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NYNY > SEC Filings for NYNY > Form 8-K on 27-Aug-2013All Recent SEC Filings

Show all filings for EMPIRE RESORTS INC



Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Item 1.01. Entry into a Material Definitive Agreement.

The option agreement (the "Option Agreement"), by and between Monticello Raceway Management, Inc. ("MRMI"), a wholly-owned subsidiary of Empire Resorts, Inc., and EPT Concord II, LLC ("EPT" and, together with MRMI, the "Parties"), originally entered into on December 21, 2011, was further amended by a letter agreement between the Parties, dated August 23, 2013 (the "Letter Agreement"). Pursuant to the Option Agreement, EPT granted MRMI a sole and exclusive option to lease certain EPT property located in Sullivan County, New York (the "EPT Property") pursuant to the terms of a lease negotiated between the parties.

Pursuant to the Letter Agreement, MRMI and EPT agreed to extend the option exercise period and the final option exercise outside date (as such terms are defined in the Option Agreement) from August 23, 2013 to August 30, 2013 (as the same may be further extended pursuant to the Option Agreement). Except for these amendments, the Option Agreement remains unchanged and in full force and effect.

This summary description is qualified in its entirety by reference to the actual Letter Agreement, which is attached as Exhibit 10.1 to this Form 8-K and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

10.1. Letter Agreement, dated August 23, 2013, by and between Monticello Raceway Management, Inc. and EPT Concord II, LLC.

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