Document:

EX-10.1

AMENDMENT NO. 1 TO THE

BRAND LICENSE AND ONLINE CASINO OPERATING AGREEMENT

THIS AMENDMENT NO. 1 (“Amendment”), is made and entered into as of July 10, 2006 (the
“Effective Date”) by and between WPT Enterprises, Inc., a Delaware corporation, with its principal
place of business at 5700 Wilshire Boulevard, Suite 350, Los Angeles, CA 90036 (“WPT”), and
WagerWorks Alderney 3 Limited, an Alderney company (“WagerWorks”), and a wholly owned subsidiary of
WagerWorks, Inc., a Delaware corporation, with its principle place of business at 71 Stevenson
Street, Suite 1200, San Francisco, CA 94105 (each of WPT and WagerWorks a “Party” and,
collectively, the “Parties”).

RECITALS

WPT and WagerWorks are parties to the Brand License and Online Casino Operating Agreement,
dated as of January 19, 2005 (“Agreement”).

The Parties wish to amend certain terms and provisions of this Agreement.

AGREEMENT

NOW, THEREFORE, in consideration of the premises and mutual covenants in this Amendment, and
for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties agree as follows:

1. DEFINITIONS. Capitalized terms not defined within this Amendment, when used
in this Amendment, have the respective meanings set forth on Schedule 1 of the Agreement,
incorporated herein by this reference.

2. AMENDMENT. The Agreement is hereby amended as follows:

2.1. Section 2.3 Re Exclusivity. Section 2.3 of the Agreement is hereby
deleted in its entirety and replaced as follows:

“During the Term, WPT will not operate, or enter into any other operating agreements with
any other person or entity for the purpose of hosting or operating, a “World Poker Tour”
branded commercial Gaming Internet site (i.e., a “World Poker Tour” branded Internet Gaming
site that shares revenue for Gaming operations with WPT). Notwithstanding anything to the
contrary, the Parties agree that the exclusivity restrictions set forth herein shall not
apply to:

(i) any “World Poker Tour” branded Internet site that provides skill based games (as
opposed to games with random based outcomes), provided, however, that the
exclusivity restrictions set forth in this Section 2.3 shall be applicable to “World Poker
Tour” branded Internet Gaming sites that provide poker Gaming, despite the fact that poker
is a skill based game;

(ii) any Internet site owned or operated by WPT that offers multi-play poker Gaming
using the software application licensed to WPT by CyberArts Licensing, LLC; and

(iii) multi-play poker Gaming offered by WPT via cellular phones using the software
application provided by 3G Scene, Limited.

For purposes of clarity, any other reference in the Agreement to the provisions of Section 2.3
shall not be read to suggest any type of exclusivity restrictions for poker operations except as
expressly set forth in Section 2.3, as amended by this Amendment.

3. Cessation of Operation of the WPT Poker Room and Freeplay Site.
Notwithstanding the Term of this Agreement WagerWorks shall terminate its operation and hosting of
the WPT Poker Room (i.e., www.wptonline.com) upon the earlier to occur of: (i) August 1,
2007; (ii) thirty (30) days following receipt by WagerWorks of a request by WPT to terminate
operating the WPT Poker Room; or (iii) sixty (60) days following notice by WagerWorks to WPT that
it will terminate operating the WPT Poker Room. Promptly following execution of this Amendment,
WPT will use commercially reasonable efforts to commence operating, or engage a third party to
operate, the freeplay site at www.wptonline.net, which freeplay site was developed and is
operated pursuant to the WPT Supplement Free Play Site Solution, dated June 27, 2005 (the “Freeplay
Site Supplement”). WagerWorks will continue to host the freeplay site until the earlier to occur
of: (x) WPT commencing operation of, or a third party on WPT’s behalf commencing operation of, the
freeplay site or its equivalent; (y) receipt by WagerWorks of a request by WPT to terminate
operating the freeplay site; or (z) October 31, 2006. Upon request, WagerWorks will transfer the
freeplay site customer database to WPT or its third party provider in a mutually agreed upon
format, and will provide commercially reasonable assistance necessary to transition operation of
the freeplay site. Upon WagerWorks ceasing operation of the freeplay site WagerWorks will refund
to WPT an amount equal to the hardware costs actually paid by WPT to WagerWorks as contemplated in
the Freeplay Site Supplement, reduced by the pro-rata amount contemplated in the event of WPT’s
abandonment of the freeplay site pursuant to the Freeplay Site Supplement (i.e., WagerWorks will
refund a portion of the hardware costs actually paid by WPT to WagerWorks for the freeplay site
system based on a 36-month straight line depreciation schedule of the equipment at the time of
abandonment).

4. Section 6.3 Re: Participation. The second sentence of Section 6.3 of the
Agreement is hereby amended as follows, such that, solely for the WPT Poker Room, WagerWorks shall
be entitled to an amount of revenue equal to 75% (i.e., instead of 25% as previously stated) and
shall pay an amount of Poker Participation to WPT equal to 25% (i.e., instead of 75% as previously
stated):

“Additionally, WagerWorks shall collect all revenues from the operation and exploitation of
the WPT Poker Room, shall retain an amount equal to 75% of the “Net Poker Revenue” (as
defined in Section 6.3.3. hereof), and shall pay an amount equal to 25% of the Net Poker
Revenue to WPT (such amounts payable to WPT, the “Poker Participation”, and together with
the Gaming Participation, the “Participations”).

5.  Effect on Agreement. Except as otherwise herein expressly amended and
supplemented, the Agreement is in all other aspects hereby ratified and confirmed.

[Signature page follows]

1

WPT ENTERPRISES, INC.

By:_/s/ Adam J. Pliska     

Adam J. Pliska

General Counsel

WAGERWORKS ALDERNEY 3, LIMITED

By:     /s/ Paul D. Matthews     

Paul D. Matthews

President

2SUMMARY OF DIRECTOR COMPENSATION

    WALGREEN
      CO. DIRECTOR COMPENSATION

    

    

    Full-time
      employees of the Company who serve as directors receive only reimbursement
      of
      expenses incurred in attending meetings. Directors who are not employees
      currently receive the following:

    

    
      	·  	
              $50,000
                annual retainer, paid quarterly.

            

    

    
      	·  	
              Additional
                $10,000 annual retainer for each Committee chair, paid
                quarterly.

            

    

    
      	·  	
              $1,200
                for each Board or Board Committee meeting attended in
                person.

            

    

    
      	·  	
              $600
                for each telephonic Board or Board Committee
                meeting.

            

    

    
      	·  	
              One
                half of regular annual retainer is paid in shares of Walgreen Co.
                stock.
                The other half of the regular annual retainer, the entire Committee
                chair
                retainer and all meeting fees are paid in
                cash.

            

    

    
      	·  	
              On
                each November 1st,
                annual grant of Walgreen Co. stock equal to $80,000 divided by the
                Walgreen Co. stock price on that date (stock grant is provided via
                the
                Walgreen Co. Nonemployee Director Stock
                Plan).

            

    

    
      	·  	
              The
                elements of director compensation are subject to the deferral
                opportunities described below.

            

    

    

    Upon
      the
      recommendation of the Nominating and Governance Committee of the Board, the
      following changes were approved by the Board of Directors on July 12, 2006,
      and
      will go into effect as of September 1, 2006:

    

    
      	·  	
              Increase
                annual retainer to $70,000.

            

    

    
      	·  	
              Increase
                additional retainer for Audit Committee chair to $20,000 (additional
                retainer for other committee chairs remains at
                $10,000).

            

    

    
      	·  	
              Discontinue
                all meeting fees.

            

    

    
      	·  	
              Increase
                dollar value of annual stock grant under the Nonemployee Director
                Stock
                Plan to $100,000, beginning with the grant on November 1,
                2006.

            

    

    

    The
      following deferral opportunities continue to be available to nonemployee
      directors under the Nonemployee Director Stock Plan (no changes as of September
      1, 2006):

    

    
      	·  	
              All
                cash payments may be deferred into a deferred cash compensation account
                or
                awarded in the form of deferred stock
                units.

            

    

    
      	·  	
              Portion
                of annual retainer paid in stock and annual stock grant may be awarded
                in
                the form of deferred stock units.

            

    

    

    Certain
      nonemployee directors remain eligible for benefits under discontinued director
      compensation arrangements, as follows:

    

    
      	·  	
              The
                Walgreen Co. Retirement Plan for Outside Directors applies only with
                respect to compensation earned by nonemployee directors for periods
                of
                service prior to November 1, 1996. The current nonemployee directors
                who
                earned compensation under this Plan are Messrs. Howard, Reed
                and Schwemm and Ms. von Ferstel.  Under this Plan, the annual
                benefits payable to a nonemployee director for the shorter of (i)
                the
                number of years the director served as a nonemployee member of the
                Board,
                or (ii) 10 years, were equal to the sum of 80% of the annual Board
                retainer in effect on the date of retirement, plus 4% of the director’s
                final annual retainer for each year of service as a nonemployee director
                in excess of 10 years. In no case could the annual benefit payment
                exceed
                100% of the annual retainer in effect and payable to the nonemployee
                director on the date of his or her retirement from the Board of
                Directors.

            

    

    
      	·  	
              Three
                current nonemployee directors (Messrs. Howard and Schwemm and Ms.
                von
                Ferstel) participated in unfunded deferred compensation plans offered
                prior to 1993 that permitted a director to defer a portion of his
                or her
                retainer fees, and each is receiving annual payments under such
                plans.

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