Exhibit 10.1
[WMS INDUSTRIES INC. LETTERHEAD]

 
August 9, 2005
 
Mr. Brian R. Gamache
c/o WMS Industries Inc.
800 South Northpoint Blvd.
Waukegan, IL 60085
 
Dear Brian:

In accordance with your employment agreement (“Employment Agreement”) with WMS
Industries Inc. (the “Corporation”), dated December 27, 2004, you had the
opportunity to earn an annual bonus for the Corporation’s fiscal year ended June
30, 2005 pursuant to the Corporation’s annual performance based bonus program
(“Bonus Program”) established by the Compensation Committee of the Board of
Directors of the Corporation. You have informed us that, effective June 30,
2005, you rescind your right to receive any bonus payment for the Corporation’s
fiscal year ended June 30, 2005 pursuant to your Employment Agreement and the
Bonus Program.
 
If the foregoing is in accordance with your agreement and understanding, please
sign a copy of this letter below under the words “Accepted and Agreed to” and
return it to the undersigned.
 
Very truly yours,
 
WMS Industries Inc.
 
 /s/ Orrin J. Edidin

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Orrin J. Edidin
Executive Vice President & Chief Operating Officer
 
Accepted and Agreed to:
 
 /s/ Brian R. Gamache

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Brian R. Gamache