Deed of Release of Charge over Intellectual Property between eBet Limited and Octavian International Limited

Contract Categories: Business Finance › Release Agreements
Summary

This agreement, dated October 10, 2008, is between eBet Limited (the Chargee) and Octavian International Limited (the Chargor). eBet Limited releases Octavian International Limited from all charges, mortgages, and security interests over certain intellectual property, as previously established in a security document dated August 15, 2007. eBet also releases Octavian from all related obligations. The agreement is governed by English law, and eBet agrees to execute any further documents needed to effect this release, with costs reimbursed by Octavian.

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EX-10.9 33 v130373_ex10-9.htm DEED OF RELEASE BETWEEN EBET AND OCTAVIAN INTERNATIONAL
 
 
eBet Limited
Chargee

and

Octavian International Limited
Chargor

Deed of Release
in respect of
a Charge over Intellectual Property


DEED OF RELEASE

DATED  10th October, 2008

BY
eBet Limited, an company incorporated in the Commonwealth of Australia whose company number is ACN 056 210 778, with an office at Unit 13, 112-118 Talavera Road, North Ryde, NSW 2113, Australia (the Chargee)

TO
Octavian International Limited, a company incorporated in England and Wales whose company number is 04185988 and whose registered office is at 51 Eastcheap, London EC3M 1JP (the Chargor)

OPERATIVE PROVISIONS
 
1.
Interpretation
 
In this deed:-

Charged Property means the property and assets charged by the Chargor to the Chargee by the Security Document;

Security Document means the security document described in the Schedule.
 
2.
Release
 
By this deed, the Chargee (1) unconditionally and irrevocably releases the Charged Property from the charges, mortgages and other security interests created by the Security Document and (2) unconditionally and irrevocably releases and discharges the Chargor from its obligations to the Chargee under the Security Document.
 
3.
Undertaking
 
The Chargee undertakes to execute any further documents or do anything reasonably required by the Chargor in order to comply with Clause 2 of this Deed, provided that all costs reasonably incurred in such compliance shall by reimbursed by the Chargor.
 
4.
Law
 
This deed shall be governed by and construed in accordance with English law.


In witness of which this document has been executed by the Chargee as a Deed and delivered on the date set out at the beginning of this Deed.
 
Executed as a Deed by
eBet Limited
acting by
 
 
and
duly authorised
)
)
)
)
 
 
 
       
       
sign here: /s/ Anthony Toohey
     
Title:
 
print name: Anthony Toohey
     
 
 
sign here: /s/ I R James
     
Title:
 
print name: Ian R. James
 

SCHEDULE

Security Documents

Name
Date
Parties
     
Deed of Charge
15 August 2007
Octavian International Limited
   
eBet Limited

Ref: VCA/NCP/0803907/881758
 
Beaufort House, Chertsey Street, Guildford, Surrey GU1 4HA; Tel: 01483 555 555; Fax: 01483 567 330; DX: 2406 Guildford.