Document:

Exhibit 10.30

 EXHIBIT 10.30 
  

  
 MANAGEMENT AGREEMENT 
  
 between 

 
 The Cowlitz Indian Tribe 
  
 and 
  
 Salishan-Mohegan, LLC 
  
 Dated as of September 21, 2004 
  
  

 TABLE OF CONTENTS 
  

							
	1.         Recitals.	  	1
		
	2.         Definitions.	  	1
		
	3.         Covenants and Operating Board.	  	8
				
	 	  	Section 3.1	  	Engagement of Manager.	  	9
	 	  	Section 3.2	  	Term.	  	9
	 	  	Section 3.3	  	Access to Property.	  	9
	 	  	Section 3.4	  	Creation and Operation of Operations Board.	  	9
	 	  	Section 3.5	  	Manager Compliance with Law.	  	11
	 	  	Section 3.6	  	Amendments to Tribal Gaming Ordinance.	  	11
	 	  	Section 3.7	  	Tribe’s Compliance with Law.	  	11
	 	  	Section 3.8	  	Fire and Safety.	  	11
	 	  	Section 3.9	  	Compliance with the National Environmental Policy Act	  	12
	 	  	Section 3.10	  	Satisfaction of Approval Date Requirements.	  	12
	 	  	Section 3.11	  	Commencement Date.	  	12
	 	  	Section 3.12	  	All Gaming in Compliance with IGRA.	  	12
	 	  	Section 3.13	  	Best Efforts; Covenant of Goof Faith and Fair Dealing.	  	12
	 	  	Section 3.14	  	Financing Agreements.	  	12
	 	  	Section 3.15	  	Licensing of Manager by Tribal Gaming Authority.	  	12
		
	4.         Business and Affairs in Connection with Enterprise.	  	12
	 	  	Section 4. 1	  	Manager’s Authority and Responsibility	  	12
	 	  	Section 4.2	  	Duties of Manager.	  	13
	 	  	Section 4.3	  	Security.	  	15
	 	  	Section 4.4	  	Damage, Condemnation or Impossibility of the Enterprise	  	15
	 	  	Section 4.5	  	Alcoholic Beverages and Tobacco Sales.	  	15
	 	  	Section 4.6	  	Employees.	  	16
	 	  	Section 4.7	  	Marketing.	  	18
	 	  	Section 4.8	  	Additional Land.	  	18
	 	  	Section 4.9	  	Pre-Opening.	  	18
	 	  	Section 4.10	  	Operating Capital.	  	19
	 	  	Section 4.11	  	Annual Business Plan, Annual Operating Budget and Annual Capital Budget.	  	19
	 	  	Section 4.12	  	Adjustments to Annual Business Plan, Annual Operating Budget and Annual Capital Budget.	  	20
	 	  	Section 4.13	  	Capital Replacements.	  	20
	 	  	Section 4.14	  	Capital Replacement Reserve.	  	21
	 	  	Section 4.15	  	Periodic Contributions to Capital Replacement Reserve.	  	21
	 	  	Section 4.16	  	Use and Allocation of Capital Replacement Reserve.	  	21
	 	  	Section 4.17	  	Intentionally Deleted	  	21
	 	  	Section 4.18	  	Internal Control Systems.	  	21
	 	  	Section 4.19	  	Surveillance System.	  	22
	 	  	Section 4.20	  	Banking and Bank Accounts.	  	22
	 	  	Section 4.21	  	Insurance.	  	23
	 	  	Section 4.22	  	Accounting and Books of Account.	  	23
		
	5.         Liens.	  	24
				
	 	  	Section 5.1	  	Responsibility and Warranty.	  	24
	 	  	Section 5.2	  	Exceptions.	  	24

  

 i 

							
	6.         Management Fee, Reimbursements, Disbursements, and Other Payments by Manager.	  	24
				
	 	  	Section 6.1	  	Disbursements.	  	24
	 	  	Section 6.2	  	Adjustment to Bank Account.	  	24
	 	  	Section 6.3	  	Payment of Fees and Tribe Disbursement.	  	25
	 	  	Section 6.4	  	Monthly Payments.	  	25
	 	  	Section 6.5	  	Payment of Net Revenues.	  	25
	 	  	Section 6.6	  	Management Fees.	  	25
	 	  	Section 6.7	  	Annual Statement and Adjustment of Management Fee.	  	26
	 	  	Section 6.8	  	Manager’s Compensation Cap.	  	26
		
	7.         Trade Names, Trade Marks and Service Marks.	  	26
				
	 	  	Section 7.1	  	Enterprise Name.	  	26
	 	  	Section 7.2	  	Marks.	  	26
		
	8.         Taxes.	  	28
				
	 	  	Section 8.1	  	State and Local Taxes.	  	28
	 	  	Section 8.2	  	Tribal Taxes.	  	28
		
	9.         General Provisions.	  	28
				
	 	  	Section 9.1	  	Situs of the Contracts.	  	28
	 	  	Section 9.2	  	Notice.	  	28
	 	  	Section 9.3	  	Authority to Execute and Perform Agreement.	  	29
	 	  	Section 9.4	  	Relationship.	  	29
	 	  	Section 9.5	  	Manager’s Contractual Authority.	  	29
	 	  	Section 9.6	  	Further Actions.	  	29
	 	  	Section 9.7	  	Defense.	  	29
	 	  	Section 9.8	  	Waivers.	  	29
	 	  	Section 9.9	  	Captions.	  	30
	 	  	Section 9.10	  	Severability.	  	30
	 	  	Section 9.11	  	Interest.	  	30
	 	  	Section 9.12	  	Intentionally Deleted.	  	30
	 	  	Section 9.13	  	Financing Plan.	  	30
	 	  	Section 9.14	  	Travel and Out-of-Pocket Expenses.	  	30
	 	  	Section 9.15	  	Third Party Beneficiary.	  	30
	 	  	Section 9.16	  	Brokerage.	  	30
	 	  	Section 9.17	  	Survival of Covenants.	  	31
	 	  	Section 9.18	  	Estoppel Certificate.	  	31
	 	  	Section 9.19	  	Periods of Time.	  	31
	 	  	Section 9.20	  	Preparation of Agreement.	  	31
	 	  	Section 9.21	  	Exhibits.	  	31
	 	  	Section 9.22	  	Successors and Assigns.	  	31
	 	  	Section 9.23	  	Intentionally Deleted.	  	31
	 	  	Section 9.24	  	Stay, Extension and Usury Laws.	  	31
	 	  	Section 9.25	  	Time is of the Essence.	  	31
	 	  	Section 9.26	  	Confidential Information.	  	31
	 	  	Section 9.27	  	Patron Dispute Resolution.	  	32
	 	  	Section 9.28	  	Modification.	  	32
	 	  	Section 9.29	  	Indemnification of Manager.	  	32
		
	10.         Warranties.	  	32
				
	 	  	Section 10.1	  	Definitions.	  	32
	 	  	Section 10.2	  	Noninterference in Tribal Affairs.	  	32

  

 ii 

							
	 	  	Section 10.3	  	Prohibition of Payments of Members of Tribal Council.	  	33
	 	  	Section 10.4	  	Prohibition of Hiring Members of Tribal Council.	  	33
	 	  	Section 10.5	  	Prohibition of Financial Interest in Enterprise.	  	33
	 	  	Section 10.6	  	Preservation of Agreement.	  	33
	 	  	Section 10.7	  	Ownership of the Facility.	  	33
		
	11.         Events of Default.	  	33
				
	 	  	Section 11.1	  	Events of Default by the Tribe.	  	33
	 	  	Section 11.2	  	Events of Default by Manager.	  	34
		
	12.         Grounds for Termination.	  	34
				
	 	  	Section 12.1	  	Voluntary Termination.	  	34
	 	  	Section 12.2	  	Termination upon Event of Default.	  	34
	 	  	Section 12.3	  	Actions in Addition to Termination.	  	34
	 	  	Section 12.4	  	Involuntary Termination Due to Changes in Legal Requirements Agreement.	  	35
	 	  	Section 12.5	  	Manager’s Right to Terminate Agreement.	  	36
	 	  	Section 12.6	  	Notice and Opportunity to Cure.	  	36
		
	13.         Conclusion of the Management Term.	  	36
	 	  	Section 13. 1	  	Transition.	  	36
	 	  	Section 13.2	  	Undistributed Net Revenues.	  	37
		
	14.         Consents and Approvals.	  	37
				
	 	  	Section 14.1	  	Tribe.	  	37
	 	  	Section 14.2	  	Manager.	  	37
		
	15.         Manager Disclosures.	  	37
				
	 	  	Section 15.1	  	Officers of Manager.	  	37
	 	  	Section 15.2	  	Warranties.	  	37
	 	  	Section 15.3	  	Criminal and Credit Investigation.	  	37
	 	  	Section 15.4	  	Disclosure Amendments.	  	37
	 	  	Section 15.5	  	Branch Manager’s Warranties and Agreements.	  	38
		
	16.         No Joint Venture.	  	38
		
	17.         Exclusivity and Non-Competition.	  	38
		
	18.         Limited Waiver of Sovereign Immunity; Dispute Resolution.	  	38
				
	 	  	Section 18.1	  	Limited Waiver of Sovereign Immunity.	  	38
	 	  	Section 18.2	  	Dispute Resolution.	  	39
	 	  	Section 18.3	  	Limitation of Actions.	  	40
	 	  	Section 18.4	  	Notice and Right to Cure.	  	40
	 	  	Section 18.5	  	Cooperation.	  	40
	 	  	Section 18.6	  	Performance During Disputes.	  	40
	 	  	Section 18.7	  	Tribal Court.	  	41
		
	19.         Intent to Negotiate New Agreement.	  	41
				
	 	  	Section 19.1	  	Negotiations of New Agreement.	  	41
	 	  	Section 19.2	  	Transition Plan.	  	41
		
	20.         Entire Agreement.	  	41

  

 iii 

					
	21.	  	Government Savings Clause.	  	41
			
	22.	  	Standard of Reasonableness	  	41
			
	23.	  	Execution	  	41
			
	24.	  	Non-Impairment of Contracts.	  	41
			
	25.	  	Statutes of Limitations	  	42

  
 INDEX OF EXHIBITS

  

			
	Exhibit A	  	Legal Description of Property
		
	Exhibit B	  	Dispute Resolution Procedures
		
	Exhibit C	  	Manager’s Affiliates
		
	Exhibit D	  	Manager’s Executive Officers

  

 iv 

 MANAGEMENT AGREEMENT 
  
 THIS MANAGEMENT AGREEMENT (“Agreement”) is made as of the 21st day of September, 2004, by and among the Cowlitz Indian
Tribe (the “Tribe”) and Salishan-Mohegan LLC, a Washington limited liability company (the “Manager”). 
  
 1. Recitals. 
  
 1.1 The Tribe is a federally recognized Indian tribe and intends to acquire certain property located in Clark County, Washington, which is more
particularly described in Exhibit A attached hereto (the “Property”). On or about March 2, 2004, the Tribe filed an application with the United States Department of the Interior to accept the Property into trust for the Tribe
for Gaming purposes pursuant to 25 C.F.R. Part 151 and 25 U.S.C. § 2719. 
  
 1.2 With the assistance of Manager, the Tribe intends to operate a Class II Gaming and Class III Gaming facility on the Property. Both the Tribe and the Manager intend that the Tribe, as owner, will control the
policy and operating decisions regarding the Enterprise to be developed on the Property. Both the Tribe and the Manager intend that the Manager shall make day-to-day operational and management decisions as set forth in Section 4 of this
Agreement, and shall be compensated for this service as provided in this Agreement. This Agreement sets forth the manner in which the Enterprise will be managed. 
  
 1.3 The Tribe desires to use the economic benefit to be derived from the Property to improve the economic conditions
of its members, to enable it to serve the social, economic, education and health needs of the Tribe, to increase the revenues of the Tribe and to enhance the Tribe’s economic self-sufficiency and self-determination. 
  
 1.4 The Tribe intends to conduct a Gaming enterprise pursuant to
Tribal law, the Indian Gaming Regulatory Act of 1988, and, with respect to Class III Gaming, the Compact, on the Property. The Tribe intends to negotiate and enter into a Compact with the State of Washington and to seek approval thereof by the
Secretary of the Interior and intends that Class III Gaming shall occur only as provided by the terms of the Compact, as it may be amended or superseded by subsequent compacts. 
  
 1.5 Manager has agreed to certain terms and has represented to the Tribe that it has the managerial expertise to
undertake the operation of the Enterprise on the Property and to continue to operate the Enterprise throughout the Term of this Agreement. 
  
 1.6 The Tribe is seeking technical experience and expertise for the operation of the Enterprise and instruction for members of the Tribe in the
operation of the Enterprise. Manager is willing, and has represented to the Tribe that it is able to provide such experience, expertise and instruction. 
  
 1.7 During the Term of this Agreement, the Tribe desires to grant Manager the exclusive right and obligation to manage, operate and maintain the
Enterprise and to train Tribal members and others in the operation and maintenance of the Enterprise. Manager wishes to perform these services for the Tribe. 
  
 1.8 This Agreement is entered into pursuant to the Indian Gaming Regulatory Act of 1988, PL 100-497, 25 U.S.C. § 2701 et seq. (the “
IGRA”), as that statute may be amended. All gaming conducted as part of the Enterprise will at all times comply with the IGRA, applicable Tribal law and the Compact. 

 2. Definitions. In addition to other terms which are defined elsewhere in this Agreement, the following terms, for
purposes of this Agreement, shall have the meanings set forth in this Section: 
  
 “Affiliate” shall mean as to the Manager or the Tribe, as applicable, any corporation, partnership, limited liability company, joint venture, trust or individual or other entity controlled by, under
common control with, or which controls, directly or indirectly Manager or the Tribe, as applicable. For purposes of this Agreement, the term “control” means the ability, directly or indirectly, by contract, ownership of securities or other
interests or otherwise to direct the management and policies of a person or entity. 
  
 “Agreement” shall mean this Management Agreement, as amended or modified from time to time. 
  
 “Annual Business Plan, Annual Operating Budget and Annual Capital Budget” shall mean the business plan, operating budget and capital
budget, which shall be comprised of the items described in Section 4.11. The components thereof may be separately referred to herein as the “Annual Business Plan”, the “Annual Operating Budget” or the “Annual Capital
Budget”, as applicable. 
  
 “Approval Date”
shall mean the date which is one (1) day following the date on which the last of each and all of the following listed conditions are satisfied: 
  
 (a) written approval of this Agreement is granted by the Chairman of the NIGC; 
  
 (b) written approval is granted by all entities required to give approval pursuant to Legal Requirements and the
terms of this Agreement and all agreements related to or required by this Agreement. 
  
 (c) confirmation that the Property has been taken into trust for Gaming by the United States for the benefit of the Tribe and development of the Facility is substantially completed; 
  
 (d) Manager has received a certified copy of the resolutions adopted
by the Tribe in accordance with its governing documents authorizing the execution of this Agreement and all agreements related to or required by this Agreement; 
  
 (e) receipt by Manager of all applicable Gaming licenses and permits which may be necessary to enable Manager to
fulfill its obligations to the Tribe hereunder; 
  
 (f)
legal counsel to the Tribe has addressed and delivered to the Manager a legal opinion in form and substance reasonably acceptable to Manager’s legal counsel with respect to due authorization to enter into this Agreement and the
enforceability of this Agreement against the Tribe; 
  
 (g)
Manager has received a certificate from the Chairperson of the Tribe representing that the representations of the Tribe contained in this Agreement remain true and correct and that there are no actions, suits, proceedings or investigations
pending or, to the best of the Tribe’s knowledge, threatened against the Tribe or otherwise affecting the Facility: 
  
 (h) Manager has received a certified copy of the Tribal Gaming Ordinance approved in writing by the Chair of the NIGC; and 
  
 (i) Financing is closed and funds are available to the Tribe pursuant
to the Financing Agreements in such amounts as the parties to this Agreement deem sufficient to provide for the complete development of the Project. 
  
 “Architect” shall mean the “Architect” as defined in the Development Agreement. In the event that a Design Build Contract, as
defined in the Development Agreement, is utilized for development of the Facility, the term “Architect” under this Agreement shall mean the Design Build Contractor, as defined in the Development Agreement. 

 “BIA” shall mean the Bureau of Indian Affairs under the Department of the Interior of
the United States of America. 
  
 “Capital
Replacement(s)” shall mean any alteration or rebuilding or renovation of the Facility, and any replacement of Furnishings and Equipment, the cost of which is capitalized and depreciated, rather than being expensed, applying GAAP, as
described in Section 4.13 of this Agreement. 
  
 “Capital Replacement Reserve” shall mean the reserve described in Section 4.14, into which periodic contributions are paid pursuant to Section 4.15. 
  
 “Cash Flow from Operations” means net income of the
Enterprise (before extraordinary items), plus (to the extent subtracted in such calculation of net income of the Enterprise) depreciation, amortization, all other non-cash expenses, interest expense and Management Fee, all computed in accordance
with GAAP consistently applied. 
  
 “Class II
Gaming” shall mean Class II Gaming as defined in the IGRA. 
  
 “Class III Gaming” shall mean Class III Gaming as defined in the IGRA. 
  
 “Collateral Agreements” shall mean any agreements defined to be collateral agreements by the phrase found at 25 U.S.C. § 2711(a)(3)
and regulations issued thereto at 25 C.F.R. § 502.5. 
  
 “Commencement Date” shall mean the first date following the Approval Date and the Completion Date that the Facility is open to the public for Gaming as provided in this Agreement and in the Development Agreement.

  
 “Compact” shall mean the tribal-state Compact
to be negotiated and entered into between the Tribe and the State and to be approved by the Secretary of the Interior pursuant to the IGRA, and as the same may, from time to time, be amended, or such other compact that may be substituted therefor
and approved pursuant to the IGRA. 
  
 “Completion
Date” shall mean the date upon which the Tribe receives: 
  
 (a) a certificate from the Architect certifying that the Facility is substantially completed and has been constructed substantially in accordance with the Plans and Specifications and a copy of which has been delivered by the
Architect to the Manager; and 
  
 (b) certificates of such
professional designers, inspectors or consultants or opinions of counsel, as the Tribe or the Manager may reasonably determine to be appropriate, verifying construction and furnishing of the Facility in compliance with all Legal Requirements for the
commencement of operations as contemplated by this Agreement. 
  
 “Confidential Information” shall mean the information described in Section 9.26. 
  
 “Depository Account” shall mean the bank account described in Section 4.20.3. 
  
 “Developer” shall mean Salishan-Mohegan LLC, a Washington
limited liability company. 

 “Development Agreement” shall mean that certain Development Agreement, dated
            , 2004, by and between the Developer and the Tribe, providing the terms under which the Developer and the Tribe will together develop the Facility, including, without
limitation, design, financing, construction, furnishing and equipping same. Should any provisions of the Development Agreement vary from those in this Agreement, the provisions of this Agreement shall govern as to this Agreement. 
  
 “Disbursement Account” shall mean the bank account described
in Section 4.20.4. 
  
 “Emergency
Condition” shall have the meaning set forth in Section 4.13. 
  
 “Enterprise” shall mean the business enterprise owned by the Tribe for the conduct of Gaming at the Facility, and which shall include any other lawful commercial activity allowed in or at the Facility
including, but not limited to, the sale of food and alcohol, tobacco, gifts and souvenirs, any hotel, any entertainment facilities, restaurant, convention and meeting facilities, child care facility, convenience store, service station or parking.

  
 “Enterprise Bank Accounts” shall mean those
accounts described in Section 4.20.1. 
  
 “Enterprise Employee Policies” shall mean those employee policies described in Section 4.6.2. 
  
 “Enterprise Employees” shall mean those employees working for the Enterprise as described in Section 4.6.3. 
  
 “Event of Default” shall have the meaning as set forth in
Section 11. 
  
 “Facility” shall mean all
buildings, structures and improvements located on the Property and all fixtures, Furnishings and Equipment attached to, forming a part of the Facility or used, usable or held for use in the operation of the Enterprise. The Facility shall contain,
but not be limited to, the following elements: a Gaming Facility and related space in support of the Gaming Facility; food and beverage facilities; parking facilities; retail space; and infrastructure improvements to support the Facility, as well as
any modifications of the foregoing elements agreed to by the parties. 
  
 “Financing” shall mean the loans to the Tribe for the construction of the Facility to be made pursuant to the Financing Agreements. 
  
 “Financing Agreements” shall mean the agreements to be entered into by the Tribe as borrower or obligor,
the proceeds of which are to be used exclusively to develop, design, construct, furnish and equip the Facility and provide start-up and working capital for the Enterprise, and any refinancing thereof. 
  
 “Fiscal Year” shall mean the period commencing on January 1
of each year and ending on December 31 of the same year. 
  
 “Furnishings and Equipment” shall mean all furniture, furnishings and equipment required for the operation of the Enterprise under this Agreement, including, without limitation: 
  
 (a) cashier, money sorting and money counting equipment, surveillance
and communication equipment and security equipment; 

 (b) electronic gaming equipment, table games and other Class II Gaming and Class III Gaming
equipment, as permitted pursuant to the Compact and the IGRA; 
  
 (c) office furnishings and equipment; 
  
 (d)
specialized equipment necessary for the operation of any portion of the Enterprise for accessory purposes, including, but not limited to, equipment for kitchens, laundries, dry cleaning, cocktail lounges, restaurants, public rooms, commercial
and parking spaces, and recreational facilities; and 
  
 (e)
all other furnishings and equipment hereafter located and installed in or about the Facility which are used, usable or held for use in the operation of the Enterprise in accordance with the standards set forth in this Agreement. 
  
 “Gaming” shall mean any and all activities defined as either
Class II Gaming or Class III Gaming under the IGRA and Class III Gaming as authorized under the Compact. 
  
 “Gaming Facility” shall mean those immediate areas of the Facility where Gaming is conducted. 
  
 “General Manager” shall mean the person employed by the
Enterprise on the recommendation and advice of the Manager to direct the operation of the Enterprise and whose title and responsibilities shall be determined pursuant to Section 4.6. 
  
 “Generally Accepted Accounting Principles” or
“GAAP” shall mean generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements
of the Financial Accounting Standards Board or in such other statements by such other entity as have been approved by a significant segment of the accounting profession. 
  
 “Governmental Action” shall mean any resolution, ordinance, statute, regulation, order or decision,
regardless of how constituted, having the force of law or legal authorization of the Tribe or any instrumentality or agency of the Tribe. 
  
 “Gross Gaming Revenue” shall mean the gross revenues (net win) from Gaming activities, determined in accordance with GAAP consistently
applied. 
  
 “Gross Revenues” shall mean
all revenues of any nature derived directly or indirectly from the Enterprise including, without limitation, Gross Gaming Revenue, food and beverage sales, entertainment and retail sales, parking fees and other rental or other receipts from lessees,
sublessees, licensees and concessionaires (but not the gross receipts of such lessees, sublessees, licensees or concessionaires, provided that such lessees, sublessees, licensees and concessionaires are not subsidiaries or Affiliates of Manager or
the Tribe), and revenue recorded for Promotional Allowances. 
  
 “House Bank” shall mean the amount of cash, chips, tokens and plaques that Manager from time to time determines necessary to have at the Facility daily to meet its cash needs. The maximum and minimum amounts shall be
subject to Legal Requirements. 
  
 “IGRA” shall
mean the Indian Gaming Regulatory Act of 1988, PL 100-497, 25 U.S.C. § 2701 et seq., as same may, from time to time, be amended. 
  
 “Indemnitees” shall have the meaning described at Section 9.29. 

 “Internal Control Systems” shall mean the systems described in Section 4.18,
which shall comply with the Legal Requirements. 
  
 “Legal
Requirements” shall mean any and all present and future federal, State, local and Tribal judicial, administrative, or legislative rulings or decisions, as well as any and all present and future federal, state, local or Tribal laws, codes,
rules, regulations, permits, licenses and certificates, in any way applicable to the Tribe, the Manager, the Property, the Facility, and the Enterprise, including, without limitation, the IGRA, the Compact and the Tribal Gaming Ordinance, as then
currently in effect. 
  
 “Lender” shall mean any
of the persons, entities or financial institutions providing funds pursuant to the Financing Agreements. 
  
 “Management Fee” shall mean the management fee described in Section 6.6. 
  
 “Manager” shall mean Salishan-Mohegan LLC, a Washington limited liability company. 
  
 “Manager Employees” shall mean those employees of the
Manager or its Affiliates who are working at or providing services to the Facility as set forth in Section 4.6.4. During the course of employment at the Facility or for the Enterprise, the reasonable compensation of the Manager Employees, as
determined by the Operations Board, shall be an Operating Expense. 
  
 “Manager Representatives” shall have the meaning set forth in Section 3.4.1. 
  
 “Marketing Plan” shall have the meaning set forth in Section 4.7. 
  
 “Material Breach” shall mean a failure of either party to perform any material duty or obligation on its
part under this Agreement or any material agreement or instrument necessary for the implementation of this Agreement for thirty (30) consecutive days after written notice. 
  
 “Minimum Balance” shall mean the amount described in Section 4.20.1. 
  
 “Minimum Monthly Payment” shall mean that payment due the
Tribe each month in accordance with Section 6.4.1 of this Agreement. 
  
 “Monthly Distribution Payment” shall have the meaning set forth in Section 6.3 of this Agreement. 
  
 “National Indian Gaming Commission” or “NIGC” shall mean the commission established pursuant to 25 U.S.C. § 2704.

  
 “Net Revenues (gaming)” shall mean Gross
Gaming Revenues of the Enterprise from Class II Gaming or Class III Gaming less (i) amounts paid out as, or paid for prizes, and (ii) all related Operating Expenses, excluding the Management Fee. Notwithstanding the foregoing, the following shall be
excluded from Net Revenues (gaming): 
  
 (a) any
gratuities or service charges added to a customer’s bill; 
  
 (b) any credits or refunds made to customers, guests or patrons; 
  
 (c) any sums and credits received by the Enterprise for lost or damaged merchandise; 
  
 (d) any sales taxes, excise taxes, gross receipt taxes, admission taxes, entertainment taxes, tourist taxes or charges received from patrons and
passed on to a governmental or quasi-governmental entity other than the Tribe; 

 (e) any proceeds from the sale or other disposition of furnishings and equipment or other capital
assets; 
  
 (f) any fire and extended coverage insurance
proceeds other than for business interruption; 
  
 (g) any
condemnation awards other than for temporary condemnation; 
  
 (h) any proceeds of financing or refinancing; 
  
 It is intended
that this provision be consistent with 25 U.S.C. § 2703(9). 
  
 “Net Revenues (other)” shall mean all Gross Revenues of the Enterprise from all sources not included in Net Revenues (gaming) less all related Operating Expenses. Notwithstanding the foregoing, the following shall be
excluded from Net Revenues (other): 
  
 (a) any gratuities
or service charges added to a customer’s bill; 
  
 (b)
any credits or refunds made to customers, guests or patrons; 
  
 (c) any sums and credits received by the Enterprise for lost or damaged merchandise; 
  
 (d) any sales taxes, excise taxes, gross receipt taxes, admission taxes, entertainment taxes, tourist taxes or charges received from patrons and
passed on to a governmental or quasi-governmental entity other than the Tribe; 
  
 (e) any proceeds from the sale or other disposition of furnishings and equipment or other capital assets; 
  
 (f) any fire and extended coverage insurance proceeds other than for business interruption; 
  
 (g) any condemnation awards other than for temporary condemnation;

  
 (h) any proceeds of financing or refinancing;

  
 (i) any income resulting from investment of the
Capital Replacement Reserve. 
  
 It is intended that this provision be consistent
with 25 U.S.C. § 2703(9). The term “Net Revenues” without reference to “(gaming)” or “(other)” shall mean the aggregate of Net Revenues (gaming) and Net Revenues (other). 
  
 “Operating Expenses” shall mean all expenses of the
operation of the Enterprise determined in accordance with GAAP, consistently applied. Operating Expenses shall include, without limitation: (i) Promotional Allowances; (ii) all interest expense; and (iii) depreciation and amortization as more fully
set forth at Section 4.12.2, but shall not include the Management Fee, any costs or premiums associated with any future financing or refinancing, or any contributions by the Tribe to Clark County, or to any municipality, political
sub-division, agency or unit thereof, pursuant to the Memorandum of Understanding dated February 10, 2004 between Clark County and the Tribe, and a supplemental Memorandum of Understanding between the same parties dated March 2, 2004, or any other
agreement or memorandum of understanding with local governmental authorities, which contributions include, without limitation, the 2% net gaming revenue contribution payable by the Tribe for the Arts and Entertainment Fund. 
  
 “Operating Supplies” shall mean food and beverages
(alcoholic and nonalcoholic) and other consumable items used, usable or held for use in the operation of the Facility, such as playing cards, tokens, chips, pull-tabs, bingo paper, plaques, fuel, soap, cleaning materials, matches, paper goods,
stationery and all other similar items. 
  
 “Operations
Board” shall mean the decision making body created by the Tribe pursuant to Section 3.4 of this Agreement. 

 “Permitted Investments” shall mean any of the following or any combination of one or
more thereof provided that each investment shall have a maturity of less than one year: 
  
 (a) Direct obligations of the United States of America or obligations the principal and interest of which are unconditionally guaranteed by the United States of America; 
  
 (b) Bonds, debentures, certificates of participation or notes issued
by the Bank of Cooperatives, Federal Financing Bank, Federal Farm Credit System, Federal Home Loan Mortgage Corporation, Federal Home Loan Banks, Federal Intermediate Credit Banks, Federal National Mortgage Association, Export-Import Bank of the
United States, Government National Mortgage Association or any other agency or corporation which has been or may hereafter be created by or pursuant to an Act of the Congress of the United States or an agency or instrumentality thereof; 

 
 (c) Commercial paper of United States corporations rated P-1 by
Moody’s Investors Service or rated A-1 by Standard & Poor’s Ratings Group; and 
  
 (d) Interest-bearing time or demand deposits, certificates of deposit, bankers acceptances or other similar banking arrangements with any bank or savings institution, provided that such deposits, certificates
and other arrangements are fully insured by the Federal Deposit Insurance Corporation, or secured by obligations described in clauses (a) and (b) above, or a combination thereof. 
  
 “Pre-Opening Budget” shall have the meaning described in Section 4.9.1. 
  
 “Pre-Opening Expenses” shall have the meaning described in
Section 4.9.1. 
  
 “Promotional Allowances”
shall mean the retail value of transportation, hotel accommodations, food, beverages, merchandise, chips, tokens, entertainment, or services provided to patrons for complimentary purposes. 
  
 “Property” shall have the meaning described in Recital
1.1. 
  
 “Qualified” shall mean a member of
the Tribe, who has demonstrated skills and abilities to perform the tasks to be undertaken in an acceptable manner and meets the minimum requirements of the position, as reasonably determined by the Manager. 
  
 “Recommencement” shall have the meaning described in
Section 4.4.1. 
  
 “Staffing Plan” shall
have the meaning described at Section 4.9.2. 
  
 “State” shall refer to the State of Washington. 
  
 “Term” shall mean the term of this Agreement as described in Section 3.2. 
  
 “Tribal Gaming Agency” shall mean the commission established by the Tribe pursuant to the Tribal Gaming Agency Ordinance with the
responsibility to regulate Gaming on the reservation pursuant to the Legal Requirements. 
  
 “Tribal Gaming Agency Ordinance” shall mean the legislation enacted by the Tribe creating the Tribal Gaming Agency. 
  
 “Tribal Gaming Ordinance” or “Gaming Ordinance” shall mean the legislation and any
amendments thereto as enacted by the Tribe, subject to the prior approval of Manager, not to be unreasonably withheld, conditioned or delayed, and approved by the NIGC pursuant to the IGRA authorizing Gaming on Tribal lands subject to the
governmental power of the Tribe. 

 “Tribal Council” shall mean the governing body of the Tribe composed of the duly elected
officers of the Tribe. 
  
 “Tribal
Representatives” shall mean the Tribal delegates serving on the Operations Board as more fully described in Section 3.4. 
  
 “Tribe” shall mean the Cowlitz Indian Tribe, a federally recognized Indian tribe and, where the context does not otherwise dictate, shall
include departments and agencies of the Tribe. 
  
 “Year
End Operating Statements” shall have the meaning described in Section 6.7. 
  
 “Washington State Gambling Commission” or “WSGC” shall mean the Commission established by RCW Chapter 9.46. 
  
 3. Covenants and Operating Board. In consideration of the mutual covenants, conditions and promises contained in this Agreement, the
Tribe and Manager agree and covenant as follows: 
  
 3.1
Engagement of Manager. The Tribe hereby engages Manager as an independent contractor as the exclusive manager of the Enterprise pursuant to the terms and conditions of this Agreement, and Manager hereby accepts such engagement, subject to
receipt of all necessary regulatory approvals. 
  
 3.2 Term.
The Term of this Agreement shall begin on the Approval Date and shall continue for a period of seven (7) years after the Commencement Date. 
  
 3.3 Access to Property. The Tribe represents and covenants that Manager shall and may peaceably have complete access to and presence on the
Property and in the Facility in accordance with the terms of this Agreement, free from molestation, eviction and disturbance by the Tribe or by any other person or entity; provided, however, that such right of access to and presence shall cease upon
the termination of this Agreement pursuant to its terms; provided, further, that such right to access and presence shall not be considered to be a transfer or conveyance to any right, title, or interest in the Property or any other land or real
property; and provided further that if the Manager’s license is revoked by the Tribal Gaming Agency in accordance with the Tribal Gaming Agency Ordinance, and subject to Section 24 of this Agreement, such access and presence on the
Property and in the Facility shall be limited to recovery of Manager’s books, records and personal property of Manager and shall be terminated thereafter. 
  

3.4 Creation and Operation of Operations Board. 
  
 3.4.1 Creation and Role of Operations Board. 
  
 (a) In order to provide a mechanism to ensure the efficient exercise of control over the Enterprise by the Tribe, the Tribe agrees to create an
Operations Board comprised of six (6) members to oversee the Enterprise on behalf of the Tribe: (i) four (4) members appointed by the Tribe (“Tribal Representatives”), and (ii) two (2) members appointed by Manager (“Manager
Representatives”), provided that two (2) of the Tribal Representatives shall be voting members and 

 two (2) shall be non-voting members. A non-voting Tribal Representative shall have the right to vote in
place of a voting Tribal Representative upon written delegation by a voting Tribal Representative, but in no case shall the Tribal Representatives have an aggregate of more than two (2) votes. Until the Tribe acts to appoint the Tribal
Representatives to the Operations Board all actions which would otherwise be performed by the Tribal Representatives to the Operations Board shall be performed by the Tribal Council, which for purposes of voting of the Operations Board, shall have
an aggregate of two (2) votes. Except as expressly reserved to the Tribal Council in this Agreement, the Operations Board, upon its creation, shall have the power of the Tribe to instruct and direct the Manager as provided in this Agreement. Actions
and directions of the Operations Board shall be, and shall be deemed to be, actions and directions of the Tribe. The Tribe shall appoint Tribal Representatives no later than thirty (30) days after the execution of this Agreement. The Operations
Board shall meet as necessary to ensure timely decision-making. All decisions of the Operations Board shall be made by approval of a majority of the total number of the members of the Operations Board. The Board shall appoint an individual to act as
recording secretary to keep minutes of each Board meeting. Such minutes for each meeting shall be reviewed and approved as the official minutes of the meeting at the next meeting of the Board, The original of the official minutes of Board meetings
shall be retained by the secretary and copies thereof shall be make available to each member of the Board upon request. 
  
 Where the Manager’s conduct under this Agreement is subject to Operations Board oversight or approval, the Operations Board shall act reasonably and
any consent, where required to be given, shall not be unreasonably withheld or delayed. Any compensation and/or expenses incurred by the Tribal Representatives of the Operations Board shall be borne by the Tribe and shall not constitute an Operating
Expense or other expense of the Enterprise. The Manager Representatives to the Operations Board shall not receive any compensation from the Enterprise, and any such expenses incurred by the Manager Representatives shall be borne by Manager and shall
not constitute an Operating Expense or other expense of the Enterprise. 
  
 (b) The role of the Operations Board shall be to direct the Manager as to major high level issues that impact the Enterprise. Except as otherwise specifically set forth in this Agreement, only the following
matters shall require the approval of the Operations Board: 
  
 (i) the Enterprise Employee Policies and material changes thereto (which, for purposes hereof shall mean material changes to minimum requirements for job classifications and material changes to Enterprise-wide organizational structure)
pursuant to Section 4.6.2; 
  
 (ii) Manager’s
selection of third party persons who may lease or otherwise operate and/or manage premises within the Enterprise pursuant to Section 4.2.1.f; 
  
 (iii) the hiring and dismissal of certain employees pursuant to Section 4.2.1.h; 
  
 (iv) matters relating to proprietary interests of the Tribe pursuant to Section 4.2.1.r; 
  
 (v) certain contracts pursuant to Section 4.2.4; 

 (vi) use of Manager’s resources pursuant to Section 4.2.5; 
  
 (vii) approval of the Marketing Plan pursuant to Section 4.7;

  
 (viii) the Pre-Opening Budget pursuant to Section 4.9;

  
 (ix) the Annual Business Plan, Annual Operating Budget and
Annual Capital Budget and material changes thereto pursuant to Section 4.11; 
  
 (x) material changes to the Facility and the theming of the Facility; 
  
 (xi) review of material charge-backs by the Manager to the Enterprise; and 
  
 (xii) selection of Enterprise Bank Accounts pursuant to Section 4.20. 
  
 3.4.2 Operations Board Meetings. 
  
 (a) A regular monthly meeting of the Operations Board is to be held
at such places and at such times which the Operations Board shall determine six (6) months in advance of such meetings. Every six (6) months thereafter the Operations Board shall distribute another set of meeting times and dates for the next six (6)
months. Special meetings of the Operations Board may be held whenever and wherever called for by at least three (3) voting members. Three voting (3) members constitute a quorum for the transaction of business at any meeting of the Operations Board.
The Tribe shall appoint a Chairperson of the Operations Board prior to its first meeting. The appointed Chairperson shall send out a written agenda for each regularly scheduled meeting and special meeting, at least seventy-two (72) hours in advance
of the meeting. 
  
 (b) Once the schedule of meetings for
a six-month period has been set by the Operations Board pursuant to paragraph (a) of this section, no additional notice need be given of regular meetings of the Operations Board. Notice of the time and place of any special meeting shall be given to
all members at least seventy-two (72) hours prior to the meeting. Any member may waive notice of any meeting and any adjournment thereof at any time before, during, or after it is held. Except as provided in the next sentence below, the waiver must
be in writing, signed by the member entitled to the notice, and filed with the minutes of the Operations Board. The attendance of a member at or participation of a member in a meeting shall constitute a waiver of notice of such meeting, unless the
member at the beginning of the meeting (or promptly upon his/her arrival) objects to holding the meeting or transacting business at the meeting, and does not thereafter vote for or assent to action taken at the meeting. 
  
 (c) If a quorum is present when a vote is taken, the affirmative vote
of no fewer than three (3) of the voting members present shall be the act of the Operations Board. 
  
 (d) Any or all members may participate in a regular or special meeting by, or conduct the meeting through the use of, any means of communication by
which all members participating may simultaneously hear each other during the meeting, in which case, any required notice of the meeting may generally describe the arrangements (rather than or in addition to the place) for the holding thereof. A
member participating in a meeting by this means is deemed to be present in person at the meeting. Any member may participate in a regular or special meeting by proxy evidenced in a writing duly signed by such member. 
  
 (e) Any action required or permitted to be taken by the Operations
Board at a meeting may be taken without a meeting if the action is taken by unanimous 

 written consent of the Operations Board as evidenced by one (1) or more written consents describing the
action taken, signed by each member. Action taken by consent is effective when the last member signs the consent, unless the consent specifies a different effective date. A signed consent has the effect of a meeting vote and may be described as such
in any document. 
  
 (f) In the event that the Operations
Board is unable to resolve or approve any matter before it, and the Manager notifies the Operations Board that such matter requires resolution in order for the Manager to fulfill its obligations under this Agreement, the Operations Board shall refer
the matter to the Tribal Council, or its designee, for resolution of the matter, subject to the provisions of Section 18.5 hereof. 
  
 3.5 Manager Compliance with Law; Licenses. Manager covenants that it will at all times comply with all Legal Requirements, including the Tribal
Gaming Ordinance, the IGRA, the Compact, State statutes, to the extent applicable, and any licenses issued under any of the foregoing. The Tribe shall not unreasonably withhold, delay, withdraw, qualify or condition such licenses as the Tribe is
authorized to grant.  
  
 3.6 Amendments to Tribal
Gaming Ordinance. The Tribe covenants that any amendments or modifications made to the Tribal Gaming Ordinance will be a legitimate effort to ensure that Gaming is conducted in a manner that adequately protects the environment, the public health
and safety, and the integrity of the Enterprise. The Tribe shall give the Manager at least ten (10) business days’ notice of any proposed amendments or modifications to the Tribal Gaming Ordinance. The adoption of any amendments or
modifications to the Tribal Gaming Ordinance or any other Tribal legislation or resolutions that would materially and adversely affect Manager’s rights under this Agreement or any related agreement shall be a Material Breach of this Agreement.

  
 3.7 Tribe’s Compliance with Law. The Tribe
covenants that it will at all times comply with the provisions of the Compact, the IGRA and any related Legal Requirements. The Tribe further covenants that it will not violate the Compact, IGRA, applicable federal or state laws or regulations,
where such violation would place at risk Manager’s license(s) with the Tribe, the State or any other jurisdiction or regulatory authority. 
  
 3.8 Fire and Safety. Subject to the oversight of the Operations Board, Manager shall be responsible to oversee the maintenance of the Facility in
compliance with the Compact and all standards referenced therein. Nothing in this Section 3.8 shall grant any jurisdiction to the State or any political subdivision thereof over the Enterprise. To the extent that such jurisdiction is provided
by the Compact, the parties shall take all necessary action to provide access to the Enterprise and otherwise facilitate the exercise of jurisdiction. The Tribe shall be responsible for arranging fire protection, emergency ambulance and medical
services and police services for the Facility. The reasonable cost actually incurred in good faith of such increased public safety services after the Commencement Date shall be an Operating Expense.  
  
 3.9 Compliance with the National Environmental Policy Act. With the
assistance of Manager as reasonably requested by the Tribe, the Tribe is responsible for and shall supply the NIGC with all information necessary for the NIGC to comply with any regulations of the NIGC issued pursuant to the National Environmental
Policy Act. The cost of any such compliance shall constitute an Operating Expense. 
  
 3.10 Satisfaction of Approval Date Requirements. Manager and the Tribe each agree to cooperate and to use their best efforts to satisfy each and every condition of the Approval Date at the earliest possible
date. Manager agrees to memorialize the Approval Date in a writing signed by Manager and delivered to the Tribe. 

 3.11 Commencement Date. Manager agrees to memorialize the Commencement Date in a writing signed by
Manager and delivered to the Tribe. 
  
 3.12 All Gaming in
Compliance with the IGRA. All Gaming covered by this Agreement shall be conducted in accordance with the IGRA, the Compact, and the governing law of the Tribe. 
  
 3.13 Best Efforts; Covenant of Good Faith and Fair Dealing. The Tribe and Manager agree to use their best efforts and
to act in good faith in dealing with one another pursuant to this Agreement. Manager and the Tribe hereby specifically warrant and represent to each other that neither shall act in any manner which would cause this Agreement to be altered, amended,
modified, canceled, or terminated (except as specifically provided in this Agreement) without the consent of the other. The Tribe and Manager further warrant and represent that they shall take all actions necessary to ensure that this Agreement
shall remain in full force and effect at all times and will fully cooperate with each other in achieving the goals of this Agreement. 
  
 3.14 Financing Agreements. The Tribe shall comply with the affirmative and negative covenants which it has made or will make in the Financing
Agreements. 
  
 3.15 Licensing of Manager by Tribal Gaming
Agency. The Tribe shall provide Manager or its Affiliate appropriate due process procedures with respect to the resolution of disputes concerning the issuance, non-issuance, renewal, non-renewal, condition, suspension, denial or revocation of
any license to Manager or any Affiliate of Manager by the Tribal Gaming Agency. As required, the Tribe shall amend its Tribal Gaming Ordinance to include a provision to such effect, and such provision shall remain in full force and effect during the
Term of this Agreement. 
  
 4. Business and Affairs in Connection with
Enterprise. 
  
 4.1 Manager’s Authority and
Responsibility. Upon and after the Commencement Date, Manager shall conduct and direct all business and affairs in connection with the day-to-day operation, management and maintenance of the Enterprise and the Facility, including the
establishment of operating days and hours, subject to the approval of the Operations Board, and the duties expressly provided for in Section 4.2 below. It is the parties’ intention that the Facility be open twenty-four (24) hours daily,
seven (7) days a week or to the full extent otherwise allowed by the Compact. Manager is hereby granted the necessary power and authority to act, through the General Manager, in order to fulfill all of its responsibilities under this Agreement. The
Manager also shall be responsible for certain pre-opening activities set forth in Section 4.9 below. Manager hereby accepts such retention and engagement. Nothing herein grants or is intended to grant Manager a titled interest to the Facility
or to the Enterprise. The Tribe shall have the sole proprietary interest in and ultimate responsibility for the conduct of all Gaming conducted at the Facility, subject to the rights and responsibilities of Manager under this Agreement. 

 
 4.2 Duties of Manager. In managing, operating, maintaining and
repairing the Enterprise, under this Agreement, Manager’s duties shall include, without limitation, the following: 
  
 4.2.1 Physical Duties. Manager shall use reasonable measures for the orderly physical administration, management and
operation of the Enterprise, including, without limitation: 
  
 (a) The administration of the cleaning, decorating, carpeting, grounds care, mechanical, electrical and other maintenance and repair work; 

 (b) The selection, composition, administration and operation of a security force and related
security measures, the whole as more fully described in Section 4.3 of this Agreement; 
  
 (c) The terms, conditions and amount of any insurance to be taken out with respect to the Enterprise, the whole as more fully described in Section 4.21 of this Agreement; 
  
 (d) The establishment and administration of an accounting system and
financial records relating to the operations of the Enterprise, including, without limitation, the gaming operations and the maintenance of such accounting system and financial records, as more fully described in Section 4.22 of this
Agreement; 
  
 (e) The administration of all non-gaming
activities to be conducted on the Property, including, without limitation, all hospitality, retail and other related activities; 
  
 (f) The selection of persons who may lease or otherwise operate and/or manage premises within the Enterprise to conduct non-gaming activities,
including, without limitation, all hospitality, retail and other related activities, including the terms and conditions of any such lease or other use, provided, however, that Manager’s selection of third party persons to lease or otherwise
operate and/or manage premises within the Enterprise shall be subject to approval by the Operations Board; 
  
 (g) The determination as to the number of hours per week and the days per week that the Enterprise shall be open for business, taking into account
the season of the year and other relevant factors, including, but not limited to the requirements of the Compact, it being understood that the Gaming Facility shall be constructed and operated so that it can be in operation twenty-four (24) hours
per day, seven (7) days per week, throughout the calendar year; 
  
 (h) The hiring, training, evaluating, disciplining, promoting and dismissal of all employees, supervisors and management personnel of the Enterprise and the establishing of all policies and authority of employees for purchasing or
contracting, provided, however, that, pursuant to all Legal Requirements, the hiring and dismissal of the General Manager, Chief Financial Officer and Vice President(s) with policy-making authority shall be subject to Operations Board
approval. The Manager shall always seek to give first preference in its hiring, training and promotion to duly Qualified members of the Tribe; 
  
 (i) The selection and administration of all Gaming to be conducted; 
  
 (j) The administration and disbursement of the payroll of all employees, supervisors and management personnel of the
Enterprise (including, without limitation, the withholding of deductions at source, to the extent applicable) and the administration of the payment of all taxes related to such employees, supervisors and management personnel; 
  
 (k) The administration and serving of all the food and beverage
facilities and operations; 
  
 (l) The selection of all
major entertainment, sporting and promotional events to be staged; 
  
 (m) The distribution of all revenues generated from the operation of the Enterprise, subject to other specific requirements of this Agreement; 
  

(n) The selection and location of the financial institution in which the revenues generated from the operation of the Enterprise shall be
deposited, shall be determined by the Tribe pursuant to Section 4.20.1 of this Agreement and administration of the banking arrangements in connection therewith (it being agreed that the financial institution (on a consolidated basis) selected
should have assets of not less than Five Hundred Million Dollars ($500,000,000.00); 
  
 (o) The engagement of accountants, attorneys (in addition to the Tribe’s attorney, if necessary) and other professionals with respect to all matters regarding taxation or other operations of the
Enterprise; provided, however, that this subsection does not apply to the engagement of the independent auditing firm pursuant to Section 4.22.4; 

 (p) The advertisement, marketing and promotion of the Enterprise; 
  
 (q) Preparation and submission to the Operations Board of the Annual
Business Plan, Annual Operating Budget and Annual Capital Budget, as more fully described in Section 4.11 of this Agreement; and 
  
 (r) All matters necessarily ancillary to the responsibilities set forth in subparagraphs (a) to (q) above, it being acknowledged and agreed that
the foregoing is not intended to be an exhaustive list of responsibilities of the Manager concerning the operation of the Facility; and provided that all matters which affect the proprietary interest of the Tribe in the Gaming Facility shall be
subject to Operations Board approval. 
  
 4.2.2
Compliance. Manager shall comply with all duly enacted statutes, regulations and codes of the Tribe. Subject to Section 3.15 of this Agreement reserving determinations on licensing to the Tribal Gaming Agency, the Tribe shall take
no action and adopt no statute or ordinance that prejudices or adversely affects the Manager’s rights under this Agreement or that violates the Indian Civil Rights Act (25 U.S.C. §§ 1301-1303). Prior to the adoption of or any changes
in the Tribe’s land use or zoning regulations or ordinances during the Term of this Agreement, the Manager and the Tribe shall jointly determine whether the Property shall be exempt from such changes.  
  
 4.2.3 Compliance with Internal Revenue Code;
Patriot Act. Manager shall comply with all applicable provisions of the Internal Revenue Code and the USA PATRIOT Act of 2001, including, but not limited to, the prompt filing of any cash transaction reports and other reporting that may be
required by the Internal Revenue Service of the United States or under the Compact. 
  
 4.2.4 Contracts in Tribe’s Name and at Arm’s Length. Contracts for the operations of the Enterprise shall be
entered into in the name of the Tribe, doing business as the Enterprise, and signed by the General Manager. Nothing contained in this Section 4.2.4 or any contract authorized hereunder shall be deemed to be or constitute a waiver of the
Tribe’s sovereign immunity. Manager shall have full contracting authority so long as expenditures are within the Annual Budget; provided, however, that Operations Board approval shall be required for multi-year contracts providing for payments
by the Enterprise in excess of One Hundred Thousand Dollars ($100,000) per year. Whenever Operations Board approval is required for any contract, such contract shall be deemed approved unless the Operations Board delivers written objection to
Manager within ten (10) days of Manager’s written request for approval.  
  
 4.2.5 Enterprise Operating Standards. Manager shall operate the Enterprise in a competitive manner in accordance with
operating standards which are consistent with the operating standards of the Indian gaming industry generally. The Manager may use its own resources in fulfilling its obligations under this Agreement including, without limitation, for marketing,
accounting and human resources, if the use of such resources will result in cost efficient services; provided, however, that Operations Board approval shall be required for any charge for such service in excess of Fifty Thousand Dollars ($50,000).

  
 4.3 Security. Manager shall provide for appropriate
security for the operation of the Enterprise. All aspects of the Facility security shall be the responsibility of Manager. The reasonable costs actually incurred in good faith of any charge for security and increased public safety services will be
an Operating Expense. 

 4.4 Damage, Condemnation or Impossibility of the Enterprise. If, during the Term of this
Agreement, the Facility is damaged or destroyed by fire, war, or other casualty, or by an Act of God, or is taken by condemnation or sold under the threat of condemnation, or if Gaming on the Property is prohibited for any reason as a result of a
decision of a court of competent jurisdiction or by operation of any applicable legislation, Manager shall have the following options: 
  
 4.4.1 Recommencement of Operations. If Gaming on the Property is prohibited by Legal Requirements or is otherwise impossible
or impractical, Manager shall have the option, at its sole discretion, to continue its interest in this Agreement and to commence or recommence the operation of Gaming if, at some point during the Term, such commencement or recommencement shall be
legally and commercially feasible in the sole judgment of Manager (the “Recommencement”). 
  
 4.4.2 Repair or Replacement. If the Facility is damaged, destroyed or condemned so that Gaming can no longer be conducted at
the Facility, the Facility shall be reconstructed if the insurance or condemnation proceeds, excluding any applicable deductibles or self-insured retentions under any insurance policies, are sufficient to restore or replace the Facility to a
condition at least comparable to that before the casualty occurred. If the insurance or condemnation proceeds are not sufficient, excluding any applicable deductibles or self-insured retentions under any insurance policies, to restore or replace the
Facility to such condition and the Tribe determines to repair the Facility, Manager may, in its sole discretion, supply such additional funds as are necessary to reconstruct the Facility to such condition and such funds shall constitute a loan to
the Tribe, secured by Enterprise revenues and repayable upon such terms as may be agreed upon by the Tribe and Manager; such additional amounts, if any, shall not be subject to limits set forth in the Development Agreement. If the insurance or
condemnation proceeds are not sufficient, excluding any applicable deductibles or self-insured retentions under any insurance policies to restore or replace the Facility to such condition, and the Tribe determines not to repair the Facility, the
Tribe and Manager shall jointly adjust and settle any and all claims for such insurance or condemnation proceeds. 
  
 4.4.3 Termination of Gaming. Manager shall have the option, at its sole discretion, at any time within a sixty (60) day
period following the cessation of Gaming on the Property for any reason to notify the Tribe in writing that it is terminating this Agreement, in which case Manager shall retain any rights Manager may have to undistributed Management Fees pursuant to
Section 6 of this Agreement and rights to repayments of amounts owed to it. If Manager does not elect to so terminate this Agreement, it may take whatever action it deems necessary or appropriate to reduce expenses during such cessation of
Gaming. 
  
 4.4.4 Tolling of the
Agreement. If, after a period of cessation of Gaming on the Property, the Recommencement of Gaming is possible, and if Manager has not terminated this Agreement under the provisions of Section 4.4.3, the period of such cessation shall not
be deemed to have been part of the Term of this Agreement and the date of expiration of the Term of this Agreement shall be extended by the number of days of such cessation period. 
  
 4.5 Alcoholic Beverages and Tobacco Sales. During the Term of this Agreement alcoholic beverages shall be sold and
served at the Facility if permissible in accordance with Legal Requirements. The parties acknowledge that enabling Tribal legislation for the sale of alcoholic beverages is required if not now in force, and that such legislation would be necessary
in order to serve alcoholic beverages at the Facility. The Tribe agrees to enact and perfect such legislation, and use best efforts to obtain and satisfy Legal Requirements as soon as possible, but in no event later than thirty (30) days prior to
the Commencement Date, including, without 

 limitation, publication of such legislation governing the sale of alcoholic beverages in the Federal Register, pursuant
to 18 U.S.C. §1154 and §1161,. The Tribe and Manager hereby mutually agree to include service of such beverages within the Facility. Tobacco may also be sold at the Facility subject to and in accordance with the Legal Requirements.

  
 4.6 Employees. 
  
 4.6.1 Manager’s Responsibility. Manager
shall have the exclusive responsibility and authority to direct the selection, control and discharge of all employees performing services for the Enterprise in connection with the maintenance, operation and management of the Enterprise and the
Facility and any activity upon the Property, subject to the provisions of the Tribe’s Gaming Ordinance and Tribal Gaming Agency Ordinance, the Compact and Section 4.2.1.h of this Agreement. 
  
 4.6.2 Enterprise Employee Policies. Manager
shall prepare Enterprise-wide personnel policies and procedures (the “Enterprise Employee Policies”), including a job classification system with minimum qualifications. The Enterprise Employee Policies shall include a grievance
procedure in order to establish fair and uniform standards for the employees of the Tribe, which will include procedures for the resolution of disputes between Manager and Enterprise Employees as set forth in Exhibit B attached hereto. Any
revisions to the dispute resolution procedures of the Enterprise Employee Policies shall not be effective unless they are approved by the Operations Board. All such actions shall comply with applicable Tribal law. 
  
 4.6.3 Enterprise Employees. All Enterprise
Employees shall be employees of the Tribe. The terms of employment of all Enterprise Employees shall comply with all Legal Requirements. The Tribe agrees to take no action to impede, supersede or impair such terms of employment. During the term of
service of any Enterprise Employee to the Enterprise and for a period of six (6) months thereafter, Manager shall not solicit or offer employment to Enterprise Employees without the express written consent of the Operations Board. 
  
 4.6.4 Manager Employees. Manager shall also
have the right to use Manager Employees to provide services to the Enterprise and shall receive payment of the reasonable cost incurred for providing services to the Enterprise. The expenses, costs (including, but not limited to, salaries and
benefits, but excluding pension, retirement, severance or similar benefits), which are related to such Manager Employees shall be subject to the Annual Operating Budget approved by the Operations Board, and shall be treated as Pre-Opening Expenses
or Operating Expenses as appropriate. During the term of service of any Manager Employee to the Manager and for a period of six (6) months thereafter, the Tribe shall not solicit or offer employment to Manager Employees without the express written
consent of Manager. 
  
 4.6.5 No
Manager Wages or Salaries. Except as otherwise provided with respect to Section 4.2.5, neither Manager nor Manager’s Affiliates nor any of their officers, directors, shareholders, or employees shall be compensated by wages from or
contract payments by the Enterprise for their efforts or for any work which they perform under this Agreement, other than the Management Fee to be paid to Manager pursuant to Section 6.6. 
  
 4.6.6 Tribal Gaming Agency (Costs). Funding
for the Tribal Gaming Agency shall be a Pre-Opening Expense prior to the Commencement Date and an Operating Expense after the Commencement Date, provided that funding for this purpose shall not exceed Nine Hundred Thousand Dollars ($900,000) as a
Pre-Opening Expense, or the 

 greater of (i) thirty-five one hundredths of one percent (0.35%) of Gross Gaming Revenue or (ii) One
Million, Five Hundred Thousand Dollars ($1,500,000) per annum as an Operating Expense, which amounts may be adjusted by mutual agreement between the Tribe and Manager. The amount of funding for this purpose shall be set out in a budget submitted to
the Operations Board by the Tribal Council. Funding in excess of the amounts set out in this Section 4.6.6 shall be an expense of the Tribe. 
  
 4.6.7 Employee Background Investigations. A background investigation shall be conducted in compliance with all Legal
Requirements, to the extent applicable, on each applicant for employment, including Enterprise Employees and Manager Employees, as soon as reasonably practicable. No individual whose prior activities, criminal record, if any, or reputation, habits
and associations are known to pose a threat to the public interest, the effective regulation of Gaming, or to the gaming licenses of Manager or any of its Affiliates, or to create or enhance the dangers of unsuitable, unfair or illegal practices and
methods and activities in the conduct of Gaming, shall knowingly be employed by Manager or the Tribe. The background investigation procedures employed shall satisfy all Legal Requirements. Any cost associated with obtaining such background
investigations shall constitute an Operating Expense; provided, however, that Manager shall pay the reasonable costs associated with the NIGC background investigation of Manager and such costs shall not constitute an Operating Expense or other
expense of the Enterprise. 
  
 4.6.8
Indian Preference, Recruiting and Training. In order to maximize benefits of the Enterprise to the Tribe, Manager shall, during the Term of this Agreement, to the extent permitted by Legal Requirements, including, but not limited to, the
Indian Civil Rights Act, 25 U.S.C. § 1301 et. seq., give preference in recruiting, training and employment to Qualified members of the Tribe in all job categories of the Enterprise. Manager shall conduct job fairs and skills assessment
meetings for Tribal members. 
  
 Whenever
possible, Enterprise jobs shall be filled by Qualified Tribal members. Final determination of the qualifications of Tribal members and all other persons for employment shall be made by Manager, subject to any licensing requirements of the Tribal
Gaming Agency or other applicable state gaming agency. In the event that the Manager reasonably determines that an exception should be made to the preference requirements of this Section 4.6.8, Manager shall submit in writing the specific
exception and reasons therefor to the Operations Board for approval, subject to any other requirements of Tribal law. 
  
 4.6.9 Job Fairs. At least three (3) months prior to the anticipated Commencement Date, the Manager will hold a job fair for
the benefit of members of the Tribe. The purpose of this job fair will be to provide information to Tribal members regarding positions that will be available in the Enterprise and the qualifications required to hold such positions. It is the goal of
this job fair that interested Tribal members shall be provided with the appropriate job counseling and shall be selected for appropriate positions. 
  
 4.6.10 Remedies. All hiring for the Enterprise shall be done by Manager, based on the Enterprise Employee Policies and
subject to the other specific provisions of this Section 4.6. Any disputes between the Tribe and the Manager regarding hiring shall be subject to dispute resolution as provided in Section 18 of this Agreement. If the arbitrator
determines that the Manager failed to comply with the Enterprise Employee Policies, Manager shall be given an opportunity to cure the failure and a reasonable amount of time to implement the cure. In the event that the Tribe believes that Manager
has failed to implement such cure within the given time period, the matter shall again be subject to arbitration, with failure to cure to the reasonable satisfaction of the arbitrator constituting a Material Breach under this Agreement. 

 4.6.11 Removal of Employees. Manager will act in accordance with the
Enterprise Employee Policies with respect to the discharge, demotion or discipline of any Enterprise Employee. Manager shall retain sole discretion with respect to the discharge, demotion or discipline of any Manager Employee; provided, however,
that the revocation, suspension or denial of a Manager Employee’s license required by applicable Legal Requirements shall remain under the authority of the Tribal Gaming Agency, pursuant to the Tribal Gaming Ordinance and the Compact.

  
 4.7 Marketing. At least three (3) months before the
anticipated Commencement Date, Manager shall prepare a comprehensive plan for advertising and marketing the Facility (“Marketing Plan”). Prior to the execution of any contract for the purchase of advertising, or the employment of
any agency to implement the Marketing Plan, the Marketing Plan shall be presented to the Operations Board for review and approval. 
  
 4.8 Additional Land. The Tribe may purchase additional land in its own name for non-gaming purposes. The acquisition of such land and any other
costs associated with such acquisition and the ownership of such land shall be a capital expenditure of the Tribe and shall not constitute an Operating Expense or other expense of the Enterprise. Notwithstanding the foregoing, if such additional
land is used by the Enterprise, the Tribe may charge rent to the Enterprise so long as it is reasonable and fair based on current market prices. 
  
 4.9 Pre-Opening. 
  
 4.9.1 Pre-Opening Budget. Four (4) months prior to the anticipated Commencement Date, Manager shall commence implementation
of a pre-opening program which shall include all activities necessary to operationally prepare the Facility for opening. To implement the pre-opening program, Manager shall prepare a comprehensive pre-opening budget which shall be submitted to the
Operations Board for its approval no later than five (5) months prior to the anticipated Commencement Date (“Pre-Opening Budget”). The Pre-Opening Budget shall set forth expenditures which Manager anticipates to be necessary or
desirable in order to prepare the Facility for the Commencement Date, including, without limitation, cash for disbursements, Furnishings and Equipment and Operating Supplies, hiring, training, relocation and temporary lodging of employees,
advertising and promotion, office overhead and office space (whether on or off the Property) and travel and business entertainment (including opening celebrations and ceremonies) (“Pre-Opening Expenses”). Such Pre-Opening Expenses
shall be funded from the proceeds of the Financing. 
  
 4.9.2 Staffing Plan. Manager shall have the responsibility and authority to prepare the Staffing Plan and to direct the selection, retention and training of all employees performing services in connection with the management,
operation and maintenance of the Enterprise on and after the Commencement Date. No later than one hundred and eighty (180) days prior to the anticipated Commencement Date, Manager will have the responsibility to submit to the Operations Board, for
its approval, a detailed Staffing Plan for all personnel necessary to manage, operate and maintain the Facility in the manner contemplated by this Agreement, which Staffing Plan shall include, without limitation, organizational charts, a job
classification system with job descriptions, salary levels and wage scales (the “Staffing Plan”). 
  
 4.9.3 Reasonable Estimate Only. The Tribe recognizes that the Pre-Opening Budget will be prepared well in advance of the
Commencement Date and is intended only 

 to be a reasonable estimate, subject to variation due to a number of factors, some of which will be
outside of Manager’s control (e.g. the time of completion, inflationary factors and varying conditions for the goods and services required). The Tribe agrees that the Pre-Opening Budget may be modified from time to time, subject to approval of
the Operations Board in accordance with the procedure established by Section 4.11.3 of this Agreement for adjustments to the Annual Business Plan, Annual Operating Budget and Annual Capital Budget. 
  
 4.10 Operating Capital. The operating capital for the Enterprise shall
be provided by the Tribe from the proceeds of the Financing. 
  
 4.11 Annual Business Plan, Annual Operating Budget and Annual Capital Budget. 
  
 4.11.1 Submission. Manager shall, prior to the scheduled Commencement Date, submit to the Operations Board, for its
approval, a proposed Annual Business Plan, Annual Operating Budget and Annual Capital Budget for the remainder of the current Fiscal Year. Thereafter, Manager shall, not less than thirty (30) days prior to the commencement of each full or partial
Fiscal Year, submit to the Operations Board, for its approval, a proposed Annual Business Plan, Annual Operating Budget and Annual Capital Budget for the ensuing full or partial Fiscal Year, as the case may be. 
  
 4.11.2 Content. The Annual Business Plan,
Annual Operating Budget and Annual Capital Budget for the Enterprise shall include: 
  
 (a) a statement of estimated income and expenses, a projected balance sheet and projection of cash flow for the Enterprise for the coming Fiscal Year, with detailed justifications explaining the assumptions
used therein, such operating budget to reflect the estimated results of the operation during each month of the subject Fiscal Year and the Minimum Balance which must remain in the Enterprise Bank Accounts and the House Bank as of the end of each
month during the Fiscal Year to assure sufficient liquidity for working capital purposes, the House Bank and other expenditures; 
  
 (b) either as part of the statement of the estimated income and expenses referred to in the preceding clause (a), or separately, budgets for:

  
 (i) repairs and maintenance;

  
 (ii) payroll and benefits; 

 
 (iii) Capital Replacements as described further in
Section 4.13 below; 
  
 (iv)
Furnishings and Equipment; 
  
 (v)
advertising, marketing and promotional expenses for the Enterprise; 
  
 (vi) the estimated cost of Promotional Allowances; and 
  
 (c) a marketing plan, staffing plan and information technology plan for the subject Fiscal Year. 
  
 4.11.3 Review and Approval. The Operations Board’s review and approval of the Annual Business Plan, Annual Operating
Budget and Annual Capital Budget shall proceed with all deliberate speed and shall not be unreasonably withheld or delayed. The Operations Board shall review the Annual Business Plan, Annual Operating Budget and Annual Capital Budget on a
line-by-line basis. To be effective, any notice which disapproves a proposed Annual Business Plan, Annual Operating Budget and Annual Capital Budget must contain specific objections in reasonable detail to individual line items. 

 4.11.4 Disputed Budget Items. If the proposed Annual Business Plan, Annual
Operating Budget and Annual Capital Budget contain disputed budget item(s), the Tribal Representatives on the Operations Board and the Manager agree to cooperate with each other in good faith to resolve objections to proposed line item(s). In the
event the Operations Board and the Manager are not able to reach mutual agreement concerning objections to line item(s) within a period of fifteen (15) days after written notice of objection, the matter shall be presented to the Tribal Council for
final resolution. In the interim, if the Operations Board and the Manager are unable to resolve the objections to line item(s) prior to the commencement of the applicable Fiscal Year, the undisputed portions of the proposed Annual Business Plan,
Annual Operating Budget and Annual Capital Budget shall be deemed to be adopted and approved and the corresponding line item(s) objected to contained in the Annual Business Plan, Annual Operating Budget and Annual Capital Budget for the preceding
Fiscal Year shall be adjusted as set forth herein and shall be substituted in lieu of the disputed line item(s) in the proposed Annual Business Plan, Annual Operating Budget and Annual Capital Budget. Those line items which are in dispute shall be
determined by increasing the preceding Fiscal Year’s actual expense for the corresponding line items by an amount determined by Manager which does not exceed the Consumer Price Index for All Urban Consumers published by the Bureau of Labor
Statistics of the United States Department of Labor, U.S. City Average, all items (1982-1984 = 100) for the Fiscal Year prior to the Fiscal Year with respect to which the adjustment to the line item(s) is being calculated or any successor or
replacement index thereto. The resulting Annual Business Plan, Annual Operating Budget and Annual Capital Budget obtained in accordance with the preceding sentence shall be deemed to be the Annual Business Plan, Annual Operating Budget and Annual
Capital Budget in effect until such time as Manager and the Operations Board have resolved the items. 
  
 4.12 Adjustments to Annual Business Plan, Annual Operating Budget and Annual Capital Budget. Manager may, after notice to and approval by the
Operations Board, revise the Annual Business Plan, Annual Operating Budget and Annual Capital Budget from time to time, as necessary, to reflect any unpredicted significant changes, variables or events or to include material, additional or
unanticipated Operating Expenses. Manager may, after notice to the Operations Board, reallocate part or all of the amount budgeted with respect to any line item to another line item and to make such other modifications to the Annual Business Plan,
Annual Operating Budget and Annual Capital Budget as Manager deems necessary, provided that the adjusted Annual Business Plan, Annual Operating Budget and Annual Capital Budget shall not exceed one hundred ten percent (110%) of the aggregate
approved Annual Business Plan, Annual Operating Budget and Annual Capital Budget without approval of the Operations Board. Manager shall submit a revision of the Annual Business Plan, Annual Operating Budget and Annual Capital Budget to the
Operations Board for review on a quarterly basis. In addition, in the event actual Gross Revenues for any period are greater than those provided for in the Annual Business Plan, Annual Operating Budget and Annual Capital Budget, the amounts approved
in the Annual Business Plan, Annual Operating Budget and Annual Capital Budget for all variable costs, including but not limited to, guest services, food and beverage, telephone, utilities, marketing and the repair and maintenance of the Facility
for any month shall be automatically deemed to be increased to an amount that bears the same relationship (ratio) to the amounts budgeted for such items as actual Gross Revenue for such month bears to the projected Gross Revenue for such month. The
Tribe acknowledges that the Annual Business Plan, Annual Operating Budget, and Annual Capital Budget are intended only to be a reasonable estimate of the Enterprise’s Gross Revenues and Operating Expenses for the ensuing Fiscal Year. Manager
shall not be deemed to have made any guarantee concerning projected results contained in the Annual Business Plan, Annual Operating Budget and Annual Capital Budget. 

 4.12.1 Annual Capital Budget. In addition to the provisions set forth
above, the Annual Capital Budget shall describe the estimated useful life and estimated replacement costs for the ensuing full or partial year, as the case may be, for the physical plant, furnishings, equipment, and ordinary capital replacement
items, all of which are defined to be any items, the cost of which is capitalized and depreciated, rather than expensed, using GAAP ( “Capital Replacements”) as shall be required to operate the Enterprise in accordance with sound
business practices. 
  
 4.12.2
Depreciation and Amortization. Furnishings and Equipment shall be depreciated over the reasonable useful life thereof in accordance with GAAP. All transaction costs associated with the Financing shall be amortized equally over the initial
term of the Financing. 
  
 4.13 Capital Replacements.
The Tribe shall effect and expend such amounts for any Capital Replacements as shall be required, in the course of the operation of the Enterprise, to maintain, at a minimum, the Enterprise in compliance with any Legal Requirements and to comply
with Manager’s recommended programs for renovation, modernization and improvement intended to keep the Enterprise competitive in its market, to maintain industry standards; or to correct any condition of an emergency nature, including, without
limitation, maintenance, replacements or repairs which are required to be effected by the Tribe, which in Manager’s sole discretion requires immediate action to preserve and protect the Facility, assure its continued operation, and/or protect
the comfort, health, safety and/or welfare of the Facility’s guests or employees (an “ Emergency Condition “). Manager is authorized to take all steps and to make all expenditures from the Disbursement Account, described at
Section 4.20.4 (in the case of non-capitalized repairs and maintenance), or Capital Replacement Reserve, described at Section 4.14, (in the case of expenditures for Capital Replacements) as it deems necessary to repair and correct any
Emergency Condition, regardless whether such provisions have been made in the Annual Business Plan, Annual Operating Budget and Annual Capital Budget for any such expenditures. Design and installation of Capital Replacements shall be effected in a
time period and subject to such conditions as the Operations Board may establish to minimize interference with or disruption of ongoing operations. 
  
 4.14 Capital Replacement Reserve. The Tribe shall at all times retain complete ownership of the Facility. Manager shall establish a Capital
Replacement Reserve on behalf of the Tribe on the books of account of the Enterprise, and the periodic contributions of cash required by Section 4.15 shall be deposited by the Manager into an account (the “Capital Replacement
Reserve”) established in the Tribe’s name at a bank designated by the Operations Board in accordance with Section 4.20.1 of this Agreement. All amounts in the Capital Replacement Reserve shall be invested in Permitted
Investments in accordance with Section 4.20.6 to the extent that availability of funds, when required, is not thereby impaired. Interest earned on amounts deposited in the Capital Replacement Reserve shall be credited to the Capital
Replacement Reserve and shall be available for payment of expenditures for Capital Replacements to the Facility. Manager shall draw on the Capital Replacement Reserve for Capital Replacements to purchase those items included in the Annual Capital
Budget approved by the Operations Board or such emergency additions, repairs or replacements as shall be required to correct an Emergency Condition or to comply with operating standards. 
  
 4.15 Periodic Contributions to Capital Replacement Reserve. In accordance with Section 6.3 of this Agreement,
Manager shall make monthly deposits on behalf of the Tribe from funds otherwise due and payable to the Tribe to the extent available after the calculation of the Management Fee into the Capital Replacement Reserve in amounts equivalent to an annual
rate of three percent (3%) of Gross Revenues. The cash amounts required to be so deposited shall be calculated and deposited into the Capital Replacement Reserve, in arrears, no later than the fifteenth (15th) day of the month immediately following
the month with respect to which a deposit is made. If any adjustment of Gross Revenues is made as a result of an audit or for other 

 accounting reasons, a corresponding adjustment in the Capital Replacement Reserve deposit shall be made. In addition,
proceeds from the sale of capital items (determined to be capital items in accordance with GAAP) no longer needed for the operation of the Enterprise, and the proceeds of any insurance received in reimbursement for any items previously paid for from
the Capital Replacement Reserve, may be deposited into the Capital Replacement Reserve upon receipt as determined by the Operations Board, but in any event any such deposit shall reduce the amount otherwise required by a like amount. 
  
 4.16 Use and Allocation of Capital Replacement Reserve. Any
expenditures for Capital Replacements which have been budgeted and previously approved may be paid from the Capital Replacement Reserve without further approval from the Tribe. Any amounts remaining in the Capital Replacement Reserve at the close of
any year shall be carried forward and retained in the Capital Replacement Reserve until fully used. 
  
 4.17 Intentionally Deleted. 
  
 4.18 Internal Control Systems. Manager shall install systems for monitoring of all funds (the “Internal Control Systems”), which
systems shall comply with all Legal Requirements, and shall be submitted to the Tribal Gaming Agency for approval in advance of implementation. The Tribe shall retain the right to review all Internal Control Systems and any changes instituted to the
Internal Control Systems of the Enterprise; provided, however that the Internal Control Systems shall at a minimum and at all times comply with the Legal Requirements. The Tribe shall have the exclusive right to select and retain an auditor to
review the adequacy of the Internal Control Systems prior to the Commencement Date, and to review the books of account of the Enterprise from time to time. The cost of such review prior to the Commencement Date shall be a Pre-Opening Expense, and
after the Commencement Date the costs for the auditor shall be an Operating Expense. Any material changes in such systems after the Commencement Date also shall be subject to review in accordance with the Legal Requirements. Manager shall have the
right and duty to maintain and police the Internal Control Systems in order to prevent any loss of proceeds from the Enterprise. The Tribal Gaming Agency shall have the right to inspect and oversee the Internal Control System at all times. Manager
shall install a closed circuit television system to be used for monitoring the cash handling activities of the Enterprise sufficient to meet all Legal Requirements. 
  
 4.19 Surveillance System. Subject to the provisions of the Compact, a surveillance system (including, without
limitation, closed-circuit television) for monitoring the activities of the customers, employees, supervisors and management personnel, as well as the tracking of the movement of all funds into, within and out of the Enterprise, shall be maintained
by the Manager. 
  
 4.20 Banking and Bank Accounts.

  
 4.20.1 Enterprise Bank
Accounts. The Operations Board shall select and approve a bank or banks for the deposit and maintenance of funds and shall establish in such bank or banks accounts as Manager deems appropriate and necessary in the course of business and as
consistent with this Agreement (“Enterprise Bank Accounts”). Establishment of any Enterprise Bank Account shall be subject to the approval of the Operations Board. The sum of money agreed to by the Operations Board to be maintained
in the Enterprise Bank Account(s) to serve as working capital for Enterprise operations, shall include all sums needed for the House Bank, and all sums needed to accrue for payment of expenses not paid on a monthly basis (the “Minimum
Balance”). The Tribe will execute irrevocable banking instructions pursuant to customary commercial forms with regard to each Enterprise Bank Account to be in effect during the Term of this Agreement in form and substance satisfactory to
the Tribe, the Operations Board and the Manager. 

 4.20.2 No Cash Disbursements. Manager shall not make any cash disbursements
from the Enterprise Bank Accounts except for the payment of cash prizes; and except for such cash disbursements, any and all payments or disbursements by the Manager shall be made by check or wire transfer drawn against an Enterprise Bank Account.

  
 4.20.3 Daily Deposits to Depository
Account. Manager shall establish in the Tribe’s name, or for the benefit of the Tribe in the Enterprise’s name, a Depository Account. Manager shall collect all Gross Revenues and other proceeds connected with or arising from the
operation of the Enterprise, the sale of all products, food and beverage, and all other activities of the Enterprise and deposit the related cash daily into the Depository Account at least once during each twenty-four (24) hour period. All money
received by the Enterprise on each day that it is open must be counted at the close of operations for that day or at least once during each twenty-four (24) hour period. Manager agrees to obtain a bonded transportation service to effect the safe
transportation of the daily receipts to the bank, the expense for which shall constitute an Operating Expense. 
  
 4.20.4 Disbursement Account. Manager shall establish in the Tribe’s name, or for the benefit of the Tribe in the
Enterprise’s name, a Disbursement Account. Manager shall, consistent with and pursuant to the approved Annual Business Plan, Annual Operating Budget and Annual Capital Budget, have responsibility and authority for making all payments for
Operating Expenses, debt service, Management Fees, fees paid to the Developer pursuant to the Development Agreement, and distributions to the Tribe from the Disbursement Account. 
  
 4.20.5 Transfers Between Accounts. Manager has the authority to transfer funds from and
between the Enterprise Bank Accounts to the Disbursement Account in order to pay Operating Expenses and to pay debt service and fees to the Developer pursuant to the Development Agreement, to invest funds in Permitted Investments and to pay the
Management Fees payable to Manager and distributions to the Capital Replacement Reserve and to the Tribe pursuant to this Agreement. 
  
 4.20.6 Investment of Funds. The Manager may invest and reinvest all money held in the Enterprise Bank Accounts in such
Permitted Investments as the Manager may from time to time direct. Such Permitted Investments shall be registered in the name of the Tribe and held by or under the control of the Tribe. Such investments and reinvestments shall be made giving full
consideration for the time at which funds are required to be available under this Agreement. The Manager shall, in such order of priority as the Manager may from time to time direct, sell such investments as and when required to make any payment
from the Disbursement Account. Any income received on such investments shall be credited to the Disbursement Account. 
  
 4.21 Insurance. Manager, on behalf of the Tribe, shall arrange for, obtain and maintain, or cause its agents to maintain, with responsible
insurance carriers licensed to do business in the State, insurance (including coverage of public liability and property loss or damage) satisfactory to Manager and the Operations Board covering the Facility and the operations of the Enterprise,
naming the Tribe, Manager, and Manager’s Affiliates as insured parties. 
  
 4.22 Accounting and Books of Account. 
  
 4.22.1 Statements. Manager shall prepare and provide to the Tribe on a monthly, quarterly, and annual basis, operating statements. The operating statements 

 shall comply with all Legal Requirements and shall include an income statement, statement of cash flows,
and balance sheet and statement of capital for the Enterprise in accordance with GAAP. Such statements shall include the Annual Business Plan, Annual Operating Budget and Annual Capital Budget projections as comparative statements, and which, after
the first full year of operation, will include comparative statements from the comparable period for the prior year of Gross Revenues and Operating Expenses. Such statements shall be prepared in accordance with GAAP. The Tribe will also promptly
provide to Manager such other information concerning the business, property or financial condition of the Enterprise as Manager may reasonably request. 
  
 4.22.2 Books of Account. Manager shall maintain full and accurate books of account at an office in the Facility and at such
other location as may be determined by Manager in its discretion. The Tribe shall have access to the daily operations of the Enterprise and shall have the unlimited right to inspect, examine, and copy all such books and supporting business records.
Such rights may be exercised through the Operations Board or through an agent, employee, attorney, or independent accountant acting on behalf of the Tribe. 
  
 4.22.3 Accounting Standards. Manager shall maintain the books and records reflecting the operations of the Enterprise in
accordance with the accounting practices of Manager in conformity with GAAP consistently applied and shall adopt and follow the fiscal accounting periods utilized by Manager in its normal course of business (i.e., a month, quarter and year prepared
in accordance with the Tribe’s Fiscal Year). The accounting systems and procedures shall comply with Legal Requirements and, at a minimum: 
  
 (a) include an adequate system of internal accounting controls; 
  
 (b) permit the preparation of financial statements in accordance with GAAP; 
  
 (c) be susceptible to audit; 
  
 (d) permit the calculation and payment of the Management Fee
described in Section 6.6; 
  
 (e) permit the
calculation of annual fees due for Class II Gaming pursuant to 25 C.F.R. § 514.1 of the NIGC regulations; and 
  
 (f) provide for the allocation of operating expenses or overhead expenses among the Tribe, the Enterprise, and any other user of shared facilities
and services. 
  
 4.22.4 Annual Audit.
A nationally recognized certified public accounting firm with demonstrated experience and expertise in the gaming industry selected and approved by the Tribe, shall perform an annual audit of the books and records of the Enterprise and of all
contracts for supplies, services or concessions reflecting Operating Expenses. Such audits shall be provided by the Tribe to all applicable federal and state agencies, as required by Legal Requirements, and may be used by Manager for reporting
purposes under federal and state securities laws, if required. The reasonable costs actually incurred in good faith of such audits shall be an Operating Expense.  
  
 5. Liens. 
  
 5.1 Representation and Warranty. Subject to the exceptions hereinafter stated in Section 5.2, the Tribe specifically warrants and represents
to Manager that during the Term the Tribe shall not act in any way whatsoever to cause or suffer any person or entity to become an encumbrancer or lienholder of the Enterprise property, other than Manager or Lender, or to allow any person or entity
to obtain any interest in this Agreement without the prior written consent of Manager, and, where applicable, consent from the BIA or NIGC. The Tribe and Manager (to the 

 extent within the Manager’s control) shall keep the Enterprise free and clear of all enforceable liens which may
attach to the Enterprise, and the real property components of the Facility shall at all times remain the property of the United States in trust for the Tribe. If any such lien is claimed or filed, it shall be the duty of the Tribe to discharge the
lien within thirty (30) days after having been given written notice of such claim, either by payment to the claimant, by the posting of a bond and the payment into the court of the amount necessary to relieve and discharge the Enterprise from such
claim, or in any other manner which will result in the discharge or stay of such claim. Manager is hereby authorized to act in behalf of the Tribe to discharge any liens. 
  
 5.2 Exceptions. The Tribe shall have the right to grant security interests in Enterprise revenues for Enterprise
indebtedness included in the Annual Operating Budget subordinated to the interests of the Manager, as well as first priority security interests in any Enterprise assets for the Financing. 
  
 6. Management Fee, Reimbursements, Disbursements, and Other Payments by Manager. 
  
 6.1 Disbursements. As and when received by the Enterprise, Gross
Revenues shall be deposited in the Depository Account created pursuant to Section 4.20.3 of this Agreement. There shall, in turn, be disbursed as directed by Manager, on no less frequently than a monthly basis, for and on behalf of the Tribe,
funds from the Enterprise Bank Account(s) to pay, to the extent available, Operating Expenses and required deposits into the Capital Replacement Reserve for Capital Replacements. The Manager shall be responsible for assuring that the bills and
expenses of the Enterprise are paid out of Gross Revenues or the proceeds of the Financing to the extent available. Subject to the reasonable approval of the Operations Board, Manager will reserve funds in the Enterprise in amounts equal to the
Minimum Balance, and Manager may increase the Minimum Balance, at any time following the Commencement Date to reflect unanticipated working capital needs revealed by actual Enterprise operations. 
  
 6.2 Adjustment to Bank Account. After the disbursements pursuant to
Section 6.1, and establishment of any additional reserves for future disbursements as Manager deems necessary taking into account anticipated cash flow and Operating Expenses of the Enterprise, any excess funds remaining in the Enterprise
Bank Account(s) over the Minimum Balance, the Capital Replacement Reserve, and such additional reserves, shall be disbursed monthly in accordance with Section 6.3. 
  
 6.3 Payment of Fees and Tribe Disbursement. Within fifteen (15) days after the end of each calendar month of
operations, Manager shall calculate Gross Revenues, Operating Expenses, and Net Revenues of the Enterprise for the previous month’s operations and the year’s operations to date. Such Net Revenues, less any reasonable reserve requirements,
shall be disbursed from the Enterprise Bank Account(s) to the extent available to pay the scheduled items to the extent due and payable and earned in the following order of priority: 
  
 (a) the Minimum Monthly Payment described in Section 6.4.1; 
  
 (b) current principal and any other payments due pursuant to the
Financing Agreements, and, if payments are due quarterly, a reserve equal to one-third (1/3) of the scheduled quarterly payment shall be deposited in a designated Enterprise Bank Account for such payment, and may be invested in accordance with
Section 4.20.6; 
  
 (c) recoupment payments to
Manager for funds advanced to the Tribe for Minimum Monthly Payments made for any prior period, and payment to the Developer of the Development Fee under the Development Agreement; 
  
 (d) Management Fees for the current period or any prior period to the extent of insufficient funds for the prior
period; and 
  
 (e) Capital Replacement Reserve
contributions as described in Section 4.15. 

 All remaining Net Revenues (the “Monthly Distribution Payment”) and cash from any prior period shall be
distributed to the Tribe at the same time the Management Fee is paid. The priority of payments from available funds which is described in this Section 6.3 does not control the calculation of the amount of each of these obligations. The
calculation of the amounts of these obligations shall be as otherwise provided by this Agreement or such other agreements pursuant to which such amount is specified. The Manager and the Tribe agree that they will disburse all Net Revenues and pay
all Operating Expenses in accordance with the terms of this Section 6.3. 
  
 6.4 Monthly Payments. 
  
 6.4.1 Minimum Monthly Payment. The Manager shall disburse from the Enterprise Bank Account(s) to the Tribe One Hundred Thousand Dollars ($100,000.00) per month (the “Minimum Monthly
Payment”), beginning one month after the Commencement Date and continuing for the remainder of the Term. Such Minimum Monthly Payment shall be the same, and not in addition to, the minimum monthly payment required under the Development
Agreement. The Minimum Monthly Payment shall be payable to the Tribe in arrears on the fifteenth (15th) day of each calendar month following the month in which the Commencement Date occurs, which payment shall have priority as stated in Section
6.3. If the Commencement Date is a date other than the first day of a calendar month, the first payment will be prorated from the Commencement Date to the end of the month. Minimum Monthly Payments shall be charged against the Tribe’s
distribution of Net Revenues for each month. Minimum Monthly Payments shall be made for any month during which Gaming is conducted, including those months when Gaming is conducted for only a part of a month. No Minimum Monthly Payment shall be owed
for any full month during which Gaming is suspended or terminated at the Facility pursuant to Section 4.4, and the obligation to make Minimum Monthly Payments shall cease upon termination of this Agreement. Except as provided in the preceding
sentence of this Section 6.4.1, Manager’s obligation to pay the Tribe the Minimum Monthly Payment is unconditional, and shall not be affected by the actual level of Net Revenues generated by the Enterprise. 
  
 6.5 Payment of Net Revenues. The Net Revenues paid to the Tribe
pursuant to this Section 6 shall be payable to a Tribal bank account specified by the Tribal Council in a notice to Manager pursuant to Section 9.2. 
  
 6.6 Management Fee. Subject to the provisions of Section 6.3, on or before the fifteenth (15th) day of each
month beginning in the first calendar month after the Commencement Date and ending on the seventh (7th) anniversary of the Commencement Date, Manager is authorized by the Tribe to pay itself from the Enterprise Bank Account(s) for seven (7) years a
fee equal to Twenty-four percent (24%) of the Net Revenues. Unless otherwise agreed to by the parties in writing, any remaining Management Fee due to the Manager at the end of the Term shall be paid to Manager by the Tribe within twenty-one (21)
days of the end of the Term. 
  
 6.7 Annual Statement and
Adjustment of Management Fee. Within ninety (90) days following the end of the Fiscal Year in which the Commencement Date occurs and thereafter following the end of each Fiscal Year (or portion thereof) until the date all Management Fees are
paid, the Tribe shall provide to Manager operating statements derived from audited financial statements (the “Year End Operating Statements” ) for the preceding Fiscal Year, which after a full year of operation will include
comparative statements, which set forth among other things, Gross Gaming Revenue, Gross Revenues, Operating Expenses, Net Revenues (gaming), Net Revenues (other), Cash Flow from Operations and the amount of the Management Fee paid or payable to
Manager pursuant to Section 6.6. Such statements shall be prepared in 

 accordance with GAAP, consistently applied and shall be certified as true, complete and accurate by nationally recognized
independent auditors with demonstrated experience and expertise in the gaming industry selected by the Tribe after consultation with Manager. Manager shall have the right to audit these Year End Operating Statements by examination of all or any part
of the books and records of the Enterprise as Manager, in its sole discretion, may require. To the extent that the Manager’s audit of the Year End Operating Statements determines that the Management Fees paid during the preceding Fiscal Year
require adjustment in order to accurately reflect the amount due as provided by Section 6.6 of this Agreement, such adjustment shall be made within fifteen (15) days of notification by Manager to the Tribe. In the event that the Tribe
disputes the results of Manager’s audit of the Year End Operating Statements, such matter shall be decided in accordance with Section 18. 
  
 6.8 Manager’s Compensation Cap. Notwithstanding any other provision in this Agreement to the contrary, pursuant to 25 C.F.R. § 531.1(i),
all Gaming related fees and compensation received by Manager pursuant to this Agreement will not in the aggregate equal more than thirty percent (30%) (the “Cap”) of the Net Revenues (gaming) per annum. The parties acknowledge that
all non-Gaming fees and compensation are not included in or subject to the Cap. 
  
 7. Trade Names, Trade Marks and Service Marks. 
  
 7.1 Enterprise Name. The Enterprise shall be operated under a business name which readily identifies the Enterprise to the public along with a reference to the Tribe or such other name as the parties may agree (the
“Enterprise Name”). 
  
 7.2 Marks. Prior
to the Commencement Date and from time to time during the Term hereof, Manager agrees to erect and install, in accordance with applicable codes and regulations, all signs Manager deems necessary in, on or about the Facility, including, but not
limited to, signs bearing the Enterprise Name. The costs of purchasing, leasing, transporting, constructing, maintaining and installing the required signs and systems shall be part of the Pre-Opening Expenses or Operating Expenses as appropriate.

  
 7.2.1 Tribe’s Marks. The
Manager agrees to recognize the exclusive right of ownership of the Tribe to all of the Tribe’s service marks, trademarks, copyrights, trade names, patents or other similar rights or registrations, now or hereafter held or applied for in
connection therewith; these marks shall include all marks which are unique to and developed for the Gaming Facility (collectively, the “Tribe’s Marks”). The Manager hereby disclaims any right or interest therein, regardless of
any legal protection afforded thereto. The Manager acknowledges that all of the Tribe’s Marks might not be used in connection with the Gaming Enterprise, and the Tribe shall have sole discretion to determine which Tribe’s Marks shall be so
used. The Manager shall not use the Tribe’s name, or any variation thereof, directly or indirectly, in connection with (a) a private placement or public sale of securities or other comparable means of financing or (b) press releases and other
public communications, without the prior written approval of the Tribe. 
  
 The Tribe and Manager hereby agree that in the event the Tribe and/or Manager is (are) the subject of any litigation or action brought by any party seeking to restrain the use, for or with respect to the Enterprise,
by the Tribe and/or Manager of any Tribe’s Mark used by Manager for or in connection with the Gaming Enterprise, any such litigation or action shall be defended entirely at the expense of the Tribe, notwithstanding that the Tribe may not be
named as a party thereto. In the event the Tribe desires to bring suit against any user of any Tribe’s Mark, seeking to restrain such user from using any Tribe’s Mark, then such suit shall be brought only with the consent of the Tribe, and
at the expense of the Tribe, notwithstanding that such user may be a prior or subsequent 

 user. In all cases the conduct of any suit whether brought by the Tribe and/or Manager on behalf of the
Tribe or instituted against the Tribe and/or Manager shall be under the absolute control of the Tribe notwithstanding that the Tribe may not be a party to such suit. The Manager, at its sole cost, shall have the right to engage its own legal counsel
and the Manager’s own counsel shall have the right to non-controlling participation in any such litigation. The Manager shall have the right at any time during the course of such litigation to withdraw from participation therein. The Tribe
hereby agrees to hold Manager harmless from and to indemnify Manager against any judgments or awards of any court or administrative agency of competent jurisdiction, whether such awards be in the form of damages, costs or otherwise, which Manager is
required to pay and/or pays arising from the use of any Tribe’s Marks or names or similar rights or registrations for or in connection with the Enterprise; provided, however, that Manager cannot effect a settlement of such suit without the
prior written consent of the Tribe. 
  
 7.2.2
Manager’s Marks. The Tribe agrees to recognize the exclusive right of ownership of Manager and/or Manager’s Affiliates to all Manager’s service marks, trademarks, copyrights, trade names, patents or other similar rights or
registrations now or hereafter held or applied for in connection therewith, including, but not limited to, any and all use of the words “Mohegan”, “Sun” or “Mohegan Sun” in any way associated with gaming, resorts, or
hotels, or any and all enterprises, services or products relating thereto (collectively, the “Manager’s Marks”). The Tribe hereby disclaims any right or interest therein, regardless of any legal protection afforded thereto. The
Tribe acknowledges that all of Manager’s Marks might not be used in connection with the Enterprise, and Manager, with the prior written consent of the Tribe, shall have sole discretion to determine which Manager’s Marks shall be so used.
The Tribe covenants that in the event of termination, cancellation or expiration of this Agreement, whether as a result of a default by Manager or otherwise, the Tribe shall not hold itself out as, or continue operation of the Enterprise as
Manager’s casino nor will it utilize any of Manager’s Marks or any variant thereof in the operation of its Facility. The Tribe agrees that Manager or its respective representative may, at any time thereafter, enter the Facility for the
sole purpose of removing all signs, furnishings, printed material, emblems, slogans or other distinguishing characteristics which are now or hereafter may be connected or identified with Manager or which carry any Manager’s Mark and shall leave
the premises in suitable condition. Without limiting the foregoing, the Tribe shall not use the name “Mohegan”, “Mohegan Sun”, “Mohegan Tribal Gaming Authority” or any variation thereof, directly or indirectly, in
connection with (a) a private placement or public sale of securities or other comparable means of financing or (b) press releases and other public communications, without the prior approval of Manager. 
  
 The Tribe and Manager hereby agree that in the event the
Tribe and/or Manager is (are) the subject of any litigation or action brought by any party seeking to restrain the use, for or with respect to the Enterprise, by the Tribe and/or Manager of any Manager’s Mark used by Manager for or in
connection with the Enterprise, any such litigation or action shall be defended entirely at the expense of Manager, notwithstanding that Manager may not be named as a party thereto. In the event the Tribe desires to bring suit against any user of
any Manager’s Mark, seeking to restrain such user from using any Manager’s Mark, then such suit shall be brought only with the consent of Manager and at the expense of Manager notwithstanding that such user may be a prior or subsequent
user. In all cases the conduct of any suit whether brought by the Tribe and/or Manager or instituted against the Tribe and/or Manager shall be under the absolute control of Manager notwithstanding that Manager may not be a party to such suit. The
Tribe, at its sole cost, shall have the right to engage its own legal counsel and the Tribe’s own counsel shall have the right to non-controlling participation in any such litigation. The Tribe shall have the right at any time during the course
of such litigation to withdraw from participation therein. Manager hereby agrees to hold the Tribe harmless from and to 

 indemnify the Tribe against any judgments or awards of any court or administrative agency of competent
jurisdiction, whether such awards be in the form of damages, costs or otherwise, which the Tribe is required to pay and/or pays arising from the use of any Manager’s Marks for or in connection with the Enterprise; provided, however, that the
Tribe cannot effect a settlement of such suit without the prior written consent of Manager. 
  
 8. Taxes. 
  
 8.1 State
and Local Taxes. If the State or any local government attempts to impose any tax including any possessory interest tax upon any party to this Agreement with respect to the Enterprise, the Facility or the Property, the Enterprise in the name of
the appropriate party or parties in interest, shall resist such attempt through legal action. This Section 8.1 shall in no manner be construed to imply that any party to this Agreement or the Enterprise is liable for any such tax. 

 
 8.2 Tribal Taxes. The Tribe agrees that neither it nor any
Affiliate or representative of the Tribe will impose any taxes, fees, assessments or other charges of any nature whatsoever on payments of any debt service to any lender furnishing financing for the Facility or for the Enterprise, or on the
Enterprise, the Facility, the revenues therefrom or on the Management Fee as described in Section 6.6 of this Agreement or any other payments to Manager or any of its Affiliates. The Tribe further agrees that neither it nor any Affiliate or
representative of the Tribe will impose any taxes, fees, assessments or other charges of any nature whatsoever on the salaries or benefits, or dividends paid to, any of Manager’s or its Affiliates’ officers, directors, or employees, or any
of the employees of the Enterprise, or any provider of goods, materials or services to the Enterprise. In accordance with Section 12, Manager retains the right, in its sole discretion, to terminate this Agreement and all related agreements if
it reasonably determines that any statute, law, code or regulation of the Tribe renders operation of the Enterprise, or any component thereof, uncompetitive. The Tribe agrees that, although it has the power to do so, it recognizes the importance of
remaining competitive, and therefor it will not levy or assess any sales, use, room occupancy and related excise taxes, including tourism, admissions and cabaret taxes and any other taxes which are more onerous than corresponding or similar taxes
which may be imposed by the State or local or county governments in the surrounding area including any goods or services supplied as Promotional Allowances. Except as otherwise provided herein, if any taxes, fees or assessments are levied by the
Tribe, such taxes, fees and assessments shall constitute Operating Expenses of the Enterprise.  
  
 9. General Provisions. 
  
 9.1 Situs of the Contracts. This Agreement and any other related agreements, as well as all contracts entered into between the Tribe and any person or any entity providing services to the Enterprise, shall be deemed entered into in
Clark County, Washington and shall be governed by and construed in accordance with Washington law and, to the extent applicable, federal law. 
  
 9.2 Notice. Any notice required to be given pursuant to this Agreement shall be delivered to the appropriate party by Certified Mail, postage
prepaid, Return Receipt Requested, by facsimile or nationally recognized overnight delivery service, addressed as follows: 
  

			
	 If to the
 Tribe:
	 	 The Cowlitz Indian Tribe
 1055 9th Avenue
 PO Box 2547
 Longview, WA 98632
 Attention: Tribal Chairperson

			
	If to the Manager:	  	 Salishan-Mohegan, LLC
 4400 Two Union
Square
 601 Union Street
 Seattle, WA 98101

		
	 With a copy to:
	  	 Mohegan Ventures-Northwest, LLC
 5 Crow Hill
Road
 Uncasville, CT 06382
 Attention: Chairman and Chief
Financial Officer

  
 or to such other different address(es)
as the parties may specify in writing using the notice procedure called for in this Section 9.2. Any such notice shall be deemed given two (2) days following deposit in the United States mail or upon actual delivery, whichever first occurs.
The parties also designate the persons above named as agents for receipt of service of process. 
  
 9.3 Authority to Execute and Perform Agreement. The Tribe and Manager represent and warrant that they each have full power and authority to execute
this Agreement and to be bound by and perform the terms hereof. On request, each party shall furnish the others evidence of such authority. 
  
 9.4 Relationship. The Tribe shall not be construed as a joint venturer or partner of Manager by reason of this Agreement and neither shall have the
power to bind or obligate Manager or be bound by the acts, errors or omissions of Manager except as set forth in this Agreement. 
  
 9.5 Manager’s Contractual Authority. Manager is authorized to make, enter into and perform in the name of and for the account of the Tribe,
doing business as the Enterprise, such contracts deemed necessary by Manager to perform its obligations under this Agreement, provided such contracts comply with the terms and conditions of this Agreement, including, but not limited to, Section
4.2.4 , and provided such contracts do not obligate the Enterprise to pay sums not approved in the Annual Business Plan, Annual Operating Budget and Annual Capital Budget. 
  
 9.6 Further Actions. The Tribe and Manager agree to execute all contracts, agreements and documents and to take all
actions necessary to comply with the provisions of this Agreement and the intent hereof. 
  
 9.7 Defense. Except for disputes between the Tribe and Manager, and claims relating to the Tribe’s status as a Tribe or the trust status of the Property, Manager shall bring and/or defend and/or settle any
claim or legal action brought against Manager, any Manager Employee, the Enterprise or the Tribe, individually, jointly or severally, or any Enterprise Employee, arising from or in connection with the operation of the Enterprise. Manager shall
retain and supervise legal counsel, accountants and such other professionals, consultants and specialists as Manager deems appropriate to defend any such claim or cause of action. All liabilities, costs and expenses, including reasonable
attorneys’ fees and disbursements incurred in defending and/or settling any such claim or legal action which are not covered by insurance, shall be an Operating Expense, or, if incurred prior to the Commencement Date, shall be a Pre-Opening
Expense. Nothing contained herein is a grant to Manager of the right to waive the Tribe’s or the Enterprise’s sovereign immunity. That right is strictly reserved to the Tribe. Any settlement of a third party claim or cause of action shall
require approval of the Operations Board. 

 9.8 Waivers. No failure or delay by Manager or the Tribe to insist upon the strict performance of
any covenant, agreement, term or condition of this Agreement, or to exercise any right or remedy consequent upon the breach thereof, shall constitute a waiver of any such breach or any subsequent breach of such covenant, agreement, term or
condition. No covenant, agreement, term, or condition of this Agreement and no breach thereof shall be waived, altered or modified except by written instrument signed by the parties waiving, altering or modifying such terms. No waiver of any breach
shall affect or alter this Agreement, but each and every covenant, agreement, term and condition of this Agreement shall continue in full force and effect with respect to any other then existing or subsequent breach thereof. No waiver on one
occasion shall constitute a waiver on future occasions unless specifically set forth in such waiver. 
  
 9.9 Captions. The captions of each article, section and subsection contained in this Agreement are for ease of reference only and shall not affect
the interpretational meaning of this Agreement. 
  
 9.10
Severability. If any provision, or any portion of any provision, of this Agreement is found to be invalid or unenforceable, such unenforceable provision, or unenforceable portion of such provision, shall be deemed severed from the remainder of
this Agreement and shall not cause the invalidity or unenforceability of the remainder of this Agreement. If any provision, or any portion of any provision, of this Agreement is deemed invalid due to its scope or breadth, such provision shall be
deemed valid to the extent of the scope or breadth permitted by law. If, however, any material part of a party’s rights under this Agreement or any related agreement or instrument executed by the parties shall be declared invalid or
unenforceable (specifically including Manager’s right to receive Management Fees) the party whose rights have been declared invalid or unenforceable shall have the option to terminate this Agreement upon thirty (30) days’ written notice to
the other party, without liability on the part of the terminating party. A termination pursuant to this Section shall be subject to the terms and conditions of Section 12.4 (a) through (f). 
  
 9.11 Interest. Except for the Minimum Monthly Payment to the Tribe,
any amount payable to Manager or the Tribe by one party which has not been paid when due shall accrue interest at the same rate as set forth in the Financing Agreements. 
  
 9.12 Intentionally Deleted. 
  

9.13 Financing Plan. In accordance with the Development Agreement, the Tribe shall, prior to the Approval Date, make available or otherwise
cause to be established a development fund into which shall be deposited all of the proceeds of the Financing. The Tribe’s total repayment obligation pursuant to the Development Agreement, the Financing Agreements and any other agreements that
relate to development and construction costs shall not exceed the principal amount of Four Hundred Million Dollars ($400,000,000), provided, however, this maximum amount shall not limit the Tribe’s obligation to pay to Manager all fees,
expenses and reimbursements under this Agreement, including, but not limited to, the Management Fee. 
  
 9.14 Travel and Out-of-Pocket Expenses. Manager shall be reimbursed for all travel and out-of-pocket expenses reasonably incurred in the
performance of this Agreement. Subject to the Annual Operating Budget, all travel and out-of-pocket expenses of Enterprise Employees and Manager Employees reasonably incurred in the performance of their duties shall be an Operating Expense.

  
 9.15 Third Party Beneficiary. This Agreement is
exclusively for the benefit of the parties hereto and it may not be enforced by any party other than the parties to this Agreement and shall not give rise to liability to any third party other than the authorized successors and assigns of the
parties hereto as such are authorized by this Agreement; provided, however, that nothing herein shall limit the rights of the Tribal Gaming Agency to enforce applicable provisions of the Agreement. 

 9.16 Brokerage. Manager and the Tribe each represent and warrant to the other that it has not
sought the services of a broker, finder or agent in this transaction, and it has not employed, nor authorized, any other person to act in such capacity. Manager and the Tribe each hereby agrees to indemnify and hold the others harmless from and
against any and all claims, loss, liability, damage or expenses (including reasonable attorneys’ fees) suffered or incurred by the others as a result of a claim brought by a person or entity engaged or claiming to be engaged as a finder, broker
or agent by the indemnifying party. 
  
 9.17 Survival of
Covenants. Any covenant, term or provision of this Agreement which, in order to be effective, must survive the termination of this Agreement, shall survive any such termination. 
  
 9.18 Estoppel Certificate. Manager and the Tribe agree to furnish to the others, from time to time upon request, an
estoppel certificate in such reasonable form as the requesting party may request stating whether there have been any defaults under this Agreement known to the party furnishing the estoppel certificate and such other information relating to the
Enterprise as may be reasonably requested. 
  
 9.19 Periods of
Time. Whenever any determination is to be made or action is to be taken on a date specified in this Agreement, if such date shall fall on a Saturday, Sunday or legal holiday under the laws of the Tribe or the State, then in such event said date
shall be extended to the next day which is not a Saturday, Sunday or legal holiday. 
  
 9.20 Preparation of Agreement. This Agreement shall not be construed more strongly against any party regardless of who is responsible for its preparation. 
  
 9.21 Exhibits. All exhibits attached hereto are incorporated herein by
reference and made a part hereof as if fully rewritten or reproduced herein. 
  
 9.22 Successors and Assigns. The benefits and obligations of this Agreement shall inure to and be binding upon the parties hereto and their respective successors and assigns. All proposed assignees shall agree
to be bound by the terms and conditions of this Agreement. No party may assign this Agreement or its rights and obligations hereunder without the prior written consent of the other party, such consent not to be unreasonably withheld. No assignment
authorized hereunder shall be effective until all applicable Legal Requirements have been met. 
  
 9.23 Intentionally Deleted. 
  
 9.24 Stay, Extension and Usury Laws. The Tribe covenants (to the extent that it may lawfully do so) that it shall not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay,
extension or usury law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this Agreement, and the Tribe (to the extent that it may lawfully do so) hereby expressly waives all benefit or
advantage of any such law, and covenants that it shall not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to Manager, but shall suffer and permit the execution of every such power as though no such law
has been enacted. 
  
 9.25 Time is of the Essence. Time is
of the essence in the performance of this Agreement. 

 9.26 Confidential Information. 
  
 9.26.1 Information. The parties agree that any information received concerning the others
during the performance of this Agreement, regarding the parties’ organization, financial matters, marketing plans, or other information of a proprietary nature (the “Confidential Information”), will be treated by the parties in full
confidence and, except as required to allow the parties to perform their respective covenants and obligations hereunder, or in response to legal process or appropriate and necessary inquiry or as required by state or Federal securities, gaming, or
other laws or regulations, will not be revealed to any other persons, firms or organizations. This provision shall survive the termination of this Agreement for a period of two (2) years. 
  
 9.26.2 Non-disclosure. The obligations not to
use or disclose the Confidential Information shall not apply to Confidential Information which (i) has been made previously available to the public by the Tribe or Manager or Manager’s Affiliates or becomes generally available to the
public, unless the Confidential Information being made available to the public results in a breach of this Agreement, (ii) prior to disclosure to the Tribe or Manager or Manager’s Affiliates, was already rightfully in any such
person’s possession, or (iii) is obtained by the Tribe or Manager or Manager’s Affiliates from a third party who is lawfully in possession of such Confidential Information, and not in violation of any contractual, legal or fiduciary
obligation to the Tribe or Manager or Manager’s Affiliates, with respect to such Confidential Information and who does not require the Tribe or Manager or Manager’s Affiliates to refrain from disclosing such Confidential Information to
others. 
  
 9.27 Patron Dispute Resolution. Patron disputes
concerning the play of Gaming which cannot be resolved on an informal basis shall be addressed and resolved in accordance with the Compact, the Tribal Gaming Ordinance, and the regulations promulgated thereunder. 
  
 9.28 Modification. Any change to or modification of this Agreement
must be in writing, signed by both parties hereto and shall be effective only upon approval by the Chairman of the NIGC, the date of signature of the parties notwithstanding. 
  
 9.29 Indemnification of Manager. To the fullest extent permitted by law, the Tribe shall fully protect, indemnify,
defend and hold harmless Manager, its Affiliates and their respective members, partners, officers, directors, agents, sureties, servants and employees and successors and assigns (hereinafter collectively, “ Indemnitees “) for, from
and against any and all liabilities, claims, damages, demands, losses, costs or expenses (including, without limitation, attorneys’ fees for counsel of Manager’s choosing), arising out of or resulting from, either directly or indirectly,
the performance of this Agreement and whether or not arising from the sole or contributory negligence of the Manager, provided that the foregoing indemnity will not, as to any indemnified person, apply to losses, claims, damages, liabilities or
related expenses to the extent they are found by a final, non-appealable judgment of a court to arise from the willful misconduct or gross negligence of such indemnitees. The cost of defending a lawsuit pursuant to this Section as well as any
liability, damages, demands, losses, costs or expenses incurred by Manager shall be a reimbursable expense where incurred prior to the Commencement Date, which the Tribe agrees to reimburse Manager promptly upon request, and an Operating Expense
where incurred after the Commencement Date, and shall be payable as incurred by Manager. Nothing in this Section shall be construed to waive or limit the Tribe’s sovereign immunity. 
  
 10. Warranties. 
  
 10.1 Definitions. As used in this Section 10, “Member of the Tribal Council” means any member of the Tribal Council, the
Tribal Gaming Agency, any independent board or 

 body created to oversee any aspect of Gaming, and any Tribal court official, and “Relative” means an
individual residing in the same household who is related as a spouse, father, mother, son or daughter. 
  
 10.2 Noninterference in Tribal Affairs. Manager agrees not to interfere in or attempt to wrongfully influence the internal affairs or government
decisions of the Tribal Council by offering cash incentives, by making written or oral threats to the personal or financial status of any person, or by any other action, except for actions in the normal course of business of Manager that relate to
the Enterprise. For the purposes of this Section 10.2, if any such undue interference in Tribal affairs is alleged by the Tribal Council in writing and the NIGC finds that Manager has unduly interfered with the internal affairs of the Tribal
Council and has not taken sufficient action to cure and prevent such interference, that finding of interference shall be grounds for termination of the Agreement. Manager shall be entitled to immediate written notice and a complete copy of any such
complaint to the NIGC. 
  
 10.3 Prohibition of Payments to
Members of Tribal Council. Manager represents and warrants that no payments have been or will be made by Manager or Manager’s Affiliates, to any Member of the Tribal Council or any Relative of a Member of Tribal Council for the purpose of
obtaining any special privilege, gain, advantage or consideration. 
  
 10.4 Prohibition of Hiring Members of Tribal Council. No member of the Tribal Gaming Agency shall be employed at the Enterprise. No Member of the Tribal Council or Relative of a Member of the Tribal Council may be employed at the
Enterprise or by Manager or its Affiliates without a written waiver of this Section 10.4 by the Tribe. For this purpose, the Tribe will identify all such persons to Manager in writing and take reasonable steps to keep the list current;
Manager shall not be held responsible if any person not on such written list is employed. 
  
 10.5 Prohibition of Financial Interest in Enterprise. No Member of the Tribal Council or Relative of a Member of the Tribal Council shall have a direct or indirect financial interest in the Enterprise greater
than the interest of any other member of the Tribe. 
  
 10.6
Preservation of Agreement. The Manager and the Tribe each warrant and represent that they shall not act in any way whatsoever, directly or indirectly, to cause this Agreement to be amended, modified, canceled, or terminated, except pursuant to
Section 9.28. In furtherance thereof, the Tribe warrants and represents that it shall not enter into any contract or agreement binding upon the Enterprise which materially adversely affects the rights and obligations of the Manager under this
Agreement. The Manager and the Tribe each warrants and represents to the other that it shall take all actions necessary to ensure that this Agreement shall remain in full force and effect at all times. 
  
 10.7 Ownership of the Facility. The Tribe warrants and represents
that, during the Term, the Tribe shall be the owner of the Facility and the Enterprise, except for that portion of the Facility which constitutes real property and is held in trust by the United States of America for the benefit of the Tribe and
except as otherwise specifically provided in this Agreement. In the event that the Tribe desires to transfer all or any portion of the Facility or the Enterprise to a wholly owned tribally chartered business enterprise or authority, the Tribe shall
deliver prior written notice thereof to the Manager and such enterprise or authority shall agree in writing to be bound by the terms and conditions of this Agreement and to be liable for (together with the Tribe) all obligations of the Tribe
hereunder. 
  
 11. Events of Default. 
  
 11.1 Events of Default by the Tribe. Each of the following, at the
sole and absolute discretion of Manager, may be deemed to be an “Event of Default” by the Tribe: 
  
 (a) The Tribe shall fail to pay when due the Management Fees or any other indebtedness or obligation to Manager that the Tribe owes. 

 (b) The Tribe shall be in Material Breach of any of their obligations under this Agreement not
otherwise specified in this Section 11 or any other obligation referenced in this Agreement, the Development Agreement or any agreement or instrument associated with this Agreement. 
  
 (c) Any representation, covenant or warranty that the Tribe has made
under this Agreement or any agreement or instrument associated with this Agreement which is executed by the parties shall prove to have been untrue in any material respect when made or on the date of any Management Fee payment. 
  
 (d) The Tribe unilaterally withdraws from or denies the validity of
this Agreement or any related agreement, fails to submit this Agreement to the NIGC, withdraws this Agreement from the NIGC or denies the validity of this Agreement. 
  
 (e) The Tribe shall breach any of their obligations pursuant to the Financing Agreements or the Development Agreement
or amends the Financing Agreements or the Development Agreement where such amendment impacts the Manager’s rights or obligations, without the prior approval of Manager, or takes any action or omits to take any action within its reasonable
control that results in any material portion of this Agreement being unenforceable. 
  
 Upon the occurrence of any Event of Default by the Tribe, and at the sole and absolute discretion of Manager, Manager may terminate this Agreement pursuant to Section 12 or suspend its obligations under this
Agreement, by notice to the Tribe from Manager, and may declare any of the Tribe’s then existing or future financial obligations to Manager under this Agreement, to be immediately due and payable. In addition to the rights described in this
Section 11.1, Manager may exercise any other rights and remedies available to Manager by law (including any equitable remedies) or agreement.  
  
 11.2 Events of Default by Manager. Each of the following, at the sole and absolute discretion of the Tribe, may be deemed an “Event of
Default” by Manager: 
  
 (a) Manager shall fail
to make payments required by this Agreement, and such failure shall continue for sixty (60) days after the Tribe gives Manager written notice thereof. 
  
 (b) Manager shall be in Material Breach of any of its obligations under this Agreement and such Material Breach, if susceptible to cure, shall
remain uncured for sixty (60) days or such longer period as is reasonable provided Manager is diligently pursuing a cure at the end of the sixty (60) day period. 
  
 (c) Any representation, covenant or warranty that Manager has made under this Agreement or any agreement or
instrument associated with this Agreement which is executed by the parties shall prove to have been untrue in any material respect when made. 
  
 If any Event of Default by Manager occurs, the Tribe may, upon written notice to Manager, exercise any rights and remedies available to the Tribe by law (including any
equitable remedies) or agreement. 
  
 12. Grounds for Termination.

  
 12.1 Voluntary Termination. This Agreement may be
terminated upon the mutual written consent and approval of the parties. Any such termination shall require payment of the Management Fee pursuant to Section 6 for a term equal to the then remaining Term of this Agreement at the percentage of
Net Revenues specified in Section 6. 

 12.2 Termination upon Event of Default. Either Manager or the Tribe may terminate this Agreement
if the other party commits or allows to be committed an Event of Default under this Agreement, provided, however, that the discontinuance or correction of an Event of Default prior to notice of termination shall constitute a cure thereof. In
the event of any termination of this Agreement, all outstanding and future Management Fees and all other financial obligations of the Tribe to Manager, to the extent payable and not previously paid, shall be immediately due and payable and shall
bear interest at the default rate of ten percent (10%) per annum and, except as otherwise provided herein, the Tribe shall remain liable to Manager for the full amount of all Management Fees that would otherwise be due if this Agreement had not been
terminated. The Tribe shall be entitled to retain all non-refundable fees previously paid to it pursuant to this Agreement. 
  
 12.3 Actions in Addition to Termination. 
  
 12.3.1 Consequences of Manager’s Termination by the Tribe. In the event of the termination of this Agreement by the
Tribe for an Event of Default under Section 11.2, Manager shall not, prospectively from the date of termination, have the right to its Management Fee from the Enterprise, but such termination shall not affect Manager’s rights relating to
recoupment and reimbursement of monies owed to Manager under this Agreement, or any other agreements entered pursuant hereto. Any Net Revenues accruing through the date of termination shall be distributed in accordance with Section 6 of this
Agreement. The Manager and the Tribe acknowledge and agree that termination of this Agreement may not be a sufficient or appropriate remedy for breach by the Manager, and further agree that pursuant to the other provisions of this Agreement,
including, but not limited to, Section 18, the Tribe shall, upon breach of this Agreement by the Manager, have the right to pursue such remedies (in addition to termination) at law or equity as it determines are best able to compensate it for
such breach, including specifically actions to require payment of the Minimum Monthly Payment. The Manager specifically acknowledges and agrees that there will be irreparable harm to the Tribe and that damages will be difficult to determine if the
Manager commits a Material Breach, and the Manager therefore further acknowledges that an injunction and/or other equitable relief will be an appropriate remedy for any such breach. In any event, the Tribe shall have the right to all payments due to
the Tribe accruing until the date of termination. In the event that an arbitrator, or other finder of facts of competent jurisdiction, determines that the Tribe has arbitrarily, capriciously or improperly declared a breach when none in fact exists,
punitive damages may be awarded against the Tribe in such amount as justice may require. 
  
 12.3.2 Consequences of Termination by the Manager. In the event of termination of this Agreement by Manager (i) under
Sections 4.4 or 8 or (ii) for an Event of Default under Section 11.1, Manager shall not be required to perform any further services or obligations under this Agreement and the Tribe shall indemnify and hold Manager harmless
against all liabilities of any nature whatsoever relating to the Enterprise; provided, that in the event of termination under (i) of this sentence, such indemnification shall be limited to liabilities resulting from acts within the control of the
Tribe or its agents or created by the termination of this Agreement. Manager and the Tribe acknowledge and agree that termination of this Agreement will not be a sufficient or appropriate remedy for breach by the Tribe, and further agree that
pursuant to the other provisions of this Agreement, including but not necessarily limited to, Section 18, Manager shall, upon breach of this Agreement by the Tribe, have the right to such remedies (in addition to termination) at law or equity
as it determines are best able to compensate it for such breach, including, without limitation, specifically actions to require payment of the Management Fee pursuant to Section 6 for a term equal to the then remaining Term of this Agreement
at the percentage of Net Revenues specified in Section 6. The Tribe specifically acknowledges and agrees that there may be irreparable 

 harm to Manager and that damages will be difficult to determine if the Tribe commits a Material Breach,
and the Tribe therefore further acknowledges that an injunction and/or other equitable relief may be an appropriate remedy for any such breach. In any event, Manager shall have the right to and the Tribe shall immediately pay to Manager the
Management Fee accruing until the date of termination as provided in Section 6 of this Agreement, and any other amounts owed to the Manager by the Tribe. In the event that an arbitrator, or other finder of facts of competent jurisdiction,
determines that the Manager has arbitrarily, capriciously or improperly declared a breach when none in fact exists, punitive damages may be awarded against the Manager in such amount as justice may require. 
  
 12.4 Involuntary Termination Due to Changes in Legal Requirements
Agreement. It is the understanding and intention of the parties that the establishment and operation of the Enterprise shall conform to and comply with all Legal Requirements. If during the Term of this Agreement, the Enterprise or any material
aspect of Gaming is determined by the Congress of the United States, the Department of the Interior of the United States of America, the NIGC, or the final judgment of a court of competent jurisdiction to be unlawful under federal law or state law,
the obligations of the parties hereto shall cease, and this Agreement shall be of no further force and effect; provided that: 
  
 (a) Manager shall have the rights described elsewhere in this Agreement, including, but not limited to, the right to payment of the Management Fee
for the full Term as provided in Section 6 of this Agreement; 
  
 (b) Except as provided in Section 12.4(c) below, Manager and the Tribe shall retain all money previously paid to them pursuant to Section 6 of this Agreement; 
  
 (c) Any money owed to Manager or its Affiliates or guaranteed by
Manager or its Affiliates to the extent of payment under such guarantee shall be repaid to Manager or its Affiliates in accordance with the terms of the governing agreement including, without limitation, this Agreement; 
  
 (d) The Tribe shall retain its interest in the title (and any lease)
to all Enterprise assets, including all fixtures, supplies and equipment, subject to the rights of Manager pursuant to this Agreement, and subject to any requirements of the Financing Agreements; and 
  
 (e) Manager shall have the right to payment of any monies due and
owing as of the date of the change in Legal Requirements; and 
  
 (f) Manager shall have the option to continue its interest in this Agreement and recommence operation of Gaming if, at some point during the Term of this Agreement, such recommencement is consistent with all Legal Requirements.

  
 12.5 Manager’s Right to Terminate Agreement.
Manager may terminate this Agreement by written notice effective upon receipt if: 
  
 (a) Any Tribal, State or Federal authority where approval is required fails to approve this Agreement or otherwise objects to the performance by Manager of any obligation imposed on it under this Agreement;

  
 (b) Manager has been notified by any regulatory agency
that the performance by it of any obligation imposed by this Agreement will jeopardize the retention of any license, or approvals granted thereunder, held by Manager or any of its Affiliates in any other jurisdiction, and the Tribe refuses to allow
Manager to immediately rectify any such complaint; 
  
 (c)
Manager has reason to believe that the performance by it or the Tribe of any obligation imposed under this Agreement may reasonably be expected to result in the breach of any Legal Requirement and the parties have been unable to agree upon waiver of
such performance within ten (10) days written notice by Manager; or 

 (d) There is a change in any Legal Requirement which materially affects Manager’s rights and
obligations under this Agreement. 
  
 Nothing in this Section 12.5 shall
impair the rights of Manager (i) to fees, repayment or payments of all amounts otherwise due to Manager under this Agreement, including but not limited to the Management Fee, and unpaid principal and interest on all monies loaned to the Tribe
whether pursuant to this Agreement or otherwise as if this Agreement had not been terminated, and (ii) to retain all fees previously paid to Manager by the Tribe. 
  
 12.6 Notice and Opportunity to Cure. The Tribe will give Manager notice of any alleged violation of the Tribal Gaming
Ordinance by Manager and sixty (60) days opportunity to cure before the Tribal Gaming Agency may take any action based on such alleged violation. 
  
 13. Conclusion of the Management Term. Upon the conclusion or the termination of this Agreement, Manager shall have the following rights and obligations:

  
 13.1 Transition. Manager shall take reasonable steps
for the orderly transition of management of the Enterprise to the Tribe or its designee pursuant to a transition plan as described in Section 19.2 of this Agreement; such transition period shall be for a reasonable period but not less than
thirty (30) days. 
  
 13.2 Undistributed Net Revenues. If
the Enterprise has accrued Net Revenues which have not been distributed under Section 6 of this Agreement, Manager shall receive that Management Fee equal to the Management Fee it would have received had the distribution occurred during the
Term of this Agreement. 
  
 14. Consents and Approvals. 
  
 14.1 Tribe. Where approval or consent or other action of the Tribe is
required, such approval shall mean the written approval of the Tribal Council evidenced by a resolution thereof, certified by a Tribal official as having been duly adopted, or such other person or entity designated by resolution of the Tribal
Council. Any such approval, consent or action shall not be unreasonably withheld or delayed. 
  
 14.2 Manager. Where approval or consent or other action of Manager is required, such approval shall mean the written approval of the Manager. Any such approval, consent or other action shall not be unreasonably
withheld or delayed. 
  
 15. Manager Disclosures. 
  
 15.1 Officers of Manager. Manager warrants that on the date of this
Agreement its Affiliates and executive officers are those listed at Exhibits C and D. 
  
 15.2 Warranties. Manager further warrants and represents as of the date of this Agreement that Manager is a Washington limited liability company whose sole members are Salishan Company, LLC, a Washington
limited liability company, and Mohegan Ventures-Northwest, LLC, a wholly-owned enterprise of the Mohegan Tribal Gaming Authority, an instrumentality of the Mohegan Tribe of Indians of Connecticut, a federally-recognized Indian tribe. 

 15.3 Criminal and Credit Investigation. Manager agrees that all of its members and executive
officers (whether or not involved in the Enterprise), shall: 
  
 (a) Consent to background investigations to be conducted to the extent required by the IGRA, the Compact and the Tribal Gaming Ordinance; 
  
 (b) Be subject to licensing requirements in accordance with all Legal Requirements and this Agreement; 
  
 (c) Consent to a background, criminal and credit investigation to be
conducted by or for the NIGC or the WSGC, if required; 
  
 (d) Cooperate fully with such investigations; and 
  
 (e) Disclose any information requested which would facilitate the background and financial investigations. 
  
 Any materially false or deceptive disclosures or failure to cooperate fully with such investigations by an employee of Manager or an employee of the Tribe shall result in
the immediate dismissal of such employee. The results of any such investigation may be disclosed to federal officials and to such regulatory authorities as required by law. 
  
 15.4 Disclosure Amendments. Manager agrees that whenever there is within the meaning of 25 CFR Part 502 and Part 537,
et. seq: (i) any material change in the information disclosed pursuant to this Section 15; (ii) any change in the person or entity responsible for the management contract; (iii) any change in a person who is a director of a
corporation that is a party to the management contract; (iv) any change in the entity or person with a financial interest in the management contract; or (v) any other person or entity with a direct or indirect financial interest in the
management contract otherwise designated by the NIGC, Manager shall notify the Tribe and the NIGC of such change not later than ten (10) business days following the change or within ten (10) business days after it becomes aware of such change. In
accordance with 25 C.F.R. § 537.2, Manager shall submit to the NIGC the background information required in 25 C.F.R. § 537.1 within ten (10) business days of any such proposed change in financial interest and in sufficient time to permit
the NIGC to complete its background investigation by the time the individual is to assume management responsibility for, or the management contractor is to begin managing, the gaming operation. All of the warranties and agreements contained in this
Section 15 shall apply to any person or entity who would fall under any of the aforementioned changes. 
  
 15.5 Breach of Manager’s Warranties and Agreements. Material Breach of any warranty or agreement of Manager contained in this Section 15
shall be grounds for immediate termination of this Agreement; provided that (i) if a breach of the warranty contained in Section 15.2(b) is discovered, and such breach was not disclosed by any background check conducted by the FBI
as part of the NIGC or other federal approval of this Agreement, or was discovered by the FBI investigation but all officers and directors of Manager sign sworn affidavits that they had no knowledge of such breach, then Manager shall have thirty
(30) days after notice from the Tribe to terminate the interest of the offending person or entity and, if such termination takes place, this Agreement shall remain in full force and effect; and (ii) if a breach relates to a failure to update
changes in financial position or additional gaming related activities, then Manager shall have thirty (30) days after notice from the Tribe to cure such default prior to termination. 
  
 16. No Joint Venture. The parties further agree and acknowledge that it is not their intent, and that this Agreement shall not be
construed, to create a joint venture between the Tribe and Manager; rather, Manager shall be deemed to be an independent contractor for all purposes hereunder. 
  

17. Exclusivity and Non-Competition. During the Term, Manager will be the exclusive manager of the Facility and will have neither any interest in nor provide
any financing or services to any gaming facility (other than the Facility) located within 150 miles of the Facility (the 

 “Restricted Area”), without the Tribe’s consent. During the Term, the Tribe shall not, directly or
indirectly, develop, own and/or operate any interest in another gaming facility located within the Restricted Area, without the Manager’s consent. Nothing in this paragraph shall prevent either the Manager or the Tribe from purchasing and
holding stock in a corporation which develops, owns and/or manages a gaming facility within the Restricted Area, where such stock is publicly traded and such stock, on a cumulative basis, is less than five percent (5%) of the outstanding stock in
the corporation. 
  
 18. Limited Waiver of Sovereign Immunity; Dispute
Resolution. 
  
 18.1 Limited Waiver of Sovereign Immunity.

  
 (a) Retention of Sovereign Immunity. By executing this
Agreement, the Tribe does not waive, limit or modify its sovereign immunity from unconsented suit or judicial litigation, except as provided in this Section 18.1 
  
 (b) Scope of Waiver. Subject to the provisions of this Section 18.1, the Tribe expressly and irrevocably
waives its sovereign immunity (and any defense based thereon) from suit by the Manager or its Affiliates for the purpose of permitting or compelling arbitration as provided in this Section 18 and consents to the jurisdiction of and to be sued
in the United States District Court for the Western District of Washington, the United States Courts of Appeals, and the United States Supreme Court for the purpose of compelling arbitration or enforcing any arbitration award or judgment with
respect to any dispute related to or arising out of this Agreement or any other agreement or instrument related to or referenced by this Agreement, or the Tribal Gaming Ordinance, or any rules, actions or decisions of the Tribe or the Tribal
Council. If the United States District Court for the Western District of Washington lacks jurisdiction, the Tribe consents to be sued in the Washington State Court system or any other court of competent jurisdiction. The Tribe hereby waives any
requirement of exhaustion of tribal remedies. Without in any way limiting the generality of the foregoing, the Tribe expressly authorizes any governmental authorities who have the right and duty under applicable law to take any action authorized or
ordered by any court, to take such action, including, without limitation, repossessing any property and equipment giving effect to any judgment entered; provided, however, that in no instance shall any enforcement of any kind whatsoever be allowed
against any assets of the Tribe other than the limited assets of the Enterprise specified in Section 18.3(a) below, and no decisions or actions reserved exclusively to tribal governments by the Indian Gaming Regulatory Act, or other federal
law or regulation, shall be subject to arbitration. The Tribe does not waive any aspect of its sovereign immunity with respect to actions by third parties other than by an Affiliate. 
  
 (c) Time Period. With respect to any claim authorized in this Section, initial suit, as authorized herein, shall be
commenced by the Manager or the Tribe, as applicable, within three (3) years after the later of the date that the claim accrues or is discovered upon the exercise of due diligence, or such claim shall be forever barred. The waiver granted herein
shall commence on the Effective Date and shall continue for three (3) years following the date of the termination of this Agreement, except that the waiver shall remain effective for any proceedings then pending, and all appeals therefrom.

  
 18.2 Dispute Resolution. All disputes, controversies or
claims arising out of or relating to this Agreement or other obligation between the parties other than those disputes related to approval of budgets and issuance of licenses by the Tribal Gaming Agency, including, but not limited to, the Tribal
Gaming Ordinance, or any rules, actions or decisions of the Tribal Council or the Operations Board, including, but not limited to, the issuance, non-issuance, condition, suspension, denial or revocation of any license, or the failure to comply with
any 

 standard of conduct required by this Agreement shall be settled by binding arbitration in accordance with the Commercial
Arbitration Rules of the American Arbitration Association in effect on the date demand for arbitration is made, and the Federal Arbitration Act. The parties agree that binding arbitration shall be the sole remedy as to all disputes arising out of
this Agreement, except for disputes requiring injunctive or declaratory relief, provided that neither party shall submit a matter to binding arbitration until they have met the requirements of Section 18.2(a). 
  
 (a) Meet and Confer. Subject to the terms and provisions of this
Agreement, any disagreement or dispute between the Parties as to the interpretation, enforcement or breach of this Agreement, or the Parties’ rights or obligations thereunder, shall be resolved whenever possible by meeting and conferring. In
addition, in the event that the Board or the Tribe and the Manager are unable to agree on a matter as to which a decision or business judgment is necessary and this Agreement provides that the agreement or consent of the Board is required for such
decision or business judgment, the Parties agree to resolve such decision or business judgment whenever possible by meeting and conferring. Either Party may request such a meeting by giving notice to the other. The notice provided for in this
Section 18.2 shall specify a time and a location in Clark County (or other location that may be agreed upon by the Parties) for the requested meeting, provided, however, that the requested meeting shall not take place upon less than
forty-eight (48) hours notice nor upon more than seven (7) days notice. If, however, the Parties are unable in good faith to reach a decision that is satisfactory to both Parties, then either Party may require that the matter be submitted to a
binding arbitration. 
  
 (b) Choice of Law. In determining
any matter the Arbitrator(s) shall apply the terms of this Agreement, without adding to, modifying or changing the terms in any respect, and shall apply Washington law or federal law, where applicable (excluding Tribal law). 
  
 (c) Place of Hearing. All arbitration hearings shall be held at a
place designated by the arbitrator(s) in Clark County, Washington or at such other place agreed to by the parties. 
  
 (d) Confidentiality. The parties and the arbitrator(s) shall maintain strict confidentiality with respect to the arbitration. 
  
 18.2.1 No Arbitration of Governmental Action.
Nothing contained in this Agreement is intended to subject to arbitration the prerogative of the Tribe or any of its instrumentalities or agencies to take any Governmental Action; provided however, that nothing herein shall impair Manager’s
contractual remedies set out in this Section 18 of this Agreement with respect to any Governmental Action. 
  
 18.3 Limitation of Actions. The Tribe’s waiver of sovereign immunity from suit is specifically limited to permitting, and does permit the
following actions and judicial remedies: 
  
 (a)
Damages. The enforcement of an award of money and/or damages; provided that the arbitrator(s) and/or the court shall have no authority or jurisdiction to order execution against any assets or revenues of the Tribe except undistributed or future
Net Revenues, Furnishing and Equipment or accounts receivable of the Enterprise. In no instance shall any enforcement of any kind whatsoever be allowed against any assets of the Tribe other than the limited assets of the Enterprise specified in this
Section 18.3. 
  
 (b) Consents, Approvals and
Representations. The enforcement of a determination by an arbitrator that the Tribe’s consent or approval has been unreasonably withheld contrary to the terms of this Agreement or that the Tribe has breached any representation, warranty or
covenant of this Agreement. 

 (c) Injunctive Relief and Specific Performance. The enforcement of a determination by an
arbitrator that prohibits the Tribe from taking any action that would prevent the other from performing its obligations pursuant to the terms of this Agreement, or that requires the Tribe to specifically perform any obligation under this Agreement
(other than an obligation to pay money except as provided for in Section 18.3(a)). 
  
 (d) Action to Compel Arbitration. An action to compel arbitration pursuant to this Section 18. 
  
 18.4 Notice and Right to Cure. The parties agree that, without limiting any right to acceleration or demand for payment set forth in this
Agreement, before the dispute resolution mechanisms described in this Section 18 may be utilized, the party claiming breach or damage shall give written notice of the alleged breach or damage to the other party, and both shall make a serious
effort to meet, cure any breach, and otherwise make a good faith effort to resolve any differences. 
  
 18.5 Cooperation. The Tribe and Manager hereby agree to ensure that their respective representatives to the Operations Board shall cooperate
reasonably and fully and shall try to reach agreement or compromise on all matters before the Operations Board. In the event that the Operations Board is unable to reach agreement or compromise on any matter that reasonably may be expected to have a
material adverse effect on the Enterprise, that matter shall be submitted to binding dispute resolution pursuant to Section 18.2. Additionally, any ruling, action or decision by the Tribal Gaming Agency which concerns the issuance,
non-issuance, condition, suspension, denial or revocation of Manager’s license shall be submitted to binding dispute resolution pursuant to Section 18.2. 
  
 18.6 Performance During Disputes. It is mutually agreed that during any kind of controversy, claim, disagreement or
dispute, including a dispute as to the validity of this Agreement, Manager shall continue to possess the rights, duties, and obligations set forth in this Agreement, and the Tribe and Manager shall continue their performance of the provisions of
this Agreement and its exhibits. Manager and the Tribe agree that the Enterprise Bank Accounts shall not be subject to attachment or any rights of deduction or set off or counterclaim by either party. Manager and the Tribe shall each be entitled to
injunctive relief from a civil court or other competent authority to maintain such rights, duties, and obligations in the event of a threatened eviction during any dispute, controversy, claim or disagreement arising out of this Agreement.
Notwithstanding any provision in this Section 18.6 to the contrary, if the dispute involves the revocation of Manager’s license, Manager will suspend performance of its managerial duties under this Agreement; however, the Enterprise will
continue to pay the Management Fee into an off-reservation third party interest-bearing escrow account until such time that the dispute is resolved. 
  
 18.7 Tribal Court. The Tribe represents that it has no Tribal Court or judicial system. The Tribe agrees that, should it establish any Tribal Court
or judicial system, (i) no party to this Agreement shall be required to commence or pursue any proceeding with respect to any dispute arising under this Agreement in any Tribal Court of the Tribe, (ii) such Tribal Court shall lack the discretion to
refuse to compel arbitration among the parties to any such dispute, and (iii) such Tribal Court shall be obligated to honor and enforce any award by any arbitrator, without review of any nature by such Tribal Court. 
  
 19. Intent to Negotiate New Agreement. 
  
 19.1 Negotiations of New Agreement. On or before the date that is two
(2) years prior to the expiration of the Term, the Tribe shall give Manager notice of its intent regarding its willingness to enter into negotiations for a new management agreement to be effective upon the conclusion of this Agreement and approval
by the NIGC. 

 19.2 Transition Plan. If the Tribe and Manager are unable to agree to the terms of a new
management agreement or if the Tribe decides not to enter into negotiations for a new management agreement, then the Tribe and Manager shall agree upon a transition plan within thirty (30) days notice from the Tribe of its intention not to negotiate
a new management agreement, including a computer transition plan, which plan shall be sufficient to allow the Tribe to operate the Enterprise and provide for the orderly transition of the management of the Enterprise. 
  
 20. Entire Agreement. This Agreement sets forth the entire agreement between the
parties hereto with respect to the subject matter hereof. All agreements, covenants, representations, and warranties, express or implied, oral or written, of the parties with respect to the subject matter hereof are contained herein. No other
agreements, covenants, representations, or warranties, express or implied, oral or written have been made by any party to the other with respect to the subject matter of this Agreement. All prior and contemporaneous conversations, discussions,
negotiations, possible and alleged agreements and representations, covenants and warranties with respect to the subject matter hereof, are waived, merged herein and superseded hereby. Each party affirmatively represents that no promises have been
made to that party which are not contained in this Agreement, and the exhibits, and stipulates that no evidence of any promises not contained in this Agreement, and the exhibits, shall be admitted into evidence on their behalf. This Agreement shall
not be supplemented, amended or modified by any course of dealing, course of performance or uses of trade and may only be amended or modified by a written instrument duly executed by officers of both parties. 
  
 21. Government Savings Clause. Each of the parties agrees to execute, deliver and, if
necessary, record any and all additional instruments, certifications, amendments, modifications and other documents as may be required by the United States Department of the Interior, BIA, the NIGC, the office of the Field Solicitor, the Washington
State Gambling Commission, or any applicable federal, tribal, state or local statute, rule or regulation in order to effectuate, complete, perfect, continue or preserve the respective rights, obligations, liens and interests of the parties hereto to
the fullest extent permitted by law; provided, that any such additional instrument, certification, amendment, modification or other document shall not materially change the respective rights, remedies or obligations of the Tribe or Manager under
this Agreement or any other agreement or document related hereto. 
  
 22.
Standard of Reasonableness. Unless specifically provided otherwise, all provisions of this Agreement and all collateral agreements and actions necessary to implement or enforce any such agreement or provision shall be governed by a standard of
commercial reasonableness and good faith. Obligations of any party to use best efforts will also be qualified by a standard of commercial reasonableness and good faith. 
  
 23. Execution. This Agreement may be executed in four (4) counterparts, two (2) to be retained by each party. Each of the four (4)
originals is equally valid. This Agreement shall be deemed “executed” and shall be binding upon the parties when properly executed and approved by the Chairman of the NIGC. 
  
 24. Non-Impairment of Contracts. Notwithstanding any other provision of tribal law, the Tribe represents and warrants that it shall
enact no law impairing the obligations of contracts entered into by the Tribe in furtherance of the development, construction, operation, or promotion of Gaming at the Facility and shall enact no law impairing the obligations of the Tribe under this
Agreement or the rights of Manager hereunder. 
  
 25. Statute of
Limitations. The Tribe agrees that with respect to any claim or action that it may have against Manager under this Agreement, such claim or action shall be commenced within the later of three (3) years after the claim or action accrues or
is discovered upon the exercise of due diligence, or such claim is waived and released by the Tribe and shall be forever barred. 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and year first
above written. 
  

			
	COWLITZ INDIAN TRIBE
		
	By:	 	 /s/ William B. Iyall

	Name:	 	William B. Iyall
	Title:	 	Chairperson Tribal Council
	
	SALISHAN-MOHEGAN, LLC
		
	By:	 	 /s/ Mark F. Brown

	Name:	 	Mark F. Brown
	Title:	 	ManagerExhibit 10.31

 EXHIBIT 10.31 
  

  
 DEVELOPMENT AGREEMENT 
  
 between

  
 The Cowlitz Indian Tribe 
  
 and 
  
 Salishan-Mohegan, LLC 
  
 Dated as of September 21, 2004 
  

 TABLE OF CONTENTS 
  

							
	 	  	 	  	 	  	Page

	ARTICLE 1. DEFINITIONS	  	1
				
	 	  	1.1	  	Defined Terms.	  	1
	 	  	1.2	  	Accounting Terms.	  	5
	 	  	1.3	  	Recitals.	  	5
		
	 ARTICLE 2. APPOINTMENT OF DEVELOPER; DEVELOPMENT BOARD; PROJECT DESIGN; ACQUISITION OF PROPERTY
	  	5
				
	 	  	2.1	  	Appointment of Developer; Exclusive Rights of Development.	  	5
	 	  	2.2	  	Development Board.	  	8
	 	  	2.3	  	Employment of Architect or Design Builder and Other Professionals.	  	9
	 	  	2.4	  	Concept Program.	  	10
	 	  	2.5	  	Acquisition, Design, Construction and FF&E Budgets.	  	11
	 	  	2.6	  	Schematic Design Documents and Plans and Specifications.	  	12
	 	  	2.7	  	Compliance with Construction Standards, Environmental Laws and Regulations.	  	12
	 	  	2.8	  	Acquisition of Property.	  	13
		
	ARTICLE 3. CONSTRUCTION	  	14
				
	 	  	3.1	  	Selection of General Contractor.	  	14
	 	  	3.2	  	Construction Agreement.	  	14
	 	  	3.3	  	Construction Administration.	  	14
	 	  	3.4	  	Progress Payments.	  	15
		
	ARTICLE 4. FURNITURE, TRADE FIXTURES AND EQUIPMENT; INSURANCE AND CASUALTY	  	15
				
	 	  	4.1	  	Selection of Furniture, Trade Fixtures and Equipment.	  	15
	 	  	4.2	  	Insurance and Casualty.	  	15
		
	ARTICLE 5. FUNDING REQUIREMENTS OF DEVELOPMENT	  	16
				
	 	  	5.1	  	Advancing of Project Costs by Developer and Tribe; Reimbursement of Developer by the Tribe.	  	16
	 	  	5.2	  	Acting As Agent of Tribe; Tribal Advance.	  	18
	 	  	5.3	  	Financing.	  	18
	 	  	5.4	  	Development Fees.	  	19
	 	  	5.5	  	Security Interest for Interim Advances and Optional Advances.	  	19
	 	  	5.6	  	Cooperation.	  	20
		
	 ARTICLE 6. TRIBAL TAXES; COMPLIANCE WITH TRIBAL LAW; AMENDMENTS TO TRIBAL GAMING ORDINANCE; OTHER TRIBAL
ORDINANCES
	  	20
				
	 	  	6.1	  	Tribal Taxes.	  	20
	 	  	6.2	  	Compliance with Tribal Law.	  	20
	 	  	6.3	  	Amendments to Tribal Gaming Ordinance.	  	21
	 	  	6.4	  	Tribe’s Assistance in Obtaining Permits and Authorizations.	  	21
	 	  	6.5	  	Tribal Ordinances Related to Permits and Authorizations.	  	21
		
	ARTICLE 7. OPERATION OF GAMING BUSINESS	  	21
				
	 	  	7.1	  	Engagement of Manager.	  	21
	 	  	7.2	  	Cooperation in NIGC Approval Process.	  	21
		
	ARTICLE 8. DEFAULT, TERMINATION, DISPUTES, AND INDEMNIFICATION	  	22
				
	 	  	8.1	  	Termination.	  	22

  

 i 

							
	 	  	8.2	  	Limited Waiver of Sovereign Immunity; Disputes and Remedies; Dispute Resolution.	  	24
	 	  	8.3	  	Defense	  	26
	 	  	8.4	  	Indemnity.	  	26
	 	  	8.5	  	Limitation of Liability	  	27
	 	  	8.6	  	Tribe’s Rights upon Developer’s Default or Breach	  	27
		
	ARTICLE 9. MISCELLANEOUS PROVISIONS	  	27
				
	 	  	9.1	  	Government Savings Clause	  	27
	 	  	9.2	  	Third-Party Beneficiary	  	27
	 	  	9.3	  	Authorization	  	28
	 	  	9.4	  	Relationship	  	28
	 	  	9.5	  	Notices	  	28
	 	  	9.6	  	No Waiver	  	28
	 	  	9.7	  	Governing Law	  	28
	 	  	9.8	  	Successors and Assigns	  	28
	 	  	9.9	  	Article and Section Headings; Interpretation of Agreement	  	28
	 	  	9.10	  	Parties in Interest	  	29
	 	  	9.11	  	Severability	  	29
	 	  	9.12	  	Exhibits	  	29
	 	  	9.13	  	Entire Agreement	  	29
	 	  	9.14	  	Counterparts	  	29
	 	  	9.15	  	Reasonableness; Duty of Good Faith.	  	29
	 	  	9.16	  	Enforceability Opinion	  	29
	 	  	9.17	  	Other Relationships, Disclosure of Certain Transactions, Future Projects	  	29
	 	  	9.18	  	Statute of Limitations	  	30
	 	  	9.19	  	Tribe Representative	  	30
	 	  	9.20	  	Confidentiality	  	30
	 	  	9.21	  	Affiliate Contracts	  	31
	 	  	9.22	  	Force Majeure	  	31
	 	  	9.23	  	Survival	  	31

  

 ii 

 DEVELOPMENT AGREEMENT 
  
 This Development Agreement has been entered into as of September 21, 2004 (the “Effective Date”) by and
between the Cowlitz Indian Tribe, a federally recognized Indian tribe (the “Tribe”), and Salishan-Mohegan, LLC, a Washington limited liability company (the “Developer”). 
  
 RECITALS 
  
 A. The Tribe is a federally recognized Indian tribe and intends to acquire
certain Property located in Clark County, Washington, which is more particularly described in Exhibit A attached hereto (the “Property”). On or about March 2, 2004, the Tribe filed an application with the United States Department of
the Interior to accept the Property into trust for the Tribe for gaming purposes pursuant to 25 C.F.R. Part 151 and 25 U.S.C. § 2719. 
  
 B. Consistent with the Tribe’s goals and U.S. federal government policies of tribal self-sufficiency, the Tribe desires to negotiate and enter into a
Tribal-State Compact with the State of Washington to permit Class III gaming at the Property and to seek approval of such compact by the Secretary of the Interior. In connection therewith, the Tribe desires to develop and improve the Property by
building gaming facilities, together with restaurants, entertainment, retail establishment, parking facilities and other amenities on the Property. 
  
 C. The Tribe has determined that it would be in its best interest to retain Developer for the planning, designing, development, construction, furnishing
and financing of the improvements to the Property while retaining for itself all proprietary interest in gaming and all other activities at the Property and proprietary control over Tribal lands. 
  
 D. Accordingly, the Tribe desires to retain, on an exclusive basis, the
services of Developer to administer and oversee the planning, designing, development, construction, furnishing and financing of the desired improvements to the Property during the term of this Agreement, and Developer desires to so act, all in
accordance with and otherwise subject to the provisions of this Agreement. 
  
 NOW, THEREFORE, in consideration of the payment of Ten Dollars ($10.00) and the mutual covenants, conditions and promises herein contained and other good and valuable consideration, the receipt and legal
sufficiency of which are expressly acknowledged, the Tribe and Developer hereby agree as follows: 
  
 ARTICLE 1. DEFINITIONS 
  
 1.1 Defined Terms. The following terms shall have the meanings hereinafter set forth, except as otherwise expressly provided or unless the context otherwise requires: 
  
 “Acquisition Budget” shall have the meaning set forth in
Section 2.5(a). 
  
 “Advances Rate” shall have
the meaning set forth in Section 5.1(a). 
  
 “Affiliate” and words of similar import shall mean, with respect to a specified Person, any other Person that directly or indirectly through one or more intermediaries controls, is controlled by, or is under common control
with the specified Person. For the purpose of this definition, “control” means the ability to directly or indirectly, by voting securities, partnership or member interests, contract or otherwise, direct or cause the direction of the
policies or management of the specified Person. 
  
 “Agreement” shall mean this Development Agreement together with all exhibits hereto, as the same may hereinafter be amended, supplemented, restated or replaced from time to time. 
  

 1 

 “Approved Concept Program” shall have the meaning set forth in Section 2.4(a).

  
 “Approved Facility Budget” shall have the
meaning set forth in Section 2.5(a). 
  
 “Approved
Plan” shall mean the Approved Facility Budget and the Approved Concept Program for the Property as described in Sections 2.4 and 2.5 as the same may be modified pursuant to Sections 2.4 and 2.5. 
  
 “Approved Plans and Specifications” shall have the meaning
set forth in Section 2.6. 
  
 “Architect” shall
have the meaning set forth in Section 2.3(a). 
  
 “Architect Agreement” shall have the meaning set forth in Section 2.3(a). 
  
 “Board” shall mean the Development Board. 
  
 “Bureau of Indian Affairs” or “BIA” shall mean the Bureau of Indian Affairs under the Department of the Interior of the
United States of America. 
  
 “Cash Flow From
Operations” shall have the definition ascribed to it in the Management Agreement. 
  
 “Compact” shall mean the Tribal-State compact (as defined in IGRA), and any amendments or modifications thereto, entered into between the Tribe and the State of Washington and approved by the
Secretary of the Interior to govern Gaming on the Property pursuant to IGRA, or such other compact or instrument as may be substituted for such Tribal-State compact under IGRA so long as such other compact or instrument complies with the laws of the
United States and the State of Washington or such other superseding laws that apply to Gaming at the Property. 
  
 “Competitive Facility” shall mean any Gaming operation that is located within 150 miles of the Property, whether existing or proposed to
be opened at any time during the term of the Agreement, that is owned, leased and/or operated by the Tribe or Developer or an Affiliate of the Tribe or Developer. 
  
 “Concept Program” shall have the meaning set forth in Section 2.4(a). 
  
 “Confidential Information” shall have the meaning set forth
in Section 9.20. 
  
 “Construction
Agreement” shall have the meaning set forth in Section 3.2. 
  
 “Construction Budget” shall have the meaning set forth in Section 2.5(a). 
  
 “Consultants” shall have the meaning set forth in Section 2.1(a). 
  
 “Design Budget” shall have the meaning set forth in Section 2.5(a). 
  
 “Design Build Contract” shall have the meaning set forth in
Section 2.3(b). 
  
 “Design Build
Contractor” shall have the meaning set forth in Section 2.3(b). 
  
 “Develop” and words of similar import such as “Development” shall mean any activity involved in administering and overseeing the planning, design, construction, equipping, furnishing
and financing of any improvements to the Property undertaken between the Effective Date and the end of the term of the Management Agreement. 
  

 2 

 “Developer” shall mean Salishan-Mohegan, LLC, a Washington limited liability company,
together with its permitted successors and assigns. 
  
 “Development Board” or “Board” shall mean the committee established pursuant to Section 2.2 hereof. 
  
 “Development Fees” shall have the meaning set forth in Section 5.4. 
  
 “Effective Date” means the date set forth in the opening paragraph of this Agreement. 
  
 “Exclusive Period” shall have the meaning set forth in
Section 2.1(a). 
  
 “Facilities” shall
mean the buildings, improvements, furnishings, fixtures and equipment, now or hereafter located on the Property as part of the Project or infrastructure located on the Property in support of the Project and constructed, acquired or added as part of
the Project. 
  
 “Facility Budget” shall have the
meaning set forth in Section 2.5(a). 
  
 “FF&E
Budget” shall have the meaning set forth in Section 2.5(a). 
  
 “Financing” shall have the meaning set forth in Section 5.3 of this Agreement. 
  
 “Force Majeure Event” shall have the meaning set forth in Section 9.22. 
  
 “Gaming” shall mean any and all activities that is or was
defined as Class II or Class III Gaming under IGRA and any gaming activity authorized under any Compact. 
  
 “General Contractor” shall have the meaning set forth in Section 3.1. 
  
 “IGRA” shall mean the Indian Gaming Regulatory Act of 1988, PL 100-497; 25 U.S.C. §§ 2701
et seq. as it may, from time to time, be amended. 
  
 “Intergovernmental Agreement” or “Memorandum of Understanding” shall have the meaning set forth in Section 2.1(f). 
  
 “Interim Advances” shall have the meaning set forth in Section 5.1(a). 
  
 “Legal Requirements” shall mean singularly and collectively,
any Compact, IGRA, all Tribal Ordinances, including, without limitation, any Tribal Gaming Ordinance, and all other applicable federal, state and tribal laws, rules and regulations. 
  
 “Management Agreement” shall mean that certain Management Agreement between the Tribe and Manager dated
                    . 
  
 “Manager” shall mean Salishan-Mohegan, LLC, a Washington limited liability company, together with its permitted successors and assigns.

  
 “Material Budget Amendment” shall have the
meaning set forth in Section 2.5(b). 
  
 “Material Concept
Amendment” shall have the meaning set forth in Section 2.4(b). 
  
 “Material Specifications Amendment” shall have the meaning set forth in Section 2.6(b). 
  
 “Minimum Monthly Payment” shall have the meaning ascribed to it in the Management Agreement. 
  

 3 

 “NEPA” shall have the meaning set forth in Section 2.7(a). 
  
 “Open to the Public,” “First Open to the
Public,” “Opening Date” or “Commencement of Operations” shall mean the date upon which all material components of the Project as contemplated by the Approved Plans and Specifications are placed in service
and substantially all of the Facilities to be initially developed are open for business. 
  
 “National Indian Gaming Commission” or “NIGC” shall mean the commission established pursuant to 25 U.S.C. § 2704. 
  
 “Non-Tribal Governmental Approvals” shall have the meaning set forth in Section 6.4(a). 
  
 “Option” shall have the meaning set forth in Section 2.8(a).

  
 “Optional Advances” shall have the meaning
set forth in Section 5.1(e). 
  
 “Parties” shall
mean the Tribe and the Developer, together with their permitted successors and assigns. 
  
 “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. 
  
 “Plans and Specifications” shall have the meaning set forth in Section 2.6(b). 
  
 “Pre-Financing Budget” shall have the meaning set forth in Section 2.1(k). 
  
 “Pre-Financing Expenses” shall have the meaning set forth in Section 5.1(d). 
  
 “Pre-Financing Goals” shall mean the Tribe or the Developer
entering into a binding agreement for the acquisition of the Property, approval of the application and other prerequisites for having the Property Taken into Trust by the United States of America for the benefit of the Tribe, the Tribe entering into
the Compact, and obtaining firm and enforceable commitments for the Financing. 
  
 “Pre-Financing Phase” shall mean the period of time that starts on the Effective Date and ends when the Financing has been closed and funds are available therefrom to the Tribe to permit completion of
the Project. 
  
 “Priority Payment” shall mean a
payment made from Cash Flow From Operations after the Minimum Monthly Payment is made and before any other payments or distributions from Cash Flow From Operations are made including, without limitation, additional distributions or payments to the
Tribe and management and consulting fees and expenses payable or reimbursable to a third party. 
  
 “Professionals” shall have the meaning set forth in Section 2.3(c). 
  
 “Project” shall mean all commercial enterprises, existing at any time on or after the Effective Date on the
Property including, without limitation, all Gaming and all related and ancillary commercial activities in support of any such commercial enterprises. 
  
 “Project Costs” shall mean the sum of: (1) all so-called “hard” and “soft” costs incurred in acquiring the Property
and realizing all governmental approvals and conditions necessary for Project purposes, including Gaming and having the Property Taken into Trust, and planning, developing, designing, constructing, equipping and furnishing any part of the Project,
including, without limitation, all Pre-Financing Expenses; and (2) all financing fees and expenses including, without limitation, interest payments and any scheduled principal payments on debt incurred to pay the foregoing Project Costs. 

 

 4 

 Project Costs shall not include any expenditures for or on behalf of any candidate for public office or expenditures in
connection with the support or defeat of any ballot initiative or referendum. 
  
 “Property” shall mean the land located in Clark County, Washington, more fully described in Exhibit A attached hereto, which is acquired by the Tribe pursuant to Section 2.8 and Taken into Trust or
any additional or alternative property Taken into Trust for the Tribe for the purpose of Gaming to be developed by Developer under this Agreement. 
  
 “Recoverable Legal Fees” shall have the meaning set forth in Section 5.1(d). 
  
 “Taken into Trust” or words of similar import shall have the
meaning set forth in Section 2.8(d). 
  
 “Tribal
Advance” shall have the meaning set forth in Section 5.2. 
  
 “Tribal Gaming Ordinances” shall mean all Tribal Ordinances related to or concerning Gaming. 
  
 “Tribal Ordinances” shall mean all applicable laws, rules and regulations of the Tribe. 
  
 “Tribe” means the Cowlitz Indian Tribe, a federally
recognized Indian Tribe, together with its permitted successors and assigns. 
  
 “Uniform Building Codes” mean the Uniform Building Code (1997 ed.) of the International Conference of Building Officials, the Uniform Mechanical Code, (1997 ed.) of the International Association of
Plumbing and Mechanical Officials, the Universal Plumbing Code (1997 ed.) of the International Association of Plumbing and Mechanical Officials, the UFC Uniform Fire Code (1997 ed.), and the NEC National Electrical Code (1993 ed.). 
  
 “Wall Street Journal Prime Rate” means the highest prime
rate published daily in the “Money Rates” section of The Wall Street Journal. 
  
 1.2 Accounting Terms. Unless otherwise indicated, all accounting terms (whether or not such terms are indicated with initial capital letters) shall have their respective meanings in accordance with GAAP,
consistently applied. 
  
 1.3 Recitals. The recitals set forth above
are true and correct and are incorporated herein by reference. 
  
 ARTICLE 2. APPOINTMENT OF DEVELOPER; DEVELOPMENT BOARD; PROJECT DESIGN; 
 ACQUISITION OF PROPERTY 
  

	2.1	Appointment of Developer; Exclusive Rights of Development. 

  
 (a) Pursuant to the terms of this Agreement, the Tribe hereby appoints Developer as its agent and grants to Developer the exclusive right to (i) carry out
any and all activities that are necessary in order to Develop the Project, including, without limitation, facilitating the Tribe’s acquisition of the Property and facilitating the Taking into Trust of the Property; and (ii) administer and
oversee the planning, design, Development, construction, furnishing, equipping and Financing of any improvements to the Property, between the Effective Date and end of the term of the Management Agreement, unless this Agreement is earlier terminated
as provided for at Section 8.1(a) (the “Exclusive Period”). Subject to the other provisions of this Agreement, Developer’s services shall include advancing funds to retain accountants, attorneys, government, public and media
relations professionals and other consultants (the “Consultants”) experienced in accomplishing items included in the Pre-Financing Goals, which advances shall be part of the 
  

 5 

 “Interim Advances”. Agreements with such Consultants shall be between those Persons and the
Tribe provided that Developer’s prior contracts with the non-attorney Consultants listed in Exhibit B are hereby approved by the Tribe. Notwithstanding the foregoing, Developer may select and retain one or more law firms to assist it in
carrying out its responsibilities under this Agreement which firms shall serve solely as Developer’s attorneys in connection with this Project. During the Exclusive Period, the Tribe and the Affiliates of the Tribe shall not directly or
indirectly designate or appoint (or cause to be designated or appointed) any other Person to act as a developer with respect to the Project and shall not directly or indirectly Develop or act as a developer with respect to the Project except where
allowed by the express provisions of this Agreement. In addition, during the Exclusive Period, the Tribe, on the one hand, and Developer, on the other hand, shall not directly or indirectly build, develop or own any Competitive Facilities or hold
any interest in any Competitive Facilities except as hereafter agreed by the Parties in writing. 
  
 (b) Developer recognizes that the Tribe is entering into this Agreement based on the experience and qualifications of its members. The Tribe acknowledges
that it has had the opportunity and has made due inquiry to its satisfaction as to the experience and qualifications of the Developer’s members and that it is not relying upon any representations as to the knowledge and experience of any other
employee, agent or consultant of Developer or its Consultants in entering into this Agreement. 
  
 (c) The Tribe recognizes that the Developer is entering into this Agreement based on the representations of the Tribe as to the Tribe’s historic ties
and claims to land in Clark County, Washington, as described in Exhibit C. The Tribe represents and warrants that such Exhibit is accurate and complete. The Developer acknowledges that it is not relying on any representations as to the Tribe’s
historic ties and claims to land in Clark County which are not set out in such Exhibit. 
  
 (d) The Parties shall act in good faith and fair dealing in carrying out their respective obligations and agree to use commercially reasonable efforts and to devote such time and effort as may be commercially
reasonable to perform their obligations under this Agreement. Without limiting the foregoing, Developer shall keep the Board apprised on a current basis of any material information about the Developer’s progress in performing its services
hereunder. The Tribe, on the one hand, and Developer, on the other hand, shall keep the Board informed of any material information about the Project that comes into its possession. 
  
 (e) The Tribe will negotiate with the State of Washington the Compact with the assistance of Developer, and shall keep
Developer apprised on a current basis of any material developments in connection with such Compact negotiations. The Tribe shall seek Developer’s input and assistance in all Compact negotiations that relate to the Project. Developer further
acknowledges that: (i) the Compact may require the Tribe to agree to terms that could directly impact other Tribal governmental interests and concerns, including but not limited to matters not related to the Project; and (ii) it is of utmost
importance for the Tribe that the Tribe’s sovereignty and governmental integrity be protected, and any decision by the Tribe, with respect to the proposed Compact, despite business or Project implications, must and shall be subject to the
Tribe’s sole discretion, provided that, in the event that the Developer determines, in its sole discretion, that any such terms of the Compact will have a material adverse effect on its interests under this Agreement, then the Development Fee
provided for herein shall be equitably adjusted, or this Agreement shall be otherwise modified, as the Parties shall agree and, in the event that the Parties are unable to reach agreement with respect to any such equitable adjustment or
modification, the matter shall be resolved by binding arbitration in accordance with Section 8.2(d), below. The Developer specifically acknowledges an understanding and awareness of the scope and nature of gaming allowed by compact in the State of
Washington as of the date of this Agreement. 
  
 (f) The Parties
acknowledge that a requirement to obtain state or federal approval of the Project may be that the Tribe reach agreement or amend existing agreements with county and 
  

 6 

 local governmental units with respect to the impact of the Project on the local community and related
issues (an “Intergovernmental Agreement” or “Memorandum of Understanding”) as well as with the State of Washington under the terms of the Compact. The Tribe shall seek Developer’s input and assistance in
all such negotiations that relate to the Project. Developer acknowledges and agrees that the Tribe shall have sole discretion in the decision to agree or disagree with any local or state governmental proposal or demand, provided that, in the
event that the Developer determines, in its sole discretion, that any such terms will have a material adverse effect on its interests under this Agreement, then the Development Fee provided for herein shall be equitably adjusted, or this Agreement
shall be otherwise modified, as the Parties shall agree and, in the event that the Parties are unable to reach agreement with respect to any such equitable adjustment or modification, the matter shall be resolved by binding arbitration in accordance
with Section 8.2(d), below. The Developer specifically acknowledges prior receipt and review of that certain Memorandum of Understanding between the Tribe and Clark County, a political subdivision of the State of Washington, dated February 10, 2004,
and a supplemental Memorandum of Understanding between the same parties dated March 2, 2004. 
  
 (g) The Tribe hereby authorizes and appoints the Developer to be a limited representative of the Tribe in meetings and discussions with state, county and local governmental agencies and officials in connection with
the Project (other than with respect to the Compact and the Intergovernmental Agreement, as described in Section 2.1(e) and (f)). Developer shall keep the Tribe apprised on a current basis with respect to such meetings or discussions and, where
practicable, shall provide the Tribe with advance notice of such meetings or discussions and the opportunity to participate therein. 
  
 (h) The Tribe shall be the lead party in meetings and discussions with federal, state and local governmental agencies and officials in connection with the
Project. The Tribe shall keep the Developer apprised on a current basis with respect to such meetings or discussions and, where practicable and advantageous to the accomplishment of the Pre-Financing Goals, shall provide the Developer with advance
notice of such meetings or discussions and the opportunity to participate therein. 
  
 (i) In acting as the Tribe’s agent or providing assistance to the Tribe under Sections 2.1(e) through (h), Developer shall not have the authority or power to bind the Tribe, and any agreement that binds or
purports to bind the Tribe in respect of the Compact, any Intergovernmental Agreement, or any matter referenced in Section 2.1(g) or (h), shall be deemed to be outside the scope of any authority granted to Developer by the Tribe hereunder.

  
 (j) Subject to the limitations and requirements on Developer
set forth elsewhere in this Agreement including, without limitation, the provisions of Section 2.2 hereof, as exclusive developer of the Project, Developer shall have the full cooperation and fidelity of the Tribe and be responsible for assisting
the Tribe in (i) procuring all federal, state, county and local governmental approvals necessary to Develop the Project; (ii) acquiring the Property as provided for at Section 2.8; (iii) administering and overseeing contracts with an Architect,
Professionals, General Contractor, Design Build Contractor and/or Consultants; (iv) purchasing equipment, materials and supplies in connection with the Project; and (v) securing Financing for the Project. Developer shall have access to the Property
in order to meet its obligations hereunder, oversee all on-site Persons employed in the construction and Development of the Project and shall have the right to provide access to the Property to the Architect, Professionals, General Contractor and/or
Design Build Contractor. Developer shall keep the Board apprised of any material information in Developer’s possession that relates to the Pre-Financing Goals and the Development of the Project. The Tribe shall also keep the Board informed of
any material information about the Pre-Financing Goals and the Property. Developer shall not undertake any Development activities otherwise required or allowed under this Agreement for which funding is not in place pursuant to (A) the Pre-Financing
Budget and the funding therefor provided by the Parties pursuant to Section 5.1(a), (B) Financing which has been obtained pursuant to Section 5.3, or (C) such other funding as is hereafter provided pursuant to Sections 5.1(e) or 5.1(f), below, or by
written agreement of the Parties. 
  

 7 

 (k) As promptly as practicable but in no event later than sixty (60) days after the Effective Date of
this Agreement, the Developer, in consultation with the Development Board, shall prepare and submit to the Tribe a written plan of action and a budget for accomplishing the Pre-Financing Goals, which plan of action and budget shall specify, in
reasonable detail, the timing and costs anticipated in order to accomplish the Pre-Financing Goals, and shall provide for monthly Interim Advances to the Tribe, as described in Section 5.1(d). Once such plan and budget have been approved by the
Tribe, which approval shall not be unreasonably withheld, such plan and budget shall be the “Pre-Financing Budget,” and shall be followed by the Developer unless the Development Board agrees, in writing, to modify the Pre-Financing
Budget and any additional funding required as a result of such modification has been secured pursuant to Sections 5.1(e) or 5.1(f), below, or by written agreement of the Parties. The written plan of action included in the Pre-Financing Budget shall
include a schedule of milestones wherein specific Development activities of the Developer to be undertaken pursuant to this Agreement shall be sequenced and target dates set. Following approval of the Pre-Financing Budget, the Tribe and the
Developer shall each fully cooperate to ensure, to the extent practicable, that such milestones are achieved on a timely basis. 
  
 (l) Except as otherwise provided for in this Agreement, the Tribe hereby covenants and agrees that, in the event the Property is acquired, the Tribe shall
(i) take no action reasonably likely to cause the United States to refuse to accept the Property in trust or to cause the termination or failure of any such trust; (ii) not cause any lien, claim, encumbrance, or pledge to be filed against or
otherwise encumber the Property except as approved by the United States and provided for by the terms of the Financing; and (iii) not cause any lien, claim, encumbrance or pledge to be filed against or otherwise encumber any of the revenues, cash
flow or profits from any of the businesses on the Property, except as approved by the United States, if required, and provided for by the terms of the Financing. 
  

	2.2	Development Board. 

  
 (a) As of the Effective Date, the Tribe and Developer shall establish the Development Board. The Board shall have the rights, obligations and powers set
forth in this Agreement. The Board shall be a committee consisting of six (6) representatives, four (4) of whom are appointed by the Tribe (“Tribal Representatives”) and two (2) of whom are appointed by Developer (“Developer
Representatives”) provided that two (2) of the Tribal Representatives shall be voting members and two (2) of the Tribal Representatives shall be non-voting members, A non-voting Tribal Representative shall have the right to vote in place of a
voting Tribal Representative upon written delegation by a voting Tribal Representative, but in no case shall the Tribal Representatives have an aggregate of more than two (2) votes. The Parties hereto acknowledge and agree that the initial voting
Tribal Representatives shall be Lowell (Sonny) Bridges and William Iyall and the initial non-voting Tribal Representatives shall be Carolyn Medeiros and Carolee Morris. The Parties further acknowledge and agree that the initial Developer
Representatives shall be David Barnett and Mark Brown. The Board shall elect a chair who shall exercise such authority and carry out such responsibilities in such capacity as the Board may from time to time determine. Either the Tribe or Developer
may change its representatives to the Board at any time, provided that any such change complies with this Section 2.2, and that notice is provided to the other Parties in accordance with the provisions of Section 9.5. The Tribe and the Developer
shall each be entitled to request and receive from the other Party reasonable evidence that the Person(s) designated by the other Party as members of the Board have been duly appointed. The Parties may invite individuals who do not sit on the Board
to attend Board meetings, provided such individuals shall provide such assurances in writing regarding non-disclosure of Confidential Information as the Tribe or Developer may reasonably request; and such individuals shall not be regarded as members
of the Board for purposes of this Agreement. 
  

 8 

 (b) The chair of the Board, subject to the concurrence of the Board, shall set meeting schedules for the
Board in advance of each calendar quarter during the term hereof, at a frequency of at least one (1) meeting every month. Meetings may be in person or by telephone conference, but all members of the Board shall be given a reasonable opportunity to
attend or otherwise participate in such meetings. In addition to the regularly scheduled meetings, any one (1) voting representative of the Board shall have authority to call a special meeting of the Board on seventy-two (72) hours advance written
notice to the other representatives that comprise the Board on such date. In order to be effective, any action of the Board must be the result of a unanimous vote of all four (4) voting members of the Board taken at a duly scheduled or called
meeting of the Board, or the written or electronic consent of all four (4) voting members of the Board (which written or electronic consent may be evidenced by facsimile or e-mail exchange between and among such members). The Parties hereby agree to
ensure that their respective representatives to the Board shall cooperate fully and shall try to reach agreement or compromise on all matters before the Board. In the event such agreement cannot be reached, the applicable action shall be determined
in the manner provided in Section 8.2. If a Member of the Board fails to vote in person or by written or electronic means on any matter presented for a vote at a duly scheduled or called meeting of the Board or within seventy-two (72) hours of such
meeting, he or she shall be irrevocably deemed to have voted affirmatively with regard to such matter. The Board shall appoint an individual to act as recording secretary to keep minutes of each meeting of the Board. Such minutes for each meeting
shall be reviewed and approved as the official minutes of the meeting at the next meeting of the Board. The original of the official minutes of Board meetings shall be retained by the recording secretary and copies thereof shall be made available to
each member of the Board upon request. 
  
 (c) Either party may
designate a proxy of its named representative to the Development Board to act in the absence of such member, provided that such designation shall be in writing by the authorized representative of such party and that notice of such designation shall
be provided pursuant to Section 9.5. Such designee shall have the full power and authority to act, vote or consent on behalf of such member. 
  

	2.3	Employment of Architect or Design Builder and Other Professionals. 

  
 (a) At such time as is set out in the action plan included in the Pre-Financing Budget, and if and only if a Design Building
Contractor is not utilized pursuant to Section 2.3(b), Developer shall select and present to the Board one (1) or more architects with demonstrated experience in designing and constructing Gaming facilities for the purposes of designing the
Facilities and performing other services in connection with the construction and Development of the Project. If the Board is dissatisfied with the one or more architects presented to it for its consideration, it may require the Developer to select
and present one or more additional architects for its consideration. The architect whom the Board selects shall be the “Architect” for purposes of this Agreement. The agreement with the Architect (the “Architect
Agreement”) shall be prepared by Developer, in consultation with the Board and approved by the Board within sixty (60) days following the selection of the Architect. The Tribe shall enter into the Architect Agreement provided that the fees
and expenses associated with the retention of the Architect shall be within the reasonable guidelines set by the Board. The Tribe shall assign to Developer its responsibilities under the agreement in order to allow Developer, on behalf of the Tribe,
to administer and oversee such agreement. 
  
 (b) In place of an
Architect (and a General Contractor), upon approval by the Development Board and as and when provided for in the action plan included in the Pre-Financing Budget, Developer may negotiate a Design Build Contract with a Design Build Contractor for the
Project (the “Design Build Contract”). The Tribe shall enter into such Design Build Contract provided that (i) Developer shall have presented to the Board one (1) or more Design Build Contractors with demonstrated experience in
designing and constructing Gaming facilities; (ii) the Board shall have selected one such Design Build Contractor as the “Design Build Contractor” under this Agreement; and (iii) the Board shall have approved the Design Build
Contract for the selected 
  

 9 

 Design Build Contractor. If the Board is dissatisfied with the one or more Design Build Contractors
presented to it for its consideration, it may require the Developer to select and present one (1) or more additional Design Build Contractors to it for its consideration. The Tribe shall assign to Developer its responsibilities under the Design
Build Contract in order to allow Developer, on behalf of the Tribe, to administer and oversee the Design Build Contract. 
  
 (c) In addition to the Architect or Design Build Contractor, and as and when provided for in the Pre-Financing Budget, Developer shall present to the
Board one (1) or more candidates for other required professionals, such as interior designers and consulting engineers. If the Board is dissatisfied with the one (1) or more candidates presented to it for its consideration, it may require the
Developer to select and present one (1) or more additional candidates for its consideration. Those professionals which the Board selects for the Project shall be the “Professionals” under this Agreement. For each Professional
selected by the Board, Developer shall negotiate with, and the Tribe shall enter into an agreement with such Professional. The Tribe shall assign to Developer its responsibilities under each of such agreements with each of such Professionals in
order to allow Developer, on behalf of the Tribe, to administer such agreements. 
  
 (d) Notwithstanding the above, Developer shall not have the authority unless otherwise specifically granted by the Tribe in writing, to initiate any litigation, arbitration or other dispute resolution mechanism on
behalf of the Tribe; settle any claim brought against the Tribe; or execute any release or other document which would serve to release or compromise any claim or rights of the Tribe. Developer’s powers with respect to the Architect Agreement,
the Design Build Contract or any contract with a Professional, shall be subject to the oversight authority of the Board. 
  
 (e) The Tribe hereby agrees that the Tribe shall, in good faith, grant reasonable limited waivers of sovereign immunity to any party (including, without
limitation, the Architect, any Design Build Contractor and any Professional) which contracts with the Tribe in connection with the Development of the Project; provided that no such waiver of sovereign immunity shall exceed the scope or limitation of
the waiver of sovereign immunity contained in Section 8.2. The Tribe acknowledges that such waivers are necessary and agrees to provide the Architect, the Design Build Contractor or Professional, as the case may be, with a reasonable means of
dispute resolution in a federal, state or commercial arbitration forum. 
  
 (f) Before approving an Architect, Design Build Contractor or Professional, the Board shall satisfy itself, as part of its due diligence, that the fees and expenses associated with such agreement are reasonable and
are within the Pre-Financing Budget and have been funded. The Board shall also satisfy itself, before approving any such agreement, that there are no other legitimate business or legal reasons why the Tribe should not contract with the Architect,
Design Build Contractor or Professional. 
  

	2.4	Concept Program. 

  
 (a) Within ten (10) days of the effective date of the Architect Agreement, or the Design Build Contract, as the case may be, the Tribe shall discuss with
Developer the Tribe’s overall concept and design theme for the Facilities. Pursuant to such discussions, within ninety (90) days of such effective date, Developer shall, with the assistance of the Architect or the Design Build Contractor, as
the case may be, prepare a plan (the “Concept Program”) for the design of the Facilities, including, but not limited to, a concept program which shall set forth Developer’s and the Tribe’s objectives, overall schedule
requirements, major design criteria, design theme, general facility size, space requirements, amenities, special uses, special equipment and site requirements. The Concept Program shall be submitted to the Board for its approval and, once approved,
shall not be subject to change except by action of the Board. Notwithstanding the foregoing, the Tribe or such Person(s) as the Tribe might designate (and not the Development Board) shall have final approval, in its sole discretion, of any design
elements that reflect on the Tribe’s name, culture, reputation or the like. The Concept Program as last approved (as may 
  

 10 

 from time to time be modified pursuant to this Section 2.4(a)) shall be referred to as the
“Approved Concept Program.” The costs of preparing the Concept Program shall be included in the Pre-Financing Budget. 
  
 (b) Subject to the terms hereof, during the term of this Agreement, Developer shall review the Approved Concept Program and may revise the Approved
Concept Program from time to time, as necessary, to reflect any unpredicted changes, changed circumstances or events or as necessary to balance the Approved Facility Budget for the Project or to provide that the Project Costs do not exceed the
available Financing for the Project. Developer shall be allowed to make such modifications without approval of the Development Board, provided that Developer shall not make any such modification that, on a cumulative basis with other modifications
previously made without the written approval of the Development Board (i) increases the Approved Facility Budget for the Project which may result in a Material Budget Amendment, (ii) changes the overall theme or brand name of the casino at the
Property (other than as required due to termination of rights by a licensor or franchiser), or (iii) makes any change that would cause the Project to violate applicable laws or regulations (any of the foregoing clauses “i”, “ii”
or “iii” constituting a “Material Concept Amendment”). The written consent of the Development Board shall be required to approve any proposed Material Concept Amendment. Developer shall give the Development Board prior
written notice of any proposed Material Concept Amendment. Further, Developer shall not make any change to the Approved Concept Program that affects the Tribe’s name, culture, reputation or the like without the Tribe’s prior written
consent, which consent may be withheld in the Tribe’s sole discretion. No less frequently than once a month at the regularly scheduled meeting of the Board, Developer shall provide to the Development Board a report which sets forth in
reasonable detail any changes in the Approved Concept Program, the Approved Facility Budget and/or the Approved Plans and Specifications which, pursuant to the terms of this Agreement, do not constitute Material Concept Amendments, Material Budget
Amendments or Material Specifications Amendments. 
  

	2.5	Acquisition, Design, Construction and FF&E Budgets. 

  
 (a) Within sixty (60) days of the Board’s approval of the Concept Program, Developer shall establish a preliminary budget for Property acquisition
(the “Acquisition Budget”), a preliminary budget for design (the “Design Budget”), a preliminary budget for construction (the “Construction Budget”), and a preliminary budget for the furnishing and
equipment (“FF&E Budget”) for the Project (the Design Budget, Construction Budget and FF&E Budget, collectively, shall be referred to as the “Facility Budget”). The Facility Budget shall be submitted to the
Development Board for approval by a vote of its members in accordance with the provisions hereof. The Facility Budget as last approved by the Development Board and, as may be modified pursuant to this Section 2.5 for the Project, shall be referred
to as the “Approved Facility Budget.” 
  
 (b)
Subject to the terms of this Section 2.5(b), during the term of this Agreement, Developer shall periodically review the Approved Facility Budget for the Project and may revise the Approved Facility Budget from time to time, as necessary, to reflect
any unpredicted or unforeseeable changes, variables or events or to include significant, additional, unanticipated items of expense. Developer shall be allowed to reallocate part or all of the amount budgeted with respect to any line item to another
line item and to make such other modifications to the Approved Facility Budget as Developer deems necessary, unless such modifications, on a cumulative basis with other modifications previously made without the written approval of the Development
Board, (i) increase the total amount of the original Approved Facility Budget by more than five percent (5%); (ii) result in a fundamental change in the Concept Program described in Section 2.4(a) above or the theme of the Project; or (iii) result
in a decrease in the projected cash flow of the Project of five percent (5%) or more during the initial seven (7) years of operations (any of the foregoing clauses “i” through “iii” constituting a “Material Budget
Amendment”). All proposed Material Budget Amendments shall require the written approval of the Board. Developer shall give the Board prior written notice of a proposed Material Budget Amendment. 
  

 11 

 (c) The Tribe acknowledges that the Approved Facility Budget is intended only to be a reasonable estimate
of the Property acquisition, design, construction and furnishings and equipment costs of the Project. Developer shall not be deemed to have made any guarantee, warranty or representation whatsoever in connection with the Approved Facility Budget.

  

	2.6	Schematic Design Documents and Plans and Specifications 

  

(a) Based upon the Approved Concept Program and the Approved Facility Budget, Developer shall cause the Architect or the Design Build Contractor, as
the case may be, to prepare schematic design documents consisting of drawings and other documents illustrating the scale and relationship of the proposed Facilities and its components. Developer shall also cause the Architect or the Design Build
Contractor, as the case may be, to prepare for Developer’s review design development documents consisting of drawings and other documents to fix and describe the size and character of the Facilities as to architectural, structural, mechanical
and electrical systems, materials and such other elements as may be appropriate. Further, the Architect or the Design Build Contractor, as the case may be, shall advise the Development Board regarding any preliminary estimates of construction costs.
The costs of preparing the foregoing documents and cost estimates shall be included in the Pre-Financing Budget. In the event that more detailed design drawings are required in order to obtain Financing, Developer shall cause such documents to be
prepared, provided that the cost thereof has been included in the Pre-Financing Budget or is otherwise funded pursuant to Sections 5.1(e) or 5.1(f), below, or by written agreement of the Parties. 
  
 (b) Based upon the design documents prepared pursuant to Section 2.6(a)
above and the Approved Facility Budget and once Financing has become available for use by the Tribe, Developer shall cause the Architect or the Design Build Contractor, as the case may be, and other Professionals, if appropriate, to prepare
construction documents consisting of detailed drawings, plans and specifications setting forth the detailed requirements for construction of the Facilities (collectively, the “Plans and Specifications”). The Plans and Specifications
shall be submitted to the Board for approval by a vote of its members in accordance with the provisions hereof. The Plans and Specifications as last approved by the Board and, as may be modified pursuant to this Section 2.6 for the Project, shall be
referred to as the “Approved Plans and Specifications”. During the term of this Agreement, Developer shall have the right to make modifications to the Approved Plans and Specifications without the prior written consent of the Development
Board or the Tribe provided that such changes, on a cumulative basis with other changes previously made without the prior written consent of the Board, (i) are otherwise consistent with the Approved Concept Program; (ii) do not result in a Material
Concept Amendment; (iii) do not result in a Material Budget Amendment; and (iv) are not then reasonably anticipated by Developer to decrease projected cash flow of the Project of five percent (5%) or more during the initial seven (7) years of
operations. Any changes to the Plans and Specifications that, pursuant to the preceding sentence, must be approved by the Board are “Material Specifications Amendments” under this Agreement. 
  

	2.7	Compliance with Construction Standards, Environmental Laws and Regulations. 

  
 (a) The Parties shall cooperate to ensure that the Facilities are designed and constructed so as to adequately protect the
environment and the public health and safety, including, without limitation, complying with applicable law. The design, construction and maintenance of the Facilities shall, except to the extent a particular requirement or requirements have been
waived in writing by the Tribe, meet all minimum standards under the Compact and the Tribe’s ordinances, codes and regulations in existence on the date hereof and attached hereto as Exhibit D, any requirements imposed under the
Intergovernmental Agreement and, to the extent not inconsistent with the same, all applicable Washington state or county building codes, fire codes and safety and traffic requirements that are applicable generally (but excluding planning, zoning and
land use laws, ordinances, regulations and requirements) that would be imposed on the Facilities or Project by existing Washington or federal statutes or regulations that would be applicable if the 
  

 12 

 Facilities were located outside of the jurisdictional boundaries of the Tribe, even though those
requirements may not apply within the Tribe’s jurisdictional boundaries; provided, however, that in no event shall building standards for the Facilities be less than the Uniform Building Codes. In addition, any mitigation steps
specified in any environmental assessments or reviews conducted with respect to the Property on behalf of the Tribe or required under the National Environmental Policy Act (“NEPA”) shall be taken. The Tribe shall be responsible for
and shall, if required by law, certify to appropriate governmental agencies its compliance with NEPA and all other applicable environmental laws and regulations. Nothing in this subsection shall grant to the State of Washington or any political
subdivision thereof any jurisdiction (including, but not limited to, jurisdiction regarding zoning or land use) over the Property or the Development and management of the Project. 
  
 (b) As of the Effective Date, the Tribe hereby represents and warrants that there are no Tribal Ordinances including,
without limitation, any ordinances or other rules or regulations of any Tribal Gaming Commission that would require the Developer to obtain any license, qualification or other Tribal governmental approval to act as Developer hereunder, or to perform
all of Developer’s obligations hereunder (other than as set forth in Exhibit D). 
  

	2.8	Acquisition of Property. 

  
 (a) As one of the services to be performed hereunder by Developer, Developer agrees to assist the Tribe to acquire the Property. The Tribe acknowledges
that the Developer has negotiated and entered into one or more options and agreements for the Property (collectively, the “Option”). The Developer shall assign the Option to the Tribe when Financing is obtained pursuant to Section
5.3 and as otherwise provided for at Section 2.8(d) below. The sales price and all purchase costs and expenses (including, without limitation, brokerage fees, legal fees, transfer taxes, documentary stamps, title charges, survey costs, due diligence
costs and environmental review costs and other lending, transaction, interest and similar costs and fees incurred or to be incurred in connection with the exercise of the Option and the acquisition of the Property) shall be paid by the Tribe,
through proceeds of the Financing. However, prior to when Financing funds become available for use by the Tribe, survey, environmental review and other due diligence costs, and any other amounts which, pursuant to the terms of the Option must be
paid by the Developer, shall be paid by Developer, provided that there are Pre-Financing Budget funds therefor pursuant to Section 5.1(a), 5.1(e) or 5.1(f), or by agreement of the Parties. 
  
 (b) The parties acknowledge that the Tribe has prepared and filed a fee to
trust application with the BIA. Developer shall provide input and review of any supplements to the application, and shall assist the Tribe with such fee to trust efforts. Developer’s assistance shall include providing all assistance reasonably
appropriate to help obtain federal, state and local approval to placing the Property into trust for the Project. The Tribe, on the one hand, and Developer, on the other hand, shall keep each other fully informed on a contemporaneous basis of all
developments with respect to obtaining federal, state or local approvals, and shall confer and agree on all strategies and contacts with governmental officials or agencies that are to be made. All funds which the Parties anticipate will be expended
in procuring the fee to trust application including, without limitation, governmental relations expenses, shall be included in the Pre-Financing Budget. 
  
 (c) Any environmental studies to be undertaken in connection with the fee to trust process shall be effected by Consultants who have been approved by the
Board and retained by Developer in accordance with the Pre-Financing Budget. 
  
 (d) The Property shall be deemed to have been “Taken into Trust” when a deed is recorded evidencing that the Property is held by the United States of America for the benefit of the Tribe and that the
Property has been Taken into Trust for Gaming. 
  

 13 

 ARTICLE 3. CONSTRUCTION 
  
 3.1 Selection of General Contractor. If the Parties have elected not to utilize a Design Build Contractor as allowed by
Section 2.3(b), Developer shall solicit and conduct a review of one (1) or more proposals for a contractor for the construction of the Facilities and Developer shall present all such proposals to the Board, with recommendations or comments on each
such proposal. If the Board is dissatisfied with the one (1) or more contractors presented for its consideration, it may require the Developer to select and present one (1) or more additional contractors to it for its consideration. The Board shall
then select a contractor for the construction of the Facilities, and the selected firm shall be the “General Contractor” under this Agreement. The General Contractor shall furnish a payment and performance bond satisfactory to the
Board to cover the construction for which such contractor was retained unless the Board hereafter elects to waive such requirement. In addition, the General Contractor shall be required by its contract with the Tribe to use commercially reasonable
efforts to give and to cause subcontractors to give a hiring preference, to the extent permitted by law, to qualified members of the Tribe who have appropriate experience and skill and consistent with commercially competitive pricing and rates.

  
 3.2 Construction Agreement. In consultation with the Board and
the Tribe, Developer shall prepare on behalf of the Tribe a contract with the General Contractor (the “Construction Agreement”). The Construction Agreement shall be based on AIA model agreements and shall take into account the fact
that the Project is owned by a Native American tribe and is on property held in trust for the benefit of a Native American tribe. The Tribe shall enter into the Construction Agreement provided that the Construction Agreement is consistent
with the Approved Plan and the Approved Facility Budget, and there is no reasonable business reason or legal reason for the Tribe not to engage the General Contractor or agree to the terms of the Construction Agreement; and provided
further that either the Financing has been obtained or, if the Financing has not yet been obtained, (i) the Construction Agreement does not commit the Tribe to pay the General Contractor an amount greater than that which is available from the
Pre-Financing Budget funds furnished pursuant to Section 5.1(a), 5.1(e) or 5.1(f), or by agreement of the Parties, until Financing is obtained, or (ii) does not commit the Tribe to pay any amounts to the General Contractor until the Financing has
been obtained. The Construction Agreement shall expressly provide that (a) all work shall be done in accordance with the Approved Plans and Specifications; (b) construction of the Facilities shall commence promptly following the obtaining of
Financing and the granting of all approvals necessary to commence such work; (c) the General Contractor shall exert good commercial efforts to complete construction on or prior to the completion date specified in the applicable Contract Document;
(d) the terms thereof shall not obligate the Tribe nor cause the Tribe to be obligated for unnecessary sales tax and other impositions as to which the Tribe may be immune or exempt because of its status as a Native American Tribe or the
Project’s location on trust lands, and (e) the General Contractor shall be required to pass down and include such provisions in its subcontracts as the Board may reasonably specify. The Construction Agreement shall also provide for adequate
insurance, appropriate lien waivers, and for construction schedules pursuant to which milestones are to be accomplished, progress payments are to be made and liquidated damages are to be assessed. The Construction Agreement shall also contain such
reasonable provisions for the protection of the Tribe as the Tribe shall deem appropriate. The Tribe shall compensate the General Contractor for construction of the Facilities from its proceeds from the Financing. In addition, by its execution of
this Agreement, the Tribe hereby acknowledges, ratifies and approves all future subcontracts entered into by the General Contractor in accordance with the provisions hereof and the Construction Agreement. In the event the Board elects to utilize a
Design Build Contractor instead of a General Contractor, the Design Build Contract shall be prepared in substantial accordance with the requirements of this Section 3.2.  
  

	3.3	Construction Administration. 

  
 (a) The Tribe hereby designates Developer as its agent and Developer shall be responsible for contract administration during the construction of the
Project subject to whatever contract administration responsibilities, if any, may be delegated to an Architect pursuant to the Architect Agreement. Developer shall act as the Tribe’s designated representative and shall have full power and
complete authority and duty to act on behalf of the Tribe in connection with the 
  

 14 

 Construction Agreement or Design Build Contract, as the case may be, subject to the approval of the Board
where otherwise specifically required by this Agreement. Developer shall interpret and decide on matters concerning the performance of the General Contractor, or Design Build Contractor, as the case may be, and the requirements of the Construction
Agreement or Design Build Contract. Developer shall have the authority to reject work that does not conform to the Construction Agreement or the Design Build Contract or the Approved Plans and Specifications and to approve payments. Developer,
together with the Architect (if one has been retained), as appropriate, shall conduct inspections to determine the date or dates of substantial completion and the date of final completion of the Project. Developer, together with the Architect (if
one has been retained), as appropriate, shall observe and evaluate or authorize the evaluation of work performed, the review of applications for payment for submission to the Tribe and the review and certification of the amounts due the General
Contractor or Design Build Contractors. 
  
 (b) Notwithstanding
the foregoing, Developer shall not have the authority, unless otherwise specifically granted by the Tribe in writing, to initiate any litigation, arbitration or other dispute resolution mechanism on behalf of the Tribe; settle any claim brought
against the Tribe; execute any release or other document which would serve to release or compromise any claim or right of the Tribe; or waive the Tribe’s sovereign immunity. 
  
 (c) Anything contained in this Section 3.3 to the contrary notwithstanding, nothing herein shall prohibit the Tribe (or its
agents or contractors hired by it at its expense) from inspecting the work performed on the Project and, in connection therewith, Developer shall permit such persons to have access to the Property at all reasonable times on reasonable notice and as
otherwise required by the Construction Agreement or the Design Build Contract. 
  
 (d) In addition, the Tribe hereby agrees that the Tribe shall, as part of the Construction Agreement or Design Build Contract, in good faith, grant reasonable limited waivers of sovereign immunity to the General
Contractor or Design Build Contractor, provided that no such waiver of sovereign immunity shall exceed the scope or limitation of the waiver of sovereign immunity contained in Section 8.2. The Tribe acknowledges that such waivers are necessary and
agrees to provide the General Contractor or Design Build Contractor with a reasonable means of dispute resolution in a federal, state or commercial arbitration forum. 
  
 3.4 Progress Payments. Progress payments shall be made by the Tribe to the General Contractor or the Design Builder, as the
case may be, in accordance with the provisions of the Construction Agreement or the Design Build Contract, as the case may be, provided that all lender requirements such as receipt of partial or final lien waivers and Architect or owner
representative certifications for payment are satisfied. 
  
 ARTICLE 4. FURNITURE, TRADE FIXTURES AND EQUIPMENT; 
 INSURANCE AND CASUALTY 
  
 4.1 Selection of Furniture, Trade Fixtures and Equipment. As and when provided
for in the Approved Facility Budget, Developer shall arrange for the procurement of furniture, trade fixtures, equipment and furnishings on such purchase or lease terms as may be approved by the Developer, but in no event shall such purchase terms
or lease terms exceed the line items in the Approved Facility Budget therefor. Developer agrees to employ good business practices and, where appropriate, competitive bidding. Notwithstanding the above, Developer shall obtain the Tribe’s prior
written approval before (i) procuring in the name of the Tribe any Gaming or Gaming related equipment or items that are regulated under any applicable Tribal, Federal or State Gaming law, ordinance or regulation; or (ii) entering into a purchase or
lease transaction with a vendor that must be licensed or certified by the Tribe or subject to a background check pursuant to any applicable Tribal, Federal or State Gaming law, ordinance or regulation. 
  

	4.2	Insurance and Casualty. 

  
 (a) On or prior to commencement of construction of the Facilities, the Tribe shall obtain, the cost of which shall be payable from (i) Financing proceeds
during construction or (ii) operating 
  

 15 

 revenues generated by the Project following completion of construction, adequate liability and property
insurance (including business interruption insurance) with respect to the Project, including a property insurance policy with coverage for flood, earthquake, vandalism, malicious mischief and such other insurable hazards as, under good insurance
practices, from time to time are insured against for other property, buildings and uses similar to that contemplated by the Project. The amount of the property insurance policy shall not be less than one hundred percent (100%) of the replacement
cost value of the improvements on the Property. Liability policy limits and coverages shall be commercially reasonable and otherwise conform with all Project lender requirements. All policies of insurance required by this Agreement (A) shall be
issued by an insurer with a claims paying ability rating of not less than “AA” (or the equivalent) by Standard & Poors and one other rating agency or A- or better as to claims paying ability by AM Best, unless more stringent
requirements are imposed under the Compact or by the Financing in which event such other more stringent requirements shall apply, (B) shall name Developer, for the benefit of Developer, as an additional insured, (C) shall be maintained throughout
the term of this Agreement without cost to Developer, (D) shall contain such provisions as Developer deems reasonably necessary or desirable to protect its interest (including, without limitation, endorsements providing that neither the Tribe,
Developer nor any other Party shall be a co-insurer under said policies and that Developer shall receive at least thirty (30) days prior written notice of any modification, reduction or cancellation), (E) shall contain a waiver of subrogation
against Developer and (F) shall be reasonably satisfactory in form and substance to Developer and reasonably approved by Developer as to form, risk coverage, deductibles, loss payees and insureds. Copies of said policies, certified as true and
correct by the Tribe, or insurance certificates thereof, shall be delivered to Developer. Not later than thirty (30) days prior to the expiration date of each of the policies, the Tribe will deliver to Developer satisfactory evidence of the renewal
of each policy in accordance with the terms of this Agreement. Such policies shall be maintained in effect by the Tribe for the entire term of this Agreement. 
  

(b) If the Property or the Facilities shall be damaged or destroyed, in whole or in part, by fire or other casualty, the Tribe shall give prompt notice
thereof to Developer. Within a reasonable period of time thereafter, the Tribe shall apply all insurance proceeds received therefrom to the repair, restoration or replacement of the Facilities. 
  
 ARTICLE 5. FUNDING REQUIREMENTS OF DEVELOPMENT 
  

	5.1	Advancing of Project Costs by Developer and Tribe; Reimbursement of Developer by the Tribe. 

  
 (a) In order for the Development of the Project to continue while Financing
for the Project is being arranged, Developer shall advance up to Three Million Five Hundred Thousand Dollars ($3,500,000) in addition to the amounts incurred by Developer prior to the execution of this Agreement and listed on Exhibit E hereto
entitled “Pre-Signing Interim Advances” (collectively, the “Interim Advances”) toward the costs expressly provided for in the Pre-Financing Budget. The Tribe shall reimburse Developer for all Interim Advances, in
accordance with the provisions of this Agreement and shall pay interest, compounded annually, on all Interim Advances from the date incurred at a rate equal to the Wall Street Journal Prime Rate plus two (2) percentage points (the “Advances
Rate”). 
  
 (b) Except for the Tribal Advance provided
for in Section 5.2, neither the Developer nor the Tribe shall be obligated to make any advance for expenses which are not included in the Pre-Financing Budget, or for any interest, principal or financing fees on any Financing except as otherwise
required by Section 5.1(f), below. Amounts expended, if any, at the discretion of Developer which are not provided in, or are in excess of amounts provided in, the Pre-Financing Budget, and not otherwise approved by the Development Board as an
amendment to the Pre-Financing Budget, shall not be deemed to be Interim Advances or reimbursable by the Tribe, and shall be borne by Developer. In calculating the amount of Interim Advances, Developer shall not add any profit, mark-up or premium
onto Developer’s out-of-pocket costs, but shall pass on to the Tribe only Developer’s actual out-of-pocket costs. Developer shall provide an itemized accounting to the Development Board for Interim Advances with accrued interest from time
to time as reasonably requested by the Board. 
  

 16 

 (c) The Parties acknowledge that Developer has expended significant monies prior to the execution of this
Agreement. The expenditures listed on Exhibit E hereto, are hereby approved by the Tribe as Interim Advances for which Developer is entitled to reimbursement pursuant to Section 5.1(a), above. 
  
 (d) Interim Advances shall be utilized to pay costs incurred by the
Developer or the Tribe in accordance with the Pre-Financing Budget (such costs being herein referred to as the “Pre-Financing Expenses”). To qualify as a Pre-Financing Expense, a cost incurred by the Developer or the Tribe, as the
case may be (i) must be reasonable, and (ii) provided for in the Pre-Financing Budget. Subject to the preceding sentence, Pre-Financing Expenses may include amounts provided for and expended pursuant to the Pre-Financing Budget including, without
limitation, budgeted amounts expended for preliminary architectural drawings, engineering and design studies, feasibility and marketing studies, “Recoverable Legal Fees” (i.e., legal fees incurred or expended by Developer or the
Tribe which are necessary to advance the Project and the furtherance of this Agreement, including without limitation, negotiating Financing and any other agreements with third parties in connection with the Financing or the Development of the
Project, legal fees incurred by the Parties (A) in preparing and negotiating agreements between the Tribe, on the one hand, and Developer, on the other hand, or (B) in connection with any of Developer’s or the Tribe’s Project-related
internal or organizational legal needs or advice), and the Tribe’s and Developer’s travel expenses and any other expenses reasonably incurred under this Agreement. All amounts payable for rendering Project-related services to employees of
the Tribe, whether by way of compensation, fringe benefits or otherwise which are included in the Pre-Financing Budget shall be treated as a Pre-Financing Expense. All amounts payable for rendering Project-related services to employees of the
members of Developer, whether by way of compensation, fringe benefits or otherwise, shall be paid by and as an expense of Developer or its members, and shall not be included in the Pre-Financing Budget or treated as a Pre-Financing Expense. Any
amounts payable for rendering Project-related services to employees of Developers hired exclusively for the Project may be treated as a Pre-Financing Expense if included in the Pre-Financing Budget. It is understood that Developer will not be
reimbursed for any expenses incurred or advanced which are not Pre-Financing Expenses including liabilities for which Developer is obligated to indemnify the Tribe pursuant to Section 8.5. 
  
 (e) The Parties further agree that Developer shall have the right, but not
the obligation, to advance any Project Costs that are not included in the Pre-Financing Budget, provided that either such advance was requested by the Tribe or, if not requested by the Tribe, such advance (i) is for Project Costs for which proceeds
of the Financing are not then available for any reason and (ii) is otherwise within the limits provided in and shall pay for all or a portion of the items comprising the Approved Facility Budget (“Optional Advances”). Any Optional
Advance shall be treated as an additional Interim Advance. 
  
 (f) If the Three Million Five Hundred Thousand Dollars ($3,500,000) in additional Interim Advances provided for at Section 5.1(a) are exhausted before Financing is obtained, and if the Developer does not elect to make Optional Advances
pursuant to Section 5.1(e) above which are sufficient to cover any resulting shortfall, then within five (5) business days notice from Developer, the Tribe shall advise the Developer in writing whether it is electing to terminate this Agreement
pursuant to Section 8.1(a)(vii) below. 
  
 (g) In the event this
Agreement shall terminate during the Pre-Financing Phase pursuant to Section 8.1(a)(iii), (iv), (v), (vi) or (viii) of this Agreement, the Tribe shall not be obligated to reimburse Developer for any Interim Advances. 
  
 (h) Except as otherwise provided in Section 5.1(g), the Tribe shall
reimburse the Developer for Interim Advances and the Tribal Advance due in accordance with this Agreement, with 
  

 17 

 interest, from the proceeds of the Financing to the extent that proceeds of the Financing are available
therefor. The Tribe may prepay the Interim Advances or the Tribal Advance at any time. Any balance of Interim Advances or the Tribal Advance made by Developer and not paid from the proceeds of the Financing shall be paid as soon as possible in
monthly payments with accrued interest thereon as otherwise provided for in this Agreement commencing on the first day of each calendar month thereafter, as a Priority Payment (after payment of the Minimum Monthly Payment). Any distribution of Cash
Flow From Operations to the Tribe for its general governmental accounts or to any Affiliate thereof which results in a breach of the Tribe’s obligations to repay the foregoing Interim Advances or the Tribal Advance to the Developer as a
Priority Payment shall constitute a distribution of revenues by the Tribe in contravention of this Agreement. 
  
 (i) Optional Advances shall accrue interest, compounded annually, commencing on the date of such advance from the Developer at the Advances Rate.

  
 (j) Subject to the provisions of Section 5.1(d), Developer
shall make Interim Advances by making direct payment of Pre-Financing Expenses or by making monthly advances to the Tribe in accordance with the Pre-Financing Budget. Pre-Financing Expenses incurred by the Tribe which are not covered by the monthly
Interim Advances made by Developer and which are provided for in the Pre-Financing Budget shall be advanced by Developer to the Tribe within thirty (30) days following receipt of a request for reimbursement, accompanied by reasonable evidence of the
expense. 
  
 (k) By no later than the thirtieth (30th) day of each calendar month, the Tribe on one hand, and the Developer on the other hand, shall account to each other for the
Pre-Financing Expenses incurred by the Tribe or the Developer, as the case may be, in the preceding month by providing a reasonably detailed accounting of such expenses together with supporting documentation to the other. Such Pre-Financing Expenses
as supported by such accounting and documentation shall be deemed to have been approved by the recipient thereof, unless, within thirty (30) days of its receipt of such accounting and documentation, the recipient notifies the Party or Parties
providing such accounting and documentation as to any specific claimed Pre-Financing Expenses it disputes. Any such disputes shall be resolved in accordance with Section 8.2. 
  
 5.2 Acting As Agent of Tribe; Tribal Advance. It is expressly understood and agreed that all Development activities of the
Developer within the scope of its authority hereunder shall be carried out by Developer on behalf of the Tribe, and that any and all obligations, costs or expenses incurred in the performance of its obligations under this Agreement (including,
without limitation, the Interim Advances) and within the scope of its authority hereunder shall be borne by the Tribe and not by Developer, except as otherwise specifically provided herein (including, but not limited to, the indemnification
provisions set forth in Section 8.5). Once Developer has paid its share of Pre-Financing Expenses, subject to the limitation set out in Section 5.1(a), Developer shall not be obligated to make any further Interim Advances with respect to the Project
to, or for the account of, the Tribe, nor shall the Developer be obligated to incur any liability or obligation or do any act or perform any duty hereunder except for any obligation pursuant to the Tribal Advance as provided in this Section 5.2.
Within thirty (30) days of the Effective Date and upon delivery of a promissory note substantially in the form of Exhibit F, hereto, executed by and enforceable against the Tribe, Developer shall advance Five Hundred Thousand Dollars
($500,000.00) to the Tribe as an additional advance (the “Tribal Advance”) to be used by the Tribe in its sole discretion in furtherance of the Tribe’s goal of economic development and diversification. The Tribal Advance shall
accrue interest, compounded annually, commencing on the date of such advance from the Developer at the Advances Rate. 
  
 5.3 Financing. As promptly as practicable following the Tribe’s approval of the Pre-Financing Budget (as described in Section 2.1(k) above), Developer
shall commence efforts to assist the Tribe to arrange for one or more financings to Develop the Project (collectively, the “Financing”), which Financing shall be subject to the approval of the Tribe, which approval shall not be
unreasonably withheld. In evaluating the available Financing arrangements, the Parties shall take into account their financial benefits and risks and 
  

 18 

 the then current market conditions, and shall attempt to determine, on a prudent basis, whether obtaining such Financing
and completing the Project would be advantageous to the Tribe, and whether such Financing permits payment to the Tribe of the Minimum Monthly Payment. The loan documents shall be negotiated by Developer, in consultation with the Tribe. The Tribe
shall not initiate any contact with Persons interested in Financing all or part of the Project, and if contacted by such Persons, the Tribe shall notify Developer. Notwithstanding the foregoing, if Developer is unable to arrange for all of the
Financing needed to complete the Project within a reasonable period, the Tribe may, upon ten (10) days written notice to the Developer, solicit for Financing to complete the Project. The Tribe acknowledges that Developer is not a mortgage broker,
loan originator, or broker-dealer, and will not provide services that would require a mortgage brokerage license, lending license, or broker-dealer license. The Tribe agrees to use commercially reasonable efforts to assist Developer in forming any
syndicate or loan group, including preparing disclosure materials, meeting with prospective underwriters, loan purchasers, lenders and/or placement agents and providing such information as Developer may reasonably request during the course of such
process. 
  
 5.4 Development Fees. As compensation for all of the
services to be performed hereunder by Developer, the Tribe agrees to pay to Developer and Developer agrees to accept payment for the performance of its services under this Agreement, a Developer’s fee (“Development Fee”) equal
to three percent (3%) of the total Project Costs exclusive of the Development Fee. The Development Fee shall be paid in arrears in monthly installments, on the 20th day of each month commencing the first month following the closing of the Financing based on the estimated Project Costs. Such monthly installments shall be in an amount equal to the estimated total
Project Costs times a fraction, the numerator of which is 1 and the denominator of which is the estimated number of months for construction of the Project. Upon completion of construction of the Project, the Development Fee shall be adjusted to
reflect actual Project Costs, and the Tribe shall pay any remaining Development Fee by the twentieth day of the month following the month in which completion occurs.  
  

	5.5	Security Interest for Interim Advances, Optional Advances and the Tribal Advance. 

  
 (a) The Tribe shall and hereby does grant to Developer a security interest in the Cash Flow From Operations to secure
payment of the Interim Advances, Optional Advances and the Tribal Advance, which security interest shall be subordinated to any security interest afforded lenders for the Financing in the Cash Flow From Operations to the extent and only to the
extent required by such lenders but which shall not be subordinated but rather become a first priority security interest in the event of any refinancing or repayment of the Financing by the Tribe. The Tribe shall execute such security agreements,
financing statements and other documents as Developer may from time to time request in order to provide for and perfect such security interest. The Parties acknowledge and agree that at the time the Financing is closed the Project lenders will
likely require the Tribe, the Tribe’s bank, and one or more of the Project lenders to enter into a deposit account control agreement affording such lenders a security interest in and joint or exclusive control over all Project deposit accounts.
The Parties shall cooperate to ensure that the Project lenders and Developer simultaneously enter into such collateral agency agreement or letter agreement as shall be reasonably acceptable to Developer which agreement shall provide Developer with a
security interest and control over such deposit accounts (subordinated to the security interests and other rights of Project lenders as otherwise provided for in, or contemplated by, this Agreement) as is reasonably acceptable to Developer. In the
event that the Project lenders do not require the Tribe to enter into a deposit control agreement with one or more of such lenders and the Tribe’s deposit bank, the Tribe shall enter into a deposit control agreement with the Developer and the
Tribe’s bank in such form as is reasonably acceptable to Developer at such time as the Financing is closed. 
  
 (b) Any Development Fees which are not paid when due shall accrue interest at the Advances Rate. The Tribe’s obligation to pay Development Fees shall
survive termination of this Agreement except as otherwise expressly provided in this Agreement. 
  

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	5.6	Cooperation. 

  
 (a) The Tribe and its Affiliates, and their respective officers, advisors, representatives, agents and counsel shall cooperate with Developer and
Consultants and provide information reasonably required by Developer in connection with Developer’s efforts to obtain the Financing. 
  
 (b) In connection with any Financing contemplated by this Agreement, the Tribe shall assist and cooperate with any lender or underwriter of the applicable
Financing by taking such action as may reasonably be required, including, without limitation, (i) the creation of a leasehold estate in the Property and the Facilities from the Tribe to an Affiliate of the Tribe (if required by a lender) and
execution and granting of a leasehold mortgage in the leasehold estate in the Property and Facilities, and a security interest in the cash flow of the Project and in any equipment, inventory, accounts, or tangible or intangible property with respect
thereto, (ii) the execution and implementation of a deposit account control agreement with any such lender, (iii) compliance with financial covenants that are typical and customary for the type and nature of such Financing, (iv) obtaining all
necessary consents and approvals from the Tribe, the tribal gaming commission or any of its Affiliates, as necessary, (v) the obtaining of any other governmental consents and approvals, (vi) the imposition of limitations on distributions and/or
pledging of any cash flows from the Project to secure repayment of such Financing, (vii) the adoption by the Tribe of such laws as are reasonably required to permit the creation, attachment, perfection and enforcement of any liens securing the
Financing, (viii) the granting of limited waivers of sovereign immunity by the Tribe with enforcement thereof limited to the revenues and assets of the Project, (ix) the granting of waivers by the Tribe of tribal court jurisdiction and applications
of the doctrines of exhaustion of tribal remedies or abstention in favor of tribal courts, and (x) the consent by the Tribe to binding arbitration and/or the jurisdiction of state and federal courts of competent jurisdiction for the resolution of
disputes relating to the Financing. 
  
 ARTICLE 6. TRIBAL TAXES;
COMPLIANCE WITH TRIBAL LAW; 
 AMENDMENTS TO TRIBAL GAMING ORDINANCE; 
 OTHER TRIBAL ORDINANCES 
  
 6.1 Tribal Taxes. The Tribe warrants and agrees that neither it nor any agent, agency, Affiliate or representative of the Tribe will impose any taxes, fees, assessments, or other charges of any nature whatsoever on payments of
any kind to Developer or to any lender furnishing Financing for the Project or for the operation of the Project, or on the revenues therefrom or on the Development Fee as described in Section 5.4, Interim Advances, Optional Advances or other amounts
due and payable to Developer hereunder; provided, however, the Tribe may assess against the Gaming operations fees reflecting direct, actual and reasonable regulatory costs incurred by the Tribe. The Tribe further warrants and agrees that neither it
nor any agent, agency, Affiliate or representative of the Tribe will impose any taxes, fees, assessments or other charges of any nature whatsoever on the salaries or benefits, or dividends or distributions, paid to any of Developer’s managers,
partners, members, stockholders, officers, directors, or employees or Affiliates, or any of the employees of the Project or any architects, contractors, subcontractors, Professionals or Consultants engaged pursuant to this Agreement. If any such
tax, fee, assessment or other charge not reflecting direct, actual and reasonable regulatory costs incurred by the Tribe is in fact levied, imposed, or collected, the Tribe shall reimburse Developer or the affected managers, partners, members,
stockholders, officers, directors, employees or Affiliates or any architects, contractors, subcontractors, Professionals or Consultants, as applicable, for the full value and dollar for dollar of such tax, fee, assessment or other charge. The Tribe
further warrants and agrees that neither it nor any agent, agency, Affiliate or representative of the Tribe will impose any sales or other taxes, fees, assessments or other charges of any nature whatsoever with regard to the Project, the Project
operations or the Property which substantially duplicate or exceed the rate of any sales or other taxes, fees, assessments or other charges of any nature whatsoever which are otherwise imposed by the State of Washington or any county or local
governmental authority. 
  
 6.2 Compliance with Tribal Law.
Developer shall comply in all material respects with all present and future statutes, regulations and ordinances of the Tribe, provided that, except as required by state or 
  

 20 

 federal law, and subject to the provisions of Section 6.5, below, the Tribe shall take no action and adopt no statute or
ordinance that would (a) increase Developer’s obligations hereunder; (b) result in a reduction in the amount of the Development Fee or other fees or reimbursement of other amounts payable to Developer hereunder absent any such statute,
regulation or ordinance; or (c) prejudice or adversely affect Developer’s rights under this Agreement or that would violate the Indian Civil Rights Act (25 U.S.C. §§ 1301-1302). 
  
 6.3 Amendments to Tribal Gaming Ordinance. The Tribe covenants that any
amendments made to any Tribal Ordinance applicable to the Project or Developer will be a legitimate effort to ensure that the Ordinance complies with applicable law and that Gaming and other operations are conducted in a manner that adequately
protects the environment, the public health and safety, and the integrity of the Project. Subject to the provisions of Section 6.5, below, in the event the Tribe shall adopt an amendment to one or more Tribal Ordinances that results in (a) an
increase of Developer’s obligations hereunder; (b) a reduction in the amount of the Development Fee or other fees or reimbursement of other amounts payable to Developer hereunder; or (c) a material adverse effect on Developer’s rights
under this Agreement or any other document executed by the Parties related hereto, the Tribe shall compensate the Developer for any actual costs or losses associated with (a), (b), or (c) above. The Tribe shall give Developer notice and a copy of
the full text of any proposed amendment to the Tribal Ordinance at least thirty (30) days before any such amendment is considered by the Tribe, but failure to give such notice shall not affect the validity or enforceability of such amendment.

  

	6.4	Tribe’s Assistance in Obtaining Permits and Authorizations. 

  
 (a) The Tribe agrees that it will use commercially reasonable efforts to assist and support Developer in obtaining any
necessary county or local application, registration, permit, authorization, filing, or approval required in connection with the Development of the Property, including, without limitation, in connection with sewer and utilities, traffic planning, an
environmental impact assessment or infrastructure improvements, subdivision of the Property, and ingress and egress to and from the Property (the “Non-Tribal Governmental Approvals”). 
  
 (b) Developer shall have the right to apply for and obtain, on behalf of the
Tribe, and in consultation with the Tribe, all Non-Tribal Governmental Approvals. 
  
 6.5 Tribal Ordinances Related to Permits and Authorizations. The Tribe shall not pass any Tribal Ordinance requiring any license or permit of Developer, the Architect, the Design Build Contractor, the General Contractor or any
Professional, or in connection with the Development or construction of the Project, except that the Tribe may pass reasonable health, building and safety ordinances that are no more onerous, and would not increase the expense of the Project to an
extent greater, than the comparable health and safety regulation or law that would be in effect if the Property was not land held in trust by the United States. This provision shall not serve to negate the need for the Developer, Architect, Design
Build Contractor, General Contractor, Professionals and others to comply with any Tribal Ordinances, rules, codes or regulations which are in existence as of the Effective Date and are attached hereto as Exhibit D; nor shall this provision serve to
abrogate the same. 
  
 ARTICLE 7. OPERATION OF GAMING BUSINESS

  
 7.1 Engagement of Manager. The Tribe shall enter into the
Management Agreement with the Manager and shall use its best efforts to obtain all requisite approvals to make the Management Agreement effective by the earliest possible date. 
  
 7.2 Cooperation in NIGC Approval Process. The Developer and the Tribe shall cooperate fully in providing such information as
may be appropriate or necessary for the NIGC to approve the Management Agreement by the earliest possible date. 
  

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 ARTICLE 8. DEFAULT, TERMINATION, DISPUTES, 
 AND INDEMNIFICATION 
  

	8.1	Termination.  

  
 (a) This Agreement shall terminate if the Property shall not have been Taken into Trust, on or before December 31, 2010, in which case the Interim
Advances shall not be reimbursable to the Developer by the Tribe. If such condition shall have been accomplished on or before December 31, 2010, then this Agreement shall terminate on the seventh (7th) anniversary of the date on which the Project is first Open to the Public (except that the seven (7) year period shall be tolled during any period during
which the Management Agreement is tolled pursuant to the provisions of Section 4.4.4 of the Management Agreement in which case the foregoing termination date shall be extended by such period as such seven (7) year period is tolled), or upon such
earlier date by action taken or authorized by the Tribe or by the Developer as follows: 
  
 (i) By mutual written consent of the Tribe and Developer; 
  
 (ii) By Developer for any material breach or the failure to perform any material duty or obligation by the Tribe under this Agreement, in each case, on the sixtieth (60th) day after the Tribe’s receipt of notice from Developer of the Tribe’s material breach and default and the Tribe’s failure to cure such default
during such sixty (60) day period; provided that, if the Tribe has commenced to cure such default within such sixty (60) day period and such default is not reasonably susceptible of cure within such sixty (60) day period, then the Tribe shall
have an additional period of time to cure such default so long as the Tribe is diligently and continuously pursuing such cure; 
  
 (iii) By the Tribe during the Pre-Financing Phase for any material breach or the failure to perform any material duty or obligation by Developer under
this Agreement; in each case on the sixtieth (60th) day after Developer’s receipt of notice from the Tribe of
Developer’s material breach and default and Developer’s failure to cure such default within such sixty (60) day period; provided that, if Developer has commenced to cure such default within such sixty (60) day period and such
default is not reasonably susceptible of cure within such sixty (60) day period, then Developer shall have an additional period of time to cure such default so long as Developer is diligently and continuously pursuing such cure; 
  
 (iv) By either the Tribe or Developer if any federal or state entity (but
not a Tribal entity) shall have issued an order, decree or ruling or taken any other action with respect to the Project (which order, decree, ruling or other action the Parties shall have used their commercially reasonable efforts to resist, resolve
or lift, as applicable) permanently restraining, enjoining or otherwise prohibiting the material components of the transactions contemplated by this Agreement or prohibiting conduct of all Gaming on the Property, and such order, decree, ruling or
other action shall have become final and non-appealable; 
  
 (v)
By Developer during the Pre-Financing Phase, upon written notice to the Tribe if the Developer (A) concludes in good faith that the Project is not commercially feasible or practicable from a Development or operational point of view, or (B) concludes
in good faith that the Project is not susceptible of producing adequate financial returns to Developer under this Agreement, to the Manager under the Management Agreement or to parties providing Financing, or (C) for any reason deems it advisable to
submit this Agreement to the BIA or the NIGC for assurances that this Agreement does not require the consent or approval of the BIA or the NIGC and Developer does not receive assurances satisfactory to Developer within a reasonable period of time
thereafter, or (D) the NIGC fails to approve the Management Agreement; 
  

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 (vi) By the Tribe during the Pre-Financing Phase, in the event: (A) Developer (1) becomes insolvent; (2)
applies for, consents to, or acquiesces in the appointment of a trustee, custodian or receiver for Developer or any of its property; (3) admits in writing that it is unable to pay its debts generally; (4) files a petition in any bankruptcy,
reorganization, debt arrangement or other proceeding under any bankruptcy or insolvency law, or any dissolution or liquidation proceeding; or (5) makes an assignment for the benefit of creditors; or (B) there is an order, decree or judgment
approving a petition filed against Developer seeking a reorganization, arrangement, composition or similar relief under federal bankruptcy law or other applicable law of the United States, or any state thereof, or there is an appointment, without
the consent of Developer, of a receiver, trustee or liquidator of all or a substantial part of the property of Developer, and same shall not be vacated, or shall not be stayed on appeal or otherwise, or shall not have otherwise ceased to continue in
effect, within ninety (90) days of such filing; and 
  
 (vii) By
the Tribe during the Pre-Financing Phase, in the event that the Developer elects not to make Optional Advances pursuant to Section 5.1(f), and the Tribe does not desire to further pursue, and the Tribe does not thereafter pursue, the Pre-Financing
Goals or the Development of the Property, provided that any subsequent pursuit of the Pre-Financing Goals or Development of a Competitive Facility during the original term of this Agreement shall constitute a default by the Tribe under this
Agreement. 
  

	 	(b)	The effect of such termination shall be as follows: 

  
 (i) In the event of termination of this Agreement pursuant to Section 8.1(a)(i), the only payments and obligations of the Parties will be those that are
agreed upon by the Parties. 
  
 (ii) In the event of termination
of this Agreement pursuant to Section 8.1(a)(iii), 8.1(a)(iv), 8.1(a)(v) or 8.1(a)(vi) and the termination is during the Pre-Financing Phase, there shall be no further liability or obligation on the part of the Tribe or Developer, provided that on
the effective date of termination Developer shall pay to the Tribe the Developer’s share of Pre-Financing Expenses that have not yet been paid, such share being calculated in accordance with Section 5.1(a). Such payment shall be made pursuant
to the provisions of Section 5.1(k) where the Tribe shall provide evidence of the expenses in accordance with Section 5.1(k) and Developer shall have the right to dispute the expenses in accordance with Section 5.1(k). 
  
 (iii) In the event of termination of this Agreement pursuant to Section
8.1(a)(iv) and the termination is after completion of the Pre-Financing Phase, there shall be no further liability or obligation on the part of the Tribe or Developer. 
  
 (iv) In the event this Agreement is terminated at any time by Developer pursuant to Section 8.1(a)(ii), Developer shall be
entitled to recover its actual damages and to avail itself of all remedies otherwise available to it under this Agreement and applicable law. 
  
 (v) Anything contained in this Agreement to the contrary notwithstanding, the Tribe shall have no obligation to pay any Interim Advances (or Development
Fee) if this Agreement is terminated during the Pre-Financing Phase, pursuant to Section 8.1(a)(iii), (iv), (v), or (vi). The Tribe shall also have no obligation to pay any Interim Advances (or Development Fees) if this Agreement is terminated
during the Pre-Financing Phase pursuant to Section 8.1(a)(vii), provided that if there is a subsequent default as provided for in such Section 8.1(a)(vii), then the Developer shall be entitled to recover its actual damages and to avail itself of all
remedies otherwise available to it under applicable law. 
  
 (vi)
If this Agreement is terminated pursuant to Section 8.1(a)(iv) because Gaming is prohibited at the Property and subsequently Gaming is again conducted by the Tribe on 
  

 23 

 the Property, then this Agreement shall resume as if tolled during the period when Gaming was not
conducted. Further, provisions in this Agreement which are expressly stated to survive the termination or expiration of this Agreement shall not be nullified or voided by reason of the provisions of this Section 8.1(b). 
  

	8.2	Limited Waiver of Sovereign Immunity; Disputes and Remedies; Dispute Resolution. 

  
 (a) Retention of Sovereign Immunity. By executing this Agreement, the Tribe does not waive, limit or modify its
sovereign immunity from unconsented suit or judicial litigation, except as provided in this Section 8.2. 
  
 (b) Limited Waiver of Sovereign Immunity. Subject to the provisions of this Section 8.2, the Tribe expressly and irrevocably waives its sovereign
immunity (and any defense based thereon) from suit by the Developer for the purpose of permitting or compelling arbitration as provided in this Section 8.2 and consents to the jurisdiction of and to be sued in the United States District Court for
the Western District of Washington, the United States Courts of Appeals, and the United States Supreme Court for the purpose of compelling arbitration or enforcing any arbitration award or judgment with respect to any dispute related to or arising
out of this Agreement or any other agreement or instrument related to or referenced by this Agreement, or the Tribal Gaming Ordinance, or any rules, actions or decisions of the Tribe or the Tribal Council. If the United States District Court for the
Western District of Washington lacks jurisdiction, the Tribe consents to be sued in the Washington State Court system or any other court of competent jurisdiction. The Tribe hereby waives any requirement of exhaustion of tribal remedies. Without in
any way limiting the generality of the foregoing, the Tribe expressly authorizes any governmental authorities who have the right and duty under applicable law to take any action authorized or ordered by any court, to take such action, including,
without limitation, repossessing any property and equipment giving effect to any judgment entered; provided, however, that in no instance shall any enforcement of any kind whatsoever be allowed against any assets of the Tribe other than the revenues
of the Project or of a Competitive Project of the Tribe or an Affiliate of the Tribe. The Tribe does not waive any aspect of its sovereign immunity with respect to actions by third parties other than by an Affiliate. 
  
 (c) Time Period. With respect to any claim authorized in this Section
8.2, initial suit, as authorized, shall be commenced within three (3) years after the later of the date that the claim accrues or is discovered upon the exercise of due diligence, or such claim shall be forever barred. The waiver granted herein
shall commence on the Effective Date and shall continue for three (3) years following the date of the termination of this Agreement, except that the waiver shall remain effective for any proceedings then pending, and all appeals therefrom.

  
 (d) Dispute Resolution. All disputes, controversies or
claims arising out of or relating to this Agreement or other obligation between the parties or any rules, actions or decisions of the Tribal Council or the Development Board, including, but not limited to, the failure to comply with any standard of
conduct required by this Agreement, shall be settled by binding arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association in effect on the date demand for arbitration is made, and the Federal Arbitration
Act. The parties agree that binding arbitration shall be the sole remedy as to all disputes arising out of this Agreement, except for disputes requiring injunctive or declaratory relief, provided that neither party shall submit a matter to binding
arbitration until they have met the requirements of Section 8.2(d)(i). 
  
 (i) Meet and Confer. Subject to the terms and provisions of this Agreement, any disagreement or dispute between the Parties as to the interpretation, enforcement or breach of this Agreement, or the Parties’ rights or obligations
thereunder, shall be resolved whenever possible by meeting and conferring. In addition, in the event that the Development Board or the Tribe and the Developer are unable to agree on a matter as to which a decision or business judgment is necessary
and this Agreement provides that the 
  

 24 

 agreement or consent of the Development Board is required for such decision or business judgment, the
Parties agree to resolve such decision or business judgment whenever possible by meeting and conferring. Either Party may request such a meeting by giving notice to the other. The notice provided for in this Section 8.2(d)(i) shall specify a time
and a location in Clark County (or other location that may be agreed upon by the Parties) for the requested meeting, provided, however, that the requested meeting shall not take place upon less than forty-eight (48) hours notice nor upon more than
seven (7) days notice. If, however, the Parties are unable in good faith to reach a decision that is satisfactory to both Parties, then either Party may require that the matter be submitted to a binding arbitration. 
  
 (ii) Choice of Law. In determining any matter the Arbitrator(s) shall
apply the terms of this Agreement, without adding to, modifying or changing the terms in any respect, and shall apply Washington law or federal law, where applicable (excluding Tribal law). 
  
 (iii) Place of Hearing. All arbitration hearings shall be held at a
place designated by the arbitrator(s) in Clark County, Washington or at such other place agreed to by the parties. 
  
 (iv) Confidentiality. The parties and the arbitrator(s) shall maintain strict confidentiality with respect to the arbitration. 
  
 (v) No Arbitration of Governmental Action. Nothing contained in this
Agreement is intended to subject to arbitration the prerogative of the Tribe or any of its instrumentalities or agencies to take any governmental action, except any governmental action which is in violation of the terms of this Agreement.

  
 (e) Limitation of Actions. The Tribe’s waiver of
sovereign immunity from suit is specifically limited to permitting, and does permit the following actions and judicial remedies: 
  
 (i) Damages. The enforcement of an award of money and/or damages; provided that the arbitrator(s) and/or the court shall have no authority or
jurisdiction to order execution against any assets or revenues of the Tribe except revenues of the Project or any Competitive Facility of the Tribe or an Affiliate of the Tribe. In no instance shall any enforcement of any kind whatsoever be allowed
against any assets of the Tribe other than the limited assets specified in this Section 8.2(e)(i). 
  
 (ii) Consents, Approvals and Representations. The enforcement of a determination by an arbitrator that the Tribe’s consent or approval has
been unreasonably withheld contrary to the terms of this Agreement or that the Tribe has breached any representation, warranty or covenant of this Agreement. 
  

(iii) Injunctive Relief and Specific Performance. The enforcement of a determination by an arbitrator that prohibits the Tribe from taking any
action that would prevent the Developer from performing its obligations pursuant to the terms of this Agreement, or that requires the Tribe to specifically perform any obligation under this Agreement (other than an obligation to pay money except as
provided for in Section 8.2(e)(i)). 
  
 (iv) Action to Compel
Arbitration. An action to compel arbitration pursuant to this Section 8.2. 
  
 (f) Notice and Right to Cure. The parties agree that, without limiting any right to acceleration or demand for payment set forth in this Agreement, before the dispute resolution mechanisms described in
this Section 8.2 may be utilized, the party claiming breach or damage shall give written notice of the alleged breach or damage to the other party, and both shall make a serious effort to meet, cure any breach, and otherwise make a good faith effort
to resolve any differences. 
  

 25 

 (g) Cooperation by Development Board. The Tribe and Developer hereby agree to ensure that their
respective representatives to the Development Board shall cooperate reasonably and fully and shall try to reach agreement or compromise on all matters before the Development Board. In the event that the Development Board is unable to reach agreement
or compromise on any matter that reasonably may be expected to have a material adverse effect on the Project, that matter shall be submitted to binding arbitration. 
  
 (h) Performance During Disputes. It is mutually agreed that during any kind of controversy, claim, disagreement or
dispute, including a dispute as to the validity of this Agreement, Developer shall continue to possess the rights, duties, and obligations set forth in this Agreement, and the Tribe and Developer shall continue their performance of the provisions of
this Agreement and its exhibits. Developer and the Tribe shall each be entitled to injunctive relief from a civil court or other competent authority to maintain such rights, duties, and obligations in the event of a threatened eviction during any
dispute, controversy, claim or disagreement arising out of this Agreement. 
  
 (i) Tribal Court. The Tribe represents that it has no Tribal court or judicial system. The Tribe agrees that, should it establish any Tribal court or judicial system, (i) no party to this Agreement shall be
required to commence or pursue any proceeding with respect to any dispute arising under this Agreement in any Tribal court of the Tribe, (ii) such Tribal court shall lack the discretion to refuse to compel arbitration among the parties to any such
dispute, and (iii) such Tribal court shall be obligated to honor and enforce any award by any arbitrator, without review of any nature by such Tribal court. 
  
 8.3 Defense. In the event there is a suit brought by or against the Tribe in connection with or arising in connection with the construction and Development
of the Project by a party other than Developer, Developer shall cooperate with the Tribe in providing appropriate or needed information, depositions, testimony at trial and/or declarations. All such suits shall be directed and controlled by the
Tribe unless Developer is requested as set forth below to act on behalf of the Tribe. At the request of the Tribe, Developer shall bring and/or defend and/or settle any claim or legal action by or against the Tribe in connection with or arising in
connection with the construction and Development of the Project; provided, however, that all costs associated with the bringing of a lawsuit on behalf of the Tribe, or with a defense of the Tribe, shall be borne by the Tribe and any
such costs paid by Developer shall be reimbursed in accordance with Section 5.1 unless Developer is obligated to indemnify the Tribe in respect of such claim or legal action pursuant to Section 8.4. Developer shall not be required to incur any
reimbursable costs unless and until it is reasonably satisfied that such costs have been funded by the Tribe. Developer will be indemnified for the costs it incurs in its own defense of any legal action brought against Developer in connection with
or arising in connection with the construction and Development of the Project if and to the extent required by the provisions of Section 8.4. Developer shall, when requested by the Tribe to defend the Tribe, at the Tribe’s expense, retain and
supervise legal counsel, accountants and such other professionals, consultants and specialists as Developer deems appropriate to defend and/or settle any such claim or cause of action. The Tribe shall supervise any legal action or lawsuit that poses
a substantial risk to the Development of the Project with notice to, and appropriate consultation with, the Developer. Except as otherwise expressly stated herein, nothing contained herein is a grant to Developer of the right to waive the sovereign
immunity of the Tribe. 
  

	8.4	Indemnity. 

  
 (a) The Tribe shall indemnify Developer and any member, employee or officer of the Developer, and any Affiliate of Developer, and their respective
members, officers, directors, agents, affiliates and employees against and hold them harmless from any claims, liability, damages, costs and expenses (including reasonable attorneys’ fees and expenses) sustained or incurred by them, or any of
them, arising directly or indirectly, in whole or in part, prior or subsequent to the Effective Date, with respect to any liability arising from Developer’s relationship with the Property and/or the Project pursuant to this Agreement or any
action or omission by Developer within the scope of its duties or authority hereunder, unless such claim, liability, damage, cost or expense was caused by the gross negligence, willful misconduct, or fraud of Developer or such Affiliate or any of
their shareholders, members, officers, directors, agents, affiliates or employees. 
  

 26 

 (b) Developer shall indemnify the Tribe and its respective members, officers, agents, Affiliates and
employees against and hold them harmless from any claims, liability, damages, costs and expenses (including reasonable attorneys’ fees and expenses) sustained or incurred by them or any of them, to the extent arising directly or indirectly, in
whole or in part, out of the gross negligence, willful misconduct or fraud of Developer or any of its shareholders, members, officers, directors, agents, affiliates or employees, in connection with this Agreement or Developer’s work or services
hereunder. 
  
 8.5 Limitation of Liability. The officers, office
holders, employees, agents, representatives or members of the Tribe, as such, shall not have any personal liability for obligations of the Tribe under this Agreement or for any claim based on, in respect of, or by reason of, such obligations or
their creation. No member, nor any officer, office holder, employee, agent, representative, manager or member of Developer shall have any personal liability for the obligations of Developer under this Agreement or for any claim based on, in respect
of, or by reason of, such obligations or their creation. The liability of the Tribe under the Agreement including, without limitation, this Section shall be subject to the limitations otherwise provided for in this Agreement including, without
limitation, Sections 8.2. 
  
 8.6 Tribe’s Rights upon
Developer’s Default or Breach. Unless there shall have been a termination of this Agreement as set forth in Section 8.1, neither the providing for a specific remedy or method of calculating damages for the Developer, without a corresponding
right or remedy for the Tribe, nor any other provision of this Agreement, shall be deemed to abrogate any right that the Tribe may have to pursue any claim, either at law or in equity, that the Tribe may have against the Developer for breach of this
Agreement or the failure of the Developer to perform any duty or obligation owed the Tribe with respect to the Project; provided that the Tribe first complies with the requirements of Section 8.2. The Tribe agree that any suit, at law or in equity,
that they may bring against Developer in connection with this Agreement shall be brought in the United States District Court for the Western District of Washington or the Washington State Superior Court, and in the federal or state courts having
appellate jurisdiction thereover, and the Tribe shall not bring such suit in a Tribal court or forum. Developer hereby consents to jurisdiction by such (federal and state) courts and hereby waives, and agrees not to assert, as a defense in any such
suit that it is not subject thereto or that such suit may not be brought or is not maintainable in said courts or that the venue thereof may not be appropriate. 
  
 ARTICLE 9. MISCELLANEOUS PROVISIONS 
  
 9.1 Government Savings Clause. Each of the Parties agrees to execute, deliver and, if necessary, record any and all additional
instruments, certifications, amendments, modifications and other documents as may be required by the BIA, the Regional Office of the Office of the Solicitor, the NIGC, the Washington State Gambling Commission or any other applicable statute, rule or
regulation in order to effectuate, complete, perfect, continue or preserve the respective rights, obligations, liens and interests of the Parties hereto to the fullest extent permitted by law or otherwise intended by this Agreement; provided, that
any such additional instrument, certification, amendment, modification or other document shall not materially change the respective rights, remedies or obligations of the Tribe or Developer under this Agreement or any other agreement or document
related hereto. In the event that any consent or approval is necessary to preserve the rights of any of the Parties herein and such consent or approval is not obtained or is not obtainable, the Parties agree to reform this Agreement to the extent
necessary to preserve the economic benefits of this Agreement and to preserve the rights of all the Parties hereunder without such consent or approval. 
  
 9.2 Third-Party Beneficiary. This Agreement is exclusively for the benefit of the Parties hereto and it may not be enforced by any party other than the
Parties to this Agreement and, solely for the purposes of Section 8.5, the Parties named therein, and shall not give rise to liability to any third party other than as provided in Section 8.5 and the authorized successors and assigns of the Parties
hereto. 
  

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 9.3 Authorization. The Tribe, on the one hand, and Developer, on the other hand, represent and warrant to
each other that each has full power and authority to execute this Agreement and to be bound by and perform the terms hereof. Each Party shall furnish such evidence of such authority to the other on the Effective Date as the other Party may
reasonably request including, without limitation, certified enabling resolutions. 
  
 9.4 Relationship. Developer, on the one hand, and the Tribe, on the other hand, shall not be construed as joint venturers or partners of each other by reason of this Agreement and neither shall have the power to bind or
obligate the other except as set forth in this Agreement. 
  
 9.5
Notices. Any notice required or permitted to be given under this Agreement shall be in writing and shall be deemed to have been duly given to the applicable Party (a) on the date of hand delivery with signed receipt, or (b) on the
business day immediately following transmittal to Federal Express (or other nationally recognized overnight commercial courier) for overnight delivery; in any case addressed to the address of the applicable Party set forth below, or such other
address as such Party may hereafter specify by notice to the other in accordance with the notice procedures described in this paragraph. The Parties also designate the following persons as agents for receipt of service of process: 
  

			
	 If to the Tribe:
	  	The Cowlitz Indian Tribe
	 	  	1055 9th Avenue
	 	  	PO Box 2547
	 	  	Longview, WA 98632
	 	  	Attention: Tribal Chairperson
		
	 If to Developer:
	  	Salishan-Mohegan, LLC
	 	  	4400 Two Union Square
	 	  	601 Union Street
	 	  	Seattle, WA 08101
		
	 with a copy to:
	  	Mohegan Ventures-Northwest, LLC
	 	  	5 Crow Hill Road
	 	  	Uncasville, CT 06382
	 	  	Attention: Chairman and Chief Financial Officer

  
 9.6 No Waiver. No
consent or waiver, express or implied, by either Party to any breach or default by the other Party in the performance of any of the obligations or conditions of this Agreement or any related agreement shall be construed to be a consent to or waiver
of any other breach or default by such Party. Failure on the part of a Party to complain of any act or failure to act by the other Party, or failure to declare the other Party in default, irrespective of how long such failure continues, shall not
constitute a waiver of the rights of such Party. 
  
 9.7 Governing
Law. This Agreement shall be interpreted and construed in accordance with the internal laws of the State of Washington without giving effect to the conflict of laws principles thereof. 
  
 9.8 Successors and Assigns. The benefits and obligations of this Agreement
shall inure to and be binding upon the Parties hereto and their respective permitted successors and assigns. All proposed assignees shall agree to be bound by the terms and conditions of this Agreement. No Party may assign this Agreement or its
rights and obligations hereunder without the prior written consent of the other Party, such consent not to be unreasonably withheld. No assignment authorized hereunder shall be effective until all applicable Legal Requirements are met. 

 
 9.9 Article and Section Headings; Interpretation of Agreement. Article and
section headings contained in this Agreement are for ease of reference only and shall not affect the interpretational meaning of this Agreement. The canon of interpretation of agreements with Indians or Tribes that provides that ambiguities in the
agreement are to be interpreted in favor of the Indians or Tribes shall not apply to this Agreement. The Parties agree that the terms and conditions of this Agreement are the result 
  

 28 

 of negotiations between the Parties and that this Agreement shall not be construed in favor of or against any Party by
reason of the extent to which any Party or its professional advisors participated in the preparation of this Agreement. 
  
 9.10 Parties in Interest. This Agreement shall inure to the benefit of and be binding upon the Parties, their respective successors, heirs, permitted
assigns and legal representatives. 
  
 9.11 Severability. If any of
the terms and provisions hereof shall be held invalid or unenforceable, such invalidity or unenforceability shall not affect any of the other terms or provisions hereof. 
  
 9.12 Exhibits. All exhibits described in this Agreement shall be deemed to be incorporated herein by reference and made a part
of this Agreement. 
  
 9.13 Entire Agreement. This Agreement,
together with the exhibits thereto, constitute the entire agreement among Developer and the Tribe with respect to the Development, construction and Financing of the Project and supersedes all written or oral agreements, understandings,
representations, negotiations and correspondence between the Parties. This Agreement shall not be supplemented, amended or modified by any course of dealing, course of performance or uses or trade and may only be amended or modified by a written
instrument duly executed by officers of the Parties hereto. 
  
 9.14
Counterparts. This Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original, and all such counterparts shall constitute one and the same instrument. 
  

	9.15	Reasonableness; Duty of Good Faith. 

  
 (a) Whenever the consent or approval of any Party under this Agreement is required, such consent or approval shall not be unreasonably
withheld, conditioned or delayed, unless specifically provided otherwise. Further, whenever any provision of this agreement requires the exercise of “reasonable” consent, judgment, efforts, or “commercially reasonable” efforts
the standard for such reasonableness shall be conduct consistent with the actions of a prudent commercial business person or prudent commercial owner of a Gaming facility substantially similar to those existing or as contemplated at the Property.

  
 (b) The Parties agree that the fundamental
purpose of this Agreement is for the Developer to develop the Project on the Property in accordance with the Approved Concept Program so that the Tribe will have an operating Project. The Parties each agree to deal with the other Party in all
matters under this Agreement in good faith with the goal of this fundamental purpose. Each Party agrees to cooperate with the other Party, not to frustrate or interfere with the other Party’s efforts to achieve this fundamental purpose, to
provide such assistance as the other Party may from time to time reasonably request and to use all commercially reasonable efforts towards achieving this fundamental purpose. 
  
 9.16 Enforceability Opinion. On the Effective Date, the Tribe shall deliver to Developer the legal opinion of the Tribe’s
counsel in the form attached hereto as Exhibit G together with copies of such resolutions of the governing body of the Tribe, closing certificates and other supporting documentation as the Developer may then reasonably request. 
  
 9.17 Other Relationships, Disclosure of Certain Transactions, Future Projects.
The Developer and its Affiliates shall not be restricted in their ability to enter into business relationships with the Tribe’s Tribal Council members, Tribal members, employees, officers, directors, or others with relationships with the Tribe.
The Developer and its Affiliates have other businesses and business investments. Nothing herein shall be deemed to prevent the Developer, its members, its principals or any Affiliate from having any business relationship or investment in other
Gaming, hospitality or retail businesses without the Tribe or to enter into other investments with or without the Tribe’s participation; provided that Developer shall not 
  

 29 

 develop any Competitive Facility without the written consent of the Tribe. Notwithstanding the foregoing, the Developer
agrees that neither it nor any of its members or Affiliates will enter into any business relationship or investment with an officer or executive of the Tribe, or any Tribal member, employee or Affiliate, unless it first fully discloses, in writing
to the Tribe, the details of such investment or business relationship and the Tribe provides its prior written consent to the investment or business relationship. By its execution of this Agreement, the Tribe acknowledges that the Developer has
fully disclosed the membership interests in Developer, and the Tribe hereby consents to the membership of Developer. 
  
 9.18 Statute of Limitations. The Tribe agrees that with respect to any claim or action that it may have against Developer under this Agreement, such claim
or action shall be commenced within the later of three (3) years after the claim or action accrues or is discovered upon the exercise of due diligence, or such claim is waived and released by the Tribe and shall be forever barred. 
  
 9.19 Tribe Representative. The Tribe shall designate a representative who shall
be authorized to transmit all of the Tribe’s directions, consents, approvals, waivers or other acknowledgements under this Agreement on the part of the Tribe and Developer shall be entitled to rely on, and the Tribe agrees to be bound by, any
direction, consent, approval, waiver or other acknowledgement given by such representative, unless prior to the time such direction, consent, approval, waiver or other acknowledgement is given, the Tribe gives written notice to Developer that such
representative has been changed. The Developer shall not be required to rely on and may refuse to accept directions, consents, approvals, waivers or other acknowledgements from any other individual, even if such individual has apparent or actual
authority for the Tribe. The Tribe, and only the Tribe, shall be entitled to change the Tribe’s representative at any time upon five (5) days written notice to Developer, provided that the Tribe must appoint a replacement representative upon
such removal of the prior representative or promptly in the event of death or disability of such representative. Developer may ask for, and receive, reasonable evidence of such change or appointment and shall be entitled to rely on such evidence
provided to it. The Tribe hereby appoints Carolyn Medeiros as its initial representative under this Agreement. Until the Developer is otherwise notified by the Tribe that Carolyn Medeiros no longer holds the foregoing position, Developer shall be
entitled to rely upon the continued authority of Carolyn Medeiros to serve as the Tribe’s representative under this Agreement. 
  
 9.20 Confidentiality. Except as required by applicable law or regulatory authorities, any information, plans and specifications or concepts related to the
Development of the Project provided by Developer, or provided by the Tribe, or their respective agents and Affiliates pursuant to this Agreement (“Confidential Information”) may not be disclosed publicly or to Persons not a Party to
this Agreement in any manner by the receiving Party without the transmitting Party’s prior written approval and will be treated as confidential, provided that information disclosed without the receiving Party’s authority by its
shareholders or members shall not be attributable to such Party unless such Party failed to take reasonable steps to make such shareholders or members aware of the confidentiality of the Confidential Information and to admonish such persons against
such disclosure. The fact that Developer is assisting the Tribe with a Gaming project in Clark County shall not be deemed Confidential Information. Except as required by applicable law and as set forth below in this Section 9.20, the contents of
this Agreement will be treated by the Tribe and the Developer as Confidential Information. The Tribe, the Developer, the Developer’s members, or such members’ Affiliates, as the case may be, may disclose any Confidential Information:

  
 (a) in order to comply with the rules of any
relevant stock exchange or the requirement of any lender providing Financing for the Project; 
  
 (b) in order to comply with any order or decree of a court or other governmental authority having jurisdiction over the Party making the
disclosure, or in connection with a dispute between the Parties over this Agreement, provided the receiving Party shall give the disclosing Party as much advance notice of such disclosure as possible to permit the disclosing Party to use legal
process to protect the confidentiality of the Confidential Information; 
  

 30 

 (c) on a “need to know” basis to Persons within or outside such Party, such as
its attorneys, accountants and financial advisors; potential Financing sources; candidates for the Architect, General Contractor and other Professionals hereunder; and other Consultants; provided (i) such recipients are made aware of and agree to be
bound by the provisions of this Section, and (ii) financial information relating to the Tribe and revenues projections for the Project shall not in any event be disclosed under this Section 9.21(c) unless the Tribe shall have given prior written
approval of same; 
  
 (d) after such
information has become publicly available without breach of this Agreement; 
  
 (e) if the information disclosed is a description of Developer’s services to the Tribe, in advertisements in financial and other
newspapers and journals, which advertisements shall have been approved by the Tribe in advance; or 
  
 (f) if the information is disclosed to the Tribe’s members or to the members of the Mohegan Tribe provided the Tribe or the Mohegan
Tribe, as applicable, takes reasonable steps to make such members aware of the confidentiality of the Confidential Information and to admonish such Persons against such disclosure. 
  
 9.21 Affiliate Contracts. No contracts for the supply of goods or services to the Project shall be entered into with the
Developer, its Affiliates or its members, managers, officers or directors except as the Development Board may from time to time otherwise agree in writing. 
  
 9.22 Force Majeure. Developer and the Tribe shall be excused for delays to the extent the same result from a Force Majeure Event. For purposes of
this Section, “Force Majeure Event” means an event that causes a delay in performance hereunder or affects any other term of this Agreement, due to (a) acts of God, (b) fire, (c) storms, hurricanes, tornadoes or other severe weather, (d)
riot, (e) acts of the public enemy, (f) accident in shipping or transportation, (g) strikes, lockouts or other labor disputes, (h) failure by governmental authorities without justifiable cause to process permit applications or requests, upon due
application therefor, within the time-frame pursuant to which such governmental authorities customarily process such applications or requests, but excluding delay to the extent caused by the Party claiming to be affected thereby in requesting such
permit, (i) the adoption or enactment of any law, statute, ordinance or regulation not in effect as of the Effective Date or adoption of any interpretation of any law, statute, ordinance or regulation not in effect as of the Effective Date
(including by way of judicial decision) or any change in any law, statute, ordinance or regulation after the Effective Date or any change in interpretation of any law, statute, ordinance or regulation after the Effective Date (including by way of
judicial decision) or (j) any other event that is beyond the reasonable control of the Party affected thereby. Developer and the Tribe shall in good faith extend any construction schedule, Opening Date or any other applicable deadline for a
reasonable period of time to take into account delay caused by any Force Majeure Event. Notwithstanding the foregoing, the expiration date for the Property to be taken into Trust set forth in Section 8.1(a) shall not be extended due to any Force
Majeure Event described in clause (h) or (i) of this Section 9.22. 
  
 9.23
Survival. The provisions of Article 8, Sections 5.5(b), 9.5, 9.6, 9.20 and this Section of this Agreement shall survive the termination of this Agreement. 
  
 IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on the day and year first above written.

  

			
	COWLITZ INDIAN TRIBE
		
	 By:
	 	 /s/ William B. Iyall

	 Name:
	 	William B. Iyall
	 Title:
	 	Tribal Council Chair
	
	SALISHAN-MOHEGAN, LLC
		
	 By:
	 	 /s/ Mark F. Brown

	 Name:
	 	Mark F. Brown
	 Title:
	 	Manager

  

 31

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