Item 1.02 Termination of a Material Definitive Agreement

Royal Turf Club, Inc.,a wholly owned subsidiary of Global Pari-Mutuel Services (GPRM) has given Sol Mutuel a Grenada Corporation a 90 day notice of termination of its contract signed in May of 2007 and modified in September 2007 by verbal Agreement.

The original agreement, a major source of revenue for the company from the fall of 2007 until late 2008, called for Royal Turf Club to provide settlement and reconciliation services as well as hub services to Sol Mutual. In the fall of 2007, it was modified by verbal agreement, whereby Royal Turf Club would reduce its pricing by approximately 25% in return for Sol Mutuel giving RTC an exclusive for these services .

In the fall of 2008, RTC discovered that Sol Mutuel was in fact violating the terms of the agreement. We advised them at that time and again in April 2009. We also sent them several invoices to recapture the discount we had given them based on the agreed exclusivity of the contract. RTC has withheld funds sufficient to cover these additionally invoiced amounts.

Litigation is always a possibility in these situations. We feel the facts are on our side and the company will prevail.