Document:

EX-10.3

 EXHIBIT 10.3 

PINNACLE ENTERTAINMENT, INC. 

DIRECTORS DEFERRED COMPENSATION PLAN 

THIS PINNACLE ENTERTAINMENT, INC. DIRECTORS DEFERRED COMPENSATION PLAN (the “Plan”) is adopted as of the Effective Time (as defined
below) by Pinnacle Entertainment, Inc., a Delaware corporation (the “Corporation” and, prior to the Effective Time, known as PNK Entertainment, Inc.), as follows: 

RECITALS 
 WHEREAS,
on July 20, 2015, Pinnacle Entertainment, Inc. (“PropCo”) entered into an Agreement and Plan of Merger with Gaming and Leisure Properties, Inc. (“GLPI”), and certain other parties, pursuant to which PropCo will become a
subsidiary of GLPI (the “Merger”), and, immediately prior to the consummation of the Merger, PropCo will separate its operations business and certain of its real property into the Corporation, a new public company (the
“Distribution,” and the effective time of the Distribution, the “Effective Time”), which shall continue to conduct the operations previously conducted by PropCo; 

WHEREAS, on April 28, 2016, PropCo and the Corporation entered into an Employee Matters Agreement (the “EMA”) pursuant
to which, and contingent on the consummation of the Distribution, those assets and liabilities under the Amended and Restated Pinnacle Entertainment, Inc. Director Deferred Compensation Plan, as amended (the “Prior Plan”), that are not
retained by PropCo pursuant to the EMA shall be assumed by the Corporation (the “Assumed Rights”); and  
 WHEREAS,
effective as of the consummation of the transactions contemplated by the Agreement and Plan of Merger, PropCo terminated the Prior Plan. 

NOW, THEREFORE, effective as of the Effective Time, Pinnacle hereby establishes the Plan as follows:  

1. Eligibility. Each member of the Board of Directors of the Corporation (the “Board”) is eligible to participate in the
Plan, including, each director of PropCo who was eligible to participate in the Prior Plan as of the Effective Time. 
 2.
Participation. 
 (a) Time of Election. Before the beginning of a calendar year, each eligible Director may
elect to participate in the Plan by directing that all or any part of the compensation (including fees payable for services as chairman or a member of a committee of the Board) which otherwise would have been earned currently for services rendered
as a Director (“Compensation”) during such calendar year shall be credited to a deferred compensation account (the “Director’s Account”); provided, however, that the Director may elect to defer only Compensation earned from
and after the first day of the calendar year or after a specified date that is later than the first day of the calendar year. Any person who shall become a Director during any calendar year, and who was not a Director of the Corporation before the
beginning of such calendar year, may elect, within 

 
30 days after the Director’s term begins, to defer payment of all or any part of the Director’s Compensation earned during the remainder of such calendar year from and after the date of
such election, or, if the election so provides, earned after a specified date that is later than the date of the election. As of the Effective Time, each such election under Prior Plan shall be deemed to be made under this Plan. 

(b) Form and Duration of Election. An election to participate in the Plan shall be made by written notice signed by the
Director and filed with the Secretary of the Corporation only at the times specified in Section 2(a). Such election shall specify the amount of the Director’s Compensation to be deferred and specify an allocation of the deferred
Compensation between cash and “Shares” as herein provided. For purposes of this Plan, “Shares” shall mean shares of the common stock of the Corporation. Any such election shall be irrevocable once made with respect to the
calendar year for which it is made; amounts credited to the Director’s Account with respect to such calendar year shall be credited and distributed in accordance with such election and with the terms of the Plan notwithstanding any later
change, termination or renewal of an election with respect to later calendar years. An election made with respect to a calendar year shall continue in effect for later calendar years unless and until the Director changes or terminates the election
by signed written notice filed with the Secretary of the Corporation. Any such change or termination shall become effective with respect to Compensation earned from and after the first day of the calendar year following the calendar year in which
such notice is given, or, at the election of the Director as set forth in such notice, effective only with respect to Compensation earned after a specified date that is later than the first day of the calendar year following the calendar year in
which such notice is given. 
 (c) Renewal. A Director who has terminated his election to participate may thereafter
file another election to participate for the calendar year subsequent to the filing of such election in accordance with the requirements of Section 2(a) hereof. 

3. The Director’s Account. All compensation which a Director has elected to defer under the Plan shall be credited, at the
Director’s election, to the Director’s Account as follows: 
 (a) As of the date the Director’s Compensation
would otherwise be payable, the Director’s Account will be credited with an amount of cash equal to the amount of such Compensation which the Director elected to defer and to be allocated to cash. 

(b) As of the date the Director’s Compensation would otherwise be payable, there shall be credited to the Director’s
Account the number of full and fractional Shares obtained by dividing the amount of such Compensation which the Director elected to defer and to be allocated to Shares by the average of the closing price of a Share on the principal stock exchange on
which such Shares are then listed, or, if they are not then listed on a stock exchange, the average of the closing price of a Share on the NASDAQ National Market System, on the last ten business days of the calendar quarter or month, as the case may
be, for which such Compensation is payable. 
 (c) At the end of each calendar quarter there shall be credited to the
Director’s Account the number of full and/or fractional Shares obtained by dividing the dividends 

 
which would have been paid on the Shares credited to the Director’s Account as of the dividend record date, if any, occurring during such calendar quarter if such Shares had been issued and
outstanding Shares on such date, by the closing price of a Share on the principal stock exchange on which such Shares are then listed, or, if Shares are not then listed on a stock exchange, the closing price of a Share on the NASDAQ National Market
System, on the date such dividend(s) is paid. In the case of stock dividends, there shall be credited to the Director’s Account the number of full and/or fractional shares of Shares which would have been issued with respect to the Shares
credited to the Director’s Account as of the dividend record date if such Shares had been shares of issued and outstanding Shares on such date. 

(d) No fractional share interests credited to a Director’s Account shall be distributed pursuant to Section 4 hereof.
Instead, any fractional Shares remaining at the time the final distribution is made pursuant to Section 4 herein shall be converted into a cash credit by multiplying the number of fractional shares by the average of the closing price of a Share
on the principal stock exchange on which Shares are then listed, or, if they are not then listed on any stock exchange, the average of the closing price of a Share on the NASDAQ National Market System, on the last ten business days prior to the date
of the final distribution from the Director’s Account. 
 (e) Cash amounts credited to the Director’s Account
pursuant to subparagraphs (a) and (f) shall accrue interest commencing from the date the cash amounts are credited to the Director’s Account at a rate per annum to be determined from time to time by the Board. Amounts credited to the
Director’s Account shall continue to accrue interest until distributed in accordance with the Plan. 
 (f) As of the
Effective Time, each Director’s Account shall be credited with the amount of cash and a number of full and fractional Shares covered by the Assumed Rights with respect to such Director. 

The Director shall not have any interest in the cash or Shares credited to the Director’s Account until distributed in accordance with
the Plan. 
 4. Distribution from Accounts. 

(a) Form of Election. At the time a Director makes a participation election pursuant to Sections 2(a) or 2(c), the
Director shall also file with the Secretary of the Corporation a signed written election with respect to the method of distribution of the aggregate amount of cash and Shares credited to the Director’s Account pursuant to such participation
election. As of the Effective Time, each such election under Prior Plan shall be deemed to be made under this Plan. A Director may elect to receive such amount in one lump-sum payment or in a number of approximately equal annual installments
(provided the payout period does not exceed 15 years). The lump-sum payment or the first installment shall be paid as of the first business day of the calendar quarter immediately following the cessation of the Director’s service as a Director
of the Corporation. Subsequent installments shall be paid as of the first business day of each succeeding calendar quarter until the entire amount credited to the Director’s Account shall have been paid. A cash payment will be made with the
final distribution for any fraction of a Share in accordance with Section 3(d) hereof. 

 (b) Adjustment of Method of Distribution. A Director participating in the
Plan may, prior to the beginning of any calendar year, file another written notice with the Secretary of the Corporation electing to change the method of distribution of the aggregate amount of cash and Shares credited to the Director’s Account
for services rendered as a Director commencing with such calendar year. Amounts credited to the Director’s Account prior to the effective date of such change shall not be affected by such change and shall be distributed only in accordance with
the election in effect at the time such amounts were credited to the Director’s Account. 
 5. Distribution on Death. If a
Director should die before all amounts credited to the Director’s Account shall have been paid in accordance with the election referred to in Section 4, the balance in such Account as of the date of the Director’s death shall be paid
promptly following the Director’s death to the beneficiary designated in writing by the Director. Such balance shall be paid to the estate of the Director if (a) no such designation has been made, or (b) the designated beneficiary
shall have predeceased the Director and no further designation has been made. 
 6. Withdrawal in the Event of a Financial Emergency.
A Director who believes he has experienced a “Financial Emergency” (as defined below) may request in writing a withdrawal of a portion of his Director’s Account to satisfy the emergency. The Board (without the participation of such
Director) shall determine, in its sole discretion, (i) whether a Financial Emergency has occurred, and (ii) the amount reasonably required to satisfy the Financial Emergency; provided, however, that the withdrawal shall not exceed the
balance in the Director’s Director Account, or the amount the Board (without the participation of such Director) reasonably determines, under Treasury Regulations Section 1.401A-3(j)(3)(ii), to be necessary to meet such emergency needs
(including taxes reasonably anticipated to be incurred by reason of a taxable distribution), after taking into account the extent to which such hardship is or may be relieved through reimbursement or compensation by insurance or otherwise or by
liquidation of the Director’s assets (unless the liquidation of such assets would itself cause severe financial hardship). If, subject to the sole discretion of the Board (without the participation of such Director), the petition for a
withdrawal is approved, the distribution shall be made within 30 days of the date of approval by the Board (without the participation of such Director). For purposes of this Plan, “Financial Emergency” shall mean a severe financial
hardship to the Director resulting from an illness or accident of the Director, the Director’s spouse, or a dependent (as defined in Section 152 of the Internal Revenue Code of 1986, as amended (the “Code”), without regard to
Sections 152(b)(1), 152(b)(2) and 152(d)(1)(B)) of the Director, loss of the Director’s property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Director.

 7. Directors Who Are Specified Employees. Notwithstanding any other provision of this Plan, if any stock of the Corporation or any
affiliate is publicly traded on an established securities market or otherwise, and payment of benefits under this Plan to a Director who is a “Specified Employee” (as defined below) would be deemed to be on account of his separation from
service under Section 409A of the Code, no payments shall be made to such Specified 

 
Employee within six months after such Specified Employee’s separation from service (or, if earlier, the date of his death). Any amounts subject to delayed payment under the preceding
sentence shall be paid on the first business day after the expiration of such six-month period, together with any earnings accrued in the Director’s Account on such amounts during such six-month period. This Section 7 is intended to comply
with the requirements of Section 409A of the Code and shall be interpreted accordingly. For purposes of this Plan, the term “Specified Employee” shall mean a Specified Employee of the Corporation or any affiliate, as defined in
Treasury Regulations Section 1.409A-1(i). 
 8. Effective Date. This Plan shall become effective at the Effective Time. 

9. Shares Issuable. The maximum number of Shares which may be issued pursuant to this Plan is 1,000,000 plus the number of full and
fractional Shares covered by the Assumed Rights. 
 10. Miscellaneous. 

(a) The right of a Director to receive any amount in the Director’s Account shall not be transferable or assignable by the
Director, except by a beneficiary designation under Section 5, by will or by the laws of descent and distribution, or pursuant to a qualified domestic relations order as defined by the Code, or Title I of the Employee Retirement Income Security
Act, as amended, or the rules thereunder, and no part of such amount shall be subject to attachment or other legal process. 

(b) The Corporation shall not be required to reserve or otherwise set aside funds or Shares for the payment of its obligations
hereunder. The Corporation shall make available as and when required a sufficient number of Shares to meet the needs of the Plan, either by the issuance of new shares of the common stock of the Corporation, or the purchase of Shares on the open
market or through private purchases, as the Corporation may determine. 
 (c) The establishment and maintenance of, or
allocation and credits, to the Director’s Account shall not vest in the Director or his beneficiary any right, title or interest in and to any specific assets of the Corporation. A Director shall not have any dividend or voting rights or any
other rights of a stockholder (except as expressly set forth in Section 3 with respect to dividends and as provided in subparagraph (g) below) until the Shares credited to a Director’s Account are distributed. The rights of a Director
to receive payments under this Plan shall be no greater than the right of an unsecured general creditor of this Corporation. 

(d) The Plan shall be administered by the Board. The Board shall have the full discretion and power to interpret provisions of
the Plan, to prescribe, amend and rescind rules and regulations relating to the Plan, to compute amounts to be credited to and distributed from Directors’ Accounts, and to make all other determinations it deems necessary or advisable to
administer the Plan, with all such determinations being final and binding; provided, however, that the Board will not have the power to take any action relating to eligibility for participation in the Plan or the number of Shares to be issued to
each participating Director. 

 (e) The Board may at any time terminate the Plan or amend the Plan in any manner
it deems advisable and in the best interests of the Corporation; provided, however, that (i) no amendment or termination shall impair the rights of a Director with respect to amounts then credited to the Director’s Account, and
(ii) no amendment or termination shall accelerate or defer any payments or distributions that would have been made under the Plan if it had not been amended or terminated, except to the extent that such acceleration or deferral could be made
without subjecting the Directors to additional taxes under Section 409A of the Code. 
 (f) Each Director participating
in the Plan will receive an annual statement indicating the amount of cash and number of Shares credited to the Director’s Account as of the end of the preceding calendar year. 

(g) If adjustments are made to outstanding shares of Shares, or if outstanding shares of Shares are converted into or exchanged
for, other securities or property, as a result of stock dividends, stock splits, reverse stock splits, recapitalizations, reclassifications, mergers, split-ups, reorganizations, consolidations and the like, an appropriate adjustment (as determined
in good faith by the Board) will also be made in the number and kind of shares or property credited to the Director’s Account, so that, when distributions are made pursuant to this Plan, the Director will receive the number and kind of
securities or property to which a holder of Shares would have been entitled upon such event. In addition, if outstanding Shares are converted into or exchanged for another security, all references to “Shares” in this Plan shall be deemed
to be references to such other security. 
 (h) The name of the Plan shall be the “Pinnacle Entertainment, Inc.
Directors Deferred Compensation Plan.” 
 (i) Subject to the Employee Retirement Income Security Act of 1974, as
amended, the provisions of this Plan shall be construed and interpreted according to the internal laws of the State of Delaware without regard to its conflicts of law principles.EX-10.4

 EXHIBIT 10.4 

PINNACLE ENTERTAINMENT, INC. 

EXECUTIVE AND TEAM MEMBER RESTRICTED STOCK AWARD 

GRANT NOTICE AND AGREEMENT 

(2016 Equity and Performance Incentive Plan) 

Congratulations! I am pleased to inform you that, in recognition of the role you play in the collective success of Pinnacle Entertainment,
Inc. (the “Company” or “Pinnacle”), you have been granted a Restricted Stock Award. This award is subject to the terms and conditions of the 2016 Equity and Performance Incentive Plan (the “Plan”),
this Grant Notice, and the following Restricted Stock Award Agreement. The details of this award are indicated below. 
  

					
	Grantee:	  	  
	  	
	Date of Grant:	  	  
	  	
	Covered Shares of Restricted Stock:	  	  
	  	
	Vesting Commencement Date:	  	  
	  	
	Time Vested Stock:	  	  
	  	
	Time Vesting Period:	  	  
	  	
	Performance Vested Stock:	  	  
	  	
	Performance Vesting Period:	  	  
	  	
	Performance Vesting Criteria:	  	  
	  	
	Delivery Date:	  	  
	  	

 Restricted Stock Awards can be a great opportunity for individual wealth creation. As our Company becomes more
valuable through management running the business better and through growth opportunities, the value or price of a share of the Company’s common stock should increase. Through your efforts and the efforts of your colleagues, you have the ability
to help increase the value of our Company for all shareholders. 
 Thank you for all you do each and every day as a leader and owner of the
Company. Our focus on driving profitable revenues, eliminating non-value added expense and investing our capital prudently is collectively building a much stronger Pinnacle. We are establishing a balanced portfolio of properties as we continue to
grow nationally and internationally, and are well on our way to becoming the BEST CASINO ENTERTAINMENT COMPANY IN THE WORLD. 
 It is an
exciting time to be part of Pinnacle Entertainment! 
 Anthony Sanfilippo 

Chief Executive Officer 

 RESTRICTED STOCK AWARD AGREEMENT 

THIS RESTRICTED STOCK AWARD AGREEMENT (together with the above grant notice (the “Grant Notice”), this
“Agreement”) is made and entered into as of the date set forth on the Grant Notice by and between the Company, and the individual (the “Grantee”) set forth on the Grant Notice. 

A. Pursuant to the Pinnacle Entertainment, Inc. 2016 Equity and Performance Incentive Plan (the “Plan”), the Compensation
Committee (the “Committee”) has determined that it is to the advantage and best interest of the Company to grant to the Grantee this award of time-vested Restricted Stock (the “Time-Vested Stock”) and
performance-vested Restricted Stock (the “Performance-Vested Stock” and together with the Time-Vested Stock, the “Restricted Stock”) as set forth on the Grant Notice and in all respects subject to the terms,
definitions and provisions of the Plan, which is incorporated herein by reference, and this Agreement (the “Award”). 
 B.
Unless otherwise defined herein, capitalized terms used in this Agreement shall have the meanings set forth in the Plan. 
 NOW, THEREFORE,
in consideration of the mutual agreements contained herein, the Grantee and the Company hereby agree as follows: 
 1. Acceptance of Agreement.
Grantee has reviewed all of the provisions of the Plan, the Grant Notice, and this Restricted Stock Award Agreement. By electronically accepting this Award according to the instructions provided by the Company’s designated broker, Grantee
agrees that this electronic contract contains Grantee’s electronic signature, which Grantee has executed with the intent to sign this Agreement, and that this Award is granted under and governed by the terms and conditions of the Plan, the
Grant Notice, this Restricted Stock Award Agreement, and the applicable provisions (if any) contained in a written employment agreement between the Company or an Affiliate and the Grantee. Grantee hereby agrees to accept as binding, conclusive and
final all decisions or interpretations of the Committee on questions relating to the Plan, the Grant Notice, this Restricted Stock Award Agreement and, solely in so far as they relate to this Award, the applicable provisions (if any) contained in a
written employment agreement between the Company or an Affiliate and the Grantee. 
 2. Grant of Award. The Restricted Stock granted hereunder
pursuant to Article VII of the Plan shall be subject to the terms and provisions of the Plan, and all capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Plan. For purposes of this Agreement,
“Termination Date” shall mean the date on which the Grantee’s Continuous Status as an Employee, Director or Consultant terminates. Subject to Section 5.13 of this Agreement, the Grantee shall be entitled to receive dividends with
respect to the Restricted Stock. 
  

	3.	Vesting. 

 3.1. Subject to the provisions of the Plan and Sections 3.2 and
3.3 of this Agreement, and except as otherwise provided in a written employment agreement between the Company or an Affiliate and the Grantee: 

3.1.1. Time-Vested Stock. Time-Vested Stock shall vest in equal annual installments on each anniversary of the Vesting
Commencement Date during the Time Vesting Period (each such date, a “Time Vesting Date”), subject to the Grantee’s Continuous Status as an Employee, Director or Consultant through each applicable Time Vesting Date. 

3.1.2. Performance-Vested Stock. Performance-Vested Stock shall vest based on achievement of the Performance Vesting Criteria,
as described in the Grant Notice, during the Performance Period (the last date of the Performance Vesting Period, unless such other date or dates is indicated in the Performance Vesting Criteria, a “Performance Vesting Date” and
together with Time-Vesting Date, the “Vesting Dates”), subject to the Grantee’s Continuous Status as an Employee, Director or Consultant through each applicable Performance Vesting Date. If any Performance Vested Stock does not
vest on the applicable Performance Vesting Date, such Performance Vested Stock shall be forfeited on such Performance Vesting Date. 

  
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 3.2. If the Grantee’s Continuous Status as an Employee, Director or Consultant
terminates prior to an applicable Vesting Date, as of the Termination Date, the Grantee shall forfeit any unvested Restricted Stock. 
 4. Transfer of
Stock. The Restricted Stock issued under this Agreement may not be sold, transferred or otherwise disposed of and may not be pledged or otherwise hypothecated (each, a “Transfer”) until such Restricted Stock vests, and all
restrictions on such Restricted Stock shall have lapsed, in the manner set forth in Section 3. Until the Restricted Stock vests, such Restricted Stock shall (i) if in book entry form, be subject to an appropriate stop-transfer order and
(ii) to the extent that a stock certificate is delivered to the Grantee, bear the following legend or notation: “The Stock represented by this certificate are subject to a Restricted Stock Award Agreement between the registered owner and
Pinnacle Entertainment, Inc. which restricts the transferability of the Stock. A copy of the agreement is on file with the Secretary of Pinnacle Entertainment, Inc.” 

5. General. 
 5.1. Governing
Law. This Agreement shall be governed by and construed under the laws of the State of Delaware applicable to agreements made and to be performed entirely in Delaware, without regard to the conflicts of law provisions of Delaware or any other
jurisdiction. 
 5.2. Community Property. Without prejudice to the actual rights of the spouses as between each other, for all
purposes of this Agreement, the Grantee shall be treated as agent and attorney-in-fact for that interest held or claimed by his or her spouse with respect to this Award and the parties hereto shall act in all matters as if the Grantee was the sole
owner of this Award. This appointment is coupled with an interest and is irrevocable. 
 5.3. No Employment Rights. Nothing
contained herein shall be construed as an agreement by the Company or any of its subsidiaries, express or implied, to employ the Grantee or contract for the Grantee’s services, to restrict the Company’s or such subsidiary’s right to
discharge the Grantee or cease contracting for the Grantee’s services or to modify, extend or otherwise affect in any manner whatsoever the terms of any employment agreement or contract for services which may exist between the Grantee and the
Company or any Affiliate. 
 5.4. Application to Other Stock. In the event any capital stock of the Company or any other
corporation shall be distributed on, with respect to, or in exchange for Restricted Stock as a stock dividend, stock split, reclassification or recapitalization in connection with any merger or reorganization or otherwise, all restrictions, rights
and obligations set forth in this Agreement shall apply with respect to such other capital stock to the same extent as they are, or would have been applicable, to the Restricted Stock on or with respect to which such other capital stock was
distributed, and references to “Company” in respect of such distributed stock shall be deemed to refer to the company to which such distributed stock relates. 

5.5. No Third-Party Benefits. Except as otherwise expressly provided in this Agreement, none of the provisions of this Agreement
shall be for the benefit of, or enforceable by, any third-party beneficiary. 
 5.6. Successors and Assigns. Except as
provided herein to the contrary, this Agreement shall be binding upon and inure to the benefit of the parties, their respective successors and permitted assigns. 

5.7. No Assignment. Except as otherwise provided in this Agreement, the Grantee may not assign any of his, her or its rights
under this Agreement without the prior written consent of the Company, which consent may be withheld in its sole discretion. The Company shall be permitted to assign its rights or obligations under this Agreement so long as such assignee agrees to
perform all of the Company’s obligations hereunder. 
 5.8. Severability. The validity, legality or enforceability of the
remainder of this Agreement shall not be affected even if one or more of the provisions of this Agreement shall be held to be invalid, illegal or unenforceable in any respect. 

5.9. Equitable Relief. The Grantee acknowledges that, in the event of a threatened or actual breach of any of the provisions of
this Agreement, damages alone will be an inadequate remedy, and such breach will cause the Company great, immediate and irreparable injury and damage. Accordingly, the Grantee agrees that the Company shall be entitled to injunctive and other
equitable relief, and that such relief shall be in addition to, and not in lieu of, any remedies it may have at law or under this Agreement. 

  
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 5.10. Arbitration. 

5.10.1. General. Any controversy, dispute, or claim between the parties to this Agreement, including any claim arising out of,
in connection with, or in relation to the formation, interpretation, performance or breach of this Agreement shall be settled exclusively by arbitration, before a single arbitrator, in accordance with this Section 5.10 and the then most
applicable rules of the American Arbitration Association. Judgment upon any award rendered by the arbitrator may be entered by any state or federal court having jurisdiction thereof. Such arbitration shall be administered by the American Arbitration
Association. Arbitration shall be the exclusive remedy for determining any such dispute, regardless of its nature. Notwithstanding the foregoing, either party may in an appropriate matter apply to a court for provisional relief, including a
temporary restraining order or a preliminary injunction, on the ground that the award to which the applicant may be entitled in arbitration may be rendered ineffectual without provisional relief. Unless mutually agreed by the parties otherwise, any
arbitration shall take place in the City of Las Vegas, Nevada. 
 5.10.2. Selection of Arbitrator. In the event the parties
are unable to agree upon an arbitrator, the parties shall select a single arbitrator from a list of nine arbitrators drawn by the parties at random from the “Independent” (or “Gold Card”) list of retired judges or, at the option
of the Grantee, from a list of nine persons (which shall be retired judges or corporate or litigation attorneys experienced in stock incentives and buy-sell agreements) provided by the office of the American Arbitration Association having
jurisdiction over Las Vegas, Nevada. If the parties are unable to agree upon an arbitrator from the list so drawn, then the parties shall each strike names alternately from the list, with the first to strike being determined by lot. After each party
has used four strikes, the remaining name on the list shall be the arbitrator. If such person is unable to serve for any reason, the parties shall repeat this process until an arbitrator is selected. 

5.10.3. Applicability of Arbitration; Remedial Authority. This agreement to resolve any disputes by binding arbitration shall
extend to claims against any parent, subsidiary or affiliate of each party, and, when acting within such capacity, any officer, director, stockholder, employee or agent of each party, or of any of the above, and shall apply as well to claims arising
out of state and federal statutes and local ordinances as well as to claims arising under the common law. In the event of a dispute subject to this paragraph the parties shall be entitled to reasonable discovery subject to the discretion of the
arbitrator. The remedial authority of the arbitrator (which shall include the right to grant injunctive or other equitable relief) shall be the same as, but no greater than, would be the remedial power of a court having jurisdiction over the parties
and their dispute. The arbitrator shall, upon an appropriate motion, dismiss any claim without an evidentiary hearing if the party bringing the motion establishes that he or it would be entitled to summary judgment if the matter had been pursued in
court litigation. In the event of a conflict between the applicable rules of the American Arbitration Association and these procedures, the provisions of these procedures shall govern. 

5.10.4. Fees and Costs. Any filing or administrative fees shall be borne initially by the party requesting arbitration. The
Company shall be responsible for the costs and fees of the arbitration, unless the Grantee wishes to contribute (up to 50%) of the costs and fees of the arbitration. Notwithstanding the foregoing, the prevailing party in such arbitration, as
determined by the arbitrator, and in any enforcement or other court proceedings, shall be entitled, to the extent permitted by law, to reimbursement from the other party for all of the prevailing party’s costs (including but not limited to the
arbitrator’s compensation), expenses, and attorneys’ fees. 
 5.10.5. Award Final and Binding. The arbitrator shall
render an award and written opinion, and the award shall be final and binding upon the parties. If any of the provisions of this paragraph, or of this Agreement, are determined to be unlawful or otherwise unenforceable, in whole or in part, such
determination shall not affect the validity of the remainder of this Agreement, and this Agreement shall be reformed to the extent necessary to carry out its provisions to the greatest extent possible and to insure that the resolution of all
conflicts between the parties, including those arising out of statutory claims, shall be resolved by neutral, binding arbitration. If a court should find that the arbitration provisions of this Agreement are not absolutely binding, then the parties
intend any arbitration decision and award to be fully admissible in evidence in any subsequent action, given great weight by any finder of fact, and treated as determinative to the maximum extent permitted by law. 

  
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 5.11. Withholding Taxes. The Company shall be entitled to require a cash payment by
or on behalf of the Grantee and/or to deduct from any compensation payable to the Grantee the minimum amount of any sums required by federal, state or local tax law to be withheld (or other such sums that that will not cause adverse accounting
consequences for the Company and is permitted under applicable withholding rules promulgated by the Internal Revenue Service or another applicable governmental entity) with respect to the Restricted Stock Awards. 

5.12. Section 83(b) Election. If the Grantee makes an election under Section 83(b) of the Code, or any successor
section thereto, to be taxed with respect to the Restricted Stock as of the Grant Date, the Grantee shall deliver a copy of such election to the Company immediately after filing such election with the Internal Revenue Service, together with any
required tax withholding. The Grantee hereby acknowledges that it is the Grantee’s sole responsibility, and not the Company’s, to file timely the election under Section 83(b) of the Code. 

5.13. Rights as Shareholder. During the period until the Restricted Stock vests as provided in Section 3 hereof, the
Grantee shall, except as set forth in this Section 5.13, have all the rights of a stockholder with respect to the Restricted Stock, including the right to vote the underlying shares of Common Stock. Notwithstanding the foregoing, (i) the
Grantee shall not have the right to Transfer the Restricted Stock prior to the vesting thereof as set forth in Section 3 hereof, (ii) any dividends associated with the Restricted Stock will be paid to the Grantee at the time such shares
vest as set forth in Section 3 hereof, and will not be paid to the Grantee in the event that the shares do not become so vested and (iii) such Restricted Stock shall be subject to all terms, conditions, and restrictions, including, but not
limited to, forfeiture without consideration, of this Agreement and the Plan. 
 5.14. Headings. The section headings in this
Agreement are inserted only as a matter of convenience, and in no way define, limit, extend or interpret the scope of this Agreement or of any particular section. 

5.15. Number and Gender. Throughout this Agreement, as the context may require, (a) the masculine gender includes the
feminine and the neuter gender includes the masculine and the feminine; (b) the singular tense and number includes the plural, and the plural tense and number includes the singular; (c) the past tense includes the present, and the present
tense includes the past; (d) references to parties, sections, paragraphs and exhibits mean the parties, sections, paragraphs and exhibits of and to this Agreement; and (e) periods of days, weeks or months mean calendar days, weeks or
months. 
 5.16. Electronic Delivery and Disclosure. The Company may, in its sole discretion, decide to deliver or disclose,
as applicable, any documents related to this Award granted under the Plan, future awards that may be granted under the Plan, the prospectus related to the Plan, the Company’s annual reports or proxy statements by electronic means or to request
Grantee’s consent to participate in the Plan by electronic means. Grantee hereby consents to receive such documents delivered electronically or to retrieve such documents furnished electronically, as applicable, and agrees to participate in the
Plan through any online or electronic system established and maintained by the Company or another third party designated by the Company. 

5.17. Data Privacy. Grantee agrees that all of Grantee’s information that is described or referenced in this Agreement and
the Plan may be used by the Company, its affiliates and the designated broker and its affiliates to administer and manage Grantee’s participation in the Plan. 

5.18. Acknowledgments of Grantee. Grantee has reviewed the Plan and this Agreement in their entirety, has had an opportunity to
obtain the advice of counsel prior to executing this Agreement, fully understands all provisions of the Plan and this Agreement and, by accepting the Notice of Grant, acknowledges and agrees to all of the provisions of the Plan and this Agreement.

 5.19. Complete Agreement. The Grant Notice, this Restricted Stock Award Agreement, the Plan, and applicable provisions (if
any) contained in a written employment agreement between the Company or an Affiliate and the Grantee constitute the parties’ entire agreement with respect to the subject matter hereof and supersede all agreements, representations, warranties,
statements, promises and understandings, whether oral or written, with respect to the subject matter hereof. 

  
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 5.20. Waiver of Jury Trial. TO THE EXTENT EITHER PARTY INITIATES LITIGATION
INVOLVING THIS AGREEMENT OR ANY ASPECT OF THE RELATIONSHIP BETWEEN US (EVEN IF OTHER PARTIES OR OTHER CLAIMS ARE INCLUDED IN SUCH LITIGATION), ALL OF THE PARTIES WAIVE THEIR RIGHT TO A TRIAL BY JURY. THIS WAIVER WILL APPLY TO ALL CAUSES OF ACTION
THAT ARE OR MIGHT BE INCLUDED IN SUCH ACTION, INCLUDING CLAIMS RELATED TO THE ENFORCEMENT OR INTERPRETATION OF THIS AGREEMENT, ALLEGATIONS OF STATE OR FEDERAL STATUTORY VIOLATIONS, FRAUD, MISREPRESENTATION, OR SIMILAR CAUSES OF ACTION, AND IN
CONNECTION WITH ANY LEGAL ACTION INITIATED FOR THE RECOVERY OF DAMAGES BETWEEN OR AMONG US OR BETWEEN OR AMONG ANY OF OUR OWNERS, AFFILIATES, OFFICERS, EMPLOYEES OR AGENTS. 

  
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