Hollywood Park, Inc.
Exhibit 10.46
To Form 10-Q, June 30, 1998
ADDENDUM
TO THE LEASE AGREEMENT
DATED DECEMBER 19. 1997
BY AND BETWEEN
CRYSTAL PARK HOTEL AND CASINO DEVELOPMENT COMPANY, LLC
AND
CALIFORNIA CASINO MANAGEMENT, INC.
Be it known that Crystal Park Hotel and Casino Development Company, LLC
(hereafter referred to as LANDLORD) and California Casino Management, Inc.
(hereafter referred to as TENANT) do hereby agree to amend the above stated
lease (hereafter referred to as original lease) as follows:
LANDLORD and TENANT (hereafter jointly referred to as PARTIES) do agree that the
increase in monthly lease payments by TENANT to LANDLORD, which was scheduled to
commence on July 1, 1998, shall not take place. Instead, PARTIES agree that for
the period commencing on July 1, 1998 and ending on February 1, 1999 the monthly
lease payment due LANDLORD by TENANT as rent on the property addressed in the
original lease shall be $150,000 (one-hundred-fifty-thousand dollars) per month.
PARTIES agree that provided TENANT makes the above stated $150,000 (one-hundred-
fifty-thousand dollars) monthly lease payments as stated herein to LANDLORD that
LANDLORD will deem TENANT to be in full compliance with the lease between
PARTIES and not in default thereof.
All other terms of the original lease shall be deemed to be unmodified and in
full force.
By their signatures below, or those of their authorized agents, PARTIES agree to
be bound by the above.
Signed:
Crystal Park Hotel and Casino Development Company, LLC
LANDLORD,
By:
/s/ G. Xxxxxxx Xxxxxxxx
-------------------------------------
its
CFO
-------------------------------------
Date: June 30, 1998
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California Casino Management, Inc.
TENANT
By:
/s/ Xxx Xxx
-------------------------------------
Its:
President
Date: June 29, 1998
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