Exhibits 10.80
EXECUTION VERSION
REAFFIRMATION OF GUARANTIES AND MORTGAGES
This Reaffirmation is dated as of the 22nd day of December, 2004, by and among the
Pokagon Properties, LLC, a Delaware limited liability company ("PPLLC") and Filbert
Land Development, LLC, an Indiana limited liability company ("Filbert" and together with
PPLLC, collectively the "Band Designees") and Great Lakes Gaming of Michigan, LLC, a
Minnesota limited liability company ("Lakes"):
WITNESSETH:
WHEREAS, the Band and Lakes Entertainment, Inc., f/k/a Lakes Gaming, Inc. ("Lakes
Entertainment") previously entered into a Development Agreement dated as of July 8,
1999, as assigned by Lakes Entertainment to Lakes pursuant to that certain Assignment
and Assumption Agreement dated October 16, 2000, by and among the Band, Lakes
Entertainment and Lakes, and as amended and restated by that certain First Amended and
Restated Development Agreement dated October 16, 2000 by and between the Band and
Lakes, and as amended and restated by that certain Second Amended and Restated
Development Agreement dated as of December 22, 2004 by and between the Band and
Lakes (collectively and as heretofore and hereafter amended, the "Development
Agreement"), pursuant to which the Band has engaged Lakes to, among other things, assist
the Band in the design, development, construction and management of the Facility; and
WHEREAS, Article 2 of the Development Agreement provides, among other things, that
Lakes shall finance the acquisition of all parcels of land comprising the Gaming Site and
the Non-Gaming Lands through the making of advances (a) under the Lakes Note for the
acquisition of each parcel of land constituting the Gaming Site (all such advances, whether
heretofore or hereafter made, shall be collectively referred to as the "Gaming Site
Advances"), and (b) under the Non-Gaming Land Acquisition Line of Credit for each
parcel of land constituting the Non-Gaming Lands (all such advances, whether heretofore
or hereafter made, shall be collectively referred to as th