Document:

Proxy and Voting Agreement, Dated as of May 16, 2006

 Exhibit 10.1 
 PROXY 
 AND 
 VOTING AGREEMENT 
 THIS PROXY AND VOTING AGREEMENT (this “Agreement”), dated as of
May 16, 2006, is entered into by and among Herbst Gaming, Inc., a Nevada corporation (“Parent”); HGI-Casinos, Inc., a Nevada corporation and a wholly-owned subsidiary of Parent (“Merger Sub”); Cornelius T.
Klerk; David R. Grundy; Deborah Lundgren; Doug Hayes; Ferenc B. Szony; Jon N. Bengtson; Larry Tuntland; Louis J. Phillips; Pete Cladianos III; Pete Cladianos; Jr.; Robert J. Medeiros; Katherene Latham; Bradley Cladianos 1996 Trust; The Hannah
Patricia Pauly Trust; The Pete Cladianos III Trust; The Antonia Cladianos II Grantor Retained Annuity Trust; The Leslie Cladianos Grantor Retained Annuity Trust; The Pete Cladianos Jr. Trust FBO Pete Cladianos III; The Katherene Johnson Latham Trust
FBO Pete Cladianos III; The Katherene Johnson Latham Trust FBO Leslie Cladianos; The Pete Cladianos Jr. Trust FBO Leslie Cladia; The Pete Cladianos Jr. Trust FBO Antonia Cladianos II; The Katherene Johnson Latham Trust FBO Antonia Cladianos II; The
Pete Cladianos Jr. Trust FBO Allison Cladianos; The Pete Cladianos Jr. Trust FBO Antonia Cladianos II Trust; The Pete Cladianos III Grantor Retained Annuity Trust; Antonia Cladianos; The Katherene J. Latham 1988 Trust; Katherene Renee Lundgren
UNIFTRF MIN ACT NV; The Deborah R. Lundgren Family Trust; The Katherene Johnson Latham Trust FBO Katherene R. Lundgren; The Pete Cladianos Jr. FBO Katherene R. Lundgren; The Katherene Johnson Latham Trust FBO Gregory K. Lundgren; The Pete Cladianos
Jr. Trust FBO Gregory K. Lundgen; The Katherene R. Lundgren Trust; The Gregory Kent Lundgren Trust and The Deborah R. Lundgren 1986 Trust; (such individuals and entities together, the “Stockholders” and each a
“Stockholder”) and, with respect to Section 7(k) hereof only, The Sands Regent, a Nevada corporation (the “Company”) 
 RECITALS 
 WHEREAS, concurrently herewith, Parent, Merger Sub, and the Company have entered into an
Agreement and Plan of Merger, of even date herewith (as such agreement may hereafter be amended from time to time in conformity with the provisions thereof, the “Merger Agreement”), pursuant to which Merger Sub will merge with and
into the Company and the Company shall be the surviving corporation and become a wholly-owned subsidiary of Parent (the “Merger”); 
 WHEREAS, the Stockholders are the beneficial owners (as defined below) of shares of common stock, $0.10 par value per share, of the Company in such amounts as set forth in Annex A (such shares, together with all other shares of
capital stock or other voting securities of the Company with respect to which each Stockholder has beneficial ownership as of the date of this Agreement, and any shares of capital stock or other voting securities of the Company, beneficial ownership
of which is directly or indirectly acquired after the date hereof, including, without limitation, shares received pursuant to any stock splits, stock dividends or distributions, shares acquired by purchase or upon the exercise, conversion or
exchange of any option, warrant or convertible security or otherwise, and shares or any voting securities of the Company received pursuant to any change in the capital stock of the Company by reason of any recapitalization, merger, reorganization,
consolidation, combination, exchange of shares or the like, are referred to herein as “Stockholder Shares”); and 

 WHEREAS, as an inducement and a condition to entering into the Merger Agreement, Parent and Merger Sub
have requested that the Stockholders agree, and the Stockholders have each agreed, to enter into this Agreement. 
 AGREEMENT

 NOW, THEREFORE, in consideration of the foregoing and the mutual promises, representations, warranties, covenants and agreements
contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 1. Definitions. For the purposes of this Agreement, terms not defined herein but used herein and defined in the Merger Agreement shall have the meanings set forth in the Merger Agreement, unless the context
clearly indicates otherwise. 
 2. Voting Agreement. Each Stockholder hereby agrees with Parent and Merger Sub that, at any meeting of
the Company’s stockholders, however called, such Stockholder shall appear at each such meeting, in person or by proxy, or otherwise cause all of their respective Stockholder Shares then outstanding to be counted as present thereat for purposes
of establishing a quorum, and such Stockholder shall vote, or cause to be voted (or in connection with any written consent of the Company’s stockholders, act, or cause to be acted, by written consent, if so permitted) with respect to all
Stockholder Shares that such Stockholder is entitled to vote or as to which such Stockholder has the right to direct the voting, as of the relevant record date, (i) in favor of the Merger Agreement and the Merger and each of the other actions
contemplated by the Merger Agreement and this Agreement and actions required in furtherance thereof and hereof; (ii) against any proposal that is intended to, or is reasonably likely to result in any of the conditions of the Parent’s or
Merger Sub’s obligations under the Merger Agreement not being fulfilled; and (iii) against (A) any Acquisition Proposal (as defined in the Merger Agreement), or (B) the election of a group of individuals to replace a majority or
more of the individuals presently on the Board of Directors of the Company; provided that if one or more individuals presently on the Board of Directors withdraws his or her nomination for reelection at any meeting of stockholders for the
election of directors, such Stockholder may vote for a replacement director nominated by the Company’s Board of Directors for such individual(s); provided further that nothing in this Agreement shall be interpreted as obligating any
Stockholder to exercise any options to acquire shares of capital stock of the Company. 
 3. Proxy. 
 (a) Each Stockholder hereby irrevocably (but subject to the termination provisions of Section 6 hereof) constitutes and appoints
Parent, which shall act by and through Edward J. Herbst (the “Proxy Holder”), with full power of substitution, its true and lawful proxy and attorney-in-fact to vote at any meeting (and any adjournment or postponement thereof) of
the Company’s stockholders called for purposes of considering whether to approve any transaction described in Section 2 hereof, or to execute a written consent of stockholders in lieu of any such meeting (if so permitted), all Stockholder
Shares held by such Stockholder of record as of the relevant record date, in the manner specified in Section 2 hereof. 
  

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 (b) The proxy and power of attorney granted herein shall be deemed to be coupled with an
interest sufficient in law to support a proxy and shall revoke all prior proxies granted by each Stockholder which conflict with the proxy granted herein. Each Stockholder will take such further action or execute such other instruments as may be
necessary to effectuate the intent of this proxy and power of attorney. Each Stockholder shall not grant any proxy to any person which conflicts with the proxy granted herein, and any attempt to do so shall be void. The power of attorney granted
herein is a durable power of attorney and shall survive the insolvency, incapacity, death or liquidation of a Stockholder, as the case may be. 
 (c) If any Stockholder fails for any reason to vote his, her or its Stockholder Shares as required by Section 2 hereof, then the Proxy Holder shall have the right to vote the Stockholder Shares held by such
Stockholder at any meeting of the Company’s stockholders and in any action by written consent of the Company’s stockholders in accordance with this Section 3. The vote of a Proxy Holder shall control in any conflict between a vote of
such Stockholder Shares by a Proxy Holder and a vote of such Stockholder Shares by such Stockholder with respect to the matters set forth in Section 2 hereof. 
 4. Director and Officer Matters Excluded. Parent and Merger Sub acknowledge and agree that no provision of this Agreement shall limit or otherwise restrict any Stockholder with respect to any act or omission
that a Stockholder may undertake or authorize in his or her capacity as a director or officer of the Company, including, without limitation, any vote that such Stockholder may make as a director or officer of the Company with respect to any matter
presented to the Company Board. 
 5. Other Covenants, Representations and Warranties. Each Stockholder hereby represents and warrants
to, and covenants with, Parent and Merger Sub as follows: 
 (a) Title to Stockholder Shares. Each Stockholder is the
beneficial owner (as defined in Rule 13(d)(3) promulgated under the Exchange Act, “beneficial owner”) of all the Stockholder Shares set forth in Annex A opposite such Stockholder’s name. Each Stockholder has sole voting
power and the sole power of disposition with respect to all of his or her Stockholder Shares outstanding on the date hereof, and will have sole voting power and sole power of disposition with respect to all of his or her Stockholder Shares acquired
after the date hereof upon the exercise, conversion or exchange of any option, warrant or convertible security owned or held by such Stockholder as of the date hereof, with no limitations, qualifications or restrictions on such rights. Each
Stockholder is the sole record holder of his or her Stockholder Shares outstanding on the date hereof as set forth in Annex A opposite such Stockholder’s name. 
 (b) Power; Binding Agreement. Each Stockholder has the legal capacity, power and authority to enter into and perform all of his or
her respective Stockholder obligations under this Agreement. The execution, delivery and performance of this Agreement by each Stockholder will not violate any agreement or court order to which such Stockholder is a party or is subject, including,
without limitation, any voting agreement or voting trust. This Agreement has been duly and validly executed and delivered by each Stockholder and constitutes a valid and binding agreement upon each Stockholder, enforceable against such Stockholder
in accordance with its terms, subject to general principles of equity. 
  

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 (c) Restriction on Transfer, Proxies and Non-Interference; Stop Transfer. Except
as expressly contemplated by this Agreement, during the term of this Agreement, no Stockholder shall, directly or indirectly: (i) offer for sale, sell, transfer, tender, pledge, encumber, assign or otherwise dispose of, or enter into any
contract, option or other arrangement or understanding with respect to, or consent to the offer for sale, sale, transfer, tender, pledge, encumbrance, assignment or other disposition of, any or all of his or her Stockholder Shares or any interest
therein; (ii) grant any proxies or powers of attorney with respect to any Stockholder Shares which conflict with Section 3(a) hereof and the proxy granted herein or deposit any Stockholder Shares into a voting trust or enter into a voting
agreement with respect to any Stockholder Shares; or (iii) take any action that would make any representation or warranty of such Stockholder contained herein untrue or incorrect or have the effect of preventing or disabling such Stockholder
from performing any of his or her respective Stockholder obligations under this Agreement. Each Stockholder further agrees with and covenants to Parent that such Stockholder shall not request that the Company register the transfer of any certificate
or uncertificated interest representing any of their Stockholder Shares, unless such transfer is made in compliance with this Agreement. Each Stockholder agrees that, in order to ensure compliance with the restrictions referred to herein, the
Company may issue appropriate “stop transfer” instructions to its transfer agent. 
 (d) No Consents. To his,
her or its knowledge, the execution and delivery of this Agreement by each Stockholder does not, and the performance by each Stockholder of his, her or its obligations hereunder will not, require such Stockholder to obtain any consent, approval,
authorization or permit of, or to make any filing with or notification to, any Governmental Entity. 
 (e) Notification of
Parent. Each Stockholder hereby agrees, while this Agreement is in effect, to notify Parent and Merger Sub promptly of the number of any additional shares of capital stock and the number and type of any other voting securities of the Company
acquired by such Stockholder, if any, after the date hereof. 
 (f) Reliance by Parent and Merger Sub. Each Stockholder
understands and acknowledges that Parent and Merger Sub are entering into the Merger Agreement in reliance upon such Stockholder’s execution and delivery of this Agreement. 
 (g) Sophistication. Each Stockholder acknowledges being an informed and sophisticated investor and, together with such
Stockholder’s advisors, has undertaken such investigation as they have deemed necessary, including the review of the Merger Agreement and this Agreement, to enable the Stockholder to make an informed and intelligent decision with respect to the
Merger Agreement and this Agreement and the transactions contemplated thereby and hereby. 
 (h) Permitted Transfers.
Notwithstanding Section 5(c), any Stockholder that is a natural person shall have the right to transfer his or her Stockholder Shares to (1) any Family Member (as defined below); (2) the trustee or trustees of a trust for the benefit
of such Stockholder and/or one or more Family Members; (3) the executor, administrator or personal representative of the estate of such Stockholder; (4) any guardian, trustee or conservator appointed with respect to the assets of such
Stockholder or (5) any transferee approved by Parent; provided that in the case of any such transfer, the transferee shall, as a condition to such transfer, execute an agreement to be 

  

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bound by the terms and conditions of this Agreement. “Family Member” means the Stockholder’s spouse, father, mother, issue (if living
with the Stockholder), brother or sister. 
 6. Termination. This Agreement, including the voting agreement and proxy granted pursuant
to Sections 2 and 3 hereof, shall terminate immediately upon the earlier to occur of (a) the termination of the Merger Agreement in accordance with its terms, (b) the Effective Time and (c) the date of any material modification,
waiver or amendment to the Merger Agreement which reduces the Per Share Amount or extends the Outside Date beyond the date which is 12 months after the date hereof. 
 7. Miscellaneous. 
 (a) Entire Agreement. This Agreement constitutes the entire
agreement between the parties with respect to the subject matter hereof and supersedes all other prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof. 
 (b) Assignment. This Agreement shall not be assigned by operation of law or otherwise without the prior written consent of the
other parties hereto, and any attempted assignment in violation hereof shall be void. 
 (c) Amendments, Waivers, Etc.
This Agreement may not be amended, changed, supplemented, waived or otherwise modified or terminated, except upon the execution and delivery of a written agreement executed by the parties hereto. 
 (d) Notices. All notices and other communications pursuant to this Agreement shall be in writing and shall be deemed given if
delivered personally, sent by facsimile, sent by nationally-recognized overnight courier or mailed by registered or certified mail (return receipt requested), postage prepaid, to the parties at the addresses set forth below or to such other address
as the party to whom notice is to be given may have furnished to the other parties hereto in writing in accordance herewith. Any such notice or communication shall be deemed to have been delivered and received (A) in the case of personal
delivery, on the date of such delivery, (B) in the case of facsimile, on the date sent if confirmation of receipt is received and such notice is also promptly mailed by registered or certified mail (return receipt requested), (C) in the
case of a nationally-recognized overnight courier in circumstances under which such courier guarantees next business day delivery, on the next business day after the date when sent, and (D) in the case of mailing, on the third business day
following that on which the piece of mail containing such communication is posted: 
  

			
	if to Parent or Merger Sub:	  	Herbst Gaming, Inc.
		  	3440 West Russell Road
		  	Las Vegas, Nevada 89118
		  	Attention: Edward J. Herbst and Sean Higgins
		  	Facsimile: (702) 798-8079

  

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	with a copy to:	  	Gibson, Dunn & Crutcher LLP
		  	333 S. Grand Ave.
		  	Los Angeles, California 90071
		  	Attention: Peter F. Ziegler
		  	Facsimile: (213) 229-7520
		
	if to a Stockholder, to:	  	such address for the Stockholder as set forth on the signature page hereto

 or to such other address as the person to whom notice is given may have previously furnished to the
others in writing in the manner set forth above. 
 (e) Severability. If any provision of this Agreement is deemed or
held to be illegal, invalid or unenforceable, this Agreement shall be considered divisible and inoperative as to such provision to the extent it is deemed to be illegal, invalid or unenforceable, and in all other respects this Agreement shall remain
in full force and effect; provided, however, that if any provision of this Agreement is deemed or held to be illegal, invalid or unenforceable, the parties agree to replace such provision with a provision that is legal, valid and
enforceable and that will achieve, to the greatest extent possible, the economic, business and other purposes of such invalid or unenforceable provision. Further, should any provision contained in this Agreement ever be reformed or rewritten by any
judicial body of competent jurisdiction, such provision as so reformed or rewritten shall be binding upon all parties hereto. 
 (f) No Waiver. The failure of any party hereto to exercise any right, power or remedy provided under this Agreement or otherwise available in respect hereof at law or in equity, or to insist upon compliance by any other party hereto
with its obligations hereunder, and any custom or practice of the parties at variance with the terms hereof, shall not constitute a waiver by such party of its right to exercise any such or other right, power or remedy or to demand such compliance.

 (g) Governing Law; Submission to Jurisdiction; Waivers; Consent to Service of Process; Waiver of Jury Trial. This
Agreement shall be deemed to be made in and in all respects shall be interpreted, construed and governed by and in accordance with the laws of the State of Nevada without regard to the conflict of law principles thereof. Each party hereto
irrevocably agrees that any legal action or proceeding with respect to this Agreement or for recognition and enforcement of any judgment in respect hereof brought by another party hereto or its successors or assigns shall be brought in the courts of
the State of Nevada to the fullest extent permitted by Applicable Law and each of the parties hereto hereby (x) irrevocably submits with regard to any such action or proceeding for itself and in respect to its property, generally and
unconditionally, to the exclusive personal jurisdiction of the aforesaid courts in the event any dispute arises out of this Agreement or any transaction contemplated hereby, (y) agrees that it will not attempt to deny or defeat such personal
jurisdiction by motion or other request for leave from any such court and (z) agrees that it will not bring any action relating to this Agreement or any transaction contemplated hereby in any court other than the aforesaid courts. Any service
of process to be made in such action or proceeding may be made by delivery of process in accordance with the notice provisions contained in Section 7(d). Each of the parties hereto hereby irrevocably waives, and agrees not to assert, by
way of motion, as a defense, counterclaim or otherwise, in any 

  

 6 

 
action or proceeding with respect to this Agreement, (a) any claim that it is not personally subject to the jurisdiction of the above-named courts
for any reason other than the failure to serve process in accordance with this Section 7(g), (b) that it or its property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts
(whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise), and (c) to the fullest extent permitted by applicable law that (i) the suit, action or
proceeding in any such court is brought in an inconvenient forum, (ii) the venue of such suit, action or proceeding is improper and (iii) this Agreement, or the subject matter hereof, may not be enforced in or by such courts. Each party
hereto hereby waives, to the fullest extent permitted by applicable law, any right it may have to a trial by jury in any legal proceeding directly or indirectly arising out of or relating to this Agreement or the transactions contemplated hereby
(whether based on contract, tort or any other theory). Each party hereto (a) certifies that no representative, agent or attorney of any other party has represented, expressly or otherwise, that such other party would not, in the event of
litigation, seek to enforce the foregoing waiver and (b) acknowledges that it and the other parties hereto have been induced to enter into this Agreement by, among other things, the mutual waivers and certifications in this section.

 (h) Counterparts. This Agreement may be executed by facsimile and in multiple counterparts, each of which shall be
deemed to be an original but all of which shall constitute one and the same agreement. 
 (i) Further Assurances. At
the request of any party to another party or parties to this Agreement, such other party or parties shall execute and deliver such instruments or documents to evidence or further effectuate (but not to enlarge) the respective rights and obligations
of the parties and to evidence and effectuate any termination of this Agreement. 
 (j) Specific Performance. The
parties hereto agree that irreparable damage would occur in the event any provision of this Agreement was not performed in accordance with the terms hereof and that the parties shall be entitled to specific performance of the terms hereof, in
addition to any other remedy at law or equity without the necessity of demonstrating the inadequacy of monetary damages. 
 (k) Company Stop Transfer Agreement. The Company hereby acknowledges the restrictions on transfer of the Stockholder Shares contained in Section 5(c) hereof. The Company agrees not to, and to instruct its transfer agent not to,
register the transfer (book-entry or otherwise) of any certificate or uncertificated interest representing any Stockholder Shares, unless such transfer is made pursuant to and in compliance with this Agreement. 
 (l) Individual Performance. Notwithstanding anything in this Agreement to the contrary, no Stockholder shall be responsible or
liable for the failure of any other Stockholder to comply with its obligations hereunder. Nothing in this Agreement shall be interpreted as creating a “group” (as such term is defined in the rules promulgated under the Securities Exchange
Act of 1934, as amended) among the Stockholders. 
 (Remainder of page intentionally left blank) 
  

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 IN WITNESS WHEREOF, Parent, Merger Sub and the Stockholders have caused this Agreement to be duly
executed as of the day and year first above written. 
  

			
	HERBST GAMING, INC.
		
	 By:
	 	 /s/ Edward J. Herbst

		 	 Name: Edward J. Herbst
 Title: Chairman, Chief Executive Officer and President

	
	HGI-CASINOS, INC.
		
	 By:
	 	 /s/ Edward J. Herbst

		 	 Name: Edward J. Herbst
 Title: Chairman, Chief Executive Officer and President

	
	STOCKHOLDERS:

			
	
	 /s/ Cornelius T. Klerk

	 Cornelius T. Klerk

		
	 Address:
	 	  
	  	 	  
	
	 /s/ David R. Grundy

	 David R. Grundy

		
	 Address:
	 	  
	  	 	  
	
	 /s/ Deborah Lundgren

	 Deborah Lundgren

		
	 Address:
	 	  
	  	 	  

			
	
	 /s/ Doug Hayes

	 Doug Hayes

		
	 Address:
	 	  
	  	 	  
	
	 /s/ Ferenc B. Szony

	 Ferenc B. Szony

		
	 Address:
	 	  
	  	 	  
	
	 /s/ Jon N. Bengtson

	 Jon N. Bengtson

		
	 Address:
	 	  
	  	 	  
	
	 /s/ Larry Tuntland

	 Larry Tuntland

		
	 Address:
	 	  
	  	 	  
	
	 /s/ Louis J. Phillips

	 Louis J. Phillips

		
	 Address:
	 	  
	  	 	  

			
	
	 /s/ Pete Cladianos III

	 Pete Cladianos III

		
	 Address:
	 	  
	  	 	  
	
	 /s/ Pete Cladianos, Jr.

	 Pete Cladianos, Jr.

		
	 Address:
	 	  
	  	 	  
	
	 /s/ Robert J. Medeiros

	 Robert J. Medeiros

		
	 Address:
	 	  
	
	 /s/ Katherene Latham

	 Katherene Latham

		
	 Address:
	 	  
	
	 Bradley Cladianos 1996 Trust

	
	 /s/ Pete Cladianos III

	 Pete Cladianos III
 Trustee

	
	 The Hannah Patricia Pauly Trust

	
	 /s/ Pete Cladianos Jr.

	 Pete Cladianos Jr.

	 Trustee

	
	 The Pete Cladianos III Trust

	
	 /s/ Pete Cladianos Jr.

	 Pete Cladianos Jr.

	 Trustee

	
	The Antonia Cladianos II Grantor Retained Annuity Trust
	
	 /s/ Pete Cladianos Jr.

	 Pete Cladianos Jr.

	 Trustee

	
	The Leslie Cladianos Grantor Retained Annuity Trust
	
	 /s/ Pete Cladianos Jr.

	 Pete Cladianos Jr.

	 Trustee

	
	The Pete Cladianos Jr. Trust FBO Pete Cladianos III
	
	 /s/ Pete Cladianos Jr.

	 Pete Cladianos Jr.

	 Trustee

	
	The Katherene Johnson Latham Trust FBO Pete Cladianos III
	
	 /s/ Pete Cladianos Jr.

	 Pete Cladianos Jr.

	 Trustee

	
	The Katherene Johnson Latham Trust FBO Leslie Cladianos
	
	 /s/ Pete Cladianos Jr.

	 Pete Cladianos Jr.

	 Trustee

	
	The Pete Cladianos Jr. Trust FBO Leslie Cladianos
	
	 /s/ Pete Cladianos Jr.

	 Pete Cladianos Jr.

	 Trustee

	
	The Pete Cladianos Jr. Trust FBO Antonia Cladianos II
	
	 /s/ Pete Cladianos Jr.

	 Pete Cladianos Jr.

	 Trustee

	
	The Katherene Johnson Latham Trust FBO Antonia Cladianos II
	
	 /s/ Pete Cladianos Jr.

	 Pete Cladianos Jr.

	 Trustee

	
	The Pete Cladianos Jr. Trust FBO Allison Cladianos
	
	 /s/ Pete Cladianos Jr.

	 Pete Cladianos Jr.

	 Trustee

	
	The Pete Cladianos Jr. Trust FBO Antonia Cladianos II Trust
	
	 /s/ Pete Cladianos Jr.

	 Pete Cladianos Jr.

	 Trustee

	
	The Pete Cladianos III Grantor Retained Annuity Trust
	
	 /s/ Pete Cladianos Jr.

	 Pete Cladianos Jr.

	 Trustee

	
	 Antonia Cladianos
 (held in street name Wachovia)

	
	 /s/ Pete Cladianos Jr.

	 Pete Cladianos Jr.

	 Trustee

	
	 The Katherene J. Latham 1988 Trust

	
	 /s/ Katherene J. Latham

	 Katherene J. Latham

	 Trustee

	
	Katherene Renee Lundgren UNIFTRF MIN ACT NV
	
	/s/ Debra Lundgren
	 Debra Lundgren
 Custodian

  

	
	The Deborah R. Lundgren Family Trust
	
	/s/ Deborah R. Lundgren
	 Deborah R. Lundgren
 Trustee

  

	
	The Deborah R. Lundgren Family Trust
	
	/s/ Deborah R. Lundgren
	 Deborah R. Lundgren
 Trustee

  

	
	The Katherene Johnson Latham Trust FBO Katherene R. Lundgren
	
	/s/ Deborah Lundgren
	 Deborah Lundgren
 Trustee

	
	The Pete Cladianos Jr. FBO Katherene R. Lundgren
	
	/s/ Deborah Lundgren
	 Deborah Lundgren
 Trustee

  

	
	The Katherene Johnson Latham Trust FBO Gregory K. Lundgren
	
	/s/ Deborah Lundgren
	 Deborah Lundgren
 Trustee

  

	
	The Pete Cladianos Jr. Trust FBO Gregory K. Lundgren
	
	/s/ Deborah Lundgren
	 Deborah Lundgren
 Trustee

  

	
	The Katherene R. Lundgren Trust
	
	/s/ Deborah R. Lundgren
	 Deborah R. Lundgren
 Trustee

	
	The Gregory Kent Lundgren Trust
	
	/s/ Deborah R. Lundgren
	 Deborah R. Lundgren
 Trustee

  

	
	The Deborah R. Lundgren 1986 Trust
	
	/s/ Deborah R. Lundgren
	 Deborah R. Lundgren
 Trustee

  

	
	The Deborah R. Lundgren 1986 Trust
	
	/s/ Deborah R. Lundgren
	 Deborah R. Lundgren
 Trustee

 ACKNOWLEDGED AND AGREED TO 
 (with respect to Section 7(k)): 
  

			
	THE SANDS REGENT
		
	By:	 	 /s/ Ferenc B. Szony

		 	Name: Ferenc B. Szony
		 	Title: President and Chief Executive OfficerEmployment Agreement

 Exhibit 10.17 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (this “Agreement”) dated
March 31, 2006, but effective as of February 15, 2006 (the “Effective Date”) is entered into by and between MSC-Medical Services Company, a Florida corporation (the “Company”), MCP-MSC Acquisition, Inc., a Delaware
corporation (the “Issuer”), and Patrick Dills (“Executive”). 
 Recitals 
 A. The Company desires to retain the services of Executive as Executive Chairman of its Board of Directors (the “Board”) as of the Effective
Date and in the manner set forth herein. 
 B. Executive is willing to serve in such capacities pursuant to the terms and conditions
hereinafter set forth effective as of the Effective Date. 
 C. The equity of the Company is owned solely by the Issuer. 
 D. The Issuer, as the parent corporation of the Company, and the Company desire for the Company to retain the services of Executive, and Executive
desires to be retained by the Company, on the terms and conditions set forth in this Agreement. 
 Agreement 
 For and in consideration of the foregoing and the mutual covenants of the parties herein contained, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
 1. EMPLOYMENT. As of the Effective Date,
the Company hereby employs Executive to serve in the capacities described herein, and Executive hereby accepts such employment and agrees to perform the services described herein upon the terms and conditions hereinafter set forth. 
 2. TERM. The employment of Executive under this Agreement, shall be for the period commencing on the Effective Date and ending (unless extended
pursuant hereto) on the earlier of (a) three (3) years from the Effective Date (the “Initial Term”) or, (b) from and following a “Change of Control” (as hereinafter defined), that date, if ever, that Executive
elects (upon thirty (30) days prior written notice to the Company) to terminate this Agreement (the “Change Date”). During the Initial Term and provided that a Change Date has not then occurred, this Agreement shall automatically
renew for successive one (1) year periods, unless either party provides written notice to the other party of its intention to terminate this Agreement at least ninety (90) days prior to the expiration of the term (each a “Renewal
Term” and together with the Initial Term, the “Term”). The Term shall be subject to earlier termination in accordance with the terms and conditions of this Agreement. 
 For purposes hereof, the term “Change of Control” shall mean: 

 (a) any change in the ownership of the capital stock of the Company if, immediately
after giving effect thereto, any Person (or group of Persons acting in concert) other than Monitor Clipper Equity Partners II, L.P. and Monitor Clipper Equity Partners II (NQP), L.P. (together with Monitor Clipper Equity Partners II, L.P.,
“MCP”) and their Affiliates will have the direct or indirect power to elect a majority of the members of the Board; 
 (b) any sale or other disposition of all or substantially all of the assets of the Company (including without limitation through the sale of all or substantially all of the stock or other equity interests of its direct or indirect
Subsidiaries or sale of all or substantially all of the assets of the Company and its direct or indirect Subsidiaries, taken as a whole) to another Person; 
 (c) any merger or consolidation with another Person (the “Change of Control Transferee”) if, immediately after giving effect thereto, any Person (or group of Persons acting in concert) other than MCP
and its Affiliates will have the power to elect a majority of the members of the board of directors (or other similar governing body) of the Change of Control Transferee; or 
 (d) any change in the ownership of the capital stock of the Company or any issuance of shares of such capital stock or options,
warrants or convertible securities with respect to such capital stock if, immediately after giving effect thereto, MCP and its Affiliates cease to own beneficially (as such term is used in Section 13(d) of the Exchange Act) at least 33 1/3% of
the fully-diluted shares of the capital stock of the Company. 
 Notwithstanding the foregoing, a Change of Control shall be deemed not to have occurred if,
following any transaction or series of transactions, whether or not described above,, (i) MCP continues to hold an equity interest in a line of business of the Company (whether through the Company or another Person), (ii) MCP and its
Affiliates have the direct or indirect power to elect a majority of the members of the board of directors (or similar governing body) of the Company (or such other Person), (iii) MCP and its Affiliates own beneficially (as such term is used in
Section 13(d) of the Exchange Act) at least 33 1/3% of the fully-diluted shares of the capital stock of the Company (or equity interests in such other Person) and (iv) Executive continues to serve as Executive Chairman of the Board or is
requested to serve as the Executive Chairman of the board of directors of the Company (or similar governing body of such other Person) on the terms and conditions contained herein. 
 3. DUTIES. Executive shall: (i) serve as and have the title of Executive Chairman of the Board; (ii) report to the Board;
(iii) have such duties and responsibilities as are assigned by the Board from time to time in various areas which may include, but are not limited to, sales development, senior management evaluation and guidance, strategy review and activities
related to mergers and acquisitions; and (iv) subject to the provisions of this Section 3 and Section 10 hereof, provide all services described in or otherwise related to clause (iii) above on an exclusive basis for the benefit
of the Company. Throughout the Term, Issuer shall elect 

  

 -2- 

 
Executive to, and Executive shall serve as a member of, the Board. Subject to the provisions of this Section 3 and Section 10 hereof, Executive
agrees to devote such portions of his business time, energy, skills and best efforts to such employment while so employed as are, within his reasonable good faith judgment, necessary and desirable to accomplish the duties and responsibilities
assigned to him by the Board from time to time. Subject in all cases to the restrictions contained in Section 10 hereof, however, nothing in this Agreement shall preclude Executive (a) from engaging in charitable and community affairs
(including without limitation, serving as a trustee or member of the board of directors of charitable or community organizations) or investing his personal assets so long as such activities do not materially interfere with his duties and
responsibilities hereunder, (b) from serving as a member of the board of directors or as a trustee of not more than two corporations, associations or entities any securities of which are publicly traded or were issued pursuant to Rule 144A
under the Securities Act of 1933, as amended (each a “Public Company”), or (c) with the prior written consent of the Issuer, which consent shall not be unreasonably withheld, conditioned or delayed, from serving as a general partner
or other member of the board of directors, trustees or managers of such other partnership, corporation or company which is not a Public Company, it being understood that Executive’s membership, and participation in activities with respect to
such membership, on the board of directors of Vivius, Inc., a privately held, consumer-driven health care company, has been previously consented to by the Issuer and the Company. Executive shall be entitled to have access to office space, as from
time to time reasonably requested by him in order to discharge his duties hereunder, at the Company’s principal executive offices, at the offices of MCP in Cambridge, Massachusetts and (to the extent reasonably available) at the offices of
Monitor Clipper Group in Chicago, Illinois and New York, New York. Executive shall also be entitled to receive, as from time to time reasonably requested by him in order to discharge his duties hereunder, secretarial and junior professional support
from MCP and Monitor Clipper Group, as applicable. 
 4. COMPENSATION. 
 (a) Base Compensation. The Company shall pay Executive, on the same schedule and basis on which it pays its other salaried employees, and
Executive agrees to accept, base compensation at the rate of: (i) $175,000 per year from the Effective Date through December 31, 2006; and (ii) $150,000 per year thereafter throughout the remaining portions of the Term (the “Base
Compensation”). 
 (b) Performance Based Bonus. The Company shall pay Executive an annual bonus to be determined at the
discretion of the Board based on the financial performance of the Company. 
 (c) Bonus In Connection With Vesting of Restricted
Stock. Concurrently with each vesting of the Restricted Shares pursuant to the Restricted Stock Award made pursuant to Section 5(b) below, the Company shall (i) pay to or for the benefit of Executive a cash bonus equal to the following
fraction of the aggregate fair market value of the Restricted Shares so vesting (the “Tax Bonus”): 
  

 -3- 

							
	               T            
	  		  		  	
	1.0 – T	  		  		  	

 where “T” is equal to the highest combined marginal rate of federal, state and local taxation
(including, without limitation, income and employment (e.g., Medicare) taxes) then applicable to Executive on account of the vesting of the Restricted Shares then vesting, and (ii) pay over the entire amount of such Tax Bonus at the appropriate
time to the appropriate governmental authorities as taxes withheld from the compensation of Executive (and none of such Tax Bonus shall be paid directly to Executive). 
 5. EQUITY INCENTIVES. 
 (a) Options. Executive shall be entitled to receive, pursuant to a
separate Nonstatutory Stock Option Certificate in substantially the form attached hereto as Exhibit A (the “Option Agreement”), an option to purchase 1,800,000 shares of common stock of the Issuer at strike prices and on the terms and
conditions specified in the Option Agreement. 
 (b) Restricted Stock. Executive shall be entitled to receive, pursuant to a separate
Restricted Stock Agreement in substantially the form attached hereto as Exhibit B (the “Restricted Stock Agreement”), 900,000 shares of common stock of the Issuer (the “Restricted Shares”) on the terms and conditions specified in
the Restricted Stock Agreement (the “Restricted Stock Award”). 
 (c) Stockholders’ Agreement. Concurrently with his
execution and delivery of this Agreement, Executive is executing counterpart signature pages of the Stockholders’ Agreement pursuant to which Executive becomes a party to the Stockholders’ Agreement dated as of March 31, 2005, as from
time to time in effect, among the Issuer, MCP and the other parties thereto (the “Stockholders’ Agreement”) both as a “Manager” and as an “Other Investor” (as each such term is used in the Stockholders’
Agreement), it being understood that any shares of the Issuer that Executive acquires on account of the Option Agreement are to be “Manager Shares” (as defined in the Stockholders’ Agreement) thereunder and that any Restricted Shares
that Executive acquires are to be “Other Investor Shares” (as defined in the Stockholders’ Agreement) thereunder. 
 6.
BENEFITS. 
 (a) Generally. Except as provided in Section 6(b) below, as of the Effective Date, Executive shall be
eligible to participate in any pension, retirement, or other employee benefit plan that the Company makes available to employees or executive officers of the Company and for which Executive will qualify according to his eligibility under the
provisions thereof. 
 (b) Health and Disability Insurance. Executive hereby waives participation in the Company’s health and
dental insurance plans for the period prior to January 1, 2007. Beginning January 1, 2007, Executive shall be entitled to participate in health and dental insurance plans that the Company offers to other executive officers of the Company
from time to time. As of the Effective Date, Executive shall be entitled to participate in disability insurance plans that the Company offers to other executive officers of the Company from time to time. 
  

 -4- 

 7. EXPENSES. Except as otherwise agreed to herein, Executive shall be reimbursed, in accordance
with Company policies, practices and procedures, for all usual business expenses incurred on behalf of the Company, provided that Executive shall be entitled to first-class travel if the travel time is reasonably expected to exceed two hours
and Executive is not traveling with other Company personnel. 
 8. TERMINATION. The term of Executive’s employment under this
Agreement may be terminated prior to expiration of the Term then in effect only in accordance with the following sections. 
 (a) For
Cause. Executive’s employment under this Agreement may be immediately terminated by the Company for Cause. For purposes of this Agreement, the term “Cause” shall mean the termination of Executive’s employment hereunder by the
Board as a result of the existence or occurrence of one or more of the following conditions or events: 
 (i) the failure of
Executive to perform his material duties hereunder, which failure continues after the date which is thirty (30) days after the Company provides Executive with written notice of such failure; 
 (ii) the breach by Executive of any material provision hereof or of the Option Agreement, the Restricted Stock Agreement or the
Stockholders’ Agreement, which breach is not cured within thirty (30) days after written notice thereof to Executive; 
 (iii) Executive’s willful misconduct in connection with the performance of his duties as an employee or the Company or a member of the Board or the board of directors of the Issuer; 
 (iv) commission by Executive of any act of fraud or material misrepresentation or a material act of misappropriation in connection with
his duties as an employee or officer of the Company; 
 (v) commission by, and conviction of, Executive of any crime which
constitutes a felony; 
 (vi) the entry of a judgment or order enjoining or preventing Executive from such activities as are
material or essential for Executive to perform his services as required by this Agreement; or 
 (vii) willful and deliberate
conduct or activities by Executive which would be reasonably likely to result in material damage to the business of the Company which conduct or activities Executive does not cease within thirty (30) days after written notice thereof to
Executive. 
 (b) For Good Reason. Executive’s Employment under this Agreement may be terminated by Executive for Good Reason by
providing notice to the Company within thirty (30) days following the date of occurrence of the event giving rise to such Good Reason, specifying such event, and provided that Company does not reasonably cure such event within 

  

 -5- 

 
ten (10) business days. For purposes of this Agreement, “Good Reason” shall mean that any one or more of the following has occurred:

 (i) without the express written consent of the Executive, any changes in the positions, duties, titles, authority,
reporting relationships, or responsibilities of the Executive which are inconsistent in any material respect with the Executive’s positions, duties, authority, reporting relationships, responsibilities or privileges as contemplated by this
Agreement; 
 (ii) any failure by the Company to comply with any of the provisions of Sections 4, 5, 6, 14 or 15 hereof or any
other material provision of this Agreement, other than an insubstantial and inadvertent failure remedied by the Company promptly after receipt of notice thereof given by the Executive; 
 (iii) without the Executive’s consent, any requirement by the Company that Executive be based at any office or location other than an
office or location in greater Chicago, Illinois, or at an office other than the Company’s headquarters, except for travel reasonably required in the performance of the Executive’s responsibilities; 
 (iv) termination of Executive’s employment from and following a Change Date (other than by the Executive after receipt of a notice of
Cause which has not been cured); or 
 (v) any termination by the Company of the Executive’s employment otherwise than as
permitted by this Agreement. 
 (c) Mutual. Executive’s employment under this Agreement may be terminated upon mutual written
agreement of the Company and Executive. 
 (d) Without Cause or Good Reason. The Company shall have the right to terminate
Executive’s employment under this Agreement at any time without Cause. Executive shall have the right to terminate his employment under this Agreement at any time without Good Reason. 
 (e) Death. In the event of the death of Executive, the employment of Executive shall terminate immediately. 
 (f) Disability. If, during Executive’s employment with the Company, Executive shall become permanently disabled and unable to perform his
duties as required herein (“Disability”) for a total of one hundred eighty (180) days in any twelve (12) month period then the Company may, upon thirty (30) days written notice to Executive, terminate Executive’s
employment under this Agreement. 
 9. SEVERANCE. In the event of the termination of Executive’s employment under this Agreement
for any reason, the Company shall provide the payments and benefits to Executive as indicated below: 
  

 -6- 

 (a) With Cause or Termination by Executive Without Good Reason. If Executive’s employment
hereunder is terminated by the Company for Cause, or if Executive terminates his employment with the Company without Good Reason, the Company shall be obligated only to continue to pay to Executive his Base Compensation, if any, earned up to the
date of termination and shall reimburse Executive for any expenses to which Executive is due reimbursement by the Company under Section 7 hereof up until the date of termination; provided, however, that the foregoing shall not impair
Executive’s rights under: (i) the Option Agreement, the Restricted Stock Agreement or the Stockholders’ Agreement except as provided therein or (ii) the rights and protections accorded Executive pursuant to the provisions of
Sections 14 and 15 hereof. 
 (b) Termination Without Cause, With Good Reason or Upon Death or Disability. In the event that the
Company shall terminate Executive’s employment hereunder without Cause or Executive shall terminate his employment hereunder with Good Reason, the Company shall pay (or cause to be paid) Executive (or his beneficiaries following his subsequent
death) throughout the remainder of the Term full Base Compensation and benefits to which Executive was entitled immediately prior thereto and as set out in Section 6 hereof, including, without limitation, health continuation premiums, the
proceeds of any life or disability insurance contracts and the rights and protections accorded Executive pursuant to the provisions of Sections 14 and 15 hereof (collectively hereinafter referred to as “Continuation Benefits”). In the
event that Executive’s employment hereunder shall terminate by reason of his death or Disability, the Company shall pay (or cause to be paid) Executive (or his beneficiaries) full Base Compensation and Continuation Benefits for the one year
period following his death or termination of his employment by reason of Disability. 
 10. NONCOMPETITION; NONSOLICITATION. For a
period beginning on the date hereof and ending on the date which is the later of (i) one year following the date on which Executive ceases to be employed by the Company or (ii) one year following the last day of the Term, Executive shall
not, except with the prior written consent of the Company (which consent shall be provided in the sole discretion of the Company), or, except as an employee or agent of the Company, engage or have an interest, anywhere in the United States of
America or any other geographic area where the Company did business as of the date hereof or at any time during Executive’s employment by the Company or in which its products or services are or were marketed or sold, alone or in association
with others, as principal, agent, partner, stockholder, or through the investment of capital, lending of money or property, rendering of services or otherwise, in any business competitive with that engaged in by the Company as of the date hereof or
by the Company and its subsidiaries at any time during Executive’s employment by the Company (“Competitive Business”). For a period beginning on the date hereof and ending two years following the date on which Executive ceases to be
employed by the Company, Executive shall not, except with the prior written consent of the Company (which consent shall be provided in the sole discretion of the Company), or as an employee or agent of the Company, directly or indirectly, on behalf
of himself or any other person or entity, (A) accept business from or solicit the business of (in either case, which such business is competitive with that of the Company and its subsidiaries) (a) any person or entity who is, or who had
been at any time during the preceding two years or at any time during Executive’s employment by the Company, a customer of the Company and its subsidiaries or any successor to the business of the Company (each a “Customer”), or
otherwise divert or attempt to divert any business from the Company or any 

  

 -7- 

 
successor or otherwise induce, request, advise or persuade any Customer to cease to do business with or reduce the amount of business which such Customer has
customarily done or is reasonably expected to do with the Company or any successor; or (B) solicit or induce any person who is an employee of, or otherwise engaged by, the Company, to leave the employ or engagement of the Company or hire any
such person until one (1) year after such person has left the employ of the Company, or any such successor or any person with whom such person was placed for employment or engagement during the preceding one year. Executive shall not at any
time, directly or indirectly, except as an employee or agent of the Company, use or purport to authorize any person or entity to use any name, mark, logo, trade dress or other identifying words or images which are the same as or similar to those
used currently or in the past by the Company in connection with any product or service, whether or not such use would be in a business competitive with that of the Company. Notwithstanding anything to the contrary contained herein, the following
activities shall not be deemed to be a violation of the provisions of this Section 10: the ownership or control by Executive of up to five percent (5%) of the outstanding voting securities or securities of any publicly traded class of a
company with a class of securities which are publicly traded. 
 11. CONFIDENTIALITY. Executive acknowledges that the intellectual
property and all other confidential or proprietary information with respect to the Company’s engagement in the business of distributing medical supplies, equipment and services throughout the United States of America (the “Business”)
are valuable, special and unique. Executive shall not, at any time after the date hereof, except as an employee or agent of the Company, or except as required by applicable law, disclose, directly or indirectly, to any person or entity, or use or
purport to authorize any person or entity to use any confidential or proprietary information with respect to the Company or the Business, whether or not for his own benefit, without the prior written consent of the Company, including without
limitation, confidential or proprietary information as to the financial condition, results of operations, strategic partners, customers, suppliers, products, products under development, services, inventions, sources, leads or methods of obtaining
new products or business, intellectual property, pricing methods or formulas, cost of supplies, marketing strategies or any other information relating to the Company or the Business, but not including information which is or shall become generally
available to the public or is generally known in the industry other than as a result of an unauthorized disclosure by Executive or a person or entity to whom Executive has provided such information. Executive acknowledges that Company would not
enter into this Employment Agreement without the assurance that all such confidential and/or proprietary information will be used for the exclusive benefit of the Company. 
 12. NONDISPARAGEMENT. Neither Executive nor the Company shall (and shall cause the officers, directors, employees, shareholders, members,
partners, representatives and agents of any entity or business directly or indirectly controlled by Executive and the Company to not) commit any act or omission that would tend to disparage or adversely affect the reputation of the other party or
any present or future subsidiaries, parents or affiliates of the other party or any of their respective principals, officers, directors, shareholders, partners, members, employees, businesses or operations. Without in any way limiting the generality
of the foregoing, Executive and the Company shall not (and shall cause the officers, directors, employees, shareholders, members, partners, representatives and agents of any entity or business 

  

 -8- 

 
directly or indirectly controlled by Executive and the Company to not) make any disparaging or unfavorable statements to any third party, either orally or in
writing, regarding the other party or any present or future subsidiaries, parents or affiliates of the other party or any of their respective principals, officers, directors, shareholders, partners, members, employees, businesses or operations.

 13. ENFORCEABILITY OF RESTRICTIVE COVENANTS. The restrictions set forth in this Agreement are considered by the parties hereto to
be reasonable for the purposes of protecting the value of the business and goodwill of the Company and the Business. The parties acknowledge that the Company would be irreparably harmed and that monetary damages would not provide an adequate remedy
to the Company in the event the covenants contained in this Agreement were not complied with in accordance with their terms. Accordingly, Executive agrees that any breach or threatened breach by him of any provision of this Agreement shall entitle
the Company to seek injunctive and other equitable relief to secure the enforcement of these provisions, in addition to any other remedies which may be available to them, and that they shall be entitled to receive from Executive reimbursement for
all attorneys’ fees and expenses incurred by the Company in enforcing these provisions. In addition to its other rights and remedies, the Company shall have the right to require Executive, if he breaches any of the covenants contained in this
Agreement to account for and pay over to the Company all compensation, profits, money, accruals and other benefits derived or received, directly or indirectly, by such party from the action constituting such breach; provided, however,
that the foregoing shall not apply to any compensation, profits, money, accruals and other benefits derived or received, directly or indirectly from the Company. If Executive breaches the restrictive covenants set forth in this Agreement, the
running of the time periods described therein shall be tolled for so long as such breach continues. It is the desire and intent of the parties that the provisions of this Agreement be enforced to the fullest extent permissible under the laws and
public policies of each jurisdiction in which enforcement is sought. If any provisions of this Agreement relating to the time period, scope of activities or geographic area of restrictions is declared by a court of competent jurisdiction to exceed
the maximum permissible time period, such time period, scope of activities and/or geographic area, as the case may be, shall be reduced to the maximum that such court deems enforceable. If any provisions of this Agreement other than those described
in the preceding sentence are adjudicated to be invalid or unenforceable, the invalid or unenforceable provisions shall be deemed amended (with respect only to the jurisdiction in which such adjudication is made) in such manner as to render them
enforceable and to effectuate as nearly as possible the original intentions and agreement of the parties. 
 14. MAINTENANCE OF
DIRECTORS’ AND OFFICERS’ INSURANCE. 
 (a) Subject only to the provisions of Section 14(b) of this Agreement: 

(i) the Company and/or the Issuer shall purchase and maintain in effect for the benefit of Executive one or more policies of Directors’ and
Officers’ Indemnity Insurance (“D&O Insurance”) providing, in all respects, coverage for actions brought against Executive arising out of Executive’s service as a director, officer, agent and/or employee of the Company or the
Issuer, with such coverage, terms and conditions that are at least as favorable to Executive as that provided by the Company and/or the Issuer to any other executive officer or 

  

 -9- 

 
director of the Company or of the Issuer under D&O Insurance then maintained by the Company and/or the Issuer; and 
 (ii) So long as Executive shall continue to serve as a member of the Board (or shall continue at the request of the Company or the Issuer to serve as a
director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise) and thereafter so long as Executive shall be subject to any possible claim or any threatened, pending or completed action, suit or
proceeding, whether civil, criminal or investigative, by reason of the fact that Executive was a director (or served in any such other capacity), the Company and/or the Issuer shall purchase and maintain in effect for the benefit of Executive one or
more policies of D&O Insurance providing, in all respects, coverage at least comparable to that provided by the Company and/or the Issuer to directors and officers of the Company and the Issuer. 
 (b) The Company and the Issuer shall not be required to maintain any such policies of D&O Insurance in effect if such insurance is not reasonably
available or if, in the reasonable business judgment of the directors of the Company, either (i) the premium cost for such insurance is substantially disproportionate to the amount and type of coverage provided or (ii) the coverage
provided by such insurance is so limited by exclusions or conditions that there would be insufficient benefit from such insurance. 
 15.
INDEMNITY. Subject only to the exclusions set forth in this Section 15, each of the Company and the Issuer hereby agrees to hold harmless and indemnify Executive, as follows: 
 (a) From the date hereof, Executive shall be entitled to indemnification: 
 (i) from the Company and the Issuer to the full extent permitted under the laws of the State of Florida and the State of Delaware,
respectively; and 
 (ii) to the full extent permitted under the laws of the State of Florida and the State of Delaware, as
applicable, against any and all expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by Executive in connection with any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative or investigative to which Executive at any time becomes a party or is threatened to be made a party by reason of the fact that Executive is, was or at any time becomes a member of the Board, or a
director, officer, employee or agent of the Company and/or the Issuer, or is or was serving or at any time serves at the request of the Company or the Issuer as a director, officer, employee or agent of another corporation partnership, joint
venture, trust or other enterprise. 
 All rights to indemnification from the Company and the Issuer existing in favor of the Executive in his capacity as a
director of the Company under applicable law and regulations, as in effect as of immediately prior to any merger or other consolidation of the Company and/or Issuer with another entity, shall survive such merger or consolidation and shall continue
in full force and effect and be honored by the successor to the rights and obligations of the Company and/or the Issuer, as the case may be. 
  

 -10- 

 (b) Limitations on Indemnity. No indemnity pursuant to this Section 15 shall be paid by the
Company or the Issuer: 
 (i) to the extent Executive is indemnified for any such losses by any other person or entity,
whether pursuant to any D&O Insurance policy or otherwise; 
 (ii) with respect to remuneration paid to Executive, if it
shall be determined by a final judgment or other final adjudication that such remuneration was in violation of law; 
 (iii)
on account of any suit in which judgment is rendered against Executive for an accounting of profits made from the purchase or sale by Executive of securities of the Company and/or the Issuer pursuant to the provisions, if and when applicable, of
Section 16(b) of the Securities Exchange Act of 1934 or similar provisions of any federal, state or local statutory law; 
 (iv) on account of Executive’s conduct that is finally adjudged to have been knowingly fraudulent, deliberately dishonest or willful misconduct or to have been in a material breach of this Agreement, the Restricted Stock Agreement or
the Stockholders’ Agreement; or 
 (v) if a final decision by a Court having jurisdiction in the matter shall determine
that such indemnification is not lawful. 
 (c) Conditions of Indemnity. All agreements and obligations of the Company and the Issuer
contained in this Agreement shall continue during the period Executive is serving as a member of the Board (or serving at the request of the Issuer as a director, officer, employee or agent or another corporation, partnership, joint venture, trust
or other enterprise affiliated with the Issuer or the Company) and shall continue thereafter so long as Executive (notwithstanding the earlier termination of this Agreement) shall be subject to any possible claim or threatened, pending or completed
action, suit or proceeding, whether civil, criminal or investigative, by reason of the fact that Executive was a member of such board(s) or serving in any other capacity referred to herein. 
 (d) Notification and Defense of Claim. 
 (i) Promptly after receipt by Executive of notice of the commencement of any action, suit or proceeding, Executive will, if a claim in respect thereof is to be made against the Company and the Issuer under this
Agreement, notify the Company and the Issuer of the commencement thereof; but the failure to so notify the Company and the Issuer will not relieve the Company and the Issuer of any liability which it may have to Executive other than under this
Agreement; and provided that such failure does not adversely affect the Company’s ability to defend against any such liability. With respect to any such action, suit or proceeding as to which Executive notifies the Company and the Issuer of the
commencement thereof: 
 (1) The Company and the Issuer will be entitled to participate therein at its own expense; and

  

 -11- 

 (2) Except as otherwise provided below, the Company and the Issuer will be entitled (but
will not be obligated) to assume the defense thereof, with counsel reasonably satisfactory to Executive (with any counsel approved by the issuer of any D&O Insurance policy being conclusively deemed to be satisfactory to Executive). After notice
from the Company and the Issuer to Executive of its election so to assume the defense thereof, the Company and the Issuer will not be liable to Executive under this Agreement for any legal or other expenses subsequently incurred by Executive in
connection with the defense thereof other than as otherwise provided below. Executive shall have the right to employ his own counsel in such action, suit or proceeding but the fees and expenses of such counsel incurred after notice from the Company
and the Issuer of its assumption of the defense thereof shall be at the expense of Executive unless (i) the employment of counsel by Executive has been authorized by the Company and the Issuer or, (ii) counsel for Executive
shall have delivered a written opinion to the Company and the Issuer that there is a conflict of interest between Executive and the Company and the Issuer in the conduct of the defense of such action or (iii) the Company and the Issuer
shall not in fact have employed counsel to assume the defense of such action, in which case the reasonable fees and expenses of counsel shall be at the expense of the Company and the Issuer. The Company and the Issuer shall not be entitled to assume
the defense of any action, suit or proceeding brought by the Company and the Issuer or with respect to any issue as to which counsel for Executive shall have delivered an opinion to the Company and the Issuer pursuant to clause
(ii) above. 
 (ii) The Company and the Issuer shall not be liable to indemnify Executive under this Agreement for
any amounts paid in settlement of any action or claim effected without its written consent. The Company and the Issuer shall not settle any action or claim in any manner that would impose any penalty or limitation on Executive without
Executive’s written consent. Neither the Company nor the Issuer nor Executive will unreasonably withhold their consent to any proposed settlement. 
 (e) Repayment of Expenses. To the extent permitted by applicable law, the Company and the Issuer shall be jointly and severally liable to advance all reasonable expenses (including reasonable attorneys fees),
judgments, fines and amounts paid in settlement incurred by Executive in connection with the investigation, defense, settlement or appeal of any threatened, pending or completed action, suit or proceeding for which Executive is entitled to
indemnification under this Agreement; provided, however, that any such advancement shall be subject to the Executive providing reasonably sufficient evidence to the Company and the Issuer of the incurrence of any such expenses. In the event that
Executive is or becomes entitled to indemnification, under any policy of D&O Insurance or from any other source, for any expenses paid on behalf of Executive by the Company and the Issuer under this subsection, Executive shall assign his rights
to such indemnification to the Company and the Issuer, to the extent of the amounts actually paid by the Company and the Issuer. Executive agrees that he will reimburse the Company and the Issuer for all reasonable expenses paid by the Company and
the Issuer in defending any civil or criminal action, suit or proceeding against Executive in the event and only to the extent that it shall be ultimately determined that Executive is not entitled to be indemnified by the Company and the Issuer for
such expenses under the provisions of applicable laws or regulations, the respective certificate of incorporation or bylaws of the Company or Issuer, this Agreement or otherwise. 
  

 -12- 

 (f) The Company and the Issuer expressly confirms and agrees that it has entered into this Agreement and
assumed the obligations imposed on it hereunder in order to induce Executive to serve as a member of the Board and acknowledge that Executive is relying upon this Agreement in serving in such capacity. In the event Executive is required to bring any
action to enforce rights or to collect moneys due under this Agreement and is successful in such action insofar as Executive is adjudged to be entitled to substantially all of such moneys claimed by Executive, the Company and the Issuer shall
reimburse Executive for all of Executive’s reasonable fees and expenses (including reasonable attorneys’ fees) in bringing and pursuing such action. 
 16. OTHER AGREEMENTS. Executive represents that his employment hereunder shall not violate any terms or conditions of Executive’s employment with any prior employer or any other agreement with the Company.

 17. NOTICES. Any notice required or permitted to be given under this Agreement shall be sufficient if in writing and shall be
effective when received if sent, postage-prepaid, by certified or registered mail, return receipt requested, or by overnight delivery service against receipt, to the addresses below or to such other address as either party shall designate by written
notice to the other: 
 If to Executive: 
 Patrick G. Dills 
 114 E. Sixth Street 
 Hinsdale, Illinois 60521 
 with a copy
to: 
 Schwartz Cooper 
 180
N. LaSalle Street 
 Suite 2700 
 Chicago, Illinois 60601 
 Attn: Michael J. Legamaro 
 If to the Company: 
 MSC-Medical Services Company 
 c/o Monitor Clipper Partners, LLC 
 Two Canal
Park 
 Cambridge, MA 02141 
 Attn: Peter S. Laino 
  

 -13- 

 with a copy to: 
 Ropes & Gray LLP 
 One International Place 
 Boston, MA 02110 
 Attn: Winthrop G. Minot

  
  

	18.	ENTIRE AGREEMENT; MODIFICATION. 

 (a) This
Agreement, the Option Agreement, the Restricted Stock Agreement and the Stockholders’ Agreement contain the entire agreement of the Company, the Issuer and Executive, and the Company and Executive hereby acknowledge and agree that this
Agreement, the Option Agreement, the Restricted Stock Agreement and the Stockholders’ Agreement supersede any prior statements, writings, promises, understandings or commitments between the parties hereof. 
 (b) No future oral statements, promises or commitments with respect to the subject matter hereof, or other purported modification hereof, shall be
binding upon the parties hereto unless the same is reduced to writing and signed by each party hereto. 
 19. ASSIGNMENT. The rights
and obligations of the parties under this Agreement shall inure to the benefit of and shall be binding upon the successors, heirs, personal representatives and permitted assigns of the parties. Except as otherwise set forth in this Agreement,
neither party may assign his or its rights or obligations under this Agreement without the prior written consent of the other party. 
 20.
GOVERNING LAW; VENUE; INDEPENDENT REPRESENTATION. This Agreement shall be governed by and construed in accordance with the domestic laws of the State of Florida without giving effect to any choice or conflict of law provision or rule (whether
of the State of Florida or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Florida, except as specifically set forth in Section 15. The parties agree that any and all actions
arising under or in respect of this Agreement shall be litigated in any federal or state court of competent jurisdiction located in the County of Duval, State of Florida. By execution and delivery of this Agreement, each party irrevocably submits to
the personal and exclusive jurisdiction of such courts for itself or himself, and in respect of its or his property with respect to such action. Each party agrees that venue would be proper in any of such courts, and hereby waives any objection that
any such court is an improper or inconvenient forum for the resolution of any such action. Executive acknowledges and agrees that he has had the opportunity to seek his own independent legal counsel to represent Executive’s interest in
connection with the transactions contemplated by this Agreement. 
  

	21.	MISCELLANEOUS. 

 (a) The section headings contained
herein are for reference purposes only and shall not in any way affect the meaning or the interpretation of this Agreement. 
  

 -14- 

 (b) The failure of any party to enforce any provision of this Agreement shall in no manner affect the
right to enforce the same, and the waiver by any party of any breach of any provision of this Agreement shall not be construed to be a waiver by such party of any succeeding breach of such provision or a waiver by such party of any breach of any
other provision. 
 (c) Except as otherwise provided herein, in the event any one or more of the provisions of this Agreement shall for any
reason be held invalid, illegal or unenforceable, the remaining provisions of this Agreement shall be unimpaired, and the invalid, illegal or unenforceable provision shall be replaced by a mutually acceptable valid, and enforceable provision which
comes closest to the intent of the parties. 
 (d) The prevailing party in any litigation brought to enforce the provisions of this Agreement
shall be entitled to reimbursement from the nonprevailing party for reasonable attorney’s fees and expenses incurred in connection with such litigation. 
 (e) This Agreement may be executed in any number of counterparts, each of which shall constitute an original and all of which together shall constitute one and the same instrument. 
 [Signatures Appear on Following Page] 
  

 -15- 

 IN WITNESS WHEREOF, the parties have executed this Employment Agreement as of the day and year first
above written. 
  

			
	MSC-MEDICAL SERVICES COMPANY, a Florida corporation
		
	By:	 	/s/    Adam Doctoroff
		 	Name: Adam Doctoroff
		 	Title:

			
	
	MCP-MSC ACQUISITION, INC., a Delaware corporation
		
	By:	 	/s/    Adam Doctoroff
		 	Name: Adam Doctoroff
		 	Title:

			
	
	EXECUTIVE:
	
	/s/    Patrick G. Dills
	Patrick G. Dills
	Address:	 	114 E. Sixth Street
		 	Hinsdale, Illinois 60521

  

 -16-

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