Amendment No. 1 to Silver Dollar Purchase Agreement as of November 24, 2009 by and between Century Casinos Europe GmbH and Grant Thornton Limited in is capacity as interim receiver and receiver and manager of EGC Holdings Ltd. and not in its personal capacity

 

 

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