Attached files
file | filename |
---|---|
EX-10.35 - EX-10.35 - JACOBS ENTERTAINMENT INC | a10-1214_1ex10d35.htm |
EX-10.37 - EX-10.37 - JACOBS ENTERTAINMENT INC | a10-1214_1ex10d37.htm |
EX-10.36 - EX-10.36 - JACOBS ENTERTAINMENT INC | a10-1214_1ex10d36.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (date of earliest event reported): December 21, 2009
JACOBS ENTERTAINMENT, INC.
(Exact name of registrant as specified in its charter)
Delaware |
|
333-88242 |
|
34-1959351 |
(State or Other Jurisdiction |
|
(Commission |
|
(IRS Employer |
of Incorporation) |
|
File Number) |
|
Identification No.) |
17301 West Colfax Ave,
Suite 250, |
|
|
(Address of
principal executive |
|
|
Registrants telephone number, including area code 303-215-5200
(Former name of former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provision.
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
JEI Distributing, LLC (the Company), a wholly owned subsidiary of Jacobs Entertainment, Inc. (the Registrant), has entered into fuel supply agreements with CITGO Petroleum Corporation (CITGO). The agreements provide for the purchase and sale of CITGO branded and unbranded gasoline and diesel fuel. The Registrant had previously entered into individually immaterial fuel supply agreements, which have now been consolidated into material agreements.
The Company and CITGO entered into a five-year Marketer Franchise Agreement on December 21, 2009 (the MFA). The MFA creates a franchise relationship between the Company and CITGO and requires the Company to purchase at least 90% of certain listed monthly quantities of gasoline from CITGO in order to maintain the franchise and not be in violation of the MFA. Under the MFA, CITGO grants the Company for the term of the MFA, the right to use CITGOs applicable brand names, trademarks and other forms of CITGOs identification, in the manner established by CITGO, in connection with the resale by the Company of products acquired under CITGOs brand names. The MFA also requires the Company to indemnify CITGO against liabilities arising in connection with performance under the MFA and contains, among other things, customary provisions in respect of insurance, fuel pricing, payment and delivery.
The Company and CITGO also entered into an Unbranded Rack Sales Agreement dated December 21, 2009 (the RSA). Although the initial term of the RSA is five years followed by annual renewals, the RSA provides that either party may terminate the RSA, without cause, upon providing thirty days written notice. The RSA requires the Company to purchase at least 90% of certain listed monthly quantities of fuel from CITGO in order to qualify for CITGOs rack posting pricing in effect and not be in violation of the RSA. The RSA also requires the Company to indemnify CITGO against liabilities arising in connection with performance under the RSA and contains, among other things, customary provisions in respect of insurance, fuel pricing, payment and delivery. The Addendum to Unbranded Rack Sales Agreement between the Company and CITGO, also dated December 21, 2009 (the Addendum), amends the pricing for unbranded fuel under the RSA. The amended pricing equals the sum of the base price and an adder fee that is dependent on the location of the terminal where the product is delivered. The Registrant has requested confidential treatment for specific pricing information as set forth in the Addendum, and that portion has been omitted from the attached Addendum, filed as Exhibit 10.37, as indicated thereon.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
Exhibit |
|
Description |
|
|
|
10.35 |
|
Marketer Franchise Agreement between JEI Distributing, LLC and CITGO Petroleum Corporation dated as of December 21, 2009. |
|
|
|
10.36 |
|
Unbranded Rack Sales Agreement between JEI Distributing, LLC and CITGO Petroleum Corporation dated as of December 21, 2009. |
|
|
|
10.37 |
|
Addendum to Unbranded Rack Sales Agreement between JEI Distributing, LLC and CITGO Petroleum Corporation dated as of December 21, 2009. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
JACOBS ENTERTAINMENT, INC. |
|
|
|
|
|
|
|
|
/s/ Brett A. Kramer |
Date: January 13, 2010 |
|
By: Brett A. Kramer |
|
|
Its: Chief Financial Officer |