CENTURY CASINOS INC /CO/ - FORM 8-K - EX-10.2 - AMENDMENT NO. 1 TO PURCHASE AGREEMENT - SILVER DOLLAR - December 22, 2009

Attached files

file filename
8-K - SILVER DOLLAR PURCHASE - CENTURY CASINOS INC /CO/form8-k.htm
EX-10.3 - AMENDMENT NO. 2 TO PURCHASE AGREEMENT - SILVER DOLLAR - CENTURY CASINOS INC /CO/ex10-3.htm
EX-10.4 - AMENDMENT NO. 3 TO PURCHASE AGREEMENT - SILVER DOLLAR - CENTURY CASINOS INC /CO/ex10-4.htm
EX-10.1 - PURCHASE AGREEMENT - SILVER DOLLAR - CENTURY CASINOS INC /CO/ex10-1.htm
 
AMENDMENT NO. 1 TO PURCHASE AGREEMENT
 
THIS AMENDMENT NO. 1 TO PURCHASE AGREEMENT is made as of November 24, 2009 (this “Amendment”) between GRANT THORNTON LIMITED in its capacity as interim receiver and receiver and manager of EGC Holdings Ltd. and not in its personal capacity (“Receiver”), and CENTURY CASINOS EUROPE GMBH (“Purchaser”).
 
WHEREAS:
 
A.           Receiver and Purchaser are parties to a Purchase Agreement made as of November 6, 2009 (the “Purchase Agreement”).
 
B.           Receiver and Purchaser desire to amend the Purchase Agreement as hereinafter set forth.
 
IN CONSIDERATION of the mutual agreements in this Amendment, Receiver and Purchaser agree as follows:
 
1.            The first sentence of the last paragraph of Section 19.1 of the Purchase Agreement is hereby amended to read in full as follows:
 
Any such notice, direction, request or other communication will be deemed to have been given or made on the date on which it was delivered or, in the case of fax or email, (i) on the day it was transmitted if faxed or emailed on a Business Day between the hours of 9 am and 5 pm (local time for the receiving party) and (ii) otherwise, on the next Business Day after receipt of transmission.
 
2.           The Purchase Agreement as amended hereby shall continue in full force and effect.
 
IN WITNESS WHEREOF the parties have executed this Amendment effective as of the day and year first above written notwithstanding the date of execution.

 
GRANT THORNTON LIMITED in its capacity as interim receiver and receiver and manager of EGC Holdings Ltd., and not in its personal capacity
  
CENTURY CASINOS EUROPE GMBH
Per:
 /s/ Mark Wentzell  
Per:
 /s/ Larry Hannappel
 
Authorized Signatory
    
Authorized Signatory
  Mark Wentzell     Larry Hannappel 
 
Name
    
Name
  Senior Vice President     Authorized Signatory   
 
Title
    
Title
  24 November 2009     24 November 2009 
 
Date of Execution
    
Date of Execution
 


 
 
 

 
Each of the undersigned (i) acknowledges the terms of the foregoing Amendment and (ii) confirms that such party is not released from its obligations under the Purchase Agreement as a result thereof.
 

FASKEN MARTINEAU DUMOULIN LLP
 

 
Per:
 /s/ Kibben Jackson
 
Authorized Signatory
  Kibben Jackson
 
Name
  Partner
 
Title
  24 November 2009
 
Date of Execution

 
 

FORTRESS CREDIT CORP., as Agent for Fortress Credit Opportunities I LP and Fortress Credit Funding II LP
 
 
 
By:
 /s/ Marc Furstein
 
 
Name Marc Furstein
 
 
Title Chief Operating Officer
 
 
Date of Execution  24 November 2009
 
 

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