Document:

Filed by Bowne Pure Compliance

Exhibit 10(q)

Solutia Inc. Non-Employee Director Deferral Plan

2009 Deferral Election Form

Please type or print clearly using black or blue ink.
You should complete and return this form in the enclosed envelope to Solutia Inc. by December 15, 2008.

	 	 	 
	Information About You
	 	 
	 
	Name:
	 	 
	Address:
	 	 
	Social Security Number:

	 	Daytime Phone (            )
	Date of Birth:
	 	 

Instruction

Please make your elections carefull.

	•	 	The deferral election made on this form will apply to the compensation paid in 2009.

	•	 	You may defer up to 100% of your 2009 compensation and 100% of any restricted stock units
granted in 2009.

	•	 	You may elect to have your deferred compensation credited with either the return on company
stock or the Prime Rate.

	•	 	All deferrals of restricted stock units will be invested in Solutia stock.

1. Amount of Deferral

	•	 	You may defer up to 100% of your 2009 retainer compensation and 100% of any restricted
stock units granted in 2009.

	o	 	I elect to defer
 _____% (in whole %) of my 2009 retainer compensation into the Solutia Inc.
Non-Employee Director Deferred Compensation Plan.

	o	 	I elect to defer 100% of any restricted stock units granted in 2009 into the Solutia Inc.
Non-Employee Director Deferred Compensation Plan.

2. Investment Credits

	o	 	I elect to invest
 _____% (in whole %) of my 2009 deferred retainer compensation in the
Prime Rate.

	o	 	I elect to invest
 _____% (in whole %) of my 2009 deferred retainer compensation into
Solutia stock.

	 	•	 	Note that this election shall be irrevocable and any amounts deferred into company
stock will be paid in stock.

 

 

 

Beneficiary Designation

I hereby designate the following Beneficiary(ies) to receive any benefit payable under the Plan in
the event of my death:

Note: Your primary beneficiary(ies) receives benefits payable upon your death and shares equally
unless you specify otherwise. Your contingent beneficiary(ies) receives benefits if no primary
beneficiary is living. Revised designations are effective only if received by the Company prior to
your death.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
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Your Authorization and Certification

I understand that the Solutia Inc. Non-Employee Director Deferred Compensation Plan is subject to
Internal Revenue Code Section 409A, as added by the American Jobs Creation Act of 2004. If it is
determined that either the Plan or my election is not in compliance with Section 409A, I understand
my election may be cancelled and my account balance may be distributed in a manner that complies
with, or mitigates the adverse tax consequences of, Section 409A.

	 	 	 	 	 	 	 
	Signature:

	 	 	 	Date:	 	 
	 

	 	 
	 	 	 	 

Please keep a copy for your records and return the original of this completed form in the enclosed
envelope to Solutia Inc. by December 15, 2008.Filed by Bowne Pure Compliance

Exhibit 10.1

AMENDED AND RESTATED FORBEARANCE AGREEMENT

AMENDED AND RESTATED FORBEARANCE AGREEMENT

This Amended and Restated Forbearance Agreement (this “Agreement”) is dated as of
February 12, 2009, by and among the lenders identified on the signature pages hereof (such lenders,
together with their respective successors and permitted assigns, are referred to hereinafter each
individually as a “Lender” and collectively as the “Lenders”), WELLS FARGO
FOOTHILL, INC., a California corporation, as the arranger and administrative agent for the Lenders
(in such capacity, together with its successors and assigns in such capacity, “Agent”), B &
B B, INC., a Nevada corporation (“B&BB”), CASABLANCA RESORTS, LLC, a Nevada limited
liability company (“CBR”), OASIS INTERVAL MANAGEMENT, LLC, a Nevada limited liability
company (“OIM”), OASIS INTERVAL OWNERSHIP, LLC, a Nevada limited liability company
(“OIO”), OASIS RECREATIONAL PROPERTIES, INC., a Nevada corporation (“ORP”), RBG,
LLC, a Nevada limited liability company (“RBG”), VIRGIN RIVER CASINO CORPORATION, a Nevada
corporation (“VRCC”; B&BB, CBR, OIM, OIO, ORP, RBG and VRCC are referred to hereinafter
each individually as a “Borrower” and collectively, jointly and severally, as the
“Borrowers”), BLACK GAMING, LLC, a Nevada limited liability company (“Black
Gaming”) and R. BLACK, INC., a Nevada corporation (together with Black Gaming, collectively,
jointly and severally, the “Guarantors”) with reference to the following:

WHEREAS, Borrowers, Lenders, and Agent are parties to that certain Credit Agreement entered
into as of December 20, 2004, as amended by that Joinder Agreement and Amendment dated as of
December 31, 2006, that certain First Amendment to Credit Agreement entered into as of October 26,
2007, that certain Second Amendment to Credit Agreement entered into as of June 20, 2008, that
certain Forbearance, Consent and Third Amendment to Credit Agreement entered into as of November 3,
2008, that certain First Amendment [to] Forbearance Consent and Third Amendment to Credit Agreement
entered into as of January 15, 2009, and that certain Second Amendment to Forbearance, Consent and
Third Amendment to Credit Agreement dated as of February 2, 2009 (as further amended, restated,
supplemented, or otherwise modified from time to time, the “Credit Agreement”); and

WHEREAS, Defaults and Events of Default have occurred under the Credit Agreement as a result
of (i) Borrowers’ failure to achieve EBITDA in the amounts required under Section 6.16(a)(i) of the
Credit Agreement for the 12 month periods ending September 30, 2008 and December 31, 2008, (ii)
Borrowers’ failure to pay the Overadvance amount existing as of September 30, 2008 and continuing
thereafter as required under Section 2.5 of the Credit Agreement, and (iii) Borrowers’ Default or
Event of Default under Section 7.9 of the Credit Agreement with respect to the representations of
the Borrowers under Section 4.12(a) of the Credit Agreement required to be made in connection with
the delivery of the financial statements to be delivered pursuant to Section 5.3 of the Credit
Agreement for the periods ending August 31, 2008, September 30, 2008, October 31, 2008, November
30, 2008 and December 31, 2008 (such events in clauses (i), (ii) and (iii)
of this paragraph are referred to collectively as the “Events of Default”); and

 

 

 

WHEREAS, a further Default or Event of Default will occur under the Credit Agreement if
Borrowers fail to pay interest on the Senior Secured Notes when due (the “Anticipated Event of
Default” and, together with the Events of Default, the “Designated Events of Default”);
and

WHEREAS, Borrowers have requested that the Agent and Lenders continue to forbear from
enforcing their rights that arise because of the Designated Events of Default and continue to
consent to the Borrowers temporarily suspending casino operations at one of its currently operating
Casinos (the “Suspended Location”); and

WHEREAS, Agent and Lenders are willing to forbear from enforcing their rights that arise
because of the Designated Events of Default and to continue to consent to the temporary suspension
of operations at the Suspended Location for a limited period of time provided that Borrowers comply
with the terms of this Agreement; and

WHEREAS, subject to the terms and conditions set forth herein, Lenders are willing to forbear
as requested by Borrowers;

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

1. Defined Terms. All capitalized terms used herein (including, without limitation,
in the preamble and recitals hereof) without definition shall have the meanings ascribed thereto in
the Credit Agreement.

2. Forbearance.

2.1 The Lender Group hereby agrees, as of the Forbearance Effective Date (as defined below),
to forbear from exercising any rights or remedies under Section 8.1 of the Credit Agreement with
respect to the Designated Events of Default until the earliest of any of the following: (i) the
date of the occurrence of a breach or default under this Agreement; (ii) the date of the occurrence
of a Default or Event of Default that is not a Designated Event of Default; or (iii) March 2, 2009
(collectively, the “Forbearance Termination Date”).

2.2 Each Borrower and Guarantor hereby acknowledge and agree that upon the Forbearance
Termination Date, the forbearance provided under this Section 2 shall terminate and the
Lender Group shall have the right to exercise any and all rights and remedies under Section 8.1 of
the Credit Agreement or otherwise under the Loan Documents or under applicable law or at equity due
to the existence of the Designated Events of Default. Each Borrower and Guarantor hereby further
acknowledge and agree that, from and after the Forbearance Termination Date, the Lender Group shall
be under no obligation of any kind whatsoever to forbear from exercising any remedies on account of
the Designated Events of Default or any other Event of Default (whether similar or dissimilar to
the Designated Events of Default).

2.3 The foregoing notwithstanding, if and to the extent that the Lender Group continues to
make Advances or otherwise extend credit under the Credit Agreement, notwithstanding the occurrence
of any Default or Event of Default, whether specified herein or otherwise, (a) such Advances or
other extension of credit which hereafter may be made available to Borrowers shall be made, issued,
caused to be issued, or executed, as applicable, in the Lender
Group’s sole and absolute discretion, and (b) no such action shall be construed as (i) a
waiver or forbearance of any member of the Lender Group’s rights, remedies, and powers against
Borrowers, Guarantors or the Collateral (including, without limitation, the right to terminate
without notice the making of Advances or the making of any other extensions of credit under the
Credit Agreement) or (ii) a waiver of any such Default or Event of Default or the Designated Events
of Default.

 

2

 

3. Consent. Notwithstanding anything to the contrary contained in Section 6.3(d) of
the Credit Agreement, the Lenders hereby consent and continue to consent to the Borrowers
suspending casino operations at the Suspended Location at any time during the period beginning on
the Forbearance Effective Date (as defined below) and ending on the Forbearance Termination Date
(the “Forbearance Period”), so long as the Borrowers do not sell, transfer or remove any
Collateral or other personal property (including any Gaming Equipment) from the Suspended Location
or make any material alterations to the Suspended Location, except as previously permitted.

4. Amendment to Credit Agreement. Schedule 1.1 of the Credit Agreement, Definitions,
is hereby amended and modified by amending and restating the following definition:

““Forbearance Period” has the meaning specified therefor in that certain
Amended and Restated Forbearance Agreement dated as of February 12, 2009, by and
among the Borrowers, Guarantors, Agent and Lenders.”

5. Covenants of Borrowers. In consideration of the continued forbearance from the
exercise of remedies by Agent and the undersigned Lenders, Borrowers covenant and agree that,
during the Forbearance Period, Borrowers shall:

(a) Not later than Tuesday, February 17, 2009, have obtained an effective forbearance
agreement from the holders of the Senior Secured Notes, such forbearance agreement to be provided
to Agent, to extend at least as long as the Forbearance Period hereunder and to be in form and
substance satisfactory to Agent in its sole discretion;

(b) [Intentionally omitted.]

(c) Not later than Monday, March 2, 2009, have provided the Agent and the Lenders with a term
sheet for a restructuring of the indebtedness of the Borrowers and, in such event, the Forbearance
Period shall be extended until March 9, 2009.

6. Acknowledgment of Borrowers and Guarantors. As a material inducement to the
execution by Agent and the undersigned Lenders of this Agreement, each Borrower and Guarantor
hereby acknowledge, confirm and agree as follows:

(a) As of February 12, 2009, the total aggregate outstanding principal amount of the
Obligations under the Credit Agreement with respect to the Advances is $14,857,324.30, and all
Obligations owing by Borrowers, together with interest accrued and accruing thereon, and all fees,
costs, expenses and other charges now or hereafter payable by such Borrower to Agent and each
Lender, are unconditionally owing by Borrowers to Agent and each
Lender, without offset, defense, withholding, counterclaim or deduction of any kind, nature or
description whatsoever.

 

3

 

(b) Agent, for the benefit of the Lender Group, has and shall continue to have valid,
enforceable and perfected first-priority liens upon and security interests in the Collateral
granted to Agent, for the benefit of the Lender Group, pursuant to the Loan Documents or otherwise
granted to or held by Agent, for the benefit of the Lender Group.

(c) Upon the occurrence of any Default or Event of Default, other than any Designated Event of
Default, no member of the Lender Group will have any obligation to make any Advances or other
extensions of credit to any Borrower.

7. Binding Effect of Documents. Each Borrower and Guarantor hereby acknowledge,
confirm and agree that: (i) each of the Loan Documents to which it is a party has been duly
executed and delivered to Agent and Lenders thereto by such Borrower or Guarantor, and each is in
full force and effect as of the Forbearance Effective Date (as defined below), (ii) the agreements
and obligations of such Borrower or Guarantor contained in the Loan Documents and in this Agreement
constitute the legal, valid and binding obligations of such Borrower or Guarantor, enforceable
against such Borrower or Guarantor in accordance with their respective terms, and such Borrower or
Guarantor has no valid defense to the enforcement of the obligations under the Credit Agreement,
and (iii) Agent and each Lender are and shall be entitled to the rights, remedies and benefits
provided for in the Loan Documents and under applicable law or at equity.

8. Forbearance Fee. In connection with this Agreement and in consideration for, among
other things, the forbearance provided under Section 2 hereof, Borrowers hereby agree to
pay to Agent a forbearance fee by wire transfer of immediately available funds in an amount equal
to $5,000.00 (the “Forbearance Fee”), which Forbearance Fee shall be fully earned, due and
payable on the date hereof.

9. Conditions Precedent to Effectiveness. This Agreement shall become effective as of
the date when, and only when, the following conditions have been satisfied as determined in Agent’s
sole and absolute discretion (the date of such effectiveness being herein called the
“Forbearance Effective Date”):

(a) Agent shall have received duly executed counterparts of this Agreement duly executed by
Borrowers, Guarantors and the Lenders;

(b) Borrowers shall have paid all fees, costs and expenses incurred in connection with this
Agreement and any other Loan Documents (including, without limitation, legal fees and expenses);

(c) The representations and warranties made or deemed made by Borrowers and Guarantors under
this Agreement shall be true and correct;

(d) The Agent shall have received the Forbearance Fee; and

(e) The Agent shall have received such other documents as the Agent may request with respect
to any of the foregoing.

 

4

 

10. Representations and Warranties. Each Borrower and Guarantor represents and
warrants as follows:

(a) The execution, delivery and performance of this Agreement are within such Borrower’s or
Guarantor’s, as applicable, powers, have been duly authorized by all necessary action and do not
(i) violate any provision of federal, state, or local law or regulation applicable to such Borrower
or Guarantor, as applicable, the Governing Documents of such Borrower or Guarantor, as applicable,
or any order, judgment, or decree of any court or other Governmental Authority binding on such
Borrower or Guarantor, as applicable, or (ii) conflict with, result in a breach of, or constitute
(with due notice or lapse of time or both) a default under any material contractual obligation of
such Borrower or Guarantor, as applicable.

(b) No authorization, approval or other action by, and no notice to or filing with, any
Governmental Authority, any regulatory body, any Borrower’s or Guarantor’s interest holders or any
Person under any material contractual obligations of any Borrower or any Guarantor is required for
the due execution, delivery and performance by Borrowers and Guarantors of this Agreement.

(c) Each representation or warranty of Borrowers and Guarantors set forth in the Credit
Agreement and the other Loan Documents, is hereby restated and reaffirmed as true and correct in
all material respects (except that such materiality qualifier shall not be applicable to any
representations and warranties that already are qualified or modified by materiality in the text
thereof), on and as of the date of this Agreement, and after giving effect to this Agreement, as if
such representation or warranty were made on and as of the date of, and after giving effect to,
this Agreement (except to the extent that such representations and warranties relate solely to an
earlier date).

(d) This Agreement constitutes the legal, valid and binding obligation of Borrowers and
Guarantors, enforceable against Borrowers and Guarantors in accordance with its terms.

(e) No Default or Event of Default, other than the Designated Events of Default, exists under
the Credit Agreement.

11. Affirmation of Guaranty. By executing this Agreement, each Guarantor hereby
acknowledges, consents and agrees that all of its obligations and liabilities under the provisions
of the Guaranty remain in full force and effect, and that the execution and delivery of this
Agreement and any and all documents executed in connection therewith shall not alter, amend, reduce
or modify its obligations and liability under the Guaranty or any of the other Loan Documents to
which it is a party.

 

5

 

12. No Other Amendments or Waivers. Except in connection with the forbearance,
consent and amendment forth above, the execution, delivery and effectiveness of this Agreement
shall not operate as an amendment of any right, power or remedy of Agent or the Lenders under the
Credit Agreement or any of the other Loan Documents, nor constitute a waiver of any provision of
the Credit Agreement or any of the other Loan Documents. Except as expressly amended hereby, the
text of the Credit Agreement and all other Loan Documents shall remain unchanged and in full
force and effect and Borrowers and Guarantors hereby ratify and confirm their respective
obligations thereunder. This Agreement shall not constitute a modification of the Credit Agreement
or any of the other Loan Documents or a course of dealing with Agent or the Lenders at variance
with the Credit Agreement or the other Loan Documents such as to require further notice by Agent or
the Lenders to require strict compliance with the terms of the Credit Agreement and the other Loan
Documents in the future, except as expressly set forth herein. Borrowers and Guarantors
acknowledge and expressly agree that Agent and the Lenders reserve the right to, and do in fact,
require strict compliance with all terms and provisions of the Credit Agreement and the other Loan
Documents, as amended herein. Borrowers and Guarantors have no knowledge of any challenge to
Agent’s or any Lender’s claims arising under the Loan Documents, or to the effectiveness of the
Loan Documents. The forbearance contained herein is limited to the precise terms hereof, and
neither Agent nor any Lender is obligated to consider or consent to any additional request by
Borrowers for any other forbearance with respect to the Credit Agreement.

13. No Disregard of Loan Documents. Each Borrower and Guarantor acknowledge that the
parties hereto have not entered into a mutual disregard of the terms and provisions of the Credit
Agreement or the other Loan Documents, or engaged in any course of dealing in contravention of or
inconsistent with any of the material terms and provisions of the Credit Agreement or the other
Loan Documents, within the meaning of any applicable law of the State of New York, or otherwise.

14. Advice of Counsel. Each Borrower and Guarantor have had the advice of independent
counsel of their own choosing in negotiations for and the preparation of this Agreement, has read
this Agreement in full and final form, and has had this Agreement fully explained to their
satisfaction.

15. Further Assurances. Each Borrower and Guarantor agree, upon the reasonable
request of the Agent, at Borrowers’ expense, to promptly execute and deliver to Agent, or caused to
be executed and delivered to Agent, any document that is necessary to correct any inadvertent
omissions (as agreed to by Borrowers and Agent) in the Credit Agreement and other Loan Documents or
to carry out the intent of this Agreement (as agreed by Borrowers and Agent).

16. Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of New York.

17. Integration. This Agreement, together with the other Loan Documents, incorporates
all negotiations of the parties hereto with respect to the subject matter hereof and is the final
expression and agreement of the parties hereto with respect to the subject matter hereof.

18. Loan Document. This Agreement shall be deemed to be a Loan Document for all
purposes.

 

6

 

19. Release by Borrowers; Covenant not to Sue.

(a) Effective on the date hereof, each Borrower and Guarantor hereby waive, release, remise
and forever discharge Agent and each Lender, each of their respective Affiliates, and each of the
officers, directors, employees and agents of Agent, each Lender and their respective Affiliates
(collectively, the “Releasees”), from any and all claims, suits,
investigations, proceedings, demands, obligations, liabilities, causes of action, damages,
losses, costs and expenses, whether based in contract, tort, implied or express warranty, strict
liability, criminal or civil statute or common law of any kind or character, known or unknown, past
or present, liquidated or unliquidated, suspected or unsuspected, which any Borrower and Guarantor
ever had from the beginning of the world, or now has against any such Releasee which relates,
directly or indirectly to the Credit Agreement, any other Loan Document, or to any acts or
omissions of any such Releasee under, in connection with, pursuant to or otherwise in respect of
this Agreement, the Credit Agreement or any of the other Loan Documents, except for the duties and
obligations set forth in this Agreement, the Credit Agreement, or any of the other Loan Documents.
As to each and every claim released hereunder, each Borrower and Guarantor hereby represents that
it has received the advice of legal counsel with regard to the releases contained herein, and
having been so advised, specifically waives the benefit of the provisions of Section 1542 of the
Civil Code of California which provides as follows:

“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH A CREDITOR DOES NOT KNOW OR SUSPECT TO
EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR
HER, MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.”

As to each and every claim released hereunder, each Borrower and Guarantor also waives the
benefit of each other similar provision of applicable federal or state law (including without
limitation the laws of the State of New York), if any, pertaining to general releases after having
been advised by its legal counsel with respect thereto.

(a) Each Borrower and Guarantor, on behalf of itself and its respective successors, assigns,
and other legal representatives, hereby absolutely, unconditionally and irrevocably, covenant and
agree with and in favor of each Releasee above that it will not sue (at law, in equity, in any
regulatory proceeding or otherwise) any Releasee on the basis of any claim released, remised and
discharged by such Person pursuant to the above release. Each Borrower and Guarantor further agree
that it shall not dispute the validity or enforceability of the Credit Agreement or any of the
other Loan Documents or any of its obligations thereunder, or the validity, priority,
enforceability or the extent of the Agent’s Lien on any item of Collateral under the Credit
Agreement or the other Loan Documents. If any Borrower or Guarantor, or any of their respective
successors, assigns or other legal representatives violates the foregoing covenant, such Person,
for itself and its respective successors, assigns and legal representatives, agrees to pay, in
addition to such other damages as any Releasee may sustain as a result of such violation, all
attorneys’ fees and costs incurred by such Releasee as a result of such violation.

20. Severability. In case any provision in this Agreement shall be invalid, illegal
or unenforceable, such provision shall be severable from the remainder of this Agreement and the
validity, legality and enforceability of the remaining provisions shall not in any way be affected
or impaired thereby.

 

7

 

21. Modification. This Agreement may not be amended, waived or modified in any manner
without the written consent of the party against whom the amendment, waiver or modification is
sought to be enforced.

22. Reference to Loan Documents. Upon and after the effectiveness of this Agreement,
each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like
import referring to the Credit Agreement, and each reference in the other Loan Documents to “the
Credit Agreement”, “thereof” or words of like import referring to the Credit Agreement, shall mean
and be a reference to the Credit Agreement as amended and supplemented hereby. Unless the context
of this Agreement clearly requires otherwise, references to the plural include the singular,
references to the singular include the plural, the terms “includes” and “including” are not
limiting, and the term “or” has, except where otherwise indicated, the inclusive meaning
represented by the phrase “and/or.”

23. Counterparts. This Agreement may be executed by one or more of the parties hereto
on any number of separate counterparts, each of which shall be deemed an original and all of which,
taken together, shall be deemed to constitute one and the same instrument. Delivery of an executed
counterpart of this Agreement by facsimile transmission or other electronic method of transmission
shall be as effective as delivery of a manually executed counterpart thereof.

[remainder of this page intentionally left blank]

 

8

 

IN WITNESS WHEREOF, the parties hereto have caused their respective duly authorized officers
or representatives to execute and deliver this Agreement as of the day and year first written
above.

	 	 	 	 	 
	BORROWERS:                        	B & B B, INC.,
a Nevada corporation

 	 
	 	By:  	                                        /s/ Sean McKay
 	 
	 	 	Name:  	Sean McKay 	 
	 	 	Title:  	CAO 	 
	 
	 	CASABLANCA RESORTS, LLC,
a Nevada limited liability company

 	 
	 	By:  	                                        /s/ Sean McKay
 	 
	 	 	Name:  	Sean McKay 	 
	 	 	Title:  	CAO 	 
	 
	 	OASIS INTERVAL MANAGEMENT, LLC,
a Nevada limited liability company

 	 
	 	By:  	                                        /s/ Sean McKay
 	 
	 	 	Name:  	Sean McKay 	 
	 	 	Title:  	CAO 	 
	 

Amended and Restated Forbearance Agreement

 

 

 

	 	 	 	 	 
	 	OASIS INTERVAL OWNERSHIP, LLC,
a Nevada limited liability company

 	 
	 	By:  	                                        /s/ Sean McKay
 	 
	 	 	Name:  	Sean McKay 	 
	 	 	Title:  	CAO 	 
	 
	 	OASIS RECREATIONAL PROPERTIES, INC.,
a Nevada corporation

 	 
	 	By:  	                                        /s/ Sean McKay
 	 
	 	 	Name:  	Sean McKay 	 
	 	 	Title:  	CAO 	 
	 
	 	RBG, LLC,
a Nevada limited liability company

 	 
	 	By:  	                                        /s/ Sean McKay
 	 
	 	 	Name:  	Sean McKay 	 
	 	 	Title:  	CAO 	 
	 
	 	VIRGIN RIVER CASINO CORPORATION,
a Nevada corporation

 	 
	 	By:  	                                        /s/ Sean McKay
 	 
	 	 	Name:  	Sean McKay 	 
	 	 	Title:  	CAO 	 
	 

Amended and Restated Forbearance Agreement

 

 

 

	 	 	 	 	 
	GUARANTORS:                       	BLACK GAMING, LLC,
a Nevada limited liability company

 	 
	 	By:  	                                        /s/ Sean McKay
 	 
	 	 	Name:  	Sean McKay 	 
	 	 	Title:  	CAO 	 
	 
	 	R. BLACK, INC.,
a Nevada corporation

 	 
	 	By:  	                                        /s/ Sean McKay
 	 
	 	 	Name:  	Sean McKay 	 
	 	 	Title:  	CAO 	 
	 

Amended and Restated Forbearance Agreement

 

 

 

	 	 	 	 	 
	AGENT AND LENDERS:                         	WELLS FARGO FOOTHILL, INC.,
a California corporation, as Agent and as a Lender

 	 
	 	By:  	                                                 /s/ Steve Scott
 	 
	 	 	Name:  	Steve Scott 	 
	 	 	Title:  	VP 	 
	 

Amended and Restated Forbearance Agreement

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