EX-10
from 10-K
1 page
Mayor, Day, Caldwell & Keeton, L.L.P. 700 Louisiana, Suite 1900 Houston, Texas 77002-2778 January 31, 1997 Mr. James D. Noteware President Sam Houston Race Park, Ltd. 5847 San Felipe, Suite 2600 Houston, Texas 77057 Re: Legislative Matters Dear Jim: Pursuant to Our Discussions, This Letter Amends Our Previous Letter of February 23, 1996, Setting Forth the Terms of Our Engagement by Sam Houston Race Park, Ltd. (The "Race Park") to Coordinate Its Legal, Political and Legislative Efforts Relating to Gaming and Related Matters Which Might Impact the Race Park. the Fee of $10,000 Per Month Which Was Set Out in Such Letter Is Hereby Amended to $25,000 Per Month for the Months of January Through May, 1997. in All Other Respects, the Terms and Conditions of the February 23, 1996 Letter Shall Remain in Full Force. if This Letter Accurately Reflects Your Understanding of the Change in Fees Which We Discussed, Please So Indicate by Signing and Returning the Enclosed Copy of This Letter. Jim, Thank You Again for Your Confidence. We Are Pleased at the Significant Progress We Have All Made Since the Inception of This Project, and Are Anxious to Tackle the Monumental Problems Remaining to Achieve Our Goal. Sincerely, /S/ J. Kent Friedman J. Kent Friedman Accepted and Agreed To: /S/ James D. Noteware James D. Noteware President, Sam Houston Race Park, Ltd
12/34/56
EX-10
from 10-Q
1 page
Texas Thoroughbred H.B.P.A. Inc. in Recognition of the Fact That the Texas Thoroughbred Hbpa Inc. (Tthbpa Inc.), Which Represents Owners and Trainers Racing Thoroughbred Horses, and Sam Houston Race Park Ltd. (Shrp Ltd.) Desire to Enter Into a Contractual Agreement for the 1996 Live Fall Thoroughbred Meet Beginning October 3, 1996 at Sam Houston Race Park, And; Whereas, It Is in the Best Interests of the Tthbpa Inc. and Shrp Ltd. to Ensure Uninterrupted Racing and Simulcasting and Therefore Desire to Avoid Such Interruption, And; Whereas, Long Term Contract Negotiations With Shrp Ltd. Are Expected to Take Place Sometime During the 1996 Live Fall Thoroughbred Meet; Now, Therefore, Tthbpa Inc. and Shrp Ltd. Find It to Be in Their Mutual Best Interests to Extend Until 11:59P.M., December 31, 1996, All the Terms of the Contract Which Expired on September 22, 1996, and Its Extension Through September 30, 1996, Without Affecting or Waiving Any Right or Obligation Which May Have Accrued Under That Contract; Further, Tthbpa Inc. and Shrp Ltd. Agree That: (1) Shrp Will Not Recover All or Any Part of the $330,000 Recoupment Identified in the Third Amendment Prior to December 31, 1996; and (2) There Will Be No Tthbpa Inc. Approval of Simulcasting, Either Exported From Shrp or Imported by Shrp, Effective January 1, 1997 Unless a Successor Contract Has Been Agreed Upon by Tthbpa Inc. and Shrp Ltd. Entered Into This 30th Day of September Between: /S/ L. William Heiligbrodt /S/ Robert L. Bork L. William Heiligbrodt Robert L. Bork President Senior Vice President/General Texas Thoroughbred Hbpa Inc. Manager Sam Houston Race Park Ltd
12/34/56
EX-10
from 10-Q
1 page
Agreement Between Texas Horsemen S Partnership, L.L.P. and Sam Houston Race Park, Ltd. Whereas the Texas Racing Commission Has Formally Recognized Texas Horsemen S Partnership, L.L.P. (Herein Partnership) as the Officially Recognized Horsemen S Organization to Represent Owners and Trainers Racing Horses in Texas; and Whereas the Partnership Is the Assignee and Successor to Texas Hbpa, Inc. of the Rights and Obligations of the Contract, as Amended, Between Texas Hbpa, Inc. and Sam Houston Race Park, Ltd. (Herein Association) Dated April 29, 1994; and Whereas the Association Recognizes the Desirability of Having One Horsemen S Organization Representing Owners and Trainers Racing at the Association; Now Therefore Partnership and Association Do Hereby Agree to Provide Funding of the Partnership as Follows: 1. Funding of the Partnership Shall Be Provided as an Expense of Total Interstate Simulcast Handle on Incoming Signals by Deducting From Such Revenues and Paying to the Partnership an Amount Equivalent to .15 Percent (.0015), Beginning July 1, 1996 and Continuing Until Such Time as a Different Percentage May Be Agreed Upon by Both Parties to This Agreement in Order to Provide Sufficient Income to Sustain Operations of the Partnership and to Provide Adequate Benevolence and Assistance. 2. This Funding Mechanism Supersedes and Supplants All Previous and Existing Contractual Provisions for Funding of the Officially Recognized Horsemen S Organization at the Association. Executed in Multiple Copies on the Dates Indicated. Texas Horsemen S Partnership, L.L.P. By: /S/ Stanley Beard Stanley Beard, Chairman, Management Committee Date: June, 1996 Sam Houston Race Park By: /S/ Robert L. Bork Robert L. Bork, Senior Vice President and General Manager Date: June, 1996
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