FORBEARANCE AGREEMENTForbearance Agreement • February 23rd, 2009 • Rbg, LLC • Real estate operators (no developers) & lessors • New York
THIS FORBEARANCE AGREEMENT (this “Agreement”), dated as of the 19th day of February, 2009 (the "Execution Date”), is entered into by and among Virgin River Casino Corporation, a Nevada corporation (“Virgin River”), RBG, LLC, a Nevada limited liability company (“RBG”), B & BB, Inc., a Nevada corporation (“B&BB” and, together with Virgin River and RBG, the “Issuers”), Casablanca Resorts, LLC, a Nevada limited liability company (“Casablanca”), Oasis Interval Ownership, LLC, a Nevada limited liability company (“Oasis Ownership”), Oasis Interval Management, LLC, a Nevada limited liability company (“Oasis Management”), Oasis Recreational Properties, Inc., a Nevada corporation (“Oasis Recreational”), Black Gaming, LLC, a Nevada limited liability company (“Black Gaming”), R. Black, Inc., a Nevada corporation (“R. Black” and, together with Casablanca, Oasis Ownership, Oasis Management, Oasis Recreational, and Black Gaming, the “Guarantors” and, together with the Issuers, the “Obligors”) and Dra
