THIS SECURITY AGREEMENT (the "Agreement") is made as of the 17 th day of September, 2002 (the "Effective Date") by
CASINOS U.S.A. INC. , a Colorado corporation (hereinafter called "Debtor", whether one or more), whose place of business
and chief executive office, as applicable (as those terms are used in the Code) is located at 110 Main Street, Black Hawk,
Colorado 80422 and 5455 Spine Road, Mezz. East, Boulder, CO 80301, respectively, and whose tax identification number is 75-
2429383, in favor of ASTRAEA INVESTMENT MANAGEMENT, L.P. , as Trustee ("Secured Party"), whose address is Two
Lincoln Centre, Suite 1450, 5420 LBJ Freeway, Dallas, TX 75240. Debtor hereby agrees with Secured Party as follows:
Definitions . As used in this Agreement, the following terms shall have the meanings indicated below:
The term "Obligor" shall mean Debtor.
The term " Code " shall mean the Uniform Commercial Code as in effect in the State of Colorado on
the date of this Agreement or as it may hereafter be amended from time to time.
The term " Collateral " shall mean all of the personal property of Debtor, wherever located, and
now owned or hereafter acquired including, without limitation, the following:
All "accounts", as defined in the Code (including health-care-insurance receivables),
together with any and all books of account, customer lists and other records relating in
any way to the foregoing (including, without limitation, computer software, whether on
tape, disk, card, strip, cartridge or any other form).
All "equipment" as defined in the Code, of whatsoever kind and character now or
hereafter possessed, held, acquired, leased or owned by Debtor and used or usable in
Debtor's business, and in any event shall include, but shall not be limited to, all
machinery, tools, computer software, gaming equipment, signs, office equipment,
furniture, appliances, furnishings, fixtures, vehicles, motor vehicles, together with all