Document:

<PAGE>   1
                                                                  EXHIBIT 10.23

                         EXECUTIVE EMPLOYMENT AGREEMENT

         THIS AGREEMENT, dated as of February 15, 2000, by and between GAYLORD
ENTERTAINMENT COMPANY, a Delaware corporation having its corporate headquarters
at One Gaylord Drive, Nashville, Tennessee 37214 ("the Company") and JAMES
"TIM" DUBOIS, a resident of Nashville, Davidson County, Tennessee
("Executive").

                                  WITNESSETH:

         WHEREAS, the Company desires to employ Executive and Executive desires
to serve as Executive Vice President of the Company and the President of its
Creative Content Group pursuant to the terms of this Agreement;

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

                                   AGREEMENT

         1. Employment; Term; Place of Employment. The Company hereby employs
Executive, and Executive hereby accepts employment with the Company upon the
terms and conditions contained in this Agreement. The term of Executive's
employment hereunder shall commence on February 15, 2000 (the "Effective Date")
and shall continue for a period of five (5) years from and after the Effective
Date, unless sooner terminated as hereinafter provided (the "Employment
Period"). For purposes of this Agreement, a "Contract Year" shall mean a one
year period commencing on the Effective Date or any anniversary thereof.
Executive shall render services at the offices established by the Company in
the greater Nashville metropolitan area; provided that Executive agrees to
travel on temporary trips to such other places as may be required to perform
Executive's duties hereunder.

         2. Duties; Title.

                  (a) Description of Duties.

                           (i) During the Employment Period, Executive shall
         serve the Company as an Executive Vice President and the President of
         its Creative Content Group and shall serve under such other titles as
         the Chief Executive Officer of the Company shall determine. Executive
         shall report directly to the Chief Executive Officer. Executive shall
         be primarily responsible for the management, operations, growth, and
         development of the Creative Content Group. Executive shall be assigned
         such areas of responsibility as the Chief Executive Officer shall from
         time to time determine, including, without limitation, the development
         and oversight of country, pop, and Christian music record companies or
         divisions, the oversight of the Opry Group (including the Grand Ole
         Opry, the Ryman Auditorium, the Wildhorse Saloon, and live
         entertainment and theatricals), music publishing, children's
         programming, film and video production and distribution (including
         Pandora Films), artist management, and sports management and
         marketing. During the Employment Period, the Chief Executive Officer
         shall be entitled to modify Executive's responsibilities

<PAGE>   2

         with respect to the Creative Content Group; provided, however, that
         Executive's responsibilities regarding the development and oversight
         of the pop, country, and Christian music record companies or
         divisions, together with music publishing relating to the foregoing,
         shall not be materially reduced without Executive's consent; and
         provided, further, that Executive shall not, without his consent,
         become other than the most senior executive officer of the Creative
         Content Group.

                           (ii) Executive and the Company acknowledge that a
         strategic plan for the Creative Content Group has been established by
         the Company, a copy of which has been delivered to Executive. On an
         annual basis, at such time as is consistent with the Company's overall
         planning and budgeting process, Executive shall prepare a written
         update to the strategic plan for the Creative Content Group for
         presentation to, and approval by, the Company.

                           (iii) Executive shall faithfully perform the duties
         required of his office. Subject to Section 2(b), Executive shall
         devote substantially all of his business time and effort to the
         performance of his duties to the Company.

                  (b) Other Activities. Notwithstanding anything to the
contrary contained in Section 2(a), Executive shall be permitted to engage in
the following activities, provided that such activities do not materially
interfere or conflict with Executive's duties and responsibilities to the
Company:
                           (i) Executive may serve on the governing boards of,
                  or otherwise participate in, a reasonable number of trade
                  associations and charitable organizations, whose purposes are
                  not inconsistent with the activities and the image of the
                  Company;

                           (ii) Executive may engage in a reasonable amount of
                  charitable activities and community affairs; and

                           (iii) Subject to the prior approval of the Chief
                  Executive Officer, Executive may serve on the board of
                  directors of one or more business corporations, so long as
                  they do not compete, directly or indirectly, with the
                  Company.

                  (c) Executive shall be subject to and shall comply with all
codes of conduct, personnel policies and procedures applicable to senior
executives of the Company, including, without limitation, policies regarding
sexual harassment, conflicts of interest and insider trading.

         3. Cash Compensation.

                  (a) Signing Bonus. The Company shall pay Executive a signing
bonus in the amount of $1,000,000 (the "Signing Bonus"). The Signing Bonus
shall be payable as follows: (i) an amount shall be paid to Executive on the
effective date equal to $1,000,000 less the projected "applicable employee
remuneration" as defined in Section 162(m)(4)* to be received by Executive
during the calendar year ending December 31, 2000; and (ii) the remainder of
the Signing Bonus (the "Deferred Signing Bonus") shall be a fully vested
deferred obligation of the Company which shall be payable, together with
investment earnings thereon, in accordance with Section 6 hereof. Payment of
the Deferred Signing Bonus shall be facilitated by the Company contributing to
the rabbi

* All section references are to the Internal Revenue Code of 1986, as amended,
unless otherwise specified.

                                       2
<PAGE>   3

trust established pursuant to Section 6 (the "Rabbi Trust") an amount
of cash equal to the Deferred Signing Bonus, as set forth in Sections 6.

                  (b) Base Salary. During the initial Contract Year, the
Company shall pay to Executive an annual salary of $650,000. Executive's annual
salary shall be increased in each subsequent Contract Year by a percentage
equal to the annual percentage increase, if any, generally granted to other
senior executives, such percentage to be determined from time to time by the
Compensation Committee of the Board of Directors (such annual salary, together
with any increases under this subsection (b), being herein referred to as the
"Base Salary").

                  (c) Annual Cash Bonus.

                           (i) For each of the first two Contract Years,
                  Executive shall be entitled to receive an annual cash bonus
                  equal to 60% of his Base Salary for the Contract Year for
                  which such bonus is awarded (the "Guaranteed Cash Bonus").
                  Subject to the provisions of Section 6 herein relating to the
                  possible deferral of a portion of the Guaranteed Cash Bonus,
                  the Guaranteed Cash Bonus shall be paid to Executive in a
                  single lump sum on or before the last business day of each of
                  the first two Contract Years. To the extent any portion of
                  the Guaranteed Cash Bonus is deferred pursuant to Section 6,
                  the Company shall make a corresponding contribution in an
                  equal amount to the Rabbi Trust, as set forth in Sections 6.

                           (ii) For each of the third, fourth, and fifth
                  Contract Years, Executive shall be eligible for an annual
                  cash bonus that is targeted to be 60% of his Base Salary for
                  the Contract Year for which such bonus is awarded but which
                  may be greater or less than the targeted percentage depending
                  upon actual performance. The cash bonus awarded to Executive
                  for the third, fourth and fifth Contract Years (the "Cash
                  Bonus") shall be based upon such criteria as are utilized in
                  connection with the granting of bonuses to similarly situated
                  executive officers of the Company under the Company's annual
                  Management Incentive Plan, and shall further be based on
                  Executive's performance for each of the Company's calendar
                  years immediately preceding the third, fourth and fifth
                  anniversaries of this Agreement. The Cash Bonus shall be paid
                  to Executive on or before the end of the calendar month in
                  which the anniversary of this Agreement occurs.

                  (d) The Base Salary, the Guaranteed Cash Bonus, and the Cash
Bonus shall be subject to applicable withholding and shall be payable in
accordance with the Company's payroll practices.

         4. Equity Compensation.

                  (a) Stock Option Grant. The Company hereby grants to
Executive options to purchase 200,000 shares of common stock of the Company
("Company Common Stock") (the "Stock Options"). The Stock Options shall (i) be
granted pursuant to the Company's 1997 Stock Option and Incentive Plan, as
amended and restated as of August 15, 1998, and as may hereinafter be further
amended; (ii) be subject to the terms of a stock option agreement between the
Company and Executive in the form prescribed for Company executives generally
and attached hereto as Exhibit B; (iii) vest in 40,000 share increments on the
first through the fifth anniversaries of the Effective Date (each a "Vesting
Date"), but shall be subject to accelerated vesting on each such Vesting Date
with respect to an additional 40,000 shares granted hereunder if, as of such
Vesting Date, the Creative

                                       3
<PAGE>   4

Content Group has achieved the targets to be determined by the parties hereto
(which when so determined shall be attached as Exhibit C hereto) which relates
to such Vesting Date; (iv) be exercisable at the closing price of the Company
Common Stock as reported in the Wall Street Journal for the trading day
immediately preceding the award of the option grant by the Compensation
Committee of the Board of Directors; and (v) have a term of ten years from the
Effective Date.

                  (b) Restricted Stock Grant. The Company shall deliver to the
trustee of the Rabbi Trust 50,000 restricted shares of Company Common Stock
(the "Restricted Stock Grant") to be held in a separate share known as "Account
B." The Restricted Stock Grant shares shall become eligible for termination of
restrictions (i.e., become available for distribution to Executive) in 10,000
share increments on the first through the fifth anniversaries of the Effective
Date (each a "Restricted Stock Grant Eligibility Date"). Elimination of
restrictions on eligible Restricted Stock Grant shares shall occur upon the
Creative Content Group achieving, on the Restricted Stock Grant Eligibility
Date to which such eligible shares relate, the performance targets to be
determined by the parties hereto (which when so determined shall be attached as
Exhibit D hereto). Should Executive fail to achieve the aforesaid performance
targets set forth in Exhibit D on any Restricted Stock Grant Eligibility Date,
the eligible shares shall cumulate and the restrictions shall be removed on all
eligible shares if the performance goals are met on a subsequent Restricted
Stock Grant Eligibility Date. Restricted Stock Grant shares not otherwise
eligible for termination of restrictions shall be subject to accelerated
removal of restrictions on each Restricted Stock Grant Eligibility Date with
respect to an additional 10,000 shares of Restricted Stock upon the attainment
of the performance targets set forth in Exhibit D as well as the performance
targets set forth on Exhibit C. The Restricted Stock Grant shall be granted
pursuant to the Company's 1997 Stock Option and Incentive Plan, as amended, and
as may hereafter be further amended, and shall otherwise be subject to the
terms of a restricted stock grant agreement between the Company and Executive
in the form prescribed for Company executives generally, which form is attached
hereto as Exhibit E. If a restriction terminates as to a 10,000 share
increment, the trustee of the Rabbi Trust shall deliver such shares to
Executive unless Section 6 herein requires that the distribution be deferred.
If distribution is deferred, the Restricted Stock Grant shall continue to be
held in Account B of the Rabbi Trust, until distribution is made in accordance
with Section 6(d) hereof. Nothing herein shall, however, prevent the trustee of
the Rabbi Trust upon the direction of the Company, which shall be made only
after consultation with Executive, from selling unrestricted shares held in
Account B and reinvesting the proceeds in other investments selected by Company
(in which event the benefit under this paragraph (b) shall be determined by
reference to the value of such substituted assets). Except as provided in
Section 9(e) and 10(b), if Executive's employment is terminated, any Restricted
Stock held in the Rabbi Trust, the restrictions of which have not been
eliminated, will be delivered to the Company.

         5. Benefits; Expenses; Etc.

                  (a) Custom Non-Qualified Mid-Career Supplemental Employee
Retirement Plan.

                           (i) The Company shall create a supplemental employee
         retirement plan (the "SERP"), for Executive which shall provide for
         the payment of a benefit (the "SERP Benefit") to him, equal to the
         value of 60 shares of CBS Corporation Series B Participating Preferred
         Stock (which shares shall be exchanged for Viacom Class C Preferred
         Stock upon completion of the merger of CBS and Viacom Inc., and which
         shall thereafter be convertible on a 1,000 for 1 basis into Viacom
         Class B Common Stock upon the election of the holder thereof) and any
         dividends thereon (the "SERP Shares"), which benefit shall, at the
         election of Executive, be payable in cash or SERP Shares. The Company
         may, but only at the request

                                       4
<PAGE>   5

         of the Executive, substitute for the SERP Shares (or for a portion
         thereof) one or more mutual funds, to be selected by Company after
         consultation with Executive, which have a value equal to the SERP
         Shares being substituted. After any such substitution, the SERP
         Benefit shall be determined solely by reference to the value of such
         substituted assets (the "SERP Replacement Assets"), instead of the
         original SERP Shares which have been substituted. The SERP Benefit
         shall be payable upon the fifth anniversary of the Effective Date;
         provided, however, that no later than the fourth anniversary of the
         Effective Date, Executive may, with the permission of the Company,
         elect to substitute a date that is later than the fifth annual
         anniversary of the Effective Date as the payout date. Furthermore,
         Executive may, with the permission of the Company, make a subsequent
         election to further defer the payout date, so long as such request is
         submitted no less than one year before the payout date then in effect.
         At the time Executive makes any such election, Executive may also
         elect, with the permission of the Company, to have distributions made
         in installments for a period not in excess of his life expectancy in
         lieu of a lump sum payment.

                           (ii) In the event that Executive's employment is not
         terminated prior to the fifth anniversary of the Effective Date and
         the value of the SERP Benefit on the fifth anniversary of the
         Effective Date is less than $2,500,000, the amount of the SERP Benefit
         shall automatically be adjusted upward to $2,500,000.

                           (iii) In order to facilitate the payment of the SERP
         Benefit, within five (5) days of the establishment of the Rabbi Trust,
         the Company shall deposit the SERP Shares with the trustee of the
         Rabbi Trust in a separate share of the Rabbi Trust known as Account C.
         Moreover, if the SERP Benefit is adjusted upward to $2,500,000 on the
         fifth anniversary of the Effective Date pursuant to Section 5(a)(ii),
         at the time of the adjustment the Company shall deposit with the
         trustee of the Rabbi Trust an amount in cash equal to the difference
         between $2,500,000 and the SERP Benefit immediately before such
         adjustment. Except for the guarantee by the Company that the SERP
         Benefit as of the fifth anniversary of the Effective Date will not be
         less than $2,500,000, the Company shall not be responsible for the
         investment performance of the SERP Shares or succeeding investments.

                           (iv) In the event of Executive's termination for any
         reason other than by the Company for Cause or by Executive without
         Good Reason, a portion of the SERP Benefit shall vest as hereinafter
         provided and be payable within ten (10) days to Executive, subject to
         the provisions of Section 6 hereof. If Executive's employment is
         terminated, any unvested portion of the SERP Benefit, as determined
         pursuant to other provision of this Agreement, shall be delivered to
         the Company by the trustee of the Rabbi Trust.

                           (v) If Executive elects to receive the SERP Shares
         rather than cash, and if the merger between CBS and Viacom has not
         occurred, Executive acknowledges that the CBS shares will be
         "restricted securities," as defined in Rule 144 of the Securities Act
         of 1933. As "restricted securities", the CBS shares may not be
         transferred, sold, or otherwise disposed of unless registered under
         the Securities Act of 1933 or an exemption from registration is
         available under such Act. Executive acknowledges that the certificates
         evidencing the CBS shares will bear a restrictive legend to this
         effect.

                  (b) Expenses. During the Employment Period, the Company shall
reimburse Executive, in accordance with the Company's policies and procedures,
for all reasonable expenses incurred by Executive, including reimbursement for
his reasonable first class travel expenses and, on

                                       5
<PAGE>   6

up to two occasions per year, those of his spouse, in connection with the
performance of his duties for the Company.

                  (c) Vehicle Allowance. During the Employment Period,
Executive shall be entitled to receive from the Company a vehicle allowance of
$1,050 per month, subject to future increases as may be granted to senior
executives.

                  (d) Use of Company Aircraft. During the Employment Period and
subject to availability, Executive shall be entitled to use of the Company
airplane for travel in connection with the performance of his duties.

                  (e) Vacation. During the Employment Period, Executive shall
be entitled to four (4) weeks vacation during each Contract Year.

                  (f) Company Plans. During the Employment Period, Executive
shall be entitled to participate in and enjoy the benefits of (i) the Company
Health Insurance Plan, (ii) the Company Retirement Plan, (iii) the Company
401(k) Savings Plan, (iv) the Company Retirement Benefit Restoration Plan, (v)
the Company Supplemental Deferred Compensation ("SUDCOMP") Plan, and (vi) any
health, life, disability, retirement, pension, group insurance, or other
similar plan or plans which may be in effect or instituted by the Company for
the benefit of senior executives generally, upon such terms as may be therein
provided. Such benefits as in effect on the date hereof are summarized in
Exhibit F hereto, provided that, notwithstanding Exhibit F, during the
Employment Period, Executive shall be entitled to a life insurance benefit of
not less than $1,800,000.

         6. Deferral of Excessive Employee Remuneration.

                  (a) During any period in which Executive is a "covered
employee" within the meaning of Section 162(m)(3), any "applicable employee
remuneration" otherwise payable to Executive in excess of the limit specified
in Section 162(m)(1) or any successor provision of the Code (currently
$1,000,000) shall not be currently paid, but shall be a deferred payment
obligation of the Company governed by the provisions of this Section 6.

                  (b) All such deferred payment obligations shall be fully
vested and shall be credited with investment earnings (or losses). The rate of
investment earnings (or losses) of such deferred amounts shall be equal to the
rate of investment earnings (or losses) of one or more mutual funds selected by
the Company after consultation with Executive and identified to Executive as
such, which mutual funds may be changed from time to time by the Company after
consultation with Executive. While the Company shall make reasonable efforts to
act prudently in the selection of such mutual funds, taking into account
Executive's investment preferences, the Company shall not be responsible for
the investment performance of any such fund(s).

                  (c) In order to facilitate the payment of the Company's
deferred payment obligation, at the time that the Company would otherwise make
a payment to Executive but for the Code Section 162(m) limitations, the Company
shall deposit an amount of cash equal to the amount which is being deferred,
into "Account A" of a "rabbi trust" to be known as the Deferred Compensation
Rabbi Trust (the "Rabbi Trust") to be established by the Company with an
independent corporate trustee acceptable to the Company and Executive within
thirty (30) days from the Effective Date. The Rabbi Trust shall satisfy the
requirements of Section 7 hereof and shall be in substantially the form
attached hereto as Exhibit A.

                                       6
<PAGE>   7

                  (d) Amounts deferred pursuant to this Section 6 and earnings
thereon, shall be paid to the Executive at the earliest time possible without
being nondeductible by the Company under Code Section 162(m), but in all events
not later than ten (10) days following the termination of Executive's
employment with the Company (without regard to the reason of such termination),
except that if the Company believes, based on the written opinion of counsel,
that payment at such time will result in nondeductibility by the Company under
Section 162(m), payment may, at the election of Company be further deferred but
not beyond the end of the first full week following the calendar year in which
the termination of employment occurs. Distributions from the Rabbi Trust shall
to the extent feasible be made from Account A prior to any distributions from
Account B.

                  (e) The Restricted Shares, which are to be held by the
trustee of the Rabbi Trust pursuant to Section 4(b) herein, shall be subject to
subparagraphs (a) and (d) of this Section 6. The provisions of Section 4(b)
shall apply to the holding and investment of the Restricted Shares by the
trustee of the Rabbi Trust, and accordingly Section 6(b) and 6(c) shall not
apply to the Restricted Shares to the extent that they are inconsistent with
Section 4(b).

         7. Rabbi Trust. It is understood and agreed by the parties that (i)
the Rabbi Trust shall remain subject to the claims of the Company's general
creditors; (ii) any income tax payable with respect to the Rabbi Trust shall be
the sole obligation and responsibility of the Company (and shall not reduce the
assets in the Rabbi Trust so long as the Rabbi Trust remains a "grantor trust"
for federal income tax purposes); and (iii) the establishment of the Rabbi
Trust shall not relieve the Company of its liability to pay amounts due under
this Agreement. The Rabbi Trust shall, however, relieve the Company of its
liability to pay amounts due under this Agreement to the extent that payments
are made in accordance with the terms of this Agreement and the Rabbi Trust.

         8. Termination. Executive's employment hereunder may be terminated
prior to the expiration of the Employment Period as follows:

                  (a) Termination by Death. Upon the death of Executive
("Death"), Executive's employment shall automatically terminate as of the date
of Death.

                  (b) Termination by Company for Permanent Disability. At the
option of the Company, Executive's employment may be terminated by written
notice to Executive or his personal representative in the event of the
Permanent Disability of Executive. As used herein, the term "Permanent
Disability" shall mean a physical or mental incapacity or disability which
renders Executive unable substantially to render the services required
hereunder for a period of ninety (90) consecutive days or one hundred eighty
(180) days during any twelve (12) month period as determined in good faith by
the Company.

                  (c) Termination by Company for Cause. At the option of the
Company, Executive's employment may be terminated by written notice to
Executive upon the occurrence of any one or more of the following events (each,
a "Cause"):

                           (i) any action by Executive constituting fraud,
                  self-dealing, embezzlement, or dishonesty in the course of
                  his employment hereunder;

                           (ii) any conviction of Executive of a crime
                  involving moral turpitude;

                                       7
<PAGE>   8

                           (iii) any action of Executive, regardless of its
                  relation to his employment, that has brought or reasonably
                  could bring the Company into substantial public disgrace or
                  disrepute;

                           (iv) failure of Executive after reasonable notice
                  promptly to comply with any valid and legal directive of the
                  Board of Directors or the Chief Executive Officer;

                           (v) a material breach by Executive of any of his
                  obligations under this Agreement and failure to cure such
                  breach within ten (10) days of his receipt of written notice
                  thereof from the Company; or

                           (vi) a failure by Executive to perform adequately
                  his responsibilities under this Agreement as demonstrated by
                  objective and verifiable evidence showing that the business
                  operations under Executive's control have been materially
                  harmed as a result of Executive's gross negligence or willful
                  misconduct.

                  (d) Termination by Executive for Good Reason. At the option
of Executive, Executive may terminate his employment by written notice to the
Company given within a reasonable time after the occurrence of a material
breach by the Company of any of its obligations under this Agreement and the
failure by the Company to cure such breach within thirty (30) days of such
notice ("Good Reason").

                  (e) Termination by Company Without Cause. At the option of
the Company Executive's employment may be terminated by written notice to
Executive at any time ("Without Cause").

         9. Effect of Termination.

                  (a) Effect Generally. If Executive's employment is terminated
prior to the fifth anniversary of the Effective Date, the Company shall not
have any liability or obligation to Executive other than as specifically set
forth in Section 8 and Section 9 hereof.

                  (b) Effect of Termination by Death. Upon the termination of
Executive's employment as a result of Death, Executive's estate shall be
entitled to receive an amount equal to the accrued but unpaid Base Salary
through the date of termination and a pro rata portion of Executive's cash
bonus, if any, for the Contract Year in which termination occurs. Such cash
bonus, if not a Guaranteed Cash Bonus, shall be based on Executive's
performance through the date of termination, as reasonably determined by the
Compensation Committee of the Board of Directors at the time bonuses are
determined for Company executives generally. Executive's estate shall be
entitled to any unpaid portion of the Signing Bonus, accrued and unpaid
vacation pay, unreimbursed expenses incurred pursuant to Section 5(b) or (c),
and any other benefits owed to Executive pursuant to any written employee
benefit plan or policy of the Company, excluding benefits payable pursuant to
any plan beneficiary pursuant to a contractual beneficiary designation by
Executive. In addition, Executive's estate shall also be entitled to a pro-rata
portion of the SERP benefit. The vested portion of the SERP Benefit shall be
equal to the value of the SERP Shares (including any SERP Replacement Assets)
at the time of such termination (but in all events the value of the SERP Shares
(including any SERP Replacement Assets) shall be no less than $2,500,000)
multiplied by a fraction, the numerator of which is the total number of months
(including any fractional month) during which Executive was employed hereunder,
and the denominator of which is 60. Executive's estate shall be entitled only
to the Restricted Stock that has vested as of the date of death, and the
exercise of

                                       8
<PAGE>   9

Executive's Stock Options shall be governed by the Company's 1997 Stock Option
and Incentive Plan, as amended and restated, and as may hereinafter be further
amended without prejudice to Executive.

                  (c) Effect of Termination for Permanent Disability. Upon the
termination of Executive's employment hereunder as a result of Permanent
Disability, Executive shall be entitled to receive an amount equal to the
accrued but unpaid Base Salary through the date of termination and a pro rata
portion of Executive's cash bonus, if any, for the Contract Year in which
termination occurs. Such cash bonus, if not a Guaranteed Cash Bonus, shall be
based on Executive's performance through the date of termination, as reasonably
determined by the Compensation Committee of the Board of Directors at the time
bonuses are determined for Company executives generally. In addition, Executive
shall be entitled to long-term disability benefits available to executives of
the Company, accrued and unpaid vacation pay, unreimbursed expenses incurred
pursuant to Section 5(b) or (c), and any other benefits owed to Executive
pursuant to any written employee benefit plan or policy of the Company.
Payments to Executive hereunder shall be reduced by any payments received by
Executive under any worker's compensation or similar law. In addition,
Executive shall also be entitled to a pro-rata portion of the SERP benefit. The
vested portion of the SERP Benefit shall be equal to the value of the SERP
Shares (including any SERP Replacement Assets) at the time of such termination
(but in all events the value of the SERP Shares (including any SERP Replacement
Assets) shall be no less than $2,500,000) multiplied by a fraction, the
numerator of which is the total number of months (including any fractional
month) during which Executive was employed hereunder, and the denominator of
which is 60. Executive shall be entitled only to the Restricted Stock that has
vested as of the date of termination, and the exercise of Executive's Stock
Options shall be governed by the Company's 1997 Stock Option and Incentive
Plan, as amended and restated, and as may hereinafter be further amended
without prejudice to Executive.

                  (d) Effect of Termination by the Company for Cause or by
Executive Without Good Reason. Upon the termination of Executive's employment
by the Company for Cause or by Executive for any reason other than Good Reason,
Executive shall be entitled to an amount equal to the accrued but unpaid Base
Salary through the date of termination plus any unpaid portion of the Signing
Bonus, unpaid vacation pay, unreimbursed expenses incurred pursuant to Section
5(b) or (c), and any other benefits owed to Executive pursuant to any written
employee benefit plan or policy of the Company. All Stock Options, to the
extent not theretofore exercised, shall terminate on the date of termination of
employment under this Section 7(d).

                  (e) Effect of Termination by the Company Without Cause or by
Executive for Good Reason. Upon the termination of Executive's employment
hereunder either by the Company Without Cause or by Executive for Good Reason,
Executive shall be entitled to (i) the continued payment of Executive's Base
Salary for the remainder of the initial five-year term of this Agreement; (ii)
continued payment of the annual cash bonuses for the remaining years of the
initial five-year term of this Agreement, each such annual cash bonus to be
calculated as an amount equal to the average amount of the annual cash bonuses
previously granted to Executive hereunder; (iii) any unpaid portion of the
Signing Bonus, accrued and unpaid vacation pay, unreimbursed expenses incurred
pursuant to Section 5(b) or (c), and any other benefits owed to Executive
pursuant to any written employee benefit plan or policy of the Company; and
(iv) the continuation of benefits under (or comparable to those provided under)
the Company's Health Insurance Plan for the remainder of the initial five-year
term, at the same cost to Executive as the cost that he would have paid had his
employment not been terminated. In lieu of the continued payments required
under clauses (i) and (ii) of this Section 9(e), the Company may elect to pay
to Executive a lump sum amount equal to the present value, using an 8% discount
rate, of the payments required under clauses (i) and (ii) of this

                                       9
<PAGE>   10

Section 9(e). In addition, Executive shall also be entitled to a pro-rata
portion of the SERP benefit. The vesting portion of the SERP Benefit shall be
equal to the value of the SERP Shares (including any SERP Replacement Assets)
at the time of such termination (but in all events the value of the SERP Shares
(including any SERP Replacement Assets) shall be no less than $2,500,000)
multiplied by a fraction, the numerator of which is the total number of months
(including any fractional month) during which Executive was employed hereunder,
and the denominator of which is 60. Upon termination, all unvested Stock
Options and Restricted Stock Grants shall immediately vest. Executive shall
have 90 days from the date of termination to exercise the Stock Options.

         10. Change of Control.

                  (a) Definition. A "Change of Control" shall be deemed to have
taken place if:

                           (i) any person or entity, including a "group" as
                  defined in Section 13(d)(3) of the Securities Exchange Act of
                  1934, other than the Company, a wholly-owned subsidiary
                  thereof, Edward L. Gaylord or any member of his immediate
                  family or any trusts or other entities controlled by Edward
                  L. Gaylord or any member of his immediate family, or any
                  employee benefit plan of the Company or any of its
                  subsidiaries becomes the beneficial owner of Company
                  securities having 50% or more of the combined voting power of
                  the then outstanding securities of the Company that may be
                  cast for the election of directors of the Company (other than
                  as a result of the issuance of securities initiated by the
                  Company in the ordinary course of business);

                           (ii) any person or entity, including a "group" as
                  defined in Section 13(d)(3) of the Securities Exchange Act of
                  1934, becomes the beneficial owner of Company securities
                  having greater voting power than the Company securities held
                  by Edward L. Gaylord, any member of his immediate family, and
                  any trusts or other entities controlled by Edward L. Gaylord
                  or any member of his immediate family.

                           (iii) as the result of, or in connection with, any
                  cash tender or exchange offer, merger or other business
                  combination, sale of assets or contested election, or any
                  combination of the foregoing transactions, less than a
                  majority of the combined voting power of the then-outstanding
                  securities of the Company or any successor corporation or
                  entity entitled to vote generally in the election of the
                  directors of the Company or such other corporation or entity
                  after such transactions, is held in the aggregate by the
                  holders of the Company's securities entitled to vote
                  generally in the election of directors of the Company
                  immediately prior to such transaction;

                           (iv) the Company sells all or substantially all of
                  the assets of the Company;

                           (v) the Company sells all or substantially all of
                  the Creative Content Group business, whether by way of an
                  asset sale, stock spin-off or other similar transaction; or

                           (vi) during any period of two consecutive years,
                  individuals who at the beginning of such period were members
                  of the Company's Board of Directors cease for any reason to
                  constitute at least a majority thereof (unless the election,
                  or the nomination for election by the Company's shareholders,
                  of each new director was

                                      10
<PAGE>   11

                  approved by a vote of at least two-thirds of the directors
                  then still in office who were directors at the beginning of
                  such period).

                  (b) Effect of Change of Control. In the event that within one
year following a Change of Control the Company terminates Executive Without
Cause or Executive terminates employment for Good Reason, Executive shall be
entitled to (i) an amount equal to the present value, using an 8% discount
rate, of the continued payment of Executive's Base Salary for the remainder of
the initial five-year term of this Agreement; (ii) an amount equal to the
present value, using an 8% discount rate, of the unpaid annual cash bonuses for
the remainder of the initial five-year term of this Agreement, each such annual
cash bonus to be calculated as an amount equal to the average amount of the
annual cash bonuses previously granted to Executive hereunder; (iii) any unpaid
portion of the Signing Bonus, unpaid vacation pay, unreimbursed expenses
incurred pursuant to Section 5(b) or (c), and any other benefits owed to
Executive pursuant to any written employee benefit plan or policy of the
Company; and (iv) the continuation of benefits under (or comparable to those
provided under) the Company's Health Insurance Plan for the remainder of the
initial five-year term, at the same cost to Executive as the cost that he would
have paid had his employment not been terminated. Upon such termination,
Executive shall also be entitled to receive the full SERP Benefit. In addition,
upon termination, all unvested Stock Options and Restricted Stock Grants shall
immediately vest. Executive shall have 90 days from the date of termination to
exercise the Stock Options.

         11. Confidential Information.

                  (a) Nondisclosure; Etc. Executive agrees that he shall not
commit any act, or in any way assist others to commit any act, which could
reasonably be expected to injure the Company or any of its businesses. Without
limiting the generality of the foregoing, Executive recognizes and acknowledges
that all information about the Company or relating to any of its respective
products, services, or any phase of its operations, business, or financial
affairs which is not a matter of public record, including without limitation,
trade secrets, contracts with agents, artists, distributors, or producers,
computer programs, financial information of every type and kind, plans, and
strategies, ("Confidential Information") is not generally known to the
Company's competitors and is valuable, special, and unique to the business of
the Company. Accordingly, Executive shall not, directly or indirectly, use any
such Confidential Information for his own benefit, divulge, disclose, or make
accessible any such Confidential Information or any part thereof to any person,
firm, corporation, association, or other entity for any reason or purpose
whatsoever (other than in the course of carrying out his duties hereunder), or
render any services to any person, firm, corporation, association, or other
entity to whom any such Confidential Information, in whole or in part, has been
disclosed or is threatened to be disclosed by or at the instance of Executive.
Confidential Information shall not include any information which is or becomes
generally available to the public other than as a result of disclosure in
violation of this Agreement.

                  (b) Property of Company. All memoranda, notes, lists,
records, and other documents (and all copies thereof) constituting Confidential
Information made or compiled by Executive or made available to Executive shall
be the Company's property, shall be kept confidential in accordance with the
provisions of this Section 11, and shall be delivered to the Company at any
time on request and in any event upon the termination of Executive's employment
for any reason.

                  (c) Relief. Since the Company shall be irreparably damaged if
the provisions of this Section 11 are not specifically enforced, the Company
shall be entitled to an injunction or any other appropriate decree of specific
performance (without the necessity of posting any bond or other security in
connection therewith) restraining any violation of Executive's covenants or
failure of

                                      11
<PAGE>   12

Executive to fulfill such covenants under this Section 11. Such remedies shall
not be exclusive and shall be in addition to any other remedy which the Company
may have for any breach or threatened breach of this Section 11 by Executive.

         12. Covenant Against Competition. Executive covenants and agrees that:

                  (a) Definitions. As used herein:

                           (i) "Affiliate" shall mean any entity directly or
                  indirectly controlling, controlled by, or under common
                  control with the Company and any entity in which the Company,
                  directly or indirectly, is a general partner, member,
                  manager, or holder of greater than a 10% common equity,
                  partnership, or membership interest.

                           (ii) "Company Business" shall mean the business of
                  the Company on the date hereof, and any business which the
                  Company is engaged in or has under development (including
                  preliminary stages of development), at the earlier to occur
                  of the time of the alleged violation of this Section 12 or
                  the termination of Executive's employment under this
                  Agreement.

                           (iii) "Geographic Area" shall mean the world.

                  (b) Non-Competition. During the Employment Period, and, if
Executive's employment is terminated by the Company for Cause or by Executive
for other than Good Reason, for a period of one (1) year thereafter, Executive
shall not, directly or indirectly, in the Geographic Area: (i) engage for his
own account in the Company Business; (ii) render any services in any capacity
to any person or entity (other than the Company or its Affiliates) engaged in
the Company Business; or (iii) become interested in any person or entity
engaged in the Company Business (other than the Company or its Affiliates) as a
partner, shareholder, director, officer, employee, principal, member, manager,
agent, trustee, or consultant or in any other relationship or capacity;
provided, however, Executive may own, directly or indirectly, solely as a
passive investment, securities of any such entity which are traded on any
national securities exchange if Executive (A) is not a controlling person of,
or a member of a group which controls, such entity and (B) does not, directly
or indirectly, own 1% or more of any class of securities of such entity.

                  (c) Non-Solicitation of Employees, Others. During the
Employment Period, and for a period of one (1) year thereafter, Executive shall
not, without the prior written consent of the Company, directly or indirectly,
solicit or encourage any employee of the Company or any of its Affiliates to
leave the employment of the Company or any of its Affiliates or hire any
employee who has left the employment of the Company or any of its Affiliates,
nor shall Executive directly or indirectly, knowingly solicit or encourage any
artist, producer, writer, distributor, customer, client, agent, or account of
the Company or any of its Affiliates to engage the services of Executive or any
person or entity (other than the Company or its Affiliates) in which Executive
is a partner, shareholder, director, officer, employee, principal, member,
manager, agent, trustee, or consultant or engaged in any other relationship or
capacity.

                  (d) Remedies. Since the Company shall be irreparably damaged
if the provisions of this Section 12 are not specifically enforced, the Company
shall be entitled to an injunction or any other appropriate decree of specific
performance (without the necessity of posting any bond or other security in
connection therewith) restraining any violation of Executive's covenants or
failure of Executive to fulfill any covenant under this Section 12. Such
remedies shall not be exclusive and

                                      12
<PAGE>   13

shall be in addition to any other remedy which the Company may have for any
breach or threatened breach of this Section 12 by Executive.

                  (e) Enforceability. If any provision of this Section 12 is
held to be unenforceable because of its scope, duration, area of applicability,
or otherwise, it is the intention of the parties that the court making such
determination shall modify such provision and that such modified provision
shall then be applicable.

         13. Public Disclosure of Employment Agreement. The Company
acknowledges that Executive has been under contract to Arista Records, Inc. and
has contractual agreements regarding the disclosure of certain information. The
Company hereby agrees that it will make no further public disclosure or
announcement regarding the termination of the agreement between Executive and
Arista Records, Inc. or the employment of Executive or the terms of this
Agreement prior to April 30, 2000, unless agreed to in writing by Arista
Records, Inc, except as otherwise required by applicable law, including the
Securities Exchange Act of 1934.

         14. Indemnification. The Company shall indemnify Executive and hold
him harmless from and against any and all costs, expenses, losses, claims,
damages, obligations or liabilities (including actual attorneys fees and
expenses) arising out of or relating to any acts, or omissions to act, made by
Executive on behalf of or in the course of performing services for the Company
to the fullest extent permitted by the Bylaws of the Company, or, if greater,
as permitted by applicable law, as the same shall be in effect from time to
time. If any claim, action, suit or proceeding is brought, or any claim
relating thereto is made, against Executive with respect to which indemnity may
be sought against the Company pursuant to this Section, Executive shall notify
the Company in writing thereof, and the Company shall have the right to
participate in, and to the extent that it shall wish, in its discretion, assume
and control the defense thereof, with counsel satisfactory to Executive.

         15. Executive's Representations and Warranties. Executive represents
and warrants that he is free to enter into this Agreement and, as of the
Effective Date, that he is not subject to any conflicting obligation or any
disability which shall prevent or hinder Executive's execution of this
Agreement or the performance of his obligations hereunder; that no lawsuits or
claims are pending or, to Executive's knowledge, threatened against Executive;
and that he has never been subject to bankruptcy, insolvency, or similar
proceedings, has never been convicted of a felony or a crime involving moral
turpitude, and has never been subject to an investigation or proceeding by or
before the Securities and Exchange Commission or any state securities
commission. The Company shall have the authority to conduct an independent
investigation into the background of Executive and Executive agrees to fully
cooperate in any such investigation. The Company shall notify Executive if it
intends to conduct such an investigation.

         16. Notices. Any and all notices or other communications required or
permitted to be given under any of the provisions of this Agreement shall be in
writing and shall be deemed to have been duly given when personally delivered
or mailed by first class registered mail, return receipt requested, or by
commercial courier or delivery service, or by facsimile or electronic mail,
addressed to the parties at the addresses set forth below (or at such other
address as any party may specify by notice to all other parties given as
aforesaid):

                                      13
<PAGE>   14

                  (a) if to the Company, to:

                      Gaylord Entertainment Company
                      One Gaylord Drive
                      Nashville, Tennessee 37214
                      Attention:  Terry London
                      Facsimile Number: (615) 316-6010
                      E-Mail:  TLondon@gaylordentertainment.com

                      With a copy to:

                      Sherrard & Roe, PLC
                      424 Church Street, Suite 2000
                      Nashville, TN  37219
                      Attention:  Thomas J. Sherrard, Esq.
                      Facsimile Number: (615) 742-4539
                      E-Mail:  TSherrard@sherrardroe.com

                  (b) if to Executive, to:

                      Tim DuBois
                      4529 Tyne Valley Boulevard
                      Nashville, TN 37220
                      E-Mail:  PTbois@aol.com

                      With a copy to:

                      Loeb & Loeb
                      10100 Santa Monica Blvd.
                      Suite 2200
                      Los Angeles, CA 90067-4164
                      Attention:  John Frankenheimer, Esq.
                      Facsimile Number: (310) 282-2192
                      E-Mail:  JFrankenheimer@loeb.com

and/or to such other persons and addresses as any party shall have specified in
writing to the other by notice as aforesaid.

         17. Miscellaneous.

                  (a) Entire Agreement. This writing and the Exhibits hereto
constitute the entire agreement of the parties with respect to the subject
matter hereof and may not be modified, amended, or terminated except by a
written agreement signed by all of the parties hereto. Nothing contained in
this Agreement shall be construed to impose any obligation on the Company to
renew this Agreement and neither the continuation of employment nor any other
conduct shall be deemed to imply a continuing obligation upon the expiration of
this Agreement.

                  (b) Assignment; Binding Effect. This Agreement shall not be
assignable by Executive, but it shall be binding upon, and shall inure to the
benefit of, his heirs, executors,

                                      14
<PAGE>   15

administrators, and legal representatives. This Agreement shall be binding upon
the Company and inure to the benefit of the Company and its respective
successors and permitted assigns. This Agreement may only be assigned by the
Company to an entity controlling, controlled by, or under common control with
the Company in connection with a sale and assignment of the assets of the
Creative Content Group to such other entity; provided, however, that no such
assignment shall relieve the Company of any of its obligations hereunder.

                  (c) Waiver. No waiver of any breach or default hereunder
shall be considered valid unless in writing, and no such waiver shall be deemed
a waiver of any subsequent breach or default of the same or similar nature.

                  (d) Enforceability. Subject to the terms of Section 12(e)
hereof, if any provision of this Agreement shall be held invalid or
unenforceable, such invalidity or unenforceability shall attach only to such
provision and shall not in any manner affect or render invalid or unenforceable
any other severable provision of this Agreement, and this Agreement shall be
carried out as if any such invalid or unenforceable provision were not
contained herein, unless the invalidity or unenforceability of such provision
substantially impairs the benefits of the remaining portions of this Agreement.

                  (e) Headings. The section headings contained herein are for
the purposes of convenience only and are not intended to define or limit the
contents of the sections.

                  (f) Counterparts. This Agreement may be executed in two or
more counterparts, all of which taken together shall be deemed one original.

                  (g) Confidentiality of Agreement. The parties agree that the
terms of this Agreement as they relate to compensation, benefits, and
termination shall, unless otherwise required by law (including, in the
Company's reasonable judgment, as required by federal and state securities
laws), be kept confidential; provided, however, that any party hereto shall be
permitted to disclose this Agreement or the terms hereof with any of its legal,
accounting, or financial advisors provided that such party ensures that the
recipient shall comply with the provisions of this Section 16(g).

                  (h) Governing Law. This Agreement shall be deemed to be a
contract under the laws of the State of Tennessee and for all purposes shall be
construed and enforced in accordance with the internal laws of said state.

                  (i) No Third Party Beneficiary. This Agreement shall not
confer any rights or remedies upon any person or entity other than the parties
hereto and their respective successors and permitted assigns.

                  (j) Arbitration. Any controversy or claim between or among
the parties hereto, including but not limited to those arising out of or
relating to this Agreement or any related agreements or instruments, including
any claim based on or arising from an alleged tort, shall be determined by
binding arbitration in accordance with the Federal Arbitration Act (or if not
applicable, the law of the

                                      15
<PAGE>   16

state of Tennessee), the Commercial Arbitration Rules of the American
Arbitration Association in effect as of the date hereof, and the provisions set
forth below. In the event of any inconsistency, the provisions herein shall
control. Judgment upon any arbitration award may be entered in any court having
jurisdiction. Any party to the Agreement may bring an action, including a
summary or expedited proceeding, to compel arbitration of any controversy or
claim to which this Agreement applies in any court having jurisdiction over
such action; provided, however, that all arbitration proceedings shall take
place in Nashville, Tennessee. The arbitration body shall set forth its
findings of fact and conclusions of law with citations to the evidence
presented and the applicable law, and shall render an award based thereon. In
making its determinations and award(s), the arbitration body shall base its
award on applicable law and precedent, and shall not entertain arguments
regarding punitive damages, nor shall the arbitration body award punitive
damages to any person.

                  (Remainder of Page Intentionally Left Blank)

                                      15-A
<PAGE>   17

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to
be duly executed as of the date first above written.

                                            GAYLORD ENTERTAINMENT COMPANY, INC.

                                            By:
                                               --------------------------------
                                               Terry E. London, President and
                                               Chief Executive Officer

                                            EXECUTIVE:

                                            -----------------------------------
                                            James "Tim" DuBois

                                      16<PAGE>   1

                                                                   Exhibit 10.24

                             NAMING RIGHTS AGREEMENT

         This Naming Rights Agreement (the "Agreement"), is made and entered
into as of the 24th day of November, 1999 (the "Execution Date"), by and between
the Nashville Hockey Club Limited Partnership, a Wisconsin limited partnership
(the "Club"), and Gaylord Entertainment Company, a Delaware corporation
("Gaylord").

                                    RECITALS:

         WHEREAS, the Club owns and operates the "Nashville Predators," a
professional hockey team franchised by the National Hockey League (the "NHL") to
play its home games in Nashville, Tennessee;

         WHEREAS, pursuant to that certain License and Use Agreement (the "Use
Agreement"), dated as of June 25, 1997, by and between the Sports Authority of
the Metropolitan Government of Nashville and Davidson County (the "Authority")
and the Club, the Club has been granted certain license and use rights with
regard to that certain facility commonly known as the "Nashville Arena" located
on the land described on Exhibit A hereto (the "Arena");

         WHEREAS, pursuant to Article 18.1 of the Use Agreement, the Authority
granted the Club the exclusive power and authority to sell the right to name the
Arena to a sponsor or sponsors; and

         WHEREAS, Gaylord desires to acquire from the Club the right to name the
Arena, and the Club desires to transfer to Gaylord the right to name the Arena,
all in accordance with the terms and conditions of this Agreement.

         NOW, THEREFORE, in consideration of the foregoing premises, the mutual
covenants and agreements herein contained, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto, intending to be legally bound, hereby agree as follows:

SECTION 1.        TERM

         1.1 TERM. The term of this Agreement (the "Term") shall be deemed to
have commenced on August 4, 1999 (the "Commencement Date") and shall terminate,
without the need for notice from either party, on August 3, 2019 (the
"Expiration Date"), unless terminated earlier in accordance with the terms
hereof.

         1.2 RIGHT OF FIRST REFUSAL. No later than January 1, 2019, the Club and
Gaylord shall commence good faith and exclusive negotiations regarding the terms
and conditions for a new naming rights agreements similar in nature to this
Agreement. If the parties do not execute a new naming rights agreement by April
1, 2019, then the Club shall provide Gaylord with a final offer for an exclusive
naming rights agreement. Gaylord will have ten (10) business days from the date
that such offer is presented by the Club to accept or reject such offer. If
Gaylord rejects the Club's offer, then the Club will be entitled to negotiate
and execute a naming rights agreement with any other person or entity; provided,
however, that the Club shall not enter into any agreement or accept any third
party offer containing terms and conditions which, in the aggregate, are
materially less

                                        1
<PAGE>   2
favorable to the Club than those contained in the offer to Gaylord, without
first offering to enter into a naming rights agreement with Gaylord on similar
terms (the "Third Party Offer"). Gaylord shall have five (5) business days to
respond to the Club following receipt of written notice by Gaylord of any Third
Party Offer received by the Club which the Club is willing to accept. If Gaylord
declines to accept the Third Party Offer, the Club shall be free to enter into a
naming rights agreement with such third party on the basis of the Third Party
Offer. Should the Club not enter into a naming rights agreement based on such
Third Party Offer, then the Club shall not enter into any other naming rights
agreement on terms and conditions which, in the aggregate, are materially less
favorable to the Club than the Third Party Offer, without first giving Gaylord
the opportunity to match such other terms and conditions.

SECTION 2.        NAMING RIGHTS; PROMOTIONAL EXPOSURE.

         2.1 NAMING RIGHTS; LOGO. As of the Commencement Date, the Club hereby
grants to Gaylord the exclusive right to rename the Arena as the "Gaylord
Entertainment Center," and hereby agrees, subject to the terms and conditions of
this Agreement, to rename the Arena as the Gaylord Entertainment Center. Gaylord
shall be entitled to develop an appropriate logo or symbol for the Gaylord
Entertainment Center, such logo or symbol to be subject to the reasonable
approval of the Club. Attached hereto as Exhibit B is a copy of an
Acknowledgement executed by the Authority approving the renaming of the Arena as
the Gaylord Entertainment Center in accordance with the terms and conditions of
Section 18.1 of the Use Agreement.

         2.2 EXPOSURE OF GAYLORD ENTERTAINMENT CENTER NAME AND LOGO; OTHER
SIGNAGE AND ADVERTISING. In addition to the naming rights granted to Gaylord
pursuant to Section 2.1 above, Gaylord will be entitled to certain signage or
other forms of advertisement in, on, or around the Gaylord Entertainment Center,
all such signage or advertisements (i) to promote Gaylord and/or its various
subsidiaries, (ii) to be mutually agreed upon by the parties , (iii) to conform
generally to the architectural design and specifications detailed in the HOK
Arena Architectural Design Specifications which are attached as Exhibit C hereto
(the "HOK Specifications"), and (iv) to be hung, posted, or placed in the
locations detailed below:

         (a)      EXTERIOR SIGNAGE.

                  (i)   A sign on Sixth and Broadway facing west towards the
                        Baptist Church (dimensions of 48" x 42");

                  (ii)  Signage upon three facings of the tri-vision (dimensions
                        of 16' x 12');

                  (iii) Signage on the WSM-WTN radio tower to be constructed on
                        the Arena's property (the "Radio Tower");

                  (iv)  Signage on the marquis;

                  (v)   A sign over the main entrance to the Arena on Broadway
                        (dimensions of 48" x 42");

                  (vi)  A sign on Fifth and Demonbreun facing east (dimensions
                        of 48" x 42");

                  (vii) A sign over the south entrance to the Arena on the west
                        side of the Arena (dimensions of 48" x 42");

                  (viii) A sign on the wall located near the south entrance of
                        the Arena;

                  (ix)  A sign on the top level of the garage, which is located
                        at Sixth and Demonbreun, facing west (dimensions of 48"
                        x 42"); and

                  (x)   A sign on the roof of the Arena (dimensions of 192" x
                        530").

                                        2
<PAGE>   3
The parties hereby acknowledge and agree that the final location and size of all
exterior signage and advertisements, including without limitation, the location,
design, plans, and buildout for the Radio Tower, are subject to approval by the
Metropolitan Development and Housing Agency ("MDHA"). Furthermore, the parties
acknowledge and agree that any and all signage referenced in this Section
2.2(a), with the exception of the signage referenced in Sections 2.2(a)(ii) and
(iii), shall be used solely for the purpose of identifying the Gaylord
Entertainment Center and displaying the Gaylord Entertainment Center logo.

         (b)      INTERIOR LOCATIONS.

                  (i)   Four (4) upper level permanent signage panels on the
                        scoreboard each measuring 16' 1" x 2' 10";

                  (ii)  Lower level and back lit spectacular located in the main
                        food court on the concourse level (dimensions of 20' x
                        12');

                  (iii) The Gaylord Entertainment Center logo on the basketball
                        floor;

                  (iv)  The Gaylord Entertainment Center logo on center ice,
                        which Gaylord acknowledges must be in accordance with
                        the NHL's sight guidelines;

                  (v)   A buildout of the Hall of Fame corridor;

                  (vi)  One position on a rotational dasher board measuring 9'
                        8" x 31.5"; and

                  (vii) Signage on the band stage for Predators games.

The parties agree that the Club will be responsible for the first Twenty Five
Thousand Dollars ($25,000) in costs incurred for the buildout of the Hall of
Fame corridor and/or the Radio Tower. Gaylord will be responsible for any costs
incurred in excess of $25,000 for such buildouts of the Hall of Fame corridor
and Radio Tower.

         (c)      MEDIA ADVERTISING.

                  (i)   Two (2) thirty (30) second advertisements during each
                        Predators controlled pre-season and regular season
                        television broadcast;

                  (ii)  Two (2) sixty (60) second advertisements during each
                        Predators controlled pre-season and regular season radio
                        broadcast;

                  (iii) Floating billboards on each Predators' radio and
                        television broadcast;

                  (iv)  Prominent identification on the Predators' internet web
                        site, such identification to be equal in stature or
                        prominence to the current identification on the
                        Predators' web site as of the Execution Date; and

                  (v)   One full page advertisement in each Predators'
                        publication, including the Predators Press (game
                        program), Saber Tooth Times (season ticket holder
                        monthly publication), and Media Guide.

Gaylord shall be responsible for all production costs associated with any media
advertisements and shall comply with all scheduling, layout, and production
requirements imposed by the media producer or broadcaster.

         2.3 REPLACEMENT SIGNAGE. The parties hereby acknowledge and agree that
certain of the signs and advertisements detailed in Section 2.2 above may become
unavailable for reasons which are unforeseen by either party at this time.
Attached hereto as Exhibit D is a document agreed to by both parties which
assigns a certain valuation to each individual sign or advertisement detailed in
Section 2.2. The Club and Gaylord hereby agree that if any individual sign or
advertisement should

                                        3
<PAGE>   4
become unavailable for any reason whatsoever, then Gaylord shall be granted (i)
additional signage or advertisements in the Arena and/or (ii) additional
advertisements in or on the Club's media properties, of an equal or comparable
value to the valuation ascribed in Exhibit D for such unavailable signage or
advertisement. If the Club is unable to substitute signage or advertisements of
similar value, then Gaylord and the Club shall attempt in good faith to agree
upon additional mutually acceptable promotional benefits that will provide
Gaylord with substantially equivalent promotional or advertising benefits as the
cancelled benefits. Gaylord and the Club may agree to extend some or all of the
use of the signage or advertisements for additional periods to provide Gaylord
with substantially equivalent promotional benefits, or if no such alternative
benefits shall be reasonably acceptable to Gaylord and the Club, then to a
reduction in the amount of fees payable by Gaylord hereunder.

         2.4 ASSIGNMENT OF SIGNAGE OR ADVERTISING RIGHTS. The Club hereby
acknowledges and agrees that Gaylord shall be entitled to sell or assign to, or
to use for the benefit of, any of its various affiliates or subsidiaries
(hereinafter collectively referred to as a "Gaylord Subsidiary"), which (i)
exist as of the Execution Date (each an "Existing Gaylord Subsidiary") or (ii)
are created or acquired after the Execution Date (each a "New Gaylord
Subsidiary"), any of the signage or advertisements acquired pursuant to Sections
2.2 or 2.3 above; provided, however, that Gaylord acknowledges and agrees that
it will not be entitled to advertise by any means in the Arena any New Gaylord
Subsidiary, which is a competitor to one of the Club's "exclusive" sponsors, in
that exclusive sponsor's specific exclusive industry category, unless such New
Gaylord Subsidiary's primary business operations are in the "hospitality
industry" or "entertainment industry". Furthermore, the Club acknowledges and
agrees that Gaylord shall be entitled to sell or assign to, or use for the
benefit of, any of Gaylord's strategic marketing "partners" with which it has a
contractual marketing alliance a portion of any of the signage or advertisements
acquired pursuant to Section 2.2 or 2.3 above for purposes of a co-branded
message or advertisement for the benefit of Gaylord, or a Gaylord Subsidiary,
and such Gaylord "partner"; provided, however, that Gaylord acknowledges and
agrees that it shall not be entitled to use any of such signage or
advertisements for the benefit of a marketing partner if (i) such partner is a
competitor to one of the Club's exclusive sponsors in that exclusive sponsor's
specific exclusive industry category, (ii) such sale or assignment is at a price
below the price currently being charged by the Club for similar signage or
advertisements, (iii) the Club has an existing inventory of similar signage or
advertisements which could be sold to such "partner", or (iv) the Club has made
a written proposal for the purchase of Arena signage or advertisement to such
"partner" within the prior six months, such proposal has not been rejected, and
the Club and such partner are in current negotiations for the purchase of Arena
signage or advertisements. Attached hereto as Exhibit E is a list of the
Existing Gaylord Subsidiaries, and their various trade names and principal
industries, such list to be updated from time to time by the giving of notice to
the Club as New Gaylord Subsidiaries are added or Gaylord Subsidiaries are
deleted. Attached hereto as Exhibit F is a list of the Club's "exclusive"
sponsors and those exclusive sponsor's specific exclusive industry categories as
of the Execution Date, such list to be updated from time to time by the giving
of written notice to Gaylord as exclusive sponsors are added or deleted. For
purposes of this Section 2.4, the following definitions shall apply: (i)
"affiliate" shall mean any entity which is owned or controlled by, is under
common ownership or control, or shares common ownership or control with Gaylord
or the Club (the term "control", including without limitation, the terms
"controlled by" and "under common control with", means the possession, directly
or indirectly, of the power to direct or cause the direction of the management
and policies of an entity, whether through the ownership of voting securities,
by contract, or otherwise); (ii) "hospitality industry" shall mean for profit
businesses engaged in the ownership or management of hotels or motels; and (iii)
"entertainment industry" shall mean for profit businesses engaged in the

                                        4
<PAGE>   5
creation or production of video, film, television, musical, literary, or live
entertainment for a mass audience or the distribution of such entertainment to a
mass audience through an Existing Gaylord Subsidiary, or the internet.

         2.5 REMOVAL OF EXISTING SIGNAGE; INSTALLATION OF GAYLORD ENTERTAINMENT
CENTER SIGNAGE. The Club agrees, at its sole cost and expense, to remove, or to
cause Powers, as defined in Section 5 below, to remove, any and all signage or
advertisements in, on, or around the Arena referencing the "Nashville Arena".
Likewise, the Club agrees to hang, post, or place, or to cause Powers to hang,
post, or place, at the Club's sole cost and expense, any and all of the signage
or advertisements referencing the Gaylord Entertainment Center, Gaylord, and/or
Gaylord's subsidiaries detailed in Section 2.2 above. Notwithstanding the prior
sentence, Gaylord acknowledges and agrees that attached hereto as Exhibit G is a
collection of valid and acceptable bids to convert the existing signage to
Gaylord Entertainment Center or Gaylord signage in accordance with the HOK
Specifications for an aggregate cost of Two Hundred and Fifty Two Thousand
Dollars ($252,000); and in the event Gaylord requests any changes or
modifications to the HOK Specifications or the agreed upon Gaylord signage and
such changes or modifications cause the cost of such conversion to exceed Two
Hundred and Fifty Two Thousand Dollars ($252,000), then Gaylord shall pay any
costs in excess of Two Hundred and Fifty Two Thousand Dollars ($252,000) which
are incurred as a result of such changes or modifications requested by Gaylord.

         2.6 RIGHT TO RENAME THE GAYLORD ENTERTAINMENT CENTER. Gaylord and its
successors and assigns shall be entitled to rename the Gaylord Entertainment
Center, subject to the prior written approval of the Club, such approval not to
be unreasonably withheld, and subject to the prior written consent of the
Authority, such consent to be given in accordance with the terms of Section 18.1
of the Use Agreement. Gaylord hereby acknowledges and agrees that any and all
costs associated with such renaming of the Gaylord Entertainment Center shall be
the responsibility of Gaylord or its successors or assigns.

         2.7 CHANGE OF SIGNAGE. Gaylord shall have the right to change the
signage outlined in Section 2.2 above during the Term of this Agreement upon
reasonable notice to the Club. Any costs associated with the change of signage
shall be at the sole expense of Gaylord. All advertising messages displayed on
such signage shall be in good taste and shall not violate community standards.

         2.8 SIGN MAINTENANCE. The Club, at its sole cost and expense, shall
conduct, or shall cause Powers to conduct, all necessary, routine, preventative,
and long term repair and maintenance of the Gaylord signage after installation
to keep such signs in good condition and repair, reasonable wear and tear
accepted. The Club's or Powers' repair and maintenance will include maintenance,
repair and replacements of all electrical, mechanical and structural components
of such signage after installation.

         2.9 TYPE OF AGREEMENT. The parties understand, intend and agree that
this Agreement, is a naming rights agreement and not a license to use real
property. It is understood and agreed that Gaylord shall not have the right to
access the advertising signage or the devices, scoreboards or other surfaces
upon which such signage shall be placed. If such signage requires replacement,
removal, repair or modification during the Term of this Agreement, the Club or
Powers exclusively shall perform the same.

         2.10 GOVERNMENT APPROVALS. The parties acknowledge and agree that all
signage that is intended to be displayed on the exterior of the Arena and its
surrounding plazas, parking lots,

                                        5
<PAGE>   6
landscaped areas and approaching roadways, shall be subject to the applicable
requirements of the Metropolitan Government of Nashville and Davidson County and
the State of Tennessee. Accordingly, all such advertising signage shall comply
with all applicable governmental rules and regulations and with the Use
Agreement.

         2.11 NHL RULES. The parties hereto agree that this Agreement
automatically will be subject to any new or amended NHL regulations applicable
to advertising effective as of the date such regulation shall take effect and
that this Agreement shall incorporate and be subject to the Constitution,
By-Laws, rules and regulations, and the duly authorized resolutions of the NHL,
the decrees and rulings of the Commissioner or designees of the NHL and the
terms and conditions of any and all agreements to which the NHL is a party and
to which the NHL has bound its member clubs (collectively, all of such
regulations, resolutions, decrees and agreements are referred to as the
"Governing League Policies"). The Club shall advise Gaylord of any changes to
the Governing League Policies which may materially affect this Agreement. In the
event that any new or amended Governing League Policies materially affect the
terms of this Agreement, including, but not limited to, any of the benefits
afforded to Gaylord hereunder, then the Club acknowledges and agrees that it
shall be responsible for any and all costs incurred by the parties in modifying
the terms of this Agreement to provide Gaylord with new or substitute benefits,
including, but not limited to, any replacement signage or advertisements
pursuant to Section 2.3 above.

         2.12 LEAGUE SPONSOR. Except as otherwise provided herein, Gaylord
agrees that the Club, Powers, or NHL Properties, Inc. may allow or authorize any
League Sponsor (as defined below) to engage in advertising and promotional
activities in the Club's market (including, without limitation, the Arena), or
otherwise provide benefits to such League Sponsor, if the Club is required to
allow a League Sponsor to engage in such activities or receive such benefits
pursuant to any sponsorship or promotional licensing arrangement now or
hereafter entered into between such League Sponsor and the NHL or any affiliates
of the NHL (including, without limitation, NHL Enterprises, Inc. and NHL
Enterprises Canada, Inc.). League Sponsor means any person or entity which
currently is, or at anytime becomes, a sponsor or promotional licensee of or
with respect to any NHL event or program now or hereafter in existence. By way
of illustration only and without limiting the generality of the foregoing,
League Sponsors may place advertising and promotional materials (including
displays) in the Arena, in connection with a League Event, such as the NHL
All-Star game, the Stanley Cup Playoffs, or in support of a League program. In
no event shall a League Sponsor's rights supersede or preclude Gaylord's
exercise of rights hereunder (however, such rights may no longer remain
exclusive rights).

         2.13 ARENA RULES; PERMANENT SIGNAGE AND ADVERTISING POLICY. Gaylord and
the Club agree that this Agreement shall be performed in accordance with the
reasonable health and safety rules and policies of the Arena, as may be
applicable to this Agreement. Furthermore, notwithstanding any other provision
of this Agreement, the terms of this Agreement shall, in all respects, be
subject to and subordinate to that certain Gaylord Entertainment Center
Permanent Signage and Advertising Policy as amended from time to time by Powers,
LMI, or the current manager of the Arena, a copy of which is attached hereto as
Exhibit H; provided, however, that the Club acknowledges and agrees that (i)
Gaylord will be provided with written notification if the view of any of
Gaylord's signage or advertisements should be precluded pursuant to Section IIA
of such policy, and (ii) Gaylord's outdoor advertisement will not be affected
pursuant to such Policy.

SECTION 3. NAMING RIGHTS FEE. In consideration for the Club's agreement to
rename the Arena as the "Gaylord Entertainment Center", and to confer upon
Gaylord all other rights detailed in this

                                        6
<PAGE>   7
Agreement, Gaylord agrees to pay the Club an annual fee (the "Naming Rights
Fee") during each year (August 4 through August 3) of the Term. The Naming
Rights Fee for the first year of the Term shall be Two Million Fifty Thousand
Dollars ($2,050,000.00). Gaylord and the Club acknowledge and agree that the
Naming Rights Fee shall be increased during each successive year of the Term by
an amount equal to five percent (5%) of the then current Naming Rights Fee. The
parties agree that during each year of the Term the Naming Rights Fee will be
paid in two equal installments due on January 1 and July 1 of that year;
provided, however, that during the first year of the Term one-half of the Naming
Rights Fee will be due upon the Execution Date with the remainder due on January
1, 2000.

SECTION 4. SEASON TICKETS. During the first year of the Term, Gaylord agrees to
purchase from the Club that number of season tickets to Predators' home games
necessary to equal or exceed a cumulative value equal to three hundred
fifty-nine (359) multiplied by the average ticket price per season ticket sold
that year. The price for each season ticket will be the published price for such
ticket. Tickets will be selected by Gaylord from those available for purchase.
During the second and third years of the Term, Gaylord agrees to purchase from
the Club that number of season tickets necessary to equal or exceed a cumulative
value equal to three hundred (300) multiplied by the average ticket price per
season ticket sold during that year of the Term. During years four through
twenty of the Term, Gaylord agrees to use reasonable commercial efforts (with
due consideration to be given to Gaylord's then current profitability) to
purchase from the Club that number of season tickets necessary to equal or
exceed a cumulative value equal to the average ticket price per season ticket
sold during that year of the Term multiplied by: (a) three hundred (300) for
year four of the Term; (b) two hundred fifty (250) for years five through ten;
(c) two hundred (200) for years eleven through fifteen; and (d) one hundred
fifty (150) for years sixteen through twenty (the "Targeted Number of Tickets").
Notwithstanding the prior sentence, Gaylord acknowledges and agrees that, during
years four through twenty of the Term, it will annually purchase from the Club
at least that number of season tickets necessary to equal or exceed a cumulative
value equal to the average ticket price per season ticket sold during that year
of the Term multiplied by one hundred fifty (150) (the "Minimum Number of
Tickets"). The parties agree that with regard to years four through twenty of
the Term, Gaylord will be obligated to purchase the Targeted Number of Tickets
for each individual year, unless it gives the Club written notice of its
decision not to purchase the Targeted Number of Tickets for an individual year
on or before February 15 of the preceding year, together with a written
explanation of the reasons for not purchasing the Targeted Number of Tickets.

SECTION 5. POWERS MANAGEMENT. The Club and Gaylord acknowledge that, pursuant to
that certain Operating and Management Agreement (the "Operating Agreement"), by
and between the Authority and Powers Management, L.L.C. ("Powers"), dated as of
June 25, 1997, Powers was granted full power and authority to operate the Arena.
Likewise, pursuant to that certain Management and Consulting Agreement for the
Nashville Arena (the "Management Agreement"), by and between Powers and LMI/HHI,
Ltd. d/b/a Leisure Management International ("LMI"), effective as of May 1,
1999, Powers granted LMI certain rights to operate and manage the Arena, and LMI
assumed certain responsibilities from Powers for the operation and management of
the Arena. The Club and Gaylord acknowledge that Powers, an affiliate of the
Club, and LMI jointly manage the daily operations of the Arena pursuant to the
terms of the Operating Agreement and Management Agreement. The Club hereby
agrees that, simultaneous with the execution of this Agreement, the Club and
Powers will execute that certain Agreement, the form of which is attached hereto
as Exhibit I, pursuant to which Powers will assume certain responsibilities with
respect to this Naming Rights Agreement and pursuant to which Powers will cause
LMI to assume certain responsibilities with respect to this Naming Rights
Agreement (the "Powers Agreement").

                                        7
<PAGE>   8
SECTION 6.        EXISTING SIGNAGE; PROMOTIONAL MATERIALS.

         6.1 EXISTING ARENA SIGNAGE. Subject to Section 2.5, as soon as
practicable after the Commencement Date, the Club shall, at its sole cost and
expense, cause Powers and/or LMI to remove any and all existing signage,
advertisements, or identifications at the Arena, which reference the name of the
Arena as the "Nashville Arena", and to replace same with comparable signage,
advertisements, or identifications referencing the Gaylord Entertainment Center.

         6.2 COLLATERAL MATERIALS. The Club shall cause Powers and/or LMI to
cause all tickets produced for, or on behalf of, the Arena to bear prominently
the name and logo of the Gaylord Entertainment Center. Furthermore, the Club
shall cause Powers and/or LMI to cause all promotional or collateral materials
for the Arena to bear prominently the name and logo of the Gaylord Entertainment
Center, if such promotional or collateral materials reference the name of the
facility.

         6.3 TENANTS AND LICENSEES OF THE ARENA. The Club shall cause Powers
and/or LMI to (i) require all tenants and licensees of the Arena, including, but
not limited to, food and beverage concessionaires, to use only materials,
containers, or documents which refer to the name of the facility as the "Gaylord
Entertainment Center", and (ii) take all actions necessary to reasonably assure
that any references to the name of the Arena, and any informational materials
provided, distributed, or utilized by Powers, LMI, or tenants or licensees of
the Arena, refer to the name of the Arena as the "Gaylord Entertainment Center".
The Club acknowledges and agrees that, at a minimum, the name and logo of the
Gaylord Entertainment Center will appear on (i) the uniforms (including coats
and jackets) and identification badges of the personnel of the Arena, including,
but not limited to, the security, operations, and box office personnel, ticket
takers, and concierges, (ii) the beer cups, wine cups, and dinner and beverage
napkins of the Arena, and (iii) any and all laniards distributed or sold in or
around the Arena. Gaylord hereby acknowledges that the Club, Powers, LMI, and
tenants and licensees of the Arena shall be entitled to use collateral
materials, containers, cups, napkins, and other concession items which reference
the "Nashville Arena" until the earlier of (i) such time as the existing
inventories for such items are depleted or (ii) December 31, 1999; provided,
however, that at such time as collateral materials, containers, cups, napkins,
or other concession items which reference the "Gaylord Entertainment Center"
become available, then the Club, Powers, LMI, and the tenants and licensees of
the Arena will blend the use of "Nashville Arena" and "Gaylord Entertainment
Center" items to insure that both types are distributed at each event in the
Arena.

         6.4 PREDATORS' PROMOTIONS OR ADVERTISEMENTS. The Club shall reference
the Gaylord Entertainment Center in any television or radio commercials for the
Nashville Predators unless (i) the commercial is for an event or events which
will not be held at the Gaylord Entertainment Center or (ii) the parties
mutually agree that the length or content of the commercial make reference to
the Gaylord Entertainment Center inappropriate. The Club shall cause all written
promotions or advertisements for the Predators to bear the name and logo of the
Gaylord Entertainment Center.

         6.5 ARENA PROMOTIONS OR ADVERTISEMENTS. The Club shall cause Powers
and/or LMI to (i) reference the Gaylord Entertainment Center in any television
or radio commercials produced by the Club, Powers or LMI for Arena events and
(ii) to cause all written promotions or advertisements

                                        8
<PAGE>   9
produced by the Club, Powers or LMI for Arena events to bear the name and logo
of the Gaylord Entertainment Center.

         6.6 EXISTING STREET SIGNS. Within a reasonable time following the
Commencement Date, the Club and Gaylord shall use their best efforts to cause
the Metropolitan Government of Nashville and Davidson County ("Metro") and the
State of Tennessee (the "State") to cause all existing directional,
informational and road signs which contain the name "Nashville Arena" or any
variation thereof, located in any public rights-of-way, streets or highways to
be altered to refer to the Arena as the "Gaylord Entertainment Center". The
parties hereby acknowledge that they will mutually agree upon the allocation
between the parties of any costs associated with or stemming from this Section
6.6.

         6.7 TOURISM MATERIALS. Within a reasonable time following the
Commencement Date, the Club and Gaylord shall use their best efforts to cause
Metro and the State to cause any and all tourism, informational, or advertising
materials, which are produced by Metro or the State and which reference the
"Nashville Arena" or any variation thereof, to refer to the Arena as the Gaylord
Entertainment Center. The parties hereby acknowledge that they will mutually
agree upon the allocation between the parties of any costs associated with or
stemming from this Section 6.7.

SECTION 7. OTHER BENEFITS. In addition to the various benefits granted to
Gaylord in Section 2 and Section 6 above, in consideration for the Naming Rights
Fee established in Section 3 above, Gaylord shall be entitled to receive the
following benefits:

         7.1 PARKING SPACES. Gaylord shall be entitled to six (6) parking spaces
in the Arena garage for all events held in the Arena.

         7.2 USE OF THE ARENA. Gaylord shall be entitled to use the Arena for
two (2) employee events, two (2) community events, and two (2) commercial events
during each year of the Term (the "Gaylord Events"). The Club agrees to provide
Gaylord, or to cause Powers and/or LMI to provide Gaylord, with an annual
allowance (the "Arena Rent Allowance") to be applied against the cumulative
"base rent" charged by the Arena for such Gaylord Events during each year of the
Term. The Arena Rent Allowance for the first year of the Term shall be Sixty
Thousand Dollars ($60,000.00), and the Arena Rent Allowance shall be increased
during each successive year of the Term by an amount equal to five percent (5%)
of the then current Arena Rent Allowance. The Club agrees that the base rent
charged to Gaylord for such Gaylord Events will be equal to or less than the
base rent charged to other commercial licensees or lessees of the Arena for
similar events. Gaylord acknowledges that it shall be responsible for any
expenses, including without limitation, any overhead, employee, personnel,
security, food, beverage, or supply expenses associated with such Gaylord Events
and any cumulative base rent in excess of the annual Arena Rent Allowance.
Attached hereto as Exhibit J is a memorandum detailing the existing structure
for the calculation of "base rent" for use of the Arena.

         7.3 USE OF THE REHEARSAL HALL. Gaylord shall be entitled to use the
Rehearsal Hall for the Arena prior to, during, and immediately after twelve (12)
games played by the Nashville Predators in the Arena, such games to be mutually
agreed upon by the parties. The Club acknowledges and agrees that Gaylord will
not be charged a usage or rental fee for use of the Rehearsal Hall during such
games; provided, however, that Gaylord acknowledges and agrees that it will be
responsible for any expenses, including, without limitation, any overhead,
employee,

                                        9
<PAGE>   10
personnel, security, food, beverage, or supply expenses incurred as a result of
such events in the Rehearsal Hall.

SECTION 8.        PROPRIETARY SYMBOLS.

         8.1 ARENA PROPRIETARY SYMBOLS. Gaylord shall have the exclusive
ownership of any and all, right, title, and interest in, including, without
limitation, any copyrights, trademarks, service marks, or other intellectual
property, the name or phrase "Gaylord Entertainment Center" and the Gaylord
Entertainment Center logo, and any derivatives, modifications, or alterations
thereof (the "Intellectual Property"). Gaylord acknowledges and agrees that it
shall be solely responsible for any costs associated with registering or
protecting the Intellectual Property.

         8.2 LICENSE OF INTELLECTUAL PROPERTY TO CLUB. Subject to the terms of
this Agreement, Gaylord hereby grants to the Club a non-exclusive, royalty free
license during the Term to use and to grant to others, including, but not
limited to, Powers, LMI, the Authority, the Metropolitan Government of Nashville
and Davidson County, and tenants and licensees of the Gaylord Entertainment
Center, the right to use the Intellectual Property in connection with the
advertising, promotion, marketing and operations of the Gaylord Entertainment
Center and events held in the Gaylord Entertainment Center; provided, however,
that any rights granted by the Club to third parties to use the Intellectual
Property shall expire contemporaneously with this Agreement. The Club may,
subject to the prior approval of Gaylord, from time to time, grant non-exclusive
rights to providers of goods and services and advertisers to use the
Intellectual Property. Nothing herein shall prevent Gaylord from using the
Intellectual Property for purposes of promoting itself and the Gaylord
Entertainment Center; provided that such uses are consistent with the provisions
of this Agreement.

         8.3 MARKS. Neither party shall use the names, trademarks, service
marks, copyrights, call letters, trade names, or photographs of the facilities
or products of the other party for any purpose, except as provided for in this
Agreement, without the express prior written consent of the subject party, such
consent to be required for each proposed use and each use to be accompanied by
the appropriate trademark, service mark, copyright, or other designation
required by the owner of such property. All such uses must terminate immediately
upon termination or expiration of this Agreement. Notwithstanding the above, the
parties acknowledge and agree that each party shall have the unlimited right to
photograph (including, but not limited to, motion picture, still or video device
photography) the Gaylord Entertainment Center and to exhibit and exploit such
photography in any medium presently existing or hereafter developed.

         8.4 INFRINGEMENT. Gaylord represents that it is the sole owner of the
Intellectual Property free and clear of any liens, claims and encumbrances and
that the Intellectual Property does not infringe on any marks, logos,
copyrights, trademarks or other intangible property of any third party. Subject
to Section 13 below, Gaylord agrees to indemnify and hold the Club, Powers, LMI
and their respective sublicensees harmless from all loss, cost and expense,
including attorneys fees, arising out of any claim by a third party that the
Intellectual Property infringes on any property right of such third party.

SECTION 9.        REPRESENTATIONS AND WARRANTIES OF CLUB. The Club represents
and warrants to Gaylord as follows:

                                       10
<PAGE>   11
         9.1 DUE ORGANIZATION AND GOOD STANDING. The Club is a duly organized
and validly existing limited partnership under the laws of the State of
Wisconsin, is in good standing under the laws of the States of Wisconsin and
Tennessee, and has all requisite power and authority, and no consent of a third
party is necessary, to execute, deliver and perform its obligations under this
Agreement.

         9.2 BINDING EFFECT. This Agreement has been duly authorized, executed
and delivered by the Club and constitutes the legal, valid and binding
obligation of it, enforceable against it, in accordance with the terms hereof,
except to the extent enforceability is limited by bankruptcy, reorganization and
other similar laws affecting the rights of creditors generally and by general
principles of equity.

         9.3 NO CONFLICT. The execution, delivery and performance of this
Agreement by the Club does not conflict with, nor will it result in, a breach or
violation of any material agreement to which it is a party.

SECTION 10.        GAYLORD'S REPRESENTATIONS AND WARRANTIES. Gaylord represents
and warrants to the Club as follows:

         10.1 DUE ORGANIZATION AND GOOD STANDING. Gaylord is a duly organized
and validly existing corporation under the laws of the State of Delaware, is in
good standing under the laws of the State of Delaware, and has all requisite
legal power and authority to execute, deliver and perform its obligations under
this Agreement.

         10.2 BINDING EFFECT. This Agreement has been duly authorized, executed
and delivered by Gaylord and constitutes the legal, valid and binding obligation
of it, enforceable against it, in accordance with the terms hereof, except to
the extent enforceability is limited by bankruptcy, reorganization and other
similar laws affecting the rights of creditors generally and by general
principles of equity.

         10.3 NO CONFLICT. The execution, delivery and performance of this
Agreement by Gaylord does not conflict with, nor will it result in, a breach or
violation of any material agreement to which it is a party.

SECTION 11.       EXIGENCIES

         11.1 FORCE MAJEURE. In the event compliance with any of the parties'
obligations under this Agreement is impractical or impossible due to any
emergency, including, but not limited to, player strikes, management lockouts,
labor disputes, embargoes, flood, earthquake, storm, lightning, fire, epidemic,
acts of God, war, national emergency, civil disturbance or disobedience, riot,
sabotage or terrorism, restraint by court order or public authority, failure of
machinery or equipment or any other occurrence beyond the parties' reasonable
control (each such occurrence being an "Event of Force Majeure"), then the time
for performance of such obligations shall be extended for a period equal to the
duration of the Event of Force Majeure.

         11.2 DAMAGE OR DESTRUCTION. The parties acknowledge that in the event
the Arena or any part thereof shall be damaged or destroyed by fire or other
casualty (the "Damaged Facilities"), the Authority has the sole obligation and
authority, pursuant to Section 23 of the Use Agreement, to determine whether to
repair and restore the Damaged Facilities. In the event that the Authority
elects

                                       11
<PAGE>   12
not to repair and restore the Damaged Facilities, then this Agreement will
terminate simultaneously with the delivery of notice of such election by the
Authority; and the Club will refund any unearned portion of the Naming Rights
Fee.

         11.3 EMINENT DOMAIN. If the Arena or substantially all of the Arena
shall be permanently taken or condemned by any competent authority for any
public use or quasi-public use or purpose, this Agreement shall terminate upon
the earlier of (i) the date when the possession of the part so taken shall be
required for such use or purpose or (ii) the effective date of the taking. If
less than all or substantially all of the Arena shall be taken or condemned by
any competent authority for any public or quasi-public use or purpose, then, in
accordance with Section 24.2 of the Use Agreement, the Authority and the Club
shall mutually determine whether the remaining portion of the Arena can
economically and feasibly be used by the Club. In the event that the Authority
and Club determine that the Arena cannot economically and feasibly be used by
the Club as the result of such partial taking, then this Agreement shall
terminate upon the date of such determination; and the Club shall refund any
unearned portion of the Naming Rights Fee. If any right of temporary possession
or occupancy of all or any portion of the Arena shall be taken, then the Club
shall determine whether such taking materially interferes with the Arena so that
the Arena is no longer suitable for the Club's use as provided in Section 24.4
of the Use Agreement. In the event that the Club determines that such temporary
taking materially interferes with its use of the Arena, then this Agreement
shall terminate upon the date of such determination.

SECTION 12.       TERMINATION

         12.1 GAYLORD DEFAULTS. The occurrence of any one or more of the
following matters constitutes a default by Gaylord (a "Gaylord Default"):

                  (a) Gaylord's failure to pay any of the Naming Rights Fee or
any other amounts due to the Club hereunder within thirty (30) days after
receipt by Gaylord of written notice thereof from the Club.

                  (b) Gaylord's material breach of any of the covenants,
agreements, representations or warranties contained in this Agreement, if such
breach has not been waived in writing, if such breach is not cured or remedied
by Gaylord to the Club's reasonable satisfaction within thirty (30) days after
delivery of written notice specifying the nature of the breach, or, if the
parties agree that the breach is not capable of being cured or remedied within
said thirty (30) days, then within the time period mutually agreed to by the
parties in a jointly approved plan of corrective action developed within thirty
(30) days after delivery of written notice to Gaylord specifying the nature of
the breach.

         12.2 RIGHTS AND REMEDIES OF THE CLUB. Upon the occurrence of any
Gaylord Default, the Club may, at its option, upon written notice to Gaylord:

                  (a) Terminate this Agreement and recover all damages that the
Club may suffer by reason of Gaylord's breach of this Agreement and such early
termination;

                  (b) Enforce the provisions of this Agreement and enforce and
protect the rights of the Club hereunder by a suit or suits in equity or at law
for the specific performance of any covenant or agreement contained herein;

                                       12
<PAGE>   13
                  (c) Obtain any other available legal or equitable remedy or
relief, including, but not limited to, injunctive relief; and/or

                  (d) Without terminating this Agreement, recover from Gaylord
all actual, consequential, and incidental damages that the Club suffers as a
result of any Gaylord Default.

         12.3     CLUB DEFAULTS.  The occurrence of the following constitutes
a default by the Club (a "Club Default"):

                  (a) The Club's material breach of any of the covenants,
agreements, representations or warranties contained in this Agreement, if such
breach has not been waived in writing, if such breach is not cured or remedied
by the Club to Gaylord's reasonable satisfaction within thirty (30) days after
delivery of written notice specifying the nature of the breach, or, if the
parties agree that the breach is not capable of being cured or remedied within
said thirty (30) days, then within the time period mutually agreed to by the
parties in a jointly approved plan of corrective action developed within thirty
(30) days after delivery of written notice to the Club specifying the nature of
the breach; or

                  (b) A Team Default, as defined in the Use Agreement, shall
have occurred under the Use Agreement because the Club has breached Section 8.1
of the Use Agreement by failing to play its regular season home games, playoff
home games, and championship home games in the Arena in accordance with the
terms, conditions, and limitations of the Use Agreement.

         12.4 RIGHTS AND REMEDIES OF GAYLORD. Upon the occurrence of any Club
Default, Gaylord may, at its option, upon written notice to the Club:

                  (a) Terminate this Agreement and recover all damages that
Gaylord may suffer by reason of Club's breach of this Agreement and such early
termination;

                  (b) Enforce the provisions of this Agreement and enforce and
protect the rights of Gaylord hereunder by a suit or suits in equity or at law
for the specific performance of any covenant or agreement contained herein;

                  (c) Suspend payment of the Naming Rights Fee payable pursuant
to Section 3 until such time as such Club Default no longer exists, provided
that such Club Default has not been cured or remedied by the Club to Gaylord's
reasonable satisfaction within thirty (30) days after delivery of the written
notice referenced in this Section 12.4 (such thirty (30) day period to be in
addition to the thirty (30) day period referenced in Section 12.3(a)), or, if
the parties agree that the breach is not capable of being cured or remedied
within said thirty (30) days, then within the time period mutually agreed to by
the parties in a jointly approved plan of corrective action developed within
thirty (30) days after delivery of the written notice to the Club specified in
this Section 12.4;

                  (d) Offset any damages that Gaylord may suffer by reason of
the Club's breach of this Agreement against any future payments of the Naming
Rights Fee;

                  (e) Obtain any other available legal or equitable remedy or
relief, including, but not limited to, injunctive relief; and/or

                                       13
<PAGE>   14
                  (F) Without terminating this Agreement, recover from the Club
all actual, consequential, and incident damages that Gaylord suffers as a result
of any Club Default.

         12.5 TERMINATION. This Agreement may be terminated at any time after
the Execution Date (a) by mutual consent of the Club and Gaylord, or (b) in
accordance with the terms and conditions of Sections 12.2 and 12.4 of this
Agreement. This Agreement will automatically terminate without the need for
notice upon the termination of the Use Agreement for any reason whatsoever.

         12.6 APPORTIONMENT OF FEES. Upon termination of this Agreement, the
Naming Rights Fee for the year in which such termination occurs shall be
apportioned as of the date of termination.

         12.7 NO CONTINUED USE OF ARENA NAME. Upon termination of this
Agreement, the Club shall be free to rename the Arena, shall no longer refer to
the Arena as the "Gaylord Entertainment Center" in its Powers' or LMI's
advertising or promotional materials or any other communications by or on behalf
of the Club or the Arena, and shall make reasonable efforts to notify parties
contracting with the Club or the Arena not to use "Gaylord Entertainment Center"
after the termination of this Agreement; provided, however, that the Club shall
have a maximum of ninety (90) days after the termination of this Agreement to
remove any references to, or displays of, the Arena Intellectual Property on the
signs or advertisements provided for in Sections 2.2 and 2.3 above, or any other
displays within the control of the Club, Powers, or LMI, the costs and expenses
of which shall be borne by the Club unless said termination results from a
Gaylord Default in which case such costs and expenses shall be borne by Gaylord.
Upon termination of this Agreement, Gaylord shall no longer refer to the
"Gaylord Entertainment Center" in its advertising and promotional materials or
any other communications by or on behalf of Gaylord.

         12.8 METRO AND AUTHORITY. Gaylord acknowledges that the Metropolitan
Government and the Authority, and their respective officers, directors,
partners, members, officials, shareholders, employees, and agents shall not be
liable or responsible for any default under or breach of this Agreement by the
Club.

SECTION 13.       INDEMNIFICATION.

         13.1 OBLIGATION OF THE CLUB TO INDEMNIFY. Subject to the opportunity to
contest in Section 13.5 hereof, the Club hereby agrees to indemnify, defend, and
hold harmless Gaylord, its affiliates, and their controlling persons, directors,
officers, employees, representatives, agents, partners, joint ventures, and
assigns from and against any Losses (as defined in Section 13.3) relating to,
based upon, or arising out of (i) any falsity or breach of any representation or
warranty or breach of any covenant or agreement made or to be performed by the
Club pursuant to this Agreement or (ii) any wrongful or negligent act or
omission of the Club or Powers occurring as a result of the Club's performance
of its obligations hereunder, Powers' performance of its obligations under the
Powers Agreement, the operation of the Nashville Predators or the Club's other
businesses, or the operation of the Arena.

         13.2 OBLIGATION OF GAYLORD TO INDEMNIFY. Subject to the opportunity to
contest in Section 13.5 hereof, Gaylord hereby agrees to indemnify, defend, and
hold the Club and Powers, and their affiliates, and their controlling persons,
directors, officers, employees, representatives, agents, partners, joint
ventures, and assigns harmless from and against any Losses relating to, based
upon, or arising out of (i) any falsity or breach of any representation or
warranty or breach of any covenant or

                                       14
<PAGE>   15
agreement made or to be performed by Gaylord pursuant to this Agreement or (ii)
any wrongful or negligent act or omission of Gaylord occurring as a result of
Gaylord's performance of its obligations hereunder, or the operation of
Gaylord's various businesses.

         13.3 DEFINITION OF "LOSSES." As used in this Agreement, the term "Loss"
or "Losses" means any and all claims, actions, suits, proceedings, demands,
assessments, judgments, losses, remedial action requirements, costs,
deficiencies, damages, fines, penalties, liabilities, or expenses (including,
but not limited to, reasonable attorneys' fees), after giving effect to
offsetting recoveries or related proceeds actually received from insurance
policies or similar arrangements or from third parties. The fact that
indemnification is being sought shall not, in and of itself, preclude any party
from contesting the liability pursuant to Section 13.5 hereof.

         13.4 NOTICE OF LOSS OR ASSERTED LIABILITY. Promptly, but not more than
ninety (90) days (or such lesser time as is reasonably necessary to allow the
indemnifying party to answer any asserted claim), after (a) becoming aware of
circumstances that have resulted in a Loss for which the party seeking
indemnification (the "Indemnitee") intends to seek indemnification under this
Section 13, or (b) receipt by the Indemnitee of written notice from any third
party of any demand, claim, or circumstance which gives rise or, with the lapse
of time, the giving of notice or both, would give rise to a claim or the
commencement of (or threatened commencement) of any action, proceeding, or
investigation (an "Asserted Liability") that may result in a Loss, the
Indemnitee shall give written notice thereof (the "Claims Notice") to the party
(or parties) obligated to provide indemnification pursuant to this Section 13
(the "Indemnifying Party"). The Claims Notice shall describe the Loss or the
Asserted Liability in reasonable detail. The Claims Notice may be amended by
written notice on one or more occasions with respect to the amount of the
Asserted Liability or the Loss at any time prior to final resolution of the
obligation to indemnify relating to the Asserted Liability or the Loss.

         13.5 OPPORTUNITY TO CONTEST. Subject to the provisions of this
Agreement, the Indemnifying Party may elect to compromise or contest, at its own
expense and by its own counsel, any Asserted Liability. If the Indemnifying
Party elects to compromise or contest such Asserted Liability, it shall within
thirty (30) days (or sooner, if the nature of the Asserted Liability so
requires) (the "Notice Period") notify the Indemnitee of its intent to do so by
sending a written Contest Notice to the Indemnitee (the "Contest Notice"), and
the Indemnitee or Indemnitees shall cooperate, at the expense of the
Indemnifying Party, in the compromise or contest of such Asserted Liability;
provided, however, that the Indemnitee shall have the right to approve, to its
reasonable satisfaction, any counsel retained in connection with such Asserted
Liability. If, within the Notice Period, the Indemnifying Party elects not to
compromise or contest the Asserted Liability, fails to notify the Indemnitee of
its election as herein provided, or contests its obligation to indemnify under
this Agreement, the Indemnitee (upon further written notice to the Indemnifying
Party) shall have the right to pay, compromise, or contest such Asserted
Liability on behalf of and for the account and risk of the Indemnifying Party,
and the Indemnifying Party shall have no further right to assume the compromise
or contest of such Asserted Liability but shall retain the right to contest its
obligation, or the extent of its obligation, to indemnify or its responsibility
for any alleged or claimed Loss. Anything in this Section 13.5 to the contrary
notwithstanding, (i) the Indemnitee shall have the right, at its own cost and
expense and for its own account without claim for reimbursement, to compromise
or contest any Asserted Liability, and (ii) the Indemnifying Party shall not,
without the Indemnitee's written consent, which consent will not be unreasonably
withheld or delayed, settle or compromise any Asserted Liability or consent to
the entry of any judgment which does not include an unconditional release of
Indemnitee from all liability in respect of such Asserted Liability. In any
event, any Indemnitee may participate, at its own expense, in the contest of
such Asserted Liability.

                                       15
<PAGE>   16
         13.6 ATTORNEYS' FEES. In the event of a dispute, the prevailing party
shall be entitled to recover its reasonable attorneys' fees, expenses, and
costs. Nothing contained herein shall be construed to alter the inclusion of
attorneys' fees, expenses, and costs in otherwise indemnifiable Losses, as
provided herein.

         13.7 EXCLUSIVE REMEDY AND LIMIT OF LIABILITY. Except for equitable
remedies, the rights and remedies of the parties set forth in this Section 13
shall be the exclusive rights or remedies available with respect to matters for
which indemnification is provided or authorized pursuant to this Agreement.

         13.8 SURVIVAL OF REPRESENTATIONS AND WARRANTIES. The representations,
warranties, covenants and agreements of the parties contained in this Agreement
shall continue throughout the Term, unless otherwise stated herein.

SECTION 14. INSURANCE. Throughout the Term, each party shall maintain, and the
Club shall cause Powers to maintain, in full force and effect, liability
insurance, written on an occurrence basis, with a combined single limit of at
least Ten Million Dollars ($10,000,000.00), which insurance shall (i) contain a
broad form contractual liability endorsement and a broad form property damage
endorsement, (ii) name the other party as an additional insured (Powers' policy
shall name Gaylord), (iii) provide that it may not be canceled, terminated,
reduced, materially changed, or allowed to expire without renewal unless at
least thirty (30) days advance notice has been given to the other party (Powers'
policy will give notice to Gaylord), (iv) be in form and with an insurer
satisfactory to the other party, and (v) if available, upon commercially
reasonable terms, contain a waiver of the insurer's rights of subrogation. Such
liability insurance shall be primary to the other party's insurance and shall
not call into contribution any insurance maintained by the other party. The
limits of such insurance shall not limit the liability of the parties. Prior to
the Commencement Date and thereafter upon written request, each party shall
furnish the other with a current certificate of insurance or, upon written
request, a certified duplicate policy evidencing the existence of the insurance
required under this Section 14.

SECTION 15.       NOTICES

         15.1 REQUIRED NOTICES. All notices, demands and other communications
between the parties required hereunder shall be in writing and deemed given upon
personal delivery, confirmed facsimile transmission ("fax"), or if sent by
certified mail, postage prepaid with a return receipt requested, to the
respective addresses and fax numbers as set forth below. Either party may
specify another address or fax number, from the one set forth below, by notice
to the other as provided herein.

         If to the Club:         Nashville Hockey Club Limited Partnership
                                 501 Broadway
                                 Nashville, TN  37203
                                 Attn:    John C. Diller or Current President

         If to Gaylord:          Gaylord Entertainment Company
                                 One Gaylord Drive
                                 Nashville, TN 37214
                                 Attn:  Joseph B. Crace
                                        or Current Chief Operating Officer

                                       16
<PAGE>   17
SECTION   16.     MISCELLANEOUS

         16.1 EXPENSES. All expenses of the preparation of this Agreement and of
the transactions provided for hereby shall be borne by the respective parties
incurring such expense, whether or not such transactions are consummated.

         16.2 CHOICE OF LAW. This Agreement shall be construed and enforced in
accordance with the laws of the State of Tennessee, without regard to the
conflicts of laws principles thereof, and the venue for any dispute arising
hereunder shall be in Davidson County, Tennessee. Furthermore, the parties agree
that the prevailing party in any such proceeding shall be entitled to recover
from the non-prevailing party its reasonable attorneys' fees, expenses and other
costs incurred in connection with any such proceeding, amounts incurred in
preparation for any such proceeding, and amounts incurred in connection with
enforcing any decision or judgment rendered in connection therewith.

         16.3 WAIVER OF JURY TRIAL. With respect to any civil action, counter
claim, cross-claim, third party claim, or proceeding, whether in law or equity,
which arises out of, concerns or relates to this Agreement, any transactions
contemplated hereunder, the performance hereof, or the relationship created
hereby, whether sounding in contract, tort, strict liability or otherwise, trial
shall be to a court of competent jurisdiction and not to a jury. Each party
hereby knowingly, voluntarily, intentionally and irrevocably waives any right
(statutory, constitutional, common law or otherwise) it may have to a trial by
jury. Any party may file an original counterpart or a copy of this Agreement
with any court as written evidence of the waiver of the other party's right to
trial by jury, no party has made or relied upon any oral representation by any
other party regarding the enforceability of this provision. Each party has read
and understands the effect of this jury waiver provision.

         16.4 CONFIDENTIALITY. Each party agrees to treat as confidential all
information regarding the other party furnished, or to be furnished, pursuant to
this Agreement, or as a part of this naming rights transaction (collectively,
the "Information"), in accordance with the provisions of this paragraph, and to
take, or abstain from taking, other actions set forth herein. The Information
will be used solely for the purpose of fulfilling each party's obligations
hereunder, and will be kept confidential by the receiving party and its
officers, directors, members, employees, representatives, agents, and advisors;
provided that (a) any of such Information may be disclosed to officers,
directors, members, employees, representatives, agents, and advisors who need to
know such Information for the purpose of fulfilling each party's obligations
hereunder, (b) the receiving party may disclose any Information to which the
disclosing party previously and expressly consents in writing, (c) Gaylord may
disclose that portion of the Information that is required to satisfy its
obligations under federal and state securities laws and regulations, and (d)
Information may be disclosed if otherwise required by law. Upon termination or
expiration of this Agreement, each party will return to the other party all
materials containing or reflecting the Information and will not retain any
copies, extracts, or other reproductions thereof. The parties hereto also agree
to hold the terms and conditions hereof in strict confidence and not to make any
disclosure with respect thereto, publicly or privately, other than as jointly
agreed to by the parties.

         16.5     RESERVATION OF RIGHTS.  Any and all rights not expressly
granted herein are reserved to the Club.

         16.6 DEFAULT RATE OF INTEREST. All amounts owed by either party under
this Agreement shall bear interest from the date due until paid at the lesser of
the maximum rate permitted under

                                       17
<PAGE>   18
Tennessee law or the Wall Street Journal Prime Rate, plus two percent, as the
same changes from time to time.

         16.7     TIME OF THE ESSENCE.  Time is of the essence as to this
Agreement and all provisions hereof.

         16.8 ACCORD AND SATISFACTION. Neither the acceptance by either party of
a lesser amount than any amount herein required to be paid, nor any endorsement
or statement on a check or an instrument accompanying payment shall be deemed an
accord and satisfaction, and either party may accept such check or payment
without prejudicing such party's right to recover all outstanding amounts due
under this Agreement and pursue all remedies available hereunder or at law or in
equity.

         16.9 ADDITIONAL ASSURANCES. From time to time after the date of this
Agreement, without further consideration and subject to the other terms of this
Agreement, the parties shall promptly execute and deliver such other instruments
and take such other actions as the other party reasonably may request to
consummate or perform the transactions and agreements contemplated hereby.

         16.10 REMEDIES CUMULATIVE. All rights and remedies of the parties shall
be cumulative, and, except as specifically contemplated otherwise by this
Agreement, none shall exclude any other right or remedy allowed at law or in
equity and said rights or remedies may be exercised and enforced concurrently.

         16.11 INTERPRETATION. If any issue arises to the meaning or
construction of any word, phrase or provision hereof, then no party shall be
entitled to the benefit of the principles of the construction and interpretation
of contracts or written instruments that provide that any ambiguity is to be
construed in favor of the party who did not draft the disputed word, phrase or
provision.

         16.12 EXHIBITS. All Exhibits and documents referred to herein or
attached to this Agreement are integral parts of this Agreement as if fully set
forth herein and all statements appearing therein shall be deemed to be
representations.

         16.13 WAIVER. No waiver by Gaylord or the Club of any covenant or
condition of this Agreement shall constitute a waiver by the waiving party of
any subsequent breach of such covenant or condition or authorize the breach or
non-observance on any other occasion of the same or any other covenant or
condition of this Agreement.

         16.14 BINDING EFFECT AND ASSIGNABILITY OF RIGHTS. This Agreement shall
be binding upon and shall inure to the benefit of the parties hereto and their
respective successors and assigns. Notwithstanding the prior sentence, no party
may assign any of its rights or obligations hereunder without the prior written
consent of the other party, except that no party may withhold its consent to an
assignment of this Agreement in the event of a merger or reorganization of a
party, a sale of all or substantially all of the assets of a party or a
consolidation of a party with any of its affiliates (as such term is defined in
Section 2.4 above) or related parties. Notwithstanding the foregoing, the Club
shall have the right to transfer, assign, convey, pledge or encumber, in whole
or in part, any and all of its rights under this Agreement as security in
connection with a loan transaction.

         16.15 ENTIRE AGREEMENT. This Agreement is an integrated contract which
contains all agreements of the parties with respect to the subject hereof. No
other prior or contemporaneous agreement or understanding pertaining to this
subject shall be effective. This Agreement may be

                                       18
<PAGE>   19
modified in writing only, signed by the parties hereto. There are no oral or
written statements, representations, agreements or understandings which modify,
amend or vary any of the terms of this Agreement. Unless the context requires
otherwise, references such as or similar to "hereof" refer to this Agreement and
the Exhibits hereto as a whole and not merely to the paragraph, section or other
subdivision in which such words appear. The singular shall include the plural
and the masculine gender shall include the feminine and the neuter, unless the
context otherwise requires. The captions and headings throughout this Agreement
are for convenience and reference only, and they shall not be deemed to define,
modify or add to the meaning, scope or intent of any provision of this
Agreement. In the event that any one or more of the phrases, sentences, clauses
or paragraphs contained in this Agreement shall be declared invalid, this
Agreement shall be construed as if it did not contain such phrase, clause or
paragraph.

         16.16 COUNTERPARTS. This Agreement may be executed in one or more
counterparts, all of which shall be considered one and the same and shall be
effective when one or more counterparts have been signed by each party and
delivered to the other parties.

                  (Remainder of Page Intentionally Left Blank)

                                       19
<PAGE>   20
         IN WITNESS WHEREOF, this Agreement has been executed as of the day and
year first written above.

                                   CLUB:

                                   NASHVILLE HOCKEY CLUB LIMITED PARTNERSHIP

                                   By:   NASHVILLE PREDATORS, LLC
                                         ITS GENERAL PARTNER

                                         By:__________________________________
                                               John C. Diller, President

                                   GAYLORD:

                                   GAYLORD ENTERTAINMENT COMPANY

                                   By:________________________________________
                                      Terry E. London, Chief Executive Officer

                                       20

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00006-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00006-of-00352.parquet"}]]