Document:

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                                                                    Exhibit 10.2

                                                                  EXECUTION COPY

                          THE MAJESTIC STAR CASINO, LLC
                      MAJESTIC STAR CASINO CAPITAL CORP. II
                    $200,000,000 9 3/4% SENIOR NOTES DUE 2011
                               PURCHASE AGREEMENT

                                                December 16, 2005

JEFFERIES & COMPANY, INC.
520 Madison Avenue
12th Floor
New York, New York 10022

Ladies and Gentlemen:

         Each of The Majestic Star Casino, LLC, an Indiana limited liability
company (the "Company"), Majestic Star Casino Capital Corp. II, an Indiana
corporation ("Capital II" and, together with the Company, the "Issuers"), and
each Subsidiary Guarantor (as defined herein) hereby agrees with you as follows:

         1. Issuance of Securities. The Issuers propose to issue and sell to
Jefferies & Company, Inc. (the "Initial Purchaser"), and the Initial Purchaser
proposes to purchase, $200,000,000 aggregate principal amount of the Issuers' 9
3/4% Senior Notes due 2011 (the "Series A Notes"). The Series A Notes will be
issued pursuant to an indenture to be executed as of the Closing Date (as
defined herein) (the "Indenture"), among the Issuers, the Subsidiary Guarantors
(as defined herein), and The Bank of New York Trust Company, N.A., as trustee
(the "Trustee"). The Series A Notes and the Series B Notes (as defined herein),
are collectively referred to herein as the "Notes". Capitalized terms used, but
not defined herein, shall have the meanings set forth in the Indenture.

         The Series A Notes will be offered and sold to the Initial Purchaser
pursuant to an exemption from the registration requirements under the Securities
Act of 1933, as amended (the "Act"). Upon original issuance thereof, and until
such time as the same is no longer required under the applicable requirements of
the Act, the Notes shall bear the legends set forth in the final offering
circular, dated the date hereof (the "Offering Circular"). The Company has
prepared a preliminary offering circular, dated December 7, 2005 (the
"Preliminary Offering Circular"), and the Offering Circular relating to the
offer and sale of the Series A Notes (the "Offering").

         2. Agreements to Sell and Purchase. On the basis of the
representations, warranties, agreements and covenants herein and subject to the
terms and conditions herein set forth, the Issuers agree to issue and sell to
the Initial Purchaser, and the Initial Purchaser agrees to purchase from the
Issuers, $200,000,000 aggregate principal amount of the Series A Notes for a
purchase price of $194,500,000.00 which is equal to the excess of (x) 100% of
the aggregate principal amount thereof over (y) the aggregate amount of fees and
commissions to the Initial Purchaser.

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         3. Terms of Offering. The Initial Purchaser has advised the Company,
and the Company understands, that the Initial Purchaser will make offers to sell
(the "Exempt Resales") some or all of the Series A Notes purchased by the
Initial Purchaser hereunder on the terms set forth in the Offering Circular, as
amended or supplemented, to persons (the "Subsequent Purchasers") whom the
Initial Purchaser (i) reasonably believes to be "qualified institutional buyers"
as defined in Rule 144A under the Act, as such Rule may be amended from time to
time ("QIBs"), (ii) reasonably believes (based upon written representations made
by such persons to the Initial Purchaser) to be institutional "accredited
investors" ("Accredited Investors") as defined in Rule 501(a)(1), (2), (3) or
(7) under the Act or (iii) reasonably believes to be non-U.S. persons in
reliance upon Regulation S under the Act.

         Holders of the Series A Notes (including Subsequent Purchasers) will
have the registration rights set forth in the registration rights agreement
applicable to the Series A Notes (the "Registration Rights Agreement"), to be
executed on and dated as of the Closing Date. Pursuant to the Registration
Rights Agreement, the Issuers and the Subsidiary Guarantors will agree, among
other things, to file with the Securities and Exchange Commission (the
"Commission") (a) a registration statement under the Act (the "Exchange Offer
Registration Statement") relating to [ ]% Senior Notes of the Issuers due 2011
(the "Series B Notes") which shall be identical in all material respects to the
Series A Notes (except that the Series B Notes shall have been registered
pursuant to the Exchange Offer Registration Statement and will not be subject to
restrictions on transfer or contain additional interest provisions) to be
offered in exchange for the Series A Notes (such offer to exchange being
referred to as the "Registered Exchange Offer"), and/or (b) under certain
circumstances, a shelf registration statement pursuant to Rule 415 under the Act
(the "Shelf Registration Statement") relating to the resale by certain holders
of the Series A Notes.

         Concurrently with the sale of the Series A Notes on the Closing Date,
the Company and The Majestic Star Casino Capital Corp. ("Capital"), a
wholly-owned subsidiary of the Company, will issue 9 1/2% senior secured notes
due 2010 (the "Senior Secured Notes") and Majestic Holdco, LLC ("Holdco"), the
parent of the Company and Majestic Star Holdco, Inc., a wholly-owned subsidiary
of Holdco, will issue 12 1/2% senior discount notes due 2011 (the "Discount
Notes"). As described in the Offering Circular, the Company intends to use a
portion of the proceeds from the sale of the Notes, the Senior Secured Notes and
the Discount Notes to, among other things, acquire (the "Acquisition") all of
the issued and outstanding capital stock of Trump Indiana, Inc., a Delaware
corporation (and, together with Buffington Harbor Riverboats, L.L.C. and
Buffington Harbor Parking Associates, LLC, "Trump") pursuant to the stock
purchase agreement dated as of November 3, 2005, by and between the Company and
Trump Entertainment Resort Holdings, L.P. (the "Stock Purchase Agreement"). On
the Closing Date, the Company will also, amend its credit facility dated as of
October 7, 2003, by and between the Company and Wells Fargo Foothill, Inc., in
the manner described in the Offering Circular (as amended, the "Amended Credit
Facility").

         Pursuant to the Indenture, all subsidiaries of the Company listed on
Schedule A hereto other than Trump (and upon the consummation of the
Acquisition, Trump) shall fully and unconditionally guarantee, on a senior
unsecured basis, to each holder of the Notes and the Trustee, the payment and
performance of the Company's obligations under the Indenture and the Notes (each
such subsidiary (including, upon the consummation of the Acquisition, Trump)

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being referred to herein as a "Subsidiary Guarantor" and such guarantee being
referred to herein as a "Guarantee").

         Effective upon consummation of the Acquisition, the Company will (a)
cause Trump to become a Subsidiary Guarantor and execute (i) a counterpart
hereto, (ii) the Indenture, (iii) the Guarantees, and (iv) the Registration
Rights Agreement, as required by the Indenture and Section 12 hereof.

         This Agreement, the Indenture, the Registration Rights Agreement, the
Notes, the Guarantees, the Amended Credit Facility, together with all other
documents or instruments executed by the Issuers and the Subsidiary Guarantors
in connection with the transactions contemplated thereby, collectively are
referred to herein as the "Documents." The transactions contemplated by the
Documents are referred to herein as the "Transactions."

         4. Delivery and Payment. Delivery to the Initial Purchaser of and
payment for the Series A Notes shall be made at a Closing (the "Closing") to be
held at 9:00 a.m., New York City time, on December 21, 2005, (such time and
date, the "Closing Date") at the offices of Mayer, Brown, Rowe & Maw LLP, 1675
Broadway, New York, New York 10019. The Closing Date and the location of
delivery of and the form of payment for the Series A Notes may be varied by
agreement between the Initial Purchaser and the Issuers.

         The Issuers shall deliver to the Initial Purchaser one or more
certificates representing the Series A Notes in definitive form, registered in
such names and denominations as the Initial Purchaser may request, against
payment by the Initial Purchaser of the purchase price therefor by immediately
available Federal funds bank wire transfer to such bank account or accounts as
the Company shall designate to the Initial Purchaser at least two Business Days
prior to the Closing. The certificates representing the Series A Notes in
definitive form shall be made available to the Initial Purchaser for inspection
at the New York offices of Mayer, Brown, Rowe & Maw LLP (or such other place as
shall be reasonably acceptable to the Initial Purchaser) not later than 10:00
a.m., Eastern Standard Time, one Business Day immediately preceding the Closing
Date. Series A Notes to be represented by one or more definitive global
securities in book-entry form will be deposited on the Closing Date, by or on
behalf of the Company, with The Depository Trust Company ("DTC") or its
designated custodian, and registered in the name of Cede & Co.

         5. Agreements of the Issuers and the Subsidiary Guarantors. Each of the
Issuers and the Subsidiary Guarantors, jointly and severally, hereby agrees:

         (a) Certain Events. To (i) advise the Initial Purchaser promptly after
obtaining knowledge (and, if requested by the Initial Purchaser, confirm such
advice in writing) of (A) the issuance by any state securities commission of any
stop order suspending the qualification or exemption from qualification of any
of the Series A Notes for offer or sale in any jurisdiction, or the initiation
of any proceeding for such purpose by any state securities commission or other
regulatory authority, and (B) the happening of any event that makes any
statement of a material fact made in the Offering Circular untrue or that
requires the making of any additions to or changes in the Offering Circular in
order to make the statements therein, in the light of the circumstances under
which they are made, not misleading, (ii) use its best efforts to prevent the
issuance of any stop order or order suspending the qualification or exemption
from qualification

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of any of the Notes under any state securities or Blue Sky laws, and (iii) if at
any time any state securities commission or other regulatory authority shall
issue an order suspending the qualification or exemption from qualification of
any of the Series A Notes under any such laws, use its best efforts to obtain
the withdrawal or lifting of such order at the earliest possible time.

         (b) Offering Circular. At any time prior to the completion of the sale
of all of the Series A Notes by the Initial Purchaser pursuant to Exempt
Resales, to (i) furnish the Initial Purchaser and those persons identified by
the Initial Purchaser to the Issuers, without charge, as many copies of the
Preliminary Offering Circular and the Offering Circular, and any amendments or
supplements thereto, as the Initial Purchaser may reasonably request, and (ii)
promptly prepare, upon the Initial Purchaser's request, any amendment or
supplement to the Offering Circular that the Initial Purchaser deems may be
necessary in connection with Exempt Resales (and the Issuers and Subsidiary
Guarantors hereby consent, subject to the Initial Purchaser's compliance with
its representations and warranties set forth in Section 7, to the use of the
Preliminary Offering Circular and the Offering Circular, and any amendments and
supplements thereto, by the Initial Purchaser in connection with Exempt
Resales).

         (c) Notice of Amendment or Supplement. Not to amend or supplement the
Offering Circular prior to the Closing Date, or at any time prior to the
completion of the resale of all of the Series A Notes by the Initial Purchaser
pursuant to Exempt Resales, unless the Initial Purchaser shall previously have
been advised thereof and shall not have objected thereto within three Business
Days after being furnished a copy thereof.

         (d) Preparation of Amendments and Supplements. At any time prior to the
completion of the resale of all of the Series A Notes by the Initial Purchaser
pursuant to Exempt Resales, (i) if any event shall occur as a result of which,
in the reasonable judgment of the Issuers or the Initial Purchaser or their
respective counsel, it becomes necessary or advisable to amend or supplement the
Offering Circular in order to make the statements therein, in the light of the
circumstances when such Offering Circular is delivered to a purchaser pursuant
to an Exempt Resale, not misleading, or if it is necessary to amend or
supplement the Offering Circular to comply with Applicable Law (as defined
herein), forthwith to prepare an appropriate amendment or supplement to the
Offering Circular (in form and substance satisfactory to the Initial Purchaser)
so that as so amended or supplemented, (A) the Offering Circular will not
include an untrue statement of material fact or omit to state a material fact
necessary in order to make the statements therein, in the light of the
circumstances when it is so delivered, not misleading, and (B) the Offering
Circular will comply with Applicable Law, and (ii) if it becomes necessary or
advisable to amend or supplement the Offering Circular so that the Offering
Circular will contain all of the information specified in, and meet the
requirements of, Rule 144A(d)(4) under the Act, forthwith to prepare an
appropriate amendment or supplement to the Offering Circular (in form and
substance satisfactory to the Initial Purchaser) so that the Offering Circular,
as so amended or supplemented, will contain the information specified in, and
meet the requirements of, such Rule.

         (e) Qualification of Securities. Prior to the sale of all of the Series
A Notes by the Initial Purchaser pursuant to Exempt Resales, to cooperate with
the Initial Purchaser and the Initial Purchaser's counsel in connection with the
qualification of the Series A Notes under the securities or Blue Sky laws of
such jurisdictions as the Initial Purchaser may request and

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continue such qualification in effect so long as reasonably required for Exempt
Resales, and to file such consents to service of process or other documents as
may be necessary in order to effect such qualification; provided, that none of
the Issuers and the Subsidiary Guarantors shall be required in connection
therewith to file any general consent to service of process or to register or
qualify as a foreign corporation in any jurisdiction where it is not now so
qualified or to subject itself to general taxation in respect of doing business
in any jurisdiction in which it is not otherwise so subject.

         (f) Costs and Expenses. Whether or not any of the Offering or the
Transactions are consummated or this Agreement is terminated, to pay (i) all
costs, expenses, fees and taxes incident to and in connection with the
performance of the obligations of the Issuers and Subsidiary Guarantors under
this Agreement, including: (A) the preparation, printing and distribution of the
Preliminary Offering Circular and the Offering Circular and all amendments and
supplements thereto (including, without limitation, financial statements and
exhibits), and all preliminary and final Blue Sky memoranda and all other
agreements, memoranda, correspondence and other documents prepared and delivered
in connection herewith (including the furnishing of copies of the foregoing to
the Initial Purchaser and such other persons as the Initial Purchaser may
designate), (B) the processing and distribution (including, without limitation,
word processing and duplication costs) and delivery of, and performance under,
each of the Documents and any other agreements or documents in connection with
the Transactions, (C) the preparation, issuance and delivery of the Notes,
including the fees and expenses of the Trustee (including reasonable fees and
expenses of its counsel) and all costs and expenses related to the delivery of
the Series A Notes to the Initial Purchaser and pursuant to Exempt Resales,
including any transfer or other taxes payable thereon and (D) the qualification
of the Notes for offer and sale under the securities or Blue Sky laws of the
several states (including, without limitation, filing fees and reasonable fees
and disbursements of the Initial Purchaser's counsel relating to such
registration or qualification and the preparation of memoranda related thereto),
(ii) all fees and expenses of the counsel and accountants of the Issuers and
Subsidiary Guarantors (except for any fees and expenses of Trump prior to the
Closing Date), (iii) all expenses and listing fees in connection with the
application for quotation of the Series A Notes on the Private Offerings,
Resales and Trading Automated Linkages ("PORTAL") market, (iv) all fees and
expenses (including fees and expenses of counsel) of the Issuers in connection
with approval of the Notes by DTC for "book-entry" transfer, (v) all fees
charged by rating agencies in connection with the rating of the Notes, (vi) all
fees and expenses (including reasonable fees and expenses of counsel) of the
Trustee, (vii) all costs and expenses of the Registered Exchange Offer, the
Exchange Offer Registration Statement and any Shelf Registration Statement, as
set forth in the Registration Rights Agreement, (viii) all fees and expenses
(including reasonable fees and expenses of counsel, subject to any limitations
imposed by previous agreements between the parties) incurred by the Initial
Purchaser in connection with the preparation, negotiation and execution of the
Documents and the consummation of the Transactions and (ix) all other costs and
expenses incident and necessary to the performance of the obligations of the
Issuers and the Subsidiary Guarantors under this Agreement for which provision
is not otherwise made in this section.

         (g) Use of Proceeds. To use their respective reasonable best efforts to
use the proceeds from the sale of the Series A Notes in the manner described in
the Offering Circular under the caption "Use of Proceeds."

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         (h) Waiver of Certain Laws. To the extent it may lawfully do so, not to
insist upon, plead, or in any manner whatsoever claim or take the benefit or
advantage of, any stay, extension usury or other law, wherever enacted, now or
at any time hereafter in force, that would prohibit or forgive the payment of
all or any portion of the principal of or interest on the Notes, or that may
affect the covenants or the performance of the Indenture (and, to the extent it
may lawfully do so, each Issuer hereby expressly waives all benefit or advantage
of any such law, and covenants that it shall not, by resort to any such law,
hinder, delay or impede the execution of any power granted to the Trustee in the
Indenture but shall suffer and permit the execution of every such power as
though no such law had been enacted).

         (i) Integration. Not to, and to ensure that no affiliate (as defined in
Rule 501(b) under the Act) of any of the Issuers or Subsidiary Guarantors will,
sell, offer for sale or solicit offers to buy or otherwise negotiate in respect
of any "security" (as defined in the Act) that would be integrated with the sale
of the Series A Notes in a manner that would require the registration under the
Act of the sale to the Initial Purchaser or of offers or sales of Series A Notes
pursuant to Exempt Resales.

         (j) Rule 144A Information. For so long as any of the Series A Notes
remain outstanding, during any period in which either of the Issuers is not
subject to Section 13 or 15(d) of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), to make available, upon request, to any holder of
the Notes in connection with any sale thereof, the information required by Rule
144A(d)(4) under the Act.

         (k) DTC. To obtain the approval of DTC for "book entry" transfer of the
Notes, and to comply with the representation letter of the Issuers and the
Subsidiary Guarantors to DTC relating to the approval of the Notes by DTC for
"book entry" transfer.

         (l) PORTAL. To use its best efforts to effect the inclusion of the
Series A Notes in PORTAL and to use its best efforts to maintain the listing of
the Series A Notes on PORTAL for so long as the Series A Notes are outstanding.

         (m) Reporting Requirements. For so long as any of the Notes are
outstanding, (i) to furnish to the Trustee and deliver or cause to be delivered
to the holders of the Notes and the Initial Purchaser, within 15 days after
either Issuer is or would have been required to file such with the Commission,
(A) all quarterly and annual financial information that would be required to be
contained in a filing with the Commission on Forms 10-Q and 10-K if the Issuers
were required to file such Forms, including for each a "Management's Discussion
and Analysis of Financial Condition and Results of Operations" and, with respect
to the annual information only, a report thereon by the Issuers' independent
certified public accountants and (B) all information that would be required to
be contained in a filing with the Commission on Form 8-K if the Issuers were
required to file such reports, provided, however, that in no case shall the
Company be required to furnish materials pursuant to this paragraph which are
filed and publicly accessible via EDGAR and (ii) from and after the time the
Exchange Offer Registration Statement or the Shelf Registration Statement (or
other registration statement under the Act with respect to the Notes) is filed
with the Commission, to file such information with the Commission so long as the
Commission will accept such filings.

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         (n) No Selling Efforts or General Solicitation. Except in connection
with the Registered Exchange Offer or the filing of the Shelf Registration
Statement, not to, and not to authorize or permit any person acting on its
behalf to, (i) distribute any offering material in connection with the offer and
sale of the Series A Notes other than the Preliminary Offering Circular and the
Offering Circular and any amendments and supplements to the Offering Circular
prepared in compliance with this Agreement, or (ii) solicit any offer to buy or
offer to sell the Series A Notes by means of any form of general solicitation or
general advertising (including, without limitation, as such terms are used in
Regulation D under the Act) or in any manner involving a public offering within
the meaning of Section 4(2) of the Act.

         (o) No Similar Offerings. Except as described in the Offering Circular,
during the period beginning on the date hereof and continuing to and including
the Closing Date, not to, directly or indirectly, without the prior consent of
the Initial Purchaser, offer, sell, contract to sell, grant any option to
purchase or otherwise dispose of (or announce any offer or sale of, contract to
sell, grant of any option to purchase or other disposition of) any debt
securities of any of the Issuers or Subsidiary Guarantors substantially similar
to the Notes and the Guarantees; provided, that the foregoing will not apply to
(i) the Notes and the Guarantees, (ii) borrowings from financial institutions,
(iii) the Senior Secured Notes and any guarantees thereunder and (iv) the
Discount Notes, in the case of each of clauses (i) through (iv) of this Section
5(o), only to the extent not prohibited by the Indenture.

         (p) Performance of Agreements. To comply in all material respects with
all of its agreements set forth in the Documents, and to use its reasonable best
efforts to do and perform all things required or necessary to be done and
performed under this Agreement by it prior to the Closing Date and to satisfy
all conditions precedent to the delivery of the Series A Notes and the
Guarantees.

         6. Representations and Warranties of the Issuers and the Subsidiary
Guarantors. As of the date hereof, each of the Issuers and the Subsidiary
Guarantors, jointly and severally, represents and warrants to the Initial
Purchaser that:

         (a) Offering Circular. The Preliminary Offering Circular as of its date
did not, and the Offering Circular, as of its date did not, and as of the
Closing Date will not, and each supplement or amendment therto as of its date
will not, contain any untrue statement of a material fact or omit to state any
material fact (except, in the case of the Preliminary Offering Circular, for
pricing terms and other financial terms intentionally left blank) necessary in
order to make the statements therein, in the light of the circumstances under
which they were made, not misleading. The foregoing representation and warranty
made in this Section 6(a) shall not apply to any statements or omissions made in
reliance on and in conformity with information relating to the Initial Purchaser
furnished in writing to the Issuers by the Initial Purchaser specifically for
inclusion in the Preliminary Offering Circular or the Offering Circular. The
parties hereto acknowledge that for purposes of this Agreement (including this
Section 6(a) and Section 8) the only information furnished in writing to the
Issuers by the Initial Purchaser specifically for inclusion in the Preliminary
Offering Circular or the Offering Circular is the information set forth (i) on
the cover page of the Offering Circular with respect to the price of the Notes,
Senior Notes and Discount Notes (ii) in the third paragraph on page 185 of the
Offering Circular concerning offering the Notes, Senior Notes and Discount Notes
for resale by the Initial

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Purchaser, (iii) in the fifth paragraph on page 185 of the Offering Circular
concerning market-making by the Initial Purchaser, (iv) in the sixth paragraph
on page 185 of the Offering Circular concerning stabilization by the Initial
Purchaser and (v) in the first full paragraph on page 186 of the Offering
Circular concerning the affiliation of the Initial Purchaser and their
respective affiliates with the Issuers and their affiliates (such information
described in the immediately preceding clauses (i) through (v) of this Section
6(a), the "Furnished Information"). Each of the Preliminary Offering Circular
and the Offering Circular, as of their respective dates contained, and the
Offering Circular, as of the Closing Date and as amended or supplemented, will
contain, all of the information required by Rule 144A(d)(4) under the Act. Each
of the Documents, as executed and delivered, and each of the Transactions,
conforms to the description thereof in the Offering Circular.

         (b) Due Organization; Good Standing. Each of the Issuers and Subsidiary
Guarantors (i) has been duly organized, is validly existing and is in good
standing under the laws of its jurisdiction of organization, (ii) has all
requisite power and authority to conduct and carry on its business and to own,
lease, use and operate its properties and assets as described in the Offering
Circular, and (iii) is duly qualified or licensed to do business and is in good
standing as a foreign limited liability company or corporation, as the case may
be, authorized to do business in each jurisdiction in which the nature of its
business or the ownership, leasing, use or operation of its properties and
assets requires such qualification or licensing, except where failure to be so
qualified or licensed and in good standing would not have a material adverse
effect on (A) the properties, business, operations, earnings, assets,
liabilities or condition (financial or otherwise) of the Issuers and the
Subsidiary Guarantors, taken as a whole, (B) the ability of the Issuers and
Subsidiary Guarantors to perform their obligations under any of the Documents,
or (C) the validity of any of the Documents or the consummation of any of the
Transactions (each, a "Material Adverse Effect").

         (c) Subsidiaries. Immediately following the Closing, (i) Capital II
will have no subsidiaries, (ii) the only subsidiaries of the Company will be
Capital, Capital II and the Subsidiary Guarantors (collectively, the
"Subsidiaries" and each, a "Subsidiary"), (iii) the Company will directly or
indirectly own 100% of the outstanding shares of capital stock, membership
interests or other equity interests in Capital and each Subsidiary, in each
case, free and clear of all Liens, except for Permitted Liens and (iv) Majestic
Holdco, LLC will directly own 100% of the outstanding membership interests in
the Company free and clear of all Liens, except for Permitted Liens. Except as
disclosed in the Offering Circular, there are no outstanding (i) securities
convertible into or exchangeable for any capital stock of, or any membership
interests in, as the case may be, any of the Issuers or Subsidiary Guarantors,
(ii) options, warrants or other rights to purchase or subscribe for any capital
stock of or any membership interests in, or any securities convertible into or
exchangeable for any capital stock of or any membership interests in, as the
case may be, any of the Issuers or Subsidiary Guarantors or (iii) contracts,
commitments, agreements, understandings, arrangements, undertakings, rights,
calls or claims of any kind relating to the issuance of any capital stock of, or
any membership interests in, as the case may be, any of the Issuers or
Subsidiary Guarantors, any such convertible or exchangeable securities or any
such options, warrants or rights. Except as set forth above, immediately
following the Closing, none of the Issuers or Subsidiary Guarantors will
directly or indirectly own any capital stock of or other equity interest in any
person.

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         (d) Capitalization. All of the outstanding membership interests,
capital stock or other equity interests in the Company and each of the
Subsidiaries are validly issued and were not issued in violation of, and are not
subject to, any preemptive or similar rights. The table under the caption
"Capitalization" in the Offering Circular (including the footnotes thereto) sets
forth, as of its date, the pro forma capitalization of the Issuers and the
Subsidiaries, on a consolidated basis, after giving effect to the Transactions
and the Acquisition. Immediately following the Closing, except as set forth in
such table, neither of the Issuers nor any of the Subsidiaries will have any
liabilities, absolute, accrued, contingent or otherwise other than (i)
liabilities that are reflected in the Financial Statements (as defined herein),
(ii) liabilities incurred subsequent to September 30, 2005, in the ordinary
course of business, consistent with past practice, that would not, singly or in
the aggregate, have a Material Adverse Effect, or (iii) loans made under the
Amended Credit Facility.

         (e) No Other Registration Rights. Except for this Agreement, the
Registration Rights Agreement, the registration rights agreement relating to the
Senior Secured Notes, the purchase agreement relating to the Senior Secured
Notes and the Stock Purchase Agreement, there are no contracts, commitments,
agreements, arrangements, understandings or undertakings of any kind to which
any of the Issuers or Subsidiary Guarantors is a party, or by which any of them
is bound, granting to any person the right (i) to require either of the Issuers
or any Subsidiary Guarantor to file a registration statement under the Act with
respect to any securities of either of the Issuers or any Subsidiary Guarantor
or requiring either of the Issuers or any Subsidiary Guarantor to include such
securities with the Notes registered pursuant to any registration statement, or
(ii) to purchase or offer to purchase any securities of any of the Issuers or
Subsidiary Guarantors.

         (f) Power and Authority. Each of the Issuers and Subsidiary Guarantors
has all requisite power and authority to execute and deliver, and to perform its
obligations under, the Documents to which it is a party and to consummate the
transactions contemplated thereby.

         (g) Authorization of this Agreement. This Agreement and the
Transactions have been duly authorized by each of the Issuers and the Subsidiary
Guarantors (other than Trump), and this Agreement has been validly executed and
delivered by, and is the legal, valid and binding obligation of, each of the
Issuers and the Subsidiary Guarantors (other than Trump), enforceable against
each of the Issuers and the Subsidiary Guarantors (other than Trump) in
accordance with its terms, and, effective upon consummation of the Acquisition,
will be duly authorized, validly executed and delivered by, and will become the
legal, valid and binding obligation of Trump enforceable against Trump in
accordance with its terms, except that (i) such enforceability may be limited by
applicable bankruptcy, insolvency or similar laws affecting creditors' rights
generally, (ii) any rights of acceleration and the availability of equitable
remedies may be subject to general principles of equity (whether considered in a
proceeding in equity or at law) and (iii) the enforceability of the provisions
of Section 8 providing for the indemnification of or contribution to a party
with respect to a liability may be limited if such provisions violate or are
contrary to public policy under applicable law.

         (h) Authorization of Indenture. The Indenture and the transactions
contemplated thereby have been duly authorized by each of the Issuers and the
Subsidiary Guarantors (other than Trump) and, effective upon the consummation of
the Acquisition, will be duly authorized

                                       9
<PAGE>

by Trump, and, on the Closing Date, the Indenture will have been validly
executed and delivered by, and will be the legal, valid and binding obligation
of, each of the Issuers and the Subsidiary Guarantors, enforceable against each
of the Issuers and the Subsidiary Guarantors in accordance with its terms,
except that (i) such enforceability may be limited by applicable bankruptcy,
insolvency or similar laws affecting creditors' rights generally and (ii) any
rights of acceleration and the availability of equitable remedies may be subject
to general principles of equity (whether considered in a proceeding in equity or
at law). On the Closing Date, the Indenture will conform to the requirements of
the Trust Indenture Act of 1939, as amended (the "TIA"), applicable to an
indenture that is required to be qualified under the TIA.

         (i) Authorization of Registration Rights Agreement. The Registration
Rights Agreement and the transactions contemplated thereby have been duly
authorized by each of the Issuers and the Subsidiary Guarantors (other than
Trump) and, effective upon the consummation of the Acquisition, will be validly
authorized by Trump, and, on the Closing Date, the Registration Rights Agreement
will have been validly executed and delivered by, and will be the legal, valid
and binding obligation of, each of the Issuers and the Subsidiary Guarantors,
enforceable against each of the Issuers and the Subsidiary Guarantors in
accordance with its terms, except that (i) such enforceability may be limited by
applicable bankruptcy, insolvency or similar laws affecting creditors' rights
generally, (ii) any rights of acceleration and the availability of equitable
remedies may be subject to general principles of equity (whether considered in a
proceeding in equity or at law) and (iii) the enforceability of the provisions
thereof providing for the indemnification of or contribution to a party with
respect to a liability may be limited if such provisions violate or are contrary
to public policy under applicable law.

         (j) Authorization of Series A Notes. The Series A Notes have been duly
authorized by each of the Issuers for issuance and sale to the Initial Purchaser
pursuant to this Agreement and, on the Closing Date, will have been validly
executed, authenticated, issued and delivered by the Issuers in accordance with
the terms of this Agreement and the Indenture. When the Series A Notes have been
issued, executed and authenticated in accordance with the terms of the Indenture
and delivered to and paid for by the Initial Purchaser in accordance with the
terms of this Agreement, the Series A Notes will be legal, valid and binding
obligations of each of the Issuers, entitled to the benefits of the Indenture
and enforceable against each of the Issuers in accordance with their terms,
except to the extent that (i) such enforceability may be limited by applicable
bankruptcy, insolvency or similar laws affecting creditors' rights generally and
(ii) any rights of acceleration and the availability of equitable remedies may
be subject to general principles of equity (whether considered in a proceeding
in equity or at law). The Notes rank and will rank on a parity with all senior
Indebtedness (as defined in the Indenture) of each of the Issuers that is
outstanding on the date hereof or that may be incurred hereafter and senior to
all other Indebtedness of each of the Issuers that is outstanding on the date
hereof or that may be incurred hereafter.

         (k) Authorization of Series B Notes. The Series B Notes have been duly
authorized by each of the Issuers and, when issued in the Registered Exchange
Offer, (A) will have been validly executed, authenticated, issued and delivered
in accordance with the terms of the Indenture, the Registration Rights Agreement
and the Registered Exchange Offer and (B) will be legal, valid and binding
obligations of each of the Issuers, entitled to the benefits of the Indenture
and enforceable against each of the Issuers in accordance with their terms,
except to the extent

                                       10

<PAGE>

that (i) such enforceability may be limited by applicable bankruptcy, insolvency
or similar laws affecting creditors' rights generally and (ii) any rights of
acceleration and the availability of equitable remedies may be subject to
general principles of equity (whether considered in a proceeding in equity or at
law).

         (l) No Violation. The Company is not in violation of its certificate of
formation or operating agreement (the "Company Charter Documents"), Capital II
is not in violation of its charter or bylaws (the "Capital II Charter
Documents"), Capital is not in violation of its charter or bylaws (the "Capital
Charter Documents") and none of the Subsidiary Guarantors is in violation of its
certificate of formation or charter, as the case may be, or operating agreement
or bylaws, as the case may be, (the "Subsidiary Guarantor Charter Documents"
and, collectively with the Capital Charter Documents, the Capital II Charter
Documents and the Company Charter Documents, the "Charter Documents"). None of
the Issuers and Subsidiary Guarantors is (i) in violation of any applicable
federal, state, local or foreign statute, law or ordinance, or any judgment,
decree, rule, regulation or order, including, without limitation, the Indiana
Riverboat Gambling Act, the Mississippi Gaming Control Act and the Colorado
Limited Gaming Act of 1991, in each case including the rules and regulations
promulgated thereunder (collectively, "Applicable Law"), of any government,
governmental or regulatory agency or body (including, without limitation, the
Indiana Gaming Commission, the Mississippi Gaming Commission, the Colorado
Limited Gaming Control Commission, the Colorado Division of Gaming or other
applicable gaming authority (each, a "Gaming Authority")), court, arbitrator or
self-regulatory organization, domestic or foreign (each, a "Governmental
Authority"), other than violations that would not, singly or in the aggregate,
have a Material Adverse Effect, or (ii) in breach of or default under any bond,
debenture, note or other evidence of indebtedness, indenture, mortgage, deed of
trust, lease or any other agreement or instrument to which any such person is a
party or by which any of them or any of their respective property is bound
(collectively, "Applicable Agreements"), other than breaches or defaults that
would not, singly or in the aggregate, have a Material Adverse Effect. There
exists no condition that, with the passage of time or otherwise, would (x)
constitute a violation of such Charter Documents or Applicable Laws or (y)
constitute a breach of or default under any Applicable Agreement or (z) result
in the imposition of any penalty or the acceleration of any indebtedness, other
than, in the case of the immediately preceding clauses (y) and (z), such
breaches, penalties or defaults that would not, singly or in the aggregate, have
a Material Adverse Effect. All Applicable Agreements are in full force and
effect and are legal, valid and binding obligations, and no default has occurred
or is continuing thereunder, other than such defaults that would not, singly or
in the aggregate, have a Material Adverse Effect.

         (m) No Conflict. None of the execution, delivery or performance by the
Issuers or the Subsidiary Guarantors of any of the Documents to which they are
or will become parties, nor the compliance with the terms and provisions
thereof, nor the consummation of any of the Transactions shall conflict with,
violate, constitute a breach of or a default (with the passage of time or
otherwise) under, requires the consent of any person (other than consents
already obtained and in full force and effect or that will have been obtained on
or prior to the Closing Date) under, results in the imposition of a Lien on any
assets or capital stock of, or membership interests in, either of the Issuers or
any of the Subsidiaries (other than Permitted Liens), or results in an
acceleration of indebtedness under, or pursuant to, (i) the Charter Documents,
(ii) any Applicable Agreement, or (iii) any Applicable Law, assuming, in the
case of any Exempt Resales

                                       11

<PAGE>

made to Accredited Investors, the accuracy of the representations and warranties
of such Accredited Investors contained in letters of representations in the form
of Annex A attached to the Offering Circular executed by such Accredited
Investors. After giving effect to the Transactions, no Default or Event of
Default will exist.

         (n) Permits. No permit, certificate, authorization, approval, consent,
license or order of, or filing, registration, declaration or qualification with,
any Governmental Authority or any other person (collectively, "Permits") is
required in connection with, or as a condition to, the execution, delivery or
performance of any of the Documents, the compliance with the terms and
provisions thereof or the consummation of any of the Transactions, other than
(i) such Permits as have been made or obtained on or prior to the Closing Date,
which Permits are in full force and effect on the Closing Date, (ii) such
Permits, the failure of which to make or obtain would not, singly or in the
aggregate, have a Material Adverse Effect, (iii) the filing of the Exchange
Offer Registration Statement and, if required by the Registration Rights
Agreement, the Shelf Registration Statement, with applicable Gaming Authorities,
(iv) the approval of the Indiana Gaming Commission of the Documents prior to
Closing, (v) the filing of loan reports with the Mississippi Gaming Commission
pursuant to MGC Regulation II Licensing I, Section 11 with respect to the
offering of the Notes and the transactions related to the Amended Credit
Facility and (vi) the Colorado Division of Gaming and the Colorado Gaming
Commission post-closing regulatory approval (the Permits described in clauses
(iii), (v) and (vi) of this Section 6(n), collectively, the "Post-Closing
Permits").

         (o) No Proceedings. There is no action, claim, suit, demand, hearing,
notice of violation or deficiency, or proceeding (including, without limitation,
any investigation or partial proceeding, such as a deposition), domestic or
foreign (collectively, "Proceedings"), pending or, to the knowledge of the
Issuers or the Subsidiary Guarantors, threatened (i) either with respect to any
of the Issuers and Subsidiary Guarantors in connection with, or that seeks to
restrain, enjoin, prevent the consummation of, or otherwise challenge, any of
the Documents or any of the Transactions, or (ii) that could, singly or in the
aggregate, have a Material Adverse Effect. Other than rules and regulations of
Gaming Authorities, none of the Issuers and Subsidiary Guarantors is subject to
any judgment, order, decree, rule or regulation of any Governmental Authority
that could, singly or in the aggregate, have a Material Adverse Effect. No
injunction or order has been issued and no Proceeding is pending or, to the
knowledge of the Issuers and the Subsidiary Guarantors, threatened that (i)
asserts that the offer, sale and delivery of the Series A Notes and the
Guarantees to the Initial Purchaser pursuant to this Agreement or the initial
resale of the Series A Notes and the Guarantees by the Initial Purchaser in the
manner contemplated by this Agreement is subject to the registration
requirements of the Act, or (ii) would prevent or suspend the issuance or sale
of the Notes, including the Exempt Resales, or the use of the Preliminary
Offering Circular, the Offering Circular, or any amendment or supplement
thereto, in any jurisdiction.

         (p) Regulated Persons. Each of the Issuers and the Subsidiary
Guarantors and each of their respective directors, members, managers, officers
and employees (each of the Issuers and the Subsidiary Guarantors and each of
such other persons, a "Regulated Person" and, collectively, the "Regulated
Persons") has all Permits (including, without limitation, Permits with respect
to engaging in gaming operations) necessary or advisable to own, lease, use and
operate the properties and assets and to conduct and carry on the businesses
described in the

                                       12
<PAGE>

Offering Circular, other than such Permits the failure of which to have would
not, singly or in the aggregate, have a Material Adverse Effect on the Exchange
Offer. All such Permits are valid and in full force and effect. Each of the
Regulated Persons is in compliance with the terms and conditions of all Permits
(including, without limitation, Permits with respect to engaging in gaming
operations) necessary or advisable to own, lease, use and operate the properties
and assets and to conduct and carry on the businesses described in the Offering
Circular, other than where such failure to be in compliance would not, singly or
in the aggregate, have a Material Adverse Effect. None of the execution,
delivery or performance of any of the Documents, nor the compliance with the
terms and provisions thereof, nor the consummation of any of the Transactions
will allow or result in, and no event has occurred which allows or results in,
or after notice or lapse of time would allow or result in, the imposition of any
material penalty under, or the revocation or termination of, any such Permit or
any material impairment of the rights of the holder of any such Permit. None of
the Issuers or Subsidiary Guarantors has any reason to believe that any
Regulated Person is considering limiting, conditioning, suspending, modifying,
revoking or not renewing any such Permit.

         (q) No Investigations of Regulated Persons. To the knowledge of the
Issuers and the Subsidiary Guarantors, (i) no Governmental Authority is
investigating any Regulated Person, other than ongoing general oversight
investigations conducted in the ordinary course of business, and (ii) there is
no basis for any of the Gaming Authorities to deny the renewal of the current
Permits held by any of the Regulated Persons.

         (r) Title to Assets. Immediately following the Closing, each of the
Issuers and each of the Subsidiary Guarantors (i) will have good and marketable
title, free and clear of all Liens (other than Permitted Liens), to all property
and assets described in the Offering Circular to be owned by it, (ii) will enjoy
peaceful and undisturbed possession under all leases of real property and under
all material leases to which it is a party as lessee and (iii) will hold a valid
leasehold interest with respect to each such lease. Capital and Capital II have
no material assets.

         (s) Sufficiency and Condition of Assets. The assets of each of the
Issuers and the Subsidiary Guarantors include all of the assets and properties
necessary or required in, or otherwise material to, the conduct of the
businesses of each of them as currently conducted and as proposed to be
conducted, and such assets are in working condition, except where the failure of
such assets to be in working condition would not, singly or in the aggregate,
have a Material Adverse Effect.

         (t) Insurance. Each of the Issuers and the Subsidiaries maintains
reasonably adequate insurance covering its properties, operations, personnel and
businesses against losses and risks in accordance with customary industry
practice. All such insurance is outstanding and duly in force.

         (u) Real Property. No condemnation, eminent domain, or similar
proceeding exists, is pending or, to the knowledge of the Issuers and the
Subsidiary Guarantors, is threatened, with respect to or that could affect any
properties or assets of either of the Issuers or any of the Subsidiary
Guarantors, except for such proceedings as would not, singly or in the
aggregate, have a Material Adverse Effect. No owned real property of either of
the Issuers or any of the Subsidiary Guarantors is subject to any sales
contract, option, right of first refusal or similar

                                       13

<PAGE>

agreement or arrangement with any third party. There is no real property
currently under contract or subject to an option in favor of any of the Issuers
or any of the Subsidiary Guarantors, except for real property which the failure
of the Issuers or any of the Subsidiary Guarantors to acquire, would not, singly
or in the aggregate, have a Material Adverse Effect.

         (v) Related Party Transactions. Except as adequately disclosed in the
Offering Circular, there are no related party transactions that would be
required to be disclosed in the Offering Circular if the Offering Circular were
a prospectus included in a registration statement on Form S-1 filed under the
Act.

         (w) Taxes. All tax returns required to be filed by either of the
Issuers or by any of the Subsidiary Guarantors in any jurisdiction (including
foreign jurisdictions) have been filed and, when filed, all such returns were
accurate in all material respects, and all taxes, assessments, fees and other
charges (including, without limitation, withholding taxes, penalties and
interest) due or claimed to be due from either of the Issuers or from any of the
Subsidiary Guarantors have been paid, other than those being contested in good
faith by appropriate proceedings, or those that are currently payable without
penalty or interest and, in each case, for which an adequate reserve or accrual
has been established on the books and records of the Issuers or the Subsidiary
Guarantors, as applicable, in accordance with generally accepted accounting
principles of the United States, consistently applied ("GAAP"). Except as
disclosed in the Offering Circular, there are no actual or proposed additional
tax assessments for any tax period against either of the Issuers or against any
of the Subsidiary Guarantors that could, singly or in the aggregate, have a
Material Adverse Effect. The charges, accruals and reserves on the books and
records of the Issuers and the Subsidiary Guarantors, as applicable, in respect
of any tax liability for any tax periods not finally determined are adequate to
meet any assessments of tax or re-assessments of additional tax for any such
period.

         (x) Intellectual Property. The Issuers and the Subsidiary Guarantors
own or possess, or are licensed under, and have the right to use, all patents,
patent rights, licenses, inventions, copyrights, know-how (including trade
secrets and other unpatented and/or unpatentable proprietary or confidential
information, systems or procedures), trademarks, service marks and trade names
(collectively, "Intellectual Property") currently used in, currently proposed to
be used in, or necessary for the conduct of, their businesses, free and clear of
all Liens, other than Permitted Liens, except where the failure to own or
possess or otherwise be able to acquire such Intellectual Property would not,
singly or in the aggregate, have a Material Adverse Effect. Except as disclosed
in the Offering Circular, to the knowledge of the Issuers and the Subsidiary
Guarantors, no claims have been asserted by any person challenging the use of
any such Intellectual Property by any of the Issuers or the Subsidiary
Guarantors or questioning the validity or effectiveness of any license or
agreement related thereto, and to the knowledge of the Issuers and the
Subsidiary Guarantors, there is no valid basis for any such claim, and to the
knowledge of the Issuers and the Subsidiary Guarantors, the use of such
Intellectual Property by the Issuers and the Subsidiary Guarantors will not
infringe on the Intellectual Property rights of any other person.

         (y) Accounting Controls. Each of the Issuers and the Subsidiary
Guarantors maintains a system of internal accounting controls sufficient to
provide reasonable assurance that (i) material transactions are executed in
accordance with management's general or specific

                                       14

<PAGE>

authorization, (ii) material transactions are recorded as necessary to permit
preparation of financial statements in conformity with GAAP, and to maintain
asset accountability, (iii) access to assets is permitted only in accordance
with management's general or specific authorization, and (iv) the recorded
accountability for assets is compared with the existing assets at reasonable
intervals and appropriate action is taken with respect to any material
differences.

         (z) Financial Statements. The audited historical consolidated financial
statements and related notes of the Company and its subsidiaries and the audited
historical financial statements and related notes of Trump Indiana, Inc.,
Buffington Harbor Riverboats, LLC and Buffington Harbor Parking Associates, LLC
contained in the Offering Circular (the "Audited Financial Statements") and the
unaudited consolidated historical financial statements and related notes of the
Company and its subsidiaries and the unaudited historical financial statements
and related notes of Trump Indiana, Inc. contained in the Offering Circular (the
"Interim Financial Statements" and, together with the Audited Financial
Statements, the "Financial Statements") present fairly the financial position,
results of operations and cash flows of such entities on the basis stated in the
Offering Circular, as of the respective dates and for the respective periods to
which they apply, and have been prepared in accordance with GAAP consistently
applied throughout the periods involved, except as disclosed in the Financial
Statements. The summary historical financial data included in the Offering
Circular have been prepared on a basis consistent with that of the Financial
Statements and present fairly the financial position and results of operations
of the applicable entities, as of the respective dates and for the respective
periods indicated.

         The unaudited pro forma condensed combined financial statements and
related notes, excluding EBITDA and Adjusted EBITDA data, included in the
Offering Circular (i) comply with the requirements of Regulation S-X that would
be applicable if the Offering Circular were a prospectus included in a
registration statement on Form S-1 filed under the Act (the "S-X Requirements")
and all other rules and guidelines of the Commission with respect to pro forma
financial statements, (ii) present fairly the unaudited pro forma condensed
combined financial position and results of operations of the entities described
in the Offering Circular as of the dates and for the periods indicated, after
giving effect to the Transactions, the Acquisition, and the other transactions
described in the Offering Circular, (iii) have been prepared on a basis
consistent with the Financial Statements, except for the pro forma adjustments
specified therein, and (iv) are based on good faith, reasonable estimates and
assumptions of the Company. Except as described in the Offering Circular, the
summary unaudited pro forma financial data included in the Offering Circular has
been derived from such pro forma financial statements and presents fairly the
pro forma consolidated financial position and results operations of the entities
described in the Offering Circular as of the respective dates and for the
respective periods indicated.

         All other financial and statistical data regarding the Issuers and the
Subsidiaries included in the Offering Circular are fairly and accurately
presented. To the knowledge of the Company, (i) PricewaterhouseCoopers LLP, the
accountants who have audited the financial statements of the Issuers and the
Subsidiaries (other than Trump), included as part of the Preliminary Offering
Circular and the Offering Circular and (ii) Ernst & Young LLP, the accountants
who have audited the financial statements of Trump, included as part of the
Preliminary Offering Circular and the Offering Circular, are independent
certified public accountants with respect to the

                                       15

<PAGE>

Company and the Subsidiaries (other than Trump) and Trump, as applicable, under
Rule 101 of the AICPA's code of Professional conduct and its interpretations and
rulings, during the periods covered by the financial statements on which they
reported included in the Offering Circular.

         To the knowledge of the Company (i) at October 31, 2005, there was no
material (x) change in the capital stock, (y) increase in long-term debt or (z)
decrease in consolidated net current assets or stockholders' equity of the
Company, on a consolidated basis, as compared with amounts shown in the
September 30, 2005, unaudited consolidated balance sheet included in the
Offering Circular, or (ii) for the period from September 30, 2005 to October 31,
2005, there was no material decrease, as compared to the corresponding period in
the preceding year, in consolidated net sales or in the total amounts of income
before extraordinary items or of net income, except in all instances for
changes, increases or decreases that the Offering Circular discloses have
occurred or may occur.

         No financial statements as of any date or for any period subsequent to
October 31, 2005, are available. However, to the Company's knowledge, (i) at
November 30, 2005, there was no material (x) change in the capital stock (y)
increase in long-term debt or (z) material decrease in consolidated net current
assets or stockholders' equity of the Company, on a consolidated basis, as
compared with amounts shown in the September 30, 2005, unaudited consolidated
balance sheet included in the Offering Circular, or (ii) for the period from
October 31, 2005 to November 30, 2005, there was no material decrease, as
compared to the corresponding period in the preceding year, in consolidated net
sales or in the total amounts of income before extraordinary items or of net
income, except in all instances for changes, increases or decreases that the
Offering Circular discloses have occurred or may occur.

         (aa) No Material Adverse Change. Subsequent to the respective dates as
of which information is given in the Offering Circular, except as adequately
disclosed in the Offering Circular, and except for the Acquisition and the
Transactions (i) neither of the Issuers nor any of the Subsidiary Guarantors has
incurred any liabilities, direct or contingent, that are material, singly or in
the aggregate, to any of them, or has entered into any material transactions not
in the ordinary course of business, (ii) there has not been any material
decrease in the capital stock or membership interests, as the case may be, or
any material increase in long-term indebtedness or any material increase in
short-term indebtedness of any of the Issuers or the Subsidiary Guarantors, or
any payment of or declaration to pay any dividends or any other distribution
with respect to any of the Issuers or the Subsidiary Guarantors, and (iii) there
has not been any material adverse change in the properties, business,
operations, earnings, assets, liabilities or condition (financial or otherwise)
of the Issuers and the Subsidiary Guarantors taken as a whole (each of clauses
(i), (ii) and (iii), a "Material Adverse Change"). Except as disclosed in the
Offering Circular, to the knowledge of the Issuers and the Subsidiary
Guarantors, there is no event that has occurred or that is reasonably likely to
occur which, if it were to occur, could reasonably be expected to, singly or in
the aggregate, have a Material Adverse Effect or result in a Material Adverse
Change.

         (bb) Ratings. No "nationally recognized statistical rating
organization" as such term is defined for purposes of Rule 436(g)(2) under the
Act (i) has imposed (or has informed either of the Issuers or any Subsidiary
Guarantor that it is considering imposing) any condition (financial or
otherwise) on the Issuers' or any Subsidiary Guarantor's retaining any rating
assigned to any

                                       16
<PAGE>

securities of either of the Issuers or any Subsidiary Guarantor, or (ii) has
indicated to either of the Issuers or any Subsidiary Guarantor that it is
considering (A) the downgrading, suspension, or withdrawal of, or any review for
a possible change that does not indicate the direction of the possible change
in, any rating so assigned, or (B) any change in the outlook for any rating of
any securities of either of the Issuers or any Subsidiary Guarantor.

         (cc) Solvency. Each of the Issuers and each Subsidiary Guarantor is
incurring its respective indebtedness under the Series A Notes and the
Guarantees for proper purposes and in good faith. Immediately before and after
giving effect to the issuance of the Series A Notes, (i) the assets of the
Issuers and their subsidiaries (including the Subsidiary Guarantors), considered
as a whole and as a going concern, at a fair valuation, will exceed the sum of
their debts, taken as a whole; (ii) the present fair salable value of the assets
of the Issuers and their subsidiaries (including the Subsidiary Guarantors),
considered as a whole and as a going concern, will exceed the amount required to
pay their liability on their debts, taken as a whole; (iii) each of the Issuers
will have adequate capital with which to conduct their respective present and
anticipated businesses; and (iv) neither the Issuers nor any Subsidiary
Guarantor will intend to incur or believe or reasonably should believe that it
will incur debts beyond its ability to pay as those debts become due. Neither
Issuer is aware of any reason why it would be inappropriate to consider, for
purposes of clauses (i) and (ii) above, the Issuers and the Subsidiaries as a
going concern. For purposes of this paragraph, "debts" includes contingent and
unliquidated debts.

         (dd) No Solicitation. Neither of the Issuers nor any of their
affiliates nor anyone acting on their behalf has (i) taken, directly or
indirectly, any action designed to cause or to result in, or that has
constituted or which might reasonably be expected to constitute, the
stabilization or manipulation of the price of the Notes or to facilitate the
sale or resale of any of the Notes, (ii) sold, bid for, purchased, or paid
anyone any compensation for soliciting purchases of, any of the Notes, or (iii)
paid or agreed to pay to any person any compensation for soliciting another to
purchase any other securities of either of the Issuers.

         (ee) No Registration of Notes. Without limiting any provision herein,
no registration under the Act, and no qualification of the Indenture under the
TIA is required for the sale of the Series A Notes and the Guarantees to the
Initial Purchaser as contemplated hereby or for the Exempt Resales, assuming (i)
that the purchasers in the Exempt Resales are QIBs, Accredited Investors or
non-U.S. persons (as defined under Regulation S under the Act), (ii) the
accuracy of the Initial Purchaser's representations contained in Section 7, and
(iii) the accuracy of the representations made by each Accredited Investor who
purchases the Series A Notes pursuant to an Exempt Resale as set forth in the
letter of representation in the form of Annex A to the Offering Circular. No
form of general solicitation or general advertising (including, without
limitation, as such terms are used in Regulation D under the Act) was used by
either of the Issuers or any of their respective affiliates or any of their
respective representatives in connection with the offer and sale of any of the
Series A Notes or in connection with Exempt Resales. No securities of the same
class as the Series A Notes have been offered, issued or sold by either of the
Issuers or any of their respective affiliates within the six-month period
immediately prior to the date hereof.

         (ff) ERISA. The Issuers have disclosed to the Initial Purchaser each
employee benefit plan maintained by the Issuers and their Affiliates which is a
"plan" within the meaning of

                                       17
<PAGE>

Section 4975(e)(i) of the Internal Revenue Code of 1986, as amended, or the
regulations promulgated thereunder (the "Code"). No condition exists or event or
transaction has occurred in connection with any employee benefit plan that could
result in either of the Issuers or any such "Affiliate" incurring any liability,
fine or penalty that could, singly or in the aggregate, have a Material Adverse
Effect. Neither of the Issuers nor any Affiliate maintains any employee pension
benefit plan that is subject to Title IV of the Employee Retirement Income
Security Act of 1974, as amended, or the rules and regulations promulgated
thereunder ("ERISA"). The terms "employee benefit plan" and "employee pension
benefit plan" shall have the meanings assigned to such terms in Section 3 of
ERISA. The term "Affiliate" shall have the meaning assigned to such term in
Section 407(d)(7) of ERISA.

         (gg) Investment Company Act and Other Federal Regulations. None of the
Issuers nor any of the Subsidiaries has taken, and none of them will take, any
action that may cause this Agreement or the issuance of the Series A Notes to,
and none of the Transactions will, violate or result in a violation of Section 7
of the Exchange Act (including, without limitation, Regulation T (12 C.F.R. Part
220), Regulation U (12 C.F.R. Part 221) or Regulation X (12 C.F.R. Part 224) of
the Board of Governors of the Federal Reserve System). Neither of the Issuers or
any of the Subsidiaries is subject to regulation, or shall become subject to
regulation upon the consummation of the Offering and sale of the Series A Notes
and the application of the net proceeds thereof as described in the Offering
Circular, or the consummation of any of the other Transactions, under the
Investment Company Act of 1940, as amended, and the rules and regulations and
interpretations promulgated thereunder, or under any other Federal or state
statute or regulation limiting its ability to incur or assume indebtedness for
borrowed money.

         (hh) No Brokers. Neither of the Issuers nor any of the Subsidiary
Guarantors has dealt with any broker, finder, commission agent or other person
(other than the Initial Purchaser) in connection with the Transactions that has
resulted in either of the Issuers or any of the Subsidiary Guarantors having any
obligation to pay any broker's fee or commission in connection with the
Transactions (other than commissions and fees to the Initial Purchaser as set
forth in the Offering Circular).

         (ii) No Labor Disputes. To our knowledge, neither of the Issuers nor
any of the Subsidiaries is engaged in any unfair labor practice. Except as would
not, singly or in the aggregate, have a Material Adverse Effect, there are (i)
no unfair labor practice complaints or other proceedings pending or, to the
knowledge of the Issuers and the Subsidiary Guarantors, threatened against
either of the Issuers or any of the Subsidiaries before the National Labor
Relations Board or any state, local or foreign labor relations board or any
industrial tribunal, and no grievances or arbitration proceedings arising out of
or under any collective bargaining agreement are so pending or, to the knowledge
of the Issuers and the Subsidiary Guarantors, threatened, (ii) no strikes, labor
disputes, slowdowns or stoppages pending or, to the knowledge of the Issuers and
the Subsidiary Guarantors, threatened against either of the Issuers or any of
the Subsidiaries, (iii) no union representation questions existing with respect
to the employees of either of the Issuers or any of the Subsidiaries, and, to
the knowledge of the Issuers and the Subsidiary Guarantors, no union organizing
activities taking place, (iv) to the knowledge of the Company, there is no
threatened or pending liability against the Company, or any of its Subsidiaries
pursuant to the Worker Adjustment Retraining and Notification Act of 1988, as
amended ("WARN"), or any similar state or local law concerning a mass layoff
that, individually

                                       18

<PAGE>

or in the aggregate, would reasonably be expected to have a Material Adverse
Effect and (v) no term or condition of employment exists through arbitration
awards, settlement agreements, or side agreement that is contrary to the express
terms of any applicable collective bargaining agreement other than such term or
condition that, individually or in the aggregate, would not reasonably be
expected to have a Material Adverse Effect.

         (jj) Environmental Laws. Except as disclosed in the Offering Circular,
or as otherwise would not, singularly or in the aggregate, have a Material
Adverse Effect or otherwise require disclosure in the Offering Circular, (i)
neither of the Issuers nor any of the Subsidiaries has been or is in violation
of any federal, state or local laws and regulations relating to pollution or
protection of human health or the environment, including, without limitation,
laws and regulations relating to emissions, discharges, releases or threatened
releases of toxic or hazardous substances, materials or wastes, or petroleum and
petroleum products ("Materials of Environmental Concern"), or otherwise relating
to the protection of human health and safety, or the use, treatment, storage,
disposal, transport or handling of Materials of Environmental Concern
(collectively, "Environmental Laws"), which violation includes, but is not
limited to, noncompliance with, or lack of, any permits or other environmental
authorizations; (ii) there are no circumstances, either past, present or that
are reasonably foreseeable, that may lead to any such violation in the future;
(iii) neither of the Issuers nor any of the Subsidiaries has received any
communication (written or oral), whether from a Governmental Authority or
otherwise, alleging any such violation; (iv) there is no pending or threatened
claim, action, investigation, notice (written or oral) or other Proceeding by
any person or entity alleging potential liability of either of the Issuers or
any of the Subsidiaries (or against any person or entity for whose acts or
omissions the Issuers or any of the Subsidiaries is or may reasonably be
expected to be liable, either contractually or by operation of law) for
investigatory, cleanup, or other response costs, or natural resources or
property damages, or personal injuries, attorney's fees or penalties relating to
(A) the presence, or release into the environment, of any Materials of
Environmental Concern at any location, or (B) circumstances forming the basis of
any violation or potential violation, of any Environmental Law (collectively,
"Environmental Claims"); and (v) there are no past or present actions,
activities, circumstances, conditions, events or incidents that could reasonably
form the basis of any Environmental Claim.

         Each of the Issuers and the Subsidiaries, as appropriate, (i) have
conducted a review of the effect of Environmental Laws on the business,
operations and properties of each of the Issuers and the Subsidiaries, in the
course of which, or as a result of which, the Issuers have identified and
evaluated associated costs and liabilities (including, without limitation, any
capital or operating expenditures required for cleanup, closure of properties or
compliance with Environmental Laws or any permit, license or approval, any
related constraints on operating activities, and any potential liabilities to
third parties); and (ii) have conducted environmental investigations of, and
have reviewed reasonably available information regarding, the business,
properties and operations of each of the Issuers and the Subsidiaries, and of
other properties within the vicinity of their business, properties and
operations, as appropriate for the circumstances of each such property and
operation; on the basis of such reviews, investigations and inquiries, the
Issuers have reasonably concluded that any costs and liabilities associated with
such matters would not have, singularly or in the aggregate, a Material Adverse
Effect or otherwise require disclosure in the Offering Circular.

                                       19

<PAGE>

         (kk) Representations and Warranties. Each certificate signed by any
officer of any of the Issuers and Subsidiary Guarantors and delivered to the
Initial Purchaser or counsel for the Initial Purchaser in connection with the
Transactions shall be deemed to be a representation and warranty by such Issuers
and Subsidiary Guarantors to the Initial Purchaser as to the matters covered
thereby.

         (ll) Authorization of Guarantees of Series A Notes. The Guarantee to be
endorsed on the Series A Notes by each Subsidiary Guarantor has been duly
authorized by each such Subsidiary Guarantor (other than Trump) and effective
upon the consummation of the Acquisition, will be duly authorized by Trump and,
on the Closing Date, will have been validly executed and delivered by each such
Subsidiary Guarantor in accordance with the terms of the Indenture. When the
Series A Notes have been issued, executed and authenticated in accordance with
the terms of the Indenture and delivered to and paid for by the Initial
Purchaser in accordance with the terms of this Agreement, the Guarantee of each
Subsidiary Guarantor endorsed on the Series A Notes will be the legal, valid and
binding obligation of each such Subsidiary Guarantor, enforceable against each
such Subsidiary Guarantor in accordance with its terms, except to the extent
that (i) such enforceability may be limited by applicable bankruptcy, insolvency
or similar laws affecting creditors' rights generally and (ii) any rights of
acceleration and the availability of equitable remedies may be subject to
general principles of equity (whether considered in a proceeding in equity or at
law). The Guarantees to be endorsed on the Series A Notes rank and will rank on
a parity with all senior Indebtedness of the Subsidiary Guarantors that is
outstanding on the date hereof or that may be incurred hereafter and senior to
all other Indebtedness of the Subsidiary Guarantors that is outstanding on the
date hereof or that may be incurred hereafter.

         (mm) Authorization of Guarantees of Series B Notes. The Guarantee to be
endorsed on the Series B Notes by each Subsidiary Guarantor has been duly
authorized by each such Subsidiary Guarantor (other than Trump) and effective
upon the consummation of the Acquisition, will be duly authorized by Trump and,
when the Series B Notes are issued, will have been validly executed and
delivered by each such Subsidiary Guarantor in accordance with the terms of the
Indenture, the Registration Rights Agreement and the Registered Exchange Offer.
When the Series B Notes have been issued, executed and authenticated in
accordance with the terms of the Registered Exchange Offer and the Indenture,
the Guarantee of each Subsidiary Guarantor endorsed on the Series B Notes will
be the legal, valid and binding obligation of each such Subsidiary Guarantor,
enforceable against each such Subsidiary Guarantor in accordance with its terms,
except to the extent that (i) such enforceability may be limited by applicable
bankruptcy, insolvency or similar laws affecting creditors' rights generally and
(ii) any rights of acceleration and the availability of equitable remedies may
be subject to general principles of equity (whether considered in a proceeding
in equity or at law). The Guarantees to be endorsed on the Series B Notes will
rank on a parity with all senior Indebtedness of the Subsidiary Guarantors that
is outstanding on the date hereof or that may be incurred hereafter and senior
to all other Indebtedness of the Subsidiary Guarantors that is outstanding on
the date hereof or that may be incurred hereafter.

         (nn) 144A Eligibility. Other than the Existing Senior Secured Notes (as
defined in the Offering Circular), there are no securities of any Issuer or
Guarantor registered under the

                                       20
<PAGE>

Exchange Act or listed on a national securities exchange registered under
Section 6 of the Exchange Act or quoted in a United States automated
inter-dealer quotation system.

         7. Representations and Warranties of the Initial Purchaser. As of the
date hereof, the Initial Purchaser, represents and warrants to the Issuers and
the Subsidiary Guarantors that:

         (a) QIB or Accredited Investor. It is a QIB, with such knowledge and
experience in financial and business matters as is necessary in order to
evaluate the merits and risks of an investment in the Series A Notes, and it
will offer the Series A Notes for resale only upon the terms and conditions set
forth in this agreement and the Offering Circular.

         (b) Eligible Purchasers. It (i) is not acquiring the Series A Notes
with a view to any distribution thereof or with any present intention of
offering or selling any of the Series A Notes in a transaction that would
violate the Act or the securities laws of any state of the United States or any
other applicable jurisdiction, and (ii) will be soliciting offers for the Series
A Notes only from, and will be reoffering and reselling the Series A Notes only
to, (A) persons in the United States whom it reasonably believes to be (x) QIBs
in reliance on the exemption from the registration requirements of the Act
provided by Rule 144A under the Act, or (y) Accredited Investors that execute
and deliver to each of the Issuers and the Initial Purchaser a letter containing
certain representations and agreements in the form attached as Annex A to the
Offering Circular or (B) non-U.S. persons reasonably believed by the Initial
Purchaser to be a purchaser referred to in Regulation S under the Act; provided,
however, that in purchasing such Notes, such persons are deemed to have
represented and agreed as provided under the caption "Notice to Investors"
contained in the Offering Circular.

         (c) No General Solicitation. No form of general solicitation or general
advertising in violation of the Act has been or will be used by the Initial
Purchaser or any of its representatives in connection with the offer and sale of
any of the Series A Notes pursuant hereto, including but not limited to,
articles, notices or other communications published in any newspaper, magazine
or similar medium or broadcast over television or radio, or any seminar or
meeting whose attendees have been invited by any general solicitation or general
advertising.

         (d) Power and Authority. It has all requisite power and authority to
enter into, deliver and perform its obligations under this Agreement and the
Registration Rights Agreement and each of this Agreement and the Registration
Rights Agreement has been duly and validly authorized by it.

         8. Indemnification. (a) Indemnification of Initial Purchaser. Each of
the Issuers and the Subsidiary Guarantors shall, jointly and severally, without
limitation as to time, indemnify and hold harmless the Initial Purchaser and
each person, if any, who controls (within the meaning of Section 15 of the Act
or Section 20(a) of the Exchange Act) the Initial Purchaser (any of such persons
being hereinafter referred to as a "Controlling Person"), and the respective
officers, directors, partners, employees, representatives and agents of the
Initial Purchaser and any such Controlling Person (collectively, the "Purchaser
Indemnified Parties"), to the fullest extent lawful, from and against any and
all losses, claims, damages, liabilities, costs (including, without limitation,
costs of preparation and reasonable attorneys' fees) and expenses including,
without limitation, costs and expenses incurred in connection with
investigating, preparing,

                                       21
<PAGE>
pursuing or defending against any of the foregoing (collectively, "Losses"), as
incurred, directly or indirectly caused by, related to, based upon, arising out
of or in connection with (i) any untrue statement or alleged untrue statement of
a material fact contained in the Preliminary Offering Circular or the Offering
Circular (or any amendment or supplement thereto) or (ii) any omission or
alleged omission to state therein a material fact required to be stated therein
or necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading; provided, that neither of the
Issuers nor any Subsidiary Guarantor shall be liable under the indemnity
provided in this Section 8(a) to any Purchaser Indemnified Party for any Losses
that (A) result solely from an untrue statement of a material fact contained in,
or the omission of a material fact from, any Preliminary Offering Circular,
which untrue statement or omission was corrected in the Offering Circular (as
then amended or supplemented) if it shall have been determined by a court of
competent jurisdiction by final and nonappealable judgment that (1) such
Purchaser Indemnified Party sold the Notes to the person alleging such Loss and
failed to send or give, at or prior to the written confirmation of such sale, a
copy of the Offering Circular (as then amended or supplemented), if required by
law to have so delivered it, and (2) the Issuers had previously furnished copies
of the corrected Offering Circular to such Purchaser Indemnified Party within a
reasonable amount of time prior to such sale or such confirmation, and (3) the
corrected Offering Circular, if delivered, would have been a complete defense
against the person asserting such Loss; or (B) are based on an untrue statement
or omission or alleged untrue statement or omission made in reliance on and in
conformity with the Furnished Information. The parties hereto agree that the
only information furnished in writing to the Issuers by the Initial Purchaser
specifically for inclusion in the Preliminary Offering Circular or the Offering
Circular is the Furnished Information. The Issuers shall notify the Initial
Purchaser promptly of the institution, threat or assertion of any Proceeding of
which either of the Issuers or any Subsidiary is aware in connection with the
matters addressed by this Agreement which involves either of the Issuers, any of
the Subsidiaries or any of the Purchaser Indemnified Parties.

         (b) Actions Against Parties; Notification. If any Proceeding shall be
brought or asserted against any person entitled to indemnification hereunder (an
"Indemnified Party"), such Indemnified Party shall give prompt written notice to
the party or parties from which such indemnification is sought (the
"Indemnifying Parties") in writing; provided, that the failure to so notify the
Indemnifying Parties shall not relieve the Indemnifying Parties from any
obligation or liability except to the extent (but only to the extent) that it
shall be finally determined by a court of competent jurisdiction (which
determination is not subject to appeal) that the Indemnifying Parties have been
prejudiced materially by such failure.

         (c) Actions Against Parties; Procedure and Conditions. The Indemnifying
Parties shall have the right, exercisable by giving written notice to an
Indemnified Party, within 20 Business Days after receipt of written notice from
such Indemnified Party of such Proceeding, to assume, at their expense, the
defense of any such Proceeding; provided, that an Indemnified Party shall have
the right to employ separate counsel in any such Proceeding and to participate
in the defense thereof, but the fees and expenses of such counsel shall be at
the expense of such Indemnified Party or parties unless: (i) the Indemnifying
Parties have agreed to pay such fees and expenses; (ii) the Indemnifying Parties
shall have failed promptly to assume the defense of such Proceeding or shall
have failed to employ counsel reasonably satisfactory to such Indemnified Party;
or (iii) the named parties to any such Proceeding (including any impleaded

                                       22
<PAGE>

parties) include both such Indemnified Party and one or more Indemnifying
Parties (or any affiliates or controlling persons of any of the Indemnifying
Parties), and such Indemnified Party shall have been advised by counsel that
there may be one or more defenses available to such Indemnified Party that are
in addition to, or in conflict with, those defenses available to the
indemnifying party or such affiliate or controlling person (in which case, if
such Indemnified Party notifies the Indemnifying Parties in writing that it
elects to employ separate counsel at the expense of the Indemnifying Parties,
the Indemnifying Parties shall not have the right to assume the defense thereof
and the reasonable fees and expenses of such counsel shall be at the expense of
the Indemnifying Parties; it being understood, however, that, the Indemnifying
Parties shall not, in connection with any one such Proceeding or separate but
substantially similar or related Proceedings in the same jurisdiction, arising
out of the same general allegations or circumstances, be liable for the fees and
expenses of more than one separate firm of attorneys (together with appropriate
local counsel) at any time for such Indemnified Party).

         No Indemnifying Party shall, without the prior written consent of the
Indemnified Party, consent to entry of any judgment in or enter into any
settlement of any pending or threatened Proceeding in respect of which
indemnification or contribution may be sought hereunder (whether or not any
Indemnified Party is a party thereto) unless such judgment or settlement
includes, as an unconditional term thereof, the giving by the claimant or
plaintiff to each Indemnified Party of a release, in form and substance
satisfactory to the Indemnified Party, from all Losses that may arise from such
Proceeding or the subject matter thereof (whether or not any Indemnified Party
is a party thereto).

         (d) Indemnification of the Issuers and the Subsidiary Guarantors. The
Initial Purchaser agrees to indemnify and hold harmless each of the Issuers and
the Subsidiary Guarantors and each of their controlling persons and their
respective members, managers, officers, directors, partners, employees and
representatives to the same extent as the foregoing indemnity from the Issuers
and the Subsidiary Guarantors to each of the Purchaser Indemnified Parties
stated in Section 8(a), but only with respect to Losses that are caused by an
untrue statement or omission or alleged untrue statement or omission made in
reliance on and in conformity with the Furnished Information. The parties hereto
agree that the only information furnished in writing to the Issuers by the
Initial Purchaser specifically for inclusion in the Preliminary Offering
Circular or the Offering Circular is the Furnished Information. Notwithstanding
the foregoing, any liability of the Initial Purchaser hereunder shall be limited
to an amount not to exceed the total discounts, commissions and other
compensation received by the Initial Purchaser under this Agreement, less the
aggregate amount of any damages that the Initial Purchaser has otherwise been
required to pay by reason of the untrue or alleged untrue statements or the
omissions or alleged omissions to state a material fact (the "Aggregate
Discount").

         (e) Contribution. If the indemnification provided for in this Section 8
is unavailable to an Indemnified Party or is insufficient to hold such
Indemnified Party harmless for any Losses in respect of which this Section 8
would otherwise apply by its terms (other than by reason of exceptions provided
in this Section 8), then each Indemnifying Party, in lieu of indemnifying such
Indemnified Party, shall contribute to the amount paid or payable by such
Indemnified Party as a result of such Losses (i) in such proportion as is
appropriate to reflect the relative benefits received by the Issuers and the
Subsidiaries, on the one hand, and the Initial Purchaser,

                                       23
<PAGE>

on the other hand, from the Offering or (ii) if the allocation provided by
clause (i) above is not permitted by applicable law, in such proportion as is
appropriate to reflect not only the relative benefits referred to in clause (i)
above but also the relative fault of the Issuers and the Subsidiaries, on the
one hand, and the Initial Purchaser, on the other hand, in connection with the
actions, statements or omissions that resulted in such Losses, as well as any
other relevant equitable considerations. The relative benefits received by the
Issuers and the Subsidiaries, on the one hand, and the Initial Purchaser, on the
other hand, shall be deemed to be in the same proportion as the total net
proceeds from the Offering (before deducting expenses) received by the Issuers,
on the one hand, and the total discounts and commissions received by the Initial
Purchaser, on the other hand, bear to the total price of the Series A Notes in
Exempt Resales as set forth on the cover page of the Offering Circular. The
relative fault of the Issuers and the Subsidiaries, on the one hand, and the
Initial Purchaser, on the other hand, shall be determined by reference to, among
other things, whether any untrue or alleged untrue statement of a material fact
or omission or alleged omission to state a material fact relates to information
supplied by the Issuers or any Subsidiary, on the one hand, or the Initial
Purchaser, on the other hand, and the parties' relative intent, knowledge,
access to information and opportunity to correct or prevent such statement or
omission. The amount paid or payable by an Indemnified Party as a result of any
Losses shall be deemed to include any legal or other fees or expenses incurred
by such party in connection with any Proceeding, to the extent such party would
have been indemnified for such fees or expenses if the indemnification provided
for in this Section 8 was available to such party.

         Each party hereto agrees that it would not be just and equitable if
contribution pursuant to this Section 8(e) were determined by pro rata
allocation or by any other method of allocation that does not take account of
the equitable considerations referred to in the immediately preceding paragraph.
Notwithstanding the provisions of this Section 8(e), the Initial Purchaser shall
not be required to contribute, in the aggregate, any amount in excess of the
Aggregate Discount. No person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Act) shall be entitled to contribution from any
person who was not guilty of such fraudulent misrepresentation.

         (f) Nonexclusive Remedy. The indemnity and contribution agreements
contained in this Section 8 are in addition to any liability that any of the
Issuers, the Subsidiary Guarantors or the Initial Purchaser may otherwise have
to the Indemnified Parties, and does not limit in any way rights or remedies
which may otherwise be available at law or in equity.

         9. Conditions. (a) Conditions to Obligations of Initial Purchaser. The
obligations of the Initial Purchaser to purchase the Series A Notes under this
Agreement are subject to the satisfaction or waiver of each of the following
conditions:

                  (i) Representations and Warranties of the Issuers and the
         Subsidiary Guarantors. All the representations and warranties of each
         of the Issuers and the Subsidiary Guarantors in this Agreement shall be
         true and correct in all material respects (other than representations
         and warranties with a Material Adverse Effect qualifier or other
         materiality qualifier, which shall be true and correct as written) at
         and as of the Closing Date after giving effect to the Transactions with
         the same force and effect as if made on and as of such date. On or
         prior to the Closing Date, each of the Issuers and the

                                       24
<PAGE>

         Subsidiary Guarantors shall have performed or complied in all material
         respects with all of the agreements and satisfied in all material
         respects all conditions on their respective parts to be performed,
         complied with or satisfied on or prior to the Closing Date pursuant to
         this Agreement.

                  (ii) Availability of Offering Circular. The Offering Circular
         shall have been printed and copies made available to the Initial
         Purchaser not later than 12:00 noon, New York City time, on the second
         Business Day following the date of this Agreement or at such later date
         and time as the Initial Purchaser may approve.

                  (iii) No Injunction. No injunction, restraining order or order
         of any nature by a Governmental Authority shall have been issued as of
         the Closing Date that would prevent or interfere with the issuance and
         sale of the Series A Notes or the consummation of any of the other
         transactions contemplated by the Documents; and no stop order
         suspending the qualification or exemption from qualification of any of
         the Series A Notes in any jurisdiction shall have been issued and no
         Proceeding for that purpose shall have been commenced or be pending or
         contemplated.

                  (iv) No Proceedings. No action shall have been taken and no
         Applicable Law shall have been enacted, adopted or issued that would,
         as of the Closing Date, prevent the issuance and sale of the Series A
         Notes or the consummation of any of the other Transactions. No
         Proceeding shall be pending or threatened other than Proceedings that
         (A) if adversely determined would not, singly or in the aggregate,
         adversely affect the issuance or marketability of the Series A Notes,
         and (B) would not, singly or in the aggregate, have a Material Adverse
         Effect.

                  (v) No Material Adverse Change. Since the date as of which
         information is given in the Offering Circular (without giving effect to
         any amendment thereto or supplement thereto), there shall not have been
         any Material Adverse Change the effect of which, in the sole judgment
         of the Initial Purchaser, makes it impractical or inadvisable to
         proceed with the completion of the Offering or the purchase and sale of
         the Notes.

                  (vi) PORTAL. The Notes shall have (A) been designated PORTAL
         securities in accordance with the rules and regulations adopted by the
         NASD relating to trading in the PORTAL market, and (B) received a
         rating of "B-" and "B3" from Standard & Poor's Corporation and Moody's
         Investors Services, Inc., respectively.

                  (vii) Maintenance of Rating. As of the Closing Date, (i) there
         shall not have occurred any downgrading, suspension or withdrawal of,
         nor shall any notice have been given of any potential or intended
         downgrading, suspension or withdrawal of, or of any review (or of any
         potential or intended review) for a possible change that does not
         indicate the direction of the possible change in, any rating of any
         securities of either of the Issuers (including, without limitation, the
         placing of any of the foregoing ratings on credit watch with negative
         or developing implications or under review with an uncertain direction)
         by any "nationally recognized statistical rating organization" as such
         term is defined for purposes of Rule 436(g)(2) under the Act, (ii)
         there shall not have occurred any change, nor shall any notice have
         been given of any potential or intended change, in

                                       25
<PAGE>

         the outlook for any rating of any securities of either of the Issuers
         by any such rating organization and (iii) no such rating organization
         shall have given notice that it has assigned (or is considering
         assigning) a lower rating to the Notes than that on which the Notes
         were marketed.

                  (viii) Officers', Secretary's and Solvency Certificates. The
         Initial Purchaser shall have received on the Closing Date (A)
         certificates dated the Closing Date, signed by (1) the President and
         Chief Executive Officer, and (2) the principal financial or accounting
         officer of each of the Issuers and Subsidiary Guarantors, on behalf of
         such Issuer or Subsidiary Guarantor, confirming the matters set forth
         in paragraphs (i), (iii), (iv), (v), (vii) and (xii) of this Section
         9(a), (B) a certificate, dated the Closing Date, signed by the
         principal financial or accounting officer of the Company, on behalf of
         the Issuers and the Subsidiary Guarantors, stating that certain data
         identified by the Initial Purchaser and included in the Offering
         Circular has been reviewed by such persons and, to the best knowledge
         of such persons, subject to the risks and limitations described in the
         Preliminary Offering Circular and the Offering Circular, is true and
         accurate in all material respects and is based on or derived from
         sources which the Company believes to be reliable and accurate, which
         certificate shall be in form and substance satisfactory to counsel for
         the Initial Purchaser, (C) a certificate, dated the Closing Date,
         signed by the Secretary of each of the Issuers and Subsidiary
         Guarantors, certifying such matters as the Initial Purchaser may
         reasonably request, and (D) a certificate of solvency, dated the
         Closing Date, signed by the principal financial or accounting officer
         of the Issuers and Subsidiary Guarantors substantially in the form
         previously approved by the Initial Purchaser.

                  (ix) Opinions of Counsel. The Initial Purchaser shall have
         received, a favorable opinion (in form and substance satisfactory to
         the Initial Purchaser and counsel to the Initial Purchaser), dated the
         Closing Date, of each of the following: (A) Dykema Gossett PLLC,
         special counsel to the Issuers and Subsidiary Guarantors; (B) Watkins
         Ludlam Winter & Stennis, P.A., special Mississippi counsel to the
         Issuers and Subsidiary Guarantors; (C) Robinson Waters & O'Dorisio and
         Roger M. Morris LLC, special Colorado counsel to the Issuers and
         Subsidiary Guarantors; (D) Ice Miller, special Indiana counsel to the
         Issuers and Subsidiary Guarantors; and (E) Mayer, Brown, Rowe & Maw
         LLP, special counsel to the Initial Purchaser.

                  (x) Accountants' Comfort Letters.

                           (A) The Initial Purchaser shall have received from
                  Pricewaterhouse Coopers, LLP, independent auditors, with
                  respect to the Issuers and the Subsidiaries (other than
                  Trump), (1) a customary comfort letter, dated the date of the
                  Offering Circular, in form and substance reasonably
                  satisfactory to the Initial Purchaser and its counsel, with
                  respect to the financial statements and certain financial
                  information of the Issuers and the Subsidiaries contained in
                  the Offering Circular (the "Pricewaterhouse Comfort Letter"),
                  and (2) a customary comfort letter, dated the Closing Date, in
                  form and substance reasonably satisfactory to the Initial
                  Purchaser and its counsel, to the effect that Pricewaterhouse
                  Coopers, LLP reaffirms the statements made in the
                  Pricewaterhouse Comfort Letter.

                                       26
<PAGE>

                           (B) The Initial Purchaser shall have received from
                  Ernst & Young, LLP, independent auditors, with respect to the
                  Trump, (1) a customary comfort letter, dated the date of the
                  Offering Circular, in form and substance reasonably
                  satisfactory to the Initial Purchaser and its counsel, with
                  respect to the financial statements and certain financial
                  information of Trump contained in the Offering Circular (the
                  "E&Y Comfort Letter"), and (2) a customary comfort letter,
                  dated the Closing Date, in form and substance reasonably
                  satisfactory to the Initial Purchaser and its counsel, to the
                  effect that Ernst & Young, LLP reaffirms the statements made
                  in the E&Y Comfort Letter.

                  (xi) Execution, Delivery and Content of Documents. The
         Documents shall have been executed and delivered by all parties thereto
         and the Initial Purchaser shall have received a fully executed original
         of each Document and all opinions, certificates and other documents
         required by the Documents. The terms of each Document shall conform in
         all material respects to the description thereof in the Offering
         Circular to the extent described therein.

                  (xii) Consummation of Transactions. Each of the Transactions
         shall have been consummated on terms that conform in all material
         respects to the description thereof in the Offering Circular.

                  (xiii) Issuance of Senior Secured Notes and Discount Notes.
         The Senior Secured Notes and Discount Notes shall have been issued on
         terms that conform in all material respects to the descriptions thereof
         in the Offering Circular.

                  (xiv) Permits. All Permits required to be obtained from, and
         all notices or declarations required to be made with, any Gaming
         Authority or other Governmental Authority to permit the issuance and
         sale of the Series A Notes in accordance with the terms of, and in the
         aggregate principal amount set forth in, this Agreement shall have been
         obtained and made, in each case free of any conditions other than those
         set forth in this Agreement; and all Permits (other than the
         Post-Closing Permits) required to be obtained from, and all notices or
         declarations required to be made with, any Gaming Authority or other
         Governmental Authority to consummate the Transactions contemplated by
         the Documents shall have been obtained and made, in each case free of
         any conditions other than those set forth in such Documents.

                  (xv) Additional Documents. Counsel to the Initial Purchaser
         shall have been furnished with such documents as they may reasonably
         require for the purpose of enabling them to review or pass upon the
         matters referred to in this Section 9 and in order to evidence the
         accuracy, completeness and satisfaction of the representations,
         warranties and conditions contained in this Agreement.

                  (xvi) The Acquisition. The Acquisition shall have been
         consummated concurrently with the Offering pursuant to the terms of the
         Stock Purchase Agreement dated November 3, 2005, between the Company
         and Trump Entertainment Resort Holdings, L.P.

                                       27
<PAGE>

                  (xvii) Amended Credit Facility. The Amended Credit Facility
         shall have been executed and delivered by all parties thereto, and the
         Initial Purchaser shall have received a fully executed original of such
         document which shall be in form and substance reasonably satisfactory
         to the Initial Purchaser.

         (b) Conditions to Issuers' and Subsidiary Guarantors' Obligations. The
obligations of the Issuers to sell, and the obligations of the Subsidiary
Guarantors to guarantee, the Series A Notes under this Agreement is subject to
the satisfaction or waiver of each of the following conditions:

                  (i) Payment. The Initial Purchaser shall have delivered
         payment to the Issuers for the Series A Notes pursuant to Sections 2
         and 4 of this Agreement and shall have complied with all other
         obligations and agreements required to be complied with by it hereunder
         on or prior to the Closing Date.

                  (ii) Representations and Warranties. All of the
         representations and warranties of the Initial Purchaser in this
         Agreement shall be true and correct in all material respects at and as
         of the Closing Date, with the same force and effect as if made on and
         as of such date.

                  (iii) No Injunctions. No injunction, restraining order or
         order of any nature by a Governmental Authority shall have been issued
         as of the Closing Date that would prevent or interfere with the
         issuance and sale of the Series A Notes; and no stop order suspending
         the qualification or exemption from qualification of any of the Series
         A Notes in any jurisdiction shall have been issued and no Proceeding
         for that purpose shall have been commenced or be pending or
         contemplated as of the Closing Date.

         10. Termination. This Agreement shall become effective upon the
execution and delivery of this Agreement by the parties hereto. The Initial
Purchaser may terminate this Agreement at any time prior to the Closing Date by
written notice to the Issuers if any of the following has occurred:

         (a) Material Adverse Effect. Since the date as of which information is
given in the Offering Circular, any Material Adverse Effect or any Material
Adverse Change that would, in the Initial Purchaser's judgment, (i) make it
impracticable or inadvisable to proceed with the Offering or delivery of the
Series A Notes, including the Exempt Resales, on the terms and in the manner
contemplated in the Offering Circular or (ii) materially impair the investment
quality of the Notes.

         (b) Failure to Satisfy Conditions. The failure of the Issuers or any of
the Subsidiary Guarantors to satisfy the conditions contained in Section 9(a) on
or prior to the Closing Date.

         (c) Outbreak of Hostilities. Any attack on or incidences of terrorism
involving the United States, any outbreak or escalation of hostilities directly
or indirectly involving the United States, any military action or commencement
or declaration of war by or directly or indirectly involving the United States,
any declaration of a national emergency, any other calamity, emergency or crisis
directly or indirectly involving the United States, any material adverse change
in economic conditions in or the financial markets of the United States or
elsewhere or

                                       28
<PAGE>

any material adverse change or development involving a prospective change in
national or international political, financial or economic conditions, in each
case the effect of which could make it, in the Initial Purchaser's judgment,
impracticable or inadvisable to market or proceed with the offering or delivery
of the Series A Notes on the terms and in the manner contemplated in the
Offering Circular or to enforce contracts for the sale of any of the Series A
Notes.

         (d) Suspension of Trading. The suspension or limitation of trading
generally in securities on the New York Stock Exchange, the American Stock
Exchange or the Nasdaq National Market or any setting of limitations on prices
for securities on any such exchange or on the Nasdaq National Market.

         (e) Enactment of Adverse Law. The enactment, publication, decree or
other promulgation after the date hereof of any Applicable Law that in the
Initial Purchaser's opinion materially and adversely affects, or could
materially and adversely affect, the properties, business, prospects, result of
operations, earnings, assets, liabilities or condition (financial or otherwise)
of either of the Issuers or any of the Subsidiaries.

         (f) Downgrade of Securities. On or after the date hereof, (i) there
shall not have occurred any downgrading, suspension or withdrawal of, nor shall
any notice have been given of any potential or intended downgrading, suspension
or withdrawal of, or of any review (or of any potential or intended review) for
a possible change that does not indicate the direction of the possible change
in, any rating of the Issuers or any of the Subsidiary Guarantors or any
securities of the Issuers or any of the Subsidiary Guarantors (including,
without limitation, the placing of any of the foregoing ratings on credit watch
with negative or developing implications or under review with an uncertain
direction) by any "nationally recognized statistical rating organization" as
such term is defined for purposes of Rule 436(g)(2) under the Act, (ii) there
shall not have occurred any adverse change, nor shall any notice have been given
of any potential or intended adverse change, in the outlook for any rating of
Issuers or the Subsidiary Guarantors or any securities of Issuers or the
Subsidiary Guarantors (by any such rating organization and (iii) no such rating
organization shall have given notice that it has assigned (or is considering
assigning) a lower rating to the Notes than that on which the Notes were
marketed.

         (g) Banking Moratorium. The declaration of a banking moratorium by any
Governmental Authority; or the taking of any action by any Governmental
Authority after the date hereof in respect of its monetary or fiscal affairs
that in the Initial Purchaser's opinion could have a material adverse effect on
the financial markets in the United States or elsewhere.

         The respective indemnities, contribution and expense reimbursement
provisions and agreements, and representations, warranties and other statements
of the Issuers and the Subsidiary Guarantors and the Initial Purchaser set forth
in or made pursuant to this Agreement shall remain operative and in full force
and effect, and will survive, regardless of (i) any investigation, or statement
as to the results thereof, made by or on behalf of the Initial Purchaser or any
of the Issuers or Subsidiary Guarantors, or any of their respective officers,
directors, members or managers or any of their respective controlling persons,
(ii) acceptance of the Notes, and payment for them hereunder, and (iii) any
termination of this Agreement (including, without limitation, any termination
pursuant to this Section 10). Without limiting the foregoing, notwithstanding
any termination of this Agreement, the Issuers and the Subsidiary Guarantors

                                       29
<PAGE>

shall be and shall remain jointly and severally liable (i) for all expenses that
they have agreed to pay pursuant to Section 5(f), and (ii) pursuant to Section
8.

         11. Miscellaneous. (a) Notices. Notices given pursuant to any provision
of this Agreement shall be addressed as follows: (i) if to any of the Issuers
and Subsidiary Guarantors, to 163 Madison Street, Suite 2000, Detroit, Michigan
48226, facsimile number (313) 496-8400, Attention: Chief Financial Officer, with
a copy to 301 Fremont Street, 12th Floor, Las Vegas, NV 89101, facsimile number
(702) 382-5562, Attention: Chief Financial Officer, and an additional copy to
Dykema Gossett PLLC, 400 Renaissance Center, Detroit, Michigan 48243, facsimile
number (313) 568-6915, Attention: Jin-Kyu Koh, Esq. and (ii) if to the Initial
Purchaser, to Jefferies & Company, Inc., 520 Madison Avenue, 12th Floor, New
York, New York 10022, Attention: Lloyd Fellder, Esq., with a copy to Mayer,
Brown, Rowe & Maw LLP, 1675 Broadway, New York, New York 10019, Attention:
Ronald S. Brody, Esq. (provided, that any notice pursuant to Section 8 will be
mailed, delivered, telegraphed or sent by facsimile and confirmed to the party
to be notified and its counsel), or in any case to such other address as the
person to be notified may have requested in writing.

         (b) Successors and Assigns. This Agreement has been and is made solely
for the benefit of and shall be binding upon each of the Issuers, the Subsidiary
Guarantors, the Initial Purchaser and, to the extent provided in Section 8, the
controlling persons, officers, directors, partners, employees, representatives
and agents referred to in Section 8, and their respective heirs, executors,
administrators, successors and assigns, all as and to the extent provided in
this Agreement, and no other person shall acquire or have any right under or by
virtue of this Agreement. The term "successors and assigns" shall not include a
purchaser of any of the Series A Notes from the Initial Purchaser merely because
of such purchase. Notwithstanding the foregoing, it is expressly understood and
agreed that each purchaser who purchases Series A Notes from the Initial
Purchaser is intended to be a beneficiary of the Issuers' covenants contained in
the Registration Rights Agreement to the same extent as if the Series A Notes
were sold and those covenants were made directly to such purchaser by each of
the Issuers, and each such purchaser shall have the right to take action against
each of the Issuers to enforce, and obtain damages for any breach of, those
covenants.

         (c) GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED AND INTERPRETED,
AND THE RIGHTS OF THE PARTIES SHALL BE DETERMINED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK, INCLUDING, WITHOUT LIMITATION, SECTIONS 5-1401 AND 5-1402
OF THE NEW YORK GENERAL OBLIGATIONS LAWS AND RULE 327(b) OF THE NEW YORK CIVIL
PRACTICE LAWS AND RULES. EACH OF THE ISSUERS AND SUBSIDIARY GUARANTORS HEREBY
IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY NEW YORK STATE COURT SITTING IN
THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK OR ANY FEDERAL COURT SITTING IN
THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK IN RESPECT OF ANY SUIT, ACTION
OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, AND IRREVOCABLY
ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND
UNCONDITIONALLY, JURISDICTION OF THE AFORESAID COURTS. EACH OF THE ISSUERS AND
SUBSIDIARY GUARANTORS IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY
EFFECTIVELY DO SO UNDER APPLICABLE LAW, TRIAL

                                       30
<PAGE>

BY JURY AND ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE
VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT AND ANY
CLAIM THAT ANY SUCH SUIT, ACTION OR PROCEEDINGS BROUGHT IN SUCH COURT HAS BEEN
BROUGHT IN AN INCONVENIENT FORUM. EACH OF THE ISSUERS AND SUBSIDIARY GUARANTORS
IRREVOCABLY CONSENTS, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO UNDER
APPLICABLE LAW, TO THE SERVICE OF PROCESS OF ANY OF THE AFOREMENTIONED COURTS IN
ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR
CERTIFIED MAIL, POSTAGE PREPAID, TO SUCH ISSUER OR SUCH SUBSIDIARY GUARANTOR, AS
THE CASE MAY BE, AT THE ADDRESS SET FORTH HEREIN, SUCH SERVICE TO BECOME
EFFECTIVE 30 DAYS AFTER SUCH MAILING. NOTHING HEREIN SHALL AFFECT THE RIGHT OF
THE INITIAL PURCHASER TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR
TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANY OF THE ISSUERS
AND SUBSIDIARY GUARANTORS IN ANY OTHER JURISDICTION.

         (d) Counterparts. This Agreement may be signed in various counterparts
which together shall constitute one and the same instrument.

         (e) Headings. The Headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof. When
a reference is made in this Agreement to a Section, paragraph, subparagraph,
Schedule or Exhibit, such reference shall mean a Section, paragraph,
subparagraph, Schedule or Exhibit to this Agreement unless otherwise indicated.

         (f) Interpretation. The words "include," "includes," and "including"
when used in this Agreement shall be deemed in each case to be followed by the
words "without limitation." The phrases "the date of this agreement," "the date
hereof," and terms of similar import, unless the context otherwise requires,
shall be deemed to refer to December 16, 2005. The words "hereof," "herein,"
"herewith," "hereby" and "hereunder" and words of similar import shall, unless
otherwise stated, be construed to refer to this Agreement as a whole and not to
any particular provision of this Agreement. The phrase "to the knowledge of the
issuers and the guarantors" means the actual knowledge, after due inquiry, of
each of Don H. Barden and Jon Bennett. Unless the context otherwise requires,
defined terms shall include the singular and plural and the conjunctive and
disjunctive forms of the terms defined.

         (g) Severability. If any term, provision, covenant or restriction of
this Agreement is held by a court of competent jurisdiction to be invalid,
illegal, void or unenforceable, the remainder of the terms, provisions,
covenants and restrictions set forth herein shall remain in full force and
effect and shall in no way be affected, impaired or invalidated, and the parties
hereto shall use their best efforts to find and employ an alternative means to
achieve the same or substantially the same result as that contemplated by such
term, provision, covenant or restriction. It is hereby stipulated and declared
to be the intention of the parties that they would have executed the remaining
terms, provisions, covenants and restrictions without including any of such that
may be hereafter declared invalid, illegal, void or unenforceable.

                                       31
<PAGE>

         (h) Amendment. This Agreement may be amended, modified or supplemented,
and waivers or consents to departures from the provisions hereof may be given,
provided that the same are in writing and signed by each of the signatories
hereto.

         12. Trump Execution. On the Closing Date, effective upon the
consummation of the Acquisition, (the Company will cause Trump to become a party
to this Agreement (as a Subsidiary Guarantor) by executing and delivering this
Agreement to the Initial Purchaser and executing and delivering the Guarantees,
the Registration Rights Agreement and the Indenture and any other Document to
which Trump is to become a party. By executing and delivering this Agreement,
Trump expressly agrees (A) to take any and all actions required to be taken by a
Subsidiary Guarantor under this Agreement or any other Document to which it
becomes a party and (B) that all representations and warranties made in this
Agreement by the Company on behalf of Trump shall be considered to be effective
as to, and binding upon, Trump as of the consummation of the Acquisition.

                       [signature pages follow this page]

                                       32
<PAGE>
         Please confirm that the foregoing correctly sets forth the agreement
among the Issuers, the Subsidiary Guarantors and the Initial Purchaser.

                          Very truly yours,

                          THE MAJESTIC STAR CASINO, LLC

                          By:
                                ---------------------------------------------
                          Name:  Jon Bennett
                          Title: Vice President and Chief Financial Officer

                          MAJESTIC STAR CASINO CAPITAL CORP. II

                          By:
                                ---------------------------------------------
                          Name:  Jon Bennett
                          Title: Vice President and Chief Financial Officer

                          MAJESTIC INVESTOR, LLC

                          By:
                                ---------------------------------------------
                          Name:  Jon Bennett
                          Title: Vice President and Chief Financial Officer

                          MAJESTIC INVESTOR HOLDINGS, LLC

                          By:
                                ---------------------------------------------
                          Name:  Jon Bennett
                          Title: Vice President and Chief Financial Officer

                                                 Senior Notes Purchase Agreement
                                      S-1

<PAGE>
                          MAJESTIC INVESTOR CAPITAL CORP.

                          By:
                                ---------------------------------------------
                          Name:  Jon Bennett
                          Title: Vice President and Chief Financial Officer

                          BARDEN MISSISSIPPI GAMING, LLC

                          By:
                                ---------------------------------------------
                          Name:  Jon Bennett
                          Title: Vice President and Chief Financial Officer

                          BARDEN COLORADO GAMING, LLC

                          By:
                                ---------------------------------------------
                          Name:  Jon Bennett
                          Title: Vice President and Chief Financial Officer

                                                 Senior Notes Purchase Agreement
                                      S-2
<PAGE>

ACCEPTED AND AGREED TO:

JEFFERIES & COMPANY, INC.

By:
     --------------------------------------
Name:  Steven D. Croxton
Title: Managing Director

                                                 Senior Notes Purchase Agreement
                                      S-3
<PAGE>

Accepted and Agreed to as of the 21st day of December, 2005:

                          THE MAJESTIC STAR CASINO II, INC., (f.k.a. Trump
                          Indiana, Inc.)

                          By:
                                 ------------------------------------------
                          Name:  Jon Bennett
                          Title: Vice President and Chief Financial Officer

                          BUFFINGTON HARBOR PARKING ASSOCIATES, LLC

                          By:
                                 ------------------------------------------
                          Name:  Jon Bennett
                          Title: Vice President and Chief Financial Officer

                          BUFFINGTON HARBOR RIVERBOATS, L.L.C.

                          By:
                                 ------------------------------------------
                          Name:  Jon Bennett
                          Title: Vice President and Chief Financial Officer

                                                 Senior Notes Purchase Agreement
                                      S-4<PAGE>
                                                                    Exhibit 10.3

                             SUPPLEMENTAL INDENTURE

     SUPPLEMENTAL INDENTURE dated as of December 21, 2005 (this "Supplemental
Indenture"), among The Majestic Star Casino, LLC, an Indiana limited liability
company (together with its successors and assigns, the "Company"), The Majestic
Star Casino Capital Corp., an Indiana corporation (together with its successors
and assigns, "Capital" and together with the Company, the "Issuers"), the
Subsidiary Guarantors under the Indenture referred to below (the "Subsidiary
Guarantors"), and The Bank of New York Trust Company, N.A., as successor to The
Bank of New York, as trustee (the "Trustee") under the Indenture referred to
below.

                                    RECITALS

     A. The Issuers, the Subsidiary Guarantors and the Trustee have heretofore
become parties to an Indenture, dated as of October 7, 2003, as amended (as
amended, supplemented, waived or otherwise modified, the "Indenture"), providing
for the issuance of 9 1/2% Senior Secured Notes due 2010 of the Issuers (the
"Notes").

     B. Pursuant to Section 2.2 of the Indenture and subject to the provisions
of Section 4.9 of the Indenture, additional Notes may be issued under the
Indenture from time to time without the consent of the Holders of previously
issued Notes, in an aggregate principal amount to be determined from time to
time by the Issuers; provided that, additional Notes may not be issued with
original issue discount as determined under section 1271 et seq of the Code.

     C. Pursuant to Section 9.1 of the Indenture, the Trustee, the Issuers, and
the Subsidiary Guarantors may, without the consent of any Holder, execute and
deliver this Supplemental Indenture for the purpose of making changes to the
Indenture required for the issuance of additional Notes under the Indenture,
that do not adversely affect the legal rights of any Holder under the Indenture
or the Notes.

     D. The Issuers have provided the Trustee with the documents and resolutions
required or requested by the Trustee under Sections 9.1 and 9.6 of the
Indenture.

                                    AGREEMENT

     NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the
Issuers, the Subsidiary Guarantors and the Trustee mutually covenant and agree
for the benefit of the Holders of the Notes as follows:

     1. Defined Terms. As used in this Supplemental Indenture, unless otherwise
defined herein, terms defined in the Indenture or in the preamble or recitals
hereto are used in this Supplemental Indenture as therein defined. The words
"herein," "hereof" and "hereby" and

Supplemental Indenture

<PAGE>

other words of similar import used in this Supplemental Indenture refer to this
Supplemental Indenture as a whole and not to any particular section hereof.

     2. Amendments to Indenture.

     (a) The following definitions are hereby added to Section 1.1 of the
Indenture:

     "144A Global Note" means a global security substantially in the form of
     Exhibit A bearing the Private Placement Legend and deposited with or on
     behalf of, and registered in the name of, the Depositary or its nominee,
     that shall be issued in a denomination equal to the outstanding principal
     amount at maturity of the Notes sold in reliance on Rule 144A.

     "Additional Notes" means the Notes issued after the Issue Date in
     accordance with Section 2.2 and Section 4.9 of the Indenture.

     "Additional Notes Issue Date" means the applicable date of issuance of any
     Additional Notes.

     "Applicable Procedures" means with respect to any transfer or exchange of
     interests in a Global Note, the rules and procedures of DTC, Euroclear and
     Clearstream that apply to such transfer or exchange.

     "Exchange Offer Registration Statement" means a registration statement
     under the Securities Act relating to the Series B Notes.

     "Indirect Participant" means a Person who holds a beneficial interest in a
     Global Note through a Participant.

     "Institutional Accredited Investor" means an institution that is an
     "accredited investor" as that term is defined in Rule 501(a)(1), (2), (3)
     or (7) promulgated under the Securities Act.

     "Majestic Star Casino Vessel II" means the riverboat casino operated by
     Trump Indiana, Inc. as of December 7, 2005.

     "Participant" means, with respect to the Depositary, Euroclear or
     Clearstream, a Person who has an account with the Depositary, Euroclear or
     Clearstream, respectively (and with respect to DTC, shall include Euroclear
     and Clearstream).

     "Private Placement Legend" means the legend set forth in Exhibit B to be
     placed on all Notes issued under this Indenture except where otherwise
     permitted by the provisions of this Indenture.

     "Regulation S" means Regulation S promulgated under the Securities Act.

     "Regulation S Global Note" means a global Note in the form of Exhibit A
     bearing the Private Placement Legend and deposited with or on behalf of and

                                        2

<PAGE>

     registered in the name of the Depositary or its nominee, issued in a
     denomination equal to the outstanding principal amount at maturity of the
     Notes initially sold in reliance on Rule 903 of Regulation S.

     "Restricted Definitive Note" means a Definitive Note bearing the Private
     Placement Legend.

     "Restricted Global Note" means a Global Note bearing the Private Placement
     Legend.

     "Restricted Period" means the 40-day distribution compliance period as
     defined in Regulation S.

     "Rule 144" means Rule 144 promulgated under the Securities Act.

     "Rule 903" means Rule 903 promulgated under the Securities Act.

     "Rule 904" means Rule 904 promulgated under the Securities Act.

     "Shelf Registration Statement" means a shelf registration statement
     pursuant to Rule 415 under the Securities Act relating to the resale by
     certain holders of the Series A Notes.

     "Unrestricted Definitive Note" means one or more Definitive Notes that do
     not bear and are not required to bear the Private Placement Legend.

     "Unrestricted Global Note" means one or more Global Notes that do not and
     are not required to bear the Private Placement Legend.

     "U.S. Person" means a U.S. person as defined in Rule 902(o) under the
     Securities Act.

     (b) The following definitions in Section 1.1 of the Indenture are hereby
amended and restated in their entirety to read as follows:

     "Initial Purchasers" means Jefferies & Company, Inc. and Wells Fargo
     Securities, LLC, with respect to the Notes issued on the Issue Date, and
     any other applicable similar initial purchaser of Notes issued from time to
     time under this Indenture.

     "Issue Date" means October 7, 2003, the date of original issuance of
     initial Notes under this Indenture.

     "Registration Rights Agreement" means, with respect to the Notes issued on
     the Issue Date, the Registration Rights Agreement, dated as of the Issue
     Date, and means, with respect to any Additional Notes, the Registration
     Rights Agreement dated as of the applicable Additional Notes Issue Date, in
     each case by and among

                                        3

<PAGE>

     the Issuers and the applicable Initial Purchasers, as such agreement may be
     amended, modified or supplemented from time to time.

     (c) Section 2.1 of the Indenture is hereby amended and restated to read in
its entirety as follows:

     SECTION 2.1 FORM AND DATING.

     (a) The Notes and the Trustee's certificate of authentication shall be
     substantially in the form of Exhibit A attached hereto, the terms of which
     are incorporated in and made a part of this Indenture. Each Note shall
     include the Subsidiary Guarantee executed by each of the Subsidiary
     Guarantors in the form of Exhibit C attached hereto, the terms of which are
     incorporated into and made a part of this Indenture. The Notes may have
     notations, legends or endorsements required by law, stock exchange rule,
     agreements to which the Issuers are subject or usage. Each Note shall be
     dated the date of its authentication. The Notes shall be issued in
     denominations of $1,000 and integral multiples thereof.

     (b) Global Notes. The Notes will be issued (i) in global form (the "Global
     Notes"), substantially in the form of Exhibit A attached hereto (and shall
     include the legend set forth in Exhibit G and shall include the "Schedule
     of Exchanges of Interests in the Global Note" set forth in Exhibit A) and
     (ii) under certain circumstances, in definitive form (the "Definitive
     Notes"), substantially in the form of Exhibit A attached hereto (but
     without the "Schedule of Exchanges of Interests in the Global Note" set
     forth in Exhibit A). Each Global Note shall represent the aggregate amount
     of outstanding Notes from time to time endorsed thereon; provided that, the
     aggregate amount of outstanding Notes represented thereby may from time to
     time be reduced or increased, as appropriate, to reflect exchanges and
     redemptions. Any endorsement of a Global Note to reflect the amount of any
     increase or decrease in the amount of outstanding Notes represented thereby
     shall be made by the Trustee, in accordance with instructions given by the
     Holder thereof as required by Section 2.6.

     (c) Regulation S Global Notes. Notes offered and sold in reliance on
     Regulation S shall be issued in the form of the Regulation S Global Note,
     which shall be deposited on behalf of the purchasers of the Notes
     represented thereby with the Trustee, as custodian for the Depositary, and
     registered in the name of the Depositary or the nominee of the Depositary
     for the accounts of designated agents holding on behalf of Euroclear or
     Clearstream, duly executed by the Issuers and authenticated by the Trustee
     as hereinafter provided. Following the termination of the Restricted
     Period, beneficial interests in the Regulation S Global Note may be
     exchanged pursuant to Section 2.6 and the Applicable Procedures.

     (d) Euroclear and Clearstream Procedures Applicable. The provisions of the
     "Operating Procedures of the Euroclear System" and "Terms and Conditions
     Governing Use of Euroclear" and the "General Terms and Conditions of

                                        4

<PAGE>

     Clearstream Banking" and "Customer Handbook" of Clearstream shall be
     applicable to transfers of beneficial interests in the Regulation S Global
     Notes that are held by Participants through Euroclear or Clearstream.

     (d) Section 2.6 of the Indenture is hereby amended and restated to read in
its entirety as follows:

     SECTION 2.6 TRANSFER AND EXCHANGE.

     (a) Transfer and Exchange of Global Notes. A Global Note may not be
transferred as a whole except by the Depositary to a nominee of the Depositary,
by a nominee of the Depositary to the Depositary or to another nominee of the
Depositary, or by the Depositary or any such nominee to a successor Depositary
or a nominee of such successor Depositary. All Global Notes shall be exchanged
by the Issuers for Definitive Notes (i) if the Depositary (A) notifies the
Issuers that it is unwilling or unable to continue as Depositary for the Global
Notes and the Issuers fail to appoint a successor Depositary within 90 days
after receiving such notice or (B) has ceased to be a clearing agency registered
under the Exchange Act and the Issuers fail to appoint a successor Depositary
within 90 days after becoming aware of such condition; (ii) if the Issuers, at
their option, notify the Trustee in writing that they elect to cause the
issuance of Definitive Notes; provided that in no event shall the Regulation S
Global Note be exchanged by the Issuers for Definitive Notes other than in
accordance with Section 2.6(c)(2); or (iii) at the request of the Holders, if
there shall have occurred and be continuing a Default or Event of Default with
respect to the Notes. Upon the occurrence of any of the preceding events in (i),
(ii) or (iii) above, Definitive Notes shall be issued in such names as the
Depositary shall instruct the Trustee. Global Notes also may be exchanged or
replaced, in whole or in part, as provided in Sections 2.7 and 2.10. Every Note
authenticated and delivered in exchange for, or in lieu of, a Global Note or any
portion thereof, pursuant to this Section 2.6 or Sections 2.7 or 2.10, shall be
authenticated and delivered in the form of, and shall be, a Global Note. A
Global Note may not be exchanged for another Note other than as provided in this
Section 2.6(a); however, beneficial interests in a Global Note may be
transferred and exchanged as provided in Section 2.6(b), (c), (f) or (g).

     (b) Transfer and Exchange of Beneficial Interests in the Global Notes. The
transfer and exchange of beneficial interests in the Global Notes shall be
effected through the Depositary, in accordance with the provisions of this
Indenture and the Applicable Procedures. Beneficial interests in the Restricted
Global Notes shall be subject to restrictions on transfer comparable to those
set forth herein to the extent required by the Securities Act. Transfers of
beneficial interests in the Global Notes also shall require compliance with
either subparagraph (1) or (2) below, as applicable, as well as one or more of
the other following subparagraphs, as applicable:

               (1) Beneficial Interests in the Same Global Note. Beneficial
          interests in any Restricted Global Note may be transferred to Persons
          who take delivery thereof in the form of a beneficial interest in the
          same Restricted Global Note in accordance with the transfer
          restrictions set forth in the Private Placement Legend; provided,
          however, that, prior to the expiration of the Restricted Period,
          transfers of beneficial interests in the Regulation S Global Note may
          not be made to a U.S. Person or for the account or benefit of a U.S.
          Person (other than an

                                        5

<PAGE>

          Initial Purchaser). Beneficial interests in any Unrestricted Global
          Note may be transferred to Persons who take delivery thereof in the
          form of a beneficial interest in an Unrestricted Global Note. No
          written orders or instructions shall be required to be delivered to
          the Registrar to effect the transfers described in this Section
          2.6(b)(1).

               (2) All Other Transfers and Exchanges of Beneficial Interests in
          Global Notes. In connection with all transfers and exchanges of
          beneficial interests that are not subject to Section 2.6(b)(1) above,
          the transferor of such beneficial interest must deliver to the
          Registrar either (A) (1) a written order from a Participant or an
          Indirect Participant given to the Depositary in accordance with the
          Applicable Procedures directing the Depositary to credit or cause to
          be credited a beneficial interest in another Global Note in an amount
          equal to the beneficial interest to be transferred or exchanged and
          (2) instructions given in accordance with the Applicable Procedures
          containing information regarding the Participant account to be
          credited with such increase or (B) (1) a written order from a
          Participant or an Indirect Participant given to the Depositary in
          accordance with the Applicable Procedures directing the Depositary to
          cause to be issued a Definitive Note in an amount equal to the
          beneficial interest to be transferred or exchanged and (2)
          instructions given by the Depositary to the Registrar containing
          information regarding the Person in whose name such Definitive Note
          shall be registered to effect the transfer or exchange referred to in
          (1) above; provided that in no event shall Definitive Notes be issued
          upon the transfer or exchange of beneficial interests in the
          Regulation S Global Note other than in accordance with Section
          2.6(c)(2). Upon consummation of an Exchange Offer by the Issuers in
          accordance with Section 2.6(f), the requirements of this Section
          2.6(b)(2) shall be deemed to have been satisfied upon receipt by the
          Registrar of the instructions contained in the letter of transmittal
          delivered by the holder of such beneficial interests in the Restricted
          Global Notes. Upon satisfaction of all of the requirements for
          transfer or exchange of beneficial interests in Global Notes contained
          in this Indenture and the Notes or otherwise applicable under the
          Securities Act, the Trustee shall adjust the principal amount at
          maturity of the relevant Global Notes pursuant to Section 2.6(g).

               (3) Beneficial Interests to Another Restricted Global Note. A
          beneficial interest in any Restricted Global Note may be transferred
          to a Person who takes delivery thereof in the form of a beneficial
          interest in another Restricted Global Note if the transfer complies
          with the requirements of Section 2.6(b)(2) above and the Registrar
          receives the following:

                    (A) if the transferee shall take delivery in the form of a
               beneficial interest in the 144A Global Note, then the transferor
               must deliver a certificate in the form of Exhibit H, including
               the certifications in item (1) thereof; and

                    (B) if the transferee shall take delivery in the form of a
               beneficial interest in a Regulation S Global Note, then the
               transferor must

                                       6

<PAGE>

               deliver a certificate in the form of Exhibit H, including the
               certifications in item (2) thereof.

               (4) Beneficial Interests in a Restricted Global Note for
          Beneficial Interests in an Unrestricted Global Note. A beneficial
          interest in any Restricted Global Note may be exchanged by any Holder
          thereof for a beneficial interest in an Unrestricted Global Note or
          transferred to a Person who takes delivery thereof in the form of a
          beneficial interest in an Unrestricted Global Note if the exchange or
          transfer complies with the requirements of Section 2.6(b)(2) above
          and:

                    (A) such exchange or transfer is effected pursuant to the
               Exchange Offer in accordance with the Registration Rights
               Agreement and the Holder of the beneficial interest to be
               transferred, in the case of an exchange, or the transferee, in
               the case of a transfer, certifies in the applicable letter of
               transmittal that (1) it is not an affiliate (as defined in Rule
               144) of the Company, (2) it is not engaged in, and does not
               intend to engage in, and has no arrangement or understanding with
               any Person to participate in a distribution of the Series B Notes
               to be issued in the Exchange Offer and (3) it is acquiring the
               Series B Notes in its ordinary course of business;

                    (B) such transfer is effected pursuant to the Shelf
               Registration Statement in accordance with the Registration Rights
               Agreement;

                    (C) such transfer is effected by a Broker Dealer pursuant to
               the Exchange Offer Registration Statement in accordance with the
               Registration Rights Agreement; or

                    (D) the Registrar receives the following:

                    (1) if the holder of such beneficial interest in a
               Restricted Global Note proposes to exchange such beneficial
               interest for a beneficial interest in an Unrestricted Global
               Note, a certificate from such holder in the form of Exhibit I,
               including the certifications in item (1)(a) thereof; or

                    (2) if the holder of such beneficial interest in a
               Restricted Global Note proposes to transfer such beneficial
               interest to a Person who shall take delivery thereof in the form
               of a beneficial interest in an Unrestricted Global Note, a
               certificate from such holder in the form of Exhibit H, including
               the certifications in item (4) thereof;

          and, in each such case set forth in this subparagraph (D), if the
          Registrar or the Issuers so request or if the Applicable Procedures so
          require, an opinion of counsel in form reasonably acceptable to the
          Registrar and the Issuers to the effect that such exchange or transfer
          is in compliance with the Securities Act and that the restrictions on
          transfer contained herein and in the Private Placement Legend are no
          longer required in order to maintain compliance with the Securities
          Act.

                                        7

<PAGE>

     If any such transfer is effected pursuant to subparagraph (B) or (D) at a
time when an Unrestricted Global Note has not yet been issued, the Issuers shall
issue and, upon receipt of an Authentication Order in accordance with Section
2.2, the Trustee shall authenticate one or more Unrestricted Global Notes in an
aggregate principal amount equal to the aggregate principal amount of beneficial
interests transferred pursuant to subparagraph (B) or (D) above.

     Beneficial interests in an Unrestricted Global Note cannot be exchanged
for, or transferred to Persons who take delivery thereof in the form of, a
beneficial interest in a Restricted Global Note.

     (c) Transfer or Exchange of Beneficial Interests in Definitive Notes.

               (1) Beneficial Interests in Restricted Global Notes to Restricted
          Definitive Notes. If any holder of a beneficial interest in a
          Restricted Global Note proposes to exchange such beneficial interest
          for a Restricted Definitive Note or to transfer such beneficial
          interest to a Person who takes delivery thereof in the form of a
          Restricted Definitive Note, then, upon receipt by the Registrar of the
          following documentation:

                    (A) if the holder of such beneficial interest in a
               Restricted Global Note proposes to exchange such beneficial
               interest for a Restricted Definitive Note, a certificate from
               such holder in the form of Exhibit I, including the
               certifications in item (2)(a) thereof;

                    (B) if such beneficial interest is being transferred to a
               QIB in accordance with Rule 144A under the Securities Act, a
               certificate to the effect set forth in Exhibit H, including the
               certifications in item (1) thereof;

                    (C) if such beneficial interest is being transferred to a
               non-U.S. Person in an offshore transaction in accordance with
               Rule 903 or Rule 904, a certificate to the effect set forth in
               Exhibit H, including the certifications in item (2) thereof;

                    (D) if such beneficial interest is being transferred
               pursuant to an exemption from the registration requirements of
               the Securities Act in accordance with Rule 144, a certificate to
               the effect set forth in Exhibit H, including the certifications
               in item (3)(a) thereof;

                    (E) if such beneficial interest is being transferred to an
               Institutional Accredited Investor in reliance on an exemption
               from the registration requirements of the Securities Act other
               than that listed in subparagraph (B) above, a certificate to the
               effect set forth in Exhibit H hereto, including the
               certifications, certificates and Opinion of Counsel required by
               item (3) thereof, if applicable;

                                        8

<PAGE>

                    (F) if such beneficial interest is being transferred to the
               Issuers or any of their Subsidiaries, a certificate to the effect
               set forth in Exhibit H, including the certifications in item
               (3)(a) thereof; or

                    (G) if such beneficial interest is being transferred
               pursuant to an effective registration statement under the
               Securities Act, a certificate to the effect set forth in Exhibit
               H hereto, including the certifications in item (3)(c) thereof,

          the Trustee shall cause the aggregate principal amount of the
          applicable Global Note to be reduced accordingly pursuant to Section
          2.6(g) hereof, and the Issuers shall execute and the Trustee shall
          authenticate and deliver to the Person designated in the instructions
          a Definitive Note in the appropriate principal amount. Any Definitive
          Note issued in exchange for a beneficial interest in a Restricted
          Global Note pursuant to this Section 2.6(c)(1) shall be registered in
          such name or names and in such authorized denomination or
          denominations as the holder of such beneficial interest shall instruct
          the Registrar through instructions from the Depositary and the
          Participant or Indirect Participant. The Trustee shall deliver such
          Definitive Notes to the Persons in whose names such Notes are so
          registered. Any Definitive Note issued in exchange for a beneficial
          interest in a Restricted Global Note pursuant to this Section
          2.6(c)(1) shall bear the Private Placement Legend and shall be subject
          to all restrictions on transfer contained therein.

               (2) Beneficial Interests in Regulation S Global Note to
          Definitive Notes. A beneficial interest in the Regulation S Global
          Note may not be exchanged for a Definitive Note or transferred to a
          Person who takes delivery thereof in the form of a Definitive Note
          prior to the expiration of the Restricted Period, except in the case
          of a transfer pursuant to an exemption from the registration
          requirements of the Securities Act other than Rule 903 or Rule 904.

               (3) Beneficial Interests in Restricted Global Notes to
          Unrestricted Definitive Notes. A holder of a beneficial interest in a
          Restricted Global Note may exchange such beneficial interest for an
          Unrestricted Definitive Note or may transfer such beneficial interest
          to a Person who takes delivery thereof in the form of an Unrestricted
          Definitive Note only if:

                    (A) such exchange or transfer is effected pursuant to the
               Exchange Offer in accordance with the Registration Rights
               Agreement and the holder of such beneficial interest, in the case
               of an exchange, or the transferee, in the case of a transfer,
               certifies in the applicable letter of transmittal that (1) it is
               not an affiliate (as defined in Rule 144) of the Company, (2) it
               is not engaged in, and does not intend to engage in, and has no
               arrangement or understanding with any Person to participate in, a
               distribution of the Series B Notes to be issued in the Exchange
               Offer and (3) it is acquiring the Series B Notes in its ordinary
               course of business;

                                        9

<PAGE>

                    (B) such transfer is effected pursuant to the Shelf
               Registration Statement in accordance with the Registration Rights
               Agreement;

                    (C) such transfer is effected by a Broker Dealer pursuant to
               the Exchange Offer Registration Statement in accordance with the
               Registration Rights Agreement; or

                    (D) the Registrar receives the following:

                    (1) if the holder of such beneficial interest in a
               Restricted Global Note proposes to exchange such beneficial
               interest for a Definitive Note that does not bear the Private
               Placement Legend, a certificate from such Holder in the form of
               Exhibit I, including the certifications in item (1)(b) thereof;
               or

                    (2) if the holder of such beneficial interest in a
               Restricted Global Note proposes to transfer such beneficial
               interest to a Person who shall take delivery thereof in the form
               of a Definitive Note that does not bear the Private Placement
               Legend, a certificate from such Holder in the form of Exhibit H,
               including the certifications in item (4) thereof;

          and, in each such case set forth in this subparagraph (D), if the
          Registrar or the Issuers so request or if the Applicable Procedures so
          require, an opinion of counsel in form reasonably acceptable to the
          Registrar and the Issuers to the effect that such exchange or transfer
          is in compliance with the Securities Act and that the restrictions on
          transfer contained herein and in the Private Placement Legend are no
          longer required in order to maintain compliance with the Securities
          Act.

               (4) Beneficial Interests in Unrestricted Global Notes to
          Unrestricted Definitive Notes. If any holder of a beneficial interest
          in an Unrestricted Global Note proposes to exchange such beneficial
          interest for a Definitive Note or to transfer such beneficial interest
          to a Person who takes delivery thereof in the form of a Definitive
          Note, then, upon satisfaction of the conditions set forth in Section
          2.6(b)(2), the Trustee shall cause the aggregate principal amount of
          the applicable Global Note to be reduced accordingly pursuant to
          Section 2.6(g), and the Issuers shall execute and the Trustee shall
          authenticate and deliver to the Person designated in the instructions
          a Definitive Note in the appropriate principal amount. Any Definitive
          Note issued in exchange for a beneficial interest pursuant to this
          Section 2.6(c)(4) shall be registered in such name or names and in
          such authorized denomination or denominations as the holder of such
          beneficial interest shall instruct the Registrar through instructions
          from the Depositary and the Participant or Indirect Participant. The
          Trustee shall deliver such Definitive Notes to the Persons in whose
          names such Notes are so registered. Any Definitive Note issued in
          exchange for a beneficial interest pursuant to this Section 2.6(c)(4)
          shall not bear the Private Placement Legend.

     (d) Transfer and Exchange of Definitive Notes for Beneficial Interests.

                                       10

<PAGE>

               (1) Restricted Definitive Notes to Beneficial Interests in
          Restricted Global Notes. If any Holder of a Restricted Definitive Note
          proposes to exchange such Note for a beneficial interest in a
          Restricted Global Note or to transfer such Restricted Definitive Notes
          to a Person who takes delivery thereof in the form of a beneficial
          interest in a Restricted Global Note, then, upon receipt by the
          Registrar of the following documentation:

                    (A) if the Holder of such Restricted Definitive Note
               proposes to exchange such Note for a beneficial interest in a
               Restricted Global Note, a certificate from such Holder in the
               form of Exhibit I, including the certifications in item (2)(b)
               thereof;

                    (B) if such Restricted Definitive Note is being transferred
               to a QIB in accordance with Rule 144A, a certificate to the
               effect set forth in Exhibit H, including the certifications in
               item (1) thereof;

                    (C) if such Restricted Definitive Note is being transferred
               to a non-U.S. Person in an "offshore transaction" in accordance
               with Rule 903 or Rule 904, a certificate to the effect set forth
               in Exhibit H, including the certifications in item (2) thereof;

                    (D) if such Restricted Definitive Note is being transferred
               pursuant to an exemption from the registration requirements of
               the Securities Act in accordance with Rule 144, a certificate to
               the effect set forth in Exhibit H, including the certifications
               in item (3)(a) thereof;

                    (E) if such Restricted Definitive Note is being transferred
               to an Institutional Accredited Investor in reliance on an
               exemption from the registration requirements of the Securities
               Act other than those listed in subparagraphs (B) through (D)
               above, a certificate to the effect set forth in Exhibit H,
               including the certifications, certificates and Opinion of Counsel
               required by item (3) thereof, if applicable;

                    (F) if such Restricted Definitive Note is being transferred
               to the Issuers or any of their Subsidiaries, a certificate to the
               effect set forth in Exhibit H, including the certifications in
               item (3)(a) thereof; or

                    (G) if such Restricted Definitive Note is being transferred
               pursuant to an effective registration statement under the
               Securities Act, a certificate to the effect set forth in Exhibit
               H, including the certifications in item (3)(c) thereof,

          the Trustee shall cancel the Restricted Definitive Note, and increase
          or cause to be increased the aggregate principal amount of, in the
          case of clause (A) above, the appropriate Restricted Global Note, in
          the case of clause (B) above, the 144A Global Note, and in the case of
          clause (C) above, the Regulation S Global Note.

                                       11

<PAGE>

               (2) Restricted Definitive Notes to Beneficial Interests in
          Unrestricted Global Notes. A Holder of a Restricted Definitive Note
          may exchange such Note for a beneficial interest in an Unrestricted
          Global Note or transfer such Restricted Definitive Note to a Person
          who takes delivery thereof in the form of a beneficial interest in an
          Unrestricted Global Note only if:

                    (A) such exchange or transfer is effected pursuant to the
               Exchange Offer in accordance with the Registration Rights
               Agreement and the Holder, in the case of an exchange, or the
               transferee, in the case of a transfer, certifies in the
               applicable letter of transmittal (1) it is not an affiliate (as
               defined in Rule 144) of the Company, (2) it is not engaged in,
               and does not intend to engage in, and has no arrangement or
               understanding with any Person to participate in, a distribution
               of the Series B Notes to be issued in the Exchange Offer and (3)
               it is acquiring the Series B Notes in its ordinary course of
               business;

                    (B) such transfer is effected pursuant to the Shelf
               Registration Statement in accordance with the Registration Rights
               Agreement;

                    (C) such transfer is effected by a Broker Dealer pursuant to
               the Exchange Offer Registration Statement in accordance with the
               Registration Rights Agreement; or

                    (D) Registrar receives the following:

                    (1) if the Holder of such Restricted Definitive Note
               proposes to exchange such Note for a beneficial interest in the
               Unrestricted Global Note, a certificate from such Holder in the
               form of Exhibit I, including the certifications in item (1)(c)
               thereof; or

                    (2) if the Holder of such Restricted Definitive Note
               proposes to transfer such Note to a Person who shall take
               delivery thereof in the form of a beneficial interest in the
               Unrestricted Global Note, a certificate from such Holder in the
               form of Exhibit H, including the certifications in item (4)
               thereof;

          and, in each such case set forth in this subparagraph (D), if the
          Registrar or the Issuers so request or if the Applicable Procedures so
          require, an opinion of counsel in form reasonably acceptable to the
          Registrar and the Issuers to the effect that such exchange or transfer
          is in compliance with the Securities Act and that the restrictions on
          transfer contained herein and in the Private Placement Legend are no
          longer required in order to maintain compliance with the Securities
          Act.

     Upon satisfaction of the conditions of any of the subparagraphs in this
Section 2.6(d)(2), the Trustee shall cancel the Definitive Notes and increase or
cause to be increased the aggregate principal amount of the Unrestricted Global
Note.

                                       12

<PAGE>

                    (3) Unrestricted Definitive Notes to Beneficial Interests in
               Unrestricted Global Notes. A Holder of an Unrestricted Definitive
               Note may exchange such Note for a beneficial interest in an
               Unrestricted Global Note or transfer such Unrestricted Definitive
               Note to a Person who takes delivery thereof in the form of a
               beneficial interest in an Unrestricted Global Note at any time.
               Upon receipt of a request for such an exchange or transfer, the
               Trustee shall cancel the applicable Unrestricted Definitive Note
               and increase or cause to be increased the aggregate principal
               amount of one of the Unrestricted Global Notes.

     If any such exchange or transfer from a Definitive Note to a beneficial
interest is effected pursuant to subparagraphs (2) or (3) of this Section 2.6(d)
above at a time when an Unrestricted Global Note has not yet been issued, the
Issuers shall issue and, upon receipt of an Officer's Certificate in accordance
with Section 2.1, the Trustee shall authenticate one or more Unrestricted Global
Notes in an aggregate principal amount equal to the principal amount of
Definitive Notes so transferred.

     (e) Transfer and Exchange of Definitive Notes for Definitive Notes. Upon
request by a Holder of Definitive Notes and such Holder's compliance with the
provisions of this Section 2.6(e), the Registrar shall register the transfer or
exchange of Definitive Notes. Prior to such registration of transfer or
exchange, the requesting Holder shall present or surrender to the Registrar the
Definitive Notes duly endorsed or accompanied by a written instruction of
transfer in form satisfactory to the Registrar duly executed by such Holder or
by its attorney, duly authorized in writing. In addition, the requesting Holder
shall provide any additional certifications, documents and information, as
applicable, required pursuant to the following provisions of this Section
2.6(e).

               (1) Restricted Definitive Notes to Restricted Definitive Notes.
          Any Restricted Definitive Note may be transferred to and registered in
          the name of Persons who take delivery thereof in the form of a
          Restricted Definitive Note if the Registrar receives the following:

                    (A) if the transfer shall be made pursuant to Rule 144A,
               then the transferor must deliver a certificate in the form of
               Exhibit H, including the certifications in item (1) thereof;

                    (B) if the transfer will be made pursuant to Rule 903 or
               Rule 904, then the transferor must deliver a certificate in the
               form of Exhibit H, including the certifications in item (2)
               thereof; and

                    (C) if the transfer shall be made pursuant to any other
               exemption from the registration requirements of the Securities
               Act, then the transferor must deliver a certificate in the form
               of Exhibit H, including the certifications, certificates and
               Opinion of Counsel required by item (3) thereof, if applicable.

               (2) Restricted Definitive Notes to Unrestricted Definitive Notes.
          Any Restricted Definitive Note may be exchanged by the Holder thereof
          for an

                                       13

<PAGE>

          Unrestricted Definitive Note or transferred to a Person or Persons who
          take delivery thereof in the form of an Unrestricted Definitive Note
          if:

                    (A) such exchange or transfer is effected pursuant to the
               Exchange Offer in accordance with the Registration Rights
               Agreement and the Holder, in the case of an exchange, or the
               transferee, in the case of a transfer, certifies in the
               applicable letter of transmittal that (1) it is not an affiliate
               (as defined in Rule 144) of the Company, (2) it is not engaged
               in, and does not intend to engage in, and has no arrangement or
               understanding with any Person to participate in, a distribution
               of the Series B Notes to be issued in the Exchange Offer and (3)
               it is acquiring the Series B Notes in its ordinary course of
               business;

                    (B) any such transfer is effected pursuant to the Shelf
               Registration Statement in accordance with the Registration Rights
               Agreement;

                    (C) any such transfer is effected by a Broker Dealer
               pursuant to the Exchange Offer Registration Statement in
               accordance with the Registration Rights Agreement; or

                    (D) the Registrar receives the following:

                    (1) if the Holder of such Restricted Definitive Note
               proposes to exchange such Note for an Unrestricted Definitive
               Note, a certificate from such Holder in the form of Exhibit I,
               including the certifications in item (1)(d) thereof; or

                    (2) if the Holder of such Restricted Definitive Note
               proposes to transfer such Note to a Person who shall take
               delivery thereof in the form of an Unrestricted Definitive Note,
               a certificate from such Holder in the form of Exhibit H,
               including the certifications in item (4) thereof;

          and, in each such case set forth in this subparagraph (D), if the
          Registrar so requests, an opinion of counsel in form reasonably
          acceptable to the Issuers to the effect that such exchange or transfer
          is in compliance with the Securities Act and that the restrictions on
          transfer contained herein and in the Private Placement Legend are no
          longer required in order to maintain compliance with the Securities
          Act..

               (3) Unrestricted Definitive Notes to Unrestricted Definitive
          Notes. A Holder of Unrestricted Definitive Notes may transfer such
          Notes to a Person who takes delivery thereof in the form of an
          Unrestricted Definitive Note. Upon receipt of a request to register
          such a transfer, the Registrar shall register the Unrestricted
          Definitive Notes pursuant to the instructions from the Holder thereof.

     (f) Exchange Offer. Upon the occurrence of the Exchange Offer in accordance
with the Registration Rights Agreement, the Issuers shall issue and, upon
receipt of an Authentication

                                       14

<PAGE>

Order in accordance with Section 2.2, the Trustee shall authenticate (i) one or
more Unrestricted Global Notes in an aggregate principal amount equal to the
principal amount of the beneficial interests in the Restricted Global Notes
tendered for acceptance by Persons that certify in the applicable Letters of
Transmittal that (x) they are not affiliates (as defined in Rule 144) of the
Issuers, (y) they are not engaged in, and do not intend to engage in, and have
no arrangement or understanding with any Person to participate in, a
distribution of the Series B Notes to be issued in the Exchange Offer and (z)
they are acquiring the Series B Notes in their ordinary course of business and
(ii) Unrestricted Definitive Notes in an aggregate principal amount equal to the
principal amount of the Restricted Definitive Notes accepted for exchange in the
Exchange Offer. Concurrently with the issuance of such Notes, the Trustee shall
cause the aggregate principal amount of the applicable Restricted Global Notes
to be reduced accordingly, and the Company shall execute and the Trustee shall
authenticate and deliver to the Persons designated by the Holders of Restricted
Global Notes so accepted Unrestricted Global Notes in the appropriate principal
amount.

     (g) Cancellation and/or Adjustment of Global Notes. At such time as all
beneficial interests in a particular Global Note have been exchanged for
Definitive Notes or a particular Global Note has been redeemed, repurchased or
canceled in whole and not in part, each such Global Note shall be returned to or
retained and canceled by the Trustee in accordance with Section 2.12 hereof. At
any time prior to such cancellation, if any beneficial interest in a Global Note
is exchanged for or transferred to a Person who shall take delivery thereof in
the form of a beneficial interest in another Global Note or for Definitive
Notes, the principal amount of Notes represented by such Global Note shall be
reduced accordingly and an endorsement shall be made on such Global Note by the
Trustee or by the Depositary or Custodian at the direction of the Trustee to
reflect such reduction; and if the beneficial interest is being exchanged for or
transferred to a Person who shall take delivery thereof in the form of a
beneficial interest in another Global Note, such other Global Note shall be
increased accordingly and an endorsement shall be made on such Global Note by
the Trustee or by the Depositary or Custodian at the direction of the Trustee to
reflect such increase.

     (h) General Provisions Relating to Transfers and Exchanges.

          (i) To permit registrations of transfers and exchanges, the Issuers
     shall execute and the Trustee shall authenticate Global Notes and
     Definitive Notes upon the Issuers' order or at the Registrar's request.

          (ii) No service charge shall be made to a Holder of a beneficial
     interest in a Global Note or to a Holder of a Definitive Note for any
     registration of transfer or exchange, but the Issuers may require payment
     of a sum sufficient to cover any transfer tax or similar governmental
     charge payable in connection therewith (other than any such transfer taxes
     or similar governmental charge payable upon exchange or transfer pursuant
     to Sections 2.10, 4.10 and 9.5 or Section 5 of the Note).

          (iii) The Registrar shall not be required to register the transfer of
     or exchange any Note selected for redemption in whole or in part, except
     the unredeemed portion of any Note being redeemed in part.

                                       15

<PAGE>

          (iv) The Issuers and the Registrar shall not be required (A) to issue,
     to register the transfer of or to exchange any Notes during a period
     beginning at the opening of business 15 days before the day of any
     selection of Notes for redemption under Section 3.2 or Section 3.7 and
     ending at the close of business on the day of selection, (B) to register
     the transfer of or to exchange any Note so selected for redemption in whole
     or in part, except the unredeemed portion of any Note being redeemed in
     part, (C) to register the transfer of or to exchange a Note between a
     record date and the next succeeding interest payment date or (D) to
     register the transfer of or to exchange a Note tendered and not withdrawn
     in connection with a Excess Proceeds Offer or a Change of Control Offer.

          (v) Prior to due presentment for the registration of a transfer of any
     Note, the Trustee, any Agent and the Issuers may deem and treat the Person
     in whose name any Note is registered as the absolute owner of such Note for
     the purpose of receiving payment of principal of and interest on such Notes
     and for all other purposes, and none of the Trustee, any Agent or the
     Issuers shall be affected by notice to the contrary.

          (vi) The Trustee shall authenticate Global Notes and Definitive Notes
     in accordance with the provisions of Section 2.2.

          (vii) All certifications, certificates and Opinions of Counsel
     required to be submitted to the Registrar pursuant to this Section 2.6 to
     effect a registration of transfer or exchange may be submitted by
     facsimile.

     (e) Section 2.13 of the Indenture is hereby amended and restated to read in
its entirety as follows:

     SECTION 2.13 RESERVED.

and the reference to "Section 2.13 Legends" in the Table of Contents shall be
replaced with "Section 2.13 Reserved."

     (f) Exhibits A and B are is hereby amended and restated to read in their
entirety as set forth on the attached Exhibits A and B and the Table of Contents
shall be amended by replacing the reference to Exhibit B therein with the
following:

     Exhibit B Form of Private Placement Legend.

     (g) Exhibits G, H, I and J attached hereto are hereby added as Exhibits.
The Table of Contents shall be amended by adding the following Exhibit
references:

<TABLE>
<S>                                                                          <C>
Exhibit G Form of Legend for Global Note                                     G-1
Exhibit H Form of Certificate of Transfer                                    H-1
Exhibit I Form of Certificate of Exchange                                    I-1
Exhibit J Form of Certificate from Acquiring Institutional Accredited
   Investor                                                                  J-1
</TABLE>

     3. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE CONSTRUED,
INTERPRETED AND THE RIGHTS OF THE PARTIES DETERMINED IN ACCORDANCE WITH THE LAWS
OF THE STATE OF NEW YORK, AS APPLIED TO

                                       16

<PAGE>

CONTRACTS MADE AND PERFORMED WITHIN THE STATE OF NEW YORK, INCLUDING, WITHOUT
LIMITATION, SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW
AND NEW YORK CIVIL PRACTICE LAWS AND RULES 327(b). THE ISSUERS HEREBY
IRREVOCABLY SUBMIT TO THE JURISDICTION OF ANY NEW YORK STATE COURT SITTING IN
THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK OR ANY FEDERAL COURT SITTING IN
THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK IN RESPECT OF ANY SUIT, ACTION
OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, AND IRREVOCABLY
ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND
UNCONDITIONALLY, JURISDICTION OF THE AFORESAID COURTS. THE ISSUERS IRREVOCABLY
WAIVE, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO UNDER APPLICABLE LAW,
TRIAL BY JURY AND ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING
OF THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT
AND ANY CLAIM THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT
HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. THE ISSUERS IRREVOCABLY CONSENT, TO
THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO UNDER APPLICABLE LAW, TO THE SERVICE
OF PROCESS OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING
BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE
PREPAID, TO THE ISSUERS AT THEIR ADDRESS SET FORTH IN THE INDENTURE, SUCH
SERVICE TO BECOME EFFECTIVE 30 DAYS AFTER SUCH MAILING. NOTHING HEREIN SHALL
AFFECT THE RIGHT OF ANY PERSON TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY
LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST THE ISSUERS IN
ANY OTHER JURISDICTION.

     4. Ratification of Indenture; Supplemental Indentures Part of Indenture.
Except as expressly amended hereby, (i) this Supplemental Indenture shall not
constitute an amendment or waiver of any provision of the Indenture and shall
not be construed as a waiver or consent to any further or future action and (ii)
the Indenture is in all respects ratified and confirmed and all the terms,
conditions and provisions thereof shall remain in full force and effect. This
Supplemental Indenture shall form a part of the Indenture for all purposes, and
every Holder of Notes heretofore or hereafter authenticated and delivered shall
be bound hereby.

     5. Counterparts. The parties hereto may sign one or more copies of this
Supplemental Indenture in counterparts, all of which together shall constitute
one and the same agreement.

     6. Headings. The section headings herein are for convenience of reference
only and shall not be deemed to alter or affect the meaning or interpretation of
any provisions hereof.

     7. Trustee. The Trustee makes no representation or warranty as to the
validity or sufficiency of this Supplemental Indenture. The recitals and
statements are deemed to be those of the Issuers and the Subsidiary Guarantors
and not of the Trustee.

                                       17

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed as of the date first above written.

THE ISSUERS:

THE MAJESTIC STAR CASINO, LLC.

By:
    ---------------------------------
Name:
      -------------------------------
Title:
       ------------------------------

THE MAJESTIC STAR CASINO CAPITAL CORP.

By:
    ---------------------------------
Name:
      -------------------------------
Title:
       ------------------------------

THE SUBSIDIARY GUARANTORS

MAJESTIC INVESTOR, LLC
MAJESTIC INVESTOR HOLDINGS, LLC
BARDEN MISSISSIPPI GAMING, LLC
BARDEN COLORADO GAMING, LLC
MAJESTIC INVESTOR CAPITAL CORP.

By:
    ---------------------------------
Name:
      -------------------------------
Title:
       ------------------------------

THE TRUSTEE:

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

By:
    ---------------------------------
Name:
      -------------------------------
Title:
       ------------------------------

<PAGE>

                                                                       EXHIBIT A

                               (Face of Security)

                          THE MAJESTIC STAR CASINO, LLC
                     THE MAJESTIC STAR CASINO CAPITAL CORP.
                           9 1/2% SENIOR SECURED NOTE
                                    DUE 2010

No. [__]                                                        [______________]

CUSIP NO.

     The Majestic Star Casino, LLC, an Indiana limited liability company (the
"Company"), and The Majestic Star Casino Capital Corp., an Indiana corporation
("Capital" and, together with the Company, the "Issuers"), as obligors, for
value received promise to pay to Cede & Co. or registered assigns, the principal
sum of [__________] Dollars on October 15, 2010. Interest Payment Dates: April
15 and October 15 and on the maturity date. Record Dates: April 1 and October 1
(whether or not a Business Day).

     Reference is hereby made to the further provisions of this Note set forth
on the reverse hereof, which further provisions shall for all purposes have the
same effect as if set forth at this place.

                                       A-1

<PAGE>

     IN WITNESS WHEREOF, the Issuers have caused this Note to be signed manually
or by facsimile by their duly authorized officers.

                                        THE ISSUERS:

                                        THE MAJESTIC STAR CASINO, LLC

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        THE MAJESTIC STAR CASINO CAPITAL CORP.

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

Trustee's Certificate of
Authentication:

Dated:
       -------------------

This is one of the Notes referred to
in the within-mentioned Indenture:

The Bank of New York Trust Company,
N.A., as Trustee

By:
    ---------------------------------
         Authorized Signatory

                                      A-2

<PAGE>

                               (Back of Security)

                           9 1/2% SENIOR SECURED NOTE
                                    DUE 2010

     1. Interest. The Majestic Star Casino, LLC, an Indiana limited liability
company (the "Company"), and The Majestic Star Casino Capital Corp., an Indiana
corporation ("Capital" and, together with the Company, the "Issuers"), as
obligors, promise to pay interest on the principal amount of this Note at the
rate and in the manner specified below.

     The Issuers shall pay, in cash, interest on the principal amount of this
Note, at the rate of 9.5% per annum. The Issuers shall pay interest
semi-annually on April 15 and October 15 of each year, and on the maturity date,
commencing on April 15, 2006, or if any such day is not a Business Day, on the
next succeeding Business Day (each an "Interest Payment Date").

     Interest shall be computed on the basis of a 360-day year consisting of
twelve 30-day months. Interest shall accrue from the most recent date to which
interest has been paid or, if no interest has been paid, from October 15, 2005.
To the extent lawful, the Issuers shall pay interest on overdue principal at the
rate of 1% per annum in excess of the then applicable interest rate on the
Notes; the Issuers shall pay interest on overdue installments of interest
(without regard to any applicable grace periods) at the same rate to the extent
lawful.

     2. Method of Payment. The Issuers shall pay interest on the Notes (except
defaulted interest) to the Persons who are registered Holders of Notes at the
close of business on the record date next preceding the Interest Payment Date,
even if such Notes are cancelled after such record date and on or before such
Interest Payment Date. The Holder must surrender this Note to a Paying Agent to
collect principal payments. The Issuers shall pay principal and interest in
money of the United States that at the time of payment is legal tender for
payment of public and private debts. The Issuers may pay principal and interest
by check to a Holder's registered address.

     3. Paying Agent and Registrar. Initially, the Trustee shall act as Paying
Agent and Registrar. The Issuers may change any Paying Agent, Registrar or
co-registrar without notice to any Holder. Subject to certain exceptions, the
Company or any of its Subsidiaries may act in any such capacity.

     4. Indenture. The Issuers issued the Notes under an Indenture dated as of
October 7, 2003, as amended (as amended, supplemented, waived or otherwise
modified, the "Indenture") among the Issuers, the Subsidiary Guarantors named
therein and the Trustee. The terms of the Notes include those stated in the
Indenture and those made part of the Indenture by reference to the Trust
Indenture Act of 1939 (the "TIA") (15 U.S. Code Sections 77aaa-77bbbb) as in
effect on the date of the Indenture until such time as the Indenture is
qualified under the TIA and thereafter as in effect on the date the Indenture is
so qualified. The Notes are subject to all such terms, and Holders are referred
to the Indenture and the TIA for a statement of such terms. The terms of the
Indenture shall govern any inconsistencies between the Indenture and the Notes.
Terms not otherwise defined herein shall have the meanings assigned in the
Indenture. The aggregate principal amount of Notes that may be authenticated and
delivered under the Indenture is unlimited.

     5. Optional Redemption. Except as set forth in Sections 3.7(b) and 3.8 of
the Indenture, the Notes are not redeemable at the Issuers' option prior to
October 15, 2007. Thereafter, the Notes shall be subject to redemption at the
option of the Issuers, in whole or in part, at the redemption prices (expressed
as percentages of principal amount) set forth below plus accrued and unpaid
interest thereon and Liquidated Damages, if any, to the applicable date of
redemption, if redeemed during the 12-month period beginning on October 15 of
the years indicated below:

                                      A-3

<PAGE>

<TABLE>
<CAPTION>
Year                  Percentage
----                  ----------
<S>                   <C>
2007                   104.750%
2008                   102.375%
2009 and thereafter    100.000%
</TABLE>

     Notwithstanding the foregoing, at any time or from time to time prior to
October 15, 2006, the Issuers may redeem, at their option, up to 35% of the
aggregate principal amount of the Notes then outstanding at a redemption price
of 109.500% of the principal amount thereof, plus accrued and unpaid interest
thereon and Liquidated Damages, if any, through the applicable date of
redemption, with the Net Cash Proceeds of one or more Qualified Equity
Offerings; provided that, (a) such redemption shall occur within 60 days of the
date of closing of such Qualified Equity Offering and (b) at least 65% of the
aggregate principal amount of Notes issued on or after the Issue Date remains
outstanding immediately after giving effect to each such redemption.

     6. Mandatory Redemption. There shall be no mandatory redemption of the
Notes (other than a Required Regulatory Redemption).

     7. Denominations, Transfer, Exchange. The Notes are in registered form
without coupons in denominations of $1,000 and integral multiples of $1,000. The
transfer of Notes may be registered and Notes may be exchanged as provided in
the Indenture. The Registrar and the Trustee may require a Holder, among other
things, to furnish appropriate endorsements and transfer documents and the
Issuers may require a Holder to pay any taxes and fees required by law or
permitted by the Indenture. The Registrar and the Issuers need not exchange or
register the transfer (i) of any Note or portion of a Note selected for
redemption or (ii) of any Notes for a period of 15 days before a selection of
Notes to be redeemed or during the period between a record date and the
corresponding Interest Payment Date.

     8. Persons Deemed Owners. The registered Holder of a Note may be treated as
its owner for all purposes, subject to the provisions of the Indenture with
respect to the record dates for the payment of interest.

     9. Amendments and Waivers. Subject to certain exceptions, the Indenture or
the Notes may be amended with the written consent of the Holders of at least a
majority in principal amount of the then outstanding Notes (including consents
obtained in connection with a tender offer or exchange offer for Notes), and any
existing Default or Event of Default (except certain payment defaults) may be
waived with the consent of the Holders of a majority in principal amount of the
then outstanding Notes (including consents obtained in connection with a tender
offer or exchange offer for Notes). Without the consent of any Holders, the
Indenture, the Notes and the Security Documents, may be amended or supplemented
to cure any ambiguity, defect or inconsistency, to provide for assumption of the
Issuers' obligations to the Holders in the case of a merger or consolidation, to
provide for uncertificated Notes in addition to or in place of certificated
Notes, to make any change that would provide any additional rights or benefits
to the Holders of the Notes, or that does not adversely affect the legal rights
hereunder or under the Indenture or the Security Documents of any Holder, to
release any Subsidiary Guarantee of the Notes permitted to be released under the
terms of the Indenture, to comply with requirements of the Commission in order
to effect or maintain the qualification of the Indenture under the TIA, or to
comply with the requirements of the Trustee and the Depositary (including its
nominees) with respect to transfers of beneficial interests in the Notes.
Notwithstanding the foregoing, without the consent of not less than two-thirds
in aggregate principal amount of the Notes at the time outstanding, the Issuers,
the Subsidiary Guarantors and the Trustee may not amend or supplement the
Security Documents, or waive or modify the rights of the Holders thereunder or
the provisions of the Indenture relating thereto.

     10. Defaults and Remedies. If an Event of Default occurs and is continuing,
the Trustee or the Holders of at least 25% in aggregate principal amount of the
then outstanding Notes may declare by written notice to the Issuers and the
Trustee all the Notes to be due and payable immediately, except that in the case
of an Event of Default arising from certain events of bankruptcy or insolvency,
all outstanding Notes become due and payable immediately without further action
or notice. Holders may not enforce the Indenture or the Notes except as provided
in the Indenture. The Trustee may require security and indemnity satisfactory to
it before it enforces the

                                      A-4

<PAGE>

Indenture or the Notes. Subject to certain limitations, Holders of a majority in
principal amount of the then outstanding Notes may direct the Trustee in its
exercise of any trust or power. The Issuers must furnish an annual compliance
certificate to the Trustee.

     11. Trustee Dealings with Issuers. The Trustee under the Indenture, in its
individual or any other capacity, may make loans to, accept deposits from, and
perform services for the Issuers or their Affiliates, and may otherwise deal
with the Issuers or their Affiliates, as if it were not Trustee.

     12. No Recourse Against Others. No director, member, manager, officer,
employee, incorporator, stockholder or controlling person of the Issuers or any
Subsidiary Guarantor, as such, shall have any liability for any obligations of
the Issuers or any Subsidiary Guarantor under the Notes, the Indenture, the
Security Documents or the Registration Rights Agreement or for any claim based
on, in respect of, or by reason of such obligations or their creation. Each
Holder by accepting a Note waives and releases all such liability. The waiver
and release are part of the consideration for the issuance of the Notes and the
Subsidiary Guarantees. Notwithstanding the foregoing, nothing in this provision
shall be construed as a waiver or release of any claims under the Federal
securities laws.

     13. Authentication. This Note shall not be valid until authenticated by the
manual signature of the Trustee or an authenticating agent.

     14. Abbreviations. Customary abbreviations may be used in the name of a
Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (=
tenants by the entireties), JT TEN (= joint tenants with right of survivorship
and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts
to Minors Act).

     15. CUSIP Numbers. Pursuant to a recommendation promulgated by the
Committee on Uniform Security Identification Procedures, the Issuers have caused
CUSIP numbers to be printed on the Notes and has directed the Trustee to use
CUSIP numbers in notices of redemption as a convenience to Holders. No
representation is made as to the accuracy of such numbers either as printed on
the Notes or as contained in any notice of redemption and reliance may be placed
only on the other identification numbers placed thereon.

     16. Governing Law. This Note and the Indenture shall be construed,
interpreted and the rights of the parties determined in accordance with the laws
of the State of New York, including, without limitation, Sections 5-1401 and
5-1402 of the New York General Obligations Law and New York Civil Practice Laws
and Rules 327(b).

     17. Holders' Compliance with Registration Rights Agreement. Each Holder of
a Note, by its acceptance thereof, acknowledges and agrees to the provisions of
the Registration Rights Agreement, among the Issuers and the parties named on
the signature page thereof, that was entered into in respect of this Note and
the other Notes that were issued contemporaneously herewith (the "Registration
Rights Agreement"), including but not limited to the obligations of the Holders
with respect to a registration and the indemnification of the Issuers and the
Initial Purchasers (as defined therein) to the extent provided therein.

     The Issuers shall furnish to any Holder upon written request and without
charge a copy of the Indenture and/or the Registration Rights Agreement.
Requests may be made to: The Majestic Star Casino, LLC, 301 Fremont Street, 12th
Floor, Las Vegas, Nevada 89101, Attention: Chief Financial Officer.

                                      A-5

<PAGE>

                                   ASSIGNMENT

                   I or we assign and transfer this Note to:

             ______________________________________________________
             (Insert assignee's social security or tax I.D. number)

             ______________________________________________________
             (Print or type name, address and zip code of assignee)

                            and irrevocably appoint:

     Agent to transfer this Note on the books of the Company. The Agent may
substitute another to act for him.

                                        Date:                   Your Signature:
                                              ----------------

                                        ----------------------------------------
                                        (Sign exactly as your name appears on
                                        the other side of this Note)

                                        Signature Guarantee:

                                        ----------------------------------------

                               SIGNATURE GUARANTEE

     Signatures must be guaranteed by an "eligible guarantor institution"
meeting the requirements of the Registrar, which requirements include membership
or participation in the Security Transfer Agent Medallion Program ("STAMP") or
such other "signature guarantee program" as may be determined by the Registrar
in addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended.

                                      A-6

<PAGE>

                       OPTION OF HOLDER TO ELECT PURCHASE

     If you want to elect to have all or any part of this Note purchased by the
Issuers pursuant to Section 4.7 or Section 4.10 of the Indenture, check the
appropriate box:

     [ ] Section 4.7    [ ] Section 4.10

     If you want to have only part of the Note purchased by the Issuers
pursuant to Section 4.7 or Section 4.10 of the Indenture, state the amount you
elect to have purchased:

                                        $
                                         ---------------------------------------
                                                  (multiple of $1,000)

                                        Date:
                                              -----------------------

                                        Your Signature:

                                        ---------------------------------------
                                        (Sign exactly as your name appears on
                                        the face of this Note)

                                        ----------------------------------------

Signature Guaranteed

                               SIGNATURE GUARANTEE

     Signatures must be guaranteed by an "eligible guarantor institution"
meeting the requirements of the Registrar, which requirements include membership
or participation in the Security Transfer Agent Medallion Program ("STAMP") or
such other "signature guarantee program" as may be determined by the Registrar
in addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended.

                                      A-7

<PAGE>

                        [TO BE ATTACHED TO GLOBAL NOTES]

              SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE

    THE FOLLOWING INCREASES OR DECREASES IN THIS GLOBAL NOTE HAVE BEEN MADE:

<TABLE>
<CAPTION>
                     Amount of decrease in      Amount of increase in     Principal amount of this    Signature of authorized
                   principal amount of this   principal amount of this   Global Note following such    officer of Trustee or
Date of Exchange          Global Note                Global Note            decrease or increase             Custodian
----------------   ------------------------   ------------------------   --------------------------   -----------------------
<S>                <C>                        <C>                        <C>                          <C>

</TABLE>

                                      A-8

<PAGE>

                                                                       EXHIBIT B

                       [FORM OF PRIVATE PLACEMENT LEGEND]

     THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF
1933, AS AMENDED (THE "SECURITIES ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR
SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S.
PERSONS EXCEPT AS SET FORTH BELOW. BY ITS ACQUISITION HEREOF, THE HOLDER (1)
REPRESENTS THAT (A) IT IS A "QUALIFIED INSTITUTIONAL BUYER" (AS DEFINED IN RULE
144A UNDER THE SECURITIES ACT), (B) IT IS NOT A U.S. PERSON AND IS ACQUIRING
THIS SECURITY IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 UNDER THE
SECURITIES ACT OR (C) IT IS AN ACCREDITED INVESTOR (AS DEFINED IN RULE
501(a)(1), (2), (3), OR (7) UNDER THE SECURITIES ACT) (AN "ACCREDITED
INVESTOR"), (2) AGREES THAT IT WILL NOT WITHIN TWO YEARS AFTER THE ORIGINAL
ISSUANCE OF THIS SECURITY RESELL OR OTHERWISE TRANSFER THIS SECURITY EXCEPT (A)
TO THE COMPANY OR ANY SUBSIDIARY THEREOF, (B) INSIDE THE UNITED STATES TO A
QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES
ACT, (C) INSIDE THE UNITED STATES TO AN ACCREDITED INVESTOR THAT, PRIOR TO SUCH
TRANSFER, FURNISHES (OR HAS FURNISHED ON ITS BEHALF BY A U.S. BROKER-DEALER) TO
THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS
RELATING TO THE RESTRICTIONS ON TRANSFER OF THIS SECURITY (THE FORM OF WHICH
LETTER CAN BE OBTAINED FROM THE TRUSTEE FOR THIS SECURITY), (D) OUTSIDE THE
UNITED STATES IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 188 UNDER
THE SECURITIES ACT (IF AVAILABLE), (E) PURSUANT TO THE EXEMPTION FROM
REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE), (F)
IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL IF THE COMPANY SO REQUESTS)
OR (G) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT
AND (3) AGREES THAT IT WILL GIVE TO EACH PERSON TO WHOM THIS SECURITY IS
TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. IN CONNECTION
WITH ANY TRANSFER OF THIS SECURITY WITHIN TWO YEARS AFTER THE ORIGINAL ISSUANCE
OF THIS SECURITY, IF THE PROPOSED TRANSFEREE IS AN ACCREDITED INVESTOR, THE
HOLDER MUST, PRIOR TO SUCH TRANSFER, FURNISH TO THE TRUSTEE AND THE COMPANY SUCH
CERTIFICATIONS, LEGAL OPINIONS OR OTHER INFORMATION AS EITHER OF THEM MAY
REASONABLY REQUIRE TO CONFIRM THAT SUCH TRANSFER IS BEING MADE PURSUANT TO AN
EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT. AS USED HEREIN, THE TERMS "OFFSHORE
TRANSACTION," "UNITED STATES" AND "U.S. PERSON" HAVE THE MEANING GIVEN TO THEM
BY REGULATION S UNDER THE SECURITIES ACT.

                                      B-1

<PAGE>

                                                                       EXHIBIT G

                        [FORM OF LEGEND FOR GLOBAL NOTE]

     THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE OF A
DEPOSITORY. THIS NOTE IS NOT EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A
PERSON OTHER THAN THE DEPOSITORY OR ITS NOMINEE EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS NOTE (OTHER
THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE
DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER
NOMINEE OF THE DEPOSITORY) MAY BE REGISTERED EXCEPT IN THE LIMITED CIRCUMSTANCES
DESCRIBED IN THE INDENTURE.

     UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY (A NEW YORK CORPORATION) ("DTC") TO THE ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY NOTE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH
OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

                                      G-1

<PAGE>

                                                                       EXHIBIT H

                         FORM OF CERTIFICATE OF TRANSFER

The Bank of New York Trust Company, N.A.
700 South Flower Street, Suite 500
Los Angeles, CA 90017
Attention: Corporate Unit
Telecopier No.: (213) 630-6298

Re: 9 1/2% Senior Secured Notes due 2010

     Reference is hereby made to the Indenture dated as of October 7, 2003, as
amended (as amended, supplemented, waived or otherwise modified, the
"Indenture") among The Majestic Star Casino, LLC (the "Company") and The
Majestic Star Casino Capital Corp. ("Capital", and together with the Company,
the "Issuers"), the Subsidiary Guarantors named therein and The Bank of New York
Trust Company, N.A. as successor to The Bank of New York, as trustee (the
"Trustee"). Capitalized terms used but not defined herein shall have the
meanings given to them in the Indenture.

     ___________________ (the "Transferor") owns and proposes to transfer the
Note[s] or interest in such Note[s] specified in Annex A hereto, in the
principal amount at maturity of $___________ in such Note[s] or interests (the
"Transfer"), to ___________________________ (the "Transferee"), as further
specified in Annex A hereto. In connection with the Transfer, the Transferor
hereby certifies that:

                             [CHECK ALL THAT APPLY]

     [ ] 1. CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN
THE 144A GLOBAL NOTE OR A DEFINITIVE NOTE PURSUANT TO RULE 144A. The Transfer is
being effected pursuant to and in accordance with Rule 144A under the Securities
Act of 1933, as amended (the "Securities Act"), and, accordingly, the Transferor
hereby further certifies that the beneficial interest or Definitive Note is
being transferred to a Person that the Transferor reasonably believed and
believes is purchasing the beneficial interest or Definitive Note for its own
account, or for one or more accounts with respect to which such Person exercises
sole investment discretion, and such Person and each such account is a
"qualified institutional buyer" within the meaning of Rule 144A in a transaction
meeting the requirements of Rule 144A and such Transfer is in compliance with
any applicable blue sky securities laws of any state of the United States. Upon
consummation of the proposed Transfer in accordance with the terms of the
Indenture, the transferred beneficial interest or Definitive Note shall be
subject to the restrictions on transfer enumerated in the Private Placement
Legend printed on the 144A Global Note and/or the Definitive Note and in the
Indenture and the Securities Act.

     [ ] 2. CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN A
REGULATION S GLOBAL NOTE OR A DEFINITIVE NOTE PURSUANT TO REGULATION S. The
Transfer is being effected pursuant to and in accordance with Rule 903 or Rule
904 under the Securities Act and, accordingly, the Transferor hereby further
certifies that (i) the Transfer is not being made to

                                      H-1

<PAGE>

a person in the United States and (x) at the time the buy order was originated,
the Transferee was outside the United States or such Transferor and any Person
acting on its behalf reasonably believed and believes that the Transferee was
outside the United States or (y) the transaction was executed in, on or through
the facilities of a designated offshore securities market and neither such
Transferor nor any Person acting on its behalf knows that the transaction was
prearranged with a buyer in the United States, (ii) no directed selling efforts
have been made in contravention of the requirements of Rule 903(b) or Rule
904(b) of Regulation S under the Securities Act, (iii) the transaction is not
part of a plan or scheme to evade the registration requirements of the
Securities Act and (iv) the transfer is not being made to a U.S. Person or for
the account or benefit of a U.S. Person (other than an Initial Purchaser). Upon
consummation of the proposed transfer in accordance with the terms of the
Indenture, the transferred beneficial interest or Definitive Note shall be
subject to the restrictions on transfer enumerated in the Private Placement
Legend printed on the Regulation S Global Note and/or the Definitive Note and in
the Indenture and the Securities Act.

     [ ] 3. CHECK AND COMPLETE IF TRANSFEREE WILL TAKE DELIVERY OF A RESTRICTED
DEFINITIVE NOTE PURSUANT TO ANY PROVISION OF THE SECURITIES ACT OTHER THAN RULE
144A OR REGULATION S. The Transfer is being effected in compliance with the
transfer restrictions applicable to beneficial interests in Restricted Global
Securities and Restricted Definitive Securities and pursuant to and in
accordance with the Securities Act and any applicable blue sky securities laws
of any state of the United States, and accordingly the Transferor hereby further
certifies that (check one):

     [ ] (a) such Transfer is being effected pursuant to and in accordance with
Rule 144 under the Securities Act;

     [ ] (b) such Transfer is being effected to the Issuers or a subsidiary
thereof; or

     [ ] (c) such Transfer is being effected pursuant to an effective
registration statement under the Securities Act and in compliance with the
prospectus delivery requirements of the Securities Act; or

     [ ] (d) such Transfer is being effected to an Institutional Accredited
Investor and pursuant to an exemption from the registration requirements of the
Securities Act other than Rule 144A, Rule 144 or Rule 904, and the Transferor
hereby further certifies that it has not engaged in any general solicitation
within the meaning of Regulation D under the Securities Act and the Transfer
complies with the transfer restrictions applicable to Restricted Definitive
Securities and the requirements of the exemption claimed, which certification is
supported by (1) a certificate executed by the Transferee in the form of Exhibit
J to the Indenture and (2) an Opinion of Counsel provided by the Transferor or
the Transferee (a copy of which the Transferor has attached to this
certification), to the effect that such Transfer is in compliance with the
Securities Act. Upon consummation of the proposed transfer in accordance with
the terms of the Indenture, the transferred Definitive Note shall be subject to
the restrictions on transfer enumerated in the Private Placement Legend printed
on the Definitive Securities and in the Indenture and the Securities Act.

                                      H-2

<PAGE>

     [ ] 4. CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN
AN UNRESTRICTED GLOBAL NOTE OR OF AN UNRESTRICTED DEFINITIVE NOTE.

     [ ](a) CHECK IF TRANSFER IS PURSUANT TO RULE 144. (i) The Transfer is being
effected pursuant to and in accordance with Rule 144 under the Securities Act
and in compliance with the transfer restrictions contained in the Indenture and
any applicable blue sky securities laws of any state of the United States and
(ii) the restrictions on transfer contained in the Indenture and the Private
Placement Legend are not required in order to maintain compliance with the
Securities Act. Upon consummation of the proposed Transfer in accordance with
the terms of the Indenture, the transferred beneficial interest or Definitive
Note shall no longer be subject to the restrictions on transfer enumerated in
the Private Placement Legend printed on the Restricted Global Securities, on
Restricted Definitive Securities and in the Indenture.

     [ ](b) CHECK IF TRANSFER IS PURSUANT TO REGULATION S. (i) The Transfer is
being effected pursuant to and in accordance with Rule 903 or Rule 904 under the
Securities Act and in compliance with the transfer restrictions contained in the
Indenture and any applicable blue sky securities laws of any state of the United
States and, in the case of a transfer from a Restricted Global Note or a
Restricted Definitive Note, the Transferor hereby further certifies that (a) the
Transfer is not being made to a person in the United States and (x) at the time
the buy order was originated, the Transferee was outside the United States or
such Transferor and any Person acting on its behalf reasonably believed and
believes that the Transferee was outside the United States or (y) the
transaction was executed in, on or through the facilities of a designated
offshore securities market and neither such Transferor nor any Person acting on
its behalf knows that the transaction was prearranged with a buyer in the United
States, (b) no directed selling efforts have been made in contravention of the
requirements of Rule 903(b) or Rule 904(b) of Regulation S under the Securities
Act, (c) the transaction is not part of a plan or scheme to evade the
registration requirements of the Securities Act and (d) the transfer is not
being made to a U.S. Person or for the account or benefit of a U.S. Person, and
(ii) the restrictions on transfer contained in the Indenture and the Private
Placement Legend are not required in order to maintain compliance with the
Securities Act. Upon consummation of the proposed Transfer in accordance with
the terms of the Indenture, the transferred beneficial interest or Definitive
Note shall no longer be subject to the restrictions on transfer enumerated in
the Private Placement Legend printed on the Restricted Global Securities, on
Restricted Definitive Securities and in the Indenture.

     [ ] (c) CHECK IF TRANSFER IS PURSUANT TO OTHER EXEMPTION. (i) The Transfer
is being effected pursuant to and in compliance with an exemption from the
registration requirements of the Securities Act other than Rule 144, Rule 903 or
Rule 904 and in compliance with the transfer restrictions contained in the
Indenture and any applicable blue sky securities laws of any State of the United
States and (ii) the restrictions on transfer contained in the Indenture and the
Private Placement Legend are not required in order to maintain compliance with
the Securities Act. Upon consummation of the proposed Transfer in accordance
with the terms of the Indenture, the transferred beneficial interest or
Definitive Note shall not be subject to the restrictions on transfer enumerated
in the Private Placement Legend printed on the Restricted Global Securities or
Restricted Definitive Securities and in the Indenture.

                                      H-3

<PAGE>

     This certificate and the statements contained herein are made for your
benefit and the benefit of the Issuers.

                                        Dated:
                                               ---------------------------------

                                        ----------------------------------------
                                        [Insert Name of Transferor]

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                      H-4

<PAGE>

                       ANNEX A TO CERTIFICATE OF TRANSFER

1.   The Transferor owns and proposes to transfer the following:

                            [CHECK ONE OF (A) OR (B)]

     [ ]  (a) a beneficial interest in the:

          (i)  144A Global Note (CUSIP __________); or

          (ii) Regulation S Global Note (CUSIP __________); or

     [ ]  (b) a Restricted Definitive Note.

2.   After the Transfer the Transferee shall hold:

                                   [CHECK ONE]

     [ ]  (a) a beneficial interest in the:

          (i)  144A Global Note (CUSIP __________); or

          (ii) Regulation S Global Note (CUSIP __________); or

          (iii) Unrestricted Global Note (CUSIP __________); or

     [ ]  (b) a Restricted Definitive Note; or

     [ ]  (c) an Unrestricted Definitive Note,

     in accordance with the terms of the Indenture.

                                      H-5

<PAGE>

                                                                       EXHIBIT I

                         FORM OF CERTIFICATE OF EXCHANGE

The Bank of New York Trust Company, N.A.
700 South Flower Street, Suite 500
Los Angeles, CA 90017
Attention: Corporate Unit
Telecopier No.: (213) 630-6298

Re: 9 1/2% Senior Secured Notes due 2010

     Reference is hereby made to the Indenture dated as of October 7, 2003, as
amended (as amended, supplemented, waived or otherwise modified, the
"Indenture") among The Majestic Star Casino, LLC (the "Company") and The
Majestic Star Casino Capital Corp. ("Capital", and together with the Company,
the "Issuers"), the Subsidiary Guarantors named therein and The Bank of New York
Trust Company, N.A. as successor to The Bank of New York, as trustee (the
"Trustee"). Capitalized terms used but not defined herein shall have the
meanings given to them in the Indenture.

     __________________________ (the "Owner") owns and proposes to exchange the
Note[s] or interest in such Note[s] specified herein, in the principal amount at
maturity of $____________ in such Note[s] or interests (the "Exchange"). In
connection with the Exchange, the Owner hereby certifies that:

     1. EXCHANGE OF RESTRICTED DEFINITIVE SECURITIES OR BENEFICIAL INTERESTS IN
A RESTRICTED GLOBAL NOTE FOR UNRESTRICTED DEFINITIVE SECURITIES OR BENEFICIAL
INTERESTS IN AN UNRESTRICTED GLOBAL NOTE

     [ ] (a) CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED
GLOBAL NOTE TO BENEFICIAL INTEREST IN AN UNRESTRICTED GLOBAL NOTE. In connection
with the Exchange of the Owner's beneficial interest in a Restricted Global Note
for a beneficial interest in an Unrestricted Global Note in an equal principal
amount at maturity, the Owner hereby certifies (i) the beneficial interest is
being acquired for the Owner's own account without transfer, (ii) such Exchange
has been effected in compliance with the transfer restrictions applicable to the
Global Securities and pursuant to and in accordance with the United States
Securities Act of 1933, as amended (the "Securities Act"), (iii) the
restrictions on transfer contained in the Indenture and the Private Placement
Legend are not required in order to maintain compliance with the Securities Act
and (iv) the beneficial interest in an Unrestricted Global Note is being
acquired in compliance with any applicable blue sky securities laws of any state
of the United States.

     [ ] (b) CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED
GLOBAL NOTE TO UNRESTRICTED DEFINITIVE NOTE. In connection with the Exchange of
the Owner's beneficial interest in a Restricted Global Note for an Unrestricted
Definitive Note, the Owner hereby certifies (i) the Definitive Note is being
acquired for the Owner's own account without transfer, (ii) such Exchange has
been effected in compliance with the transfer restrictions applicable to the
Restricted Global Securities and pursuant to and in accordance with the

<PAGE>

Securities Act, (iii) the restrictions on transfer contained in the Indenture
and the Private Placement Legend are not required in order to maintain
compliance with the Securities Act and (iv) the Definitive Note is being
acquired in compliance with any applicable blue sky securities laws of any state
of the United States.

     [ ] (c) CHECK IF EXCHANGE IS FROM RESTRICTED DEFINITIVE NOTE TO BENEFICIAL
INTEREST IN AN UNRESTRICTED GLOBAL NOTE. In connection with the Owner's Exchange
of a Restricted Definitive Note for a beneficial interest in an Unrestricted
Global Note, the Owner hereby certifies (i) the beneficial interest is being
acquired for the Owner's own account without transfer, (ii) such Exchange has
been effected in compliance with the transfer restrictions applicable to
Restricted Definitive Securities and pursuant to and in accordance with the
Securities Act, (iii) the restrictions on transfer contained in the Indenture
and the Private Placement Legend are not required in order to maintain
compliance with the Securities Act and (iv) the beneficial interest is being
acquired in compliance with any applicable blue sky securities laws of any state
of the United States.

     [ ] (d) CHECK IF EXCHANGE IS FROM RESTRICTED DEFINITIVE NOTE TO
UNRESTRICTED DEFINITIVE NOTE. In connection with the Owner's Exchange of a
Restricted Definitive Note for an Unrestricted Definitive Note, the Owner hereby
certifies (i) the Unrestricted Definitive Note is being acquired for the Owner's
own account without transfer, (ii) such Exchange has been effected in compliance
with the transfer restrictions applicable to Restricted Definitive Securities
and pursuant to and in accordance with the Securities Act, (iii) the
restrictions on transfer contained in the Indenture and the Private Placement
Legend are not required in order to maintain compliance with the Securities Act
and (iv) the Unrestricted Definitive Note is being acquired in compliance with
any applicable blue sky securities laws of any state of the United States.

     2. EXCHANGE OF RESTRICTED DEFINITIVE SECURITIES OR BENEFICIAL INTERESTS IN
RESTRICTED GLOBAL SECURITIES FOR RESTRICTED DEFINITIVE SECURITIES OR BENEFICIAL
INTERESTS IN RESTRICTED GLOBAL SECURITIES

     [ ] (a) CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED
GLOBAL NOTE TO RESTRICTED DEFINITIVE NOTE. In connection with the Exchange of
the Owner's beneficial interest in a Restricted Global Note for a Restricted
Definitive Note with an equal principal amount at maturity, the Owner hereby
certifies that the Restricted Definitive Note is being acquired for the Owner's
own account without transfer. Upon consummation of the proposed Exchange in
accordance with the terms of the Indenture, the Restricted Definitive Note
issued shall continue to be subject to the restrictions on transfer enumerated
in the Private Placement Legend printed on the Restricted Definitive Note and in
the Indenture and the Securities Act.

     [ ] (b) CHECK IF EXCHANGE IS FROM RESTRICTED DEFINITIVE NOTE TO BENEFICIAL
INTEREST IN A RESTRICTED GLOBAL NOTE. In connection with the Exchange of the
Owner's Restricted Definitive Note for a beneficial interest in the [CHECK ONE]:

     [ ] 144A Global Note;

                                      I-2

<PAGE>

     [ ] Regulation S Global Note;

with an equal principal amount at maturity, the Owner hereby certifies (i) the
beneficial interest is being acquired for the Owner's own account without
transfer and (ii) such Exchange has been effected in compliance with the
transfer restrictions applicable to the Restricted Global Securities and
pursuant to and in accordance with the Securities Act, and in compliance with
any applicable blue sky securities laws of any state of the United States. Upon
consummation of the proposed Exchange in accordance with the terms of the
Indenture, the beneficial interest issued shall be subject to the restrictions
on transfer enumerated in the Private Placement Legend printed on the relevant
Restricted Global Note and in the Indenture and the Securities Act.

     This certificate and the statements contained herein are made for your
benefit and the benefit of the Issuers.

                                        Dated:
                                               ---------------------------------

                                        ----------------------------------------
                                        [Insert Name of Transferor]

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                      I-3

<PAGE>

                                                                       EXHIBIT J

                            FORM OF CERTIFICATE FROM
                   ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR

     In connection with our proposed purchase of $____________ aggregate
principal amount of:

     (a) [ ] beneficial interest in a Global Note, or

     (b) [ ] a Definitive Note,

     we confirm that:

     We understand that any subsequent transfer of the Securities or any
interest therein is subject to certain restrictions and conditions set forth in
the Indenture and the undersigned agrees to be bound by, and not to resell,
pledge or otherwise transfer the Securities or any interest therein except in
compliance with, such restrictions and conditions and the Securities Act of
1933, as amended (the "Securities Act").

     We understand that the offer and sale of the Securities have not been
registered under the Securities Act, and that the Securities and any interest
therein may not be offered or sold except as permitted in the following
sentence. We agree, on our own behalf and on behalf of any accounts for which we
are acting as hereinafter stated, that if we should sell the Securities or any
interest therein, we shall do so only (A) to the Issuers or any subsidiary
thereof, (B) in accordance with Rule 144A under the Securities Act to a
"qualified institutional buyer" (as defined therein), (C) to an institutional
"accredited investor" (as defined below) that, prior to such transfer, furnishes
(or has furnished on its behalf by a U.S. broker-dealer) to you and to the
Issuers a signed letter substantially in the form of this letter and an Opinion
of Counsel in form reasonably acceptable to the Issuers to the effect that such
transfer is in compliance with the Securities Act, (D) outside the United States
in accordance with Rule 904 of Regulation S under the Securities Act, (E)
pursuant to the provisions of Rule 144(k) under the Securities Act or (F)
pursuant to an effective registration statement under the Securities Act, and we
further agree to provide to any person purchasing the Definitive Note or
beneficial interest in a Global Note from us in a transaction meeting the
requirements of clauses (A) through (E) of this paragraph a notice advising such
purchaser that resales thereof are restricted as stated herein.

     We understand that, on any proposed resale of the Securities or beneficial
interest therein, we shall be required to furnish to you and the Issuers such
certifications, legal opinions and other information as you and the Issuers may
reasonably require to confirm that the proposed sale complies with the foregoing
restrictions. We further understand that the Securities purchased by us shall
bear a legend to the foregoing effect.

     We are an institutional "accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act) and have
such knowledge and experience in financial and business matters as to be capable
of evaluating the merits and risks of our investment in the

<PAGE>

Securities, and we and any accounts for which we are acting are each able to
bear the economic risk of our or its investment.

     We are acquiring the Securities or beneficial interest therein purchased by
us for our own account or for one or more accounts (each of which is an
institutional "accredited investor") as to each of which we exercise sole
investment discretion.

     The Trustee and the Issuers are entitled to rely upon this letter and are
irrevocably authorized to produce this letter or a copy hereof to any interested
party in any administrative or legal proceedings or official inquiry with
respect to the matters covered hereby.

Dated:
       ------------------------------   ----------------------------------------
                                        [Insert Name of Accredited Investor]

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                      I-2

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