Exhibit 10.3
ASSIGNMENT AGREEMENT
This ASSIGNMENT AGREEMENT (this "Agreement"), dated July 1, 1999, is by
and between Peninsula Gaming Partners, LLC, a Delaware limited liability company
("PGP") (formerly AB Capital, LLC) and Peninsula Gaming Company, LLC, a Delaware
limited liability company ("PGCL").
WHEREAS, PGP is party to (i) that certain Asset Purchase and Sale
Agreement, dated as of January 15, 1999, between PGP and Greater Dubuque
Riverboat Entertainment Company, L.C. (the "Asset Purchase Agreement"), and (ii)
that certain Real Property Purchase and Sale Agreement, dated January 15, 1999,
between PGP and Harbor Community Investment, L.C. (the "Real Property
Agreement"), and
WHEREAS, PGP is permitted to assign its rights and duties under the Asset
Purchase Agreement and the Real Property Agreement, and
WHEREAS, PGP and PGCL desire to assign PGP' rights and duties under such
agreements to PGCL,
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:
1. PGP hereby assigns all of its rights and obligations under the Asset
Purchase Agreement and the Real Property Agreement to PGCL.
2. PGCL hereby accepts such assignment and assumes all of PGP's
obligations under the Asset Purchase Agreement and the Real Property Agreement
from and and after the date hereof.
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the
date first above written.
PENINSULA GAMING PARTNERS, LLC
By: /s/ M. Xxxxx Xxxxxxx
------------------------------------
M. Xxxxx Xxxxxxx
Chief Executive Officer
PENINSULA GAMING PARTNERS, LLC
By: /s/ M. Xxxxx Xxxxxxx
------------------------------------
M. Xxxxx Xxxxxxx
Chief Executive Officer
Assignment of Asset Purchase and Real Property Purchase Agreements
