Broadcaster Inc – ‘10-K’ for 6/30/01 – EX-10.12

On:  Monday, 10/15/01   ·   For:  6/30/01   ·   Accession #:  950149-1-501526   ·   File #:  0-15949

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        International Microcomputer Software, Inc.            82    450K 
 2: EX-10.1     Material Contract                                     12     55K 
11: EX-10.10    Material Contract                                      2     14K 
12: EX-10.11    Material Contract                                      2±    11K 
13: EX-10.12    Material Contract                                      1      9K 
14: EX-10.13    Material Contract                                      4     22K 
15: EX-10.14    Material Contract                                      4     21K 
16: EX-10.15    Material Contract                                      3     16K 
17: EX-10.16    Material Contract                                      5     26K 
18: EX-10.17    Material Contract                                      2     12K 
 3: EX-10.2     Material Contract                                     16     75K 
 4: EX-10.3     Material Contract                                      1     10K 
 5: EX-10.4     Material Contract                                      5     27K 
 6: EX-10.5     Material Contract                                     12     52K 
 7: EX-10.6     Material Contract                                      2     15K 
 8: EX-10.7     Material Contract                                      4     20K 
 9: EX-10.8     Material Contract                                      6     34K 
10: EX-10.9     Material Contract                                      2±    13K 
19: EX-21.1     Subsidiaries of the Registrant                         1      6K 
20: EX-23.1     Consent of Experts or Counsel                          1      8K 

EX-10.12   —   Material Contract

EX-10.12
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EXHIBIT 10.12                                                                   

ADDENDUM #2 TO SETTLEMENT AGREEMENT                                             

International Microcomputer Software, Inc. and ArtToday.com, Inc.               
(hereinafter collectively "IMSI") and Imageline, Inc., George P.                
Riddick, III, and any assignees (hereinafter collectively "Imageline")          
hereby agree to amend the Settlement Agreement dated July 27, 2001 and          
amended September 24, 2001 as follows:                                          

Imageline and IMSI hereby agree that in the event IMSI defaults on any payments 
pursuant to the Settlement Agreement and IMSI does not cure the default within  
30 days of notice from Imageline; then interest on the remaining amounts due    
shall begin to accrue at the rate of 12% per annum and be payable to Imageline  
until such default is cured. In addition, a one-time penalty of 5% of the       
remaining amounts due at the time of default shall be due to Imageline within   
fifteen (15) business days of any uncured default.                              

IMSI further agrees to begin the monthly payments to Imageline on Friday,       
October 5, 2001 by wire transfer to an account designated by Imageline, and to  
continue to make monthly payments on or before the 5th of each month thereafter.
The effective date of the settlement with Imageline shall be 9/30/01.           

All other terms and conditions of the Settlement Agreement shall remain as      
originally written and are hereby confirmed.                                    

Dated: 10\5\01                          Dated:  10\5\01                         
       ------------------------------           --------------------------------

By:    /s/ GORDON LANDIS                By:     /s/ GEORGE P. RIDDICK III       
       ------------------------------           --------------------------------
IMSI                                     Imageline                

145 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing		Date		Other Filings
Filed on:		10/15/01
		10/5/01
		9/24/01
		7/27/01
For Period End:		6/30/01		NT 10-K
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