Document:

Exhibit
10.7

 

AMENDMENT NO. 3 TO THIRD
AMENDED

AND RESTATED GAMING MANAGEMENT AGREEMENT

 

This Amendment No. 3 to Third Amended and Restated
Gaming Management Agreement made and entered into as of this 13th day of
November, 2000, at Concho, Oklahoma, by and between THE CHEYENNE AND ARAPAHO
TRIBES OF OKLAHOMA, a federally recognized Indian tribe organized pursuant to
Section 3 of the Act of June 26, 1936 (49 Stat. 1967) by and through its duly
elected Business Committee (hereinafter referred to as the “Tribe”), and
SOUTHWEST CASINO AND HOTEL CORP., a Minnesota corporation with its principal
place of business located in Minneapolis, Minnesota (hereinafter referred to as
“Manager”).

 

WITNESSETH:

 

WHEREAS, the Tribe and the Manager are parties to the
Third Amended and Restated Gaming Management Agreement dated June 16, 1995 (the
“Agreement”), for the operation of a Class II gaming facility at the location
described in the Agreement, which Agreement was amended by Amendment No. 1
dated November 21, 1996, and subsequently withdrawn on February 20, 1997, and
further amended by Amendment No. 2 dated June 5, 1999; and

 

WHEREAS, the Tribe and Manager desire to amend the
Agreement as set forth below.

 

NOW, THEREFORE, it is agreed by the parties as
follows:

 

1.             Exhibit
A of the Agreement is hereby amended by adding the Tribes’ Clinton, Oklahoma
gaming facility as an additional location described on Exhibit A.

 

2.             All
other terms and conditions of the Agreement, as amended, shall remain in full
force and effect.

 

ACKNOWLEDGMENT

 

THE CHEYENNE AND ARAPAHO TRIBES OF OKLAHOMA, acting by
and through its delegated representative, James Pedro, Tribal Chairman, and
SOUTHWEST CASINO AND HOTEL CORP. by its Chairman of the Board/Chief Executive
Officer hereby agree to the foregoing Amendment No. 3 to the Third Amended and
Restated Gaming Management Agreement by and between THE CHEYENNE AND ARAPAHO
TRIBES OF OKLAHOMA and SOUTHWEST CASINO AND HOTEL CORP. with an effective date
as defined in Section 19.8 of the Agreement.

 

 

IN WITNESS WHEREOF,
we have set our hands this 13th day of November, 2000 at Concho, Oklahoma.

 

	
   

  	
  CHEYENNE AND ARAPAHO TRIBES

  OF OKLAHOMA

  
	
   

  	
  By and through its delegated representative

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ James Pedro

  
	
   

  	
  James Pedro, Chairman

  
	
   

  	
  32nd Business Committee

  
	
   

  	
   

  
	
  ATTEST:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/

  	
   

  	
   

  
	
  Secretary

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SOUTHWEST CASINO AND HOTEL CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Jeffrey S. Halpern

  
	
   

  	
   

  	
  Jeffrey S. Halpern,
  Chairman of the Board

  and Chief Executive Officer

  
				

 

 

The foregoing AMENDMENT NO. 3 TO THIRD AMENDED AND
RESTATED GAMING MANAGEMENT AGREEMENT is hereby approved this
         day of
                 ,
2000.

 

	
   

  	
  NATIONAL INDIAN GAMING COMMISSION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  ItsExhibit
10.8

 

AMENDMENT NO. 7 TO THIRD AMENDED

AND RESTATED GAMING
MANAGEMENT AGREEMENT

 

This Amendment No. 7 to Third Amended and Restated
Gaming Management Agreement made and entered into as of this 4th day of
September, 2003, at Concho, Oklahoma, by and between THE CHEYENNE AND ARAPAHO
TRIBES OF OKLAHOMA, a federally recognized Indian tribe organized pursuant to
Section 3 of the Act of June 26, 1936 (49 Stat. 1967) by and through its duly
elected Business Committee (hereinafter referred to as the “Tribe”), and
SOUTHWEST CASINO AND HOTEL CORP., a Minnesota corporation with its principal
place of business located in Minneapolis, Minnesota (hereinafter referred to as
“Manager”).

 

WITNESSETH:

 

WHEREAS, the Tribe and the Manager are parties to the
Third Amended and Restated Gaming Management Agreement dated June 16, 1995 (the
“Agreement”), for the operation of a Class II gaming facility at the location
described in the Agreement, which Agreement was amended by Amendment No. 1
dated November 21, 1996, and subsequently withdrawn on February 20, 1997, and
further amended by Amendment No. 2 dated June 5, 1999, Amendment No. 3 dated
November 13, 2000, and Amendment No. 6 dated July 10, 2003; and

 

WHEREAS, Amendments No. 4 and 5 were proposed but
never adopted; and

 

WHEREAS, Amendment No. 6 was adopted but, pursuant to
the request of the National Indian Gaming Commission, Amendment No. 6 is being
replaced by Amendment No. 7 with respect to the Tribe’s Concho and Clinton
locations and by Amendment No. 8 with respect to the Tribe’s proposed Canton,
Oklahoma location; and

 

WHEREAS, pursuant to the Tribe’s request, Manager has
purchased and agrees to contribute to the Tribe the approximately 1,465 acre
site near Chivington, Colorado, which includes the historic Sand Creek Massacre
site which is of vital historical, emotional and religious importance to the
Tribe; and

 

WHEREAS, as a result of the foregoing, Tribe and
Manager desire to amend the Agreement as set forth below.

 

NOW, THEREFORE, it is agreed by the parties as follows:

 

1.             All
capitalized terms not otherwise defined herein shall have the definitions
contained in the Agreement.

 

2.             Section
2.4 of the Agreement is hereby amended by deleting the first sentence of said
section and replacing it with the following sentence:

 

“This Agreement shall be for an initial term
commencing on May 20, 1994 and ending May 19, 2001, which term was extended for
an additional three-year period ending May 19, 2004, and which term shall be
further extended with respect to the Tribe’s Concho and Clinton facilities for
an additional three-year period commencing May 20, 2004 and ending May 19,
2007.”

 

 

3.             Section
6.1 of the Agreement is hereby amended by deleting the first sentence of said
section and replacing it with the following:

 

“In consideration of the continued performance of the
duties and obligations assumed by Manager hereunder, together with Manager’s
contribution to the Tribe of the 1,465 acre site near Chivington, Colorado that
includes the historic Sand Creek Massacre site, Manager shall be compensated
with respect to the Concho and Clinton operations for the period commencing May
20, 2004 and ending May 19, 2007 in an amount equal to the sum of twenty
percent (20%) of Net Revenues plus twenty percent (20%) of Non-Gaming Net Revenues
from such Concho and Clinton operations.”

 

4.             All
other terms and conditions of the Agreement, as amended, shall remain in full
force and effect.

 

ACKNOWLEDGMENT

 

THE CHEYENNE AND ARAPAHO TRIBES OF OKLAHOMA, acting by
and through its delegated representative, Robert P. Tabor, and SOUTHWEST CASINO
AND HOTEL CORP. by its President hereby agree to the foregoing Amendment No. 7
to the Third Amended and Restated Gaming Management Agreement by and between
THE CHEYENNE AND ARAPAHO TRIBES OF OKLAHOMA and SOUTHWEST CASINO AND HOTEL
CORP. with an effective date as defined in Section 19.8 of the Agreement.

 

IN WITNESS WHEREOF, we have set our hands this 4th day
of September, 2003 at Concho, Oklahoma.

 

	
   

  	
  CHEYENNE AND ARAPAHO TRIBES

  OF OKLAHOMA

  
	
   

  	
  By and through its delegated representative

  
	
   

  	
   

  
	
   

  	
  /s/ Robert P. Tabor

  
	
   

  	
   

  
	
  ATTEST:

  	
   

  
	
   

  	
   

  
	
  /s/ Vinita Sanbey

  	
   

  
	
   

  	
   

  
	
   

  	
  SOUTHWEST CASINO AND HOTEL CORP.

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ James B.
  Druck

  
	
   

  	
   

  	
  James B. Druck,
  President

  
	
   

  	
   

  
	
  ATTEST:

  	
   

  
	
   

  	
   

  
	
  /s/ Janet S. SmithExhibit
10.9

 

AMENDMENT NO. 8 TO THIRD
AMENDED

AND RESTATED GAMING MANAGEMENT AGREEMENT

 

This Amendment No. 8 to Third Amended and Restated
Gaming Management Agreement made and entered into as of this 4th day of
September, 2003, at Concho, Oklahoma, by and between THE CHEYENNE AND ARAPAHO
TRIBES OF OKLAHOMA, a federally recognized Indian tribe organized pursuant to
Section 3 of the Act of June 26, 1936 (49 Stat. 1967) by and through its duly
elected Business Committee (hereinafter referred to as the “Tribe”), and
SOUTHWEST CASINO AND HOTEL CORP., a Minnesota corporation with its principal
place of business located in Minneapolis, Minnesota (hereinafter referred to as
“Manager”).

 

WITNESSETH:

 

WHEREAS, the Tribe and the Manager are parties to the
Third Amended and Restated Gaming Management Agreement dated June 16, 1995 (the
“Agreement”), for the operation of a Class II gaming facility at the location
described in the Agreement, which Agreement was amended by Amendment No. 1
dated November 21, 1996, and subsequently withdrawn on February 20, 1997, and
further amended by Amendment No. 2 dated June 5, 1999, Amendment No. 3 dated
November 13, 2000, and Amendment No. 6 dated July 10, 2003; and

 

WHEREAS, Amendments No. 4 and 5 were proposed but
never adopted; and

 

WHEREAS, Amendment No. 6 was adopted but, pursuant to
the request of the National Indian Gaming Commission, Amendment No. 6 is being
replaced by Amendment No. 7 with respect to the Tribe’s Concho and Clinton
locations and by Amendment No. 8 with respect to the Tribe’s proposed Canton,
Oklahoma location; and

 

WHEREAS, the Tribe has requested that Manager
undertake the responsibilities of developing, securing funding (up to a maximum
cost of $3,000,000) for, and managing an additional gaming facility for the Tribe
at their Canton, Oklahoma location; and

 

WHEREAS, as a result of the foregoing, Tribe and
Manager desire to amend the Agreement as set forth below.

 

NOW, THEREFORE, it is agreed by the parties as
follows:

 

1.             All
capitalized terms not otherwise defined herein shall have the definitions
contained in the Agreement.

 

2.             Exhibit
A of the Agreement is hereby amended by adding the Tribe’s Canton, Oklahoma
site as an additional location described on Exhibit A.

 

1

 

3.             Section
2.4 of the Agreement is hereby amended by deleting the first sentence of said
section and replacing it with the following sentence:

 

“This Agreement shall be for an initial term
commencing on May 20, 1994 and ending May 19, 2001, which term was extended for
an additional three-year period ending May 19, 2004, and which term shall be
further extended with respect to the Tribe’s Concho and Clinton facilities for
an additional three-year period commencing May 20, 2004 and ending May 19,
2007; and with respect to the Tribe’s Canton facility, (a) the initial term
shall commence on the date the gaming facility to be located at the Canton site
opens for operation and shall end May 19, 2007, and (b) the management of the
Canton Lake Resort shall be a joint venture between the parties, with the
Tribes responsible for all resort operations while Southwest Casino assumes
management responsibility for casino operations.”

 

4.             Section
6.1 of the Agreement is hereby amended by deleting the first sentence of said
section and replacing it with the following:

 

“A.                             In
consideration of the continued performance of the duties and obligations
assumed by Manager hereunder, together with Manager’s contribution to the Tribe
of the 1,465 acre site near Chivington, Colorado that includes the historic
Sand Creek Massacre site, Manager shall be compensated with respect to the
Concho and Clinton operations for the period commencing May 20, 2004 and ending
May 19, 2007 in an amount equal to the sum of twenty percent (20%) of Net
Revenues plus twenty percent (20%) of Non-Gaming Net Revenues from such Concho
and Clinton operations; and

 

B.                                     In consideration of Manager developing,
securing funding (up to a maximum cost of $3,000,000) for, and managing the
Tribe’s proposed Canton, Oklahoma location, Manager shall receive further
compensation equal to (i) the lesser of (a) thirty percent (30%) of Net
Revenues, or (b) thirty-five percent (35%) of Adjusted Net Revenues plus (ii)
thirty percent (30%) of Non-Gaming Net Revenues from such Canton operation.”

 

5.             All
other terms and conditions of the Agreement, as amended, shall remain in full
force and effect.

 

2

 

ACKNOWLEDGMENT

 

THE CHEYENNE AND ARAPAHO TRIBES OF OKLAHOMA, acting by
and through its delegated representative, Robert P. Tabor, and SOUTHWEST CASINO
AND HOTEL CORP. by its President hereby agree to the foregoing Amendment No. 8
to the Third Amended and Restated Gaming Management Agreement by and between
THE CHEYENNE AND ARAPAHO TRIBES OF OKLAHOMA and SOUTHWEST CASINO AND HOTEL
CORP. with an effective date as defined in Section 19.8 of the Agreement.

 

IN WITNESS WHEREOF, we have set our hands this 4th day
of September, 2003 at Concho, Oklahoma.

 

 

	
   

  	
  CHEYENNE AND ARAPAHO TRIBES

  OF OKLAHOMA

  
	
   

  	
  By and through its delegated representative

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Robert P. Tabor

  
	
   

  	
   

  
	
  ATTEST:

  	
   

  
	
   

  	
   

  
	
  /s/ Vinita Sanbey

  	
   

  
	
   

  	
   

  
	
   

  	
  SOUTHWEST CASINO AND HOTEL CORP.

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ James B.
  Druck

  
	
   

  	
   

  	
  James B. Druck,
  President

  
	
   

  	
   

  
	
  ATTEST:

  	
   

  
	
   

  	
   

  
	
  /s/ Janet S. Smith

  	
   

  
				

 

3

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