Document:

Amended and Restated Long Term Incentive and Stock Award Plan

Exhibit 10.1

THE HAIN CELESTIAL GROUP, INC. 
AMENDED AND RESTATED 
2002 LONG TERM INCENTIVE AND STOCK AWARD PLAN 
 
1. Purposes. 
 
The purposes of the Amended and Restated 2002 Long Term Incentive and Stock Award Plan are to advance the interests of The Hain Celestial Group, Inc. and its stockholders by providing a means to attract, retain, and motivate employees, consultants and directors of the Company upon whose judgment, initiative and efforts the continued success, growth and development of the Company is dependent. 
 
2. Definitions. 
 
For purposes of the Plan, the following terms shall be defined as set forth below: 
 
(a) “Affiliate” means any entity other than the Company and its Subsidiaries that is designated by the Board or the Committee as a participating employer under the Plan; provided, however, that the Company directly or indirectly owns at least 50% of the combined voting power of all classes of stock of such entity or at least 50% of the ownership interests in such entity. 
 
(b) “Award” means any Option, SAR, Restricted Share, RSU, Performance Share, Performance Unit, Dividend Equivalent, or Other Share-Based Award granted to an Eligible Person under the Plan. 
 
(c) “Award Agreement” means any written agreement, contract, or other instrument or document evidencing an Award. 
 
(d) “Beneficiary” means the person, persons, trust or trusts which have been designated by an Eligible Person in his or her most recent written beneficiary designation filed with the Company to receive the benefits specified under this Plan upon the death of the Eligible Person, or, if there is no designated Beneficiary or surviving designated Beneficiary, then the person, persons, trust or trusts entitled by will or the laws of descent and distribution to receive such benefits. 
 
(e) “Board” means the Board of Directors of the Company. 
 
(f) “Code” means the Internal Revenue Code of 1986, as amended from time to time. References to any provision of the Code shall be deemed to include successor provisions thereto and regulations thereunder. 
 
(g) “Committee” means the Compensation Committee of the Board, or such other Board committee (which may include the entire Board) as may be designated by the Board to administer the Plan; provided, however, that, unless otherwise determined by the Board, the Committee shall consist of two or more directors of the Company, each of whom is a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, to the extent applicable, and each of whom is an “outside director” within the meaning of Section 162(m) of the Code, to the extent applicable; provided, further, that the mere fact that the Committee shall fail to qualify under either of the foregoing requirements shall not invalidate any Award made by the Committee which Award is otherwise validly made under the Plan. 
 
(h) “Company” means The Hain Celestial Group, Inc., a corporation organized under the laws of Delaware, or any successor corporation. 
 
(i) “Director” means a member of the Board who is not an employee of the Company, a Subsidiary or an Affiliate. 
 
(j) “Dividend Equivalent” means a right, granted under Section 5(g), to receive cash, Shares, or other property equal in value to dividends paid with respect to a specified number of Shares. Dividend Equivalents may be awarded on a free-standing basis or in connection with another Award, and may be paid currently or on a deferred basis. 
 
(k) “Eligible Person” means (i) an employee of the Company, a Subsidiary or an Affiliate, including any director who is an employee, (ii) a consultant to the Company or (iii) a Director. 
 
(1) “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time. References to any provision of the Exchange Act shall be deemed to include successor provisions thereto and regulations thereunder. 
 
(m) “Fair Market Value” means, with respect to Shares or other property, the fair market value of such Shares or other property determined by such methods or procedures as shall be established from time to time by the Granting Authority. If the Shares are listed on any established stock exchange or a national market system, the Fair Market Value of Shares shall mean the closing price on the date of the grant (or, if the Shares were not traded on that day, the next preceding day that the Shares are traded) on the principal exchange or market system on which the Shares are traded, as such prices are officially quoted on such exchange. 

 
(n) “Granting Authority” means the Independent Members or the Committee that grants an Award as specified in Section 3, or each of them as required by the context. 
 
(o) “ISO” means any Option intended to be and designated as an incentive stock option within the meaning of Section 422 of the Code. 
 
(p) “Independent Members” means each Director, but no less than two, who is a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act and each of whom is an “outside director” within the meaning of Section 162(m) of the Code; provided that the mere fact that the Independent Members shall fail to qualify under either of the foregoing requirements shall not invalidate any Award made by the Independent Members which Award is otherwise validly made under the Plan. 
 
(q) “NQSO” means any Option that is not an ISO. 
 
(r) “Option” means a right, granted under Section 5(b), to purchase Shares. 
 
(s) “Other Share-Based Award” means a right, granted under Section 5(h), that relates to or is valued by reference to Shares. 
 
(t) “Participant” means an Eligible Person who has been granted an Award under the Plan. 
 
(u) “Performance Share” means a performance share granted under Section 5(f). 
 
(v) “Performance Unit” means a performance unit granted under Section 5(f). 
 
(w) “Plan” means this Amended and Restated 2002 Long Term Incentive and Stock Award Plan. 
 
(x) “Restricted Shares” means an Award of Shares under Section 5(d) that may be subject to certain restrictions and to a risk of forfeiture. 
 
(y) “Restricted Share Unit” or “RSU” means a right, granted under Section 5(e), to receive Shares or cash at the end of a specified deferral period. 
 
(z) “Rule 16b-3” means Rule 16b-3, as from time to time in effect and applicable to the Plan and Participants, promulgated by the Securities and Exchange Commission under Section 16 of the Exchange Act. 
 
(aa) “SAR” or “Share Appreciation Right” means the right, granted under Section 5(c), to be paid an amount measured by the difference between the exercise price of the right and the Fair Market Value of Shares on the date of exercise of the right, with payment to be made in cash, Shares, or property as specified in the Award or determined by the Committee. 
 
(bb) “Shares” means common stock, $.01 par value per share, of the Company. 
 
(cc) “Subsidiary” means any corporation (other than the Company) in an unbroken chain of corporations beginning with the Company if each of the corporations (other than the last corporation in the unbroken chain) owns shares possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in the chain. 
 
3. Administration. 
 
(a) Granting Authority. The Independent Members shall have the authority to make grants of Awards under the Plan, provided that the Committee shall have authority to make grants of Awards under the Plan on a quarterly basis to Eligible Persons newly hired or retained since the most recent grants awarded by the Independent Members. Each Granting Authority shall have full and final authority to take the following actions with respect to the Awards granted by it, in each case subject to and consistent with the provisions of the Plan: 
 
(i) to select Eligible Persons to whom Awards may be granted; 
 
(ii) to designate Affiliates; 
 
(iii) to determine the type or types of Awards to be granted to each Eligible Person; 
 
(iv) to determine the type and number of Awards to be granted, the number of Shares to which an Award may relate, the terms and conditions of any Award granted under the Plan (including, but not limited to, any exercise price, grant price, or purchase price, any restriction or condition, any schedule for lapse of restrictions or conditions relating to transferability or forfeiture, exercisability, or settlement of an Award, and waiver or accelerations thereof, and 

waivers of performance conditions relating to an Award, based in each case on such considerations as the Granting Authority shall determine), and all other matters to be determined in connection with an Award; 
 
(v) to determine whether, to what extent, and under what circumstances an Award may be settled, or the exercise price of an Award may be paid, in cash, Shares, other Awards, or other property, or an Award may be canceled, forfeited, exchanged, or surrendered; 
 
(vi) to determine whether, to what extent, and under what circumstances cash, Shares, other Awards, or other property payable with respect to an Award will be deferred either automatically, at the election of the Granting Authority, or at the election of the Eligible Person; 
 
(vii) to prescribe the form of each Award Agreement, which need not be identical for each Eligible Person; 
 
(viii) to correct any defect or supply any omission or reconcile any inconsistency in the Plan and to construe and interpret the Plan and any Award, rules and regulations, Award Agreement, or other instrument hereunder; 
 
(ix) to accelerate the exercisability or vesting of all or any portion of any Award or to extend the period during which an Award is exercisable; 
 
(x) to determine whether uncertificated Shares may be used in satisfying Awards and otherwise in connection with the Plan; and 
 
(xi) to make all other decisions and determinations as may be required under the terms of the Plan or as the Granting Authority may deem necessary or advisable for the administration of the Awards granted by it. 
 
Subject to the foregoing authority expressly granted to the Independent Members with respect to Awards granted by them, the Committee shall have general authority and responsibility for the administration of the Plan, including the authority to adopt, amend, suspend, waive, and rescind such rules and regulations and appoint such agents as the Committee may deem necessary or advisable to administer the Plan. 
 
(b) Manner of Exercise of Authority. Each Granting Authority shall have sole discretion in exercising its authority under the Plan. Any action of a Granting Authority with respect to grants made by it shall be final, conclusive, and binding on all persons, including the Company, Subsidiaries, Affiliates, Eligible Persons, any person claiming any rights under the Plan from or through any Eligible Person, and stockholders. The express grant of any specific power to a Granting Authority, and the taking of any action by the Granting Authority, shall not be construed as limiting any power or authority of a Granting Authority. A Granting Authority may delegate to other members of the Board or officers or managers of the Company or any Subsidiary or Affiliate the authority, subject to such terms as the Granting Authority shall determine, to perform administrative functions and, with respect to Awards granted to persons not subject to Section 16 of the Exchange Act, to perform such other functions as the Granting Authority may determine, to the extent permitted under Rule 16b-3 (if applicable) and applicable law. 
 
(c) Limitation of Liability. Each member of the Granting Authority shall be entitled to, in good faith, rely or act upon any report or other information furnished to him or her by any officer or other employee of the Company or any Subsidiary or Affiliate, the Company’s independent certified public accountants, or other professional retained by the Company to assist in the administration of the Plan. No member of the Granting Authority, and no officer or employee of the Company acting on behalf of the Granting Authority, shall be personally liable for any action, determination, or interpretation taken or made in good faith with respect to the Plan, and all members of the Granting Authority and any officer or employee of the Company acting on their behalf shall, to the extent permitted by law, be fully indemnified and protected by the Company with respect to any such action, determination, or interpretation. 
 
(d) Limitation on Committee’s Discretion. Anything in this Plan to the contrary notwithstanding, in the case of any Award which is intended to qualify as “performance-based compensation” within the meaning of Section 162(m) (4)(C) of the Code, unless otherwise provided in an Award Agreement, there shall not be an increase in the amount of compensation payable under the Award to the extent such an increase would cause the Award to lose its qualification as such performance-based compensation. 
 
4. Shares Subject to the Plan. 
 
(a) Subject to adjustment as provided in Section 4(d) hereof, the total number of Shares reserved for issuance in connection with Awards under the Plan shall be 14,000,000. Each Share subject to an Award (other than an Option or SAR) shall count as 2.07 Shares for the purposes of the limit set forth in the preceding sentence. No Award may be granted if the number of Shares to which such Award relates, when added to the number of Shares previously issued under the Plan, exceeds the number of Shares reserved under the preceding sentence. If any Awards are forfeited, canceled, terminated, exchanged or surrendered or such Award is settled in cash or otherwise terminates without a distribution of Shares to the Participant, any Shares counted against the number of Shares reserved and available under the Plan with respect to such 

Award shall, to the extent of any such forfeiture, settlement, termination, cancellation, exchange or surrender, again be available for Awards under the Plan. Upon the exercise of any Award granted in tandem with any other Awards, such related Awards shall be canceled to the extent of the number of Shares as to which the Award is exercised. 
 
(b) Notwithstanding anything to the contrary: (i) shares tendered or withheld in payment of the exercise price of an Option shall not be added to the maximum share limitations described in Section 4(a) above; (ii) shares tendered or withheld to satisfy the tax withholding obligation shall not be added to the maximum share limitations described in Section 4(a) above; (iii) shares repurchased on the open market with the proceeds of the exercise price of an Option shall not be added to the maximum share limitations described in Section 4(a) above; and (iv) all shares covered by a SAR, to the extent that it is exercised and whether or not the Shares are actually issued to the Participant upon exercise of the right, shall be considered issued or transferred pursuant to the Plan. 
 
(c) Subject to adjustment as provided in Section 4(d) hereof and notwithstanding anything to the contrary contained herein, the maximum number of Shares (i) with respect to which Options or SARs may be granted during a calendar year to any Eligible Person under this Plan shall be 1,000,000 Shares, and (ii) with respect to Performance Shares, Performance Units, Restricted Shares or RSUs intended to qualify as performance-based compensation within the meaning of Section 162(m)(4)(C) of the Code shall be the equivalent of 800,000 Shares during a calendar year to any Eligible Person under this Plan.  Notwithstanding the foregoing, no more than 7,500 Shares may be subject to awards granted to a Director in any fiscal year.
 
(d) In the event that the Committee shall determine that any dividend in Shares, recapitalization, Share split, reverse split, reorganization, merger, consolidation, spin-off, combination, repurchase, or share exchange, or other similar corporate transaction or event, affects the Shares such that an adjustment is appropriate in order to prevent dilution or enlargement of the rights of Eligible Persons under the Plan, then the Committee shall make such equitable changes or adjustments as it deems appropriate and, in such manner as it may deem equitable, adjust any or all of (i) the number and kind of shares which may thereafter be issued under the Plan, (ii) the number and kind of shares, other securities or other consideration issued or issuable in respect of outstanding Awards, and (iii) the exercise price, grant price, or purchase price relating to any Award; provided, however, in each case that, with respect to ISOs, such adjustment shall be made in accordance with Section 424(a) of the Code, unless the Committee determines otherwise. In addition, the Committee is authorized to make adjustments in the terms and conditions of, and the criteria and performance objectives, if any, included in, Awards in recognition of unusual or non-recurring events (including, without limitation, events described in the preceding sentence) affecting the Company or any Subsidiary or Affiliate or the financial statements of the Company or any Subsidiary or Affiliate, or in response to changes in applicable laws, regulations, or accounting principles; provided, however, that, unless otherwise provided in an Award Agreement, there shall be no increase in the amount of compensation payable under the Award to the extent such an increase would cause the Award to lose its qualification as performance-based compensation for purposes of Section 162(m)(4)(C) of the Code and the regulations thereunder. 
 
(e) Any Shares distributed pursuant to an Award may consist, in whole or in part, of authorized and unissued Shares or treasury Shares including Shares acquired by purchase in the open market or in private transactions. 
 
5. Specific Terms of Awards. 
 
(a) General. Awards may be granted on the terms and conditions set forth in this Section 5. In addition, the Granting Authority may impose on any Award or the exercise thereof, at the date of grant or thereafter (subject to Section 7(d)), such additional terms and conditions, not inconsistent with the provisions of the Plan, as the Granting Authority shall determine, including terms regarding forfeiture of Awards or continued exercisability of Awards in the event of termination of service by the Eligible Person. 
 
(b) Options. The Granting Authority is authorized to grant Options, which may be NQSOs or ISOs, to Eligible Persons on the following terms and conditions: 
 
(i) Exercise Price. The exercise price per Share purchasable under an Option shall not be less than the Fair Market Value of the Shares on the date such Option is granted. 
 
(ii) Option Term. The term of each Option shall be a maximum of seven (7) years from the date of grant of the Option. 
 
(iii) Time and Method of Exercise. The Granting Authority shall determine at the date of grant or thereafter the time or times at which an Option may be exercised in whole or in part (including, without limitation, upon achievement of performance criteria if deemed appropriate by the Granting Authority), the methods by which such exercise price may be paid or deemed to be paid (including, without limitation, broker-assisted exercise arrangements), the form of 

such payment (including, without limitation, cash, Shares, or other property), and the methods by which Shares will be delivered or deemed to be delivered to Eligible Persons. 
 
(iv) ISOs. The terms of any ISO granted under the Plan shall comply in all respects with the provisions of Section 422 of the Code, including but not limited to the requirement that the ISO shall be granted within ten years from the earlier of the date of adoption or stockholder approval of the Plan. ISOs may only be granted to employees of the Company or a Subsidiary. 
 
(c) SARs. The Granting Authority is authorized to grant SARs (Share Appreciation Rights) to Eligible Persons on the following terms and conditions: 
 
(i) Right to Payment. A SAR shall confer on the Eligible Person to whom it is granted a right to receive with respect to each Share subject thereto, upon exercise thereof, the excess of (1) the Fair Market Value of one Share on the date of exercise (or, if the Granting Authority shall so determine in the case of any such right, the Fair Market Value of one Share at any time during a specified period before or after the date of exercise) over (2) the exercise price per Share of the SAR on the date of grant of the SAR, which shall not be less than Fair Market Value (which in the case of a SAR granted in tandem with an Option, shall be equal to the exercise price of the underlying Option). 
 
(ii) SAR Term. The term of each SAR shall be a maximum of seven (7) years from the date of grant of the SAR. 
 
(iii) Other Terms. The Granting Authority shall determine, at the time of grant or thereafter, the time or times at which a SAR may be exercised in whole or in part, the method of exercise, method of settlement, form of consideration payable in settlement, method by which Shares will be delivered or deemed to be delivered to Eligible Persons, whether or not a SAR shall be in tandem with any other Award, and any other terms and conditions of any SAR. Unless the Granting Authority determines otherwise, a SAR (1) granted in tandem with an NQSO may be granted at the time of grant of the related NQSO or at any time thereafter and (2) granted in tandem with an ISO may only be granted at the time of grant of the related ISO. 
 
(d) Restricted Shares. The Granting Authority is authorized to grant Restricted Shares to Eligible Persons on the following terms and conditions: 
 
(i) Issuance and Restrictions. Restricted Shares shall be subject to such restrictions on transferability and other restrictions, if any, as the Granting Authority may impose at the date of grant or thereafter, which restrictions may lapse separately or in combination at such times, under such circumstances (including, without limitation, upon achievement of performance criteria if deemed appropriate by the Granting Authority), in such installments, or otherwise, as the Granting Authority may determine. Except to the extent restricted under the Award Agreement relating to the Restricted Shares, an Eligible Person granted Restricted Shares shall have all of the rights of a stockholder including, without limitation, the right to vote Restricted Shares and the right to receive dividends thereon. If the lapse of restrictions is conditioned on the achievement of performance criteria, the Granting Authority shall select the criterion or criteria from the list of criteria set forth in Section 5(f)(i). The Granting Authority must certify in writing prior to the lapse of restrictions conditioned on achievement of performance criteria that such performance criteria were in fact satisfied. 
 
(ii) Forfeiture. Except as otherwise determined by the Granting Authority, at the date of grant or thereafter, upon termination of service during the applicable restriction period, Restricted Shares and any accrued but unpaid dividends or Dividend Equivalents that are at that time subject to restrictions shall be forfeited; provided, however, that the Granting Authority may provide, by rule or regulation or in any Award Agreement, or may determine in any individual case, that restrictions or forfeiture conditions relating to Restricted Shares will be waived in whole or in part in the event of terminations resulting from specified causes, and the Granting Authority may in other cases waive in whole or in part the forfeiture of Restricted Shares. 
 
(iii) Certificates for Shares. Restricted Shares granted under the Plan may be evidenced in such manner as the Granting Authority shall determine. If certificates representing Restricted Shares are registered in the name of the Eligible Person, such certificates shall bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Restricted Shares, and the Company shall retain physical possession of the certificate. 
 
(iv) Dividends. Dividends paid on Restricted Shares shall be either paid at the dividend payment date, or deferred for payment to such date as determined by the Granting Authority, in cash or in unrestricted Shares having a Fair Market Value equal to the amount of such dividends. Shares distributed in connection with a Share split or dividend in Shares, and other property distributed as a dividend, shall be subject to restrictions and a risk of forfeiture to the same extent as the Restricted Shares with respect to which such Shares or other property has been distributed. 

 
(e) RSUs. The Granting Authority is authorized to grant RSUs to Eligible Persons, subject to the following terms and conditions: 
 
(i) Award and Restrictions. Delivery of Shares or cash, as the case may be, will occur upon expiration of the deferral period specified for RSUs by the Granting Authority (or, if permitted by the Granting Authority, as elected by the Eligible Person). In addition, RSUs shall be subject to such restrictions as the Granting Authority may impose, if any (including, without limitation, the achievement of performance criteria if deemed appropriate by the Granting Authority), at the date of grant or thereafter, which restrictions may lapse at the expiration of the deferral period or at earlier or later specified times, separately or in combination, in installments or otherwise, as the Granting Authority may determine. If the lapse of restrictions is conditioned on the achievement of performance criteria, the Granting Authority shall select the criterion or criteria from the list of criteria set forth in Section 5(f)(i). The Granting Authority must certify in writing prior to the lapse of restrictions conditioned on the achievement of performance criteria that such performance criteria were in fact satisfied. 
 
(ii) Forfeiture. Except as otherwise determined by the Granting Authority at date of grant or thereafter, upon termination of service (as determined under criteria established by the Granting Authority) during the applicable deferral period or portion thereof to which forfeiture conditions apply (as provided in the Award Agreement evidencing the RSUs), or upon failure to satisfy any other conditions precedent to the delivery of Shares or cash to which such RSUs relate, all RSUs that are at that time subject to deferral or restriction shall be forfeited; provided, however, that the Granting Authority may provide, by rule or regulation or in any Award Agreement, or may determine in any individual case, that restrictions or forfeiture conditions relating to RSUs will be waived in whole or in part in the event of termination resulting from specified causes, and the Granting Authority may in other cases waive in whole or in part the forfeiture of RSUs. 
 
(f) Performance Shares and Performance Units. The Granting Authority is authorized to grant Performance Shares or Performance Units or both to Eligible Persons on the following terms and conditions: 
 
(i) Performance Period. The Granting Authority shall determine a performance period (the “Performance Period”) of one or more years and shall determine the performance objectives for grants of Performance Shares and Performance Units. Performance objectives may vary from Eligible Person to Eligible Person and shall be based upon one or more of the following performance criteria as the Granting Authority may deem appropriate: share price; earnings per share; return to shareholders (including dividends); return on equity; revenues; sales; sales by category, brand, territory or geography; unit growth; customer growth (including new customers and increased sales to existing customers); EBITDA or EBIT; operating income or operating profit; net income; gross margin; operating margin; return on capital or return on invested capital; economic value added; economic profit; cash flows; cash flow from operations; market share; inventory levels; inventory days outstanding; consumption; size of line in total or by category or type; consumer and strategic investments; advertising, brand and product innovation; research and development; costs; managing commodity costs; capital expenditures; working capital; net fixed assets; accounts receivable; days sales outstanding; period overhead; expenses; productivity; market capitalization; customer satisfaction; pro forma net income; return on designated assets; expenses; free cash flow; cash flow return on investment; net profit margin; cash conversion cycle; and service levels. The performance objectives may be determined by reference to the performance of the Company, or of a Subsidiary or Affiliate, or of a division or unit of any of the foregoing. Performance Periods may overlap and Eligible Persons may participate simultaneously with respect to Performance Shares and Performance Units for which different Performance Periods are prescribed. 
 
(ii) Award Value. At the beginning of a Performance Period, the Granting Authority shall determine for each Eligible Person or group of Eligible Persons with respect to that Performance Period the range of number of Shares, if any, in the case of Performance Shares, and the range of dollar values, if any, in the case of Performance Units, which may be fixed or may vary in accordance with such performance or other criteria specified by the Granting Authority, which shall be paid to an Eligible Person as an Award if the relevant measure of Company performance for the Performance Period is met. The Granting Authority must certify in writing that the applicable performance criteria were satisfied prior to payment under any Performance Shares or Performance Units. 
 
(iii) Significant Events. If during the course of a Performance Period there shall occur significant events as determined by the Granting Authority which the Granting Authority expects to have a substantial effect on a performance objective during such period, the Granting Authority may revise such objective; provided, however, unless otherwise provided in an Award Agreement, there shall not be an increase in the amount of compensation payable under the Award to the extent such an increase would cause the Award to lose its qualification as performance-based compensation for purposes of Section 162(m)(4)(C) of the Code and the regulations thereunder. 

 
(iv) Forfeiture. Except as otherwise determined by the Granting Authority, at the date of grant or thereafter, upon termination of service during the applicable Performance Period, Performance Shares and Performance Units for which the Performance Period was prescribed shall be forfeited; provided, however, that the Granting Authority may provide, by rule or regulation or in any Award Agreement, or may determine in an individual case, that restrictions or forfeiture conditions relating to Performance Shares and Performance Units will be waived in whole or in part in the event of terminations resulting from specified causes, and the Granting Authority may in other cases waive in whole or in part the forfeiture of Performance Shares and Performance Units. 
 
(v) Payment. Each Performance Share or Performance Unit may be paid in whole Shares, or cash, or a combination of Shares and cash either as a lump sum payment or in installments, all as the Granting Authority shall determine, at the time of grant of the Performance Share or Performance Unit or otherwise, commencing as soon as practicable after the end of the relevant Performance Period. The Granting Authority must certify in writing prior to the payment of any Performance Share or Performance Unit that the performance objectives and any other material terms were in fact satisfied. 
 
(g) Dividend Equivalents. The Granting Authority is authorized to grant Dividend Equivalents to Eligible Persons, except that no Dividend Equivalent right may be granted in connection with, or related to, an Option or SAR. The Granting Authority may provide, at the date of grant or thereafter, that Dividend Equivalents shall be paid or distributed when accrued or shall be deemed to have been reinvested in additional Shares, or other investment vehicles as the Granting Authority may specify; provided, however, that Dividend Equivalents (other than freestanding Dividend Equivalents) shall be subject to all conditions and restrictions of the underlying Awards to which they relate. 
 
(h) Other Share-Based Awards. The Granting Authority is authorized, subject to limitations under applicable law, to grant to Eligible Persons such other Awards that may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related to, Shares, as deemed by the Granting Authority to be consistent with the purposes of the Plan, including, without limitation, unrestricted shares awarded purely as a “bonus” and not subject to any restrictions or conditions, other rights convertible or exchangeable into Shares, purchase rights for Shares, Awards with value and payment contingent upon performance of the Company or any other factors designated by the Granting Authority, and Awards valued by reference to the performance of specified Subsidiaries or Affiliates. The Granting Authority shall determine the terms and conditions of such Awards at date of grant or thereafter. Shares delivered pursuant to an Award in the nature of a purchase right granted under this Section 5(h) shall be purchased for such consideration, paid for at such times, by such methods, and in such forms, including, without limitation, cash, Shares, notes or other property, as the Granting Authority shall determine. Cash awards, as an element of or supplement to any other Award under the Plan, shall also be authorized pursuant to this Section 5(h). 
 
6. Certain Provisions Applicable to Awards. 
 
(a) Stand-Alone, Additional, and Tandem. Awards granted under the Plan may, in the discretion of the Granting Authority, be granted to Eligible Persons either alone or in addition to, in tandem with, any other Award granted under the Plan or any award granted under any other plan or agreement of the Company, any Subsidiary or Affiliate. 
 
(b) Substitute Awards in Transactions. Nothing contained in the Plan shall be construed to limit the right of the Granting Authority to grant Awards under the Plan in connection with the acquisition, whether by purchase, merger, consolidation or other transaction, of the business or assets of any corporation or other entity. Without limiting the foregoing, the Granting Authority may grant Awards under the Plan to an employee or director of another corporation or other entity who becomes an Eligible Person by reason of any such transaction in substitution for awards previously granted by such corporation or entity to such employee or director. The terms and conditions of the substitute Awards may vary from the terms and conditions that would otherwise be required by the Plan solely to the extent the Granting Authority deems necessary for such purpose. 
 
(c) Term of Awards. The term of each Award granted to an Eligible Person shall be for such period as may be determined by the Granting Authority; provided, however, that in no event shall the term of any Option or a SAR exceed a period of seven years from the date of its grant (or such shorter period as may be applicable under Section 422 of the Code). 
 
(d) Repricing Prohibited. Subject to the anti-dilution adjustment provisions contained in Section 4(d) hereof, without the prior approval of the Company’s stockholders, neither the Granting Authority nor the Board shall cause the amendment of an Option or SAR that would have the effect of reducing the exercise price of an Option or SAR previously granted under the Plan, the cancellation or exchange of an Option or SAR for cash, other awards, or an Option or SAR with an exercise price that is less than the exercise price of the original Option or SAR or otherwise approve any modification to an Option or SAR that would be treated as a “repricing” of such Option or SAR under any then applicable rules, regulations or listing requirements. 

 
(e) Form of Payment Under Awards. Subject to the terms of the Plan and any applicable Award Agreement, payments to be made by the Company or a Subsidiary or Affiliate upon the grant, maturation, or exercise of an Award may be made in such forms as the Granting Authority shall determine at the date of grant or thereafter, including, without limitation, cash, Shares, notes or other property, and may be made in a single payment or transfer, in installments, or on a deferred basis. The Granting Authority may make rules relating to installment or deferred payments with respect to Awards, including the rate of interest to be credited with respect to such payments, subject to applicable law. 
 
(f) Nontransferability. Awards shall not be transferable by an Eligible Person except (i) by will or the laws of descent and distribution (except pursuant to a Beneficiary designation) or (ii) with respect to NQSOs, by gift to a family member of the Participant to the extent permitted in the applicable Award Agreement and shall be exercisable during the lifetime of an Eligible Person only by such Eligible Person or his guardian or legal representative unless it has been transferred by gift to a family member of the Participant, in which case it shall be exercisable only by such transferee. For the purpose of this provision, a “family member” shall have the meaning set forth in the General Instructions to Form S-8 Registration Statement under the Securities Act of 1933, as amended. An Eligible Person’s rights under the Plan may not be pledged, mortgaged, hypothecated, or otherwise encumbered, and shall not be subject to claims of the Eligible Person’s creditors. 
 
(g) Repayment. If the Company is required to prepare an accounting restatement to correct an accounting error included in a report on Form 10-Q or 10-K caused by the misconduct of a Participant, the Participant shall return to the Company, or forfeit if not paid, any Award arising out of the misconduct for or during such restated period. 
 
(h) Noncompetition. The Granting Authority may, by way of the Award Agreements or otherwise, establish such other terms, conditions, restrictions and/or limitations, if any, of any Award, provided they are not inconsistent with the Plan, including, without limitation, the requirement that the Participant not engage in competition with the Company. 
 
7. General Provisions. 
 
(a) Compliance with Legal and Trading Requirements. The Plan, the granting and exercising of Awards thereunder, and the other obligations of the Company under the Plan and any Award Agreement, shall be subject to all applicable federal, state and foreign laws, rules and regulations, and to such approvals by any regulatory or governmental agency as may be required. The Company, in its discretion, may postpone the issuance or delivery of Shares under any Award until completion of such stock exchange or market system listing or registration or qualification of such Shares or other required action under any state or federal law, rule or regulation as the Company may consider appropriate, and may require any Participant to make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of Shares in compliance with applicable laws, rules and regulations. No provisions of the Plan shall be interpreted or construed to obligate the Company to register any Shares under federal, state or foreign law. The Shares issued under the Plan may be subject to such other restrictions on transfer as determined by the Committee. 
 
(b) No Right to Continued Employment or Service. Neither the Plan nor any action taken thereunder shall be construed as giving any employee, consultant, or director the right to be retained in the employ or service of the Company or any of its Subsidiaries or Affiliates, nor shall it interfere in any way with the right of the Company or any of its Subsidiaries or Affiliates to terminate any employee’s, consultant’s or director’s employment or service at any time. 
 
(c) Taxes. The Company or any Subsidiary or Affiliate is authorized to withhold from any Award granted, any payment relating to an Award under the Plan, including from a distribution of Shares, or any payroll or other payment to an Eligible Person, amounts of withholding and other taxes due in connection with any transaction involving an Award, and to take such other action as the Committee may deem advisable to enable the Company and Eligible Persons to satisfy obligations for the payment of withholding taxes and other tax obligations relating to any Award. This authority shall include authority to withhold or receive Shares or other property and to make cash payments in respect thereof in satisfaction of an Eligible Person’s tax obligations; provided, however, that the amount of tax withholding to be satisfied by withholding Shares shall be limited to the minimum amount of taxes, including employment taxes, required to be withheld under applicable Federal, state and local law. 
 
(d) Amendment. The Board may at any time and from time to time and in any respect, amend or modify the Plan and any Award granted under the Plan. The Board may seek the approval of any amendment or modification by the Company’s stockholders to the extent it deems necessary or advisable in its discretion for purposes of compliance with Section 162(m) or Section 422 of the Code, the listing requirements of the applicable exchange or securities market or for any other purpose. Except as may be required to comply with Section 409A of the Code, no amendment or modification of the Plan or any Award shall adversely affect any Award theretofore granted without the consent of the Eligible Person or the permitted transferee of the Award. 

 
(e) No Rights to Awards; No Stockholder Rights. No Eligible Person or employee shall have any claim to be granted any Award under the Plan, and there is no obligation for uniformity of treatment of Eligible Persons and employees. No Award shall confer on any Eligible Person any of the rights of a stockholder of the Company unless and until Shares are duly issued or transferred to the Eligible Person in accordance with the terms of the Award. 
 
(f) Unfunded Status of Awards. The Plan is intended to constitute an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award shall give any such Participant any rights that are greater than those of a general creditor of the Company; provided, however, that the Committee may authorize the creation of trusts or make other arrangements to meet the Company’s obligations under the Plan to deliver cash, Shares, other Awards, or other property pursuant to any Award, which trusts or other arrangements shall be consistent with the “unfunded” status of the Plan unless the Committee otherwise determines with the consent of each affected Participant. 
 
(g) Nonexclusivity of the Plan. Neither the adoption of the Plan by the Board nor its submission to the stockholders of the Company for approval shall be construed as creating any limitations on the power of the Board to adopt such other incentive arrangements as it may deem desirable, including, without limitation, the granting of options and other awards otherwise than under the Plan, and such arrangements may be either applicable generally or only in specific cases. 
 
(h) Not Compensation for Benefit Plans. No Award payable under this Plan shall be deemed salary or compensation for the purpose of computing benefits under any benefit plan or other arrangement of the Company for the benefit of its employees, consultants or directors unless the Company shall determine otherwise. 
 
(i) No Fractional Shares. No fractional Shares shall be issued or delivered pursuant to the Plan or any Award. The Committee shall determine whether cash, other Awards, or other property shall be issued or paid in lieu of such fractional Shares or whether such fractional Shares or any rights thereto shall be forfeited or otherwise eliminated. 
 
(j) Governing Law. The validity, construction, and effect of the Plan, any rules and regulations relating to the Plan, and any Award Agreement shall be determined in accordance with the laws of New York without giving effect to principles of conflict of laws thereof. 
 
(k) Effective Date; Plan Termination. The Plan shall become effective as of November 19, 2013 (the “Effective Date”). Notwithstanding the foregoing, the adoption of this Plan is expressly conditioned upon the approval of the stockholders of the Company. The Plan shall terminate as to future awards on the date which is ten (10) years after the Effective Date. 
 
(l) Titles and Headings. The titles and headings of the sections in the Plan are for convenience of reference only. In the event of any conflict, the text of the Plan, rather than such titles or headings, shall control. 
 
(m) Section 409A. It is intended that the Plan and Awards issued thereunder will comply with Section 409A of the Code (and any regulations and guidelines issued thereunder) to the extent the Awards are subject thereto, and the Plan and such Awards shall be interpreted on a basis consistent with such intent. The Plan and any Award Agreements issued thereunder may be amended in any respect deemed by the Board or the Committee to be necessary in order to preserve compliance with Section 409A of the Code.Exhibit 1012 Casinos Poland Loan Agreement

		

			 

		

		
			[logo]  BRE BANK SA
		

		
			 
		

		
			CREDIT FACILITY AGREEMENT NO. 02/408/13/Z/OB
		

		
			on PLN working capital credit facility
		

		
			 
		

		
			made on 18 November 2013 in Warsaw by BRE Bank Spółka Akcyjna, with its registered office in Warsaw, at 18 Senatorska Street, Oddział Korporacyjny Warszawa (Corporate Branch Warsaw), 14 Królewska Street, 00-950 Warsaw, entered into the companies register kept by the District Court for the capital city of Warsaw, 12th Commercial Division of the National Court Register, under KRS: 0000025237, with its tax identification number NIP: 526-021-50-88, statistical ID number REGON 001254524-00023, with its share capital paid in full that as at 1 January 2013 amounted to PLN 168,555,904, hereinafter the “Bank”, represented by:
		

		
			 
		

		
			1. Elżbieta Weydmann - plenipotentiary
		

		
			2. Andrzej Ostrycharz - plenipotentiary
		

		
			 
		

		
			and
		

		
			 
		

		
			Casinos Poland Sp. z o. o. with its registered office in Warsaw, 01-018 Warsaw, 3A Wolność Street, entered into the companies register kept by the District Court for the capital city of Warsaw, 12th Commercial Division of the National Court Register, under KRS 0000016809, with its tax identification number NIP: 526-020-92-60, REGON No. 001308154, with its share capital in the amount of PLN 5,100,000 as at 12 November 2013, hereinafter the “Borrower”, represented by:
		

		
			 
		

		
			1. Dariusz Kwas – Board member
		

		
			2. Dariusz Bernat – Board member
		

		
			(name, position and type of the representation of the business)
		

		

		

		 

		

			 

		

 

		

			 

		

		
		

		
			 
		

		
			I. Amount and Purpose
		

		
			§ 1
		

		
			1. Subject to the terms and conditions set out in this Agreement, the Bank grants to the Borrower a PLN working capital credit facility, hereinafter the “credit facility”, in the amount of PLN 12,000,000 (say: twelve million zlotys).
		

		
			2.The funds from the credit facility will be allocated to and used first for the repayment of the Borrower’s debt to Bank Pocztowy and thereafter for the following purposes: financing of working capital.
		

		
			 
		

		
			II. Time-limit, Disbursement and Use
		

		
			§ 2
		

		
			1. The Borrower is entitled to disburse the amount of the granted credit facility, specified in § 1, in the following tranches and within the following time-limits:
		

		
			 
		

		
			(amount/currency)(date):            (date):
		

		
			I tranchePLN 12,000,000  from 13.11.2013until29.11.2013
		

		
			 
		

		
			2.The credit facility will be disbursed by the Borrower in the form of:
		

		
			1/transfer of the funds directly to the credit facility account with Bank Pocztowy, to be used for the repayment of the Borrower’s debt to that bank,
		

		
			2/drawdowns meaning the execution of the Borrower’s payment orders by the Bank.
		

		
			 
		

		
			§ 3
		

		
			1. The credit facility funds will be released after:
		

		
			a)the Borrower signed a mortgage agreement and delivered the application for the entry of the mortgage constituting the security of the credit facility, together with the Court’s confirmation of receipt and confirmation that the court fees have been paid;
		

		
			b)the pledge agreement is signed;
		

		
			c)a statement of Bank Pocztowy specifying:
		

		
			-  the amount of the credit facility outstanding for repayment, together with interest and other expenses,
		

		
			-the account number appropriate for the credit facility repayment;
		

		
			-the obligation to agree to the deletion of a mortgage on the real estate in Warsaw, 
		

		 

		

			 

		

 

		

			 

		

		3A Wolność Street, after the repayment of the credit facility by BRE Bank S.A. to the account specified in the statement, is delivered to the Bank.
		

		
			2.The Bank may suspend the Borrower’s right to continue the disbursement of the credit facility:
		

		
			1/in the event of any change in the status of the security interests as compared with the status at the time when the decision to grant credit facility was made;
		

		
			2/in the case of other events that have material impact on legal, financial or economic situation of the Borrower that in the Bank’s view may result in the increased risk that the credit facility will not be repaid.
		

		
			3.The Borrower undertakes to include “Payable from credit facility No. 02/408/13/Z/OB” clause on payment orders submitted to the Bank.
		

		
			4.The time when:
		

		
			1/the Bank received the Borrower’s payment order properly marked with “Payable from credit facility No. 02/408/13/Z/OB” clause, and
		

		
			2/the conditions of releasing credit facility funds, specified in Clause 1, have been fulfilled and the Bank has not suspended the Borrower’s right to continue the disbursement of the credit facility, will be considered to be the time when the Bank received the Borrower’s payment order.
		

		
			5.In the event the Bank receives the payment order, referred to in Clause 4, on a Bank’s business day after cut-off time specified by the Bank, in compliance with Clause 7, it is agreed that the Bank received the payment order on the following Bank’s business day.
		

		
			6.In the event the Bank receives the payment order on a Bank’s non-business day, it is agreed that the order was received on the first Bank’s business day after that day.
		

		
			7.Detailed information regarding cut-off times and time-limits of the execution of the Borrower’s payment orders as well as forms and principles applied at the Bank with respect to money settlements will be provided to the Borrower by displaying information in the Bank’s service area or on the websites of the BRE Bank Group.
		

		
			8.The Bank undertakes to execute the Borrower’s payment orders in timely fashion, within the time-limits and up to the amount of individual tranches of the credit facility.
		

		
			9.The Bank will refuse to execute the Borrower’s payment order if the payment order is contrary to the credit facility agreement or if the refusal right arises from the credit facility agreement or separate regulations, in particular when:
		

		
			1/the conditions of the disbursement of the credit facility funds, referred to in Clause 1, have not been fulfilled, or
		

		

		

		 

		

			 

		

 

		

			 

		

		2/the Bank suspended the Borrower’s right to continue the disbursement of the credit facility, or
		

		
			3/the payment order regarding the withdrawal of the funds from the credit facility is contrary to the purpose of the credit facility, specified in § 1, or
		

		
			4/the payment order regarding the withdrawal of the funds from the credit facility was not signed by individuals specified in § 22, or
		

		
			5/the Borrower’s payment order was not properly marked with “Payable from credit facility No. 02/408/13/Z/OB” clause.
		

		
			10.In the event of the refusal to execute the Borrower’s payment order, the Bank will immediately notify the Borrower thereof. 
		

		
			 
		

		
			III. Interest
		

		
			§ 4
		

		
			1. The Bank will charge interest at variable interest rate calculated per annum on the amount of the disbursed credit facility. Interest rate will equal variable 1M WIBOR (PLN) reference rate (base rate) quoted two days prior to the drawdown date and before the update day of variable rate increased by 1.75 percentage points in connection with the Bank’s margin the amount of which is determined in compliance with the provisions of this Clause, subject to Clauses 6-8.
		

		
			As at the date of this Agreement, a margin amounts to 1.75% p.a. The interest accrues on 1-month basis and will be payable by the Borrower on the last business day of each month during the period of crediting and on the date of the final repayment of a single drawdown.
		

		
			The update of a base rate will take place on the interest payment date, i.e. the last business day of each month even if the period of 1-month has not lapsed.
		

		
			2.The first interest payment date falls on 29 November 2013.
		

		
			On the date of the credit facility agreement, i.e. on 12 November 2013, the interest rate of the credit facility amounts to 4.34 %.
		

		
			3.For the purposes of this Agreement, when setting the interest rate per annum, 365 days are taken as the base. When calculating interest, actual number of calendar days will be taken during calculation periods.
		

		
			4.The Borrower agrees that the obligation to provide notification about the change of the interest rate is performed by publishing the base rate in the form of an announcement displayed at the Bank’s branches in a place freely available to all the Bank’s Clients or on the website of BRE Bank SA Group at www.brebank.pl.
		

		

		

		 

		

			 

		

 

		

			 

		

		The Borrower undertakes to notify other Bank’s debtors in connection with the security of this Agreement about the method of notification about the change of the interest rate.
		

		
			5.In connection with the borrowed credit facility, the Bank may enter into transactions with the Borrower, at its request, in order to secure the Borrower against interest rate risk and foreign exchange risk. Hedging transactions will be entered into based on relevant regulations of the Bank. 
		

		
			6.The Bank is entitled to change interest rate by changing the margin rate, in compliance with Clause 7 – Clause 8, effective from the first day of the interest period after the Bank has found the grounds for changing the margin. Information about the change of the margin and its reasons will be provided by the Bank to the Borrower and the guarantors in writing.
		

		
			7.If  the Borrower fails to perform the obligations set out both in § 10 and § 11 hereof during a given period of the review of the Borrower’s performance of the provisions of this Agreement, i.e. during the term of the Agreement from the date it is signed until the end of the calendar quarter in which the Agreement was concluded or in each subsequent calendar quarter, the Bank is entitled, after the lapse of that period, to set a new margin at 2.25% p.a.
		

		
			8.If the Borrower performs all the obligations specified in §§10-11 hereof (during a given period of the review of the Borrower’s performance of the provisions of this Agreement), the Bank is entitled to restore the margin rate, specified in § 4 Clause 1, that was effective on the date of the Agreement.
		

		
			9.The Bank is not obliged to notify the Bank’s debtors in connection with the security of this Agreement other than the guarantors about the change of the interest rate. 
		

		
			 
		

		
			IV. Bank’s Fees and Commissions 
		

		
			§ 5
		

		
			1. The Borrower will pay the Bank:
		

		
			1/a front-up fee of 0.5% (say: five tenth of a percentage) calculated on the amount of the granted credit facility, payable in the credit facility currency, on a one-off basis, immediately after the signing of this Agreement. Front-up fee is due to the Bank also if the credit facility is not disbursed in whole or in part and is non-refundable,
		

		
			2/a commitment fee payable in the credit facility currency, calculated on the amount of the granted credit facility that has not been disbursed during the period when the right to take on a debt remains effective, as referred to in § 2, of 0.5% (say: five tenth of a percentage) per annum; commitment fee is payable on the interest payment dates and on the last day of the right to take on a debt.
		

		

		

		 

		

			 

		

 

		

			 

		

		For the purposes of this Agreement, when setting the commitment fee per annum, 365 days are taken as the base. When calculating the commitment, actual number of calendar days will be taken during calculation periods. The Bank will notify the Borrower about the amount of the charged commitment fee in a statement from the current bank account.
		

		
			3/a fee for the Bank Guarantee Fund (BFG) incurred by the Bank in connection with the granted credit facility; this fee is calculated as specified by the BFG and is payable in PLN;
		

		
			4/a fee for issuing a statement about the repayment of the credit facility, payable in PLN, in the amount specified in the “BRE Bank SA Tariff of Banking Fees and Commissions” being in effect at the time when the grounds to charge it occur.
		

		
			2.The Bank will debit the current account of the Borrower, set out in § 6 Clause 2, subject to the provisions of § 6 Clauses 3-4, with the commissions and fees, set out in Clause 1, and the Borrower hereby authorises the Bank to debit the account. 
		

		
			 
		

		
			 
		

		
			V. Repayment of the Bank’s Receivables 
		

		
			§ 6
		

		
			1. The Borrower will repay the credit facility in 30 instalments of PLN 400,000 each, payable on the last business day of each month: starting from 30 June 2014 until 30 November 2016. If the credit facility is not disbursed in whole or if a part of the credit facility is repaid earlier the Bank will notify the Borrower by registered letter, with return acknowledgement of receipt, about the new repayment schedule.
		

		
			2.The Borrower will ensure appropriate funds on the current account kept with the Bank No. 12 1140 1010 0000 3422 5800 1001 in PLN, within the repayment time-limits.
		

		
			The credit facility repayment will be made by debiting the above Borrower’s account by the Bank within the credit facility repayment time-limits.
		

		
			3.If it is necessary to make any currency translation by the Bank in connection with the performance of this Agreement, the following principles will apply:
		

		
			1/if the account is kept in PLN and the liability is expressed in foreign currency, the Bank will debit that account with PLN equivalent of the liability, applying selling rate for the currency of the liability;
		

		
			2/if the account is kept in foreign currency and the liability is expressed in other foreign currency, the Bank will determine PLN equivalent of the liability, at the selling rate for 
		

		 

		

			 

		

 

		

			 

		

		the currency of the liability and will debit the identified account with the equivalent of the liability in the account currency, determined by applying the buying rate;
		

		
			3/if the account is kept in foreign currency, and the liability is expressed in PLN, then the Bank will debit the account with the equivalent of the liability in the account currency, determined by applying the buying rate for the currency in which the account is kept;
		

		
			4/translations (conversions), referred to in Points 1-3, will be made according to Exchange Rate Table of BRE Bank SA being in effect on the date of currency translation.
		

		
			4.If it is not possible to repay the Borrower’s liabilities that are due and payable from the account, referred to in Clause 2, the repayment of the liabilities will be made by debiting any other account kept for the Borrower with the Bank by the Bank.
		

		
			The choice of the account from which the repayment will be effected rests with the Bank.
		

		
			If the account is kept in other currency than the currency of the liability, then in order to repay the Borrower’s liabilities that are due and payable, the funds deposited on such account will be converted according to the principles set out in Clause 3.
		

		
			5.The credit facility repayment date will be the date on which the Borrower’s account, specified in Clause 2 or Clause 4, is debited, and if there are no appropriate funds on the said accounts, the date on which the Bank’s account is credited with the funds.
		

		
			6.If the repayment date of the principal instalment, referred to in Clause 1, falls on a day that is not a business day for the Bank, the instalment will be payable on the first business day falling after the day that is not a business day.
		

		
			7.The Borrower irrevocably authorises the Bank to first debit the account referred to in Clause 2, and then the accounts, referred to in Clause 3, with the due and payable receivables arising from this Agreement and agreements regarding the security of the credit facility repayment.
		

		
			8.The Borrower undertakes to repay the credit facility, accrued interest, commissions, fees and potentially any other expenses within the agreed time-limits, with priority before other payments. 
		

		
			9.In the event of earlier repayment as compared with the date set out in the repayment schedule, the Bank will charge a fee on the amount of earlier repayment, calculated according to the margin rate effective on the repayment date.
		

		
			9.The Borrower’s liabilities, arising from this Agreement, that are not repaid within the time-limits set out in the Agreement, become the overdue liability. 
		

		
			10.Starting from the date on which the overdue liability in connection with the outstanding credit facility, fees or commissions originates until the date preceding actual repayment of 
		

		 

		

			 

		

 

		

			 

		

		the liabilities towards the Bank, the Borrower will pay interest on the amount of overdue liability equal to four times the Lombard interest rate of the National Bank of Poland per annum. 
		

		
			§ 7
		

		
			1.The Bank settles the amounts due in connection with the performance of this Agreement, if any, in the following order of priority:
		

		
			1/costs, expenses and other official charges incurred by the Bank that on the basis of law or agreement between the Parties should be borne by the Borrower;
		

		
			2/commissions and fees due to the Bank;
		

		
			3/statutory interest on overdue liability underlying the enforcement order;
		

		
			4/contractual interest on overdue liability;
		

		
			5/ordinary contractual interest (not overdue);
		

		
			6/principal.
		

		
			2.The repayment will not be applied on account of the debt, if the amounts due in connection with this Agreement paid by the Borrower or other entity are repaid or the payment is otherwise invalidated based on the decision of the authorised body.
		

		
			 
		

		
			VI. Security of the Credit Facility Repayment 
		

		
			§ 8
		

		
			1. The following constitutes the security of the repayment of the Bank’s receivables: 
		

		
			1/contractual mortgage on the co-operative ownership title held by the Borrower to the premises located in Warsaw at 3A Wolność Street, for which the District Court for Warszawa-Mokotów in Warsaw, 10th Land and Mortgage Register Division, keeps the land and mortgage register KW No. WA4M/00346609/1, arising from the agreement on the establishment of a mortgage No. 02/086/13 dated 12 November 2013;
		

		
			2/registered pledge on slot machines owned by the Borrower, based on the pledge agreement No. 02/036/13 dated 12 November 2013;
		

		
			3/the Borrower undertakes to present, within 7 business days from the date of this Agreement, an application for the entry of the pledge, referred to in Point 2/, together with the court’s confirmation of receipt and the evidence of paying the relevant fees.
		

		
			2.The Borrower undertakes to insure real estate and slot machines, constituting the subject of the security, during the entire period of crediting and each time to assign the receivables in connection therewith in favour of the Bank.
		

		
			3.Any expenses related with the establishment of the security, insurance of its subject as well 
		

		 

		

			 

		

 

		

			 

		

		as the change or withdrawal of the security will be borne by the Borrower.
		

		
			4.The Borrower will immediately notify the Bank in writing in the event:
		

		
			-the value of  the existing security decreases, and/or
		

		
			-of balance sheet loss, institution of bankruptcy proceedings with a possibility of entering into arrangement or leading to the liquidation of the property, settlement banking or liquidation reorganisation proceedings in the Borrower’s enterprise.
		

		
			At the Bank’s request, the Borrower will secure the credit facility in other form approved by the Bank.
		

		
			 
		

		
			VII. The Borrower’s Representations and Warranties 
		

		
			§ 9
		

		
			The Borrower represents as follows:
		

		
			1.the business conducted by the Borrower fully complies with applicable law and it holds all the required concessions, permits, licenses and approvals of relevant authorities for the performance of business activities or certificates about registration in the registers of regulated activities as well as other documents if such obligation arises based on separate regulations;
		

		
			2.it is not a party to or a participant of any court, administrative, arbitration or any other proceedings the outcome of which could have adverse impact on its financial position and conducted business activities or that constitute or could constitute a threat to the timely repayment of the credit facility;
		

		
			3.it submits a statement about voluntary submission to enforcement that constitutes Appendix to this Agreement.
		

		
			 
		

		
			§ 10
		

		
			1.The Borrower undertakes to maintain average monthly receipts during each period of the review of the Borrower’s performance of this Agreement, specified in § 4 Clause 7, to the Borrower’s current account kept with the Bank at not less than PLN 3,500,000 (say: three million five hundred thousand zlotys).
		

		
			2.If the Borrower repays the overdraft facility, granted pursuant to the agreement No. 02/230/04.Z/VV, the obligation, referred to in Clause 1, will be reduced down to PLN 1,500,000 (say: one million five hundred thousand zlotys), as the monthly average.
		

		
			 
		

		
			 
		

		

		

		 

		

			 

		

 

		

			 

		

		§ 11
		

		
			1.The Borrower undertakes to maintain its business in proper financial standing, achieving the following business results and financial ratios that will be reviewed by the Bank during the period of crediting in a given period of the review of the Borrower’s performance of this Agreement, specified in § 4 Clause 7,
		

		
			1/current ratio calculated as follows: (inventories – non-saleable inventories + short-term receivables – bad debts – receivables claimed through court proceedings + short-term investments)/(short-term liabilities to affiliates and other units, net of special funds) of not less than:
		

		
			a/ 0.5 – during the review period until 30 June 2014;
		

		
			b/ 0.6 – during the review period until 30 September 2014.
		

		
			2/debt ratio understood as a ratio of the result of operations (provisions + long-term liabilities + short-term liabilities + special funds + accruals) to total assets not higher than 80%,
		

		
			2.Financial ratios specified in Clause 1 will be reviewed by the Bank during a given period of the review of the Borrower’s performance of this Agreement (i.e. during the term of the Agreement from its date until the end of calendar quarter during which the Agreement was concluded or in each subsequent calendar quarter) on the basis of financial data obtained from the financial statements, referred to in in § 13.
		

		
			3.The failure to perform the obligations, referred to in § 13, by the Borrower is equivalent to the failure to perform the obligations, specified in Clause 1, by the Borrower and entitles the Bank to set the new margin in compliance with § 4 Clause 7.
		

		
			 
		

		
			§ 12
		

		
			Moreover, the Borrower undertakes:
		

		
			1/to use the credit facility for the purpose set out in § 1,
		

		
			2/not to enter into any agreements the provisions of which would be contrary to this Agreement;
		

		
			3/not to grant guarantees and sureties for other entities, exceeding in aggregate 15% of net assets specified in the audited annual financial statements for the preceding financial year, if audit is required by relevant regulations;
		

		
			4/not to enter into any agreements with other banks, without the Bank’s knowledge, after the date of this Agreement, for a credit facility, derivative transactions, constituting financial forward transactions within the meaning of Article 5 Clause 2 of the Act – Banking Law 
		

		 

		

			 

		

 

		

			 

		

		dated 29 August 1997 until the total repayment of the liabilities under this credit facility agreement,
		

		
			5/to submit to the Bank, in each calendar quarter, information regarding derivative transactions, made with other banks, on a form enclosed as Appendix No. 2 hereto,
		

		
			6/not to grant any powers of attorney to administer bank accounts, without written consent of the Bank (except for the powers of attorney granted to the Borrower’s employees). Assignment of the rights under bank account agreements or other restrictions regarding the administration of bank accounts in favour of other entities will require the Bank’s consent, 
		

		
			7/not to charge the assets constituting the Bank’s security in favour of other creditors,
		

		
			9/not to adopt any resolutions about the decrease of the company’s share capital;
		

		
			10/to notify the Bank about any events resulting in ownership and capital changes with respect to the business; the Bank reserves a right to review if the introduced changes or events that have occurred do not result in the increased risk that the credit facility will not be repaid and, if it is found that the risk has increased, to terminate credit facility as provided in § 14 Clause 2 hereof,
		

		
			11/to conduct business activities in compliance with law and to hold, during the crediting period, any required concessions, permits, licenses and approvals of relevant authorities for conducting business activities or certificates about registration in the registers of regulated activities as well as other documents if such obligation arises based on separate regulations,
		

		
			12/to notify the Bank about organisational and business events (including commenced court and administrative proceedings, in particular enforcement proceedings) that have material impact on legal, financial or economic position of the Borrower. The Bank reserves a right to review if the introduced changes or events that have occurred do not result in the increased risk that the credit facility will not be repaid and, if it is found that the risk has increased, to terminate credit facility as provided in § 14 Clause 2 hereof,
		

		
			13/to notify the Bank about the change of the address or corporate stamp, statistical number or any other particulars registered in the Bank’s IT system,
		

		
			14/to notify the Bank about the change of individuals performing the function of the President and members of the Management Board,
		

		
			15/to provide clarifications and submit documents regarding the project which receives crediting as well as its financial position, at each request of the Bank,
		

		
			16/to maintain continuity of the insurance of the Borrower’s property against theft, fire and other fortuitous events,
		

		
			17/to properly keep accounting books and corporate reporting and to audit annual financial 
		

		 

		

			 

		

 

		

			 

		

		statements by independent auditors in compliance with applicable regulations if such audit is necessary by relevant regulations,
		

		
			18/to notify the Bank immediately about any changes regarding its bank accounts,
		

		
			19/to enable the Bank to conduct the reviews at its registered office with respect to its financial position having impact on the timely repayment of the debt, including the access to accounting books and other documents and records of the company,
		

		
			20/to properly perform the provisions of other agreements concluded by the Borrower with the Bank,
		

		
			21/that the liabilities towards the Bank, under this Agreement, will rank at least pari passu with any other present and future liabilities in connection with the financial debt, except for liabilities the satisfaction of which is preferential based on mandatory regulations,
		

		
			22/to submit a request for proposal concerning lease or factoring services first to the entities that belong to the BRE Bank SA Group, i.e. to BRE Leasing Sp.z o.o., in the case of lease, or BRE Faktoring Spółka Akcyjna, in the case of factoring.
		

		
			 
		

		
			§ 13
		

		
			The Borrower undertakes to submit the following documents and information to the Bank:
		

		
			1/copies of F-01 GUS form immediately after it is drafted in compliance with applicable regulations and additional information or clarifications related with financial standing, required by the Bank,
		

		
			2/copy of annual financial statements immediately after they are drafted and again, after the audit by auditors, together with the auditor’s report, when the audit is required by relevant regulations, together with additional information or clarifications related with financial standing, required by the Bank,
		

		
			3/a statement about the amount of the existing and planned debt to other banks and financial institutions together with repayment time-limits: quarterly/semi-annually/annually,
		

		
			4/a certificate confirming no arrears towards ZUS (Social Insurance Company) and tax office – quarterly.
		

		
			 
		

		
			VIII. Breach of the Credit Facility Terms and Conditions 
		

		
			§ 14
		

		
			1.In the event the Bank finds that the terms and conditions of granting the credit facility have not been met or if the timely repayment of the credit facility is threatened due to poor financial standing of the Borrower, the Bank may:
		

		

		

		 

		

			 

		

 

		

			 

		

		1/suspend the Borrower’s right to continue the disbursement of the credit facility,
		

		
			2/serve termination notice with respect to the credit facility agreement,
		

		
			3/reduce the credit facility amount by a part of the entitlement that has not been used effective on the next business day from the date when written notification is delivered to the Borrower,
		

		
			4/request additional security of the credit facility repayment or the presentation of restructuring program within specified time as well as the execution of such program after the Bank’s approval,
		

		
			5/set-off its receivables under this credit facility agreement against the Borrower’s receivables arising from each agreement for a bank account kept by the Bank in favour of the Borrower during the termination notice period with respect to this agreement and after the lapse of termination notice period, and in particular in the event the Borrower submits a motion for the declaration of bankruptcy or opens reorganisation proceedings.
		

		
			2.Termination notice period will be 30 days and in the case there is a threat of the Borrower’s bankruptcy – 7 days.
		

		
			3.In the cases:
		

		
			1/referred to in Clause 1 Points 1-2, the Borrower is not entitled to any drawdowns, however, in the case of Clause 1 Point 1, the Bank will assess a given situation and will immediately notify the Borrower about the terms and conditions of the continued availability of the credit facility; after the Borrower fulfils the conditions presented by the Bank, the Borrower will regain the right to continue the disbursement of the credit facility;
		

		
			2/referred to in Clause 1 Point 3, the Bank is entitled to immediately suspend further disbursements of the remaining amount of the credit facility that has not been disbursed.
		

		
			4.At the latest, on the last day of the termination notice period with respect to the credit facility agreement, the Borrower will immediately repay the disbursed credit facility together with interest and other amounts due to the Bank.
		

		
			5.The Bank will notify the Borrower in writing about the actions, referred to in Clause 1 of this §, that were taken.
		

		
			6.The order of priority and choice of the subject of enforcement will rest with the Bank.
		

		
			 
		

		
			 
		

		

		

		 

		

			 

		

 

		

			 

		

		IX. Amendment to the Agreement 
		

		
			§ 15
		

		
			1.Any amendments to this Agreement will require the consent of the Parties hereto in writing under the pain of invalidity, subject to Clause 2. 
		

		
			2.The change of interest rate upon the terms and conditions of this Agreement does not require the signing of an annex.
		

		
			3.The application concerning the amendment to the credit facility agreement should be submitted to the other Party within not less than 15 days prior to the proposed time-limit of introducing the amendment.
		

		
			4.For the amendment to the contractual terms and conditions, confirmed by the signed annex to the Agreement and made upon the Borrower’s request, the Bank will charge a fee provided in the “BRE Bank SA Tariff of Banking Fees and Commissions” being in effect at the time when the grounds to charge it occur.
		

		
			 
		

		
			X. Final Provisions 
		

		
			§ 16
		

		
			The Bank is entitled to:
		

		
			1.use the services of specialised external entities with respect to forcible performance of the Agreement;
		

		
			2.transfer data about the liabilities arising from this agreement:
		

		
			a/to credit bureaus (BIG) operating pursuant to the Act on the Disclosure of Business Information and Exchange of Business Data dated 9 April 2010 (J.L. No. 81, item 530, as amended), if:
		

		
			-total amount of liabilities towards the Bank is at least PLN 500;
		

		
			-the performance(s) has/have been due for at least 60 days;
		

		
			-at least one month has lapsed since the creditor Bank that provides information has sent a request for payment, by registered letter, to the address for notices specified by the Borrower, and if the Borrower failed to specify such address, to the address of the Borrower’s registered office, containing a warning about the intention to disclose information to the bureau, together with the name and address of the registered office of that bureau.
		

		
			b/to interbank Banking Register System with the Association of Polish Banks (Związek Banków Polskich) with its registered seat in Warsaw as the Controller, in compliance with the provisions of the Banking Law and the Act on Personal Data Protection. Data 
		

		 

		

			 

		

 

		

			 

		

		regarding the Client collected in the Banking Register System may be disclosed to:
		

			
			
				 -
			

			
			
			  credit bureaus (BIG) operating pursuant to the Act on the Disclosure of Business Information and Exchange of Business Data dated 9 April 2010 (J.L. No. 81, item 530, as amended), to the extent and upon the terms and conditions specified in that Act, on the basis of the requests of such bureaus and to the extent specified therein;

			
			
				 -
			

			
			
			 financial institutions being the subsidiaries of the banks within the meaning of the Banking Law;

			
			
				 -
			

			
			
			 other institutions that are authorised by law in connection with their performance of banking operations upon the terms and conditions set out in the Banking Law.

		
			 
		

		
			§ 17
		

		
			1.BRE Bank S.A. with its registered office in Warsaw at 18 Senatorska Street, as the controller of personal data within the meaning of the Act on Personal Data Protection dated 29 August 1997, states that personal data of the Borrower (if any) and of the persons representing it will be processed in the banking data file in order to perform the conditions of the agreements concluded by the Borrower with the Bank.
		

		
			2.Moreover, BRE Bank states that in order to take the required steps related with the entry into and the performance of credit facility agreement and in order to exercise the statutory rights and obligations of the Bank related with the performance of banking operations, the Client’s personal data may be transferred to the Banking Register System, a data base, with the Association of Polish Banks (Związek Banków Polskich) with its registered seat in Warsaw as the controller of personal data within the meaning of the Act on Personal Data Protection, established and operating pursuant to Article 105 Clause 4, 4a and 4d and Article 105a of the Banking Law and to other institutions authorised by law to grant credit facilities in instances, to the extent and for the purpose set out in the Banking Law as well as to credit bureaus operating pursuant to the Act on the Disclosure of Business Information, to the extent and upon the terms and conditions specified in that Act.
		

		
			3.In compliance with the provisions of the Act on Personal Data Protection, the Borrower and persons representing it have the right to:
		

		
			1/access the contents of their data and to correct such data;
		

		
			2/object against the processing of own data for promotional and marketing purposes and own services and banking products of the Bank.
		

		
			 
		

		
			§ 18
		

		

		

		 

		

			 

		

 

		

			 

		

		1.The Borrower represents that it gives its consent for the transfer to Commerzbank AG and entities belonging to BRE Bank Group: BRE Leasing Spółka z ograniczoną odpowiedzialnością, BRE Faktoring Spółka Akcyjna and BRE Bank Hipoteczny Spółka Akcyjna of any data and information, covered by banking secrecy, related with the credit facility agreement concluded with the Bank as well as its performance, including the wording of the Agreement.
		

		
			2.Information about current registered offices and addresses of the entities, referred to in Clause 1, will be made available by the Bank to the Borrower on BRE Bank Group website at: www.brebank.pl.
		

		
			3.The Borrower represents that it familiarised itself with the information containing the description of market risk, in particular interest rate risk and foreign exchange risk, that may have an impact on the amount of the Client’s debt and the servicing expenses of the Credit Facility, available on the BRE Bank SA website at: www.brebank.pl.
		

		
			4.The Borrower agrees for sending commercial information within the meaning of Article 2 Point 2 of the Act on Electronic Services dated 18 July 2002 (Journal of Laws No. 144, item 1204, as amended), addressed to it, by the Bank, electronically, in particular by e-mail.
		

		
			 
		

		
			§ 19
		

		
			The Borrower represents that this Agreement:
		

		
			1/was signed by individuals fully authorised to that extent and all information that it delivered to the Bank in any form is true, complete and is without any omissions,
		

		
			2/fully complies with internal regulations of the Borrower, in particular its charter documents and documents that govern its scope of activities,
		

		
			3/is not contrary to any possessed concessions, permits, licenses, authorisations of relevant authorities concerning the performance of business activities, registrations as well as other provisions under law and any agreements or other obligations of the Borrower.
		

		
			 
		

		
			§ 20
		

		
			1.In the event individual provisions of this Agreement or agreements constituting its appendices become invalid, the remaining provisions will continue to be binding on the Parties.
		

		
			2.If the Bank fails to demand the performance of any of the contractual provisions, this will not constitute a waiver of the Bank’s rights arising from that provision or any other provision hereof.
		

		

		

		 

		

			 

		

 

		

			 

		

		3.All appendices to the Agreement constitute its integral part.
		

		
			 
		

		
			§ 21
		

		
			1.Communications and notices between the Parties will be deemed effective if sent to the following address:
		

		
			For the Bank:
		

		
			BRE Bank S.A., Oddział Korporacyjny Warszawa, ul. Królewska 14, 00-950 Warszawa
		

		
			 
		

		
			For the Borrower:
		

		
			01-018 Warszawa, ul. Wolność 3A
		

		
			2.The Parties agree that the delivery date will also be the date of the first notification about the delivery of registered mail, not delivered, sent to the latest address of the Borrower known to the Bank.
		

		
			3.The Borrower will use the following stamps/seals:
		

		
			 
		

		
			...............................................................................................................
		

		
			 
		

		
			§ 22
		

		
			The Borrower represents that individuals authorised to submit payment orders with respect to the disbursement of the credit facility funds are the persons authorised to administer any of the Borrower’s bank accounts kept under the agreement for current account No. 342258001 dated 31 March 2006.
		

		
			 
		

		
			§ 23
		

		
			1.Generally applicable provisions of Polish law will apply to matters not provided for hereunder, and in particular the provisions of the Civil Code and the Banking Law, subject to Clause 2.
		

		
			2.With respect to the payment services provided on the basis of this agreement (i.e. execution of payment transactions charged to the funds made available to the Borrower in connection with the credit facility), the provisions of Section II of the Act on Payment Services and Articles 34-37, Article 40 Clauses 3-4, Article 45, Article 46 Clause 2-5, Article 47, Article 48, Article 51 and Articles 144-146 of the Act on Payment Services or, if permitted, other provisions of law that modify or amend the said regulations, will not apply.
		

		
			 
		

		

		

		 

		

			 

		

 

		

			 

		

		§ 24
		

		
			Any disputes between the Parties under this Agreement will be resolved by the common court of law of appropriate jurisdiction for the registered office of the Bank’s branch.
		

		
			 
		

		
			§ 25
		

		
			The Agreement was made in two counterparts, one for each Party. 
		

		
			 
		

		
			/s/ Dariusz Kwas 
		

		
			/s/ Dariusz Bernat 
		

		
			On behalf of the Borrower
		

		
			 
		

		
			/s/ Elżbieta Weydmann 
		

		
			/s/ Andrzej Ostrycharz 
		

		
			On behalf of the Bank
		

		
			 
		

		
			 
		

		
			Identity of the persons signing the agreement confirmed by:
		

		
			.....................................................................
		

		
			(date, name, and signature of the Bank’s employee)
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		

		

		 

		

			 

		

 

		

			 

		

		Appendix No. 1
		

		
			To the Agreement No. 02/408/13/Z/OB
		

		
			 
		

		
			Warsaw, 12/11/2013
		

		
			 
		

		
			STATEMENT ON VOLUNTARY SUBMISSION TO ENFORCEMENT BASED ON BANK ENFORCEMENT ORDER
		

		
			 
		

		
			On behalf of Casinos Poland Sp. z o.o. with its registered office in Warsaw, 01-018 Warsaw, 3A Wolność Street, entered into the companies register kept by the District Court for the capital city of Warsaw, 12th Commercial Division of the National Court Register, under KRS 0000016809, with its tax identification number NIP: 526-020-92-60, REGON No. 001308154, with its share capital in the amount of PLN 5,100,000 as at 12 November 2013
		

		
			 
		

		
			we hereby declare that we voluntarily submit ourselves to enforcement pursuant to Article 97 of the Act – the Banking Law dated 29 August 1997 (i.e.: Journal of Laws of 2002, No. 72, item 665, as amended) and we authorise BRE Bank Spółka Akcyjna with its registered office in Warsaw at 18 Senatorska Street, entered into the companies register kept by the District Court for the capital city of Warsaw, 12th Commercial Division of the National Court Register, under KRS: 0000025237 (the “Bank”), to:
		

		
			 
		

		
			-issue bank enforcement order up to the amount of PLN 18,000,000 (say: eighteen million zlotys) in the event we fail to perform the obligations arising from banking operations carried out under the Credit Facility Agreement No. 02/408/Z/OB dated 12 November 2013, together with interest and other expenses, and 
		

		
			 
		

		
			-capitalise the receivable covered by the bank enforcement order and calculate the interest on the capitalised receivable in compliance with Article 359 of the Civil Code, and
		

		
			 
		

		
			-issue bank enforcement order for the delivery of the objects constituting the subject of the pledge established as a security of the liabilities of Casinos Poland Sp. z o.o. in connection with the granting of credit facility on the basis of Credit Facility Agreement No. 02/408/13/Z/OB dated 12 November 2013, and
		

		
			 
		

		
			-file an application with the court for appending enforcement clause to such orders at the 
		

		 

		

			 

		

 

		

			 

		

		latest by 30 November 2017.
		

		
			 
		

		
			At the same time, we declare that we have familiarised ourselves with and approve the wording of this statement and the note below.
		

		
			 
		

		
			On behalf of the Borrower:
		

		
			/s/ Dariusz Kwas 
		

		
			/s/ Dariusz Bernat 
		

		
			 
		

		
			Note
		

		
			Banks may  issue bank enforcement orders on the basis of their books or other documents related with the performance of banking operations (Article 96 Clause 1 of the Banking Law).
		

		
			A bank enforcement order may constitute the grounds of an enforcement procedure conducted in compliance with the provisions of the Code of Civil Procedure after the court appends the enforcement clause to it exclusively with respect a person who executed banking operation directly with the bank or who is the bank’s debtor in connection with the security of the bank’s receivables arising from the banking operation and who submitted a written statement about submission to enforcement and when the claim underlying the order has arisen directly from that banking operation or its security (Article 97 Clause 1 of the Banking Law).
		

		
			The bank files an application for appending enforcement clause to bank enforcement order with a court of relevant jurisdiction for the place of residence/ registered office of the debtor.
		

		
			In the proceedings for appending enforcement clause to bank enforcement order the court examines if the debtor has submitted itself to enforcement and if the claim underlying the order arises from banking operation executed directly with the bank or from the security of the bank’s claim arising from that operation.
		

		
			The court’s decision regarding the appending of enforcement clause may be appealed against. The period of seven days for filing an appeal runs for the creditor from the date when enforcement order or refusal was issued to it, for the debtor – from the date when the notification about the institution of enforcement proceedings (Article 795 of the Code of Civil Procedure) is delivered to it.
		

		

		

		 

		

			 

		

 

		

			 

		

		 
		

		
			Appendix No. 2
		

		
			To the Agreement No. 02/408/13/Z/OB
		

		
			 
		

		
			Quarterly Report
		

		
			on open derivative transactions:
		

		
			as at .................................................................. (day, month, year)
		

		
			 
		

			
					
						No.

					
					
						Bank’s name

					
					
						Transaction Type (forward, options, swap, other)

					
					
						Volume (value, currency)

					
					
						Validity Period

					
					
						Current Valuation

					
					
						Security

				
	
					
						1.

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						2.

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						3.

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						4.

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						5.

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		
			on the limits with other banks for derivative transactions:
		

		
			 
		

			
					
						No.

					
					
						Bank’s name

					
					
						Available limit for derivative transactions

					
					
						Provided security

				
	
					
						1.

					
					
						 

					
					
						 

					
					
						 

				
	
					
						2.

					
					
						 

					
					
						 

					
					
						 

				
	
					
						3.

					
					
						 

					
					
						 

					
					
						 

				
	
					
						4.

					
					
						 

					
					
						 

					
					
						 

				
	
					
						5.

					
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		
			On behalf of the Client Casinos Poland Sp. z o.o.
		

		
			/s/ Dariusz Kwas 
		

		
			/s/ Dariusz Bernat 
		

		
			 
		

		
			Identity of the persons signing the agreement confirmed by:
		

		
			.....................................................................
		

		
			(date, name, and signature of the Bank’s employee)

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