THE MANNER, AND DEEMED RECEIVED, AS PROVIDED
FOR IN THE CREDIT AGREEMENT.
18.
SECTION TITLES.
THE SECTION TITLES CONTAINED IN THIS AGREEMENT ARE AND
SHALL BE WITHOUT SUBSTANTIVE MEANING OR CONTENT OF ANY KIND WHATSOEVER AND ARE
NOT A PART OF THE AGREEMENT BETWEEN THE PARTIES HERETO.
19.
COUNTERPARTS.
THIS AGREEMENT MAY BE EXECUTED IN ANY NUMBER OF
COUNTERPARTS, WHICH SHALL, COLLECTIVELY AND SEPARATELY, CONSTITUTE ONE
AGREEMENT.
20.
BENEFIT OF LENDER.
ALL SECURITY INTERESTS GRANTED OR CONTEMPLATED HEREBY
SHALL BE FOR THE BENEFIT OF THE LENDER, AND ALL PROCEEDS OR PAYMENTS REALIZED
FROM THE PLEDGED COLLATERAL IN ACCORDANCE HEREWITH SHALL BE APPLIED TO THE
OBLIGATIONS IN ACCORDANCE WITH THE TERMS OF THE CREDIT AGREEMENT.
21.
AMENDMENT.
IF A PLEDGED ENTITY ISSUES ANY STOCK TO PLEDGOR AFTER THE DATE
HEREOF, THIS AGREEMENT MAY BE AMENDED BY THE EXECUTION OF A PLEDGE AMENDMENT IN
THE FORM OF SCHEDULE II HERETO, WITHOUT THE CONSENT OR APPROVAL OF PLEDGOR.
ALL
OTHER AMENDMENTS, MODIFICATIONS AND WAIVERS WITH RESPECT TO THIS AGREEMENT SHALL
BE EFFECTIVE ONLY IF THEY ARE IN WRITING AND EXECUTED BY LENDER AND THE PLEDGOR
WITH AN INTEREST OF THE PLEDGED COLLATERAL.
[Signature Page Follows]
9
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed as of the date first written above.
SOUTHWEST CASINO CORPORATION
By:
/s/ Thomas E. Fox
Its:
President
CROWN BANK
By:
Mark W. Lucke
Mark W. Lucke
Its: Vice President
[Signature Page to Stock Pledge Agreement]
SCHEDULE I
PLEDGED INTERESTS
Name and Address of Pledgor
Pledged Entity
Certificate
No.
Number
of
Shares
Percentage
of
Outstanding
Shares
Southwest Casino Corporation
Southwest Casino and Hotel Corp.
433
1,000
100
%
3155 East Patrick Lane
Suite 1
Las Vegas, NV 89120
I-1