AMENDMENTTO SECURITY AGREEMENT

Contract Categories: Business Finance - Security Agreements
EX-4.54(B) 3 a06-8664_1ex4d54b.htm INSTRUMENTS DEFINING THE RIGHTS OF SECURITY HOLDERS, INCLUDING INDENTURES

EXHIBIT 4.54(B)

 

AMENDMENT TO SECURITY AGREEMENT

 

This Security Pledge Amendment, dated as of February 28, 2006, is delivered pursuant to Section 5.1 of that certain security agreement (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Security Agreement”; capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Security Agreement), dated as of February 8, 2002, among Jacobs Entertainment, Inc. (formerly known as Gameco, Inc.) (the “Issuer”), the undersigned, the other Guarantors from time to time party thereto and Wells Fargo Bank, National Association, as Trustee (in such capacity and together with any successors in such capacity, the “Trustee”).  The undersigned hereby agrees that this Pledge Amendment may be attached to the Security Agreement and that the Pledged Securities and/or Intercompany Notes listed on this Pledge Amendment shall be deemed to be and shall become part of the Pledged Collateral and shall secure all Secured Obligations.

 

PLEDGED SECURITIES

 

ISSUER

 

CLASS
OF STOCK
OR
INTERESTS

 

CERTIFICATE
NO(S).

 

PERCENTAGE OF ALL ISSUED CAPITAL OR OTHER EQUITY INTERESTS OF ISSUER

 

Jalou of Larose, LLC

 

Membership
Interests

 

1

 

100

%

Fuel Stop 36, Inc.

 

Common Stock

 

5

 

100

%

 

INTERCOMPANY NOTES

 

ISSUER

 

PRINCIPAL
AMOUNT

 

DATE OF
ISSUANCE

 

INTEREST
RATE

 

MATURITY
DATE

 

 

 

 

None

 

 

 

 

 

 

[Signature Page Follows]

 


 

 

JACOBS ENTERTAINMENT, INC., a
Delaware corporation, as Pledgor

 

 

 

 

 

By:

     /s/ Jeffrey P. Jacobs

 

 

 

Jeffrey P. Jacobs

 

 

President

 

 

 

 

 

JALOU L.L.C., a Louisiana limited liability
company, as Pledgor

 

 

 

 

 

By:

     /s/ Stephen R. Roark

 

 

 

Stephen R. Roark

 

 

President and Manager

 

 

 

 

 

JALOU II INC., a Louisiana corporation, as
Pledgor

 

 

 

 

 

By:

     /s/ Stephen R. Roark

 

 

 

Stephen R. Roark,

 

 

President

 

 

 

 

AGREED TO AND ACCEPTED:

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

 

 

 

By:

 

 

 

 

Name:  Joseph P. O’Donnell

 

 

Title:   Vice President

 

 

2