UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 22, 2005
ZONE 4 PLAY, INC.
(Exact name of registrant as specified in its charter)
NEVADA 333-91356 98-0374121
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
103 Foulk Road, Wilmington, DE 19803
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(Address of principal executive offices) (Zip Code)
(302) 691-6177
(Registrant's telephone number, including area code)
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:
[ ] 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))
Item 1.01. Entry into a Material Definitive Agreement
On February 22, 2005, Zone 4 Play, Inc. (the "Company"), Winner.Com (UK)
Limited ("Winner") and Two Way Media Limited ("TWM") entered into an Interactive
Fixed Odds Betting Services Agreement (the "Agreement").
TWM, which establishes fixed odds betting services on digital television,
the Internet, mobile telecommunications networks and other digital platforms,
engaged with the Company and Winner to provide client-side game applications,
server-side software for the management of such platforms and project management
support and technical services using Winner's trademark and brand. The Agreement
terminates and replaces a prior agreement dated October 12, 2004, among the
parties.
Each party is entitled to a certain profit share, based on the kind of
platform pursuant to which the profit was generated and the amount of profit
generated, all as set forth in Schedule 5 of the Agreement, which is included
elsewhere in this Current Report on Form 8-K and incorporated herein by
reference.
Pursuant to the Agreement, each party grants the other party exclusive
rights with regard to the platform, technology, trademark and brand in the
United Kingdom through the term of the Agreement.
Unless otherwise terminated pursuant to the terms of the Agreement, the
Agreement is in effect until February 22, 2008 and shall be automatically
extended for subsequent periods of two years, unless the parties give notice of
termination of the Agreement no later than six months before the end of the
initial three year term, or the end of each subsequent period of two years
thereafter.
For more information about the Company's relationship with Winner, please
see the Company's Registration Statement on Form SB-2 (No. 333-122727).
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit 10.1 Interactive Fixed Odds Betting Services Agreement dated
February 22, 2005, by and among Zone 4 Play, Inc.,
Winner.Com (UK) Limited and Two Way Media Limited.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ZONE 4 PLAY, INC.
(Registrant)
By: /s/ Uri Levy
Date: February 28, 2005 ------------
Name: Uri Levy
Title: Chief Financial Officer