BILL OF SALE, ASSIGNMENT AND ASSUMPTION
THIS BILL OF SALE, ASSIGNMENT AND ASSUMPTION (the "Agreement") is executed this ____ day of October,
2002, by and between GLOBAL CASINOS, INC. , a Utah corporation ("Assignor"), and CASINOS, U.S.A., INC. , a Colorado
A. Assignee is a wholly-owned subsidiary of Assignor and is the owner of the Bull Durham Saloon and Casino located
in Black Hawk, Colorado (the "Bull Durham").
B. The Bull Durham has operated as a limited-stakes gaming casino under a gaming license issued to and held by
Assignor. As a gaming licensee, Assignor has acquired gaming devices for use in the Bull Durham, together with associated
debt to IGT, Aristocrat and others.
C. The Colorado Gaming Commission has conditionally approved the issuance of a gaming license to Assignee. By
virtue of the transfer of the gaming license from Assignor to Assignee, ownership of the gaming devices used in connection
with the operations of the Bull Durham should be transferred to Assignee, subject to associated debt, which is herein identified
and agreed to be assumed under the terms of this Agreement..
NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinbelow set forth, the receipt and
sufficiency whereof are hereby acknowledged, the parties, intending to be legally bound, agree as follows:
1. Bill of Sale and Assignment. Effective upon the issuance by the Colorado Division of Gaming of a retailer gaming
license to the Assignee covering the operations of the Bull Durham, Assignor, for itself, its successors and assigns, hereby
sells, assigns, transfers, conveys and delivers to Assignee all of the right, title and interest of Assignor in and to all of the
gaming devices used in connection with the operations of the Bull Durham and listed and identified in Exhibit "A" attached
hereto (hereafter collectively the "Assets"), which are now used in connection with t