Document:

Exhibit

Exhibit 10.15

THIRD AMENDMENT TO 
EMPLOYMENT AGREEMENT
THIS THIRD AMENDMENT TO EMPLOYMENT AGREEMENT (“Third Amendment”) is made effective the 29th day of November, 2017 (the “Effective Date”) by and between Pinnacle Entertainment, Inc., a Delaware corporation (the “Company”), and Neil E. Walkoff, an individual (“Executive”), with respect to the following facts and circumstances:
RECITALS

The Company and Executive entered into an Employment Agreement on October 13, 2014 (the “Original Agreement”), which was amended by the First Amendment to Employment Agreement effective January 1, 2016 and the Second Amendment to Employment Agreement effective January 1, 2017 (collectively, with the Original Agreement, the “Employment Agreement”).  

The Company and Executive desire to amend the Employment Agreement pursuant to the terms set forth herein.

NOW, THEREFORE, in consideration of the mutual promises, covenants and agreements set forth herein, the parties hereto agree as follows:
AMENDMENT
1.    As of the Effective Date, Article 2, Section 2.1 of the Employment Agreement (Duties) is hereby deleted in its entirety and replaced with the following new Article 2, Section 2.1:

“2.1    Duties.  Executive shall perform all the duties and obligations generally associated with the position of Executive Vice President, Operations with responsibility for oversight of River City Casino & Hotel (St. Louis, Missouri), Ameristar Casino Resort Spa St. Charles (St. Charles, Missouri), Boomtown New Orleans (Harvey, Louisiana), Ameristar Casino Hotel East Chicago (East Chicago, Indiana), Belterra Casino Resort (Florence, Indiana), Belterra Park Gaming & Entertainment Center (Cincinnati, Ohio), The Meadows Racetrack and Casino (Washington, Pennsylvania) and Ameristar Casino Hotel Vicksburg (Vicksburg, Mississippi) and such other properties as may be assigned from time to time by the Company’s Chief Executive Officer, subject to the control and supervision of the Company's Chief Executive Officer, and such other executive duties consistent with the foregoing as may be assigned to Executive from time to time by the Company.  Executive shall report directly to the Company’s Chief Executive Officer.    Executive shall perform the services contemplated herein faithfully, diligently, to the best of Executive’s ability and in the best interests of the Company.  Executive shall at all times perform such services in compliance with, and to the extent of Executive’s authority, shall to the best of Executive’s ability cause the Company to be in compliance with, any and all laws, rules and regulations applicable to the Company of which Executive is aware.  Executive shall, at all times and in all material respects adhere to and obey any and all written internal rules and regulations governing the conduct of the Company’s employees, as established or modified from time to time; provided, however, in the event of any conflict between the provisions of this Agreement and any such rules or regulations, the provisions of this Agreement shall control.” 
2.    Except as modified herein, all other terms of the Employment Agreement shall remain in full force and effect.  In the event of a conflict between the terms of the Employment Agreement and this Third Amendment, the terms of this Third Amendment shall apply.  No modification may be made to the Employment Agreement or this Third Amendment except in writing and signed by both the Company and Executive.

[SIGNATURES APPEAR ON THE FOLLOWING PAGE]

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IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to be duly executed as of the date first written above.  
	
			
	EXECUTIVE
	 
	PINNACLE ENTERTAINMENT, INC.

	 
	 
	 

	/s/ Neil E. Walkoff
	 
	By: /s/ Anthony M. Sanfilippo

	Neil E. Walkoff
	 
	Anthony M. Sanfilippo, Chief Executive Officer

2Exhibit

Exhibit 10.26

Summary of Director Compensation
Director Fees 
The compensation of the non-employee directors of Pinnacle Entertainment, Inc. (the “Company”), is paid in the form of an annual retainer, meeting and chair fees and stock-based awards. The fees that each non-employee director or committee chair received for his or her service are the following:    
		
	•
	An annual retainer of $80,000;

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

		
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	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; 

		
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	An additional $50,000 retainer for the Lead Independent Director; 

		
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	An attendance fee of $1,500 for each Board meeting or committee meeting (telephonic or in person), other than meetings of the Audit Committee (whether regularly scheduled meetings or special meetings); and

		
	•
	An attendance fee of $2,000 for each meeting of the Audit Committee (whether regularly scheduled or special meetings). 

Equity Grants 
In 2017, Pinnacle granted 10,000 restricted stock units to each non-employee director who was then serving. The restricted stock units vest on the first anniversary of the date of grant on May 1, 2018.Exhibit

Exhibit 10.33

SECOND AMENDMENT TO SECOND AMENDED AND RESTATED 
EXCURSION BOAT SPONSORSHIP AND OPERATIONS AGREEMENT

THIS SECOND AMENDMENT TO SECOND AMENDED AND RESTATED EXCURSION BOAT SPONSORSHIP AND OPERATIONS AGREEMENT (the “Second Amendment”) is made and entered into this 16th day of May, 2017, by and between Iowa West Racing Association, an Iowa nonprofit corporation (hereinafter referred to as “Iowa West”), and Ameristar Casino Council Bluffs, LLC, an Iowa limited liability Company (successor to Ameristar Casino Council Bluffs, Inc. (hereinafter referred to as “Ameristar”)).

WHEREAS, on October 7, 2002, Iowa West and Ameristar entered into that certain Amended and Restated Excursion Boat Sponsorship and Operations Agreement (the “Original Agreement”); and

WHEREAS, on November 18, 2004, Iowa West and Ameristar amended the Original Agreement by the execution of a Second Amended and Restated Excursion Boat Sponsorship and Operations Agreement (the “Amended Agreement”): and

WHEREAS, on February 16, 2010, Iowa West and Ameristar entered into that certain Amendment to Second Amended and Restated Excursion Boat Sponsorship and Operations Agreement (the “First Amendment” and together with the Amended Agreement, hereinafter referred to as the “Agreement”); and 

WHEREAS, the Agreement expires on March 31, 2018; and 

WHEREAS, on February 8, 2016, Ameristar Casino Council Bluffs, Inc., an Iowa corporation, converted into an Iowa limited liability company named Ameristar Casino Council Bluffs, LLC; and

WHEREAS, the parties hereto wish to amend the Agreement to extend the term thereof and to amend certain other terms and conditions of the Agreement, as hereinafter set forth.

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

		
	1.
	Section 7(a) of the Agreement is hereby deleted in its entirety and replaced with the following new Section 7(a):

“The term of the Agreement shall be for an additional five (5) years, to expire on March 31, 2023. Provided that Ameristar is not in default under the Agreement, either at the time of exercise or at the time the Option Term (as hereinafter defined) is to commence, Ameristar shall have the option to extend the term of the Agreement for one (1) additional term of three (3) years, to expire on March 31, 2026 (the “Option Term”).  Notice of the exercise of such option shall be given to Iowa West on or before October 1, 2022.  If notice is not given to Iowa West on or before such date, this option shall lapse and be of no further force or effect.  If exercised, all terms and conditions of the Agreement, as further amended hereby, shall be applicable to the Option Term.  Any duty or obligation set forth in the Agreement, that is to be performed during the term of the Agreement, shall also be performed during the Option Term if the option to extend the term is exercised.
2.    This Second Amendment shall only become effective upon approval of the Iowa Racing and Gaming Commission (the “Commission”).  The parties shall coordinate their efforts and cooperate with one another to seek this approval as expeditiously as possible.  Until such time as this Second Amendment is approved by the Commission, the parties shall continue to perform the Agreement as if this Second Amendment had not been entered into by the parties.  This Second Amendment will become immediately effective upon approval by the Commission.

3.    Except as specifically amended hereby, the Agreement shall remain in full force and effect as originally executed and approved by the Commission.  This Second Amendment shall be binding on the successors and assigns of the parties hereto.  Capitalized terms in this Second Amendment that are not otherwise defined herein shall have the respective meanings set forth in the Agreement.

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IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.
	
			
	IOWA WEST RACING ASSOCIATION
	 
	AMERISTAR CASINO COUNCIL BLUFFS, LLC

	 
	 
	 

	By: /s/ Rick Killion
	 
	By: /s/ Carlos A. Ruisanchez

	IWRA President
	 
	Carlos A. Ruisanchez,
President, Chief Financial Officer, Treasurer and Assistant Secretary

	By: /s/ Tara Slevin
	 
	 

	IWRA Secretary
	 
	 

2EXHIBIT 10.18

FIRST AMENDMENT TO CREDIT AGREEMENT

THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), effective as of the 16th day of February, 2018 (the “Effective Date”), is entered into by and among PERFICIENT, INC., a Delaware corporation (the “Borrower”), the Subsidiary Guarantors (as defined in the Credit Agreement defined below) party hereto, the Lenders (as hereinafter defined) party hereto and WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent for the Lenders (the “Administrative Agent”).

RECITALS

WHEREAS, the Borrower, the lenders party thereto (the “Lenders”) and the Administrative Agent entered into that certain Credit Agreement dated as of June 9, 2017 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”);

WHEREAS, the Borrower has requested that the Administrative Agent and the Lenders amend certain provisions of the Credit Agreement; and

WHEREAS, said parties are willing to so amend the Credit Agreement subject to the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants set forth in this Amendment, the Borrower, the Subsidiary Guarantors, the Lenders and the Administrative Agent agree as follows:

1. Defined Terms.  Unless otherwise defined herein, capitalized terms used herein have the meanings assigned to them in the Credit Agreement.

2. Amendment to Credit Agreement.  Section 7.2 of the Credit Agreement is hereby amended to restate clause (b) thereof in its entirety as follows:

“(b) reserved;”

3. Ratification.  Each of the Borrower and the Subsidiary Guarantors hereby ratifies all of its obligations under the Credit Agreement and each of the Loan Documents to which it is a party, and agrees and acknowledges that the Credit Agreement and each of the Loan Documents to which it is a party are and shall continue to be in full force and effect as modified by this Amendment.  Except as provided herein, nothing in this Amendment extinguishes, novates or releases any right, claim, lien, security interest or entitlement of any of the Lenders or the Administrative Agent created by or contained in any of such documents nor is the Borrower or any Subsidiary Guarantor released from any covenant, warranty or obligation created by or contained herein or therein.

4. Representations and Warranties.  Each of the Borrower and the Subsidiary Guarantors hereby represents and warrants to the Administrative Agent and the Lenders that (a) this Amendment has been duly executed and delivered on behalf of each of the Borrower and the Subsidiary Guarantors, (b) this Amendment constitutes a valid and legally binding agreement enforceable against each of the Borrower and the Subsidiary Guarantors in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law, (c) the representations and warranties contained in the Credit Agreement and the Loan Documents are true and correct on and as of the date hereof in all material respects as though made as of the date hereof (except for any such representation and warranty that by its terms is made only as of an earlier date, which representation and warranty shall remain true and correct in all material respects as of such earlier date); provided that, in each case, any representation or warranty that is qualified as to “materiality”, “Material Adverse Effect” or similar language shall be true and correct in all respects on such respective dates, (d) no Default or Event of Default exists under the Credit Agreement or under any Loan Document and (e) the execution, delivery and performance of this Amendment has been duly authorized by each of the Borrower and the Subsidiary Guarantors.

5. Conditions to Effectiveness.  This Amendment shall be effective on the Effective Date upon satisfaction of the following conditions:

(a) receipt by the Administrative Agent of counterparts of this Amendment executed by the Borrower, the Subsidiary Guarantors and the Required Lenders; and

(b) payment of all fees, charges and disbursements of counsel to the Administrative Agent (directly to such counsel if requested by the Administrative Agent) to the extent accrued and unpaid prior to or on the Effective Date.

6. Counterparts.  This Amendment may be signed in any number of counterparts, which may be delivered in original, electronic or facsimile form each of which shall be construed as an original, but all of which together shall constitute one and the same instrument.

7. Governing Law.  This Amendment shall be governed by, and construed in accordance with, the law of the State of New York.

8. Final Agreement of the Parties.  Any previous agreement among the parties with respect to the subject matter hereof is superseded by the Credit Agreement, as modified by this Amendment.  Nothing in this Amendment, express or implied is intended to confer upon any party other than the parties hereto any rights, remedies, obligations or liabilities under or by reason of this Amendment.

9. Amendment is a Loan Document; References to Credit Agreement.  This Amendment is a Loan Document, as defined in the Credit Agreement.  All references in the Credit Agreement to “this Agreement” shall mean the Credit Agreement as amended by this Amendment.

[Signature Pages Follow]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized as of the Effective Date.

BORROWER:

PERFICIENT, INC.,

 a Delaware corporation

By:          /s/ Paul E. Martin  

Name:     Paul E. Martin 

Title:      Chief Financial Officer 

SUBSIDIARY GUARANTORS:

BOLDTECH INTERNATIONAL, LLC,

a Colorado limited liability company

By:    Perficient, Inc.,

its Sole Member

By: /s/ Paul E. Martin  

Name: Paul E. Martin 

Title: Chief Financial Officer 

RAS ASSOCIATES, LLC,

By:    Perficient, Inc.,

its Sole Member

 

                            By: /s/ Paul E. Martin  

                            Name: Paul E. Martin 

                            Title: Chief Financial Officer 

ADMINISTRATIVE AGENT AND LENDER:

WELLS FARGO BANK, NATIONAL ASSOCIATION

By:         /s/ Stuart Edwards 

Stuart Edwards

Senior Relationship Manager

LENDER:

BANK OF AMERICA, N.A.

By:    /s/ Eric A. Escagne  

               Eric A. Escagne

                Senior Vice President

LENDER:

U.S. BANK NATIONAL ASSOCIATION

By:          /s/ Amanda Schmitt  

               Amanda Schmitt

                Vice President 

LENDER:

FIFTH THIRD BANK

By:          /s/ Tim Brening 

Name:     Tim Brening 

Title:       Vice President

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