|   | (i) | As      of the Third Amendment Effective Date, deleting the Agreed Rate as the      rate of interest accruing on the unpaid balance of principal and      substituting in place of the Agreed Rate, rates based upon the Prime Rate      plus the Applicable Margin and rates, to be effective at the option of      Borrower, based on LIBO Rates plus the Applicable  Margin; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | Providing      for monthly payments of principal in the amount of Two Hundred Thousand      Dollars ($200,000.00) each; |
|--------|------|-------------------------------------------------------------------------------------------------------------------------|

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|   | (iii) | Restating      the definitions of Adjusted Fixed Charge Coverage Ratio and Senior      Leverage Ratio and making provision for Make Well      Contributions; |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | Modifying      the covenant requirements for the Senior Leverage Ratio      (Section 6.02) and the Adjusted Fixed Charge Coverage Ratio      (Section 6.03); |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (v) | Terminating      the Revolving Credit Facility and the L/C Facility;  and |
|--------|-----|---------------------------------------------------------------------------|

|   | (vi) | Providing      that no payment of principal or interest shall be permitted on any      Subordinated Debt that is used to fund a Make Well      Contribution. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | For      the fiscal period under review the sum of: (i) EBITDAM, less      (ii) the aggregate amount of actually paid Distributions, including,      without limitation, all Tax Distributions and interest on Subordinated      Debt actually paid, less (iii) the aggregate amount of Maintenance      Capital Expenditures to the extent not (a) deducted in the      determination of Net Income, or (b) financed from the proceeds of      permitted equity or subordinated indebtedness provided by CCI or any of      its Subsidiaries that does not constitute a Make Well Contribution, less      (iv) the aggregate amount of Management Fees paid in  cash |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      sum of: (i) actually paid Interest Expense, plus (ii) principal      payments or reductions (without duplication) required to be made on all      outstanding Indebtedness (exclusive of any principal payments which may      accrue, but are unpaid, under any Subordinated Debt and any principal      prepayments made from the proceeds of Make Well Contributions), plus      (iii) the current portion of Capitalized Lease Liabilities, in each      case of (i) through (iii) determined for the fiscal period under      review. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | "Senior Leverage      Ratio.  Commencing retroactively as of the Fiscal Quarter      ending September 30, 2008 and continuing as of each Fiscal Quarter end      until Bank Facilities Termination, the Borrower shall maintain a Senior      Leverage Ratio no greater than the ratios described hereinbelow as of the      end of each Fiscal Quarter in accordance with the following schedule, to      be calculated for a fiscal period consisting of each such Fiscal Quarter      and the most recently ended three (3) preceding Fiscal Quarters on a      rolling four (4) Fiscal Quarterbasis: |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Fiscal Quarter End                                                                                                                                              | Maximum SeniorLeverage Ratio    |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------|
| As      of the Fiscal Quarter ending September 30, 2008 through the Fiscal      Quarter ending June 30, 2009                                               | 4.25      to 1.00               |
| As      of the Fiscal Quarter ending September 30, 2009 through the Fiscal      Quarter ending December 31, 2009                                           |   4.00      to 1.00   |
| As      of the Fiscal Quarter ending March 31, 2010                                                                                                             |  3.75      to 1.00         |
| As      of the Fiscal Quarter ending June 30, 2010                                                                                                              |  3.50      to 1.00         |
| As      of the Fiscal Quarter ending September 30, 2010                                                                                                    |  3.25      to 1.00         |
| As      of the Fiscal Quarter ending December 31, 2010                                                                                                     |  3.00      to 1.00         |
| As      of the Fiscal Quarters ending March 31, 2011 and June 30,      2011                                                                           |  2.75      to 1.00         |
| As      of the Fiscal Quarter ending September 30, 2011 and as of each Fiscal      Quarter end thereafter occurring until Bank Facilities      Termination |         2.50 to 1.00" |

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|   | "Section      6.03.  Adjusted Fixed Charge      Coverage Ratio.  As of the Fiscal Quarters ending      December 31, 2009 and March 31, 2010, the Borrower shall      maintain an Adjusted Fixed Charge Coverage Ratio no less than 1.10 to      1.00.  Commencing as of the Fiscal Quarter ending June 30,      2010 and continuing as of each Fiscal Quarter end until Bank Facilities      Termination, the Borrower shall maintain an Adjusted Fixed Charge Coverage      Ratio no less than 1.15 to 1.00.  For purposes of clarity, there      shall be no minimum Adjusted Fixed Charge Coverage Ratio requirement for      the Fiscal Quarter ending September 30, 2008 through the Fiscal      Quarter ending September 30, 2009." |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | BORROWER:CC      TOLLGATE LLC,a      Delaware limited liability companyBy: CENTURY      CASINOS TOLLGATE, INC.,a      Delaware corporation,its      Managing Member By/s/ Larry HannappelLarry      Hannappel,CEO      and Secretary |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | GUARANTOR:CENTURY      CASINOS, INC.,a      Delaware corporation By /s/ Larry      Hannappel     Larry      Hannappel,     Senior      Vice President                                   |

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|   | AGENT      BANK: WELLS      FARGO BANK,National      Association,Agent      Bank, on behalf of theLenders      and L/C Issuer  By /s/ Erna      Stuckey     Erna      Stuckey,     Vice      President |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | BORROWER:CC      TOLLGATE LLC,a      Delaware limited liability company By:CENTURY      CASINOS TOLLGATE, INC.,a      Delaware corporation,its      Managing Member By /s/ Larry      Hannappel                                                                Larry      Hannappel,CEO      and Secretary |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| TO: | WELLS      FARGO BANK, National Association, |
|-----|----------------------------------------------|

| A.FF&E (Section 5.01): Please state      whether or not all FF&E has been purchased and installed in the Casino      Facility free and clear of all liens, encumbrances or claims, other than      Permitted Encumbrances. |              yes/no  |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------|

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| B.Liens Filed (Section      5.03):  Report any liens filed against the Casino Facility and      the amount claimed in such liens.  Describe actions being taken      with respect thereto.                                                                                                                                                                                                                                                               |                                  |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|
| C.Subordinated Debt and Management Fees      (Section 5.04):                                                                                                                                                                                                                                                                                                                                                                                                                      |                                  |
| a.Report      the amount of any payments made on the CCVLLC Subordinated Note during the      fiscal period under review:                                                                                                                                                                                                                                                                                                                                                         |                                  |
| Interest                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $______________                       |
| Principal                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | $______________                       |
| Requirement: Only allowed to      extent permitted in the Payment Subordination Agreement      (CCVLLC).                                                                                                                                                                                                                                                                                                                                                                          |                                  |
|  b.Report      the amount of payments made on the Management Agreement during the fiscal      period under review: Requirement:      Only allowed to extent permitted in the Management Subordination      Agreement.                                                                                                                                                                                                                                                        |   $______________           |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                  |
| c.Report      the amount of any payments made on all other Subordinated Debt during the      fiscal period under review:                                                                                                                                                                                                                                                                                                                                                          |                                  |
| Interest                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $______________                       |
| Principal                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | $______________                       |
| None      permitted.                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                  |
|  D.Additional Real Property      (Section 5.06): Attach a legal description of any other real property      or rights to the use of real property acquired subsequent to the Closing      Date which is used in any material manner in connection with the Casino      Facility and describe such use.  Attach evidence that such real      property or rights to the use of such real property has been added as      Collateral under the Credit Agreement. |     _____________ |

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| E.    Insurance (Section 5.09):                                                                                                                                                                                                                                                                                                                                               |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| a.Has      there been any change in the insurance coverages or the insurance      companies underwriting such insurance coverages since the last set of      certificates of insurance delivered to Agent Bank?                                                                                                                                                                              |   |
| b.Are      the insurance coverages in place as of the end of the Fiscal Quarter under      review in compliance with the requriements of      Section 5.09?                                                                                                                                                                                                                             |   |
| c.For      Annual Certificate:  Please complete the Insurance Schedule set      forth below and list all currently effective insurance policies, including      reference to the policy number, policy expiration date and reference to      each policy maintained under subsection of Section 5.09 of the Credit      Agreement.  Attach a separate sheet ifnecessary. |   |

|      |  Insurance      Schedule |           |
|-----------|-------------------------------|----------------|
| PolicyNo. | Issuer                        | ExpirationDate |
|      |                          |           |
|      |                          |           |
|      |                          |           |

| F.Permitted Encumbrances (Section 5.11):      Describe any Lien attachment, levy, distraint or other judicial process or      burden affecting the collateral other than the Permitted      Encumbrances.  Describe any matters being contested in the      manner described in Sections 5.03 and 5.10 of the Credit      Agreement.                                                                                                                              |    _____________ |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------|
| G.Suits or Actions (Section      5.17):  Describe on a separate sheet any matters requiring      advice to Banks under Section 5.17.                                                                                                                                                                                                                                                                                                                              |  _____________             |
| H.Tradenames, Trademarks and Servicemarks      (Section 5.19): Describe on a separate sheet any matters requiring advice      to Banks under Section 5.19.                                                                                                                                                                                                                                                                                                             |  ______________            |
| I.Notice of Hazardous Materials (Section      5.20): State whether or not to your knowledge there are any matters      requiring notice to Agent Bank under Section 5.20.  If so,      attach a detailed summary of such matter(s).                                                                                                                                                                                                                          |  ______________            |
|  J.Compliance with Management Agreement      (Section 5.22):  Describe all defaults, if any, which      occurred during the period under review under the Management      Agreement.  Describe any modifications or amendments to the      Management Agreement.  State whether or not such modifications      or amendments have been consented to by Agent Bank as required under      Section 5.22 of the Credit Agreement. |                            |

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| A. Intentionally      omitted.                                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                                                                                                             |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  B. Senior Leverage Ratio      (Section 6.02):  To be calculated with reference to the Borrower      as of the last day of each Fiscal Quarter commencing with the Fiscal      Quarter ending September 30, 2008, to be calculated for a fiscal period      consisting of each such Fiscal Quarter and the most recently ended three      (3) preceding Fiscal Quarters on a rolling four (4) Fiscal Quarter      basis: |                                                                                                                                                                             |
|  SENIOR      FUNDED DEBT:                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                             |
| a. The      amount of Funded C/T Outstandings as of the last day of the Fiscal Quarter      under review.                                                                                                                                                                                                                                                                                                                               | +      $                             |
|  b. Plus      the total, as of the last day of the Fiscal Quarter under review, of both      the long-term and current portions (without duplication) of all other      interest bearing Indebtedness (including Contingent Liabilities, but      excluding all Indebtedness owing to the Subordinated Lenders under the      Subordinated Debt and excluding accrued but unpaid Management      Fees).                            |    + $                                                                                                                                                       |
|  c. Plus      the total, as of the last day of the Fiscal Quarter under review of both      the long-term and current portions (without duplication) of all      Capitalized Lease Liabilities.                                                                                                                                                                                                                                    |  + $                                                                                                                                                                   |
|  d. Less      the aggregate amount of any Make Well Contributions applicable to the end      of the Fiscal Quarter under review                                                                                                                                                                                                                                                                                                    |  -  $                                                                                                                                                             |
|  e. TOTAL      SENIOR DEBT(a      + b + c - d)                                                                                                                                                                                                                                                                                                                                                                                     |  $                                             |

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| Divided      (/) by:                                                                                                                                                                                                                          | /                                                                                                                                                                                                                                  |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  EBITDAM                                                                                                                                                                                                                                 |                                                                                                                                                                                                                               |
| f. Net      Income, including Device Fee Rebates actually received.                                                                                                                                                                      | $                                                                                                     |
|  g. Plus      Interest Expense (expensed and capitalized) to the extent deducted in the      determination of Net Income.                                                                                                           |  + $___________                                                                                                                                                                                                          |
|  h. Plus      the aggregate amount of federal and state taxes on or measured by income      for the period under review (whether or not payable during such period) to      the extent deducted in the determination of Net Income. |   + $                                                                                                                                                                                                               |
|  i. Plus      depreciation, amortization and all other non-cash expenses for the period      under review to the extent deducted in the determination of Net      Income.                                                           |   + $                                                                                                                                                                                                               |
|  j. Less      all cash and non-cash income (including, but not limited to, interest      income), transfers, loans and advances from CCI or any of its Subsidiaries      to the extent added in the determination of Net Income.    |   -  $                                                                                                                                                                                                         |
|  k. Less      all other non-cash income from any source not specified in (j) above to      the extent added in the determination of Net Income.                                                                                     |   -  $                                                                                                                                                                                                         |
|  l. Plus      Management Fees to the extent deducted in the determination of Net      Income.                                                                                                                                       |  + $                                                                                                                                                                                                                     |
|  m. Total      EBITDAM(f      + g + h + i - j - k + l)                                                                                                                                                                              |                                                                                                                                                                                                                               |
|  n. Senior      Leverage Ratio(e/m)                                                                                                                                                                                                 |             :1.0                          |

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| Maximum    Permitted:                                                                                                                                           |                         |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------|
|  Fiscal Quarter End                                                                                                                                        | Maximum SeniorLeverage Ratio |   |
| As      of the Fiscal Quarter ending September 30, 2008 through the Fiscal      Quarter ending June 30, 2009                                               |  4.25      to 1.00      |   |
| As      of the Fiscal Quarter ending September 30, 2009 through the Fiscal      Quarter ending December 31, 2009                                      |  4.00      to 1.00      |   |
| As      of the Fiscal Quarter ending March 31, 2010                                                                                                             | 3.75      to 1.00            |   |
| As      of the Fiscal Quarter ending June 30, 2010                                                                                                              | 3.50      to 1.00            |   |
| As      of the Fiscal Quarter ending September 30, 2010                                                                                                    | 3.25      to 1.00            |   |
| As      of the Fiscal Quarter ending December 31, 2010                                                                                                     | 3.00      to 1.00            |   |
| As      of the Fiscal Quarters ending March 31, 2011 and June 30,      2011                                                                           | 2.75      to 1.00            |   |
| As      of the Fiscal Quarter ending September 30, 2011 and as of each Fiscal      Quarter end thereafter occurring until Bank Facilities      Termination |  2.50      to 1.00      |   |

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| C. Adjusted Fixed Charge Coverage Ratio      (Section 6.03): Commencing as of the Fiscal Quarter ending      December 31, 2009 and continuing as of each Fiscal Quarter end until      Bank Facilities Termination, the Borrower shall maintain an Adjusted Fixed      Charge Coverage Ratio no less than the ratios set forth below, to be      calculated for a fiscal period consisting of each such Fiscal Quarter and      the most recently ended three (3) preceding Fiscal Quarters on a rolling      four (4) Fiscal Quarter basis: |                                                                                                                                                                |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  Numerator                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                |
| a. Total      EBITDAM(Enter      II B(m) above).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  $                                |
|  b. Less      the aggregate amount of actually paid Distributions, including, without      limitation, all Tax Distributions and interest on Subordinated Debt      actually paid.                                                                                                                                                                                                                                                                                                                                                                |   - $                                                                                                                                                |
|  c. Less      the aggregate amount of Maintenance Capital Expenditures to the extent not      (i) deducted in the determination of Net Income, or      (ii) financed from the proceeds of permitted equity or subordinated      indebtedness provided by CCI or any of its Subsidiaries that does not      constitute a Make Well Contribution.                                                                                                                                                                                         |   - $                                                                                                                                                |
|  d. Less      the aggregate amount of Management Fees paid in cash.                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  - $                                                                                                                                                      |
|  e. Total      Numerator(a      - b - c - d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   $                          |
|  Divided      (/) by the sum of:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                |

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|  Denominator                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  f. The      aggregate amount of actually paid Interest Expense.                                                                                                                                                                                                                                                                                                        |  $                                                                                                   |
|  g. Plus      the aggregate amount of actually paid principal payments or reductions      (without duplication) required to be made on all outstanding Indebtedness      (exclusive of any principal payments which may accrue, but are unpaid,      under any Subordinated Debt and any principal prepayments made from the      proceeds of Make Well Contributions). |    + $                                                                                                                                                                                                             |
|  h. Plus      the current portion of Capitalized Lease Liabilities.                                                                                                                                                                                                                                                                                                     |  + $                                                                                                                                                                                                                         |
|  i. Total      Denominator(f      + g + h)                                                                                                                                                                                                                                                                                                                              |   $                                                                                             |
|  Adjusted      Fixed Charge Coverage Ratio (e/i)                                                                                                                                                                                                                                                                                                                             |              :1                          |
|  Minimum      required:  For the Fiscal Quarters ending December 31, 2009      and March 31, 2010, no less than 1.10 to 1.00.                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                   |
| For      the Fiscal Quarter ending June 30, 2010 and as of the end of each Fiscal      Quarter thereafter, no less than 1.15 to 1.00.                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                   |
| Note:  There      is no requirement for the Fiscal Quarters ending September 30, 2008      through September 30, 2009.                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                   |
|  D. Intentionally      omitted.                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                   |
|  E. Limitation on Indebtedness (Section      6.05):                                                                                                                                                                                                                                                                                                                     |                                                                                                                                                                                                                                   |
|  a. Set      forth the aggregate amount of Secured Interest RateHedges.                                                                                                                                                                                                                                                                                                 |  $                                                                                                   |
| Maximum      Permitted: $22,500,000.00                                                                                                                                                                                                                                                                                                                                            |                                                                                                                                                                                                                                   |
|  b. Set      forth the aggregate amount of:                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                   |
| (i)Secured      purchase money Indebtedness                                                                                                                                                                                                                                                                                                                                       | $                                                                                                         |
| (ii)           Capital      Lease Liabilities                                                                                                                                                                                                                                                                              | $                                                                                                         |
| Total                                                                                                                                                                                                                                                                                                                                                                             | $                                                                                                         |
| Maximum      aggregate permitted under Section 6.05(d): $500,000.00                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                   |

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|  c. Set      forth aggregate amount of Unsecured Indebtedness (other than trade      payables and Subordinated Debt).                                                                                                                                                                                                                                   |  $                                |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Maximum      Permitted: $1,000,000.00                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                |
|  d. Set      forth the aggregate amount of Subordinated Debt owing by the      Borrower                                                                                                                                                                                                                                                                 |  $                                |
|  e. Set      forth amount of Subordinated Debt, if any, which is notCCVLLC Subordinated Debt or CCI Subordinated Debt.                                                                                                                                                                                                                                  |  $                                |
|  f. Set      forth the amount of Subordinated Debt received by Borrower during the      Fiscal Quarter under review, the proceeds of which were applied as a Make      Well Contribution.                                                                                                                                                               |   $                          |
|  (i)Set      forth the date upon which Borrower applied the proceeds thereof as a      principal prepayment on the C/T Loan.                                                                                                                                                                                                                                 |  yes/no                                                                                                                                                        |
|  g. Set      forth the amount and a brief description of any Indebtedness of the      Borrower not permitted under Section 6.05.                                                                                                                                                                                                                        |  $                                |
|  F. Restriction on Distributions (Section      6.06):                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                |
|  a. Set      forth aggregate amount of Distributions made by Borrower.                                                                                                                                                                                                                                                                                  |  $                                |
|  b. Set      forth aggregate amount of payments on Subordinated Debt.                                                                                                                                                                                                                                                                                   |  $                                |
|  c. Set      forth aggregate amount of paid Management Fees.                                                                                                                                                                                                                                                                                            |  $                                |
|  Requirements:                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                |
|  Attach      on a separate sheet a pro forma calculation of the Adjusted Fixed Charge      Coverage Ratio of the Borrower as of the most recently ended Fiscal      Quarter prior to the Fiscal Quarter under review, based on the assumption      that such Distributions (including Tax Distributions) had occurred during      such prior Fiscal Quarter. |                                                                                                                                                                |
|  Set      forth the Pro Forma Adjusted Fixed Charge Coverage Ratio                                                                                                                                                                                                                                                                                           |              :1.00                                                                                 |
|  Must      not be less than coverages required under Section 6.03.                                                                                                                                                                                                                                                                                           |                                                                                                                                                                |
|  None      permitted (other than Tax Distributions to the extent that actual tax      liability of its members is created on the taxable income of the Borrower)      until Borrower realizes a Senior Leverage Ratio less than 3.00 to 1.00 for      two (2) consecutive Fiscal Quarters.                                                                   |                                                                                                                                                                |

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|  G. Capital Expenditures      Requirements  (Section 6.07):                                                                                                                                                                                                                                                      |                                                                                                                                                                |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| a. Commencing      as of the first full Fiscal Quarter ending subsequent to the Term Out Date      and continuing as of each Fiscal Quarter end until Bank Facilities      Termination, set forth the aggregate amount of Maintenance Capital      Expenditures to the Casino Facility during the Fiscal Year under      review |   $                          |
|  b. Set      forth the amount of prior Fiscal Year gross gaming    revenues.                                                                                                                                                                                                                                               |  $                                |
|  Minimum      Maintenance Cap Ex Requirement:                                                                                                                                                                                                                                                                                   |                                                                                                                                                                |
| Fiscal Quarter End                                                                                                                                                                                                                                                                                                                   | Minimum MaintenanceCap Ex Requirement                                                                                                                               | Maximum MaintenanceCap Ex Limit |   |
| As      of the first (1st)      through fourth (4th)      Fiscal Quarter ends occurring subsequent to the Term Out    Date                                                                                                                                                                                                           | 1.0%                                                                                                                                                                | 6.0% |   |
| As      of the fifth (5th)      through eighth (8th)      Fiscal Quarter ends occurring subsequent to the Term Out    Date                                                                                                                                                                                                           | 1.5%                                                                                                                                                                | 6.0% |   |
| As      of the ninth (9th)      through twelfth (12th)      Fiscal Quarter ends occurring subsequent to the Term Out Date and as of      each four consecutive Fiscal Quarter period ending thereafter until Bank      Facilities Termination                                                                                        | 2.0%                                                                                                                                                                | 6.0% |   |
|  Maximum      Maintenance Cap Ex Limits:                                                                                                                                                                                                                                                                                        |                                                                                                                                                                |
| 6%      of prior Fiscal Year gross gaming revenues.                                                                                                                                                                                                                                                                                  |                                                                                                                                                                |

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| H. Contingent Liabilities (Section      6.08):                                                                                                                                          |                                                                                                                                                          |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  a. Set      forth the cumulative aggregate amount of Contingent Liabilities incurred      by the Borrower.                                                                        |  $                          |
|  Maximum      allowed: None without prior written consent of Requisite      Lenders.                                                                                                    |                                                                                                                                                          |
|  I. Investment Restrictions (Section      6.09):                                                                                                                                   |                                                                                                                                                          |
| a. Set      forth the date, amount and a brief description of each Investment made by      the Borrower not permitted under Section 6.09.                                               |  $                          |
|  J. Total Liens (Section 6.10):  On a      separate sheet describe in detail any and all Liens on any assets of the      Borrower not permitted      under Section 6.10. |                                                                                                                                                          |
|  K. Change of Control (Section      6.11):  State whether or not a Change of Control has      occurred.                                                                  |  yes/no                                                                                                                                                  |
|  L. Sale of Assets, Consolidation, Merger or      Liquidation (Section 6.12):                                                                                                      |                                                                                                                                                          |
| a. On      a separate sheet describe any and all mergers, consolidations,      liquidations and/or dissolutions not permitted under Section      6.12.                                  |                                                                                                                                                          |

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| b. With      respect to the determination of Excess Capital Proceeds, please set forth      the amount of Net Proceeds received by the Borrower during the current      Fiscal Year from the disposition of FF&E and other items of Collateral      which have not been replaced with purchased or leased FF&E of      equivalent value and utility. |                                                                                                                                                                |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  Requirement:      On or before 30 days following such disposition, must make a Mandatory      Prepayment for amount of Excess Capital Proceeds in excess of $10,000      during any Fiscal Year.                                                                                                                                                            |                                                                                                                                                                |
|  M. ERISA (Section 6.13): Describe on a      separate sheet any matters requiring notice to Agent Bank under Section      6.13.                                                                                                                                                                                                                         |                                                                                                                                                                |
|  N. Margin Regulations (Section 6.14): Set      forth the amount(s) of and describe on a separate sheet of paper any      proceeds of the Bank Facilities used by Borrower in violation of Section      6.14.                                                                                                                                           |   $                          |
| O. Transactions with Affiliates (Section      6.15): Describe on a separate sheet any transactions with Affiliates not      permitted under Section 6.15.                                                                                                                                                                                               |                                                                                                                                                                |
|  P. Limitation on Subsidiaries (Section 6.16):      On a separate sheet, describe any Subsidiaries created by      Borrower.  State whether or not the creation of such      Subsidiaries has been consented to by the Requisite Lenders as required      under Section 6.16 of the Credit Agreement.                                    |                                                                                                                                                                |

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|   | CC      TOLLGATE LLC,a      Delaware limited liability company By:      CENTURY CASINOS TOLLGATE, INC., a Delaware corporation,Its      Managing Member By      ___________________________Larry      Hannappel,CEO      and Secretary |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| TO: | WELLS      FARGO BANK, National Association, in its capacity as Agent Bank under that      certain Credit Agreement, dated as of November 18, 2005, as amended by      First Amendment to Credit Agreement dated as of June 28, 2006, by Second      Amendment to Credit Agreement dated as of February 28, 2007, and by      Third Amendment to Credit Agreement dated November 6, 2008 (as may be      further amended, supplemented or otherwise modified from time to time, the      "Credit Agreement"), by and among CC TOLLGATE LLC, a Delaware limited      liability company (the "Borrower"), the Lenders therein named (each,      together with their respective successors and assigns, individually being      referred to as a "Lender" and collectively as the "Lenders") and WELLS      FARGO BANK, National Association, as administrative and collateral agent      for the Lenders (herein, in such capacity, called the "Agent Bank" and,      together with the Lenders, collectively referred to as the      "Banks").  Capitalized terms used herein without definition      shall have the meanings attributed to them in Section 1.01 of the Credit      Agreement. |
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|   | 1. | ($____________)      of the presently outstanding principal amount of the C/T    Loan; |
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|   | 2. | and      presently being maintained as [Prime Rate Loan] [LIBOR Loan having an      Interest Period ending on ___________________,  20___]; |
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|   | 3. | be      [Converted into] [continued as]; |
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|   | 4. | [LIBOR      Loan having an Interest Period of __________ months] [Prime Rate Loan] as      of ___________, 20___. |
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|   | BORROWER:CC      TOLLGATE LLC,a      Delaware limited liability company By:CENTURY      CASINOS TOLLGATE, INC.,a      Delaware corporation,its      Managing Member By                                                                Larry      Hannappel,CEO      and Secretary |
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