Document:

Greektown Superholdings, Inc. 8k

 

Exhibit 10.5

 

ASSUMPTION AGREEMENT

 

Assumption Agreement dated
as of December 20, 2013 by Greektown Holdings, L.L.C., a Michigan limited liability company (“GH”) and Comerica
Bank (“Bank”),

 

RECITALS:

 

		A.	Greektown Superholdings, Inc., a Delaware corporation (“GSI”) obtained certain credit
facilities from Bank under a Credit Agreement dated June 30, 2010 between GSI and Bank, which has been amended by five amendments
(as amended, the “Credit Agreement”) and executed and delivered to Bank a Pledge and Security Agreement and certain
other documents (the Credit Agreement, such other documents, being collectively referred to as the “Loan Documents”).

 

		B.	GSI merged with and into GH effective as of December 20, 2013, with GH as the survivor.

 

NOW, THEREFORE,
GH acknowledges and agrees as follows:

		1.	GH assumes and agrees to perform all indebtedness, liabilities and obligations of GSI, whether
now existing or hereafter arising under the Credit Agreement, the Revolving Credit Note and other Loan Documents, including without
limitation, the Indebtedness (as defined in the Credit Agreement) of GSI to Bank and agrees to pay and perform all such indebtedness,
liabilities and/or obligations in time and manner required under the Loan Documents. GH agreed to be bound by the terms and conditions
of the Loan Documents executed by GSI as if GH had originally executed them. Each reference in the Loan Documents to GSI shall
mean GH. Bank consents to the merger of GSI with and into GH with GH as the survivor.

 

		2.	The Assumption Agreement shall be binding upon the parties hereto and their respective successors
and assigns.

 

		3.	This Assumption Agreement is governed by and is to be construed under Michigan law.

 

		4.	Except for the assumption herein set forth, all of the terms and conditions of the Loan Documents
remain unchanged and in full force and effect and each of the Loan Documents is ratified, confirmed and restated.

 

		5.	GH agrees that Collateral (as defined in the Pledge and Security Agreement and/or any other Loan
Document) shall remain in all respects subject to the liens and security interest of Bank established or continued under the Loan
Documents and nothing contained herein and nothing done pursuant hereto shall affect or be construed to affect the liens and security
interests of Bank therein, or the priority thereof.

 

		6.	This Agreement is not an agreement by Bank to any amendment of any of the Loan Documents.

 

 

 

		7.	Without limitation to the other terms and provisions of this Agreement, GH agrees to execute and
deliver from time to time, such documents or agreements as the Bank may request to give effect to the terms of this Agreement.

    	 

    	 

    

 

		8.	GH AND BANK ACKNOWLEDGE THAT THE RIGHT TO TRIAL BY JURY IS A CONSTITUTIONAL ONE, BUT THAT IT MAY
BE WAIVED. EACH PARTY, AFTER CONSULTING (OR HAVING HAD THE OPPORTUNITY TO CONSULT) WITH COUNSEL OF THEIR CHOICE, KNOWINGLY AND
VOLUNTARILY, AND FOR THEIR MUTUAL BENEFIT, WAIVES ANY RIGHT TO TRIAL BY JURY IN THE EVENT OF LITIGATION REGARDING THE PERFORMANCE
OR ENFORCEMENT OF, OR IN ANY WAY RELATED TO, THIS AGREEMENT OR ANY OF THE LOAN DOCUMENTS.

 

 

	

COMERICA BANK

	GREEKTOWN HOLDINGS, L.L.C.
	 	 
	 	 
	By:/s/ ROBERT TULL	By:/s/ MATTHEW CULLEN
	 	 
	Its: Vice President	Its: PresidentGreektown Superholdings, Inc. 8k

Exhibit 10.6

 

 

Master Revolving Note

 

LIBOR-based Rate/Prime
Referenced Rate

Maturity Date-Optional Advances (Business and Commercial
Loans Only)

	AMOUNT

                            

                           $42,750,000
	NOTE DATE

                                                

                                               December 20, 2013
	  MATURITY DATE

                                                

                                               Revolving Credit Maturity Date1

 

  

On or before
the Maturity Date set forth above, FOR VALUE RECEIVED, the undersigned promise(s) to pay to the order of COMERICA BANK (herein
called "Bank"), at any office of the Bank in the State of Michigan, the principal sum of FORTY TWO MILLION SEVEN HUNDRED
FIFTY THOUSAND Dollars ($42,750,000), or so much of said sum as has been advanced and is then outstanding under this Note, together
with interest thereon as hereinafter set forth.

This
Note is a note under which Advances, repayments and re-Advances may be made from time to time, subject to the terms and conditions
of this Note and the Credit Agreement.

Subject
to the terms and conditions of this Note, each of the Advances made hereunder shall bear interest at the LIBOR-based Rate plus
the Applicable Margin or the Prime Referenced Rate plus the Applicable Margin, as elected by the undersigned or as otherwise determined
under this Note.

Interest
accruing on the basis of the Prime Referenced Rate shall be computed on the basis of a year of 360 days, and shall be assessed
for the actual number of days elapsed, and in such computation, effect shall be given to any change in the Applicable Interest
Rate as a result of any change in the Prime Referenced Rate on the date of each such change. Interest accruing on the basis of
the LIBOR-based Rate shall be computed on the basis of a 360 day year and shall be assessed for the actual number of days elapsed
from the first day of the Interest Period applicable thereto but not including the last day thereof. Interest accruing on the basis
of the Prime Referenced Rate shall be payable on the first day of each July, October, December and March, in arrears, until maturity
(whether as stated herein, by acceleration, or otherwise). Interest accruing on the basis of the LIBOR-based Rate shall be payable
on the last day of the applicable Interest Period, and at maturity (whether as stated herein, by acceleration, or otherwise).

From
and after the occurrence of any Default hereunder, and so long as any such Default remains unremedied or uncured thereafter, the
Indebtedness outstanding under this Note shall bear interest at a per annum rate of two percent (2%) above the otherwise Applicable
Interest Rate(s), which interest shall be payable upon demand.

In no event shall the interest payable under
this Note at any time exceed the maximum rate permitted by law.

The
amount and date of each Advance, its Applicable Interest Rate, its Interest Period, if applicable, and the amount and date of any
repayment shall be noted on Bank's records, which records shall be conclusive evidence thereof, absent manifest error; provided,
however, any failure by Bank to make any such notation, or any error in any such notation, shall not relieve the undersigned of
its/their obligations to repay Bank all amounts payable by the undersigned to Bank under or pursuant to this Note, when due in
accordance with the terms hereof.

The
undersigned may request an Advance hereunder, including the refunding of an outstanding Advance as the same type of Advance or
the conversion of an outstanding Advance to another type of Advance, upon the delivery to Bank of a Request for Advance executed
by the undersigned, subject to the following: (a) no Default, or any condition or event which, with the giving of notice or the
running of time, or both, would constitute a Default, shall have occurred and be continuing or exist under this Note; (b) each
such Request for Advance shall set forth the information required on the Request for Advance form annexed hereto as Exhibit "A";
(c) each such Request for Advance shall be delivered to Bank by 1:00 p.m. (Detroit, Michigan time) on the proposed date of the
requested Advance; (d) the principal amount of each LIBOR-based Advance shall be at least Two Hundred Fifty Thousand Dollars ($250,000.00)
and the principal amount of each Prime-based Advance shall be at least One Hundred Thousand Dollars ($100,000.00) (or such lesser
amount as is acceptable to Bank in its sole discretion); (e) the proposed date of any refunding of any outstanding LIBOR-based
Advance as another LIBOR-based Advance or the conversion of any outstanding LIBOR-based Advance to another type of Advance shall
only be on the last day of the Interest Period applicable to such outstanding LIBOR-based Advance; (f) after giving effect to
such Advance, the aggregate unpaid principal amount of Advances outstanding under this Note shall

 1As defined in the Credit Agreement.

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not exceed the face amount
of this Note; and (g) a Request for Advance, once delivered to Bank, shall not be revocable by the undersigned.

Advances
hereunder may be requested in the undersigned's discretion by telephonic notice to Bank. Any Advance requested by telephonic notice
shall be confirmed by the undersigned that same day by submission to Bank, either by first class mail, facsimile or other means
of delivery acceptable to Bank, of the written Request for Advance aforementioned. The undersigned acknowledge(s) that if Bank
makes an Advance based on a telephonic request, it shall be for the undersigned's convenience and all risks involved in the use
of such procedure shall be borne by the undersigned, and the undersigned expressly agree(s) to indemnify and hold Bank harmless
therefor. Bank shall have no duty to confirm the authority of anyone requesting an Advance by telephone.

If,
as to any outstanding LIBOR-based Advance, Bank shall not receive a timely Request for Advance, or telephonic notice, in accordance
with the foregoing requesting the refunding or continuation of such Advance as another LIBOR-based Advance for a specified Interest
Period or the conversion of such Advance to a Prime-based Advance, effective as of the last day of the Interest Period applicable
to such outstanding LIBOR-based Advance, and as of the last day of each succeeding Interest Period, the principal amount of such
Advance which is not then repaid shall be automatically refunded or continued as a LIBOR-based Advance having an Interest Period
equal to the same period of time as the Interest Period then ending for such outstanding LIBOR-based Advance, unless the undersigned
is/are not entitled to request LIBOR-based Advances hereunder or otherwise elect the LIBOR-based Rate as the basis for the Applicable
Interest Rate for the principal Indebtedness outstanding hereunder in accordance with the terms of this Note, or the LIBOR-based
Rate is not otherwise available to the undersigned as the basis for the Applicable Interest Rate hereunder for the principal Indebtedness
outstanding hereunder in accordance with the terms of this Note, in which case, the Prime Referenced Rate plus the Applicable Margin
shall be the Applicable Interest Rate hereunder in respect of such Indebtedness for such period, subject in all respects to the
terms and conditions of this Note. The foregoing shall not in any way whatsoever limit or otherwise affect any of Bank's rights
or remedies under this Note upon the occurrence of any Default hereunder, or any condition or event which, with the giving of notice
or the running of time, or both, would constitute a Default.

Subject
to the definition of an "Interest Period" hereunder, in the event that any payment under this Note becomes due and payable
on any day which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day, and, to the
extent applicable, interest shall continue to accrue and be payable thereon during such extension at the rates set forth in this
Note.

All
payments to be made by the undersigned to Bank under or pursuant to this Note shall be in immediately available United States funds,
without setoff or counterclaim, and in the event that any payments submitted hereunder are in funds not available until collected,
said payments shall continue to bear interest until collected.

If
the undersigned make(s) any payment of principal with respect to any LIBOR-based Advance on any day other than the last day of
the Interest Period applicable thereto (whether voluntarily, by acceleration, required payment or otherwise), or if the undersigned
fail(s) to borrow any LIBOR-based Advance after notice has been given by the undersigned (or any of them) to Bank in accordance
with the terms of this Note requesting such Advance, or if the undersigned fail(s) to make any payment of principal or interest
in respect of a LIBOR-based Advance when due, the undersigned shall reimburse Bank, on demand, for any resulting loss, cost or
expense incurred by Bank as a result thereof, including, without limitation, any such loss, cost or expense incurred in obtaining,
liquidating, employing or redeploying deposits from third parties, whether or not Bank shall have funded or committed to fund
such Advance. Such amount payable by the undersigned to Bank may include, without limitation, an amount equal to the excess, if
any, of (a) the amount of interest which would have accrued on the amount so prepaid, or not so borrowed, refunded or converted,
for the period from the date of such prepayment or of such failure to borrow, refund or convert, through the last day of the relevant
Interest Period, at the applicable rate of interest for said Advance(s) provided under this Note, over (b) the amount of interest
(as reasonably determined by Bank) which would have accrued to Bank on such amount by placing such amount on deposit for a comparable
period with leading banks in the interbank eurodollar market. Calculation of any amounts payable to Bank under this paragraph
shall be made as though Bank shall have actually funded or committed to fund the relevant LIBOR-based Advance through the purchase
of an underlying deposit in an amount equal to the amount of such Advance and having a maturity comparable to the relevant Interest
Period; provided, however, that Bank may fund any LIBOR-based Advance in any manner it deems fit and the foregoing assumptions
shall be utilized only for the purpose of the calculation of amounts payable under this paragraph. Upon the written request of
the undersigned, Bank shall deliver to the undersigned a certificate setting forth the basis for determining such losses, costs
and expenses, which certificate shall be conclusively presumed correct, absent manifest error. The undersigned may prepay all
or part of the outstanding balance of any Prime-based Advance under this Note or any Indebtedness hereunder which is bearing

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interest based upon the Prime
Referenced Rate at any such time without premium or penalty. Any prepayment hereunder shall also be accompanied by the payment
of all accrued and unpaid interest on the amount so prepaid.

For any
LIBOR-based Advance, if Bank shall designate a LIBOR Lending Office which maintains books separate from those of the rest of Bank,
Bank shall have the option of maintaining and carrying such Advance on the books of such LIBOR Lending Office.

If, at
any time, Bank determines that, (a) Bank is unable to determine or ascertain the LIBOR-based Rate, or (b) by reason of circumstances
affecting the foreign exchange and interbank markets generally, deposits in eurodollars in the applicable amounts or for the relative
maturities are not being offered to Bank for any applicable Advance or Interest Period, or (c) the LIBOR-based Rate plus the Applicable
Margin will not accurately or fairly cover or reflect the cost to Bank of maintaining any of the Indebtedness under this Note based
upon the LIBOR-based Rate, then Bank shall forthwith give notice thereof to the undersigned. Thereafter, until Bank notifies the
undersigned that such conditions or circumstances no longer exist, the right of the undersigned to request a LIBOR-based Advance
and to convert an Advance to or refund an Advance as a LIBOR-based Advance shall be suspended, and the Prime Referenced Rate plus
the Applicable Margin shall be the Applicable Interest Rate for all Indebtedness hereunder during such period of time.

If any
Change in Law shall make it unlawful or impossible for the Bank (or its LIBOR Lending Office) to make or maintain any Advance with
interest based upon the LIBOR-based Rate, Bank shall forthwith give notice thereof to the undersigned. Thereafter, (a) until Bank
notifies the undersigned that such conditions or circumstances no longer exist, the right of the undersigned to request a LIBOR-based
Advance and to convert an Advance to or refund an Advance as a LIBOR-based Advance shall be suspended, and thereafter, the undersigned
may select only the Prime Referenced Rate plus the Applicable Margin as the Applicable Interest Rate for the Indebtedness hereunder,
and (b) if Bank may not lawfully continue to maintain an outstanding LIBOR-based Advance to the end of the then current Interest
Period applicable thereto, the Prime Referenced Rate plus the Applicable Margin shall be the Applicable Interest Rate for the remainder
of such Interest Period with respect to such outstanding Advance.

If any
Change in Law shall: (a) subject Bank (or its LIBOR Lending Office) to any tax, duty or other charge with respect to this Note
or any Indebtedness hereunder, or shall change the basis of taxation of payments to Bank (or its LIBOR Lending Office) of the principal
of or interest under this Note or any other amounts due under this Note in respect thereof (except for changes in the rate of tax
on the overall net income of Bank or its LIBOR Lending Office imposed by the jurisdiction in which Bank's principal executive office
or LIBOR Lending Office is located); or (b) impose, modify or deem applicable any reserve (including, without limitation, any imposed
by the Board of Governors of the Federal Reserve System), special deposit or similar requirement against assets of, deposits with
or for the account of, or credit extended by Bank (or its LIBOR Lending Office), or shall impose on Bank (or its LIBOR Lending
Office) or the foreign exchange and interbank markets any other condition affecting this Note or the Indebtedness hereunder; and
the result of any of the foregoing is to increase the cost to Bank of maintaining any part of the Indebtedness hereunder or to
reduce the amount of any sum received or receivable by Bank under this Note by an amount deemed by the Bank to be material, then
the undersigned shall pay to Bank, within fifteen (15) days of the undersigned's receipt of written notice from Bank demanding
such compensation, such additional amount or amounts as will compensate Bank for such increased cost or reduction; provided, that
the undersigned shall not be required to compensate Bank pursuant to this paragraph for any increased costs incurred more than
180 days prior to the date that Bank notifies the undersigned in writing of the increased costs and Bank's intention to claim compensation
thereof; provided, further, that if the circumstance giving rise to such increased costs is retroactive, then the 180-day period
referred to above shall be extended to include the period of retroactive effect thereof. A certificate of Bank, prepared in good
faith and in reasonable detail by Bank and submitted by Bank to the undersigned, setting forth the basis for determining such additional
amount or amounts necessary to compensate Bank shall be conclusive and binding for all purposes, absent manifest error.

In
the event that any Change in Law affects or would affect the amount of capital required or expected to be maintained by Bank (or
any corporation controlling Bank), and Bank determines that the amount of such capital is increased by or based upon the existence
of any obligations of Bank hereunder or the maintaining of any Indebtedness hereunder, and such increase has the effect of reducing
the rate of return on Bank's (or such controlling corporation's) capital as a consequence of such obligations or the maintaining
of such Indebtedness hereunder to a level below that which Bank (or such controlling corporation) could have achieved but for
such circumstances (taking into consideration its policies with respect to capital adequacy), then the undersigned shall pay to
Bank, within fifteen (15) days of the undersigned's receipt of written notice from Bank demanding such compensation, additional
amounts as are sufficient to compensate Bank (or such controlling corporation) for any increase in the amount of capital and reduced
rate of return which Bank reasonably determines to be allocable to the existence of any obligations of the Bank hereunder or to
maintaining any Indebtedness hereunder; provided, that the undersigned shall not be required to compensate Bank

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pursuant to this paragraph
for any increased capital or reduced rate of return incurred more than 180 days prior to the date that Bank notifies the undersigned
in writing of the increased capital or reduced rate of return and Bank's intention to claim compensation thereof; provided, further,
that if the circumstance giving rise to such increased capital or reduced rate of return is retroactive, then the 180-day period
referred to above shall be extended to include the period of retroactive effect thereof. A certificate of Bank as to the amount
of such compensation, prepared in good faith and in reasonable detail by the Bank and submitted by Bank to the undersigned, shall
be conclusive and binding for all purposes absent manifest error.

Upon
the occurrence and at any time during the continuance or existence of a Default, the Bank may, at its option and without prior
notice to the undersigned (or any of them), declare any or all of the Indebtedness to be immediately due and payable (notwithstanding
any provisions contained in the evidence of it to the contrary), sell or liquidate all or any portion of the Collateral, set off
against the Indebtedness any amounts owing by the Bank to the undersigned (or any of them), charge interest at the default rate
provided in the document evidencing the relevant Indebtedness and exercise any one or more of the rights and remedies granted to
the Bank by any agreement with the undersigned (or any of them) or given to it under applicable law.

The undersigned
authorize(s) the Bank, upon the occurrence and during the continuance of a Default, to charge any account(s) of the undersigned
(or any of them) with the Bank for any and all sums due hereunder when due; provided, however, that such authorization shall not
affect any of the undersigned's obligation to pay to the Bank all amounts when due, whether or not any such account balances that
are maintained by the undersigned with the Bank are insufficient to pay to the Bank any amounts when due, and to the extent that
are insufficient to pay to the Bank all such amounts, the undersigned shall remain liable for any deficiencies until paid in full.

If this
Note is signed by two or more parties (whether by all as makers or by one or more as an accommodation party or otherwise), the
obligations and undertakings under this Note shall be that of all and any two or more jointly and also of each severally. This
Note shall bind the undersigned, and the undersigned's respective heirs, personal representatives, successors and assigns.

For the purposes of this Note, the following
terms have the following meanings:

"Advance"
means a borrowing requested by the undersigned and made by Bank under this Note, including any refunding of an outstanding Advance
as the same type of Advance or the conversion of any such outstanding Advance to another type of Advance, and shall include a LIBOR-based
Advance and a Prime-based Advance.

"Applicable
Interest Rate" means the LIBOR-based Rate plus the Applicable Margin or the Prime Referenced Rate plus the Applicable Margin,
as selected by the undersigned from time to time or as otherwise determined in accordance with the terms and conditions of this
Note.

"Applicable
Margin" shall have the meaning given to such term in, and shall be determined as provided by, the Credit Agreement.

"Business
Day" means any day, other than a Saturday, Sunday or any other day designated as a holiday under Federal or applicable State
statute or regulation, on which Bank is open for all or substantially all of its domestic and international business (including
dealings in foreign exchange) in Detroit, Michigan, and, in respect of notices and determinations relating to LIBOR-based Advances,
the LIBOR-based Rate and the Daily Adjusting LIBOR Rate, also a day on which dealings in dollar deposits are also carried on in
the London interbank market and on which banks are open for business in London, England.

"Change
in Law" means the occurrence, after the date hereof, of any of the following: (i) the adoption or introduction of, or any
change in any applicable law, treaty, rule or regulation (whether domestic or foreign) now or hereafter in effect and whether
or not applicable to Bank on such date, or (ii) any change in interpretation, administration or implementation thereof of any
such law, treaty, rule or regulation by any Governmental Authority, or (iii) the issuance, making or implementation by any Governmental
Authority of any interpretation, administration, request, regulation, guideline, or directive (whether or not having the force
of law), including any risk-based capital guidelines. For purposes of this definition, (x) a change in law, treaty, rule, regulation,
interpretation, administration or implementation shall include, without limitation, any change made or which becomes effective
on the basis of a law, treaty, rule, regulation, interpretation administration or implementation then in force, the effective
date of which change is delayed by the terms of such law, treaty, rule, regulation, interpretation, administration or implementation,
and (y) the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub. L. 111-203, H.R. 4173) and all requests, rules, regulations,
guidelines,

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interpretations or directives promulgated
thereunder or issued in connection therewith shall be deemed to be a "Change in Law", regardless of the date enacted,
adopted, issued or promulgated, whether before or after the date hereof, and (z) all requests, rules, guidelines or directives
promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar
authority) or the United States regulatory authorities, in each case pursuant to Basel III, shall each be deemed to be a "Change
in Law", regardless of the date enacted, adopted, issued or implemented.

"Credit
Agreement" shall mean the Credit Agreement dated as of the date hereof between the undersigned and the Bank, as amended from
time to time.

"Daily
Adjusting LIBOR Rate" means, for any day, a per annum interest rate which is equal to the quotient of the following:

		(a)	for any day, the per annum rate of interest determined on the basis of the
rate for deposits in United States Dollars for a period equal to one (1) month appearing on Page BBAM of the Bloomberg Financial
Markets Information Service as of 11:00 a.m. (Detroit, Michigan time) (or as soon thereafter as practical) on such day, or if such
day is not a Business pay, on the immediately preceding Business Day. In the event that such rate does not appear on Page BBAM
of the Bloomberg Financial Markets Information Service (or otherwise on such Service) on any day, the "Daily Adjusting LIBOR
Rate" for such day shall be determined by reference to such other publicly available service for displaying eurodollar rates
as may be reasonably selected by Bank, or, in the absence of such other service, the "Daily Adjusting LIBOR Rate" for
such day shall, instead, be determined based upon the average of the rates at which Bank is offered dollar deposits at or about
11:00 a.m. (Detroit, Michigan time) (or as soon thereafter as practical), on such day, or if such day is not a Business Day, on
the immediately preceding Business Day, in the interbank eurodollar market in an amount comparable to the applicable principal
amount of Indebtedness hereunder and for a period equal to one (1) month;

divided by

		(b)	1.00 minus the maximum rate (expressed as a decimal) on such day at which
Bank is required to maintain reserves on "Euro-currency Liabilities" as defined in and pursuant to Regulation D of the
Board of Governors of the Federal Reserve System or, if such regulation or definition is modified, and as long as Bank is required
to maintain reserves against a category of liabilities which includes eurodollar deposits or includes a category of assets which
includes eurodollar loans, the rate at which such reserves are required to be maintained on such category.

"Default" shall mean any "Event
of Default" as defined in the Credit Agreement.

"Governmental
Authority" means the government of the United States of America or any other nation, or of any political subdivision thereof,
whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising
executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including,
without limitation, any supranational bodies such as the European Union or the European Central Bank).

"Interest
Period" means, with respect to a LIBOR-based Advance, a period of one (1) month, two (2) months, or three (3) months, as selected
by the undersigned, or as otherwise determined pursuant to and in accordance with the terms of this Note, commencing on the day
a LIBOR-based Advance is made or the day an Advance is converted to a LIBOR-based Advance or the day an outstanding LIBOR-based
Advance is refunded or continued as another LIBOR-based Advance for an applicable Interest Period, provided that any Interest Period
which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day, except that
if the next succeeding Business Day falls in another calendar month, the Interest Period shall end on the next preceding Business
Day, and when an Interest Period begins on a day which has no numerically corresponding day in the calendar month during which
such Interest Period is to end, it shall end on the last Business Day of such calendar month. In the event that any LIBOR-based
Advance is at any time refunded or continued as another LIBOR-based Advance for an additional Interest Period, such Interest Period
shall commence on the last day of the preceding Interest Period then ending.

"LIBOR-based Advance"
means an Advance which bears interest at the LIBOR-based Rate plus the Applicable

Margin.

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"LIBOR-based Rate" means a per annum
interest rate which is equal to the quotient of the following:

		(a)	the LIBOR Rate; divided by

		(b)	1.00 minus the maximum rate (expressed as a decimal) during such Interest
Period at which Bank is required to maintain reserves on "Euro-currency Liabilities" as defined in and pursuant to Regulation
D of the Board of Governors of the Federal Reserve System or, if such regulation or definition is modified, and as long as Bank
is required to maintain reserves against a category of liabilities which includes eurodollar deposits or includes a category of
assets which includes eurodollar loans, the rate at which such reserves are required to be maintained on such category;

"LIBOR
Lending Office" means Bank's office located in the Cayman Islands, British West Indies, or such other branch of Bank, domestic
or foreign, as it may hereafter designate as its LIBOR Lending Office by notice to the undersigned.

"LIBOR
Rate" means, with respect to any Indebtedness outstanding under this Note bearing interest on the basis of the LIBOR-based
Rate, the per annum rate of interest determined on the basis of the rate for deposits in United States Dollars for a period equal
to the relevant Interest Period for such Indebtedness, commencing on the first day of such Interest Period, appearing on Page BBAM
of the Bloomberg Financial Markets Information Service as of 11:00 a.m. (Detroit, Michigan time) (or as soon thereafter as practical),
two (2) Business Days prior to the first day of such Interest Period. In the event that such rate does not appear on Page BBAM
of the Bloomberg Financial Markets Information Service (or otherwise on such Service), the "LIBOR Rate" shall be determined
by reference to such other publicly available service for displaying eurodollar rates as may be reasonably selected by Bank, or,
in the absence of such other service, the "LIBOR Rate" shall, instead, be determined based upon the average of the rates
at which Bank is offered dollar deposits at or about 11:00 a.m. (Detroit, Michigan time) (or as soon thereafter as practical),
two (2) Business Days prior to the first day of such Interest Period in the interbank eurodollar market in an amount comparable
to the principal amount of the respective LIBOR-based Advance which is to bear interest on the basis of such LIBOR-based Rate and
for a period equal to the relevant Interest Period.

"Prime
Rate" means the per annum interest rate established by Bank as its prime rate for its borrowers, as such rate may vary from
time to time, which rate is not necessarily the lowest rate on loans made by Bank at any such time.

"Prime-based
Advance" means an Advance which bears interest at the Prime Referenced Rate plus the Applicable Margin.

"Prime
Referenced Rate" means, for any day, a per annum interest rate which is equal to the Prime Rate in effect on such day, but
in no event and at no time shall the Prime Referenced Rate be less than the sum of the Daily Adjusting LIBOR Rate for such day
plus two and one-half percent (2.50%) per annum. If, at any time, Bank determines that it is unable to determine or ascertain the
Daily Adjusting LIBOR Rate for any day, the Prime Referenced Rate for each such day shall be the Prime Rate in effect at such time,
but not less than two and one-half percent (2.50%) per annum.

"Request
for Advance" means a Request for Advance issued by the undersigned under this Note in the form annexed to this Note as Exhibit
"A".

No delay
or failure of Bank in exercising any right, power or privilege hereunder shall affect such right, power or privilege, nor shall
any single or partial exercise thereof preclude any further exercise thereof, or the exercise of any other power, right or privilege.
The rights of Bank under this Note are cumulative and not exclusive of any right or remedies which Bank would otherwise have, whether
by other instruments or by law.

This Note is subject to all terms and
conditions of the Credit Agreement, to which reference is hereby made.

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This
Note amends and restates that certain Master Revolving Note dated as of June _, 2010, made
in the original principal amount of Thirty Million Dollars ($30,000,000) (as increased to $45,000,000) by Greektown Superholdings,
Inc. (the predecessor in interest to undersigned) payable to Bank (the "Prior Note"); provided, however. (i)
the execution and delivery by the undersigned of this Note shall not, in any manner or circumstance, be deemed to be a payment
of, a novation of or to have terminated, extinguished or discharged any of the undersigned's indebtedness evidenced by the Prior
Note, all of which indebtedness shall continue under and shall hereinafter be evidenced and governed by this Note, and (ii) all
collateral and guaranties securing or supporting the Prior Note shall continue to secure and support this Note.

GREEKTOWN HOLDINGS, L.L.C., (successor
by reason of merger to Greektown Superholdings, Inc.)

 

By: /s/ MATTHEW CULLEN

SIGNATURE OF Matthew Cullen

 

Its: President

TITLE

 

	555
East Lafayette	Detroit	MI	48226
	STREET ADDRESS	CITY	STATE	ZIP

 

	For Bank Use Only	 
	LOAN OFFICER INITIALS MSW	LOAN GROUP NAME MMB — Metro D	
        OBLIGOR NAME

        Greektown Superholdings, Inc.

	LOAN
    OFFICER ID. NO.	LOAN GROUP NO. 91607	OBLIGOR NO.	NOTE NO	
        AMOUNT

        $42,750,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00224-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00224-of-00352.parquet"}]]