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Exhibit 10.101    
    

 
 

AGREEMENT AND LEASE    
    

        THIS AGREEMENT AND LEASE entered into this 19th day of August, 1997, by and between the CITY OF OSCEOLA, IOWA, a
municipal corporation (hereinafter referred to as "CITY"), and the Osceola Water Works Board of Trustees (hereinafter referred to as "BOARD"), and Southern Iowa Gaming Co., an Iowa Corporation
(hereinafter referred to as "SOUTHERN"). 

        WHEREAS, SOUTHERN desires to operate and manage casino gambling on a excursion gambling boat and related activities on West Lake owned by
the CITY; 

        WHEREAS, the CITY and the BOARD wish to cooperate with SOUTHERN for the development and management of such facilities on West Lake; and 

        WHEREAS, SOUTHERN desires to lease certain real estate surrounding West Lake and the use of said lake in the operation of the excursion
gambling boat both of which are subject to the management and control of the BOARD. 

        NOW, THEREFORE, for mutual consideration contained herein, the parties agree as follows: 

        1.    DEFINITIONS:    For purposes of this Agreement And Lease, the following definitions
shall apply: 

        A.    Commencement Date:    The date on which the excursion gambling boat is first opened to
the public or eighteen (18) months after approval of an application to the Iowa Racing and Gaming Commission (hereinafter sometimes referred to as "IRGC") by SOUTHERN and Clarke County
Development Corporation (hereinafter referred to as "Development") for a license to conduct gaming at West Lake in accordance with Iowa law, whichever shall occur first. 

        B.    County:    Clarke County, Iowa. 

        C.    Default:    Any monetary default or non-monetary default. 

        D.    Unavoidable Delay:    Delay in performances of any obligation under this lease excluding
any obligation to pay money arising from or on account of any cause arising beyond the reasonable control of SOUTHERN to perform the obligation shall be the following: strikes, flood, condemnation,
government preemption (including Corp of Engineering permits and environmental permit that are processed by SOUTHERN in a timely manner, war, riots, and any other cause beyond the party's reasonable
control whether similar or dissimilar to the cause specifically enumerated in this paragraph, but in no event shall unavoidable delay be deemed to include any delay caused by Southern's financial
condition. 

        2.    LEASE AND OPTION.    

          (i)  BOARD
leases to SOUTHERN the real estate described in Exhibit 1 attached hereto, and the use of the water surface of West Lake for the operation of an excursion
gambling boat. 

         (ii)  The
BOARD also grants to SOUTHERN the option to lease the land described in Exhibit 2 attached hereto. Consideration for this lease shall be $100.00 per acre per
year and shall be leased under the same terms and conditions. SOUTHERN shall exercise this option by giving BOARD written notice thereof. This option shall terminate three (3) years from the
commencement date. After such time said real estate shall be subject to the right of first refusal set out below. 

        (iii)  If
the BOARD proposes to lease any of the remaining real estate under BOARD's control and adjoining the Lake, which is not included in Exhibit 1 or
Exhibit 2, it grants 

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SOUTHERN
the right of first refusal to lease said real estate under the same terms and conditions as the proposed lease. BOARD shall notify SOUTHERN of its intent to lease said real estate and
SOUTHERN shall exercise its first right of refusal within fifteen (15) days of receipt of said notice. 

        3.    NO INTERIM LEASE TO THIRD PARTY.    Effective upon the execution of this Agreement and
Lease, BOARD shall not lease the Premises to any other person or entity provided SOUTHERN shall have tendered its application for an operator's license no later than December 31, 1997. 

        4.    LIQUIDATED DAMAGES.    For each month that SOUTHERN shall have failed to comply with (A)
or (B) below, SOUTHERN shall remit to CITY the sum of Five Thousand Dollars ($5,000.00). In no event shall SOUTHERN be required to remit an amount greater than Fifty Thousand Dollars ($50,000.00) by
the operation of this Paragraph 4. 

        A.
By December 31, 1997, SOUTHERN shall file its application for a license with the IRGC; 

        B.
Within eighteen (18) months of the date SOUTHERN's application is approved by the IRGC, SOUTHERN shall have commenced gaming operations on West Lake. 

        5.    PRE-OPERATIONAL TERM.    The Pre-operational Term of this lease
shall begin on the earlier of: (a) the date the IRGC notifies the Parties that it has approved SOUTHERN and DEVELOPMENT to hold the applicable licenses; or (b) January 1, 1998,
whichever comes first, and shall end on the Commencement Date. The lease payment due during the Pre-operational Term shall be Ten Thousand Dollars ($10,000.00) per year, paid in advance to
the BOARD within fifteen (15) days after the first day of each year of the Pre-operational Term. 

        6.    TERM.    The term of this lease shall begin on the commencement date and continue for a
period of five (5) years unless terminated pursuant to the provisions hereof and unless extended as provided herein subject to the following contingencies: 

        A.    In
the event that SOUTHERN shall encounter unavoidable delay with the permitting process of any regulatory agency on the Premises, then the BOARD, agrees to extend the
Pre-operational Term of the lease for an additional period equal to the period of delay, however said extension shall not exceed one (1) year. 

        B.    SOUTHERN
shall also have nine (9) exclusive options to extend its lease for a period of five (5) years from the expiration of the then current term,
provided however, nothing in this paragraph shall permit SOUTHERN to lease for more than fifty (50) years. 

        C.    This
Agreement and Lease shall terminate at the option of any of the parties upon the happening of any of the following events: 

          (i)  Cancellation
of gambling excursion boat license as a result of an unfavorable referendum after submission to the electorate; 

         (ii)  Non-renewal
of license by the IRGC; or 

        (iii)  Termination
of Management Agreement. 

        D.
At CITY's or BOARD's option, CITY or BOARD may terminate this Agreement and Lease upon the happening of any of the following events: 

          (i)  If
SOUTHERN fails to submit an application by the 31st day of December, 1997. 

         (ii)  If
SOUTHERN fails to obtain approval of its application by the 30th day of June, 1998. 

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        (iii)  After
the commencement of the casino gambling operations, if the Company, for reasons which are in the Company's exclusive control, fails to regularly conduct casino
gambling operations on an excursion boat on the premises for any continuous period of ninety (90) days, said failure shall constitute a voluntary termination of this Agreement by the Company. 

        E.    Except
for improvements which the BOARD elects to retain, SOUTHERN must restore the Premises to substantially the same condition as existed prior to the execution of this
Agreement. In restoring the Premises, the following procedures shall apply: 

          (i)  Within
sixty (60) days of termination, SOUTHERN shall notify BOARD of which improvements SOUTHERN intends to salvage. 

         (ii)  The
BOARD shall, within thirty (30) days of SOUTHERN's notification of improvements to be salvaged, identify those remaining improvements which the BOARD elects
to salvage. 

        7.    CONDITIONS PRECEDENT.    This Agreement and Lease is subject to the condition precedent
that SOUTHERN shall have entered into a management agreement with a qualifying sponsoring organization as defined by Iowa law, initially intended to be Clarke County Development Corporation
("Development"). 

        8.    CONSIDERATION FOR AGREEMENT AND LEASE.    These payments are due during the Term as
described in Paragraph 6 above. 

        A.    Monetary.

          (i)  The
sum of One Hundred Fifty Thousand Dollars ($150,000.00) per year payable in equal monthly installments beginning on the commencement date. This lease payment as
well as any payments made under provisions set out in paragraph 2(ii) and (iii) shall be made to the BOARD. Said payments shall increase each year by one per cent (1%) until termination of the
lease. 

         (ii)  The
legal and other necessary costs incurred by the CITY in connection with annexation of the premises and surrounding area, however, in no event shall SOUTHERN be
obligated to pay more than $25,000.00. SOUTHERN will also voluntarily annex property it owns or will own. 

        (iii)  One
and one quarter percent (1.25%) of the adjusted gross gambling receipts, as audited by the State of Iowa, to be paid to the CITY monthly. 

        (iv)  Partial Payment of Initial Costs. SOUTHERN will remit to the CITY the CITY's and BOARD's legal and administrative costs
in negotiating this Agreement and Lease upon the CITY and BOARD submitting the actual costs incurred. However, in no event shall said reimbursement exceed $10,000.00. 

        B.    Development
Benefiting City. 

          (i)  Employment: SOUTHERN shall within two (2) years of the opening employ not less than five hundred
(500) employees. 

         (ii)  Development: SOUTHERN will commit to spend on infrastructure and other improvements over the first five (5) years
of operations not less than Thirty Million Dollars ($30,000,000.00). Of this $30,000,000.00, Three Million ($3,000,000.00) shall be spent prior to the opening of the casino and an additional Two
Million ($2,000,000.00) shall be spent within the first two years of operations; both expenditures constituting improvements which will be subject to real estate or property taxes under Iowa law. 

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        (iii)  Improvement: SOUTHERN will improve the BOARD's boat ramp by expanding said ramp and installing additional boat slips
and establishing rest room facilities connected to the CITY's sanitary sewer system. 

        9.    TAXES:    In the event of any real estate, property or ad valorem tax or other tax being
assessed against any of the property described in this Agreement, then it shall be the obligation of SOUTHERN to discharge that tax. 

        10.    UTILITIES AND INFRASTRUCTURE:    

        A.    Sewers
and Water. SOUTHERN shall construct and extend, at it's own expense, water and sanitary sewer mains from existing CITY and BOARD lines. These utility improvements
shall be of sufficient quality and a capacity to provide for anticipated water and sanitary sewer needs of the excursion boat and associated on shore operations of SOUTHERN and improvements to be made
on land owned by SOUTHERN. The plans for such improvements shall be subject to approval and inspection by the CITY or BOARD and in conformity with applicable City Ordinances. Upon completion and
approval by the CITY or BOARD, ownership of the utility improvements shall be transferred to the CITY together with all easements necessary for maintenance and access. 

        B.    The
City will charge a connection fee for anyone connecting to the water and sewer mains installed by SOUTHERN. Said connection fees shall be One Thousand ($1,000.00)
dollars for water and One Thousand ($1,000.00) dollars for sewer for a one or two family residence and Five Thousand ($5,000.00) dollars for water and Five Thousand ($5,000.00) dollars for
multi-family residential, commercial or industrial development. The connection fees shall be refunded to SOUTHERN for a period of ten (10) years from date of installation of said improvements.
In no event shall said refunds exceed installation costs of SOUTHERN. 

        C.    Electric,
Gas, Phone and Roads. SOUTHERN may install at its own cost electric, gas, and phone service as and when it deems advisable. SOUTHERN shall construct such roads
as it may be necessary
at its sole cost. However, any roads SOUTHERN wishes to dedicate to the CITY as public roads, shall be constructed in conformity with plans and specifications approved by the CITY. 

        D.    If
the CITY elects to pave Clay Street from Interstate 35, to the CITY, SOUTHERN agrees to finance the cost of the paving project. SOUTHERN will be repaid by the CITY,
the cost plus a reasonable rate of interest determined by the existing municipal bond rate, including incurred interest expense, by withholding a portion of the revenues the CITY is to receive under
paragraph 7(A)(iii) until paid. Terms of the repayment schedule shall be mutually agreed upon by both parties, however, in no event shall the amount withheld by SOUTHERN exceed 50% of the
amount due, and it is the intent that said repayment shall not exceed ten (10) years. 

        E.    Easement
Cooperation. CITY agrees to provide assistance and cooperation to SOUTHERN in obtaining the easements, and applying for licenses and State and Federal Grants
which may be available or necessary to complete these improvements. 

        11.    USE OF THE PROPERTY.    

          (i)  SOUTHERN
shall comply with all CITY and State rules and regulations concerning its utilization of the gaming site for the duration of this Agreement, and fulfill any
requirements of any State agency upon the termination of this Lease Agreement that are incurred as a result of SOUTHERN's use of the property. 

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         (ii)  SOUTHERN
shall hold the CITY and BOARD harmless from any damage or pollution resulting from SOUTHERN's use of the property. SOUTHERN shall indemnify BOARD for any and
all costs associated with clean up, equipment damage, or regulatory fines that are found to be caused by pollution, contamination, or operation of SOUTHERN's Excursion Gambling Boat or associated Lake
shore facilities. 

        12.    LICENSES:    CITY agrees to issue to SOUTHERN, its partners, agents or affiliates such
business or other licenses as may be necessary to operate the commercial enterprises pursued by such entity in the CITY. 

        13.    SIGNAGE:    CITY agrees to cooperate with SOUTHERN in placing signs for the casino and
the related development, the same to comply with all CITY Ordinances. This shall not limit SOUTHERN's right to apply for a variance from these standards, as permitted by said Ordinances. 

        14.    MAINTENANCE, UTILITIES, AND OPERATING EXPENSE.    SOUTHERN shall be responsible for all
maintenance, utility and operating expenses including the cost of electrical expense, heating expense, snow removal, lawn care, janitorial services, garbage, water, sewer and other utility expenses,
repairs, maintenance costs, and all other operating expense incurred in the occupancy of the premises as described above. 

        15.    NONDISCRIMINATION.    It is agreed that with respect to the use of the premises covered
by this Agreement, SOUTHERN shall not exclude anyone from participation in, deny anyone the benefits of, or otherwise subject anyone to discrimination because of the person's race, color, national
origin, age or disability. 

        16.    IMPROVEMENTS.    SOUTHERN may make such alterations and improvements to the premises,
at SOUTHERN's expense, as it may deem desirable, provided only that the plans for such additional alterations and improvements first be submitted and approved in writing by the BOARD which such
approval shall not be unreasonably withheld, and further provided that all necessary governmental approval shall have been secured by SOUTHERN. All alterations or improvements shall be subject to
inspection by the CITY or BOARD and be in conformity with applicable City Ordinances. 

        17.    MECHANIC'S LIENS.    SOUTHERN shall not cause or suffer any lien or encumbrance to
attach to or go against the premises, improvements, building or real estate upon which the former are located. If
SOUTHERN shall cause a lien or encumbrance to be filed, SOUTHERN shall cause the same to be canceled and discharged of record by bond or otherwise as allowed by law at the expense of SOUTHERN within
thirty (30) days after the filing thereof. 

        18.    ACCESS.    The CITY and BOARD shall have access to the leased property at all
reasonable times in order to discharge any obligations they may have. 

        19.    INSURANCE.    SOUTHERN shall, at its sole cost and expense, during the term, maintain
or cause to be maintained, the following insurance (or its then reasonable available equivalent): 

        A.    Liability:    Commercial general liability insurance against claims for personal injury, death or property
damage occurring upon, in or about the premises, including, if SOUTHERN shall operate or dock excursion gambling boat from the premises, protection and indemnity insurance with respect thereof. The
coverage under all such liability insurance shall be at least One Million Dollars ($1,000,000.00) in respect of injury or death to a single person, and at least Five Million Dollars ($5,000,000.00) in
respect of any one accident, and not less than One Million Dollars ($1,000,000.00) for property damage. CITY agrees to maintain liability insurance against similar claims arising from the recreational
use of the Lake in the same amount set forth above and complying with Paragraph D below. 

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        B.    Workers Compensation.    Workers compensation insurance covering all persons employed in connection with the
construction, alteration, repair or operation of the premises, and with respect to whom any claim could be asserted against CITY or the fee estate. Any or all workers compensation insurance required
by this lease may be provided through a self-insurance program, provided that such program is approved by the appropriate State insurance regulator. 

        C.    First Rent Period.    During the first rent period, SOUTHERN shall also provide or cause its contractors to
maintain contractor's commercial general liability insurance having a combined single limit of not less than Five Million Dollars ($5,000,000.00) (and, if the contractor is undertaking foundation,
excavation or demolition work, an endorsement stating that such operations are covered and that the "XCU Exclusions" have been deleted.) 

        D.    Policy Requirements and Endorsements.    All insurance policies required by this lease shall contain (by
endorsement or otherwise) the following provisions: 

        (i)    Primary Coverage.    All policies shall be written as primary policies not contributing with or in excess of
any coverage that any additional insured may carry. 

        (ii)    Contractual Liability.    Policies of liability insurance shall contain contractually assumed liability
coverage, relating to SOUTHERN's indemnity obligations under this lease. 

        (iii)    Insurance Carrier Standards.    Each rated insurance carrier shall be authorized to do business in the State
and shall have a "Best's" rating of at least B+-VI or its equivalent. 

        E.    Deliveries to City.    SOUTHERN shall deliver to CITY certificates or certified coverage summaries of the
insurance policies required by this lease, at least ten (10) days before expiration of any then current policy. 

        F.    Blanket and Umbrella Policies.    SOUTHERN may provide any insurance required by this lease pursuant to a
"blanket" or "umbrella" insurance policy, provided that such policy otherwise complies with this lease. 

        20.    STATUS OF TITLE.    SOUTHERN shall have a right to satisfy itself within thirty
(30) days of the execution of this lease of the status of the CITY's title to the property. If SOUTHERN's counsel is not reasonably satisfied that the CITY has good and marketable title to the
land, then SOUTHERN shall notify CITY and BOARD in writing not more than thirty (30) days after the execution hereof. CITY shall then have thirty (30) days to clear or eliminate any
reasonable concerns. If SOUTHERN is not satisfied then it may terminate this Agreement and all obligations to CITY and BOARD. So long as the CITY or BOARD have not terminated this lease on account of
an event of default by SOUTHERN, then SOUTHERN may peaceably and quietly have, hold and enjoy the premises for the term without molestation or disturbance (except as to the sublease of to the CITY or
BOARD). 

        21.    MEMORANDUM OF LEASE.    In lieu of recording this document, the parties may record a
memorandum of lease. CITY and BOARD agree to execute a Memorandum of Lease at SOUTHERN's request. 

        22.    NO LANDLORD'S LIEN.    CITY and BOARD confirm and acknowledge that they have no lien or
security interest in any personal property located in, on or at the land, and that such property shall not constitute security for payment of any rent. If any statute or principle of law would grant
CITY and BOARD any such lien or security interest, then CITY and BOARD hereby waive the benefit of any such status, principle and such lien. CITY further agrees to execute and cause any fee mortgagees
to execute such documentation, in recordable form, as SOUTHERN shall reasonably require to confirm the foregoing waiver. 

        23.    Indemnification.    SOUTHERN shall indemnify, defend and hold harmless the CITY and
BOARD their officers, directors, employees, and agents, from and against any and all liabilities, 

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obligations,
claims, damages, causes of action, costs and expenses, incurred by, or asserted against the CITY relating to any accident, injury to or death of any persons, or loss of or damage to
property occurring in or about the premises or in connection with the gaming operation, compliance with applicable gaming laws, and payment of any fees or taxes imposed with respect to gambling
operations. 

        The
CITY and BOARD shall indemnify, defend and hold harmless SOUTHERN, its officers, directors, employees, and agents, from and against any and all liabilities, obligations, claims,
damages, causes of action, costs and expenses, incurred by, or asserted against SOUTHERN relating to any accident, injury to or death of any persons, or loss of or damage to property occurring in or
about SOUTHERN as a result of any act or omission by CITY and BOARD. 

        24.    Default.    In the event SOUTHERN fails to pay any rental due hereunder or fails to
keep and perform any of the other terms and conditions of this Lease Agreement, time being of the essence, then thirty (30) days after written notice or default from the CITY or BOARD, CITY or
BOARD may, if such default has not been corrected, resort to any and all legal remedies or combination of legal remedies which they may desire to assert including but not limited to: 

        A.    Declare
this Lease Agreement to an end and terminate it; 

        B.    Sue
for the rent due and to become due under the Lease Agreement and for any damages sustained by CITY or BOARD. 

        25.    Entire Agreement.    This Agreement shall constitute the entire agreement and
understanding between the parties and supersedes any prior agreement or understanding relating to the subject matter of this Agreement. This Agreement may be modified or amended only by a written
agreement signed by all the parties. The parties hereby covenant they will agree to any amendments to this Agreement which may be necessary or desirable in order to conform to Federal tax law, Iowa
statutes, or administrative rules, including future legislative enactments and rules, provided that such amendments do not materially alter the rights or obligations of either party hereunder. 

        26.    Severability.    In the event any portion of this Lease Agreement is determined by
competent jurisdiction to be void, illegal, or otherwise unenforceable, all other terms of the Lease Agreement shall remain in full force and effect and this Lease Agreement shall be in full force as
if the void, illegal, or otherwise unenforceable provisions did not exist. 

        27    Benefit.    This Lease Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective legal representatives, heirs, successors and assigns. 

        28.    Assignment.    No party shall assign its rights or duties under this Lease Agreement
without the prior written consent of the remaining party. 

        29.    Governing Law.    This Agreement and Lease shall be construed and interpreted, and the
rights of the parties shall be determined, in accordance with the laws of the State of Iowa. The parties agree and acknowledge that all terms and provisions hereof are subject to applicable law,
including the statutes of the State of Iowa with respect to gaming and any rules and regulations promulgated by the commission. 

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        30.    Notices.    All notices required or permitted to be given hereunder shall be given by
registered mail, in person (in writing), by telecopy or by telex and addressed as follows: 

To
Southern Iowa Gaming Co.

SOUTHERN IOWA GAMING CO. 

To
the City

CITY OF OSCEOLA

CITY HALL

115 N. FILLMORE

OSCEOLA, IA 50213 

OSCEOLA
WATER WORKS BOARD OF TRUSTEES

CITY HALL

115 N. FILLMORE

OSCEOLA, IA 50213 

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        IN
WITNESS WHEREOF, the parties have executed this Lease Agreement as of the date first above written. 

	

 	
 	

SOUTHERN IOWA GAMING CO.
	

 	
 	

By:	

/s/  LARRY SECKINGTON      

	 	 	Its:	Secretary

	 	 	Date:	August 19, 1997

	

 	
 	

CITY OF OSCEOLA, IOWA
	

 	
 	

By:	

/s/  FRED DIEHL      

	 	 	Its:	Mayor

	 	 	Date:	8-19-97

	

 	
 	

OSCEOLA WATER WORKS BOARD OF TRUSTEES
	

 	
 	

By:	

/s/  SIGNATURE ILLEGIBLE      

	 	 	Its:	Chairperson

	 	 	Date:	8-19-97

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Exhibit 10.101

AGREEMENT AND LEASEQuickLinks
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Exhibit 10.102    
    

 
 

AMENDMENT TO AGREEMENT AND LEASE    
    

        THIS AMENDMENT TO AGREEMENT AND LEASE entered into this 17th day of March 1998 by and between the  CITY OF OSCEOLA,
IOWA, a municipal corporation (hereinafter referred to as "CITY") and the OSCEOLA WATER WORKS BOARD OF
TRUSTEES (hereinafter referred to as "BOARD") and SOUTHERN IOWA GAMING CO., an Iowa Corporation (hereinafter referred to as
"SOUTHERN") does amend that one certain Agreement and Lease dated the 19th day of August, 1997 as follows: 

        1.     Paragraph 2(i)
is hereby amended by adding the following: 

        "The
use of the water surface for the operation of an excursion gambling boat is a nonexclusive use. Nothing contained herein shall give SOUTHERN any right or authority to restrict any
other use and the BOARD shall retain all right and authority to promulgate reasonable regulations for the use of the Lake, provided however, nothing contained herein shall allow BOARD to issue any
regulation interfering with the operation of SOUTHERN. Provided further however, nothing contained herein shall prohibit the BOARD from implementing standards or regulations imposed or required by
state or federal laws or regulations. 

        2.     Paragraph 6(C)
is amended by adding the words "as to the water surface" after the work "lease" in the first line of said paragraph 6(C). 

        3.     Paragraph 6(D)
is amended by adding the words "as to the water surface" after the word "lease" in the second line of said paragraph 6(D). 

        4.     Paragraph 6(D)
is amended by adding 6(D)(iv) and (v) as follows: 

          iv.  In
the event SOUTHERN ceases gaming for any reason, then SOUTHERN must either re-negotiate the terms of this lease for a new use for the vessel or remove
the vessel within six (6) months. 

           v.  In
the event SOUTHERN closes the gaming vessel, but the land-based facilities on CITY property remains open, then the rent payable under this Lease, Option
and Right of First Refusal shall be re-negotiated and subject to such negotiation shall continue as to the land. In the event such re-negotiation is not successful, then
SOUTHERN has the option of leasing the CITY property described in Exhibit 3, at the then market value of the land in an unimproved state for such use. Said value shall be agreed upon by the
parties. If the parties fail to agree, then an appraisal shall be obtained to place such rental value on the property to be leased. For any property not developed as of the date gaming ceases,
SOUTHERN shall have twelve (12) months from such date to propose development of all or part of the remaining property, including plans and specifications and commence construction. For any
property not proposed for development, SOUTHERN'S Lease or Option shall cease. 

        5.     Section 6(E)
is hereby amended by adding the following paragraph: 

          iii.  Any
improvements not salvaged by SOUTHERN or agreed to be salvaged by the CITY shall be removed by SOUTHERN not later than one (1) year following the date of
termination. 

        6.     Paragraph 10(D)—is
hereby deleted and the following adopted in lieu thereof: 

        D.    SOUTHERN
agrees to pay, at its sole expense, all costs for Clay Street (County Road H-33) grading, paving and culvert improvements from northbound Interstate
35 ramp terminal eastern most ramp, westerly to the entrance of the SOUTHERN facility, including a new bridge over Interstate 35, not otherwise covered by Iowa Department of Transportation (IDOT)
grant funds. If the CITY, after consulting with and obtaining the approval of SOUTHERN, elects to accept and enter into an Agreement with the IDOT for a RISE grant for the above referenced Clay Street
improvements, SOUTHERN agrees to meet all requirements placed on it within said 

 

IDOT
Agreement. Failure to meet any requirements set forth in said IDOT Agreement, shall constitute a default of the IDOT Agreement by SOUTHERN and SOUTHERN shall be responsible for the consequences
of said default, including but not limited to repayment of grant funds received by the CITY. 

        7.     Section 10
is hereby amended by adding the following paragraph and renumbering existing Paragraph 10(E) as 10(F): 

        E.    If
the CITY, elects to pave Clay Street from the northbound Interstate 35 ramp terminal eastern most return, easterly to the point at which the paving currently ends
(approximately twenty feet (20') west of Vale Street), SOUTHERN agrees to finance the cost of the project, including engineering, grading and paving, not to exceed a total cost of $1,250,000.00. CITY
and SOUTHERN shall confer and agree on the design, the design engineer and the cost thereof, regarding plans and specifications for said project including, but not limited to, grading for the purpose
of controlling storm water run off and meeting necessary sight distance requirements, improved roadway culverts if required, and type and depth of hard surfacing to be installed. SOUTHERN will also be
consulted and an agreement reached on the method of bidding and letting the construction contract, so as to coordinate such project with the project referred to in 6(D) above. SOUTHERN will be repaid
by the CITY, the cost plus a reasonable rate of interest determined by the existing municipal bond rate, out of the revenues paid to the CITY pursuant to paragraph 8(A)(iii) until paid. Terms
of the repayment schedule shall be mutually agreed upon by both parties, however, in no event shall the amount paid to SOUTHERN exceed 50% of the revenues received by the CITY, nor be less than 30% of
the revenues pursuant to paragraph 8(A)(iii), and in no event shall said repayment exceed ten (10) years. 

        8.     Section 19
is hereby amended by adding the following paragraph: 

        G.    Water Pollution Insurance.    Insurance against any damage to the water quality of West Lake or any damage
caused to the Water Treatment Facility as a direct or indirect result of SOUTHERN'S operations. Said coverage shall be at least Five Million Dollars ($5,000,000.00) and shall be in effect prior to
SOUTHERN engaging in any construction activities within the leased premises and shall continue in effect as long as any improvements constructed, developed, or owned by SOUTHERN remain on or within
the leased premises (including both the water surface and the leased real estate). 

        IN WITNESS WHEREOF, the parties have executed this Amendment to Agreement and Lease as of the date first above written. 

	 	 	SOUTHERN IOWA GAMING CO.
	

 	
 	

By:	
 	

/s/  WILLIAM M. GRACE      

	 	 	Its:	 	 
	 	 	 	 	

	 	 	Date:	 	5-8-98

	

 	
 	
CITY OF OSCEOLA, IOWA
	

 	
 	

By:	
 	

/s/  FRED DIEHL      

	 	 	Its:	 	Mayor

	 	 	Date:	 	March 17, 1998

	

 	
 	
OSCEOLA WATER WORKS BOARD OF TRUSTEES
	

 	
 	

By:	
 	

/s/  SIGNATURE ILLEGIBLE      

	 	 	Its:	 	Chairperson

	 	 	Date:	 	4-2-98

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Exhibit 10.102

AMENDMENT TO AGREEMENT AND LEASE

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}]]