Document:

EXHIBIT 10.10

THIS NOTE HAS NOT BEEN  REGISTERED  UNDER THE SECURITIES ACT OF 1933, AS AMENDED
OR, IF APPLICABLE, STATE SECURITIES LAWS. THIS NOTE MAY NOT BE SOLD, OFFERED FOR
SALE,  PLEDGED  OR  HYPOTHECATED  IN THE  ABSENCE OF AN  EFFECTIVE  REGISTRATION
STATEMENT  AS TO THIS NOTE UNDER  SAID ACT OR AN  OPINION OF COUNSEL  REASONABLY
SATISFACTORY TO YOUBET.COM, INC. THAT SUCH REGISTRATION IS NOT REQUIRED.

                                      NOTE
                                      ----

                  FOR VALUE RECEIVED,  Youbet.com,  Inc. a Delaware  corporation
(the "Borrower"), hereby promises to pay to Zweig-DiMenna Special Opportunities,
L.P., a Delaware  limited  liability  company (the  "Holder") or order,  without
demand,  the sum of FIFTY ONE  THOUSAND  FIVE  HUNDRED  DOLLARS  ($51,500)  with
interest at the rate of 10% per annum. The principal amount of the Note shall be
due and payable on February 11, 2005 (the "Maturity Date").

                  The following terms shall apply to this Note:

                                    ARTICLE I

                                     PAYMENT

                  1.1  Payment of Interest.  Interest shall be paid quarterly in
                       --------------------
arrears commencing on May 11, 2003.

                  1.3  Maturity.  On the  Maturity  Date,  the entire  principal
                       ---------
amount  and any unpaid  accrued  interest  shall be paid to the  Holder  without
offset or deduction of any kind.

                  1.4  Prepayment.  Any  prepayment  shall  include  all accrued
                       -----------
interest  to the  date of such  prepayment.  This  Note may be  prepaid  without
penalty prior to the Maturity Date upon at least 15 days notice.

                                   ARTICLE II

                                EVENTS OF DEFAULT

                  2.1 Events of Default.  The occurrence of any of the following
                      ------------------
events of  default  ("Event  of  Default")  shall,  at the  option of the Holder
hereof,  make the principal  balance then remaining  unpaid hereon and all other
amounts  payable  hereunder  immediately  due and payable,  all without  demand,
presentment  or notice,  or grace  period,  all of which  hereby  are  expressly
waived, except as set forth below:

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                  (a) Failure to Pay  Principal  and/or  Interest.  The Borrower
                      -------------------------------------------
fails to pay any  installment of principal or interest  hereon when due and such
failure continues for a period of ten (10) days after the due date.

                  (b) Breach of  Covenant.  The  Borrower  breaches any material
                      -------------------
covenant or other term or condition of this Note,  the Note  Purchase  Agreement
entered into by the Holder and Borrower in connection  with this Note (the "Note
Purchase  Agreement"),  and the Intercreditors  Agreement,  each dated as of the
date hereof,  (together  with the Note  Purchase  Agreement,  collectively,  the
"Transactional  Documents") in any material respect and such breach,  if subject
to cure,  continues  for a period of ten (10) days after  written  notice to the
Borrower from the Holder.

                  (c) Breach of  Representations  and  Warranties.  Any material
                      -------------------------------------------
representation  or warranty  of the  Borrower  made herein in any  Transactional
Document shall be false or misleading in any material respect.

                  (d) Receiver or Trustee. The Borrower shall make an assignment
                      --------------------
for the benefit of creditors,  or apply for or consent to the  appointment  of a
receiver  or  trustee  for it or for a  substantial  part  of  its  property  or
business; or such a receiver or trustee shall otherwise be appointed.

                  (e)  Judgments.  Any money  judgment,  writ or  similar  final
                       ----------
process,  shall be entered or filed  against  Borrower or any of its property or
other assets for more than  $500,000,  and shall remain  unvacated,  unbonded or
unstayed for a period of forty-five (45) days.

                  (f)  Bankruptcy.  Bankruptcy,  insolvency,  reorganization  or
                       ----------
liquidation  proceedings or other proceedings or relief under any bankruptcy law
or any law for the  relief of debtors  shall be  instituted  by or  against  the
Borrower and if instituted  against Borrower are not dismissed within 60 days of
initiation.

                  (g) Cross  Default.  The Company  shall  default in any of its
                      --------------
obligations  under any mortgage,  indenture or instrument,  other than the lease
for the premises  located at 5901 DeSoto  Avenue,  Woodland  Hills,  California,
under  which  there may be issued any  indebtedness  of the Company in an amount
exceeding  $500,000 and such default shall result in such indebtedness  becoming
or being declared due and payable prior to the date on which it would  otherwise
become due and payable.

                  2.2 Enforcement.  Upon the occurrence of any Event of Default,
                      -----------
the Holder may  thereupon  proceed to protect and  enforce its rights  either by
suit in  equity  and/or by  action  at law or by other  appropriate  proceedings
whether for the  specific  performance  (to the extent  permitted by law) of any
covenant or  agreement  contained  in this Note or in aid of the exercise of any
power granted in this Note, and proceed to enforce the payment of this Note held
by it, and to enforce any other legal or equitable right of such Holder.

                  2.3 Waiver;  Release. Except as expressly provided for herein,
                      -----------------
the  Company  specifically  (i)  waives  all rights it may have (A) to notice of
nonpayment,  notice of  default,  demand,  presentment,  protest  and  notice of

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<PAGE>

protest with respect to any of the  obligations  hereunder  and (B) to notice of
acceptance  hereof or of any other action taken in reliance  hereon,  notice and
opportunity  to be heard  before the  exercise by the Holder of the  remedies of
self-help,  set-off,  or other  summary  procedures  and all other  demands  and
notices of any type or  description  except for cure periods;  and (ii) releases
the Holder, its officers,  directors,  agents,  employees and attorneys from all
claims for loss or damage caused by any act or failure to act on the part of the
Holder,  its officers,  attorneys,  agents,  directors and employees  except for
gross negligence or willful misconduct.

                  2.4 Intercreditors Agreement.  Notwithstanding anything herein
                      -------------------------
to the contrary,  all of Holder's rights hereunder shall be subject to the terms
of the  Intercreditors  Agreement dated as of the date hereof among Holder,  the
Borrower  and other  holders of notes of the Borrower of which this Note is part
of a series of notes. To the extent of any conflict  between the  Intercreditors
Agreement and this Note, the provisions of the  Intercreditors  Agreement  shall
prevail.

                                   ARTICLE III

                                  MISCELLANEOUS

                  3.1 Failure or Indulgence  Not Waiver.  No failure or delay on
                      ----------------------------------
the part of Holder  hereof in the  exercise  of any  power,  right or  privilege
hereunder  shall  operate as a waiver  thereof,  nor shall any single or partial
exercise  of any  such  power,  right or  privilege  preclude  other or  further
exercise  thereof  or of any other  right,  power or  privilege.  All rights and
remedies existing  hereunder are cumulative to, and not exclusive of, any rights
or remedies otherwise available.

                  3.2  Notices.  Any notice  herein  required or permitted to be
                       -------
given  shall  be in  writing  and  may  be  personally  served  or  sent  by fax
transmission  (with copy sent by  certified or  registered  mail or by overnight
courier).  For the purposes hereof,  the address and fax number of the Holder is
as set  forth on the  first  page  hereof.  The  address  and fax  number of the
Borrower  shall  be  5901  DeSoto  Avenue,  Woodland  Hills,  California  91367,
facsimile  number:  (818)  668-2101.  Both  Holder and  Borrower  may change the
address  and fax number for  service by service of notice to the other as herein
provided.

                  3.3  Amendment  Provision.  The term "Note" and all  reference
                       ---------------------
thereto,  as used  throughout  this  instrument,  shall mean this  instrument as
originally executed, or if later amended or supplemented,  then as so amended or
supplemented.

                  3.4  Assignability.  This  Note  shall  be  binding  upon  the
                       --------------
Borrower and its successors  and assigns,  and shall inure to the benefit of the
Holder and its successors and assigns, and may be assigned by the Holder.

                  3.5 Cost of  Collection.  If default is made in the payment of
                      -------------------
this Note,  Borrower shall pay the Holder hereof reasonable costs of collection,
including reasonable attorneys' fees.

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<PAGE>

                  3.6 Maximum Payments. Nothing contained herein shall be deemed
                      -----------------
to  establish  or require the payment of a rate of interest or other  charges in
excess of the maximum permitted by applicable law. In the event that the rate of
interest  required  to be paid or other  charges  hereunder  exceed the  maximum
permitted by such law, any payments in excess of such maximum  shall be credited
against  amounts  owed by the  Borrower  to the Holder and thus  refunded to the
Borrower.

                  3.7  Governing  Law and Venue.  This Note shall be governed by
                       -------------------------
and interpreted in accordance  with the laws of the State of California  without
regard to the  principles  of conflict of laws.  In the event of any  litigation
regarding  the   interpretation   or  application  of  this  Note,  the  parties
irrevocably  consent  to  jurisdiction  in any of the  state or  federal  courts
located in the City of Los Angeles,  State of California  and waive their rights
to  object  to  venue  in any  such  court,  regardless  of the  convenience  or
inconvenience  thereof  to any party.  Service  of  process in any civil  action
relating to or arising out of this Agreement or the transaction(s)  contemplated
herein may be  accomplished  in any manner  provided by law. The parties  hereto
agree that a final, non-appealable judgment in any such suit or proceeding shall
be  conclusive  and  may be  enforced  in  other  jurisdictions  by suit on such
judgment or in any other lawful manner.

         IN WITNESS  WHEREOF,  Borrower has caused this Note to be signed in its
name by its President on this 11th day of February, 2003.

                                                     YOUBET.COM, INC.

                                                     By: /S/Charles Champion
                                                     --------------------------
                                                     Name: Charles Champion
                                                     Title:   President

                                       55
<PAGE>Exhibit 10.12

                  AMENDMENT NO. 1 TO REVOLVING CREDIT AGREEMENT

THIS AMENDMENT NO. 1 TO CREDIT AGREEMENT (this "Amendment") is made and entered
into as of May 15, 2002 among each of TECHNITROL , INC., a Pennsylvania
corporation (the "Parent"); PULSE ENGINEERING INC., a Delaware corporation, and
AMI DODUCO, INC., a Pennsylvania corporation (the "US Facility Borrowers"); AMI
DODUCO HOLDING GMBH, a company organized under the laws of Germany, AMI DODUCO
GMBH, a company organized under the laws of Germany, AMI DODUCO ESPANA S.L., a
company organized under the laws of Spain, AMI DODUCO ITALIA SRL, a company
organized under the laws of Italy, AMI DODUCO (FRANCE) S.A.S., a company
organized under the Republic of France, AMI DODUCO (UK) LIMITED, a company
organized under the laws of England (the "Offshore Facility Borrowers" and
together with the US Facility Borrowers, the "Borrowers"); EACH OF THE
UNDERSIGNED SUBSIDIARY GUARANTORS OF THE BORROWERS (the "Guarantors"), BANK OF
AMERICA, N.A., and each other lender which may hereafter execute and deliver an
instrument of assignment with respect to the US Facility under this Agreement
pursuant to Section 12.01 (hereinafter such lenders may be referred to
individually as a "US Facility Lender" or collectively as the "US Facility
Lenders"); BANK OF AMERICA, N.A., as lender under the Offshore Facility
(hereinafter an "Offshore Facility Lender"); BANK OF AMERICA, N.A., in its
capacity as agent for the Lenders (the "Agent"); PNC BANK, NATIONAL ASSOCIATION,
as Syndication Agent and as Lender, FLEET NATIONAL BANK, as Documentation Agent
and as Lender, and EACH OF THE FINANCIAL INSTITUTIONS SIGNATORY HERETO.

                              W I T N E S S E T H:

      WHEREAS, the Borrowers, the Lenders party thereto (the "Lenders") and the
Agent have entered into that certain Credit Agreement dated as of June 20, 2001
(the "Credit Agreement"), pursuant to which the Lenders have made and agreed to
make certain Loans to, and issue Letters of Credit for the account of, the
Borrowers; and

      WHEREAS, the Borrowers have requested that the Agent and the Lenders
consent to certain amendments to the Credit Agreement; and

      WHEREAS, subject to the terms and conditions specified below, the Agent
and the Lenders signatory hereto are willing to consent to the requested
amendments;

      NOW, THEREFORE, in consideration of the mutual covenants and the
fulfillment of the conditions set forth herein, the parties hereto do hereby
agree as follows:

      1. Definitions. Any capitalized term used herein without definition shall
have the meaning set forth in the Credit Agreement.

      2. Amendments to the Credit Agreement. Subject to the terms and conditions
set forth herein, the Credit Agreement is hereby amended as follows:

      (a) The definition of "EBITDA" in Section 1.01 the Credit Agreement is
hereby amended in its entirety to read as follows:

            "EBITDA" for any Person as of any date means an amount, determined
      on a consolidated basis, equal to the sum of (i) the net income of such
      Person from continuing operations for the immediately preceding twelve
      (12) calendar months, plus (ii) Interest Expense to the extent deducted in
      determining net income for such period, plus (iii) the provision for
      domestic and foreign taxes for such period based on income or profits to
      the extent such income or profits were included in computing net income
      for such period, plus (iv) depreciation deducted in determining net income
      for such period, plus (v) amortization deducted in determining net income
      for such period, provided, however, that all such amounts shall be
      determined in accordance with GAAP, and there shall be excluded from the
      foregoing computation (A) all non-cash income, gains and losses to the
      extent included in net income for such period (e.g. writing off of in
      process research and development), (B) all gains or losses from the sales
      of assets not

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<PAGE>

Exhibit 10.12

      sold in the ordinary course of business to the extent included in net
      income for such period and (C) all non-cash charges incurred in connection
      with changes to Statements of Financial Accounting Standards (SFAS).

      (b) The definition of "Offshore Facility Commitment" in Section 1.01 the
Credit Agreement is hereby amended in its entirety to read as follows:

            "Offshore Facility Commitment" means the Offshore Facility Lenders'
      commitment to provide Offshore Facility Loans in an aggregate amount equal
      to the U.S. Dollar Equivalent Amount of $75,000,000.

      (c) The definition of "Total Commitment" in Section 1.01 the Credit
Agreement is hereby amended in its entirety to read as follows:

            "Total Commitment" means an amount equal to US $175,000,000
      inclusive of the Letter of Credit Commitment and the Offshore Facility
      Commitment, as reduced from time to time in accordance with Section 2.07.

      (d) Section 9.15(a) of the Credit Agreement is hereby amended in its
entirety to read as follows:

            (a) Minimum Net Worth. Fail to maintain at the end of each fiscal
      quarter, commencing the fiscal quarter ending March 31, 2001, consolidated
      Net Worth in an amount not less than $259,300,000 plus (y) 50% of the
      Parent's cumulative consolidated net income from and after March 31, 2001
      and (z) 100% of the aggregate amount of all increases in the stated
      capital and additional paid-in capital accounts resulting from the
      issuance, sale or exchange of equity securities or other capital
      investments. For purposes of determining the required minimum as aforesaid
      (i) cumulative consolidated net income shall include consolidated net
      income for entire fiscal quarters only and shall be determined by
      reference to the financial statements delivered under Section 8.08, and
      (ii) a consolidated net loss during any period shall be deemed to be
      consolidated net income in the amount of zero.

      (e) Exhibit A and Schedule 1.1 to the Credit Agreement are hereby deleted
and replaced by Exhibit A and Schedule 1.1 attached hereto.

      3. Conditions to Effectiveness. This Amendment shall become effective only
upon the receipt by the Agent, in form and substance satisfactory to it, of four
executed counterparts of this Amendment executed by the Borrowers, the
Guarantors and the Required Lenders.

      4. Representations and Warranties. In order to induce the Agent and the
Lenders to enter into this Amendment, each Borrower represent and warrant to the
Agent and the Lenders as follows:

            (a) The representations and warranties made by the Borrowers or
      Guarantor in Article VII of the Credit Agreement and in each of the other
      Loan Documents to which it is a party after giving effect to the
      transactions contemplated by this Amendment are true and correct in all
      material respects on and as of the date hereof, except to the extent that
      such representations and warranties expressly relate to an earlier date
      (in which case they continue to be true as of such earlier date);

            (b) There has been no material adverse change in the condition,
      financial or otherwise, of the Parent and its Subsidiaries, taken as a
      whole, since the date of the most recent financial reports of the Parent
      received by each Agent and the Lenders under Section 8.08 of the Credit
      Agreement;

                                       2
<PAGE>

Exhibit 10.12

            (c) The execution, delivery and performance by each Borrower and
      each Guarantor of this Amendment are within its corporate powers, have
      been duly authorized by all necessary corporate action and do not
      contravene (i) its charter or by-laws, (ii) any applicable laws or (iii)
      any legal or contractual restriction binding on or affecting any Borrower
      or any Subsidiary; and such execution, delivery and performance do not or
      will not result in or require the creation of any Lien upon or with
      respect to any of its properties.

            (d) This Amendment constitutes the legal, valid and binding
      obligation of each Borrower and each Guarantor, enforceable against each
      Borrower and each Guarantor in accordance with its terms, except to the
      extent enforceability may be limited by bankruptcy, insolvency fraudulent
      conveyance, reorganization, moratorium or similar laws affecting the
      enforceability of creditor's rights generally or by equitable principles
      of general application (whether considered in an action at law or in
      equity).

            (e) No governmental approval is required for the due execution,
      delivery and performance by each Borrower of this Amendment, except for
      such governmental approvals as have been duly obtained or made and which
      are in full force and effect on the date hereof and not subject to appeal.

            (f) There are no pending or threatened actions, suits or proceedings
      affecting any Borrower or any Subsidiary or the properties of any Borrower
      or any Subsidiary before any court, governmental agency or arbitrator,
      that may, if adversely determined, materially adversely affect the
      financial condition, properties, business, operations or prospects of the
      Parent and it Subsidiaries, considered as a whole, or affect the legality,
      validity or enforceability of this Amendment or any other Loan Document.

            (g) No Default or Event of Default has occurred and is continuing.

      5. Full Force and Effect of Agreement. Except as hereby specifically
amended, modified or supplemented, the Credit Agreement and all other Loan
Documents are hereby confirmed and ratified in all respects by each party hereto
and shall be and remain in full force and effect according to their respective
terms.

      6. Counterparts. This Amendment may be executed in any number of
counterparts, each of which shall be deemed an original as against any party
whose signature appears thereon, and all of which shall together constitute one
and the same instrument.

      7. Governing Law. This Amendment shall in all respects be governed by, and
construed in accordance with, the laws of the state of New York.

      8. Enforceability. Should any one or more of the provisions of this
Amendment be determined to be illegal or unenforceable as to one or more of the
parties hereto, all other provisions nevertheless shall remain effective and
binding on the parties hereto.

      9. References. All references in any of the Loan Documents to the "Credit
Agreement" shall mean the Credit Agreement as amended hereby.

      10. Successors and Assigns. This Amendment shall be binding upon and inure
to the benefit of the Borrowers, the Guarantors, the Lenders, the Agent and
their respective successors, assigns and legal representatives; provided,
however, that the Borrowers and the Guarantors, without the prior consent of the
Lenders, may not assign any rights, powers, duties or obligations hereunder.

      11. Consent of Guarantors. Each of the Guarantors joins in the execution
of this Amendment for the purposes of consenting to the amendments to the Credit
Agreement contained herein and for the further purpose of confirming its
guaranty of all Borrowers' Liabilities (as defined in the Facility Guaranties).

                                       3

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