AGREEMENT AND AMENDMENT TO PROMISSORY NOTE
This AGREEMENT AND AMENDMENT TO PROMISSORY NOTE (the "Agreement") is effective the 17 t h day of
September, 2002 (the "Effective Date") between GLOBAL CASINOS, INC. , a Utah corporation (hereinafter, "Borrower" or
"Maker"), and ASTRAEA INVESTMENT MANAGEMENT L.P. , as trustee (hereinafter, "Note Holder" or "Payee").
W I T N E S S E T H
WHEREAS, Borrower executed a Secured Convertible Promissory Note dated May 11, 1994, payable to Note Holder in the
original principal amount of SEVEN HUNDRED FIFTY THOUSAND and NO/100 DOLLARS ($750,000.00), plus interest, a
copy of which is attached hereto as Exhibit "A" (the "Global Note"); and
WHEREAS, the Global Note was amended by a letter agreement, a copy of which is attached hereto as Exhibit "B"; and
WHEREAS, Borrower is in default of payments to be made under the Global Note, and the parties have voluntarily agreed
to restructure and more fully secure the Global Note as set forth herein.
NOW, THEREFORE, the parties hereto, for good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, agree as follows:
Stipulation . Borrower stipulates (1) that it is delinquent in its payments under the Global Note,
(2) that the current unpaid and principal balance is $500,581.52 and (3) that the accrued interest
as of September 17, 2002 is approximately $214,796.32.
Forgiveness of Past Interest . As part of the inducement to Note Holder for the forgiveness of
past accrued interest, Borrower agrees to provide additional collateral for the Global Note, as set
forth in paragraph 8 hereof. Upon the execution of this Agreement, all accrued and unpaid
interest under the Global Note due and payable as of the Effective Date shall be deemed forgiven
and shall no longer be due and owing.
Extension of Final Payment Date . The Note Holder agrees to extend the final payment due under
the Global Note. Thus, in accordance with this Ag