EXHIBIT 10.17
"RCT" means the material omitted has been filed with the
Securities & Exchange Commission with an application requesting
confidential treatment.
April 9, 1997
Xx. Xxxxxx Xxxxxx
Senior Vice President
Assistant Chief Legal Counsel
Rite Aid Corporation
P. O. Xxx 0000
Xxxxxxxxxx, XX 00000
Dear Xx. Xxxxxx:
Reference is made to the License Agreement, dated as of April 14,
1992 (the "License Agreement"), between Payless Drug Stores
Northwest, Inc. now Thrifty Payless, Inc. ("Payless") and Corral
Coin, Inc., a Nevada corporation ("Corral"), a subsidiary of
Jackpot Enterprises, Inc. ("Jackpot"). This is to confirm that
following our discussions with you over the past several months,
Payless and Corral have agreed that the License Agreement is
hereby amended to reflect the term sheet attached hereto as
Exhibit A. If you are in agreement with the foregoing, please
execute a copy of this letter and return it to me.
AGREED AND ACCEPTED:
JACKPOT ENTERPRISES, INC. RITE AID CORPORATION
By: /s/ Xxx X. Xxxxxxxxx By: /s/ Xxxxxx Xxxxxx
________________________ ________________________
Xxx X. Xxxxxxxxx Xxxxxx Xxxxxx Xx. Vice President
CORRAL COIN, INC. THRIFTY PAYLESS, INC.
By: /s/ Xxxxxx Xxxxxxx By: /s/ Xxxxxx Xxxxxx
___________________________ ________________________
Xxxxxx Xxxxxxx Xxxxxx Xxxxxx Xx. Vice President
EXHIBIT A
TERM SHEET BETWEEN JACKPOT ENTERPRISES, INC. AND RITE AID CORPORATION
Term: RCT Commencing July 1, 1997
Rent:
Existing Stores: See schedule below
New Stores: RCT
RCT
RCT
RCT
Existing Stores
___________________________________
Rent Rent Rent
RCT RCT RCT
Current Total ___________ ___________ ___________
# Stores Rent/Month Monthly Rent Store Total Store Total Store Total
________ __________ ____________ _____ _____ _____ _____ _____ _____
[S] [C] [C] [C] [C] [C] [C] [C] [C]
5 RCT RCT RCT RCT RCT RCT RCT RCT
1 RCT RCT RCT RCT RCT RCT RCT RCT
3 RCT RCT RCT RCT RCT RCT RCT RCT
1 RCT RCT RCT RCT RCT RCT RCT RCT
1 RCT RCT RCT RCT RCT RCT RCT RCT
1 RCT RCT RCT RCT RCT RCT RCT RCT
__
12 RCT RCT RCT RCT
April 24, 1997
Xx. Xxxxxx Xxxxxx
Senior Vice President
Assistant Chief Legal Counsel
Rite Aid Corporation
P. O. Xxx 0000
Xxxxxxxxxx, XX 00000
Dear Xx. Xxxxxx:
Reference is made to the License Agreement, dated as of June 19, 1990 (the
"License Agreement"), between Payless Drug Stores, Inc. now Thrifty
Payless, Inc. ("Payless") and Cardivan Company, a Nevada corporation
("Cardivan"), a subsidiary of Jackpot Enterprises, Inc. ("Jackpot"), and
the Letter Agreement dated as of April 9, 1997 (the "Letter Agreement")
between Payless and Corral Coin, Inc., a Nevada corporation and Jackpot.
This is to confirm that following our discussions with you over the past
several months, Payless and Cardivan have agreed that the License Agreement
is hereby amended to reflect the term sheet attached hereto as Exhibit A,
and that Rite Aid store #6121 (1327 Highway 395 South, Gardnerville,
Nevada) is deleted from and not covered by the Letter Agreement. If you
are in agreement with the foregoing, please execute a copy of this letter
and return it to me.
AGREED AND ACCEPTED:
JACKPOT ENTERPRISES, INC. RITE AID CORPORATION
By: /s/ Xxx X. Xxxxxxxxx By: /s/ Xxxxxx Xxxxxx
________________________ ________________________
Xxx X. Xxxxxxxxx Xxxxxx Xxxxxx Xx. Vice President
CARDIVAN COMPANY THRIFTY PAYLESS, INC.
By: /s/ Xxxxxx Xxxxxxx By: /s/ Xxxxxx Xxxxxx
___________________________ ________________________
Xxxxxx Xxxxxxx Xxxxxx Xxxxxx Xx. Vice President
EXHIBIT A
TERM SHEET BETWEEN JACKPOT ENTERPRISES, INC. AND RITE AID CORPORATION
Company: Cardivan Company
Term: RCT commencing July 1, 1997
Store No.
________________ Current Rent Rent Rent
Rite Aid Payless Address Rent/Month RCT RCT RCT
________ _______ _________________________ __________ ____ ____ ____
6121 (None) 0000 X. Xxxxxxx 000, XXX XXX XXX XXX
Xxxxxxxxxxxx
