AMENDMENT TOCHANGE IN CONTROL ARRANGEMENTS WITH CERTAIN NAMED EXECUTIVE OFFICERS
Exhibit 10.1
AMENDMENT TO CHANGE IN CONTROL ARRANGEMENTS WITH CERTAIN NAMED EXECUTIVE OFFICERS
On September 11, 2009, the Companys Board of Directors authorized a modification to the change in control payments to two executive officers if a sale of the Companys assets to two specific potential buyers closed in 2009. Previously, these two officers were to receive 18 months severance if their employment was terminated without cause in connection with a sale of the Companys assets to either of two specific buyers that closed in 2009. Under the new change in control arrangements, Mr. Rohin Malhotra and Mr. Adam Pliska will each receive 18 months of severance if they are terminated without cause in connection with the closing of a sale of the Companys assets pursuant to the Companys currently-contemplated transaction with a subsidiary of PartyGaming PLC, Peerless Media Ltd., or any subsequent topping offer that leads to the closing of a similar transaction.