Document:

Exhibit

Exhibit 10.22

EMPLOYMENT AGREEMENT

This EMPLOYMENT AGREEMENT (the “Agreement”) dated as of the 25th day of July, 2016 and made effective as of the 1st day of October, 2016 (the “Effective Date”), by and between the MOHEGAN TRIBAL GAMING AUTHORITY (the “Authority”, or the “Employer”), an instrumentality of THE MOHEGAN TRIBE OF INDIANS OF CONNECTICUT (the “Tribe”), a sovereign Indian nation, having an address of One Mohegan Sun Boulevard, Uncasville, Connecticut 06382, and ROBER C. RUBENSTEIN, residing at 125 Stonewood Court, Las Vegas, Nevada 89107 (“Executive”).

WITNESSETH:

WHEREAS, the Employer owns and operates, among other things, the Mohegan Sun casino and resort in Uncasville, Connecticut, a harness racetrack located in Wilkes-Barre, Pennsylvania known as Mohegan Sun Pocono, along with several off-track wagering facilities located in the Commonwealth of Pennsylvania, and has investments in and/or operates other gaming enterprises and other proposed gaming enterprises and businesses in the United States and abroad (as presently existing and hereafter developed, the “Business”); and 

WHEREAS, the Employer acts with respect to its employees exclusively through its President/CEO, in whom is vested sole legal authority to make decisions with respect to Executive’s employment, the terms and conditions of Executive’s employment and the continuation and/or termination of Executive’s employment; and 

WHEREAS, Executive has significant legal experience in the gaming industry in leading global business operations, internal controls, corporate legal departments and counseling senior management for multi-national companies; and
    
WHEREAS, the Employer intends to employ Executive as the Senior Vice President and General Counsel of the Authority, and is desirous of assuring that Executive has the authority to fully carry out his duties hereunder, acting through the President of the Authority.

NOW, THEREFORE, in consideration of the promises and the mutual covenants, terms and conditions hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency whereof is specifically acknowledged, the parties hereto hereby agree as follows:

		
	1.
	Nature of Services and Duties

(A)The Employer hereby agrees to employ Executive as the Senior Vice President and General Counsel of the Authority upon the terms set forth herein, and Executive hereby accepts such employment.  

(B)Executive shall perform such duties and services of an executive, managerial and administrative nature as are customary for a chief legal officer and general counsel of a similar 

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entity and which, consistent with the foregoing, the Employer may from time to time through communication from the President/CEO of the Authority hereafter assign to him.  Such duties shall include, but not be limited to:  (i) oversight of all aspects of the legal functions for the Authority, including direct supervision of all attorneys and legal staff for the Authority and its divisions and subsidiaries; (ii) advise the Authority regarding business development, commercial credit, debt offerings, corporate governance, intellectual property, data privacy, compliance and risk management issues including periodic review and revision of compliance programs; (iii) primary legal advisor to and negotiator for the business development executives for national and international ventures; (iv) in conjunction with the Tribe’s Attorney General, manage material business and commercial litigation for the Authority; and (v) serve as executive management team representative responsive to the Audit Committee.  Executive shall report to the President/CEO of the Authority.  The Employer shall not materially restrict, reduce or otherwise limit Executive’s responsibility or authority without his consent, except for customary limits and protocols of authority established by the Employer consistent with past practice. 

(C)     Executive shall devote his full time best efforts and ability and all required business time to the performance of his duties and responsibilities hereunder to achieve the goals set forth in the Employer’s annual business plan.  Executive shall perform all of his duties to the Employer faithfully, competently, and diligently.  Executive shall comply with Employer’s policies, including, without limitation, the standards of personal conduct set forth in Policy #27, as amended from time to time.  

(D)    Except for actions of the Executive that could be the basis for termination for Cause as set forth in Paragraph 7(C), below, the Employer shall indemnify, defend, and hold Executive harmless, including the payment of reasonable attorney fees if the Employer does not directly provide Executive’s defense, from and against all claims made by anyone, including, but not limited to, a corporate entity, company, other employee, agent, patron, tribal member, or any member of the general public with respect to any claim that asserts as a basis, any acts, omissions, or other circumstances involving the performance of Executive of his duties and services under this Agreement. 

		
	2.
	Effective Date

This Agreement shall be effective from the Effective Date set forth in the opening paragraph of this Agreement, provided, however, that Executive shall have received all required gaming licenses from the State of Connecticut on or before the Effective Date.

		
	3.
	Term

This Agreement shall govern Executive’s employment with the Employer from the Effective Date through and including March 31, 2020.  This Agreement, including this paragraph, shall automatically renew for additional terms of one (1) year each unless either party shall notify the other of its or his intention to terminate, or unless otherwise terminated as provided herein.  Any such notice of intention to terminate shall be delivered not later than one (1) year prior to the end 

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of the affected term and shall be effective at the end of such term, except as otherwise provided herein.

		
	4.
	Base Annual Salary; Relocation

(A)Commencing with the Effective Date and until September 30, 2017, the Employer shall pay Executive a Base Annual Salary in the amount of $700,000.00, payable in equal weekly installments of $13,461.54.  Commencing October 1, 2017, and on each October 1 thereafter during the term of this Agreement, the Base Annual Salary shall be increased if, and in an amount, mutually agreed to by Executive and the Employer.  Executive shall be permitted to participate in and shall be eligible for all compensation plans and benefits as available to senior executive employees at or below his level.  For the avoidance of doubt, Executive shall also participate in any bonus and equity compensation plans existing now or hereafter available to and at least at the same rate as senior executives of his level.

(B)In connection with the execution of this Agreement, Executive will receive a relocation payment in the amount of $100,000.00, which amount shall be subject to applicable withholding, payable on the Effective Date, in connection with Executive’s relocation to the area in close proximity to Mohegan Sun (for purposes hereof, “close proximity” includes, without limitation, New London, Hartford, Middlesex and New Haven counties, Connecticut).  Additionally, the Executive’s actual expenses of packing, moving, storage, etc. shall be billed to and paid by Employer and not subject to deductions, which expenses shall not exceed in the aggregate $25,000.00.  In consideration of these payments, Executive waives any rights or benefits available to Executive associated with Employer programs or policies dealing with employee relocation.  In the event that Executive resigns his position or is terminated for Cause as set forth in Paragraph 7(C) within one (1) year after the Effective Date, Executive will be required to reimburse Employer the unamortized portion of the relocation payment that is amortized on a straight line basis over the one (1) year period after the Effective Date.  In the event of such resignation or termination for Cause, Executive agrees to repay such amount to the Employer and the Employer is hereby authorized to deduct such amount from any wages or other amounts due and owing to Executive.  Executive’s obligations under this Paragraph 4(B) shall survive any termination or expiration this Agreement and Executive’s employment hereunder.

		
	5.
	Life Insurance

The Employer may, within its discretion, at any time during the term of this Agreement apply for and procure as owner and for its own benefit insurance on the life of Executive, in such amounts and in such form as the Employer may choose.  Executive shall have no interest whatsoever in any such policies, but he shall upon request by the Employer submit to such medical examinations, supply such information, and execute such documents as may be required by the Employer or the insurance companies to whom the Employer has made application.    

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	6.
	Reimbursement of Certain Expenses; Vacation; Medical Benefits

(A)The Employer will reimburse Executive for necessary and reasonable business expenses incurred by him in the performance of his duties hereunder, provided, that he shall obtain the approval for such expenditures in accordance with the procedures adopted by Employer from time to time and generally applicable to its executive-level employees, including such procedures with respect to submission of appropriate documentation and receipts.  Failure by Executive to follow such procedures shall entitle the Employer to refuse to reimburse Executive for such expenses until such time as such failure has been cured.  It is understood and agreed that Employer shall not be responsible for any expense of Executive for leasing or operation of a vehicle for Executive (except that Executive shall be entitled to reimbursement for the expenses, including mileage, actually incurred in connection with his use of his automobile for the business-related purposes of the Employer), nor for any expense of Executive for legal expenses or tax planning expenses incurred by Executive in interpreting this or any other agreement between Executive and Employer.

(B)Executive shall be entitled to four (4) weeks paid vacation per fiscal year of employment, pro-rated for any partial year.

(C)Executive shall participate in such employee benefit plans and programs (including but not limited to medical and life insurance programs) as are now or may hereafter be adopted by the Employer for its executive employees and their families. The life insurance program shall provide term life insurance coverage on Executive’s life for the benefit of Executive’s designated beneficiary in an amount not less than Executive’s Base Annual Salary.  Employer shall continue to provide medical insurance coverage to Executive and his family under its plan for a period of one (1) year after any termination by Employer of Executive’s employment hereunder if such termination was without Cause, as hereinafter defined.

		
	7.
	Disability; Termination

(A) If Executive shall become unable to perform all of his duties set forth in Paragraph 1 of this Agreement due to mental or physical disability, all compensation and benefits provided in this Agreement shall continue to be paid and provided in full for a period not exceeding one hundred and eighty (180) consecutive days.  Upon completion of such one hundred and eighty (180) days (or if Executive shall be disabled by the same incapacity for an aggregate period of one hundred and eighty (180) days in any period of three hundred and sixty (360) consecutive days) the Employer may, at its sole option, suspend Executive’s employment until Executive is recovered (as reasonably certified by a physician designated by the Employer) from such mental or physical disability.  During any period of suspension on account of disability, Executive shall receive only such compensation as may be provided under the disability insurance described in Paragraph 7(B).  If the physician designated by the Employer certifies that Executive is permanently disabled, Employer’s obligations under this Agreement shall cease; provided, however, Executive shall be entitled to the disability benefits set forth in Paragraph 7(B) below.

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(B)Employer, at the sole expense of Employer, shall provide disability insurance coverage for Executive.  Such policy shall provide payment of 50% of Executive’s Base Annual Salary, commencing with suspension or termination of employment, pursuant to Paragraph 7(A), above, by reason of physical or mental disability, and for a period of two (2) years if such disability was the result of injury and to age 65 if such disability was the result of physical or mental illness.  In the event the Employer is unable to obtain disability insurance in the amount required, or is unable to obtain all or part of such insurance at standard rates, the Employer shall at its option obtain part or all of such insurance at non-standard rates or shall self-insure in whole or in part for the time periods set forth in this paragraph.

(C)Subject to the provisions of this paragraph, the Employer may terminate Executive’s employment for Cause, defined as (i) Executive’s violation of the Restrictive Covenants as defined in Paragraph 10 of this Agreement, (ii) the loss or suspension by the State of Connecticut or by the Mohegan Tribal Gaming Commission of Executive’s license for Class III and, as applicable, Class II gaming for a period of thirty (30) consecutive days, (iii) Executive’s conviction of any crime involving fraud, theft or moral turpitude, or (iv) Executive’s intentional or material breach of his obligations under this Agreement.  Employer may suspend Executive without pay upon Executive’s arrest for any alleged crime against the Employer or any of its affiliates.  In the event that Executive is found not guilty or otherwise exonerated for an alleged crime against Employer or any of its affiliates, Executive’s suspended pay shall be reimbursed to him.

Except in the event of suspension upon Executive’s arrest or termination upon conviction of a crime or loss of license, if Employer desires to terminate Executive for Cause, Employer shall give written notice specifying the act(s) claimed to constitute Cause and specifying an effective date of termination, which date shall be no sooner than thirty (30) days after the giving of such notice.  Employer may, in its sole discretion, give Executive an opportunity to rectify the reasons for termination.  In the event Executive fails to rectify the act(s) claimed to constitute cause as set forth in the notice of termination,  Executive’s employment with the Employer shall cease effective upon the date provided in the notice of termination.  If such termination is for Cause, then Executive shall not be entitled to any further compensation from and after the date of termination.
 
(D)Subject to the provisions of this paragraph, the Employer may terminate Executive’s employment other than for Cause, as defined above.  In the event of termination other than for Cause, Executive shall be paid, (i) on the date of such termination, a relocation payment in the amount of $15,000.00, which amount shall be subject to applicable withholding, and (ii) following such termination, his Base Annual Salary for a period of twelve (12) months from the date of termination, provided that, such Base Annual Salary shall be payable to Executive in the same amount and at the same intervals as would have been paid had his employment continued, and provided further that all payments of such Base Annual Salary shall be paid to the Executive’s estate in the event of Executive’s death prior to the expiration date of this Agreement.. 

(E)In the event that Executive voluntarily terminates his employment hereunder, Executive’s employment shall cease as of the date provided in Executive’s notice to Employer of 

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his voluntary termination, and thereafter, provided that the Employer shall not then be in material breach of this Agreement, Executive shall not be entitled to any further compensation hereunder.

		
	8.
	Covenants of Executive Not to Compete

Executive acknowledges that with respect to the Business, as defined above, and in the states of New York, New Jersey, Pennsylvania, Connecticut, Massachusetts, Rhode Island, Vermont, New Hampshire and Maine (the “Restricted Area”) (i) the Employer is one of a limited number of entities engaged in the Business; (ii) his services to the Employer are special and unique; (iii) his work for the Employer has given him and will continue to give him access to confidential information concerning the Employer; and (iv) he has the means to support himself and his dependents other than by engaging in the Business of the Employer and the provisions of this Paragraph 8 will not impair such ability.  Accordingly, in order to induce the Employer to enter into this Agreement, Executive covenants and agrees that:

(A)During (i) the course of Executive’s employment by Employer and (ii) for a period of twelve (12) months following the expiration or termination of his employment (the “Restricted Period”) Executive shall not, in the Restricted Area, accept any offer of employment and shall not compete in any manner, either directly or indirectly, including, without limitation, as an employee or independent contractor, investor, partner, shareholder, officer, director, principal, agent or trustee of any entity engaged in casino gaming, in the Restricted Area, without the express written approval of the Employer; provided, however, that ownership of less than five percent (5%) of the shares of a publicly traded company engaged in casino gaming shall not be deemed to violate this Paragraph. 

(B)During the Restricted Period, Executive shall not, directly or indirectly, hire or solicit any employee of the Employer or any of its affiliates or encourage any such employee to leave such employment.

(C)Executive’s obligations under this Paragraph 8 shall survive any termination or expiration this Agreement and Executive’s employment hereunder. 

		
	9.
	Confidential Information

Executive agrees to receive Confidential Information (as hereinafter defined) of the Employer in confidence, and not to disclose to others, assist others in the application of, or use for his own gain, such information, or any part thereof, unless and until it has become public knowledge or has come into the possession of such other or others by legal and equitable means, or he is required to do so by order of a court of competent jurisdiction.  Executive further agrees that, upon termination of his employment with the Employer, all documents, records, notebooks and similar repositories of or containing Confidential Information, including copies thereof, then in Executive’s possession, whether prepared by him or others, will be left with or returned to the Employer.  For purposes of this Paragraph 9, “Confidential Information” means information disclosed to Executive or known by Executive as a consequence of or arising from or out of his employment by the Employer, not generally known in the industry in which the Employer is or may become engaged about the Employer’s Business, products, processes and/or services.  Executive’s obligations under this 

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Paragraph 9 shall survive any termination or expiration of this Agreement and Executive’s employment hereunder.

		
	10.
	Rights and Remedies Upon Breach

Executive acknowledges and agrees that a violation of any provision of Paragraph 8 or 9 of this Agreement (the “Restrictive Covenants”) shall cause irreparable harm to the Employer and the Employer shall be entitled to specific performance of this Agreement or an injunction without proof of special damages, together with costs and attorney’s fees incurred by the Employer in enforcing its rights under this Agreement.  If Executive breaches, or threatens to commit a breach of any of the Restrictive Covenants, the Employer shall have the following rights and remedies, each of which rights and remedies shall be independent of the other and severally enforceable, and all of which rights and remedies shall be in addition to, and not in lieu of, any other rights and remedies available to the Employer under law or in equity:

(A)The right and remedy to have the Restrictive Covenants specifically enforced by any court of competent jurisdiction including, without limitation the right to entry against Executive of restraining orders and injunctions (preliminary, mandatory, temporary and permanent), without proof of special damages, against violations of such covenants, threatened or actual, and whether or not then continuing, it being acknowledged and agreed that any such breach or threatened breach will cause irreparable injury to the Employer and that money damages will not provide an adequate remedy to the Employer; and

(B)The right and remedy to require Executive to account for and pay over to the Employer all compensation, profits, monies, accruals, increments or other benefits derived or received by Executive as the result of any transaction constituting a breach of the Restrictive Covenants.  The Employer may set off any amounts due it under this Paragraph 10(B) against any amounts owed to Executive under Paragraph 4 or 7.
 
		
	11.
	Notice

All notices hereunder shall be in writing.  Any notice, request, information, legal process, or other instrument to be given or served hereunder by any party to another shall be deemed given or served hereunder by any party to the other if either delivered personally or sent by prepaid registered or certified mail, return receipt requested.  Any such notice to the Employer shall be sent to the address set forth in the introductory paragraph of this Agreement to the attention of the President/CEO of the Authority with a copy to the Attorney General of the Tribe.  Any such notice to Executive shall be sent to his then current residential address on file with Employer’s Human Resources Department.  Either party may, through written notice to the other party, change the address of notice as provided in this paragraph.

		
	12.
	Entire Agreement; Modification

Except as otherwise provided herein, this Agreement supersedes and cancels any and all prior agreements between the parties hereto, express or implied, relating to the subject matter hereof.  This Agreement sets forth the entire agreement of the parties hereto with respect to the subject 

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matter hereof.  This Agreement may not be changed, modified, amended or altered except in a writing signed by both parties.

		
	13.
	Non-Waiver

The failure or refusal of either party to insist upon the strict performance of any provision of this Agreement or to exercise any right in any one or more instances or circumstances shall not be construed as a waiver or relinquishment of such provision or right and shall in no way effect such provision or right, nor shall such failure or refusal be deemed a custom or practice contrary to such provision or right.

		
	14.
	Severability

If any paragraph, term or provision of this Agreement shall be held or determined to be unenforceable, the balance of this Agreement shall nevertheless continue in full force and unaffected by such holding or determination.  In addition, in any such event, the parties agree that it is their intention and agreement that any such paragraph, term or provision which is held or determined to be unenforceable as written, shall nonetheless be enforced and binding to the fullest extent permitted by law as though such paragraph, term or provision had been written in such a manner to such an extent as to be enforceable under the circumstances.  Without limitation of the foregoing, with respect to any Restrictive Covenant contained herein, if it is determined that any such provision is excessive as to duration or scope, it is intended that it nonetheless be enforced for such shorter duration or with such narrower scope as will render it enforceable.

		
	15.
	Governing Law

This Agreement shall be construed in accordance with the laws of the State of Connecticut without regard to its conflict of laws provisions.

		
	16.
	Limited Waiver of Sovereign Immunity

The Employer hereby waives its sovereign immunity from suit for claims by the Executive for the enforcement of this Agreement and any remedies for breach thereof.  Nothing herein shall limit the Executive’s right to proceed with any claims otherwise allowed under the laws of the Tribe.  The Employer hereby consents to personal jurisdiction and venue in any court of the State of Connecticut or any federal court sitting in the State of Connecticut, and the Mohegan Gaming Disputes Court, and hereby waives any claim that it may have that such court is an inconvenient forum for the purposes of any proceeding arising under this Agreement as aforesaid and, with respect to a proceeding in a court of the State of Connecticut or a federal court sitting in the State of Connecticut, any requirement that tribal remedies must be exhausted.

		
	17.
	Dispute Resolution

Except as otherwise provided herein, whenever during the term of this Agreement, any disagreement or dispute arises between the parties as to the interpretation of this Agreement or any rights or obligations arising hereunder, such matters shall be resolved, whenever possible, by meeting 

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and conferring.  Any party may request such a meeting by giving notice to the other, in which case such other party shall make itself available within seven (7) days thereafter.  If such matters cannot be resolved within ten (10) days after such meeting, either party may seek a resolution by binding arbitration in accordance with the then prevailing rules of the American Arbitration Association (or any successor thereto to the extent not inconsistent herewith), upon notice to the other party of its intention to do so.  The parties agree that in any such arbitration each party shall be entitled to discovery as provided by the Federal Rules of Civil Procedure.  All hearings shall be conducted in Hartford County, Connecticut within fifteen (15) days after the arbitrator is selected and shall be conducted in his or her presence.  The decision of the arbitrator will be final and binding on the parties.  The costs and expenses of the arbitration shall be shared equally by the parties.

		
	18.
	Gaming Disputes Court Jurisdiction

The parties agree that should any dispute arise under this Agreement or for the enforcement of the arbitration provisions in Paragraph 17, the Mohegan Gaming Disputes Court shall be used as a forum only if a state or federal court denies jurisdiction to (a) enforce the requirement that the parties submit disputes to arbitration as required by Paragraph 17, and (b) enforce the arbitration decision as provided in Paragraph 17.

		
	19.
	Headings

The headings of this Agreement are inserted for convenience only and shall not be considered in construction of the provisions hereof.

		
	20.
	Assignment and Successors; Binding Effect

The rights and obligations of the Employer under this Agreement shall inure to the benefit of and shall be binding upon the successors of the Employer and may be assigned by the Employer, for all or any part of the term hereof, provided that the Employer shall continue to be financially responsible to Executive hereunder.  Executive shall have no right to assign, transfer, pledge or otherwise encumber any of the rights or to delegate any of the duties created by this Agreement without prior written consent of the Employer.  Subject to the foregoing, this Agreement shall be binding upon and inure to the benefit of the Employer, its successors and assigns, and Executive, his heirs and legal representatives.

[BALANCE OF PAGE INTENTIONALLY LEFT BLANK]

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IN WITNESS WHEREOF, the Employer and Executive have executed this Agreement on the date and year first above written.

EMPLOYER:                        EXECUTIVE:

Mohegan Tribal Gaming Authority                

By: /s/ Robert Soper                    /s/ Robert C. Rubenstein
      Robert Soper                    Robert C. Rubenstein
      President/CEO

STATE OF CONNECTICUT  )
    )  ss. Uncasville            July 25, 2016
COUNTY OF NEW LONDON)            

Personally, appeared Robert Soper, President/CEO of the Mohegan Tribal Gaming Authority, an instrumentality of The Mohegan Tribe Indians of Connecticut, signer and sealer of the foregoing instrument, and acknowledged the same to be his free act and deed and the free act and deed of the Mohegan Tribal Gaming Authority, before me.

______________________________
Notary Public
My Commission Expires:
Commissioner of Superior Court

STATE OF UTAH                       )
    )  ss.                 July 25, 2016
COUNTY OF SUMMIT             )            

Personally, appeared Robert C. Rubenstein, signer and sealer of the foregoing, instrument, and acknowledged the same to be his free act and deed, before me.

    
/s/ Joseph Donovan
Notary Public
My Commission Expires: 9/28/2019
                                   Commissioner of Superior Court

10Exhibit

Exhibit 10.23
MEMBERSHIP INTEREST REDEMPTION AND WITHDRAWAL AGREEMENT
This Membership Interest Redemption and Withdrawal Agreement (this “Agreement”), dated as of April 14, 2017 (the “Effective Date”), is entered into between Salishan Company, LLC, a Washington limited liability company (“Salishan”), Salishan-Mohegan, LLC, a Washington limited liability company (“Company”), solely for purposes of Sections 1.03 and 8.11: the Mohegan Tribal Gaming Authority (“MTGA”) and, solely for purposes of Section 1.01(a)(iv), (v) and (vi) and (c)(iv) and (v), and Section 8.11, David Barnett, an individual and, as applicable, as the sole manager of Salishan (“David Barnett”).  The closing of the transactions contemplated by this Agreement (the “Closing”) shall take place simultaneously with the execution of this Agreement.  
RECITALS
A.    Immediately prior to the execution, delivery and performance of this Agreement, Salishan owned 2180 units (the “Membership Interests”) in the Company which represented 40% of the outstanding membership interests of the Company (the “Membership Interests Percentage”).
B.    Salishan and the Company desire that Salishan hereby withdraw from and relinquish all ownership interest (financial, managerial or otherwise) in the Company and that the Company hereby redeem the Membership Interests as set forth herein. 
C.    This Agreement, together with the exhibits attached hereto, has been reviewed by the National Indian Gaming Commission (“NIGC”) without objection.
NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
Article I 
REDEMPTION
Section 1.01    Irrevocable Redemption, Withdrawal and Resignation.  
		
	(a)
	Upon execution and delivery of this Agreement by the parties hereto as of the date of this Agreement, for the consideration described in Section 1.02:

(i)    Salishan has irrevocably tendered for redemption to the Company and the Company has irrevocably accepted such tender and redeemed from Salishan all of Salishan’s right, title and interest in and to the Membership Interests and any and all other equity, ownership or other interest of any nature (including without limitation any claim for return of any capital account, with such amounts constituting Salishan’s capital account included as part of the aggregate Redemption Price (defined below)) in the Company that Salishan may otherwise have (the “Redemption”); 

(ii)    Salishan has resigned and withdrawn as a member of the Company;
(iii)    Notwithstanding any provision to the contrary in the Amended Operating Agreement by and between the Company and its members effective July 23, 2004, as last amended by amendment dated September 14, 2014 (the “Operating Agreement”), the Company and its members have approved and authorized Salishan’s resignation and withdrawal as a member from the Company;
(iv)    David Barnett has resigned as a Manager of the Company and has resigned and withdrawn as a member of the Board of Managers (as defined in the Operating Agreement) and from any other position with or for the Company held by him;
(v)    The Company has approved the Redemption pursuant to Section 9 of the Operating Agreement and David Barnett’s foregoing resignation and withdrawal; and
(vi)    All members of the Company have authorized and approved the Redemption, resignations and withdrawal described above and have delivered such authorization and approval to Salishan and David Barnett, as applicable, as of the Closing.
(b)    All conditions to and all events required to have happened for the effectiveness of the Closing have been satisfied or occurred, as applicable, as of the Closing.
(c)    As a result of the Redemption, and as of the time of the Closing:
(i)    Salishan is no longer a member or a “transferee” within the meaning of the Washington State Limited Liability Company Act, RCW Ch. 25.15 (the “Act”);
(ii)    Salishan has no interest in the Company, including, within the meaning of the Act, any “transferrable interest” or any right to receive any portion any distribution from the Company;
(iii)    Salishan has no lien on or other security interest in any assets of the Company, including, but not limited to, any direct or indirect financial interest in any “management contract” or “management agreement” within the meaning of the Indian Gaming Regulatory Act (including any amendment thereto or modification thereof, a “Management Contract”) with respect to the conduct of any gaming regulated by the Indian Gaming Regulatory Act (“IGRA”) to which the Company is a party;
(iv)    Neither Salishan nor David Barnett has any financial interest in the Company or in any Management Contract to which the Company is a party; and
(v)    David Barnett has no management role or right to participate in any management of the Company or with respect to any Management Contract to which the Company is a party.
(d)    Each of the parties hereto hereby irrevocably waives any and all rights it may now or in the future have to reverse, cancel or annul the Redemption or the foregoing resignations and withdrawals or to assert any claim that the Redemption and such resignations and withdrawals should be reversed, cancelled or annulled, including for any failure of the Redemption Price (defined below) amounts to be determined or the failure of the Company to deliver the Promissory Note (defined below) in accordance with the terms hereof;  provided however, that nothing in this Section 1.01 or elsewhere in this Agreement 

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shall preclude either Salishan or the Company from seeking any remedies available against the other party, whether at law or in equity, for any breach of or material misrepresentation in this Agreement by the other party, and nothing in this Section 1.01 or elsewhere herein shall preclude Salishan from seeking any remedies available against the Company, whether at law or in equity, for any breach of the Promissory Note (hereafter defined), or against MTGA under Section 1.03.
Section 1.02    Redemption Consideration.
(a)    In addition to the other terms and conditions herein and in the Promissory Note (hereafter defined), as consideration for the Redemption, the Company shall pay to Salishan a fixed amount determined pursuant to Section 1.02(b) (the ”Redemption Price”).  The Redemption Price shall be paid to Salishan pursuant to the terms of a promissory note substantially in the form attached hereto as Exhibit A (the ”Promissory Note”), with fixed installment percentages as described in the Promissory Note (the “Installment Percentages”), which Promissory Note shall be modified to incorporate the Redemption Price as finally determined by mutual agreement of the parties or by the arbitrator as further provided herein.
(b)    The parties hereby agree that the Redemption Price (the “Arbitration Issue”) shall be submitted to binding arbitration to be administered by JAMS (“JAMS”), subject to the following procedural provisions:
(i)    Not more than thirty (30) days after the Effective Date, the parties shall initiate arbitration by making a request for a commencement letter from JAMS.  In the event that one party refuses to join in the request, the other party shall make such request not less than thirty one (31) days and not more than forty five (45) days after the Effective Date.  The arbitration proceedings shall be confidential.
(ii)    The arbitration will be before a single neutral arbitrator.  Unless otherwise agreed by the parties, the arbitration shall be conducted in Seattle, Washington on over not more than two (2) days, with equal time split between the parties for the presentation of their respective valuations, any cross examination(s), and any rebuttal.  Any closing arguments will also be completed during such days of arbitration.  The parties may present evidence to the arbitrator relevant to the determination of the Redemption Price, including, without limitation, evidence relating to factors such as regulatory matters governing casino operations, competition, economic conditions and forecasts, potential future development and gaming expansion, and the potential benefits to Salishan under Section 4.01.  Notwithstanding the foregoing, no information or statements shall be presented to the arbitrator as to, nor may the arbitrator consider: a)  the actual performance or financial condition of the gaming and related operations subject to the Management Agreement defined below (or any amendment or restatement thereof); b) any projected or forecasted performance of those operations based on any actual event occurring after the commencement of those operations; c) discounts for lack of marketability of the Membership Interests; d) minority interest discounts relating to the Membership Interests; or e) any fact or circumstance relating to David Barnett which precipitated the parties’ negotiation and execution of this Agreement.  Additionally, as the parties have agreed to utilize the 

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Promissory Note and have agreed that the Redemption Price is to be paid in the Installment Percentages set forth in the Promissory Note, the Redemption Price shall not include any adjustment to present value.
(iii)    The arbitrator shall be one individual who has substantial business experience and who is familiar with and experienced in business valuation of businesses with assets consisting of contracts with revenue streams and shall be chosen from a list of arbitrators provided by JAMS.  In the event that the parties do not agree upon the selection and appointment of the arbitrator within ten (10) calendar days after JAMS issues a list of qualified arbitrators, the arbitrator shall be appointed by JAMS.  
(iv)    The arbitration hearing shall take place within ninety (90) days of selection and/or appointment of the arbitrator.  Each party shall have an opportunity to submit to the arbitrator testimony and documentary support of its proposed resolution of the Arbitration Issue only (the Company’s proposal being the “Company Terms” and Salishan’s proposal being the “Salishan Terms”).  Each party shall have an opportunity to cross examine the witnesses that may testify for the other party and put on additional rebuttal testimony during the arbitration.
(v)    There will be no formal discovery or depositions in the arbitration; rather, each party shall disclose a summary of the testimony of each witness expected to testify and provide a copy of any reports and/or any other documentary evidence that the party will be submitting for consideration to the arbitrator.  This exchange of documentary evidence and summary testimony shall be done no less than twenty (20) days before the scheduled arbitration hearing.  Each party shall disclose a summary of the testimony of any rebuttal witnesses and provide any rebuttal documents no less than ten (10) days before the scheduled arbitration hearing.
(vi)    Notwithstanding the foregoing, the arbitration shall be conducted in a “baseball arbitration” format.  This means that, after conclusion of the testimony by the parties, and considering closing argument, the arbitrator must select either the Company Terms or the Salishan Terms which will then be incorporated into the Promissory Note as the Redemption Price.  The arbitrator must select the proposal which he or she deems most representative of the value of the prospective distributions by the Company to Salishan had Salishan remained a member of the Company under the Operating Agreement through the expiration of the Term (as defined in Section 1.04) of the Management Agreement (as defined in Section 1.03).  Such value shall be calculated generally in accordance with Schedule 1.02(b) by multiplying the Membership Interests Percentage by: the prospective revenue of the Company during such Term, less loan obligations of the Company to Mohegan Ventures-Northwest, LLC (“MVNW” and such loans being “MVNW Loans”), and less other obligations of the Company not to exceed $50,000 per year.  For purposes of this Section 1.02(b)(vi), “revenue” as used in the foregoing sentence shall exclude any amounts paid to the Company as Development Fee under the Development Agreement (which are specially allocated to MVNW under the Operating Agreement) or any amounts paid by the Cowlitz Indian Tribe or Cowlitz Tribal Gaming Authority to the Company as reimbursements or on a pass-through basis for goods or services.  The parties acknowledge that as of March 31, 2017:  principal and accrued interest in the amount of $86,642,720 constitute Developer 

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Advances, as defined under the Development Agreement, owed by the Cowlitz Indian Tribe or Cowlitz Tribal Gaming Authority to the Company; and principal and accrued interest in the amount of $66,482,108 constitute MVNW Loans owed by the Company to MVNW.  The arbitrator may not formulate his or her own Redemption Price, modify the Company Terms or Salishan Terms, nor select a different value or Redemption Price of his/her own devising.  
(vii)    Within ten (10) business days after determination of the Redemption Price pursuant to the arbitration, the Company shall execute and deliver the Promissory Note to Salishan completed in accordance with the results of the arbitration, upon which the parties, in entering into this Agreement, have agreed they will be bound.
(viii)    Each party shall bear its own expenses incurred in connection with the arbitration.  All costs, fees, and expenses of the arbitrator and the conduct of the arbitration shall be borne equally by the parties.  
Section 1.03    Mohegan Tribal Gaming Authority Covenant and Limited Waiver of Sovereign Immunity.  
MTGA, as the sole member of MVNW, owner of 49.15% membership interests in the Company, agrees that, in the event MTGA or Company: (i) misappropriates Company funds; (ii) violates the terms of Section 4.03 of this Agreement; (iii) commits fraud; (iv) voluntarily terminates the Management Agreement (as defined below) under Section 12.1 of the Management Agreement; or (v) takes any actions in bad faith to cause an “Event of Default” under the Management Agreement which results in a Tribal Party (as defined in the Management Agreement) terminating the Management Agreement under Section 12.2 of the Management Agreement (together, the “Prohibited Acts”), which Prohibited Acts directly and proximately result in the failure or inability of the Company to comply with its obligation under this Agreement or the Promissory Note to pay the Redemption Price, then MTGA shall indemnify Salishan for any costs and expenses Salishan reasonably and actually incurs as a result thereof.  Salishan agrees that MTGA’s sole obligation and liability under this Agreement is set forth in this Section 1.03, and in no event shall MTGA be liable to Salishan or any other person for any indirect, consequential or punitive damages that may be alleged as a result of this Section 1.03.  For the purposes of this Agreement, “Management Agreement” shall mean that certain Third Amended and Restated Management Agreement dated December 4, 2015, by and among the Cowlitz Indian Tribe, the Cowlitz Tribal Gaming Authority, and the Company, in the form that has heretofore been submitted for approval by the Chair of the NIGC pursuant to IGRA, as necessarily amended and/or restated in order to complete such approval.
MTGA hereby expressly and irrevocably waives its sovereign immunity (and any defense based thereon) from any suit, action, proceeding or legal process by Salishan in any forum of competent jurisdiction for the purpose of enforcing the terms of this Section 1.03 against the MTGA and enforcing any judgment arising therefrom.

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Section 1.04    Adjustment of Redemption Price.  Notwithstanding anything to the contrary herein, the amount of the Redemption Price and obligations of the Company under the Promissory Note assume approval by the Chair of the NIGC pursuant to IGRA of the period of the “Term” and the percentage amount of the “Management Fee” (as each is defined in the Management Agreement) of the Management Agreement (the “Assumption”).  To the extent that the Assumption proves inaccurate, the parties shall adjust the amount of the Redemption Price and/or Installment Percentages of the Promissory Note pro rata to reduce the same to be reflective of the revised Term of the Management Agreement and/or revised percentage amount of the Management Fee.  The parties shall promptly modify the Promissory Note thereafter to reflect such adjusted terms.  
ARTICLE II     
REPRESENTATIONS AND WARRANTIES OF SALISHAN
Salishan represents and warrants to the Company that the statements contained in this Article II are true and correct as of the date hereof.  For purposes of this Article II, “Salishan’s knowledge,” “knowledge of Salishan” and any similar phrases shall mean the actual or constructive knowledge of the Manager of Salishan, after due inquiry.
Section 2.01    Organization and Authority of Salishan; Enforceability.  Salishan is a limited liability company duly organized, validly existing and in good standing under the laws of the state of Washington.  Salishan has full limited liability company power and authority to enter into this Agreement and the documents to be delivered hereunder, to carry out its obligations hereunder and to consummate the transactions contemplated hereby.  This Agreement and the documents to be delivered hereunder have been duly executed and delivered by Salishan, and (assuming due authorization, execution and delivery by the Company) this Agreement and the documents to be delivered hereunder constitute legal, valid and binding obligations of Salishan, enforceable against Salishan in accordance with their respective terms.
Section 2.02    Ownership of Membership Interests.  Salishan is the sole legal, beneficial, record and equitable owner of the Membership Interests, free and clear of any mortgage, pledge, lien, charge, security interest, claim or other encumbrance of any nature, except for those existing under the Operating Agreement and those in favor of MVNW.
Section 2.03    Legal Proceedings.  Except as previously disclosed to the Company with regard to its action against Paskenta Gaming Group, LLC, there is no claim, action, suit, proceeding or governmental investigation (“Action”) pending or, to Salishan’s knowledge, threatened by or against Salishan or any affiliate of Salishan that challenges or seeks to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement.  No event has occurred or circumstances exist that may give rise or serve as a basis for any such Action.
Section 2.04    No Other Representations or Warranties. Except for the representations and warranties contained in this Article II, neither Salishan nor any member, 

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director, officer, employee or agent of Salishan has made or makes any other express or implied representation or warranty, either written or oral, on behalf of Salishan.  The parties disclaim, waive and release any warranty, whether implied, statutory at common law or otherwise, with respect to the Membership Interests, other than those expressly set forth herein.
ARTICLE III     
REPRESENTATIONS AND WARRANTIES OF THE COMPANY
The Company represents and warrants to Salishan that the statements contained in this Article III are true and correct as of the date hereof.  For purposes of this Article III, the “Company’s knowledge,” “knowledge of the Company” and any similar phrases shall mean the actual or constructive knowledge of any manager of the Company, after due inquiry.
Section 3.01    Organization and Authority of the Company; Enforceability.  The Company is a limited liability company duly organized, validly existing and in good standing under the laws of the state of Washington.  The Company has full limited liability company power and authority to enter into this Agreement and the documents to be delivered hereunder, to carry out its obligations hereunder and to consummate the transactions contemplated hereby.  The execution, delivery and performance by the Company of this Agreement and the documents to be delivered hereunder and the consummation of the transactions contemplated hereby have been duly authorized by all requisite limited liability company action on the part of the Company.  This Agreement and the documents to be delivered hereunder have been duly executed and delivered by the Company, and (assuming due authorization, execution and delivery by Salishan) this Agreement and the documents to be delivered hereunder constitute legal, valid and binding obligations of the Company enforceable against the Company in accordance with their respective terms.
Section 3.02    No Conflicts; Consents.  The execution, delivery and performance by the Company of this Agreement and the documents to be delivered hereunder, and the consummation of the transactions contemplated hereby, do not and will not: (a) violate or conflict with the certificate of formation or Operating Agreement or other organizational documents of the Company; or (b) violate or conflict with any judgment, order, decree, statute, law, ordinance, rule or regulation applicable to the Company.  No consent, approval, waiver or authorization is required to be obtained by the Company from any person or entity (including any governmental authority) in connection with the execution, delivery and performance by the Company of this Agreement and the consummation of the transactions contemplated hereby.
Section 3.03    Legal Proceedings.  There is no Action pending or, to the Company’s knowledge, threatened against or by the Company or any affiliate of the Company that challenges or seeks to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement.  No event has occurred or circumstances exist that may give rise or serve as a basis for any such Action.

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ARTICLE IV     
CONTINUING OBLIGATIONS
Section 4.01    Formation; Operation of NewCo.  At the Closing, the Company and Salishan shall form a new development entity in the form of a Washington limited liability company, such entity to be comprised of the Company (or MVNW and Mohegan Tribal Ventures Washington, LLC, as such members determine) and Salishan as owners, to be owned 40% by Salishan and 60% by the Company (“NewCo”) (provided there shall be no special allocation of development fee to MVNW as contained in the Operating Agreement).  The operating agreement for NewCo shall be delivered at Closing in accordance with Sections 6.01 and 6.02.  Upon the formation of NewCo, the Company shall assign to NewCo the “Right of First Refusal” as defined under that certain Third Amended and Restated Development Agreement by and among the Cowlitz Indian Tribe, the Cowlitz Tribal Gaming Authority, and the Company dated October 1, 2012, as it may be amended, provided that no such amendment shall materially adversely affect the rights to be assigned to NewCo hereunder (the “Development Agreement”), subject to the terms thereof and with the benefit of enforcement provisions thereof, and NewCo shall use reasonable efforts to obtain and deliver at or within a reasonable period following the Closing consent to such assignment from the other parties thereto.  Notwithstanding the foregoing, upon assignment of the Right of First Refusal under the Development Agreement to NewCo, such assignment shall specifically exclude any security interest, and NewCo shall have no security interest, pursuant to the Development Agreement in any funds or assets of the operations which are the subject of the Management Agreement.
Section 4.02    Actions and Operations of Salishan.  For the full term of the Development Agreement, Salishan, along with each of its members, shall be bound by the terms and conditions contained in the Development Agreement applicable to any remaining member of the Company, including but not limited to, any and all restrictive covenants contained therein.  Salishan further covenants that it shall not, and shall cause its manager and affiliates to not, interfere with the Company’s performance of its obligations under the Management Agreement or the Development Agreement.  
Section 4.03    Actions and Operations of Company.  Until such time that the Promissory Note is paid in full and all obligations of the Company hereunder are fully discharged, Company shall not: i) directly or indirectly, take any actions in bad faith that would have the purpose of avoiding payment of the Promissory Note; ii) expand the operations of the Company beyond the management of ilani casino resort under the Management Agreement; or iii) undertake any additional management rights in or responsibilities for or exercise control over any other casino project or other third party business venture.  

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ARTICLE V     
FINANCIAL STATEMENTS
From the Effective Date until the Promissory Note is paid in full and all obligations of the Company hereunder are fully discharged, the Company shall provide to Salishan certified financial statements for the Company no less than annually, within one hundred twenty (120) days after the fiscal year end of the Company.
ARTICLE VI     
CLOSING DELIVERIES
Section 6.01    Salishan’s Deliveries.  As of the Closing, Salishan shall deliver to the Company the following:
(a)    A fully executed transfer power conveying the Membership Interests to the Company, in the form attached hereto as Exhibit B (the “Transfer Power”), executed by Salishan;
(b)    Consent resolutions of the Managers and Members of Salishan, duly adopted and in effect, which authorize the performance of this Agreement and the transactions contemplated hereby, and the names and signatures of the agents of Salishan authorized to sign this Agreement and the documents to be delivered hereunder; 
(c)    Copies of the resignation of David Barnett as a Manager of the Company, as a member of the Board of Managers (as defined in the Operating Agreement) and from any other position with or for the Company held by him, substantially in the form attached hereto as Exhibit C; and
(d)    Certificate of Formation and operating agreement for NewCo as contemplated by Article IV, together with any other appropriate organizational documents, which shall be executed by Salishan. 
Section 6.02    Company’s Deliveries.  As of the Closing, the Company shall deliver, and cause to be delivered, the following to Salishan:
(a)    Consent resolution of the Members and the Board of Managers of the Company, duly adopted and in effect, which authorizes the performance of this Agreement and the transactions contemplated hereby, and the names and signatures of the officers of the Company authorized to sign this Agreement and the documents to be delivered hereunder; 
(b)    Consent resolution of the MTGA, duly adopted and in effect, which authorizes the performance of the limited obligations of MTGA under this Agreement and MTGA’s waiver of sovereign immunity, and the names and signatures of the officers of the MTGA authorized to sign this Agreement for the limited purposes herein; 
(c)    Certificate of Formation and operating agreement for NewCo as contemplated by Article IV, together with any other appropriate organizational documents, which shall be executed by the Company;

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(d)    Assignment of Right of First Refusal under the Development Agreement to NewCo, subject to any required consent by the other parties thereto; and
(e)    If obtained by Closing, consent to Company’s assignment of Right of First Refusal under the Development Agreement to NewCo by all parties thereto.
ARTICLE VII     
SURVIVAL AND INDEMNIFICATION
Section 7.01    Survival of Representations and Covenants.  All representations, warranties, covenants and agreements contained in this Agreement and all related rights to indemnification shall survive the Closing.
Section 7.02    Indemnification By Salishan.  Salishan shall defend, indemnify and hold harmless the Company, its affiliates and their respective stockholders, members, equity owners, directors, managers, officers and employees from and against all claims, judgments, damages, liabilities, settlements, losses, costs and expenses, including attorneys’ fees and disbursements (a “Loss”), arising from or relating to:
(a)    any inaccuracy in or breach of any of the representations or warranties of Salishan contained in this Agreement or any document to be delivered hereunder; or
(b)    any breach or non-fulfillment of any covenant, agreement or obligation to be performed by Salishan pursuant to this Agreement or any document to be delivered hereunder. 
Section 7.03    Indemnification By the Company.  The Company shall defend, indemnify and hold harmless Salishan, its affiliates and their respective Manager and Members from and against all Losses arising from or relating to: 
(a)    any inaccuracy in or breach of any of the representations or warranties of the Company contained in this Agreement or any document to be delivered hereunder; or 
(b)    any breach or non-fulfillment of any covenant, agreement or obligation to be performed by the Company pursuant to this Agreement or any document to be delivered hereunder.
Section 7.04    Right to Set-off.   The Company may at its option set off against the Promissory Note any amounts owed by Salishan or David Barnett to the Company or MVNW pursuant to loans and advances set forth on Schedule 7.04 hereof, and for Losses pursuant to Section 7.02, if any, following judgment on a suit or action that establishes that any such Losses are a result of Salishan’s violation of Section 7.02(a) and/or 7.02(b) (the “Judgment”).  In the event of a Judgment, the Company shall, pending final non-appealable resolution of the Judgment, place into escrow all amounts intended to be set-off against the Promissory Note pursuant to this Section 7.04 until such time that the Judgment is final and not subject to further appeal, after which such amounts shall be disbursed consistent with such final, non-appealable Judgment.

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ARTICLE VIII     
MISCELLANEOUS
Section 8.01    Expenses.  Except for arbitration expenses which shall be treated as set forth in Section 1.02, all costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by the party incurring such costs and expenses.
Section 8.02    Further Assurances.  Following the Closing, each of the parties hereto shall, and shall cause their respective affiliates to, execute and deliver such additional documents, instruments, conveyances and assurances and take such further actions as may be reasonably required to carry out the provisions hereof and give effect to the transactions contemplated by this Agreement.  Each of the parties hereto shall, and shall cause its respective affiliates to, cooperate fully with any review, investigation or action of a regulatory authority with jurisdiction over the Company in connection with any review or approval required or desired by the Company, including, without limitation, approval of the Management Agreement.
Section 8.03    Notices.  All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); (c) on the date sent by facsimile or e-mail of a PDF document (with confirmation of transmission) if sent during normal business hours of the recipient, and on the next Business Day if sent after normal business hours of the recipient or (d) on the third day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid.  Such communications must be sent to the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this Section 8.03): 

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If to Salishan:                                        Salishan Company, LLC 
Attention: David Barnett 
19567 - 27th Avenue N.W. 
Seattle, Washington 98177 
E-mail: jakeybelle@aol.com
with a copy to:                                            Miller Nash Graham & Dunn LLP                             Attention: Chris Masse 
2801 Alaskan Way, Suite 500 
Seattle, WA 98122 
E-mail: christine.masse@millernash.com
and with a copy to:                                    Paskenta Gaming Group, LLC 
Attention: Manager 
2655 Everett Freeman Way                                 Corning, CA 96021                                        E-mail: arico@paskenta.org
and with a copy to:                                    Drummond Woodsum 
Attention: Robert Gipps/Aaron Pratt 
84 Marginal Way, Suite 600,  
Portland, ME 04101-2480 
E-mail: RGips@dwmlaw.com
If to Company:
Salishan-Mohegan, LLC
Attention: President
c/o Mohegan Ventures – Northwest, LLC
1 Mohegan Sun Boulevard
Uncasville, CT 06382
E-mail: drome@mohegansun.com

With a copy to:
Mohegan Tribal Ventures – Washington, LLC
Attention:  Manager
13 Crow Hill Road
Uncasville, CT 06382
E-mail: hwoods@moheganmail.com

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Section 8.04    Headings.  The headings in this Agreement are for reference only and shall not affect the interpretation of this Agreement. 
Section 8.05    Severability.  If any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction.  If a provision is found to be invalid or unenforceable and limiting it would make it valid and enforceable, then it shall be construed and executed as so limited.  If limiting it does not make it valid and enforceable, then it shall be severed and the remainder will remain in full force and effect to the maximum extent permissible.  Notwithstanding the foregoing, this Section shall be subject to Section 1.04, and in the event of a conflict between this Section 8.05 and Section 1.04, Section 1.04 shall control.  
Section 8.06    Entire Agreement.  This Agreement, the Promissory Note, and the documents to be delivered hereunder constitute the sole and entire agreement of the parties to this Agreement with respect to the subject matter contained herein, and supersede all prior and contemporaneous understandings and agreements, both written and oral, with respect to such subject matter.  In the event of any inconsistency between the statements in the body of this Agreement and those in the Exhibits and documents to be delivered hereunder, the statements in the body of this Agreement will control. 
Section 8.07    Successors and Assigns.  This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns.  Neither party may assign its rights or obligations hereunder without the prior written consent of the other party, which consent shall not be unreasonably withheld or delayed.  No assignment shall relieve the assigning party of any of its obligations hereunder.
Section 8.08    No Third-Party Beneficiaries.  Except as otherwise provide in Article VII, This Agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other person or entity any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.
Section 8.09    Amendment and Modification.  This Agreement may only be amended, modified or supplemented by an agreement in writing signed by each party hereto.
Section 8.10    Waiver.  No waiver by any party of any of the provisions hereof shall be effective unless explicitly set forth in writing and signed by the party so waiving. No waiver by any party shall operate or be construed as a waiver in respect of any failure, breach or default not expressly identified by such written waiver, whether of a similar or different character, and whether occurring before or after that waiver.  No failure to exercise, or delay in exercising, any right, remedy, power or privilege arising from this Agreement shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of any right, 

13

remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. 
Section 8.11    Governing Law; Venue; Waiver of Exhaustion of Tribal Remedies.  This Agreement shall be governed by and construed in accordance with the internal laws of the State of Washington without giving effect to any choice or conflict of law provision or rule (whether of the State of Washington or any other jurisdiction).  Except for the Arbitration Issue which shall be resolved in accordance with Section 1.02 hereof, venue for any suit, action, or proceeding arising under or based upon this Agreement, including, without limitation, the enforcement of any arbitration award, shall lie in a court of competent jurisdiction located in King County, Washington, and appellate courts therefrom (the “Chosen Courts”).  Each of the parties hereto hereby irrevocably submits to the exclusive jurisdiction (in personam or otherwise) of the Chosen Courts and hereby waives, and agrees not to assert, as a defense in any such legal proceeding that it is not subject thereto or that such legal proceeding may not be brought or is not maintainable in the Chosen Courts, or that this Agreement may not be enforced in or by such courts, and the parties hereto irrevocably agree that all claims for specific performance or injunctive relief with respect to any such legal proceeding shall be heard and determined in the Chosen Courts and irrevocably agree to be bound by the decisions of such Chosen Courts.  Each party hereto hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the in personam jurisdiction or the laying of venue in any legal proceeding arising out of this Agreement in any Chosen Court.  Each party hereto irrevocable waives to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such legal proceeding or claim in such court.  Each party foregoes the jurisdiction of any tribal court or tribal forum that may have jurisdiction and agrees that any final non-appealable judgment, arbitration award or non-appealable order in any such actions or proceedings may be enforced by any Chosen Court.  Each party hereby unconditionally and irrevocably waives, to the fullest extent it may legally and effectively do so, any right it may otherwise have to require that any legal proceeding or claim be considered or heard first in any tribal court or tribal forum, now or hereafter existing, whether because of the doctrine of exhaustion of tribal remedies or as a matter of comity or abstention, waives any claim or right it may possess to the exercise of jurisdiction by any tribal court or tribal forum and will not commence any such legal proceeding or claim in any tribal court or tribal forum without the consent of the other parties to such legal proceeding.
Section 8.12    Waiver of Jury Trial.  Each party acknowledges and agrees that any controversy which may arise under this Agreement is likely to involve complicated and difficult issues and, therefore, each such party irrevocably and unconditionally waives any right it may have to a trial by jury in respect of any legal action arising out of or relating to this Agreement or the transactions contemplated hereby.
Section 8.13    Waiver of Sovereign Immunity by the Company. The Company hereby expressly and irrevocably waives its sovereign immunity (and any defense based thereon) from any suit, action, proceeding or legal process by Salishan in any forum of 

14

competent jurisdiction for the purpose of enforcing the terms and conditions of this Agreement and the enforcement of any judgement arising therefrom.  
Section 8.14    Not a Management Contract and No Proprietary Interest.  The parties agree that this Agreement does not constitute or modify a Management Contract, nor does it deprive the Cowlitz Indian Tribe of its sole proprietary interest in and responsibility for the conduct of gaming within the meaning of IGRA on the Cowlitz Indian Reservation.  
Section 8.15    Counterparts.  This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same agreement.  A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement. 
[Signatures on following page]

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first written above by their respective officers thereunto duly authorized.

                    

Salishan Company, LLC
By /s/ David Barnett
David Barnett, Manager

Salishan-Mohegan, LLC
By /s/ Kevin P. Brown
Name: Kevin P. Brown
Title:    Manager

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Solely for purposes of Section 1.03 and Section 8.11:
Mohegan Tribal Gaming Authority

By /s/ Kevin P. Brown
Name: Kevin P. Brown
Title:    Manager

Solely for purposes of Section 1.01(a)(iv), (v) and (vi) and (c)(iv) and (v), and Section 8.11:

/s/ David Barnett
David Barnett

17

Exhibit A
Promissory Note

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PROMISSORY NOTE
$114,800,000    Effective Date:  April 14, 2017
    
For value received, SALISHAN-MOHEGAN, LLC, a Washington limited liability company ("Maker"), promises to pay to SALISHAN COMPANY, LLC, a Washington limited liability company ("Holder"), or order, the principal sum of One Hundred Fourteen Million Eight Hundred Thousand and 00/100 DOLLARS ($114,800,000) (“Redemption Price”) pursuant to the terms set forth below.  This Note is being delivered pursuant to Section 1.02(b) of that certain Membership Interest Redemption and Withdrawal Agreement dated April 14, 2017 among Maker, Holder and, for the limited purposes therein, the Mohegan Tribal Gaming Authority and David Barnett (the “Redemption Agreement”).  Notwithstanding anything to the contrary herein, all obligations of Maker under this Note shall be subject to Section 1.04 of the Redemption Agreement.
1.Payments.  The amounts due under this Note shall be paid as follows:
		
	a.
	0% of the Redemption Price shall be paid in 12 equal monthly installments, payable on or before the first day of each month following the Effective Date hereof until the first anniversary of the Effective Date;

		
	b.
	0% of the Redemption Price shall be paid in 12 equal monthly installments, payable on or before the first day of each month following the first anniversary of the Effective Date until the second anniversary of the Effective Date;

		
	c.
	20% of the Redemption Price shall be paid in 12 equal monthly installments, payable on or before the first day of each month following the second anniversary of the Effective Date until the third anniversary of the Effective Date;

		
	d.
	20% of the Redemption Price shall be paid in 12 equal monthly installments, payable on or before the first day of each month following the third anniversary of the Effective Date until the fourth anniversary of the Effective Date;

		
	e.
	20% of the Redemption Price shall be paid in 12 equal monthly installments, payable on or before the first day of each month following the fourth anniversary of the Effective Date until the fifth anniversary of the Effective Date;

		
	f.
	20% of the Redemption Price shall be paid in 12 equal monthly installments, payable on or before the first day of each month following the fifth anniversary of the Effective Date until the sixth anniversary of the Effective Date; and

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	g.
	20% of the Redemption Price, together with such other amounts due hereunder, shall be paid in 12 equal monthly installments, payable on or before the first day of each month following the sixth anniversary of the Effective Date until the Maturity Date, together with such other amount(s) due hereunder.

Maker shall make all payments in immediately available funds, without condition or deduction for any reason.  Maker and Holder hereby acknowledge and agree that although no interest is expressly payable by Maker hereunder, interest will be imputed using the April 2017 Mid Term annual applicable federal rate and Maker and Holder shall report interest accordingly.
2.Maturity Date.  If not sooner paid, the entire unpaid principal balance on this Note, plus any other amounts due hereunder, shall immediately be due and payable, without notice or demand, on the seventh anniversary of the Effective Date (the "Maturity Date").
3.Set-off.  Section 7.04 of the Redemption Agreement contains a right of set-off in favor of Maker.  Subject to the terms and conditions under Section 7.04 of the Redemption Agreement, Maker's payment obligations under this Note are expressly subject to such right, and all amounts set-off in accordance with Section 7.04 of the Redemption Payment shall be treated as payments hereunder for all purposes.
4.Events of Default.  Each of the following shall constitute an Event of Default under this Note:  
		
	(a)
	The failure of Maker to make any payment according to the terms of this Note where such failure is not fully cured within five (5) calendar days after Holder has provided written notice to Maker;

		
	(b)
	The liquidation or dissolution of Maker;

		
	(c)
	Maker’s material breach or material default of any provision of the Redemption Agreement where such breach or default is not fully cured and corrected within thirty calendar (30) days after Holder has provided written notice to Maker; provided, however, that such period shall be extended for an additional period of up to thirty calendar (30) days if the Maker is unable to cure within the initial thirty calendar (30) day period so long as such cure is diligently pursued by Maker until such breach or default had been corrected, but in no event shall such cure period be extended beyond the aggregate total of sixty (60) consecutive days after the notice of breach from Holder;

		
	(d)
	If, pursuant to or within the meaning of the United States Bankruptcy Code or any other federal or state law relating to insolvency or relief of debtors (a “Bankruptcy Law”), Maker shall (i) commence a voluntary case or 

20

proceeding; (ii) consent to the entry of an order for relief against Maker in an involuntary case; (iii) consent to the appointment of a trustee, receiver, assignee, liquidator or similar official; (iv) make an assignment for the benefit of its creditors; or (v) admit in writing its inability to pay its debts as they become due; or
		
	(e)
	If a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that (i) is for relief against Maker in an involuntary case, or (ii) appoints a trustee, receiver, assignee, liquidator or similar official for Maker or substantially all of Maker’s properties.

5.Notice by Maker.  Maker shall notify Holder in writing within five (5) calendar days after Maker acquires knowledge of the occurrence of any Event of Default.
6.Remedies upon Default.  Upon the occurrence of an Event of Default hereunder, Holder may, at its option, (i) by written notice to Maker, declare the entire unpaid balance of this Note immediately due and payable regardless of any prior forbearance, and (ii) exercise any and all rights and remedies available to it under applicable law, including, without limitation, the right to collect from Maker all sums due under this Note.  The rights and remedies of Holder under this Note shall be cumulative and not alternative.  No waiver by Holder of any right or remedy under this Note shall be effective unless in a writing signed by Holder.  No amendment of this Note may be made without the written consent of Maker and Holder.  Neither the failure nor any delay in exercising any right, power or privilege under this Note will operate as a waiver of such right, power or privilege and no single or partial exercise of any such right, power or privilege by Holder will preclude any other or further exercise of such right, power or privilege or the exercise of any other right, power or privilege.  To the maximum extent permitted by applicable law, (a) no claim or right of Holder arising out of this Note can be discharged by Holder, in whole or in part, by a waiver or renunciation of the claim or right unless in a writing signed by Holder; (b) no waiver that may be given by Holder will be applicable except in the specific instance for which it is given; and (c) no notice to or demand on Maker will be deemed to be a waiver of any obligation of Maker or of the right of Holder to take further action without notice or demand as provided in this Note.
7.Presentment, Etc.  Maker waives presentment for payment, demand, notice of nonpayment, notice of dishonor, protest of any dishonor, notice of protest, and acceptance of this Note, and all other demands or notices of any sort whatsoever with respect to the delivery, acceptance, or performance of this Note or otherwise.  Maker agrees that Maker's liability shall not in any manner be affected by any indulgence, extension of time, renewal, waiver or modification granted or consented to by Holder.  To the fullest extent permitted by law, Maker waives the defense of the statute of limitations with respect to collection of amounts owing under this Note.  Maker further waives, to the fullest extent permitted by law, the right to plead any and all statutes of limitations as a defense to any demand on this Note, or any agreement now or hereafter securing this Note.  Maker expressly agrees that, without in any way affecting the liability of Maker under this Note, Holder may (without 

21

notice, consent or consideration) extend any maturity date or the time for payment of any amount due under this Note, accept additional security, release any party liable under this Note or any guarantor of this Note, and release any security now or hereafter securing this Note.
8.Prepayment.  Maker may prepay all or any portion of the unpaid principal balance without penalty.  
9.Costs and Attorneys’ Fees.  Maker agrees to reimburse Holder for all reasonable costs of collection or enforcement of this Note, whether or not suit is filed (including but not limited to reasonable attorneys’ fees), incurred by Holder.  If suit or action is filed on this Note, and Holder prevails in a final non-appealable judgement on such suit or action, Maker shall pay Holder's reasonable attorneys’ fees, expenses, and costs in such suit or action or on any appeal therefrom, including, but not limited to, all reasonable fees and expenses incurred at trial, on appeal, on petition of review, in connection with arbitration or mediation, and in a bankruptcy proceeding of any nature.
10.Time is of the Essence.  Time is of the essence with regard to the performance of the obligations of Maker in this Note and each and every term, covenant and condition herein by or applicable to Maker.
11.Notices.  Any notices required or permitted under this Note shall be given as provided in Section 9.03 of the Redemption Agreement.
12.Assignment.  Maker may not assign its rights or obligations under this Note without the prior written consent of Holder.  Holder may assign its rights and obligations under this Note without Maker’s consent in connection with the liquidation and dissolution of Holder, provided that Holder promptly notify Maker of any such assignment.  Any other assignment by Holder will require the prior written consent of Maker.  If Holder assigns its rights and obligations under this Note, the term “Holder” as used herein shall refer to the assignee or assignees.
13.Section Headings; Construction.  The headings of Sections in this Note are provided for convenience only and will not affect its construction or interpretation.  All words used in this Note will be construed to be of such gender or number as the circumstances require.  Unless otherwise expressly provided, the words “hereof” and “hereunder” and similar references refer to this Note in its entirety and not to any specific section or subsection hereof.  Unless expressly provided otherwise, “including” means “including without limitation”; “or” is used in the inclusive sense of “and/or”; and “any” means “any and all”.  This Note was negotiated by Maker and Holder with the benefit of legal representation, and any rule of construction or interpretation otherwise requiring this Note to be construed or interpreted against any person will not apply to any construction or interpretation of this Note.
14.Entire Agreement.  This Note, together with the Redemption Agreement, constitute the entire agreement between Maker and Holder pertaining to the subject matter 

22

hereof and thereof and fully supersede any and all prior or contemporaneous agreements or understandings pertaining to such subject matter.
15.Severability.  If any provision in this Note is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this Note will remain in full force and effect.  Any provision of this Note held invalid or unenforceable only in part or degree will remain in full force and effect to the extent not held invalid or unenforceable.
16.Governing Law; Venue; Waiver of Exhaustion of Tribal Remedies.  This Note shall be governed by and construed in accordance with the internal laws of the State of Washington without giving effect to any choice or conflict of law provision or rule (whether of the State of Washington or any other jurisdiction).  Venue for any suit, action, or proceeding arising under or based upon this Note, including, without limitation, the enforcement of any arbitration award, shall lie in a court of competent jurisdiction located in King County, Washington, and appellate courts therefrom (the “Chosen Courts”).  The parties hereby irrevocably submit to the exclusive jurisdiction (in personam or otherwise) of the Chosen Courts and hereby waive, and agree not to assert, as a defense in any such legal proceeding that it is not subject thereto or that such legal proceeding may not be brought or is not maintainable in the Chosen Courts, or that the Note may not be enforced in or by such courts, and the parties irrevocably agree that all claims for specific performance or injunctive relief with respect to any such legal proceeding shall be heard and determined in the Chosen Courts and irrevocably agree to be bound by the decisions of such Chosen Courts.  Each party hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the in personam jurisdiction or the laying of venue in any legal proceeding arising out of this Note in any Chosen Court.  Each party irrevocable waives to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such legal proceeding or claim in such court.  Each party foregoes the jurisdiction of any tribal court or tribal forum that may have jurisdiction and agrees that any final non-appealable judgment, arbitration award or non-appealable order in any such actions or proceedings shall be conclusive and may be enforced by any Chosen Court. Each party hereby expressly, unconditionally and irrevocably waives, to the fullest extent it may legally and effectively do so, any right it may otherwise have to require that any legal proceeding or claim be considered or heard first in any tribal court or tribal forum, now or hereafter existing, whether because of the doctrine of exhaustion of tribal remedies or as a matter of comity or abstention, waives any claim or right it may possess to the exercise of jurisdiction by any tribal court or tribal forum and will not commence any such legal proceeding or claim in any tribal court or tribal forum without the consent of the other parties to such legal proceeding.
17.Waiver of Sovereign Immunity. Maker hereby expressly and irrevocably waives sovereign immunity of Maker (and any defense based thereon) from any suit, action, proceeding or legal process by Holder in any forum of competent jurisdiction for the purpose of enforcing the terms and conditions of this Note, and the enforcement of any judgement arising therefrom.  
[Signature on following page.]

23

18.STATUTORY NOTICE.  MAKER ACKNOWLEDGES THAT ORAL AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, EXTEND CREDIT, OR TO FORBEAR FROM ENFORCING REPAYMENT OF A DEBT ARE NOT ENFORCEABLE UNDER WASHINGTON LAW.
This Note is hereby DATED and made EFFECTIVE as of the Effective Date.
	
		
	 
	MAKER:

SALISHAN-MOHEGAN, LLC

By:  /s/ Kevin P. Brown
Its:  Kevin P. Brown, Manager

 
4830-6014-9572.7 

24

Exhibit B
Transfer Power

25

UNIT TRANSFER POWER

FOR VALUE RECEIVED, the receipt and sufficiency of which is hereby acknowledged, Salishan Company, LLC (“Company”) does hereby sell, assign, transfer, and convey unto Salishan-Mohegan LLC (“Sal-Mo”) all of Company’s right, title, and interest in and to the entirety of Company’s units of Sal-Mo, a Washington limited liability company, which units are uncertificated. 
Company does hereby irrevocably constitute and appoint Thomas P. Burke, Mario Kontomerkos, and David Rome, Secretary, Treasurer and Counsel of Sal-Mo, respectively, and each of them, as Company’s attorney-in-fact to transfer the said units on the books of Sal-Mo, with full power of substitution in the premises.

Dated: 4/14/17

	
		
	 
	Salishan Company, LLC

/s/ David E. Barnett   
David E. Barnett, Manager

4833-8876-6790.3 

26

Exhibit C
David Barnett Resignations and Withdrawals

27

RESIGNATION OF MANAGER
OF
SALISHAN-MOHEGAN LLC

The undersigned, being a Manager of Salishan-Mohegan, LLC, a Washington limited liability company ("Sal-Mo"), hereby resigns as a Manager and withdraws from Sal-Mo’s Board of Managers, effective as of the Closing of that certain Membership Interest Redemption and Withdrawal Agreement, dated April 14, 2017, by and among Salishan Company, LLC, a Washington limited liability company; Sal-Mo; the Mohegan Tribal Gaming Authority, an instrumentality of the Mohegan Tribe of Indians of Connecticut; and David Barnett, an individual.

/s/ David E. Barnett
David E. Barnett, Manager

4833-4262-9446.3 

28

	
														
	 
	 
	 
	 
	Schedule 1.02(b)
	 
	 
	 
	 

	Salishan Company
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Redemption Price Calculation
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Management Fees (Term/Fee Assumption)
	 XXXXXX 
	[Subject to presentation of evidence by the parties contemplated under Section 1.02(b)(ii)]

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	PLUS
	+
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Repayment of Developer Advances
	$
	86,642,720
	

	[As of March 31, 2017]

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	PLUS
	+
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Interest Income on Developer Advances
	 YYYYYY 
	[Interest accrual from April 1, 2017 until repaid subject to presentation of evidence by the parties]

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	LESS
	—
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	MVNW Loans
	$
	66,482,108
	

	[As of March 31, 2017]

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	LESS
	0
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Interest Expense on MVNW Loans
	 ZZZZZZ 
	[Interest accrual from April 1, 2017 until repaid subject to presentation of evidence by the parties]

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	LESS
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Other Obligations
	 OOOOO 
	[Other Obligations not to exceed $50,000 per year]

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	EQUALS
	=
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Value of Company
	#VALUE!
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	MULTIPLIED BY
	X
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Membership Interests Percentage
	40.00%
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	EQUALS
	=
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Redemption Price
	#VALUE!
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

29

Schedule 7.04

Amounts Due from Salishan to the Company

Promissory Note dated May 20, 2005, in the original principal amount of $500,000 and with accrued interest, having a balance as of February 28, 2017 of $1,275,564.18. 

Advances (not exceeding $100,000 in the aggregate) by the Company prior to the Effective Date on behalf of Salishan and/or its members for NIGC and/or State of WA and/or Tribal Gaming Commission investigation fees and costs, including attorneys’ fees, required by such gaming regulatory authority to be paid by the applicant/member and not as a Developer Advance under the Development Agreement.  Salishan and/or its members shall retain the obligation for such fees and costs to the extent unpaid after the Effective Date. 

Amounts payable from David Barnett to MVNW pursuant to one or more loan agreement(s) and promissory note(s) from David Barnett to MVNW, whether now existing or hereafter executed (“Barnett Loans”).  Until paid, 47.325% of the amounts payable by the Company to Salishan under the Promissory Note, together with any additional portion of such payment that is distributable from Salishan to David Barnett, may be off-set against amounts payable under the Barnett Loans to MVNW.  

4833-3967-8787.26 

30

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