Peninsula Gaming, LLC
EX-10.56
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<TYPE>EX-10.56
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<FILENAME>a07-9520_1ex10d56.htm
<DESCRIPTION>EX-10.56
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<p align="right" style="margin:0pt 0pt 12.0pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit
10.56</font></b></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AMENDED
AND RESTATED OPERATOR&#146;S AGREEMENT</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Operator&#146;s
Agreement (&#147;Agreement&#148;) is made and entered into by and between the Worth
County Development Authority, an Iowa not-for-profit corporation (the &#147;WCDA&#148;)
and Diamond Jo Worth L.L.C., an Iowa Limited Liability Company (&#147;Diamond Jo&#148;)
as of the 5th day of November, 2004.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the WCDA
is an Iowa non-profit corporation, with its principal place of business in
Worth County, Iowa, which corporation intends to apply for a license to be granted
by the Iowa Racing and Gaming Commission (&#147;the IRGC&#148;) for a gaming facility,
and</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, Diamond
Jo wishes to enter into an Agreement with the WCDA as the operator of such
gaming facility pursuant to the rules and regulations of the IRGC.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NOW THEREFORE, for
and in consideration of the mutual covenants herein contained, it is agreed as
follows:</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The parties agree to jointly submit
an application to the IRGC (the &#147;Application&#148;) for a license pursuant to which
they will operate a gaming facility in Worth County, Iowa.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; This agreement shall commence on
the date of its execution (the &#147;Commencement Date&#148;) and terminate on March 31,
2015, unless terminated earlier pursuant to paragraph 12 below; provided, however,
that so long as Diamond Jo has substantially complied with this Agreement and
the IRGC rules and the parties gaming license is renewed and/or in effect, Diamond
Jo is hereby granted the right to renew this Agreement for succeeding three
year periods, the last of which shall terminate on the last date for licensed
gaming as approved by Worth County voters pursuant to Chapter 99F of the Code
of Iowa.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Diamond Jo as operator, shall be
responsible for the payment of the initial application fees, all annual
licensing fees as required by the IRGC, the payment of all premiums or any additional
fees required by the IRGC and all gaming taxes under the provisions of Iowa
Code Chapter 99F and its regulations and any amendments thereto, all of which
are required in order to maintain a gaming license.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Diamond Jo agrees to provide WCDA
with all necessary accounting information required by the IRGC to calculate the
adjusted gross receipts (which, for the purposes of this Agreement, shall be
the same calculation/formula used to determine the gaming taxes as assessed
pursuant to Iowa Code Chapter 99F).&#160;
Diamond Jo shall comply with all reasonable requests of the WCDA and/or
the IRGC, or any other regulatory body of competent jurisdiction to determine
the extent of the gaming tax or any fee required under this Agreement, and
further agrees to make any payments required in a timely fashion.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Upon issuance of a gaming license by
the IRGC and commencing on the commencement of operations (and continuing for
the term of this Agreement), Diamond Jo shall</font></p>


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<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">pay a fee to the WCDA
equal to 5.76% of each week&#146;s adjusted gross receipts (as defined in Section
99F.1(1) of the Iowa Code),&#160; this fee
shall include and be in lieu of any fee which might be imposed by a city under
99F.10(3) of the Iowa Code.&#160; The payments
hereunder shall be made by 12:00 Noon on Friday following the completion of
each calendar week.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; From said sums, the WCDA shall be
responsible for all distributions required by Iowa Code Section 99F.5,
Subsection 1, all of its administrative costs (other than initial application
costs), the annual DCI investigation of its board members as required, all
legal expenses, salaries, and all related costs associated with the administration
of its license.&#160; Diamond Jo agrees to
continue to advance WCDA $5,000 each month until commencement of operations, at
which time Diamond Jo shall receive a credit for any amounts so advanced to the
WCDA.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Diamond Jo covenants and agrees to
be responsible for the payment of all regulatory charges as required by the
IRGC.&#160; Diamond Jo shall provide, at its
expense, all necessary accounting and documentation to establish to the
reasonable satisfaction of the WCDA, Worth county and the IRGC, the computation
of the fees set forth above.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In the event the wagering tax
charged by the State of Iowa under 99F.11 of the code of Iowa is increased
above its current top bracket rate of 22% of the adjusted gross receipts, Diamond
Jo shall be entitled to a prorated credit against payments due under this
Agreement equal to the amount of such increased by any legislation tax payable
to the state less any operational cost savings attributable to such
legislation.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Diamond Jo agrees to design,
construct, operate and manage a casino with no less than 700 gaming
positions.&#160; diamond Jo shall design and construct
an approved body of water of sufficient size to meet IRGC requirements.&#160; Diamond Jo commits to construct a two phase,
100 room hotel development, subject to obtaining a third party equity
investment proposal acceptable to Diamond Jo (and if necessary, the successful
completion of an intrastate securities offering) with commencement of
construction as soon as is commercially reasonable under the circumstance.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Diamond Jo agrees to hold the WCDA
harmless and to defend it from any and all claims arising out of Diamond Jo&#146;s
operation of the gaming facility and any related activity of Diamond Jo
required by this Agreement, city and county ordinances, or stat or federal
statues, and all regulations promulgated thereunder.&#160; Diamond Jo shall be responsible for the payment
of all legal expenses incurred by the WCDA in defense of any such claim, and
all costs attributable thereto including payments of any settlements, damage
awards and interest thereon.&#160; Diamond Jo
shall not be responsible for any acts or omissions of the WCDA, and the
indemnity shall not apply thereto.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The WCDA agrees with Diamond Jo
that it will not enter into any agreements with any operators, and will. not
make application to the IRGC for any operator, to operate a gaming facility within
Worth County without first obtaining the written consent of Diamond Jo which
may be withheld by Diamond Jo for any reason in Diamond Jo&#146;s sole and absolute
discretion.&#160; In addition, the WCDA agrees
to take all reasonable steps available to the</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WCDA to prevent any other
operator or excursion boat gambling license holder form conducting, operations within
Worth County without the written prior permission of Diamond Jo.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; It is agreed that this Agreement is
intended to comply with and is subject to all the rules and regulations of the
IRGC, the ordinances of Worth County, and the laws of the State of Iowa and of
the United States of America.&#160; The terms
of this Agreement are subject to amendment to comply with any of said
requirements or any changes in any laws or regulations.&#160; In the event that nay provision of this
Agreement is determined to be invalid by a court of competent jurisdiction, the
remaining provisions of this agreement shall remain in full force and effect.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Diamond Jo agrees that it will provide,
at its expense, within the time requirement set forth by the regulations of the
IRGC, all necessary audits of financial transactions and conditions of the
operations conducted by Diamond Jo, as well as audits of the financial
transactions and conditions of Diamond Jo&#146;s total operations as required by the
rules and regulations of the IRGC.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Diamond Jo and the WCDA do hereby
agree and covenant with each other to comply with the terms of Iowa Code,
Section 99F, all chapters of the Iowa Code, the U.S. Federal Code, all City
ordinances of Worth County, and any and all regulations promulgated pursuant to
any such law as duly adopted.&#160; Both
parties represent an covenant with each other that they will cooperate with
each other on public relations and marketing issued as appropriate and take all
other reasonable actions in order to achieve their mutual goals.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In the event either Diamond Jo or the
WCDA is deemed by the other or the IRGC not to be in compliance with the terms
of this Agreement, the non-breaching party or the IRGC shall be entitled to
specific performance of the terms of this Agreement.&#160; Further, the parties agree that in the event
of any operational default, the defaulting party shall be required to cure such
default to the satisfaction of the IRGC.&#160;
In the event said party does not cure the default to the satisfaction of
the IRGC, then the non-defaulting party may, at its option, after obtaining
written approval from the IRGC and giving the other party thirty (30) days
written notice and opportunity to cure, declare this Agreement terminated.&#160; This Agreement may be terminated by Diamond
Jo if the parties are not issued a license by the IRGC on or before January 1,
2005, upon giving WCDA thirty (30) days written notice and opportunity to cure,
upon the occurrences of any of the following event:</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Loss or suspension for more than
thirty (30) days of gaming, liquor or any governmental license required to
operate a gaming facility;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Material breach of Diamond Jo&#146;s obligations
under this Agreement;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Absence of an operation gaming
facility by Diamond Jo in Worth County for more than thirty (30) days in any
twelve-month period;</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If by reason of <i>Force Majeure</i> (as hereinafter defined) either party is
unable to carry out, either in whole or in part, its obligations herein
contained, that party shall not be deemed in default and its obligations shall
be suspended so long as such inability continues, provided that it shall use
commercially reasonable efforts to perform its obligations.&#160; &#147;<i>Force Majeure</i>&#148;
shall mean acts of God, winds; hurricanes, tornadoes; fires; epidemic; landslides;
earthquakes; floods; strikes; lockouts or other industrial disturbances; acts
of public enemies, acts, failures to act or orders of any kind of governmental authorities,
action in their regulatory or judicial capacity, which are unrelated to the
performance of Diamond Jo; insurrections, military action; war, whether or not
it is declared; sabotage; riots; civil disturbances; explosions; or any cause
or event, not reasonably within the control of either party, which precludes
that party from carrying out, in whole or in part, its obligations under this
Agreement.&#160; However, <i>Force
Majeure</i> shall not excuse payment of Diamond Jo&#146;s obligations under paragraph
5.A. for the first four weeks of such occurrence; further, in the event that there
is no operational gaming facilities by Diamond Jo in Worth County for more than
six consecutive months at any time or a total of nine months during the term of
this Agreement, Diamond Jo&#146;s obligations herein shall no longer be excused.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Diamond Jo agrees to provide the WCDA
financial performance reports of Diamond Jo&#146;s operations on a monthly basis.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; This Agreement embodies the entire
agreement between the parties and may be amended or supplemented only by and
instrument in writing executed by the party against whom the enforcement is
sought.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; All representations, warranties and
indemnities set forth in this Agreement shall survive the execution hereof.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; This Agreement may be executed in a
number of identical counterparts, and is so executed, each such counterpart is
deemed an original for all purposes, and all such counterparts shall collectively
constitute on agreement.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; This Agreement binds the parties
hereto and inures to the benefit of their respective heirs, personal representatives,
successors or assigns.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In addition to the acts and deeds
recited in this Agreement and contemplated herein, the parties hereto shall
execute any and all additional agreements as may be necessary to consummate the
transactions contemplated by this Agreement and to fulfill the intentions of
this Agreement.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Time is of the essence of this
Agreement and each and every provision contained herein.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In the event a dispute arises between
the parties, hereto, each party shall be responsible for paying its own
attorney&#146;s fees and court costs, if any, incurred in connection with such
dispute.</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">21.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; If and in the event of a dispute
arising hereunder, venue is vested in the Iowa District Court for Worth county,
or in any Federal District Court in Iowa which has jurisdiction.&#160; Diamond Jo acknowledges that it has negotiated
in agreement in Worth County, Iowa, and has made numerous business contacts and
entered into agreements relating to matters sufficient to confer jurisdiction
on the Iowa District Court in and for Worth County.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">22.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The parties hereto represent to each
other that each has the full right, power and authority to enter into this
Agreement and to fully perform its obligations.&#160;
the person executing this Agreement warrant and represent that each has
the authority to execute in the capacity stated and to bind the parties hereto.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; If, and in the event, any provision
of this Agreement is determined to be invalid for any reason, it shall be severed
and all other provisions not determined invalid shall continue with full force
and effect.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; No failure by either party hereto, at
any time, to require the performance by the other of any terms of this
Agreement, shall in any way affect the right of either party to enforce such
terms, nor shall any waiver, by either party of any terms hereof be taken or
held to be a waiver of any other provisions of this Agreement.&#160; No waiver of any term or provision of this
Agreement shall be effective unless the same is in writing, signed by the
parties hereto.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">25.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; This Agreement is entered into in the
State of Iowa and shall be construed in accordance therewith, and all of the
rights and obligations hereunder shall be determined in accordance with the laws
of the State of Iowa.&#160; This Agreement is
expressly subject tot the consent of the IRGC and Diamond Jo&#146;s lenders.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Agreement is
signed and entered into as of the day and year first above written.</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
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  <td width="41%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.68%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlNoTableShading --><b>DIAMOND JO WORTH, L.L.C.</b></p>
  </td>
  <td width="58%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:58.32%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.98%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.7%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="58%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:58.32%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By</font></p>
  </td>
  <td width="38%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:38.7%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;/s/ Natalie Schramm</font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:38.7%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WORTH COUNTY DEVELOPMENT AUTHORITY</font></b></p>
  </td>
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  <td width="41%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.68%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="58%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:58.32%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.98%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By</font></p>
  </td>
  <td width="38%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:38.7%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;/s/ Steven C Miller Jr</font></p>
  </td>
  <td width="58%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:58.32%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
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<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">.</font></p>

<p align="right" style="margin:0pt 0pt 12.0pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>
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