Document:

exv10w15xay

 

EXHIBIT
10.15(a)

ASSIGNMENT OF

AGREEMENT GRANTING MOORAGE AND OTHER RIGHTS

     THIS ASSIGNMENT OF AGREEMENT GRANTING MOORAGE AND OTHER RIGHTS (the “Assignment”) is made
effective as of the
14th day of March 2002, by and between GREENVILLE CASINO PARTNERS, L.P., a
Mississippi limited partnership, whose address is P.O. Box 1294, Greenville, MS 38702-1294
(“Assignor”), and JMBS CASINO LLC, a Mississippi limited liability company, whose address is 3061
Prestwicke Drive, Edgewood, KY 41017 (“Assignee”) as follows:

W
I T N E S S E
T H:

     WHEREAS, The City of Greenville, Mississippi, a municipality (the “City”) entered into a
Lease Agreement with Cotton Club of Greenville, Inc., a Mississippi corporation (“Cotton Club”) dated
April 1, 1993 (the “Lease”), granting rights in a 210’ wide strip of land located in Greenville,
Washington County, Mississippi (the “Property”), more fully described on Exhibit A
attached hereto and incorporated herein. The Lease is recorded in Book 1983, Page 601 of the
Washington County, Mississippi Records; and

     WHEREAS, Jubilation Lakeshore, Inc., f/k/a Cotton Club of Greenville, Inc., assigned its
rights under the Lease to Alpha Gulf Coast, Inc. by virtue of an Assignment dated December 11,
1997, recorded in Book 1983, Page 587, of the Washington County, Mississippi Records; and

     WHEREAS, Alpha Gulf Coast, Inc. assigned its rights under the Lease to Greenville Casino
Partners, L.P., by virtue of an Assignment of Agreement Granting Moorage, Dockage, Berthing and
Other rights and Lease Agreement dated March 2, 1998, recorded in Book 1990, Page 555, of the
Washington County, Mississippi Records; and

     WHEREAS, Assignor and Assignee are parties to an Asset Purchase Agreement dated January 26,
2002 (the “Purchase Agreement”), and pursuant to the Purchase Agreement, the Assignor is required
to assign all of its rights under the Lease to Assignee.

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

     1. Assignor does hereby assign and convey to Assignee all of Assignor’s right, title and
interest in, to and under the Lease.

     2. Assignee hereby accepts said Assignment and assumes all of the benefits and agrees to
perform all of the obligations of Assignor under the Lease.

     3. Assignee in accepting said Assignment acknowledges that it is familiar with the terms,
provisions and conditions of the Lease and agrees to fully perform and abide by all of the terms,
provisions and conditions of Assignor thereunder, all in accordance with the terms hereof and the
terms of the Asset Purchase Agreement between Assignor and Assignee dated January 26, 2002.

 

 

     IN
WITNESS WHEREOF, the parties have executed this Assignment as of the dates set forth below in their respective acknowledgments, with this Assignment to be
effective March 14, 2002.

	 	 	 	 	 	 	 
	WITNESSES:	 	 	 	 
	 
	 	 	 	 	 	 
	(As to Assignor)	 	ASSIGNOR:
	 
	 	 	 	 	 	 
	 	 	 	 	GREENVILLE CASINO
PARTNERS, L.P.,
	 	 	 	 	a Mississippi limited partnership
	 
	 	 	 	 	 	 
	 

	 	           /s/ [ILLEGIBLE]	 	By:	 	/s/ M. J. Jacobson
	 	 	 	 	 
	Printed Name:
[ILLEGIBLE]	 	Name:	 	M. J. JACOBSON
	 

	 	 
	 	 	 	 
	 

	 	 	 	Title:	 	CEO
	 

	 	 	 	 	 	 
	 
	 	           /s/
[ILLEGIBLE]	 	 	 	 
	 	 	 	 	 
	Printed Name:
[ILLEGIBLE]	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	(As to Assignee)	 	ASSIGNEE:
	 
	 	 	 	 	 	 
	 	 	 	 	JMBS CASINO LLC
	 	 	 	 	a Mississippi limited liability company
	 
	 	 	 	 	 	 
	 

	 	           /s/
[ILLEGIBLE]	 	By:	 	/s/ Joseph A. Yung
	 	 	 	 	 
	Printed Name:
[ILLEGIBLE]	 	 	 	Joseph A. Yung, Manager
	 

	 	 	 	 	 	 
	 
	 	           /s/
[ILLEGIBLE]	 	 	 	 
	 	 	 	 	 
	Printed Name:
[ILLEGIBLE]	 	 	 	 
	 	 	 	 	 

	 	 	 	 	 	 	 
	STATE OF MISSISSIPPI

	 	 	 	)	 	 
	 

	 	 	 	)SS:
	 	 
	COUNTY OF WASHINGTON

	 	 	 	)	 	 

     The
foregoing instrument was acknowledged before me this
14th day of
March, 2002, by M. J. Jacobson, the CEO of GREENVILLE CASINO PARTNERS, L.P., a Mississippi
limited partnership, on behalf of the partnership, the Assignee in the foregoing Assignment.

	 	 	 
	 

	 	/s/ [ILLEGIBLE]
	 

	 	 
	 

	 	Notary Public

 

 

	 	 	 	 	 	 	 
	STATE
OF MS

	 	 	)	 	 	 
	 

	 	 	)SS:
	 	 	 
	COUNTY
OF WASHINGTON

	 	 	)	 	 	 

     The
foregoing instrument was acknowledged before me this
14th day
of March, 2002, by
Joseph A. Yung, the Manger of JMBS CASINO LLC,  a Mississippi limited liability company, on behalf
of the company as Assignor in the foregoing Assignment.

	 	 	 
	 

	 	/s/ [ILLEGIBLE]
	 

	 	 
	 

	 	Notary Public

This
instrument prepared by:
Tedd H. Friedman, Esq.

Katz, Teller, Brant & Hild

2400 Chemed Center 
255 East Fifth Street
Cincinnati, Ohio
45202-4724
(513)721-4532

KTBH: 514360.2

 

 

Exhibit “A”

     Parcel 7.5 (Section B)

A tract of land 210 feet wide, the South line of which shall be the North edge of
the paved City wharf, the East line of which is the West edge of the access
concrete sidewalks into Schelben Park, the North line of which is 210 feet North of
and parallel to the North edge of the concrete City wharf, and West line of which
is the water’s edge of Lake Ferguson, as it rises and falls, said tract of land
being shown as “Area 2” on the map attached hereto and made a part hereof by
reference as if fully set out herein.

Indexing Instructions:

Index under Section 6, Township 18 North, Range 8 West, Washington County, MS, being that portion
thereof previously described as being parts of Blocks 2 and 5, Original Town Addition of
Greenville, all now lying over the levee.exv10w15w1

 

Exhibit
10.15.1

AGREEMENT GRANTING MOORAGE, DOCKAGE,

BERTHING AND OTHER RIGHTS

     This Agreement entered into this day by and between the City
of Greenville, Mississippi, a municipal corporation (“City”),
acting by and through The City Council of Greenville, and Cotton
Club of Greenville, Inc., a Mississippi corporation with its
principal place of business in Greenville, Mississippi (“Cotton
Club”),

     WITNESSETH:

1.

     The City of Greenville, Mississippi, is a municipality in which there is situated a harbor
that is a port of entry. Further, the said City owns the concrete wharf shown as a part of “Area
1” on the map or plat attached to Exhibit “1” hereto, both said exhibit and said plat being
attached hereto and made a part hereof by reference. Said concrete wharf and the water fronting on
same are situated within reasonable and practical proximity to said harbor and/or port. The City
has determined that the granting to Cotton Club of Greenville, Inc. of the rights with respect to
said portion of said wharf and the said water fronting thereon, upon the terms and conditions and
with the safeguards herein stated, is needful for the convenient use of the same in the aid of
commerce, for industrial use, and that said terms, conditions and safeguards are such as will best
promote and protect the public interest. The terms and conditions, and the monetary moorage and
user fees herein stated, have been found by the City to be adequate and have been

 

 

approved
by the City in an order or resolution authorizing the same.

2.

     Wherefore, premises considered, City hereby gives and grants unto Cotton Club, upon the terms
and conditions and for the consideration hereinafter set forth, the following described moorage,
dockage, berthing and other rights.

3.

     Cotton Club is hereby granted and shall have, during the term hereof, the exclusive right to
moor, dock, berth, tie and/or affix a barge, barges and/or other facilities in the operation of a
gaming establishment (including related purposes such as restaurant and beverage services), but
for no other purposes, to the portion of the City lake front
described in Section A of Exhibit “1”
which is attached hereto and incorporated herein by reference, to include the right to affix
cables, walkways, hoses and other facilities thereto, and to exercise all of the other rights
described in said Section A of Exhibit “1”.

4.

     The
term of this Agreement shall commence on the 1st day of April 1993, and end at midnight
on the 31st day of August, 1995. At the expiration of the original term, Cotton Club shall have
the option of three (3) additional five (5) year option terms, to be renewed automatically, unless
written notice of termination is given to City by Cotton Club sixty (60) days prior to the
expiration date of the then existing term. If Cotton Club shall

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permanently cease to operate a gaming establishment and removes its casino vessel from the
Greenville water front, then, subject to the provisions of paragraph 8, this Agreement may be
terminated by City upon giving 30 days written notice to Cotton Club. Upon the termination of this
Agreement, at City’s election, any mooring dolphins installed by Cotton Club may either be and
become the sole property of City or Cotton Club may be required by City to remove same at Cotton
Club’s sole cost and expense.

5.

     As moorage and user fees for the rights herein granted, Cotton Club hereby agrees to pay City
the sum of $900.00 per month payable in advance on the 1st day of April and on the 1st day of each
month thereafter during the original term of this Agreement. Such fees for each option term
hereunder shall be subject to a cost of living increase to be based on the Consumer Price Index
using April, 1993 as the base period.

6.

     As part of the consideration for this Agreement, Cotton Club may and shall construct and
install utility lines and facilities, and water and sewer lines, to City’s specifications, on and
across the City’s property described in Section B of
Exhibit “1”, and across the levee, and to
connect Cotton Club’s gaming establishment to City’s water and sewer system. Upon completion of
said water and sewer improvements and the approval thereof by City, the said water and sewer lines
shall be conveyed by Cotton Club to City at no cost, and City agrees to thereafter maintain the
same as part of

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its water
and sewer system.

7.

     Cotton Club, as a material part of the consideration herein, hereby waives all claims
against City for damages to goods, equipment or merchandise or other items of personal property,
and for injuries to persons, including death, arising out of Cotton Club’s exercise of its rights
herein granted. Cotton Club hereby agrees to hold City exempt and harmless from any loss, damage,
expense or injury, including death, to any person, or to the goods, equipment, merchandise or
property of any person or persons arising from the exercise of the rights herein granted by City.
Cotton Club further agrees that it will at all times during the term of this Agreement or any
option term hereunder, at its own expense, carry and maintain public liability insurance in the
limits of not less than $1,000,000.00 with City named as an additional assured therein, to protect
the City from any and all claims for personal injury, including death, and property damage which
may arise from Cotton Club’s exercise of its rights under this Agreement. Certificates of such
insurance shall be filed with City and shall be subject to City’s approval.

8.

     Cotton
Club shall not assign its rights under this Agreement, or any portion thereof, or grant
moorage, dockage, berthing or other rights to any third party, without first obtaining the written
consent of City, which consent will not be unreasonably withheld. Cotton Club hereby agrees and
obligates itself in the

4

 

exercise of its rights hereunder to conform to and abide by any
rules, regulations, restrictions or ordinances that are now or may
hereafter be imposed or promulgated by City, the Greenville Port
Commission, and/or the Board of Mississippi Levee Commissioners.
Cotton Club further agrees that no illegal activity will be
conducted or permitted in connection with its exercise of its
rights hereunder. It is further understood and agreed that this
Agreement is made subject to any rights of way or easements of the
Board of Mississippi Levee Commissioners.

9.

     Any notice(s) hereunder shall be in writing, and if to Cotton
Club, shall be addressed as follows:

Cotton Club of Greenville, Inc.

333 Washington Avenue

Greenville, MS 38701

and if to the City of Greenville, shall be addressed as follows:

Mayor

City of Greenville

Post Office Box 897

Greenville, MS 38702-0897

10.

     It is expressly understood and agreed by the parties hereto
that the City gives and grants unto Cotton Club only such interest
as it has the authority to grant, if any, and City makes no
representation, guaranty or warranty whatsoever to Cotton Club as
to City’s authority with respect to the rights herein granted.

11.

     Cotton Club agrees and acknowledges that, as long as Cotton
Club possesses any rights hereunder to any portion of City owned

5

 

property, it will not discriminate by segregation or, otherwise, against any person or persons
because of race, color, religion, sex, or national origin; also, Cotton Club shall not refuse to
allow the public the use of the facilities herein or restrict the use of the said property herein
including any and all services, privileges, accommodations, membership, and/or activities to be
conducted on the said premises to any person because of race, color, religion, sex, or national
origin.

EXECUTED,
this the
1st day
of April, 1993.

	 	 	 	 	 
	 	 	COTTON CLUB OF GREENVILLE, INC.
	 
	 	 	 	 
	 

	 	By:	 	/s/ Matthew B. Walker
	 

	 	 	 	 
	 

	 	 	 	Matthew B. Walker, President
	 
	 	 	 	 
	 	 	CITY OF GREENVILLE, MISSISSIPPI
	 
	 	 	 	 
	 

	 	By:	 	/s/ C. C. “Frank”
	 

	 	 	 	 
	 

	 	 	 	C. C. “Frank” Self, Mayor

STATE OF
MISSISSIPPI

COUNTY OF WASHINGTON

     PERSONALLY APPEARED BEFORE ME, the undersigned authority in and for the county and state
aforesaid, the within named Matthew B. Walker, President of COTTON CLUB OF GREENVILLE, INC., a
Mississippi corporation, who acknowledged that for and on behalf of said corporation as its act
and deed he signed and delivered the above and foregoing Agreement on the day and year therein
mentioned for the purposes therein stated, after first being authorized so to do.

     GIVEN UNDER MY HAND AND OFFICIAL SEAL, this the 31st day of March, 1993.

	 	 	 
	 

	 	/s/ [ILLEGIBLE]
	 

	 	 
	 

	 	Notary Public
	My Commission Expires:
       4/1/96
	 	 

6

 

STATE OF MISSISSIPPI

COUNTY OF WASHINGTON

     PERSONALLY APPEARED BEFORE ME, the undersigned authority in and for the county and state
aforesaid, the within named C. C. “Frank” Self, who affirmed that he is the Mayor of the City
of Greenville, Mississippi, and that in his capacity as same, he executed the above and
foregoing Agreement for the purposes therein mentioned, he being duly authorized so to do.

     GIVEN UNDER MY HAND AND OFFICIAL SEAL, this the 1st day of April, 1993.

	 	 	 
	 

	 	/s/ [ILLEGIBLE]
	 

	 	 
	 

	 	Notary Public
	 
	 	 
	My Commission Expires:
	 	 
	My
Commission Expires February 5, 1996
	 	 

7

 

SECTION A

Moorage, dockage and berthing rights upon a strip 85 feet in width on Lake Ferguson fronting
on the Greenville City wharf, the north line of said strip being contiguous with the south line of
the present lease granted by the City of Greenville to the Greenville Yacht Club; the east line
being the water’s edge of Lake Ferguson as it rises and falls; the south line being 85 feet south
of and parallel to the aforementioned Greenville Yacht Club south lease line; and said strip shall
extend in a westerly direction into Lake Ferguson for an adequate distance from the water’s edge of
Lake Ferguson, as it rises and falls, to properly moor, dock and/or berth the Cotton Club’s gaming
casino ship, support vessels and facilities; all as is shown as “Area 1” on the map or plat
attached hereto and made a part hereof by reference as if fully set out herein.

AND ALSO:

The grant by the City of Greenville to Cotton Club of the right and permission to construct,
attach and maintain one or more suitable ingress and egress bridges, or ramps, and utility lines
and facilities, between Cotton Club’s floating facilities and the Greenville City wharf, as is
indicated generally on said map or plat, and labeled “Bridge”, although it is understood and
agreed that the location, size and configuration of any such bridge or bridges and/or utility
lines and facilities as actually to be constructed are not intended to be shown by said map or
plat and are indicated thereon for purposes of illustration only.

AND ALSO:

The grant by the City of Greenville to Cotton Club of the right to construct, install and
maintain mooring dolphins as is generally shown on said map or plat, although it is understood
and agreed that the location, size and configuration of any such dolphins as actually constructed
are not intended to be shown by said map or plat and the dolphins indicated thereon are for
purposes of illustration only.

SECTION
B

A tract of land 210 feet wide, the south line of which shall be the north edge of the paved
City wharf, the east line of which is the west edge of the access concrete sidewalk into Schelben
Park, the north line of which is 210 feet north of and parallel to the north edge of the concrete
City wharf, and the west line of which is the water’s edge of lake Ferguson, as it rises and
falls, said tract of land being shown as “Area 2” on the map or plat attached hereto and made a
part hereof by reference as if fully set out herein.

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