ET&T LICENSING AGREEMENT
This Agreement states that Electronic Transactions &
Technologies ("ET&T") does hereby license the following ET&T
products to Betting, Inc., a Missouri corporation, for the
exclusive global usage of wagering by PERFECT originated ATM
cards, credit cards, and smart cards:
The PayMaster, defined as a stand alone terminal that
attaches to phone lines and which calls the ET&T host processing
center with bank data.
The SLICK, defined as a stand alone keyboard terminal that
attaches to phone lines and call the ET&T host processing center
with bank data that has bypassed the Internet.
The PocketPay, defined as a pocket sized terminal and
telephone that sends bank data by wireless transmission to the
ET&T host processing center.
The TV Pin Pad Remote, defined as a set top box and TV
remote that sends bank data by landline dial up transmission to
the ET&T host processing center.
Each ET&T product is exclusively licensed to Betting, Inc.
on a global basis for the application of PERFECT wagering at a
licensing fee of $2,000,000 each.
The duration of the exclusive license is 20 years.
Electronic Transactions & Technologies
Dated: March 27, 1998 By:_/s/ Xxxxxx X. Hughes__
Xxxxxx S, Xxxxxx, Chairman & CEO
Betting, Inc.
Dated: March 27, 1998 By:_/s/_Thomas S. Hughes__
Xxxxxx X. Xxxxxx, Chairman & CEO
