Examples of Gaming Products in a sentence
Having regard to the quantity, quality and specifications of the Additional Gaming Products, the Directors (including the independent non-executive Directors) are of the view that the terms of the Supplemental Agreement are no less favorable to Oriental Regent than those obtainable from independent third parties.
Oriental Regent decided to purchase the Additional Gaming Products in order to fulfil the business and operational needs of the Casino under the Primorye Gaming Project.
All other terms and conditions of the Gaming Products Purchase Contract shall remain in full force and effect and shall apply to the purchase of the Additional Gaming Products.
THE SUPPLEMENTAL AGREEMENT The principal terms of the Supplemental Agreement are summarized below: Date : 20 November 2015 Parties : (i) Purchaser: Oriental Regent (ii) Vendor: Dolphin Products Assets to be acquired by the Purchaser : The Additional Gaming Products, which shall be delivered to Oriental Regent no later than fourteen weeks after the advance payment, being 50% of the contract price, has been paid by Oriental Regent to Dolphin Products.
As the Supplemental Agreement was entered into between Oriental Regent and Dolphin Products within 12 months after the signing of the Gaming Products Purchase Contract, the Company has aggregated the Aggregated Transactions and treated them as if they were one transaction in accordance with Chapter 14A of the Listing Rules.
The Additional Gaming Products shall be used in the Casino under the Primorye Gaming Project.
On 20 November 2015 (after trading hours), Oriental Regent (as the purchaser) and Dolphin Products (as the vendor) entered into the Supplemental Agreement, pursuant to which Dolphin Products agreed to sell and Oriental Regent agreed to purchase the Additional Gaming Products for a cash consideration of US$198,648 (equivalent to approximately HK$1,539,522).
Reference is made to the Company’s announcement dated 15 April 2015 regarding the Gaming Products Purchase Contract entered into between Oriental Regent and Dolphin Products in relation to the sale and purchase of the Gaming Products.
As the sale of the Gaming Products in overseas markets required specific licence, the Group is required to engage licensed distributors for the distribution and sale of the Gaming Products in the overseas markets.
Consideration and method of payment : US$198,648 (equivalent to approximately HK$1,539,522), which shall be paid by cash pursuant to the following terms of payment: 50% of the contract price as advance payment will be paid by Oriental Regent to Dolphin Products when the purchase order is made; and 50% of the contract price will be paid by Oriental Regent to Dolphin Products upon despatch of the Additional Gaming Products.