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EXHIBIT 10.29    
  

THIS
NOTE HAS NOT AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE "SECURITIES ACT") OR ANY STATE SECURITIES OR BLUE SKY LAWS AND MAY BE OFFERED AND SOLD IN THE UNITED STATES ONLY TO
PERSONS REASONABLY BELIEVED TO BE "ACCREDITED INVESTORS" AND CERTAIN INSTITUTIONAL "ACCREDITED INVESTORS" WITHIN THE MEANING OF RULE 501 (A)(1), (2), (3) OR (7) OF REGULATION D UNDER THE
SECURITIES ACT ("INSTITUTIONAL ACCREDITED INVESTORS"). THE NOTE MAY NOT BE OFFERED OR SOLD AND IS NOT TRANSFERABLE EXCEPT IN ACCORDANCE WITH THE RESTRICTIONS DESCRIBED HEREIN. PRIOR TO PURCHASING THE
NOTE, PURCHASER SHOULD CONSULT COUNSEL WITH RESPECT TO THE RESTRICTIONS ON RESALE OR TRANSFER OF THE NOTE. 

 
 

MASTER GUIDANCE LINE
  PROMISSORY NOTE    
  

	 
	 	 

	GUIDANCE LINE: $1,500,000.00	 	Las Vegas, Nevada

October 18, 2001

        FOR VALUE RECEIVED, the undersigned PDS GAMING CORPORATION, a Minnesota corporation,  PDS GAMING CORPORATION-NEVADA, a
Nevada corporation, PDS FINANCIAL CORPORATION-MISSISSIPPI, a
Mississippi corporation, and PDS GAMING CORPORATION-COLORADO, a Colorado corporation (hereinafter collectively "Borrower"), whose address is 6171 McLeod
Drive, Las Vegas, NV 89120-4048, hereby promises to pay to the order of FIRST INTERNATIONAL BANK & TRUST, a North Dakota corporation
(hereinafter "Lender"), whose address is 3001 25th Street South, Fargo, ND 58103, the aggregate principal amount of all outstanding notes made by Borrower in favor of Lender evidencing
advances made hereunder ("Advance Note"), not to exceed at any one time outstanding the aggregate principal amount of ONE MILLION FIVE HUNDRED THOUSAND AND 00/100 DOLLARS
($1,500,000.00), in lawful money of the United States with interest accruing on each Advance Note at a fixed annual rate of interest equal to the Prime Rate plus 2.5%. 

        This
Note shall mature one (1) year from the date first above written (unless extended by Lender), at which time no further
advances under the guidance line will be allowed. Each Advance Note made hereunder shall mature in accordance with its own terms. 

        The
term of each Advance Note shall not exceed the lesser of the term of the Eligible Contract(s) (as that term is defined in the Security Agreement of even date) which is (are) funded
under and Advance Note, or twenty-four (24) months. Principal and interest shall be payable monthly under each Advance Note in accordance with its own terms. 

        This
Note shall be a revolving guidance line under which Borrower may repeatedly draw (by way of Advance Notes) and repay funds, so long as no default has occurred hereunder or under the
Security Agreement or other agreement providing collateral for this indebtedness; provided that the aggregate principal balances of all Advance Notes outstanding at any one time shall not exceed  ONE MILLION FIVE HUNDRED
THOUSAND AND 00/100 DOLLARS ($1,500,000.00). If at any time prior to the maturity of this Note, this Note shall have a zero
balance owing, this Note shall not be deemed satisfied or terminated but shall remain in full force and effect for future draws unless terminated upon other grounds. 

        This
Note is executed and delivered pursuant to a SECURITY AGREEMENT of even date herewith between Lender and Borrower (the "Security
Agreement") and repayment of this Note shall be secured by the Collateral described in the Security Agreement. 

Page 1

 

        All
references herein to certain defined terms shall refer to those defined terms contained in the Security Agreement, which are incorporated into this instrument by reference. 

        As
additional security for this Note, Lender has a lien on, a continuing security interest in, and a right of setoff at any time without notice, against all property and deposit accounts
under the control of Lender (if any), which belong to Borrower or any other party to this Note. 

        In
the event that (i) any amount due under this Advance Note is reduced to judgment, (ii) Borrower is ten (10) days late in making any payment provided in an Advance
Note, or (iii) an Event of Default as defined in the Security Agreement, occurs, Borrower shall be considered in default if any of the above are not cured within ten (10) days after the
date of written notice sent by Lender to Borrower at the address set forth herein notifying Borrower of the default, after which time the total of the unpaid balance of principal and the accrued
unpaid interest (past due interest being compounded) shall then begin accruing interest at the rate stated above, plus three percent (3.00%) per annum (the "Default Rate"), until such time as all past
due payments and accrued interest are paid. At that time, the interest rate will revert to the rate stated above. Borrower acknowledges that the effect of this Default Rate provision could operate to
compound some of the interest obligations due, and Borrower hereby expressly assents to such compounding should it occur. 

        Should
the indebtedness represented by this Note, or any part hereof, be collected at law, in equity, or in any bankruptcy, receivership or other court proceeding, or this Note be placed
in the hands of any attorney for collection after default, Borrower agrees to pay, in addition to the principal and interest due hereon, all reasonable attorney fees, plus all other costs and expenses
of collection and enforcement, including any fees incurred in connection with such proceedings or collection of this Note and/or enforcement of the Lender's rights with respect to the administration,
supervision, preservation or protection of, or realization upon, and property security payment hereof. 

        The
failure of Lender to act or to exercise any right or remedy shall not in any way affect or impair the obligation of Borrower to Lender, or constitute a waiver by Lender of, or
otherwise affect any of, Lender's rights under this Note, under any endorsement or guaranty of this Note or under any document or instrument evidencing any security for payment of this Note. 

        The
invalidity or unenforceability of any one or more provisions of this Note shall in no way affect the other provisions. 

        Borrower
waives presentment, demand, protest and notice of nonpayment. 

        All
titles used in this Note are intended solely for convenience and reference; said titles shall not affect any terms, provisions, or meanings of this Note. 

        The
substantive and procedural laws of the State of North Dakota shall govern the validity, construction, interpretation, performance and enforcement of this Agreement and the parties
agree to jurisdiction in North Dakota without reference to its conflict of laws provisions. 

        The
parties hereby knowingly and voluntarily waive their right to a jury trial on any claim or cause of action based upon or arising out of, directly or indirectly, this Agreement, any
dealings between the parties relating to the subject matter hereof or thereof, and/or the relationship that is being established between the parties. The scope of this waiver is intended to be all
encompassing of any and all disputes that may be filed in any court (including, without limitation, contract claims, tort claims, breach of duty claims, and all other common law and statutory claims).
This waiver may not be modified orally, and the waiver shall apply to any subsequent amendment, renewals, supplement or modifications to this Agreement. In the event of litigation, this Agreement may
be filed as a written consent to a trial by the court. 

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        IN WITNESS WHEREOF, this Note has been executed effective this date and place above written. 

	 	 	"Borrower"
	 	 	 	 	 
	 	 	PDS GAMING CORPORATION

PDS GAMING CORPORATION-NEVADA

PDS FINANCIAL CORPORATION-MISSISSIPPI

PDS GAMING CORPORATION-COLORADO
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  JOE S. ROLSTON IV      
 Joe S. Rolston IV,

Executive Vice President and General Counsel

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EXHIBIT 10.29

MASTER GUIDANCE LINE PROMISSORY NOTEQuickLinks
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EXHIBIT 10.30    
  

"CONFIDENTIAL TREATMENT REQUESTED. CONFIDENTIAL PORTIONS OF

THIS DOCUMENT HAVE BEEN REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION."  

 
 

NONRECOURSE PROCEEDS SHARING AGREEMENT    
  

        THIS NONRECOURSE PROCEEDS SHARING AGREEMENT (the "Agreement") is
made on December 31, 2001 by and between HELLER EMX, INC., a Delaware corporation, having an office and place of business at 622 Third
Avenue, New York, New York 10017 ("Heller") and PDS GAMING CORPORATION-NEVADA, a Nevada corporation, and  PDS GAMING
CORPORATION, a Minnesota corporation, having an office and place of business at 6171 McLeod Drive, Las Vegas, Nevada 89120-4040
(collectively "PDS"). 

WHEREAS:  

        A.    PDS is the owner of various items of gaming and other equipment (the
"Equipment") more specifically described in Schedule A annexed hereto, which Equipment has been
leased by PDS to the lessees identified in Schedule A (each a "User") pursuant to a Lease Agreement and Schedule(s) thereto also described in
Schedule A for the Equipment, between PDS, as lessor, and said User, as lessee (each a "User Lease") for a term (the
"Initial Term") expiring on the date (the "Scheduled Expiration Date") set forth in Schedule A
with respect to that Equipment and User Lease (unless earlier terminated in accordance with the related User Lease). Any reference to any User or User Lease shall
be deemed to include the end users and leases of Equipment entered into with end users subsequent to the Initial Term of any User Lease (the "Availability
Date"). 

        B.    PDS financed its acquisition of each item of Equipment in part by loans (collectively, the "Senior
Debt") described in Schedule A with respect to the Equipment and PDS has granted to the senior lenders identified on Schedule A (collectively, the
"Senior Lender") security interests (collectively, the "Senior Lien") in the Equipment and in and to all
rights of PDS under the related User Lease, including all monthly rental charges due thereunder during the Initial Term except as otherwise set forth on Schedule A, in order to secure payment
of the Senior Debt and all other obligations of PDS to the Senior Lender. 

        C.    Schedule A consists of eight (8) separate Schedules, numbered A-1 through A-8, each
a separate Schedule A with respect to the Equipment, User Leases and other information described thereon, but all of which together shall constitute Schedule A hereto. 

        D.    PDS, in its normal business practices, will be the owner of various items of gaming and other equipment (the
"Future Equipment") which Future Equipment will be leased by PDS to the various lessees pursuant to Lease Agreements and Schedule(s) between PDS, as
lessor, and said User, as lessee (each a "Future User Lease") for a term (the "Initial Term") expiring
on the date (the "Scheduled Expiration Date"), set forth in an amended Schedule A, with respect to that Future Equipment and User Lease (unless
earlier terminated in accordance with the related User Lease). 

        E.    PDS may finance its acquisition of each item of Future Equipment in part by loans (collectively, the
"Future Senior Debt") with respect to the Future Equipment and PDS will grant to the senior lenders (collectively, the "Future
Senior Lender") security interests (collectively, the "Future Senior Lien") in the Future Equipment and in and to all rights of
PDS under the related User Lease, including all monthly rental charges due thereunder during the Initial Term, in order to secure payment of the Future Senior Debt and all other obligations of PDS to
the Future Senior Lender. 

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        F.    Heller and PDS desire to share the profits as calculated in accordance with Recital H  below ("Residual Profits") derived from the residual value generated by the Equipment and the Future Equipment (the
"Residual Pool") according to the terms and conditions specified herein and set forth below. PDS and Heller will agree on the contribution value of the
Equipment and Future Equipment residuals as it is contributed to the Residual Pool (the "Contribution Value"). 

        G.    Contribution Values for the Residual Pool are calculated as the aggregate of the following: (a) PDS and Heller
agree that the Contribution Value of the Equipment detailed in Schedule A as of the closing date is Two Million Six Hundred Thousand Dollars ($2,600,000.00), and (b) the Contribution
Value for
residual proceeds related to Future Equipment to be added to the Residual Pool by PDS over the next 24 months is the Estimated Residual Profit (defined below) of such Future Equipment as agreed
upon by PDS and Heller, discounted from the Scheduled Expiration Date to the User Lease commencement date using a 7% discount rate. For purposes of this Agreement, the
"Estimated Residual Profit" shall be equivalent to PDS's assumed residual, which are generally as follows: (All expressed as a percentage of original
equipment invoice cost)—For gaming devices: *** for *** month leases and *** for *** month leases; For all other equipment: *** for *** month leases and *** for *** month leases; unless
otherwise agreed upon in advance by PDS and Heller ("PDS Assumed Residual").    The PDS Assumed Residual amount shall be indicated on
Schedule A for each User Lease as the same shall be amended from time-to-time as Future Equipment is contributed to the Residual Pool. The Contribution Value for the
Future Equipment will not be less than Four Million Five Hundred Ninety Thousand Dollars ($4,590,000.00). The parties acknowledge and agree that the total Contribution Value of Equipment and Future
Equipment to be contributed by PDS to the Residual Pool as contemplated under this Agreement will be Seven Million One Hundred Ninety Thousand Dollars ($7,190,000.00). 

        H.    Residual Profits (as defined above) are calculated as the total residual proceeds derived from each User Lease in the
Residual Pool less reasonable PDS direct out-of-pocket remarketing costs and less the PDS Assumed Residual as indicated on Schedule A. In the event a User Lease, or an
item of Equipment or Future Equipment, is terminated prior to the Scheduled Expiration Date for any reason including a casualty occurrence or a User exercising an early termination option, proceeds
will also be reduced by the present value of the remaining lease payments for the Initial Term discounted at the senior debt rate or, if no financing from a Senior Lender or Future Senior Lender is
utilized, the User's cost of capital. 

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

        1.    RECITALS INCORPORATION.    The recitals set forth above are hereby incorporated into this Agreement as material
parts hereof and not as mere recitals. 

        2.    CLOSING DOCUMENTATION.    This Agreement is effective as of the date first written above. PDS agrees to send to
Heller the following: 

        (a)  This Agreement and any other documents, instruments or agreements requested by Heller to be executed and delivered by PDS
in connection or simultaneously herewith (the "Transaction Documents"); 

        (b)  True, correct and complete copies of (i) any master lease or similar agreement incorporated by reference in any
schedule constituting a User Lease, together with all riders, supplements, schedules, exhibits, UCCs, insurance certificates and addenda thereto, and all documents delivered by the User thereunder
relating to its obligations under the User Lease, including certificates of delivery and acceptance and insurance (the "User Documents"), and
(ii) all documents, agreements and instruments
creating, evidencing or perfecting the rights of any Senior Lender in connection with any Senior Debt or Senior Lien (being hereinafter collectively referred 

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to as the "Financing Documents" and together with the User Documents and the Transaction Documents, collectively as the
"Documents"); 

        (c)  For each User, copies of the most recent financial statements including balance sheets, income statements and cash flow
statements (collectively, the "Financial Statements"); and 

        (d)  Such other documents as Heller may reasonably request in order to verify the accuracy, completeness, or performance of
any of the foregoing or the representations, warranties and covenants of PDS herein, or of PDS or any other party thereto contained in any of the Documents. 

        3.    TERM.    Except as otherwise provided herein, the term of this Agreement shall commence on the date hereof and
shall continue until the liquidation of all Equipment and Future Equipment in accordance herewith. 

        4.    RESIDUAL PROFIT DISTRIBUTION SCHEDULE.    

        4.1  PDS and Heller agree that solely from the actual Residual Profit (specifically excluding interest), the Residual Profit
from the Residual Pool shall be distributed, as realized from each User Lease (on a lease by lease basis) as follows: 

        4.1.1  From the Residual Profit, Heller will receive the first Five Million Three Hundred Ninety Eight Thousand
Dollars ($5,398,000.00) plus an accretion at an annual rate of 7% on the unpaid balance of such amount calculated from the date of this Agreement until the obligations of this section are paid in
full. 

        4.1.2  From the Residual Profit, PDS shall receive the next One Million Dollars ($1,000,000.00) plus an
accretion at an annual rate of 7% on the unpaid balance of such amount calculated from the date of this Agreement until the obligations of this section are paid in full. 

        4.1.3  From the Residual Profit and after PDS has received the distribution set forth in  Section 4.1.2, PDS will receive seventy five percent (75%) of
any additional Residual Profit, and Heller will receive twenty five percent (25%)
of any additional Residual Profit. 

        4.2  In the event that Heller does not receive the distribution of Five Million Three Hundred Ninety Eight Thousand Dollars
($5,398,000.00) plus an accretion at an annual rate of 7% as set forth in Section 4.1.1 after all proceeds from Equipment and Future Equipment
have been received by Heller, PDS agrees to contribute an additional One Million Dollars ($1,000,000.00) of Future Equipment to the Residual Pool. If Heller receives the distribution of Five Million
Three Hundred Ninety Eight Thousand Dollars ($5,398,000.00) plus an accretion at an annual rate of 7% as set forth in Section 4.1.1, then this
Agreement shall be deemed completely satisfied, and PDS shall have no further obligation to contribute additional Future Equipment to the Residual Pool over the Contribution Value of Seven Million One
Hundred Ninety Thousand Dollars ($7,190,000.00) anticipated by this Agreement but, in any event, Heller will retain its twenty five percent (25%) interest in any Equipment and Future Equipment
remaining in the Residual Pool. 

        5.    FUTURE EQUIPMENT AND COLLATERAL.    

        5.1  PDS acknowledges and agrees that it must add Future Equipment to the Residual Pool over the next 24 months that
will have Contribution Value equal to Four Million Five Hundred Ninety Thousand Dollars ($4,590,000.00). PDS agrees to grant a security interest in (consistent with  Section 9.1) and provide
Documents (as defined in Section 2 (b)) to Heller relative to the
Future Equipment. 

        5.2  The Contribution Value of Future Equipment to be contributed to the Residual Pool shall be determined in accordance with
Recital G. In the event PDS and Heller cannot agree upon the 

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Contribution Value, such amount shall be determined by an independent appraiser selected by PDS and satisfactory to Heller. The cost of such appraisal shall be paid equally by each of PDS and Heller. 

        5.3  For each User Lease contributed to the Residual Pool as Future Equipment, PDS agrees to forward to Heller true, correct
and complete copies of the User Documents, Financing Documents, Financial Statements and such other
documents as Heller may reasonably request in order to verify the accuracy, completeness, or performance of any of the foregoing or the representations, warranties and covenants of PDS herein, or of
PDS or any other party thereto contained in any of the Documents. In addition, PDS agrees to forward to Heller for all User Leases updated Financial Statements on a quarterly (if available) and annual
basis until such time as all Residual Profits are realized from such User Lease and Heller no longer has an interest in the Future Equipment. 

        5.4  Subject to the terms and conditions of this Agreement, PDS hereby assigns to Heller, as of the closing date hereof, free
and clear of all liens, security interests and encumbrances, PDS' equity interest in the Pioneer Hotel, Inc. (PDS transaction number 1060-L02-01) up to a maximum amount
of Four Million Five Hundred Ninety Thousand Dollars ($4,590,000.00) (hereinafter "Future Equipment Collateral") it being understood and agreed by PDS
and Heller that the maximum amount of this Future Equipment Collateral shall be reduced pro-rata by the amount(s) of all Future Equipment added
to the Residual Pool over the next 24 months by PDS. In addition, PDS and Heller agree that consideration other than Future Equipment may be used to reduce the amount of Contribution Value of
Future Equipment to be added by PDS to the Residual Pool as contemplated by Section 5.1. PDS and Heller agree that upon PDS granting a security interest in the Contribution Value of
$4,590,000.00 of Future Equipment to Heller, Heller shall promptly release its interest in the Pioneer Hotel, Inc. transaction number 1060-L02-01. 

        6.    REPRESENTATIONS, COVENANTS AND WARRANTIES OF PDS.    

        To
induce Heller to enter into this Agreement, PDS represents, covenants and warrants that: 

        6.1  Organization. PDS Gaming Corporation-Nevada is a corporation duly
organized, validly existing and in good standing under the laws of the State of Nevada, and in each jurisdiction where the nature of its business or ownership of its properties, including the
Equipment and Future Equipment, requires such qualification, and has all corporate and other power and authority, including all applicable gaming licenses, to own the Equipment and Future Equipment
and lease it to any User and to execute, deliver and carry out the terms and conditions of this Agreement and each other Document to which it is a party. Furthermore, PDS Gaming Corporation is a
corporation duly organized, validly existing and in good standing under the laws of the State of Minnesota, and in each jurisdiction where the nature of its business or ownership of its properties,
including the Equipment and Future Equipment, requires such qualification, and has all corporate and other power and authority, including all applicable gaming licenses, to own the Equipment and
Future Equipment and lease it to any User and to execute, deliver and carry out the terms and conditions of this Agreement and each other Document to which it is a party. 

        6.2  No Conflicts. The execution and delivery of this Agreement, and any
Transaction Documents to which PDS is a party, and any instruments or documents supplemental or incidental thereto and hereto or required to be delivered hereby, and performance by PDS of its
obligations hereunder and thereunder, have been duly authorized by all required action of PDS, constitute the legal, valid and binding obligations and agreements of PDS enforceable against PDS and its
assets in accordance with their respective terms, and do not, at the date hereof, violate, conflict with, or constitute a default under, any existing law or regulation or any writ or decree of any
court or governmental agency, or any agreement or undertaking to which PDS is a party or by which it may 

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be bound, or require any consent of any person, entity, or governmental authority not obtained heretofore. 

        6.3  No Litigation. There are no judgments outstanding nor is there litigation
pending, or to PDS's knowledge, threatened, against PDS as of the date of this Agreement, which, if unsatisfied or adversely determined, would have a material adverse effect on PDS's ability to
perform its obligations hereunder or under any Documents to which PDS is a party, or impair the interests of Heller or PDS in any User Lease. 

        6.4  Tax Compliance. PDS has filed, or caused to be filed, and at all times
during the term of this Agreement shall file or cause to be filed, all tax returns required to be filed and has paid, and at all times during the term of this Agreement shall timely pay, all taxes
shown to be due and payable on said returns or on any assessment made against it, and, to the best of PDS's knowledge, there are no currently due unpaid asserted assessments of such taxes or
unassessed tax deficiencies that have been proposed or threatened against PDS by any taxing authority. No audit of any tax return of PDS is in progress, and there are not in force any agreements by
PDS for the extension of time for the assessment or payment of any tax. PDS has not taken any positions on such tax returns that are not supported by substantial authority. At all times during the
term of this Agreement, PDS shall pay or cause to be paid any and all personal property, franchise, excise, sales and use, or similar taxes levied or assessed on the Equipment and Future Equipment or
any User Lease under applicable law, including any Gaming Law applicable to PDS, the Equipment, Future Equipment or any User Lease. 

        6.5  User Leases. As to the any User Lease, PDS warrants, represents and
covenants as follows: 

        (a)  The User Lease is genuine, valid and enforceable, and there have been no amendments or extensions or waivers of any of
the terms thereof nor are there any agreements between PDS and the User relating to any Equipment or Future Equipment except as set forth in the copies of the User Lease delivered by PDS to Heller (if
any such delivery has been requested and made); 

        (b)  All equipment is located at the place described in the User Lease and has been delivered to and accepted by the User and
all on-site testing or other conditions to the payment of rent thereunder by the User have been completed; 

        (c)  Other than Jim's Enterprises, Inc. and State Line Hotel, Inc. both of which are currently in default
pursuant to Section 16.5 of their respective Master Lease Agreements, no User is in default, and PDS is not aware that any circumstance exists that, with or without the giving of notice or the
passage of time or both could constitute a default, under any User Lease. No notice has been given or received by PDS, or to the best of PDS's knowledge, User, concerning any default or event which,
with or without the giving of notice or the passage of time or both, would constitute a default under any User Lease; 

        (d)  There exist no offsets, counterclaims, rights of recoupment or other defenses to performance by the User of the User
Lease nor, to the best of PDS's knowledge, any circumstances that could give rise to any of the foregoing; and 

        6.6  Performance. Subject to the terms and conditions of this Agreement: 

        6.6.1  PDS shall not take any action, or omit to take any action that it is otherwise obligated to take, that
would cause the Equipment or Future Equipment and any User Lease to be or become subject to any mortgages, pledges, liens, charges, security interests or other encumbrances of any kind whatsoever
(except those, if any, expressly permitted under this Agreement and the Senior Lien); 

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        6.6.2  PDS shall duly perform all obligations of PDS required to be performed by PDS under any User Lease, the
Financing Documents and any Transaction Documents; 

        6.6.3  Without Heller's prior written consent, PDS shall not, except as otherwise specifically provided herein,
grant any consent provided for in any of the Documents, modify, amend or agree to any modification or amendment thereof or any waiver or extension of any of the terms and conditions thereof, in all
cases, if any such consent, modification, amendment, waiver or extension would materially adversely affect the intentions of PDS and Heller as expressed in this Agreement. 

        6.7  The Documents. Each of the User Documents and Financing Documents copies
of which have been delivered by PDS to Heller in accordance herewith: (i) are, true, correct, and complete copies of such Documents; and (ii) have been duly authorized, executed,
delivered by PDS, and to the best of PDS's knowledge each of the other parties thereto, and constitute the valid, binding and enforceable obligations of PDS, and, to the best of PDS's knowledge, each
of such parties. There are no amendments, extensions, or waivers of any of the terms or conditions of any of such Documents not reflected in the copies thereof delivered to Heller by PDS, nor are
there any agreements between or among PDS and any of the other parties thereto relating to the Equipment, Future Equipment, the User Lease or any other lease of the Equipment, Future Equipment or
interest therein. PDS is not in default under or with respect to any of its obligations under any of the User Documents or Financing Documents, nor does there exist with respect to PDS or any of such
parties any circumstance of which PDS is aware which, with or without the giving of notice or the passage of time, or both, would constitute a default thereunder, and there is no action, suit or
proceeding pending or, to the best of PDS's knowledge, threatened against PDS or, to the best of PDS's knowledge, any of such other parties, and no law or order, writ, injunction, decree, rule or
regulation binding upon PDS, or to the best of PDS's knowledge, any other party to any Documents that brings into question the validity of, or might in any way impair, the execution, delivery and
performance thereof. All consents and approvals from governmental authorities and third parties required for the execution, delivery or performance by PDS and any other party to the Documents have
been obtained heretofore. 

        6.8  Solvency; Compliance.  

         6.8.1  PDS is not insolvent, will not be rendered insolvent by reason of its performance of the terms and conditions of this Agreement,
and is and will remain able to satisfy all of its obligations as they become due. No compliance with any provisions of the Uniform Commercial Code concerning bulk sales or any
similar law applicable to PDS is required in connection with the execution and performance of this Agreement by PDS. 

        6.8.2  PDS currently has in place, and at all times during the term of this Agreement, shall maintain in full
force and effect, any and all licenses or registrations required in connection with the operation of the Equipment or Future Equipment in accordance with any applicable Gaming Laws. PDS is now, and at
all times during the term of this Agreement, shall be, in material compliance with any and all Gaming Laws applicable to PDS, the Equipment, Future Equipment and the User Leases. 

        6.9  Transferability. Without the prior written consent of Heller, PDS shall
not sell, assign, or transfer any of its rights, title or interests in and to the Equipment or Future Equipment or under the User Lease or any of the other Documents or this Agreement. 

        6.10 Senior Debt.  

         6.10.1  Senior Debt or Future Senior Debt is recourse only to, and secured only by, the Equipment or Future Equipment, as applicable,
and the User Leases and contains no cross-collateral or cross-default provisions with respect to other indebtedness of PDS nor to any 

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other Senior Debt or any other party to any Document. The grace, notice and cure, late payment penalty and other provisions under the Financing Documents are substantially consistent with those under
the associated User Lease, such that all payments under the applicable User Lease, as and when received, will equal or exceed corresponding amounts then payable in respect of the related Senior Debt.
The scheduled maturity of any Senior Debt is coterminous with or earlier than the Scheduled Expiration Date of the associated User Lease. 

        6.10.2  The periodic rents due from any User under a User Lease are sufficient to pay installments in respect of
the applicable Senior Debt as and when such installments are due and payable and to fully amortize such Senior Debt in accordance with its terms. The payments which must be made by the User in
connection with an early termination of a User Lease will be sufficient to pay all amounts which may be necessary to satisfy when due and discharge the Senior Debt with respect to any User Lease which
is terminated for any reason prior to its Scheduled Expiration Date (including, without limitation, any penalties for the prepayment thereof) and to discharge the Senior Lien with respect thereto in
full and to cover the Contribution Value associated with such Equipment or Future Equipment. Each User Lease is non-cancelable by the User for the term thereof (it being understood that a
termination provision in a User Lease will not cause the otherwise non-cancelable term thereof to be deemed cancelable if such termination provision requires that a termination or similar
payment be made which will discharge and satisfy in full the Senior Debt relating to such User Lease). 

        7.    REPRESENTATIONS, WARRANTIES AND COVENANTS OF HELLER    

        Heller
hereby represents, warrants and covenants to PDS as follows: 

        7.1  Organization. Heller EMX, Inc., is a corporation duly organized
and validly existing under the laws of the State of Delaware with its chief executive office and principal place of business located at its address provided at the head of this Agreement 

        7.2  No Conflicts. Neither (a) the execution and delivery by Heller of
this Agreement nor (b) the consummation of the transactions herein contemplated nor the fulfillment of, or compliance with, the terms and provisions hereof, will conflict with, or result in a
breach of or violation by Heller, of any law or any of the terms, conditions or provisions of the organizational documents (as amended through the date hereof) of the Heller or of any bond, debenture,
note, mortgage, indenture or other agreement or instrument to which Heller is a party or by which it or its properties may be bound, or constitute (or with the giving or notice or the passage of time
or both would constitute) a default thereunder; 

        7.3  Enforceability. This Agreement has been duly authorized, executed and
delivered by Heller, and constitutes a legal, valid and binding agreement and obligation of Heller enforceable according to its terms; 

        7.4  Quiet Enjoyment. So long as any User shall not be in default under any of
the provisions of its User Lease, Heller shall take no action to interfere with such User's quiet and peaceful possession of the Equipment or Future Equipment. 

        8.    REMARKETING OF EQUIPMENT    

        8.1  Designation as Agent. So long as no Event of Default (hereinafter
defined) or event which, with or without the giving of notice or the passage of time or both would constitute and Event of Default shall occur or be continuing and Heller hereby appoints PDS as its
exclusive agent, for the term hereof, to remarket the Equipment and Future Equipment as provided herein. For the purposes hereof "remarket" shall mean
(i) any lease of Equipment or Future Equipment or 

Page 7

 

other agreement granting to any User or any other party the right to possession or use of the subject Equipment or Future Equipment or that grants to the User an option to purchase the Equipment or
Future Equipment (provided any purchase option is at Fair Market Value or a fixed amount that, in the reasonable judgment of Heller and PDS, reflects the then anticipated Fair Market Value of the
subject Equipment or Future Equipment at the expiration of the term of the then current User Lease, or any earlier time at which that option may be exercised), or (ii) notwithstanding anything
to the
contrary in the User Lease, any sale thereof, including any installment sale, whether in the form of a lease or otherwise, or any trade-in of Equipment or Future Equipment. For the
purposes hereof "Fair Market Value" shall mean the amount that would be obtained in an arm's length transaction between informed and willing parties,
neither being under any compulsion, contractual or otherwise, to buy, sell, and/or lease the subject Equipment or Future Equipment, including the amounts so determined by any number of appraisers as
PDS and such purchaser or lessee shall appoint in the absence of agreement between them as to value. PDS accepts such appointment subject to the terms and conditions hereof and agrees to exert its
best efforts to remarket the Equipment and Future Equipment during the term hereof. 

        8.2  Power and Duties of PDS; Expenses. All day-to-day
remarketing decisions shall be made PDS in the reasonable exercise of its judgment; provided that PDS shall obtain the written consent of Heller prior to making any commitment on behalf of Heller.
Heller shall be entitled to review and approve all documentation proposed to be executed to accomplish any proposed remarketing. PDS shall remarket the Equipment and Future Equipment in a matter
consistent with its current business practices at a consideration reasonably acceptable to Heller, or, if Heller shall refuse to accept the proposed remarketing consideration, at a consideration not
less than its then Fair Market Value. PDS shall have the authority under Section 8.1 and this section to execute any and all necessary or
advisable documents to consummate any remarketing of the Equipment or Future Equipment approved in accordance herewith, including to execute leases or sales agreements. PDS shall undertake at PDS's
expense (unless such obligations are being performed by any User pursuant to any expiring or a new User Lease), all necessary deinstallation, transportation, refurbishing, reinstalling and insuring of
the Equipment or Future Equipment as may be required for the performance of any remarketing hereunder. PDS shall pay, at its own expense, all advertising, direct mail, travel expenses and commissions
payable to its employees or agents in connection with its remarketing activities hereunder. Upon any remarketing of the Equipment or Future Equipment, any costs incurred by PDS in the performance of
its remarketing activities under this Agreement, exclusive of any commissions or brokerage fees payable to PDS's employees or agents, shall be reimbursed or paid to PDS, as the case may be, from the
proceeds of the related User Lease or sales agreement prior to making any other payments to any party there from. Any reimbursement to PDS under this Agreement shall be paid wholly out of the proceeds
of the User Lease or sales agreements covering the Equipment or Future Equipment with respect to which such remarketing expenses are incurred. All Residual Profits payable to Heller hereunder shall be
paid not later than 30 business days following the date of receipt by PDS. 

        8.3  Substitution. If at any time during the term of any User Lease PDS is
required by a User pursuant to the terms of a User Lease, or requested by a User, to provide an upgrade to or exchange any item or Equipment or Future Equipment and provided at any such time no
default or event of default under the applicable User Lease shall have occurred and be continuing, then PDS, upon notice to Purchaser shall have the right and option, in lieu of continuing this
Agreement with respect to such affected Equipment or Future Equipment (the "Affected Equipment"), and, with the prior written consent of Heller and, if
prior to the Availability Date, any Senior Lender, in each case not to be unreasonably withheld or delayed, promptly replace or cause to be replaced such item of Affected Equipment with equipment
meeting the requirements of Section 8.4 below ("Replacement Equipment"). It shall not be
unreasonable for Heller to deny any required consent to a replacement under this section. 

Page 8

 

        8.4  Procedure. In the event PDS shall replace any item of Equipment or Future
Equipment pursuant to Section 8.3 above, PDS shall replace such item with Replacement Equipment in such a manner that, were title to be conveyed
in connection therewith, would satisfy the requirements of Section 1031 of the United States Internal Revenue Code of 1986, as amended, and all rules and regulations promulgated thereunder, and
such Replacement Equipment shall be free and clear of all security interests, liens, leases, claims, charges and encumbrances, other than a lease to a User or, if prior to the Scheduled Expiration
Date, the Senior Lien (so long as the Senior Debt in connection therewith is capable of being paid in full and discharged prior to the original Scheduled Expiration Date with respect to the Affected
Equipment). If Equipment or Future Equipment is replaced in accordance with Section 8.3 of this Agreement prior to the Availability Date for the
Affected Equipment, any Replacement Equipment shall have a Fair Market Value as at that Availability Date equal to or greater than that contemplated for the Affected Equipment as at such Availability
Date. If Equipment or Future Equipment is replaced in accordance with Section 8.3 of this Agreement subsequent to the Availability Date for the
Affected Equipment, any Replacement Equipment shall have a Fair Market Value at the time of replacement equal to or greater than that of the Affected Equipment immediately prior to the exercise by a
User of the option giving rise to its replacement hereunder. In the event PDS and Heller cannot agree upon the Fair Market Value, such amount shall be determined by an independent appraiser selected
by PDS and satisfactory to Heller. The cost of such appraisal shall be paid equally by each of the PDS and Heller. PDS shall give Heller at least ten (10) days' prior written notice of any
election to replace any Equipment or Future Equipment in accordance with Section 8.3 above, which notice shall include (i) a description
and statement of the Fair Market Value of each item of Affected Equipment; (ii) a description of any proposed Replacement Equipment; (iii) copies of any and all notices or correspondence
between or among PDS, any User or third party concerning the options giving rise to such election; (iv) copies of any and all leases, and other documents related to the leases or other
disposition of any proposed Replacement Equipment as well as those relating to any sale or lease of the Affected Equipment and any security interests, liens or encumbrances upon the Replacement
Equipment permitted by this section. Effective upon any replacement under Section 8.3 above, all incidents of Heller's share of the Affected Equipment ipso facto  shall cease and terminate
automatically and the Replacement Equipment shall become Equipment hereunder in the place of the Affected Equipment. 

        8.5  Upgrades. In the event that, during the term of any User Lease, additions
or upgrades are added to the Equipment or Future Equipment or, if alternatively, the Equipment or Future Equipment is, in accordance with any User Lease (e.g. following any casualty loss) replaced
with a larger system, the Residual Profit shall be allocated to the Equipment or Future Equipment by multiplying those Residual Profits by a percentage calculated as follows: 

Fair Market Value of Original Equipment or Future Equipment Configuration
  Fair Market Value of Current Equipment or Future Equipment Configuration (at the time of upgrade). 

        8.6  Administration Services. PDS accepts Heller's appointment during the term
of this Agreement to act as Heller's agent, at PDS's sole cost and expense except as otherwise provided herein: 

        (a)  Subject to the rights of any Senior Lender, to invoice, collect, account for, pay over, and report on lease payments from
lessees or other proceeds of liquidation of the Equipment or Future Equipment during the term hereof; 

        (b)  To notify Heller in the event of any default by any User in the payment or performance when due of its obligations under
a User Lease, and, subject to the rights of any 

Page 9

 

Senior Lender to serve such notice as Heller shall direct upon User in such event, and generally to act as liaison between Heller, User, and such lender in such event; 

        (c)  To arrange for and supervise maintenance and service agreements entered into with respect to the Equipment or Future
Equipment and provide that the Equipment or Future Equipment is at all times eligible for service under, and, when it is not in storage is covered by, a maintenance agreement that is standard in the
industry for such Equipment or Future Equipment; 

        (d)  To ensure that all sales, use, property, and other like taxes due with respect to the Equipment or Future Equipment or
rentals or other proceeds of remarketing due therefore are collected, accounted for, and paid over to the proper governmental agency, and report to Purchaser with respect to same; 

        (e)  To supervise and coordinate, when necessary, the obtaining of casualty, liability, and other insurance and maintain such
policies in force insuring not less than the replacement cost of the Equipment or Future Equipment and liability insurance to the same extent as required under the User Lease; 

        (f)    To act as liaison with Users, and generally to supervise and take all other actions as may be necessary to ensure that
the Equipment or Future Equipment is utilized, operated, and maintained in a manner which is proper under the circumstances, in compliance with all applicable laws, rules and regulations, and which
will not cause any owner or operator of the Equipment or Future Equipment or any interest therein, including Heller, to be in default under any agreement of which PDS is aware, or cause any insurance
policies with respect to the Equipment or Future Equipment to be canceled; and 

        (g)  Generally to perform all services with respect to the Equipment or Future Equipment which are performed customarily by
PDS in connection with the management of, and administration of leases of, other capital equipment owned or operated by it. During the term of this Agreement PDS will bear all costs of insuring,
maintaining and storing the Equipment or Future Equipment when it is not on lease to a User pursuant to a User Lease, which imposes such obligations on that User. Notwithstanding any provision in this
Agreement to the contrary, PDS shall be relieved of its obligations under this section to the extent that they are performed by a User. 

        (h)  PDS agrees to deliver to Heller an amended Schedule A as Future Equipment is contributed to the Residual Pool and,
on a quarterly basis, a report detailing the then current status of each User Lease, Equipment and Future Equipment in the Residual Pool. 

        9.    SECURITY; DEFAULT; REMEDIES.    

        9.1  Security Interest. In order to secure the prompt payment when due of all
Residual Profits to Heller by PDS and performance by PDS of all other obligations and any other amounts due or to become due to Heller under this Agreement (collectively referred to as the
"Obligations"), and subject to the limitations set forth in this Agreement respecting distributions of Residual Profits to PDS and Heller, respectively,
PDS hereby grants to Heller, subject to all mandatory provisions of law, including any applicable Gaming Laws, and further subject and subordinate only to the Senior Lien, a security interest in all
Equipment and Future Equipment (including any Replacement Equipment) and any User Lease (and any renewal or extension thereof) and all sums payable thereunder, whether as rent, late charges, damages,
termination payments, loss payments, indemnities or otherwise to the extent now owned or at any time hereafter acquired by PDS, or in which PDS now has, or at any time in the future may acquire, any
right, title or interest and wherever located, as well as, to the extent not otherwise included, all proceeds, products, substitutions and replacements thereof and therefore, including, without
limitation, any proceeds of 

Page 10

 

insurance thereon, and all causes of action, claims and warranties now or hereafter held by PDS in respect of any of the foregoing (collectively, the "Equipment
Collateral"). 

        9.2  Events of Default. The occurrence, during the continuance of this
Agreement, of one or more of the following events shall be an "Event of Default": 

        (a)  PDS shall fail to make any payment of Residual Profits hereunder when due; or 

        (b)  PDS shall fail to observe or perform any other material covenants, conditions or agreements on the part of PDS contained
herein or in any Document, or if any warranty or representation made herein or in any other Document shall prove to be false in any material respect, and any such failure shall continue unremedied or
shall not be cured for thirty (30) days after written notice thereof (or other applicable grace period provided in the relevant Document) to PDS by Heller or any other party to the Documents,
as the case may be; or 

        (c)  PDS shall fail to maintain in full force and effect any insurance required under this Agreement; or 

        (d)  PDS shall (1) apply for or consent to the appointment of a receiver, trustee or liquidator of PDS or of all or a
substantial part of its assets, (2) be unable, or admit in writing its inability, to pay its debts as they become due, (3) make a general assignment for the benefit of creditors, or
(4) file, or consent, by answer or otherwise, to the filing against it of a petition for relief or reorganization or arrangement or any other petition in bankruptcy or insolvency under the laws
of any jurisdiction; or 

        (e)  an order, judgment or decree shall be entered, without the application, approval or consent of PDS, by any court of
competent jurisdiction, approving a petition seeking reorganization of PDS, appointment of a receiver, trustee, custodian, or liquidator of PDS, or of all or a substantial part of the assets of PDS,
and such order, judgment or decree shall continue unstayed and in effect for any period of sixty (60) consecutive days. 

        9.3  Remedies upon Event of Default.  

         (a)  Upon the occurrence of any Event of Default, Heller, during the continuance of such Event of Default, at its option, may exercise one or more
of
the following remedies as well as any other remedies available at law or in equity, all of which rights and remedies shall be cumulative and nonexclusive (except as otherwise provided below) to the
extent permitted by law, but shall be exercised in each case subject to the rights of any User, so long as such User shall not be in default of its obligations under any User Lease, and subject to all
applicable laws, rules and regulations, including without limitation, all applicable Gaming Laws of any jurisdiction where the Equipment or Future Equipment is located: 

        (i)    By notice in writing, terminate all rights of PDS under Section 8  of this Agreement, whereupon all rights of PDS to liquidate the
Equipment or Future Equipment shall absolutely cease and terminate but PDS shall remain liable as hereinafter
provided; and thereupon Heller may cause PDS at its expense promptly to deliver the Equipment or Future Equipment to the possession of Heller or as it shall direct, or Heller at its option may enter
upon or cause its agent to enter upon the premises where the Equipment or Future Equipment is located and take possession of and remove such Equipment or Future Equipment; 

        (ii)  Require PDS to assemble any or all of the Equipment or Future Equipment at any location to which such Equipment or
Future Equipment may have been moved by PDS or any User in accordance with this Agreement, and/or take possession of and render unusable by PDS the Equipment or Future Equipment, wherever it may be 

Page 11

 

located, without any court order or other process of law and without liability for any damages occasioned by such taking of possession (any such taking of possession shall not prohibit Purchaser from
exercising its other remedies hereunder or otherwise available at law or in equity); 

        (iii) Proceed by appropriate court action to enforce performance by PDS of the applicable covenants and terms of this
Agreement or to recover damages for the breach thereof; 

        (iv)  Declare immediately due and payable, and PDS shall thereupon be obligated to pay as liquidated damages, not constituting
a penalty and in lieu of future Residual Profits, the amount of all then unpaid Residual Profits and any other sums accruing and amounts payable under this Agreement prior to or on, as the case may
be, and remaining unpaid as of, the date of such acceleration, subject, however, to the provisions of Section 9.4 below; and 

        (b)  A termination or cancellation of PDS' rights under Section 8  hereunder shall occur only upon written notice by Heller to PDS. Any such termination
or cancellation shall not relieve PDS from any payment or other obligations arising under
this Agreement to observe and perform all the conditions and obligations to be observed and performed by it hereunder. Heller shall have no obligation or liability under this Agreement (or any other
agreement) by reason of or arising out of this Agreement or the receipt by Heller of any payment relating hereto, nor shall Heller be obligated in any manner to perform any of the obligations of PDS
under or pursuant to this Agreement, to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by it or as to the sufficiency of any performance by any party
under Document, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been sold or assigned to it or to which it may be
entitled at any time or times 

        (c)  PDS shall be liable for all reasonable legal fees (including, without limitation, all reasonable attorney's fees and
costs) and other out-of-pocket expenses incurred by Heller by reason of any Event of Default or the exercise by Heller of its remedies hereunder. 

        (d)  If upon demand by Heller at any time after the occurrence of and during the continuance of an Event of Default, all
proceeds of liquidation, when collected by PDS, whether consisting of checks, notes, drafts, bills of exchange, money orders, commercial paper of any kind whatsoever or other documents received in
payment of any Collateral shall be promptly deposited by PDS in precisely the form received, except for its endorsement when required, in a demand deposit account maintained by or for the benefit of
Heller in Heller's name and under Heller's exclusive dominion and control at such location as Heller may designate (the "Collateral Account"), and until
so turned over shall be deemed to be held in trust by PDS for and as Heller's property, and shall not be commingled with the other funds or PDS. Each deposit of any such proceeds in the Collateral
Account shall be accompanied by information describing the source of the funds. All funds in the Collateral Account, when deposited, shall continue to be collateral security for all of the Obligations
and shall not constitute payment thereof until paid to Heller as herein provided. At any time, Heller may, without limiting any other rights and remedies available to Purchaser under this Agreement,
or under any other Document, at law, in equity or otherwise, withdraw all or any part of the funds on deposit in the Collateral Account and credit same to any or all of the Obligations in such manner
as Heller shall select, and any part of such funds which, in its sole discretion, Heller elects not so to apply and deems not required as collateral security for the Obligations shall be paid over
from time to time by Heller to PDS. In no event shall any checks, drafts or 

Page 12

 

other instruments, which are deposited into the Collateral Account pursuant hereto constitute final payment unless and until such instruments have been
collected. 

        9.4  Non-Recourse. Except for the personal liability of PDS as set
forth below in this section anything in the Agreement to the contrary notwithstanding, neither Heller nor any claimant asserting any rights derived directly or indirectly hereunder shall have any
claim, remedy or right to proceed, at law or in equity, against PDS or any trustee or beneficiary of PDS for collection of the Residual Profits payable to Heller from any source other than the
Collateral, provided that nothing in this section shall be, or shall be deemed to be, a release or impairment of any rights of Heller in and to the Residual Profits or Heller's security interest in
the Collateral, or to preclude Heller from resorting to the Collateral in the case of any default hereunder by PDS, or from enforcing its rights under this Agreement. Notwithstanding the foregoing,
PDS shall be personally liable for any claims relating to any loss, liability, or damage incurred by Heller arising out of a breach by PDS of any of its representations, warranties, covenants and
undertakings set forth herein. 

        10.    MISCELLANEOUS.    

        10.1 No Waiver. PDS agrees that no delay on the part of Heller in exercising
any power or right hereunder, or under any User Lease, shall operate as a waiver of any such power or right, preclude other or further exercise hereof, or the exercise of any other power or right. No
waiver whatever shall be valid unless in writing, signed by Heller, and then only to the extent set forth therein. 

        10.2 Governing Law. This Agreement and the rights of the parties hereto shall
be governed by the laws of the State of New York without giving effect to its principles of conflicts of law. For purposes of any action or proceeding hereunder, each of the parties hereto expressly
submits to the jurisdiction of the federal and state courts located in the State of New York and City of New York, and waives any objection to venue therein or based on the inconvenience of such
forum. 

        10.3 Successor or Assigns. Subject to the terms and conditions hereof,
including Sections 6.9 hereof, this Agreement shall be binding upon and shall inure to the benefit of the parties hereto, their respective successors
and assigns; provided that PDS shall not assign any of its rights, remedies or obligations under this Agreement without the prior written consent of Heller. 

        10.4 Captions. The captions and headings indicated herein are inserted for
convenience only and shall not be considered a part of this Agreement, nor in any way limit the construction or interpretation of this Agreement. 

        10.5 Modification. This Agreement may not be altered, modified or amended
except by a writing signed by the party against which such alteration, modification or amendment is sought. 

        10.6 Further Assurances. Promptly upon request, the parties hereto agree to
execute and deliver, or to cause to be executed and delivered, such further instruments or documents and to take such other action as may be required to effectively carry out the transactions
contemplated herein, provided the same in any case do not impose any additional liabilities or obligations upon Heller or PDS, as the case may be. PDS shall not change the address of its principal
place of business except upon not less than thirty (30) days prior notice to Heller. 

        10.7 Severability. The invalidity or unenforceability of any provision of
this Agreement shall not affect the validity or enforceability of any other provision. 

        10.8 Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same Agreement. 

Page 13

 

        10.9 Waiver of Trial by Jury. PDS and Heller hereby waive trial by jury in
all actions and proceedings arising out of or relating to this Agreement. 

        10.10Notices. All notices, consents and other communications hereunder shall
be in writing, addressed to the parties at their respective addresses set forth at the beginning of this Agreement and shall be deemed given upon receipt by personal delivery, the business day
following any notice given by facsimile (with proof of transmission) or reputable overnight carrier (with proof of delivery thereto), or three days after mailing by certified mail. Either party hereto
may change its address to which any notices, consents and other communications to such party shall be sent by written notice to the other party, as aforesaid. 

        10.11Inconsistent Agreements. The terms and conditions of this Agreement,
and the agreements of the PDS and Heller hereunder, shall control in the event of any inconsistency between such terms, conditions and agreements and any of the terms, conditions or agreements
contained in any other Document or other description of the respective rights of Heller and PDS hereunder provided therein. 

        IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered by their proper and duly authorized
officers as of the day and year first above written. 

	"HELLER"	 	"PDS"
	

 	

 	
 	

 	

 
	HELLER EMX, INC.	 	PDS GAMING CORPORATION-NEVADA
	

 	

 	
 	

 	

 
	By:	/s/  RALPH J. WILLIS      
	 	By:	/s/  PETER D. CLEARY      

	Print Name:	Ralph J. Willis
	 	Print Name:	Peter D. Cleary

	Title:	Senior Vice President
	 	Title:	President

	

 	

 	
 	

 	

 
	 	 	 	PDS GAMING CORPORATION
	

 	

 	
 	

 	

 
	 	 	 	By:	/s/  PETER D. CLEARY      

	 	 	 	Print Name:	Peter D. Cleary

	 	 	 	Title:	President

Page 14

QuickLinks

EXHIBIT 10.30

NONRECOURSE PROCEEDS SHARING AGREEMENT

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