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                              TERMINATION AGREEMENT


         This Termination Agreement is made and entered into by and between
Interactive Flight Technologies, Inc., a Delaware corporation ("IFT") and Hyatt
Ventures, Inc., a Delaware corporation ("Hyatt) effective as of November 10,
1997.

         A. The parties hereto are parties to certain agreements including the
Strategic Alliance Agreement dated as November 12, 1996 (the Strategic
Agreement") and the Registration Rights Agreement dated as of November 12, 1996
(collectively, the "Prior Agreements") as well as the Amendment No. 2 to Amended
and Restated Shareholders' Agreement dated as of November 12, 1996 (the
"Shareholders' Agreement").

         B. Based on the current market for in-flight entertainment systems and
other factors, IFT has requested and Hyatt has agreed that the parties
discontinue the strategic alliance set forth in the Prior Agreements.

         C. As a result, except as set forth below the parties wish to terminate
the Prior Agreements as set forth herein.

         Now, therefore, in consideration of these premises and the mutual
covenants set forth herein, the parties hereto agree as follows:

         1. TERMINATION. All of the rights and obligations of the parties
pursuant to the Prior Agreements are hereby terminated, except for (i) the
rights of confidentiality set forth in Section 4.6 of the Strategic Agreement;
(ii) until December 31, 1999, the standstill rights set forth in Section 4.7 of
the Strategic Agreement; (iii) the options set forth in Section 4.9 of the
Strategic Agreement; (iv) until December 31, 1999, the rights to insurance set
forth in Section 4.10 of the Strategic Agreement; (v) the rights to
indemnification set forth in Section 4.11 of the Strategic Agreement; and (vi)
the rights of set forth in Article 7of the Strategic Agreement for actions taken
prior to the date hereof. The parties agree that no warrants were or are
issuable pursuant to the Strategic Agreement. All of the obligations and rights
of Hyatt under the Shareholders' Agreement are hereby terminated.

         2. RESIGNATIONS. Simultaneously with the execution hereof, John
Pritzker and Adam Aaron are resigning from the Board of Directors of IFT.

         3. PUBLIC ANNOUNCEMENTS. Neither party shall issue or cause (or permit
any of its direct affiliates to issue or cause) the publication of any press
release or any other public announcement with respect to, or otherwise make any
public statement concerning, the termination of their strategic alliance without
the prior consent of the other, which consent shall not unreasonably withheld or
except as may be required by law, regulation or by obligations pursuant to any
listing agreement with any national securities exchange or the NASDAQ National
Market System; provided, however, that in
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the event such disclosure is so required, the disclosing party shall give prior
written notice of such disclosure to the non-disclosing party.

         4. GENERAL. The provisions of Sections 8.1, 8.2, 8.4, 8.5, 8.6, 8.7,
8.9, 8.10, 8.11 and 8.12 of the Strategic Agreement will continue for the
purposes of this Agreement, and are hereby expressly incorporated herein as set
forth herein and full, except that the term "Agreement" shall refer to this
Termination Agreement, and the address of Theodore E. Guth shall be changed to
Guth Rothman & Christopher LLP, 10866 Wilshire Boulevard, Suite 1250, Los
Angeles, California 90024.

         In witness whereof, each of IFT and Hyatt has caused this agreement to
be executed by its duly authorized officer, in each case as of the date first
written above.


HYATT VENTURES, INC.                        INTERACTIVE FLIGHT
                                            TECHNOLOGIES, INC.


By:__________________________               ___________________________________
                                            By:  Michail Itkis
Its: ________________________               Its: Chief Executive Officer




We consent to the termination of all of the rights and obligations of Hyatt
under the Shareholders' Agreement.


____________________          ____________________          ____________________
Michail Itkis                      Yuri Itkis                    Boris Itkis