STOCK PURCHASE AGREEMENT
This STOCK PURCHASE AGREEMENT (this "Agreement") is entered into as April 14, 2000 by and between
MGM GRAND, INC., a Delaware corporation (the "Company"), and the persons whose names appear as
signatories on the signature pages hereto (collectively, the "Purchasers"). The Company and the Purchasers are
referred to collectively herein as the "Parties".
On the terms and conditions set forth in this Agreement, the Purchasers desire to purchase, and the Company
desires to issue and sell to the Purchasers, the number of shares of common stock of the Company, par value
$0.01 ("Common Stock") equal to the aggregate of the numbers of such shares listed on the signature pages
hereto (the "Shares"), at a purchase price of $26.50 per Share (the "Per Share Price"), with each Purchaser to
purchase the number of Shares set forth on such Purchaser's signature page hereto (such number of Shares set
forth on such signature page being referred to herein as such Purchaser's "Allocated Shares").
In consideration of the mutual promises, covenants and conditions hereinafter set forth, the Parties hereto mutually
agree as follows:
Authorization and Sale of the Shares.
Basic Transaction. Subject to the terms and conditions hereof, on a "delivery against payment" basis at the
Closing (as defined herein), the Company will issue and sell to each Purchaser, and each Purchaser will purchase
from the Company, such Purchaser's Allocated Shares for the aggregate price appearing on such Purchaser's
signature page hereto (such aggregate purchase price being referred to herein as such Purchaser's "Allocated
Purchase Price"). The Allocated Shares of each Purchaser shall consist of (i) the number of treasury shares of the
Company set forth on such Purchaser's signature page hereto plus (ii) the number of shares of Common Stock
which are not treasury shares set forth on such Purchaser's signature page hereto.
Purchase Price. Each Purchaser severally