Extension Agreement to May 7, 1997 Agreement between PNGI Charles Town Gaming LLC and Charles Town HBPA, Inc.

Summary

This agreement extends the original May 7, 1997 agreement between PNGI Charles Town Gaming Limited Liability Company and Charles Town H.B.P.A., Inc. until September 30, 2003. The extension specifically relates to the notice provisions in Paragraph 21 of the original agreement. The document is signed by representatives of both parties and notarized, confirming their consent to the extension and the terms outlined.

EX-10.45 8 a2105300zex-10_45.htm EXHIBIT 10.45
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Exhibit 10.45

notice shall be sent to:

		PNGI Charles Town Gaming: Limited Liability Company Address:		James Buchanan, President P.O. Box 551 Charles Town, WV 25414
		Copy to:		Kevin De Sanctis, President c/o Penn National Gaming, Inc. Wyomissing Professional Center 825 Berkshir0e Blvd., Suite 203 Wyomissing, PA 19610
		Copy to:		Robert P. Krauss, Esquire Mesirov, Gelman, Jaffe, Cramer & Jamieson 1735 Market Street Philadelphia, PA 19103-7598
		Charles Town HBPA, Inc.: Address		Richard C. Watson, President c/o Charles Town H.B.P.A., Inc. P.O. Box 581 Charles Town, WV 25414
		Copy to:		Clarence E. Martin, III, Esquire Martin & Seibert, L.C. 1164 Winchester Avenue Martinsburg, West Virginia 25402

WHEREAS, the HBPA and Charles Town Races wish to extend that Agreement as amended herein as it relates to Paragraph 21. Notices, until the 30^th day of September, 2003;

NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, the parties do hereby agree to extend that Agreement dated the 7^th day of May, 1997 until the 30^th day of September, 2003.

WITNESS the following signatures and seals as of the day and date above first written.

		PNGI CHARLES TOWN GAMING LIMITED LIABILITY COMPANY, a West Virginia Limited Liability Company
		By:	/s/ JAMES BUCHANAN James Buchanan, its President
		PENN NATIONAL GAMING OF WEST VIRGINIA, INC., a West Virginia Corporation, Managing Member of PNGI Charles Town Gaming Limited Liability Company
		By:	/s/ KEVIN DE SANCTIS Kevin De Sanctis, its President
		CHARLES TOWN H.B.P.A., INC., a West Virginia Corporation
		By:	/s/ RICHARD C. WATSON Richard C. Watson, its President

STATE OF WEST VIRGINIA

COUNTY OF JEFFERSON, to-wit:

I, Margaret A. Fineagan, a notary public for the County/City and State aforesaid, certify that Richard C. Watson, whose name is signed to the foregoing as President of THE CHARLES TOWN H.B.P.A., INC., a West Virginia Corporation, dated the 20th day of December, 2002 acknowledged the same on behalf of the Corporation before me in the County/City aforesaid.

Given under my hand and official seal this 20th day of December, 2002.

Notary Public

My commission expires on July 21, 2012.

[OFFICIAL SEAL]

STATE OF WEST VIRGINIA

COUNTY OF JEFFERSON, to-wit:

I, Margaret A. Fineagan, a notary public for the County/City and State aforesaid, certify that James Buchanan, whose name is signed to the foregoing as President of PNGI CHARLES TOWN GAMING LIMITED LIABILITY COMPANY, a West Virginia Limited Liability Company, dated the 7th day of January, 2003 acknowledged the same on behalf of the Limited Liability Company before me in the County/City aforesaid.

Given under my hand and official seal this 7^th day of January, 2003.

Notary Public

My commission expires on June 21, 2012. [OFFICIAL SEAL]

STATE OF WEST VIRGINIA

COUNTY OF JEFFERSON, to-wit:

I, , a notary public for the County/City and State aforesaid, certify that , whose name is signed to the foregoing as President of PENN NATIONAL GAMING OF WEST VIRGINIA, INC., a West Virginia Corporation, Managing Partner of PNGI CHARLES TOWN GAMING LIMITED LIABILITY COMPANY, a West Virginia Corporation, a West Virginia Limited Liability Company, dated the day of December, 2002 acknowledged the same on behalf of the Limited Liability Company before me in the County/City aforesaid.

Given under my hand and official seal this day of December, 2002.

Notary Public

My commission expires on .

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