Document:

Exhibit 10.4(C)

 

THIRD
AMENDMENT TO DOCKAGE AGREEMENT

 

THIS
THIRD AMENDMENT TO DOCKAGE AGREEMENT (hereinafter “Third Amendment”) is made and entered
into on this the 22nd day of December, 1997, by and between THE GREENVILLE YACHT CLUB, a Mississippi
corporation (hereinafter “Yacht Club”); and ALPHA
GULF COAST, INC., a Delaware corporation, d/b/a Bayou Caddy’s
jubilee Casino (hereinafter “Alpha Gulf Coast”).

 

WITNESSETH:

 

WHEREAS, on or about December 29, 1992, the
Yacht Club and Cotton Club of Greenville, Inc., d/b/a Cotton Club Casino
(hereinafter “Cotton Club”) entered into that certain Dockage Agreement
(hereinafter “Original Agreement”); and

 

WHEREAS, on or about April 2, 1993, the
Yacht Club and Cotton Club amended the Original Agreement to modify its terms
governing payment of the initial dockage fee (for the year 1993); and

 

WHEREAS, on or about July 27, 1995, the
Yacht Club and Cotton Club amended the Original Agreement further to provide
for monthly payment of dockage fees, payment of certain sales taxes, release of
certain claims, and payment of penalties for late payments (hereinafter ‘Second
Amendment”) [the Original Agreement, the amendment dated 4-2-93 and the Second
Amendment are hereinafter referred to collectively as the “Amended Dockage
Agreement”]; and

 

WHEREAS, by Assignment of Agreements dated December 11,
1997, Jubilation Lakeshore, Inc. (formerly “Cotton Club of Greenville, Inc.”)
assigned its rights in the Amended Dockage Agreement to Alpha Gulf Coast; and

 

WHEREAS, Alpha Gulf Coast failed to give the
Yacht Club timely notice, pursuant to Section 6 of the Original Agreement,
of its exercise of its option to renew for an additional term of five years and
has requested the Yacht Club to waive such notice; and

 

 

WHEREAS, the Yacht Club has agreed to waive that
notice, in consideration for Alpha Gulf Coast’s cash payment of Fifty Thousand
Dollars ($50,000.00) and the further amendment of the Amended Dockage
Agreement, all as set forth herein.

 

NOW,
THEREFORE, in
consideration of the premises and the respective mutual agreements, covenants,
representations and warranties contained herein and in the Amended Dockage
Agreement, the sufficiency of which is hereby acknowledged, the Amended Dockage
Agreement is further modified, altered and changed in the following respects
only, and the parties agree as follows:

 

1. Alpha Gulf Coast
hereby notifies Yacht Club, and the Yacht Club acknowledges receipt of such
notice and waives any further notice requirements under Section 6 of the
Original Agreement, of its exercise of the first five (5) year option,
which term shall begin at 12:01 a.m. (Central Standard Time) on December 29,
1997, and shall expire sixty (60) months thereafter, at midnight on December 28,
2002, subject to Alpha Gulf Coast’s right to exercise the second five (5) year
option.

 

2. Simultaneously
with the execution of this Third Amendment and in consideration of the waiver
of notice as set forth in paragraph 1 above, Alpha Gulf coast has paid the
Yacht Club the cash sum of $50,000.00, the receipt and sufficiency of which the
Yacht Club hereby acknowledges.

 

3. The provision in Section 3(b) of
the Original Agreement, granting to Alpha Gulf Coast the right to terminate
that Agreement and to then pay only one year’s dockage fee, is hereby deleted
and Alpha Gulf Coast shall have no right to terminate its obligations under the
Amended Dockage Agreement without cause.

 

4. That portion of
paragraph 5 of the Second Amendment providing for the assessment of late
penalties, following notice, is hereby deleted and in lieu thereof it is agreed

 

2

 

that a late penalty of
$200.00 per day shall be assessed for every day the payments are not paid when
due, which penalty shall not be conditioned upon the giving or receipt of any
notice.

 

5. The last sentence
of the first paragraph of Section 13 of the Original Agreement is deleted,
all of paragraph 6 of the Second Amendment is deleted, and the following is
inserted in lieu thereof:

 

Alpha Gulf Coast agrees
that on or before the end of the term of the Original Agreement and any
renewals or extensions thereof, it shall provide the Yacht Club with ingress
and egress, and with moorage, comparable to that utilized by the Yacht Club
prior to dockage of Cotton Club’s vessel.

 

6. The amendments
and agreements stated herein take effect immediately.

 

7. Alpha Gulf Coast
and the Yacht Club agree that, except as specifically modified herein, the
Amended Dockage Agreement remains in full force and effect.

 

8. This Third Amendment
may be executed in multiple originals. Likewise, this Third Amendment may be
executed in multiple counterparts which, when taken together, shall constitute
a single agreement.

 

IN
WITNESS WHEREOF
the parties have executed this Third Amendment to Dockage Agreement as of the
day and year first above written.

 

	
   

  	
   

  	
  ALPHA
  GULF COAST, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/  Thomas W. Aro

  
	
   

  	
   

  	
   

  	
  Thomas W. Aro,
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  THE
  GREENVILLE YACHT CLUB

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/  Marcus E. Hooker

  
	
   

  	
   

  	
   

  	
  Marcus E.
  Hooker, Commodore

  
	
   

  	
   

  	
   

  
	
  ATTEST:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ [ILLEGIBLE]

  	
   

  	
   

  
	
  Secretary

  	
   

  	
   

  

 

3Exhibit 10.4(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

  

 

4

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