0000950134-05-023628 Sample Contracts

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RECITALS
Loan Agreement • December 21st, 2005 • Lakes Entertainment Inc • Services-miscellaneous amusement & recreation • Minnesota
NOTE
Lakes Entertainment Inc • December 21st, 2005 • Services-miscellaneous amusement & recreation

For value received, the undersigned, LAKES ENTERTAINMENT, INC., a Minnesota corporation and LAKES POKER TOUR, LLC, a Minnesota limited liability company (individually each a "Borrower" and collectively referred to herein as the "Borrowers"), hereby jointly and severally promise to pay to the order of LYLE BERMAN FAMILY PARTNERSHIP, a Minnesota general partnership (the "Lender"), at its main office at One Hughes Center Drive, Suite 101, Las Vegas, NV 89109, or at any other place designated at any time by the holder hereof, in lawful money of the United States of America and in immediately available funds the principal sum of TWENTY MILLION AND NO/100 Dollars ($20,000,000.00) or such amount as may be due and owing to the Lender as Loans pursuant to the Loan Agreement by and between the Borrowers and the Lender of even date herewith (as the same may from time-to-time be amended, modified or restated, the "Loan Agreement"), which principal amount shall, unless due earlier, be due and payab

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