SEC Contract Filing

Filing Date: 2016-03-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>risingstarhotelleasefirsta.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<a name="s59A84B80F6635CE9B66BEC6E351CD9DD"></a><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">EXHIBIT 10.1</font></div></div><br><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;text-decoration:underline;">FIRST AMENDMENT TO HOTEL LEASE / PURCHASE AGREEMENT</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">THIS FIRST AMENDMENT TO HOTEL LEASE / PURCHASE AGREEMENT</font><font style="font-family:inherit;font-size:11pt;">&#32;(&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Amendment</font><font style="font-family:inherit;font-size:11pt;">&#8221;) is entered into as of 16th day of March, 2016 (the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Effective Date</font><font style="font-family:inherit;font-size:11pt;">&#8221;) by and between Rising Sun/Ohio County First, Inc., an Indiana non-profit corporation (&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Landlord</font><font style="font-family:inherit;font-size:11pt;">&#8221; or &#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Owner</font><font style="font-family:inherit;font-size:11pt;">&#8221;) and Gaming Entertainment (Indiana) LLC, a Nevada limited liability company (&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Tenant</font><font style="font-family:inherit;font-size:11pt;">&#8221;).</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;text-decoration:underline;">WITNESSETH</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:11pt;">, Landlord and Tenant entered into that certain Hotel Lease / Purchase Agreement, dated as of August 15, 2013 (the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Lease</font><font style="font-family:inherit;font-size:11pt;">&#8221;), concerning the Tenant&#8217;s lease of certain real property located on 776 Rising Star Drive, located in Rising Sun, Indiana, as more particularly depicted in the Lease (the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Premises</font><font style="font-family:inherit;font-size:11pt;">&#8221;); </font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:11pt;">, Tenant desires to make certain capital improvements to the Rising Star Casino Resort (&#8220;Rising Star&#8221;) and Landlord wishes to incentivize Tenant to make such capital improvements and to facilitate the funding that is necessary, the parties have resolved to amend the Lease as set forth below.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">NOW, THEREFORE</font><font style="font-family:inherit;font-size:11pt;">, in consideration of the covenants and agreements herein undertaken to be kept and performed and for other good and valuable consideration, the receipt of which is hereby confirmed, it is agreed as follows:</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:11pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;text-decoration:underline;">Extension of the Initial Term</font><font style="font-family:inherit;font-size:11pt;">. Section 3.1 of the Lease is hereby deleted in its entirety and replaced with the following:</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">3.1 </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;text-decoration:underline;">Initia