EXHIBIT 10.18
SIDE AGREEMENT
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This Agreement is entered into by and among Queen of New Orleans at the
Hilton Joint Venture, a Louisiana Joint venture ("QNOV"), HWCC-Louisiana, Inc.,
a wholly-owned subsidiary of Hollywood Casino Corporation ("HWCC"), and Sodak
Louisiana, L.L.C., a wholly-owned subsidiary of Sodak Gaming, Inc. ("Sodak"),
Hollywood and Sodak are sometimes collectively referred to in this Agreement as
the "New Venturers."
RECITALS
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A. QNOV is the holder of a riverboat gaming license issued and regulated
by the Louisiana Gaming Control Board (the "Board").
B. QNOV has entered into a certain Compromise Agreement with the City of
New Orleans ("City") of even date herewith (the "Compromise Agreement"),
attached hereto as Exhibit "A". Capitalized terms not defined herein shall have
the same meanings set forth in the Compromise Agreement.
C. The parties desire to further document the obligations of QNOV in
connection with the Compromise Agreement.
AGREEMENT
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NOW, THEREFORE, in consideration of the agreements of the parties regarding
the Shreveport Project, and for additional good and valuable consideration, the
parties agree as follows:
1. The New Venturers agree that upon consummation of their acquisition of
an ownership interest in QNOV, the New Ventures will recognize, ratify and cause
QNOV to comply with the terms and conditions of the Compromise Agreement,
including the requirements of Paragraphs 3.2 and 3.3 of the Compromise
Agreement.
IN WITNESS WHEREOF, the parties have executed this Agreement, in multiple
originals, in the presence of the undersigned witnesses as of the 16th day of
January, 1998.
QUEEN OF NEW ORLEANS AT THE HILTON JOINT
VENTURE, a Louisiana joint venture
By: HILTON NEW ORLEANS CORPORATION,
a Louisiana corporation
By:
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Name:
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Title:
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By: NEW ORLEANS PADDLEWHEELS, INC.,
a Louisiana corporation
By:
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Name:
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Title:
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HWCC-LOUISIANA, L.L.C., a Louisiana corporation
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇
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Name: ▇▇▇▇ ▇. ▇▇▇▇▇
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Title: Chairman and President
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SODAK LOUISIANA, L.L.C., a Louisiana limited
liability company
By:
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Name:
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Title:
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QUEEN OF NEW ORLEANS AT THE HILTON JOINT
VENTURE, a Louisiana Joint Venture
By: HILTON NEW ORLEANS CORPORATION, a
Louisiana Corporation
By: [SIGNATURE ILLEGIBLE]
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Name:
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Title:
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By: NEW ORLEANS PADDLEWHEELS, INC., a
Louisiana Corporation
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇
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Title: President
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HWCC-LOUISIANA, INC., a Louisiana Corporation
By:
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Name:
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Title:
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SODAK LOUISIANA, L.L.C., a Louisiana Limited
Liability Company
By: [SIGNATURE ILLEGIBLE]
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Name: [ILLEGIBLE]
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Title: [ILLEGIBLE]
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