Amendment No. 1 to Purchase Agreement among PNGI Pocono Corp., PNGI, LLC, and Mohegan Tribal Gaming Authority
This amendment updates the original Purchase Agreement dated October 14, 2004, between PNGI Pocono Corp., PNGI, LLC, and the Mohegan Tribal Gaming Authority. The main change is to extend the deadline for closing the transaction to no later than February 11, 2005. All other terms of the original agreement remain unchanged.
Exhibit 2.1
AMENDMENT NO. 1 TO PURCHASE AGREEMENT
This Amendment No. 1 to Purchase Agreement, dated as of January 7, 2005, shall serve to amend the Purchase Agreement (the “Agreement”), dated as of October 14, 2004, by and among PNGI Pocono Corp, a Nevada corporation, PNGI, LLC, a Nevada limited liability company, and The Mohegan Tribal Gaming Authority, an instrumentality of the Mohegan Tribe of Indians of Connecticut. All capitalized terms used but not defined herein shall have the meanings set forth in the Agreement.
1. The undersigned parties hereby agree to amend Section 2 of the Agreement to provide that Closing shall take place no later than February 11, 2005, at the place and time set forth in the Agreement.
2. All other provisions of the Agreement shall remain in full force and effect.
ACCEPTED AND AGREED:
| PNGI POCONO, CORP. | PNGI, LLC | ||||
|
| By: PNGI Pocono, Corp., its sole member | ||||
|
|
| ||||
|
|
| ||||
| By: | /s/ Kevin DeSanctis |
| By: | /s/ Kevin DeSanctis |
|
|
| Kevin DeSanctis |
| Kevin DeSanctis | ||
|
| President |
| President | ||
MOHEGAN TRIBAL GAMING AUTHORITY
| By: |
| /s/William J. Velardo |
|
|
| Name: William J. Velardo | ||
|
| Title: CEO | ||
