Document:

CONSULTING AGREEMENT

      This CONSULTING AGREEMENT (this "Agreement") is made as of ________ __,
2000 (the "Effective Date") by and between Autotote Corporation, a Delaware
corporation (the "Company"), and William G. Malloy ("Consultant").

                                   BACKGROUND

      The Company has entered into an Agreement and Plan of Merger, dated as of
__________ _____, 2000 (the "Merger Agreement"), with Scientific Games Holding
Corporation, a Delaware corporation ("SGHC"), pursuant to which Dream Corp.
Merger Sub, Inc., a Delaware corporation and, a wholly owned subsidiary of the
Company will merge (the "Merger") with and into SGHC.

      Consultant serves as the Chairman, President and Chief Executive Officer
of SGHC pursuant to an employment and severance benefits agreement with SGHC,
dated as of January 1, 1998, as amended by the First Amendment thereto dated as
of April 4th, 2000 (the "ESBA"), pursuant to which Consultant has the right, but
not the obligation, to resign pursuant to Section 11(b) thereof and receive the
benefits specified therein.

      In his capacity as Chairman, President and Chief Executive Officer of
SGHC, Consultant has gained certain knowledge of the business and affairs of
SGHC and its policies, methods, personnel, and plans for the future.

      Effective as of the day and time of the Merger (the "Effective Time"), the
parties desire to terminate Consultant's position as Chairman, President and
Chief Executive Officer of SGHC by having Consultant tender his resignation
pursuant to Section 11(b) of the ESBA and enter into a consulting relationship,
under which Consultant would provide services to the Company in accordance with
the terms and conditions of this Agreement. The Company and Consultant agree
that, notwithstanding anything in the ESBA to the contrary, the Merger
constitutes a Change in Control under the ESBA and that the ESBA shall survive
as provided therein with respect to the payment of severance benefits to
Consultant as a result of such Change in Control as contemplated by the ESBA.

      Each of Consultant and the Company agree that the terms, conditions, and
provisions of this Agreement are fair and reasonable and are necessary to
protect the legitimate business interests of each other.

      THEREFORE, in consideration of the mutual promises and covenants set forth
herein and other good and valuable consideration, the receipt and sufficiency of
which are mutually acknowledged, the Company and Consultant agree as follows:

      1. STATUS OF EMPLOYMENT UNDER ESBA AGREEMENT. As of the Effective Time,
Consultant hereby terminates his employment pursuant to Section 11(b) of the
ESBA as President and Chief Executive Officer of SGHC and any other position he
may hold

                                       1
<PAGE>

with SGHC or any of its affiliates, and the Company hereby acknowledges SGHC's
acceptance of such resignation under the ESBA and the acceptance by SGHC and any
of such affiliates of such other resignations. Consultant agrees that his
obligations under the ESBA will survive the execution of this Agreement pursuant
to the terms of the ESBA.

      2. CONSULTING SERVICES. Subject to the terms and conditions set forth in
this Agreement, the Company hereby agrees to engage Consultant as an independent
business Consultant for the Term (as defined in Section 4 of this Agreement). In
such position, Consultant shall perform such consulting service for the Company
diligently and to the reasonable satisfaction of the Company's Board of
Directors. During the Term, Consultant will be available to the Company to
devote himself to the tasks reasonably specified by the Board of Directors of
the Company and the Chairman of the Board and Chief Executive Officer of the
Company for not more than 100 days per year not to exceed 15 days per month.
Consultant agrees not to accept other full-time employment if such employment
would result in a material adverse effect on Consultant's abilities to perform
his duties hereunder. Consultant will report to the Chief Executive Officer of
the Company or the Chairman of the Board of the Company.

      3. DIRECTORSHIP . The Consultant shall be elected to the Board of
Directors of the Company as of the Effective Time and Consultant agrees to serve
as a member of the Board of Directors of the Company pursuant to such initial
election. During the Term, so long as Consultant serves as a consultant pursuant
to this Agreement, the Company shall nominate Consultant for election to its
Board of Directors. Nothing in this Agreement shall prohibit Consultant from
resigning from the Board of Directors of the Company at any time nor shall it
prohibit Consultant from subsequently declining to stand for re-election to the
Board of Directors and, except as otherwise expressly provided in Section 5(b)
of this Agreement, the rights and obligations of the parties hereunder are
independent of whether or not Consultant is a member of the Board of Directors
of the Company. So long as Consultant serves on the Board of Directors of the
Company, as a non-employee director, Consultant shall be entitled to all
benefits provided to other non-employee directors of the Company.

      4. TERM AND TERMINATION. The term of Consultant's engagement under this
Agreement (the "Term") will commence on the Effective Time and continue until
the second anniversary of the Effective Time. The provisions of this Agreement
shall survive the termination of this Agreement to the extent required to give
full effect to the covenants and agreements contained herein. The Company may
end the Term earlier under the following circumstances:

      (a)   in the event of Consultant's death;

      (b)   if Consultant is totally disabled so that he has been unable to
            perform his duties and responsibilities hereunder for a period of
            180 consecutive days;

      (c)   if the Company's Board of Directors terminates this Agreement with
            Cause (as defined below); or

                                       2
<PAGE>

      (d)   without cause, upon thirty (30) days' prior written notice to
            Consultant; provided, however, that if the Company terminates this
            Agreement pursuant to this clause (d), the Company shall pay to
            Consultant all compensation and benefits which would be payable to
            Consultant over the remaining stated Term of the Agreement, with
            such compensation and benefits to be paid or provided, at
            Consultant's election, either in a lump sum as of the termination
            date or over time, but, in no event, longer than the stated Term of
            this Agreement; and further provided that the Company's obligation
            to fund insurance benefits over the specified periods shall be
            unaffected by any such termination unless the Company shall have
            made, and the Consultant shall have accepted, the Insurance
            Prepayment (as defined in Section 6(b)(i).

      If the Company terminates this Agreement pursuant to Section 4(a), (b),
(c) or (d) prior to the stated end of the Term, Consultant (or his
representative in the event of his death) will be entitled to receive payment of
all compensation payable by the Company pursuant to this Agreement through the
second anniversary of the Effective Time (or such longer period as expressly
contemplated hereby), except that amounts due under Section 3 will only be due
under this Agreement (without prejudice to any rights which may accrue to
Consultant solely from his continued service as a director) through the date of
termination (except as otherwise provided in any plan under which such benefits
are provided) and except that unpaid amounts due under Section 5 or Section 6
will only be due or be provided through the date of termination, in the event of
termination for Cause. To the extent any payments may be due to Consultant under
Section 7, such obligations shall survive termination of this Agreement for any
reason. The provisions of Section 8 hereof will survive any termination in
accordance with its terms and the terms of the ESBA. As used in this Agreement,
termination with "Cause" means any termination evidenced by a finding adopted in
good faith by the Board of Directors of the Company that the Consultant (i)
willfully and continually failed to substantially perform his duties under this
Agreement (other than a failure resulting from the Consultant's incapacity due
to physical or mental illness) and such failure continues after written notice
to the Consultant providing a reasonable description of the basis for the
determination that the Consultant has failed to perform his duties, (ii) has
been indicted for or has entered into a plea bargain with respect to a criminal
offense, other than misdemeanors not disclosable under the federal securities
laws, (iii) has breached this Agreement in any material respect and such breach
is not susceptible to remedy or cure or, is susceptible to remedy or cure and
material damage to the Company has occurred, and such breach is not cured or
remedied reasonably promptly after written notice to the Consultant providing a
reasonable description of the breach, (iv) engaged in conduct to the material
detriment of the Company that is dishonest, fraudulent, unlawful or grossly
negligent or which is not in compliance with the Company's written Code of
Conduct or similar applicable set of standards or conduct and business practices
set forth in writing and provided to the Consultant prior to such conduct, (v)
has been found by any regulatory authority, gaming commission, lottery agency or
similar authority in any jurisdiction in which the Company is conducting
business or intends to submit a proposal or conduct business unsuitable or unfit
to continue to perform his obligations to the Company under this Agreement, and
is the subject of a written notice received by the Company from such authority
of such a finding or (vi) has failed to file appropriate applications with,
provide requested information to, or otherwise fails to cooperate with, any such
authority. No act, nor failure to act, on the Consultant's part,

                                       3
<PAGE>

shall be considered "willful" for purposes of (i) above unless he has acted or
failed to act with an absence of good faith and without a reasonable belief that
his action or failure to act was in the best interest of the Company.

      5. COMPENSATION.

      (a)   As compensation for the performance of Consultant's services under
            this Agreement, the Company will pay Consultant $16,667 per month;

      (b)   In lieu of all estimated and potential pension benefits which would
            have continued to accrue in the future but for the Merger and in
            consideration of Consultant's agreement to forego payments which
            would otherwise be due to him under the Supplemental Executive
            Retirement Plan of SGHC had Consultant's employment with SGHC
            continued, the Company will pay Consultant a one-time cash payment
            in the amount of $1,200,000, payable at the Effective Time.

      (c)   In consideration of the extension by the Consultant of certain
            restrictions under the ESBA on his conduct to include not only SGHC
            but also the Company, as further described in Section 8 of this
            Agreement, the Company will pay Consultant a one-time cash payment
            in the amount of $1,000,000, payable at the Effective Time.

      (d)   As additional compensation for service on the Board of Director of
            the Company, the same compensation and benefits that the Company
            pays to other members of its Board of Directors that are not
            employees or officers of the Company.

      6. CONSULTANT BENEFITS; REIMBURSEMENT OF EXPENSES. As further compensation
for the performance of Consultant's services under this Agreement, the Company
shall pay or provide the following benefits, without duplication of, or
diminishment of, benefits otherwise payable to Consultant by SGHC under the ESBA
as a result of a Change in Control of SGHC. In the event any compensation or
benefits payable under any provision of this Agreement are payable either by the
Company under this Agreement or SGHC under the ESBA, such benefits shall be
deemed paid under the ESBA for all purposes.

      (a)   Reimbursement of Expenses. The Company shall pay, or reimburse
            Consultant in accordance with the Company's prevailing corporate
            policy, for reasonable travel, entertainment, and other expenses
            incurred by Consultant in performing his duties under this Agreement
            in accordance with corporate policy. Notwithstanding the foregoing,
            reasonable travel expenses always shall include subsonic first class
            air travel for all domestic air travel and subsonic business class
            air travel for all international air travel. Consultant shall obtain
            the advance approval of the Company before incurring any expenses in
            excess of $5,000 in connection with a single assignment or event.

      (b)   Insurance Benefits. The Company, at its expense, shall

                                       4
<PAGE>

            (i)   provide and maintain or cause to be provided and maintained,
                  in either case in full force and effect, for the continued
                  benefit of Consultant, his spouse and dependents until the
                  earliest of: (A) the third anniversary of the Effective Date;
                  (B) eighteen (18) months after the Effective Date if at such
                  time Consultant, his spouse or dependents, as applicable, is
                  uninsurable under the applicable plans: all health, life,
                  accident, medical and dental insurance benefit plans and
                  programs or arrangements of SGHC, including long term
                  disability insurance, in which Consultant, his spouse and
                  dependents were entitled to participate immediately prior to
                  the Effective Date all in amounts and coverage comparable to
                  those provided to such persons by SGHC or its subsidiaries
                  immediately prior to the Effective Date provided that the
                  continued participation of Consultant, his spouse and
                  dependents, as applicable, is possible under the general terms
                  and provisions of such plans and programs. In the event that
                  the participation of Consultant, his spouse or dependents in
                  any such plan or program is legally or contractually barred,
                  the Company shall use commercially reasonable efforts to
                  arrange or cause SGHC to arrange to provide Consultant, his
                  spouse or dependents, as the case may be, to the fullest
                  extent permitted by law or applicable regulation, so long as
                  said insurance is available at commercially reasonable rates,
                  for a period of not less than thirty-six (36) months (eighteen
                  (18) months if the reason the participation of Consultant, his
                  spouse or dependents are barred is that Consultant, his spouse
                  or dependents, as applicable, are uninsurable) following the
                  Effective Date, with benefits substantially similar to those
                  which Consultant, his spouse and dependents would have been
                  entitled to receive under such plans and programs; or, if the
                  Company is barred from doing so, it will pay to Consultant in
                  a lump sum (the "Insurance Prepayment") an amount of cash
                  equal on an after-tax basis to the cost to Consultant of
                  obtaining the benefits to be provided to Consultant and his
                  spouse and dependents under this Section 6(b) (but which the
                  Company is unable to provide or cause to be provided) for the
                  period specified. The cost of such benefits shall be based on
                  the cost to Consultant of obtaining such benefits from one or
                  more fiscally sound providers whose reputation and stature is
                  substantially similar to the Company's applicable benefit
                  providers immediately prior to Executive's Date of Termination

            (ii)  Pay the annual premium on the existing term life insurance
                  policy insuring the life of Consultant in the amount of
                  $4,000,000, the beneficiary of which will continue to be
                  designated in the sole discretion of Consultant. If for any
                  reason during the term of this Agreement any required policy
                  or coverage is canceled or coverage denied for any reason, the
                  Company agrees to use commercially reasonable efforts to
                  provide Consultant with replacement insurance in the required
                  amount so long as said insurance is available at commercially
                  reasonable rates. The Company may change or discontinue such
                  term insurance benefits only so long as the total

                                       5
<PAGE>

                  economic value of such term insurance benefits provided to
                  Consultant is not diminished.

      (c)   Transportation Allowance. The Company shall furnish a transportation
            allowance of $2,628 per year for the benefit of Consultant. Such
            transportation allowance shall include the cost of operating
            Consultant's motor vehicle, including gas, maintenance and repairs
            thereon and insurance therefor (which may be the allocable cost of
            group insurance for the owned motor vehicles of the Company or its
            subsidiaries). The Consultant's annual transportation allowance
            shall be increased each year by an amount equal to the product of
            the previous year's transportation allowance and a fraction, the
            numerator of which shall be the excess of the Index for March of
            such first mentioned year over the Index for March of the
            immediately preceding year and the denominator of which shall be the
            Index for March of the immediately preceding year, of this
            Agreement. The Company also shall pay on behalf of Consultant or
            reimburse Consultant in the form of an additional transportation
            allowance for all parking expenses and for any other motor vehicle
            related expenses incurred by Consultant for which the Company
            generally pays or reimburses pays or reimburses its Executive
            Officers or other Consultants. "Index" shall mean the consumer price
            index for all urban consumers, all item as published by the Bureau
            of Labor Statistics of the United States Department of Labor.

      (d)   Medical Examinations. The Company shall pay the complete cost of an
            annual physical examination for Consultant to be conducted by a
            Board certified physician, selected by the Consultant, if such costs
            are not otherwise paid by insurance furnished by the Company, not to
            exceed $1,000 per year.

      (e)   Club Membership. The Company shall pay Consultant's monthly
            membership dues for his membership in the Golf Club of Georgia in an
            amount not to exceed $450 per month.

      (f)   Computer and Communications Capability. The Company shall provide
            Consultant with the lap top computer and the wireless hand-held
            telephone provided to Consultant by SGHC immediately prior to the
            Effective Time. The Company also shall provide maintenance and
            repair or replacement thereof during the Term, as well as the cost
            of high speed internet access and the cost of all telephone access
            fees, air time charges (including long distance and roaming
            charges), taxes and other user charges with respect to the operation
            of such equipment. The Company also shall transfer title to such
            equipment then provided to Consultant upon the termination or
            expiration of this Agreement.

      (g)   Licensing Costs. The Company shall reimburse Consultant for all
            licensing costs incurred by Consultant in connection with his duties
            under this Agreement in accordance with the policies of the Company
            in effect from time to time.

                                       6
<PAGE>

      (h)   ESBA Payments. The Company shall cause SGHC to pay all cash payments
            and transfers of property due under the ESBA to be paid as of the
            Effective Time instead of at any later time permitted thereunder.

      (i)   Accounting Fees. The Company shall pay the fees and expenses of
            Ernst & Young to calculate the amount of all payments due to
            Consultant at the Effective Time pursuant to Section 6(h) above
            including any additional payment due to Consultant under Section
            11(d) of the ESBA or Section 7(b) of this Agreement.

      7. CERTAIN OTHER PAYMENTS.

      (a)   Payments In the Event of Constructive Receipt. As a further benefit,
            if at any time it is determined that Consultant must include a
            portion or all of the compensation or benefits provided pursuant to
            this Agreement in Consultant's gross income for federal income tax
            purposes prior to the time Consultant receives payment of such
            benefits, then the Company agrees to pay Consultant, as soon as
            administratively feasible, an amount of cash sufficient to enable
            Consultant to pay the full federal and state tax liability
            attributable to the inclusion of the compensation or benefits, or a
            portion thereof, in Consultant's gross income. Any cash so paid to
            Consultant shall directly reduce the amount of future installments,
            pro rata, of compensation or benefits payable to Consultant as
            provided hereunder.

      (b) Excess Parachute Payment. The Company shall, for purposes of this
Agreement, without admission of liability to any Person other than Consultant,
consider all payments due under Section 5(b) and Section 5(c) as being made in
connection with a change in control of SGHC and shall pay, as of the Effective
Time, as additional compensation hereunder, an amount which would equal, after
deducting all state and federal income taxes incurred by the Consultant with
respect to receipt of such payment, the excise tax imposed on Consultant
pursuant to Section 4999 of the Code, without duplication of payment or benefits
otherwise due to Consultant under the ESBA. As part of his Consulting Services
under Section 2 of this Agreement, Consultant will reasonably cooperate with the
Company, at its sole expense, if the Company elects to seek a refund of some or
all of such tax payments from the applicable taxing authorities on the grounds
that no taxes were due, in whole or in part. In the event that any other payment
or benefit, or any combination of payments or benefits, to Consultant payable by
the Company hereunder with respect to a termination in connection with a change
in control of SGHC pursuant to the Merger is determined to be an "excess
parachute payment" pursuant to Section 280G of the Internal Revenue Code of
1986, as amended (the "Code"), then the Company, at the time such determination
becomes final, shall pay to Consultant, as additional compensation hereunder, an
amount which would equal, after deducting all state and federal income taxes
incurred by the Consultant with respect to receipt of such payment the excise
tax (including penalties and interest) in each case, if any, imposed on
Consultant pursuant to Section 4999 of the Code, without duplication of payments
or benefits otherwise due to Consultant under the ESBA.

                                       7
<PAGE>

      8. CONFIDENTIALITY, NON-COMPETITION, NON-SOLICITATION, RIGHTS TO
MATERIALS, INVENTIONS, WORKS FOR HIRE. In consideration of the benefits provided
under this Agreement, Consultant agrees that the provisions in Section 20
through Section 28 of the ESBA shall, as of the Effective Time, apply and be
construed to apply not only to SGHC but also to the Company and its subsidiaries
in existence as of the Effective Time; provided, however that notwithstanding
anything in the ESBA to the contrary the term of such limitations with respect
to the Company and its subsidiaries in existence as of the Effective Time shall,
in no event, exceed three (3) years from the Effective Time.

      9. INJUNCTIVE RELIEF. Each party acknowledges that a remedy at law for any
breach or attempted breach of this Agreement will be inadequate, agrees that
each party will be entitled to specific performance and injunctive and other
equitable relief in case of any breach or attempted breach, and agrees not to
use as a defense that any party has an adequate remedy at law. This Agreement
shall be enforceable in a court of equity, or other tribunal with jurisdiction,
by a decree of specific performance, and appropriate injunctive relief may be
applied for and granted in connection herewith. Such remedy shall not be
exclusive and shall be in addition to any other remedies now or hereafter
existing at law or in equity, by statute or otherwise. No delay or omission in
exercising any right or remedy set forth in this Agreement shall operate as a
waiver thereof or of any other right or remedy and no single or partial exercise
thereof shall preclude any other or further exercise thereof or the exercise of
any other right or remedy.

      10. NOTICES. Any notice or other communication required or permitted under
this Agreement shall be in writing and shall be delivered personally, or sent by
certified, registered, or express mail, postage prepaid. Any such notice shall
be deemed given when so delivered personally, or, if mailed five (5) days after
the date of deposit in the United States mails, as follows:

      (a)   If to the Company:

            Autotote Corporation
            750 Lexington Avenue, 25th Floor
            New York, New York 10022
            Attention: Martin E. Schloss, Esq.

      (b)   If to Consultant:

            William G. Malloy
            9220 Stonemist Trace
            Roswell, Georgia 30076

or, in either case, to such other address as either party may have furnished to
the other in writing in accordance herewith, except that notices of change of
address shall be effective only upon receipt.

      11. LEGAL FEES; MITIGATION OF DAMAGES. The Company shall reimburse, as and
when incurred, such costs, legal fees and expenses as may be reasonably incurred
by

                                       8
<PAGE>

Consultant in contesting or disputing any such termination of this Agreement, or
in seeking to obtain or enforce any right or benefit provided by this Agreement,
and Consultant shall have no obligation to reimburse the Company for such costs
if Consultant is successful in any material respect in connection with enforcing
any of Consultant's rights or the Company's obligations under this Agreement in
such dispute. Consultant shall not be required to mitigate the amount of any
payment provided for in this Agreement by seeking other employment or otherwise,
nor shall the amount of any payment provided for in this Agreement be reduced by
any compensation earned by Consultant after the Term, or otherwise. Neither the
Company or any of its subsidiaries shall have any right to set off payments owed
to Consultant under this Agreement against amounts claimed to be owed by the
Consultant to any of such Persons under this Agreement or otherwise, except that
such Persons shall be entitled (in each case without duplication) to offset any
payments owed against amounts owed to such Persons after (but only after) the
entry of, and which are evidenced by, one or more final, non-appealable
judgments in favor of such Persons against Consultant.

      12. ENTIRE AGREEMENT. This Agreement constitutes the entire Agreement
among the parties with respect to the subject matter of this Agreement, and
there are no prior written or prior or contemporaneous oral understandings or
Agreements relative to this Agreement that are not fully expressed in this
Agreement, provided however, this Agreement does not terminate or amend the ESBA
except as expressly provided herein or contemplated hereby or by the action of
Consultant's resignation as contemplated hereby.

      13. WAIVERS AND AMENDMENTS. This Agreement may be amended, superseded,
cancelled, renewed, or extended, and the terms hereof may be waived, only by a
written instrument signed by the parties or, in the case of a waiver, by the
party waiving compliance. No delay or omission on the part of either party in
exercising any right, power, or privilege under this Agreement shall operate as
a waiver thereof. Nor shall any waiver on the part of either party of any such
right, power, or privilege, nor any single or partial exercise of any such
right, power, or privilege, preclude any further exercise thereof or the
exercise of any other such right, power, or privilege. No waivers of or
exceptions to any term, condition, or provision of this Agreement, in any one or
more instances, shall be deemed to be, or construed as, a further or continuing
waiver of any such term, condition, or provision. All remedies provided for in
this Agreement will be cumulative and in addition to and not in lieu of any
other remedies available to either party at law, in equity, or otherwise.

      14. GOVERNING LAW. This agreement shall be governed by and construed in
accordance with the substantive laws, and not the choice of law provisions, of
the State of Georgia .

      15. BINDING EFFECT; ASSIGNMENT. This Agreement shall be binding upon and
inure to the benefit of the parties and their respective successors and assigns
and legal representatives. The Company may assign this Agreement in connection
with a reincorporation, merger, or consolidation involving the Company or a sale
of substantially all of the assets of the Company, to the surviving entity or
purchaser, as the case may be.

                                       9
<PAGE>

      16. COUNTERPARTS. This Agreement may be executed by the parties hereto in
separate counterparts, each of which when so executed and delivered shall be an
original, but all such counterparts shall together constitute one and the same
instrument. Delivery of an executed counterpart of a signature page to this
Agreement by telecopier shall be effective as delivery of a manually executed
counterpart of this Agreement.

      17. HEADINGS. The headings in this Agreement are for reference only, and
shall not affect the interpretation of this Agreement.

      18. SEVERABILITY. The parties hereto expressly agree that it is not the
intention of any of them to violate any public policy, statutory or common law
rules, regulations, or decisions of any governmental or regulatory body. The
invalidity or unenforceability of any provision of this Agreement shall not
effect the validity or enforceability of any other provision of this Agreement,
which shall remain in full force and effect. If any provision of this Agreement
is held to be illegal, invalid, or unenforceable under present or future laws
effective, such provision shall be fully severable and this Agreement shall be
construed and enforced as if such illegal, invalid, or unenforceable provision
had never comprised a part hereof; and the remaining provisions hereof shall
remain in full force and effect and shall not be affected by the illegal,
invalid, or unenforceable provision or by its severance herefrom. Furthermore,
in lieu of such illegal, invalid, or unenforceable provision, there shall be
added automatically as a part of this Agreement a provision as similar in terms
to such illegal, invalid or unenforceable provision as may be possible and still
be legal, valid or enforceable. It is acknowledged that any payment, which may
be made by the Company to Consultant under this Agreement, is in the nature of
payment for consulting services and other benefits to the Company and not a
penalty payment. Should the obligation to make any payment hereunder be held to
be void or voidable as a penalty by a final non-appealable court of competent
jurisdiction, this Agreement shall be deemed to provide an obligation on the
part of the Consultant to render such further consulting services as the Company
may reasonably request during the period of and in exchange for such payments as
would otherwise have been made by the Company as severance benefits and the
parties agree such payments shall constitute reasonable compensation for the
value of Consultant's services during such period.

      19. EFFECTIVE DATE. This Agreement shall be effective upon the execution
of the Merger Agreement; provided, however, if such Merger Agreement is
terminated by any party thereto, this Agreement shall, without the necessity of
any action on behalf of the Consultant or the Company, automatically terminate
and shall be null and void for all purposes, effective as of the date first
written above.

                                       10
<PAGE>

      IN WITNESS WHEREOF, the parties to this Agreement have executed and
delivered this Agreement on the date first above written.

                                        AUTOTOTE CORPORATION

                                        By:_____________________________________
                                           Name:________________________________
                                           Title:_______________________________

                                        ________________________________________
                                        William G. MalloyEXHIBIT 10.27

                    CHANGE OF CONTROL AND SEVERANCE AGREEMENT

     Agreement (hereinafter "Agreement") dated as of April 10, 2000 by and
between CFM Technologies, Inc., a Pennsylvania Business Corporation having a
place of business at 150 Oaklands Boulevard, Exton, PA 19341 ("CFM" or the
"Company"), and Christopher F. McConnell, an individual residing at 1262 Farm
Road, Berwyn, Pennsylvania 19312 ("McConnell").

                                   WITNESSETH:

     WHEREAS, based upon McConnell's demonstrated commitment and unique
contributions to the Company, and a desire to motivate McConnell's retention
prior to the occurrence of a Change of Control Event (an "Event") as defined in
Section 5, herein, CFM desires that McConnell continue to be employed, prior to
an Event and, McConnell desires to be so employed, all pursuant to the terms and
conditions hereinafter set forth;

     NOW, THEREFORE, in consideration of the foregoing and the mutual promises
and covenants herein contained, and intending to be legally bound hereby, it is
agreed as follows:

1.    REPRESENTATIONS AND WARRANTIES BY MCCONNELL AND CFM

     McConnell hereby represents and warrants to CFM as follows:

          (a) Neither the execution and delivery of this Agreement nor the
     performance by McConnell of his duties and other obligations hereunder
     violate or will violate any statute, law, determination or award, or
     conflict with or constitute a default under (whether immediately, upon the
     giving of notice or lapse of time or both) any prior employment agreement,
     contract, or other instrument to which McConnell is a party or by which he
     is bound.

          (b) McConnell has the right, power and legal capacity to enter and
     deliver this Agreement and to perform his duties and other obligations
     hereunder. This Agreement constitutes the legal, valid and binding
     obligation of McConnell enforceable against him in accordance with its
     terms. No approvals or consents of any persons or entities are required for
     McConnell to execute and deliver this Agreement or perform his duties and
     other obligations hereunder.

<PAGE>

     CFM hereby represents and warrants to McConnell as follows:

          (a) CFM is duly organized, validly existing and in good standing under
     the laws of the Commonwealth of Pennsylvania, with all requisite corporate
     power and authority to own its properties and conduct its business in the
     manner presently contemplated.

          (b) CFM has full power and authority to enter into this Agreement and
     to incur and perform its obligations hereunder.

          (c) The execution, delivery and performance by CFM of this Agreement
     does not conflict with or result in a breach or violation of or constitute
     a default under (whether immediately, upon the giving of notice or lapse of
     time or both) the certificate of incorporation or by-laws of CFM, or any
     agreement or instrument to which CFM is a party or by which CFM or any of
     its properties may be bound or affected.

2.   TERM

     This agreement shall terminate five (5) years from execution hereof or upon
the mutual agreement, in writing, of CFM and McConnell.

3.   EFFECTIVENESS

     This Agreement shall become effective only upon the assumption of control
by another entity ("Successors and Assigns") following an Event. This Agreement
shall have no force of effect until such an Event shall occur.

4.   TERMINATION OF EMPLOYMENT

     McConnell's employment hereunder shall continue until terminated upon the
first to occur of the following events:

          (a) THE DEATH OR DISABILITY OF MCCONNELL. Successor and Assigns may,
     at its option, terminate McConnell's employment for "disability" (as
     hereinafter defined). In the event of termination for death or disability,
     McConnell or his designated beneficiary, shall be entitled to termination
     benefits pursuant to Section 5(d), which monthly benefits shall be reduced
     in each month such benefit may be received by any amounts received by
     McConnell from disability insurance during such month from a program
     provided by CFM or Successors and Assigns. For purposes of this Agreement,
     the term "disability" means any physical or mental illness, impairment or
     incapacity which prevents McConnell from performing, with or without
     accommodation, the essential functions of McConnell's position hereunder
     for a period totaling not less than one hundred eighty (180) days during
     any period of twelve (12) consecutive months.

                                       2
<PAGE>

          (b) TERMINATION BY THE PRESIDENT, CHAIRMAN OR BOARD OF DIRECTORS OF
     SUCCESSORS AND ASSIGNS FOR CAUSE. Any of the following actions by McConnell
     shall constitute cause:

          (i)  Material breach by McConnell of the provisions of the CFM
               Non-Disclosure and Invention Agreement which he is a party to (or
               any similar agreement entered into by McConnell with Successors
               and Assigns) provided that McConnell has received written notice
               of such breach from the President, Chairman or Board of Directors
               of Successors and Assigns, and has had an opportunity to respond
               to the notice in a meeting within thirty (30) days of such
               notice; or

          (ii) Theft; a material act of dishonesty or fraud; intentional
               falsification of any employment or Company records; or the
               commission of any criminal act which impairs McConnell's ability
               to perform appropriate employment duties under this Agreement; or

         (iii) McConnell's conviction (including any plea of guilty or nolo
               contendere) for a crime involving moral turpitude causing
               material harm to the reputation and standing of Successors and
               Assigns; or

          (iv) Gross negligence or willful misconduct in the performance of
               McConnell's assigned duties; provided however, that merely
               unsatisfactory performance by McConnell of such duties and
               responsibilities shall not constitute "cause" for purposes of the
               Agreement; and provided further that McConnell has received
               written notice of such breach or neglect from the President,
               Chairman or Board of Directors of Successors and Assigns, has had
               an opportunity to respond to the notice in a meeting and has
               failed to substantially cure such breach or neglect within thirty
               (30) days of such notice.

          (c) TERMINATION BY MCCONNELL FOR GOOD REASON. Any of the following
     actions or omissions by CFM or Successors and Assigns shall constitute good
     reason:

          (i)  Material breach by Successors and Assigns of any provision of
               this Agreement which is not cured by Successors and Assigns
               within fifteen (15) days of written notice thereof from
               McConnell; or

          (ii) Any action by Successors and Assigns to intentionally harm
               McConnell; or

         (iii) If, (i) upon the occurrence of an Event, McConnell's status,
               title, position, and responsibilities are not expanded to include
               responsibility for substantially all related functional
               activities in the merger or combined post-transition entity for
               which McConnell had responsibility immediately

                                       3
<PAGE>

               prior to the Event, or (ii) at any time thereafter, a change
               occurs in McConnell's status, title, position, work location or
               compensation which, in either event, in McConnell's reasonable
               judgment, represents a material adverse change from his status,
               title, position, work location, compensation, or responsibilities
               existing or in effect prior to such change, McConnell may, at his
               sole option by providing written notice deem such change to be
               good reason under this Section 4(c).

          (iv) The failure of CFM to have obtained an agreement, satisfactory to
               McConnell, from any successors and assigns to assume and agree to
               perform this Agreement prior to the occurrence of an Event.

     McConnell's right to terminate his employment pursuant to this Section 4(c)
shall not be affected by his incapacity due to disability.

     In the event of any action or omission constituting good reason (a "Good
Reason Event"), (1) any options to purchase common stock of CFM or Successors
and Assigns held by McConnell shall vest immediately as of the date of such
termination, (2) Successors and Assigns will pay to McConnell his target annual
bonus for the current fiscal year on a pro rata basis corresponding to the date
of termination, and (3) McConnell shall agree to serve as a consultant to
Successors and Assigns for up to twenty-six (26) days during the six (6) months
following termination hereunder at times and locations and with duties as
McConnell and Successors and Assigns may mutually agree, and (4) Successors and
Assigns will pay McConnell twenty-four (24) monthly payments equal to one
twelfth of McConnell's then current annual base salary plus annual target bonus
and the amount of $3,500 for each day of consulting in excess of twenty-six (26)
days.

          (d) TERMINATION BY THE PRESIDENT, CHAIRMAN OR BOARD OF DIRECTORS OF
     SUCCESSORS AND ASSIGNS WITHOUT CAUSE.

          (i)  Successors and Assigns shall give McConnell not less than thirty
               (30) days notice of the termination of McConnell's employment
               without cause and Successors and Assigns shall have the option of
               terminating McConnell's duties and responsibilities prior to the
               expiration of the notice period subject to payment by Successors
               and Assigns of McConnell's then current base pay for the
               remainder of the notice period; and

          (ii) Following any Termination of McConnell under 5(d)(i), above, (1)
               any options to purchase common stock of CFM or Successors and
               Assigns held by McConnell shall vest immediately as of the date
               of such termination, (2) Successors and Assigns will pay to
               McConnell his target annual bonus for the current fiscal year on
               a pro rata basis corresponding to the date of termination, and

4

<PAGE>

               (3) Successors and Assigns will pay McConnell twenty-four (24)
               monthly payments equal to one twelfth of McConnell's then current
               annual base salary plus annual target bonus.

          (e) TERMINATION BY MCCONNELL WITHOUT GOOD REASON.

     In the event McConnell wishes to resign, he shall give not less than thirty
(30) days prior notice of such resignation and Successors and Assigns shall have
the option of terminating McConnell's duties and responsibilities at any time
prior to McConnell's proposed termination date, subject to payment by Successors
and Assigns of the lesser of McConnell's then current base pay for a thirty (30)
day period, or such other period as may remain under the notice given by
McConnell.

5.   CHANGE OF CONTROL

     For purposes of this Agreement, a "Change of Control Event" shall mean any
of the following:

          (a) An acquisition (other than directly from CFM) of any voting
     securities of CFM (the "Voting Securities") by any "Person" (as the term
     person is used for purposes of Section 13(d) or 14(d) of the Securities
     Exchange Act of 1934, as amended (the "1934 Act") immediately after which
     such Person has "Beneficial Ownership" (within the meaning of Rule 13d-3
     promulgated under the 1934 Act) of thirty percent (30%) or more of the
     combined voting power of CFM's then outstanding Voting Securities;
     provided, however, that in determining whether a Change of Control Event
     has occurred, Voting Securities which are acquired in a "Non-Control
     Acquisition" (as defined below) shall not constitute an acquisition which
     would cause a Change of Control Event. A "Non-Control Acquisition" shall
     mean an acquisition by (1) an employee benefit plan (or trust forming a
     part thereof) maintained by (x) CFM or (y) any corporation or other Person
     of which a majority of its voting power or its equity securities or equity
     interest is owned directly or indirectly by CFM (a "Subsidiary"), (2) CFM
     or any Subsidiary, or (3) any Person in connection with a "Non-Control
     Transaction."

          (b) The individuals who, as of the date hereof, are members of the
     Board (the "Incumbent Board"), cease for any reason to constitute at least
     two-thirds of the Board; provided, however, that if the election, or
     nomination for election by CFM's stockholders, of any new director was
     approved by a vote of at least two-thirds of the then Incumbent Board, such
     new director shall, for purposes of this Agreement, be considered as a
     member of the Incumbent board; provided, further, that no individual shall
     be considered a member of the Incumbent Board if such individual initially
     assumed office as a result of either an actual or threatened "Election
     Contest" (as described in Rule 14a-11 promulgated under the 1934 Act) or
     other actual or threatened solicitation of proxies or consents by or on
     behalf of a Person other than the Board (a "Proxy Contest") including by
     reason of any agreement intended to avoid or settle any Election Contest or
     Proxy Contest; or

                                       5
<PAGE>

          (c) Approval by stockholders of CFM of:

          (i)  A merger, consolidation, or reorganization involving CFM, unless

               (1)  the stockholders of CFM, immediately before such merger,
                    consolidation or reorganization, own, directly or
                    indirectly, immediately following such merger, consolidation
                    or reorganization, at least seventy percent (70%) of the
                    combined voting power of the outstanding Voting Securities
                    of the corporation resulting from such merger or
                    consolidation or reorganization (the "Surviving
                    Corporation") in substantially the same proportion as their
                    ownership of the Voting Securities immediately before such
                    merger, consolidation, or reorganization, and

               (2)  the individuals who were members of the Incumbent Board
                    immediately prior to the execution of the agreement
                    providing for such merger, consolidation, or reorganization
                    constitute at least two-thirds of the members of the board
                    of directors of the Surviving Corporation or corporation
                    beneficially owning, directly or indirectly, a majority of
                    the Voting Securities of the Surviving Corporation, and

               (3)  no Person (other than CFM, any Subsidiary, any employee
                    benefit plan (or any trust forming a part thereof)
                    maintained by CFM, the Surviving Corporation or any
                    Subsidiary, or any Person who, immediately prior to such
                    merger, consolidation or reorganization had Beneficial
                    Ownership of fifteen percent (15%) or more of the then
                    outstanding Voting Securities) owns, directly or indirectly,
                    fifteen percent (15%) or more of the combined voting power
                    of the Surviving Corporation's then outstanding voting
                    securities, and

               (4)  a transaction described in clauses 1 through 3 shall herein
                    be referred to as a "Non-Control Transaction";

          (ii) A complete liquidation or dissolution of CFM, or

         (iii) A sale or other disposition of all or substantially all of the
               assets of CFM to any Person (other than a transfer to a
               Subsidiary).

                                       6
<PAGE>

          (d) Notwithstanding the foregoing, a Change of Control Event shall not
     be deemed to occur solely because any Person (the "Subject Person")
     acquired Beneficial Ownership of more than the permitted amount of the
     outstanding Voting Securities as a result of the acquisition of Voting
     Securities by CFM which by reducing the number of Voting Securities
     outstanding, increases the proportional number of shares Beneficially Owned
     by the Subject Person, provided that if a Change in Control would occur
     (but for the operation of this sentence) as a result of the acquisition of
     Voting Securities by CFM, and after such share acquisition by CFM, the
     Subject Person becomes the Beneficial Owner of any additional Voting
     Securities which increases the percentage of the then outstanding Voting
     Securities Beneficially Owned by the Subject Person, then a Change in
     Control shall occur.

          (e) Notwithstanding anything contained in this Agreement to the
     contrary, if McConnell's employment is terminated prior to a Change of
     Control Event and McConnell reasonably demonstrates that such termination
     (i) was at the request of a third party who has indicated an intention or
     taken steps reasonably calculated to effect a Change of Control Event and
     who effectuates a Change of Control Event (a "Third Party") or (ii)
     otherwise occurred in connection with, or in anticipation of, a Change of
     Control Event which actually occurs, then for all purposes of this
     Agreement, the date of a Change of Control Event with respect to McConnell
     shall mean the date immediately prior to the date of such termination of
     McConnell's employment and shall constitute grounds for Termination for
     good reason by McConnell under Section 4(c) of this Agreement.

6.   EXTENDED MEDICAL AND DENTAL BENEFITS

     In the event of an event of Termination under Section 4(a), 4(c) or 4(d) of
this Agreement, McConnell and McConnell's dependents shall receive continued
provision of CFM's standard employee medical and dental benefits or comparable
benefits under the plans of Successors and Assigns for thirty (30) months.
Notwithstanding the foregoing, in the event McConnell becomes covered as a
primary insured (that is, not as a beneficiary under a spouse's plan) under
another employer's group health plan during the extended benefit period provided
for herein, McConnell shall promptly inform Successors and Assigns and
Successors and Assigns shall cease provision of continued group health benefits
for McConnell and any dependents.

7.   FEDERAL EXCISE TAX UNDER IRC SECTION 280G

          (a) If (1) any amounts payable under this Agreement are characterized
     as excess parachute payments pursuant to Section 4999 of the Internal
     Revenue Code, and (2) McConnell thereby would be subject to any United
     States federal excise tax due to that characterization, then (3) McConnell
     may elect, in McConnell's sole discretion, to reduce the amounts payable
     under this Agreement or to have any portion of applicable options not be
     granted or vest in order to avoid any "excess parachute payment" under
     Section 280(G)(b)(1) of the Internal Revenue Code of 1986, as amended.

                                       7

<PAGE>

          (b) Unless Successors and Assigns and McConnell otherwise agree in
     writing, any determination required under this Section 6 shall be made in
     writing by independent public accountants agreed to by Successors and
     Assigns and McConnell (the "Accountants"), whose determination shall be
     conclusive and binding upon Successors and Assigns and McConnell for all
     purposes. For purposes of making the calculations required by this Section
     6, the Accountants may rely on reasonable, good faith interpretations
     concerning the application of Sections 280G and 4999 of the Code.
     Successors and Assigns and McConnell shall furnish to the Accountants such
     information and documents as the Accountants may reasonably request in
     order to make the required determinations. Successors and Assigns shall
     bear all fees and expenses the Accountants may reasonably charge in
     connection with the services contemplated by this Section 7.

8.   RELEASE OF CLAIMS

     Successors and Assigns may condition payment of the termination benefits
described in Sections 4(a), 4(c), 4(d) and 6 of this Agreement upon the delivery
by McConnell of a signed release of claims in a form reasonably satisfactory to
Successors and Assigns; provided, however, that McConnell shall not be required
to release any rights McConnell may have to be indemnified by CFM or Successors
and Assigns.

9.   NON-COMPETITION AND NON-SOLICITATION

     During the term of McConnell's employment and any period during which
post-Termination compensation may be received, McConnell agrees not to (1)
engage in (as an employee, consultant, director, principal, partner, officer,
agent, advisor or otherwise) or be financially interested in any business
operating anywhere in the world which, in the reasonable judgment of Successors
and Assigns, directly competes with Successors and Assigns through the design,
manufacture or distribution of semiconductor wet processing equipment or (2)
directly or indirectly solicit, induce, encourage, or attempt to influence any
client, customer, employee, consultant, independent contractor, salesman, or
supplier of Successors and Assigns to cease to do business or terminate his
employment with Successors and Assigns.

10.  NOTICES

     Any notice or other communication under this Agreement shall be in writing
and shall be deemed to have been given: (i) upon delivery when delivered
personally against receipt therefor; (ii) one (1) day after being sent by
Federal Express or similar overnight delivery; or (iii) three (3) days after
being mailed via registered or certified mail, postage prepaid, return receipt
requested, to either party at the address set forth above, or to such other
address as such party shall give by notice hereunder to the other party.

                                       8
<PAGE>

11.  SEVERABILITY OF PROVISIONS

     If any provision of this Agreement shall be declared by a court of
competent jurisdiction to be invalid, illegal or incapable of being enforced in
whole or in part, such provision shall be interpreted so as to remain
enforceable to the maximum extent permissible consistent with applicable law and
the remaining conditions and provisions or portions thereof shall nevertheless
remain in full force and effect and enforceable to the extent they are valid,
legal and enforceable, and no provision shall be deemed dependent upon any other
covenant or provision unless so expressed herein.

12.  ARBITRATION

     With the exception of actions to enforce the terms of Section 9, any
dispute or disagreement arising out of this Agreement or a claimed breach, shall
be resolved by arbitration in Chester County, Pennsylvania under the National
Rules for the Resolution of Employment Disputes of the American Arbitration
Association, each party to bear its own costs. The arbitrator's decision shall
be final and binding upon the parties and judgment may be entered in any court.

13.  SUCCESSORS

     This Agreement shall be binding upon and shall inure to the benefit of CFM,
its successors and assigns and CFM shall require any successors and assigns to
expressly assume and agree, in writing, to perform this Agreement in the same
manner and to the same extent that CFM would be required to perform it if no
such succession or assignment had taken place.

14.  ENTIRE AGREEMENT MODIFICATION

     This Agreement contains the entire agreement of the parties relating to the
subject matter hereof and the parties hereto have made no agreements,
representations or warranties relating to the subject matter of this Agreement
which are not set forth herein. No modification of this Agreement shall be valid
unless made in writing and signed by the parties hereto.

15.  BINDING EFFECT

     The rights, benefits, duties and obligations under this Agreement shall
inure to, and be binding upon, CFM, its successors and assigns, and upon
McConnell and his legal representatives. This Agreement constitutes a personal
service agreement, and the performance of McConnell's obligations hereunder may
not be transferred or assigned by McConnell.

                                       9
<PAGE>

16.  GOVERNING LAW

     This Agreement shall be governed by, and construed and interpreted in
accordance with, the laws of the Commonwealth of Pennsylvania without regard to
principles of conflict of laws.

17.  HEADINGS

     The headings of paragraphs are inserted for convenience and shall not
affect any interpretation of this Agreement.

                                     10
<PAGE>

     IN WITNESS WHEREOF, the parties hereto, intending to be legally bound
hereby, have executed this Agreement as of the day and year first above written.

By: /s/ CHRISTOPHER F. MCCONNELL               April 10, 2000
    ---------------------------

By: /s/ LORIN J. RANDALL                       April 10, 2000
    ---------------------------
     CFM TECHNOLOGIES, INC.

                                       11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00015-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00015-of-00352.parquet"}]]