Document:

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                           FIRST AMENDED AND RESTATED
                   NON-GAMING LAND ACQUISITION LINE OF CREDIT

         THIS FIRST AMENDED AND RESTATED NON-GAMING LAND ACQUISITION LINE OF
CREDIT AGREEMENT is dated as of the 16th day of October, 2000, by and between
THE POKAGON BAND OF THE POTAWATOMI INDIANS (the "Band") and GREAT LAKES OF
MICHIGAN, LLC, a Minnesota limited liability company ("Lakes"):

         In consideration of the mutual covenants and promises hereinafter set
forth, and in accordance with the terms of a certain Development Agreement by
and between the Band and Lakes Gaming, Inc. dated as of July 8, 1999, as
assigned by Lakes Gaming, Inc. to and assumed by Lakes pursuant to that certain
Assignment and Assumption Agreement of even date herewith by and among the Band,
Lakes Gaming, Inc. and Lakes (the "Assignment Agreement"), as amended by First
Amendment of near or even date, the Band and Lakes agree as follows:

          1. Establishment of Credit. Subject to the terms of this Agreement and
the Development Agreement, Lakes agrees to make advances to the Band in an
amount not to exceed Fifteen Million Dollars ($15,000,000).

          2. Draw Requests; Funding. All draws under this Line of Credit shall
be made upon written request by the Band to Lakes in the form of Draw Request
attached as Exhibit A. All Draw Requests shall be sent in accordance with ss.
15.4 of the Development Agreement and may, at Lakes' option, be funded through
transfer of funds in the Escrow Account; provided that interest shall only
accrue under this Line of Credit on funds advanced through the Escrow Account
after disbursement from the Escrow Account, and shall not begin to accrue on
deposit by Lakes into the Escrow Account. All Draw Requests shall be funded
within ten (10) days of the date of the draw request through wire transfer to an
account directed by the Band, or as otherwise specified by the Band.

          3. Use of Advances. Advances hereunder shall be used by the Band to
option or acquire Non-Gaming Lands, and to pay all related option fees, purchase
prices, fees, real estate commissions, transfer taxes, costs and expenses.

          4. Expiration. The commitment of Lakes to make advances hereunder
shall expire on the Commencement Date; except that Lakes' obligation to fund any
portion of the Second Tranche - Non-Gaming shall terminate on the earlier of (a)
the Bank Closing, if the Bank Development Loan has been increased from
$28,000,000

<PAGE>   2

to $36,000,000 plus accrued interest on amounts advanced on the Second Tranche -
Lakes Note and Second Tranche - Non-Gaming, and such increment is available
first to fund any undisbursed amounts of the Second Tranche - Lakes Note and the
Second Tranche - Non-Gaming, and second to repay Lakes amounts advanced by Lakes
under such Second Tranches; or (b) the Commencement Date.

          5. Interest Rate. Interest shall accrue on the outstanding balance
under this Line of Credit as follows:

         (a) if the Bank Closing occurs, at a fixed rate equal to the lesser of
         (i) Base Rate as of the Bank Closing plus 1% or (ii) 10% (the "Band
         Interest Rate"); or

         (b) If the Bank Closing does not occur, at a variable rate equal to the
         lesser of (i) Base Rate plus 1% or (ii) 10% (the lesser of (i) and (ii)
         being referred to as the "Variable Interest Rate"). Lakes shall adjust
         the Variable Interest Rate on the then unpaid principal balance, by way
         of increase or decrease, in accordance with changes in the Base Rate.
         Such changes shall be effective as of the change in the Base Rate (the
         "Effective Date").

If the Bank Closing occurs after the second annual anniversary of the date
hereof, interest accruing under this Line of Credit prior to the Bank Closing
shall be adjusted retroactively to reflect the Band Interest Rate. "Base Rate"
means the lowest Prime Rate as is published daily in The Wall Street Journal. In
the event that the Wall Street Journal ceases to publish the Prime Rate, then
the holder hereof may in its reasonable discretion select some other generally
recognized comparable indicator of the national Prime Rate.

          6. Repayment.

          (I)       If the Commencement Date occurs, the Band shall (A),
                    beginning on the 15th day of the month following the such
                    Commencement Date, repay the amount outstanding under First
                    Tranche -- Non-Gaming as of such Commencement Date in equal
                    monthly payments of principal and interest in an amount
                    sufficient to amortize the principal amount of the First
                    Tranche -- Non-Gaming outstanding as of such Commencement
                    Date over a sixty (60) month period at the Band Interest
                    Rate, and shall thereafter continue to make payments in such
                    amount on the 15th day of each succeeding month to and
                    including the fifteenth day of the sixtieth month following
                    such Commencement Date; and (B)

<PAGE>   3

                    repay principal and interest on Second Tranche - Non-Gaming
                    either (I) at Bank Closing, to the extent the Bank
                    Development Loan has been increased from $28,000,000 to
                    $36,000,000 plus accrued interest on amounts advanced on the
                    Second Tranche -- Lakes Note and Second Tranche --
                    Non-Gaming and such increment is available first to fund any
                    undisbursed amounts of the Second Tranche -- Lakes Note and
                    the Second Tranche -- Non-Gaming, or (II) through
                    distributions made under ss.ss. 5.5.5 and 5.5.6 of the
                    Management Agreement; provided that all remaining principal
                    and interest shall in any event be due and payable on the
                    fifteenth day of the sixtieth month following such
                    Commencement Date.

          (II)      If the Commencement Date does not occur, principal and
                    interest shall be repayable to the extent and in the manner
                    provided in the Development Agreement; provided that
                    payments shall in any event be due and made only from
                    Subsequent Gaming Facility Revenues in accordance with the
                    Development Agreement. If Gaming commences at such a
                    facility and payment is due under this Agreement in
                    accordance with the Development Agreement, the Band shall,
                    beginning on the 15th day of the month following such
                    commencement date, make equal monthly payments to Lakes of
                    principal and interest in an amount sufficient to amortize
                    the principal amount outstanding as of such commencement
                    date over a sixty (60) month period at the Variable Interest
                    Rate, and shall thereafter continue to make such payments on
                    the 15th day of each succeeding month to and including the
                    fifteenth day of the sixtieth month following such
                    commencement date, when all remaining principal and interest
                    shall be due and payable. As of the Effective Date of a
                    change in the Base Rate, Lakes shall adjust the monthly
                    installments of principal and interest as of the installment
                    next following the Effective Date so that the then unpaid
                    principal balance would be amortized in full at the revised
                    Variable Interest Rate five years after such commencement of
                    gaming. Lakes shall promptly notify the Band in writing of
                    any changes in the Base Rate and in the instalment payment
                    due.

          7. Prepayment. This Line of Credit may be prepaid at any time without
penalty.
<PAGE>   4

          8. Subordination. Payment of amounts due hereunder shall be
subordinated to the Bank Development Loan, the Equipment Loan and any other
third-party loans or equipment leases to the Band relating to the Facility or,
if the Commencement Date does not occur, or to any loans relating to any other
Gaming facility in Michigan owned by the Band. Lakes agrees to execute and
deliver subordination agreements evidencing such subordination in form
reasonably acceptable to the Bank Lender, the Equipment Lender, or any other
third-party lender or equipment lessor.

          9. Limited Recourse. The obligations of the Band under this Line of
Credit and any related awards, judgments or decrees shall be payable solely out
of undistributed or future Net Revenues of the Enterprise and shall be a Limited
Recourse obligation of the Band, with no recourse to tribal assets other than
(i) such Net Revenues, (ii) mortgages, if any, held by Lakes to the extent that
the mortgaged premises have not been transferred into trust, and (iii), after
the Commencement Date occurs, funds on deposit in the Dominion Account to the
extent provided in ss. 9.2.1(x) of the Development Agreement and the Dominion
Agreement, or in any other dominion agreement executed by the Band (except that,
if the Commencement Date does not occur, Lakes shall also have recourse to
Subsequent Gaming Facility Revenues to the extent provided in the Development
Agreement). In no event shall Lakes or any other claimant under this Note have
recourse to (a) the physical property of the Facility, (b) Tribal Distributions,
(c) assets of the Band purchased with Tribal Distributions, (d) revenues or
assets of any other gaming facility owned or operated by the Band, or (e) any
other asset of the Band (other than (i), if the Commencement Date does not
occur, Subsequent Gaming Facility Revenues to the extent provided in the
Development Agreement, (ii) such Net Revenues of the Enterprise, (iii) such
mortgages on the Gaming Site prior to its transfer into trust and (iv) after the
Commencement Date occurs, funds on deposit in the Dominion Account to the extent
provided in ss. 9.2.1(x) of the Development Agreement and the Dominion
Agreement, or in any other dominion agreement executed by the Band). Such
mortgages shall be subject to the provisions of the Development Agreement,
including, without limitation, Article 14 thereof. Lakes covenants and agrees
that it shall promptly release any such mortgages upon transfer of such lands
into trust or as otherwise provided in the Development Agreement.

          10. Default; Acceleration. All outstanding principal together with
accrued interest shall become immediately due and payable in full, subject to
the limitations on recourse provided above, upon default in the payment of
principal or interest due under this Line of Credit if such default is not
remedied within thirty (30) days after receipt by the Band of written notice
thereof as provided in the Development Agreement.

          11. Band's Waiver of Sovereign Immunity and Consent to Suit. The Band

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expressly waives its sovereign immunity from suit for the purpose of permitting
or compelling arbitration to enforce this Line of Credit as provided in Article
14 of the Development Agreement abd consents to be sued in the United States
District Court for the District in which the Gaming Site is located (or, if the
Gaming Site has not been designated, for the Western District of Michigan --
Southern Division), the United States Court of Appeals for the Sixth Circuit,
and the United States Supreme Court for the purpose of compelling arbitration or
enforcing any arbitration award or judgment arising out of this Line of Credit.
If the United States District Court lacks jurisdiction, the Band consents to be
sued in the Michigan State Court system for the same limited purpose. The Band
waives any requirement of exhaustion of tribal remedies. Without in any way
limiting the generality of the foregoing, the Band expressly authorizes any
governmental authorities who have the right and duty under applicable law to
take any action authorized or ordered by any such court, and to take such
action, including without limitation, repossessing or foreclosing on any real
property not in trust, or otherwise giving effect to any judgment entered;
provided, however, that liability of the Band under any judgment shall always be
Limited Recourse, and in no instance shall any enforcement of any kind
whatsoever be allowed against any assets of the Band other than (i), if the
Commencement Date does not occur, Subsequent Gaming Facility Revenues to the
extent provided in the Development Agreement, (ii) Net Revenues of the
Enterprise, (iii) mortgages to the extent the mortgaged property has not been
transferred into trust and (iv) after the Commencement Date occurs, funds on
deposit in the Dominion Account to the extent provided in ss. 9.2.1(x) of the
Development Agreement and the Dominion Agreement, or in any other dominion
agreement executed by the Band). The Band appoints the Chairman of the Pokagon
Council and the Secretary of the Pokagon Council as its agents for service of
all process under or relating to the Agreements. The Band agrees that service in
hand or by certified mail, return receipt requested, shall be effective for all
purposes under or relating to the Agreements if served on such agents.

          12. Arbitration. All disputes, controversies or claims arising out of
or relating to this Line of Credit shall be settled by binding arbitration as
provided in Article 14 of the Development Agreement.

          13. Business Purposes; Applicable Law. This Line of Credit evidences a
loan for business and commercial purposes and not for personal, household,
family or agricultural purposes, and shall be governed by the law of the State
of Michigan and, to the extent applicable, federal law.

          14. Notices. All notices under this Line of Credit shall be given in
accordance with ss.15.4 of the Development Agreement; except that copies of draw
requests need not be sent to attorneys.
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          15. Defined Terms. Capitalized terms used herein shall have the same
meanings assigned to them in the Development Agreement, and, if not defined in
the Development Agreement, in the Management Agreement between the Band and
Lakes, as amended.
          16. Miscellaneous.

              a. Time is of the essence.

              b. The benefits and obligations of this Note shall inure to and be
              binding upon the parties hereto and their respective successors
              and assigns, provided that any succession or assignment is
              permitted under the Development Agreement.

              c. Waiver of any one default shall not cause or imply a waiver any
              subsequent default.

              d. This Agreement, together with the Development Agreement, the
              Management Agreement, the Escrow Agreement, the Transition Loan
              Note and the Non-Gaming Land Acquisition Line of Credit, the
              exhibits thereto and all related documents, as each has been
              amended to date, of near or even date herewith, sets forth the
              entire agreement between the parties hereto with respect to the
              subject matter hereof. All agreements, covenants, representations,
              and warranties, express or implied, oral or written, of the
              parties with respect to the subject matter hereof are contained
              herein and therein. This Agreement shall not be supplemented,
              amended or modified by any course of dealing, course of
              performance or uses of trade and may only be amended or modified
              by a written instrument duly executed by officers of both parties.

<PAGE>   7

              e. This Agreement has been executed and delivered as a complete
              amendment and restatement in its entirety of that certain
              Non-Gaming Land Acquisition Line of Credit dated as of July 8,
              1999 by and between the Band and Lakes Gaming, Inc., as assigned
              by Lakes Gaming, Inc. to and assumed by Lakes pursuant to the
              Assignment Agreement.

                                 THE POKAGON BAND OF POTAWATOMI INDIANS

                                 By:
                                    --------------------------------
                                 Its: Council Chairman

                                 By:
                                    --------------------------------
                                 Its: Secretary

                                 GREAT LAKES OF MICHIGAN, LLC

                                 By:
                                      ------------------------------
                                 Timothy J. Cope
                                 Its Chief Financial Officer<PAGE>   1
                    AMENDED AND RESTATED TRANSITION LOAN NOTE

$7,500,000                                             October 16, 2000
                                                       Dowagiac, Michigan

         FOR VALUE RECEIVED, The Pokagon Band of Potawatomi Indians (the "Band")
promises to pay to Great Lakes of Michigan, LLC, a Minnesota limited liability
company ("Lakes"), such sums as may be advanced by Lakes to the Band under
Section 8.3 of a Development Agreement between the Band and Lakes Gaming, Inc.
dated as of July 8, 1999 (the "Development Agreement"), as assigned by Lakes
Gaming, Inc. to and assumed by Lakes pursuant to that certain Assignment and
Assumption Agreement of even date herewith by and among the Band, Lakes Gaming,
Inc. and Lakes (the "Assignment Agreement"), as amended by First Amendment of
near or even date (the "Development Agreement"); provided that the principal
amount due hereunder shall not exceed Seven Million Five Hundred Thousand
Dollars ($ 7,500,000.00).

         1. Advances. Advances under this Note may, at Lakes' option, be funded
through transfer of funds from the Escrow Account; provided that interest shall
only accrue under this Note on funds advanced through the Escrow Account after
disbursement from the Escrow Account, and shall not begin to accrue on deposit
by Lakes into the Escrow Account.

         2. Interest. No interest shall accrue on amounts outstanding hereunder
until two years after the date hereof. Beginning on the second annual
anniversary of the date hereof, interest shall begin accruing on the outstanding
balance as follows:

         (a) if the Bank Closing occurs, at a fixed rate equal to the lesser of
         (i) Base Rate as of the Bank Closing plus 1% or (ii) 10% (the "Band
         Interest Rate"); or

         (b) If the Bank Closing does not occur, at a variable rate equal to the
         lesser of (i) Base Rate plus 1% or (ii) 10% (the lesser of (i) and (ii)
         being referred to as the "Variable Interest Rate"). Lakes shall adjust
         the Variable Interest Rate on the then unpaid principal balance, by way
         of increase or decrease, in accordance with changes in the Base Rate.
         Such changes shall be effective as of the change in the Base Rate (the
         "Effective Date").

If the Bank Closing occurs after the second annual anniversary of the date
hereof,

<PAGE>   2

interest accruing under this Note prior to the Bank Closing shall be adjusted
retroactively to reflect the Band Interest Rate. "Base Rate" means the lowest
Prime Rate as is published daily in The Wall Street Journal. In the event that
the Wall Street Journal ceases to publish the Prime Rate, then the holder hereof
may in its reasonable discretion select some other generally recognized
comparable indicator of the national Prime Rate.

         3.  Repayment.

         If the Commencement Date occurs, the Band shall, beginning on the 15th
day of the month following the Commencement Date, make equal monthly payments to
Lakes of principal and interest in an amount sufficient to amortize the
principal amount outstanding as of the Commencement Date over a sixty (60) month
period at the Band Interest Rate, and shall thereafter continue to make payments
in such amount on the 15th day of each succeeding month to and including the
fifteenth day of the sixtieth month following the Commencement Date, when all
remaining principal and interest shall be due and payable.

         If the Commencement Date does not occur, principal and interest shall
be repayable to the extent and in the manner provided in the Development
Agreement; provided that payments shall in any event be due and made only from
Subsequent Gaming Facility Revenues, in accordance with the Development
Agreement. If Gaming commences at such a facility and payment is due under this
Note in accordance with the Development Agreement, the Band shall, beginning on
the 15th day of the month following such commencement date, make equal monthly
payments to Lakes of principal and interest in an amount sufficient to amortize
the principal amount outstanding as of such commencement date over a sixty (60)
month period at the Variable Interest Rate, and shall thereafter continue to
make such payments on the 15th day of each succeeding month to and including the
fifteenth day of the sixtieth month following such commencement date, when all
remaining principal and interest shall be due and payable. As of the Effective
Date of a change in the Base Rate, Lakes shall adjust the monthly installments
of principal and interest as of the installment next following the Effective
Date so that the then unpaid principal balance would be amortized in full at the
revised Variable Interest Rate five years after such commencement of gaming.
Lakes shall promptly notify the Band in writing of any changes in the Base Rate
and in the instalment payment due.

         4.  Prepayment.  This Note may be prepaid at any time without penalty.

         5. Limited Recourse. The obligations of the Band under this Note and
any

<PAGE>   3

related awards, judgments or decrees shall be payable solely out of
undistributed or future Net Revenues of the Enterprise and shall be a Limited
Recourse obligation of the Band, with no recourse to tribal assets other than
such Net Revenues and, after the Commencement Date occurs, funds on deposit in
the Dominion Account to the extent provided in ss. 9.2.1(x) of the Development
Agreement and the Dominion Agreement, or in any other dominion agreement
executed by the Band (except that, if the Commencement Date does not occur,
Lakes shall also have recourse to Subsequent Gaming Facility Revenues to the
extent provided in the Development Agreement). In no event shall Lakes or any
other claimant under this Note have recourse to (a) the physical property of the
Facility, (b) Tribal Distributions, (c) assets of the Band purchased with Tribal
Distributions, (d) revenues or assets of any other gaming facility owned or
operated by the Band, or (e) any other asset of the Band (other than (i), if the
Commencement Date does not occur, Subsequent Gaming Facility Revenues to the
extent provided in the Development Agreement, (ii), after the Commencement Date
occurs, funds on deposit in the Dominion Account to the extent provided in ss.
9.2.1(x) of the Development Agreement and the Dominion Agreement, or in any
other dominion agreement executed by the Band, and (iii) such Net Revenues of
the Enterprise).

         6. Subordination. Payment of amounts due hereunder shall be
subordinated to the Bank Development Loan, the Equipment Loan and any other
third-party loans or equipment leases to the Band relating to the Facility or,
if the Commencement Date does not occur, or to any loans relating to any other
Gaming facility in Michigan owned by the Band. The holder of this Note agrees to
execute and deliver subordination agreements evidencing such subordination in
form reasonably acceptable to the Bank Lender, the Equipment Lender, or any
other third-party lender or equipment lessor.

         7. Default; Acceleration. All outstanding principal together with
accrued interest shall become immediately due and payable in full, subject to
the limitations on recourse provided above, upon default in the payment of
principal or interest due under this Note if such default is not remedied within
thirty (30) days after receipt by the Band of written notice thereof as provided
in the Development Agreement.

         8. Sovereign Immunity. The Band expressly waives its sovereign immunity
from suit for the purpose of permitting or compelling arbitration to enforce
this Note as provided in Article 14 of the Development Agreement and consents to
be sued in the United States District Court for the District in which the Gaming
Site is located (or, if the Gaming Site has not been designated, for the Western
District of Michigan -- Southern Division), the United States Court of Appeals
for the Sixth Circuit, and the

<PAGE>   4

United States Supreme Court for the purpose of compelling arbitration or
enforcing any arbitration award or judgment arising out of this Note. If the
United States District Court lacks jurisdiction, the Band consents to be sued in
the Michigan State Court system for the same limited purpose. The Band waives
any requirement of exhaustion of tribal remedies. Without in any way limiting
the generality of the foregoing, the Band expressly authorizes any governmental
authorities who have the right and duty under applicable law to take any action
authorized or ordered by any such court, and to take such action, including
without limitation, repossessing or foreclosing on any real property not in
trust, or otherwise giving effect to any judgment entered; provided, however,
that liability of the Band under any judgment shall always be Limited Recourse,
and in no instance shall any enforcement of any kind whatsoever be allowed
against any assets of the Band other than (i), if the Commencement Date does not
occur, Subsequent Gaming Facility Revenues to the extent provided in the
Development Agreement, (ii) Net Revenues of the Enterprise, and (iii), after the
Commencement Date occurs, funds on deposit in the Dominion Account to the extent
provided in ss. 9.2.1(x) of the Development Agreement and the Dominion
Agreement, or in any other dominion agreement executed by the Band. The Band
appoints the Chairman of the Pokagon Council and the Secretary of the Pokagon
Council as its agents for service of all process under or relating to the
Agreements. The Band agrees that service in hand or by certified mail, return
receipt requested, shall be effective for all purposes under or relating to the
Agreements if served on such agents.

         9. Arbitration. All disputes, controversies or claims arising out of or
relating to this Note shall be settled by binding arbitration as provided in
Article 14 of the Development Agreement.

         10. Business Purposes; Applicable Law. This Note evidences a loan for
business and commercial purposes and not for personal, household, family or
agricultural purposes, and shall be governed by the law of the State of Michigan
and, to the extent applicable, federal law.

         11. Defined Terms. Capitalized terms used herein shall have the same
meanings assigned to them in the Development Agreement, and, if not defined in
the Development Agreement, in the Management Agreement between the Band and
Lakes of even date.

         12. Miscellaneous.

              a.  Time is of the essence.

<PAGE>   5

              b. The benefits and obligations of this Note shall inure to and be
              binding upon the parties hereto and their respective successors
              and assigns, provided that any succession or assignment is
              permitted under the Development Agreement.

              c. Waiver of any one default shall not cause or imply a waiver any
              subsequent default.

              d. This Note, together with the Development Agreement, the
              Management Agreement, the Escrow Agreement, the Transition Loan
              Note and the Non-Gaming Land Acquisition Line of Credit the
              exhibits thereto and all related documents of near or even date
              herewith, sets forth the entire agreement between the parties
              hereto with respect to the subject matter hereof. All agreements,
              covenants, representations, and warranties, express or implied,
              oral or written, of the parties with respect to the subject matter
              hereof are contained herein and therein. This Note shall not be
              supplemented, amended or modified by any course of dealing, course
              of performance or uses of trade and may only be amended or
              modified by a written instrument duly executed by officers of both
              parties.

              e. This Note has been executed and delivered as a complete
              amendment and restatement in its entirety of that certain
              Transition Loan Note dated as of July 8, 1999 made payable by the
              Band to Lakes Gaming, Inc in the original principal amount of
              $7,500,000, as assigned by Lakes Gaming, Inc. to Lakes pursuant to
              the Assignment Agreement.

                                       THE POKAGON BAND OF POTAWATOMI INDIANS

                                       By:________________________________
                                       Its: Council Chairman

                                       By:________________________________
                                       Its: Secretary

                                       GREAT LAKES OF MICHIGAN, LLC

                                       By:________________________________
                                       Timothy J. Cope
                                       Its Chief Financial Officer

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