OPTION AGREEMENT AND ESCROW INSTRUCTIONSOption Agreement • November 29th, 2011 • Lakes Entertainment Inc • Services-miscellaneous amusement & recreation • California
THIS OPTION AGREEMENT (the “Agreement”) is entered into as of this 22nd day of November, 2011 (the “Effective Date”), between LAKES KEAN ARGOVITZ RESORTS-CALIFORNIA, a Delaware limited liability company as optionor (“Seller”), and the JAMUL INDIAN VILLAGE, a federally recognized Indian Tribe as Optionee (“Buyer”).
AMENDED AND RESTATED SECURITY AGREEMENT (Lakes Jamul - Development)Security Agreement • November 29th, 2011 • Lakes Entertainment Inc • Services-miscellaneous amusement & recreation • Minnesota
THIS SECURITY AGREEMENT (this “Agreement”) is made and entered into as of November 22, 2011, by and among Jamul Indian Village, a federally recognized Indian tribe whose chief executive office and business office is located at P. O. Box 612, 14191 Highway 94 #16, Jamul, California 91925 (the “Tribe”), Jamul Gaming Authority, a tribal governmental instrumentality of the Tribe whose chief executive office and business office is located at P. O. Box 612, 14191 Highway 94 #16, Jamul, California 91925 (the “Authority,” and, jointly and severally with the Tribe, individually and collectively, “Debtor”) and Lakes Jamul Development, LLC, a Minnesota limited liability company, whose business office is located at 130 Cheshire Lane, Minnetonka, Minnesota 55305 (for itself and as agent for any of its Affiliates to which Secured Obligations are owed, “Secured Party”).
PRE-DEVELOPMENT, DEVELOPMENT FINANCING ARRANGEMENT AGREEMENTFinancing Arrangement • November 29th, 2011 • Lakes Entertainment Inc • Services-miscellaneous amusement & recreation • Lakes
