Document:

Exhibit 10.13

CONSENT

THIS CONSENT (this “Consent”) is made this 31st day of December, 2006
by and among (i) Wells Fargo Foothill, Inc., in its capacity as administrative
agent for the Lender Group and the Bank Product Provider under the Parent
Pledge Agreement (as hereinafter defined) (together with its successors, “Agent”)
and (ii) Robert R. Black, Sr., as trustee of the Robert R. Black, Sr. Gaming
Properties Trust u/a/d May 24, 2004 (the “Black Trust”) and R. Black, Inc. a
Nevada corporation (“RBI”, and together, with the Black Trust, collectively,
jointly and severally, the “Pledgors”).

RECITALS

WHEREAS, Agent entered into that certain Credit Agreement, dated
December 20, 2004 (the “Credit Agreement”), by and among the Lenders (as
defined in the Credit Agreement), Agent, as the arranger and administrative
agent for the Lenders, Virgin River Casino Corporation, a Nevada corporation (“Virgin River”), RBG, LLC, a Nevada
limited-liability company (“RBG”),
and B & B B, Inc., a Nevada corporation (“B&BB”), Casablanca Resorts, LLC, a Nevada limited-liability
company (“CBR”), Oasis Interval Ownership LLC, a Nevada limited-liability
company (“OIO”), Oasis Recreational Properties, Inc., a Nevada corporation (“ORP”),
and Oasis Interval Management LLC, a Nevada limited-liability company (“OIM
B&BB, CBR, OIM, OIO, ORP,
RBG, and VRCC, are referred to hereinafter each individually as a “Borrower”,
and individually and collectively, jointly and severally, as the “Borrowers”);
and

WHEREAS, pursuant to the Credit Agreement, Agent and the Pledgors entered
into that certain Parent Pledge Agreement, dated December 20, 2004 (the “Parent
Pledge”); and

WHEREAS, Section 6(j) of the Parent Pledge provides that the Pledgors
shall not cause, permit, or suffer, directly or indirectly, any amendment to
the Convertible Note (as defined herein), the Convertible Note Pledge Agreement
(as defined herein), or the Convertible Note Purchase Agreement (as defined
herein) without the prior written consent of the Agent, which consent shall not
be unreasonably withheld; and

WHEREAS, the Pledgors desire to amend and restate that certain
Convertible Promissory Note, dated December 20, 2004 (the “Convertible Note”),
by RBI in favor of Gaughan, in a form substantially similar to the Amended and
Restated Convertible Promissory Note (the “Amendment”) attached hereto as Exhibit A, primarily to cause the
Black Trust to assume the obligations of RBI under the Convertible Note and
release RBI from its obligations thereunder; and

WHEREAS, Agent desires to consent to the Amendment.

NOW, THEREFORE, in consideration of the understandings hereinafter set
forth, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Agent agrees as follows:

1.               Consent to the Amendment.  Agent
hereby consents to the amendment and restatement of the Convertible Note in the
form of the Amendment.

2.               Binding on Successors.  This
Consent shall be binding upon and shall inure to the benefit of the parties and
their respective successors, and assigns and representatives.

 

3.               Headings.  The
subject headings or captions of the paragraphs of this Consent are included
only for the purposes of convenience and shall not affect the construction or
interpretation of any provisions contained herein.

[signature page to follow]

 2
 

 

IN WITNESS WHEREOF, the parties hereto have
executed this Consent on the day and year first set forth above.

 

	
  Wells Fargo Foothill, Inc., as Agent

  
	
   

  
	
  By:

  	
  /s/ Kevin P.
  Smith

  	
   

  
	
  Name:

  	
  Kevin P. Smith

  
	
  Title:

  	
  Vice President

  
	
   

  
	
   

  
	
  Robert R. Black, Sr. as
  trustee of the Robert R. Black, Sr. Gaming Properties Trust u/a/d May 24,
  2004,

  as Pledgor

  
	
   

  
	
  By:

  	
  /s/ Robert R.
  Black, Sr.

  	
   

  
	
  Name:

  	
  Robert R. Black,
  Sr.

  
	
  Title:

  	
  Trustee

  
	
   

  	
   

  
	
  R. Black, Inc., a Nevada
  corporation, as Pledgor

  
	
   

  
	
  By:

  	
  /s/ Robert R.
  Black, Sr.

  	
   

  
	
  Name:

  	
  Robert R. Black,
  Sr.

  
	
  Title:

  	
  President

  
				

 

 3
 

 

EXHIBIT A

[attached]

 4Exhibit 10.14

JOINDER TO THE BAILEE AGREEMENT

This Joinder (this “Joinder”) to the Bailee Agreement (the “Agreement”)
dated December 20, 2004 by and among WELLS FARGO FOOTHILL, INC., a California
corporation (“First Secured Party”) in its capacity as the arranger and
administrative agent for the lenders party to the Credit Agreement (as defined
in the Agreement), THE BANK OF NEW YORK TRUST COMPANY, N.A. (“Second Secured
Party”) in its capacity as collateral agent for the Secured Parties (as
defined in the VRCC Second Pledge Agreement), Nevada Title Company, as bailee
(in such capacity, “Bailee”), Robert R. Black, Sr. as the trustee of
Robert R. Black, Sr. Gaming Properties Trust u/a/d May 24, 2004 (“Black”),
R. Black, Inc. a Nevada corporation (“RBI”), and Virgin River Casino
Corporation, A Nevada Corporation (“VRCC”; Black, RBI and VRCC
collectively, jointly and severally, “Grantors” and each individually, a
“Grantor”) is made this 31st day of December 2006 , by and among the
Grantors, Black Gaming, LLC (the “Additional Grantor”), the First
Secured Party, the Second Secured Party and the Bailee.

W I  T
N  E  S  S  E  T  H:

WHEREAS,
the Grantors desire to enter into a reorganization;

WHEREAS pursuant to certain agreements related to indebtedness incurred
by certain of the Grantors, the Additional Grantor is obligated to become a
party to the Agreement as a result of the reorganization;

WHEREAS pursuant to the reorganization certain of the Pledged
Collateral, as defined in the Agreement, have been transferred as more particularly
described in Exhibit A attached hereto; and

WHEREAS the transfers of the Pledged Collateral pursuant to the
reorganization have been approved by the Nevada Gaming Authorities as required
by Section 1 of the Agreement.

 NOW,
THEREFORE, in consideration of the premises and mutual covenants herein
contained and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Additional Grantor and
Grantors hereby agrees as follows:

1.            AGREEMENT TO BE BOUND BY TERMS OF AGREEMENT.  The Additional Grantor hereby agrees that
upon execution of this Joinder, it shall become a party to the Agreement and
shall be fully bound by, and subject to, all of the covenants, terms and
conditions of the Agreement as though an original party thereto and shall be
deemed a Borrower for all purposes thereof.

2.            EXHIBIT. Exhibit
A attached hereto accurately and completely amends and restates Exhibit A
provided in the Agreement.

3.            SUCCESSORS AND ASSIGNS.  Except as otherwise provided herein, this
Joinder shall bind and inure to the benefit of and be enforceable by each of
the First Secured Party and the Second Secured Party and the respective
successors and assigns of each of them and each Additional Borrower and each of
its successors and assigns, respectively, in accordance with the terms and
conditions of the Agreement.

4.            COUNTERPARTS.  This Joinder may be executed in separate
counterparts each of which shall be an original and all of which taken together
shall constitute one and the same agreement.

 

IN WITNESS WHEREOF, the parties hereto have
executed this Joinder as of the date first above written.

 

	
  Black Gaming, LLC,

  	
   

  	
  Wells Fargo Foothill, Inc., as
  First Secured Party

  
	
  as Additional
  Grantor

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Robert R.
  Black, Sr.

  	
   

  	
   

  	
  By:

  	
  /s/ Kevin P. Smith

  	
   

  
	
  Name: Robert R.
  Black, Sr.

  	
   

  	
  Name: Kevin P. Smith

  
	
  Title:   Manager

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Virgin
  River Casino Corporation

  	
   

  	
  The Bank of New York Trust Company, N.A., 

  
	
  as Grantor

  	
   

  	
  as Second Secured Party

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Robert R. Black, Sr.

  	
   

  	
   

  	
  By:

  	
  /s/ Sandee Parks

  	
   

  
	
  Name: Robert R.
  Black, Sr.

  	
   

  	
  Name: Sandee Parks

  
	
  Title:   President

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  R.
  Black, Inc.

  	
   

  	
  Nevada Title Company, as
  Bailee

  
	
  as Grantor

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Robert R. Black, Sr.

  	
   

  	
   

  	
  By:

  	
  /s/ Troy
  Lockhead

  	
   

  
	
  Name: Robert R.
  Black, Sr.

  	
   

  	
  Name: Troy Lockhead

  
	
  Title: President

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Robert
  R. Black, Sr. Gaming Properties Trust 

  	
   

  	
   

  
	
  u/a/d
  May 24, 2004

  	
   

  	
   

  
	
  as Grantor

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Robert R. Black, Sr.

  	
   

  	
   

  	
   

  
	
  Name: Robert R.
  Black, Sr.

  	
   

  	
   

  
	
  Title: Trustee

  	
   

  	
   

  
											

 

 

EXHIBIT
A

	
  Pledgor

  	
   

  	
  Issuer

  	
   

  	
  Number of 

  Shares/Units

  	
   

  	
  Class

  	
   

  	
  Certificate 

  Number

  	
   

  	
  Pledgor’s

  Percentage 

  Ownership 

  Represented 

  by the

  Certificate

  	
   

  	
  Pledgor’s 

  Total

  Percentage

  Ownership 

  in Issuer

  	
   

  
	
  Black Gaming,
  LLC

  	
   

  	
  Virgin
  River Casino Corp.

  	
   

  	
  100
  shares

  	
   

  	
  Common
  Stock

  	
   

  	
  16

  	
   

  	
  100

  	
  %

  	
  100

  	
  %

  
	
  Black Gaming, LLC

  	
   

  	
  B
  & B B, Inc.

  	
   

  	
  16.75
  shares

  	
   

  	
  Common
  Stock

  	
   

  	
  II-03

  	
   

  	
  100

  	
  %

  	
  100

  	
  %

  
	
  R. Black, Inc.

  	
   

  	
  RBG,
  LLC

  	
   

  	
  N/A

  	
   

  	
  Membership
  Interests

  	
   

  	
  3

  	
   

  	
  100

  	
  %

  	
  5.47

  	
  %

  
	
  Virgin River Casino
  Corporation

  	
   

  	
  RBG,
  LLC

  	
   

  	
  N/A

  	
   

  	
  Membership
  Interests

  	
   

  	
  22

  	
   

  	
  100

  	
  %

  	
  94.53

  	
  %

  
	
  R. Black, Sr. as the trustee of Robert R. Black, Sr. Gaming
  Properties Trust u/a/d May 24, 2004

  	
   

  	
  Black Gaming, LLC

  	
   

  	
  6602 units

  	
   

  	
  Units

  	
   

  	
  2

  	
   

  	
  662/3

  	
  %

  	
  99.03

  	
  %

  
	
  Virgin River Casino Corporation

  	
   

  	
  R. Black, Inc.

  	
   

  	
  100 shares

  	
   

  	
  Common Stock

  	
   

  	
  3

  	
   

  	
  100

  	
  %

  	
  100

  	
  %

  

 

 

ACKNOWLEDGEMENT

The undersigned
hereby acknowledge receipt of the following stock certificates and
corresponding stock powers:

	
  Issuer

  	
   

  	
  Pledgor

  	
   

  	
  Number of

  Share/Units

  	
   

  	
  Class of

  Interests

  	
   

  	
  Pledgor’s %

  Ownership

  Respresented

  by the

  Certificate

  	
   

  	
  Certificate

  Nos.

  	
   

  	
  Pledgor’s

  Total %

  Ownership

  Interest in

  Issuer

  	
   

  
	
  B & B B,
  Inc.

  	
   

  	
  Black
  Gaming, LLC

  	
   

  	
  16.75
  shares

  	
   

  	
  Common
  Stock

  	
   

  	
  100

  	
  %

  	
  II-03

  	
   

  	
  100

  	
  %

  
	
  Virgin River Casino
  Corporation

  	
   

  	
  Black
  Gaming, LLC

  	
   

  	
  100
  shares

  	
   

  	
  Common
  Stock

  	
   

  	
  100

  	
  %

  	
  16

  	
   

  	
  100

  	
  %

  
	
  RBG, LLC

  	
   

  	
  R.
  Black, Inc.

  	
   

  	
  N/A

  	
   

  	
  Membership
  Interests

  	
   

  	
  100

  	
  %

  	
  21

  	
   

  	
  5.47

  	
  %

  
	
  RBG, LLC

  	
   

  	
  Virgin
  River Casino Corporation

  	
   

  	
  N/A

  	
   

  	
  Membership
  Interests

  	
   

  	
  100

  	
  %

  	
  22

  	
   

  	
  94.53

  	
  %

  
	
  Black Gaming, LLC

  	
   

  	
  R. Black, Sr. as the
  trustee of Robert R. Black, Sr. Gaming Properties Trust u/a/d May 24, 2004

  	
   

  	
  6602 units

  	
   

  	
  Units

  	
   

  	
  662/3

  	
  %

  	
  2

  	
   

  	
  99.03

  	
  %

  
	
  R. Black, Inc.

  	
   

  	
  Virgin River Casino
  Corporation

  	
   

  	
  100 shares

  	
   

  	
  Common Stock

  	
   

  	
  100

  	
  %

  	
  3

  	
   

  	
  100

  	
  %

  

 

The undersigned also hereby agrees that it is
holding such certificates and powers as bailee for WFF as first secured party
and BONY, as second secured party, pursuant to that certain Bailee Agreement,
dated as of December 20, 2004, by and among WFF as first secured party, BONY as
second secured party, Nevada Title Company, Robert R. Black Sr., as trustee of
Robert R. Black, Sr. Gaming Properties Trust u/a/d May 24, 2004, R. Black,
Inc., Virgin River Casino Corporation and Black Gaming, LLC.

	
  Date: December 31, 2006

  	
   

  	
  Nevada Title Company, as Bailee

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
         /s/ Troy
  Lockhead

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Troy Lockhead

  	
   

  
	
   

  	
   

  	
   

  	
  Title: Vice President

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