Document:

Class III Gaming Management Agreement

 EXHIBIT 10.67 
 CLASS III GAMING 
 MANAGEMENT AGREEMENT 
 BETWEEN 
 THE NORTHERN CHEYENNE TRIBE 
 AND 
 GAMING ENTERTAINMENT (MONTANA),
LLC 
 DATED 
 JANUARY
20, 2006 

 CLASS III GAMING MANAGEMENT AGREEMENT 
 THIS GAMING MANAGEMENT AGREEMENT (this “Agreement”) has been entered into as of the 20th day of January, 2006, by the NORTHERN CHEYENNE TRIBE
(the “Tribe”) and GAMING ENTERTAINMENT (MONTANA), LLC, a Delaware limited liability company, (the “Manager”). 
 1.
Recitals. 
 1.1 The Tribe and Manager intend that the Manager shall provide funds to permit the Tribe (i) to renovate and expand
its Gaming Facility (as that term is herein defined) in Lame Deer, Montana pursuant to the Tribe’s recognized powers of self- government and the statutes, codes, ordinances and resolutions of the Tribe, as well as (ii) for other purposes.

 1.2 The Tribe has Property (as herein defined) held in trust by the United States of America for the benefit of the Tribe. The Tribe has
established an Enterprise (as herein defined) to conduct Gaming on the Property to serve the social, economic, educational and health needs of the Tribe, to increase Tribe’s revenues and to enhance the Tribe’s economic self-sufficiency and
self-determination. 
 1.3 The Tribe is seeking financial assistance and expertise for the renovation and expansion of the Enterprise and
technical experience and expertise for the management and operation of the Enterprise and instruction for members of the Tribe in the operation of the Enterprise. The Manager is willing and able to provide such assistance, experience, expertise and
instruction. 
 1.4 The Tribe grants the Manager the exclusive right and obligation to renovate, develop, manage, operate and maintain the
Enterprise and to train tribal members and others in the operation and maintenance of the Enterprise during the term of this Agreement, in accordance with the provisions of this Agreement. The Manager wishes to perform these functions exclusively
for the Tribe as limited in Section 3.3 below. 
 1.5 This Agreement will be submitted to the NIGC for approval pursuant to the IGRA.
Both parties warrant and represent that each will use its best efforts in good faith to obtain approval of this Agreement by the NIGC and all other governmental authorities. 
 2. Definitions. As they are used in this Agreement, the terms listed below shall have the meaning assigned to them in this Section 2:

 2.1 BIA. “BIA” is the Bureau of Indian Affairs of the Department of the Interior of the United States of America.

 2.2 Budgets. “Budgets” shall mean the Operating Budget and the Capital Expense Budget for the Gaming Facility.

 2.3 Capital Expenses. “Capital Expenses” shall mean the cost of construction, alteration or rebuilding of the Gaming
Facility and any furniture, trade fixtures and equipment and other tangible or intangible property of the Gaming Facility, the costs of which are required by GAAP to be capitalized and depreciated. 
  

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 2.4 Capital Expense Budget. “Capital Expense Budget” shall mean the budget for Capital
Expenses adopted in accordance with Section 4.9. 
 2.5 Capital Reserve Fund. “Capital Reserve Fund” shall mean the
reserve fund established in accordance with Section 4.13.6 to pay Capital Expenses. 
 2.6 Chairman. “Chairman” shall
mean the Chairman from time to time of the NIGC. 
 2.7 Class III Gaming. “Class III Gaming” shall mean Class III Gaming as
defined in IGRA. 
 2.8 Collateral. “Collateral” shall mean (a) the Tribe’s share of future Net Revenues, before
distribution pursuant to Section 6 of this Agreement, from the Enterprise and/or Gaming Facility, or other future undistributed Net Revenues arising or generated after the termination of this Agreement; and (b) undistributed gaming and
related Net Revenues from the Enterprise and/or Gaming Facility arising or generated after the date that the matter in dispute is referred to arbitration. 
 2.9 Commencement Date. “Commencement Date” shall mean the first date that the renovated Gaming Facility is substantially complete, open to the public and that Gaming is conducted in the Gaming
Facility pursuant to the terms of this Agreement. The Manager shall memorialize the Commencement Date in a writing signed by the Manager and delivered to the Tribe and the Area Director, Rocky Mountain Region, BIA. 
 2.10 Compact. “Compact” shall mean a Tribal-State Compact between the Tribe and the State of Montana regarding Class III Gaming, as the
same may, from time to time, be amended. 
 2.11 Development and Construction Costs. “Development and Construction Costs”
shall mean the sum of all costs incurred in developing, designing and renovating the Gaming Facility and other Improvements, including, without limitation, any costs related to obtaining any government agency approvals, architect and engineering
services, and other professional services. 
 2.12 Effective Date. The “Effective Date” shall mean the date of written
approval by the Chairman of (i) this Agreement, as executed by the Parties, (ii) any other documents collateral thereto that require approval by the Chairman or the BIA, as the case may be, whichever occurs latest. 
 2.13 Enterprise. The “Enterprise” is any commercial enterprise of the Tribe authorized to conduct Gaming and any other lawful commercial
activity to be conducted in or related to the Gaming Facility that is operated and managed by Manager in accordance with the terms and conditions of this Agreement to engage in (a) Gaming under the IGRA; and (b) Automatic Teller Machines
(“ATM”) or other authorized electronic funds transfer (EFT) 
  

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 systems, the sale of food, beverages (including alcoholic beverages), gifts, sundries, souvenirs and related items and
the sale of tobacco. Enterprise shall also mean any entertainment, hospitality or related commercial enterprise operated by the Manager on behalf of the Tribe. The Tribe shall have the sole proprietary interest in and responsibility for the conduct
of all Gaming conducted by the Enterprise, subject to the rights and responsibilities of the Manager under this Agreement. 
 2.14
Enterprise Employees. “Enterprise Employees” shall mean those employees working at the Gaming Facility who are not employees of Manager. 
 2.15 Enterprise Employee Policies. “Enterprise Employee Policies” shall have the meaning given to it in Subsection 4.6.2. 
 2.16 Financial Institution. “Financial Institution” shall mean a financial institution or a trustee for a financial institution or such
other third party source, as may be approved by the Tribe. 
 2.17 Furniture and Equipment. “Furniture and Equipment” shall
mean all furniture, furnishings and equipment required in the operation of the Enterprise in accordance with the Plans and Specifications. 
 2.18 Gaming. “Gaming” shall mean any and all activities defined as Class III Gaming under IGRA. 
 2.19 Gaming
Commission. “Gaming Commission” shall mean the body created pursuant to the Tribal Gaming Ordinance to regulate Gaming in accordance with the Compact, IGRA and the Tribal Gaming Ordinance. 
 2.20 Gaming Facility. “Gaming Facility” shall mean the buildings, improvements, and fixtures within which the Enterprise will be housed.
Title to the Property shall be held by the United States of America in trust for the Tribe. 
 2.21 GAAP. “GAAP” shall mean
United States generally accepted accounting principles consistently applied. 
 2.22 General Manager. “General Manager”
shall mean the person employed by Manager and licensed to direct the operation of the Gaming Facility. 
 2.23 General Contractor.
“General Contractor” shall mean the contractor or contractors selected by the Manager to renovate the Gaming Facility and any additions or improvements thereto in accordance with the Plans and Specifications. 
 2.24 Gross Gaming Revenue (Win). “Gross Gaming Revenue (Win)” shall mean the net win from gaming activities which is the difference
between gaming wins and losses before deducting costs and expenses determined in accordance with GAAP. 
 2.25 Gross Revenues.
“Gross Revenues” shall mean all revenues of any nature derived directly or indirectly from the Enterprise including, without limitation, Gross Gaming 
  

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 Revenue (Win), food and beverage sales, and other rental or other receipts from lessees, sublessees, licensees or
concessionaires (but not the gross receipts of such lessees, sublessees, licensees or concessionaires, provided that such lessees, sublessees, licensees or concessionaires are not subsidiaries or affiliates of the Tribe or the Manager), revenue
recorded for Promotional Allowances, business interruption insurance proceeds, Gaming condemnation awards, proceeds from litigation and other claims against third parties. 
 2.26 Hard Count. “Hard Count” shall mean the count of the coin or tokens in a drop bucket (slots). 
 2.27 IGRA. “IGRA” shall mean the Indian Gaming Regulatory Act of 1988, PL 100-497, 25 U.S.C. §2701 et seq. as it may, from time to
time, be amended. 
 2.28 Improvements. “Improvements” shall mean the improvements constructed and to be constructed
(including but not limited to the Gaming Facility) or installed on the Property and on adjacent areas for the benefit of the Property, including without limitation, the Facility access ways and roadways, parking areas, drainage improvements, utility
lines, and landscaping, all of which will be constructed in accordance with the Plans and Specifications approved by the Tribe. 
 2.29
Legal Requirements. “Legal Requirements” shall mean singularly and collectively all applicable laws and regulations including without limitation the Tribal Gaming Ordinance, IGRA, the Compact, and applicable tribal, federal and
state statutes and ordinances. 
 2.30 Loan. “Loan” shall mean the loan or loans made or arranged by the Manager to finance
the cost of the renovations to the Gaming Facility and the Furniture and Equipment, to provide Working Capital and to fund Start-up Expenses, as provided in Section 3, and to fund such other costs as are specified in this Agreement to be part
of the Loan. 
 2.31 Loan Agreement. “Loan Agreement” shall mean the loan agreement(s), as the same may be amended, and any
substitutions therefore, with respect to the Loan, to be executed by the Manager and a Financial Institution. 
 2.32 Loan Documents.
“Loan Documents” shall mean the Loan Agreement, promissory note(s) evidencing the Loan, the security agreement securing the Loan and such other documents as may be executed from time to time with respect to the Loan and any amendments
thereto and substitutions therefore. 
 2.33 Loan Payments. “Loan Payments” shall mean the principal and other payments due
under the Loan Documents. 
 2.34 Management Fee. “Management Fee” shall mean the management fee as provided in
Section 6.6. 
 2.35 NIGC. “NIGC” shall mean the National Indian Gaming Commission established pursuant to 25 U.S.C.
§ 2704, or any amendment to that Section. 
  

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 2.36 Net Revenues. “Net Revenues” shall mean Gross Revenues from the Enterprise less
(i) amounts paid out as, or paid-for, prizes and (ii) total Operating Expenses, excluding the Management Fee. 
 2.37 Operating
Budget. “Operating Budget” shall mean the budget for Operating Expenses adopted in accordance with Section 4.9. 
 2.38
Operating Expenses. “Operating Expenses” shall mean all normal and necessary costs and expenses in the operation of the Enterprise as determined in accordance with GAAP including without limitation: (1) interest expense;
(2) depreciation and amortization; (3) salaries, wages, and benefits for the employees of the Enterprise (other than the General Manager); (4) materials and supplies; (5) utilities; (6) repairs and maintenance;
(7) accounting fees; (8) interest on installment contract purchases; (9) insurance and bonding; (10) advertising and marketing, including busing and transportation of patrons; (11) Promotional Allowances; (12) legal and
professional fees; (13) fees, costs, dues and contributions associated with membership and participation in trade associations; (14) fire, safety and security costs; (15) reasonable travel expenses for officers and employees of the
Enterprise or Manager; (16) trash removal; (17) costs of goods and services sold; (18) recruiting and training expenses; (19) fees due to the NIGC under IGRA or the State of Montana pursuant to the Compact; (20) lease
payments for personal property; and (21) other costs and expenses determined in accordance with GAAP. Operating Expenses shall not include: (1) distributions to the Tribe; and (2) principal payments on debt. 
 2.39 Plans and Specifications. “Plans and Specifications” shall mean the plans and specifications specified in Section 3.1.5 herein
and shall generally refer to the drawings (graphic and pictorial portions showing the design, location and dimensions, including plans, schedules and diagrams) and specifications (written requirements for materials, equipment, systems, standards and
workmanship and performance of related services) for the Project. 
 2.40 Project. “Project” shall mean the Property, the
Improvements and the Enterprise. 
 2.41 Project Costs. “Project Costs” shall mean all costs necessary to develop and open
the Project, including Development and Construction Costs, Furniture and Equipment, Working Capital, start-up and pre-opening costs. 
 2.42
Promotional Allowance. “Promotional Allowances” shall mean the retail value of complimentary food and beverage, merchandise, entertainment and tokens for gaming, provided to patrons as promotional items. 
 2.43 Property. “Property shall mean the parcel of land on which the Gaming Facility will be located. 
 2.44 Recoupment Payment. “Recoupment Payment” shall mean the repayment from the Tribe’s share of Net Revenues of either
(a) any advance made by the Manager to the Tribe of the Minimum Guaranteed Monthly Payment as contemplated in Section 6.3 and (b) any portion of the Management Fee which is not paid to the Manager as provided in Section 6.6.

  

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 2.45 Reserve Funds. “Reserve Funds” shall mean the Capital Reserve Fund and such
additional reserve funds as the parties, by mutual consent, may agree to create. 
 2.46 Soft Count. “Soft Count” shall mean
the count of the contents in a drop box or currency acceptor other than coin or tokens. 
 2.47 Term. “Term” shall mean the
term of this Agreement as specified in Section 3.2. 
 2.48 Tribal Council. “Tribal Council” shall mean the Tribal
Council selected according to the laws of the Tribe. 
 2.49 Tribal Gaming Ordinance. The “Tribal Gaming Ordinance” is the
ordinance and any amendments thereto to be enacted by the Tribe, which authorizes and regulates Gaming on Indian lands within the jurisdiction of the Tribe. 
 2.50 Tribe’s Share of Net Revenues. The “Tribe’s Share of Net Revenues” shall mean 100% of the Net Revenues less the Management Fee paid to Manager as provided in Section 6.6 herein.

 2.51 Working Capital. “Working Capital” consists of the funds required to “fill” slot machines and bankroll the
cage for jackpot, chip and token redemption. 
 3. Covenants. In consideration of the mutual covenants contained in this Agreement,
the Parties agree and covenant as follows: 
 3.1 Engagement of Manager. The Tribe hereby exclusively retains and engages Manager as
an independent contractor for the Term, and Manager accepts such engagement under which the Manager shall do the following: 
 3.1.1
Development and Construction Costs. The Manager shall have the responsibility to supervise, through an architect selected by the Manager with the approval of the Tribe (the “Architect”), the design and completion of all
construction, development, improvements and related activities undertaken pursuant to the terms and conditions of the contracts) with the General Contractor and will require the General Contractor and its subcontractors to furnish appropriate
payment and performance bonds for work at the Gaming Facility. The Manager agrees to provide all funds necessary for the Development and Construction Costs, including payments to the Architect and General Contractor in accordance with an approved
Budget. 
 3.1.2 Equipment Costs. The Manager shall purchase on behalf of the Enterprise the necessary Furniture and Equipment, with
the approval of the Tribe, which Furniture and Equipment shall be owned by the Tribe. The Manager may, upon securing lease financing, lease all or a portion of such Furniture and Equipment, subject to the Tribe approving the terms of the lease,
provided that the Manager shall have no financial interest in the leasing entity. 
  

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 3.1.3 Working Capital. The Manager agrees to provide the amount of Working Capital stipulated in
the Budget on or before the Commencement Date. The Manager shall be responsible for providing any needed additional working capital. 
 3.1.4 Start-Up and Pre-Opening Expenses. Prior to the Commencement Date, the Manager agrees to provide the funds necessary for start-up and pre-opening expenses in accordance with approved Budgets. 
 3.1.5 Plans and Specifications: Cost Overruns. The Manager and the Tribe shall agree to Plans and Specifications for the Gaming Facility,
defining all activities, materials and services necessary for the Property, the Gaming Facility and the Enterprise. If there are costs overruns for any activity, material or service previously agreed to that are required for the Project, the Manager
shall advance to the Tribe an additional amount equivalent to such overruns as agreed in Section 2 of the Loan Agreement to achieve the goals of this Agreement up to the amount set forth in Section 3.1.6 herein. 
 3.1.6 Project Costs. Manager and the Tribe agree that Projects Costs shall be advanced for the Project in accordance with the terms and
conditions herein not to exceed Seventeen Million Dollars ($17,000,000). 
 3.1.7 Loan Advances. The Manager shall provide or cause
to be provided all funds required in Sections 3.1.1, 3.1.2, 3.1.3, 3.1.4, 3.1.5, 3.1.6 and 6.13 as loan advances, to be repaid in accordance with the Loan Agreement. Advances under said Sections shall be made only upon adequate documentation that an
obligation has been incurred and such obligation is currently due and owing and after review by the Manager and by the Tribe. Any amounts provided by the Manager for the purposes of this Section 3.1 shall be deemed advanced pursuant to, payable
under, and shall accrue interest as set forth in the Loan Agreement and the promissory note or notes evidencing the Loan. The interest rate on the Loan shall be agreed upon by the Tribe and the Manager, and shall be equal to the Manager’s cost
of funds from a Financial Institution which shall be based on prevailing interest rates subject to the provisions of Section 3.2 of the Loan Agreement. Any funds advanced under this Section 3.1 shall only be repayable as provided in
Section 6.4 and from the Collateral and shall not otherwise be an obligation of the Tribe. The Loan shall be secured by a first lien on the Collateral. 
 3.1.8 Managing the Enterprise. The Tribe retains the Manager to manage the Enterprise and train tribal members and others in the management of the Enterprise in accordance with the terms of this Agreement. The
Manager hereby accepts such retention and engagement. Nothing contained herein grants or is intended to grant Manager a titled interest to the Gaming Facility or to the Enterprise. 
  

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 3.2 Term. The Term of this Agreement shall begin on the Effective Date and continue for a period
of seven (7) years after the Commencement Date, except as provided in Section 4.5. 
 3.3 Exclusivity of Operations. During
the Term neither the Manager nor the Tribe will establish nor operate any other Gaming within fifty (50) miles of the Property without the express written consent of the other Party. 
 3.4 Parties’ Compliance With Law; Licenses. Except as provided in Sections 3.4.1 and 4.4, the Manager, Tribe and the Tribe will at all times
comply with all Legal Requirements. All Gaming covered by this Agreement shall be conducted in accordance with all Legal Requirements. Manager shall take no action or engage in any activity that would cause the Tribe to be in violation of any Legal
Requirements, and the Tribe shall take no action or engage in any activity that (i) would cause Manager or the members of Manager to be in violation of any Legal Requirements or (ii) could result in the revocation of any gaming license
held by Manager or the members of Manager. 
 3.4.1 Conflicting Legal Requirements. The Manager shall not be obligated to comply with
any statutes, regulations or ordinances of the Tribe if to do so would cause the Manager to violate any applicable federal or state law. 
 3.5 Licenses. The Manager, Manager’s executive officers and all other persons required by applicable law shall seek a license to operate the Enterprise pursuant to the Tribal Gaming Ordinance. The Tribal Gaming Commission shall
act upon all such license applications promptly and may not arbitrarily or capriciously deny any license sought under this Subsection 3.4.2. 
 3.5.1 Indian Civil Rights Act. The Tribe shall take no action that violates the Indian Civil Rights Act (25 U.S.C. § 1301-1303) or the Tribe’s Constitution. 
 3.5.2 Internal Revenue Code and Bank Secrecy Act. The Manager shall comply with all applicable provisions of the Internal Revenue Code and the
Bank Secrecy Act including, but not limited to, the prompt filing of any cash transaction reports and W-2G reports that may be required by the Internal Revenue Service of the United States or under the Compact. 
 3.5.3 Compliance With the National Environmental Policy Act. The Tribe shall supply the NIGC with all information requested by the NIGC to comply
with any regulations of the NIGC issued pursuant to the National Environmental Policy Act (NEPA). 
  

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 3.6 Management Fee. The Tribe agrees to pay the Manager the Management Fee as provided in
Section 6.6 within thirty (30) days of the end of each month for which the Management Fee applies. 
 3.7 Fire and Safety.
The Gaming Facility shall be constructed and maintained in compliance with the standard uniform Building Officials and Code Administrators (“BOCA”) code concerning fire and safety, provided that nothing in this Agreement shall grant any
jurisdiction to any state government or any political subdivision thereof over the Property or the Gaming Facility 
 3.7.1 Fire
Protection. The Manager shall have the responsibility to provide the Gaming Facility with adequate fire protection services and equipment, including sprinklers. The Tribe shall have the responsibility for obtaining cooperative agreements under
which the BIA, and/or local municipalities with volunteer fire departments, shall agree to provide firefighting services in the event of a fire at the facility. The costs of fire protection under this Section 3.6.1 shall be an Operating
Expense. 
 3.7.2 Public Safety Services. The Manager shall provide appropriate security and public safety services for the operation
of the Enterprise. All aspects of the Gaming Facility security shall be the responsibility of the Manager. The cost of any charge for security and increased public safety services, including police protection and emergency medical services, shall be
an Operating Expense. 
  

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 3.8 Uniform Commercial Code. The parties agree that Articles I, II, IIA, III, IV, V, VI, VII and
IX of the Uniform Commercial Code, as adopted by the State of Montana, shall govern this Agreement and all activities and contracts involving the Enterprise. All filings for perfection pursuant to Article IX shall be done with the Secretary of
State for the State of Montana or other appropriate filing office designated by the State of Montana unless the Tribe shall establish an office to receive such filings. Nothing in this Section 3.7 shall constitute a waiver of tribal sovereign
immunity, or constitute consent of the Tribe to the regulatory, adjudicatory or other jurisdiction of the State of Montana. 
 4. Business
Affairs in Connection with Enterprise. 
 4.1 Manager’s Authority and Responsibility. All business and affairs in connection
with the day-to-day operation, management, maintenance and improvement of the Gaming Facility, including the establishment of operating days and hours, consistent with the Tribal Gaming Ordinance, shall be the responsibility of the Manager. The
Manager is hereby granted the necessary power and authority to act, through the General Manager, in order to fulfill its responsibilities under this Agreement. The General Manager shall be a person selected by the Manager, subject to the approval of
the Tribe, which approval shall not be unreasonably withheld. 
 4.2 Duties of the Manager. In managing, operating, maintaining,
improving and repairing the Gaming Facility, the cost of which shall be either an Operating Expense or Capital Expense, the Manager’s duties shall include, without limitation, the following: 
 4.2.1 Management. The Manager shall use reasonable measures for the orderly administration, management, and operation of the Enterprise including
without limitation cleaning, painting, decorating, plumbing, carpeting, grounds care and such other maintenance and repair and improvement work as is reasonably necessary. 
 4.2.2 Contracts in Enterprise’s Name and at Arm’s Length. Contracts for the operations of the Enterprise shall be entered into in the
name of the Enterprise and be signed by the General Manager. Except in the event of an emergency, any contract requiring an expenditure in any year in excess of One Hundred Thousand Dollars ($100,000) shall be approved by the Tribe. No contracts for
the supply of goods or services to the Enterprise shall be entered into with parties affiliated with the Manager or its officers or directors unless the affiliation is disclosed to the Tribe, and the contract tel ins are determined by the Tribe to
be no less favorable for the Enterprise than could be obtained from a non-affiliated contractor. Notwithstanding anything to the contrary contained herein, contracts for the supply of any goods or services paid for entirely by the Manager may be
provided by parties affiliated with the Manager or its officers or directors, provided that payments on such contracts shall not constitute Operating Expenses and shall be the sole responsibility of the Manager. 
 4.2.3 Culturally Sensitive Material. The Manager agrees that the choices involving the Enterprise and Gaming Facility including but not limited
to’ the employees’ uniforms, interior design, promotions and marketing shall be culturally appropriate and shall in no way denigrate Indian history or culture by the use of stereotyped images, symbols and language. If, at any time, the
Manager is notified by the Tribe or the Tribe that any such activity is not culturally appropriate, the Manager shall have no more than ten working (10) days to cease such activity. 
  

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 4.3 Damage, by fire, war casualty, Act of God, Condemnation. 
 4.3.1 If, during the Term, the Gaming Facility is damaged or destroyed by fire, war, Act of God or other casualty or if the Property or Gaming Facility
is partially condemned, the Manager agrees to carry sufficient insurance to rebuild the Gaming Facility and shall reconstruct the Gaming Facility to a condition at least comparable to that before the casualty or partial condemnation occurred. The
insurance or condemnation proceeds shall be applied to that reconstruction, which shall be completed as soon as possible. If the insurance or condemnation proceeds are insufficient to reconstruct the Gaming Facility to such condition where Gaming
can once again be conducted, the Manager may, but is not obligated to, supply such additional funds as are necessary to reconstruct the Gaming Facility to such condition and such funds shall, with the prior consent of the Tribe, constitute a loan to
the Tribe, secured by the revenues from the Enterprise and the Collateral and repayable under the terms of the Loan Agreement unless other terms are agreed upon by the Tribe and the Manager. The cost of insurance premiums shall be an Operating
Expense. 
 4.3.2 Total condemnation. In the event that the Enterprise or the Property is condemned in total by a governmental agency
with the lawful authority to carry out such an action, the proceeds from any such condemnation award shall be applied (i) to retire any amounts due under the Loan Agreement, and (ii) to pay the Parties in accordance with Section 6 of
this Agreement. The Parties shall retain all money previously paid under Section 6 of this Agreement. 
 4.4 Manager’s
Obligation: Suspension of Manager’s Duties. The Manager’s obligations under this Agreement are conditioned on (i) NIGC approval of this Agreement and (ii) the timely issuance of all required approvals for the construction of
the Gaming Facility. If during the Term, Gaming on the Property is: (i) legally prohibited or (ii) rendered economically unfeasible as a result of the Tribe’s default under this Agreement or the adoption of a Tribal Ordinance or other
Tribal law, the Manager may suspend its duties under this Agreement. 
 4.5 Tolling of the Agreement. If, after a period of cessation
of Gaming on the Property because of damage, destruction or condemnation or because Gaming on the Property is: (i) legally prohibited or (ii) rendered economically unfeasible as a result of the Tribe’s default under this Agreement or
the adoption of a Tribal Ordinance or other Tribal law, the recommencement of Gaming shall be legally and commercially feasible in the sole judgment of the Manager, and if the Manager has not terminated this Agreement, the period of such cessation
shall not be deemed to have been part of the Term and the date of expiration of the Term shall be extended by the number of days of such cessation period. 
 4.6 Employees. 
 4.6.1 Manager’s Responsibility. Manager shall have, subject to licensing
by the Gaming Commission and the terms of this Agreement, the exclusive responsibility and authority to hire, direct, select, control and discharge all employees, including security personnel, 
  

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 performing regular services for the Enterprise in connection with the maintenance, operation, and management of the
Enterprise and the Gaming Facility and any activity upon the Property; and the sole responsibility for determining whether a prospective employee is qualified and the appropriate level of compensation to be paid. Manager will make all reasonable
efforts to hire members of the Tribe into management positions for the Enterprise. Such efforts will include without limitation hiring qualified members of the Tribe in the management positions for the Enterprise. 
 4.6.2 Enterprise Employee Policies. The Manager shall prepare a draft of personnel policies and procedures (the “Enterprise Employee
Policies”), including a job classification system with salary levels and scales, which policies and procedures the Manager shall submit to the Tribe for its approval. The Enterprise Employee Policies shall include a grievance procedure in order
to establish fair and uniform standards for the employees of the Tribe engaged in the Enterprise. The grievance procedure shall be administered by a Grievance Committee comprised of the General Manager, a person appointed by the Tribe and a third
member agreed on by the Manager and the Tribe. Any revisions to the Enterprise Employee Policies shall not be effective unless they are approved in the same manner as the original Enterprise Employee Policies. All such actions shall comply with
applicable Tribal Law. 
 4.6.3 Manager’s Employees. The Manager shall employ the person holding the position of General
Manager. 
 4.6.4 Enterprise Employees. All other employees of the Enterprise will be employees of the Enterprise. 
 4.6.5 No Manager Wages or Salaries. Except for the Management Fee, neither the Manager nor any of its officers, directors or shareholders shall
be compensated by wages from or contract payments other than the Management Fee by the Enterprise for their efforts or for any work which they perform under this Agreement. Nothing in this Subsection shall restrict the ability of an employee of
the Enterprise to purchase or hold stock in the Manager, its parents, subsidiaries or affiliates where (i) such stock is publicly held, and (ii) such employee acquires, on a cumulative basis, less than five percent (5%) of the
outstanding stock in the corporation, provided that no elected member of the Tribal Council shall be permitted to have any financial interest in Manager. The Manager is prohibited from hiring consultants to perform Manager’s responsibilities,
unless paid for by the Manager. 
 4.6.6 Access of Gaming Commission and Appointed Agents. The Gaming Commission or their appointed
agents shall have the full access to inspect all aspects of the Enterprise, including the daily operations of the Enterprise, and to verify daily Gross Revenues and all income of the Enterprise, at any time without notice. 
 4.6.7 Employee Background Checks. A background investigation shall be conducted in compliance with all Legal Requirements, to the extent
applicable, on each applicant for employment as soon as reasonably practicable. No individual whose prior activities, criminal record, if any, or reputation, habits and associations are known to pose a threat to the public interest, the effective
regulation of Gaming, or to the gaming licenses of the Manager or any of its affiliates, or to create or enhance the dangers of unsuitable, unfair or illegal practices 
  

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 and methods and activities in the conduct of Gaming, shall be employed by the Manager or the Tribe. The background
investigation procedures employed shall be formulated in consultation between the Tribe and the Manager and shall satisfy all regulatory requirements independently applicable to the Manager. Any cost associated with obtaining such background
investigations shall constitute an Operating Expense, provided, however, the costs of background investigations relating to shareholders, officers, directors or employees of the Manager shall not constitute an Operating Expense, but shall be paid by
the Manager. 
 4.6.8 Indian Preference in Employment. In order to maximize benefits of the Enterprise to the Tribe, the Manager
shall, during the term of this Agreement, to the extent permitted by applicable law, give preference in recruiting, training and employment to qualified members of the Tribe and their spouses and children in all job categories of the Enterprise,
including management positions. The Manager shall provide training programs for tribal members and their spouses and children. Such training programs shall be available to assist tribal members in obtaining necessary skills and qualifications
relating to all job categories. Final determination of the qualifications of tribal members and all other persons for employment shall be made by Manager, subject to licensing by the Gaming Commission. 
 4.6.9 Removal of Employees. The General Manager will act in accordance with the Enterprise Employee Policies with respect to the discharge,
demotion or discipline of any Enterprise Employee. 
 4.7 Marketing and Advertising. Manager shall have the responsibility for setting
the advertising budget and placing advertising and promoting the Enterprise and may do so in coordination with the sales and marketing programs of Manager for other gaming establishments managed by Manager or its affiliates, the budget for which
shall be included in the annual budget approved by the Tribe as described in Section 4.9. Manager may participate in sales and promotional campaigns and activities involving complimentary rooms, food, beverage, shows, chips and tokens.

 4.8 Pre-Opening. Six. (6) months prior to the scheduled Commencement Date, Manager shall commence implementation of a
pre-opening program which shall include all activities necessary to financially and operationally prepare the Gaming Facility for opening. To implement the pre-opening program, Manager shall prepare a comprehensive pre-opening budget which shall be
submitted to the Tribe for its approval sixty (60) days after the Effective Date (“Pre-Opening Budget”). All costs and expenses of the pre-opening program shall be paid from the operating account(s) opened by Manager in the name of
the Enterprise upon which only Enterprise’s designees shall be authorized to draw. 
 4.9 Operating and Capital Budgets.

 4.9.1 Approval of Budget. Manager shall, at least thirty (30) days prior to the scheduled Commencement Date, submit to the
Tribe, for its approval, a proposed Operating Budget and Capital Expense Budget for the remainder of the current fiscal year. Thereafter, Manager shall, not less than thirty (30) days prior to the commencement of each full or partial fiscal
year, submit to the Tribe, for its approval, proposed Budgets for the ensuing full or partial fiscal year, as the case may be. Manager shall meet with the Tribe to discuss the proposed Budgets and the Tribe’s approval of the Budgets shall not
be unreasonably withheld. 
  

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 4.9.2 Budget Revisions. Manager may submit to the Tribe revisions in the Budgets from time to
time, as necessary, to reflect any unpredicted significant changes, variables or events or to include significant, additional, unanticipated items of expense. Manager may with approval of the Tribe reallocate part or all of the amount budgeted with
respect to any line item to another line item and to make such other modifications to the Budgets as Manager deems necessary. 
 4.10
Contracting. In entering contracts for the supply of goods and services for the Enterprise, the Manager shall give preference to qualified members of the Tribe, their spouses and children, and qualified business entities certified by the
Tribe to be controlled by members of the Tribe so long as the prices and/or rates are competitive. “Qualified” shall mean a member of the Tribe, a Member’s spouse or children, or a business entity certified by the Tribe to be
controlled by members of the Tribe, who or which is able to provide goods and/or services at competitive prices and/or rates, has demonstrated skills and abilities to perform the tasks to be undertaken in an acceptable manner, in the Manager’s
opinion, and can meet the reasonable bonding requirements of the Manager. 
 4.11 Litigation. If the Enterprise, the Tribe, the
Manager, or any employee of the Manager is sued by any person who is not a party to this Agreement or is alleged by any such person to have engaged in unlawful or discriminatory acts in connection with the operation of the Enterprise, the Tribe or
the Manager, as appropriate, shall defend such action. Any cost of such litigation shall constitute an Operating Expense, or, if incurred prior to the-Commencement Date, shall be a start-up expense. Nothing in this Section 4.11 shall be
construed to waive or limit the Tribe’s sovereign immunity. 
 4.12 Internal Control Systems. The Manager shall install systems
for monitoring the Enterprise (the “Internal Control Systems”) prior to the Commencement Date as required by 25 C.F.R. § 542.3 of the NIGC Minimum Internal Control Standards (“MICS”). The Internal Control Systems shall
comply with all Legal Requirements. The Manager shall submit the Internal Control Systems to the Gaming Commission, the Tribal Council and any other governmental agency required to approve such systems prior to its implementation. Any significant
changes to the Internal Control Systems shall be subject to review and approval by the Gaming Commission and the Tribal Council prior to implementation. The Gaming Commission shall have the right, at any time, to inspect and review the Internal
Control Systems and to retain an auditor to (i) review the adequacy of the Internal Control Systems and (ii) perform internal audit functions at a minimum to meet the requirements of 25 C.F.R. § 542.14 of the NIGC MICS. 
 The Manager shall install and maintain a closed circuit television system to be used. for monitoring all cash handling activities of the Enterprise at a
minimum to meet all Legal Requirements. The Gaming Commission shall have full access to the closed circuit television system for use in monitoring the cash handling activities of the Enterprise. 
  

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 4.13 Banking and Bank Accounts. 
 4.13.1 Bank Accounts. The Tribe and Manager shall agree upon a bank or banks for the deposit and maintenance of funds and shall establish such
bank accounts insured by the FDIC as they deem appropriate and necessary in the course of business and as consistent with this Agreement. 
 4.13.2 Daily Deposits to Depository Account. The Manager with the Tribe’s approval shall establish for the benefit of the Enterprise in the Enterprise’s name a Depository Account. The Manager shall collect all Gross
Revenues and other proceeds connected with or arising from the operation of the Enterprise, the sale of all products, food and beverage, and all other activities of the Enterprise and deposit the related cash daily into the Depository Account at
least once during each 24-hour period except where deposit cannot be made during a 24 hour period because (1) it is a Bank holiday, (2) an Act of God prevents the deposit of proceeds in the place designated for deposit, (3) bonded
transportation service is not available, or (4) it is not cost effective to do so in which case the deposit shall be made on the next business day. All money received by the Enterprise on each day that it is open must be counted at the close of
operations for that day or at least once during each 24-hour period except to the extent that slot machine drop for that day is insufficient to warrant daily drops and count. The Parties agree to obtain a bonded transportation service to effect the
safe transportation of the daily receipts to the bank, which expense shall constitute an Operating Expense. 
 4.13.3 Disbursement
Account. The Manager with the Tribe’s approval shall establish for the benefit of the Enterprise in the Enterprise’s name one or more disbursement accounts (collectively, the “Disbursement Accounts”) for making all payments
for Operating Expenses, Capital Expenses, debt service, the Management Fee and disbursements to the Tribe from the Disbursement Accounts. 
 4.13.4 No Cash Disbursements. The Manager shall not make any cash disbursements from the bank accounts. The Manager shall not make any cash disbursements to itself from any Enterprise fund or account for any reason. Except as
provided in Section 4.13.5, any other payments or disbursements by the Manager shall be made by check drawn against a Disbursement Account. 
 4.13.5 Minimum Casino Bank Roll. Manager shall establish and maintain sufficient cash operating funds in the Enterprise vault and cage or other readily accessible funds to meet the daily operating needs of the Enterprise. The size of
these funds shall be determined with due regard to the Operating Budget. The amounts included in such funds shall only be used for the payment of cash prizes or miscellaneous small expenditures of the Enterprise, treated as a current asset and
accounted for in accordance with GAAP. 
 4.13.6 Capital Reserve Fund. The Manager shall establish and maintain for the benefit of
and in the name of the Enterprise a Capital Reserve Fund to pay Capital Expenses in accordance with the Capital Expense Budget To the extent that Net Revenues are available after payment of the Management Fee, the Manager shall deposit monthly in
the Capital Reserve Fund an amount equal to two percent (2%) of the Net Revenues, provided that without the consent of the Tribe the Capital Reserve Fund balance shall not exceed One Million 
  

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 Dollars ($1,000,000). Any interest earned on the Capital Reserve Fund shall be added to the Capital Reserve Fund, subject
to the One Million Dollar ($1,000,000) cap, and otherwise distributed to the Tribe on a monthly basis. 
 4.13.7 Investments. The
Manager may invest any of the funds in the Reserve Funds in bank accounts, treasury bills or other instruments guaranteed or insured by the United States with a term not to exceed three months unless the Manager and Tribe agree otherwise. All bank
accounts shall be insured by the FDIC or other mutually agreed upon commercial insurance or shall be adequately collateralized by the financial institution. 
 4.14 Insurance. The Manager, on behalf of the Tribe, shall obtain and maintain, or cause its agents to obtain and maintain, with responsible insurance carriers licensed to do business in the State of Montana,
insurance satisfactory to the Tribe covering the Property and the Enterprise, and naming the Tribe, naming the Enterprise, the Manager, its parent and other affiliates as insured parties, as follows. 
 4.14.1 During the course of any new construction or substantial remodeling, builder’s risk insurance on an “all risk” basis
(including collapse) on a non-reporting form for full replacement value covering the interest of the Tribe in all work incorporated in the Gaming Facility, all materials and equipment on or about the Gaming Facility, and any new construction or
substantial remodeling of the Gaming Facility. All materials and equipment in any off-site storage location intended for permanent use in the Gaming Facility, or incident to the construction thereof, shall be insured on an all risk” basis as
soon as the same have been acquired for the Enterprise. 
 4.14.2 Commercial general liability insurance in an amount
sufficient to comply with the Compact and not less than Two Million ($2,000,000) Dollars per person and Five Million ($5,000,000) Dollars per occurrence for all activities on, about or in connection with the Gaming Facility. The commercial general
liability insurance shall include premises liability, contractor’s protective liability on the operations of all subcontractors, completed operations and blanket contractual liability. The automobile liability insurance shall cover owned,
non-owned and hired vehicles. 
 4.14.3 Upon completion of the construction of the Gaming Facility, “all risk”
insurance on the Gaming Facility against loss by fire, lightning, earthquake, extended coverage perils, collapse, water damage, vandalism, malicious mischief and all other risks and contingencies, in an amount equal to the actual replacement costs
thereof, without deduction for physical depreciation, with coverage for demolition and increased costs of construction, and providing coverage in an “agreed amount” or without provision for co-insurance. 
 4.14.4 Worker’s Compensation and Employer’s Liability Insurance as required by the Compact in respect of any work or other
operations on, about or in connection with the Enterprise, provided that nothing the Agreement shall grant any jurisdiction over the Enterprise or its employees to the State of Montana or any political subdivision thereof. 
  

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 4.14.5 Business interruption insurance in an amount to cover the projected Operating
Expenses and Loan Payments for not less than twelve (12) months or such greater amounts as to which the Manager and Tribe may agree. 
 4.14.6 Such other insurance with respect to the Enterprise and in such amounts as the Parties from time to time may reasonably agree upon against such other insurable hazards which at the time are commonly insured
against in respect of businesses and property similar to the Enterprise. 
 4.14.7 The insurance policies required under
Subsections 4.14.1, 4.14.3, 4.14.5 and 4.14.6 above all have a standard noncontributory endorsement naming Manager as an additional loss payee. The insurance required under Subsection 4.14.2 above shall name the Manager as an additional
insured. All insurance required hereunder shall contain a provision requiring at least thirty (30) days’ prior written notice to the Manager and the Tribe before any cancellation, material changes or reduction shall be effective. Any
deductibles must be approved by Manager and the Tribe. 
 4.14.8 Each policy as to which the Tribe is named as an insured
shall provide that the insurer shall not plead or assert the defense of sovereign immunity within the policy limits. The Tribe shall not be liable beyond those limits. 
 4.14.9 The cost of premiums for all insurance obtained pursuant to this Section 4.14 shall be a start-up expense or Operating
Expense, as appropriate. 
 4.15 Accounting and Books of Account. 
 4.15.1 Operating Statements. The Manager shall prepare and provide monthly financial reports and operating statements to the Tribal Council, the
Tribe, the Gaming Commission and to such other government agency as the Compact or applicable law may require. The Operating Statements shall comply with all Legal Requirements and shall include an income statement, statement of cash flows
(statement of changes in financial position) and balance sheet for the Enterprise. Such statements shall include the Operating Budget and Capital Budget projections (the Annual Plan) as comparative statements, and, after the first full year of
operation, shall include comparative statements from the comparable period for the prior year of all revenues, and all other amounts collected and received and all deductions and disbursements made there from in connection with the Enterprise. All
such statements shall be prepared in accordance with GAAP consistently applied. 
 4.15.2 Books of Account. The Manager shall
maintain full and accurate books of account and records at the Property. The Gaming Commission, and any tribal government official authorized by law to have such access, shall have immediate access to the daily operations of the Enterprise,
including the books and records, and shall have the unlimited right to inspect, examine, and copy all such books and supporting business records, and the right to verify the daily Gross Revenues and income from the Enterprise and shall have access
to any other gaming related information the Tribe deems appropriate. Such rights may be exercised through a duly authorized agent, employee, attorney, or independent accountant duly authorized in writing to act on behalf of the Gaming Commission or
the authorized tribal government agency. 
  

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 4.15.3 Accounting Standards. Manager shall establish and maintain satisfactory accounting systems
and procedures which comply with all applicable Legal Requirements. Such accounting systems and procedures, at a minimum, shall (i) include an adequate system of internal accounting controls; (ii) permit the preparation of financial
statements in accordance with GAAP; (ii) be susceptible to audit; (iv) permit the calculation and payment of the Management Fee; (v) allow the Enterprise, the Tribe and the NIGC to calculate the annual fee under 25 C.F.R. §
514.1; and (vi) provide for any appropriate allocation of Operating Expenses or overhead expenses among the Tribe, the Enterprise, the Manager and any other user of shared facilities and services. The Manager shall follow the fiscal accounting
periods used by the Tribe in its normal course of business. 
 4.15.4 Annual Audit. An independent certified public accounting firm,
which is registered with the Public Company Accounting Oversight Board, shall be selected by the Tribal Council and approved by the Gaming Commission for the purpose of performing an annual audit of the books and records of the Enterprise. Said
audit shall meet all Legal Requirements and shall, unless otherwise authorized by Tribal Council resolution, be separate and distinct from any audit required by the Single Audit Act of 1984, 31 U.S.C. § 1750 et seq. The Gaming Commission, the
NIGC and any other legally authorized government agency shall also have the right to perform special audits of the Enterprise on any aspect of the Enterprise and its operations at any time without restrictions. Copies of such audits shall be
provided by the Tribe to all applicable federal and state agencies, as may be required by law or the Compact, and may be used by the Manager for reporting purposes under federal and state securities laws, if required. The fees for the services of
the independent auditor shall be an Operating Expense. 
 5. Liens. The Tribe specifically warrants and represents to the Manager that
during the Term the Tribe shall not act in any way whatsoever, either directly or indirectly, to cause any party to become an encumbrancer or lien holder of the Property or the Enterprise, or to allow any party to obtain any interest in this
Agreement without the prior written consent of the Manager, and where applicable, the consent of the United States. The Manager specifically warrants and represents to the Tribe that during the Term the Manager shall not act in any way, directly or
indirectly, to cause any party to become an encumbrancer or hen holder of the Property or the Enterprise, or to obtain any interest in this Agreement without the prior written consent of the Tribe, and, where applicable, the consent of the United
States. The Tribe and the Manager shall keep the Enterprise and Property free and clear of all enforceable mechanics’ and other enforceable liens resulting from the construction of the Gaming Facility and all other enforceable liens which may
attach to the Enterprise or the Property, which shall at all times remain the property of the United States in trust for the Tribe. If any such lien is claimed or filed, it shall be the duty of the Party responsible for the lien to discharge the
lien within thirty (30) days after having been given written notice of such claim, either by payment to the claimant, by the posting of a bond or the payment into the court placing the lien on the Enterprise or the Property of the amount
necessary to relieve and discharge the Property from such claim, or in any other manner which will result in the discharge of such claim. Notwithstanding the foregoing, purchase money security interests in personal property may be granted with the
prior written consent of the Tribe and, when necessary, the BIA, United States Department of Interior and/or the NIGC as appropriate. Nothing in this Section 5 shall be construed as a waiver of tribal sovereign immunity or consent to
jurisdiction in state court. 
  

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 6. Calculation and Distribution of Funds. 
 6.1 Calculation of Revenues and Payment of Operating Expenses. On or before the twentieth (20) day after the end of each calendar month of
operations during the Term, the Manager shall calculate and report to the Tribe the Gross Revenues, Operating Expenses and Net Revenues for such month and the year to date. From the Gross Revenues, Manager shall pay all Operating Expenses.

 6.2 Distribution of Net Revenues. After the payment of Operating Expenses, Net Revenues shall be distributed the following order of
priority set out herein. 
 6.3 Minimum Guaranteed Monthly Payment. On or before the twentieth (20th) day of each calendar month
following the first full calendar month after the Commencement Date, Manager shall pay the Tribe a minimum guaranteed monthly payment (the “Minimum Guaranteed Monthly Payment”), and such payment shall have priority over the retirement of
any Development and Construction Costs. The Minimum Guaranteed Monthly Payment shall be in the amount of Fifteen Thousand Dollars ($15,000) during the first twelve months after the Commencement Date and shall increase by $1,000 per month on each
anniversary of the Commencement Date, so that the Minimum Guaranteed Monthly Payment shall be $16,000 in the second year, $17,000 in the third year and increasing annually to $22,000 in the seventh and last year of this Management Agreement. The
Minimum Guaranteed Monthly Payments shall be charged against the Tribe’s Share of Net Revenues and, if there are insufficient Net Revenues in a given month to make the distribution, Manager shall advance the funds necessary to compensate for
the deficiency and shall be reimbursed by the Tribe in the next succeeding month or months as a Recoupment Payment. No Minimum Guaranteed Monthly Payment shall be owed for any months during which Gaming is suspended or terminated at the Gaming
Facility pursuant to Sections 4.3 or 4.4 and shall be prorated based on the number of days that Gaming is conducted during that month, and the obligation shall cease upon termination of this Agreement for any reason. 
 6.4 Repayment of Loan. Until paid in full, the Manager shall be entitled to an amount sufficient to repay principal and accrued interest due on
the Loan. The principal and interest amounts due under this Section 6 shall be paid in monthly payments of principal and interest recalculated on a monthly basis so as to amortize the then-outstanding principal amount due under the Loan over
the remaining Term. 
 6.5 Recoupment Payments. Next, until paid in full, the Manager shall be entitled to any Recoupment Payment that
may be owed. 
 6.6 Management Fee. Next, to pay the Manager a management fee in an amount equal to thirty percent (30%) of the
Net Revenues of the Enterprise; provided that if there are insufficient funds in any month to pay the Management Fee in full, because the Net Revenues are insufficient to pay the principal and accrued interest due under Section 6.4 (and
therefore, the principal and accrued interest is paid from funds that would have otherwise paid the Management Fee), then the shortfall shall be paid to the Manager in the next succeeding month or months as a Recoupment Payment. 
  

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 6.7 Capital Reserve Fund. Next, to fund the Capital Reserve Fund in accordance with
Section 4.13.6. 
 6.8 Tribal Disbursements. Finally, any amount remaining shall be distributed to the Tribe. The Net Revenues
paid to the Tribe pursuant to this Section 6 shall be payable to a Tribal bank account specified by the Tribe. 
 6.9 Operative
Dates. For purposes of this Section 6, the first year of operations shall begin on the Commencement Date and continue until the first day of the month following the first anniversary of the Commencement Date, and each subsequent year of
operations shall be the 12-month period following the end of the previous year. Notwithstanding the foregoing, except as provided in Section 4.5, the Tern shall not extend beyond seven years (7) after the Commencement Date. 
 6.10 Year-end Adjustment. Within thirty (30) days after the receipt of the audit for each fiscal year of the Enterprise, Manager shall
determine in consultation with the Tribe the correct amount of the Management Fee for such fiscal year based on thirty percent (30%) of the Net Revenues for such year and either remit to the Tribe or deduct from the next distribution to the
Tribe the amount of the over or underpayment of the Management Fee. 
 7. Trade Names, Trade Marks and Service Marks. 
 7.1 Enterprise Name. The Enterprise shall be operated under such business name as the Parties may agree (the “Enterprise Name”).

 7.2 Trade Names, Trade Marks and Service Marks. Prior to the Commencement Date, the Parties shall determine the other trade names,
trade marks and service marks to be used by the Enterprise (the “Marks”) and from time to time during the term. hereof, Manager agrees to erect and install, in accordance with local codes and regulations, all signs Manager deems necessary
in, on or about the Gaming Facility, including, but not limited to, signs bearing the Marks. The costs of purchasing, leasing, transporting, constructing, maintaining and installing the required signs and systems shall be accounted for in accordance
with GAAP. 
 7.3 Manager’s Marks. The Tribe agrees to recognize the exclusive right of ownership of Manager or its parents to
all of Manager’s service marks, trademarks, copyrights, trade names, patents or other similar rights or registrations now or hereafter held or applied for in connection therewith (collectively, the “Manager’s Marks”). The Tribe
hereby disclaims any right or interest therein, regardless of any legal protection afforded thereto. The Tribe acknowledges that all of Manager’s Marks might not be used in connection with the Enterprise, and Manager shall have sole discretion
to determine which of Manager’s Marks shall be so used. The Tribe covenants that in the event of termination, cancellation or expiration of this Agreement, whether as a result of a default by Manager or otherwise, the Tribe shall not hold
itself out as, or continue operation of the Enterprise as a Manager’s casino nor will it utilize any of Manager’s Marks or any variant thereof in the operation of the Facility. The Tribe agrees that Manager or its parent or their
respective representative may, at any time thereafter, enter the 
  

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 Gaming Facility and may remove all signs, furniture, printed material, emblems, slogans or other distinguishing
characteristics which are now or hereafter may be connected or identified with Manager or which carry any Manager’s Mark. The Tribe shall not use the Manager’s or its parent’s name, or any variation thereof, directly or indirectly, in
connection with (a) a private placement or public sale of security or other comparable Cleans of financing or (b) press releases and other public communications, without the prior written approval of Manager or its parent. Manager shall
provide the Tribe with a list of all Manager’s Marks used at or in connection with the Enterprise. 
 7.4 Litigation Involving
Manager’s Marks. The Enterprise and Manager hereby agree that in the event the Enterprise and/or Manager is (are) the subject of any litigation or action brought by anyone seeking to restrain the use, for or with respect to the Enterprise
or the Manager of any Manager’s Mark used by Manager for or in connection with the Enterprise, any such litigation or action shall be defended entirely at the expense of Manager, notwithstanding that Manager may not be named as a party thereto,
provided however, that Manager in its sole discretion may waive, settle or otherwise resolve such litigation or action without litigation or at any time during litigation. 
 8. Taxes. 
 8.1 State and Local
Taxes. The Parties agree that the State of Montana and its local governments have no authority to impose any possessory interest, property, or sales tax on any Party to this Agreement or upon the Enterprise, and that the Parties and the
Enterprise shall take all reasonable steps to resist such a tax. The reasonable costs of such action and the compensation of legal counsel shall be an Operating Expense of the Enterprise. Any tax paid and determined lawful by a court of competent
jurisdiction shall constitute an Operating Expense of the Enterprise. This Section 8.1 shall in no manner be construed to imply that any Party to this Agreement or the Enterprise is liable for any such tax. 
 8.2 Tribal Taxes. The Tribe agrees that neither it nor any agent, agency, affiliate or representative of the Tribe will impose any taxes, fees,
assessments, or other charges of any nature whatsoever on payments of any debt service to Manager or to any lender furnishing financing for the Property, the Gaming Facility or for the Enterprise, or on the Enterprise, the Gaming Facility, Furniture
and Equipment, the revenues there from or on the Management Fee. The Tribe further agrees that neither it nor any agent, agency, affiliate or representative will impose any taxes, fees, assessments or other charges of any nature whatsoever on the
salaries or benefits, or dividends paid to, any of the Manager’s stockholders, officers, directors, or employees, any of the employees of the Enterprise, or any provider of goods, materials, or services to the Enterprise. If, contrary to this
Section 8.2, any taxes, fees or assessments are levied by the Tribe, such taxes, fees and assessments shall be paid solely from the Tribe’s Share of Net Revenues. 
 9. General Provisions 
 9.1
Governing Law. This Agreement shall be interpreted in accordance with the laws of the State of Montana it being understood by the Parties that this clause in no way constitutes any submission by the Tribe to the jurisdiction of the State of
Montana; and the 
  

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 Parties further expressly recognize and agree that except as provided in Section 3.4 this Agreement shall be subject
to all Legal Requirements as well as approval by the Chairman of the NIGC where required by IGRA. The arbitration provisions of this Agreement shall be governed by the Federal Arbitration Act, 9 U.S.C. § 1, et seq. 
 9.2 Notice. Any notice required to be given pursuant to this Agreement shall be delivered to the appropriate Party by Certified. Mail Return
Receipt requested, addressed as follows: 
  

			
	If to the Tribe:	  	Northern Cheyenne Tribe
		  	ATTN: Eugene Little Coyote, President P.O. Box 128
		  	Lame Deer, Montana 59043
		
	If to Manager:	  	Gaming Entertainment (Montana), LLC c/o Full House Resorts, Inc.
		  	4670 South Fort Apache Road
		  	Suite 190
		  	Las Vegas, Nevada 89147

 or to such other different addresses as the Manager or the Tribe may specify in writing using the notice procedure
called for in this Section 9.2. Any such notice shall be deemed given three days following deposit in the United States mail or upon actual delivery, whichever first occurs. 
 9.3 Authority to Execute and Perform Agreement. The Tribe and Manager represent and warrant to each other that they each have full power and
authority to execute this Agreement and to be bound by and perform the terms hereof. On request, each Party shall furnish the other evidence of such authority. The Tribe shall take such action as is required under tribal law to lawfully waiver its
sovereign immunity from suit as provided in Section 17, which action shall be evidenced in a tribal document and attached hereto and made a part of this Agreement. The Tribe further represents and warrants that the person(s) executing this
Agreement on behalf of the Tribe has all due authority to execute this Agreement as a binding obligation of the Tribe pursuant to authority granted by due action and approval of the governing body of the Tribe, the tribal membership and any other
approval required by law, statute, ordinance, custom or tradition. 
 9.4 Relationship. Manager and the Tribe shall not be construed
as joint venturers or partners of each other by reason of this Agreement and neither shall have the power to bind or obligate the other except as set forth in this Agreement. 
 9.5 Further Actions. The Tribe and Manager agree to execute all contracts, agreements and documents and to take all actions necessary to comply
with the provisions of this Agreement and the intent hereof. 
 9.6 Defenses. Except for disputes between the Tribe and Manager, the
Tribe and Manager shall agree upon the bringing and/or defending and/or settling any claim or legal action brought against the Enterprise, the Manager or the Tribe, individually, jointly or severally in connection with the operation of the
Enterprise, including the retention and supervision of legal counsel, accountants and other such professionals. All liabilities, costs, and expenses, including attorneys’ fees and disbursements, incurred in defending and/or settling any such
claim or legal action which are not covered by insurance shall be an Operating Expense. 
  

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 9.7 Waivers. No failure or delay by Manager or the Tribe to insist upon the strict performance of
any covenant, agreement, term or condition of this Agreement, or to exercise any right or remedy consequent upon the breach thereof, shall constitute a waiver of any such breach or any subsequent breach of such covenant, agreement, term or
condition. No covenant, agreement, term or condition of this Agreement and no breach thereof shall be waived, altered or modified except by written instrument. No waiver of any breach shall affect or alter this Agreement, but each and every
covenant, agreement, term and condition of this Agreement shall continue in full force and effect with respect to any other the existing or subsequent breach thereof. 
 9.8 Captions. The captions for each Article and Section are intended for convenience only. 
 9.9 Interest. Any amount payable to Manager or the Tribe by the other which has not been paid when due shall accrue interest at the same rate as calculated under this Section. Unless otherwise agreed by the Parties, such rate shall
be a fluctuating rate equivalent to one percent (1%) over the prime interest rate as published in the Wall Street Journal, adjusted monthly, with the monthly rate established according to the rate published on the third Tuesday of the preceding
calendar month. 
 9.10 Third Party Beneficiary. This Agreement is exclusively for the benefit of the Parties hereto and it may not be
enforced by any party other than the Parties to this Agreement and shall not give rise to liability to any third party other than the authorized successors and assigns of the Parties hereto. 
 9.11 Brokerage. Manager and the Tribe each hereby agrees to indemnify and hold the other harmless from and against any and all claims, loss,
liability, damage or expenses (including reasonable attorneys’ fees) suffered or incurred by the other Party as a result of a claim brought by a person or entity engaged or claiming to be engaged as a finder, broker or agent by the indemnifying
Party. 
 9.12 Survival of Covenants. Any covenant, term or provision of this Agreement which, in order to be effective, must survive
the termination of this Agreement, shall survive any such termination. 
 9.13 Estoppel Certificate. Manager and the Tribe agree to
furnish to the other Party, from time to time upon request, an estoppel certificate in such reasonable form as the requesting Party may request stating whether there have been any defaults under this Agreement known to the Party furnishing the
estoppel certificate and such other information relating to the Enterprise as may be reasonably requested. 
 9.14 Periods of Time.
Whenever any determination is to be made or action to be taken on a date specified in this Agreement, if such date shall fall on a Saturday, Sunday or legal holiday under the applicable laws, then in such event said date shall be extended to the
next day which is not a Saturday, Sunday or legal holiday. 
  

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 9.15 Preparation of Agreement. This Agreement shall not be construed more strongly against either
Party regardless of who is responsible for its preparation. 
 9.16 Successors, Assigns and Subcontracting. The benefits and
obligations of this Agreement shall inure to and be binding upon the Parties hereto and their respective successors and assigns. The Tribe’s consent shall not be required for Manager to assign or subcontract any of its rights interests or
obligations as Manager hereunder to any parent, subsidiary or affiliate of Manager, or its successor corporation, provided that any such assignee or subcontractor agrees to be bound by the terms and conditions of this Agreement and shall be subject
to licensure by the Gaming Commission. The Manager may collaterally assign its interest in the Net Revenues to a Financial Institution in connection with the Loan. The acquisition of Manager or its parent company by a party other than the parent,
subsidiary, or affiliate of Manager, or its successor corporation, shall not constitute an assignment of this Agreement by Manager and this Agreement shall remain in full force and effect between the Tribe and Manager, subject only to NIGC
completion of its background investigation and licensure of the purchaser and licensure by the Gaming Commission. Other than as stated above, this Agreement may not be assigned or subcontracted by the Manager, without the approval by the Tribe, and
the Chairman of the NIGC or his authorized representative after a complete background investigation and licensure of the proposed assignee. The Tribe shall, without the consent of the Manager but subject to approval by the Chairman of the NIGC or
his authorized representative if required, have the right to assign this Agreement and the assets of the Enterprise to an instrumentality of the Tribe or to a corporation wholly owned by the Tribe organized to conduct the business of the Enterprise
for the Tribe that assumes all obligations herein. Any assignment by the Tribe shall not prejudice the rights of the Manager under this Agreement. No assignment authorized hereunder shall be effective until all necessary government approvals have
been obtained. 
 9.17 Time is of the Essence. Time is of the essence in the performance of this Agreement. 
 9.18 Confidential and Proprietary Information. 
 9.18.1 Confidential Information. Both Parties agree that any information received concerning the other Party during the performance of this Agreement, regarding the Parties’ organization, financial
matters, marketing plans, or other information of a proprietary nature, will be treated by both Parties in full confidence and except as required to allow Manager and the Tribe to perform their respective covenants and obligations hereunder, will
not be revealed to any other persons, firms or organizations except in the course of legal proceedings including arbitration as permitted by the court, arbitrator or arbitration panel_ The reasonable costs of resisting such legal action shall be an
Operating Expense. This provision shall survive the termination of this Agreement for a period of three (3) years. 
 9.18.2
Proprietary Information of Manager. The Tribe agrees that Manager has the sole and exclusive right, title and ownership to (i) certain proprietary information, techniques and methods of operating gaming businesses; (ii) certain
proprietary information, techniques and methods of designing games used in gaming businesses; (ii) certain proprietary information, techniques and methods of training employees in the gaming business; 
  

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 and (iv) certain proprietary business plans, projections and marketing, advertising and promotion plans, strategies,
and systems, all of which have been developed and/or acquired over many years through the expenditure of time, money and effort and which Manager and its affiliates maintain as confidential and as a trade secret(s) (collectively, the
“Confidential and Proprietary Information”). If it is not clear from the context of business operations, marketing or other similar strategy, technique or method of conducting business, Confidential and Proprietary Information shall be
identified or marked as such. 
 The Tribe further agrees to maintain the confidentiality of such Confidential and Proprietary information
and upon the termination of this Agreement, return same to Manager, including but not limited to, documents, notes, memoranda, lists, computer programs and any summaries of such Confidential and Proprietary Information. 
  

 25 

 9.19 Patron Dispute Resolution. Manager shall submit all patron disputes concerning play to the
Gaming Commission pursuant to the Tribal Gaming Ordinance, and the regulations promulgated there under. 
 9.20 Claims Involving
Authority. Etc. Manager and the Tribe each hereby agrees to indemnify and hold the other harmless from and against any and all claims, loss, liability, damage or expenses (including reasonable attorneys’ fees) suffered or incurred by the
other Party as a result of a claim brought by a person or entity claiming that the indemnifying Party has no authority, power or right to enter into this Agreement. 
 9.21 Modification. Any change to or modification of this Agreement must be in writing signed by both Parties hereto and shall be effective only upon approval by the Chairman of the NIGC, the date of signature
of the Parties notwithstanding: 
 10. Warranties. 
 10.1 Warranties. The Manager and the Tribe each warrant and represent that they shall not act in any way whatsoever, directly or indirectly, to cause this Agreement to be amended, modified, canceled or
terminated, except pursuant to Section 11. The Manager and the Tribe warrant and represent that they shall take all actions necessary to ensure that this Agreement shall remain in full force and effect at all times. 
 10.2 Interference in Tribal Affairs. The Manager agrees not to interfere in or attempt to influence the internal affairs or governmental decisions
of the Tribal government by offering cash or employment incentives, by making written or oral threats to the personal or financial status of any person, or by any other action, except for actions in the normal course of business of the Manager that
only affect the activities of the Enterprise. 
 10.3 Prohibition of Payments to Members of Tribal Government. Manager represents and
warrants that no payments have been or will be made to any member of the tribal government, any tribal official, any relative of a member of tribal government or tribal official, or any tribal government employee for the purpose of obtaining any
special privilege, gain, advantage or consideration. 
 10.4 Definitions. As used in this Section 10, the term “member of
the tribal government” means any member of the Tribal Council, the Gaming Commission or any independent board or body created to oversee any aspect of Gaming and any tribal court official; the term “relative” means an individual
residing in the same household who is related as a spouse, father, mother, son or daughter. 
 11. Grounds for Termination.

 11.1 Voluntary Termination. This Agreement may be terminated upon the mutual written consent and approval of the Parties.

  

 26 

 11.2 Termination for Cause. 
 11.2.1 Either Party may terminate this Agreement if the other Party commits or allows to be committed any material breach of this
Agreement. A material breach of this Agreement means a failure of either Party to perform any material duty or obligation on its part for ten (10) consecutive days after receiving written notice of breach from the other Party. Neither Party may
terminate this Agreement on grounds of material breach unless it has provided written notice to the other Party of its intention to terminate this Agreement and within ten (10) days following receipt of such notice the defaulting Party fails
(a) to cure the default or (b) to commence curing the default and thereafter diligently to proceed to cure the default. Discontinuance or correction of a material breach shall constitute a cure thereof. 
 11.2.2 The Tribe may also terminate this Agreement where the Manager has had its license withdrawn because the Manager, or a director or
officer of the Manager, has been convicted of a criminal felony or misdemeanor offense directly related to the performance of the Manager’s duties hereunder; provided, however the Tribe may not terminate this Agreement based on a director or
officer’s conviction where the Manager terminates such individual immediately after receiving notice of the conviction. Any such director or officer charged with a criminal felony or misdemeanor offense directly related to the performance of
Manager’s duties shall have no role in the management of the Enterprise until such time as such person is cleared of the charge or charges. 
 11.2.3 An election to pursue damages or to pursue specific performance of this Agreement or other equitable remedies while this Agreement remains in effect shall not preclude the injured Party from providing notice of
termination pursuant to this Section 11.2. 
  

 27 

 11.3 Involuntary Termination Due to Changes in Legal Requirements. It is the understanding and
intention of the Parties that the establishment and operation of the Enterprise conforms to and complies with all Legal Requirements. If during the term of this Agreement, a final judgment of a court of competent jurisdiction determines Gaming at
the Enterprise is unlawful, and all appeals from such judgment have been exhausted, the obligations of the Parties hereto shall cease and this Agreement shall be of no further force and effect except as to (a) accrued liabilities, (b) to
the provisions of Section 12.2 and Section 17 and (c) to Manager’s rights under the Loan Documents; provided that (i) the Manager and the Tribe shall retain all money previously paid to them pursuant to Section 6 of
this Agreement; (ii) funds of the Enterprise in any account shall be paid and distributed as provided in Section 6 of this Agreement; (ii) any money loaned by or guaranteed by the Manager or its affiliates to the Tribe shall be repaid
to the Manager; and (iv) the Tribe shall retain its interest in the title (and any lease) to all Enterprise fixtures, supplies and equipment, subject to any requirements of financing arrangements. 
 11.4 Consequences of Manager’s Breach. In the event of the termination of this Agreement by the Tribe for cause under Section 11.2, the
Manager shall not, prospectively from the date of termination, have the right to its Management Fee from the Enterprise, but such termination shall not affect the Manager’s rights under Section 12, the Loan Documents or any other
agreements entered pursuant hereto. 
 11.5 Consequences of Tribe’s Breach. In the event of termination of this Agreement by the
Manager for cause under Section 11.2, the Manager shall not be required to perform any further services under this Agreement and the Tribe shall indemnify and hold the Manager harmless against all liabilities of any nature whatsoever relating
to the Enterprise arising after the date of termination, but only insofar as these liabilities result from acts within the control of the Tribe or its agents. Any indemnification shall be shall be made solely from Tribe’s Share of Net Revenues.

 11.6 Notice Provision. Except where the Tribal Gaming Ordinance, the Compact, or any other applicable law or regulation provide for
immediate action or action in less than 30 days time, the Tribe or the Gaming Commission shall provide the Manager notice of any alleged violation of the Tribal Gaming Ordinance and thirty (30) days opportunity to cure before the Gaming
Commission may take any action based on such alleged violation. 
 12. Conclusion of the Management Term. Upon the conclusion of the
Term, or the termination of this Agreement under other of its provisions, in addition to other rights under this Agreement, the Manager shall have the following rights: 
 12.1 Transition. If termination occurs at any time other than upon the conclusion of its Term or due to revocation of the Manager’s gaming license, Manager shall be entitled to a reasonable period of not
less than thirty (30) days to transition management of the Enterprise to the Tribe or its designee during which period the Manager shall be entitled to pay an amount equal to its Management Fee as if the termination had not occurred.

 12.2 Undistributed Net Revenues. If the Enterprise has Net Revenues (irrespective of whether such Net Revenues are known or unknown
upon the expiration of the 
  

 28 

 Term or the sooner termination of this Agreement) which have not been distributed under Section 6 of this Agreement,
the Manager shall receive at such time as such Net Revenues can be distributed that portion of such Net Revenues that it would have received had such Net Revenues been distributed during the Term. 
 12.3 Rights under IGRA. The Manager shall have the rights to continue as Manager as set forth in Section 2710(d)(2)(D)(ii) of IGRA even if
there is less than one (i) year remaining on the Term of this Agreement. 
 13. Consents and Approvals. 
 13.1 Tribe. Where approval or consent or other action of the Tribe is required, such approval, consent or other action shall mean the written
approval of the Tribal Council evidenced by a resolution thereof, certified by a tribal official as having been duly adopted, or, if provided by resolution of the Tribal Council, the approval of the Tribal Gaming Commission, or such other person or
entity designated by resolution of the Tribal Council. Where approval or consent or other action of the Tribe is required, such approval, consent or other action shall mean the written approval of the Tribe. Any such approval, consent or action
shall not be unreasonably withheld or delayed; provided the foregoing does not apply where a specific provision of this Agreement allows the Tribe or the Tribe an absolute right to deny approval or consent or withhold action. 
 13.2 Manager. Where approval or consent or other action of the Manager is required, such approval shall mean written approval. Any such approval,
consent or other action shall not be unreasonably withheld or delayed. 
 14. Disclosures. 
 14.1 Shareholders and Directors. Manager shall provide to the Tribe and the NIGC on the date that this Agreement is submitted to the NIGC a list of
all persons and entities identified in 25 C.F.R. §t3 537.1(a) and 537.1(c)(1) and the information required under 25 C.F.R. § 537.1(b)(1)(i). 
 14.2 Warranties. The Manager further warrants and represents as follows: (i) no person or entity has any beneficial ownership interest in the Manager other than as shall be identified pursuant to
Section 14. 1; (ii) no officer, director or owner of five percent (5%) or more of the stock of the Manager has been arrested, indicted for, convicted of, or pleaded nolo contenders to any felony or any gaming offense, or had any
association with individuals or entities known to be connected with organized crime; and (ii) no person or entity disclosed pursuant to Section 14.1 of this Agreement, including any officers and directors of the Manager, has been arrested,
indicted for, convicted of, or pleaded nolo contenders to any felony or any gaming offense, or had any association with individuals or entities known to be connected with organized crime. 
 14.3 Criminal and Credit Investigation. The Manager agrees that all of its members and its members’ shareholders (owning five percent
(5%) or more of the outstanding stock), directors and officers (whether or not involved in the Enterprise), shall: 
 (a) consent to
background investigations to be conducted by the Tribe, the State of Montana, the Federal Bureau of Investigation (the “FBI”) or any other law enforcement authority to the extent required by the IGRA or any Compact. 
  

 29 

 (b) be subject to licensing requirements in accordance with tribal law and this Agreement, 

(c) consent to a background, criminal and credit investigation to be conducted by or for the NIGC, if required, 
 (d) consent to a financial and credit investigation to be conducted by a credit reporting or investigation agency at the request of the Tribe,

 (e) cooperate fully with such investigations, and 
 (f) disclose any information requested by the Tribe which would facilitate the background and financial investigation. 
 Any materially false or deceptive disclosures or failure to cooperate fully with such investigations by an employee of the Manager or an employee of the Tribe shall result in the immediate dismissal of such employee.
The results of any such investigation may be disclosed by the Tribe to federal officials as required by law. 
 14.4 Disclosure
Amendments. The Manager agrees that whenever there is any proposed change with respect to the persons or entities with a financial interest in, or management responsibility for, this Agreement, it shall notify the NIGC and the Tribe of such
change no later than ten days after it becomes aware of such change as required by 25 C.F.R. § 537.2. The Manager further agrees to notify the NIGC and the Tribe of any change with respect to the warranties and representations contained on
Section 14(ii) or (ii) of this Agreement no later than ten days after it becomes aware of such change. All of the warranties and agreements contained in this Section 14 shall apply to any person or entity who would be disclosed
pursuant to this Section 14 as a result of such changes. 
 14.5 Breach of Manager Warranties and Agreements. The material breach
of any warranty or agreement of the Manager contained in this Section 14 shall be grounds for termination of this Agreement; provided that (a) if a breach of the warranty contained in clause of Section 14.2 is discovered. and such
breach was not disclosed by background check conducted by the FBI as part of the NIGC or other federal approval of this Agreement, or was discovered by the FBI investigation, then the Manager shall have thirty (30) days after notice from the
Tribe to terminate the interest of the offending person or entity and, if such termination takes place, this Agreement shall remain in full force and effect; and (b) if a breach relates to a failure to update changes in financial position or
additional gaming related activities, then the Manager shaft have thirty (30) days after notice from the Tribe to cure such default prior to termination. 
 15. Recordation. If applicable, at the option of Manager or the Tribe, any security agreement related to the Loan Agreement may be recorded in any public records. Where such recordation is desired in any
relevant recording office maintained by the Tribe, and/or in the 
  

 30 

 public records of the BIA, the Tribe will accomplish such recordation upon the request of the Manager. Manager shall
promptly reimburse the Tribe for all expense, including attorney fees, incurred as a result of such request. No such recordation shall waive the Tribe’s sovereign immunity. 
 16. No present Lien, Lease or Joint Venture. The Parties agree and expressly warrant that neither this Agreement nor any exhibit thereto is a
mortgage or lease and, consequently, does not convey any such present interest whatsoever in the Gaming Facility or the Property, nor any proprietary interest in the Enterprise itself to Manager. The Parties further agree and acknowledge that it is
not their intent, and that this Agreement shall not be construed, to create a joint venture between the Tribe and the Manager; rather, the Manager shall be deemed to be an independent contractor for all purposes hereunder. 
 17. Dispute Resolution. 
 17.1
Arbitration. In the event that the Parties cannot resolve a dispute arising under this Agreement, the Loan Documents or the Security Agreement, the Party making the claim of non-compliance can, by written notice to the other Party, invoke
arbitration as to the dispute. Arbitration shall be conducted in Montana under the Commercial 
 Arbitration Rules of the American
Arbitration Association, and the Parties further agree that that the arbitrator(s) shall be attorney(s) who are licensed in good standing of the State Bar of Montana or the bar of another state, and shall have experience in commercial law and gaming
law. The decision of the arbitrator(s) shall be final. All parties shall bear their own costs of arbitration and attorneys fees. 
 17.2 The
decision of the arbitrator or arbitration panel shall be presumed to be valid, shall be enforceable in full in any court of competent jurisdiction and may be vacated or modified only on one of the following grounds; (a) the decision is not
supported by substantial evidence; (b) the decision was procured by corruption, fraud or undue means; (c) there was evident partiality or corruption by the arbitrator, arbitration panel or any member; (d) the arbitrator, arbitration
panel or any member was guilty of misconduct in refusing to hear the question, or in refusing to hear evidence pertinent and material to the question, or any other clear misbehavior by which the rights of either Party have been substantially
prejudiced; (e) the arbitrator or arbitration panel or any member exceeded its authority under the terms of this Agreement; or (f) the arbitrator or arbitration panel’s decision is contrary to law. 
 17.3 The Tribe waives its sovereign immunity only to the extent of allowing arbitration and judicial review and enforcement under the procedures set
forth in this Section 17. This Agreement does not constitute and shall not be construed as a waiver of sovereign immunity by the Tribe or the Tribe except to permit arbitration and judicial review and enforcement under the procedures set forth
in this Section 17. 
 17.4 Notwithstanding this or any other provision, the only `Tribal income, assets and property which shall be
subject to any claim or award under this Agreement are (a) any undistributed or future income, revenues or proceeds from the Enterprise and/or Gaming Facility, including without limitation such revenues arising or generated after the
termination of this Agreement, and (b) Gaming and related revenues from the Enterprise and/or Gaming Facility arising or generated after the date that the matter in dispute is referred to arbitration. 
  

 31 

 17.5 This Section 17 shall survive the termination of this Agreement. 
 17.6 Limitation of Effect of Section 17. The arbitration provisions of this Section 17 shall not apply to licensing determinations of
the Gaming Commission nor to ordinances or other governmental actions of the Tribal Council. 
 18. Entire Agreement. This Agreement
constitutes the entire understanding and agreement of the Parties hereto with respect to the subject matter hereof and supersedes all other prior agreements and understandings, written or oral, between the Parties. 
 19. Government Savings Clause. Each of the Parties agrees to execute, deliver and, if necessary, record any and all additional instruments,
certifications, amendments, modifications and other documents as may be required by the United States Department of the Interior, BIA, the MCC, the Office of the Field Solicitor, or any applicable statute, rule or regulation in order to effectuate,
complete, perfect, continue or preserve the respective rights, obligations, liens and interests of the parties hereto to the fullest extent permitted by law; provided, that any such additional instrument, certification, amendment, modification or
other document shall not materially change the respective rights, remedies or obligations of the Tribe or the Manager under this Agreement or any other agreement or document related hereto. 
 20. Execution. This Agreement is being executed in four counterparts, two to be retained by each Party. Each of the four originals is equally
valid. This Agreement shall be binding upon both Parties when properly executed and approved by the Chairman of the NIGC. 
 IN WITNESS
WHEREOF, the Parties hereto have executed this Agreement on the day and year first above written. 
 SIGNATURES FOLLOW HEREAFTER 

 

 32 

			
	 NORTHERN CHEYENNE TRIBE

		
	 By:
	 	 /s/    Eugene Little Coyote        

	 Name:
	 	 Eugene Little Coyote

	 Title:
	 	 President

	
	 GAMING ENTERTAINMENT
 (MONTANA), LLC

		
	 By:
	 	 Full House Resorts, Inc., Managing Member

		
	 By:
	 	 /s/    Barth F. Aaron

	 Name:
	 	 Barth F. Aaron

	 Title:
	 	 Secretary

	
	 NATIONAL INDIAN GAMING COMMISSION

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

 33Salary Summary

 Exhibit 10.1 
 Summary of Horace Mann Educators Corporation 
 Named Executive Officer Annualized Salary

 The table below summarizes the annualized salaries of Horace Mann Educators Corporation’s (the “Company”) Chief
Executive Officer and the other four highest compensated Executive Officers, as defined in the Company’s Proxy Statement for the 2006 Annual Meeting of Shareholders, (collectively the “Named Executive Officers”). These salaries may be
changed at any time at the discretion of the Compensation Committee and/or Board of Directors of the Company. These salaries do not include short-term and long-term incentive compensation amounts, the Company’s contributions to defined
contribution plans and the Company’s contributions to other employee benefit programs on behalf of the Named Executive Officers. 
  

				
	 Named Executive Officer
	  	Annualized Salary
	 Louis G. Lower II
President and Chief Executive Officer
	  	$	640,008.00
	 Peter H. Heckman
Executive Vice President and Chief Financial Officer
	  	$	384,000.00
	 Douglas W. Reynolds
Executive Vice President - Property & Casualty and Information Technology
	  	$	348,000.00
	 Frank M. D’Ambra III
Senior Vice President - Life & Annuity
	  	$	215,004.00
	 Robert B. Joyner
Senior Vice President - Marketing
	  	$	200,004.00

 Last revision date: April 17, 2006

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