THE DEED OF TRUST MODIFIED HEREBY SECURES FUTURE ADVANCES AND FUTURE OBLIGATIONS
AND IS  GOVERNED  BY SECTION  443.055 OF THE  REVISED  STATUTES  OF THE STATE OF
MISSOURI,  AS AMENDED FROM TIME TO TIME.  THIS DEED OF TRUST SECURES THE PAYMENT
OF PRINCIPAL, INTEREST AND OTHER OBLIGATIONS AS PROVIDED HEREIN AND PERMITTED BY
SECTION 443.055. THE FACE AMOUNT SECURED BY SUCH DEED OF TRUST IS $5,000,000.



                                 AMENDMENT NO. 4
                                       to
          FUTURE ADVANCE AND FUTURE OBLIGATION LEASEHOLD DEED OF TRUST
                                 by and between
                             ITEC ATTRACTIONS, INC.
                                       and
                             BANK OF AMERICA, N.A.,
    formerly NationsBank, N.A., formerly Boatmen's Bank of Southern Missouri


         In  consideration  of their  mutual  agreements  herein  and for  other
sufficient  consideration,  the  receipt of which is hereby  acknowledged,  ITEC
Attractions,  Inc., a Nevada  corporation  (successor by merger to International
Tourist   Entertainment   Corporation,   a  U.S.  Virgin  Islands   corporation,
hereinafter  "Grantor") and Bank of America,  N.A., formerly NationsBank,  N.A.,
formerly Boatmen's Bank of Southern Missouri ("Beneficiary") agree as follows:

1.  Definitions.  The term "Original Deed of Trust" means the Future Advance and
Future Obligation  Leasehold Deed of Trust dated July 30, 1993, recorded in Book
321 Page 3307 of the real estate records of Taney County,  Missouri,  as amended
by those certain Modification  Agreements dated March 1, 1994, June 1, 1995, and
March 1, 1997 and recorded in Book 324, Page 9594, Book 333, Page 6884, and Book
344,  Page 4522  respectively,  of the records of the  Recorder of Deeds for the
County of Taney, State of Missouri, between Grantor and Beneficiary with respect
to the property more particularly  described in Exhibit A, attached hereto.  The
term "this  Amendment"  means  this  Amendment.  Capitalized  terms used and not
otherwise  defined  herein have the  meanings  defined in the  Original  Deed of
Trust.

2. Effective Date of this Amendment. This Amendment is effective as of July ___,
2000.

3.       Amendments to  Deed of Trust.

     3.1. The Original  Deed of Trust is hereby  amended by replacing the amount
"$4,000,000" at the top of the first page with  "$5,000,000.00."  All references
in the Original  Deed of Trust to the "Note" shall be replaced  with the "Second
Amended and Restated Revolving Note and the Note and Credit Agreement."

<PAGE>

     3.2. The first  WHEREAS  clause of the Original Deed of Trust is amended in
by replacing the words "Ground Lease Agreement  entered into between First Party
and TREASURE  LAKE R.V.  RESORT  CAMPING CLUB,  INC., a Missouri  not-for-profit
corporation,  dated July 27, 1993 (hereinafter referred to as the "Lease")" with
the words "Ground Lease Agreements entered into between First Party and TREASURE
LAKE R.V.  RESORT  CAMPING CLUB,  INC., a Missouri  not-for-profit  corporation,
dated  July  27,  1993,   _____________,   and   ________________   (hereinafter
collectively referred to as the "Lease")."

     3.3.  The Original  Deed of Trust is further  amended by deleting the first
paragraph on page 2 (beginning with the words "WHEREAS,  of even date herewith")
in its entirety and by deleting the fourth  paragraph on page 2 (beginning  with
the words  "IN  TRUST,  however")  in its  entirety  and  replacing  it with the
following:

         "IN TRUST,  however,  for the  purpose of  securing  to Third Party the
         payment  of (i) the  principal  sum of  $200,000.00  plus  all  accrued
         interest to be paid pursuant to the  provisions of that certain  Second
         Amended and Restated  Revolving Note (the "Second  Amended and Restated
         Revolving  Note") dated as of July ___,  2000,  given by First Party to
         Third  Party,  and the  principal  sum of  $4,687,203  plus all accrued
         interest to be paid pursuant to the provisions of that certain  Amended
         and  Restated  Term Note and  Credit  Agreement  (the  "Note and Credit
         Agreement")  dated as of July ___, 2000,  given by First Party to Third
         Party,  (ii) any and all  other  sums due or to  become  due  under the
         Second  Amended  and  Restated  Revolving  Note,  the Note  and  Credit
         Agreement,  this Deed of Trust or any other  Loan  Document,  (iii) any
         future, further or subsequent advances and readvances of principal from
         time to time made under the Second Amended and Restated Revolving Note,
         the Note and Credit  Agreement,  this Deed of Trust or any of the other
         Loan Documents,  (iv) the  performance of all of the terms,  covenants,
         conditions,  agreements,  obligations  and  liabilities  of First Party
         under this Deed of Trust,  the Second  Amended and  Restated  Revolving
         Note, the Note and Credit Agreement, any deeds of trust or mortgages in
         addition to this Deed of Trust now,  before or hereafter  made by First
         Party  to  secure  indebtedness  of First  Party to Third  Party or any
         portion  thereof,  any security  agreements,  supplemental  agreements,
         undertakings,  instruments,  documents  or other  writings  executed by
         First Party as a condition  to advances  under the Amended and Restated
         Revolving  Note,  the  Note  and  Credit  Agreement,  or  otherwise  in
         connection  with any  extension of credit to First  Party,  all chattel
         mortgages, pledges, powers of attorney, consents, assignments, notices,
         leases and financing statements  heretofore,  now or hereafter executed
         by or on behalf  of First  Party or any other  person or  delivered  to
         Third Party in connection with any indebtedness of First Party to Third
         Party and any extensions,  renewals,  replacements or  modifications of
         any of the foregoing  and/or the Amended and Restated  Revolving  Note,
         the Note and Credit  Agreement,  or any other  document  or  instrument
         executed or given by First Party to Third Party in connection  with the
         foregoing ("Loan Documents"), and (v) any obligations of First Party to
         Third Party or any affiliate or subsidiary of  BankAmerica  Corporation
         under an agreement or agreements between First Party and Third Party or
         any  affiliate  or  subsidiary  of  BankAmerica  Corporation,  whenever
         entered into,  under which the exposure of First Party to  fluctuations
         in interest rates is effectively limited, whether in the form of one or
         more interest rate cap, collar, or corridor  agreements,  interest rate

                                       2
<PAGE>

         swaps,  or the like, or options  therefor.  Hereinafter  the term "Loan
         Obligations"  shall  mean  all  of  the  documents,   indebtedness  and
         obligations of First Party to Third Party referred to above."

     3.4. The Original  Deed of Trust is further  amended by replacing the legal
description  contained in Exhibit A thereto with the legal description contained
in Exhibit B hereto.

4. Grant of Additional Lien. Grantor hereby GRANTS,  BARGAINS AND SELLS, CONVEYS
AND CONFIRMS unto the Trustee Grantor's Leasehold Estate under the Lease, in and
to the Premises,  including the Leasehold Estate in the Real Property  described
in Exhibit B,  attached  hereto  under the Lease (as that term has been  amended
herein), pursuant to the terms of the Original Deed of Trust, as amended hereby.

5.  Reaffirmation.  Grantor  hereby  acknowledges  and  confirms  that except as
expressly  amended  hereby the Original  Deed of Trust remains in full force and
effect and is enforceable  against Grantor in accordance with its terms,  except
to the extent that the enforceability  thereof against Grantor may be limited by
bankruptcy,  insolvency or other laws affecting the  enforceability of creditors
rights generally or by equity principles of general application.

6. Representation.  Grantor hereby represents and warrants that its execution of
this Amendment has been duly authorized by the members of Grantor and is binding
on Grantor.

         IN WITNESS WHEREOF,  the parties hereunto set their hand as of the date
and year first above written.



                                 ITEC ATTRACTIONS, INC., formerly
                                 International Tourist Entertainment Corporation

                                 By:_____________________________
                                 Name:___________________________
                                 Title:____________________________



                                 BANK  OF   AMERICA,   N.A.,
                                 formerly NationsBank, N.A.,
                                 formerly Boatmen's Bank of
                                 Southern Missouri


                                 By:______________________________
                                 Name:____________________________
                                 Title:_____________________________

                                       3
<PAGE>



STATE OF MISSOURI       )
                        )  SS.
COUNTY OF ____________  )

         On   this   _____   day   of   July,    2000,    before   me   appeared
____________________  ________________, to me personally known, who, being by me
duly sworn did say that he is the  ________________  of ITEC  Attractions,  Inc.
(the  "Corporation")  and that the within instrument was signed on behalf of the
Corporation by authority of its board of directors,  and acknowledged the within
instrument to be the free act and deed of the Corporation.

         IN WITNESS WHEREOF,  I have hereunto set my hand and affixed my seal in
the County and State aforesaid, the day and year last above written.

         ---------------------------------------------------
         Notary Public within and for said County and State


My Commission Expires: ___________________________



STATE OF MISSOURI       )
                        )  SS.
COUNTY OF ____________  )

         On   this   _____   day   of   July,    2000,    before   me   appeared
____________________  ________________, to me personally known, who, being by me
duly sworn did say that he is the  ________________ of Bank of America,  N.A., a
national  banking  association,  and that the  within  instrument  was signed on
behalf of Bank of America,  N.A. by  authority  of its board of  directors,  and
acknowledged  the  within  instrument  to be the  free  act and  deed of Bank of
America, N.A.

         IN WITNESS WHEREOF,  I have hereunto set my hand and affixed my seal in
the County and State aforesaid, the day and year last above written.

         ---------------------------------------------------
         Notary Public within and for said County and State


My Commission Expires: ___________________________



                                       4

<PAGE>



                                    EXHIBIT A
                                    ---------

Original Leasehold Parcel No. 1
-------------------------------

A parcel of land  located in the SE1/4 of the NW1/4 of Section  35,  Township 23
North, Range 22 West in Taney County,  Missouri,  more particularly described as
follows:  Commencing  at a 1/2" pin  found at the NW  corner of the SE1/4 of the
NW1/4 of Section 35,  Township 23 North,  Range 22 West;  thence South 00(0) 03'
16" West along the West line of the SE1/4 of the NW1/4 a distance of 706.83 feet
to a 1/2" iron pin  found on the North  right-of-way  of  Shepherd  of the Hills
Expressway;  thence  North 81(0) 09' 17" East a distance of 93.00 feet to a 1/2"
pin  LS2334  set on  the  North  right-of-way  line  of  Shepherd  of the  Hills
Expressway for a point of beginning;  thence North 05(0) 31' 05" West a distance
of 150.23  feet to a 1/2" pin  LS2334  set;  thence  North  35(0) 01' 25" East a
distance  of 148.21 feet to a 1/2" pin LS2334  set;  thence  North 84(0) 29' 14"
East a distance of 78.83 feet to a 1/2" pin LS2334 set;  thence  North 24(0) 28'
55" East a distance of 152.10 feet to a 1/2" pin LS2334 set;  thence North 20(0)
28' 49" West a distance  of 66.57 feet to a 1/2" pin LS2334  set;  thence  North
09(0) 28' 26" East a distance of 135.60  feet to a 1/2" pin LS2334  set;  thence
South  80(0) 31' 38" East a distance  of 293.46  feet to a 1/2" pin LS2334  set;
thence  South  08(0) 30' 30" East a distance  of 96.80 feet to a 1/2" pin LS2334
set;  thence  South  20(0) 31' 05" East a distance  of 160.73 feet to a 1/2" pin
LS2334 set;  thence  South 6(0) 10' 35" West a distance of 131.93 feet to a 1/2"
pin LS2334 set;  thence  South 08(0) 30' 30" East a distance of 128.48 feet to a
1/2"  pin  LS2334  set  at the  North  right-of-way  of  Shepherd  of the  Hills
Expressway and the beginning of a non-tangent  curve to the left having a radius
of 6705.89 feet, a central angle of 4(0) 57' 01" and a chord bearing South 84(0)
01' 57" West;  thence along said curve an arc length of 579.39 feet to the point
of beginning,  containing 5.54 acres, more or less.  Bearings are based upon the
West line of the  SE1/4 of the NW1/4 of  Section  35 being  South  00(0) 03' 16"
West.

                                       5

<PAGE>


                                    EXHIBIT B
                                    ---------

Original Leasehold Parcel No. 1
-------------------------------

A parcel of land  located in the SE1/4 of the NW1/4 of Section  35,  Township 23
North, Range 22 West in Taney County,  Missouri,  more particularly described as
follows:  Commencing  at a 1/2" pin  found at the NW  corner of the SE1/4 of the
NW1/4 of Section 35,  Township 23 North,  Range 22 West;  thence South 00(0) 03'
16" West along the West line of the SE1/4 of the NW1/4 a distance of 706.83 feet
to a 1/2" iron pin  found on the North  right-of-way  of  Shepherd  of the Hills
Expressway;  thence  North 81(0) 09' 17" East a distance of 93.00 feet to a 1/2"
pin  LS2334  set on  the  North  right-of-way  line  of  Shepherd  of the  Hills
Expressway for a point of beginning;  thence North 05(0) 31' 05" West a distance
of 150.23  feet to a 1/2" pin  LS2334  set;  thence  North  35(0) 01' 25" East a
distance  of 148.21 feet to a 1/2" pin LS2334  set;  thence  North 84(0) 29' 14"
East a distance of 78.83 feet to a 1/2" pin LS2334 set;  thence  North 24(0) 28'
55" East a distance of 152.10 feet to a 1/2" pin LS2334 set;  thence North 20(0)
28' 49" West a distance  of 66.57 feet to a 1/2" pin LS2334  set;  thence  North
09(0) 28' 26" East a distance of 135.60  feet to a 1/2" pin LS2334  set;  thence
South  80(0) 31' 38" East a distance  of 293.46  feet to a 1/2" pin LS2334  set;
thence  South  08(0) 30' 30" East a distance  of 96.80 feet to a 1/2" pin LS2334
set;  thence  South  20(0) 31' 05" East a distance  of 160.73 feet to a 1/2" pin
LS2334 set;  thence  South 6(0) 10' 35" West a distance of 131.93 feet to a 1/2"
pin LS2334 set;  thence  South 08(0) 30' 30" East a distance of 128.48 feet to a
1/2"  pin  LS2334  set  at the  North  right-of-way  of  Shepherd  of the  Hills
Expressway and the beginning of a non-tangent  curve to the left having a radius
of 6705.89 feet, a central angle of 4(0) 57' 01" and a chord bearing South 84(0)
01' 57" West;  thence along said curve an arc length of 579.39 feet to the point
of beginning,  containing 5.54 acres, more or less.  Bearings are based upon the
West line of the  SE1/4 of the NW1/4 of  Section  35 being  South  00(0) 03' 16"
West.

Lease Parcel No. 2 (Additional Parking)
---------------------------------------

A tract of land  situated  in the E1/2 of the NW1/4 of Section  35,  Township 23
North,  Range 22 West,  City of  Branson,  Taney  County,  Missouri,  being more
particularly described as follows:  Beginning at a 5/8" iron pin set by RLS 2190
marking the Northeast corner of the SE1/4 of the NW1/4 of said Section 35, being
the Northwest  corner of the Replat Commerce Park West Plat Book 22, at page 42,
a Commercial  Subdivision  plat recorded in Plat Book 26, at pages 76 through 79
of the records of Taney County, Missouri; thence North 89(0) 05' 52" West, along
the North  line of the  SE1/4 of the NW1/4 of said  Section  35, a  distance  of
616.85 feet to a point on the East line of proposed  parking lot for a New Point
of Beginning;  thence South 08(0) 03' 17" East, a distance of 28.96 feet; thence
South 81(0) 56' 43" West, a distance of 144.00 feet;  thence South 71(0) 44' 45"
West,  a distance of 20.40 feet;  thence North 80(0) 04' 26" West, a distance of
98.73 feet; thence South 09(0) 30' 57" West, a distance of 10.34 feet to a point
on the North line of the ITEC lease  property;  thence North 80(0) 46' 34" West,
along the North  line of the ITEC lease  property,  a  distance  of 27.35  feet;
thence  North 09(0) 55' 34" East,  a distance of 10.67 feet;  thence North 80(0)
04' 26" West,  a distance of 18.00  feet;  thence  North  09(0) 55' 34" East,  a
distance of 62.00 feet;  thence  South 80(0) 04' 26" East,  a distance of 117.00
feet,  thence  South 86(0) 56' 05" East,  a distance of 8.79 feet,  thence North
81(0) 56' 43" East, a distance of 162.00 feet;  thence South 08(0) 03' 17" East,
a distance of 33.04 feet; to the New Point of Beginning;  Containing  0.43 acres
of land, more or less.

                                       6
<PAGE>

Lease Parcel No. 3
------------------

A parcel of land  situated  in the N1/2 of the SE1/4 of the NW1/4 of Section 35,
Township  23  North,  Range  22  West,  in the city of  Branson,  Taney  County,
Missouri, being more particularly described as follows: Beginning at a 5/8" iron
pin set by RLS 2190 marking the Northeast corner of the SE1/4 of the NW1/4, said
point being the Northwest  corner of the Replat Commerce Park West Plat Book 22,
at page 42, a commercial  subdivision plat recorded in Plat Book 25, at pages 76
through 79 of the records of Taney County,  Missouri;  thence South 00(0) 05' 34
East along the West line of said Replat Commerce Park West Plat Book 22, at page
42, a distance of 538.60 feet to a point on the North  right-of-way  line of the
Shepherd  of the Hills  Expressway;  along the  North  right-of-way  line of the
Shepherd of the Hills Expressway as follows:  thence South 87(0) 34' 48" West, a
distance of 317.00 feet;  thence  Westerly along a 2.2228(0) curve to the right,
43.79 feet (said curve having a radius of 2455.00 feet);  thence South 88(0) 36'
07" West, a distance of 287.25 feet;  thence Westerly along a 1.6632(0) curve to
the left,  11.97 feet (said curve having a radius of 3445.00 feet) to a point on
the East  line of the ITEC  Property  Lease;  thence  North  08(0) 45' 26" West,
leaving the North  right-of-way line of the Shepherd of the Hills Expressway and
along the East line of the ITEC Property Lease, a distance of 109.84 feet to the
NEW  POINT OF  BEGINNING;  along  the East  line of the ITEC  Property  Lease as
follows:  thence  continuing North 08(0) 45' 26" West, a distance of 14.07 feet;
thence North 05(0) 55' 39" East,  a distance of 131.93 feet;  thence North 20(0)
46' 01" West,  a distance of 160.73  feet,  thence  North 08(0) 45' 26" West,  a
distance of 96.80 feet;  thence South 88(0) 34' 53" East,  leaving the East line
of the ITEC Property  Lease,  a distance of 101.49 feet;  thence South 20(0) 29'
32" East, a distance of 252.72 feet;  thence  Southerly along a 66.6230(0) curve
to the right,  125.18 feet (said curve  having a radius of 86.00  feet);  thence
South 62(0) 54' 26" West, a distance of 98.06 feet; thence Southwesterly along a
89.5247(0)  curve to the left,  1.13 feet (said  curve  having a radius of 64.00
feet) to the New Point of  Beginning;  containing  0.98  acres of land,  more or
less.



                                       7
<PAGE>