AMENDMENT TO GAMING DEVICE LICENSE AGREEMENT
Exhibit 99.1
“RCT” means the material omitted has been filed separately with the Securities and Exchange Commission with an application requesting confidential treatment.
AMENDMENT TO GAMING DEVICE LICENSE AGREEMENT
This AMENDMENT TO GAMING DEVICE LICENSE AGREEMENT (“Amendment”) made as of this 30th day of September 2007 between SAFEWAY, INC. (“Safeway”), a Delaware Corporation, and MARKET GAMING, INC. (“MGI”), a Nevada Corporation.
WITNESSETH :
WHEREAS, Safeway and MGI entered into that certain Gaming Device License Agreement on October 25 2004 covering all supermarkets operated by Safeway in the Territory, (the “License Agreement”); and
WHEREAS, Safeway and MGI desire to amend and modify the License Agreement upon the terms and provisions herein set forth.
NOW THEREFORE, in consideration of the foregoing premises and the covenants and agreements hereinafter set forth, and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereto mutually covenant and agree that the License Agreement is modified and amended as follows:
1. Effective Date. The Effective date of this Amendment shall be August 1, 2007.
2. Definitions. All capitalized terms contained in this Amendment, unless otherwise hereinafter contained, shall have the same meaning as in the License Agreement.
4. Purpose. Article 4.1(a) is hereby deleted in its’ entirety and replaced with the following:
“MGI shall pay to SAFEWAY a fixed, monthly license fee (hereinafter the “License Fee”) for each Licensed Premises equal to RCT per that number of Gaming Devices actually installed by MGI in each Store for any particular month.”
Article 4.8 is deleted in its’ entirety.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the 30th day of September 2007.
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SAFEWAY, INC |
MARKET GAMING, INC. |
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/s/ Xxxx Xxxxxxxx |
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/s/ Xxxxxx X. Xxxxxx |
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By: |
Xxxx Xxxxxxxx |
Xxxxxx X. Xxxxxx |
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Its: |
SVP Marketing Planning |
President |
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