By: /s/ Michael J. Gaughan ----------------------------- Name: Michael J. Gaughan Title: Chairman and Chief Executive OfficerNote Guarantee • March 31st, 1998 • Coast Hotels & Casinos Inc • Hotels & motels
Coast Resorts, Inc., a Nevada corporation (the "Guarantor" which term includes any successor or additional Guarantor under the Indenture (the "Indenture") referred to in the Note upon which this notation is endorsed), has unconditionally guaranteed the Obligations of the Company under the Notes, the Indenture and the related Security Documents, on a senior secured basis (each such guarantee being a "Note Guarantee"), to each Holder of a Note authenticated and delivered by the Trustee and its successors and assigns irrespective of the validity or enforceability of the Indenture, the Notes or the Obligations of the Company under this Indenture or the Notes, that: (i) the principal of, premium, if any, and interest on the Notes issued hereunder shall be paid in full when due, whether at the maturity or interest payment or mandatory redemption date, by acceleration, call for redemption or otherwise, and interest on the overdue principal, premium, if any, and interest, if any, of the Notes
granting to the 1997 Trustee liens, mortgages, pledges and security interests in Collateral, as that term is defined in the 1996 Indenture (such Collateral, which constitutes a substantial part of the collateral held by 1996 Trustee, being defined...Pari Passu Intercreditor Agreement • March 31st, 1998 • Coast Hotels & Casinos Inc • Hotels & motels • New York
