Document:

First Amendment to Construction Management and General Contractor's Agreement

 Exhibit 10.2 
 FIRST AMENDMENT TO CONSTRUCTION MANAGEMENT AND GENERAL 
 CONTRACTOR’S AGREEMENT 

This First Amendment to Construction Management and General Contractor’s Agreement (“Amendment”), dated to be effective as of
March 11, 2008, is made by and between HRHH Hotel/Casino, LLC and HRHH Development, LLC, each Delaware limited liability companies (collectively, “Owner”) and MJ Dean Construction, Inc., a Nevada corporation (“Contractor”)
(collectively, “Parties”). 
 RECITALS 
 A. The Parties entered into that certain Construction Management and General Contractor’s Agreement dated February 22, 2008 (the “Agreement”). 
 B. The Parties desire to amend the Agreement as set forth below. 
 AGREEMENT 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereby amend the Agreement as follows: 
 1. Defined Terms. Unless otherwise defined
herein, all capitalized terms used in this Amendment shall have the meaning given such terms in the Agreement. Unless the context otherwise indicates, all references herein to the Agreement shall include this Amendment. 
 2. Section 3.7. Section 3.7 of the Agreement is deleted and replaced with the following: 
 (a) Owner and Contractor agree that for purposes of paying Contractor’s Share of Savings (as both terms are defined in Subsection 3.7(b)), Owner may
group together certain Work Authorizations (individually, a “Work Authorization Group” or collectively, “Work Authorization Groups”). The following Work Authorization Groups are currently contemplated: (1) Central Plant,
Drainage Channel, Onsite and Offsite Utilities; (2) North Tower, Meeting Rooms, Joint, South Parking Garage; and (3) South Tower / Podium, Pedestrian Realm and Off-Site Improvements, and Casino Expansion. The Parties may, subject to their
mutual written agreement, amend the Work Authorization Groups and/or create additional Work Authorization Groups. Contractor agrees that Contractor’s Share of Savings with regard to any Work included in a Work Authorization Group shall not be
payable by Owner to Contractor until sixty (60) days after Final Completion of the Work performed under all Work Authorizations included in the 

 
applicable Work Authorization Group. Contractor also agrees that for purposes of paying Contractor’s Share of Savings related to Work Authorizations not
included in a Work Authorization Group, Subsection 3.7(b) shall govern. 
 (b) If, upon Final Completion of the Work portion of a Work
Authorization under circumstances where Owner shall have elected to proceed on the basis of a Guaranteed Maximum Cost, the aggregate of the actual Subcontract Costs and General Conditions Costs incurred by Contractor for the Work performed under the
Work Authorization, as determined to Owner’s satisfaction at the time and in the manner set forth in subparagraph 3.7(c) below, shall be less than that set forth in the Guaranteed Maximum Cost (exclusive of any unused Contractor Controlled
Contingency and Owner Controlled Contingency and Allowances), as the same may be increased by Change Orders (the “Guaranteed Costs”), then, in such event, Contractor shall be entitled to share in the difference (the “Savings”)
between said Guaranteed Costs and the aggregate of the actual Subcontract Costs and General Conditions Costs incurred by Contractor, in an amount (“Contractor’s Share”) equal to forty percent (40%) of such Savings, which
Contractor’s Share shall be payable by Owner to Contractor within sixty (60) days after Final Completion of the Work performed under the applicable Work Authorization. 
 (c) To permit the proper calculation of Savings, at the time Contractor submits its final application or Requisition to Owner for the subject Work
Authorization, Contractor also shall submit to Owner (and, if requested by Owner, to those members of the Design Team as may be designated by Owner) for review and certification an accounting statement, in form acceptable to Owner, detailing the
calculation and itemization of Costs to determine the Savings under Section 3.7 hereof. If Owner disputes the accuracy of the amounts contained in such accounting statement, Owner shall, within fifteen (15) days following its receipt,
submit the same for auditing to a certified public accountant designated by Owner, and the determination by such public accountant of the correct amounts shall be final and binding on the parties. If, based upon the accounting statement and any
audit thereof by Owner, it shall be determined that there shall be Savings, then, in such event, Contractor’s Share of such Savings shall be paid by Owner to Contractor in accordance with the provisions of Subsection 3.7 above. 
  

 —2— 

 3. Section 20.1(a). Section 20.1(a) of the Agreement is deleted and replaced with the
following: 
 (a) Owner and Contractor agree that, notwithstanding the provisions of ARTICLE 3 and ARTICLE 4 hereof, Owner may elect to
have the Project or any Phase thereof performed by one or more Guaranteed Maximum Costs as set forth in Work Authorizations approved in advance and in writing by Owner and shall be subject to Lender approval. The term “Guaranteed Maximum
Cost” shall mean the Costs of the Work (as defined in Section 4.1), plus Contractor Controlled Contingency and Owner Controlled Contingency (as such terms are defined in Section 3.5), plus the Contractor’s Fixed Fee (as defined
in Section 3.3) guaranteed by the Contractor not to exceed the amount stated in the applicable Work Authorization. Accordingly, after the date on which the Construction Documents for the subject Project Phase are eighty percent
(80%) complete for filing with the appropriate Governmental Authority so as to commence the permit application process or are sufficiently complete to enable Contractor to award Subcontracts for the major trades (all as determined by Owner),
Contractor shall submit to Owner a statement for the Guaranteed Maximum Cost for such Project Phase, which statement shall be broken down in such detail as Owner reasonably may request and shall include (i) the Subcontract Costs and Self
Performed Work Costs to be incurred by Contractor for the proposed Work; (ii) all General Conditions Costs and Reimbursable Costs for the proposed Work; (iii) the Fixed Fee to be incurred; (iv) the Contingency in the amount set forth
in Section 3.5 hereof; (v) the Progress Schedule as set forth in ARTICLE 6 (vi) the daily liquidated damages amount and cap; (vii) the OCIP reconciliation; and (viii) the Contractor’s list of assigned supervisory
personnel and list of Subcontractors. Such submission shall be supported by a detailed estimate, clearly indicating and itemizing the cost and scope of each element of the proposed Work, consistent in format with previous submissions of the
construction budget, anticipated cost reports and other cost estimates submitted to Owner and clearly indicating and justifying any changes thereto. 
 4. Inconsistencies; No Other Changes. In the event of any inconsistency between the terms and provisions of this Amendment and the terms and provisions of the Agreement, the terms and provisions hereof shall
control. Owner and Contractor agree that there are no other changes to the Agreement, and the Agreement, as amended hereby, remains in full force and effect. 
  

 —3— 

 5. Effectiveness. This Amendment shall be effective as of the date specified above. 
 6. Counterparts. This Amendment may be executed in counterparts, each of which shall be fully effective as an original, and all of which together
shall constitute one and the same instrument. 
  

			
	 OWNER:
  
 HRHH HOTEL/CASINO, LLC,
     a Delaware limited liability
company

		
	By:	 	 /s/ BRIAN FEIGENBAUM

	Name:	 	Brian Feigenbaum
	Title:	 	Authorized Agent for HRHH Hotel/Casino, LLC
	
	 HRHH DEVELOPMENT, LLC,
     a Delaware limited liability company

		
	By:	 	 /s/ BRIAN FEIGENBAUM

	Name:	 	Brian Feigenbaum
	Title:	 	Authorized Agent for HRHH Development, LLC
	
	 CONTRACTOR:
  
 M.J. DEAN CONSTRUCTION, INC.
     a Nevada corporation

		
	By:	 	 /s/ WILLIAM MOORE

	Name:	 	William Moore
	Title:	 	V.P. Operations

  

 —4—First Amendment to Warrant Agreement

 EXHIBIT 4.5 
 FIRST AMENDMENT TO WARRANT AGREEMENT 
 This FIRST AMENDMENT (this “Amendment”) to the WARRANT AGREEMENT (the
“Warrant Agreement”) dated as of March 20, 2008, between Raycliff Acquisition Corp., a Delaware corporation (the “Company”), and Continental Stock Transfer & Trust Company, a New York
corporation, as Warrant Agent (the “Warrant Agent”), is dated as of May 7, 2008. Capitalized terms used herein which are not herein defined shall have the meaning ascribed thereto in the Warrant Agreement. 
 WHEREAS, the Company and the Warrant Agent are parties to that certain Warrant Agreement whereby the Warrant Agent and the Company agreed for the Warrant Agent to
act on behalf of the Company in regards to the (i) 6,000,000 warrants to be offered in a private placement by the Company (the “Insider Warrants”), and (ii) up to 23,000,000 warrants to be offered pursuant to a
registration statement filed by the Company with the Securities and Exchange Commission (the “Public Warrants” and together with the Insider Warrants, the “Warrants”), which in each case entitle the
holders thereof to purchase shares of common stock of the Company, $0.0001 par value per share (“Common Stock,” and the Common Stock issuable on exercise of the Warrants, the “Warrant Shares”); and

 WHEREAS, the Company and the Warrant Agent desire to make certain clarifying amendments and technical corrections to the Warrant Agreement as set
forth herein, all in accordance with Section 18 of the Warrant Agreement. 
 NOW, THEREFORE, in consideration of the foregoing, the Company and
the Warrant Agent hereby agree as follows: 
  

	 	1.	Amendment to Section 5. Section 5(a) of the Warrant Agreement is hereby amended by inserting the following language immediately following the word “removed” at the
end of the paragraph: 

  

	 	    	“(provided that this condition (a) only applies in the case of Warrant Shares issued upon the exercise of any Public Warrants)” 	 

  

	 	2.	Amendments to Section 6. 

 (a) Section 6 of
the Warrant Agreement is hereby amended by inserting the word “final” into subsection (A) of the paragraph describing the commencement of the Warrant Exercise Period, immediately preceding the word “prospectus.” 

(b) Section 6(d) of the Warrant Agreement is hereby amended by deleting the fourth sentence of such section in its entirety and replacing
such sentence with following: 
  

	 	    	“In no event shall the Company be required to issue unregistered shares upon the exercise of any Public Warrant or settle any Warrants on a net cash basis.” 	 

  

	 	3.	Warrant Certificate. The form of certificate evidencing the Warrants (the “Warrant Certificate”) attached as Exhibit A to the Agreement is hereby amended and
restated in its entirety by the form of Warrant Certificate attached as Exhibit A hereto, and all references in the Agreement to the Warrant Certificate shall mean the Warrant Certificate as amended and restated hereby.

  

	 	4.	 Governing Law. This Amendment shall be deemed to be a contract made under the laws of the State of New York and for all purposes shall be construed in accordance with
the internal laws of said State. The parties agree that all actions and proceedings arising out of this Amendment, or any of the transactions contemplated hereby, shall be brought in the United States District Court for the Southern District of New
York or in a New York State Court in the County of New York and, in connection with any such action or proceeding, to submit to the jurisdiction of, and venue in, such court. Each of the parties hereto also irrevocably waives all right to trial by
jury in any 

	 	 
action, proceeding or counterclaim arising out of this Amendment or the transactions contemplated hereby. 

 [Signature page follows] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed, as of the day and year first
above written. 
  

			
	RAYCLIFF ACQUISITION CORP.
		
	By:	 	/s/ Stefan Reyniak
	Name:	 	Stefan Reyniak
	Title:	 	Vice President
		 	

  

			
	CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as Warrant Agent
		
	By:	 	/s/ John W. Comer, Jr.
	Name:	 	John W. Comer, Jr.
	Title:	 	Vice President
		 	

 Signature Page to the First Amendment to the Warrant Purchase Agreement 
  

 EXHIBIT A 
 FORM OF WARRANT CERTIFICATE 
  

			
	 Number
	  	Warrants

 THIS WARRANT WILL BE VOID IF NOT EXERCISED PRIOR TO 
 5:00 P.M. NEW YORK CITY TIME,                     ,
2012 
 RAYCLIFF ACQUISITION CORP. 
 Incorporated Under the Laws of the State of Delaware 
 CUSIP
[                    ] 
 Warrant
Certificate 
 This Warrant Certificate certifies that
                        , or registered assigns, is the registered holder of
                     warrants (as adjusted, the “Warrants”) to purchase shares of Common Stock, $0.0001 par value (the
“Common Stock”), of Raycliff Acquisition Corp., a Delaware corporation (the “Company”). Each Warrant entitles the holder, upon exercise during the period set forth in the Warrant Agreement referred to
below, to receive from the Company that number of fully paid and nonassessable shares of Common Stock (each, a “Warrant Share”) as set forth below, at the exercise price (the “Exercise Price”) as
determined pursuant to the Warrant Agreement, payable in lawful money of the United States of America upon surrender of this Warrant Certificate and payment of the Exercise Price at the office or agency of the Warrant Agent referred to below,
subject to the conditions set forth herein and in the Warrant Agreement. Defined terms used in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement. 
 Each Warrant is initially exercisable for one fully paid and non-assessable share of Common Stock. The number of Warrant Shares issuable upon exercise of the Warrants are subject
to adjustment upon the occurrence of certain events set forth in the Warrant Agreement. The initial Exercise Price per share of Common Stock for any Warrant is equal to $7.50 per share. The Exercise Price is subject to adjustment upon the occurrence
of certain events set forth in the Warrant Agreement. 
 Warrants may be exercised only during the Warrant Exercise Period subject to the conditions set forth in the
Warrant Agreement and to the extent not exercised by the end of such Warrant Exercise Period such Warrants shall become void. 
 Reference is hereby made to the
further provisions of this Warrant Certificate set forth in this Warrant Certificate and such further provisions shall for all purposes have the same effect as though fully set forth at this place. 
 This Warrant Certificate shall not be valid until execution of the Warrant Agreement by the Company and the Warrant Agent. In addition, this Warrant Certificate shall not be valid
unless countersigned by the Warrant Agent, as such term is used in the Warrant Agreement. 
 This Warrant Certificate shall be governed and construed in accordance
with the internal laws of the State of New York, without regard to conflicts of laws principles thereof. 
 The Warrants evidenced by this Warrant Certificate are part
of a duly authorized issue of Warrants entitling the holder on exercise to receive shares of Common Stock and are issued or to be issued pursuant to a Warrant Agreement effective as of
                        , 2008 (the “Warrant Agreement”), duly executed and delivered by the
Company to Continental Stock Transfer & Trust Company, a New York corporation, as warrant agent (the “Warrant Agent”), which Warrant Agreement is hereby incorporated by reference in and made a part of this instrument
and is hereby referred to for a description of the rights, limitation of rights, obligations, duties and 

 
immunities thereunder of the Warrant Agent, the Company and the holders (the words “holders” or “holder” meaning the
registered holders or registered holder) of the Warrants. A copy of the Warrant Agreement may be obtained by the holder hereof upon written request to the Company. Defined terms used in this Warrant Certificate but not defined herein shall have the
meanings given to them in the Warrant Agreement. 
 Warrants may be exercised at any time during the Warrant Exercise Period set forth in the Warrant Agreement. The
holder of Warrants evidenced by this Warrant Certificate may exercise them by surrendering this Warrant Certificate, with the form of election to purchase set forth hereon properly completed and executed, together with payment of the Exercise Price
as specified in the Warrant Agreement (or through “cashless exercise” if permitted or required by the Warrant Agreement) at the principal corporate trust office of the Warrant Agent. In the event that upon any exercise of Warrants
evidenced hereby the number of Warrants exercised shall be less than the total number of Warrants evidenced hereby, there shall be issued to the holder hereof or his assignee a new Warrant Certificate evidencing the number of Warrants not exercised.
No adjustment shall be made for any dividends on any Common Stock issuable upon exercise of this Warrant. 
 Notwithstanding anything else in this Warrant Certificate
or the Warrant Agreement, no Warrant may be exercised unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise is effective under the Act and (ii) a prospectus thereunder relating
to the Warrant Shares is current. In no event shall the Company be required to issue unregistered shares upon the exercise of any Warrant, unless such Warrant is an Insider Warrant (as defined in the Warrant Agreement). 
 The Warrant Agreement provides that upon the occurrence of certain events the number of Warrant Shares set forth on the face hereof may, subject to certain conditions, be
adjusted. If, upon exercise of a Warrant, the holder thereof would be entitled to receive a fractional interest in a share of Common Stock, the Company will, upon exercise, round up or down to the nearest whole number of shares of Common Stock to be
issued to the Warrant holder. 
 Warrant Certificates, when surrendered at the principal corporate trust office of the Warrant Agent by the registered holder thereof
in person or by legal representative or attorney duly authorized in writing, may be exchanged, in the manner and subject to the limitations provided in the Warrant Agreement, but without payment of any service charge, for another Warrant Certificate
or Warrant Certificates of like tenor evidencing in the aggregate a like number of Warrants. 
 Upon due presentation for registration of transfer of this Warrant
Certificate at the office of the Warrant Agent, a new Warrant Certificate or Warrant Certificates of like tenor and evidencing in the aggregate a like number of Warrants shall be issued to the transferee(s) in exchange for this Warrant Certificate,
subject to the limitations provided in the Warrant Agreement, without charge except for any tax or other governmental charge imposed in connection therewith. 
 The
Company and the Warrant Agent may deem and treat the registered holder(s) thereof as the absolute owner(s) of this Warrant Certificate (notwithstanding any notation of ownership or other writing hereon made by anyone), for the purpose of any
exercise hereof, of any distribution to the holder(s) hereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary. Neither the Warrants nor this Warrant Certificate entitles any
holder hereof to any rights of a stockholder of the Company. 
 The Company may call the Warrants, other than the Insider Warrants held by the Sponsor or a Permitted
Transferee, for redemption, in whole and not in part, at a price of $0.01 per Warrant, upon not less than 30 days prior written notice of redemption to each Warrant holder, at any time after such Warrants have become exercisable pursuant to
Section 6(a) of the Warrant Agreement, if, and only if, (i) the Closing Price has equaled or exceeded $13.75 per share for any 20 trading days within a 30-trading-day period ending on the third Business Day prior to the notice of
redemption to the Warrant holders and (ii) at all times between the date of such notice of redemption and the redemption date a registration statement is in effect covering the Warrant shares issuable upon exercise of the Warrants and a current
prospectus relating to those Warrant shares is available. If the Company elects to call the Warrants for redemption, it may require all holders that wish to exercise Warrants to do so on a cashless basis as described in Section 6(c) of the
Warrant Agreement. 
 [Signature page follows] 
  

 IN WITNESS WHEREOF, the undersigned have executed this Warrant Certificate as of the date hereof. 
  

			
	RAYCLIFF ACQUISITION CORP.
		
	By:	 	 
	Name:	 	 
	Title:	 	President
		
	By:	 	 
	Name:	 	 
	Title:	 	Secretary

  

							
	 Countersigned:
	 		 	
	 Dated:
	 	 	 	,	 	2008
	 CONTINENTAL STOCK TRANSFER & TRUST COMPANY,

	 as Warrant Agent

		
	By	 	 
		 	  
 Authorized Signatory
  

 Election to Purchase 
 (To Be Executed Upon Exercise Of Warrant) 
 The undersigned hereby irrevocably elects to exercise the right, represented by this Warrant
Certificate, to receive                      shares of Common Stock and herewith tenders payment for such shares to the order of Raycliff
Acquisition Corp. in the amount of $                 in accordance with the terms hereof. The undersigned requests that a certificate for such shares be
registered in the name of                             , whose address is
                     and that such shares be delivered to
                     whose address is
                    . If said number of shares is less than all of the shares of Common Stock purchasable hereunder, the undersigned requests
that a new Warrant Certificate representing the remaining balance of such shares be registered in the name of                     , whose
address is                     , and that such Warrant Certificate be delivered to
                    , whose address is
                    . 
 In the event that
the Warrant has been called for redemption by the Company pursuant to Section 6(b) of the Warrant Agreement and the Company has required cashless exercise pursuant to Section 6(b) of the Warrant Agreement, the number of shares that this
Warrant is exercisable for shall be determined in accordance with Section 6(c) of the Warrant Agreement. 
 In the event that the Warrant is an
Insider Warrant (as defined in the Warrant Agreement), this Warrant may be exercised, to the extent allowed by the Warrant Agreement, through cashless exercise pursuant to Section 6(c) of the Warrant Agreement, in which case (i) the number
of shares that this Warrant is exercisable for would be determined in accordance with Section 6(c) of the Warrant Agreement and (ii) the holder hereof will complete the following: The undersigned hereby irrevocably elects to exercise the
right, represented by this Warrant Certificate, through the cashless exercise provisions of Section 6(c) of the Warrant Agreement, to receive
                     shares of Common Stock. If said number of shares is less than all of the shares of Common Stock purchasable hereunder
(after giving effect to the cashless exercise), the undersigned requests that a new Warrant Certificate representing the remaining balance of such shares be registered in the name of
                    , whose address is
                    , and that such Warrant Certificate be delivered to
                    , whose address is
                    . 
  

															
								
	Date:	 	 	 	,	 	20	 	 	 		 		 	 
		 		 		 		 		 		 		 	(Signature)
								
		 		 		 		 		 		 		 	 
								
		 		 		 		 		 		 		 	 
								
		 		 		 		 		 		 		 	 
		 		 		 		 		 		 		 	 (Address)

								
		 		 		 		 		 		 		 	
								
		 		 		 		 		 		 		 	 
		 		 		 		 		 		 		 	 (Tax Identification Number)

 Signature Guaranteed: 
  

															
				
	 	 		 		 	

 THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN
ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15).

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