Document:

Exhibit 10.93

 

	
  APN: 44-531-05

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  RECORDING REQUESTED BY,
  AND

  WHEN RECORDED RETURN TO:

  	
   

  	
  614473

  
	
   

  	
  Official Records Nye
  County Nevada

  
	
   

  	
   

  	
  Requested By: Chicago
  Title

  
	
  Sheppard, Mullin, Richter
  & Hampton LLP

  333 South Hope Street, 48th Floor

  Los Angeles, California 90071

  Attention: Sylvia D. Lautsch, Esq.

  	
   

  	
  02/01/05 8:14 AM

  
	
   

  	
  Donna L. Motis, Recorder

  
	
   

  	
  Fee: $21.00 State: $              

  	
  Dep: dm

  
	
   

  	
  Non-Conformity Fee $25.00

  
	
   

  	
   

  	
   

  
	
  Mail Property Tax
  Statements to:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  c/o Herbst Gaming, Inc.

  5195 Las Vegas Boulevard

  Las Vegas, Nevada 89119

  Attention: M. Higgins

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  04126426

  	
   

  	
   

  

 

FIRST AMENDMENT TO LEASEHOLD DEED
OF TRUST WITH

ASSIGNMENT OF RENTS, SECURITY
AGREEMENT AND FIXTURE FILING

 

This First Amendment to Leasehold Deed of Trust with
Assignment of Rents, Security Agreement and Fixture Filing, dated as of January 31,
2005 (“Amendment”), is by and between E-T-T, INC., a Nevada corporation (“Trustor”),
and BANK OF AMERICA, N.A., a national banking association (“Bank of America”),
as Administrative Agent for itself and the Lenders, hereinafter defined.  Bank of America, in its capacity as such
Administrative Agent, is referred to herein as “Beneficiary.”

 

For valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree
as follows:

 

1.                                       Recitals and Certain Definitions.

 

1.1                                 This Amendment is a first amendment to
that certain Leasehold Deed of Trust with Assignment of Rents, Security
Agreement and Fixture Filing dated June 10, 2004 (the “Deed of Trust”),
executed by Trustor, as trustor, for the benefit of Bank of America as
Administrative Agent for certain lenders, as beneficiary.  The Deed of Trust was recorded on June 18,
2004, as Instrument No. 593377 in the Official Records of Nye County, Nevada
(the “Official Records”).

 

1.2                                 This Amendment is entered into:

 

(a)                                  with reference to that certain Credit
Agreement dated as of June 10, 2004 (“Original Credit Agreement”), among
Herbst Gaming, Inc., a Nevada corporation (“Borrower”), the lenders party
thereto (“Original Lenders”) and Bank of America as Administrative Agent for
the Original Lenders;

 

1

 

(b)                                 with reference to that certain Amended
and Restated Credit Agreement, dated as of October 8, 2004 by and among
Borrower, Bank of America as Administrative Agent, and the other lender parties
(collectively, “Lenders”) thereto (“Credit Agreement”), which Credit Agreement
amended and restated in its entirety the Original Credit Agreement, and which
provided for the extension of Revolving Loans to the Borrower in the aggregate
principal amount of $175,000,000, and for the extension of Term Loans to the
Borrower under certain circumstances;

 

(c)                                  with reference to that certain Term
Joinder Agreement dated concurrently herewith by and among Borrower, Bank of
America as Administrative Agent and the other Lenders, which amends the Credit
Agreement by providing for the extension of Term Loans to the Borrower in the
aggregate principal amount of $100,000,000; and

 

(d)                                 with reference to certain other documents
of even date herewith which constitute “Loan Documents” as defined in the
Credit Agreement.  This Amendment and the
Credit Agreement, together with the other Loan Documents being executed
substantially concurrently herewith, are collectively referred to herein as the
“Modification Documents”.

 

1.3                                 The Modification Documents modify
obligations that are presently secured by the Deed of Trust, including, without
limitation, certain obligations under the Original Credit Agreement evidenced
by the Notes, a note evidencing the Swing Line Loan and the Secured Swap
Contracts.  Such modifications include,
without limitation, (i) the conversion of certain existing term loans under the
Original Credit Agreement to revolving credit facilities, (ii) the increase in
certain existing Revolving Commitments under the Original Credit Agreement to
$175,000,000, and (iii), subject to the satisfaction of certain conditions, the
extension of new Term Loans in an aggregate principal amount not to exceed
$100,000,000.

 

1.4                                 Any capitalized term used and not
otherwise defined herein (A) shall have the meaning given to such term in the
Deed of Trust, or (B) if not defined in the Deed of Trust, shall have the
meaning given to such term in the Credit Agreement.

 

2.                                       Secured Obligations Under Deed of Trust.

 

2.1                                 Section 1.2.1 of the Deed of Trust
is hereby amended in its entirety to read as follows:

 

“1.2.1                  Trustor makes the grant, bargain, conveyance, sale, transfer and
assignment set forth in Section 1.1 and grants the security interest set
forth in Article 3 for the purpose of securing the following obligations
(collectively, the “Secured Obligations”) in any order of priority that
Beneficiary may choose:

 

(a)                                  Except as specified in Section 1.2.2
below, the payment and performance of each obligation of Trustor pursuant to
that certain Guaranty (as amended as of the date hereof, the “Guaranty”) dated June 10,
2004, entered into by Trustor in favor of Beneficiary pursuant to that
Instrument of Joinder to Guaranty

 

2

 

dated as of October 8, 2004.  The Guaranty has been entered into by Trustor
to, among other things, guaranty the payment and performance of all obligations
of Borrower to Beneficiary under the Credit Agreement and all related Loan
Documents, pursuant to which the Lenders have extended or have agreed to extend
to the Borrower certain secured revolving and term credit facilities, presently
in the aggregate principal amount of $275,000,000 (the “Commitment”),
including, but not limited to the payments of all amounts owing under the Swing
Line Loan, the payment of all amounts owing with respect to the Letters of
Credit, including without limitation unreimbursed drawings and obligations to
furnish cash collateral as provided in the Credit Agreement, and the payment of
all amounts owing under any and all Secured Swap Contracts entered into by the
Borrower with any Lender or Affiliate thereof;

 

(b)                                 The payment and performance of all future
advances and other obligations that Trustor or any other person may owe to
Beneficiary and/or any Lender (whether as principal, surety or guarantor), when
a writing evidences Trustor’s and Beneficiary’s agreement that such advances or
obligations be secured by this Deed of Trust;

 

(c)                                  The payment and performance of all
obligations of Trustor under this Deed of Trust; and

 

(d)                                 The payment and performance of all
modifications, amendments, extensions and renewals, however evidenced, of any
of the Secured Obligations described in clause (a), (b) or (c) above.”

 

3.                                       Certain Global Changes to References. 
All references in the Deed of Trust to the “Credit Agreement” shall mean
and refer to the Credit Agreement, as amended and restated.  All references in the Deed of Trust to the “Notes”
shall mean and refer to the Notes, as defined in the Credit Agreement.  All references in the Deed of Trust to the “Deed
of Trust” shall mean and refer to the Deed of Trust as amended hereby.

 

4.                                       Notices to Beneficiary. 
For purposes of Sections 4 and 9.11 of the Deed of Trust, Beneficiary’s
notice address is hereby amended as follows:

 

	
  Bank of
  America, N.A.

  
	
  Mail Code:
  TX1-492-14-11

  
	
  Bank of
  America Plaza

  
	
  901 Main
  St., 14th Floor

  
	
  Dallas, TX
  75202-3714

  
	
  Attention: 

  	
  Chris M.
  Levine, Assistant Vice President

  
	
   

  	
  Agency
  Management Officer II

  
	
   

  	
  GCIB Agency
  Management Central I

  

 

5.                                       No Other Amendment. 
Except as expressly modified hereby, the Deed of Trust remains in full
force and effect.

 

3

 

6.                                       Miscellaneous. 
This Amendment shall bind, and shall inure to the benefit of, the
successors and assigns of the parties. 
This document may be executed in counterparts with the same force and
effect as if the parties had executed one instrument, and each such counterpart
shall constitute an original hereof. 
This Amendment shall be governed by and construed in accordance with the
laws of the State of Nevada.

 

4

 

IN WITNESS WHEREOF, Trustor and Beneficiary have caused
this Amendment to be duly executed as of the date first written above.

 

 

	
   

  	
  “Trustor”:

  
	
   

  	
   

  
	
   

  	
  E-T-T, INC.,

  a Nevada corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Edward Herbst

  	
   

  
	
   

  	
  Name:

  	
  Edward Herbst

  	
   

  
	
   

  	
  Its:

  	
  President

  	
   

  

 

5

 

 

	
   

  	
  “Beneficiary”:

  
	
   

  	
   

  
	
   

  	
  BANK OF AMERICA, N.A.,

  as Administrative Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Chris M. Levine

  	
   

  
	
   

  	
  Name:

  	
  Chris M. Levine

  
	
   

  	
  Its:

  	
  Assistant Vice President

  

 

6

 

	
  ACKNOWLEDGMENTS

  	
   

  
	
   

  	
   

  
	
  STATE
  OF Nevada

  	
   

  	
  )

  	
   

  
	
   

  	
  )
  ss

  	
   

  
	
  COUNTY
  OF Clark    )

  	
   

  

 

This
instrument was acknowledged before me on Jan 25, 2005 by Edward Herbst as President
of E-T-T, INC., a Nevada corporation.

 

[Seal]

 

 

	
   

  	
  /s/ Jenifer E. Cannon

  	
   

  
	
   

  	
   

  	
  (signature of notarial
  officer)

  
	
   

  	
  Notary Public

  	
   

  
	
   

  	
   

  	
  (Title and rank)

  
	
   

  	
   

  	
   

  
	
   

  	
  My commission expires:

  	
  1/17/07

  	
   

  
					

 

7

 

 

	
  ACKNOWLEDGMENTS

  	
   

  
	
   

  	
   

  
	
  STATE
  OF Texas

  	
   

  	
  )

  	
   

  
	
   

  	
  )
  ss

  	
   

  
	
  COUNTY
  OF Dallas    )

  	
   

  

 

This
instrument was acknowledged before me on Jan. 25, 2005 by Chris M. Levine as A.V.P.
of Bank of America, N.A., a national banking association.

 

[Seal]

 

 

	
   

  	
  /s/ Patricia A. Tomek

  	
   

  
	
   

  	
   

  	
  (signature of notarial
  officer)

  
	
   

  	
  Sr. Risk Control
  Specialist

  	
   

  
	
   

  	
   

  	
  (Title and rank)

  
	
   

  	
   

  	
   

  
	
   

  	
  My commission expires:

  	
  11-25-05

  	
   

  
					

 

8Exhibit
10.94

 

	
  APN: 38-283-13

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  RECORDING REQUESTED BY, AND

  WHEN RECORDED RETURN TO:

  	
   

  	
  614490

  
	
   

  	
  Official Records Nye County Nevada

  
	
   

  	
   

  	
  Requested By: Chicago Title

  
	
  Sheppard, Mullin, Richter & Hampton LLP

  333 South Hope Street, 48th Floor

  Los Angeles, California 90071

  Attention: Sylvia D. Lautsch, Esq.

  	
   

  	
  02/01/05 8:38 AM

  
	
   

  	
  Donna L. Motis, Recorder

  
	
   

  	
  Fee: $21.00 State: $               Dep:
  dm

  
	
   

  	
  Non-Conformity Fee $25.00

  
	
   

  	
   

  	
   

  
	
  Mail Property Tax Statements to:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  c/o Herbst Gaming, Inc.

  5195 Las Vegas Boulevard

  Las Vegas, Nevada 89119

  Attention: M. Higgins

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  04126425

  	
   

  	
   

  

 

FIRST
AMENDMENT TO LEASEHOLD DEED OF TRUST WITH

ASSIGNMENT OF RENTS, SECURITY AGREEMENT AND FIXTURE FILING

 

This First Amendment to Leasehold Deed of Trust with
Assignment of Rents, Security Agreement and Fixture Filing, dated as of January 31,
2005 (“Amendment”), is by and between E-T-T, INC., a Nevada corporation (“Trustor”),
and BANK OF AMERICA, N.A., a national banking association (“Bank of America”),
as Administrative Agent for itself and the Lenders, hereinafter defined.  Bank of America, in its capacity as such
Administrative Agent, is referred to herein as “Beneficiary.”

 

For valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree
as follows:

 

1.                                       Recitals and Certain Definitions.

 

1.1                                 This Amendment is a first amendment to
that certain Leasehold Deed of Trust with Assignment of Rents, Security
Agreement and Fixture Filing dated June 10, 2004 (the “Deed of Trust”),
executed by Trustor, as trustor, for the benefit of Bank of America as
Administrative Agent for certain lenders, as beneficiary.  The Deed of Trust was recorded on June 18,
2004, as Instrument No. 593369 in the Official Records of Nye County, Nevada
(the “Official Records”).

 

1.2                                 This Amendment is entered into:

 

(a)                                  with reference to that certain Credit
Agreement dated as of June 10, 2004 (“Original Credit Agreement”), among
Herbst Gaming, Inc., a Nevada corporation (“Borrower”), the lenders party
thereto (“Original Lenders”) and Bank of America as Administrative Agent for
the Original Lenders;

 

1

 

(b)                                 with reference to that certain Amended
and Restated Credit Agreement, dated as of October 8, 2004 by and among
Borrower, Bank of America as Administrative Agent, and the other lender parties
(collectively, “Lenders”) thereto (“Credit Agreement”), which Credit Agreement
amended and restated in its entirety the Original Credit Agreement, and which
provided for the extension of Revolving Loans to the Borrower in the aggregate
principal amount of $175,000,000, and for the extension of Term Loans to the
Borrower under certain circumstances;

 

(c)                                  with reference to that certain Term
Joinder Agreement dated concurrently herewith by and among Borrower, Bank of
America as Administrative Agent and the other Lenders, which amends the Credit
Agreement by providing for the extension of Term Loans to the Borrower in the
aggregate principal amount of $100,000,000; and

 

(d)                                 with reference to certain other documents
of even date herewith which constitute “Loan Documents” as defined in the
Credit Agreement. This Amendment and the Credit Agreement, together with the
other Loan Documents being executed substantially concurrently herewith, are
collectively referred to herein as the “Modification Documents”.

 

1.3                                 The Modification Documents modify
obligations that are presently secured by the Deed of Trust, including, without
limitation, certain obligations under the Original Credit Agreement evidenced
by the Notes, a note evidencing the Swing Line Loan and the Secured Swap
Contracts. Such modifications include, without limitation, (i) the conversion
of certain existing term loans under the Original Credit Agreement to revolving
credit facilities, (ii) the increase in certain existing Revolving Commitments
under the Original Credit Agreement to $175,000,000, and (iii), subject to the
satisfaction of certain conditions, the extension of new Term Loans in an
aggregate principal amount not to exceed $100,000,000.

 

1.4                                 Any capitalized term used and not
otherwise defined herein (A) shall have the meaning given to such term in the
Deed of Trust, or (B) if not defined in the Deed of Trust, shall have the
meaning given to such term in the Credit Agreement.

 

2.                                       Secured Obligations Under Deed of Trust.

 

2.1                                 Section 1.2.1 of the Deed of Trust
is hereby amended in its entirety to read as follows:

 

“1.2.1                  Trustor makes the grant, bargain, conveyance, sale, transfer and
assignment set forth in Section 1.1 and grants the security interest set
forth in Article 3 for the purpose of securing the following obligations
(collectively, the “Secured Obligations”) in any order of priority that
Beneficiary may choose:

 

(a)                                  Except as specified in Section 1.2.2
below, the payment and performance of each obligation of Trustor pursuant to
that certain Guaranty (as amended as of the date hereof, the “Guaranty”) dated June 10,
2004, entered into by Trustor in favor of Beneficiary pursuant to that
Instrument of Joinder to Guaranty

 

2

 

dated as of October 8, 2004.  The Guaranty has been entered into by Trustor
to, among other things, guaranty the payment and performance of all obligations
of Borrower to Beneficiary under the Credit Agreement and all related Loan
Documents, pursuant to which the Lenders have extended or have agreed to extend
to the Borrower certain secured revolving and term credit facilities, presently
in the aggregate principal amount of $275,000,000 (the “Commitment”),
including, but not limited to the payments of all amounts owing under the Swing
Line Loan, the payment of all amounts owing with respect to the Letters of
Credit, including without limitation unreimbursed drawings and obligations to
furnish cash collateral as provided in the Credit Agreement, and the payment of
all amounts owing under any and all Secured Swap Contracts entered into by the
Borrower with any Lender or Affiliate thereof;

 

(b)                                 The payment and performance of all future
advances and other obligations that Trustor or any other person may owe to
Beneficiary and/or any Lender (whether as principal, surety or guarantor), when
a writing evidences Trustor’s and Beneficiary’s agreement that such advances or
obligations be secured by this Deed of Trust;

 

(c)                                  The payment and performance of all
obligations of Trustor under this Deed of Trust; and

 

(d)                                 The payment and performance of all
modifications, amendments, extensions and renewals, however evidenced, of any
of the Secured Obligations described in clause (a), (b) or (c) above.”

 

3.                                       Certain Global Changes to References. 
All references in the Deed of Trust to the “Credit Agreement” shall mean
and refer to the Credit Agreement, as amended and restated.  All references in the Deed of Trust to the “Notes”
shall mean and refer to the Notes, as defined in the Credit Agreement.  All references in the Deed of Trust to the “Deed
of Trust” shall mean and refer to the Deed of Trust as amended hereby.

 

4.                                       Notices
to Beneficiary.  For purposes of Sections
4 and 9.11 of the Deed of Trust, Beneficiary’s notice address is hereby amended
as follows:

 

Bank of America, N.A.

Mail Code: TX1-492-14-11

Bank of America Plaza

901 Main St., 14th Floor

Dallas, TX 75202-3714

	
  Attention:

  	
  Chris M. Levine, Assistant Vice President

  Agency Management Officer II

  GCIB Agency Management Central I

  

 

5.                                       No Other Amendment. 
Except as expressly modified hereby, the Deed of Trust remains in full
force and effect.

 

3

 

6.                                       Miscellaneous. 
This Amendment shall bind, and shall inure to the benefit of, the
successors and assigns of the parties. 
This document may be executed in counterparts with the same force and
effect as if the parties had executed one instrument, and each such counterpart
shall constitute an original hereof. 
This Amendment shall be governed by and construed in accordance with the
laws of the State of Nevada.

 

4

 

IN WITNESS WHEREOF, Trustor and Beneficiary have
caused this Amendment to be duly executed as of the date first written above.

 

	
   

  	
  “Trustor”:

  
	
   

  	
   

  
	
   

  	
  E-T-T, INC.,

  a Nevada corporation

  
	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Edward
  Herbst

  	
   

  
	
   

  	
  Name:

  	
  Edward
  Herbst

  	
   

  
	
   

  	
  Its:

  	
  President

  	
   

  

 

5

 

	
   

  	
  “Beneficiary”:

  
	
   

  	
   

  
	
   

  	
  BANK OF
  AMERICA, N.A.,

  as Administrative Agent

  
	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Chris M.
  Levine

  	
   

  
	
   

  	
  Name:

  	
  Chris M.
  Levine

  	
   

  
	
   

  	
  Its:

  	
  Assistant
  Vice President

  	
   

  

 

6

 

ACKNOWLEDGMENTS

 

	
  STATE OF Nevada  

  	
  )

  
	
   

  	
  ) ss

  
	
  COUNTY OF Clark    )

  

 

This instrument was acknowledged before me on Jan 25, 2005 by Edward
Herbst as President of E-T-T, INC., a Nevada corporation.

 

[Seal]

 

 

	
   

  	
  /s/ Jenifer
  E. Cannon

  	
   

  
	
   

  	
  (signature
  of notarial officer)

  
	
   

  	
  Notary
  Public

  	
   

  
	
   

  	
  (Title and
  rank)

  	
   

  
	
   

  	
   

  
	
   

  	
  My
  commission expires:

  	
  1/17/07

  	
   

  
						

 

7

 

ACKNOWLEDGMENTS

 

	
  STATE OF Texas  

  	
  )

  
	
   

  	
  ) ss

  
	
  COUNTY OF Dallas    )

  

 

This instrument was acknowledged before me on Jan 25, 2005 by Chris M.
Levine as A.V.P. of Bank of America, N.A., a national banking association.

 

[Seal]

 

 

	
   

  	
  /s/ Patricia
  A. Tomek

  	
   

  
	
   

  	
  (signature
  of notarial officer)

  
	
   

  	
  Sr. Risk
  Control Specialist

  	
   

  
	
   

  	
  (Title and
  rank)

  	
   

  
	
   

  	
   

  
	
   

  	
  My
  commission expires:

  	
  11-25-05

  	
   

  
						

 

8

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