Document:

Employment Agreement

 EXHIBIT 10.3 
  
 EMPLOYMENT AGREEMENT 
  
 THIS AGREEMENT entered into this 28nd day of April, 2003, (“Effective Date”), by and between THE KILLBUCK SAVINGS BANK COMPANY and DIANE S. KNOWLES (the “Employee”). 
  
 WHEREAS, the Employee has heretofore been employed by The Killbuck Savings Bank Company as Chief Financial Officer and is
experienced in all phases of the business of The Killbuck Savings Bank Company; and 
  
 WHEREAS, the parties desire by this agreement to set forth the continuing employment relationship of The Killbuck Savings Bank Company and the Employee. 
  
 NOW, THEREFORE, it is AGREED as follows: 
  
 1. Employment. The Employee is employed in the capacity as the Chief Financial Officer of The Killbuck Savings Bank
Company. The Employee shall render such administrative and management services to The Killbuck Savings Bank Company as are currently rendered and as are customarily performed by persons situated in a similar executive capacity. The Employee shall
promote the business of The Killbuck Savings Bank Company. The Employee’s other duties shall be such as the Board of Directors for The Killbuck Savings Bank Company may from time to time reasonably direct, including normal duties as an officer
of The Killbuck Savings Bank Company. 
  
 2. Base
Compensation. The Killbuck Savings Bank Company agrees to pay the Employee during the Term of this Agreement (as hereinafter defined at Section 5) a salary at the rate of at least $95,000.00 per annum, payable in cash not less frequently than
monthly; provided, that the rate of such salary shall be reviewed by the Board of Directors not less often than annually, and Employee shall be entitled to receive annually an adjustment at such percentage or in such an amount as the Board of
Directors in its sole discretion may decide at such time. 
  
 3.
Discretionary Bonus. The Employee shall be entitled to participate in an equitable manner with all other senior management employees of The Killbuck Savings Bank Company in discretionary bonuses that may be authorized and declared by the
Board of Directors to its senior management employees from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s right to participate in such discretionary bonuses when and as
declared by the Board of Directors. 
  
 4. (a) Participation in
Retirement and Medical Plans. The Employee shall be entitled to participate in any plan of The Killbuck Savings Bank Company relating to pension, profit-sharing, or other retirement benefits and medical coverage or reimbursement plans that The
Killbuck Savings Bank Company may adopt for the benefit of its employees. Additionally, Employee’s dependent family shall be eligible to participate in medical and dental insurance plans sponsored by The Killbuck Savings Bank Company with the
cost of such premiums paid by The Killbuck Savings Bank Company. 
  
 (b) Employee Benefits; Expenses. The Employee shall be eligible to participate in any fringe benefits which may be or may become applicable to The Killbuck Savings Bank Company’s senior management employees, including by
example, participation in any stock option or incentive plans adopted by the Board of Directors of The Killbuck Savings Bank Company and any other benefits which are commensurate with the responsibilities and functions to be performed by the
Employee under this Agreement. The Killbuck Savings Bank Company shall reimburse Employee for all reasonable out-of-pocket expenses which Employee shall incur in connection with her service for The Killbuck Savings Bank Company. 

 5. Term. The term of employment of Employee under this Agreement shall be for the period
commencing on the Effective Date and ending one year thereafter. Additionally, on, or before, each annual anniversary date from the Effective Date, the term of employment under this Agreement shall be extended for up to an additional one year period
beyond the then effective expiration date upon a determination and resolution of the Board of Directors that the performance of the Employee has met the requirements and standards of the Board, and that the Terms of such Agreement shall be extended.
If at any time during the original term of this Agreement, or any extension thereof, discussions or negotiations take place which, if concluded by agreement, would result in a change in control as defined in paragraph 12, the determination and
resolution referred to above shall not be required, and this Agreement shall be deemed extended for a period of one (1) year beyond the then effective expiration date. Such extension shall occur whether or not such discussions or negotiations
actually resulted in an agreement. 
  
 6. Loyalty;
Noncompetition. 
  
 (a) The Employee shall devote her full
time and attention to the performance of her employment under this Agreement. During the term of Employee’s employment under this Agreement, the Employee shall not engage in any business or activity contrary to the business affairs or interest
of The Killbuck Savings Bank Company. 
  
 (b) Nothing contained in
this Section 6 shall be deemed to prevent or limit the right of Employee to invest in the capital stock or other securities of any business dissimilar from that of The Killbuck Savings Bank Company exceeding 4.9% of said Company. 
  
 7. Standards. The Employee shall perform her duties under this
Agreement in accordance with such reasonable standards expected of employees with comparable positions in comparable organizations and as may be established from time to time by the Board of Directors. 
  
 8. Vacation and Sick Leave. At such reasonable times as the Board of
Directors shall in its discretion permit, the Employee shall be entitled, without loss of pay, to absent herself voluntarily from the performance of her employment under this Agreement, with all such voluntary absences to count as vacation time;
provided that: 
  
 (a) The Employee shall be entitled to annual
vacation leave in accordance with the policies as are periodically established by the Board of Directors for senior management employees of The Killbuck Savings Bank Company. 
  
 (b) Employee shall not be entitled to accumulate unused vacation from one fiscal year to the next, except to the extent
authorized by the Board of Directors for senior management employees of The Killbuck Savings Bank Company. 
  
 (c) In addition to the aforesaid paid vacations, the Employee shall be entitled without loss of pay to absent herself voluntarily from the performance of
her employment with The Killbuck Savings Bank Company for such additional periods of time and for such valid and legitimate reasons as the Board of Directors in its discretion may determine. Further, the Board of Directors shall be entitled to grant
to the Employee a leave or leaves of absence with or without pay at such time or times and upon such terms and conditions as the Board of Directors in its discretion may determine. 
  
 (d) In addition, the Employee shall be entitled to an annual sick leave benefit as established by the Board of Directors for
senior management employees of The Killbuck Savings Bank Company. In the event that any sick leave benefit shall not have been used during any year, such leave shall accrue to subsequent years to the extent authorized by the Board of Directors for
employees of The Killbuck Savings Bank Company. 
  

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 9. Termination and Termination Pay. 
  
 The Employee’s employment under this Agreement shall be terminated upon any of the following occurrences: 

 
 (a) The death of the Employee during the term of this Agreement, in which
event the Employee’s estate shall be entitled to receive the compensation due the Employee through the last day of the third calendar month following the month in which Employee’s death shall have occurred. 
  
 (b) The Board of Directors may terminate the Employee’s employment at
any time, but any termination by the Board of Directors other than termination for Just Cause, shall not prejudice the Employee’s right to compensation or other benefits under the Agreement. The Employee shall have no right to receive
compensation or other benefits for any period after termination for Just Cause. Termination for “Just Cause” shall include termination because of the Employee’s personal dishonesty, incompetence, willful misconduct, breach of
fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations or similar offenses) or final cease-and-desist order, or material breach of any
provision of the Agreement. 
  
 (c) Except as provided pursuant to
Section 12 herein, in the event Employee’s employment under this Agreement is terminated by the Board of Directors without Just Cause, The Killbuck Savings Bank Company shall be obligated to continue to pay the Employee the salary provided
pursuant to Section 2 herein, up to the date of termination of the Term (including any renewal term) of this Agreement and the cost of Employee obtaining all health, life, disability, and other benefits which the Employee would be eligible to
participate in through such date based upon the benefit levels substantially equal to those being provided Employee at the date of termination of employment. Notwithstanding the foregoing, in no event except as provided pursuant to Section 12 herein
shall the Employee receive payment of her salary in accordance with Section 2 herein and the cost of applicable benefits for a period of more than twelve months from the date of termination of employment without Just Cause. To receive compensation
under this section, employee agrees not to be employed at any financial institution, which maintains offices within Holmes County while receiving such compensation. Such employment will result in employee forfeiting any remaining compensation as
described in this section. 
  
 (d) If the Employee is removed
and/or permanently prohibited from participating in the conduct of The Killbuck Savings Bank Company’s affairs by an order issued under Section 8 (e) (4) or 8 (g) (1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818 (e)
(4) and (g) (1)), all obligations of The Killbuck Savings Bank Company under this Agreement shall terminate, as of the effective date of the order, but the vested rights of the parties shall not be affected. 
  
 (e) If The Killbuck Savings Bank Company is in default (as defined in Section
3 (x) (1) of FDIA) all obligations under this Agreement shall terminate as of the date of default, but this paragraph shall not affect any vested rights of the contracting parties. 
  
 (f) All obligations under this Agreement shall be terminated, except as to the extent determined that continuation of this
Agreement is necessary for the continued operation of The Killbuck Savings Bank Company (i) by the Superintendent of the Division of Financial Institutions, or his designee, at the time that the Federal Deposit Insurance Corporation
(“FDIC”) or the Resolution Trust Corporation enters into an agreement to provide assistance to or on behalf of The Killbuck Savings Bank Company under the authority contained in Section 13 (c) of FDIA; or (ii) by the Superintendent of the
Division of Financial Institutions, or his designee, at the time that the Superintendent of the Division of Financial Institutions, or his designee, approves a supervisory merger to resolve problems related to operation of The Killbuck Savings Bank
Company or when The Killbuck Savings Bank Company is determined by the Superintendent of the Division of Financial Institutions to be in an unsafe or unsound condition. Any rights of the parties that have already vested, however, shall not be
affected by such action. 
  
 (g) The voluntary termination by the
Employee during the term of this Agreement with the delivery of no less than 60 days written notice to the Board of Directors, other than pursuant to Section 12 (b) in which case the Employee shall be entitled to receive only the compensation,
vested rights, and all employee benefits up to the date of such termination. 
  

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 (h) Notwithstanding anything herein to the contrary, any payments made to the Employee pursuant to the
Agreement or otherwise, shall be subject to and conditioned upon compliance with 12 USC Sec. 1828 (k) and any regulations promulgated thereunder. 
  
 10. Suspension of Employment. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of The Killbuck Savings
Bank Company’s affairs by a notice served under Section 8 (e) (3) or (g) (1) of the FDIA (12 U.S.C. 1818 (e) (3) and (g) (1)), The Killbuck Savings Bank Company’s obligations under the Agreement shall be suspended as of the date of
service, unless stayed by appropriate proceedings. If the charges in the notice are dismissed, The Killbuck Savings Bank Company may in its discretion (i) pay the Employee all or part of the compensation withheld while its contract obligations were
suspended and (ii) reinstate any of its obligations which were suspended. 
  
 11. Disability. If the Employee shall become disabled or incapacitated to the extent that she is unable to perform her duties hereunder, by reason of medically determinable physical or mental impairment, as
determined by a doctor engaged by the Board of Directors, Employee shall nevertheless continue to receive the compensation and benefits provided under the terms of this Agreement in accordance with The Killbuck Savings Bank Company’s disability
policy, as in effect on the date she becomes disabled. Such benefits noted herein shall be reduced by any benefits otherwise provided to the Employee during such period under the provisions of disability insurance coverage in effect for The Killbuck
Savings Bank Company’s employees. Thereafter, Employee shall be eligible to receive benefits provided by The Killbuck Savings Bank Company under the provisions of disability insurance coverage in effect for The Killbuck Savings Bank
Company’s employees. Upon returning to active full-time employment, the Employee’s full compensation as set forth in this Agreement shall be reinstated as of the date of commencement of such activities. In the event that the Employee
returns to active employment on other than a full-time basis, then her compensation (as set forth in Section 2 of this Agreement) shall be reduced in proportion to the time spent in said employment, or as shall otherwise be agreed to by the parties
at the discretion of the Board of Directors. 
  
 12. Change in
Control. 
  
 (a) Notwithstanding any provision herein to the
contrary, in the event of the involuntary termination of Employee’s employment during the Term of this Agreement following any change in control of The Killbuck Savings Bank Company, absent Just Cause, Employee shall be paid an amount equal to
the product of 2.00 times the Employee’s “base amount” as defined in Section 280G (b) (3) of the Internal Revenue Code of 1986, as amended (the “Code”) and regulations promulgated thereunder. Said sum shall be paid, at the
option of employee, either in one (1) lump sum within thirty (30) days of such termination discounted to the present value of such payment using as the discount rate the “prime rate” as published in the Wall Street Journal Eastern Edition
as of the date of such payment minus 100 basis points, or in periodic payments over the next 24 months or the remaining term of this Agreement whichever is less, as if Employee’s employment had not been terminated, and such payments shall be in
lieu of any other future payments which the Employee would be otherwise entitle to receive under Section 9 of this Agreement. Notwithstanding the forgoing, all sums payable hereunder shall be reduced in such manner and to such extent so that no such
payments made hereunder when aggregated with all other payments to be made to the Employee by The Killbuck Savings Bank Company shall be deemed an “excess parachute payment” in accordance with Section 280G of the Code and be subject to the
excise tax provided at Section 4999(a) of the Code. The term “control” shall refer to the ownership, holding or power to vote more than 25% of the Holding Company’s voting stock, the control of the election of a majority of The
Killbuck Savings Bank Company’s directors, or the exercise of a controlling influence over the management or policies of The Killbuck Savings Bank Company by any person or by persons acting as a group within the meaning of Section 13(d) of the
Securities Exchange Act of 1934. The term “person” means an individual other than the Employee, or a corporation, partnership, trust, association, joint venture, pool, syndicate, sole proprietorship, unincorporated organization or any
other form of entity not specifically listed herein. 
  

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 (b) Notwithstanding any other provision of this Agreement to the contrary, Employee may voluntarily
terminate her employment during the Term of this Agreement following a change in control of The Killbuck Savings Bank Company, and Employee shall thereupon be entitled to receive the payment described in Section 12(a) of this Agreement, upon the
occurrence, or within one hundred eighty (180) days thereafter, of any of the following events, which have not been consented to in advance by the Employee in writing: (i) if Employee would be required to move her personal residence or perform her
principal executive functions more than thirty-five (35) miles from the Employee’s primary office as of the signing of this Agreement; (ii) if in the organizational structure of The Killbuck Savings Bank Company, Employee would be required to
report to a person or persons other than the Board of The Killbuck Savings Bank Company; (iii) if The Killbuck Savings Bank Company should fail to maintain Employee’s base compensation in effect as of the date of the Change in Control and the
existing employee benefits plans, including material fringe benefit, stock option and retirement plans, except to the extent that such reduction in benefit programs is part of an overall adjustment in benefits for all employees of The Killbuck
Savings Bank Company and does not disproportionately adversely impact the Employee; (iv) if Employee would be assigned duties and responsibilities other than those normally associated with her position as referenced at Section 1, herein; (v) if
Employee would not be elected or re-elected to the Board of Directors of The Killbuck Savings Bank Company or (vi) if Employee’s responsibilities or authority have in any way been diminished or reduced. 
  
 13. Successors and Assigns. 
  
 (a) This Agreement shall inure to the benefit of and be binding upon any
corporate or other successor of The Killbuck Savings Bank Company which shall acquire, directly or indirectly, by merger, consolidation, purchase or otherwise, all or substantially all of the assets or stock of The Killbuck Savings Bank Company.

  
 (b) Since The Killbuck Savings Bank Company is contracting for
the unique and personal skills of the Employee, the Employee shall be precluded from assigning or delegating her rights or duties hereunder without first obtaining the written consent of The Killbuck Savings Bank Company. 
  
 14. Amendments. No amendments or additions to this Agreement shall be
binding upon the parties hereto unless made in writing and signed by both parties, except as herein otherwise specifically provided. 
  
 15. Applicable Law. This Agreement shall be governed by all respects whether as to validity, construction, capacity, performance or otherwise, by
the laws of the State of Ohio, except to the extent that Federal law shall be deemed to apply. 
  
 16. Severability. The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions
hereof. 
  
 17. Arbitration. Any controversy or claim
arising out of or relating to this Agreement, or the breach thereof, shall be settled by arbitration in accordance with the rules then in effect of the district office of the American Arbitration Association (“AAA”) nearest to the home
office of The Killbuck Savings Bank Company, and judgment upon the award rendered may be entered in any court having jurisdiction thereof, except to the extent that the parties may otherwise reach a mutual settlement of such issue. The Killbuck
Savings Bank Company shall reimburse Employee for all reasonable costs and expenses, including reasonable attorneys’ fees, arising from such dispute, proceedings or actions, following the delivery of the decision of the arbitrator finding in
favor of the Employee. Further, the settlement of the dispute to be approved by the Board of Directors of The Killbuck Savings Bank Company may include a provision for the reimbursement by The Killbuck Savings Bank Company to the Employee for all
reasonable costs and expenses, including reasonable attorneys’ fees, arising from such dispute, proceedings or actions, or the Board of Directors of The Killbuck Savings Bank Company may authorize such reimbursement of such reasonable costs and
expenses by separate action upon a written action and determination of the Board of Directors following settlement of the dispute. 
  

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 18. Entire Agreement. This Agreement together with any understanding or modifications thereof as
agreed to in writing by the parties, shall constitute the entire Agreement between the parties hereto subject to the Laws of the State of Ohio. 
  
 IN WITNESS WHEREOF, the parties have executed this Agreement on the day and first hereinabove written. 
  

					
	 Signed in presence of
	 	 The Killbuck Savings Bank Company

			
	 /s/ Max A. Miller

	 	 By: 1.
	 	 /s/ Richard L. Fowler

	 Witness as to 1
	 	 	 	 Richard L. Fowler, Chairman

	 	 	 	 	 Board of Directors

			
	 /s/ Allan R. Mast

	 	 	 	 
	 Witness as to 1
	 	 	 	 
		
	 	 	 EMPLOYEE

			
	 /s/ Max A. Miller

	 	 By: 2.
	 	 /s/ Diane S. Knowles

	 Witness as to 2
	 	 	 	 Diane S. Knowles

	 	 	 	 	 Chief Financial Officer

			
	 /s/ Allan R. Mast

	 	 	 	 
	 Witness as to 2
	 	 	 	 

  

 -6-Second Amended and Restated Services Agreement, dated as of January 1, 1998

 Exhibit 10.2 
  
 SECOND AMENDED AND RESTATED SERVICES AGREEMENT 
  
 THIS SECOND AMENDED AND RESTATED SERVICES AGREEMENT (the “Agreement”) is made as of the 1st day of January
1998, by and among TRUMP CASINO SERVICES, L.L.C., a New Jersey limited liability company (“TCS”), TRUMP PLAZA ASSOCIATES, a New Jersey general partnership (“Plaza Associates”), TRUMP TAJ MAHAL ASSOCIATES, a
New Jersey general partnership (“Taj Associates”), TRUMP’S CASTLE ASSOCIATES, L.P., a New Jersey limited partnership (“Castle Associates”), and TRUMP INDIANA, INC., a Delaware corporation (“Trump
Indiana”). 
  
 W  I  T  N  E  S  S  E  T  H  : 
  
 WHEREAS, TCS, Plaza Associates and Taj Associates entered into that certain Services Agreement, dated as of July 8, 1996 (the “Original
Agreement”), pursuant to which TCS agreed to provide certain management, financial and other functions necessary and incidental to the operations of each of Plaza Associates’ and Taj Associates’ respective casino hotels, together with
all other activities and services reasonably necessary to carry out any of the foregoing; 
  
 WHEREAS, Plaza Associates and Taj Associates experienced substantial efficiencies and cost savings as a result of the consolidation of certain management, financial and other functions through TCS; 

 
 WHEREAS, in order to achieve similar efficiencies and cost savings,
Castle Associates entered into that certain Amended and Restated Services Agreement, dated as of October 23, 1996 with TCS, Plaza Associates and Taj Associates (the “Amended Agreement”); 
  
 WHEREAS, Trump Indiana now desires to achieve similar efficiencies and
cost savings by availing itself of the services of TCS; and 
  
 WHEREAS, TCS, Plaza Associates, Taj Associates and Castle Associates desire to amend and restate the Amended Agreement in order to, among other things, include Trump Indiana as a party. 
  
 NOW, THEREFORE, in consideration of the mutual covenants and
agreements herein contained and other good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 
  
 Section 1. Appointment. Each of Plaza Associates, the
owner and operator of the Trump Plaza Hotel and Casino and Trump World’s Fair Casino (collectively, “Trump Plaza”), Taj Associates, the owner and operator of the Trump Taj Mahal Casino Resort (the “Taj Mahal”), Castle
Associates, the owner and operator of Trump Marina Hotel Casino (“Trump Marina”), and Trump Indiana, the owner and operator of a riverboat casino located at Buffington Harbor on Lake Michigan, Indiana (the “Indiana Riverboat”),
hereby appoints TCS to act as provider of the Services to Plaza Associates, Taj Associates, Castle Associates and Trump Indiana, respectively. TCS hereby accepts such appointment and agrees to furnish the Services in accordance with the terms of
this Agreement. The parties hereto hereby acknowledge and 

  

 
agree that TCS may provide the Services directly or through any subsidiary of TCS, including, without limitation, Trump Communications, L.L.C., a New Jersey
limited liability company, and that for purposes of Section 4 of this Agreement, Services Expenses and Organizational Expenses shall include expenses relating to any subsidiary of TCS. 
  
 Section 2. Services to be Provided. 
  
 (a) As used herein, the term “Services” shall mean certain management, financial and accounting, purchasing, legal
and other functions necessary and incidental to the operations of each of Trump Plaza, the Taj Mahal, Trump Marina and the Indiana Riverboat, together with all other activities and services reasonably necessary to carry out any of the foregoing.

  
 (b) TCS hereby agrees to render such Services to Plaza
Associates, Taj Associates, Castle Associates and/or Trump Indiana as may be reasonably requested from time to time by Plaza Associates, Taj Associates, Castle Associates and/or Trump Indiana, as the case may be. TCS shall provide the Services in
the manner and at a level of service consistent in all material respects with those furnished by TCS to Plaza Associates, Taj Associates and Castle Associates, and by Trump Indiana on its own behalf, immediately prior to the date hereof and in
conformance with all applicable statutes and regulatory requirements. TCS shall provide the Services in such a manner that (1) neither Plaza Associates, Taj Associates, Castle Associates nor Trump Indiana is unfairly advantaged or discriminated
against and (ii) neither Plaza Associates, Taj Associates, Castle Associates nor Trump Indiana realizes a competitive advantage over the other. 
  
 (c) In providing the Services hereunder, the management of TCS shall be directed by its Chief Executive Officer and its Operating Committee regarding
matters of policy, purpose, responsibility and authority. The Operating Committee of TCS shall be comprised of the Executive Vice President of TCS and the Chief Operating Officers of Plaza Associates, Taj Associates, Castle Associates and Trump
Indiana, each of whom shall retain the ability to direct management and employees of TCS regarding administrative matters and daily operations of Trump Plaza, the Taj Mahal, Trump Marina and the Indiana Riverboat, respectively. 
  
 (d) In providing the Services hereunder, TCS agrees to procure goods and
services on behalf of Plaza Associates, Taj Associates and Castle Associates, giving due regard to the obligations of each with respect to utilizing New Jersey certified minority-owned and women-owned business enterprises, and in procuring goods and
services on behalf of Trump Indiana, to give due regard to Trump Indiana’s commitment to utilize Indiana certified minority-owned and women-owned business enterprises. 
  
 Section 3. Compensation. Except for payments made in accordance with Section 4 of this Agreement, TCS
shall receive no compensation for providing the Services to Plaza Associates, Taj Associates, Castle Associates and/or Trump Indiana. 
  
 Section 4. Payment of Expenses. 
  
 (a) With respect to the Services provided, Plaza Associates, Taj Associates, Castle Associates and/or Trump Indiana, as the case may be, shall pay to TCS
an amount 

  

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sufficient to fund all of the costs and expenses incurred by TCS in providing such Services to Plaza Associates, Taj Associates, Castle Associates and/or
Trump Indiana, as the case may be (“Services Expenses”), including, without limitation, the following; 
  
 (1) all payroll and employee benefits and related costs associated with the employees utilized by TCS in providing the Services;

  
 (2) all secretarial, photocopying,
telecommunications, office supplies and other support services utilized by TCS in providing the Services; 
  
 (3) all reasonable travel, food and lodging expenses incurred by TCS in connection with providing the Services; 
  
 (4) all fees and expenses of outside vendors and consultants
utilized by TCS in providing the Services; 
  
 (5) all overhead and other expenses incurred in the ordinary course of providing the Services to Plaza Associates, Taj Associates, Castle Associates and/or Trump Indiana; and 
  
 (6) all insurance premiums and all expenses for legal and independent accountants’ services utilized by
TCS in providing the Services. 
  
 (b) All expenses incurred by
TCS which are directly allocable to or are incurred on behalf of Plaza Associates, Taj Associates, Castle Associates or Trump Indiana, as the case may be, shall be paid by Plaza Associates, Taj Associates, Castle Associates or Trump Indiana, as
appropriate. In the case of Services which are not directly allocable to or are incurred on behalf of Plaza Associates, Taj Associates, Castle Associates and/or Trump Indiana, Services Expenses shall be allocated to Trump Indiana proportionately to
the ratio of Trump Indiana’s square footage of gaming space to the aggregate square footage of gaming space operated by Plaza Associates, Taj Associates, Castle Associates and Trump Indiana combined. Services Expenses not so allocated to Trump
Indiana shall be apportioned equally among Plaza Associates, Taj Associates and Castle Associates. 
  
 (c) Services Expenses and Organizational Expenses (as defined) shall be invoiced by TCS to Plaza Associates, Taj Associates, Castle Associates and/or
Trump Indiana, as the case may be, in such manner and at such times as determined by mutual agreement of the parties hereto. Plaza Associates, Taj Associates, Castle Associates and/or Trump Indiana, as the case may be, shall pay such Services
Expenses and Organizational Expenses as invoiced promptly upon receipt thereof. Alternatively, accounts may be established with TCS in the name of Plaza Associates, Taj Associates, Castle Associates and/or Trump Indiana, as the case may be, for
payment in respect of Services Expenses and Organizational Expenses incurred by them. 
  
 (d) All organizational expenses incurred by TCS following the date of this Agreement, including, without limitation, fees of the Secretary of State of the State of New Jersey, the Casino Control Commission of the
State of New Jersey (the “CCC”), the New Jersey Division of Gaming Enforcement (the “NJDGE”), the Indiana Gaming Commission (the “IGC”), and any other fees or expenses that are or may be required to be paid or incurred
in order for 

  

 3 

 
TCS to preserve and keep in full force its existence as a limited liability company (or, in the case of any subsidiary of TCS, the applicable organizational
form of such subsidiary) (“Organizational Expenses”) shall be paid by Plaza Associates, Taj Associates, Castle Associates and Trump Indiana, each being individually responsible for 25% of Organizational Expenses; provided that, (i) all
Organizational Expenses related to the CCC, the NJDGE or any other governmental authority that regulates gaming in the State of New Jersey (“NJ Gaming Organizational Expenses”) shall be paid by Plaza Associates, Taj Associates and Castle
Associates, each being individually responsible for 33-1/3% of NJ Gaming Organizational Expenses and (ii) all Organizational Expenses related to the IGC or any other governmental authority that regulates gaming in the State of Indiana (“Indiana
Gaming Organizational Expenses”) shall be paid by Trump Indiana, it being individually responsible for 100% of Indiana Gaming Organizational Expenses. 
  
 (e) At the end of each calendar year, TCS, Plaza Associates, Taj Associates, Castle Associates and Trump Indiana shall, based upon the audited financial
statements for such prior calendar year, reconcile any overpayments or underpayments which may have occurred during such prior calendar year. 
  
 Section 5. Independent Contractor Status. 
  
 (a) For all purposes herein, TCS shall be deemed to be an independent contractor of Plaza Associates, Taj Associates, Castle Associates and/or Trump
Indiana, as the case may be, and none of the parties hereto shall act, represent or hold itself out as having authority to act as an agent or partner of either of the other parties hereto. Nothing contained in this Agreement shall be construed as
creating a partnership, joint venture, agency, trust or other association of any kind, each party to this Agreement being individually responsible only for its own obligations as set forth in this Agreement. 
  
 (b) Nothing in this Agreement shall in any way limit Plaza Associates, Taj
Associates, Castle Associates or Trump Indiana in the ownership and operation of Trump Plaza, the Taj Mahal, Trump Marina or the Indiana Riverboat, respectively, it being hereby acknowledged and agreed that Plaza Associates, Taj Associates, Castle
Associates and Trump Indiana are responsible for the entire operation of Trump Plaza, the Taj Mahal, Trump Marina and the Indiana Riverboat, respectively. 
  
 Section 6. Term. This Agreement shall be deemed to have commenced on the date hereof and shall continue for a term of ten (10) years
unless terminated earlier by any party hereto upon ninety (90) days prior written notice to each of the other parties hereto. 
  
 Section 7. Miscellaneous. 
  
 (a) Waiver, Amendment. Neither this Agreement nor any provision hereof shall be waived, amended, modified, changed, discharged or terminated except
by an instrument in writing executed by TCS, Plaza Associates, Taj Associates, Castle Associates and Trump Indiana. 
  
 (b) Assignment. Neither this Agreement nor any right, remedy, obligation or liability arising hereunder or by reason hereof shall be assignable by
TCS, Plaza Associates, Taj 

  

 4 

 
Associates, Castle Associates or Trump Indiana, without the prior written consent of each of the other parties hereto. Any such attempted assignment without
such prior written consent shall be void and of no force or effect. Notwithstanding this Section 7(b), the parties hereto acknowledge and agree that, without the consent of or any further action by the parties hereto, this Agreement shall be deemed
assigned by Trump Indiana to any entity that Trump Indiana consolidates with, merges with or into, converts into or transfers all or substantially all of its property and assets to, provided that such entity is a wholly owned subsidiary of Trump
Hotels & Casino Resorts Holdings, L.P. (“THCR Holdings”). 
  
 (c) Entire Agreement. This Agreement sets forth the entire agreement and understanding of the parties hereto with respect to the transactions contemplated hereby and supersedes any and all prior and contemporaneous agreements and
understandings relating to the subject matter hereof. No representation, promise or statement of intention has been made by any party hereto which is not embodied in this Agreement and no party hereto shall be bound by or liable for any alleged
representation, promise or statement of intention not set forth herein. 
  
 (d) Severability. If any one or more of the provisions of this Agreement or the application of any such provision or provisions to any person or circumstance shall be held invalid, illegal or unenforceable in any respect for any
reason, the validity, legality and enforceability of any such provision or provisions in every other respect and of the remaining provisions shall not in any way be affected or impaired thereby, it being understood that all of the provisions of this
Agreement shall be enforceable to the full extent permitted by law. 
  
 (e) Section Headings. The section headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 
  
 (f) Counterparts. This Agreement may be executed in any number of
counterparts, each of which when so executed and delivered shall be deemed to be an original as against any party whose signature appears thereon and all of which shall together constitute one and the same instrument. 
  
 (g) Gaming Laws. Each of the provisions of this Agreement is subject
to and shall be enforced in compliance with the laws, rules, regulations or ordinances governing state gaming activities, any administrative rules or regulations promulgated thereunder and any provisions, regulations or approvals required by any
state gaming authority, including, without limitation, the CCC, the NJDGE and the IGC. Pursuant to 68 IAC 1-4-1, the IGC shall have the right to subsequently disapprove and cancel this Agreement with respect to Trump Indiana. 
  
 (h) Third Party Rights. Nothing in this Agreement is intended or shall
be construed to confer upon or give any person, other than the parties hereto, Trump Atlantic City Associates, Trump Hotels & Casino Resorts, Inc. and THCR Holdings and each of their respective successors and permitted assigns, any rights or
remedies under or by reason of this Agreement or any transaction contemplated hereby. 
  
 (i) Limitation on Damages. No party shall be liable to the other parties for any consequential damages resulting from a breach of this Agreement. 
  

 5 

 (j) No Adverse Interpretation of Other Agreements. This Agreement may not be used to interpret any
other agreement of the parties hereto, and no such agreement may be used to interpret this Agreement. 
  
 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the date first written above. 
  

					
	TRUMP CASINO SERVICES, L.L.C.
		
	By:	 	Trump Atlantic City Corporation, a member
			
	 	 	By:	 	 /s/    NICHOLAS L. RIBIS

	 	 	 Name:
	 	 Nicholas L. Ribis

	 	 	 Title:
	 	 Vice President

  

					
	TRUMP PLAZA ASSOCIATES
		
	By:	 	Trump Atlantic City Associates, its managing general partner
		
	By:	 	Trump Atlantic City Holding, Inc., its managing general partner
			
	 	 	By:	 	 /s/    BARRY CREGAN

	 	 	 Name:
	 	 Barry Cregan

	 	 	 Title:
	 	 President & Chief Operating Officer

  

					
	TRUMP TAJ MAHAL ASSOCIATES
		
	By:	 	Trump Atlantic City Associates, its managing general partner
		
	By:	 	Trump Atlantic City Holding, Inc., its managing general partner
			
	 	 	By:	 	 /s/    RODOLFO E. PRIETO

	 	 	 Name:
	 	 Rodolfo E. Prieto

	 	 	 Title:
	 	 Chief Operating Officer

  
 [Signatures
continued on next page] 
  

 6 

			
	TRUMP’S CASTLE ASSOCIATES, L.P.
		
	By:	 	 /s/    MARK BROWN

	 Name:
	 	 Mark Brown

	 Title:
	 	 President

  

			
	TRUMP INDIANA, INC.
		
	By:	 	 /s/    ROBERT M. PICKUS

	 Name:
	 	 Robert M. Pickus

	 Title:
	 	 Executive Vice President and Secretary

  

 7

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