Document:

Exhibit 10.95

 

	
  APN:
  243-35-401-007

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  RECORDING
  REQUESTED BY, AND

  	
  Receipt/Conformed
  Copy

  	
   

  
	
  WHEN
  RECORDED RETURN TO:

  	
  Requestor:

  	
   

  
	
   

  	
  CHICAGO
  TITLE

  	
   

  
	
  Sheppard,
  Mullin, Richter & Hampton LLP

  	
  01/31/2005
  12:36:32 T20050019121

  	
   

  
	
  333 South
  Hope Street, 48th Floor

  	
  Book/Instr:
  20050131-0002390

  	
   

  
	
  Los Angeles,
  California 90071

  	
  Trust Deed

  	
  Page Count:
  8

  
	
  Attention:
  Sylvia D. Lautsch, Esq.

  	
  Fees: $21.00

  	
  N/C Fee:
  $25.00

  
	
   

  	
   

  	
   

  
	
  Mail
  Property Tax Statements to:

  	
  Frances
  Deane

  	
   

  
	
   

  	
  Clark County
  Recorder

  	
   

  
	
  c/o Herbst
  Gaming, Inc.

  	
   

  	
   

  
	
  5195 Las
  Vegas Boulevard

  	
   

  	
   

  
	
  Las Vegas,
  Nevada 89119

  	
   

  	
   

  
	
  Attention:
  M. Higgins

  	
   

  	
   

  
				

 

FIRST AMENDMENT TO LEASEHOLD DEED OF TRUST
WITH

 

ASSIGNMENT OF RENTS, SECURITY AGREEMENT AND
FIXTURE FILING

 

This First Amendment to Leasehold Deed of Trust with Assignment of
Rents, Security Agreement and Fixture Filing, dated as of January 31, 2005
(“Amendment”), is by and between E-T-T, INC., a Nevada corporation (“Trustor”),
and BANK OF AMERICA, N.A., a national banking association (“Bank of America”),
as Administrative Agent for itself and the Lenders, hereinafter defined.  Bank of America, in its capacity as such
Administrative Agent, is referred to herein as “Beneficiary.”

 

For valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto hereby agree as follows:

 

1.                                       Recitals
and Certain Definitions.

 

1.1                                 This
Amendment is a first amendment to that certain Leasehold Deed of Trust with
Assignment of Rents, Security Agreement and Fixture Filing dated June 10,
2004 (the “Deed of Trust”), executed by Trustor, as trustor, for the benefit of
Bank of America as Administrative Agent for certain lenders, as
beneficiary.  The Deed of Trust was
recorded on June 17, 2004, Book No. 20040617 as Instrument No. 0004770 in
the Official Records of Clark County, Nevada (the “Official Records”).

 

1.2                                 This
Amendment is entered into:

 

(a)                                  with reference to
that certain Credit Agreement dated as of June 10, 2004 (“Original Credit
Agreement”), among Herbst Gaming, Inc., a Nevada corporation (“Borrower”), the
lenders party thereto (“Original Lenders”) and Bank of America as
Administrative Agent for the Original Lenders;

 

1

 

(b)                                 with reference to that
certain Amended and Restated Credit Agreement, dated as of October 8, 2004
by and among Borrower, Bank of America as Administrative Agent, and the other
lender parties (collectively, “Lenders”) thereto (“Credit Agreement”), which
Credit Agreement amended and restated in its entirety the Original Credit
Agreement, and which provided for the extension of Revolving Loans to the
Borrower in the aggregate principal amount of $175,000,000, and for the
extension of Term Loans to the Borrower under certain circumstances;

 

(c)                                  with reference to
that certain Term Joinder Agreement dated concurrently herewith by and among
Borrower, Bank of America as Administrative Agent and the other Lenders, which
amends the Credit Agreement by providing for the extension of Term Loans to the
Borrower in the aggregate principal amount of $100,000,000; and

 

(d)                                 with reference to
certain other documents of even date herewith which constitute “Loan Documents”
as defined in the Credit Agreement. This Amendment and the Credit Agreement,
together with the other Loan Documents being executed substantially
concurrently herewith, are collectively referred to herein as the “Modification
Documents”.

 

1.3                                 The
Modification Documents modify obligations that are presently secured by the
Deed of Trust, including, without limitation, certain obligations under the
Original Credit Agreement evidenced by the Notes, a note evidencing the Swing
Line Loan and the Secured Swap Contracts. Such modifications include, without
limitation, (i) the conversion of certain existing term loans under the
Original Credit Agreement to revolving credit facilities, (ii) the increase in
certain existing Revolving Commitments under the Original Credit Agreement to
$175,000,000, and (iii), subject to the satisfaction of certain conditions, the
extension of new Term Loans in an aggregate principal amount not to exceed
$100,000,000.

 

1.4                                 Any
capitalized term used and not otherwise defined herein (A) shall have the
meaning given to such term in the Deed of Trust, or (B) if not defined in the
Deed of Trust, shall have the meaning given to such term in the Credit
Agreement.

 

2.                                       Secured
Obligations Under Deed of Trust.

 

2.1                                 Section 1.2.1
of the Deed of Trust is hereby amended in its entirety to read as follows:

 

“1.2.1                  Trustor makes the grant, bargain,
conveyance, sale, transfer and assignment set forth in Section 1.1 and
grants the security interest set forth in Article 3 for the purpose of
securing the following obligations (collectively, the “Secured Obligations”) in
any order of priority that Beneficiary may choose:

 

(a)                                  Except as specified
in Section 1.2.2 below, the payment and performance of each obligation of
Trustor pursuant to that certain Guaranty (as amended as of the date hereof,
the “Guaranty”) dated June 10, 2004, entered into by Trustor in favor of
Beneficiary pursuant to that Instrument of Joinder to Guaranty

 

2

 

dated as of October 8, 2004. 
The Guaranty has been entered into by Trustor to, among other things,
guaranty the payment and performance of all obligations of Borrower to Beneficiary
under the Credit Agreement and all related Loan Documents, pursuant to which
the Lenders have extended or have agreed to extend to the Borrower certain
secured revolving and term credit facilities, presently in the aggregate
principal amount of $275,000,000 (the “Commitment”), including, but not limited
to the payments of all amounts owing under the Swing Line Loan, the payment of
all amounts owing with respect to the Letters of Credit, including without
limitation unreimbursed drawings and obligations to furnish cash collateral as
provided in the Credit Agreement, and the payment of all amounts owing under
any and all Secured Swap Contracts entered into by the Borrower with any Lender
or Affiliate thereof;

 

(b)                                 The payment and
performance of all future advances and other obligations that Trustor or any
other person may owe to Beneficiary and/or any Lender (whether as principal,
surety or guarantor), when a writing evidences Trustor’s and Beneficiary’s
agreement that such advances or obligations be secured by this Deed of Trust;

 

(c)                                  The payment and
performance of all obligations of Trustor under this Deed of Trust; and

 

(d)                                 The payment and
performance of all modifications, amendments, extensions and renewals, however
evidenced, of any of the Secured Obligations described in clause (a), (b) or
(c) above.”

 

3.                                       Certain
Global Changes to References.  All
references in the Deed of Trust to the “Credit Agreement” shall mean and refer
to the Credit Agreement, as amended and restated.  All references in the Deed of Trust to the “Notes”
shall mean and refer to the Notes, as defined in the Credit Agreement.  All references in the Deed of Trust to the “Deed
of Trust” shall mean and refer to the Deed of Trust as amended hereby.

 

4.                                       Notices
to Beneficiary.  For purposes of
Sections 4 and 9.11 of the Deed of Trust, Beneficiary’s notice address is
hereby amended as follows:

 

	
  Bank of America, N.A.

  	
   

  
	
  Mail Code: TX1-492-14-11

  	
   

  
	
  Bank of America Plaza

  	
   

  
	
  901 Main St., 14th Floor

  	
   

  
	
  Dallas, TX 75202-3714

  	
   

  
	
  Attention:

  	
  Chris M.
  Levine, Assistant Vice President

  
	
   

  	
  Agency
  Management Officer II

  
	
   

  	
  GCIB Agency
  Management Central I

  
			

 

5.                                       No
Other Amendment.  Except as expressly
modified hereby, the Deed of Trust remains in full force and effect.

 

3

 

6.                                       Miscellaneous.  This Amendment shall bind, and shall inure to
the benefit of, the successors and assigns of the parties.  This document may be executed in counterparts
with the same force and effect as if the parties had executed one instrument,
and each such counterpart shall constitute an original hereof.  This Amendment shall be governed by and
construed in accordance with the laws of the State of Nevada.

 

4

 

IN WITNESS WHEREOF, Trustor and Beneficiary have caused this Amendment
to be duly executed as of the date first written above.

 

	
   

  	
  “Trustor”:

  
	
   

  	
   

  	
   

  
	
   

  	
  E-T-T, INC.,

  
	
   

  	
  a Nevada
  corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Edward
  Herbst

  	
   

  
	
   

  	
  Name:

  	
  Edward
  Herbst

  	
   

  
	
   

  	
  Its:

  	
  President

  	
   

  

 

5

 

	
   

  	
  “Beneficiary”:

  
	
   

  	
   

  	
   

  
	
   

  	
  BANK OF
  AMERICA, N.A.,

  
	
   

  	
  as
  Administrative Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Chris M.
  Levine

  	
   

  
	
   

  	
  Name:

  	
  Chris M.
  Levine

  	
   

  
	
   

  	
  Its:

  	
  Assistant
  Vice President

  	
   

  

 

6

 

	
  ACKNOWLEDGMENTS

  	
   

  
	
   

  	
   

  
	
  STATE OF
  Nevada

  	
  )

  
	
   

  	
  ) ss

  
	
  COUNTY OF
  Clark

  	
  )

  
			

 

This instrument was acknowledged before me on Jan 25, 2005 by Edward
Herbst as President of E-T-T, INC., a Nevada corporation.

 

[Seal]

 

	
   

  	
  /s/ Jenifer
  E. Cannon

  	
   

  
	
   

  	
  (signature of notarial officer)

  	
   

  
	
   

  	
  Notary Public

  	
   

  
	
   

  	
  (Title and rank)

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  My
  commission expires:

  	
  1/17/07

  	
   

  
				

 

7

 

	
  ACKNOWLEDGMENTS

  	
   

  
	
   

  	
   

  
	
  STATE
  OF  Texas

  	
  )

  
	
   

  	
  ) ss

  
	
  COUNTY
  OF  Dallas

  	
  )

  
			

 

This instrument was acknowledged before me on Jan. 25, 2005 by Chris M.
Levine as A.V.P. of Bank of America, N.A., a national banking association.

 

[Seal]

 

	
   

  	
  /s/ Patricia
  A. Tomek

  	
   

  
	
   

  	
  (signature of notarial officer)

  	
   

  
	
   

  	
  Sr. Risk
  Control Specialist

  	
   

  
	
   

  	
  (Title and rank)

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  My
  commission expires:

  	
  11-25-05

  	
   

  
				

 

8Exhibit 10.96

 

	
  APN: 179-17-303-010

  	
   

  
	
   

  	
   

  
	
  RECORDING REQUESTED BY, AND

  	
  Receipt/Conformed Copy

  
	
  WHEN RECORDED RETURN TO:

  	
  Requestor:

  
	
   

  	
  CHICAGO TITLE

  
	
  Sheppard, Mullin, Richter & Hampton LLP

  	
  01/31/2005 12:36:32 T20050019121

  
	
  333 South Hope Street, 48th Floor

  	
  Book/Instr: 20050131-0002388

  
	
  Los Angeles, California 90071

  	
  Trust Deed

  	
  Page Count: 8

  
	
  Attention: Sylvia D. Lautsch, Esq.

  	
  Fees: $21.00

  	
  N/C Fee: $25.00

  
	
   

  	
   

  
	
  Mail Property Tax Statements to:

  	
  Frances Deane

  
	
   

  	
  Clark County Recorder

  
	
  c/o Herbst Gaming, Inc.

  	
   

  
	
  5195 Las Vegas Boulevard

  	
   

  
	
  Las Vegas, Nevada 89119

  	
   

  
	
  Attention: M. Higgins

  	
   

  

 

FIRST
AMENDMENT TO DEED OF TRUST WITH

 

ASSIGNMENT
OF RENTS, SECURITY AGREEMENT AND FIXTURE FILING

 

This First Amendment to Deed of Trust with Assignment
of Rents, Security Agreement and Fixture Filing, dated as of January 31,
2005 (“Amendment”), is by and between MARKET GAMING, INC., a Nevada corporation
(“Trustor”), and BANK OF AMERICA, N.A., a national banking association (“Bank
of America”), as Administrative Agent for itself and the Lenders, hereinafter
defined.  Bank of America, in its
capacity as such Administrative Agent, is referred to herein as “Beneficiary.”

 

For valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree
as follows:

 

1.                                       Recitals and Certain Definitions.

 

1.1                                 This Amendment is a first amendment to
that certain Deed of Trust with Assignment of Rents, Security Agreement and
Fixture Filing dated June 10, 2004 (the “Deed of Trust”), executed by
Trustor, as trustor, for the benefit of Bank of America as Administrative Agent
for certain lenders, as beneficiary.  The
Deed of Trust was recorded on June 17, 2004, in Book No. 20040617 as
Instrument No. 0004769 in the Official Records of Clark County, Nevada (the “Official
Records”).

 

1.2                                 This Amendment is entered into:

 

(a)                                  with reference to that certain Credit
Agreement dated as of June 10, 2004 (“Original Credit Agreement”), among
Herbst Gaming, Inc., a Nevada corporation (“Borrower”), the lenders party
thereto (“Original Lenders”) and Bank of America as Administrative Agent for
the Original Lenders;

 

1

 

(b)                                 with reference to that certain Amended
and Restated Credit Agreement, dated as of October 8, 2004 by and among Borrower,
Bank of America as Administrative Agent, and the other lender parties
(collectively, “Lenders”) thereto (“Credit Agreement”), which Credit Agreement
amended and restated in its entirety the Original Credit Agreement, and which
provided for the extension of Revolving Loans to the Borrower in the aggregate
principal amount of $175,000,000, and for the extension of Term Loans to the
Borrower under certain circumstances;

 

(c)                                  with reference to that certain Term
Joinder Agreement dated concurrently herewith by and among Borrower, Bank of
America as Administrative Agent and the other Lenders, which amends the Credit
Agreement by providing for the extension of Term Loans to the Borrower in the
aggregate principal amount of $100,000,000; and

 

(d)                                 with reference to certain other documents
of even date herewith which constitute “Loan Documents” as defined in the
Credit Agreement. This Amendment and the Credit Agreement, together with the
other Loan Documents being executed substantially concurrently herewith, are
collectively referred to herein as the “Modification Documents”.

 

1.3                                 The Modification Documents modify
obligations that are presently secured by the Deed of Trust, including, without
limitation, certain obligations under the Original Credit Agreement evidenced
by the Notes, a note evidencing the Swing Line Loan and the Secured Swap
Contracts. Such modifications include, without limitation, (i) the conversion
of certain existing term loans under the Original Credit Agreement to revolving
credit facilities, (ii) the increase in certain existing Revolving Commitments
under the Original Credit Agreement to $175,000,000, and (iii), subject to the
satisfaction of certain conditions, the extension of new Term Loans in an
aggregate principal amount not to exceed $100,000,000.

 

1.4                                 Any capitalized term used and not
otherwise defined herein (A) shall have the meaning given to such term in the
Deed of Trust, or (B) if not defined in the Deed of Trust, shall have the
meaning given to such term in the Credit Agreement.

 

2.                                       Secured Obligations Under Deed of Trust.

 

2.1                                 Section 1.2.1 of the Deed of Trust
is hereby amended in its entirety to read as follows:

 

“1.2.1                  Trustor makes the grant, bargain, conveyance, sale, transfer and
assignment set forth in Section 1.1 and grants the security interest set
forth in Article 3 for the purpose of securing the following obligations
(collectively, the “Secured Obligations”) in any order of priority that
Beneficiary may choose:

 

(a)                                  Except as specified in Section 1.2.2
below, the payment and performance of each obligation of Trustor pursuant to
that certain Guaranty (as amended as of the date hereof, the “Guaranty”) dated June 10,
2004, entered into by Trustor in favor of Beneficiary pursuant to that
Instrument of Joinder to Guaranty

 

2

 

dated as of October 8, 2004.  The Guaranty has been entered into by Trustor
to, among other things, guaranty the payment and performance of all obligations
of Borrower to Beneficiary under the Credit Agreement and all related Loan
Documents, pursuant to which the Lenders have extended or have agreed to extend
to the Borrower certain secured revolving and term credit facilities, presently
in the aggregate principal amount of $275,000,000 (the “Commitment”),
including, but not limited to the payments of all amounts owing under the Swing
Line Loan, the payment of all amounts owing with respect to the Letters of
Credit, including without limitation unreimbursed drawings and obligations to
furnish cash collateral as provided in the Credit Agreement, and the payment of
all amounts owing under any and all Secured Swap Contracts entered into by the
Borrower with any Lender or Affiliate thereof;

 

(b)                                 The payment and performance of all future
advances and other obligations that Trustor or any other person may owe to
Beneficiary and/or any Lender (whether as principal, surety or guarantor), when
a writing evidences Trustor’s and Beneficiary’s agreement that such advances or
obligations be secured by this Deed of Trust;

 

(c)                                  The payment and performance of all
obligations of Trustor under this Deed of Trust; and

 

(d)                                 The payment and performance of all
modifications, amendments, extensions and renewals, however evidenced, of any
of the Secured Obligations described in clause (a), (b) or (c) above.”

 

3.                                       Certain Global Changes to References. 
All references in the Deed of Trust to the “Credit Agreement” shall mean
and refer to the Credit Agreement, as amended and restated.  All references in the Deed of Trust to the “Notes”
shall mean and refer to the Notes, as defined in the Credit Agreement.  All references in the Deed of Trust to the “Deed
of Trust” shall mean and refer to the Deed of Trust as amended hereby.

 

4.                                       Notices to Beneficiary. 
For purposes of Sections 4 and 9.11 of the Deed of Trust, Beneficiary’s
notice address is hereby amended as follows:

 

	
  Bank of America, N.A.

  
	
  Mail Code: TX1-492-14-11

  
	
  Bank of America Plaza

  
	
  901 Main St., 14th Floor

  
	
  Dallas, TX 75202-3714

  
	
  Attention:

  	
  Chris M. Levine, Assistant Vice President

  
	
   

  	
  Agency Management Officer II

  
	
   

  	
  GCIB Agency Management Central I

  

 

5.                                       No Other Amendment. 
Except as expressly modified hereby, the Deed of Trust remains in full
force and effect.

 

3

 

6.                                       Miscellaneous. 
This Amendment shall bind, and shall inure to the benefit of, the
successors and assigns of the parties. 
This document may be executed in counterparts with the same force and
effect as if the parties had executed one instrument, and each such counterpart
shall constitute an original hereof. 
This Amendment shall be governed by and construed in accordance with the
laws of the State of Nevada.

 

4

 

IN WITNESS WHEREOF, Trustor and Beneficiary have
caused this Amendment to be duly executed as of the date first written above.

 

	
   

  	
  “Trustor”:

  
	
   

  	
   

  
	
   

  	
  MARKET
  GAMING, INC.,

  
	
   

  	
  a Nevada
  corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Edward
  Herbst

  	
   

  
	
   

  	
  Name:

  	
  Edward
  Herbst

  	
   

  
	
   

  	
  Its:

  	
  President

  	
   

  

 

5

 

	
   

  	
  “Beneficiary”:

  
	
   

  	
   

  
	
   

  	
  BANK OF
  AMERICA, N.A.,

  
	
   

  	
  as
  Administrative Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Chris M.
  Levine

  	
   

  
	
   

  	
  Name:

  	
  Chris M.
  Levine

  	
   

  
	
   

  	
  Its:

  	
  Assistant
  Vice President

  	
   

  

 

6

 

	
  ACKNOWLEDGMENTS

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  STATE OF Nevada

  	
   

  	
  )

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  ) ss

  	
   

  	
   

  	
   

  
	
  COUNTY OF Clark    )

  	
   

  	
   

  	
   

  	
   

  

 

This instrument was acknowledged before me on Jan 25, 2005 by Edward
Herbst as President of MARKET GAMING, INC., a Nevada corporation.

 

	
  [Seal]

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Jenifer
  E. Cannon

  	
   

  
	
   

  	
  (signature of notarial officer)

  	
   

  
	
   

  	
  Notary Public

  	
   

  
	
   

  	
  (Title and rank)

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  My
  commission expires:

  	
  1/17/07

  	
   

  
				

 

7

	
   

  
	
  ACKNOWLEDGMENTS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  STATE OF Texas

  	
   

  	
  )

  
	
   

  	
   

  	
  ) ss

  
	
  COUNTY OF Dallas    )

  	
   

  

 

This instrument was acknowledged before me on Jan. 25, 2005 by Chris M.
Levine as A.V.P. of Bank of America, N.A., a national banking association.

 

	
  [Seal]

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Patricia
  A. Tomek

  	
   

  
	
   

  	
  (signature of notarial officer)

  
	
   

  	
  Sr. Risk
  Control Specialist

  	
   

  
	
   

  	
  (Title and rank)

  
	
   

  	
   

  
	
   

  	
  My
  commission expires:

  	
  11-25-05

  	
   

  
					

 

8

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