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ADDENDUM TO LEASE AND AGREEMENT-SPRING 1995 (LOWER LOTS)

Lease Addendum

ADDENDUM TO LEASE AND AGREEMENT-SPRING 1995 (LOWER LOTS) | Document Parties: ISLE OF CAPRI CASINOS INC You are currently viewing:
This Lease Addendum involves

ISLE OF CAPRI CASINOS INC

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Title: ADDENDUM TO LEASE AND AGREEMENT-SPRING 1995 (LOWER LOTS)
Date: 7/11/2008
Industry: Casinos and Gaming     Sector: Services

ADDENDUM TO LEASE AND AGREEMENT-SPRING 1995 (LOWER LOTS), Parties: isle of capri casinos inc
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Exhibit 10.46

 

ADDENDUM
TO
LEASE AND AGREEMENT-SPRING 1995
(LOWER LOTS)

 

 

This Addendum to Lease Agreement-Spring 1995 Lower Lots hereinafter (“Addendum”) is made this 4 th  day of April, 1996

between the Andrianakos Limited Liability Company, a Colorado limited liability company, the Lessor, and Anchor Coin, Inc., d/b/a Colorado Central Station Casino, Inc., the Lessee.

 

 

 

WHEREAS, the parties hereto are also parties to that certain Lease and Agreement-Spring 1995 (Lower Lots) dated

August 15, 1995, recorded at Book 590, Page 086, Gilpin County Clerk and Recorder’s office hereinafter (“Lease”); and,

 

 

 

WHEREAS, the parties wish to modify certain terms of the Lease concerning specific portions of the property hereinafter

described and the parties further wish to add additional property to the leasehold of the Lessee as more thoroughly described hereinafter.

 

 

NOW THEREFORE, be it agreed as follows:

 

 

1.

Property Identification .

 

 

 

The following described properties are the subject of this Addendum.

 

 

 

1.1.

 

Balance Lot 1. Block 50 . The Lease included the Easterly 20 feet of Lot 1, Block 50, City of Black Hawk. The remaining portion of Lot 1, Block 50 was not part of the Lease because of a competing claim of ownership made by other parties at the time of the execution . of the Lease. Lessor has now resolved those completing claims. Lessor owns and has marketable title to all of Lot 1, Block 50. Accordingly, the balance of Lot 1, Block 50 not leased to Lessee under the Lease (hereinafter “Balance Lot 1, Block 50”) which is more thoroughly described in Exhibit A attached hereto, is the subject of this Addendum.

 

 

 

 

 

1.2.

 

Gabriel Spalti Portion . Lessee pursuant to certain leases executed in 1993 and 1994 purported to lease to Lessor a portion of the Gabriel Spalti Tract Mining Claim, (hereinafter “Gabriel Spalti Portion”) which the property is more thorough described in Exhibit A attached hereto. Additionally, Subparagraph B-5. 7) of the Lease referenced that the Gabriel Spalti Portion might be a part of the property addressed in the Lease. Nevertheless, it was later determined the Lessor did not have title to the Gabriel Spalti Portion. Lessor did make a payment of $50,000.00 to the then owner of the Gabriel Spalti Portion. Subsequently, Lessee recently obtained title to the Gabriel Spalti Portion and such property is addressed in this Addendum.

 



 

 

1.3.

 

Lot 15, Block 49 . Lessor may have recently acquired Lot 15, Block 49, City of Black Hawk hereinafter (“Lot 15, Block 49”), which is more thoroughly described in Exhibit A attached hereto. To the extent that it exists Lot 15, Block 49 is West of and immediately adjacent to Balance Lot 1, Block 50. This property is also the subject of this Addendum.

 

 

 

 

2.

Disclaimer and Quit Claim

 

 

 

Lessor disclaims, in favor of Lessee any and all interest in the Gabriel Spalti Portion. Lessor has remised, released, sold, conveyed and Quit Claimed, and by these presents does remise, release, sell, convey and Quit Claim unto Lessee, it successors and assigns forever, all right, title, interest, claim and demand which the Lessor has in and to the Gabriel Spalti Portion, together with improvements, if any, situate, lying and being in the County of Gilpin, State of Colorado as described in Exhibit A. By its signature hereto Lessor acknowledges Lessee as owner to have and to hold the Gabriel Spalti Portion together with all and singular the appurtenances and privileges thereunto belonging, or in anywise thereunto appertaining, and all the estate, right, title, interest




 
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