LETTER AGREEMENTConstruction Agreement |
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PENN NATIONAL GAMING INC | CDG COMMERCIAL BUILDERS, INC.. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Exhibit 10.3
CDG
COMMERCIAL BUILDERS, INC.
875 Berkshire Boulevard — Suite
102
Wyomissing, PA 19610
LETTER AGREEMENT
THIS AGREEMENT FOR THE CONSTRUCTION OF CERTAIN IMPROVEMENTS (the “Agreement”) is made this 5th day of April, 2005, between Penn National Gaming, Inc. hereinafter, called “Owner”, having its principal place of business at 825 Berkshire Boulevard, Suite 200, Wyomissing, Pennsylvania 19610 and CDG Commercial Builders, Inc. hereinafter called “Contractor”, having its principal place of business at 875 Berkshire Boulevard, Suite 102, Wyomissing, Pennsylvania 19610.
The Owner and the Contractor agree to the following terms for construction of improvements as defined below (the “Improvements”) at the premises located at 855 Berkshire Blvd., Suite 200, Wyomissing, Pennsylvania 19610.
1. IMPROVEMENTS: Contractor shall supply materials, labor, permits for the installation, including test run, of an emergency generator unit per the Estimate Sheet — Fit Up attached hereto as Exhibit “A” (the “Improvements”).
2. PAYMENT SCHEDULE: Owner agrees to pay Contractor the total cost of $77,582.45 for the construction of the Improvements on the following schedule:
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A. |
At the execution of this Agreement |
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27,500.00 |
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B. |
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