Document:

<PAGE> 1

                              EMPLOYMENT AGREEMENT

         THIS AGREEMENT, made effective as of June 1, 2005, (the "Effective
Date") by and between AMERIANA BANK AND TRUST, SB ("Ameriana" or the "Bank"),
with its principal office in New Castle, Indiana, and JEROME J. GASSEN
("Executive"), an individual residing in the State of Indiana.

         WHEREAS, the Bank wishes to assure itself of the services of Executive
for the period provided in this Agreement, and Executive is willing to serve in
the employ of the Bank on a full-time basis for said period; and

         WHEREAS, the Board of Directors of the Bank (the "Board") has
determined that the best interests of the Bank would be served by providing
Executive with protection and special benefits following any change of control
of the Bank; and

         NOW, THEREFORE, in consideration of the mutual covenants herein
contained, the parties hereby agree as follows:

         1. EMPLOYMENT. The Bank agrees to employ Executive and Executive agrees
to remain in the employ of the Bank for the period stated in paragraph 3 hereof
and upon the other terms and conditions herein provided.

         2. POSITION AND RESPONSIBILITIES. Executive agrees to serve as
President and Chief Executive Officer of the Bank for the term and on the
conditions hereinafter set forth. Executive agrees to perform such services
consistent with his position as shall from time to time be assigned to him by
the Board.

         3. TERM AND DUTIES.

            (a) TERM OF EMPLOYMENT. The term of this Agreement shall be for a
period of thirty-six (36) months from the Effective Date and include any
extensions thereto. During each calendar year after the Effective Date, the
Board shall review the performance of Executive to determine whether or not to
extend the term of the Agreement beyond its expiration date.

            (b) DUTIES. During the period of his employment hereunder and except
for illnesses, reasonable vacation periods and reasonable leaves of absence,
Executive shall devote his business time, attention, skill and efforts to the
faithful performance of his duties hereunder; provided, however, that with the
approval of the Board, from time to time, Executive may serve, or continue to
serve, on the boards of directors of, and hold any other offices or positions in
companies or organizations which, in the Board's judgment, will not present any
material conflict of interest with the Bank or any of its subsidiaries or
affiliates or divisions, unfavorably affect the performance of Executive's
duties pursuant to this Agreement, or violate any applicable statute or
regulation.

<PAGE> 2

         4. COMPENSATION AND REIMBURSEMENT OF EXPENSES.

            (a) COMPENSATION. The Bank agrees to pay Executive during the term
of this Agreement a salary at the rate of $275,000 per annum; provided, however
that the rate of such salary shall be reviewed by the Board not less often than
annually. Such rate of salary, or increased rate of salary, if any, as the case
may be, may be further increased (but not decreased) from time to time in such
amount as the Board in its discretion may decide. Such salary shall be payable
in accordance with the customary payroll practices of the Bank, but in no event
less frequently than monthly, and any bonus shall be payable in the manner
specified by such committee or the Board at the time such bonus is awarded.

            (b) REIMBURSEMENT OF EXPENSES. The Bank shall pay or reimburse
Executive for all reasonable travel and other expenses incurred by Executive in
the performance of his obligations under this Agreement in accordance with the
Bank's policy on the date of this Agreement or as approved by the Board.

            (c) AUTOMOBILE AND CLUB MEMBERSHIP. The Bank agrees to provide
Executive with the use of an automobile and club membership commensurate with
his position during his period of employment (as mutually agreed upon between
Executive and the Compensation Committee of the Board).

            (d) STOCK OPTIONS. In connection with the commencement of his
employment, Executive shall receive an option to purchase 5,000 shares of common
stock of Ameriana Bancorp; the terms of which shall be set forth in a separate
written agreement.

         5. PARTICIPATION IN BENEFIT PLANS. The payments provided in paragraphs
4, 7, and 8 hereof are in addition to any benefits to which Executive may be, or
may become, entitled under any group hospitalization, health, dental care, or
sick leave plan, life or other insurance or death benefit plan, travel or
accident insurance, or executive contingent compensation plan, including,
without limitation, capital accumulation and termination pay programs,
restricted stock or stock purchase plan, stock option plan, retirement income,
qualified pension plan, supplemental pension plan (excess benefit plan), or
other present or future group employee benefit plan or program of the Bank for
which executives are or shall become eligible, and Executive shall be eligible
to receive during the period of his employment under this Agreement, and during
any subsequent period for which he shall be entitled to receive payments from
the Bank under paragraph 7 or paragraph 8, all benefits and emoluments for which
executives are eligible under every such plan or program to the extent
permissible under the general terms and provisions of such plans or programs and
in accordance with the provisions thereof.

         6. VACATION AND SICK LEAVE. At such reasonable times as the Board shall
in its discretion permit, executive shall be entitled, without loss of pay, to
absent himself voluntarily from the performance of his employment under this
Agreement, with all such voluntary absences to count as vacation time; provided
that:

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<PAGE> 3

            (a) Executive shall be entitled to an annual vacation in accordance
with the policies periodically established by the Board for senior management
officials of the Bank, which shall in no event be less than four weeks per
annum.

            (b) The timing of vacations shall be scheduled in a reasonable
manner by the Board. Executive shall not be entitled to receive any additional
compensation from the Bank on account of his failure to take a vacation; nor
shall he be entitled to accumulate unused vacation from one fiscal year to the
next, except to the extent authorized by the Board for senior management
officials of the Bank.

            (c) In addition to the aforesaid paid vacations, Executive shall be
entitled, without loss of pay, to absent himself voluntarily from the
performance of his employment with the Bank for such additional periods of time
and for such valid and legitimate reasons as the Board in its discretion may
determine. Further, the Board shall be entitled to grant to Executive a leave or
leaves of absence with or without pay at such time or times and upon such terms
and conditions as the Board in its discretion may determine.

            (d) In addition, Executive shall be entitled to an annual sick leave
as established by the Board for senior management officials of the Bank. In the
event any sick leave time shall not have been used during any year, such leave
shall accrue to subsequent years only to the extent authorized by the Board.
Upon termination of his employment, Executive shall not be entitled to receive
any additional compensation from the Bank for unused sick leave.

            7. BENEFITS PAYABLE UPON DISABILITY.

            (a) PRIMARY DISABILITY BENEFITS. In the event of the disability (as
hereinafter defined) of Executive, the Bank shall continue to pay Executive the
monthly compensation provided in paragraph 4 hereof during the period of his
disability; provided, however, that in the event Executive is disabled for a
continuous period exceeding six (6) calendar months, the Bank may, at its
election, terminate the Agreement, in which event Executive shall be entitled to
receive the benefits described in paragraph 7(b).

            As used in this Agreement, the term "disability" shall mean the
complete inability of Executive to perform his duties under this Agreement as
determined by an independent physician selected with the approval of the Bank
and Executive.

            (b) SECONDARY DISABILITY BENEFITS. The Bank shall pay to Executive a
monthly disability benefit equal to sixty percent (60%) of his monthly salary at
the time he became disabled. Payment of such disability benefit shall commence
on the last day of the month following the month for which the final payment
under paragraph 7(a) was made and cease with the earlier of (i) the payment for
the month in which Executive dies or (ii) the payment for the month preceding
the month in which occurs Executive's 65th Birthday or (iii) the payment for the
month immediately preceding the date Executive is no longer disabled.

                                       3

<PAGE> 4

            (c) DISABILITY BENEFIT OFFSET. Any amounts payable under paragraph
7(a) or 7(b) shall be reduced by any amounts paid to Executive under any other
disability program maintained by the Bank.

            (d) SERVICES DURING DISABILITY. During the period Executive is
entitled to receive payments under paragraphs 7(a) and (b), Executive shall, to
the extent that he is physically and mentally able to do so, furnish information
and assistance to the Bank, and, in addition, upon reasonable request in writing
on behalf of the Board, or an executive officer designated by the Board, from
time to time, make himself available to the Bank to undertake reasonable
assignments consistent with the dignity, importance, and scope of his prior
position and his physical and mental health. During such period of service,
Executive shall be responsible and report to, and be subject to the supervision
of, the Board or an executive officer designated by the Board, as to the method
and manner in which he shall perform such assignments, subject always to the
provisions of this paragraph 7(d), and shall keep such Board, or such executive
officer, appropriately informed of his progress in each such assignment.

            8. PAYMENTS TO EXECUTIVE UPON TERMINATION OF EMPLOYMENT.

            (a) EVENT OF TERMINATION. The Bank's board of directors may
terminate Executive's employment at any time, but any termination by the Bank's
board of directors other than termination for "cause," shall not prejudice
Executive's right to compensation or other benefits under the Agreement. Upon
the occurrence of an Event of Termination (as defined below) during the period
of Executive's employment under this Agreement, the provisions of this paragraph
8 shall apply. As used in this Agreement, an "Event of Termination" shall mean
termination by the Bank of Executive's employment hereunder for any reason other
than "cause" (as defined below), retirement at or after age 65, or termination
pursuant to Paragraph 7. A termination for "cause" shall include termination
because of Executive's personal dishonesty, incompetence, willful misconduct,
breach of fiduciary duty involving personal profit, intentional failure to
perform stated duties, willful violation of any law, rule or regulation (other
than traffic violations or similar offenses) or final cease-and-desist order, or
material breach of any provision of this Agreement. In the event of termination
for cause, Executive shall have no right to receive compensation or other
benefits for any period after such termination.

            (b) EVENT OF TERMINATION WITHOUT CHANGE OF CONTROL. Upon the
occurrence of an Event of Termination other than after a Change of Control (as
defined in Paragraph 8(d) hereof), the Bank shall pay to Executive monthly, or
in the event of his subsequent death, to his designated beneficiary or
beneficiaries, or to his estate, as the case may be, as severance pay or
liquidated damages, or both, during the period described below a sum equal to
the highest monthly rate of salary paid to Executive at any time under this
Agreement. Such payments shall commence on the last day of the month following
the date of said Event of Termination and shall continue as follows:

                (i) If the Event of Termination occurs during the six-month
period from the date Executive commences employment with the Bank, such payments
shall continue for six (6) months;

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<PAGE> 5

                (ii) If the Event of Termination occurs after six months from
the date Executive commences employment with the Bank but within two (2) years
from the Effective Date, such payments shall continue for twelve (12) months;

                (iii) If the Event of Termination occurs after two (2) years
from the date Executive commences employment with the Bank but within three (3)
years from the Effective Date, such payments shall continue for the lesser of
the remaining term of this Agreement (determined as of the date immediately
prior to the Event of Termination) and twenty-four (24) months;

                (iv) If the Event of Termination occurs after three (3) years
from the date Executive commences employment with the Bank, such payments shall
continue for the remaining term of this Agreement (determined as of the date
immediately prior to the Event of Termination).

            Notwithstanding the foregoing, in no event shall such payments made
pursuant to this subparagraph 8(b) exceed three times the final annual rate of
salary being paid to Executive as of the date of termination.

            (c) EVENT OF TERMINATION AFTER CHANGE OF CONTROL. If, after a
"Change of Control" (as defined in paragraph 8(d)) of the Bank or Ameriana
Bancorp (the Bank's "Parent"), the Bank shall terminate the employment of
Executive during the term of this Agreement for any reason other than "cause,"
as defined in paragraph 8(a), retirement at or after age 65, or a termination
pursuant to paragraph 7, or otherwise change the present capacity or
circumstances in which Executive is employed as set forth in paragraph 2 of this
Agreement or cause a reduction in Executive's responsibilities or authority or
compensation or other benefits provided under this Agreement without Executive's
written consent, then the Bank shall pay to Executive and provide Executive, or
his beneficiaries, dependents or estate, as the case may be, with the following:

                (i) The Bank shall promptly pay to Executive a sum equal to 2.99
times the average annual compensation payable by the Bank and includable by
Executive in gross income for the most recent five taxable years ending on or
before the date on which the ownership or control of the Bank or Parent changed
or the portion of this period during which Executive was an employee of the
Bank.

                (ii) During a period of thirty-six (36) calendar months
beginning with the Event of Termination, Executive, his dependents,
beneficiaries and estate shall continue to be covered under all employee benefit
plans of the Bank, including, without limitation, the Bank's pension plan, as if
Executive were still employed during such period under this Agreement.

                (iii) If and to the extent that benefits or service credits for
benefits provided by paragraph 8(c)(ii) shall not be payable or provided under
any such plans to Executive, his dependents, beneficiaries and estate, by reason
of his no longer being an

                                       5
<PAGE> 6

employee of the Bank upon his termination of employment, the Bank shall itself
pay or provide for payment of the value of such benefits or service credits for
benefits to Executive, his dependents, beneficiaries and estate. Any such
payment relating to retirement shall commence on a date selected by Executive,
which must be a date on which payments under the Bank's qualified pension plan
or successor plan may commence.

                (iv) The Bank shall pay all legal fees and expenses which
Executive may incur as a result of a contest concerning the validity or
enforceability of this Agreement and Executive shall be entitled to receive
interest thereon for the period of any delay in payment from the date such
payment was due at the rate determined by adding two hundred basis points to the
six month Treasury Bill rate. Notwithstanding anything herein to the contrary,
in no event shall the Bank be required to: (a) pay legal fees or expenses
incurred by Executive to enforce the Agreement unless a court of competent
jurisdiction renders a final judgment in favor of Executive; or (b) advance
legal fees or expenses incurred by Executive to enforce the contract unless
Executive is terminated without Just Cause after a change of control of Bank or
Parent not recommended by Parent's board of directors. Further, Executive shall
be required to reimburse the Bank for the legal fees and expenses advanced
pursuant to this subparagraph if a court of competent jurisdiction does not
render a final judgment in favor of Executive.

                (v) Executive shall not be required to mitigate the amount of
any payment provided for in this Agreement by seeking other employment or
otherwise nor shall any amounts received from other employment or otherwise by
Executive offset in any manner the obligations of the Bank hereunder.

                (vi) Notwithstanding anything contained in this Section 8(c)
herein to the contrary, in no event shall payments and benefits made pursuant to
this Section 8(c) be made which would result in such payments being classified
as an "excess parachute payment" as such term is defined under Section 280G of
the Internal Revenue Code of 1986, as amended (the "Code"). In the event that
such payments and benefits, if made, would be considered as an "excess parachute
payment", such payments shall be reduced by such dollar amount as is required so
that the total value of such payments and benefits when made shall not be
considered as an "excess parachute payment".

            (d) CHANGE OF CONTROL. Paragraph 8(c) shall become operative upon
the occurrence of a Change of Control of the Bank or Parent. A "Change of
Control" shall be deemed to have occurred, if at any time during the period of
employment of Executive set forth in paragraph 3 of the Agreement, more than
twenty-five percent (25%) of the Parent's or Bank's outstanding Common Stock, or
equivalent in voting power of any class or classes of outstanding securities of
the Parent or Bank ordinarily entitled to vote in elections of directors of
Parent or Bank, shall be acquired by any other corporations or other person or
group. "Group" shall mean persons who act in concert as described in Section
13(d) of the Securities Exchange Act of 1934, as amended. Upon a Change of
Control of the Parent or Bank, the special termination provisions of Section
8(c) shall become operative immediately.

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<PAGE> 7

            (e) SUSPENSION AND SPECIAL REGULATORY RULES.

                (i) If Executive is suspended and/or temporarily prohibited from
participating in the conduct of the Bank's affairs by a notice served under
section 8(e)(4) or (g)(l) of the Federal Deposit Insurance Act (12 U.S.C. 1818
(e)(4) and (g)(1)), the Bank's obligations under this contract shall be
suspended as of the date of service unless stayed by appropriate proceedings. If
the charges in the notice are dismissed, the Bank may in its discretion (i) pay
Executive all or part of the compensation withheld while its contract
obligations were suspended, and (ii) reinstate (in whole or in part) any of its
obligations which were suspended.

                (ii) If Executive is removed and/or permanently prohibited from
participating in the conduct of the Bank's affairs by an order issued under
Sections 8(e)(4) or 8 (g)(1) of the Federal Deposit Insurance Act ("FDIA") (12
U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Bank under this Agreement
shall terminate, as of the effective date of the order, but the vested rights of
the parties shall not be affected.

                (iii) If the Bank is in default (as defined in Section 3(x)(l)
of FDIA), all obligations under this Agreement shall terminate as of the date of
default, but this subparagraph shall not affect any vested rights of the
parties.

                (iv) Any payments made to Executive pursuant to this Agreement,
or otherwise, are subject to and conditioned upon their compliance with 12
U.S.C. Section 1828(k) and any regulations promulgated thereunder.

         9. SOURCE OF PAYMENTS. All payments provided in paragraphs 4, 7, and 8
shall be paid in cash from the general funds of the Bank, and no special or
separate fund shall be established and no other segregation of assets shall be
made to assure payment. Executive shall have no right, title, or interest
whatever in or to any investments which the Bank may make to aid the Bank in
meeting its obligations hereunder.

         10. CONFIDENTIAL INFORMATION.

            (a) During the term of this Agreement or at any time thereafter,
Executive will not, directly or indirectly, without the express written consent
of the Bank, communicate or divulge to, or use for his own benefit or for the
benefit of any other person, firm, association or corporation, any trade
secrets, proprietary data or other confidential information of the Bank or any
subsidiary or affiliate of the Bank, communicated to or otherwise learned or
acquired by Executive in the course of his employment with the Bank, except that
Executive may disclose such matters to the extent that disclosure is required
(i) in the course of the employment relationship with the Bank or (ii) by a
court or other governmental agency of competent jurisdiction. Executive shall
not use such trade secrets, proprietary data or other confidential information
as long as such matters remain trade secrets, proprietary data or other
confidential information in any way or in any capacity other than as an employee
of the Bank and to further the Bank's interests.

                                       7
<PAGE> 8

            (b) For a period of one year, but in no event shall such period
exceed the severance payment period set forth in Section 8(b) of the Agreement
(the "Restricted Period"), following the termination of Executive's employment
for any reason other than a termination for any reason following a Change in
Control, Executive will not contact, directly or indirectly, either for his own
benefit or for the benefit of any other person or entity (with a view towards
selling any products or providing services competitive with any products or
services sold, provided or proposed to be sold or provided by the Bank or any
subsidiary or affiliate of the Bank), firm, association or corporation located
in any county where the Bank or any affiliate or subsidiary of the Bank has a
branch office or in any contiguous county, (i) to which the Bank or any
affiliate or subsidiary of the Bank sold any product or service; (ii) which
Executive solicited, contacted or otherwise dealt with on behalf of the Bank or
any subsidiary or affiliate thereof; or (iii) which Executive was otherwise
aware was a client of the Bank or any subsidiary or affiliate thereof, during
the year preceding the termination of his employment. During the Restricted
Period, Executive will not directly or indirectly employ, or solicit the
employment of (whether as an employee, officer, director, agent, consultant or
independent contractor) any person who was or is at any time during the previous
twelve (12) months an employee, representative, officer or director of the Bank
or any subsidiary or affiliate of the Bank.

         11. FEDERAL INCOME TAX WITHHOLDING. The Bank may withhold from any
benefits payable under this Agreement all federal, state, city, or other taxes
as shall be required pursuant to any law or governmental regulation or ruling.

         12. EFFECT OF PRIOR AGREEMENTS. This Agreement contains the entire
understanding between the parties hereto and supersedes any prior employment
agreement between the Bank or any predecessor of the Bank and Executive.

         13. CONSOLIDATION, MERGER, OR SALE OF ASSETS. Nothing in this Agreement
shall preclude the Bank from consolidating or merging into or with, or
transferring all or substantially all, of its assets to another corporation
which assumes this Agreement and all obligations and undertakings of the Bank
hereunder. Upon such a consolidation, merger, or transfer of assets and
assumption, the term "the Bank" as used herein, shall mean such other
corporation and this Agreement shall continue in full force and effect.

         14. GENERAL PROVISIONS.

            (a) NONASSIGNABILITY. Neither this Agreement nor any right or
interest hereunder shall be assignable by Executive, his beneficiaries, or legal
representatives without the Bank's prior written consent; provided, however,
that nothing in this paragraph 14(a) shall preclude (i) Executive from
designating a beneficiary to receive any benefits payable hereunder upon his
death, or (ii) the executors, administrators, or other legal representatives of
Executive or his estate from assigning any rights hereunder to the person or
persons entitled thereto.

            (b) NO ATTACHMENT. Except as required by law, no right to receive
payments under this Agreement shall be subject to anticipation, commutation,
alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or
to execution, attachment, levy, or similar process of assignment by operation of
law, and any attempt, voluntary or involuntary,

                                       8
<PAGE> 9

to effect any such action shall be null, void, and of no effect.

            (c) BINDING AGREEMENT. This Agreement shall be binding upon, and
inure to the benefit of, Executive and the Bank and their respective permitted
successors and assigns.

        15. MODIFICATION AND WAIVER.

            (a) AMENDMENT OF AGREEMENT. This Agreement may not be modified or
amended except by an instrument in writing signed by the parties hereto.

            (b) WAIVER. No term or condition of this Agreement shall be deemed
to have been waived, nor shall there be an estoppel against the enforcement of
any provision of this Agreement, except by written instrument of the party
charged with such waiver or estoppel. No such written waiver shall be deemed a
continuing waiver unless specifically stated therein, and each waiver shall
operate only as to the specific term or condition waived and shall not
constitute a waiver of such term or condition for the future or as to any act
other than that specifically waived.

        16. SEVERABILITY. If, for any reason, any provision of this Agreement
is held invalid, such invalidity shall not affect any other provision of this
Agreement not held so invalid, and each such other provision shall, to the full
extent consistent with law, continue in full force and effect. If any provision
of this Agreement shall be held invalid in part, such invalidity shall in no way
affect the rest of such provision, which, together with all other provisions of
this Agreement, shall to the full extent consistent with law continue in full
force and effect. If this Agreement is held invalid or cannot be enforced, then
to the full extent permitted by law any prior agreement between the Bank (or any
predecessor thereof) and Executive shall be deemed reinstated as if this
Agreement has not been executed.

        17. HEADINGS. The headings of paragraphs herein are included solely for
convenience of reference and shall not control the meaning or interpretation of
any of the provisions of this Agreement.

        18. GOVERNING LAW. This Agreement has been executed and delivered in
the State of Indiana, and its validity, interpretation, performance, and
enforcement shall be governed by the laws of said State, except to the extent
Federal law is governing.

                                       9

<PAGE> 10

         IN WITNESS WHEREOF, the Bank has caused this Agreement to be executed
and its seal to be affixed hereunto by its officers thereunto duly authorized,
and Executive has signed this Agreement, all as of the day and year first above
written.

                                           AMERIANA BANK AND TRUST, SB

Attest:

                                           /s/ Paul W. Prior
---------------------------                -------------------------------------
                                           Chairman of the Board of Directors

Witness:

                                           /s/ Jerome J. Gassen
---------------------------                -------------------------------------
                                           President and Chief Executive OfficerNedbank Loan Agreement

    
      

    

    
      	 NEDBANK	
               

              LOAN
                AGREEMENT

            	 	
              CLIENT
                NO:

            	
              ITEM
                NO:

            
	 	
              2934744

            	
              0001

            
	 	
              SUBDIVISION
                NO:

            	
              0000

            

    

     

    

    Between  NEDBANK
      LIMITED (BUSINESS
      BANKING                                                                                                                                                                                                            
      ("the
      bank")

    of  BOLAND
      REGIONAL OFFICE 20 BERGSIG AVENUE ZOMERLUST ESTATE PAARL
      7646                                                                                                                      
      ("the borrower")

    and  
      CENTURY CASINOS CALEDON (PTY) LTD (199601070807)

    of  1
      NERINA AVENUE CALEDON 7230

    

    whereby
      the bank furnishes to the borrower who hereby accepts a loan facility as set
      out
      in schedule 1 hereto, subject to the terms and conditions herein.

    

    
      	
              SCHEDULE
                1

               

              LOAN
                AMOUNT

               

               

              REVENUE
                STAMPS

               

               

              LESS:
                INITIAL PAYMENT

               

              PRINCIPAL
                DEBT

               

              PLUS
                : FINANCE CHARGES TO BE CALCULATED

              at
                9.000.%P.A.)

              3

               

              TOTAL
                PAYABLE

            	
               

               

              R

               

               

              R

               

              R

               

              R

               

              R

               

               

               

              R

            	
               

               

              60000000.00

               

               

              R
                0.00

               

               

              0.00

               

              60000000.00

               

              14785358.40

               

               

               

              74785358.40

               

            	 	
               

              DEBIT
                ORDER AUTHORISATION

               

              Authority
                is hereby granted to debit my/our account in the name of

               

              currently
                at

              name
                of Bank    branch
                

               

              bank
                clearing no  account
                no 

              from
                time to time in payment of moneys due and payable to the bank in
                respect
                of this Agreement.

               

              AUTHORISED
                SIGNATORIES:

               

               

              1.___________________________________
                2._______________________________

               

               

              ___________________________________
                _______________________________

              Full
                names and designation Full names and designation

               

               

              DATE:_______________________________

            
	 
	
              Payable
                by 60 payments of R1246422.64 each, the first payment payable on
                01/10/2005 and subsequent payments on day 1 of each succeeding month
                with
                the final payment payable on 01/09/2010.

              A
                Documentation Fee of R1200.00 (inclusive of VAT) is
                payable.

            

    

    

    

    
      	
              SCHEDULE
                2(TWO): SECURITIES

               

              See
                annexure B attached hereto for the new
                securities.

            

    

    

    

    
      	
              1.

              SIGNATURE
                (BORROWER) s/s Christian Gernert

              for
                and on behalf of who warrants that he is duly authorised
                thereto

               

              CENTURY
                CASINOS CALEDON (PTY) LTD

               

              (Full
                names of Borrower)

              duly
                authorised thereto

            	
              1
                Nerina Ave, Caledon

              PLACE

            	
              26-08-2005

              DATE

            	
              s/sMorne
                Rossouw

              WITNESS

               

              Full
                name : Mourne Rossouw

               

              Address
                :9 Plantasie Strret

                      Caledon  

               

            
	
               

              2.s/sMourne
                Rossouw

              SIGNATURE
                (BANK)

              for
                and on behalf of the bank who warrants that he is duly authorised
                thereto

            	
               

              Caledon

              PLACE

            	
               

              26-08-2005

              DATE

            	
               

              s/sRicardo
                Samuels

              WITNESS

              Employee
                number ( or full name ):Ricardo Edcar Samuels

               

               

            

    

    

    
      
        
          Nedbank
            Limited (Business Banking Reg
            No. 1951/000009/06

          We
            subscribe to the Code
            of
            Banking Practice of the Banking Council of South Africa and, for unresolved
            disputes, support resolution through the Ombudsman for Banking
            Services.

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              NB94E
                15/09/2004 v26

              TERMS
                AND CONDITIONS

            	
              CLIENT
                NO. : 2934744 
                ITEM NO. : 0001 SUB
                DIVISION NO. 0000

            

    

    
       

      1.INTERPRETATION
        

    

    In
      this
      agreement, unless the contrary is expressly indicated:

    1.1 words
      and expressions shall bear the meanings as set out hereunder - 

    1.1.1 "business
      day" shall mean a day which is not a public holiday, Saturday or Sunday in
      the
      Republic of South Africa; 

    1.1.2 "finance
      charges" shall be calculated by including the first day and excluding the last
      day of payment; 

    1.1.3 “the
      commencement date" shall mean the date on which the loan facility is made
      available to the borrower by the bank, as set out in schedule 1 hereto;

    1.1.4 "material
      or materially" shall mean an act or omission or circumstances that may, in
      the
      bank's sole judgement, prejudice the bank's rights or interests in terms of
      this
      agreement or any agreement pursuant to this agreement; 

    1.1.5 “month”
      shall mean a period calculated from any specified day to and including the
      day
      numerically corresponding to such specified day (or, if there shall be no day
      numerically corresponding to such specified day, the last day) in the relevant
      subsequent calendar month;

    1.1.6 "prime
      rate" shall mean the nominal annual rate of interest as determined by Nedbank
      Limited from time to time;

    1.1.7 "the
      parties" shall mean, collectively, the bank and the borrower; and

    1.1.8 "year"
      shall mean a period calculated from any specified day up to and including the
      day numerically corresponding to such specified day in the relevant subsequent
      year; 

    1.2 the
      headings in this agreement are for convenience of reference only and shall
      not
      be taken into account in the construction or interpretation thereof;

    1.3 
      words
      in singular shall include the plural and vice versa, words in the masculine
      gender shall include the feminine and neuter genders and vice
      versa.

    2.LOAN
      FACILITY 

    2.1 The
      loan
      facility shall be made available to the borrower on the date of compliance
      with
      clause 3 below. 

    2.2 The
      period of the loan facility is set out in schedule 1 hereto. 

    2.3 The
      finance charge rate quoted in the schedule 1 hereto is variable and linked
      to
      the Nedbank prime rate. 

    2.4 The
      finance charges and instalments quoted in the schedule 1 hereto shall therefore
      be adjusted commensurately with any change in the Nedbank prime rate from time
      to time. 

    2.5 All
      finance charge rates relevant to this agreement shall be nominal annual
      compounded monthly rates. 

    3.SECURITY
      

    The
      loan
      facility shall be subject to the securities set out in schedule 2 hereto having
      been furnished

    by
      the
      borrower to the satisfaction of the bank. 

    4.REPAYMENT
      

    4.1 The
      principal debt and finance charges shall be repaid as stipulated in schedule
      1
      hereto. 

    
      	4.2  	
              Should
                any amount payable in terms hereof not be paid on the due date or
                dates
                agreed upon in terms of this agreement, such amount shall (without
                diminution of any other rights which the bank may hereby or otherwise
                acquire) bear interest at a rate of 5% per annum above the Nedbank
                prime
                rate, from time to time, calculated as from the due date of payment
                to the
                date of actual payment.The borrower may effect early repayment of
                the
                balance outstanding upon written notice to that effect to the bank
                and
                upon payment of the principal debt and recalculated finance charges.The
                date specified in such notice shall be deemed to be the date on which
                the
                outstanding balance of the principal debt and recalculated finance
                charges
                thereon shall be paid by the borrower to the
                bank.

            

    

    
      	4.3  	
              Subject
                to the borrower not being in breach of this agreement the borrower
                will be
                entitled to terminate this agreement before expiration.
                

            

    

    
      	4.4  	
              In
                the event that the borrower makes the election in terms of clause
                4.3
                above and, if this agreement is subject to the Usury Act, 1968
                (Act No 73 of 1968) and the principal debt does not,
                on the date
                of this agreement, exceed the sum of R250 000,00 (or such other amount
                as
                may from time to time be prescribed by regulation for the purposes
                of
                section 3A(2)(a) of the Act), but not otherwise, the borrower is
                entitled
                to repay the principal debt and finance charges in one amount before
                the
                due date thereof, provided that -

            

    

    4.4.1
      the borrower gives the bank 90 (ninety) days' written notice (or such longer
      period as may be prescribed by regulation for the purposes of section 3A of
      the
      Act) of the borrower's intention to do so;

    4.4.2
      such notice shall not be given prior to 90 (ninety) days after the date of
      this
      agreement;

    4.4.3
      such notice shall state the date on which the borrower intends to pay the
      outstanding balance and finance charges in one amount; and

    4.4.4
      should such notice be given by the borrower, the date stated by the borrower
      as
      that on which payment will be made will be deemed to be the date on which the
      outstanding balance of the principal debt and finance charges thereon shall
      be
      paid.

    5.LEGISLATION
      

    Should
      there be any change in South African or foreign law, including but not limited
      to, any change in the rate calculation, method or nature of taxation or
      deduction or allowance in respect of the bank's income in terms of tax
      legislation, or any increase in the prudential requirement of the bank in terms
      of the Banks Act or the regulations thereunder, which would increase the costs
      to the bank in terms of this facility, then the bank shall be entitled, on
      each
      occurrence of any of the aforesaid events and without prior notice to the
      borrower, to increase the finance charge rate applicable hereto with such an
      amount so as to place the bank in the same financial position as it would have
      been had the said events not occurred. 

    6.BREACH
      

    6.1 The
      loan
      facility shall become immediately due and payable on the occurrence of any
      one
      of the following events, each of which shall be severable and distinct from
      the
      other of them: 

    6.1.1 the
      borrower commits an act similar to an act of insolvency as defined in the
      Insolvency Act of 1936 (as amended) or an act defined in terms of section 344
      of
      the Companies Act of 1973 (as amended); or 

    6.1.2 the
      borrower is unable or ceases for any reason whatsoever to conduct its normal
      line of business in an ordinary and regular manner; or 

    6.1.3 the
      borrower commits a breach of any of the terms and conditions of this agreement
      including but not limited to, non-compliance with clause 7 of this agreement,
      or
      any other agreement or instrument pursuant to this agreement; or 

    6.1.4 any
      material asset of the borrower is attached under writ of execution; or

    6.1.5 the
      borrower disposes of a material portion of its undertakings or assets or changes
      its asset structure, except in the normal course of business, or the value
      of
      the borrower's assets is materially reduced; or 

    6.1.6 the
      borrower is voluntarily or compulsorily placed under judicial management or
      is
      wound up or enters into a compromise, composition or arrangement with its
      creditors, or any class thereof; or 

    6.1.7 the
      ultimate beneficial control of the borrower changes during the period of the
      loan facility; or 

    
      	6.1.8  	
              a
                material change in the financial condition of the borrower occurs
                subsequent to the date of its last audited financial statements and
                such
                change will, in the opinion of the bank's auditors, prevent or aggravate
                the borrower's ability to perform or observe its obligations in terms
                of
                this agreement; or 

            

    

    
      	6.1.9  	
              the
                borrower breaches any other agreement with the bank;
                or

            

    

    6.1.10any
      material indebtedness or obligation for any loans, constituting indebtedness
      of
      the borrower becomes due and payable prior to its specified maturity by reason
      of default or is not paid when due. 

    6.2. Should
      such event be incapable of remedy or should the borrower fail to remedy or
      procure the remedy of the same within the time period thus provided, in the
      case
      of non-payment of any amount within 7 days, or in the case of any other
      remediable breach within 21 days (or such longer period as may be agreed between
      the parties), in each case after receipt of written notice from the bank calling
      for rectification thereof, then the bank shall be entitled, without derogating
      from any other right which the bank may hereby or otherwise require, to:

    
      	6.2.1  	
              claim
                immediate repayment of all or any amounts owing under this agreement
                or
                from whatever other cause arising in connection therewith, all of
                which
                amounts shall immediately become due and payable and all such amounts
                shall bear interest at a rate of 5% per annum above the Nedbank prime
                rate
                calculated as from the date of default or non-payment to the date
                of
                actual payment; and/or 

            

    

    
      	6.2.2  	
              in
                its sole discretion, review and amend the terms and period of the
                loan
                facility; and/or

            

    

    
      	6.2.3  	
              apply
                any amount whatsoever standing to the credit of the borrower in the
                books
                of the bank, in payment of the loan facility or costs or finance
                charges
                due in terms of this agreement.

            

    

    6.3. Without
      prejudice to any other provision of this agreement, the borrower hereby
      indemnifies the bank against any loss or expense the bank may reasonably sustain
      or incur, including costs as between attorney and own client, as a consequence
      of the failure by the borrower to pay, when due, any principal repayment or
      any
      finance charges on the loan facility or any other amount payable hereunder.
      

    7.UNDERTAKINGS
      AND COVENANTS 

    7.1 The
      borrower hereby agrees and undertakes that, until the principal debt plus
      finance charges has been repaid in full, the borrower shall: 

    7.1.1 furnish
      the bank with the audited annual financial statements (consolidated, if the
      borrower has subsidiaries) and all other financial information with which a
      shareholder is entitled to be furnished by the borrower, within 180 days of
      the
      end of the financial year of the borrower;

    7.1.2 maintain
      in full force and effect all government, tax, monetary and other approvals
      required to enable the borrower to maintain its corporate status to continue
      in
      its business and affairs; 

    7.1.3 not
      encumber any of its assets, except for existing encumbrances, without prior
      written consent of the bank, which consent shall not be unreasonably withheld
      if
      the encumbrances are in the normal course of business;

    7.1.4 immediately
      notify the bank of any change in the present shareholding or beneficial
      ownership of the borrower, whereupon the bank shall be entitled to review the
      terms of the loan facility and, if the bank regards in its sole discretion
      the
      change to be material, the bank shall be entitled to cancel this agreement;
      

    7.1.5 ensure
      that all necessary exchange control approvals have been obtained from the
      Reserve bank and complied with.

    7.2 The
      borrower represents and warrants to the bank that: 

    7.2.1 it
      is a
      company duly registered and existing under the laws of the Republic of South
      Africa; 

    7.2.2 it
      has
      full power to enter into and perform in terms of this agreement and has taken
      all necessary corporate and other actions to authorise the borrowings hereunder,
      including such steps as may be necessary to comply with the provisions of
      Article 60 of Table A or Article 61 of Table B of the Companies Act of 1973
      (as
      amended), if applicable; 

    7.2.3 this
      agreement constitutes a legal, valid, binding and enforceable obligation of
      the
      borrower; 

    7.2.4 no
      litigation, arbitration or administrative proceeding is currently in progress
      or, to the knowledge of the borrower, pending or threatened against it, or
      any
      of its assets, which relates in any manner to this agreement or which would
      have
      a materially adverse effect on the financial condition of the borrower;

    7.2.5 it
      is
      not a party to any agreement materially affecting, or which is likely to
      materially affect, its financial condition; 

    7.2.6 it
      has
      good title to all its assets which are reflected in its financial statements
      or
      has not sold or otherwise disposed of any such assets as reflected in its last
      audited financial balance sheet for the last financial year, except in the
      ordinary course of business; 

    7.2.7 its
      last
      published annual report fairly represents the consolidated financial position
      of
      the borrower and its subsidiaries, where applicable, and the consolidated
      results of their operation for that financial year, and that the said financial
      statements have been prepared in accordance with generally accepted accounting
      principles in the Republic of South Africa consistently applied, and that the
      borrower does not have significant liabilities, present or continued including,
      without limitation, liabilities for taxes or material forward or long term
      commitments which are not disclosed or provided for in such financial
      statements; 

    7.2.8 there
      has been no material adverse change in the financial or other condition of
      the
      borrower since the date of its last audited financial statements. 

    7.3 The
      borrower shall be deemed on the anniversary of each year after date of signature
      of this agreement to represent and warrant that each of the representations
      and
      warranties is true and accurate on such day and, in addition, that the then
      latest accounts of the borrower and its subsidiaries, delivered to the bank
      pursuant hereto, fairly represents the financial position of the borrower or
      the
      consolidated financial position of the borrower and its subsidiaries, as the
      case may be. 

    8.GENERAL
      CONDITIONS 

    8.1 The
      bank
      shall have the right to allocate any payments by the borrower to it in respect
      of the loan facility as to the costs, interest, penalty interest and capital
      in
      respect of this agreement in any order and proportion as the bank deems fit.
      

    8.2 All
      payments to be made by the borrower hereunder shall be made free and without
      deduction of any taxes, charges or costs. If the borrower shall at any time
      be
      compelled by law to withhold or deduct taxes from any amounts payable to the
      bank, the amounts so payable to the bank shall be increased to such extent
      that
      the net amounts after such withholdings or deductions shall equal the amount
      of
      interest, capital or any other amount provided for in this agreement.

    8.3 No
      variation of this agreement shall be of any force and effect unless reduced
      to
      writing and signed by the parties or their authorised agents. This agreement
      supersedes and replaces all previous agreements between the parties with respect
      to the loan facility. 

    8.4 No
      relaxation or indulgence which either party may show to the other shall in
      any
      way prejudice or be deemed to be a waiver of its rights in terms hereof or
      be a
      novation of this agreement. 

    8.5 Save
      where the borrower has opened an associated transaction account, this agreement
      is the whole agreement between the parties and no variation shall be of any
      force or effect unless agreed to by the bank in writing. Where the borrower
      has
      opened an associated transaction account the finance charge rate to be applied
      during any month in respect of which the terms and conditions applicable to
      such
      associated transaction account have application, will be the rate derived from
      the undermentioned formula, namely: 

    Cx(1-Yx(A/B))

    Where:-

    A
      =
      transaction account average daily balance for the previous month.

    B
      = the
      present value of the outstanding instalments at the time of calculating this
      finance charge rate.

    C
      =
      variable finance charge rate otherwise applicable under this agreement in
      respect of the month in question.

    Y
      =
      variable bank margin factor, which may be adjusted from time to time by
      agreement between the parties.

    Any
      such
      transaction account shall only come into effect upon compliance with clause
      3
      above.

    8.6 Without
      prejudice to the bank's right to institute proceedings in a high court having
      jurisdiction, the parties agree and the borrower hereby consents to the
      jurisdiction of the magistrate's court having jurisdiction over its person
      notwithstanding that the cause of action or amount of any claim hereunder might
      exceed the jurisdiction of any magistrate's court. 

    8.7 The
      bank
      shall be entitled to cede, assign and/or transfer the whole or portion of its
      rights and/or obligations in terms hereof to any other financial institution
      being a subsidiary of the bank, without the prior consent of the borrower.
      

    8.8 All
      reasonable costs of and incidental to the drawing and preparation of this
      agreement and the stamp duty of this agreement and on all other documents and
      all  

    costs
      which the bank may incur in connection with the enforcement or the preservation
      of any of its rights under this agreement, shall be borne and paid by the
      borrower. 

    8.9 For
      the
      purpose of any litigation, or otherwise, a certificate written and signed by
      any
      manager of the bank (whose status need not be proven) setting out the amount
      of
      the borrower's indebtedness to the bank in terms hereof, shall be prima facie
      proof of the correctness of the amount owing including, but not limited to,
      damages, costs and interest due and owing. 

    8.10 All
      the
      provisions of this agreement shall be severable and no provision shall be
      affected by the invalidity of any other provision of this agreement.

    9.IMPOSSIBILITY
      

    Where,
      as a result of vis major, casus fortuitus, an act of God, an act of the State
      or
      any statutory authority, any statutory provision or the application thereof,
      war
      or civil unrest or any other act or happening beyond the control of the bank,
      the bank finds itself in its sole judgement unable to give effect to any part
      of
      this agreement, the bank may at its election and without becoming liable for
      consequential or any other damages: 

    9.1 cancel
      this agreement by giving written notice to the borrower to that effect, and
      demand repayment of the principal debt plus finance charges, recalculated to
      the
      date of repayment, within 30 days from the date of notice of cancellation;
      or

    9.2 notify
      the borrower of its inability to perform, partially or in full, in terms of
      this
      agreement and cancel the uncompleted or any other portion of this agreement
      and,
      if applicable, demand repayment of the cancelled portion of the principal debt
      and recalculated finance charges within 30 days from the date of the notice
      or
      cancellation. 

    10.DOMICILIA
      

    10.1 The
      parties hereby choose as domicilium citandi et executandi, at their respective
      addresses in the Republic of South Africa as set out on page 1 of this agreement
      . 

    10.2 Either
      party may change its address to any other physical address in the Republic
      of
      South Africa by notifying the other party to that effect. Such change of address
      shall become effective 5 (five) business days after receipt of notice of the
      change of address. 

    10.3 Any
      notice between the parties to this agreement shall prima facie be deemed to
      have
      been duly delivered on the day of hand delivery or on the fourth day after
      the
      posting of a prepaid registered letter. 

    

    

    

    

    Signature:
      ____s/s_Christian
      Gernert__________________________________________________________________________

    
      
        
          Nedbank
            Limited (Business Banking Reg
            No. 1951/000009/06

          We
            subscribe to the Code
            of
            Banking Practice of the Banking Council of South Africa and, for unresolved
            disputes, support resolution through the Ombudsman for Banking
            Services.

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    DECLARATION
      IN TERMS OF THE LONG- AND SHORT-TERM INSURANCE ACTS, 1998

    

    
      	1.  	
              Insurance

            

    

    Declaration
      in terms of:

    
      	-  	
              section
                44 of the Long Term Insurance Act, 52 of 1998;
                and

            

    

    -section
      43 of the Short Term Insurance Act, 53 of 1998.

    

    In
      the
      event of me/us being required to provide an insurance policy, whether a
      long-term or short-term policy, as protection for my/our indebtedness to Nedbank
      Limited, Asset Finance Division, I/we understand that I/we am/are entitled
      to
      either make an existing policy available or to enter into a new policy or
      utilise a combination of the options.

    

    I/we
      understand that I/we cannot avail myself/ourselves of the entitlements set
      out
      below when I/we am/are required to make a short-term insurance policy available
      as protection for my/our indebtedness to Nedbank Limited, Asset Finance
      Division, in relation to a contract in terms of which money is loaned upon
      the
      security of the mortgage of immovable property.

    

    
      	1.1  	
              If
                I/we elect to enter into a new policy, I/we understand that I/we
                am/are
                entitled to:

            

    

    (i)  choose
      both the insurer and the intermediary to render the contemplated
      service;

    (ii) 
      in
      respect of long-term policies, only effect cover for death and
      disability;

    
      	(ii)  	
              only
                effect cover to the value of the
                indebtedness.

            

    

    

    
      	1.2  	
              If
                I/we elect to make an existing policy available, I/we understand
                that:

            

    

    
      	(i)  	
              I/We
                am/are entitled to choose the intermediary to render the contemplated
                services;

            

    

    
      	(ii)  	
              I/We
                need only vary the existing policy to the extent
                that:

            

    

    a) in
      respect of long-term policies, policy benefits are to be provided in the event
      of death and disability of the life insured;

    
      	b)  	
              the
                value of the benefits are not less than the value of the
                indebtedness.

            

    

    

    
      	1.3  	
              I/We
                declare that I/we have been made aware of the following exclusions
                if an
                automatic settlement benefit (ASB) policy is used as security otherwise
                in
                conjunction with this agreement:

            

    

    
      	(i)  	
              any
                preexisting medical condition may invalidate a claim under the
                policy;

            

    

    
      	(ii)  	
              any
                medical condition (excluding minor conditions such as the flu) for
                which
                I/we have consulted or received treatment from any medical practitioner
                or
                were hospitalised for treatment or surgery or specialist investigation
                during the past two years is specifically excluded from cover for
                a period
                of two years;

            

    

    
      	(iii)  	
              no
                benefit will be payable for any claim arising from AIDS or HIV
                infection;

            

    

    
      	(iv)  	
              no
                benefit will be payable if the cause is due to my/our own
                actions.

            

    

    

    
      	1.4  	
              I/We
                authorise the insurer:

            

    

    
      	(i)  	
              to
                obtain information from any person, who is authorised and requested
                to
                provide such information, required by the insurer;
                and

            

    

    
      	(ii)  	
              to
                share with other insurers information contained in the finance application
                or any related policy or any other document, either directly or through
                a
                database operated by or for insurers, at any time (even after my
                death) in
                such a manner as may be decided by the Insurer or the operator of
                such a
                database.

            

    

    

    
      	1.5  	
              I/We,
                therefore, declare that I/we:

            

    

    
      	(i)  	
              was/were
                given this notice of entitlement prior to providing or effecting
                the
                required insurance policy; and

            

    

    
      	(ii)  	
              exercised
                freedom of choice in respect of the abovementioned entitlements;
                and

            

    

    
      	(iii)  	
              was/were
                not subject to any coercion or inducement as to the manner in which
                I/we
                exercised my/our freedom of choice.

            

    

    

    2.  Acknowledgement

    I/We
      the
      undersigned hereby declare that I/we have read and understood the terms and
      conditions of the agreement concerned, together with the schedule, and agree
      to
      abide by the provisions thereof.

    

    

    
      	
              Signed
                at

            	 ___Caledon_________________________________________________	
              on

            	
              26        /

            	
              08    /

            	2005 
	 	
              (place)

            	 	
              (day)

            	
              (month)

            	
              (year)

            

    

    

    

    

    
      	
              Witnesses

            	 	 s/s Christian Gernert
	
              1.

            	
               s/s Morne Rossouw

            	 	
              (Signature)

              For
                and on behalf of the client, who warrants that he/she is duly
                authorised

            
	
              2.

            	 __________________________________________________	 	 
	 	 	 	 

    

    

    

    
      
        
          Nedbank
            Limited (Business Banking Reg
            No. 1951/000009/06

          We
            subscribe to the Code
            of
            Banking Practice of the Banking Council of South Africa and, for unresolved
            disputes, support resolution through the Ombudsman for Banking
            Services.

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    
      	
               NEDBANK

               

            	
               

              ANNEXURE
                A

            	 	
              CLIENT
                NO:

            	
              ITEM
                NO:

            
	 	
              2934744

            	
              0001

            
	 	
              SUBDIVISION
                NO:

            	
              0000

            

    

    

    This
      Annexure A forms the subject of a Loan Agreement entered into by and
      between

    CENTURY
      CASINOS CALEDON (PTY) LTD (199601070807)

    of
      1
      NERINA AVENUE CALEDON 7230

    and
      Nedbank
      Limited (Business Banking

    of
      Boland
      Regional Office 20 Bergsig Avenue Zomerlust Estate PAARL
      7646

    

    Signed
      on:_________________26-08-2005____________________________

    

    P
      A Y M E N T D E T A I L S

    

    
      	
              No
                Of Payments

            	
              Amount

            	
              Start
                Date

            	
              Frequency

            
	
              60

            	
              1246422.64

               

               

               

               

               

               

               

               

               

            	
              01/10/2005

            	
              Monthly

               

               

               

               

               

               

               

               

               

               

            

    

    

    

    

    Your
      payment date will be on day 1 of the month.

    

    A
      Documentation Fee of R1200.00 (inclusive of VAT) is payable.

    

    

    Signed
      at 1 Nerina Avenue, Caledon                    on____26-08_____________year_____2005__

    

    

    

    s/s
      Mourne
      Rossow         

    Witness                       
for
      and on behalf
      of:

                    
      CENTURY CASINOS CALEDON (PTY) LTD

    

    Signed
      at
      Caledon                            
on________26-08_________year____2005___

    

    

    

    s/s
      Ricardo Rdcar
      Samuels                                                     

    Witness                
 for
      and
      on behalf of:

                   
      Nedbank Limited (Business Banking)

    

    

    

    

    

    

    

    

    

    We
      subscribe to the Code of Banking Practice of the Banking Council of South Africa
      and, for unresolved disputes, support resolution through the Ombudsman for
      Banking Services.

    ANNEX_E
      26/07/2004 v24

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ANNEXURE
      “ B “ TO A LOAN AGREEMENT BETWEEN NEDBANK LIMITED (COMMERCIAL) (REG NR
      1951/000009/06) (“THE BANK”) AND CENTURY CASINOS CALEDON (PTY) LTD (REG.
      199601070807) (“THE BORROWER”)

    

    

    NEW
      SECURITIES:

    

    1.
      The
      Registration of a First covering bond of R60 000 000.00 over:

    

     
Erf
      2842, Caledon (Extent:
      11,5060ha)

         
      Erf 2843, Caledon (Extent: 65,7270ha)

         
      Erf 2844, Caledon (Extent: 29,8924ha)

         
      Erf 2857, Caledon (Extent: 71,6142ha)

         
      Erf 2858, Caledon (Extent: 2,6732ha)

         
      Erf 2859, Caledon (Extent: 20,9124ha)

         
      Erf 2860, Caledon (Extent: 22,6821ha)

         
      Erf 2861, Caledon (Extent: 3,6015ha)

    

    2.
      The
      Registration of a General Covering Notarial Bond over all moveable assets
      acceptable to Nedbank, in the amount of R10 000 000.00.

    

    3.
      Unlimited Suretyship (including cession of loan funds) by Century Casinos Africa
      (Pty) Ltd

       
      (Reg. 199601050107).

    

    4.
      Pledge
      by Century Casinos Africa (Pty) Ltd (Reg. 199601050107) of 100% of the issued
      share capital in Century Casinos Caledon (Pty) Ltd.

    

    5.
      Cession of Short term Insurance over property.

    

    6.
      It is
      a condition precedent to the operation of this agreement that the said security
      is provided. No funds will be made available prior to the perfection of all
      securities to the satisfaction of Nedbank. Notwithstanding the aforesaid, if
      Nedbank advances any funds to any entity forming part of the borrower prior
      to
      Nedbank being in possession of all the securities required in terms hereof,
      any
      such funding shall not be regarded as a waiver of Ned bank’s rights in obtaining
      the required security not yet provided.

    

    7.
      The
      security will be required as continuing security for all Nedbank facilities
      of
      which the borrower avails itself from time to time.

    

    

    

    

    ..................................................                                
      ............                                    ....................                                               
      ..............................

    SIGNATURE
      (BORROWER)                                    
       PLACE                                        
      DATE                                                               
      WITNESS

    for
      and on behalf

    of
      the borrower who warrants that 

    he
      is duly authorised thereto

    CENTURY
      CASINOS CALEDON (PTY) LTD

    

    

    ................................................                             
       .............                                    
      ...................                                                 .............................

    SIGNATURE
      (BANK)                                                 PLACE                                         
      DATE                                                                
      WITNESS

    for
      and on behalf of the bank

    who
      warrants that he is duly

    authorised
      thereto

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}]]