NOTE SECURED BY DEED OF TRUST
$7,000,000 Las Vegas, Nevada December 28, 2001, as amended and restated as of July 1, 2002
For valuable consideration, Metroflag BP, LLC, a Nevada limited liability company ("Promisor") does hereby
promise to pay to the order of Grand Casinos Nevada I, Inc., a Minnesota corporation ("Promisee") the principal
sum of Seven Million Dollars ($7,000,000). Said amount shall be due and payable in full on June 28, 2004.
Both principal and interest are payable at the office of Promisee, in Minnetonka, Minnesota, or at such place as
the holder hereof may from time to time designate in writing.
Provided Promisor has notified Promisee in writing of such prepayment at least ten (10) days in advance,
Promisor may prepay this Note in full, or in part at any time.
This Note is secured by a Leasehold Deed of Trust, Assignment of Leases and Rents and Security Agreement
dated December 28, 2001 (as amended and supplemented from time to time, the "Deed of Trust"). Should any
event of default, as hereinafter defined, occur, the whole sum of principal and interest hereunder shall, without
notice, immediately become due at the option of the holder hereof. Any and all of the following shall constitute an
event of default hereunder:
(a) default in payment of any installment of principal or interest hereunder; or
(b) default in performance of any obligation contained herein or in the Deed of Trust or any other security
instrument by which this Note is secured or any guaranty hereof or thereof.
The sale, agreement to sell, transfer, assignment, mortgage, pledge, hypothecation or encumbrance, whether
voluntary or involuntary, directly or indirectly, of the whole or any portion of Promisor's right, title or interest in
and to the property subject to the Deed of Trust or any portion thereof, other than encumbrances permitted
under, and complying with, the Purchase Agreement of even date by and between Promisor and Promisee, shall
entitle Promisee to accelerate the in