Exhibit 10.29
WARRANT TO PURCHASE
CLASS A COMMON STOCK
THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE
NOT BEEN REGISTERED FOR RESALE UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE "ACT"), OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD,
TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION STATEMENT AS TO SUCH SECURITIES AND SUCH DISPOSITION FILED
UNDER THE ACT, OR AN EXEMPTION FROM REGISTRATION, AND COMPLIANCE WITH
APPLICABLE STATE SECURITIES LAWS. THE ISSUER MAY REQUIRE AN OPINION OF
COUNSEL SATISFACTORY TO THE ISSUER HEREOF THAT SUCH REGISTRATION IS NOT
REQUIRED AND THAT SUCH LAWS ARE COMPLIED WITH.
Void After 5:00 p.m., Eastern Time, on October 1, 2004 No. 1
Warrant to Purchase 250,000 shares of Class A Common Stock, par value $.01 per share of
AUTOTOTE CORPORATION
This is to Certify That, FOR VALUE RECEIVED, the receipt and sufficiency of which is hereby acknowledged,
Ramius Securities, LLC (the "Holder") is entitled to purchase, subject to the provisions of this Warrant, from
Autotote Corporation ("Company"), a Delaware corporation, at any time prior to 5:00 p.m., Eastern Time, on
October 1, 2004, a total of TWO HUNDRED AND FIFTY THOUSAND shares of Class A Common Stock,
par value $.01 per share, of the Company ("Securities") at an initial purchase price of $3.58 per share. The
number of Securities to be received upon the exercise of this Warrant and the price to be paid for the Securities
may be adjusted from time to time as hereinafter set forth. The number of Securities to be received upon the
exercise of this Warrant in effect at any time and as adjusted from time to time is hereinafter sometimes referred
to as the "Exercise Rate" and the purchase price per Security in effect at any time and as adjusted from time to
time, and subject to the minimum purchase price set forth in Section 7(l), is hereinafter sometimes referred to as
the "Exercise Price" per Security. The Securities, as adjusted from time to t