Supplementary Agreement to PROFIT INTEREST AGREEMENT
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PROFIT INTEREST AGREEMENT
This Supplementary Agreement (the “S.A.”) is supplemental to THE PROFIT INTEREST AGREEMENT (the “Agreement”) entered into as of February 2, 2010 by and between Kasino Fortune Investments Limited at X.X. Xxx 000, Xxxxxxxx Xxxxxxxxxxxxxx Xxxxxx, Xxxx Xxxx, Xxxxxxx, XX0 (the “Buyer”); and Xxxx Xxxx Gaming Promotion Company Limited at Alameda Xx. Xxxxxx x’ Xxxxxxxxx, Nos 181-187, Edificio Centro Comercial do Grupo Brilhantismo, 12 andar, “T”, Macau (the “Seller”).
WHEREAS:
The Seller shall begin to operate an additional Iao Kun VIP Club located at Galaxy Macau Resort in Cotai, Macau (“Galaxy Iao Kun”) from May 15, 2011.
Based upon and following all the terms and conditions of the Agreement, the parties hereby further agree as follows:
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1.
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The Interest as defined in the Agreement shall include the Net Operating Profit generated by the Seller at Galaxy Iao Kun as from May 15, 2011 and thereafter.
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2.
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This S.A. shall be terminated on a date mutually agreed by the parties.
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Dated: May 12, 2011
| BUYER: |
SELLER:
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| Kasino Fortune Investments Limited | Xxxx Xxxx Gaming Promotion Company Limited | |
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KASINO FORTUNE INVESTMENTS LIMITED
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SOCIADADE PROMOÇÃO DE JOGOS XXXX XXXX LIMITADA | |
| /s/ Xxx Man Pou | /s/ Xxx Man Pou | |
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Lam Man Pou Authorised Signature(s)
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Xxx Man Pou Authorised Signature(s) |
