Document:

EXHIBIT 10.43

 

AMENDED
AND RESTATED SHARED SERVICES AGREEMENT

 

THIS
AMENDED AND RESTATED SHARED SERVICES AGREEMENT (the “Agreement”) is dated as of January 16,
2009 by and among HERBST GAMING, INC.,
a Nevada corporation (“HG”), whose address is 3440 W. Russell Road, Las
Vegas, Nevada, 8911, and, collectively, BERRY-HINCKLEY INDUSTRIES,
a Nevada corporation, whose address is 5195 Las Vegas Blvd. South, Las Vegas,
Nevada 89119 and TERRIBLE HERBST, INC., a Nevada
corporation (collectively, “TH”), whose address is 5195 Las Vegas Blvd.
South, Las Vegas, Nevada 89119.  HG and
TH are sometimes individually referred to as a “Party” and collectively
as the “Parties”.

 

WHEREAS, HG and TH have
entered into that certain Shared Services Agreement dated as of January 9,
2008 (the “2008 Agreement”) with respect to the provision of certain
services to TH by HG;

 

WHEREAS, HG and TH wish
to amend and restate the 2008 Agreement to provide for the provision of
services by TH to HG, as well as the provision of services by HG to TH,
effective as of January 1, 2009.

 

WHEREAS, subject to the
terms and conditions set forth herein, TH desires to reimburse HG for certain
employees of HG who are listed on the attached Exhibit A (the “HG
Employees”) that perform services (the “HG Services”) for TH as
requested from time to time and as set forth on Exhibit A;

 

WHEREAS, subject to the
terms and conditions set forth herein, HG desires that the HG Employees perform
the HG Services for TH and charge TH for the costs associated with the HG Services;

 

WHEREAS, subject to the
terms and conditions set forth herein, HG desires to reimburse TH for certain
employees of TH who are listed on the attached Exhibit A (the “TH
Employees” and, with the HG Employees, the “Employees”) that perform
services (the “TH Services” and, with the HG Services, the “Services”)
for HG as requested from time to time and as set forth on Exhibit A ;

 

WHEREAS, subject to the
terms and conditions set forth herein, TH desires that the TH Employees perform
the TH Services for HG and charge HG for the costs associated with the TH
Services; and

 

NOW, THEREFORE, in
consideration of the foregoing recitals and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, HG
and TH agree as follows:

 

1.                                       Specifications of Work.

 

1.1                                 General Services.

 

(a)  The Parties
agree that the general scope and results of the HG Services to be performed by
the HG Employees shall be determined by TH and consist primarily of the
day-to-day functions of TH.

 

(b)  The Parties
agree that the general scope and results of the TH Services to be performed by
the TH Employees shall be determined by HG and consist primarily of (i) maintaining
the price books for certain HG service station locations; and (ii) providing
management oversight of the service station operations at the Primm sites.

 

1.2           Substitution of
Individuals.  In the event
that an HG Employee or TH Employee resigns as an employee of HG or TH, as
applicable, or has been terminated by HG or TH as an employee, as applicable (a
“Termination Event”), the Party whose employee has resigned or been
terminated (the “Affected Employer”) shall provide notice of such
Termination Event to the other Party (the “Affected Party”).  If an HG Employee or a TH Employee is subject
to a Termination Event: (i) the Affected Employer shall use its reasonable
efforts to replace or substitute another individual as an employee but shall
not have any liability to the Affected Party for its failure to do so; (ii) the
Affected Employer shall provide written notice to the Affected Party of such
replacement or substitute employee; and (iii) the Parties shall consent in
writing to the amendment of the attached Exhibit A, including the
salary, the benefit cost and the allocation percentage (the “Allocation
Percentage”) attributable to such replacement or substituted Employee,
which consent shall not be unreasonably withheld

 

2.                                       Term. 
Subject to the terms and conditions set forth herein, this Agreement
shall commence on the Effective Date and continue in full force and effect for
one year (the “Term”), unless terminated as provided herein, and the
Term shall, unless terminated by mutual written agreement by the Parties, be
automatically extended for an additional one year period.

 

 

 

3.                                       Fees.

 

3.1                                 Consideration.

 

(a)  In
consideration of furnishing the HG Services, fees shall be allocated and
payable to HG (the “HG Fee”) in an amount equal to the Allocation
Percentage multiplied by the HG Employees’ salaries plus the costs of the
benefits, including, without limitation, the costs of group health insurance
and disability insurance (the “HG Employee Benefits”), as set forth in
the attached Exhibit A.  The
Allocation Percentage is based on the percentage of employees employed by TH
and HG, respectively, as set forth in Exhibit A.

 

(b)  In
consideration of furnishing the TH Services, fees shall be allocated and
payable to TH (the “TH Fees” and, with the HG Fee, the “Fee”)  in an amount equal to the Allocation
Percentage multiplied by the TH Employees’ salaries plus the costs of the
benefits, including, without limitation, the costs of group health insurance
and disability insurance (the “TH Employee Benefits” and together with
the HG Employee Benefits, the “Benefits”), as set forth in the attached Exhibit A.

 

(c)  By January 15
of each successive year, the Parties shall submit to each other the following: (i) a
list of Employees currently employed, (ii) the total number of employees
employed by each entity, respectively, (iii) the percentage of employees
employed by each entity respectively and (iv) the total amount of the
Benefits for the Employees for the preceding year; The TH and HG Fees for the
following year shall then be calculated based on (i) — (iv), and Exhibit A
shall be amended accordingly.

 

3.2                                 Payment. 
The HG Fees, offset by the TH Fees, shall be paid by TH to HG in arrears
monthly no later than the tenth day of each month for the immediately preceding
calendar month, and if not paid by the end of the immediately preceding
calendar month shall be deemed a default hereunder.  All Fees not paid on or prior to such due
date shall be subject to a monthly late charge of eight percent (8%) of the
unpaid balance.

 

4.                                       Ownership Rights. 
All right, title and interest in and to all products, services and
materials provided to TH by the HG Employees under this Agreement shall be and
remain the property of HG, and all right, title and interest in and to all
products, services and materials provided to HG by the TH Employees under this
Agreement shall be and remain the property of TH.  The Parties shall have no right, title or
interest in or to any products, services or materials that are produced in
connection with the Services performed by the employees of the other Party
pursuant to the terms of this Agreement. 
With specific regard to Sean Higgins, that fact that he is a shared
employee shall not impair, limit or waive the attorney-client relationship
existing between him and the Parties, and the privileges and confidentiality
related thereto.  Notwithstanding the
above, HG and TH shall retain all rights, title and interest to any and all
intellectual property that they utilize as part of the provision of Services to
the other Party.

 

5.                                       Termination.

 

5.1                                 Default. 
If either Party (the “Defaulting Party”) materially defaults in
the performance of its obligations under this Agreement, and if such default is
not cured within 15 days after written notice is given to the Defaulting Party
specifying the default, then the other Party may, by giving written notice to
the Defaulting Party, terminate this Agreement as of the date specified in the
notice of termination.

 

5.2                                 Payments. 
Upon termination of this Agreement pursuant to Section 5.1,
the Parties’ sole remaining obligations, except as provided for in Section 11.8,
shall be to pay the Fees and late charges relating to the Services prior to the
date of such termination.

 

5.3                                 Assistance. 
Upon any termination of this Agreement, each Party will assist and
comply with the other Party’s reasonable directions to cause the orderly
transition and migration of the HG Services to TH and the TH Services to HG, as
applicable, or to a third party contractor to whom HG or TH chooses to transfer
the Services.

 

6.                                       Liability.

 

6.1                                 Indemnification.

 

(a)    HG agrees to indemnify TH and its parent,
subsidiaries, affiliated companies, and their respective directors, officers,
agents and employees (collectively, the “TH Indemnified Parties”) for,
and to hold each TH Indemnified Party harmless from and against, any and all
liabilities arising or resulting from the actions of the TH Employees while
providing Services to, or performing Services on behalf of, HG (the “TH
Claims”), except to the extent any such TH Claims are caused by the gross
negligence or willful misconduct of TH or a TH Employee.

 

(b)  TH agrees to
indemnify HG and its parent, subsidiaries, affiliated companies, and their
respective directors, officers, agents and employees (each, an “HG
Indemnified Party” and, together with the TH Indemnified Parties, the 

 

2

 

“Indemnified Parties”)
for, and to hold each HG Indemnified Party harmless from and against, any and
all liabilities arising or resulting from the actions of the HG Employees while
providing Services to, or performing Services on behalf of, TH (the  “HG Claims” and, together with the TH
Claims, the “Claims”), except to the extent any such HG Claims are
caused by the gross negligence or willful misconduct of HG or an HG Employee.

 

6.2                                 Notice and Procedures. 
An Indemnified Party seeking indemnification pursuant to Section 6.1
will give prompt written notice in reasonable detail (the “Notice of Claim”)
to HG or TH, as the case may be, stating the basis of any Claim for which
indemnification is being sought hereunder within 30 days after the Indemnified
Party’s knowledge thereof; provided, however,
that an Indemnified Party’s failure to provide any such Notice of Claim to TH
or HG, as the case may be, will not relieve HG or TH, as the case may be, of or
from any of its obligations hereunder, except to the extent that HG or TH
suffers prejudice as a result of such failure. 
If the facts giving rise to such indemnification involve an actual or
threatened claim by or against a third party:

 

(a)  The Parties
will cooperate in the prosecution or defense of such claim and will furnish
such records, information and testimony and attend to such proceedings as may
be reasonably requested in connection therewith;

 

(b)  An Indemnified
Party will make no settlement of any Claim that would give rise to liability on
the part of HG without HG’s prior written consent, which will not be
unreasonably withheld or delayed.  HG
will not be liable for the amount of any settlement affected without its prior
written consent.

 

(c)  An Indemnified
Party will make no settlement of any Claim that would give rise to liability on
the part of TH without TH’s prior written consent, which will not be
unreasonably withheld or delayed.  TH
will not be liable for the amount of any settlement affected without its prior
written consent.

 

7.                                       Acknowledgement. 
During the Term, the Parties shall pay the Fees and late charges without
any deductions made whatsoever for state or federal taxes of any kind.

 

8.                                       Compliance.

 

(a)  HG agrees to: (i) pay
all applicable federal and/or state taxes which arise or relate the employment
of any HG Employee under this Agreement; (ii) pay all premiums and
contributions with respect to the HG Employee Benefits; and (iii) comply
with employer obligations with respect to HG’s employees, including the HG
Employees, under applicable federal, state and local laws and regulations.

 

(b)  TH agrees to: (i) pay
all applicable federal and/or state taxes which arise or relate the employment
of any TH Employee under this Agreement; (ii) pay all premiums and
contributions with respect to the TH Employee Benefits; and (iii) comply
with employer obligations with respect to TH’s employees, including the TH
Employees, under applicable federal, state and local laws and regulations.

 

9.                                       Independent Contractor Status. 
The Parties agree and acknowledge that HG and HG Employees providing HG
Services to TH are independent contractors to TH, and TH and TH Employees
providing TH Services to HG are independent contractors to HG.  Nothing contained in this Agreement shall be
deemed to constitute either Party as an agent, representative, partner, joint
venturer or employee of the other Party for any purpose.

 

10.                                 Separate Expenses.  All
items not paid by the Parties pursuant to this Agreement shall be paid for separately
by each of the Parties, including, without limitation, separate printing,
postage, stationary and services rendered by third parties.

 

11.                                 Miscellaneous.

 

11.1                           Notices. 
All notices, requests, demands and other communications required or
permitted to be given under this Agreement shall be in writing and shall be
deemed given (i) two business days after being sent by a nationally
recognized overnight delivery service or (ii) upon receipt of electronic
or other confirmation of transmission if sent via facsimile, in each case at
the addresses or facsimile numbers (or at such other address or facsimile
number for a Party as shall be specified by like notice) set forth below:

 

	
  If to HG:

  	
  Herbst
  Gaming, Inc.

  
	
   

  	
  3440 W. Russell Road

  
	
   

  	
  Las Vegas, Nevada 89118

  
	
   

  	
  Attention: General
  Counsel

  
	
   

  	
  Fax: (702) 889-7691

  

 

3

 

	
  If to TH:

  	
  Terrible Herbst, Inc.

  
	
   

  	
  5195 Las Vegas
  Boulevard South

  
	
   

  	
  Las Vegas, Nevada 89119

  
	
   

  	
  Attention: Jerry Herbst

  
	
   

  	
  Fax: (702) 798-8079

  

 

11.2                           Entire Agreement. 
The provisions of this Agreement (including the attached exhibit) shall
be construed to be one instrument that reflects the Parties’ entire agreement
as to the matters expressed herein and supersedes all other proposals,
agreements, arrangements, understandings, representations and covenants, oral
or written, including the 2008 Agreement, and any such prior agreements are
hereby expressly terminated.

 

11.3                           Amendment. 
This Agreement may not be amended except by an instrument in writing
signed on behalf of each of the Parties.

 

11.4                           Assignment/Change of Control. 
Neither Party may, without the prior written consent of the other Party,
assign or transfer this Agreement, in whole or in part, either voluntarily or
by operation of law, and any such assignment or transfer shall be null and
void.

 

11.5                           Governing
Law; Jurisdiction.  This
Agreement has been executed and delivered in, and shall be governed by and
construed in accordance with the internal laws (as opposed to the conflicts of
law provisions) of, the State of Nevada. 
Any litigation arising out of or related to this Agreement shall be
instituted and prosecuted only in the appropriate state or federal court
situated in Clark County, Nevada.  Each
Party hereto hereby submits to the exclusive jurisdiction and venue of such
courts for purposes of any such action and the enforcement of any judgment or
order arising therefrom.  Each Party
hereto hereby waives any right to a change of venue and any and all objections
to the jurisdiction of the state and federal courts located in Clark County,
Nevada.

 

11.6                           Waivers.  No delay or failure by any Party to exercise
or enforce at any time any right or provision of this Agreement shall be
considered a waiver thereof or of such party’s right thereafter to exercise or
enforce each and every right and provision of this Agreement.  To be valid, a waiver shall be in writing,
but need not be supported by consideration. 
No single waiver shall constitute a continuing or subsequent waiver.

 

11.7                           Attorneys’
Fees.  In the event of any action or
legal proceeding between or among the Parties to enforce, protect, interpret or
establish any of their rights or obligations under this Agreement or any action
or legal proceeding for damages for an alleged breach of any provision of this
Agreement, the prevailing party shall be entitled to recover from the other
party reasonable expenses, attorneys’ fees and costs.

 

11.8                           Survival
of Certain Provisions. 
Notwithstanding anything contained in this Agreement, the provisions of Sections
4, 5.2, 6 and 11 shall survive the expiration of the Term or the
termination of this Agreement.

 

11.9                           Interpretation.  The captions of the sections of this
Agreement are for convenience and reference only, and the words contained
therein shall in no way be held to explain, modify, amplify or aid in the
interpretation, construction or meaning of this Agreement.  Any pronouns or references used herein shall
be deemed to include the masculine, feminine or neuter genders as
appropriate.  Any expression in the
singular or the plural shall, if appropriate in the context, include both the
singular and the plural.

 

11.10                     Partial
Invalidity.  Each
provision hereof shall be interpreted in such manner as to be effective and
valid under applicable law, but in case any provisions herein are, for any
reason, held to be invalid, illegal or unenforceable in any respect, such
provisions shall be ineffective to the extent, but only to the extent, of such
invalidity, illegality or unenforceability without invalidating the remainder
of such provisions or any other provisions hereof, unless such a construction
would be unreasonable.

 

11.11                     Execution
in Counterparts; Facsimile Signatures.  This Agreement may be executed in
counterparts, each of which shall be considered an original instrument, but all
of which together shall be considered one and the same agreement.  Facsimile copies of the signature page hereof
shall be deemed originals and shall be binding for all purposes.

 

4

 

IN WITNESS WHEREOF, HG
and TH have executed this Amended and Restated Shared Services Agreement to be
effective as of the date first above written.

 

	
   

  	
  Herbst
  Gaming, Inc., a Nevada corporation

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Troy D. Herbst

  
	
   

  	
  Its:

  	
  Chief Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Terrible
  Herbst, Inc., a Nevada corporation

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jerry E. Herbst

  
	
   

  	
  Its:

  	
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Berry-Hinckley
  Industries, a Nevada corporation

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jerry E. Herbst

  
	
   

  	
  Its:

  	
  President

  

 

5EXHIBIT 10.44

 

ADVERTISING
PURCHASING AGREEMENT

 

This Advertising Purchase
Agreement is made and entered into between Herbst Gaming Inc., a Nevada
corporation (hereinafter “HGI”) and TERRIBLE HERBST INC., a Nevada corporation,
(hereinafter “TH’’). Now for valuable consideration, receipt of which is
acknowledged, the parties agree as follows:

 

1)              HGI Obligations. By this agreement the Parties have
agreed to allow HGI to purchase advertising time on TH’s network of gas pump
and interior television screens located at TH operated gas stations identified
in Schedule A. HGI will be allocated 50% of the available time not sold to 3rd party
advertisers on each 4-5 minute loop. HGI will be responsible for the content of
its advertisements. HGI will pay TH a flat rate of $30,000 per month for the
time. All payments will be made monthly. This monthly payment amount will be
offset by any revenues received from 3rd party advertisers.

 

2)              Herbst Gaming Exclusivity. TH hereby agrees that HGI will be the
exclusive advertiser of casinos or other gaming related products on the TH
network, unless HGI agrees, in writing, to allow other such advertising.

 

3)              Term. The term of the agreement shall be for 12 months
commencing on January 1, 2009.

 

4)              Video and Audio Display. The parties agree that there will be a
four to five minute continuously running television loop at each location. TH
shall be entitled to use the remaining time of the loop for its own purposes of
offer it for sale to other party advertisers.

 

a.               Media. TH will provide and maintain a television loop
(approximately 4-5 minutes in length) on LCD screens that operate continuously
on the dispensers and inside of the convenience store that incorporates TH’s
specified content. The loop will provide entertainment and advertising content.
HGI will provide TH with its video ads all of which will be incorporated by TH
into the video loop. TH will arrange for and manage all video and video-related
operations. Neither party may modify the content of the video prepared by the other.
HGI shall provide to TH its ad content by the 10 th  of the month preceding the month in which the
ads will run.

 

b.              Sale of Advertising by HGI. HGI is entitled to sell, give, or
otherwise use its time in the television loop for advertising. HGI will use
commercially reasonable efforts to avoid advertising that is likely to be
offensive to motorists. TH retains final approval on all advertisements
submitted by HGI, which approval shall not unreasonably be withheld.

 

c.               Locations. The initial locations for the entire advertising
network are set forth in Schedule A.

 

d.              Additional Advertising Time. TH and HGI may amend this agreement to
add more advertising time to be sold to HGI, if desired  by
TH. TH and HGI can negotiate compensation at that time.

 

e.               Chevron Guidelines. As it applies to Chevron branded
stations, HGI will adhere to Chevron’s published Video at the Pump content
guidelines.

 

5)              Maintenance. Once installed TH is required to
maintain at its expense the equipment in good condition; to make sure the
equipment remains compatible so as to not interfere with its gasoline
dispensing equipment; and TH is exclusively responsible for any service
disruption.

 

6)              Renewal. At the end of the 12-month term, all parties may
negotiate an extension.

 

7)              Early Termination.

 

a.               TH may, upon 15 days written notice
terminate this Agreement as to any location as to which HGI is in material
breach of a material contract term that is not cured within 30 days after
notice of the breach is given to HGI by TH and the Agreement shall terminate as
to that location effective that date.

 

b.              TH may terminate this Agreement as to any
location where it ceases operating a service station/convenience store.
However, should it terminate in this manner for more than 15 location, the
parties agree to negotiate a reduction in the monthly fee (for purposes of this
section, the number of stores will be measured from the locations listed on
Schedule A.

 

8)              Accounting & Audit Rights. TH will provide HGI with a monthly
accounting of all revenue received from 3rd party advertisers and make adjustment to the
monthly rental payment based on such accounting. HGI has the right, at its own
expense, to audit the books and records of TH as they apply to the advertising
set forth in this Agreement. Should those books and records have a discrepancy
of more than 5%, TH shall repay that amount and reimburse HGI for the audit.

 

 

 

9)              Miscellaneous Terms. Each person signing this Agreement
represents that he has authority to bind the party for which he signs. This
Agreement may be executed in one or more counterparts, each of which shall be
deemed an original. This writing contains the entire agreement of the parties.
In the event of any conflict between the specific terms of this Agreement and
the terms of any such other prior agreement, the terms of this Agreement
govern. No supplement, modification or waiver of this Agreement shall be
binding unless executed in writing by the party to be bound thereby. No
representations other than those expressly set forth in this written agreement
were made or relied upon by either party. No agent, employee, or other
representative of either party is empowered to alter any of the terms of this
Agreement. This Agreement is binding on the parties and each of their successors
and permitted assigns. Neither Party may assign this Agreement without the
prior written consent of the other, said consent not to be unreasonably
withheld. The validity, interpretation, and performance of this Agreement shall
be controlled by and construed under Nevada law. Venue for any legal action or
mediation proceeding relating to or arising out of this Agreement shall be in
Clark County, Nevada. Nothing in this Agreement shall be construed to
constitute or appoint either party as the agent or representative of the other
party for any purpose whatsoever, or to grant to either party any rights or
authority to assume or create any obligation or responsibility, express or
implied, for or on behalf of or in the name of the other, or to bind the other in
any way or manner whatsoever. This Agreement does not provide for a joint
venture, partnership, agency or employment relationship between the parties, or
any other relationship.  Any failure of
either party to enforce or require the strict performance of any contract
provision shall not constitute a waiver of such provision or of any breach of
such provision, nor in any way affect the right of such party to strictly
enforce same. Any notice to be given under this Agreement shall be in writing
and addressed to the party at the address of its principal place of business
(as stated below or at such other address as either party may hereafter
designate in writing. Any such notice shall be deemed to have been duly given
upon personal delivery or three (3) business days after being enclosed in
a properly sealed and addressed envelope, if sent by registered or certified
mail, and if deposited (postage and registry or certification fee prepaid) in a
post office or branch post office regularly maintained by the United States
Government.

 

10)        Dispute Resolution. The parties agree that any arid all
controversy or dispute arising out of the relationship, including claims for
breach of contract, violation of public policy, breach of implied promises,
intentional infliction of emotional distress and any other alleged claims which
are not settled by mutual agreement and good faith negotiation, shall be
submitted to final and binding arbitration to an arbitrator with no less than
10 years experience in arbitrating contractual disputes in Clark County,
Nevada. Any such claim, dispute or controversy shall be resolved pursuant to
the following three step process: 1) negotiation of the dispute in a face to
face meeting by principals only; 2) non-binding mediation, and if these steps
fail; 3) binding arbitration before a neutral mutually selected arbitrator.
Judgment on the award may be entered by any court having jurisdiction thereof
in Las Vegas, Nevada. The parties agree that the prevailing party herein shall
be entitled to recover its costs, disbursements and reasonable attorney’s fees
from the non-prevailing party following the final award. Mediation shall be
confidential. In the event that the parties are unable to resolve the dispute
by way of mediation, the matter will be submitted to binding arbitration. The
parties shall mutually agree on a mediator or arbitrator as appropriate within
10 days of the first party demanding mediation or arbitration. If the parties
cannot agree on a mediator/arbitrator, a presiding judge in the Clark County
District Court in Clark County, Nevada shall have jurisdiction to appoint same.
Once appointed, if the mediator determines that either of the parties failed to
make a good faith attempt to resolve the dispute, that mediator will have the authority
to either sanction the party for failing to comply with this provision or that
parties’ failure to participate in the mediation in good faith will be deemed a
factor to deny that party attorney fees in the event that the matter proceeds
to arbitration. In consideration of each party’s agreement to submit to
arbitration any disputes that arise out of the engagement relationship between
them, each party agrees that arbitration shall constitute his/her/its exclusive
legal remedy and each party expressly waives the right to pursue legal redress
of any kind in any other forum and expressly waives the right to any jury
trial. Notwithstanding the foregoing, either party shall have the limited right
to seek equitable relief in the form of a temporary restraining order or
preliminary injunction in a court of competent jurisdiction to protect that
party from actual or threatened irreparable injury resulting from an alleged
breach of this agreement pending a final decision in arbitration. This
agreement shall be governed by and constructed in accordance with the laws of
the State of Nevada without regard to conflict of law principles. Venue is
hereby stipulated to Clark County, Nevada. Both parties waive their rights to
any other jurisdiction and venues.

 

11)        Non Disclosure. TH and HGI will not discuss this
transaction with any third party and will not disclose its terms to any third
party. TH will not (i) solicit, initiate, encourage, enter into or conduct
any discussions, or enter into any agreement or understanding with any other
person or entity regarding the matters covered in this agreement.

 

12)        Mutual Representations of Authority to
Act. Each party
represents that they are a duly formed corporation duly organized, validly
existing and in good standing under the laws of their respective states of
incorporation. Each has the corporate power and authority to carry on its
business as now being conducted and is duly qualified and in good standing,
authorized to do business in every jurisdiction within which the parties intend
to conduct business. Each party will secure as needed all corporate approvals
by its Board of Directors to consummate the transaction. Each party has all
licenses and permits (federal, state and local) required by governmental
authority to own, operate and to carry on its business as now being conducted.

 

2

 

IN WITNESS WHEREOF, the
parties have executed this Advertising Agreement

Effective the 1st day of
January, 2009.

 

 

	
  TERRIBLE HERBST, INC.

  	
   

  	
  HERBST GAMING, INC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Jerry E. Herbst

  	
   

  	
  /s/ Timothy P. Herbst

  
	
  By:   Jerry
  E. Herbst

  	
   

  	
  By:   Timothy
  P. Herbst

  

 

3

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