Document:

exv10w12xdy

 

Exhibit
10.12(d)

ASSIGNMENT OF YACHT CLUB DOCKAGE

AGREEMENT AND LICENSE AGREEMENT

     WHEREAS, Alpha Gulf Coast, Inc., a Delaware corporation (“Seller”) and Greenville Casino
Partners, LP, a Mississippi limited partnership (“Purchaser”), have entered into an Asset Purchase
Agreement dated December 17, 1997, (the “Agreement”); and

     WHEREAS, pursuant to the Agreement, purchaser has agreed to assume and perform in accordance
with its terms that certain Dockage Agreement dated December 29, 1992, between the Greenville
Yacht Club, a Mississippi Corporation, and the Cotton Club of
Greenville, Inc. a Mississippi Corporation, as amended by Letter Agreement dated December 29, 1992, and amended by an
Agreement dated April 2, 1993, and amended by a Second Amendment to Dockage Agreement dated July
27, 1995, a memorandum of which is filed in Book 1983, Page 649, of the Washington County,
Mississippi land records, and by a Third Amendment to Dockage Agreement dated December 22, 1997
(the “Dockage Agreement”) and which was assigned by the Cotton Club of Greenville, Inc., to Alpha
Gulf Coast, Inc., a Delaware corporation, by an Assignment effective November 17, 1995, with
actual execution on December 11, 1997, and that certain License Agreement dated March 1, 1994,
between the Greenville Yacht Club and DRL, Inc., and the Cotton Club of Greenville, Inc., a true
and correct copy of which has been delivered to Purchaser (the “License Agreement”) which was
subsequently assigned by the Cotton Club of Greenville, Inc., to Alpha Gulf Coast, Inc., by an

 

 

Assignment effective November 17, 1995, with actual execution on December 11, 1997;

     NOW, THEREFORE, FOR AND IN consideration of the premises and other good and valuable
consideration, the receipt and adequacy of which is hereby acknowledged, Seller does hereby sell,
convey, assign, transfer and deliver to Buyer all of Seller’s rights in, to and under the Dockage
Agreement and License Agreement (The Dockage Agreement and License Agreement are hereinafter
referred to as the (“Agreements”), which are incorporated herein by reference.

     Provided further this assignment is made subject to the terms and conditions of the Asset
Purchase Agreement, including the representations and warranties contained in the Asset Purchase
Agreement.

     Purchaser assumes and agrees to perform, pay and discharge and indemnify and hold Seller
harmless from the liabilities and obligations of Seller arising or to be performed from and
after the Closing Date (as that phrase is defined in the Asset Purchase Agreement) under the
assigned Agreements.

     This assignment and assumption of the assigned Agreements shall bind and shall inure to the
benefit of Seller and Purchaser and their respective successors and assigns.

     IN WITNESS WHEREOF, the parties hereto have caused this agreement to be duly executed by
the duly authorized representatives as of this, the 2 day of March, 1998.

2

 

	 	 	 	 	 	 	 
	 	 	ALPHA GULF COAST, INC., a

Delaware Corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ [ILLEGIBLE]
 

	 	 
	 

	 	Its:
	 	CFO
 

	 	 
	 
	 	 	 	 	 	 
	 	 	GREENVILLE CASINO PARTNERS, L.P.

a Mississippi Limited Partnership	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	GREENVILLE CP, INC.,	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ [ILLEGIBLE]
 

	 	 
	 

	 	Its:
	 	PRESIDENT
 

	 	 

STATE OF NEW YORK

COUNTY OF NEW YORK

     PERSONALLY appeared before me, the undersigned authority in and for the jurisdiction
aforesaid, the within named James A. Cutler, the CFO of ALPHA GULF COAST, INC., a Delaware corporation, who acknowledged
that he signed and delivered the above and foregoing instrument on the day and year therein
mentioned, on behalf of said corporation, after being authorized to do so.

3

 

     GIVEN
under my hand and official seal this, the 2nd day of March, 1998.

	 	 	 	 	 	 	 
	 

	 	 	 	/s/ Lila E. Gaston
 

	 	 
	 

	 	 	 	Notary Public	 	 
	 
	 	 	 	 	 	 
	My Commission Expires: 8/29/99 
	 	 	 	 	 	 
	

	 	 	 	LILA E. GASTON	 	 
	 

	 	 	 	Notary Public, State of New York	 	 
	 

	 	 	 	No. 4879857	 	 
	 

	 	 	 	Qualified in New York County	 	 
	 

	 	 	 	Commission Expires 8/29/99	 	 

STATE OF NEW YORK

COUNTY OF NEW YORK

     PERSONALLY appeared before me, the undersigned authority in and for the jurisdiction
aforesaid, the within named John R O’Donnell, the President of GREENVILLE CP, INC., a
Delaware corporation, who acknowledged that he signed and delivered the above and foregoing
instrument on the day and year therein mentioned, on behalf of said corporation, as its act and
deed as the General Partner of GREENVILLE CASINO PARTNERS, L.P., a Mississippi Limited Partnership,
having been duly authorized to do so.

 

     GIVEN under my hand and official seal this, the 2nd day of March, 1998.

	 	 	 	 	 	 	 
	 

	 	 	 	/s/ Lila E. Gaston
 

	 	 
	 

	 	 	 	Notary Public	 	 
	 
	 	 	 	 	 	 
	My Commission Expires: 8/29/99 
	 	 	 	 	 	 
	 

	 	 	 	LILA E. GASTON	 	 
	 

	 	 	 	Notary Public, State of New York	 	 
	 

	 	 	 	No.4879857	 	 
	 

	 	 	 	Qualified in New York County	 	 
	 

	 	 	 	Commission Expires 8/29/99	 	 

4exv10w12xey

 

10.12(e)

CONSENT AGREEMENT

     THIS CONSENT (“Consent”) is made on this 22 day of February, 2002, by and among THE
GREENVILLE YACHT CLUB, a Mississippi corporation (the “Yacht Club”), JMBS CASINO, LLC, a
Mississippi Limited Liability Company (“JMBS”), and GREENVILLE CASINO PARTNERS, L.P., a Mississippi
Limited Partnership (“GCP”).

RECITALS

     WHEREAS, Yacht Club is the lessor or grantor under those certain agreements described on
Exhibit A and incorporated herein (the “Agreement”), under which Greenville Casino
Partners, L.P. (the “Assignor”) has the right to use or occupy the premises described in the
Agreement (the “Premises”). The Premises is more particularly described in the Agreement and
Exhibit B attached hereto.

     WHEREAS, Assignor desires to assign the Agreement to JMBS and JMBS desires to accept an
assignment of the Agreement and the Assignor’s rights therein.

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties agree as follows:

     1. Yacht Club represents that (i) it is the owner and/or lessor of the Premises and the
current owner of the lessor’s, assignor’s or grantor’s, as appropriate, interest under the
Agreement, (ii) the Agreement is in full force and effect and has not been amended, supplemented or
modified by the Yacht Club, except as set forth on Exhibit A, (iii) a true and correct
copy of the Agreement is attached hereto as Exhibit C, (iv) the current term of the
Agreement expires on December 28, 2002, and Assignor has renewals as specified under the Agreement,
(v) to the best of Yacht Club’s knowledge there are currently no defaults under the Agreement or
circumstances under which Yacht Club with the delivery of notice or passage of time would be
entitled to declare a default, (vi) this Consent has been approved by all parties in accordance
with all legal requirements applicable and is binding upon each party in accordance with its terms.

     2. Yacht Club consents to the assignment of the Agreement by Assignor to JMBS and JMBS’
assumption of all of the rights and obligations of Assignor contained thereunder. Such Assignment
shall not relieve Assignor of any of its obligations under the Agreement as currently amended.

     3. Yacht Club agrees that on one or more occasions without Yacht Club’s consent, JMBS may, for
the benefit of JMBS’s lender (the “Lender”), assign, mortgage, or otherwise encumber JMBS’s
leasehold estate or other interest in the Agreement or the Premises (including any improvements or
real property related thereto) under one or more deeds of trust, collateral assignments or similar
agreements or assignments and assign the Agreement as security. JMBS agrees to give Yacht Club
written notice of any such mortgage, grant or assignment, which notice shall provide the name and
address of the Lender. Such mortgage, grant or assignment shall not be construed otherwise to
modify or alter the Agreement.

 

 

     4. Yacht Club agrees to notify Lender and GCP, in writing, upon the occurrence of any default
by JMBS under the Agreement and grants Lender the right to cure such default within the later of
(a) the same number of days after such notice that JMBS has to cure such default under the
Agreement or (b) thirty (30) days after the Yacht Club delivers written notice by U.S. Mail or
facsimile to the Lender and GCP if such default is capable of being cured by the payment of money
and at least forty-five (45) days after the Yacht Club delivers written notice to the Lender and
GCP if such default is not capable of being cured by payment of money.

     5. Yacht Club agrees to review and execute such additional commercially reasonable documents
for the protection of Lender as may be reasonably requested by Lender or JMBS. GCP and/or JMBS
shall reimburse Yacht Club for its itemized attorney’s fees and costs in regard to this Consent.

     6. The agreements contained herein may not be modified or terminated orally and shall be
binding upon Yacht Club and shall inure to the benefit of JMBS, Lender and each of their respective
successors and assigns. This Consent represents the entire agreement of the parties hereto with
respect to the subject matter hereof.

     Executed and delivered as of the ____ day of February, 2002.

	 	 	 	 	 	 	 	 	 	 	 
	JMBS CASINO, LLC	 	 	 	THE GREENVILLE YATCH CLUB	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Joseph Yung
	 	 	 	By:
	 	/s/ Marcus Hooker	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	

	 	Printed Name: Joseph Yung
	 	 	 	
	 	Printed Name: Marcus Hooker	 	 
	

	 	Title: Manager, JMBS Casino LLC
	 	 	 	
	 	Title: Commodore	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	GREENVILLE CASINO PARTNERS, L.P.	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ John R. O’Donnell	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	

	 	Printed Name: JOHN R. O’DONNELL	 	 	 	 	 	 	 	 
	

	 	Title: PRESIDENT	 	 	 	 	 	 	 	 

 

 

STATE OF Kentucky

COUNTY OF Kenton

     PERSONALLY APPEARED BEFORE ME, the undersigned
authority in and for the jurisdiction aforesaid, the within named JOSEPH YUNG, who affirmed that ___ he is the MANAGER of
JMBS Casino, LLC, a Mississippi Limited Liability Company, and that in his/her capacity as same,
___ he executed the above and foregoing document on the day and year therein mentioned for the
purposes stated therein, he being duly authorized to do so.

     GIVEN under my hand and official seal, this 28th day of February, 2002.

	 	 	 	 	 
	 	 	 
	 	                                                /s/ Illegible
 	 
	 	NOTARY PUBLIC 	 
	 	 	 
	 

My Commission Expires:

My Commission Expires Oct 24, 2002

STATE OF MISSISSIPPI

COUNTY OF WASHINGTON

     PERSONALLY APPEARED BEFORE ME, the undersigned authority in and for the jurisdiction
aforesaid, the within named MARCUS HOOKER, who affirmed that he is the Commodore of The Greenville
Yacht Club, a Mississippi corporation, and that in his capacity as same, he executed the above and
foregoing document on the day and year therein mentioned for the purposes stated therein, he being
duly authorized to do so.

     GIVEN under my hand and official seal, this 22 day of February, 2002.

	 	 	 	 	 
	 	 	 
	 	                                                /s/ Illegible
 	 
	 	NOTARY PUBLIC 	 
	 	 	 
	 

My Commission Expires:

3/27/2003

 

 

STATE OF COLORADO

COUNTY OF ELPASO

     PERSONALLY APPEARED BEFORE ME, the undersigned authority in and for the jurisdiction
aforesaid, the within named JOHN R. O’DONNELL, who affirmed that
__ he is the PRESIDENT of
Greenville Casino Partners, L.P., a Mississippi Limited Partnership, and that in his/her
capacity as same, __ he executed the above and foregoing document on the day and year therein
mentioned for the purposes stated therein, he being duly authorized to do so.

     GIVEN under my hand and official seal, this 5TH day of MARCH 2002.

	 	 	 	 	 
	 	 	 
	 	                                                /s/ Illegible
 	 
	 	NOTARY PUBLIC 	 
	 	 	 
	 

My Commission Expires:

Expiration May 27, 2003

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}]]