SECOND ADDENDUM TO ASSET PURCHASE AGREEMENT
THIS SECOND ADDENDUM TO ASSET PURCHASE AGREEMENT
("Addendum") is made and entered into by and among FLORIDA GAMING
CORPORATION, a Delaware corporation ("Buyer"), FREEDOM FINANCIAL
CORPORATION, an Indiana corporation ("Freedom") and INTERSTATE
CAPITAL CORPORATION, a Kentucky corporation ("Seller").
WITNESSETH:
WHEREAS, Buyer, Seller and Freedom entered into an Asset
Purchase Agreement dated September 24, 1997 and an Addendum
thereto dated October 9, 1997 (collectively the "Agreement")
providing for the sale of Xxxx Club Estates and certain adjacent
properties; and
WHEREAS, all of the conditions precedent to the closing of
the Agreement have been or will be be satisfied in the immediate
future; and
WHEREAS, Section 9 of the Agreement provides that the
closing shall occur not later than October 15, 1997; and
WHEREAS, Buyer, Seller and Freedom desire to amend Section 9
of the Agreement to extend the closing date.
NOW, THEREFORE, in consideration of the premises and the
mutual promises of the parties hereto, they hereby covenant and
agree as follows:
1. Section 9 of the Agreement is hereby amended to delete
"October 15, 1997" and to insert in lieu thereof "November 30,
1997".
2. The Agreement shall otherwise remain unchanged and in
full force and effect.
IN WITNESS WHEREOF, Florida Gaming Corporation, Freedom
Financial Corporation and Interstate Capital Corporation have
caused this Second Addendum to be signed by their officers
thereunto duly authorized as of the 31st day of October, 1997.
FLORIDA GAMING FREEDOM FINANCIAL
CORPORATION CORPORATION
By:s/Xxxxxxx X. Xxxxxxx By:s/X. Xxxxxxx Xxxxxxx
Xxxxxxx X. Xxxxxxx X. Xxxxxxx Xxxxxxx
Executive Vice President Chairman and Chief
Executive Officer
INTERSTATE CAPITAL
CORPORATION
By:s/X. Xxxxxxx Xxxxxxx
X. Xxxxxxx Xxxxxxx
Chairman and Chief
Executive Officer
