Document:

Exhibit
      10.1

    TERMINATION
      AND SETTLEMENT AGREEMENT

    

    

    This
      Termination and Settlement Agreement (the “Agreement”)
      is
      entered into as of June 28, 2006 (the date on which both parties have executed
      and delivered this Agreement), by and between Spectre Gaming, Inc., a Minnesota
      corporation (“Spectre”),
      and
      Bally Gaming, Inc., a Nevada corporation (“Bally”).

    

    INTRODUCTION

    

    A. Spectre
      and Bally are parties to that certain Redemption Technology and Supply Agreement
      dated May 24, 2005, as amended (the “Redemption
      Technology and Supply Agreement”),
      pursuant to which, inter
      alia,
      Spectre
      licensed certain technology from Bally.

    

    B. The
      parties wish to terminate the Redemption Technology and Supply Agreement, settle
      all claims the parties may have against each other, and provide for Spectre’s
      limited license rights and corresponding obligations associated with such rights
      as described in a Technology Agreement dated June 28, 2006 (the “Technology
      Agreement”).
      

    

    AGREEMENT

    

    Now,
      Therefore, in
      consideration of the foregoing facts and premises, which are hereby made a
      part
      of this Agreement, and the mutual covenants set forth herein, and for other
      good
      and valuable consideration the receipt and sufficiency of which are hereby
      acknowledged, the parties hereto, intending to be legally bound, hereby agree
      as
      follows:

    

    1. Termination
      of Redemption Technology and Supply Agreement.
      On the
      terms set forth herein, the parties hereby terminate the Redemption Technology
      and Supply Agreement effective immediately, with the exception of survival
      of
      the parties’ rights and obligations set forth in Sections 14, 15 and 17 of the
      Redemption Technology and Supply Agreement. In addition, Bally hereby releases
      and discharges Spectre from all of its payment and other obligations owed to
      Bally, including but not limited to liabilities under the Promissory Note dated
      September 9, 2005, (the “Promissory Note”) delivered to Bally in connection with
      the Redemption Technology and Supply Agreement. Accordingly, Bally shall
      promptly return the Promissory Note to Spectre. Nevertheless, Bally shall retain
      all funds paid by Spectre pursuant to the Redemption Technology and Supply
      Agreement as of the date hereof, and Spectre agrees that it shall take no action
      to seek recovery of such amounts already paid by Spectre. In the event the
      Technology Agreement does not become effective between the parties, this
      Agreement shall be of no further force and effect.

    

    2. Mutual
      Releases.
      As of
      the date hereof, the parties hereby provide the following releases, pursuant
      to
      which each party is releasing the other of and from any and all obligations
      to
      the other party, of every kind and nature, except those specifically set forth
      in this Agreement:

     

    (a) Spectre
      hereby releases and forever discharges Bally and its directors, officers,
      affiliates and representatives (collectively, the “Bally
      Released Parties”)
      of and
      from any and all past, present and future claims, demands, liabilities,
      judgments and causes of action, at law or in equity, known or unknown, asserted
      or unasserted, liquidated or unliquidated, absolute or contingent, accrued
      or
      not accrued, which Spectre ever had, presently has, might have in the future,
      claim to have, or claim to have had against the Bally Released Parties arising
      out of, touching upon, relating to or in any manner connected with the
      Redemption Technology and Supply Agreement or any other relationship, agreement
      or arrangement with Bally, prior to and including the date of this Agreement;
      provided,
      however,
      that
      Bally’s obligation and liability for the observation and performance of this
      Agreement is specifically excluded from the foregoing release.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

       

    

    (b) Bally
      hereby releases and forever discharges Spectre and its directors, officers,
      affiliates and representatives (collectively, the “Spectre
      Released Parties”)
      of and
      from any and all past, present and future claims, demands, liabilities,
      judgments and causes of action, at law or in equity, known or unknown, asserted
      or unasserted, liquidated or unliquidated, absolute or contingent, accrued
      or
      not accrued, which Bally ever had, presently has, might have in the future,
      claim to have, or claim to have had against any of the Spectre Released Parties
      arising out of, touching upon, relating to or in any manner connected with
      the
      Redemption Technology and Supply Agreement or any other relationship, agreement
      or arrangement with Spectre, prior to and including the date of this Agreement;
      provided,
      however,
      that
      Spectre’s obligation and liability for the observation and performance of this
      Agreement is specifically excluded from the foregoing release.

    

    3. Return
      of Enabling Technology and Confidential Information.

     

    (a) Each
      party, at its own expense, shall promptly return to the other all copies of
      materials that constitute, or are composed of any, confidential information
      of
      the other party. In particular, Spectre shall promptly return to Bally all
      copies of the Enabling Technology (as such term is defined in the Redemption
      and
      Technology Supply Agreement) in Spectre’s possession as of the date of this
      Agreement. Spectre will not, however, be obligated hereunder to return any
      Alpha
      Boards or other hardware incorporating Enabling Technology, and Spectre’s use of
      such Alpha Boards or other hardware shall be in accordance with the terms and
      conditions of the Technology Agreement.

    

    (b) For
      a
      period of three years following the date hereof, Spectre shall grant Bally,
      or a
      third party engaged by Bally, full access, at reasonable times and upon
      reasonable notice and at Bally’s sole cost and expense, to any and all Spectre
      facilities in order for Bally to conduct an audit to determine and confirm
      that
      Spectre is in compliance with this Agreement and does not possess and has not
      used the Enabling Technology other than as permitted herein.

    

    4. Execution
      of the Technology Agreement.
      As
      consideration for the mutual releases granted herein, the parties shall execute
      the Technology Agreement contemporaneously with this Agreement and that the
      Technology Agreement becomes effective between the parties.

    

    5. Limitation
      on Use of Bally Technology.
      Spectre
      agrees that it will not use any Bally intellectual property in any Spectre
      games, other than Licensed Technology as provided for in the Technology
      Agreement, unless the rights to use the Licensed Technology are purchased
      directly from Bally or an authorized Bally distributor. For all purposes of
      this
      Agreement, the parties agree that PDS Gaming Corporation is an “authorized
      distributor” of Bally intellectual property, Alpha Boards and Bally gaming
      machines. Spectre’s use of any games produced or otherwise manufactured by
      Spectre, or any party on behalf of Spectre, utilizing the Licensed Technology
      shall comply with the terms and conditions of the Technology
      Agreement.

    

    6. Confidentiality.
      The
      parties agree that the terms of this Agreement shall be strictly confidential
      and its terms shall not be disclosed to any third party for any purpose
      whatsoever except as required by applicable law, order or rule of court or
      governmental agency having competent jurisdiction or as otherwise specifically
      provided herein (including applicable SEC regulations). This confidentiality
      provision shall not prohibit the parties from disclosing the terms of this
      Agreement to tax, financial, legal or tax or accounting advisors.

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

       

    

    7. Representations
      and Warranties.
      Each
      party represents and warrants to the other that: (a) it has full power and
      authority to enter into this Agreement and perform all of its obligations under
      this Agreement, has duly executed and delivered this Agreement, and this
      Agreement is legally binding on it and is enforceable in accordance with its
      terms; and (b) no consent or approval from any person, firm or entity, or
      any other consent, approval, order or authorization of, or registration,
      declaration or filing with any governmental authority or court, is required
      in
      connection with the execution and delivery of this Agreement or the consummation
      of the transactions contemplated hereby. Each party acknowledges, agrees,
      represents and warrants to the other party that, after the date hereof and
      excluding this Agreement, there are no agreements, understandings or
      obligations, whether oral or written, with such other party. All of the
      foregoing representations and warranties shall forever survive this Agreement
      and the effectiveness of the transactions contemplated hereby.

    

    8. General
      Provisions.

    

    (a) This
      Agreement shall be binding upon and shall inure to the benefit of the parties
      and their respective heirs, successors and assigns; provided,
      however,
      that
      this Agreement may not be assigned by any party without the written consent
      of
      the other party hereto, which consent may be granted or withheld in the sole
      and
      absolute discretion of such other party.

    

    (b) This
      Agreement may be executed in counterparts, all of which will be considered
      one
      and the same agreement. In addition, signatures to this Agreement may be
      delivered by facsimile or other means of electronic transmission, and signatures
      so delivered will be valid and binding to the same extent as the delivery of
      original signatures.

    

    (c) This
      Agreement shall not be modified or amended in any fashion except by an
      instrument in writing signed by both parties hereto. No consent or waiver shall
      be enforceable unless it is in writing and signed by the party against whom
      such
      consent or waiver is sought to be enforced. No consent under and no waiver
      of
      any provision of this Agreement on any one occasion shall constitute a consent
      under or waiver of any other provision on such occasion or on any other
      occasion, nor shall it constitute a consent under or waiver of the consented-to
      or waived provision on any other occasion.

    

    (d) This
      Agreement shall be construed in accordance with the laws of the State of Nevada,
      without regard to its conflicts-of-law principles. No person, firm or other
      entity shall be a third-party beneficiary of any provisions of this
      Agreement.

    

    (e) All
      parties agree to execute and deliver any documents or instruments (including
      legal instruments of conveyance or otherwise) that may be reasonably requested
      by another party in order to effectuate the transactions contemplated hereby,
      or
      to provide reasonable assurance to such requesting party that any of such
      transactions has been completed.

    

    (f) If
      any
      provision of this Agreement or the application of such provision to any party
      or
      circumstances, shall be held invalid, the remainder of the Agreement, or the
      application of such provision to such party or circumstances other than those
      to
      which it is held invalid, shall not be affected thereby.

    

    
      
         

      

      
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    (g) In
      view
      of the purposes of this Agreement, it is agreed that the remedy at law for
      failure of any party to perform would be inadequate and that the injured party
      or parties, at its or his option, shall have the right to compel the specific
      performance of this Agreement in a court of competent jurisdiction, to the
      extent permitted by applicable law and not expressly prohibited by this
      Agreement.

    

    In
      Witness Whereof,
      the
      parties have executed this Termination and Settlement Agreement to be effective
      as of the date first written above.

    

    

     

    
      	 	 	 
	 	SPECTRE
              GAMING, INC.:
	 
 	 
 	 
 
	 	By:  	 
	 	
              
D.
              Bradly Olah
	 	President

    

     

     

     

    
      	 	 	 
	 	
              BALLY
                GAMING, INC.:

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Paul
              Lofgren
	 	Executive
              Vice
              President-Business Development

    

    
 

    
      
         

      

      
        4Exhibit
      10.2

    

    TECHNOLOGY
      AGREEMENT

     

    This
      techonology Agreement
      (this
“Agreement”) is entered into effective June 28, 2006 (“Effective
      Date”), by and between Bally Gaming Inc., a Nevada corporation (“Bally”) and
      Spectre Gaming, Inc., a Minnesota corporation (“Spectre”). Bally and Spectre may
      be referred to individually as a “Party” and collectively as the
“Parties.”

     

    WHEREAS,
      Spectre desires to obtain, and Bally desires to grant to Spectre, a license
      to
      use the Licensed Technology and the right to develop certain games using
      Licensed Technology (as defined below), to manufacture and create
      jurisdictionally compliant redemption games and redemption gaming systems in
      a
      territory.

     

    NOW,
      THEREFORE, in consideration of the mutual covenants contained herein and other
      good and valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, the Parties, intending to be legally bound, covenant and agree
      as
      follows:

     

    
      	1.	
              DEFINITIONS

            

    

     

    
      	 	
              a)

            	
              “Alpha
                Board” means
                a computer firmware circuit board developed by Bally incorporating
                Bally’s
                Alpha Game Platform.®

            

      	 	 	 

    

    
      	 	
              b)

            	
               “Bally
                Cabinet” means
                a new or used gaming device, player station, cabinet or similar equipment
                on which a Redemption Games may be operated or played, which cabinet
                is
                manufactured by Bally. 

            

      	 	 	 

    

    
      	 	
              c)

            	
              “Confidential
                Information”
                means all data and information of a confidential nature, including
                know-how and trade secrets, relating to the business, the affairs,
                any
                development projects or other equipment, programs, software, products
                or
                services of either party, whether developed by or for Bally or Spectre
                or
                any of their respective Licensor’s, contractors or successors-in-interest.
                Confidential Information may be communicated to the other party orally,
                in
                writing or in any other recorded or tangible form. Data and information
                shall be considered to be Confidential Information: (i) if marked
                as such;
                (ii) if a party has been advised of their confidential nature, orally
                or
                in writing; or (iii) if, due to their character or nature, they should
                be
                treated as secret and confidential. 

            

      	 	 	 

    

      
        	 	
                d)

              	
                “Intellectual
                  Property Rights” means
                  and include all United States and other patents, copyrights, designs,
                  mask
                  work rights, Trademarks, trade secrets and other proprietary rights,
                  any
                  applications
                  therefor,
                  any registrations thereof, and any applications for registration
                  thereof.

              

        	 	 	 

      

    
      	 	
              e)

            	
              “Licensed
                Technology”
                means Bally’s Alpha Board
                and the limited rights to license and use Bally’s technology protected
                under the U.S. patents listed in Exhibit A to this Agreement. Licensed
                Technology specifically excludes any rights to possess and use Bally
                software and associated source and object code directly or indirectly
                used
                in Redemption Games. 

            

      	 	 	 

    

    
      	 	 	 

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              f)

            	
              “Redemption
                Games” means
                games in which the user wagers money and, if the outcome is such
                that the
                game dispenses or displays a coupon or other representation of value
                that
                is redeemable for cash or merchandise, where (i) the retail value
                of the
                merchandise redeemable using any such coupon or other representation
                of
                value is materially greater than the value of cash redeemable using
                such
                coupon, (ii) the maximum wholesale value of merchandise available
                from a
                single play of the game or device is no more than the maximum value
                allowed by applicable law in the respective jurisdiction, and (iii)
                the
                game is not a Class III game, Class II game, bingo-based, electronic
                pull-tab or charitable game, or a game that is operated in a private
                home
                or on a personal wireless digital device. (as those terms are defined
                in
                the Indian Gaming Regulatory Act, at 25 U.S.C. § 2703), or not otherwise a
                gaming device found in casino environments.

            

      	 	 	 

    

      
        	 	
                g)

              	
                “Redemption
                  Product License” or “RPL” means
                  an individual license granted by Bally to Spectre in order to allow
                  Spectre to use the Licensed Technology with a gaming device, player
                  station, cabinet or similar equipment produced by Bally
                  and purchased or leased by Spectre,
                  on which Redemption Games developed by Spectre will used. This
                  is a
                  license to use Bally products only and does not include any Bally
                  products, including but not limited to Alpha
                  Boards.

              

        	 	 	 

      

    
      	 	
              h)

            	
              “Territory”
                means
                the United States of America.

            

      	 	 	 

    

    
      	
              2.

            	
              CONDITIONS
                PRECEDENT

            

    

    

    This
      Agreement is subject to the following conditions being met before the Agreement
      can take effect:

     

      
        	 	
                a)

              	
                The
                  Parties shall contemporaneously execute a Termination and Settlement
                  Agreement, dated June 28, 2006, setting forth particular terms
                  and
                  conditions under which the Parties will terminate the Redemption
                  Technology and Supply Agreement dated May 24, 2005, as
                  amended, and
                  waive all claims against each other arising out of that agreement.
                  Should
                  this condition not be met then the
                  Agreement
                  is
                  void. 

              

      

    

    
      	 	
              b)

            	
              This
                Agreement shall become effective upon Spectre’s performance under Section
                4(d)(i) and 4(d)(iii) of this Agreement by no later than June 30,
                2006. In
                the event Spectre does not so perform, as contemplated under Section
                4(d)(i) or 4(d)(iii), this Agreement shall not become effective,
                however
                the Purchase Order dated June 28, 2006, for Spectre’s obligation to
                purchase 175 Bally Cabinets at the price of $8,250 per Bally Cabinet
                shall
                remain in force and effect. 

            

    

     

    
      	3.	
              GRANT
                OF LICENSE TO USE THE LICENSED
                TECHNOLOGY

            

      	 	 

    

      
        	 	
                a)

              	
                Bally
                  hereby grants to Spectre a perpetual non-exclusive license to use
                  the
                  Licensed Technology specifically only under each individual Redemption
                  Product License purchased by Spectre, strictly for the production
                  and
                  distribution of jurisdictionally compliant Redemption
                  Games and no other purpose, including all
                  rights to sublicense. Spectre’s license to use the Licensed Technology
                  shall be strictly limited to
                  use with Redemption Games for the conduct of redemption or amusement
                  with
                  prize gaming activities in legal jurisdictions within the Territory
                  and
                  for no other purposes whatsoever. 

              

      

       

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

       

      
        	 	 	 

      

      
        	 	
                b)

              	
                No
                  right is granted hereunder, and Spectre agrees not, to (i) use
                  any
                  Licensed Technology in connection with the development of any games
                  other
                  than Redemption Games, or (ii) market or distribute or permit any
                  of its
                  sublicensees or subdistributors to market or distribute any Licensed
                  Technology
                  that does
                  not include a Redemption Game or for use in any location, business
                  or
                  establishment.
                  Spectre
                  shall evidence its purchases of each Redemption Product License
                  through
                  permanently affixing an “RPL” license decal on each Bally Cabinet used by
                  Spectre in creating Redemption Games.

              

      

     

    
      	 	c)	
              Spectre or Spectre's customers
                shall, at
                its or their sole expense, be responsible for obtaining any regulatory
                approval to operate Redemption Games incorporating the Licensed Technology
                within the Territory. 

            

    

     

    
      	 	
              d)

            	
              In
                the event that the Redemption Games developed and carried on by Spectre
                fall under the definition of licensed cashless gaming systems or
                licensed
                cashless games, as those terms are defined in Exhibit B, Spectre
                agrees to
                abide by the license requirements set forth in Exhibit B. Bally reserves
                all rights not expressly granted
                hereunder.

            

    

     

    4. CONSIDERATION

     

    
      	
            	a)	
              Bally
                Cabinet Purchase Order. Spectre
                shall send a signed, written purchase order to Bally on or before
                full
                execution of this Agreement for 175 Bally Cabinets, which shall include
                Bally’s Alpha Board. Spectre shall pay Bally $8,250 per Bally Cabinet.
                

            

    

     

      
        	
              	b)	
                First Redemption
                  Product License Purchase Order. In
                  addition to Spectre’s purchase order for Bally Cabinets (and
                  corresponding Redemption Product Licenses) described
                  in Section 4(a)
                  above, Spectre shall send a signed, written purchase order to Bally
                  on or
                  before full execution of this Agreement for 500 Redemption Product
                  Licenses at the price of $3,000 per Redemption Product License,
                  and Bally will accept such purchase order.
                  Any Redemption Product License ordered by Spectre that will be
                  used with a
                  ticket printer incorporated into a Bally Cabinet shall be provided
                  for an
                  additional fee in the amount of $400 per ticket printer, if such
                  ticket
                  printer(s) are required. 

              

      

    
      	 	 	 

    

    
      	
            	
              c)

            	
              Second Redemption
                Product License Purchase Order. In
                addition to Spectre’s purchase order for Bally Cabinets (and corresponding
                Redemption Product Licenses) described in Sections 4(a) above, and
                in
                addition to the purchase order described in Section 4(b) above, Spectre
                shall send a signed, written purchase order to Bally on or before
                July 10,
                2006 for 375 additional Redemption Product Licenses at the total
                price of
                $600,000, and Bally will accept such purchase order. Any Redemption
                Product License ordered by Spectre that will be used with a ticket
                printer
                incorporated into a Bally Cabinet shall be provided for an additional
                fee
                in the amount of $400 per ticket printer, if such ticket printer(s)
                are
                required.

            

    

     

     

    
      
         

      

      
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              	d)	
                Payment
                  Terms.
                  Spectre must pay Bally in full for all amounts owed (i)
                  as
                  set forth in Sections 4(a)
                  and 4(b) above no later than June 30, 2006, (ii) as set forth in
                  Section
                  4(c) above no later than July
                  13,
                  2006, or (iii)
                  as an alternative to the foregoing clauses (i) and/or (ii),
                  Spectre must provide Bally with an adequate written guaranty of
                  such
                  payments by a third-party financing source that is acceptable to
                  Bally, in
                  Bally’s reasonable
                  discretion. For any other Redemption Product Licenses or any other
                  products ordered by Spectre, except as otherwise provided herein,
                  payment
                  of Bally’s invoice for such products shall be due within thirty (30) days
                  after Spectre’s receipt
                  and acceptance.
                  Late fees shall accrue with respect to any amounts not paid when
                  due
                  hereunder at the rate of one and a half percent (1.5%) per month
                  or, if
                  lower, the highest rate permitted under applicable law. Spectre
                  shall pay or, at Bally’s option, to reimburse Bally for, any sales, use,
                  or other tax, duty or assessment that may become due or owing in
                  connection with the transactions contemplated under this Agreement,
                  other
                  than taxes based on Bally’s net income.

              

      

       

    
      	
              5.

            	
              ORDERS

            

    

     

    
      	 	
              a)

            	
              Written
                Orders.
                Any future orders for Alpha Boards, Bally Cabinets or Redemption
                Product
                Licenses shall be placed by Spectre's central purchasing point and
                shall
                be in writing. All orders shall be for shipment immediately or as
                soon as
                product is available. Spectre may not cancel or change any order
                after
                Bally’s acceptance. 

            

    

     

    
      	 	
              b)

            	
              Bally
                Cancellation.
                Bally reserves the right to cancel any orders placed by Spectre and
                accepted by Bally as set forth above, or to refuse or delay shipment
                thereof or require payment on delivery, and Bally further reserves
                the
                right to refuse to accept orders notwithstanding its obligations
                under
                this Section 5, if Spectre unreasonably (i) fails to make any payment
                as
                provided herein or under the terms of payment set forth in any invoice
                or
                otherwise agreed to by Bally and Spectre, (ii) fails to meet reasonable
                credit or financial requirements established by Bally, including
                any
                limitations on allowable credit, or (iii) otherwise fails to comply
                with
                the terms and conditions of this Agreement.

            

    

     

    
      	6.	
              SHIPPING 

            

    

     

    
      	 	
              a) 

            	
              Shipment.
                All Bally Cabinets will be shipped by Bally F.O.B. Las Vegas, Nevada
                or
                any other U.S. point of origin as designated by Bally. Bally will
                select
                the mode of shipment and the carrier unless otherwise instructed
                in
                writing by Spectre. Spectre will pay all shipping costs or, if Bally
                advances such costs, will reimburse Bally therefor. Spectre will
                bear all
                costs of shipping and the risk of loss or damage in transit upon
                shipment
                by Bally. 

            

    

     

    
      	7.	
              DUTIES
                OF SPECTRE 

            

    

     

    
      	 	
              a)

            	
              Except
                as expressly set forth herein to the contrary, Spectre will
                not:

            

    

     

    
      
         

      

      
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                i)

              	
                Reverse
                  engineer, disassemble, decompile, copy, modify, or otherwise change
                  any
                  Alpha Board
                  or
                  Licensed Technology, in whole or in part, nor assist in any way,
                  directly
                  or indirectly, in any effort to do so, and under no circumstances
                  have any
                  right to receive source code for any software included in any Bally
                  Cabinet,
                  provided,
                  however,
                  that Spectre may modify Alpha Boards as appropriate, or upgrade
                  them, to
                  address reliability or performance-related issues.

              

      

       

    
      	 	
              ii)

            	
              Disclose
                the terms of this Agreement to any third party, except as required
                by
                applicable law (including applicable securities laws) or with, and
                only to
                the extent permitted by, the express prior written approval of Bally.
                Whenever possible, prior to making any disclosure required by any
                governmental agency in connection with this Agreement, Spectre shall
                advise Bally of the proposed disclosure, and may allow Bally to contribute
                suggestions concerning the text of the draft, as it applies to
                representations concerning Bally. Nothing
                in this Agreement shall prohibit disclosure to Spectre’s legal, financial
                or business advisors who agree to maintain the confidentiality of
                the
                terms of this Agreement. Bally
                understands that Spectre is a public reporting company and files
                periodic
                disclosure reports with the United States Securities and Exchange
                Commission, and that this Agreement will need to be filed with such
                commission by Spectre in one or more of its periodic
                reports.

            

    

     

    
      	8.	
              WARRANTY

            

    

     

      
        	
              	a)	
                Scope.
                  In
                  the event Bally provides Bally Cabinets or Alpha Boards to Spectre,
                  Bally
                  warrants that each Bally Cabinet
                  and Alpha Board
                  supplied hereunder shall be free of defects in materials and workmanship
                  for a period of ninety (90) days from shipment thereof. This warranty
                  for
                  Bally Cabinets or Alpha Boards shall not be extended in any manner
                  to any
                  third party fabrications or construction of any Redemption Games.
                  Minor
                  deviations from any specifications or standards that do not materially
                  affect the performance of the Bally Cabinets,
                  or
                  Alpha Boards shall not be considered to be defects in materials
                  or
                  workmanship. All component parts provided Bally, regardless of
                  manufacturer, are included in this warranty. This warranty shall
                  be void
                  with respect to any Bally Cabinet that is not operated and maintained
                  in
                  accordance with the Bally product literature and
                  manuals.

              

      

       

      
        	
              	
                b)

              	
                Exclusive
                  Remedy. If
                  Spectre reports any breach of the foregoing warranty to Bally during
                  the
                  warranty period for such Bally Cabinet or Alpha Board, Spectre
                  shall ship
                  such Bally Cabinet or Alpha Board to Bally at Spectre’s expense. Spectre
                  shall bear the risk of loss or damage in transit to Bally. Bally
                  shall
                  inspect and test such Bally Cabinet or Alpha Board and, if it is
                  able to
                  confirm the defect reported by Spectre, Bally shall make commercially
                  reasonable efforts to repair or replace the defective Bally
                  Cabinet
                  or
                  Alpha Board.
                  If Bally confirmed the defect, it shall ship the Bally Cabinet
                  or Alpha
                  Board back to Spectre or its customer at Bally’s sole expense, Bally shall
                  reimburse Spectre for the original return shipping costs, and Bally
                  shall
                  bear any risk of loss or damage in transit to Spectre or its customer.
                  If
                  Bally does not confirm the defect, it shall ship the Bally Cabinet
                  or
                  Alpha Board back to Spectre or its customer at Spectre’s sole expense, and
                  Spectre shall bear any risk of loss or damage in transit to Spectre
                  or its
                  customer. 

              

      

       

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    
      	
            	
              c)

            	
              Warranty
                of Licensed Technology. Bally
                hereby represents and warrants to Spectre that Bally (1) is the lawful
                owner of the Licensed Technology and its underlying intellectual-property
                rights, (2) will enforce and maintain such rights to the Licensed
                Technology in full force and effect at all times during the Term
                hereof,
                and (3) it has the right to grant Spectre the license rights as provided
                herein. Bally further represents and warrants to Spectre that (i)
                there is
                no claim, litigation or proceeding pending or threatened against
                Bally
                with respect to the Licensed Technology or any component thereof,
                alleging
                infringement of any third party’s intellectual property rights, (ii)
                neither the performance of Bally’s obligations hereunder (or any other
                term or provision hereof) will in any way infringe or otherwise violate
                any third party’s intellectual property rights or a non-disclosure
                obligation by which Bally is bound.

            

    

     

    
      	
            	d)	
              Disclaimer.
                Except to the extent expressly provided in this Section 8, Bally
                makes no
                warranties hereunder of any type or nature. Without limiting the
                generality of the foregoing, Bally disclaims all implied warranties,
                including without limitation any warranty of merchantability, fitness
                for
                a particular purpose, title or non-infringement, as well as any warranty
                that might otherwise arise from the course of dealing between the
                parties
                or usage of trade. 

            

    

     

    
      	9.	
              TERM
                OF AGREEMENT AND
                TERMINATION

            

    

     

      
        	 	
                a.

              	
                Agreement
                  Term.
                  The Term of this Agreement (the “Term”) shall commence on the Effective
                  Date and shall continue for two
                  (2)
                  years. 

              

      

       

    
      	 	
              b.

            	
              Termination
                for Cause.
                This Agreement may be terminated at any time by either party upon
                written
                notice to the other party in the event of such other party's failure
                to
                perform any provision of this Agreement, provided such failure to
                perform
                has continued for not less than thirty (30) days after written notice
                of
                such failure. Additionally, Bally may terminate this Agreement, effective
                upon written notice of termination, upon Spectre’s inability to pay after
                a thirty day notice and cure period, for any products which have
                been
                delivered or to pay any other fees in a timely manner when due. In
                the
                event of the appointment of a trustee or receiver or the equivalent
                for
                either party, or upon the institution of voluntary proceedings relating
                to
                either party’s dissolution, liquidation, winding up, bankruptcy,
                insolvency or relief from creditors, if such proceedings are not
                terminated or discharged within ninety (90) calendar days of their
                inception, the other party may terminate this Agreement, upon written
                notice of termination. 

            

    

     

    
      	 	
              c.

            	
              Effect
                of Termination. Upon
                termination of this Agreement for any reason the following events
                shall
                occur.

            

    

     

      
        	 	
                1.

              	
                Spectre
                  shall cease all marketing or promotion of any Bally Cabinets
                  not placed with Spectre customers at the time of such
                  termination..
                  

              

      

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

       

      
        	 	
                2.

              	
                Spectre
                  shall have no further right to purchase new
                  Bally Cabinets,
                  any
                  Alpha Boards or the Licensed Technology, unless mutually agreed-upon
                  by
                  the parties.

              

      

       

    
      	 	
              3.

            	
              Spectre
                shall retain the right to maintain and use the licenses granted in
                this
                Agreement for the Licensed Technology incorporated with Redemption
                Product
                Licenses already paid for by Spectre and then in Spectre’s inventory or
                previously distributed into use with Redemption Games.
                

            

    

     

    
      	 	
              d.

            	
              No
                Liability.
                In
                no event will either party be liable to the other for any additional
                compensation or other payment on account of termination of this Agreement
                for any reason provided that the Agreement terminates in accordance
                with
                the terms hereof. Termination of this Agreement, however, shall not
                relieve the parties of any obligations accrued prior to termination.
                Each
                party acknowledges and agrees that it will not be entitled to any
                compensation, damages, or payments in respect of goodwill that has
                been
                established or for any damages on account of prospective profits
                or
                anticipated sales, and that each party shall not be entitled to
                reimbursement in any amount for any training, advertising, market
                development, technology development, investments, leases, or other
                costs
                that shall have been incurred by either party before the termination
                of
                this Agreement. Each party hereby waives its rights, if any, under
                applicable laws for any such compensation, damages or
                payments.

            

    

     

      
        	 	
                e.

              	
                Survival.
                  Sections 7, 8, 9(c)
                  and 9(d),
                  and 10 through 13
                  inclusive, shall survive any termination or expiration of this
                  Agreement
                  and shall remain fully enforceable thereafter in perpetuity, except
                  that
                  Bally's indemnity obligations shall only apply with respect to
                  claims
                  relating solely to the use of the Licensed
                  Technology and the distribution of Bally Cabinets under this Agreement.
                  

              

      

       

    
      	
              10.

            	
              INTELLECTUAL
                PROPERTY

            

    

     

    
      	
            	(a)	
              As
                between Spectre or any affiliate thereof and Bally, Bally shall own
                all
                Intellectual Property Rights (including, without limitation, Trademarks,
                as defined below) in or relating to any Licensed Technology or Bally
                information supplied by Bally hereunder and any aspect the Licensed
                Technology incorporated in any derivative works based to any extent
                on any
                of the foregoing, and any work product created by Bally in providing
                services hereunder. Spectre for itself and its affiliates, employees
                and
                agents hereby waives any ownership or other proprietary interest
                or
                intellectual property right in any of the foregoing, which Spectre
                intends
                to remain always with Bally or its licensors. Spectre for itself
                and its
                affiliates, employees and agents hereby assigns and transfers all
                such
                rights to Bally, and agrees that it will promptly execute and deliver
                any
                document requested by Bally to fully effect, perfect and evidence
                such
                assignment to, or vesting of rights in,
                Bally.

            

    

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

       

    

    
      	 	
              b)

            	
              Each
                party shall promptly notify the other of any and all confirmed or
                potential infringement, imitation, misappropriation, illegal use
                or misuse
                by any person of any Confidential Information or of any Intellectual
                Property Right in or relating to intellectual property of that party
                which
                comes to its attention; provided, however, that neither party will
                not
                take any legal action relating to the protection of any Confidential
                Information or any such Intellectual Property Rights without the
                prior
                written approval of the other party (which party may grant or withhold
                in
                the exercise of its sole and absolute discretion); and provided further
                that the other party shall use its best efforts to provide any support
                or
                assistance or take other actions approved by infringed party to protect
                and defend the infringed party’s Confidential Information and Intellectual
                Property Rights in the Territory.

            

    

    

    In
      the
      event of any infringement or other illegal use by a third-party of any
      Confidential Information, Intellectual Property or the Enabling Technology,
      Bally shall have the sole right, exercisable in its absolute and sole
      discretion, to defend or prosecute any infringement or illegal use claim. All
      fees, costs and expenses for such defense or prosecution shall be the burden
      of
      Bally, and Bally shall retain any award for any such claim. 

     

    
      	 	
              c)

            	
              During
                the term of this Agreement, each party may disclose Confidential
                Information to the other solely to permit the other party to perform
                its
                obligations under this Agreement. Each party shall refrain from using
                or
                exploiting any Confidential Information for any purposes or activities
                other than those specifically authorized by the other party in this
                Agreement. All files, lists, records, documents, notes, drawings,
                specifications, equipment, computer programs and other materials
                that
                incorporate or refer to all or a portion of the Confidential Information
                shall remain the sole property of the disclosing party. Such materials
                shall be promptly returned to the disclosing party: (1) upon the
                disclosing party’s request or (2) upon termination of this Agreement,
                whichever is earlier. Neither party shall disclose the Confidential
                Information to any individual or entity not employed or controlled
                by or
                under contract to the other party, and may only provide the Confidential
                Information to such individuals or entities on a need-to-know basis
                and
                only if such individuals or entities have agreed in writing to refrain
                from using or disclosing the Confidential Information except as permitted
                hereunder pursuant to a form of nondisclosure agreement approved
                in form
                and substance by the disclosing party. A party may disclose Confidential
                Information to the extent required by any statutory or regulatory
                provision or court order, provided that prior to any such disclosure,
                that
                party shall provide the other with a proposed draft of the disclosure,
                shall reasonably cooperate with the party in any efforts to obtain
                protective orders or otherwise protect the confidentiality of such
                Confidential Information, and shall make such disclosure only after
                receiving that party's consent, which shall not be unreasonably
                withheld.

            

    

     

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

       

    

    
      	 	
              d)

            	
              “Trademark”
                means any trade name, trademark, service mark, trade dress, logo
                or other
                designation of source, origin, sponsorship, endorsement or certification
                used, licensed or owned by Bally and any confusingly similar designation
                or mark. Spectre agrees to use the Trademarks (as defined above)
                solely
                for the purpose of identifying Bally as the source of the Bally Cabinets
                or of any related services provided by Bally. All uses of any Trademark,
                whether on Bally Cabinets, any advertising or promotional materials
                relating thereto, or otherwise, shall be subject to Bally’s prior written
                approval. Spectre shall market, promote and advertise the Bally Products
                and related services under the Trademarks and Spectre’s trademark and
                under no other trademark, service mark, logo, trade name, or other
                designation of source, origin, sponsorship, endorsement or certification.
                Spectre's use of the Trademarks shall be in accordance with applicable
                laws and any policies regarding advertising and trademark usage supplied
                by Bally, as established and amended from time to time. Spectre shall
                not
                register or attempt to file any trademark or similar application
                with
                respect to any Trademark (or similar marks) of Bally with any agency
                or
                association anywhere in the world, and shall, at the request of Bally,
                assign or otherwise transfer the ownership and ancillary rights to
                such
                applications to Bally or any person designated by Bally. Spectre
                agrees
                that the Trademarks are and will remain the sole property of Bally,
                and
                agrees not to do anything inconsistent with that ownership or to
                contest
                ownership of the Trademarks. Spectre agrees always to identify the
                Trademarks as being the property of Bally. Spectre agrees that all
                use of
                the Trademarks by Spectre or its sublicensees or contractors will
                inure to
                the sole benefit of, and be on behalf of, Bally.
                

            

    

    

    
      	 	
              e)

            	
              Each
                party agrees that it shall be required to obtain the written approval
                of
                the other party prior to that party issuing any press releases, public
                statement, or other publicly disclosed media information related
                to this
                Agreement and the other party, including but not limited to any uses
                of
                the other party’s Trademarks or other proprietary branding property in
                such media releases. Each party shall provide the other with a copy
                of the
                proposed media release(s) for review, as a condition of that party
                granting approval of the proposed media release.
                

            

    

     

    
      	11.	
              INDEMNIFICATION;
                INSURANCE

            

    

     

    
      	
            	(a)	
              Subject
                to the limitations set forth in this Agreement, Bally will defend,
                at its
                own expense, any claim, suit or proceeding brought against Spectre
                to the
                extent it is based upon a claim that the Licensed Technology infringes
                any
                patent, trademark, copyright or trade secret of any third party.
                Spectre
                agrees that it shall promptly notify Bally in writing of any such
                claim or
                action and give Bally full information and assistance in connection
                therewith. Bally will pay all damages, costs and expenses finally
                awarded
                from a court of competent jurisdiction from which no appeal lies
                to third
                parties against Spectre in such action or any settlement of such
                claims
                made by Bally. Bally shall have the exclusive right to settle or
                compromise any such claim or action, subject to Spectre’s consent which
                shall not be unreasonably withheld. If Spectre itself settles or
                purports
                to settle any such claim or action, then, without limiting Bally’s other
                rights or remedies, Bally shall have no obligations whatsoever under
                this
                Section 11. If a Bally Product is, or in Bally's opinion might be,
                held to
                infringe as set forth above, Bally may, at its option, replace or
                modify
                such Bally Product so as to avoid infringement, in which event Spectre
                will cease all further use or distribution of the replaced version
                of the
                Bally Product, or procure the right for Spectre to continue to exploit
                the
                Bally Product as provided herein. 

            

    

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

     

    
      	
            	b)	
              Limitations.
                Bally will not have any liability for any claim of infringement arising
                as
                a result of use of the Bally Products in combination with any items
                not
                supplied by Bally, any modification of the Bally Products by Spectre
                or
                third parties if the Bally Products would not have been infringing
                but for
                such modifications, or the use of other than the most recent release
                of
                the Bally Products provided by Bally to Spectre, if such claim would
                have
                been avoided by the use of the most recent
                release.

            

    

     

    
      	
            	c)	
              Entire
                Liability.
                The foregoing states the entire liability of Bally concerning infringement
                or misappropriation of any Intellectual Property Right, including
                without
                limitation any U.S. or other patent, trademark, copyright, or trade
                secret.

            

    

     

    
      	
            	d)	
              Spectre
                Indemnity.
                Spectre agrees to indemnify and hold Bally harmless from and against
                any
                claims, damages, expenses or costs arising as a result of the use
                of or
                otherwise in connection with the Bally Products or any distribution
                or
                other exploitation of the foregoing by Spectre or any of its
                subdistributors, dealers or other contractors or other exercise by
                any of
                the foregoing of any rights under this Agreement; provided that the
                foregoing indemnity shall not apply to any claims, damages, expenses
                or
                costs based solely on or arising solely as a result claims of infringement
                that are subject to indemnification under Section
                14(a).

            

    

     

    
      	12.	
              LIMITATION
                OF LIABILITY

            

    

     

      (a)
        (i) In no event shall either party be liable for any incidental, special,
        indirect, punitive, exemplary or consequential damages of whatever nature
        arising out of or in connection with this Agreement, even if such party has
        been
        notified of the possibility of such damages,
        and (ii) in no event shall Bally’s liability arising out of or relating to this
        Agreement, whether arising under contract, tort or any other theory of
        liability, exceed the amounts actually paid by Spectre to Bally under this
        Agreement , and in no event shall Spectre’s liability to Bally exceed the
        amounts contemplated to be paid by Spectre to Bally under this
        Agreement.

       

    (b)
      The
      parties acknowledge and agree that the provisions hereof that limit liability,
      disclaim warranties or exclude consequential damages or other damages or
      remedies are essential terms of this Agreement that are fundamental to the
      parties' understanding regarding allocation of risk. Accordingly, such
      provisions shall be severable and independent of any other provisions and shall
      be fully enforced regardless of any breach or other occurrence hereunder.
      Without limiting the generality of the foregoing, the
      parties agree that all limitations of liability, disclaimers of warranties
      and
      exclusions of consequential damages or other damages or remedies shall remain
      fully valid, effective and enforceable in accordance with their respective
      terms, even under circumstances that cause any exclusive remedy under this
      Agreement to fail of its essential purpose.

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

       

    

    
      	
              13.

            	
              COMPLIANCE
                WITH LAWS

            

    

     

      
        	
              	a)	
                Compliance
                  Program. Spectre
                  acknowledges that Bally Technologies, Inc. (Bally's parent company),
                  as a
                  company operating under privileged licenses in a highly regulated
                  industry, maintains the “Bally Technologies Compliance Program” as part of
                  a compliance program to protect and preserve the name, reputation,
                  integrity, and good will of Bally and its subsidiaries and affiliates
                  through a thorough review and determination of the integrity and
                  fitness,
                  both initially and thereafter, of any person or company that performs
                  work
                  for those companies or with which those companies are otherwise
                  associated, and to monitor compliance with the requirements established
                  by
                  gaming regulatory authorities in various jurisdictions around the
                  world
                  (the "Compliance Committee"). Spectre shall cooperate with the
                  Compliance
                  Committee as requested by Alliance or the Committee and provide
                  the
                  Committee with such information as it may request. If Bally, acting
                  on the
                  reasonable recommendation of the Compliance Committee, withdraws
                  its
                  approval of this Agreement or Spectre for reasons reasonably related
                  to
                  Spectre's suitability, then (1)
                  this Agreement shall be void and neither Party shall have any rights
                  hereunder, with the exception of Spectre’s applicable termination rights
                  set forth in Section 9(c),
                  and (2) to the extent Bally does not honor and perform under an
                  open
                  purchase order from Spectre that is contemplated herein, Bally
                  shall
                  return all sums provided by Spectre to Bally pursuant to this
                  Agreement.
                  In addition, Spectre shall promptly provide Bally with all information
                  reasonably requested by the Compliance Committee of Bally with
                  respect to
                  Spectre's (including Spectre's officers', directors' and controlling
                  shareholders') financial condition, litigation, indictments, criminal
                  proceedings, and the like, in which they are or may have been involved,
                  if
                  any, in order for the Compliance Committee to determine that no
                  such
                  information would disclose any fact which would jeopardize, in
                  any manner,
                  any gaming licenses or permits held by Bally or its affiliates
                  with any
                  gaming commission, board or similar regulatory
                  agency.

              

      

       

    
      	
              14.

            	
              GENERAL
                PROVISIONS

            

    

     

    
      	
            	a)	
              Notices.
                All
                notices hereunder shall be in writing and shall be deemed to have
                been
                given or made when (i) delivered by hand; (ii) delivered by facsimile
                or
                overnight delivery service; or (iii) delivered or mailed by registered
                or
                certified mail, postage prepaid, addressed as follows, until notice
                of
                another address and/or facsimile number shall have been received
                by the
                other Party.

            

    

     

    If
      to
      Bally: 

    Bally
      Gaming, Inc.

    ATTN:
      General Counsel

    6601
      South Bermuda Road

    Las
      Vegas, NV 89119

    Telephone:
      (702) 896-7700 

    Facsimile
      No.: (702) 896-7990

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

       

    

    If
      to
      Spectre: 

    Spectre
      Gaming, Inc. 

      Attn:
        Russell Mix
        and
        Kevin Greer

      14200
        23rd Avenue North

      Minneapolis,
        MN 55447

      Telephone:
        ( 763)
        553-7601

      Facsimile
        No.: ( 763) 559-1761

    

    
      	
            	b)	
              Governing
                Law.
                This Agreement shall be construed and enforced in accordance with
                the
                internal laws of the state of Nevada applicable to contracts entered
                into
                and wholly performed in Nevada by residents thereof. Any
                action or proceeding brought by either party against the other under
                or
                relating to this Agreement or the Bally Products shall be brought
                in a
                state or federal court of competent jurisdiction located in Nevada,
                and
                each party hereto hereby submits to the personal jurisdiction of,
                and
                consents to venue in, such courts for purposes of any such action
                or
                proceeding. 

            

    

     

    
      	
            	c)	
              Entire
                Agreement.
                This Agreement, including the Exhibits hereto, constitutes the entire
                agreement between the parties relating to the subject matter hereof
                and
                supersedes any prior or contemporaneous oral or written communication
                relating to the subject matter hereof. No purported amendment to
                this
                Agreement shall be valid or enforceable unless it is in writing and
                signed
                by an authorized representative of each of the parties
                hereto.

            

    

     

    
      	
            	d)	
              No
                Waiver.
                To
                the maximum extent permitted by applicable law, the failure of either
                party to require performance of any provision hereof will not affect
                in
                any way the right to require such performance at any time thereafter,
                nor
                will the waiver by either party of a breach of any provision of this
                Agreement be construed as a waiver of any future breach, nor will
                any
                waiver be deemed effective unless it is in a writing signed by the
                party
                charged therewith. 

            

    

     

    
      	
            	e)	
              Severability.
                If
                any term, covenant or condition of this Agreement is held to be invalid
                or
                unenforceable for any reason, the remainder of this Agreement will
                continue in full force and effect as if this Agreement has been executed
                without the invalidated provision. In addition, the parties agree
                to
                substitute for the invalidated provision a valid provision that most
                closely approximates the intent and economic effect of the invalidated
                provision. 

            

    

     

    
      	
            	f)	
              Assignment.
                Neither
                party shall transfer this Agreement or any of its rights, obligations
                or
                duties of performance hereunder by assignment, sublicense, delegation
                or
                any other means, without the prior written consent of the other
                party.

            

    

     

    
      	
            	g)	
              Counterparts.
                This Agreement may be executed in two or more counterparts, each
                of which
                shall be deemed an original and all of which, taken together, shall
                constitute one and the same instrument. Any such counterpart may
                be
                executed by facsimile signature with only verbal confirmation, and
                when so
                executed and delivered shall be deemed an original and such counterpart(s)
                together shall constitute only one
                original.

            

    

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

     

     

    IN
      WITNESS WHEREOF,
      the
      parties to this Agreement have executed this Agreement as of the date first
      set
      forth above.

     

    
      	
               

              Bally
                : Bally Gaming Inc.

               

              by: ___________________________

               

              name:      

               

              title:      

            	
               

              Spectre:
                Spectre Gaming, Inc.

               

              by: ___________________________ 

               

              Name:      

               

              Title:

            

    

    

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    EXHIBIT
      A

    

    

    

    These
      are
      the patents licensed to Spectre for the limited use as described in this
      Agreement for the production and distribution of Redemption Games. Spectre
      shall
      have no rights to any software or other tangible media incorporating the
      technology and Intellectual Property encompassed under these
      patents.

    

    Licensed
      Patents (existing claims under these patent numbers only)

    

    Patent
      Title: Prize Redemption System For Games

    Patent
      Number: 5,816,918

    

    Patent
      Title: Skill-Based Prize Games For Wide-Area Networks

    Patent
      Number: 6,007,426

    

    Patent
      Title: Prize Redemption System For Games

    Patent
      Number: 6,015,344

    

    Patent
      Title: Graphical User Interface For Providing Games and Prize Redemption
      Capabilities

    Patent
      Number: 6,306,035

     

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    EXHIBIT
      B

    Licensed
      Cashless Gaming Systems and Games

    

    

    
      	 	
              a.

            	
              Each
                gaming system obtained hereunder with cashless capability (a “Licensed
                Cashless Gaming System”) is provided under a limited license to one or
                more of the following U.S. Patent Nos. 5,290,033; 5,265,874; 6,048,269;
                5,429,361; 5,470,079; 6,729,957; 6,729,958 and 6,736,725. Any use
                of a
                Licensed Cashless Gaming System constitutes the acknowledgement of
                and
                agreement to the following “Limited
                License”:

            

    

     

    
      	 	
              i.

            	
              Licensed
                Cashless Gaming System License Rights. Licensed Cashless Gaming Systems
                are licensed solely for use to facilitate the cashless aspects of
                gaming
                machines that are separately licensed under
                these patents (“Licensed Gaming Machines”). The use of a Licensed Cashless
                Gaming System to facilitate cashless transactions by an unlicensed
                gaming
                machine is an unlicensed use.

            

    

     

    
      	 	
              ii.

            	
              Other
                License Limitations. Each Limited License is expressly limited to
                the
                original Licensed Cashless Gaming System (i.e., one serial number
                per
                license). A license may not be transferred from one gaming system
                to
                another. Any unauthorized transfer voids this license.
                

            

    

     

    
      	 	
              iii.

            	
              Transferred
                Cashless Gaming Machines. Any Cashless Gaming Machine (other than
                a Bally
                Licensed Cashless Gaming Machine or an IGT Licensed Cashless Gaming
                Machine) transferred to Spectre from an Affiliated Property must
                have a
                transfer authorization certificate issued by IGT before such Cashless
                Gaming Machine can be considered a Licensed Cashless Gaming Machine
                and
                connected to a Licensed Cashless Gaming System; without such transfer
                authorization certificate such Cashless Gaming Machines shall be
                deemed an
                unlicensed Cashless Gaming Machine. Any Cashless Gaming Machine (other
                than a Bally Licensed Cashless Gaming Machine or an IGT Licensed
                Cashless
                Gaming Machine) acquired by Spectre from a non-Affiliated Property
                shall
                be deemed an unlicensed Cashless Gaming Machine, even if such Cashless
                Gaming Machine was previously licensed because such license is not
                transferable between non-Affiliated Properties. For purposes of this
                Limited License, Affiliated Properties are properties with a common
                owner
                who has a majority interest in both
                properties.

            

    

     

    
      
         

      

      
        15

        
          

        

      

      
         

      

       

    

    
      	 	
              b.

            	
              Each
                gaming machine
                obtained hereunder with cashless capability (a “Licensed Cashless Gaming
                Machine”) is provided under a limited license to one or more of the
                following U.S. Patent Nos. 5,290,033; 5,265,874; 6,048,269; 5,429,361;
                5,470,079; 6,729,957; 6,729,958; and 6,736,725. Any use of a Licensed
                Cashless Gaming Machine constitutes the acknowledgement of and agreement
                to the following “Limited License”:

            

    

     

    
      	 	
              i.

            	
              Licensed
                Cashless Gaming Machine License Rights.
                Licensed Cashless Gaming Machines are licensed for use solely in
                connection
                with a cashless gaming system that is separately licensed under these
                patents (a “Licensed Cashless Gaming System”). The use of a Licensed
                Cashless Gaming Machine with an unlicensed gaming system that has
                cashless
                capability is an unlicensed use.

            

    

     

    
      	 	
              ii.

            	
              Other
                License Limitations.
                Each Limited License is expressly limited to the original Licensed
                Cashless Gaming Machine (i.e.,
                one serial number per license). A license may not be transferred
                from one
                gaming machine to another. Any unauthorized transfer voids this
                license.

            

    

    

     

    
      
         

      

      
        16

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}]]