CHARTER PARTY FIRST AMENDMENT
EXHIBIT
10.16(a)
CHARTER PARTY
FIRST AMENDMENT
FIRST AMENDMENT
On
January 20, 0000, Xxxxxxxxxxxxxx Xxxxxxxxx Entertainment, Inc. a Missouri corporation, 000
Xxxxxxxxx Xxxxx, Xx. Xxxxxxxx, XX 00000 (“Owner”) and Greenville Riverboat, LLC, a Mississippi
limited liability company, 000 Xxxxxxxxx Xxxxx, Xx. Xxxxxxxx, XX 00000 (“Charterer”) entered into a
Charter Party Agreement. The parties wish to amend this agreement effective January 19, 2004, as
follows:
1. | Section two of the original agreement provided that the agreement would terminate on January 19, 2004. The parties desire to extend the term of the agreement for an additional five years, until January 19, 2009. | ||
2. | Section two of the original agreement provided that the monthly rent would be “an amount necessary to amortize a $5 million loan in equal monthly installments over a period of seven years with interest at the prime rate in effect on January 20, 1997.” The parties desire to amend the agreement to provide for monthly rent of $78,555.30 plus applicable sales and use taxes. |
All other terms and provisions of the original agreement are to remain in force.
In witness whereof, each party has caused the agreement to be executed this 24 day of September,
2003.
Owner: Caruthersville Riverboat Entertainment, Inc. |
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by | /s/ Xxxxxxx X. Xxxx | |||
Xxxxxxx X. Xxxx, President | ||||
Charterer: Greenville Riverboat, LLC |
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by: | Wimar Tahoe Corporation | |||
Managing Member | ||||
by | /s/ Xxxxxxx X. Xxxx | |||
Xxxxxxx X. Xxxx, President |