Exhibit 10.9
AMENDMENT
THIS AMENDMENT is made on the 9th day of September 1997 by and between CONSERVER
CORPORATION OF AMERICA, a corporation organized and existing under the laws of
Delaware having a business address at 0000 XxXxxxx Xxxx, Xxxxx Xxxxxx, Xxxxxxx
00000 ("CCA"), SAKHALIN GENERAL TRADING AND INVESTMENTS LIMITED, a company
organized with limited liability under the laws of Cyprus whose legal office is
at Doma Building, 227 Archbishop Markarios III Street, Limassol, Cyprus
("SGTI"), and SOVEREIGN GAMING AND LEISURE LIMITED, a company organized with
limited liability under the laws of Cyprus whose legal office is at Doma
Building, 227 Archbishop Markarios III Street, Limassol, Cyprus ("Sovereign,"
SGTI and Sovereign being sometimes collectively referred to herein as
"Grantors").
WHEREAS, CCA and Grantors entered into an Agreement dated 12th August 1997 ("the
Agreement") with respect to the transfer of equity and other interests in and to
Sakhalin City Centre Limited, a closed joint stock company incorporated under
the laws of the Russian Federation, and the rights to construct and operate a
hotel and casino in the City of Yuzhno-Sakhalinsk from Grantors to CCA; and
WHEREAS, CCA and Grantors now wish to amend certain terms of the Agreement in
writing;
NOW, THEREFORE, in consideration of the mutual understandings and agreements
contained herein, the parties hereto hereby agree to amend the Agreement as
follows:
1. AMENDMENTS
CCA and the Grantors hereby agree that the date set in clause (ii) of
paragraph 1(b) of the Agreement for the payment of One Million U.S. Dollars
($1,000,000) by CCA is changed from 10th September 1997 to 15th October 1997,
and the date set in said clause for the payment of One Million Five Hundred
Thousand U.S. Dollars by CCA is changed from 15th October 1997 to 31st
October 1997.
2. AFFIRMATION AND INCORPORATION
The parties hereto hereby ratify and affirm the Agreement in all other
respects and hereby incorporate the provisions of this Amendment into the
Agreement and incorporate herein by reference the provisions of paragraph 5
of the Agreement.
IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Amendment by their duly authorized representatives as of the date and year first
above written.
CONSERVER CORPORATION OF AMERICA
BY: /s/
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SAKHALIN GENERAL TRADING AND INVESTMENTS LIMITED
BY: /s/
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SOVEREIGN GAMING AND LEISURE LIMITED
BY: /s/
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