Investor Presentaiton

Development Agreement Terms Developer authorized to commence hotel at any time after initial closing. Development must commence Hotel within one year of the following: PORTSMOUTHVA economic development Net Gaming Revenue exceeds $175 million over a 12-month period while a casino located within 15 miles is open to the public; OR Net Gaming Revenue exceeds $250 million over two consecutive 12-month periods. If Hotel has not been developed after casino open for four years: EDA has the right to ground lease property from RSG at a rent of $1.00 a year and bring in another developer to construct hotel.

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