Eighth Amendment to

This Agreement (“Agreement”) made and entered into as of this 17th day of February, 2022, and effective as described in Section 9 below, is by and among the Division of Lotteries of the Rhode Island Department of Revenue, an agency of the State of Rhode Island, with its principal address at 1425 Pontiac Avenue, Cranston, Rhode Island 02920 (the “Division”) and UTGR, Inc., a Delaware corporation with its principal address at 100 Twin River Road Lincoln, Rhode Island 02865 (“UTGR”).

Among other things, this Agreement constitutes the Eighth Amendment (the “UTGR Eighth Amendment”) to that certain Master Video Lottery Terminal Contract by and between the Division and UTGR dated as of July 18, 2005 (the “Original UTGR Contract”), as amended by that certain First Amendment to Master Video Lottery Terminal Contract dated November 4, 2010 (the “ UTGR First Amendment”), that certain Second Amendment to Master Video Lottery Terminal Contract dated May 3, 2012 (the “UTGR Second Amendment”), that certain Third Amendment to Master Video Lottery Terminal Contract dated September 18, 2012 (the “UTGR Third Amendment”), that certain Fourth Amendment to Master Video Lottery Terminal Contract dated July 1, 2014 (the “UTGR Fourth Amendment”), that certain Fifth Amendment to Master Video Lottery Terminal Contract dated May 2, 2017 (the “UTGR Fifth Amendment”), that certain Sixth Amendment to Master Video Lottery Terminal Contract by and between the Division and UTGR dated May 3, 2017 (the “UTGR Sixth Amendment”) and that certain Seventh Amendment to UTGR Master Video Lottery Terminal Contract dated February 6, 2018 (the “UTGR Seventh Amendment”) and as modified by the agreement dated October 18, 2019 among the Division, the Rhode Island Department of Business Regulation (the “DBR”), Twin River Worldwide Holdings, Inc., now known as Bally’s Corporation (hereinafter “Bally’s”), Twin River Management Group, Inc. (“TRMG”), UTGR and Twin River-Tiverton, LLC (“TRT”) (the “October 18, 2019 Agreement”), and as extended to July 17, 2025 pursuant to letter dated April 17, 2020 from UTGR to the Division (the “April 17, 2020 Extension Letter”). The Original UTGR Contract, as amended by the First, Second, Third, Fourth, Fifth, Sixth and Seventh UTGR Amendments, and as modified by the October 18, 2019 Agreement and extended pursuant to the April 17, 2020 Extension Letter, is referred to herein as the “UTGR Master Contract”.

The Division and UTGR are referred to herein collectively as the “Parties,” and individually, as a “Party.”

Any capitalized terms used in this Agreement but not defined herein shall have the meanings given them in Section 2 or elsewhere in the “2021 Law,” as defined in recital A below, and in section 42-61.2-1 of the General Laws, as amended by the 2021 Law, and if not defined in the 2021 Law or in section 42-61.2-1 of the General Laws, as amended by the 2021 Law, then in the UTGR Master Contract.

A.    WHEREAS, during the 2021 Legislative Session of the Rhode Island General Assembly, the State of Rhode Island voted to approve 2021 – H 5223 Sub A and its companion bill, 2021 – S 0040 Sub A, each entitled “An Act Enabling the State Lottery Division of the Department of Revenue to Contract with IGT Global Solutions Corporation and Twin River,” which Acts were signed into law by the Governor of Rhode Island on June 11, 2021 (collectively, the “2021 Law”);

B.    WHEREAS, copies of 2021 H 5223 Sub A and 2021 S 0040 Sub A being identical in all material respects are attached hereto as Exhibit 1;

C.    WHEREAS, among other things, the 2021 Law authorized and empowered the Division to enter into an amendment to the UTGR Master Contract to effectuate the purposes of the 2021 Law, which amendment is contained in this Agreement;

D.     WHEREAS, pursuant to Section 2.5 of the UTGR Master Contract, UTGR had the right to, and did, properly exercise its option to extend the term of the UTGR Master Contract for the “First Extension Term” and the “Second Extension Term” (as those terms are defined in the “2010 VLT Contracts Act” (which term is defined in the UTGR First Amendment)), which Second Extension Term commenced on July 18, 2015 and continued through July 17, 2020; and

E.     WHEREAS, pursuant to Section 2.2 of the UTGR Sixth Amendment, UTGR had the right to, and did, properly exercise its option to extend the term of the UTGR Master Contract for the first of two five-year extension terms provided in said Section 2.2, such extension term commencing on July 18, 2020 and continuing through and including July 17, 2025, leaving remaining a second five-year extension term, which, if exercised, will commence on July 18, 2025 and continue through and including July 17, 2030, provided that the exercise of the option to extend for the second extension term shall be subject to the terms and conditions of Section 2.5 of the UTGR Master Contract, as that Section has been amended and may hereafter be amended from time to time.

NOW, THEREFORE, pursuant to the 2021 Law, in consideration of the recitals above and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and in consideration of the mutual promises, covenants, obligations and conditions herein contained, the Division and UTGR hereby agree as follows:

1.Extension of Term and Amendment of UTGR Master Contract Section 2.5.

1.1Notwithstanding the provisions of Section 2.2 of the UTGR Sixth Amendment, and the properly exercised extension of the term of the UTGR Master Contract described in Recital E above, effective on the “Effective Date” of this Agreement (as defined in Section 9 below), the term of the UTGR Master Contract shall be extended through and including June 30, 2043 (the “Extended Expiration Date”), and the word “Term” as used in the

UTGR Master Contract shall mean, collectively, the “Initial Term,” as defined in Section 2.4 of the Original UTGR Contract, any properly exercised extension of the term of the UTGR Master Contract, and the period of time from and including the Effective Date through and including the Extended Expiration Date.

1.2For the avoidance of doubt, upon taking effect in accordance with Section 9 below, the provisions of Section 1.1 above, and this Section 1.2, supersede and replace any provisions of the UTGR Master Contract that are inconsistent with such Sections.

2.1    As contemplated in Sections 5, 6, and 7 of the 2021 Law, the Initial Promotional Points Program and the Supplementary Promotional Points Program applicable to the Lincoln Gaming Facility and the Initial Promotional Points Program and the Supplementary Promotional Points Program applicable to the Tiverton Gaming Facility are consolidated into the Consolidated Promotional Points Program, the Division hereby approving such consolidation.

2.2    With approval of the Division in accordance with the current practice of the Parties, UTGR and TRT, collectively, and not each individually, may issue to customers and prospective customers of the Lincoln Gaming Facility and/or the Tiverton Gaming Facility Promotional Points in an aggregate amount up to the sum of (a) twenty percent (20%) of the aggregate Net Terminal Income for the Lincoln Gaming Facility and the Tiverton Gaming Facility for the Prior Marketing Year and (b) one million five hundred thousand dollars ($1,500,000), the foregoing superseding and replacing any provision of the UTGR Master Contract relating to the amount of Promotional Points that UTGR may issue to customers and prospective customers of the Lincoln Gaming Facility.

2.3    In addition to any other costs and expenses otherwise required to be borne by the UTGR Master Contract, UTGR (jointly and severally with TRT) shall pay for all costs associated with any external testing and/or audits associated with the Consolidated Promotional Points Program to maintain and ensure the integrity of the program.

3.Expansion of Lincoln Gaming Facility.

Subject to the review and approval of the Division, UTGR (directly or through an affiliate of its indirect parent company, Bally’s) shall build a fifty thousand (50,000) square foot expansion of the gaming, entertainment and hotel facilities that will form a part of the Lincoln Gaming Facility footprint located at 100 Twin River Road in Lincoln, Rhode Island, with a targeted completion date of March 31, 2023.

UTGR (directly or through an affiliate of its indirect parent company, Bally’s) shall lease at least twenty thousand (20,000) square feet of commercial space in Providence, Rhode Island through at least the Extended Expiration Date (the “Twin River Providence Lease

Obligation”), it being understood that, in fulfilling this obligation, UTGR may change locations in Providence and/or enter into leases of any duration (i.e., it may enter into any one or more leases extending through the Extended Expiration Date) as long as through at least the Extended Expiration Date it is leasing at least twenty thousand (20,000) square feet of commercial space in Providence, Rhode Island.

5.1    UTGR agrees that it, TRT, Bally’s and TRMG are jointly and severally liable to use best efforts to locate additional senior management level employees in the State of Rhode Island through at least the Extended Expiration Date, and further, to add no fewer than thirty (30) members of the senior management employees of UTGR, TRT, Bally’s and/or TRMG to the Providence location as described in Section 4 above by December 31, 2022 (the “Senior Management Employee Location Obligation”). Said thirty employees shall be paid, in each calendar year, aggregate compensation (which shall include pre-tax deductions made on behalf of employees) not less than the product of: (1) Thirty (30); (2) Two thousand eighty (2,080); and (3) Two hundred fifty percent (250%) of the minimum wage in effect from time to time pursuant to R.I. Gen. Laws § 28-12-3 (the “Senior Management Compensation Obligation”). The Senior Management Employee Location Obligation and the Senior Management Compensation Obligation shall be in addition to any other employment requirements in (i) Section 5.2 below, (ii) the Amended and Restated Regulatory Agreement (as amended from time to time), and (iii) the General Laws of the State of Rhode Island.

5.2    UTGR agrees that it, TRT, Bally’s and TRMG are jointly and severally liable to locate no fewer than an additional thirty (30) information technology professional employees in the state, outside of the City of Providence, by December 31, 2022 provided that said employees shall remain employed through at least December 31, 2032 (the “Technology Professionals Obligation”). Said information technology professional employees shall be paid, in each calendar year, aggregate compensation (which shall include pre-tax deductions made on behalf of employees) not less than the product of: (1) Thirty (30); (2) Two thousand eighty (2,080); and (3) Two hundred fifty percent (250%) of the minimum wage in effect from time to time pursuant to R.I. Gen. Laws § 28-12-3. The Technology Professionals Obligation shall be in addition to any other employment requirements in (i) Section 5.1 above, (ii) the Amended and Restated Regulatory Agreement (as amended from time to time), and (iii) the General Laws of the State of Rhode Island.

5.3    The Division shall have the right to assess liquidated damages against UTGR, TRT, Bally’s and TRMG, on a joint and several basis, if there is a failure to satisfy the Senior Management Compensation Obligation or the Technology Professionals Obligation for any calendar year the respective obligation is in effect, commencing with the calendar year ending on December 31, 2023. Said liquidated damages shall be equal to the product of (A) the difference between the actual number of employees less than the thirty employees required under the Senior Management Employee Location Obligation or the Technology Professional Obligation and (B) seventy thousand five hundred dollars ($7,500).

5.4    Commencing on or before May 1, 2024, UTGR, TRT, Bally’s and TRMG shall be jointly and severally responsible to provide to the Division an annual certification on or before May 1 of each year certifying that UTGR, TRT, Bally’s and TRMG are in compliance with their respective obligations under Sections 5.1 and 5.2 for the prior calendar year.

5.5    UTGR, TRT, Bally’s and TRMG are jointly and severally responsible to maintain books, records, and all other evidence pertaining to compliance with the Senior Management Employee Location Obligation, the Senior Management Compensation Obligation, and the Technology Professionals Obligation. The records shall be available at all times to the Division, the Commerce Corporation, or their designees during the Term of this Agreement. UTGR, TRT, Bally’s and TRMG are jointly and severally responsible to pay for any associated costs arising from such audits.

As contemplated by Section 10 of the 2021 Law, in addition to the obligations under Section 7.5(d) of the Amended and Restated Regulatory Agreement (as amended from time to time), UTGR, TRT, Bally’s and TRMG shall be jointly and severally liable to invest or cause to be invested by Bally’s, an Affiliate of Bally’s or an Eligible Third Party, in Rhode Island during the period between the effective date of the Regulatory Agreement Amendment and the Extended Expiration Date, in the aggregate at least one hundred million dollars ($100,000,000) (the “Twin River Investment Obligation”), which, with the Division’s prior approval, shall be expended in connection with: (i) expanding and improving the Lincoln Gaming Facility and the Tiverton Gaming Facility and developing or improving real property surrounding the facilities; (ii) performing under the UTGR Master Contract, as amended by this UTGR Eighth Amendment; (iii) performing under the Twin River-Tiverton Master Contract, as amended by the Twin River-Tiverton Master Contract Amendment; (iv) performing under the Video Lottery Terminal Technology Provider License Agreement dated July 1, 2021 among the Division and UTGR (including, without limitation, all Video Lottery Terminals purchased by Affiliates of Bally’s through December 31, 2022); (v) performing under the Naming Rights Agreement; (vi) performing under the Amended and Restated Regulatory Agreement, as amended by the Regulatory Agreement Amendment; and (vii) performing the Twin River Providence Lease Obligation; provided, however, in no event shall UTGR, TRT, Bally’s, or TRMG receive credit toward performance of the Twin River Investment Obligation more than once in connection with any expenditure.

7.Additional Termination Rights of the Division.

Section 12.3 of the Original UTGR Contract is amended to read as follows:

12.3    In the event of a breach by UTGR of any covenant, term or condition of the Agreement (“Agreement” referring to the Master Video Lottery Terminal Contract by and between the Division and UTGR dated as of July 18, 2005, as amended, assigned and

extended from time to time), or if UTGR (directly or through another “Affiliate” of “Bally’s,” as those terms are defined below) fails to perform the “Twin River Investment Obligation” (as defined in Section 10 of the 2021 Law and as defined in the UTGR Eighth Amendment), or if UTGR fails to perform the Twin River Providence Lease Obligation (as defined and described in the UTGR Eighth Amendment) or if UTGR fails to perform the Senior Management Employee Location Obligation (as defined in Section 10 of the 2021 Law and in the UTGR Eighth Amendment), or if UTGR fails to perform the Senior Management Compensation Obligation (as defined in Section 10 of the 2021 Law and in the UTGR Eighth Amendment), then: (i) UTGR shall provide written notice to the Division as soon as UTGR becomes aware of said breach of the UTGR Master Contract and/or failure to perform the above-referenced obligations; and (ii) at such time as the Division becomes aware of a breach or failure to perform, the Division shall give UTGR notice thereof, and (1) in the case of a payment default of a payment due to the Division, UTGR shall have ten (10) days to pay such amount that is past due and owing; and (2) in the case of any other default (other than as specified in Section 12.2 of the Original UTGR Contract), UTGR shall have thirty (30) days within which to cure such default unless such default cannot be cured by the exercise of reasonable diligence within such thirty (30) day period in which event such thirty (30) day period shall be extended for so long as UTGR is proceeding with commercially reasonable diligence to effectuate such cure. For purposes hereof, “Bally’s” means Bally’s Corporation, formerly known as Twin River Worldwide Holdings, Inc., and “Affiliate” and “Control” have the meanings given those terms in Section 2 of the 2021 Law. The remedies hereunder available to the Division are in addition to any other remedies, including without limitation the assessment of liquidated damages.

8.Irrevocable Waiver of Section 6.3 of Original UTGR Contract.

Pursuant to the October 18, 2019 Agreement, this paragraph memorializes that UTGR (and/or Bally’s and/or TRMG) permanently and irrevocably waived any right to exercise any right to request an adjustment in the Blended Rate (as such term is defined in the UTGR Master Contract) it may have pursuant to Section 6.3 of the Original UTGR Contract.

9.    Effectiveness of this Agreement and “Effective Date”.

As described in Section 11 of the 2021 Law, this UTGR Eighth Amendment shall take effect on the same date each of the following take effect (the “Effective Date”): the IGT Master Contract Amendment, the Twin River-Tiverton Master Contract Amendment, and the Regulatory Agreement Amendment.

10.    Miscellaneous Provisions.

10.1    This Agreement contains the entire agreement of the Parties and supersedes and replaces all prior understandings or agreements (if any), oral or written, with respect to the subject matter hereof. For the avoidance of doubt, if and to the extent any provision of this Agreement conflicts with the UTGR Master Contract, the provision of this Agreement shall control.

10.2.    Except to the extent amended and/or clarified pursuant to this Agreement, the terms, provisions and conditions of the UTGR Master Contract, remain in full force and effect, enforceable in accordance with their terms.

10.3.    This Agreement shall not be amended except by a writing of subsequent date hereto, executed by duly authorized representatives of the Parties hereto.

10.4.    This Agreement shall not be assigned by any Party without the prior written consent of the other Parties, which consent shall not be unreasonably withheld or delayed.

10.5.    This Agreement shall be binding upon and inure to the benefit of each of the Parties hereto, and each of their respective successors and permitted assigns.

10.6.    The failure of any Party to enforce at any time any of the provisions of this Agreement shall in no way be construed to be a waiver of such provisions, nor in any way affect the validity of this Agreement or any part thereof, or the right of any other Party thereafter to enforce each and every provision.

10.7.    The illegality, invalidity or unenforceability of any provision of this Agreement shall not affect the legality, validity or enforceability of any other provision, and to this end the provisions hereof are declared to be severable. If for any reason a court of competent jurisdiction finds any provision of this Agreement to be illegal, invalid or unenforceable, that provision of this Agreement shall be enforced to the maximum extent permissible so as to effect the intent of the Parties, and the remainder of this Agreement will continue in full force and effect.

10.8.    Each Party warrants to the others that it is authorized to execute and deliver this Agreement and to perform the obligations set forth herein, and the persons executing this Agreement on behalf of such Party are authorized to do so.

10.9.    This Agreement shall be governed by, construed and enforced in accordance with the Laws of the State of Rhode Island, without regard to conflict of law principles. The Parties agree that any suit for the enforcement of this Agreement may be brought in the courts of the State of Rhode Island or any federal court sitting therein and consent to the non-exclusive jurisdiction of such court and to service of process in any such suit being made upon the Parties at the addresses set forth for the Parties above. The Parties hereby waive any objection that they may now or hereafter have to the venue of any such suit or any such court or that such suit was brought in an inconvenient court.

10.10.    This Agreement may be executed in one or more counterparts each of which shall be deemed an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement.

IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be duly executed by their duly authorized representatives.