PENN NATIONAL GAMING, INC. Wyomissing Professional Center 825 Berkshire Boulevard, Suite 203 Wyomissing, PA 19610 November 2, 1998Joint Venture Agreement • November 13th, 1998 • Penn National Gaming Inc • Services-racing, including track operation
In connection with our Joint Venture Agreement entered into on Friday, October 30, 1998, we have further reviewed our memorandum of understanding with Lincoln Property Company ("Lincoln") referred to in our Joint Venture Agreement. For a variety of reasons, including the fact that our joint venture does not preclude Lincoln from obtaining the economic benefit sought in our memorandum of understanding, the fact that the joint proposal of Lincoln and Penn National to ITB has not been accepted by ITB, and other factors, Penn National has determined that it does not require the prior consent of Lincoln to proceed with the joint venture with Greenwood New Jersey.
Landlord has leased approximately 45,600 square feet of the Shopping Center, in the space designated on the Current Site Plan as "Supermarket" (the "BiLo Space"), to a tenant operating a BiLo supermarket ("BiLo"). Subject to the terms of this Article,...Lease Agreement • November 13th, 1998 • Penn National Gaming Inc • Services-racing, including track operation
JOINT VENTURE AGREEMENT RELATING TO NEW JERSEY ASSETS This Joint Venture Agreement is made and entered into as of the 30th day of October, 1998 by and between GREENWOOD NEW JERSEY, INC., a New Jersey corporation ("GNJ") and PENN NATIONAL GAMING, INC.,...Joint Venture Agreement • November 13th, 1998 • Penn National Gaming Inc • Services-racing, including track operation • Pennsylvania
