PURCHASE AGREEMENT By and among Tropicana las vegas, inc., a Nevada corporation, as Seller, PENN NATIONAL GAMING, INC., a Pennsylvania corporation, as Seller Parent, GLP Capital, L.P., a Pennsylvania limited partnership, GOLD MERGER SUB, LLC, a...Purchase Agreement • April 20th, 2020 • Penn National Gaming Inc • Hotels & motels • New York
THIS PURCHASE AGREEMENT (this “Agreement”) is entered into as of April 16, 2020 (the “Effective Date”), by and among TROPICANA LAS VEGAS, INC., a Nevada corporation (“Seller”), PENN NATIONAL GAMING, INC., a Pennsylvania corporation (“Seller Parent” and, together with Seller, each a “Seller Party” and, collectively, the “Seller Parties”), GLP Capital, L.P., a Pennsylvania limited partnership (“GLP”), GOLD MERGER SUB, LLC, a Delaware limited liability company (“Gold Merger Sub” ), PA Meadows, LLC, a Delaware limited liability company (“Meadows” and, together with GLP and Gold Merger Sub, collectively, “Purchaser”), TROPICANA LV LLC, a Delaware limited liability company (“Assignee” and, together with GLP, Gold Merger Sub and Meadows, each a “Purchaser Party” and, collectively, the “Purchaser Parties”) and, solely for the purposes of Section 7.4, GAMING AND LEISURE PROPERTIES, INC., a Pennsylvania corporation (“GLPI”).
LEASELease • April 20th, 2020 • Penn National Gaming Inc • Hotels & motels • New York
This LEASE (the “Lease”) is entered into as of April 16, 2020, by and among Tropicana Land LLC, a Nevada limited liability company (together with its permitted successors and assigns, “Landlord”), and Tropicana Las Vegas, Inc., a Nevada corporation ( together with its permitted successors and assigns, “Tenant”).
