Document:

EX-10.1

 Exhibit 10.1 

REGISTRATION RIGHTS AGREEMENT 

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of October 20, 2017, is entered
into by and between Golden Entertainment, Inc., a Minnesota corporation (the “Company”) and W2007/ACEP Holdings, LLC, a Delaware limited liability company (“Stockholder”). 

WHEREAS, the Company, Stockholder and W2007/ACEP Managers Voteco, LLC, a Delaware limited liability company
(“Voteco”), have entered into that certain Membership Interest Purchase Agreement, dated as of June 10, 2017 (as the same may be amended or supplemented from time to time, the “Purchase Agreement”), pursuant to
which the Company has acquired all of the outstanding membership interests of American Casino & Entertainment Properties, LLC, a Delaware limited liability company; 

WHEREAS, as more fully described in the Purchase Agreement, in connection with the Closing under the Purchase
Agreement, Stockholder has received shares of common stock, $0.01 par value per share, of the Company (the “Shares”), on the terms and conditions set forth in the Purchase Agreement; and 

WHEREAS, the Company desires to enter into this Agreement with Stockholder in order to grant Stockholder the registration
rights contained herein. 
 NOW, THEREFORE, in consideration of the premises and the mutual promises and covenants contained
in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

Section 1. Definitions. For the purposes of this Agreement, capitalized terms used and not otherwise defined
herein shall have the respective meanings ascribed to them as set forth below, or if not set forth below, as set forth in the Purchase Agreement: 

“Agreement” shall have the meaning set forth in the preamble hereto. 

“Company” shall have the meaning set forth in the preamble hereto. 

“Company Standstill Period” shall have the meaning set forth in Section 5(a). 

“Demand Registration” shall have the meaning set forth in Section 3(a). 

“Demand Request” shall have the meaning set forth in Section 3(a). 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended (or any corresponding provision of
succeeding law) and the rules and regulations thereunder. 
 “FINRA” shall mean the Financial Industry
Regulatory Authority. 
 “Loss” shall have the meaning set forth in Section 7(a). 

 “Long-Form Demand” shall have the meaning set forth in
Section 3(a). 
 “Material Disclosure Event” means, as of any date of determination, any pending or
imminent event relating to the Company or any of its subsidiaries, which, in the good faith determination of the Company, after consultation with external legal counsel, (i) requires disclosure of material, non-public information relating to
such event in any registration statement or related prospectus under which Registrable Securities may be offered and sold (including documents incorporated by reference therein) so that such registration statement would not contain an untrue
statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they are made, not misleading, (ii) is otherwise not required to
be publicly disclosed at that time (e.g., on Forms 10-K, 8-K, or 10-Q) under applicable federal or state securities laws and (iii) if publicly disclosed at the time of such event, could reasonably be expected to materially adversely affect the
business, financial condition or prospects of the Company and its subsidiaries or would materially adversely affect a pending or proposed acquisition, merger, recapitalization, consolidation, reorganization, financing or similar transaction, or
negotiations with respect thereto. 
 “New York Court” shall have the meaning set forth in
Section 9(c). 
 “Person” shall mean any individual, corporation, partnership, limited liability
company, joint venture, association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 

“Piggyback Registration” shall have the meaning set forth in Section 4(a). 

“Purchase Agreement” shall have the meaning set forth in the recitals hereto. 

“Registrable Securities” shall mean the Shares acquired by Stockholder pursuant to the Purchase
Agreement on the date hereof, as well as any of the Company’s securities which may be issued or distributed by way of stock split, dividend, recapitalization or reclassification in respect of such Shares; provided, however, such
Registrable Securities shall cease to be Registrable Securities (i) when a registration statement with respect to the sale of such Registrable Securities shall have become effective under the Securities Act and such Registrable Securities shall
have been disposed of in accordance with such registration statement; (ii) when such Registrable Securities shall have been sold in accordance with Rule 144 (or any successor provision) under the Securities Act in a transaction where the
restrictive legend is removed from such Shares; (iii) when such Registrable Securities have ceased to be outstanding; or (iv) when such Registrable Securities have become freely transferable without volume or manner of sale restrictions
under Rule 144 (or any successor provision) under the Securities Act and such remaining Registrable Securities constitute less than five percent (5%) of the then-issued and outstanding shares of common stock (including any of the Company’s
securities which may be issued or distributed by way of stock split, dividend, recapitalization or reclassification in respect of such common stock), $0.01 par value per share, of the Company. 

“Registration Expenses” shall mean all expenses incurred in effecting any registration pursuant to this
Agreement, including registration, qualification, listing and filing fees  

  
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(including, without limitation, all SEC and FINRA filing fees and NASDAQ listing fees), printing expenses, transfer agent’s and registrar’s fees and expenses, fees and disbursements of
counsel for the Company and all accountants and other persons retained by the Company, fees and disbursements of up to fifty thousand dollars ($50,000) for one counsel (plus appropriate local counsel) chosen by Stockholder for each Demand
Registration or Underwritten Offering, and blue sky (and other securities laws) fees and expenses associated with any registration statement, as well as all internal fees and expenses of the Company, but shall not include any Selling Expenses. 

“SEC” shall mean the United States Securities and Exchange Commission and any successor United States
federal agency or governmental authority having similar powers. 
 “Securities Act” shall mean
the Securities Act of 1933, as amended (or any successor corresponding provision of succeeding law), and the rules and regulations thereunder. 

“Selling Expenses” shall mean all underwriting discounts, selling commissions, stock transfer taxes,
and the fees and disbursements of any additional counsel for Stockholder not included in the definition of Registration Expenses. 

“Shares” shall have the meaning set forth in the recitals hereto. 

“Shelf Registration Statement” shall have the meaning set forth in Section 2(a). 

“Short-Form Demand” shall have the meaning set forth in Section 3(a). 

“Stockholder” shall have the meaning set forth in the preamble hereto. 

“Suspension Notice” shall have the meaning set forth in Section 5(b). 

“Suspension Period” shall have the meaning set forth in Section 5(b). 

“Underwritten Offering” shall mean an underwritten offering by Stockholder of Registrable Securities
for which the Company provides the cooperation and assistance required by this Agreement, including pursuant to Section 6(a)(xv)-(xx). 

Section 2. Shelf Registration. 

(a) Shelf Registration. If the Company then meets the requirements for the use of a shelf registration statement on Form
S-3 under the Securities Act, the Company shall use its reasonable best efforts to prepare and file with the SEC, within 45 days following the request of the Stockholder, a shelf registration statement under the Securities Act (or at the
Company’s option, a post-effective amendment to its existing shelf registration statement on Form S-3 filed with the SEC) for the offer and sale from time to time on a continuous or delayed basis of all of the Registrable Securities (the
“Shelf Registration Statement”). For avoidance of doubt, the Shelf Registration Statement may include other Company securities registered for the account of the Company and/or other Persons. The Company shall file the Shelf
Registration Statement on Form S-3 covering all of the Registrable Securities or, if the Company or the offering of such Registrable Securities does not satisfy the requirements for use of such form, such other form as

  
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may be appropriate; provided, that if the Shelf Registration Statement is not filed on Form S-3, the Company shall, promptly upon meeting the requirements for use of such form, file an
appropriate amendment to the Shelf Registration Statement to convert it to Form S-3. Subject to the provisions contained in this Section 2 and in Sections 5(b) and 5(c) hereof, the Company shall use its reasonable best efforts to cause such
Shelf Registration Statement to be declared effective by the SEC or to otherwise become effective as soon as practicable after the filing thereof. 

(b) Required Shelf Registration Period and Procedures. The Company shall (i) cause such Shelf Registration
Statement to include a resale prospectus intended to permit Stockholder to sell, at Stockholder’s election, all or part of the Registrable Securities held by Stockholder without restriction, (ii) use its reasonable best efforts to prepare
and file with the SEC such supplements, amendments and post-effective amendments to such Shelf Registration Statement as may be necessary to keep such Shelf Registration Statement continuously effective and in compliance with the Securities Act and
usable for the resale of Registrable Securities (subject to any Suspension Period(s) referred to below) for so long as the securities registered thereunder constitute Registrable Securities, and (iii) use its reasonable best efforts to cause
the resale prospectus to be supplemented by any required prospectus supplement (subject to any Suspension Period(s) referred to below). 

(c) Underwritten Offerings Pursuant to the Shelf Registration. From time to time after the filing of the Shelf
Registration Statement, the Stockholder shall be entitled to request an aggregate of four (4) Underwritten Offerings pursuant to the Shelf Registration; provided, that each such Underwritten Offering will be subject to the priority
provisions set forth in Section 3(d) as if it was a Demand Registration; and provided, further, that an Underwritten Offering under this Section 2(c) shall count as one of the permitted Underwritten Offerings hereunder only
if the Stockholder is able to register and sell at least ninety percent (90%) of the Registrable Securities requested to be included in such Underwritten Offering. In connection with any offering of Registrable Securities pursuant to the Shelf
Registration Statement in the form of an Underwritten Offering, the managing underwriter for the offering shall be an investment banking firm of national standing to be selected by mutual agreement of Stockholder and the Company (such agreement not
to be unreasonably withheld, conditioned or delayed). The Company will not be obligated to participate in more than three (3) Underwritten Offerings (less the number of any Demand Registrations) pursuant to the Shelf Registration Statement in
any twelve (12) month period. Stockholder shall have the right to cancel a proposed Underwritten Offering of Registrable Securities pursuant to this Section 2(c) (x) at any time prior to the commencement of marketing to investors for
such proposed Underwritten Offering and (y) after the commencement of marketing to investors if Stockholder becomes aware of material adverse information relating to the Company that is different from the information known to the Stockholder at
the time of the commencement of such marketing. Such cancelled offering shall not be counted as an Underwritten Offering for purposes of this Section 2(c). 

  
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 Section 3. Demand Registration Rights. 

(a) Request for Registration. Subject to the provisions contained in this Section 3(a) and in Sections 4(b), 5(b)
and 5(c) hereof, Stockholder may, from time to time, request in writing (a “Demand Request”) that the Company effect the registration under the Securities Act of a specified number of Registrable Securities held by Stockholder on
Form S-1 or any successor form to Form S-1, or any similar long-form registration statement (a “Long-Form Demand”) or, if available, on Form S-3 or any successor form to Form S-3, or any similar short-form registration statement,
but excluding a Shelf Registration effected pursuant to Section 2(a) (a “Short-Form Demand”). Subject to the provisions contained in this Section 3 and in Sections 5(b) and 5(c) hereof: (x) upon receipt of a Demand
Request, the Company will use reasonable best efforts to cause to be included in a registration statement on an appropriate form under the Securities Act, filed with the SEC as promptly as practicable but in any event not later than 45 days after
receiving a Demand Request, such Registrable Securities as may be requested by the Stockholder in its Demand Request, and (y) the Company shall use reasonable best efforts to cause any such registration statement to be declared effective by the
SEC or to otherwise become effective as soon as practicable after the filing thereof (a “Demand Registration”). The Company will in no event be required to effect more than three (3) Demand Registrations in any twelve
(12) month period or more than four (4) Demand Registrations in total (in each case, less the number of any Underwritten Offerings effected by the Company pursuant to the Shelf Registration Statement at the request of Stockholder) pursuant
to this Agreement. Notwithstanding the foregoing, the Company shall not be obligated to effect any Demand Registration for any Registrable Securities if the Shelf Registration Statement is then effective and such Shelf Registration Statement may be
utilized by the Stockholder for the offering and sale of all Registrable Securities then requested in such Demand Registration without a requirement under SEC rules and regulations for a post-effective amendment thereto. 

(b) Effective Registration. A registration will not count as a Demand Registration for purposes of Section 3(a)
unless the related registration statement has been declared effective and has remained effective until such time as all of such Registrable Securities covered thereby have been disposed of in accordance with the intended methods of disposition by
the Stockholder (but in no event for a period of more than 180 days after such registration statement becomes effective, not including any Suspension Period); it being understood that if, after it has become effective, an offering of Registrable
Securities pursuant to a registration statement is terminated by any stop order, injunction, or other order of the SEC or other governmental agency or court, such registration pursuant thereto will be deemed not to have been effected and will not
count as a Demand Registration for purposes of Section 3(a). 
 (c) Selection of Underwriters. With respect to
any offering of Registrable Securities pursuant to a Demand Registration in the form of an underwritten offering, the managing underwriter for the offering shall be an investment banking firm of national standing to be selected by mutual agreement
of Stockholder and the Company (such agreement not to be unreasonably withheld, conditioned or delayed). 
 (d) Priority
on Demand Registrations. With respect to any offering of Registrable Securities pursuant to a Demand Registration or the Shelf Registration Statement in the form of an Underwritten Offering, the Company may include securities to be sold for the

  
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account of the Company or other Persons in such Demand Registration (or Underwritten Offering pursuant to the Shelf Registration Statement); provided, that no securities to be sold for the
account of any Person (including the Company) other than Stockholder shall be included in such Demand Registration (or Underwritten Offering pursuant to the Shelf Registration, as applicable) (i) if and to the extent that the managing
underwriter advises Stockholder and the Company in writing that the inclusion of such securities is anticipated to have a material adverse effect on the price, timing or marketability of the Registrable Securities or otherwise have a material
adverse effect on the success of such offering and (ii) unless the Registrable Securities of Stockholder receive priority over all other securities included in such Demand Registration (or Underwritten Offering pursuant to the Shelf
Registration, as applicable). 
 (e) Cancellation of Registration. The Stockholder shall have the right to cancel a
proposed Demand Registration of Registrable Securities pursuant to this Section 3 (x) at any time prior to the commencement of marketing to investors for such proposed Demand Registration and (y) after the commencement of marketing to
investors if Stockholder becomes aware of material adverse information relating to the Company that is different from the information known to the Stockholder at the time of the commencement of such marketing. Such cancelled registration shall not
be counted as a Demand Registration for purposes of Section 3(a). 
 Section 4. Piggyback Registration Rights.

 (a) Right to Piggyback. If the Company (i) proposes to file a registration statement under the Securities
Act with respect to an offering of any equity securities (except pursuant to registrations on Form S-4 or any successor form, or on Form S-8 or any successor form relating solely to securities issued pursuant to any benefit plan) on a form that
would permit registration of Registrable Securities for sale to the public under the Securities Act or (ii) proposes to file an initial prospectus supplement to a registration statement with respect to an offering of its common stock on a form
that would permit registration of Registrable Securities for sale to the public under the Securities Act, then the Company shall give written notice of such proposed filing to Stockholder not less than 21 days before the anticipated filing date,
describing in reasonable detail the proposed offering (including the number and class of securities proposed to be offered, the proposed date of filing of such registration statement or prospectus supplement, any proposed means of distribution of
such securities, any proposed managing underwriter of such securities and a good faith estimate by the Company of the proposed maximum offering price of such securities as such price is proposed to appear on the facing page of such registration
statement or prospectus supplement), and offering Stockholder the opportunity to register and offer such number of Registrable Securities of the same class as those being offered by the Company as the Stockholder may request. Upon the written
request of Stockholder, received by the Company no later than 10 days after receipt by the Stockholder of the notice sent by the Company, to register and offer, on the same terms and conditions as the securities otherwise being sold pursuant to such
registration statement or prospectus supplement, any of Stockholder’s Registrable Securities of the same class as those being offered (which request shall state the intended method of disposition thereof if the securities otherwise being sold
are being sold by more than one method of disposition), the Company will cause such Registrable Securities as to which registration shall have been so requested to be included in the registration statement or prospectus supplement proposed to be
filed by the Company on the same terms and 

  
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conditions as the securities otherwise being sold pursuant to such registration statement or prospectus supplement (a “Piggyback Registration”); provided, however,
that, notwithstanding the foregoing, the Company may at any time, in its sole discretion, without the consent of Stockholder, delay or abandon the proposed offering in which a Stockholder had requested to participate pursuant to this
Section 4(a) or cease the filing (or obtaining or maintaining the effectiveness) of or withdraw the related registration statement or prospectus supplement or other governmental approvals, registrations or qualifications. In such event, the
Company shall so notify the Stockholder and the Company shall incur no liability for its failure to complete any such offering other than its obligation to pay Registration Expenses in connection therewith. 

(b) Priority on Primary Registrations. If a Piggyback Registration is initiated as an underwritten primary registration
on behalf of the Company, and the managing underwriter advises the Company that in its reasonable opinion the number of equity securities requested to be included in such registration exceeds the number that can be sold in such offering without
having a material adverse effect on the price or success of the offering, then the Company shall include in such registration statement or prospectus supplement the maximum number of shares that such underwriter advises can be so sold without having
such adverse effect, allocated (i) first, to the equity securities the Company proposes to sell and to Stockholder, pro rata among the Company and Stockholder on the basis of the percentage of the shares requested to be registered by
them, or on such basis as the Company and Stockholder may agree, (ii) second, to any other shareholder with piggyback registration rights entitling it to include shares of Company common stock in such registration, pro rata among such
holders on the basis of the percentage of the shares requested to be registered by them or on such basis as such holders may agree among themselves and the Company, and (iii) third, among other security holders of the Company, pro rata
among such holder(s) on the basis of the percentage of the then outstanding shares requested to be registered by them or on such basis as such holder(s) may agree among themselves and the Company. 

(c) Priority on Secondary Registrations. If a Piggyback Registration is initiated as a secondary underwritten
registration on behalf of any holders of the Company’s securities other than Stockholder, and the managing underwriter advises the Company that in its reasonable opinion the number of securities requested to be included in such registration
exceeds the number that can be sold in such offering without having a material adverse effect on the price or success of the offering, then the Company shall include in such registration statement or prospectus supplement the maximum number of
shares that such underwriter advises can be so sold without having such adverse effect, allocated (i) first, to the securities requested to be included therein by the holder(s) requesting such registration, to the extent such holder(s) have
priority registration rights in effect on the date hereof, and to the Stockholder, pro rata among such holders on the basis of the percentage of the shares requested to be registered by them or on such basis as such holders may agree among
themselves and the Company, (ii) second, to any other shareholder with piggyback registration rights entitling it to include shares of Company common stock in such registration, pro rata among such holders on the basis of the percentage
of the shares requested to be registered by them or on such basis as such holders may agree among themselves and the Company, and (iii) third, among the Company and other security holders of the Company, pro rata among such holder(s) and
the Company on the basis of the 

  
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percentage of the shares requested to be registered by them or on such basis as such holder(s) may agree among themselves and the Company. 

(d) Withdrawal. Stockholder shall have the right to withdraw its request for inclusion of any specified number of its
Registrable Securities in any registration statement or prospectus supplement pursuant to this Section 4 by giving written notice to the Company of its request to withdraw at least five (5) Business Days prior to the effective date of such
registration statement. In the event of any such withdrawal, the Company shall not include such Registrable Securities in the applicable registration and such Registrable Securities shall continue to be Registrable Securities hereunder. No such
withdrawal shall affect the obligations of the Company with respect to the Registrable Securities not so withdrawn. 
 (e)
Underwritten Offerings. In connection with the exercise of any registration rights granted to the Stockholder pursuant to this Section 4, if the offering is to be effected by means of an underwritten offering, the Company may condition
participation in such offering on Stockholder entering into an underwriting agreement in customary form and acting in accordance with the terms and conditions thereof; provided that the Company shall cooperate reasonably with Stockholder in
the event Stockholder is required by applicable law to engage an underwriter other than the managing underwriter engaged by the Company or the requesting holder in connection with the sale of Registrable Securities pursuant to this Section 4.

 Section 5. Standstill and Suspension Periods. 

(a) Company Standstill Period. To the extent requested by the managing underwriter(s) for the applicable offering, in
the event of an underwritten public offering of Registrable Securities on a firm commitment basis pursuant to Section 2(c) or Section 3(a) hereof, the Company agrees not to, without the prior written consent of the managing underwriter,
offer, pledge, sell, contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any securities (except securities that may be held by the Company for its own account under the
relevant registration statement) that are the same as, or similar to, the Registrable Securities, or any securities convertible into, or exchangeable or exercisable for, any securities of the Company that are the same as, or similar to, the
Registrable Securities (except in each case pursuant to registrations on Form S-4 or any successor form, or otherwise in connection with the acquisition of a business or assets of a business, a merger, or an exchange offer for the securities of the
issuer or another entity, or pursuant to a Company dividend reinvestment plan, or for issuances of securities pursuant to the conversion, exchange or exercise of then-outstanding convertible or exchangeable securities, options, rights or warrants,
or pursuant to registrations on Form S-8 or any successor form or otherwise relating solely to securities offered pursuant to any benefit plan), during the period commencing five (5) Business Days prior to the effective date of the registration
statement relating to such Registrable Securities (to the extent timely notified in writing by Stockholder or the managing underwriter of such distribution) and ending on the 90th day after such effective date (the “Company Standstill
Period”). 
 (b) Suspension Period. The Company may, by notice in writing to the Stockholder postpone the
filing or effectiveness of the Shelf Registration Statement or any other registration requested pursuant to this Agreement (including any post-effective amendments 

  
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thereto), or otherwise suspend the Demand Registration rights of the Stockholder and/or require the Stockholder to suspend use of any resale prospectus included in the Shelf Registration
Statement for any period of time determined by the Company if there shall occur a Material Disclosure Event (such period, a “Suspension Period”). Notwithstanding anything herein to the contrary, the Company shall not be entitled to
more than three Suspension Periods, which Suspension Periods shall have durations of not more than 30 days each (which may at the Company’s determination run consecutively for a given Material Disclosure Event), during any consecutive 12 month
period; provided, however, that if the Company deems in good faith that it is necessary to file a post-effective amendment to the Shelf Registration Statement in order to comply with Section 2 hereof, then such period of time from
the date of filing of such post-effective amendment until the date on which such Shelf Registration Statement is declared effective by the SEC or otherwise becomes effective shall not be treated as a Suspension Period and the Company shall use its
reasonable best efforts to cause such post-effective amendment to be declared effective or otherwise become effective as promptly as possible. Stockholder agrees that, upon receipt of notice from the Company of the occurrence of a Material
Disclosure Event (a “Suspension Notice”), Stockholder will forthwith discontinue any disposition of Registrable Securities pursuant to any Shelf Registration Statement or any public sale or distribution, including pursuant to Rule
144, until the earlier of (i) the expiration of the Suspension Period and (ii) Stockholder’s receipt of a notice from the Company to the effect that such suspension has terminated. Any Suspension Notice shall be accompanied by a
certificate of the Chief Executive Officer, Chief Financial Officer, President or any Vice President of the Company confirming the existence of the Material Disclosure Event. If so directed by the Company, Stockholder will deliver to the Company (at
the Company’s expense) all copies, other than permanent file copies, then in Stockholder’s possession, of the most recent prospectus(es) covering such Registrable Securities at the time of receipt of such Suspension Notice. The Company
covenants and agrees that it will not deliver a Suspension Notice with respect to a Suspension Period unless the Company’s employees, officers and directors are also prohibited by the Company for the duration of such Suspension Period from
effecting any public sales of shares of the Company’s common stock beneficially owned by them. In the event of a Suspension Notice, the Company shall, promptly after such time as the related Material Disclosure Event no longer exists, provide
notice to the Stockholder that the Suspension Period has ended, and take any and all actions necessary or desirable to give effect to Stockholder’s rights under this Agreement that may have been affected by such notice, including
Stockholder’s Demand Registration rights and rights with respect to a Shelf Registration Statement. Notwithstanding the foregoing, a valid postponement or suspension of the filing of a registration statement shall not diminish the obligation of
the Company to continue preparations for the filing of such registration statement during the Suspension Period. 
 (c)
Stockholder Standstill Period. To the extent requested by the managing underwriter(s) for the applicable offering, Stockholder agrees to enter into a customary lock-up agreement with the managing underwriter for any underwritten offering of
the Company’s equity securities for its own account, containing terms reasonably acceptable to such managing underwriter and Stockholder, covering the period commencing five (5) Business Days prior to the effective date of any registration
statement or amendment to registration statement pertaining to such underwritten offering or, if applicable, five (5) Business Days prior to the date of the final prospectus supplement to a registration statement pertaining to such underwritten
offering, 

  
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and ending on the 90th day after such effective date or final prospectus supplement date (or such shorter period as shall have been agreed to by the Company or the Company’s executive
officers and directors in their respective lock-up agreements); provided, however, that the obligations of Stockholder under this Section 5(c) shall apply only if: (i) Stockholder owns five percent (5%) or more of the
outstanding Company common stock, (ii) Stockholder will be afforded the right (whether or not exercised by Stockholder) to include Registrable Securities in such underwritten offering in accordance with and subject to the provisions of
Section 4 hereof; (iii) each of the Company’s executive officers and directors enter into lock-up agreements with such managing underwriter, which agreements shall not contain terms more favorable to such executive officers or
directors than those contained in the lock-up agreement entered into by Stockholder; and (iv) the aggregate restriction periods in Stockholder’s lock-up agreement entered into pursuant to this Section 5(c) shall not exceed an
aggregate of 180 days during any 365-day period. Notwithstanding the foregoing, and for the avoidance of doubt, none of the provisions or restrictions set forth in this Section 5(c) shall in any way limit Goldman Sachs & Co. LLC or any
of its Affiliates (other than the Stockholder) from engaging in any brokerage, investment advisory, financial advisory, anti-raid advisory, principaling, merger advisory, financing, asset management, trading, market making, arbitrage, investment
activity and other similar activities conducted in the ordinary course of their business. Notwithstanding anything to the contrary set forth in this Agreement, the restrictions contained in this Agreement shall not apply to any shares of the
Company’s common stock or any other securities acquired by Goldman Sachs & Co. LLC or any of its Affiliates other than the Registrable Securities. 

(d) The Company represents and warrants to Stockholder that it has not previously entered into an agreement with respect to its
securities granting any registration rights to any Person that remain in effect as of the date of this Agreement, other than to The Blake L. Sartini and Delise F. Sartini Family Trust. If the Company shall at any time after the date of this
Agreement provide to any holder of any securities of the Company rights with respect to the registration of such securities under the Securities Act, such rights shall not be in conflict with, adversely affect, or be more favorable than any of the
rights provided in this Agreement to the Stockholder. 
 Section 6. Registration Procedures. 

(a) In connection with the filing of any registration statement pursuant to this Agreement, the Company shall, as promptly as
practicable: 
 (i) prepare and file with the SEC the requisite registration statement (including a
prospectus therein and any supplement thereto) to effect such registration and use its reasonable best efforts to cause such registration statement to become effective and to keep such registration statement effective, and before filing such
registration statement or any amendments or supplements thereto, provide to Stockholder copies of all such documents proposed to be filed or furnished and such Stockholder shall have a reasonable opportunity to review and comment thereon, and the
Company will make such changes and additions thereto as may reasonably be requested in writing by Stockholder to the extent that such changes are required by the Securities Act; 

  
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 (ii) prepare and file with the SEC (subject to the review and
comment provisions set forth in Section 6(a)(i) above) such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to maintain the effectiveness of such registration until
all of the Registrable Securities covered by such Registration Statement have been disposed of (but subject to any limitations on the period for effectiveness of such registration set forth elsewhere in this Agreement) and to comply with the
provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement; 

(iii) use its reasonable best efforts to cause all Registrable Securities covered by any registration statement
to be registered with or approved by such other governmental entities or self-regulatory bodies as may be reasonably necessary or advisable in light of the business and operations of the Company to enable Stockholder to consummate the disposition of
such Registrable Securities in accordance with the intended method or methods of disposition thereof; 
 (iv)
if the Company receives written notice from the Stockholder after the date on which the registration statement has become effective that the Stockholder desires to include additional Registrable Securities in such registration statement, use its
reasonable best efforts to so include such additional Registrable Securities as promptly as possible by filing an additional registration statement pursuant to Rule 462(b) under the Securities Act or any similar rule then in effect, which
registration shall not be counted as “effected” for purposes of Section 3(b); 
 (v) furnish
to Stockholder, at the Company’s expense, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits other than those which are being incorporated into
such registration statement by reference and that are publicly available), such number of copies of the prospectus contained in such registration statement and any other prospectus filed under Rule 424 under the Securities Act in conformity with the
requirements of the Securities Act, and such other documents, as Stockholder may reasonably request, including in order to facilitate the disposition of the Registrable Securities; 

(vi) use reasonable best efforts to register or qualify all Registrable Securities covered by such registration
statement under such other securities or “blue sky” laws of such jurisdictions as Stockholder or any managing underwriter may reasonably request and to do any and all other acts and things that may be reasonably necessary or advisable to
enable Stockholder and each underwriter, if any, to consummate the disposition of Stockholder’s Registrable Securities in such jurisdiction(s), except that the Company shall not for any such purpose be required to qualify generally to do
business as a foreign company or to register as a broker or dealer in any jurisdiction where it would not otherwise be required to qualify but for this Section 6(a)(vi), or to consent to general service of process in any such jurisdiction, or
to subject itself to any material tax obligation in any such jurisdiction where it is not then so subject; 

  
 11 

 (vii) promptly notify Stockholder and the managing underwriters
of any underwritten offering at any time when the Company becomes aware that the registration statement, any pre-effective amendment thereto, the prospectus or any prospectus supplement or any post-effective amendment to the registration statement
has been filed and, with respect to the registration statement or any post-effective amendment thereto, when the same has become effective; 

(viii) promptly notify Stockholder and the managing underwriters of any underwritten offering at any time when
the Company becomes aware that a prospectus or prospectus supplement relating thereto is required to be delivered under the Securities Act, of the happening of any event as a result of which the prospectus or prospectus supplement included in such
registration statement, as then in effect, includes an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances
under which they were made, and promptly prepare, file with the SEC, and furnish to Stockholder a reasonable number of copies of a supplement to or an amendment of such prospectus or prospectus supplement as may be necessary so that, as thereafter
delivered to the purchasers of such Registrable Securities, such prospectus or prospectus supplement shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the
statements therein not misleading in light of the circumstances under which they were made, provided, however, that with respect to Registrable Securities registered pursuant to such registration statement, Stockholder agrees that it
will not enter into any transaction for the sale of any Registrable Securities pursuant to such registration statement during the time after the furnishing of the Company’s notice that the Company is preparing such supplement to or such
amendment of such prospectus or prospectus supplement and until the filing and effectiveness thereof; 
 (ix)
not file or make any amendment to any registration statement with respect to any Registrable Securities, or any amendment of or supplement to the prospectus used in connection therewith, that refers to Stockholder by name or otherwise identifies
Stockholder as the holder of any securities of the Company without the consent of Stockholder (such consent not to be unreasonably withheld or delayed), unless and to the extent such disclosure is required by law; provided, that
(A) Stockholder shall furnish to the Company in writing such information regarding itself and the distribution proposed by it as the Company may reasonably request for use in connection with a registration statement or prospectus and
(B) Stockholder agrees to notify the Company as promptly as practicable of any inaccuracy or change in information previously furnished to the Company by Stockholder or of the occurrence of any event that would cause the prospectus included in
such registration statement to contain an untrue statement of a material fact regarding Stockholder or the distribution of such Registrable Securities or to omit to state any material fact regarding Stockholder or the distribution of such
Registrable Securities required to be stated therein or necessary to make the statements made therein not misleading in light of the circumstances under which they were made and to furnish to the Company, as promptly as practicable, any additional
information required to correct and update the information previously furnished by Stockholder such 

  
 12 

 
that such prospectus shall not contain any untrue statement of a material fact regarding Stockholder or the distribution of such Registrable Securities or omit to state a material fact regarding
Stockholder or the distribution of such Registrable Securities necessary to make the statements therein not misleading in light of the circumstances under which they were made; 

(x) provide a transfer agent and registrar for all Registrable Securities covered by such registration
statement (which transfer agent and registrar shall, at the Company’s option, be the Company’s existing transfer agent and registrar) not later than the effective date of such registration statement; 

(xi) cause all Registrable Securities covered by such registration statement to be listed on any securities
exchange on which any such class of securities is then listed; 
 (xii) promptly notify Stockholder and any
managing underwriter(s), promptly after it shall receive notice or obtain knowledge thereof, of any oral or written comments by the SEC regarding, or of any request by the SEC for amendments or supplements to, the registration statement or the
prospectus or for any additional information regarding Stockholder; 
 (xiii) advise Stockholder and any
managing underwriter(s), promptly after it shall receive notice or obtain knowledge thereof, of (A) the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of such registration
statement or the initiation or threatening of any proceeding for such purpose, (B) the suspension of the registration or qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction and
(C) the removal of any such stop order or proceeding or the lifting of any such suspension; provided, however, that Stockholder agrees that following such advisement it will not enter into any transaction for the sale of any
Registrable Securities pursuant to such registration statement until Stockholder’s receipt of the notice described in clause (C); 

(xiv) use reasonable best efforts to promptly obtain the withdrawal of any order suspending the effectiveness
of such registration statement, or the lifting of any suspension of the registration or qualification or exemption from qualification of any Registrable Securities for sale in any jurisdiction; 

(xv) in the case of an underwritten offering, make available for inspection by Stockholder and any managing
underwriter(s), and any attorney, accountant or other agent retained by Stockholder or such underwriters, at reasonable times and in a reasonable manner, all pertinent financial and other records, corporate documents and properties of the Company
and its subsidiaries, and cause the Company’s officers, directors and employees to supply all information reasonably requested by Stockholder or any such underwriter, attorney, accountant or agent, in each case as shall be reasonably necessary
to enable them to conduct a reasonable investigation within the meaning of Section 11 of the Securities Act in connection with such registration statement; provided 

  
 13 

 
that the foregoing investigation and information gathering shall be coordinated on behalf of such parties by one firm of counsel designated by and on behalf of such parties; 

(xvi) reasonably cooperate with Stockholder and any managing underwriter(s) participating in the disposition of
such Registrable Securities and with underwriters’ counsel in connection with any filings required to be made with FINRA, if any; 

(xvii) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the
SEC, and make available to its stockholders, as soon as reasonably practicable, an earnings statement (in a form that satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 under the Securities Act or any successor rule
thereto) covering the period of at least 12 months beginning with the first day of the Company’s first full fiscal quarter after the effective date of the applicable registration statement, which requirement shall be deemed satisfied if the
Company timely files complete and accurate information on Forms 10-K, 10-Q and 8-K under the Exchange Act and otherwise complies with Rule 158 under the Securities Act or any successor rule thereto; 

(xviii) in the case of an underwritten offering, (A) promptly incorporate in a supplement to the
prospectus or a post-effective amendment to the registration statement such information as is reasonably requested by the managing underwriter(s) or Stockholder to be included therein, the purchase price for the securities to be paid by the
underwriters and any other applicable terms of such underwritten offering, and to promptly make all required filings of such supplement or post-effective amendment, (B) enter into such customary agreements (including an underwriting agreement
and lock-up agreement in customary form), (C) take all such other actions as the managing underwriter(s) reasonably request in order to expedite or facilitate the disposition of such Registrable Securities (including, without limitation,
causing senior management and other personnel of the Company to reasonably cooperate with Stockholder and the underwriter(s) in connection with performing due diligence) and (D) use reasonable best efforts to cause its counsel to issue written
opinions of counsel, including all opinions of outside counsel to the Company required to be included in the registration statement, addressed and delivered to the underwriter(s) in form, substance and scope as are customary in underwritten
offerings, subject to customary limitations, assumptions and exclusions; 
 (xix) use reasonable best efforts
to obtain all consents of independent public accountants required to be included in the registration statement and to cause to be delivered, upon the pricing of any underwritten offering, and at the time of closing of a sale of Registrable
Securities pursuant thereto, “comfort” letters from the Company’s independent registered public accountants addressed to the underwriter(s) stating that such accountants are independent public accountants within the meaning of the
Securities Act and the applicable rules and regulations adopted by the SEC thereunder, and otherwise in customary form and covering such financial and accounting matters as are customarily covered by “comfort” letters of the independent
registered public accountants delivered in connection with primary underwritten public offerings; 

  
 14 

 (xx) in the case of an underwritten offering of Registrable
Securities, make senior management of the Company available, to the extent reasonably requested by the managing underwriter(s), to assist in the marketing of the Registrable Securities to be sold in such underwritten offering, including the
participation of such members of senior management of the Company in “road show” presentations and other customary marketing activities, including “one-on-one” meetings with prospective purchasers of the Registrable Securities to
be sold in such underwritten offering, and otherwise facilitate, cooperate with, and participate in such underwritten offering and customary selling efforts related thereto, in each case to the same extent as if the Company were engaged in a primary
underwritten registered offering of its Common Stock; 
 (xxi) cooperate with the Stockholder to facilitate
the timely preparation and delivery of certificates representing the Registrable Securities to be sold pursuant to such registration statement free of any restrictive legends and representing such number of shares of securities and registered in
such names as the Stockholder may reasonably request a reasonable period of time prior to sales of Registrable Securities pursuant to such registration statement; provided, that the Company may satisfy its obligations hereunder without
issuing physical stock certificates through the use of The Depository Trust Company’s Direct Registration System; 

(xxii) not later than the effective date of such registration statement, provide a CUSIP number for all
Registrable Securities covered thereby and provide the applicable transfer agent with printed certificates for the Registrable Securities in a form eligible for deposit with The Depository Trust Company; provided, that the Company may satisfy
its obligations hereunder without issuing physical stock certificates through the use of The Depository Trust Company’s Direct Registration System; and 

(xxiii) otherwise use its reasonable best efforts to take or cause to be taken all other actions reasonably
necessary or advisable to effect the registration, marketing and sale of such Registrable Securities contemplated by this Agreement. 

(b) Stockholder agrees that it shall furnish to the Company such information regarding Stockholder and the plan and method of
distribution of Registrable Securities intended by Stockholder (A) as the Company may, from time to time, reasonably request in writing and (B) as shall be required by law or by the SEC in connection therewith, in each case, to the extent
required to effect the registration, offer or sale of such Registrable Securities. Stockholder agrees that information obtained by it or any managing underwriter(s), and any attorney, accountant or other agent retained by such Stockholder or such
underwriters, shall be deemed confidential unless and until such information is made generally available to the public. 

Section 7. Indemnification. 

(a) Indemnification by the Company. In the event of any registration of Registrable Securities under the Securities Act
pursuant to this Agreement, the Company agrees to indemnify and hold harmless Stockholder, its members, managers, partners, officers, directors, employees, advisors, direct or indirect equityholders, stockholders, representatives and agents, and
each Person, if any, who controls Stockholder within the meaning of the Securities Act or 

  
 15 

 
the Exchange Act, against any losses, liabilities, claims, damages and expenses (including, without limitation, reasonable attorneys’ fees and expenses and any legal or other expenses
reasonably incurred in connection with investigating or defending any related claim or proceeding) (collectively, “Losses”) to which Stockholder or any such indemnitees may become subject under the Securities Act, the Exchange Act,
any state securities Laws, any rule or regulation under the Securities Act, or otherwise, insofar as such Losses (or related actions or proceedings) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact
contained in the registration statement under which such Registrable Securities were registered and sold under the Securities Act, any preliminary prospectus, final prospectus or summary prospectus contained therein, or any amendment or supplement
thereto, or arise out of or are based upon any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not
misleading; provided, however, that the Company shall not be liable in any such case to the extent that any such Loss arises out of or is based upon an untrue statement or alleged statement or omission or alleged omission made in such
registration statement, any such preliminary prospectus, final prospectus, summary prospectus, amendment or supplement in reliance upon and in conformity with written information about Stockholder which is furnished to the Company by or on behalf of
Stockholder specifically for use in such registration statement, preliminary prospectus, final prospectus, summary prospectus, amendment or supplement; and provided, further, that the Company shall not be liable in any such case to the
extent that any such Loss arises out of Stockholder’s failure to deliver a copy of the prospectus (as amended or supplemented) after the Company has furnished Stockholder with a sufficient number of copies in advance with a reasonable
opportunity to deliver the same in connection with the sale of Registrable Securities, but only if such statement or omission was corrected in such prospectus (as amended or supplemented). 

(b) Indemnification by Stockholder. In the event of any registration of Registrable Securities under the Securities Act
pursuant to this Agreement, Stockholder agrees to indemnify and hold harmless (in the same manner and to the same extent as set forth in Section 7(a)) the Company, its officers, directors, employees, advisors, representatives and agents, and
each other Person, if any, who controls the Company within the meaning of the Securities Act or the Exchange Act, against any Losses to which the Company or any such indemnitees may become subject under the Securities Act or otherwise, insofar as
such Losses (or related actions or proceedings) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact contained in the registration statement under which such Registrable Securities were registered and
sold under the Securities Act, any preliminary prospectus, final prospectus or summary prospectus contained therein, or any amendment or supplement thereto, or arise out of or are based upon any omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, in each case to the extent such untrue statement or alleged untrue statement or
omission or alleged omission was made in reliance upon and in conformity with written information about Stockholder furnished to the Company by or on behalf of Stockholder specifically for use in such registration statement, preliminary prospectus,
final prospectus, summary prospectus, amendment or supplement; provided, however, that Stockholder shall not be liable for any amounts in excess of the net proceeds (after deducting Selling Expenses) received by Stockholder from sales
of Registrable 

  
 16 

 
Securities pursuant to such registration statement; and provided, further, that Stockholder shall not be liable for any Loss that arises out of Company’s failure to update,
supplement or amend the prospectus after Stockholder has provided the Company with information correcting such statement or omission with a reasonable opportunity to amend or correct such prospectus. 

(c) Notices of Claims, etc. Promptly after receipt by an indemnified party of notice of the commencement of any action
or proceeding involving a claim referred to in the preceding paragraphs of this Section 7, such indemnified party shall, if a claim in respect thereof is to be made against an indemnifying party, give written notice to the latter of the
commencement of such action; provided, however, that the failure of any indemnified party to give notice as provided herein shall not relieve the indemnifying party of its obligations under the preceding paragraphs of this
Section 7, except to the extent that the indemnifying party is materially prejudiced by such failure to give notice. In case any such action is brought against an indemnified party, unless in such indemnified party’s reasonable judgment a
conflict of interest between such indemnified and indemnifying parties exists with respect to such claim, the indemnifying party shall be entitled to assume the defense of such claim upon written notice to the indemnified party within 30 days of its
receipt of notice of the claim with counsel reasonably satisfactory to the indemnified party; provided, however, that any person entitled to indemnification hereunder shall have the right to employ separate counsel and to participate
in the defense of such claim, but the fees and expenses of such counsel shall be at the expense of such person unless (i) the indemnifying party has agreed to pay such fees or expenses or (ii) the indemnifying party shall have failed to
assume the defense of such claim and employ counsel reasonably satisfactory to such person and to continue diligently pursuing such defense. If such defense is not assumed by the indemnifying party as permitted hereunder, the indemnifying party will
not be subject to any liability for any settlement made by the indemnified party without its consent (but such consent will not be unreasonably withheld, conditioned or delayed). If such defense is assumed by the indemnifying party pursuant to the
provisions hereof, such indemnifying party shall not settle or otherwise compromise the applicable claim unless (A) such settlement or compromise contains a full and unconditional release of the indemnified party or (B) the indemnified
party otherwise consents in writing (which consent will not be unreasonably withheld, conditioned or delayed). An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim will be obligated to pay the reasonable fees
and expenses of not more than one counsel (plus local counsel to the extent reasonably necessary to defend against such claim) for all parties indemnified by such indemnifying party with respect to such claim. 

The indemnification provided for under this Agreement shall remain in full force and effect regardless of any investigation
made by or on behalf of the indemnified party and shall survive the transfer of securities. 
 (d) Contribution. If,
for any reason, the foregoing indemnity is unavailable, or is insufficient to hold harmless an indemnified party, then the indemnifying party shall contribute to the amount paid or payable by the indemnified party as a result of the Loss in such
proportion as is appropriate to reflect the relative fault of the indemnifying party and the indemnified party, and the relative benefits received by the indemnifying party and the indemnified party, as well as any other relevant equitable
considerations. No indemnified party guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any indemnifying party who was not guilty of such

  
 17 

 
fraudulent misrepresentation. The relative fault of the indemnifying party on the one hand and of the indemnified party on the other shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party, and by such party’s relative
intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. Notwithstanding the provisions of this Section, Stockholder shall not be required to contribute an amount greater than the net proceeds (after
deducting Selling Expenses) received by Stockholder from sales of Registrable Securities pursuant to the registration statement to which the claims relate. 

Section 8. Covenants Relating To Rule 144. With a view to making available to Stockholder the benefits of
Rule 144 and any other similar rule or regulation of the SEC that may at any time permit Stockholder to sell securities of the Company to the public without registration, the Company covenants that for so long as it is subject to Section 13 or
15(d) of the Exchange Act, it shall use its reasonable efforts to file in a timely manner all reports required to be filed by it under the Exchange Act and to comply with the requirements of Rule 144(c), as it may be amended from time to time (or
any similar rule or regulation hereafter adopted by the SEC), regarding the availability of current public information to the extent required to enable Stockholder to sell Registrable Securities without registration under the Securities Act pursuant
to the resale provisions of Rule 144 (or any similar rule or regulation). Upon the request of the Stockholder, the Company will promptly deliver to Stockholder a written statement as to whether it has complied with such requirements and, upon
Stockholder’s compliance with the applicable provisions of Rule 144 and its delivery of such documents and certificates as the Company’s transfer agent may reasonably request in connection therewith, will take such reasonable action as may
be required (including using its reasonable efforts to cause legal counsel to issue an appropriate opinion) to cause its transfer agent to effectuate any transfer of Registrable Securities properly requested by Stockholder, in accordance with the
terms and conditions of Rule 144.  
 Section 9. Miscellaneous. 

(a) Termination; Survival. The rights of Stockholder under this Agreement shall terminate on the date that all of
the Registrable Securities held by Stockholder cease to be Registrable Securities. Notwithstanding the foregoing, the obligations of the parties under Section 5(c), Section 7 and this Section 9 shall survive the termination of this
Agreement. 
 (b) Governing Law. This Agreement and any dispute, controversy or claim, whether sounding in contract or
tort, arising out of or relating to this Agreement, shall be governed by and construed in accordance with the Laws of the State of New York without regard to its principles of conflict of laws that could mandate the application of the laws of
another jurisdiction. 
 (c) Consent to Jurisdiction; Venue. Each party hereto irrevocably submits to the exclusive
jurisdiction of the Courts of the State of New York or, in the event that exclusive jurisdiction is vested with regard to any claim in the federal courts, any federal or state court sitting in the Borough of Manhattan in the City, County and State
of New York (any such court, a “New York Court”), for the purposes of any suit, action or other proceeding arising out of this Agreement or any transaction contemplated hereby. Each party irrevocably and unconditionally

  
 18 

 
waives any objection to the laying of venue of any action, suit or proceeding arising out of this Agreement or the transactions contemplated hereby in a New York Court, and hereby and thereby
further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum. 

(d) Waiver of Jury Trial. Each of Stockholder and the Company hereby irrevocably and unconditionally waives to the
fullest extent permitted by law any right such party may have to a trial by jury in respect of any action, claim or proceeding directly or indirectly arising out of or relating to this Agreement or the transactions contemplated by this Agreement.

 (e) Entire Agreement. This Agreement constitutes the entire agreement between the parties with respect to the
subject matter contained herein, and it supersedes all prior and contemporaneous agreements, representations and understandings of the parties, express or implied, oral or written. 

(f) Amendments and Waivers. The provisions of this Agreement may be amended or waived at any time only by written
agreement signed by the Company and Stockholder. 
 (g) Assignment. Except as set forth herein, the rights and
obligations of each party under this Agreement shall not be assignable by such party (except by operation of law) without the prior, express written consent of the other parties hereto. 

(h) Binding Effect. This Agreement shall be binding upon, and inure to the benefit of, the legal representatives, heirs,
successors and permitted assigns of the respective parties. 
 (i) Expenses. All Registration Expenses incurred in
connection with any registration statement under this Agreement shall be borne by the Company. All Selling Expenses associated with the sale of Registrable Securities shall be borne by Stockholder. The obligation of the Company to bear all
Registration Expenses shall apply irrespective of whether a registration statement becomes effective, is withdrawn or suspended, or converted to any other form of registration and irrespective of when any of the foregoing shall occur. 

(j) Counterparts. This Agreement may be executed in one or more counterparts (including by facsimile and electronic
transmission), all of which shall be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by each of the parties to this Agreement. Electronic or facsimile signatures shall be deemed to be
original signatures. 
 (k) Severability. The parties agree that if any part, term or provision of this Agreement
shall be found invalid, illegal or unenforceable in any respect by any court of law of competent jurisdiction, the remaining provisions shall be severable, valid and enforceable in accordance with their terms, and any such invalidity, illegality or
unenforceability in any jurisdiction shall not invalidate or render illegal or unenforceable such provision in any other jurisdiction. 

  
 19 

 (l) Notices. Notice from a party to another party hereto relating to this
Agreement shall be deemed effective if made in writing and delivered to the recipient’s address or facsimile number set forth below by any of the following means: (i) hand delivery, (ii) registered or certified mail, postage prepaid,
with return receipt requested, (iii) any nationally recognized overnight courier service that provides proof of delivery, or (iv) email with a confirmation and followed by regular mail or overnight courier service delivery of a copy
thereof. Notice made in accordance with this paragraph shall be deemed delivered on receipt if delivered by hand, upon confirmation of receipt of email (other than automatic read receipts), on the third Business Day after mailing if mailed by
registered or certified mail, or the next Business Day after deposit with an overnight courier service if delivered for next day delivery. 

If to the Stockholder, as follows: 
  

	To:	 c/o Goldman Sachs & Co. 

Merchant Banking Division 

6011 Connection Drive 

Irving, TX 75039 

Attention: Caroline Moore 

Email: caroline.moore@gs.com 

With a copy (which shall not constitute notice) to: 

Sullivan & Cromwell LLP 

125 Broad Street 

New York, NY 10004 

Attn: Anthony J. Colletta 

Email: collettaa@sullcrom.com 

If to the Company, as follows: 
  

	To:	 Golden Entertainment, Inc. 

6595 S Jones Blvd 

Las Vegas, NV 89118 

Attn: General Counsel 

Email: SHiggins@goldenent.com 

With a copy to: 

Barry M. Clarkson 

Latham & Watkins LLP 

12670 High Bluff Drive 

San Diego, CA 92130 

Email: barry.clarkson@lw.com 

Any party may, from time to time, by written notice to the other parties, designate a different address, which shall be
substituted for the one specified above for such party. 

  
 20 

 (m) Specific Performance. The parties agree that irreparable damage may
occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. Accordingly, the parties shall be entitled to seek an injunction or injunctions to prevent
breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement, in addition to any other remedy to which they are entitled at law or in equity. 

(n) No Waiver. No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a
waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of
any rights or remedies provided by law. 
 [Signature Page Follows] 

  
 21 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as
of the date first written above. 
  

			
	COMPANY:
	
	GOLDEN ENTERTAINMENT, INC.
		
	By:	 	/s/ Charles H. Protell
	Name:	 	Charles H. Protell
	Title:	 	Executive Vice President, Chief Strategy Officer and Chief Financial Officer

 [Signature Page to Registration Rights Agreement] 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as
of the date first written above. 
  

							
	STOCKHOLDER:
	
	W2007/ACEP HOLDINGS, LLC
			
	By:	 		 	Whitehall Street Global Real Estate Limited Partnership 2007
			
		 	By:	 	WH Advisors, L.L.C. 2007
				
		 		 	By:    	 	/s/ Peter Weidman
		 		 	Name: Peter Weidman
		 		 	Title: Vice President

 [Signature Page — Registration Rights Agreement]EX-10.2

 Exhibit 10.2 

STOCKHOLDERS AGREEMENT 

This Stockholders Agreement (this “Agreement”), dated as of October 20, 2017, is entered into between
Golden Entertainment, Inc., a Minnesota corporation (the “Company”), and W2007/ACEP Holdings, LLC, a Delaware limited liability company (the “Stockholder”). The Stockholder and the Company are each a
“Party” and collectively the “Parties”. 
 WHEREAS, the Stockholder and an affiliate of
stockholder (“Voteco”) owned all of the issued and outstanding membership interests of American Casino & Entertainment Properties, LLC, a Delaware limited liability company (“ACEP”); 

WHEREAS, the Stockholder, Voteco and the Company entered into a Membership Interest Purchase Agreement, dated as of
June 10, 2017 (the “MIPA”), pursuant to which (and subject to the terms and subject to the conditions thereof), the Company purchased all of the issued and outstanding membership interests of ACEP; and 

WHEREAS this Agreement was an integral part of the Stockholder’s and the Company’s willingness to enter into the
MIPA. 
 NOW, THEREFORE, in consideration of the premises, representations, warranties, covenants and agreements contained
herein, and subject to the conditions set forth herein, the Parties agree as follows: 
 1. Board Observer. 

(a) Subject to the Stockholder’s and each WH Observer’s execution and delivery of a confidentiality agreement in form
and substance reasonably acceptable to the Company and the Stockholder, effective as of the day following the Closing until such time as the Stockholder Total Share Ownership (as defined below) is less than five percent (5%) of the total number
of shares of Buyer Common Stock (as defined in the MIPA) issued and outstanding (excluding, for the purposes of such calculation, those shares of Buyer Common Stock held by the Company or its subsidiaries) (the “Threshold Amount”),
the Board of Directors of the Company (the “Board”) shall permit such Person as the Stockholder may designate from time to time in writing to the Company (the “WH Observer”) to attend all meetings of the Board
(including telephonic meetings) and any committee thereof in a nonvoting observer capacity. In connection therewith, the Board or the Company shall give the WH Observer copies of all notices, minutes, consents, and other materials that it provides
to members of the Board or any committee thereof substantially concurrently therewith. Notwithstanding the foregoing, the Company may withhold any information and exclude the WH Observer from any such meeting or portion thereof, including closed
and/or executive sessions, if the Board determines in good faith that such exclusion is reasonably necessary to preserve the attorney-client privilege or under circumstances that present an actual or potential conflict of interest. For the avoidance
of doubt, the designation of the WH Observer is a right, and not an obligation, of the Stockholder. 
 (i)
“Stockholder Total Share Ownership” means, as of any applicable date hereunder, the total number of shares of Buyer Common Stock beneficially owned (as defined below) by the Stockholder; and 

 (ii) “beneficially own” (including its correlative meanings,
“beneficial owner” and “beneficial ownership”) has the meaning set forth in Rule 13d-3 promulgated under the Exchange Act; provided, however, that, notwithstanding anything in Rule 13d-3(d)(1)(i) to the contrary, the
determination of “beneficial ownership” of a Person shall be made after giving effect to the conversion of all options, warrants, rights and convertible or other similar securities outstanding as of any date in question that are held by
such Person, irrespective of any vesting period of any such security. 
 (b) Notwithstanding any provision of this Agreement
to the contrary, in no event shall the Stockholder have any right to designate any WH Observer (i) to the extent such designation is not permitted by applicable Law (including any Gaming Law) or Governmental Entity (including any Gaming
Authority) or (ii) if any Permits required for such designation have not been obtained by the Stockholder and remain in full force and effect as of the time of such designation. 

2. Transfer Restrictions. 

(a) For a period of ninety (90) days after the date hereof (the “Restricted Period”), the Stockholder
shall not, directly or indirectly, by operation of Law, contract or otherwise, (i) sell, contract to sell, give, assign, hypothecate, pledge, encumber, grant a security interest in, offer, sell any option or contract to purchase, purchase any
option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of any economic, voting or other rights in or to any shares of Buyer Common Stock, (ii) engage in any hedging, swap, forward
contract or other similar transaction that is designed to or which reasonably could be expected to lead to or result in a sale or disposition of beneficial ownership of, or a pecuniary interest in, any shares of Buyer Common Stock, including any
short sale or any purchase, sale or grant of any right (including without limitation any put or call option) with respect to such Equity Security, or (iii) enter into a short sale of, or trade in, derivative securities representing the right to
vote or economic benefits of, any shares of Buyer Common Stock (clauses (i)-(iii), a “Transfer”), other than, in each case, pursuant to a Permitted Transfer. 

(b) “Permitted Transfer” means: 

(i) a Transfer that has been approved in advance by a majority of the disinterested members of the Board or a duly-authorized
committee thereof; 
 (ii) a Transfer in connection with any acquisition (whether direct or indirect, including by way of
merger, share exchange, consolidation, business combination, tender offer, exchange offer or other similar transaction) (an “Acquisition”) that would result in any Person beneficially owning more than fifty percent (50%) of the
total outstanding shares of Buyer Common Stock approved by the Board or a duly-authorized committee thereof (including if the Board or such committee (A) recommends that the Company’s stockholders tender in response to a tender or exchange
offer or (B) does not recommend that the Company’s stockholders reject any such tender or exchange offer within the ten (10) business day period specified in Rule 14e-2(a) under the Exchange Act); 

(iii) a Transfer that constitutes a tender into a tender or exchange offer 

  
 -2- 

 
commenced by the Company; 
 (iv) a Transfer of any direct or indirect
interest in the Stockholder, where Control of the Stockholder continues to be held, directly or indirectly, by The Goldman Sachs Group, Inc. or its Affiliates; 

(v) a Transfer pursuant to an underwritten public offering conducted by the Company and in which Stockholder includes shares of
Buyer Common Stock in such offering pursuant to Section 4 of the Registration Rights Agreement; or 
 (vi) any Transfer
if any Gaming Authority has notified the Stockholder that the Stockholder or its Affiliates will not qualify as an institutional investor under applicable Gaming Laws and in order to hold the shares of the Buyer Common Stock it must be licensed and
that if Stockholder does not choose to submit requisite applications for licensing that the Stockholder must dispose, or commence the disposal of, its shares of Buyer Common Stock and such notification does not expressly permit the Stockholder to
delay such disposition until the end of the Restricted Period (provided, that the Stockholder will request that the Gaming Authority defer the requirement for such disposals until the end of the Restricted Period; and provided further,
that any such Transfers shall be subject to Sections 2(c)-(g)). 
 (c) Following the Restricted Period, the Stockholder shall
be free to Transfer any shares of Buyer Common Stock; provided, that (i) with respect to any Transfer, other than a Permitted Transfer (except a Permitted Transfer pursuant to Section 2(b)(vi)), a Transfer pursuant to Rule 144, an
underwritten public offering or an underwritten block trade, the Stockholder shall not, directly or indirectly, Transfer any shares of Buyer Common Stock to (A) any Person actually known to the Stockholder, or its Affiliates and Representatives
acting on its behalf, to be a Restricted Entity or (B) any Person or Group (as defined under Section 13(d)(3) of the Exchange Act and Rule 13d-5 thereunder) actually known to the Stockholder or its Affiliate or Representative acting on its
behalf (or to the broker in an ordinary course brokerage transaction) to be a Person or Group that is the beneficial owner of ten percent (10%) or more of the total outstanding shares of Buyer Common Stock or would become the beneficial owner
of ten percent (10%) or more of the total outstanding shares of Buyer Common Stock as a result of the Transfer (a “Significant Stockholder”), and (ii) with respect to any Transfer, other than a Permitted Transfer (except a
Permitted Transfer pursuant to Section 2(b)(vi)), that is an underwritten public offering or an underwritten block trade, the Stockholder shall instruct the managing underwriter(s) or broker(s) not to Transfer any shares of Buyer Common Stock
to any Person that is (as evidenced by the filing of a Schedule 13D or Schedule 13G as of the date of such instruction) or would become a Significant Stockholder (unless, in each case, the identity of the Person purchasing the shares of Buyer Common
Stock is not known to the managing underwriter(s) or broker(s) and provided further that the underwriter would not be required to carry out more than its customary diligence on any purchaser to determine whether they would become a Significant
Stockholder as a result of such acquisition). For clarity, if an instruction is given by Stockholder pursuant to the prior sentence, Stockholder will have no liability pursuant to this Agreement for any failure of the underwriter(s) or broker(s) to
comply with such instruction or for any placement by the underwriter(s) or broker(s) of any shares of Buyer Common Stock with such Significant Stockholders. For purposes of this Section 2(c), the total

  
 -3- 

 
number of shares of Buyer Common Stock outstanding at any time shall be the number specified in the most recent SEC filing of the Company disclosing the total number of shares of Buyer Common
Stock outstanding. 
 (d) Following the Restricted Period, but subject to Sections 2(c)-(g) and
Section 3, the Stockholder shall be free to Transfer any shares of Buyer Common Stock, and Section 2(a) will be null and void and have no further force or effect. 

(e) Any Transfer or attempted Transfer of shares of Buyer Common Stock in violation of this Section 2 shall, to the
fullest extent permitted by applicable Law, be null and void ab initio, and the Company shall not, and shall instruct its transfer agent and other third parties not to, record or recognize any such purported transaction on the books of the
Company. 
 (f) Any certificates for shares of Buyer Common Stock held by the Stockholder shall bear a legend or legends (and
appropriate comparable notations or other arrangements will be made with respect to shares maintained in the form of book entries) referencing restrictions on transfer of such shares under the Securities Act and under this Agreement which legend
shall state in substance: 
 “THESE SECURITIES AND THE SECURITIES ISSUABLE UPON THE EXCHANGE THEREOF HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. THE SECURITIES MAY NOT BE OFFERED, SOLD, PLEDGED, TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT
(1) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OR (2) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT RELATING TO SUCH SECURITIES UNDER THE SECURITIES ACT, IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE STATE
SECURITIES LAWS AND THE SECURITIES LAWS OF OTHER JURISDICTIONS. 
 THESE SECURITIES ARE SUBJECT TO TRANSFER AND OTHER
RESTRICTIONS SET FORTH IN THE STOCKHOLDERS AGREEMENT, DATED AS OF OCTOBER 20, 2017, BETWEEN GOLDEN ENTERTAINMENT, INC. AND W2007/ACEP HOLDINGS, LLC, A DELAWARE LIMITED LIABILITY COMPANY, AS AMENDED FROM TIME TO TIME, COPIES OF WHICH ARE ON FILE WITH
THE SECRETARY OF THE COMPANY.” 
 Notwithstanding the foregoing, upon the request of the Stockholder, (i) in
connection with any Transfer of shares of Buyer Common Stock Transferred after the Restricted Period (including in a public offering pursuant to the Registration Rights Agreement), the Company shall promptly cause the first and second paragraphs of
the legend (or notation) to be removed upon such Transfer if such restrictions would not be applicable following such Transfer, (ii) following receipt by the Company of an opinion of counsel reasonably satisfactory to the Company to the effect
that such legend (or notation) may be lifted in connection with the Transfer of shares of Buyer Common Stock, the Company shall promptly cause the first paragraph of the legend (or notation) to be removed from any shares of Buyer Common Stock to be
Transferred in accordance with the terms of this Agreement, and (iii) to the extent the first and 

  
 -4- 

 
second paragraphs of the legend (or notation) would be removed pursuant to this paragraph in connection with any Transfer of shares of Buyer Common Stock, the Company shall use its reasonable
best efforts to cause such shares of Buyer Common Stock to be registered in the name of The Depository Trust Company’s nominee. 

(g) Any Transfers of Buyer Common Stock by Stockholder (including Permitted Transfers) shall be subject to all mandatory
Gaming-related Laws and Permits (relating to the Transfer of the Buyer Common Stock) applicable to the Stockholder, the transferee, or the Company in those jurisdictions in which the Company or its Subsidiaries then conduct Gaming Activities. 

3. Standstill. 

(a) Subject to Section 3(b), the Stockholder and the Core Deal Team (as defined below) shall not, in any manner,
directly or indirectly, without the prior written request by, consent of, or waiver by, the Company: 
 (i) effect, agree,
seek or make any proposal or offer with respect to, or announce any intention with respect to or cause or participate in or in any way assist, facilitate or encourage any other Person to effect or seek, (A) any acquisition of any Equity
Securities of the Company (or beneficial ownership thereof), or any material assets, indebtedness or businesses of the Company or any of its Subsidiaries; provided, that the Stockholder shall not be in breach of this
Section 3(a)(i)(A) as a result of the acquisition by the Stockholder of any Equity Securities of the Company pursuant to any issuance of Equity Securities of the Company by the Company pursuant to any stock split or other exchange of
Buyer Common Stock in which Stockholder is eligible to participate; (B) any tender or exchange offer, merger or other business combination involving the Company or any of its Subsidiaries or assets of the Company or any of its Subsidiaries
constituting a significant portion of the consolidated assets of the Company and its Subsidiaries; (C) any recapitalization, restructuring, liquidation, dissolution, change of control or other extraordinary transaction with respect to the
Company or any of its Subsidiaries; or (D) any “solicitation” of “proxies” (as such terms are used in the proxy rules of the SEC promulgated pursuant to Section 14 of the Exchange Act) to vote any Equity Securities of
the Company; 
 (ii) seek election to, or seek to place a representative on, the Board or removal of any member of the Board
or otherwise act, alone or in concert with others, to seek representation or to control or influence the management, the Board or policies of the Company; 

(iii) form, join or in any way participate in a Group (within the meaning of Section 13(D)(3) of the Securities Exchange
Act of 1934, as amended) with respect to Equity Securities of the Company (other than a Group with The Goldman Sachs Group, Inc. and/or its Affiliates); 

(iv) take any action that the Stockholder knows, or would reasonably be expected to know, after consultation with outside legal
counsel, would require the Company to make a public announcement regarding any of the types of matters set forth in clause (i) above; or 

  
 -5- 

 (v) contest the validity of this Section 3(a) or initiate or
participate in any judicial proceeding to amend, waive, terminate or seek a release of the restrictions contained herein. 

(b) Notwithstanding anything to the contrary in Section 3(a): 

(i) the Stockholder shall not be prohibited or restricted from initiating and engaging in private discussions with, and/or
making and submitting to, the Company and/or the Board any non-public, confidential proposal so long as the Stockholder does not know, and would not be reasonably expected to know, after consultation with outside legal counsel, that such actions
would be reasonably likely to require the Stockholder, the Company or any other Person to make a public announcement regarding such proposal; and 

(ii) nothing contained in Section 3(a) shall in any way restrict or prohibit any activities (including without
limitation activities such as engaging in brokerage, investment advisory, financial advisory, anti-raid advisory, merger advisory, financing, asset management, trading, market making, arbitrage, investing activity and other similar activities or any
other activities conducted in the ordinary course of business) by The Goldman Sachs Group, Inc. or its Affiliates or its or their Representatives, (other than Stockholder, the Core Deal Team and any Person acting at their express direction)
(collectively, “Wider GS”), or require Wider GS to take any action (including procuring any restriction on any person) (and, for the avoidance of doubt, any action or inaction by Wider GS shall not result in the breach of this
Agreement by the Stockholder). 
 (c) “Core Deal Team” means only the investment professionals in the
Merchant Banking Division of Goldman Sachs who are involved in managing Stockholder’s investment in Buyer Common Stock and expressly excludes (i) personnel in Stockholder’s (or its Affiliates’) compliance, legal, conflicts
clearance, credit, information technology, controllers and risk management departments and clerical personnel, (ii) Stockholder’s (or its Affiliates’) “above the wall” senior management, and (iii) members of
Stockholder’s (or its Affiliates’) internal committees and other persons with risk management, compliance and/or supervisory responsibilities. 

4. Representations and Warranties. 

(a) The Company represents and warrants to the Stockholder that (i) the Company has the corporate power and authority to
execute this Agreement and to bind it thereto, (ii) this Agreement has been duly and validly authorized, executed and delivered by the Company, and, assuming this Agreement is duly and validly executed and delivered by the Stockholder,
constitutes a valid and binding obligation and agreement of the Company, enforceable against the Company in accordance with its terms, except as enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium,
fraudulent conveyance or similar laws generally affecting the rights of creditors and subject to general equity principles and (iii) the execution, delivery and performance of this Agreement by the Company does not and will not (A) violate
or conflict with any law, rule, regulation, order, judgment or decree applicable to the Company, or (B) result in any breach or violation of or constitute a default (or an event which with notice or lapse of time or both could constitute such a
breach, violation or default) 

  
 -6- 

 
under or pursuant to, or result in the loss of a material benefit under, or give any right of termination, amendment, acceleration or cancellation of, any organizational document, agreement,
contract, commitment, understanding or arrangement to which the Company is a party or by which it is bound. 
 (b) The
Stockholder represents and warrants to the Company that (i) the Stockholder has the limited liability company power and authority to execute this Agreement and to bind it thereto, (ii) this Agreement has been duly and validly authorized,
executed and delivered by the Stockholder, and, assuming this Agreement is duly and validly executed and delivered by the Company, constitutes a valid and binding obligation and agreement of the Stockholder, enforceable against the Stockholder in
accordance with its terms, except as enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or similar laws generally affecting the rights of creditors and subject to general equity
principles and (iii) the execution, delivery and performance of this Agreement by the Stockholder does not and will not (A) violate or conflict with any law, rule, regulation, order, judgment or decree applicable to the Stockholder or
(B) result in any breach or violation of or constitute a default (or an event which with notice or lapse of time or both could constitute such a breach, violation or default) under or pursuant to, or result in the loss of a material benefit
under, or give any right of termination, amendment, acceleration or cancellation of, any organizational document, agreement, contract, commitment, understanding or arrangement to which the Stockholder is a party or by which it is bound. 

5. Corporate Opportunities. Notwithstanding anything in this Agreement to the contrary and to the fullest extent
permitted by applicable Law, the Company, on behalf of itself and its Subsidiaries, waives and renounces any right, interest, or expectancy of the Company and/or its Subsidiaries in, or being offered an opportunity to participate in, business
opportunities that are from time to time presented to or business opportunities of which the Stockholder or any of its Representatives, shareholders, members, partners, Affiliates and Subsidiaries (each as “Specified Party”) gain
knowledge, even if that opportunity is competitive with the business of the Company or its Subsidiaries or one that the Company or its Subsidiaries might reasonably be deemed to have pursued or had the ability or desire to pursue if granted the
opportunity to do so and each Specified Party shall have no duty (statutory, fiduciary, contract or otherwise) to communicate or offer such business opportunity to the Company and, to the fullest extent permitted by applicable Law, shall not be
liable to the Company or any of its Subsidiaries for breach of any statutory, fiduciary, contractual or other duty, as a director or otherwise, by reason of the fact that such Specified Party pursues or acquires such business opportunity, directs
such business opportunity to another person or fails to present or communicate such business opportunity, or information regarding such business opportunity, to the Company or its Subsidiaries. 

6. Termination. This Agreement (including, but not limited to, Section 3(a)) shall terminate on the first
date on which the Stockholder Total Share Ownership is less than the Threshold Amount. 
 7. Further Assurance. Each
Party shall sign such further documents, cause such meetings to be held, resolutions passed, exercise its votes and do and perform and cause to be 

  
 -7- 

 
done such further acts and things as may be necessary in order to give full effect to this Agreement. 

8. Specific Performance. The Parties agree that irreparable damage for which monetary damages, even if available, may
not be an adequate remedy, would occur in the event that the Parties do not perform the provisions of this Agreement in accordance with its specified terms or otherwise breach such provisions. The Parties acknowledge and agree that the Parties shall
be entitled to an injunction, specific performance and other equitable relief to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof, this being in addition to any other remedy to which they are entitled at
law or in equity. Any Party seeking an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement shall not be required to provide any bond or other security in connection
with any such order or injunction. Each Party acknowledges and agrees that the rights to an injunction, specific performance or other equitable remedy contemplated herein are an integral part of the transactions contemplated by this Agreement and
without such right, neither of the Parties would have entered into this Agreement. 
 9. Expenses; Liability. Each
Party shall be responsible for its own fees and expenses incurred in connection with the negotiation, execution and performance of this Agreement and the transactions contemplated hereby, including, but not limited to, any matters related to any
regular or special meeting of the Company. 
 10. Severability. The provisions of this Agreement shall be deemed
severable and the invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions hereof. If any provision of this Agreement, or the application thereof to any Person or any circumstance, is
invalid or unenforceable, (a) a suitable and equitable provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision and (b) the
remainder of this Agreement and the application of such provision to other Persons or circumstances shall not be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of
such provision, or the application thereof, in any other jurisdiction. 
 11. Notices. All notices, requests,
instructions or other documents to be given hereunder by either Party to the other shall be in writing and delivered personally or sent by registered or certified mail, postage prepaid, by email or overnight courier: 

If to the Company: 

Golden Entertainment, Inc. 

6595 S. Jones Boulevard 

Las Vegas, Nevada 89118 

Attention: Charles Protell 

Email: Cprotell@goldenent.com 

with a copy to: 

  
 -8- 

 Latham & Watkins LLP 

12670 High Bluff Drive 

San Diego, CA 92130 

Attention: Barry M. Clarkson 

Email: barry.clarkson@lw.com 

If to the Stockholder: 

Goldman Sachs & Co. LLC 

Merchant Banking Division 

6011 Connection Drive 

Irving, TX 75039. 

Attention: Caroline Moore 

Email: caroline.moore@gs.com 

with a copy to: 

Sullivan & Cromwell LLP 

125 Broad Street 

New York, NY 10004 

Attention: Anthony J. Colletta 

Email: collettaa@sullcrom.com 

or to such other persons or addresses as may be designated in writing by the Party to receive such notice as provided above. Any notice,
request, instruction or other document given as provided above shall be deemed given to the receiving Party upon actual receipt, if delivered personally; three business days after deposit in the mail, if sent by registered or certified mail; upon
confirmation of successful transmission, if sent by email (provided, that, if given by email such notice, request, instruction or other document shall be followed up within one business day by dispatch pursuant to one of the other methods
described herein); or on the next business day after deposit with an overnight courier, if sent by an overnight courier. 

12. Governing Law and Venue. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO ANY CONFLICT-OF-LAWS RULE OR PRINCIPLE THEREOF (OTHER THAN NEW YORK GENERAL OBLIGATIONS LAW SECTIONS 5-1401 AND 5-1402). Each Party hereto agrees that it shall bring any action or proceeding in respect of any claim
arising out of, or related to, this Agreement exclusively in the United States District Court for the Southern District of New York or any New York State court sitting in the Borough of Manhattan, of the City of New York, solely in respect of the
interpretation and enforcement of the provisions of (and any claim or cause of action arising under or relating to) this Agreement, and in respect of the transactions contemplated hereby, and hereby waive, and agree not to assert, as a defense in
any action, suit or proceeding for the interpretation or enforcement hereof or of any such document, that it is not subject thereto or that such action, suit or proceeding may not be brought or is not maintainable in said courts or that the venue
thereof may not be appropriate or that this Agreement or any such document may not be enforced in or 

  
 -9- 

 
by such courts, and the Parties irrevocably agree that all claims relating to such action, proceeding or transactions shall be heard and determined in such courts. Each Party expressly
acknowledges that the foregoing waiver is intended to be irrevocable under the Laws of the State of New York and of the United States of America; provided, that, each such Party’s consent to jurisdiction and service contained in this
Section 12 is solely for the purpose referred to in this Section 12 and shall not be deemed to be a general submission to said courts or in the State of New York other than for such purpose. The Parties hereby consent to and
grant any such court jurisdiction over the person of such Parties and, to the extent permitted by Law, over the subject matter of such dispute and agree that mailing of process or other papers in connection with any such action or proceeding in the
manner provided in Section 11 or in such other manner as may be permitted by Law shall be valid and sufficient service thereof. 

13. WAIVER OF JURY TRIAL. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT
IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TO THE FULLEST EXTENT PERMITTED BY LAW ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY ACTION OR
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY HEREBY CERTIFIES AND ACKNOWLEDGES THAT (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION OR PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER, (II) EACH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER,
(III) EACH PARTY MAKES THIS WAIVER VOLUNTARILY AND (IV) EACH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS CONTAINED IN
THIS SECTION 13. 
 14. Counterparts; Headings. This Agreement may be executed in two or more
counterparts, each of which shall be considered one and the same agreement and shall become effective when counterparts have been signed by each of the Parties and delivered to the other Party (including by means of electronic delivery or
facsimile). The section headings contained in this Agreement are inserted for convenience of reference only and will not affect the meaning or interpretation of this Agreement. 

  
 -10- 

 15. Entire Agreement; Amendment and Waiver; Successors and Assigns; Third Party Beneficiaries;
Defined Terms. 
 (a) This Agreement, the MIPA (including any exhibits and schedules thereto and the Disclosure Letters)
and the documents, instruments and other agreements among the Parties contemplated hereby or thereby or referred to herein or therein, including each Transaction Agreement, constitute the entire agreement of the Parties with respect to the subject
matter of this Agreement, and supersede all prior agreements, understandings, representations and warranties, both written and oral, among the Parties, with respect to the subject matter hereof. 

(b) No modifications of this Agreement can be made except in writing signed by an authorized representative of each of the
Stockholder and the Company. No failure on the part of any Party to exercise, and no delay in exercising, any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of such right, power or remedy
by such Party preclude any other or further exercise thereof or the exercise of any other right, power or remedy. Time is of the essence in the performance of this Agreement. All remedies hereunder are cumulative and are not exclusive of any other
remedies provided by law. 
 (c) The terms and conditions of this Agreement shall be binding upon, inure to the benefit of,
and be enforceable by the Parties hereto and their respective successors, heirs, executors, legal representatives, and permitted assigns. No Party shall assign this Agreement or any rights or obligations hereunder without, with respect to the
Stockholder, the prior written consent of the Company, and with respect to the Company, the prior written consent of the Stockholder; provided, that the Stockholder may assign (without the prior written consent of the Company) its rights
pursuant to this Agreement to any of its Affiliates that becomes a holder of all, but not less than all, of the shares of Buyer Common Stock held by the Stockholder at the time of such assignment. This Agreement is solely for the benefit of the
Parties hereto and is not enforceable by any other Persons. 
 (d) Capitalized terms used herein but not defined herein will
have the meanings given to them in the MIPA. 
 16. Interpretation. Each of the Parties acknowledges that it has been
represented by counsel of its choice throughout all negotiations that have preceded the execution of this Agreement, and that it has executed this Agreement with the advice of such counsel. Each Party and its counsel cooperated and participated in
the drafting and preparation of this Agreement, and any and all drafts relating thereto exchanged among the Parties shall be deemed the work product of all of the Parties and may not be construed against any Party by reason of its drafting or
preparation. Accordingly, any rule of law or any legal decision that would require interpretation of any ambiguities in this Agreement against any Party that drafted or prepared it is of no application and is hereby expressly waived by each of the
Parties, and any controversy over interpretations of this Agreement shall be decided without regard to events of drafting or preparation. 

[Remainder of page intentionally left blank] 

  
 -11- 

 IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the
duly authorized signatories of the Parties as of the date hereof. 
  

							
	W2007/ACEP HOLDINGS, LLC
		
	By:	 	Whitehall Street Global Real Estate Limited Partnership 2007
			
		 	By:	 	WH Advisors, L.L.C. 2007
				
		 		 	By:	 	/s/ Peter Weidman
		 		 		 	Name: Peter Weidman
		 		 		 	Title: Vice President

 [Signature Page — Stockholders Agreement] 

 IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the
duly authorized signatories of the Parties as of the date hereof. 
  

			
	GOLDEN ENTERTAINMENT, INC.
		
	By:	 	/s/ Charles H. Protell
		 	Name: Charles H. Protell
		 	 Title:  Executive Vice President, Chief Strategy Officer and Chief Financial
Officer

 [Signature Page — Stockholders Agreement]

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