0001047469-05-003765 Sample Contracts

AMENDMENT TO SOUTHERN IOWA GAMING CONTRACT
Asset Purchase and Sale Agreement • February 14th, 2005 • HGI - Lakeside • Services-miscellaneous amusement & recreation • Iowa

This amendment ("Amendment") to the Asset Purchase and sale Agreement, dated July 20, 2004 (the "Agreement"), by and between Southern Iowa Gaming Co., an Iowa corporation (together with its respective affiliates, "Seller") and Herbst Gaming, Inc., a Nevada corporation, ("Buyer") (collectively, the "Parties") is entered into as of December , 2004.

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HERBST GAMING, INC. 7% Senior Subordinated Notes due 2014 PURCHASE AGREEMENT
Purchase Agreement • February 14th, 2005 • HGI - Lakeside • Services-miscellaneous amusement & recreation • New York

In rendering such opinion, such counsel may state that its opinion is limited to matters governed by the Federal laws of the United States of America and the laws of the State of Nevada.

AMENDMENT TO ST. JOSEPH RIVERBOAT GAMING CONTRACT
Asset Purchase and Sale Agreement • February 14th, 2005 • HGI - Lakeside • Services-miscellaneous amusement & recreation • Missouri

This amendment ("Amendment") to the Asset Purchase and sale Agreement, dated July 20, 2004 (the "Agreement"), by and between St. Joseph Riverboat Partners, a Missouri general partnership (together with its respective affiliates, "Seller") and Herbst Gaming, Inc., a Nevada corporation, ("Buyer") (collectively, the "Parties") is entered into as of December , 2004.

SECOND AMENDMENT TO SOUTHERN IOWA GAMING CONTRACT
Asset Purchase and Sale Agreement • February 14th, 2005 • HGI - Lakeside • Services-miscellaneous amusement & recreation • Iowa

This second amendment ("Second Amendment") to the Asset Purchase and Sale Agreement, dated July 20, 2004 (the "Agreement"), by and between Southern Iowa Gaming Co., an Iowa corporation (together with its respective affiliates, "Seller") and Herbst Gaming, Inc., a Nevada corporation, ("Buyer") (collectively, the "Parties") is entered into as of January 25, 2005.

OPERATING AGREEMENT OF FLAMINGO PARADISE GAMING, LLC A Nevada Limited Liability Company
Operating Agreement • February 14th, 2005 • HGI - Lakeside • Services-miscellaneous amusement & recreation • Nevada

THIS OPERATING AGREEMENT is made and entered into as of the 15th day of September 1999 by the undersigned member of Flamingo Paradise Gaming, LLC (the "Company"). The Company may admit additional members from time to time. The undersigned and the additional members shall hereafter be referred to herein as the "Members."

AMENDMENT TO MARK TWAIN CASINO GAMING CONTRACT
Asset Purchase and Sale Agreement • February 14th, 2005 • HGI - Lakeside • Services-miscellaneous amusement & recreation • Missouri

This amendment ("Amendment") to the Asset Purchase and sale Agreement, dated July 20, 2004 (the "Agreement"), by and between Mark Twain Casino, L.L.C., a Missouri limited liability company (together with its respective affiliates, "Seller") and Herbst Gaming, Inc., a Nevada corporation, ("Buyer") (collectively, the "Parties") is entered into as of December , 2004.

OPERATING AGREEMENT OF E-T-T ENTERPRISES LLC, a Nevada limited-liability company
Operating Agreement • February 14th, 2005 • HGI - Lakeside • Services-miscellaneous amusement & recreation • Nevada

THIS OPERATING AGREEMENT (the "Agreement") is entered into as of the 1st day of January, 1997, by and among Ed Herbst, Tim Herbst, and Troy Herbst (the "Members"). In consideration of the mutual promises contained herein, and each act to be performed hereunder, the Members agree as follows:

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