Document:

EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 
 ROYAL
BANK OF CANADA 
 200 Vesey Street 

New York, NY 10281 
 CONFIDENTIAL

 May 28, 2014 
 Goldman Sachs Bank USA

 Goldman Sachs Lending Partners LLC 
 200 West Street 

New York, New York 10282-2198 
 The Hillshire Brands Company 

400 South Jefferson Street 
 Chicago, Illinois 60607 

Joinder Letter – Project Paladin Commitment Letter 

Ladies and Gentlemen: 
 Reference is made to the
Commitment Letter dated May 12, 2014 (including the annexes and schedules thereto, the “Commitment Letter”), among Goldman Sachs Bank USA (“GS Bank”), Goldman Sachs Lending Partners LLC (“GSLP”
and, together with GS Bank, the “Initial Commitment Parties”) and The Hillshire Brands Company (the “Company” or “you”). Terms used but not defined in this joinder letter (this “Joinder
Letter”) have the meanings assigned to them in the Commitment Letter. 
  

	1.	Joinder. 

 The parties hereto agree that Royal Bank of Canada (“Royal
Bank”) will, upon the effectiveness of this Joinder Letter, become a party to the Commitment Letter (and will, upon the concurrent execution of a joinder letter to the Fee Letter (the “Fee Letter Joinder”), become a party
to the Fee Letter). Upon the effectiveness of this Joinder Letter, each reference in the Commitment Letter (as modified by this Joinder Letter) to “Commitment Party” and “Commitment Parties” will include Royal Bank. 

 

	2.	Commitments. 

 Upon the terms set forth in this Joinder Letter and the Commitment Letter
and subject solely to the conditions set forth in Section 7 of the Commitment Letter, the conditions set forth in Exhibit C thereto and the conditions set forth in the Term Sheet under the paragraph entitled “Conditions to Initial
Borrowing”, Royal Bank hereby commits to provide 15% of the aggregate 

 
principal amount of the Term Loan Facility and 15% of the aggregate principal amount of the Revolving Facility. In connection with the foregoing, (i) the commitment of GSLP under the
Commitment Letter with respect to the Term Loan Facility is hereby reduced by the commitment of Royal Bank hereunder with respect to the Term Loan Facility and (ii) the commitment of GS Bank under the Commitment Letter with respect to the
Revolving Facility is hereby reduced by the commitment of Royal Bank hereunder with respect to the Revolving Facility. The Commitments of GS Bank, GSLP and Royal Bank with respect to the Term Loan Facility and the Revolving Facility are several and
not joint. The commitments of Royal Bank hereunder with respect to the Term Loan Facility and the Revolving Facility will be deemed to be “Commitments” under the Commitment Letter. 

 

	3.	Titles and Roles. 

 It is hereby agreed that (a) RBC Capital Markets* will have the title of a joint lead arranger and a joint bookrunner for the Secured Facilities, (b) GS Bank will have “lead left” placement in any and all marketing materials or other
documentation used in connection with the Secured Facilities and will hold the roles and responsibilities conventionally associated with such “lead left” position and (c) GS Bank will continue to act as sole administrative agent for
the Secured Facilities. 
  

	4.	Additional Provisions. 

 Upon the effectiveness of this Joinder Letter, (i) the
reference to “Initial Commitment Parties” in Section 5 of the Commitment Letter will be deemed to be a reference to “Commitment Parties”, (ii) the first and second references to “Initial Commitment Parties” in
Section 7 of the Commitment Letter will be deemed to be references to “Commitment Parties”, (iii) the reference to “GS Bank will act as sole lead arranger and sole bookrunner for each of the Secured Facilities (the
“Lead Arranger”)” in Section 2 of the Commitment Letter will be deemed to be a reference to “GS Bank, J.P. Morgan Securities LLC, RBC Capital Markets and any other Additional Commitment Party appointed by the
Company after the date hereof in accordance herewith shall act as joint lead arrangers and joint bookrunners (collectively, the “Lead Arranger”)”, (iv) the reference to “a single firm of local counsel to the
Lead Arranger” in Section 8 of the Commitment Letter will be deemed to be a reference to “a single firm of local counsel to the Commitment Parties and their affiliates”, (v) the reference to “GS Bank and GSLP” in
clause (iii) of the second proviso in the first paragraph of Section 3 of the Commitment Letter will be deemed to be a reference to “each Commitment Party” and (vi) each reference to “GS and/or its affiliates” in
the fifth paragraph of Section 9 of the Commitment Letter will be deemed to be a reference to “the Commitment Parties and/or their respective affiliates”. 
  

	5.	Independent Investigation; Financial Advisor. 

 Royal Bank hereby acknowledges that it
has, independently and without any reliance upon any Initial Commitment Party or any of its affiliates, or any of its officers, directors, employees, agents, advisors or representatives, and based on such information and 

 

	* 	 RBC Capital Markets is a brand name for the capital markets businesses of Royal Bank of Canada and its affiliates.

  
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documentation as it has deemed appropriate, made its own credit analysis and decision to enter into the commitment evidenced by, and the other agreements set forth in, this Joinder Letter and the
Fee Letter Joinder. 
 As you know, Goldman Sachs & Co. (“GS”) has been retained by the Company (or one of its
affiliates) as financial advisor (in such capacity, the “Financial Advisor”) in connection with the Acquisition. Each party hereto agrees to such retention and further agrees not to assert any claim it might allege based on any
actual or potential conflict of interest that might be asserted to arise or result from, on the one hand, the engagement of the Financial Advisor or GS and/or its affiliates’ arranging or providing or contemplating arranging or providing
financing for a competing bidder and, on the other hand, our and our affiliates’ relationships with you as described and referred to herein, in the Commitment Letter and/or in the Fee Letter. 

 

	6.	Miscellaneous. 

 This Joinder Letter is intended to be solely for the benefit of the
parties hereto and is not intended to confer any benefits upon, or create any rights in favor of, any person other than the parties hereto. Neither this Joinder Letter nor the Commitment Letter may be amended or waived except by an instrument in
writing signed by each party hereto. This Joinder Letter may be executed in any number of counterparts, each of which will be an original, and all of which, when taken together, will constitute one agreement. Delivery of an executed signature page
of this Joinder Letter by facsimile transmission or electronic transmission (in “pdf” or “tif” format) shall be effective as delivery of a manually executed counterpart hereof. Section headings used herein are for convenience of
reference only, are not part of this Joinder Letter and are not to affect the construction of, or to be taken into consideration in interpreting, this Joinder Letter. This Joinder Letter constitutes an amendment to the Commitment Letter. This
Joinder Letter does not, by implication or otherwise, limit, impair, constitute a waiver of, or otherwise affect, the rights and remedies of any party to the Commitment Letter and, except in respect of the amendments expressly set forth herein, does
not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Commitment Letter, all of which are ratified and affirmed in all respects and will continue in full force and effect.
This Joinder Letter will become effective as to each of the parties hereto on the date when each of the parties hereto has executed both a counterpart hereof and a counterpart of the Fee Letter Joinder. From and after the date of effectiveness of
this Joinder Letter, any reference to the Commitment Letter in any agreement, document, undertaking or course of dealing (verbal or otherwise) will be deemed to be a reference to the Commitment Letter as amended hereby. THE SUBMISSION TO
JURISDICTION, WAIVER OF JURY TRIAL AND CONFIDENTIALITY PROVISIONS CONTAINED IN SECTIONS 10 AND 11 OF THE COMMITMENT LETTER ARE INCORPORATED HEREIN BY REFERENCE, MUTATIS MUTANDIS. THIS JOINDER LETTER SHALL BE GOVERNED BY AND CONSTRUED
AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. 

[Remainder of this page intentionally left blank; signature pages follow] 

  
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 We are pleased to have been given the opportunity to assist you in connection with this important
financing. 
  

							
		 		 	Very truly yours,
			
		 		 	ROYAL BANK OF CANADA
				
		 		 	 By:
	 	
		 		 		 	   /s/ John Flores

		 		 		 	  Name: John Flores
				
		 		 		 	  Title: Authorized Signatory

  

  
 [Signature Page to
Project Paladin Joinder Letter – Commitment Letter (Royal Bank)] 

 Accepted and agreed to as of 

the date first above written: 
  

			
	GOLDMAN SACHS BANK USA
		
	By:	 	 /s/ Robert Ehudin

		 	  Authorized Signatory
		
		 	  Robert Ehudin
		 	  Authorized Signatory
	
	GOLDMAN SACHS LENDING PARTNERS LLC
		
	By:	 	 /s/ Robert Ehudin

		 	  Authorized Signatory
		
		 	   Robert Ehudin

  Authorized Signatory

  
 [Signature Page to
Project Paladin Joinder Letter – Commitment Letter (Royal Bank)] 

			
	THE HILLSHIRE BRANDS COMPANY
		
	By:	 	 /s/ Kent B. Magill

	Name: Kent B. Magill
	Title:   Executive Vice President

  

  
 [Signature Page to
Project Paladin Joinder Letter – Commitment Letter (Royal Bank)]EX-10.1

 Exhibit 10.1 

AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT 

This Amendment No. 1 to the Employment Agreement (this “Amendment”), is entered into as of May 29, 2014, by and between Empire
Resorts, Inc., a Delaware corporation (the “Company”), and Joseph A. D’Amato (the “Executive” and, together with the Company, “the Parties”). 

WITNESSETH: 

WHEREAS, Empire and Executive entered into an Employment Agreement dated as of November 26, 2012 (hereinafter the “Employment
Agreement”); and 
 WHEREAS, the Parties desire to amend the Employment Agreement. 

NOW, THEREFORE, the Parties hereto agree to amend the Employment Agreement as follows, effective as of July 1, 2014: 

 

	1.	Section 5(b) will be deleted in its entirety and replaced with the following: 

 “For
purposes of this Agreement, ‘Change in Control’ shall be deemed to have occurred if: 
 i. a tender offer (or series of related
offers) shall be made and consummated for the ownership of 50% or more of the outstanding voting securities of the Company, unless as a result of such tender offer more than 50% of the outstanding voting securities of the surviving or resulting
corporation shall be owned in the aggregate by the shareholders of the Company (as of the time immediately prior to the commencement of such offer), any employee benefit plan of the Company or its Subsidiaries, and their affiliates; 

ii. the Company shall be merged or consolidated with another corporation, unless as a result of such merger or consolidation more than 50% of
the outstanding voting securities of the surviving or resulting corporation shall be owned in the aggregate by the shareholders of the Company (as of the time immediately prior to such transaction), any employee benefit plan of the Company or its
Subsidiaries, and their affiliates; 
 iii. the Company shall sell substantially all of its assets to another corporation that is not wholly
owned by the Company, unless as a result of such sale more than 50% of such assets shall be owned in the aggregate by the shareholders of the Company (as of the time immediately prior to such transaction), any employee benefit plan of the Company or
its Subsidiaries and their affiliates; 
 iv. a Person (as defined below) shall acquire 50% or more of the outstanding voting securities of
the Company (whether directly, indirectly, beneficially or of record), unless as a result of such acquisition more than 50% of the outstanding voting securities of the surviving or resulting corporation shall be owned in the aggregate by the
shareholders of the Company (as of the time immediately prior to the first acquisition of such securities by such Person), any employee benefit plan of the Company or its Subsidiaries, and their affiliates; or 

v. The individuals who, as of the date hereof, constitute the members of the Board (the “Current Board Members”) cease, by reason of
a financing, merger, combination, acquisition, 

  
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takeover or other non-ordinary course transaction affecting the Company, to constitute at least a majority of the members of the Board unless such change is approved by the Current Board Members.

 For purposes of this Section 5(b), ownership of voting securities shall take into account and shall include ownership
as determined by applying the provisions of Rule 13d-3(d)(I)(i) (as in effect on the date hereof) under the Exchange Act of 1934, as amended (the “Exchange Act”). In addition, for such purposes, “Person” shall have the meaning
given in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof; however, a Person shall not include (A) the Company or any of its Subsidiaries; (B) a trustee or other fiduciary holding
securities under an employee benefit plan of the Company or any of its Subsidiaries; (C) an underwriter temporarily holding securities pursuant to an offering of such securities; or (D) a corporation owned, directly or indirectly, by the
shareholders of the Company in substantially the same proportion as their ownership of stock of the Company.” 
 The Parties hereby
agree that, except as specifically provided in and modified by this Amendment, the Employment Agreement is in all other respects hereby ratified and confirmed and references to the Employment Agreement shall be deemed to refer to the Employment
Agreement as modified by this Amendment. 
 IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the day and year first
written above. 
  

					
	EMPIRE RESORTS, INC.
		
	By:	 	 /s/ Laurette J. Pitts

		 	Name:	 	Laurette J. Pitts
		 	Title:	 	Senior Vice President, Chief Operating Officer and Chief Executive Officer
	
	EXECUTIVE
	
	 /s/ Joseph A. D’Amato

	Joseph A. D’Amato

  
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