COMMERCIAL SECURITY AGREEMENTCommercial Security Agreement • May 31st, 2007 • American Wagering Inc • Services-miscellaneous amusement & recreation • Nevada
THIS COMMERCIAL SECURITY AGREEMENT dated February 21, 2006, is made and executed between AWI GAMING, INC. (“Grantor”) and GREAT BASIN BANK OF NEVADA (“Lender”).
COMMERCIAL GUARANTYAmerican Wagering Inc • May 31st, 2007 • Services-miscellaneous amusement & recreation
CONTINUING GUARANTEE OF PAYMENT AND PERFORMANCE. For good and valuable consideration, Guarantor absolutely and unconditionally guarantees full and punctual payment and satisfaction of the Indebtedness of Borrower to Lender, and the performance and discharge of all Borrower’s obligations under the Note and the Related Documents. This is a guaranty of payment and performance and not of collection, so Lender can enforce this Guaranty against Guarantor even when Lender has not exhausted Lender’s remedies against anyone else obligated to pay the Indebtedness or against any collateral securing the Indebtedness, this Guaranty or any other guaranty of the Indebtedness. Guarantor will make any payments to Lender or its order, on demand, in legal tender of the United States of America, in same-day funds, without set-off or deduction or counterclaim, and will otherwise perform Borrower’s obligations under the Note and Related Documents. Under this Guaranty, Guarantor’s liability is unlimited and
COMMERCIAL GUARANTYAmerican Wagering Inc • May 31st, 2007 • Services-miscellaneous amusement & recreation
CONTINUING GUARANTEE OF PAYMENT AND PERFORMANCE. For good and valuable consideration, Guarantor absolutely and unconditionally guarantees full and punctual payment and satisfaction of the Indebtedness of Borrower to Lender, and the performance and discharge of all Borrower’s obligations under the Note and the Related Documents. This is a guaranty of payment and performance and not of collection, so Lender can enforce this Guaranty against Guarantor even when Lender has not exhausted Lender’s remedies against anyone else obligated to pay the Indebtedness or against any collateral securing the Indebtedness, this Guaranty or any other guaranty of the Indebtedness. Guarantor will make any payments to Lender or its order, on demand, in legal tender of the United States of America, in same-day funds, without set-off or deduction or counterclaim, and will otherwise perform Borrower’s obligations under the Note and Related Documents. Under this Guaranty, Guarantor’s liability is unlimited and
SEVERANCE AGREEMENTSeverance Agreement • May 31st, 2007 • American Wagering Inc • Services-miscellaneous amusement & recreation
This SEVERANCE AGREEMENT (the “Agreement”) is entered into this 9th day of February, 2007 (the “Execution Date”), by and between American Wagering, Inc., a Nevada corporation (the “Company”) and Timothy Lockinger, whose present residential address is 4770 South Arezzo Ave, Pahrump, Nevada 89061 (“Lockinger”) (together the “Parties”).
