0000950129-06-002575 Sample Contracts

SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance and General Release Agreement • March 13th, 2006 • Youbet Com Inc • Services-miscellaneous amusement & recreation • California

This Severance and General Release Agreement (“Agreement”) is made and entered into by and between Charles Bearchell (“Employee”), an individual, and Youbet.com, Inc. (“Youbet”), upon the following terms and conditions:

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SECOND AMENDMENT TO CHAMPION EMPLOYMENT AGREEMENT
Champion Employment Agreement • March 13th, 2006 • Youbet Com Inc • Services-miscellaneous amusement & recreation

This is a SECOND AMENDMENT (“Second Amendment”), effective as of this 31st day of December, 2005, to that certain Employment Agreement dated as of June 16, 2003, as amended by that certain First Amendment dated August 1, 2005 (as so amended, the “Employment Agreement”), by and between CHARLES F. CHAMPION (the “Executive”) and YOUBET.COM, INC., a Delaware corporation (the “Company”) (collectively, the “Parties”).

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