EXCLUSIVE RULES. March 1999

BETPOINT (CREDIT) LIMITED

Clients are respectfully requested to read these rules carefully as they will be strictly adhered to. These rules hold good until further notice which may be published, amended and /or displayed in our premises or made available on our website.

PREVIOUS RULES CANCELLED.
Commissions are executed under the following rules and will be considered a contract between a client and ourselves, subject however to any special concessions confirmed by the company in writing. Certain rules relating to forecast Doubles, Tricasts, Football, wagers and any other type of bet or style of betting as and when offered or available will be posted in this branch, should be read in conjunction with separate notices under these headings displayed either on the premises, and/or printed on the reverse of the betting slip, or made available on our website.

RESULTS AND PRICES.
Results and prices as published in the "Sporting Life" shall rule settlements. Any dispute, which cannot be resolved equitably or amicably through dialogue with the company, shall be submitted to the Sporting Life for their opinion. Should a dispute arise which cannot be settled in the above manner, the provisions of the Arbitration Act, 1950 shall apply. Responsibility cannot be accepted for any inaccuracies in information exhibited or broadcast in the betting office or on our website for the benefit of the public. All prices (odds) advertised in our branches, or on our website, whether by means of viewdata display, the Betty system, Dial-up Betty software, Internet website, or otherwise, are an invitation to treat, and shall be regarded as a guide only, and taken to indicate the price generally available to a notional £20 stake. The acceptance of a bet by Dial-up Betty software, over the Internet, on the Betty System, by calling over, or on a traditional betting slip, at a particular price is subject to the management's discretion, and in the event of an obvious or palpable error howsoever occasioned or displayed, the bet will be settled at the correct(ed) price or starting price whichever is greater. (See Rule: BOARD PRICES & EARLY PRICES).

CASH BETTING.
Personal cheques are accepted at the management's discretion, up to £50 only with bankers cheque guarantee card. Card number to be written on the reverse of cheque by cashier only, and the cheque signed in cashier's presence. We reserve the right to refuse the whole or any part of any commission. Any bet, or part of a bet, precluded by these rules, that is nevertheless inadvertently accepted by any servant or agent of the company will be void, win or lose. Any bet accepted without simultaneous full cash payment will be void. Any bet not accounted for and/or timed by the Betty terminal and/or not recorded on the shop's Betty System equipment before the time of the event, will be void. A drawn line ends a bet. In the event of a client having a Double, Treble or Accumulator bet to win, and any of the horses does not run, a Double will revert to a Single, a Treble into a Double, etc. Selections backed each-way Any-to-come all on each-way, will be treated as Win and Place Doubles, Trebles, etc., unless clear instructions are given in writing to indicate each-way, all each way is required. Misspelt and badly written commissions may be made void. Commissions must be written on one side of the paper only. In Multiple Selections, should a client make an error in calculating the number of bets, his stake will be reduced in proportion to agree with the total stakes, e.g. if a client stakes for six 20 pence Cross Doubles on five horses instead of the correct number which is ten, the bet will be settled as ten 12 pence Cross Doubles to agree with the total stakes of £1.20 pence. Should a client overstake his commission, that part which is in excess of the amount required will be returned. Clients are advised that it is an offence under Section 3 (i) of the Theft Act 1968 to knowingly collect, accept and take away more monies other than that to which they are entitled. It is the client's responsibility to check and ensure that the details of their bet are correctly accepted, howsoever the bet is placed, at the time of placing the bet, since mistakes cannot be rectified subsequently.

STAKES.
All wagers are subject to a "Tax-Paid" surcharge or deduction to cover Betting Tax, Levy, Football League, and Tote Fees, etc. Details of surcharges (deductions) are displayed in all our premises and circulated to credit clients and authorised agents. Minimum & maximum stake units, as required by the company, will be detailed on a notice posted in this branch, and may be subject to alteration without notice.

IMMEDIATE PAYOUT.
Amounts up to £250 will be paid immediately the bet has been settled, subject to the manager's discretion. Payment stands where the official results differ from the original placings. Clients must produce their official receipt for all claims. Mutilated or defaced receipts are not accepted. Claims on lost tickets will be dealt with on the following day, when the client shall make out an exact copy in the presence of our staff. Claims on lost tickets for winnings over £20 will be dealt with by post after a delay of 30 days. The management reserves the right to pay by cheque, all or part of any winnings exceeding £250. Commissions requesting "tax-paid" may be declined at the management's discretion, or may be accepted only on the basis of a "deduction from returns".

BOARD PRICES.
Bets are accepted at prices currently quoted as on offer at the race course on any race with 3 or more runners. "Bar" prices will not be laid. "First Show" is not accepted. Should there be an error which is subsequently corrected, the betting information provided will stand at the corrected price ruling at that time or starting price, which ever be the greater odds. The odds must be printed on the slip by the Betty System. Any bet presented for acceptance at the time of a show of betting will be governed by the price reigning at the conclusion of the "show". The odds must be entered on the slip only by the Betty System.

EARLY PRICES.
Fixed prices are offered daily on a number of selected races prior to board prices becoming available. On some of these specified 'Early Price races' a price guarantee will be advertised, in which case where the returned SP is greater than the Early Price taken, a bet will be settled to the SP.

DAY OF THE RACE BETTING.
Horserace wagers accepted at fixed prices after 10.00 a.m. on the day preceding the event agreed by the client and company, including bets at "early prices" layed before a show of betting, on the day of a race are not classified as ante-post, and are subject to Tattersalls Rule 4(c).

GENERAL RULES and limits.
Wagers on horseracing in the U.K. for which a full S.I.S. service is given between 10 a.m. and 6.30 p.m. will be subject to a maximum payment of Twenty Five Thousand Pounds, which is the maximum that will be paid to any one client on any one day irrespective of the number of wagers the client may have made, or the number of commissions of single bets, doubles, trebles or accumulators contained in the wager(s). Maximum payments will include the original stake. All wagers will be subject to the application of a maximum settlement, including any bonuses, of Twenty Five Thousand to One to the individual unit stake relating to each combination contained therein, provided also that the eventual total settlement shall not exceed the overall maximum payment as stated above (Exceptions as stated below are subject to the above overall maximum payout). Should a client or agent hold more than one betting account with us the separate accounts will be treated as one. Any two or more bets in the same handwriting, handed in by the same or other persons or suspected of being placed on behalf of a single client or group of clients acting in concert, will be deemed to be that client's own bets unless it is made clear to counter staff prior to acceptance, that one or more of those bets have been made on behalf of another person and the bet or bets marked accordingly.

EXCEPTIONS.
The maximum payment that will be made to any one client on any day in respect of Horserace Ante-post wagers is Ten Thousand Pounds. The maximum payment that will be made to any one client on any day in respect of Football wagers is Three Thousand Pounds. Wagers on the following are subject to a maximum settlement of 5,000 to one to the individual stake relating to each combination contained therein, not withstanding a maximum payment of £2,500 to any one customer on any one day. a) Tote Bets (excluding Placepots and Jackpots); b) All Tricasts; c) Horserace Forecast Doubles and Forecast Trebles; and d) All Greyhound Wagers where BAGS is in operation. Wagers on Tote Placepots and Jackpots are subject to a maximum settlement of 2,500 to 1 to the individual stake relating to each combination contained therein, notwithstanding a maximum payment of £2,500 to any one customer in any one day. Wagers on or including races not covered in full by the S.I.S. service or which take place after 6.30 p.m. are subject to a maximum payout of £5,000. Where not otherwise specified, all events other than British horseracing, are subject to a maximum payout of £10,000. Wagers to a unit stake more than £10 are not accepted for Greyhounds where the event is not covered by BAGS, and are subject to a maximum payout of £500. Bets other than Ante-post bets will be void if the race is abandoned, declared void, or postponed to another day, or if they are on a horse which does not come under Starter's Orders. Specific rules governing the settlement of speciality bets are detailed either on a notice posted in the branch, or featured on the reverse of the slip. If following investigation into the running of a race or the betting on a particular runner, there is evidence that the outcome of the race or the starting price of the winner would have been materially different had it not been for artificial rigging, interference, non-disclosure of normally required information or deception, the bet will be void. The management reserves the right to suspend payment on any such bet pending investigation.

FOOTBALL.
All wagers on Football matches, including those at Ante-post odds, or those including Football matches amongst other sporting events, will be subject to the rules and limits specified herein, as printed on the coupon issued by us, or as posted in the branch.

BOXING.
Should either boxer fail to answer the bell, his opponent will be deemed to have won the fight in the previous round.

CREDIT BETTING.
Under no circumstances is credit allowed to clients using cash-betting offices in the offices themselves without a prior arrangement having been confirmed by head office. Clients may bet by telephone to the head office using the Freephone service provided that by prior arrangement a cash deposit has been made at a shop, and bets may then only be placed up to the value of that deposit. Clients may bet using Switch or Delta cards subject to a minimum total stake of £10. Bets placed by Switch or Delta will be authorised at the time of placing the bet. Winnings will be refunded at the time of settlement of the bet. All debits and credits will be made at the end of the days business. Where authorisation for a Switch or Delta bet is not forthcoming, any bet accepted in error will be void.

CREDIT ACCOUNTS.
Accounts are opened for the personal use of our clients, or agents only, and cannot be used by anyone but the client or agent concerned without prior agreement. Weekly accounts are made up from Monday to Sunday inclusive, and statements will include all business transacted during that period. Winnings are posted on Mondays with statement of accounts. Settlement of a losing account must be received by us not later than the following Friday morning. Instructions by telephone will only be accepted after arrangements have been made, and confirmed by us in writing. Commissions are accepted by telephone subject to a client's account being in order. Your name, and registered account number must be given before your instructions. It must be clearly understood that we are obliged to abide solely by the message taken down by our operator. It is, therefore imperative that you wait until your instructions and total amount invested have been repeated to you and agreed. In any case of dispute, it will be assumed that you have done this. We cannot undertake to notify clients when they are likely to reach their limit, as they should know the extent of their credit. Clients can always re-establish their credit by forwarding a remittance. Clients should not exceed their limit of credit, but commissions made by telephone once accepted will stand. If, however, a client is informed either verbally or by letter, that (a) the client's limit has been reached and further remittance or settlement is required, or (b) the client's account has been closed, any bets subsequently accepted shall be void win or lose. Requests for increases in credit must be made in writing. No query can be entered into after twenty-eight days from the date of despatch of the account. Investments on future events will be charged for at the time the bet is made, and reduce the client's credit available. Should a client have an account outstanding we reserve the right to cancel any undecided ante-post wagers. Postal commissions are not accepted. All bets must be made by telephone or computer on-line system only. General rules apply.

AUTHORISED AGENTS.
Each of our agents is in possession of an authorisation card in accordance with the Betting and Gaming Act, 1960 section 3 (i) which is subject to the following conditions, namely, that "The receipt of a bet by the agent shall not be deemed to be unqualified or unconditional acceptance of the bet by us, and such bet is subject to our rules for the time being in force". Authorised agents shall be regarded as the agent of the client in all matters relating to us. No liability whatsoever will be acknowledged by us for any failure by an agent to carry out his client's instructions. Commissions which are personally accepted by Authorised Agents and which are received in our office after the commencement of racing, will be subject to a maximum payout of Five Hundred Pounds irrespective of the number of commissions the client may have had. Commissions which are telephoned to our Head Office or received in our offices before the commencement of racing will be subject to our normal rules. Jackpot wagers are accepted through our agents by telephone instruction ONLY, and before the "off" of the first race involved. No liability will be accepted by us for ANY bet that has not been clocked before the event has taken place.

Where reference is made in these rules to the Betty System, this means the customer bet acceptance terminals, the manager systems and the settling systems used to process all bets in the shops and head office. Where reference is made in these rules requiring the customer to check or specify their wishes, the use of the Betty System does not release the customer from those requirements, and no assumption should be made that the Betty System will automatically do that for the customer.

The Company reserves the right without notice to make any amendment to these rules which will be displayed in our branches, notified to all credit clients, and made available upon request to our debit card customers, and posted on our website.

BETPOINT (CREDIT) LIMITED
5 Broadlaw Walk,
Havant,
Hampshire. PO14 1LE
England
Copyright BETPOINT (CREDIT) LIMITED 1999 01/03/99