BID SUBMISSION FORM FOR DOMAIN PENNYPOKER.COM

All companies or individuals submitting bids do hereby agree to the following Terms and Conditions, as indicated by their signature below. Bid offers not using this Bid Submission Form will not be considered.

Seller. IT GlobalSecure, Inc., A C Corporation in the State of Maryland (i.e. "Seller") , is offering this domain for sale. Written bids are being accepted through September 12, 2008, 8:00PM EST (i.e., the "expire date"). IT GlobalSecure was incorporated in D.C in 2000,  re-incorporating in Maryland in 2006. We specialize in computer security engineering services and support, for customers as diverse as the defense sector, e-commerce customers, and gaming regulators and service providers.

Buyer. The term "Buyer" is used to denote the individual or corporation with the winning bid. There may be multiple bids, but only one Buyer. Should the bidder, as indicated by signature below, become the Buyer, then all terms and conditions herein imposed on the Buyer apply to the bidder as indicated by signature below.

How to Submit. This form may be printed and mailed to our registered agent at IT GlobalSecure, Inc., Attn: Cheryl Campbell, at 114 Hobbs St., Greensboro, MD 21639, or offers may be faxed to 202-478-1743.

Registrar Matters. The current registrar for pennypoker.com is GoDaddy.com.  The winning bidder will be required to use GoDaddy for their registrar for the purpose of this transfer, since GoDaddy handles such transfers very quickly (for domain transfers between two different GoDaddy accounts). The buyer may, after the transaction is complete, move their domain to another registrar. It is recommended that bidders open a GoDaddy user account in anticipation of winning pennypoker.com so that transfer may proceed as smoothly and swiftly as possible.

Escrow Agent. Escrow.com will be used as our escrow agent. This means that your bid, if accepted, will be paid to Escrow.com as a trusted intermediary. The seller will not receive funds until the buyer has ownership and control of the new domain. Escrow.com is the agent of choice for GoDaddy.com's after-market domain sale service, as well as for individual entities such as IT GlobalSecure, Inc. (ITGS). It is the intent of ITGS to transfer the domain to the bidder with the most favorable offer received, once Escrow.com is in receipt of the bidder's payment by back certified check or wire transfer. ITGS reserves the right to change escrow agents at any time prior to selection of the winning bid.

Post-Bid. Any bidder will receive confirmation from ITGS notifying them of the date that the bid was received "i.e., received date". A bidder has 5 calendar days in which to retract their bid after the "received date", and should indicate their desire to cancel via fax. The bidder will then receive a cancellation confirmation. Any bidder that does not cancel within this 5-day window (with ITGS confirmation of cancellation) has submitted a bid which is legally in effect (i.e., binding) through the expire date.

Any bidder may send a revised bid at any time as long as the expire date (as of 8:00 pm EST) has not been reached. Revised bids may not be cancelled (as initial bids can) but will remain in force until the expire date.

Closing Bids Early. ITGS reserves the right to end the bid process before the expire date. Should ITGS seek to do this, all existing bidders will be notified and provided with an opportunity to submit a revised bid within an allotted period of time (a 5-day window is anticipated). The same allotted time period will be used for all previous bidders.

Determination of a Winning Bid. Upon receiving all bids, ITGS will then proceed with the domain transfer to the winning bidder, based on ITGS selection criteria which includes but is not limited to the bid price and authentication of the bidder. ITGS reserves the right to not accept any bid for any reason. ITGS does have a minimum amount required (i.e. "reserve price") to transfer this domain; if all bids are under the reserve price, no transfer will occur.

Payment. Once a winning bidder has been selected, that bidder will be notified by ITGS and will also receive an e-mail from Escrow.com with instructions on methods of payment. The seller ITGS will pay all escrow fees, except in the case that the buyer fails to complete the domain transfer. In that event, escrow fees (0.89% of the bid as of June 2008 where this percentage is set by Escrow.com and subject to change) will be the responsibility of the buyer. Failure to remit payment will be considered breach of contract subject to amount of the winning bid plus costs to collect, penalties of 1.5% per month, and all associated fees. The winning bidder (buyer) is solely responsible for any currency exchange or other bank fees associated with rendering payment to Escrow.com and such fees may not be withheld from the payments to Escrow.com.

Contract Completion | Delivery of Domain. The transaction is considered complete when the buyer has a correct WHOIS record showing them as the authorized owner of the domain and the buyer is also able to maintain password control over access to the WHOIS records through his/her GoDaddy account.

Limitation of Liabilities. BUYER SHALL NOT IN ANY EVENT BE ENTITLED TO, AND SELLER SHALL NOT BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES OF ANY NATURE associated with the transfer of this domain name.

Governing Law. This Agreement shall be construed in accordance with, and disputes shall be governed by, the laws of the State of Maryland, excluding any law or principle which would apply the law of any other jurisdiction. Buyer agrees that the courts of Maryland shall have exclusive jurisdiction over any disputes arising under or relating to this Agreement or its alleged breach, and Seller irrevocably consents to the jurisdiction of those courts. If Buyer fails to make payment when due, Seller may pursue any legal or equitable remedies, in which event Seller shall be entitled to reimbursement of its costs of collection (see "Payment" above), including reasonable attorneys' fees.

In closing, This Agreement is the complete and exclusive statement of the terms of the Agreement between the parties and supersedes any and all other prior and contemporaneous negotiations and agreements, whether oral or written, between them relating to its subject matter.  Buyer's rights, duties, agreements or obligations hereunder may not be assigned or transferred without the prior written consent of Seller; any attempted or purported assignment shall be void. The obligations of Buyer shall be binding on its successors and assigns. Seller's waiver of any provision of the Agreement, or of any breach or default, shall not be deemed a waiver of any other provision, nor of any other breach or default. Any provision of this Agreement held unenforceable in any jurisdiction shall not affect the remaining provisions of this Agreement in that jurisdiction, nor the validity or enforceability of such provision in any other jurisdiction.

Any changes to these terms and conditions must be approved in writing by ITGS before any bid including such changes can be considered. Bidders also agree to adhere to Escrow.com payment terms and conditions as detailed at: http://escrow.com/solutions/domain_name/index.asp

Submitted Bid. Please note that the information below must exactly match the name and corporate of the entity to be associated with the transferred domain.