FORM OFMGM Mirage • November 13th, 2001 • Services-miscellaneous amusement & recreation
This promise is subject to the terms and conditions of the offer to exchange dated November 13, 2001, the letter from J. Terrence Lanni, Chairman of the Board and Chief Executive Officer of MGM MIRAGE, dated November 13, 2001, and the election form previously completed and submitted by you to MGM MIRAGE, all of which are incorporated herein by reference and together, as they may be amended from time to time, constitute the "offer." The documents referred to herein reflect the entire agreement between you and MGM MIRAGE with respect to this transaction. This promise may only be amended by means of a writing signed by you and a duly authorized officer of MGM MIRAGE. As soon as practicable following the grant of the replacement options, MGM MIRAGE will deliver to you a duly executed option agreement reflecting the foregoing. The agreement will contain an acknowledgement to the effect that the option agreement(s) with respect to the cancelled option(s) is of no further force or effect, eff
MGM MIRAGE FORM OF REPLACEMENT GRANT NONQUALIFIED STOCK OPTION AGREEMENT ------ --------------------------------------------------------------------------MGM Mirage • November 13th, 2001 • Services-miscellaneous amusement & recreation • Nevada
