Document:

Certificate of Designations

 Exhibit 4.1 
  

ARTICLES OF AMENDMENT 
  
 TO THE 
  
 ARTICLES OF INCORPORATION OF 
  
 VCG HOLDING CORP. 
  

  
 SERIES A CONVERTIBLE PREFERRED STOCK 
  

  
 VCG Holding Corp., a Colorado corporation (the “Corporation”), pursuant to the applicable provisions of the Colorado Business Corporation Act and to the Corporation’s Articles of Incorporation, as amended, hereby adopts the
following Articles of Amendment to the Articles of Incorporation of the Corporation. (the “Articles”). 
  
 1. The name of the Corporation is “VCG Holding Corp.” 
  

2. The text of the amended Certificate of Designations, Preferences, Limitations and Relative Rights of Series A Convertible Preferred Stock (the
“Certificate”) is set forth as Exhibit A hereto and is incorporated by reference herein. 
  
 3. The amendment was adopted on September 16, 2005. 
  
 4. The amendment was duly approved by the Board of Directors and by the holders of Series A Convertible Preferred Stock of the Corporation. 
  
 5. The amendment is effective on the date of filing of these Articles with
the Colorado Secretary of State. 
  
 IN WITNESS WHEREOF,
the undersigned Corporation causes these Articles to be executed and delivered to the Colorado Secretary of State for filing. 
  

									
	 	 	 	 	VCG HOLDING CORP.
				
	 Date: September 22, 2005
	 	 	 	By:	 	 /s/    Donald W. Prosser

	 	 	 	 	 	 	 Name:
	 	 Donald W. Prosser

	 	 	 	 	 	 	 Title:
	 	 Chief Financial Officer

	 	 	 	 	 	 	 Address:
	 	 390 Union Blvd, Suite 540
 Lakewood, CO 80228

 Exhibit A 
  
 VCG HOLDING CORP. 
  

 Amended 
 DESIGNATIONS, PREFERENCES, LIMITATIONS AND RELATIVE RIGHTS OF 
  
 SERIES A CONVERTIBLE PREFERRED STOCK 
  

  
 Pursuant to the authority expressly granted to and vested in the Board of
Directors of VCG Holding Corp. (the “Corporation”) under the Colorado Business Corporations Act and by Article II, Paragraph B of the Corporation’s Articles of Incorporation (the “Articles”), there is hereby created, and the
Corporation is hereby authorized to issue, a series of convertible preferred stock, $.0001 par value, which shall have, in addition to the rights, restrictions, preferences and privileges set forth in the Articles, the following terms, conditions,
rights, restrictions, preferences and privileges: 
  
 I.

  
 DESIGNATION AND AMOUNT 
  
 A series of convertible preferred stock is hereby designated as “Series
A Convertible Preferred Stock” in the amount of One Million (1,000,000) shares (the “Series A Preferred Stock”). 
  
 II. 
  
 RANK 
  
 The
Series A Preferred Stock shall be senior to the Corporation’s common stock, $.0001 par value (the “Common Stock”). 
  
 III. 
  
 DIVIDENDS 
  
 Generally. Each holder of outstanding shares of Series A Preferred Stock shall be entitled to receive out of funds of the Corporation legally available therefor, cumulative dividends at the rate of 10.0% per year, accrued daily
and payable monthly in arrears on the last day of each month (the “Series A Preferential Dividend”), and in preference to any declaration or payment of dividends with respect to the Common Stock. Such dividends shall accrue on any given
share from the day of original issuance of such share and shall accrue from day-to-day whether or not earned or declared. If at any time dividends on the outstanding Series A Preferred Stock at the rate set forth above shall not have been paid or
declared and set apart for payment with respect to all preceding periods, interest will accrue on those unpaid dividends at a default rate equal to the maximum permitted by applicable law and the amount of the deficiency shall be 

 
fully paid or declared and set apart for payment before any distribution, whether by way of dividend or otherwise, shall be declared or paid upon or set
apart for the Common Stock of the Corporation or any other series of the Preferred Stock of the Corporation. 
  
 Any dividend payable on a dividend payment date shall be paid in cash and in United States dollars. 
  
 Nothing contained herein shall be deemed to establish or require any payment
or other charges in excess of the maximum permitted by applicable law. In the event that any payment required to be paid or other charges hereunder exceed the maximum permitted by such law, any payments in excess of such maximum shall be credited
against amounts owed by the Corporation, the holder and thus refunded to the Corporation. 
  
 D. Dividends Other Than Cash. Subject to the foregoing, if the Corporation shall declare a distribution payable in securities of persons or entities other than the Corporation, evidences of indebtedness issued
by the Corporation or other persons or entities, assets (excluding cash dividends) or options or rights to purchase any such securities or evidences of indebtedness, then, in each such case, the holders of Series A Preferred Stock shall be entitled
to a proportionate share of any such distribution as though the holders of Series A Preferred Stock were the holders of the number of shares of Common Stock of the Corporation into which their respective shares of Series A Preferred Stock are
convertible as of the record date fixed for the determination of the holders of Common Stock of the Corporation who are entitled to receive such distribution. 
  

IV. 
  
 PREFERENCE ON LIQUIDATION 
  
 A. Series A Preference. In the event of any liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary, the holders of the outstanding shares of Series A Preferred Stock shall
be entitled to be paid out of the assets of the Corporation available for distribution to its shareholders, whether from capital, surplus funds or earnings, and before any payment is made in respect of the shares of Common Stock, an amount equal to
$10.00 per share of Series A Preferred Stock, subject to adjustment for stock dividends, combinations, splits, recapitalizations and the like with respect to the Series A Preferred Stock, plus any and all accrued but unpaid dividends (the
“Series A Preference Price”). 
  
 B. Certain
Transactions. A consolidation or merger of the Corporation with or into any other corporation or corporations, or a sale of all or substantially all of the assets of the Corporation (other than a sale or transfer to a wholly owned subsidiary of
the Corporation), shall, at the option of the holders of the Series A Preferred, be deemed a liquidation, dissolution or winding up within the meaning of this Article IV if the shares of stock of the Corporation 

 
outstanding immediately prior to such transaction represent immediately after such transaction less than a majority of the voting power of the surviving
corporation (or of the acquirer of the Corporation’s assets in the case of a sale of assets). Such option may be exercised by the vote or written consent of holders of a majority of the Series A Preferred at any time within thirty
(30) days after written notice (which shall be given promptly) of the essential terms of such transaction shall have been given to the holders of the Series A Preferred in the manner provided by law for the giving of notice of meetings of
shareholders. 
  
 V. 
  
 VOTING 
  
 The holders of Series A Preferred Stock shall not be entitled to vote on any matters submitted or required to be submitted
to a vote of the shareholders of the Corporation, except as otherwise required by law or expressly provided herein, in which case every holder of Series A Preferred Stock shall be entitled to the number of votes equal to the number of whole shares
of Common Stock into which such shares of Series A Preferred Stock are convertible pursuant to the provisions hereof, at the record date for the determination of shareholders entitled to vote on such matters or, if no such record date is
established, at the date such vote is taken or any written consent of shareholders is solicited. In each such case, except as otherwise required by law or expressly provided herein, the holders of shares of Series A Preferred Stock and Common Stock
shall vote together and not as separate classes. 
  
 VI.

  
 CONVERSION 
  
 The holders of the outstanding shares of Series A Preferred Stock shall have
the following conversion rights (the “Conversion Rights”): 
  
 A. Right to Convert. Each share of Series A Preferred Stock shall be convertible, at the option of the holder thereof, at any time one year after the date of issuance of such shares, at the office of the Corporation into that number
of fully paid and non-assessable shares of Common Stock of the Corporation which is equal to the quotient obtained by dividing the Series A Preference Price then in effect for each share of Series A Preferred Stock by the Series A Conversion Price
(as hereinafter defined as appropriately adjusted in accordance with Article VI on the Conversion Date (as herein after defined). The “Series A Conversion Price” shall equal the greater of: (i) $2.50, or (ii) seventy five percent
(75%) of the Market Price (as hereinafter 

 
defined) of the Common Stock on the Conversion Date (as hereinafter defined). For purposes of this Article VI, the “Market Price” as of any date,
(i) means the average of the closing bid prices for the Common Stock as reported on the OTC Bulletin Board (“OTC-BB”) by Bloomberg for the ten (10) consecutive trading days immediately preceding such date, or (ii) if the
OTC-BB is not the principal trading market for the shares of Common Stock, the average of the closing bid prices as reported by Bloomberg on the principal trading market or exchange for the Common Stock during the same period, or, if there is no
sale price for such period, the last reported bid price as reported by Bloomberg for such period, or (iii) if market value cannot be calculated as of such date on any of the foregoing bases, the Market Price shall be the fair market value for a
share of Common Stock as determined in good faith by the Board of Directors of the Corporation, which determination shall be final and binding. The manner of determining the Market Price of the Common Stock set forth in the foregoing definition
shall apply with respect to any other security in respect of which a determination as to market value must be made hereunder. 
  
 B. Mechanics of Conversion. Each holder of outstanding shares of Series A Preferred Stock who desires to convert the same into shares of Common
Stock shall surrender the certificate or certificates therefor, duly endorsed, at the office of the Corporation together with written notice to the Corporation stating that such holder elects to convert the same and the number of shares of Series A
Preferred Stock being converted (the “Conversion Notice”). Thereupon, the Corporation shall issue and deliver to such holder a certificate or certificates for the number of shares of Common Stock to which such holder is entitled and shall
promptly pay all declared but unpaid dividends on the shares of Series A Preferred Stock being converted. Such conversion shall be deemed to have been made on the date of such surrender of the certificate or certificates representing the shares of
Series A Preferred Stock to be converted together with the Conversion Notice (the “Conversion Date”), and the person entitled to receive the shares of Common Stock issuable upon such conversion shall be treated for all purposes as the
record holder of such shares of Common Stock on the Conversion Date. 
  
 C. Adjustment for Stock Splits and Combinations. If the Corporation at any time or from time to time after the date that the Amendment to the Articles creating the Series A Preferred Stock was filed with the Colorado Secretary of
State (the “Filing Date”) effects a division of the outstanding shares of Common Stock, the Series A Conversion Price shall be proportionately decreased and, conversely, if the Corporation at any time, or from time to time, after the
Filing Date combines the outstanding shares of Common Stock, the Series A Conversion Price shall be proportionately increased. Any adjustment under this Section C shall be effective on the close of business on the date such division or combination
becomes effective. 
  
 D. Adjustment for Certain Dividends and
Distributions. If the Corporation at any time or from time to time after the Filing Date pays or fixes a record date for the determination of holders of shares of Common Stock entitled to receive a dividend or other distribution in the form of
shares of Common Stock, or rights or options for the purchase of, or securities convertible into, Common Stock, then in each such event the Series A Conversion Price shall be decreased, as of the time of such payment or, in the event a record date
is fixed, as of the close of business on such record date, by multiplying the Series A Conversion Price by a fraction (1) the numerator of which shall be the total number of shares of Common Stock outstanding 

 
immediately prior to the time of such payment or the close of business on such record date and (2) the denominator of which shall be (a) the total
number of shares of Common Stock outstanding immediately prior to the time of such payment or the close of business on such record date plus (b) the number of shares of Common Stock issuable in payment of such dividend or distribution or upon
exercise of such option or right of conversion; provided, however, that if a record date is fixed and such dividend is not fully paid or such other distribution is not fully made on the date fixed therefor, the Series A Conversion Price shall not be
decreased as of the close of business on such record date as hereinabove provided as to the portion not fully paid or distributed and, thereafter, the Series A Conversion Price shall be decreased pursuant to this Section D as of the date or dates of
actual payment of such dividend or distribution. 
  
 E.
Adjustments for Other Dividends and Distributions. If the Corporation at any time or from time to time after the Filing Date pays, or fixes a record date for the determination of holders of shares of Common Stock entitled to receive, a
dividend or other distribution in the form of securities of the Corporation other than (i) shares of Common Stock or (ii) rights or options for the purchase of, or securities convertible into, Common Stock, then in each such event
provision shall be made so that the holders of outstanding shares of Series A Preferred Stock shall receive upon conversion thereof, in addition to the number of shares of Common Stock receivable thereupon, the amount of securities of the
Corporation that they would have received had their respective shares of Series A Preferred Stock been converted into shares of Common Stock on the date of such event and had such holders thereafter, from the date of such event to and including the
actual Conversion Date of their shares, retained such securities, subject to all other adjustments called for during such period under this Article VI with respect to the rights of the holders of the outstanding shares of Series A Preferred Stock.

  
 F. Adjustment for Reclassification, Exchange and
Substitution. If, at any time or from time to time after the Filing Date, the number of shares of Common Stock issuable upon conversion of the shares of Series A Preferred Stock is changed into the same or a different number of shares of any
other class or classes of stock or other securities, whether by recapitalization, reclassification or otherwise (other than a recapitalization, division or combination of shares or stock dividend or a reorganization, merger, consolidation or sale of
assets provided for elsewhere in this Article VI), then in any such event each holder of outstanding shares of Series A Preferred Stock shall have the right thereafter to convert such shares of Series A Preferred Stock into the same kind and amount
of stock and other securities receivable upon such recapitalization, reclassification or other change, as the maximum number of shares of Common Stock into which such shares of Series A Preferred Stock could have been converted immediately prior to
such recapitalization, reclassification or change, all subject to further adjustment as provided in this Article VI. 
  
 G. Reorganizations, Mergers, Consolidations or Sales of Assets. If, at any time or from time to time after the Filing Date, there is a capital
reorganization of the Common Stock (other than a recapitalization, division, combination, reclassification or exchange of shares provided for elsewhere in this Article VI), a merger or consolidation of the Corporation into or with another
corporation or a sale of all or substantially all of the Corporation’s properties and assets to any other person, then, as a part of such capital reorganization, merger, consolidation or 

 
sale, provision shall be made such that: (i) the holders of outstanding shares of Series A Preferred Stock shall thereafter receive upon conversion
thereof the number of shares of stock or other securities or property of the Corporation, or of the successor corporation resulting from such merger or consolidation or sale, to which a holder of the number of shares of Common Stock into which their
shares of Series A Preferred Stock were convertible would have been entitled on such capital reorganization, merger, consolidation or sale; and (ii) the provisions of this Article VI (including adjustment of the Series A Conversion Price and
the number of shares into which the shares of Series A Preferred Stock may be converted) shall be applicable after that event and be as nearly equivalent to such Conversion Prices and number of shares as may be practicable. In any such case,
appropriate adjustment shall be made in accordance with the provisions of this Article VI with respect to the rights of the holders of the outstanding shares of Series A Preferred Stock after the capital reorganization, merger, consolidation, or
sale 
  
 H. Fractional Shares. No fractional shares of
Common Stock shall be issued upon conversion of the shares of Series A Preferred Stock. If any fractional shares result from a conversion, the total number of shares of Common Stock issued upon conversion shall be rounded down to the total number of
whole shares of Common Stock issuable upon conversion. 
  
 VII.

  
 RESTRICTIONS AND LIMITATIONS 
  
 So long as any shares of Series A Preferred Stock remain outstanding, the
Corporation, without the approval by vote or written consent of the holders of a majority of the then outstanding shares of Series A Preferred Stock, voting as a separate class, shall not take any action that would: 
  
 A. Alter or change any of the rights, preferences, privileges of, or
limitations provided for herein for the benefit of any shares of the Series A Preferred Stock, or 
  
 B. Increase the authorized number of shares of the Series A Preferred Stock. 
  
 VIII. 
  
 RESERVATION OF COMMON STOCK ISSUABLE UPON CONVERSION 
  
 The Corporation shall reserve and keep available out of its authorized but unissued shares of Common Stock, solely for the purpose of effecting the
conversion of the shares of the Series A Preferred Stock, a number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of the Series A Preferred Stock. 

 IX. 
  
 PAYMENT OF TAXES UPON CONVERSION 
  
 The holder of shares of Series A Preferred Stock shall pay any and all taxes, including, without limitation, issue, transfer and income taxes, and other
governmental charges that may be imposed in respect of the issue or delivery of shares of Common Stock upon conversion of such shares of Series A Preferred Stock. 
  
 X. 
  
 REDEMPTION 
  
 A. At any time after one (1) year from the date of issuance of the Series A Preferred, the holders of Series A Preferred Stock shall have the right
to cause the Corporation to redeem their Series A Preferred Stock, in whole or in part, at the Series A Preference Price. The holders so requesting redemption shall provide the Corporation with no less than ninety (90) days prior written notice
of such requested redemption, which notice may be delivered at any time prior to or after the one (1) year anniversary date of the issuance of the Series A Preferred Stock. The Corporation’s obligation to redeem shares of Series A
Preferred Stock under this Section A shall be specifically dependent and contingent upon the surrender of the original certificate(s) representing such shares. 
  

B. At any time after one (1) year from the date of issuance of the Series A Preferred and prior to conversion pursuant to Article VI hereof, the
Corporation shall have the right to redeem the outstanding shares of Series A Preferred Stock, in whole or in part, for cash only at the Series A Preference Price; provided, however, that the Corporation shall not be entitled to redeem shares of
Series A Preferred Stock unless it has given the holder of such shares written notice of such redemption prior to the delivery of any Conversion Notice by the holder with respect to such shares pursuant to Article VI hereof. Redemption of shares of
Series A Preferred Stock by the Corporation under this Section B shall not be dependent or otherwise contingent upon the surrender of the original certificate(s) representing such shares. 
  
 C. The Corporation shall pay the redemption price to the holder of the shares of Series A Preferred Stock within thirty
(30) days of the surrender of the original certificate(s) representing the Series A Preferred Stock being redeemed. Other than as set forth herein, the Series A Preferred Stock shall not be subject to further calls or assessments by the
Corporation. The Corporation is not required to establish any sinking fund or other fund or account for the benefit of the holders of the Series A Preferred Stock. In the event that Corporation fails to pay all or any portion of the redemption price
on the date it is due, the unpaid amount shall accrue interest for the benefit of the holder of the Preferred Stock at the highest rate permitted by law in the State of Colorado. 
  
 XI. 
  
 NO RE-ISSUANCE OF SERIES A PREFERRED STOCK 
  
 No share or shares of Series A Preferred Stock acquired by the Corporation by reason of conversion, redemption, purchase or otherwise shall be reissued as
Series A Preferred Stock, and 

 
all such shares shall be canceled, retired and eliminated from the shares of Series A Preferred Stock that the Corporation shall be authorized to issue;
provided, however, that such shares shall be returned to the status of undesignated and unissued shares of preferred stock of the Corporation. 
  
 XII. 
  
 NOTICES 
  
 Any notice or other communication required or permitted to be given hereunder shall be in writing and shall be effective (a) upon hand delivery or delivery by facsimile transmission (with confirmation received) at the address or number
designated below (if delivered on a business day during normal business hours where such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during normal business hours where such
notice is to be received) or (b) on the second (2nd) business day following the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur. The
addresses for such communications shall be: 
  

			
	 to the Company:
	  	 VCG Holding Corp.
 390 Union Boulevard , Suite 540
 Lakewood, Colorado 80228
 Attn: Troy H. Lowrie, Chairman and CEO
 FAX (303) 922-0746

	 to the Holder:
	  	 At the address set forth on the books and
 records of the
Company or as specified in
 writing by Holder.

  
 Any party hereto may from time to time
change its address for notices by giving at least ten (10) days’ written notice of such changed address to the other party hereto.First Amendment to the Amended and Restated Credit Agreement

 Exhibit 10.1 
  
 FIRST AMENDMENT TO 
 AMENDED AND RESTATED CREDIT AGREEMENT 
  
 This
FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), dated as of October 11, 2005, between PINNACLE ENTERTAINMENT, INC., a Delaware corporation (the “Borrower”) and
LEHMAN COMMERCIAL PAPER INC., as administrative agent (the “Administrative Agent”) and consented to by the Lenders (as defined in the Credit Agreement referred to below) which execute a Lender Consent (as defined below).

  
 Recitals 
  
 Whereas, the Borrower, the Lenders, and the Administrative Agent have
entered into that certain Amended and Restated Credit Agreement dated as of August 27, 2004 (as amended, amended and restated, extended, supplemented or otherwise modified from time to time, the “Credit Agreement”). Any terms
defined in the Credit Agreement and not defined in this Amendment are used herein as defined in the Credit Agreement; 
  
 Whereas, by notice dated as of September 1, 2005, the Borrower has notified the Administrative Agent that certain facilities of its
Subsidiaries sustained damage due to Hurricane Katrina and by notice dated as of September 26, 2005, the Borrower has notified the Administrative Agent that certain facilities of its Subsidiaries sustained damage due to Hurricane Rita. Such
damage has resulted in the cessation or limitation of operations at the affected facilities, and the Borrower is hereby requesting that its compliance with certain provisions of the Loan Documents be waived as specified herein, and that certain
provisions of the Loan Documents be modified as specified herein; and 
  
 Whereas, the Required Lenders and the Administrative Agent are willing to agree to the amendments requested by the Borrower, on the terms and conditions set forth in this Amendment; 
  
 Now Therefore, in consideration of the premises and the mutual
agreements set forth herein, the Borrower, the Required Lenders, and the Administrative Agent agree as follows: 
  
 1. AMENDMENTS TO CREDIT AGREEMENT. Subject to the conditions and upon the terms set forth in this Amendment and in reliance on the representations
and warranties of the Borrower set forth in this Amendment, the Credit Agreement is hereby amended as follows: 
  
 1.1 Amendment to Section 1. Section 1 shall be amended as follows: 
  
 (a) Section 1.1 of the Credit Agreement shall be
amended by adding the following definitions in the appropriate alphabetical order: 
  
 ““Biloxi Property”: the Casino Magic Biloxi hotel and river-boat casino, located in Biloxi, Mississippi.”

  
 ““Biloxi Project”: the
redevelopment of the Biloxi Property.” 
  
 ““Biloxi Project Pre-Designation Costs”: any out-of-pocket expenses incurred after the First Amendment Effective Date and prior to the designation of the Biloxi Project as a Current Project pursuant to Section 5.5
in connection with the Biloxi Property, up to a maximum of $25,000,000; provided that such amount may be increased by up to $10,000,000 upon consultation with and approval of the Administrative Agent.” 
  

 1 

 ““First Amendment”: that certain First Amendment to Amended and
Restated Credit Agreement, dated as of October 11, 2005, among the Borrower, the Lenders party thereto and the Administrative Agent.” 
  
 ““First Amendment Effective Date”: the “Effective Date” as defined in the First Amendment.”

  
 ““Lake Charles
Property”: the L’Auberge du Lac hotel and river-boat casino, located in Lake Charles, Louisiana.” 
  
 ““New Orleans Property”: the Boomtown New Orleans hotel and river-boat casino, located in Harvey, Louisiana.”

  
 (b) Section 1.1 of the Credit Agreement
shall be amended by deleting the definitions of “Designation Deadline” and Minimum Amenities”, and adding the following definitions in lieu thereof: 
  
 “Designation Deadline”: (a) with respect to the St. Louis City Project and the St.
Louis County Project, two (2) years from the Effective Date; and (b) with respect to the Biloxi Project, December 31, 2006. 
  
 “Minimum Amenities”: in the case of the Lake Charles Project, those amenities specified on Schedule 1.1(a); and in the
case of the St. Louis City Project, the St. Louis County Project or the Biloxi Project, those amenities specified in the applicable Current Project Designation Request, as approved by the Administrative Agent in connection with the designation of
such project as a Current Project pursuant to Section 5.5. 
  
 (c) The definition of “Architect” in Section 1.1 of the Credit Agreement shall be amended by deleting the word “or” that appears at the end of clause (ii) thereof and adding the
following at the end of such definition: 
  
 “or
(iv) if the Biloxi Project is designated a Current Project pursuant to Section 5.5, the architect for the Biloxi Project reasonably approved by the Administrative Agent.” 
  
 (d) The definition of “Annualized Adjusted EBITDA” in Section 1.1 of the Credit
Agreement shall be amended by adding the following at the end of the definition: 
  
 “; provided that, for purposes of calculating Annualized Adjusted EBITDA of the Borrower and its Restricted Subsidiaries from January 1, 2006 through September 30, 2006 (i) the historical
Consolidated EBITDA related to the New Orleans Property for any period prior to January 1, 2006 shall be excluded; and (ii) the Consolidated EBITDA for the New Orleans Property during such period shall be: (x) for the fiscal quarter
ending on March 31, 2006, the Consolidated EBITDA for the New Orleans Property for the fiscal quarter ending on March 31, 2006 multiplied times four; (y) for the fiscal quarter ending on June 30, 2006, the Consolidated EBITDA for
the New Orleans Property for the two consecutive fiscal quarter period ending on June 30, 2006 multiplied times two; and (z) for the fiscal quarter ending on September 30, 2006, the Consolidated EBITDA for the New Orleans Property for
the three consecutive fiscal quarter period ending 

  

 2 

 
on September 30, 2006 multiplied times four/thirds; provided further, for purposes of calculating Annualized Adjusted EBITDA of the Borrower and
its Restricted Subsidiaries from the First Amendment Effective Date through September 30, 2006, (i) the historical Consolidated EBITDA related to the Lake Charles Property for any period prior to January 1, 2006 shall be excluded; and
(ii) the Consolidated EBITDA for the Lake Charles Property during such period shall be: (w) for the fiscal quarters ending on September 30, 2005 and December 31, 2005, zero; (x) for the fiscal quarter ending on
March 31, 2006, the Consolidated EBITDA for the Lake Charles Property for the fiscal quarter ending on March 31, 2006 multiplied times four; (y) for the fiscal quarter ending on June 30, 2006, the Consolidated EBITDA for the Lake
Charles Property for the two consecutive fiscal quarter period ending on June 30, 2006 multiplied times two; and (z) for the fiscal quarter ending on September 30, 2006, the Consolidated EBITDA for the Lake Charles Property for the
three consecutive fiscal quarter period ending on September 30, 2006 multiplied times four/thirds.” 
  
 (e) The definition of “Completion Date” in Section 1.1 of the Credit Agreement shall be amended by deleting the word
“or” that appears at the end of clause (ii) thereof and adding the following at the end of such definition: 
  
 “or (iv) with regards to the Biloxi Project, the date that is six (6) months following the Opening Date of the Biloxi Project.”

  
 (f) The definition of “Completion
Ratio” in Section 1.1 of the Credit Agreement shall be amended by deleting the word “or” that appears at the end of clause (ii) thereof and adding the following at the end of such definition: 
  
 “and (iv) if the Biloxi Project is designated a Current Project
pursuant to Section 5.5 (a) the amount of Expenses related to the Biloxi Project incurred as of such date less the amount of such Expenses which constitute interest expense and pre-opening costs, divided by (b) the total Expenses
related to the Biloxi Project contemplated under the applicable Construction Budget (less the budgeted amounts for capitalized interest and pre-opening costs).” 
  
 (g) The definition of “Consolidated Net Income” in Section 1.1 of the Credit Agreement
shall be amended by adding the following at the end of such definition: 
  
 “; provided further, that in calculating Consolidated Net Income of the Borrower and its Subsidiaries for any fiscal quarter (i) any business interruption insurance received or expected to be received
with respect to the Biloxi Property and included in the calculation of Consolidated Net Income in accordance with GAAP for such fiscal quarter shall be excluded from Consolidated Net Income and (ii) there shall be included in Consolidated Net
Income for such fiscal quarter the amount (determined in good faith by senior management of the Borrower) of the business interruption insurance with respect to the Biloxi Property the Borrower expects to collect with respect to such fiscal quarter
(such amount not to exceed the sum of (A) $4,100,000 (which is 89% of the projected quarterly EBITDA for the Biloxi Property for the fiscal year 2006) and (B) the amount of business interruption insurance not reflected in clause
(A) that the Borrower expects to collect as a reimbursement in respect of other expenses incurred at the Biloxi Property with respect to such fiscal quarter (provided that the amount 

  

 3 

 
included pursuant to this clause (B) shall not exceed the amount of the other expenses incurred at the Biloxi Property that are actually included in
calculating Consolidated Net Income for such fiscal quarter)); provided further, that in calculating Consolidated Net Income of the Borrower and its Subsidiaries for any period, there shall be excluded from Consolidated Net Income any portion
of such Consolidated Net Income which relates to casualty or property insurance received or to be received with respect to the Biloxi Property as a result of Hurricane Katrina and any related impairment charge.” 
  
 (h) The definition of “Construction Budget”
in Section 1.1 of the Credit Agreement shall be amended by deleting the word “or” that appears at the end of clause (ii) thereof and adding the following at the end of such definition: 
  
 “or (iv) if the Biloxi Project is designated a Current Project
pursuant to Section 5.5, the construction budget for the Biloxi Project approved by the Administrative Agent and any amendment to increase the construction budget approved by the Administrative Agent, not to exceed $250,000,000 (as may be
amended pursuant to Section 7.16).” 
  
 (i) The definition of “Construction Plans” in Section 1.1 of the Credit Agreement shall be amended by deleting the word “or” that appears at the end of clause (ii) thereof and adding the following at the
end of such definition: 
  
 “or (iv) if the Biloxi
Project is designated a Current Project pursuant to Section 5.5, the construction plans and drawings for the Biloxi Project reasonably approved by the Administrative Agent, as at any time supplemented or amended in accordance with the terms of
this Agreement.” 
  
 (j) The definition of
“Construction Timetable” in Section 1.1 of the Credit Agreement shall be amended by deleting the word “or” that appears at the end of clause (ii) thereof and adding the following at the end of such definition:

  
 “or (iv) if the Biloxi Project is designated a
Current Project pursuant to Section 5.5, the construction timetable for the Biloxi Project approved by the Administrative Agent, as at any time amended in accordance with the terms of this Agreement.” 
  
 (k) The definition of “Contractor” in
Section 1.1 of the Credit Agreement shall be amended by deleting the word “or” that appears at the end of clause (ii) thereof and adding the following at the end of such definition: 
  
 “or (iv) if the Biloxi Project is designated a Current Project
pursuant to Section 5.5, either Manhattan Construction Company or the general contractor for the Biloxi Project reasonably approved by the Administrative Agent.” 
  
 (l) The definition of “Current Project” in Section 1.1 of the Credit Agreement shall
be amended by deleting the word “or” that appears at the end of clause (ii) thereof and adding the following at the end of such definition: 
  

 4 

 “or (iv) the Biloxi Project from the date designated as a Current Project by Administrative
Agent pursuant to Section 5.5 until the applicable Completion Date.” 
  
 (m) The definition of “Expenses” in Section 1.1 of the Credit Agreement shall be amended by deleting the word
“or” that appears at the end of clause (ii) thereof and adding the following at the end of such definition: 
  
 “or (iv) with regards to the Biloxi Project, the aggregate costs and expenses (including construction costs, design, FF&E, soft costs,
pre-opening and promotional costs) expended in the construction and development of the Biloxi Project in accordance with the applicable Construction Plans and the applicable Construction Budget if the Biloxi Project is designated a Current Project
pursuant to Section 5.5.” 
  
 (n) The
definition of “Opening” in Section 1.1 of the Credit Agreement shall be amended by deleting the word “or” that appears at the end of clause (ii) thereof and adding the following at the end of such definition:

  
 “or (iv) with regards to the Biloxi Project, :
(a) that portion of the applicable Minimum Amenities that are designated as required to be completed for the applicable Opening Date to occur in the applicable Current Project Designation Request is substantially complete and operational,
(b) a certificate of occupancy (which may be a temporary certificate of occupancy) has been issued in respect of the Biloxi Project, and (c) the Biloxi Project is legally open for business to hotel, resort and gaming patrons as
contemplated by the applicable Construction Plans.” 
  
 (o) The definition of “Opening Date” in Section 1.1 of the Credit Agreement shall be amended by deleting the word “or” that appears at the end of clause (ii) thereof and adding the
following at the end of such definition: 
  
 “or
(iv) if the Biloxi Project is designated a Current Project pursuant to Section 5.5, the date projected for the Opening of the Biloxi Project as approved by the Administrative Agent, which date shall not be more than 30 months following
such designation,.” 
  
 (p) The definition
of “Required Minimum Contingency” in Section 1.1 of the Credit Agreement shall be amended by deleting the word “or” that appears at the end of clause (2) thereof and adding the following at the end of such
definition: 
  
 if the Biloxi Project is designated a Current
Project pursuant to Section 5.5, (a) until the Completion Ratio of the Biloxi Project is 0.35, 5% of the applicable Construction Budget as reduced by capitalized interest and pre-opening costs; and (b) thereafter, (i) 5% of the
applicable Construction Budget as reduced by capitalized interest and pre-opening costs times (ii) 1.00 minus the Completion Ratio of the Biloxi Project 
  

1.2 Amendment to Section 4. 
  

 5 

 (a) Section 4.2 shall be amended by adding the following clause to the end of the
existing Section 4.2: 
  
 “, other than the property
damage to and effects on the operating results of the Biloxi Property, the New Orleans Property and the Lake Charles Property, in each case, resulting from Hurricane Katrina and/or Hurricane Rita”. 
  
 (b) Section 4.16 shall be amended by deleting the word
“and” that appears at the end of clause (viii) thereof and adding the following at the end of such definition: 
  
 “(x) to pay for all or a portion of the Biloxi Property Pre-Designation Costs, (xi) to pay for all or a portion of the Expenses related to
the Biloxi Project.” 
  
 1.3 Amendment
to Section 5. 
  
 (a)
Section 5.2(d) shall be deleted in its entirety and replaced with the following: 
  
 “If any such extension of credit shall be for the St. Louis City Project, the St. Louis County Project or the Biloxi Project, such project must have been theretofore designated as a Current Project pursuant to
Section 5.5.” 
  
 (b) The following
clause (h) shall be added at the end of Section 5.2: 
  
 “(h) Biloxi Project. If the proceeds of any such extension of credit shall be for Expenses associated with the Biloxi Project, then (i) the Opening of the Biloxi Project must be scheduled to occur on
or before its Opening Date, and (ii) the development and construction of the Biloxi Project must be scheduled to be completed in accordance with the applicable Construction Timetable and within the applicable Construction Budget.”

  
 (c) Section 5.3(e)(viii) shall be
amended by deleting the word “and” that appears at the end of clause (y) thereof and adding the following at the end thereof: 
  
 “and (aa) with respect to the Biloxi Project, the date that is 30 months after the Biloxi Project is designated as a Current Project pursuant to
Section 5.5.” 
  
 (d) The following
clause (xi) shall be added at the end of Section 5.3(e): 
  
 “(xi) With respect to disbursements for Expenses associated with the Biloxi Project, Borrower shall certify to the Administrative Agent and the Lenders that (i) the Opening of the Biloxi Project is scheduled
to occur on or before its Opening Date, and (ii) the development and construction of the Biloxi Project is scheduled to be completed in accordance with the applicable Construction Timetable and within the applicable Construction Budget.”

  
 (e) Section 5.3(f) shall be deleted in
its entirety and replaced with the following: 
  
 “(f) Conditions for all Other Disbursements. To the extent that the disbursement will be used for purposes permitted pursuant to Section 4.16 hereof 

  

 6 

 
(including, without limitation, the St. Louis City Pre-Development Costs, the St. Louis County Pre-Development Costs and the Biloxi Project Pre-Designation
Costs) and not related to Expenses associated with a Current Project, each such disbursement shall be made within one (1) Business Day of the submission to the Administrative Agent of a Borrowing Notice provided that no Default or Event
of Default shall have occurred and be continuing and that each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents shall be true and correct in all material respects on and as of such date as if made on
and as of such date.” 
  
 (f)
Section 5.5 shall be amended by deleting the first sentence in its entirety and replacing it with the following: 
  
 “The Borrower may, at any time on or prior to the applicable Designation Deadline, request that the Administrative Agent designate any or all of the
St. Louis City Project, the St. Louis County Project, or the Biloxi Project as a “Current Project” if and when (i) the Borrower provides to the Administrative Agent a Request for Current Project Designation substantially in the form
of Exhibit T (the “Current Project Designation Request”) completed and signed by the Borrower and any applicable Restricted Subsidiaries with all attachments thereto, and (ii) Borrower has secured all entitlements and
approvals necessary to commence construction of the Current Project to be designated.” 
  
 1.4 Amendment to Section 6. Clause (a) of Section 6.5 shall be deleted in its entirety and replaced with the
following: 
  
 “(a) Except (x) as in the aggregate
could not reasonably be expected to result in a Material Adverse Effect and (y) property damage to and effects on the operating results of the Biloxi Property, the New Orleans Property and the Lake Charles Property resulting from Hurricane
Katrina and/or Hurricane Rita, keep all Property and systems useful and necessary in its business in good working order and condition, ordinary wear and tear excepted and” 
  
 1.5 Amendment to Section 7. 
  
 (a) Section 7.1(c) shall be amended by replacing the
required Consolidated Senior Debt Ratio for the fiscal quarters ending on December 31, 2005 with 3.5. 
  
 (b) Section 7.16 shall be amended by adding the following clause (h) at the end thereof: 
  
 “(h) Prior to the Biloxi Project being designated as a
Current Project, Capital Expenditures associated with the Biloxi Project which constitute Biloxi Project Pre-Designation Costs, and after the Biloxi Project has been designated a Current Project pursuant to Section 5.5, Capital Expenditures
associated with the Biloxi Project which do not result in the aggregate Biloxi Expenses (including for this purpose, capitalized interest and capitalized pre-opening expenses) associated with that project being in excess of $250,000,000.”

  
 1.6 Waiver of Certain Financial
Covenants. By their execution of the Lender Consents, each in the form of Exhibit B attached hereto (each individually a “Lender Consent”, 

  

 7 

 
and collectively, the “Lender Consents”), the Required Lenders waive any Event of Default that may arise or has arisen under the Credit
Agreement as a result of: 
  
 (a) the
Borrower’s failure to comply with the provisions of Section 7.1(a), Section 7.1(b), Section 7.1(c) and Section 7.1(d) for the fiscal quarter ending on September 30, 2005; or 
  
 (b) the Borrower’s failure to comply with the
provisions of Section 7.1(a), Section 7.1(b) and Section 7.1(d) for the fiscal quarter ending on December 31, 2005. 
  
 2. CERTAIN BILOXI PROPERTY MATTERS. Notwithstanding anything to the contrary contained the in the Loan Documents, by their execution of the Lender
Consents, the Required Lenders (a) waive any requirement for the Borrower or any Loan Party to rebuild the Biloxi Property; and (b) agree that the Borrower and its Subsidiaries may reinvest any Net Cash Proceeds received by the Borrower or
any of its Subsidiaries in respect of any property or casualty insurance claim made with respect to the Biloxi Property with respect to Hurricane Katrina to acquire assets useful in its business or to fund Expenses with respect to Current Projects
so long as such reinvestment or funding occurs not later than one year after the receipt of such Net Cash Proceeds, and any amount not so reinvested shall, on the date one year after the date of the receipt of such Net Cash Proceeds, be applied to
prepay Term Loans in accordance with the provisions of Section 2.13(f). For avoidance of doubt, proceeds of any business interruption insurance related to Hurricane Katrina or Hurricane Rita shall be treated under the Mortgages as revenues
from operations. 
  
 3. CERTAIN DELAYED DRAW TERM LOAN AND
CONSTRUCTION RESERVE ACCOUNT MATTERS. The Borrower hereby acknowledges that the proceeds of the $100,000,000 of Delayed Draw Term Loans that were funded by the Lenders on August 31, 2005 (the “August Term Loans”) were not
deposited into the Completion Reserve Account as required pursuant to Section 2.1(b) of the Credit Agreement and were instead applied directly to (x) the repayment of $69,000,000 of Revolving Loans, the proceeds of which were used
solely for the purpose of repaying all or a portion of the amounts due under the Senior Subordinated Notes Indenture 1999 (a use otherwise permitted under Section 4.16 of the Credit Agreement) and (y) pay $31,000,000 towards the
purchase price for certain real property located in St. Louis, Missouri (such uses, the “Identified Applications”), and hereby requests that the Lenders waive any Default or Event of Default that may have arisen as a result of the
failure to deposit the proceeds of the August Term Loans into the Completion Reserve Account or the application of such proceeds for the Identified Applications. Based on the representation and warranty that the proceeds of the August Term Loans
have been used solely for the Identified Applications and the other representations and warranties of the Borrower contained herein, by their execution of the Lender Consents, the Required Lenders waive any Default or Event of Default (including,
without limitation, the failure to give notice thereof) that may have arisen under the Credit Agreement solely as a result of (i) the Borrower’s failure to deposit the proceeds of the August Term Loans into the Completion Reserve Account
as required pursuant to Section 2.1(b) and Section 5.3(d) of the Credit Agreement; (ii) the Borrower’s failure to comply with the conditions contained in the Credit Agreement for the withdrawal of funds from the
Completion Reserve Account to the extent such funds would have related to the August Term Loans; and (iii) the application of the proceeds of the August Term Loans to the Identified Applications, to the extent that such application may have
violated Section 4.16 or Section 5.3(f) of the Credit Agreement. 
  
 4. REPRESENTATIONS AND WARRANTIES OF THE BORROWER. In order to induce the Administrative Agent to enter into this Amendment and the Required
Lenders to execute the Lender Consents, the Borrower represents and warrants to each Lender and the Administrative Agent that: 
  

 8 

 4.1 Organizational Power; Authorization; Enforceable Obligations. Each Loan
Party has the organizational power and authority, and the legal right, to make, deliver and perform this Amendment, and, as applicable, the Consent of Guarantors in the form of Exhibit A attached hereto (the “Consent”). Each Loan
Party has taken all necessary corporate or other action to authorize the execution, delivery, and performance of this Amendment and the Consent, and the performance of the Loan Documents as modified by this Amendment. No consent or authorization of,
filing with, notice to, or other act by or in respect of, any Governmental Authority or any other Person, is required in connection with the execution, delivery, performance, validity, or enforceability of this Amendment, the Consent, and the Loan
Documents as modified by this Amendment. This Amendment and the Consent have each been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Amendment, the Consent, and the Loan Documents, as amended by this
Amendment, constitute a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). 
  
 4.2 No Legal Bar. The execution, delivery and
performance of this Amendment, the Consent and the Loan Documents, as modified by this Amendment, will not violate in any material respect any Requirement of Law or any Contractual Obligation of the Borrower or any of its Subsidiaries and will not
result in, or require, the creation or imposition of any Lien on any of their respective properties or revenues pursuant to any Requirement of Law or any such Contractual Obligation (other than the Liens created by the Security Documents). No
Requirement of Law or Contractual Obligation applicable to the Borrower or any of its Subsidiaries could reasonably be expected to have a Material Adverse Effect. 
  
 4.3 No Default. After giving effect to this Amendment, no event has occurred and is continuing
or will result from, the execution and delivery of this Amendment or the Consent that would constitute a Default or an Event of Default. 
  
 4.4 Representations and Warranties. After giving effect to this Amendment, each of the representations and warranties made
by any Loan Party in or pursuant to the Loan Documents shall be true and correct in all material respects on and as of such date as if made on and as of the Effective Date (as defined below). 
  
 5. CONDITIONS TO EFFECTIVENESS OF THIS AMENDMENT. This Amendment, and
the consents and approvals contained herein, shall be effective on the date (the “Effective Date”) when each of the following conditions has been satisfied: 
  
 5.1 Execution of Amendment. The Borrower and the Administrative Agent shall have executed and
delivered this Amendment to the Administrative Agent. 
  
 5.2 Execution of Lender Consents. The Lender Consents shall have been executed and delivered to the Administrative Agent by Lenders constituting Required Lenders. 
  
 5.3 Execution of Consent. Each of the Guarantors shall have executed and delivered the Consent
to the Administrative Agent. 
  
 5.4
Representations and Warranties. Each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents shall be true and correct in all 

  

 9 

 
material respects on and as of the Effective Date as if made on and as of such date after giving effect to this Amendment. 
  
 5.5 No Default. After giving effect to this
Amendment, no Default or Event of Default shall have occurred and be continuing on the Effective Date. 
  
 5.6 Delivery of Documents. The Administrative Agent shall have received such documents as the Administrative Agent
may reasonably request in connection with this Amendment. 
  
 5.7 Amendment Fee. The Borrower shall have paid to the Administrative Agent, for the account of each Required Lender who has delivered a signed Lender Consent to the Administrative Agent with respect
hereto by 12:00 p.m./Noon (New York time) on October 6, 2005, a fee in an amount equal to 0.10% of the sum of (i) the aggregate unpaid principal amount of the Term Loans then outstanding, (ii) the unfunded Term Loan Commitments (if
any), (iii) the aggregate unpaid principal amount of the Delayed Draw Term Loans then outstanding, (iv) the unfunded Delayed Draw Term Loan Commitments (if any), and (v) the Total Revolving Credit Commitments then in effect or, if the
Revolving Credit Commitments have been terminated, the Total Revolving Extensions of Credit then outstanding, in each case held by such Required Lender. 
  
 6. EFFECT OF AMENDMENT; RATIFICATION. This Amendment is a Loan Document. From and after the date on which this Amendment becomes effective, all
references in the Loan Documents to the Credit Agreement shall mean the Credit Agreement as amended hereby. Except as expressly amended hereby or waived herein, the Credit Agreement and the other Loan Documents, including the Liens granted
thereunder, shall remain in full force and effect, and all terms and provisions thereof are hereby ratified and confirmed. 
  
 7. BORROWER CONFIRMATION. The Borrower confirms that as amended hereby, each of the Loan Documents is in full force and effect, and that none of
the Loan Parties has any defenses, setoffs or counterclaims to its Obligations. 
  
 8. GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

  
 9. NO WAIVER. Except as expressly set forth herein, the
execution, delivery and effectiveness of this Amendment does not constitute a waiver of any Default or Event of Default, amend or modify any provision of any Loan Document or constitute a course of dealing or any other basis for altering the
Obligations of any Loan Party. 
  
 10. INTEGRATION. This
Amendment represents the entire agreement of the parties with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by the Administrative Agent or any Lender relative to subject matter hereof
not expressly set forth or referred to herein. 
  
 11.
CAPTIONS. The catchlines and captions herein are intended solely for convenience of reference and shall not be used to interpret or construe the provisions hereof. 
  

 10 

 12. COUNTERPARTS. This Amendment may be executed by one or more of the parties to this Amendment
on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Amendment shall be effective as delivery of a manually
executed counterpart hereof. A set of the copies of this Amendment signed by all the parties shall be lodged with the Administrative Agent. 
  
 [Remainder of page intentionally left blank] 
  

 11 

 IN WITNESS WHEREOF, each of the undersigned has duly executed this Amendment as of the date set
forth above. 
  
 BORROWER: 
  

			
	 PINNACLE ENTERTAINMENT, INC., a
 Delaware
corporation,

		
	 By:
	 	/s/    S. H. CAPP        
	 Name: 
	 	 
	 Title: 
	 	 

  

 S-1 

 ADMINISTRATIVE AGENT: 
  

			
	 LEHMAN COMMERCIAL PAPER INC.

		
	By:	 	/s/    V. PAUL ARZOUIAN        
	 Name: 
	 	V. Paul Arzouian
	 Title: 
	 	Authorized Signatory

  

 S-2 

 Exhibit A 
  
 CONSENT OF GUARANTORS 
  
 Each of the undersigned is a Guarantor of the Obligations of the Borrower under the Credit Agreement and hereby (a) consents to the foregoing
Amendment, (b) acknowledges that notwithstanding the execution and delivery of the foregoing Amendment, the obligations of each of the undersigned Guarantors are not impaired or affected and the Guaranties continue in full force and effect, and
(c) ratifies its Guaranty and each of the Loan Documents to which it is a party. 
  
 IN WITNESS WHEREOF, each of the undersigned has executed and delivered this CONSENT OF GUARANTORS as of the 11th day of October, 2005. 
  

			
	 BILOXI CASINO CORP., a Mississippi corporation
 CASINO MAGIC CORP., a Minnesota corporation
 CASINO ONE CORPORATION, a Mississippi corporation
 HP/COMPTON, INC., a California corporation
 PNK (BOSSIER CITY), INC., a Louisiana corporation
 ST. LOUIS CASINO CORP., a Missouri corporation

		
	 By:
	 	/s/    S. H. CAPP        
	 Name: 
	 	 
	 Title: 
	 	 

  

					
	BELTERRA RESORT INDIANA, LLC, a Nevada limited liability company
		
	By:	 	Pinnacle Entertainment, Inc., its sole member
			
	 	 	 By:
	 	/s/    S. H. CAPP        
	 	 	 Name: 
	 	 
	 	 	 Title: 
	 	 

  

					
	BOOMTOWN, LLC, a Delaware limited liability company
		
	By:	 	Pinnacle Entertainment, Inc., its sole member
			
	 	 	 By:
	 	/s/    S. H. CAPP        
	 	 	 Name: 
	 	 
	 	 	 Title: 
	 	 

  

 S-1 

					
	CRYSTAL PARK HOTEL AND CASINO DEVELOPMENT COMPANY, LLC, a California limited liability company
		
	By:	 	HP/Compton, Inc., its sole member and manager
			
	 	 	 By:
	 	/s/    S. H. CAPP        
	 	 	 Name: 
	 	 
	 	 	 Title: 
	 	 

  

							
	OGLE HAUS, LLC, an Indiana limited liability company
		
	 By:
	 	Belterra Resort Indiana, LLC, its sole member
			
	 	 	By:	 	Pinnacle Entertainment, Inc., its sole member
				
	 	 	 	 	 By:
	 	/s/    S. H. CAPP        
	 	 	 	 	 Name: 
	 	 
	 	 	 	 	 Title: 
	 	 

  

					
	PNK (LAKE CHARLES), L.L.C., a Louisiana limited liability company
		
	By:	 	Pinnacle Entertainment, Inc., its sole member and manager
			
	 	 	 By:
	 	/s/    S. H. CAPP        
	 	 	 Name: 
	 	 
	 	 	 Title: 
	 	 

  

					
	PNK (RENO), LLC, a Nevada limited liability company
		
	By:	 	Pinnacle Entertainment, Inc., its sole member
			
	 	 	 By:
	 	/s/    S. H. CAPP        
	 	 	 Name: 
	 	 
	 	 	 Title: 
	 	 

  

 S-2 

					
	LOUISIANA-I GAMING, a Louisiana partnership in Commendam
		
	By:	 	Boomtown, LLC, a Delaware limited liability company, its General Partner
			
	 	 	 By:
	 	/s/    S. H. CAPP        
	 	 	 Name: 
	 	 
	 	 	 Title: 
	 	 

  

					
	PNK (ES), LLC, a Delaware limited liability company
		
	By:	 	Pinnacle Entertainment, Inc., its sole member
			
	 	 	 By:
	 	/s/    S. H. CAPP        
	 	 	 Name: 
	 	 
	 	 	 Title: 
	 	 

  

 S-3 

 Exhibit B 
  
 LENDER CONSENT 
  
 Reference is made to the First Amendment to the Amended and Restated Credit Agreement, dated as of October 11, 2005 (the “First
Amendment”), between PINNACLE ENTERTAINMENT, INC., a Delaware corporation (the “Borrower”) and LEHMAN BROTHERS INC., as administrative agent and consented to by the Lenders which execute a Lender Consent. Unless otherwise
defined herein, terms defined in the First Amendment and used herein shall have the meanings given to them in the First Amendment. 
  
 Upon execution and delivery of this Lender Consent by the Lender signatory hereto, the undersigned hereby consents to and agrees to be bound by the
provisions of the First Amendment. 
  
 THIS LENDER CONSENT SHALL
BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
  
 Delivery of an executed signature page hereof by facsimile transmission shall be effective as delivery of a manually executed counterpart hereof. 
  
 [Signature page to follow] 
  

 S-1 

 IN WITNESS WHEREOF, the parties hereto have caused this Lender Consent to be duly executed and delivered
by their proper and duly authorized officers as of this                      day of
                        , 2005. 
  

			
	[NAME OF LENDER]
		
	 By:
	 	 
	 Name: 
	 	 
	 Title: 
	 	 

  

 S-2

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