March 28, 2003
Exhibit 10.2
Direct Dial: (▇▇▇) ▇▇▇-▇▇▇▇
Facsimile: (▇▇▇) ▇▇▇-▇▇▇▇
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
Senior Vice President
Treasurer
March 28, 2003
via hand delivery
▇▇. ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
KB Enterprises
c/o Fertitta Enterprises, Inc.
▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇
▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇
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Re: |
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Ground Lease and Sublease dated June 1, 1993, as amended (the “Lease”), between KB Enterprises, as landlord (“Landlord”), and Boulder Station, Inc., as tenant (“Tenant”) |
Dear ▇▇▇▇:
This letter agreement will confirm that, pursuant to Section I.C.2 of the Lease, Landlord and Tenant have agreed that (a) the annual Rent (as defined in the Lease) for the first Rental Period (as defined in the Lease) shall be $2,200,000 per year, subject to adjustment pursuant to subsection (2) of that Section, and (b) the first Rental Period shall commence on July 1, 2003. Except as expressly modified hereby, the Lease remains in full force and effect.
If the foregoing accurately sets forth Landlord’s agreement with respect to these matters, please so indicate by executing the attached copy of this letter on behalf of Landlord and returning it to me as soon as possible.
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Sincerely, |
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BOULDER STATION, INC . |
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/S/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇ |
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▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇ |
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Senior Vice President Treasurer |
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March 28, 2003
▇▇. ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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AGREED
to and ACCEPTED |
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KB ENTERPRISES |
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By: |
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▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, Secretary |
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