EXHIBIT 10.113
NOTICE OF ELECTION
The undersigned and Casino Resource Corporation (the "Company") are parties
to that certain Stock Option Agreement dated January 4, 2000. Pursuant to the
terms thereof, the undersigned hereby exercises its option to purchase 150,000
shares of the common stock, (the "Shares") par value $0.01 per Share of the
Company. Closing hereunder shall be held at the chief executive offices of the
Company at 9 a.m., local time on May 26, 2000.
Please register the Shares in the name of Roy Anderson, Jr. and use the
address set forth herein as the registered address of the undersigned.
The undersigned understands that the Shares have not been registered under
the Securities Act of 1933, as amended (the "Act") or under any state securities
law, and the Company is under no obligation to do so. The undersigned
understands that shares may not be resold or otherwise transferred in the
absence of such applicable registrations or exemptions from the registration
requirements. The undersigned understands that it may have to hold the Shares
for the indefinite future. The undersigned understands that the Shares are
"restricted securities" within the meaning of Rule 144 promulgated under the
Act.
The undersigned represents and warants to the Company that it (a) has been
advised and understands that the Shares may not be transferred without
compliance with all applicable Federal and state securities laws; and (b) has
had all material information about the Company's business and financial
condition made available to it prior to exercise of the Option, and that he was
afforded the opportunity to ask questions of and receive answers from the
officers and directors of the Company with respect to the Company's business
affairs and prospects.
The undersigned represents and warrants that it is acquiring the Shares for
its own account as principal for investment and not with a view to resale or
distribtuion.
The undersigned understands that the Share certificate shall bear a
restrictive legend with respect to the transferability of the Shares under the
Act.
Name: Roy Anderson Holding Corp.
Address: P.O. Box 2
Gulfport, MS 39502
By:
-----------------------------------
Roy Anderson, III
President
<PAGE>
NOTICE OF ELECTION
The undersigned and Casino Resource Corporation (the "Company") are parties
to that certain Stock Option Agreement dated January 4, 2000. Pursuant to the
terms thereof, the undersigned hereby exercises its option to purchase 150,000
shares of the common stock, (the "Shares") par value $0.01 per Share of the
Company. Closing hereunder shall be held at the chief executive offices of the
Company at 9 a.m., local time on May 26, 2000.
Please register the Shares in the name of Roy Anderson, III and use the
address set forth herein as the registered address of the undersigned.
The undersigned understands that the Shares have not been registered under
the Securities Act of 1933, as amended (the "Act") or under any state securities
law, and the Company is under no obligation to do so. The undersigned
understands that shares may not be resold or otherwise transferred in the
absence of such applicable registrations or exemptions from the registration
requirements. The undersigned understands that it may have to hold the Shares
for the indefinite future. The undersigned understands that the Shares are
"restricted securities" within the meaning of Rule 144 promulgated under the
Act.
The undersigned represents and warants to the Company that it (a) has been
advised and understands that the Shares may not be transferred without
compliance with all applicable Federal and state securities laws; and (b) has
had all material information about the Company's business and financial
condition made available to it prior to exercise of the Option, and that he was
afforded the opportunity to ask questions of and receive answers from the
officers and directors of the Company with respect to the Company's business
affairs and prospects.
The undersigned represents and warrants that it is acquiring the Shares for
its own account as principal for investment and not with a view to resale or
distribtuion.
The undersigned understands that the Share certificate shall bear a
restrictive legend with respect to the transferability of the Shares under the
Act.
Name: Roy Anderson Holding Corp.
Address: P.O. Box 2
Gulfport, MS 39502
By:
-----------------------------------
Roy Anderson, Jr.
Chairman
