Exhibit 10.2
NET LOTTERY SERVICES LTD.
This letter agreement confirms a business relationship between Rehab (REHAB),
located at Xxxxxxxxxx Xxxxx, Xxxxxx Xxxxxx, Xxxxxx X0 XXX, Xxxxxxx and Net
Lottery Services Ltd. (NLS) Xxxxxxxx Xxxxx, Xxxxxx, Xxxxxxx.
Whereas; REHAB is a registered charity and has the right to participate in
lottery schemes, subject to the rules and regulations of the Lotteries &
Amusements Xxx 0000 (as amended).
Whereas; Net Lottery Services Ltd. is a Lottery Operator and is prepared to
design, launch and operate a number of lottery programs utilizing both wireless
and standard telephone technology. Whereas; both parties agree to work together
to jointly pursue a mutually beneficial lottery program throughout the United
Kingdom but excluding Northern Ireland.
The terms of the agreement are as follows:
NLS will be the operator of lottery programs for the benefit of REHAB and
other UK charities.
NLS will design the games, set the rules of the games, market and manage
the entire lottery program.
NLS will provide all funding required to operate the lottery programs and
will comply with all of the required governmental reporting and accounting.
NLS will provide all the lottery expertise and technology support to market
and operate the games.
NLS will launch and operate a lottery program on or before July 1, 2002.
REHAB agrees to be one of the beneficiaries of the Lottery programs
proposed by NLS
REHAB will offer assistance in securing a number of additional UK charities
who will participate and benefit from these lottery programs.
REHAB will provide limited office and administrative support, at no cost,
during the initial start up phase of the programs. The period not to exceed
6 months.
REHAB will use its reasonable efforts to support the NLS programs with its
promotional expertise, relationships and contacts.
At this time it is understood that UK charity lottery regulations dictate
that REHAB would be entitled to a minimum of 20% of the sales price of each
lottery ticket sold. NLS as operator would be entitled to an operator's fee
of 25-30% subject to the actual amount of prizes paid. Prizes will range
between 50 - 55% of the sales price.
All payments to REHAB shall be made within 30 of the close of monthly sales
and cash receipts.
The term of this agreement is for 5 years, however it may be terminated if
NLS is not operating a lottery program for a period of six months or more.
The Parties agree to use reasonable efforts to execute whatever additional
documentation necessary to clarify or implement the terms of this
Agreement.
Signify your agreement that this letter accurately sets forth our agreement
regarding the subject matter hereof where indicated below.
Sincerely,
c/s c/s
Name Name
Title Title
Net Lottery Services Ltd. Rehab Charities UK
Accepted and Agreed as of the ____ day of December 2001.
l/s
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Witness Xxxx X. Xxxxxx
l/s
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Witness R. Prole
