Document:

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                                                                    EXHIBIT 10.2

                        SETTLEMENT AND RELEASE AGREEMENT

        This Settlement and Release Agreement (this "Agreement") is hereby
entered into by and between G. Fritz Opel, an individual (the "Executive"), and
Venture Catalyst Incorporated, formerly known as Inland Entertainment
Corporation, a Utah corporation (the "Company").

                                    RECITALS

        WHEREAS, the Executive has been employed by the Company on an at-will
basis since May 1, 1995, most recently serving as Executive Vice President and a
Director of the Company; and

        WHEREAS, the Executive and the Company have determined that it is in
their mutual best interests that the Executive resign from his positions as
Executive Vice President and a Director of the Company, and all other positions
that he holds with the Company and any other subsidiary or related entity of the
Company.

                                    AGREEMENT

        NOW, THEREFORE, in consideration of the mutual promises contained herein
and for other good and valuable consideration, the receipt and adequacy of which
are hereby acknowledged, the parties hereby agree as follows:

1.             Unconditional Resignation. The Executive hereby voluntarily,
unconditionally and irrevocably resigns as an employee, an officer and a
director (including a member of any committees of the Board of Directors) of the
Company and any other subsidiary or related entity of the Company, effective as
of February 25, 2000 (the "Resignation Date"). The Company hereby accepts such
resignation and the Executive is relieved of all duties effective as of the
Resignation Date. Concurrently with the execution of this Agreement, the
Executive shall execute a separate letter of resignation in a form acceptable to
the Company.

2.             Compensation, Expenses, Vacation Pay and Other Benefits Through
the Resignation Date. The Executive acknowledges and agrees that the Company has
paid the Executive his current base salary through the Resignation Date and the
Executive does not have any accrued or unused vacation pay earned through the
Resignation Date. The Executive acknowledges and agrees that the payment of the
foregoing salary through the Resignation Date constitutes full payment of any
and all monies (including, but not limited to, any bonus amounts) that he earned
or that is owed to him during his employment by the Company through the
Resignation Date.

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3.             Company Property. With the exception of the computer equipment
referenced in Section 6(b) herein, on the Resignation Date, the Executive shall
return to the Company all property of the Company in the Executive's possession.
In addition, (i) by no later than March 1, 2000, the Executive shall relinquish
his membership in the Del Mar Country Club, and (ii) the Executive's
automobile-related benefits shall be discontinued as of the Resignation Date.

4.             COBRA Benefits. The Executive (or any of his eligible dependents)
may elect to continue to participate in any of the Company's group health
insurance plans pursuant to COBRA, 29 U.S.C. Section 1161, et seq. Nothing in
this Agreement is intended to alter the terms of COBRA in any way and those
terms shall remain applicable in all respects.

5.             Continuation of Benefits After the Resignation Date. Except as
expressly provided in this Agreement or in the plan documents governing the
Company's employee benefit plans, as of the Resignation Date, the Executive will
no longer be eligible for, receive, accrue, or participate in any other benefits
or benefit plans provided by the Company, including, without limitation,
medical, dental and life insurance benefits, a car allowance and the Company's
401(k) retirement plan; provided, however, that health care coverage for the
Executive and the Executive's dependents may be continued under COBRA for as
long as the Executive is eligible for such coverage and so long as the Executive
pays the required premiums.

6.             Severance Benefits After the Resignation Date. Notwithstanding
his voluntary resignation, the Company shall provide, as severance benefits, the
following benefits to the Executive after the expiration of the date that the
period of revocation under Section 11(c) of this Agreement has lapsed without
exercise and after the Executive's spouse executes the Spousal Consent in the
form presented to the Executive by the Company (the "Settlement Date").

(a)               Health Insurance Premiums. If the Executive (or any of his
eligible dependents) elects to continue to participate in any of the Company's
group health insurance plans pursuant to COBRA, 29 U.S.C. Section 1161, et seq.,
the Company shall reimburse the Executive, following the Settlement Date, for
the premiums paid by the Executive for such COBRA coverage commencing on the
Resignation Date through April 30, 2000.

(b)               Computer Equipment. The Company shall allow the Executive to
continue to use, at the Executive's home, the computer equipment consisting of a
Compaq computer system and a Hewlett-Packard printer.

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(c)               Option Agreements Amendments. Each stock option agreement
heretofore granted to the Executive under the Company's stock-based compensation
plans shall, to the extent legally permissible, be amended to provide (i) that
the options granted thereunder shall continue to be exercisable and shall
continue to vest according to the vesting schedules set forth therein as though
the Executive was still employed by the Company during the time that the
Executive is performing consulting services for the Company pursuant to the
Consulting Agreement (as defined herein), and (ii) for a period to exercise all
vested options (including options which will have vested on or before the
termination of the Executive's engagement as a consultant to the Company) until
and including three months after the termination of the Consulting Agreement.

        The payments and benefits set forth in this Section 6 are, from and
after the Settlement Date, the Executive's only right to compensation from the
Company and any of its parents, direct or indirect subsidiaries, divisions or
related entities (collectively referred to herein as the "Company and its
Related Entities").

7.             Consulting Agreement. The Company and the Executive shall enter
into a consulting agreement dated as of the date hereof (the "Consulting
Agreement"), whereby the Company shall retain the Executive as a consultant upon
the terms and conditions set forth therein.

8.             General Release by the Executive. The Executive, for himself and
his heirs, executors, administrators, assigns, affiliates, successors and agents
(collectively, the "Executive's Affiliates") hereby fully and without limitation
releases and forever discharges the Company and its Related Entities and its and
their agents, representatives, shareholders, owners, officers, directors,
employees, consultants, attorneys, auditors, accountants, investigators,
affiliates, successors and assigns (collectively with the Company, the
"Releasees"), both individually and collectively, from any and all rights,
claims, demands, liabilities, actions, causes of action, damages, losses, costs,
expenses and compensation, of whatever nature whatsoever, known or unknown,
fixed or contingent ("Claims"), which the Executive or any of the Executive's
Affiliates has or may have or may claim to have against the Releasees by reason
of any matter, cause, or thing whatsoever, from the beginning of time to the
date hereof, including, without limiting the generality of the foregoing, any
Claims arising out of, based upon, or relating to the recruitment, hire,
employment, relocation, remuneration, investigation, or termination of the
Executive by any of the Releasees, the Executive's tenure as a Director of any
of the Releasees, any agreement or compensation arrangement between the
Executive and any of the Releasees, or any act or occurrence in connection with
any actual, existing, proposed, prospective or claimed ownership interest of any
nature of the Executive or the Executive's affiliates in equity capital or
rights in equity capital or other securities of any of the Releasees to the
maximum extent permitted by law.

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        The Executive specifically and expressly releases any Claims arising out
of or based on the California Fair Employment and Housing Act, as amended; Title
VII of the Civil Rights Act of 1964, as amended; the Americans With Disabilities
Act; the National Labor Relations Act, as amended; the Equal Pay Act; ERISA; any
provision of the California Labor Code; California common law of fraud,
misrepresentation, negligence, defamation, infliction of emotional distress, any
breach of contract or covenant claim, any tort claim, any violation of public
policy or wrongful termination; state or Federal wage and hour laws; or any
other state or Federal law, rule, or regulation dealing with the employment
relationship.

        The Executive is aware of California Civil Code Section 1542, which
provides as follows:

        A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT
        KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE
        RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS
        SETTLEMENT WITH THE DEBTOR.

With full awareness and understanding of the above provision, the Executive
hereby waives any rights he may have under California Civil Code Section 1542.

9.             Release of Federal Age Discrimination Claims by the Executive.
The Executive hereby knowingly and voluntarily waives and releases all rights
and claims, known or unknown, arising under the Age Discrimination In Employment
Act of 1967, as amended, which he might otherwise have had against the Company
or any of the Releasees regarding any actions which occurred prior to the
effective date of this Agreement.

10.            Breach of Release. The Executive agrees that if he hereafter
commences, joins in, or in any manner seeks relief through any suit arising out
of, based upon, or relating to any of the Claims released by the Executive
hereunder, or in any manner asserts against any of the Releasees any of the
Claims released by the Executive hereunder, the Executive shall pay to such
Releasee(s), as the case may be, in addition to any other damages caused to such
Releasee, as the case may be, all attorneys' fees incurred in defending or
otherwise responding to said suit or claim.

11.            Rights Under the Older Workers Benefit Protection Act. In
accordance with the Older Workers Benefit Protection Act of 1990, the Executive
is aware of the following:

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(a)               The Executive has the right to consult with an attorney before
signing this Agreement and is hereby advised by the Company to do so;

(b)               The Executive has twenty-one (21) days from February 25, 2000,
to consider this Agreement; and

(c)               The Executive has seven (7) days after signing this Agreement
to revoke Sections 6 and 9 of this Agreement (which must be revoked in their
entirety and as a group), and such Sections of this Agreement (as a group) will
not be effective until that revocation period has expired without exercise. The
Executive agrees that in order to exercise his right to revoke this Agreement
within such seven (7) day period, he must do so in a signed writing delivered to
the Company's Chief Executive Officer before the close of business on the
seventh calendar day after the Resignation Date. If the Executive does not
revoke the above-referenced Sections of this Agreement, the General Releases set
forth in Section 8 herein shall have as their new effective date the date that
the period of revocation under Section 11(c) of this Agreement has lapsed.

12.            Confidentiality of Agreement. The Executive acknowledges that
this Agreement and certain related agreements may have to be disclosed in the
Company's reports filed with the U.S. Securities and Exchange Commission. Except
as may be required by law, neither the Executive, his attorney, nor any person
acting by, through, under or in concert with them, shall disclose any of the
terms of or facts relating to this Agreement (other than to state that the
Company has filed this Agreement and/or agreements related thereto as public
documents) or the negotiation thereof to any individual or entity, except for
disclosures made among the Executive, his attorney, spouse, children or tax
advisors. The Executive further agrees that under no circumstances will he
induce, encourage, solicit or assist any other person or entity to file or
pursue any proceeding of any kind against the Releasees.

13.            Proprietary Information. The Executive acknowledges that certain
information, observations, and data obtained by him during the course of or
related to his employment with the Company and its Related Entities (including,
without limitation, certain financial information, shareholder information,
product design information, business plans, marketing plans or proposals,
personnel information, customer lists and other customer information) are the
sole property of the Company and its Related Entities and constitute trade
secrets of the Company and its Related Entities. The Executive agrees to
promptly return all files, customer lists, financial information and other
property of the Company and its Related Entities that are in the Executive's
possession or control without making copies thereof. The Executive further
agrees that he will not disclose to any person or use any such information,
observations or data without the written consent of the Company's Board of
Directors. If the Executive is served with a deposition subpoena or other legal
process calling for the disclosure of such information, or if he is contacted by
any third person requesting such information, he will immediately notify the

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Company's Chief Financial Officer and will fully cooperate with the Company in
minimizing the disclosure thereof.

14.            Unfair Competition. In addition to the provisions under the
Consulting Agreement in its form on this February 25, 2000 or as amended and
restated:

(a)               The Executive agrees not to (whether as an employee, director,
owner, stockholder, consultant, limited or general partner, or otherwise), for
himself or for any other person or entity, engage in any unfair competition with
the Company and its Related Entities.

(b)               The Executive also covenants and agrees not to intentionally
interfere with, disrupt, or attempt to disrupt, the relationship, contractual or
otherwise, between the Company, any of its Related Entities and any of its/their
customers, employees or suppliers, including, but not limited to, the Barona
Group of Capitan Grande Band of Mission Indians, the Barona Casino and any of
the Company's current or past Indian gaming clients, as of the Resignation Date.
In addition, and notwithstanding anything to the contrary herein, the Executive
also covenants and agrees that his association with any Indian gaming operation,
enterprise or business, including, but not limited to, providing of consulting
services thereto, are expressly subject to the terms and conditions of the
Consulting Agreement.

(c)               The Company and the Executive agree that neither this
Agreement nor the Consulting Agreement shall be interpreted or construed to
alter or effect in any material manner the contractual relationship among the
Company, the Barona Group of Capitan Grande Band of Mission Indians and the
Barona Casino.

(d)               The Executive acknowledges that any unfair competition or
unauthorized use of trade secret or proprietary information belonging to the
Company and its Related Entities, or any violation of Sections 12 through 14 of
this Agreement, will result in irreparable harm to the Company and/or its
Related Entities and will give rise to an immediate action by the Company and
its Related Entities for injunctive relief.

15.            Cooperation Clause.

(a)               The Executive agrees to cooperate with the Company and its
Related Entities and its or their counsel (i) in any investigations (including
internal investigations) and audits of the Company's or any of its Related
Entities' management's current and past conduct and business and accounting
practices and (ii) in the Company's defense of, or other participation in, any
administrative, judicial, or other proceeding arising from any charge, complaint
or other action which has been or may be filed relating to the period during
which the Executive was engaged in employment with the Company and/or its
Related Entities. Except as required by law or authorized in advance by the
Company's Board of Directors, the Executive will not communicate, directly or

<PAGE>   7
indirectly, with any third party concerning the management or governance of the
Company and/or its Related Entities, the operations of the Company and/or its
Related Entities, the legal positions taken by the Company and/or its Related
Entities, or the financial status of the Company and/or its Related Entities.
The Executive shall direct inquiries from third parties on these issues to the
Company. The Executive acknowledges that any violation of this Section 15 will
result in irreparable harm to the Company and its Related Entities and will give
rise to an immediate action by the Company and/or its Related Entities for
injunctive relief.

               (b) The Executive will not seek or accept employment by the
Company or its Related Entities at any time and if he does so, his application
need not be considered.

16.            Non-disparagement; Employment Reference. The Executive agrees not
to disparage or otherwise publish or communicate derogatory statements or
opinions about the Company and/or its Related Entities, its/their respective
management, products and services to any third party for a period of three (3)
years after the Resignation Date. It shall not be a breach of this Section 16
for the Executive to testify truthfully in any judicial or administrative
proceeding, or to make factually accurate statements in legal or public filings.
If any prospective employers contact the Human Resources Director of the Company
concerning the Executive, they will be told that the Executive was employed by
the Company from May 1, 1995 until he voluntarily resigned as of the Resignation
Date.

17.            Remedies for Breach. Notwithstanding anything to the contrary
herein, if the Executive breaches his obligations under this Agreement, in
addition to whatever other rights the Company and/or its Related Entities may
have, the Executive shall forfeit his right to receive any further payments or
benefits under this Agreement.

18.            Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the State of California, without giving effect to
principles of conflict of laws. The Company and the Executive each hereby agrees
that all actions or proceedings arising directly or indirectly hereunder,
whether instituted by the Executive or the Company, shall be litigated in courts
having situs within the State of California, County of San Diego and the
Executive and the Company each hereby expressly consents to the jurisdiction of
any local, state or Federal court located within said state and county, and
consent that any service of process in such action or proceeding may be made by
personal service upon the Executive or the Company wherever the Executive or the
Company may be located, respectively, or by certified or registered mail
directed to the Executive or the Company at his/its last known address. The
Executive and the Company each hereby waives trial by jury, any objection based
on forum non conveniens, and any objection to venue of any action instituted
hereunder.

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19.            Attorneys' Fees. In any action, litigation or proceeding between
the parties arising out of or in relation to this Agreement, each party shall
bear its own costs and expenses, including reasonable attorneys' fees.

20.            Non-Admission of Liability. The Executive and the Company each
understands and agrees that neither the payment of any sum of money nor the
execution of this Agreement by the parties will constitute or be construed as an
admission of any liability whatsoever by any party.

21.            Withholding Taxes; Tax Reporting. The Company may, if required in
its reasonable judgment, withhold from any amounts payable under this Agreement
all such Federal, state, city and other taxes, and may file with appropriate
governmental authorities all such information returns or other reports with
respect to the tax consequences attendant to any amounts payable under this
Agreement, as may, in its reasonable judgment, be required by law.

22.            Severability. If any one or more of the provisions contained
herein (or parts thereof), or the application thereof in any circumstances, is
held invalid, illegal or unenforceable in any respect for any reason, the
validity and enforceability of any such provision in every other respect and of
the remaining provisions hereof will not be in any way impaired or affected, it
being intended that all of the rights and privileges shall be enforceable to the
fullest extent permitted by law.

23.            Entire Agreement. This Agreement represents the sole and entire
agreement among the parties and, except as expressly stated herein, supersedes
all prior agreements, negotiations and discussions between the Executive and the
Company with respect to the subject matters contained herein. 24. Waiver. No
waiver by one party hereto at any time of any breach of, or compliance with, any
condition or provision of this Agreement to be performed by the other party
hereto may be deemed a waiver of similar or dissimilar provisions or conditions
at the same time or at any prior or subsequent time.

25.            Amendment. This Agreement may be modified or amended only if such
modification or amendment is agreed to in writing and signed by duly authorized
representatives of the parties hereto, which writing expressly states the intent
of the parties to modify this Agreement.

26.            Counterparts. This Agreement may be executed in one or more
counterparts, each of which will be deemed to be an original as against any
party that has signed it, but all of which together will constitute one and the
same instrument.

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27.            Assignment. This Agreement inures to the benefit of and is
binding upon the Company and its successors and assigns, but the Executive's
rights under this Agreement are not assignable.

28.            Notice. All notices, requests, demands, claims and other
communications hereunder shall be in writing and shall be deemed to have been
duly given (a) if personally delivered; (b) if sent by telecopy or facsimile; or
(c) if mailed by overnight or by first class, certified or registered mail,
postage prepaid, return receipt requested, and properly addressed as follows:

                      If to the Executive, to:

                             G. Fritz Opel
                             11205 Gatemore Way
                             San Diego, California 92131
                             Fax: (619) 239-5601

                      If to the Company, to:

                             Venture Catalyst Incorporated
                             16868 Via Del Campo Court, Suite 200
                             San Diego, California 92127
                             Attn:   Chief Financial Officer
                             Fax:  (858) 385-1001

                      with a copy to:

                             Paul, Hastings, Janofsky & Walker LLP
                             695 Town Center Drive, 17th Floor
                             Costa Mesa, California 92626
                             Attn: John F. Della Grotta, Esq.
                             Fax: (714) 979-1921

Such addresses may be changed, from time to time, by means of a notice given in
the manner provided above. Notice will conclusively be deemed to have been given
when personally delivered (including, but not limited to, by messenger or
courier); or if given by mail, on the date of delivery, if given by Federal
Express or other similar overnight service or on the third day after being sent
by first class, certified or registered mail; or if given by telecopy or
facsimile machine, when confirmation of transmission is indicated by the
sender's machine. Notices, requests, demands and other communications delivered
to legal counsel of any party hereto, whether or not such counsel shall consist
of in-house or outside counsel, shall not constitute duly given notice to any
party hereto.

<PAGE>   10
29.            Miscellaneous Provisions.

(a)               The parties represent that they have read this Agreement and
fully understand all of its terms; that they have conferred with their
attorneys, or have knowingly and voluntarily chosen not to confer with their
attorneys about this Agreement; that they have executed this Agreement without
coercion or duress of any kind; and that they understand any rights that they
have or may have and sign this Agreement with full knowledge of any such rights.

(b)               The language in all parts of this Agreement must be in all
cases construed simply according to its fair meaning and not strictly for or
against any party. Whenever the context requires, all words used in the singular
must be construed to have been used in the plural, and vice versa, and each
gender must include any other gender. The captions of the Sections of this
Agreement are for convenience only and must not affect the construction or
interpretation of any of the provision herein.

(c)               Each provision of this Agreement to be performed by a party
hereto is both a covenant and condition, and is a material consideration for the
other party's performance hereunder, and any breach thereof by the party will be
a material default hereunder. All rights, remedies, undertakings, obligations,
options, covenants, conditions and agreements contained in this Agreement are
cumulative and no one of them is exclusive of any other. Time is of the essence
in the performance of this Agreement.

(d)               Each party acknowledges that no representation, statement or
promise made by the other party, or by the agent or attorney of such other
party, has been relied on by him or it in entering into this Agreement.

(e)               Each party understands that the facts with respect to which
this Agreement is entered into may be materially different from those the
parties now believe to be true. Each party accepts and assumes this risk and
agrees that this Agreement and the release in it shall remain in full force and
effect, and legally binding, notwithstanding the discovery or existence of any
additional or different facts, or of any claims with respect to those facts.

(f)               Unless expressly set forth otherwise, all references herein to
a "day" are deemed to be a reference to a calendar day. All references to
"business day" mean any day of the year other than a Saturday, Sunday or a
public or bank holiday in San Diego, California. Unless expressly stated
otherwise, cross-references herein refer to provisions within this Agreement and
are not references to the overall transaction or to any other document.

                                       10

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(g)               Each party to this Agreement will cooperate fully in the
execution of any and all other documents and in the completion of any additional
actions that may be necessary or appropriate to give full force and effect to
the terms and intent of this Agreement.

30.            Approval of Board of Directors. This Agreement was approved by
the Compensation Committee of the Company's Board of Directors at a special
meeting held on February 25, 2000.

        THE EXECUTIVE AND THE COMPANY EACH ACKNOWLEDGES THAT HE/IT HAS READ THIS
AGREEMENT, UNDERSTANDS IT AND IS VOLUNTARILY ENTERING INTO IT. THE EXECUTIVE
ACKNOWLEDGES AND UNDERSTANDS THAT THIS AGREEMENT INCLUDES A RELEASE OF ALL KNOWN
AND UNKNOWN CLAIMS.

        IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
the dates indicated below.

                                    VENTURE CATALYST INCORPORATED,
                                    a Utah corporation

Dated:  February 25, 2000           By: /S/ L. DONALD SPEER, II
                                       -----------------------------------
                                           L. Donald Speer, II
                                           Chairman of the Board and Chief
                                           Executive Officer

                                    EXECUTIVE

Dated:  February 25, 2000           By: /S/ G. FRITZ OPEL
                                       -------------------------------------
                                           G. Fritz Opel

<PAGE>   12
                                 SPOUSAL CONSENT

        I, Jeri Opel, have read the Settlement and Release Agreement (the
"Agreement") entered into by and between Venture Catalyst Incorporated and G.
Fritz Opel, understand the contents of the Agreement, and do hereby consent to
the Agreement. I have been advised to consult with counsel of my choosing in
connection with this Spousal Consent and have been given ample opportunity to do
so. If I have not consulted with counsel in connection with this Spousal
Consent, I have knowingly and willingly elected not to do so.

                                            Spouse

Dated:  February 25, 2000                   /S/  JERI OPEL
                                            --------------
                                            Jeri Opel<PAGE>   1
                                                                    EXHIBIT 10.3

                                                           FINAL EXECUTION DRAFT

                     CONSULTING FEE SUBORDINATION AGREEMENT

               This CONSULTING FEE SUBORDINATION AGREEMENT (as amended,
supplemented or otherwise modified from time to time, this "AGREEMENT") is made
as of January 13, 2000, by and among STATE STREET BANK AND TRUST COMPANY OF
CALIFORNIA, NATIONAL ASSOCIATION, a national banking association, organized and
existing under the laws of the United States, as trustee (in such capacity,
together with its successors and assigns, the "TRUSTEE"), for the benefit of
itself and the holders of the Bonds (as defined below), VENTURE CATALYST
INCORPORATED (formerly Inland Entertainment Corporation and prior thereto Inland
Casino Corporation), a Utah corporation (the "CONSULTANT"), and the BARONA GROUP
OF CAPITAN GRANDE BAND OF MISSION INDIANS, also known as the Barona Capitan
Grande Band of Diegueno Mission Indians of the Barona Reservation, and also
known as the Barona Band of Mission Indians, a federally recognized Indian
tribal entity (the "TRIBE").

                                    RECITALS

        A. The Tribe intends to enter into a Private Placement Agreement (the
"PLACEMENT AGREEMENT") with respect to the sale of $18,890,000 in aggregate
principal amount of Limited General Obligation Bonds (Federally Tax-Exempt)
Series 2000 (and together with any new bonds issued in replacement of and
exchange therefor, the "BONDS").

        B. The Tribe shall issue the Bonds pursuant to that certain Indenture
dated as of January 1, 2000 (as amended, supplemented or otherwise modified from
time to time, the "INDENTURE"), by and between the Tribe and the Trustee, and is
permitted under the Indenture to issue Additional Bonds. All terms used and not
otherwise defined herein shall have the meanings given to them in the Indenture.

        C. The Consultant and the Tribe are parties to that certain Amended and
Restated Consulting Agreement entered into as of April 29, 1996 (effective as of
March 27, 1996, as amended by Modification No. 1 dated as of February 17, 1998,
and as further amended, supplemented or otherwise modified from time to time,
the "CONSULTING AGREEMENT"), pursuant to which the Tribe pays the Consultant a
Consulting Fee (as defined in the Consulting Agreement) in consideration of the
Consultant's services relating to the Barona Casino.

        D. It is a condition to the consummation of the sale of the Bonds
pursuant to the Placement Agreement that the parties hereto have agreed to enter
into this Agreement.

                                    AGREEMENT

        NOW, THEREFORE, in consideration of the foregoing recitals and the
provisions set forth herein and other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the Trustee, the
Consultant and the Tribe agree as follows:

<PAGE>   2
               1. Subordination to Tax Exempt Debt. Consultant shall be entitled
to be paid all amounts from time to time owing to Consultant from the Tribe
under the Consulting Agreement, provided, however, that notwithstanding any
provision of the Consulting Agreement, no Consulting Fee now or hereafter due
(the "SUBORDINATED OBLIGATIONS") shall be paid so long as Consultant has
received notice of an Event of Default under the Indenture for which there is a
payment default and such default shall be continuing or the Trustee shall have
notified the Consultant that any levied Government Service Tax remains unpaid in
whole or in part (a "DEFAULT"). The Tribe hereby agrees that it shall promptly
notify the Consultant of the occurrence of any Default and when the Default has
been cured or waived. Should any direct or indirect payment be made to the
Consultant upon or with respect to the Subordinated Obligations after the
Consultant's receipt of a notice of Default (without a subsequent notice that
the Default has been cured or waived), the Consultant shall forthwith deliver
the same to the Trustee for application to all unpaid levied Government Service
Taxes or, if all outstanding Bonds or Additional Bonds shall have been declared
due and owing because of an Event of Default, for application of any amounts due
on the Tax Exempt Debt. After such notice to the Consultant and until amounts so
paid have been delivered to the Trustee, any such payments to the Consultant
shall be held in trust by the Consultant for the benefit of the Trustee.

               "TAX EXEMPT DEBT" means (a) all indebtedness, liabilities and
obligations of every kind or nature, absolute or contingent, now existing or
hereafter arising, of the Tribe, its successors and assigns, under the
Indenture, the Bonds, Additional Bonds, any Financing Documents or any other
documents, instruments or agreements executed in connection with any of the
foregoing (the foregoing, collectively, the "TRANSACTION DOCUMENTS"), owing to
the Trustee or any holder of Bonds or Additional Bonds and their successors and
assigns and any Person who extends credit to the Tribe for the purpose of
refunding any such indebtedness, liabilities or obligations, including without
limitation the principal of, and interest on (including any interest accruing
after the commencement of any bankruptcy, insolvency or similar proceeding with
respect to the Tribe and any interest which would have accrued but for the
commencement of any such proceeding whether or not allowed as a claim in that
proceeding), and all premiums, fees, charges and expenses arising under or in
connection with the Indenture, the Bonds, Additional Bonds or any other
Transaction Document; and (b) any modifications, amendments, refundings,
renewals or extensions of any indebtedness or obligation described in clause (a)
above. Except as and to the extent provided herein, the Consultant will not ask,
demand, sue for, take or receive from the Tribe, by set-off or in any other
manner, direct or indirect payment (whether in cash or property), of the whole
or any part of the Subordinated Obligations, or any transfer of any property in
payment of or as security therefor, so long as there exists an Event of Default
under the Indenture.

               2. Distributions in Liquidation and Bankruptcy. In the event of
any distribution, division or application, partial or complete, voluntary or
involuntary, by operation of law or otherwise, of all or any part of the assets
of the Tribe or the proceeds thereof (including any assets now or hereafter
securing any Subordinated Obligations) to creditors of the Tribe or upon any
indebtedness of the Tribe, by reason of the liquidation, dissolution or other
winding up, partial or complete, of the Tribe, or any receivership, insolvency
or bankruptcy proceeding, or assignment for the benefit of creditors or
marshalling of assets, or any proceeding by or against the Tribe for any relief
under any bankruptcy or insolvency law or laws relating to the relief of

                                       2

<PAGE>   3
debtors, readjustment of indebtedness, arrangements, reorganizations,
compositions or extensions, or sale of all or substantially all of the assets of
Tribe, then and in any such event:

                      (a) The holders of Tax Exempt Debt shall be entitled to
        receive payment in full in cash of all Tax Exempt Debt before the
        Consultant shall be entitled to receive any payment or other
        distributions on, or with respect to, the Subordinated Obligations;

                      (b) Any payment or distribution of any kind or character,
        whether in cash, securities or other property, which but for these
        provisions would be payable or deliverable upon or with respect to the
        Subordinated Obligations shall instead be paid or delivered directly to
        the Trustee for the benefit of the holders of the Tax Exempt Debt for
        application on the Tax Exempt Debt, whether then due or not due, until
        the Tax Exempt Debt shall have first been fully and indefeasibly paid in
        cash;

                      (c) The Consultant hereby irrevocably authorizes and
        empowers the Trustee, and appoints the Trustee as attorney-in-fact, so
        long as any amount due or payable on the Tax Exempt Debt remains unpaid,
        to demand, sue for, collect and receive every such payment or
        distribution, and to the extent the Consultant fails to do so within
        five business days of the due date thereof, to file and vote claims (in
        bankruptcy proceedings or otherwise) and take such other actions, in the
        Trustee's own name or otherwise, as the Trustee may deem necessary or
        advisable for the enforcement of these provisions. The Consultant shall
        duly and promptly take such action as may be reasonably requested by the
        Trustee to assist in the collection of the Subordinated Obligations for
        the account of any holder of the Tax Exempt Debt, and to file
        appropriate proofs of claim with respect to the Subordinated Obligations
        and to vote the same, and to execute and deliver to the Trustee on
        demand such powers of attorney, proofs of claim, assignments of claim or
        other instruments as may be reasonably requested by the Trustee to
        enable the Trustee or any other holder of the Tax Exempt Debt to enforce
        any and all claims upon or with respect to the Subordinated Obligations
        and to collect and receive any and all payments or distributions which
        may be payable or deliverable at any time upon or with respect to the
        Subordinated Obligations. In addition, the Consultant shall take no
        action (whether oral, written or otherwise) in contravention of any
        action of the Trustee duly taken and permitted hereunder. Such
        appointment as attorney-in-fact pursuant to this Section 2(c) is
        irrevocable and coupled with an interest until payment in full and
        complete performance of all the Tax Exempt Debt. The Trustee may appoint
        a substitute attorney-in-fact. The Consultant ratifies all actions taken
        by the attorney-in-fact but, nevertheless, if the Trustee requests, the
        Consultant will specifically ratify any action taken by the
        attorney-in-fact by executing and delivering to the attorney-in-fact or
        to any entity designated by the attorney-in-fact all documents necessary
        to effect such ratification; and

                      (d) Each of the parties hereby agrees that it shall be
        bound by the terms and provisions hereof, notwithstanding the
        confirmation of a plan of reorganization of the Tribe under Section
        1129(b) of the Bankruptcy Code.

                                       3

<PAGE>   4
               3. Permitted Payments. Subject to the provisions of Sections 1
and 2 of this Agreement, the Tribe may pay to the Consultant and the Consultant
may accept payment of amounts due under the Consulting Agreement.

               4. No Acceleration or Exercise of Remedies. So long as any of the
Tax Exempt Debt remains unpaid, the Consultant will not (a) cause any portion of
the Subordinated Obligations to become due prior to the due date for such
Subordinated Obligations as set forth in the Consulting Agreement; (b) accept
any payment, prepayment or defeasance of any portion of the Subordinated
Obligations prior to the due date for such Subordinated Obligations as set forth
in the Consulting Agreement or in violation of this Agreement; (c) modify or
alter in any way the provisions of the Consulting Agreement if the effect of
such is to accelerate the payments of Subordinated Obligations due thereon; or
(d) exercise any remedies with respect to the Subordinated Obligations or any
collateral at any time securing payment or performance thereof unless and until,
in each such case, all of the Tax Exempt Debt shall have been indefeasibly paid
in full in cash, or the Trustee shall have otherwise consented in writing.

               5. Bankruptcy. Until the Tax Exempt Debt shall have been
indefeasibly paid in full in cash, the Consultant will not, without the prior
consent of the Trustee, commence, or join with any other person in commencing,
any proceeding against any Person with respect to the Subordinated Obligations
under any bankruptcy, reorganization, readjustment of debt, dissolution,
receivership, liquidation or insolvency law or statute now or hereafter in
effect in any jurisdiction.

               6. Continuing Subordination. The subordination effected by these
provisions is a continuing subordination and may not be modified or terminated
by the Consultant or any other holder of any Subordinated Obligations until all
of the Tax Exempt Debt shall have been indefeasibly paid in full in cash. At any
time and from time to time, without consent of or notice to the Consultant or
any other holder of Subordinated Obligations, and without impairing or affecting
the obligations of any of them hereunder:

                      (a) The time for the Tribe's performance of, or compliance
        with, any of its agreements contained in the Indenture, the Bonds,
        Additional Bonds or the other Transaction Documents, or any other
        agreement, instrument or document relating to the Tax Exempt Debt, may
        be modified or extended or such performance or compliance may be waived;

                      (b) The Trustee may exercise or refrain from exercising
        any rights under the Indenture, the Bonds, Additional Bonds or the other
        Transaction Documents, or any other agreement, instrument or document
        relating to the Tax Exempt Debt;

                      (c) The Indenture, the Bonds, the Additional Bonds or the
        other Transaction Documents, or any other agreement, instrument or
        document relating to the Tax Exempt Debt, may be revised, amended or
        otherwise modified for the purpose of adding or changing any provisions
        thereof (including, but not limited to, an increase in the interest
        charges), or changing in any manner the rights of the Trustee or the
        Tribe;

                                       4

<PAGE>   5
                      (d) Payment of the Tax Exempt Debt or any portion thereof
        may be extended or refunded or any notes evidencing such Tax Exempt Debt
        may be renewed in whole or in part;

                      (e) The maturity of the Tax Exempt Debt may be
        accelerated, and any collateral security therefor or any other rights of
        the Trustee may be exchanged, sold, surrendered, released or otherwise
        dealt with in accordance with the terms of any present or future
        agreement with the Tribe and any other agreement of subordination (and
        the debt covered thereby) may be surrendered, released or discharged, or
        the terms thereof modified or otherwise dealt with in any manner;

                      (f) Any person liable in any manner for payment of the Tax
        Exempt Debt may be released by holders of Tax Exempt Debt; and

                      (g) Notwithstanding the occurrence of any of the
        foregoing, these subordination provisions shall remain in full force and
        effect with respect to the Tax Exempt Debt, as the same shall have been
        extended, renewed, modified or refunded.

               7. Waivers. The Consultant hereby waives, and agrees not to
assert (a) any right, now or hereafter existing, to require the Trustee to
proceed against or exhaust any collateral at any time securing the Tax Exempt
Debt, or to marshal any assets in favor of the Consultant or any other holder of
any Subordinated Obligations; (b) any notice of the issuance of Tax Exempt Debt,
it being understood advances may be made under the Indenture, or any other
agreement, document or instrument now or hereafter relating to the Tax Exempt
Debt, without notice to or authorization of the Consultant in reliance upon
these subordination provisions.

               It is not the intent of this Agreement to cause the Consultant to
become a surety. However, in the event this Agreement may cause the Consultant
to be deemed a surety, the following provisions apply; provided, however, that
nothing contained herein shall be deemed to be a guarantee by the Consultant of
any obligations for the payment of principal and interest of the Tribe under the
Indenture. The Consultant hereby waives and relinquishes all rights and remedies
accorded by applicable law to sureties or guarantors and agrees not to assert or
take advantage of any such rights or remedies, including, without limitation,
(a) any right to require the Trustee or any of holders of the Bonds or
Additional Bonds (each a "BENEFITED PARTY") to proceed against the Tribe or any
other Person or to proceed against or exhaust any security held by a Benefited
Party at any time or to pursue any other remedy in the power of a Benefited
Party before proceeding against the Consultant with respect to the Subordinated
Obligations or other person, (b) the defense of the statute of limitations in
any action with respect to the Subordinated Obligations hereunder or in any
action for the collection or performance of the Subordinated Obligations, (c)
any defense that may arise by reason of the incapacity, lack of authority, death
or disability of any person or the failure of a Benefited Party to file or
enforce a claim against the estate (in administration, bankruptcy or any other
proceeding) of any person, (d) appraisal, valuation, stay, extension,
marshalling of assets, redemption, exemption, demand, presentment, protest and
notice of any kind, including, without limitation, notice of the existence,
creation or incurring of any new or additional indebtedness or obligation or of
any action or non-action on the part of a Benefited Party, the Tribe, any
endorser, guarantor or creditor of the Tribe or on the

                                       5

<PAGE>   6
part of any person under this or any other instrument or document in connection
with any obligation or evidence of indebtedness held by a Benefited Party as
collateral or in connection with the Subordinated Obligations, (e) any defense
based upon an election of remedies by a Benefited Party, including, without
limitation, an election to proceed by non-judicial rather than judicial
foreclosure, which destroys or otherwise impairs the subrogation rights of the
Consultant, the right of the Consultant to proceed against the Tribe or any
other person for reimbursement, or both, (f) any defense based upon any statute
or rule of law which provides that the obligation of a surety must be neither
larger in amount nor in other respects more burdensome than that of the
principal, (g) any duty on the part of a Benefited Party to disclose to the
Consultant any facts a Benefited Party may now or hereafter know about the Tribe
or any other person, regardless of whether a Benefited Party has reason to
believe that any such facts materially increase the risk beyond that which the
Consultant intends to assume, or has reason to believe that such facts are
unknown to the Consultant, or has a reasonable opportunity to communicate such
facts to the Consultant, because the Consultant acknowledges that the Consultant
is fully responsible for being and keeping informed of the financial condition
of the Tribe, of any other person and of all circumstances bearing on the risk
of non-payment of any Subordinated Obligations, (h) any defense arising because
of the election of a Benefited Party, in any proceeding instituted under the
Federal Bankruptcy Code, of the application of Section 1111(b)(2) of the Federal
Bankruptcy Code, (i) any defense based upon any borrowing or grant of a security
interest under Section 364 of the Federal Bankruptcy Code, (j) any claim or
other rights which it may now or hereafter acquire against the Tribe or any
other Person that arises from the existence of performance obligations under the
Indenture, the Bonds, Additional Bonds or any Financing Document, including,
without limitation, any right of subrogation or reimbursement. Notwithstanding
the foregoing, nothing in this Section 7 shall be deemed to impair the rights
otherwise expressly given to the Consultant in any of the Transaction Documents.
No failure or delay on the Trustee's part in exercising any power, right or
privilege under this Agreement shall impair or waive any such power, right or
privilege. The Consultant acknowledges and agrees that any nonrecourse or
exculpation provided for in the Indenture, the Bonds or any Financing Document,
or any other provision of this Indenture, the Bonds, Additional Bonds or any
Financing Document, limiting the Benefited Parties' recourse to specific
collateral, or limiting the Benefited Parties' right to enforce a deficiency
judgment against the Tribe, shall have absolutely no application to the
Consultant's or the Tribe's liability under the Indenture, the Bonds, Additional
Bonds or any Financing Documents.

               8. Lien Subordination. Any lien, security interest, encumbrance,
charge or claim of the Consultant on any assets or property of the Tribe or any
proceeds or revenues therefrom which the Consultant may have at any time as
security for any Subordinated Obligations shall be, and hereby is, subordinated
to all liens, security interests, or encumbrances now or hereafter granted to
the Trustee by the Tribe or by law with respect to any Tax Exempt Debt,
notwithstanding the date or order of attachment or perfection of any such lien,
security interest, encumbrance or claim or charge or the provision of any
applicable law. Until all holders of Tax Exempt Debt have received payment in
full in cash, if necessary, the Consultant agrees that it will not assert or
seek to enforce against the Tribe the Subordinated Obligations or any interest
of the Consultant in any collateral securing the Subordinated Obligations and
that the Trustee may dispose of any or all of the collateral for the Tax Exempt
Debt free of any and all liens, including,

                                       6

<PAGE>   7
but not limited to, liens created in favor of the Consultant, through judicial
or non-judicial proceedings, in accordance with applicable law including taking
title, after five (5) days written notice to the Consultant. The Consultant
hereby acknowledges that such notice if given five (5) days prior to such
disposition of any of all of the collateral for the Tax Exempt Debt is
sufficient and commercially reasonable. The Consultant hereby agrees that any
such sale or other disposition of so much of the collateral for the Tax Exempt
Debt as is necessary to satisfy in full in cash all of the Tax Exempt Debt shall
be free and clear of any security interest granted to the Consultant; provided
that the entire proceeds (after deducting reasonable expenses of sale) are
applied in reduction of the Tax Exempt Debt. Upon the Trustee's request, the
Consultant shall execute and deliver any releases or other documents and
agreements that the Trustee in its reasonable discretion deems necessary to
dispose of the collateral for the Tax Exempt Debt free of the Consultant's
interest in same. The Consultant retains all of its rights as a junior creditor
with respect to the surplus, if any, arising from any such disposition of the
collateral for the Tax Exempt Debt.

               9. Subrogation. The Consultant hereby subordinates all rights of
subrogation to the rights of the holders of the Bonds and Additional Bonds to
receive payments or distributions, and any rights of subrogation to any
collateral for the Tax Exempt Debt, until the Tax Exempt Debt shall have been
indefeasibly paid in full in cash. Upon such payment in full, the Consultant
shall be subrogated to all rights of the holders of the Bonds and Additional
Bonds.

               10. Subordination Not Impaired by the Tribe. No right of any
holder of the Bonds or Additional Bonds to enforce the subordination of the
Subordinated Obligations shall be impaired by any act or failure to act by the
Tribe or by its failure to comply with these provisions.

               11. No Third Party Beneficiaries. This Agreement is not intended
to give or confer any rights to any Person other than the holders of the Tax
Exempt Debt. No other party, including the Tribe, is intended to be a third
party beneficiary of this Agreement.

               12. Legend on Note. If any portion of the Subordinated
Obligations is evidenced by a promissory note, stock certificate or other
instrument, the Consultant agrees to promptly add a legend thereto stating that
the rights of any holder thereof are subject to this Agreement.

               13. Representations and Warranties. The Consultant hereby
represents and warrants that (a) the execution and delivery of this Agreement
and the performance by the Consultant of its obligations hereunder have received
all necessary approvals and do not and will not contravene or conflict with any
provision of law or of any indenture, instrument or other agreement to which the
Consultant is a party or by which it or its property may be bound or affected or
result in or require the creation or imposition of any mortgage, Lien, pledge,
security interest, charge or other encumbrance in, upon or of any of its
properties or assets under any such indenture, instrument or other agreement,
(b) the Consultant has full power, authority and legal right to make and perform
this Agreement, (c) the Consultant has not assigned or transferred any
indebtedness owing by the Tribe or any of the collateral for the Subordinated
Obligations and that the Consultant will not assign or transfer same, (d) this
Agreement is the legal, valid and binding obligation of the Consultant,
enforceable against the Consultant in accordance with its terms, and (e) the
Subordinated Obligations are not subject to any other subordination agreement.

                                        7

<PAGE>   8
               14. No Waiver. No failure on the part of the Trustee to exercise,
no delay in exercising, and no course of dealing with respect to, any right or
remedy hereunder will operate as a waiver thereof; nor will any single or
partial exercise of any right or remedy hereunder preclude any other or further
exercise thereof or the exercise of any other right or remedy. This Agreement
may not be amended or modified except by written agreement of the Trustee, the
Consultant, and the Tribe, and no consent or waiver hereunder shall be valid
unless in writing and signed by the Trustee.

               15. Successors and Assigns. This Agreement, and the terms,
covenants and conditions hereof, shall be binding upon and inure to the benefit
of the parties hereto, and their respective successors and assigns.

               16. GOVERNING LAW. THIS AGREEMENT WILL BE CONSTRUED IN ACCORDANCE
WITH AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF CALIFORNIA, WITHOUT
REFERENCE TO CHOICE OF LAW PRINCIPLES.

               17. Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

               18. Severability. The invalidity, illegality or unenforceability
in any jurisdiction of any provision in or obligation under this Agreement shall
not affect or impair the validity, legality or enforceability of the remaining
provisions or obligations under this Agreement or of such provision or
obligation in any other jurisdiction.

                                       8

<PAGE>   9
               IN WITNESS WHEREOF, this Consulting Fee Subordination Agreement
has been duly executed as of the day and year first above written.

                                   VENTURE CATALYST CORPORATION, a Utah
                                   corporation

                                   By: /S/ ANDREW B. LAUB
                                      -------------------------------
                                   Name: Andrew Laub
                                        -----------------------------
                                   Title: Executive Vice President
                                         ----------------------------

           [Signature Page to Consulting Fee Subordination Agreement]

<PAGE>   10
                                   STATE STREET BANK AND TRUST COMPANY OF
                                   CALIFORNIA, NATIONAL ASSOCIATION, a
                                   national banking association, as Trustee

                                   By: /S/ JONI D'AMICO
                                      -------------------------------
                                   Name: Joni D'Amico
                                        -----------------------------
                                   Title:   Vice President
                                         ----------------------------

           [Signature Page to Consulting Fee Subordination Agreement]

<PAGE>   11
                                   BARONA GROUP OF CAPITAN GRANDE BAND
                                   OF MISSION INDIANS, ALSO KNOWN AS
                                   THE BARONA CAPITAN GRANDE BAND OF
                                   DIEGUENO MISSION INDIANS OF THE
                                   BARONA RESERVATION, AND ALSO KNOWN
                                   AS THE BARONA BAND OF MISSION
                                   INDIANS, a federally recognized
                                   Indian tribal entity

                                   By: /S/ CLIFFORD M. LACHAPPA
                                      -------------------------------
                                           Clifford M. LaChappa
                                                 Chairman

           [Signature Page to Consulting Fee Subordination Agreement]

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