AGREEMENT OF HPI ----------------Amended and Restated Agreement Respecting Pyramid Casino • November 13th, 1996 • Hollywood Park Inc/New/ • Services-racing, including track operation
Hollywood Park, Inc., a Delaware corporation ("HPI"), on the one hand, and Compton Entertainment, Inc., a California corporation ("CEI") and Rouben Kandilian ("Kandilian"), on the other hand, entered into that certain Amended and Restated Agreement Respecting Pyramid Casino, dated July 14, 1995 (the "Amended Agreement"). Effective August 3, 1995, HPI assigned all of its right, title and interest in the Amended Agreement to HP/Compton, Inc., a California corporation ("HPC"). HPC and CEI are also parties to the agreements described on Schedule 1 attached hereto (the "Related Agreements"). Pursuant to Article 10.2 of the Amended Agreement, HPC has the right to assign its interest in the Card Club (as that term is defined in the Amended Agreement), including, without limitation, the Amended Agreement and the Related Agreements to a limited liability company ("LLC"), composed of HPC and the HPI Investors) (as that term is defined in the Amended Agreement).
