Exhibit 10.5
Joinder Agreement
August 13, 2013
J.P. Morgan Securities LLC
Goldman, Sachs & Co.
Deutsche Bank Securities Inc.
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
Wells Fargo Securities, LLC
Credit Agricole Securities (USA) Inc.
Barclays Capital Inc. UBS Securities LLC
As Representatives of the several
Initial Purchasers named in Schedule 1 of the Purchase Agreement
c/o J.P. Morgan Securities LLC
383 Madison Avenue
New York, New York 10179
Reference is hereby made to that purchase agreement (the “Purchase Agreement”) dated as of July 30, 2013 among PNK Finance Corp., a Delaware corporation (the “Issuer”) and wholly-owned unrestricted subsidiary of Pinnacle Entertainment, Inc., a Delaware corporation (the “Company”), and the Initial Purchasers relating to the issuance and sale to the Initial Purchasers of $850,000,000 aggregate principal amount of the Issuer’s 6.375% Senior Notes due 2021 (the “Notes”). Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to such terms in the Purchase Agreement.
1.Representations, Warranties and Agreements. Each of the undersigned hereby represents and warrants to and agrees that it has the requisite right, power and authority to execute, deliver and perform its obligations under this Joinder Agreement and to consummate the transactions contemplated hereby. This Joinder Agreement has been duly authorized, executed and delivered by each of the undersigned.
2.Joinder. Without limiting the generality of the foregoing, each of the undersigned agrees that it will be bound by all covenants, agreements, representations, warranties and acknowledgments attributable to the Company or the Guarantors, as applicable, under the Purchase Agreement, as if each of the undersigned was a party thereto as of the date of the Purchase Agreement.
3.Counterparts. This Joinder Agreement may be signed in one or more counterparts (which may be delivered in original form or facsimile or “pdf” file thereof), each of which shall constitute an original when so executed and all of which together shall constitute one and the same agreement.
4.Amendments. No amendment or waiver of any provision of this Joinder Agreement, nor any consent or approval to any departure therefrom, shall in any event be effective unless the same shall be in writing and signed by the parties thereto.
5.Headings. The section headings used herein are for convenience only and shall not affect the construction hereof.
6.APPLICABLE LAW. THE VALIDITY AND INTERPRETATION OF THIS JOINDER AGREEMENT, THE TERMS AND CONDITIONS SET FORTH HEREIN AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS JOINDER AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
IN WITNESS WHEREOF, each of the undersigned has caused this Joinder Agreement to be duly executed and delivered in New York, New York, by its proper and duly authorized officer as of the date set forth above.
| PINNACLE ENTERTAINMENT, INC. | ||||||
| By: | /s/ Carlos A. Ruisanchez | |||||
| Name: | Carlos A. Ruisanchez | |||||
| Title: | President and Chief Financial Officer | |||||
PNK (SAZ), LLC, a Texas limited liability company; | ||||||
PNK (SAM), LLC, a Texas limited liability company; | ||||||
BELTERRA RESORT INDIANA, LLC, a Nevada limited liability company; | ||||||
BOOMTOWN, LLC, a Delaware limited liability company; | ||||||
PNK (ES), LLC, a Delaware limited liability company; | ||||||
PNK (RENO), LLC, a Nevada limited liability company; | ||||||
PNK (LAKE CHARLES), L.L.C., a Louisiana limited liability company; | ||||||
PNK (STLH), LLC, a Delaware limited liability company; | ||||||
PNK (ST. LOUIS RE), LLC, a Delaware limited liability company; | ||||||
PNK DEVELOPMENT 7, LLC, a Delaware limited liability company; | ||||||
PNK DEVELOPMENT 8, LLC, a Delaware limited liability company; | ||||||
PNK DEVELOPMENT 9, LLC, a Delaware limited liability company; | ||||||
PNK (OHIO), LLC, an Ohio limited liability company; | ||||||
PNK (RIVER CITY), LLC, a Missouri limited liability company; and | ||||||
CASINO MAGIC, LLC, a Minnesota limited liability company | ||||||
| By: | Pinnacle Entertainment, Inc. | |||||
| Its: | Sole Member | |||||
| By: | /s/ Carlos A. Ruisanchez | |||||
| Name: | Carlos A. Ruisanchez | |||||
| Title: | President and Chief Financial Officer | |||||
[Signature Page to Purchase Agreement Joinder Agreement]
| PNK (OHIO) II, LLC, an Ohio limited liability company; and | ||||||||||
| PNK (OHIO) III, LLC, an Ohio limited liability company | ||||||||||
| By: | PNK (Ohio), LLC | |||||||||
| Its: | Sole Member | |||||||||
| By: | Pinnacle Entertainment, Inc. | |||||||||
| Its: | Sole Member | |||||||||
| By: | /s/ Carlos A. Ruisanchez | |||||||||
| Name: | Carlos A. Ruisanchez | |||||||||
| Title: | President and Chief Financial Officer | |||||||||
PRESIDENT RIVERBOAT CASINO-MISSOURI, INC., a Missouri corporation | ||||
| By: | /s/ Carlos A. Ruisanchez | |||
| Name: | Carlos A. Ruisanchez | |||
| Title: | Treasurer | |||
| PNK (BOSSIER CITY), INC., a Louisiana corporation | ||||
| By: | /s/ Carlos A. Ruisanchez | |||
| Name: | Carlos A. Ruisanchez | |||
| Title: | Treasurer | |||
| CASINO ONE CORPORATION, a Mississippi corporation | ||||
| By: | /s/ Carlos A. Ruisanchez | |||
| Name: | Carlos A. Ruisanchez | |||
| Title: | Treasurer | |||
| PNK (BILOXI), LLC, a Delaware limited liability company | ||||||||||
| By: | Casino Magic, LLC | |||||||||
| Its: | Sole Member | |||||||||
| By: | Pinnacle Entertainment, Inc. | |||||||||
| Its: | Sole Member | |||||||||
| By: | /s/ Carlos A. Ruisanchez | |||||||||
| Name: | Carlos A. Ruisanchez | |||||||||
| Title: | President and Chief Financial Officer | |||||||||
| LOUISIANA – I GAMING, a Louisiana Partnership in Commendam | ||||||||||
| By: | Boomtown, LLC | |||||||||
| Its: | General Partner | |||||||||
| By: | Pinnacle Entertainment, Inc. | |||||||||
| Its: | Sole Member | |||||||||
| By: | /s/ Carlos A. Ruisanchez | |||||||||
| Name: | Carlos A. Ruisanchez | |||||||||
| Title: | President and Chief Financial Officer | |||||||||
| OGLE HAUS, LLC, an Indiana limited liability company | ||||||||||
| By: | Belterra Resort Indiana, LLC | |||||||||
| Its: | Sole Member | |||||||||
| By: | Pinnacle Entertainment, Inc. | |||||||||
| Its: | Sole Member | |||||||||
| By: | /s/ Carlos A. Ruisanchez | |||||||||
| Name: | Carlos A. Ruisanchez | |||||||||
| Title: | President and Chief Financial Officer | |||||||||
| YANKTON INVESTMENTS, LLC, a Nevada limited liability company | ||||||||||
| By: | /s/ Carlos A. Ruisanchez | |||||||||
| Name: | Carlos. A. Ruisanchez | |||||||||
| Title: | Sole Manager | |||||||||
[Signature Page to Purchase Agreement Joinder Agreement]
| PNK (SCB), L.L.C., a Louisiana limited liability company | ||||||||||
| By: | PNK Development 7, LLC | |||||||||
| Its: | Sole Member | |||||||||
| By: | Pinnacle Entertainment, Inc. | |||||||||
| Its: | Sole Member | |||||||||
| By: | /s/ Carlos A. Ruisanchez | |||||||||
| Name: | Carlos A. Ruisanchez | |||||||||
| Title: | President and Chief Financial Officer | |||||||||
| PNK (BATON ROUGE) PARTNERSHIP, a Louisiana partnership | ||||||||||||||||
| By: | PNK Development 8, LLC | |||||||||||||||
| Its: | Managing Partner | |||||||||||||||
| By: | Pinnacle Entertainment, Inc. | |||||||||||||||
| Its: | Sole Member | |||||||||||||||
| By: | /s/ Carlos A. Ruisanchez | |||||||||||||||
| Name: | Carlos A. Ruisanchez | |||||||||||||||
| Title: | President and Chief Financial Officer | |||||||||||||||
| ACE GAMING, LLC, a New Jersey limited liability company; and | ||||||||||||
| MITRE ASSOCIATES, LLC, a Delaware limited liability company | ||||||||||||
| By: | PNK Development 13, LLC | |||||||||||
| Its: | Sole Member | |||||||||||
| By: | PNK (BILOXI), LLC | |||||||||||
| Its: | Sole Member | |||||||||||
| By: | Casino Magic, LLC | |||||||||||
| Its: | Sole Member | |||||||||||
| By: | Pinnacle Entertainment, Inc. | |||||||||||
| Its: | Sole Member | |||||||||||
| By: | /s/ Carlos A. Ruisanchez | |||||||||||
| Name: | Carlos A. Ruisanchez | |||||||||||
| Title: | President and Chief Financial Officer | |||||||||||
[Signature Page to Purchase Agreement Joinder Agreement]
AREH MLK LLC, a Delaware limited liability company; | ||||||||||
PSW PROPERTIES, LLC, a Delaware limited liability company; | ||||||||||
AREP BOARDWALK PROPERTIES, LLC, a Delaware limited liability company; and | ||||||||||
PNK DEVELOPMENT 13, LLC, a New Jersey limited liability company | ||||||||||
| By: | PNK (Biloxi), LLC | |||||||||
| Its: | Sole Member | |||||||||
| By: | Casino Magic, LLC | |||||||||
| Its: | Sole Member | |||||||||
| By: | Pinnacle Entertainment, Inc. | |||||||||
| Its: | Sole Member | |||||||||
| By: | /s/ Carlos A. Ruisanchez | |||||||||
| Name | : Carlos A. Ruisanchez | |||||||||
| Title: | President and Chief Financial Officer | |||||||||
[Signature Page to Purchase Agreement Joinder Agreement]
AMERISTAR CASINO BLACK HAWK, INC., a Colorado corporation; | ||||||
AMERISTAR CASINO COUNCIL BLUFFS, INC., an Iowa corporation; | ||||||
AMERISTAR CASINO ST. CHARLES, INC., a Missouri corporation; | ||||||
AMERISTAR CASINO ST. LOUIS, INC., a Missouri corporation; | ||||||
AMERISTAR CASINO KANSAS CITY, INC., a Missouri corporation; | ||||||
AMERISTAR CASINO VICKSBURG, INC., a Mississippi corporation; | ||||||
CACTUS PETE’S, INC., a Nevada corporation; | ||||||
AMERISTAR CASINO LAS VEGAS, INC., a Nevada corporation; and | ||||||
AMERISTAR CASINOS FINANCING CORP., a Nevada corporation | ||||||
| By: | /s/ Carlos A. Ruisanchez | |||||
| Name: | Carlos A. Ruisanchez | |||||
| Title: | President | |||||
AMERISTAR EAST CHICAGO HOLDINGS, LLC, an Indiana limited liability company; | ||||||
AMERISTAR CASINO SPRINGFIELD, LLC, a Massachusetts limited liability company; | ||||||
AMERISTAR LAKE CHARLES HOLDINGS, LLC, a Louisiana limited liability company; and | ||||||
AMERISTAR CASINO EAST CHICAGO, LLC, an Indiana limited liability company | ||||||
| By: | /s/ Carlos A. Ruisanchez | |||||
| Name: | Carlos A. Ruisanchez | |||||
| Title: | Sole manager | |||||
AMERISTAR CASINO LAKE CHARLES, LLC, a Louisiana limited liability company | ||||||
| By: | Ameristar Lake Charles Holdings, LLC, its sole member | |||||
| By: | /s/ Carlos A. Ruisanchez | |||||
| Name: | Carlos A. Ruisanchez | |||||
| Title: | Sole manager | |||||