Document:

Exhibit 10.29

FIRST AMENDMENT
TO 

EMPLOYMENT
AGREEMENT 

THIS
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT ("Amendment") is made this 14th day of December, 2011,
effective as of the January 1, 2012, by and between PINNACLE
ENTERTAINMENT, INC., a Delaware corporation (the "Company"), and Virginia
E. Shanks, an individual ("Executive"), with respect to the following facts
and circumstances: 

RECITALS

The
Company and Executive entered into an Employment Agreement on November 29,
2011, effective November 15, 2011 (the "Agreement") with Executive having a
base salary of Four Hundred Fifty Thousand Dollars ($450,000) per year. 

On
December 9, 2011, the Compensation Committee of the Board of Directors of
the Company increased the Executive's base salary to Four Hundred Sixty-Five
Thousand Dollars ($465,000) per year, effective January 1, 2012. 

The
Company and Executive desire to amend the Agreement to reflect Executive's new
salary. 

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

AMENDMENT

1. Article 3, Section 3.1 of the Agreement
(Compensation) is hereby deleted in its entirety and replaced with the following
new Article 3, Section 3.1: 

"3.1
Base Salary. In consideration for Executive's services hereunder, the
Company shall pay Executive an annual base salary at the rate of Four Hundred
Sixty-Five Thousand Dollars ($465,000.00) per year during each of the years of
the Term; payable in accordance with the Company's regular payroll schedule from
time to time (less any deductions required for Social Security, state, federal
and local withholding taxes, and any other authorized or mandated similar
withholdings)." 

2. Except as modified herein, all other terms of the Agreement
shall remain in full force and effect. In the event of a conflict between the
terms of the Agreement and this Amendment, the terms of this Amendment shall
apply. No modification may be made to the Agreement or this Amendment except in
writing and signed by both the Company and Executive. 

-1-

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed this 14th
day of December, 2011 and effective as of January 1, 2012. 

	 	 	 	 	 	 	 
	EXECUTIVE	 	 	 	PINNACLE ENTERTAINMENT,
  INC.
	
       
	 	 	 	 	 	 
	
       
	 	 	 	 	 	 
	
      /s/ Virginia E. Shanks
      
	 	 	 	By: 	 	/s/ Anthony Sanfilippo
	
       
	 	 	 	 	 	 
	
      Virginia E. Shanks
    
	 	 	 	 	 	Anthony Sanfilippo, President and
	
       
	 	 	 	 	 	Chief Executive Officer

-2-PNK EX 10.30 12.31.2011

Exhibit 10.30
Summary of Director Compensation
Director Fees 
   
The compensation of the Company's non-employee directors is paid in the form of an annual retainer, meeting and chair fees and stock-based awards. The fees that each non-employee director (other than the Chairman of the Board) or committee chair, received for his service during 2011 are the following:   
		
	•
	An annual retainer of $60,000; 

		
	•
	An additional $20,000 retainer for the Chair of the Audit Committee; 

		
	•
	An additional $20,000 retainer for the Chair of the Compensation Committee; 

		
	•
	An additional $20,000 retainer for the Chair of the Corporate Governance and Nominating Committee as of May 24, 2011; prior to that date the Chair of the Corporate Governance and Nominating Committee received a $10,000 retainer; 

		
	•
	An additional $7,500 retainer for the Chair of the Risk Management Committee prior to May 24, 2011.  On May 24, 2011, the Risk Management Committee was dissolved by the Board of Directors; 

		
	•
	An attendance fee of $1,500 for each regularly scheduled Board or committee meeting, other than meetings of the Audit Committee which had a meeting fee of $2,000 per meeting and the Advisory Committee (which was formed in January 2011 and disbanded in May 2011) which had a fee of $2,000 per meeting or per day of service; and 

		
	•
	An attendance fee of $500 for each telephonic special meeting of the Board of Directors.

Director Fees Paid to the Chairman of the Board

The Chairman of the Board receives an annual retainer of $185,000.  The annual retainer paid to the Chairman of the Board was in lieu of the fees described above except that the Chairman of the Board receives fees for attending meetings of the Compliance Committee (which are $1,500 per meeting).  In addition, the Chairman of the Board served on the Advisory Committee and received $2,000 per meeting or per day of service.  
Equity Grants 
 
In 2011, Pinnacle granted to each non-employee director who was then serving 10,000 options, which were granted on the date of the 2011 Annual Meeting of Stockholders. The exercise price for each option was the closing price of Pinnacle Common Stock on the date of grant. All of the options vested immediately upon the date of grant.  In addition, Pinnacle granted to each non-employee director who was then serving 6,000 restricted stock units, which were granted and vested on the date of the 2011 Annual Meeting of Stockholders.Exhibit 10.67

 SIXTH AMENDMENT TO REDEVELOPMENT AGREEMENT 

THIS SIXTH AMENDMENT TO THE REDEVELOPMENT AGREEMENT (“Agreement”) is made and entered into
effective this 30th day of January, 2012, by and between
LAND CLEARANCE FOR REDEVELOPMENT AUTHORITY OF THE CITY OF ST. LOUIS (“LCRA”), a public body corporate and politic established pursuant to the Land Clearance for Redevelopment Authority Law of the State of Missouri and PINNACLE
ENTERTAINMENT, INC. (“Redeveloper”). 
 RECITALS 

A. On April 22, 2004, LCRA and Redeveloper entered into that certain Redevelopment Agreement which governs among
other things the development of certain real property described in the Redevelopment Agreement in the City of St. Louis, Missouri, which agreement has been amended five (5) times (collectively, the “Redevelopment Agreement”).

 B. Pursuant to the Redevelopment Agreement, Redeveloper is required to exercise reasonable best efforts to
construct a luxury condominium project associated with its luxury class hotel or one or more market-rate residential, retail or mixed-use developments within an area bounded by the Mississippi River, Biddle Street, Interstate 70 and Eads Bridge.

 C. LCRA and Redeveloper desire to provide for the investment by Redeveloper in Hammond Apartments Project
(defined herein) in partial satisfaction of its obligations described in Paragraph B above and to amend the Redevelopment Agreement as hereinafter set forth. 
 NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are acknowledged by the parties hereto, the LCRA and Redeveloper
agree to amend the Redevelopment Agreement as follows: 
 1. A new Subsection 3.12.4 is hereby added immediately
following Subsection 3.12.3. 
 PNK (Kansas), LLC, a Kansas limited liability company which is
wholly owned by Redeveloper (“PNK (Kansas)”), is entering into the Amended and Restated Limited Partnership Agreement of Hammond Apartments, L.P. dated January         , 2012 (the “Hammond
Partnership Agreement”), among Hammond Building, LLC, the general partner, St. Louis Equity Fund 2011 L.L.C., St. Louis Equity Fund 2012 L.L.C., PNK (Kansas) and Craig P. Heller. The purpose of the Partnership is to acquire the land and
improvements and rehabilitate or construct a 56-unit low income residential apartments known as the Hammond Apartments located in the area bounded by Cass Avenue, First (Main Street), Florida Street and Collins Street in the City of St. Louis,
Missouri (the “Hammond Apartment Project”). Notwithstanding anything in the Redevelopment Agreement to the contrary, subject to PNK (Kansas)’s execution and delivery of the Hammond Partnership Agreement and payment by PNK(Kansas) of
its initial contribution under the Hammond Partnership Agreement, LCRA agrees to credit towards the Fifty Million Dollar ($50,000,000) capital investment requirement in Subsection 3.12.1, an amount equal to the sum of (i) the greater of Nine
Million Eight Hundred Thousand Dollars ($9,800,000) and the actual cost of the Hammond Apartment 

 

Project, whether or not the Hammond Apartment Project is completed or completely leased, (ii) the asset management fee equal to 7.5% of the aggregate capital contributions to be invested by
PNK (Kansas) in the Partnership paid by Redeveloper to St. Louis Equity Fund in connection with the Hammond Apartment Project, and (iii) all fees and expenses of Redeveloper and PNK (Kansas) in connection with its investment in the Hammond
Apartment Project. The Hammond Apartment Project as outlined in the Partnership Agreement and exhibits, a copy of which has been delivered to the LCRA, is approved. 

2. The first sentence of Subsection 3.12.1 is hereby amended to add the following to the end: “and the area
generally bounded on the north by Florida Street, Mullanphy Street and 102-108 Mullanphy Street, on the east by N 1st Street, N 2nd Street and 102-108 Mullanphy Street, on the south by Cass Avenue and 1441-45 N. 2nd Street and on the west by Collins
Street N 2nd Street and 1458 Collins.” 
 3. Subsection 3.12.2 is hereby amended to restate the second
sentence as follows: 
 Except for the Redeveloper’s participation through PNK (Kansas) as a limited
partner in the Hammond Apartment Project, in no event shall Redeveloper seek tax abatement for any residential project which includes only renovation or rehabilitation of an existing structure. 

4. Subsection 3.12.2 is hereby amended to add the following sentence to the end of such Subsection: 

Notwithstanding anything herein to the contrary, in the event that Redeveloper would be required to pay any portion of
the Additional City Services Fees in Year One, Redeveloper may at its option pay such fee in twelve equal monthly installments on or before the last business day of each month, the first installment to be made on January 31 of the year due.

 5. As of the date of this Amendment, LCRA and Redeveloper agree that the credits toward the $50 million
capital investment requirement are: (i) the amounts in connection with the Hammond Apartment Project set forth in Subsection 3.12.4, and (ii) $2,655,000 as provided in the Second Amendment to Redevelopment Agreement dated July 21,
2005. 
 6. Except as modified and amended by this Amendment, the Redevelopment Agreement shall remain in full
force and effect in accordance with the respective terms thereof. Unless the context otherwise indicates, all other terms and conditions of the Redevelopment Agreement which are the same as or directly related to the revised terms and conditions set
out in this Amendment are similarly modified to be consistent with this Amendment. The provisions of this Amendment shall inure to the benefit of and be binding upon the parties hereto, their successors and assigns. Capitalized terms used herein and
not otherwise defined shall have the meanings ascribed to them in the Redevelopment Agreement. 
 7. This Sixth
Amendment may be executed in counterparts. 

  
 2 

 
 
 IN
WITNESS WHEREOF, the undersigned have set their hands and seals as of the date first written above. 
 [Signatures appear on next page]

  
 3 

 
 
  

			
	 LAND CLEARANCE FOR
 REDEVELOPMENT AUTHORITY

		
	By:	 	/s/ Rodney Crim
		 	Rodney Crim, Executive Director

  

			
	PINNACLE ENTERTAINMENT, INC.
		
	By:	 	/s/ John A. Godfrey
	Name:	 	John A. Godfrey
	Title:	 	 Executive Vice President,

Secretary and General Counsel

  
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