Document:

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                                                                    EXHIBIT 10.2

                        FIRST AMENDMENT TO LOAN AGREEMENT

         This First Amendment to Loan Agreement is made and entered into
effective this 1st day of December, 2001 by and among Princesa Partners, a
Florida general partnership (the "Borrower"), and each of the lenders listed in
the signature block hereto (collectively, the "Lenders").

                                    RECITALS

         A.       The Borrower and the Lenders entered into a Loan Agreement
                  dated as of October 22, 1998 (the "Loan Agreement") pursuant
                  to which the Lenders made a loan to Borrower in the amount of
                  $8,400,000 for the purposes set forth in the Loan Agreement.
                  All capitalized terms not otherwise defined herein shall have
                  the meanings set forth in the Loan Agreement.

         B.       The Borrower and the Lenders desire to amend the Loan
                  Agreement as provided herein.

         NOW THEREFORE, in consideration of the Recitals and the covenants
herein and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties agree that the Loan
Agreement is amended as follows effective on December 1, 2001:

                  1.       The definition of "Bayfront" in Article I is hereby
                           deleted and the following is substituted in its
                           place:

                                    "Bayfront" means Bayfront Ventures, a
                                    Florida General Partnership, prior to its
                                    dissolution in March 2000 and thereafter
                                    Concorde Cruises, Inc.

                  2.       The definition of "Collateral" in Article I is hereby
                           deleted and the following is substituted in its
                           place:

                                    "Collateral" means (i) all items defined as
                                    "Collateral" in the Security Agreement, (ii)
                                    the Vessel, and (iii) all funds on deposit
                                    in the account pledged pursuant to Section
                                    6.18 hereof.

                  3.       The following is hereby added at the end of the
                           definition of "Debt Service" in Article I:

                                    Fees and expenses paid to the Lenders and
                                    the excess of interest at the Default Rate
                                    over the Loan Rate shall not be included in
                                    Debt Service.

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                  4.       The definition of "Debt Service Coverage Ratio" in
                           Article I is hereby deleted and the following is
                           substituted in its place:

                                    "Debt Service Coverage Ratio" means, with
                                    respect to the Borrower and Bayfront on a
                                    combined basis for the first three
                                    consecutive months of the four consecutive
                                    months preceding the date of measurement,
                                    the ratio of (i) net income after taxes plus
                                    the sum of depreciation and amortization,
                                    interest expense and fees and expenses paid
                                    to Lenders, and less the sum of any
                                    dividends or other distributions and any
                                    payments (principal or interest) of
                                    indebtedness to other than Lenders, all
                                    determined in accordance with GAAP
                                    consistently applied for such period, to
                                    (ii) Debt Service for such period.

                  5.       The definition of "Guarantors" in Article I is hereby
                           deleted and the following is substituted in its
                           place:

                                    "Guarantors" means Bruce Lien, Deanna Lien,
                                    Michael Hlavsa, David Grossman, Concorde
                                    Gaming Corporation and Bayfront.

                  6.       The following is hereby added at the end of Section
                           2.2(b) before the period:

                                    ; provided that for any period during which
                                    the Debt Service Coverage Ratio is less than
                                    1.5 to 1.0, the Loan Rate shall be 10 5/8%
                                    plus whichever of the following applies to
                                    the month or portion thereof: (i) 3.625% if
                                    the Debt Service Coverage Ratio as of the
                                    last day of the month is less than .76 to
                                    1.0; (ii) 1.875% if the Debt Service
                                    Coverage Ratio is equal to or more than .76
                                    to 1.0 but less than 1.01 to 1.0; and (iii)
                                    .875% if the Debt Service Coverage Ratio is
                                    equal to or more than 1.01 to 1.0 but less
                                    than 1.5 to 1.0.

                  7.       The first sentence of Section 2.2 (d) is hereby
                           deleted and the following sentences are substituted
                           in its place:

                                    Commencing on the Conversion Date and
                                    continuing on the first day of each month
                                    thereafter to and including the Maturity
                                    Date, (i) the principal of each Note shall
                                    be due and payable in consecutive monthly
                                    payments with each such monthly principal
                                    installment due in the amount stated for
                                    such Note under "Principal" next to the
                                    applicable month in Exhibit E and (ii)
                                    interest thereon shall be due in arrears for
                                    the prior month at the applicable interest
                                    rate or rates in addition to such principal
                                    payment. The amounts labeled "interest" in
                                    Exhibit E are illustrative only of how the
                                    principal amortization was determined and do
                                    not necessarily indicate the interest
                                    payable for such month.

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                  8.       Section 6.13 is hereby deleted and the following is
                           substituted in its place:

                                    Section 6.13 Debt Service Coverage Ratio.
                                    For each month achieve a Combined Debt
                                    Service Coverage Ratio of no less than 1.0
                                    to 1.0.

                  9.       The first sentence of Section 6.14 is hereby amended
                           to read as follows:

                                    At January 31, 2001 maintain a combined
                                    Tangible Net Worth of $2,822,718 and at the
                                    end of each month thereafter maintain a
                                    Tangible Net Worth equal to the Tangible Net
                                    Worth requirement for the prior month plus
                                    the greater of $1 or 10% of the combined net
                                    income after taxes of the Borrower and
                                    Bayfront for the current month.

                  10.      Section 6.15 (a) is hereby amended as follows:

                           a.       The words and letters "forty-five (45) days"
                                    are replaced by the words and letters
                                    "twenty (20) days."

                           b.       The words "fiscal quarter" are replaced by
                                    the words "calendar month."

                           c.       The word "quarter" is replaced by the word
                                    "month" each place it appears.

                  11.      The following Section 6.18 is hereby added after
                           Section 6.17:

                                    Section 6.18 Deposit of Revenues. Commencing
                                    on February 15, 2002, Borrower and Bayfront
                                    shall deposit before the close of business
                                    each day in an account pledged to the
                                    Lenders pursuant to an account agreement
                                    satisfactory to the Servicer at a bank
                                    reasonably satisfactory to the Servicer the
                                    sum of the Gross Facility Revenue for the
                                    day plus any cash on hand not on deposit of
                                    both the Borrower and Bayfront at the
                                    commencement of business on such date less
                                    any gaming bank required to operate on the
                                    following business day. The amount on
                                    deposit in such account shall be Collateral
                                    for the Loans and the Lenders shall have the
                                    right to offset any amounts due hereunder
                                    against the amount on deposit in such
                                    account. In the event that Borrower receives
                                    any payment that should have been deposited
                                    as provided herein, the Borrower agrees that
                                    Borrower will hold such payment in trust for
                                    the benefit of the Lenders, shall not
                                    commingle such amounts with any funds or
                                    other property of Borrower and shall
                                    immediately transfer such payment in
                                    accordance with the Servicer's instructions.

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                  12.      Section 7.1 (c) is hereby amended by adding before
                           the semicolons therein the following:

                                    , provided that no such notice shall be
                                    required in regard to failure to comply with
                                    any of the covenants set forth in Sections
                                    6.13, 6.14 or 6.18.

                  13.      Section 8.2 is hereby amended to change the name in
                           the address for notice to the Servicer to Integra
                           Bank from The National City Bank of Evansville and
                           the attention line for such notice to Christopher
                           Tietz.

                  14.      The second Section 8.18 is hereby redesignated
                           Section 8.19.

                  15.      The following Section 8.20 is hereby added after
                           Section 8.19:

                                    Section 8.20 RELIEF FROM AUTOMATIC STAY.
                                    BORROWER HEREBY AGREES THAT, IN THE EVENT
                                    BORROWER SHALL (i) FILE WITH ANY BANKRUPTCY
                                    COURT OF COMPETENT JURISDICTION OR BE THE
                                    SUBJECT OF ANY PETITION UNDER TITLE 11 OF
                                    THE U.S. CODE, AS AMENDED, (ii) BE THE
                                    SUBJECT OF ANY ORDER FOR RELIEF ISSUED UNDER
                                    SUCH TITLE 11 OF THE U.S. CODE, AS AMENDED,
                                    (iii) FILE OR BE THE SUBJECT OF ANY PETITION
                                    SEEKING ANY REORGANIZATION, ARRANGEMENT,
                                    COMPOSITION, READJUSTMENT, LIQUIDATION,
                                    DISSOLUTION, OR SIMILAR RELIEF UNDER ANY
                                    PRESENT OR FUTURE FEDERAL OR STATE ACT OR
                                    LAW RELATING TO BANKRUPTCY, INSOLVENCY, OR
                                    OTHER RELIEF FOR DEBTORS, (iv) HAVE SOUGHT
                                    OR CONSENTED TO OR ACQUIESCED IN THE
                                    APPOINTMENT OF ANY TRUSTEE, RECEIVER,
                                    CONSERVATOR, OR LIQUIDATOR, (v) BE THE
                                    SUBJECT OF ANY ORDER, JUDGEMENT, OR DECREE
                                    ENTERED BY ANY COURT OF COMPETENT
                                    JURISDICTION APPROVING A PETITION FILED
                                    AGAINST SUCH PARTY FOR ANY REORGANIZATION,
                                    ARRANGEMENT, COMPOSITION, READJUSTMENT,
                                    LIQUIDATION, DISSOLUTION, OR SIMILAR RELIEF
                                    UNDER ANY PRESENT OR FUTURE FEDERAL OR STATE
                                    ACT OR LAW RELATING TO BANKRUPTCY,
                                    INSOLVENCY, OR RELIEF FOR DEBTORS, LENDERS
                                    SHALL THEREUPON BE ENTITLED TO RELIEF FROM
                                    ANY AUTOMATIC STAY IMPOSED BY SECTION 362 OF
                                    TITLE 11 OF THE U.S. CODE, AS AMENDED, OR
                                    OTHERWISE, ON OR AGAINST THE EXERCISE OF THE
                                    RIGHT AND REMEDIES OTHERWISE AVAILABLE TO
                                    LENDERS AS PROVIDED IN THE LOAN DOCUMENTS.

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         IN WITNESS WHEREOF, the undersigned have executed this First Amendment
as of the date first above written.

                                       PRINCESA PARTNERS

                                       By: Conami, Inc., its general partner

                                       By: /s/ Jerry L, Baum
                                          --------------------------------------
                                          Its President
                                          --------------------------------------

                                       By: Concorde Cruises, Inc., its general
                                       partner

                                       By: /s/ Jerry L. Baum
                                          --------------------------------------
                                          Its President
                                          --------------------------------------

                                       INTEGRA BANK, as successor to The
                                       National City Bank of Evansville, for
                                       itself and for FIRST NATIONAL BANK, LINN
                                       COUNTY BANK, UNITED PRAIRIE BANK -
                                       SLAYTON and PEOPLES NATIONAL BANK OF
                                       KEWANEE

                                       By: /s/ Christopher Tietz
                                          --------------------------------------
                                          Its Senior Vice President
                                          --------------------------------------

                                       5<PAGE>
                                                                    EXHIBIT 10.3

                          FIRST AMENDMENT TO GUARANTY,
                   SUBORDINATION AGREEMENT, SECURITY AGREEMENT
                                  AND INDEMNITY

         This First Amendment to Guaranty, Subordination Agreement, Security
Agreement and Indemnity is made and entered into this 1st day of December, 2001
by and among Concord Cruises, Inc. ("Cruises") as successor to Bayfront
Ventures, a Florida general partnership ("Bayfront"), and each of the lenders
listed in the signature block hereto (collectively, the "Lenders").

                                    RECITALS

         A. Bayfront executed a Guaranty, Subordination Agreement, Security
         Agreement and Indemnity Agreement in favor of the Lenders dated as of
         October 22, 1998 (the "Bayfront Agreement") in regard to a certain
         Credit Agreement as defined therein. All capitalized terms not
         otherwise defined herein shall have the meanings provided for in the
         Bayfront Agreement.

         B. On March 31, 2000, Bayfront was dissolved and liquidated by
         operation of law when Cruises became the sole partner and the Bayfront
         Agreement was assumed by Cruises as the successor of Bayfront. The
         dissolution and liquidation of Bayfront violated paragraph 19(a)(1) of
         the Bayfront Agreement.

         C. The Credit Agreement is in default and the Lenders have the night to
         proceed against the Borrower, Cruises and the other Guarantors of the
         Borrower's indebtedness under the Credit Agreement.

         D. The Borrower and the Lenders have entered into an Agreement dated
         the date hereof (the "Agreement") in which the Lenders agree to waive
         certain of the defaults, waive a portion of the default interest due as
         a result thereof and enter into certain amendments to the Credit
         Agreement and other documents including the Bayfront Agreement on
         certain terms and conditions stated therein, one of which is that
         Cruises enter into this Amendment.

         E. The Borrower and the Lenders have amended the Credit Agreement by a
         First Amendment thereto dated the date hereof (the "Amendment to the
         Credit Agreement") pursuant to the Agreement.

         F. Cruises and the Lenders desire to make certain conforming amendments
         to the Bayfront Agreement and Cruises desires to confirm its guaranty
         of the Credit Agreement as amended as set forth herein.

         NOW, THEREFORE, in consideration of the Recitals, the entrance into the
Agreement by the Lenders, and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties agree as
follows:

         1. Cruises acknowledges the accuracy of the Recitals, that the Credit
         Agreement is in default, that such default is material, that Cruises is
         in default under the Bayfront

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         Agreement in that Bayfront's dissolution violated paragraph 19(a)(1)
         thereof, under paragraph 19(m) for the periods ending September 30,
         2000, December 31, 2000, March 31, 2001, June 30, 2001, and September
         30, 2001, and under paragraph 19(f) because Bayfront and Cruises
         defaulted under Bayfront's Revolving Promissory Note dated January 18,
         2000 to Integra Bank, that the Lenders are entitled to exercise their
         remedies under the Bayfront Agreement and that Cruises has no claims,
         set-offs or defenses to action by the Lenders under the Bayfront
         Agreement to collect the Indebtedness from Cruises.

         2. Cruises hereby reaffirms its assumption of the obligations of
         Bayfront under the Bayfront Agreement including without limitation the
         guaranty of the Indebtedness as set forth in the Bayfront Agreement and
         affirms that such guaranty is unaffected by the Amendment to the Credit
         Agreement and by the Agreement and the failure of the Lenders to pursue
         remedies against the Borrower, Bayfront and the other Guarantors
         regarding the existing defaults under the Credit Agreement. The Lenders
         consent to the transfer of the Bayfront Agreement to Cruises and to
         Cruises' assumption of the obligations of Bayfront thereunder.

         3. Cruises acknowledges that the Lenders have demanded that all amounts
         required to be deposited pursuant to paragraph 16 of the Bayfront
         Agreement be deposited daily commencing on January 1, 2002 pursuant to
         said paragraph and Section 6.18 of the Credit Agreement as amended.
         Cruises agrees to make such deposits.

         4. The Bayfront Agreement is hereby amended as follows effective as of
         December 1, 2001:

                  a.       The term "Bayfront" shall mean Bayfront Ventures, a
                           Florida general partnership, prior to its dissolution
                           and thereafter Concorde Cruises, Inc.

                  b.       Paragraph 16 is amended by deleting therefrom the
                           words "during the continuance of an Event of
                           Default".

                  c.       Paragraph 19(m) is hereby deleted and the following
                           is substituted in its place:

                           (m) Achieve for each month a combined Debt Service
                           Coverage Ratio of no less than 1.0 to 1.0.

                  d.       The first sentence of paragraph 19(n) is hereby
                           amended to read as follows:

                           (n) At January 31, 2001 maintain a combined Tangible
                           Net Worth of $2,822,718 and at the end of each month
                           thereafter maintain a Tangible Net Worth equal to the
                           Tangible Net Worth requirement for the prior month
                           plus the greater of $1 or 10% of the combined net
                           income after taxes of the Borrower and Bayfront for
                           the current month.

                                       2
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                  e.       Paragraph 19(o) is hereby amended (i) by replacing
                           the words and letters "forty-five" (45) days" by the
                           words and letters "twenty (20) days", (ii) by
                           replacing the words "fiscal quarter" with the words
                           "calendar month", (iii) by replacing the word
                           "quarter" with the word "month" each place it
                           appears, and (iv) by adding the following sentence at
                           the end thereof: "On a weekly basis, Bayfront shall
                           e-mail Servicer the passenger counts for the previous
                           week's cruises."

                  f.       Paragraph 22 is hereby amended to change the name in
                           the address for notice to the Servicer to Integra
                           Bank from The National City Bank of Evansville and
                           the attention line for such notice to Christopher
                           Tietz.

                  g.       The following paragraph 35 is hereby added after
                           paragraph 34:

                           34. RELIEF FROM AUTOMATIC STAY. BAYFRONT HEREBY
                           AGREES THAT, IN THE EVENT BAYFRONT SHALL (i) FILE
                           WITH ANY BANKRUPTCY COURT OF COMPETENT JURISDICTION
                           OR BE THE SUBJECT OF ANY PETITION UNDER TITLE 11 OF
                           THE U.S. CODE, AS AMENDED, (ii) BE THE SUBJECT OF ANY
                           ORDER FOR RELIEF ISSUED UNDER SUCH TITLE 11 OF THE
                           U.S. CODE, AS AMENDED, (iii) FILE OR BE THE SUBJECT
                           OF ANY PETITION SEEKING ANY REORGANIZATION,
                           ARRANGEMENT, COMPOSITION, READJUSTMENT, LIQUIDATION,
                           DISSOLUTION, OR SIMILAR RELIEF UNDER ANY PRESENT OR
                           FUTURE FEDERAL OR STATE ACT OR LAW RELATING TO
                           BANKRUPTCY, INSOLVENCY, OR OTHER RELIEF FOR DEBTORS,
                           (iv) HAVE SOUGHT OR CONSENTED TO OR ACQUIESCED IN THE
                           APPOINTMENT OF ANY TRUSTEE, RECEIVER, CONSERVATOR, OR
                           LIQUIDATOR, (v) BE THE SUBJECT OF ANY ORDER,
                           JUDGEMENT, OR DECREE ENTERED BY ANY COURT OF
                           COMPETENT JURISDICTION APPROVING A PETITION FILED
                           AGAINST SUCH PARTY FOR ANY REORGANIZATION,
                           ARRANGEMENT, COMPOSITION, READJUSTMENT, LIQUIDATION,
                           DISSOLUTION, OR SIMILAR RELIEF UNDER ANY PRESENT OR
                           FUTURE FEDERAL OR STATE ACT OR LAW RELATING TO
                           BANKRUPTCY, INSOLVENCY, OR RELIEF FOR DEBTORS.
                           LENDERS SHALL THEREUPON BE ENTITLED TO RELIEF FROM
                           ANY AUTOMATIC STAY IMPOSED BY SECTION 362 OF TITLE 11
                           OF THE U.S. CODE, AS AMENDED, OR OTHERWISE, ON OR
                           AGAINST THE EXERCISE OF THE RIGHT AND REMEDIES
                           OTHERWISE AVAILABLE TO LENDERS AS PROVIDED IN THE
                           LOAN DOCUMENTS AND THE BAYFRONT AGREEMENT.

                                       3
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         IN WITNESS WHEREOF, the undersigned have executed this First Amendment
as of the date first above written.

                                       CONCORDE CRUISES, INC.

                                       By: /s/ Jerry L. Baum
                                          --------------------------------------
                                          Its President
                                          --------------------------------------

                                       INTEGRA BANK, as successor to The
                                       National City Bank of Evansville, for
                                       itself and for FIRST NATIONAL BANK, LINN
                                       COUNTY BANK, UNITED PRAIRIE BANK -
                                       SLAYTON and PEOPLES NATIONAL BANK OF
                                       KEWANEE

                                       By: /s/ Christopher Tietz
                                          --------------------------------------
                                          Its Senior Vice President
                                          --------------------------------------

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