Document:

Exhibit 4.17

Convenience Translation from the
German Original

KIM SCHINDELHAUER

Chairman of the
Supervisory board of

AIXTRON AG

Mr Timothy McEntee

The Board, AIXTRON AG

Kackertstr.
15-17

D-52072
Aachen

Date May 11, 2004

Board
service contracts — regulation on profit-sharing bonus

Dear
Mr McEntee

As
already advised, I am pleased to confirm once again in writing the resolution
of the Supervisory Board concerning the regulation on the profit-sharing bonus
agreed with you.

For
the financial year 2004, s. 4 no. 2 of the board service contract will be
amended to the effect that:

1.               8% (previously 2%) of the consolidated
profit for the year shall be made available to the full board as the bonus pot;

2.               the
consolidated profit for the 2004 financial year will not be reduced by any
losses brought forward from previous years;

3.               the
aggregate amount of the bonus pot is
limited to in total €1.0 million.

All
other regulations remain unchanged.

Yours
sincerely

[signed]

K. SchindelhauerExhibit 4.8

FOURTH
AMENDMENT TO

CREDIT AGREEMENT

THIS FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (“Fourth
Amendment”) is made as of the 20th day of June, 2006 by and among AAR CORP., a
Delaware corporation, (“AAR”), AAR Distribution, Inc., an Illinois
corporation (“Distribution”), AAR Parts Trading, Inc., an Illinois
Corporation (“Parts Trading”), AAR Manufacturing, Inc., an Illinois
corporation (“Manufacturing”), AAR Engine Services, Inc., an Illinois
corporation (“Engine Services”) and AAR Allen Services, Inc., an Illinois
corporation (“Allen Service”) and together with AAR, Distribution, Parts
Trading, Manufacturing and Engine Services, individually a “Borrow” and
collectively “Borrowers”, the financial institutions, party hereto, each as a “Lender”
and Merrill Lynch Capital a division of Merrill Lynch Business Financial
Services Inc., individually as a Lender and as Agent.

W I T N E S S E T H:

WHEREAS, Borrowers, Agent and Lenders entered into a
certain Credit Agreement dated as of May 29, 2003 as amended by a certain
First Amendment to Credit Agreement dated as of January 23, 2004 by and
among Borrowers, Agent and Lenders, by a certain Second Amendment to Credit
Agreement dated as of August 24, 2004 by and among Borrowers, Agent and
Lenders and by a certain Third Amendment to Credit Agreement dated as of March 18,
2005 by and among Borrower, Agent and Lenders (said Credit Agreement, as so
amended, is hereinafter referred to as the “Credit Agreement”); and

WHEREAS, Borrowers desire to amend and modify certain
provisions of the Credit Agreement and, subject to the terms hereof, Agent and
Lenders are willing to agree to such amendments and modifications;

NOW THEREFORE, in consideration of the premises, the
mutual covenants and agreements herein contained, and any extension of credit
heretofore, now or hereafter made by Agent and Lenders to Borrowers, the
parties hereto hereby agree as follows:

1.             Definitions. All capitalized terms used herein
without definition shall have the meaning given to them in the Loan Agreement.

2.             Restricted Distributions. Section 5.3 of the
Credit Agreement is hereby deleted and the following is inserted in its stead:

“Section 5.3           Restricted
Distributions. Borrowers will not, and will not permit any Subsidiary to,
directly or indirectly, declare, order, pay, make or set apart any sum for any
Restricted Distribution; provided that
the foregoing shall not restrict or prohibit any Subsidiary from making
dividends or distributions and shall not restrict or prohibit dividends or
distributions to AAR or purchases of shares of (or options to purchase shares
of) equity interests in AAR or options therefor (a) on the open market for
use in its employee incentive equity program, (b) from employees of any
Borrower or any Subsidiary upon their death, termination or retirement or (c) on
the open market pursuant 

 

to a stock buy-back
program approved by AAR’s Board of Directors so long as (x) before and
after giving effect to any such dividend or distribution for such purpose, (i) no
Event of Default shall have occurred and be continuing and (ii) Borrowers
are in compliance on a pro forma basis with the covenants set forth in Article 7
recomputed for the most recently ended quarter for which information is
available and are in compliance with all other terms and conditions of this
Agreement, (y) such purchases or payments described in clause (a) above
after the date hereof do not exceed $2,000,000 in any Fiscal Year and do not
exceed $6,000,000 in the aggregate, (z) such purchases or payments described
in clause (b) above after the date hereof do not exceed $1,000,000 in any
Fiscal Year and do not exceed $3,000,000 in the aggregate, (aa) such purchases
or payments described in clause (c) above after the date hereof do not
exceed $28,000,000 in any Fiscal Year and do not exceed $28,000,000 in the
aggregate and (bb) after giving effect to any such purchase or payment
described in clause (c) above, the sum of average Availability and Cash
Equivalents, computed on a proforma or projected basis after giving effect to
any such purchase or payment for the 60 days immediately prior to the date of
any such purchase or payment and for the 180 days immediately after the date of
any such purchase or payment, equals or exceeds $30,000,000.”

3.             Effectiveness. This Fourth Amendment shall become
effective upon the satisfaction of each of the following conditions:

(a)           Agent, Lenders and Borrowers shall
have executed and delivered to each other this Fourth Amendment.

4.             Execution in Counterparts. This Fourth Amendment
may be executed in any number of counterparts and by different parties hereto
in separate counterparts, each of which shall be deemed an original but all of
which together shall constitute one and the same instrument.

5.             Continuing Effect. Except as otherwise
specifically set out herein, the provisions of the Credit Agreement shall
remain in full force and effect.

(Signature
Page Follows)

 2
 

 

 

(Signature
Page to Fourth Amendment to Credit Agreement)

IN WITNESS WHEREOF, this Fourth Amendment has been
duly executed as of the day and year specified at the beginning hereof.

 

	
  AAR CORP.

  AAR DISTRIBUTION, INC. 

  AAR PARTS TRADING, INC. 

  AAR MANUFACTURING, INC. 

  AAR ENGINE SERVICES, INC. 

  AAR ALLEN SERVICES, INC.

  	
   

  	
  MERRILL LYNCH CAPITAL, A 

  DIVISION OF MERRILL LYNCH 

  BUSINESS FINANCIAL SERVICES INC., 

  as Agent and Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   By: /s/
  Timothy J. Romenesko________ 

  Name:   Timothy J. Romenesko 

  Title:     Vice President

  	
   

  	
  By: /s/Brian Boczkowski____________

  Name:   Brian Boczkowski 

  Title:     Assistant Vice President

  

 

 

 3Exhibit 4.55

EXECUTION COPY

REGISTRATION RIGHTS AGREEMENT

Dated as of June 16, 2006

by and among

JACOBS ENTERTAINMENT, INC.

THE
GUARANTORS        

named herein

and

CREDIT SUISSE SECURITIES (USA) LLC

CIBC WORLD MARKETS CORP.

LIBRA SECURITIES, LLC

WELLS FARGO SECURITIES, LLC

and

KEYBANC CAPITAL MARKETS, A DIVISION OF McDONALD INVESTMENTS INC.

as Initial Purchasers

$210,000,000

9.75% SENIOR NOTES DUE 2014

 

 

 

TABLE OF CONTENTS

	
  

  	
   

  	
   

  	
   

  	
  Page

  
	
  1.

  	
   

  	
  DEFINITIONS

  	
   

  	
  1

  
	
  2.

  	
   

  	
  EXCHANGE OFFER

  	
   

  	
  4

  
	
  3.

  	
   

  	
  SHELF REGISTRATION

  	
   

  	
  7

  
	
  4.

  	
   

  	
  ADDITIONAL INTEREST

  	
   

  	
  8

  
	
  5.

  	
   

  	
  REGISTRATION PROCEDURES

  	
   

  	
  10

  
	
  6.

  	
   

  	
  REGISTRATION EXPENSES

  	
   

  	
  17

  
	
  7.

  	
   

  	
  INDEMNIFICATION

  	
   

  	
  18

  
	
  8.

  	
   

  	
  RULES 144 AND 144A

  	
   

  	
  21

  
	
  9.

  	
   

  	
  UNDERWRITTEN REGISTRATIONS

  	
   

  	
  21

  
	
  10.

  	
   

  	
  MISCELLANEOUS

  	
   

  	
  21

  
	
   

  	
  (a)

  	
  Remedies

  	
   

  	
  21

  
	
   

  	
  (b)

  	
  No Inconsistent Agreements

  	
   

  	
  21

  
	
   

  	
  (c)

  	
  [Reserved]

  	
   

  	
  22

  
	
   

  	
  (d)

  	
  Amendments and Waivers

  	
   

  	
  22

  
	
   

  	
  (e)

  	
  Notices

  	
   

  	
  22

  
	
   

  	
  (f)

  	
  Successors and Assigns

  	
   

  	
  23

  
	
   

  	
  (g)

  	
  Counterparts

  	
   

  	
  23

  
	
   

  	
  (h)

  	
  Headings

  	
   

  	
  24

  
	
   

  	
  (i)

  	
  Governing Law

  	
   

  	
  24

  
	
   

  	
  (j)

  	
  Severability

  	
   

  	
  24

  
	
   

  	
  (k)

  	
  Notes Held by any Issuer or their Affiliates

  	
   

  	
  24

  
	
   

  	
  (l)

  	
  Third Party Beneficiaries

  	
   

  	
  24

  
	
   

  	
  (m)

  	
  Entire Agreement

  	
   

  	
  24

  
	
   

  	
  (n)

  	
  Joint and Several Obligations

  	
   

  	
  24

  

 

 i

REGISTRATION RIGHTS
AGREEMENT

This Registration Rights Agreement (the “Agreement”)
is made and entered into as of June 16, 2006, by and among Jacobs
Entertainment, Inc., a Delaware corporation (the “Company”), the
Guarantors (as defined) and Credit Suisse Securities (USA) LLC, CIBC World
Markets Corp., Libra Securities, LLC, Wells Fargo Securities, LLC and KeyBanc
Capital Markets, a Division of McDonald Investments Inc. (the “Initial
Purchasers”).

This Agreement is entered into in connection with the
Purchase Agreement, dated June 9, 2006, by and among the Company, the
Guarantors and the Initial Purchasers (the “Purchase Agreement”)
relating to the sale by the Company to the Initial Purchasers of $210,000,000
aggregate principal amount of the Company’s 9.75
% Senior Notes due 2014 (the “Notes”) and the unconditional
guarantee thereof by the Guarantors on a joint and several basis (the “Guarantee”).
In order to induce the Initial Purchasers to enter into the Purchase Agreement,
the Issuers (as defined) have agreed to provide the registration rights set
forth in this Agreement for the benefit of the holders of Registrable Notes (as
defined), including, without limitation, the Initial Purchasers. The execution
and delivery of this Agreement is a condition to the Initial Purchasers’
obligation to purchase the Notes under the Purchase Agreement.

The parties hereby agree as follows:

1.             Definitions

As used in this Agreement, the following terms shall
have the following meanings:

Additional Interest:  See Section 4(a).

Advice:  See the last paragraph of Section 5.

Agreement:  See the first introductory paragraph to this
Agreement.

Applicable Period:  See Section 2(b).

Business Day:  A day that is not a Saturday, a Sunday, or a
day on which banking institutions in New York, New York are required to be
closed.

Closing Date:  The Closing Date as defined in the Purchase
Agreement.

Commission:  The Securities and Exchange Commission.

Company:  See the first introductory paragraph to this
Agreement.

Effectiveness Date:  The 210th day after the Issue Date, in the
case of the Exchange Registration Statement, and, in the case of the Initial
Shelf Registration, the 90th day after the filing of the Initial Shelf
Registration.

Effectiveness Period:  See Section 3(a).

 

 

Event Date:  See Section 4(b).

Exchange Act:  The Securities Exchange Act of 1934, as
amended, and the rules and regulations of the Commission promulgated
thereunder.

Exchange Notes:  See Section 2(a).

Exchange Offer:  See Section 2(a).

Exchange Registration Statement:  See Section 2(a).

Filing Date:  The 120th day after the Issue Date
(regardless of whether the actual filing precedes such date).

Guarantee:  See the second introductory paragraph to this
Agreement.

Guarantors:  Each of the Company’s subsidiaries listed in
Schedule A hereto in each case, as of each applicable date, to the extent a
Guarantor on such date.

Holder:  Any registered holder of Registrable Notes.

Indemnified Parties:  See Section 7(a).

Indenture:  The Indenture, dated as of June 16,
2006, by and among the Issuers and Wells Fargo Bank, National Association, as
trustee, pursuant to which the Notes are being issued, as amended or
supplemented from time to time in accordance with the terms thereof.

Initial Purchasers:  See the first introductory paragraph to this
Agreement.

Initial Shelf Registration:  See Section 3(a).

Inspectors:  See Section 5(o).

Issue Date:  The date on which the Notes were sold to the
Initial Purchasers pursuant to the Purchase Agreement.

Issuer FWP: See Section 7(a).

Issuers:  The Company and the Guarantors, collectively.

NASD:  National Association of Securities Dealers, Inc.

Notes:  See the second introductory paragraph to this
Agreement.

Participating Broker-Dealer:  See Section 2(b).

Person:  Any individual, corporation, partnership,
limited liability company, joint venture, association, joint stock company,
trust, unincorporated organization or government (including any agency or
political subdivision thereof).

 2
 

 

 

Potential Material Event:  (i) An event or circumstance which occurs
and is continuing as a result of which any Shelf Registration, any related
prospectus or any document incorporated therein by reference as then amended or
supplemented or proposed to be filed would, in the good faith determination of
the Board of Directors of the Company, contain an untrue statement of a
material fact or omit to state a material fact necessary in order to make the
statements therein, in light of the circumstances under which they were made,
not misleading, and (ii) either (a) the Board of Directors of the
Company determines in good faith that the disclosure of such event at such time
would have a material adverse effect on the Company’s business, operations or
prospects or (b) the disclosure otherwise relates to a material business
transaction or development which has not yet been publicly disclosed.

Private Exchange:  See Section 2(b).

Private Exchange Securities:  See Section 2(b).

Prospectus:  The prospectus included in any Registration
Statement (including, without limitation, any prospectus subject to completion
and a prospectus that includes any information previously omitted from a
prospectus filed as part of an effective registration statement in reliance
upon Rule 430A promulgated under the Securities Act), as amended or supplemented
by any prospectus supplement, with respect to the terms of the offering of any
portion of the Registrable Notes covered by such Registration Statement, and
all other amendments and supplements to the Prospectus, including
post-effective amendments, and all material incorporated by reference or deemed
to be incorporated by reference in such Prospectus.

Purchase Agreement:  See the second introductory paragraph to this
Agreement.

Records:  See Section 5(o).

Registrable Notes:  Each Note upon original issuance thereof and
at all times subsequent thereto, each Note as to which Section 2(c)(iv) hereof
is applicable upon original issuance thereof and at all times subsequent
thereto and each Private Exchange Security upon original issuance thereof and
at all times subsequent thereto, until, in the case of any such Note, Exchange
Note or Private Exchange Security, as the case may be, the earliest to occur of
(i) a Registration Statement covering such Note, Exchange Note or Private
Exchange Security, as the case may be, has been declared effective by the
Commission and such Note, Exchange Note or Private Exchange Security, as the
case may be, has been disposed of in accordance with such effective
Registration Statement, (ii) such Note, Exchange Note or Private Exchange
Security, as the case may be, is sold in compliance with Rule 144, (iii) in
the case of any Note, such Note has or could have been exchanged pursuant to
the Exchange Offer for an Exchange Note or Exchange Notes which may be resold
without restriction under federal securities laws, or (iv) such Note,
Exchange Note or Private Exchange Security, as the case may be, ceases to be
outstanding for purposes of the Indenture.

Registration Statement:  Any registration statement of the Company,
including, but not limited to, the Exchange Registration Statement, that covers
any of the Registrable Notes pursuant to the provisions of this Agreement,
including the Prospectus, amendments and supplements to such registration
statement, including post-effective amendments, all exhibits, and 

 3
 

 

 

all material incorporated by reference or deemed to be
incorporated by reference in such registration statement.

Rule 144:  Rule 144 under the Securities Act, as
such Rule may be amended from time to time, or any similar rule (other
than Rule 144A) or regulation hereafter adopted by the Commission
providing for offers and sales of securities made in compliance therewith
resulting in offers and sales by subsequent holders that are not affiliates of
an issuer of such securities being free of the registration and prospectus
delivery requirements of the Securities Act.

Rule 144A:  Rule 144A under the Securities Act, as
such Rule may be amended from time to time, or any similar rule (other
than Rule 144) or regulation hereafter adopted by the Commission.

Rule 415:  Rule 415 under the Securities Act, as
such Rule may be amended from time to time, or any similar rule or
regulation hereafter adopted by the Commission.

Securities Act:  The Securities Act of 1933, as amended, and
the rules and regulations of the Commission promulgated thereunder.

Shelf Notice:  See Section 2(c).

Shelf Registration:  See Section 3(b).

Suspension Period:  See Section 5.

Subsequent Shelf Registration:  See Section 3(b).

TIA: 
The Trust Indenture Act of 1939, as amended.

Trustee:  The trustee under the Indenture and, if
existent, the trustee under any indenture governing the Exchange Notes and
Private Exchange Securities (if any).

Underwritten registration or underwritten offering:  A registration in which securities of one or
more of the Issuers are sold to an underwriter for reoffering to the public.

2.             Exchange
Offer

(a)           Each of the Issuers agrees to file with the Commission no
later than the Filing Date, an offer to exchange (the “Exchange Offer”)
any and all of the Registrable Notes (other than Private Exchange Securities,
if any) for a like aggregate principal amount of debt securities of the Company
which are identical in all material respects to the Notes (the “Exchange
Notes”) (and which are entitled to the benefits of the Indenture or a trust
indenture which is identical in all material respects to the Indenture
(including, without limitation, the guarantee provisions thereof) (other than
such changes to the Indenture or any such identical trust indenture as are
necessary to comply with any requirements of the Commission to effect or
maintain the qualification thereof under the TIA) and which, in either case,
has been qualified under the TIA), except that the Exchange Notes shall have
been registered pursuant to an effective Registration Statement under the
Securities Act and shall contain no restrictive legend thereon. The Ex-

 4
 

 

 

change Offer shall be registered under the Securities
Act on the appropriate form (the “Exchange Registration Statement”) and
shall comply with all applicable tender offer rules and regulations under
the Exchange Act. Each of the Issuers agrees to use its best efforts to (x) cause
the Exchange Registration Statement to be declared effective under the
Securities Act on or before the Effectiveness Date; (y) keep the Exchange
Offer open for at least 30 Business Days (or longer if required by applicable
law) after the date that notice of the Exchange Offer is first mailed to
Holders; and (z) consummate the Exchange Offer on or prior to the 60th day following the date on which the Exchange
Registration Statement is declared effective. If after such Exchange
Registration Statement is initially declared effective by the Commission, the
Exchange Offer or the issuance of the Exchange Notes thereunder is interfered
with by any stop order, injunction or other order or requirement of the
Commission or any other governmental agency or court, such Exchange
Registration Statement shall be deemed not to have become effective for
purposes of this Agreement. Each Holder who participates in the Exchange Offer
will be required to represent that any Exchange Notes received by it will be
acquired in the ordinary course of its business, that at the time of the
consummation of the Exchange Offer such Holder will have no arrangement or
understanding with any Person to participate in the distribution of the
Exchange Notes, that such Holder is not an affiliate of any Issuer within the
meaning of the Securities Act, and any additional representations that in the
written opinion of counsel to the Issuers are necessary under then-existing
interpretations of the Commission in order for the Exchange Registration
Statement to be declared effective. Upon consummation of the Exchange Offer in
accordance with this Section 2, the provisions of this Agreement shall
continue to apply, mutatis mutandis, solely
with respect to Registrable Notes that are Private Exchange Securities and Exchange
Notes held by Participating Broker-Dealers, and the Issuers shall have no
further obligation to register Registrable Notes (other than Private Exchange
Securities and other than in respect of any Exchange Notes as to which clause
2(c)(iv) hereof applies) pursuant to Section 3 of this Agreement.

(b)           The
Issuers shall include within the Prospectus contained in the Exchange
Registration Statement a section entitled “Plan of Distribution,” reasonably
acceptable to the Initial Purchasers, which shall contain a summary statement
of the positions taken or policies made by the Staff of the Commission with
respect to the potential “underwriter” status of any broker-dealer that is the
beneficial owner (as defined in Rule 13d-3 under the Exchange Act)
of Exchange Notes received by such broker-dealer in the Exchange Offer (a “Participating
Broker-Dealer”), whether such positions or policies have been publicly
disseminated by the Staff of the Commission or such positions or policies, in
the judgment of the Initial Purchasers, represent the prevailing views of the
Staff of the Commission. Such “Plan of Distribution” section shall also allow,
to the extent permitted by applicable policies and regulations of the Commission,
the use of the Prospectus by all Persons subject to the prospectus delivery
requirements of the Securities Act, including, to the extent so permitted, all
Participating Broker-Dealers, and include a statement describing the manner in
which Participating Broker-Dealers may resell the Exchange Notes.

Each of the Issuers shall use its best efforts to keep
the Exchange Registration Statement effective and to amend and supplement the
Prospectus contained therein, in order to permit such Prospectus to be lawfully
delivered by all Persons subject to the prospectus delivery requirements of the
Securities Act for such period of time beginning when the Exchange Notes 

 5
 

 

 

are first issued in the Exchange Offer and ending upon
the earlier of the expiration of the 180th day after the Exchange Offer has
been completed and such Persons are no longer required to comply with the
prospectus delivery requirements in connection with offers and sales of the Exchange
Notes (the “Applicable Period”).

If, upon consummation of the Exchange Offer, any
Initial Purchaser holds any Notes acquired by it and having the status of an
unsold allotment in the initial distribution, the Issuers upon the request of
that Initial Purchaser shall, simultaneously with the delivery of the Exchange
Notes in the Exchange Offer, issue and deliver to such Initial Purchaser, in exchange
(the “Private Exchange”) for the Notes held by such Initial Purchaser, a
like principal amount of debt securities of the Company that are identical in
all material respects to the Exchange Notes except for the existence of
restrictions on transfer thereof under the Securities Act and securities laws
of the several states of the U.S. (the “Private Exchange Securities”)
(and which are issued pursuant to the same indenture as the Exchange Notes). The
Private Exchange Securities shall bear the same CUSIP number as the Exchange
Notes. Interest on the Exchange Notes and Private Exchange Securities will
accrue from the last interest payment date on which interest was paid on the
Notes surrendered in exchange therefor or, if no interest has been paid on the
Notes, from the Issue Date.

In connection with the Exchange Offer, the Issuers
shall:

(1)           mail
to each Holder a copy of the Prospectus forming part of the Exchange
Registration Statement, together with an appropriate letter of transmittal and
related documents;

(2)           utilize
the services of a depositary for the Exchange Offer with an address in the
Borough of Manhattan, The City of New York, which may be the Trustee or an affiliate
thereof;

(3)           permit
Holders to withdraw tendered Registrable Notes at any time prior to the close
of business, New York time, on the last Business Day on which the Exchange
Offer shall remain open; and

(4)           otherwise
comply in all material respects with all applicable laws.

As soon as practicable after the close of the Exchange
Offer or the Private Exchange, as the case may be, the Issuers shall:

(1)           accept
for exchange all Registrable Notes validly tendered and not validly withdrawn
pursuant to the Exchange Offer or the Private Exchange;

(2)           deliver
to the Trustee for cancellation all Registrable Notes so accepted for exchange;
and

(3)           cause
the Trustee to authenticate and deliver promptly to each Holder tendering such
Registrable Notes, Exchange Notes or Private Exchange Securities, as the 

 6
 

 

 

case may be, equal in
principal amount to the Notes of such Holder so accepted for exchange.

The Exchange Notes and the Private Exchange Securities
may be issued under (i) the Indenture or (ii) an indenture identical
in all material respects to the Indenture, which in either event will provide
that the Exchange Notes will not be subject to the transfer restrictions set
forth in the Indenture and that the Exchange Notes, the Private Exchange
Securities and the Notes, if any, will vote and consent together on all matters
as one class and that none of the Exchange Notes, the Private Exchange
Securities or the Notes, if any, will have the right to vote or consent as a
separate class on any matter.

(c)           If,
(i) because of any change in law or in currently prevailing interpretations
of the staff of the Commission, the Company is not permitted to effect an
Exchange Offer, (ii) the Exchange Offer is not consummated within 255 days
of the Issue Date, (iii) any holder of Private Exchange Securities so
requests in writing to the Company or (iv) in the case of any Holder that
participates in the Exchange Offer (and validly tenders and does not withdraw
its Registrable Notes prior to the expiration thereof), such Holder does not
receive Exchange Notes on the date of the exchange that may be sold without
restriction under federal securities laws (other than due solely to the status
of such Holder as an affiliate of any Issuer within the meaning of the
Securities Act) and so notifies the Company within 30 days following the
consummation of the Exchange Offer (and provides a reasonable basis for its
conclusions), in the case of each of clauses (i)-(iv), then the Issuers shall
promptly deliver to the Holders and the Trustee written notice thereof (the “Shelf
Notice”) and shall file a Shelf Registration pursuant to Section 3.

3.             Shelf
Registration

If a Shelf Notice is delivered as contemplated by Section 2(c),
then:

(a)           Shelf
Registration. The Issuers shall as promptly as reasonably practicable file
with the Commission a Registration Statement for an offering to be made on a continuous
basis pursuant to Rule 415 covering all of the Registrable Notes (the “Initial
Shelf Registration”). If the Issuers shall not have filed the Exchange
Registration Statement, each of the Issuers shall file with the Commission the
Initial Shelf Registration on or prior to the Filing Date and shall use its
best efforts to cause such Initial Shelf Registration to be declared effective
under the Securities Act on or prior to the Effectiveness Date. Otherwise, each
of the Issuers shall file with the Commission the Initial Shelf Registration
within 120 days of the delivery of the Shelf Notice and shall use its best
efforts to cause such Shelf Registration to be declared effective under the Securities
Act on or prior to the Effectiveness Date. The Initial Shelf Registration shall
be on Form S-1 or another appropriate form permitting registration
of such Registrable Notes for resale by Holders in the manner or manners
designated by them (including, without limitation, one or more underwritten
offerings). The Issuers shall not permit any securities other than the Registrable
Notes to be included in any Shelf Registration. Each of the Issuers shall use
its best efforts to keep the Initial Shelf Registration continuously effective
under the Securities Act until the date which is 24 months from the Issue Date
(or, if Rule 144(k) under the Securities Act is amended to permit
unlimited resales by non-affiliates within a lesser period, such lesser period)
(subject to extension pursuant to the last and penultimate paragraphs of Section 5
hereof) (the “Effectiveness Period”) or such shorter period ending when (i) all
Registrable Notes covered by 

 7
 

 

 

the Initial Shelf Registration have been sold in the
manner set forth and as contemplated in the Initial Shelf Registration or (ii) a
Subsequent Shelf Registration covering all of the Registrable Notes has been
declared effective under the Securities Act.

(b)           Subsequent
Shelf Registrations. If the Initial Shelf Registration or any Subsequent
Shelf Registration ceases to be effective for any reason at any time during the
Effectiveness Period (other than because of the sale of all of the securities
registered thereunder), each of the Issuers shall use its best efforts to
obtain the prompt withdrawal of any order suspending the effectiveness thereof,
and in any event shall within 30 days of such cessation of effectiveness
amend the Shelf Registration in a manner to obtain the withdrawal of the order
suspending the effectiveness thereof, or file an additional “shelf”
Registration Statement pursuant to Rule 415 covering all of the Registrable
Notes then outstanding (a “Subsequent Shelf Registration”). If a
Subsequent Shelf Registration is filed, each of the Issuers shall use its best
efforts to cause the Subsequent Shelf Registration to be declared effective as
soon as practicable after such filing and to keep such Subsequent Shelf
Registration continuously effective for a period equal to the number of days in
the Effectiveness Period less the aggregate number of days during which the
Initial Shelf Registration or any Subsequent Shelf Registrations was previously
continuously effective. As used herein the term “Shelf Registration”
means the Initial Shelf Registration and any Subsequent Shelf Registration.

(c)           Supplements
and Amendments. Each of the Issuers shall promptly supplement and amend any
Shelf Registration if required by the rules, regulations or instructions
applicable to the registration form used for such Shelf Registration, or if
required by the Securities Act.

4.             Additional
Interest

(a)           The
Issuers and the Initial Purchasers agree that the Holders of Registrable Notes
will suffer damages if the Issuers fail to fulfill their obligations under Section 2
or Section 3 hereof and that it would not be feasible to ascertain the
extent of such damages with precision. Accordingly, each of the Issuers agrees
to pay, as liquidated damages, additional interest on the Registrable Notes (“Additional
Interest”) under the circumstances and to the extent set forth below (each
of which shall be given independent effect):

(i)            if (A) neither the Exchange
Registration Statement nor the Initial Shelf Registration has been filed on or
prior to the Filing Date or (B) notwithstanding that the Issuers have
consummated or will consummate an Exchange Offer, the Issuers are required to
file a Shelf Registration and such Shelf Registration is not filed on or prior
to the 120th day after delivery of the Shelf Notice, then, in the case of
subclause (A), commencing on the day after the Filing Date or, in the case of
subclause (B), commencing on the 121st day following delivery of the Shelf
Notice, Additional Interest shall accrue on the Registrable Notes over and
above the stated interest at a rate of 1.0% per annum for the first 90 days
immediately following the Filing Date or such 120th day, as the case may be,
such Additional Interest rate increasing by an additional 0.50% per annum at
the beginning of each subsequent 90-day period;

 8
 

 

 

(ii)           if (A) neither the Exchange
Registration Statement nor the Initial Shelf Registration is declared effective
on or prior to the Effectiveness Date applicable thereto or (B) notwithstanding
that the Issuers have consummated or will consummate an Exchange Offer, the
Issuers are required to file a Shelf Registration and such Shelf Registration
is not declared effective by the Commission on or prior to the applicable
Effectiveness Date, then, commencing on the day after such applicable
Effectiveness Date, Additional Interest shall accrue on the Registrable Notes
over and above the stated interest at a rate of 1.0% per annum for the first 90
days immediately following the day after the applicable Effectiveness Date,
such Additional Interest rate increasing by an additional 0.50% per annum at
the beginning of each subsequent 90-day period; and

(iii)          if (A) the Company has not
exchanged Exchange Notes for all Notes validly tendered and not withdrawn in
accordance with the terms of the Exchange Offer on or prior to the 255th day
after the Issue Date, (B) the Exchange Registration Statement ceases to be
effective prior to consummation of the Exchange Offer or (C) if
applicable, a Shelf Registration has been declared effective and such Shelf
Registration ceases to be effective at any time during the Effectiveness Period
(other than as a result of the imposition of any Suspension Period in
compliance with the penultimate paragraph of Section 5 of this Agreement)
then Additional Interest shall accrue on the Registrable Notes over and above
the stated interest at a rate of 1.0% per annum for the first 90 days commencing
on the (x) 256th day after the Issue Date in the case of (A) above or
(y) the day such Exchange Registration Statement or Shelf Registration
ceases to be effective in the case of (B) and (C) above, such
Additional Interest rate increasing by an additional 0.50% per annum at the
beginning of each such subsequent 90-day period;

provided, however, that the
Additional Interest rate on the Registrable Notes may not exceed in the
aggregate 2.0% per annum; provided  further that (1) upon the
filing of the Exchange Registration Statement or each Shelf Registration (in
the case of (i) above), (2) upon the effectiveness of the Exchange
Registration Statement or each Shelf Registration, as the case may be (in the
case of (ii) above), or (3) upon the exchange of Exchange Notes for
all Registrable Notes tendered (in the case of (iii)(A) above) or upon the
effectiveness of an Exchange Registration Statement or Shelf Registration which
had ceased to remain effective (in the case of (iii)(B) and (C) above),
Additional Interest on any Registrable Notes then accruing Additional Interest
as a result of such clause (or the relevant subclause thereof), as the case may
be, shall cease to accrue.

(b)           The
Issuers shall notify the Trustee within one Business Day after each and every
date on which an event occurs in respect of which Additional Interest is
required to be paid (an “Event Date”). Any amounts of Additional
Interest due pursuant to (a)(i), (a)(ii) or (a)(iii) of this Section 4
will be payable in cash semi-annually on each regular interest payment date
specified in the Indenture (to the Holders of Registrable Notes of record on
the regular record date therefor (as specified in the Indenture) immediately
preceding such dates), commencing with the first such regular interest payment
date occurring after any such Additional Interest commences to accrue. The
amount of Additional Interest will be determined by multiplying the applicable
Additional Interest rate by the principal amount of the Notes subject thereto,
multiplied by a fraction, the numerator of which is the number of days such
Additional Interest rate 

 9
 

 

 

was applicable during such period (determined on the
basis of a 360-day year comprised of twelve 30-day months), and the
denominator of which is 360.

5.             Registration
Procedures

In connection with the filing of any Registration
Statement pursuant to Section 2 or 3 hereof, each Issuer shall effect such
registration to permit the sale of such securities covered thereby in
accordance with the intended method or methods of disposition thereof, and
pursuant thereto and in connection with any Registration Statement filed by
each Issuer hereunder, each Issuer shall:

(a)           Prepare
and file with the Commission prior to the Filing Date, the Exchange
Registration Statement or if the Exchange Registration Statement is not filed
or is unavailable, a Shelf Registration as prescribed by Section 2 or 3,
and use its best efforts to cause each such Registration Statement to become
effective and remain effective as provided herein; provided that, if (1) a
Shelf Registration is filed pursuant to Section 3, or (2) a
Prospectus contained in an Exchange Registration Statement filed pursuant to Section 2
is required to be delivered under the Securities Act by any Participating
Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period and
has advised the Company that it is a Participating Broker-Dealer, before filing
any Registration Statement or Prospectus or any amendments or supplements
thereto, the Issuers shall, if requested, furnish to and afford the Holders of
the Registrable Notes to be registered pursuant to such Shelf Registration or
each such Participating Broker-Dealer, as the case may be, covered by such
Registration Statement, their counsel and the managing underwriters, if any, a
reasonable opportunity to review copies of all such documents (including copies
of any documents to be incorporated by reference therein and all exhibits
thereto) proposed to be filed (in each case at least five Business Days prior
to such filing). The Issuers shall not file any such Registration Statement or
Prospectus or any amendments or supplements thereto if the Holders of a
majority in aggregate principal amount of the Registrable Notes covered by such
Registration Statement, or any such Participating Broker-Dealer, as the case
may be, their counsel, or the managing underwriters, if any, shall reasonably
object thereto. The Issuers shall not, without the prior written consent of the
Initial Purchasers, make any offer relating to the Registrable Notes that would
constitute a “free writing prospectus,” as defined in Rule 405 under the
Securities Act.

(b)           Prepare
and file with the Commission such amendments and post-effective amendments to
each Shelf Registration or Exchange Registration Statement, as the case may be,
as may be necessary to keep such Registration Statement continuously effective
for the Effectiveness Period or the Applicable Period, as the case may be;
cause the related Prospectus to be supplemented by any Prospectus supplement required
by applicable law, and as so supplemented to be filed pursuant to Rule 424
(or any similar provisions then in force) under the Securities Act; and comply
with the provisions of the Securities Act and the Exchange Act applicable to it
with respect to the disposition of all securities covered by such Registration
Statement as so amended or in such Prospectus as so supplemented and with respect
to the subsequent resale of any securities being sold by a Participating
Broker-Dealer covered by any such Prospectus. The Issuers shall be deemed not to
have used their best efforts to keep a Registration Statement effective during
the Applicable Period if they voluntarily take any action that would result in
selling

 

 10

 

 

Holders of the Registrable Notes covered thereby or Participating Broker-Dealers
seeking to sell Exchange Notes not being able to sell such Registrable Notes or
such Exchange Notes during that period unless such action is required by
applicable law, rule or regulation or unless the Issuers comply with this
Agreement, including, without limitation, the provisions of paragraph 5(k) hereof
and the last and penultimate paragraphs of Section 5.

(c)           If
(1) a Shelf Registration is filed pursuant to Section 3, or (2) a
Prospectus contained in an Exchange Registration Statement filed pursuant to Section 2
is required to be delivered under the Securities Act by any Participating
Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period
from whom the Issuers have received written notice that it will be a
Participating Broker-Dealer, notify the selling Holders of Registrable Notes,
and each such Participating Broker-Dealer, their counsel and the managing underwriters,
if any, promptly (but in any event within two Business Days), and confirm such
notice in writing, (i) when a Prospectus or any Prospectus supplement or
post-effective amendment has been filed, and, with respect to a Registration
Statement or any post-effective amendment, when the same has become effective
(including in such notice a written statement that any Holder may, upon
request, obtain, without charge, one conformed copy of such Registration Statement
or post-effective amendment including financial statements and schedules,
documents incorporated or deemed to be incorporated by reference and exhibits),
(ii) of the issuance by the Commission of any stop order suspending the
effectiveness of a Registration Statement or of any order preventing or
suspending the use of any preliminary prospectus or the initiation of any proceedings
for that purpose, (iii) if at any time when a prospectus is required by
the Securities Act to be delivered in connection with sales of the Registrable
Notes the representations and warranties of any Issuer contained in any
agreement (including any underwriting agreement contemplated by Section 5(n) hereof)
cease to be true and correct in any material respect, (iv) of the receipt
by any Issuer of any notification with respect to the suspension of the
qualification or exemption from qualification of a Registration Statement or
any of the Registrable Notes or the Exchange Notes to be sold by any Participating
Broker-Dealer for offer or sale in any jurisdiction, or the initiation or
threatening of any proceeding for such purpose, (v) of the happening of
any event, the existence of any condition or any information becoming known
that makes any statement made in such Registration Statement or related
Prospectus or any document incorporated or deemed to be incorporated therein by
reference untrue in any material respect or that requires the making of any
changes in, or amendments or supplements to, such Registration Statement,
Prospectus or documents so that, in the case of the Registration Statement, it
will not contain any untrue statement of a material fact or omit to state any
material fact required to be stated therein or necessary to make the statements
therein not misleading, and that in the case of the Prospectus, it will not
contain any untrue statement of a material fact or omit to state any material
fact required to be stated therein or necessary to make the statements therein,
in the light of the circumstances under which they were made, not misleading,
and (vi) of the Issuers’ reasonable determination that a post-effective
amendment to a Registration Statement would be appropriate.

(d)           If
(1) a Shelf Registration is filed pursuant to Section 3, or (2) a
Prospectus contained in an Exchange Registration Statement filed pursuant to Section 2
is required to be delivered under the Securities Act by any Participating
Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period,
use its best efforts to prevent the issuance of any order suspending the
effectiveness of a Registration Statement or of any order preventing or sus-

 11
 

 

 

pending the use of a Prospectus or suspending the
qualification (or exemption from qualification) of any of the Registrable Notes
or the Exchange Notes to be sold by any Participating Broker-Dealer, for sale
in any jurisdiction, and, if any such order is issued, to use its best efforts
to obtain the withdrawal of any such order at the earliest possible date.

(e)           If
a Shelf Registration is filed pursuant to Section 3 and if requested by
the managing underwriters, if any, or the Holders of a majority in aggregate
principal amount of the Registrable Notes being sold in connection with an
underwritten offering, (i) as promptly as practicable incorporate in a
prospectus supplement or post-effective amendment such information or revisions
to information therein relating to such underwriters or selling Holders as the
managing underwriters, if any, or such Holders or their counsel reasonably request
to be included or made therein, (ii) make all required filings of such
prospectus supplement or such post-effective amendment as soon as practicable
after the Issuers have received notification of the matters to be incorporated
in such prospectus supplement or post-effective amendment, and (iii) supplement
or make amendments to such Registration Statement.

(f)            If
(1) a Shelf Registration is filed pursuant to Section 3, or (2) a
Prospectus contained in an Exchange Registration Statement filed pursuant to Section 2
is required to be delivered under the Securities Act by any Participating
Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period,
furnish to each selling Holder of Registrable Notes and to each such
Participating Broker-Dealer who so requests and to counsel and each managing
underwriter, if any, without charge, one conformed copy of the Registration
Statement or Registration Statements and each post-effective amendment thereto,
including financial statements and schedules, and, if requested, all documents
incorporated or deemed to be incorporated therein by reference and all exhibits.

(g)           If
(1) a Shelf Registration is filed pursuant to Section 3, or (2) a
Prospectus contained in an Exchange Registration Statement filed pursuant to Section 2
is required to be delivered under the Securities Act by any Participating
Broker-Dealer, deliver to each selling Holder of Registrable Notes or each such
Participating Broker-Dealer, as the case may be, their respective counsel, and
the underwriters, if any, without charge, as many copies of the Prospectus or
Prospectuses (including each form of preliminary prospectus) and each amendment
or supplement thereto and any documents incorporated by reference therein as
such Persons may reasonably request; and, subject to the last and penultimate
paragraphs of this Section 5, the Issuers hereby consent to the use of
such Prospectus and each amendment or supplement thereto by each of the selling
Holders of Registrable Notes and each Participating Broker-Dealer, and the
underwriters or agents, if any, and dealers (if any), in connection with the
offering and sale of the Registrable Notes covered by, or the sale by
Participating Broker-Dealers of the Exchange Notes pursuant to, such Prospectus
and any amendment or supplement thereto.

(h)           Prior
to any public offering of Registrable Notes or any delivery of a Prospectus
contained in the Exchange Registration Statement by any Participating
Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period,
use its best efforts to register or qualify, and cooperate with the selling
Holders of Registrable Notes and each such Participating Broker-Dealer, the
underwriters, if any, and their respective counsel in connection with the registration
or qualification (or exemption from such registration or qualification) of such
Registrable 

 12
 

 

 

Notes or Exchange Notes, as the case may be, for offer
and sale under the securities or Blue Sky laws of such jurisdictions within the
United States as any selling Holder, Participating Broker-Dealer, or the
managing underwriter or underwriters, if any, reasonably request in writing; provided
that where Exchange Notes held by Participating Broker-Dealers or Registrable
Notes are offered pursuant to an underwritten offering, counsel to the
underwriters shall, at the cost and expense of the Issuers, perform the Blue
Sky investigations and file registrations and qualifications required to be
filed pursuant to this Section 5(h); keep each such registration or
qualification (or exemption therefrom) effective during the period such
Registration Statement is required to be kept effective and do any and all
other acts or things reasonably necessary or advisable to enable the
disposition in such jurisdictions of the Exchange Notes by Participating
Broker-Dealers or the Registrable Notes covered by the applicable Registration
Statement; provided that no Issuer shall be required to (A) qualify
generally to do business in any jurisdiction where it is not then so qualified,
(B) take any action that would subject it to general service of process in
any such jurisdiction where it is not then so subject or (C) subject
itself to taxation in excess of a nominal dollar amount in any such
jurisdiction where it is not then so subject.

(i)            If
a Shelf Registration is filed pursuant to Section 3, cooperate with the
selling Holders of Registrable Notes, any Participating Broker-Dealer and the
managing underwriter or underwriters, if any, to facilitate the timely
preparation and delivery of certificates representing Registrable Notes to be
sold, which certificates shall not bear any restrictive legends and shall be in
a form eligible for deposit with The Depository Trust Company; and enable such
Registrable Notes to be in such denominations and registered in such names as
the managing underwriter or underwriters, if any, or Holders may reasonably
request.

(j)            Use
its best efforts to cause the Registrable Notes covered by the Registration
Statement to be registered with or approved by such governmental agencies or authorities
as may be necessary to enable the seller or sellers thereof or the underwriters,
if any, to consummate the disposition of such Registrable Notes, in which case
the Issuers will cooperate in all reasonable respects with the filing of such
Registration Statement and the granting of such approvals.

(k)           If
(1) a Shelf Registration is filed pursuant to Section 3, or (2) a
Prospectus contained in an Exchange Registration Statement filed pursuant to Section 2
is required to be delivered under the Securities Act by any Participating
Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period,
upon the occurrence of any event contemplated by paragraph 5(c)(v) or 5(c)(vi) hereof,
as promptly as practicable prepare and (subject to Section 5(a) hereof)
file with the Commission, at the Issuers’ sole expense, a supplement or
post-effective amendment to the Registration Statement or a supplement to the related
Prospectus or any document incorporated or deemed to be incorporated therein by
reference, or file any other required document so that, as thereafter delivered
to the purchasers of the Registrable Notes being sold thereunder or to the
purchasers of the Exchange Notes to whom such Prospectus will be delivered by a
Participating Broker-Dealer, any such Prospectus will not contain an untrue
statement of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading.

 13
 

 

 

(l)            Use
its commercially reasonable efforts to cause the Registrable Notes covered by a
Registration Statement to be rated with the appropriate rating agencies, if so
requested by the Holders of a majority in aggregate principal amount of
Registrable Notes covered by such Registration Statement or the managing
underwriter or underwriters, if any.

(m)          Prior
to the effective date of the first Registration Statement relating to the
Registrable Notes, (i) provide the Trustee with printed certificates for
the Registrable Notes or the Exchange Notes, as the case may be, in a form eligible
for deposit with the Depository Trust Company and (ii) provide a CUSIP
number for the Registrable Notes or the Exchange Notes, as the case may be.

(n)           In
connection with an underwritten offering of Registrable Notes pursuant to a
Shelf Registration, enter into an underwriting agreement as is customary in
underwritten offerings of debt securities similar to the Notes and take all
such other actions as are reasonably requested by the managing underwriter or
underwriters in order to expedite or facilitate the registration or the
disposition of such Registrable Notes and, in such connection, (i) make
such representations and warranties to the underwriters, with respect to the
business of the Issuers and their subsidiaries and the Registration Statement,
Prospectus and documents, if any, incorporated or deemed to be incorporated by
reference therein, in each case, as are customarily made by issuers to
underwriters in underwritten offerings of debt securities similar to the Notes,
and confirm the same in writing if and when requested; (ii) obtain the
opinion of counsel to the Issuers and updates thereof in form and substance
reasonably satisfactory to the managing underwriter or underwriters, addressed
to the underwriters covering the matters customarily covered in opinions
requested in underwritten offerings of debt securities similar to the Notes and
such other matters as may be reasonably requested by managing underwriters; and
(iii) obtain “cold comfort” letters and updates thereof in form and
substance reasonably satisfactory to the managing underwriter or underwriters
from the independent certified public accountants of the Issuers (and, if necessary,
any other independent certified public accountants of any subsidiary of any
Issuer or of any business acquired by the Company any Issuer for which
financial statements and financial data are, or are required to be, included in
the Registration Statement), addressed to each of the underwriters, such
letters to be in customary form and covering matters of the type customarily
covered in “cold comfort” letters in connection with underwritten offerings of
debt securities similar to the Notes and such other matters as are reasonably
requested by the managing underwriter or underwriters. The above shall be done
at each closing under such underwriting agreement, or as and to the extent required
thereunder.

(o)           If
(1) a Shelf Registration is filed pursuant to Section 3, or (2) a
Prospectus contained in an Exchange Registration Statement filed pursuant to Section 2
is required to be delivered under the Securities Act by any Participating
Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period,
make available for inspection by a representative of a majority in interest of
the selling Holders of such Registrable Notes being sold, and each Participating
Broker-Dealer, any underwriter participating in any such disposition of
Registrable Notes, if any, and any attorney, accountant or other agent retained
by any such representative, each Participating Broker-Dealer, as the case may
be, or underwriter (collectively, the “Inspectors”), at the offices
where normally kept, during reasonable business hours, all financial and other
records, pertinent corporate documents and properties of each Issuer and its
subsidiaries 

 14
 

 

 

(collectively, the “Records”) as shall be
reasonably necessary to enable them to exercise any applicable due diligence
responsibilities, and cause the officers, directors and employees of each
Issuer and its subsidiaries to supply all information reasonably requested by
any such Inspector in connection with such Registration Statement. Records
which an Issuer determines, in good faith, to be confidential and any Records
which it notifies the Inspectors are confidential shall not be disclosed by the
Inspectors unless (i) the disclosure of such Records is necessary to avoid
or correct a material misstatement or omission in such Registration Statement, (ii) the
release of such Records is ordered pursuant to a subpoena or other order from a
court of competent jurisdiction, (iii) the information in such Records has
been made generally available to the public other than as a result of a
disclosure or failure to safeguard by such Inspector or (iv) disclosure of
such information is, in the reasonable opinion of counsel for any Inspector,
necessary or advisable in connection with any action, claim, suit or
proceeding, directly or indirectly, involving or potentially involving such
Inspector and arising out of, based upon, related to, or involving this
Agreement, or any transactions contemplated hereby or arising hereunder. Each
selling Holder of such Registrable Notes and each Participating Broker-Dealer
will be required to agree that information obtained by it as a result of such
inspections shall be deemed confidential and shall not be used by it as the
basis for any transactions in the securities of any Issuer unless and until
such is made generally available to the public. Each Inspector, each selling
Holder of such Registrable Notes and each Participating Broker-Dealer will be
required to further agree that it will, upon learning that disclosure of such
Records is sought in a court of competent jurisdiction pursuant to clause (ii) or
(iv) of the previous sentence or otherwise, give notice to the Issuers and
allow the Issuers to undertake appropriate action to obtain a protective order
or otherwise prevent disclosure of the Records deemed confidential at its
expense.

(p)           Provide
an indenture trustee for the Registrable Notes or the Exchange Notes, as the
case may be, and cause the Indenture or the trust indenture provided for in Section 2(a),
as the case may be, to be qualified under the TIA not later than the effective
date of the Exchange Offer or the first Registration Statement relating to the
Registrable Notes; and in connection therewith, cooperate with the trustee
under any such indenture and the Holders of the Registrable Notes, to effect
such changes to such indenture as may be required for such indenture to be so
qualified in accordance with the terms of the TIA; and execute, and use its
best efforts to cause such trustee to execute, all documents as may be required
to effect such changes, and all other forms and documents required to be filed
with the Commission to enable such indenture to be so qualified in a timely
manner.

(q)           Comply
with all applicable rules and regulations of the Commission and make
generally available to its securityholders earnings statements satisfying the
provisions of Section 11(a) of the Securities Act and Rule 158
thereunder (or any similar rule promulgated under the Securities Act) no
later than 45 days after the end of any 12-month period (or 90 days after
the end of any 12-month period if such period is a fiscal year) (i) commencing
at the end of any fiscal quarter in which Registrable Notes are sold to underwriters
in a firm commitment or best efforts underwritten offering and (ii) if not
sold to underwriters in such an offering, commencing on the first day of the
first fiscal quarter of the Company after the effective date of a Registration
Statement, which statements shall cover said 12-month periods.

 15
 

 

 

(r)            Upon
consummation of the Exchange Offer or a Private Exchange, obtain an opinion of
counsel to the Issuers, in a form customary for underwritten transactions,
addressed to the Trustee for the benefit of all Holders of Registrable Notes
participating in the Exchange Offer or the Private Exchange, as the case may
be, that the Exchange Notes or the Private Exchange Securities, as the case may
be, the Guarantees and the related indenture constitute legally valid and
binding obligations of the Issuers, enforceable against the Issuers in accordance
with their respective terms.

(s)           If
the Exchange Offer or a Private Exchange is to be consummated, upon delivery of
the Registrable Notes by Holders to the Issuers (or to such other Person as
directed by the Company) in exchange for the Exchange Notes or the Private
Exchange Securities, as the case may be, the Issuers shall mark, or caused to
be marked, on such Registrable Notes that such Registrable Notes are being
cancelled in exchange for the Exchange Notes or the Private Exchange
Securities, as the case may be; in no event shall such Registrable Notes be
marked as paid or otherwise satisfied.

(t)            Cooperate
with each seller of Registrable Notes covered by any Registration Statement and
each underwriter, if any, participating in the disposition of such Registrable
Notes and their respective counsel in connection with any filings required to
be made with the NASD.

(u)           Use
its best efforts to take all other steps reasonably necessary to effect the
registration of the Registrable Notes covered by a Registration Statement
contemplated hereby.

The Issuers may require each seller of Registrable
Notes as to which any registration is being effected to furnish to the Issuers
such information regarding such seller and the distribution of such Registrable
Notes as the Issuers may, from time to time, reasonably request. The Issuers
may exclude from such registration the Registrable Notes of any seller who fails
to furnish such information within a reasonable time after receiving such
request. Each seller as to which any Shelf Registration Statement is being
effected agrees to furnish promptly to the Issuers all information required to
be disclosed in order to make the information previously furnished to the
Issuers by such seller not materially misleading.

Each Holder of Registrable Notes and each
Participating Broker-Dealer agrees by acquisition of such Registrable Notes or
Exchange Notes to be sold by such Participating Broker-Dealer, as the case may
be, that, upon receipt of any notice from the Issuers of the happening of any
event of the kind described in Section 5(c)(ii), 5(c)(iv), 5(c)(v), or
5(c)(vi) or a notice given in accordance with the last paragraph of this Section 5,
such Holder will forthwith discontinue disposition of such Registrable Notes
covered by such Registration Statement or Prospectus or Exchange Notes to be
sold by such Holder or Participating Broker-Dealer, as the case may be, and, in
each case, dissemination of such Prospectus until such Holder’s or
Participating Broker-Dealer’s receipt of the copies of the supplemented or
amended Prospectus contemplated by Section 5(k), or until it is advised in
writing (the “Advice”) by the Company that the use of the applicable
Prospectus may be resumed, and has received copies of any amendments or
supplements thereto. In the event the Issuers shall give any such notice, each
of the Effectiveness Period and the Applicable Period shall be extended by the
number of days during such periods from and including the date of the giving of
such notice to and including the date when each seller of Regis-

 16
 

 

 

trable Notes covered by such Registration Statement or
Exchange Notes to be sold by such Participating Broker-Dealer, as the case may
be, shall have received (x) the copies of the supplemented or amended
Prospectus contemplated by Section 5(k) or (y) the Advice.

Notwithstanding anything to the contrary in this
Agreement, if at any time or from time to time after the effective date of a
Shelf Registration filed pursuant to Section 2, the Company notifies in
writing each Holder of Registrable Notes to be sold pursuant to the Shelf Registration
of the existence of a Potential Material Event, the Holders shall not offer to
sell any Registrable Notes pursuant to the prospectus contained in such Shelf
Registration from the time of the giving of notice with respect to a Potential
Material Event until the Holders receive written notice from the Company that
such Potential Material Event either has been disclosed to the public or no
longer constitutes a Potential Material Event; provided, however,
that (i) in no event shall the effectiveness of such Shelf Registration be
suspended for a period of more than 30 days (a “Suspension Period”), (ii) the
Company may not declare Suspension Periods more than two (2) times in any
calendar year and (iii) in each such case the Effectiveness Period of the
Shelf Registration provided for in Section 2 shall be extended by the
number of days of the applicable Suspension Period pursuant to the foregoing
and Additional Interest shall not apply during the Suspension Period to the
extent that such Additional Interest is due solely as a result of the imposition
of the Suspension Period.

6.             Registration
Expenses

All fees and expenses incident to the performance of
or compliance with this Agreement by the Issuers shall be borne by the Issuers
whether or not the Exchange Offer or a Shelf Registration is filed or becomes
effective, including, without limitation, (i) all registration and filing
fees (including, without limitation, (A) fees with respect to filings
required to be made with the NASD in connection with an underwritten offering
and (B) fees and expenses of compliance with state securities or Blue Sky
laws (including, without limitation, reasonable fees and disbursements of
counsel in connection with Blue Sky qualifications of the Registrable Notes or
Exchange Notes and determination of the eligibility of the Registrable Notes or
Exchange Notes for investment under the laws of such jurisdictions (x) where
the holders of Registrable Notes are located, in the case of the Exchange
Notes, or (y) as provided in Section 5(h) hereof, in the case of
Registrable Notes or Exchange Notes to be sold by a Participating Broker-Dealer
during the Applicable Period)), (ii) printing expenses, including, without
limitation, expenses of printing certificates for Registrable Notes or Exchange
Notes in a form eligible for deposit with The Depository Trust Company and of
printing prospectuses if the printing of prospectuses is requested by the
managing underwriter or underwriters, if any, or by the Holders of a majority
in aggregate principal amount of the Registrable Notes included in any
Registration Statement or by any Participating Broker-Dealer, as the case may
be, (iii) reasonable messenger, telephone and delivery expenses incurred
in connection with the Exchange Registration Statement and any Shelf Registration,
(iv) fees and disbursements of counsel for the Issuers and fees and
disbursements of one firm of special counsel for the Initial Purchasers in
connection with the Exchange Offer and for the sellers of Registrable Notes in
connection with any Shelf Registration, (v) fees and disbursements of all
independent certified public accountants referred to in Section 5(n)(iii) (including,
without limitation, the expenses of any special audit and “cold comfort”
letters required by or incident to such performance in accordance with this
Agreement), (vi) rating agency fees, 

 17
 

 

 

(vii) Securities Act liability insurance, if any
Issuer desires such insurance, (viii) fees and expenses of all other
Persons retained by the Issuers, (ix) internal expenses of the Issuers
(including, without limitation, all salaries and expenses of officers and
employees of the Issuers performing legal or accounting duties), (x) the
expense of any annual or special audit, (xi) the fees and expenses
incurred in connection with the listing of the securities to be registered on
any securities exchange, (xi) the fees and disbursements of underwriters,
if any, customarily paid by issuers or sellers of securities (but not including
any underwriting discounts or commissions or transfer taxes, if any,
attributable to the sale of the Registrable Notes, which discounts, commissions
or taxes shall be paid by Holders of such Registrable Notes) and
(xiii) the expenses relating to printing, word processing and distributing
all Registration Statements, underwriting agreements, securities sales
agreements, indentures and any other documents necessary in order to comply
with this Agreement.

7.             Indemnification

(a)           Each
of the Issuers jointly and severally agrees to indemnify and hold harmless each
Holder of Registrable Notes, any Participating Broker-Dealer and each person,
if any, who controls such Holder or such Participating Broker-Dealer within the
meaning of the Securities Act or the Exchange Act (each Holder, any
Participating Broker-Dealer and such controlling persons are referred to
collectively as the “Indemnified Parties”) from and against any losses,
claims, damages or liabilities, joint or several, or any actions in respect
thereof (including, without limitation, the reasonable legal fees and other
reasonable expenses actually incurred in connection with any suit, action or
proceeding or any claim asserted) caused by, arising out of or based upon any
untrue statement or alleged untrue statement of a material fact contained in
any Registration Statement or Prospectus relating to purchases and sales of the
Registrable Notes) or in any amendment or supplement thereto or in any
preliminary prospectus or “issuer free writing prospectus,” as defined in Rule 433
under the Securities Act (“Issuer FWP”), relating to a Shelf
Registration, or caused by, arising out of, or based upon any omission or
alleged omission to state therein, in the light of the circumstances under
which they were made, a material fact required to be stated therein or
necessary to make the statements therein not misleading, and shall reimburse,
as incurred, the Indemnified Parties for any legal or other expenses reasonably
incurred by them in connection with investigating or defending any such loss,
claim, damage, liability or action in respect thereof; provided, however,
that (i) the Issuers shall not be liable in any such case to the extent
that such loss, claim, damage or liability arises out of or is based upon any
untrue statement or alleged untrue statement or omission or alleged omission
made in a Registration Statement or prospectus or in any amendment or
supplement thereto or in any preliminary Prospectus or Issuer FWP relating to a
Shelf  Registration in reliance upon and
in conformity with written information pertaining to such Holder and furnished
to the Issuers by or on behalf of such Holder specifically for inclusion
therein and (ii) with respect to any untrue statement or omission or
alleged untrue statement or omission made in any preliminary prospectus
relating to a Shelf Registration Statement, the indemnity agreement contained
in this subsection (a) shall not inure to the benefit of any Holder or
Participating Broker-Dealer from whom the person asserting any such losses,
claims, damages or liabilities purchased the Registrable Notes concerned, to
the extent that a prospectus relating to such Registrable Notes or Exchange
Notes was required to be delivered (including through satisfaction of the conditions
of  Rule 172 under the Securities
Act) by such Holder or Participating Broker-Dealer under the Securities Act in 

 18
 

 

 

connection with such purchase and any such loss,
claim, damage or liability of such Holder or Participating Broker-Dealer results
from the fact that there was not conveyed to such person, at or prior to the
time of the sale of such Registrable Notes to such person, an amended or supplemented
prospectus or, if permitted by Section 5(a), an Issuer FWP correcting such
untrue statement or omission or alleged untrue statement or omission if the
Issuers had previously furnished copies thereof to such Holder or Participating
Broker-Dealer; provided further, however,
that this indemnity agreement will be in addition to any liability which the
Issuers may otherwise have to such Indemnified Party. The Issuers shall also
indemnify underwriters, their officers and directors and each person who
controls such underwriters within the meaning of the Securities Act or the
Exchange Act to the same extent as provided above with respect to the
indemnification of the Holders of the Registrable Notes if requested by such
Holders.

(b)           Each
Holder of the Registrable Notes or Exchange Notes, severally and not jointly,
will indemnify and hold harmless the Issuers and each person, if any, who
controls the Issuers within the meaning of the Securities Act or the Exchange
Act from and against any losses, claims, damages, liabilities or any actions in
respect thereof, to which the Issuers or any such controlling person may become
subject under the Securities Act, the Exchange Act or otherwise, insofar as
such losses, claims, damages, liabilities or actions arise out of or are based
upon any untrue statement or alleged untrue statement of a material fact
contained in a Registration Statement or prospectus or in any amendment or
supplement thereto or in any preliminary Prospectus or Issuer FWP relating to a
Shelf Registration, or arise out of or are based upon the omission or alleged
omission to state therein a material fact necessary to make the statements
therein not misleading, but in each case only to the extent that the untrue
statement or omission or alleged untrue statement or omission was made in
reliance upon and in conformity with written information pertaining to such
Holder and furnished to the Issuers by or on behalf of such Holder specifically
for inclusion therein; and, subject to the limitation set forth immediately preceding
this clause, shall reimburse, as incurred, the Issuers for any legal or other
expenses reasonably incurred by the Issuers or any such controlling person in
connection with investigating or defending any loss, claim, damage, liability
or action in respect thereof. This indemnity agreement will be in addition to
any liability which such Holder may otherwise have to the Issuers or any of its
controlling persons.

(c)           Promptly
after receipt by an indemnified party under this Section 7 of notice of
the commencement of any action or proceeding (including a governmental
investigation), such Indemnified Party will, if a claim in respect thereof is
to be made against the Indemnifying Party under this Section 7, notify the
Indemnifying Party of the commencement thereof; but the failure to notify the
Indemnifying Party shall not relieve the Indemnifying Party from any liability
that it may have under subsection (a) or (b) above except to the
extent that it has been materially prejudiced (through the forfeiture of
substantive rights or defenses) by such failure; and provided further that the failure to notify the Indemnifying Party
shall not relieve it from any liability that it may have to an Indemnified
Party otherwise than under subsection (a) or (b) above. In case any
such action is brought against any indemnified party, and it notifies the
Indemnifying Party of the commencement thereof, the Indemnifying Party will be
entitled to participate therein and, to the extent that it may wish, jointly
with any other Indemnifying Party similarly notified, to assume the defense
thereof, with counsel reasonably satisfactory to such Indemnified Party (who
shall not, except with the consent of the indemnified party, be counsel to the
Indemnifying 

 19
 

 

 

Party), and after notice from the Indemnifying Party
to such Indemnified Party of its election so to assume the defense thereof the
Indemnifying Party will not be liable to such Indemnified Party under this Section 7
for any legal or other expenses, other than reasonable costs of investigation,
subsequently incurred by such Indemnified Party in connection with the defense
thereof. No Indemnifying Party shall, without the prior written consent of the
indemnified party, effect any settlement of any pending or threatened action in
respect of which any Indemnified Party is or could have been a party and indemnity
could have been sought hereunder by such Indemnified Party unless such
settlement (i) includes an unconditional release of such Indemnified Party
from all liability on any claims that are the subject matter of such action,
and (ii) does not include a statement as to or an admission of fault,
culpability or a failure to act by or on behalf of any indemnified party.

(d)           If
the indemnification provided for in this Section 7 is unavailable or insufficient
to hold harmless an Indemnified Party under subsections (a) or (b) above,
then each Indemnifying Party shall contribute to the amount paid or payable by
such Indemnified Party as a result of the losses, claims, damages or
liabilities (or actions in respect thereof) referred to in subsection (a) or
(b) above (i) in such proportion as is appropriate to reflect the
relative benefits received by the Indemnifying Party or parties on the one hand
and the Indemnified Party on the other from the exchange of the Registrable
Notes, pursuant to the Registered Exchange Offer, or (ii) if the
allocation provided by the foregoing clause (i) is not permitted by
applicable law, in such proportion as is appropriate to reflect not only the
relative benefits referred to in clause (i) above but also the relative
fault of the Indemnifying Party or parties on the one hand and the Indemnified
Party on the other in connection with the statements or omissions that resulted
in such losses, claims, damages or liabilities (or actions in respect thereof)
as well as any other relevant equitable considerations. The relative fault of
the parties shall be determined by reference to, among other things, whether
the untrue or alleged untrue statement of a material fact or the omission or
alleged omission to state a material fact relates to information supplied by
the Issuers on the one hand or such Holder or such other indemnified party, as
the case may be, on the other, and the parties’ relative intent, knowledge,
access to information and opportunity to correct or prevent such statement or
omission. The amount paid by an Indemnified Party as a result of the losses,
claims, damages or liabilities referred to in the first sentence of this
subsection (d) shall be deemed to include any legal or other expenses
reasonably incurred by such Indemnified Party in connection with investigating
or defending any action or claim which is the subject of this subsection (d). Notwithstanding
any other provision of this Section 7(d), the Holders of the Registrable
Notes shall not be required to contribute any amount in excess of the amount by
which the net proceeds received by such Holders from the sale of the
Registrable Notes pursuant to a Registration Statement exceeds the amount of
damages which such Holders have otherwise been required to pay by reason of
such untrue or alleged untrue statement or omission or alleged omission. No
person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of
the Securities Act) shall be entitled to contribution from any person who was
not guilty of such fraudulent misrepresentation. For purposes of this paragraph
(d), each person, if any, who controls such Indemnified Party within the
meaning of the Securities Act or the Exchange Act shall have the same rights to
contribution as such Indemnified Party and each person, if any, who controls
the Issuers within the meaning of the Securities Act or the Exchange Act shall
have the same rights to contribution as the Issuers.

 20
 

 

 

(e)           The
agreements contained in this Section 7 shall survive the sale of the
Securities pursuant to a Registration Statement and shall remain in full force
and effect, regardless of any termination or cancellation of this Agreement or
any investigation made by or on behalf of any indemnified party.

8.             Rules 144
and 144A

Each of the Issuers covenants that it will file the
reports required to be filed by it under the Securities Act and the Exchange
Act and the rules and regulations adopted by the Commission thereunder in
a timely manner and, if at any time it is not required to file such reports, it
will, upon the request of any Holder of Registrable Notes, make publicly
available other information so long as necessary to permit sales pursuant to Rule 144
and Rule 144A under the Securities Act. Each of the Issuers further
covenants, for so long as any Registrable Notes remain outstanding, to make
available to any Holder or beneficial owner of Registrable Notes in connection
with any sale thereof and any prospective purchaser of such Registrable Notes
from such Holder or beneficial owner, the information required by Rule 144A(d)(4) under
the Securities Act in order to permit resales of such Registrable Notes
pursuant to Rule 144A.

9.             Underwritten
Registrations

If any of the Registrable Notes covered by any Shelf
Registration are to be sold in an underwritten offering, the investment banker
or investment bankers and manager or managers that will manage the offering
will be selected by the Holders of a majority in aggregate principal amount of
such Registrable Notes included in such offering and reasonably acceptable to
the Issuers.

No Holder of Registrable Notes may participate in any
underwritten registration hereunder unless such Holder (a) agrees to sell such
Holder’s Registrable Notes on the basis provided in any underwriting
arrangements approved by the Persons entitled hereunder to approve such
arrangements and (b) completes and executes all questionnaires, powers of
attorney, indemnities, underwriting agreements and other documents required
under the terms of such underwriting arrangements.

10.           Miscellaneous

(a)           Remedies.
In the event of a breach by any Issuer of any of its obligations under this
Agreement, each Holder of Registrable Notes and each Participating
Broker-Dealer holding Exchange Notes, in addition to being entitled to exercise
all rights provided herein, in the Indenture or, in the case of an Initial
Purchaser, in the Purchase Agreement, or granted by law, including recovery of
damages, will be entitled to specific performance of its rights under this
Agreement. Each Issuer agrees that monetary damages would not be adequate
compensation for any loss incurred by reason of a breach by it of any of the
provisions of this Agreement and hereby further agrees that, in the event of
any action for specific performance in respect of such breach, it shall waive
the defense that a remedy at law would be adequate.

(b)           No
Inconsistent Agreements. None of the Issuers has entered, as of the date
hereof, and none of the Issuers shall enter, after the date of this Agreement,
into any agree-

 21
 

 

 

ment with respect to any of its securities that is
inconsistent with the rights granted to the Holders of Registrable Notes in
this Agreement or otherwise conflicts with the provisions hereof. None of the
Issuers has entered and none of the Issuers shall enter into any agreement with
respect to any of its securities which will grant to any Person piggy-back
rights with respect to a Registration Statement.

(c)           [Reserved].

(d)           Amendments
and Waivers. The provisions of this Agreement may not be amended, modified
or supplemented, and waivers or consents to departures from the provisions
hereof may not be given, otherwise than with the prior written consent of (A) the
Holders of not less than a majority in aggregate principal amount of the then
outstanding Registrable Notes and (B) in circumstances that would
adversely affect Participating Broker-Dealers, the Participating Broker-Dealers
holding not less than a majority in aggregate principal amount of the Exchange
Notes held by all Participating Broker-Dealers; provided, however, that Section 7
and this Section 10(d) may not be amended, modified or supplemented
without the prior written consent of each Holder and each Participating
Broker-Dealer. Notwithstanding the foregoing, a waiver or consent to depart
from the provisions hereof with respect to a matter that relates exclusively to
the rights of Holders of Registrable Notes whose securities are being tendered
pursuant to the Exchange Offer or sold pursuant to a Registration Statement and
that does not directly or indirectly affect, impair, limit or compromise the
rights of other Holders of Registrable Notes may be given by Holders of at
least a majority in aggregate principal amount of the Registrable Notes being
tendered or being sold by such Holders pursuant to such Registration Statement.

(e)           Notices.
All notices and other communications provided for or permitted hereunder shall
be made in writing by hand delivery, registered first-class mail, next-day air
courier or telecopier:

1.             if
to a Holder of Registrable Notes or any Participating Broker-Dealer, at the
most current address of such Holder or Participating Broker-Dealer, as the case
may be, set forth on the records of the registrar under the Indenture, with a
copy in like manner to the Initial Purchasers as follows:

Credit Suisse Securities (USA) LLC

CIBC World Markets Corp.

Libra Securities, LLC

Wells Fargo Securities, LLC

KeyBanc Capital Markets, a Division of
McDonald Investments Inc.

c/o Credit Suisse Securities (USA) LLC

Eleven Madison Avenue

New York, New York  10010

Fax No.:  (212) 325-4296

Attention:  Transactions Advisory Group

 22
 

 

 

with a copy to:

Cahill Gordon & Reindel LLP

80 Pine Street

New York, New York  10005

Facsimile No.:  (212) 269-5420

Attention:  Geoffrey Liebmann, Esq.

2.             if
to the Initial Purchasers, at the address specified in Section 10(e)(1);

3.             if
to the Issuers, as follows:

Jacobs Entertainment, Inc.

17301 W. Colfax Avenue

Suite 250

Golden, Colorado  80410

Facsimile No.:  (303) 215-5219

Attention:  President

with copies to:

Baker & Hostetler LLP

1900 East 9th Street

3700 National Center

Cleveland, Ohio  44114

Facsimile No.:  (216) 696-0740

Attention:  Robert A. Weible, Esq.

All such notices and communications shall be deemed to
have been duly given:  when delivered by
hand, if personally delivered; five Business Days after being deposited in the
mail, postage prepaid, if mailed; one Business Day after being timely delivered
to a next-day air courier guaranteeing overnight delivery; and when receipt is
acknowledged by the addressee, if telecopied.

Copies of all such notices, demands or other
communications shall be concurrently delivered by the Person giving the same to
the Trustee under the Indenture at the address specified in such Indenture.

(f)            Successors
and Assigns. This Agreement shall inure to the benefit of and be binding
upon the successors and assigns of each of the parties hereto and the Holders;
provided, however, that this Agreement shall not inure to the benefit of or be
binding upon a successor or assign of a Holder unless, and only to the extent
such successor or assign holds Registrable Notes.

(g)           Counterparts.
This Agreement may be executed in any number of counterparts and by the parties
hereto in separate counterparts, each of which when so executed shall 

 23
 

 

 

be deemed to be an original and all of which taken
together shall constitute one and the same agreement.

(h)           Headings.
The headings in this Agreement are for convenience of reference only and shall
not limit or otherwise affect the meaning hereof.

(i)            Governing
Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK, AS APPLIED TO CONTRACTS MADE AND PERFORMED
WITHIN THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.
EACH OF THE PARTIES HERETO AGREES TO SUBMIT TO THE JURISDICTION OF THE COURTS
OF THE STATE OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING
TO THIS AGREEMENT.

(j)            Severability.
If any term, provision, covenant or restriction of this Agreement is held by a
court of competent jurisdiction to be invalid, illegal, void or unenforceable,
the remainder of the terms, provisions, covenants and restrictions set forth
herein shall remain in full force and effect and shall in no way be affected,
impaired or invalidated, and the parties hereto shall use their best efforts to
find and employ an alternative means to achieve the same or substantially the
same result as that contemplated by such term, provision, covenant or
restriction. It is hereby stipulated and declared to be the intention of the
parties that they would have executed the remaining terms, provisions, covenants
and restrictions without including any of such that may be hereafter declared
invalid, illegal, void or unenforceable.

(k)           Notes
Held by any Issuer or their Affiliates. Whenever the consent or approval of
Holders of a specified percentage of Registrable Notes is required hereunder,
Registrable Notes held by any Issuer or its affiliates (as such term is defined
in Rule 405 under the Securities Act) shall not be counted in determining
whether such consent or approval was given by the Holders of such required
percentage.

(l)            Third
Party Beneficiaries. Holders of Registrable Notes and Participating
Broker-Dealers are intended third party beneficiaries of this Agreement and
this Agreement may be enforced by such Persons.

(m)          Entire
Agreement. This Agreement, together with the Purchase Agreement and the
Indenture, is intended by the parties as a final and exclusive statement of the
agreement and understanding of the parties hereto in respect of the subject
matter contained herein and therein and any and all prior oral or written
agreements, representations, or warranties, contracts, understandings,
correspondence, conversations and memoranda among the Initial Purchasers on the
one hand and the Issuers on the other, or between or among any agents, representatives,
parents, subsidiaries, affiliates, predecessors in interest or successors in
interest with respect to the subject matter hereof and thereof are merged
herein and replaced hereby.

(n)           Joint
and Several Obligations. All of the obligations of the Issuers hereunder
shall be joint and several obligations of each of them.

 

 24

 

IN WITNESS WHEREOF, the parties have executed this
Agreement as of the date first written above.

	
   

  	
  JACOBS ENTERTAINMENT, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Jeffrey P. Jacobs

  
	
   

  	
  By:

  	
  Jeffrey P. Jacobs

  
	
   

  	
  Its:

  	
  Chief Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SUBSIDIARY GUARANTORS:

  
	
   

  	
   

  	
   

  
	
   

  	
  JACOBS PIÑON PLAZA ENTERTAINMENT, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Jeffrey P. Jacobs

  
	
   

  	
  By:

  	
  Jeffrey P. Jacobs

  
	
   

  	
  Its:

  	
  President

  
	
   

  	
   

  	
   

  
	
   

  	
  JACOBS ELKO ENTERTAINMENT, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Jeffrey P. Jacobs

  
	
   

  	
  By:

  	
  Jeffrey P. Jacobs

  
	
   

  	
  Its:

  	
  President

  

 

 S-1
 

 

 

	
   

  	
  /s/ Stephen R. Roark

  
	
   

  	
  Stephen R. Roark, signing on behalf of the

  
	
   

  	
  entities listed below in the capacity listed

  
	
   

  	
  next to each respective entity:

  
	
   

  	
  BLACK HAWK GAMING & DEVELOPMENT COMPANY,
  INC., as its President

  
	
   

  	
  GOLD DUST WEST CASINO, INC., as its Vice President

  
	
   

  	
  GILPIN VENTURES, INC., as its President

  
	
   

  	
  JALOU L.L.C., as its President and Manager

  
	
   

  	
  JALOU II INC., as its President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GILPIN HOTEL VENTURE

  
	
   

  	
  By:

  	
  Gilpin Ventures, Inc., its partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Stephen R. Roark

  
	
   

  	
   

  	
  Name:

  	
  Stephen R. Roark

  
	
   

  	
   

  	
  Its:

  	
  President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Black Hawk Gaming & Development
  Company, Inc., its partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Stephen R. Roark

  
	
   

  	
   

  	
  Name:

  	
  Stephen R. Roark

  
	
   

  	
   

  	
  Its:

  	
  President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  BLACK HAWK/JACOBS ENTERTAINMENT, LLC

  
	
   

  	
  By:

  	
  Black Hawk Gaming & Development
  Company, Inc.

  
	
   

  	
  Its:

  	
  Authorized Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Stephen R. Roark

  
	
   

  	
   

  	
  Name:

  	
  Stephen R. Roark

  
	
   

  	
   

  	
  Its:

  	
  President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  DIVERSIFIED OPPORTUNITIES GROUP LTD.

  
	
   

  	
  By 

  	
  Jacobs Entertainment, Inc., its Managing Member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Stephen R. Roark

  
	
   

  	
   

  	
  Name:

  	
  Stephen R. Roark

  
	
   

  	
   

  	
  Its:

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  JACOBS DAKOTA WORKS, LLC

  
	
   

  	
  By: 

  	
  Jacobs Entertainment, Inc., its Sole Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Stephen R. Roark

  
	
   

  	
   

  	
  Name:

  	
  Stephen R. Roark

  
	
   

  	
   

  	
  Its:

  	
  Chief Financial Officer

  

 

 S-2
 

 

 

	
   

  	
  /s/ Stan Guidroz

  
	
   

  	
  Stan Guidroz, signing on behalf of the

  
	
   

  	
  entities listed below in the capacity

  
	
   

  	
  listed next to each respective entity:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  WINNER’S CHOICE CASINO, INC., as its President

  
	
   

  	
  JACE, INC., as its President

  
	
   

  	
  FUEL STOP 36, INC., as its President

  
	
   

  	
  HOUMA TRUCK PLAZA & CASINO, L.L.C., as its
  President and Manager

  
	
   

  	
  JALOU - CASH’S L.L.C., its President and Manager

  
	
   

  	
  LUCKY MAGNOLIA TRUCK STOP AND CASINO, L.L.C., as its
  President and Manager

  
	
   

  	
  BAYOU VISTA TRUCK PLAZA AND CASINO, L.L.C., as its President
  and Manager

  
	
   

  	
  RACELAND TRUCK PLAZA AND CASINO, L.L.C., as its
  President and Manager

  
	
   

  	
  JRJ PROPERTIES, LLC, as its President and Manager

  
	
   

  	
  JALOU OF LAROSE, LLC, as its President and Manager

  
	
   

  	
  JALOU BREAUX BRIDGE, LLC, as its President and
  Manager

  
	
   

  	
  JALOU EUNICE, LLC, as its President and Manager

  
	
   

  	
  JALOU OF ST. MARTIN, L.L.C., as its President and
  Manager

  
	
   

  	
  JALOU DIAMOND, L.L.C., as its President and Manager

  
	
   

  	
  JALOU MAGIC, L.L.C., as its President and Manager

  
	
   

  	
  JALOU OF VINTON, LLC, as its President and Manager

  
	
   

  	
  JALOU OF VINTON-BINGO, LLC, as its President and
  Manager

  
	
   

  	
  JALOU OF ST. HELENA, LLC, as its President and Manager

  
	
   

  	
  JALOU OF JEFFERSON, LLC, as its President and Manager

  

 

 S-3
 

 

 

	
   

  	
  /s/ Ian M. Stewart

  
	
   

  	
  Ian M. Stewart, signing on behalf of the

  
	
   

  	
  Entities listed below in the capacity

  
	
   

  	
  listed next to each respective entity:

  
	
   

  	
   

  
	
   

  	
  COLONIAL HOLDINGS, INC., as its President

  
	
   

  	
  STANSLEY RACING CORP., as its President

  
	
   

  	
  COLONIAL DOWNS, LLC, as its President

  
	
   

  	
  VIRGINIA CONCESSIONS, L.L.C., as its Vice President

  
	
   

  	
  MARYLAND-VIRGINIA RACING CIRCUIT, INC., as its
  President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  COLONIAL DOWNS, L.P.

  
	
   

  	
  By:

  	
  Stansley Racing Corp., its General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Ian M. Stewart

  
	
   

  	
   

  	
  Name:

  	
  Ian M. Stewart

  
	
   

  	
   

  	
  Its:

  	
  President

  

 

 S-4
 

 

 

	
  Accepted
  and agreed:

  	
   

  
	
   

  	
   

  	
   

  
	
  CREDIT SUISSE SECURITIES (USA) LLC

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Dean J. Decker

  	
   

  
	
   

  	
  Name: Dean J. Decker

  	
   

  
	
   

  	
  Title: Managing Director

  	
   

  

 

Acting on behalf of
itself and as the

Representative of the several Purchasers

 S-5

 

Schedule
A

Subsidiaries of the
Company

	
  Corporate Name

  	
   

  	
  Type of 

  Entity

  	
   

  	
  State of

  Formation

  
	
  Black Hawk
  Gaming & Development Company, Inc.

  	
   

  	
  corporation

  	
   

  	
  Colorado

  
	
  Gold Dust West Casino, Inc.

  	
   

  	
  corporation

  	
   

  	
  Nevada

  
	
  Black Hawk/Jacobs
  Entertainment, LLC

  	
   

  	
  limited
  liability company

  	
   

  	
  Colorado

  
	
  Gilpin Hotel Venture

  	
   

  	
  general partnership

  	
   

  	
  Colorado

  
	
  Gilpin
  Ventures, Inc.

  	
   

  	
  corporation

  	
   

  	
  Colorado

  
	
  Jalou II Inc.

  	
   

  	
  corporation

  	
   

  	
  Louisiana

  
	
  Winner’s Choice Casino, Inc.

  	
   

  	
  corporation

  	
   

  	
  Louisiana

  
	
  Diversified Opportunities
  Group Ltd.

  	
   

  	
  limited
  liability company

  	
   

  	
  Ohio

  
	
  Jalou L.L.C.

  	
   

  	
  limited
  liability company

  	
   

  	
  Louisiana

  
	
  Houma Truck
  Plaza & Casino, L.L.C.

  	
   

  	
  limited
  liability company

  	
   

  	
  Louisiana

  
	
  Jalou - Cash’s L.L.C.

  	
   

  	
  limited liability
  co mpany

  	
   

  	
  Louisiana

  
	
  JACE, Inc.

  	
   

  	
  corporation

  	
   

  	
  Louisiana

  
	
  Lucky Magnolia Truck
  Stop and Casino, L.L.C.

  	
   

  	
  limited
  liability company

  	
   

  	
  Louisiana

  
	
  Bayou Vista Truck Plaza
  and Casino, L.L.C.

  	
   

  	
  limited
  liability company

  	
   

  	
  Louisiana

  
	
  Raceland Truck Plaza
  and Casino, L.L.C.

  	
   

  	
  limited
  liability company

  	
   

  	
  Louisiana

  
	
  JRJ Properties, LLC

  	
   

  	
  limited
  liability company

  	
   

  	
  Louisiana

  
	
  Fuel Stop 36, Inc.

  	
   

  	
  corporation

  	
   

  	
  Louisiana

  
	
  Jalou of Larose, LLC

  	
   

  	
  limited
  liability company

  	
   

  	
  Louisiana

  
	
  Jalou Breaux Bridge,
  LLC

  	
   

  	
  limited
  liability company

  	
   

  	
  Louisiana

  
	
  Jalou of Jefferson, LLC

  	
   

  	
  limited
  liability company

  	
   

  	
  Louisiana

  
	
  Jalou Eunice, LLC

  	
   

  	
  limited
  liability company

  	
   

  	
  Louisiana

  
	
  Jalou of St. Martin L.L.C.

  	
   

  	
  limited liability company

  	
   

  	
  Louisiana

  

 

 

 

	
  Jalou Diamond L.L.C.

  	
   

  	
  limited liability company

  	
   

  	
  Louisiana

  
	
  Jalou Magic L.L.C.

  	
   

  	
  limited
  liability company

  	
   

  	
  Louisiana

  
	
  Jalou of Vinton, LLC

  	
   

  	
  limited
  liability company

  	
   

  	
  Louisiana

  
	
  Jalou of Vinton-Bingo,
  LLC

  	
   

  	
  limited
  liability company

  	
   

  	
  Louisiana

  
	
  Jalou of St. Helena,
  LLC

  	
   

  	
  limited
  liability company

  	
   

  	
  Louisiana

  
	
  Colonial
  Holdings, Inc.

  	
   

  	
  corporation

  	
   

  	
  Virginia

  
	
  Stansley Racing Corp.

  	
   

  	
  corporation

  	
   

  	
  Virginia

  
	
  Colonial Downs, L.P.

  	
   

  	
  limited partnership

  	
   

  	
  Virginia

  
	
  Colonial Downs, LLC

  	
   

  	
  limited
  liability company

  	
   

  	
  Virginia

  
	
  Jacobs Piñon Plaza Entertainment, Inc.

  	
   

  	
  corporation

  	
   

  	
  Nevada

  
	
  Jacobs Elko Entertainment, Inc.

  	
   

  	
  corporation

  	
   

  	
  Nevada

  
	
  Jacobs Dakota Works,
  LLC

  	
   

  	
  limited
  liability company

  	
   

  	
  Colorado

  
	
  Virginia Concessions,
  LLC

  	
   

  	
  limited
  liability company

  	
   

  	
  Virginia

  
	
  Maryland-Virginia Racing Circuit, Inc.

  	
   

  	
  corporation

  	
   

  	
  Virginia

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}]]