STOCK PURCHASE AGREEMENT
This Stock Purchase Agreement (the "Agreement") is entered into effective as of the 12th day of January, 1999,
by and between EQUITAS, CORP., a Panama corporation, ("Buyer"), and GLOBAL CASINOS, INC., a
Utah corporation ("Seller").
WHEREAS, Seller owns 30 shares of the issued and outstanding shares of the Common Stock (the "Common
Stock" or "Shares") of B.P.J. Holding, N.V., a Curacao corporation, (the "Company" or "BPJ").
NOW, THEREFORE, in consideration of the premises, the mutual benefits to be derived from this Agreement
and the representations, warranties, and covenants contained hereinafter, Buyer and Sellers hereby agree as
1. Purchase and Sale of Shares. Subject to the terms and conditions herein stated, Seller shall sell, assign, transfer
and deliver to Buyer on the Closing Date (as hereinafter defined), and Buyer shall purchase and acquire from
Seller on the Closing Date, 30 shares of the Common Stock of the Company (the "Shares"). The purchase price
to be paid by Buyer to Seller on the Closing Date for the Shares is the sum of $1.00, to be paid at Closing.
2. The Closing and Effective Date. The closing of the purchase and sale of the Shares shall take place on January
12, 1999 or at such later date which is mutually agreed upon by the parties hereto (the "Closing Date"). The
Effective Date of the transaction shall for all purposes shall be December 31, 1998 (the "Effective Date").
3. Representations and Warranties of Seller. Seller hereby represents and warrants to Buyer as follows:
(a) The Shares represent 100% of the issued and outstanding shares of the Company.
(b) The sole tangible asset of BPJ consists of 20 shares of the capital stock of Global Entertainment Group,
N.V., an Aruba corporation, ("Global Entertainment"), which constitute 100% of the issued and outstanding
shares of capital stock of Global Entertainment.
(c) The execution and the delivery of this Agreement and the consummation of the transactions contemplated