Document:

Exhibit 10.7(C)

 

MEMORANDUM
OF UNDERSTANDING

 

THIS MEMORANDUM OF
UNDERSTANDING (“Agreement”), is made on December 21, 2004, and effective as of December
1, 2004, by and among the City of Evansville, Indiana acting by and through the
Redevelopment Commission of the City of Evansville, Indiana, organized and
operating under IC 36-7-14 (“Commission”), Aztar Indiana Gaming Company, LLC, a
limited liability company, organized and existing under the laws of the State
of Indiana (“Aztar Indiana”), and Aztar Corporation, a corporation organized
and existing under the laws of the State of Delaware (“Guarantor”).

 

RECITALS

 

A. The Commission, Aztar
Indiana and Guarantor are the parties in interest to that certain Evansville
Riverboat Landing Lease dated May 2, 1995 (the “Original Lease”), as amended by
an Amendment to Lease Agreement effective December 1, 2001 (the “First
Amendment”), and as further amended by that certain Second Amendment to Lease
Agreement dated August 27, 2003 (the “Second Amendment,” and collectively with
the Original Lease and the First Amendment, the “Lease”).

 

B. Section 2.04 of the
Original Lease provides that options in favor of the Tenant to extend the terms
of the Lease shall be deemed to be automatically exercised unless Tenant shall
give City notice of the relinquishment of such option and all succeeding
options at least one (1) year prior to the expiration of the Original Term or
prior Extended Term, as the case may be.

 

NOW, THEREFORE, for good
and valuable consideration, receipt of which is hereby acknowledged, the
Commission, Aztar Indiana and the Guarantor agree to amend the Lease as
follows. Capitalized terms not otherwise defined herein shall have the meaning
ascribed thereto in the Lease.

 

1. Exercise of Option
to Extend. Section 2.04 of the Original Lease is hereby amended in its
entirety to read as follows:

 

“Section 2.04. Exercise of Option to Extend. The options
to extend the term of this Lease shall be deemed to be automatically exercised
unless Tenant shall give City notice of the relinquishment of such option and
all succeeding options in the manner hereinafter specified for notices at least
two hundred seventy (270) days prior to the expiration of the Original Term or
prior Extended Term, as the case may be. The failure of Tenant to give such
notice within the time limited shall cause such option to be automatically
exercised and this Lease shall continue in full force and effect for the
succeeding Extended Term. The giving of notice of the relinquishment of an
option to extend the term at least two hundred seventy (270) days prior to the
expiration of the preceding term shall cause such Extended Term and any
succeeding Extended Terms to lapse and become null and void and

 

 

of no further force or
effect, and this Lease and all rights of Tenant hereunder shall expire and
terminate as of the end of the Original Term or Extended Term, as the case may
be.”

 

2. Confirmation.
The Lease, to the extent not inconsistent with the terms hereof, is hereby
confirmed.

 

IN WITNESS WHEREOF, the parties
have caused their duly authorized representatives to execute this Second
Amendment as of the day and year first above written.

 

	
  AZTAR
  INDIANA GAMING

  	
  AZTAR CORPORATION

  
	
  COMPANY,
  LLC

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ James L. Brown  

  	
   

  	
  By:

  	
  /s/ Robert Haddock

  
	
  Printed:

  	
  James L. Brown

  	
  Printed:

  	
  Robert Haddock

  
	
  Title:

  	
  Pres./GM

  	
  Title:

  	
  Pres./CFO

  
					

 

	
  REDEVELOPMENT
  COMMISSION OF 

  	
   

  
	
  THE CITY OF EVANSVILLE,
  INDIANA

  	
   

  
	
   

  	
   

  
	
  [ILLEGIBLE]

  	
   

  
	
   

  	
   

  
	
  [ILLEGIBLE]

  	
   

  
	
   

  	
   

  
	
  [ILLEGIBLE]

  	
   

  
	
   

  	
   

  
	
  [ILLEGIBLE]

  	
   

  
	
   

  	
   

  
	
  [ILLEGIBLE]Exhibit 10.7(D)

 

MEMORANDUM
OF UNDERSTANDING

 

THIS MEMORANDUM OF
UNDERSTANDING (“Agreement”), is made on March 15, 2005, by and among the City
of Evansville, Indiana acting by and through the Redevelopment Commission of
the City of Evansville, Indiana, organized and operating under IC 36-7-14 (“Commission”),
Aztar Indiana Gaming Company, LLC, a limited liability company, organized and
existing under the laws of the State of Indiana (“Aztar Indiana”), and Aztar
Corporation, a corporation organized and existing under the laws of the State
of Delaware (“Guarantor”).

 

RECITALS

 

A. The Commission, Aztar
Indiana and Guarantor are the parties in interest to that certain Evansville
Riverboat Landing Lease dated May 2, 1995 (the “Original Lease”), as amended by
an Amendment to Lease Agreement effective December 1, 2001 (the “First
Amendment”), as further amended by that certain Second Amendment to Lease
Agreement dated August 27, 2003 (the “Second Amendment”), and as further
amended by that certain Memorandum of Understanding made effective as of December
1, 2004 (the “MOU,” and collectively with the Original Lease, the First
Amendment and the Second Amendment, the “Lease”).

 

B. Section 2.04 of the
Original Lease, as amended by the MOU, provides that options in favor of the
Tenant to extend the terms of the Lease shall be deemed to be automatically
exercised unless Tenant shall give City notice of the relinquishment of such
option and all succeeding options at least two hundred seventy (270) days prior
to the expiration of the Original Term or prior Extended Term, as the case may
be.

 

NOW, THEREFORE, for good
and valuable consideration, receipt of which is hereby acknowledged, the
Commission, Aztar Indiana and the Guarantor agree to amend the Lease as
follows. Capitalized terms not otherwise defined herein shall have the meaning
ascribed thereto in the Lease.

 

1. Exercise of Option
to Extend. Section 2.04 of the Original Lease, as amended by the MOU, is
hereby amended in its entirety to read as follows:

 

“Section 2.04. Exercise of Option to Extend. The options
to extend the term of this Lease shall be deemed to be automatically exercised
unless Tenant shall give City notice of the relinquishment of such option and
all succeeding options in the manner hereinafter specified for notices not
later than May 16, 2005, prior to the expiration of the Original Term or at
least two hundred thirty-five days (235) days prior to the expiration of the
prior Extended Term, as the case may be. The failure of Tenant to give such
notice within the time limited shall cause such option to be automatically
exercised and this Lease shall continue in full force and effect for the
succeeding Extended Term. The giving of notice of the relinquishment of an
option to extend the term within the specified time periods

 

 

prior to the expiration
of the preceding term shall cause such Extended Term and any succeeding
Extended Terms to lapse and become null and void and of no further force or
effect, and this Lease and all rights of Tenant hereunder shall expire and
terminate as of the end of the Original Term or Extended Term, as the case may
be.”

 

2. Confirmation.
The Lease, to the extent not inconsistent with the terms hereof, is hereby
confirmed.

 

IN WITNESS WHEREOF, the
parties have caused their duly authorized representatives to execute this
Second Amendment as of the day and year first above written.

 

	
  AZTAR
  INDIANA GAMING

  	
  AZTAR CORPORATION

  
	
  COMPANY,
  LLC

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ James L. Brown  

  	
   

  	
  By:

  	
  /s/ [ILLEGIBLE]

  
	
  Printed:

  	
  James L. Brown

  	
  Printed:

  	
  [ILLEGIBLE]

  
	
  Title:

  	
  President/GM 

  	
  Title:

  	
  VP & TREASURER

  
					

 

	
  REDEVELOPMENT
  COMMISSION OF

  	
   

  
	
  THE CITY OF EVANSVILLE,
  INDIANA

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  [ILLEGIBLE]

  	
   

  
	
   

  	
   

  
	
  [ILLEGIBLE]

  	
   

  
	
   

  	
   

  
	
  [ILLEGIBLE]

  	
   

  
	
   

  	
   

  
	
  [ILLEGIBLE]Exhibit
10.7(E)

 

MEMORANDUM
OF UNDERSTANDING

 

THIS MEMORANDUM OF
UNDERSTANDING (“Agreement”), is made on May 12, 2005, by and among the City of
Evansville, Indiana acting by and through the Redevelopment Commission of the
City of Evansville, Indiana, organized and operating under IC 36-7-14 (“Commission”),
Aztar Indiana Gaming Company, LLC, a limited liability company, organized and
existing under the laws of the State of Indiana (“Aztar Indiana”), and Aztar
Corporation, a corporation organized and existing under the laws of the State
of Delaware (“Guarantor”).

 

RECITALS

 

A. The Commission, Aztar
Indiana and Guarantor are the parties in interest to that certain Evansville
Riverboat Landing Lease dated May 2, 1995 (the “Original Lease”), as amended by
an Amendment to Lease Agreement effective December 1, 2001 (the “First
Amendment”), as further amended by that certain Second Amendment to Lease
Agreement dated August 27, 2003 (the “Second Amendment”), and as further
amended by those certain Memorandums of Understanding made effective as of December
1, 2004, and March 15, 2005, respectively (the “MOUs,” and collectively with
the Original Lease, the First Amendment and the Second Amendment, the “Lease”).

 

B. Section 2.04 of the
Original Lease, as amended by the MOUs, provides that options in favor of the
Tenant to extend the terms of the Lease shall be deemed to be automatically
exercised unless Tenant shall give City notice of the relinquishment of such
option and all succeeding options at least two hundred thirty-five (235) days
prior to the expiration of the Original Term or prior Extended Term, as the
case may be.

 

NOW, THEREFORE, for good
and valuable consideration, receipt of which is hereby acknowledged, the
Commission, Aztar Indiana and the Guarantor agree to amend the Lease as
follows. Capitalized terms not otherwise defined herein shall have the meaning
ascribed thereto in the Lease.

 

1. Exercise of Option
to Extend. Section 2.04 of the Original Lease, as amended by the MOUs, is
hereby amended in its entirety to read as follows:

 

“Section 2.04. Exercise of Option to Extend. The options
to extend the term of this Lease shall be deemed to be automatically exercised
unless Tenant shall give City notice of the relinquishment of such option and
all succeeding options in the manner hereinafter specified for notices not
later than June 9, 2005, prior to the expiration of the Original Term or at
least two hundred five days (205) days prior to the expiration of the prior
Extended Term, as the case may be. The failure of Tenant to give such notice
within the time limited shall cause such option to be automatically exercised
and this Lease shall continue in full force and effect for the succeeding
Extended Term. The giving of notice of the relinquishment of an option to extend
the term within the specified time periods prior to the expiration

 

 

of the preceding term
shall cause such Extended Term and any succeeding Extended Terms to lapse and
become null and void and of no further force or effect, and this Lease and all
rights of Tenant hereunder shall expire and terminate as of the end of the
Original Term or Extended Term, as the case may be.”

 

2. Confirmation.
The Lease, to the extent not inconsistent with the terms hereof, is hereby
confirmed.

 

IN WITNESS WHEREOF, the
parties have caused their duly authorized representatives to execute this
Agreement as of the day and year first above written.

 

	
  AZTAR
  INDIANA GAMING

  	
  AZTAR CORPORATION

  
	
  COMPANY,
  LLC

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ James L. Brown  

  	
   

  	
  By:

  	
  /s/ [ILLEGIBLE]

  
	
  Printed:

  	
  James L. Brown

  	
  Printed:

  	
  [ILLEGIBLE]

  
	
  Title:

  	
  Pres/GM 

  	
  Title:

  	
  CFO, VP & TREASURER

  
					

 

	
  REDEVELOPMENT
  COMMISSION OF

  	
   

  
	
  THE CITY OF EVANSVILLE,
  INDIANA

  	
   

  
	
   

  	
   

  
	
  [ILLEGIBLE]

  	
   

  
	
   

  	
   

  
	
  [ILLEGIBLE]

  	
   

  
	
   

  	
   

  
	
  [ILLEGIBLE]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}]]