditions, information contained in any of the documents described in
Section 2(d)(i)- (iii) or information actually known to Payee as of the date
hereof.

         d. Available Information and Best Efforts. Payee understands that VIVA
(US) has a class of securities registered under Section 12(g) of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), and is required to file
periodic reports with the Securities and Exchange Commission ("SEC"), in
accordance with Exchange Act rules. Payee acknowledges that it has received and
reviewed copies of the following documents of VIVA (US):

                  (i) Registration Statement on Form 10-SB filed April 10, 2000;

                  (ii) Quarterly Report on Form 10-QSB for the quarter ended
         March 31, 2000, filed May 15, 2000; and

                  (iii) draft Quarterly Report on Form 10-QSB for the quarter
         ended June 30, 2000, not yet filed with the SEC.

Payee confirms and acknowledges that based upon its review of the foregoing
documents, conversations it has had with management of VIVA (US) and the results
of its due diligence investigation, nothing has come to the attention of Payee
that would constitute a "flaw" within the meaning of Section 2(c) hereof. Payee
hereby agrees to use its best efforts to enable VIVA (US) to complete the
Placement.
<PAGE>

         3.       Place of Payment. All payments of principal and interest shall
be made to Payee at its address specified in Section 8(e) below, or as otherwise
specified by Payee, in writing, to Maker.

         4.       Collateral Security. Maker's obligation to pay amounts due
under this Promissory Note and the Promissory Note issued to Thomson Kernaghan &
Co. Ltd. are secured by the collateral identified on Schedule A hereto (the
"Collateral"). The Collateral is to be held in escrow for that purpose under the
terms of an Escrow Agreement by and among Maker, Lenders and Wuersch & Gering
LLP, Attorneys At Law, as escrow agent. Payee's entitlement to foreclose on the
collateral is governed by the terms of this Promissory Note and such Escrow
Agreement of even date herewith relating to the Collateral. The Maker represents
and warrants that this Promissory Note, together with the taking by the Payee of
possession of the Collateral with respect hereto, creates a valid first priority
lien and security interest in the Collateral, enforceable against the Maker and
all third parties, and validly secures the payment of the secured obligations.
Maker represents and warrants that it has good and marketable title to and will
at all times keep the Collateral free of all liens and encumbrances, except for
the security interest created hereby, and the Maker has made no other
assignment, transfer, conveyance, pledge or grant of a security interest in the
Collateral. The Maker shall not, without the prior written consent of the Payee,
which will not be unreasonably withheld or delayed, sell, convey, assign,
pledge, grant a security interest in or otherwise transfer or encumber all or
any part of the Collateral. Maker covenants it shall not cause the issuance of
any additional securities in the issuer of the Collateral other than those
issued and outstanding as of execution hereof. Maker will duly endorse, in
blank, each and every instrument constituting the Collateral by signing on said
instrument or by signing a separate assignment or other documents of transfer,
if required by the Payee, and will at any time or times hereafter perform such
other acts as the Payee may request to establish, maintain, perfect and enforce
the Payee's security interest in the Collateral and rights under this Promissory
Note.

         5.       Default and Remedies.
                  ---------------------

                  (a) Default. The occurrence of any of the following shall
constitute an event of default ("Event of Default"):

                           (i) Failure to Pay. Maker fails to pay, when due, any
of its obligations under this Promissory Note at their due date, and such
failure continues unremedied for a period of three business days after written
notice from Payee to Maker of such failure.

                           (ii) Failure to Perform. Maker fails to perform or
observe any other material covenant, term or condition of this Promissory Note
to be performed or observed by Maker and such failure continues unremedied for a
period of ten business days after written notice from Payee to Maker of such
failure.

<PAGE>

                           (iii) Petition By or Against Maker. There is filed by
or against Maker any petition or complaint with respect to its own financial
condition under any state or federal bankruptcy law or any amendment thereto
(including without limitation a petition for reorganization, arrangement or
extension of debts) or under any other similar insolvency laws providing for the
relief of debtors and such petition or complaint is not set aside, stayed or
terminated within 60 days after filing; or

                           (iv) Appointment of Receiver. A receiver, trustee,
conservator or liquidator is appointed for Maker, or for all or a substantial
part of its assets; or Maker shall be adjudicated bankrupt, insolvent or in need
of any relief provided to debtors by any court and such appointment or
adjudication is not set aside, stayed or terminated within 60 days after filing.

         b. Remedies. Upon the occurrence of an Event of Default and for so long
as such default is continuing:

                  (i) The outstanding principal amount of this Promissory Note
         and accrued interest thereon shall, at the option of Payee, become
         immediately due and payable.

                  (ii) Payee may exercise any of other remedies available to it
         under applicable law. Foreclosure upon the Collateral shall not be the
         sole or prerequisite remedy of Payee.

                  (iii) Maker shall be liable for all costs, charges and
         expenses incurred by Payee by reason of the occurrence of any Event of
         Default or the exercise of Payee's remedies with respect thereto.

                  (iv) In case of any one or more of the Events of Default, the
         holder of this Promissory Note may proceed to protect and enforce its
         rights either by suit in equity and/or by action at law, whether for
         the specific performance of any covenant or agreement contained in this
         Promissory Note, other instrument or in aid of the exercise of any
         power granted in this Promissory Note, other instrument or proceed to
         enforce the payment of this Promissory Note or to enforce any other
         legal or equitable right of the registered holder of this Promissory
         Note.

                  (v) The Maker hereby waives and releases all benefits that
         might accrue to the Maker by virtue of any present or future laws
         exempting any property, real or personal, or any part of the proceeds
         arising from any sale of any such property, from attachment, levy, or
         sale under execution, or providing for any stay of execution, exemption
         from civil process or extension of time for payment; and the Maker
         agrees that any real estate that may be levied upon pursuant to a
         judgment obtained by virtue hereof, on any writ of execution issued
         thereon, may be sold upon any such writ in whole or in part in any
         order desired by the holder.
<PAGE>

                  (vi) Except as expressly set forth herein, the Maker hereby
         waives demand, notice of demand, notice of nonpayment or dishonor,
         protest and notice of protest of this Promissory Note, and all other
         notices not specifically required hereby in connection with the
         delivery, acceptance, performance, default, or enforcement of the
         payment of this Promissory Note, and agrees that its liability
         hereunder shall be unconditional.

                  (vii) The holder of this Promissory Note shall not be deemed,
         by any act of omission or commission, to have waived any of its rights
         or remedies hereunder unless such waiver is in writing and signed by
         the holder, and then only to the extent specifically set forth in
         writing. A waiver of one event shall not be construed as continuing or
         as a bar to or waiver of any right or remedy to a subsequent event.

                  (viii) No right or remedy herein conferred upon the holder of
         this Promissory Note is intended to be exclusive of any other right or
         remedy, and each and every such right and remedy shall be cumulative
         and shall be in addition to every other right or remedy given hereunder
         or now or hereafter existing at law or in equity or by statute or
         otherwise, and the failure to exercise any such right or remedy shall
         in no event be construed as a waiver or release thereof. No course of
         dealing between the Maker and the holder hereof or any delay on the
         part of the holder hereof in exercising any rights hereunder shall
         operate as a waiver of any rights of such holder.

         6.       Investment Intent. This Promissory Note is delivered to Payee
in reliance upon its representation that Payee is acquiring this Promissory Note
for investment purposes only and not with a view to resale, or with an intent of
participating directly or indirectly in any distribution within the meaning of
the Act. Payee may not divide his participation with others or resell, assign or
otherwise dispose of all or any part of this Promissory Note, except in
accordance with applicable securities laws.

         7.       No Shareholder Rights. Neither delivery of this Promissory
Note by Maker, nor ownership of this Promissory Note by Payee, shall confer upon
Payee any rights as a shareholder of Maker.

         8.       Miscellaneous.

         a. Waivers. No waiver of any term or condition of this Promissory Note
shall be construed to be a waiver of any succeeding breach of the same term or
condition. No failure or delay of Payee to exercise any power hereunder, or to
insist upon strict compliance by Maker of any obligations hereunder, and no
custom or other practice at variance with the terms hereof shall constitute a
waiver of the right of Payee to demand exact compliance with such terms.
<PAGE>

         b. Invalid Terms. In the event any provision contained in this
Promissory Note shall, for any reason, be held invalid, illegal or unenforceable
in any respect, such invalidity, illegality or unenforceability shall not affect
any other provision of this Promissory Note, and this Promissory Note shall be
construed as if such invalid, illegal or unenforceable provision had never been
contained herein.

         c. Successors. This Promissory Note shall be binding upon Maker, its
legal representatives, successors and assigns, and inure to the benefit of
Payee, its legal representatives, successors and assigns.

         d. Controlling Law. This Promissory Note shall be read, construed and
governed in all respects in accordance with the laws of the State of New York;
without giving effect to any choice or conflict of law provision or rule
(whether of the State of New York or any other jurisdiction) that would cause
the application of the laws of any jurisdiction other than the State of New
York.

         e. Notices. All notices, requests, demands and other communications
required or permitted to be given hereunder shall be sufficiently given if
addressed to Maker c/o Atlas Pearlman, Suite 1700, 350 East Las Olas Boulevard,
Fort Lauderdale, Florida 33301 and to Payee at the last designated address as
provided by Payee, posted in the U.S. mail by certified or registered mail,
return receipt requested.

         f. Construction of Terms. Whenever the context so requires, any gender
is deemed to include any other, and the singular is deemed to include the
plural, and conversely.

         g. Time of Essence. Time is of the essence in this Promissory Note and
each and every provision hereof.

         h. Headings. All section and subsection headings herein, wherever they
appear, are for convenience only and shall not affect the construction of any
terms herein.

         i. Payment of Expenses. The Maker shall pay at closing all of the
Payee's reasonable attorneys' fees and other costs related to this Agreement,
including, without limitation, all fees and costs incurred in connection with
(i) the preparation of this Agreement, (ii) the handling and monitoring of the
Subsidiary shares pledged hereunder, (iii) the preparation, filing and
effectiveness of a Registration Statement with respect to shares of the Maker's
common stock issued in a related transaction, and (iv) enforcement of the terms
of this Agreement.

                            [Signature Page Follows]
<PAGE>

<PAGE>

IN WITNESS WHEREOF, the undersigned has caused this Promissory Note to be
executed by its duly authorized officer as of the day and year first above
written.

                                            VIVA GAMING & RESORTS INC.

                                            By: /s/ Martin Gross
                                                --------------------------
                                                     Name:  Martin Gross
                                                     Title: President/CEO

Witness:

/s/ Steve Sohng
------------------------
Name:  Steve Sohng
Title: Database Mgr. Viva Gaming

<PAGE>

                                   SCHEDULE A

Collateral Security under Promissory Note dated August 22, 2000, issued by VIVA
Gaming & Resorts Inc., in favor of Robert Sim.

(i) All stock and all dividends, cash, instruments and other property from
time to time received, receivable or otherwise distributed in respect of or in
exchange for any or all of 3,215,000 common shares in the capital stock of Viva
Gaming & Resort de Mexico, S.A. de C.V. a variable capital corporation
(hereinafter "Viva Mexico"), duly incorporated pursuant to the laws of the
Republic of Mexico, such shares comprising 64.3% of the total issued and
outstanding shares of Viva Mexico's common stock (the "Collateral Security").
The Maker covenants it shall not cause the issuance of any additional securities
in Viva Mexico during the term of the Promissory Note.

<PAGE>

                                ESCROW AGREEMENT
                                   Robert Sim

         ESCROW AGREEMENT made as of this 22nd day of August, 2000 (the "Escrow
Agreement"), by and between the VIVA Gaming & Resort, a Florida corporation (the
"Company"), Robert Sim, the holder of a promissory Note of the company with a
principle amount of $ 500,000 (the "Lender") and Wuersch & Gering LLP, with
offices at 11 Hanover Square, 21st Floor, New York, New York 10005, facsimile:
212-509-9559 (the "Escrow Agent", which term shall include any successor escrow
agent appointed in accordance with Section 7(b) hereof).

                  The parties hereto are entering into this Escrow Agreement in
connection with a certain Promissory Note executed by the Company on the date
set forth therein (the "Note"); capitalized terms used but not otherwise defined
herein shall have the meaning ascribed to them in the Notes.

                  Now therefore, in consideration of the mutual agreements
herein contained, the parties hereto hereby agree as follows:

                  1. Appointment of Escrow Agent. The Escrow Agent is hereby
appointed to act as escrow agent hereunder and the Escrow Agent agrees to act as
such pursuant to the terms hereinafter set forth.

                  2. Escrow Certificate. (a) In accordance with the terms of the
Escrow Agreement, the Company will be delivering to the Escrow Agent a stock
certificate or certificates representing 1,071,667 shares of common stock of the
Viva Gaming & Resort de Mexico, S.A. de C.V. (the "Viva Mexico Stock") held by
the Company (the "Escrow Certificate"). The Escrow Certificate shall be held in
escrow by the Escrow Agent, pending its release as hereinafter provided.

                  3. Release of Escrow Certificate. The Escrow Certificate shall
be released by the Escrow Agent upon mutual written consent by the Company and
the Lender to this agreement or in absence thereof, by the order of a court of
competent jurisdiction. Such written instructions shall be in form and substance
reasonably satisfactory to the Escrow Agent and shall be duly executed by the
Company and the Lender. Except as otherwise provided herein, upon receipt of
such written instructions, the Escrow Agent shall be entitled to dispose of the
Escrow Certificate in the manner and to the persons reasonably set forth
therein. If no reasonable delivery method is specified in such instructions, the
Escrow Agent shall be entitled to deliver the Escrow Certificate by overnight
courier, certified mail or hand delivery or such other method as Escrow Agent,
in its sole discretion, deems appropriate under the circumstances.

                  4. Termination. This Escrow Agreement may be terminated by
mutual consent of the Company and the Lender at any time by giving the Escrow
Agent prior written notice of termination executed by the Company and the
Lender, directing the distribution of all the Escrow Certificate by the Escrow

<PAGE>

Agent under and pursuant to this Escrow Agreement. In such event, the Escrow
Agent shall dispose of the Escrow Certificate as specified in such notice. In
the event that a dispute arises in connection with the release of the Escrow
Certificate, the Escrow Agent shall have the sole and absolute right to resign
in accordance with the provisions of Section 5(b) hereof. This Escrow Agreement
shall automatically terminate if and when the Escrow Certificate shall have been
distributed by the Escrow Agent in accordance with the terms of this Escrow
Agreement.

                  5. The Escrow Agent.
                     ----------------

                  (a) Obligations. (i) The obligations of the Escrow Agent are
those specifically provided in this Escrow Agreement and no others, and the
Escrow Agent shall have no liability under, and no duty to inquire into the
terms and provisions, of any agreement between the parties hereto and no implied
covenants or obligations shall be read into this Escrow Agreement or the Hold
Agreement against the Escrow Agent, nor shall the Escrow Agent have any
responsibility to inquire into the validity or enforceability of any agreement,
instrument or instructions. The Escrow Agent is acting hereunder as an
accommodation to the Company and the Lender. The Escrow Agent may consult with
counsel of its choice, and shall not be liable for following the advice of such
counsel. The Escrow Agent shall not be liable FOR THE PERFORMANCE OF ITS DUTIES
HEREUNDER, for any action taken in accordance with the terms hereof or any
instructions, requests or directions it is required or authorized to follow
under any provision of this Escrow Agreement or otherwise or which is otherwise
within the rights and powers conferred upon it by this Escrow Agreement, IN EACH
CASE, EXCEPT FOR ITS WILLFUL MISCONDUCT OR GROSS NEGLIGENCE. The duties of the
Escrow Agent are purely ministerial in nature and shall not include the
provision of legal services to the Company or the Lender in connection with the
transactions contemplated hereby or by the Hold Agreement.

                  (ii) The Escrow Agent shall not have any responsibility for
the genuineness or validity of any document or other item deposited with it or
of any signature thereon or for the identity, authority or right of any person
executing or depositing the same and shall not have any liability for acting in
accordance with any written instructions or certificates given to it hereunder
signed by the proper parties.

                  (iii) The Escrow Agent shall have no responsibility whatsoever
for the loss in transit of the Escrow Certificate or any portion thereof to or
from the Escrow Agent or the failure of any portion of the Escrow Certificate to
reach the intended destination; provided that the Escrow Agent shall have
complied with Section 3 hereof and shall actually have delivered the Escrow
Certificate to the appropriate delivery service provider. Unless the Escrow
Agent shall have received reasonable delivery instructions in form and substance
satisfactory to it, the Escrow Agent shall not be obligated to release any
portion of the Escrow Certificate. Escrow Agent's liability for any loss or
damage to the Escrow Certificate prior to such delivery shall be limited to the
reasonable replacement costs thereof, and the Escrow Agent shall have no further
liability to any party as a result of such loss or damage; provided that the
Escrow Agent shall have kept such items in a locked compartment within or
outside of its premises, except for reasonable periods of time following
receipt, during transit from one locked compartment to another and prior to the
delivery of such items. IN NO EVENT SHALL THE ESCROW AGENT BE LIABLE FOR
CONSEQUENTIAL OR SPECIAL DAMAGES AS A RESULT OF ANY LOSS OF OR DAMAGE TO ALL OR
PART OF THE ESCROW CERTIFICATE.

<PAGE>

                  (iv) Anything herein contained to the contrary
notwithstanding, the Escrow Agent shall not be obligated to take any action
which might in its reasonable judgment involve it in any expense or liability
unless furnished with reasonable indemnity.

                  (v) In making any distribution or taking any other action
hereunder, the Escrow Agent shall have the right to rely upon and shall be
protected in acting or refraining from acting upon any certificate, opinion,
consent or other document believed by it to be genuine and to have been executed
or presented by the proper party or parties. Any such signature of any party
hereto on any notice or instruction transmitted by facsimile shall constitute
the due execution and delivery of such notice or instruction by such party. The
Escrow Agent shall have the right to assume that any person purporting to give
any notice in accordance with this Escrow Agreement or in connection with any
transaction to which this Agreement related has been duly authorized to do so.
The Escrow Agent shall not be obligated to make any inquiry as to the authority,
capacity, existence, or identity of any person purporting to give any such
notice. The Escrow Agent may perform any of the duties provided for herein
either directly or through agents or attorneys and be protected from any
liability in acting, in the absence of bad faith, upon the advice of attorneys
and accountants.

                  (vi) If the Escrow Agent is uncertain as to its duties or
rights hereunder or shall receive a notice from the Company or the Lender with
respect to the Escrow Certificate that, in the Escrow Agent's sole and absolute
discretion, is in conflict with any of the terms hereof it may refrain from
taking any action until otherwise directed by an order of a court or arbitrator
of competent jurisdiction.

                  (vii) The Escrow Agent makes no representation as to and has
no responsibility for the validity or sufficiency of this Escrow Agreement,
except that the Escrow Agent represents and warrants that the partner executing
this Escrow Agreement on its behalf has the authority to do so and that this
Escrow Agreement is valid and binding in respect of the Escrow Agent in
accordance with its terms.

                  (b) Resignation and Removal. The Escrow Agent may resign from
its duties hereunder at any time by giving at least 10 days prior written notice
of such resignation to the Company or the Lender and specifying a date upon
which such resignation shall take effect; provided, however, that the Escrow
Agent shall continue to serve until its successor accepts the Escrow Certificate
pursuant to a written assignment and assumption instrument pursuant to which the
rights of the Escrow Agent are assigned to such successor and such successor
expressly assumes the obligations of the Escrow Agent hereunder. Notwithstanding
the foregoing, however, the Escrow Agent shall, in the alternative, have the
right but not the obligation, at any time, following 5 business days written
notice to the other parties hereto, to resign as Escrow Agent and deposit the
Escrow Certificate with a court of competent jurisdiction and the Escrow Agent
shall thereupon have no further obligation with respect thereto. Upon receipt of

<PAGE>

such notice, a successor escrow agent shall be appointed by the Lender, such
successor escrow agent to become the Escrow Agent hereunder on the resignation
date specified in such notice. If an instrument of assignment and assumption by
a successor escrow agent shall not have been delivered to the Escrow Agent
within 15 business days after the giving of such notice of resignation, the
resigning Escrow Agent may petition any court of competent jurisdiction for the
appointment of a successor escrow agent. The Lender may at any time remove the
Escrow Agent and substitute a new escrow agent by giving 10 business days prior
written notice thereof to the Escrow Agent then acting.

                  (c) Indemnification. The Company and the Lender have agreed to
hold the Escrow Agent harmless from and against and indemnify the Escrow Agent
for any loss, liability, expense (including reasonable attorneys' fees and
expenses), claim or demand arising out of or in connection with its performance
under this Escrow Agreement, except in the event of gross negligence or willful
misconduct of the Escrow Agent. The foregoing indemnities in this Section 5(c)
shall survive the resignation or substitution of the Escrow Agent and the
termination of this Escrow Agreement.

                  (d) Expenses of the Escrow Agent. The Company agrees herewith
to bear the cost for reasonable expenses incurred by the Escrow Agent in the
performance of services pursuant to this Escrow Agreement and to promptly
reimburse the Escrow Agent upon receipt of a written request for reimbursement
and the presentation of proper vouchers or receipts therefor.

                  6. Disputes. (a) If any dispute should arise with respect to
the ownership or right of possession of the Escrow Certificate, the Escrow Agent
shall be authorized and directed to retain in its possession, without liability
to anyone, all or any portion of the Escrow Certificate until such dispute shall
have been settled either by agreement of the parties concerned or by a Final
Decree, but the Escrow Agent shall be under no duty whatsoever to institute or
defend any such proceedings.

                  (b) The Company shall bear all of its own costs and expenses
and all costs and expenses incurred by the Lender in resolving any dispute
arising under this Escrow Agreement. Any costs incurred by the Escrow Agent in
connection with any dispute arising under this Escrow Agreement shall be
reimbursed to the Escrow Agent pursuant to the provisions of Section 5 (d) . If
the Escrow Agent is not reimbursed for such expenses within 30 days' written
notice thereof, the Escrow Agent shall be entitled to resign, upon 15 days'
prior written notice to the Company and the Lender. If no successor escrow agent
is named by the end of such 15 day period, the Escrow Agent shall have the right
to deposit the Escrow Certificate with an appropriate court and the Escrow Agent
shall have no further obligation under this Escrow Agreement.

                  7. Notices and Instructions. All notices, instructions
(including without limitation any instructions pursuant to Section 3 hereof) or
other communications which are required or permitted to be given hereunder shall
be in writing and shall be personally delivered, sent by certified mail, return
receipt requested, by a nationally-recognized overnight courier or facsimile, to
the other party at the address first above written, or to such other address as
the party to whom notice is to be given may have furnished to the other party in
writing. Any such communication shall be deemed to have been given when (i)

<PAGE>

delivered, if personally delivered, (ii) on receipt, if sent by mail, (iii) on
the third business day after dispatch, if sent by a recognized overnight courier
(without limiting the generality of the foregoing, Federal Express, DHL and UPS
shall be deemed to be recognized overnight couriers for purposes of this
Agreement), and (iv) within one business day if sent by facsimile.

                  8. Counterparts. This Escrow Agreement may be executed in any
number of counterparts, and each such counterpart shall be deemed to be an
original instrument, but all such counterparts together shall constitute but one
agreement

                  9. Governing Law and Jurisdiction. This Escrow Agreement shall
be governed by and construed in accordance with the laws of the State of New
York, without giving effect to the principles of conflicts of laws thereunder.
This Escrow Agreement shall be subject to the exclusive jurisdiction of the
courts located in New York County, New York. The parties to this Escrow
Agreement agree that any breach of any term or condition of this Escrow
Agreement shall be deemed to be a breach occurring in the State of New York by
virtue of a failure to perform an act required to be performed in the State of
New York, and the parties irrevocably and expressly agree to submit to the
jurisdiction of the courts of the State of New York for the purpose of resolving
any disputes among the parties relating to this Escrow Agreement or the
transactions contemplated hereby. The parties hereto irrevocably waive, to the
fullest extent permitted by law, any objection which they may now or hereafter
have to the laying of venue of any suit, action or proceeding arising out of or
relating to this Escrow Agreement, or any judgment entered by any court in
respect hereof brought in New York County, New York, and further irrevocably
waive any claim that any suit, action or proceeding brought in New York County,
New York has been brought in an inconvenient forum.

                  10. Benefits of Agreement. All the terms and provisions of
this Escrow Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns; and nothing in this
Escrow Agreement, express or implied, is intended to confer on any person,
corporation, group or other entity other than the parties hereto or their
respective successors and assigns, any rights, remedies, obligations or
liabilities under or by reason of this Escrow Agreement. Anything contained
herein to the contrary notwithstanding, this Escrow Agreement shall not be
assignable by any party hereto without the consent of the other parties hereto.

                  11. Full Force and Effect. This Escrow Agreement shall remain
in full force and effect until the Escrow Agent has delivered the Escrow
Certificate in accordance with the terms hereof.

                  12. Severability. If any provision contained herein shall be
illegal or unenforceable, the parties hereto agree that the remainder of this
Escrow Agreement shall remain in full force and effect and that such illegal or
unenforceable provision shall be replaced with a provision which provides the
party or parties affected thereby with the same or a comparable economic benefit
as that provided by such illegal or unenforceable provision.
<PAGE>

                  13. Modification. This Escrow Agreement shall not be altered
or otherwise amended, except pursuant to an instrument in writing signed by each
of the parties hereto.

                  14. Descriptive Headings. The descriptive headings in this
Escrow Agreement are for convenience only and shall not control or affect the
meaning or constructing of any provision of this Escrow Agreement.

                  15. Transfer. The Lender shall not sell, assign, transfer
exchange or otherwise dispose of, or grant any option or warrant with respect
to, all or any part of the Escrow Certificate, nor shall it create, incur or
permit to exist any pledge, lien, mortgage, hypothecation, security interest,
charge or other encumbrance with respect to all or part of the Escrow
Certificate.

                           [signature page to follow]

<PAGE>

                  IN WITNESS WHEREOF, the parties hereto have caused this Escrow
Agreement to be executed and delivered on the date first above written.

                                 Company: VIVA GAMING & RESORTS INC.

                                 /s/ Martin Gross
                                 ----------------------------------
                                 Name: Martin Gross
                                      -----------------------------
                                 Title: President & CEO
                                      -----------------------------

                                 Lender:
                                 /s/ Robert Sims
                                 -----------------------------------
                                 Name: Robert C. Sims
                                 -----------------------------------
                                 Title: Chairman, Viva Gaming & Resorts Inc.
                                 -----------------------------------

                                 ESCROW AGENT:

                                 WUERSCH & GERING LLP

                                 /s/ Travis Gering
                                 ---------------------------------
                                 By: Travis Gering
                                     Partner
<PAGE>

THIS PROMISSORY NOTE IS ONE OF A SERIES OF TWO PROMISSORY NOTES OF LIKE TERMS
AND TENOR.

THIS PROMISSORY NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED ("ACT"), OR ANY STATE SECURITIES LAWS, AND MAY NOT BE SOLD OR
OTHERWISE TRANSFERRED OR DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAW, OR
AN OPINION OF COUNSEL SATISFACTORY TO THE MAKER THAT AN EXEMPTION FROM
REGISTRATION UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS IS
AVAILABLE.

                 SECURED PROMISSORY NOTE AND SECURITY AGREEMENT
                 ----------------------------------------------

August 22, 2000.                                                     $1,000,000

FOR VALUE RECEIVED, the undersigned, VIVA GAMING & RESORT INC., a corporation
duly incorporated under the laws of the State of Florida ("Maker"), hereby
promises to pay to the order of Thomson Kernaghan & Co. Ltd. ("Payee") the
principal sum of one million Dollars ($1,000,000) with interest on the unpaid
principal balance, payable as herein provided, at the rate of ten percent (10%)
per annum in accordance with the terms and conditions of this Promissory Note
and Security Agreement (the "Promissory Note"). The outstanding principal
balance of this Promissory Note and all accrued and unpaid interest thereon,
shall become due and payable on September 30, 2000, unless extended as
hereinafter provided (the "Maturity Date").

         1. Payments of Interest and Principal.
            ----------------------------------

         a. Interest. Maker shall pay interest to Payee on the outstanding
principal balance owed to Payee hereunder at the rate of ten percent (10%) per
annum. Interest shall be accrued and all accrued and unpaid interest shall be
paid on the Maturity Date of this Promissory Note.

         b. Principal. Maker shall have no duty or obligation to pay any portion
of the outstanding principal owed hereunder, except as hereinafter provided,
until the Maturity Date. On the Maturity Date all outstanding principal, and
accrued but unpaid interest, shall be due and payable, and shall be paid to
Payee.

         c. Payments. All payments made hereunder shall be applied as made first
to the payment of interest then due, and the balance of said payment shall be
applied to the payment of principal.

<PAGE>

         d. Prepayments. This Promissory Note may be prepaid, in whole or in
part, at any time, without penalty.

    2.   Extensions.

         a. Acknowledgment. Maker and Payee acknowledge their intent
that amounts due under this Promissory Note are to be paid from the proceeds of
a private placement of $10 million in securities (the "Placement") of VIVA
Gaming & Resorts Inc., a Florida corporation ("VIVA (US)") to be undertaken
promptly following the date hereof, with the assistance of Payee. To the extent
that the Placement is not consummated on or prior to September 30, 2000, Maker
and Payee have agreed to extend the Maturity Date as follows.

         b. Failure by Payee. In the event the Placement is not consummated on
or prior to September 30, 2000 for any reason other than as set forth in Section
2(c) below, the Maturity Date of this Promissory Note shall be extended to
December 31, 2000.

         c. Failure by Maker. In the event the Placement is not consummated on
or prior to September 30, 2000 due to a "flaw of or by VIVA (US)", then (i) the
Maturity Date shall be extended to October 31, 2000, (ii) Payee shall not be
obligated to use its best efforts to enable VIVA (US) to complete the Placement,
and (iii) Payee shall be entitled to foreclose on the Collateral in the manner
set forth in the Escrow Agreement. For purposes hereof, a "flaw of or by VIVA
(US)" shall mean an event or events relating to VIVA (US) that would materially
and adversely affect a reasonable investor's determination to participate in the
Placement. A "flaw of or by VIVA (US)" shall not include a change in general
economic conditions, information contained in any of the documents described in
Section 2(d)(i)- (iii) or information actually known to Payee as of the date
hereof.

         d. Available Information and Best Efforts. Payee understands that VIVA
(US) has a class of securities registered under Section 12(g) of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), and is required to file
periodic reports with the Securities and Exchange Commission ("SEC"), in
accordance with Exchange Act rules. Payee acknowledges that it has received and
reviewed copies of the following documents of VIVA (US):

                  (i) Registration Statement on Form 10-SB filed April 10, 2000;

                  (ii) Quarterly Report on Form 10-QSB for the quarter ended
         March 31, 2000, filed May 15, 2000; and

                  (iii) draft Quarterly Report on Form 10-QSB for the quarter
         ended June 30, 2000, not yet filed with the SEC.

Payee confirms and acknowledges that based upon its review of the foregoing
documents, conversations it has had with management of VIVA (US) and the results
of its due diligence investigation, nothing has come to the attention of Payee
that would constitute a "flaw" within the meaning of Section 2(c) hereof. Payee
hereby agrees to use its best efforts to enable VIVA (US) to complete the
Placement.
<PAGE>

         3.       Place of Payment. All payments of principal and interest shall
be made to Payee at its address specified in Section 8(e) below, or as otherwise
specified by Payee, in writing, to Maker.

         4.       Collateral Security. Maker's obligation to pay amounts due
under this Promissory Note and the Promissory Note issued to Thomson Kernaghan &
Co. Ltd. are secured by the collateral identified on Schedule A hereto (the
"Collateral"). The Collateral is to be held in escrow for that purpose under the
terms of an Escrow Agreement by and among Maker, Lenders and Wuersch & Gering
LLP, Attorneys At Law, as escrow agent. Payee's entitlement to foreclose on the
collateral is governed by the terms of this Promissory Note and such Escrow
Agreement of even date herewith relating to the Collateral. The Maker represents
and warrants that this Promissory Note, together with the taking by the Payee of
possession of the Collateral with respect hereto, creates a valid first priority
lien and security interest in the Collateral, enforceable against the Maker and
all third parties, and validly secures the payment of the secured obligations.
Maker represents and warrants that it has good and marketable title to and will
at all times keep the Collateral free of all liens and encumbrances, except for
the security interest created hereby, and the Maker has made no other
assignment, transfer, conveyance, pledge or grant of a security interest in the
Collateral. The Maker shall not, without the prior written consent of the Payee,
which will not be unreasonably withheld or delayed, sell, convey, assign,
pledge, grant a security interest in or otherwise transfer or encumber all or
any part of the Collateral. Maker covenants it shall not cause the issuance of
any additional securities in the issuer of the Collateral other than those
issued and outstanding as of execution hereof. Maker will duly endorse, in
blank, each and every instrument constituting the Collateral by signing on said
instrument or by signing a separate assignment or other documents of transfer,
if required by the Payee, and will at any time or times hereafter perform such
other acts as the Payee may request to establish, maintain, perfect and enforce
the Payee's security interest in the Collateral and rights under this Promissory
Note.

         5.       Default and Remedies.

                  (a) Default. The occurrence of any of the following shall
constitute an event of default ("Event of Default"):

                           (i) Failure to Pay. Maker fails to pay, when due, any
of its obligations under this Promissory Note at their due date, and such
failure continues unremedied for a period of three business days after written
notice from Payee to Maker of such failure.

                           (ii) Failure to Perform. Maker fails to perform or
observe any other material covenant, term or condition of this Promissory Note
to be performed or observed by Maker and such failure continues unremedied for a
period of ten business days after written notice from Payee to Maker of such
failure.
<PAGE>

                           (iii) Petition By or Against Maker. There is filed by
or against Maker any petition or complaint with respect to its own financial
condition under any state or federal bankruptcy law or any amendment thereto
(including without limitation a petition for reorganization, arrangement or
extension of debts) or under any other similar insolvency laws providing for the
relief of debtors and such petition or complaint is not set aside, stayed or
terminated within 60 days after filing; or

                           (iv) Appointment of Receiver. A receiver, trustee,
conservator or liquidator is appointed for Maker, or for all or a substantial
part of its assets; or Maker shall be adjudicated bankrupt, insolvent or in need
of any relief provided to debtors by any court and such appointment or
adjudication is not set aside, stayed or terminated within 60 days after filing.

                  b. Remedies. Upon the occurrence of an Event of Default and
for so long as such default is continuing:

                  (i) The outstanding principal amount of this Promissory Note
         and accrued interest thereon shall, at the option of Payee, become
         immediately due and payable.

                  (ii) Payee may exercise any of other remedies available to it
         under applicable law. Foreclosure upon the Collateral shall not be the
         sole or prerequisite remedy of Payee.

                  (iii) Maker shall be liable for all costs, charges and
         expenses incurred by Payee by reason of the occurrence of any Event of
         Default or the exercise of Payee's remedies with respect thereto.

                  (iv) In case of any one or more of the Events of Default, the
         holder of this Promissory Note may proceed to protect and enforce its
         rights either by suit in equity and/or by action at law, whether for
         the specific performance of any covenant or agreement contained in this
         Promissory Note, other instrument or in aid of the exercise of any
         power granted in this Promissory Note, other instrument or proceed to
         enforce the payment of this Promissory Note or to enforce any other
         legal or equitable right of the registered holder of this Promissory
         Note.

                  (v) The Maker hereby waives and releases all benefits that
         might accrue to the Maker by virtue of any present or future laws
         exempting any property, real or personal, or any part of the proceeds
         arising from any sale of any such property, from attachment, levy, or
         sale under execution, or providing for any stay of execution, exemption
         from civil process or extension of time for payment; and the Maker
         agrees that any real estate that may be levied upon pursuant to a
         judgment obtained by virtue hereof, on any writ of execution issued
         thereon, may be sold upon any such writ in whole or in part in any
         order desired by the holder.
<PAGE>

                  (vi) Except as expressly set forth herein, the Maker hereby
         waives demand, notice of demand, notice of nonpayment or dishonor,
         protest and notice of protest of this Promissory Note, and all other
         notices not specifically required hereby in connection with the
         delivery, acceptance, performance, default, or enforcement of the
         payment of this Promissory Note, and agrees that its liability
         hereunder shall be unconditional.

                  (vii) The holder of this Promissory Note shall not be deemed,
         by any act of omission or commission, to have waived any of its rights
         or remedies hereunder unless such waiver is in writing and signed by
         the holder, and then only to the extent specifically set forth in
         writing. A waiver of one event shall not be construed as continuing or
         as a bar to or waiver of any right or remedy to a subsequent event.

                  (viii) No right or remedy herein conferred upon the holder of
         this Promissory Note is intended to be exclusive of any other right or
         remedy, and each and every such right and remedy shall be cumulative
         and shall be in addition to every other right or remedy given hereunder
         or now or hereafter existing at law or in equity or by statute or
         otherwise, and the failure to exercise any such right or remedy shall
         in no event be construed as a waiver or release thereof. No course of
         dealing between the Maker and the holder hereof or any delay on the
         part of the holder hereof in exercising any rights hereunder shall
         operate as a waiver of any rights of such holder.

         6.       Investment Intent. This Promissory Note is delivered to Payee
in reliance upon its representation that Payee is acquiring this Promissory Note
for investment purposes only and not with a view to resale, or with an intent of
participating directly or indirectly in any distribution within the meaning of
the Act. Payee may not divide his participation with others or resell, assign or
otherwise dispose of all or any part of this Promissory Note, except in
accordance with applicable securities laws.

         7.       No Shareholder Rights. Neither delivery of this Promissory
Note by Maker, nor ownership of this Promissory Note by Payee, shall confer upon
Payee any rights as a shareholder of Maker.

         8.       Miscellaneous.

         a. Waivers. No waiver of any term or condition of this Promissory Note
shall be construed to be a waiver of any succeeding breach of the same term or
condition. No failure or delay of Payee to exercise any power hereunder, or to
insist upon strict compliance by Maker of any obligations hereunder, and no
custom or other practice at variance with the terms hereof shall constitute a
waiver of the right of Payee to demand exact compliance with such terms.

<PAGE>

         b. Invalid Terms. In the event any provision contained in this
Promissory Note shall, for any reason, be held invalid, illegal or unenforceable
in any respect, such invalidity, illegality or unenforceability shall not affect
any other provision of this Promissory Note, and this Promissory Note shall be
construed as if such invalid, illegal or unenforceable provision had never been
contained herein.

         c. Successors. This Promissory Note shall be binding upon Maker, its
legal representatives, successors and assigns, and inure to the benefit of
Payee, its legal representatives, successors and assigns.

         d. Controlling Law. This Promissory Note shall be read, construed and
governed in all respects in accordance with the laws of the State of New York;
without giving effect to any choice or conflict of law provision or rule
(whether of the State of New York or any other jurisdiction) that would cause
the application of the laws of any jurisdiction other than the State of New
York.

         e. Notices. All notices, requests, demands and other communications
required or permitted to be given hereunder shall be sufficiently given if
addressed to Maker c/o Atlas Pearlman, Suite 1700, 350 East Las Olas Boulevard,
Fort Lauderdale, Florida 33301 and to Payee at the last designated address as
provided by Payee, posted in the U.S. mail by certified or registered mail,
return receipt requested.

         f. Construction of Terms. Whenever the context so requires, any gender
is deemed to include any other, and the singular is deemed to include the
plural, and conversely.

         g. Time of Essence. Time is of the essence in this Promissory Note and
each and every provision hereof.

         h. Headings. All section and subsection headings herein, wherever they
appear, are for convenience only and shall not affect the construction of any
terms herein.

         i. Payment of Expenses. The Maker shall pay at closing all of the
Payee's reasonable attorneys' fees and other costs related to this Agreement,
including, without limitation, all fees and costs incurred in connection with
(i) the preparation of this Agreement, (ii) the handling and monitoring of the
Subsidiary shares pledged hereunder, (iii) the preparation, filing and
effectiveness of a Registration Statement with respect to shares of the Maker's
common stock issued in a related transaction, and (iv) enforcement of the terms
of this Agreement.

                            [Signature Page Follows]

<PAGE>

IN WITNESS WHEREOF, the undersigned has caused this Promissory Note to be
executed by its duly authorized officer as of the day and year first above
written.

                                                 VIVA GAMING & RESORTS INC.

                                                 By: /s/ Martin Gross
                                                     ---------------------------
                                                          Name: Martin Gross
                                                          Title: President/CEO

Witness:

 /s/ Steve Sohng
------------------------
Name:  Steve Sohng
Title: Database Mgr. Viva Gaming

<PAGE>

                                   SCHEDULE A

Collateral Security under Promissory Note dated August 22, 2000, issued by VIVA
Gaming & Resorts Inc., in favor of Thomson Kernaghan & Co. Ltd.

(i) All stock and all dividends, cash, instruments and other property from
time to time received, receivable or otherwise distributed in respect of or in
exchange for any or all of 3,215,000 common shares in the capital stock of Viva
Gaming & Resort de Mexico, S.A. de C.V. a variable capital corporation
(hereinafter "Viva Mexico"), duly incorporated pursuant to the laws of the
Republic of Mexico, such shares comprising 64.3% of the total issued and
outstanding shares of Viva Mexico's common stock (the "Collateral Security").
The Maker covenants it shall not cause the issuance of any additional securities
in Viva Mexico during the term of the Promissory Note.

<PAGE>
                                ESCROW AGREEMENT
                           Thomson Kernaghan & Co. Ltd

         ESCROW AGREEMENT made as of this 22nd day of August, 2000 (the "Escrow
Agreement"), by and between the VIVA Gaming & Resort, a Florida corporation (the
"Company"), Thomson Kernaghan & Co. Ltd., the holder of a promissory Note of the
company with a principle amount of $ 1,000,000 (the "Lender") and Wuersch &
Gering LLP, with offices at 11 Hanover Square, 21st Floor, New York, New York
10005, facsimile: 212-509-9559 (the "Escrow Agent", which term shall include any
successor escrow agent appointed in accordance with Section 7(b) hereof).

                  The parties hereto are entering into this Escrow Agreement in
connection with a certain Promissory Note executed by the Company on the date
set forth therein (the "Note"); capitalized terms used but not otherwise defined
herein shall have the meaning ascribed to them in the Notes.

                  Now therefore, in consideration of the mutual agreements
herein contained, the parties hereto hereby agree as follows:

                  1. Appointment of Escrow Agent. The Escrow Agent is hereby
appointed to act as escrow agent hereunder and the Escrow Agent agrees to act as
such pursuant to the terms hereinafter set forth.

                  2. Escrow Certificate. (a) In accordance with the terms of the
Escrow Agreement, the Company will be delivering to the Escrow Agent a stock
certificate or certificates representing 2,143,333 shares of common stock of the
Viva Gaming & Resort de Mexico, S.A. de C.V. (the "Viva Mexico Stock") held by
the Company (the "Escrow Certificate"). The Escrow Certificate shall be held in
escrow by the Escrow Agent, pending its release as hereinafter provided.

                  3. Release of Escrow Certificate. The Escrow Certificate shall
be released by the Escrow Agent upon mutual written consent by the Company and
the Lender to this agreement or in absence thereof, by the order of a court of
competent jurisdiction. Such written instructions shall be in form and substance
reasonably satisfactory to the Escrow Agent and shall be duly executed by the
Company and the Lender. Except as otherwise provided herein, upon receipt of
such written instructions, the Escrow Agent shall be entitled to dispose of the
Escrow Certificate in the manner and to the persons reasonably set forth
therein. If no reasonable delivery method is specified in such instructions, the
Escrow Agent shall be entitled to deliver the Escrow Certificate by overnight
courier, certified mail or hand delivery or such other method as Escrow Agent,
in its sole discretion, deems appropriate under the circumstances.

                  4. Termination. This Escrow Agreement may be terminated by
mutual consent of the Company and the Lender at any time by giving the Escrow
Agent prior written notice of termination executed by the Company and the
Lender, directing the distribution of all the Escrow Certificate by the Escrow

<PAGE>

Agent under and pursuant to this Escrow Agreement. In such event, the Escrow
Agent shall dispose of the Escrow Certificate as specified in such notice. In
the event that a dispute arises in connection with the release of the Escrow
Certificate, the Escrow Agent shall have the sole and absolute right to resign
in accordance with the provisions of Section 5(b) hereof. This Escrow Agreement
shall automatically terminate if and when the Escrow Certificate shall have been
distributed by the Escrow Agent in accordance with the terms of this Escrow
Agreement.

                  5. The Escrow Agent.
                     -----------------

                  (a) Obligations. (i) The obligations of the Escrow Agent are
those specifically provided in this Escrow Agreement and no others, and the
Escrow Agent shall have no liability under, and no duty to inquire into the
terms and provisions, of any agreement between the parties hereto and no implied
covenants or obligations shall be read into this Escrow Agreement or the Hold
Agreement against the Escrow Agent, nor shall the Escrow Agent have any
responsibility to inquire into the validity or enforceability of any agreement,
instrument or instructions. The Escrow Agent is acting hereunder as an
accommodation to the Company and the Lender. The Escrow Agent may consult with
counsel of its choice, and shall not be liable for following the advice of such
counsel. The Escrow Agent shall not be liable FOR THE PERFORMANCE OF ITS DUTIES
HEREUNDER, for any action taken in accordance with the terms hereof or any
instructions, requests or directions it is required or authorized to follow
under any provision of this Escrow Agreement or otherwise or which is otherwise
within the rights and powers conferred upon it by this Escrow Agreement, IN EACH
CASE, EXCEPT FOR ITS WILLFUL MISCONDUCT OR GROSS NEGLIGENCE. The duties of the
Escrow Agent are purely ministerial in nature and shall not include the
provision of legal services to the Company or the Lender in connection with the
transactions contemplated hereby or by the Hold Agreement.

                  (ii) The Escrow Agent shall not have any responsibility for
the genuineness or validity of any document or other item deposited with it or
of any signature thereon or for the identity, authority or right of any person
executing or depositing the same and shall not have any liability for acting in
accordance with any written instructions or certificates given to it hereunder
signed by the proper parties.

                  (iii) The Escrow Agent shall have no responsibility whatsoever
for the loss in transit of the Escrow Certificate or any portion thereof to or
from the Escrow Agent or the failure of any portion of the Escrow Certificate to
reach the intended destination; provided that the Escrow Agent shall have
complied with Section 3 hereof and shall actually have delivered the Escrow
Certificate to the appropriate delivery service provider. Unless the Escrow
Agent shall have received reasonable delivery instructions in form and substance
satisfactory to it, the Escrow Agent shall not be obligated to release any
portion of the Escrow Certificate. Escrow Agent's liability for any loss or
damage to the Escrow Certificate prior to such delivery shall be limited to the
reasonable replacement costs thereof, and the Escrow Agent shall have no further
liability to any party as a result of such loss or damage; provided that the
Escrow Agent shall have kept such items in a locked compartment within or
outside of its premises, except for reasonable periods of time following
receipt, during transit from one locked compartment to another and prior to the
delivery of such items. IN NO EVENT SHALL THE ESCROW AGENT BE LIABLE FOR
CONSEQUENTIAL OR SPECIAL DAMAGES AS A RESULT OF ANY LOSS OF OR DAMAGE TO ALL OR
PART OF THE ESCROW CERTIFICATE.
<PAGE>

                  (iv) Anything herein contained to the contrary
notwithstanding, the Escrow Agent shall not be obligated to take any action
which might in its reasonable judgment involve it in any expense or liability
unless furnished with reasonable indemnity.

                  (v) In making any distribution or taking any other action
hereunder, the Escrow Agent shall have the right to rely upon and shall be
protected in acting or refraining from acting upon any certificate, opinion,
consent or other document believed by it to be genuine and to have been executed
or presented by the proper party or parties. Any such signature of any party
hereto on any notice or instruction transmitted by facsimile shall constitute
the due execution and delivery of such notice or instruction by such party. The
Escrow Agent shall have the right to assume that any person purporting to give
any notice in accordance with this Escrow Agreement or in connection with any
transaction to which this Agreement related has been duly authorized to do so.
The Escrow Agent shall not be obligated to make any inquiry as to the authority,
capacity, existence, or identity of any person purporting to give any such
notice. The Escrow Agent may perform any of the duties provided for herein
either directly or through agents or attorneys and be protected from any
liability in acting, in the absence of bad faith, upon the advice of attorneys
and accountants.

                  (vi) If the Escrow Agent is uncertain as to its duties or
rights hereunder or shall receive a notice from the Company or the Lender with
respect to the Escrow Certificate that, in the Escrow Agent's sole and absolute
discretion, is in conflict with any of the terms hereof it may refrain from
taking any action until otherwise directed by an order of a court or arbitrator
of competent jurisdiction.

                  (vii) The Escrow Agent makes no representation as to and has
no responsibility for the validity or sufficiency of this Escrow Agreement,
except that the Escrow Agent represents and warrants that the partner executing
this Escrow Agreement on its behalf has the authority to do so and that this
Escrow Agreement is valid and binding in respect of the Escrow Agent in
accordance with its terms.

                  (b) Resignation and Removal. The Escrow Agent may resign from
its duties hereunder at any time by giving at least 10 days prior written notice
of such resignation to the Company or the Lender and specifying a date upon
which such resignation shall take effect; provided, however, that the Escrow
Agent shall continue to serve until its successor accepts the Escrow Certificate
pursuant to a written assignment and assumption instrument pursuant to which the
rights of the Escrow Agent are assigned to such successor and such successor
expressly assumes the obligations of the Escrow Agent hereunder. Notwithstanding
the foregoing, however, the Escrow Agent shall, in the alternative, have the
right but not the obligation, at any time, following 5 business days written
notice to the other parties hereto, to resign as Escrow Agent and deposit the
Escrow Certificate with a court of competent jurisdiction and the Escrow Agent
shall thereupon have no further obligation with respect thereto. Upon receipt of
such notice, a successor escrow agent shall be appointed by the Lender, such
successor escrow agent to become the Escrow Agent hereunder on the resignation
date specified in such notice. If an instrument of assignment and assumption by
a successor escrow agent shall not have been delivered to the Escrow Agent

<PAGE>

within 15 business days after the giving of such notice of resignation, the
resigning Escrow Agent may petition any court of competent jurisdiction for the
appointment of a successor escrow agent. The Lender may at any time remove the
Escrow Agent and substitute a new escrow agent by giving 10 business days prior
written notice thereof to the Escrow Agent then acting.

                  (c) Indemnification. The Company and the Lender have agreed to
hold the Escrow Agent harmless from and against and indemnify the Escrow Agent
for any loss, liability, expense (including reasonable attorneys' fees and
expenses), claim or demand arising out of or in connection with its performance
under this Escrow Agreement, except in the event of gross negligence or willful
misconduct of the Escrow Agent. The foregoing indemnities in this Section 5(c)
shall survive the resignation or substitution of the Escrow Agent and the
termination of this Escrow Agreement.

                  (d) Expenses of the Escrow Agent. The Company agrees herewith
to bear the cost for reasonable expenses incurred by the Escrow Agent in the
performance of services pursuant to this Escrow Agreement and to promptly
reimburse the Escrow Agent upon receipt of a written request for reimbursement
and the presentation of proper vouchers or receipts therefor.

                  6. Disputes. (a) If any dispute should arise with respect to
the ownership or right of possession of the Escrow Certificate, the Escrow Agent
shall be authorized and directed to retain in its possession, without liability
to anyone, all or any portion of the Escrow Certificate until such dispute shall
have been settled either by agreement of the parties concerned or by a Final
Decree, but the Escrow Agent shall be under no duty whatsoever to institute or
defend any such proceedings.

                  (b) The Company shall bear all of its own costs and expenses
and all costs and expenses incurred by the Lender in resolving any dispute
arising under this Escrow Agreement. Any costs incurred by the Escrow Agent in
connection with any dispute arising under this Escrow Agreement shall be
reimbursed to the Escrow Agent pursuant to the provisions of Section 5 (d) . If
the Escrow Agent is not reimbursed for such expenses within 30 days' written
notice thereof, the Escrow Agent shall be entitled to resign, upon 15 days'
prior written notice to the Company and the Lender. If no successor escrow agent
is named by the end of such 15 day period, the Escrow Agent shall have the right
to deposit the Escrow Certificate with an appropriate court and the Escrow Agent
shall have no further obligation under this Escrow Agreement.

                  7. Notices and Instructions. All notices, instructions
(including without limitation any instructions pursuant to Section 3 hereof) or
other communications which are required or permitted to be given hereunder shall
be in writing and shall be personally delivered, sent by certified mail, return
receipt requested, by a nationally-recognized overnight courier or facsimile, to
the other party at the address first above written, or to such other address as

<PAGE>

the party to whom notice is to be given may have furnished to the other party in
writing. Any such communication shall be deemed to have been given when (i)
delivered, if personally delivered, (ii) on receipt, if sent by mail, (iii) on
the third business day after dispatch, if sent by a recognized overnight courier
(without limiting the generality of the foregoing, Federal Express, DHL and UPS
shall be deemed to be recognized overnight couriers for purposes of this
Agreement), and (iv) within one business day if sent by facsimile.

                  8. Counterparts. This Escrow Agreement may be executed in any
number of counterparts, and each such counterpart shall be deemed to be an
original instrument, but all such counterparts together shall constitute but one
agreement

                  9. Governing Law and Jurisdiction. This Escrow Agreement shall
be governed by and construed in accordance with the laws of the State of New
York, without giving effect to the principles of conflicts of laws thereunder.
This Escrow Agreement shall be subject to the exclusive jurisdiction of the
courts located in New York County, New York. The parties to this Escrow
Agreement agree that any breach of any term or condition of this Escrow
Agreement shall be deemed to be a breach occurring in the State of New York by
virtue of a failure to perform an act required to be performed in the State of
New York, and the parties irrevocably and expressly agree to submit to the
jurisdiction of the courts of the State of New York for the purpose of resolving
any disputes among the parties relating to this Escrow Agreement or the
transactions contemplated hereby. The parties hereto irrevocably waive, to the
fullest extent permitted by law, any objection which they may now or hereafter
have to the laying of venue of any suit, action or proceeding arising out of or
relating to this Escrow Agreement, or any judgment entered by any court in
respect hereof brought in New York County, New York, and further irrevocably
waive any claim that any suit, action or proceeding brought in New York County,
New York has been brought in an inconvenient forum.

                  10. Benefits of Agreement. All the terms and provisions of
this Escrow Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns; and nothing in this
Escrow Agreement, express or implied, is intended to confer on any person,
corporation, group or other entity other than the parties hereto or their
respective successors and assigns, any rights, remedies, obligations or
liabilities under or by reason of this Escrow Agreement. Anything contained
herein to the contrary notwithstanding, this Escrow Agreement shall not be
assignable by any party hereto without the consent of the other parties hereto.

                  11. Full Force and Effect. This Escrow Agreement shall remain
in full force and effect until the Escrow Agent has delivered the Escrow
Certificate in accordance with the terms hereof.

                  12. Severability. If any provision contained herein shall be
illegal or unenforceable, the parties hereto agree that the remainder of this
Escrow Agreement shall remain in full force and effect and that such illegal or
unenforceable provision shall be replaced with a provision which provides the
party or parties affected thereby with the same or a comparable economic benefit
as that provided by such illegal or unenforceable provision.
<PAGE>

                  13. Modification. This Escrow Agreement shall not be altered
or otherwise amended, except pursuant to an instrument in writing signed by each
of the parties hereto.

                  14. Descriptive Headings. The descriptive headings in this
Escrow Agreement are for convenience only and shall not control or affect the
meaning or constructing of any provision of this Escrow Agreement.

                  15. Transfer. The Lender shall not sell, assign, transfer
exchange or otherwise dispose of, or grant any option or warrant with respect
to, all or any part of the Escrow Certificate, nor shall it create, incur or
permit to exist any pledge, lien, mortgage, hypothecation, security interest,
charge or other encumbrance with respect to all or part of the Escrow
Certificate.

                           [signature page to follow]

<PAGE>

                  IN WITNESS WHEREOF, the parties hereto have caused this Escrow
Agreement to be executed and delivered on the date first above written.

                                 Company: VIVA GAMING & RESORTS INC.

                                 /s/ Martin Gross
                                 ----------------------------------
                                 Name: Martin Gross
                                      -----------------------------
                                 Title: President & CEO
                                      -----------------------------

                                 Lender:
                                 /s/ Ian McKinnon
                                 -----------------------------------
                                 Name: Ian McKinnon
                                 -----------------------------------
                                 Title: Vice President
                                 -----------------------------------

                                 ESCROW AGENT:

                                 WUERSCH & GERING LLP

                                 /s/ Travis Gering
                                 ---------------------------------
                                 By:  Travis Gering
                                      Partner

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