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Exhibit 10.4

STABLES – JTVT II & III
Document ____ of ____

MANAGEMENT AGREEMENT
AMENDMENT NO. THREE – OCTOBER 19, 2009
 
This Amendment No. THREE entered into on the 19th day of October, 2009, at
Miami, Oklahoma by the parties of the Management Agreement dated December 12,
1996, approved by the NIGC on January 14, 1997 which was amended by Amendment
No. ONE dated April 30, 2003 with NIGC approval dated September 5, 2003 and by
Amendment No. TWO dated November 30, 2006 with NIGC approval dated March 20,
2007. The parties to this Amendment No. 3, as defined in the Management
Agreement, are the “Modoc Tribe”, hereafter referred to as “Tribe”, and Butler
National Service Corporation, hereafter referred to as “Manager”; and for
approval by the National Indian Gaming Commission hereafter referred to as
“Commission”.
 
1.0
Recitals.

 
 
1.1
The Tribe desires to amend the Management Agreement entered into on December 12,
1996 and approved by the Commission on January 14, 1997, as amended by Amendment
No. ONE that was approved by the Commission on September 5, 2003; and as further
amended by Amendment No. TWO that was approved by the Commission on March 20,
2007.

 
 
1.2
The Manager desires to amend the Management Agreement entered into on December
12, 1996 and approved by the Commission on January 14, 1997, as amended by
Amendment No. ONE that was approved by the Commission on September 5, 2003, and
as further amended by Amendment No. TWO that was approved by the Commission on
March 20, 2007.

 
 
1.3
The Enterprise opened for business to the public to offer Class II and Class III
Gaming as a joint venture pursuant to the Joint Venture Agreement between the
Miami Tribe of Oklahoma and the Modoc Tribe dated October 18, 1994. The term of
the Joint Venture Agreement was for fifteen (15) years. Upon the expiration of
the Joint Venture Agreement term and pursuant to the terms of the Joint Venture
Agreement, the Joint Venture between the Miami Tribe of Oklahoma and the Modoc
Tribe was terminated. The Modoc Tribe now exclusively owns the Enterprise and
desires to continue with terms of the Management Agreement with Manager as
approved with the latest amendments as described above.

 
AMENDMENT NO. THREE – OCTOBER 19, 2009
 
 
Page 1

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STABLES – JTVT II & III
Document ____ of ____

MANAGEMENT AGREEMENT
AMENDMENT NO. THREE – OCTOBER 19, 2009
 
 
1.4
The Tribe desires to revise the parties to the Management Agreement to remove
all references to the Miami Tribe of Oklahoma or Miami Tribe and to replace all
such references with only the Modoc Tribe.

 
 
1.5
The Manager desires to revise the parties to the Management Agreement to remove
all references to the Miami Tribe of Oklahoma or Miami Tribe and replace all
such references with only the Modoc Tribe.

 
 
1.6
The Tribe and Manager desire to change section 2.3 Tribal Representatives to
delete “Miami Tribe, pursuant to its law, has established the Miami Tribe
Business Committee to manage all tribal business affairs. Miami Tribe hereby
appoints and designates the Chief of the Miami Tribe Business Committee to be
the Tribe’s duly appointed ‘Miami Tribal Representative’”, and replace the
deleted words with: “For the second Tribal Representative to the Management
Committee, the Modoc Tribe hereby appoints and designates the Second Chief of
the Modoc Tribe Elected Council to be the Tribe’s duly appointed second ‘Modoc
Tribal Representative.’”

 
 
1.7
The Tribe and Manager desire to change section 2.10 Tribal Gaming Commission to
remove the reference to the Miami Tribe in the first sentence. Section 2.10
shall now state: “Tribal Gaming Commission” or “MMTGC” shall mean the gaming
commission of the Modoc Tribe. The MMTGC will operate as authorized by the Modoc
Tribe gaming ordinances for Class II (approved by the NIGC November 8, 1993) and
Class III (approved by the NIGC on December 15, 1994).

 
 
1.8
The Tribe and Manager desire to change section 7.1 Compensation of Manager at
twenty percent (20%) and the distribution at eighty percent (80%) to the Modoc
Tribe.

 
 
1.9
The Tribe and Manager desire to change section 11. Dispute Provisions to state:
“The Modoc Tribe Gaming Commission is responsible for the resolution of disputes
between the gaming public (the patrons) and the Tribe and or the Tribe’s
management contractor in accordance with the Ordinance.”

 
 
1.10
Tribe and Manager desire that all other provisions of the Management Agreement
continue through September 30, 2013.

 
2.0
Definitions.

 
All definitions are to remain as defined in the MANAGEMENT AGREEMENT unless
revised by the Amendment No. ONE, Amendment No. TWO, or this Amendment No.
THREE.
 
AMENDMENT NO. THREE – OCTOBER 19, 2009
 
 
Page 2

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STABLES – JTVT II & III
Document ____ of ____

MANAGEMENT AGREEMENT
AMENDMENT NO. THREE – OCTOBER 19, 2009
 
3.0
Incorporation by Reference.

 
This Amendment No. THREE incorporates the Management Agreement and Amendment No.
ONE and Amendment No. TWO by this reference.
 
(The remainder of this page is intended to be blank.)
 
IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. TWO the
day and year first above written.
 
AMENDMENT NO. THREE – OCTOBER 19, 2009
 
 
Page 3

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STABLES – JTVT II & III
Document ____ of ____

MANAGEMENT AGREEMENT
AMENDMENT NO. THREE – OCTOBER 19, 2009
 
MODOC TRIBE
MODOC TRIBE OF OKLAHOMA
 
A Federally recognized Indian Tribe
     
By: /s/ Bill G. Follis
 
Bill G. Follis, Its Chief
   
ATTEST:
     
Secretary
     
MANAGER:
BUTLER NATIONAL SERVICE CORPORATION
 
A Kansas Corporation
     
By: /s/ Clark D. Stewart
 
Clark D. Stewart, President
 
Its authorized officer
   
ATTEST:
     
/s/ Christopher J. Reedy
 
Secretary
     
APPROVED:
NATIONAL INDIAN GAMING COMMISSION
 
UNITED STATES DEPARTMENT OF THE INTERIOR
     
By:
 
Its Chairwoman

 
AMENDMENT NO. THREE – OCTOBER 19, 2009
 
 
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