Document:

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                      (FACE OF REGISTERED GLOBAL SECURITY)

                           REGISTERED GLOBAL SECURITY

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A
NOMINEE THEREOF. TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS
IN WHOLE, BUT NOT IN PART, TO NOMINEES OF THE DEPOSITARY OR TO A SUCCESSOR
THEREOF OR SUCH SUCCESSOR'S NOMINEE OR TO THE DEPOSITARY BY A NOMINEE OF THE
DEPOSITARY AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO
TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE
REFERRED TO ON THE REVERSE HEREOF.

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK "DTC"), TO THE
ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER ENTITY
AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
INTEREST HEREIN.

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                DAIMLERCHRYSLER NORTH AMERICA HOLDING CORPORATION

                   DAIMLERCHRYSLER NORTH AMERICA INTERNOTE(R)

                  IRREVOCABLY AND UNCONDITIONALLY GUARANTEED BY

                               DAIMLERCHRYSLER AG

REGISTERED                                                   CUSIP NO. _________
NUMBER ____________

PRINCIPAL AMOUNT:

$______________

ORIGINAL ISSUE DATE:            INTEREST RATE BASIS:         MATURITY DATE:

                                ____________________
                                If LIBOR: [ ] LIBOR Telerate Page:
                                          [ ] LIBOR Reuters Page:

ISSUE PRICE (expressed as a percentage         INTEREST PAYMENT FREQUENCY
of aggregate principal amount):                   (check applicable):

____________%                                  [ ] Monthly         [ ] Quarterly
                                               [ ] Semi-annually   [ ] Annually

SPREAD:       %                 SPREAD MULTIPLIER:

INDEX MATURITY:                 INITIAL INTEREST RATE: %  INTEREST RATE
                                                          CALCULATION:

CALCULATION AGENT (if           INTEREST RESET DATES:     INTEREST DETERMINATION
other than the Trustee):                                  DATES:

INTEREST RESET PERIOD:

MAXIMUM INTEREST RATE:                         MINIMUM INTEREST RATE:

REDEMPTION RIGHT: [ ] Yes

INITIAL REDEMPTION              INITIAL REDEMPTION        ANNUAL REDEMPTION
DATE:                           PERCENTAGE:    %          PERCENTAGE
                                                          REDUCTION:   %

SURVIVOR'S OPTION: [ ] Yes (If yes, the attached Survivor's Option Rider is
incorporated into this Security)

                                       2

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MINIMUM DENOMINATIONS: $_________________________________ (if other than $1,000)

OTHER/ADDITIONAL PROVISIONS

                                       3

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            THE TERMS OF THE PRICING SUPPLEMENT ATTACHED HERETO (THE "PRICING
SUPPLEMENT") ARE INCORPORATED HEREIN BY REFERENCE AND TO THE EXTENT INCONSISTENT
HEREWITH SUPERCEDE THE PROVISIONS OF THIS SECURITY.

            DaimlerChrysler North America Holding Corporation, a Delaware
corporation (the "Issuer," which term includes any successor corporation under
the Indenture referred to on the reverse hereof), for value received, hereby
promises to pay to CEDE & CO., as nominee for The Depository Trust Company, 55
Water Street, New York, New York 10041 or registered assigns, the Principal
Amount stated above or in the Pricing Supplement attached hereto. In addition,
the Issuer promises to pay interest on the Principal Amount stated above or in
the Pricing Supplement attached hereto from the Original Issue Date stated above
or in the Pricing Supplement attached hereto, or from the most recent Interest
Payment Date for which interest has been paid or duly provided, but not
including the applicable Interest Payment Date or date of Maturity, as the case
may be, pursuant to the applicable provisions specified on the reverse hereof,
in the attached Pricing Supplement and in the Indenture, until the principal
hereof is paid or made available for payment as follows: the Interest Payment
Dates for a Security that provides for monthly interest payments shall be the
fifteenth day of each calendar month commencing in the calendar month that next
succeeds the month of the Original Issue Date; in the case of a Security that
provides for quarterly interest payments, the Interest Payment Dates shall be
the fifteenth day of each third month commencing in the third succeeding
calendar month following the month of the Original Issue Date; in the case of a
Security that provides for semi-annual interest payments, the Interest Payment
Dates shall be the fifteenth day of each sixth month commencing in the sixth
succeeding calendar month following the month of the Original Issue Date; and in
the case of a Security that provides for annual interest payments, the Interest
Payment Dates shall be the fifteenth day of every twelfth month commencing in
the twelfth succeeding calendar month following the month of the Original Issue
Date.

            Unless otherwise specified herein or in the attached Pricing
Supplement, interest on this Security will be payable on each Interest Payment
Date and at Maturity. "Maturity" means the date at which the principal of this
Security becomes due and payable in full in accordance with its terms and the
terms of the Indenture, whether at Stated Maturity, if any, or earlier by
declaration of acceleration, call for redemption, repayment or otherwise. Unless
otherwise specified herein or in the attached Pricing Supplement, interest,
other than defaulted interest which may be paid on a special record date in
accordance with the applicable provisions of the Indenture, will be payable to
the Holder at the close of business on the Regular Record Date next preceding
such Interest Payment Date. However, interest payable at Maturity will be
payable to the person to whom principal shall be payable. Unless otherwise
specified herein or in the attached Pricing Supplement, the first payment of any
interest on a Security originally issued between a Regular Record Date for such
Security and the succeeding Interest Payment Date will be made on the Interest
Payment Date following the next succeeding Regular Record Date for such Security
to the Holder on such next Regular Record Date.

            Unless otherwise specified herein or in the attached Pricing
Supplement, payments of interest on this Security with respect to any Interest
Payment Date will include interest accrued from and including the Original Issue
Date, or the next preceding Interest Payment Date, to but excluding the
applicable Interest Payment Date or the date of Maturity.

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            Unless otherwise specified herein or in the attached Pricing
Supplement, the Regular Record Dates with respect to this Security will be the
15th day (whether or not a Business Day) next preceding each Interest Payment
Date.

            Unless otherwise specified herein or in the attached Pricing
Supplement, "Business Day" means any day, other than a Saturday or Sunday, that
is neither a legal holiday nor a day on which commercial banks are authorized or
required by law, regulation or executive order to close in The City of New York;
provided, however, that with respect to LIBOR Notes (as defined herein), the day
is also a London Business Day.

            Unless otherwise specified herein or in the attached Pricing
Supplement, "London Business Day" means any day on which dealings in deposits in
United States Dollars are transacted in the London interbank market.

            The principal of and interest on this Security are payable in
immediately available funds in United States Dollars at the office or agency of
the Issuer designated as provided in the Indenture; provided, however, that
interest may be paid, at the option of the Issuer, by check mailed to the person
entitled thereto at his address last appearing on the registry books of the
Issuer relating to the Securities.

            The Issuer will appoint and at all times maintain a Paying Agent
authorized by the Issuer to pay the principal of (and premium, if any) and
interest, if any, on Securities of this series on behalf of the Issuer and
having an office or agency in The City of New York, where Securities of this
series may be presented or surrendered for payment and where notices,
designations or requests in respect of payments with respect to Securities of
this series may be served. The Issuer has initially appointed JPMorgan Chase
Bank, N.A. as such Paying Agent, with its Principal Office currently at 4 New
York Plaza, New York, New York 10004, Attention: Capital Markets Fiduciary
Services. The Issuer will give prompt written notice to the Trustee of any
change in such appointment.

            REFERENCE IS MADE TO THE FURTHER PROVISIONS OF THIS SECURITY SET
FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL HAVE THE SAME EFFECT
AS THOUGH FULLY SET FORTH AT THIS PLACE.

            In the event of any conflict between the provisions stated herein,
or the provisions incorporated herein by reference and/or the provisions set
forth in the attached Pricing Supplement, the provisions in the attached Pricing
Supplement will prevail.

            Terms used in this Security and not defined herein shall have the
meaning assigned to them in the attached Pricing Supplement or, if not defined
in the attached Pricing Supplement, in the Indenture.

            Unless the certificate of authentication hereon has been executed by
the Trustee, directly or through an Authenticating Agent, by manual signature of
an authorized signatory, this Security shall not be entitled to any benefit
under the Indenture or be valid or obligatory for any purpose.

                                       5

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            IN WITNESS WHEREOF, the Issuer has caused this Instrument to be duly
executed.

Dated:                                             DAIMLERCHRYSLER NORTH AMERICA
                                                      HOLDING CORPORATION

                                                   By: _________________________
                                                       Name:
                                                       Title:

                                       6

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                          CERTIFICATE OF AUTHENTICATION

            This is one of the Securities of the series designated in and issued
under the within-mentioned Indenture.

Dated:_____________

                                                   JPMORGAN CHASE BANK, N.A.,
                                                   as Trustee

                                                   By: _________________________
                                                         Authorized Signatory

                                                   [If this Certificate of
                                                   Authentication is executed by
                                                   an Authenticating Agent the
                                                   following is deemed inserted:

                                                   By: _________________________
                                                        As Authenticating Agent]

                                                   By: _________________________
                                                         Authorized Signatory

                                       7

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                     [Reverse of Registered Global Security]

                DAIMLERCHRYSLER NORTH AMERICA HOLDING CORPORATION

                   DAIMLERCHRYSLER NORTH AMERICA INTERNOTE(R)

                  IRREVOCABLY AND UNCONDITIONALLY GUARANTEED BY

                               DAIMLERCHRYSLER AG

            This global Security is one of a duly authorized series of
Securities of DaimlerChrysler North America Holding Corporation, a Delaware
corporation, as issuer ("DCNAH" or the "Issuer") designated as "DaimlerChrysler
North America InterNotes(R)", initially limited to $5,000,000,000 in principal
amount (the "Notes") issued and to be issued under an Indenture dated as of
September 16, 1996, as amended by a first supplemental indenture dated December
21, 1998 (the "Indenture"), among Daimler-Benz North America Corporation (now
DaimlerChrysler North America Holding Corporation), Daimler-Benz Canada, Inc.
(now DaimlerChrysler Canada Finance Inc.), Daimler-Benz International Finance
B.V. (now DaimlerChrysler International Finance B.V.), Daimler-Benz
Aktiengesellschaft (succeeded by DaimlerChrysler AG), as guarantor (the
"Guarantor") and The Chase Manhattan Bank (now JPMorgan Chase Bank, N.A.), as
trustee (the "Trustee," which term includes any successor trustee under the
Indenture), to which Indenture and all indentures supplemental thereto reference
is hereby made for a statement of the respective rights thereunder of the
Issuer, the Guarantor, the Trustee and the Holders of the Securities, and the
terms upon which the Securities are, and are to be, authenticated and delivered.
JPMorgan Chase Bank, N.A., also serves as Registrar and as Paying Agent in
connection with the Securities. The Notes are unconditionally and irrevocably
guaranteed (each a "Guarantee" and together with the Notes, the "Securities") by
DaimlerChrysler AG. The amount of the series of Securities may be increased or
decreased at any time by the Issuer. The Securities may bear different dates,
mature at different times, bear interest at different rates and vary in such
other ways as are provided in the Indenture.

            Unless otherwise specified herein or in the attached Pricing
Supplement, this Security will not be subject to any sinking fund.

            Subject to the applicable provisions of law and the attached Pricing
Supplement, this Security shall be subject to the following provisions as
applicable:

            Fixed Rate Note

            If this Security is a Fixed Rate Note, unless otherwise specified
herein or in the attached Pricing Supplement, each Fixed Rate Note will bear
interest from its Original Issue Date or from the most recent Interest Payment
Date to which interest on such Fixed Rate Note has been paid or duly provided
for at the interest rate per year specified herein or in the attached Pricing
Supplement until the principal hereof is paid or made available for payment.
Unless otherwise specified herein or in the attached Pricing Supplement,
interest on the Fixed Rate Notes will be computed on the basis of a 360-day year
of twelve 30-day months.

                                       8

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            Unless otherwise specified herein or in the attached Pricing
Supplement, if any Interest Payment Date or the date of Maturity for any Fixed
Rate Note falls on a day that is not a Business Day, payment of principal of
(and premium, if any), and interest, if any, with respect to such Fixed Rate
Note will be made on the next succeeding Business Day with the same force and
effect as if made on the due date, and no interest shall be payable on the date
of payment for the period from and after the due date.

            Floating Rate Notes

            If this Security is a Floating Rate Note, unless otherwise specified
herein or in the attached Pricing Supplement, each Floating Rate Note will bear
interest at a rate determined by reference to one or more interest rate bases
(each an "Interest Rate Basis"), which may be adjusted by adding to or
subtracting from the Interest Rate Basis a Spread and/or by multiplying the
Interest Rate Basis by a Spread Multiplier. The "Spread" is the number of basis
points (i.e., one one-hundredth of a percentage point) specified herein or in
the attached Pricing Supplement to be added to or subtracted from the Interest
Rate Basis of such Note, and the "Spread Multiplier" is the factor specified
herein or in the attached Pricing Supplement as a positive or negative
adjustment to the Interest Rate Basis for such Note. Unless otherwise specified
herein or in the attached Pricing Supplement, the attached Pricing Supplement
will designate one or more of the following Interest Rate Bases as applicable to
each Floating Rate Note: (a) LIBOR (a "LIBOR Note"), (b) the Federal Funds Rate
(a "Federal Funds Rate Note"), (c) the Treasury Rate (a "Treasury Rate Note"),
(d) the Prime Rate (a "Prime Rate Note"), or (e) such other Interest Rate Basis
or interest rate formula as is set forth in the attached Pricing Supplement.

            Unless otherwise specified herein or in the attached Pricing
Supplement, each Floating Rate Note will bear interest from its Original Issue
Date to the first Interest Reset Date (as defined below) for such Floating Rate
Note at the Initial Interest Rate (the "Initial Interest Rate") specified herein
or in the attached Pricing Supplement. Thereafter, unless otherwise specified
herein or in the attached Pricing Supplement, the interest rate on each Floating
Rate Note for each Interest Reset Period (as defined below) will be equal to the
interest rate calculated by reference to the Interest Rate Basis or Bases
specified herein or in the attached Pricing Supplement plus or minus the Spread,
if any, and/or multiplied by the Spread Multiplier, if any.

            The Issuer will appoint an agent (a "Calculation Agent") to
calculate interest rates on Floating Rate Notes. Unless otherwise specified
herein or in the attached Pricing Supplement, the Calculation Agent for each
Floating Rate Note will be JPMorgan Chase Bank, N.A. All determinations to be
made by the Calculation Agent shall be at its sole discretion and shall, in the
absence of manifest error, be conclusive for all purposes and binding on all
Holders and beneficial owners of Notes.

            Unless otherwise specified herein or in the attached Pricing
Supplement, the interest rate on each Floating Rate Note will be reset daily,
weekly, monthly, quarterly, semi-annually or annually, or at such other
intervals (such type or period being the "Interest Reset Period" for such Note),
in each case as specified herein or in the attached Pricing Supplement, and such
interest rate will be reset on the Interest Reset Dates specified herein or in
the attached Pricing Supplement (the first date upon which the reset interest
rate becomes effective for an Interest Reset Period is an "Interest Reset
Date"). The interest rate in effect from the Original

                                       9

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Issue Date to the first Interest Reset Date will be the Initial Interest Rate
specified herein or in the attached Pricing Supplement for such Floating Rate
Note. The interest rate for a Floating Rate Note during an Interest Reset Period
will be applicable from and including the related Interest Reset Date to but
excluding the next Interest Reset Date or until such Note's Maturity.

            Unless otherwise specified herein or in the attached Pricing
Supplement, if an Interest Reset Date for a Floating Rate Note is not a Business
Day, the Interest Reset Date for such Floating Rate Note shall be postponed to
the next succeeding Business Day, except that, in the case of a LIBOR Note, if
such Business Day is in the next succeeding calendar month, such Interest Reset
Date shall be the immediately preceding Business Day.

            Unless otherwise specified herein or in the attached Pricing
Supplement, the interest rate for each Interest Reset Period will be the rate
determined as of the Interest Determination Date pertaining to the Interest
Reset Date for such Interest Reset Period. Unless otherwise specified herein or
in the attached Pricing Supplement, the "Interest Determination Date" pertaining
to an Interest Reset Date for (a) a LIBOR Note (the "LIBOR Interest
Determination Date") will be the second London Business Day prior to such
Interest Reset Date, (b) a Federal Funds Rate Note (the "Federal Funds Interest
Determination Date") or a Prime Rate Note (the "Prime Rate Interest
Determination Date") will be the second Business Day prior to such Interest
Reset Date and (c) a Treasury Rate Note (the "Treasury Rate Interest
Determination Date") will be the day of the week in which the related Interest
Reset Date falls on which direct obligations of the United States ("Treasury
bills") would normally be auctioned. Treasury bills are usually sold at auction
on Monday of each week, unless that day is a legal holiday, in which case the
auction is usually held on Tuesday. The auction, however, may be held on the
preceding Friday. If so, that Friday will be the Interest Determination Date for
the Interest Reset Date occurring in the next week.

            Unless otherwise specified herein or in the attached Pricing
Supplement, the "Calculation Date", if applicable, pertaining to any Interest
Determination Date shall be the earlier of (i) the fifth Business Day after such
Interest Determination Date or (ii) the Business Day preceding the applicable
Interest Payment Date or Maturity, as the case may be.

            Unless otherwise specified herein or in the attached Pricing
Supplement, if any Interest Payment Date, other than Maturity, for any Floating
Rate Note would otherwise be a day that is not a Business Day, such Interest
Payment Date shall be postponed to the next day that is a Business Day, except
that in the case of a LIBOR Note, if such Business Day is in the next succeeding
calendar month, such Interest Payment Date shall be the immediately preceding
Business Day. If the Maturity for any Floating Rate Note falls on a day that is
not a Business Day, payment of principal of (and premium, if any) and interest,
if any, with respect to such Note will be made on the next succeeding Business
Day with the same force and effect as if made on the due date, and no interest
shall be payable on the date of payment for the period from and after the due
date.

            Unless otherwise specified herein or in the attached Pricing
Supplement, accrued interest from the Original Issue Date, or from the last date
to which interest has been paid or duly provided for, will be calculated by
multiplying the principal amount of a Floating Rate Note by an accrued interest
factor computed by adding the interest factor calculated for each day from the

                                       10

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Original Issue Date, or from the last date to which interest has been paid or
duly provided for, to but excluding the date for which accrued interest is being
calculated. Unless otherwise specified herein or in the attached Pricing
Supplement, the interest factor for each such day is computed by dividing the
interest rate applicable to such date by 360, in the case of LIBOR Notes,
Federal Funds Rate Notes and Prime Rate Notes, or by the actual number of days
in the year, in the case of Treasury Rate Notes.

            Unless otherwise specified herein or in the attached Pricing
Supplement, all percentages resulting from any calculation of the rate of
interest on Floating Rate Notes will be rounded, if necessary, to the nearest
one hundred-thousandth of a percentage point with five or more one-millionths of
one percentage point being rounded upward (e.g., 9.876545% or .09876545 being
rounded to 9.87655% or .0987655, respectively). All dollar amounts used in or
resulting from any calculation will be rounded to the nearest cent, with
one-half cent being rounded upward.

            The Calculation Agent will, upon the request of the Holder of any
Floating Rate Note, to the extent then available, provide the interest rate then
in effect and, if different, the interest rate that will become effective as a
result of a determination made on the most recent Interest Determination Date
with respect to such Floating Rate Note.

            If specified herein or in the attached Pricing Supplement, any
Floating Rate Note may also have either or both of the following: (i) a maximum
numerical interest rate limitation, or ceiling, on the rate of interest that may
accrue during any Interest Reset Period (the "Maximum Interest Rate") and (ii) a
minimum numerical interest rate limitation, or floor, on the rate of interest
that may accrue during any Interest Reset Period (the "Minimum Interest Rate").
The interest rate on any Floating Rate Note will in no event be higher than the
maximum rate permitted by New York law or other applicable law. Under current
New York law, the maximum rate of interest, with some exceptions, for any loan
in an amount less than $250,000 is 16% and for any loan in the amount of
$250,000 or more but less than $2,500,000 is 25% per year on a simple interest
basis. These limits do not apply to loans of $2,500,000 or more.

            "Index Maturity" means, with respect to a Floating Rate Note, the
period to maturity of the instrument or obligation on which the interest rate
formula is based, as specified herein or in the attached Pricing Supplement.

            Interest rates with respect to Floating Rate Notes will be
determined by the Calculation Agent as follows:

            LIBOR Notes

            If this Security is a LIBOR Note, it will bear interest at the
interest rate (calculated with reference to LIBOR and the Spread and/or Spread
Multiplier, if any) specified herein or in the attached Pricing Supplement.

            Unless otherwise specified herein or in the attached Pricing
Supplement, "LIBOR" for each Interest Reset Date will be determined by the
Calculation Agent as follows:

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            (i) With respect to a LIBOR Interest Determination Date, LIBOR will
be either: (A) if "LIBOR Telerate" is specified as the reporting service in the
attached Pricing Supplement or if such Pricing Supplement does not specify a
source for LIBOR, the rate for deposits in United States Dollars having the
Index Maturity designated in the attached Pricing Supplement commencing on the
second London Business Day immediately following such LIBOR Interest
Determination Date that appears on the Designated LIBOR Page (as defined below)
as of 11:00 a.m., London time, on such LIBOR Interest Determination Date, or (B)
if "LIBOR Reuters" is specified as the reporting service in the attached Pricing
Supplement, the arithmetic mean of the offered rates (unless the specified
Designated LIBOR Page by its terms provides only for a single rate, in which
case such single rate shall be used) for deposits in United States Dollars
having the Index Maturity designated in the attached Pricing Supplement and
commencing on the second London Business Day immediately following such LIBOR
Interest Determination Date that appear on the Designated LIBOR Page as of 11:00
a.m., London time, on such LIBOR Interest Determination Date, if at least two
such offered rates appear (unless, as aforesaid, only a single rate is required)
on such Designated LIBOR Page. If no rate appears on the Designated LIBOR Page
(or, in the case of clause (i)(B) above, if the Designated LIBOR Page by its
terms provides for more than a single rate but fewer than two offered rates
appear on such Page), LIBOR in respect of such LIBOR Interest Determination Date
will be determined as if the parties had specified the rate described in clause
(ii) below.

            (ii) With respect to any LIBOR Interest Determination Date to which
the last sentence of clause (i) above applies, the Calculation Agent will
request the principal London offices of each of four major banks in the London
interbank market, as selected by the Calculation Agent, to provide the
Calculation Agent with its offered quotation for deposits in United States
Dollars for the period of the Index Maturity designated in the attached Pricing
Supplement commencing on the second London Business Day immediately following
such LIBOR Interest Determination Date to prime banks in the London interbank
market at approximately 11:00 a.m., London time, on such LIBOR Interest
Determination Date and in a principal amount that is representative for a single
transaction in United States Dollars in such market at such time. If at least
two such quotations are provided, LIBOR determined on such LIBOR Interest
Determination Date will be the arithmetic mean of such quotations. If fewer than
two quotations are provided, LIBOR determined on such LIBOR Interest
Determination Date will be the arithmetic mean of the rates quoted by three
major banks in The City of New York, selected by the Calculation Agent, at
approximately 3:00 p.m., New York City time, on such LIBOR Interest
Determination Date for loans made in United States Dollars to leading European
banks having the Index Maturity designated in the attached Pricing Supplement
commencing on the second London Business Day immediately following such LIBOR
Interest Determination Date and in a principal amount that is representative for
a single transaction in such market at such time; provided, however, that if the
banks so selected by the Calculation Agent are not quoting as mentioned in this
sentence, LIBOR with respect to such LIBOR Interest Determination Date will be
LIBOR in effect on such LIBOR Interest Determination Date.

            "Designated LIBOR Page" means: if "Libor-Telerate" is specified
herein or in the attached Pricing Supplement, the display on the Moneyline
Telerate (or any successor service) on the page specified herein or in the
attached Pricing Supplement (or any other page as may replace such page on such
service) for the purpose of displaying the London interbank offered rates of
major banks; or if "LIBOR Reuters" is specified herein or in the attached
Pricing

                                       12

<PAGE>

Supplement, the display on the Reuters Monitor Money Rates Service (or any
successor service) on the page specified herein or in the attached Pricing
Supplement (or any other page as may replace such page on such service) for the
purpose of displaying the London interbank offered rates of major banks.

            Treasury Rate Notes

            If this Security is a Treasury Rate Note, it will bear interest at
the interest rate (calculated with reference to the Treasury Rate and the Spread
and/or Spread Multiplier, if any) specified herein or in the attached Pricing
Supplement.

            Unless otherwise specified herein or in the attached Pricing
Supplement, the "Treasury Rate" means, with respect to any Treasury Rate
Interest Determination Date, the rate for the auction of Treasury bills held on
such Treasury Rate Interest Determination Date having the Index Maturity
specified herein or in the attached Pricing Supplement which appears on the
display on Moneyline Telerate (or any successor service) on page 56 (or any
other page as may replace this page on such service) or page 57 (or any other
page as may replace this page on such service) under the heading "INVESTMENT
RATE." If such rate has not been so published by 3:00 p.m., New York City time,
on the Calculation Date pertaining to such Treasury Rate Interest Determination
Date, then the Treasury Rate will be the auction average rate of Treasury bills
(expressed as a bond equivalent, on the basis of a year of 365 or 366 days, as
applicable, and applied on a daily basis) as otherwise announced by the United
States Department of the Treasury. In the event that the results of the auction
of Treasury bills having the Index Maturity designated in the attached Pricing
Supplement are not published or reported as provided above by 3:00 p.m., New
York City time, on such Calculation Date or if no such auction is held in a
particular week, then the Treasury Rate will be the rate (expressed as a bond
equivalent, on the basis of a year of 365 or 366 days, as applicable, and
applied on a daily basis) on the Treasury Rate Interest Determination Date of
Treasury bills having the Index Maturity specified herein or in the attached
Pricing Supplement as published in H.15(519) under the heading "U.S. Government
Securities/Treasury Bills/Secondary Market" or, if not yet published by 3:00
p.m., New York City time, on the Calculation Date, the rate on the Treasury Rate
Interest Determination Date of Treasury bills as published in H.15 Daily Update,
or another recognized electronic source used for the purpose of displaying this
rate, under the caption "U.S. Government Securities/Treasury Bills/Secondary
Market". If by 3:00 p.m., New York City time, on such Calculation Date such rate
is not yet published in H.15(519), H.15 Daily Update or another recognized
electronic source, then the Treasury Rate shall be calculated by the Calculation
Agent and shall be the yield to maturity (expressed as a bond equivalent, on the
basis of a year of 365 or 366 days, as applicable, and applied on a daily basis)
of the arithmetic mean of the secondary market bid rates, as of approximately
3:30 p.m., New York City time, on such Treasury Rate Interest Determination Date
of three leading primary United States government securities dealers in The City
of New York selected by the Calculation Agent for the issue of Treasury bills
with a remaining maturity closest to the Index Maturity specified herein or in
the attached Pricing Supplement; provided, however, that if the dealers selected
as aforesaid by the Calculation Agent are not quoting bid rates as mentioned
above, the Treasury Rate with respect to such Treasury Rate Interest
Determination Date shall be the Treasury Rate in effect on such Treasury Rate
Interest Determination Date.

                                       13

<PAGE>

            "H.15(519)" means the weekly statistical release designated as
H.15(519), available through the world-wide-web site of the Board of Governors
of the Federal Reserve System at
http://www.federalreserve.gov/releases/h15/current, or any successor site or
publication.

            "H.15 Daily Update" means the daily update of H.15(519), available
through the world-wide-web site of the Board of Governors of the Federal Reserve
System at http://www.federalreserve.gov/releases/h15/update, or any successor
site or publication.

            Federal Funds Rate Notes

            If this Security is a Federal Funds Rate Note, it will bear interest
at the interest rate (calculated with reference to the Federal Funds Rate and
the Spread and/or Spread Multiplier, if any) specified herein or in the attached
Pricing Supplement.

            Unless otherwise specified herein or in the attached Pricing
Supplement, "Federal Funds Rate" means, with respect to any Federal Funds Rate
Interest Determination Date, the rate on such date for Federal Funds as
published in H.15(519) under the heading "Federal Funds (Effective)", as this
rate is displayed on Moneyline Telerate (or any successor service) on page 120
(or any other page as may replace this page on that service) ("Telerate Page
120"). In the event that such rate does not appear on Telerate Page 120 or is
not yet published by 3:00 p.m., New York City time, on the Calculation Date
pertaining to such Federal Funds Rate Interest Determination Date, the Federal
Funds Rate will be the rate on such Federal Funds Rate Interest Determination
Date as published in the H.15 Daily Update, or other recognized electronic
source used for the purpose of displaying that rate, under the heading "Federal
Funds (Effective)." If such rate does not appear on Telerate Page 120 or is not
published in H.15(519), H.15 Daily Update or another recognized electronic
source by 3:00 p.m., New York City time, on the Calculation Date pertaining to
such Federal Funds Rate Interest Determination Date, then the Federal Funds Rate
for such Federal Funds Rate Interest Determination Date will be calculated by
the Calculation Agent and will be the arithmetic mean of the rates, as of 3:00
p.m., New York City time, for the last transaction in overnight Federal Funds,
on such Federal Funds Rate Interest Determination Date, arranged by three
leading brokers of Federal Funds transactions in The City of New York selected
by the Calculation Agent; provided, however, that if fewer than three of the
brokers selected as aforesaid by the Calculation Agent are quoting as mentioned
in this sentence, the Federal Funds Rate with respect to such Federal Funds Rate
Interest Determination Date will be the Federal Funds Rate in effect on such
Federal Funds Rate Interest Determination Date.

            Prime Rate Notes

            If this Security is a Prime Rate Note, it will bear interest at the
rate (calculated with reference to the Prime Rate and the Spread and/or Spread
Multiplier, if any) specified herein or in the attached Pricing Supplement.

            Unless otherwise specified herein or in the attached Pricing
Supplement, "Prime Rate" means, with respect to any Prime Rate Interest
Determination Date, the rate on such date as published in H.15(519) under the
heading "Bank Prime Loan" or if not published by 3:00

                                       14

<PAGE>

p.m., New York City time, on the Calculation Date, the rate on the Prime Rate
Interest Determination Date as published in H.15 Daily Update, or another
recognized electronic source used for the purpose of displaying this rate, under
the heading "Bank Prime Loan". If such rate is not published in H.15(519), H.15
Daily Update or another recognized electronic source prior to 3:00 p.m., New
York City time, on the related Calculation Date, the Prime Rate will be
calculated by the Calculation Agent and will be the arithmetic mean of the rates
of interest publicly announced by each bank that appears on the Reuters Screen
USPRIME1 Page (as defined below) as such bank's prime rate or base lending rate
as in effect as of 3:00 p.m., New York City time, for such Prime Rate Interest
Determination Date. If fewer than four such rates appear on such Reuters Screen
USPRIME1 Page for such Prime Rate Interest Determination Date, the Prime Rate
shall be the arithmetic mean of the prime rates or base lending rates quoted on
the basis of the actual number of days in the year divided by a 360-day year as
of the close of business on such Prime Rate Interest Determination Date by three
major banks in The City of New York selected by the Calculation Agent; provided,
however, that if the banks so selected by the Calculation Agent are not quoting
as mentioned in this sentence, the Prime Rate determined as of such Prime Rate
Interest Determination Date will be the Prime Rate in effect on such Prime Rate
Interest Determination Date.

            "Reuters Screen USPRIME1 Page" means the display designated as page
"USPRIME1" on the Reuters Monitor Money Rates Service (or any successor service)
(or such other page as may replace the USPRIME1 page on such service (or any
successor service)) for the purpose of displaying prime rates or base lending
rates of major United States banks.

            Redemption at the Option of the Issuer

            IF NO REDEMPTION RIGHT IS SET FORTH ON THE FACE HEREOF OR IN THE
ATTACHED PRICING SUPPLEMENT, THIS SECURITY MAY NOT BE REDEEMED AT THE OPTION OF
THE ISSUER PRIOR TO THE STATED MATURITY DATE. If a Redemption Right is granted
on the face of this Security, this Security may be redeemed at the option of the
Issuer on any date on and after the date, if any, specified herein or in the
attached Pricing Supplement (the "Initial Redemption Date"). On and after the
Initial Redemption Date, if any, this Security may be redeemed at the option of
the Issuer at any time in whole or from time to time in part in increments of
$1,000, or any integral multiple of $1,000 in excess thereof, or the minimum
denomination specified herein or in the attached Pricing Supplement, provided
that any remaining principal amount thereof shall be at least $1,000 or such
minimum denomination, at the Redemption Price, as defined below, on notice given
not more than 60 days if the Securities are being redeemed in whole, or 45 days
if the Securities are being redeemed in part, nor less than 30 days, prior to
the date of redemption and in accordance with the provisions of the Indenture.
In the event of redemption of this Security in part only, a new Security for the
unredeemed portion hereof shall be issued in the name of the Holder hereof upon
the surrender hereof.

            If applicable, the "Redemption Price" shall initially be the Initial
Redemption Percentage, specified herein or in the attached Pricing Supplement,
of the principal amount of this Security to be redeemed and shall decline at
each anniversary of the Initial Redemption Date by the Annual Redemption
Percentage Reduction, if any, specified herein or in the attached Pricing
Supplement, of the principal amount to be redeemed until the Redemption Price is
100%

                                       15

<PAGE>

of such principal amount, plus accrued and unpaid interest, if any, to, but
excluding, the date of redemption.

            The Securities are the direct, unconditional, unsubordinated and
(subject to certain provisions set forth in the Indenture) unsecured obligations
of the Issuer and the Guarantees are the direct, unconditional, unsubordinated
and (subject to certain provisions set forth in the Indenture) unsecured
obligations of the Guarantor, in each case without any preference among
themselves and rank at least equally with deposits and all other unsecured and
unsubordinated obligations of the Issuer or the Guarantor, as the case may be,
subject, in the event of insolvency, to laws of general applicability relating
to or affecting creditors' rights.

            The Guarantor will pay to the holders of the Securities of this
series such additional amounts as may be necessary in order that every net
payment of the principal of (and premium, if any, on) and interest, if any, on
any Security of this series after deduction or other withholding for or on
account of any present or future tax, assessment, duty or other governmental
charge of any nature whatsoever imposed, levied or collected by or on behalf of
the jurisdiction in which the Guarantor is organized or any political
subdivision or taxing authority thereof or therein having power to tax will not
be less than the amount provided for in this Security to be then due and
payable; provided, however, that the foregoing obligation to pay additional
amounts will not apply on account of any tax, assessment, duty or other
governmental charge which is payable (a) otherwise than by deduction or
withholding from payments of principal of (or premium, if any, on) or interest,
if any, on this Security; or (b) by reason of the holder having, or having had,
some personal or business connection with the jurisdiction in which the
Guarantor is organized and not merely by reason of the fact that payments are,
or for the purposes of taxation are deemed to be, from sources in, or secured
in, such jurisdiction; or (c) by reason of a change in law or official practice
of any relevant taxing authority that becomes effective more than fifteen days
after the Relevant Date (as defined below) for payment of principal (or premium,
if any), or interest, if any, in respect of this Security; or (d) by the Paying
Agent from a payment if the payment could have been made by another paying agent
without such deduction or withholding; or (e) by reason of the holder's present
or former status as a personal holding company, foreign personal holding
company, a passive foreign investment company, or a controlled foreign
corporation for United States tax purposes or a corporation which accumulates
earnings to avoid United States federal income tax, and not merely by reason of
the fact that payments in respect of this Security or the Guarantee are, or for
purposes of taxation are deemed to be, derived from sources in, or are secured
in, the United States or the Federal Republic of Germany; or (f) by reason of
such holder's past or present status as the actual or constructive owner of ten
percent or more of the total combined voting power of all classes of stock of
the Issuer entitled to vote; or (g) by reason of any estate, excise,
inheritance, gift, sales, transfer, wealth or personal property tax or any
similar assessment or governmental charge; or (h) as a result of the failure of
the holder to comply with certification, identification, or other similar
information reporting requirements or make a declaration of non-residence or
other similar claim for exemption to the relevant tax authority; or (i) where
such withholding or deduction is imposed on a payment to an individual and is
required to be made pursuant to any European Union directive on the taxation of
savings, or any law implementing or complying with, or introduced in order to
conform to, such directive; or (j) owing to any combination of clauses (a)
through (i) above.

                                       16

<PAGE>

            No additional amounts will be paid as provided above with respect to
any payment of principal of (or premium, if any, on) or interest, if any, on
this Security to any holder who is a fiduciary or partnership or other than the
sole beneficial owner of any such payment to the extent that a beneficiary or
settlor with respect to such fiduciary, a member of such a partnership or the
beneficial owner of such payment would not have been entitled to the additional
amounts had such beneficiary, settlor, member or beneficial owner been the
holder of this Security.

            "Relevant Date" means the date on which the payment of principal of
(or premium, if any, on) or interest, if any, on this security first becomes due
and payable but, if the full amount of the monies payable on such date has not
been received by the relevant Paying Agent or as it shall have directed on or
prior to such date, the "Relevant Date" means the date on which such monies
shall have been so received.

            If an Event of Default with respect to Securities of this series
shall occur and be continuing, the principal of all of the Securities of this
series may be declared due and payable in the manner and with the effect
provided in the Indenture. The Indenture provides that in certain circumstances
such declaration and its consequences may be rescinded and annulled by the
Holders of a majority in aggregate principal amount of the Outstanding
Securities. If a default with respect to Securities of this series as specified
in Section 501 of the Indenture occurs and is continuing, the Trustee may pursue
certain remedies as set forth in the Indenture. The Holders of not less than a
majority in aggregate principal amount of the Outstanding Securities of this
series may waive any past default under the Indenture and its consequences,
except a default in the payment of principal of (or premium, if any, on) or
interest, if any, on any of the Securities or with respect to a covenant or
provision which under the Indenture cannot be modified or amended without the
consent of the Holder of each Outstanding Security. Any such consent or waiver
by the Holder of this Security (unless revoked as provided in the Indenture)
shall be conclusive and binding upon such Holder and upon all future Holders of
this Security and of any Security issued upon the registration of transfer
hereof or in exchange therefor or in lieu hereof, whether or not notation of
such consent or waiver is made upon this Security or such other Securities.

            The Indenture contains provisions permitting the Issuer and the
Trustee (i) without the consent of the Holders of any Securities issued under
the Indenture to execute supplemental indentures for certain enumerated
purposes, such as to cure any ambiguity or inconsistency or to make any change
that does not have a materially adverse effect on the rights of any Holder of
such Securities, and (ii) with the consent of the Holders of more than 50% in
aggregate principal amount of the Outstanding Securities of each series of
Securities affected thereby, to execute supplemental indentures for the purpose
of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Indenture or of modifying in any manner the rights of Holders
of Securities under the Indenture; provided, that, with respect to certain
enumerated provisions, no such supplemental indenture may be entered into
without the consent of the Holder of each Outstanding Security affected thereby.
The Indenture also permits the Holders of not less than a majority in aggregate
principal amount of the Outstanding Securities of each series to be affected on
behalf of the Holders of all Securities of such series, to waive compliance by
the Issuer and the Guarantor with certain restrictive provisions of the
Indenture. Any such consent or waiver by the Holder of this Security shall be
conclusive and

                                       17

<PAGE>

binding upon such Holder and upon all future Holders of this Security and of any
Security issued upon the registration of transfer hereof or in exchange hereof
or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Security or such other Securities.

            No reference herein to the Indenture and no provision of this
Security or of the Indenture shall alter or impair the obligation of the Issuer,
which is absolute and unconditional, to pay the principal of (and premium, if
any, on) and interest, if any, on this Security (including any additional
amounts payable in accordance with the term of this Security and the Indenture)
at the times, places and rate, and in the currency or currency unit, specified
herein or in the attached Pricing Supplement. However, the Indenture limits the
Holder's right to enforce the Indenture and this Security.

            This Global Security or portion hereof may not be exchanged for
definitive Securities of this series, except for definitive Securities in the
limited circumstances provided for in the Indenture. As provided in the
Indenture and subject to certain limitations set forth therein and on the face
hereof, the transfer of this Security is registrable in the Security Register,
upon surrender of this Security for registration of transfer at the office or
agency of the Issuer in any place where the principal of (and premium, if any,
on) and interest, if any, on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the
Issuer and the Security Registrar duly executed by, the Holder hereof or his
attorney duly authorized in writing, and thereupon one or more new Securities of
this series of like tenor, to authorized denominations and for the same
aggregate principal amount, and with the Guarantee executed by the Guarantor
endorsed thereon, will be issued to the designated transferee or transferees.

            As provided in the Indenture and subject to certain limitations set
forth therein and on the face hereof, Securities of this series are exchangeable
for a like aggregate principal amount of Securities of this series of like tenor
of a different Authorized Denomination, and with the Guarantee executed by the
Guarantor endorsed thereon, as required by the Holder surrendering the same.

            This Security is issuable only as a registered security without
coupons in denominations of $1,000 and any integral multiple in excess thereof
unless otherwise specifically agreed between the parties and provided on the
face of this Security.

            Except as otherwise provided for in the Indenture, no service charge
will be made for any such registration of transfer or exchange, but the Issuer
may require payment of a sum sufficient to cover any tax or other governmental
charge payable in connection therewith.

            Prior to due presentment of this Security for registration of
transfer, the Issuer, the Guarantor, the Trustee and the Paying Agent and any
agent of the Issuer, the Guarantor, the Trustee or the Paying Agent may treat
the Person in whose name this Security is registered as the owner hereof for all
purposes, whether or not this Security is overdue, and none of the Issuer, the
Guarantor, the Trustee, the Paying Agent or any such agent shall be affected by
notice to the contrary.

                                       18

<PAGE>

            The Indenture, the Securities and the Guarantees shall be governed
by and construed in accordance with the laws of the State of New York.

            Terms used in this Security and not defined herein shall have the
meaning assigned to them in the attached Pricing Supplement or, if not defined
in the attached Pricing Supplement, in the Indenture.

                                       19

<PAGE>

                                  ABBREVIATIONS

            The following abbreviations, when used in the inscription on the
face of the within Security shall be construed as though they were written out
in full according to applicable laws or regulations:

TEN COM-- as tenants in common
TEN ENT-- as tenants by the entireties
JT TEN-- as joint tenants with right of survivorship and not as tenants in
           common
UNIF TRANS MIN ACT --

Custodian
(Cust)            (Minor)
Under Uniform Transfers to Minors Act

_____________________________________
(State)

     Additional abbreviations may also be used though not in the above list.

                                   ASSIGNMENT

            FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s) unto ______________________________________________________________.
                          [PLEASE PRINT OR TYPE NAME AND ADDRESS
                             INCLUDING ZIP CODE, OF ASSIGNEE]

Please Insert Social Security or Other
Identifying Number of Assignee: ______________________________
the within Security and all rights thereunder, hereby irrevocably constituting
and appointing _____________________________________ Attorney to transfer said
Security on the books of the Issuer, with full power of substitution in the
premises.

Dated: ______________________       _________________________________________

                                    _________________________________________
                                              (Signature Guaranteed)

NOTICE: The signature to this assignment must correspond with the name as it
appears upon the face of the within Security in every particular, without
alteration or enlargement or any change whatever and must be guaranteed.

                                       20

<PAGE>

                             SURVIVOR'S OPTION RIDER

            If the Survivor's Option is applicable to this Security, the
authorized representative of a deceased beneficial owner of the Security or a
beneficial interest in the Security shall have the option to elect repayment of
such Security or interest following the death of such beneficial owner (a
"Survivor's Option"). Unless specifically provided on the face of this Security
or in a Pricing Supplement that forms a part of this Security, no Survivor's
Option may be exercised unless the Security or a beneficial interest in the
Security was purchased at least six months prior to the Representative's (as
defined below) exercise of the Survivor's Option.

            Upon exercise of the Survivor's Option, the Issuer shall repay any
Security (or portion thereof) properly tendered for repayment by or on behalf of
the person (the "Representative") that has authority to act on behalf of the
deceased beneficial owner of a Security (including, without limitation, the
personal representative or executor of the deceased beneficial owner or the
surviving joint owner with the deceased beneficial owner) under the laws of the
appropriate jurisdiction at a price equal to 100% of the principal amount of the
beneficial interest of the deceased owner in such Security plus accrued interest
to, but excluding, the date of such repayment, subject to the following
limitations:

            (a) The Issuer may, in its sole discretion, limit the aggregate
principal amount of Securities as to which exercises of the Survivor's Option
shall be accepted in any calendar year (the "Annual Put Limitation") to an
amount equal to the greater of 2% of the Outstanding principal amount of the
Securities as of the end of the most recent calendar year or $2,000,000 in any
such calendar year, or such greater amount as the Issuer in its sole discretion
may determine for any calendar year, and may limit to $250,000, or such greater
amount as the Issuer in its sole discretion may determine for any calendar year,
the aggregate principal amount of Securities (or portions thereof) as to which
exercise of the Survivor's Option will be accepted with respect to any
individual deceased owner or beneficial interests in such Securities (the
"Individual Put Limitation").

            (b) The Issuer shall not permit the exercise of the Survivor's
Option in amounts that are less than $1,000, or that would result in a Security
remaining outstanding after repayment of less than $1,000 (the minimum
authorized denomination of the Securities).

            (c) Any Security (or portion thereof) tendered pursuant to a valid
exercise of the Survivor's Option may not be withdrawn and such Security (or
portion thereof) may not be transferred prior to repurchase or repayment.

            Each Security (or portion thereof) that is tendered pursuant to
valid exercise of the Survivor's Option shall be accepted promptly in the order
all such Securities are tendered, except for any Security (or portion thereof)
the acceptance of which would contravene (i) the Annual Put Limitation, if
applied, or (ii) the Individual Put Limitation, if applied, with respect to the
relevant individual deceased owner of beneficial interests therein. If, as of
the end of any calendar year, the aggregate principal amount of Securities (or
portions thereof) that have been accepted pursuant to exercise of the Survivor's
Option during such year has exceeded either the Annual Put Limitation, if
applied, or the Individual Put Limitation, if applied, for such year, any
exercise(s) of the Survivor's Option with respect to Securities (or portions
thereof) not accepted

                                       21

<PAGE>

during such calendar year because such acceptance would have contravened either
such limitation, if applied, shall be deemed to be tendered in the following
calendar year in the order all such Securities (or portions thereof) were
tendered. Normally, any Security (or portion thereof) accepted for repayment
pursuant to exercise of the Survivor's Option shall be repaid on the first
Interest Payment Date that occurs at least 20 calendar days after the date of
such acceptance. In the event that a Security (or any portion thereof) tendered
for repayment pursuant to valid exercise of the Survivor's Option is not
accepted, the Trustee shall deliver a notice by first-class mail to the
registered Holder thereof at its last known address as indicated in the Security
Register, that states the reason such Security (or portion thereof) has not been
accepted for payment.

            In order for a Survivor's Option to be validly exercised with
respect to any Security (or portion thereof), the Trustee must receive from the
Representative of the deceased owner (i) a written request for repayment signed
by the Representative, and such signature must be guaranteed by a member firm of
a registered national securities exchange or of the National Association of
Securities Dealers, Inc. (the "NASD") or a commercial bank or trust company
having an office or correspondent in the United States, (ii) tender of a
Security (or portion thereof) to be repaid, (iii) appropriate evidence
satisfactory to the Issuer and the Trustee that (A) the deceased was the owner
of a beneficial interest in such Security at the time of death and his or her
beneficial interest in such Security was owned by the deceased beneficial owner,
including his or her estate, at least six months prior to the request for
repayment, (B) the death of such beneficial owner has occurred (C) as to the
date of death of the beneficial owner and (D) the Representative has authority
to act on behalf of the deceased beneficial owner, (iv) if applicable, a
properly executed assignment or endorsement, (v) if the ownership interest in
such Security is held by a nominee of the deceased beneficial owner, a
certificate satisfactory to the Issuer and the Trustee from such nominee
attesting to the deceased's beneficial ownership interest in such Security, (vi)
tax waivers and such other instruments or documents that the Issuer or the
Trustee reasonably requires in order to establish the validity of beneficial
ownership interest of the Securities and the claimant's entitlement to payment
and (vii) any additional information the Issuer or the Trustee reasonably
requires to evidence satisfaction of any conditions to the exercise of the
Survivor's Option or to document beneficial ownership interest in, or authority
to make the election and to cause the repayment of the Security (or portion
thereof). Subject to the Issuer's right hereunder to limit the aggregate
principal amount of Securities as to which exercises of the Survivor's Option
shall be accepted in any one calendar year, all questions as to the eligibility
or validity of any exercise of the Survivor's Option will be determined by the
Issuer, in its sole discretion, which determination shall be final and binding
on all parties.

            The death of a person owning a Security in joint tenancy or tenancy
by the entirety with another or others shall be deemed the death of the Holder
of the Security, and the entire principal amount of the Security so held shall
be subject to repayment. The death of a person holding a beneficial ownership
interest in a Security by tenancy in common shall be deemed the death of a
Holder of a Security only with respect to the deceased Holder's interest in the
Security so held by tenancy in common; except that in the event a Security is
held by husband and wife as tenants in common, the death of either shall be
deemed the death of the Holder of the Security, and the entire principal amount
of the Security so held shall be subject to repayment. The death of a person
who, during his or her lifetime, was entitled to substantially all of the
beneficial ownership interests of a Security, shall be deemed the death of the
Holder

                                       22

<PAGE>

thereof for purposes of this provision, regardless of whether that beneficial
owner was the registered Holder, if entitlement to those interests can be
established to the satisfaction of the Issuer and the Trustee. A beneficial
interest shall be deemed to exist in typical cases of nominee ownership,
ownership under the Uniform Transfers to Minors Act or Uniform Gifts to Minors
Act, community property or other joint ownership arrangements between a husband
and wife and custodial and trust arrangements where one person has all of the
beneficial ownership interest in the Security during his or her lifetime.

            For Securities represented by a Global Security, the Depository or
its nominee is treated as the Holder of such Security and therefore shall be the
only entity that can exercise the Survivor's Option for such Security. To obtain
repayment pursuant to exercise of the Survivor's Option with respect to such
Security, the Representative must provide to the broker or other entity through
which the beneficial interest in such Security is held by the deceased
beneficial owner (i) the documents described in the second preceding paragraph
and (ii) written instructions to such broker or other entity to notify the
Depository of such Representative's desire to obtain repayment pursuant to
exercise of the Survivor's Option. Such broker or other entity shall provide to
the Trustee (i) the documents received from the Representative referred to in
clause (i) of the preceding sentence and (ii) evidence satisfactory to the
Issuer and the Trustee from such broker or other entity stating that it
represents the deceased beneficial owner. Such broker or other entity shall be
responsible for disbursing any payments it receives pursuant to exercise of the
Survivor's Option to the appropriate Representative.

                                       23

<PAGE>

                                    GUARANTEE

            For value received, DaimlerChrysler AG, a stock corporation
organized in the Federal Republic of Germany (herein called the "Guarantor",
which term includes any successor Person under the Indenture referred to in the
Security upon which this Guarantee is endorsed), hereby irrevocably and
unconditionally guarantees to the Holder of the Security upon which this
Guarantee is endorsed, and to the Trustee on behalf of each such Holder, the due
and punctual payment of the principal of (and premium, if any, on) and interest,
if any, on such Security (including any additional amounts payable in accordance
with the terms of such Security and the Indenture) and the due and punctual
payment of any sinking fund payments provided for pursuant to the terms of any
such Security when and as the same shall become due and payable, whether at the
Stated Maturity, if any, by declaration of acceleration, call for redemption,
request for redemption, repayment at the option of the Holder or otherwise, in
accordance with the terms of said Security and of the Indenture. In case of the
failure of the Issuer punctually to make any such payment of principal (or
premium, if any) or interest, if any, (including any additional amounts as
referred to above) or sinking fund payment, the Guarantor hereby agrees to cause
any such payment to be made punctually when and as the same shall become due and
payable, whether at the Stated Maturity, if any, by declaration of acceleration,
call for redemption, request for redemption, repayment at the option of the
Holder or otherwise, and as if such payment were made by the Issuer.

            The Guarantor will pay to the holder of this Security such
additional amounts as may be necessary in order that every net payment of the
principal of (and premium, if any, on) and interest, if any, on this Security
after deduction or other withholding for or on account of any present or future
tax, assessment, duty or other governmental charge of any nature whatsoever
imposed, levied or collected by or on behalf of the jurisdiction in which the
Guarantor is organized or any political subdivision or taxing authority thereof
or therein having power to tax, will not be less than the amount provided for in
this Security to be then due and payable; provided, however, that the foregoing
obligation to pay additional amounts will not apply on account of any tax,
assessment, duty or other governmental charge which is payable (a) otherwise
than by deduction or withholding from payments of principal of (or premium, if
any, on) or interest, if any, on this Security; or (b) by reason of the holder
having, or having had, some personal or business connection with the
jurisdiction in which the Guarantor is organized and not merely by reason of the
fact that payments are, or for the purposes of taxation are deemed to be, from
sources in, or secured in, the jurisdiction in which the Guarantor is organized;
or (c) by reason of a change in law or official practice of any relevant taxing
authority that becomes effective more than fifteen (15) days after the Relevant
Date (as defined above) for payment of principal (or premium, if any), or
interest, if any, in respect of this Security; or (d) by the Paying Agent from a
payment if the payment could have been made by another paying agent without such
deduction or withholding; or (e) by reason of the holder's present or former
status as a personal holding company, foreign personal holding company, a
passive foreign investment company, or a controlled foreign corporation for
United States tax purposes or a corporation which accumulates earnings to avoid
United States federal income tax, and not merely by reason of the fact that
payments in respect of this Security or the Guarantee are, or for purposes of
taxation are deemed to be, derived from sources in, or are secured in, the
United States or the Federal Republic of Germany; or (f) by reason of such
holder's past or present status as the actual or constructive owner of ten
percent or more of the total combined voting power of all

                                       24

<PAGE>

classes of stock of the Issuer entitled to vote; or (g) by reason of any estate,
excise, inheritance, gift, sales, transfer, wealth or personal property tax or
any similar assessment or governmental charge; or (h) as a result of the failure
of the holder to comply with certification, identification, or other similar
information reporting requirements or make a declaration of non-residence or
other similar claim for exemption to the relevant tax authority; or (i) where
such withholding or deduction is imposed on a payment to an individual and is
required to be made pursuant to any European Union directive on the taxation of
savings, or any law implementing or complying with, or introduced in order to
conform to, such directive; or (j) owing to any combination of clauses (a)
through (i) above.

            The Guarantor hereby agrees that its obligations hereunder shall be
as if it were principal debtor and not merely surety, and shall be absolute and
unconditional, irrespective of the validity, regularity or enforceability of
said Security or the Indenture, the absence of any action to enforce the same,
any waiver or consent by the Holder of said Security or by the Trustee or the
Paying Agent with respect to any provisions thereof or of the Indenture, the
recovery of any judgment against the Issuer or any action to enforce the same or
any other circumstances which might otherwise constitute a legal or equitable
discharge or defense of a guarantor. The Guarantor hereby waives diligence,
presentment, demand of payment, filing of claims with a court in the event of
insolvency or bankruptcy of the Issuer, any right to require a proceeding first
against the Issuer, protest or notice with respect to said Security or the
indebtedness evidenced thereby and all demands whatsoever, and covenants that
this Guarantee will not be discharged except by complete performance of its
obligations contained in the Indenture, said Security and this Guarantee.

            The Holder of the Security on which this Guarantee is endorsed is
entitled to the further benefits relating thereto set forth in the Security and
the Indenture. No reference herein to the Indenture and no provision of this
Guarantee, said Security or the Indenture shall alter or impair the guarantee of
the Guarantor, which is absolute and unconditional, of the due and punctual
payment of the principal of (and premium, if any, on) and interest, if any
(including any additional amounts referred to above), or any sinking fund
payment in respect of, the Security upon which this Guarantee is endorsed.

            The Indenture, the Securities and the Guarantees shall be governed
by and construed in accordance with the laws of the State of New York.

            REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS GUARANTEE
SET FORTH IN SAID SECURITY AND IN THE INDENTURE, WHICH FURTHER PROVISIONS SHALL
FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE.

            Terms used in this Guarantee and not defined herein shall have the
meanings assigned to them in the attached Pricing Supplement or, if not defined
in the attached Pricing Supplement, in the Indenture.

            This Guarantee shall not be valid or obligatory for any purpose
until the certificate of authentication on the within Security has been executed
by the Paying Agent,

                                       25

<PAGE>

directly or through an Authenticating Agent, by manual or facsimile signature of
an authorized signatory.

                                       26

<PAGE>

            IN WITNESS WHEREOF, the Guarantor has caused this Guarantee to be
duly executed.

Dated:

                                                   DAIMLERCHRYSLER AG

                                                   By: _________________________
                                                       Name:
                                                       Title:

                                                   By: _________________________
                                                       Name:
                                                       Title:

                                       27

<PAGE>

                             CERTIFICATE OF TRANSFER

            FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s) unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF
ASSIGNEE ____________________________________________
/_________________________________________/_____________________________________
________________________________________________________________________________
PLEASE PRINT OR TYPE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE

the within Security and all rights thereunder, hereby irrevocably constituting
and appointing
________________________________________________________________________________
attorney to transfer said Security on the books of the Issuer, with full power
of substitution in the premises.

Dated: _______________________

NOTICE: The signature to this assignment must correspond with the name as
written upon the face of the within instrument in every particular, without
alteration or enlargement or any change whatever.

                                       28

<PAGE>

                DAIMLERCHRYSLER NORTH AMERICA HOLDING CORPORATION

                   DAIMLERCHRYSLER NORTH AMERICA INTERNOTES(R)

            FORM OF NOTICE OF ELECTION TO EXERCISE SURVIVOR'S OPTION

[ ]   By checking this box, the undersigned represents that: (1) it is the
      authorized representative of the deceased beneficial owner identified
      below; (2)(a) the deceased was the beneficial owner of the principal
      amount of DaimlerChrysler North America InterNotes(R) listed below at the
      date of his or her death and such InterNotes have been held by the
      deceased or his or her estate for at least six months, (b) the death of
      the beneficial owner listed below has occurred and (c) the undersigned
      representative has authority to act on behalf of the deceased beneficial
      owner; and (3) subject to the aggregate limitation on the amount of
      DaimlerChrysler North America InterNotes(R) that may be tendered in any
      calendar year, it hereby elects to tender the principal amount of
      DaimlerChrysler North America InterNotes(R) set forth below for repayment
      by DaimlerChrysler North America Holding Corporation for a price equal to
      100% (or such lesser amount as may be accepted for repayment) of the
      principal amount of the beneficial interest of the deceased owner plus
      accrued interest to the date of repayment.

            The deceased beneficial owner held the principal amount of
DaimlerChrysler North America InterNotes(R) to be tendered as (check one):

___ a sole beneficial owner, a joint tenant or a tenant by the entirety with
another or others, a tenant in common with a spouse or an individual entitled to
substantially all of the beneficial interest.

___ a tenant in common with another (other than a spouse). If applicable please
provide the amount of interest held by the deceased beneficial owner. $_________

Full name of deceased beneficial owner (please attach death certificate):

_______________________________________________________
If applicable, full name of the nominee of the deceased beneficial owner (please
attach a certificate attesting to the deceased's ownership of the beneficial
interest in the notes):

___________________________________________
Principal amount of DaimlerChrysler North America InterNotes(R) being tendered
for repayment (amount must exceed $1,000):

$ ___________________

            DaimlerChrysler North America Holding Corporation may, in its sole
discretion, limit the aggregate principal amount of InterNotes that may be
tendered pursuant to the Survivor's Option by any single beneficial owner in any
calendar year to $250,000 or such greater amount as it may determine. Additional
limitations with respect to aggregate exercises by all holders and terms of
acceptance are also applicable and are more fully described in the Prospectus
Supplement dated ______________, 2005. JPMorgan Chase Bank, N.A., as Trustee

                                       29

<PAGE>

on behalf of DaimlerChrysler North America Holding Corporation, has the right to
reject tenders of DaimlerChrysler North America InterNotes(R) if a properly
executed election is not submitted or if it fails to receive any tax or
additional information that is required to document adherence to any conditions
precedent, ownership or authority to make the election.

THIS NOTICE OF ELECTION MAY NOT BE WITHDRAWN AND INTERNOTES SUBJECT TO THIS
NOTICE OF ELECTION MAY NOT BE TRANSFERRED PRIOR TO THE DATE OF REPAYMENT

PLEASE SIGN HERE

(Must be signed by authorized representative(s) of deceased holder. If signature
is by a trustee, executor, administrator, guardian, attorney-in-fact, officer of
a corporation or another person acting in a fiduciary capacity, please set forth
full title.)

Signature(s) of Authorized Representative(s):

Dated:  ___________________, 20___

Name(s): _______________________________________________________________________
                                   (Please Print)

Capacity (full title): _________________________________________________________

Address: _______________________________________________________________________
                                   (Include Zip Code)

Area Code(s) and Telephone Number(s): __________________________________________

                                       30

<PAGE>

                            GUARANTEE OF SIGNATURE(S)

(Must be signed be authorized representative of: (1) a member firm of a
registered national securities exchange or the National Association of
Securities Dealers, Inc., or (2) a commercial bank or trust company having an
office or correspondent in the United States.)

Name of Firm: __________________________________________________________________

Authorized Signature: __________________________________________________________

Name: __________________________________________________________________________
                                   (Please Print)

Title: _________________________________________________________________________

Address: _______________________________________________________________________
                                 (Include Zip Code)

Area Code(s) and Telephone Number(s): __________________________________________

Dated:  ___________________, 20___

                                       31
s<PAGE>
                                                                    EXHIBIT 10.1

               AMENDMENT NUMBER TWO TO LOAN AND SECURITY AGREEMENT

         THIS AMENDMENT NUMBER TWO TO LOAN AND SECURITY AGREEMENT (this
"Amendment"), dated as of March 1, 2005, is entered into by and among THE
MAJESTIC STAR CASINO, LLC, an Indiana limited liability company ("Parent"), and
each of Parent's Subsidiaries identified on the signature pages hereof (such
Subsidiaries, together with Parent, are referred to hereinafter each
individually as a "Borrower", and individually and collectively, jointly and
severally, as the "Borrowers"), each of the lenders that is a signatory to this
Amendment (together with its successors and permitted assigns, individually,
"Lender" and, collectively, "Lenders"), and WELLS FARGO FOOTHILL, INC., a
California corporation, as the arranger and administrative agent for the Lenders
(in such capacity, together with its successors, if any, in such capacity,
"Agent"; and together with each of the Lenders, individually and collectively,
the "Lender Group"), in light of the following:

                               W I T N E S S E T H

         WHEREAS, each Borrower and the Lender Group are parties to that certain
Loan and Security Agreement, dated as of October 7, 2003 (as amended, restated,
supplemented, or modified from time to time, the "Loan Agreement");

         WHEREAS, each Borrower and the Lender Group are parties to that certain
Amendment Number One to Loan and Security Agreement, dated as of May 4, 2004
(the "First Amendment");

         WHEREAS, each Borrower has requested that the Lender Group agree to
amend the Loan Agreement in accordance with the provisions of this Amendment;
and

         WHEREAS, subject to the terms and conditions set forth in this
Amendment, the Lender Group is willing to so amend the Loan Agreement.

         NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree to amend the
Loan Agreement as follows:

1. DEFINITIONS. Capitalized terms used herein and not otherwise defined herein
shall have the meanings ascribed to them in the Loan Agreement, as amended
hereby.

2. FIRST AMENDMENT. The Loan Agreement, as amended by the First Amendment, shall
remain in full force and effect, except as specifically amended by this
Amendment.

3. AMENDMENTS TO LOAN AGREEMENT.

         (a) Section 1.1 of the Loan Agreement is hereby amended by inserting
the following new definitions in proper alphabetical order:

                  "Second Amendment" means that certain Amendment Number Two to
Loan and Security Agreement dated as of March 1, 2005, by and among the
Borrowers and the Lender Group.

<PAGE>

                  "Second Amendment Effective Date" means the date, if ever,
that all of the conditions set forth in Section 4 of the Second Amendment shall
be satisfied (or waived by Agent in its sole discretion).

         (b) Section 7.18(b) of the Loan Agreement is amended by inserting the
following sentence at the end thereof:

         "All amounts invested in connection with the purchase of the GNC Land
as permitted by clause (n) under the definition "Permitted Investments" (and not
any other Capital Expenditures, irrespective of whether any such other Capital
Expenditure would constitute a Permitted Investment) shall not be deemed
"Capital Expenditures" for purposes of this Section 7.18(b) and shall not be
subject to the fiscal year Capital Expenditure limitations set forth in this
Section 7.18(b)."

4. CONDITIONS PRECEDENT TO THIS AMENDMENT. The satisfaction of each of the
following shall constitute conditions precedent to the effectiveness of this
Amendment and each and every provision hereof:

         (a) The representations and warranties in this Amendment, the Loan
Agreement and the other Loan Documents shall be true and correct in all respects
on and as of the date hereof, as though made on such date (except to the extent
that such representations and warranties relate solely to an earlier date);

         (b) Agent shall have received the reaffirmation and consent of each
Guarantor and Limited Recourse Guarantor attached hereto as Exhibit A (the
"Consent"), duly executed and delivered by an authorized official of each
Guarantor and of Limited Recourse Guarantor;

         (c) No Default or Event of Default shall have occurred and be
continuing on the date hereof or as of the date of the effectiveness of this
Amendment; and

         (d) No injunction, writ, restraining order, or other order of any
nature prohibiting, directly or indirectly, the consummation of the transactions
contemplated herein shall have been issued and remain in force by any
Governmental Authority against any Borrower, any Guarantor, Limited Recourse
Guarantor, or any member of the Lender Group.

5. REPRESENTATIONS AND WARRANTIES. Each Borrower hereby represents and warrants
to the Lender Group as follows:

         (a) The representations and warranties in this Amendment, the Loan
Agreement and the other Loan Documents are true and correct in all respects on
and as of the date hereof, as though made on such date (except to the extent
that such representations and warranties relate solely to an earlier date);

         (b) The execution, delivery, and performance of this Amendment and of
the Loan Agreement, as amended by this Amendment, are within each Borrower's
corporate powers, have been duly authorized by all necessary corporate action,
and are not in contravention of any law, rule, or regulation, or any order,
judgment, decree, writ, injunction, or award of any arbitrator,

                                      -2-
<PAGE>

court, or governmental authority, or of the terms of its charter or bylaws, or
of any contract or undertaking to which it is a party or by which any of its
properties may be bound or affected,

         (c) This Amendment and the Loan Agreement, as amended by this
Amendment, constitute each Borrower's legal, valid, and binding obligation,
enforceable against such Borrower in accordance with its terms,

         (d) This Amendment has been duly executed and delivered by each
Borrower,

         (e) The execution, delivery, and performance of the Consent is within
each Guarantor's and Limited Recourse Guarantor's corporate power, has been duly
authorized by all necessary corporate action, and is not in contravention of any
law, rule or regulation, or any order, judgment, decree, writ, injunction, or
award of any arbitrator, court or governmental authority, or of the terms of its
charter or bylaws, or of any contract or undertaking to which it is a party or
by which any of its properties may be bound or affected,

         (f) The Consent constitutes each Guarantor's and Limited Recourse
Guarantor's legal, valid, and binding obligations, enforceable against each such
Person in accordance with its terms,

         (g) No Default or Event of Default has occurred and is continuing on
the date hereof or as of the date of the effectiveness of this Amendment,

         (h) No injunction, writ, restraining order, or other order of any
nature prohibiting, directly or indirectly, the consummation of the transactions
contemplated herein has been issued and remains in force by any Governmental
Authority against Borrower, any Guarantor, Limited Recourse Guarantor, or any
member of the Lender Group, and

         (i) The Consent has been duly executed and delivered by each Guarantor
and Limited Recourse Guarantor.

6. CONSTRUCTION. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF CALIFORNIA APPLICABLE TO CONTRACTS MADE
AND TO BE PERFORMED IN THE STATE OF CALIFORNIA.

7. ENTIRE AMENDMENT; EFFECT OF AMENDMENT. This Amendment, and terms and
provisions hereof, constitute the entire agreement among the parties pertaining
to the subject matter hereof and supersedes any and all prior or contemporaneous
amendments relating to the subject matter hereof. Except for the amendments to
the Loan Agreement expressly set forth in Sections 2 and 3 hereof, the Loan
Agreement, as amended by the First Amendment, and other Loan Documents shall
remain unchanged and in full force and effect. The execution, delivery, and
performance of this Amendment shall not operate as a waiver of or, except as
expressly set forth herein, as an amendment of, any right, power, or remedy of
the Lender Group as in effect prior to the date hereof. The amendments set forth
herein are limited to the specifics hereof, shall not apply with respect to any
facts or occurrences other than those on which the same are based, shall not
excuse future non-compliance with the Loan Agreement, shall not operate as a
waiver of any Default or Event of Default. To the extent any terms or provisions
of this Amendment

                                      -3-
<PAGE>

conflict with those of the Loan Agreement or other Loan Documents, the terms and
provisions of this Amendment shall control. This Amendment is a Loan Document.

8. COUNTERPARTS; TELEFACSIMILE EXECUTION. This Amendment may be executed in any
number of counterparts, all of which taken together shall constitute one and the
same instrument and any of the parties hereto may execute this Amendment by
signing any such counterpart. Delivery of an executed counterpart of this
Amendment by telefacsimile shall be equally as effective as delivery of an
original executed counterpart of this Amendment. Any party delivering an
executed counterpart of this Amendment by telefacsimile also shall deliver an
original executed counterpart of this Amendment, but the failure to deliver an
original executed counterpart shall not affect the validity, enforceability, and
binding effect of this Amendment.

9. MISCELLANEOUS.

         (a) Upon the effectiveness of this Amendment, each reference in the
Loan Agreement to "this Agreement", "hereunder", "herein", "hereof" or words of
like import referring to the Loan Agreement shall mean and refer to the Loan
Agreement as amended by this Amendment.

         (b) Upon the effectiveness of this Amendment, each reference in the
Loan Documents to the "Loan Agreement", "thereunder", "therein", "thereof" or
words of like import referring to the Loan Agreement shall mean and refer to the
Loan Agreement as amended by this Amendment.

                                      -4-
<PAGE>

         IN WITNESS WHEREOF, the parties have caused this Amendment to be
executed and delivered as of the date first written above.

                                        THE MAJESTIC STAR CASINO, LLC
                                        an Indiana limited liability company

                                        By:    /s/ Jon S. Bennett
                                           ------------------------------------

                                        Title: Vice President & CFO
                                              ---------------------------------

                                        BARDEN MISSISSIPPI GAMING, LLC
                                        a Mississippi limited liability company

                                        By:    /s/ Jon S. Bennett
                                           ------------------------------------

                                        Title: Vice President & CFO
                                              ---------------------------------

                                        BARDEN COLORADO GAMING, LLC
                                        a Colorado limited liability company

                                        By:    /s/ Jon S. Bennett
                                           ------------------------------------

                                        Title: Vice President & CFO
                                              ---------------------------------

                                        WELLS FARGO FOOTHILL, INC.,
                                        a California corporation, as Agent and
                                        as a Lender

                                        By:    /s/ John T. Leonard
                                           ------------------------------------

                                        Title:  Vice President
                                              ---------------------------------

                                        GENERAL ELECTRIC CAPITAL CORPORATION,
                                        as a Lender

                                        By:    /s/ Kristen Andersen
                                           ------------------------------------

                                        Title: Duly Authorized Signatory
                                              ---------------------------------

                                   S-1

<PAGE>

                                    EXHIBIT A

                            REAFFIRMATION AND CONSENT

         All capitalized terms used herein but not otherwise defined herein
shall have the meanings ascribed to them in that certain Loan and Security
Agreement by and among THE MAJESTIC STAR CASINO, LLC, an Indiana limited
liability company ("Parent"), and each of Parent's Subsidiaries identified on
the signature pages thereof (such Subsidiaries, together with Parent, are
referred to hereinafter each individually as a "Borrower", and individually and
collectively, jointly and severally, as the "Borrowers"), each of the lenders
that is from time to time a party thereto (together with their respective
successors and permitted assigns, individually, "Lender" and, collectively,
"Lenders"), and WELLS FARGO FOOTHILL, INC., a California corporation, as the
arranger and administrative agent for the Lenders (in such capacity, together
with its successors, if any, in such capacity, "Agent"; and together with each
of the Lenders, individually and collectively the "Lender Group"), dated as of
October 7, 2003 (as amended, restated, supplemented or otherwise modified, the
"Loan Agreement"), or in Amendment Number Two to Loan and Security Agreement,
dated as of March 1, 2005 (the "Amendment"), among the borrowers and the Lender
Group. The undersigned each hereby (a) represent and warrant to the Lender Group
that the execution, delivery, and performance of this Reaffirmation and Consent
are within its powers, have been duly authorized by all necessary action, and
are not in contravention of any law, rule, or regulation, or any order,
judgment, decree, writ, injunction, or award of any arbitrator, court, or
governmental authority, or of the terms of its charter or bylaws, or of any
contract or undertaking to which it is a party or by which any of its properties
may be bound or affected; (b) consents to the amendment of the Loan Agreement by
the Amendment; (c) acknowledges and reaffirms its obligations owing to the
Lender Group under any Loan Documents to which it is a party; and (d) agrees
that each of the Loan Documents to which it is a party is and shall remain in
full force and effect. Although the undersigned has been informed of the matters
set forth herein and has acknowledged and agreed to same, it understands that
the Lender Group has no obligations to inform it of such matters in the future
or to seek its acknowledgment or agreement to future amendments, and nothing
herein shall create such a duty. Delivery of an executed counterpart of this
Reaffirmation and Consent by telefacsimile shall be equally as effective as
delivery of an original executed counterpart of this Reaffirmation and Consent.
Any party delivering an executed counterpart of this Reaffirmation and Consent
by telefacsimile also shall deliver an original executed counterpart of this
Reaffirmation and Consent but the failure to deliver an original executed
counterpart shall not affect the validity, enforceability, and binding effect of
this Reaffirmation and Consent. This Reaffirmation and Consent shall be governed
by the laws of the State of California.

                            [signature page follows]

<PAGE>

         IN WITNESS WHEREOF, the undersigned have each caused this Reaffirmation
and Consent to be executed as of the date of the Amendment.

                                        THE MAJESTIC STAR CASINO CAPITAL CORP.,
                                        an Indiana corporation

                                        By:
                                           -------------------------------------

                                        Name:
                                             -----------------------------------

                                        Title:
                                              ----------------------------------

                                        MAJESTIC INVESTOR, LLC,
                                        a Delaware limited liability company

                                        By:
                                           -------------------------------------

                                        Name:
                                             -----------------------------------

                                        Title:
                                              ----------------------------------

                                        MAJESTIC INVESTOR HOLDINGS, LLC,
                                        a Delaware limited liability company

                                        By:
                                           -------------------------------------

                                        Name:
                                             -----------------------------------

                                        Title:
                                              ----------------------------------

                                        MAJESTIC INVESTOR CAPITAL CORP.,
                                        a Delaware corporation

                                        By:
                                           -------------------------------------

                                        Name:
                                             -----------------------------------

                                        Title:
                                              ----------------------------------

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