Document:

Amended and Restated Security Agreement, dated as of July 21, 2005

 EXHIBIT 10.44 
 AMENDED AND RESTATED SECURITY AGREEMENT 
  

 (Shreveport Capital/Co-Issuer) 
 Made by 
 SHREVEPORT CAPITAL CORPORATION, 
 as Debtor

 to 
 U.S. BANK NATIONAL
ASSOCIATION, 
 As Indenture Trustee And Collateral Agent 
 Acting on behalf of the Holders of the Notes 
 July 21, 2005 

 AMENDED AND RESTATED SECURITY AGREEMENT 
 (Shreveport Capital/Co-Issuer) 
 THIS AMENDED AND RESTATED SECURITY AGREEMENT (this
“Agreement”) is made as of July 21, 2005, by SHREVEPORT CAPITAL CORPORATION, a Louisiana corporation (the “Debtor”), in favor of U.S. BANK NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee and Collateral
Agent (the “Trustee” or “Secured Party”), acting on behalf of the holders of the Notes under the Indenture referred to and defined below. Trustee is successor by substitution to Original Trustee defined below under the Original
Indentures defined below and in such capacity is Secured Party under the Original Security Agreements defined below. 
 WITNESSETH:

 - - - - - - - - - - 
 A.
Debtor (in such capacity, the “Original Debtor”) and Eldorado Casino Shreveport Joint Venture, a Louisiana general partnership acting under its prior name Hollywood Casino Shreveport (“Partnership”, and together with the Original
Debtor, the “Original Issuers”), and certain Guarantors that are signatory thereto entered into an Indenture dated as of August 10, 1999 (the “Original 1999 Indenture”) with State Street Bank and Trust Company, a
Massachusetts trust company (in such capacity, the “ Original 1999 Trustee”), as trustee, for the holders of the Original 1999 Notes under the Original 1999 Indenture, pursuant to which the Original Issuers issued $150,000,000 of their 13%
First Mortgage Notes due 2006 with Contingent Interest (as amended, supplemented, restated, exchanged, replaced or otherwise modified from time to time, collectively, the “Original 1999 Notes”). Original Issuers, and certain Guarantors
that are signatory thereto entered into an Indenture dated as of June 15, 2001 (the “Original 2001 Indenture”) with State Street Bank and Trust Company, a Massachusetts trust company (in such capacity, the “ Original 2001
Trustee”), as trustee, for the holders of the Original 2001 Notes under the Original 2001 Indenture, pursuant to which the Original Issuers issued $39,000,000 of their 13% Senior Secured due 2006 with Contingent Interest (as amended,
supplemented, restated, exchanged, replaced or otherwise modified from time to time, collectively, the “Original 2001 Notes”) The Original 1999 Notes and the Original 2001 Notes are collectively referred to as the “Original
Notes”. The Original 1999 Indenture and the Original 2001 Indenture are collectively referred to as the “Original Indentures.” 
 B. To secure the Original Issuers’ obligations under the Original 1999 Indenture and the Original 1999 Notes, Original Debtor entered into, among other collateral grants, a Security Agreement (Shreveport Capital/Co-Issuer)
(“Original 1999 Security Agreement”) dated as of August 10, 1999, pursuant to which Original Debtor granted to Original 1999 Trustee a security interest in the Collateral defined therein. The security interests granted under the
Original 1999 Security Agreement were perfected by the following filed financing statements: UCC-1 Financing Statement filed in Caddo Parish, Louisiana on August 23, 1999 as Instrument No. 09-979692; UCC-1 Financing Statement filed with
the Texas Secretary of State on August 18, 1999 as Instrument No. 99-00167069 (collectively, the “Original 1999 Financing Statements”). Each 

  

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of the Original 1999 Financing Statements was continued by timely filed continuation amendment or re-filed in Louisiana as an out of jurisdiction filing
under UCC 9-706 and is in full force and effect. 
 C. To secure the Original Issuers’ obligations under the Original 2001 Indenture and
the Original 2001 Notes, Original Debtor entered into, among other collateral grants, a Security Agreement (Shreveport Capital/Co-Issuer) (“Original 2001 Security Agreement”) dated as of June 15, 2001, pursuant to which Original
Debtor granted to Original 2001 Trustee a security interest in the Collateral defined therein. The security interests granted under the Original 2001 Security Agreement were perfected by the following filed financing statements: UCC-1 Financing
Statement filed in Caddo Parish, Louisiana on June 15, 2001 as Instrument No. 09-999335; UCC-1 Financing Statement filed with the Texas Secretary of State on June 15, 2001 as Instrument No. 01-00116417 (collectively, the
“Original 2001 Financing Statements”). The Original 1999 Security Agreement and the Original 2001 Security Agreement are collectively referred to as the “Original Security Agreements”. The Original 1999 Financing Statements and
the Original 2001 Financing Statements are collectively referred to as the “Original Financing Statements.” 
 D. On
October 30, 2004, an order for relief was entered under Chapter 11 of the Bankruptcy Code against the Original Issuers and other related entities. Original Issuers’ administratively consolidated chapter 11 cases were heard in the United
States Bankruptcy Court for the Western District of Louisiana, Shreveport Division (the “Bankruptcy Court”), as chapter 11 case no. 04-13259. On July 7, 2005, the Bankruptcy Court entered its order confirming the Joint Plan of
Reorganization of the Original Issuers, HCS-Golf Course LLC and the Bondholder Committee Proposed July 6, 2005 (the “Confirmation Order”). Also on July 7, 2005, the Bankruptcy Court entered its supplemental order attaching the
omitted Exhibit A to the Confirmation Order (the “Supplemental Order”). 
 E. Pursuant to the Confirmation Order, Debtor and
Partnership are authorized to execute an Amended and Restated Indenture and new Notes to evidence the allowed claims of the Holders of the Original Notes, and to amend, restate and consolidate into one the Original Security Agreements and other
collateral documents executed and delivered in respect of the Original Notes and the Original Indentures. The Confirmation Order further provides that the liens and security interests created by the Original Security Agreements and perfected by the
Original Financing Statements are and shall remain perfected first priority liens and security interests on all personal property of Debtor described in the Original Security Agreements and the Original Financing Statements, as the same may be
amended, restated and consolidated into this Agreement pursuant to such Confirmation Order. The Confirmation Order further holds that the personal property of the Debtor and such first priority liens and security interests thereon pursuant to this
Agreement are and shall remain free and clear of the terms of the Pari Passu Intercreditor Agreement and the FF&E Intercreditor Agreement, each dated as of June 15, 2001, each previously entered into by Original Trustee. 
 F. In connection with the reorganization and pursuant to the Confirmation Order, Partnership’s general partners have entered into a Fourth Amended
and Restated Joint Venture Agreement for Eldorado Casino Shreveport Joint Venture, dated as of July 21, 2005, pursuant to which Partnership changed its name to Eldorado Casino Shreveport Joint Venture. 
  

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 G. Debtor and Capital (collectively, the “Issuers”), have entered into an Amended and Restated
Indenture dated as of the date hereof (as may be amended, supplemented, restated or otherwise modified from time to time, the “Indenture”) with the Trustee, pursuant to which the Issuers will issue $140,000,000 in the aggregate principal
amount of 10% First Mortgage Notes due 2012 (as the same may be amended, supplemented, restated, exchanged, replaced or otherwise modified from time to time, collectively, the “Notes”), to evidence the Holders’ allowed claims in
respect of the Original Notes. 
 H. In connection with the Indenture and the Notes, Debtor is entering into this Agreement to collectively
amend and restate the Original Security Agreements and to reaffirm, confirm and re-grant its prior grant of liens and security interests pursuant to this Agreement and the Confirmation Order. 
 I. Based on the foregoing premises, and in order to comply with the terms and conditions of the Indenture and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, Debtor hereby agrees with Secured Party as follows: 
 ARTICLE 1

 DEFINITIONS 
 ----------- 
 Section 1.01 Definitions. When used herein, (a) the terms Account, Certificated Security, Chattel
Paper, Commercial Tort Claims, Deposit Account, Document, Equipment, Financial Asset, Fixture, Goods, Instrument, Inventory, Investment Property, Letter of Credit, Letter of Credit Rights, Security, Security Entitlement, Supporting Obligations and
Uncertificated Security have the respective meanings assigned thereto in the Code (as defined below); (b) capitalized terms which are not otherwise defined have the respective meanings assigned thereto in the Indenture; and (c) the
following terms have the following meanings (such definitions to be applicable to both the singular and plural forms of such terms): 
 “Account Debtor” means the party who is obligated on or under any Account Receivable, Contract Right or General Intangible. 
 “Account Receivable” means any Account, including without limitation any right of Debtor to payment for goods sold or leased or for services rendered. 
 “Code” means the Uniform Commercial Code as in effect from time to time in the State of New York; provided that, if by reason of mandatory provisions of law, the perfection or the effect of perfection or
non-perfection of the security interests in any Collateral is governed by the Uniform Commercial Code as in effect in any jurisdiction other than the State of New York, “Code” means the Uniform Commercial Code as in effect in such other
jurisdiction for purposes of the provisions hereof relating to such perfection or the effect of perfection or non-perfection. 
  

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 “Collateral” means all property and rights of Debtor in which a security interest is granted
hereunder. 
 “Collateral Documents” means this Agreement and all other Collateral Documents (as defined in the Indenture).

 “Computer Hardware and Software” means all of Debtor’s rights (including rights as licensee and lessee) with respect to
(i) computer and other electronic data processing hardware, including all integrated computer systems, central processing units, memory units, display terminals, printers, computer elements, card readers, tape drives, hard and soft disk drives,
cables, electrical supply hardware, generators, power equalizers, accessories, peripheral devices and other related computer hardware; (ii) all software programs designed for use on the computers and electronic data processing hardware
described in clause (i) above, including all operating system software, utilities and application programs in whatsoever form (source code and object code in magnetic tape, disk or hard copy format or any other listings whatsoever);
(iii) any firmware associated with any of the foregoing; and (iv) any documentation for hardware, software and firmware described in clauses (i), (ii) and (iii) above, including flow charts, logic diagrams, manuals,
specifications, training materials, charts and pseudo codes. 
 “Contract Rights” means any rights of Debtor (including, without
limitation, all rights to payment) under each Contract. 
 “Contract(s)” means all contracts or other agreements between Debtor and
one or more additional parties, including, without limitation, all of the material contracts described on Exhibit C attached hereto. 
 “Copyright Licenses” means all licenses, contracts or other agreements, whether written or oral, naming a Debtor as licensee or licensor and providing for the grant of any right to use or sell any works covered by any Copyright
(including, without limitation, all Copyright Licenses set forth in Exhibit B hereto). 
 “Copyrights” means all domestic and
foreign copyrights, whether registered or unregistered, including, without limitation, all copyright rights throughout the universe (whether now or hereafter arising) in any and all media (whether now or hereafter developed), in and to all original
works of authorship fixed in any tangible medium of expression, acquired or used by Debtor (including, without limitation, all copyrights described in Exhibit B hereto), all applications, registrations and recordings thereof (including, without
limitation, applications, registrations and recordings in the United States Copyright Office or in any similar office or agency of the United States or any other country or any political subdivision thereof), and all reissues, divisions,
continuations, continuations in part and extensions or renewals thereof. 
 “Event of Default” has the meaning set forth in
Section 7.01 hereof. 
 “FF&E Collateral” or “FF&E” means all of Debtor’s furniture, fixtures and
equipment, including, without limitation, that generally described on Part 1 of Schedule A attached hereto and more specifically described on Part 2 of Schedule A attached hereto (as may be supplemented, amended or modified from time to time),
whether now or hereafter deemed to be 

  

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(i) a movable, (ii) affixed to the immovable (real) property such that it may be deemed a component part of the immovable (real) property, or
(iii) an appurtenance of the Vessel, in each case, under applicable Louisiana or federal law, or otherwise, and, in each such case, together with all substitutions therefor, replacements thereof and additions thereto, and all proceeds of and
from any and all of the foregoing. 
 “General Intangibles” means all of Debtor’s “general intangibles” as defined
in the Code and, in any event, includes (without limitation) all of Debtor’s trademarks and goodwill of the business relating thereto, trade names, patents, copyrights, trade secrets, customer lists, inventions, designs, software programs, mask
works, registrations, licenses, franchises, tax refund claims, guarantee claims, security interests, rights to indemnification, payment intangibles, all contractual rights and obligations or indebtedness owing to Debtor from whatever source arising,
all things in action, rights represented by judgments, claims arising out of tort and other claims relating to the Collateral (including the right to assert and otherwise be the proper party of interest to commence and prosecute actions), and all
rights in respect of any pension plan or similar arrangement maintained for employees of Debtor. 
 “Intellectual Property” means
all past, present and future: trade secrets and other proprietary information; Trademarks, service marks, business names, designs, logos, indicia and other source and/or business identifiers, and the goodwill of the business relating thereto and all
registrations or applications for registrations which have heretofore been or may hereafter be issued thereon throughout the world; Copyrights (including copyrights for computer programs) and copyright registrations or applications for registrations
which have heretofore been or may hereafter be issued throughout the world and all tangible property embodying the copyrights; unpatented inventions (whether or not patentable); patent applications and Patents; industrial designs, industrial design
applications and registered industrial designs; Licenses; license agreements related to any of the foregoing and income therefrom; books, records, writings, computer tapes or disks, flow diagrams, specification sheets, source codes, object codes and
other physical manifestations, embodiments or incorporations of any of the foregoing; the right to sue for all past, present and future infringements of any of the foregoing; and all common law and other rights throughout the world in and to all of
the foregoing. 
 “Licenses” means, collectively, the Copyright Licenses, the Trademark Licenses and the Patent Licenses.

 “Non-Tangible Collateral” means collectively, all of Debtor’s intangible personal property including, without limitation,
all of Debtor’s Accounts Receivable, Contract Rights and General Intangibles. 
 “Obligations” means (i) the payment when
due of indebtedness evidenced by the Notes in the aggregate principal sum of $140,000,000, interest (including post-petition interest) as set forth in the Indenture and the Notes, and premiums, penalties, and late charges thereon; (ii) all
other indebtedness and other sums (including, without limitation, all reasonable expenses, attorneys’ fees, other fees, indemnifications, reimbursements, damages, other monetary liabilities, and other charges) and obligations that may or shall
become due hereunder or under the Notes, the Indenture or the Collateral Documents; and (iii) any and all renewals, modifications, amendments, extensions for any period, supplements or restatements of any of the foregoing. 
  

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 “Obligor” means any Person, other than Debtor, liable (whether directly or indirectly,
primarily or secondarily) for the payment or performance of any of the Obligations whether as maker, co-maker, endorser, guarantor, accommodation party, general partner or otherwise. 
 “Patent Licenses” means all licenses, contracts or other agreements, whether written or oral, naming Debtor as licensee or licensor and
providing for the grant of any right to manufacture, use or sell any invention covered by any Patent (including, without limitation, all Patent Licenses set forth in Exhibit B hereto). 
 “Patents” means all domestic and foreign letters patent, design patents, utility patents, industrial designs, inventions, trade secrets, ideas,
concepts, methods, techniques, processes, proprietary information, technology, know-how, formulae, rights of publicity and other general intangibles of like nature, now existing or hereafter acquired (including, without limitation, all domestic and
foreign letters patent, design patents, utility patents, industrial designs, inventions, trade secrets, ideas, concepts, methods, techniques, processes, proprietary information, technology, know-how and formulae described in Exhibit B hereto), all
applications, registrations and recordings thereof (including, without limitation, applications, registrations and recordings in the United States Patent and Trademark Office, or in any similar office or agency of the United States or any other
country or any political subdivision thereof), and all reissues, divisions, continuations, continuations in part and extensions or renewals thereof. 
 “Permitted Liens” means “Permitted Liens” as defined in Section 1.01 of the Indenture. 
 “Trademark Licenses” means all licenses, contracts or other agreements, whether written or oral, naming Debtor as licensor or licensee and providing for the grant of any right concerning any Trademark, together with any goodwill
connected with and symbolized by any such trademark licenses, contracts or agreements and the right to prepare for sale or lease and sell or lease any and all Inventory now or hereafter owned by Debtor and now or hereafter covered by such licenses
(including, without limitation, all Trademark Licenses described in Exhibit B hereto). 
 “Trademarks” means all domestic and
foreign trademarks, service marks, collective marks, certification marks, trade names, business names, d/b/a’s, Internet domain names, trade styles, designs, logos and other source or business identifiers and all general intangibles of like
nature, now or hereafter owned, adopted, acquired or used by Debtor (including, without limitation, all domestic and foreign trademarks, service marks, collective marks, certification marks, trade names, business names, d/b/a’s, Internet domain
names, trade styles, designs, logos and other source or business identifiers described in Exhibit B hereto), all applications, registrations and recordings thereof (including, without limitation, applications, registrations and recordings in the
United States Patent and Trademark Office or in any similar office or agency of the United States, any state thereof or any other country or any political subdivision thereof), and all reissues, extensions or renewals thereof, together with all
goodwill of the business symbolized by such marks and all customer lists, formulae and other Records of Debtor relating to the distribution of products and services in connection with which any of such marks are used. 
  

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 “Vessel” means any vessel owned by Debtor (including, without limitation, that certain
riverboat owned by Debtor, Official No. 1099497), whether now owned or acquired or delivered to Debtor in the future, whether or not such Vessel is a vessel within the meaning of 46 U.S.C. (S) 31322(a), and all rights of the Debtor
therein, including all equipment, parts and accessories, including, but not limited to, all of its boilers, engines, generators, air compressors, machinery, masts, spars, sails, riggings, boats, anchors, cables, chains, tackle, tools, pumps and
pumping equipment, motors, apparel, furniture, computer equipment, electronic equipment used in connection with the operation of the Vessel and belonging to the Vessel, all machinery, equipment, engines, appliances and fixtures for generating or
distributing air, water, heat, electricity, light, fuel or refrigeration, or for ventilating or sanitary purposes, fittings and equipment, supplies, spare parts, fuel, and all other appurtenances thereunto appertaining or belonging, whether now
owned or hereafter acquired, whether or not on board said Vessel, and all extensions, additions, accessions, improvements, renewals, substitutions, and replacements hereafter made in or to said Vessel or any part thereof, or in or to any said
appurtenances. 
 ARTICLE 2 
 SECURITY INTEREST 
 ----------------- 
 Section 2.01 Grant of Security Interest. As security for the prompt and complete payment and performance of the Obligations, Debtor reaffirms, regrants and confirms its prior grants to Secured Party under
the Original Security Agreements, and hereby grants to Secured Party, in each case as collateral agent for the Holders of the Notes, a continuing security interest in, Lien upon, and right of set-off against the following, wherever located, whether
now or hereafter existing or acquired, and the proceeds and profits thereof: 
 All of Debtor’s right, title and interest in, to and
under the following: 
  

	 	(i)	Accounts Receivable; 

  

	 	(ii)	Certificated Securities; 

  

	 	(iii)	Chattel Paper; 

 (iv) Computer Hardware and Software and
all rights with respect thereto, including, any and all licenses, options, warranties, service contracts, program services, test rights, maintenance rights, support rights, improvement rights, renewal rights and indemnifications, and any
substitutions, replacements, additions or model conversions of any of the foregoing; 
 (v) all Contracts, together with all Contract Rights
arising thereunder; 
 (vi) Deposit Accounts; 
 (vii) Documents; 
  

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 (viii) Financial Assets; 
 (ix) General Intangibles; 
 (x) Goods (including all of its Equipment, Fixtures and Inventory) and all
accessions, additions, attachments, improvements, substitutions and replacements thereto and therefor; 
 (xi) Instruments; 
 (xii) Intellectual Property, including without limitation all Copyrights, Patents and Trademarks, and all Licenses; 
 (xiii) Investment Property; 
 (xiv)
Letters of Credit and Letter of Credit Rights; 
 (xv) money (of every jurisdiction whatsoever); 
 (xvi) Commercial Tort Claims and the proceeds of any litigation, arbitration or similar proceeding; 
 (xvii) Security Entitlements; 
 (xviii)
Uncertificated Securities; 
 (xix) the FF&E, and all indemnities, warranties and guaranties payable by reason of loss or damage to or
with respect to any FF&E; 
 (xx) Vessels; 
 (xxi) Supporting Obligations; and 
 (xxii) to the extent not included in the foregoing, all other personal
property of any kind or description, wherever located and whenever acquired; 
 together with all books, records, writings, data bases, information and other
property relating to, used or useful in connection with, or evidencing, embodying, incorporating or referring to any of the foregoing, and all proceeds, products, offspring, rents, issues, profits and returns of and from any of the foregoing;
provided that to the extent that the provisions of any lease or license of Computer Hardware and Software or Intellectual Property expressly prohibit (which prohibition is enforceable under applicable law) the grant of a security interest therein,
Debtor’s rights in such lease or license shall be excluded from the foregoing grant for so long as such prohibition continues, it being understood that upon request of the Trustee, Debtor will in good faith use reasonable efforts to obtain
consent for the creation of a security interest in favor of the Trustee in Debtor’s rights under such lease or license. 
  

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 Notwithstanding the foregoing provisions of this Section 2.01, such grant of security interest shall
not extend to, and the term “Collateral” shall not include any of the foregoing property that is, pursuant to mandatory provisions of applicable law, prohibited from being pledged as security; provided that, with respect to this clause,
upon the termination of such prohibitions for any reason whatsoever or in the event such prohibitions are or become unenforceable under applicable law, such foregoing property shall automatically become Collateral hereunder and, provided further,
that upon request of the Trustee, Debtor will in good faith use reasonable efforts to obtain consent for the creation of a security interest in favor of the Trustee in Debtor’s rights under such lease or license. 
 Notwithstanding the foregoing, so long as no Event of Default shall have occurred and be continuing, all dividends, distributions, interest and principal
payments, cash, instruments, and other property and proceeds made upon or with respect to or of the Collateral may be used by Debtor subject to the terms and conditions of the Indenture. Upon the occurrence and during the continuance of an Event of
Default, all rights of Debtor to receive all such dividends, distributions, interest and principal payments, cash, instruments and other property and proceeds shall cease, and such dividends, distributions, interest and principal payments, cash,
instruments and other property and proceeds shall be paid or otherwise delivered to Secured Party. It is expressly contemplated that additional property may from time to time be pledged, assigned or granted to Secured Party as additional security
for the Obligations, and the term “Collateral” as used herein shall be deemed for all purposes hereof to include all such additional property, together with all other property of the types described above related thereto. Debtor agrees
that Secured Party is acting as collateral agent for the Holders of the Notes. 
 ARTICLE 3 
 REPRESENTATIONS AND WARRANTIES 
 ------------------------------ 
 In order to induce Secured Party to accept this Agreement, Debtor represents and warrants to
Secured Party (which representations and warranties will survive the creation and payment of the Obligations) that: 
 Section 3.01
Ownership of Collateral; Absence of Encumbrances and Restrictions. After giving effect to the use of the proceeds of the Notes, Debtor is, and in the case of property acquired after the date hereof, will be, the sole legal and beneficial
owner of the Collateral holding good and indefeasible title to the same, free and clear of all Liens except for Permitted Liens and Debtor has full right, power and authority to assign and grant a security interest in the Collateral to Secured
Party. 
 Section 3.02 No Required Consent. Except for such authorizations, consents or approvals previously obtained and in
effect, no authorization, consent, approval or other action by, and no notice to or filing with, any governmental authority or regulatory body (other than the filing of financing statements and the other documents required to perfect or maintain the

  

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perfection of the Liens granted hereby) is required for (i) the due execution, delivery and performance by Debtor of this Agreement, (ii) the grant
by Debtor of the security interest granted by this Agreement, (iii) the perfection of such security interest or (iv) the exercise by Secured Party of its rights and remedies under this Agreement, except as may be required by applicable
gaming laws or in connection with the disposition of Collateral or by federal or state securities laws or antitrust laws. 
 Section 3.03 Security Interest. After giving effect to the use of proceeds of the Notes, the confirmation and grant of the security interest in and Lien on the Collateral pursuant to this Agreement continues and creates a valid
and continuing security interest in and Lien on the Collateral, enforceable against Debtor, and, upon the filing of financing statements attached hereto as Exhibit D in the filing office for the locations of the Collateral and the Debtor that is
listed on Exhibit A hereof, the security interests granted hereby which can be perfected by the filing of financing statements will be perfected, prior to all other Liens except Permitted Liens, enforceable against third parties and securing payment
of the Obligations. In this regard, Secured Party is acting as collateral agent for the Holders of the Notes. 
 Section 3.04 No
Filings By Third Parties. After giving effect to the use of proceeds of the Notes, and other than any financing statement or other public notice or recording naming Secured Party as Secured Party therein or financing statements with respect to
Permitted Liens, no financing statement or other public notice or recording covering the Collateral is on file in any public office and Debtor has not signed any document or agreement authorizing the filing of any such financing statement or other
public notice or recording so long as any of the Obligations are outstanding. 
 Section 3.05 Name; No Name Changes. The name of
the Debtor set forth on Exhibit A hereto is the true and correct legal name of Debtor, and, except as described on Exhibit A hereto, the Debtor has not, during the preceding five (5) years, entered into any contract, agreement, security
instrument or other document using a name other than, or been known by or otherwise used any name other than, the name used by Debtor herein. 
 Section 3.06 Location of Debtor and Collateral; Intellectual Property. Debtor’s chief executive office, principal place of business and the locations of Debtor’s records concerning the Collateral are set forth on
Exhibit A hereto. Any Collateral not at such location(s) nevertheless remains subject to Secured Party’s security interest. Except as disclosed on Exhibit A hereto, all tangible Collateral of Debtor are located at the locations set forth on
Exhibit A hereto. Exhibit B hereto contains a true, correct and complete listing of all of Debtor’s Intellectual Property which has been registered or for which applications for registration are pending. Debtor has delivered to the Trustee
complete and correct copies of each material License described in Exhibit B hereto, including all schedules and exhibits thereto, which represents all of the Licenses existing on the date of this Agreement. Each such License sets forth the entire
agreement and understanding of the parties thereto relating to the subject matter thereof, and there are no other agreements, arrangements or understandings, written or oral, relating to the matters covered thereby or the rights of Debtor or any of
its Affiliates in respect thereof. Each material License now existing is, and each other material License will be, the legal, valid and binding obligation of the parties thereto, enforceable against such parties in accordance with its terms. No
default 

  

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under any material License by any such party has occurred, nor does any defense, offset, deduction or counterclaim exist thereunder in favor of any such
party. The Debtor owns and controls, or otherwise possesses adequate rights to use, all Trademarks, Patents and Copyrights, which are the only trademarks, patents, copyrights, inventions, trade secrets, proprietary information and technology,
know-how, formulae, rights of publicity necessary to conduct its business in substantially the same manner as conducted as of the date hereof. Except as set forth in Exhibit B, no such material Intellectual Property is the subject of any licensing
or franchising agreement. Debtor has no knowledge of any conflict with the rights of others to any material Intellectual Property, and, to the best knowledge of Debtor, Debtor is not now infringing or in conflict with any such rights of others in
any material respect and, to the best knowledge of Debtor, no other Person is now infringing or in conflict in any material respect with any such properties, assets and rights owned or used by Debtor, except in each case, where such infringement or
conflict could not reasonably be expected to have a material adverse effect. 
 Section 3.07 Collateral. All statements or other
information provided by Debtor to Secured Party describing or with respect to the Collateral is (or, in the case of subsequently furnished information, will be when provided) correct and complete in all material respects. The delivery at any time by
Debtor to Secured Party of additional descriptions of Collateral shall constitute a representation and warranty by Debtor to Secured Party hereunder that the representations and warranties of this Article 3 are correct in all material respects
insofar as they would pertain to such Collateral or the descriptions thereof, except as indicated therein. 
 Section 3.08 Delivery
of Documents. All FF&E Collateral subject to applicable certificate of title statutes are covered by effective certificates of title (the “Certificates of Title”). 
 Section 3.09 Taxpayer and Organizational Identification Number. The federal taxpayer identification number and Louisiana organizational
identification number, if any, of Debtor are set forth on Exhibit A hereto. 
 ARTICLE 4 
 COVENANTS AND AGREEMENTS 
 ------------------------ 
 Debtor will at all times comply with the covenants and agreements contained in this Article 4, from the
date hereof and for so long as any part of the Obligations are outstanding. 
 Section 4.01 Change in Location of Collateral or
Debtor. Except with respect to Collateral under repair or temporarily in transit between locations (and in any such case, for a period not to exceed four (4) months), Debtor will not change the location of the Collateral (except for
(a) Collateral held by the Trustee, (b) motor vehicles and rolling stock, and (c) Collateral temporarily in transit between locations) to any state, county or other jurisdiction in which Secured Party has not already filed a financing
statement or taken other necessary steps to perfect or maintain its security interests in the Collateral without Secured Party’s prior written consent and the delivery of such new financing statements or other documentation as may be 

  

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reasonably necessary or required by Secured Party to ensure the continued perfection and priority of its security interest in the Collateral. Debtor will not
change the location of Debtor’s chief executive office, principal place of business or the locations of Debtor’s records concerning the Collateral unless Debtor shall have given Secured Party at least thirty (30) days prior written
notice thereof and shall have delivered to Secured Party such new financing statements or other documentation as may be reasonably necessary or required by Secured Party to ensure the continued perfection and priority of its security interest in the
Collateral. 
 Section 4.02 Change in Debtor’s Name or Corporate Structure. Debtor will not change its name, identity, state
of organization, or corporate structure (including, without limitation, any merger, consolidation or sale of substantially all of its assets) unless Debtor shall have given Secured Party at least thirty (30) days prior written notice thereof
and shall have delivered to Secured Party such new financing statements or other documentation as may be reasonably necessary or required by Secured Party to ensure the continued perfection and priority of its security interest in the Collateral.
Notwithstanding the forgoing, Debtor may complete all of the corporate transactions contemplated under the Confirmation Order or Plan of Reorganization to be completed on or before the Investor Closing Date defined in the Plan of Reorganization. In
particular, and without limiting the forgoing, the partnership shares of HCS I, Inc. and HCS II, Inc. in Debtor may be cancelled and partnership shares may be issued to Eldorado Shreveport #1 LLC, Eldorado Shreveport #2 LLC and [Newco Noteholder],
with Eldorado Shreveport #1 LLC, Eldorado Shreveport #2 LLC being the sole voting partners of Debtor, all as provided for in and pursuant to the Plan of Reorganization and the Confirmation Order. 
 Section 4.03 Documents; Collateral in Possession of Third Parties. If Certificates of Title or other documents evidencing ownership or
possession of the Collateral are issued or outstanding, Debtor will, after the occurrence and during the continuance of an Event of Default and upon the request of Secured Party, cause the interest of Secured Party to be properly noted thereon and
will, forthwith upon receipt, deliver same to Secured Party. If any material portion of the Collateral is at any time in the possession or control of any warehouseman, bailee, agent or independent contractor, Debtor shall notify such Person of
Secured Party’s security interest in such Collateral. Upon Secured Party’s request, Debtor shall instruct any such Person to hold all such Collateral for Secured Party’s account subject to Debtor’s instructions, or, if an Event
of Default shall have occurred, subject to Secured Party’s instructions. Within 60 days after written request of Secured Party, Certificates of Title on all Collateral that is subject to a Certificate of Title (other than such Collateral that
is subject to a Permitted Lien) shall be reissued to identify Secured Party’s security interest therein and delivered to Secured Party. With respect to any Collateral covered by one or more Certificates of Title or other documents of title
evidencing ownership or possession thereof, each of such Certificates of Title or documents of title shall, after the occurrence and during the continuance of an Event of Default and upon the request of Secured Party, be delivered to Secured Party
(provided that all Certificates of Title and documents of title referred to in Article 2 hereof shall be subject to the security interest created by this Agreement irrespective of whether or not such delivery shall have been made). 
 Section 4.04 Delivery of Letters of Credit and Instruments. After the occurrence and during the continuance of an Event of Default and upon
the request of Secured Party, Debtor will deliver each letter of credit, if any, included in the Collateral to Secured Party, in each case 

  

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forthwith upon receipt by or for the account of Debtor. After the occurrence and during the continuance of an Event of Default and upon the request of
Secured Party, if any Non-Tangible Collateral becomes evidenced by a promissory note, trade acceptance or any other instrument for the payment of money (other than checks or drafts in payment of Non-Tangible Collateral collected by Debtor in the
ordinary course of business prior to notification by Secured Party under Section 7.02(g)), Debtor will immediately deliver such instrument to Secured Party, appropriately endorsed without reservation and, regardless of the form of presentment,
demand, notice of dishonor, protest and notice of protest with respect thereto, Debtor will remain liable thereon as an endorser until such instrument is paid in full. 
 Section 4.05 Sale, Disposition or Encumbrance of Collateral. Except for Permitted Liens and as otherwise expressly permitted pursuant to the provisions of the Indenture and Article 5 of this Agreement or
with Secured Party’s prior written consent, Debtor will not in any way encumber any of the Collateral (or permit or suffer any of the Collateral to be encumbered) or sell, assign, substitute, replace, lend, rent, lease or otherwise dispose of
or transfer any of the Collateral to or in favor of any Person other than Secured Party. For avoidance of doubt, to the extent not prohibited by the Indenture, Debtor may sell inventory in the ordinary course of business and may dispose of equipment
which is obsolete or in disrepair, in each case in the ordinary course of Debtor’s business. 
 Section 4.06 Records and
Information. Debtor shall keep accurate and complete records of the Collateral (including proceeds). Secured Party may at any time upon reasonable prior notice have access during normal business hours to examine, audit, make extracts from and
inspect without hindrance or delay Debtor’s records, files and the Collateral. Debtor will promptly provide written notice to Secured Party of all information which in any way relates to or affects the filing of any financing statement or other
public notices or recordings, or the delivery and possession of items of Collateral, for the purpose of perfecting a security interest in the Collateral. Debtor will also promptly furnish such information as Secured Party may from time to time
reasonably request regarding the Collateral or Secured Party’s rights or remedies with respect thereto. 
 Section 4.07
Reimbursement of Expenses. Debtor hereby assumes all liability for the Collateral, the security interests created hereunder and any use, possession, maintenance, management, enforcement or collection of any or all of the Collateral. Debtor
agrees to indemnify and hold Secured Party harmless from and against and covenants to defend Secured Party against any and all losses, damages, claims, costs, penalties, liabilities and reasonable expenses, including, without limitation, court costs
and reasonable attorneys’ fees, incurred because of, incident to, or with respect to the Collateral (including, without limitation, any use, possession, maintenance or management thereof, or any injuries to or deaths of Persons or damage to
property, except to the extent caused by the gross negligence or willful misconduct of Secured Party). All amounts for which Debtor is liable pursuant to this Section 4.07 shall be due and payable by Debtor to Secured Party upon demand. If
Debtor fails to make such payment upon demand (or if demand is not made due to an injunction or stay arising from bankruptcy or other proceedings) and Secured Party pays such amount, the same shall be due and payable by Debtor to Secured Party, plus
interest thereon from the date of Secured Party’s demand (or from the date of Secured Party’s payment if demand is not made due to such proceedings) at the interest rate applicable to overdue principal as provided in the Notes. 

 

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 Section 4.08 Further Assurances. Upon the request of Secured Party, Debtor shall (at
Debtor’s expense) execute and deliver all such assignments, certificates, financing statements or other documents and give further assurances and do all other acts and things as Secured Party may reasonably request to perfect Secured
Party’s interest in the Collateral or to protect, enforce or otherwise effect Secured Party’s rights and remedies hereunder. 
 Section 4.09 Inventory. Debtor may use the Inventory in any lawful manner not inconsistent with this Agreement and the Indenture and with the terms of insurance thereon. 
 Section 4.10 Use, Possession and Control of Collateral. Debtor will not use any Collateral in violation in any material respect of any law,
statute, ordinance, regulation or administrative order, or suffer it to be so used. Debtor shall procure and maintain in effect all material licenses, registrations, certificates, permits, approvals and consents required of it by applicable law or
any governmental authority in connection with the ownership, delivery, installation, use and/or operation of the Collateral. The Collateral will at all times be and remain in the possession and control of Debtor, subject, however, to Sections 4.01
and 5.05 of this Agreement. 
 Section 4.11 Collateral Attached to Other Property. In the event that the Collateral may be
considered attached or affixed to any immovable (real) property or may be considered an appurtenance of the Vessel, Debtor hereby agrees that this Agreement may be filed for record in any appropriate records as a financing statement which is a
fixture filing, and the interests granted herein may be further perfected by the filing of a mortgage and a ship mortgage (as contemplated by the Indenture). In connection therewith, Debtor will take whatever action is required by Section 4.08.
If Debtor is not the record owner of such immovable (real) property, Debtor will provide Secured Party with any additional security agreements or financing statements necessary for the perfection of Secured Party’s security interest in the
Collateral. If the Collateral is wholly or partly affixed to the immovable (real) property or installed in or affixed to other goods, Debtor will, on demand of Secured Party, use its commercially reasonable efforts to furnish Secured Party with
landlord’s waivers, signed by all Persons having an interest in the immovable (real) property or other goods to which the Collateral may have become affixed, permitting Secured Party to have access to the Collateral at all reasonable times and
granting Secured Party a reasonable period of time in which to remove the Collateral after the occurrence and during the continuance of an Event of Default. 
 Section 4.12 Intellectual Property. Debtor will, at its expense, promptly deliver to Secured Party a copy of each notice or other communication received by it by which any other party to any material
License referred to in Exhibit B hereto purports to exercise any of its rights or affect any of its obligations thereunder, together with a copy of any reply by Debtor thereto. Debtor will exercise promptly and diligently each and every right which
it may have under each material License (other than any right of termination) and will duly perform and observe in all respects all of its obligations under each material License and will take all action necessary to maintain the material Licenses
in full force and effect unless the same are no longer used or 

  

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useful in Debtor’s business, provided that nothing set forth herein shall be construed to permit a change of business practice or trade dress that
otherwise requires consent hereunder or under the Indenture. Debtor will not, cancel, terminate, amend or otherwise modify in any respect, or waive any provision of, any License unless the same is no longer used or useful in the conduct of
Debtor’s business. If applicable, Debtor has duly executed and delivered an applicable short form security agreement in the form provided to Debtor by Secured Party. Debtor (either itself or through licensees) will, and will cause each licensee
thereof to, take all action necessary to maintain all of the Intellectual Property in full force and effect, including, without limitation, using the proper statutory notices and markings and using the Trademarks on each applicable trademark class
of goods in order to so maintain the Trademarks in full force, free from any claim of abandonment for non-use, and Debtor will not (nor permit any licensee thereof to) do any act or knowingly omit to do any act whereby any Intellectual Property may
become invalidated; provided, however, that Debtor will not have an obligation to use or to maintain any Intellectual Property (A) that relates solely to any product or work, that has been, or is in the process of being, discontinued, abandoned
or terminated, (B) that is being replaced with Intellectual Property substantially similar to the Intellectual Property that may be abandoned or otherwise become invalid, so long as the failure to use or maintain such Intellectual Property does
not materially adversely affect the validity of such replacement Intellectual Property and so long as such replacement Intellectual Property is subject to the Lien created by this Agreement, (C) that is substantially the same as another
Intellectual Property that is in full force, so long the failure to use or maintain such Intellectual Property does not materially adversely affect the validity of such replacement Intellectual Property and so long as such other Intellectual
Property is subject to the Lien and security interest created by this Agreement, or (D) this is no longer used or useful in Debtor’s business. Debtor consents that it will not enter into any agreement with respect to any Intellectual
Property that is inconsistent with Debtor’s obligations hereunder. Debtor will cause to be taken all necessary steps in any proceeding before the United States Patent and Trademark Office and the United States Copyright Office or any similar
office or agency in any other country or political subdivision thereof to maintain each registration of the Intellectual Property (other than the Intellectual Property described in the proviso to the immediately preceding sentence), including,
without limitation, filing of renewals, affidavits of use, affidavits of incontestability and opposition, interference and cancellation proceedings and payment of maintenance fees, filing fees, taxes or other governmental fees. If any Intellectual
Property is infringed, misappropriated, diluted or otherwise violated in any material respect by a third party, the Debtor shall (x) upon obtaining knowledge of such infringement, misappropriation, dilution or other violation, promptly notify
Secured Party and (y) to the extent the Debtor shall deem appropriate under the circumstances, promptly sue for infringement, misappropriation, dilution or other violation, seek injunctive relief where appropriate and recover any and all
damages for such infringement, misappropriation, dilution or other violation, or take such other actions as the Debtor shall deem appropriate under the circumstances to protect such Intellectual Property. Debtor shall promptly after creation or
consummation thereof furnish to Secured Party statements and schedules identifying and describing Intellectual Property and Licenses that are created or entered into after the date of this Agreement, and such other reports in connection with the
Intellectual Property and Licenses as Secured Party may request, all in reasonable detail. Following receipt by Secured Party of any such statements, schedules or reports, the Debtor shall modify this Agreement by amending Exhibit B hereto to
include any Intellectual Property or License, as the case may be, which becomes part of the Collateral under this Agreement, and shall execute and authenticate such 
  

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documents and do such acts as shall be necessary or, in the reasonable judgment of Secured Party, desirable to subject such Intellectual Property and
Licenses to the Lien and security interest created by this Agreement. Notwithstanding anything herein to the contrary, upon the occurrence and during the continuance of an Event of Default, no Debtor may abandon or otherwise permit any Intellectual
Property to become invalid without the prior written consent of Secured Party, and if any Intellectual Property is infringed, misappropriated, diluted or otherwise violated in any material respect by a third party, the Debtor will take such action
as Secured Party shall reasonably deem appropriate under the circumstances to protect such Intellectual Property. In no event shall Debtor, either itself or through any agent, employee, licensee or designee, file an application for the registration
of any Trademark or Copyright or the issuance of any Patent with the United States Patent and Trademark Office or the United States Copyright Office, as applicable, or in any similar office or agency of the United States or any country or any
political subdivision thereof, unless it gives Secured Party prior or concurrent written notice thereof. Upon request of Secured Party, Debtor shall execute, authenticate and deliver any and all assignments, agreements, instruments, documents and
papers as Secured Party may reasonably request to evidence Secured Party’s security interest hereunder in such Intellectual Property and the General Intangibles of Debtor relating thereto or represented thereby, and Debtor hereby appoints
Secured Party its attorney-in-fact to execute and/or authenticate and file all such writings for the foregoing purposes, all acts of such attorney being hereby ratified and confirmed, and such power (being coupled with an interest) shall be
irrevocable until the repayment of all of the Obligations in full and in immediately available U.S. Dollars. 
 Section 4.13 Deposit
Accounts. Prior to the date hereof, Debtor shall cause each bank and other financial institution at which Debtor has a Deposit Account hereto to execute and deliver to Secured Party a control agreement, in form and substance reasonably
satisfactory to Secured Party, duly executed by Debtor and such bank or financial institution, or enter into other arrangements in form and substance satisfactory to Secured Party, pursuant to which such institution shall irrevocably agree,
inter alia, that (i) it will comply at any time with the instructions originated by Secured Party to such bank or financial institution directing the disposition of cash, Securities, Investment Property
and other items from time to time credited to such account, without further consent of Debtor, which instructions Secured Party will not give to such bank or other financial institution in the absence of a continuing Event of Default, (ii) all
cash, Securities, Investment Property and other items of Debtor deposited with such institution shall be subject to a perfected security interest in favor of Secured Party for the benefit of the Holders, and (iii) upon receipt of written notice
from Secured Party during the continuance of an Event of Default, such bank or financial institution shall immediately send to Secured Party by wire transfer (to such account as Secured Party shall specify, or in such other manner as Secured Party
shall direct) all such cash, Securities, Investment Property and other items held by it. Without the prior written consent of Secured Party, Debtor will not make or maintain any Deposit Account, Commodity Account or Security Account except for the
accounts identified to Secured Party in writing. The provisions of this paragraph shall not apply to Deposit Accounts specially and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of
Debtor’s salaried employees. 
  

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 ARTICLE 5 
 RIGHTS, DUTIES AND POWERS OF SECURED PARTY 
 ------------------------------------------ 
 Secured Party shall have the following rights, duties and powers: 
 Section 5.01 Discharge Encumbrances. After the occurrence and during the continuance of an Event of Default, Secured Party may, at its option, discharge any taxes, Liens, security interests or other
encumbrances at any time levied or placed on the Collateral, and may pay for insurance on the Collateral to the extent required by this Agreement or the Indenture and not obtained by Debtor. Debtor agrees to reimburse Secured Party upon demand for
any payment so made, plus interest thereon from the date of Secured Party’s demand at the interest rate applicable to overdue principal as provided in the Notes. 
 Section 5.02 Licenses and Rights to Use Collateral. After the occurrence and during the continuance of an Event of Default, in connection with any transfer or sale (to Secured Party or any other Person) of
the Collateral, Secured Party is hereby granted a transferable license or other right to use, without any charge, any of Debtor’s Intellectual Property in completing production, advertising or selling such Collateral except any of the foregoing
property which is expressly prohibited by its terms from being assigned or licensed. After the occurrence and during the continuance of an Event of Default, Debtor’s rights under all licenses and franchise agreements shall inure to the benefit
of Secured Party and any transferee of all or any part of the Collateral. 
 Section 5.03 Cumulative and Other Rights. The
rights, powers and remedies of Secured Party hereunder are in addition to all rights, powers and remedies given by law or in equity. The exercise by Secured Party of any one or more of the rights, powers and remedies herein shall not be construed as
a waiver of any other rights, powers and remedies, including, without limitation, any other rights of set-off (which set-off rights may be exercised only after the occurrence and during the continuance of an Event of Default). If any of the
Obligations are given in renewal, extension for any period or rearrangement, or applied toward the payment of debt secured by any Lien, Secured Party shall be, and is hereby, subrogated to all the rights, titles, interests and liens securing the
debt so renewed, extended, rearranged or paid. This Agreement is one of the Collateral Documents referred to in the Indenture, and all provisions of the Indenture that apply to Collateral Documents generally shall apply to this Agreement as if set
forth herein at length. 
 Section 5.04 Disclaimer of Certain Duties. 
 (a) The powers conferred upon Secured Party by this Agreement are to protect its interest in the Collateral and shall not impose any duty upon Secured
Party to exercise any such powers. Debtor hereby agrees that Secured Party shall not be liable for, nor shall the indebtedness evidenced by the Obligations be diminished by, Secured Party’s delay or failure to collect upon, foreclose, sell,
take possession of or otherwise obtain value for the Collateral. Nothing herein shall affect any obligation of Secured Party to the Holders under the Indenture or under applicable law. 
  

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 (b) Except as may be required by the Indenture, and to the fullest extent permitted by applicable law,
Secured Party shall be under no duty whatsoever to make or give any presentment, notice of dishonor, protest, demand for performance, notice of non-performance, notice of intent to accelerate, notice of acceleration, or other notice or demand in
connection with any Collateral or the Obligations, or to take any steps reasonably necessary to preserve any rights against any Obligor, Account Debtor or other Person. Debtor waives any right of marshaling in respect of any and all Collateral, and
waives any right to require Secured Party to proceed against any Obligor, Account Debtor or other Person, exhaust any Collateral or enforce any other remedy which Secured Party now has or may hereafter have against any Obligor or other Person.

 Section 5.05 Modification of Obligations; Other Security. Except as specifically provided for in the Indenture, Debtor waives
(i) any and all notice of acceptance, creation, modification, rearrangement, renewal or extension for any period of any instrument executed by any Obligor in connection with the Obligations and (ii) any defense of any Obligor by reason of
disability, lack of authorization, cessation of the liability of any Obligor or for any other reason. Debtor authorizes Secured Party, without notice or demand and without any reservation of rights against Debtor and without affecting Debtor’s
liability hereunder or on the Obligations, from time to time to (x) after the occurrence and during the continuance of an Event of Default and after the acceleration of the Notes, apply the Collateral in the manner permitted by this Agreement
or Indenture and (y) after the occurrence and during the continuance of an Event of Default and after the acceleration of the Notes, renew, extend for any period, accelerate, amend or modify, supplement, enforce, compromise, settle, waive or
release the obligations of any Obligor or any instrument or agreement of such other Person with respect to any or all of the Obligations or Collateral. 
 Section 5.06 Maintenance And Repair; Alteration And Additions. With respect to the FF&E Collateral, Debtor covenants and agrees: 
 (a) Debtor, at its own expense, shall at all times maintain the FF&E in good and safe order, operating condition and repair (ordinary wear and tear
excepted), substantially in conformance with the maintenance and repair standards and procedures as are set forth in the manufacturer’s manuals pertaining to same (and in any event to at least as high a standard of maintenance and repair as
Debtor and/or its Affiliates observe with respect to similar equipment owned or leased by Debtor or any such Affiliate) and as otherwise required to enforce claims against each vendor or manufacturer of each item of FF&E and in compliance in all
material respects with applicable laws and the standards imposed by insurance policies required to be maintained under the Indenture and this Agreement with respect to the FF&E. 
 (b) In addition, Debtor shall make all necessary or appropriate repairs, replacements, substitutions and modifications in respect of the FF&E (or any
component thereof) which may be required to keep the FF&E in the condition required above. 
  

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 (c) If any item of FF&E or individual component thereof is required to be altered, added to,
replaced, improved or modified in order to comply with applicable laws (a “Required Alteration”), Debtor shall diligently proceed to make such Required Alterations at its own expense. 
 (d) Debtor, at its own expense, may make any alteration, addition, replacement, improvement or modification to any item of FF&E (a “Permitted
Alteration”), or remove any part that becomes worn out, broken or obsolete, if Debtor continues to be in compliance with Section 5.06(a) above and such action, when completed, will be of such character as not to materially adversely affect
(i) the current fair market value of the item of FF&E, (ii) the originally anticipated use or function thereof, as applicable, and (iii) the originally anticipated residual value of the item of FF&E. 
 (e) All Alterations shall be completed in a commercially reasonable manner and shall not, when completed, violate the terms of any restriction, easement,
servitude, condition, covenant or other matter affecting the FF&E. 
 (f) Secured Party is not responsible for confirming that
Alterations were made in conformity with the requirements of this Section 5.06(f). 
 (g) Debtor may replace an item or items of
FF&E with a replacement item or items of furniture, fixtures or equipment that meets the suitability standards set forth in the last sentence of this Section 5.06(g). To the extent Debtor desires to replace any one item of FF&E with a
fair market value of $10,000 or more (or in the case of slot machines, $5,000 or more), individually, or multiple items of FF&E with a fair market value of $75,000 or more, in the aggregate, in one transaction or a series of related transactions
conducted within a one year period, Debtor must deliver (i) a replacement notice to Secured Party at least fifteen (15) days prior to the date of the proposed substitution (or where a series of transactions is contemplated, the first such
transaction), (ii) an Officers’ Certificate certifying that the replacement items meet the suitability standard set forth below, and (iii) an amended Schedule A reflecting in sufficient detail the specific items of replacement
FF&E. Upon a permitted replacement of FF&E pursuant to this Section 5.06(g), Trustee, upon Debtor’s request, shall execute and deliver to Debtor any necessary amendments, modifications or terminations to the UCC Financing
Statements, Fixture Filings, and other recordings and/or filings made to perfect the interest granted to Secured Party under this Agreement that may be required to release the replaced item from the terms of this Agreement, all at Debtor’s
expense. Debtor shall own all replacement items of FF&E, and title thereto shall be vested in Debtor upon such permitted replacement. Debtor shall record and/or file any and all UCC Financing Statements, Fixture Filings or other documents
(including any modifications or amendments to same) necessary to perfect Secured Party’s Lien on such replacement item or items. Upon such permitted replacement, Schedule A attached hereto shall be promptly amended to reflect such replacement.
To be suitable as a replacement, such replacement item or items of furniture, fixtures or equipment must (i) be within one of the general categories described on Part 1 of Schedule A hereto and used or useful in the business of the Debtor,
(ii) have substantially equivalent value to Debtor, in Debtor’s reasonable business judgment, as the value to Debtor of the item or items of FF&E being replaced, and (iii) be free and clear of all Liens other than Permitted Liens
(as such definition applies to FF&E). 
  

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 (h) Debtor shall keep maintenance and repair reports as are customary for owners or operators of casinos,
to indicate the nature and date of major work done to (or that affects) the FF&E. Such reports shall be kept on file by Debtor at its offices during the term of the Indenture, and shall be made available to Secured Party upon reasonable request.

 ARTICLE 6 
 EVENTS OF
DEFAULT 
 -------------------- 
 Section 6.01 Events of Default. It shall constitute an Event of Default under this Agreement if an Event of Default occurs and is continuing under the Indenture. 
 Section 6.02 Remedies. Upon the occurrence and during the continuance of an Event of Default, Secured Party may (with no obligation to do so)
take any or all of the following actions without notice (except where expressly required below or in the Indenture) or demand to Debtor: 
 (a) Take possession of the Collateral, or at Secured Party’s request Debtor shall, at Debtor’s cost, assemble the Collateral and make it available at a location to be specified by Secured Party which is reasonably convenient to
Debtor and Secured Party. In any event, Debtor shall bear the risk of accidental loss or damage to or diminution in value of the Collateral, and Secured Party shall have no liability whatsoever for failure to obtain or maintain insurance, nor to
determine whether any insurance ever in force is adequate as to amount or as to risk insured. 
 (b) Sell, in one or more sales and in one or
more parcels, or otherwise dispose of any or all of the Collateral in its then condition or in any other commercially reasonable manner as Secured Party may elect, in a public or private transaction, at any location as deemed reasonable by Secured
Party (including, without limitation, Debtor’s premises), for cash at such price as Secured Party may deem fair, and (unless prohibited by the Code, as adopted in any applicable jurisdiction) Secured Party may be the purchaser of any or all
Collateral so sold and may apply upon the purchase price therefor any Obligations secured hereby. Any such sale or transfer by Secured Party either to itself or to any other Person shall be absolutely free from any claim of right by Debtor,
including any equity or right of redemption, stay or appraisal which Debtor has or may have under any rule of law, regulation or statute now existing or hereafter adopted. Upon any such sale or transfer, Secured Party shall have the right to
deliver, assign and transfer to the purchaser or transferee thereof the Collateral so sold or transferred. It shall not be necessary that the Collateral or any part thereof be present at the location of any such sale or transfer. Secured Party may,
at its discretion, provide for a public sale, and any such public sale shall be held at such time or times within ordinary business hours and at such place or places as Secured Party may fix in the notice of such sale. Secured Party shall not be
obligated to make any sale pursuant to any such notice. Secured Party may, without notice or publication, adjourn any public or private sale by announcement at any time and place fixed for such sale, and such sale may be made at any time or place to
which the same may be so adjourned. In the event any sale or transfer hereunder is not completed or is defective in the opinion of Secured Party, such 

  

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sale or transfer shall not exhaust the rights of Secured Party hereunder, and Secured Party shall have the right to cause one or more subsequent sales or
transfers to be made hereunder. If only part of the Collateral is sold or transferred such that the Obligations remain outstanding (in whole or in part), Secured Party’s rights and remedies hereunder shall not be exhausted, waived or modified,
and Secured Party is specifically empowered to make one or more successive sales or transfers until all the Collateral shall be sold or transferred and all the Obligations are paid. In the event that Secured Party elects not to sell the Collateral,
Secured Party retains its rights to lease or otherwise dispose of or utilize the Collateral or any part or parts thereof in any manner authorized or permitted by law or in equity, and to apply the proceeds of the same towards payment of the
Obligations. Each and every method of disposition of the Collateral described in this subsection or in subsection (e) shall constitute disposition in a commercially reasonable manner. 
 (c) Take possession of all books and records of Debtor pertaining to the Collateral. Secured Party shall have the authority to enter upon any real
property or improvements thereon in order to obtain any such books or records, or any Collateral located thereon, and remove the same therefrom without liability. 
 (d) Apply proceeds of the disposition of the Collateral to the Obligations in any manner elected by Secured Party and permitted by the Code or otherwise permitted by law or in equity and in accordance with the
provisions of the Indenture. Such application may include, without limitation, the reasonable expenses of retaking, holding, preparing for sale or other disposition, and the reasonable attorneys’ fees and legal expenses incurred by Secured
Party. 
 (e) Appoint any Person as agent to perform any act or acts necessary or incident to any sale or transfer by Secured Party of the
Collateral. Additionally, any sale or transfer hereunder may be conducted by an auctioneer or any officer or agent of Secured Party. 
 (f)
Execute, assign and endorse negotiable and other instruments for the payment of money, documents of title or other evidences of payment, shipment or storage for any form of Collateral on behalf of and in the name of Debtor; provided, however,
Secured Party may specifically disclaim any warranties of title. 
 (g) Notify or require Debtor to notify Account Debtors that the
Non-Tangible Collateral been assigned to Secured Party and direct such Account Debtors to make payments on the Non-Tangible Collateral directly to Secured Party. To the extent Secured Party does not so elect, Debtor shall continue to collect the
Non-Tangible Collateral. Secured Party or its designee shall also have the right, in its own name or in the name of Debtor, to do any of the following: (i) to demand, collect, receipt for, settle, compromise any amounts due, give acquittances
for, prosecute or defend any action which may be in relation to any monies due, or to become due by virtue of, the Non-Tangible Collateral; (ii) to sell, transfer or assign or otherwise deal in the Non-Tangible Collateral or the proceeds
thereof or the related goods, as fully and effectively as if Secured Party were the absolute owner thereof; (iii) to extend the time of payment of any of the Non-Tangible Collateral, to grant waivers and make any allowance or other adjustment
with reference thereto; (iv) to take control of cash and other proceeds of any Collateral; (v) to send a request for verification of the Non-Tangible Collateral to any Account Debtor; and (vi) to do all other acts and things necessary
to carry out the intent of this Agreement. 
  

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 (h) Secured Party, instead of exercising the power of sale herein conferred upon it, may proceed by a
suit or suits to foreclose the security interest and sell the Collateral or any portion thereof under a judgment of a court or courts of competent jurisdiction. For purposes of Louisiana executory process procedures, Debtor acknowledges the
Obligations and does hereby CONFESS JUDGMENT in favor of Secured Party for the full amount of the Obligations. Debtor agrees that during the continuance of an Event of Default Secured Party may cause the Collateral to be seized and sold under
executory or ordinary process, at Secured Party’s sole option, without appraisement, appraisement hereby being expressly waived, as an entirety or in parcels as Secured Party may determine, to the highest bidder for cash, and otherwise exercise
the rights, powers and remedies afforded herein and under applicable Louisiana law. Any and all declarations of fact made by authentic act before a Notary Public in the presence of two witnesses by a person declaring that such facts lie within his
knowledge shall constitute authentic evidence of such facts for the purpose of executory process. Debtor hereby waives in favor of Secured Party: (i) the benefit of appraisement as provided in Louisiana Code of Civil Procedure Articles 2332,
2336, 2723 and 2724, and all other laws conferring the same; (ii) the demand and three (3) days delay accorded by Louisiana Code of Civil Procedure Articles 2639 and 2721; (iii) the notice of seizure required by Louisiana Code of
Civil Procedure Articles 2293 and 2721; (iv) the three (3) days delay provided by Louisiana Code of Civil Procedure Articles 2331 and 2722; (v) the benefit of the other provisions of Louisiana Code of Civil Procedure Articles 2331,
2722 and 2723 not specifically mentioned above; and (vi) the benefit of the provisions of any other articles of the Louisiana Code of Civil Procedure not specifically mentioned above. The Debtor further waives all pleas of discussion or
division with respect to the Obligations. In the event the Collateral or any part thereof is seized as an incident to an action for the recognition or enforcement of this Agreement by executory process, ordinary process, sequestration, writ of fieri
facias, or otherwise, Debtor and Secured Party agree that the court issuing such order shall, if petitioned for by Secured Party, direct the applicable sheriff to appoint as a keeper of the Collateral Secured Party or any agent designated by Secured
Party at the time such seizure is effected. This designation is pursuant to Louisiana Revised Statutes 9:5136-9:5140.2 and Secured Party shall be entitled to all of the rights and benefits afforded thereunder, as the same may be amended. It is
hereby agreed that the keeper shall be entitled to receive as compensation, in excess of its costs and expenses incurred in the administration or preservation of the Collateral, an amount equal to $250.00 per day, which shall be payable monthly on
the first day of each month. The designation of keeper made herein shall not be deemed to require Secured Party to provoke the appointment of such a keeper. 
 (i) Exercise all other rights and remedies permitted by law or in equity. 
 (j) In the event that the
Secured Party elects, at its option, to enter suit via ordinaria on the Obligations, in addition to the foregoing confession of judgment and waivers, the Debtor hereby waives citation, other legal process and legal delays, and hereby consents
that judgment for the unpaid principal due on the Obligations, together interest, reasonable attorneys’ fees and costs, and other reasonable charges that may be due on the Obligations, be rendered and signed immediately. 
  

 22 

 Section 6.03 Attorney-in-Fact. Debtor hereby irrevocably appoints Secured Party as
Debtor’s attorney-in-fact, with full authority in the place and stead of Debtor and in the name of Debtor or otherwise, from time to time in Secured Party’s discretion upon the occurrence and during the continuance of an Event of Default,
but at Debtor’s cost and expense and without notice to Debtor: 
 (a) To obtain, adjust, sell and cancel any insurance with respect to
the Collateral, and endorse any draft drawn by insurers of the Collateral. Secured Party may apply any proceeds or unearned premiums of such insurance to the Obligations (whether or not due). 
 (b) To take any action and to execute any assignment, certificate, financing statement, notification, document or instrument which Secured Party may
reasonably deem necessary or advisable to accomplish the purposes of this Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to Debtor representing any payment or other distribution in respect of
the Collateral or any part thereof and to give full discharge for the same. 
 Section 6.04 Account Debtors. Any payment or
settlement of Non-Tangible Collateral made by an Account Debtor will be, to the extent of such payment or to the extent provided under such settlement, a release, discharge and acquittance of the Account Debtor with respect to such Non-Tangible
Collateral, and Debtor shall take any action as may reasonably be required by Secured Party in connection therewith. No Account Debtor on any Non-Tangible Collateral will ever be bound to make inquiry as to the termination of this Agreement or the
rights of Secured Party to act hereunder, but shall be fully protected by Debtor in making payment directly to Secured Party. 
 Section 6.05 Liability for Deficiency. If any sale or other disposition of Collateral by Secured Party or any other action of Secured Party hereunder results in reduction of the Obligations, such action will not release Debtor
from its liability to Secured Party for any unpaid Obligations, including reasonable costs, charges and expenses incurred in the liquidation of Collateral, together with interest thereon at the rate then applicable under the Indenture, and the same
shall be immediately due and payable to Secured Party at Secured Party’s address set forth in the Indenture. 
 Section 6.06
Reasonable Notice. If any applicable provision of any law requires Secured Party to give reasonable notice of any sale or disposition or other action, Debtor hereby agrees that ten days’ prior written notice shall constitute reasonable
notice thereof. Such notice, in the case of public sale, shall state the time and place fixed for such sale and in the case of private sale, the time after which such sale is to be made. 
 Section 6.07 Non-judicial Enforcement. Secured Party may enforce its rights hereunder without prior judicial process or judicial hearing, and
to the extent permitted by law Debtor expressly waives any and all legal rights which might otherwise require Secured Party to enforce its rights by judicial process. 
  

 23 

 ARTICLE 7 
 MISCELLANEOUS PROVISIONS 
 ------------------------ 
 Section 7.01 Notices. Any notice required or permitted to be given under or in connection with this Agreement shall be given in accordance
with the notice provisions of the Indenture. 
 Section 7.02 Amendments and Waivers. Secured Party’s acceptance of partial
or delinquent payments or any forbearance, failure or delay by Secured Party in exercising any right, power or remedy hereunder shall not be deemed a waiver of any obligation of Debtor or any Obligor, or of any right, power or remedy of Secured
Party, and no partial exercise of any right, power or remedy shall preclude any other or further exercise thereof Secured Party may remedy any Event of Default hereunder or in connection with the Obligations without waiving the Event of Default so
remedied. Debtor hereby agrees that if Secured Party agrees to a waiver of any provision hereunder, or an exchange of or release of the Collateral or the addition or release of any Obligor or other Person, any such action shall not constitute a
waiver of any of Secured Party’s other rights or of Debtor’s obligations hereunder. This Agreement may be amended only by an instrument in writing executed jointly by Debtor and Secured Party and may be supplemented only by documents
delivered or to be delivered in accordance with the express terms hereof. 
 Section 7.03 Intentionally Left Blank. 

Section 7.04 Possession of Collateral. Secured Party shall be deemed to have possession of any Collateral in transit to it or set apart
for it (or, in either case, any of its agents, affiliates or correspondents). 
 Section 7.05 Redelivery of Collateral. If any
sale or transfer of Collateral by Secured Party results in full satisfaction of the Obligations, and after such sale or transfer and discharge there remains a surplus of proceeds, Secured Party will deliver to Debtor such excess proceeds in a
commercially reasonable time; provided, however, that Secured Party shall not be liable for any interest, cost or expense in connection with any reasonable delay in delivering such proceeds to Debtor. 
 Section 7.06 Governing Law; Jurisdiction. This Agreement and the security interest granted hereby shall be construed in accordance with and
governed by the laws of the State of New York including, without limitation, Sections 5-1401 and 5-1402 of the New York General Obligations Law (except to the extent that the laws of any other jurisdiction govern the perfection and priority of the
security interests granted hereby). 
  

 24 

 Section 7.07 Gaming Laws and Regulations. 
 (a) Each of the provisions of this Agreement is subject to, and shall be enforced in compliance with, any requirements imposed by any applicable Gaming
Authority. 
 (b) To the extent required under applicable law, the consummation of the transactions contemplated hereby and the exercise of
remedies hereunder may be subject to the Louisiana Riverboat Economic Development and Gaming Control Act, La. R.S. 27:41, et seq., and the Louisiana Gaming Control Law, La. R.S. 27:1, and the regulations promulgated pursuant to each such law, all as
amended from time to time. The Gaming License held by Debtor is not part of the Collateral of this Agreement and, under the above described legislation and rules promulgated thereunder, the Trustee may be precluded from or otherwise limited in
taking possession of or in selling the Collateral of this Agreement under the defaults and remedies provisions of this Agreement. Due to various legal restrictions, including, without limitation, licensing of operators of gaming facilities and prior
approval of the sale or disposition of assets of a licensed gaming operation, the sale of Collateral may be denied by Gaming Authorities or delayed pending Gaming Authority approval. 
 Section 7.08 Continuing Security Agreement. 
 (a) Except as may be expressly applicable pursuant to Section 9-620 of the Code (or any successor provision), no action taken or omission to act by Secured Party hereunder, including, without limitation, any
action taken or inaction pursuant to Section 5.02 hereof, shall be deemed to constitute a retention of the Collateral in satisfaction of the Obligations or otherwise to be in full satisfaction of the Obligations, and the Obligations shall
remain in full force and effect, until Secured Party shall have applied payments (including, without limitation, collections from Collateral) towards the Obligations in the full amount then outstanding or until such subsequent time as is hereinafter
provided in subsection (b) below. 
 (b) To the extent that any payments on the Obligations or proceeds of the Collateral are
subsequently invalidated, declared to be fraudulent or preferential set aside or required to be repaid to a trustee, debtor in possession, receiver or other Person under any bankruptcy law, common law or equitable cause, then to such extent the
Obligations so satisfied shall be revived and continue as if such payment or proceeds had not been received by Secured Party, and Secured Party’s security interests, rights, powers and remedies hereunder shall continue in full force and effect.
In such event, this Agreement shall be automatically reinstated if it shall theretofore have been terminated pursuant to Section 7.09. 
 Section 7.09 Termination. The grant of a security interest hereunder and all of Secured Party’s rights, powers and remedies in connection therewith shall unless otherwise provided in the Indenture or this Agreement, remain
in full force and effect until payment in full of (A) the Notes under the terms of the Indenture, (B) all obligations then due and owing under the Indenture, the Notes and the Collateral Documents and (C) all other Obligations;
provided that after receipt from the Debtor by the Trustee of a request for a release of any Collateral permitted under the Indenture upon the sale, transfer, assignment, exchange or other disposition of such Collateral not prohibited by the
Indenture or this Agreement (and upon receipt by the Trustee of all proceeds of such sale, transfer, assignment, exchange or other disposition to the extent required to be remitted to the Trustee under the Indenture or otherwise), such Collateral
shall be 

  

 25 

 
released from the lien and security interest created hereunder in accordance with the provisions of the Indenture and shall no longer constitute Collateral.
Upon the payment in full of (A) the Notes under the terms of the Indenture (B) all obligations then due and owing under the Indenture and the Collateral Documents, and (C) all other Obligations, the Debtor shall be entitled to the
return, upon its request and at its expense, of such of the Collateral pledged by it as shall not have been sold or otherwise applied pursuant to the terms hereof. Notwithstanding the foregoing, the reimbursement and indemnification provisions of
Section 4.07 and the provisions of subsection 7.08(b) shall survive the termination of this Agreement. 
 Upon any termination of this
Agreement or release of any Collateral as permitted by the Indenture the Trustee will, at the expense of the Debtor, execute and deliver to the Debtor such documents and take such other actions as the Debtor shall reasonably request to evidence the
termination of this Agreement or the release of such Collateral, as the case may be. Any such action taken by the Trustee shall be without warranty by or recourse to the Trustee, except as to the absence of any prior assignments by the Trustee of
its interests in the Collateral, and shall be at the expense of the Debtor. The Trustee may conclusively rely on any certificate delivered to it by the Debtor stating that the execution of such documents and release of the Collateral is in
accordance with and permitted by the terms of the Indenture and this Agreement. 
 Section 7.10 Counterparts; Effectiveness. This
Agreement may be executed in two or more counterparts. Each counterpart is deemed an original, but all such counterparts taken together constitute one and the same instrument. This Agreement becomes effective upon the execution hereof by Debtor and
delivery of the same to Secured Party, and it is not necessary for Secured Party to execute any acceptance hereof or otherwise signify or express its acceptance hereof. 
 Section 7.11 Indenture. This Agreement is subject to the terms and provisions of the Indenture. To the extent a term or provision of this Agreement conflicts with the Indenture, the Indenture shall control
with respect to the subject matter of such term or provision. 
 Section 7.12 Rights of Noteholders. No Holder of a Note shall
have any independent rights hereunder other than those rights granted to individual Holders of Notes pursuant to Section 6.07 of the Indenture; provided that nothing in this Section 7.12 shall limit any rights granted to the Trustee under
the Notes, the Indenture or the Collateral Documents. 
 Section 7.13 No Personal Liability of Directors, Officers, Employees and
Stockholders. No past, present or future director, officer, employee, incorporator or stockholder of the Debtor as such or any successor Person, as such, shall have any liability for any obligations of the Debtor under the Notes, the Collateral
Documents, this Agreement or for any claim based on, in respect of, or by reason of, such obligations or their creation. 
  

 26 

 Section 7.14 Trustee. U.S. BANK NATIONAL ASSOCIATION is acting hereunder solely in its
capacity as Trustee and collateral agent under the Indenture, and all of the rights of Trustee set forth in the Indenture shall apply to Trustee’s actions hereunder. To the extent this agreement contemplates payments by Secured Party, the
Trustee shall have no liability therefor. 
 [SIGNATURE PAGE FOLLOWS] 
  

 27 

 IN WITNESS WHEREOF, Debtor has caused this Security Agreement to be executed and delivered as of the date
first set forth above. 
  

							
	 DEBTOR:
	 		 	SHREVEPORT CAPITAL CORPORATION,
		 		 	a Louisiana corporation
				
		 		 	By:	 	 /s/ John C. Hull

		 		 	Name:	 	John C. Hull
		 		 	Title:	 	Chairman of the Board and President

 [Signature Page to Security Agreement (Shreveport Capital/Co-Issuer)] 
  

 1 

 EXHIBIT A 
 --------- 
 PERFECTION 
 ---------- 
  

	(a)	Legal Name of Debtor: 

 Shreveport Capital Corporation, a
Louisiana corporation 
  

	(b)	Other Names: 

 None 
 Chief Executive Office: 451 Clyde Fant Parkway, Shreveport, Louisiana 
  

							
	 Principal Place of Business:
	 		  		  	
			
		 	451 Clyde Fant Parkway, Shreveport, Louisiana	  	
		 	Caddo Parish, Louisiana	  		  	
		 	Bossier Parish, Louisiana	  		  	

  

	 	(ii)	Other Premises at which Collateral is Stored or Located: 

 None 
  

	 	(iii)	Locations of Records Concerning Collateral: 

  

							
		 	451 Clyde Fant Parkway, Shreveport, Louisiana	  	
		 	Caddo Parish, Louisiana	  		  	
		 	Bossier Parish, Louisiana	  		  	

  

	(d)	Federal Taxpayer Identification Number: 

 -------------------------------------- 
 75-2830167 
  

	(e)	Louisiana Organizational Identification Number: 34816712D 

  

 1 

 EXHIBIT B 
 INTELLECTUAL PROPERTY & LICENSES 
 NONE 
  

 1Amended and Restated Mortgage, dated as of July 21, 2005

 EXHIBIT 10.45 
  

					
	AMENDED AND RESTATED	  	*	  	UNITED STATES OF AMERICA
	MORTGAGE, LEASEHOLD MORTGAGE	  		  	
	AND ASSIGNMENTS OF	  		  	
	LEASES AND RENTS	  	*	  	STATE OF LOUISIANA
			
	BY	  	*	  	PARISH OF EAST BATON ROUGE
			
	ELDORADO CASINO SHREVEPORT	  		  	
	JOINT VENTURE	  		  	

 ***************************************************************************** 
 BE IT KNOWN, that on this 19th day of July, 2005, but effective as of July 21, 2005 before the undersigned Notary Public commissioned and qualified,
and in the presence of the undersigned witnesses, personally came and appeared: 
  

	 	 ELDORADO CASINO SHREVEPORT JOINT VENTURE, a 
 Louisiana general partnership (the “Mortgagor”), having a mailing 
 address of 345 North Virginia Street, Reno, Nevada
89501, Attention: Chief Financial Officer and a federal taxpayer identification number with the last four digits of 5563, appearing herein through its undersigned representative, duly authorized hereunto pursuant to the Confirmation Order and
Supplemental Order (both as defined herein), copies of which are attached hereto as Exhibit “A”, 

 who declared that Mortgagor
does by these presents declare and acknowledge an indebtedness unto: 
  

	 	 U.S. BANK NATIONAL ASSOCIATION, 
 As
indenture trustee and collateral agent (the “Trustee”) for the benefit of the holders of the Notes (as hereinafter defined) issued pursuant to that certain Amended and Restated Indenture dated as of July 21, 2005 (as amended,
supplemented, restated or 
 otherwise modified from time to time, the “Indenture”), by and among Mortgagor and Shreveport Capital
Corporation, as issuers (the “Issuers”), and Mortgagee (as hereinafter defined), as trustee and collateral agent, having a mailing address of 225 Asylum Street, 23rd Floor, Hartford, Connecticut 06103, Attention: Corporate Trust Services,
and a federal taxpayer identification number with the last four digits of 2500, 

 (in such agency capacity, and together with any
successor in such capacity, the “Mortgagee”), as Mortgagee for the benefit of the holders of those certain $140,000,000 in the aggregate principal amount of 10% First Mortgage Notes due 2012 (as the same may be amended, supplemented,
restated, exchanged, renewed, refinanced, replaced or otherwise modified from time to time, collectively, the “Notes,” and such holders the “Noteholders”) issued pursuant to the Indenture, which accepts this Mortgage (as
hereinafter defined). 

 RECITALS 
 A. Mortgagor, under its prior name Hollywood Casino Shreveport (“Original Mortgagor”) and Shreveport Capital Corporation, a Louisiana corporation (“Capital”, and together with the Original
Mortgagor, the “Original Issuers”), and certain Guarantors that are signatory thereto entered into an Indenture dated as of August 10, 1999 (the “Original 1999 Indenture”) with State Street Bank and Trust Company, a
Massachusetts trust company (in such capacity, the “Original 1999 Trustee”), as trustee, for the holders of the Original 1999 Notes (defined below) under the Original 1999 Indenture, pursuant to which the Original Issuers issued
$150,000,000 of their 13% First Mortgage Notes due 2006 with Contingent Interest (as amended, supplemented, restated, exchanged, replaced or otherwise modified from time to time, collectively, the “Original 1999 Notes”). 
 B. Original Issuers, and certain Guarantors that are signatory thereto entered into an Indenture dated as of June 15, 2001 (the “Original 2001
Indenture”) with State Street Bank and Trust Company, a Massachusetts trust company (in such capacity, the “Original 2001 Trustee”), as trustee, for the holders of the Original 2001 Notes (defined below) under the Original 2001
Indenture, pursuant to which the Original Issuers issued $39,000,000 of their 13% Senior Secured Notes due 2006 with Contingent Interest (as amended, supplemented, restated, exchanged, replaced or otherwise modified from time to time, collectively,
the “Original 2001 Notes”) The Original 1999 Notes and the Original 2001 Notes are collectively referred to as the “Original Notes”. The Original 1999 Indenture and the Original 2001 Indenture are collectively referred to as the
“Original Indentures”. 
 C. Trustee is successor by substitution to the Original 1999 Trustee and the Original 2001 Trustee and in
such capacity is the Secured Party under the Original Mortgages defined below. 
 D. To secure Original Issuers’ obligations under the
Original 1999 Indenture and the Original 1999 Notes, Original Mortgagor entered into, among other collateral grants, a Mortgage, Leasehold Mortgage and Assignment of Leases and Rents (“Original 1999 Mortgage”) dated on August 9, 1999
but effective as of August 10, 1999, pursuant to which Original Mortgagor granted to Trustee a lien and security interest in the Mortgaged Property defined therein. The lien and security interest granted under the Original 1999 Mortgage was
filed and recorded (i) in volume 985 page 881 of the mortgage registry of Bossier Parish, Louisiana on August 10, 1999 as registry no. 685272, and (ii) at volume 2890 page 212 of the mortgage registry as instrument no. 1667658 in the
Office of the Recorder of Caddo Parish, Louisiana on August 10, 1999. 
 E. To secure Original Issuers’ obligations under the
Original 2001 Indenture and the Original 2001 Notes, Original Mortgagor entered into, among other collateral grants, a Mortgage, Leasehold Mortgage and Assignment of Leases and Rents (“Original 2001 Mortgage”) dated on June 14, 2001
but effective as of June 15, 2001, pursuant to which Original 

  

					
		 	2	 	Amended and Restated Mortgage

 
Mortgagor granted to Trustee a lien and security interest in the Mortgaged Property defined therein. The lien and security interest granted under the
Original 2001 Mortgage was filed and recorded (i) in volume 1080 of the mortgage registry of Bossier Parish, Louisiana on June 15, 2001 as registry no. 725726 and (ii) as instrument no. 1755128 in the Office of the Recorder of Caddo
Parish, Louisiana on June 15, 2001. The Original 1999 Mortgage and the Original 2001 Mortgage are collectively referred to as the “Original Mortgages”. 
 F. On October 30, 2004, an order for relief was entered under Chapter 11 of the Bankruptcy Code against the Original Issuers and other related entities. Original Issuers’ administratively consolidated
chapter 11 cases were heard in the United States Bankruptcy Court for the Western District of Louisiana, Shreveport Division (the “Bankruptcy Court”), as chapter 11 case no. 04-13259. On July 6, 2005, the Bankruptcy Court entered its
order confirming the Joint Plan of Reorganization of the Original Issuers, HCS-Golf Course LLC and the Bondholder Committee Proposed July 6, 2005 (the “Confirmation Order”). Also on July 7, 2005, the Bankruptcy Court entered its
supplemental order attaching the omitted Exhibit A to the Confirmation Order (the “Supplemental Order”). 
 G. Pursuant to the
Confirmation Order, Mortgagor and Capital are authorized to execute the Indenture and new Notes to evidence the allowed claims of the Holders (as defined herein) of the Original Notes, and to amend, restate and consolidate into one the Original
Mortgages and other collateral documents executed and delivered in respect of the Original Notes and the Original Indentures. The Confirmation Order further provides that the liens and security interests created by the Original Mortgages are and
shall remain perfected first priority liens and security interests on all real property of Mortgagor described in the Original Mortgages as the same may be amended, restated and consolidated into this Mortgage pursuant to such Confirmation Order.
The Confirmation Order further holds that the real property of the Mortgagor and such first priority liens and security interests thereon pursuant to this Mortgage are and shall remain free and clear of the terms of the Pari Passu Intercreditor
Agreement and the FF&E Intercreditor Agreement, each dated as of June 15, 2001, each previously entered into by the Original 1999 Trustee and the Original 2001 Trustee. 
 H. In connection with the reorganization and pursuant to the Confirmation Order, Mortgagor’s general partners have entered into a Fourth Amended and
Restated Joint Venture Agreement for Eldorado Casino Shreveport Joint Venture, dated as of July 21, 2005 pursuant to which Mortgagor changed its name to Eldorado Casino Shreveport Joint Venture. 
 I. Mortgagor and Capital (collectively, the “Issuers”), have entered into the Indenture with the Trustee, pursuant to which the Issuers will
issue the Notes to evidence the Holders’ allowed claims in respect of the Original Notes. 
 J. In connection with the Indenture and the
Notes, Mortgagor is entering into this Mortgage to amend, restate and consolidate the Original Mortgages and to reaffirm, confirm and re-grant its prior grant of liens and security interests pursuant to this Mortgage and the Confirmation Order. This
Mortgage evidences the Original Mortgages as consolidated. 
 K. As a material inducement to the Noteholders to accept the Notes and to
Mortgagee to enter into the Indenture and in order to secure the full and punctual payment and 

  

					
		 	3	 	Amended and Restated Mortgage

 
performance of the Obligations (as hereinafter defined), Mortgagor has agreed to execute and deliver this Mortgage and to grant a mortgage lien and
assignment in and to the collateral described herein. 
 ARTICLE 1 
 PURPOSES; DEFINITIONS 
 1.1 Purposes. Mortgagor declares that this
Mortgage is granted to secure the due and punctual payment and performance of the Obligations (as hereinafter defined). This Mortgage may be construed and enforced variously or simultaneously as a mortgage, assignment, pledge or contract as may be
appropriate under applicable law from time to time in order to effectuate fully the purposes and agreements set forth herein. 
 The maximum
amount of the Obligations that may be outstanding at any time and from time to time that this Mortgage secures, including, without limitation, as an assignment of Space Leases (as hereinafter defined) and Rents (as hereinafter defined), is
$200,000,000, including all principal plus interest and any expenses and advances incurred by Mortgagee and all other amounts included within the Obligations secured hereunder. This Mortgage is and shall remain effective, even though the amount of
the Obligations secured hereunder may now be zero or may be reduced to zero, until all of the amounts, liabilities and obligations, present and future, comprising the Obligations have been incurred and are extinguished. When no Obligations exist and
Mortgagee is not bound to permit any Obligations to be incurred, this Mortgage may be terminated by Mortgagor in any manner permitted by this Mortgage or the Indenture. 
 1.2 Definitions. As used in this Mortgage, the following terms have the meanings hereinafter set forth: 
 “365(h) Election” has the meaning set forth in Section 8.14(f) hereof. 
 “Appurtenant Rights” means
all single tenements, hereditaments, rights (including all batture rights, rights of accretion and riparian rights), reversions, remainders, development rights, privileges, benefits, servitudes (including, without limitation, that certain Grant of
Right of Use (Personal Servitude) by the City of Shreveport in favor of Mortgagor dated as of May 20, 1999, recorded in the Conveyance Records of Caddo Parish, Louisiana on September 21, 1999 as Registry No. 1670766 and the Conveyance
Records of Bossier Parish, Louisiana on September 3, 1999 as Registry No. 686937, (the “Personal Servitude”), easements (in gross or appurtenant), rights-of-way, privileges, prescriptions, advantages, strips of land, streets,
ways, alleys, passages, sewer rights, water courses, water rights and powers, and all appurtenances whatsoever and claims or demands of Mortgagor at law or in equity in any way belonging, benefiting, relating, attaching or appertaining to the Land,
the airspace over the Land, the Improvements or any of the Mortgaged Property encumbered by this Mortgage, or which hereafter shall in any way belong, relate or be appurtenant thereto, whether now owned or hereafter acquired by Mortgagor.

 “Bankruptcy” means any proceeding under Bankruptcy Law. 
  

					
		 	4	 	Amended and Restated Mortgage

 “Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law for the relief
of debtors. 
 “Casino Ground Lease” means that certain Ground Lease dated as of May 19, 1999 by and between the City of
Shreveport, as landlord, and Mortgagor (formerly known as QNOV), as tenant, recorded on July 13, 1999, under Registry No. 1663803 of the records of Caddo Parish, Louisiana, and under Registry No. 683243 of the records of Bossier
Parish, Louisiana. 
 “Default” has the meaning set forth in Section 7.1 hereof. 
 “Environmental Laws” means any and all laws and Legal Requirements relating to environmental matters, pollution, or hazardous substances,
including: the Comprehensive Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C. (S)(S) 9601-9657; the Resource Conservation and Recovery Act of 1976, 42 U.S.C. (S)(S) 6901 et seq.; the Hazardous Materials Transportation Act
(49 U.S.C. (S)(S) 1801 et seq.); the Louisiana Environmental Quality Act, La. R.S. 30:2001-2376; the Louisiana Air Control Law, La. R.S. 30:2051-2063, the Louisiana Water Control Law, La. R.S. 30: 2071-2088; the Louisiana Hazardous Waste Control
Law, La. R.S. 30:2171-2207; the Louisiana Inactive and Abandoned Hazardous Waste Site Law, La. R.S. 30:2221-2226; the Liability for Hazardous Substance Remedial Action, La. R.S. 30:2271-2290; any other laws that may form the basis of any claim,
action, demand, suit, proceeding, hearing, or notice of violation that is based on or related to the generation, manufacture, processing, distribution, use, existence, treatment, storage, disposal, transport, or handling, or the emission, discharge,
release, or threatened release into the environment, of any hazardous substance, or other threat to the environment. 
 “Event of
Default” has the meaning set forth in Section 7.1 hereof. 
 “Governmental Authority” means any agency, authority,
board, bureau, commission, department, office, public entity, or instrumentality of any nature whatsoever of the United States federal or foreign government, any state, province or any city or other political subdivision or otherwise, whether now or
hereafter in existence, or any officer or official thereof, including, without limitation, any Gaming Authority. 
 “Ground Rent”
has the meaning set forth in Section 8.14(f) hereof. 
 “Hazardous Materials” means hazardous wastes, hazardous
substances, hazardous constituents, toxic substances or related materials, whether solids, liquids or gases, including but not limited to substances defined as “hazardous wastes,” “hazardous substances,” “toxic
substances,” “pollutants,” “contaminants,” chemicals known to cause cancer or reproductive toxicity, “radioactive materials,” or other similar designations in, or otherwise subject to regulation under any
Environmental Laws now or hereafter in effect. 
 “Holder” means a Person in whose name a Note is registered. 
 “Hollywood Riverboat” means that certain riverboat gaming vessel known as “Hollywood Dreams,” Official Number 1099497. 
  

					
		 	5	 	Amended and Restated Mortgage

 “Imposition” means any taxes, assessments, water rates, sewer rates, maintenance charges, other
governmental impositions and other charges now or hereafter levied or assessed or imposed against the Mortgaged Property or any part thereof. 
 “Improvements” means (1) all the buildings, structures, other constructions, facilities and improvements of every nature whatsoever now or hereafter situated on the Land or on any real or immovable property encumbered hereby,
and (2) all fixtures, machinery, appliances, goods, building or other materials, equipment, including without limitation all gaming equipment and devices, and all machinery, equipment, engines, appliances and fixtures for generating or
distributing air, water, heat, electricity, light, fuel or refrigeration, or for ventilating or sanitary purposes, or for the exclusion of vermin or insects, or for the removal of dust, refuse or garbage; all wall-beds, wall-safes, built-in
furniture and installations, shelving, lockers, partitions, doorstops, vaults, motors, elevators, dumb-waiters, awnings, window shades, venetian blinds, light fixtures, fire hoses and brackets and boxes for the same, fire sprinklers, alarm,
surveillance and security system, computers, drapes, drapery rods and brackets, mirrors, mantels, screens, linoleum, carpets and carpeting, plumbing, bathtubs, sinks, basins, pipes, faucets, water closets, laundry equipment, washers, dryers, ice-
boxes and heating units; all kitchen and restaurant equipment, including but not limited to silverware, dishes, menus, cooking utensils, stoves, refrigerators, ovens, ranges, dishwashers, disposals, water heaters, incinerators, furniture, fixtures
and furnishings, communication systems, and equipment; all cocktail lounge supplies, including but not limited to bars, glassware, bottles and tables used in connection with the Land; all chaise lounges, hot tubs, swimming pool heaters and equipment
and all other recreational equipment (computerized and otherwise), beauty and barber equipment, and maintenance supplies used in connection with the Land; all amusement rides and attractions attached to the Land, all specifically designed
installations and furnishings, and all furniture, furnishings and personal property of every nature whatsoever now or hereafter owned or leased by Mortgagor or in which Mortgagor has any rights or interest and located in or on, or attached to, or
used or intended to be used or which are now or may hereafter be appropriated for use on or in connection with the operation of the Land or any real or personal property encumbered hereby or any other Improvements, or in connection with any
construction being conducted or which may be conducted thereon, and all extensions, additions, accessions, improvements, betterments, renewals, substitutions, and replacements to any of the foregoing, and all of the right, title and interest of
Mortgagor in and to any such property, which, to the fullest extent permitted by law, shall be conclusively deemed fixtures and improvements and a part of the real or immovable property hereby encumbered. Without limiting the generality of the
foregoing, Improvements shall include: (i) any Vessel and its now existing or hereafter arising components and appurtenances, including, without limitation, the Hollywood Riverboat, to the extent such Vessel is or may be deemed to be a building
or a component part of a building, or otherwise to be an improvement to or on the Land or any other real or immovable property encumbered hereby; and (ii) all buildings, improvements and other constructions situated on the Land, and all
component parts of the Land, and all component parts of any building, improvement or other construction located on the Land, now or hereafter a part of or attached to the foregoing or used in connection therewith. 
  

					
		 	6	 	Amended and Restated Mortgage

 “Indemnified Parties” means Mortgagee, the Noteholders, and their respective officers,
directors, employees, agents, and attorneys. 
 “Insolvent” means with respect to any Person or entity, that such Person or entity
shall be deemed to be insolvent if he or it is unable to pay his or its debts as they become due and/or if the fair market value of his or its assets does not exceed his or its aggregate liabilities. 
 “Land” means the real property situated in the State of Louisiana, Parish of Bossier and/or Parish of Caddo, more specifically described in
Exhibit “B” attached hereto and incorporated herein by this reference, including any after acquired title thereto. 
 “Lease
Damage Claim” has the meaning set forth in Section 8.14(f). 
 “Lessor” has the meaning set forth in
Section 8.14(a). 
 “Legal Requirements” means all applicable restrictive covenants, applicable zoning and subdivision
ordinances and building codes, all applicable health and Environmental Laws and regulations, all applicable gaming laws and regulations, and all other applicable laws, ordinances, rules, regulations, judicial decisions, administrative orders, and
other requirements of any Governmental Authority having jurisdiction over Mortgagor, the Mortgaged Property and/or any Affiliate of Mortgagor, in effect either at the time of execution of this Mortgage or at any time during the term hereof,
including, without limitation, all Environmental Laws and Gaming Laws. 
 “Mortgage” means this Mortgage, Leasehold Mortgage and
Assignment of Leases and Rents, as it may be increased, amended, restated, supplemented or modified from time to time. 
 “Mortgaged
Property” means all of the property described in Section 2.1 hereof or, where the context permits or requires, any portion of thereof, and all or, where the context permits or requires, any interest therein. 
 “Mortgagee” means U.S. BANK NATIONAL ASSOCIATION, as trustee under the Indenture, and any substitute trustee designated from time to time under
the Indenture. 
 “Mortgagor” means Eldorado Casino Shreveport Joint Venture, a Louisiana general partnership, and includes not
only the original Mortgagor hereunder, but also any successors or assigns of the Mortgaged Property, or any part thereof, at any time and from time to time, as the case requires. 
 “Noteholders” means the holders of the Notes. 
 “Obligations” means (i) the indebtedness evidenced by the Notes in the principal sum of $140,000,000.00, interest (including post-petition interest) as set forth in the Indenture and the Notes, and
premiums, penalties, and late charges thereon; (ii) all other indebtedness and other sums (including, without limitation, all reasonable expenses, attorneys’ fees, other fees, indemnifications, reimbursements, damages, other monetary
liabilities, and other charges) and 

  

					
		 	7	 	Amended and Restated Mortgage

 
obligations that may or shall become due hereunder or under the Notes, the Indenture or the other Collateral Documents; and (iii) any and all renewals,
modifications, amendments, extensions for any period, supplements or restatements of any of the foregoing. 
 “Permits” means all
applicable authorizations, consents, licenses, approvals, identification numbers and permits required under Legal Requirements (including, without limitation, Environmental Laws) required for construction, operation and occupancy of the Mortgaged
Property. 
 “Permitted Liens” has the meaning set forth in the Security Agreement. 
 “Proceeds” has the meaning assigned to it under the UCC and, in any event, shall include but not be limited to (i) any and all proceeds of
any insurance (including without limitation property casualty and title insurance), indemnity, warranty or guaranty payable from time to time with respect to any of the Mortgaged Property (including without limitation, proceeds attributable to the
insurance loss of the Land, the Improvements and the Appurtenant Rights as provided under La. R.S. 9:5386); (ii) any and all proceeds in the form of accounts, security deposits, tax escrows (if any), down payments (to the extent the same may be
pledged under applicable law), collections, contract rights, documents, instruments, chattel paper, liens and security instruments, guarantees or general intangibles relating in whole or in part to the Shreveport Resort and all rights and remedies
of whatever kind or nature Mortgagor may hold or acquire for the purpose of securing or enforcing any obligation due Mortgagor thereunder; (iii) any and all payments in any form whatsoever made or due and payable from time to time in connection
with any requisition, confiscation, condemnation, seizure or forfeiture of all or any part of the Mortgaged Property by any Governmental Authority; (iv) subject to the absolute assignment contained herein, the Rents or other benefits arising
out of, in connection with or pursuant to any Space Lease of the Mortgaged Property; and (v) any and all other amounts from time to time paid or payable in connection with any of the Mortgaged Property. 
 “Rents” means all rents, room revenues, income, receipts, issues, profits, revenues and maintenance fees, room, food and beverage revenues,
license and concession fees, proceeds and other benefits to which Mortgagor may now or hereafter be entitled from the Land, the Improvements, the Space Lease or any property encumbered hereby or any business or other activity conducted by Mortgagor
at the Land or the Improvements. 
 “Security Agreement” means that certain Amended and Restated Security Agreement dated as of the
date hereof by Mortgagor in favor of Mortgagee. 
 “Space Leases” means any and all present and future leases, subleases, lettings,
licenses, concessions, operating agreements, management agreements, and all other agreements affecting the Mortgaged Property that Mortgagor has entered into, taken by assignment, taken subject to, or assumed, or has otherwise become bound by, now
or in the future, that give any Person the right to conduct its business on, or otherwise use, operate or occupy, all or any portion of the Land or Improvements, and all guaranties, letters of credit or other credit enhancement documents of any of
the foregoing, and any leases, agreements or arrangements permitting anyone to enter upon or use any of the Mortgaged Property to extract or remove natural 

  

					
		 	8	 	Amended and Restated Mortgage

 
resources of any kind, together with all amendments, extensions, and renewals of the foregoing entered into in compliance with this Mortgage, together with
all rental, occupancy, service, maintenance or any other similar agreements pertaining to use or occupation of, or the rendering of services of the Land, the Improvements or any part thereof. 
 “Space Lessee(s)” means any and all present and future tenants, licensees, or other grantees of the Space Leases and any and all guarantors,
sureties, endorsers or others having primary or secondary liability with respect to such Space Lease. 
 “UCC” means the Uniform
Commercial Code as enacted in the State of Louisiana, as amended from time to time. 
 “Vessel” means any vessel and its now
existing or hereafter arising components and appurtenances, including, without limitation, Hollywood Riverboat, and all other riverboat gaming vessels or other vessels now or hereafter owned by Mortgagor. 
 1.3 Undefined Terms. Any capitalized terms used in this Mortgage which are not otherwise defined herein shall have the meaning ascribed to such
terms in the Indenture. 
 1.4 Amendment of Defined Instruments. Unless the context otherwise requires or unless otherwise provided
herein, references in this Mortgage to a particular agreement, instrument or document also refer to and include all renewals, extensions, amendments, modifications, supplements or restatements of any such agreement, instrument or document; provided
that nothing contained in this Section shall be construed to authorize any Person to execute or enter into any such renewal, extension, amendment, modification, supplement or restatement. 
 ARTICLE 2 
 LIENS AND SECURITY INTEREST 
 2.1 Hypothecation. FOR THE PURPOSE OF SECURING in favor of Mortgagee and its successors and assigns for the benefit of the Noteholders the due and
punctual payment and performance of all Obligations (including, but not limited to, future Obligations), Mortgagor, in consideration of the premises, and for the purposes aforesaid, does hereby CONFIRM AND REAFFIRM ITS PRIOR GRANTS UNDER THE
ORIGINAL MORTGAGES AND FURTHER MORTGAGE, ASSIGN, BARGAIN, PLEDGE, RELEASE, HYPOTHECATE AND WARRANT UNTO MORTGAGEE AND ITS SUCCESSORS AND ASSIGNS AS COLLATERAL AGENT FOR THE BENEFIT OF THE NOTEHOLDERS all of Mortgagor’s estate, right, title and
interest whether now owned or hereafter acquired, whether as owner, lessor, lessee, or otherwise, and whether vested or contingent, and including all of Mortgagor’s rights to perform all obligations under and to receive the benefits of any
leases, in and to all of the following described land (immovable property) and interests in land (immovable property), leases, leasehold interests, estates, servitudes, rights, buildings, other constructions, improvements, property, fixtures,
component parts, machinery and equipment to the full extent that such property is susceptible of mortgage under the Louisiana Civil Code, Louisiana Revised Statutes, and other provisions of Louisiana law; grants a continuing security interest in
favor of 

  

					
		 	9	 	Amended and Restated Mortgage

 
Mortgagee and its successors and assigns, as secured party for the benefit of the Noteholders, in all property and rights described below, whether now owned
or hereafter acquired that are susceptible of a security interest under the UCC or any other provision of Louisiana law; and does further affect, hypothecate, pledge and assign unto and in favor of Mortgagee and its successors and assigns, for the
benefit of the Noteholders, all present and future leases and rents, as well as all other property and rights described below, whether now owned or hereafter acquired, that are susceptible of assignment under the UCC or any other provision of
Louisiana law: 
 (A) The entire Casino Ground Lease, including without limitation, all of Mortgagor’s present and future right, title
and interest, as such may be amended from time to time, in, to and under the Casino Ground Lease, and any other lease and sublease agreements and amendments thereof, affecting the Land, together with Mortgagor’s right, title, and interest in
the buildings and other constructions and improvements on the leased premises and the component parts thereof; 
 (B) TOGETHER WITH the
Improvements; 
 (C) TOGETHER WITH all Appurtenant Rights; 
 (D) TOGETHER WITH (i) all the estate, right, title and interest of Mortgagor of, in and to all judgments and decrees, insurance proceeds (including without limitation, the right to receive proceeds attributable
to the insurance loss of the Land, the Improvements and the Appurtenant Rights, all as provided in La. R.S. 9:5386), awards of damages and settlements hereafter made resulting from condemnation proceedings or the taking of any of the property
described in Granting Clauses (A), (B) and (C) hereof or any part thereof under the power of eminent domain, or for any damage (whether caused by such taking or otherwise) to the property described in Granting Clauses (A), (B) and
(C) hereof or any part thereof, or to any Appurtenant Rights thereto, and Mortgagee is hereby authorized, subject to the provisions and limitations contained in the Indenture, to collect and receive said awards and proceeds and to give proper
receipts and acquittance therefor, and (subject to the terms hereof) to apply the same toward the payment of the Obligations, notwithstanding the fact that the amount owing thereon may not then be due and payable; (ii) subject to the provisions
and limitations contained in the Indenture, all proceeds of any sales or other dispositions of the property or rights described in Granting Clause (A), (B) and (C) hereof or any part thereof whether voluntary or involuntary, provided,
however, that the foregoing shall not be deemed to permit such sales, transfers, or other dispositions except as specifically permitted herein; and (iii) subject to the provisions and limitations contained in the Indenture, whether arising from
any voluntary or involuntary disposition of the property described in Granting Clauses (A), (B) and (C), all Proceeds, products, replacements, additions, substitutions, renewals and accessions, remainders, reversions and after-acquired interest
in, of and to such property; 
 (E) TOGETHER WITH the absolute assignment of any Space Leases or any part thereof that Mortgagor has entered
into, taken by assignment, taken subject to, or assumed, or has otherwise become bound by, now or in the future, together with all of the following (including all “Cash Collateral” within the meaning of the Bankruptcy Law) arising from the

  

					
		 	10	 	Amended and Restated Mortgage

 
Space Leases: (a) Rents (subject, however, to the aforesaid absolute assignment to Mortgagee and the conditional permission hereinbelow given to
Mortgagor to collect the Rents), (b) all security deposits, and (c) all of Mortgagor’s right, title, and interest under the Space Leases, including the following: (i) the right to receive and collect the Rents from the lessee,
sublessee, guarantors thereof or licensee, or their Successor(s), under any Space Lease(s) and (ii) the right to enforce against any tenants thereunder and otherwise any and all remedies under the Space Leases, including Mortgagor’s right
to evict from possession any tenant thereunder or to retain, apply, use, draw upon, pursue, enforce or realize upon any guaranty of any Space Lease; to terminate, modify, or amend the Space Leases; to obtain possession of, use, or occupy, any of the
real or personal property subject to the Space Leases; and to enforce or exercise, whether at law or in equity or by any other means, all provisions of the Space Leases and all obligations of the tenants thereunder and guarantors thereof based upon
(A) any breach by any such tenant or guarantor thereof under the applicable Space Lease (including any claim that Mortgagor may have by reason of a termination, rejection, or disaffirmance of such Space Lease pursuant to any Bankruptcy Law) and
(B) the use and occupancy of the premises demised, whether or not pursuant to the applicable Space Lease (including any claim for use and occupancy arising under landlord-tenant law of the State of Louisiana or any Bankruptcy Law); 

Notwithstanding anything to the contrary contained herein, the foregoing provisions of this Paragraph (E) shall not constitute an assignment for
purposes of security but shall constitute an absolute and present assignment of the Rents to Mortgagee, subject, however, to the conditional license given to Mortgagor to collect and use the Rents as hereinabove provided; and the existence or
exercise of such right of Mortgagor shall not operate to subordinate this assignment to any subsequent assignment, in whole or in part, by Mortgagor; 
 (F) TOGETHER WITH, to the extent permitted by applicable law, all of Mortgagor’s right, title, and interest in and to any and all licenses, permits, variances, special permits, franchises, certificates, rulings,
certifications, validations, exemptions, filings, registrations, authorizations, consents, approvals, waivers, orders, rights and agreements (including, without limitation, options, option rights and contract rights) now or hereafter obtained by
Mortgagor from any Governmental Authority having or claiming jurisdiction over the Land, the Improvements, the Shreveport Resort, or any other element of the Mortgaged Property or providing access thereto, or the operation of any business on, at, or
from the Land; 
 (G) TOGETHER WITH all of Mortgagor’s right, title and interest in and to all water stock, water permits and other
water or riparian rights relating to the Land; 
 (H) TOGETHER WITH all of Mortgagor’s rights, title and interest in and to oil and gas
and other mineral rights, if any, in or pertaining to the Land and all royalty, leasehold and other rights of Mortgagor pertaining thereto; 
 (I) TOGETHER WITH any and all monies and other property, real or personal, which may from time to time be subjected to the lien hereof by Mortgagor or by anyone on its behalf or with its consent, or which may come into the possession or be
subject to the control of Mortgagee pursuant to this Mortgage or any Collateral Document, including, without limitation, any protective advances under this Mortgage (provided that the maximum 

  

					
		 	11	 	Amended and Restated Mortgage

 
amount of principal secured does not exceed the amount set forth in Section 1.1 hereof); and all of the Mortgagor’s right, title, and
interest in and to all extensions, improvements, betterments, renewals, substitutes for and replacements of, and all additions, accessions, and appurtenances to, any of the foregoing that Mortgagor may subsequently acquire or obtain by any means, or
construct, assemble, or otherwise place on any of the Mortgaged Property, and all conversions of any of the foregoing; it being the intention of Mortgagor that all property hereafter acquired by Mortgagor and required by any Collateral Document or
this Mortgage to be subject to the lien of this Mortgage or intended so to be shall forthwith upon the acquisition thereof by Mortgagor be subject to the lien of this Mortgage as if such property were now owned by Mortgagor and were specifically
described in this Mortgage and granted hereby or pursuant hereto, and Mortgagee is hereby authorized, subject to Gaming Laws, to receive any and all such property as and for additional security for the obligations secured or intended to be secured
hereby. Mortgagor agrees to take any action as may reasonably be necessary to evidence and perfect such liens or security interests, including, without limitation, the execution of any documents necessary to evidence and perfect such liens or
security interests; 
 (J) TOGETHER WITH Proceeds of the foregoing property described in Granting Clauses (A) through (I) and
Proceeds of any and all Gaming Licenses even if such Gaming Licenses are not subject to the liens granted hereunder; 
 (K) TOGETHER WITH
(i) Mortgagor’s rights further to assign, sell, lease, encumber or otherwise transfer or dispose of the property described in Granting Clause (A) through (J) inclusive, above, for debt or otherwise, except to the extent expressly
reserved by Mortgagor pursuant to the Indenture; and 
 (L) EXPRESSLY EXCLUDING, HOWEVER, any of the foregoing property that is, pursuant to
restrictions enforceable under applicable law, prohibited from being pledged as security or mortgaged property; provided that, with respect to this clause (L), upon the termination of such prohibitions for any reason whatsoever or in the event such
prohibitions are or become unenforceable under applicable law, such foregoing property shall automatically become “Mortgaged Property” hereunder, it being understood that upon request of Mortgagee, Mortgagor will in good faith use
reasonable efforts to obtain consent for the creation of a mortgage and security interest in favor of Mortgagee in Mortgagor’s rights in such property referred to in this clause (L). 
 So long as no Event of Default shall occur and be continuing, all dividends, distributions, interest and principal payments, cash, instruments, and other
property and proceeds made upon or with respect to or of the Mortgaged Property (including Rents) may be used by the Mortgagor subject to the terms and conditions of the Indenture. Upon the occurrence and during the continuance of an Event of
Default, all rights of the Mortgagor to receive all dividends, distributions, interest or principal payments, cash, instruments and other property and proceeds (including Rents) shall cease and such dividends, distributions, interest and principal
payments, cash, instruments and other property and proceeds (including Rents) shall be paid or otherwise delivered to the Mortgagee. 
  

					
		 	12	 	Amended and Restated Mortgage

 Mortgagor, for itself and its successors and assigns, covenants and agrees to and with Mortgagee that, at
the time or times of the execution of and delivery of these presents or any instrument of further assurance with respect thereto, Mortgagor has good right, full power and lawful authority to assign, grant, convey, warrant, transfer, bargain or sell
its interests in the Mortgaged Property in the manner and form as aforesaid, and that the Mortgaged Property is free and clear of all liens and encumbrances whatsoever, except the Permitted Liens, and Mortgagor shall warrant and forever defend the
Mortgaged Property in the quiet and peaceable possession of Mortgagee and its successors and assigns against all and every Person or Persons lawfully or otherwise claiming or to claim the whole or any part thereof, except for the Permitted Liens.
Mortgagor agrees that any greater title to the Mortgaged Property hereafter acquired by Mortgagor during the term hereof, including without limitation, the acquisition of the lessor’s interest under the Casino Ground Lease (if permitted by
Mortgagee and the Indenture), or any other estate, title or interest in the premises covered by such lease, shall be automatically subject hereto without the need for any further mortgage, assignment, amendment, supplement, or other writing.
Mortgagor agrees that Mortgagee is acting as collateral agent for the Noteholders. With respect to the Proceeds of insurance referred to in this Section 2.1, this Mortgage is a collateral assignment thereof pursuant to La. R.S.
§9:5386 et seq., whether such insurance Proceeds now exist or arise in the future, and the Mortgagor does hereby irrevocably appoint Mortgagee, for the benefit of the Noteholders as the true and lawful mandatory and attorney in fact of
Mortgagor to carry out and enforce all of Mortgagor’s right, title and interest in and to any or all of the insurance Proceeds hereby collaterally assigned. 
 2.2 Mortgagor’s License to Collect Rents Until Default. Mortgagor and Mortgagee agree that this Mortgage is an absolute and present assignment of Space Leases and Rents. Prior to the occurrence and
continuance of an Event of Default, Mortgagor shall have the right under a license granted hereby and Mortgagee hereby grants to Mortgagor a license (but limited by the remedies of Mortgagee set forth herein and in the Indenture) to collect, but not
more than one (1) month in advance, all of the Rents due or to become due under the Space Leases, and, subject to the restrictions set forth in the Indenture, if any, to exercise the rights of landlord under the Space Leases. The license
granted hereby may be revoked at Mortgagee’s option upon written notice from Mortgagee to Mortgagor after the occurrence and during the continuance of an Event of Default. Mortgagor hereby agrees with Mortgagee that the other parties under the
Space Leases may, upon notice from Mortgagee of the occurrence of an Event of Default that is then continuing, thereafter pay direct to Mortgagee the Rents due and to become due under the Space Leases and attorn all other obligations thereunder
directly to Mortgagee without any obligation on their part to determine whether an Event of Default does in fact exist. Additionally, upon the occurrence and during the continuance of an Event of Default, Mortgagor hereby constitutes and appoints
Mortgagee its true and lawful attorney-in-fact with full power of substitution to collect Rents and other sums due and to become due under the Space Leases and to endorse, either in the name of Mortgagor or in the name of Mortgagee, any check made
payable to Mortgagor or any assumed business name of Mortgagor representing Rents and other sums due and to become due under the Space Leases. Following the occurrence and during the continuance of an Event of Default and the acceleration of the
Notes, any such Rent and other sums shall be applied in accordance with the provisions of the Indenture. It is understood and agreed that this power is coupled with an interest which cannot be revoked. The assignment of Space Leases and the Rents
due thereunder described in this Section is, and is intended to be, an assignment from Mortgagor to Mortgagee made in accordance with and to the fullest extent permitted by La. R.R. §9:4401. 
  

					
		 	13	 	Amended and Restated Mortgage

 ARTICLE 3 
 REPRESENTATIONS AND WARRANTIES OF MORTGAGOR 
 Mortgagor hereby unconditionally represents and
warrants to Mortgagee as follows: 
 3.1 General Representations and Warranties. Mortgagor represents and warrants that:
(a) pursuant to the Casino Ground Lease, Mortgagor has a valid and enforceable leasehold interest in and to the Land, the Appurtenant Rights and other immovable property covered by the Casino Ground Lease and has or will have good and valid
title to the Improvements constructed or to be constructed thereon so long as such Casino Ground Lease is in full force and effect, subject to the Permitted Liens; (b) the Space Leases, the Rents and the other Mortgaged Property, are free and
clear of all encumbrances except Permitted Liens, and that it has the right to hold, occupy and enjoy its interest in the Mortgaged Property, and has good right, full power and lawful authority to subject the Mortgaged Property to the Lien of this
Mortgage and pledge the same as provided herein and Mortgagee may at all times peaceably and quietly enter upon, hold, occupy and enjoy the entire Mortgaged Property in accordance with the terms hereof; (c) Mortgagor is not Insolvent and no
bankruptcy proceedings are pending or contemplated by or, to the best of Mortgagor’s knowledge, against Mortgagor; (d) the Land has frontage on, and direct access for ingress and egress to dedicated street(s); (e) no material part of
the Mortgaged Property has been damaged, destroyed, condemned or abandoned; (f) no part of the Mortgaged Property is the subject of condemnation proceedings, and Mortgagor has no knowledge of any contemplated or pending condemnation proceeding
with respect to any portion of the Mortgaged Property; (g) the Mortgaged Property and all activities thereon are in compliance in all material respects with all applicable zoning and land use ordinances and regulations, building codes, and fire
codes; and (h) the execution delivery and performance of this Mortgage does not require any consent under, and will not contravene any provision of or cause a default under, the Casino Ground Lease. 
 3.2 Space Leases. 
 Mortgagor
represents and warrants that: (i) Mortgagor has delivered to Mortgagee true, correct and complete copies of all Space Leases, including all amendments and modifications, written or oral existing of the date hereof; (ii) Mortgagor has not
executed or entered into any modifications or amendments of the Space Leases, either orally or in writing, other than amendments that have been disclosed to Mortgagee in writing; (iii) to the best of its knowledge, no material default now
exists under any Space Lease; (iv) to the best of its knowledge, no event has occurred that, with the giving of notice or the passage of time or both, would constitute such a material default or would entitle Mortgagor or any other party under
such Space Lease to cancel the same or otherwise avoid its obligation; (v) Mortgagor has not accepted prepayments of installments of Rent under any Space Leases, except for security deposits not in excess of one month’s Rent;
(vi) except for the assignment effected hereby, Mortgagor has not executed any assignment or pledge of any of Space Leases, the Rents, or of Mortgagor’s right, title and interest 

  

					
		 	14	 	Amended and Restated Mortgage

 
in the same; and (vii) this Mortgage conforms and complies with all Space Leases, does not constitute a violation or default under any Space Lease, and
is and shall at all times constitute a valid lien on Mortgagor’s interests in the Space Leases. 
 ARTICLE 4 
 AFFIRMATIVE COVENANTS 
 Mortgagor
hereby unconditionally covenants and agrees with Mortgagee as follows: 
 4.1 Compliance with Legal Requirements. Mortgagor shall
promptly, fully, and faithfully comply in all material respects with all Legal Requirements and shall cause all portions of the Mortgaged Property and its use and occupancy to fully comply in all material respects with Legal Requirements at all
times. 
 4.2 Condemnation. Immediately upon obtaining knowledge of the institution of any proceedings for the condemnation of the
Mortgaged Property or any portion thereof, Mortgagor shall notify Mortgagee of the pendency of such proceedings. Mortgagee is hereby authorized, at its option, to commence, appear in and prosecute in its own or Mortgagor’s name any action or
proceeding relating to any condemnation, seizure or taking by the exercise of the power of eminent domain of any material portion of the Mortgaged Property and to settle or compromise any claim in connection therewith, and Mortgagor hereby appoints
Mortgagee as its attorney-in-fact to take any action in Mortgagor’s name pursuant to Mortgagee’s rights hereunder. Mortgagor from time to time shall execute and deliver to Mortgagee all instruments requested by it to permit such
participation; provided, however, that such instruments shall be deemed as supplemental to the foregoing grant of permission to Mortgagee, and unless otherwise required, the foregoing permission shall, without more, be deemed sufficient to permit
Mortgagee to participate in such proceedings on behalf of Mortgagor. All such compensation awards, damages, claims, rights of action and Proceeds, and any other payments or relief, and the right thereto, are included in the Mortgaged Property. To
the extent such condemnation, seizure or taking constitutes an Event of Loss, Mortgagee, after deducting therefrom all its reasonable expenses, including reasonable attorneys’ fees, shall, or shall authorize Mortgagor to, apply such Proceeds in
accordance with the provisions of the Indenture. 
 4.3 Lien Status. Mortgagor will protect the Lien and security interest status
(subject to Permitted Liens) of this Mortgage and, except to the extent permitted by the provisions of the Indenture or hereunder, will not place, or permit to be placed, or otherwise mortgage, hypothecate or encumber the Mortgaged Property with,
any other Lien or security interest of any nature whatsoever (statutory, constitutional or contractual) regardless of whether same is allegedly or expressly inferior to the Lien and security interest created by this Mortgage, and, if any such Lien
or security interest is asserted against the Mortgaged Property (unless such Lien or encumbrance constitutes a Permitted Lien), Mortgagor will promptly, at its own cost and expense, (a) pay the underlying claim in full or take such other action
so as to cause the same to be released or bonded around and (b) within five (5) days from the date such Lien or security interest is so asserted, give Mortgagee notice of such Lien or security interest. Such notice shall specify who is
asserting such Lien or security interest and shall detail the origin and nature of the underlying claim giving rise to such asserted Lien or security interest. 
  

					
		 	15	 	Amended and Restated Mortgage

 4.4. Payment of Impositions. Mortgagor will duly pay and discharge, or cause to be paid and
discharged, all material Impositions not later than the day any fine or penalty may be added thereto or imposed, except such as are contested in good faith and by appropriate proceedings or where the failure to effect such payment is not adverse in
any material respect to the Noteholders; provided, however, that Mortgagor may, if permitted by law and if such installment payment would not create or permit the filing of a Lien against the Mortgaged Property, pay such Impositions in installments
whether or not interest shall accrue on the unpaid balance of such Impositions. 
 4.5. Repair. Mortgagor will keep the Mortgaged
Property in good condition, ordinary wear and tear excepted, and will make all necessary repairs, replacements, renewals, betterments and improvements and alterations thereof and thereto, interior and exterior, structural and non-structural,
ordinary and extraordinary, foreseen and unforeseen all as in the judgment of the Mortgagor may be reasonably necessary for the proper conduct of the business carried in connection therewith, provided that nothing in this Section 4.5
shall prevent the Mortgagor from discontinuing the maintenance of any of such properties if such discontinuance is, in the judgment of the Mortgagor, desirable in the conduct of the business of the Mortgagor and its Subsidiaries taken as a whole.
Notwithstanding the foregoing, nothing contained in this Section 4.5 shall limit the right of the Mortgagor to dispose of properties in any manner otherwise permitted by the Indenture. 
 4.6. Insurance. Mortgagor will obtain and maintain insurance upon and relating to the Mortgaged Property insuring against personal injury and
death, loss by fire and such other hazards, casualties and contingencies (including business interruptions insurance and builder’s all risk coverage) in accordance with the Indenture. 
 4.7. Application of Insurance Proceeds. The proceeds of the insurance of Mortgagor shall be applied in accordance with the provisions of the
Indenture. 
 4.8. Performance of Leases. Mortgagor covenants (a) not to assign or grant a security interest in and to any of the
Space Leases to any party other than Mortgagee without the prior written consent of Mortgagee, (b) at the request of Mortgagee, to execute and deliver all such further assurances and assignments in and to the Mortgaged Property as Mortgagee
shall from time to time reasonably require, and (c) to deliver to Mortgagee copies of all Space Leases, regardless of whether such Space Leases were or are executed before or after the date hereof. 
 4.9. Inspection. Mortgagor, at all reasonable times during regular business hours and upon reasonable prior notice, will permit the Mortgagee and
its agents, representatives and employees to inspect the Mortgaged Property (excluding restricted areas to which their access is prohibited by applicable gaming regulations), provided that nothing set forth herein will limit non-intrusive access of
Mortgagee and its agents, representatives and employees to public facilities at any time that the same are open to the public. 
  

					
		 	16	 	Amended and Restated Mortgage

 4.10. Books and Records. Mortgagor will maintain full and accurate books of account and other
records reflecting in all material respects the results of its operations of the Mortgaged Property. At any time and from time to time Mortgagor shall deliver to Mortgagee such other financial data as Mortgagee shall reasonably request with respect
to the ownership, maintenance, use and operation of the Mortgaged Property, and Mortgagee shall have the right, at reasonable times and upon reasonable notice, to examine and make copies or extracts of Mortgagor’s books of account and records
relating to the Mortgaged Property. 
 4.11. Maintenance of Rights of Way, Servitudes, and Licenses. Mortgagor will maintain,
preserve, and renew all rights of way, servitudes, easements, grants, privileges, licenses and franchises reasonably necessary for the use of the Mortgaged Property from time to time. Mortgagor shall comply in all material respects with all
restrictive covenants that may at any time affect the Mortgaged Property, zoning ordinances and other public or private restrictions as to the use of the Mortgaged Property. 
 (a) Mortgagor shall (i) comply in all material respects with all applicable Environmental Laws and obtain, keep and comply with Permits applicable
to the operations of Mortgagor and the ownership, lease, or use of any Mortgaged Property; (ii) use commercially reasonable efforts to cause all Persons occupying any Mortgaged Property to comply with all such Environmental Laws and Permits;
(iii) keep or cause to be kept all such Mortgaged Property free and clear of any Liens imposed pursuant to such Environmental Laws; and (iv) obtain and renew all material Permits required for ownership or use of any Mortgaged Property.

 (b) Mortgagor shall conduct any investigation, study, sampling and testing, and undertake any cleanup, removal, remedial or other action
necessary to remove and cleanup all Hazardous Materials from any Mortgaged Property in accordance in all material respects with the requirements of all applicable Environmental Laws and any Legal Requirements. 
 4.12. Environmental Indemnification and Hold Harmless. 
 (a) Mortgagor agrees to defend, indemnify and hold harmless the Indemnified Parties from and against any and all claims, demands, judgments, settlements, damages, actions, causes of action, injuries, administrative
orders, consent agreements and orders, liabilities, penalties, costs, including but not limited to any cleanup costs, mediation costs, response costs, and all expenses of any kind whatsoever, including claims arising out of loss of life, injury to
persons, property, or business or damage to natural resources in connection with the activities of Mortgagor, its predecessors in interest, third parties who have trespassed on the Mortgaged Property, or parties in a contractual relationship with
Mortgagor, or any of them, whether or not occasioned wholly or in part by any condition, accident or event caused by any act or omission of Indemnified Parties, which: (i) arises out of the actual, alleged or threatened migration, spill, leach,
pour, empty, inject, discharge, dispersal, release, storage, treatment, generation, disposal or escape of pollutants or other toxic or hazardous substances, including any solid, liquid, gaseous or thermal irritant or contaminant, including smoke,
vapor, soot, fumes, acids, alkalis, chemicals, and waste (including materials to be recycled, reconditioned or reclaimed); or (ii) actually or allegedly arises out of the use, specification, or inclusion of any product, material or process
containing chemicals, the failure to detect the existence or proportion of chemicals in the 

  

					
		 	17	 	Amended and Restated Mortgage

 
soil, air, surface water or ground water, or the performance or failure to perform the abatement of any pollution source or the replacement or removal of any
soil, water, surface water, or ground water containing chemicals; (iii) arises out of the breach of any covenant, warranty, or representation of Mortgagor as it relates to the provisions of this Section 4.12; or (iv) arises out
of a judicial or administrative action brought pursuant to any Environmental Law that relates to the Mortgaged Property. 
 (b) Mortgagor,
its successors and assigns, shall bear, pay and discharge when and as the same become due and payable, any and all such judgments or claims for damages, penalties or otherwise against Indemnified Parties, shall hold Indemnified Parties harmless for
those judgments or claims, and shall assume the burden and expense of defending all suits, administrative proceedings, and negotiations of any description with any and all persons, political subdivisions or Governmental Authorities arising out of
indemnified matters as set forth in Section 4.12(a) above. 
 (c) Mortgagor’s indemnifications and representations made
herein shall survive any termination or expiration of the documents relating to the Notes and/or the repayment of the Obligations, including, but not limited to, any foreclosure under this Mortgage or deed-in-lieu of foreclosure, it being understood
and agreed that the indemnity given herein is independent of the Obligations and the Notes, the Indenture, the Guarantees or any of the Collateral Documents. 
 4.13 Further Assurances. 
 (a) At its sole cost and without expense to Mortgagee, Mortgagor shall do,
execute, acknowledge and deliver any and all such further reasonable acts, deeds, conveyances, notices, requests for notices, financing statements, continuation statements, certificates, assignments, notices of assignments, agreements, instruments
and further assurances, and shall mark any chattel paper, deliver any chattel paper or instruments to Mortgagee, and take any other actions that are reasonably necessary, prudent, or requested by Mortgagee to perfect or continue the perfection and
first priority of Mortgagee’s security interest in the Mortgaged Property, to protect the Mortgaged Property against the rights, claims, or interests of third Persons other than holders of Permitted Liens, or to effect the purposes of this
Mortgage, including the security agreement and the absolute assignment of Rents contained herein, or for the filing, registering or recording thereof. 
 (b) Mortgagor shall forthwith upon the execution and delivery of this Mortgage, and thereafter from time to time, cause this Mortgage and each instrument of further assurance to be filed, indexed, registered,
recorded, given or delivered in such manner and in such places as may be required by any present or future law in order to publish notice of and fully to protect the lien hereof upon, and the title of Mortgagee to, the Mortgaged Property.

 (c) To the extent that any payments on the Obligations or proceeds of the Mortgaged Property are subsequently invalidated, declared to be
fraudulent or preferential, set aside, or required to be repaid to a trustee, debtor in possession, receiver or other Person under any Bankruptcy Law, common law or equitable cause, then to such extent the Obligations so satisfied shall be revived
and continue as if such payment or proceeds had not been received by 

  

					
		 	18	 	Amended and Restated Mortgage

 
Mortgagee, and Mortgagee’s security interests, rights, powers and remedies hereunder shall continue in full force and effect. In such event, this
Mortgage shall be automatically reinstated if it shall theretofore have been terminated pursuant hereto. 
 4.14 Mortgagee’s Cure of
Mortgagor’s Default. If Mortgagor defaults in the payment of any tax, assessment, lien, encumbrance or other Imposition, in its obligation to furnish insurance hereunder, or in the performance or observance of any other covenant, condition
or term of this Mortgage or any Collateral Document, unless Mortgagor is contesting such Imposition in accordance with the Indenture, Mortgagee may, but is not obligated to, in order to preserve its interest in the Mortgaged Property, perform or
observe the same, and all payments made (whether such payments are regular or accelerated payments) and reasonable costs and expenses incurred or paid by Mortgagee in connection therewith shall become due and payable immediately. The amounts so
incurred or paid by Mortgagee, together with interest thereon at the rate applicable to overdue principal pursuant to the Indenture from the date incurred until paid by Mortgagor, shall be added to the Obligations and secured by the lien of this
Mortgage. Mortgagee is hereby empowered to enter and to authorize others to enter upon the Land or any part thereof for the purpose of performing or observing any such defaulted covenant, condition or term, without thereby becoming liable to
Mortgagor or any Person in possession holding under Mortgagor. No exercise of any rights under this Section by Mortgagee shall cure or waive any Default or Event of Default or notice of default hereunder or invalidate any act done pursuant hereto or
to any such notice, but shall be cumulative of all other rights and remedies. 
 4.15 Defense of Actions. Mortgagor shall appear in
and defend any action or proceeding affecting or purporting to affect the security hereof or the rights or powers of Mortgagee, and shall pay all reasonable costs and expenses, including cost of title search and insurance or other evidence of title,
preparation of survey, and reasonable attorneys’ fees in any such action or proceeding in which Mortgagee may appear or may be joined as a party and in any suit brought by Mortgagee based upon or in connection with this Mortgage or any
Collateral Document. Nothing contained in this section shall, however, limit the right of Mortgagee to appear in such action or proceeding with counsel of its own choice, either on its own behalf or on behalf of Mortgagor, and all payments made and
reasonable costs incurred or paid by Mortgagee in connection therewith (including without limitation, reasonable attorneys’ fees and expenses) shall be payable by Mortgagor on demand, accruing interest thereon from the date(s) incurred until
paid at the rate applicable to overdue principal pursuant to the Indenture, and such amounts shall be included in the Obligations secured hereby. 
 4.16 Performance of Lease Obligations; Indemnification. Mortgagee shall not be obligated to perform or discharge, nor does it hereby undertake to perform or discharge, any obligation, duty or liability under the Casino Ground Lease
or any Space Lease. Mortgagor shall and does hereby agree to indemnify and to hold Mortgagee harmless of and from all liability, loss or damage which Mortgagee might incur under said leases or under or by reason of the assignment of any subleases,
and of and from any and all claims or demands whatsoever which may be asserted against Mortgagee by reason of any alleged obligations or undertakings to perform or discharge any of the terms, covenants or agreements contained in said leases,
including without limitation any claims arising out of Mortgagee’s negligence or strict liability, but excluding any such claims arising out of Mortgagee’s gross negligence or willful misconduct. 

  

					
		 	19	 	Amended and Restated Mortgage

 
Should Mortgagee incur any such liability, loss or damage under any of said leases, or under or by reason of the assignment thereof, or in the defense of any
claims or demands, the amount thereof, including reasonable costs, expenses and reasonable attorneys’ fees and costs, including reasonable attorneys’ fees and costs on appeal, shall be secured hereby and Mortgagor shall reimburse Mortgagee
therefor promptly upon demand, together with interest at the rate applicable to overdue principal pursuant to the Indenture. 
 4.17
Consents. Upon receipt of written request of Mortgagee, Mortgagor will use commercially reasonable efforts to obtain and deliver to Mortgagee as promptly as possible, a written acknowledgment from the City of Shreveport pursuant to the
provisions of the Casino Ground Lease confirming that Mortgagee has all of the rights of a “Leasehold Mortgagee” under (and as defined in) Exhibit G to the Casino Ground Lease. 
 ARTICLE 5 
 NEGATIVE COVENANTS 
 Mortgagor hereby covenants and agrees with Mortgagee that, until the entire Obligations shall have been paid in full and shall have been fully performed
and discharged: 
 5.01. Alterations. Mortgagor will not commit or permit any waste of the Mortgaged Property that materially impairs
Mortgagee’s security hereunder. 
 5.02. Replacement of Improvements. Except as permitted by this Mortgage and the Indenture and
except in the ordinary course of its business, Mortgagor will not, without the prior written consent of Mortgagee, permit any of the Improvements to be removed at any time from the Land unless the removed item is removed temporarily for maintenance
and repair or, if removed permanently, such removal and disposition does not affect materially and adversely the value of Mortgagor’s casino and the Mortgaged Property taken as a whole or the removed item is replaced by an article of
substantially equal utility and value, owned by Mortgagor and subject to the Liens created hereby, and free and clear of any other Lien or security interest except Permitted Liens or such as may be first approved in writing by Mortgagee. 

5.03. No Further Encumbrances. Except to the extent permitted by the provisions of the Indenture, Mortgagor will not, without the prior written
consent of Mortgagee, create, place or permit to be created or placed, or through any act or failure to act, acquiesce in the placing of, or allow to remain, any mortgage, pledge, Lien (statutory, constitutional or contractual), security interest,
encumbrance or charge on, or conditional sale or other title retention agreement (regardless of whether same are expressly subordinate to the Liens of this Mortgage) with respect to the Mortgaged Property, other than the Permitted Liens. 

 

					
		 	20	 	Amended and Restated Mortgage

 ARTICLE 6 
 CORPORATE LOAN PROVISIONS 
 6.1 Interaction with Indenture. Notwithstanding any other
provision of this Mortgage, the terms and provisions of this Mortgage shall be subject and subordinate to the terms of the Indenture. To the extent that the Indenture provides Mortgagor with a particular cure or notice period, or establishes any
limitations or conditions on Mortgagee’s actions with regard to a particular set of facts, Mortgagor shall be entitled to the same cure periods and notice periods, and Mortgagee shall be subject to the same limitations and conditions, under
this Mortgage, as under the Indenture, in place of the cure periods, notice periods, limitations and conditions provided for under this Mortgage; provided, however, that such cure periods, notice periods, limitations and conditions shall not be
cumulative as between the Indenture and this Mortgage. In the event of any conflict or inconsistency between the provisions of this Mortgage and those of the Indenture, including, without limitation, any conflicts or inconsistencies in any
definitions herein or therein, the provisions or definitions of the Indenture shall govern. This Mortgage is one of the Collateral Documents under the Indenture and all provisions of the Indenture that pertain to the Collateral Documents generally
shall pertain to this Mortgage as if set forth herein at length. 
 6.2 Other Collateral. This Mortgage is one of a number of security
agreements to secure the debt delivered by or on behalf of Mortgagor pursuant to the Indenture and the other Collateral Documents and securing the Obligations secured hereunder. All potential junior Lien claimants are placed on notice that, under
any of the Collateral Documents or otherwise (such as by separate future unrecorded agreement between Mortgagor and Mortgagee), other collateral for the Obligations secured hereunder (i.e., collateral other than the Mortgaged Property) may, under
certain circumstances, be released without a corresponding reduction in the total principal amount secured by this Mortgage. Such a release would decrease the amount of collateral securing the same indebtedness, thereby increasing the burden on the
remaining Mortgaged Property created and continued by this Mortgage. No such release shall impair the priority of the lien of this Mortgage. By accepting its interest in the Mortgaged Property, each and every junior Lien claimant shall be deemed to
have acknowledged the possibility of, and consented to, any such release. Nothing in this paragraph shall impose any obligation upon Mortgagee. 
 ARTICLE 7 
 DEFAULTS AND REMEDIES 
 7.1 Event of Default. The terms “Default” and “Event of Default,” wherever used in this Mortgage, shall mean any one or more of the defaults or events of default listed in the Indenture,
subject to such cure rights as may be expressly set forth in the Indenture. 
 7.2 Acceleration of Maturity. If an Event of Default
occurs and is continuing, Mortgagee may, in accordance with the Indenture, declare the Notes and all indebtedness or sums secured hereby, to be due and payable immediately, and upon such declaration such principal and interest and other sums shall
immediately become due and payable without demand, presentment, notice or other requirements of any kind (all of which Mortgagor waives) notwithstanding anything in this Mortgage or any Collateral Document or applicable law to the contrary.

  

					
		 	21	 	Amended and Restated Mortgage

 7.3 Institution of Equity Proceedings. If an Event of Default occurs and is continuing, Mortgagee
may institute an action, suit or proceeding in equity for specific performance of this Mortgage, the Notes or any Collateral Document, all of which shall be specifically enforceable by injunction or other equitable remedy. Mortgagor waives any
defense based on laches or any applicable statute of limitations. 
 7.4 Mortgagee’s Power of Enforcement. 
 (a) If any Event of Default occurs and is continuing, Mortgagee may, without regard to whether or not the Obligations secured hereby shall be due and
without prejudice to the right of Mortgagee thereafter to bring an action or proceeding to foreclose or any other action for any default existing at the time such earlier action was commenced, proceed by any appropriate action or proceeding:
(1) to enforce payment of the Notes, to the extent permitted by law, or the performance of any term hereof or any other right; (2) to foreclose this Mortgage in any manner provided by law for the foreclosure of mortgages or deeds of trust
on real property or security agreements concerning personal property and to sell, as an entirety or in separate lots or parcels, the Mortgaged Property or any portion thereof pursuant to the laws of the State of Louisiana or under the judgment or
decree of a court or courts of competent jurisdiction, and Mortgagee shall be entitled to recover in any such proceeding all reasonable costs and expenses incident thereto, including reasonable attorneys’ fees in such amount as shall be awarded
by the court; (3) to exercise any or all of the rights and remedies available to it under the Indenture; and (4) to pursue any other remedy available to it. Mortgagee shall take action either by such proceedings or by the exercise of its
powers with respect to entry or taking possession, or both, as Mortgagee may determine. 
 (b) Upon the occurrence and during the continuance
of an Event of Default under the Indenture, it shall be lawful for Mortgagee, upon the instruction of the Trustee given pursuant to the Indenture (and Mortgagor does hereby authorize Mortgagee without notice or putting in default, a putting in
default being hereby expressly waived), to cause all or some of the Mortgaged Property to be seized and sold under executory or other legal process, issued by any court of competent jurisdiction, without appraisement, and to the highest bidder for
cash or on such terms as Mortgagee may direct; and Mortgagor consents that the Mortgaged Property may be so sold, either as a whole or in such lots or parcels as Mortgagee may direct in any such proceedings. 
 7.5 Mortgagee’s Right to Enter and Take Possession, Operate and Apply Income. 
 (a) If an Event of Default occurs and is continuing, (i) Mortgagor, upon demand of Mortgagee, shall forthwith surrender to Mortgagee the actual
possession and, if and to the extent permitted by law, Mortgagee itself, or such officers or agents as it may appoint, may enter and take possession of all the Mortgaged Property, without liability for trespass, damages or otherwise, and may exclude
Mortgagor and its agents and employees wholly therefrom and may have joint access with Mortgagor to the books, papers and accounts of Mortgagor; and (ii) Mortgagor shall pay monthly in advance to Mortgagee on Mortgagee’s entry into
possession, or to any receiver appointed to collect the Rents, all Rents then due and payable. 
  

					
		 	22	 	Amended and Restated Mortgage

 (b) If Mortgagor shall for any reason fail to surrender or deliver the Mortgaged Property or any part
thereof after Mortgagee’s demand, Mortgagee may obtain a judgment or decree conferring on Mortgagee the right to immediate possession or requiring Mortgagor to deliver immediate possession of all or part of such property to Mortgagee and
Mortgagor hereby specifically consents to the entry of such judgment or decree. Mortgagor shall pay to Mortgagee, upon demand, all reasonable costs and expenses of obtaining such judgment or decree and reasonable compensation to Mortgagee, its
attorneys and agents, and all such reasonable costs, expenses and compensation shall, until paid, be secured by the lien of this Mortgage. 
 (c) Upon ever such entering upon or taking of possession, Mortgagee may hold, store, use, operate, manage and control the Mortgaged Property and conduct the business thereof, and, from time to time in its sole and absolute discretion and
without being under any duty to so act: (i) make any necessary and proper maintenance, repairs, renewals, replacements, additions, betterments and improvements thereto and thereon and purchase or otherwise acquire additional fixtures,
personalty and other property; (ii) insure or keep the Mortgaged Property insured; (iii) manage and operate the Mortgaged Property and exercise all the rights and powers of Mortgagor in their name or otherwise with respect to the same;
(iv) enter into agreements with others to exercise the powers herein granted Mortgagee, all as Mortgagee from time to time may determine; and, subject to the absolute assignment of the Space Leases and Rents to Mortgagee, Mortgagee may collect
and receive all the Rents, including those past due as well as those accruing thereafter (and in connection therewith, further reference is made hereby to Section 2.2 hereof); and shall apply the monies so received by Mortgagee in such
priority as Mortgagee may determine to (1) the payment of interest and principal due and payable on the Notes; (2) the deposits for taxes and assessments and insurance premiums due; (3) the cost of insurance, taxes, assessments and
other proper charges upon the Mortgaged Property or any part thereof; (4) the reasonable compensation, expenses and disbursements of the agents, attorneys and other representatives of Mortgagee; and (5) any other charges or costs required
to be paid by Mortgagor under the terms hereof; or (v) rent or sublet the Mortgaged Property or any portion thereof for any purposes permitted by this Mortgage. 
 Mortgagee shall surrender possession of the Mortgaged Property to Mortgagor only when all that is due upon such interest and principal, tax and insurance deposits, and all amounts under any of the terms of the
Indenture or this Mortgage, shall have been paid and all defaults made good. The same right of taking possession, however, shall exist if any subsequent Event of Default shall occur and be continuing. 
 7.6 Waiver of Appraisement, Valuation, Stay, Extension and Redemption Laws. Mortgagor agrees to the full extent permitted by law that, if an Event
of Default occurs and is continuing, neither Mortgagor nor anyone claiming through or under it shall or will set up, claim or seek to take advantage of any appraisement, valuation, stay, extension or redemption laws now or hereafter in force.
Mortgagor hereby waives all pleas of division and discussion with respect to the Obligations, the benefit of appraisement as provided in Louisiana Code of Civil Procedure Articles 2332, 2336, 2723 and 2724 and all other laws conferring the same, the
demand and three (3) days delay accorded by Louisiana Code of Civil Procedure Article 2721, the notice of seizure required by Louisiana Code of Civil Procedure Articles 2293 and 2721, the three (3) days delay provided by Louisiana Code of
Civil Procedure Articles 2331 and 2722, the 

  

					
		 	23	 	Amended and Restated Mortgage

 
benefits of the other provisions of Louisiana Code of Civil Procedure Article 2331, 2722 and 2723 not specifically mentioned above, and the benefits of any
other provisions of the Louisiana Code of Civil Procedure not specifically mentioned above, in order to prevent or hinder the enforcement or foreclosure of this Mortgage or the absolute sale of the Mortgaged Property or any portion thereof or the
final and absolute putting into possession thereof, immediately after such sale, of the purchasers thereof, and Mortgagor for itself and all who may at any time claim through or under it, hereby waives, to the full extent that it may lawfully so do,
the benefit of all such laws, and any and all right to have the assets comprising the Mortgaged Property marshaled upon any foreclosure of the lien hereof and agrees that Mortgagee or any court having jurisdiction to foreclose such lien may sell the
Managed Property in part or as an entirety. 
 7.7 Confession of Judgment. Solely for purposes of executory process under Louisiana
law, Mortgagor does hereby acknowledge the Obligations and CONFESS JUDGMENT in favor of Mortgagee for the full amount of the Obligations. 
 7.8 Space Leases. Mortgagee is authorized to foreclose this Mortgage pursuant to Section 7.4, subject to the rights, if any, of any tenants of the Mortgaged Property, and the failure to make any such tenants parties
defendant to any such foreclosure proceedings and to foreclose their rights shall not be, nor be asserted by Mortgagor to be, a defense to any proceedings instituted by Mortgagee to collect the sums secured hereby or to collect any deficiency
remaining unpaid after the foreclosure sale of the Mortgaged Property, or any portion thereof. Unless otherwise agreed by Mortgagee in writing, all Space Leases executed subsequent to the date hereof, or any part thereof, shall be subordinate and
inferior to the lien of this Mortgage; provided, however, that (i) Mortgagee may execute a non-disturbance and attornment agreement in connection with certain lease transactions in form and substance satisfactory to Mortgagee; and
(ii) from time to time Mortgagee may execute and record among the conveyance records of the jurisdiction where this Mortgage is recorded, subordination statements with respect to such of said Space Leases as Mortgagee may designate in its sole
discretion, whereby the Space Leases so designated by Mortgagee shall be made superior to the lien of this Mortgage for the term set forth in such subordination statement. From and after the recordation of such subordination statements, and for the
respective periods as may be set forth therein, the Space Leases therein referred to shall be superior to the lien of this Mortgage and shall not be affected by any foreclosure hereof. All such Space Leases shall contain a provision to the effect
that the Mortgagor and Space Lessee recognize the right of Mortgagee to elect and to effect such subordination of this Mortgage and each of them consents thereto. 
 7.9 Purchase by Mortgagee. Upon any foreclosure sale (whether judicial or non-judicial), Mortgagee may bid for and purchase the property subject to such sale and, upon compliance with the terms of sale, may
hold, retain and possess and dispose of such property in its own absolute right pursuant to applicable law. 
 7.10 Suits to Protect the
Mortgaged Property. Mortgagee shall have the power and authority to institute and maintain any suits and proceedings as Mortgagee, in its reasonable discretion, may deem advisable (a) to prevent any impairment of the Mortgaged Property by
any acts which may be unlawful or any violation of this Mortgage, (b) to preserve or protect its interest in the Mortgaged Property, or (c) to restrain the enforcement of or compliance with any 

  

					
		 	24	 	Amended and Restated Mortgage

 
legislation or other Legal Requirement that may be unconstitutional or otherwise invalid, if the enforcement of or compliance with such enactment, rule or
order might impair the security hereunder or be prejudicial to Mortgagee’s interest. 
 7.11 Proofs of Claim. In the case of any
receivership, Bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceedings affecting Mortgagor, any Affiliate or any co-maker or endorser of any of Mortgagor’s obligations, its creditors or its property,
Mortgagee, to the extent permitted by law, shall be entitled to file such proofs of claim or other documents as it may deem be necessary or advisable in order to have its claims allowed in such proceedings for the entire amount due and payable by
Mortgagor under the Notes or any other Collateral Document, at the date of the institution of such proceedings, and for any additional amounts which may become due and payable by Mortgagor after such date. 
 7.12 Mortgagor to Pay the Notes on Any Default in Payment; Application of Monies by Mortgagee. 
 (a) In case of a foreclosure sale of all or any part of the Mortgaged Property and of the application of the proceeds of sale to the payment of the sums
secured hereby, Mortgagee shall be entitled to enforce payment from Mortgagor of any additional amounts then remaining due and unpaid and to recover judgment against Mortgagor for any portion thereof remaining unpaid, with interest at the interest
rate on the Notes. 
 (b) Mortgagor hereby agrees to the extent permitted by law, that no recovery of any such judgment by Mortgagee or other
action by Mortgagee and no attachment or levy of any execution upon any of the Mortgaged Property or any other property shall in any way affect the Lien and security interest of this Mortgage upon the Mortgaged Property or any part thereof or any
Lien, rights, powers or remedies of Mortgagee hereunder, but such Lien, rights, powers and remedies shall continue unimpaired as before. 
 (c) Any monies collected or received by Mortgagee under this Section 7.12 shall be first applied to the payment of reasonable compensation, expenses and disbursements of the agents, attorneys and other representatives of
Mortgagee, and the balance remaining shall be applied to the payment of amounts due and unpaid under the Notes. 
 (d) The provisions of this
Section shall not be deemed to limit or otherwise modify the provisions of any guaranty of the indebtedness evidenced by the Notes. 
 7.13
Delay or Omission; No Waiver. No delay or omission of Mortgagee or Noteholder to exercise any right, power or remedy upon any Default or Event of Default shall exhaust or impair any such right, power or remedy or shall be construed to waive
any such Default or Event of Default or to constitute acquiescence therein. Every right, power and remedy given to Mortgagee whether contained herein or in the Indenture or otherwise available to Mortgagee may be exercised from time to time and as
often as may be deemed expedient by Mortgagee. 
 7.14 No Waiver of One Default to Affect Another. No waiver of any Default or Event
of Default hereunder shall extend to or affect any subsequent or any other Default or Event of 

  

					
		 	25	 	Amended and Restated Mortgage

 
Default then existing, or impair any rights, powers or remedies consequent thereon. If Mortgagee or a majority of Noteholders, to the extent applicable under
the Indenture, (a) grants forbearance or an extension of time for the payment of any sums secured hereby; (b) takes other or additional security for the payment thereof; (c) waives or does not exercise any right granted in the Notes,
the Indenture, this Mortgage or any other Collateral Document; (d) releases any part of the Mortgaged Property from the lien or security interest of this Mortgage or any other instrument securing the Notes; (e) makes or consents to any
agreement changing the terms of this Mortgage or any Collateral Document subordinating the lien or any charge hereof, no such act or omission shall release, discharge, modify, change or affect the original liability under the Notes, this Mortgage or
any other Collateral Document or otherwise of Mortgagor, or any subsequent purchaser of the Mortgaged Property or any part thereof or any maker, co-signer or surety. No such act or omission shall preclude Mortgagee from exercising any right, power
or privilege herein granted or intended to be granted in case of Default or Event of Default then existing or of any subsequent Default or Event of Default, nor, except as otherwise expressly provided in an instrument or instruments executed by
Mortgagee, shall the lien or security interest of this Mortgage be altered thereby, except to the extent expressly provided in any releases, or subordinations described in clause (d) or (e) above of this Section 7.14. In the
event of the sale or transfer by operation of law or otherwise of all or any part of the Mortgaged Property, Mortgagee, without notice to any Person, firm or corporation, is hereby authorized and empowered to deal with any such vendee or transferee
with reference to the Mortgaged Property or the Obligations secured hereby, or with reference to any of the terms or conditions hereof, as fully and to the same extent as it might deal with the original parties hereto and without in any way
releasing or discharging any of the liabilities or undertakings hereunder, or waiving its right to declare such sale or transfer a Default or an Event of Default as provided herein. 
 7.15 Discontinuance of Proceedings; Position of Parties Restored. If Mortgagee shall have proceeded to enforce any right or remedy under this
Mortgage by foreclosure, entry of judgment or otherwise and such proceedings shall have been discontinued or abandoned for any reason, or such proceedings shall have resulted in a final determination adverse to Mortgagee, then and in every such case
Mortgagor and Mortgagee shall be restored to their former positions and rights hereunder, and all rights, powers and remedies of Mortgagee shall continue as if no such proceedings had occurred or had been taken. 
 7.16 Remedies Cumulative. No right, power or remedy, including without limitation remedies with respect to any security for the Notes, conferred
upon or reserved to Mortgagee by the Guarantees, this Mortgage or any other Collateral Document is exclusive of any other right, power or remedy, but each and every such right, power and remedy shall be cumulative and concurrent and shall be in
addition to any other right, power and remedy given hereunder or under any Collateral Document, now or hereafter existing at law, in equity or by statute, and Mortgagee shall be entitled to resort to such rights, powers, remedies or security as
Mortgagee shall in its sole and absolute discretion deem advisable. The rights and remedies of Mortgagee upon the occurrence of one or more defaults by Mortgagor may be exercised by Mortgagee, in the sole discretion of Mortgagee, either
alternatively, concurrently, or consecutively in any order. The exercise by Mortgagee of any one or more of such rights and remedies shall not be construed to be an election of remedies nor a waiver of any other rights and remedies Mortgagee might
have unless, and limited to the extent that, Mortgagee shall so elect. Without limiting the 

  

					
		 	26	 	Amended and Restated Mortgage

 
generality of the foregoing, to the extent that this Mortgage or any other Collateral Document covers the real property and personal property, Mortgagee may,
in the sole discretion of Mortgagee, either alternatively, concurrently or consecutively in any order: 
 (a) Proceed as to both the real
property, the personal property and other collateral in accordance with Mortgagee’s rights and remedies in respect to the real property; or 
 (b) Proceed as to the real property in accordance with Mortgagee’s rights and remedies in respect to the real property and proceed as to the personal property and other collateral in accordance with Mortgagee’s rights and remedies
in respect to the personal property and other collateral. 
 If Mortgagee should elect to proceed as to both the real property, the personal property and
other collateral in accordance with Mortgagee’s rights and remedies in respect to real property: 
 (x) All the real property and all the
personal property and other collateral may be sold, in the manner and at the time and place provided in this Mortgage or in any other Collateral Document, as the case may be, in one lot, or in separate lots consisting of any combination or
combinations of the real property, the personal property and other collateral, as Mortgagee may elect, in the reasonable discretion of Mortgagee; and 
 (y) Mortgagor acknowledges and agrees that a disposition of the personal property and other collateral in accordance with Mortgagee’s rights and remedies in respect to real property, as hereinabove provided, is a
commercially reasonable disposition of the collateral. 
 If Mortgagee should elect to proceed as to the personal property and other collateral in accordance
with Mortgagee’s rights and remedies in respect to personal property and other collateral, Mortgagee shall have all the rights and remedies conferred on a secured party by any Collateral Document relating thereto or otherwise by applicable law.

 7.17 Foreclosure; Expense of Litigation. If Mortgagee forecloses, reasonable attorneys’ fees for services in the supervision
of said foreclosure proceeding shall be allowed to Mortgagee as part of the foreclosure costs. In the event of foreclosure of the lien hereof, there shall be allowed and included as additional Obligations all reasonable expenditures and expenses
which may be paid or incurred by or on behalf of Mortgagee for attorneys’ fees, appraiser’s fees, outlays for documentary and expert evidence, stenographers’ charges, publication costs, and costs (which may be estimated as to items to
be expended after foreclosure sale or entry of the decree) of procuring all such abstracts of title, title searches and examinations, title insurance policies and guarantees, and similar data and assurances with respect to title as Mortgagee may
deem reasonably advisable either to prosecute such suit or to evidence to a bidder at any sale which may be had pursuant to such decree the true condition of the title to or the value of the Mortgaged Property or any portion thereof. All
expenditures and expenses of the nature in this section mentioned, and such reasonable expenses and fees as may be incurred in the protection of the Mortgaged Property and the maintenance of the lien and security interest of this Mortgage, including
the reasonable fees of any attorney employed by Mortgagee in any litigation or proceeding affecting this Mortgage or any Collateral Document, the Mortgaged Property or any 

  

					
		 	27	 	Amended and Restated Mortgage

 
portion thereof, including, without limitation, civil, probate, appellate and bankruptcy proceedings, or in preparation for the commencement or defense of
any proceeding or threatened suit or proceeding, shall be immediately due and payable by Mortgagor, with interest thereon at the interest rate on the Notes, and shall be secured by this Mortgage. Mortgagee waives its right to any statutory fee in
connection with any judicial or non-judicial foreclosure of the lien hereof and agrees to accept a reasonable fee for such services. 
 7.18
Deficiency Judgments. If after foreclosure of this Mortgage or Mortgagee’s sale hereunder, there shall remain any deficiency with respect to any amounts payable under the Notes or hereunder or any amounts secured hereby, and Mortgagee
shall institute any proceedings to recover such deficiency or deficiencies, all such amounts shall continue to bear interest at the rate applicable to overdue principal pursuant to the Indenture. Mortgagor waives any defense to Mortgagee’s
recovery against Mortgagor of any deficiency after any foreclosure sale of the Mortgaged Property. Mortgagor expressly waives any defense or benefits that may be derived from any statute granting Mortgagor any defense to any such recovery by
Mortgagee. In addition, Mortgagee shall be entitled to recovery of all of its reasonable costs and expenditures (including without limitation any court imposed costs) in connection with such proceedings, including its reasonable attorneys’
fees, appraisal fees and the other costs, fees and expenditures referred to in Section 7.17 above. This provision shall survive any foreclosure or sale of the Mortgaged Property, any portion thereof and/or the extinguishment of the lien
hereof. 
 7.19 WAIVER OF JURY TRIAL. TO THE FULLEST EXTENT PERMITTED BY LAW, MORTGAGEE AND MORTGAGOR EACH WAIVE ANY RIGHT TO HAVE A
JURY PARTICIPATE IN RESOLVING ANY DISPUTE WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE ARISING OUT OF, CONNECTED WITH, RELATED TO OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED BETWEEN THEM IN CONNECTION WITH THE NOTES, THIS MORTGAGE OR ANY OTHER
COLLATERAL DOCUMENT ANY SUCH DISPUTES SHALL BE RESOLVED IN A BENCH TRIAL WITHOUT A JURY. 
 7.20 Exculpation of Mortgagee. The
acceptance by Mortgagee of the assignment contained herein with all of the rights, powers, privileges and authority created hereby shall not, prior to entry upon and taking possession of the Mortgaged Property by Mortgagee, be deemed or construed to
make Mortgagee a “mortgagee in possession”; nor thereafter or at any time or in any event obligate Mortgagee to appear in or defend any action or proceeding relating to the Casino Ground Lease, the Space Leases, the Rents or the Mortgaged
Property, or to take any action hereunder or to expend any money or incur any expenses or perform or discharge any obligation, duty or liability under any Space Lease or the Casino Ground Lease or to assume any obligation or responsibility for any
security deposits or other deposits except to the extent such deposits are actually received by Mortgagee, nor shall Mortgagee, prior to such entry and taking, be liable in any way for any injury or damage to person or property sustained by any
Person in or about the Mortgaged Property. 
 7.21 Keeper. In the event the Mortgaged Property, or any part thereof, is seized as an
incident to an action for the recognition or enforcement of this Mortgage by executory process, ordinary process, sequestration writ of fieri facias or otherwise, Mortgagor and the Mortgagee 

  

					
		 	28	 	Amended and Restated Mortgage

 
agree that the court issuing any such order shall if petitioned for by Mortgagee, direct the applicable sheriff to appoint as a keeper of the Mortgaged
Property, the Mortgagee or any agent designated by Mortgagee or any person named by Mortgagee at the time such seizure is effected. This designation is pursuant to Louisiana revised Statues 9:5136 through 5140.2, inclusive, as the same may be
amended, and the Mortgagee shall be entitled to all the rights and benefits afforded thereunder. It is hereby agreed that the keeper shall be entitled to receive compensation, in excess of its reasonable costs and expenses incurred in the
administration or preservation of the Mortgaged Property, which shall be payable monthly on the first day of each month and shall be included as Obligations secured by this Mortgage. The designation of keeper made herein shall not be deemed to
require the Mortgagee to provoke the appointment of such a keeper. 
 7.22 Authentic Evidence. Any and all declarations of fact made
by authentic act before a notary public in the presence of two (2) witnesses by a person declaring that such facts lie within his knowledge, shall constitute authentic evidence of such facts for the purpose of executory process. Mortgagor
specifically agrees that such an affidavit by a representative of Mortgagee as to the existence, amount, terms and maturity of the Obligations secured hereunder and of a Default or an Event of Default hereunder shall constitute authentic evidence of
such fact for the purpose of executory process. 
 7.23 Reinscription of Mortgage. Mortgagor shall reinscribe this Mortgage prior to
the date on which the lien of this Mortgage may prescribe by any applicable prescriptive period. 
 During the term of this Mortgage,
Mortgagor shall cause this Mortgage to be reinscribed in the manner provided by law in the records of the Recorder of Mortgages for the Parishes wherein the Mortgaged Property is located at least forty-five (45) days prior to the tenth
(10th) anniversary of the date of this Mortgage and within the reinscription or continuation period provided in La. R.S. (S)9:4401 and Louisiana Civil Code Article 3328, as the same may be amended from time to time. 
 The parties to this Mortgage hereby waive the production of mortgage, conveyance, tax, assignment of accounts receivable and other certificates and
relieve and release the Notary before whom this Mortgage was passed from all responsibilities and liabilities in connection therewith. 
 7.24. Environmental Matters. Mortgagee, in its sole discretion, may require, as a prerequisite to the commencement of any proceeding or the exercise of any remedy with respect to the Mortgaged Property, that it be provided evidence
reasonably satisfactory to Mortgagee that the Mortgaged Property is not contaminated by Hazardous Materials and that Mortgagee shall not be subject to any material liability for any contamination if it undertakes such proceeding or remedy. Mortgagee
shall have the authority in the exercise of Mortgagee’s reasonable discretion (but shall not be required) to (i) conduct environmental assessments, audits and site monitoring to determine compliance with Environmental Laws; (ii) take
all appropriate remedial action to contain, clean up and remove any Hazardous Materials either on its own or in response to an actual violation of any Environmental Laws or proceeding with respect thereto; (iii) institute legal proceedings
concerning environmental damage or contest and settle proceedings brought 

  

					
		 	29	 	Amended and Restated Mortgage

 
by any local, state or federal agency litigant; (iv) comply with any local, state or federal agency or court order directing an assessment, abatement or
cleanup of Hazardous Materials; and (v) employ agents, consultants and legal counsel to assist or perform the above undertakings or actions. Mortgagor shall indemnify Mortgagee for all reasonable costs, expenses and liabilities reasonably
incurred by Mortgagee in connection with any such undertaking or action unless such costs, expenses and liabilities are caused by the gross negligence or willful misconduct of the Mortgagee. 
 7.25 Disclaimer of Certain Duties. 
 (a) The powers conferred upon Mortgagee by this Mortgage are to protect its interests in the Mortgaged Property and shall not impose any duty upon Mortgagee to exercise any such powers. Mortgagor hereby agrees that Mortgagee shall not be
liable for, nor shall the indebtedness evidenced by the Obligations be diminished by, Mortgagee’s delay or failure to collect upon, foreclose, sell, take possession of or otherwise obtain value for the Mortgaged Property. Nothing herein shall
affect any obligation of Mortgagee to the Noteholders under the Indenture or under applicable law. 
 (b) Except as may be required by the
Indenture, and to the fullest extent permitted by applicable law, Mortgagee shall be under no duty whatsoever to make or give any presentment, notice or dishonor, protest, demand for performance, notice of non-performance, notice of intent to
accelerate, or other notice or demand in connection with any Mortgaged Property or the Obligations, or to take any steps reasonably necessary to preserve any rights against any Person. Mortgagor waives any right of marshaling in respect of any and
all Mortgaged Property, and waives any right to require Mortgagee to proceed against Mortgagor or any other Person, exhaust any Mortgaged Property or enforce any other remedy which Mortgagee now has or may hereafter have against Mortgagor or any
other Person. 
 ARTICLE 8 
 MISCELLANEOUS PROVISIONS 
 8.1 Heirs, Successors and Assigns Included in Parties. Whenever one of the parties hereto
is named or referred to herein the heirs, successors and assigns of such party shall be included, and all covenants and agreements contained in this Mortgage, by or on behalf of Mortgagor or Mortgagee shall bind and inure to the benefits of their
respective heirs, successors and assigns, whether so expressed or not. 
 8.2 Notices. Any notice required or permitted to be given
under or in connection with this Mortgage shall be given in accordance with the notice provisions of the Indenture. 
 8.3 Headings.
The headings of the articles, sections, paragraphs and subdivisions of this Mortgage are for convenience of reference only, are not to be considered a part hereof, and shall not limit or expand or otherwise affect any of the terms hereof.

  

					
		 	30	 	Amended and Restated Mortgage

 8.4 Invalid Provisions to Affect No Others. In the event that any of the covenants, agreements,
terms or provisions contained herein or in the Notes, the Indenture or any other Collateral Document shall be invalid, illegal or unenforceable in any respect, the validity of the lien hereof and the remaining covenants, agreements, terms or
provisions contained herein or in the Notes, the Indenture, or any other Collateral Document shall be in no way affected, prejudiced or disturbed thereby. To the extent permitted by law, Mortgagor waives any provision of law which renders any
provisions hereof prohibited or unenforceable in any respect. 
 8.5 Changes and Priority Over Intervening Liens. Neither this
Mortgage nor any terms hereof may be changed, waived, discharged or terminated orally, or by any action or inaction, but only by an instrument in writing signed by the party against which enforcement of the change, waiver, discharge or termination
is sought pursuant to the provisions of the Indenture. Any agreement hereafter made by Mortgagor and Mortgagee relating to this Mortgage shall be superior to the rights of the holder of any intervening lien or encumbrance. 
 8.6 Governing Law. This Mortgage shall be construed, interpreted, enforced and governed by and in accordance with the laws of the State of
Louisiana, without regard to its choice of law provisions. 
 8.7 Prescription. To the fullest extent allowed by the law, the right to
plead, use or assert any statute of limitations or defense of prescription as a plea or defense or bar of any kind, or for any purpose, to any debt, demand or obligation secured or to be secured hereby, or to any complaint or other pleading or
proceeding filed, instituted or maintained for the purpose of enforcing this Mortgage or any rights hereunder, is hereby waived by Mortgagor. 
 8.8 Subrogation. Should the Obligations, the repayment of which is hereby secured, or any part thereof, be used directly or indirectly to pay off, discharge, or satisfy, in whole or in part, any prior or superior lien or encumbrance
upon the Mortgaged Property, or any part thereof, then, as additional security hereunder, Mortgagee shall be subrogated to any and all rights, superior titles, liens, and equities owned or claimed by any owner or holder of said outstanding liens,
charges, and indebtedness, however remote, regardless of whether said liens, charges, and indebtedness are acquired by assignment or have been released of record by the holder thereof upon payment. 
 8.9 Joint and Several Liability. All obligations of Mortgagor hereunder, if more than one, are joint and several (i.e., solidary). Recourse for
deficiency after sale hereunder may be had against the property of Mortgagor, without, however, creating a present or other lien or charge thereon. 
 8.10 Context. In this Mortgage, whenever the context so requires, the neuter includes the masculine and feminine, and the singular including the plural, and vice versa. 
 8.11 Time. Time is of the essence of each and every term, covenant and condition hereof. Unless otherwise specified herein, any reference to
“days” in this Mortgage shall be deemed to mean “calendar days.” 
  

					
		 	31	 	Amended and Restated Mortgage

 8.12 Interpretation. As used in this Mortgage unless the context clearly requires otherwise: the
terms “herein” or “hereunder” and similar terms without reference to a particular section shall refer to the entire Mortgage and not just to the section in which such terms appear; the term “lien” shall also mean a
security interest, and the term “security interest” shall also mean a lien. 
 8.13 Gaming Laws and Regulations. Mortgagor
and Mortgagee acknowledge that, to the extent required under applicable law, the consummation of the transactions contemplated hereby and the exercise of remedies hereunder may be subject to the Louisiana Riverboat Economic Development and Gaming
Control Act, La. R.S. 27:41 et seq., the Louisiana Gaming Control Law, La. R.S. 27:1 et seq., and the regulations promulgated pursuant to each such law, all as amended from time to time. Mortgagor and Mortgagee further acknowledge that the Gaming
License held by Mortgagor is not part of the collateral of this Mortgage and that, under the above described legislation and rules promulgated thereunder, the Mortgagee may be precluded from or otherwise limited in taking possession of or selling
the collateral of this Mortgage under the Defaults and Remedies provisions of this Mortgage. Mortgagor and Mortgagee also acknowledge that due to various legal restrictions, including, without limitation, licensing of operators of gaming facilities
and prior approval of the sale or disposition of assets of a licensed gaming operation, the sale of collateral may be denied by Gaming Authorities or delayed pending Gaming Authority approval. 
 8.14 Leasehold Provisions. 
 (a)
Mortgagor and the City of Shreveport (“Lessor”) are parties to the Casino Ground Lease. Mortgagor will at all times fully perform and comply in all material respects with all agreements, covenants, terms and conditions imposed upon or
assumed by it as lessee under the Casino Ground Lease, and Mortgagor further covenants that it will not do or permit anything to be done, the doing of which, or refrain from doing anything, the omission of which, will impair or would reasonably be
expected to impair the security of this Mortgage. If Mortgagor shall fail so to do Mortgagee may (but shall not be obligated to) take any action Mortgagee deems reasonably necessary or desirable to prevent or to cure any default by Mortgagor in the
performance of or compliance with any of Mortgagor’s covenants or obligations under said Casino Ground Lease after reasonable prior notice to Mortgagor. Upon receipt by Mortgagee from the Lessor of any written notice of default by the lessee
thereunder, Mortgagee may rely thereon and take any action as aforesaid after reasonable prior notice to Mortgagor to cure such default even though the existence of such default or the nature thereof be questioned or denied by Mortgagor or by any
party on behalf of Mortgagor. Mortgagor hereby expressly grants to Mortgagee, and agrees that Mortgagee shall have, the absolute and immediate right to enter in and upon the real property described herein or any part thereof to such extent and as
often as Mortgagee in its reasonable discretion deems necessary or desirable in order to prevent or to cure any such default by Mortgagor. Mortgagee may pay and expend such reasonable sums of money as Mortgagee deems necessary for any such purpose,
and Mortgagor hereby agrees to pay to Mortgagee, immediately and without demand, all such sums so reasonably paid and expended by Mortgagee, together with interest thereon from the date of each such payment at the rate applicable to overdue
principal pursuant to the Indenture. All sums so reasonably paid and expended by Mortgagee and the interest thereon shall be added to the Obligations and be secured by the Lien of this Mortgage. 
  

					
		 	32	 	Amended and Restated Mortgage

 (b) Except as permitted by the Indenture, Mortgagor will not surrender the leasehold estate and interest
hereinabove described or terminate or cancel the Casino Ground Lease. If the Casino Ground Lease is for any reason terminated prior to the natural expiration of its term, and if, pursuant to any provision of the Casino Ground Lease or otherwise,
Mortgagee or its designee shall acquire from the Lessor a new lease of all of any portion of the Land, Mortgagor shall have no right, title or interest in or to such new lease or the leasehold estate created thereof. 
 (c) Mortgagee, by accepting this Mortgage, consents to the terms and provisions of the Casino Ground Lease, and the rights, titles and interests created
in favor of the Lessor thereunder shall not constitute a default under any provisions of this Mortgage. 
 (d) Except as specifically
provided in the Indenture, and as would not be adverse in any material respect to Mortgagee or the Noteholders, Mortgagor also covenants that it will not waive, modify or in any way alter the material terms of the Casino Ground Lease or cancel or
surrender the Casino Ground Lease, or waive, excuse, condone or in any way release or discharge Lessor of or from the material obligations, covenants, conditions and agreements to be done and performed by Lessor under the terms of the Casino Ground
Lease; and Mortgagor does by these presents expressly release, relinquish and surrender unto Mortgagee all its right, power and authority to cancel, surrender, amend, modify, waive or alter in any material way the terms and provisions of the Casino
Ground Lease and any attempt on the part of Mortgagor to exercise any such right without the written authority and consent of Mortgagee thereto being first had and obtained (which consent shall not unreasonably be withheld, conditioned or delayed)
shall constitute an Event of Default hereunder. 
 (e) Mortgagor hereby covenants (i) to give Mortgagee prompt notice in writing of any
receipt by it of any notice of default from Lessor; (ii) to furnish to Mortgagee any and all information which it may reasonably request concerning the performance by Mortgagor of the material covenants imposed on Mortgagor under the Casino
Ground Lease promptly after such request; and (iii) to permit forthwith Mortgagee or its representative at all reasonable times on reasonable notice and so long as the same shall not unreasonably interfere with the use or business at the
Mortgaged Property by Mortgagor, to make investigation or examination concerning such performance. 
 (f) The following shall apply to any
Bankruptcy in which Lessor is the debtor: (i) Mortgagor shall notify Mortgagee promptly after learning of the commencement or threat of commencement of any Bankruptcy affecting Lessor. Mortgagor promptly shall deliver to Mortgagee copies of any
and all material notices, summonses, pleadings, applications, and other documents that Mortgagor receives in connection with any such Bankruptcy and any related proceedings; (ii) if Lessor rejects or disaffirms, or seeks or purports to reject
or disaffirm, the Casino Ground Lease pursuant to any Bankruptcy Law, then Mortgagor shall not exercise its right to treat the Casino Ground Lease as terminated under Section 365(h) of the Federal Bankruptcy Code or any similar Bankruptcy Law,
or any comparable right provided under any 

  

					
		 	33	 	Amended and Restated Mortgage

 
other Bankruptcy Law without Mortgagee’s prior written consent, such consent not to be unreasonably withheld. Mortgagor’s right under such
circumstances to elect either to treat the Casino Ground Lease as terminated or to retain its rights under the Casino Ground Lease pursuant to Section 365(h) of the Federal Bankruptcy Code or any similar Bankruptcy Law, or any comparable right
provided under any other Bankruptcy Law, shall be hereinafter referred to as the “365(h) Election”; (iii) unless Mortgagee directs otherwise in writing, Mortgagor shall exercise the 365(h) Election in favor of Mortgagor’s
remaining in possession under the Casino Ground Lease at least five (5) Business Days prior to the last day on which the 365(h) Election may be exercised. Mortgagor hereby constitutes and appoints Mortgagee the true and lawful attorney-in-fact,
coupled with an interest, of Mortgagor, empowered and authorized in the name, place and stead of Mortgagor to exercise the 365(h) Election in favor of Mortgagor’s remaining in possession under the Casino Ground Lease in the event Mortgagor
fails to do so within the time period set forth above. The foregoing appointment is irrevocable and continuing and such rights, powers and privileges shall be exclusive in Mortgagee, its successors and permitted assigns, so long as any part of the
Obligations secured hereby remain unpaid or undischarged. Mortgagor acknowledges that Mortgagor’s resulting occupancy and other rights, as adjusted by the effect of Federal Bankruptcy Code Section 365, are part of the Mortgaged Property
and subject to the Lien of this Mortgage. Mortgagor further acknowledges that exercise of the 365(h) Election in favor of terminating the Casino Ground Lease would constitute waste prohibited by this Mortgage unless Mortgagee shall have consented to
such termination, such consent not to be unreasonably withheld. Mortgagor acknowledges and agrees that the 365(h) Election is in the nature of a remedy available to Mortgagor under the Casino Ground Lease and is not a property interest that
Mortgagor can separate from the Casino Ground Lease as to which it arises. Therefore, Mortgagor agrees and acknowledges that exercise of the 365(h) Election in favor of preserving the right to possession under the Casino Ground Lease shall not be
deemed to constitute Mortgagee’s taking or sale of the Mortgaged Property (or any element thereof) and shall not entitle Mortgagor to any credit against the Obligations secured hereby or otherwise impair Mortgagee’s remedies hereunder or
under the Indenture; (iv) if Lessor rejects or disaffirms the Casino Ground Lease or purports or seeks to disaffirm the Casino Ground Lease pursuant to any Bankruptcy Law, then: (1) Mortgagor shall remain in possession of the premises
demised under the Casino Ground Lease and shall perform all acts necessary for Mortgagor to remain in such possession for the unexpired term of the Casino Ground Lease (including all renewals available at the sole option of Mortgagor); and
(2) all terms and provisions of this Mortgage and the Lien created hereby shall remain in full force and effect and shall extend automatically to all of Mortgagor’s rights and remedies arising at any time under, or pursuant to, Federal
Bankruptcy Code (S) 365(h), including all of Mortgagor’s rights to remain in possession of the premises demised under the Casino Ground Lease. 
 Following the occurrence and during the continuance of an Event of Default, if pursuant to Federal Bankruptcy Code (S) 365(h), or any other similar Bankruptcy Law, Mortgagor seeks to offset against rent owing
under the Casino Ground Lease (“Ground Rent”) the amount of any claim for the payment of damages from Lessor’s failure to perform under the Casino Ground Lease, or rejection of the Casino Ground Lease under any Bankruptcy Law (a
“Lease Damage Claim”), then Mortgagor shall notify Mortgagee of its intent to do so at least twenty (20) days before effecting such offset. Such notice shall set forth the amounts proposed to be so offset and the basis for such
offset. If Mortgagee reasonably believes that such offset is likely to materially 

  

					
		 	34	 	Amended and Restated Mortgage

 
adversely affect the security interest of Mortgagee in the Casino Ground Lease or otherwise materially adversely affect the Mortgaged Property, Mortgagee may
object to all or any part of such offset, in which event Mortgagor shall not effect any offset of the amounts to which Mortgagee objects. If Mortgagee fails to object within such twenty (20) day period to such offset, then Mortgagor may effect
such offset as set forth in Mortgagor’s notice. Mortgagor shall indemnify Mortgagee against any loss or damage suffered by Mortgagee with respect to any offset by Mortgagor against Ground Rent, except to the extent of any loss or damage
resulting from Mortgagee’s gross negligence or willful misconduct. 
 (g) Mortgagor hereby irrevocably appoints Mortgagee, during the
existence of an Event of Default, as its true and lawful attorney-in-fact, to do, in its name or otherwise, any and all acts and to execute any and all documents which are necessary to preserve any rights of Mortgagee under or with respect to the
Casino Ground Lease, including, without limitation, the right to effect any extension or renewal of the Casino Ground Lease, or to preserve any rights of Mortgagee whatsoever in respect of any part of the Casino Ground Lease (and the above powers
granted to Mortgagee are coupled with an interest and shall be irrevocable.) 
 The generality of the provisions of this Section 8.14 relating to
the Casino Ground Lease shall not be limited by other provisions of this Mortgage and the Indenture setting forth particular obligations of Mortgagor which are also required of Mortgagor with respect to the Casino Ground Lease, the Improvements, or
the Land. 
 8.15 Trustee. U.S. BANK NATIONAL ASSOCIATION is acting hereunder solely in its capacity as Trustee and Collateral Agent
under the Indenture, and all of the rights of Trustee set forth in the Indenture shall apply to Collateral Agent’s actions hereunder. To the extent this Mortgage contemplates payments by the Mortgagee, the Trustee shall have no personal
liability therefor. 
 8.16 Consolidation. Pursuant to the Confirmation Order, the Original Mortgages have been consolidated. This
Mortgage evidences the Original Mortgages as consolidated. 
 ARTICLE 9 
 POWER OF ATTORNEY 
 9.1 Grant of Power. Mortgagor irrevocably appoints
Mortgagee and any successor thereto as its attorney-in-fact, with full power and authority, including the power of substitution, exercisable only during the occurrence and continuance of an Event of Default to act for Mortgagor in its name, place
and stead as hereinafter provided: 
 (a) Possession and Completion. To take possession of the Land under the Casino Ground Lease and
the Shreveport Resort, remove all employees, contractors and agents of Mortgagor therefrom, complete or attempt to complete the work of construction of the Shreveport Resort, and market, sell or sublease the Land and the Shreveport Resort.

  

					
		 	35	 	Amended and Restated Mortgage

 (b) Employment of Others. To employ such contractors, subcontractors, suppliers, architects,
inspectors, consultants, property managers and other agents as Mortgagee, in its discretion, deems proper for the restoration of the Shreveport Resort, for the protection or clearance of title to the Land or for the protection of Mortgagee’s
interests with respect thereto. 
 (c) Security Guards. To employ watchmen to protect the Shreveport Resort from injury. 

(d) Compromise Claims. To pay, settle or compromise all bills and claims then existing or thereafter arising against Mortgagor, which
Mortgagee, in its reasonable discretion, deems proper for the protection or clearance of title to the Land or for the protection of Mortgagee’s interests with respect thereto. 
 (e) Legal Proceedings. To prosecute and defend all actions and proceedings in connection with the land or the Shreveport Resort. 
 (f) Other Acts. To execute, acknowledge and deliver all other instruments and documents in the name of Mortgagor that are necessary or reasonably
desirable, to exercise Mortgagor’s rights under all contracts concerning the Land or the Shreveport Resort, including, without limitation, under the Casino Ground Lease or any Space Leases, and to do all other acts with respect to the Land or
the Shreveport Resort that Mortgagor might do on its own behalf, as Mortgagee, in its reasonable discretion, deems proper. 
 [Signature page
follows.] 
  

					
		 	36	 	Amended and Restated Mortgage

 THIS DONE AND PASSED, in multiple originals, on the day and in the month and year hereinabove first
written, in the presence of the undersigned competent witnesses who hereunto sign their names with Mortgagor and me, Notary, after due reading of the whole. 
  

							
	 WITNESSES:
	 		 	MORTGAGOR:
			
	 /s/ Robert M. Jones
	 		 	ELDORADO CASINO SHREVEPORT JOINT
	 Name: Robert M. Jones
	 		 	VENTURE, a Louisiana general partnership
				
	 /s/ Mike Whitemaire
	 		 		 	
	 Name: Mike Whitemaire
	 		 	BY:	 	HCS I, Inc.,
		 		 		 	a Louisiana corporation
		 		 		 	its Managing General Partner
				
		 		 	By:	 	 /s/ John C. Hull

		 		 	Name:	 	John C. Hull
		 		 	Title:	 	Chairman of the Board and President

  

			
	 /s/ Jeffrey M. Barbin

	NOTARY PUBLIC
		
	Printed Name:	 	Jeffrey M. Barbin
	Notary Public in and for said County and State

  

					
		 	Signature Page	 	Amended and Restated Mortgage

 EXHIBIT “A” 
 CONFIRMATION ORDER AND SUPPLEMENTAL ORDER 
 ------------------------------------------------ 
 See Attached. 
  

					
		 	A-1	 	Amended and Restated Mortgage

 EXHIBIT “B” 
 DESCRIPTION OF THE LAND 
 ----------------------- 
 See Attached. 
  

					
		 	B-1	 	Amended and Restated Mortgage

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