Amendment No. 5 to Letter of Intent between Dover Downs Gaming Management Corp. and UG Entertainment, LLC
Dover Downs Gaming Management Corp. and UG Entertainment, LLC have agreed to extend the exclusive dealing provision in their original Letter of Intent for an additional two years, now lasting until October 13, 2015. This amendment is confirmed by signatures from both parties, including Aderhold/O’Leary, LLC, and sets out that the exclusivity arrangement between the companies will continue under the same terms as before for the extended period.
Exhibit 10.1
Dover Downs Gaming Management Corporation
| October 7, 2013 |
Daniel E. OLeary
President
UG Entertainment, LLC
50 Upper Alabama Street
Suite 50
Atlanta, GA 30303
Re: Amendment No. 5 to the Letter of Intent (LOI) dated October 14, 2008 between Dover Downs Gaming Management Corp. and UG Entertainment, LLC
Dear Dan:
As we have discussed, we would like to extend Section 4.1 (Exclusive Dealing) for an additional two years (until October 13, 2015).
If this is acceptable to you, please so indicate by executing the enclosed copy and returning it to me. Thank you.
| DOVER DOWNS GAMING MANAGEMENT CORP. | |
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| By: | /s/ Edward J. Sutor |
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| Edward J. Sutor |
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| President |
Accepted and Agreed:
UG ENTERTAINMENT, LLC
By: | /s/ Daniel E. OLeary |
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| Daniel E. OLeary |
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| President |
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Date: | 10-12-2013 |
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ADERHOLD/OLEARY, LLC |
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a Georgia limited liability company |
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By: | OLeary, Inc., its managing manager |
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| By: | /s/ Daniel E. OLeary |
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| Daniel E. OLeary, President |
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Date: | 10-12-2013 |
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