UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 17, 2005
Zone 4 Play, Inc.
(Exact name of registrant as specified in its charter)
Nevada 333-91356 98-0374121
(State or Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification Number)
103 Foulk Road
Wilmington, DE 19803
(Address of principal executive offices) (zip code)
(302) 691-6177
(Registrant's telephone number, including area code)
Copies to:
Edwin L. Miller, Jr.
Howard Berkenblit
Zysman, Aharoni, Gayer & Co./Sullivan & Worcester LLP
One Post Office Square
Boston, MA 02109
Tel: 617-338-2800
Fax: 617-338-2880
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Explanatory Note
The purpose of this amendment is to amend Exhibit 10.1 to the Current Report on
Form 8-K (the "Original Form 8-K") filed by Zone 4 Play, Inc. (the "Company") on
January 24, 2005, to include all information that was redacted from the prior
exhibit. Exhibit 10.1 is attached hereto in unredacted form and supersedes in
its entirety the exhibit furnished pursuant to the Original Form 8-K.
Item 1.01 Entry into a Material Definitive Agreement.
On January 17, 2005, Zone4Play (UK) Limited, a wholly owned subsidiary of
Zone 4 Play, Inc., entered into an agreement to license certain customized
software applications to Eurobet UK Limited. Zone4Play (UK) Limited will provide
software for fixed odds and casino mobile telephone applications which will
include the games Bingo, Virtual Horse Racing, Dice, Keno, Hi-Lo and Slots. The
agreement will begin the date on which the first product is made available to
customers by Eurobet UK Limited and will continue for an initial term of three
years. The agreement will automatically renew for successive one-year periods
unless a notice of non-renewal is communicated by any party to the other at
least 90 calendar days prior to expiration of the initial term or a particular
renewal term.
Either party may terminate the license agreement on written notice and/or
to require payment of any amounts due under the agreement in the event that the
other party: (i) commits a material breach of the terms of the agreement and has
not remedied the breach within 30 days after receipt of written notice of such
breach; or (ii) ceases or threatens to cease to carry on its business, has a
liquidator or receiver appointed to it or over any of its assets, passes a
resolution for its winding up, becomes subject to a liquidation order or similar
order of a court of competent jurisdiction, becomes unable to pay its debts, or
there occurs any event analogous to any of the foregoing. Upon any termination
of the agreement: (i) Eurobet UK Limited must provide and transfer to Zone4Play
(UK) Limited any and all materials, files and programs which belong to Zone4Play
(UK) Limited; (ii) Eurobet UK Limited must promptly remove all applications
provided by Zone4Play (UK) Limited from its systems and may not subsequently
license, sell or otherwise dispose of the applications; and (iii) Zone4Play (UK)
Limited must provide and transfer to Eurobet UK Limited any and all materials,
files and programs which belong to Eurobet UK Limited. However, on termination
of the agreement, Zone4Play (UK) Limited must either: (i) allow Eurobet UK
Limited to use its servers to send a message to each user of the applications in
order to inform the users that they will no longer be able to place bets through
the applications; or (ii) provide a link to Eurobet UK Limited so that it may
contact the users of the applications directly without the need to use the
servers of Zone4Play (UK) Limited.
Item 9.01 Financial Statements and Exhibits.
(a) Financial statements of business acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits
Exhibit 10.1 Agreement made as of January 17, 2005 between Eurobet UK
Limited and Zone4Play (UK) Limited.
1
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Zone 4 Play, Inc.
Dated: April 28, 2005 By: /s/ Uri Levy
--------------------------------
Name: Uri Levy
Title: Chief Financial Officer
2