GENERAL MEMORANDUM OF UNDERSTANDING ALPHA ST. REGIS, INC., a Delaware corporation qualified to do business in New York ("ASR") and CATSKILL DEVELOPMENT, L.L.C., a New York limited liability company ("Catskill") have entered into this Memorandum of...General Memorandum • August 12th, 1998 • Alpha Hospitality Corp • Services-miscellaneous amusement & recreation
ALPHA ST. REGIS, INC., a Delaware corporation qualified to do business in New York ("ASR") and CATSKILL DEVELOPMENT, L.L.C., a New York limited liability company ("Catskill") have entered into this Memorandum of Understanding this 1st day of December, 1995, for purposes of preliminarily setting forth their agreement to jointly create a New York limited liability company to be known as Mohawk Management, LLC, or other mutually acceptable name (hereinafter referred to as "Casino") to manage and operate a gaming casino on behalf of the Mohawk Indian Nation to be located on a portion of certain real property located just outside of Monticello, Sullivan County, New York, on which a harness racing facility is located known as "Monticello Raceway". Catskill, anticipates purchasing Monticello Raceway no later than June 3, 1996.
