Document:

Exhibit 10.4(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,
2003Exhibit 10.4(F)

 

FOURTH
AMENDMENT TO DOCKAGE AGREEMENT

 

THIS
FOURTH AMENDMENT TO DOCKAGE AGREEMENT (hereinafter “Fourth Amendment”) is made
and entered into on this the 17th day of June, 2002, by and between THE
GREENVILLE YACHT CLUB, a Mississippi corporation (hereinafter “Yacht Club”),
and JMBS CASINO LLC, a Mississippi limited liability company (“JMBS”).

 

WITNESSETH:

 

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

 

WHEREAS,
the Yacht Club and Cotton Club entered into Agreements dated April 2, 1993
and September 27, 1993 related to the Original Agreement; and

 

WHEREAS,
on or about July 27, 1995, the Yacht Club and Cotton Club entered into a
Second Amendment to the Original Agreement (hereinafter “Second Amendment”), a
memorandum of which is filed in Book 1983, Page 649, of the Washington
County, Mississippi records; and

 

WHEREAS,
by Assignment of Agreements dated December 11, 1997 and recorded at book
2000, page 312, of the Washington County, Mississippi records, Cotton Club
(which changed its corporate name to Jubilation Lakeshore, Inc.) assigned
its rights in the Original Agreement, as amended, to Alpha Gulf Coast, Inc; and

 

WHEREAS,
on or about December 22, 1997, the Yacht Club and Alpha Gulf Coast, Inc.
entered into that certain Third Amendment to Dockage Agreement (the Original
Agreement, as amended by the letter agreement, Agreements, and

 

 

Amendments referred to
above; is hereinafter referred to collectively as the “Amended Dockage
Agreement”); and

 

WHEREAS, Alpha Gulf Coast, Inc.
assigned its rights under the Amended Dockage Agreement to Greenville Casino
Partners, L.P., by virtue of an Assignment of Yacht Club Dockage Agreement and
License Agreement dated March 2, 1998, recorded in Book 1990, Page 555,
of the Washington County, Mississippi records; and

 

WHEREAS, Greenville
Casino Partners, L.P. assigned its rights under the Amended Dockage Agreement
to JMBS, by virtue of an Assignment of Dockage Agreement dated March 14,
2002, recorded in Book 2218, Page 372, of the Washington County,
Mississippi records; and

 

WHEREAS, the Yacht Club,
JMBS, and Greenville Casino Partners, L.P., entered into a Consent Agreement
dated February 22, 2002 related to the assignment to JMBS; and

 

WHEREAS, the Yacht Club
and JMBS desire to further amend the Amended Dockage Agreement.

 

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. JMBS hereby
notifies the 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 the exercise by JMBS of the third option to extend the term of
the Amended

 

2

 

Dockage Agreement, the
term of which shall begin at 12:01 a.m. (Central Standard Time) on December 29,
2002, and shall expire at 11:59:59 p.m. on August 31, 2010 (the “Third
Option Term”). During the Third Option Term JMBS shall pay to the Yacht Club
dockage fees as provided in the Agreement, and under Section 7 during the
Third Option Term such dockage fees shall be $390,000 per annum, prorated on a
daily basis for any year less than 365 days.

 

2. Section 9 of
the Original Agreement is hereby amended in its entirety to read as follows;

 

Yacht Club further agrees
that so long as Cotton Club is not in default of this Agreement (Cotton Club
shall not be deemed to be in default unless Yacht Club has given Cotton Club
written notice of such default and Cotton Club has not cured such default
within thirty days after receipt of such notice), Yacht Club will not allow any
vessel not owned/operated/chartered by Cotton Club which is primarily engaged
in the business of gaming to tie up at its dock or otherwise occupy any
waterfront space in which Yacht Club has any rights, title or interest.
Notwithstanding anything in this Dockage Agreement to the contrary, Cotton Club
has the right, but not the obligation, under this Dockage Agreement to tie up a
vessel or vessels primarily engaged in the business of gaming at Yacht Club’s
dock. Accordingly, no removal by Cotton Club of any vessel or vessels tied up
at the Yacht Club’s dock shall affect the Yacht Club’s obligations or Cotton
Club’s rights under the first sentence of this Section 9.

 

3. The substance
(but not the title) of Section 28 of the Original Agreement is deleted and
the following inserted in lieu thereof:

 

Except as otherwise
expressly provided herein, all notices and other communications provided for
hereunder shall be in writing (including telecopier communication) and mailed,
telecopied or delivered:

 

	
  If to Yacht Club:

  	
   

  	
  Greenville
  Yacht Club

  
	
   

  	
   

  	
  P.O. Box
  417

  
	
   

  	
   

  	
  Greenville,
  MS 38702-0417

  
	
   

  	
   

  	
  ATTN:
  Marcus E. Hooker, Commodore

  
	
   

  	
   

  	
  Fax:
  (662) 334-1871

  

 

3

 

	
  With copies to:

  	
   

  	
  Joel
  J. Henderson, Esq.

  
	
   

  	
   

  	
  Henderson
  Dantone, P.A.

  
	
   

  	
   

  	
  241
  Main

  
	
   

  	
   

  	
  P.O. Box
  2778

  
	
   

  	
   

  	
  Greenville,
  MS 39702-0778

  
	
   

  	
   

  	
  Fax:
  (662) 378-3413

  
	
   

  	
   

  	
   

  
	
  If to Cotton Club:

  	
   

  	
  JMBS
  Casino LLC

  
	
   

  	
   

  	
  242
  South Walnut Street

  
	
   

  	
   

  	
  Greenville,
  MS 38701

  
	
   

  	
   

  	
  ATTN:
  Joseph A. Yung, Manager

  
	
   

  	
   

  	
  Fax:
  (662) 335-2700

  
	
   

  	
   

  	
   

  
	
  With a copy to:

  	
   

  	
  Andrew
  R. Berger, Esq.

  
	
   

  	
   

  	
  Katz,
  Teller, Brant & Hild

  
	
   

  	
   

  	
  255
  E. Fifth Street, Suite 2400

  
	
   

  	
   

  	
  Cincinnati,
  Ohio 45202-4787

  
	
   

  	
   

  	
  Fax:
  (513) 721-7120

  

 

or, as to Yacht Club or
Cotton Club, at such other address which shall be designated by such party in a
written notice to the other party hereto. All such notices and communications
addressed to Yacht Club or Cotton Club shall, if sent through the United States
Mail, be effective three days after deposited in the United States Mail,
certified receipt, return receipt requested, or if sent by telecopy, be effective
when so telecopied, or if sent by hand delivery, be effective on the same day
so delivered.

 

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

 

5. JMBS and the
Yacht Club agree that, except as specifically modified herein, the Amended
Dockage Agreement remains in full force and effect.

 

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

 

7. JMBS agrees to
reimburse Yacht Club for its reasonable attorneys fees in connection with Yacht
Club’s review of the Reaffirmation of Consent Agreement and Memorandum of
Agreement by the Yacht Club in favor of Bank of America, N.A.

 

4

 

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

 

	
   

  	
   

  	
  JMBS CASINO LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Joseph A. Yung

  
	
   

  	
   

  	
   

  	
  Joseph A. Yung, Manager

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  THE GREENVILLE YACHT
  CLUB

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Marcus E. Hooker

  
	
   

  	
   

  	
   

  	
  Marcus E. Hooker,
  Commodore

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ATTEST

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Illegible

  	
   

  	
   

  
	
  Secretary

  	
   

  	
   

  

 

5

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