0001499268-13-000038 Sample Contracts

OPERATING AGREEMENT OF THE SANDS REGENT, LLC a Nevada limited liability company
Operating Agreement • May 8th, 2013 • Affinity Gaming • Hotels & motels • Nevada

This Operating Agreement (this "Agreement") of The Sands Regent, LLC, a Nevada limited liability company (the "Company"), is made, adopted and entered into at Las Vegas, Nevada, as of December 31, 2010 (the "Effective Date"), by Herbst Gaming, LLC, a Nevada limited liability company (the "Member"), which is the sole member of the Company, with reference to the recitals set forth below.

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OPERATING AGREEMENT OF
Operating Agreement • May 8th, 2013 • Affinity Gaming • Hotels & motels • Colorado

This OPERATING AGREEMENT (this "Agreement"), dated as of October 27, 2011 (the "Effective Date"), is made by Affinity Gaming, LLC, a Nevada limited liability company ("AG LLC"), as the sole member of the Company. For purposes of this Agreement, the term "Member" shall refer only to AG LLC.

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