Guarantor Security Agreement



 Exhibit 10.8 
 SECURITY AGREEMENT 
 This SECURITY AGREEMENT (as amended, restated, supplemented or otherwise
modified from time to time, including all exhibits and schedules hereto, this “Agreement”) is made as of August 15, 2008, among the Grantors listed on the signature pages hereof and those additional entities that hereafter
become parties hereto by executing the form of Supplement attached hereto as Annex 1 (collectively, jointly and severally, “Grantors” and each individually, “Grantor”), and PRIVATE EQUITY MANAGEMENT GROUP
FINANCIAL CORPORATION, a California corporation, for itself and as administrative agent for the Lenders defined below (together with its successors and assigns, if any, in such capacity “Administrative Agent”). 
 W I T N E S S E T H: 
 WHEREAS,
pursuant to that certain Credit Agreement dated as of August 4, 2008 (as amended, restated, supplemented or otherwise modified from time to time, including all exhibits and schedules thereto, the “Credit Agreement”) among
Progressive Gaming International Corporation, a Nevada corporation (“Borrower”), each Subsidiary of the Borrower listed as a “Guarantor” on the signature pages thereto (such Subsidiaries, together with any additional
entities that become guarantors pursuant to the requirements of Section 6.01(b) thereof or otherwise, each a “Guarantor” and collectively, jointly and severally, the “Guarantors”), the lenders that are,
from time to time, parties thereto (each a “Lender” and collectively, the “Lenders”), and Administrative Agent, the Lender Group is willing to make certain financial accommodations available to Borrower from time to
time pursuant to the terms and conditions thereof, and 
 WHEREAS, Administrative Agent has agreed to act as administrative agent for the
benefit of the Lender Group in connection with the transactions contemplated by this Agreement, and 
 WHEREAS, in order to induce the Lender
Group to enter into the Credit Agreement and the other Loan Documents and to induce the Lender Group to make financial accommodations to Borrower as provided for in the Credit Agreement, Grantors have agreed to grant a continuing security interest
in and to the Collateral in order to secure the prompt and complete payment, observance and performance of, among other things, (a) all of the present and future obligations of each Grantor arising from this Agreement, any Guaranty or any other
Loan Document, and (b) all Obligations of each Grantor, including, in the case of each of clauses (a) and (b), reasonable attorneys fees and expenses and any interest, fees or expenses that accrue after the filing of an Insolvency
Proceeding, regardless of whether allowed or allowable in whole or in part as a claim in any Insolvency Proceeding (clauses (a) and (b) being hereinafter referred to as the “Secured Obligations”), it being acknowledged and
agreed that for the purposes of the definition of “Secured Obligations” the “Loan Documents” shall exclude the Securities, and 
 NOW, THEREFORE, for and in consideration of the recitals made above and other good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Defined Terms. All capitalized terms used herein (including, in the preamble and recitals hereof) without definition shall have the meanings
ascribed thereto in the Credit Agreement. Any terms used in this Agreement that are defined in the Code shall be 

  

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construed and defined as set forth in the Code unless otherwise defined herein or in the Credit Agreement; provided, however, that to the
extent that the Code is used to define any term herein and such term is defined differently in different Articles of the Code, the definition of such term contained in Article 9 of the Code shall govern. In addition to those terms defined elsewhere
in this Agreement, as used in this Agreement, the following terms shall have the following meanings: 
 (a) “Account” means
an account (as that term is defined in the Code). 
 (b) “Account Debtor” means any Person who is obligated on an Account,
chattel paper, or a general intangible. 
 (c) “Administrative Agent” has the meaning specified therefor in the preamble to
this Agreement. 
 (d) “Agreement” has the meaning specified therefor in the preamble to this Agreement. 
 (e) “Books” means books and records (including each Grantor’s Records indicating, summarizing, or evidencing such Grantor’s
assets (including the Collateral) or liabilities, each Grantor’s Records relating to such Grantor’s business operations or financial condition, and each Grantor’s goods or General Intangibles related to such information). 

(f) “Borrower” has the meaning specified therefor in the recitals to this Agreement. 
 (g) “Capital Stock” has the meaning specified therefor in the Credit Agreement. 
 (h) “Cash and Cash Equivalents” has the meaning specified therefor in the Credit Agreement. 
 (i) “CFC” has the meaning specified therefor in the Credit Agreement. 
 (j) “Chattel Paper” means chattel paper (as that term is defined in the Code) and includes tangible chattel paper and electronic chattel
paper. 
 (k) “Code” means the New York Uniform Commercial Code, as in effect from time to time; provided, however, that in
the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection, priority, or remedies with respect to Administrative Agent’s Lien on any Collateral is governed by the Uniform Commercial Code as enacted and in
effect in a jurisdiction other than the State of New York, the term “Code” shall mean the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely for purposes of the provisions thereof relating to such
attachment, perfection, priority, or remedies. 
 (l) “Collateral” has the meaning specified therefor in
Section 2 hereof. 
 (m) “Commercial Tort Claims” means commercial tort claims (as that term is defined in the
Code), and includes those commercial tort claims listed on Schedule 3 attached hereto (“Commercial Tort Claims”). 
 (n) “Control Agreement” means a control agreement, in form and substance customary for such agreements and satisfactory to Administrative Agent, executed and delivered by Grantors or any of their Subsidiaries,
Administrative Agent, and the applicable securities intermediary (with respect to a Securities Account) or bank (with respect to a Deposit Account). 
  

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 (o) “Copyright Security Agreement” means each Copyright Security Agreement among
Grantors, or any of them, and Administrative Agent, for the benefit of the Lender Group, in substantially the form of Exhibit A attached hereto, pursuant to which Grantors have granted to Administrative Agent, for the benefit of the Lender
Group, a security interest in all their respective Copyrights. 
 (p) “Copyrights” means any and all copyrights and
copyright registrations, including the copyright registrations and recordings thereof and all applications in connection therewith listed on Schedule 1 attached hereto and made a part hereof, and (i) all reissues, continuations,
extensions or renewals thereof, (ii) all income, royalties, damages and payments now and hereafter due or payable under and with respect thereto, including, payments under all licenses entered into in connection therewith and damages and
payments for past or future infringements or dilutions thereof, (iii) the right to sue for past, present and future infringements and dilutions thereof, (iv) the goodwill of each Grantor’s business symbolized by the foregoing and
connected therewith, and (v) all of each Grantor’s rights corresponding thereto throughout the world. 
 (q) “Deposit
Account” means a “deposit account” (as that term is defined in the Code). 
 (r) “Equipment” means
“equipment” (as that term is defined in the Code) and includes machinery, machine tools, motors, furniture, furnishings, fixtures, vehicles (including motor vehicles), computer hardware, tools, parts, and goods (other than consumer goods,
farm products, or Inventory), wherever located, including all attachments, accessories, accessions, replacements, substitutions, additions, and improvements to any of the foregoing. 
 (s) “Event of Default” has the meaning specified therefor in Section 9.01 of the Credit Agreement. 
 (t) “Excluded Assets” means with respect to any Grantor, (i) any leases, permits, licenses (including Gaming Licenses) or other
contracts or agreements or other assets or property to the extent that a grant of a Lien thereon (x) is prohibited by law or would constitute or result in the abandonment, invalidation or unenforceability of any right, title or interest of such
Grantor therein pursuant to applicable law, (y) would require the consent of third parties and such consent has not been obtained after such Grantor has used commercially reasonable efforts to try to obtain such consent, or (z) other than
as a result of requiring a consent of third parties that has not been obtained, would result in a breach of the provisions thereof, or constitute a default under or result in a termination of, such lease, permit, license, contract or agreement
(other than to the extent that any such provisions thereof would be rendered ineffective pursuant to Section 9-406, 9-407 or 9-408 of the Code (or any successor provision or provisions) of any relevant jurisdiction or any other applicable law);
provided, however, that Excluded Assets shall not include (and, accordingly, Collateral shall include) any and all Proceeds of any such assets; and provided, further, that, with respect to each Excluded Asset described in
this clause (i), immediately upon the uneffectiveness, lapse or termination of such prohibition, or the obtaining of any required approvals, the provisions that would be so breached or such breach, default or termination or immediately upon the
obtaining of any such consent or approval, the Excluded Assets shall not include, and such Grantor shall be deemed to have granted a security interest in, all such leases, permits, licenses, contracts and agreements and such other assets and
property as if such prohibition, the provisions that would be so breached or such breach, default or termination had never been in effect and as if such consent or approval had not been required; and (ii) voting Capital Stock of any Subsidiary
of such Grantor that is a CFC solely to the extent that (A) such Capital Stock represents more than 65% of the outstanding voting Capital Stock of such Subsidiary, and (B) hypothecating more than 65% of the total outstanding voting Capital
Stock of such Subsidiary would result in material adverse tax consequences. 
  

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 (u) “Credit Agreement” has the meaning specified therefor in the recital to this
Agreement. 
 (v) “Gaming Laws” has the meaning specified therefor in the Credit Agreement. 
 (w) “Gaming License” has the meaning specified therefor in the Credit Agreement. 
 (x) “Gaming Subsidiaries” has the meaning specified therefor in the Credit Agreement. 
 (y) “General Intangibles” means general intangibles (as that term is defined in the Code) and includes payment intangibles, contract
rights, rights to payment, rights arising under common law, statutes, or regulations, choses or things in action, goodwill (including the goodwill associated with any Trademark, Patent, or Copyright), Patents, Trademarks, Copyrights, URLs and domain
names, industrial designs, other industrial or Intellectual Property or rights therein or applications therefor, whether under license or otherwise, programs, programming materials, blueprints, drawings, purchase orders, customer lists, monies due
or recoverable from pension funds, route lists, rights to payment and other rights under any royalty or licensing agreements, including Intellectual Property Licenses, infringement claims, computer programs, information contained on computer disks
or tapes, software, literature, reports, catalogs, pension plan refunds, pension plan refund claims, insurance premium rebates, tax refunds, and tax refund claims, uncertificated securities, and any other personal property other than commercial tort
claims, money, Accounts, Chattel Paper, Deposit Accounts, goods, Investment Related Property, Negotiable Collateral, and oil, gas, or other minerals before extraction. 
 (z) “Grantor” and “Grantors” have the meaning specified therefor in the preamble to this Agreement. 
 (aa) “Guarantor” and “Guarantors” have the meaning specified therefor in the recitals to this Agreement. 
 (bb) “Guaranty” has the meaning specified therefor in the Credit Agreement. 
 (cc)
“Insolvency Proceeding” has the meaning specified therefor in the Credit Agreement. 
 (dd) “Intellectual
Property” means any and all Intellectual Property Licenses, Patents, Copyrights, Trademarks, the goodwill associated with such Trademarks, trade secrets and customer lists. 
 (ee) “Intellectual Property Licenses” means any license of patent, trademark, copyright or other intellectual property, including
software license agreements with any other party, whether the applicable Grantor is a licensee or licensor under any such license agreement, including, the license agreements listed on Schedule 1 attached hereto and made a part hereof, and
the right to use the foregoing in connection with the enforcement of the Lender Group’s rights under the Loan Documents, including, the right to prepare for sale and sell any and all Inventory and Equipment now or hereafter owned by any Grantor
and now or hereafter covered by such licenses. 
 (ff) “Inventory” means inventory (as that term is defined in the Code).

  

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 (gg) “Investment Related Property” means (i) any and all investment property (as
that term is defined in the Code), and (ii) any and all of the following regardless of whether classified as investment property under the Code: all Pledged Interests, Pledged Operating Agreements, and Pledged Partnership Agreements.

 (hh) “Lender” and “Lenders” have the meaning specified therefor in the recitals to this Agreement.

 (ii) “Lender Group” means, individually and collectively, each of the Lenders and Administrative Agent. 
 (jj) “Loan Document” has the meaning specified therefore in the Credit Agreement. 
 (kk) “Mississippi Gaming Authorities” has the meaning specified therefor in the Credit Agreement. 
 (ll) “Negotiable Collateral” means letters of credit, letter of credit rights, instruments, promissory notes, drafts and documents (as
that term is defined in the Code). 
 (mm) “Nevada Gaming Authorities” has the meaning specified therefor in the Credit
Agreement. 
 (nn) “NGC” means the Nevada Gaming Commission. 
 (oo) “NGCB” means the Nevada State Gaming Control Board. 
 (pp) “Obligations” has the meaning specified therefor in the Credit Agreement. 
 (qq)
“Patent Security Agreement” means each Patent Security Agreement among Grantors, or any of them, and Administrative Agent, for the benefit of the Lender Group, in substantially the form of Exhibit B attached hereto, pursuant
to which Grantors have granted to Administrative Agent, for the benefit of the Lender Group, a security interest in all their respective Patents. 
 (rr) “Patents” means any and all patents and patent applications, including, the patents and patent applications listed on Schedule 1 attached hereto and made a part hereof, and (i) all renewals thereof,
(ii) all income, royalties, damages and payments now and hereafter due or payable under and with respect thereto, including, payments under all licenses entered into in connection therewith and damages and payments for past or future
infringements or dilutions thereof, (iii) the right to sue for past, present and future infringements and dilutions thereof, and (iv) all of each Grantor’s rights corresponding thereto throughout the world. 
 (ss) “Permitted Liens” has the meaning specified therefor in the Credit Agreement. 
 (tt) “Person” has the meaning specified therefor in the Credit Agreement. 
 (uu) “Pledged Companies” means, each Person listed on Schedule 4 hereto as a “Pledged Company”, together with each
other Person, all or a portion of whose Capital Stock, is acquired or otherwise owned by a Grantor after the Initial Funding Date. 
 (vv)
“Pledged Interests” means all of each Grantor’s right, title and interest in and to all of the Capital Stock now or hereafter owned by such Grantor, regardless of class or designation, including, in each of the Pledged
Companies, and all 

  

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substitutions therefor and replacements thereof, all proceeds thereof and all rights relating thereto, including, any certificates representing the Capital
Stock, the right to request after the occurrence and during the continuation of an Event of Default that such Capital Stock be registered in the name of Administrative Agent or any of its nominees, the right to receive any certificates representing
any of the Capital Stock and the right to require that such certificates be delivered to Administrative Agent together with undated powers or assignments of investment securities with respect thereto, duly endorsed in blank by such Grantor, all
warrants, options, share appreciation rights and other rights, contractual or otherwise, in respect thereof and of all dividends, distributions of income, profits, surplus, or other compensation by way of income or liquidating distributions, in cash
or in kind, and all cash, instruments, and other property from time to time received, receivable, or otherwise distributed in respect of or in addition to, in substitution of, on account of, or in exchange for any or all of the foregoing.

 (ww) “Pledged Interests Addendum” means a Pledged Interests Addendum substantially in the form of Exhibit C to
this Agreement. 
 (xx) “Pledged Operating Agreements” means all of each Grantor’s rights, powers, and remedies under
the limited liability company operating agreements of each of the Pledged Companies that is a limited liability company. 
 (yy)
“Pledged Partnership Agreements” means all of each Grantor’s rights, powers, and remedies under the partnership agreements of each of the Pledged Companies that is a partnership. 
 (zz) “Proceeds” has the meaning specified therefor in Section 2 hereof. 
 (aaa) “Real Property” means any estates or interests in real property now owned or hereafter acquired by any Grantor or any Subsidiary
of any Grantor and the improvements thereto. 
 (bbb) “Records” means information that is inscribed on a tangible medium or
which is stored in an electronic or other medium and is retrievable in perceivable form. 
 (ccc) “Required Library” has the
meaning specified therefor in the Credit Agreement. 
 (ddd) “Security Interest” has the meaning specified therefor in
Section 2 in hereof. 
 (eee) “Secured Obligations” has the meaning specified in the recitals to this Agreement

 (fff) “Securities Account” means a securities account (as that term is defined in the Code). 
 (ggg) “Source Code” means a complete copy of the annotated source code for each current version or versions (including all a.x and a.x.y
releases but excluding the a.x.y versions that are bug fixes) and related materials of or for each item of computer software programs or other technology of any Grantor constituting the Required Library, in machine-readable form on machine-readable
storage medium suitable for long-term storage and compatible with commonly-available computer systems then in use by any Grantor’s licensees of the computer software programs comprising the Required Library and which, when compiled, will
produce the object code version of said software, including without limitation all existing encryption code, system documentation and flowcharts, algorithm and subroutine descriptions, memory and overlay maps, name and/or label conventions, program
narrators, source code listings and other documentation and commentary necessary or desirable for a reasonably competent computer programmer to install, maintain, service, and otherwise use the software programs comprising the Required Library, and
with respect 

  

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to the currently shipping versions of the software programs comprising the Required Library, to modify and enhance such software programs, without the aid of
any Grantor, as may be necessary or desirable for the Administrative Agent, as agent, to benefit from its rights under the Credit Agreement and this Agreement. 
 (hhh) “Source Code Escrow Agreement” means a source code escrow agreement with respect to the Source Code, in form and substance satisfactory to Administrative Agent, among each Grantor, Borrower,
Administrative Agent, and an escrow agent satisfactory to Administrative Agent in its sole and absolute discretion. 
 (iii)
“Supporting Obligation” means Supporting Obligation (as such term is defined in the Code), and includes letters of credit and guaranties issued in support of Accounts, Chattel Paper, documents, General Intangibles, instruments, or
Investment Related Property. 
 (jjj) “Trademarks” means any and all trademarks, trade names, registered trademarks,
trademark applications, service marks, registered service marks and service mark applications, including, the trade names, registered trademarks, trademark applications, registered service marks and service mark applications listed on Schedule
1 attached hereto and made a part hereof, and (i) all renewals thereof, (ii) all income, royalties, damages and payments now and hereafter due or payable under and with respect thereto, including, payments under all licenses entered
into in connection therewith and damages and payments for past or future infringements or dilutions thereof, (iii) the right to sue for past, present and future infringements and dilutions thereof, (iv) the goodwill of each Grantor’s
business symbolized by the foregoing and connected therewith, and (v) all of each Grantor’s rights corresponding thereto throughout the world. 
 (kkk) “Trademark Security Agreement” means each Trademark Security Agreement among Grantors, or any of them, and Administrative Agent, for the benefit of the Lender Group, in substantially the form of
Exhibit D attached hereto, pursuant to which Grantors have granted to Administrative Agent, for the benefit of the Lender Group, a security interest in all their respective Trademarks. 
 (lll) “URL” means “uniform resource locator,” an internet web address. 
 2. Grant of Security. Each Grantor hereby unconditionally grants, assigns and pledges to Administrative Agent, for the benefit of the Lender
Group, a continuing security interest (hereinafter referred to as the “Security Interest”) in all personal property of such Grantor whether now owned or hereafter acquired or arising and wherever located, including such
Grantor’s right, title, and interest in and to the following, whether now owned or hereafter acquired or arising and wherever located (the “Collateral”): 
 (a) all of such Grantor’s Accounts; 
 (b) all of such Grantor’s Books; 
 (c) all of such Grantor’s Chattel Paper; 
 (d) all of such Grantor’s interest with respect to any Deposit Account or Securities Account; 
 (e) all of such Grantor’s Equipment and fixtures; 
  

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 (f) all of such Grantor’s General Intangibles; 
 (g) all of such Grantor’s Inventory; 
 (h) all of such Grantor’s Investment Related Property; 
 (i) all of such Grantor’s Negotiable Collateral; 
 (j) all of such Grantor’s rights in respect of Supporting Obligations; 
 (k) all of such Grantor’s interest with respect to any Commercial Tort Claims; 
 (l) all of such Grantor’s money, Cash and Cash Equivalents, or other assets of each such Grantor that now or hereafter come into the possession,
custody, or control of Administrative Agent or any other member of the Lender Group; 
 (m) all of the proceeds and products, whether
tangible or intangible, of any of the foregoing, including proceeds of insurance or commercial tort claims covering or relating to any or all of the foregoing, and any and all Accounts, Books, Cash and Cash Equivalents, Chattel Paper, Deposit
Accounts, Securities Accounts, Equipment, General Intangibles, Inventory, Investment Related Property, Negotiable Collateral, Supporting Obligations, Commercial Tort Claims, money, or other tangible or intangible property resulting from the sale,
lease, license, exchange, collection, or other disposition of any of the foregoing, the proceeds of any award in condemnation with respect to any of the property of Grantors, any rebates or refunds, whether for taxes or otherwise, and all proceeds
of any such proceeds, or any portion thereof or interest therein, and the proceeds thereof, and all proceeds of any loss of, damage to, or destruction of the above, whether insured or not insured, and, to the extent not otherwise included, any
indemnity, warranty, or guaranty payable by reason of loss or damage to, or otherwise with respect to any of the foregoing Collateral (the “Proceeds”). Without limiting the generality of the foregoing, the term “Proceeds”
includes whatever is receivable or received when Investment Related Property or proceeds are sold, exchanged, collected, or otherwise disposed of, whether such disposition is voluntary or involuntary, and includes, proceeds of any indemnity or
guaranty payable to any Grantor or Administrative Agent from time to time with respect to any of the Investment Related Property. 
 The
foregoing to the contrary notwithstanding, “Collateral” shall not include the Excluded Assets. 
 3. Security for
Obligations. This Agreement and the Security Interest created hereby secures the payment and performance of all the Secured Obligations, whether now existing or arising hereafter. Without limiting the generality of the foregoing, this Agreement
secures the payment of all amounts which constitute part of the Secured Obligations and would be owed by Grantors, or any of them, to Administrative Agent, the Lender Group or any of them, but for the fact that they are unenforceable or not
allowable due to the existence of an Insolvency Proceeding involving any Grantor. 
 4. Grantors Remain Liable. Anything herein to the
contrary notwithstanding, (a) each of the Grantors shall remain liable under the contracts and agreements included in the Collateral, including, the Pledged Operating Agreements and the Pledged Partnership Agreements, to perform all of the
duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by Administrative Agent or any other member of the Lender Group of any of the rights hereunder shall not release any Grantor from
any of its duties or obligations under such contracts and agreements included in the Collateral, and (c) none of the members of the Lender Group shall have any obligation or liability under such contracts and agreements included in the
Collateral by reason of this Agreement, nor shall any of the members of the Lender Group be obligated to perform any of the obligations or duties of any Grantors thereunder or to take any action to collect or enforce any claim for payment assigned
hereunder. Until an Event of 

  

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Default shall occur and while it remains continuing, except as otherwise provided in this Agreement, the Credit Agreement, or the other Loan Documents,
Grantors shall have the right to possession and enjoyment of the Collateral for the purpose of conducting the ordinary course of their respective businesses, subject to and upon the terms hereof and of the Credit Agreement and the other Loan
Documents. Without limiting the generality of the foregoing, it is the intention of the parties hereto that record and beneficial ownership of the Pledged Interests, including, all voting, consensual, and dividend rights, shall remain in the
applicable Grantor until the occurrence and continuance of an Event of Default and until Administrative Agent shall notify the applicable Grantor of Administrative Agent’s exercise of voting, consensual, or dividend rights with respect to the
Pledged Interests pursuant to Section 15 hereof. 
 5. Representations and Warranties. Each Grantor hereby represents and
warrants, as to itself, as follows: 
 (a) The exact legal name of such Grantor is set forth on the signature pages of this Agreement or, if
such Grantor has provided a written notice to Administrative Agent pursuant to Section 6.02(c) of the Credit Agreement, as set forth in such notice. 
 (b) Schedule 4 attached hereto sets forth all Real Property owned by such Grantor as of the Initial Funding Date. 
 (c) Such Grantor is the sole legal and beneficial owner, nonexclusive licensee, or exclusive licensee of all Intellectual Property that is necessary to, or economically desirable in connection with, the conduct of its
business as currently contemplated. As of the Initial Funding Date, such Grantor has no interest in, or title to, any Intellectual Property Licenses (other than Intellectual Property Licenses to use commercial off-the-shelf software, which
Intellectual Property Licenses to use such commercial off-the-shelf software each individually have a fair market value of less than $500), Patents, Trademarks, or registered Copyrights except as set forth on Schedule 1, attached hereto. This
Agreement is effective to create a valid and continuing Lien on such Copyrights, Intellectual Property Licenses (except to the extent the same is an Excluded Asset), Patents and Trademarks and, upon filing of the Copyright Security Agreement with
the United States Copyright Office and filing of the Patent Security Agreement and the Trademark Security Agreement with the United States Patent and Trademark Office, and the filing of appropriate financing statements in the jurisdictions listed on
Schedule 5 hereto, all action necessary or desirable to protect and perfect the Security Interest in and to such Grantor’s United States Patents, United States Trademarks, or United States Copyrights has been taken and such perfected
Security Interests are enforceable as such as against any and all creditors of and purchasers from such Grantor, except as may be limited by applicable bankruptcy, insolvency, reorganization moratorium or other similar laws and except as limited by
general principles of equity. Such Grantor has no interest in any Copyright registered with the United States Copyright Office that is necessary in connection with the operation of the Borrower’s business, except for those registered
Copyrights, identified on Schedule 1 attached hereto. 
 (d) This Agreement creates a valid security interest in the Collateral
of such Grantor, to the extent a security interest therein can be created under the Code, securing the payment of the Secured Obligations. Except to the extent a security interest in the Collateral cannot be perfected by the filing of a financing
statement under the Code, all filings and other actions necessary or desirable to perfect and protect such security interest have been duly taken or will have been taken upon the filing of a financing statement listing such Grantor, as debtor, and
Administrative Agent, as secured party, in the jurisdictions listed next to such Grantor’s name on Schedule 5 attached hereto. Upon the making of such filings, Administrative Agent shall have a first priority perfected security interest
(subject to Permitted Liens) in the Collateral of such Grantor to the extent such security interest can be perfected by the filing of a financing statement. All action by any Grantor necessary to protect and perfect such security interest on each
item of Collateral has been duly taken. 
  

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 (e) (i) Except for the Security Interest created hereby, each Grantor is and will at all times be the
sole holder of record and the legal and beneficial owner, free and clear of all Liens other than Permitted Liens, of the Pledged Interests of such Grantor (including the Pledged Interests indicated on Schedule 2 as being owned by such
Grantor); (ii) all of the Pledged Interests are duly authorized, validly issued, fully paid and nonassessable and the Pledged Interests constitute the percentage of the issued and outstanding Capital Stock of the Pledged Companies identified as
held by any such Grantor on Schedule 2 hereto as supplemented or modified by any Pledged Interests Addendum or any Supplement to this Agreement; (iii) subject to compliance with applicable Gaming Laws, such Grantor has the right and
requisite authority to pledge, the Investment Related Property pledged by such Grantor to Administrative Agent as provided herein; (iv) subject to compliance with applicable Gaming Laws, all actions necessary or desirable to perfect, establish
the first priority of, or otherwise protect, Administrative Agent’s Liens in the Collateral consisting of Investment Related Property, and the proceeds thereof, will have been duly taken, under the laws of the United States or any state thereof
(A) upon the execution and delivery of this Agreement; (B) upon the taking of possession by Administrative Agent or any custodian of Administrative Agent of any certificates constituting the Pledged Interests, to the extent such Pledged
Interests are represented by certificates, together with undated powers endorsed in blank by the applicable Grantor; (C) upon the filing of financing statements in the applicable jurisdiction set forth on Schedule 5 attached hereto for
such Grantor with respect to the Pledged Interests of such Grantor that are not represented by certificates, and (D) with respect to any Deposit Accounts and Securities Accounts, upon the execution and delivery of Control Agreements with
respect thereto; and (v) each Grantor has delivered to Administrative Agent or a custodian of Administrative Agent all certificates representing the Pledged Interests owned by such Grantor to the extent such Pledged Interests are represented by
certificates, and undated powers endorsed in blank with respect to such certificates. None of the Pledged Interests owned or held by such Grantor has been issued or transferred in violation of any securities registration, securities disclosure or
similar laws of any jurisdiction to which such issuance or transfer may be subject. 
 (f) No consent, approval, authorization, or other
order or other action by, and no notice to or filing with, any Governmental Authority or any other Person is required (i) for the grant of a Security Interest by such Grantor in and to the Collateral pursuant to this Agreement or for the
execution, delivery, or performance of this Agreement by such Grantor, or (ii) for the exercise by Administrative Agent of the voting or other rights provided for in this Agreement with respect to the Investment Related Property or the remedies
in respect of the Collateral pursuant to this Agreement, except as may be required in connection with such disposition of Investment Related Property by laws affecting the offering and sale of securities generally and except for approvals required
under applicable Gaming Laws. No Intellectual Property License material to the conduct of such Grantor’s business to which such Grantor is a party requires any consent for such Grantor to grant the security interest granted hereunder, to the
extent permitted under Section 9-408 of the Code, in such Grantor’s right, title or interest in or to any Copyrights, Patents, Trademarks or material Intellectual Property Licenses. 
 (g) To the extent necessary or desirable in the operation of such Grantor’s business and subject to the Required Library obligations set forth in
the Loan Documents, such Grantor has made in accordance with the procedures and regulations of the United States Copyright Office and the United States Patent and Trademark Office, as applicable, all payments, filings and recordations to protect and
maintain its interest in the Intellectual Property identified on Schedule 1 in a manner sufficient to claim in the public record such Grantor’s ownership thereof, including (i) making all necessary registration, maintenance, and
renewal fee payments; and (ii) filing all necessary documents, including all applications for registration of Copyrights comprising the Required Library, Patents and Trademarks. 
  

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 (h) Such Grantor has and uses commercially reasonable efforts to enforce a policy requiring its
employees, consultants and contractors to execute appropriate assignment agreements, pursuant to which each such employee, consultant or contractor has assigned to such Grantor all of such individual’s rights (including with respect to
Intellectual Property) in and to all ideas, inventions, processes, works of authorship and other work products that relate to such Grantor’s business and that were conceived, created, authored or developed during the term of such
employee’s, consultant’s or contractor’s employment or engagement by such Grantor. No past or present employee or contractor of such Grantor has any ownership interest, license, permission or other right in or to any Intellectual
Property that is necessary to, or economically desirable in connection with, the conduct of any such Grantor’s business, except that solely to the extent necessary for the conduct of their work for or on behalf of such Grantor,
(i) employees of each Grantor may have permission to use Intellectual Property Rights and (ii) contractors may have permission to use or license rights in the Intellectual Property. 
 (i) Except as set forth in Schedule 1, no claim has been made in writing and is continuing or, to such Grantor’s knowledge, threatened that
the use by such Grantor of any Intellectual Property that is necessary to, or economically desirable in connection with, the conduct of its business does or may violate the Intellectual Property rights of any Person. To such Grantor’s
knowledge, there is currently no infringement or unauthorized use of any item of Intellectual Property contained on Schedule 1. 
 (j)
Schedule 6 attached hereto sets forth all motor vehicles owned by Grantors as of the Initial Funding Date, by model, model year and vehicle identification number. 
 6. Covenants. Each Grantor covenants and agrees, as to itself, with Administrative Agent and the Lender Group that from and after the date of this Agreement and until the date of termination of this Agreement
in accordance with Section 23 hereof: 
 (a) Possession of Collateral. In the event that any Collateral, including
proceeds, is evidenced by or consists of Negotiable Collateral, Investment Related Property, or Chattel Paper, and if and to the extent that perfection or priority of Administrative Agent’s Security Interest is dependent on or enhanced by
possession, such Grantor, immediately upon the request of Administrative Agent and in accordance with Section 8 hereof, shall, subject to all applicable Gaming Laws, execute such other documents and instruments as shall be requested by
Administrative Agent or, if applicable, endorse and deliver physical possession of such Negotiable Collateral, Investment Related Property, or Chattel Paper to Administrative Agent or a custodian of Administrative Agent, together with such undated
powers endorsed in blank as shall be requested by Administrative Agent; 
 (b) Chattel Paper. 
 (i) Such Grantor shall take all steps necessary or desirable to grant Administrative Agent control of all electronic Chattel Paper in accordance with the
Code and all “transferable records” as that term is defined in Section 16 of the Uniform Electronic Transaction Act and Section 201 of the federal Electronic Signatures in Global and National Commerce Act as in effect in any
relevant jurisdiction; 
 (ii) If such Grantor retains possession of any Chattel Paper or instruments (which retention of possession shall
be subject to the extent permitted hereby and by the Credit Agreement), promptly upon the request of Administrative Agent, such Chattel Paper and instruments shall be marked with the following legend: “This writing and the obligations evidenced
or secured hereby are subject to the Security Interest of Private Equity Management Group Financial Corporation, a California corporation, as Administrative Agent for the benefit of the Lender Group”; 
  

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 (c) Control Agreements. 
 (i) Except to the extent otherwise permitted by the Credit Agreement, each Grantor shall obtain an authenticated Control Agreement, from each bank
holding a Deposit Account for such Grantor; 
 (ii) Except to the extent otherwise permitted by the Credit Agreement, each Grantor shall
obtain authenticated Control Agreements, from each issuer of uncertificated securities, securities intermediary, or commodities intermediary issuing or holding any financial assets or commodities to or for any Grantor; 
 (d) Letter of Credit Rights. Each Grantor that is or becomes the beneficiary of a letter of credit shall promptly (and in any event within 5
Business Days after becoming a beneficiary), notify Administrative Agent thereof and, upon the request by Administrative Agent, enter into, and use commercially reasonable efforts to cause such issuer or confirming bank to enter into, a tri-party
agreement with Administrative Agent and the issuer or confirming bank with respect to letter-of-credit rights (as that term is defined in the Code) assigning such letter-of-credit rights to Administrative Agent and directing all payments thereunder
to a deposit account designated by Administrative Agent, all in form and substance satisfactory to Administrative Agent; 
 (e) Commercial
Tort Claims. Each Grantor shall promptly (and in any event within 5 Business Days of receipt thereof), notify Administrative Agent in writing upon incurring or otherwise obtaining a Commercial Tort Claim after the date hereof against any third
party and, upon request of Administrative Agent, promptly amend Schedule 3 to this Agreement, authorize the filing of additional financing statements or amendments to existing financing statements and do such other acts or things deemed
necessary or desirable by Administrative Agent to give Administrative Agent a first priority, perfected security interest in any such Commercial Tort Claim, subject to Permitted Liens; 
 (f) Government Contracts. If any Account or Chattel Paper arises out of a contract or contracts with the United States of America or Canada or any
department, agency, or instrumentality thereof, Grantors shall promptly (and in any event within 5 Business Days of the creation thereof) notify Administrative Agent thereof in writing and take any steps reasonably required by Administrative Agent
in order that all moneys due or to become due under such contract or contracts shall be assigned to Administrative Agent, for the benefit of the Lender Group, and notice thereof given under the Assignment of Claims Act or other applicable law;

 (g) Intellectual Property. 
 (i) Upon request of Administrative Agent, in order to facilitate filings with the United States Patent and Trademark Office, the United States Copyright Office, each Grantor shall execute and deliver to Administrative Agent one or more
Copyright Security Agreements, Trademark Security Agreements, or Patent Security Agreements to evidence Administrative Agent’s Lien on such Grantor’s Patents, Trademarks, or Copyrights (limited, with respect to Copyrights only, to
registered Copyrights and all Copyrights for which an application for registration has been filed with the United States Copyright Office), and the General Intangibles of such Grantor relating thereto or represented thereby; 
 (ii) Each Grantor shall have the duty, to the extent necessary or economically desirable in the operation of such Grantor’s business, (A) to
promptly sue for infringement, misappropriation, or dilution and to recover any and all damages for such infringement, misappropriation, or dilution, (B) to prosecute diligently any trademark application or service mark application that is part
of the Trademarks pending as of the date hereof or hereafter until the termination of this Agreement, (C) to prosecute diligently 

  

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any patent application that is part of the Patents pending as of the date hereof or hereafter until the termination of this Agreement, and (D) to take
all necessary or desirable action to preserve and maintain all of such Grantor’s Patents, Trademarks, Copyrights, Intellectual Property Licenses, and its rights therein, including the filing of applications for renewal, affidavits of use,
affidavits of noncontestability and opposition and interference and cancellation proceedings. Any expenses incurred in connection with the foregoing shall be borne by the appropriate Grantor. Each Grantor further agrees (x) not to abandon any
Patent, Trademark, Copyright, or Intellectual Property License that is necessary or economically desirable in the operation of such Grantor’s business without the prior written consent of Administrative Agent, and (y) to use commercially
reasonable efforts to ensure that any Intellectual Property License entered into after the Initial Funding Date by such Grantor under which such Grantor is the licensor and that generates or, by its terms, will generate revenue for such Grantor,
permits the assignment of such agreement (and all rights of such Grantor thereunder) to the Administrative Agent (and any successors or permitted assigns of the Administrative Agent); 
 (iii) Grantors acknowledge and agree that the Lender Group shall have no duties with respect to the Trademarks, Patents, Copyrights, or Intellectual
Property Licenses. Without limiting the generality of this Section 6(g), Grantors acknowledge and agree that no member of the Lender Group shall be under any obligation to take any steps to preserve rights in the Trademarks, Patents,
Copyrights, or Intellectual Property Licenses against any other Person, but Administrative Agent may do so at its option from and after the occurrence and during the continuance of an Event of Default, and all expenses incurred in connection
therewith (including, reasonable fees and expenses of attorneys and other professionals) shall be for the sole account of Borrower and shall be chargeable to the Loan Account; 
 (iv) With respect to all Intellectual Property that is material to the conduct of Grantor’s businesses, such Grantor agrees, subject to the last
sentence of this subsection, to take all necessary or desirable steps, including making all payments and filings in connection with registration, maintenance, and renewal of Copyrights (limited, with respect to Copyrights only, to the Required
Library), Trademarks, and Patents in the United States Copyright Office, the United States Patent and Trademark Office, any other appropriate government agencies in foreign jurisdictions or in any court, to maintain all such Intellectual Property.
Such Grantor hereby agrees to take corresponding steps with respect to all new or acquired Intellectual Property (limited, with respect to Copyrights only, to the Copyrights comprising the Required Library) to which it or any of its Subsidiaries is
now or later becomes entitled that is material to the conduct of its business. Any expenses incurred in connection with such activities shall be borne solely by such Grantor. Notwithstanding the foregoing, in no event shall such Grantor, either
itself or through any agent, employee, licensee, or designee, file an application for the registration of any Copyright with the United States Copyright Office or any similar office or agency without giving Administrative Agent prior written notice
thereof or any Patent or Trademark with the United States Patent and Trademark Office or any similar office or agency without giving Administrative Agent written notice thereof promptly thereafter (and in no event later than 5 Business Days after
such filing). Promptly upon any such filing, such Grantor shall comply with Section 6(g)(i) hereof; 
 (v) Within 30 days after
the end of each calendar quarter ending after the requirements of Section 6(h) hereof are satisfied, such Grantor shall deliver to Administrative Agent documentation satisfactory to Administrative Agent identifying the Copyrights,
whether created or acquired before or after the Initial Funding Date, comprising the Required Library (including all supporting documentation relating to the determination of the composition of the Required Library), and the amount of revenue and
the percentage of the aggregate amount of revenue generated for (A) the preceding calendar quarter, and (B) the preceding twelve month period ending on the last day of such calendar quarter, in each case, by and/or arising from each such
Copyright. No more than 5 days following each such date of delivery, such Grantor shall (A) file applications and take any and all other actions necessary to 

  

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register or record a transfer of ownership, as applicable, to such Grantor on an expedited basis (if expedited processing is available in accordance with the
applicable regulations and procedures of the United States Copyright Office and any similar office of any other United States jurisdiction in which Copyrights are used) each such Copyright comprising the Required Library which on the applicable date
of delivery is not already the subject of a valid registration or an application therefor diligently prosecuted with the United States Copyright Office (or any similar office of any other United States jurisdiction in which Copyrights are used)
identifying such Grantor as the sole claimant thereof in a manner sufficient to claim in the public record (or as a co-claimant thereof, if such is the case) such Grantor’s ownership thereof, unless filing such a Copyright would waive any trade
secret rights and (B) cause to be prepared, executed, and delivered to Administrative Agent, with sufficient time to permit Administrative Agent to record no later than 5 days following the date of registration of or recordation of transfer of
ownership, as applicable, to the applicable Grantor of such Copyrights, (I) a Copyright Security Agreement or supplemental schedules to the Copyright Security Agreement reflecting the security interest of Administrative Agent in such
Copyrights, which supplemental schedules shall be in form and content suitable for recordation with the United States Copyright Office (or any similar office of any other United States jurisdiction in which Copyrights are used) so as to give
constructive notice, when so recorded, of the transfer by such Grantor to Administrative Agent of a security interest in such Copyrights and (II) any other documentation as Administrative Agent deems necessary, in its sole and absolute discretion,
in order to perfect and continue perfected Administrative Agent’s Liens on such Copyrights following such recordation; 
 (vi) Such
Grantor shall deposit with the escrow agent designated under the Source Code Escrow Agreement the Source Code, within 5 days following the date of the delivery of the documentation delivered to Administrative Agent pursuant to
Section 6(g)(v) hereof and in accordance with all other terms and conditions of the Source Code Escrow Agreement; 
 (vii)
Within 30 days after the end of each calendar quarter, such Grantor shall provide Administrative Agent with a written report of all new Copyrights (to the extent not already covered in Section 6(g)(v) hereof), Patents and Trademarks that
are registered or the subject of pending applications for registrations, which were acquired, generated or filed by such Grantor during the prior period. In the case of such registrations or applications therefor, which were acquired by such
Grantor, such Grantor shall file the necessary documents with the appropriate filing office identifying such Grantor as the sole claimant thereto in a manner sufficient to claim in the public record (or as a co-claimant thereof, if such is the case)
such Grantor’s ownership thereof. In each of the foregoing cases, such Grantor shall cause to be prepared, executed, and delivered to Administrative Agent supplemental schedules to the applicable Loan Documents to identify such Copyright,
Patent and Trademark registrations and applications therefor as being subject to the security interests created thereunder and shall comply with Section 6(g)(i) hereof; 
 (viii) Upon receipt from the United States Copyright Office of notice of registration of any Copyright(s), such Grantor shall promptly (but in no event
later than 5 days following such receipt) notify Administrative Agent of such registration by delivering, or causing to be delivered to Administrative Agent, via overnight courier, electronic mail or telefacsimile at the addresses designated in the
Credit Agreement, documentation sufficient for Administrative Agent to perfect Administrative Agent’s Liens on such Copyright(s); 
 (ix) Such Grantor shall take the actions to protect the confidentiality of the Intellectual Property Rights that are necessary or economically desirable to the conduct of its business, including (a) taking actions to protect the
secrecy and confidentiality of its confidential information and trade secrets by requiring all current employees, consultants, licensees, vendors and contractors to execute appropriate confidentiality agreements; (b) taking actions necessary to
ensure that no trade secret falls or has 

  

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fallen into the public domain; and (c) protecting the secrecy and confidentiality of the source code of all computer software programs and applications
of which it is the owner or licensee by requiring any licensees (or sublicensees) of such source code to enter into license agreements with appropriate use and non-disclosure restrictions; 
 (h) Conditions Subsequent. Promptly following the Initial Funding Date, but in any event within 90 days after the Initial Funding Date,
Administrative Agent shall have received: 
 (i) duly executed counterparts of the Source Code Escrow Agreement, 
 (ii) evidence satisfactory to the Administrative Agent that the Loan Parties shall have deposited the Source Code with the escrow agent in accordance
with the terms and conditions of the Source Code Escrow Agreement, and 
 (iii) (A) satisfactory evidence that each Grantor shall have filed
applications and taken any and all other actions necessary to register or record a transfer of ownership, as applicable, to such Grantor of each such Copyright comprising the Required Library which on the applicable date of delivery is not already
the subject of a valid registration or an application therefore diligently prosecuted with the United States Copyright Office (or any similar office of any other United States jurisdiction in which Copyrights are used) identifying such Grantor as
the sole claimant thereof in a manner sufficient to claim in the public record (or as a co-claimant thereof, if such is the case) such Grantor’s ownership thereof unless filing such a Copyright would waive any trade secret rights, and
(B) with sufficient time to permit Administrative Agent to record no later than 5 days following the date of registration of or recordation of transfer of ownership, as applicable, to the applicable Grantor of such Copyrights, (I) a
Copyright Security Agreement or supplemental schedules to the Copyright Security Agreement reflecting the security interest of Administrative Agent in such Copyrights, which supplemental schedules shall be in form and content suitable for
recordation with the United States Copyright Office (or any similar office of any other United States jurisdiction in which Copyrights are used) so as to give constructive notice, when so recorded, of the transfer by such Grantor to Administrative
Agent of a security interest in such Copyrights and (II) any other documentation as Administrative Agent deems necessary in order to perfect and continue perfected Administrative Agent’s Liens on such Copyrights following such recordation.

 (i) Investment Related Property. 
 (i) Subject to all applicable Gaming Laws, if any Grantor shall receive or become entitled to receive any Pledged Interests after the Initial Funding Date, it shall promptly (and in any event within 5 Business Days of
receipt thereof) deliver to Administrative Agent a duly executed Pledged Interests Addendum identifying such Pledged Interests; 
 (ii) Upon
the occurrence of an Event of Default and during the continuance thereof, all sums of money and property paid or distributed in respect of the Investment Related Property which are received by any Grantor shall be held by the Grantors in trust for
the benefit of Administrative Agent segregated from such Grantor’s other property, and such Grantor shall deliver such property forthwith to Administrative Agent in the exact form received; 
 (iii) Each Grantor shall promptly deliver to Administrative Agent a copy of each notice from any Gaming Authority or any Governmental Authority and each
other material written communication received by it in respect of any Pledged Interests; 
  

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 (iv) No Grantor shall make or consent to any amendment or other modification or waiver with respect to
any Pledged Interests, Pledged Operating Agreement, or Pledged Partnership Agreement, or enter into any agreement or permit to exist any restriction with respect to any Pledged Interests other than as permitted by the Loan Documents and as required
by applicable Gaming Laws; 
 (v) Each Grantor agrees that it will cooperate with Administrative Agent in obtaining all necessary approvals
and making all necessary filings under federal, state, local, or foreign law in connection with the Security Interest on the Investment Related Property or any sale or transfer thereof; 
 (vi) As to all limited liability company or partnership interests, issued under any Pledged Operating Agreement or Pledged Partnership Agreement, each
Grantor hereby represents, warrants and covenants that the Pledged Interests issued pursuant to such agreements (A) are not and shall not be dealt in or traded on securities exchanges or in securities markets, (B) do not and will not
constitute investment company securities, and (C) are not and will not be held by such Grantor in a securities account. In addition, none of the Pledged Operating Agreements, the Pledged Partnership Agreements, or any other agreements governing
any of the Pledged Interests issued under any Pledged Operating Agreement or Pledged Partnership Agreement, provide or shall provide that such Pledged Interests are securities governed by Article 8 of the Uniform Commercial Code as in effect in any
relevant jurisdiction; 
 (j) Real Property; Fixtures. Each Grantor covenants and agrees that upon the acquisition of any fee interest
in Real Property with a Current Value in excess of $100,000 it will promptly (and in any event within 5 Business Days of acquisition) notify Administrative Agent of the acquisition of such Real Property and, at the request of Administrative Agent in
its sole and absolute discretion, (A) it will grant to Administrative Agent, for the benefit of the Lender Group, a first priority Mortgage (subject to Permitted Liens) on each fee interest in Real Property now or hereafter owned by such
Grantor and shall deliver such other documentation and opinions, in form and substance satisfactory to Administrative Agent in its sole and absolute discretion, in connection with the grant of such Mortgage as Administrative Agent shall request,
including title insurance policies, financing statements, fixture filings and environmental audits and (B) it shall pay all recording costs, intangible taxes and other fees and costs (including reasonable attorneys’ fees and expenses)
incurred in connection therewith. Each Grantor acknowledges and agrees that, to the extent permitted by applicable law, all of the Collateral shall remain personal property regardless of the manner of its attachment or affixation to real property.

 (k) Transfers and Other Liens. Grantors shall not (i) sell, assign (by operation of law or otherwise) or otherwise dispose of,
or grant any option with respect to, any of the Collateral, except as expressly permitted by the Credit Agreement or the other Loan Documents, or (ii) create or permit to exist any Lien upon or with respect to any of the Collateral of any of
Grantors, except for Permitted Liens. The inclusion of Proceeds in the Collateral shall not be deemed to constitute Administrative Agent’s consent to any sale or other disposition of any of the Collateral except as expressly permitted in this
Agreement or the other Loan Documents; 
 (l) Other Actions as to Any and All Collateral. Each Grantor shall promptly (and in any
event within 5 Business Days of acquiring or obtaining such Collateral) notify Administrative Agent in writing upon acquiring or otherwise obtaining (i) any Collateral after the date hereof consisting of Trademarks, Patents, Copyrights,
Intellectual Property Licenses, Investment Related Property, Chattel Paper (electronic, tangible or otherwise), documents (as defined in the Code), promissory notes (as defined in the Code), or instruments (as defined in the Code) or (ii) any
amount payable under or in connection with any of the Collateral being or becoming evidenced after the date hereof by any Chattel Paper, documents, promissory notes, or instruments and, in each such case upon the request of Administrative Agent and
in accordance with Section 8 hereof, promptly execute such other documents, or if 

  

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applicable, deliver such Chattel Paper, other documents or certificates evidencing any Investment Related Property in accordance with Section 6
hereof, subject to all applicable Gaming Laws, and do such other acts or things deemed necessary or desirable by Administrative Agent to protect Administrative Agent’s Security Interest therein; and 
 (m) Motor Vehicles. Upon request of Administrative Agent, with respect to all motor vehicles owned by any Grantors, Grantor shall deliver to
Administrative Agent, a certificate of title for all such motor vehicles and shall cause those title certificates to be filed (with Administrative Agent’s lien noted thereon) in the appropriate state motor vehicle filing office. 
 (n) Covenants set Forth in the Credit Agreement. Each Grantor will, and will cause each of its Subsidiaries to, comply at all times with each and
every covenant applicable to such Grantor set forth in Article VI of the Credit Agreement as if set forth in full herein. 
 7. Relation
to Other Security Documents. The provisions of this Agreement shall be read and construed with the other Loan Documents referred to below in the manner so indicated. 
 (a) Credit Agreement. In the event of any conflict between any provision in this Agreement and a provision in the Credit Agreement, such provision of the Credit Agreement shall control. 
 (b) Patent, Trademark, Copyright Security Agreements. The provisions of the Copyright Security Agreements, Trademark Security Agreements, and
Patent Security Agreements are supplemental to the provisions of this Agreement, and nothing contained in the Copyright Security Agreements, Trademark Security Agreements, or the Patent Security Agreements shall limit any of the rights or remedies
of Administrative Agent hereunder. 
 8. Further Assurances. 
 (a) Each Grantor agrees that from time to time, at its own expense, such Grantor will promptly execute and deliver all further instruments and documents,
and take all further action, that may be necessary or that Administrative Agent may reasonably request, in order to perfect and protect any Security Interest granted or purported to be granted hereby or to enable Administrative Agent to exercise and
enforce its rights and remedies hereunder with respect to any of the Collateral. 
 (b) Each Grantor authorizes the filing by Administrative
Agent of financing or continuation statements, or amendments thereto, and such Grantor will execute and deliver to Administrative Agent such other instruments or notices, as may be necessary or as Administrative Agent may request, in order to
perfect and preserve the Security Interest granted or purported to be granted hereby. 
 (c) Each Grantor authorizes Administrative Agent at
any time and from time to time to file, transmit, or communicate, as applicable, financing statements and amendments (i) describing the Collateral as “all personal property of debtor” or “all assets of debtor” or words of
similar effect, (ii) describing the Collateral as being of equal or lesser scope or with greater detail, or (iii) that contain any information required by part 5 of Article 9 of the Code for the sufficiency or filing office acceptance.
Each Grantor also hereby ratifies any and all financing statements or amendments previously filed by Administrative Agent in any jurisdiction. 
  

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 (d) Each Grantor acknowledges that it is not authorized to file any financing statement or amendment or
termination statement with respect to any financing statement filed in connection with this Agreement without the prior written consent of Administrative Agent, subject to such Grantor’s rights under Section 9-509(d)(2) of the Code.

 9. Administrative Agent’s Right to Perform Contracts. Upon the occurrence and during the continuance of an Event of Default,
Administrative Agent (or its designee) may proceed to perform any and all of the obligations of any Grantor contained in any contract, lease, or other agreement and exercise any and all rights of any Grantor therein contained as fully as such
Grantor itself could. 
 10. Administrative Agent Appointed Attorney-in-Fact. Each Grantor hereby irrevocably appoints Administrative
Agent its attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, at such time as an Event of Default has occurred and is continuing, to take any action and to execute any instrument
which Administrative Agent may deem necessary or advisable to accomplish the purposes of this Agreement, including: 
 (a) to ask, demand,
collect, sue for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in connection with the Accounts or any other Collateral of such Grantor; 
 (b) to receive and open all mail addressed to such Grantor and to notify postal authorities to change the address for the delivery of mail to such
Grantor to that of Administrative Agent; 
 (c) to receive, indorse, and collect any drafts or other instruments, documents, Negotiable
Collateral or Chattel Paper; 
 (d) to file any claims or take any action or institute any proceedings which Administrative Agent may deem
necessary or desirable for the collection of any of the Collateral of such Grantor or otherwise to enforce the rights of Administrative Agent with respect to any of the Collateral; 
 (e) to repair, alter, or supply goods, if any, necessary to fulfill in whole or in part the purchase order of any Person obligated to such Grantor in
respect of any Account of such Grantor; 
 (f) to use any labels, Patents, Trademarks, trade names, URLs, domain names, industrial designs,
Copyrights, advertising matter or other industrial or intellectual property rights, in advertising for sale and selling Inventory and other Collateral and to collect any amounts due under Accounts, contracts or Negotiable Collateral of such Grantor;
and 
 (g) Administrative Agent on behalf of the Lender Group shall have the right, but shall not be obligated, to bring suit in its own name
to enforce the Trademarks, Patents, Copyrights and Intellectual Property Licenses and, if Administrative Agent shall commence any such suit, the appropriate Grantor shall, at the request of Administrative Agent, do any and all lawful acts and
execute any and all proper documents required by Administrative Agent in aid of such enforcement. 
 To the extent permitted by law, each
Grantor hereby ratifies all that such attorney-in-fact shall lawfully do or cause to be done by virtue of this Section 10. This power of attorney is coupled with an interest and shall be irrevocable until this Agreement is terminated.

 11. Administrative Agent May Perform. If any Grantor fails to perform any agreement contained herein, Administrative Agent may
itself perform, or cause performance of, such agreement, and the expenses of Administrative Agent incurred in connection therewith shall be payable, jointly and severally, by Grantors. 
  

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 12. Administrative Agent’s Duties. The powers conferred on Administrative Agent hereunder are
solely to protect Administrative Agent’s interest in the Collateral, for the benefit of the Lender Group and shall not impose any duty upon Administrative Agent to exercise any such powers. Except for the safe custody of any Collateral in its
actual possession and the accounting for moneys actually received by it hereunder, Administrative Agent shall have no duty as to any Collateral or as to the taking of any necessary steps to preserve rights against prior parties or any other rights
pertaining to any Collateral. Administrative Agent shall be deemed to have exercised reasonable care in the custody and preservation of any Collateral in its actual possession if such Collateral is accorded treatment substantially equal to that
which Administrative Agent accords its own property. 
 13. Collection of Accounts, General Intangibles and Negotiable Collateral. At
any time upon the occurrence and during the continuation of an Event of Default, Administrative Agent or Administrative Agent’s designee may (a) notify Account Debtors of any Grantor that the Accounts, General Intangibles, Chattel Paper or
Negotiable Collateral have been assigned to Administrative Agent, for the benefit of the Lender Group, or that Administrative Agent has a security interest therein, and (b) collect the Accounts, General Intangibles and Negotiable Collateral
directly, and any collection costs and expenses shall constitute part of such Grantor’s Secured Obligations under the Loan Documents. 
 14. Disposition of Pledged Interests by Administrative Agent. None of the Pledged Interests existing as of the date of this Agreement are, and none of the Pledged Interests hereafter acquired on the date of acquisition thereof will
be, registered or qualified under the various federal or state securities laws of the United States and disposition thereof after an Event of Default may be restricted to one or more private (instead of public) sales in view of the lack of such
registration. Each Grantor understands that in connection with such disposition, Administrative Agent may approach only a restricted number of potential purchasers and further understands that a sale under such circumstances may yield a lower price
for the Pledged Interests than if the Pledged Interests were registered and qualified pursuant to federal and state securities laws and sold on the open market. Each Grantor, therefore, agrees that: (a) if Administrative Agent shall, pursuant
to the terms of this Agreement, sell or cause the Pledged Interests or any portion thereof to be sold at a private sale, Administrative Agent shall have the right to rely upon the advice and opinion of any nationally recognized brokerage or
investment firm (but shall not be obligated to seek such advice and the failure to do so shall not be considered in determining the commercial reasonableness of such action) as to the best manner in which to offer the Pledged Interest or any portion
thereof for sale and as to the best price reasonably obtainable at the private sale thereof; and (b) such reliance shall be conclusive evidence that Administrative Agent has handled the disposition in a commercially reasonable manner.

 15. Voting Rights. 
 (a) Upon the occurrence and during the continuation of an Event of Default, (i) Administrative Agent may, at its option, and with 5 Business Days prior notice to any Grantor, and in addition to all rights and remedies available to
Administrative Agent under any other agreement, at law, in equity, or otherwise, exercise all voting rights, and all other ownership or consensual rights in respect of the Pledged Interests owned by such Grantor, but under no circumstances is
Administrative Agent obligated by the terms of this Agreement to exercise such rights, and (ii) if Administrative Agent duly exercises its right to vote any of such Pledged Interests, each Grantor hereby appoints Administrative Agent, such
Grantor’s true and lawful attorney-in-fact and IRREVOCABLE PROXY to vote such Pledged Interests in any manner Administrative Agent deems advisable for or against all matters submitted or which may be submitted to a vote of shareholders,
partners or members, as the case may be. The power-of-attorney granted hereby is coupled with an interest and shall be irrevocable. 
  

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 (b) For so long as any Grantor shall have the right to vote the Pledged Interests owned by it, such
Grantor covenants and agrees that it will not, without the prior written consent of Administrative Agent, vote or take any consensual action with respect to such Pledged Interests which would materially adversely affect the rights of Administrative
Agent and the other members of the Lender Group or the value of the Pledged Interests. 
 16. Remedies. Upon the occurrence and during
the continuance of an Event of Default: 
 (a) Administrative Agent may exercise in respect of the Collateral, in addition to other rights and
remedies provided for herein, in the other Loan Documents, or otherwise available to it, all the rights and remedies of a secured party on default under the Code or any other applicable law. Without limiting the generality of the foregoing, each
Grantor expressly agrees that, in any such event, Administrative Agent without demand of performance or other demand, advertisement or notice of any kind (except a notice specified below of time and place of public or private sale) to or upon any of
Grantors or any other Person (all and each of which demands, advertisements and notices are hereby expressly waived to the maximum extent permitted by the Code or any other applicable law), may take immediate possession of all or any portion of the
Collateral and (i) require Grantors to, and each Grantor hereby agrees that it will at its own expense and upon request of Administrative Agent forthwith, assemble all or part of the Collateral as directed by Administrative Agent and make it
available to Administrative Agent at one or more locations where such Grantor regularly maintains Inventory, and (ii) without notice except as specified below, sell the Collateral or any part thereof in one or more parcels at public or private
sale, at any of Administrative Agent’s offices or elsewhere, for cash, on credit, and upon such other terms as Administrative Agent may deem commercially reasonable. Each Grantor agrees that, to the extent notice of sale shall be required by
law, at least 10 days notice to any of Grantors of the time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable notification and specifically such notice shall constitute a reasonable
“authenticated notification of disposition” within the meaning of Section 9-611 of the Code. Administrative Agent shall not be obligated to make any sale of Collateral regardless of notice of sale having been given. Administrative
Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. 
 (b) Administrative Agent is hereby granted a license or other right to use, without liability for royalties or any other charge, each Grantor’s
labels, Patents, Copyrights, rights of use of any name, trade secrets, trade names, Trademarks, service marks and advertising matter, URLs, domain names, industrial designs, other industrial or intellectual property or any property of a similar
nature, whether owned by any of Grantors or with respect to which any of Grantors have rights under license, sublicense, or other agreements, as it pertains to the Collateral, in preparing for sale, advertising for sale and selling any Collateral,
and each Grantor’s rights under all licenses and all franchise agreements shall inure to the benefit of Administrative Agent. 
 (c) Any
cash held by Administrative Agent as Collateral and all cash proceeds received by Administrative Agent in respect of any sale of, collection from, or other realization upon all or any part of the Collateral shall be applied against the Secured
Obligations in the order set forth in the Credit Agreement. In the event the proceeds of Collateral are insufficient to satisfy all of the Secured Obligations in full, each Grantor shall remain jointly and severally liable for any such deficiency.

  

 -20- 








 (d) Each Grantor hereby acknowledges that the Secured Obligations arose out of a commercial transaction,
and agrees that if an Event of Default shall occur and be continuing Administrative Agent shall have the right to an immediate writ of possession without notice of a hearing. Administrative Agent shall have the right to the appointment of a receiver
for the properties and assets of each of Grantors, and each Grantor hereby consents to such rights and such appointment and hereby waives any objection such Grantors may have thereto or the right to have a bond or other security posted by
Administrative Agent. 
 17. Remedies Cumulative. Each right, power, and remedy of Administrative Agent as provided for in this
Agreement or in the other Loan Documents or now or hereafter existing at law or in equity or by statute or otherwise shall be cumulative and concurrent and shall be in addition to every other right, power, or remedy provided for in this Agreement or
in the other Loan Documents or now or hereafter existing at law or in equity or by statute or otherwise, and the exercise or beginning of the exercise by Administrative Agent, of any one or more of such rights, powers, or remedies shall not preclude
the simultaneous or later exercise by Administrative Agent of any or all such other rights, powers, or remedies. 
 18. Additional
Provisions Relating to Gaming Laws and Gaming Licenses. Each Grantor agrees that, upon the occurrence of and during the continuance of an Event of Default and at Administrative Agent’s request, it will, and will cause each of its
Subsidiaries to, promptly cooperate with the Administrative Agent with respect to the filing of its applications for approval and shall take all other and further actions required by Administrative Agent to assist Administrative Agent in obtaining
such licenses and other approvals or consents of the Nevada Gaming Authorities, the Mississippi Gaming Authorities, and any other Governmental Authorities with jurisdiction as are necessary for the Administrative Agent, to operate the businesses of
Grantor and its Subsidiaries or to acquire an interest in any Person holding any such Gaming License pursuant to the Gaming Laws. In the event such Grantor or any of its Subsidiaries fails or refuses to cooperate with the Administrative Agent in
filing such applications, such Grantor hereby irrevocably appoints and authorizes the Administrative Agent as attorney in fact of such Grantor for the purpose of preparing, signing, filing and prosecuting to final action of the applicable Gaming
Authorities any such applications. To enforce the provisions of this Section 18, Administrative Agent is also empowered to request the appointment of a receiver or similar independent person to preserve and operate the business of such
Grantor and its Subsidiaries from any court, or if applicable under the Gaming Laws, of a Gaming Authority, of competent jurisdiction. Such receiver or similar person shall be instructed to seek from the applicable Nevada Gaming Authority or
Mississippi Gaming Authority and any other Governmental Authorities with jurisdiction authorization pursuant to the Gaming Laws to continue operation of the businesses of each Grantor and its Subsidiaries under all necessary Gaming Licenses for the
purpose of seeking a bona fide purchaser of the businesses of each Grantor and its Subsidiaries. Each Grantor hereby agrees to consent to, and to cause each of its Subsidiaries to consent to such an authorization pursuant to the Gaming Laws to
continue the operation of the businesses of such Grantor and its Subsidiaries upon the request of the receiver so appointed and, if any Grantor or any such Subsidiary shall refuse to so consent, its consent may be required by the court. Upon the
occurrence and continuance of an Event of Default, each Grantor shall, and shall cause its Subsidiaries to, assist in obtaining approval of the applicable Nevada Gaming Authority or Mississippi Gaming Authority and any other Governmental Authorities
with jurisdiction, if required, for any action or transactions contemplated by this Agreement or the Loan Documents, including, preparation, execution, and filing with the applicable Nevada Gaming Authority or Mississippi Gaming Authority and any
other Governmental Authorities with jurisdiction of any application or applications for authorization pursuant to the Gaming Laws for the receiver to continue the operation of the businesses of any Grantor and its Subsidiaries under any Gaming
License or transfer of control necessary or appropriate under the applicable Gaming Laws for approval of the transfer or assignment of any portion of the Collateral. In the event any Grantor or any of its Subsidiaries fails or refuses to cooperate
with the Administrative Agent in filing such applications, such Grantor hereby 

  

 -21- 








 
irrevocably appoints and authorizes Administrative Agent as attorney in fact of such Grantor for the purpose of preparing, signing, filing and prosecuting to
final action of the applicable Gaming Authorities any such applications. Each Grantor acknowledges that the authorization pursuant to the Gaming Laws for the receiver to continue the operation of the businesses of any Grantor and its Subsidiaries
under the Gaming Licenses or for a transfer of control is integral to Administrative Agent’s realization of the value of the Collateral, that there is no adequate remedy at law for failure by each Grantor to comply with the provisions of this
Section 18 and that such failure would not be adequately compensable in damages, and therefore agrees that the agreements contained in this Section 18 may be specifically enforced. 
 19. Marshaling. Administrative Agent shall not be required to marshal any present or future collateral security (including but not limited to the
Collateral) for, or other assurances of payment of, the Secured Obligations or any of them or to resort to such collateral security or other assurances of payment in any particular order, and all of its rights and remedies hereunder and in respect
of such collateral security and other assurances of payment shall be cumulative and in addition to all other rights and remedies, however existing or arising. To the extent that it lawfully may, each Grantor hereby agrees that it will not invoke any
law relating to the marshaling of collateral which might cause delay in or impede the enforcement of Administrative Agent’s rights and remedies under this Agreement or under any other instrument creating or evidencing any of the Secured
Obligations or under which any of the Secured Obligations is outstanding or by which any of the Secured Obligations is secured or payment thereof is otherwise assured, and, to the extent that it lawfully may, each Grantor hereby irrevocably waives
the benefits of all such laws. 
 20. Indemnity and Expenses. 
 (a) Each Grantor agrees to indemnify Administrative Agent and the other members of the Lender Group from and against all claims, lawsuits and liabilities
(including reasonable attorneys fees) growing out of or resulting from this Agreement (including, enforcement of this Agreement) or any other Loan Document to which such Grantor is a party, except claims, losses or liabilities resulting from the
gross negligence or willful misconduct of the party seeking indemnification as determined by a final non-appealable order of a court of competent jurisdiction. This provision shall survive the termination of this Agreement and the Credit Agreement
and the repayment of the Secured Obligations. 
 (b) Grantors, jointly and severally, shall, upon demand, pay to Administrative Agent (or
Administrative Agent, may charge to the Loan Account) all the Lender Group costs and expenses which Administrative Agent may incur in connection with (i) the administration of this Agreement, (ii) the custody, preservation, use or
operation of, or, upon an Event of Default, the sale of, collection from, or other realization upon, any of the Collateral in accordance with this Agreement and the other Loan Documents, (iii) the exercise or enforcement of any of the rights of
Administrative Agent hereunder or (iv) the failure by any of Grantors to perform or observe any of the provisions hereof. 
 21.
Merger, Amendments; Etc. THIS WRITTEN AGREEMENT, TOGETHER WITH THE OTHER LOAN DOCUMENTS, REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE
PARTIES. THERE ARE NO UNWRITTEN AGREEMENTS BETWEEN THE PARTIES. No waiver of any provision of this Agreement, and no consent to any departure by any of Grantors herefrom, shall in any event be effective unless the same shall be in writing and signed
by Administrative Agent, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. No amendment of any provision of this Agreement shall be effective unless the same shall be in
writing and signed by Administrative Agent and each of Grantors to which such amendment applies. 
  

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 22. Addresses for Notices. All notices and other communications provided for hereunder shall be
given in the form and manner and delivered to Administrative Agent at its address specified in the Credit Agreement or Guaranty, and to any of the Grantors at their respective addresses specified in the Credit Agreement, as applicable, or, as to any
party, at such other address as shall be designated by such party in a written notice to the other party. 
 23. Continuing Security
Interest: Assignments under Credit Agreement. This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the Obligations (other than contingent indemnification
obligations and Obligations under the Warrant and the Registration Rights Agreement) have been paid in full in cash in accordance with the provisions of the Credit Agreement and the Commitments have expired or have been terminated, (b) be
binding upon each of Grantors, and their respective successors and assigns, and (c) inure to the benefit of, and be enforceable by, Administrative Agent, and its successors, transferees and assigns. Without limiting the generality of the
foregoing clause (c), any of the Lenders may, in accordance with and to the extent permitted by the provisions of the Credit Agreement, assign or otherwise transfer all or any portion of its rights and obligations under the Credit Agreement to any
other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such the Lender herein or otherwise. Upon payment in full in cash of the Obligations (other than contingent indemnification
obligations and Obligations under the Warrant and Registration Rights Agreement) in accordance with the provisions of the Credit Agreement and the expiration or termination of the Commitments, the Security Interest granted hereby and this Agreement
shall terminate and all rights to the Collateral shall revert to Grantors or any other Person entitled thereto. At such time, Administrative Agent will authorize (i) the filing of appropriate termination statements to terminate such Security
Interests, (ii) the filing of releases of its security interests or liens on the Grantors’ Patents, Copyrights, and Trademarks, and (iii) the filing of other documents reasonably requested by the Grantors which are necessary to remove
any cloud on the title on any Grantor’s Copyrights, Patents, or Trademarks which cloud was caused by the filing of any documents by Administrative Agent under this Agreement. In addition, upon any sale or other disposition by any Grantor of any
item of Collateral in compliance with the terms of the Credit Agreement and the other Loan Documents, the Security Interest granted hereby in such item and this Agreement (insofar as it applies to such item) shall terminate and all rights to such
item shall revert to Grantors or any other Person entitled thereto. At such time, Administrative Agent will authorize (i) the filing of appropriate financing statement amendments to evidence the termination of such Security Interests in such
item, (ii) the filing of releases of its security interests or liens in such item with the United States Copyright Office or United States Patent and Trademark Office, as applicable, and (iii) the filing of other documents reasonably
requested by the Grantors which are necessary to remove any cloud on the title on such item, which cloud was caused by the filing of any documents by Administrative Agent under this Agreement. No transfer or renewal, extension, assignment, or
termination of this Agreement or of the Credit Agreement, any other Loan Document, or any other instrument or document executed and delivered by any Grantor to Administrative Agent nor any additional Loans made by any Lender to Borrower, nor the
taking of further security, nor the retaking or re-delivery of the Collateral to Grantors, or any of them, by Administrative Agent, nor any other act of the Lender Group, or any of them, shall release any of Grantors from any obligation, except a
release or discharge executed in writing by Administrative Agent in accordance with the provisions of the Credit Agreement. Administrative Agent shall not by any act, delay, omission or otherwise, be deemed to have waived any of its rights or
remedies hereunder, unless such waiver is in writing and signed by Administrative Agent and then only to the extent therein set forth. A waiver by Administrative Agent of any right or remedy on any occasion shall not be construed as a bar to the
exercise of any such right or remedy which Administrative Agent would otherwise have had on any other occasion. 
 24. Governing Law.
THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (UNLESS EXPRESSLY PROVIDED TO THE CONTRARY IN ANOTHER LOAN DOCUMENT IN RESPECT OF SUCH OTHER LOAN DOCUMENT), THE 

  

 -23- 








 
CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT HEREOF AND THEREOF, AND THE RIGHTS OF THE PARTIES HERETO AND THERETO WITH RESPECT TO ALL MATTERS ARISING
HEREUNDER OR THEREUNDER OR RELATED HERETO OR THERETO SHALL BE DETERMINED UNDER, GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 25. CONSENT TO JURISDICTION; SERVICE OF PROCESS AND VENUE. ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK IN THE
COUNTY OF NEW YORK OR OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK, AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH GRANTOR HEREBY IRREVOCABLY ACCEPTS IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE
JURISDICTION OF THE AFORESAID COURTS. EACH GRANTOR HEREBY IRREVOCABLY CONSENTS TO THE SERVICE OF ANY AND ALL LEGAL PROCESS, SUMMONS, NOTICES, AND DOCUMENTS IN ANY SUIT, ACTION, OR PROCEEDING BROUGHT IN THE UNITED STATES OF AMERICA ARISING OUT OF OR
IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS BY THE MAILING (BY REGISTERED MAIL OR CERTIFIED MAIL, POSTAGE PREPAID) OR DELIVERING OF A COPY OF SUCH PROCESS TO SUCH GRANTOR, C/O THE BORROWER, AT THE BORROWER’S ADDRESS FOR
NOTICES AS SET FORTH IN SECTION 11.01 OF THE CREDIT AGREEMENT. THE GRANTORS AGREE THAT A FINAL NONAPPEALABLE JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY
OTHER MANNER PROVIDED BY LAW. NOTHING HEREIN SHALL AFFECT THE RIGHT OF THE ADMINISTRATIVE AGENT AND THE LENDERS TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANY GRANTOR IN ANY
OTHER JURISDICTION. EACH GRANTOR HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE JURISDICTION OR LAYING OF VENUE OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH
COURT REFERRED TO ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. TO THE EXTENT THAT ANY GRANTOR HAS OR HEREAFTER MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY COURT OR FROM ANY LEGAL PROCESS (WHETHER
THROUGH SERVICE OR NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION OR OTHERWISE) WITH RESPECT TO ITSELF OR ITS PROPERTY, EACH GRANTOR HEREBY IRREVOCABLY WAIVES SUCH IMMUNITY IN RESPECT OF ITS OBLIGATIONS UNDER THIS AGREEMENT AND
THE OTHER LOAN DOCUMENTS. 
 26. WAIVER OF JURY TRIAL, ETC. EACH GRANTOR AND ADMINISTRATIVE AGENT, ON BEHALF OF ITSELF AND EACH
LENDER, HEREBY WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM CONCERNING ANY RIGHTS UNDER THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS, OR UNDER ANY AMENDMENT, WAIVER, CONSENT, INSTRUMENT, DOCUMENT OR OTHER AGREEMENT
DELIVERED OR WHICH IN THE FUTURE MAY BE DELIVERED IN CONNECTION THEREWITH, OR ARISING FROM ANY FINANCING RELATIONSHIP EXISTING IN CONNECTION WITH THIS AGREEMENT, AND AGREES THAT ANY SUCH ACTION, PROCEEDINGS OR COUNTERCLAIM SHALL BE TRIED BEFORE A
COURT AND NOT BEFORE A JURY. EACH GRANTOR CERTIFIES THAT NO OFFICER, REPRESENTATIVE, AGENT OR ATTORNEY OF ADMINISTRATIVE AGENT OR ANY LENDER HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT ADMINISTRATIVE AGENT OR ANY LENDER WOULD NOT, IN THE EVENT OF
ANY ACTION, PROCEEDING OR COUNTERCLAIM, SEEK TO ENFORCE THE 

  

 -24- 








 
FOREGOING WAIVERS. EACH GRANTOR HEREBY ACKNOWLEDGES THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR ADMINISTRATIVE AGENT ENTERING INTO THIS AGREEMENT ON
BEHALF OF ITSELF AND THE LENDERS. 
 27. Compliance with Gaming Laws. Notwithstanding anything to the contrary contained herein or in
any other Loan Documents, Administrative Agent expressly acknowledges and agrees that the exercise of its rights and remedies under this Agreement is subject to the mandatory provisions of the Gaming Laws. Specifically, Administrative Agent
acknowledges and agrees that: 
 (a) The pledge by Grantors of the Investment Related Property in or of Gaming Subsidiaries, and any
restrictions on the transfer of and agreements not to encumber the Investment Related Property in or of Gaming Subsidiaries contained in this Agreement or in any other Loan Document, are not effective without the prior approval of the NGC upon the
recommendation of the NGCB or the prior approval of the Mississippi Gaming Authorities, as applicable. The certificates or instruments representing or evidencing the Investment Related Property in or of Gaming Subsidiaries may not be delivered to
Administrative Agent until such approval has been obtained. The approval of the pledge of the Investment Related Property in or of Gaming Subsidiaries may require amendment of this Agreement to include additional references to regulatory
requirements under the Gaming Laws. In addition, no amendment of this Agreement shall be effective until applicable approvals, if any, of the Nevada Gaming Authorities and the Mississippi Gaming Authorities have been obtained. 
 (b) In the event that Administrative Agent exercises one or more of the remedies set forth in this Agreement with respect to any Investment Related
Property in or of Gaming Subsidiaries, including without limitation, foreclosure or transfer of any interest in the Investment Related Property in or of Gaming Subsidiaries (except back to Grantors), the exercise of voting and consensual rights, and
any other resort to or enforcement of the security interest in the Investment Related Property in or of Gaming Subsidiaries, such action shall require the separate and prior approval of the Nevada Gaming Authorities or the Mississippi Gaming
Authorities, as applicable, and the licensing of Administrative Agent, unless such licensing requirement is waived by the Nevada Gaming Authorities or the Mississippi Gaming Authorities, as applicable. 
 (c) Administrative Agent and any custodial agent of Administrative Agent in the State of Nevada or State of Mississippi shall be required to comply with
the conditions, if any, imposed by the Nevada Gaming Authorities or Mississippi Gaming Authorities, as applicable, in connection with its approval of the pledge granted hereunder by Grantors of the Investment Related Property in or of Gaming
Subsidiaries, including, without limitation, the requirement that Administrative Agent or its agent maintain the certificates evidencing the Investment Related Property in or of Gaming Subsidiaries at a location in Nevada or Mississippi identified
to the NGCB, and that Administrative Agent or its agent permit agents or employees of the NGCB or applicable the Mississippi Gaming Authorities to inspect such certificates immediately upon request during normal business hours. 
 (d) Neither Administrative Agent nor any agent of Administrative Agent shall surrender possession of any Investment Related Property in or of Gaming
Subsidiaries to any Person other than Grantors without the prior approval of the Nevada Gaming Authorities or the Mississippi Gaming Authorities, as applicable, or as otherwise permitted by the Gaming Laws. 
 (e) The approval by the Nevada Gaming Authorities and Mississippi Gaming Authorities of this Agreement, or any amendment hereto, is not, and shall not be
construed as, the approval, either express or implied, of Administrative Agent to take any actions provided for in this Agreement for which approval by the Nevada Gaming Authorities and Mississippi Gaming Authorities is required, without first
obtaining such prior and separate approval, to the extent required by the Gaming Laws. 
  

 -25- 








 (f) Administrative Agent will timely apply for and receive all required approvals of the applicable
Nevada Gaming Authority or Mississippi Gaming Authority for the sale or other disposition of gaming equipment regulated by the Gaming Laws (including any such sale or disposition of gaming equipment consisting of slot machines, gaming tables, cards,
dice, gaming chips, player tracking systems, and all other “gaming devices” (as such term or words of like import referring thereto are defined in the Gaming Laws), and “associated equipment” (as such term or words of like import
referring thereto are defined in the Gaming Laws)). 
 28. New Subsidiaries. Pursuant to Section 6.01(b) of the Credit
Agreement and subject to the exclusions contained therein, any new direct or indirect Subsidiary (whether by acquisition or creation) of any Grantor is required to enter into this Agreement by executing and delivering in favor of Administrative
Agent an instrument in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a
Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full
force and effect notwithstanding the addition of any new Grantor hereunder. 
 29. Administrative Agent. Each reference herein to any
right granted to, benefit conferred upon or power exercisable by the “Administrative Agent” shall be a reference to Administrative Agent, for the benefit of the Lender Group. 
 30. Miscellaneous. 
 (a) This
Agreement may be executed in any number of counterparts and by different parties on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one
and the same Agreement. Delivery of an executed counterpart of this Agreement by telefacsimile or other electronic method of transmission shall be equally as effective as delivery of an original executed counterpart of this Agreement. Any party
delivering an executed counterpart of this Agreement by telefacsimile or other electronic method of transmission also shall deliver an original executed counterpart of this Agreement but the failure to deliver an original executed counterpart shall
not affect the validity, enforceability, and binding effect of this Agreement. The foregoing shall apply to each other Loan Document mutatis mutandis. 
 (b) Any provision of this Agreement which is prohibited or unenforceable shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof in that
jurisdiction or affecting the validity or enforceability of such provision in any other jurisdiction. 
 (c) Headings used in this Agreement
are for convenience only and shall not be used in connection with the interpretation of any provision hereof. 
 (d) The pronouns used herein
shall include, when appropriate, either gender and both singular and plural, and the grammatical construction of sentences shall conform thereto. 
 (e) Unless the context of this Agreement or any other Loan Document clearly requires otherwise, the definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any
pronoun shall 

  

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include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be deemed
to be followed by the phrase “without limitation,” whether or not so expressly stated in each such instance and the term “or” has, except where otherwise indicated, the inclusive meaning represented by the phrase
“and/or.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise, (a) any definition of or reference to any agreement, instrument or other
document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth
herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be
construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and
Schedules to, this Agreement and (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash,
securities, accounts and contract rights. References in this Agreement to “determination” by Administrative Agent include estimates honestly made by Administrative Agent (in the case of quantitative determinations) and beliefs honestly
held by Administrative Agent (in the case of qualitative determinations). Any reference herein or in any other Loan Document to the satisfaction or repayment in full of the Secured Obligations shall mean the repayment in full in cash (or cash
collateralization in accordance with the terms hereof) of all Secured Obligations (other than unasserted contingent indemnification Secured Obligations, unasserted, contingent Obligations under the Registration Rights Agreement and Obligations under
the Securities). Any requirement of a writing contained herein or in any other Loan Document shall be satisfied by the transmission of a Record and any Record so transmitted shall constitute a representation and warranty as to the accuracy and
completeness of the information contained therein. 
 [Signature Pages Follow] 
  

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 IN WITNESS WHEREOF, the undersigned parties hereto have executed this Agreement by and through their duly
authorized officers, as of the day and year first above written. 
  

					
	GRANTORS:	 	PGIC NV,
		 	a Nevada corporation
			
		 	By:	 	 /s/ RUSSEL H. MCMEEKIN

		 	Name:	 	 Russel H. McMeekin

		 	Title:	 	 President and Chief Executive Officer

		
		 	MGC, INC.,
		 	a Nevada corporation
			
		 	By:	 	 /s/ RUSSEL H. MCMEEKIN

		 	Name:	 	 Russel H. McMeekin

		 	Title:	 	 President and Chief Executive Officer

		
		 	PROGRESSIVE GAMES, INC.,
		 	a Delaware corporation
			
		 	By:	 	 /s/ RUSSEL H. MCMEEKIN

		 	Name:	 	 Russel H. McMeekin

		 	Title:	 	 President and Chief Executive Officer

		
		 	GAMES OF NEVADA, INC.,
		 	a Nevada corporation
			
		 	By:	 	 /s/ RUSSEL H. MCMEEKIN

		 	Name:	 	 Russel H. McMeekin

		 	Title:	 	 President and Chief Executive Officer

		
		 	VIKING MERGER SUBSIDIARY, LLC,
		 	a Delaware limited liability company
			
		 	By:	 	 /s/ RUSSEL H. MCMEEKIN

		 	Name:	 	 Russel H. McMeekin

		 	Title:	 	 President and Chief Executive Officer

		
		 	PRIMELINE GAMING TECHNOLOGIES, INC.,
		 	a California corporation
			
		 	By:	 	 /s/ RUSSEL H. MCMEEKIN

		 	Name:	 	 Russel H. McMeekin

		 	Title:	 	 President and Chief Executive Officer


  


					
		  	S-1	  	GUARANTOR SECURITY AGREEMENT










					
		 	 MIKOHN INTERNATIONAL, INC.,
 a
Nevada corporation

			
		 	By:	 	 /s/ RUSSEL H. MCMEEKIN

		 	Name:	 	 Russel H. McMeekin

		 	Title:	 	 President and Chief Executive Officer

		
		 	 MIKOHN HOLDINGS, INC.,
 a Nevada
corporation

			
		 	By:	 	 /s/ RUSSEL H. MCMEEKIN

		 	Name:	 	 Russel H. McMeekin

		 	Title:	 	 President and Chief Executive Officer

		
		 	 ENDX, INC. (USA),
 a Nevada
corporation

			
		 	By:	 	 /s/ RUSSEL H. MCMEEKIN

		 	Name:	 	 Russel H. McMeekin

		 	Title:	 	 President and Chief Executive Officer

		
		 	PGI (MACAO) LIMITED, a Macau limited liability company
			
		 	By:	 	 /s/ HEATHER A. ROLLO

		 	Name:	 	 Heather A. Rollo

		 	Title:	 	 Treasurer

		
		 	PGIC HOLDINGS, LIMITED, a private limited company organized under the laws of England and Wales
			
		 	By:	 	 /s/ HEATHER A. ROLLO

		 	Name:	 	 Heather A. Rollo

		 	Title:	 	 Treasurer

		
		 	PROGRESSIVE GAMING INTERNATIONAL (GROUP)
		 	LTD., a private limited company organized under the laws of
		 	England and Wales
			
		 	By:	 	 /s/ HEATHER A. ROLLO

		 	Name:	 	 Heather A. Rollo

		 	Title:	 	 Treasurer

		
		 	PROGRESSIVE GAMING INTERNATIONAL (UK)
		 	LTD., a private limited company organized under the laws of
		 	England and Wales
			
		 	By:	 	 /s/ HEATHER A. ROLLO

		 	Name:	 	 Heather A. Rollo

		 	Title:	 	 Treasurer


  


					
		  	S-2	  	GUARANTOR SECURITY AGREEMENT










					
	Accepted and Agreed:	  		 	
		
	ADMINISTRATIVE AGENT:	  	PRIVATE EQUITY MANAGEMENT GROUP
		  	FINANCIAL CORPORATION, a California corporation,
		  	as Administrative Agent
			
		  	By:	 	 /s/ ANDREW SHAYNE

		  	Name:	 	 Andrew Shayne

		  	Title:	 	 President

			
		  	By:	 	 /s/ PETER PAUL MENDEL

		  	Name:	 	  
 Peter Paul Mendel

		  	Title:	 	 Managing Director and Chief Compliance Officer


  


					
		  	S-3	  	GUARANTOR SECURITY AGREEMENT









 SCHEDULE 1 
 INTELLECTUAL PROPERTY 
 [SEE ATTACHED] 
  

 -1- 








 SCHEDULE 2 
 PLEDGED COMPANIES 
  

											
	 Name of Grantor
	 	 Name of Pledged
 Company
	 	 Number of
 Shares/Units
	 	 Class of
 Interests
	 	 Percentage
 of Class
 Owned
	 	 Certificate
 Nos.

		 		 		 		 		 	
		 		 		 		 		 	
		 		 		 		 		 	
		 		 		 		 		 	
		 		 		 		 		 	
		 		 		 		 		 	
		 		 		 		 		 	
		 		 		 		 		 	
		 		 		 		 		 	
		 		 		 		 		 	
		 		 		 		 		 	
		 		 		 		 		 	
		 		 		 		 		 	
		 		 		 		 		 	
		 		 		 		 		 	

  

 -1- 








 SCHEDULE 3 
 COMMERCIAL TORT CLAIMS 
 [include specific case caption or descriptions per Official Code Comment 5 to
Section 9-108 of the Code] 
  

 -1- 








 SCHEDULE 4 
 OWNED REAL PROPERTY 
 NONE. 
  


 -1- 








 SCHEDULE 5 
 LIST OF UNIFORM COMMERCIAL CODE FILING JURISDICTIONS 
 Grantor
                 Jurisdictions 
  

 -1- 








 SCHEDULE 6 
 OWNED MOTOR VEHICLES 
 [SEE ATTACHED] 
  

 -1- 








 ANNEX 1 TO SECURITY AGREEMENT 
 FORM OF SUPPLEMENT 
 Supplement No.          (this
“Supplement”) dated as of                     , 20    , to the Security Agreement dated as of
                    , 2008 (as amended, restated, supplemented or otherwise modified from time to time, the “Security
Agreement”), by each of the parties listed on the signature pages thereto and those additional entities that thereafter become parties thereto (collectively, jointly and severally, “Grantors” and each individually
“Grantor”), and PRIVATE EQUITY MANAGEMENT GROUP FINANCIAL CORPORATION, a California corporation, in its capacity as administrative agent for the Lender Group (together with its successors and assigns, if any, in such capacity
“Administrative Agent”). 
 W I T N E S S E T H: 
 WHEREAS, pursuant to that certain Credit Agreement dated as of August 4, 2008 (as amended, restated, supplemented or otherwise modified from time to
time, including all exhibits and schedules thereto, the “Credit Agreement”) Progressive Gaming International Corporation, a Nevada corporation (“Borrower”), each Subsidiary of the Borrower listed as a
“Guarantor” on the signature pages thereto (such Subsidiaries, together with any additional entities that become guarantors pursuant to the requirements of Section 6.01(b) thereof or otherwise, each a
“Guarantor” and collectively, jointly and severally, the “Guarantors”), the lenders that are, from time to time, parties thereto (each a “Lender” and collectively, the “Lenders”)
and Administrative Agent, the Lender Group is willing to make certain financial accommodations available to Borrower from time to time pursuant to the terms and conditions thereof; 
 WHEREAS, capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Security Agreement or the
Credit Agreement; and 
 WHEREAS, Grantors have entered into the Security Agreement in order to induce the Lender Group to make certain
financial accommodations to Borrower; and 
 WHEREAS, pursuant to Section 6.01(b) of the Credit Agreement and subject to the
exclusions set forth therein, new direct or indirect Subsidiaries of Borrower, must execute and deliver certain Loan Documents, including the Security Agreement, and the execution of the Security Agreement by the undersigned new Grantor or Grantors
(collectively, the “New Grantors”) may be accomplished by the execution of this Supplement in favor of Administrative Agent, for the benefit of the Lender Group; 
 NOW, THEREFORE, for and in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, each New Grantor hereby agrees as follows: 
 1. In accordance with Section 28 of the Security Agreement, each New
Grantor, by its signature below, becomes a “Grantor” under the Security Agreement with the same force and effect as if originally named therein as a “Grantor” and each New Grantor hereby (a) agrees to all of the terms and
provisions of the Security Agreement applicable to it as a “Grantor” thereunder and (b) represents and warrants that the representations and warranties made by it as a “Grantor” thereunder are true and correct on and as of
the date hereof. In furtherance of the foregoing, each New Grantor, as security for the payment and performance in full of the Secured Obligations, does hereby grant, assign, and pledge to Administrative Agent, for the benefit of the Lender Group, a
security interest in and security title to all assets of such New Grantor including, all property of the type described in Section 2 of the Security Agreement to secure the full and prompt payment of the Secured Obligations, including,
any interest thereon, plus reasonable 

  

 -1- 








 
attorneys’ fees and expenses if the Secured Obligations represented by the Security Agreement are collected by law, through an attorney-at-law, or under
advice therefrom. Schedule 1, “Intellectual Property”, Schedule 2, “Pledged Companies”, Schedule 3, “Commercial Tort Claims”, Schedule 4, “Owned Real Property,” Schedule 5,
“List of Uniform Commercial Code Filing Jurisdictions,” and Schedule 6, “Owned Motor Vehicles” attached hereto supplement Schedule 1, Schedule 2, Schedule 3, Schedule 4, Schedule 5, and
Schedule 6 respectively, to the Security Agreement and shall be deemed a part thereof for all purposes of the Security Agreement. Each reference to a “Grantor” in the Security Agreement shall be deemed to include each New Grantor.
The Security Agreement is incorporated herein by reference. 
 2. Each New Grantor represents and warrants to Administrative Agent and the
Lender Group that this Supplement has been duly executed and delivered by such New Grantor and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as enforceability thereof may be limited
by bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium or other similar laws affecting creditors’ rights generally and general principles of equity (regardless of whether such enforceability is considered in a proceeding at
law or in equity). 
 3. This Supplement may be executed in multiple counterparts, each of which shall be deemed to be an original, but all
such separate counterparts shall together constitute but one and the same instrument. Delivery of a counterpart hereof by facsimile transmission or by e-mail transmission shall be as effective as delivery of a manually executed counterpart hereof.

 4. Except as expressly supplemented hereby, the Security Agreement shall remain in full force and effect. 
 5. This Supplement shall be construed in accordance with and governed by the laws of the State of New York, without regard to the conflict of laws
principles thereof. 
 [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 
  

 -2- 








 IN WITNESS WHEREOF, each New Grantor and Administrative Agent have duly executed this Supplement to the
Security Agreement as of the day and year first above written. 
  

					
	NEW GRANTORS:	 	[Name of New Grantor]
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

		
		 	[Name of New Grantor]
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

		
	ADMINISTRATIVE AGENT:	 	PRIVATE EQUITY MANAGEMENT GROUP FINANCIAL CORPORATION, a California corporation, as Administrative Agent
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  


  

 -3- 








 EXHIBIT A 
  

COPYRIGHT SECURITY AGREEMENT 
 This COPYRIGHT SECURITY AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, including all exhibits and schedules hereto, this “Copyright Security Agreement”) is made as of this
     day of                     , 200    , among Grantors listed on the signature pages
hereof (collectively, jointly and severally, “Grantors” and each individually “Grantor”), and PRIVATE EQUITY MANAGEMENT GROUP FINANCIAL CORPORATION, a California corporation, in its capacity as administrative agent
for the Lender Group (together with its successors and assigns, if any, in such capacity “Administrative Agent”). 
 W
I T N E S S E T H: 
 WHEREAS, pursuant to that certain Credit Agreement dated
as of August 4, 2008 (as amended, restated, supplemented or otherwise modified from time to time, including all exhibits and schedules thereto, the “Credit Agreement”), Progressive Gaming International Corporation, a Nevada
corporation (“Borrower”), each Subsidiary of the Borrower listed as a “Guarantor” on the signature pages thereto (such Subsidiaries, together with any additional entities that become guarantors pursuant to the requirements
of Section 6.01(b) thereof or otherwise, each a “Guarantor” and collectively, jointly and severally, the “Guarantors”), the lenders that are, from time to time, parties thereto (each a
“Lender” and collectively, the “Lenders”), and Administrative Agent, the Lender Group is willing to make certain financial accommodations available to Borrower from time to time pursuant to the terms and conditions
thereof; 
 WHEREAS, the members of the Lender Group are willing to make the financial accommodations to Borrower as provided for in the
Credit Agreement, but only upon the condition, among others, that Grantors shall have executed and delivered to Administrative Agent, for the benefit of the Lender Group, that certain Security Agreement dated as of August 15, 2008 (including
all annexes, exhibits or schedules thereto, as from time to time amended, restated, supplemented or otherwise modified, the “Security Agreement”); and 
 WHEREAS, pursuant to the Security Agreement, the Grantors are required to execute and deliver to Administrative Agent, for the benefit of the Lender Group, this Copyright Security Agreement; 
 NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Grantors hereby agree as follows: 
 1. DEFINED TERMS. All capitalized terms used but not
otherwise defined herein have the meanings given to them in the Security Agreement or the Credit Agreement. 
 2. GRANT OF SECURITY
INTEREST IN COPYRIGHT COLLATERAL. Each Grantor hereby grants to Administrative Agent, for the benefit of the Lender Group, a continuing first priority security interest (subject to Permitted Liens) in all of such Grantor’s right, title and
interest in, to and under the following, whether presently existing or hereafter created or acquired (collectively, the “Copyright Collateral”): 
 (a) all of such Grantor’s Copyrights and Copyright Intellectual Property Licenses to which it is a party including those referred to on Schedule I hereto; 
  

 -1- 








 (b) all goodwill, trade secrets, proprietary or confidential information, technical information,
procedures, formulae, quality control standards, designs, operating and training manuals, customer lists, and other General Intangibles with respect to the foregoing; 
 (c) all reissues, continuations or extensions of the foregoing; and 
 (d) all products and proceeds of the
foregoing, including, any claim by such Grantor against third parties for past, present or future infringement or dilution of any Copyright or any Copyright licensed under any Intellectual Property License. 
 The foregoing to the contrary notwithstanding, “Copyright Collateral” shall not include the Excluded Assets. 
 3. SECURITY FOR OBLIGATIONS. This Copyright Security Agreement and the security interest created hereby secures the payment and performance of all
the Secured Obligations, whether now existing or arising hereafter. Without limiting the generality of the foregoing, this Copyright Security Agreement secures the payment of all amounts which constitute part of the Secured Obligations and would be
owed by Grantors, or any of them, to Administrative Agent, the Lender Group, or any of them, whether or not they are unenforceable or not allowable due to the existence of an Insolvency Proceeding involving any Grantor. 
 4. SECURITY AGREEMENT. The security interests granted pursuant to this Copyright Security Agreement are granted in conjunction with the security
interests granted to Administrative Agent, for the benefit of the Lender Group, pursuant to the Security Agreement. Each Grantor hereby acknowledges and affirms that the rights and remedies of Administrative Agent with respect to the security
interest in the Copyright Collateral made and granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. 
 5. AUTHORIZATION TO SUPPLEMENT. Grantors shall give Administrative Agent prompt notice in writing of any additional United States copyright
registrations or applications therefor after the date hereof. Grantors hereby authorize Administrative Agent unilaterally to modify this Agreement by amending Schedule I to include any future United States registered copyrights or
applications therefor of Grantors. Notwithstanding the foregoing, no failure to so modify this Copyright Security Agreement or amend Schedule I shall in any way affect, invalidate or detract from Administrative Agent’s continuing
security interest in all Collateral, whether or not listed on Schedule I. 
 6. COUNTERPARTS. This Copyright Security Agreement
may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such separate counterparts shall together constitute but one and the same instrument. In proving this Copyright Security Agreement or any other
Loan Document in any judicial proceedings, it shall not be necessary to produce or account for more than one such counterpart signed by the party against whom such enforcement is sought. Any signatures delivered by a party by facsimile transmission
or by e-mail transmission shall be deemed an original signature hereto. 
 [SIGNATURE PAGE FOLLOWS] 
  

 -2- 








 IN WITNESS WHEREOF, each Grantor has caused this Copyright Security Agreement to be executed and
delivered by its duly authorized officer as of the date first set forth above. 
  

					
	GRANTORS:	 	PGIC NV,
		 	a Nevada corporation
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

		
		 	MGC, INC.,
		 	a Nevada corporation
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

		
		 	PROGRESSIVE GAMES, INC.,
		 	a Delaware corporation
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

		
		 	GAMES OF NEVADA, INC.,
		 	a Nevada corporation
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

		
		 	VIKING MERGER SUBSIDIARY, LLC,
		 	a Delaware limited liability company
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

		
		 	PRIMELINE GAMING TECHNOLOGIES, INC.,
		 	a California corporation
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  


  


					
		 	 S-1
	  	 COPYRIGHT SECURITY
 AGREEMENT (GUARANTORS)











			
	MIKOHN INTERNATIONAL, INC.,
	a Nevada corporation
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	 MIKOHN HOLDINGS, INC.,
 a Nevada
corporation

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	 ENDX, INC. (USA),
 a Nevada
corporation

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	PGI (MACAO) LIMITED, a Macau limited liability company
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	PGIC HOLDINGS, LIMITED, a private limited company organized under the laws of England and Wales
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	PROGRESSIVE GAMING INTERNATIONAL (GROUP) LTD., a private limited company organized under the laws of England and Wales
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	PROGRESSIVE GAMING INTERNATIONAL (UK) LTD., a private limited company organized under the laws of England and Wales
		
	By:	 	  

	Name:	 	  

	Title:	 	  



  


					
		  	S-2	  	 COPYRIGHT SECURITY
 AGREEMENT (GUARANTORS)











					
	ADMINISTRATIVE AGENT:	 	PRIVATE EQUITY MANAGEMENT GROUP FINANCIAL CORPORATION, a California corporation, as Administrative Agent
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  


  


					
		  	S-3	  	 COPYRIGHT SECURITY
 AGREEMENT (GUARANTORS)










 SCHEDULE I 
 TO 
 COPYRIGHT SECURITY AGREEMENT 
 COPYRIGHT REGISTRATIONS 
  

									
	 Grantor
	 	 Country
	 	 Copyright
	  	 Registration No.
	  	 Registration Date

		 		 		  		  	
		 		 		  		  	
		 		 		  		  	

 Copyright Licenses 
  

 -1- 








 EXHIBIT B 
 PATENT SECURITY AGREEMENT 
 This PATENT SECURITY AGREEMENT (as amended, restated, supplemented
or otherwise modified from time to time, including all exhibits and schedules hereto, this “Patent Security Agreement”) is made this              day of
                    , 200  , among Grantors listed on the signature pages hereof (collectively, jointly and severally,
“Grantors” and each individually “Grantor”), and PRIVATE EQUITY MANAGEMENT GROUP FINANCIAL CORPORATION, a California corporation, in its capacity as administrative agent for the Lender Group (together with its
successors and assigns, if any, in such capacity “Administrative Agent”). 
 W I T N E S S E T H: 
 WHEREAS, pursuant to that certain Credit Agreement dated as of August 4, 2008 (as amended, restated, supplemented or otherwise modified from time to
time, including all exhibits and schedules thereto, the “Credit Agreement”), Progressive Gaming International Corporation, a Nevada corporation (“Borrower”), each Subsidiary of the Borrower listed as a
“Guarantor” on the signature pages thereto (such Subsidiaries, together with any additional entities that become guarantors pursuant to the requirements of Section 6.01(b) thereof or otherwise, each a
“Guarantor” and collectively, jointly and severally, the “Guarantors”), the lenders that are, from time to time, parties thereto (each a “Lender” and collectively, the “Lenders”),
and Administrative Agent, the Lender Group is willing to make certain financial accommodations available to Borrower from time to time pursuant to the terms and conditions thereof; 
 WHEREAS, the members of Lender Group are willing to make the financial accommodations to Borrower as provided for in the Credit Agreement, but only upon
the condition, among others, that the Grantors shall have executed and delivered to Administrative Agent, for the benefit of the Lender Group, that certain Security Agreement dated as of August 15, 2008 (including all annexes, exhibits or
schedules thereto, as from time to time amended, restated, supplemented or otherwise modified, the “Security Agreement”); and 
 WHEREAS, pursuant to the Security Agreement, Grantors are required to execute and deliver to Administrative Agent, for the benefit of the Lender Group, this Patent Security Agreement; 
 NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, each Grantor hereby agrees as follows: 
 1. DEFINED TERMS. All capitalized terms used
but not otherwise defined herein have the meanings given to them in the Security Agreement or the Credit Agreement. 
 2. GRANT OF
SECURITY INTEREST IN PATENT COLLATERAL. Each Grantor hereby grants to Administrative Agent, for the benefit of the Lender Group, a continuing first priority security interest (subject to Permitted Liens) in all of such Grantor’s right,
title and interest in, to and under the following, whether presently existing or hereafter created or acquired (collectively, the “Patent Collateral”): 
 (a) all of its Patents and Patent Intellectual Property Licenses to which it is a party including those referred to on Schedule I hereto; 
  

 -1- 








 (b) all goodwill, trade secrets, proprietary or confidential information, technical information,
procedures, formulae, quality control standards, designs, operating and training manuals, customer lists, and other General Intangibles with respect to the foregoing; 
 (c) all reissues, continuations or extensions of the foregoing; and 
 (d) all products and proceeds of the
foregoing, including, any claim by such Grantor against third parties for past, present or future infringement or dilution of any Patent or any Patent licensed under any Intellectual Property License. 
 The foregoing to the contrary notwithstanding, “Patent Collateral” shall not include the Excluded Assets. 
 3. SECURITY FOR OBLIGATIONS. This Patent Security Agreement and the security interest created hereby secures the payment and performance of all
the Secured Obligations, whether now existing or arising hereafter. Without limiting the generality of the foregoing, this Patent Security Agreement secures the payment of all amounts which constitute part of the Secured Obligations and would be
owed by Grantors, or any of them, to Administrative Agent, the Lender Group, or any of them, whether or not they are unenforceable or not allowable due to the existence of an Insolvency Proceeding involving any Grantor. 
 4. SECURITY AGREEMENT. The security interests granted pursuant to this Patent Security Agreement are granted in conjunction with the security
interests granted to Administrative Agent, for the benefit of the Lender Group, pursuant to the Security Agreement. Each Grantor hereby acknowledges and affirms that the rights and remedies of Administrative Agent with respect to the security
interest in the Patent Collateral made and granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. 
 5. AUTHORIZATION TO SUPPLEMENT. If any Grantor shall obtain rights to any new patentable inventions or become entitled to the benefit of any
patent application or patent for any reissue, division, or continuation, of any patent, the provisions of this Patent Security Agreement shall automatically apply thereto, subject to the terms of the Security Agreement. Grantors shall give prompt
notice in writing to Administrative Agent with respect to any such new patent rights as provided in the Security Agreement. Without limiting Grantors’ obligations under this Section 5, Grantors hereby authorize Administrative Agent
unilaterally to modify this Agreement by amending Schedule I to include any such new United States or foreign patent rights of Grantors. Notwithstanding the foregoing, no failure to so modify this Patent Security Agreement or amend
Schedule I shall in any way affect, invalidate or detract from Administrative Agent’s continuing security interest in all Collateral, whether or not listed on Schedule I. 
 6. COUNTERPARTS. This Patent Security Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original,
but all such separate counterparts shall together constitute but one and the same instrument. In proving this Patent Security Agreement or any other Loan Document in any judicial proceedings, it shall not be necessary to produce or account for more
than one such counterpart signed by the party against whom such enforcement is sought. Any signatures delivered by a party by facsimile transmission or by e-mail transmission shall be deemed an original signature hereto. 
 [SIGNATURE PAGE FOLLOWS] 
  

 -2- 








 IN WITNESS WHEREOF, each Grantor has caused this Patent Security Agreement to be executed and delivered
by its duly authorized officer as of the date first set forth above. 
  

					
	GRANTORS:	 	PGIC NV,
		 	a Nevada corporation
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

		
		 	MGC, INC.,
		 	a Nevada corporation
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

		
		 	PROGRESSIVE GAMES, INC.,
		 	a Delaware corporation
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

		
		 	GAMES OF NEVADA, INC.,
		 	a Nevada corporation
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

		
		 	VIKING MERGER SUBSIDIARY, LLC,
		 	a Delaware limited liability company
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

		
		 	PRIMELINE GAMING TECHNOLOGIES, INC.,
		 	a California corporation
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  


  


					
		  	S-1	  	 PATENT SECURITY
 AGREEMENT (GUARANTORS)











			
	MIKOHN INTERNATIONAL, INC.,
	a Nevada corporation
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	 MIKOHN HOLDINGS, INC.,
 a Nevada
corporation

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	 ENDX, INC. (USA),
 a Nevada
corporation

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	PGI (MACAO) LIMITED, a Macau limited liability company
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	PGIC HOLDINGS, LIMITED, a private limited company organized under the laws of England and Wales
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	PROGRESSIVE GAMING INTERNATIONAL (GROUP) LTD., a private limited company organized under the laws of England and Wales
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	PROGRESSIVE GAMING INTERNATIONAL (UK) LTD., a private limited company organized under the laws of England and Wales
		
	By:	 	  

	Name:	 	  

	Title:	 	  



  


					
		  	S-2	  	 PATENT SECURITY
 AGREEMENT (GUARANTORS)











					
	ADMINISTRATIVE AGENT:	 	PRIVATE EQUITY MANAGEMENT GROUP FINANCIAL CORPORATION, a California corporation, as Administrative Agent
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  


  


					
		  	S-3	  	 PATENT SECURITY
 AGREEMENT (GUARANTORS)










 EXHIBIT C 
 PLEDGED INTERESTS ADDENDUM 
 This Pledged Interests Addendum, dated as of
                     , 200    , is delivered pursuant to Section 6 of the Security Agreement
referred to below. The undersigned hereby agrees that this Pledged Interests Addendum may be attached to that certain Security Agreement dated as of
                    , 2008 (as amended, restated, supplemented or otherwise modified from time to time, the “Security
Agreement”), made by the undersigned, together with the other Grantors named therein, to PRIVATE EQUITY MANAGEMENT GROUP FINANCIAL CORPORATION, a California corporation, as Administrative Agent. Initially capitalized terms used but not
defined herein shall have the meaning ascribed to such terms in the Security Agreement or the Credit Agreement. The undersigned hereby agrees that the additional interests listed on this Pledged Interests Addendum as set forth below shall be and
become part of the Pledged Interests pledged by the undersigned to the Administrative Agent in the Security Agreement and any pledged company set forth on this Pledged Interests Addendum as set forth below shall be and become a “Pledged
Company” under the Security Agreement, each with the same force and effect as if originally named therein. 
 The undersigned hereby
certifies that the representations and warranties set forth in Section 5 of the Security Agreement of the undersigned are true and correct as to the Pledged Interests listed herein on and as of the date hereof. 
  

			
	[                                       
     ]
		
	By:	 	  

		
	Name:	 	  

		
	Title	 	  



  

 -1- 









											
	 Name of Grantor
	 	 Name of Pledged
Company
	 	 Number of
 Shares/Units
	 	 Class of
 Interests
	 	 Percentage
 of Class
 Owned
	 	 Certificate
 Nos.

		 		 		 		 		 	
		 		 		 		 		 	
		 		 		 		 		 	

  

 -1- 








 EXHIBIT D 
 TRADEMARK SECURITY AGREEMENT 
 This TRADEMARK SECURITY AGREEMENT (as amended, restated,
supplemented or otherwise modified from time to time, including all exhibits and schedules hereto, this “Trademark Security Agreement”) is made this          day of
            , 200    , among Grantors listed on the signature pages hereof (collectively, jointly and severally, “Grantors” and each
individually “Grantor”), and PRIVATE EQUITY MANAGEMENT GROUP FINANCIAL CORPORATION, a California corporation, in its capacity as administrative agent for the Lender Group (together with its successors and assigns, if any, in such
capacity “Administrative Agent”). 
 W I T N E S S E T H: 
 WHEREAS, pursuant to that certain Credit Agreement dated as of August 4, 2008 (as amended, restated, supplemented or otherwise modified from time to
time, including all exhibits and schedules thereto, the “Credit Agreement”), Progressive Gaming International Corporation, a Nevada corporation (“Borrower”), each Subsidiary of the Borrower listed as a
“Guarantor” on the signature pages thereto (such Subsidiaries, together with any additional entities that become guarantors pursuant to the requirements of Section 6.01(b) thereof or otherwise, each a
“Guarantor” and collectively, jointly and severally, the “Guarantors”), the lenders that are, from time to time, parties thereto (each a “Lender” and collectively, the “Lenders”),
and Administrative Agent, the Lender Group is willing to make certain financial accommodations available to Borrower from time to time pursuant to the terms and conditions thereof; 
 WHEREAS, the members of the Lender Group are willing to make the financial accommodations to Borrower as provided for in the Credit Agreement, but only
upon the condition, among others, that Grantors shall have executed and delivered to Administrative Agent, for the benefit of the Lender Group, that certain Security Agreement dated as of August 15, 2008 (including all annexes, exhibits or
schedules thereto, as from time to time amended, restated, supplemented or otherwise modified, the “Security Agreement”); and 
 WHEREAS, pursuant to the Security Agreement, Grantors are required to execute and deliver to Administrative Agent, for the benefit of Lender Group, this Trademark Security Agreement; 
 NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, each Grantor hereby agrees as follows: 
 1. DEFINED TERMS. All capitalized terms used
but not otherwise defined herein have the meanings given to them in the Security Agreement or the Credit Agreement. 
 2. GRANT OF
SECURITY INTEREST IN TRADEMARK COLLATERAL. Each Grantor hereby grants to Administrative Agent, for the benefit of the Lender Group, a continuing first priority security interest (subject to Permitted Liens) in all of such Grantor’s right,
title and interest in, to and under the following, whether presently existing or hereafter created or acquired (collectively, the “Trademark Collateral”): 
 (a) all of its Trademarks and Trademark Intellectual Property Licenses to which it is a party including those referred to on Schedule I hereto; 
  

 -1- 








 (b) all goodwill, trade secrets, proprietary or confidential information, technical information,
procedures, formulae, quality control standards, designs, operating and training manuals, customer lists, and other General Intangibles with respect to the foregoing; 
 (c) all reissues, continuations or extensions of the foregoing; 
 (d) all goodwill of the business connected
with the use of, and symbolized by, each Trademark and each Trademark Intellectual Property License; and 
 (e) all products and proceeds of
the foregoing, including, any claim by such Grantor against third parties for past, present or future (i) infringement or dilution of any Trademark or any Trademark licensed under any Intellectual Property License or (ii) injury to the
goodwill associated with any Trademark or any Trademark licensed under any Intellectual Property License. 
 The foregoing to the contrary
notwithstanding, “Trademark Collateral” shall not include the Excluded Assets. 
 3. SECURITY FOR OBLIGATIONS. This
Trademark Security Agreement and the security interest created hereby secures the payment and performance of all the Secured Obligations, whether now existing or arising hereafter. Without limiting the generality of the foregoing, this Trademark
Security Agreement secures the payment of all amounts which constitute part of the Secured Obligations and would be owed by Grantors, or any of them, to Administrative Agent, the Lender Group, or any of them, whether or not they are unenforceable or
not allowable due to the existence of an Insolvency Proceeding involving any Grantor. 
 4. SECURITY AGREEMENT. The security interests
granted pursuant to this Trademark Security Agreement are granted in conjunction with the security interests granted to Administrative Agent, for the benefit of the Lender Group, pursuant to the Security Agreement. Each Grantor hereby acknowledges
and affirms that the rights and remedies of Administrative Agent with respect to the security interest in the Trademark Collateral made and granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are
incorporated by reference herein as if fully set forth herein. 
 5. AUTHORIZATION TO SUPPLEMENT. If any Grantor shall obtain rights
to any new trademarks, the provisions of this Trademark Security Agreement shall automatically apply thereto. Grantors shall give prompt notice in writing to Administrative Agent with respect to any such new trademarks or renewal or extension of any
trademark registration as provided in the Security Agreement. Without limiting Grantors’ obligations under this Section 5, Grantors hereby authorize Administrative Agent unilaterally to modify this Agreement by amending Schedule
I to include any such new trademark rights of Grantors. Notwithstanding the foregoing, no failure to so modify this Trademark Security Agreement or amend Schedule I shall in any way affect, invalidate or detract from Administrative
Agent’s continuing security interest in all Collateral, whether or not listed on Schedule I. 
 6. COUNTERPARTS. This
Trademark Security Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such separate counterparts shall together constitute but one and the same instrument. In proving this Trademark
Security Agreement or any other Loan Document in any judicial proceedings, it shall not be necessary to produce or account for more than one such counterpart signed by the party against whom such enforcement is sought. Any signatures delivered by a
party by facsimile transmission or by e-mail transmission shall be deemed an original signature hereto. 
  

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 IN WITNESS WHEREOF, each Grantor has caused this Trademark Security Agreement to be executed and
delivered by its duly authorized officer as of the date first set forth above. 
  

							
	GRANTORS:	 	PGIC NV,
		 		 	a Nevada corporation
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

			
		 		 	MGC, INC.,
		 		 	a Nevada corporation
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

			
		 		 	PROGRESSIVE GAMES, INC.,
		 		 	a Delaware corporation
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

			
		 		 	GAMES OF NEVADA, INC.,
		 		 	a Nevada corporation
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

			
		 		 	VIKING MERGER SUBSIDIARY, LLC,
		 		 	a Delaware limited liability company
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

			
		 		 	PRIMELINE GAMING TECHNOLOGIES, INC.,
		 		 	a California corporation
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  


  


					
		  	S-1	  	 TRADEMARK SECURITY
 AGREEMENT (GUARANTORS)











							
		 		 	MIKOHN INTERNATIONAL, INC.,
		 		 	a Nevada corporation
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

			
		 		 	 MIKOHN HOLDINGS, INC.,
 a Nevada
corporation

				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

			
		 		 	 ENDX, INC. (USA),
 a Nevada
corporation

				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

			
		 		 	 PGI (MACAO) LIMITED, 
 a Macau
limited liability company

				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

			
		 		 	PGIC HOLDINGS, LIMITED, a private limited company organized under the laws of England and Wales
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

			
		 		 	PROGRESSIVE GAMING INTERNATIONAL (GROUP) LTD., a private limited company organized under the laws of England and Wales
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

			
		 		 	PROGRESSIVE GAMING INTERNATIONAL (UK) LTD., a private limited company organized under the laws of England and Wales
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  


  


					
		  	S-2	  	 TRADEMARK SECURITY
 AGREEMENT (GUARANTORS)











							
	ADMINISTRATIVE AGENT:	 		 	PRIVATE EQUITY MANAGEMENT GROUP FINANCIAL CORPORATION, a California corporation, as Administrative Agent
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  


  


					
		  	S-3	  	 TRADEMARK SECURITY
 AGREEMENT (GUARANTORS)










 SCHEDULE I 
 to  
 TRADEMARK SECURITY AGREEMENT 
 Trademark Registrations/Applications 
  

									
	 Grantor
	 	 Country
	 	 Mark
	  	 Application/
 Registration No.
	  	 Reg Date

		 		 		  		  	
		 		 		  		  	
		 		 		  		  	
		 		 		  		  	

 Trade Names 
 Common Law Trademarks  
 Trademarks Not Currently In Use 

 Trademark Licenses 
  

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