AMENDED LEASE SCHEDULE NO. 1
TO MASTER LEASE AGREEMENT
This Amended Lease Schedule No. 1 ("Amended Lease Schedule") is made
this ______ day of March, 1997 and is a part of the Master Lease Agreement
("Lease") between IGT NORTH AMERICA, INC., a Nevada corporation ("Lessor") and
FOUR QUEENS, INC., a Nevada corporation ("Lessee") dated November 28, 1994, and
PDS FINANCIAL CORPORATION-NEVADA, a Nevada corporation, as assignee of Lessor's
interest under the Lease, and shall replace that certain Lease Schedule No. 1
attached to the Lease and dated November 28, 1994 (the "Lease Schedule").
1. Description of Equipment: The Equipment listed on Attachment "A" to
this Amended Lease Schedule shall constitute the Equipment leased under the
Lease and made subject to the provisions of the Lease.
2. This Amended Lease Schedule shall be effective as of the date first
written above.
3. Term: The original Term shall be remain as set forth in the Lease
Schedule (the "Original Term"). At the end of the Original Term, if there is
then no uncured event of default under the Lease or this Amended Lease Schedule,
upon 120 days advance written notice to Lessor, at Lessee's option the Original
Term shall be extended to November 1, 1998.
4. The Basic Rent due each month during the Original Term for the
Equipment described herein is as follows:
a. Payments under this Amended Lease Schedule in the
amount of $43,758.17 shall be due and payable on
March 1, 1997 and on the first day of each month
thereafter through and including November 1, 1997.
b. Lessee has elected to purchase the Equipment pursuant
to that certain Amendment No. 1 to Master Lease
Agreement dated of even date herewith and Lessee may
pay the purchase price in a single payment of
$297,000.00 due and payable on December 1, 1997, or
at Lessee's option and upon 30 days advance written
notice, in 12 equal monthly installments commencing
on December 31, 1997 and on the last day of each
month thereafter through and including November 30,
1998 each in the amount of $26,457.61.
c. In addition to the monthly Basic Rent due as set
forth above, Lessee shall pay PDS an amount equal to
all taxes which may be imposed by any Federal, State
or local authority from time to time.
5. All of the provisions of the above-mentioned Lease, as amended from
time to time, are incorporated by reference herein as if set forth fully herein.
Date: March, ____ 1997.
LESSOR: PDS FINANCIAL CORPORATION-NEVADA,
a Nevada corporation
By:__________________________________
Its:_________________________________
LESSEE: FOUR QUEENS, INC.,
a Nevada corporation
By:__________________________________
Its:_________________________________
The undersigned hereby acknowledges and agrees to the terms of this
Amended Lease Schedule No. 1 and hereby reaffirms the Guaranty of Lease dated
November 28, 1994 from the undersigned to Lessor, which Guaranty of Lease shall
continue in full force and effect.
GUARANTOR: ELSINORE CORPORATION,
a Nevada corporation
By:__________________________________
Its:_________________________________
SUPPLEMENTAL
ATTACHMENT "A"
FOUR QUEENS
B-1565
This Supplemental Attachment "A" is attached to and made a part of the Master
Lease Agreement and Lease Schedule No. 1 to Master Lease Agreement, each dated
November 28, 1994 between IGT-North America, a Nevada corporation ("Lessor") and
Four Queens, Inc., a Nevada corporation ("Lessee").
Vendor/ Model/
Quantity Denom Model/Description Manufacturer Item No. Serial No. Invoice/PO No.
Slot Signage
1 Display Sign-Double Face "25c Poker" w/Exposed Neon Mikohn C4-08-265 11539
1 Display Sign-Double Face "5c Win" Queens Logo and Mikohn C4-08266 11590
$5 Xxxxxx Xxxxx
0 0x0 Xxxx0 Xxxxx Mikohn C5-06-318 S12-576 5614740-IN
1 CON2I Controller Mikohn CON21-425 5614740-IN
1 R/F S/F Fxt. "25c Progressive" Mikohn 616634 5614740-IN
1 Processing Permit Applications Mikohn 5614740-IN
1 Permit Fee Mikohn 5614740-IN
1 D/F "$1" Triple Diamond Fxt. Mikohn C5-06-210 616536 5614669-IN
1 1x2 Xxxx0 Xxxxx Xxxxx Xxxxxx X00-000 5614669-IN
1 1x2 Xxxx0 Xxxxx Xxxxx Xxxxxx X00-000 5614669-IN
1 CON21 Controller Mikohn CON21-438 5614669-IN
1 IGT Harness CON2 6 Machine Mikohn 5614669-IN
1 Processing Permit Application Mikohn 5614669-IN
1 Permit Fee Mikohn 5614669-IN
EDT Hardware
40 Harness, Machine, IGT+Upright IGT 60719200 LV66140-00
4 Harness, PIM510, Reader Display IGT 6071391 LV69712-00
4 Harness, PIM510, Snub IGT 6071401 LV69712-00
120 Harness, Machine, IGT+ Upright IGT 60719200 LV71092-00
11 Harness, PIM510, Reader Display IGT 6071391 LV71093-00
5 Harness, PIM510, Snub IGT 6071401 LV71093-00
00 Xxxxxxx-Xxx Xxx, Xxxx Xxxxx, Xxxxx IGT 62682600 LV71093-00
5 PCB, Display, PT200, Assembly IGT 7690341 LV72084-00
5 Harness, PIM510, Snub IGT 6071401 LV72084-01
3 Harness, PIM510, Reader Display IGT 6071391 LV71093-01
15 Harness, PIM510, Snub IGT 6071401 LV71093-01
12 Pix, VIA70XFI-5Mag HPR $1-$20 Gen IGT 87186700 LV71093-01
3 Pix, VIA70FXI-5Mag HPR $1-$20 Gen IGT 87186700 LV71093-02
265 Cam-DBV-SS Cashbox Lock IGT 80307690 LV68579-00
250 Collar-Lock, Long Barrel IGT 64401090 LV68579-00
1 GL T5133x132ATHLF 24H48HINS Tpr IGT 86049500 LV68579-00
176 CAM-90DEGx1,0L, Belly Door, S+ IBA IGT 80307300 LV68579-01
250 CAM-1.125 Flat, 2 Double D IGT 80308100 LV68579-01
235 CAM-DBV-SS Cashbox Lock IGT 80307690 LV68579-01
74 CAM-90DEGx1.0L, Belly Door, S+ IBA IGT 80307300 LV68579-02
250 CAM-1.125 Flat, 2 Double D IGT 80308100 LV68579-02
235 CAM-DBV-SS Cashbox Lock IGT 80307690 LV68579-02
5 Harness, PTM510, Reader Display IGT 6071391 LV72084-03
5 Harness, PTM510, Reader Display IGT 6071391 LV72084-02
45 Harness, Machine, IGT+Upright IGT 60719200 LV75262-00
19 Xxxxxxx, XX00 Electronics IGT 6362160 LV74671-00
120 Spacer, .25 Hex. 4-40 x . 19 Lg. IGT 67446390 LV74671-00
15 PCB, Display, PT200, Assembly IGT 7690341 LV46710-00
5 Ins, HPR30,36,3770x2H/1K/12H IGT 87117600 LV74671-00
1 Xxxxxxx, XX00 Electronics IGT 6362160 LV74671-01
80 Standoff, M/F, 4-40x2.00 IGT 31206790 LV74671-01
50 Bracket Xxxxxxxx, XX00 Elect. IGT 6362161 LV80124-00
50 PCB, Mach, Personality #65D Assembly IGT 75423700 LV80124-00
50 Card Reader, Mag, 70% Track II IGT 37905190 LV80124-00
50 Power Supply, Module CD 4017 IGT 40005490 LV80124-00
50 Xxxx, Mag Reader & Display, PTM441, Assembly IGT 60718000 LV80124-00
50 PCB, 16 Character Display, 7.6" Assembly IGT 7690671 LV80124-00
Locks
20 Cam-Cash Door Lock, PE+ IBA IGT 80307200 LV73480-00
20 Cam Lock, B/A Door, PE+IBA IGT 80307400 LV73480-00
20 Bearing Ball, .251D x .6880D IGT 39001090 LV73480-00
20 Washer, BRZ, .251D x .50 OD x .031 IGT 43904090 LV73480-00
20 Nut, Lock ESNA1/4-20 IGT 42101191 LV73480-00
250 Straight Regular Cam 1.7" Security Locking Systems CM-AO9 P.O. 60361
90 Drop Lock One Way 90 Security Locking Systems N1058 10285
90 Drop Lock One Way 180 Security Locking Systems N1058 10285
80 Duo 1-1/8, 180, LH VSR 2A1287 6958
80 Duo 1-1/8, 170, LH VSR 2A1287 13023
SUPPLEMENTAL
ATTACHMENT "A"
FOUR QUEENS
B-1565
This Supplemental Attachment "A" is attached to and made a xxx of the Master
Lease Agreement and Lease Schedule No. 1 to Master Lease Agreement, each dated
November 28, 1994 between IGT-North America, a Nevada corporation ("Lessor") and
Four Queens, Inc., a Nevada corporation ("Lessee").
Vendor/ Model/
Quantity Denom Model/Description Manufacturer Item No.Serial No. Invoice/X.X.Xx.
Slots
1 $1.00 PE+Upright WBA IGT 1D150F S.O. 116859
1 $1.00 PE+Upright WBA IGT 1D650F S.O. 116859
1 $1.00 PE+Upright WBA IGT ID650F S.O. 116859
1 $1.00 PE+Upright WBA IGT 1D700F S.O. 116859
1 $1.00 PE+Upright WBA IGT 1D930F S.O. 116859
1 $5.00 PE+Upright WBA IGT 1D650F S.O. 116859
1 $5.00 PE+Upright WBA IGT 1D650F S.O. 116859
1 $5.00 PE+Upright WBA IGT 1D700F S.O. 116859
SUPPLEMENTAL CERTIFICATE OF DELIVERY,
INSTALLATION AND ACCEPTANCE
TO: IGT - NORTH AMERICA, a Nevada corporation ("Lessor")
PDS FINANCIAL CORPORATION, a Minnesota corporation ("Assignee")
FROM: Four Queens, Inc., a Nevada corporation ("Lessee")
RE: Master Lease Agreement dated as of November 28, 1994 ("Lease")
Lease Schedule No. 1, dated as of November 28, 1994 ("Lease Schedule")
Supplemental Attachment" A" to Lease Schedule No. 1 dated October 19, 1996
PREMISES: Four Queens Casino
000 Xxxxxxx Xxxxxx
Xxx Xxxxx, XX 00000
Equipment
Lessee hereby certifies that the items of Equipment described in the
above Lease Schedule and in Supplemental Attachment A to Lease Schedule No.1
dated October 19, 1996, have been delivered to and inspected by the Lessee,
installed in the Premises, found to be in good order and accepted for all
purposes under the Lease Schedule and the Lease as Equipment under the Lease
Schedule and the Lease, all on the Acceptance Date set forth hereinbelow.
The Lessee hereby represents and warrants to the Lessor and the
Assignee that on the Acceptance Date set forth below a) no Event of Default by
Lessee under the Lease Schedule or the Lease or event which, with the giving of
notice or lapse of time or both, would become such Event of Default by Lessee,
has occurred and is continuing and b) Lessor has fully performed all covenants
and conditions to be performed by it under the Lease Schedule and the Lease.
Lessee approves payment to the supplier or suppliers of the Equipment
by Lessor or Assignee.
LESSEE ACKNOWLEDGES THAT EACH UNIT IS OF THE DESIGN, CAPACITY AND
MANUFACTURE SPECIFIED FOR AND BY THE LESSEE AND THAT LESSEE IS SATISFIED THAT
THE SAME IS SUITABLE FOR LESSEE'S PURPOSES. LESSEE FURTHER ACKNOWLEDGES AND
AGREES THAT ASSIGNEE IS NOT A MANUFACTURER OR VENDOR OF THE EQUIPMENT AND THAT
ASSIGNEE HAS NOT MADE, AND DOES NOT MAKE, ANY REPRESENTATION, WARRANTY OR
COVENANT WITH RESPECT TO MERCHANTABILITY, FITNESS FOR ANY PURPOSE, CONDITION,
QUALITY, DELIVERY, INSTALLATION, DURABILITY, PATENT, COPYRIGHT OR TRADEMARK
INFRINGEMENT, SUITABILITY OR CAPABILITY OF ANY UNIT IN ANY RESPECT OR IN
CONNECTION WITH ANY OTHER PURPOSES OR USES OF LESSEE OR ANY OTHER
REPRESENTATION, WARRANTY OR COVENANT OF ANY KIND OR CHARACTER EXPRESSED OR
IMPLIED, WITH RESPECT THERETO. LESSEE ACCORDINGLY AGREES NOT TO ASSERT ANY CLAIM
WHATSOEVER AGAINST ASSIGNEE OR ITS ASSIGNS BASED THEREON. LESSEE FURTHER AGREES,
REGARDLESS OF CAUSE, NOT TO ASSERT ANY CLAIM RELATED TO THE EQUIPMENT WHATSOEVER
AGAINST ASSIGNEE OR ITS ASSIGNS FOR LOSS OF ANTICIPATORY PROFITS OR
CONSEQUENTIAL DAMAGES. ASSIGNEE SHALL HAVE NO OBLIGATION TO INSTALL, ERECT,
TEST, ADJUST OR SERVICE THE EQUIPMENT. LESSEE SHALL LOOK TO THE MANUFACTURER OR
VENDOR FOR ANY CLAIMS RELATED TO THE EQUIPMENT.
The Equipment is accepted by the Lessee and has been delivered,
inspected and installed as of October 19, 1996 ("Acceptance Date").
Entire Agreement: LESSEE REPRESENTS THAT IT HAS READ, RECEIVED, RETAINED A COPY
OF AND UNDERSTANDS THIS SUPPLEMENTAL CERTIFICATE OF DELIVERY, INSTALLATION AND
ACCEPTANCE, AND AGREES TO BE BOUND BY ITS TERMS AND CONDITIONS. ASSIGNEE AND
LESSEE AGREE THAT THE LEASE AND ALL RIDERS AND SCHEDULES THERETO, AS ASSUMED BY
LESSEE IN ITS PENDING CHAPTER 11 PROCEEDINGS, SHALL CONSTITUTE THE ENTIRE LEASE
AND AGREEMENT AND SUPERSEDE ALL PROPOSALS, ORAL OR WRITTEN, ALL PRIOR
NEGOTIATIONS AND ALL OTHER COMMUNICATIONS BETWEEN ASSIGNEE AND LESSEE WITH
RESPECT TO ANY UNIT. THIS LEASE SCHEDULE IS NOT CANCELABLE BY LESSEE FOR THE
TERM HEREOF.
IN WITNESS WHEREOF, the Lessee has caused this Supplemental Certificate
of Delivery, Installation and Acceptance to be duly executed on this 19th day of
October, 1996 by its authorized representative.
LESSEE: Four Queens, Inc.,
a Nevada corporation
By:_______________________________________
Its:______________________________________
XXXX OF SALE
THIS XXXX OF SALE is executed and delivered this 22nd day of January, 1997 by
Four Queens, Inc. ("Seller") to IGT-North America, Inc. ("IGT") and PDS
Financial Corporation ("PDS") (PDS and IGT are hereinafter collectively
"Purchaser").
In consideration of for One Dollar ($1.00) and for other good and
valuable consideration, including but not limited to the Purchaser's willingness
to lease the Assets to Seller under the Master Lease Agreement dated November
28, 1994 (the "Lease"), the receipt and adequacy of which are hereby
acknowledged, Seller does hereby bargain, sell, convey and grant unto Purchaser,
its successors and assigns, all of the assets and personal property of Seller
identified on Schedule A attached hereto and incorporated herein (the "Assets").
TO HAVE AND TO HOLD the same unto Purchaser and its successors and
assigns, subject only to the Lease.
Seller hereby represents and warrants that it is the lawful owner of
the Assets, including, without limitation, all of the assets described on
Schedule A, has good title and right to sell and transfer the same, and that all
such Assets and property are transferred to Purchaser free and clear of all
liens, security interests and encumbrances whatsoever.
Seller hereby covenants and agrees with Purchaser that Seller will
execute and deliver to Purchaser all such further instruments of conveyance,
assignment and transfer as Purchaser may request from time to time to effectuate
the transfer of the Assets to Purchaser, free and clear of any and all liens,
claims and encumbrances.
IN WITNESS WHEREOF, Seller has executed and delivered this Xxxx of Sale
as of the date first above written.
Four Queens, Inc.,
a Nevada corporation
By:________________________________
Its:_______________________________
STATE OF NEVADA )
) SS.
COUNTY OF XXXXX )
The foregoing instrument was acknowledged before me this 22nd day of
January, 1997, by __________________________, the _______________________ of
Four Queens, Inc., a Nevada corporation, on behalf of the corporation.
----------------------------------
Notary Public
PDS Lease Sch A 970122
Four Queens Hotel & Casino
Invoice Submission to PDS
Schedule A
22-Jan-97
Vendor Invoice No. Invoice Date Description
-------------------------------------------------------------------------
Casino Signs - Mikohn 11539 11/10/94 Slot signage
Casino Signs - Mikohn 11590 11/16/94 Slot signage
Casino Signs - Mikohn 5614740-IN 8/7/95 Slot signage
Casino Signs - Mikohn 5614669-IN 8/3/95 Slot signage
IGT LV66140-00 10/25/94 EDT hardware
IGT LV69712-00 2/2/95 EDT hardware
IGT LV71092-00 2/27/95 EDT hardware
IGT LV71093-00 2/27/95 EDT hardware
IGT LV73480-00 5/10/95 Locks
IGT LV72084-00 3/21/95 EDT hardware
IGT LV72804-01 3/28/95 EDT hardware
IGT LV71093-01 3/3/95 EDT hardware
IGT LV71093-02 3/10/95 EDT hardware
IGT LV68579-00 12/29/94 EDT hardware
IGT LV68579-01 1/5/95 EDT hardware
IGT LV68597-02 1/5/95 EDT hardware
IGT LV72084-02 6/2/95 EDT hardware
IGT LV72084-03 5/17/95 EDT hardware
IGT LV75262-00 6/7/95 EDT hardware
IGT LV74671-00 5/24/95 EDT hardware
IGT LV74671-01 5/26/95 EDT hardware
IGT LV80124-00 10/12/95 EDT hardware
Security Locking System PO 60361 1/24/95 Locks
Security Locking System 10285 6/20/95 Locks
VSR 6958 6/5/95 Locks
VSR 13023 9/25/95 Locks
Total Invoices enclosed
1/22/97
EXHIBIT A TO UCC-2 FINANCING STATEMENT
LESSEE: Four Queens, Inc.
000 Xxxxxxx Xxxxxx
Xxx Xxxxx, XX 00000
LESSOR: IGT-North America
000 Xxxxx Xxxx Xxxx.
Xxxx, XX 00000
ASSIGNEE: PDS Financial Corporation
0000 Xxxx Xxxx Xxxxxxx, Xxxxx 000
Xxxxxxxxxxx, Xx 00000
This is a precautionary filing pursuant to NRS 104.9408. This Amendment
is filed to add additional Equipment to the Equipment leased under the Master
Lease Agreement dated November 28, 0000 xxxxxxx XXX-Xxxxx Xxxxxxx and Four
Queens, Inc. and Lease Schedule No. 1 and substitute schedules thereto
(collectively, the "Lease"). The Equipment described in Supplemental Attachment
A hereto is added to the Equipment leased under the Lease, together with all
improvements, accessions, appurtenances, substitutions and replacements for and
to the foregoing, all insurance proceeds and condemnation awards payable with
respect to the foregoing, and all proceeds and products of the foregoing:
