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                                                                   EXHIBIT 10.14

                          AMENDED EMPLOYMENT AGREEMENT

         This agreement amends the employment agreement (the "Agreement")
between Bradley Wechsler (the "Executive") and Imax Corporation (the "Company")
dated July 1, 1998, as amended, on the same terms and conditions except as set
out below:

1.       TERM.  The term of the Agreement is extended until June 30, 2004.

2.       CASH COMPENSATION. The Executive shall be entitled to be paid base
         salary at the rate of $500,000 per year, plus a bonus of up to two
         times salary. Such bonus shall be at the discretion of the Board of
         Directors and shall be based upon the success of the Company in
         achieving the goals and objectives set by the Board after consultation
         with the Executive. The Executive shall be considered for a bonus
         payable in 2003 and 2004 based upon performance to December 31, 2002
         and December 31, 2003, respectively, and for a further bonus payable on
         a pro rata basis for the period from December 31, 2003 to June 30,
         2004, unless the Agreement is further extended.

3.       STOCK OPTIONS. The Executive shall be entitled to a grant, in
         accordance with the terms of the Imax Stock Option Plan, of stock
         options in the amount of 600,000 common shares of the Company. Options
         to purchase 532,000 shares shall be granted effective April 23, 2002,
         to vest as to 266,000 shares on each of July 1, 2002 and July 1, 2003.
         Options to purchase 68,000 shares shall be granted effective June 5,
         2002, to vest July 1, 2004. All options will have a 10-year term and
         shall be governed by the provisions of the Agreement, including for
         greater certainty the provisions relating to resignation and
         termination. The vesting of all options here under shall be
         accelerated upon a "change of control" as defined in the Agreement.

4.       The entering into this agreement shall not prejudice any rights or
         waive any obligation under any other agreement between the Executive
         and the Company.

         DATED as of April 23, 2002.

                                             Bradley Wechsler
                                             -----------------------------------
                                             BRADLEY WECHSLER

                                             IMAX CORPORATION

                                             Per:    Garth M. Girvan
                                             -----------------------------------
                                             Name:   Garth M. Girvan
                                             Title:  DirectorAmended Consulting Agreement

 

EXHIBIT 10.24

AMENDED CONSULTING AGREEMENT DATED FEBRUARY 28,
2002, BETWEEN THE COMPANY, T.M.
WILLIAMS (ROW), LTD., AND T.M. WILLIAMS

TM Williams (ROW) Inc.

TV1 02P

Anguilla

British West Indies

Attention: Mr. Donald Curtis

And

Mr. T. M. Williams

#203 Shakespeare Tower

London, England

EC2Y 8DR

     RE: Amendment to the Consultancy Agreement dated August 17, 2001

Dear Sirs:

Further to our discussion, we have agreed to amend the Consultancy Agreement
between us dated August 17, 2001 as follows:

We have agreed, effective with the month commencing March 1, 2002, to
substitute Clause 6 — Compensation stated herein:

“6. COMPENSATION

	     	
	 	     In consideration of the Consultancy and the Release, the
Consultant shall be entitled to receive from the Company:

	       	6.1	  	for each calendar month or part thereof during the
duration of the agreement the sum of twenty thousand
dollars in lawful money of the United States of America
(US$20,000),

	       	     	  	payable monthly in arrears in accordance with the provisions set
out below or as may be agreed in writing from time to time by
the parties hereto.”

With the following Clause 6:

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“6. COMPENSATION

	     	
	 	     In consideration of the Consultancy and the Release, the Consultant shall
be entitled to receive from the Company:

	       	6.1	  	for each calendar month or part thereof during the duration
of the agreement 10% of the Operating Profit of said month payable
on the 15th day of the following month to a maximum of US$25,000 per
month. Operating Profit is defined as the total Revenue received
from the business of the Company less all operating expenses for
that month, but not including those expenses, whether capitalized or
not, paid for additional development of the Companies software or
website.”

Any and all compensation paid, or accrued, prior to March 1, 2002 is deemed
fully earned and is to be retained or paid as the circumstance dictates.
Please indicate your concurrence with the stated amendment by signing where
indicated, below.

We thank you for agreeing to this modification to the Agreement and continue to
look forward to a long and fruitful relationship.

Yours truly,

Jeremy Black

CFO, Bingo.com, Inc.

Signed by Donald R. Curtis, Director

for and on behalf of

TM Williams (ROW) Inc. in the presence of:—

	 	 	 
	/s/ M. H. Ross	 	
/s/ D. R. Curtis
	
	 	

	Witness	 	
	 
	Signed by Jeremy Black, CFO

        for and on behalf of

        BINGO.COM, Inc. in the presence of:—	 	
	 
	/s/ R. Morandin	 	
/s/ J. Black
	
	 	

	Witness	 	
	 
	Signed by

        T. M. Williams

        In the presence of:—	 	
	 
	/s/ R. Morandin	 	
/s/ T. M. Williams
	
	 	

	Witness	 	

-27-Restructuring Agreement

 

EXHIBIT 10.25

RESTRUCTURING OF THE EXISTING RELATIONSHIPS BETWEEN CYOP SYSTEMS INC.; CYOP
SYSTEMS INTERNATIONAL INCORPORATED; BINGO.COM, INC.; AND BINGO.COM (CANADA)
ENTERPRISES INC.

THIS AGREEMENT is made as of the 21st day of May, 2002.

BETWEEN:

CYOP SYSTEMS INC., a limited liability Company incorporated under the laws of
Barbados and having its offices at Suite 29-1st Floor, Beckwith Mall, Lower
Broad Street, Bridgetown, Barbados

(“CYOP BARBADOS”)

AND:

CYOP SYSTEMS INTERNATIONAL INCORPORATED, a limited liability Company
incorporated under the laws of Nevada and having its offices at #406 1040
Hamilton Street, Vancouver, British Columbia, Canada

(“CYOP”)

AND:

BINGO.COM (CANADA) ENTERPRISES INC., a limited liability Company incorporated
under the laws of Canada and having its offices at #1405 – 1166 Alberni Street,
Vancouver, British Columbia, Canada

(“BINGO CANADA”)

AND:

BINGO.COM, INC., a limited liability Company incorporated under the laws of
Florida and having its offices at #1405 – 1166 Alberni Street, Vancouver,
British Columbia, Canada

(“BINGO”)

WHEREAS:

A. CYOP Barbados claims that the Software License, Technical Support, and
Operation of Customer Service & Data Centre Agreement dated September 1st,
2001, with Bingo Canada continues in full force, without amendment, as of May
21, 2002; and

-28-

 

B. Bingo Canada claims that CYOP Barbados agreed to amend the Software License,
Technical Support, and Operation of Customer Service & Data Centre Agreement
effective January 30th, 2002 and agreed to provide ad sales, ad serving and
website hosting for the Bingo.com websites (“Unsigned Agreement”); and

C. CYOP claims to have performed considerable consulting services for Bingo in
the support and additional development of the Bingo web site located at
http:www.bigrbingo.com; and

D. CYOP claims to have performed considerable consulting services for Bingo in
the support and additional development of the Bingo web site located at
http:www.bingo.com; and

E. Bingo claims that the services performed by CYOP to the Bingo websites was
part and parcel of the Unsigned Agreement.

THEREFORE:

In full and complete settlement of all disputes between Bingo, Bingo Canada,
CYOP Barbados and CYOP, it is hereby agreed as follows:

1. Effective immediately Bingo assigns to CYOP all right, title, liabilities
and interest in:

-29-

 

i. the agreement between FYRC Inc. and Bingo dated September 18, 2001
concerning the Skill-Bingo Inventions, subject to written consent from FYRC
Inc.;

ii. the Skill-Bingo game software;

iii. the Bingo.com-owned website located at http:www.bigrbingo.com;

iv. the trademark “BiG’r Bingo”; and

v. the BiGr bingo customer deposits

CYOP and CYOP Barbados will indemnify Bingo and Bingo Canada from all
obligations and liabilities relating to or arising from the above agreement,
software, trademark and customer deposits and the operation of the Skill-Bingo
game and bigrbingo.com website.

2. CYOP and CYOP Barbados hereby acknowledge and certify that Bingo and Bingo
Canada have no knowledge of nor any liability for the following obligations,
and that CYOP and CYOP Barbados are solely responsible for and will promptly
pay for the following obligations:

i. all monies owing by CYOP or CYOP Barbados to Steve Moriya (commissions,
salary, & expenses) for sales prior to May 21, 2002; and

ii. all monies owing by CYOP or CYOP Barbados to Peer 1 for hosting Bingo’s
servers (“Servers”), and upon payment thereof, CYOP will arrange for the
immediate delivery of the Servers and all accessory equipment, in good
operating condition, to Bingo.

3. CYOP and CYOP Barbados hereby grant to Bingo an irrevocable, worldwide,
perpetual, license to use the current and any future version of the software
program known as Skill-Bingo. Bingo may, at its option, participate in the
Crediplay program or network as a preferred licensee and may offer an affiliate
program substantially similar to the program which Bingo now offers through the
bigrbingo.com website.

4. CYOP Barbados and CYOP will be entitled to keep any monies they may have
received on or before May 21st, 2002 to a maximum of US$26,000 from advertisers
who placed advertisements (“the Ads”) on the bingo.com website. If either CYOP
Barbados or CYOP has received or may in the future receive any monies on this
account over and above US$26,000, then CYOP will immediately forward those
funds to Bingo. Bingo will continue to host and serve the Ads for those
accounts as contracted.

5. CYOP will provide Bingo with the full free bingo and skill-bingo database
and will refrain from copying, disclosing or using the free bingo database.

6. CYOP will provide Bingo with the full bingo email list and the full opt-in
bingo email list and refrain from copying, disclosing or using same.

7. CYOP will provide Bingo with all necessary documentation to enable the
successful transition

-30-

 

of the management and hosting of the bingo.com website to Bingo and Bingo
Canada, including but not limited to all pass codes and source and object code
in its possession related to the bingo.com website and games.

8. Upon execution of this agreement and Bingo’s receipt of the database, email
list, transition documentation, pass codes and source and object code referred
to in Sections 5, 6 and 7, Bingo will pay CYOP US$20,000 plus a further
US$6,250 upon delivery of the Servers and accessory equipment in good operating
condition.

9. CYOP Barbados and CYOP hereby release Bingo and Bingo.com from all
obligations, agreements and liabilities of any nature and kind, other than this
Agreement. Bingo and Bingo Canada hereby release CYOP Barbados and CYOP from
all obligations, agreements and liabilities of any nature and kind, other than
this Agreement. Except for the obligations contained in this Agreement, no
further obligations will exist between CYOP Barbados, CYOP, Bingo and Bingo
Canada.

-31-

 

10. The parties will account for all transactions between them prior to May 21,
2002 in a manner consistent with the presentation of accounts made by Bingo in
its SEC filing of its 10Q dated May 15, 2002.

	 	 	 	 	 	 	 
	
Accepted and Agreed by Bingo Canada:
	 	Accepted and Agreed by CYOP Barbados:
	 
	
BINGO.COM (CANADA) ENTERPRISES INC
	 	CYOP SYSTEMS INC.
	 
	by:	 	
/s/ Mark Devereux
	 	by:
	 	/s/ Mitch White
	 	 	

	 	 	 	

	
AUTHORIZED SIGNATORY
	 	AUTHORIZED SIGNATORY
	 
	by:	 	
/s/
	 	by:	 	 
	 	 	

	 	 	 	

	
AUTHORIZED SIGNATORY
	 	AUTHORIZED SIGNATORY
	 
	WE HAVE AUTHORITY TO BIND THE

CORPORATION
	 	WE HAVE AUTHORITY TO BIND THE

CORPORATION
	 
	
Accepted and Agreed by Bingo:
	 	Accepted and Agreed by CYOP:
	 
	
BINGO.COM, INC
	 	CYOP SYSTEMS INTERNATIONAL INCORPORATED
	 
	by:	 	
/s/ Tarrnie Williams
	 	by:
	 	/s/ Mitch White
	 	 	

	 	 	 	

	
AUTHORIZED SIGNATORY
	 	AUTHORIZED SIGNATORY
	 
	by:	 	 	 	by:	 	 
	 	 	

	 	 	 	

	
AUTHORIZED SIGNATORY
	 	AUTHORIZED SIGNATORY
	 
	WE HAVE AUTHORITY TO BIND THE

CORPORATION
	 	WE HAVE AUTHORITY TO BIND THE

CORPORATION

-32-

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