Document:

EX-10.26

 EXHIBIT 10.26 

AMENDMENT TO SECOND AMENDED AND RESTATED 

EXCURSION BOAT SPONSORSHIP AND OPERATIONS AGREEMENT 

THIS AMENDMENT TO SECOND AMENDED AND RESTATED EXCURSION BOAT SPONSORSHIP AND OPERATIONS AGREEMENT (“Amendment”) is made and entered into this 16th day of February, 2010, by and between Iowa West Racing Association, an Iowa nonprofit corporation (hereinafter referred to as “Iowa West”), and Ameristar Casino Council Bluffs, Inc., an
Iowa corporation (hereinafter referred to as “Ameristar”). 
 WHEREAS, on October 7, 2002, Iowa West and Ameristar entered into that certain
Amended and Restated Excursion Boat Sponsorship and Operations Agreement (the “Original Agreement”), which became effective on January 1, 2003; and 

WHEREAS, on November 18, 2004, Iowa West and Ameristar amended the Original Agreement by the execution of a Second Amended and Restated Excursion Boat
Sponsorship and Operations Agreement (the “Amended Agreement”): and 
 WHEREAS, the term of the Original Agreement, as amended by the Amended
Agreement, expires on March 31, 2010; and
 WHEREAS, the parties hereto wish to amend the Amended Agreement to extend the term thereof and to amend
certain other terms and conditions of the Amended Agreement, as hereinafter set forth. 
 NOW THEREFORE, in consideration of the mutual covenants and
agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1. Effective as of April 1, 2010, Paragraph 4(a) of the Amended Agreement shall be of no further force and effect, other than as to operation
fees due under its provisions and not yet paid, and the following new Paragraph 4(a) shall be inserted in place thereof: 
 “(a)
Commencing with the period beginning on April 1, 2010 and continuing during the remaining term of this Agreement and any extensions of the term, Ameristar shall pay to Iowa West an operation fee equal to three percent (3%) of all of the Adjusted
Gross Receipts generated by the Ameristar excursion gambling boat each calendar year. The operation fee shall be paid monthly on or before the 10th day of the month following the month in which the Adjusted Gross Receipts were generated upon which
such operation fee is based. As used herein, the term “Adjusted Gross Receipts” shall have the same meaning as set forth in Section 99F.1(1) of the Iowa Code. For purposes of this Paragraph 4 (a), all operation fees for periods prior to
April 1, 2010, shall be determined and paid as provided in Paragraph 4(a) of the original 

 
Amended Agreement. The operation fees received by Iowa West will be distributed in accordance with the requirements of Iowa law, including the requirements of §99F.5 of the Iowa Code.
Notwithstanding anything in this Agreement that may be to the contrary, to the extent the cumulative operation fees paid by Ameristar for the period January 1, 2010 through March 31, 2010, exceed three percent (3%) of the cumulative Adjusted Gross
Receipts generated by the Ameristar excursion gambling boat for the same period (such excess, the “Excess Operation Fees”), monthly payments of operation fees payable by Ameristar for the period beginning April 1, 2010 shall be reduced
dollar for dollar until the Excess Operation Fees have been fully recovered by Ameristar through such reductions. 
 2. Paragraph 6(b)(i) of
the Amended Agreement shall be amended by deleting that paragraph from the Amended Agreement and inserting the following new paragraph in place thereof: 

“(i) Grant Committee. Iowa West Foundation, an Iowa nonprofit corporation (the “Foundation”), shall permit each operator
of an excursion gambling boat or land-based gaming facility for which Iowa West or an affiliate serves as the qualified sponsoring organization (each, a “Sponsored Gaming Entity”) to appoint one (1) representative to the Foundation’s
Grant Committee (being an advisory committee to the board of directors of the Foundation); provided, however, that each person so appointed must, at the time of appointment, have obtained the age of majority and must be knowledgeable in matters
concerning the City of Council Bluffs, Iowa (the “City”) and Pottawattamie County, Iowa (the “County”) and the tax exempt purposes of the Foundation. Any such appointee shall execute and comply with the then current Code of
Conduct and Conflict of Interest Policy for the Foundation as a condition of being appointed to and serving on the Foundation’s Grant Committee. The Foundation may refuse to seat any such appointee who, based upon the reasonable and good faith
determination of the Foundation Board, does not meet such requirements, and any such appointee who is seated may be removed from the Foundation’s Grant Committee if such appointee does not comply with the provisions of this paragraph. If such
appointee is not seated or is removed, the Sponsored Gaming Entity that appointed such unqualified or removed appointee shall have the right to designate a qualified replacement. The Foundation’s Grant Committee shall consist of the number of
representatives named by the Sponsored Gaming Entities, plus those persons then serving as Council Members.” 
 3. Paragraph 6(b)(iv) of
the Amended Agreement shall be amended by deleting that paragraph from the Amended Agreement and inserting the following new paragraph in place thereof: 

“(iv) Public Relations Committee. Iowa West shall create a Public Relations Committee whose membership shall consist of: 

  
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 (A) One (1) member appointed by each Sponsored Gaming Entity; 

(B) One (1) member appointed by Iowa West; and 

(C) Two (2) “at-large” members selected and approved by the President of Iowa West from nominees representative of the public to be
named by each of the Sponsored Gaming Entities. 
 The purpose of the Public Relations Committee shall be to advise the board of directors of
Iowa West with respect to public relations activities and affairs; provided, that the ultimate authority for making decisions with respect to such matters shall reside in the board of directors. The Public Relations Committee shall meet at least
twice in each calendar year at the call of the chair of the Public Relations Committee and may submit written reports and recommendations to the Iowa West board. The member appointed by Iowa West shall serve as a liaison to the Iowa West board, and
shall make oral reports to the Iowa West board from time to time as requested by the Public Relations Committee. The Public Relations Committee shall have the opportunity to meet with the Iowa West board not less frequently than once per calendar
year.” 
 4. The term of the Amended Agreement, as set forth in Paragraph 7(a) of the Amended Agreement, shall be extended for an
additional five (5) years, to expire on March 31, 2015. 
 5. Provided that Ameristar is not in default under the Amended Agreement, as
further amended hereby, either at the time of exercise or at the time the Option Term (as hereinafter defined) is to commence, Ameristar shall have the option to extend the term of the Amended Agreement for one (1) additional term of three (3)
years, to expire on March 31, 2018 (the “Option Term”). Notice of the exercise of such option shall be given to Iowa West on or before October 1, 2014. If notice is not given to Iowa West on or before such date, this option shall lapse and
be of no further force or effect. If exercised, all terms and conditions of the Amended Agreement, as further amended hereby, shall be applicable to the Option Term. Any duty or obligation set forth in the Amended Agreement, or in this Amendment,
that is to be performed during the term of the Amended Agreement, shall also be performed during the Option Term if the option to extend the term is exercised. 

6. This Amendment shall only become effective upon approval of the Iowa Racing and Gaming Commission (the “Commission”). The parties
shall coordinate their efforts and cooperate with one another to seek this approval as expeditiously as possible. Until such time as this Amendment is approved by the Commission, the parties shall continue to perform the Amended Agreement as if this
Amendment had not been entered into by the parties. This Amendment will become immediately effective upon approval by the Commission. 

  
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 7. Except as specifically amended hereby, the Amended Agreement shall remain in full force and effect as
originally executed and approved by the Commission. This Amendment shall be binding on the successors and assigns of the parties hereto. Capitalized terms in this Amendment that are not otherwise defined herein shall have the respective meanings set
forth in the Amended Agreement. 
 [The remainder of this page is intentionally left blank] 

IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written at Council Bluffs, Iowa. 

 

									
	IOWA WEST RACING ASSOCIATION	 		 	AMERISTAR CASINO COUNCIL BLUFFS, INC.
					
	By:	 	/s/ Emma M. Chance	 		 	By:	 	 /s/ Peter C. Walsh

		 	IWRA President	 		 		 	Peter C. Walsh
		 		 		 		 	Vice President
					
	By:	 	 /s/ Deborah L. Bass
	 		 		 	
		 	IWRA Secretary	 		 		 	

  
 4EX-10.27

 EXHIBIT 10.27 

MODIFIED LOCAL DEVELOPMENT AGREEMENT  

THIS MODIFIED LOCAL DEVELOPMENT AGREEMENT (this “Modified Agreement”) is made effective, as of the Effective Date, pursuant to and in
accordance with the Authorizing Resolution. 
 RECITALS 

A. Licensee holds the East Chicago License and is the Licensed Owner of the East Chicago Riverboat. 

B. Showboat originally held the East Chicago License and was the first Licensed Owner of the East Chicago Riverboat. Showboat entered into
a Development Agreement memorialized in the East Chicago Development Agreement. Showboat and subsequent Licensed Owners of the East Chicago Riverboat made Economic Development Payments under the terms of the East Chicago Development Agreement. 

C. The East Chicago Development Agreement has been the subject of litigation involving Licensee, the City, FEC and Second Century and
administrative action by the Commission. 
 D. Resolution 2011-82 directed Licensee to request modification or termination and
replacement of the East Chicago Development Agreement. 
 E. Licensee negotiated in good faith with the City, FEC, Second Century and
other interested parties in an attempt to reach an agreement with them on the terms of a new agreement to replace the East Chicago Development Agreement, and Licensee arranged for and participated in formal mediation with the City, FEC, Second
Century and others on April 25 and 26, 2011. Licensee was unable to reach an agreement and submitted this Modified Agreement to the Commission as the modified agreement contemplated by Resolution 2011-82. 

F. The Commission adopted the Authorizing Resolution approving this Modified Agreement at the Commission’s June 2, 2011 meeting.

 TERMS OF AGREEMENT 
 In
recognition of the foregoing, the East Chicago Development Agreement is hereby modified in its entirety as follows: 
 1. DEFINITIONS 

1.1. Incorporated Terms. As used in this Modified Agreement, the following terms shall have the meanings ascribed to them in
IC 4-33-2, 68 IAC 1-1, or IC 4-33-23, as they may be amended from time to time: 
 1.1.1. The terms “Adjusted Gross
Receipts,” “Commission,” “Licensed Owner,” “Owner’s License,” “Person” and “Riverboat” shall have the same meaning ascribed to them in IC 4-33-2. 

 1.1.2. The term “Act” shall have the same meaning ascribed to it in 68 IAC 1-1.

 1.1.3. The terms “Affiliate,” “Development Agreement,” “Development Provider,” “Economic
Development Payment,” and “Specified Recipient” shall have the meaning ascribed to them in IC 4-33-23. 
 1.2. Defined
Terms. As used in this Modified Agreement, the following terms shall have the following meanings: 
 1.2.1. “1994 Letter
Agreement” means the letter from Showboat signed by its Executive Vice President and Chief Operating Officer, Thomas C. Bonner and dated April 8, 1994; 

1.2.2. “Authorizing Resolution” means an Order passed by the Commission approving this Modified Agreement. 

1.2.3. “City” means the City of East Chicago, Indiana. 

1.2.4. “Claim” means any judicial or administrative action or proceeding seeking any type of legal or equitable remedy,
including but not limited to any claim, complaint, motion, petition, proceeding, or any type of request. 
 1.2.5. “Designated
Account” means a “separate and segregated bank account” referenced in Emergency Rule 11-157(E) and IC 4-33-23, which may be an interest-bearing bank account, opened and maintained by a
Recipient with an FDIC-insured bank that is located in and has a corporate presence in the State of Indiana for use in accounting for and reporting the proceeds of Economic Development Payments made by Licensee to a Recipient under this Modified
Agreement. 
 1.2.6. “East Chicago Development Agreement” means, collectively: (i) the 1994 Letter Agreement;
(ii) the Other Documents; and (iii) any other prior written or oral understanding, agreement, representation, directive or obligation of any kind involving Ameristar, its predecessors or any other Licensed Owner of the East Chicago
Riverboat on the one hand and the City, any other unit of government, and/or any Person on the other, including any for the benefit of any others such as TCEF, ECCDF, FEC and/or Second Century, relating to any Economic Development Payment, any
Development Agreement or the other matters addressed in this Modified Agreement. 
 1.2.7. “East Chicago License” means the
Owner’s License issued by the Commission under IC 4-33-6 to allow a Person to own and operate the East Chicago Riverboat. 
 1.2.8.
“East Chicago Riverboat” means the Riverboat located in the City. 
 1.2.9. “ECCDF” means East Chicago
Community Development Foundation, Inc. 

  
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 1.2.10. “Effective Date” means 12:01 a.m. Eastern Time on the date
immediately following the date the Commission passes the Authorizing Resolution, or such other date and time designated in the Authorizing Resolution. 

1.2.11. “Emergency Rule 11-157(E)” means Emergency Rule LSA Document #11-157(E) enacted by the Commission by
Resolution 2011-81, published March 17, 2011, as the same may be subsequently adopted as a permanent rule, as and if amended, as the same may be amended from time to time, or any successor rule or regulation. 

1.2.12. “FEC” means Foundations of East Chicago, Inc., successor by merger to ECCDF and TCEF. 

1.2.13. “Force Majeure Event” means acts of God or the public enemy, war, riot, embargo, explosion, sabotage, flood, accident,
strikes, lockouts or other similar labor disturbances from whatever cause arising, enactment, promulgation or issuance of any laws, regulations, orders or decrees of any competent governmental, regulatory or judicial authority prohibiting
performance under this Modified Agreement, or any other circumstances of like character beyond Licensee’s control. 
 1.2.14.
“Held Account” means one or more separate, segregated account(s), which may be an interest-bearing account, opened and maintained by Licensee or the Commission at an FDIC-insured bank located in and having a corporate presence in
Indiana for use in accounting for and reporting the proceeds of Economic Development Payments made by Licensee to the Commission under this Modified Agreement. 

1.2.15. “Licensee” means Ameristar Casino East Chicago, LLC, an Indiana limited liability company. 

1.2.16. “Order” means a resolution, entry, order or other written statement by the Commission requiring certain action be
taken or not taken by Licensee or a Recipient. 
 1.2.17. “Other Documents” means, collectively: (i) The letter from
Showboat signed by its Executive Vice President and Chief Operating Officer, Thomas C. Bonner and dated April 18, 1995; (ii) That certain Side Agreement: East Chicago Second Century, Inc. dated December 22, 1998; (iii) That
certain Confirmation of Agreement and Implementation: East Chicago Second Century, Inc. dated February 26, 1999; and (iv) the Memorandum of Understanding dated August 25, 2000. 

1.2.18. “Petition for Approval” means a request or petition filed by Licensee with the Commission asking the Commission to
pass the Authorizing Resolution approving this Modified Agreement. 
 1.2.19. “Recipient” means each of the City and FEC.

 1.2.20. “Resolution 2011-81” means that certain resolution passed by the Commission on March 17, 2011, entitled A
Resolution Adopting an Emergency Rule Regarding Local Development Agreements. 

  
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 1.2.21. “Resolution 2011-82” means that certain resolution passed by the
Commission on March 17, 2011, entitled A Resolution to Direct Ameristar Casino East Chicago, LLC To (A) Request Modification of Current Local Development Agreement and (B) Refrain From Disbursing Funds From Segregated Accounts and
Paying Future Payments to Certain Entities. 
 1.2.22. “Second Century” means East Chicago Second Century, Inc., an
Indiana corporation. 
 1.2.23. “Showboat” means Showboat Marina Partnership. 

1.2.24. “Stated Purpose” means the stated purpose described in Section 2 of this Modified Agreement and shall be the
“stated purpose” and the “purpose of the agreement” referenced in Emergency Rule 11-157(E) and IC 4-33-23. 

1.2.25. “TCEF” means Twin City Education Foundation, Inc. 

1.2.26. “Term” means the period beginning on the Effective Date and ending on the date this Modified Agreement is terminated.

 2. PURPOSE 
 2.1. Parties
Generally. This Modified Agreement is a Development Agreement. Licensee is the Development Provider under this Modified Agreement. Each Recipient is either a party to this Modified Agreement or a Specified Recipient. Each Recipient is
responsible for fulfilling the obligations of a Specified Recipient provided in Emergency Rule 11-157(E) and IC 4-33-23. There are no other parties, Specified Recipients or intended third party beneficiaries to or of this Modified Agreement.

 2.2. Stated Purpose. The Stated Purpose of this Modified Agreement is to set forth the financial commitment of Licensee to provide
Economic Development Payments for use by a Recipient to support and assist economic development in the City through initiatives that: 

2.2.1. Modernize, revitalize, renovate and redevelop existing industrial and commercial facilities, districts and enterprises; 

2.2.2. Provide incentives to retain and expand existing businesses and industries; 

2.2.3. Provide incentives to attract new business and industry; 

2.2.4. Invest in infrastructure improvements and enhance transportation; 

2.2.5. Provide incentives to establish and improve the housing stock; 

2.2.6. Create funding mechanisms for use by commercial, industrial enterprises, and tax-exempt non-profit organizations in financing
quality development and improvements; 

  
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 2.2.7. Improve, enhance and promote the City’s port facilities and related
transportation and warehousing businesses; 
 2.2.8. Provide quality work force training; 

2.2.9. Enhance public safety; 

2.2.10. Revitalize and develop the City’s lake front; 

2.2.11. Stimulate job creation, development and modernization; 

2.2.12. Administer education, training and scholarship programs in the City for residents of the City; and 

2.2.13. Provide incentives to encourage the citizens, businesses and industries of the City and the general public to offer new goals
and projects consistent with the Stated Purpose of this Modified Agreement. 
 2.3. Use of Economic Development Payments. Except as
otherwise provided for in this Section 2.3, Economic Development Payments must be used exclusively to support and assist economic development in the City through initiatives described in Section 2.2 hereof. Notwithstanding the foregoing, a
Recipient may use a portion of the Economic Development Payments deposited into the Recipient’s Designated Account for reasonable and necessary administrative costs or expenses; provided, however, such administrative costs and expenses must be
reasonably and necessarily incurred by Recipient in performing the initiatives described in Section 2.2, they must be in accordance with all applicable state and federal laws and regulations, including Recipient’s fiduciary
responsibilities, and they must comply with the Recipient’s conflict of interest policies and oversight standards. 
 3. ENTIRE AGREEMENT 

This Modified Agreement supersedes all prior terms of the East Chicago Development Agreement and constitutes the entire understanding between
Licensee on the one hand and the Recipients or any other Person on the other with respect to the matters covered herein. The 1994 Letter Agreement, the Other Documents and all other agreements, directives or obligations relating to the East Chicago
Development Agreement are void and of no further legal effect. 
 4. ECONOMIC DEVELOPMENT PAYMENT 

4.1. Amount of Economic Development Payment. During the Term, subject to Section 4.2 of this Modified Agreement, Licensee agrees to
(i) pay one and five-eighths percent (1.625%) of Licensee’s Adjusted Gross Receipts from its operation of the East Chicago Riverboat into the City’s Designated Account and (ii) pay one and five-eighths percent
(1.625%) of Licensee’s Adjusted Gross Receipts from its operation of the East Chicago Riverboat into FEC’s Designated Account. All amounts paid by Licensee under this section are Economic Development Payments. Licensee makes no
representation or warranty whatsoever with respect to the amount of Adjusted Gross Receipts that may be generated from operation of the East Chicago Riverboat. 

  
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 4.2. Payment Terms. Licensee shall pay the Economic Development Payments as required by
Section 4.1 in monthly installments by direct deposit or wire transfer of immediately available funds within twenty (20) calendar days after the last day of each calendar month to the appropriate Designated Account and/or Held Account as
described below. The Economic Development Payments for the preceding calendar month shall be determined by reference to financial reports compiled by Licensee in accordance with the Act as those reports are regularly published by the Commission.
Licensee shall pay all Economic Development Payments by wire transfer or direct deposit to each Recipient’s respective Designated Account; provided, however, if directed by Order of the Commission, Licensee shall pay and continue to pay the
monthly Economic Development Payment installments into one or more Held Accounts instead of a Recipient’s or the Recipients’ Designated Accounts as the particular Order may require, until such time as the Commission may Order otherwise;
provided, further, if a Recipient brings a Claim challenging the terms of this Modified Agreement, including, any Claim objecting to or contesting the Economic Development Payment percentage(s), amount(s) or payment terms in this Section 4,
Licensee shall pay and continue to pay the monthly Economic Development Payment installments otherwise designated for that Recipient into a Held Account instead of that Recipient’s Designated Account until such Claim is fully and finally
resolved, and Licensee shall pay for its defense of the Claim by deducting the amount of its defense costs and expenses (including, but not limited to, reasonable attorneys’ fees) from the Economic Development Payments before License deposits
them into the Held Account. 
 4.3. Use of Designated Account. Designated Accounts shall be used solely for the purpose of accounting
for, reporting and distributing the proceeds of Economic Development Payments made by Licensee under this Modified Agreement. No other funds shall be deposited into a Designated Account nor shall any money deposited into a Designated Account be
commingled with any other funds. No money shall be withdrawn, transferred or spent from a Designated Account except (i) in accordance with the terms of this Modified Agreement, Emergency Rule 11-157(E) and IC 4-33-23 and (ii) to
support and assist economic development in the City through initiatives described in Section 2.2 hereof and for administrative purposes described in Section 2.3 hereof and for no other purpose. 

4.4. Licensee Obligations. Licensee’s sole obligation under this Modified Agreement is to pay the Economic Development Payments in
accordance with the terms of this Section 4. Licensee shall have no obligation to monitor, enforce or otherwise ensure the proper use of the Economic Development Payments by a Recipient; instead, the Commission shall have the authority and duty
to monitor and enforce compliance with the proper use of Economic Development Payments by the Recipients. IN NO EVENT SHALL LICENSEE HAVE ANY LIABILITY TO ANY RECIPIENT OR ANY OTHER PERSON FOR ANY INDIRECT, CONSEQUENTIAL, INCIDENTAL, SPECIAL,
PUNITIVE OR EXEMPLARY DAMAGES, HOWSOEVER CAUSED OR ARISING. 
 5. TERM AND TERMINATION 

5.1. Term. The Term of this Modified Agreement shall commence on the Effective Date and shall continue in force unless terminated in
accordance with Section 5.2. 
 5.2. Termination. This Modified Agreement shall terminate upon the occurrence of

  
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any of the following events: (i) termination or expiration of the East Chicago License or (ii) any final and non-appealable resolution, decision, decree or Order issued, or other action
taken, by the Commission to disapprove or terminate this Modified Agreement. 
 6. AUTHORITY OF COMMISSION 

6.1. General Authority. The Commission has authority over this Modified Agreement, including, without limitation, the authority to
disapprove all or part of this Modified Agreement, to verify and ensure payments made under this Modified Agreement, to verify and ensure expenditures by Recipients, to verify and ensure compliance with the purposes of this Modified Agreement, and
to act concerning modifications to this Modified Agreement. Any requests by the Commission for information or directives related to the exercise of the Commission’s authority hereunder shall be fully complied with by Licensee and Recipients.

 7. MISCELLANEOUS 
 7.1. Headings.
The section headings contained in this Modified Agreement are inserted for convenience only and shall not affect in any way the meaning or interpretation of this Modified Agreement. 

7.2. Notices. All notices and other communications given or made pursuant to this Modified Agreement shall be in writing and shall be
deemed effectively given: (i) upon personal delivery to the person to be notified, (ii) upon transmission when sent by facsimile or electronic mail in portable document format (.pdf), provided electronic confirmation of successful
transmission is received by the sender and a confirmation copy is sent on the same day as the facsimile transmission or electronic mail transmission in portable document format (.pdf), (iii) five (5) business days after having been sent by
registered or certified mail, return receipt requested, postage prepaid, or (iv) one (1) business day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt, in each
case to the intended recipient as set forth below: 

			
	 To the City:
	  	 Attention: Mayor
 City of East Chicago

4527 Indianapolis Blvd.
 East Chicago, IN 46312

		
	 With a copy to:
	  	 Attention: Corporation Counsel
 4525
Indianapolis Blvd.
 East Chicago, IN 46312
 Phone:
(219) 391-8291
 Fax: (219) 391-7011

		
	 To FEC:
	  	 Attention: Executive Director
 Foundations of
East Chicago, Inc.
 100 West Chicago Avenue
 East Chicago,
Indiana 46312
 Fax: (219) 392-4245

  
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	 With a copy to:
	  	 John W. Boyd, Esq.
 Barnes & Thornburg
LLP
 11 S. Meridian Street
 Indianapolis, IN 46204

Fax: (317) 231-7433
 john.boyd@btlaw.com

		
	 To Licensee:
	  	 Attention: General Manager
 Ameristar Casino
East Chicago, LLC
 777 Ameristar Boulevard
 East Chicago, IN
46312

		
	 With a copy to:
	  	 Joseph L. Champion/D. Rusty Denton
 Bingham
McHale LLP
 2700 Market Tower
 10 West Market Street

Indianapolis, IN 46204
 Phone: (317) 968-5370

Fax: (317) 236-990
 jchampion@binghammchale.com

ddenton@binghammchale.com
  

and
  

Attention: General Counsel
 Ameristar Casinos, Inc.

16633 Ventura Boulevard, Suite 1050
 Encino, California
91436
 Phone: (702) 567-7048
 Fax:
(702) 733-8478

 Any Person may give any notice, request, demand, claim, or other communication hereunder using any other means
(including personal delivery, expedited courier, messenger service, telex, ordinary mail, or electronic mail), but no such notice, request, demand, claim, or other communication shall be deemed to have been duly given unless and until it actually is
received by the Person for whom it is intended. The address to which notices, requests, demands, claims, and other communications hereunder are to be delivered may be changed by giving notice in the manner herein set forth. 

7.3. Modifications and Waivers. Subject to any necessary consent and approval of the Commission or as otherwise authorized by law,
Licensee may modify this Modified Agreement at any time and from time to time. 

  
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 7.4. Severability. Any term or provision of this Modified Agreement that is invalid or
unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or in any
other jurisdiction. If the disapproval of the Commission or the final judgment of a court of competent jurisdiction declares that any term or provision hereof is invalid or unenforceable, the body making the determination of invalidity or
unenforceability shall have the power to reduce the scope, duration, or area of the term or provision, to delete specific words or phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and
enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this Modified Agreement shall be enforceable as so modified after the expiration of the time within which the judgment, if any, may
be appealed. 
 7.5. Submission to Jurisdiction. Any action or proceeding arising out of or in connection with this Modified Agreement
shall be brought only in a state or federal court sitting in the State of Indiana, Marion County. 
 7.6. Governing Law. This Modified
Agreement shall be governed by and construed in accordance with the internal laws of the State of Indiana without giving effect to any choice or conflict of law provision or rule (whether of the State of Indiana or any other jurisdiction) that would
cause the application of laws of any jurisdiction other than those of the State of Indiana. 
 7.7. Force Majeure. No Person shall not
be responsible for any failure to perform or for any delay in performance of the terms or provisions of this Modified Agreement where the failure or delay is due to a Force Majeure Event. Should the performance of a Person be prevented or delayed by
such a Force Majeure Event, the Person shall be excused from further performance so affected for so long as the circumstances of the Force Majeure Event prevail. The time for performance by a Person shall be extended by a period of time equal to the
duration of the Force Majeure Event. 
 7.8. Binding Effect. This Modified Agreement, and all terms and provisions thereof, and
amendments hereto, shall be binding upon, shall inure to the benefit of, and shall be enforceable by the parties hereto and their respective successors, assigns, and legal representatives (including, in the case of Licensee, each subsequent Licensed
Owner of the East Chicago Riverboat). 
 7.9. Construction. Any reference to any federal, state, local or foreign law will also be
deemed to refer to such law as amended and all rules and regulations promulgated thereunder, unless the context otherwise requires. Pronouns in masculine, feminine and neuter genders will be construed to include any other gender, and words in the
singular form will be construed to include the plural and vice versa, unless the context otherwise requires. The words “this Modified Agreement”, “herein”, “hereof”, “hereby”, “hereunder” and words
of similar import refer to this Modified Agreement as a whole and not to any particular subdivision unless expressly so limited. 
 IN
ACCORDANCE WITH THE AUTHORIZING RESOLUTION, the Commission has approved this Modified Local Development Agreement, effective as of the Effective Date. 

  
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