Document:

Exhibit 10.1

    

      AMENDMENT
        NUMBER FIVE TO LOAN AND SECURITY AGREEMENT

       

      THIS
        AMENDMENT NUMBER FIVE TO LOAN AND SECURITY AGREEMENT (this
        “Amendment”),
        dated
        as of April 13, 2006, is entered into by and among THE
        MAJESTIC STAR CASINO, LLC,
        an
        Indiana limited liability company (“Parent”),
        and
        each of Parent’s Subsidiaries identified on the signature pages hereof (such
        Subsidiaries, together with Parent, are referred to hereinafter each
        individually as a “Borrower”,
        and
        individually and collectively, jointly and severally, as the “Borrowers”),
        each
        of the lenders that is a signatory to this Amendment, and WELLS
        FARGO FOOTHILL, INC.,
        a
        California corporation, as the arranger and administrative agent for the
        Lenders
        (in such capacity, together with its successors, if any, in such capacity,
        “Agent”;
        and
        together with each of the Lenders, individually and collectively, the
“Lender
        Group”),
        in
        light of the following:

       

      W
        I T N E S S E T H

       

      WHEREAS,
        each Borrower and the Lender Group are parties to that certain Loan and Security
        Agreement, dated as of October 7, 2003 (as amended, restated, supplemented,
        or
        modified from time to time, the “Loan
        Agreement”);

       

      WHEREAS,
        each Borrower has requested that the Lender Group agree to amend the Loan
        Agreement in accordance with the provisions of this Amendment; and

       

      WHEREAS,
        subject to the terms and conditions set forth in this Amendment, the Required
        Lenders are willing to so amend the Loan Agreement.

       

      NOW,
        THEREFORE, for good and valuable consideration, the receipt and sufficiency
        of
        which are hereby acknowledged, the parties agree to amend the Loan Agreement
        as
        follows:

       

      1.  DEFINITIONS.
        Capitalized terms used herein and not otherwise defined herein shall have
        the
        meanings ascribed to them in the Loan Agreement, as amended hereby.

       

      2.  AMENDMENTS
        TO LOAN AGREEMENT.
        

       

      (a)  Section
        1.1
        of the
        Loan Agreement is hereby amended by adding the words, “but excluding any
        interest expense of Holdings in respect of the Discount Notes,” at the end of
        clause (a) of the definition of “Consolidated Interest Expense”. 

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

      

       

      (b)  Section
        7.18(a)(ii)
        of the
        Loan Agreement is hereby amended by deleting the chart appearing therein
        and
        replacing it with the following chart:

       

      
        	
                 

                “Applicable
                  Ratio

                 

              	
                 

                Applicable
                  Period

                 

              
	
                 

                1.80:1.0

                 

              	
                 

                For
                  the 12 month period

                ending
                  March 31, 2006 

                 

              
	
                 

                1.85:1.0

                 

              	
                 

                For
                  the 12 month period 

                ending
                  June 30, 2006 and on the last day of each 

                fiscal
                  quarter of Borrowers thereafter”

                 

              

      

      

       

      3.  CONDITIONS
        PRECEDENT TO THIS AMENDMENT.
        The
        satisfaction of each of the following shall constitute conditions precedent
        to
        the effectiveness of this Amendment and each and every provision
        hereof:

       

      (a)  After
        giving effect to this Amendment, the representations and warranties in this
        Amendment, the Loan Agreement and the other Loan Documents shall be true
        and
        correct in all respects on and as of the date hereof, as though made on such
        date (except to the extent that such representations and warranties relate
        solely to an earlier date);

       

      (b)  Agent
        shall have received the reaffirmation and consent of each Guarantor and Limited
        Recourse Guarantor attached hereto as Exhibit
        A
        (the
“Consent”), duly executed and delivered by an authorized official of each
        Guarantor and of Limited Recourse Guarantor; 

       

      (c)  After
        giving effect to this Amendment, no Default or Event of Default shall have
        occurred and be continuing on the date hereof or as of the date of the
        effectiveness of this Amendment; and

       

      (d)  No
        injunction, writ, restraining order, or other order of any nature prohibiting,
        directly or indirectly, the consummation of the transactions contemplated
        herein
        shall have been issued and remain in force by any Governmental Authority
        against
        any Borrower, any Guarantor, Limited Recourse Guarantor, or any member of
        the
        Lender Group.

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      4.  REPRESENTATIONS
        AND WARRANTIES.
        Each
        Borrower hereby represents and warrants to the Lender Group as
        follows:

       

      (a)  After
        giving effect to this Amendment, the representations and warranties in this
        Amendment, the Loan Agreement and the other Loan Documents are true and correct
        in all respects on and as of the date hereof, as though made on such date
        (except to the extent that such representations and warranties relate solely
        to
        an earlier date);

       

      (b)  The
        execution, delivery, and performance of this Amendment and of the Loan
        Agreement, as amended by this Amendment, are within each Borrower’s corporate
        powers, have been duly authorized by all necessary corporate action, and
        are not
        in contravention of any law, rule, or regulation, or any order, judgment,
        decree, writ, injunction, or award of any arbitrator, court, or governmental
        authority, or of the terms of its charter or bylaws, or of any contract or
        undertaking to which it is a party or by which any of its properties may
        be
        bound or affected;

       

      (c)  This
        Amendment and the Loan Agreement, as amended by this Amendment, constitute
        each
        Borrower’s legal, valid, and binding obligation, enforceable against such
        Borrower in accordance with its terms; 

       

      (d)  This
        Amendment has been duly executed and delivered by each Borrower; 

       

      (e)  The
        execution, delivery, and performance of the Consent is within each Guarantor’s
        and Limited Recourse Guarantor’s corporate power, has been duly authorized by
        all necessary corporate action, and is not in contravention of any law, rule
        or
        regulation, or any order, judgment, decree, writ, injunction, or award of
        any
        arbitrator, court or governmental authority, or of the terms of its charter
        or
        bylaws, or of any contract or undertaking to which it is a party or by which
        any
        of its properties may be bound or affected; 

       

      (f)  The
        Consent constitutes each Guarantor’s and Limited Recourse Guarantor’s legal,
        valid, and binding obligations, enforceable against each such Person in
        accordance with its terms; 

       

      (g)  After
        giving effect to this Amendment, no Default or Event of Default has occurred
        and
        is continuing on the date hereof or as of the date of the effectiveness of
        this
        Amendment;

       

      (h)  No
        injunction, writ, restraining order, or other order of any nature prohibiting,
        directly or indirectly, the consummation of the transactions contemplated
        herein
        has been issued and remains in force by any Governmental Authority against
        Borrower, any Guarantor, Limited Recourse Guarantor, or any member of the
        Lender
        Group; and

       

      (i)  The
        Consent has been duly executed and delivered by each Guarantor and Limited
        Recourse Guarantor.

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      

       

      5.  CONSTRUCTION.
        THIS
        AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW
        OF THE
        STATE OF CALIFORNIA APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN THE
        STATE OF CALIFORNIA.

       

      6.  ENTIRE
        AMENDMENT; EFFECT OF AMENDMENT.
        This
        Amendment, and terms and provisions hereof, constitute the entire agreement
        among the parties pertaining to the subject matter hereof and supersedes
        any and
        all prior or contemporaneous amendments relating to the subject matter hereof.
        Except for the amendments to the Loan Agreement expressly set forth in
Section
        2
        hereof,
        the Loan Agreement and other Loan Documents shall remain unchanged and in
        full
        force and effect. The execution, delivery, and performance of this Amendment
        shall not operate as a waiver of or, except as expressly set forth herein,
        as an
        amendment of, any right, power, or remedy of the Lender Group as in effect
        prior
        to the date hereof. The amendments set forth herein are limited to the specifics
        hereof, shall not apply with respect to any facts or occurrences other than
        those on which the same are based, and except as expressly set forth herein,
        shall neither excuse any future non-compliance with the Loan Agreement, nor
        shall operate as a waiver of any Default or Event of Default. To the extent
        any
        terms or provisions of this Amendment conflict with those of the Loan Agreement
        or other Loan Documents, the terms and provisions of this Amendment shall
        control. This Amendment is a Loan Document.

       

      7.  COUNTERPARTS;
        TELEFACSIMILE EXECUTION.
        This
        Amendment may be executed in any number of counterparts, all of which taken
        together shall constitute one and the same instrument and any of the parties
        hereto may execute this Amendment by signing any such counterpart. Delivery
        of
        an executed counterpart of this Amendment by telefacsimile shall be equally
        as
        effective as delivery of an original executed counterpart of this Amendment.
        Any
        party delivering an executed counterpart of this Amendment by telefacsimile
        also
        shall deliver an original executed counterpart of this Amendment, but the
        failure to deliver an original executed counterpart shall not affect the
        validity, enforceability, and binding effect of this Amendment.

       

      8.  MISCELLANEOUS.

       

      (a)  Upon
        the
        effectiveness of this Amendment, each reference in the Loan Agreement to
“this
        Agreement”, “hereunder”, “herein”, “hereof” or words of like import referring to
        the Loan Agreement shall mean and refer to the Loan Agreement as amended
        by this
        Amendment.

       

      (b)  Upon
        the
        effectiveness of this Amendment, each reference in the Loan Documents to
        the
“Loan Agreement”, “thereunder”, “therein”, “thereof” or words of like import
        referring to the Loan Agreement shall mean and refer to the Loan Agreement
        as
        amended by this Amendment.

       

      [signature
        page follows] 

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the parties have caused this Amendment to be executed and
        delivered as of the date first written above.

       

      

        

          
            	 	
                    THE
                      MAJESTIC STAR CASINO, LLC 

                    an
                      Indiana limited liability company

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    /s/
                      Jon S. Bennett

                  	 
	 	
                    Title:

                  	
                    Vice
                      President and Chief Financial Officer

                  	 
	 	 	 
	 	 	 
	 	
                    THE
                      MAJESTIC STAR CASINO II, INC., 

                  	 
	 	
                    an
                      Indiana corporation

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    /s/
                      Jon S. Bennett

                  	 
	 	
                    Name:

                  	
                    Jon
                      S. Bennett

                  	 
	 	
                    Title:

                  	
                    Vice
                      President and Chief Financial Officer

                  	 
	 	 	 
	 	 	 
	 	
                    BARDEN
                      MISSISSIPPI GAMING, LLC

                    a
                      Mississippi limited liability company

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    /s/
                      Jon S. Bennett

                  	 
	 	
                    Title:

                  	
                    Vice
                      President and Chief Financial Officer

                  	 
	 	 	 
	 	 	 
	 	
                    BARDEN
                      COLORADO GAMING, LLC

                    a
                      Colorado limited liability company

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    /s/
                      Jon S. Bennett

                  	 
	 	
                    Title:

                  	
                    Vice
                      President and Chief Financial Officer

                  	 

          

        

      

       

       

      

      
        
          
          

        

        
          S-1

          
            

          

        

        
          
          

        

      

      

      

      

        

          
            	 	
                    WELLS
                      FARGO FOOTHILL, INC.

                  	 
	 	
                    as
                      Agent and as a Lender

                  	 
	 	 	 	 
	 	
                    By:

                  	 /s/
                    John Leonard	 
	 	
                    Title:

                  	 Vice
                    President	 
	 	 	 	 
	 	 	 	 
	 	
                    GENERAL
                      ELECTRIC CAPITAL CORPORATION,

                  	 
	 	
                    as
                      a Lender

                  	 
	 	 	 	 
	 	
                    By:

                  	 /s/
                    Bond Harberts    	 
	 	
                    Title:

                  	 Dually
                    Authorized Signatory	 

          

        

      

      

      

      

      

      

      

      

      
        
          
          

        

        
          S-2

          
            

          

        

        
          
          

        

      

      Exhibit
        A

       

      REAFFIRMATION
        AND CONSENT

       

      All
        capitalized terms used herein but not otherwise defined herein shall have
        the
        meanings ascribed to them in that certain Loan and Security Agreement by
        and
        among THE
        MAJESTIC STAR CASINO, LLC,
        an
        Indiana limited liability company (“MSC”), and each of MSC’s Subsidiaries
        identified on the signature pages thereof (such Subsidiaries, together with
        MSC,
        are referred to hereinafter each individually as a “Borrower”, and individually
        and collectively, jointly and severally, as the “Borrowers”), each of the
        lenders that is from time to time a party thereto (together with their
        respective successors and permitted assigns, individually, “Lender” and,
        collectively, “Lenders”), and WELLS
        FARGO FOOTHILL, INC.,
        a
        California corporation, as the arranger and administrative agent for the
        Lenders
        (in such capacity, together with its successors, if any, in such capacity,
        “Agent”; and together with each of the Lenders, individually and collectively
        the “Lender Group”), dated as of October 7, 2003 (as amended, restated,
        supplemented or otherwise modified, the “Loan Agreement”), or in Amendment
        Number Five to Loan and Security Agreement, dated as of April 13, 2006 (the
        “Amendment”), among the Borrowers and the Lender Group. The undersigned each
        hereby (a) represent and warrant to the Lender Group that the execution,
        delivery, and performance of this Reaffirmation and Consent are within its
        powers, have been duly authorized by all necessary action, and are not in
        contravention of any law, rule, or regulation, or any order, judgment, decree,
        writ, injunction, or award of any arbitrator, court, or governmental authority,
        or of the terms of its charter or bylaws, or of any contract or undertaking
        to
        which it is a party or by which any of its properties may be bound or affected;
        (b) consents to the amendment of the Loan Agreement by the Amendment; (c)
        acknowledges and reaffirms its obligations owing to the Lender Group under
        any
        Loan Documents to which it is a party; and (d) agrees that each of the Loan
        Documents to which it is a party is and shall remain in full force and effect.
        Although the undersigned has been informed of the matters set forth herein
        and
        has acknowledged and agreed to same, it understands that the Lender Group
        has no
        obligations to inform it of such matters in the future or to seek its
        acknowledgment or agreement to future amendments, and nothing herein shall
        create such a duty. Delivery of an executed counterpart of this Reaffirmation
        and Consent by telefacsimile shall be equally as effective as delivery of
        an
        original executed counterpart of this Reaffirmation and Consent. Any party
        delivering an executed counterpart of this Reaffirmation and Consent by
        telefacsimile also shall deliver an original executed counterpart of this
        Reaffirmation and Consent but the failure to deliver an original executed
        counterpart shall not affect the validity, enforceability, and binding effect
        of
        this Reaffirmation and Consent. This Reaffirmation and Consent shall be governed
        by the laws of the State of California.

       

      [signature
        page follows]

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the undersigned have each caused this Reaffirmation and
        Consent
        to be executed as of the date of the Amendment.

       

      

        
          	 	
                  MAJESTIC
                    HOLDCO, LLC,
                    

                  an
                    Indiana limited liability company

                
	 	 	 	 
	 	
                  By:

                	
                  /s/
                    Jon S. Bennett

                	 
	 	
                  Name:

                	
                  Jon
                    S. Bennett

                	 
	 	
                  Title:

                	
                  Vice
                    President and Chief Financial Officer

                	 
	 	 	 	 
	 	 	 	 
	 	
                  BUFFINGTON
                    HARBOR PARKING ASSOCIATES,
                    LLC, 

                  a
                    Delaware limited liability company

                
	 	 	 	 
	 	 	 	 
	 	
                  By:

                	
                  /s/
                    Jon S. Bennett

                	 
	 	
                  Name:

                	
                  Jon
                    S. Bennett

                	 
	 	
                  Title:

                	
                  Vice
                    President and Chief Financial Officer

                	 
	 	 	 	 
	 	 	 	 
	 	
                  BUFFINGTON
                    HARBOR RIVERBOATS, LLC,

                  a
                    Delaware limited liability company

                
	 	 	 	 
	 	 	 	 
	 	
                  By

                	
                  /s/
                    Jon S. Bennett

                	 
	 	
                  Name:

                	
                  Jon
                    S. Bennett

                	 
	 	
                  Title:

                	
                  Vice
                    President and Chief Financial OfficerExhibit 4.6

    EXHIBIT
      4.6

       

       

      FIRST
        AMENDMENT TO INTERCREDITOR AND LIEN SUBORDINATION AGREEMENT

       

      

      

      THIS
        FIRST AMENDMENT TO INTERCREDITOR AND LIEN SUBORDINATION AGREEMENT dated as
        of
        December 21, 2005 (this “Amendment
        Agreement”)
        is
        made by and among WELLS FARGO FOOTHILL, INC., as the arranger and administrative
        agent for certain lenders (the “Original
        Agent”)
        under
        and pursuant to the Loan Agreement (as hereinafter defined), THE BANK OF
        NEW
        YORK TRUST COMPANY, N.A., as successor to The Bank of New York, solely in
        its
        capacity as trustee under the Indenture Loan Documents (as hereinafter defined)
        (in such capacity, the “Trustee”),
        THE
        MAJESTIC STAR CASINO, LLC, an Indiana limited liability company (“Parent”),
        and
        those certain affiliates of Parent party hereto (each a “Debtor”,
        and
        individually and collectively and jointly and severally, the “Debtors”).
        Each
        capitalized term used in this Amendment Agreement and not defined here has
        the
        meaning given to it in the Intercreditor Agreement (as hereinafter
        defined).

      

      RECITALS

      

      A. Parent,
        The Majestic Star Casino Capital Corp., an Indiana corporation (together
        with
        Parent, the “Issuers”),
        the
        subsidiary guarantors identified on the signature pages thereto, and the
        Trustee
        entered into an Indenture, dated as of October 7, 2003 (the “Indenture”),
        pursuant to which the Issuers and subsidiary guarantors incurred on such
        date
        indebtedness for the Notes in an aggregate principal amount at maturity of
        $260,000,000.

      

      B. The
        Indenture was supplemented with two Supplemental Indentures each dated December
        21, 2005 adding new Indenture Guarantors and providing for the Issuers and
        Indenture Guarantors to incur additional indebtedness such that the total
        indebtedness incurred for the Notes is now an aggregate principal amount
        at
        maturity of $300,000,000 (the Indenture, as supplemented, to be hereinafter
        the
“Indenture”).

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

      

      C. The
        repayment of the Indenture Secured Obligations (as hereinafter defined) is
        secured by security interests in and liens on the assets and properties
        described in the Pledge and Security Agreement dated October 7, 2003, as
        joined
        and supplemented pursuant to the Pledge Supplement and Pledge Joinder, each
        dated as of the date hereof (the “Indenture
        Security Agreement”),
        made
        by the Issuers and the Indenture Guarantors in favor of the Trustee for the
        benefit of the Trustee and the Noteholders, the Pledge Agreement, dated as
        of
        the date hereof (as amended, supplemented, or otherwise modified from time
        to
        time in accordance with the terms of this Agreement, the “Indenture
        Pledge Agreement”),
        made
        by Majestic Holdco, LLC, an Indiana limited liability company, in favor of
        the
        Trustee for the benefit of the Trustee and the Noteholders, the Trademark
        Security Agreement, dated October 7, 2003, and as amended as of the date
        hereof
        (and as it may be further amended, supplemented, or otherwise modified from
        time
        to time in accordance with the terms of this Agreement, the Indenture
        Trademark Security Agreement”),
        made
        by the Issuers and the Indenture Guarantors in favor of the Trustee for the
        benefit of the Trustee and the Noteholders, certain preferred ship mortgages
        (made as of the date hereof and from time to time hereafter, in each case
        by
        either of the Issuers or one or more if the Indenture Guarantors, as applicable,
        in favor of the Trustee for the benefit of the Trustee and the Noteholders
        (as
        amended, supplemented, or otherwise modified from time to time in accordance
        with the terms of this Agreement, each, a “Ship
        Mortgage”),
        and
        certain real property mortgages (made as of the date hereof and from time
        to
        time hereafter, in each case by either or the Issuers or one or more of the
        Indenture Guarantors, as applicable, in favor of the Trustee for the benefit
        of
        the Trustee and the Noteholders (as amended, supplemented, or otherwise modified
        from time to time in accordance with the terms of this Agreement, each a
        “Mortgage”
and,
        together with the Indenture, the Indenture Security Agreement, the Indenture
        Pledge Agreement, the Indenture Trademark Security Agreement, the Ship
        Mortgages, and any other agreements, instruments or other documents that
        evidence the lien of the Trustee in the Collateral (as defined below) executed
        and delivered in connection therewith, in each case as amended, supplemented,
        or
        otherwise modified from time to time as amended, supplemented, or otherwise
        modified from time to time in accordance with the terms of this Agreement,
        the
“Indenture
        Agreements”).

      

      D. Parent,
        Barden Mississippi Gaming, LLC, a Mississippi limited liability company,
        and
        Barden Colorado Gaming, LLC, a Colorado limited liability company, Original
        Agent, and the lenders a party thereto (the “Original
        Lenders”)
        entered into a Loan and Security Agreement, dated as of October 7, 2003 (the
        “Original
        Loan Agreement”),
        pursuant to which the Original Agent and the Original Lenders agreed, upon
        the
        terms and condition stated therein, to make certain loans and advances up
        to the
        principal amount of $80,000,000.

      

      E. On
        the
        date hereof, Majestic Star Casino II, Inc., a Delaware corporation, was joined
        as a borrower under the Original Loan Agreement, and Majestic Star Casino
        II,
        Inc, Parent, Barden Mississippi Gaming, LLC, Barden Colorado Gaming, LLC
        (collectively the “Borrowers”),
        Original Agent and Original Lenders agreed to Amendment Number Four to the
        Loan
        and Security Agreement (the Original Loan Agreement, as amended and joined,
        to
        be hereinafter the “Original
        Loan Agreement”).

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      

      F. The
        Borrowers, the Lender Guarantors (as hereinafter defined) ) and the Original
        Agent entered into those certain guaranties, guarantor security agreements,
        control agreements, stock pledge agreements, preferred ship mortgages, trademark
        security agreements, and mortgages, each as amended or joined as mutually
        agreed
        to in order to include the Lender Guarantor, and to release BDI from all
        of its
        pledge and guaranty obligations thereunder (the “Security
        Documents,”
and
        together with the Original Loan Agreement, the “Original
        Loan Documents”).

      

      G. Parent,
        the Debtors a party thereto, Trustee and Original Agent are parties to that
        certain Intercreditor and Lien Subordination Agreement dated as of October
        7,
        2003 (as amended, restated, supplemented or otherwise modified from time
        to
        time, the “Intercreditor
        Agreement”).

      

      H. Parent
        and the Debtors have requested that Trustee and Original Agent amend the
        Intercreditor Agreement as set forth herein.

       

      I. Trustee
        and Original Agent are willing to provide the amendment requested by Parent
        and
        Debtors subject to the terms and conditions set forth herein.

       

      NOW,
        THEREFORE, for good and valuable consideration, the receipt and sufficiency
        of
        which are hereby acknowledged, the parties agree to amend the Intercreditor
        Agreement as follows:

      

      1.
        Defined
        Terms in Recitals.
        Each of
        the terms defined in the Recitals to this Amendment Agreement which are also
        defined in the Recitals to the Intercreditor Agreement shall have the meaning
        given to them in the Recitals to this Amendment Agreement for all purposes
        under
        and interpretations of the Intercreditor Agreement.

       

      2.
        Amendments
        to Definitions.
        The
        following definitions in Section 1.03 are hereby amended and restated as
        follows:

      

      “Indenture
        Guarantors”
means
        Majestic Investor, LLC, Majestic Investor Holdings, LLC, Majestic Investor
        Capital Corp., Barden Mississippi Gaming, LLC, Barden Colorado Gaming, LLC,
        Majestic Star Casino II, Inc., Majestic Star Casino Capital Corp. II, Buffington
        Harbor Parking Associates, LLC, and Buffington Harbor Riverboats,
        L.L.C.

      

      “Lender
        Guarantors”
means
        Majestic Holdco, LLC, Majestic Investor, LLC, Majestic Investor Holdings,
        LLC,
        Majestic Investor Capital Corp., Buffington Harbor Parking Associates, LLC,
        and
        Buffington Harbor Riverboats, L.L.C.”

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      

      3.
        Amendment
        of Section 5.02(d).
        Section
        5.02(d) is hereby amended by restating Section 5.02(d) in its entirety with
        the
        following:

      

      “(d)
        Notwithstanding anything to the contrary herein, in no event shall Indebtedness
        represented by any notes issued pursuant to the Indenture, including any
        Notes
        (or represented by any other evidence of indebtedness for borrowed money
        under
        the Notes or the Indenture) at any time exceed an aggregate principal amount
        equal to $330,000,000.”

      

      4. Representations.
        The
        Original Agent represents and warrants to the Trustee that it has the requisite
        power and authority under the Original Loan Agreement to enter into, execute,
        deliver, and carry out the terms of this Amendment Agreement, for and on
        behalf
        of itself and the Lenders. The Trustee represents and warrants that it has
        the
        requisite power and authority under the Indenture to enter into, execute,
        deliver, and carry out the terms of this Agreement on behalf of itself and
        the
        Noteholders.

      

      5. Governing
        Law.
        This
        Agreement shall be governed by, and construed in accordance with, the laws
        of
        the State of New York except as otherwise preempted by applicable federal
        law.

      

      6. Acknowledgment.
        Each
        Debtor hereby acknowledges that it has received a copy of this Amendment
        Agreement and consents thereto, and agrees to recognize all rights granted
        thereby to the Agent and the Trustee and will not do any act or perform any
        obligation which is not in accordance with the agreements set forth in this
        Amendment Agreement. Each Debtor further acknowledges and agrees that it
        is not
        an intended beneficiary or third party beneficiary.

      

      7. Counterparts.
        This
        Amendment Agreement maybe executed in any number of counterparts, and it
        is not
        necessary that the signatures of all Parties be contained on any one counterpart
        hereof, each counterpart will be deemed to be an original, and all together
        shall constitute one and the same document.

      

      8. Effect
        of Amendment.
        This
        Amendment Agreement, and terms and provisions hereof, constitute the entire
        agreement among the parties pertaining to the subject matter hereof and
        supersedes any and all prior or contemporaneous amendments relating to the
        subject matter hereof. Except for the amendments to the Intercreditor Agreement
        expressly set forth in Section 1
        hereof,
        the Intercreditor Agreement shall remain unchanged and in full force and
        effect.
        Except as expressly set forth herein, the execution, delivery, and performance
        of this Amendment Agreement shall not operate as a waiver of or as an amendment
        of any right, power, or remedy of the Trustee or Original Agent as in effect
        prior to the date hereof. The amendment set forth herein is limited to the
        specifics hereof. To the extent any terms or provisions of this Amendment
        Agreement conflict with those of the Intercreditor Agreement, the terms and
        provisions of this Amendment Agreement shall control.

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the Original Agent, the Trustee, and each Debtor has caused
        this First Amendment to Intercreditor and Lien Subordination Agreement to
        be
        duly executed and delivered as of the date first above written.

      

       

      
        	
                ORIGINAL
                  AGENT:

              	
                WELLS
                  FARGO FOOTHILL, INC. 

                a
                  California corporation,

                solely
                  in its capacity as Agent (and not individually)

                 

                
                  By:
                    _____________________________

                  Name:
                    ___________________________

                  Title:
                    ____________________________

                

              

      

       

      
        	
                TRUSTEE:

              	
                THE
                  BANK OF NEW YORK TRUST COMPANY, N.A.,

                solely
                  in its capacity as Trustee (and not individually)

                 

                
                  By:
                    _____________________________

                  Name:
                    ___________________________

                  Title:
                    ____________________________

                

              

      

      

      
        	
                DEBTORS:

              	
                THE
                  MAJESTIC STAR CASINO, LLC, 

                an
                  Indiana limited liability company

                 

                
                  By:
                    _____________________________

                  Name:
                    ___________________________

                  Title:
                    ____________________________

                

              

      

       

      
        	 	
                BARDEN
                  MISSISSIPPI GAMING, LLC, 

                a
                  Mississippi limited liability company

                 

                
                  By:
                    _____________________________

                  Name:
                    ___________________________

                  Title:
                    ____________________________

                

              

      

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      

      
        	 	
                BARDEN
                  COLORADO GAMING, LLC,
                  

                a
                  Colorado limited liability company

                 

                
                  By:
                    _____________________________

                  Name:
                    ___________________________

                  Title:
                    ____________________________

                

              
	 	 
	 	
                THE
                  MAJESTIC STAR CASINO CAPITAL CORP., 

                an
                  Indiana corporation

                 

                
                  By:
                    _____________________________

                  Name:
                    ___________________________

                  Title:
                    ____________________________

                

                 

              
	 	
                MAJESTIC
                  INVESTOR, LLC, 

                a
                  Delaware limited liability company

                 

                By:
                  _____________________________

                Name:
                  ___________________________

                Title:
                  ____________________________

                 

              
	 	
                MAJESTIC
                  INVESTOR HOLDINGS, LLC, 

                a
                  Delaware limited liability company

                 

                By:
                  _____________________________

                Name:
                  ___________________________

                Title:
                  ____________________________

                 

              

      

      

      

      

      

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      

      
        	 	
                MAJESTIC
                  INVESTOR CAPITAL CORP., 

                a
                  Delaware corporation

                 

                By:
                  _____________________________

                Name:
                  ___________________________

                Title:
                  ____________________________

                 

                 

                MAJESTIC
                  STAR CASINO II, INC.,

                a
                  Delaware corporation

                 

                By:
                  _____________________________

                Name:
                  ___________________________

                Title:
                  ____________________________

                 

                 

                MAJESTIC
                  STAR HOLDCO, LLC

                an
                  Indiana limited liability company

                 

                By:
                  _____________________________

                Name:
                  ___________________________

                Title:
                  ____________________________

                 

                 

              
	 	 

      

      

      

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      
        	 	
                BUFFINGTON
                  HARBOR PARKING ASSOCIATES, LLC,

                a
                  Delaware limited liability company

                 

                By:
                  _____________________________

                Name:
                  ___________________________

                Title:
                  ____________________________

                 

                 

                BUFFINGTON
                  HARBOR RIVERBOATS, L.L.C., 

                a
                  Delaware limited liability company

                 

                By:
                  _____________________________

                Name:
                  ___________________________

                Title:
                  ____________________________

                 

                 

                MAJESTIC
                  STAR CASINO CAPITAL CORP. II, 

                an
                  Indiana corporation

                 

                By:
                  _____________________________

                Name:
                  ___________________________

                Title:
                  ____________________________

                 

                 

              
	 	 

      

      
        

      

      8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}]]