Document:

fifthamendmenttoshore.htm

     

    
      

      

    

    EXHIBIT
10.10

    
      
 

       

      

       

      Recorder’s Cover
Sheet

       

      Document: Fifth Amendment to
Iowa Shore Mortgage

       

      Preparer
Information:  Ted Smith, Esq., Paul, Hastings, Janofsky &
Walker LLP, 600 Peachtree Street, Suite 2400, Atlanta, Georgia 30308 (404)
815-2244

      

      Taxpayer
Information:

      Diamond
Jo, LLC

      600 Star
Brewery Drive, Suite 110

      Dubuque,
IA  52001

      

      Return Document
To:

      Ted
Smith, Esq.

      Paul,
Hastings, Janofsky & Walker LLP

      600
Peachtree Street, Suite 2400

      Atlanta,
Georgia 30308

      (404)
815-2244

      

      Grantor:

      Diamond
Jo, LLC

      

      Grantee:

      Wells
Fargo Foothill, Inc., as Agent

      

      Legal
Description:  See attached Exhibit A

      

      Document or instrument number of
previously recorded documents: 10729-04; 2004-19859; 2005-11343;
2007-13652; 2008-8647

      
        
          
            LEGAL_US_W #
62610167.3

          

           

        

        
           

          
            

          

        

        
           

        

      

      

      FIFTH
AMENDMENT TO IOWA SHORE MORTGAGE

       

      THIS
FIFTH AMENDMENT TO IOWA SHORE MORTGAGE (this “Amendment”) is made
and entered into as of this 29th day of October, 2009, by DIAMOND JO, LLC, a
Delaware limited liability company (“Mortgagor”), and
WELLS FARGO FOOTHILL, INC., a California corporation, as agent (“Agent”; Agent,
together with its successors and assigns, is referred to herein as “Mortgagee”) for the
Lenders (as defined in the hereinafter defined Loan Agreement).

       

      W
I T N E S S E T H:

       

      A. Mortgagor,
Peninsula Gaming, LLC, a Delaware limited liability company (“Parent”), Diamond Jo
Worth, LLC, a Delaware limited liability company (“DJW”), The Old
Evangeline Downs, L.L.C., a Louisiana limited liability company (“OED,” together with
Mortgagor, Parent and DJW, collectively, jointly and severally, the “Existing Borrowers”),
the lenders party thereto, and Agent are parties to that certain Loan and
Security Agreement dated as of June 16, 2004, as amended by that certain First
Amendment to Loan and Security Agreement dated as of November 10, 2004, as
amended by that certain Second Amendment to Loan and Security Agreement dated as
of July 12, 2005, as amended by that certain Third Amendment to Loan and
Security and Consent Agreement dated as of December 6, 2006, as amended by that
certain Fourth Amendment to Loan and Security Agreement and Consent dated as of
December 22, 2006, as amended by that certain Fifth Amendment to Loan and
Security Agreement dated as of June 30, 2008, as amended by that certain Sixth
Amendment to Loan and Security Agreement dated as of October 6, 2008, as
supplemented by that certain Borrower Supplement No. 1 dated as of May 13, 2005,
and as supplemented by that certain Borrower Supplement dated as of August 6,
2009 (collectively, the “Existing Loan
Agreement”).

       

      B. The
obligations and indebtedness of the Existing Borrowers under the Existing Loan
Agreement are secured by, inter alia, that certain Mortgage, Leasehold Mortgage,
Assignment of Rents, Security Agreement and Fixture Financing Statement, dated
as of June 16, 2004, and recorded on June 18, 2004, as Document
No.  10729-04 of the Official Records of Dubuque County, Iowa, as
amended by that certain First Amendment to Iowa Shore Mortgage, dated as of
November 10, 2004, and recorded on November 12, 2004, as Document No.
2004-19859, as amended by that certain Second Amendment to Iowa Shore Mortgage,
dated as of July 12, 2005, and recorded on July 15, 2005, as Document No.
2005-11343, as amended by that certain Third Amendment to Iowa Shore Mortgage,
dated as of August 15, 2007, and recorded on September 6, 2007, as Document
No.2007-13652, and as further amended by that certain Fourth Amendment to Iowa
Shore Mortgage, dated as of June 12, 2008, and recorded on June 17, 2008, as
Document No. 2008-8647 (collectively, the “Mortgage”),
encumbering Mortgagor’s fee simple interest in and to the real property located
in Dubuque County, Iowa and more particularly described on Exhibit A attached
hereto and incorporated herein, Mortgagor’s leasehold interest created under
that certain Lease, as described on Exhibit B attached
hereto and incorporated herein, with respect to certain premises located in
Dubuque County, Iowa, as also more particularly described on Exhibit B attached
hereto and incorporated herein, and the personal property and improvements
located thereon and as further described in the Mortgage (collectively, the
“Premises”).

       

      C. Contemporaneously
herewith, the Existing Borrowers (such Existing Borrowers, together with any
other borrower joining as a party to the hereinafter defined Loan Agreement in
accordance with the terms thereof, being collectively referred to herein as the
“Borrowers”),
the

       

      
        
          
            

            LEGAL_US_W #
62610167.3                                                               

          

           

        

        
          2

          
            

          

        

        
           

        

      

      Lenders,
and Agent have amended and restated the Existing Loan Agreement pursuant to that
certain Amended and Restated Loan and Security Agreement (as amended, restated,
supplemented or otherwise modified from time to time, the “Loan Agreement”),
providing for, inter alia, the modification of the Maturity Date and the
adjustment of the Commitments of the Lenders.

       

      D. Mortgagor
and Mortgagee wish to modify certain terms of the Mortgage, as more fully set
forth herein.

       

      NOW,
THEREFORE, in consideration of mutual covenants contained herein, the
indebtedness secured by the Mortgage, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

       

      1. Incorporation of
Definitions.  All capitalized terms not otherwise defined
herein shall have the meanings ascribed thereto in the Loan
Agreement.

       

      2. Modification of Granting
Clause.  The Mortgage is hereby modified by deleting the text
of subsection (i) of the Granting Clauses therein and  inserting the
following text in lieu thereof:

       

      the
payment when due of indebtedness evidenced by the Loan Agreement in the maximum
principal sum of $58,500,000.00, bearing interest as set forth in the Loan
Agreement and maturing on January 15, 2014, such date being the “Maturity Date,”
including, without limitation, all accrued and unpaid interest thereon, and
premiums and penalties, if any, thereon, including late payment charges and
Additional Interest (as defined in Section 5.2 hereof),

       

      3. Modification of Habendum
Clause.  The Mortgage is hereby modified by deleting the text
of the third paragraph of the Habendum Clause therein in its entirety and
inserting the following text in lieu thereof:

       

      PROVIDED
NEVERTHELESS, (a) if Borrowers or any of their successors or assigns shall pay
or cause to be paid the Secured Obligations in accordance with the terms hereof
and of the other Loan Documents and shall perform and observe all of the
agreements, covenants and provisions contained herein and in the other Loan
Documents, (b) all Commitments shall be irrevocably terminated in accordance
with the Credit Agreement, and (c) all Letters of Credit shall have terminated
or expired in accordance with the Credit Agreement, this Mortgage and the estate
and rights hereby granted shall cease to be binding and be void, otherwise to
remain in full force and effect.

       

      4. Modification of Secured
Indebtedness.  Any references in the Mortgage to the amount of
$49,666,666.68 are hereby deleted and replaced with the amount of
$58,500,000.00.

       

      5. Modification of Maturity
Date.  Any references in the Mortgage to the term “Maturity
Date” are hereby modified and shall hereafter refer to the date of January 15,
2014, subject to the provisions of the Loan Agreement.

       

      6. Modification of Loan
Agreement References.  Any references in the Mortgage to the
term “Loan Agreement” are hereby modified and shall hereafter refer to the Loan
Agreement, as the same may be modified, supplemented, amended and restated from
time to time.

       

      
        
          
            

            LEGAL_US_W #
62610167.3                                                               

          

           

        

        
          3

          
            

          

        

        
           

        

      

      7. Modification of
Borrowers. Any references in the Mortgage to the term “Borrowers” are
hereby modified and shall hereafter refer to the Borrowers as defined
herein.

       

      8. Modification of Loan
Documents. Any references in the Mortgage to the term “Transaction
Documents” are hereby deleted and replaced with the term “Loan Documents” as
defined in the Loan Agreement.

       

      9. Modification of Loan
Agreement Section References.

       

      
        	
                a.  

              	
                Any
      references in the Mortgage to Section 6.8(b) of the Loan Agreement are
      hereby deleted and replaced with Section 6.8(c) of the Loan
      Agreement.

              

      

       

      
        	
                b.  

              	
                Any
      references in the Mortgage to Section 7.1(f) of the Loan Agreement are
      hereby deleted and replaced with Section 7.1(k) of the Loan
      Agreement.

              

      

       

      10. No
Novation.  This Amendment shall not constitute a novation of
the Mortgage or be construed to satisfy or cancel in any manner the outstanding
indebtedness evidenced and secured thereby.

       

      11. No Other Amendments or
Waivers.  Except as expressly set forth above, the execution,
delivery and effectiveness of this Amendment shall not operate as an amendment
of any right, power or remedy of Mortgagee or the Lenders under the Mortgage or
any of the other Loan Documents, nor constitute a waiver of any provision of the
Mortgage or any of the other Loan Documents.  Except as expressly set
forth above, the text of the Mortgage and all other Loan Documents shall remain
unchanged and in full force and effect and Mortgagor hereby ratifies and
confirms its obligations thereunder.  This Amendment shall not
constitute a modification of the Mortgage or any of the other Loan Documents or
a course of dealing with Mortgagee or the Lenders at variance with the Mortgage
or the other Loan Documents such as to require further notice by Mortgagee or
the Lenders to require strict compliance with the terms of the Mortgage and the
other Loan Documents in the future, except as expressly set forth
herein.  Mortgagor acknowledges and expressly agrees that Mortgagee
and the Lenders reserve the right to, and do in fact, require strict compliance
with all terms and provisions of the Mortgage and the other Loan Documents, as
amended herein.  Mortgagor has no knowledge of any challenge to
Mortgagee’s or any Lender’s claims arising under the Loan Documents, or to the
effectiveness of the Loan Documents.

       

      12. Representations and
Warranties of Mortgagor.  In consideration of the execution and
delivery of this Amendment by Mortgagee, Mortgagor hereby represents and
warrants in favor of Mortgagee and the Lenders as follows:

      

      
        	
                a.  

              	
                the
      execution, delivery, and performance by Mortgagor of this Amendment have
      been duly authorized by all necessary action on the part of
      Mortgagor;

              

      

       

      
        	
                b.  

              	
                the
      execution, delivery, and performance by Mortgagor of this Amendment do not
      and will not (i) violate any provision of federal, state, or local law or
      regulation applicable to Mortgagor, the Governing Documents of Mortgagor,
      or any order, judgment, or decree of any court or other Governmental
      Authority binding on Mortgagor, (ii) conflict with, result in a breach of,
      or constitute (with due notice or lapse of time or both) a default under
      any material contractual obligation of Mortgagor, (iii) result in or
      require the creation or imposition of any Lien of any nature whatsoever
      upon any properties or

              

      

       

      
        
          
            

            LEGAL_US_W #
62610167.3                                                               

          

           

        

        
          4

          
            

          

        

        
           

        

      

      assets of
Mortgagor, other than Permitted Liens, or (iv) require any approval of
Mortgagor’s members or shareholders or any approval or consent of any person or
entity under any material contractual obligation of Mortgagor;

       

      
        	
                c.  

              	
                the
      execution, delivery, and performance by Mortgagor of this Amendment do not
      and will not require any registration with, consent, or approval of, or
      notice to, or other action with or by, any Governmental Authority or other
      person or entity, other than any consent or approval that has been
      obtained and remains in full force and
effect;

              

      

       

      
        	
                d.  

              	
                this
      Amendment, when executed and delivered by Mortgagor, will be the legally
      valid and binding obligation of Mortgagor, enforceable against Mortgagor
      in accordance with its terms, except as enforcement may be limited by
      equitable principles or by bankruptcy, insolvency, reorganization,
      moratorium, or similar laws relating to or limiting creditors’ rights
      generally;

              

      

       

      
        	
                e.  

              	
                No
      Default or Event of Default exists under the Mortgage or the other Loan
      Documents; and

              

      

       

      
        	
                f.  

              	
                As
      of the date hereof, all representations and warranties of Mortgagor set
      forth in the Mortgage and the other Loan Documents are true, correct and
      complete in all material respects, except to the extent such
      representation or warranty expressly relates to an earlier date (in which
      case such statement was true and correct on and as of such earlier
      date).

              

      

       

      13. Counterparts.  This
Amendment may be executed in multiple counterparts, each of which shall be
deemed to be an original and all of which, taken together, shall constitute one
and the same agreement.  In proving this Amendment in any judicial
proceedings, it shall not be necessary to produce or account for more than one
such counterpart signed by the party against whom such enforcement is
sought.  Any signatures delivered by a party by facsimile transmission
or by e-mail transmission shall be deemed an original signature
hereto.

      

      14. Reference to and Effect on
the Loan Documents.  Upon the effectiveness of this Amendment,
on and after the date hereof, each reference in the Mortgage to “this Mortgage”,
“hereunder”, “hereof” or words of like import referring to the Mortgage, and
each reference in the other Loan Documents to “the Mortgage”, “thereunder”,
“thereof” or words of like import referring to the Mortgage, shall mean and be a
reference to the Mortgage as amended hereby.

      

      15. Costs, Expenses and
Taxes.  Mortgagor agrees to pay on demand all costs and
expenses in connection with the preparation, execution, and delivery of this
Amendment and the other instruments and documents to be delivered hereunder,
including, without limitation, the fees and out-of-pocket expenses of counsel
for Mortgagee with respect thereto and with respect to advising Mortgagee as to
its rights and responsibilities hereunder and thereunder.  In
addition, Mortgagor agrees to pay any and all stamp and other taxes payable or
determined to be payable in connection with the execution and delivery of this
Amendment and the other instruments and documents to be delivered hereunder, and
agree to save Mortgagee and the Lenders harmless from and against any and all
liabilities with respect to or resulting from any delay in paying or omission to
pay such taxes.  Mortgagor hereby acknowledges and agrees that
Mortgagee may, without prior notice to Borrowers, charge such costs and fees to
Borrowers’ Loan Account pursuant to Section 2.6(d) of the Loan
Agreement

      
        
          
            

            LEGAL_US_W #
62610167.3                                                               

          

           

        

        
          5

          
            

          

        

        
           

        

      

      

      16. Section
Titles.  The section titles contained in this Amendment are
included for the sake of convenience only, shall be without substantive meaning
or content of any kind whatsoever, and are not a part of the agreement between
the parties.

      

      17. Entire
Agreement.  This Amendment and the other Loan Documents
constitute the entire agreement and understanding between the parties hereto
with respect to the transactions contemplated hereby and thereby and supersede
all prior negotiations, understandings and agreements between such parties with
respect to such transactions.

      

      18. GOVERNING
LAW.  MORTGAGOR AND MORTGAGEE AGREE THAT THE RIGHTS AND
OBLIGATIONS UNDER THIS AMENDMENT REGARDING THE CREATION, PERFECTION AND
ENFORCEMENT OF THE LIENS AND SECURITY INTERESTS HEREIN GRANTED SHALL BE GOVERNED
AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE
OF IOWA.  ALL OTHER PROVISIONS OF THIS AMENDMENT SHALL BE GOVERNED BY
THE LAWS OF THE STATE OF NEW YORK.

      

      19. Loan
Document.  This Amendment shall be deemed to be a Loan Document
for all purposes.

      

       

      [SIGNATURES
BEGIN ON NEXT PAGE]

       

      
        
          
            

            LEGAL_US_W #
62610167.3                                                               

          

           

        

        
          6

          
            

          

        

        
           

        

      

      IN
WITNESS WHEREOF, the undersigned have executed this Amendment, under seal, as of
the day and year first above written.

       

      
        
          	 	
                  MORTGAGOR:

                   

                  DIAMOND JO, LLC, a
      Delaware limited liability company

                	 
	 	 	 	 
	
                   

                	
                  By:
      

                	/s/ Natalie
      Schramm	 
	 	 	Name:
      Natalie Schramm	 
	 	 	Title   
      CFO	 
	 	 	 	 

        

      

      

       

      STATE
OF IOWA                                               )

      ) SS.

      COUNTY
OF DUBUQUE                                   )

       

      I, Karen
M. Beetem, a Notary Public for said County and State aforesaid, do hereby
certify that DIAMOND JO, LLC, a Delaware limited liability company, by Natalie
Schramm, its CFO, who is personally known to me to be the same person whose name
is subscribed to the foregoing instrument on behalf of such entities, appeared
before me this day in person and acknowledged that she signed said
instrument as her own free and voluntary act and as the free and voluntary
act of said entities, for the uses and purposes set forth.

       

      Witness
my hand and official seal, this the 26th day of October,
2009.

       

      

      
        
          	
                   

                	
                   

                	/s/ Karen
      M. Beetem	 
	 	 	Notary
      Public	 
	 	 	 	 
	 	 	 	 

        

      

      

       

       

      

      

      [signatures
continued on following page]

      
        
          
            LEGAL_US_W #
62610167.3

          

           

        

        
           

          
            

          

        

        
           

        

      

                                                 

      
        
          	 	
                  MORTGAGEE;

                   

                  WELLS FARGO
      FOOTHILL, INC., a California corporation, as Agent

                	 
	 	 	 	 
	
                   

                	
                  By:
      

                	/s/ Patrick
      McCormack	 
	 	 	Name:
      Patrick McCormack	 
	 	 	Title: 
      Vice President	 
	 	 	 	 

        

      

      

       

      STATE
OF CALIFORNIA                                 

      COUNTY
OF LOS
ANGELES                          

       

      On October 27, 2009 before me, D'Nira S. Walden, Notary Public,
personally appeared Patrick McCormack, who provied to me on the basis of
satisfactory evidence to be the person whose name is subscribed to the within
instrument and acknoweldged to me that he executed the same in his authorized
capacity and that by his signaure on the instrument the person, or the entity
upon behalf of which the person acted, executed the instrument. 

       

      I certify
under PENALTY OF PERJURY under the laws of the State of California that the
foregoing paragraph is true and correct.

       

      WITNESS my hand and official seal.

       

      
        
          	 	 	 	 	 
	
                  /s/D'Nira
      S. Walden

                	 	 	
                   

                	 
	
                  Notary
      Public

                	 	 	
                   

                	 
	
                  My
      comm. expires Jul 3, 2010

                	 	 	
                   

                	 

        

      

       

      

       

      

       

       

      

       

      
        
          
            LEGAL_US_W #
62610167.3

          

           

        

        
           

          
            

          

        

        
           

        

      

      Exhibit
A

      

      Legal
Description

      

      THE LAND
REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF DUBUQUE, STATE OF
IOWA AND IS DESCRIBED AS FOLLOWS:

      

      PARCEL
A:

      

      Lot 3 of
Adams Company's 2nd Addition in the City of Dubuque, according to the recorded
plat thereof.

      

      

      PARCEL
B:

      

      Lots 7
and 8 of Ice Harbor Development in the City of Dubuque.

      

      Together
with:

      

      (a)  A
perpetual, non-exclusive fifteen (15) foot wide maintenance easement over and
across Lot 6 in Ice Harbor Development for maintenance of Lots 7 and 8 in Ice
Harbor Development.

      

      (b)  A
perpetual, non-exclusive easement for ingress and egress to and from Lots 7 and
8 in Ice Harbor Development over and across the "Ingress-Egress Easement"
abutting the Southern terminus of Bell Street.

       
 

      (c)  A
perpetual, non-exclusive easement for ingress and egress to Lots 7 and 8 in Ice
Harbor Development over and across Lots 6 and 10 in Ice Harbor Development, all
as shown on the final plat of Ice Harbor Development, in the City of Dubuque,
Iowa, recorded as Instrument No. 6167-95 in the office of the Dubuque County
Recorder.

      

      

      PARCEL
C:

      

      Lot 1 of
Adams Company's 1st Addition in the City of Dubuque, according to the recorded
plat thereof.

      

      

      PARCEL
D:

      

      Lot 1 of
Adams Company's 3rd Addition, in the City of Dubuque, according to the recorded
Plat thereof.

      

      

      PARCEL
E:

      

      Lots 2, 3
and 4 in Adams Company's 3rd Addition in the City of Dubuque, according to the
recorded Plat thereof.

      
        
          
            LEGAL_US_W #
62610167.3

          

           

        

        
           

          
            

          

        

        
           

        

      

      EXHIBIT
B

      

      

      Real
Property subject to the Lease

      

      Lots 5
and 6 of Ice Harbor Development in the City of Dubuque, Iowa

      

      
        
          
            LEGAL_US_W #
62610167.3actoffourthamendment.htm

     

    
      

      

    

     

    
      EXHIBIT 10.11
 

      

      

      ACT
OF FOURTH AMENDMENT OF MULTIPLE OBLIGATIONS MORTGAGE

      

                 BE
IT KNOWN, that on the dates hereinafter set forth, before the undersigned
Notaries Public, duly commissioned and qualified, and in the presence of the
undersigned competent witnesses, personally came and appeared:

      

      THE OLD EVANGELINE DOWNS,
L.L.C. (TIN: 72-1280511), formerly named The Old Evangeline Downs, L.C.,
a limited liability company duly organized, validly existing and in good
standing under the laws of the State of Louisiana, and has its registered office
at One American Place, Ninth Floor, Baton Rouge, LA 70825, appearing herein
through Natalie Schramm,, its Chief Financial Officer, being duly authorized by
virtue of a Consent of the Sole Member, a copy of which is on file and of
record, hereinafter referred to as “Mortgagor”,

      

      and

      

       WELLS FARGO FOOTHILL, INC., a
corporation organized and existing under the laws of the State of California, as
agent for the lenders which are parties to that certain Loan and Security
Agreement dated as of June 16, 2004, by and among Mortgagor, Diamond Jo, LLC
(formerly known as Peninsula Gaming Company, LLC), Diamond Jo Worth, LLC,
Peninsula Gaming, LLC and Mortgagor, as borrowers, the lenders party thereto,
and Wells Fargo Foothill, Inc., as the arranger and agent for the lenders party
thereto,as amended by that certain First Amendment to Loan and Security
Agreement dated as of November 10, 2004, as further amended by that certain
Second Amendment to Loan and Security Agreement dated as of July 12, 2005, as
further amended that certain Third Amendment to Loan and Security Agreement and
Consent dated as of December 6, 2006, as amended that certain Fourth Amendment
to Loan and Security Agreement and Consent dated as of December 22, 2006, as
supplemented by that certain Borrower Supplement No. 1 dated as of May 13, 2005,
as supplemented by that certain Borrower Supplement dated as of August 6, 2009
(collectively, the “Existing Loan
Agreement”), which Existing Loan Agreement has been amended and restated
by that certain Amended and Restated Loan and Security Agreement dated as of
even date herewith (as amended, restated, supplemented or otherwise modified
from time to time, the “Loan Agreement”), by
and among Diamond Jo, LLC (formerly known as Peninsula Gaming Company, LLC),
Diamond Jo Worth, LLC, Peninsula Gaming, LLC and Mortgagor, as borrowers, the
lenders party thereto (the “Lenders”) and Wells
Fargo Foothill, Inc., as the arranger and agent for the Lenders, appearing
herein through its duly authorized representative, hereinafter referred to as
“Mortgagee”,

      
        
          
            LEGAL_US_W #
62608053.2

          

           

        

        
           

          
            

          

        

        
           

        

      

      who
declared that:

      

                 By
Multiple Obligations Mortgage dated June 16, 2004, effective as of June 16,
2004, recorded on June 16, 2004 as Original Act No. 926580, Mortgage Book 1210,
page 99 of the official records of St. Landry Parish, Louisiana, and on June 17,
2004 in Mortgage Book 613, Entry No. 177 of the official records of West Baton
Rouge Parish, Louisiana, as amended pursuant to (i) that certain Act of
Amendment of Multiple Obligations Mortgage recorded on November 12, 2004 as
Original Act No. 934609, Mortgage Book 1230, page 523 of the official records of
St. Landry Parish, Louisiana, and on November 12, 2004 in Mortgage Book 623,
Entry No. 81 of the official records of West Baton Rouge Parish, Louisiana, (ii)
that certain Act of Second Amendment of Multiple Obligations Mortgage recorded
on July 14, 2005 as Original Act. No. 947084, Mortgage Book 1262, page 696 of
the official records of St. Landry Parish, Louisiana, and on July 14, 2005 in
Mortgage Book 637, Entry No. 81 of the official records of West Baton Rouge
Parish, Louisiana (as amended, the “Mortgage”), and (iii)
that certain Act of Third Amendment of Multiple Obligations Mortgage recorded on
August 24, 2007, as Original Act. No. 987779, Mortgage Book 1365, page 556 of
the official records of St. Landry Parish, Louisiana, and on August 24, 2007 in
Mortgage Book 684, Entry No. 302 of the official records of West Baton Rouge
Parish, Louisiana, Mortgagor executed in favor of Mortgagee a mortgage on
certain properties in St. Landry Parish and West Baton Rouge Parish, as more
fully described on Exhibit A attached hereto, to secure the Obligations (as such
term is defined in the Mortgage).

      

                 Mortgagor
and Mortgagee hereby agree as follows:

      

      1.           The
definition of the term “Borrower” in Section 1.3 of the Mortgage is hereby
modified and amended by amending and restating such section in its entirety to
read as follows:

      

      1.3  Borrower.  The word
“Borrower” means individually, collectively and interchangeably Diamond Jo, LLC
(formerly known as Peninsula Gaming Company, LLC), Diamond Jo Worth, LLC,
Peninsula Gaming, LLC and Mortgagor.

      

      2.           The
definition of the term “Obligations” in Section 1.14 of the Mortgage is hereby
modified and amended by amending and restating such section in its entirety to
read as follows:

      

      “1.14
Obligations.  The
word “Obligations” means individually, collectively and interchangeably (a) any
and all loans, advances, debts, principal, interest (including interest that,
but for the provisions of the United States Bankruptcy Code, would have
accrued), contingent reimbursement obligations with respect to letters of
credit, premiums, liabilities, obligations, fees, charges, costs, expenses
(including any fees or expenses that, but for the provisions of the United
States Bankruptcy Code, would have accrued), lease payments, guaranties,
covenants, and duties of any kind and description owing by Borrower to the
Lender Group pursuant to or evidenced by the Loan Agreement and other Loan
Documents and irrespective of whether for the payment of money, whether direct
or indirect, absolute or contingent, due or to become due, now existing or
hereafter arising, and including all interest not paid when due and all expenses
that Borrower is

      
        
          
            LEGAL_US_W #
62608053.2

          

           

        

        
           

          
            

          

        

        
           

        

      

      required
to pay or reimburse under the Loan Agreement and other Loan Documents, by law,
or otherwise, whether Borrower is obligated alone or with others on a “solidary”
or “joint and several” basis, as a principal obligor or as a surety, guarantor,
or endorser of every nature and kind whatsoever,  whether or not any
such Obligations may be barred under any statute of limitations or prescriptive
period or may be or become otherwise unenforceable or voidable for any reason
whatsoever,  and (b) the obligations of Guarantor arising from the
Loan Documents to which Guarantor is a party, whether direct or indirect,
absolute or contingent, due or to become due, now existing or hereafter arising,
and including all interest not due when paid and all expenses that Guarantor is
required to pay or reimburse under the Loan Documents, by law, or otherwise,
whether Guarantor is obligated alone or with others on a “solidary” or “joint
and several” basis, as a principal obligor or as a surety, guarantor, or
endorser of every nature and kind whatsoever, whether or not any such
Obligations may be barred under any statute of limitations or prescriptive
period or may be or become otherwise unenforceable or voidable for any reason
whatsoever.  Any reference in this Mortgage or in the Loan Documents
to the Obligations shall include all amendments, changes, extensions,
modifications, renewals, replacements, substitutions, and supplements, thereto
and thereof, as applicable, both prior and subsequent to any insolvency
proceeding.  Notwithstanding any other
provision of this Mortgage, the maximum amount of Obligations secured hereby
shall be limited to $58,500,000.00.”

      

      3.           The
first paragraph of Article XV of the Mortgage is hereby amended and modified to
read as follows:

       

      As
additional collateral security for the prompt and punctual payment and
satisfaction of any and all present and future Obligations in favor of Mortgagee
as may be outstanding from time to time, at any one or more times, and all
Additional Advances that Mortgagee may make on Mortgagor’s behalf pursuant to
this Mortgage, together with interest thereon as provided herein up to a maximum
principal amount outstanding at any one or more times, from time to time, not to
exceed U.S. $58,500,000.00,  together with interest, costs, expenses,
attorneys’ fees and other fees and charges, Mortgagor hereby assigns, pledges
and grants Mortgagee a continuing security interest in and to:

       

      

      4.           Any
references in the Mortgage to the term “Related Documents” are hereby deleted
and replaced with the term “Loan Documents” as defined in the Loan
Agreement.

      

      5.           Any
references in the Mortgage to the term “Loan Agreement” are hereby modified and
shall hereafter refer to the Loan Agreement, as the same may be modified,
supplemented, amended and restated from time to time.

      

      6.           Any
references in the Mortgage to the term “Maturity Date” are hereby modified and
shall hereafter refer to the date of January 15, 2014, subject to the provisions
of the Loan Agreement.

      
        
          
            LEGAL_US_W #
62608053.2

          

           

        

        
           

          
            

          

        

        
           

        

      

      

       

      7.           In
consideration of the execution and delivery of this amendment by Mortgagee,
Mortgagor hereby represents and warrants in favor of Mortgagee and the other
members of the Lender Group (as defined in the Mortgage) as
follows:

      

       

      a.           the
execution, delivery, and performance by Mortgagor of this amendment have been
duly authorized by all necessary action on the part of Mortgagor;

       

      b.           the
execution, delivery, and performance by Mortgagor of this amendment do not and
will not (i) violate any provision of federal, state, or local law or regulation
applicable to Mortgagor, the governing documents of Mortgagor, or any order,
judgment, or decree of any court or other governmental authority binding on
Mortgagor, (ii) conflict with, result in a breach of, or constitute (with due
notice or lapse of time or both) a default under any material contractual
obligation of Mortgagor, (iii) result in or require the creation or imposition
of any lien of any nature whatsoever upon any properties or assets of Mortgagor,
other than Permitted Liens (as defined in the Loan Agreement), or (iv) require
any approval of Mortgagor’s members or shareholders or any approval or consent
of any person or entity under any material contractual obligation of
Mortgagor;

       

      c.           the
execution, delivery, and performance by Mortgagor of this amendment do not and
will not require any registration with, consent, or approval of, or notice to,
or other action with or by, any governmental authority or other person or
entity, other than any consent or approval that has been obtained and remains in
full force and effect; and

       

      d.           this
amendment, when executed and delivered by Mortgagor, will be the legally valid
and binding obligations of Mortgagor, enforceable against Mortgagor in
accordance with their respective terms, except as enforcement may be limited by
equitable principles or by bankruptcy, insolvency, reorganization, moratorium,
or similar laws relating to or limiting creditors’ rights
generally.

       

      8.           This
amendment shall be deemed to be a Loan Document (as defined in the Loan
Agreement) for all purposes.

       

      9.           Mortgagor
does further declare that except as expressly modified herein, the Mortgage is
hereby ratified and confirmed and shall otherwise remain in full force, virtue
and effect as executed.

      

      

      

      

      

      SIGNATURES
CONTINUED ON NEXT PAGE

      

      
        
          
            LEGAL_US_W #
62608053.2

          

           

        

        
           

          
            

          

        

        
           

        

      

      

      THUS DONE AND PASSED, on
the 26th day of October, 2009, in the presence of the undersigned Notary
and the undersigned competent witnesses, who hereunto sign their names with
Mortgagor after reading of the whole.

      

       

      
        
          	
                  WITNESSES:

                   

                	 	 	
                   MORTGAGOR:

                  THE OLD EVANGELINE DOWNS,
      L.L.C.

                   

                	 
	
                  /s/Janet
      Bevan-Bries

                	 	 By:	
                  /s/
      Natalie Schramm

                	 
	
                  Print
      Name: Janet Bevan-Bries

                	 	 	
                  Name:
      Natalie Schramm

                	 
	
                   

                	 	 	
                  Title: 
      CFO

                	 
	/s/Dustin
      Manternach	 	 	 	 
	Print
      Name: Dustin Manternach	 	 	 	 

        

      

       

                                                      

        
          	 	 	 
	 	 	 	 
	
                   

                	
                   

                	/s/ Karen
      M. Beetem	 
	 	 	Karen
      M. Beetem, NOTARY PUBLIC	 
	 	 	 	 
	 	 	My
      Commission expires:  10/20/10 	 
	 	 	(SEAL)	 

        

      

      

      

       

       

       

       

      
        
          
            ACT OF
FOURTH AMENDMENT TO LOUISIANA MORTGAGE

             

            LEGAL_US_W #
62608053.2

             

          

           

        

        
           

          
            

          

        

        
           

        

      

      

      THUS DONE AND PASSED, on
the 29th day of October, 2009, in the presence of the undersigned Notary
and the undersigned competent witnesses, who hereunto sign their names with
Mortgagee after reading of the whole.

      

      
         

        
          
            	
                    WITNESSES:

                     

                  	 	 	
                     MORTGAGEE:

                    WELLS FARGO FOOTHILL,
      INC.

                     

                  	 
	
                    /s/Daniel
      Whitner

                  	 	 By:	
                    /s/
      Patrick McCormack

                  	 
	
                    Print
      Name: Daniel Whitwer

                  	 	 	
                    Name:
      Patrick McCormack

                  	 
	
                     

                  	 	 	
                    Title: 
      Vice President

                  	 
	/s/Doug
      Stewart 	 	 	 	 
	Print
      Name:  Doug Stewart	 	 	 	 

          

        

         

         

        State of CALIFORNIA

        County of Los Angeles

         

        On October 29, 2009 before me, D'Nira S. Walden, Notary Public,
personally appeared Patrick McCormack, Daniel Whitwer, and Doug Stewart wh
provied to me on the basis of satisfactory evidence to be the person(s) whose
name(s) are subscribed to the within instrument and acknoweldge to me tht they
executed the same in their authorized capacity(ies) and that by their
signature(s) on the instrument the person(s), or the entity upon behalf of which
the person(s) acted, executed the instrument.

         

        I certify uner PENALTY OF PERJURY under the laws of the State of
California taht the foregoing paragraph is true and correct.

                                                        

          
            	 	 	 
	 	 	 	 
	
                     

                  	
                     

                  	/s/ D'Nira
      S. Walden	 
	 	 	 NOTARY
      PUBLIC	 
	 	 	My
      Comm. expires Jul 3, 2010  	 
	 	 	(SEAL)	 

          

        

        

      

       

       

      
 

      
        
          
            ACT OF
FOURTH AMENDMENT TO LOUISIANA MORTGAGE

             

            LEGAL_US_W #
62608053.2

             

          

           

        

        
           

          
            

          

        

        
           

        

      

      EXHIBIT
A

      (OWNED
REAL ESTATE)

      

      1A.           A
certain tract or parcel of ground, together with any and all buildings and
improvements thereon, located in Sections 77 & 83, Township 6 South, Range 4
East, ST. LANDRY PARISH, LOUISIANA, containing 7.329 acre, Cosgrove A, being
shown and described according to “PLAT OF SURVEY PREPARED FOR THE OLD EVANGELINE
DOWNS, L.C. SHOWING A 7.329 ACRE TRACT OF LAND SITUATED IN T-6-S, R-4-E, ST.
LANDRY PARISH, LOUISIANA”, by Randall E. Ward, Registered Professional Land
Surveyor, Aucoin & Associates, Inc., dated 8/20/02, a copy of which is filed
of record, said tract being more particularly described according to said plat
as follows, to-wit:

      

      Commence
at a point which is the intersection of the East Line of La. 1244 and the North
Line of La. Hwy. 31; thence go North 62 degrees 31’ 23” West a distance of
643.93’ to corner located on the right-of-way of La. Hwy. 1244 and POINT OF
BEGINNING; thence go South 13 degrees 19’ 14” West a distance of 491.68’ to
point and corner located on the Northerly right-of-way of La. Hwy. 31/Creswell
Lane (Ext.); thence go along highway right-of-way South 77 degrees 27’ 33” West
a distance of 680.72’ to point and corner; thence go North 01 degrees 21’ 49”
East a distance of 299.21’ to point and corner; thence go North 77 degrees 26’
43” East a distance of 182.50’ to point; thence go North 42 degrees 45’ 59” East
a distance of 570.51’ to point and corner; thence go South 57 degrees 21’ 46”
East a distance of 243.58’ to corner and POINT OF BEGINNING.

      

      Being the
same property acquired by The Old Evangeline Downs, L.C. from Martin A.
Cosgrove, Sr., et al, as per act of Cash Sale filed of record in the Official
Conveyance Records of St. Landry Parish, LA, on September 6, 2002, in COB H-39,
page 863, Document #893521.

      

      1B.           A
certain tract or parcel of ground, together with any and all buildings and
improvements thereon, located in Sections 77 & 83, Township 6 South, Range 4
East, ST. LANDRY PARISH, LOUISIANA, containing 3.232 acres, being shown and
described according to “PLAT OF SURVEY PREPARED FOR THE OLD EVANGELINE DOWNS,
L.C. SHOWING A 3.232 ACRE TRACT OF LAND SITUATED IN T-6-S, R-4-E, ST. LANDRY
PARISH, LOUISIANA”, by Randall E. Ward, Registered Professional Land Surveyor,
Aucoin & Associates, Inc., dated 8/20/02, a copy of which is filed of
record, said tract being more particularly described according to said plat as
follows, to-wit:

      

      Commence
at a point which is the intersection of the East Line of La. 1244 and the North
Line of La. Hwy. 31; thence go South 79 degrees 04’ 56” West a distance of
109.21’ to the Southeast corner of the herein described tract which is the POINT
OF BEGINNING located on the Northerly right-of-way of La. Hwy. 31/Creswell Lane
(Ext.); thence go along highway right-of-way South 77 degrees 25’ 05” West a
distance of 593.15’ to point and corner; thence go North 13 degrees 19’ 14” East
a distance of 491.68’ to point and corner located on the Southerly right-of-way
of La. Hwy. 1244; thence go South 57 degrees 21’ 46” East a distance of 383.59’
to point; thence South 46 degrees 56’ 58” East a distance of 102.33’ to point;
thence go South 58 degrees 13’ 13” East a distance of

      
        
          
            LEGAL_US_W #
62608053.2

          

           

        

        
           

          
            

          

        

        
           

        

      

      77.87’ to
point; thence go South 02 degrees 52’ 47” East a distance of 31.51’ to corner
and POINT OF BEGINNING.

      

      Being the
same property acquired by The Old Evangeline Downs, L.C. from Gordon Donald
Watkins, et al, as per act of Cash Sale filed of record in the Official
Conveyance Records of St. Landry Parish, LA, on September 6, 2002, in COB H-39,
page 984, Document #893533.

      

      

      1C.           A
certain tract or parcel of ground, together with any and all improvements
thereon, located in ST. LANDRY PARISH, LOUISIANA, being shown and described as
TRACT 15, containing 150.045 acres, according to “Plat of Survey for Alice B.
Heard Realty Co., Inc. showing a partition of property situated in sections 38,
41, 42, 43, 54, 59, 65, 67, 68, 69, 70, 73, 76, 77 and 83, township 6 south,
range 4 east, St. Landry Parish, Louisiana”, dated September 13, 1985, by Robert
L. Wolfe, Jr., Registered Professional Land Surveyor, Morgan Goudeau Associates,
Inc., filed of record in the Official Conveyance Records of the Parish of St.
Landry, Louisiana, as Register #701770, in COB R-26, folio 143.

      

      Said
tract being further described as Tract 15, containing 149.997 acres, according
to “PLAT OF SURVEY FOR CONCEPT INVESTMENTS, INC. SHOWING TRACTS 15 & 16 OF
THE ALICE BOAGNI HEARD PARTITION SITUATED IN SECTIONS 41, 65, 76, 77 & 83,
TOWNSHIP 6 SOUTH, RANGE 4 EAST ST. LANDRY PARISH, LOUISIANA”, by Robert Wolfe,
Jr., RPLS, for Morgan Goudeau & Associates, dated January 14, 2000, a copy
of which is filed of record in the Official Conveyance Records of St. Landry
Parish, LA.

      

      Being the
same property acquired by The Old Evangeline Downs, L.C. from Alice Augusta
Rozas Beinvenu, et al, as per act of Cash Sale filed of record in the Official
Conveyance Records of St. Landry Parish, LA, on September 6, 2002, in COB H-39,
page 870, Document #893522.

      

      

      1D.           A
certain tract or parcel of ground, together with any and all improvements
thereon, located in ST. LANDRY PARISH, LOUISIANA, being shown and described as
TRACT 16, containing 143.045 acres, according to “Plat of Survey for Alice B.
Heard Realty Co., Inc. showing a partition of property situated in sections 38,
41, 42, 43, 54, 59, 65, 67, 68, 69, 70, 73, 76, 77 and 83, township 6 south,
range 4 east, St. Landry Parish, Louisiana”, dated September 13, 1985, by Robert
L. Wolfe, Jr., Registered Professional Land Surveyor, Morgan Goudeau Associates,
Inc., filed of record in the Official Conveyance Records of the Parish of St.
Landry, Louisiana, as Register #701770, in COB R-26, folio 143.

      

      LESS
& EXCEPT:

      

      1)           A
5.0 acre tract sold to Joseph Y. Dupre, et ux, from Mary Ann Rozas Darby, as per
Act of Cash Sale filed of record July 2, 1987, in COB I-29, folio 243, Official
Conveyance Records of St. Landry Parish, LA.

      2)           A
9.077 acre tract sold to Gerard Peron, et ux, as per act of Sale filed of record
May 21, 1990, in COB K-32, folio 240, Official Conveyance Records of St. Landry
Parish, LA.

      
        
          
            LEGAL_US_W #
62608053.2

          

           

        

        
           

          
            

          

        

        
           

        

      

      

      Said
tract being further described as Tract 16, containing 128.990 acres, according
to “PLAT OF SURVEY FOR CONCEPT INVESTMENTS, INC. SHOWING TRACTS 15 & 16 OF
THE ALICE BOAGNI HEARD PARTITION SITUATED IN SECTIONS 41, 65, 76, 77 & 83,
TOWNSHIP 6 SOUTH, RANGE 4 EAST ST. LANDRY PARISH, LOUISIANA”, by Robert Wolfe,
Jr., RPLS, for Morgan Goudeau & Associates, dated January 14, 2000, a copy
of which is filed of record in the Official Conveyance Records of St. Landry
Parish, LA.  Being the same property acquired by The Old Evangeline
Downs, L.C. from Mary Ann Rozas Nicholson, et al, as per act of Cash Sale filed
of record in the Official Conveyance Records of St. Landry Parish, LA, on
September 6, 2002, in COB H-39, page 881, Document #893523.

      

      

      1E.           Five
(5) certain tracts or parcels of ground, together with any and all improvements
thereon, located in ST. LANDRY PARISH, LOUISIANA, being shown and described as
TRACT “A”, containing 188.540 acres, TRACT “C”, containing 19.145 acres, TRACT
“D”, containing 5.464 acres, TRACT “E”, containing 18.531 acres, TRACT “F”,
containing 10.570 acres, according to “PLAT OF SURVEY PREPARED FOR THE OLD
EVANGELINE DOWNS, L.C. SHOWING SEVERAL TRACTS OF LAND SITUATED IN T-6-S, R-4-E
ST. LANDRY PARISH, LOUISIANA”, by Randall E. Ward, PLS/Aucoin & Associates,
Inc., dated January 28, 2003, said tracts having such measurements and
dimensions as shown on said survey.  Being the same property acquired
by The Old Evangeline Downs, L.C. from Fort Hamilton Heights-West, et al, as per
act of Cash Sale filed of record in the Official Conveyance Records of St.
Landry Parish, LA, on September 6, 2002, in COB H-39, page 944, Document
#893531.

      

      1F.           A
certain tract or parcel of ground, together with any and all improvements
thereon, located in Sections 77 and 83, Township 6 South, Range 4 East, St.
Landry Parish, La, being shown and described as COSGROVE B, 4.407 acres,
according to “PLAT OF SURVEY PREPARED FOR THE OLD EVANGELINE DOWNS, L.C. SHOWING
A 4.407 ACRE TRACT OF LAND SITUATED IN T-6-S, R-4-E ST. LANDRY PARISH,
LOUISIANA”, by Randall E. Ward, RPLS, dated 8/16/02, revised 9/20/02, said tract
being further shown and described according to said survey as follows,
to-wit:

      

      Commence
at the Northeasterly corner of said tract, located on the right-of-way of La.
Hwy. 1244, which point is located North 61 degrees 06’ 27” West a distance of
886.79 from the intersection of the East Line of La. 1244 and the North Line of
La. Hwy. 31, which  point is the POINT OF BEGINNING; thence go South
42 degrees 45’ 59” West a distance of 570.51’ to point; thence go South 77
degrees 26’ 43” West a distance of 182.50’ to point; thence go North 01 degrees
21’ 49” East a distance of 202.26’ to point; thence go North 01 degrees 40’ 13”
East a distance of 283.39’ to point and corner; thence go North 84 degrees 27’
38” East a distance of 256.12’ to point; thence go North 18 degrees 08’ 07” East
a distance of 118.94’ to point and corner located on the right-of-way of La.
Hwy. 1244; thence go along said highway right-of-way South 57 degrees 41’ 32”
East a distance of 308.22’ to corner and POINT OF BEGINNING. Being the same
property acquired by The Old Evangeline Downs, L.L.C. from Martin A. Cosgrove,
Sr.,

      
        
          
            LEGAL_US_W #
62608053.2

          

           

        

        
           

          
            

          

        

        
           

        

      

      et al, as
per act of Cash Sale filed of record in the Official Conveyance Records of St.
Landry Parish, LA, on May 15, 2003, in COB R39, page 270, Document
#905624.

      

      1G.           A
certain tract or parcel of ground, together with any and all improvements
thereon, located in Section 77, Township 6 South, Range 4 East, St. Landry
Parish, La, being shown and described as COSGROVE C, 0.515 acres, according to
“PLAT OF SURVEY PREPARED FOR THE OLD EVANGELINE DOWNS, L.C. SHOWING A 1.377 ACRE
TRACT OF LAND SITUATED IN T-6-S, R-4-E ST. LANDRY PARISH, LOUISIANA”, by Randall
E. Ward, RPLS, dated 9/20/02, said tract being further shown and described
according to said survey as follows, to-wit:

      

      Commence
at the Northeasterly corner of said tract, located on the right-of-way of La.
Hwy. 1244, which point is located North 60 degrees 13’ 37” West a distance of
1194.60’ from the intersection of the East Line of La. 1244 and the North Line
of La. Hwy. 31, which point is the POINT OF BEGINNING; thence go South 18
degrees 08’ 07” West a distance of 118.94’ to point and corner; thence go South
84 degrees 27’ 38” West a distance of 157.47’ to point and corner; thence go
North 14 degrees 11’ 07” East a distance of 64.09’ to point; thence go North 31
degrees 48’ 21” East a distance of 151.97’ to point located on the right-of-way
of La. Hwy. 1244; thence go along said highway right-of-way, South 57 degrees
13’ 55” East a distance of 116.50 to corner and POINT OF
BEGINNING.  Being the same property acquired by The Old Evangeline
Downs, L.L.C. from Martin A. Cosgrove, Sr., et al, as per act of Cash Sale filed
of record in the Official Conveyance Records of St. Landry Parish, LA, on May
15, 2003, in COB R39, page 270, Document #905624

      

      

      1H.           A
certain tract or parcel of ground, together with any and all improvements
thereon, located in Section 77, Township 6 South, Range 4 East, St. Landry
Parish, La, being shown and described as COSGROVE D, 0.862 acre, according to
“PLAT OF SURVEY PREPARED FOR THE OLD EVANGELINE DOWNS, L.C. SHOWING A 0.862 ACRE
TRACT OF LAND SITUATED IN T-6-S, R-4-E ST. LANDRY PARISH, LOUISIANA”, by Randall
E. Ward, RPLS, dated 9/20/02, said tract being further shown and described
according to said survey as follows, to-wit:

      

      Commence
at the Northeasterly corner of said tract, located on the right-of-way of La.
Hwy. 244, which point is located North 59 degrees 57’ 39” West a distance of
1310.96’ from the intersection of the East Line of La. 1244 and the North Line
of La. Hwy. 31, which point is the POINT OF BEGINNING; thence go South 31
degrees 48’ 21” West a distance of 151.97’ to point; thence go South 14 degrees
11’ 07” West a distance of 64.09’ to point and corner; thence go South 84
degrees 27’ 38” West a distance of 98.65’ to point and corner; thence go North
01 degrees 40’ 13” East a distance of 319.81’ to point and corner located on
highway right-of-way of La. Hwy. 1244; thence go along said highway right-of-way
South 57 degrees 13’ 55” East a distance of 219.61’ to point and corner which is
the POINT OF BEGINNING.  Being the same property acquired by The Old
Evangeline Downs, L.L.C. from Martin A. Cosgrove, Sr., et al, as per act of
Cash

      
        
          
            LEGAL_US_W #
62608053.2

          

           

        

        
           

          
            

          

        

        
           

        

      

      Sale
filed of record in the Official Conveyance Records of St. Landry Parish, LA, on
May 15, 2003, in COB R39, page 277, Document #905628.

      

      1I.           A
certain tract or parcel of ground, together with any and all buildings and
improvements thereon, located in Section 77, Township 6 South, Range 4 East, ST.
LANDRY PARISH, LOUISIANA, containing 5.00 + acres, being shown and described
according to “MAP PREPARED FOR  MR. AND MRS. MICKEY
DUPRE  SHOWING OPTION TO PURCHASE FOR SITUATED IN SECTION 77 T-6-S,
R-4-E ST. LANDRY PARISH, LOUISIANA”, by  Aucoin & Associates,
Inc., dated 8/7/02, a copy of which is filed of record in COB Q39, page 979,
Act. #905237, Official Records of St. Landry Parish, LA., said tract being more
particularly described according to said plat as follows, to-wit:

      

      Commence
at a point which is the intersection of the East Line of La. 1244 and the North
Line of La. Hwy. 31; thence North 57 degrees 16' 43'' West a distance of
1643.04' to a point and corner located on La. Hwy. 1244 being the POINT OF
BEGINNING; thence go North 57 degrees 22' 20'' West a distance of 223.64' to a
point and corner; thence North 30 degrees 08 '31'' East a distance of 974.68' to
point and corner; thence South 57 degrees 22 '18' 'East a distance of 223.35' to
point and corner; thence South 30 degrees 07 '31''West a distance of 974.59''
back to the POINT OF BEGINNING.  Being the same property acquired by
The Old Evangeline Downs, L.L.C. from Paul Mickey Dupre, et ux, as per act of
Cash Sale filed of record in the Official Conveyance Records of St. Landry
Parish, LA, on May 8, 2003, in COB Q39, page 979, Act No. 905237, Official
Conveyance Records of St. Landry Parish, LA.

      

      1J.           One
certain lot or parcel of ground, together with any and all buildings and/or
improvements thereon, located in Sections 76 & 77, Township 6 South, Range 4
East, St. Landry Parish, Louisiana, being shown and described as TRACT #8,
containing 13.00 acres, according to “PLAT OF SURVEY PREPARED FOR THE OLD
EVANGELINE DOWNS, L.L.C. SHOWING A 106.416 ACRE TRACT OF LAND SITUATED IN T-6-S,
R-4-E ST. LANDRY PARISH, LOUISIANA”, by Randall E. Ward, RPLS, for Aucoin &
Associates, Inc., dated May 2, 2003, revised October 6, 2003, said Tract #8
being more particularly shown and described according to said plat as follows,
to-wit:

      

      Commence
at the intersection of the North line of La. Hwy. 1244 with the East line of
I-49; thence go South 56 47’ 51” West a distance of 1085.47’ to point and
corner; thence go North 25 14’ 05” East a distance of 581.18’ to corner of
Tract #8 and POINT OF BEGINNING; thence go West 64 45’ 55” West a distance of
425.81’ to point and corner; thence go North 25 14’ 05” East a distance of
1329.88’ to point and corner; thence go South 64 45’ 55” East a distance of
425.891’ to point and corner; thence go South 25 14’ 05” West a distance of
1329.88’ to corner and POINT OF BEGINNING. Being the same property acquired by
The Old Evangeline Downs, L.L.C. from Bart C. Warner, as per act of Cash Sale
filed of record in the Official Conveyance Records of St. Landry Parish, LA, on
October 24, 2003, in COB Z39, page 122, Act. No. 915244.

      

      1K.           Three
(3) certain lots or parcels of ground, together with any and all buildings
and/or improvements thereon, located in Sections 76 & 77, Township 6 South,
Range 4 East, St. Landry

      
        
          
            LEGAL_US_W #
62608053.2

          

           

        

        
           

          
            

          

        

        
           

        

      

      Parish,
Louisiana, being shown and described as TRACTS #1, 2 & 3, according to “PLAT
OF SURVEY PREPARED FOR THE OLD EVANGELINE DOWNS, L.L.C. SHOWING A 106.416 ACRE
TRACT OF LAND SITUATED IN T-6-S, R-4-E ST. LANDRY PARISH, LOUISIANA”, by Randall
E. Ward, RPLS, for Aucoin & Associates, Inc., dated May 2, 2003, revised
October 6, 2003, said plat being filed of record in the Official Records of St.
Landry Parish, LA, at COB Z-39, page 116.

      

       
 

      TRACT 2
(Lot DDC)

      

      COMPRISED
OF THE FOLLOWING PARCEL LOCATED IN WEST BATON ROUGE PARISH, LA:

      

      A certain
tract or parcel of land together with all the buildings and improvements
thereon, and all of the rights, ways, privileges and servitudes thereunto
belonging, on in anywise appertaining situated in the Parish of West Baton
Rouge, State of Louisiana, in Section 92, Township 7 South, Range 12 East,
containing four (4) acres and being more particularly designated as LOT DDC on a
map of survey by John K. Laws, Jr., P.E. and P.L.S., dated January 30, 1997,
entitled “Final Plat of Lot DDC, Being the Removal of a 4.00 Ac. Tract From the
Remaining Portion of the Carolina Planting & Lumber Co. Tract Formerly
Belonging to Dr. Isidor Cohn, Sr., and Located in Section 91 & 92, T-7-S,
R-12-E, Southeastern Land District, West Baton Rouge Parish, Louisiana,” which
plat is attached to and made a part of that certain Act of Cash Sale recorded in
the records of West Baton Rouge Parish, Louisiana recorded in Book No. 366,
under Number 73 of the Conveyance Records; said tract measuring 450.85 feet
front Louisiana Highway 415, and having such measurements and subject to such
servitudes as are more particularly shown on said map by John K. Laws,
Jr.

      

      Being the
same property acquired by Mortgagor herein by Act of Cash Sale dated March 11,
1998, and recorded in the official records of West Baton Rouge Parish,
Louisiana.

      

      TRACT
3

      

      COMPRISED
OF THE FOLLOWING PARCEL LOCATED IN WEST BATON ROUGE PARISH, LA:

      

      A CERTAIN
TRACT OR PARCEL OF LAND TOGETHER WITH ALL IMPROVEMENTS THEREON CONSISTING OF
1.33 ACRES LOCATED IN SECTION 93, TOWNSHIP 7 SOUTH, RANGE 12 EAST, SOUTHEAST
LAND DISTRICT OF LOUISIANA, IN THE PARISH OF WEST BATON ROUGE, AND BEING MORE
PARTICULARLY DESCRIBED AS FOLLOWS:

      

      Commencing
at the Northeast corner of the intersection of North Westport Drive and Office
Park Drive, said point referred to hereafter as the POINT OF BEGINNING; proceed
North 25 degrees, 38 minutes, 43 seconds East a distance of 156.43 feet to a
point and corner; thence continue along the arc of a curve to the right having a
central angle of 26 degrees, 49 minutes, 44 seconds, a radius of 270.00 feet,
and a distance of 126.43 feet to a point and corner; thence

      
        
          
            LEGAL_US_W #
62608053.2

          

           

        

        
           

          
            

          

        

        
           

        

      

      proceed
South 37 degrees, 31 minutes, 34 seconds East a distance of 62.69 feet to a
point and corner; thence proceed South 64 degrees, 21 minutes, 17 seconds East a
distance of 145.00 feet to a point and corner; thence proceed South 25 degrees,
38 minutes, 43 seconds West a distance of 250.00 feet to a point and corner;
thence proceed North 64 degrees, 21 minutes, 17 seconds West a distance of
230.00 feet to a point and corner known as the POINT OF
BEGINNING.  Said property being more particularly described on map
entitled, “Map Showing Improvements to Lot FNB-Westport, Section Two Located in
Section 93, T-7-S, R-12-E Southeast Land District, West Baton Rouge Parish, La.
For FIMSA, INC.” by Evans-Graves Engineers, Inc., dated January 11, 1990, filed
of record Map Book 3, E239.  Being the said property acquired by The
Old Evangeline Downs, L.C. from Racetrack at Evangeline Downs, Inc., as per act
of Cash Sale filed of record on December 6, 1994, in COB 326, folio 198,
Official Conveyance Records of West Baton Rouge Parish, LA.

      

      

      
        
          
            LEGAL_US_W #
62608053.2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00165-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00165-of-00352.parquet"}]]