Document:

Form of Stock Option Agmt- Hollywood Park 1996 SOP

 Exhibit 4.2 
  
 NONQUALIFIED STOCK OPTION AGREEMENT 
  

This NONQUALIFIED STOCK OPTION AGREEMENT is made as of the      day of
            , 2001, between PINNACLE ENTERTAINMENT, INC., a Delaware corporation (the “Company”), and
                     (“Optionee”). All capitalized terms not specifically defined herein shall have the meanings set forth in
the Company’s 1996 Stock Option Plan (the “Plan”). 
  
 R E C I T A L S 
  
 A. Pursuant to the Plan, the
Compensation Committee of the Board of Directors (the “Committee”) has determined that it is to the advantage and in the best interests of the Company and its stockholders to grant a nonqualified stock option to Optionee covering
             shares of the Company’s Common Stock, in order to more closely align the Optionee’s interests with those of other stockholders of the Company, and has approved
the execution of this Nonqualified Stock Option Agreement between the Company and Optionee. 
  
 B. The option granted hereby is not intended to qualify as an “incentive stock option” under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). 
  
 NOW, THEREFORE, the parties hereto agree as follows: 
  
 1. Grant of Option. The Company grants to Optionee the right and
option (“Option”) to purchase on the terms and conditions hereinafter set forth, all or any part of an aggregate of
                     (            ) shares of Common Stock at the purchase
price of $                     per share. The Option shall be exercisable from time to time in accordance with the provisions of this
Agreement during a period expiring on the tenth anniversary of the date of this Agreement (the “Expiration Date”) or earlier in accordance with Section 5 hereof. 
  
 2. Vesting. No portion of this Option shall vest prior to the dates indicated below. Subject to Section 5 hereof, on
or after the date of grant and the following anniversary dates of this Agreement this Option may be exercised up to the indicated percentage of shares covered by this Option: 
  

							
	 Date

	  	Percentage
Initially
Exercisable

	 	 	Cumulative
Percentage
Exercisable

	 
	 First Anniversary
	  	33.33	%	 	33.33	%
	 Second Anniversary
	  	33.33	%	 	66.67	%
	 Third Anniversary
	  	33.33	%	 	100	%

 Subject to earlier termination under Section 5 hereof, at any time after the third anniversary date of this Agreement,
but no later than the Expiration Date, Optionee may purchase all or any part of the shares subject to this Option which Optionee theretofore failed to purchase. In each case the number of shares which may be purchased shall be calculated to the
nearest full share. 
  
 3. DEFRA Limitation. The payments
that Optionee shall be entitled to receive upon the exercise of the options covered hereby and under his employment agreement, if any, shall in all events be limited by the provisions of Section 280G of the Code and the regulations thereunder (or
their then equivalents) and no payment shall be made (and no option vesting accelerated) that would have the result of limiting the deductibility of such payments by the Company or that would result in the imposition of an excise tax under Section
4999 of the Code on the Optionee. 
  
 4. Manner of
Exercise. Each exercise of this Option shall be by means of a written notice of exercise delivered to the Company, specifying the number of shares to be purchased and accompanied by payment to the Company (x) of the full purchase price of the
shares to be purchased (i) in cash or by certified, cashier’s or (as funds clear) personal check payable to the order of the Company, or (ii) by delivery of shares of Common Stock of the Company which have been owned by the Optionee for over
six months and which are in the possession of the Optionee, or a combination thereof, and (y) of any required withholding taxes (as contemplated by Section 7 hereof) in cash or by certified, cashier’s or (as funds clear) personal check payable
to the order of the Company. This Option may not be exercised for a fraction of a share and no partial exercise of this Option may be for less than (i) one hundred (100) shares or (ii) the total number of shares then eligible for exercise, if less
than one hundred (100) shares. 
  
 This Option may be exercised
(i) during the lifetime of the Optionee only by the Optionee; (ii) to the extent permitted by the Committee or by the terms of this Agreement, Optionee’s spouse if such spouse obtained the Option pursuant to a qualified domestic relations order
as defined by the Code or Title I of ERISA, or the rules thereunder (“Qualified Domestic Relations Order”); and (iii) after the Optionee’s death by his or her transferees by will or the laws of descent or distribution, and not
otherwise, regardless of any community property interest therein of the spouse of the Optionee, or such spouse’s successors in interest. If the spouse of the Optionee shall have acquired a community property interest in this Option, the
Optionee, or the Optionee’s permitted successors in interest, may exercise the Option on behalf of the spouse of the Optionee or such spouse’s successors in interest. 
  
 5. Cessation of Services, Death or Permanent Disability. If the Optionee ceases to be employed by or provide services
to the Company or one of its subsidiaries for any reason other than the Optionee’s death, “permanent disability” (within the meaning of Section 22(e)(3) of the Code) or termination for “Cause” (as defined below), the Option
shall be exercisable until the earlier of (i) the Expiration Date or (ii) a date one (1) month after the Optionee ceases to be employed by or provide services to the Company or one of its subsidiaries, but only to the extent the Option was
exercisable on the date of the cessation of employment or services, and shall thereafter expire and be void and of no further force or effect. The employment or other relationship of the Optionee to the Company or any subsidiary shall be deemed to
continue during any leave of absence which has been authorized in writing by the Committee. 
  

 - 2 - 

 If the Optionee dies or becomes “permanently disabled” while the Optionee is employed by or
providing services to the Company or any of its subsidiaries, the Option shall be exercisable until the earlier of (i) the Expiration Date or (ii) a date six (6) months after the date of such death or “permanent disability”, but only to
the extent the Option was exercisable on the date of death or “permanent disability”, and shall thereafter expire and be void and of no further force or effect. During such period after death, any vested, unexercised portion of the Option
may be exercised by the person or persons to whom the Optionee’s rights under the Option shall pass by reason of the death of the Optionee, whether by will or by the applicable laws of descent and distribution. 
  
 If the Optionee is terminated for Cause, either as an employee of or as a
provider of services to the Company or one of its subsidiaries, then the Option shall terminate immediately and be void and of no further force or effect and may not be exercised for any reason. For purposes of this Agreement, the Optionee shall be
deemed to have been terminated for “Cause” if such termination was as a result of any one or more of the following, as determined in good faith by the Board of Directors, President or Executive Vice President of the Company: The
Optionee’s (a) gross neglect or gross misconduct in performing his or her duties, (b) willful refusal to follow directions given by his or her supervisor(s) from time to time, provided that such directions are within the scope of the
Optionee’s duties, (c) misuse of alcoholic drinks or narcotics, (d) inexcusable repeated or prolonged absence from work, (e) being charged with the commission of a felony or other serious crime, (f) dishonesty or commission of a theft or
defalcation against the Company or one of its subsidiaries, or (g) commission of a wrongful act that would make the continuance of the Optionee’s employment or services detrimental to the Company or one of its subsidiaries. 
  
 If the Optionee is terminated for Cause, the Company shall have the option,
exercisable within ninety (90) days of termination, to repurchase any shares of Common Stock acquired by the Optionee through the exercise of this Option during the twelve-month period immediately preceding such termination and which are still held
by the Optionee. The repurchase price per share payable by the Company shall be the exercise price paid by the Optionee as specified in Section 1 hereof, plus interest at the rate of ten percent (10%) per annum from the date of payment of the
exercise price by the Optionee. Certificates representing the shares of Common Stock acquired by the Optionee pursuant to the exercise of this Option may bear a legend regarding the Company’s repurchase option. 
  
 Any unvested portion of the Option at the date of cessation of employment or
of provision of services, whether or not for Cause, or of death or permanent disability, as the case may be, shall immediately be cancelled and shall not be exercisable. 
  
 6. Shares to be Issued in Compliance with Federal Securities and Other Applicable Laws and Exchange Rules. By
accepting the Option, Optionee represents and agrees, for Optionee and his or her legal successors (by will or the laws of descent and distribution or through a Qualified Domestic Relations Order), that none of the shares purchased upon exercise of
the option will be acquired with a view to any sale, transfer or 

  

 - 3 - 

 
distribution of said shares in violation of the Securities Act of 1933, as amended (the “Securities Act”), and the rules and regulations
promulgated thereunder, any applicable state “blue sky” laws or any applicable foreign laws. If required by the Committee at the time the Option is exercised, Optionee or any other person entitled to exercise the Option shall furnish
evidence satisfactory to the Company (including a written and signed representation) to such effect in form and substance satisfactory to the Company, including an indemnification of the Company in the event of any violation of the Securities Act,
state blue sky laws or any applicable foreign laws by such person. 
  
 No shares shall be issued and delivered upon the exercise of any option unless and until there shall have been full compliance with all applicable requirements of the Securities Act (whether by registration or satisfaction of exemption
conditions), all applicable listing requirements of any principal securities exchange on which shares of the same class are then listed and any other requirements of law (including without limitation state blue sky laws) or of any regulatory bodies
having jurisdiction over such issuance and delivery. 
  
 7.
Withholding of Taxes. Upon the exercise of this Option, the Company shall have the right to require Optionee or Optionee’s legal successor to pay the Company the amount of any taxes which the Company may be required to withhold with
respect to such shares. 
  
 8. No Assignment. This Option
and all other rights and privileges granted hereby shall not be transferred, assigned, pledged or hypothecated, either voluntarily or by operation of law otherwise than by will or the laws of descent and distribution or pursuant to a Qualified
Domestic Relations Order. Upon any attempt to so transfer, assign, pledge, hypothecate or otherwise dispose of this Option or any other right or privileges granted hereby contrary to the provisions hereof, this Option and all rights and privileges
contained herein shall immediately become null and void and of no further force or effect. 
  
 9. Adjustment for Reorganizations, Stock Splits, etc. If the outstanding shares of Common Stock of the Company (or any other class of shares or securities which shall have become issuable upon the exercise of
this Option pursuant to this sentence) are increased or decreased or changed into or exchanged for a different number or kind of shares or securities of the Company through reorganization, recapitalization, reclassification, stock dividend, stock
split, reverse stock split or other similar transaction, an appropriate and proportionate adjustment shall be made in the maximum number and kind of shares or securities receivable upon the exercise of this Option, without change in the aggregate
purchase price applicable to the unexercised portion of this Option, but with a corresponding adjustment in the price for each share or other unit of any security covered by this Option. 
  
 Upon (i) the dissolution or liquidation of the Company, or upon a reorganization, merger or consolidation of the Company with one or more
corporations as a result of which the Company is not the surviving corporation, (ii) a sale of substantially all the property or more than eighty percent (80%) of the then outstanding stock of the Company to another corporation, or (iii) if the
majority of any class of directors be comprised of individuals who were not either nominated by the then existing Board of Directors or had not been appointed by the then existing Board of Directors (any of the foregoing, a “Corporate
Transaction”), 

  

 - 4 - 

 
subject to the following sentence, the Plan and this Option shall terminate and be of no further force and effect. Notwithstanding the foregoing, the
Committee shall provide in writing in connection with any such transaction for any or all of the following alternatives: (i) for this Option to become immediately exercisable in full notwithstanding the provisions of Sections 2 and 4 hereof; (ii)
for the assumption by the successor corporation of this Option or the substitution by such corporation for this Option of new options covering the stock of the successor corporation, or a parent or subsidiary thereof, with appropriate adjustments as
to the number and kind of shares and prices; or (iii) for the payment in cash or stock at the option of the Committee in lieu of and in complete satisfaction of this Option. The Optionee may exercise the Option subject to the consummation of a
Corporate Transaction. 
  
 Adjustments under this Section 9 shall
be made by the Committee, whose determination as to what adjustments shall be made, and the extent thereof, shall be final, binding and conclusive. No fractional shares of stock shall be issued under this Option on any such adjustment. 

 
 10. Participation by Optionee in Other Company Plans. Nothing
herein contained shall affect the right of Optionee to participate in and receive benefits under and in accordance with the then current provisions of any pension, insurance, profit sharing or other employee welfare plan or program of the Company or
of any subsidiary of the Company. 
  
 11. No Rights as a
Stockholder Until Issuance of Stock Certificate. Neither Optionee nor any other person legally entitled to exercise this Option shall be entitled to any of the rights or privileges of a stockholder of the Company in respect of any shares
issuable upon any exercise of this Option unless and until a certificate or certificates representing such shares shall have been actually issued and delivered to Optionee. 
  
 12. Not an Employment or Service Contract. Nothing herein contained shall be construed as an agreement by the Company
or any of its subsidiaries, express or implied, to employ Optionee or contract for Optionee’s services, to restrict the Company’s or such subsidiary’s right to discharge Optionee or cease contracting for Optionee’s services or to
modify, extend or otherwise affect in any manner whatsoever, the terms of any employment agreement or contract for services which may exist between Optionee and the Company or any of its subsidiaries. 
  
 13. Agreement Subject to Stock Option Plan. The Option hereby granted
is subject to, and the Company and Optionee agree to be bound by, all of the terms and conditions of the Plan, as the same shall be amended from time to time in accordance with the terms thereof, but no such amendment shall adversely affect
Optionee’s rights under this Option without the prior written consent of Optionee. 
  
 14. Governing Law. The interpretation, performance and enforcement of this Agreement shall be governed by the internal substantive laws of the State of Delaware, without regard to the conflict of laws
provisions of that or any other State. 
  

 - 5 - 

			
	 PINNACLE ENTERTAINMENT, INC.

		
	 By:
	 	  

	 Its:
	 	  

	
	 OPTIONEE

	
	  

	 Name:

  

 - 6 - 

 SPOUSAL CONSENT 
  

By his or her signature below, the spouse of the Optionee agrees to be bound by all of the terms and conditions of the foregoing Option Agreement.

  

	
	 OPTIONEE’S SPOUSE

	
	  

	 Signature

	
	  

	 Print Name

  

 - 7 -Form of Stock Option Agmt- Pinnacle 2001 SOP

 Exhibit 4.5 
  
 PINNACLE ENTERTAINMENT, INC. 
 STOCK OPTION AGREEMENT 
  
 THIS STOCK OPTION AGREEMENT (together with the attached grant notice (the “Grant Notice”), the “Agreement”) is made and entered into as of the date set forth on the Grant Notice by and between Pinnacle
Entertainment, Inc., a Delaware corporation (the “Company”), and the individual (the “Optionee”) set forth on the Grant Notice. 
  
 A. Pursuant to the Pinnacle Entertainment, Inc. 2001 Stock Option Plan (the “Plan”), the Administrator has
determined that it is to the advantage and best interest of the Company to grant to Optionee an option (the “Option”) to purchase the number of shares of the Common Stock of the Company (the “Shares” or the
“Option Shares”) set forth on the Grant Notice, at the exercise price determined as provided herein, and in all respects subject to the terms, definitions and provisions of the Plan, which is incorporated herein by reference.

  
 B. Unless otherwise defined herein, capitalized terms used in
this Agreement shall have the meanings set forth in the Plan. 
  
 NOW, THEREFORE, in consideration of the mutual agreements contained herein, the Optionee and the Company hereby agree as follows: 
  
 1. Grant and Terms of Stock Option. 
  
 1.1 Grant of Option. Pursuant to the Grant Notice, the Company has granted to the Optionee the right and option to purchase, subject to the terms
and conditions set forth in the Plan and this Agreement, all or any part of the number of Shares set forth on the Grant Notice at a purchase price per Share equal to the exercise price per Share set forth on the Grant Notice. If the Grant Notice
indicates (under “Type of Option”) that this Option is an “ISO”, then this Option is intended by the Company and Optionee to be an Incentive Stock Option. However, if the Grant Notice indicates that this Option is a
“NQSO”, then this Option is not intended to be an Incentive Stock Option and is instead intended to be a Nonqualified Stock Option. 
  
 1.2 Vesting and Exercisability. Subject to the provisions of the Plan and the other provisions of this Agreement, this Option shall vest and become
exercisable in accordance with the schedule set forth in the Grant Notice. Notwithstanding the foregoing, in the event of termination of Optionee’s Continuous Status as an Employee, Director or Consultant for any reason, with or without Cause,
including as a result of death or Disability, this Option shall immediately cease vesting. 
  
 1.3 Term of Option. No portion of this Option may be exercised more than ten years from the date of this Agreement. In the event of termination of Optionee’s Continuous Status as an Employee, Director or
Consultant for any reason, the portion of this Option that is not vested and exercisable as of the date of termination shall be immediately cancelled 

 
and terminated. In addition, the portion of this Option that is vested and exercisable as of the date of termination of Optionee’s Continuous Status as
an Employee, Director or Consultant shall terminate and be cancelled on the earlier of (i) the expiration of the ten year period set forth in the first sentence of this Section 1.3, or (ii) 90 days after termination of Optionee’s Continuous
Status as an Employee, Director or Consultant (or 12 months in the case of termination as a result of Optionee’s Disability or death); provided, however, if Optionee’s Continuous Status as an Employee, Director or Consultant is terminated
for Cause, this entire Option shall be cancelled and terminated as of the date of such termination and shall no longer be exercisable as to any Shares, whether or not previously vested. 
  
 2. Method of Exercise. 
  
 2.1 Delivery of Notice of Exercise. This Option shall be exercisable by written notice in the form attached hereto as Exhibit A which shall state
the election to exercise this Option, the number of Shares in respect of which this Option is being exercised, and such other representations and agreements with respect to such Shares as may be required by the Company pursuant to the provisions of
this Agreement and the Plan. Such written notice shall be signed by Optionee (or by Optionee’s beneficiary or other person entitled to exercise this Option in the event of Optionee’s death under the Plan) and shall be delivered in person
or by certified mail to the Secretary of the Company. The written notice shall be accompanied by payment of the exercise price. This Option shall not be deemed exercised until the Company receives such written notice accompanied by the exercise
price and any other applicable terms and conditions of this Agreement are satisfied. This Option may not be exercised for a fraction of a Share. 
  
 2.2 Restrictions on Exercise. No Shares will be issued pursuant to the exercise of this Option unless and until there shall have been full
compliance with all applicable requirements of the Securities Act of 1933, as amended (whether by registration or satisfaction of exemption conditions), all Applicable Laws, and all applicable listing requirements of any national securities exchange
or other market system on which the Common Stock is then listed. As a condition to the exercise of this Option, the Company may require Optionee to make any representation and warranty to the Company as may be necessary or appropriate, in the
judgment of the Administrator, to comply with any Applicable Law. 
  
 2.3 Method of Payment. Payment of the exercise price shall be made in full at the time of exercise in cash or by check payable to the order of the Company, or, subject in each case to the advance approval of the Administrator in its
sole discretion, by delivery of shares of Common Stock already owned by Optionee, by delivery of a full recourse promissory note made by Optionee in favor of the Company or by any combination of the foregoing. Shares of Common Stock used to satisfy
the exercise price of this Option shall be valued at their Fair Market Value determined on the date of exercise (or if such date is not a business day, as of the close of the business day immediately preceding such date). In addition, the
Administrator may impose such other conditions in connection with the delivery of shares of Common Stock in satisfaction of the exercise price as it deems appropriate in its sole discretion, including without limitation a requirement that the shares
of Common Stock delivered have been held by the Optionee for a specified period of time. Any promissory note delivered pursuant to this Section 2.3 shall have terms and provisions 

 
(including, without limitation, those relating to the maturity date, payment schedule and interest rate) as determined by the Administrator in its sole
discretion, shall be secured by the Shares acquired and shall comply with all Applicable Laws (including, without limitation, state and federal margin requirements) 
  
 2.4 Notice of Disqualifying Disposition of Incentive Stock Option. If this Option is an Incentive Stock Option and
the Optionee sells or otherwise disposes of any of the Shares acquired upon exercise of this Option on or before the later of (i) two years after the date of grant, or (ii) one year after the date such Shares were acquired, the Optionee shall
immediately notify the Company in writing of such disposition. The Optionee agrees that he or she may be subject to income tax withholding by the Company on the taxable income recognized as a result of such disposition and that the Optionee shall be
required to satisfy such withholding obligations either by making a payment to the Company in cash or by withholding from current earnings of the Optionee. 
  
 3. Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution or to a
beneficiary designated pursuant to the Plan, and may be exercised during the lifetime of Optionee only by Optionee. Subject to all of the other terms and conditions of this Agreement, following the death of Optionee, this Option may, to the extent
it is vested and exercisable by Optionee in accordance with its terms on the date of death, be exercised by Optionee’s beneficiary or other person entitled to exercise this Option in the event of Optionee’s death under the Plan.
Notwithstanding the first sentence of this Section 3, (i) if this Option is a Nonqualified Stock Option, this Option may be assigned pursuant to a qualified domestic relations order as defined by the Code, and exercised by the spouse of the Optionee
who obtained such Option pursuant to such qualified domestic relations order, and (ii) this Option may be assigned, in connection with the Optionee’s estate plan, in whole or in part, during the Optionee’s lifetime to one or more members
of the Optionee’s immediate family or to a trust established exclusively for one or more of such immediate family members. Rights under the assigned portion may be exercised by the person or persons who acquire a proprietary interest in such
Option pursuant to the assignment. The terms applicable to the assigned portion shall be the same as those in effect for the Option immediately before such assignment and shall be set forth in such documents issued to the assignee as the
Administrator deems appropriate. For purposes of this Section 3, the term “immediate family” means an individual’s spouse, children, stepchildren, grandchildren and parents. 
  
 4. Restrictions; Restrictive Legends. Ownership and transfer of Shares issued pursuant
to the exercise of this Option will be subject to the provisions of, including ownership and transfer restrictions (including, without limitation, ownership and transfer restrictions imposed by applicable gaming laws) contained in, the
Company’s Certificate of Incorporation, as amended from time to time, restrictions imposed by Applicable Laws and restrictions set forth or referenced in legends imprinted on certificates representing such Shares. 
  
 5. General. 
  
 5.1 Governing Law. This Agreement shall be governed by and construed under the laws of the state of Delaware
applicable to agreements made and to be performed entirely in Delaware, without regard to the conflicts of law provisions of Delaware or any other jurisdiction. 

 5.2 Notices. Any notice required or permitted under this Agreement shall be given in writing by
express courier or by postage prepaid, United States registered or certified mail, return receipt requested, to the address set forth below or to such other address for a party as that party may designate by 10 days advance written notice to the
other parties. Notice shall be effective upon the earlier of receipt or 3 days after the mailing of such notice. 
  

			
	 If to the Company:
	  	 Pinnacle Entertainment, Inc.

	 	  	 330 N. Brand Blvd., Suite 1100

	 	  	 Glendale, California 91203

	 	  	 Attention: President

  
 If to Optionee, at the
address set forth on the Grant Notice. 
  
 5.3 Community
Property. Without prejudice to the actual rights of the spouses as between each other, for all purposes of this Agreement, the Optionee shall be treated as agent and attorney-in-fact for that interest held or claimed by his or her spouse with
respect to this Option and the parties hereto shall act in all matters as if the Optionee was the sole owner of this Option. This appointment is coupled with an interest and is irrevocable. 
  
 5.4 Modifications. This Agreement may be amended, altered or modified
only by a writing signed by each of the parties hereto. 
  
 5.5
Application to Other Stock. In the event any capital stock of the Company or any other corporation shall be distributed on, with respect to, or in exchange for shares of Common Stock as a stock dividend, stock split, reclassification or
recapitalization in connection with any merger or reorganization or otherwise, all restrictions, rights and obligations set forth in this Agreement shall apply with respect to such other capital stock to the same extent as they are, or would have
been applicable, to the Option Shares on or with respect to which such other capital stock was distributed. 
  
 5.6 Additional Documents. Each party agrees to execute any and all further documents and writings, and to perform such other actions, which may be
or become reasonably necessary or expedient to be made effective and carry out this Agreement. 
  
 5.7 No Third-Party Benefits. Except as otherwise expressly provided in this Agreement, none of the provisions of this Agreement shall be for the benefit of, or enforceable by, any third-party beneficiary.

  
 5.8 Successors and Assigns. Except as provided herein
to the contrary, this Agreement shall be binding upon and inure to the benefit of the parties, their respective successors and permitted assigns. 

 5.9 No Assignment. Except as otherwise provided in this Agreement, the Optionee may not assign any
of his, her or its rights under this Agreement without the prior written consent of the Company, which consent may be withheld in its sole discretion. The Company shall be permitted to assign its rights or obligations under this Agreement, but no
such assignment shall release the Company of any obligations pursuant to this Agreement. 
  
 5.10 Severability. The validity, legality or enforceability of the remainder of this Agreement shall not be affected even if one or more of the provisions of this Agreement shall be held to be invalid, illegal
or unenforceable in any respect. 
  
 5.11 Equitable Relief.
The Optionee acknowledges that, in the event of a threatened or actual breach of any of the provisions of this Agreement, damages alone will be an inadequate remedy, and such breach will cause the Company great, immediate and irreparable injury and
damage. Accordingly, the Optionee agrees that the Company shall be entitled to injunctive and other equitable relief, and that such relief shall be in addition to, and not in lieu of, any remedies it may have at law or under this Agreement.

  
 5.12 Arbitration. 
  
 5.12.1 General. Any controversy, dispute, or claim between the
parties to this Agreement, including any claim arising out of, in connection with, or in relation to the formation, interpretation, performance or breach of this Agreement shall be settled exclusively by arbitration, before a single arbitrator, in
accordance with this Section 5.12 and the then most applicable rules of the American Arbitration Association. Judgment upon any award rendered by the arbitrator may be entered by any state or federal court having jurisdiction thereof. Such
arbitration shall be administered by the American Arbitration Association. Arbitration shall be the exclusive remedy for determining any such dispute, regardless of its nature. Notwithstanding the foregoing, either party may in an appropriate matter
apply to a court for provisional relief, including a temporary restraining order or a preliminary injunction, on the ground that the award to which the applicant may be entitled in arbitration may be rendered ineffectual without provisional relief.
Unless mutually agreed by the parties otherwise, any arbitration shall take place in the City of Los Angeles, California. 
  
 5.12.2 Selection of Arbitrator. In the event the parties are unable to agree upon an arbitrator, the parties shall select a single arbitrator from
a list of nine arbitrators drawn by the parties at random from the “Independent” (or “Gold Card”) list of retired judges or, at the option of Optionee, from a list of nine persons (which shall be retired judges or corporate or
litigation attorneys experienced in stock options and buy-sell agreements) provided by the office of the American Arbitration Association having jurisdiction over Los Angeles, California. If the parties are unable to agree upon an arbitrator from
the list so drawn, then the parties shall each strike names alternately from the list, with the first to strike being determined by lot. After each party has used four strikes, the remaining name on the list shall be the arbitrator. If such person
is unable to serve for any reason, the parties shall repeat this process until an arbitrator is selected. 
  
 5.12.3 Applicability of Arbitration; Remedial Authority. This agreement to resolve any disputes by binding arbitration shall extend to claims
against any parent, 

 
subsidiary or affiliate of each party, and, when acting within such capacity, any officer, director, shareholder, employee or agent of each party, or of any
of the above, and shall apply as well to claims arising out of state and federal statutes and local ordinances as well as to claims arising under the common law. In the event of a dispute subject to this paragraph the parties shall be entitled to
reasonable discovery subject to the discretion of the arbitrator. The remedial authority of the arbitrator (which shall include the right to grant injunctive or other equitable relief) shall be the same as, but no greater than, would be the remedial
power of a court having jurisdiction over the parties and their dispute. The arbitrator shall, upon an appropriate motion, dismiss any claim without an evidentiary hearing if the party bringing the motion establishes that he or it would be entitled
to summary judgement if the matter had been pursued in court litigation. In the event of a conflict between the applicable rules of the American Arbitration Association and these procedures, the provisions of these procedures shall govern.

  
 5.12.4 Fees and Costs. Any filing or administrative
fees shall be borne initially by the party requesting arbitration. The Company shall be responsible for the costs and fees of the arbitration, unless the Optionee wishes to contribute (up to 50%) of the costs and fees of the arbitration.
Notwithstanding the foregoing, the prevailing party in such arbitration, as determined by the arbitrator, and in any enforcement or other court proceedings, shall be entitled, to the extent permitted by law, to reimbursement from the other party for
all of the prevailing party’s costs (including but not limited to the arbitrator’s compensation), expenses, and attorneys’ fees. 
  
 5.12.5 Award Final and Binding. The arbitrator shall render an award and written opinion, and the award shall be final and binding upon the
parties. If any of the provisions of this paragraph, or of this Agreement, are determined to be unlawful or otherwise unenforceable, in whole or in part, such determination shall not affect the validity of the remainder of this Agreement, and this
Agreement shall be reformed to the extent necessary to carry out its provisions to the greatest extent possible and to insure that the resolution of all conflicts between the parties, including those arising out of statutory claims, shall be
resolved by neutral, binding arbitration. If a court should find that the arbitration provisions of this Agreement are not absolutely binding, then the parties intend any arbitration decision and award to be fully admissible in evidence in any
subsequent action, given great weight by any finder of fact, and treated as determinative to the maximum extent permitted by law. 
  
 5.13 Headings. The section headings in this Agreement are inserted only as a matter of convenience, and in no way define, limit, extend or
interpret the scope of this Agreement or of any particular section. 
  
 5.14 Number and Gender. Throughout this Agreement, as the context may require, (a) the masculine gender includes the feminine and the neuter gender includes the masculine and the feminine; (b) the singular tense and number includes
the plural, and the plural tense and number includes the singular; (c) the past tense includes the present, and the present tense includes the past; (d) references to parties, sections, paragraphs and exhibits mean the parties, sections, paragraphs
and exhibits of and to this Agreement; and (e) periods of days, weeks or months mean calendar days, weeks or months. 

 5.15 Counterparts. This Agreement may be executed simultaneously in two or more counterparts, each
of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
  
 5.16 Complete Agreement. The Grant Notice, this Agreement and the Plan constitute the parties’ entire agreement with respect to the subject
matter hereof and supersede all agreements, representations, warranties, statements, promises and understandings, whether oral or written, with respect to the subject matter hereof. 
  

			
	 PINNACLE ENTERTAINMENT, INC.

		
	 By:
	 	  

	 Its:
	 	  

	
	 OPTIONEE

	
	  

	 Name:

 SPOUSAL CONSENT 
  

By his or her signature below, the spouse of the Optionee agrees to be bound by all of the terms and conditions of the foregoing Option Agreement.

  

	
	 OPTIONEE’S SPOUSE

	
	  

	 Signature

	
	  

	 Print Name

 EXHIBIT A 
 NOTICE OF EXERCISE OF STOCK OPTION 
  
 Pinnacle Entertainment, Inc. 
 330 N. Brand Blvd., Suite 1100 
 Glendale, California 91203 
 Attn: President 
  
 Ladies and Gentlemen: 
  
 The undersigned hereby elects to exercise the option indicated below: 
  
 Option Grant Date: __________________________ 
 Type of Option: Incentive Stock Option / Nonqualified Stock Option 
 Number of Shares Being Exercised: ________________ 
 Exercise Price Per Share: ________________ 
 Total Exercise Price:
$________________ 
 Method of Payment: ________________ 
  
 Enclosed herewith is payment in full of the total exercise price and a copy of the Grant Notice. 
  
 My exact name, current address and social security number for purposes of the
stock certificates to be issued and the shareholder list of the Company are: 
  

			
	 Name:
	  	___________________________________
		
	 Address:
	  	___________________________________
		
	 	  	___________________________________
	
	 Social Security Number:_________________________

  

			
	 	 	 Sincerely,

		
	 Dated: _________________
	 	  

	 	 	 (Optionee’s Signature)

 PINNACLE ENTERTAINMENT, INC. 
 STOCK OPTION GRANT NOTICE 
 (2001 Stock Option Plan) 
  
 Pinnacle Entertainment, Inc. (the “Company”), pursuant to its 2001 Stock Option
Plan (the “Plan”), hereby grants to Optionee the option to purchase the number of Shares of the Company set forth below (the “Option”). This Option is subject to all of the terms and conditions as set forth in this Grant Notice,
the Stock Option Agreement (the “Option Agreement”) and the Plan, all of which are attached hereto and incorporated herein in their entirety. 
  

			
	 Optionee:
	 	 _________________________________________

	 Date of Grant:
	 	 _________________________________________

	 Number of Shares of Common Stock:
	 	 _________________________________________

	 Exercise Price Per Share:
	 	 _________________________________________

	 Initial Vesting Date:
	 	 _________________________________________

	 Type of Option
	 	 ISO / NQSO

  
 Vesting Schedule: Subject to
the restrictions and limitations of the Option Agreement and the Plan, this Option shall vest and become exercisable with respect to             % of the Shares subject to this
Option on the Initial Vesting Date. On each subsequent anniversary of the Initial Vesting Date, this Option shall become vested and exercisable with respect to an additional
            % of the Shares subject to this Option. 
  
 Additional Terms/Acknowledgements: The undersigned Optionee acknowledges receipt of, and has read and understands and agrees to, the Option Agreement and the Plan.
Optionee further acknowledges that as of the Date of Grant, the Option Agreement and the Plan set forth the entire understanding between Optionee and the Company regarding the grant by the Company of the Option referred to in this Grant Notice.
Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Board or the Administrator upon any questions arising under the Plan. 
  

							
	PINNACLE ENTERTAINMENT, INC.	  	OPTIONEE:
			
	 By:
	 	  

	  	  

	 	 	Signature	  	Signature
	 Title:
	 	  

	  	 	  	 
	 	 	 	  	 	  	 
	 Date:
	 	  

	  	Date:	  	  

  

	ATTACHMENTS:	Stock Option Agreement and 2001 Stock Option Plan 

  
 SPOUSE OF OPTIONEE: 
  
 Spouse has read and understands the Option Agreement and the Plan and is executing this Grant Notice to evidence Spouse’s consent and agreement to be bound by all of the terms and conditions of the Option
Agreement and the Plan (including those relating to the appointment of the Optionee as agent for any interest that Spouse may have in the Option Shares). 

			
	  

	 	  

	Signature	 	             Date

	
	 Optionee Address:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}]]