Document:

Exhibit 10.1

June 8, 2006

Mr. Dennis
Secor
34 Kingswood Court
Port Moody, British Columbia
Canada     V3H5J9

Dear Mr. Secor:

I am very pleased
to extend to you an offer of employment at GUESS? Inc. as Senior Vice President
of Finance/CFO in the Executive Finance Department. In this position you will
be reporting directly to me. Your start date will be determined upon mutual
agreement at a later date. This is a very exciting area of the company that
offers many opportunities, and we feel you would be an excellent addition to
the team.

The terms of your
offer are as follows:

1.               Base salary of $325,000.00 per year, with exempt
status, paid in accordance with the Company’s normal payroll practices.

2.               Car allowance in
the amount of $800.00 per month, paid in accordance with the Company’s normal
payroll practices.

3.               You will be
eligible to participate in GUESS?, Inc.’s Executive Bonus Program, which
currently bases awards on individual performance and objectives, department,
and Company objectives. As a participant in this plan, your bonus opportunity
may include both cash and long term equity incentives as a percentage of your
base salary, with an annual target of 40% for cash bonus, and 60% for the long
term incentive equity component.  You
will not be eligible for a grant regarding your 2006 performance based on the
initial grant being offered, and timing of your hire.

4.               In addition to the
compensation set forth above and subject to approval by the GUESS?, Inc.
Compensation Committee at its next meeting (which is currently scheduled for August 17,
2006, and is subject to change), you will be granted the following equity
compensation pursuant to the GUESS?, Inc. 2004 Equity Incentive Plan:

(a)          Non-qualified options to
purchase 20,000 shares of the Common Stock of GUESS?, Inc. with an
exercise price equal to the closing price of the Common Stock on the grant date.
Such stock options will vest during your employment over a four-year period as
follows: one-fourth of your options will vest on each anniversary of the date
of grant until fully vested.

 

(b)         Restricted stock in the
amount of 15,000 shares of Common Stock subject to your signing of a restricted
stock agreement with standard terms and conditions for restricted stock awards
as determined by the Compensation Committee. Among other conditions, you will
be required to pay the par value of one cent ($.01) per share of your
restricted stock on the date of grant. Your restricted stock will vest over a
four-year period as follows: one-fourth of your restricted shares will vest on
each anniversary of the date of grant until fully vested.

5.               Medical, dental,
life, vacation and disability benefits commensurate in accordance with your
position at GUESS?, Inc. You will be eligible to participate in the GUESS?, Inc.
401k Savings Plan following the completion of your first year of service. In
addition, you will be eligible to participate in the GUESS?, Inc. Deferred
Compensation Plan. You will be provided with a summary and details of these
benefits when you begin employment with the Company.  Also, you will accrue vacation benefits at the
rate of three weeks per year.

6.               Relocation
expenses incurred during the move from Vancouver, BC to Los Angeles, including
temporary housing, will be provided by GUESS?, Inc. Please note that these
expenses are considered income for IRS purposes, and you will be taxed on this
amount, including applicable payroll taxes. Your relocation will be coordinated
through GUESS?, Inc. and Professional Relocation & Consulting
Services. If you voluntarily resign from GUESS?, Inc. within two years of
your hire date, you will be responsible to reimburse GUESS?, Inc. for all
relocation expenses. After your first year of service, these expenses will be
pro-rated per year (*see attached schedule A). The expenses will include:

a)                Movement
of your household goods from Vancouver, BC to Los Angeles, and relocation
assistance, the total of which is expected to be below $120,000.00. Relocation
costs will be grossed up for tax purposes.

b)               Temporary
corporate housing for up to sixty (60) days.

c)                Temporary
storage of your household goods for up to sixty (60) days.

d)               Two
(2) round-trip coach airfare tickets for house hunting purposes.

e)                Two
(2) one-way coach airfare tickets for your final relocation to Los
Angeles.

 

7.               If GUESS?, Inc.
should terminate your employment at any time for any reason, other than for
cause, you shall be entitled to payments in the amount of six (6) months
base salary (at the rate as the date of termination), paid in accordance with
the Company’s normal payroll practices. If you begin full-time employment,
part-time employment or consulting engagements prior to the end of such six (6) month
period following your termination for cause, which includes compensation in an
amount equal or greater than your compensation at GUESS?, Inc., any
payments due to you under this subsequent paragraph shall be forfeited. If you
accept and begin employment prior to the end of the six (6) month period
at a salary lower than your base salary at GUESS?, Inc., GUESS? Inc. will
pay you the difference in compensation for this period.

8.               In this position,
it may be necessary for you to travel internationally. Accordingly, we require
that you possess a valid U.S. passport, and keep a copy on file with the GUESS
Travel Department. It is your responsibility to ensure that your passport is
valid at all times.

In accordance with
government regulation, all new employees must present eligibility to work. On
your first day of employment, please bring in documents to establish both
identification and employment eligibility from the attached list of acceptable
documents (Form I-9). If you are unable to present these documents,
you will not be able to commence employment.

Please indicate
your acceptance of this offer by signing at the end of this letter and
returning it to me in the envelope provided. The other copy is yours to keep.

We look forward to
your joining us at GUESS?, Inc., and a prosperous future together. Please
feel free to contact me if you have any questions.

Sincerely,

/s/
Carlos Alberini                                                                

CARLOS ALBERINI

GUESS?, Inc., President and Chief Operating Officer

AGREED &
ACCEPTED

/s/ Dennis R.
Secor                              6-9-06                     

Dennis Secor                                       
Date

 

*Schedule A

	
  Service Period

  	
   

  	
  Reimbursement

  
	
  First year
  (through first anniversary date)

  	
   

  	
  All costs incurred

  
	
  Second year
  (through second anniversary date)

  	
   

  	
  1⁄2 of all costs incurredExhibit 10.1

SEPARATION AGREEMENT

This
Separation Agreement (the “Agreement”) is entered into as of the 14th day of June 2006, between
Robert L. Saxton (“Mr. Saxton”) and Bally Technologies, Inc. f/k/a
Alliance Gaming Corporation (collectively with all affiliates and subsidiaries,
“Bally Gaming”).

RECITALS

A.   Mr. Saxton has been employed at-will by Bally Gaming since July 12,
1982, most recently as Executive Vice-President, for Bally Gaming, and as
President of Rainbow Casino.

B.   Mr. Saxton’s employment with Bally Gaming will terminate
effective as July 12, 2006 (“Separation Date”).

C.   Mr. Saxton and Bally Gaming wish to set forth terms and
conditions of Mr. Saxton’s post-employment relationship with Bally Gaming,
along with related rights and obligations of the parties.

D.   Mr. Saxton and Bally Gaming wish to compromise and settle all
claims and issues arising from or related to Mr. Saxton’s employment with
Bally Gaming, on the terms and conditions expressed in this Agreement.

NOW, THEREFORE, based upon the following, in
consideration of the mutual terms, covenants and conditions hereinafter set
forth, and other good and valuable consideration, the receipt and sufficiency
of which are acknowledged by each party, Mr. Saxton and Bally Gaming agree
as follows:

Section 1

Post — Employment Consulting Obligations

1.1  After the Separation Date, Mr. Saxton
agrees to act as an independent consultant for Bally Gaming and provide the
following services for Bally Gaming following the Separation Date.

1.1.1        For a period of four years starting on August 1,
2006 (the “Consulting Period”), Mr. Saxton shall, on limited basis,
provide such consulting services as more specifically identified in Section 1.1.2
below to Bally Gaming through either telephone, email or in-person access, as
reasonably requested by Bally Gaming. During the Consulting Period, Mr. Saxton
shall not be required to provide more than ten hours of consulting services per
calendar week, except in such limited circumstances when Bally Gaming requires Mr. Saxton
to provide consulting services that are critical and materially required for
Bally Gaming to maintain its continuous and on-going business operations.

 1
 

 

1.1.2        During the Consulting Period, as part of
the consulting services, Mr. Saxton shall assist Bally Gaming with matters
such as gaming licensing for present and future license applications and
licenses, Securities and Exchange Commission matters, operations of Rainbow
Casino, and for historical matters involving prior Bally Gaming transactions
and transactions of Bally Gaming’s affiliates and subsidiaries. Mr. Saxton
shall also execute any documents and take any actions required which Bally
Gaming may reasonably request to effect the transition of his former work
duties to other employees of Bally Gaming after the Separation Date.

1.1.3.       Mr. Saxton agrees not to compete
with Bally Gaming during the Consulting Period. To “compete” means to
establish, engage, or be connected with, directly or indirectly, any person or
entity engaged in a business in competition with the business of Bally Gaming
(which, as defined above, includes any of Bally Gaming’s subsidiaries or
affiliates) in any area where Bally Gaming does business, whether as an
employee, owner, partner, agent, employee, officer, consultant, advisor, stockholder
(except as the beneficial owner of not more than 5 percent of the outstanding
shares of a corporation, any of the capital stock of which is listed on any
national or regional securities exchange or quoted in the daily listing of
over-the-counter market securities and, in each case, in which Mr. Saxton
does not undertake any management or operational or advisory role) or in any
other capacity, for Mr. Saxton’s own account or for the benefit of any
person or entity. Mr. Saxton
acknowledges and agrees that the scope and duration of this covenant not to
compete are reasonable and fair. However, if a court of competent jurisdiction
determines that this covenant is overly broad or unenforceable in any respect, Mr. Saxton
and Bally Gaming agree that the covenant shall be enforced to the greatest
extent the court deems appropriate and that the court may modify this covenant
to that extent.

1.1.4        Mr. Saxton agrees that
during the Consulting Period, he shall not, directly or indirectly, (i) aid
or endeavor to solicit or induce any other employee or consultant of Bally
Gaming to leave Bally Gaming to accept employment of any kind with any other
person or entity, or (ii) solicit the trade or patronage of any of Bally
Gaming’s customers (which includes customers of any of Bally Gaming’s
subsidiaries or affiliates) or of anyone who has traded or dealt with Bally
Gaming with respect to any technologies, services, products, trade secrets, or
other matters in which Bally Gaming is active.

1.2           On
monthly basis, Bally Gaming will reimburse Mr. Saxton for any expenses
incurred by Mr. Saxton in performing the consulting services and the
obligations set forth in Sections 1.1.1 and 1.1.2 above, in accordance with
Bally Gaming’s then-current corporate policies regarding reimbursement of
the particular expense incurred.

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Section 2

Payments to Mr. Saxton

2.1        Except as otherwise provided in Section 2.2
below, in full settlement of any and all claims by Mr. Saxton against
Bally Gaming and in payment of the consulting services to be provided by Mr. Saxton
under this Agreement, Bally Gaming shall pay Mr. Saxton a total sum of
$400,000.00, payable in monthly installments of $8,333.33, commencing on August 1,
2006 and continuing on the first day of the month thereafter during the Consulting
Period. Mr. Saxton shall be responsible for all taxes associated with
these payments that are assessed on him, including but not limited to federal
and state income taxes, and agrees to indemnify Bally Gaming for any such tax
assessments that are paid on his behalf by Bally Gaming.

2.2  In the event Mr. Saxton breaches this
Agreement, which shall include but is not limited to circumstances wherein Mr. Saxton
voluntarily fails to provide consulting services to Bally Gaming during the
Consulting Period without good cause, and Mr. Saxton fails to cure any
such breach within 30 days of written notice from Bally Gaming, Bally Gaming
may discontinue monthly payments made to Mr. Saxton. Discontinuance of
payments as a result of Mr. Saxton’s uncured breach of this Agreement,
shall not alter Mr. Saxton’s obligations set forth in Sections 1.1.3 and
1.1.4 for the then-remaining term of the Consulting Period, nor shall it alter
or otherwise be construed as a revocation of the parties’ mutual releases of
claims set forth in Section 3.

2.3  As a
result of the parties agreement on the payments made to Mr. Saxton under
this Agreement, Bally Gaming will not pay Mr. Saxton for any accrued and
unused vacation time earned up to the Separation Date and Mr. Saxton shall
not seek recovery of any such payments for vacation time.

2.4  As of the Separation Date, Mr. Saxton
shall not be eligible for the following benefits: a) Short-Term
Disability; b) Long-Term Disability; c) Basic Life; d) Accidental Death &
Dismemberment; or e) Dependent Life Insurance. As of the Separation Date, Mr. Saxton
is not and will not be eligible to contribute to the 401k plan offered to Bally
Gaming employees.

2.5  Bally Gaming will pay Mr. Saxton’s
employer-premium portion of COBRA coverage during the Consulting Period as long
as Mr. Saxton remains eligible for COBRA coverage.

Section 3

Release

3.1  Subject to
the provisions of Section 15 of this Agreement, through the execution
hereof, Mr. Saxton forever releases and discharges Bally Gaming, its
employees, agents and attorneys (in their individual and representative
capacities), from any and all claims, demands, losses, damages, actions, causes
of action, suits, debts, promises, liabilities, obligations, liens, costs,
expenses, attorney’s fees, indemnities, subrogations  (contractual or equitable) or duties, of any
nature, character or description whatsoever, arising from or relating to,
directly or indirectly, 

 3
 

 

Mr. Saxton’s employment with Bally Gaming as of the Separation
Date. This release shall only apply to claims relating to Mr. Saxton’s
employment with Bally Gaming prior to the Separation Date or the termination of
Mr. Saxton’s employment with Bally Gaming, and shall not apply to
obligations of Bally Gaming after the Separation Date as specifically provided
for in or pursuant to this Agreement.

3.2  The release of claims in Subsection 3.1
includes, but is not limited to, claims at law or equity or sounding in
contract (express or implied) or torts arising under federal, state or local
laws or the common law prohibiting age, sex, race, national origins,
disability, veteran status or any other forms of discrimination (including, but
not limited to, the Nevada Fair Employment Practices Act, the Family and
Medical Leave Act, the Age Discrimination in Employment Act of 1967, the
American with Disabilities Act of 1991, Title VII of the Civil Rights Act of
1964, the Civil Rights Act of 1866, the Civil Rights Act of 1991, the Older
Workers Benefit Protection Act, 42  U.S.C.
§ 1981, the National Labor Relation Act, and all amendments to the
aforementioned statutes).

3.3  Subject to
the provision of Section 15 of this Agreement, through the execution
hereof, Bally Gaming forever releases and discharges Mr. Saxton and his
agents and attorneys (in their individual and representative capacities), from
any and all known claims, demands, losses, damages, actions, causes of action,
suits, debts, promises, liabilities, obligations, liens, costs, expenses,
attorney’s fees, indemnities, subrogations (contractual or equitable) or
duties, of any nature, character or description whatsoever, arising from or
relating to, directly or indirectly, Mr. Saxton’s employment with Bally
Gaming.

Section 4

Authority to Execute

Each of the persons signing this Agreement represents
and warrants that he or she has all requisite authority to execute and perform
this Agreement.

Section 5

Binding Effect

In the event of Mr. Saxton’s death during the
Consulting Period, this Agreement shall inure to the benefit of and be binding
upon the parties and their respective heirs, successors and assigns, and the
obligations of Bally Gaming under this Agreement, including but not limited to
the payment obligation, shall remain in force, unless prior to Mr. Saxton’s
death Bally has stopped payments to Mr. Saxton described in Section 2.1
as a result of Mr. Saxton’s uncured breach of this Agreement. More
specifically, in the event of Mr. Saxton’s death during the Consulting
Period, Bally Gaming shall pay the estate of Mr. Saxton the remaining
balance of monies due under this Agreement so long as payments to Mr. Saxton
were not stopped as a result of Mr. Saxton’s uncured breach of this
Agreement by Bally Gaming prior to Mr. Saxton’s death. Except as
specifically provided in Section 3 of this Agreement and except to the
extent that the rights created hereunder inure to the benefit of Mr. Saxton’s
heirs, this Agreement is not intended to create, and shall not create, any
rights in any person who is not a party to this Agreement.

 4
 

 

Section 6

Waiver

Neither the failure nor any delay on the part of
either party to exercise any right, remedy, power or privilege under this
Agreement shall operate as a waiver of that right, remedy, power or privilege. No
waiver of any right, remedy, power or privilege with respect to any particular
occurrence shall be construed as a wavier of such right, remedy, power or
privilege with respect to any other occurrence.

Section 7

Time of the Essence

Time is of the essence in the performance of this
Agreement and all of its terms, provisions, conditions and covenants.

Section 8

Entire Agreement

This Agreement contains the entire agreement between
the parties and may not be changed or terminated orally, but only by a written
instrument executed by the parties after the date of this Agreement. Bally
Gaming and Mr. Saxton further acknowledge and agree that neither party
will make any claim, at any time or place, that this Agreement has been orally
altered or modified in any respect whatsoever. It is expressly acknowledged and
recognized by all parties that there are no oral or written collateral
agreements between Mr. Saxton and Bally Gaming other than such agreements
as may be contained or referenced herein.

Section 9

Construction

The terms and conditions of this Agreement shall be
construed as a whole according to the fair meaning and not strictly for or
against any party. The parties acknowledge that each of them has reviewed this
Agreement and has had the opportunity to have it reviewed by its attorneys, and
that any rule of construction to the effect that ambiguities are to be
resolved against the drafting party shall not apply in the interpretation of
this Agreement, including any exhibits or amendments thereto.

Section 10

Partial Invalidity

If any term of this Agreement or the application of
any term of this Agreement is held by a court of competent jurisdiction to be
invalid, void or unenforceable, all provisions, covenants and conditions of
this Agreement, and all of their applications, not so held invalid, void or
unenforceable, shall continue in full force and effect and shall not be
affected, impaired or invalidated in any way.

 5
 

 

Section 11

Attorneys’ Fees

In any action or proceeding to enforce the terms of
this Agreement or to redress any violation of this Agreement, the prevailing
party shall be entitled to recover as damages its attorney’s fees and costs
incurred, whether or not the action is reduced to judgment. For the purposes of
this provision, the “prevailing party” shall be that party who is successful
with regard to the main issue, even if that party did not prevail on all
issues.

Section 12

Governing Law

The laws of the State of Nevada applicable to
contracts made or to be wholly performed there (without giving effect to choice
of law or conflict of law principles) shall govern the validity, construction,
performance, and effect of this Agreement.

Section 13

Necessary Action

Each of the parties shall do any act or thing and
execute any or all documents or instruments necessary or proper to effectuate
the provisions and intent of this Agreement.

Section 14

Notices

14.1   Any and all notices and demands by or
from any party required or desired to be given under this Agreement shall be in
writing and shall be validly given or made if served either personally or if
deposited in the United States mail, certified or registered, postage prepaid,
return receipt requested. If such notice or demand is served by registered or
certified mail in the manner provided, service shall be conclusively deemed
given upon receipt or attempted delivery, whichever is sooner.

14.2   Any
notice of demand to Mr. Saxton shall be addressed to him as follows:
Robert Saxton, c/o Gwen Rutar Mullins, Esq., Haney, Woloson &
Mullins, 1117 South Rancho Drive, Las Vegas, Nevada  89102.

14.3   Any notice of demand to Bally Gaming shall
be addressed to the General Counsel, Legal Department at 6601 South Bermuda
Road, Las Vegas, Nevada 89119.

14.4   Any
party may change its address for receiving notices or demands by a written
notice given in the manner provided in this Section, which notice of change of
address shall not become effective, however, until its actual receipt by the
other party.

 6
 

 

Section 15

Miscellaneous

The captions appearing at the commencement of the
Sections of this Agreement are descriptive only and for convenience in
reference to this Agreement and shall not define, limit or describe the scope
or intent of this Agreement, nor in any way affect this Agreement.

Section 16

Revocation Period

16.1   This
Agreement is enforceable when both parties have signed the Agreement. Mr. Saxton
and Bally Gaming understand and acknowledge that Mr. Saxton has seven
calendar days following his execution of this Agreement to revoke his
acceptance of this Agreement.

16.2   For
revocation under Section 16.1 to be effective, notice of revocation must
be received by Bally Gaming no later than 5:00 p.m. on the seventh
calendar day after Mr. Saxton signs the Agreement. If Mr. Saxton
revokes this Agreement, it shall not be effective or enforceable, and neither
party will be deemed to have released the other or to have waived any rights
with respect to the matters addressed in this Agreement.

Section 17

Time to Review Agreement

Mr. Saxton
acknowledges that he received a copy of this Agreement for review on June 14,
2006, and offered at least twenty-one days to review, consider and negotiate
the provisions of this Agreement prior to execution, however, in the event that
Mr. Saxton executes this Agreement prior to the expiration of this
twenty-one day period, Mr. Saxton knowingly and voluntarily waives all
rights to any further time for review remaining in this twenty-one day period.

Section 18

Advice of Counsel

Mr. Saxton
is advised to consult with an attorney before signing this Agreement.

Section 19

Voluntary Nature of Agreement

Both parties acknowledge that they have carefully read
this Agreement; that they have been afforded an opportunity for counsel of
their choosing to read and review it; that they have had the provisions fully
explained to them by their counsel, if they chose to retain one; that the only
promises made are those stated in this Agreement; and that they are signing
this Agreement freely, voluntarily and with full knowledge of its terms and
consequences.

 7
 

 

Section 20

Non-Disparagement

The
parties each agree that, during and after the Consulting Period with Bally
Gaming terminates for any reason, neither shall, publicly or privately,
disparage or make any statements (written or oral) that could impugn the
integrity, acumen (business or otherwise), ethics, or business practices of the
other (including, in the case of Bally Gaming, its affiliates and
subsidiaries), except, in each case, to the extent (but solely to the extent)
necessary (i) in any judicial or arbitration action to enforce the
provisions of this Agreement, or (ii) in connection with any judicial or
administrative proceeding to the extent required by applicable law, or (iii) as
otherwise required by law.

Section 21

Confidentiality

The
parties agree (i) to hold in strictest confidence, the existence of this
Agreement and its terms, the existence and substance of the discussions between
the parties; and (iii) to ensure the same with respect to its attorneys,
accountants, investment bankers, and any other authorized representatives to
whom it discloses information needed to effect the terms and conditions under
this Agreement.

Mr. Saxton
agrees that during and after his employment with Bally Gaming, if he has had
access to confidential matters of Bally Gaming not publicly known such as
proprietary matters of a technical nature (including but not limited to
know-how, technical data, gaming processes, gaming equipment, techniques,
developments) and proprietary matters of a business nature (including but not limited
to information about costs, profits, markets, sales, lists of customers, and
matters received by the Company in confidence from other parties), collectively
referred to as “Confidential Matters.” Some Confidential Matters may be
entitled to protection as “Trade Secrets,” as that term is defined in N.R.S.
600A.030(5), the Restatement of Torts, and case law interpreting the same.

Mr. Saxton
agrees to keep secret all such Confidential Matters and agrees not to directly
or indirectly, other than is necessary in the business of Bally Gaming and the
scope of consulting services provided by Mr. Saxton, disclose or use any
such Confidential Matters at any time except with prior written consent of
Bally Gaming. Mr. Saxton agrees that all written materials (including
correspondence, memoranda, manuals, notes, and notebooks) and all models,
mechanisms, devices, drawings, and plans in his possession from time to time
(whether or not written or prepared by Mr. Saxton) embodying Confidential
Matters shall be and remain the sole property of Bally Gaming, and he will use
all reasonable precautions to assure that all such written materials and
models, mechanisms, devices, drawings, and plans are properly protected and
kept from unauthorized persons. Mr. Saxton further agrees to deliver all
Confidential Matters, including copies, immediately to Bally Gaming on the
Separation Date, and also on the date that the Consulting Period expires if Mr. Saxton
obtains information regarding Confidential Matters in the course of performing
consulting services for Bally Gaming, or at any time Bally Gaming may request.

 8
 

 

For
a period of ten years after Separation Date, Mr. Saxton agrees to not
reveal directly or indirectly to any person or entity or use for Mr. Saxton’s
personal benefit (including without limitation, for the purpose of soliciting
business, whether or not competitive with any business of Bally Gaming) any
Confidential Matters. To the extent that any Confidential Matters are
considered by Bally Gaming as Trade Secrets, Mr. Saxton agrees that all
limitations on use of these Trade Secrets shall last forever. Mr. Saxton
further agrees that immediately upon or after termination, he will deliver to
Bally Gaming all memoranda, notes, reports, lists, models, mechanisms, devices,
drawings or plans and other documents (and all copies thereof) in his
possession relating to the business of Bally Gaming or its subsidiaries and
affiliates.

Except
as authorized by this Agreement, neither party shall communicate any
information about the other party to any third party, whether such information
arose during or after Mr. Saxton’s employment with Bally Gaming, and no
reproduction or copies of any such information about the other party shall be
made unless prior express written authorization is obtained from the disclosing
party. This Agreement imposes no obligation upon a party receiving information
with respect to the other party which: (i) is now, or which hereafter
becomes, through no wrongful act or omission on the part of the receiving
party, in the public domain; or (ii) is known to the receiving party at
the time of receiving such information and the receiving party promptly
provides documentation establishing that fact with reasonable certainty; or (iii) is
furnished to a third party by the disclosing party without restriction on
disclosure; or (iv) is hereafter rightfully furnished to the receiving
party by a third party, without restriction on disclosure and without breach of
this Agreement; or (v) is approved for release by written authorization of
the disclosing party; or (vi) is disclosed pursuant to the lawful request
or requirement of a regulatory or other law enforcement agency, provided,
however, that the receiving party shall promptly notify the disclosing party of
the request or requirement so that the disclosing party may seek a protective
order or take other appropriate action.

Section 22

Intellectual Property

Mr. Saxton
shall promptly disclose in writing to Bally Gaming, all inventions,
discoveries, concepts, ideas, developments, improvements, and innovations,
whether or not patentable, and the expressions of all inventions, discoveries,
concepts, ideas, developments, improvements, and innovations, whether or not
copyrightable (collectively “Inventions”), conceived, developed, or first
actually reduced to practice by Mr. Saxton, either alone or with others,
during employment with Bally Gaming or during the Consulting Period, that (i) relate
in any manner to the existing or contemplated business or research activities
of Bally Gaming, (ii) are suggested by or result from his work for Bally
Gaming; or (iii) result from the use of time, materials, or facilities of
Bally Gaming. All Inventions conceived, developed, or first actually reduced to
practice, either alone or with others, while employed by Bally Gaming, or
during the Consulting Period that relate in any manner to the existing or
contemplated business or research activities of Bally Gaming shall be the
exclusive property of Bally Gaming. Mr. Saxton assigns to Bally Gaming his
entire right, title, and interest in and to all such Inventions and to all
unpatented Inventions, except those specifically described in a statement that
has been separately executed by Mr. Saxton and an officer of Bally Gaming
and attached hereto, provided, however, that if no such list is attached, Mr. Saxton
represents and warrants that there are no such Inventions. Mr. Saxton
will, at the

 9
 

 

request and
expense of Bally Gaming, execute specific assignments to any such Inventions
and execute, acknowledge, and deliver patent applications and such other
documents (including but not limited to all provisionals, continuations,
continuations-in-part, continued prosecution applications, extensions,
re-issues, re-examinations, divisionals and foreign counterparts) and take such
further action as may be considered necessary by Bally Gaming at any time,
whether during employment with Bally Gaming or during the Consulting Period, or
after the Consulting Period ends for any reason, to obtain and define letters
patent in any and all countries and to vest title to such Inventions and
related patents or patent applications in Bally Gaming or its assignees. Any
Invention that disclosed to a third person or describing in a patent
application filed by Mr. Saxton or on his behalf during employment with
Bally Gaming or during the Consulting Period shall be presumed to have been
conceived or made by Mr. Saxton during his employment with Bally Gaming
unless proved to have been conceived and made by him after the expiration or
termination of this Agreement.

PLEASE READ THIS AGREEMENT
CAREFULLY. IT CONTAINS A RELEASE OF ALL CLAIMS.

	
  Robert L. Saxton

  	
   

  	
  Bally Technologies, Inc.

  

 

	
   

  	
  /s/ Robert L.
  Saxton

  	
   

  	
   

  	
  /s/ Mark Lerner

  
	
  By:

  	
  Robert L. Saxton

  	
   

  	
  By:

  	
  Mark Lerner, Secretary

  
	
   

  	
  (Print Name,
  Title)

  	
   

  	
   

  	
  (Print Name, Title)

  
	
  Date:

  	
  6/14/06

  	
   

  	
  Date:

  	
  6/14/06

  

 

 10

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