Document:

September 30 2006 Form 10-Q Exhibit 10.1

                                            Exhibit 10.1

SECOND AMENDMENT TO CREDIT AGREEMENT

THIS SECOND AMENDMENT TO CREDIT AGREEMENT is made and dated as of July 25, 2006
(the "Second Amendment") among BOYD GAMING CORPORATION, a Nevada corporation (the
"Borrower"), the various financial institutions parties hereto (collectively, the "Lenders"), and
BANK OF AMERICA, N.A. ("Bank of America"), as administrative agent (in such capacity, the
"Administrative Agent") for the Lenders and amends that certain Credit Agreement dated as of May 20,
2004, as amended by the First Amendment to Credit Agreement dated as of June 10, 2005 (as amended and as the same may be
further amended or modified from time to time, the "Credit Agreement").

R E C I T A L S

WHEREAS, the Borrower has requested the Administrative Agent and the Lenders to amend certain
provisions of the Credit Agreement, and the Administrative Agent and the Lenders are willing to do so, on the terms and conditions
specified herein;

WHEREAS, the Borrower desires to transfer its interest in the South Coast Project;

WHEREAS, the Borrower has requested that the Lenders amend the Credit Agreement (i) to permit such
transfer and (ii) to make other amendments as described below; and

WHEREAS, the Required Lenders have agreed, subject to the terms and conditions hereinafter set forth, to
consent to such transfer and to amend the Credit Agreement in certain respects as set forth below.

NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the parties hereby agree as follows:

	Terms.  All terms used herein shall have the same meanings as in the Credit Agreement unless
otherwise defined herein.

	Amendment.  The Credit Agreement is hereby amended as follows:

	The following definitions shall be added to the Credit Agreement in appropriate alphabetical
sequence:

"Gaughan Affiliates" means Michael Gaughan and his Affiliates.

"South Coast Note" means that certain unsecured promissory note made by the Borrower
in favor of the Gaughan Affiliates pursuant to and in connection with the Disposition of the South Coast Project, as such note may be
amended, supplemented, restated or otherwise modified from time to time.

	The final sentence of the definition of the term "Consolidated Funded Indebtedness" in Section
1.01 of the Credit Agreement is hereby amended and restated to read in its entirety as follows:

"Notwithstanding the foregoing, Consolidated Funded Indebtedness shall not include (i) any public
Indebtedness (x) that has been defeased in accordance with the terms of the indenture or other agreement under which it was issued
or (y) that has been called for redemption and for which funds sufficient to redeem such Indebtedness have been set aside by the
Borrower or (ii) any amounts payable under the South Coast Note."

	The definition of the term "Fixed Charge Coverage Ratio" in Section 1.01 of the Credit
Agreement is hereby amended and restated to read in its entirety as follows:

"Fixed Charge Coverage Ratio" means, for any period, the ratio of (a) twelve month
trailing Consolidated EBITDA minus the aggregate amount of cash taxes (net of tax refunds received), Maintenance Capital
Expenditures and Restricted Payments of the Borrower and its Subsidiaries (excluding any Restricted Payments made by a Subsidiary
to the Borrower or to any Subsidiary) during such period to (b) consolidated scheduled principal payments and interest expense
(as defined in GAAP) of the Borrower and its Subsidiaries for such period.  Notwithstanding the foregoing, for purposes of the
computation of the Fixed Charge Coverage Ratio (i) the purchase of the Borrower's Capital Stock from the Gaughan Affiliates in
connection with the Disposition of the South Coast Project shall be excluded from Restricted Payments under clause (a) above so long
as the net cash proceeds from such Disposition comply with Section 7.05(h), and (ii) all principal and interest payable under
the South Coast Note shall be excluded from the computation under clause (b) above."

	Section 7.05 of the Credit Agreement is hereby amended and restated to read in its entirety
as follows:

"7.05Dispositions.  The Borrower will not, and shall cause
each Guarantor not to, directly or indirectly, make any Disposition or enter into any agreement to make any Disposition unless such
agreement includes an express condition precedent to closing that the Borrower shall have obtained all requisite consents under this
Agreement, except:

	Dispositions of obsolete or worn out property, whether now owned or hereafter acquired, in the
ordinary course of business;

	Dispositions of inventory in the ordinary course of business;

	Dispositions of equipment or real property to the extent that (i) such property is exchanged for credit
against the purchase price of similar replacement property or (ii) the proceeds of such Disposition are reasonably promptly applied to
the purchase price of such replacement property;

	Dispositions of property by the Borrower or any Guarantor to any other Guarantor or to the Borrower;

	Dispositions permitted by Section 7.04;

	any Disposition of the Barbary Coast Hotel and Casino and the Collateral used in connection therewith;

	any Disposition of the Stardust Resort and Casino and the Collateral used in connection therewith;

	the Disposition of the South Coast Project and the Collateral used in connection therewith to the Gaughan
Affiliates; provided that (i) the Minimum Proceeds (as defined in the Unit Purchase Agreement) to be received under the Unit
Purchase Agreement executed in connection with such Disposition shall not be reduced; (ii) not less than 75% of the consideration
received for such Disposition is paid in cash; and (iii) all of the net cash proceeds from such Disposition are used to reduce the
Outstanding Amount of the Revolving Loans; provided, further, that the Revolving Commitments shall not be reduced
in connection with such repayment; and

	Dispositions by the Borrower and the Guarantors not otherwise permitted under this
Section 7.05; provided that (i) at the time of such Disposition, no Default shall exist or would result from such
Disposition and (ii) the aggregate book value of all property Disposed of in reliance on this clause (i) in any fiscal year shall not exceed
$50,000,000;

provided, however, that any Disposition pursuant to clauses (a) through (i) shall be for fair
market value, as determined in good faith by the board of directors of the Person disposing such Collateral."

	Representations and Warranties.  The Borrower represents and warrants to the Administrative
Agent and the Lenders that, on and as of the date hereof, and after giving effect to this Second Amendment:

3.1   Authorization.  The execution, delivery and performance by the Borrower of this Second
Amendment has been duly authorized by all necessary action, and this Second Amendment has been duly executed and delivered by
the Borrower.

3.2   Binding Obligation.  This Second Amendment constitutes the legal, valid and binding obligation of
the Borrower, enforceable against it in accordance with its terms, except as enforceability may be limited by applicable bankruptcy,
insolvency, reorganization or similar laws affecting creditors' rights generally and by principles of equity.

3.3   No Legal Obstacle to Amendment.  The execution, delivery and performance of this Second
Amendment will not (a) contravene the Organizational Documents of the Borrower; (b) contravene any contractual restriction binding on
or affecting the Borrower or its property which contravention would have a Material Adverse Effect; (c) contravene any court decree,
order or Legal Requirement binding on or affecting the Borrower; or (d) result in, or require the creation or imposition of, any Lien on
any of the Borrower's properties.  Except as have been obtained prior to the date hereof, no authorization or approval of any
governmental authority is required to permit the execution, delivery or performance by the Borrower of this Second Amendment, or the
transactions contemplated hereby.

3.4   Incorporation of Certain Representations.  After giving effect to the terms of this Second
Amendment, the representations and warranties of the Borrower set forth in Article V of the Credit Agreement are true and correct in all
respects on and as of the date hereof as though made on and as of the date hereof, except as to such representations made as of an
earlier specified date.

3.5   Default. After giving effect to this Second Amendment, no Default or Event of Default under the
Credit Agreement has occurred and is continuing.

	Conditions, Effectiveness.  This Second Amendment shall become effective as of the date fist
written above (the "Second Amendment Effective Date") upon satisfaction of each of the following
conditions:

	The Administrative Agent shall have received a Consent of Lender in the form of Exhibit B executed
by the Required Lenders.

	The Administrative Agent shall have received an affirmation letter substantially in the form of Exhibit A from
each of the Guarantors.

	The Administrative Agent shall have received payment of all fees and expenses payable to it and its
counsel in connection with this Second Amendment.

	Miscellaneous.

5.1   Effectiveness of the Credit Agreement and the Notes.  Except as hereby expressly amended, the
Credit Agreement and the Notes shall each remain in full force and effect, and are hereby ratified and confirmed in all respects on and
as of the date hereof.  

5.2   Waivers.  This Second Amendment is limited solely to the matters expressly set forth herein and is
specific in time and in intent and does not constitute, nor should it be construed as, a waiver or amendment of any other term or
condition, right, power or privilege under the Credit Agreement or under any agreement, contract, indenture, document or instrument
mentioned therein; nor does it preclude or prejudice any rights of the Administrative Agent or the Lenders thereunder, or any exercise
thereof or the exercise of any other right, power or privilege, nor shall it require the Required Lenders to agree to an amendment,
waiver or consent for a similar transaction or on a future occasion, nor shall any future waiver of any right, power, privilege or default
hereunder, or under any agreement, contract, indenture, document or instrument mentioned in the Credit Agreement, constitute a
waiver of any other right, power, privilege or default of the same or of any other term or provision.

5.3   Counterparts.  This Second Amendment may be executed in any number of counterparts, and all
of such counterparts taken together shall be deemed to constitute one and the same instrument.

5.4   Governing Law.  This Second Amendment shall be governed by and construed in accordance with
the laws of Nevada.

IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be duly executed and
delivered as of the date first written above.
BOYD GAMING CORPORATION

By:  /s/ Paul J. Chakmak

Name: Paul J. Chakmak

Title:   Executive Vice President and 

Chief Financial Officer

BANK OF AMERICA, N.A., 

as Administrative Agent

By:  /s/ Chris M. Levine 

Name:  Chris M. Levine

Title:    Assistant Vice President

EXHIBIT A 

to Second Amendment

to Credit Agreement

July 25, 2006

The Guarantors under the

hereinafter-described

Credit Agreement

Re:Boyd Gaming Corporation

Gentlemen:

Please refer to (1) the Credit Agreement, dated as of May 20, 2004, as amended by the First
Amendment to Credit Agreement dated as of June 10, 2005 (as so amended, the "Credit Agreement"), by and among
BOYD GAMING CORPORATION, a Nevada corporation (the "Borrower"), the various financial institutions parties thereto
(collectively, the "Lenders"), and BANK OF AMERICA, N.A. ("Bank of America"), as administrative agent (in
such capacity, the "Administrative Agent") for the Lenders and (2) the Guaranty dated May 20, 2004 from the
addressee in favor of the Lenders and the Administrative Agent (the "Guaranty").  Pursuant to an amendment dated of even
date herewith, a copy of which is attached hereto, certain terms of the Credit Agreement were amended.  We hereby request that you
(i) acknowledge and reaffirm all of your obligations and undertakings under the Guaranty and (ii) acknowledge and agree
that the Guaranty is and shall remain in full force and effect in accordance with the terms thereof.

Please indicate your agreement to the foregoing by signing in the space provided below, and returning the
executed copy to the undersigned.
BANK OF AMERICA, N.A., 

as Administrative Agent

By:  /s/ Chris M. Levine 

Name:  Chris M. Levine

Title:    Assistant Vice President

Acknowledged and Agreed to

as of the date hereof:

MARE-BEAR, INC.,

a Nevada corporation

By:  /s/ Paul J. Chakmak

Name:  Paul J. Chakmak

Title:    Executive Vice President and Chief Financial Officer

SAM-WILL, INC.,

a Nevada corporation

By:  /s/ Paul J. Chakmak

Name:  Paul J. Chakmak

Title:    Executive Vice President and Chief Financial Officer

BOYD TUNICA, INC.,

a Mississippi corporation

By:  /s/ Paul J. Chakmak

Name:  Paul J. Chakmak

Title:    Executive Vice President and Chief Financial Officer

CALIFORNIA HOTEL FINANCE 

CORPORATION, a Nevada corporation

By:  /s/ Paul J. Chakmak

Name:  Paul J. Chakmak

Title:    Executive Vice President and Chief Financial Officer

CALIFORNIA HOTEL AND 

CASINO, a Nevada corporation

By:  /s/ Paul J. Chakmak

Name:  Paul J. Chakmak

Title:    Executive Vice President and Chief Financial Officer

BOYD ATLANTIC CITY, INC.,

a New Jersey corporation

By:  /s/ Paul J. Chakmak

Name:  Paul J. Chakmak

Title:    Executive Vice President and Chief Financial Officer

ELDORADO, INC.,

a Nevada corporation

By:  /s/ Paul J. Chakmak

Name:  Paul J. Chakmak

Title:    Executive Vice President and Chief Financial Officer

PAR-A-DICE GAMING CORPORATION,

an Illinois corporation

By:  /s/ Paul J. Chakmak

Name:  Paul J. Chakmak

Title:    Executive Vice President and Chief Financial Officer

BOYD KENNER, INC.,

a Louisiana corporation

By:  /s/ Paul J. Chakmak

Name:  Paul J. Chakmak

Title:    Executive Vice President and Chief Financial Officer

BOYD LOUISIANA L.L.C.,

a Nevada limited liability company

By:  /s/ Paul J. Chakmak

Name:  Paul J. Chakmak

Title:    Authorized Signer

M.S.W., INC.,

a Nevada corporation

By:  /s/ Paul J. Chakmak

Name:  Paul J. Chakmak

Title:    Executive Vice President and Chief Financial Officer

TREASURE CHEST CASINO, L.L.C.,

a Louisiana limited liability company

By:  /s/ Paul J. Chakmak

Name:  Paul J. Chakmak

Title:    Authorized Signer

BLUE CHIP CASINO, LLC, 

an Indiana limited liability company

By:BOYD GAMING CORPORATION, a

Nevada corporation, its sole member

By:  /s/ Paul J. Chakmak

Name: Paul J. Chakmak

Title: Executive Vice President and Chief Financial Officer

BOYD LOUISIANA RACING, INC.,

a Louisiana corporation

By:  /s/ Paul J. Chakmak

Name:  Paul J. Chakmak

Title:    Executive Vice President and Chief Financial Officer

BOYD RACING, L.L.C.,

 a Louisiana limited liability company

By:BOYD LOUISIANA RACING, INC., 

a Louisiana corporation, its sole member

By:  /s/ Paul J. Chakmak

Name:  Paul J. Chakmak

Title:    Executive Vice President and Chief Financial Officer

BOYD SHREVEPORT, L.L.C., 

a Louisiana limited liability company

By:BOYD KENNER, INC., a Louisiana 

corporation, its sole member

By:  /s/ Paul J. Chakmak

Name:  Paul J. Chakmak

Title:    Executive Vice President and Chief Financial Officer

BOYD RED RIVER, L.L.C., 

a Louisiana limited liability company

By:BOYD GAMING CORPORATION, a 

Nevada corporation, its sole member

By:  /s/ Paul J. Chakmak

Name:  Paul J. Chakmak

Title:    Executive Vice President and Chief Financial Officer

RED RIVER ENTERTAINMENT OF SHREVEPORT 

PARTNERSHIP IN COMMENDAM, a 

Louisiana partnership in commendam

By:BOYD SHREVEPORT, L.L.C., 

a Louisiana limited liability company, its general partner

By:BOYD KENNER, INC., a Louisiana 

corporation, its sole member

By:  /s/ Paul J. Chakmak

Name:  Paul J. Chakmak

Title:    Executive Vice President and Chief Financial Officer

COAST CASINOS, INC., a Nevada corporation

By:  /s/ Paul J. Chakmak

Name:  Paul J. Chakmak

Title:    Executive Vice President and Chief Financial Officer

COAST HOTELS AND CASINOS, INC., 

a Nevada corporation

By:  /s/ Paul J. Chakmak

Name:  Paul J. Chakmak

Title:    Executive Vice President and Chief Financial Officer

EXHIBIT B

to Second Amendment

to Credit Agreement

CONSENT OF LENDER

Reference is hereby made to the Credit Agreement dated as of May 20, 2004 among Boyd
Gaming Corporation, the Lenders party thereto and Bank of America, N.A., as Administrative Agent, as amended by the First
Amendment to Credit Agreement dated as of June 10, 2005.

The undersigned Lender hereby consents to the execution and delivery of the Second Amendment to the Credit
Agreement by the Administrative Agent on its behalf, substantially in the form of the most recent draft thereof presented to the
undersigned Lender.

Dated:  ______________, 2006
_____________________________

[Name of Institution]

By: __________________________

Name: ________________________

Title: _____________________________September 30 2006 Form 10-Q Exhibit 10.2

                                            Exhibit 10.2

STOCK PURCHASE AGREEMENT

THIS STOCK PURCHASE AGREEMENT (this "Agreement") is made and entered into as of August 1, 2006,
between Michael J. Gaughan ("Seller"), and Boyd Gaming Corporation, a Nevada corporation
("Purchaser").

A.Seller owns 15,790,005 shares of common stock of Purchaser (the "Stock").

B.Seller has entered into that certain Unit Purchase Agreement dated as of July 25, 2006, as amended by the
letter agreement dated as of August 1, 2006 (as so amended and as may be amended in the future, the "Unit
Purchase Agreement"), by and among Seller, Purchaser, Coast Hotels and Casinos, Inc., a Nevada corporation and
indirect, wholly owned subsidiary of Purchaser ("Coast"), and Silverado South Strip, LLC, a Nevada limited liability
company and wholly-owned subsidiary of Coast, pursuant to which Seller has agreed to, among other things, sell shares of Stock in the
Offering.  

C.Seller intends to sell 11,842,504 shares of the Stock (the "Firm Shares") in the Offering (as defined in
the Unit Purchase Agreement) and intends to grant the underwriters in the Offering an option (the "Over-Allotment
Option") to purchase up to an additional 500,000 shares of the Stock (the "Over-Allotment Shares") in
connection with the Offering.

D.Concurrent with and contingent upon the closing of the sale of the Firm Shares in the Offering, Purchaser desires to
purchase, and Seller desires to sell, 3,447,501 shares of the Stock owned by Seller (the "Initial Closing Shares"),
and concurrent with and contingent upon the closing of the last sale of the Over-Allotment Shares in connection with the Offering or the
expiration of the Over-Allotment Option without exercise, Purchaser desires to purchase, and Seller desires to sell, all Over-Allotment
Shares that are not sold in connection with the Offering (the "Subsequent Closing Shares"), in each case on the
terms and conditions hereinafter set forth.

D.All capitalized terms not defined herein shall have the definitions set forth in the Unit Purchase Agreement.

NOW, THEREFORE, the parties hereto, in consideration of the mutual terms, covenants and conditions hereinafter set forth, agree
as follows:

	PURCHASE

	Purchases of Stock.  

1.At the Initial Closing (as defined in Section III below), Purchaser agrees to purchase from Seller, and Seller agrees to sell to
Purchaser, the Initial Closing Shares, subject to the terms and conditions of this Agreement.  At the Initial Closing, title to the Initial
Closing Shares purchased from Seller pursuant to this Agreement shall pass to Purchaser.  

2. At the Subsequent Closing (as defined in Section III below), Purchaser agrees to purchase from Seller, and Seller agrees to
sell to Purchaser, the Subsequent Closing Shares, if any, subject to the terms and conditions of this Agreement.  At the Subsequent
Closing, title to the Subsequent Closing Shares purchased from Seller pursuant to this Agreement shall pass to Purchaser.

  

	Consideration.  

1.At the Initial Closing, as consideration for the sale and transfer of the Initial Closing Shares sold and transferred pursuant
hereto, Purchaser shall issue a note (the "Initial Closing Note") substantially in the form of Exhibit 6.10(d)(2) to the
Unit Purchase Agreement to Seller and shall deliver the Initial Closing Note to the Escrow Agent on behalf of Seller.  The Initial Closing
Note shall have an initial aggregate principal amount equal to the aggregate purchase price of the shares of Initial Closing Shares
purchased from Seller hereunder.

2.At the Subsequent Closing, if any, as consideration for the sale and transfer of the Subsequent Closing Shares sold and
transferred pursuant hereto, Purchaser shall issue a note (the "Subsequent Closing Note") substantially in the form
of Exhibit 6.10(d)(2) to the Unit Purchase Agreement to Seller and shall deliver the Subsequent  Closing Note to the Escrow Agent on
behalf of Seller.  The Subsequent Closing Note shall have an initial aggregate principal amount equal to the aggregate purchase price
of the shares of Subsequent Closing Shares purchased from Seller hereunder.

	Delivery of the Stock.  Seller agrees to deliver any and all share certificates representing Initial Closing Shares and, if any,
the Subsequent Closing Shares sold hereunder to Purchaser, properly endorsed to Purchaser, at the Initial Closing and Subsequent
Closing, as applicable.

	WARRANTIES OF PURCHASER AND SELLER.

	Warranties of Purchaser.  Purchaser has full corporate power and authority to enter into this Agreement and to
consummate the transactions that are contemplated by this Agreement and to perform its obligations hereunder.  All authorizations and
consents necessary for the execution and delivery of this Agreement on behalf of Purchaser have been obtained by Purchaser.  This
Agreement has been duly authorized, executed and delivered by or on behalf of Purchaser and constitutes a valid and binding
agreement of Purchaser enforceable against Purchaser in accordance with the terms hereof.

	Warranties of Seller.  Seller hereby represents and warrants to Purchaser as follows:

	Seller has full power, authority and legal right to enter into this Agreement and has the capacity to enter into this Agreement, to
make the representations, warranties and agreements made by Seller herein, and to consummate the transactions that are
contemplated by this Agreement and to perform his obligations hereunder.  This Agreement has been duly executed and delivered by
or on behalf of Seller and constitutes a valid and binding agreement of Seller enforceable against Seller in accordance with the terms
hereof.
	Seller acknowledges that he has had access to all of the information that he considers necessary or appropriate to make an
informed decision regarding the transactions contemplated by this Agreement and has such knowledge and experience in business and
financial matters generally and regarding Purchaser and its Subsidiaries so as to enable him to understand and evaluate the risks and
benefits of selling the Stock and to make an informed investment decision and to protect his own interest in connection with such
decision and the negotiation and execution of this Agreement and the consummation of the transactions contemplated hereby.  
	Intentionally Omitted.
	Seller has (a) good and marketable title to the Stock to be sold pursuant to this Agreement, free and clear of all Liens,
Encumbrances, claims or other obligations relating to any sale, transfer or delivery thereof (except as set forth on
Exhibit "A" attached hereto and pursuant to that certain Stockholders Agreement among Purchaser, William
S. Boyd, Seller and Franklin Toti, dated as of July 1, 2004) and upon the delivery of and payment for such shares of Stock, Seller will
deliver good and marketable title thereto, free and clear of all Liens, Encumbrances and claims whatsoever, and (b) all authorization
and approvals required by Law, to sell, transfer and deliver such shares of Stock to Purchaser hereunder.

	THE CLOSINGS.

	Place and Time of the Closings.  The closing of the purchase and sale of the Initial Closing Shares (the "Initial
Closing") shall take place concurrently with the closing of the sale of the Firm Shares in the Offering  at the offices of
Morrison & Foerster LLP, 19900 MacArthur Boulevard, Irvine, California 92612.  The closing of the purchase and sale of the
Subsequent Closing Shares, if any, (the  "Subsequent Closing") shall take place concurrently with the later to occur
of (i) the closing of the last purchase by the underwriters of the Over-Allotment Shares in connection with the Offering, or (ii) the
expiration of the Over-Allotment Option without exercise in full, at the offices of Morrison & Foerster LLP, 19900 MacArthur
Boulevard, Irvine, California 92612; provided that, in the event the underwriters in the Offering at any time prior to the expiration of the
Over-Allotment Option inform Seller that they will not exercise any remaining portion of the Over-Allotment Option, the Subsequent
Closing shall occur as promptly as practicable following the date such notice is given.  The Initial Closing and the Subsequent Closing
are each referred to as a "Closing" and collectively referred to as the "Closings." 

	Conduct of the Closings.

	At each Closing, Seller or its agents shall deliver to Purchaser:

	the certificate(s) for the Seller's Initial Closing Shares or the Subsequent Closing Shares, as applicable, being sold hereunder (the
"Certificates"); 
	an Assignment Separate From Certificate substantially in the form of Exhibit "B," with respect to the Initial
Closing Shares or the Subsequent Closing Shares, as applicable, duly endorsed to Purchaser; and
	an executed Spousal Consent in the form attached hereto as Exhibit "C."

	At each Closing, Purchaser or its agents shall deliver a duly executed Initial Closing Note or Subsequent Closing Note, as
applicable, to the Escrow Agent on behalf of the Seller.
	Upon reasonable request, Seller agrees to execute and deliver any additional documents reasonably deemed by Purchaser to be
necessary or desirable to complete the sale of the shares of Initial Closing Shares or the Subsequent Closing Shares, as
applicable.

	Conditions to the Closings.

	The obligation of Seller to effect each Closing is subject to the satisfaction of each of the following conditions prior to the Closing,
any of which may be waived in writing exclusively by Seller:

	The representations and warranties of Purchaser contained in this Agreement shall be true and correct in all respects on the date
hereof and at and as of the Closing as if made at and as of such time.  Seller shall have received a certificate signed on behalf of
Purchaser by its Chief Executive Officer to such effect.
	Purchaser shall have performed in all material respects all obligations required to be performed by it under this Agreement at or
prior to the Closing.  Seller shall have received a certificate signed on behalf of Purchaser by its Chief Executive Officer to such effect.

	The obligation of Purchaser to effect each Closing is subject to the satisfaction of each of the following conditions prior to the
Closing, any of which may be waived in writing exclusively by Purchaser:

	The representations and warranties of Seller: (i) contained in Sections II(B)(1) and (4) of this Agreement shall be true and
correct in all respects on the date hereof, and shall be true and correct in all respects at and as of the Closing (without any exceptions
contained therein) as if made at and as of such time; and (ii)  contained in Section II(B)(2) of this Agreement shall be true and
correct in all material respects on the date hereof and at and as of the Closing as if made at and as of such time.  Purchaser shall have
received a certificate signed by Seller to such effect.  
	Seller shall have caused Seller's spouse to execute, and Seller shall have delivered to Purchaser, the Spousal Consent in the form
attached hereto as Exhibit "C".
	Seller shall have performed in all material respects all obligations required to be performed by it under this Agreement at or prior to
the Closing.  Purchaser shall have received a certificate signed by Seller to such effect.  

	INDEMNIFICATION.  Seller and Purchaser agree that any indemnification obligations of the parties hereto shall be
governed by and subject to the terms of the Unit Purchase Agreement.

	MISCELLANEOUS.

	Assignment; Binding Effect.  Neither this Agreement nor any of the rights, interests or obligations hereunder shall be
assigned without the prior written consent of each party hereto, and any purported assignment in violation hereof shall be void ab
initio.  All the terms and provisions of this Agreement shall be binding upon and inure to the benefit of and be enforceable by the
respective heirs and permitted successors and assigns of Purchaser and Seller.

	Governing Law.  This Agreement and the transactions contemplated hereby, and all disputes between the parties under
or related to this Agreement or the facts and circumstances leading to its execution, whether in contract, tort or otherwise, shall be
governed by and construed in accordance with the Laws of the State of Nevada, applicable to contracts executed in and to be
performed entirely within the State of Nevada.

	Entire Agreement.  The Unit Purchase Agreement, this Agreement and the exhibits hereto and thereto and all other
agreements contemplated by the Unit Purchase Agreement comprise the entire agreement of the parties with respect to the subject
matter hereof and thereof, and no representations or warranties have been made by Purchaser or Seller not contained herein or
therein, and no statements, written or oral, made by one of the parties to the other (except as contained or provided for herein) shall be
deemed to have been relied upon by the other.

	Counterparts.  This Agreement may be executed in any number of counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same instrument.

	Notices.  All notices and other communications hereunder shall be in writing and shall be deemed given if delivered
personally, faxed (which is confirmed) or mailed by registered or certified mail (return receipt requested) to the parties at the following
addresses (or at such other address for a party as shall be specified by like notice).  If any such notice or other communication
hereunder is mailed in accordance with the foregoing, a copy, which shall not constitute notice hereunder, shall be concurrently faxed to
the recipient party at the applicable fax numbers noted below (or at such other fax number for a party as shall be specified by like
notice):

(a)If to Purchaser, to:

	
   Boyd Gaming Corporation

   2950 Industrial Road

   Las Vegas, NV  89109-1100

   Attn:  Chief Financial Officer and General Counsel

   Fax: (702) 792-7335
	 
	
   with a copy to:
	 
	
   Morrison & Foerster LLP

   19900 MacArthur Boulevard

   Irvine, CA  92612-2445

   Attn:  Robert M. Mattson, Jr., Esq.

   Fax:  949-251-7438

(b)If to Seller, to

	
   Michael J. Gaughan
	 
	
   Prior to the Closing (as defined in the Unit Purchase Agreement):
	
   c/o Coast Hotels and Casinos, Inc.
	
   4500 West Tropicana Avenue
	
   Las Vegas, NV 89103
	
   Fax: (702) 365-7566
	 
	
   Following the Closing (as defined in the Unit Purchase Agreement):
	
   9777 Las Vegas Blvd. South
	
   Las Vegas, NV 89183
	
   Fax: (702) 797-8001
	 
	
   with a copy to:
	 
	
   Gibson, Dunn & Crutcher LLP

   333 South Grand Avenue

   Los Angeles, CA  90071-3197

   Attn:  Karen E. Bertero, Esq.

   Fax:  (213) 229-6360

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

"PURCHASER"

BOYD GAMING CORPORATION, a Nevada corporation

 

By:/s/ William S. Boyd

Name:  William S. Boyd

Title:  Chairman and Chief Executive Officer

 

"SELLER"

 

/s/ Michael J. Gaughan

 Michael J. Gaughan

EXHIBIT "A"

Title Exception

The shares of common stock of Purchaser currently owned by Seller are subject to that certain Pledge Agreement, dated as of
June 29, 2004, as amended from time to time, between Seller, Martha P. Gaughan and Bank of America, N.A., as secured party, as
such Pledge Agreement has been modified by that certain Agreement Regarding Substitution of Collateral and Lien Releases, dated as
of July 25, 2006, as amended, by and among Seller, Purchaser, Martha P. Gaughan and Bank of America, N.A.

EXHIBIT "B"

Assignment Separate from Certificate

ASSIGNMENT SEPARATE FROM CERTIFICATE

FOR VALUE RECEIVED ________________ hereby sells, assigns and transfers unto __________________________
___________________ (_______) shares of Common Stock of Boyd Gaming Corporation, a Nevada corporation, standing in the
undersigned's name on the books of said corporation represented by Certificate(s) No. ____________ herewith, and does
hereby irrevocably constitute and appoint _________________________ attorney to transfer the said stock on the books of the said
corporation with full power of substitution in the premises.

 

Dated:  _____________, 2006

Signature ______________________________

 

Signature guaranteed:

______________________________

EXHIBIT "C"

Spousal Consent

Spousal Consent 

I hereby consent to the sale of shares of Stock as provided by that certain Stock Purchase Agreement (the
"Agreement") entered into as of ____________, 2006, by and between Michael J. Gaughan
("Seller"), and Boyd Gaming Corporation, a Nevada corporation ("Purchaser"), including any
such shares of Stock in which I may have a community property interest. 

All capitalized terms not defined herein shall have the definitions set forth in the Agreement.

(Signature of Spouse)

Print Name: 

Date: ________________________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00112-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00112-of-00352.parquet"}]]