Interactive Systems Worldwide Inc/DE – ‘10KSB’ for 9/30/97 – EX-10

As of:  Monday, 12/29/97   ·   For:  9/30/97   ·   Accession #:  1025995-98-1   ·   File #:  0-21831   ·   Correction:  This Filing’s “Filed as of” Date was Corrected and “Changed as of” 1/7/98 by the SEC on 1/7/98. ®

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Annual Report — Small Business   —   Form 10-KSB
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10KSB       Annual Report -- Small Business                       59±   266K 
 2: EX-10       Exhibit 10.1(A)                                        2±     9K 
 4: EX-10       Exhibit 10.16                                         24±    96K 
 5: EX-10       Exhibit 10.17                                          2±    12K 
 6: EX-10       Exhibit 10.18                                         13±    55K 
 3: EX-10       Exhibit 10.3(A)                                        2±    12K 
 7: EX-23       Exhibit 23.1                                           1      7K 
 8: EX-27       Financial Data Schedule                                1      7K 

EX-10   —   Exhibit 10.1(A)

EXHIBIT 10.1(a)                   

Amendment Agreement dated as of September 25, 1997 by and             
among International Sports Wagering Inc. (the "Company") and Barry Mindes.      

W I T N E S S E T H:        

WHEREAS, the parties entered into an Employment Agreement             
dated as of May 22, 1995                                                        
(the "Agreement"); and                                                          

WHEREAS, the parties desire to amend that Agreement on the            
terms and conditions set forth                                                  
herein.                                                                         

NOW, THEREFORE, in consideration of $10 and of the mutual             
promises herein contained,                                                      
and agreeing to be legally bound hereby, the parties hereto agree               
as follows:                                                                     

1.   A new Section 4.3 to the Agreement is hereby added               
effective as of the                                                             
commencement as of the Term of the Agreement:               

"4.3 Notwithstanding the provisions of Section 4.2, in      
lieu of participating                                                           
in the health insurance program provided by the Company     
for the benefit of                                                              
all of its employees, the Employee may elect to             
participate in other medical                                                    
insurance (and/or Medicare) and in such case the            
Company shall pay or                                                            
reimburse the Employee, upon presentation of invoices       
therefor, for (i) any                                                           
deductible or co-payments required to be paid by the        
Employee, (ii) any                                                              
medical or hospitalization costs not reimbursed to the      
Employee by such                                                                
other medical insurance (and/or Medicare) and (iii) the     
premiums for the                                                                
Employee's existing life insurance policies in the          
amount of $200,000;                                                             
provided that the aggregate payment or reimbursement to     
which the                                                                       
Employee shall be entitled for all of the foregoing         
during the Term of this                                                         
Agreement shall be $25,200."                                

2.   Except as herein provided the Agreement shall continue           
in full force and effect in                                                     
accordance with its terms.                                  

IN WITNESS WHEREOF, the parties have executed this Amendment          
Agreement as of the                                                             
date and year first above written.                                              

               INTERNATIONAL SPORTS WAGERING, INC.

    By: /s/ Bernard Albanese

                 Bernard Albanese, President

By:/s/ Barry Mindes 

  Barry Mindes

Dates Referenced Herein

This ‘10KSB’ Filing		Date		Other Filings
Changed as of / Corrected on:		1/7/98		None on these Dates
Filed on:		12/29/97
For Period End:		9/30/97
		9/25/97
		5/22/95
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