Amendment No. 5 to Letter of Intent between Dover Downs Gaming Management Corp. and UG Entertainment, LLC

Summary

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.

EX-10.1 2 a13-19674_1ex10d1.htm EX-10.1

Exhibit 10.1

 

Dover Downs Gaming Management Corporation

 

 

October 7, 2013

 

Daniel E. O’Leary

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.

 

 

 

 

 

By:

/s/ Edward J. Sutor

 

 

Edward J. Sutor

 

 

President

 

Accepted and Agreed:

 

UG ENTERTAINMENT, LLC

 

 

By:

/s/ Daniel E. O’Leary

 

 

Daniel E. O’Leary

 

 

President

 

 

Date:

10-12-2013

 

 



 

ADERHOLD/O’LEARY, LLC

 

a Georgia limited liability company

 

 

 

By:

O’Leary, Inc., its managing manager

 

 

 

 

 

 

 

 

By:

/s/ Daniel E. O’Leary

 

 

 

Daniel E. O’Leary, President

 

 

 

 

 

Date:

10-12-2013

 

 

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