Document:

Exhibit 10.2

    Exhibit
      10.2

      CHIEF
        FINANCIAL OFFICER COMPENSATION AGREEMENT

      

      THIS
        AGREEMENT made
        as
        of February 01, 2004

      

      BETWEEN:

      

      
        	 	 	
                Gamestate
                  Entertainment, Inc., a company incorporated under the laws of Nevada,
                  USA
                  having a registered office at 1650-1188 West Georgia Street, Vancouver,
                  BC
                  V6A 4E3

              

      

      

      (the
        "Company")

                                                                            OF
        THE FIRST PART

      

      AND:

      

      
        	 	 	
                Cameron
                  Scott King with and office at 4840 Northwood Drive, West Vancouver,
                  BC,
                  V7S 3C6

              

      

      

      (the
        "Executive")

                                                                          
        OF THE SECOND PART

      

      AND:

      

      
        	 	 	
                KING
                  Capital Corporation, a company incorporated under the laws of British
                  Columbia having its registered office at 4840 Northwood Drive,
                  West
                  Vancouver, BC, V7S 3C6

              

      

      

      (the
        "KING")

                                                                         
        OF THE THIRD PART

      

      WHEREAS,
        the Company has appointed Executive to the position of Chief Financial Officer,
        and Executive has accepted such appointment; 

      

      WHEREAS,
        the Executive desires to direct his compensation for services rendered to
        the
        company through his holding company KING;

      

      WHEREAS,
        in connection with such appointment, the Company, Executive

      And
        KING
        desire to enter into this Agreement;

      

      NOW,
        THEREFORE, in consideration of the Executive's appointment as CFO, and for
        other
        good and valuable consideration the receipt of which is hereby acknowledged,
        the
        Executive, KING and Company agree as follows:

      

      
        	1.  	
                Effective
                  Date. This
                  Agreements Effective Date Is the date first mentioned
                  herein.

              

      

      

      
        	2.  	
                Duties.
                  The Executive agrees that while he is engaged by the Company, he
                  will
                  devote a reasonable
                  working time,
                  energies and talents to serving as the CFO of the Company and providing
                  services for the Company at the direction of the Board of Directors
                  of the
                  Company. The Executive shall have such duties and responsibilities
                  as may
                  be assigned to him from time to time by the Board of Directors,
                  shall
                  perform all duties assigned to him faithfully and efficiently,
                  subject to
                  the direction of the Board of Directors, and shall have such authorities
                  and powers as are inherent to the undertakings applicable to his
                  position
                  and necessary to carry out the responsibilities and duties required
                  of him
                  hereunder; provided, however, that the Executive shall not be required
                  to
                  perform any duties while he is disabled. Both parties understand
                  and agree
                  that the Executive may serve on boards of directors of other businesses,
                  which are not in competition with the Company and may engage in
                  commercial, civic and charitable activities provided that such
                  service and
                  activities do not materially interfere with the performance of
                  the
                  Executive's duties.

              

      

      

      
        	3.  	
                Pre-Agreement Compensation.
                  The
                  Company will cause 250,000 free trading Class “A” shares of the Company to
                  be released to KING within 5 business days of all parties executing
                  this
                  agreement. 

              

      

      

      
        	3.1.  	
                The
                  company agrees to value the shares in the most tax advantageous
                  way in
                  favour of KING and the Executive.

              

      

      

      
        	3.2.  	
                Should
                  any sales tax be deemed or applied by a government agency as a
                  result of
                  this transaction KING will be responsible for said sales tax.
                  

              

      

      

      
        	4.  	
                Compensation.
                  Subject to the terms and conditions of this Agreement, during the
                  Employment Period while the Executive is employed by the Company,
                  the
                  Company shall compensate KING for the Executives services as
                  follows:

              

      

      

      4.1 The
        Executive shall receive, for each twelve-consecutive month period beginning
        on
        February 1st, 2004, and each anniversary thereof, an annual fee not less
        than
        $90,000 (the "Fee"), which Fee shall be payable in substantially equal monthly
        instalments on or before the last day of each month. The Executive's rate
        of Fee
        shall be reviewed annually beginning in February 2005 and may be increased
        at
        that time with the Compensation Committees approval.

      

      4.1.1 The
        Fee
        is net of any applicable taxes, and where any taxation is required to be
        applied
        as determined under Generally Accepted Accounting Principles (“GAAP”) the same
        will be remitted to KING with the monthly remittance. 

      

      4.1.2 KING
        is
        entitled to 2,000,000 common shares of the company issued over a set release
        schedule as long as Executive remains in the capacity of CFO. The shares
        are
        restricted under Rule 144 of the 1933 Securities Act.

      

      4.2. KING
        is
        entitled to participate in the company’s stock option plan at conversion price
        and an amount authorized by the Board of Directors.

      

      4.3. The
        Executive is entitled to a bonus payable semi-annually based on a defined
        set of
        benchmarks established by the Board of Directors. Benchmarks to be attributed
        to
        sales levels, profitability of the corporation and stock price
        performance.

      

      4.4.
        The
        Company will pay to the consultant a bonus of 5% of the value of any companies
        or business funded or purchased by the Company, which were funded or purchased
        under the direction of the Executive (acquisition bonus). The acquisition
        bonus
        will be paid 50% in cash added to the monthly fee and 50% in common stock
        of the
        Company. 

      

      4.5.
        Except as otherwise specifically provided to the contrary in this Agreement,
        the
        Executive shall be provided with health, welfare and other fringe benefits
        to
        the same extent and on the same terms as those benefits are provided by the
        Company from time to time to the Company's other senior management
        executives.

      

      4.6.
        The
        Executive shall be reimbursed by the Company, on terms and conditions that
        are
        substantially similar to those that apply to other similarly situated senior
        management executives of the Company, for reasonable out-of-pocket expenses
        for
        entertainment, travel, meals, lodging and similar items which are consistent
        with the Company's expense reimbursement policy and actually incurred by
        the
        Executive in the promotion of the Company's business.

      

      4.7.
        All
        cash Fees discussed herein will be accumulated and accrued (the “Accrual”) from
        the Effective Date to the benefit of KING but not paid out until the Company
        is
        listed for active trading with the NASDAQ OTCBB and the Company has completed
        an
        aggregate financing of $500,000.00. 

      

      
        	5.  	
                Rights
                  and Payments Upon Termination.
                  The Executive's right to benefits and payments, if any, for periods
                  after
                  the date on which his employment with the Company terminates for
                  any
                  reason (his "Termination Date") shall be determined in accordance
                  with
                  this Section 4:

              

      

      

      
        	5.1.  	
                Termination
                  by the Company for Reasons Other Than Cause; Termination by the
                  Executive
                  for Good Reason. If the Executive's termination by the Company
                  occurs for
                  any reason other than Cause or is a result of the Executive's termination
                  of employment for Good Reason (and is not on account of the Executive's
                  death, disability, or voluntary resignation, the mutual agreement
                  of the
                  parties or any other reason), then the Executive shall receive
                  from the
                  Company for the period commencing on his termination Date and ending
                  on
                  the earliest of;

              

      

      

      
        	5.1.1.  	
                the
                  thirty-sixth month after the Executive's Termination
                  Date;

              

      

      

      
        	5.1.2.  	
                the
                  date on which the Executive violates the provisions of Sections
                  5, 6 or 7
                  of this Agreement; or 

              

      

      

      
        	5.1.3.  	
                the
                  date of the Executive's death, the Salary, bonus and benefits in
                  effect as
                  of his Termination Date, payable in accordance with the provisions
                  of
                  Paragraph 3.

              

      

      

      
        	5.2.  	
                The
                  monthly Fee amounts will continue as described above. Benefits
                  that will
                  continue will include medical, dental, basic life insurance, financial
                  counselling services, any optional life insurance and any optional
                  accidental death and dismemberment insurance. Bonus shall mean
                  three
                  payments of the average annual amount of the award paid to the
                  Executive
                  pursuant to the annual incentive plan or successor plan with respect
                  to
                  the three years immediately preceding that in which the Termination
                  Date
                  occurs; excluding any years in which the bonus was zero. If all
                  three
                  immediately preceding bonus payments were equal to zero, then no
                  bonus
                  payment would be continued for the next three
                  years.

              

      

      

      
        	5.2.1.  	
                Fee
                  payments to the Executive during the aforementioned thirty-six
                  month
                  period shall not preclude the Executive's eligibility for payments
                  under
                  the Company’s severance plan if
                  any.

              

      

      

      
        	5.2.2.  	
                All
                  existing unvested options as of the Termination Date will become
                  vested
                  and the Executive shall be afforded a 36-month extension period
                  of time
                  (but not beyond the original Termination Date of the option) from
                  the
                  Termination Date to exercise any remaining unexercised options
                  that had
                  not expired before the Termination
                  Date.

              

      

      

      
        	5.2.3.  	
                It
                  is expected that the Executive would have an opportunity to exercise
                  said
                  options in a cashless exchange from the first window period (post
                  earnings
                  public release period) after the Executive's Termination Date and
                  thereafter. The Company expects that such a transaction could be
                  accomplished very promptly at the beginning of said window period
                  and
                  thereafter. The Executive may exercise a cashless exchange of options
                  before the date mentioned above if the Company is in agreement
                  on the
                  efficacy of such action and the Company would not unreasonably
                  withhold
                  such agreement.

              

      

      

      
        	5.2.4.  	
                The
                  Company will, to the maximum extent permitted by law, defend, indemnify
                  and hold harmless the Executive, KING and the Executive's heirs,
                  estate,
                  executors and administrators against any costs, losses, claims,
                  suits,
                  proceedings, damages or liabilities to which the Executive may
                  become
                  subject which arise out of, are based upon or relate to the Executive's
                  engagement by the Company (and any predecessor company to the Company),
                  or
                  the Executive's service as an officer or member of the Board of
                  Directors
                  of the Company (or any predecessor company to the Company), including
                  without limitation reimbursement for any legal or other expenses
                  reasonably incurred by the Executive in connection with investigation
                  and
                  defending against any such costs, losses, claims, suits, proceedings,
                  damages or liabilities. The Company shall maintain directors and
                  officers
                  liability insurance in commercially reasonable amounts (as reasonably
                  determined by the Board), and the Executive shall be covered under
                  such
                  insurance to the same extent as other senior management employees
                  of the
                  Company with respect to matters which occurred during such period
                  of
                  employment.

              

      

      

      
        	5.2.5.  	
                The
                  Executive shall not be required to mitigate the amount of any payment
                  provided for in this Agreement by seeking outside employment or
                  otherwise
                  and such payments shall not be reduced by any other income earned
                  by
                  Executive.

              

      

      

      
        	5.3.  	
                Termination
                  By Company for Cause. If the Executive's termination is a result
                  of the
                  Company's termination of the Executive's employment on account
                  of Cause,
                  then, except as agreed in writing between the Executive and the
                  Company,
                  the Executive shall have no right to future payments or benefits
                  under
                  this Agreement (and the Company shall have no obligation to make
                  any such
                  future payments or provide any such future benefits) for periods
                  after the
                  Executive's Termination Date.

              

      

      

      
        	5.4.  	
                Termination
                  for Death or Disability. If the Executive's termination is caused
                  by the
                  Executive's death or permanent disability, then the Executive (or
                  in the
                  event of his death, his estate) shall be entitled to continuing
                  payments
                  of his Salary for the period commencing on his Termination Date
                  and ending
                  on the earlier of (i) the last day of the calendar month in which
                  his
                  Termination Date occurs or (ii) the date on which the Executive
                  violates
                  the provisions of Sections 4, 5 or 6 of this
                  Agreement.

              

      

      

      
        	5.5.  	
                Termination
                  for Voluntary Resignation, Mutual Agreement or Other Reasons. If
                  the
                  Executive's termination occurs on account of his voluntary resignation,
                  mutual agreement of the parties, or any reason other than those
                  specified
                  in Paragraphs (A), (B) or (C) above then, except as agreed in writing
                  between the Executive and the Company, the Executive shall have
                  no right
                  to future payments or benefits under this Agreement (and the Company
                  shall
                  have no obligation to make any such future payments or provide
                  any such
                  future benefits) for periods after the Executive's Termination
                  Date. The
                  Executive's termination of employment for Good Reason shall not
                  be treated
                  as a voluntary resignation for purposes of this
                  Agreement.

              

      

      

      
        	5.6.  	
                Definitions.
                  For purposes of this Agreement:

              

      

      

      
        	5.6.1.  	
                The
                  term "Cause" shall mean:

              

      

      

      
        	5.6.1.1.  	
                the
                  wilful engaging by the Executive in conduct which is demonstrably
                  and
                  materially injurious to the Company or its affiliates, monetarily
                  or
                  otherwise, as determined by the Board of Directors;
                  or

              

      

      

      
        	5.6.1.2.  	
                conduct
                  by the Executive that involves theft, fraud or dishonesty;
                  or

              

      

      

      
        	5.6.1.3.  	
                the
                  Executive's violation of the provisions of Sections 5, 6 or 7
                  hereof.

              

      

      

      
        	5.6.2.  	
                The
                  term "Good Reason" means (a) the assignment to the Executive duties
                  which
                  are materially inconsistent with his duties as Chairman, President
                  and CEO
                  of the Company, including, without limitation, a material diminution
                  or
                  reduction in his title, office or responsibilities or a reduction
                  in his
                  rate of Salary, failure to provide bonus opportunities or stock
                  awards in
                  accordance with the requirements in Section 2, or (b) the relocation
                  of
                  the Executive to a location that is not within the greater Vancouver
                  metropolitan area.

              

      

      

      
        	5.6.3.  	
                Notwithstanding
                  any other provision of this Agreement, the Executive shall automatically
                  cease to be an employee of the Company and its affiliates as of
                  his
                  Termination Date and, to the extent permitted by applicable law,
                  any and
                  all monies that the Executive owes to the Company shall be repaid
                  before
                  any post-termination payments are made pursuant to the Executive
                  pursuant
                  to this Agreement.

              

      

      

      
        	6.  	
                Confidential
                  Information.
                  The Executive agrees that:

              

      

      

      
        	6.1.  	
                Except
                  as may be required by the lawful order of a court or agency of
                  competent
                  jurisdiction, or except to the extent that the Executive has express
                  authorization from the Company, he shall keep secret and confidential
                  indefinitely all non-public information (including, without limitation,
                  information regarding litigation and pending litigation) concerning
                  the
                  Company and its affiliates which was acquired by or disclosed to
                  the
                  Executive during the course of his employment with the Company,
                  and not to
                  disclose the same, either directly or indirectly, to any other
                  person,
                  firm, or business entity, or to use it in any
                  way.

              

      

      

      
        	6.2.  	
                Upon
                  his Termination Date or at the Company's earlier request, he will
                  promptly
                  return to the Company any and all records, documents, physical
                  property,
                  information, computer disks or other materials relating to the
                  business of
                  the Company and its affiliates obtained by him during his course
                  of
                  employment with the Company.

              

      

      

      
        	6.3.  	
                The
                  Executive shall keep the Company informed of, and shall execute
                  such
                  assignments as may be necessary to transfer to the Company or its
                  affiliates the benefits of, any inventions, discoveries, improvements,
                  trade secrets, developments, processes, and procedures made by
                  the
                  Executive, in whole or in part, or conceived by the Executive either
                  alone
                  or with others, which result from any work which the Executive
                  may do for
                  or at the request of the Company, whether or not conceived by the
                  Executive while on holiday, on vacation, or off the premises of
                  the
                  Company, including such of the foregoing items conceived during
                  the course
                  of employment which are developed or perfected after the Executive's
                  termination of employment. The Executive shall assist the Company
                  or other
                  nominated by it, to obtain patents, trademarks and service marks
                  and the
                  Executive agrees to execute all documents and to take all other
                  actions
                  which are necessary or appropriate to secure to the Company and
                  its
                  affiliates the benefits thereof. Such patents, trademarks and service
                  marks shall become the property of the Company and its affiliates.
                  The
                  Executive shall deliver to the Company all sketches, drawings,
                  models,
                  figures, plans, outlines, descriptions or other information with
                  respect
                  thereto.

              

      

      

      
        	6.4.  	
                To
                  the extent that any court or agency seeks to have the Executive
                  disclose
                  confidential information, he shall promptly inform the Company,
                  and he
                  shall take such reasonable steps to prevent disclosure of Confidential
                  Information until the Company has been informed of such requested
                  disclosure. To the extent that the Executive obtains information
                  on behalf
                  of the Company or any of its affiliates that may be subject to
                  attorney-client privilege as to the Company's attorneys, the Executive
                  shall take reasonable steps to maintain the confidentiality of
                  such
                  information and to preserve such
                  privilege.

              

      

      

      
        	6.5.  	
                Nothing
                  in the foregoing provisions of this Section 5 shall be construed
                  so as to
                  prevent the Executive from using, in connection with his employment
                  for
                  himself or an employer other than the Company or any of its affiliates,
                  knowledge which was acquired by him during the course of his employment
                  with the Company and its affiliates, and which is generally known
                  to
                  persons of his experience in other companies in the same
                  industry.

              

      

      

      
        	7.  	
                Non-solicitation.
                  While the Executive is employed by the Company and its affiliates
                  and for
                  a period of three years after the date the Executive terminates
                  employment
                  with the Company and its affiliates for any reason, the Executive
                  covenants and agrees that he will not, whether for himself or for
                  any
                  other person, business, partnership, association, firm, company
                  or
                  corporation, directly or indirectly, call upon, solicit, divert
                  or take
                  away or attempt to solicit, divert or take away, any of the customers
                  or
                  employees of the Company or its affiliates in existence from time
                  to time
                  during his employment with the Company and its
                  affiliates.

              

      

      

      
        	8.  	
                Non-competition.
                  While the Executive is employed by the Company and its affiliates,
                  and for
                  a period of three years after the date the Executive terminates
                  employment
                  with the Company and its affiliates, the Executive covenants and
                  agrees
                  that he will not, directly or indirectly, engage in, assist, perform
                  services for, plan for, establish or open, or have any financial
                  interest
                  (other than (i) ownership of 1% or less of the outstanding stock
                  of any
                  corporation listed on the New York or American Stock Exchange or
                  included
                  in the National Association of Securities Dealers Automated Quotation
                  System or (ii)ownership of securities in any entity affiliated
                  with the
                  Company) in any person, firm, corporation, or business entity (whether
                  as
                  an employee, officer, director or consultant) that engages in an
                  activity
                  in any state in which the Company or its affiliates is conducting
                  or has
                  reasonable expectations of commencing business activities at the
                  date of
                  the Executive's termination of employment, which is the same as,
                  similar
                  to, or competitive with location based entertainment centres,
                  entertainment processing and distribution business of the Company
                  and its
                  affiliates.

              

      

      

      
        	9.  	
                Equitable
                  Remedies.
                  The Executive acknowledges that the Company would be irreparably
                  injured
                  by a violation of Sections 5, 6 and 7 and agrees that the Company,
                  in
                  addition to other remedies available to it for such breach or threatened
                  breach, shall be entitled to a preliminary injunction, temporary
                  restraining order, other equivalent relief, restraining the Executive
                  from
                  any actual or threatened breach of Sections 5, 6 and 7 without
                  any bond or
                  other security being required.

              

      

      

      
        	10.  	
                Defence
                  of Claims.
                  The Executive agrees that, during his employment with the Company
                  and
                  after his termination, he will cooperate with the Company and its
                  affiliates in the defence of any claims that may be made against
                  the
                  Company or its affiliates to the extent that such claims may relate
                  to
                  services performed by him for the Company. To the extent travel
                  is
                  required to comply with the requirements of this Section 8, the
                  Company,
                  shall to the extent possible, provide the Executive with notice
                  at least
                  10 days prior to the date on which such travel would be required
                  and the
                  Company agrees to reimburse the Executive for all of his reasonable
                  actual
                  expenses associated with such travel; provided, however, that if
                  the
                  Company reasonably expects the travel to be extensive or unduly
                  burdensome
                  to the Executive from a financial perspective, the Company may
                  provide to
                  the Executive pre-paid tickets for transportation in connection
                  with such
                  travel.

              

      

      

      
        	11.  	
                Notices.
                  Notices provided for in this Agreement shall be in writing and
                  shall be
                  deemed to have been duly received when delivered in person or sent
                  by
                  facsimile transmission, on the first business day after it is sent
                  by air
                  express courier service or on the second business day following
                  deposit in
                  the Canada Post registered or certified mail, return receipt requested,
                  postage prepaid and addressed, 

              

      

      

      
        	11.1.  	
                to
                  the executive:Cameron
                  King 4840 Northwood,

              

      

      West
        Vancouver, BC V7S 3C6

      

      
        	11.2.  	
                or
                  such other address as either party may have furnished to the other
                  in
                  writing in accordance herewith, except that a notice of change
                  of address
                  shall be effective only upon actual
                  receipt.

              

      

      

      
        	12.  	
                Successors.
                  This Agreement shall be binding on, and inure to the benefit of,
                  the
                  Company and its successors and assigns and any person acquiring,
                  whether
                  by merger, reorganization, consolidation, by purchase of assets
                  or
                  otherwise, all or substantially all of the assets of the
                  Company.

              

      

      

      
        	13.  	
                Non-alienation.
                  The interests of the Executive under this Agreement are not subject
                  to the
                  claims of his creditors, other than the Company, and may not otherwise
                  be
                  voluntarily or involuntarily assigned, alienated or
                  encumbered.

              

      

      

      
        	14.  	
                Waiver
                  of Breach.
                  The waiver by either the Company or the Executive of a breach of
                  any
                  provision of this Agreement shall not operate as or be deemed a
                  waiver of
                  any subsequent breach by either the Company or the Executive. Continuation
                  of payments hereunder by the Company following a breach by the
                  Executive
                  of any provision of this Agreement shall not preclude the Company
                  from
                  thereafter terminating said payments based upon the same
                  violation.

              

      

      

      
        	15.  	
                Severability.
                  It
                  is mutually agreed and understood by the parties that should any
                  of the
                  agreements and covenants contained herein be determined by any
                  court of
                  competent jurisdiction to be invalid by virtue of being vague or
                  unreasonable, including but not limited to the provisions of Sections
                  5, 6
                  and 7, then the parties hereto consent that this Agreement shall
                  be
                  amended retroactive to the date of its execution to include the
                  terms and
                  conditions said court deems to be reasonable and in conformity
                  with the
                  original intent of the parties and the parties hereto consent that
                  under
                  such circumstances, said court shall have the power and authority
                  to
                  determine what is reasonable and in conformity with the original
                  intent of
                  the parties to the extent that said covenants and/or agreements
                  are
                  enforceable.

              

      

      

      
        	16.  	
                Applicable
                  Law.
                  This Agreement shall be construed in accordance with the laws of
                  the
                  Province of British Columbia,
                  Canada.

              

      

      

      
        	17.  	
                Currency.
                  All
                  dollar amounts referred to in this Agreement are the currency of
                  the
                  United States of America and in US
                  Dollars.

              

      

      

      
        	18.  	
                Amendment.
                  This Agreement may be amended or cancelled by mutual Agreement
                  of the
                  parties in writing without the consent of any other
                  person.

              

      

      

      
        	19.  	
                Counterparts.
                  This Agreement may be executed in any number of counterparts, each
                  of
                  which when so executed and delivered shall be an original, but
                  all such
                  counterparts shall together constitute one and the same instrument.
                  Each
                  counterpart may consist of a copy hereof containing multiple signature
                  pages; each signed by one party hereto, but together signed by
                  both of the
                  parties hereto.

              

      

      

      
        	20.  	
                Arbitration
                  & Legal Fees.
                  The Executive and the Company in good faith negotiations for the
                  purpose
                  of reaching an amicable resolution shall discuss disputes arising
                  out of
                  or in connection with the interpretation and application of this
                  Agreement. Without prejudice to the Company's rights under Section
                  8 of
                  this Agreement, any such disputes which cannot be settled amicably
                  within
                  thirty (30) days after written notice by one party to the other
                  (or after
                  such longer period agreed to in writing by the parties), shall
                  thereafter
                  be settled by binding arbitration in Chicago, Illinois, to be conducted
                  pursuant to the rules and procedures then obtaining of the American
                  Arbitration Association and judgement on the award rendered in
                  such
                  arbitration may be entered in any court of competent
                  jurisdiction.

              

      

      

      
        	20.1.  	
                The
                  Executive is entitled to timely payments (not later than 30 calendar
                  days
                  after notice from the Executive) from the Company of reasonable
                  attorney
                  fees incurred by the Executive in the event of a dispute arising
                  out of or
                  in connection with the interpretation and application of this
                  Agreement.

              

      

      

      
        	21.  	
                Other
                  Agreements.
                  This Agreement constitutes the sole and complete Agreement between
                  the
                  Company and the Executive and supersedes all other agreements,
                  both oral
                  and written, between the Company and the Executive with respect
                  to the
                  matters contained herein, provided, however, that this Agreement
                  does not
                  supersede the Change in Control Agreement or Severance Plan. No
                  verbal or
                  other statements, inducements, or representations have been made
                  to or
                  relied upon by the Executive. The parties have read and understand
                  this
                  Agreement.

              

      

      

      IN
        WITNESS WHEREOF
        the parties have executed this Agreement as of the day and year first above
        written.

      

      

      Gamestate
        Entertainment, Inc.         
KING
        Capital Corporation

      

      

      

      

      Per:____________________________              Per:______________________________

      Authorized
        Signatory           
Authorized
        SignatoryExhibit 10.3

    

      CHAIRMAN,
        PRESIDENT AND CEO COMPENSATION AGREEMENT

      

      THIS
        AGREEMENT made
        as
        of February 01, 2004

      

      BETWEEN:

      

      
        	 	 	
                Gamestate
                  Entertainment, Inc., a company incorporated under the laws of Nevada,
                  USA
                  having a registered office at 1650-1188 West Georgia Street, Vancouver,
                  BC
                  V6A 4E3

              

      

      

      (the
        "Company")

                                                                      OF
        THE FIRST
        PART

      

      AND:

      

      
        	 	 	
                Roderick
                  C. Bartlett with an office at 2818
                  Bellevue Ave. West Vancouver, BC, V7V
                  1E8

              

      

      

      (the
        "Executive")

                                                                      OF
        THE SECOND
        PART

      

      AND:

      

      
        	 	 	
                BPYA
                  966 Holdings Ltd.,
                  a
                  company incorporated under the laws of British Columbia having
                  its
                  registered office at 2818 Bellevue Ave. West Vancouver, BC, V7V
                  1E8

              

      

      

      (the
        "BPYA")

                                                                      OF
        THE THIRD
        PART

      

      WHEREAS,
        the Company has appointed Executive to the position of Chairman,

      President
        and CEO, and Executive has accepted such appointment; 

      

      WHEREAS,
        the Executive desires to direct his compensation for services rendered to
        the
        company through his holding company BPYA;

      

      WHEREAS,
        in connection with such appointment, the Company, Executive

      And
        BPYA
        desire to enter into this Agreement;

      

      NOW,
        THEREFORE, in consideration of the Executive's appointment as Chairman,
        President and CEO, and for other good and valuable consideration the receipt
        of
        which is hereby acknowledged, the Executive, BPYA and Company agree as
        follows:

      

      
        	1.  	
                Effective
                  Date. This
                  Agreements Effective Date Is the date first mentioned
                  herein.

              

      

      

      
        	2.  	
                Duties.
                  The Executive agrees that while he is engaged by the Company, he
                  will
                  devote a reasonable
                  working time,
                  energies and talents to serving as the Chairman, President and
                  CEO of the
                  Company and providing services for the Company at the direction
                  of the
                  Board of Directors of the Company. The Executive shall have such
                  duties
                  and responsibilities as may be assigned to him from time to time
                  by the
                  Board of Directors, shall perform all duties assigned to him faithfully
                  and efficiently, subject to the direction of the Board of Directors,
                  and
                  shall have such authorities and powers as are inherent to the undertakings
                  applicable to his position and necessary to carry out the responsibilities
                  and duties required of him hereunder; provided, however, that the
                  Executive shall not be required to perform any duties while he
                  is
                  disabled. Both parties understand and agree that the Executive
                  may serve
                  on boards of directors of other businesses, which are not in competition
                  with the Company and may engage in commercial, civic and charitable
                  activities provided that such service and activities do not materially
                  interfere with the performance of the Executive's
                  duties.

              

      

      

      
        	3.  	
                Compensation.
                  Subject to the terms and conditions of this Agreement, during the
                  Employment Period while the Executive is employed by the Company,
                  the
                  Company shall compensate BPYA for the Executives services as
                  follows:

              

      

      

      
        	3.1.  	
                The
                  Executive shall receive, for each twelve-consecutive month period
                  beginning on February 1st, 2004, and each anniversary thereof,
                  an annual
                  fee not less than $90,000 (the "Fee"), which Fee shall be payable
                  in
                  substantially equal monthly instalments on or before the last day
                  of each
                  month. The Executive's rate of Fee shall be reviewed annually beginning
                  in
                  February 2005 and may be increased at that time with the Compensation
                  Committees approval.

              

      

      

      
        	3.1.1.  	
                The
                  Fee is net of any applicable taxes, and where any taxation is required
                  to
                  be applied as determined under Generally Accepted Accounting Principles
                  (“GAAP”) the same will be remitted to BPYA with the monthly remittance.
                  

              

      

      

      
        	3.2.  	
                BPYA
                  is entitled to 5,000,000 common shares of the company issued over
                  a set
                  release schedule as long as Executive remains in the capacity of
                  President
                  and CEO. The shares are restricted under Rule 144 of the 1933 Securities
                  Act.

              

      

      

      
        	3.2.1.  	
                The
                  Company will do everything within its power to release the said
                  shares
                  from any and all restrictions at the earliest date possible.
                  

              

      

      

      
        	3.2.2.  	
                BPYA
                  will receive 2,500,000 (12.15%) of the common shares of the Company
                  within
                  5 business days of the execution of this
                  Agreement.

              

      

      

      
        	3.2.3.  	
                500,000
                  released every 6 months on the anniversary of the Effective Date.
                  Common
                  shares are to be released from Treasury upon written approval from
                  Board
                  of Directors. If the Board chooses to terminate the Executive at
                  the
                  anniversary of this agreement, any balance of common stock remaining
                  unrealized by BPYA will be returned to
                  Treasury.

              

      

      

      
        	3.3.  	
                BPYA
                  is entitled to participate in the company’s stock option plan at
                  conversion price and an amount authorized by the Board of
                  Directors.

              

      

      

      
        	3.4.  	
                The
                  Executive is entitled to a bonus payable semi-annually based on
                  a defined
                  set of benchmarks established by the Board of Directors. Benchmarks
                  to be
                  attributed to sales levels, profitability of the corporation and
                  stock
                  price performance.

              

      

      

      
        	3.5.  	
                The
                  Company will pay to the consultant a bonus of 5% of the value of
                  any
                  companies or business funded or purchased by the Company, which
                  were
                  funded or purchased under the direction of the Executive (acquisition
                  bonus). The acquisition bonus will be paid 50% in cash added to
                  the
                  monthly fee and 50% in common stock of the Company.
                  

              

      

      

      
        	3.6.  	
                Except
                  as otherwise specifically provided to the contrary in this Agreement,
                  the
                  Executive shall be provided with health, welfare and other fringe
                  benefits
                  to the same extent and on the same terms as those benefits are
                  provided by
                  the Company from time to time to the Company's other senior management
                  executives.

              

      

      

      
        	3.7.  	
                The
                  Executive shall be reimbursed by the Company, on terms and conditions
                  that
                  are substantially similar to those that apply to other similarly
                  situated
                  senior management executives of the Company, for reasonable out-of-pocket
                  expenses for entertainment, travel, meals, lodging and similar
                  items which
                  are consistent with the Company's expense reimbursement policy
                  and
                  actually incurred by the Executive in the promotion of the Company's
                  business.

              

      

      

      
        	3.8.  	
                The
                  Company shall pay the Executive for the amount of the monthly lease
                  payment for the automobile that the Executive uses for business;
                  provided,
                  however, that the Company shall report as income to the Executive
                  any
                  amounts required by law or the policies of the Company relating
                  to the
                  Executive's personal use of such
                  automobile.

              

      

      

      
        	3.9.  	
                All
                  cash Fees discussed herein will be accumulated and accrued (the
“Accrual”)
                  from the Effective Date to the benefit of BPYA but not paid out
                  until the
                  Company is listed for active trading with the NASDAQ OTCBB and
                  the Company
                  has completed an aggregate financing of $250,000.00. or April
                  30th,
                  2004 which ever is sooner at which time the company will have 10
                  business
                  days to pay BPYA the Accrual.

              

      

      
        	4.  	
                Rights
                  and Payments Upon Termination.
                  The Executive's right to benefits and payments, if any, for periods
                  after
                  the date on which his employment with the Company terminates for
                  any
                  reason (his "Termination Date") shall be determined in accordance
                  with
                  this Section 4:

              

      

      

      
        	4.1.  	
                Termination
                  by the Company for Reasons Other Than Cause; Termination by the
                  Executive
                  for Good Reason. If the Executive's termination by the Company
                  occurs for
                  any reason other than Cause or is a result of the Executive's termination
                  of employment for Good Reason (and is not on account of the Executive's
                  death, disability, or voluntary resignation, the mutual agreement
                  of the
                  parties or any other reason), then the Executive shall receive
                  from the
                  Company for the period commencing on his termination Date and ending
                  on
                  the earliest of;

              

      

      

      
        	4.1.1.  	
                the
                  thirty-sixth month after the Executive's Termination
                  Date;

              

      

      

      
        	4.1.2.  	
                the
                  date on which the Executive violates the provisions of Sections
                  5, 6 or 7
                  of this Agreement; or 

              

      

      

      
        	4.1.3.  	
                the
                  date of the Executive's death, the Salary, bonus and benefits in
                  effect as
                  of his Termination Date, payable in accordance with the provisions
                  of
                  Paragraph 3.

              

      

      

      
        	4.2.  	
                The
                  monthly Fee amounts will continue as described above. Benefits
                  that will
                  continue will include medical, dental, basic life insurance, financial
                  counselling services, any optional life insurance and any optional
                  accidental death and dismemberment insurance. Bonus shall mean
                  three
                  payments of the average annual amount of the award paid to the
                  Executive
                  pursuant to the annual incentive plan or successor plan with respect
                  to
                  the three years immediately preceding that in which the Termination
                  Date
                  occurs; excluding any years in which the bonus was zero. If all
                  three
                  immediately preceding bonus payments were equal to zero, then no
                  bonus
                  payment would be continued for the next three
                  years.

              

      

      

      
        	4.2.1.  	
                Fee
                  payments to the Executive during the aforementioned thirty-six
                  month
                  period shall not preclude the Executive's eligibility for payments
                  under
                  the Company’s severance plan if
                  any.

              

      

      

      
        	4.2.2.  	
                All
                  existing unvested options as of the Termination Date will become
                  vested
                  and the Executive shall be afforded a 36-month extension period
                  of time
                  (but not beyond the original Termination Date of the option) from
                  the
                  Termination Date to exercise any remaining unexercised options
                  that had
                  not expired before the Termination
                  Date.

              

      

      

      
        	4.2.3.  	
                It
                  is expected that the Executive would have an opportunity to exercise
                  said
                  options in a cashless exchange from the first window period (post
                  earnings
                  public release period) after the Executive's Termination Date and
                  thereafter. The Company expects that such a transaction could be
                  accomplished very promptly at the beginning of said window period
                  and
                  thereafter. The Executive may exercise a cashless exchange of options
                  before the date mentioned above if the Company is in agreement
                  on the
                  efficacy of such action and the Company would not unreasonably
                  withhold
                  such agreement.

              

      

      

      

      

      
        	4.2.4.  	
                The
                  Company will, to the maximum extent permitted by law, defend, indemnify
                  and hold harmless the Executive, BPYA and the Executive's heirs,
                  estate,
                  executors and administrators against any costs, losses, claims,
                  suits,
                  proceedings, damages or liabilities to which the Executive may
                  become
                  subject which arise out of, are based upon or relate to the Executive's
                  engagement by the Company (and any predecessor company to the Company),
                  or
                  the Executive's service as an officer or member of the Board of
                  Directors
                  of the Company (or any predecessor company to the Company), including
                  without limitation reimbursement for any legal or other expenses
                  reasonably incurred by the Executive in connection with investigation
                  and
                  defending against any such costs, losses, claims, suits, proceedings,
                  damages or liabilities. The Company shall maintain directors and
                  officers
                  liability insurance in commercially reasonable amounts (as reasonably
                  determined by the Board), and the Executive shall be covered under
                  such
                  insurance to the same extent as other senior management employees
                  of the
                  Company with respect to matters which occurred during such period
                  of
                  employment.

              

      

      

      
        	4.2.5.  	
                The
                  Executive shall not be required to mitigate the amount of any payment
                  provided for in this Agreement by seeking outside employment or
                  otherwise
                  and such payments shall not be reduced by any other income earned
                  by
                  Executive.

              

      

      

      
        	4.3.  	
                Termination
                  By Company for Cause. If the Executive's termination is a result
                  of the
                  Company's termination of the Executive's employment on account
                  of Cause,
                  then, except as agreed in writing between the Executive and the
                  Company,
                  the Executive shall have no right to future payments or benefits
                  under
                  this Agreement (and the Company shall have no obligation to make
                  any such
                  future payments or provide any such future benefits) for periods
                  after the
                  Executive's Termination Date.

              

      

      

      
        	4.4.  	
                Termination
                  for Death or Disability. If the Executive's termination is caused
                  by the
                  Executive's death or permanent disability, then the Executive (or
                  in the
                  event of his death, his estate) shall be entitled to continuing
                  payments
                  of his Salary for the period commencing on his Termination Date
                  and ending
                  on the earlier of (i) the last day of the calendar month in which
                  his
                  Termination Date occurs or (ii) the date on which the Executive
                  violates
                  the provisions of Sections 4, 5 or 6 of this
                  Agreement.

              

      

      

      

      

      
        	4.5.  	
                Termination
                  for Voluntary Resignation, Mutual Agreement or Other Reasons. If
                  the
                  Executive's termination occurs on account of his voluntary resignation,
                  mutual agreement of the parties, or any reason other than those
                  specified
                  in Paragraphs (A), (B) or (C) above then, except as agreed in writing
                  between the Executive and the Company, the Executive shall have
                  no right
                  to future payments or benefits under this Agreement (and the Company
                  shall
                  have no obligation to make any such future payments or provide
                  any such
                  future benefits) for periods after the Executive's Termination
                  Date. The
                  Executive's termination of employment for Good Reason shall not
                  be treated
                  as a voluntary resignation for purposes of this
                  Agreement.

              

      

      

      
        	4.6.  	
                Definitions.
                  For purposes of this Agreement:

              

      

      

      
        	4.6.1.  	
                The
                  term "Cause" shall mean:

              

      

      

      
        	4.6.1.1.  	
                the
                  wilful engaging by the Executive in conduct which is demonstrably
                  and
                  materially injurious to the Company or its affiliates, monetarily
                  or
                  otherwise, as determined by the Board of Directors;
                  or

              

      

      

      
        	4.6.1.2.  	
                conduct
                  by the Executive that involves theft, fraud or dishonesty;
                  or

              

      

      

      
        	4.6.1.3.  	
                the
                  Executive's violation of the provisions of Sections 5, 6 or 7
                  hereof.

              

      

      

      
        	4.6.2.  	
                The
                  term "Good Reason" means (a) the assignment to the Executive duties
                  which
                  are materially inconsistent with his duties as Chairman, President
                  and CEO
                  of the Company, including, without limitation, a material diminution
                  or
                  reduction in his title, office or responsibilities or a reduction
                  in his
                  rate of Salary, failure to provide bonus opportunities or stock
                  awards in
                  accordance with the requirements in Section 2, or (b) the relocation
                  of
                  the Executive to a location that is not within the greater Vancouver
                  metropolitan area.

              

      

      

      
        	4.6.3.  	
                Notwithstanding
                  any other provision of this Agreement, the Executive shall automatically
                  cease to be an employee of the Company and its affiliates as of
                  his
                  Termination Date and, to the extent permitted by applicable law,
                  any and
                  all monies that the Executive owes to the Company shall be repaid
                  before
                  any post-termination payments are made pursuant to the Executive
                  pursuant
                  to this Agreement.

              

      

      

      
        	5.  	
                Confidential
                  Information.
                  The Executive agrees that:

              

      

      

      
        	5.1.  	
                Except
                  as may be required by the lawful order of a court or agency of
                  competent
                  jurisdiction, or except to the extent that the Executive has express
                  authorization from the Company, he shall keep secret and confidential
                  indefinitely all non-public information (including, without limitation,
                  information regarding litigation and pending litigation) concerning
                  the
                  Company and its affiliates which was acquired by or disclosed to
                  the
                  Executive during the course of his employment with the Company,
                  and not to
                  disclose the same, either directly or indirectly, to any other
                  person,
                  firm, or business entity, or to use it in any
                  way.

              

      

      

      
        	5.2.  	
                Upon
                  his Termination Date or at the Company's earlier request, he will
                  promptly
                  return to the Company any and all records, documents, physical
                  property,
                  information, computer disks or other materials relating to the
                  business of
                  the Company and its affiliates obtained by him during his course
                  of
                  employment with the Company.

              

      

      

      
        	5.3.  	
                The
                  Executive shall keep the Company informed of, and shall execute
                  such
                  assignments as may be necessary to transfer to the Company or its
                  affiliates the benefits of, any inventions, discoveries, improvements,
                  trade secrets, developments, processes, and procedures made by
                  the
                  Executive, in whole or in part, or conceived by the Executive either
                  alone
                  or with others, which result from any work which the Executive
                  may do for
                  or at the request of the Company, whether or not conceived by the
                  Executive while on holiday, on vacation, or off the premises of
                  the
                  Company, including such of the foregoing items conceived during
                  the course
                  of employment which are developed or perfected after the Executive's
                  termination of employment. The Executive shall assist the Company
                  or other
                  nominated by it, to obtain patents, trademarks and service marks
                  and the
                  Executive agrees to execute all documents and to take all other
                  actions
                  which are necessary or appropriate to secure to the Company and
                  its
                  affiliates the benefits thereof. Such patents, trademarks and service
                  marks shall become the property of the Company and its affiliates.
                  The
                  Executive shall deliver to the Company all sketches, drawings,
                  models,
                  figures, plans, outlines, descriptions or other information with
                  respect
                  thereto.

              

      

      

      
        	5.4.  	
                To
                  the extent that any court or agency seeks to have the Executive
                  disclose
                  confidential information, he shall promptly inform the Company,
                  and he
                  shall take such reasonable steps to prevent disclosure of Confidential
                  Information until the Company has been informed of such requested
                  disclosure. To the extent that the Executive obtains information
                  on behalf
                  of the Company or any of its affiliates that may be subject to
                  attorney-client privilege as to the Company's attorneys, the Executive
                  shall take reasonable steps to maintain the confidentiality of
                  such
                  information and to preserve such
                  privilege.

              

      

      

      
        	5.5.  	
                Nothing
                  in the foregoing provisions of this Section 5 shall be construed
                  so as to
                  prevent the Executive from using, in connection with his employment
                  for
                  himself or an employer other than the Company or any of its affiliates,
                  knowledge which was acquired by him during the course of his employment
                  with the Company and its affiliates, and which is generally known
                  to
                  persons of his experience in other companies in the same
                  industry.

              

      

      

      
        	6.  	
                Non-solicitation.
                  While the Executive is employed by the Company and its affiliates
                  and for
                  a period of three years after the date the Executive terminates
                  employment
                  with the Company and its affiliates for any reason, the Executive
                  covenants and agrees that he will not, whether for himself or for
                  any
                  other person, business, partnership, association, firm, company
                  or
                  corporation, directly or indirectly, call upon, solicit, divert
                  or take
                  away or attempt to solicit, divert or take away, any of the customers
                  or
                  employees of the Company or its affiliates in existence from time
                  to time
                  during his employment with the Company and its
                  affiliates.

              

      

      

      
        	7.  	
                Non-competition.
                  While the Executive is employed by the Company and its affiliates,
                  and for
                  a period of three years after the date the Executive terminates
                  employment
                  with the Company and its affiliates, the Executive covenants and
                  agrees
                  that he will not, directly or indirectly, engage in, assist, perform
                  services for, plan for, establish or open, or have any financial
                  interest
                  (other than (i) ownership of 1% or less of the outstanding stock
                  of any
                  corporation listed on the New York or American Stock Exchange or
                  included
                  in the National Association of Securities Dealers Automated Quotation
                  System or (ii)ownership of securities in any entity affiliated
                  with the
                  Company) in any person, firm, corporation, or business entity (whether
                  as
                  an employee, officer, director or consultant) that engages in an
                  activity
                  in any state in which the Company or its affiliates is conducting
                  or has
                  reasonable expectations of commencing business activities at the
                  date of
                  the Executive's termination of employment, which is the same as,
                  similar
                  to, or competitive with location based entertainment centres,
                  entertainment processing and distribution business of the Company
                  and its
                  affiliates.

              

      

      

      
        	8.  	
                Equitable
                  Remedies.
                  The Executive acknowledges that the Company would be irreparably
                  injured
                  by a violation of Sections 5, 6 and 7 and agrees that the Company,
                  in
                  addition to other remedies available to it for such breach or threatened
                  breach, shall be entitled to a preliminary injunction, temporary
                  restraining order, other equivalent relief, restraining the Executive
                  from
                  any actual or threatened breach of Sections 5, 6 and 7 without
                  any bond or
                  other security being required.

              

      

      

      

      
        	9.  	
                Defence
                  of Claims.
                  The Executive agrees that, during his employment with the Company
                  and
                  after his termination, he will cooperate with the Company and its
                  affiliates in the defence of any claims that may be made against
                  the
                  Company or its affiliates to the extent that such claims may relate
                  to
                  services performed by him for the Company. To the extent travel
                  is
                  required to comply with the requirements of this Section 8, the
                  Company,
                  shall to the extent possible, provide the Executive with notice
                  at least
                  10 days prior to the date on which such travel would be required
                  and the
                  Company agrees to reimburse the Executive for all of his reasonable
                  actual
                  expenses associated with such travel; provided, however, that if
                  the
                  Company reasonably expects the travel to be extensive or unduly
                  burdensome
                  to the Executive from a financial perspective, the Company may
                  provide to
                  the Executive pre-paid tickets for transportation in connection
                  with such
                  travel.

              

      

      

      
        	10.  	
                Notices.
                  Notices provided for in this Agreement shall be in writing and
                  shall be
                  deemed to have been duly received when delivered in person or sent
                  by
                  facsimile transmission, on the first business day after it is sent
                  by air
                  express courier service or on the second business day following
                  deposit in
                  the Canada Post registered or certified mail, return receipt requested,
                  postage prepaid and addressed, 

              

      

      

      
        	10.1.  	
                in
                  the case of the Company to the following address: Gamestate Entertainment
                  Inc. #1650-1188 West Georgia Street Vancouver, BC V6E 4A2 Attention:
                  Cameron King, CFO 

              

      

      
        	10.2.  	
                or
                  to the Executive: Roderick C. Bartlett 2818 Bellevue Avenue West
                  Vancouver, BC V7V 1E8

              

      

      

      
        	10.3.  	
                or
                  such other address as either party may have furnished to the other
                  in
                  writing in accordance herewith, except that a notice of change
                  of address
                  shall be effective only upon actual
                  receipt.

              

      

      

      
        	11.  	
                Successors.
                  This Agreement shall be binding on, and inure to the benefit of,
                  the
                  Company and its successors and assigns and any person acquiring,
                  whether
                  by merger, reorganization, consolidation, by purchase of assets
                  or
                  otherwise, all or substantially all of the assets of the
                  Company.

              

      

      

      
        	12.  	
                Non-alienation.
                  The interests of the Executive under this Agreement are not subject
                  to the
                  claims of his creditors, other than the Company, and may not otherwise
                  be
                  voluntarily or involuntarily assigned, alienated or
                  encumbered.

              

      

      

      
        	13.  	
                Waiver
                  of Breach.
                  The waiver by either the Company or the Executive of a breach of
                  any
                  provision of this Agreement shall not operate as or be deemed a
                  waiver of
                  any subsequent breach by either the Company or the Executive. Continuation
                  of payments hereunder by the Company following a breach by the
                  Executive
                  of any provision of this Agreement shall not preclude the Company
                  from
                  thereafter terminating said payments based upon the same
                  violation.

              

      

      

      
        	14.  	
                Severability.
                  It
                  is mutually agreed and understood by the parties that should any
                  of the
                  agreements and covenants contained herein be determined by any
                  court of
                  competent jurisdiction to be invalid by virtue of being vague or
                  unreasonable, including but not limited to the provisions of Sections
                  5, 6
                  and 7, then the parties hereto consent that this Agreement shall
                  be
                  amended retroactive to the date of its execution to include the
                  terms and
                  conditions said court deems to be reasonable and in conformity
                  with the
                  original intent of the parties and the parties hereto consent that
                  under
                  such circumstances, said court shall have the power and authority
                  to
                  determine what is reasonable and in conformity with the original
                  intent of
                  the parties to the extent that said covenants and/or agreements
                  are
                  enforceable.

              

      

      

      
        	15.  	
                Applicable
                  Law.
                  This Agreement shall be construed in accordance with the laws of
                  the
                  Province of British Columbia,
                  Canada.

              

      

      

      
        	16.  	
                Currency.
                  All
                  dollar amounts referred to in this Agreement are the currency of
                  the
                  United States of America and in US
                  Dollars.

              

      

      

      
        	17.  	
                Amendment.
                  This Agreement may be amended or cancelled by mutual Agreement
                  of the
                  parties in writing without the consent of any other
                  person.

              

      

      

      
        	18.  	
                Counterparts.
                  This Agreement may be executed in any number of counterparts, each
                  of
                  which when so executed and delivered shall be an original, but
                  all such
                  counterparts shall together constitute one and the same instrument.
                  Each
                  counterpart may consist of a copy hereof containing multiple signature
                  pages; each signed by one party hereto, but together signed by
                  both of the
                  parties hereto.

              

      

      

      
        	19.  	
                Arbitration
                  & Legal Fees.
                  The Executive and the Company in good faith negotiations for the
                  purpose
                  of reaching an amicable resolution shall discuss disputes arising
                  out of
                  or in connection with the interpretation and application of this
                  Agreement. Without prejudice to the Company's rights under Section
                  8 of
                  this Agreement, any such disputes which cannot be settled amicably
                  within
                  thirty (30) days after written notice by one party to the other
                  (or after
                  such longer period agreed to in writing by the parties), shall
                  thereafter
                  be settled by binding arbitration in Chicago, Illinois, to be conducted
                  pursuant to the rules and procedures then obtaining of the American
                  Arbitration Association and judgement on the award rendered in
                  such
                  arbitration may be entered in any court of competent
                  jurisdiction.

              

      

      

      
        	19.1.  	
                The
                  Executive is entitled to timely payments (not later than 30 calendar
                  days
                  after notice from the Executive) from the Company of reasonable
                  attorney
                  fees incurred by the Executive in the event of a dispute arising
                  out of or
                  in connection with the interpretation and application of this
                  Agreement.

              

      

      

      
        	20.  	
                Other
                  Agreements.
                  This Agreement constitutes the sole and complete Agreement between
                  the
                  Company and the Executive and supersedes all other agreements,
                  both oral
                  and written, between the Company and the Executive with respect
                  to the
                  matters contained herein, provided, however, that this Agreement
                  does not
                  supersede the Change in Control Agreement or Severance Plan. No
                  verbal or
                  other statements, inducements, or representations have been made
                  to or
                  relied upon by the Executive. The parties have read and understand
                  this
                  Agreement.

              

      

      

      

      IN
        WITNESS WHEREOF
        the parties have executed this Agreement as of the day and year first above
        written.

      

      

      Gamestate
        Entertainment, Inc.     BPYA
        966 Holdings Ltd.

      

      

      

      

      Per:________________________    Per:_____________________________     

      Authorized
        Signatory      Authorized
        Signatory

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