Document:

Amendment No. 1 to Third Amended and Restated Loan Agreement

 Exhibit 10.11 
 AMENDMENT NO. 1 
 TO THIRD AMENDED AND RESTATED LOAN AGREEMENT 
 This Amendment No. 1 to Third Amended and Restated Loan Agreement (“Amendment”) dated as of November 13, 2007 is made with
reference to the Third Amended and Restated Loan Agreement, dated as of February 28, 2006 (the “Loan Agreement”), among Eldorado Resorts LLC, a Nevada limited liability company (the “Borrower”), the Banks
referred to therein, and Bank of America, N.A., as Administrative Agent. Capitalized terms used in this Amendment but not defined herein are used with the meanings set forth for those terms in the Loan Agreement as the same is amended hereby. This
Amendment is entered into with reference to the following facts: 
 RECITALS 
 A. Pursuant to the NGA Purchase Agreement referred to below, Borrower intends, inter alia to issue additional member’s interests aggregating
approximately 14.47% of its overall member’s interests (the “NGA Borrower Interests”) to NGA AcquisitionCo LLC (“NGA”)in exchange for the Shreveport Notes referred to below. 
 B. Concurrently therewith, NGA will acquire a currently outstanding member’s interests in Borrower from Donald L. Carano (the “NGA Carano
Interests”) which will result in 17.0359% of the overall member’s interests of Borrower being held by NGA. 
 C. Pursuant to
the New Operating Agreement, NGA or its permitted assignees may require that the Borrower purchase the NGA Borrower Interests from NGA or its permitted assignees, and Borrower may require NGA or its permitted assignees to sell to Borrower all of the
NGA Borrower Interests and the NGA Carano Interests, under the circumstances set forth therein. Pursuant to the NGA Put-Call Agreement, Borrower may require that Donald L. Carano purchase from Borrower, and Donald L. Carano may require that Borrower
sell to Donald L. Carano, the NGA Carano Interests acquired by Borrower from NGA or its permitted assignees pursuant to the New Operating Agreement. Borrower has requested that the Banks consent to the existence of the put and call rights
contemplated by the NGA Put-Call Agreement and the New Operating Agreement. 
 D. Borrower has also requested a waiver in respect of a
Distribution made by Borrower in the amount of $10,000,000 on or about July 25, 2007. 
 NOW, THEREFORE, in consideration of the mutual
covenants and benefits contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the Borrower, the Administrative Agent and the Banks hereby agree as follows: 
 1. New Definitions. Section 1.1 of the Loan Agreement is hereby amended to add the following new definitions: 
 “NGA” means NGA AcquisitionCo LLC, a Nevada limited liability company. 
  

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 “NGA Borrower Interests” means the member’s interests in Borrower,
which will represent approximately 14.47% of the aggregate membership interests in Borrower outstanding after giving effect to the issuance of such member’s interests, to be issued to NGA by Borrower pursuant to the NGA Purchase Agreement.

 “NGA Carano Interest” means the currently outstanding 3% member’s interests in Borrower owned by
Donald L. Carano (which, after giving effect to the issuance of the NGA Borrower Interests, will represent 2.5659% of the overall aggregate membership interests of Borrower) to be acquired by NGA from Donald L. Carano pursuant to the NGA Purchase
Agreement. 
 “NGA Purchase Agreement” means the Amended and Restated Purchase Agreement, dated as of
July 20, 2007, by and among Borrower, NGA, and Donald L. Carano. 
 “NGA Put-Call Agreement” means a
Put-Call Agreement, substantially in the form of Exhibit N to the NGA Purchase Agreement, to be entered into by and among NGA, Donald L. Carano and Borrower at the time of the closing under the NGA Purchase Agreement. 
 “New Operating Agreement” means a Second Amended and Restated Operating Agreement of Borrower, substantially in the form
of Exhibit D to the NGA Purchase Agreement, to be entered into by the members of Borrower at the time of the closing under the NGA Purchase Agreement. 
 “Shreveport Notes” means the $31,133,250 original principal amount (as such original principal amount may be reduced, at Borrower’s option, in accordance with Section 2.04 of the NGA
Purchase Agreement) of currently issued and outstanding First Mortgage Notes due 2012 co-issued by the Shreveport Partnership, and Shreveport Capital Corporation, a Louisiana corporation wholly owned by the Shreveport Partnership. 
 2. Construction of the Purchase Agreement; Dispositions of Property; Negative Pledge. The Banks hereby consent to the consummation of the issuance
of the NGA Borrower Interests pursuant to the NGA Purchase Agreement provided that the Shreveport Notes are concurrently delivered in pledge to the Administrative Agent to secure the Obligations pursuant to agreements reasonably acceptable to the
Administrative Agent. The Lenders further agree that: 
 (a) the issuance and sale of the NGA Borrower Interests pursuant to
the terms of the NGA Purchase Agreement in consideration, inter alia of the Shreveport Notes, and/or a future exercise of Borrower’s rights under the NGA Put-Call Agreement in respect of a sale by Borrower of the NGA Carano
Interests to Donald L. Carano pursuant to the terms of the NGA Put-Call Agreement shall not be deemed to violate Sections 6.3 [Dispositions], 6.4 [Acquisitions and Investments] or 6.11 [Transactions with Affiliates] of the Loan Agreement;

 (b) the existence of the put and call rights contemplated by the NGA Put-Call Agreement and the New Operating Agreement
shall not be deemed to constitute Indebtedness, Liens or Rights of Others which are prohibited by Sections 6.9 [Liens, Negative Pledges and Sales and Leasebacks] or 6.10 [Indebtedness and Contingent Obligations] of the Loan Agreement; 
  

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 (c) the execution by the respective parties thereto of the NGA Put-Call Agreement and the
New Operating Agreement and the exercise of the put and call rights contemplated by the NGA Put-Call Agreement and the New Operating Agreement shall not be deemed to constitute violations of Section 6.11 [Transactions with Affiliates] of the
Loan Agreement; and 
 (d) the purchase by Borrower of the NGA Borrower Interests and the NGA Carano Interests pursuant to
the terms of the New Operating Agreement shall not be deemed to violate the terms of Section 6.4 [Acquisitions and Investments] of the Loan Agreement. 
 Notwithstanding the foregoing, Borrower acknowledges that the exercise of the put and call rights contemplated by the New Operating Agreement and the NGA Put-Call Agreement under certain circumstances may result in
violations of other representations, warranties and covenants set forth in the Loan Agreement depending upon the circumstances in effect on the date of any such exercise (including without limitation Section 6.6 [Distributions] and the
financial covenants set forth in Sections 6.13 through 6.16 of the Loan Agreement), and acknowledge that the Banks are not prospectively consenting to such exercise to the extent that it would result in a violation of such covenants or any other
Default or Event of Default. 
 3. Waiver of Distribution. The Banks hereby waive the Borrower’s failure to comply with the terms
of Section 6.6 in respect of a Distribution of $10,000,000 made by Borrower on or about July 25, 2007. This is a one-time waiver only, and the Borrower shall comply with Section 6.6 at all other times and with respect to all other
periods. 
 4. Section 6.16 – Fixed Charge Ratio. Section 6.16 of the Loan Agreement is hereby amended to read in full
as follows: 
 “6.16 Fixed Charge Ratio. Permit the Fixed Charge Ratio, (a) as of the last day of the Fiscal Quarters ending
September 30, 2007, December 31, 2007, March 31, 2008 and June 30, 2008, to be less than 1.10:1.00, and (b) as of the last day of any other Fiscal Quarter, to be less than 1.25 to 1.00.” 
 5. Conditions Precedent. The effectiveness of this Amendment shall be subject to the following conditions precedent: 
 (a) the Administrative Agent shall have received a consent to this Amendment executed by Eldorado Capital Corp. in the form of Exhibit A;

 (b) the Administrative Agent shall have received written consents to this Amendment from the Majority Banks, substantially
in the form of Exhibit B; and 
  

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 (c) the Administrative Agent shall have received a fee of $5,000 for the account of each
Lender executing this Amendment prior to 12:00, noon, Pacific time, on November 13, 2007. 
 6. Representation. Borrower hereby
represents and warrants to the Administrative Agent and the Banks that (a) no Default or Event of Default has occurred under the Loan Agreement and remains continuing, (b) the representations and warranties in the Loan Agreement are true
as of the date of this Amendment (except to the extent such representations and warranties expressly refer to an earlier date, in which case they shall be true and correct as of such earlier date), (c) this Amendment is within the
Borrower’s powers, has been duly authorized, and does not conflict with the Borrower’s organizational papers, (d) this Amendment does not conflict with any law, agreement or obligation by which the Borrower is bound, and
(e) Borrower has provided the Administrative Agent with complete copies of the NGA Purchase Agreement, the NGA Put-Call Agreement and the New Operating Agreement. 
 7. Counterparts. This Amendment may be executed in as many counterparts as necessary or convenient, and by the different parties on separate counterparts each of which, when so executed, shall be deemed an
original but all such counterparts shall constitute but one and the same agreement. 
 8. Confirmation. In all other respects, the
terms of the Loan Agreement and the Loan Documents executed in connection therewith are hereby confirmed. 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first written above by
their duly authorized representatives. 
  

			
	 ELDORADO RESORTS LLC,
 a Nevada limited
liability company

		
	By:	 	 /s/ Robert Jones

	Name:	 	Robert Jones
	Title:	 	CFO
	
	 BANK OF AMERICA, N.A.,
 as Administrative
Agent

		
	By:	 	 /s/ Maurice E. Washington

	Name:	 	Maurice E. Washington
	Title:	 	Vice President

  

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 Exhibit A 
 CONSENT OF GUARANTOR 
 Reference is hereby made to the Third Amended and Restated Loan Agreement (the
“Loan Agreement”), dated as of February 28, 2006, among Eldorado Resorts LLC, the lenders referred to therein, and Bank of America, N.A., as Administrative Agent. By executing this Consent of Guarantor, Eldorado Capital Corp., a
Nevada corporation, consents to the execution, delivery and performance of Amendment No. 1 to Third Amended and Restated Loan Agreement dated as of the date hereof, and acknowledges that its guaranty of the obligation under the Loan Agreement
remains in full force and effect. 
 Dated November 9, 2007 
  

			
	 ELDORADO CAPITAL CORP.,
 a Nevada corporation

		
	By:	 	 /s/ Gene Carano

	Name:	 	Gene Carano
	Title:	 	Vice President, Secretary and Treasurer

  

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 Exhibit B 
 CONSENT 
 Reference is hereby made to the Third Amended and Restated Loan Agreement (the “Loan
Agreement”), dated as of February 28, 2006, among Eldorado Resorts LLC, the lenders referred to therein, and Bank of America, N.A., as Administrative Agent. By executing this Consent, the undersigned consents to the execution, delivery and
performance of Amendment No. 1 to Third Amended and Restated Loan Agreement substantially in the form presented to the undersigned as a draft. 
 Dated
November __, 2007 
  

			
	
	Bank of America, N.A.
		
	By:	 	 /s/ Justin Lien

	Name:	 	Justin Lien
	Title:	 	Vice President

 Please submit this Consent of Lender by email or fax to: 
 William M. Scott IV 
 Sheppard, Mullin, Richter & Hampton
LLP 
 333 South Hope Street, 48th Floor 
 Los
Angeles, California, 90071  
 bscott@sheppardmullin.com  
 Telecopier: (213) 443-2717 
 Telephone: (213) 617-4276 
 Receipt of email submissions will be confirmed. 
 No original
signatures are required to be submitted. 
  

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 Exhibit B 
 CONSENT 
 Reference is hereby made to the Third Amended and Restated Loan Agreement (the “Loan
Agreement”), dated as of February 28, 2006, among Eldorado Resorts LLC, the lenders referred to therein, and Bank of America, N.A., as Administrative Agent. By executing this Consent, the undersigned consents to the execution, delivery and
performance of Amendment No. 1 to Third Amended and Restated Loan Agreement substantially in the form presented to the undersigned as a draft. 
 Dated
November 10, 2007 
  

			
	
	CAPITAL ONE, N.A.
		
	By:	 	 /s/ Chris Haskew

	Name:	 	Chris Haskew
	Title:	 	Senior Vice President

 Please submit this Consent of Lender by email or fax to: 
 William M. Scott IV 
 Sheppard, Mullin, Richter & Hampton
LLP 
 333 South Hope Street, 48th Floor 
 Los
Angeles, California, 90071  
 bscott@sheppardmullin.com  
 Telecopier: (213) 443-2717 
 Telephone: (213) 617-4276 
 Receipt of email submissions will be confirmed. 
 No original
signatures are required to be submitted. 
  

 -8-Amendment No.1, Fifth Amended and Restated Joint Venture Agreement

 Exhibit 10.41 
 AMENDMENT NO 1 TO THE 
 FIFTH AMENDED AND RESTATED 
 JOINT VENTURE AGREEMENT OF 
 ELDORADO
CASINO SHREVEPORT JOINT VENTURE 
 (FORMERLY KNOWN AS 
 THE “QUEEN OF NEW ORLEANS AT THE 
 HILTON JOINT VENTURE,” “QNOV” and

 “HOLLYWOOD CASINO SHREVEPORT”) 
 THIS AMENDMENT NO. 1 TO THE FIFTH AMENDED AND RESTATED JOINT VENTURE AGREEMENT OF ELDORADO CASINO SHREVEPORT JOINT VENTURE is entered into as of November 29, 2007, by and among Eldorado Shreveport #1, LLC, a
Nevada limited liability company (“Eldorado I”), Eldorado Shreveport #2, LLC, a Nevada limited liability company (“Eldorado II”), and Shreveport Gaming Holdings, Inc., a Delaware corporation
(“SGHI”). Unless the context otherwise requires, terms that are capitalized and not otherwise defined shall have the meanings set forth or cross-referenced in ARTICLE I of the Fifth Amended and Restated Joint Venture Agreement of
Eldorado Casino Shreveport Joint Venture entered into as of July 22, 2005, by and among Eldorado I, Eldorado II and SGHI (the “Agreement”). 
 PRELIMINARY STATEMENT 
 A. The holders of a majority in aggregate principal amount of the First
Mortgage Notes consented to an amendment and restatement of Section 4.12 of the Amended and Restated Indenture, dated as of July 21, 2005 by and among Eldorado Casino Shreveport Joint Venture (the “Venture”), Shreveport
Capital Corporation (“Capital”), the guarantors listed on the signature page thereof and U.S. Bank National Association, as trustee (as amended, the “Indenture”) to exclude from the provisions of Section 4.12
of the Indenture payments of principal, premium, if any, and interest on the First Mortgage Notes made in accordance with Section 4.01 of the Indenture. 
 B. Section 4.12 of the Indenture was amended and restated by a supplemental indenture, dated November 15, 2007 by and among the Venture, Capital, Eldorado I, Eldorado II and U.S. Bank National Association,
as trustee, to exclude from the provisions of Section 4.12 of the Indenture payments of principal, premium, if any, and interest on the First Mortgage Notes made in accordance with Section 4.01 of the Indenture (the “Supplemental
Indenture”). 
 C. Section 2.13 of the Agreement includes a covenant similar to the one contained in Section 4.12 of the
Indenture prior to the execution of the Supplemental Indenture. 
 D. Eldorado I, Eldorado II and SGHI desire to amend and restate
Section 2.13 of the Agreement to permit payments of principal, premium, if any, and interest on First Mortgage Notes held by Affiliates in accordance with the terms of the Indenture as amended by the Supplemental Indenture and without the
necessity of compliance with the provisions of Section 2.13 of the Agreement. 

 NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained, the
Agreement is hereby amended as follows: 
 1. Section 2.13 of the Agreement is amended and restated in its entirety to read as follows:

 “2.13. Transactions with Affiliates. The Venture shall not, and shall not permit any of its Subsidiaries to,
make any payment to, or sell, lease, transfer or otherwise dispose of any of its properties or assets to, or purchase any property or assets from, or enter into or make or amend any transaction, contract, agreement, understanding, loan, advance or
guarantee with, or for the benefit of, any Affiliates (each, an “Affiliate Transaction”), unless: (a) such Affiliate Transaction is on terms that are no less favorable to the Venture or the relevant Subsidiary than those that
would have been obtained in a comparable transaction by the Venture or such Subsidiary with an unrelated Person; and (b) the Venture delivers to each Partner that is not an Affiliate of the party to the Affiliate Transaction: 
 (i) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in excess of
$1,000,000, a certificate of the Managing Partner to the effect that such Affiliate Transaction complies with this Section 2.13 and that such Affiliate Transaction has been approved by the Managing Partner; and 
 (ii) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in excess of
$5,000,000, an opinion as to the fairness to the Venture of such Affiliate Transaction from a financial point of view issued by an accounting, appraisal or investment banking firm of national standing. 
 The foregoing provisions of this Section 2.13 shall not apply to the following: (a) payments made pursuant to, or any other transactions
contemplated by, the Management Agreement; (b) purchases of goods and services in the ordinary course of business on terms that are no less favorable to the Venture or its Subsidiaries than would be reasonably expected to be obtained from an
unrelated third party and in an amount not to exceed $1,000,000 per year; (c) transactions between or among the Venture and any of its Subsidiaries; (d) Additional Capital Contributions or distributions permitted by the terms of this
Agreement; (e) reasonable fees and compensation (including bonuses, retirement plans and securities, stock options and stock ownership plans) paid or issued to and indemnities provided on behalf of officers, directors, employees or consultants
of the Venture or any Subsidiary in the ordinary course of business; and (f) payments of principal, premium, if any, and interest on the First Mortgage Notes made in accordance with Section 4.01 of the Amended and Restated Indenture, dated
as of July 21, 2005 by and among the Venture, Capital, the guarantors listed on the signature page thereof and U.S. Bank National Association, as trustee.” 
  

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 2. Counterparts. This Amendment may be executed in as many counterparts as necessary or
convenient, and by the different parties on separate counterparts each of which, when so executed, shall be deemed an original but all such counterparts shall constitute but one and the same agreement. 
 3. Confirmation. In all other respects, the terms of the Agreement are hereby confirmed. 
 IN WITNESS WHEREOF, the parties have entered into this Amendment as of the date first above written, effective as of such date. 
  

			
	 ELDORADO SHREVEPORT #1, LLC
 a Nevada
limited liability company

		
	By:	 	/s/ Gary L. Carano
		 	
	
	 ELDORADO SHREVEPORT #2, LLC
 a Nevada
limited liability company

		
	By:	 	/s/ Gary L. Carano
		 	
	
	 SHREVEPORT GAMING HOLDINGS, INC.
 a
Delaware corporation

		
	By:	 	/s/ John C. Hull
		 	

  

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