Document:

Security Agreement

 Exhibit 10.72 
 SECURITY AGREEMENT (TF) 
 THIS SECURITY AGREEMENT (TF) dated as of the 3rd day of November 2002 between the Nottawaseppi Huron Band of Potawatomi (a.k.a. Huron Potawatomi, Inc a federally recognized
Indian Tribe (the “Tribe”), and Gaming Entertainment (Michigan) LLC, a Delaware limited liability company (“GEM”). 
 RECITALS 
 The Tribe has entered into a Temporary Facility Management Agreement (“TF Management Agreement”) and a Loan
Agreement (TF) with GEM, whereby GEM will advance certain funds to the Tribe in connection with the Tribe’s operation of gaming and related business activities on its lands. 
 As security for the payment of the Tribe’s obligations under the Loan Agreement (TF) and the TF Management Agreement, the Tribe desires to grant a
security interest to GEM in certain revenues on the terms and conditions more expressly set forth herein. 
 NOW THEREFORE, in consideration
of the mutual promises contained herein, and for other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 ARTICLE I 
 DEFINITION

 1.1 The capitalized terms used in this Agreement shall have the same meaning as identical terms used in the TF Management
Agreement and the Loan Agreement (TF). As used in this Security Agreement, the following terms will have the meaning indicated: 
 1.2
Account Debtor. “Account Debtor” means any Person obligated for payment or performance on or under any Account. 
 1.3
Accounts. “Accounts” has the meaning given to such term in the UCC as in effect on the date hereof. 
 1.4 Agreement.
“Agreement” means this Security Agreement (including all Schedules and Exhibits annexed hereto), as the same may be amended, supplemented or modified from time to time. 
 1.5 Chattel Paper. “Chattel Paper” has the meaning given to such term in the UCC as of the date hereof. 
 1.6 Collateral. “Collateral” is defined as: 
 (a) The Tribe’s share of future Net Revenues, before distribution pursuant to Section 6 of the TF Management Agreement, from the Enterprise (TF) and/or Temporary Facility, or other future undistributed Net
Revenues arising or generated after the termination of the TF Management Agreement; and 

 (b) Undistributed gaming and related Net Revenues from the Property and/or Temporary Facility arising or
generated after the date that the matter in dispute is referred to arbitration. 
 1.7 Equipment. “Equipment” has the
meaning given to such term in the UCC as in effect on the date hereof 
 1.8 Financing Statement. “Financing Statements”
shall mean UCC-1 financing statements (as may be amended) to be executed by the Tribe covering the Collateral to be filed in the State of Michigan. 
 1.9 General Intangibles. “General Intangibles” has the meaning given to such term in the UCC in effect as of the date hereof, but excluding privileges, licenses, books and records to the extent contained therein.

 1.10 Instruments. “Instruments” has the meaning given to such term in the UCC in effect as of the date hereof.

 1.11 Lien. “Lien” means any mortgage, deed of trust, pledge, security interest, hypothecation, assignment, deposit
arrangement, encumbrance, lien (statutory or other), or preference, priority, or other security agreement or preferential arrangement, charge, or encumbrance of any kind or nature whatsoever (including, without limitation, any conditional sale or
other title retention agreement, any financing lease having substantially the same economic effect as any of the foregoing, and the filing of any financing statement under the UCC or comparable law of any jurisdiction to evidence any of the
foregoing). 
 1.12 Obligations. “Obligations” means, collectively, all of the indebtedness, obligations, liabilities, and
agreement of every kind and nature of the Tribe to or with GEM, or to or with any affiliate of GEM, now existing or hereafter arising, and now or hereafter contemplated, pursuant to this Agreement, the Loan Agreement (TF) or the TF Management
Agreement, or any other agreement entered into subsequent to the date hereof providing for the borrowing of money from GEM by the Tribe, renewals, extensions or changes in form of, or substitutions for, any of said indebtedness, obligations or
liabilities, and all interest and late charges on any of the foregoing. 
 1.13 Person. “Person” shall include any tribe,
individual, a company, a corporation, an association, a partnership, a joint venture, an unincorporated trade or business enterprise, a trust, an estate, or a government or an agency, instrumentality or official thereof. 
 1.14 UCC. “UCC” means the Uniform Commercial Code as enacted in the State of Michigan, as the same may be amended from time to time.

 ARTICLE II 
 SECURITY INTEREST 
 2.1 Grant of Security Interest. As security interest for the payment and performance of
all obligations of the Tribe to the Lender under the Loan Agreement (TF) and any Promissory Note appurtenant thereto, the Tribe hereby grants to Lender a security interest in and to the 

  

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“Collateral” whether now or hereafter owned, existing, arising or acquired and wherever located. Said Collateral shall only consist of: 

(a) The Tribe’s share of future Net Revenues, before distribution pursuant to Section 6 of the TF Management Agreement, from the Enterprise
(TF) and/or Temporary Facility, or other future undistributed Net Revenues arising or generated after the termination of the IF Management Agreement; and 
 (b) Undistributed gaming and related Net Revenues from the Property and/or Temporary Facility arising or generated after the date that the matter in dispute is referred to arbitration. 
 2.2 Financing Statements. To perfect GEM’s interest in and to the Collateral, the Tribe shall execute a deliver the Financing Statements as
GEM may specify, and will pay the cost of filing the same, and do all other further acts and things requested by GEM to perfect the security interest granted to GEM in this Article II. 
 2.3 Place of Business; Location of Collateral. The Tribe will notify GEM prior to any change in the place where books and records constituting
Collateral are kept. 
 2.4 Insurance; Discharge of Taxes etc. GEM shall have the right at any time and from time to time, to:

 (a) obtain insurance covering any of the Collateral if the Tribe fails to do so; 
 (b) discharge taxes, liens, security interests or other encumbrances at any time levied or placed on any of the Collateral if the Tribe fails to do so;
and pay for the maintenance and preservation of any of the Collateral if the Tribe fails to do so, 
 The Tribe will reimburse GEM, on
demand, for any payment GEM makes or any expense GEM incurs under this authorization. The Tribe assigns to GEM all right to receive the proceeds of insurance covering the Collateral, directs any insurer to pay all such proceeds directly to GEM and
authorizes GEM to endorse in the name of the Tribe any draft for such proceeds. 
 2.5 Security Agreement. It is the intention of the
parties hereto that this Agreement constitutes a security agreement under the UCC in the State of Michigan for the purpose of creating the security interests granted herein. 
 2.6 Further Assurances. From time to time the Tribe will execute and deliver to GEM such additional instruments as GEM may reasonably request to
effectuate the purposes of this Agreement and to assure to GEM, as secured party, a first priority, perfected security interest in the Collateral. 
 2.7 Title to Collateral. The Tribe has (or will have at the time it acquires rights in Collateral hereafter acquired or arising) and will maintain title so long as the security interest may remain outstanding, title to each item of
Collateral free and clear of all Liens except the security interest and except Liens permitted by the Loan Agreement (TF). The Tribe will defend the Collateral against all claims or demands of all Persons claiming the Collateral or any interest
therein which is adverse to the Tribe or Lender. 
  

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 2.8 Disposition of Collateral. The Tribe will not sell, lease or otherwise dispose of, or discount
or factor, encumber with or without recourse, any Collateral. 
 ARTICLE III 
 COVENANTS OF TRIBE 
 To induce GEM to enter into this Agreement and the
Loan Documents (TF) the Tribe covenants and agrees that: 
 3.1 Notification to GEM. The Tribe shall promptly notify GEM if any one or
more of the representations and warranties made by the Tribe in this Agreement or in any other Loan Document (TF) shall no longer be true, accurate or complete. 
 3.2 Preservation of Existence, Business and Property. The Tribe will at all times preserve and maintain its existence, rights and privileges, conduct the activities at the Enterprise (TF) as contemplated in the
TF Management Agreement to the fullest extent permitted under federal law and will preserve and protect its property used or useful in the conduct of the Enterprise (TF) in good repair, working order and condition, and comply with all applicable
statutes, rules and regulations relating to the operation of the Enterprise (TF). 
 3.3 Use of Proceeds. The Tribe shall use the Loan
proceeds provided by the Loan Agreement (TF) as required by the terms of the Loan Agreement (TF) and the other Loan Documents (TF), as well as the TF Management Agreement. 
 ARTICLE IV 
 REMEDIES 
 4.1 Remedies. Upon the occurrence of an uncured Event of Default, GEM shall not have any obligation to make any further advances under the Loan
Documents (TF) and may take one or more of the following remedial steps: 
 (a) exercise and enforce any and all rights reserved to it under
the Loan Documents (TF); 
 (b) compromise, extend or renew any Account, Instruments and/or Chattel Paper of the Tribe or deal with the
Tribe’s Accounts, Instruments and/or Chattel Paper as GEM may deem advisable; and notify the Tribe’s Account Debtors of GEM’s interest in the Collateral and direct said Account Debtor to make payments on the Account directly to GEM;

 (c) endorse the name of the Tribe upon any and all checks, drafts, money orders and other instruments for the payment of monies which are
payable to the Tribe and constitute Collateral; 
 (d) give written notice to the Tribe, whereupon the Tribe shall, at its expense, promptly
deliver any and all Collateral to such place as GEM may designate; 
  

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 (e) set-off immediately, and without notice or other action, any money owed by GEM in any capacity to the
Tribe except the Minimum Guaranteed Monthly Payment against the liability of the Tribe to GEM, and GEM shall be deemed to have exercised such right to set-off and to have made a charge against any such money immediately upon the occurrence of such
uncured Event of Default, even though the actual book entries may be made at some time subsequent thereto. 
 4.2 Sovereign Immunity.
The Tribe waives its sovereign immunity only to the extent of allowing arbitration and judicial review to enforce arbitration or an arbitration decision arising under the Loan Documents (TF) as such arbitration procedures are set forth in
Section 17 of the TF Management Agreement. This Agreement does not constitute and shall not be construed as a waiver of sovereign immunity by the Tribe except to permit arbitration and judicial review and enforcement under the procedures set
forth in Section 17 of the TF Management Agreement. 
 ARTICLE V 
 MISCELLANEOUS 
 5.1 Successors and Assigns. Whenever in this
Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party except that the Tribe shall not have the right to assign its obligations hereunder. 
 5.2 Termination. This Security Agreement shall terminate upon the Tribe’s payment in full of the Loan (TF) pursuant to the terms of the Loan
Documents (TF). 
 5.3 Survival. All covenants, agreements, representations and warranties made by the Tribe herein or in any of the
Loan Documents (TF) and TF Management Agreement or any certificate or instrument contemplated hereby shall survive the execution and delivery of this Agreement and the Loan Documents (TF), and said certificates or instruments and shall continue so
long as any obligations arising under this Security Agreement (TF) are outstanding and unsatisfied, notwithstanding any applicable statute of limitations to the contrary. 
 5.4 Counterparts. This Agreement may be signed in any number of counterparts with the same effect as if the signatures hereto and thereto were upon the same instrument. 
  

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 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized
officers on the date first hereinabove written. 
  

			
	NOTTAWASEPPI HURON BAND OF POTAWATOMI
		
	By:	 	 /s/ Gilbert Holiday

		 	Gilbert Holliday
		 	Acting Tribal Chairman
	
	GAMING ENTERTAINMENT (MICHIGAN) LLC
		
	By:	 	 /s/ William McComas

		 	William P. McComas
		 	President, Managing Member

  

 6Promissory Note

 Exhibit 10.73 
 NOTICE 
 THIS DOCUMENT IS TO BE READ IN CONJUNCTION WITH THE LOAN AGREEMENT (TF) AND THE SECURITY
AGREEMENT, WHICH ARE INTERRELATED, UNLESS ALL THREE DOCUMENTS ARE DULY EXECUTED BY ALL PARTIES, NONE OF THESE DOCUMENTS SHALL BE DEEMED VALID OR ENFORCEABLE. 
 PROMISSORY NOTE (TF) 
  

			
	$25,000,000	  	As of November 3, 2002

 FOR VALUE RECEIVED, THE NOTTAWASEPPI HURON BAND OF POTAWATOMI (a.k.a. Huron Potawatomi, Inc) a
federally recognized Indian Tribe (“Borrower”) located in the State of Michigan exercising all inherent governmental powers, fiscal authority and tribal sovereignty promises to pay to the order of Gaming Entertainment (Michigan), LLC
(“Lender”), a Delaware limited liability company or its successors or assigns with its principal place of business at c/o Full House Resorts, Inc., 4670 South Fort Apache Road, Suite 190, Las Vegas, Nevada 89147 the outstanding balance of
advances made by the Lender up to the sum of Twenty-Five Million Dollars ($25,000,000) together with interest at the rate set forth below until the principal sum shall be fully repaid. Each advance shall be made by Lender to the Borrower in
accordance with Section 6 of the Loan Agreement (TF) and Section 3.1.7 of the Temporary Gaming Facility Management Agreement (hereinafter the “TF Management Agreement”). 
 Commencing upon the twentieth (20th) day of the first full month following the Commencement Date (TF) and on the 20th day of each
month thereafter, in accordance with the terms of Section 6 of the TF Management Agreement and Section 3 of the Loan Agreement (TF), interest upon and a portion of the outstanding principal balance on this Promissory Note (hereinafter the
“Note”) shall be due and payable. Notwithstanding the foregoing, the failure to make such payment due to insufficient Net Revenues shall not constitute an Event of Default. The source of payment and security for the obligations of the
Borrower under this Note shall be governed by the Loan Agreement (TF) and by the Security Agreement. 
 The principal amount of the Note will
be the sum of all the actual advances made pursuant to the TF Management Agreement and all documents executed in accordance therewith. The outstanding principal balance of this Note shall bear interest at a rate of interest equal to the agreed upon
rate set out in Section 3.2 of the Loan Agreement (TF). Upon occurrence of any uncured Event of Default, interest shall accrue at the rate set forth in Section 3.3 of the Loan Agreement (TF). This Note is issued pursuant to the Loan
Agreement (TF) and is entitled to the benefits thereof. Unless otherwise defined, all capitalized terms used herein shall have the same meaning provided in the Loan Agreement (TF) and TF Management Agreement. The terms, covenants and conditions of
the Loan Agreement and the TF Management Agreement are hereby made a part of this Note to the extent and with the same effect as if fully set forth herein, and the 

 
Borrower does hereby covenant and promise to abide and comply with each and every term, covenant and condition set forth in this Note, the Loan Agreement
(TF) and the TF Management Agreement. 
 All advances shall be made in accordance with the terms of the Loan Agreement (TF) and the TF
Management Agreement. The Lender shall make notations on the schedule attached hereto as Schedule A of all advances made to the Borrower and with each such notation, Lender shall send Borrower a copy of such notation which Borrower shall then
promptly acknowledge in writing to Lender and in the absence of manifest error shall be rebuttable presumptive evidence as to the outstanding principal amount of all advances hereunder, provided, however, that the failure to make such notation shall
not limit or otherwise affect or diminish the obligations of the Borrower. 
 No failure or delay on the part of Lender in exercising any
right, power or privilege under this Note and no course of dealing between the Borrower and Lender shall operate as a waiver thereof; nor shall, any single or partial exercise of any right, power or privilege hereunder preclude any other or further
exercise of any right, power or privilege that Lender would otherwise have. No notice to, or demand on, the Borrower in any case shall entitle the Borrower to any other or further notice or demand in similar or other circumstances or constitute a
waiver of the right of Lender to any other or further action in any circumstances without notice or demand. 
 This Note shall be construed
and enforced in accordance with the laws of the State of Delaware (without regard to conflicts of law principles). 
 This Note may not be
changed orally, but only by an agreement in writing signed by the party against whom enforcement of any waiver, change, modification or discharge is sought. 
 IN WITNESS WHEREOF, the Borrower has caused this Note to be duly executed and delivered on the date first above written. 
  

			
	NOTTAWASEPPI HURON BAND OF POTAWATOMI (a.k.a. Huron Potawatomi, Inc), a Federally Recognized Indian Tribe
		
	By:	 	 /s/ Gilbert Holliday

	Name:	 	Gilbert Holliday
	Title:	 	Acting Tribal Chairman

  

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