February 24, 2000
Xx. Xxxxxxx Xxxx, Xx.
President
Penn National Gaming, Inc.
000 Xxxxxxxxx Xxxx.
Wyomissing, PA 19610
Dear Xxxx,
I refer to the contract dated May 7, 1997 between and among PNGI
Xxxxxxx Town Gaming, LLC and the Xxxxxxx Town HBPA, Inc. The term of this
contract is in full force until December 31, 2000 (initial term). There are two
one-year rollover terms called first and second extension terms. Notice to
terminate, must be given, by either party, prior to September 30, 2000 or
September 30, 2001, whichever is applicable.
The Xxxxxxx Town HBPA, Inc. hereby waives it's right to terminate this
contract either the first or second extension term. This waiver is irrevocable
and thus to insure understanding the Xxxxxxx Town HBPA, Inc. agrees to abide by
the provisions of aforesaid contract until the end of the second extension
period.
Sincerely,
/s/Xxxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxx
President
Xxxxxxx Town HBPA, Inc.
RCW/pe
cc: Xxx Xxxxxxxx
Xxxxxxx X. Xxxxx
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