AMENDED AND RESTATED                      BAREBOAT CHARTER AND OPTION TO PURCHASE                             of the Casino Cruise Ship                                      BIG EASY      THIS   AMENDED   AND   RESTATED    BAREBOAT   CHARTER   AND   OPTION   TO   PURCHASE("Charter")   is made and   entered   into as of July 1, 2005 by and   among   CruiseHoldings II, LLC, a Nevada limited   liability   company   (hereinafter   "CH II" or"Owner"),   the   owner   of the   casino   cruise   ship BIG   EASY   (hereinafter   the"Vessel"),   Palm Beach Empress, Inc., a Delaware corporation ("PBE"), Palm BeachMaritime   Corporation,   a Delaware   corporation   ("PBM," and together   with PBE,"Original Charterer"), ITG Palm Beach, LLC, a Delaware limited liability company("ITGPB" or   "Charterer"),   as charterer of the Vessel,   and ITG Vegas,   Inc., aNevada corporation ("ITGV").                               W I T N E S S E T H:      WHEREAS, Owner and Original Charterer are parties to a Bareboat Charter andOption to Purchase of the casino cruise ship Big Easy, formerly known as EmpressII,   dated as of July 6, 2004   pursuant to which Owner   chartered   the Vessel toOriginal Charterer (the "Original Charter"); and      WHEREAS,   Original Charterer,   ITGPB and ITGV are parties to a Sub-BareboatCharter of the   casino   cruise   ship Big Easy,   formerly   known as   Empress   II,pursuant   to which   Original   Charterer   as   owners   pro hac   vice   and   currentcharterers   of the   Vessel   sub-chartered   the   Vessel   to ITGPB   and ITGV   (the"Original Sub-Charter"); and      WHEREAS,   pursuant to a Loan and Security Agreement among Owner,   Chartererand certain of their affiliates (collectively, the "ITGV Borrowers") and PBE andPBM and certain   other   affiliates   of ITGPB and ITGV as   guarantors   (the "LoanAgreement"),   ITGPB and ITGV refinanced certain of their debt obligations to PDSGaming Corporation (the "Refinancing"); and       WHEREAS,   in connection with the Refinancing,   and pursuant to a MembershipInterest   Purchase   Agreement,   PDS Gaming   Corporation   transferred   all of themembership interests in Owner to PBE; and      WHEREAS, in view of the foregoing, the parties desire to combine, amend andrestate the   Original   Charter and the   Original   Sub-Charter,   all as set forthherein. 

     NOW THEREFORE,   upon the terms and conditions   hereinafter set forth, Owneragrees to charter and Charterer agrees to accept under charter the Vessel.  <PAGE>                                      ARTICLE 1                              DESCRIPTION OF VESSEL      The Vessel is an   ocean-going   casino cruise ship,   United States   OfficialNumber 998517, and more particularly described in Appendix A attached hereto.                                     ARTICLE 2                                PERIOD OF CHARTER      A. The period of this   Charter   shall be for a period   beginning   as of thedate hereof and ending July 1, 2009   (hereinafter   the "Charter   Period").   ThisCharter   automatically   supersedes   and   terminates   the   Bareboat   Charter   andBareboat Sub-charter.      B. At the end of the Charter Period, or upon the sooner termination of thisCharter for any reason,   ITGPB or ITGV shall have the right to (i) purchase fromOwner the Vessel,   or (ii) purchase from PBE all of the membership   interests ofOwner pursuant to the terms and conditions set out in Article 19 hereof.                                     ARTICLE 3                               MONTHLY CHARTER HIRE      A. Charterer   shall pay to Owner charter hire   ("Charter   Hire") monthly inadvance on or before the first day of each calendar month commencing on the dateof   delivery   and   continuing   thereafter   until   termination   of the Charter asprovided herein at the rate of Fifty Thousand Dollars ($100,000.00) per month orpro rata for any part of a month,   plus one percent (1%) of the ITGV   Borrower'sNet   Revenue   (as   defined in the Loan   Agreement)   from the   operations   of theVessel.   Any   Charter   Hire paid in   advance   and not earned   shall be   promptlyrefunded to Charterer   by Owner.   Payment of Charter Hire shall be made to Ownerby   electronic   funds   transfer   or as   otherwise   directed   by Owner   or, if nodirections   are given by   Owner,   for the   benefit   of Owner at One E. 11th St.,Riviera Beach,   Florida   33404,   and shall be deemed paid when it is received byOwner or its designee.   The first monthly   Charter Hire payment shall be made onor before August 1, 2005 and all subsequent   payments shall be made on or beforethe first day of each calendar month thereafter.      B.   Notwithstanding the foregoing,   Charterer shall not make any payment ofCharter Hire   otherwise due hereunder with respect to any month unless and until

the   conditions   set forth in Section   14(a)(i) of the Loan   Agreement have beensatisfied, including, without limitation, that a Contingent Event, as defined inSection 1(h) of the Loan Agreement,   has occurred;   provided,   however,   that ifwith respect to any month during the Charter Period   Charterer is unable to makea payment of Charter Hire for such month because such   conditions   have not beensatisfied,   Charterer shall make an additional   payment of Charter Hire for suchmissed month during any subsequent month in which Charterer is permitted to makea Charter Payment under Section 14 (w)(i) of the Loan   Agreement;   but shall notmake more than two Charter Hire payments in any given calendar month.      C. Charterer   shall not make any deductions   from the Charter Hire,   exceptwith respect to the following:                                         2 <PAGE>           1. Time actually lost by reason of action or failure to act of Owner orOwner's creditors or claimants other than Charterer or its affiliates, except tothe extent such delays were caused or contributed to by Charterer.          2. Any   disbursements   for Owner's   account,   provided   Owner agrees inwriting.          3.   Any   previous    overpayments    of   Charter    Hire,    excluding   anyoverpayments of Charter Hire concerning   which a bonafide dispute may exist, butin the latter event Owner shall furnish an adequate bank guarantee or other goodand sufficient security on request of Charterer.          4. Any sums to which Charterer is entitled under Article 12 herein.      D. ITGV shall be jointly and severally liable with ITGPB for payment of allCharter Hire payments.                                     ARTICLE 4                                 ON-HIRE SURVEY      A. As the immediate prior   sub-charterer of the Vessel,   Charterer   acceptsthe Vessel As-Is And   Where-Is   and the parties   agree not to require an on-hiresurvey.   Any   damage or   deficiencies   in   either   the   hull,   equipment   and/ormachinery   affecting either the seaworthiness of the Vessel or its capability tooperate   in   its    intended    service   or   the    maintenance    of   the   Vessel'sclassification   society   certificates   or U. S. Coast Guard required   documents,certificates,   or   certifications   required to operate in U.S.   waters,   if any,discovered   at any   time   prior   to or   during   this   Charter   shall be the sole

responsibility   of Charterer and any such damage or deficiency   shall not in anyway alter, amend or excuse Charterer's obligations under this Charter.      B. Charterer's acceptance of the Vessel under this Charter shall constitutean admission by Charterer of full   performance by Owner of its obligations   withrespect to the   condition of the Vessel on Delivery   per Article 5.   Thereafter,Charterer   shall not be   entitled to make or assert any claim   against   Owner onaccount of agreement,   representation   or warranty,   either   express or implied,with respect to the condition,   seaworthiness or fitness of the Vessel.   Failureof Charterer to make an inspection of the Vessel and its appurtenances   shall beentirely at its own risk.                                     ARTICLE 5                             DELIVERY OF THE VESSEL      A. The Vessel will be delivered   by Owner   hereunder to Charterer as is andwhere is at the Port of Palm Beach, Florida as of the date hereof ("Delivery").      B.    Representatives   of   Owner   and   Charterer   shall   jointly   execute   aCertificate of Delivery and   Acceptance,   in the form attached hereto and markedas Appendix B, acknowledging the delivery and receipt of the Vessel.                                         3 <PAGE>      C. At the time of Delivery the Vessel shall be fully   classed by Det NorskeVeritas,   free   of all   outstanding   recommendations,   and   shall   have   all hercertificates,   including those, if any, issued by the United States Coast Guard,current and not extended.   If any of the Vessel's   classification or Coast Guardcertificates   require   renewal at the time of Delivery,   such renewals   shall bepaid for by   Charterer.   Charterer   shall keep the   Vessel's   documentation   andclassification   certificates   in full force and   effect   during the term of thisCharter or any extensions   thereof,   providing   copies of such   certificates   toOwner when   issued,   and shall   renew all such   certificates   at the time of anyRedelivery   under   Article 13 whether or not due for renewal,   unless   otherwiseagreed to by the   parties.   Further,   subject to the prior   written   approval ofOwner, such approval not to be unreasonably   withheld,   Charterer may change theVessel's classification society.      D.   Concurrently   with the   Delivery of the Vessel   hereunder,   Owner shallassign   to   Charterer   all of   its   rights,   title   and   interest   in and to anywarranties and guaranties which Owner may have, provided that the same, if stillin effect,   shall be reassigned to Owner upon   Redelivery of the Vessel.   If anysuch   warranty or guaranty is not fully   assignable   to   Charterer,   Owner shallcooperate with Charterer to enforce its rights thereunder.

                                     ARTICLE 6                         USE AND OPERATION OF THE VESSEL      A.   Charterer   shall   have the full use of the Vessel   and,   subject to thetrading   limits of Article 23 hereof,   may employ the Vessel in any lawful tradeor trades in accordance with the laws and regulations of the Vessel's flag stateand any country where the Vessel may be operated,   as Charterer may from time totime   elect,   and it   agrees   to   comply   with all   Local,   State,   and   FederalRegulations pertaining to the operation of the Vessel in the United States.      B. During the Charter Period the Vessel shall be under the complete controlof Charterer,   who shall have exclusive possession,   control, and command of theVessel,   subject to the terms hereof, and assumes full responsibility   therefor,including port charges,   agencies, fines, assessments and penalties incurred dueto Charterer's use and operation of the Vessel.   Nothing herein   contained shallbe construed as   constituting   any implied   restriction   on   Charterer's   right,during the Charter Period,   consistent   with this Charter,   to employ the Vesselfor its own   account or for the   account   of others,   either on a voyage or timecharter basis, as Charterer may from time to time determine,   provided   however,Charterer   must   first   obtain   written   consent   of Owner,   which   shall not beunreasonably   withheld   or   delayed,   before   entering   into any   voyage or timecharter other than in the ordinary course of business.      C. This Charter is a full and complete   demise of the Vessel to   Charterer.From the time of delivery to the termination of the Charter, at its own expense,Charterer   shall   either   itself or   through   a   maritime   management   or agencycontract, man, victual,   navigate,   including engaging other vessels and pilots,operate,   maintain   in a   good   state   of   repair   and   in   efficient   operatingcondition,   insure and supply the Vessel. Charterer shall be responsible for allcharges   and   expenses   of   every   kind   and   nature   whatsoever   incidental   toCharterer's use and operation of the Vessel under the Charter   including withoutlimitation fuel,   lubricating oil, and water.   Charterer shall return the Vesselto Owner at the   expiration of this Charter in the same good order and conditionas when received,   reasonable wear and tear excepted, in accordance with Article13 herein.                                         4<PAGE>      D. 1.   Except for a lien for wages of a   stevedores,   wages for the crew ofthe vessel,   general average or salvage including   contract salvage,   and exceptfor   maritime   tort   liens   covered   (subject   to a   reasonable   deductible)   byinsurance or protection and indemnity entry, Charterer will not create or sufferto be continued any security interest, lien, encumbrance or charge on the Vesselor any income therefrom. In due course, and in any event within thirty (30) days

after   the   same   becomes   due and   payable,   Charterer   will pay or cause to bedischarged or make adequate provision for the payment or discharge of all claimsor demands which,   if not paid or discharged,   might result in the creation of asecurity interest,   lien, encumbrance or charge against the Vessel or any incometherefrom, and will cause the Vessel to be released or discharged from each suchsecurity interest, lien, encumbrance or charge therefor.          2. If a   complaint   shall be filed   against the Vessel or if the Vesselshall be seized,   arrested and/or taken into custody or sequestered by virtue ofany   legal   proceedings   in any   court,   Charterer   shall   within   ten (10) daysthereafter   cause the Vessel to be   released   and   discharged.   Charterer   shallremain   liable for the payment of Charter Hire   throughout   any of the foregoingevents.      E. Charterer agrees, at its expense,   to drydock the Vessel for the purposeof cleaning   and   painting the   Vessel's   bottom when   necessary   and making anyrequired   repairs,   inspections   or   surveys,   but not less   frequently   than asrequired by the applicable   classification society rules, and when drydocking isdue,   Charterer   agrees to send the   Vessel to a port   where the   Vessel   can sodrydock,   clean and paint.   All expenses   incidental to such   drydocking and allcharges   incurred in   connection   therewith   shall be for   Charterer's   account,regardless of whether Owner's repairs,   if any, are concurrently made,   providedthat   Owner's   repairs do not delay the   operation of the Vessel or increase thecost to Charterer.      F. Charterer will pay and discharge when and as due and payable, all taxes,assessments, excises, levies, documentation and registration fees, duties, finesand penalties   and other   governmental   charges   including   without   limitation,sales, use,   franchise,   property,   gross receipts and occupation taxes lawfullyimposed   upon   the   Vessel   or   the   ownership,   use,   operation,   registration,documentation   or   maintenance   thereof during the term of the Charter or on anyCharter   Hire or other   amounts   payable   hereunder,   other than taxes and othercharges imposed on or measured by the net income or capital of Owner.      G.   Notwithstanding   anything   herein to the   contrary,   until such time asCharterer   has applied for and obtained an Alcoholic   Beverage   License from theState of Florida,   Palm Beach   Maritime   Corporation   shall   continue to conductcertain operations and concessions necessary for the sale of alcoholic beveragesand   shall   be   entitled   to    reimbursement    from   Charterer   of   the   actual,out-of-pocket costs incurred by Owner in connection therewith.                                     ARTICLE 7                        CONTINUED REGISTRATION OF VESSEL      The   Vessel   shall be kept   documented   under   the laws and flag of   Panamaduring the period of this Charter.

                                        5<PAGE>                                      ARTICLE 8                        EQUIPMENT, OUTFIT AND FURNISHINGS      Charterer shall have the use,   without extra cost, of all equipment   (whichshall include   equipment for cabin,   crew,   and galley,   navigational   aids, andtechnical equipment,   furnishings,   furniture, and fittings) outfit, appliances,tools,   spare and replacement parts,   non-consumable   stores,   crockery,   linen,etc.,   as may be on board or   installed   upon the   Vessel   (as   confirmed   by aninventory   conducted   by Owner   and   Charterer)   on   delivery   of the   Vessel toCharterer,   but shall   exclude   all gaming   devices and   related   equipment   andmaterials.   The same or their substantial   equivalent,   excluding gaming devicesand related   equipment and materials and all other equipment leased by Chartererfrom third   parties,   shall be returned to Owner (as   confirmed   by an inventoryconducted by Owner and   Charterer)   on Redelivery of the Vessel in the same goodorder and condition as when received,   normal wear and tear excepted.   Charterershall   from time to time   during   the   Charter   period,   replace   such   items ofequipment   as shall be so   damaged   or worn as to be unfit for use.   Should   theinventory at Redelivery show missing items of equipment, Charterer shall replacethe item or pay such excess to Owner.                                     ARTICLE 9                                    INVENTORY      Charterer   owns   and   has   paid   for   all   inventory,    including,   withoutlimitation,   all consumable   stores on board the Vessel at the time of Delivery.Accordingly,   Owner   is not   entitled   to any   payment   for the   inventory,   andCharterer   shall   have the right to remove the   inventory   from the Vessel on orprior to Redelivery and to retain ownership thereof.                                    ARTICLE 10                                   ALTERATIONS      A. From time to time after delivery of the Vessel into Charterer's service,Charterer   may   make   structural   and   other   alterations   to   the   Vessel,   itsmachinery,   or electrical   equipment,   only with Owner's prior written approval,which shall not be unreasonably withheld, provided the alterations to the Vesseland its   equipment   are   returned   to   their   original   state at or prior to thetermination   of this   Charter   and   Redelivery   of the   Vessel to Owner.   Owner,however,   has the   option to   retain   any   alterations   made by   Charterer   at amutually agreed price. In addition,   leased equipment may be placed on board theVessel by Charterer.   At the time of Redelivery,   Owner has the right at Owner's

expense to continue the lease for such equipment   should the lease permit or mayrequire   Charterer to have such   equipment   removed.   As to equipment   otherwiseplaced aboard the Vessel by Charterer,   Charterer shall have the right to removesame upon Redelivery,   provided that if Owner desires to retain the equipment onboard the Vessel,   it may purchase the equipment at a price to be agreed upon atthe time of Redelivery.   Any additions or alterations   permitted by this Articleare subject to approval by the Vessel's classification society and, if required,the U. S. Coast Guard.   Notwithstanding   anything to the   contrary   contained inthis Charter,   Charterer shall not have the right to remove any gaming equipmentother than in accordance   with that certain Master Lease   Agreement   (Palm BeachPrincess and Empress II Gaming Equipment), dated as of July 6, 2004, between PDSGaming   Corporation,   as Lessor,   and Charterer and ITGV   ("Master   Lease"),   aslessee, without the prior written approval of PDS Gaming Corporation and Owner.                                        6<PAGE>      B. Charterer's   house colors are currently   painted on the Vessel,   and theVessel   shall   continue   to be so   painted   during   the   term of   this   Charter.Charterer   shall   have the right to   rename   the   Vessel,   and shall pay for allassociated   costs   therefor.   Prior to   Redelivery,   Charterer   shall rename theVessel at its   expense   in   accordance   with   Owner's   reasonable   instructions.However,   Owner   shall in no   event   have   the   right to the use of   Charterer'strademark following Redelivery.      C. The Vessel   shall be kept   painted and metal   surfaces   preserved at alltimes,   and   Charterer   shall   maintain   the   Vessel in as good a   condition   asdelivered, normal wear and tear excepted.                                    ARTICLE 11                                    INSURANCE      A. 1. Charterer   shall, at all times during the period of this Charter,   atits own cost and expense,   carry and maintain on the Vessel   insurance   coveragecovering   all   marine   and hull   risks,   including   towers   liability,   war riskinsurance,   protection   and   indemnity   insurance,   together   with   coverage forpollution clean up costs and expenses   including natural resource damage,   thirdparty claims as well as any fines or civil   penalties   now or hereafter   imposedunder all applicable   Federal,   State and Local laws, or the laws of any foreigncountry or political   subdivision   thereof

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