Exhibit 10.2(D)

 

THIRD AMENDMENT

TO AMENDED AND RESTATED LEASE AGREEMENT

 

This Third Amendment to that certain Amended and Restated Lease Agreement (the
“Third Amendment”) is entered into effective as of March 4, 2010, between
GREENVILLE MARINE CORPORATION (“Lessor”) and GREENVILLE RIVERBOAT, LLC
(“Lessee”). Lessor and Lessee may hereinafter be referred to individually as a
“Party” or collectively as the “Parties.”

 

WHEREAS, Lessor and Rainbow Entertainment, Inc. (“Rainbow”) entered into an
Amended and Restated Lease Agreement as of January 20, 1995 (the “Lease
Agreement”), pursuant to which Rainbow leased from Lessor certain real property
and improvements thereon (the “Premises”);

 

WHEREAS, by Assignment and Assumption of Lease as of October 24, 1995, Rainbow
assigned all of its rights, title and interest in and to the Lease Agreement to
Lessee;

 

WHEREAS, effective as of October 26, 1995, the Parties entered into that First
Amendment to Amended and Restated Lease Agreement;

 

WHEREAS, effective as of July 1, 2003, the Parties entered into that Second
Amendment to Amended and Restated Lease Agreement; and

 

WHEREAS, the Parties desire to further amend the Lease Agreement, as previously
amended, as set forth in this Third Amendment.

 

NOW, THEREFORE, for and in consideration of the mutual covenants and set forth
herein and in the Lease Agreement, the receipt and sufficiency of which are
hereby acknowledged, the Parties agree that the Lease Agreement is further
amended as follows:

 

1.             Prior Sublease.  The Parties acknowledge that in accordance with
Section 5.3 of the Lease Agreement, Lessee subleased to Sargasso Corporation a
portion of the Premises (the “Subparcel”); pursuant to the terms of that certain
Sublease Agreement dated as of June 26, 1996 (the “Sublease”, and that pursuant
to the terms of that certain Restaurant Lease as of September 26, 2007 (the
“Restaurant Lease”), Sargasso Corporation sub-subleased a portion of the
Subparcel to Lessee.  The Parties further acknowledge that Lessee and Sargasso
Corporation terminated both the Sublease and the Restaurant Lease as of
December 31, 2009; and Lessor, to the extent required, consents to such
termination.  The Parties further agree that Section 5.3 of the Lease Agreement
is hereby deleted in its entirety.

 

2.             Notice.  Section 25 of the Lease Agreement is hereby amended and
restated in its entirety as follows:

 

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

 

Section 25.  Notice.  Any notice or request to be given or furnished under the
Lease Agreement by either Party to the other Party shall be in writing and shall
be delivered personally or sent via facsimile transmission or registered or
certified mail, postage prepaid, or by prepaid overnight delivery service, at
the addresses or facsimile numbers listed below.  A notice or request shall be
deemed to be given (i) when personally delivered, (ii) when sent by facsimile
transmission, (iii) at the time of delivery as indicated by the duly completed
U.S. Postal Service return receipt, or (iv) at the time of package pickup or
receipt as indicated on the records of or the certificates provided by the
overnight delivery service, as applicable.

 

If to Lessor, to:

 

Mr. D. John Nichols, President

Greenville Marine Corporation

2219 Harbor Front Road (if by personal delivery or overnight delivery service)

Greenville, MS  38701

Post Office Box 539 (if by registered or certified mail)

Greenville, MS 38702-0539

Facsimile number:  662-332-1010

 

With a copy to:

 

Robert N. Warrington, Esquire

Campbell DeLong, LLP

P.O. Box 1856

932 Washington Avenue

Greenville, MS 38702-1856

Facsimile number:  662-334-6407

 

If to Lessee, to:

 

Scott C. Butera, President and Chief Executive Officer

Greenville Riverboat, LLC

c/o Tropicana Entertainment Holdings, LLC

3930 Howard Hughes Parkway, Fourth Floor

Las Vegas, NV 89169

Facsimile number:  702-473-2697

 

With a copy to:

 

Scott E. Andress, Esquire

Balch & Bingham LLP

401 E. Capitol Street, Suite 200

Jackson, MS 39201

Facsimile number:  601-961-4466

 

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

 

2.  Renewal.  The Lessor acknowledges that the Lessee exercised its right to
renew the Lease Agreement for another five (5) year period beginning on July 1,
2009 and ending on June 30, 2014.

 

3.  Conflicting Provisions.  In the event of any conflict between the terms of
this Third Amendment and any other provision of the Lease Agreement, as
previously amended, the terms of the Third Amendment shall be deemed to control.

 

4.  Remainder of Lease Agreement Unchanged.  The Parties agree that except as
set forth in the Third Amendment, the Lease Agreement, as previously amended,
shall remain in full force and effect.

 

5.  Counterparts.  The Parties agrees that this Third Amendment may be executed
in one or more counterparts, each of which shall be deemed an original, but all
of which shall constitute one document.

 

IN WITNESS WHEREOF, the Parties have caused this Third Amendment to be executed
and delivered by their duly authorized representatives as of the day and year
first written above.

 

 

 

GREENVILLE MARINE CORPORATION

 

 

 

/s/ D. John Nichols

 

By:

D. John Nichols

 

Its:

President

 

 

 

GREENVILLE RIVERBOAT, LLC

 

 

 

By:

Tropicana Entertainment Holdings, LLC, its

 

 

Manager

 

 

 

By:

/s/ Scott Butera

 

Its:

CEO and President

 

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