Document:

2007 Management Incentive Plan

    
      
        

          	I.  	
                  Purpose

                

          

          The
            2007
            MIP is designed to provide an incentive for key members of the Matria
            (Matria or
            Company) management team to exceed the 2007 Business Plan and reward
            those
            management team members with deserving performance by sharing a portion
            of the
            profits.

          

           

          The
            goals of the 2007 MIP are:

           

          	1.  	
                  To
                    increase shareholder value.

                

           

          	2.  	
                  To
                    achieve and exceed the 2007 Business Plan for Consolidated Matria
                    and each
                    Business Unit and Subsidiary of the
                    Company.

                

           

          	3.  	
                  To
                    reward key individuals for demonstrated
                    performance.

                

           

          	4.  	
                  To
                    enhance Matria’s ability to attract and retain a highly motivated,
                    superior management team.

                

           

          

          	II.  	
                  Program
                    Period

                

          

          This
            program is in effect from January 1, 2007 through December 31, 2007.
            The program
            is subject to adjustment by the MIP Compensation Committee at any time
            during or
            after the program period. In the event of a program adjustment, an addendum
            will
            be published to inform eligible participants.

          

          	III.  	
                  Participation
                    and Eligibility

                

          

          Participation
            and eligibility are determined by the MIP Compensation Committee at its
            sole
            discretion. No individual is automatically included in the Matria 2007
            MIP. Only
            those individuals approved by the Compensation Committee and confirmed
            in
            writing are eligible. Verbal comments or promises to any employee or
            past
            practices are not binding on Matria or any of its subsidiaries in any
            manner.
            Employees in a status other than full-time regular are not eligible for
            participation in the Matria 2007 MIP.

          

          

          

          

          

          

          III. Participation
            and Eligibility (cont’d)

          

          Terminated
            Employees:
            If a
            participant terminates from the Company, the following guidelines will
            be used
            for all voluntary or involuntary terminations as well as terminations
            due to a
            Reduction in Force:

          

          Incentives
            are only earned by employees in good standing on the date payment is
            made.
            Participants terminating employment prior to the date of payment are
            not
            eligible for any incentive payment.

          

          First
            Time Participants:
            New
            management employees hired or promoted into an eligible position will
            be able to
            begin participating in the MIP on the first day of the first full month
            in the
            eligible position. The Base Bonus will be prorated based on the number
            of months
            employed in the eligible position. No
            incentives will be earned or paid for new hires beginning employment
            after
            September 30, 2007.

          

          Existing
            Participants:
            Participants who transfer during the period January 1, 2007 through December
            31,
            2007 from one MIP eligible position to another MIP eligible position,
            having
            either a higher or lower Base Bonus or a different financial performance
            target,
            will begin participating at the new MIP level and/or financial target
            on the
            first day of the first full month in the new position. The participant’s Base
            Bonus will be prorated for the months employed in each eligible
            position.

          

          Leave
            of Absence:
            Participants who have been on an approved leave of absence for medical
            or other
            reasons for greater than 60 cumulative days during the year will receive
            a
            prorated portion of their earned Base Bonus. The earned Base Bonus for
            participants on approved leaves of absence of less than 60 cumulative
            days will
            not be prorated based on the period of approved leave. Participants who
            have
            been on an approved leave of absence for medical or other reasons for
            greater
            than 180 cumulative days during the year will not be eligible to earn
            any amount
            of MIP for the year.

          

          	IV.  	
                  Administration

                

          

          The
            MIP
            Compensation Committee will be responsible for the methods of calculation
            and
            administration of the Plan. The Committee will be comprised of the Chairman
            & CEO; President & Chief Operating Officer; Sr. Vice President &
CFO; and Sr. Vice President & Chief Administrative Officer.

          

          The
            MIP
            Compensation Committee may change the plan from time to time in any respect.
            All
            decisions made by the MIP Compensation Committee relative to the plan
            are final
            and binding. The determination of compliance with the individual objectives
            established under the plan for an employee shall be made by the MIP Compensation
            Committee in its sole discretion.

          

          	V.  	
                  Incentive
                    Determination and Payment

                

          

          The
            2007
            MIP provides for the determination of a Base Bonus expressed as a percentage
            of
            the participant’s annual salary in effect at the end of the program period or
            the end of each respective period when a participant transfers from one
            MIP
            eligible position to another.

          

          Participants
            approved for MIP participation as of January 1, 2007 are eligible for
            a full
            year’s participation not subject to proration. All incentives earned under
            the
            MIP will be measured and paid annually.

           

          

           

          

           

          

          	VI.  	
                  Method
                    of Calculation

                

          

          Each
            participant’s incentive will be calculated based on the achievement of a
            financial target and individual objectives. The stated financial target
            will be
            Consolidated Matria Operating Earnings from Continuing Operations (“Matria
            Earnings”). The individual objectives will be comprised of one or more key
            operational measures and/or major milestone outcomes that are specific
            to the
            participant’s position and directly influenced by the participant’s performance.
            Individual objectives must be approved by Senior Management. A percentage
            of the
            participant’s full Base Bonus will be allocated to the Matria Earnings component
            and a percentage allocated to the individual objectives component.

          

          MATRIA
            EARNINGS COMPONENT

          

          To
            be
            eligible for the Matria Earnings Component of the MIP, the Company must
            achieve
            its 2007 client retention goal as measured by the dollar amount of client
            attrition (“Matria Retention Goal”). For purposes of the 2007 MIP, the Matria
            Retention Goal is defined as client attrition, net of upsells, for 2007
            shall
            not exceed $[XXX].
            For
            purposes of calculating client attrition, it shall be defined as pertaining
            to
            the Company’s Health Enhancement services and shall be measured as the 2007
            revenues lost from contracts for which notice of termination is received
            in
            2007, measured by the run rate of monthly revenues at the point of termination.
            Upsells of any disease management, wellness or MaternaLink revenues shall
            be
            credited against the attrition. If the Matria Retention Goal is not achieved,
            no
            amounts can be earned for the Matria Earnings Component of the MIP.

          

          If
            Matria
            Earnings is 100% to Plan and the Matria Retention Goal is achieved, the
            Company
            will begin to fund a pool (Bonus Pool) to pay the Base Bonus of each
            eligible
            Corporate participant. For Matria Earnings performance in excess of 100%
            to
            Plan, the Company will fund the Bonus Pool at the rate of dollar for
            dollar for
            each dollar of Matria Earnings in excess of 100% to Plan until the Base
            Bonus of
            each eligible Corporate participant is fully funded. For Matria Earnings
            performance below 100% to Plan, no incentive for this component of the
            MIP is
            earned. 

          

          If
            the
            Matria Earnings target continues to be exceeded after the funding of
            all earned
            Corporate and Business Unit MIP Base Bonuses, the Corporate participant
            may earn
            an Excess Bonus. An Excess Bonus Pool will be funded as a percentage
            of each
            dollar of available Matria Earnings that remains following the funding
            of all
            earned Corporate and Business Unit Base Bonuses. This funding percentage
            will be
            determined and authorized by the MIP Compensation Committee. This Excess
            Bonus
            Pool will continue to be funded at this percentage from available excess
            Matria
            Earnings until the maximum MIP amount is earned by each eligible participant
            in
            the pool. The maximum MIP amount is equal to two (2) times the participant’s
            Base Bonus.

          

          INDIVIDUAL
            OBJECTIVES COMPONENT

          

          A
            minimum
            of 85% of the Matria Earnings target must be achieved before any incentive
            can
            be earned for individual objectives performance. If 85% of the Matria
            Earnings
            target is not achieved, no amounts can be earned for this component of
            the MIP.
            If 85% of the Matria Earnings target is achieved, the Matria Earnings
            component
            and the individual objectives component of the MIP will operate independent
            of
            the other, and if the Base Bonus is not earned in the Matria Earnings
            component,
            the participant is still eligible to earn the Base Bonus allocated to
            the
            individual objectives component.

          

          

          

          If
            a
            minimum of 85% of the Matria Earnings target is achieved and all of the
            individual objectives are achieved, the Corporate participant may earn
            the Base
            Bonus amount allocated to the individual objectives component of the
            MIP. If
            some, but not all, of the individual objectives are attained, a partial
            amount
            of the Base Bonus allocated to the individual objectives component may
            be earned
            on a proportionate basis. For example, if two of three individual objectives
            were achieved, the participant may earn 2/3 of the Base Bonus amount
            allocated
            to individual objectives. If no individual objectives are attained, no
            incentive
            is earned for this component of the MIP.

          

          	VII.  	
                  Miscellaneous

                

          

          Nothing
            in the MIP shall be deemed to constitute a contract for the continuance
            of
            employment of the participants or bring about a change of status of employment.
            Neither the action of the Company in establishing this program, nor any
            provisions hereof, nor any action taken by the Company shall be construed
            as
            giving any employee the right to be retained in the employ of the Company
            for
            any period of time, or to be employed in any particular position, or
            at any
            particular rate of remuneration.

          

          Further,
            nothing contained herein shall in any manner inhibit the day-to-day conduct
            of
            the business of the Company and its subsidiaries, which shall remain
            within the
            sole discretion of management of the Company; nor shall any requirements
            imposed
            by management or resulting from the conduct of the business of the Company
            constitute an excuse for, or waiver from, compliance with any goal established
            under this plan.

          

          No
            persons shall have any right, vested or contingent, or any claim whatsoever,
            to
            be granted any award or receive any payment hereunder, except payments
            of awards
            determined and payable in accordance with the specific provisions hereof
            or
            pursuant to a specific and properly approved agreement regarding the
            granting or
            payment of an award to a designated individual.

          

          Neither
            this program, nor any payments pursuant to this program, shall affect,
            or have
            any application to, any of the Company’s life insurance, disability insurance,
            sick leave, vacation, medical or other related benefit plans, whether
            contributory or non-contributory on the part of the employee except as
            may be
            specifically provided by the terms of the benefit plan.

          

          All
            payments pursuant to this program are in gross amounts less applicable
            withholdings.

          

          Matria
            reserves the right to apply a participant’s incentive payment against any
            outstanding obligations owing to the Company.

           

          
            	 	
                    [XXXX]

                  	
                    Represents
                      material deleted per Matria’s request for Confidential Treatment and filed
                      separately with the Securities and Exchange Commission pursuant
                      to Rule
                      24b-2 under the Securities Exchange Act of 1934, as
                      amended.Exhibit 10.1

     

    Exhibit
      10.1

    AMENDMENT
      NUMBER SEVEN TO LOAN AND SECURITY AGREEMENT

     

    THIS
      AMENDMENT NUMBER SEVEN TO LOAN AND SECURITY AGREEMENT (this
      “Amendment”),
      dated
      as of March 15, 2007, is entered into by and among THE
      MAJESTIC STAR CASINO, LLC,
      an
      Indiana limited liability company (“Parent”),
      each
      of Parent’s Subsidiaries identified on the signature pages hereof (such
      Subsidiaries, together with Parent, are referred to hereinafter each
      individually as a “Borrower”,
      and
      individually and collectively, jointly and severally, as the “Borrowers”),
      each
      of the lenders that is a signatory to this Amendment, and WELLS
      FARGO FOOTHILL, INC.,
      a
      California corporation, as the arranger and administrative agent for the Lenders
      (in such capacity, together with its successors, if any, in such capacity,
      “Agent”;
      and
      together with each of the Lenders, individually and collectively, the
“Lender
      Group”),
      in
      light of the following:

     

    W
      I T N E S S E T H

     

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

     

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

     

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

     

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

     

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

     

    2.  AMENDMENTS
      TO LOAN AGREEMENT.
      

     

    (a)  Section
      1.1
      of the
      Loan Agreement is hereby amended by inserting the following new definitions
      in
      proper alphabetical order:

     

    “Seventh
      Amendment”
means
      that certain Amendment Number Seven to Loan and Security Agreement dated as
      of
      March 15, 2007, by and among the Borrowers and the Lender Group.

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    “Seventh
      Amendment Fee”
has
      the
      meaning set forth in Section
      2.11(f).

     

    (b)  Section
      2.11
      of the
      Loan Agreement is hereby amended (i) by deleting the phrase “(except in the case
      of the fee described in clauses
      (d)
      and
(e)
      of this
Section
      2.11,
      which
      fee shall be distributed ratably among the Lenders as set forth in such
clauses
      (d)
      and
(e)
      hereof)”
immediately following the words “(irrespective of whether this Agreement is
      terminated thereafter) and shall” appearing in the first sentence therein and
      replacing it with the phrase “(except in the case of the fees described in
clauses
      (d),
      (e),
      and
(f)
      of this
Section
      2.11,
      which
      fees shall be distributed ratably among the Lenders as set forth in such
clauses
      (d),
      (e),
      and
(f)
      hereof)”, (ii) by deleting the word “and” at the end of clause
      (d),
      (iii)
      by deleting the period at the end of clause
      (e)
      and
      replacing it with “, and”, and (iv) by adding the following new clause
      (f):

     

    “(f) Seventh
      Amendment Fee. An
      amendment fee in the amount of $50,000 (the “Seventh
      Amendment Fee”),
      which
      amendment fee shall be fully earned on March 15, 2007, shall be distributed
      ratably among the Lenders in accordance with their respective Pro Rata Shares,
      and shall be charged to Borrowers’ Loan Account on such date.”

     

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

     

    
      	
               

              “Applicable
                Amount

               

            	
               

              Applicable
                Period

               

            
	
               

              $60,000,000

               

            	
               

              For
                the 12 month period 

              ending
                March 31, 2006

               

            
	
               

              $65,000,000

               

            	
               

              For
                the 12 month period 

              ending
                June 30, 2006

               

            
	
               

              $70,000,000

               

            	
               

              For
                the 12 month period 

              ending
                September 30, 2006

               

            
	
               

              $75,000,000

               

            	
               

              For
                the 12 month period 

              ending
                December 31, 2006

               

            
	
               

              $65,000,000

               

            	
               

              For
                the 12 month period 

              ending
                March 31, 2007

               

            
	
               

              $65,000,000

               

            	
               

              For
                the 12 month period 

              ending
                June 30, 2007

               

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
      	
               

              $65,000,000

               

            	
               

              For
                the 12 month period 

              ending
                September 30, 2007

               

            
	
               

              $70,000,000

               

            	
               

              For
                the 12 month period

              ending
                December 31, 2007

               

            
	
               

              $70,000,000

               

            	
               

              For
                the 12 month period 

              ending
                March 31, 2008

               

            
	
               

              $70,000,000

               

            	
               

              For
                the 12 month period 

              ending
                June 30, 2008

               

            
	
               

              $72,000,000

               

            	
               

              For
                the 12 month period 

              ending
                September 30, 2008

               

            
	
               

              $74,000,000

               

            	
               

              For
                the 12 month period 

              ending
                December 31, 2008

               

            
	
               

              $85,000,000

            	
               

              For
                the 12 month period

              ending
                March 31, 2009

               

            
	
               

              $85,000,000

            	
               

              For
                the 12 month period 

              ending
                June 30, 2009

               

            
	
               

              $85,000,000

            	
               

              For
                the 12 month period 

              ending
                September 30, 2009

               

            
	
               

              $85,000,000

               

            	
               

              For
                the 12 month period 

              ending
                December 31, 2009

               

            
	
               

              $90,000,000

               

            	
               

              For
                the 12 month period 

              ending
                March 31, 2010 and for the 12 month period ending on the last day
                of each
                month thereafter”

               

            

    

    

     

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

     

    
      	
               

              “Applicable
                Ratio

               

            	
               

              Applicable
                Period

               

            
	
               

              1.80:1.0

               

            	
               

              For
                the 12 month period

              ending
                March 31, 2006 

               

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
      	
               

              1.50:1.0

               

            	
               

              For
                the 12 month period 

              ending
                June 30, 2006

               

            
	
               

              1.50:1.0

            	
               

              For
                the 12 month period 

              ending
                September 30, 2006

               

            
	
               

              1.50:1.0

               

            	
               

              For
                the 12 month period

              ending
                December 31, 2006

               

            
	
               

              1.20:1.0

               

            	
               

              For
                the 12 month period 

              ending
                March 31, 2007

               

            
	
               

              1.20:1.0

            	
               

              For
                the 12 month period 

              ending
                June 30, 2007

               

            
	
               

              1.20:1.0

            	
               

              For
                the 12 month period 

              ending
                September 30, 2007

               

            
	
               

              1.20:1.0

            	
               

              For
                the 12 month period 

              ending
                December 31, 2007

               

            
	
               

              1.20:1.0

            	
               

              For
                the 12 month period 

              ending
                March 31, 2008

               

            
	
               

              1.20:1.0

            	
               

              For
                the 12 month period 

              ending
                June 30, 2008

               

            
	
               

              1.25:1.0

            	
               

              For
                the 12 month period 

              ending
                September 30, 2008

               

            
	
               

              1.25:1.0

               

            	
               

              For
                the 12 month period 

              ending
                December 31, 2008

               

            
	
               

              1.70:1.0

               

            	
               

              For
                the 12 month period 

              ending
                March 31, 2009

               

            
	
               

              1.70:1.0

               

            	
               

              For
                the 12 month period 

              ending
                June 30, 2009

               

            
	
               

              1.70:1.0

               

            	
               

              For
                the 12 month period 

              ending
                September 30, 2009

               

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
      	
               

              1.70:1.0

               

            	
               

              For
                the 12 month period 

              ending
                December 31, 2009

               

            
	
               

              1.80:1.0

               

            	
               

              For
                the 12 month period 

              ending
                March 31, 2010 and for the 12 month period ending on the last day
                of each
                fiscal quarter of Borrowers thereafter”

               

            

    

    

    
       

    

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

     

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

     

    (b)  Agent
      shall have received an amendment fee of $50,000, which amendment fee shall
      be
      fully earned on the date hereof, shall be due and payable in full in cash on
      the
      date hereof, and shall be non-refundable when paid;

     

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

     

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

     

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

     

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

     

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

     

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

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

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

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

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

     

    8.  MISCELLANEOUS.

     

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

     

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

     

    

     

    [signature
      page follows]

     

    

     

    

     

     

     

    
      
        
           

           

        

        
        

      

      
        7

        
          

        

      

      
        
        

        
          

        

      

    

     

     

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

     

    THE
      MAJESTIC STAR CASINO, LLC

    an
      Indiana limited liability company

     

    By:
      /s/ Jon S. Bennett

    Name:
      Jon
      S. Bennett

    Title:
      Vice President and Chief Financial Officer

     

    THE
      MAJESTIC STAR CASINO II, INC., 

    an
      Indiana corporation

    

    By:
      /s/ Jon S. Bennett

    Name:
      Jon
      S. Bennett

    Title:
      Vice President and Chief Financial Officer

     

    BARDEN
      MISSISSIPPI GAMING, LLC

    a
      Mississippi limited liability company

     

    By:
      /s/ Jon S. Bennett

    Name:
      Jon
      S. Bennett

    Title:
      Vice President and Chief Financial Officer

     

    BARDEN
      COLORADO GAMING, LLC

    a
      Colorado limited liability company

     

    By:
      /s/ Jon S. Bennett

    Name:
      Jon
      S. Bennett

    Title:
      Vice President and Chief Financial Officer

     

    
      
        [SIGNATURE
          PAGE TO AMENDMENT NUMBER SEVEN TO LOAN AND SECURITY AGREEMENT]

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    WELLS
      FARGO FOOTHILL, INC.,

    as
      Agent
      and as a Lender

     

    By:
      /s/ Peter G. Schuebler

    Name:
      Peter G.
      Schuebler                                    

    Title:
      Vice President

     

    GENERAL
      ELECTRIC CAPITAL CORPORATION,

    as
      a
      Lender

     

    By:
      /s/ Bond Harberts 

    Name:
      Bond
      Harberts                                          

    Title:
      Vice President

    
ALLIED
      IRISH BANK,

    as
      a
      Lender

     

    By:
      /s/ Joanna P. McFadden 

    Name:
      Joanna P.
      McFadden                              

    Title:
      Assistant Vice President 

    
      
        
          [SIGNATURE
            PAGE TO AMENDMENT NUMBER SEVEN TO LOAN AND SECURITY
            AGREEMENT]

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          

        

      

    

    

     

    Exhibit
      A

     

    REAFFIRMATION
      AND CONSENT

     

    All
      capitalized terms used herein but not otherwise defined herein shall have the
      meanings ascribed to them in that certain Loan and Security Agreement by and
      among THE
      MAJESTIC STAR CASINO, LLC,
      an
      Indiana limited liability company (“MSC”), and each of MSC’s Subsidiaries
      identified on the signature pages thereof (such Subsidiaries, together with
      MSC,
      are referred to hereinafter each individually as a “Borrower”, and individually
      and collectively, jointly and severally, as the “Borrowers”), each of the
      lenders that is from time to time a party thereto (together with their
      respective successors and permitted assigns, individually, “Lender” and,
      collectively, “Lenders”), and WELLS
      FARGO FOOTHILL, INC.,
      a
      California corporation, as the arranger and administrative agent for the Lenders
      (in such capacity, together with its successors, if any, in such capacity,
      “Agent”; and together with each of the Lenders, individually and collectively
      the “Lender Group”), dated as of October 7, 2003 (as amended, restated,
      supplemented or otherwise modified, the “Loan Agreement”), or in Amendment
      Number Seven to Loan and Security Agreement, dated as of March 15, 2007 (the
      “Amendment”), among the Borrowers and the Lender Group. The undersigned each
      hereby (a) represent and warrant to the Lender Group that the execution,
      delivery, and performance of this Reaffirmation and Consent are within its
      powers, have been duly authorized by all necessary action, and are not in
      contravention of any law, rule, or regulation, or any order, judgment, decree,
      writ, injunction, or award of any arbitrator, court, or governmental authority,
      or of the terms of its charter or bylaws, or of any contract or undertaking
      to
      which it is a party or by which any of its properties may be bound or affected;
      (b) consents to the amendment of the Loan Agreement by the Amendment; (c)
      acknowledges and reaffirms its obligations owing to the Lender Group under
      any
      Loan Documents to which it is a party; and (d) agrees that each of the Loan
      Documents to which it is a party is and shall remain in full force and effect.
      Although the undersigned has been informed of the matters set forth herein
      and
      has acknowledged and agreed to same, it understands that the Lender Group has
      no
      obligations to inform it of such matters in the future or to seek its
      acknowledgment or agreement to future amendments, and nothing herein shall
      create such a duty. Delivery of an executed counterpart of this Reaffirmation
      and Consent by telefacsimile or electronic mail shall be equally as effective
      as
      delivery of an original executed counterpart of this Reaffirmation and Consent.
      Any party delivering an executed counterpart of this Reaffirmation and Consent
      by telefacsimile or electronic mail also shall deliver an original executed
      counterpart of this Reaffirmation and Consent but the failure to deliver an
      original executed counterpart shall not affect the validity, enforceability,
      and
      binding effect of this Reaffirmation and Consent. This Reaffirmation and Consent
      shall be governed by the laws of the State of California.

     

    [signature
      page follows]

    
      
        
           

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          

        

      

    

    

     

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

     

    MAJESTIC
      HOLDCO, LLC,
      

    an
      Indiana limited liability company

     

    By:
      /s/ Jon S. Bennett

    Name:
      Jon
      S. Bennett

    Title:
      Vice President and Chief Financial Officer

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