THIS AGREEMENT (the "Agreement") is
entered into by and between Lucky Casino World., a company with offices located at the Curacao
and the Reseller.
RECITALS
- A.
- Lucky Casino World is in the business of producing, marketing and promoting on-line casino,
sports book and lotteries entertainment Services which are accessed through the use of a
personal computer, modem and/or direct Internet access.
- B.
- Reseller undertakes to have Lucky Casino World produce a gaming web site service for the
Reseller web site (the "Service"), and Reseller desires to market and promote
the Service. This Service will be advertised, marketed and promoted under the name
" Lucky Casino World".
- C.
- Reseller desires to obtain from Lucky Casino World, and Lucky Casino World agrees to grant
Reseller the non-exclusive right and license to advertise, market and promote the Service,
in accordance with the following terms and conditions.
TERMS AND CONDITIONS
- 1.
- Grant of Promotion and Distribution License.
- 1.1
- Lucky Casino World grants to Reseller the non-exclusive, non-transferable right and license
to advertise, market and promote the Service, in accordance with the terms and conditions
hereof.
- 1.2
- Lucky Casino World grants to Reseller the non-exclusive, non-transferable right and license
to distribute to Reseller customers, in accordance with the terms and conditions herein,
the specialized casino and gaming "Software" (the "Software") which
enables access to the Service. Reseller shall not under any circumstances reverse
engineer, disassemble, decompile, or otherwise attempt to render source code from the
"Software", or to reproduce or distribute the "Software" in source
code format. Reseller acknowledges and agrees that the "Software" is the
proprietary property of Lucky Casino World, and that it embodies substantial creative rights,
confidential and proprietary information, copyrights, trademarks and trade secrets, all of
which shall remain the exclusive property of Lucky Casino World and/or its licensors. Reseller
agrees to include such proprietary rights notices, markings or legends on any
advertisements or promotional materials for the "Software" as Lucky Casino World
shall reasonably specify from time to time. The notice shall be as small as possible while
still remaining legible to the average viewer.
- 1.3
- All other rights and licenses not expressly granted to Reseller herein are reserved by
Lucky Casino World.
- 2.
- Obligations of Lucky Casino World.
- 2.1
- Lucky Casino World will provide access to; (a) casino style games (b) sports book, (c)
lottery ticket distribution, (c) Merchant accounts, (d) credit cardauthorization, (e)
fraud control, for billing; (f) financial management of receivables including call reports
and accounting services, all in accordance with standard practices and procedures. The
choice of content for the Service, and the choice of persons retained to deliver the
Service's, shall be determined by Lucky Casino World in its sole discretion.
- 2.2
- Lucky Casino World shall retain the right to provide the Service in what ever form Lucky Casino World
Casino deems appropriate.
- 2.3
- Lucky Casino World shall retain the right to change any part of the Service at anytime,
without notice to Reseller, in whatever manner Lucky Casino World deems appropriate.
- 2.4
- Lucky Casino World shall retain the right to cancel any part of the Service at any time,
without notice to Reseller, in whatever manner Lucky Casino World deems appropriate.
- 2.5
- Notwithstanding anything in this Agreement, Lucky Casino World shall not be held responsible
or liable for any loss of income or loss of ability to produce income, on the part of the
Reseller, arising from any inability of Lucky Casino World to deliver the Services
contemplated in this Agreement for any reason whatsoever, whether Lucky Casino World is at
fault or whether a third party is at fault.
- 3.
- Obligations of Reseller.
- 3.1
- Reseller shall use best commercially reasonable efforts to actively and effectively
advertise, market and promote the Service as widely and aggressively as possible so as to
maximize the financial benefit to Reseller and to Lucky Casino World. Reseller shall only
engage in advertising, marketing and promotional efforts which do not violate any law and
which reflect positively upon the business reputation of Lucky Casino World. In particular,
Reseller agrees to market the product in a manner that is consistent with the content and
style of the Service. In connection therewith, Lucky Casino World shall have the right to
review and approve (approval shall not be unreasonably withheld) the manner and methods of
advertising, marketing and promotion used by Reseller in connection with the Service.
Approval may be withheld if Lucky Casino World determines, in its sole discretion, that any
such activities would tend to reduce the value of, or would impair the casino house's
goodwill and business reputation, or would expose Lucky Casino World to legal liability.
- 3.2
- Notwithstanding any approval by Lucky Casino World given in accordance with section 3.1 of
this Agreement, Lucky Casino World shall under no circumstances be held liable for, and
Reseller shall indemnify, defend and hold Lucky Casino World harmless against, any and all
claims asserted against Lucky Casino World by reason of Reseller's marketing and promotional
efforts undertaken hereunder.
- 3.3
- Reseller shall bear all costs and expenses incurred in connection with the advertising,
marketing and promotion of the Service, including but not limited to all costs relating to
the marketing.
- 4.
- Compensation.
- 4.1
- As used herein, "Reseller Percentage" shall mean the percentage paid to
Reseller of the actual net revenue received from a user (the "Customer") for
approved use of the Service. The actual Reseller Percentage shall be equal to 25% of the
Net Monthly Revenue. "Net Monthly Revenue" shall mean the total amount wagered
in the casino and the sportsbook, less the total amount paid out as winnings in the casino
and the sportsbook, PLUS, total sales of lottery tickets, less the invoiced cost for
purchasing lottery tickets for the lottery ticket sales and less the amount for all
merchant banking fees.
- 4.2
- Lucky Casino World shall pay Reseller monthly, in accordance with this contract for the
preceding calendar month. Payment for the preceding month shall be madeprior to the 20th
day of each month.
- 5.
- Term and Termination.
- 5.1
- This Agreement shall commence and be deemed effective on the date when accepted by an
authorized representative of the Reseller (the "Effective Date"). This Agreement
shall be deemed to be accepted by the Reseller when the Reseller chooses "YES"
to the " Lucky Casino World WAGERING AND GAMING PARTNERS AGREEMENT" and hits the
submit button on the Reseller Sign-Up page. This Agreement is in effect for a period of
one (1) year (the "Term") with additional one (1) year extensions at Reseller's
option. If Reseller elects to exercise this option, the option as exercised must be
addressed to Lucky Casino World in writing, no later than forty five (45) days prior to the
expiration of the Term. In addition, Lucky Casino World, after six months from the Effective
Date, shall have the right to terminate this contract if Reseller fails to generate a
minimum of three hundred (300) "Independent customers" in any given month for
the first five months and five hundred (500) in any given month thereafter. Said,
notification will be sent in writing, at least thirty (30) days prior to the expiration of
the term. Notwithstanding anything in this Agreement neither party shall have the right to
terminate this Agreement within the first six months of the Agreement.
- 5.2
- Upon termination of this Agreement, Reseller shall immediately return to Lucky Casino World
any and all Lucky Casino World materials which Lucky Casino World has a proprietary right in that
are in Reseller's possession and/or in the possession of Reseller's agents, servants and
employees.
- 5.3
- Customers using the casino house's facilities and all information relating to these
customers shall remain the property of Lucky Casino World at all times during the operation of
this contract and after termination.
- 6.
- Accounting Statements.
- 6.1
- All payments due to Reseller by Lucky Casino World shall be made on or before the twentieth
(20) day of each month for the immediately preceding calendar month and shall be
accompanied by a written statement which specifies the grossrevenues received by Lucky Casino World
Casino with respect to the Reseller customers, the number of Reseller Customers wagering
and the calculation of the monies being paid to Reseller. Additionally, statements may be
adjusted by Lucky Casino World from time-to-time to reflect overpayments, consumer chargebacks
and/or, credits or underpayments by Lucky Casino World.
- 6.2
- Lucky Casino World shall hold back 10% of each months payment due to Reseller (the
"Hold Back Amount"). The Hold Back Amount shall be retained by Lucky Casino World for a
period of 90 days. If the chargebacks pertaining to the sales made by Reseller for any
given month are less than 10% of the Reseller Percentage, then Lucky Casino World shall pay
the difference to Reseller with the next monthly installment after the 90 day hold back
period. If the chargebacks pertaining to the sales made by Reseller for any given month
are greater than 10% of the gross sales on which commissions are paid to Reseller, then
Lucky Casino World shall adjust the payment due to Reseller in accordance with section 6.1 of
this Agreement.
- 7.
- Audit Rights.
Reseller may designate a Chartered Accountant to examine the books and records of
Lucky Casino World with respect to this Agreement. Said examination shall be at Reseller's
sole cost and expense and may be conducted no more than once annually during normal
business hours and no sooner than five (5) business days after Reseller gives written
notice of such audit to Lucky Casino World. Accounting statements rendered by Lucky Casino World
shall be deemed conclusive if not challenged by Reseller within thirteen (13) months after
being rendered.
- 8.
- Exclusivity, Non-Competition and Ownership of Service Name.
- 8.1
- Reseller agrees, understands and acknowledges that Lucky Casino World may enter into
Agreements of this type with third parties to promote the Service or a similar version
thereof.
- 8.2
- Reseller has not paid consideration for the use of the casino house's or Lucky Casino World
licensors' trademarks, logos, copyrights, tradenames, the Servicename referred to in
Recital B, or designations, and nothing contained in this agreement shall give Reseller
any right, title or interest in or to any of them. Reseller acknowledges that Lucky Casino World
Casino and Lucky Casino World licensors own and retain all copyrights and other proprietary
rights in all of the foregoing, as well as any Software supplied by Lucky Casino World.
Reseller shall not at any time during or after this agreement, assert or claim any
interest in or to, or do anything which may adversely affect the validity or
enforceability of, any trademark, tradename, copyright, servicemark or logo belonging or
licensed to Lucky Casino World (including any act or assistance to any act which may infringe
or lead to the infringement of any copyright in the "Software"). Without
limiting the generality of the foregoing, Reseller shall not attempt to register, or
assist any third party in attempting to register any trademark, tradename or other
proprietary right with any governmental agency, federal, provincial, local or otherwise,
or with any other entity or authority, without the express, unequivocal and unambiguous
prior written consent of Lucky Casino World. Reseller shall not attach any additional
trademarks, logos or trade designations to the "Software" and shall ensure that
none of the trademarks (or any variation thereof) appears in any portion of Reseller's
name or any name under which Reseller does business. Reseller shall not affix a trademark,
logo or tradename of Lucky Casino World or Lucky Casino World Licensors to any non- Lucky Casino World
product. Reseller shall not alter, erase, deface or overprint any proprietary rights
notice on anything provided by Lucky Casino World.
- 9.
- Confidentiality and Non-Disclosure.
- 9.1
- Reseller and Lucky Casino World each agrees that during the course of this Agreement, each
may have access to and become acquainted with ConfidentialInformation of the other.
Reseller and Lucky Casino World each specifically agrees that it shall not misuse,
misappropriate or disclose any such Confidential Information, directly or indirectly, to
any third party or use any such Confidential Information in any way, either during the
Term of this Agreement or at any time thereafter. Reseller and Lucky Casino World each
acknowledges and agrees that the sale or unauthorized use or disclosure of any such
Confidential Information obtained by the other during the Term of this Agreement shall
constitute unfair competition and shall cause the party owning the Confidential
Information to suffer great and irreparable harm. Reseller and Lucky Casino World each further
acknowledge and agree that, except as otherwise provided in this Agreement, all such
Confidential Information is and will remain the sole and exclusive property of the
disclosing party. The terms of this Section shall survive the expiration or termination of
this Agreement.
- 9.2
- For purposes of this section 9, "Confidential Information" means (a)
discoveries, concepts and ideas, whether patentable or not; (b) business or technical
information, including but not limited to product or Service plans, designs, costs, prices
and names, finances, marketing plans, business opportunities, personnel, research,
development, and know-how; (c) any information designated as "confidential",
"proprietary", or "secret" or which, under the circumstances taken as
a whole, would reasonably be deemed to be confidential, proprietary or secret.
- 9.3
- The obligations of section 9.1 shall not apply to the extent that any Confidential
Information (a) becomes generally available to the public through no fault of the party to
whom it was disclosed; (b) is or has been disclosed to such party directly or indirectly
by a person under no obligation of non-disclosure to the disclosing party; or (c) is
required to be disclosed under any laws, rules, regulations or governmental orders
provided, however, that the party to whom it was disclosed shall have the burden of
proving any of the foregoing exceptions by conclusive relevant evidence.
- 9.4
- Notwithstanding anything to the contrary contained herein, the parties agree that the
financial terms and conditions of this Agreement are to remain strictly confidential, and
that neither party will disclose such financial terms and conditions to any third party
without the prior written consent of the other party. This section shall not apply to
disclosures which are required by law (such as Lucky Casino World reporting requirements), by
order of a court with competent jurisdiction, or to each party's respective attorneys,
accountants, and business advisors under a similar duty of confidentiality.
- 10.
- Representations, Warranties and Indemnity.
- 10.1
- Reseller warrants, represents and covenants to Lucky Casino World that: (a) Reseller has the
full legal right, power and authority to enter into and perform this Agreement, and to
grant to Lucky Casino World the rights set forth in this Agreement; and (b) Reseller will
obtain all necessary rights, licenses, permissions, business permits, and will comply with
all applicable laws, rulesand regulations in this connection in offering the Service to
end-users.
- 10.2
- Reseller agrees to indemnify and hold Lucky Casino World harmless, and further agrees to
defend Lucky Casino World through the service of an attorney chosen and approved by Lucky Casino World
Casino, from and against any and all claims, liabilities, causes of action, damages,
judgments, costs and expenses (including reasonable attorney's fees) arising out of or in
any way connected with any breach or alleged breach by Reseller of any representation,
warranty or agreement contained in this section 10, or elsewhere in this Agreement.
- 10.3
- In no event shall Lucky Casino World be liable to the Reseller, Reseller's customers or any
other third party claim for any indirect, special, or consequential damages, including
lost profits, whether based upon a claim or action of contract, warranty, negligence, or
other tort or breach of any statutory duty, indemnity or contribution, or otherwise
arising out of this agreement, or the use and promotion of the Service, and/or any other
act or omission relating to the Service in any connection to the sale or promotion of the
Service, even if, in any such case, Lucky Casino World has been advised of the possibility of
such damages.
- 11.
- No Representation or Guarantee Regarding Profits or Income
Reseller agrees, understands and acknowledges that the Lucky Casino World, it's parent
company, it's sub entities, it's agents, it's officers, it's directors, it's shareholders,
and/or accountants have made no representation of any nature whatsoever to Reseller and/or
"Reseller's agents, servants and/or employees regarding profits, income, or money
which Reseller may obtain or generate from the Service and/or from entering into this
"Agreement" and/or from marketing and/or promoting any version of this Service,
and/or form any other matter relating to this "Agreement" and/or to the subject
matter of this "Agreement". Any expression by Lucky Casino World in this regard is
an expression of opinion only and Reseller agrees understands and acknowledges that they
have not been induced to, and/or persuaded thereby to, enter into this
"Agreement" and that Reseller has entered in to the Agreement of their own free
will and choice, without any force or duress, and only after thorough, complete, full, and
thoughtful investigation and after obtaining independent advice and counsel from their
accountant, their attorney, and their financial advisors.
- 12.
- Assignment.
This Agreement and rights and duties hereunder may not be assigned or transferred,
either in whole or in any part by Reseller without the express prior written consent of
Lucky Casino World, which consent shall not be unreasonably withheld.
- 13.
- Binding Effect.
This Agreement and the provisions hereof shall be binding upon and inure to the benefit
of the subsidiaries, affiliates, officers, directors, employees, agents, families, heirs,
beneficiaries, executors, administrators, personal representatives, successors-in-interest
and assigns of the respective parties hereto, and any entity which acquires either of the
respective parties hereto.
- 14.
- Severability.
If it is determined by a court of competent jurisdiction that any provision contained
in this Agreement is illegal or unenforceable, such determination shall solely affect such
illegal or unenforceable provision and shall not affect the validity or enforceability of
the remaining provisions of this Agreement.
- 15.
- Further Acts.
Each party agrees to perform such further acts and to execute and deliver to the other
party any and all further documents which are required to carry out the purpose and intent
of this Agreement or any of the provisions contained herein.
- 16.
- Notices.
Except as otherwise provided herein, all notices, payments, or any other communications
provided for herein shall be in writing or emailed and shall be given by email or personal
delivery, or by mail, certified or registered, postage prepaid, return receipt requested,
sent to the other party to this Agreement to whom it is given at the address set forth
below, or such other address as either party to this Agreement may direct by notice given
in accordance with the provisions of this Section. All notices shall be deemed effective
upon three (3) days following delivery through electronic mail (email): Lucky Casino World
Email: webmaster@lucky-casinoworld.com
- 17.
- Dispute Resolution.
- 17.1.
- Agreement to Submit to Binding Arbitration. Except as otherwise provided below, the
parties agree to submit disputes between them relating to this Agreement and its
formation, breach, performance, interpretation and application to binding arbitration as
follows.
- 17.2.
- Notice. Each party will provide written notice to the other party of any dispute within
six (6) months of the date when the dispute first arises or occurs. If a party fails to
provide such notice, recovery on the dispute will be barred.
- 17.3.
- Arbitration Rules. Arbitration will be conducted in the Curacao, pursuant to the
Arbitration legislation then in effect in the Curacao. Except as otherwise agreed, the
arbitration shall be conducted by a single arbitrator. The arbitration award will be final
and binding and may be enforced in any court of competent jurisdiction.
- 17.4.
- Costs and Attorneys' Fees. Unless the arbitrator finds that exceptional circumstances
require otherwise, the arbitrator will grant the prevailing party in arbitration its costs
of arbitration and reasonable attorneys' fees as part of the arbitration award.
- 17.5.
- Exceptions. Neither party will be required to arbitrate any dispute relating to actual
or threatened: (a) unauthorized disclosure of Confidential Information; or (b) violation
of the casino house's proprietary rights. Either party will be entitled to receive in any
court of competent jurisdiction injunctive or other equitable relief, in addition to
damages, including court costs and fees of attorneys and other professionals, to remedy
any actual or threatened violation of its rights with respect to which arbitration is not
required hereunder.
- 18.
- Relationship of the Parties.
This Agreement does not create a partnership or joint venture between the parties
hereto and neither party shall have the power or authority to obligate or bind the other
in any manner whatsoever.
- 19.
- Entire Agreement.
This Agreement supersedes all prior negotiations, understandings and agreements between
the parties hereto concerning the subject matter hereof. This Agreement may not be changed
nor modified, nor may any provision hereof be waived, except in a writing signed by the
parties hereto.
- 20.
- Governing Law.
This Agreement shall be governed by and construed in accordance with the laws of
the Curacao.
- 21.
- Survival of Rights.
Notwithstanding anything to the contrary contained in this Agreement, any obligations
which remain executory after expiration of this Agreement shall remain in full force and
effect until discharged by performance and such rights as pertain thereto shall remain in
full force and effect until their expiration.
- 22.
- Headings.
The headings used in connection with the paragraphs and subparagraphs of this Agreement
are inserted only for purposes of reference. Such headings shall be not deemed to govern,
limit, modify or in any other manner affect the scope, meaning or intent of the provisions
of this Agreement, nor shall such headings otherwise be given any legal effect.
I AGREE
I DISAGREE
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