Document:

<PAGE>

                                                                    Exhibit 10.1

                             SS&C TECHNOLOGIES, INC.

                         1996 DIRECTOR STOCK OPTION PLAN

1.       Purpose.

         The purpose of this 1996 Director Stock Option Plan (the "Plan") of
SS&C Technologies, Inc. (the "Company") is to encourage ownership in the Company
by outside directors of the Company whose continued services are considered
essential to the Company's future progress and to provide them with a further
incentive to remain as directors of the Company.

2.       Administration.

         The Board of Directors shall supervise and administer the Plan. Grants
of stock options under the Plan and the amount and nature of the awards to be
granted shall be automatic in accordance with Section 5. However, all questions
concerning interpretation of the Plan or any options granted under it shall be
resolved by the Board of Directors and such resolution shall be final and
binding upon all persons having an interest in the Plan.

3.       Participation in the Plan.

         Directors of the Company who are not full-time employees of the Company
or any subsidiary of the Company ("outside directors") shall be eligible to
receive options under the Plan.

4.       Stock Subject to the Plan.

         (a) The maximum number of shares of the Company's Common Stock, par
value $.01 per share ("Common Stock"), which may be issued under the Plan shall
be 150,000 shares, subject to adjustment as provided in Section 7.

         (b) If any outstanding option under the Plan for any reason expires or
is terminated without having been exercised in full, the shares covered by the
unexercised portion of such option shall again become available for issuance
pursuant to the Plan.

         (c) All options granted under the Plan shall be non-statutory options
not entitled to special tax treatment under Section 422 of the Internal Revenue
Code of 1986, as amended (the "Code").

5.       Terms, Conditions and Form of Options.

                                       1

<PAGE>

         Each option granted under the Plan shall be evidenced by a written
agreement in such form as the Board of Directors shall from time to time
approve, which agreements shall comply with and be subject to the following
terms and conditions:

         (a) Option Grant Dates. Options shall automatically be granted to all
eligible outside directors as follows:

                  (i) each person who first becomes an eligible outside director
after the closing date (the "Closing Date") of the Company's initial public
offering of Common Stock pursuant to an effective registration statement under
the Securities Act of 1933, as amended, shall be granted an option to purchase
5,000 shares of Common Stock on the date of his or her initial election to the
Board of Directors, provided that such eligible director is elected on a date
other than the date of an Annual Meeting of Stockholders; and

                  (ii) each eligible outside director shall be granted an
additional option to purchase 5,000 shares of Common Stock on the date of each
Annual Meeting of Stockholders of the Company commencing with the 1997 Annual
Meeting of Stockholders, provided that he or she continues to serve as a
director immediately following such Annual Meeting.

         (b) Option Exercise Price. The option exercise price per share for each
option granted under the Plan shall equal (i) the last reported sales price per
share of the Company's Common Stock on the Nasdaq National Market (or, if the
Company is traded on a nationally recognized securities exchange on the date of
grant, the reported closing sales price per share of the Company's Common Stock
by such exchange) on the date of grant (or if no such price is reported on such
date such price as reported on the nearest preceding day) or (ii) if the Common
Stock is not traded on the Nasdaq National Market or an exchange, the fair
market value per share on the date of grant as most recently determined by the
Board of Directors.

         (c) Options Non-Transferable. To the extent required to qualify for the
exemption provided by Rule 16b-3 under the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), any option granted under the Plan to an optionee
shall not be transferable by the optionee other than by will or the laws of
descent and distribution or pursuant to a qualified domestic relations order as
defined by the Code or Title I of the Employee Retirement Income Security Act,
or the rules thereunder, and shall be exercisable during the optionee's lifetime
only by the optionee or the optionee's guardian or legal representative.

         (d)      Vesting Period.

         (i) General. Each option granted under the Plan shall become
exercisable on the first anniversary of the Option Grant Date; provided,
however, that the optionee continue to serve as a director on such date.

         (ii) Acceleration Upon Change in Control. Notwithstanding the
foregoing, each outstanding option granted under the Plan shall immediately
become exercisable in full in the event a Change in Control (as defined in
Section 8) of the Company occurs.

                                        2

<PAGE>

         (e) Termination. Each option shall terminate, and may no longer be
exercised, on the earlier of the (i) the date 10 years after the Option Grant
Date or (ii) the date 60 days after the optionee ceases to serve as a director
of the Company; provided that, in the event an optionee ceases to serve as a
director due to his or her death or disability (within the meaning of Section
22(e)(3) of the Code or any successor provision), then the exercisable portion
of the option may be exercised, within the period of 180 days following the date
the optionee ceases to serve as a director (but in no event later than 10 years
after the Option Grant Date), by the optionee or by the person to whom the
option is transferred by will, by the laws of descent and distribution, or by
written notice pursuant to Section 5(h).

         (f) Exercise Procedure. An option may be exercised only by written
notice to the Company at its principal office accompanied by payment in cash of
the full consideration for the shares as to which the option is exercised.

         (g) Exercise by Representative Following Death of Director. An
optionee, by written notice to the Company, may designate one or more persons
(and from time to time change such designation), including his or her legal
representative, who, by reason of the optionee's death, shall acquire the right
to exercise all or a portion of the option. If the person or persons so
designated wish to exercise any portion of the option, they must do so within
the term of the option as provided herein. Any exercise by a representative
shall be subject to the provisions of the Plan.

6.       Limitation of Rights.

         (a) No Right to Continue as a Director. Neither the Plan, nor the
granting of an option nor any other action taken pursuant to the Plan, shall
constitute or be evidence of any agreement or understanding, express or implied,
that the Company will retain the optionee as a director for any period of time.

         (b) No Stockholders' Rights for Options. An optionee shall have no
rights as a stockholder with respect to the shares covered by his or her option
until the date of the issuance to him or her of a stock certificate therefor,
and no adjustment will be made for dividends or other rights (except as provided
in Section 7) for which the record date is prior to the date such certificate is
issued.

7.       Adjustment Provisions for Mergers, Recapitalizations and Related
         Transactions.

         If, through or as a result of any merger, consolidation,
reorganization, recapitalization, reclassification, stock dividend, stock split,
reverse stock split, or other similar transaction, (i) the outstanding shares of
Common Stock are exchanged for a different number or kind of securities of the
Company or of another entity, or (ii) additional shares or new or different
shares or other securities of the Company or of another entity are distributed
with respect to such shares of Common Stock, the Board of Directors shall make
an appropriate and proportionate adjustment in (x) the maximum number and kind
of shares reserved for issuance under the Plan, (y) the number and kind of
shares or other securities subject to then outstanding options under the Plan,
and/or (z) the price for each share subject to any then outstanding options
under the Plan

                                       3

<PAGE>

(without changing the aggregate purchase price for such options), to the end
that each option shall be exercisable, for the same aggregate exercise price,
for such securities as such optionholder would have held immediately following
such event if he had exercised such option immediately prior to such event. No
fractional shares will be issued under the Plan on account of any such
adjustments.

8. Change in Control. For purposes of the Plan, a "Change in Control" shall be
deemed to have occurred only if any of the following events occurs: (i) any
"person", as such term is used in Sections 13(d) and 14(d) of the Exchange Act
(other than the Company, any trustee or other fiduciary holding securities under
an employee benefit plan of the Company, or any corporation owned directly or
indirectly by the stockholders of the Company in substantially the same
proportion as their ownership of stock of the Company), is or becomes the
"beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly
or indirectly, of securities of the Company representing 50% or more of the
combined voting power of the Company's then outstanding securities; (ii) the
stockholders of the Company approve a merger or consolidation of the Company
with any other corporation, other than a merger or consolidation which would
result in the voting securities of the Company outstanding immediately prior
thereto continuing to represent (either by remaining outstanding or by being
converted into voting securities of the surviving entity) more than 50% of the
combined voting power of the voting securities of the Company or such surviving
entity outstanding immediately after such merger or consolidation; (iii) the
stockholders of the Company approve a plan of complete liquidation of the
Company or an agreement for the sale or disposition by the Company of all or
substantially all of the Company's assets; or (iv) individuals who, on the date
on which the Plan was adopted by the Board of Directors, constituted the Board
of Directors of the Company, together with any new director whose election by
the Board of Directors or nomination for election by the Company's stockholders
was approved by a vote of at least a majority of the directors then still in
office who were directors on the date on which the Plan was adopted by the Board
of Directors or whose election or nomination was previously so approved, cease
for any reason to constitute at least a majority of the Board of Directors.

9.       Modification, Extension and Renewal of Options.

         The Board of Directors shall have the power to modify or amend
outstanding options; provided, however, that no modification or amendment may
(i) have the effect of altering or impairing any rights or obligations of any
option previously granted without the consent of the optionee, or (ii) modify
the number of shares of Common Stock subject to the option (except as provided
in Section 7).

10.      Termination and Amendment of the Plan.

         The Board of Directors may suspend, terminate or discontinue the Plan
or amend it in any respect whatsoever; provided, however, that without approval
of the stockholders of the Company, no amendment may (i) increase the number of
shares subject to the Plan (except as provided in Section 7), (ii) materially
modify the requirements as to eligibility to receive options under the Plan, or
(iii) materially increase the benefits accruing to participants in the Plan; and
provided further that the Board of Directors may not amend the provisions of
Sections 3, 5(a),

                                       4

<PAGE>

5(b) or 5(c) more frequently than once every six months, other than to comply
with changes in the Code or the rules thereunder.

11.      Notice.

         Any written notice to the Company required by any of the provisions of
the Plan shall be addressed to the Treasurer of the Company and shall become
effective when it is received.

12.      Governing Law.

         The Plan and all determinations made and actions taken pursuant hereto
shall be governed by the laws of the State of Delaware.

13.      Stockholder Approval.

         The Plan is conditional upon stockholder approval of the Plan within
one year from its date of adoption by the Board of Directors. No option under
the Plan may be exercised until such stockholder approval is obtained, and the
Plan and all options granted under the Plan shall be null and void if the Plan
is not so approved by the Company's stockholders.

                              Adopted by the Board of Directors on April 1, 1996
                              Approved by the stockholders on April 1, 1996

                                       5

<PAGE>

             AMENDMENT NO. 1 TO THE 1996 DIRECTOR STOCK OPTION PLAN
                                       OF
                             SS&C TECHNOLOGIES, INC.

                                October 30, 1996

         The 1996 Director Stock Option Plan (the "Plan") of SS&C Technologies,
Inc. is hereby amended as follows (capitalized terms used herein and not defined
herein shall have the respective meaning ascribed to such terms in the Plan):

         1. The reference to Section 5(h) at the end of Section 5(e) of the Plan
shall be amended to refer to Section 5(f).

         2. Section 10 of the Plan shall be deleted in its entirety and replaced
with the following:

         "10. Termination and Amendment of the Plan. The Board of Directors may
         suspend, terminate or discontinue the Plan or amend it in any respect
         whatsoever."

Except as aforesaid, the Plan shall remain in full force and effect.

                                       6

<PAGE>

                             SS&C TECHNOLOGIES, INC.

                                 AMENDMENT NO. 2
                                       TO
                   1996 DIRECTOR STOCK OPTION PLAN, AS AMENDED

1. The 1996 Director Stock Option Plan, as amended (the "Plan"), is hereby
amended to delete subsection 5(d) thereof and replace such subsection in its
entirety with the following:

         "(d) Vesting Period. Each option granted under the Plan shall be
         exercisable in full immediately upon the Option Grant Date."

2. The Plan is hereby amended to delete section 8 thereof and replace such
section in its entirety with the following:

         "8. Intentionally deleted."

3. Except as aforesaid, the Plan shall remain in full force and effect.

                               Adopted by the Board of Directors on May 5, 1999.

                                       7

<PAGE>

                             SS&C TECHNOLOGIES, INC.

                                 AMENDMENT NO. 3
                                       TO
                   1996 DIRECTOR STOCK OPTION PLAN, AS AMENDED

1. The 1996 Director Stock Option Plan, as amended (the "Plan"), is hereby
amended to delete subsection 4(a) thereof and replace such subsection in its
entirety with the following:

         "4(a) The maximum number of shares of the Company's Common Stock, par
         value $.01 per share ("Common Stock"), which may be issued under the
         Plan shall be 300,000 shares, subject to adjustment as provided in
         Section 7."

2. The Plan is hereby amended to delete section 5(a) thereof and replace such
section in its entirety with the following:

         "5(a) Option Grant Dates. Options shall automatically be granted to all
eligible outside directors as follows:

                  (i)      each person who first becomes an eligible outside
                           director after the 2000 Annual Meeting of
                           Stockholders of the Company shall be granted an
                           option to purchase 10,000 shares of Common Stock on
                           the date of his or her initial election to the Board
                           of Directors, provided that such eligible director is
                           elected on a date other than the date of an Annual
                           Meeting of Stockholders; and

                  (ii)     each eligible outside director shall be granted an
                           option to purchase 10,000 shares of Common Stock on
                           the date of each Annual Meeting of Stockholders of
                           the Company commencing with the 2000 Annual Meeting
                           of Stockholders, provided that he or she continues to
                           serve as a director immediately following such Annual
                           Meeting."

3.       Except as aforesaid, the Plan shall remain in full force and effect.

                          Adopted by the Board of Directors on February 7, 2000.

                                       8

<PAGE>

                             SS&C TECHNOLOGIES, INC.

                                 AMENDMENT NO. 4
                                       TO
                   1996 DIRECTOR STOCK OPTION PLAN, AS AMENDED

1. The Plan is hereby amended to delete section 5(a) thereof and replace such
section in its entirety with the following:

         "5(a) Option Grant Dates. Options shall automatically be granted to all
         eligible outside directors as follows:

                  (i)      each person who first becomes an eligible outside
                           director after the 2002 Annual Meeting of
                           Stockholders of the Company shall be granted an
                           option to purchase 5,000 shares of Common Stock on
                           the date of his or her initial election to the Board
                           of Directors, provided that such eligible director is
                           elected on a date other than the date of an Annual
                           Meeting of Stockholders; and

                  (ii)     each eligible outside director shall be granted an
                           option to purchase 5,000 shares of Common Stock on
                           the date of each Annual Meeting of Stockholders of
                           the Company commencing with the 2002 Annual Meeting
                           of Stockholders, provided that he or she continues to
                           serve as a director immediately following such annual
                           Meeting."

2. Except as aforesaid, the Plan shall remain in full force and effect.

                               Adopted by the Board of Directors on May 22, 2002

                                       9<PAGE>
[GTECH LOGO]                                                       EXHIBIT 10.27

                            AGREEMENT NO. 530133-7202

                                 BY AND BETWEEN

                                GTECH CORPORATION
                                55 TECHNOLOGY WAY
                       WEST GREENWICH, RHODE ISLAND 02817

                                       AND

                       TRANSACT TECHNOLOGIES INCORPORATED
                                  7 LASER LANE
                              WALLINGFORD, CT 06492

                               For the Purchase of

                              GTECH Model GLP305/SA

GTECH REPRESENTATIVES:                      VENDOR REPRESENTATIVES

              John Picard                               Mark Bauer
----------------------------------          ------------------------------------
<PAGE>
                    GTECH CORPORATION OEM PURCHASE AGREEMENT

<TABLE>
<S>                                                                          <C>
1.    TERMS AND CONDITIONS                                                         5

      1.1      Products                                                            5

      1.2      Services                                                            5

      1.3      OEM Purchases                                                       5

      1.4      No Minimum Commitment; No Exclusivity                               5

      1.5      Spare Parts                                                         5

2.    ORDERING                                                                     6

      2.1      Purchase Orders                                                     6

      2.2      Lead Time                                                           6

      2.3      Priority Orders                                                     6

      2.4      Rescheduling                                                        6

      2.5      Cancellation for Convenience                                        6

      2.6      Forecast                                                            7

3.    SHIPPING, PACKAGING, DELIVERY                                                7

      3.1      F.O.B.; Title; Risk of Loss                                         7

      3.2      Shipment                                                            7

      3.3      Packaging                                                           7

      3.4      International Shipments                                             7

      3.5      Early Arrival                                                       7

4.    PRICE                                                                        7

      4.1      Unit Prices                                                         7

      4.2      Price Reduction                                                     7

      4.3      Price Reduction on Spare Parts and Repairs                          7

5.    PAYMENT                                                                      8

6.    TAXES AND DUTIES                                                             8

7.    CHANGES                                                                      8

      7.1      Product Changes                                                     8

      7.2      GTECH Changes                                                       8

      7.3      Enhancements, Successor Products                                    9

8.    COOPERATION IN THE LOTTERY AND GAMING MARKET                                 9

      8.1      Transfer of Equipment                                               9

      8.2      Non-Compete Clause                                                  9

      8.3      Vendor Outside Requirements                                        10

</TABLE>

                                       2
<PAGE>
<TABLE>
<S>                                                                          <C>
9.    PRODUCT QUALITY AND RELIABILITY REQUIREMENTS                               10

      9.1      Quality and Reliability Requirements                              10

      9.2      Reliability Plan                                                  10

      9.3      Reliability Test                                                  10

      9.4      Reliability Test Report                                           10

      9.5      Vendor Survey                                                     10

      9.6      Test Equipment and Procedure Correlation                          10

      9.7      Final Test and Inspection Data                                    11

      9.8      Source Inspection                                                 11

      9.9      Receiving Inspection                                              11

      9.10     Field Reliability Reporting                                       11

      9.11     Failure Analysis and Corrective Actions                           12

      9.12     GTECH's Rights with Respect to Non-Conforming Goods               12

      9.13     Failures of consequence                                           12

10.   INSURANCE                                                                  12

      10.1     Vendor Insurance Coverage                                         12

      10.2     General Liability                                                 12

      10.3     Proof of Insurance                                                13

      10.4     First Production Performance Bond                                 13

11.   INDEMNITY                                                                  13

12.   REPAIR SUPPORT                                                             14

      12.1     Repair Orders                                                     14

      12.2     International Repair and Support                                  14

      12.3     Failure Analysis                                                  14

      12.4     Repair Capabilities                                               14

      12.5     Test Equipment                                                    14

      12.6     Qualified Vendor List                                             14

      12.7     Diagnostics                                                       15

      12.8     Documentation                                                     15

13.   TRAINING                                                                   15

      13.1     Initial Training                                                  15

      13.2     Component Level Training                                          15

      13.3     Future Training                                                   15

14.   WARRANTIES                                                                 15

      14.1     Vendor Standards                                                  15

      14.2     Authority                                                         16

      14.3     Title; Infringement                                               16

      14.4     Conformance; Defects                                              16

      14.5     Freight Costs on Warranty Repairs                                 16
</TABLE>

                                       3
<PAGE>
<TABLE>
<S>                                                                          <C>
      14.6     Freight Charges on Non-Warranty                                   16

      14.7     Warranty Terms                                                    16

15.   TOOLING                                                                    16

16.   FORCE MAEJURE                                                              17

17.   CONFIDENTIALITY                                                            17

18.   PUBLIC ANNOUNCEMENTS                                                       18

19.   NOTICES                                                                    18

20.   ASSIGNMENT                                                                 18

21.   TERM AND TERMINATION                                                       18

      21.1     Term                                                              18

      21.2     Termination by GTECH                                              18

      21.3     Termination by VENDOR                                             19

      21.4     Obligations on Termination                                        19

22.   CONFLICTING PROVISIONS                                                     19

23.   MANUFACTURING RIGHTS                                                       19

24.   MISCELLANEOUS                                                              20

ATTACHMENTS

1 -  Products Specifications                                                     21

2 -  Pricing                                                                     22

3 -  Spare Parts Pricing                                                         23

4 -  Warranty Information                                                        24

5 -  General Packaging Specification                                             25

6 -  Tooling                                                                     26

7 -  Manufacturing Rights                                                        27
</TABLE>

                                       4
<PAGE>
                          GTECH OEM PURCHASE AGREEMENT

       THIS AGREEMENT between GTECH CORPORATION, a Delaware corporation, with
offices at 55 Technology Way, West Greenwich, RI 02817 ("GTECH") and TransAct
Technologies Incorporated a Delaware corporation, with offices at 7 Laser Lane,
Wallingford, CT 06492 ("VENDOR") sets out the terms and conditions under which
VENDOR will sell the Products and provide the Services described in this
Agreement and Attachments to GTECH.

1.       TERMS AND CONDITIONS

         1.1 Products. As used in this Agreement, "Products" means the thermal
printer, as well as the VENDOR's recommended spare parts, subassemblies,
operating supplies, maintenance kits, and options, if any, produced in
accordance with the specifications and any subsequent modifications authorized
in accordance with the terms of this Agreement attached hereto as Attachment 1
("Specifications").

         1.2 Services. As used in this Agreement, "Services" means the ancillary
services, if any, to be provided by VENDOR in accordance with the terms of this
Agreement including without limitation, those services described in Sections 12
and 13 of this Agreement.

         1.3 OEM Purchases. The Products purchased under this Agreement are
intended primarily for resale, rental or lease directly and indirectly to
GTECH's customers under trademarks and trade names selected by GTECH for use in
conjunction with GTECH systems. Products may also be used by GTECH and its
subsidiaries for their internal use.

         1.4 No Minimum Commitment; No Exclusivity. Unless otherwise specified
in Attachment 2, there is no minimum quantity of purchases under this Agreement.
VENDOR will furnish Products and Services on an as-ordered basis. It is
expressly understood and agreed that GTECH is not obligated to purchase any or
all of the Products and Services from VENDOR and that GTECH may manufacture
competitive Products and Services itself and/or procure competitive products and
services from other vendors.

         1.5 Spare Parts. VENDOR shall provide a Recommended Spare Parts List
("RSL") for all Products covered by this Agreement upon receipt of the first
production order. The RSL shall include all parts and assemblies necessary to
repair and maintain the Products purchased under this Agreement. The RSL shall
include a non-binding, best estimate forecast of parts that must be repaired
and/or replaced over the first three years of service. A separate RSL shall be
supplied for each product model or configuration, identifying all common parts.

             a. Non-Standard Spare Parts. If the Product contains a part not
readily available in the marketplace "Non-Standard Spare Parts"), VENDOR shall
make such part available to GTECH in accordance with Section 1.5(c).

             b. Emergency Stock. VENDOR shall maintain an adequate supply of
spare parts at its facility to support Priority Orders, as described in Section
2.3.

                                       5
<PAGE>
             c. Spare Part Support. VENDOR shall make all spare parts including
Non-Standard Spare Parts as described in Section 1.5(a) above, available during
the Term of this Agreement and for a period of five (5) years thereafter. In the
event VENDOR is unable to fill GTECH's Purchase Orders for spare parts promptly,
VENDOR shall make available, at no charge to GTECH, VENDOR's manufacturing
drawings and specifications, list of suppliers, and information necessary to
purchase and/or manufacture all parts and/or assemblies or subassemblies for the
parts that are not available from the VENDOR, and VENDOR shall be liable for the
difference between GTECH's cost of manufacture and VENDOR's sales price.

2.       ORDERING

         2.1 Purchase Orders. All purchases under this Agreement will be made
under purchase orders ("Purchase Orders") referencing this Agreement issued by
GTECH or by any subsidiary or affiliate of GTECH. Purchase Orders will be placed
directly with VENDOR and deemed accepted by VENDOR unless rejected in writing by
VENDOR specifying the reasons for rejection within fourteen (14) calendar days
after receipt of the Purchase Order. VENDOR may reject purchase orders only if a
Purchase Order does not comply with the terms and conditions of this Agreement.

         2.2 Lead Time. Unless otherwise agreed, Purchase Orders shall specify a
delivery date with the normal lead-time of sixty (60) calendar days ("Lead
Time"). If GTECH requests delivery to meet a special requirement, including but
not limited to the replacement of Products lost or damaged in shipment, VENDOR
will use all commercially reasonable efforts to expedite delivery; including,
without limitation, giving GTECH first priority with respect to all Products in
stock or on order, provided however, that GTECH shall not pay any additional
charges or costs for expediting unless such charges or costs have been accepted
in writing by GTECH. In the event that Products ordered within the Lead Time are
overdue for delivery to GTECH, VENDOR shall ship replacement Products to GTECH
at no cost to GTECH, and any premium airfreight charges shall be prepaid by, and
borne by VENDOR.

         2.3 Priority Orders. GTECH Purchase Orders for any and all spare parts
identified as "Priority Orders" shall be shipped within twenty-four (24) hours
after receipt by VENDOR.

         2.4 Rescheduling. Within 30 calendar days of scheduled delivery date,
GTECH may reschedule within the scheduled month. At 31-60 calendar days before
scheduled delivery date, an order may be rescheduled up to 30 calendar days
later than the scheduled delivery date, or the end of the calendar quarter,
whichever is greater. Each order may be rescheduled a maximum of two times, once
with each method listed in this section.

         2.5 Cancellation for Convenience. Within 60 calendar days calendar days
of scheduled delivery date, no cancellation is permitted. At 61+ calendar days
before scheduled delivery date, GTECH may cancel any or all Purchase Orders.

                                       6
<PAGE>
         2.6 Forecast. Any forecast, which may be provided, is a good faith
estimate of GTECH's anticipated requirements for the Products for the periods
indicated based on current market conditions and does not constitute a
commitment to purchase any quantity of Products or Services.

3.       SHIPPING, PACKAGING, AND DELIVERY

         3.1 F.O.B., Title, Risk of Loss. Unless otherwise agreed, delivery of
Products will be made F.O.B. VENDOR's dock at 20 Bomax Drive, Ithaca NY 14850.
Subject to proper packaging, title and risk of loss shall pass to GTECH upon
proper tender of the Products to the carrier. VENDOR will provide proof of
delivery upon request and will provide reasonable assistance to GTECH at no
charge in any claim GTECH may make against a carrier or insurer for misdelivery,
loss or damage to Products after title has passed to GTECH.

         3.2 Shipment. VENDOR will ship Products in accordance with GTECH's
instructions as specified in the Purchase Order. In the absence of any other
instructions, Products will be shipped by common carrier commercial land freight
for delivery in the continental United States and by ocean freight for
deliveries elsewhere, insurance and shipping charges collect.

         3.3 Packaging. VENDOR shall affix to the outside of each shipment a
list of contents, including serial numbers, to allow for review of contents upon
receipt. Products shall be packaged in accordance with GTECH's General Packaging
Specifications as specified in Attachment 5.

         3.4 International Shipments. If GTECH specifies delivery for
international shipment by GTECH or GTECH's freight forwarder, VENDOR will be
responsible for obtaining any necessary U.S. Department of Commerce export
licenses, permits or approvals. GTECH will be responsible for any licenses,
permits or approvals of the country of import.

         3.5 Early Arrival. GTECH reserves the right to reject Products arriving
at GTECH's facilities more than five (5) calendar days before the delivery date
specified in the Purchase Order.

4.       PRICE

         4.1 Unit Prices. All pricing will be specified in Attachment 2. All
pricing shall remain in effect for the Term of this Agreement and any extensions
thereafter.

         4.2 Price Reduction. VENDOR represents that the prices specified in
Attachment 2 are the lowest prices charged to any other customer of VENDOR
purchasing the same or lesser quantities of Products and/or Services under
similar terms and conditions. If at any time or times hereafter, VENDOR offers
Products and/or Services to any other customer on more favorable terms,
conditions or prices, VENDOR shall, at that time, offer the same terms,
conditions and prices to GTECH. If accepted by GTECH, such terms, conditions
and/or prices shall apply to all Products and Services purchased by GTECH for
the balance of the Term and any extensions thereafter.

         4.3 Price Reductions On Spare Parts And Repairs. In the event of a
price reduction on the Products covered under this Agreement, VENDOR agrees to
reduce the list price of all spare

                                       7
<PAGE>
parts on VENDORs' RSL, and the cost of repairs, by a percentage rate equal to
the reduction in the price of the Products. Any and all discounts that are
stated in Attachment 2 of this Agreement shall remain in effect, and may be
applied to all purchases made hereunder. The price reduction will apply to all
Purchase Orders for spare parts and repairs that are scheduled for delivery no
less than fifteen (15) calendar days after the effective date of the price
reduction.

5.       PAYMENT

         5.1      *

6.       TAXES AND DUTIES

         GTECH will pay as a separate invoiced item only such sales, use,
value-added or similar tax listed therein (all other taxes are excluded,
including, without limitation, taxes based upon VENDOR's net income), lawfully
imposed on the sale of the Products or provision of Services to GTECH. Taxes,
duties or like charges imposed on the Products after title has passed to GTECH
will be paid by GTECH unless such charges are the result of a trade sanction
imposed on VENDOR's Products, as specified in Section 21.2, below. In lieu of
taxes, GTECH may furnish to VENDOR a tax exemption certificate. VENDOR agrees to
provide reasonable assistance to GTECH, without charge, in any proceeding for
the refund or abatement of any taxes GTECH is required to pay under this Section
6.

7.       CHANGES

         7.1 Product Changes. VENDOR shall submit evaluation samples of all
Products changes that affect form, fit, function, maintainability,
repairability, reliability or appearance at least ninety (90) calendar days
before such changes are implemented. VENDOR shall forward (2) copies of all
requests to make the changes generally described above to: GTECH CORPORATION, 55
Technology Way, West Greenwich, RI 02817 Attention: Purchasing Agent. GTECH may,
at its option, decline to have such changes incorporated into the Products.
Proposed changes will not be incorporated into the Products until accepted in
writing by GTECH. GTECH shall make best effort to respond in writing to VENDOR
within fifteen (15) calendar days of GTECH's receipt of change notification. In
no event will GTECH ever be deemed to have accepted any change in the price or
delivery schedule without its prior written consent.

         7.2 GTECH Changes. GTECH may request changes in the Products at any
time or times during the Term of this Agreement. If such changes in the Products
will require changes in the prices and/or delivery schedule, VENDOR must respond
promptly with a written change proposal setting forth the changes in prices
and/or delivery schedule. Such proposal, when signed by an authorized
representative of GTECH, will become part of this Agreement. If VENDOR does not

* Confidential treatment requested

                                       8
<PAGE>
respond with a written change proposal within thirty (30) calendar days after
receipt of GTECH's request, such changes will be implemented without any
alternation in the price and/or delivery schedule. Such changes are and shall
remain the property of GTECH, and VENDOR may not use such changes or disclose
them to others without the prior written consent of GTECH.

         7.3 Enhancements, Successor Products. If during the Term of this
Agreement, VENDOR offers improvements, options, additional functionality or
other enhancements ("Enhancements") to the Products not available at the time
this Agreement is signed or other products which substantially replace the
Products ("Successor Products"), VENDOR will offer such Enhancements and/or
Successor Products to GTECH at prices *. If GTECH elects, in writing, to
purchase such Enhancements or Successor Products, the Enhanced Products or
Successor Products will be ordered separately from any orders which may be open
at that time. No substitutions will be made on open purchase orders with
delivery within sixty (60) calendar days lead-time.
  In any event, GTECH may, at its option, elect to continue to purchase Products
as originally specified for the Term of this Agreement and any extensions
thereafter.

8.       COOPERATION IN LOTTERY AND GAMING MARKET

         8.1 Transfer of Equipment. During the Term of this Agreement and any
extensions thereof, GTECH shall have the sole discretion as to whether to submit
proposals or bids for the sale, lease or other transfer of the Products to any
current or potential customer of GTECH or its affiliates, and as to whether such
a proposal or bid shall be submitted by GTECH, by VENDOR or jointly with other
parties. During the Term of this Agreement and any extensions thereof, VENDOR
shall not without GTECH's prior written consent, supply the Products provided
herein to any other person or entity for use in connection with the operation of
public or private on-line or in-lane lotteries in the U.S. or abroad.

         8.2 Non-Compete Clause. VENDOR further agrees that during the Term of
this Agreement and any extensions thereof, and for the one (1) year period after
the expiration or earlier termination but not if VENDOR has terminated this
Agreement pursuant to Section 21.3 hereof, VENDOR shall not directly or
indirectly, become engaged in, or financially interested in, any on-line or
in-lane lottery business which is in competition with the on-line or in-lane
lottery business of GTECH, its subsidiaries or affiliates; provided, however,
that (a) nothing contained herein shall prevent VENDOR from supplying products
or services to competitors of GTECH so long as such products or services do not
compete against GTECH's on-line or in-lane lottery business or (b) purposely and
knowingly engage in or participate in any effort or act to induce any of the
customers, or employees of GTECH or its affiliated companies to take any action,
which is in direct conflict with the on-line or in-lane lottery business of
GTECH, its subsidiaries or affiliates or (c) GTECH elects to purchase comparable
thermal printer products for Altura on-line terminal and no longer purchases
Product from VENDOR ; provided further, however, that the limitations of the
last sentence of Section 8.1, and of this Section 8.2 ,shall not apply from and
after the earlier to occur of (i) GTECH or an

* Confidential treatment requested

                                       9
<PAGE>
affiliated company enters into an agreement with a third party to purchase a new
comparable thermal printer that competes with VENDOR's Product, (ii) GTECH or an
affiliated company purchases a new comparable thermal printer that competes with
VENDOR's Product from a third party, or (iii) GTECH or an affiliated company
commences manufacturing (itself or under contract with a third party)a new
comparable thermal printer that competes with VENDOR's Product.

         8.3 VENDOR Outside Requirements. VENDOR agrees that it shall advise its
distributors outside the U.S. of the covenants and responsibilities set forth in
this Agreement.

9.       QUALITY AND RELIABILITY REQUIREMENTS

         9.1 Quality and Reliability Requirements. GTECH requires that the
VENDOR have in place at its manufacturing facility, adequate quality and
reliability safeguards to ensure that all Products shipped to GTECH meet or
exceed all parameters specified in the Product Specification, and that the
Product is not subject to any infant mortality.

         9.2 Reliability Plan. The VENDOR will submit to GTECH Quality Assurance
("QA") a reliability test plan for the Products, which will include the VENDOR's
reliability requirements based on the Products Specification and test schedule.
GTECH QA will review the reliability plan for the Product, provide comments and
approve the plan when satisfied that all design requirements will be adequately
tested.

         9.3 Reliability Test. The VENDOR will conduct a reliability test on the
Products to ensure that the Products meet or exceed all parameters specified in
the Product Specification. GTECH may participate and/or monitor the VENDOR's
reliability test on the Product at the VENDOR's facility.

         9.4 Reliability Test Report. The VENDOR will submit to GTECH QA a
formal reliability test report for the Products based on the results of the
Product reliability test. The reliability test report will contain all data
necessary to verify and confirm that the Products meet all the design
requirements identified in the Product Specification and any resultant design
changes and corrective action to resolve any test failures. GTECH QA must
approve the VENDOR's reliability test report before the VENDOR can be approved
to ship Products to GTECH.

         9.5 Vendor Survey. The VENDOR will allow GTECH to perform a vendor
survey at the VENDOR'S facility. This survey will include, but is not limited
to, an audit of the manufacturing process, reviewing the yields at each
inspection and test point in the manufacturing process, review of the on-going
reliability test data, Product design changes, corrective action, and field
reliability performance and repair data.

         9.6 Test Equipment and Procedure Correlation. The test equipment and
procedures used in the VENDOR's final inspection and test, will correlate with
the test

                                       10
<PAGE>
equipment and procedures used by GTECH. If correlation is not achieved within 30
calendar days prior to the first production shipment, the VENDOR agrees to
obtain additional test equipment and/or develop procedures that are capable of
correlation. Said test equipment and procedures will be mutually agreed upon by
both the VENDOR and GTECH Purchasing, QA and Test Engineering.

         9.7 Final Test and Inspection Data. The VENDOR will provide GTECH with
inspection and/or test data based on the mutually agreed upon test equipment and
procedures with each lot of Products delivered to GTECH. The VENDOR will make
final test and inspection data (yield information), on-going reliability test
data, field reliability performance data, and repair data available at the
request of GTECH throughout the life of the Products.

         9.8 Source Inspection. The VENDOR will allow GTECH (or its
representatives) to perform source inspection at their facility, using mutually
agreed upon test equipment and procedures. It is GTECH's plan to source inspect
the initial lots of Products scheduled for shipment from VENDOR's manufacturing
facility to GTECH production or field sites. To do this in a timely fashion, the
VENDOR will notify GTECH (or its representative) that source inspection is
available at least one week prior to the requested source inspection date.
Source inspection activity will continue, at the discretion of GTECH QA.

         9.9 Receiving Inspection. GTECH plans to conduct receiving inspection
and test on all OEM components. GTECH will 100% inspect and test the first seven
(7) consecutive lots of VENDOR Products for visual, mechanical, electrical and
other types of compliance as specified. After the initial seven (7) lots have
been qualified, GTECH plans to conduct receiving inspection using MIL-STD-105E,
General Inspection Level I, with an AQL of 1.0 for normal sampling inspection.
If Product performance fails to meet this level of compliance at receiving
inspection, GTECH may (a) recover all costs associated with continued
unacceptable quality by taking a credit against the purchase price of the
Products or (b) allow VENDOR the option of providing timely resources on-site at
GTECH to correct the unacceptable quality condition. These costs are typically
related to sorting, testing, packaging, handling, freight and source inspection
expenses in support of receiving and in-process inspection and test.

         9.10 Field Reliability Reporting. The VENDOR agrees to supply GTECH QA
with field reliability performance data for the Products purchased by GTECH. The
field reliability data is to be structured in the following manner (or
equivalent) and made available on electronic mail:

                       VENDOR FAILURE ANALYSIS SPREADSHEET

<TABLE>
<CAPTION>
 PRODUCT    DATE    RETURN     RETURN       INITIAL      DATE         REPAIR                      CORRECTIVE    RMA   SHIP
 SER. NO.  RECV'D   SOURCE     REASON       FINDINGS   ANALYZED      PERFORMED     ROOT CAUSE    ACTION TAKEN   NO.   DATE
 --------------------------------------------------------------------------------------------------------------------------
<S>        <C>      <C>        <C>          <C>        <C>           <C>           <C>           <C>            <C>   <C>

</TABLE>

                                       11

<PAGE>

         9.11 Failure Analysis and Corrective Actions. The VENDOR agrees to
supply, within 15 calendar days, written notice of non-conformance, written
failure analysis and corrective actions for any in warranty devices failing to
meet any and all form, fit, function, quality or reliability requirements called
out in the Products Specification.

         9.12 GTECH's Rights with Respect to Non-Conforming Goods. The testing
procedures available to GTECH are discretionary and not mandatory. In the event
GTECH chooses not to perform any or some portion of such testing, or such
testing would not reasonably reveal a non-conformance in the Products, GTECH
reserves its right under the Uniform Commercial Code to reject any shipment of
Products and to purchase similar Products and be immediately reimbursed by the
VENDOR for the difference between the cost of such Products and the VENDOR's
Products.

         9.13 Failures of consequence. If GTECH's customers world-wide
experience excessively high failure rates (> or equal to 20% annualized) during
the warranty period in any given jurisdiction that is determined by both parties
to be VENDOR's responsibility, GTECH may recover all costs associated with this
unacceptable Product performance by taking credit against the purchase price of
the Product or VENDOR can, at its discretion assume all costs directly by
providing required support services to repair, upgrade or replace defective
Product in a timely manner to GTECH satisfaction. These additional costs are
typically related to screening, sorting, testing, packaging, handling by a third
party and airfreight to expedite any of these activities.

10.      INSURANCE

         10.1 Vendor Insurance Coverage. VENDOR shall purchase and maintain
throughout the life of this Agreement, such insurance as will protect it and
GTECH from claims set forth below which may arise out of or result from the
VENDOR's operations under this Agreement whether such operations be by it or by
any subcontractor or by anyone for whose acts any of them may be liable. VENDOR
shall cause GTECH to be additional insured under all coverages except Workers'
Compensation. Appropriate endorsements will be attached to state that the
VENDOR's policy will be primary to any other policies that may be in effect.

         10.2 General Liability. Policy will provide a minimum of $2,000,000 per
occurrence for Products and Completed Operations.

                                       12
<PAGE>
         10.3 Proof of Insurance. Evidence of said insurance will be in the form
of a certificate of insurance and will be provided within ten (10) calendar days
from the date of this Agreement. Notification to GTECH will occur within thirty
(30) calendar days of any cancellation or material change in coverage. In the
event of a failure to furnish such proof or the cancellation or material change
of such insurance, without prejudice to any other remedy GTECH may have, GTECH
may terminate this Agreement, or at its option, charge the cost of required
insurance to the VENDOR. Coverage will be in effect with insurance carriers
licensed to do business in any state that the VENDOR will perform its services
and will be rated no less than A by the AM Best Company. All Certificates of
Insurance are to be forwarded to: GTECH Corporation, 55 Technology Way, West
Greenwich, RI 02817. ATTN: Risk Management Department.

         10.4     *

11.      INDEMNITY

         In addition to, and not in limitation of, any other indemnifications,
warranties and covenants set forth herein, VENDOR hereby agrees to indemnify and
hold GTECH harmless with respect to any and all costs, expenses and liability,
including without limitation reasonable attorney's fees, arising out of any
claim or action based on a failure of the Products or Services to meet the
specifications set forth herein, or the failure of the VENDOR to meet any of its
obligations hereunder.

         VENDOR shall defend, indemnify and hold GTECH, its subsidiaries,
affiliates, distributors and customers harmless from any and all costs, expenses
and liability, including reasonable attorney's fees, arising out of any claim or
action based on actual or alleged infringement by the Products or any patent,
copyright, trade secret or other proprietary interest related to such Products.
GTECH shall give VENDOR prompt written notice of any claim or action and shall
provide reasonable assistance, at VENDOR'S expense, in defending any such claim
or action. If an injunction is issued which prohibits the use or sale of the
Products by reason of any matter covered by this Section 10, then VENDOR shall,
at its expense, either: (a) procure for GTECH, its subsidiaries, affiliates,
distributors and customers the right to continue using the Products; (b) modify
the Products so they become non-infringing; (c) substitute equivalent
non-infringing products; or, (d) if neither (a) through (c) are reasonably
available, GTECH may return the Products to VENDOR and VENDOR will refund the
purchase price to GTECH less depreciation based upon the straight line method
and a product life of five (5) years.

         Notwithstanding the foregoing, VENDOR shall have no liability to GTECH
for actual or claimed infringement arising out of: (a) compliance with detail
designs, plans or specifications furnished by GTECH unless such infringement
would arise independent of such designs, plans or specifications; (b) use of the
Products in combination with other equipment or software not reasonably
contemplated by VENDOR; or, (c) use of the Products in any process not
reasonably

* Confidential treatment requested

                                       13
<PAGE>
contemplated by VENDOR. VENDOR acknowledges that the Specifications in
Attachment 1 is not a "specification" which excuses or releases VENDOR from
performing its indemnity and other obligations hereunder.

12.      REPAIR SUPPORT

         12.1 Repair Orders. In addition to VENDOR's obligations under Section
14, VENDOR agrees to repair all `in warranty' and `out of warranty' failures
within * from the receipt of the Products, or else replace such Products with
new Products that shall conform to the Specifications.

         12.2 International Repair and Support. VENDOR will identify or
establish international repair locations as required by GTECH and within ninety
calendar days of written notice by GTECH of new jurisdictional requirements to
support the repair of Products and subassemblies. In the event that those
international facilities are not wholly owned subsidiaries of the VENDOR, then
VENDOR shall procure for GTECH the right to have repairs on the Products
performed at the international locations whether the failure occurs within the
warranty period as specified in Section 14 or otherwise. If VENDOR fails to
comply with this section 12.2, *.

         12.3 Failure Analysis. VENDOR shall provide a failure analysis on
Products that are returned for repair under warranty. On serialized Products,
repair data shall be provided for each serialized unit returned. VENDOR shall
provide general failure data on out of warranty returns.

         12.4 Repair Capabilities. GTECH reserves the right to repair any of the
assemblies, subassemblies, or other items comprising the Products purchased
under this Agreement. VENDOR will supply GTECH with the necessary support to
repair the Products, including the information listed under Sections 12.3, 12.5,
12.6, 12.7 and 12.8.

         12.5 Test Equipment. VENDOR shall make available to GTECH, upon written
request by GTECH, any test procedures, special tools, jigs, fixtures,
diagnostics, programs, test equipment or supplies necessary to repair the unit,
any of the assemblies, subassemblies, piece parts, components, or other items
comprising the Products purchased under this Agreement to component level. GTECH
agrees to pay reasonable costs to VENDOR for hardware test equipment only. Other
items such as procedures, schematics diagnostics, programs etc. will be made
available at no charge.

         12.6 Qualified Vendor List. Upon production release, VENDOR shall
supply GTECH with a qualified vendor list (QVL) for all components used in the
Products purchased under this Agreement. This QVL shall include the component
manufacturers and vendors along with the corresponding part numbers for all
components used in the Product, any of the assemblies, subassemblies, piece
parts, components, or other items comprising the Products purchased under this
Agreement. Updates to this list shall be forwarded to GTECH CORPORATION, 55

* Confidential treatment requested

                                       14

<PAGE>
Technology Way, West Greenwich, RI 02817 Attention: Procurement Agent
Responsible for this Commodity.

         12.7 Diagnostics. VENDOR shall provide to GTECH its diagnostics, test
programs and test routines, necessary to repair to component level, the unit,
any of the assemblies, subassemblies, piece parts, components, or other items
comprising the Products purchased under this Agreement.

         12.8 Documentation. In consideration of the purchase of Products under
this Agreement, and at no additional cost, VENDOR hereby grants onto GTECH the
unlimited right to use, reprint, and distribute VENDOR's Product manuals and
documentation ("Documentation"), including but not limited to user's manuals,
schematics, maintenance, theory of operation and troubleshooting guides, and any
other Documentation that VENDOR shall make available during the Term of this
Agreement. Upon request, VENDOR shall provide camera-ready copies of the
Documentation to GTECH at no additional charge. GTECH agrees to display
copyright notices in accordance with VENDOR's reasonable written instructions.

13.      TRAINING

         13.1 Initial Training. VENDOR agrees to provide, at no charge to GTECH,
three (3) training classes with up to twelve (12) students per class at a
GTECH-designated site during the term of this Agreement. Pursuant to the above,
GTECH shall: (1) reimburse VENDOR for instructor's reasonable transportation and
living expenses and, (2) provide equipment (or reimburse VENDOR for equipment
transportation) as required to support training classes. VENDOR shall provide
the instructor and instructional materials for the above referenced classes.
Training classes may be video taped for future use by GTECH.

         13.2 Component Level Training. VENDOR shall provide at no charge to
GTECH, such training necessary to enable GTECH to repair to a component level
(i.e. resistor, capacitor, integrated circuit) the unit, any of the assemblies,
subassemblies, or other items comprising the Products purchased under this
Agreement. A minimum of one (1) of the training classes described in Section
13.1 shall consist of Component Level Training.

         13.3 Future Training. GTECH may schedule a maximum of three (3)
students per quarter in VENDOR's regularly scheduled class, at VENDOR's
location, during the Term of this Agreement. If no regularly scheduled classes
are conducted, then GTECH may request VENDOR to conduct one (1) class per year
in which GTECH may schedule a maximum of six (6) students.

14.      WARRANTIES

          14.1 VENDOR Standards. VENDOR represents and warrants that all
Products delivered to GTECH under this Agreement will comply with applicable
U.L, CSA, CE, TUV and VDE standards and will comply with the applicable FCC
rules for the type of Products involved, including type acceptance or
certification where required. VENDOR will obtain and maintain at its own expense
all applicable listings, certifications and approvals in VENDOR's name. VENDOR

                                       15
<PAGE>

will provide all necessary information and assistance to GTECH with respect to
listings, certifications and approvals that are required to be in GTECH's name.

         14.2 Authority. VENDOR warrants that: (a) it has the right to enter
into this Agreement; (b) all necessary actions, corporate and otherwise, have
been taken to authorize the execution and delivery of this Agreement and the
same is the valid and binding obligation of VENDOR; (c) all licenses, consents
and approvals necessary to carry out all of the transactions contemplated in
this Agreement have been obtained by VENDOR; and (d) VENDOR'S performance of
this Agreement will not violate the terms of any license contract, note or other
obligation to which VENDOR is a party.

         14.3 Title; Infringement. VENDOR warrants that: (a) it has and shall
pass to GTECH good title to the Products free and clear of all liens and
encumbrances; (b) the Products do not infringe any patent, trademark or
copyright or otherwise violate the rights of any third party; (c) no claim or
action is pending or threatened against VENDOR or, to VENDOR's knowledge,
against any licenser or supplier of VENDOR that would adversely affect the right
of GTECH or any customer of GTECH to use the Products for their intended use.

         14.4 Conformance; Defects. Unless otherwise specified in Attachment 1,
VENDOR warrants that the Products will: (a) be new; (b) conform to the
Specification; (c) be free from defects in materials and workmanship for a
period of twenty-seven (27) months from shipment to GTECH. Upon written notice
from GTECH of a Product or part that fails to meet the foregoing warranty,
VENDOR will promptly repair or replace such Products within five (5) calendar
days of receipt by VENDOR of the failed or non-conforming Products or spare
parts.

         14.5 Freight Costs on Repairs. All Products returned to VENDOR for
repair under warranty shall be shipped to VENDOR by standard ground service, *.

         14.6 Freight Charges on Non-Warranty Repairs. Freight charges directly
associated with the repair of non-warranty products and/or spare parts shall be
borne by GTECH.

         14.7 Warranty Terms. VENDOR shall detail all pertinent information upon
production release in Attachment 4.

15. TOOLING

         15.1 Any tooling purchased by GTECH for the manufacture of the Products
("Tooling"), whether kept at GTECH's, VENDOR's or VENDOR's vendor's premises
shall remain the property of GTECH for GTECH's exclusive use. The Tooling
purchased by GTECH and used by VENDOR in the manufacture of the Products shall
be stored and maintained by VENDOR but may be removed from the VENDOR's location
at any time by GTECH, without notice, and at no additional

* Confidential treatment requested

                                       16
<PAGE>
cost to GTECH. VENDOR shall take such steps to protect GTECH's title to the
Tooling as GTECH may reasonably request. At a minimum, VENDOR shall cause a sign
to be affixed to such tooling stating "Property of GTECH Corporation". VENDOR
will immediately notify GTECH of any change in the location of the tooling.

16.      FORCE MAJEURE

         For the purposes of this Agreement, a "Force Majeure" shall mean an
event or effect that cannot be reasonably anticipated or controlled, including
but not limited to an action of the elements, or any other cause which, by the
exercise of reasonable diligence, said Party is unable to prevent. Neither GTECH
nor VENDOR shall be liable to the other for any delay in or failure of
performance under this Agreement due to a "Force Majeure" occurrence provided
that the Party claiming Force Majeure notifies the other in writing within five
(5) calendar days of the commencement of the codition preventing its performance
and its intent to rely theron to extend the time for its performance of this
Agreement.

17.      CONFIDENTIALITY

         VENDOR acknowledges and agrees that all documents, data, software or
information in any form which are provided by GTECH (hereinafter "Confidential
Information") is the property of GTECH. VENDOR will receive and maintain all
Confidential Information in the strictest confidence and, except as provided
herein, shall not use Confidential Information for its own benefit or disclose
it or otherwise make it available to third parties without the prior written
consent of GTECH. VENDOR agrees to limit the use of Confidential Information to
only those of its employees who need the Confidential Information for the
purpose of this Agreement and to advise all of its employees of GTECH's rights
in the Confidential Information. Nothing in this Agreement shall be construed as
granting or conferring any rights by license or otherwise in any Confidential
Information, trademarks, patents or copyrights of GTECH, except for the limited
purposes of VENDOR's performance hereunder. Confidential Information does not
include information which is: (a) in the public domain; (b) already known to the
Party to whom it is disclosed (hereinafter "Recipient") at the time of such
disclosure; (c) subsequently received by Recipient in good faith from a third
party having prior right to make such subsequent disclosure; (d) independently
developed by Recipient without use of the information disclosed pursuant to this
Agreement; or (e) approved in writing for unrestricted release or unrestricted
disclosure by the Party owning or disclosing the information (hereinafter
"Discloser"). In the event either VENDOR is required or legally compelled to
disclose any of the Confidential Information as a result f a legal process or
pursuant to governmental action, the VENDOR shall give prompt written notice to
GTECH so that GTECH may seek a protective order or other appropriate remedy
and/or waive compliance with the provisions of this Agreement. At the request of
a Discloser, and in any event upon the expiration or other termination of this
Agreement, each Recipient shall promptly deliver to Discloser all products,
components and equipment provided by Discloser as well as all records or other
things in any media containing or embodying Discloser's Confidential Information
within its possession or control which were delivered or made available to each
Recipient during or in connection with this Agreement, including any copies
thereof.

                                       17
<PAGE>

18.      PUBLIC ANNOUNCEMENTS

         VENDOR agrees not to make any public announcements regarding this
Agreement or to disclose any of the terms and conditions hereof to any third
party without prior written consent of GTECH.

19.      NOTICES

         All notices required or contemplated by this Agreement shall be deemed
effective if written and delivered in person or if sent by registered mail,
return receipt requested, to GTECH at the address shown above to the attention
of GTECH's Representative or to VENDOR at the address shown above to the
attention of VENDOR's Representative; or such other persons or addresses as may
hereafter be designated by the respective Parties. A copy of all Notices sent to
GTECH shall be addressed to the Office of General Counsel at the address shown
above.

20.      ASSIGNMENT

         This Agreement and the disclosure of Confidential Information hereunder
are made in reliance upon VENDOR's reputation, skill and expertise. VENDOR
agrees not to assign this Agreement or any right or obligation hereunder without
the prior written consent of GTECH in each instance. Any attempted assignment
shall be void. This covenant not to assign without consent shall include
assignments to parents or subsidiaries of VENDOR or any transfer of a majority
interest in VENDOR. The consent by GTECH to any assignment shall not constitute
a waiver of the need for consents for any further assignments. GTECH may not
unreasonably withhold consent to an assignment, and shall restrict its basis for
withholding consent to the proposed assignee's status as a competitor to GTECH,
an entity of inferior financial status to VENDOR or an entity whose business
practices are such that the likelihood of breach is increased.

         GTECH may assign its rights and/or obligations hereunder, in whole or
in part, to any parent or subsidiary corporation, or any affiliate, without the
consent of, but upon notice to, VENDOR.

21.      TERM AND TERMINATION

         21.1 Term. This Agreement will commence on the 28th day of June 2002
("Effective Date"), and shall continue for five (5) years ("Term") unless
terminated earlier as provided in this Agreement. Unless either Party notifies
the other in writing at least ninety (90) calendar days before the end of the
Term of its intent to terminate this Agreement at the end of the Term, this
Agreement will be extended automatically and will continue in effect without any
volume commitment until terminated by either Party on ninety (90) calendar days
prior written notice. Unless otherwise agreed in writing, the prices for the
Products during any such extension shall be the same prices in effect at the end
of the Term.

         21.2 Termination by GTECH. GTECH may terminate this Agreement at any
time if (a)

                                       18
<PAGE>
*; (b) VENDOR, or VENDOR's parent or a wholly owned subsidiary of VENDOR, is the
subject of trade sanctions by the United States government, or any other
government, or quasi-governmental agency which materially affects GTECH's
ability to sell, lease, or maintain the Product; (c) VENDOR attempts to assign
this Agreement or any obligation hereunder without GTECH's consent; (d) any
assignment is made of VENDOR's business for the benefit of creditors, or if a
petition in bankruptcy is filed by or against VENDOR and is not dismissed within
ninety (90) calendar days, or if a receiver or similar officer is appointed to
take charge of all or part of VENDOR's property, or if VENDOR is adjudicated a
bankrupt; or (e) the Products are infringing and the VENDOR is unable to procure
a right for GTECH to continue to use the Products as set forth in Section 11
hereof.

         21.3 Termination by VENDOR. VENDOR may terminate this Agreement if: (a)
GTECH fails to perform any of its obligations hereunder and such condition has
not been cured within thirty (30) calendar days of written notice thereof by
VENDOR; provided that, VENDOR may not terminate this Agreement for reason of
non-payment by GTECH of any disputed amounts, or (b) if any assignment is made
of GTECH's business for the benefit of creditors; or, (c) if a petition in
bankruptcy is filed by or against GTECH and is not dismissed within ninety (90)
calendar days, or if a receiver or similar officer is appointed to take charge
of all or part of GTECH's property, or if GTECH is adjudicated a bankrupt.

         21.4 Obligations of Termination. Upon expiration or termination ofthis
Agreement for any reason, VENDOR shall promptly deliver to GTECH all tools,
equipment, software documentation and other materials furnished to VENDOR by
GTECH hereunder. VENDOR's obligations under Sections 2, 8, 9, 10, 11, 12, 14,
17, 18, 20, 21 and 24 hereof shall survive expiration or earlier termination of
this Agreement or its extensions regardless of the manner of termination.

22.      CONFLICTING PROVISIONS

         In the event of a conflict between the terms and conditions of this
Agreement and the terms and conditions of any Purchase Order, typewritten terms
added by GTECH on a Purchase Order shall control the terms and conditions of
this Agreement, and the terms and conditions of this Agreement shall control the
printed terms and conditions on any Purchase Order. Typewritten terms added by
GTECH on any individual purchase order shall apply only to the Products and/or
Service ordered under such individual Purchase Order. The terms and conditions
of this Agreement and, if applicable, the typewritten terms and conditions added
by GTECH on any Purchase Order shall prevail over any inconsistent terms and
conditions contained in any VENDOR acknowledgment or invoice.

         Notwithstanding any permitted assignment, VENDOR shall remain
responsible for the full performance of all of the terms and conditions of this
Agreement.

23.      MANUFACTURING RIGHTS     Attachment 7 will govern Manufacturing Rights.

* Confidential treatment requested

                                       19
<PAGE>
24.      MISCELLANEOUS

         This Agreement and Attachments and Purchase Orders issued and accepted
hereunder set forth the entire understanding of the Parties with respect to the
Products and merges all prior written and oral communications relating thereto.
It can be modified or amended only in a writing signed by a duly authorized
representative of each Party. Section headings are provided for the convenience
of reference only and shall not be construed otherwise.

         No failure to exercise, or delay in exercising, on the part of either
Party, any right, power or privilege hereunder shall operate as a waiver
thereof, or will any single or partial exercise of any right, power or privilege
hereunder preclude the further exercise of the same right or the exercise of any
other right hereunder.

         This Agreement is made pursuant to and shall be governed by the laws of
the State of Rhode Island, without regard to its rules regarding conflict of
laws. The Parties agree that the courts of the State of Rhode Island, and the
Federal Courts located therein, shall have exclusive jurisdiction over all
matters arising from this Agreement.

         IN WITNESS WHEREOF, THE PARTIES HERETO HAVE EXECUTED THIS AGREEMENT ON
THE DATES MENTIONED BELOW.

<TABLE>
<CAPTION>
VENDOR                                                               GTECH CORPORATION
<S>                                                                  <C>
By       /s/ Bart C. Shuldman                                        By     /s/ William Middlebrook
   -------------------------------------------                         --------------------------------------------
Print    Bart C. Shuldman                                            Print  William Middlebrook
     -----------------------------------------                            -----------------------------------------
Title    Chairman, President and CEO                                 Title  Vice President Technology  Operations
     -----------------------------------------                            -----------------------------------------
Date     July 2, 2002                                                Date   July 2, 2002
    ------------------------------------------                           ------------------------------------------

By                                                                   By
  --------------------------------------------                         --------------------------------------------
Print                                                                Print
     -----------------------------------------                            -----------------------------------------
Title                                                                Title
     -----------------------------------------                            -----------------------------------------
Date                                                                 Date
     -----------------------------------------                           ------------------------------------------
</TABLE>

                                       20
<PAGE>
                                  Attachment 1

                              Product Specification
                            Thermal Printer GLP305/SA

                                53-0133-00 rev B

                                       21
<PAGE>
                                  Attachment 2

                                     Pricing

                        Unit Price for any quantity is $*

* Confidential treatment requested

                                       22
<PAGE>
                                  Attachment 3

                               Spare Parts Pricing

VENDOR will provide GTECH with a complete spare parts list with prices within
six (6) months of first production shipment. *.

   * Confidential treatment requested

                                       23
<PAGE>
                                  Attachment 4

                              Warranty information

                          ASSY THRM PTR GLP305SA RS232/RS485

VENDOR will provide GTECH with a flat rate price quotation for out of warranty
printer repairs upon request, no earlier than six (6) months after first
production shipments. The price for flat rate repair will not exceed $* per
printer regardless of repair action.

<TABLE>
<CAPTION>
      GTECH Part Number               GLP305SA
      -----------------               --------
<S>                                   <C>
      GTECH Part description
      Vendor Part Number              GLP305SA

      Manufacturer                    TransAct Technologies

      Vendor Address                  20 Bomax Drive
                                      Ithaca, NY  14850

      Vendor repair location(s)       TransAct Technologies
                                      20 Bomax Drive
                                      Ithaca, NY  14850

      RMA Contact Person              Name - David Heiden
                                      Tel -607-257-8901
                                      Fax - 607-257- 3911
                                      Email dheiden@transact-tech

      Manufacturer's Part Number      GLP305SA

      Warranty                        27 months from date of shipment
                                      from Transact

      How to read manufacturer date   On serial number plate, a letter
      code                            followed two numbers.  Letters
                                      A-L correspond to the months of the year
                                      (A = January, B= February etc.) numerals
                                      are for the year (02 = 2002, 03 = 2003
                                      etc.). Warranty status is determined by
                                      serial number.

      Out of Warranty repair cost     To be quoted by VENDOR as noted
                                      above

      Turn-around time for repair     Twenty (20) calendar days from
                                      receipt of Product

      Procedure for requesting an     Call, email or fax RMA request to
      RMA and returning the material  Ithaca Tech Support.  GTECH
      for repair or replacement       contact should be prepared with
                                      printer serial number and an
                                      explanation of the problem.
</TABLE>

 * Confidential treatment requested

                                       24
<PAGE>
                                  Attachment 5

                        General Packaging Specifications

The shipping container shall be designed to meet GTECH packaging specification
96-0321-01

                                       25
<PAGE>
                                  Attachment 6

                                     Tooling

                   There is no GTECH owned tooling in this Product.

                                       26
<PAGE>
                                  Attachment 7

                              Manufacturing Rights

1. Manufacturing Documentation Package. * of placement of GTECH's first Purchase
Order for production volume of Products, VENDOR agrees to deliver to GTECH, or
to a mutually agreed upon escrow agent, all of the documentation and other
information used by VENDOR and required to manufacture, test, maintain and
support the Products (herein, the "Manufacturing Package") including, without
limitation, the full and complete schematic diagrams, assembly drawings,
structured Bills of Materials, printed circuit board artwork, parts and vendor
lists, test specifications, assembly aids and software in both machine readable
source and object forms. As a part of the Manufacturing Package, VENDOR also
agrees to provide unrestricted access to and joint control of vendor toolings,
agency approval files (FCC, UL, CSA, VDE, etc.), a complete description of any
special tools, fixtures and test equipment that are required but are not readily
available in the marketplace. Neither GTECH nor escrow agent will have any right
to use the "Manufacturing Package" except as set forth in Section 3 below or as
otherwise authorized by VENDOR.

2. Updates; Verification; Expenses. VENDOR agrees to update the "Manufacturing
Package" as necessary to keep the package current with the latest version of the
Products delivered to GTECH under this Agreement. If the "Manufacturing Package"
is delivered to any person or entity other than GTECH, GTECH shall have the
right to inspect the package to verify the contents of the "Manufacturing
Package" and VENDOR's compliance with this Section. VENDOR will pay all costs
and expenses of any kind associated with the preparation and maintenance of the
"Manufacturing Package", as well as any fees of any person other than GTECH
holding the "Manufacturing Package".

3. Right to Manufacture. If any one or more of the following events occurs,
GTECH shall have the right, including the rights under any of the VENDOR's
applicable patents and copyrights, to use the "Manufacturing Package" to
manufacture or have manufactured the Products. When triggered by events under
sections e.) or f.) below, GTECH shall have the right, including the rights
under any of the VENDOR's applicable patents and copyrights, to use the
"Manufacturing Package" to manufacture or have manufactured the Products for a
period not to exceed one year from the occurrence of the triggering event.

      a.)   VENDOR ceases doing business as an entity or is finally adjudicated
            a bankrupt under Chapter 7 of the Bankruptcy Act or any similar or
            successor provision for the liquidation or dissolution of VENDOR;

      b.)   A petition in bankruptcy is filed by or against VENDOR and is not
            dismissed within ninety (90) calendar days thereafter or if a
            receiver, trustee in bankruptcy or similar officer is appointed to
            take charge of all or a substantial part of VENDOR's property;

      c.)   If GTECH has a commercially reasonable and documented basis for
            believing that

      * Confidential treatment requested

                                       27
<PAGE>
            VENDOR has become unable to materially perform the material
            provisions of this Agreement and VENDOR fails to provide GTECH
            commercially reasonable assurances of future performance * of
            GTECH's request for such assurances (which request will specify the
            assurances required);

      d.)   VENDOR assigns this Agreement in violation of Section 20 of this
            Agreement; or

      e.)   VENDOR has materially breached any material provision of this
            Agreement and failed to cure such breach * after receiving written
            notice of such breach from GTECH.

      f.)   VENDOR has materially failed to fulfill its delivery obligations,
            including but not limited to, repeated late deliveries. GTECH will
            notify VENDOR in writing that GTECH intends to exercize this
            clause. GTECH shall not have the right to manufacture pursuant to
            this clause if VENDOR, during * after receipt of notification, takes
            commercially reasonable steps to correct the recurrence of delivery
            problems to the reasonable satisfaction of GTECH.

Except as provided in this Section or as otherwise authorized by VENDOR, neither
GTECH nor the escrow agent shall have any right to use the "Manufacturing
Package" for any purpose and this Attachment 7 shall not be construed as a
transfer or assignment of VENDOR's intellectual property rights, except as
specifically necessary for the manufacture and sale of the Products under this
Agreement.

* Confidential treatment requested

                                       28

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00041-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00041-of-00352.parquet"}]]