Document:

Exhibit 10.11

 

Sixth Amendment
to

Master Video Lottery Terminal Contract

 

This Sixth Amendment
to Master Video Lottery Terminal Contract (this “Sixth Amendment”) is made and entered into on this 3rd day
of May, 2017, by and between the Division of Lotteries of the Rhode Island Department of Revenue, an agency of the State of Rhode
Island, with its principal address at 1425 Pontiac Avenue, Cranston, Rhode Island 02920 (the “Division”) and
UTGR, Inc., a Delaware corporation with its principal office located at 100 Twin River Road Lincoln, Rhode Island 02865 (“UTGR”),
and amends that certain Master Video Lottery Terminal Contract by and between the Division and UTGR dated as of July 18, 2005,
as amended by that certain First Amendment to Master Video Lottery Terminal Contract by and between the Division and UTGR dated
November 4, 2010 (the “First Amendment”), that certain Second Amendment to Master Video Lottery Terminal Contract
by and between the Division and UTGR dated May 3, 2012 (the “Second Amendment”), that certain Third Amendment
to Master Video Lottery Terminal Contract by and between the Division and UTGR dated September 18, 2012 (the “Third Amendment”),
that certain Fourth Amendment to Master Video Lottery Terminal Contract by and between the Division and UTGR dated July 1, 2014
(the “Fourth Amendment”) and that certain Fifth Amendment to Master Video Lottery Terminal Contract by and between
the Division and UTGR dated May 2, 2017 (the “Fifth Amendment”), as so amended and referred to herein as the
“Master Contract” or “UTGR Master Contract.”). The Division and UTGR are referred to herein collectively
as the “Parties,” and individually, as a “Party.” This Sixth Amendment shall take effect
upon the date first set forth above.

 

WITNESSETH:

 

WHEREAS, the Division
and UTGR entered into the Master Contract, which Master Contract has been previously amended as indicated above;

 

WHEREAS, during the
2016 Legislative Session of the Rhode Island General Assembly, the State of Rhode Island enacted into law 2016 – S 2081
Substitute A and 2016 – H 7228 Substitute A, identical bills, both of which are entitled “An Act Relating
to Sports, Racing, and Athletics – Authorizing State-Operated Gaming at a Facility in Tiverton,” and both of which
were signed by the Governor of Rhode Island on March 4, 2016 (the “2016 Gaming Act”); and

 

WHEREAS, Section 11
of the 2016 Gaming Act authorized and directed the Division to enter into with UTGR an amendment to the Master Contract to effectuate
the purposes of the 2016 Gaming Act, and and described that amendment as the “Fifth Amendment” to the Master Contract;
and

 

WHEREAS, as set forth
in the first paragraph above, a Fifth Amendment was previously entered into by the Parties effective May 2, 2017 and therefore
Section 11 of the 2016 Gaming Act should have authorized a “Sixth Amendment” to the Master Contract as opposed
to a “Fifth Amendment” to the Master Contract.

 

WHEREAS, the amendments
to the Master Contract called for by Section 11 of the 2016 Gaming Act are set forth in this Sixth Amendment.

 

    	 	 	 

     

    

 

NOW, THEREFORE, in
consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
and in consideration of the mutual promises, covenants, obligations and conditions herein contained, UTGR and the Division hereby
agree as follows:

 

		1.	Definitions and Interpretation.

 

		1.1	References to the “Agreement” contained in this Sixth Amendment shall mean the UTGR
Master Contract, as defined above.

 

		1.2	The Parties hereby acknowledge and agree that all references in the Agreement, as amended by this
Sixth Amendment, to “Table Games” shall have the meaning given the term in Rhode Island General Laws §42-61.2-1(11)
and as operated by the Division on the date hereof.

 

		1.3	The Parties further acknowledge and agree that all references in the Agreement, as amended by this
Sixth Amendment, to “Authorized Machines” shall be interpreted to mean Additional Authorized VLTs together with Existing
Authorized VLTs, as those terms are defined in the Agreement.

 

		1.4	The Parties further acknowledge and agree that all references in the Agreement, as amended by this
Sixth Amendment, to “Twin River-Tiverton” shall be interpreted to mean Twin River-Tiverton LLC, a Delaware Limited
Liability Company, being the successor to Newport Grand, LLC. Pursuant to that certain Assignment and Assumption of Master Video
Lottery Terminal Contract (“Assignment”) entered into by and between Newport Grand, L.L.C., a Rhode Island limited
liability company and Premier Entertainment II, LLC, a Delaware limited liability company (and, for the sole purposes of Section 10
thereof, the Division of Lotteries) dated July 14, 2015 Newport Grand, L.L.C. assigned to Premier Entertainment II, LLC all of
its right, title and interest in and to the Master Video Lottery Terminal Contract dated November 23, 2005, as amended and/or extended
from time to time, by and between the Division of Lotteries of the Rhode Island Department of Revenue, an agency of the State of
Rhode Island and Premier Entertainment II, LLC d/b/a Newport Grand, a Delaware limited liability company. All references in the
Agreement, as amended by this Sixth Amendment, to “Twin River-Tiverton” shall include its permitted successors and
assigns under said Master Video Lottery Terminal Contract.

 

		1.5	Any capitalized terms used in this Sixth Amendment but not defined herein shall have the meaning
as defined in the Agreement and/or applicable law, including but not limited to the 2016 Gaming Act.

 

		2.	Extension of Term.

 

		2.1	Pursuant to Section 2.5 of the Agreement, UTGR had the right to, and did, properly exercise its
option to extend the term of the Agreement for the First Extension Term and the Second Extension Term, which Second Extension Term
commenced on July 18, 2015 and shall continue through and include July 17, 2020.

 

    	 	2 	 

     

    

 

		2.2	Pursuant to and in accordance with Section 11(a) of the 2016 Gaming Act, UTGR shall have the right
and option to further extend the term of the Agreement, as amended by this Sixth Amendment, for two (2) additional terms of five
(5) years each (the “Extension Terms”). The first of the two (2) Extension Terms would commence on July 18,
2020, and continue until July 17, 2025, and the second of the Extension Terms would commence on July 18, 2025, and continue until
July 17, 2030; provided, however, the exercise of the option to extend for each of the Extension Terms shall be subject to the
terms and conditions of Section 2.5 of the Agreement, as that section has been amended and may hereafter be amended from time to
time.

 

		3.	Allocation of Video Lottery Net Terminal Income
and Net Table Game Revenue.

 

		3.1	Pursuant to and in accordance with Section 11(b) of the 2016 Gaming Act, the Parties agree that
the Agreement is hereby amended by replacing the current title of Section 3 of the Agreement i.e. “Allocation of Video Lottery
Net-Terminal Income” with the title “Allocation of Video Lottery Net Terminal Income and Net Table-Game Revenue to
UTGR” and by adding the following new Section 3.6:

 

“3.6    Beginning on the
date that a facility in the town of Tiverton, Rhode Island owned by Twin River-Tiverton offers patrons Video Lottery Games and
Table Games, UTGR shall be entitled to receive 83.5% of the net table-game revenue generated at “Twin River” (as defined
in Section 1.2 of the First Amendment).”

 

		3.2	Pursuant to and in accordance with Sections 11(c) and (d) of the 2016 Gaming Act, the Parties agree
that the Agreement is hereby amended by adding the following new Section 3A:

 

“3A.   Allocation of Video
Lottery Net Terminal Income and Net Table-Game Revenue to the town of Lincoln, Rhode Island

 

3A.l     With
respect to the Authorized Machines, the town of Lincoln, Rhode Island shall continue to receive 1.45% of the Net Terminal Income
from the Authorized Machines at Twin River, as it has been receiving since July 1, 2013.

 

3A.2    In
addition to the amount set forth in Section 3A.1, beginning on the date that a facility in the town of Tiverton, Rhode Island owned
by Twin River-Tiverton offers patrons Video Lottery Games and Table Games, the town of Lincoln, Rhode Island shall be entitled
to receive 1% of the net table-game revenue generated at Twin River; provided however, that beginning with the first State fiscal
year that such Tiverton facility offers patrons Video Lottery Games and Table Games for all of such State fiscal year, for that
State fiscal year and each subsequent State fiscal year that such Tiverton facility offers patrons Video Lottery Games and Table
Games for all of such State fiscal years, if the town of Lincoln, Rhode Island has not received an aggregate of $3,000,000 in the
State fiscal year from net table-game revenues and Net Terminal Income, combined, generated by Twin River, then the State shall
make up such shortfall to the town of Lincoln, Rhode Island out of the State’s percentage of net table-game revenue and Net
Terminal Income (so that the town of Lincoln, Rhode Island receives, after accounting for the State’s make-up of such shortfall,
an aggregate of $3,000,000 from net table-game revenues and Net Terminal Income, combined, with respect to such State fiscal year);
provided further, however, if in any State fiscal year either Video Lottery Games or Table Games are no longer offered at the Tiverton
facility, then the State shall not be obligated to make up the shortfall referenced in this Section 3A.2 to the town of Lincoln,
Rhode Island.

 

    	 	3 	 

     

    

 

3A.3    After
the date that Video Lottery Games and Table Games are offered to patrons at the Tiverton facility owned by Twin River-Tiverton,
if this Agreement expires or otherwise terminates for any reason prior to the day that would have been the last day of this Agreement
had all extension options been exercised and said extension terms continued until their natural expiration (the “Last Possible
Day of the UTGR Master Video Lottery Terminal Contract”), then, notwithstanding such expiration or termination of this Agreement,
provided: (1) Video Lottery Games and Table Games continue to be offered at Twin River; and (2) Video Lottery Games and Table
Games continue to be offered at the Tiverton facility owned by Twin River-Tiverton, until the end of such Last Possible Day of
the UTGR Master Video-Lottery Terminal Contract, the percentage of Net Terminal Income and the percentage of net table-game revenue
allocated to the town of Lincoln, Rhode Island shall continue to be the same percentage in each case, and shall continue to be
subject to the same $3,000,000 minimum annual guarantee, as set forth in Section 3A.2. If either of the aforementioned conditions
(1) and (2) (or both) of this Section 3A.3 no longer applies, the aforementioned $3,000,000 minimum annual guarantee to the town
of Lincoln, Rhode Island shall no longer apply. Without affecting other provisions of this Agreement that continue in effect notwithstanding
the expiration or earlier termination thereof, the State and the town of Lincoln, Rhode Island agree that this Section 3A.3 shall
continue in effect notwithstanding the expiration or earlier termination of this Agreement.”

 

		4.	Miscellaneous.

 

		4.1	Except as modified in this Sixth Amendment, all other terms of the Agreement shall remain in full
force and effect and are hereby ratified and confirmed.

 

		4.2	This Sixth Amendment contains the entire agreement by and between the Parties and supersedes and
replaces all prior understandings or agreements (if any), oral or written, with respect to the subject matter hereof.

 

		4.3	This Sixth Amendment may be executed by the Parties hereto in counterparts, each of which shall
be deemed an original and all of which together shall constitute one and the same instrument.

 

[Signatures on Following Page]

 

    	 	4 	 

     

    

 

IN WITNESS WHEREOF,
the Parties have executed this Sixth Amendment to be signed by their duly-authorized representatives on the date first set forth
above.

 

	 	UTGR, INC.
	 	 
	 	By: 	/s/ Craig L. Eaton
	 	Name: 	Craig L. Eaton,
	 	Title: 	Senior Vice President
	 	 
	 	DIVISION OF LOTTERIES OF THE RHODE ISLAND DEPARTMENT OF REVENUE
	 	 
	 	By:	 /s/ Gerald S. Aubin
	 	Name: 	Gerald S. Aubin,
	 	Title: 	Director

 

	PURSUANT TO SECTIONS 11(C) AND (D) OF THE 2016 GAMING ACT, THE TOWN OF LINCOLN, RHODE ISLAND IS ADDED AS A SIGNATORY TO THIS SIXTH AMENDMENT SOLELY FOR THE PURPOSE OF BEING MADE A BENEFICIARY OF SECTION 3A OF THE AGREEMENT, AS ADDED PURSUANT TO SECTION 3.2 OF THIS SIXTH AMENDMENT	 
	 	 
	THE TOWN OF LINCOLN, RHODE ISLAND	 
	 	 
	By:	 /s/ T. Joseph Almond	 
	Name:	 T. Joseph Almond	 
	Title:	 Town Administrator	 

 

    	 	5Exhibit 10.12

 

SEVENTH
AMENDMENT TO UTGR MASTER VIDEO LOTTERY TERMINAL CONTRACT

 

This Agreement (this “Agreement”)
is made and entered into as of this 12th day of March, 2018, and effective as set forth in Section 3 below, is by and
among the Division of Lotteries of the Rhode Island Department of Revenue, an agency of the State of Rhode Island, with its principal
address at 1425 Pontiac Avenue, Cranston, Rhode Island 02920 (the “Division”) and UTGR, Inc., a Delaware corporation
with its principal address at 100 Twin River Road Lincoln, Rhode Island 02865 (“UTGR”).

 

Among other things, this Agreement constitutes
the Seventh Amendment (the “UTGR Seventh Amendment”) to that certain Master Video Lottery Terminal Contract
by and between the Division and UTGR dated as of July 18, 2005 (the “Original UTGR Contract”), as amended by
that certain First Amendment to Master Video Lottery Terminal Contract dated November 4, 2010 (the “UTGR First Amendment”),
that certain Second Amendment to Master Video Lottery Terminal Contract dated May 3, 2012 (the “UTGR Second Amendment”),
that certain Third Amendment to Master Video Lottery Terminal Contract dated September 18, 2012 (the “UTGR Third Amendment”),
that certain Fourth Amendment to Master Video Lottery Terminal Contract dated July!, 2014 (the “UTGR Fourth Amendment”),
that certain Fifth Amendment to Master Video Lottery Terminal Contract dated May 2, 2017 (the “UTGR Fifth Amendment”)
and that certain Sixth Amendment to Master Video Lottery Terminal Contract by and between the Division and UTGR dated May 3, 2017
(the “UTGR Sixth Amendment”). The Original UTGR Contract, as amended by the First, Second, Third, Fourth, Fifth
and Sixth UTGR Amendments, is referred to herein as the “UTGR Master Contract”.

 

The Division and UTGR are referred to herein
collectively as the “Parties,” and individually, as a “Party.”

 

Any capitalized terms used in this Agreement but not defined
herein shall have the meanings given them in Article 8, Section 4 of the “2017 Budget Act” (as defined in recital A
below, and if not defined therein, in the UTGR Master Contract. (A copy of Article 8 of the 2017 Budget Act is attached hereto
as Exhibit 1.)

 

RECITALS:

 

A.       WHEREAS,
during the 2017 Legislative Session of the Rhode Island General Assembly, the State of Rhode Island enacted into law 2017 –
H 5175 Substitute A, as amended, entitled “An Act Relating to Making Appropriations for the Support of the State for the
Fiscal Year ending June 30, 2018,” which Act was signed into law by the Governor of Rhode Island on August 3, 2017 (the “2017
Budget Act”); and

 

B.       WHEREAS,
Section 5 of Article 8 of the 2017 Budget Act, among other things, authorized and directed the Division to enter into with UTGR
an amendment to the UTGR Master Contract to effectuate the purposes of said Section 5 of Article 8 of the 2017 Budget Act, which
amendment is contained in this Agreement; and

 

    	 

     

    

 

C.       WHEREAS,
as set forth above, a First, Second, Third, Fourth, Fifth and Sixth Amendment to the Original UTGR Contract were previously entered
into by UTGR and the Division, and Section 5 of Article 8 of the 2017 Budget Act should have authorized a “Seventh Amendment
to the UTGR Master Contract” as opposed to a “Sixth Amendment to the UTGR Master Contract”; and

 

D.       WHEREAS,
the Division and IGT Global Solutions Corporation, a Delaware corporation formerly known as GTECH Corporation (“IGT”),
are parties to that certain Master Contract dated as of May 12, 2003 (the “Original IGT Master Contract”), as
such Original IGT Master Contract has been amended, modified and/or clarified by various amendments, letters, waivers and releases,
including by a Fifth Amendment to Master Contract dated July 31, 2014 (the “IGT Fifth Amendment”) and a Sixth
Amendment to the Master Contract dated June 30, 2016 (the “IGT Sixth Amendment”). (The Original IGT Master Contract,
as amended, modified and/or clarified as of the date of this Agreement – i.e., through and including the “IGT Seventh
Amendment,” as defined below – is referred to herein as the “IGT Master Contract”); and

 

E.       WHEREAS,
Premier Entertainment II, LLC d/b/a Newport Grand, a Delaware limited liability company, with its principal address at 150 Admiral
Kalbfus Road, Newport, Rhode Island 02840 (“Premier”) is the successor to Newport Grand, L.L.C. under that certain
Master Video Lottery Terminal Contract by and between the Division and Premier’s predecessor in interest dated as of November
23, 2005, as amended and assigned through and including the date of this Agreement (as so amended and assigned, the “Newport
Grand Master Contract”).

 

F.       WHEREAS,
Twin River-Tiverton, LLC, a Delaware limited liability company with its principal address at 100 Twin River Road, Lincoln,
Rhode Island 02865 (“Twin River-Tiverton”) will own the gaming facility (now under construction) located
in the town of Tiverton, Rhode Island, at the intersection of William S. Canning Boulevard and Stafford Road (the
“Tiverton VLT Facility”) and, when licensed by the Division and the Rhode Island Department of Business
Regulation, Division of Commercial Licensing and Gaming and Athletics, Twin River-Tiverton will be the successor to Premier
under the Newport Grand Master Contract, and will host at such Tiverton VLT Facility video lottery games and casino gaming
operated by the Division; and

 

G.       WHEREAS,
pursuant to the IGT Fifth Amendment, as more specifically set forth therein, with respect to the time after the effective date
thereof, IGT waived any and all rights, remedies, claims and causes of action against the Division arising from or in connection
with the Initial Promotional Points Program and/or the Supplementary Promotional Points Program for the gaming facility owned by
UTGR located in Lincoln, Rhode Island (“Twin River VLT Facility” or “Twin River”); provided
however, that IGT reserved all rights, remedies, claims and causes of action against the Division arising from or in connection
with any issuance of Promotional Points pursuant to the Initial Promotional Points Program and/or the Supplementary Points Program
for Twin River in a State fiscal year in excess of the sum of (i) ten percent (10%) of the amount of “Net Terminal Income”
(as defined in§ 42-61.2-1 of the Rhode Island General Laws), of Twin River for the prior State fiscal year and (ii) $750,000;
and

 

H.       WHEREAS,
pursuant to the IGT Fifth Amendment, as more specifically set forth therein, with respect to the time after the effective date
thereof; IGT waived any and all rights, remedies, claims and causes of action against the Division arising from or in connection
with the Initial Promotional Points Program and/or the Supplementary Points Program for the Newport Grand VLT Facility; and

 

    	 	- 2 -	 

     

    

 

I.        WHEREAS, the Division
and IGT entered into a Seventh Amendment to the IGT Master Contract dated as of July 1, 2017 (the “IGT Seventh Amendment”).
(A copy of the IGT Seventh Amendment is attached here to as Exhibit 2.)

 

NOW, THEREFORE, pursuant
to Article 8 of the 2017 Budget Act, in consideration of the recitals above and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, and in consideration of the mutual promises, covenants, obligations and
conditions herein contained, the Division and UTGR hereby agree as follows:

 

		1.	Amendments to UTGR Supplementary Promotional Points
Program.

 

		1.1	Pursuant to Section 5 of Article 8 of the 2017 Budget Act, the Supplementary Promotional Points
Program applicable to Twin River, which is in addition to the Initial Promotional Points Program, is hereby amended so that UTGR
may distribute to customers and prospective customers Promotional Points of up to but not more than sixteen percent (16%) of Twin
River Net Terminal Income for the Prior Marketing Year. For avoidance of doubt, as a result of the foregoing amendment, the approved
amount of Promotional Points that may be distributed by UTGR pursuant to the Initial and Supplementary Promotional Points Programs,
in the aggregate, may be up to but not more than twenty percent (20%) of the amount of Net Terminal Income of Twin River for the
Prior Marketing Year, plus an additional seven hundred fifty thousand dollars ($750,000), subject however, to Sections 1.3 and
1.4 below. The terms and conditions of the Initial and Supplementary Promotional Points Programs applicable to Twin River shall
be established from time to time by the Division, and such terms and conditions shall include, without limitation, a State fiscal
year audit of the program, the cost of which audit shall be borne by UTGR.

 

		1.2	For the avoidance of doubt, the provisions of Section 1.1 above supersede and replace any provisions
of the UTGR Master Contract that are inconsistent with Section 1.1 above.

 

		1.3	Notwithstanding the foregoing or anything in the general laws or public laws to the contrary, nothing
shall prohibit UTGR, with prior approval from the Division, from spending additional funds on the Initial and/or Supplementary
Promotional Points Programs (i.e., distributing to customers and prospective customers Promotional Points in amounts in excess
of the amounts initially approved by the Division with respect to the Initial and/or Supplementary Promotional Points Program),
even if such additional amounts exceed four percent (4%) of Twin River Net Terminal Income for the Prior Marketing Year plus seven
hundred fifty thousand dollars ($750,000) in regard to the Initial Promotional Points Program for Twin River, or exceed sixteen
percent (16%) of Twin River Net Terminal Income for the Prior Marketing Year in regard to the Supplementary Promotional Points
Program for Twin River, or exceed twenty percent (20%) of Twin River Net Terminal Income for the Prior Marketing Year plus seven
hundred fifty thousand dollars ($750,000) in regard to the Twin River Initial and Supplementary Promotional Points Programs in
the aggregate; provided however, that the expense of any such additional spending on Promotional Points shall be borne by UTGR,
subject to Section 1.4 below.

 

    	 	- 3 -	 

     

    

 

		1.4	Notwithstanding any prior public or general law, rule, regulation or policy to the contrary, UTGR
shall remit to the Division the amount of any funds spent by UTGR in excess of the amounts initially approved by the Division with
respect to the Initial and/or Supplementary Promotional Points Programs – i.e., distributions to customers and prospective
customers of Promotional Points in excess of the amounts initially approved by the Division for the Initial and/or Supplementary
Promotional Points Program, all pursuant to Section 1.3 above – and the Division shall distribute such funds to the entities
(including UTGR) entitled to a portion (or percent) of Net Terminal Income generated at Twin River pursuant to §42-61.2-7
of the Rhode Island General Laws, paying to each such entity (including UTGR) that portion of the funds that is equal to its portion
(or percent) of Net Terminal Income generated at Twin River as set forth in §42-61.2-7 of the Rhode Island General Laws.

 

		1.5	Except to the extent amended and/or clarified pursuant to Section 1.1 through 1.4 above, the terms,
provisions and conditions of the UTGR Master Contract, including without limitation those terms, provisions and conditions relating
to the Initial Promotional Points Program, the Supplementary Promotional Points Program and the Marketing Program relating to Twin
River, shall remain in full force and effect. If there is a conflict between any provision of the UTGR Master Contract and Article
8 of the 2017 Budget Act, the provisions of Article 8 of the 2017 Budget Act.

 

		1.6	This Section 1 of this Agreement, and Sections 3 through 13 to the extent applicable to this Section
1, shall take effect as of April 1, 2017.

 

		2.	UTGR/Twin River-Tiverton “Make Whole”
Provisions.

 

		2.1	Pursuant to the IGT Seventh Amendment attached hereto as Exhibit 2, the Division and IGT entered
into certain agreements regarding (i) the deployment of “Premium VLTs” (as defined in the IGT Seventh Amendment) at
the Twin River VLT Facility and/or the Tiverton VLT Facility (collectively, the “Gaming Facilities”) pursuant to subsection
4(a) of such IGT Seventh Amendment; (ii) IGT’s waiver of certain rights, remedies, claims and causes of action against the
Division arising from or in connection with Promotional Points Programs for the Gaming Facilities pursuant to subsection 4(b) of
such IGT Seventh Amendment; (iii) compensation payable by the Division to IGT pursuant to subsection 4(c) of such IGT Seventh Amendment;
and possible adjustments to the Promotional Points Programs at Twin River and/or the Tiverton VLT Facility pursuant to subsections
4(d) and 4(e) of such IGT Seventh Amendment.

 

		2.2	For each of the Premium VLTs deployed by IGT at Twin River as contemplated in Section 2.1 above
pursuant to the IGT Seventh Amendment, UTGR agrees that the Division may deduct from UTGR’s share of Net Terminal Income,
amounts equal to the additional compensation due to IGT pursuant to subsections 4(a) and 4(c) of the IGT Seventh Amendment, and
the Division shall use such deducted amounts to compensate IGT pursuant to said subsections 4(a) and 4(c) of such IGT Seventh Amendment.

 

    	 	- 4 -	 

     

    

 

		2.3	The Division represents and warrants to UTGR that the amounts deducted from UTGR’s share
of Net Terminal Income as described in Section 2.2 above shall reimburse the Division in full for all compensation due to IGT in
connection with (i) the Premium VLTs provided and installed by IGT at Twin River and/or the Tiverton Facility, and (ii) IGT’s
waivers of rights described in subsection 4(b) of the IGT Seventh Amendment.

 

		2.4	The Division will consult with UTGR in regard to which Gaming Facility (Twin River and/or the Tiverton
Facility) and the location within such Gaming Facility where Premium VLTs will be installed by IGT and operated by the Division;
however, the Division will make the final decision with respect to the locations where VLTs will be installed by IGT and operated
by the Division

 

		2.5	A.       Effective as of the start of the State fiscal year beginning July 1, 2017, the amount of
Promotional Points that UTGR may issue pursuant to the Twin River Supplementary Promotional Points Program (as amended pursuant
to this Agreement) shall be up to but not exceed eight and one-half percent (8.5%) of the amount of Net Terminal Income of Twin
River for the Prior Marketing Year, the exact amount of each increase (within such cap) to be determined by the Division in response
to written requests from UTGR. Accordingly, and for the avoidance of doubt, effective as of the start of the State fiscal year
beginning July 1, 2017, the aggregate amount of Promotional Points that UTGR may issue, in the aggregate, pursuant to the Initial
and Supplementary Promotional Points Programs applicable to Twin River (as the Supplementary Promotional Points Program is amended
pursuant to this Agreement) shall be up to but not exceed twelve and one-half percent (12.5%) of the amount of Net Terminal Income
of Twin River for the Prior Marketing Year, plus an additional seven hundred fifty thousand dollars ($750,000).
	 	 	 
	 	 	B.       Except
as provided in the UTGR Master Contract, as amended by this Agreement, Promotional Points applicable to Twin River shall be issued
pursuant to the terms and conditions of the Initial and Supplementary Promotional Points Programs applicable to Twin River established
from time to time by the Division, and such terms and conditions shall include, without limitation, a State fiscal year audit of
the program, the cost of which audit shall be borne by UTGR.
	 	 	 
	 	 	C.       For
the avoidance of doubt, the cap on the issuance of Promotional Points contained in this Section 2.5 governs over any inconsistent
provisions contained in Section 1.

 

		2.6	UTGR and/or Twin River-Tiverton may make one or more written requests to the Division that the
caps on the Initial Promotional Points Program and/or the Supplementary Promotional Points Program applicable to the Twin River
VLT Facility and/or the Tiverton VLT Facility, be increased, in the case of each Gaming Facility, as applicable, in an amount not
to exceed the sum of (A) fifteen percent (15%) of the amount of Net Terminal Income of the applicable Gaming Facility for the prior
State fiscal year and (B) $750,000. If (i) the Division agrees to increase the cap(s) as aforesaid and (ii) IGT agrees with the
Division as contemplated in subsection 4(d) of the IGT Seventh Amendment, then (A) the Division shall cause IGT to deploy additional
Premium VLTs in accordance with subsection 4(d)(i) of the IGT Seventh Amendment, (B) the Division shall pay IGT additional compensation
for such additional Premium VLTs pursuant to subsection 4(d)(iii) of the IGT Seventh Amendment, (C) the Division shall be made
whole in respect of such additional compensation paid by the Division to IGT by deducting the amount of such additional compensation
paid IGT from UTGR’s (and/or Twin River-Tiverton’s, as applicable) share of Net Terminal Income, and (D) UTGR (and/or
Twin River-Tiverton, as applicable) shall be allowed to issue Promotional Points for the Twin River VLT Facility (and/or the Tiverton
VLT Facility, as applicable) in the agreed-upon increased amount(s).

 

    	 	- 5 -	 

     

    

 

		2.7	In the event the Division and UTGR (and/or Twin River-Tiverton, as applicable) and IGT agree to
increase the caps to the Initial Promotional Points Program and/or Supplemental Promotional Points Program applicable to the Twin
River VLT Facility (and/or the Tiverton VLT Facility), as described in Section 2.6 above, the Division and UTGR (and/or Twin River-Tiverton),
as soon as commercially reasonable, shall enter into appropriate agreements (or amendments to existing agreements) lo the extent
necessary to memorialize all appropriate terms and conditions related to such agreement to the extent not set forth above.

 

		2.8	It is contemplated that, in the future, the Division, IGT, UTGR and Twin River-Tiverton may agree
that the caps on the Initial Promotional Points Program and the Supplementary Promotional Points Program applicable to the Twin
River VLT Facility and/or the Tiverton VLT Facility may be increased, in each case, above the sum, in the aggregate, of (A) fifteen
percent (15%) of the amount of Net Terminal Income of the applicable Gaming Facility for the prior State fiscal year and (B) $750,000,
but not in excess of the sum of (a) twenty percent (20%) of the amount of Net Terminal Income of the applicable Gaming Facility
for the prior State fiscal year and (b) $750,000. Any such increase would require agreement among the Division, IGT, UTGR and Twin
River-Tiverton.

 

		3.	Effectiveness of this Agreement.

 

Except as otherwise expressly stated in this Agreement, the
provisions of this Agreement shall take effect on July 1, 2017.

 

MISCELLANEOUS PROVISIONS:

 

4.           This
Agreement contains the entire agreement of the Parties and supersedes and replaces all prior understandings or agreements (if any),
oral or written, with respect to the subject matter hereof. For the avoidance of doubt, if and to the extent any provision of this
Agreement conflicts with the UTGR Master Contract, the provision of this Agreement shall control.

 

5.           Except
to the extent amended and/or clarified pursuant to this Agreement, the terms, provisions and conditions of the UTGR Master Contract,
remain in full force and effect, enforceable in accordance with their terms.

 

6.          This
Agreement shall not be amended, except by a writing of subsequent date hereto, executed by duly authorized representatives of the
Parties hereto.

 

    	 	- 6 -	 

     

    

 

7.           This
Agreement shall not be assigned by any Party without the prior written consent of the other Parties, which consent shall not be
unreasonably withheld or delayed.

 

8.           This
Agreement shall be binding upon and inure to the benefit of each of the Parties hereto, and each of their respective successors
and permitted assigns.

 

9.           The
failure of any Party to enforce at any time any of the provisions of this Agreement shall in no way be construed to be a waiver
of such provisions, nor in any way affect the validity of this Agreement or any part thereof, or the right of any other Party thereafter
to enforce each and every provision.

 

10.         The
illegality, invalidity or unenforceability of any provision of this Agreement shall not affect the legality, validity or enforceability
of any other provision, and to this end the provisions hereof are declared to be severable. If for any reason a court of competent
jurisdiction finds any provision of this Agreement to be illegal, invalid or unenforceable, that provision of this Agreement shall
be enforced to the maximum extent permissible so as to effect the intent of the Parties, and the remainder of this Agreement will
continue in full force and effect.

 

11.         Each
Party warrants to the others that it is authorized to execute and deliver this Agreement and to perform the obligations set forth
herein, and the persons executing this Agreement on behalf of such Party are authorized to do so.

 

12.         This
Agreement shall be governed by, construed and enforced in accordance with the Laws of the State of Rhode Island, without regard
to conflict of law principles. The Parties agree that any suit for the enforcement of this Agreement may be brought in the courts
of the State of Rhode Island or any federal court sitting therein and consent to the non-exclusive jurisdiction of such court and
to service of process in any such suit being made upon the Parties at the addresses set forth for the Parties above. The Parties
hereby waive any objection that they may now or hereafter have to the venue of any such suit or any such court or that such suit
was brought in an inconvenient court.

 

13.         This
Agreement may be executed in one or more counterparts each of which shall be deemed an original copy of this Agreement and all
of which, when taken together, will be deemed to constitute one and the same agreement.

 

[SIGNATURE PAGE FOLLOWS]

 

    	 	- 7 -	 

     

    

 

IN WITNESS WHEREOF, the Parties hereto have caused this Agreement
to be duly executed by their duly authorized representatives.

 

 

	 	STATE LOTTERY DIVISION OF THE STATE OF RHODE ISLAND DEPARTMENT OF REVENUE
	 	 

	 	By:	 /s/ Gerald S. Aubin
	 	 	Gerald S. Aubin
	 	 	Director

	 	 
	 	UTGR, INC.
	 	 

	 	By:	/s/ Craig Eaton
	 	 	Craig Eaton
	 	 	Sr. VP and General Counsel

 

    	 	- 8 -

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