EXHIBIT
10.4
WMS
INDUSTRIES INC.
800
South Northpoint Boulevard
Waukegan,
IL 60085
July
1, 2008
Mr.
Scott Schweinfurth
c/o
WMS INDUSTRIES INC.
800
South Northpoint Boulevard
Waukegan,
IL 60085
Dear
Scott:
Reference
is made to the Executive Employment Agreement between you and
WMS Industries Inc., dated February 18, 2005, as amended (the
“Employment Agreement”). The Employment
Agreement is hereby further amended as follows:
1.
The
phrase “Chief Executive Officer, President or the Board of
Directors of the Corporation” and the phrase “Chief
Executive Officer, President and the Board of Directors of the
Corporation” in Paragraphs 2, 3 and 4.2 and elsewhere in the
Employment Agreement are modified to read “Chief Executive
Officer or the Board of Directors of the Corporation” and
“Chief Executive Officer and the Board of Directors of the
Corporation”, respectively.
2.
Section
4.4 of the Employment Agreement is hereby amended by adding the
words “within 30 days after the date of Executive’s
termination of employment,” at the beginning of clause (i) in
the first sentence of said section.
3.
Section
4.4 of the Employment Agreement is further hereby amended by
substituting the following language as the introductory phrase to
clause (ii) in the first sentence of said section:
“within
30 days after the Corporation publicly announces its audited
results for the fiscal year in which the date of termination
occurs, and in no event later than the 15 th
day of the third month following such fiscal
year,”
4. Section
4.4 of the Employment Agreement is further hereby amended by
substituting the following language for clause (iii)(A) of
said section:
“Executive’s
annual base salary on date of termination
and”
5.
Section
4.4 of the Employment Agreement is hereby further amended by adding
the following sentences at the end thereof:
“The
Corporat
| 
