Document:

EMPLOYEES STOCK OWNERSHIP PLAN

 Exhibit 10.24(a) 
 Employee Stock Ownership Plan 
 of People’s United Financial, Inc. 
 Amendment No. 1 
 People’s United
Financial, Inc. (the “Company”) hereby amends the Employee Stock Ownership Plan of People’s United Financial, Inc. (the “Plan”) pursuant to its power so to do as provided in Section 17.1 and 17.2 of the Plan as
hereinafter set forth. 
  

	 	1.	Section 1.4 is hereby amended to read in its entirety as follows: 

 “Section 1.4. Bank means People’s United Bank, a federally chartered savings bank, and prior to June 7, 2007, its predecessor People’s Bank, and any successor to said People’s
United Bank.” 
  

	 	2.	Section 1.13 is hereby amended to read in its entirety as follows: 

 “Section 1.13. Disability’ means any disability or ill health which results in a Participant being unable to perform the regular duties of his regular occupation as determined by a third party
administrator selected by the Committee; and for purposes of determining whether a Participant is subject to a Disability, the Committee may rely on the determination of a third party which administers such Participant’s Affiliated
Employer’s disability program or the determination of such other third party as the Committee may reasonably determine, provided such third party makes such determination for one or more purposes other than the terms of this Plan and/or any
other retirement Plan maintained by the Bank or any other Affiliated Employer.” 
  

	 	3.	Section 3.1 is hereby amended as follows: 

 A. The
following sentence is hereby added at the beginning of Section 3.1: “References in the Plan to “Credited Service” shall be to Credited Service as defined and computed in accordance with the provisions of this Article III.”

 B. The words “disability”, “retirement” and the comma after death are hereby deleted from the first sentence of
Section 3.1. 
 C. The words and number “two (2) years” are hereby deleted from each of clause (a) and (c) of
such Section 3.1 and in each case the words and number “one (1) year” shall replace such deleted phrase. 

 D. The following sentence is added to the end of Section 3.1. “References to service as herein
shall not include any service as an independent contractor of any Affiliated Employer or employer described in Section 3.2 for purposed of this Article III.” 
 4. Subsection (b) of Section 12.2 is hereby amended by deleting the word “or” immediately preceding clause (v) and adding a semicolon at the end of such clause (v) and the following:
“(vi) either held as provided in Section 12.2 (b) (i) or distributed as provided in Section 12.2(b)(iii), as each person shall elect for his own Account”. 
 5. The following subparagraph (D) is added to Section 12.3(c)(ii) immediately after Paragraph (C) of said 12.3(c)(ii): 
 “(D) In the event that the provisions of this Paragraph 12.3(c )(ii) would otherwise be literally applicable but for the fact that there has been no
prior Plan Year because the applicable record date occurs during the first Plan Year, then the terms of this Paragraph shall be applied by substituting for the prior Plan Year the portion of the first Plan Year terminating on the applicable record
date.” 
 6. Section 13.2 is hereby amended to read in its entirety as follows: 
 “Section 13.2 Method of Distribution. 
 (a) In the event a Participant’s employment with all Affiliated Employers has been terminated,
distribution of his vested Accounts shall be made in one single distribution. The time at which such distribution shall be made pursuant to this Section 13.2 shall be designated by the Participant except as otherwise provided in this Article
XIII and is subject to the notice requirements of Section 13.3 hereof. Under all options, unless the Participant otherwise elects, distribution shall be made not later than the sixtieth (60th) day after the close of the Plan Year in which the latest of the following occurs: (i) the Participant attains age 65; (ii) the tenth anniversary of the year in which
the Participant commenced participation in the Plan; or (iii) the Participant terminates his service with all Affiliated Employers. Subject to the terms of Section 13.1 hereof, a Participant’s failure or delay in electing a
distribution option in accordance with the provisions of this Article XIII shall be considered an election to defer distribution. In any event distribution under any option shall not be required to be made earlier than 30 days following termination
of such Participant’s employment with all Affiliated Employers for any reason. 
 (b) Notwithstanding anything in this Article XIII to
the contrary, if a Participant’s employment with all Affiliated Employers is terminated, and the total value of his vested Account as of the most recent Valuation Date immediately preceding his Distribution Date does not exceed $5,000, the
Committee shall cause to be distributed to such Participant in a single distribution the entire value of the vested portion of his Account as soon as administratively practicable; and the non-vested portion, if any, will be forfeited. If a
Participant would have received a distribution under the preceding sentence but for the fact that the total value of the 

  

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Participant’s vested portion of his Account exceeds $5,000 on the applicable Valuation Date and if at a later time the value of such vested portion is
reduced such that it is not greater than $5,000, the Participant will receive a distribution of such vested portion as soon as administratively practicable; and the non-vested portion will be treated as a forfeiture. In the event distribution is to
be made to a Participant pursuant to this subsection (b), such Participant may elect to have such distribution made in cash or in whole Shares (provided, however that fractional Shares will be paid in cash), and if no such election is made,
distribution will be made in the form of cash. 
 (c) In the event a single sum distribution greater than $1,000 is to be made to a
Participant in accordance with the provisions of Subsection 13.2(b), and such Participant does not elect to have such distribution paid directly to an eligible retirement plan specified by such Participant in a direct rollover in accordance with
Section 13.7 or to receive the distribution directly in accordance with Subsection 13.2(b), then the Plan Administrator shall direct payment of the distribution in a direct rollover in cash to an individual retirement plan designated by the
Plan Administrator; provided however that in the event the value of such vested portion is less than $200, such Participant shall have no option with respect to distribution thereof, and the entire vested portion shall be distributed to him in
cash.” 
 7. Subsection (e) is amended by substituting the word “distribution” in place of “sum” in the first
sentence thereof and further by adding at the end of the last sentence thereof the following: 
 “In the event distribution is to be made
to a Beneficiary pursuant to this subsection (b), such Beneficiary may elect to have such distribution made in cash or in whole Shares (provided, however that fractional Shares will be paid in cash), and if no such election is made, distribution
will be made in the form of cash.” 
 8. Section 13.6 is hereby amended by adding at the end of the last sentence thereof the
following: “except to the extent the provisions of Section 13.2 or 13.5 provide such distribution is to be made all in cash”. 
 9. Section 13.7 is hereby amended as follows: 
 (a) The following sentence is hereby added to Subsection
(a) thereof: 
 “Notwithstanding the previous sentence, a portion of a distribution shall not fail to be an eligible rollover
distribution merely because the portion consists of after-tax employee contributions which are not includible in gross income. However, such portion may be transferred only to an individual retirement account or annuity described in
Section 408(a) or (b) of the Code, or to a qualified defined contribution plan described in Section 401(a) or 403(a) of the Code that agrees to separately account for amounts so transferred, including separately accounting for the
portion of such distribution which is includible in gross income and the portion of such distribution which is not so includible.” 
  

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 (b) Subsection (b) thereof is hereby amended to read in its entirety as follows:

 “Eligible retirement plan: An eligible retirement plan is an individual retirement account described in Section 408(a) of the
Code, an individual retirement annuity described in Section 408(b) of the Code, an annuity plan described in Section 403(a) of the Code, a qualified trust described in Section 401(a) of the Code, an annuity contract described in
Section 403(b) of the Code and an eligible plan under Section 457(b) of the Code which is maintained by a State, political subdivision of a State, or any agency or instrumentality of a State or a political subdivision of a State and which
agrees to separately account for amounts transferred into such plan from this Plan, that accepts the distributee’s eligible rollover distribution. The definition of eligible retirement plan shall also apply in the case of a distribution to a
surviving spouse, or to a spouse or former spouse who is the alternate payee under a qualified domestic relation order, as defined in Section 414(p) of the Code.” 
 10. The following is hereby added at the end of Section 14.5: 
 “For purposes of this Section 14.5 a “Pending Change in Control” shall be (a) deemed to have occurred under this Plan if (1) the Company enters into a Change in Control Agreement, or
(2) the CEO of the Company declares in writing that, or the Board of adopts a resolution to the effect that, a Pending Change in Control has occurred; and (b) shall be deemed terminated upon (1) an occurrence of a Change in Control or
(2) termination of such Change in Control Agreement without the occurrence of a Change in Control or (3) such CEO declares in writing or the Board adopts a resolution that such Pending Change in Control no longer exists. Upon the end of a
Potential Change in Control Period the Company shall waive the right to amend the Plan thereafter to the same extent as it would be able had no Pending Change in Control occurred.” 
 11. The amendments made hereby shall become effective as set forth herein, subject to the provisions of this paragraph. The Plan as amended may be
submitted to the Internal Revenue Service (the “IRS”) with a request for a written ruling to the effect that the provisions as set forth herein will result in the Plan continuing to be a qualified Plan as set forth in the provisions of
Section 401 of the Internal Revenue Code of 1986, as it may from time to time be amended. To the extent that any provisions contained in such amendments would contain any provision which would adversely affect such qualified status in the
opinion of the IRS, such provisions, subject to the last sentence of this paragraph, shall become null and void. Further, the Plan shall be subject as of the applicable effective date set forth herein to all provisions of any further amendments so
made in response to any suggestions, comments or requests by any personnel of the IRS in connection with the request described in this paragraph. Notwithstanding the foregoing, in the event that any action for declaratory judgment is instituted

  

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in the Tax Court in connection with any refusal or failure to issue such written determination by the IRS or any adverse action with respect to such request,
the putting into effect of any such amendment shall be further postponed, but all amendments shall be made in accordance with the decision of the Tax Court or such decision as it may be altered or changed upon further proceedings before the Tax
Court or any appeal therefrom, all as of the applicable effective date indicated herein. 
 IN WITNESS WHEREOF, the parties hereto
have executed this Amendment effective as of January 1, 2007. 
  

					
	PEOPLE’S UNITED FINANCIAL, INC.
			
	By:	 	 /s/Philip R. Sherringham
	 	  

		 	Philip R. Sherringham	 	Date
		 	Its Acting CEO and President	 	

  

 5Fifth Supplemental Indenture

 Exhibit 4.25 
 FIFTH SUPPLEMENTAL INDENTURE 
 FIFTH SUPPLEMENTAL INDENTURE
(this “Supplemental Indenture”), dated as of May 29, 2007, among PNK (CHILE 1), LLC, a Delaware limited liability company, PNK (CHILE 2), LLC, a Delaware limited liability company, PNK (ST. LOUIS 4S), LLC, a Delaware limited
liability company, YANKTON INVESTMENTS, LLC, a Nevada limited liability company, OGLE HAUS, LLC, an Indiana limited liability company, and ST. LOUIS CASINO CORP., a Missouri corporation (each the “Guarantying Subsidiary” and
collectively, the “Guarantying Subsidiaries”), each either a direct or indirect subsidiary of Pinnacle Entertainment, Inc., a Delaware corporation (the “Company”), the Company, the other Guarantors (as defined in
the Indenture referred to herein) and The Bank of New York Trust Company, N.A., a national banking corporation and a successor to The Bank of New York, as trustee under the Indenture referred to below (the “Trustee”). 
 W I T N E S S E T H 
 WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of March 15, 2004, and as amended as of December 3, 2004, and as further
amended as of October 19, 2005, and as further amended as of November 17, 2006, and as further amended as of January 30, 2007, providing for the issuance of 8 1/4% Senior Subordinated Notes due 2012 (the “Notes”); 
 WHEREAS, the Indenture provides that under certain circumstances the Guarantying Subsidiaries shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guarantying Subsidiaries shall unconditionally guarantee
all of the Company’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Guaranty”); and 
 WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture. 
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, each Guarantying Subsidiary and the Trustee mutually covenant and agree for
the equal and ratable benefit of the Holders of the Notes as follows: 
 1. CAPITALIZED TERMS. Capitalized
terms used herein without definition shall have the meanings assigned to them in the Indenture. 
 2. AGREEMENT
TO GUARANTY. Each Guarantying Subsidiary hereby agrees to provide an unconditional Guaranty on the terms and subject to the conditions set forth in the Guaranty and in the Indenture including but not limited to Article
11 thereof. 
 4. NO RECOURSE AGAINST OTHERS. No past, present or future
director, officer, employee, incorporator, member, partner, stockholder or agent of the Guarantying Subsidiaries, as such, shall have any liability for any obligations of the Company or any of the Guarantying Subsidiaries under the Notes, any
Guaranties, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such 

  

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obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the
consideration for issuance of the Notes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the SEC that such a waiver is against public policy. 
 5. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING
EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 
 6. COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
 7. EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the
construction hereof. 
 8. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in
respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guarantying Subsidiaries and the Company. 
 [Signature pages follow] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Fifth Supplemental Indenture to be duly executed
as of the date first above written. 
  

					
	PNK (CHILE 1), LLC,
	a Delaware limited liability company
		
	By:	 	Pinnacle Entertainment, Inc.,
		 	a Delaware corporation,
	Its:	 	sole member
			
		 	By:	 	/s/ Stephen H. Capp
		 		 	Stephen H. Capp
		 		 	Chief Financial Officer
	
	PNK (CHILE 2), LLC,
	a Delaware limited liability company
		
	By:	 	Pinnacle Entertainment, Inc.,
		 	a Delaware corporation,
	Its:	 	sole member
			
		 	By: 	 	/s/ Stephen H. Capp
		 		 	Stephen H. Capp
		 		 	Chief Financial Officer
	
	 PNK (ST. LOUIS 4S), LLC,
 a Delaware limited
liability company

		
	By:	 	Pinnacle Entertainment, Inc.,
		 	a Delaware corporation
	Its:	 	sole member
			
		 	By:	 	/s/ Stephen H. Capp
		 		 	Stephen H. Capp
		 		 	Chief Financial Officer
	
	YANKTON INVESTMENTS, LLC,
	a Nevada limited liability company
		
	By:	 	/s/ John A. Godfrey
	Name:	 	John A. Godfrey
	Title:	 	sole manager

  

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	OGLE HAUS, LLC,
	an Indiana limited liability company
		
	By:	 	Belterra Resorts Indiana, LLC,
		 	a Nevada limited liability company
	Its:	 	sole member
			
		 	By:	 	Pinnacle Entertainment, Inc.,
		 		 	a Delaware corporation,
		 	Its:	 	sole member
				
		 		 	By:	 	/s/ Stephen H. Capp
		 		 		 	Stephen H. Capp
		 		 		 	Chief Financial Officer
	
	ST. LOUIS CASINO CORP.,
	a Missouri corporation
		
	By:	 	/s/ Stephen H. Capp
	Name:	 	Stephen H. Capp
	Title:	 	Chief Financial Officer
	
	PINNACLE ENTERTAINMENT, INC.,
	a Delaware corporation
		
	By:	 	/s/ Stephen H. Capp
	Name:	 	Stephen H. Capp
	Title:	 	Chief Financial Officer
	
	BILOXI CASINO CORP.,
	a Mississippi corporation
	
	CASINO MAGIC CORP.,
	a Minnesota corporation
	
	CASINO ONE CORPORATION,
	a Mississippi corporation
	
	PNK (BOSSIER CITY), INC.,
	a Louisiana corporation
		
	By:	 	/s/ Stephen H. Capp
	Name:	 	Stephen H. Capp
	Title:	 	Chief Financial Officer and/or Treasurer

  

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	BELTERRA RESORT INDIANA, LLC,
	a Nevada limited liability company
		
	By:	 	Pinnacle Entertainment, Inc,
	Its:	 	sole member
			
		 	By:	 	/s/ Stephen H. Capp

							
		 	Name:	 	Stephen H. Capp
		 	Title:	 	Chief Financial Officer
	
	BOOMTOWN, LLC,
	a Delaware limited liability company
		
	By:	 	Pinnacle Entertainment, Inc,
	Its:	 	sole member
			
		 	By:	 	/s/ Stephen H. Capp

							
		 	Name:	 	Stephen H. Capp
		 	Title:	 	Chief Financial Officer
	
	PNK (LAKE CHARLES), L.L.C.,
	a Louisiana limited liability company
		
	By:	 	Pinnacle Entertainment, Inc.,
	Its:	 	sole member and manager
			
		 	By:	 	/s/ Stephen H. Capp

							
		 	Name:	 	Stephen H. Capp
		 	Title:	 	Chief Financial Officer
	
	PNK (RENO), LLC,
	a Nevada limited liability company
		
	By:	 	Pinnacle Entertainment, Inc,
	Its:	 	sole member
			
		 	By:	 	/s/ Stephen H. Capp

							
		 	Name:	 	Stephen H. Capp
		 	Title:	 	Chief Financial Officer

  

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	LOUISIANA-I GAMING,
	a Louisiana Partnership in Commendam
		
	By:	 	Boomtown, LLC,
	Its:	 	partner
			
		 	By:	 	Pinnacle Entertainment, Inc.,
		 	Its:	 	sole member
				
		 		 	By:	 	/s/ Stephen H. Capp
		 		 	Name:	 	Stephen H. Capp
		 		 	Title:	 	Chief Financial Officer
		
	By:	 	Pinnacle Entertainment, Inc.,
	Its:	 	partner
			
		 	By:	 	/s/ Stephen H. Capp
		 	Name:	 	Stephen H. Capp
		 	Title:	 	Chief Financial Officer
	
	PNK (ES), LLC,
	a Delaware limited liability company
		
	By:	 	Pinnacle Entertainment, Inc.
	Its:	 	sole member
			
		 	By:	 	/s/ Stephen H. Capp
		 	Name:	 	Stephen H. Capp
		 	Title:	 	Chief Financial Officer
	
	PNK (ST. LOUIS RE), LLC,
	a Delaware limited liability company
		
	By:	 	Pinnacle Entertainment, Inc.
	Its:	 	sole member
			
		 	By:	 	/s/ Stephen H. Capp
		 	Name:	 	Stephen H. Capp
		 	Title:	 	Chief Financial Officer

  

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	 AREP BOARDWALK PROPERTIES LLC,
 a Delaware
limited liability company

		
	By:	 	Biloxi Casino Corp.
	its:	 	sole member
			
		 	By:	 	/s/ Stephen H. Capp
		 	Name:	 	Stephen H. Capp
		 	Title:	 	Chief Financial Officer and Treasurer
	
	PNK DEVELOPMENT 7, LLC,
	a Delaware limited liability company
		
	By:	 	Pinnacle Entertainment, Inc.
	Its:	 	sole member
			
		 	By:	 	/s/ Stephen H. Capp
		 	Name:	 	Stephen H. Capp
		 	Title:	 	Chief Financial Officer
	
	PNK DEVELOPMENT 8, LLC,
	a Delaware limited liability company
		
	By:	 	Pinnacle Entertainment, Inc.
	Its:	 	sole member
			
		 	By:	 	/s/ Stephen H. Capp
		 	Name:	 	Stephen H. Capp
		 	Title:	 	Chief Financial Officer
	
	PNK DEVELOPMENT 9, LLC,
	a Delaware limited liability company
		
	By:	 	Pinnacle Entertainment, Inc.
	Its:	 	sole member
			
		 	By:	 	/s/ Stephen H. Capp
		 	Name:	 	Stephen H. Capp
		 	Title:	 	Chief Financial Officer

  

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	PNK (SCB), LLC,
	a Louisiana limited liability company
		
	By:	 	PNK Development 7, LLC,
		 	its sole member
			
		 	By:	 	Pinnacle Entertainment, Inc.
		 	Its:	 	sole member
				
		 		 	By:	 	/s/ Stephen H. Capp
		 		 	Name:	 	Stephen H. Capp
		 		 	Title:	 	Chief Financial Officer
	
	PNK (BATON ROUGE) PARTNERSHIP,
	a Louisiana partnership
		
	By:	 	PNK Development 8, LLC,
	Its:	 	partner
			
		 	By:	 	Pinnacle Entertainment, Inc.,
		 	Its:	 	sole member
				
		 		 	By:	 	/s/ Stephen H. Capp
		 		 	Name:	 	Stephen H. Capp
		 		 	Title:	 	Chief Financial Officer
		
	By:	 	PNK Development 9, LLC,
	Its:	 	partner
			
		 	By:	 	Pinnacle Entertainment, Inc.,
		 	Its:	 	sole member
				
		 		 	By:	 	/s/ Stephen H. Capp
		 		 	Name:	 	Stephen H. Capp
		 		 	Title:	 	Chief Financial Officer

  

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	 THE BANK OF NEW YORK TRUST
COMPANY,
 N.A., as Trustee

		
	By:	 	/s/ Melonee Young
	Name:	 	Melonee Young
	Title:	 	Vice President

  

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