FIRST AMENDMENT TO GROUND LEASE
Exhibit
10.32
STATE
OF
MISSISSIPPI
COUNTY
OF
XXXXXXXX
FIRST
JUDICIAL DISTRICT
FIRST
AMENDMENT TO GROUND LEASE
THIS
FIRST AMENDMENT TO GROUND LEASE (this “First
Amendment”)
is
made and entered into effective the 14th
day of
June, 2006 by and between FAMILY
LANDS L.P.,
a
Mississippi limited partnership (the “Landlord”),
with
an address of 0000 Xxxxx Xxxxxx, Xxxxxxxxxxx, XX 00000; and IOC
MISSISSIPPI, INC.,
a
Mississippi corporation (the “Tenant”),
with
an address of 0000 Xxxxx Xxxxx Xxxx #X-0, Xxxxxx, XX 00000.
Background
A. Landlord
and Tenant have entered into that certain Ground Lease dated May 5, 2006
(the “Lease”).
B. Landlord
and Tenant desire to amend the legal description and plat for the Land set
forth
on Exhibit A
to the
Lease.
Terms
NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency
of
which is hereby acknowledged, and for other good and valuable consideration,
and
intending to be legally bound hereby, the parties hereto agree as
follows:
1. |
Land
Description.
Exhibit
A
attached to the Lease is hereby deleted and Exhibit A
attached hereto and incorporated herein and for all purposes hereby
substituted in the place and stead of Exhibit A
attached to the Lease.
|
2. |
Full
Force and Effect.
Except as amended by this First Amendment, the Lease shall remain
in full
force and effect and is hereby ratified and
affirmed.
|
IN
WITNESS WHEREOF, the Landlord and the Tenant have caused this First Amendment
to
be executed effective the day and year first above written.
LANDLORD:
FAMILY
LANDS L.P.
a
Mississippi limited partnership
By: Pine
Hills, Inc.
a
Delaware corporation, its general partner
By: /s/Xxxxxxx
Xxxxxxx, IV______________
XXXXXXX
XXXXXXX, XX
Its: President
1
TENANT:
IOC
MISSISSIPPI, INC.
By: /s/Xxxxxxx
X. Guida_____________________
Xxxxxxx
X. Guida_______________________
Its: Senior
Vice President____________________
GUARANTOR:
ISLE
OF
CAPRI CASINO, INC.
a
Delaware corporation
By: /s/Xxxxxxx
X. Guida_____________________
Xxxxxxx
X. Guida_______________________
Its: Senior
Vice President____________________
2