ASSIGNMENT OF MANAGEMENT AGREEMENT Parties to this Assignment Agreement
Parties
to this Assignment Agreement
The
parties to this Assignment
Agreement are:
Century
Casinos, Inc., a Delaware corporation (“Century” hereinafter);
Focus
Casino Consulting AG (“FCC” hereinafter), a Swiss corporation; and
Century
Resorts International
Ltd.
(“CRI”
hereinafter), a Mauritius corporation and a 100% subsidiary of
Century.
WITNESSETH
THAT:
WHEREAS,
Century and FCC have entered into a Management Agreement (“Agreement”
hereinafter) in March 2001, with amendments entered into on October 11, 2001;
and October 12, 2002; and March 29, 2004; and
WHEREAS,
CRI is a subsidiary company of Century; and
WHEREAS,
both Century and FCC desire to assign this Agreement from
Century to
CRI.
NOW
THEREFORE, in consideration of the foregoing, of the mutual promises herein
contained, and of other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties, intending to be
legally bound, agree as follows:
1. |
Assignment |
The
Agreement is assigned in all respects, with all rights and obligations, from
Century to CRI. CRI accepts this assignment.
2. |
Guarantee |
CRI will
invoice Century, and Century will compensate CRI, for that portion of services
under the Agreement that have been respectively will be performed by FCC for
Century. Further, Century guarantees to CRI and FCC that it will reimburse
and
guarantee for CRI, in
case CRI should not be able to fulfill any of
its
obligations from this assignment.
3. |
Date
of Assignment and Effective Date |
The date
of this assignment shall be the date of the last signature. The date this
assignment becomes effective in all respects shall be January 1,
2005
IN
WITNESS WHEREOF, Century, CRI and FCC have duly executed this Agreement as of
the day and year first above written.
FOR
CENTURY RESORTS INTERNATIONAL LTD. |
||
By: |
||
//s// Richard Arlove | February 23, 2005 | |
Xx.
Xxxxxxx Arlove, Director |
Date | |
//s// Xxxx Xxxxxxx | February 23, 2005 | |
Xx.
Xxxx Xxxxxxx, Director |
Date | |
FOR
FLYFISH CASINO CONSULTING AG: |
||
By: |
||
//s// Xxxxxx Xxxxxxx | February 15, 2005 | |
Xx.
Xxxxxx Xxxxxxx, Verwaltungsrat |
Date | |
FOR
CENTURY CASINOS, INC.: |
||
By: |
||
//s// Xxxxxx X. Xxxxxxxx | February 14, 2005 | |
Xxxxxx
X. Xxxxxxxx, Director |
Date | |
By: |
||
//s// Xxxxxxxxx Xxxxxxxxxx | February 23, 2005 | |
Mag.
Xxxxxxxxx Xxxxxxxxxx |
Date | |
Director
and Member of |
||
Compensation
Committee |
||
By: |
||
//s// Xxxxx Xxxxxxx | February 15, 2005 | |
Xx.
Xxxxx Xxxxxxx, Director |
Date | |
and
Member of |
||
Compensation
Committee |