Document:

EX-10.6

 

Exhibit 10.6

NONQUALIFIED DEFERRED COMPENSATION AGREEMENT

     This Deferred Compensation Agreement (the “Agreement”) is established and effective between
ARGO-TECH CORPORATION, a corporation organized and existing under the laws of the State of Delaware
(the “Company”), and Frances S. St Clair, a key employee and executive of the Company (the
“Participant”), as of the 28th day of December, 1995.

ARTICLE I

PURPOSE

     This Agreement is established for the purpose of providing deferred compensation for a highly
compensated management employee of the Company and is intended to be unfunded within the meaning of
the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) and the Internal Revenue
Code of 1986, as amended.

ARTICLE II

TERMINATION OF SERVICE

     “Termination of Service” shall mean severance of Participant’s employment with the Company for
any reason including the Participant’s death.

ARTICLE III

EMPLOYMENT

     3.1 Employment. The Company currently employs the Participant in the capacity of Vice
President and Chief Financial Officer as of the date of this Agreement and the Participant accepts
the conditions of his employment as set forth in this Agreement by entering into this Agreement.

     3.2 Rights. Neither the Participant nor any person entitled to receive benefits under
this Agreement shall have the right to anticipate, alienate, sell, assign, transfer, pledge, or

 

 

encumber the right to receive any such benefits, nor shall such benefits be subject to the
claims of the Participant’s creditors. The right to receive payment of benefits under this
Agreement is expressly nontransferable and nonassignable. Any attempt to anticipate, alienate,
sell, assign, transfer, pledge, encumber, attach or garnish the right to receive benefits under
this Agreement shall be void ab initio.

     3.3 No Employment Agreement Created. No provision of this Agreement shall affect any
employment agreement between the Company and the Participant nor shall conditions herein create
specific employment rights to the Participant nor limit the right of the Company to discharge the
Participant or change the terms and conditions of the Participant’s employment at any time. No
provision of this Agreement shall limit the Participant’s rights to voluntarily sever his
employment at any time.

ARTICLE IV

UNFUNDED OBLIGATION

               The Company’s obligation under this Agreement is an unsecured and unfunded promise to pay
benefits. The Company shall have no obligation to and shall not set aside, earmark or entrust any
fund or money with which to pay its obligations under this Agreement. The Participant, his
beneficiaries or any successor-in-interest to him shall be and remain simply a general, unsecured
creditor of the Company in the same manner as any other creditor having a general claim for matured
and unpaid compensation.

ARTICLE V

BENEFITS

               Upon the Participant’s Termination of Service, the Company will pay to the Participant an
amount equal to the Company’s “Policy Interest” as defined under the Collateral

2

 

Assignment Split Dollar Insurance Agreement between the Company and the Participant dated
January 1, 1996. Such amount shall be payable in a lump sum and shall be paid within 30 days
following the Participant’s Termination of Service.

ARTICLE VI

CONDITIONS FOR PAYMENT OF BENEFITS

[Intentionally Deleted]

ARTICLE VII

AMENDMENT OR TERMINATION OF THIS AGREEMENT

     This Agreement may be amended or terminated only by mutual agreement of the Participant and
the Company by a written instrument signed by the Participant and the Company.

ARTICLE VIII

ERISA PROVISIONS

     8.1 Named Fiduciary and Plan Administrator. The named fiduciary and plan
administrator shall be The Argo-Tech Compensation Benefits Committee. As such, the Argo-Tech
Compensation Benefits Committee shall be responsible for the management, control and administration
of this Agreement. The Committee may delegate to others certain aspects of its management and
operation responsibilities including the employment of advisors and the delegation of duties to
qualified individuals.

     8.2 Claims Procedure and Arbitration. In the event that benefits under this Agreement
are not paid to the Participant (or to his estate in the case of the Participant’s death) and such
claimants feel they are entitled to receive such benefits, then a written claim must be made to the
Plan Administrator named above within 60 days from the date payments are refused. The Plan
Administrator shall review the written claim and, if the claim is denied in whole or in

3

 

part, shall provide, in writing, within 90 days of receipt of such claim, specific reasons for
such denial and reference to the provisions of the Agreement upon which the denial is based and any
additional material or information necessary to perfect the claim. Such written notice shall
further indicate the additional steps to be taken by claimants if a further review of the claim
denial is desired. A claim shall be deemed denied if the Plan Administrator fails to take any
action within the aforesaid 90 day period.

            If claimants desire a second review, they shall notify the Plan Administrator in writing
within 60 days of the first claim denials. Claimants may review this Agreement or any documents
relating thereto and submit any written issues and comments they may feel appropriate. The Plan
Administrator shall then review the second claim and provide a written decision within 60 days of
receipt of such claim. This decision shall likewise state the specific reasons for the decisions
and shall include reference to specific provisions of this Agreement upon which the decision is
based.

            If claimants continue to dispute the benefit denial, then claimants may submit the dispute to
a Board of Arbitration for final arbitration. Said Board shall consist of one member selected by
the claimant, one member selected by the Company and the third member selected by the first two
members. The Board shall operate under any generally recognized set of arbitration rules. The
parties hereto agree that they and their heirs, personal representatives, successors and assigns
shall be bound by the decision of such Board with respect to any controversy properly submitted to
it for determination.

     8.3 Applicability. This Article shall apply only to the extent this Agreement is
subject to ERISA.

4

 

ARTICLE IX

MERGER OR REORGANIZATION OF THE CORPORATION

     The Company will not merge, consolidate, or reorganize its business activities with any other
company or organization unless and until the other company or organization agrees to assume all
obligations of the Company under this Agreement.

ARTICLE X

MISCELLANEOUS

     10.1 Enforceability. This Agreement shall inure to the benefit of and be enforceable
by the executive’s personal or legal representatives, executors, administrators, successors, heirs,
distributees and/or legatees.

     10.2 Notices. For all purposes of this Agreement, all communications including
without limitation notices, consents, requests or approvals, provided for herein shall be in
writing and shall be deemed to have been duly given when delivered or five business days after
having been mailed by United States registered or certified mail, return receipt requested, postage
prepaid, addressed to the Company (to the attention of the Secretary of the Company) at its
principal executive office and to the Participant at his principal residence, or to such other
address as any party may have furnished to the other in writing and in accordance herewith, except
that notices of change of address shall be effective only upon receipt.

     10.3 Counterparts. This Agreement may be executed in one or more counterparts, each
of which shall be deemed to be an original but all of which together will constitute one and the
same agreement.

5

 

     IN WITNESS WHEREOF, the parties hereto acknowledge that each has carefully read this Agreement
and executed the original thereof as of the 28th day of December, 1995, and that, upon execution,
each has received a confirming copy.

	 	 	 	 	 
	 	 	ARGO-TECH CORPORATION
	 
	 	 	 	 
	/s/ Carol J. Forre

	 	By:
	 	/s/ Paul R. Keen
	 

	 	 	 	 
	(Witness)

	 	Its:
	 	Vice President, General Counsel and Secretary
	 
	 	 	 	 
	[illegible]

	 	 	 	/s/ Frances S. St. Clair
	 	 	 
	(Witness)	 	Frances S. St Clair

6exv4w1

 

Exhibit 4.1

 

MGM MIRAGE

6.625% Notes due 2015

FIRST SUPPLEMENTAL INDENTURE

Dated as of September 9, 2005

U.S. BANK NATIONAL ASSOCIATION,

Trustee

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	ARTICLE I	 	GENERAL TERMS AND CONDITIONS OF THE ADDITIONAL 6.625% NOTES	 	 	1	 
	 
	 	 	 	 	 	 	 	 
	 

	 	SECTION 1.01.
	 	DESIGNATION OF NOTES
	 	 	1	 
	 
	 	 	 	 	 	 	 	 
	 

	 	SECTION 1.02.
	 	OTHER TERMS OF THE NOTES
	 	 	1	 
	 
	 	 	 	 	 	 	 	 
	 

	 	SECTION 1.03
	 	DEFINITIONS
	 	 	2	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE II	 	ADDITIONAL ISSUANCE OF ADDITIONAL 6.625% NOTES	 	 	2	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE III	 	MISCELLANEOUS	 	 	2	 
	 
	 	 	 	 	 	 	 	 
	 

	 	SECTION 3.01.
	 	AMENDMENT AND SUPPLEMENT
	 	 	2	 
	 
	 	 	 	 	 	 	 	 
	 

	 	SECTION 3.02.
	 	CONFLICTS
	 	 	3	 
	 
	 	 	 	 	 	 	 	 
	 

	 	SECTION 3.03.
	 	GOVERNING LAW
	 	 	3	 
	 
	 	 	 	 	 	 	 	 
	 

	 	SECTION 3.04.
	 	COUNTERPARTS
	 	 	3	 
	 
	 	 	 	 	 	 	 	 
	 

	 	SECTION 3.05.
	 	RATIFICATION
	 	 	3	 
	 
	 	 	 	 	 	 	 	 
	 

	 	SECTION 3.06.
	 	SEVERABILITY
	 	 	3	 
	 
	 	 	 	 	 	 	 	 
	Exhibits
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	EXHIBIT A -	 	FORM OF GLOBAL NOTE	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	EXHIBIT B -	 	FORM OF NOTATION OF GUARANTEE	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	EXHIBIT C -	 	FORM OF INSTRUMENT OF JOINDER	 	 	 	 

 

 

     FIRST SUPPLEMENTAL INDENTURE dated as of September 9, 2005 (this “Supplemental Indenture”),
among MGM MIRAGE, a Delaware corporation (the “Company”), the Subsidiary Guarantors party hereto,
and U.S. BANK NATIONAL ASSOCIATION (the “Trustee”), having its Corporate Trust Office at 60
Livingston Avenue, St. Paul, MN 55107-1419.

     WHEREAS, the Company, the Subsidiary Guarantors and the Trustee have entered into an Indenture
dated as of June 20, 2005 (the “Indenture”), providing for the initial issuance of $500,000,000
aggregate principal amount of the Company’s 6.625% Senior Notes due 2015 (the “Initial 6.625%
Notes”);

     WHEREAS, the Company desires and has requested that the Trustee join it in the execution and
delivery of this Supplemental Indenture in order to establish and provide for the issuance by the
Company of an additional $375,000,000 aggregate principal amount of 6.625% Notes due 2015 (the
“Additional 6.625% Notes”);

     WHEREAS, Section 2.14 of the Indenture provides for the issuance of Additional Notes and
Section 9.01(m) of the Indenture permits supplementing the Indenture to establish a series of
Additional Notes without the consent of any Holders;

     WHEREAS, the Additional 6.625% Notes shall constitute Additional Notes pursuant to the
Indenture;

     WHEREAS, the conditions set forth in the Indenture for the execution and delivery of this
Supplemental Indenture have been complied with; and

     WHEREAS, all things necessary to make this Supplemental Indenture a valid supplement to the
Indenture pursuant to its terms and the terms of the Indenture have been done.

     NOW, THEREFORE, the parties hereto agree as follows:

ARTICLE I

GENERAL TERMS AND CONDITIONS OF THE ADDITIONAL 6.625% NOTES

     SECTION 1.01. DESIGNATION OF NOTES.

     The changes, modifications and supplements to the Indenture effected by this Supplemental
Indenture shall be applicable only with respect to, and govern the terms of, the Additional 6.625%
Notes and shall not apply to any other Notes that have been or may be issued under the Indenture
unless a supplemental indenture with respect to such other Notes specifically incorporates such
changes, modifications and supplements. Pursuant to this Supplemental Indenture, there is hereby
designated an additional $375,000,000 aggregate principal amount of the series of Notes under the
Indenture entitled “6.625% Notes due 2015.” The Additional 6.625% Notes shall be evidenced by one
or more Global Notes in the form of Exhibit A hereto. The Additional 6.625% Notes shall have the
same terms, including without limitation, the same maturity date, interest rate, redemption and
other provisions and interest payment dates as the Initial 6.625% Notes, and will be part of the
same series as the Initial 6.625% Notes. For all purposes under the Indenture, the term “Notes”
shall include the Initial 6.625% Notes and the Additional 6.625% Notes.

     SECTION 1.02. OTHER TERMS OF THE NOTES.

     (a) General. Without limiting the foregoing provisions of this Article I, the terms of the
Additional 6.625% Notes shall be as set forth in the form of Notes set forth in Exhibit A hereto
and as provided in the Indenture, as supplemented by this Supplemental Indenture.

     (b) Issue Price and Date; First Interest Payment. The Additional 6.625% Notes shall be issued
on September 9, 2005 at an issue price of 101.375% plus interest accrued from June 20, 2005. The
amount of interest payable on the first interest payment date applicable to the Additional 6.625%
Notes is $37.73 per $1,000 principal amount of Additional 6.625% Notes.

1

 

     (c) Restricted Notes. The Global Notes evidencing the Additional 6.625% Notes shall initially
bear the Private Placement Legend and shall be sold by the Initial Purchasers in reliance on Rule
903 of Regulation S or Rule 144A.

     (d) CUSIP. The CUSIP numbers for the Additional 6.625% Notes sold by the Initial Purchasers
in reliance on Rule 903 of Regulation S and Rule 144A shall be U5928TAE1 and 552953AT8,
respectively.

     SECTION 1.03 DEFINITIONS.

     (a) Capitalized terms used herein but not otherwise defined shall have the respective meanings
assigned thereto in the Indenture.

     (b) Solely for the purpose of this Supplemental Indenture and the Additional 6.625% Notes, the
following definitions set forth in Section 1.01 of the Indenture are hereby amended in their
entirety as follows:

     “Initial Purchasers” means Banc of America Securities LLC and those parties listed as initial
purchasers in the Purchase Agreement.

     “Offering Memorandum” means the offering memorandum dated August 25, 2005 relating to the sale
of $375,000,000 aggregate principal amount of Additional 6.625% Notes.

     “Purchase Agreement” means the Amended and Restated Purchase Agreement dated August 25, 2005
for the purchase of $375,000,000 aggregate principal amount of Additional 6.625% Notes among the
Company, the Subsidiary Guarantors and the Initial Purchasers, as such agreement may be amended,
modified or supplemented from time to time in accordance with the terms thereof.

ARTICLE II

ADDITIONAL ISSUANCE OF ADDITIONAL 6.625% NOTES.

     Additional 6.625% Notes in the aggregate principal amount equal to $375,000,000 may, upon
execution of the Supplemental Indenture, be executed by the Company and delivered to the Trustee
for authentication, and the Trustee shall thereupon authenticate and make available for delivery
such Additional 6.625% Notes pursuant to Section 2.02 of the Indenture.

ARTICLE III

GUARANTEE

     In consideration of good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, each of the Subsidiary Guarantors, jointly and severally, hereby
unconditionally guarantees to the Trustee and to each Holder of an Additional 6.625% Note
authenticated and delivered by the Trustee, as set forth in the Indenture (as supplemented by this
Supplemental Indenture), the due and punctual payment of the principal of, premium (if any) and
interest on such Note when and as the same shall become due and payable for any reason according to
the terms of such Note and the Indenture (as supplemented by this Supplemental Indenture). The
Subsidiary Guarantors, and any Subsidiary of the Company that becomes a Subsidiary Guarantor after
the date of issuance of the Additional 6.625% Notes shall evidence their Guarantees thereof by
executing a Guarantee in the form of Exhibit B hereto or a Joinder in the form of Exhibit C hereto,
respectively.

ARTICLE IV

MISCELLANEOUS

     SECTION 4.01. AMENDMENT AND SUPPLEMENT.

     This Supplemental Indenture or the Additional 6.625% Notes may be amended or supplemented as
provided for in the Indenture.

2

 

     SECTION 4.02. CONFLICTS.

     In the event of any conflict between this Supplemental Indenture and the Indenture, the
provisions of this Supplemental Indenture shall prevail.

     SECTION 4.03. GOVERNING LAW.

     THIS SUPPLEMENTAL INDENTURE, THE ADDITIONAL 6.625% NOTES AND THE GUARANTEES THEREOF SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEVADA BUT WITHOUT GIVING
EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS
OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. EACH OF THE PARTIES HERETO AGREES TO SUBMIT TO
THE JURISDICTION OF THE COURTS OF THE STATE OF NEVADA IN ANY ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS SUPPLEMENTAL INDENTURE, THE ADDITIONAL 6.625% NOTES OR THE GUARANTEES THEREOF.

     SECTION 4.04. COUNTERPARTS.

     The parties may sign any number of copies of this Supplemental Indenture. Each signed copy
shall be an original, but all of them together represent the same agreement. One signed copy is
enough to prove this Supplemental Indenture.

     SECTION 4.05. RATIFICATION.

     The Indenture, as supplemented by this Supplemental Indenture, shall remain in full force and
effect and is in all respects ratified and confirmed.

     SECTION 4.06. SEVERABILITY.

     In case any one or more of the provisions contained in this Supplemental Indenture or in the
Additional 6.625% Notes shall for any reason be held to be invalid, illegal or unenforceable in any
respect, such invalidity, illegality or unenforceability shall not affect any other provisions of
this Supplemental Indenture or of such Notes.

[Signature Pages Follow]

3

 

SIGNATURES

     IN WITNESS WHEREOF, the parties have caused this Supplemental Indenture to be duly executed,
all as of the date first above written.

	 	 	 	 	 
	 	 	MGM MIRAGE
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Bryan L. Wright
	 

	 	 	 	 
	 

	 	Name:
	 	Bryan L. Wright
	 

	 	Title:
	 	Senior Vice President – Assistant General
Counsel and Assistant Secretary
	 
	 	 	 	 
	 	 	U.S. BANK NATIONAL ASSOCIATION, as Trustee
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Richard Prokosch
	 

	 	 	 	 
	 

	 	Name:
	 	Richard Prokosch
	 

	 	Title:
	 	Vice President

SIGNATURE PAGE TO MGM MIRAGE SUPPLEMENTAL INDENTURE

SEPTEMBER 2005

 

 

	 	 	 	 	 
	 	 	 	 	SUBSIDIARY GUARANTORS

	 	 	 	 	 

	 	 	 	 	AC Holding Corp., a Nevada corporation

	 	 	 	 	AC Holding Corp. II, a Nevada corporation

	 	 	 	 	The April Cook Companies, a Nevada corporation

	 	 	 	 	Beau Rivage Distribution Corp., a Mississippi corporation

	 	 	 	 	Beau Rivage Resorts, Inc., a Mississippi corporation

	 	 	 	 	Bellagio, LLC, a Nevada limited liability company

	 	 	 	 	Bellagio II, LLC, a Nevada limited liability company

	 	 	 	 	Boardwalk Casino, Inc., a Nevada corporation

	 	 	 	 	Bungalow, Inc., a Mississippi corporation

	 	 	 	 	Circus Circus Mississippi, Inc., a Mississippi corporation

	 	 	 	 	Circus Circus Casinos, Inc., a Nevada corporation

	 	 	 	 	Colorado Belle Corp., a Nevada corporation

	 	 	 	 	Country Star Las Vegas, LLC, a Nevada limited liability company

	 	 	 	 	Destron, Inc., a Nevada corporation

	 	 	 	 	Diamond Gold, Inc., a Nevada corporation

	 	 	 	 	Edgewater Hotel Corporation, a Nevada corporation

	 	 	 	 	Galleon, Inc., a Nevada corporation

	 	 	 	 	Gold Strike Aviation, Incorporated, a Nevada corporation

	 	 	 	 	Gold Strike Fuel Company, a Nevada partnership

	 	 	 	 	By: Oasis Development Company, Inc., a Nevada
corporation, Partner

	 	 	 	 	By: Goldstrike Investments, Incorporated, a Nevada
corporation, Partner

	 	 	 	 	By: Last Chance Investments, Incorporated, a Nevada
corporation, Partner

	 	 	 	 	By: M.S.E. Investments, Incorporated, a Nevada
corporation, Partner

	 	 	 	 	Gold Strike L.V., a Nevada partnership

	 	 	 	 	By: Diamond Gold Inc., a Nevada
corporation, Partner

	 	 	 	 	By: Goldstrike Investments, Incorporated, a Nevada
corporation, Partner

	 	 	 	 	By: Last Chance Investments, Incorporated, a Nevada
corporation, Partner

	 	 	 	 	By: M.S.E. Investments, Incorporated, a Nevada
corporation, Partner

	 	 	 	 	Goldstrike Finance Company, Inc., a Nevada corporation

	 	 	 	 	Goldstrike Investments, Incorporated, a Nevada corporation

	 	 	 	 	Grand Laundry, Inc., a Nevada corporation

	 	 	 	 	Jean Development Company, a Nevada partnership

	 	 	 	 	By: Goldstrike Investments, Incorporated, a Nevada
corporation, Partner

	 	 	 	 	By: Last Chance Investments, Incorporated, a Nevada
corporation, Partner

	 	 	 	 	By: M.S.E. Investments, Incorporated, a Nevada
corporation, Partner

	 	 	 	 	Jean Development West, a Nevada partnership

	 	 	 	 	By: Diamond Gold Inc., a Nevada corporation, Partner

	 	 	 	 	By: Goldstrike Investments, Incorporated, a Nevada
corporation, Partner

	 	 	 	 	By: Last Chance Investments, Incorporated, a Nevada
corporation, Partner

SIGNATURE PAGE TO MGM MIRAGE SUPPLEMENTAL INDENTURE

SEPTEMBER 2005

 

 

	 	 	 	 	 
	 	 	 	 	By: M.S.E. Investments, Incorporated, a Nevada
corporation, Partner

	 	 	 	 	Jean Fuel Company West, a Nevada partnership

	 	 	 	 	By: Oasis Development Company, Inc., a Nevada
corporation, Partner

	 	 	 	 	By: Goldstrike Investments, Incorporated, a Nevada
corporation, Partner

	 	 	 	 	By: Last Chance Investments, Incorporated, a Nevada
corporation, Partner

	 	 	 	 	By: M.S.E. Investments, Incorporated, a Nevada
corporation, Partner

	 	 	 	 	Last Chance Investments, Incorporated, a Nevada corporation

	 	 	 	 	LV Concrete Corp., a Nevada corporation

	 	 	 	 	MAC, Corp., a New Jersey corporation

	 	 	 	 	Mandalay Corp., a Nevada corporation

	 	 	 	 	Mandalay Marketing and Events, a Nevada corporation

	 	 	 	 	Mandalay Place (f.k.a. New Dirt, Inc.), a Nevada corporation

	 	 	 	 	Mandalay Resort Group, a Nevada corporation

	 	 	 	 	Metropolitan Marketing, LLC, a Nevada limited liability company

	 	 	 	 	MGM Grand Atlantic City, Inc., a New Jersey corporation

	 	 	 	 	MGM Grand Condominiums, LLC, a Nevada limited liability company

	 	 	 	 	MGM Grand Condominiums II, LLC, a Nevada limited liability company

	 	 	 	 	MGM Grand Condominiums III, LLC, a Nevada limited liability company

	 	 	 	 	MGM Grand Detroit, Inc., a Delaware corporation

	 	 	 	 	MGM Grand Hotel, LLC, a Nevada limited liability company

	 	 	 	 	MGM Grand New York, LLC, a Nevada limited liability company

	 	 	 	 	MGM Grand Resorts, LLC, a Nevada limited liability company

	 	 	 	 	MGM Grand Resorts Development (f.k.a. Mandalay Development), a Nevada corporation

	 	 	 	 	MGM MIRAGE Advertising, Inc., a Nevada corporation

	 	 	 	 	MGM MIRAGE Aircraft Holdings, LLC, a Nevada limited liability company

	 	 	 	 	MGM MIRAGE Aviation Corp., a Nevada corporation

	 	 	 	 	MGM MIRAGE Corporate Services, a Nevada corporation

	 	 	 	 	MGM MIRAGE Design Group, a Nevada corporation

	 	 	 	 	MGM MIRAGE Development, Inc., a Nevada corporation

	 	 	 	 	MGM MIRAGE Entertainment and Sports, a Nevada corporation

	 	 	 	 	MGM MIRAGE International, a Nevada corporation

	 	 	 	 	MGM MIRAGE Manufacturing Corp., a Nevada corporation

	 	 	 	 	MGM MIRAGE Operations, Inc., a Nevada corporation

	 	 	 	 	MGM MIRAGE Retail, a Nevada corporation

	 	 	 	 	MH, Inc., a Nevada corporation

	 	 	 	 	M.I.R. Travel, a Nevada corporation

	 	 	 	 	The Mirage Casino-Hotel, a Nevada corporation

	 	 	 	 	Mirage Laundry Services Corp., a Nevada corporation

	 	 	 	 	Mirage Leasing Corp., a Nevada corporation

	 	 	 	 	Mirage Resorts, Incorporated, a Nevada corporation

	 	 	 	 	MMNY Land Company, Inc., a New York corporation

	 	 	 	 	MRG Vegas Portal, Inc., a Nevada corporation

SIGNATURE PAGE TO MGM MIRAGE SUPPLEMENTAL INDENTURE

SEPTEMBER 2005

 

 

	 	 	 	 	 
	 	 	 	 	MRGS Corp., a Nevada corporation

	 	 	 	 	M.S.E. Investments, Incorporated, a Nevada corporation

	 	 	 	 	Nevada Landing Partnership, an Illinois partnership

	 	 	 	 	By: Diamond Gold, Inc., a Nevada corporation, Partner

	 	 	 	 	By: Goldstrike Investments, Incorporated, a Nevada
corporation, Partner

	 	 	 	 	By: Last Chance Investments, Incorporated, a Nevada
corporation, Partner

	 	 	 	 	By: M.S.E. Investments, Incorporated, a Nevada
corporation, Partner

	 	 	 	 	New Castle Corp., a Nevada corporation

	 	 	 	 	New PRMA Las Vegas, Inc., a Nevada corporation

	 	 	 	 	New York-New York Hotel & Casino, LLC, a Nevada limited liability company

	 	 	 	 	New York-New York Tower, LLC, a Nevada limited liability company

	 	 	 	 	Oasis Development Company, Inc., a Nevada corporation

	 	 	 	 	Plane Truth, LLC, a Nevada limited liability company

	 	 	 	 	The Primadonna Company, LLC, a Nevada limited liability company

	 	 	 	 	PRMA Land Development Company, a Nevada corporation

	 	 	 	 	PRMA, LLC, a Nevada limited liability company

	 	 	 	 	Project CC, LLC, a Nevada limited liability company

	 	 	 	 	Railroad Pass Investment Group, a Nevada partnership

	 	 	 	 	By: Goldstrike Investments, Incorporated, a Nevada
corporation, Partner

	 	 	 	 	By: Last Chance Investments, Incorporated, a Nevada
corporation, Partner

	 	 	 	 	By: M.S.E. Investments, Incorporated, a Nevada
corporation, Partner

	 	 	 	 	Ramparts International, a Nevada corporation

	 	 	 	 	Ramparts, Inc., a Nevada corporation

	 	 	 	 	Restaurant Ventures of Nevada, Inc., a Nevada corporation

	 	 	 	 	Slots-A-Fun, Inc., a Nevada corporation

	 	 	 	 	Treasure Island Corp., a Nevada corporation

	 	 	 	 	Victoria Partners, a Nevada partnership

	 	 	 	 	By: MRGS Corp., a Nevada corporation, Partner

	 	 	 	 	By: Gold Strike L.V., a Nevada partnership, Partner

	 	 	 	 	By: Diamond Gold Inc., a Nevada corporation,
Partner

	 	 	 	 	By: Goldstrike Investments, Incorporated, a
Nevada corporation, Partner

	 	 	 	 	By: Last Chance Investments, Incorporated, a
Nevada corporation, Partner

	 	 	 	 	By: M.S.E. Investments, Incorporated, a Nevada
corporation, Partner

	 	 	 	 	VidiAd, a Nevada corporation

[The remainder of this page is intentionally left blank. Signature on the following page.]

SIGNATURE PAGE TO MGM MIRAGE SUPPLEMENTAL INDENTURE

SEPTEMBER 2005

 

 

	 	 	 	 	 
	 	 	 
	 	By:  	           /s/ Bryan L. Wright
 	 
	 	Name:  	Bryan L. Wright 	 
	 	Title:  	Assistant Secretary or Attorney-in-Fact,
as applicable, of each of the foregoing 	 
	 

SIGNATURE PAGE TO MGM MIRAGE SUPPLEMENTAL INDENTURE

SEPTEMBER 2005

 

 

EXHIBIT A

FORM OF GLOBAL NOTE

CUSIP No. ______________

     UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), TO MGM MIRAGE OR ITS AGENT FOR REGISTRATION OR TRANSFER,
EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE
& CO. OR TO 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
INASMUCH AS THE REGISTERED OWNED HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

     THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS
REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS NOTE MAY NOT BE EXCHANGED IN
WHOLE OR IN PART FOR A NOTE REGISTERED, AND NO TRANSFER OF THE NOTE IN WHOLE OR IN PART MAY BE
REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN
THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

     THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION
EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT’’), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE
TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH
PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE SELLER MAY BE RELYING ON THE
EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A OR
REGULATION S THEREUNDER. ACCORDINGLY, NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION
HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED WITHIN THE UNITED STATES OR TO, OR
FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS, EXCEPT AS SET FORTH IN THE NEXT SENTENCE. BY ITS
ACQUISITION HEREOF OR A BENEFICIAL INTEREST HEREIN, THE HOLDER OF THE SECURITY EVIDENCED HEREBY
AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) SUCH SECURITY MAY BE RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED ONLY (1)(a) IN THE UNITED STATES TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A
QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) PURCHASING FOR ITS
OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE
REQUIREMENTS OF RULE 144A, (b) OUTSIDE THE UNITED STATES IN A TRANSACTION MEETING THE REQUIREMENTS
OF RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (c) IN A TRANSACTION MEETING THE REQUIREMENTS
OF RULE 144 UNDER THE SECURITIES ACT, (d) TO AN INSTITUTIONAL “ACCREDITED INVESTOR’’ (AS DEFINED IN
RULE 501(a)(1), (2), (3) or (7) OF THE SECURITIES ACT) THAT, PRIOR TO SUCH TRANSFER, FURNISHES THE
TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS (THE FORM OF WHICH CAN BE
OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE PRINCIPAL AMOUNT OF
LESS THAN $100,000, AN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY THAT SUCH TRANSFER IS IN
COMPLIANCE WITH THE SECURITIES ACT, OR (e) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT PROVIDED THAT THE COMPANY SHALL HAVE THE RIGHT
PRIOR TO ANY SUCH OFFER, RESALE, ASSIGNMENT, PLEDGE OR TRANSFER PURSUANT TO THIS CLAUSE (e) ABOVE
TO REQUIRE THE DELIVERY OF AN OPINION (IN FORM AND SUBSTANCE SATISFACTORY TO THE COMPANY) OF
COUNSEL SATISFACTORY TO THE COMPANY, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO THE
COMPANY, (2) TO THE COMPANY OR (3) PURSUANT TO AN EFFECTIVE

A-1

 

REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND, IN EACH CASE, IN ACCORDANCE WITH ANY
APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION;
AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO NOTIFY ANY PURCHASER FROM IT OF
THE SECURITY EVIDENCED HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN CLAUSE (A) ABOVE.

MGM MIRAGE

6.625% Senior Note Due July 15, 2015

			
	 	 	 
	No. ___
	 	$[___]

     MGM MIRAGE, a Delaware corporation (the “Company”), promises to pay to Cede & Co. or
registered assigns, or its registered assigns, the principal sum of [___] in U.S. Dollars on July
15, 2015.

	 	 	 
	Interest Payment Dates:

	 	January 15 and July 15
	 
	 	 
	Record Dates:

	 	January 1 and July 1

     Additional provisions of this Note are set forth on the other side of this Note.

A-2

 

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

	 	 	 	 	 
	 	MGM MIRAGE

 	 
	 	By  	
 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

Attest:

	 	 	 	 	 
	
 	 	 
	Name:  	Bryan L. Wright 	 	 
	Title:  	Senior Vice President, Assistant General Counsel
and Assistant Secretary 	 	 

[Authentication Page to Follow]

A-3

 

CERTIFICATE OF AUTHENTICATION

     This is one of the Notes designated therein referred to in the within-mentioned Indenture.

	 	 	 	 	 
	Dated: 	U.S. BANK NATIONAL ASSOCIATION,
As Trustee

 	 
	 	By  	
 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

A-4

 

[FORM OF REVERSE SIDE OF NOTE]

6.625 % Senior Note Due July 15, 2015

	 	1.	 	INTEREST

     MGM MIRAGE, a Delaware corporation (the “Company”), promises to pay interest on the principal
amount of this Note at the rate per annum shown above and shall pay Additional Interest, if any,
payable pursuant to the relevant Registration Rights Agreement.

     The Company shall pay interest (including Additional Interest, if any) semi-annually in
arrears on January 15 and July 15 of each year commencing on January 15, 2006. Interest on the
Notes will accrue from the most recent date to which interest has been paid or, if no interest has
been paid, from June 20, 2005 with respect to this Note. Interest shall be computed on the basis
of a 360-day year comprised of twelve 30-day months.

	 	2.	 	METHOD OF PAYMENT

     The Company shall pay interest (except defaulted interest but including Additional Interest,
if any) on the Notes to the Persons who are registered Holders of Notes at the close of business on
the January 1 or July 1 immediately preceding the interest payment date even if Notes are canceled
after the record date and on or before the interest payment date. Holders must surrender Notes to
a Paying Agent to collect principal payments. The Company shall pay principal and interest in
money of the United States that at the time of payment is legal tender for payment of public and
private debts. However, all payments in respect of this Note (including principal, premium, if
any, interest and Additional Interest, if any) must be made by wire transfer of immediately
available funds to the accounts specified by the Holder hereof.

	 	3.	 	PAYING AGENT AND REGISTRAR

     Initially,
U.S. BANK NATIONAL ASSOCIATION (the “Trustee”) shall act as Paying Agent and
Registrar. The Company may appoint and change any Paying Agent or Registrar without notice to the
Holders. The Company or any domestically organized Subsidiary may act as Paying Agent or
Registrar.

	 	4.	 	INDENTURE

     The Company issued the Notes under an Indenture dated as of June 20, 2005, as supplemented by
the First Supplemental Indenture dated as of the date of this Note
(the “Indenture”), among the
Company, the Subsidiary Guarantors and the Trustee. The terms of the Notes include those stated in
the Indenture and those made part of the Indenture by reference to the TIA. Terms defined in the
Indenture and not defined herein have the meanings ascribed thereto in the Indenture. The Notes
are subject to all such terms, and Holders are referred to the Indenture and the TIA for a
statement of those terms.

     The Notes are unsecured senior obligations of the Company. Subject to the conditions set
forth in the Indenture, the Company may issue Additional Notes in an unlimited principal amount.
This Note is one of the Notes referred to in the Indenture. The Notes include the Initial Notes,
the Additional Notes and any Exchange Notes or Private Exchange Notes issued in exchange for
Additional Notes or Initial Notes pursuant to the Registration Rights Agreement and the Indenture.
The Initial Notes, the Additional Notes, the Exchange Notes and the Private Exchange Notes are
treated as a single class of Notes under the Indenture. The Subsidiary Guarantors have, jointly
and severally, unconditionally guaranteed the Guaranteed Obligations on a senior unsecured basis
pursuant to the terms of the Indenture.

A-5

 

	 	5.	 	OPTIONAL REDEMPTION; MANDATORY DISPOSITION PURSUANT TO GAMING LAWS

     The Notes are redeemable at the option of the Company, in whole or in part at any time at a
redemption price (the “Redemption Price”) equal to the greater of:

	 	•	 	100% of the principal amount thereof; or
	 
	 	•	 	as determined by an Independent Investment Banker, the sum of the present values
of the remaining scheduled payments of principal and interest on the Notes to be
redeemed (not including any portion of such payments of interest accrued to the
Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming
a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate,
plus 50 basis points,

     plus, in either of the above cases, accrued and unpaid interest to the Redemption Date on the
Notes to be redeemed.

     “Adjusted Treasury Rate” means, with respect to any Redemption Date:

	 	•	 	the yield, under the heading which represents the average for the immediately
preceding week, appearing in the most recently published statistical release
designated “H.15(519)” or any successor publication which is published weekly by
the Board of Governors of the Federal Reserve System and which establishes yields
on actively traded United States Treasury securities adjusted to constant maturity
under the caption “Treasury Constant Maturities,” for the maturity corresponding to
the Comparable Treasury Issue (if no maturity is within three months before or
after the Remaining Life (as defined below), yields for the two published
maturities most closely corresponding to the Comparable Treasury Issue shall be
determined and the Adjusted Treasury Rate shall be interpolated or extrapolated
from such yields on a straight line basis, rounding to the nearest month); or
	 
	 	•	 	if such release (or any successor release) is not published during the week
preceding the calculation date or does not contain such yields, the rate per annum
equal to the semi-annual equivalent yield to maturity of the Comparable Treasury
Issue, calculated using a price for the Comparable Treasury Issue (expressed as a
percentage of its principal amount) equal to the Comparable Treasury Price for such
Redemption Date.

     The Adjusted Treasury Rate shall be calculated on the third Business Day preceding the
Redemption Date.

     “Comparable Treasury Issue” means the United States Treasury security selected by an
Independent Investment Banker as having a maturity comparable to the remaining term of the Notes to
be redeemed that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of comparable maturity to
the remaining term of such securities (“Remaining Life”).

     “Comparable Treasury Price” means (1) the average of four Reference Treasury Dealer Quotations
for such Redemption Date, after excluding the highest and lowest Reference Treasury Dealer
Quotations, or (2) if the Independent Investment Banker obtains fewer than four such Reference
Treasury Dealer Quotations, the average of all such quotations.

     “Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the
Company.

     “Reference Treasury Dealer” means any primary U.S. Government securities dealer in New York
City selected by the Company.

A-6

 

     “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer
and any Redemption Date, the average, as determined by the Independent Investment Banker, of the
bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of
its principal amount) quoted in writing to the Independent Investment Banker at 5:00 p.m., New York
City time, on the third Business Day preceding such Redemption Date.

     The rights of each Holder or beneficial owner of Notes are subject to the Gaming Laws and
requirements of the Gaming Authorities. Notwithstanding any other provision of the Indenture, if
any Gaming Authority requires that a Holder or beneficial owner of Notes of a Holder must be
licensed, qualified or found suitable under any Gaming Law, such Holder or such beneficial owner
shall apply for a license, qualification or a finding of suitability, as the case may be, within
the required time period. If such person fails to apply or become licensed or qualified or is not
found suitable (in each case, a “failure of compliance”), the Company shall have the right, at its
option, (i) to require such Holder or owner to dispose of such Holder’s or beneficial owner’s Notes
within 30 days of receipt of notice of the Company’s election or such earlier date as may be
requested or prescribed by such Gaming Authority, or (ii) to redeem such Notes, which Redemption
Date may be less than 30 days following the notice of redemption if so requested or prescribed by
the Gaming Authority, at a redemption price equal to (a) the lesser of (1) the Holder’s cost, plus
accrued and unpaid interest, if any, to the earlier of the Redemption Date or the date of the
finding of unsuitability or failure to comply and (2) 100% of the principal amount thereof, plus
accrued and unpaid interest, if any, to the earlier of the Redemption Date and the date of the
finding of unsuitability or failure to comply or (b) such other amount as may be required by
applicable Gaming Laws or by order of any Gaming Authority. The Company shall notify the Trustee
in writing of any such failure of compliance or redemption as soon as practicable. The Company
shall not be responsible for any costs or expenses any such Holder or beneficial owner may incur in
connection with its application for a license, qualification or finding of suitability.
Immediately upon the imposition of a requirement to dispose of the Notes by a Gaming Authority,
such Holder or beneficial owner shall, to the extent required by applicable Gaming Laws, have no
further right (i) to exercise, directly or indirectly, through any trustee, nominee or any other
person or entity, any right conferred by the Notes, or (ii) to receive any remuneration in any form
with respect to the Notes from the Company or the Trustee, except the redemption price.

	 	6.	 	NOTICES OF REDEMPTION

     Notices of redemption shall be mailed by first-class mail at least 30 (unless a shorter notice
is acceptable to the Trustee) days but not more than 60 days before the redemption date to each
Holder of Notes to be redeemed at its registered address all in accordance with the Indenture. If
less than all of the Notes are to be redeemed at any time (other than pursuant to paragraph 5
above) the particular Notes to be redeemed shall be selected not more than 60 days prior to the
Redemption Date by the Trustee, from the Outstanding Notes not previously called for redemption, by
such method as the Trustee shall deem fair and appropriate. On and after the redemption date,
interest ceases to accrue on Notes or portions of them called for redemption.

	 	7.	 	DENOMINATIONS; TRANSFER; EXCHANGE

     The Notes are in registered form without coupons in denominations of $1,000 and whole
multiples of $1,000. A Holder may transfer or exchange Notes in accordance with the Indenture.
Upon any transfer or exchange, the Registrar and the Trustee may require a Holder, among other
things, to furnish appropriate transfer documents and to pay any taxes required by law or permitted
by the Indenture. The Registrar shall not be required (A) to issue, to register the transfer of or
to exchange any Notes during a period beginning at the opening of business 15 days before the day
of any selection of Notes for redemption and ending at the close of business on the day of
selection, (B) to register the transfer of or to exchange any Note so selected for redemption in
whole or in part, except the unredeemed portion of any Note being redeemed in part or (C) to
register the transfer of or to exchange a Note between a record date and the next succeeding
interest payment date.

	 	8.	 	PERSONS DEEMED OWNERS

     The registered Holder of this Note may be treated as the owner of it for all purposes.

A-7

 

	 	9.	 	UNCLAIMED MONEY

     If money for the payment of principal or interest remains unclaimed for two years, the Paying
Agent shall pay the money back to the Company at its request, or if then held by the Company or a
domestic Subsidiary, shall be discharged from such trust (unless an abandoned property law
designates another Person for payment thereof). After any such payment, Holders entitled to the
money must look only to the Company for payment thereof, and all liability of the Paying Agent with
respect to such money, and all liability of the Company or such permitted Subsidiary as trustee
thereof, shall thereupon cease.

	 	10.	 	DISCHARGE AND DEFEASANCE

     Subject to certain conditions set forth in the Indenture, the Company at any time may
terminate some or all of its obligations under the Indenture with respect to the Notes if, among
other things, the Company deposits with the Trustee funds for the payment of principal and interest
on the Notes to redemption or maturity, as the case may be.

	 	11.	 	AMENDMENT, WAIVER

     The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the
Notes under the Indenture at any time by the Company and the Trustee with the consent of the
Holders of a majority in principal amount of the Notes at the time outstanding. The Indenture also
contains provisions, with certain exceptions as therein provided, permitting the Holders of a
majority in principal amount of the Notes at the time outstanding, on behalf of the Holders of all
such Notes, to waive compliance by the Company with certain provisions of the Indenture and certain
past defaults under the Indenture and their consequences. The Indenture also permits certain other
amendments, modifications or waivers thereof only with the consent of all affected Holders of the
Notes, while certain other amendments or modifications may be made without the consent of any
Holders of Notes. Any such consent or waiver by the Holder of this Note shall be conclusive and
binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the
transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent
or waiver is made upon this Note. The right of any Holder of a Note (or such Holder’s duly
designated proxy) to participate in any consent required or sought pursuant to any provision of the
Indenture (and the obligation of the Company to obtain any such consent otherwise required from
such Holder) may be subject to the requirement that such Holder shall have been the Holder of
record of Notes as of a date set by the Company and identified by the Trustee in a notice furnished
to Holders of the Notes in accordance with the terms of the Indenture.

	 	12.	 	DEFAULTS AND REMEDIES

     Events of Default are set forth in the Indenture. If an Event of Default shall have occurred
and be continuing, the Trustee or the Holders of at least 25% in principal amount of outstanding
Notes may declare the principal of, premium, if any, and accrued interest (including Additional
Interest, if any) on all the Notes to be due and payable by notice in writing to the Company and,
if given by the Holders, to the Trustee, specifying the respective Events of Default, and the same
shall become immediately due and payable.

     Holders may not enforce the Indenture or the Notes except as provided in the Indenture. The
Trustee may refuse to enforce the Indenture or the Notes unless it receives indemnity or security
reasonably satisfactory to it. Subject to certain limitations, Holders of a majority in principal
amount of the Notes may direct the Trustee in its exercise of any trust or power. The Trustee may
withhold from Holders notice of any continuing Default (except a Default in payment of principal,
premium, if any, or interest) if and so long as a committee of its Trust Officers in good faith
determines that withholding notice is in the interest of the Holders.

	 	13.	 	TRUSTEE DEALINGS WITH THE COMPANY

     Subject to certain limitations imposed by the TIA, the Trustee under the Indenture, in its
individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal
with and collect obligations

A-8

 

owed to it by the Company or its Affiliates and may otherwise deal with the Company or its
Affiliates with the same rights it would have if it were not Trustee.

	 	14.	 	NO PERSONAL LIABILITY OF DIRECTORS, OFFICERS, EMPLOYEES AND STOCKHOLDERS

     No past, present or future director, officer, employee, stockholder or incorporator, as such,
of the Company or any successor corporation shall have any liability for any obligations of the
Company under the Notes or the Indenture or for any claim based on, in respect of or by reason of
such obligations or their creation. Each Holder by accepting a Note waives and releases all such
liability. The waiver and release are part of the consideration for the issue of the Notes.

	 	15.	 	GOVERNING LAW

     THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEVADA BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT
THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

	 	16.	 	AUTHENTICATION

     This Note and the Subsidiary Guarantee endorsed hereon shall not be valid until an authorized
signatory of the Trustee (or an authenticating agent) manually signs the certificate of
authentication on the other side of this Note.

	 	17.	 	ABBREVIATIONS

     Customary abbreviations may be used in the name of a Holder or an assignee, such as TEN COM
(=tenants in common), TEN ENT (=tenants by the entireties), JT TEN (=joint tenants with rights of
survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors
Act).

	 	18.	 	CUSIP NUMBERS

     Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification
Procedures the Company has caused CUSIP numbers to be printed on the Notes and has directed the
Trustee to use CUSIP numbers in notices of redemption as a convenience to Holders. No
representation is made as to the accuracy of such numbers either as printed on the Notes or as
contained in any notice of redemption and reliance may be placed only on the other identification
numbers placed thereon.

     The Company shall furnish to any Holder upon written request and without charge to the Holder
a copy of the Indenture which has in it the text of this Note in larger type. Requests may be made
to:

MGM MIRAGE

3600 Las Vegas Boulevard South, Las Vegas, Nevada 89109

Attention of Secretary

A-9

 

ASSIGNMENT FORM

To assign this Note, fill in the form below:

I or we assign and transfer this Note to

 

(Print or type assignee’s name, address and zip code)

 

(Insert assignee’s soc. sec. or tax I.D. No.)

and irrevocably appoint                                          agent to transfer this Note on the books of the
Company. The agent may substitute another to act for him.

Date:                                          Your Signature:                                         

	 	 	 	 	 
	Signature Guarantee:

	 

	 	 
	 

	 	(Signature must be guaranteed by a

participant in a recognized signature

guarantee medallion program)	 	 

 

Sign exactly as your name appears on the other side of this Note.

A-10

 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE

The following increases or decreases in this Global Note have been made:

	 	 	 	 	 	 	 	 	 
	Date of Exchange

	 	Amount of decrease in
Principal Amount of
this Global Note
	 	Amount of increase in
Principal Amount of
this Global Note
	 	Principal amount of
this Global Note
following such
decrease or increase
	 	Signature of authorized
signatory of Trustee or
Notes Custodian

A-11

 

EXHIBIT B

[FORM OF NOTATION OF GUARANTEE]

GUARANTEE

     For value received, the undersigned hereby unconditionally guarantee to the Holder of the Note
upon which this Guarantee is endorsed the due and punctual payment, as set forth in the Indenture,
as supplemented as of the date hereof, pursuant to which this Note and Guarantee were issued, of
the principal of, premium (if any) and interest on such Note when and as the same shall become due
and payable for any reason according to the terms of such Note and the Indenture, as supplemented
as of the date hereof. This Guarantee will not become effective until the Trustee signs the
certificate of authentication on this Note. Such Guarantee is more fully set forth in the
Indenture.

Dated as of [________], 2005

	 	 	 	 	 
	 	 	 	 	SUBSIDIARY GUARANTORS

	 	 	 	 	 

	 	 	 	 	AC Holding Corp., a Nevada corporation

	 	 	 	 	AC Holding Corp. II, a Nevada corporation

	 	 	 	 	The April Cook Companies, a Nevada corporation

	 	 	 	 	Beau Rivage Distribution Corp., a Mississippi corporation

	 	 	 	 	Beau Rivage Resorts, Inc., a Mississippi corporation

	 	 	 	 	Bellagio, LLC, a Nevada limited liability company

	 	 	 	 	Bellagio II, LLC, a Nevada limited liability company

	 	 	 	 	Boardwalk Casino, Inc., a Nevada corporation

	 	 	 	 	Bungalow, Inc., a Mississippi corporation

	 	 	 	 	Circus Circus Mississippi, Inc., a Mississippi corporation

	 	 	 	 	Circus Circus Casinos, Inc., a Nevada corporation

	 	 	 	 	Colorado Belle Corp., a Nevada corporation

	 	 	 	 	Country Star Las Vegas, LLC, a Nevada limited liability company

	 	 	 	 	Destron, Inc., a Nevada corporation

	 	 	 	 	Diamond Gold, Inc., a Nevada corporation

	 	 	 	 	Edgewater Hotel Corporation, a Nevada corporation

	 	 	 	 	Galleon, Inc., a Nevada corporation

	 	 	 	 	Gold Strike Aviation, Incorporated, a Nevada corporation

	 	 	 	 	Gold Strike Fuel Company, a Nevada partnership

	 	 	 	 	By: Oasis Development Company, Inc., a Nevada corporation, Partner

	 	 	 	 	By: Goldstrike Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	By: Last Chance Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	By: M.S.E. Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	Gold Strike L.V., a Nevada partnership

	 	 	 	 	By: Diamond Gold Inc., a Nevada corporation, Partner

	 	 	 	 	By: Goldstrike Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	By: Last Chance Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	By: M.S.E. Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	Goldstrike Finance Company, Inc., a Nevada corporation

B-1

 

	 	 	 	 	 
	 	 	 	 	Goldstrike Investments, Incorporated, a Nevada corporation

	 	 	 	 	Grand Laundry, Inc., a Nevada corporation

	 	 	 	 	Jean Development Company, a Nevada partnership

	 	 	 	 	By: Goldstrike Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	By: Last Chance Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	By: M.S.E. Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	Jean Development West, a Nevada partnership

	 	 	 	 	By: Diamond Gold Inc., a Nevada corporation, Partner

	 	 	 	 	By: Goldstrike Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	By: Last Chance Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	By: M.S.E. Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	Jean Fuel Company West, a Nevada partnership

	 	 	 	 	By: Oasis Development Company, Inc., a Nevada corporation, Partner

	 	 	 	 	By: Goldstrike Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	By: Last Chance Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	By: M.S.E. Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	Last Chance Investments, Incorporated, a Nevada corporation

	 	 	 	 	LV Concrete Corp., a Nevada corporation

	 	 	 	 	MAC, Corp., a New Jersey corporation

	 	 	 	 	Mandalay Corp., a Nevada corporation

	 	 	 	 	Mandalay Marketing and Events, a Nevada corporation

	 	 	 	 	Mandalay Place (f.k.a. New Dirt, Inc.), a Nevada corporation

	 	 	 	 	Mandalay Resort Group, a Nevada corporation

	 	 	 	 	Metropolitan Marketing, LLC, a Nevada limited liability company

	 	 	 	 	MGM Grand Atlantic City, Inc., a New Jersey corporation

	 	 	 	 	MGM Grand Condominiums, LLC, a Nevada limited liability company

	 	 	 	 	MGM Grand Condominiums II, LLC, a Nevada limited liability company

	 	 	 	 	MGM Grand Condominiums III, LLC, a Nevada limited liability company

	 	 	 	 	MGM Grand Detroit, Inc., a Delaware corporation

	 	 	 	 	MGM Grand Hotel, LLC, a Nevada limited liability company

	 	 	 	 	MGM Grand New York, LLC, a Nevada limited liability company

	 	 	 	 	MGM Grand Resorts, LLC, a Nevada limited liability company

	 	 	 	 	MGM Grand Resorts Development (f.k.a. Mandalay

	 	 	 	 	Development), a Nevada corporation

	 	 	 	 	MGM MIRAGE Advertising, Inc., a Nevada corporation

	 	 	 	 	MGM MIRAGE Aircraft Holdings, LLC, a Nevada limited liability company

	 	 	 	 	MGM MIRAGE Aviation Corp., a Nevada corporation

	 	 	 	 	MGM MIRAGE Corporate Services, a Nevada corporation

	 	 	 	 	MGM MIRAGE Design Group, a Nevada corporation

B-2

 

	 	 	 	 	 
	 	 	 	 	MGM MIRAGE Development, Inc., a Nevada corporation

	 	 	 	 	MGM MIRAGE Entertainment and Sports, a Nevada corporation

	 	 	 	 	MGM MIRAGE International, a Nevada corporation

	 	 	 	 	MGM MIRAGE Manufacturing Corp., a Nevada corporation

	 	 	 	 	MGM MIRAGE Operations, Inc., a Nevada corporation

	 	 	 	 	MGM MIRAGE Retail, a Nevada corporation

	 	 	 	 	MH, Inc., a Nevada corporation

	 	 	 	 	M.I.R. Travel, a Nevada corporation

	 	 	 	 	The Mirage Casino-Hotel, a Nevada corporation

	 	 	 	 	Mirage Laundry Services Corp., a Nevada corporation

	 	 	 	 	Mirage Leasing Corp., a Nevada corporation

	 	 	 	 	Mirage Resorts, Incorporated, a Nevada corporation

	 	 	 	 	MMNY Land Company, Inc., a New York corporation

	 	 	 	 	MRG Vegas Portal, Inc., a Nevada corporation

	 	 	 	 	MRGS Corp., a Nevada corporation

	 	 	 	 	M.S.E. Investments, Incorporated, a Nevada corporation

	 	 	 	 	Nevada Landing Partnership, an Illinois partnership

	 	 	 	 	By: Diamond Gold, Inc., a Nevada corporation, Partner

	 	 	 	 	By: Goldstrike Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	By: Last Chance Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	By: M.S.E. Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	New Castle Corp., a Nevada corporation

	 	 	 	 	New PRMA Las Vegas, Inc., a Nevada corporation

	 	 	 	 	New York-New York Hotel & Casino, LLC, a Nevada limited liability company

	 	 	 	 	New York-New York Tower, LLC, a Nevada limited liability company

	 	 	 	 	Oasis Development Company, Inc., a Nevada corporation

	 	 	 	 	Plane Truth, LLC, a Nevada limited liability company

	 	 	 	 	The Primadonna Company, LLC, a Nevada limited liability company

	 	 	 	 	PRMA Land Development Company, a Nevada corporation

	 	 	 	 	PRMA, LLC, a Nevada limited liability company

	 	 	 	 	Project CC, LLC, a Nevada limited liability company

	 	 	 	 	Railroad Pass Investment Group, a Nevada partnership

	 	 	 	 	By: Goldstrike Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	By: Last Chance Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	By: M.S.E. Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	Ramparts International, a Nevada corporation

	 	 	 	 	Ramparts, Inc., a Nevada corporation

	 	 	 	 	Restaurant Ventures of Nevada, Inc., a Nevada corporation

	 	 	 	 	Slots-A-Fun, Inc., a Nevada corporation

	 	 	 	 	Treasure Island Corp., a Nevada corporation

	 	 	 	 	Victoria Partners, a Nevada partnership

	 	 	 	 	By: MRGS Corp., a Nevada corporation, Partner

	 	 	 	 	By: Gold Strike L.V., a Nevada partnership, Partner

	 	 	 	 	By: Diamond Gold Inc., a Nevada corporation, Partner

	 	 	 	 	By: Goldstrike Investments, Incorporated, a

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	 	 	 	 	Nevada corporation, Partner

	 	 	 	 	By: Last Chance Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	By: M.S.E. Investments, Incorporated, a Nevada corporation, Partner

	 	 	 	 	VidiAd, a Nevada corporation

[The remainder of this page is intentionally left blank. Signature on the following page.]

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	 	By:  	
 	 
	 	 	Name:  	Bryan L. Wright 	 
	 	 	Title:  	Assistant Secretary or Attorney-in-Fact,
as applicable, of each of the foregoing 	 
	 

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EXHIBIT C

FORM OF INSTRUMENT OF JOINDER

(INDENTURES)

          THIS INSTRUMENT OF JOINDER (“Joinder”) is executed as of ___, by the undersigned
Subsidiaries of MGM MIRAGE (“Joining Parties”), with reference to the following guaranties:

	 	1.	 	Guaranty of 7.25% Senior Notes due 2006. The Guaranty dated as
of May 31, 2000, made by MGM MIRAGE (under its former name MGM Grand), and certain
subsidiaries of MGM MIRAGE in favor of U.S. Bank, N.A. (formerly known as Firstar
Bank of Minnesota, N.A) (the “7.25% Guaranty”), for the Holders of Mirage’s 7.25%
Senior Notes due 2006 issued pursuant to the Indenture dated as of October 15,
1996, between Mirage and U.S. Bank, N.A. (formerly known as Firstar Bank of
Minnesota, N.A), as Trustee (the “7.25% Indenture”).
	 
	 	2.	 	Guaranty of 6.75% Senior Notes due 2007 and 7.25% Debentures due
2017. The Guaranty dated as of May 31, 2000, made by MGM MIRAGE (under its
former name MGM Grand), and certain subsidiaries of MGM MIRAGE in favor of First
Security Bank, National Association (the “6.75% and 7.25% Guaranty”), for the
Holders of Mirage’s 6.75% Notes due 2007 and for the Holders of Mirage’s 7.25%
Debentures due 2017 issued pursuant to the Indenture dated as of August 1, 1997,
between Mirage and First Security Bank, National Association, as Trustee (the
“6.75% and 7.25% Indenture”).
	 
	 	3.	 	Guaranty of 6.75% Notes due 2008. The Guaranty dated as of May
31, 2000, made by MGM MIRAGE (under its former name MGM Grand), and certain
subsidiaries of MGM MIRAGE in favor of JPMorgan Chase Bank (the “6.75% Guaranty”),
for the Holders of Mirage’s 6.75% Notes due 2008 issued pursuant to the Indenture
dated as of February 4, 1998, between Mirage and JPMorgan Chase Bank, as successor
Trustee to PNC Bank, National Association (the “6.75% Indenture”).
	 
	 	4.	 	Guaranty of 8.50% Notes Due 2010. The Guaranty dated as of
September 17, 2003, made by certain subsidiaries of MGM MIRAGE in favor of BNY
Western Trust Company, as successor to U.S. Trust Company, National Association
(the “8.50% Guaranty”), for the Holders of MGM MIRAGE’s 8.50% Senior Notes due 2010
issued pursuant to the Indenture dated as of September 15, 2000, between MGM MIRAGE
and U.S. Trust Company, National Association, as Trustee (the “8.50%
Indenture”). 
	 
	 	5.	 	Guaranty of 5.875% Notes Due 2014. The Guaranty dated as of
February 27, 2004, made by certain subsidiaries of MGM MIRAGE in favor of U.S. Bank
National Association (the “February 5.875% Guaranty”), for the Holders of MGM
MIRAGE’s 5.875% Senior Notes due 2014 (including such 5.875% Senior Notes issued in
the exchange offer for the 5.875% Senior Notes due 2014) issued pursuant to the
Indenture dated as of February 27, 2004, among MGM MIRAGE, the subsidiary
guarantors party thereto and U.S. Bank National Association, as Trustee (the
“5.875% Indenture”).
	 
	 	6.	 	Guaranty of 5.875% Notes Due 2014. The Guaranty dated as of
March 23, 2004, made by certain subsidiaries of MGM MIRAGE in favor of U.S. Bank
National Association (the “March 5.875% Guaranty”), for the Holders of MGM MIRAGE’s
5.875% Senior Notes due 2014 (including such 5.875% Senior Notes issued in the
exchange offer for the 5.875% Senior Notes due 2014) issued pursuant to the
Indenture dated as of March 23, 2004, among MGM MIRAGE, the subsidiary guarantors
party thereto and U.S. Bank National Association, as Trustee (the “March 5.875%
Indenture”).

C-1

 

	 	7.	 	Guaranty of 6.75% Notes Due 2012. The Guaranty dated as of
August 25, 2004, made by certain subsidiaries of MGM MIRAGE in favor of U.S. Bank
National Association (the “2004 6.75% Guaranty”), for the Holders of MGM MIRAGE’s
6.75% Senior Notes due 2012 (including such 6.75% Senior Notes issued in any
exchange offer for the 6.75% Senior Notes due 2012) issued pursuant to the
Indenture dated as of August 25, 2004, among MGM MIRAGE, the subsidiary guarantors
party thereto and U.S. Bank National Association, as Trustee (the “2004 6.75%
Indenture”).
	 
	 	8.	 	Guaranty of 6.00% Notes Due 2009. The Guaranty dated as of
September 17, 2003, made by certain subsidiaries of MGM MIRAGE in favor of U.S.
Bank National Association (the “2003 6.00% Guaranty”), for the Holders of MGM
MIRAGE’s 6.00% Senior Notes due 2009 issued pursuant to the Indenture dated as of
September 17, 2003, among MGM MIRAGE, the subsidiary guarantors party thereto and
U.S. Bank National Association, as Trustee (the “2003 6.00% Indenture”).
	 
	 	9.	 	Guaranty of 6.00% Notes Due 2009. The Guaranty dated as of
September 22, 2004, made by certain subsidiaries of MGM MIRAGE in favor of U.S.
Bank National Association (the “2004 6.00% Guaranty”), for the Holders of MGM
MIRAGE’s 6.00% Senior Notes due 2009 (including such 6.00% Senior Notes issued in
any exchange offer for the 6.00% Senior Notes due 2009) issued pursuant to the
Indenture dated as of September 22, 2004, among MGM MIRAGE, the subsidiary
guarantors party thereto and U.S. Bank National Association, as Trustee (the “2004
6.00% Indenture”).
	 
	 	10.	 	Guaranty of 6.375% Notes Due 2011. The Guaranty dated as of
April 25, 2005, made by MGM MIRAGE and certain subsidiaries of MGM MIRAGE in favor
of The Bank of New York (the “6.375% Guaranty”), for the Holders of Mandalay’s
6.375% Senior Notes due 2011 (including such 6.375% Senior Notes issued in any
exchange offer for the 6.375% Senior Notes due 2011) issued pursuant to the
Indenture dated as of November 25, 2003, between Mandalay and The Bank of New York,
as Trustee (the “6.375% Indenture”).
	 
	 	11.	 	Guaranty of 6.50% Notes Due 2009. The Guaranty dated as of
April 25, 2005, made by MGM MIRAGE and certain subsidiaries of MGM MIRAGE in favor
of The Bank of New York (the “6.50% Guaranty”), for the Holders of Mandalay’s 6.50%
Senior Notes due 2009 (including such 6.50% Senior Notes issued in any exchange
offer for the 6.50% Senior Notes due 2009) issued pursuant to the Indenture dated
as of July 31, 2003, between Mandalay and The Bank of New York, as Trustee (the
“6.50% Indenture”).
	 
	 	12.	 	Guaranty of 9.50% Notes Due 2008. The Guaranty dated as of
April 25, 2005, made by MGM MIRAGE and certain subsidiaries of MGM MIRAGE in favor
of The Bank of New York (the “9.50% Guaranty”), for the Holders of Mandalay’s 9.50%
Senior Notes due 2008 (including such 9.50% Senior Notes issued in any exchange
offer for the 9.50% Senior Notes due 2008) issued pursuant to the Indenture dated
as of August 16, 2000, between Mandalay and The Bank of New York, as Trustee (the
“9.50% Indenture”).
	 
	 	13.	 	Guaranty of Floating Rate Convertible Debentures Due 2033. The
Guaranty dated as of April 25, 2005, made by MGM MIRAGE and certain subsidiaries of
MGM MIRAGE in favor of The Bank of New York (the “Convertible Debentures
Guaranty”), for the Holders of Mandalay’s Floating Rate Convertible Debentures due
2033 issued pursuant to the First Supplemental Indenture dated as of July 26, 2004
to the Indenture dated as of March 21, 2003, between Mandalay, the subsidiary
guarantors party thereto and The Bank of New York, as Trustee (the “ Floating Rate
Convertible Debentures Indenture”).

C-2

 

	 	14.	 	Guaranty of 7.00% Debentures Due 2036. The Guaranty dated as
of April 25, 2005, made by MGM MIRAGE and certain subsidiaries of MGM MIRAGE in
favor of Wells Fargo Bank (Colorado), N.A. (the “7.00% Debentures Guaranty”), for
the Holders of Mandalay’s 7.00% Debentures due 2036 issued pursuant to this
Supplemental Indenture dated as of November 15, 1996 to the Indenture dated as of
November 15, 1996, between Mandalay and Wells Fargo Bank (Colorado), N.A., as
Trustee (the “7.00% Debentures Indenture”).
	 
	 	15.	 	Guaranty of 6.70% Debentures Due 2096. The Guaranty dated as
of April 25, 2005, made by MGM MIRAGE and certain subsidiaries of MGM MIRAGE in
favor of Wells Fargo Bank (Colorado), N.A. (the “6.70% Debentures Guaranty”), for
the Holders of Mandalay’s 6.70% Debentures due 2096 issued pursuant to this
Supplemental Indenture dated as of November 15, 1996 to the Indenture dated as of
February 1, 1996, between Mandalay and Wells Fargo Bank (Colorado), N.A., as
Trustee (the “6.70% Debentures Indenture”).
	 
	 	16.	 	Guaranty of 6.45% Notes Due 2006. The Guaranty dated as of
April 25, 2005, made by MGM MIRAGE and certain subsidiaries of MGM MIRAGE in favor
of First Interstate Bank of Nevada, N.A. (the “6.45% Guaranty”), for the Holders of
Mandalay’s 6.45% Senior Notes due 2006 issued pursuant to this Supplemental
Indenture dated as of February 1, 1996 to the Indenture dated as of February 1,
1996, between Mandalay and First Interstate Bank of Nevada, N.A., as Trustee (the
“6.45% Indenture”).
	 
	 	17.	 	Guaranty of 6.625% Notes Due 2015. The Guaranty dated as of
June 20, 2005, made by certain subsidiaries of MGM MIRAGE in favor of U.S. Bank
National Association (the “June 6.625% Guaranty”), for the Holders of MGM MIRAGE’s
6.625% Senior Notes due 2015 (including such 6.625% Senior Notes issued in any
exchange offer for the 6.625% Senior Notes due 2015) issued pursuant to the
Indenture dated as of June 20, 2005, among MGM MIRAGE, the subsidiary guarantors
party thereto and U.S. Bank National Association, as Trustee (the “6.625%
Indenture”).
	 
	 	18.	 	Guaranty of 6.625% Notes Due 2015. The Guaranty dated as of
September 9, 2005, made by certain subsidiaries of MGM MIRAGE in favor of U.S. Bank
National Association (the “September 6.625% Guaranty”), for the Holders of MGM
MIRAGE’s 6.625% Senior Notes due 2015 (including such 6.625% Senior Notes issued in
any exchange offer for the 6.625% Senior Notes due 2015) issued pursuant to the
6.625% Indenture (as supplemented as of September 9, 2005).

     (The 7.25% Guaranty, the 6.75% and 7.25% Guaranty, the 6.75% Guaranty, the 8.50% Guaranty, the
February 5.875% Guaranty, the March 5.875% Guaranty, the 2004 6.75% Guaranty, the 2003 6.00%
Guaranty, the 2004 6.00% Guaranty, the 6.375% Guaranty, the 6.50% Guaranty, the 9.50% Guaranty, the
Convertible Debentures Guaranty, the 7.00% Debentures Guaranty, the 6.70% Debentures Guaranty, the
6.45% Guaranty, the June 6.625% Guaranty and the September 6.625% Guaranty are collectively
referred to herein as the “Guaranties.”)

RECITALS

          Each Joining Party has Incurred Indebtedness or has guaranteed or secured Indebtedness of MGM
MIRAGE, and as such is required by the terms thereof to become a party to the Guaranties
(capitalized terms used by not defined herein having the meaning ascribed to such terms in the
6.625 Indenture).

          NOW THEREFORE, each Joining Party jointly and severally agrees as follows:

C-3

 

AGREEMENT

	               1.       By this Joinder, each Joining Party becomes a party to each of the Guaranties as an
additional joint and several “Guarantor.” Each Joining Party agrees that, upon its execution
hereof, it will become a Guarantor under each of the Guaranties and will be bound by all terms,
conditions, and duties applicable to a Guarantor under each of the Guaranties.
	 
	 	2.	 	The effective date of this Joinder is ___.
	 
	 	3.	 	Notice of acceptance hereof is waived.

C-4

 

     IN WITNESS WHEREOF, each of the undersigned has executed this Joinder by its duly authorized
officer as of the date first written above.

	 	 	 	 	 
	 	“Joining Parties”

 	 
	 	By:  	
 	 

	 	 	 	 	 
	 	 	 
	 	By:  	
 	 

C-1

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