Document:

Exhibit 10.51

September 12, 2000

Christopher Vizas
Chief Executive Officer
eGlobe, Inc.
1250 24th Street, NW
Washington, DC 20037

In re:  Forbearance under Loan and Note Purchase Agreement

Dear Mr. Vizas,

We are writing with regard to the Loan and Note Purchase Agreement,  as amended,
entered  into by and among  eGlobe,  Inc., a Delaware  corporation  ("eGlobe" or
"Parent"),   eGlobe  Financing  Corporation,  a  Delaware  corporation  ("eGlobe
Financing"),   IDX  Financing   Corporation,   a  Delaware   corporation   ("IDX
Financing"),  Telekey Financing  Corporation,  a Delaware corporation  ("Telekey
Financing" and together with eGlobe Financing and IDX Financing,  the "Financing
Companies"),  and EXTL Investors,  LLC, a Nevada limited  liability  corporation
("EXTL Investors").

eGlobe, the Financing  Companies and EXTL Investors entered into a Loan and Note
Purchase  Agreement dated April 9, 1999, as amended by a letter  agreement dated
June 16, 1999 and as further  amended by Amendments No. 1 and 2 to Loan and Note
Purchase  Agreement  (collectively,  the  "Note  Purchase  Agreement").  Special
Investment  Risks LLC has also  loaned  eGlobe  funds and its notes and  accrued
interest thereon are incorporated in the  aforementioned  restructuring  Special
Investment  Risks,  LLC as merged into EXTL  Investment LLC on this date and its
name changed to EXTL-Special Investments Risks LLC.

We have  agreed  with you to  restructure  the payment and other terms under the
Secured Notes, the A/R Note and the Special  Investment Notes  (collectively the
"Notes").  We have agreed to the  attached  set of terms (the "Term  Sheet") for
restructuring the Notes and related agreements. In light of that and of our past
experience in concluding  arrangements  with eGlobe,  and in  recognition of our
substantial equity commitment to eGlobe as well as our extension of credit under
the Note  Purchase  Agreement,  EXTL  Investors  LLC hereby  commits to forbear,
during the period beginning today and ending on October 1, 2001, from exercising
its right to mandate eGlobe,  Inc. to enter into an involuntary  reorganization,
provided  that eGlobe  complies  with the terms of the  restructured  lending as
reflected in the Term Sheet and that the operations of eGlobe, Inc. as conducted
at the date of this  letter,  do not  change in a manner  that is  substantially
adverse to the investments of EXTL-Special Investments Risks LLC.

                                           Sincerely,

                                           EXTL-Special Investments Risks LLC

                                           By:__________________________________
                                           Name/Title:__________________________

<PAGE>

                                   Term Sheet

Facility:         Amended  and  Restated  Loan  and  Note  Purchase   Agreement,
                  amending  the Loan and Note  Purchase  Agreement  dated  April
                  9,1999, as amended, and related Notes and documentation.

Creditors:        EXTL Investors,  LLC and Special  Investment  Risks, LLC - the
                  LLCs have merged  into one company  owned by Ronald and Gladys
                  Jensen.  The company name is EXTL - Special  Investment Risks,
                  LLC.

Debtors:          eGlobe, Inc.
                  IDX International, Inc.
                  eGlobe Financing Corporation
                  IDX Financing Corporation
                  Telekey Financing Corporation
                  eGlobe/Coast, Inc.

Indebtedness:     The outstanding principal balance of the existing indebtedness
                  to EXTL Investors,  LLC and Special  Investment  Risks, LLC in
                  the amount of  $18,677,989,  plus the  accumulated  and unpaid
                  interest and penalties of $1.000,000  (which will be reflected
                  as an accrual),  for a total indebtedness of $19,677,989.  All
                  payments  since  January  1,  2000  have  been  treated  as  a
                  reduction in principal, not as interest payments.

Reduction of Current Note effective  September 15, 2000:  EXTL will exercise its
                  warrant to purchase  5,000,000  shares of eGlobe  Common Stock
                  contemporaneous  with closing on the Amended and Restated Loan
                  and Note Purchase Agreement. It will fund the exercise through
                  a  reduction  of  $3,677,989  in the  principal  amount of the
                  indebtedness,  resulting in a remaining note  indebtedness  of
                  $15,000,000.  The  balance of accrued  and unpaid  interest at
                  September 15, 2000 is $1,000.000.

Maturity:         July 1, 2002

Interest Rate:    Annual rate equal to the Prime  Interest  Rate as published in
                  the Wall Street  Journal  plus 2%. This rate shall be added to
                  the  unpaid  principal  of the note at the  beginning  of each
                  month  (beginning  October 1, 2000 on  $15,000,000) at 1/12 of
                  the prime rate plus 2%. The same procedure  shall apply to the
                  accrued  interest  amount   (beginning   October  1,  2000  on
                  $1,000.000).

<PAGE>

Security Interest:Lien  on  substantially   all  of  the  assets  of  debtors  -
                  substantially similar to existing security interest, including
                  receivables.  A complete  list of pledged  assets as of August
                  31, 2000 to be provided for  documentation;  also a summary of
                  receivables by company at August 31, 2000.

Payment of Note Principal:  (1) Monthly  principal  repayments of $50,000 on the
                  15th of each month,  first  payment on October 15,  2000;  the
                  residual unpaid  principal will be paid at maturity.  Interest
                  will  accrue  monthly  on the unpaid  principal  and on unpaid
                  Interest and be paid at maturity.
                  (2) Lender will receive 15% of the net cash  proceeds from the
                  sale of the  business and assets of Coast as paid by buyers of
                  Coast.
                  (3) Lender will receive 5% of the net cash  proceeds  from any
                  equity  financing.   Equity  financing  includes  the  current
                  $6,000,000  held in  escrow  pending  registration  of  eGlobe
                  Securities.
                  (4) The  $50,000  minimum  payments  per  month  may be offset
                  against payments made under 2 and 3 if these payments together
                  with  $50,000  monthly  payments  previously  made  exceed the
                  cumulative  monthly payments  beginning October 15, 2000 times
                  the number of months required to be paid to date.

Waiver of Principal Payments: If  the Gumowitz family forbears and  defers  rent
                  payments  for the premises in New York used by the Company due
                  and payable from September 15 forward,  then Lender will waive
                  principal payments required currently (deferring such payments
                  to  July  1,  2002  or  until  Gumowitz  family  is  paid  the
                  forbearance,  which ever comes first) in a ratio of the shares
                  owned by the Gumowitz family to the shares owned by the Jensen
                  family.

Warrants:         A Warrant to purchase  1,000,000 shares of eGlobe Common Stock
                  @1.94 per share  expiring July 1, 2004.  Warrant shall provide
                  for cashless  exercise and shall be  registered on a piggyback
                  basis beginning in 2001.

Events of  Default:Parallel to existing  Loan and Note Purchase Agreement,  with
                  the  addition of specific  default  provisions  for failure to
                  provide required reports in a timely fashion.

Reporting:        Quarterly un-audited Financial Statements
                  Annual audited Financial Statements
                  Monthly Reports:

                           Status of Security - all  pledged  Assets & additions
                           and  deletions  &  Receivables
                           Compliance   with  Loan   Provisions   of  This  Loan
                           Compliance with any other Indebtedness
                           All Litigation
                           Monthly  reports  will be  presented  in writing  and
                           signed by two of the three principal  officers of the
                           Company  (CEO,  COO,  CFO)  and be due by the 20th of
                           each month  following  each month end beginning  with
                           September, 2000.

<PAGE>

Change of Control:

                                 The  lender will have the option to declare the
                  outstanding  principal amount (together with accrued interest)
                  immediately  due and  payable  in the  event  of a  Change  of
                  Control,  as  defined.  A Change of Control  will be deemed to
                  have occurred if any one or more of the following occurs:  (i)
                  any person or group (as defined  under  applicable  securities
                  laws) becomes the holder of 35% or more of the voting power or
                  equity  interests  of the  Company on a fully  diluted  basis,
                  assuming the conversion of outstanding  convertible securities
                  and exercise of  outstanding  warrants and options [other than
                  options  granted  under  employee  stock  plans] which have an
                  exercise  price less than or equal to the then market price of
                  the eGlobe  common stock,  (ii) two or more  directors are not
                  Continuing  Directors  (defined  for this purpose as directors
                  nominated   for   election  by  a  majority  of  the  existing
                  directors),  or  (iii)  two or  more  of the  Company's  chief
                  executive officer, chief operating officer and chief financial
                  officer, or their successors who are approved by the lender in
                  writing  for  purposes  of  this  provision,  are  removed  or
                  replaced, or resign or decline to stand for re-appointment for
                  reasons unrelated to health or retirement.

Expenses:         Borrower  shall  pay all  costs  and  expenses  of  Lender  in
                  connection with the  preparation of the loan documents,  or in
                  connection  with the perfection  and  maintenance of any liens
                  thereunder.

Waiver of Past  Defaults:  All past defaults will be waived,  all  violations of
                  existing loan instruments cured.

eGlobe  represents this term sheet has been approved by its Executive  Committee
                  and  represents  the  Committee  has full power to act for the
                  Board  of  Directors  of  eGlobe,  Inc.  and  for  the  debtor
                  subsidiaries of eGlobe, Inc. as set forth under "Debtors".

Documentation:    Standard and customary for  similarly  situated  transactions.
                  Documents  satisfactory  to Lender.  eGlobe commits to prepare
                  and provide draft documentation to Lender on Monday, September
                  18, 2000;  Lender  commits to have full and final  comments to
                  eGlobe on Wednesday, September 20, 2000; the Parties commit to
                  a formal closing prior to October 1, 2000.

This term sheet has been approved 100% of the Members of the Lender.

<PAGE>

Lender: EXTL - Special Investment Risks, LLC

-----------------------------------------
Name:             Ronald L. Jensen
                  Member

Name:             Gladys M. Jensen
                  Member

For eGlobe, Inc.

-----------------------------------------
Name:
Title:AUTOTOTE CORPORATION

               $110,000,000 10 7/8% Series B Senior Notes due 2004

                          FIRST SUPPLEMENTAL INDENTURE

                           Dated as of August 5, 2000

                                       to

                                    INDENTURE

                            Dated as of July 28, 1997

                             ----------------------

                          The Bank of New York, Trustee
<PAGE>

            FIRST SUPPLEMENTAL INDENTURE, dated as of August 5, 2000, among
Autotote Corporation, a Delaware corporation (the "Company"), Autotote
Enterprises Inc., Marvin H. Sugarman Productions, Inc., Autotote Keno Corp.,
Autotote Systems Inc., Autotote International Inc., Autotote Management Corp.
and Autotote Lottery Corp. (collectively, the "Guarantors") and The Bank of New
York, a New York banking corporation, as Trustee (the "Trustee").

            WHEREAS, the Company, the Guarantors and IBJ Schroder Bank & Trust
Company, as trustee, executed an Indenture, dated as of July 28, 1997 (the
"Indenture"), in respect of $110,000,000 aggregate principal amount of 10 7/8%
Senior Notes due 2004;

            WHEREAS, the Trustee is the successor to IBJ Schroder Bank & Trust
Company, as trustee, under the Indenture;

            WHEREAS, for all purposes of this First Supplemental Indenture,
except as otherwise defined or unless the context otherwise requires, terms used
in capitalized form in this First Supplemental Indenture and defined in the
Indenture have the meanings specified in the Indenture;

            WHEREAS, for all purposes of this First Supplemental Indenture, the
terms "Statement," "Tender Offer" and "Requisite Consents" shall have the
meanings ascribed to such terms in the amendments to the Indenture provided for
in Section 1.1 of this First Supplemental Indenture.

            WHEREAS, Section 9.02 of the Indenture permits the Company and the
Trustee, with the written consent of the Holders of at least 75% of the
outstanding aggregate principal amount of Securities, to amend or supplement the
Indenture or the Securities as hereinafter provided;

            WHEREAS, all conditions and requirements necessary to make this
First Supplemental Indenture a valid, binding and legal instrument in accordance
with its terms have been performed and fulfilled and the execution and delivery
hereof have been in all respects duly authorized.

            NOW, THEREFORE, in consideration of the above premises, each party
agrees, for the benefit of the other parties and for the equal and ratable
benefit of the Holders of the Securities, as follows:

                                    ARTICLE I

                                   AMENDMENTS

      Section 1.1 Interim Amendments. The Indenture is hereby amended as
follows:

            (a) The following definitions are hereby added to Section 1.01 of
the Indenture:

<PAGE>

            "New Indebtedness" means Indebtedness of the Company and/or its
      Restricted Subsidiaries in an aggregate principal amount not to exceed,
      without duplication, $200,000,000 (or the economic equivalent of
      $200,000,000 if such Indebtedness is in a currency other than United
      States Dollars) at any one time outstanding (and any guarantees of (or
      other credit support in respect of) such Indebtedness by the Company or
      any of its Subsidiaries), provided that (i) an amount not less than the
      net proceeds to the Company and its Restricted Subsidiaries of such
      Indebtedness is, upon the incurrence of such Indebtedness, placed into an
      escrow account (the "Escrow Account") pursuant to an escrow agreement (the
      "Escrow Agreement") with an escrow agent (the "Escrow Agent") that is a
      commercial bank or trust company which shall have (or, in the case of a
      commercial bank or trust company included in a bank holding company
      system, the related bank holding company shall have) a combined capital
      and surplus of at least $100,000,000 as set forth in its most recent
      published annual report of condition and shall be subject to supervision
      or examination by federal or state authorities, (ii) the Escrow Agreement
      provides, inter alia, that the amounts held in escrow (A) may be invested
      in cash and Cash Equivalents, (B) must, in the event that the Tender Offer
      is terminated or withdrawn prior to acceptance for payment of Securities,
      the tender of which represents the Requisite Consents, be used (within no
      later than 45 days after such termination or withdrawal), together with
      any other necessary funds to be supplied by the Company and/or its
      Subsidiaries, to redeem or repay such Indebtedness at a redemption or
      repayment price not in excess of 101% of the principal amount thereof plus
      accrued and unpaid interest thereon to the date of redemption or repayment
      and (C) so long as any of such Indebtedness is outstanding, may not be
      used for any purpose other than the redemption or repayment of such
      Indebtedness (as contemplated by the preceding clause (B)) unless and
      until an Officers' Certificate has been delivered to the Escrow Agent
      stating that Securities, the tender of which represents the Requisite
      Consents, have been accepted for payment pursuant to the Tender Offer.

            "Requisite Consents" shall have the meaning ascribed to such term in
      the Statement.

            "Statement" means the Company's Offer to Purchase and Consent
      Solicitation Statement dated July 24, 2000 (as it may be supplemented and
      amended from time to time).

            "Tender Offer" means the Company's offer to purchase for cash, upon
      the terms and subject to the conditions set forth in the Statement and in
      the accompanying Consent and Letter of Transmittal (as it may be
      supplemented and amended form time to time), all of the outstanding
      Securities.

            (b) Article Four of the Indenture is hereby amended by adding
thereto a new Section 4.20 reading in its entirety as follows:

            SECTION 4.20 New Indebtedness.

            Anything in this Indenture to the contrary notwithstanding, (i) the
      Company and/or its Subsidiaries may incur the New Indebtedness at any time
      prior to the termination or withdrawal of the Tender Offer, (ii) neither
      the New Indebtedness nor any guarantee thereof need be subordinate to the
      Securities or any Guarantee even if the New Indebtedness and/or any
      guarantee thereof is subordinated to any other Indebtedness of the Company
      or any Guarantor, and (iii) any Liens on the Escrow Account or the

                                      -2-
<PAGE>

      securities or funds therein securing the New Indebtedness shall be deemed
      to be Permitted Liens.

            The Company covenants and agrees that, in the event that the Tender
      Offer is terminated or withdrawn prior to acceptance for payment of
      Securities, the tender of which represents the Requisite Consents, the New
      Indebtedness will be redeemed or repaid no later than 45 days after such
      termination or withdrawal at a redemption or repayment price not in excess
      of 101% of the principal amount thereof plus accrued and unpaid interest
      thereon to the date of redemption or repayment.

      Section 1.2 Other Amendments. The Indenture is hereby further amended as
follows:

      (a) Sections 4.03 through 4.19 of the Indenture and Section 10.17 of the
Indenture are hereby deleted.

      (b) Section 5.01 of the Indenture is hereby amended to read in its
entirety as follows:

            SECTION 5.01. Merger, Consolidation and Sale of Assets.

            (a) The Company will not, in a single transaction or series of
      related transactions, consolidate or merge with or into any Person, or
      sell, assign, transfer, lease, convey or otherwise dispose of all or
      substantially all of the Company's assets whether as an entirety or
      substantially as an entirety to any Person unless: (i) the Person (if
      other than the Company or a Restricted Subsidiary of the Company) formed
      by such consolidation or into which the Company is merged or the Person
      which acquires by sale, assignment, transfer, lease, conveyance or other
      disposition of all or substantially all of the Company's assets (the
      "Surviving Entity") shall expressly assume, by supplemental indenture (in
      form satisfactory to the Trustee), executed and delivered to the Trustee,
      the due and punctual payment of the principal of, and premium, if any, and
      interest on all of the Securities and the performance of every covenant of
      the Securities, this Indenture and the Registration Rights Agreement on
      the part of the Company to be performed or observed; and (ii) the Company
      or the Surviving Entity shall have delivered to the Trustee an Officers'
      Certificate and an opinion of counsel, each stating that such
      consolidation, merger, sale, assignment, transfer, lease, conveyance or
      other disposition and, if a supplemental indenture is required in
      connection with such transaction, such supplemental indenture comply with
      the applicable provisions of this Indenture and that all conditions
      precedent in this Indenture relating to the execution of such supplemental
      indenture have been satisfied.

            Upon any consolidation, combination or merger or any transfer of all
      or substantially all of the assets of the Company in accordance with the
      foregoing, in which the Company is not the continuing corporation, the
      successor Person formed by such consolidation or into which the Company is
      merged or to which such conveyance, lease or transfer is made shall
      succeed to, and be substituted for, and may exercise every right and power
      of, the Company under this Indenture and the Securities with the same
      effect as if such surviving entity had been named as such and the Company
      shall be relieved of all of its Obligations and duties under this
      Indenture and the Securities.

                                      -3-
<PAGE>

            Each Guarantor (other than any Guarantor whose Guarantee is to be
      released in accordance with the terms of the Guarantee and this Indenture)
      will not, and the Company will not cause or permit any Guarantor (other
      than any Guarantor whose Guarantee is to be released in accordance with
      the terms of the Guarantee and this Indenture) to, consolidate with or
      merge into any Person other than the Company or any other Guarantor
      unless: the entity formed by or surviving any such consolidation or merger
      (if other than the Guarantor) or to which such sale, lease, conveyance or
      other disposition shall have been made assumes by supplemental indenture
      all of the Obligations of the Guarantor on the Guarantee. Any merger or
      consolidation of a Guarantor with and into the Company (with the Company
      being the surviving entity) or another Guarantor that is a Wholly Owned
      Restricted Subsidiary of the Company need not comply with this Section
      5.01.

      (c) Section 6.01 of the Indenture is hereby amended to read in its
entirety as follows:

            SECTION 6.01. Events of Default.

            An "Event of Default" means any of the following events:

            (a) the failure to pay interest on any Securities when the same
      becomes due and payable and the default continues for a period of 30 days;

            (b) the failure to pay the principal on any Securities, when such
      principal becomes due and payable, at maturity, upon redemption or
      otherwise (including the failure to make a payment to purchase Securities
      tendered pursuant to a Change of Control Offer or a Net Proceeds Offer);

            (c) [Intentionally deleted]

            (d) [Intentionally deleted]

            (e) [Intentionally deleted]

            (f) the Company (i) admits in writing its inability to pay its debts
      generally as they become due, (ii) commences a voluntary case or
      proceeding under any Bankruptcy Law with respect to itself, (iii) consents
      to the entry of a judgment, decree or order for relief against it in an
      involuntary case or proceeding under any Bankruptcy Law, (iv) consents to
      the appointment of a Custodian of it or for substantially all of its
      property, (v) consents to or acquiesces in the institution of a bankruptcy
      or an insolvency proceeding against it, (vi) makes a general assignment
      for the benefit of its creditors or (vii) takes any partnership or
      corporate action, as the case may be, to authorize or effect any of the
      foregoing; or

            (g) a court of competent jurisdiction enters a judgment, decree or
      order for relief in respect of the Company in an involuntary case or
      proceeding under any Bankruptcy Law, which shall (i) approve as properly
      filed a petition seeking reorganization, arrangement, adjustment or
      composition in respect of the

                                      -4-
<PAGE>

      Company, (ii) appoint a Custodian of the Company or for substantially all
      of its property or (iii) order the winding-up or liquidation of its
      affairs; and such judgment, decree or order shall remain unstayed and in
      effect for a period of 60 consecutive days;

            (h) any of the Guarantees ceases to be in full force and effect or
      any of the Guarantees is declared to be null and void and unenforceable or
      any of the Guarantees is found to be invalid by a final judgment or order
      that is not appealable or any of the Guarantors denies its liability under
      its Guarantee (other than by reason of release of a Guarantor in
      accordance with the terms of this Indenture); and

            (i) the termination of any Guarantee for any reason not permitted by
      this Indenture or the denial of any Person acting on behalf of any
      Guarantor of its Obligations under any such Guarantee.

            (d) Section 10.04 of the Indenture is hereby amended to read in its
      entirety as follows:

            SECTION 10.04. Release of a Guarantor.

            (a) Upon the sale or disposition of all of the Capital Stock of a
      Guarantor by the Company or a Subsidiary of the Company, as the case may
      be, or upon the consolidation or merger of a Guarantor with or into any
      Person (in each case, other than to the Company or an Affiliate of the
      Company), or if any Guarantor is dissolved or liquidated in accordance
      with this Indenture, such Guarantor's Guarantee shall be released, and
      such Guarantor and each Subsidiary of such Guarantor that is also a
      Guarantor shall be deemed released from all Obligations under this Article
      Ten without any further action required on the part of the Trustee or any
      Holder. Any Guarantor not so released or the entity surviving such
      Guarantor, as applicable, shall remain or be liable under its Guarantee as
      provided in this Article Ten. Concurrently with the defeasance of the
      Securities under Article Eight hereof, the Guarantors shall be released
      from all of their obligations under their Guarantees and this Article Ten.

            (b) The Trustee shall deliver an appropriate instrument evidencing
      the release of a Guarantor upon receipt of a request by the Company or
      such Guarantor accompanied by an Officers' Certificate and an Opinion of
      Counsel certifying as to the compliance with this Section 10.04; provided
      the legal counsel delivering such Opinion of Counsel may rely as to
      matters of fact on one or more Officers' Certificates of the Company.

            The Trustee shall execute any documents reasonably requested by the
      Company or a Guarantor in order to evidence the release of such Guarantor
      from its Obligations under its Guarantee endorsed on the Securities and
      under this Article Ten.

            Except as set forth in Articles Four and Five and this Section
      10.04, nothing contained in this Indenture or in any of the Securities
      shall prevent any consolidation or

                                      -5-
<PAGE>

      merger of a Guarantor with or into the Company or another Guarantor or
      shall prevent any sale or conveyance of the property of a Guarantor as an
      entirety or substantially as an entirety to the Company or another
      Guarantor.

            (e) The amendments to the Indenture effected by Section 1.1 of this
      First Supplemental Indenture are hereby deleted.

            (f) All references in the Indenture to the Sections of the Indenture
      deleted pursuant to Section 1.2(a) of this First Supplemental Indenture
      are hereby deleted.

            (g) The definitions of the following terms are hereby deleted from
      Section 1.01 of the Indenture:

                  Acquired Indebtedness
                  Affiliate Transaction
                  Asset Acquisition
                  Attributable Debt
                  Consolidated EBITDA
                  Consolidated Fixed Charge Coverage Ratio
                  Consolidated Fixed Charges
                  Consolidated Interest Expense
                  Consolidated Net Worth
                  Consolidated Non-cash Charges

                            MISCELLANEOUS PROVISIONS

            Section 2.1. Indenture. Except as amended hereby, the Indenture and
the Securities are in all respects ratified and confirmed and all their terms
shall remain in full force and effect.

            Section 2.2. Governing Law. THIS FIRST SUPPLEMENTAL INDENTURE SHALL
BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK, AS APPLIED TO CONTRACTS MADE AND PERFORMED WITHIN THE STATE OF NEW YORK,
WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS.

            Section 2.3. Successors. All agreements of the Company or a
Guarantor in this First Supplemental Indenture shall bind its successors. All
agreements of the Trustee in this First Supplemental Indenture shall bind its
successors.

            Section 2.4. Multiple Counterparts. This First Supplemental
Indenture may be executed in any number of counterparts, each of which shall be
an original; but such counterparts shall together constitute but one and the
same instrument.

            Section 2.5. Effectiveness and Operativeness. The provisions of this
First Supplemental Indenture shall become effective, and the amendments provided
for in Section 1.1 of this First Supplemental Indenture shall be operative,
immediately upon the execution and delivery by the Trustee of this First
Supplemental Indenture. However, the amendments

                                      -6-
<PAGE>

provided for in Section 1.2 of this First Supplemental Indenture shall only
become operative when Securities, the tender of which pursuant to the Tender
Offer represents the Requisite Consents, are accepted for payment on the
Acceptance Date (as such term is defined in the Statement).

            Section 2.6. Trustee's Disclaimer. Except for the second recital
contained herein, the recitals contained herein shall be taken as the statements
of the Company and the Guarantors and the Trustee assumes no responsibility for
their correctness. The Trustee makes no representations as to the validity or
sufficiency of this First Supplemental Indenture.

                  (REMAINDER OF PAGE INTENTIONALLY LEFT BLANK)

                                      -7-
<PAGE>

                                   SIGNATURES

            IN WITNESS WHEREOF, the parties hereto have caused this First
Supplemental Indenture to be duly executed, all as of the date first written
above.

                                        The Company:
                                        AUTOTOTE CORPORATION

                                        By: /s/ Martin E. Schloss
                                           -------------------------------------
                                           Name:  Martin E. Schloss
                                           Title: Vice President

                                        The Guarantors:
                                        AUTOTOTE ENTERPRISES INC.

                                        By: /s/ Martin E. Schloss
                                           -------------------------------------
                                           Name:  Martin E. Schloss
                                           Title: Vice President

                                        MARVIN H. SUGARMAN PRODUCTIONS, INC.

                                        By: /s/ Martin E. Schloss
                                           -------------------------------------
                                           Name:  Martin E. Schloss
                                           Title: Vice President

                                        AUTOTOTE KENO CORP.

                                        By: /s/ Martin E. Schloss
                                           -------------------------------------
                                           Name:  Martin E. Schloss
                                           Title: Vice President

                                      -8-
<PAGE>

                                        AUTOTOTE SYSTEMS INC.

                                        By: /s/ Martin E. Schloss
                                           -------------------------------------
                                           Name:  Martin E. Schloss
                                           Title: Vice President

                                        AUTOTOTE INTERNATIONAL INC.

                                        By: /s/ Martin E. Schloss
                                           -------------------------------------
                                           Name:  Martin E. Schloss
                                           Title: Vice President

                                        AUTOTOTE MANAGEMENT CORP.

                                        By: /s/ Martin E. Schloss
                                           -------------------------------------
                                           Name:  Martin E. Schloss
                                           Title: Vice President

                                        AUTOTOTE LOTTERY CORP.

                                        By: /s/ Martin E. Schloss
                                           -------------------------------------
                                           Name:  Martin E. Schloss
                                           Title: Vice President

                                        The Trustee:
                                        THE BANK OF NEW YORK

                                        By: /s/ Julie Salovitch-Miller
                                           -------------------------------------
                                           Name:  Julie Salovitch-Miller
                                           Title: Vice President

                                      -9-

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