EXHIBIT 10.32
SECOND AMENDMENT
This Second Amendment (this "Amendment") is made and entered into as of
December 4, 2002, by and between Crystal Park Hotel and Casino Development
Company, LLC, a California limited liability company ("Landlord"), and
California Casino Management, Inc., a California corporation ("Tenant").
A. Landlord and Tenant entered into that certain Amended and Restated Lease
dated as of February 14, 2000, as amended by that certain First Amendment dated
as of October 1, 2001 (together, the "Lease"), whereby Tenant leases from
Landlord that certain real property in Compton, California upon which Tenant
operates the Crystal Park Casino (the "Premises").
B. Landlord and Tenant desire to amend the Lease as set forth below.
NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Landlord and Tenant agree as follows:
1. Defined Terms. Capitalized terms used herein, but not defined herein,
shall have the meanings ascribed to such terms in the Lease.
2. Expiration Date. Article 2, Section 2.01, first sentence, is hereby
deleted and replaced with the following:
"The term of this Lease shall commence on the date upon which Tenant opens
the Card Club for business to the general public (the "Commencement Date")
and shall continue until midnight on December, 31, 2003 (the "Expiration
Date") unless sooner terminated pursuant to any provision hereof or
otherwise amended pursuant to future amendments hereof. (the "Term" or "the
term of this Lease")."
3. Division of Gambling Control. The terms of this Amendment shall be
subject to approval by the Division of Gambling Control.
4. Relationship to Lease. This Amendment supercedes any inconsistent
provisions contained in the Lease. Except as amended hereby, the Lease remains
in full force and effect.
5. Further Assurances. Each of the parties hereto shall execute and deliver
such other and further documents and do such other and further acts as may be
reasonably required to effectuate the intent of the parties and carry out the
terms of this Amendment.
6. Counterparts. This Amendment may be executed in counterparts, which,
when taken together shall be one and the same instrument.
(remainder of page intentionally left blank)
IN WITNESS WHEREOF, this Amendment has been executed as of the date first above
written.
LANDLORD TENANT
Crystal Park Hotel and Casino California Casino Management, Inc.,
Development Company, LLC, a California corporation
a California limited liability company
By: HP/Compton, Inc. By: /s/ Xxx Xxx
Its: sole member Its: President
By: /s/ Xxxxxx X. Xxx
Its: CEO
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