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Exhibit 10.82    
  

 
 

FORM OF PARENT GUARANTY    
  

        This PARENT GUARANTY, dated as of October    , 2002, is made by WYNN RESORTS, LIMITED, a Nevada corporation ("Wynn
Resorts"), in favor of DEUTSCHE BANK TRUST COMPANY AMERICAS, as administrative agent (in such capacity, the "Administrative
Agent") for (i) the banks and other financial institutions or entities (the "Lenders") from time to time parties to the
Credit Agreement, dated as of October    , 2002 (as amended, supplemented or otherwise modified from time to time, the "Credit Agreement"),
among Wynn Las Vegas, LLC, a Nevada limited liability company (the "Borrower"), the Lenders, Deutsche Bank Securities Inc., as lead arranger and
joint book running manager, Banc of America Securities LLC, as lead arranger, joint book running manager and syndication agent, Bear, Stearns & Co. Inc., as arranger and joint book
running manager, Bear Stearns Corporate Lending Inc., as joint documentation agent, Dresdner Bank AG, New York Branch, as arranger and joint documentation agent, J.P. Morgan
Securities Inc., as joint documentation agent, and the Administrative Agent, and (ii) the other Secured Parties (as hereinafter defined). 

RECITALS:  

        WHEREAS, pursuant to the Credit Agreement, the Lenders have severally agreed to make extensions of credit to the Borrower upon the terms and subject to the
conditions set forth therein; 

        WHEREAS,
Wynn Resorts indirectly owns 100% of the Capital Stock of the Borrower; 

        WHEREAS,
the proceeds of the extensions of credit under the Credit Agreement will be used in part to enable the Borrower to make valuable transfers to one or more other Persons, each of
which are directly or indirectly wholly-owned Subsidiaries of Wynn Resorts; 

        WHEREAS,
Wynn Resorts will derive substantial direct and indirect benefit from the making of the extensions of credit under the Credit Agreement; and 

        WHEREAS,
it is a condition precedent to the obligations of the Lenders to make their respective extensions of credit to the Borrower under the Credit Agreement that Wynn Resorts shall
have executed and delivered this Agreement to the Administrative Agent for the ratable benefit of the Secured Parties; 

        NOW,
THEREFORE, in consideration of the premises and to induce the Arrangers, the Managers, the Agents, including, without limitation, the Administrative Agent, and the Lenders to enter
into the Credit Agreement and to induce the Lenders to make their respective extensions of credit to the Borrower thereunder, Wynn Resorts hereby agrees with the Administrative Agent, for the ratable
benefit of the Secured Parties, as follows: 

 
 

SECTION 1.    DEFINED TERMS    
  

        1.1    Definitions.    Any capitalized terms used in this Agreement which are not otherwise defined herein shall have
the respective meanings ascribed to such terms in the Credit Agreement. 

	(b)
	The
following terms shall have the following meanings: 

         "Agreement": this Parent Guaranty, as the same may be amended, supplemented, replaced or otherwise modified from time to time. 

         "Borrower Obligations": the collective reference to the Obligations of the Borrower. 

        "Disbursement Agreement": that certain Master Disbursement Agreement, dated as of    , 2002, among the Borrower, the Administrative Agent
and the other
parties signatory thereto, as the same may hereafter be amended or modified in accordance with its terms and the terms of the Credit Agreement. 

 

         "Excluded Assets": any Capital Stock held by Wynn Resorts, other than the Capital Stock of Valvino Lamore, LLC, or any other Loan Party. 

        "Other Guarantors": collectively, the Guarantors other than Wynn Resorts and any other Person who guaranties the Borrower Obligations for the benefit of the
Administrative Agent. 

         "Secured Parties": collectively, the Arrangers, the Agents, the Managers, the Lenders and, with respect to any Specified Hedge Agreement, any affiliate of any
Lender party thereto or any Person that was a Lender or an affiliate thereof when such Specified Hedge Agreement was entered into that has agreed to be bound by the provisions of Section 7.2 of
the Guarantee and Collateral Agreement as if it were a party thereto and by the provisions of Section 9 of the Credit Agreement as if it were a Lender party thereto. 

        "Wynn Put Agreement": the Agreement, dated as of June 13, 2002, among Stephen A. Wynn and Wynn Resorts, relating to the Buy-Sell Agreement,
dated as of June 13, 2002, among Stephen A. Wynn, Kazuo Okada, Aruze USA and Aruze Corp. 

        1.2    Other Definitional Provisions.    (a) The words "hereof", "herein", "hereto" and "hereunder" and words of
similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section and Schedule references are to this Agreement
unless otherwise specified. 

	(b)
	The
meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.

	(c)
	The
expressions "payment in full," "paid in full" and any other similar terms or phrases when used herein with respect to the Borrower Obligations shall mean the unconditional, final
and irrevocable payment in full, in immediately available funds, of all of the Borrower Obligations. 

 
 

SECTION 2.    GUARANTEE    
  

        2.1.    Guarantee.    

	(a)
	Wynn
Resorts hereby unconditionally and irrevocably, guarantees to the Administrative Agent, for the ratable benefit of the Secured Parties and their respective successors, indorsees,
transferees and assigns, the prompt and complete payment and performance by the Borrower when due (whether at the stated maturity, by acceleration or otherwise) of the Borrower Obligations.

	(b)
	The
guarantee contained in this Section 2 shall remain in full force and effect until payment in full of all Borrower Obligations that do not arise under a Specified Hedge
Agreement, notwithstanding that from time to time during the term of the Credit Agreement the Borrower may be free from any Borrower Obligations.

	(c)
	No
payment made by the Borrower, Wynn Resorts, any Other Guarantor or any other Person or received or collected by any Secured Party from the Borrower, Wynn Resorts, any Other
Guarantor or any other Person by virtue of any action or proceeding or any set-off or appropriation or application at any time or from time to time in reduction of or in payment of the
Borrower Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of Wynn Resorts hereunder which shall, notwithstanding any such payment (other than any payment made
by Wynn Resorts in respect of the Borrower Obligations or any payment received or collected from Wynn Resorts in respect of the Borrower Obligations), remain liable for the Borrower Obligations up to
the maximum liability of Wynn Resorts hereunder until the Borrower Obligations (other than Obligations in respect of any Specified Hedge Agreement) are paid in full, no Letter of Credit shall be
outstanding and the Commitments are terminated or have expired. 

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        2.2    Rights of Reimbursement, Contribution and Subrogation.    

	(a)
	In
case any payment is made on account of the Borrower Obligations by Wynn Resorts or is received or collected on account of the Obligations from Wynn Resorts or its property, Wynn
Resorts may be entitled, subject to and upon payment in full of the Borrower Obligations, (A) to demand and
enforce reimbursement for the full amount of such payment from the Borrower and (B) to demand and enforce contribution in respect of such payment from each Other Guarantor which has not paid
its fair share of such payment, as necessary to ensure that (after giving effect to any enforcement of reimbursement rights provided hereby) Wynn Resorts and each Other Guarantor pays its fair share
of the unreimbursed portion of such payment.

	(b)
	If
and whenever (after payment in full of the Borrower Obligations) any right of reimbursement or contribution becomes enforceable by Wynn Resorts against any Other Guarantor as
described in Section 2.2(a) or otherwise, Wynn Resorts may be entitled, subject to and upon payment in full of the Borrower Obligations, to be subrogated (equally and ratably with all Other
Guarantors entitled to reimbursement or contribution from any Other Guarantor as described in this Section 2.2) to any security interest that may then be held by the Administrative Agent upon
any Collateral granted to it pursuant to the Security Documents. Such right of subrogation shall be enforceable solely against the guarantors of the Borrower Obligations, and not against the Secured
Parties, and neither the Administrative Agent nor any other Secured Party shall have any duty whatsoever to warrant, ensure or protect any such right of subrogation or to obtain, perfect, maintain,
hold, enforce or retain any Collateral for any purpose related to any such right of subrogation. If subrogation is demanded by Wynn Resorts, then (after payment in full of the Borrower Obligations)
the Administrative Agent shall deliver to Wynn Resorts, or to a representative of Wynn Resorts or of the guarantors of the Borrower Obligations generally, at the expense of Wynn Resorts, an instrument
satisfactory to the Administrative Agent transferring, on a quitclaim basis without any recourse, representation, warranty or obligation whatsoever, whatever security interest the Administrative Agent
then may hold in whatever Collateral may then exist that was not previously released or disposed of by the Administrative Agent.

	(c)
	All
rights and claims arising under this Section 2.2 or based upon or relating to any other right of reimbursement, indemnification, contribution or subrogation that may at any
time arise or exist in favor of Wynn Resorts as to any payment on account of the Borrower Obligations made by it or received or collected from its property shall be fully subordinated in all respects
to the prior payment in full of all of the Borrower Obligations (other than Obligations in respect of any Specified Hedge Agreement). Until payment in full of the Borrower Obligations (other than
Obligations in respect of Specified Hedge Agreements), Wynn Resorts shall not demand or receive any collateral security, payment or distribution whatsoever (whether in cash, property or securities or
otherwise) on account of any such right or claim. If any such payment or distribution is made or becomes available to Wynn Resorts in any bankruptcy case or receivership, insolvency or liquidation
proceeding, such payment or distribution shall be delivered by the Person making such payment or distribution directly to the Administrative Agent, for application to the payment of the Borrower
Obligations. If any such payment or distribution is received by Wynn Resorts, it shall be held by Wynn Resorts in trust, as trustee of an express trust for the benefit of the Secured Parties, and
shall forthwith be transferred and delivered by Wynn Resorts to the Administrative Agent, in the exact form received and, if necessary, duly endorsed.

	(d)
	The
obligations of Wynn Resorts under this Agreement, including its liability for the Borrower Obligations, are not contingent upon the validity, legality, enforceability,
collectibility or sufficiency of any right of reimbursement, contribution or subrogation arising under this 

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Section 2.2.
The invalidity, insufficiency, unenforceability or uncollectibility of any such right shall not in any respect diminish, affect or impair any such obligation or any other claim,
interest, right or remedy
at any time held by any Secured Party against Wynn Resorts or its property. The Secured Parties make no representations or warranties in respect of any such right and shall have no duty to assure,
protect, enforce or ensure any such right or otherwise relating to any such right. 

	(e)
	Wynn
Resorts reserves any and all other rights of reimbursement, contribution or subrogation at any time available to it as against any Other Guarantor, but (i) the exercise
and enforcement of such rights shall be subject to Section 2.2(d) and (ii) neither the Administrative Agent nor any other Secured Party shall ever have any duty or liability whatsoever
in respect of any such right, except as provided in Section 2.2(c).

	(f)
	Wynn
Resorts waives any right or claims of right to cause a marshalling of the Borrower's, Wynn Resorts' or any Other Guarantor's assets or to proceed against Wynn Resorts, the
Borrower or any Other Guarantor in any particular order, including, but not limited to, any right arising out of Nevada Revised Statutes 40.430. 

        2.3    Amendments, etc. with respect to the Borrower Obligations.    Wynn Resorts shall remain obligated hereunder
notwithstanding that, without any reservation of rights against any Other Guarantor and without notice to or further assent by any such guarantor, any demand for payment of any of the Borrower
Obligations made by any Secured Party may be rescinded by such Secured Party and any of the Borrower Obligations continued, and the Borrower Obligations, or the liability of any other Person upon or
for any part thereof, or any collateral security or guarantee therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be renewed, increased, extended, amended,
modified, accelerated, compromised, waived, surrendered or released by any Secured Party, and the Credit Agreement and the other Loan Documents and any other documents executed and delivered in
connection therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the requisite Lenders under the Credit Agreement or all Lenders, as the
case may be) may deem advisable from time to time, and any collateral security, guarantee or right of offset at any time held by any Secured Party for the payment of the Borrower Obligations may be
sold, exchanged, waived, surrendered or released. No Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Borrower
Obligations or for the guarantee contained in this Section 2 or any property subject thereto. 

        2.4    Guarantee Absolute and Unconditional.    Wynn Resorts waives any and all notice of the creation, renewal,
extension or accrual of any of the Borrower Obligations and notice of or proof of reliance by any Secured Party upon the guarantee contained in this Section 2 or acceptance of the guarantee
contained in this Section 2; the Borrower Obligations, and any of them, shall conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in
reliance upon the guarantee contained in this Section 2; and all dealings between the Borrower and Wynn Resorts or any of the Other Guarantors, on the one hand, and the Secured Parties, on the
other hand, likewise shall be conclusively presumed to have been had or consummated in reliance upon the guarantee contained in this Section 2. Wynn Resorts waives diligence, presentment,
protest, demand for payment and notice of default or nonpayment to or upon the Borrower, Wynn Resorts or any of the Other Guarantors. Wynn Resorts understands and agrees that the guarantee contained
in this Section 2 shall be construed as a continuing, absolute and unconditional guarantee of payment and performance without regard to (a) the validity or enforceability of the Credit
Agreement or any other Loan Document, any of the Borrower Obligations or any other collateral security therefor or guarantee or
right of offset with respect thereto at any time or from time to time held by any Secured Party, (b) any defense, set-off or counterclaim (other than a defense of payment or
performance hereunder) which may at any time be available to or be asserted by the Borrower or any other Person against any 

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Secured Party, or (c) any other circumstance whatsoever (with or without notice to or knowledge of the Borrower or Wynn Resorts) which constitutes, or might be construed to constitute, an
equitable or legal discharge of the Borrower for the Borrower Obligations, or of Wynn Resorts under the guarantee contained in this Section 2, in bankruptcy or in any other instance. When
making any demand hereunder or otherwise pursuing its rights and remedies hereunder against Wynn Resorts, any Secured Party may, but shall be under no obligation to, make a similar demand on or
otherwise pursue such rights and remedies as it may have against the Borrower, any Other Guarantor or any other Person or against any collateral security or guarantee for the Borrower Obligations or
any right of offset with respect thereto, and any failure by any Secured Party to make any such demand, to pursue such other rights or remedies or to collect any payments from the Borrower, any Other
Guarantor or any other Person or to realize upon any such collateral security or guarantee or to exercise any such right of offset, or any release of the Borrower, any Other Guarantor or any other
Person or any such collateral security, guarantee or right of offset, shall not relieve Wynn Resorts of any obligation or liability hereunder, and shall not impair or affect the rights and remedies,
whether express, implied or available as a matter of law, of any Secured Party against Wynn Resorts. For the purposes hereof "demand" shall include the commencement and continuance of any legal
proceedings. 

        2.5    Reinstatement.    The guarantee contained in this Section 2 shall continue to be effective, or be
reinstated, as the case may be, if at any time payment, or any part thereof, of any of the Borrower Obligations is rescinded or must otherwise be restored or returned by any Secured Party upon the
insolvency, bankruptcy, dissolution, liquidation or reorganization of the Borrower, Wynn Resorts or any Other Guarantor, or upon or as a result of the appointment of a receiver, intervenor or
conservator of, or trustee or similar officer for, the Borrower, Wynn Resorts or any Other Guarantor or any substantial part of its property, or otherwise, all as though such payments had not been
made. 

        2.6    Payments.    Wynn Resorts hereby guarantees that payments hereunder will be paid to the Administrative Agent
without set-off or counterclaim in Dollars in immediately available funds at the office of the Administrative Agent located at the Payment Office specified in the Credit Agreement. 

 
 

SECTION 3.    SECURITY INTERESTS    
  

        3.1.    Restriction on Grant of Security Interest.    Wynn Resorts hereby agrees that it shall not grant any security
interests in any of its assets or properties (other than a security interest in favor of the Administrative Agent for the benefit of the Lenders and security interests granted in Excluded Assets or
assets or properties that individually and in the aggregate have a fair market value of less than $10,000,000) in favor of any Person to secure (i) any Indebtedness of any of its Affiliates,
(ii) any Guarantee Obligations by Wynn Resorts of Indebtedness of any of its Affiliates, or (iii) any
Indebtedness incurred by Wynn Resorts (any such grant of security interest, a "Granted Security Interest"), unless: 

	(a)
	Wynn
Resorts concurrently executes and delivers to the Administrative Agent a security agreement in substantially the form of the security agreement related to the Granted Security
Interest (a "Parent Security Agreement") and thereby grants a perfected, enforceable security interest in those assets or properties in favor of the
Administrative Agent for the benefit of the Lenders to secure the obligations of Wynn Resorts pursuant to this Agreement; and

	(b)
	the
security interest described in clause (a) above ranks senior to or is pari passu with the Granted Security Interest. 

        3.2    Further Assurances.    Wynn Resorts shall execute and deliver such additional instruments, certificates or
documents, and take all such actions as may be reasonably required from time to time in order to (a) carry out more effectively the purposes of this Agreement and the Parent Security Agreement
(if any), (b) create, grant, perfect and maintain the validity, effectiveness, perfection and priority of the Parent Security Agreement (if any) and the Liens created, or intended to be
created, 

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thereby (if any), (c) ensure that this Agreement and the Liens created or purported to be created under the Parent Security Agreement (if any) have the ranking required under this Agreement;
and (d) ensure that any of the rights granted or intended to be granted to the Administrative Agent under this Agreement or the Parent Security Agreement (if any) or under any other instrument
executed in connection therewith or granted to Wynn Resorts thereunder or under any other instrument executed in connection therewith are protected and enforced. 

 
 

SECTION 4.    SEPARATENESS    
  

        Wynn Resorts hereby agrees that, for so long as there continues to be any outstanding Borrower Obligations, it shall comply with each of the following: 

	(a)
	Wynn
Resorts shall not conduct business in the name of any of the Loan Parties or the Completion Guarantor (collectively, the "Wynn Group
Members"), nor shall it refer to any of the Wynn Group Members as a division, department or other subdivision of Wynn Resorts that is not recognized as a separate and distinct
legal entity under applicable law. Wynn Resorts shall have separate stationery, invoices and checks in its own name and shall observe all organizational formalities. Wynn Resorts shall not refer to
employees of a Wynn Group Member as employees of Wynn Resorts or of any Affiliate of Wynn Resorts that is not a Wynn Group Member. Wynn Resorts shall maintain arms'-length relationships with the Wynn
Group Members, except for management fees, distributions and other specific transactions, to the extent expressly permitted by the Loan Documents. Wynn Resorts shall maintain adequate capital in light
of its contemplated business purpose, transactions and liabilities.
Wynn Resorts shall not commingle its funds with those of the Wynn Group Entities, and in all transactions involving the Wynn Group Entities and Wynn Resorts, the separate funds of each of the Wynn
Group Members and Wynn Resorts shall be clearly traceable. The assets of Wynn Resorts shall remain identifiably separate from those of the Wynn Group Members such that there will be no material
difficulty in segregating the assets of the Wynn Group Members from those of Wynn Resorts.

	(b)
	Wynn
Resorts shall not hold out the Wynn Group Members to be other than legal entities separate and distinct from Wynn Resorts, and Wynn Resorts shall not hold out that the assets of
the Wynn Group Members are available to satisfy the liabilities of Wynn Resorts. In any communications with creditors of Wynn Resorts that refer in any way directly or indirectly to the assets,
liabilities, operations or results from operations of the Wynn Group Members, Wynn Resorts shall ensure that such communications accurately describe the separate existence of the Wynn Group Members
and the fact that the assets of the Wynn Group Members are not available to satisfy the liabilities of Wynn Resorts.

	(c)
	Wynn
Resorts shall maintain books, records and accounts separate and apart from each of the Wynn Group Members. In any consolidated financial statements of Wynn Resorts that refer to
assets, liabilities, operations or results from operations of the Wynn Group Members, Wynn Resorts shall, in footnotes or otherwise, describe the assets, liabilities, operations and results from
operations of the Wynn Group Members separately from those of Wynn Resorts and further shall note that (i) each Wynn Group Member is organized as a legal entity separate and distinct from Wynn
Resorts, (ii) there is no agreement or other arrangement or relationship under which or pursuant to which the assets of a Wynn Group Member have been pledged or otherwise made available to
satisfy the obligations of Wynn Resorts or any of its Affiliates that are not Wynn Group Members, and (iii) each Wynn Group Member has issued or guaranteed indebtedness that is secured by Liens
on substantially all of the assets of said Wynn Group Member (except as otherwise permitted by the terms of the Loan Documents). 

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	(d)
	In
addition to the foregoing, Wynn Resorts shall not take any other action that would reasonably be expected to call into question the separate identity of each Wynn Group Member from
Wynn Resorts, or to create or increase any risk that the assets of any Wynn Group Member will be consolidated with those of Wynn Resorts or any other Person (other than another Wynn Group Member)
under applicable federal or state bankruptcy or insolvency law. 

 
 

SECTION 5.    WYNN PUT AGREEMENT    
  

        Wynn Resorts hereby agrees that it shall not amend, modify, waive or otherwise change, or consent or agree to any amendment, modification, waiver or other change
to, or otherwise fail to enforce, or terminate or abandon, any of the provisions of the Wynn Put Agreement, if such amendment, modification, waiver or other change, failure to enforce, termination or
abandonment (individually or collectively with all such amendments, modifications, waivers and other changes, failures to enforce, terminations or abandonments taken as a whole) would (a) have
a material adverse affect on the ability
of the Borrower or any other Loan Party to develop, construct or operate the Project, (b) cause the Completion Date to occur or result in that date occurring after the Scheduled Completion
Deadline, (c) materially impair the rights or remedies of the Lenders, or (d) materially impair the development, use or operation of the Project. Notwithstanding the provisions of this
Agreement, in no event shall Wynn Resorts be required, by reason of this Agreement or the Parent Guaranty Agreement (if any), to become a Loan Party or otherwise to become subject to the restrictive
covenants or other terms of the Credit Agreement. 

 
 

SECTION 6.    MISCELLANEOUS    
  

        6.1    Amendments in Writing.    None of the terms or provisions of this Agreement may be waived, amended,
supplemented or otherwise modified except in accordance with Section 10.1 of the Credit Agreement. 

        6.2    Notices.    All notices, requests and demands to or upon the Administrative Agent or Wynn Resorts hereunder
shall be effected in the manner provided for in Section 10.2 of the Credit Agreement; provided that any such notice, request or demand to or upon
Wynn Resorts shall be addressed to Wynn Resorts at its notice address set forth below: 

	
	 	 
	

	
 	

 
	

	
 	

 
	

	
 	

 

        6.3    No Waiver by Course of Conduct; Cumulative Remedies.    No Secured Party shall by any act (except by a written
instrument pursuant to Section 6.1), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any Default or Event of Default. No
failure to exercise, nor any delay in exercising, on the part of any Secured Party, any right, power or privilege hereunder shall operate as a waiver thereof. No single or partial exercise of any
right, power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by any Secured Party of any right or remedy
hereunder on any one occasion shall not be construed as a bar to any right or remedy which such Secured Party would otherwise have on any future occasion. The rights and remedies herein provided are
cumulative, may be exercised singly or concurrently and are not exclusive of any other rights or remedies provided by law. 

        6.4    Enforcement Expenses; Indemnification.    (a) Wynn Resorts agrees to pay or reimburse each Secured
Party for all its costs and expenses incurred in collecting against Wynn Resorts under the guarantee contained in Section 2 or otherwise enforcing or preserving any rights under this Agreement,
including, without limitation, the fees and disbursements of counsel to each Secured Party and of counsel to the Administrative Agent. 

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	(b)
	Wynn
Resorts agrees to pay, and to save the Secured Parties harmless from, any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses
or disbursements of any kind or nature whatsoever with respect to the execution, delivery, enforcement, performance and administration of this Agreement to the extent the Borrower would be required to
do so pursuant to Section 10.5 of the Credit Agreement.

	(c)
	The
agreements in this Section 6.4 shall survive repayment of the Borrower Obligations and all other amounts payable under the Credit Agreement and the other Loan Documents.

	(d)
	Wynn
Resorts agrees that the provisions of Section 2.20 of the Credit Agreement are hereby incorporated herein by reference, mutatis
mutandis, and each Secured Party shall be entitled to rely on each of them as if they were fully set forth herein. 

        6.5    Successors and Assigns.    This Agreement shall be binding upon the successors and assigns of Wynn Resorts and
shall inure to the benefit of the Secured Parties and their successors and assigns; provided, that Wynn Resorts may not assign, transfer or delegate any
of its rights or obligations under this Agreement without the prior written consent of the Administrative Agent. 

        6.6    Set-Off.    Wynn Resorts hereby irrevocably authorizes each Secured Party at any time and from time
to time while an Event of Default shall have occurred and be continuing, without notice to Wynn Resorts or any Other Guarantor, any such notice being expressly waived by Wynn Resorts, to
set-off and appropriate and apply any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any
currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Secured Party to or for the credit or the account of Wynn Resorts, or
any part thereof in such amounts as such Secured Party may elect, against and on account of the obligations and liabilities of Wynn Resorts to such Secured Party hereunder and claims of every nature
and description of such Secured Party against Wynn Resorts, in any currency, whether arising hereunder or otherwise, as such Secured Party may elect, whether or not any Secured Party has made any
demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. Each Secured Party shall notify Wynn Resorts promptly of any such set-off and the
application made by such Secured Party of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off
and application. The rights of each Secured Party under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which such
Secured Party may have. 

        6.7    Representations and Warranties.    Wynn Resorts hereby represents and warrants as follows: (a) Wynn
Resorts has the requisite corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder and under the Parent Security Agreement (if any), (b) the
execution, delivery and performance by Wynn Resorts of this Agreement and the Parent Security Agreement (if any) have been duly approved by all necessary corporate action of Wynn Resorts and no other
corporate proceedings on the part of Wynn Resorts are necessary to consummate the transactions contemplated by this Agreement and the Parent Security Agreement (if any), (c) this Agreement has
been duly executed and delivered by Wynn Resorts, and (d) this Agreement is (and, upon the execution and delivery thereof by Wynn Resorts, the Parent Security Agreement will be) the legal,
valid and binding obligations of Wynn Resorts, enforceable against Wynn Resorts in accordance with their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at
law). 

        6.8    Counterparts.    This Agreement may be executed by one or more of the parties to this Agreement on any number
of separate counterparts (including by telecopy), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 

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        6.9    Severability.    Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability
in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

        6.10    Section Headings.    The Section headings used in this Agreement are for convenience of reference only and are
not to affect the construction hereof or be taken into consideration in the interpretation hereof. 

        6.11    Integration.    This Agreement represents the agreement of Wynn Resorts, the Administrative Agent and the
other Secured Parties with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by any Secured Party relative to subject matter
hereof and thereof not expressly set forth or referred to herein. 

        6.12    GOVERNING LAW.    THIS AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

        6.13    Submission to Jurisdiction; Waivers.    Wynn Resorts hereby irrevocably and unconditionally: 

	(a)
	submits
for itself and its property in any legal action or proceeding relating to this Agreement and the other Loan Documents to which it is a party, or for recognition and
enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of the Courts of the State of New York, the courts of the United States of America for the
Southern District of New York, and appellate courts from any thereof;

	(b)
	consents
that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in
any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same;

	(c)
	agrees
that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail),
postage prepaid, to Wynn Resorts at its address referred to in Section 6.2 or at such other address of which the Administrative Agent shall have been notified pursuant thereto;

	(d)
	agrees
that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction; and

	(e)
	waives,
to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding referred to in this Section any special, exemplary,
punitive or consequential damages. 

        6.14    Acknowledgments.    Wynn Resorts hereby acknowledges that: 

	(a)
	it
has been advised by counsel in the negotiation, execution and delivery of this Agreement;

	(b)
	no
Secured Party has any fiduciary relationship with or duty to Wynn Resorts arising out of or in connection with this Agreement, and the relationship between Wynn Resorts, on the one
hand, and the Secured Parties, on the other hand, in connection herewith or therewith is solely that of debtor and creditor; and

	(c)
	no
joint venture is created hereby or otherwise exists by virtue of the transactions contemplated hereby among the Secured Parties or between Wynn Resorts and the Secured Parties. 

        6.15    Releases.    At such time as the Loans, the Reimbursement
Obligations and the other Obligations (other than unmatured contingent reimbursement and indemnification Obligations, and Obligations in respect of any Specified Hedge Agreement) shall have been paid
in full, the 

9

 

Commitments have been terminated or expired and no Letters of Credit shall be outstanding, this Agreement and all obligations (other than those expressly stated to survive such termination) of the
Administrative Agent and Wynn Resorts hereunder shall terminate, all without delivery of any instrument or performance of any act by any party. At the request and sole expense of Wynn Resorts
following any such termination, the Administrative Agent shall execute and deliver to Wynn Resorts such documents as Wynn Resorts shall reasonably request to evidence such termination. 

        6.16    WAIVER OF JURY TRIAL.    WYNN RESORTS AND THE ADMINISTRATIVE
AGENT HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.  

        IN WITNESS WHEREOF, each of the undersigned has caused this Parent Guaranty to be duly executed and delivered as of the date first above written. 

	WYNN RESORTS, LIMITED,

a Nevada corporation,
	

By:	

	Name:	

	Title:	

	

DEUTSCHE BANK TRUST COMPANY AMERICAS,

as Administrative Agent
	

By:	

	Name:	

	Title:	

10

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Exhibit 10.82

FORM OF PARENT GUARANTY

SECTION 1. DEFINED TERMS

SECTION 2. GUARANTEE

SECTION 3. SECURITY INTERESTS

SECTION 4. SEPARATENESS

SECTION 5. WYNN PUT AGREEMENT

SECTION 6. MISCELLANEOUSQuickLinks
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EXHIBIT 4.1  

 
 

REGISTRATION RIGHTS AGREEMENT    
  

        This Registration Rights Agreement, dated as of March 22, 2001 (this "Rights Agreement"), is made by and between  SuperGen, Inc.
(the "Corporation") and The Kriegsman Group ("Kriegsman"). 

        WHEREAS,
the Corporation and Kriegsman have entered into an Agreement, dated as of March 22, 2001 (the "Agreement") that provides for the issuance of warrants (the "Warrants") to
Kriegsman from the Corporation to purchase shares of the Corporation's common stock (the "Common Stock"); and 

        WHEREAS,
the Corporation and Kriegsman deem it to be in their respective best interests to set forth the rights of Kriegsman in connection with public offerings and sales of the Common
Stock issuable upon exercise of the Warrants. 

        NOW, THEREFORE, in consideration of the premises and mutual covenants and obligations hereinafter set forth, the Corporation and Kriegsman
hereby agree as follows: 

        Section 1.    Definitions.    As used in this Agreement, the
following terms shall have the following meanings: 

	(a)
	"Closing
Date" means the date of closing of any sale of shares of Common Stock issuable upon exercise of the Warrants pursuant to the Agreement.

	(b)
	"Commission"
means the Securities and Exchange Commission or any other Federal agency at the time administering the Securities Act.

	(c)
	"Demand
for Registration" means a written notice signed by the holders of more than 50% of the then outstanding Registrable Shares delivered to the Corporation requesting registration
of the Registrable Shares.

	(d)
	"Exchange
Act" means the Securities Exchange Act of 1934 or any successor Federal statute, and the rules and regulations of the Commission promulgated thereunder, all as the same
shall be in effect from time to time.

	(e)
	"Other
Shares" means at any time those shares of Common Stock held by any person (or issuable upon exercise or conversion of any security held by any person) that do not constitute
Primary Shares or Registrable Shares.

	(f)
	"Primary
Shares" means at any time the authorized but unissued shares of Common Stock and shares of Common Stock held by the Corporation in its treasury.

	(g)
	"Registrable
Shares" means Restricted Shares that constitute Common Stock issuable upon exercise of the Warrants; provided, however, that Restricted Shares that constitute Common
Stock shall only be treated as Registrable Securities if and so long as they have not been (i) sold to or through a broker or dealer or underwriter in a registered public distribution or a
registered public securities transaction, or (ii) sold or are available for sale in a single transaction exempt from the registration and prospectus delivery requirements of the Securities Act
so that all transfer restrictions and restrictive legends with respect thereto are removed upon the consummation of such sale pursuant to Rule 144.

	(h)
	"Restricted
Shares" means shares of Common Stock issued upon the exercise of the Warrants pursuant to the Agreement and held by the Securityholders. As to any particular Restricted
Shares, once issued, such Restricted Shares shall cease to be Restricted Shares when (i) they have been registered under the Securities Act, the registration statement in connection therewith
has been declared effective and they have been disposed of pursuant to such effective registration statement, or (ii) they shall have ceased to be outstanding. 

 

	(i)
	"Securities
Act" means the Securities Act of 1933 or any successor Federal statute, and the rules and regulations of the Commission thereunder, all as the same shall be in effect from
time to time.

	(j)
	"Securityholders"
means Kriegsman as the purchaser of the Restricted Shares and includes any successor to, or assignee or transferee of, Kriegsman who shall agree in writing to be
treated as a Securityholder hereunder and to be bound by the terms and comply with all applicable provisions hereof. 

        Section 2.    Demand Registration.    Provided that the
Securityholders deliver a Demand for Registration within four months from the date of this Agreement, the Corporation agrees to file a registration statement covering all of the Registrable
Shares then outstanding and to use its reasonable best efforts to cause that registration statement to become effective under the Securities Act by no later than October 7, 2001. The
Corporation agrees to promptly file, and cause to become effective under the Securities Act within 90 days of such filing, additional registration statements following receipt of Demand for
Registration delivered more than one year from the date of this Agreement covering Registrable Shares that were not previously registered. The Corporation shall not be obligated to effect any
registration under the Securities Act except in accordance with the following provisions: 

	(a)
	the
Corporation shall not be obligated to file more than one registration statement pursuant to this Section 2 with respect to any of the Registrable Shares that were
outstanding at the time of effectiveness of a registration statement covering any of the Registrable Shares where those outstanding shares could have been included in the registration statement that
went effective;

	(b)
	with
respect to any registration pursuant to this Section 2, the Corporation shall give notice of such registration to the Securityholders hereunder and to the holders of all
Other Shares which are entitled to registration rights and the Corporation may include in such registration any Primary Shares or Other Shares;

	(c)
	if
the method of disposition requested by the holders, pursuant to this Section 2, is an underwritten public offering, the majority of the holders of Registrable Shares shall
have the right to designate the managing underwriter of such offering, which underwriter shall be reasonably acceptable to the Corporation; and

	(d)
	at
any time before the registration statement covering Registrable Shares becomes effective, the holders of a majority of such shares may request the Corporation to withdraw or not to
file the registration statement. In that event, if such request of withdrawal shall not have been caused by, or made in response to, the material adverse effect of an event on the business,
properties, condition, financial or otherwise, or operations of the Corporation, the Company shall have no further obligations with respect to the registration of Registrable Shares under this
Section 2 unless the holders shall pay to the Corporation the expenses incurred by the Corporation through the date of such request. 

        Section 3.    Piggyback Registration.    If the Corporation
proposes for any reason to register Primary Shares or Other Shares under the Securities Act (other than on Form S-4 or Form S-8 promulgated under the
Securities Act or any successor forms thereto) by filing a registration statement with the Commission at any time, it shall promptly give written notice to the Securityholders of its intention to so
register such Primary Shares or Other Shares and, upon the written request, delivered to the Corporation within 30 days after delivery of any such notice by the Corporation, of any
Securityholder to include in such registration Registrable Shares (which request shall specify the number of Registrable Shares proposed to be included in such registration), the Corporation shall use
its reasonable best efforts to cause all such Registrable Shares of Securityholders delivering such notice to be included in such registration on the same terms and conditions as the securities
otherwise being sold 

2

 

in such registration; provided, however, that if the managing underwriter advises the Corporation that the inclusion of all Registrable Shares
requested to be included in such registration would interfere with the successful marketing (including pricing) of the Primary Shares or Other Shares proposed to be registered by the Corporation, then
the number of Primary Shares, Registrable Shares and Other Shares proposed to be included in such registration shall be included in the following order: 

	(a)
	if
the Corporation proposes to register Primary Shares:

	(i)
	first,
the Primary Shares; and

	(ii)
	second,
the Registrable Shares and Other Shares requested to be included in such registration (or, if necessary, such Registrable Shares and Other
Shares pro rata among the holders thereof based upon the number of Registrable Shares and Other Shares requested to be registered by each such holder); or 

	(b)
	if
the Corporation proposes to register Other Shares pursuant to a request for registration by the holders of such Other Shares:

	(i)
	first,
the Other Shares held by the parties demanding such registration;

	(ii)
	second,
the Registrable Shares and Other Shares (other than shares registered pursuant to Section 3(b)(i) hereof) requested to be
registered by the holders hereof (or, if necessary, pro rata among the holders thereof based on the number of Registrable Shares and Other Shares requested to be registered by such holders); and 

        All
proposing to distribute their securities through such underwriting under this Section 2 shall (together with the Company and the other holders distributing their securities
through such underwriting) enter into an underwriting agreement in customary form with the managing underwriter selected for such underwriting by the Company. Notwithstanding any other provision of
this Agreement, if the managing underwriter determines that marketing factors require a limitation of the number of shares to be
underwritten, the managing underwriter and the Company may reduce the Registrable Shares to included in such registration to the extent the underwriters deem necessary. 

        Section 4.    Preparation and Filing.    If and whenever the
Corporation is under an obligation pursuant to the provisions of this Agreement to effect the registration of any Registrable Shares, the Corporation shall, as expeditiously as practicable: 

	(a)
	cause
a registration statement that registers such Registrable Shares to become and remain effective until the earlier of the date that is five years after the Closing Date with
respect to the Registrable Shares that are being registered or until all of such Registrable Shares have been disposed of;

	(b)
	prepare
and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such
registration statement effective until the earlier of the date that is five years after the Closing Date with respect to the Registrable Shares that are being registered or until all of such
Registrable Shares have been disposed of and to comply with the provisions of the Securities Act with respect to the sale or other disposition of such Registrable Shares;

	(c)
	register
or qualify such Registrable Shares under such other securities or blue sky laws of such jurisdictions as the Securityholders reasonably request and do any and all other acts
and things which may be reasonably necessary or advisable to enable the Securityholders to consummate the disposition in such jurisdictions of the Registrable Shares owned by the Securityholders;  provided,
however, that the Corporation will not be required to qualify generally to do business, subject itself to general taxation or consent to
general service of process in any jurisdiction where it would not otherwise be required to do so but for this paragraph (c) or to 

3

 

provide
any material undertaking or make any changes in its By-laws or Certificate of Incorporation which the Board of Directors determines to be contrary to the best interests of the
Corporation; 

	(d)
	upon
written request furnish to the Securityholders holding such Registrable Shares such number of copies of a summary prospectus, if any, or other prospectus, including a preliminary
prospectus, in conformity with the requirements of the Securities Act, and such other documents as such Securityholders may reasonably request in order to facilitate the public sale or other
disposition of such Registrable Shares;

	(e)
	use
commercially reasonable efforts to cause such Registrable Shares to be registered with or approved by such other governmental agencies or authorities as may be necessary by virtue
of the business and operations of the Corporation to enable the Securityholders holding such Registrable Shares to consummate the disposition of such Registrable Shares;

	(f)
	notify
the Securityholders holding such Registrable Shares on a timely basis at any time when a prospectus relating to such Registrable Shares is required to be delivered under the
Securities Act within the appropriate period mentioned in subparagraph (a) of this Section 4, of the happening of any event as a result of which the prospectus included in such
registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein
not misleading in light of the circumstances then existing and, at the request of the Securityholders, prepare and furnish to such Securityholders a reasonable number of copies of a supplement to or
an amendment of such prospectus as may be necessary so that, as thereafter delivered to the offerees of such shares, such prospectus shall not include an untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing;

	(g)
	subject
to the execution of confidentiality agreements in form and substance satisfactory to the Corporation, make available upon reasonable notice and during normal business hours,
for inspection by the Securityholders holding such Registrable Shares, any underwriter participating in any disposition pursuant to such registration statement and any attorney, accountant or other
agent retained by the Securityholders or underwriter (collectively, the "Inspectors"), all pertinent financial and other records, pertinent corporate documents and properties of the Corporation
(collectively, the "Records"), as shall be reasonably necessary to enable them to exercise their due diligence responsibility, and cause the Corporation's officers, directors and employees to supply
all information (together with the Records, the "Information") reasonably requested by any such Inspector in connection with such registration statement. Any of the Information which the Corporation
determines in good faith to be confidential, and of which determination the Inspectors are so notified, shall not be disclosed by the Inspectors unless (i) the disclosure of such Information is
necessary to avoid or correct a misstatement or omission in the registration statement, (ii) the release of such Information is ordered pursuant to a subpoena or other order from a court of
competent jurisdiction or (iii) such Information has been made generally available to the public; the Securityholders agree that they will, upon learning that disclosure of such Information is
sought in a court of competent jurisdiction, give notice to the Corporation and allow the Corporation, at the Corporation's expense, to undertake appropriate action to prevent disclosure of the
Information deemed confidential;

	(h)
	use
its reasonable best efforts to obtain from its independent certified public accountants "cold comfort" letters in customary form and at customary times and covering matters of the
type customarily covered by cold comfort letters; 

4

 

	(i)
	use
icommercially reasonable efforts to obtain from its counsel an opinion or opinions in customary form;

	(j)
	provide
a transfer agent and registrar (which may be the same entity) for such Registrable Shares;

	(k)
	issue
to any underwriter to which the Securityholders holding such Registrable Shares may sell shares in such offering certificates evidencing such Registrable Shares;

	(l)
	list
such Registrable Shares on any national securities exchange on which any shares of the Common Stock are listed or, if the Common Stock is not listed on a national securities
exchange, use commercially reasonable efforts to qualify such Registrable Shares for inclusion on the automated quotation system of the National Association of Securities Dealers, Inc. (the
"NASD"), or such other national securities exchange as the holders of a majority of such Registrable Shares shall reasonably request;

	(m)
	use
commercially reasonable efforts to take all other steps necessary to effect the registration of such Registrable Shares contemplated hereby.

	(n)
	Each
holder of the Registrable Shares, upon receipt of any notice from the Corporation of any event of the kind described in Section 4(f) hereof, shall forthwith discontinue
disposition of the Registrable Shares pursuant to the registration statement covering such Registrable Shares until such holder's receipt of the copies of the supplemented or amended prospectus
contemplated by Section 4(f) hereof, and, if so directed by the Corporation, such holder shall deliver to the Corporation all copies, other than permanent file copies then in such holder's
possession, of the prospectus covering such Registrable Shares at the time of receipt of such notice. 

        Section 5.    Expenses.    All expenses (other than
underwriting discounts and commissions relating to the Registrable Shares, as provided in the last sentence of this Section 5) incurred by the Corporation in complying with Section 4,
including, without limitation, all registration and filing fees (including all expenses incident to filing with the NASD), fees and expenses of complying with securities and blue sky laws, printing
expenses, and fees and expenses of the Corporation's counsel and accountants, shall be paid by the Corporation; provided, however, that all underwriting
discounts and selling commissions applicable to the Registrable Shares and Other Shares shall be borne by the holders selling such Registrable Shares and Other Shares, in proportion to the number of
Registrable Shares and Other Shares sold by each such holder. 

        Section 6.    Indemnification.    

	(a)
	In
connection with any registration of any Registrable Shares under the Securities Act pursuant to this Agreement, the Corporation shall indemnify and hold harmless the holders of
Registrable Shares, each underwriter, broker or any other person acting on behalf of the holders of Registrable Shares and each other person, if any, who controls any of the foregoing persons within
the meaning of the Securities Act against any losses, claims, damages or liabilities, joint or several (or actions in respect thereof), to which any of the foregoing persons may become subject under
the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon (i) an untrue statement or allegedly
untrue statement of a material fact contained
in the registration statement under which such Registrable Shares were registered under the Securities Act, any preliminary prospectus or final prospectus contained therein or otherwise filed with the
Commission, any amendment or supplement thereto or any document incident to registration or qualification of any Registrable Shares, or (ii) the omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements therein not misleading or, with respect to any prospectus, necessary to make 

5

 

the
statements therein in light of the circumstances under which they were made not misleading, or any violation by the Corporation of the Securities Act or state securities or blue sky laws
applicable to the Corporation and relating to action or inaction required of the Corporation in connection with such registration or qualification under such state securities or blue sky laws. The
Corporation shall reimburse the holders of Registrable Shares, any underwriter or broker or such other person acting on behalf of the holders of Registrable Shares and each controlling person of such
underwriters, brokers or other persons for any legal or other expenses reasonably incurred by any of them in connection with investigating or defending any such loss, claim, damage, liability or
action; provided, however, that the Corporation shall not be liable in any such case to the extent that any such loss, claim, damage, liability or
action (including any legal or other expenses incurred) arises out of or is based upon an untrue statement or allegedly untrue statement or omission or alleged omission made in said registration
statement, preliminary prospectus, final prospectus, amendment, supplement or document incident to registration or qualification of any Registrable Shares in reliance upon and in conformity with
written information furnished to the Corporation through an instrument duly executed by the holders of Registrable Shares or their counsel or underwriter specifically for use in the preparation
thereof; provided further, however, that the foregoing indemnity agreement is subject to the condition that, insofar as it relates to any untrue
statement, allegedly untrue statement, omission or alleged omission made in any preliminary prospectus but eliminated or remedied in the final prospectus (filed pursuant to Rule 424 of the
Securities Act), such indemnity agreement shall not inure to the benefit of any Securityholder, underwriter, broker or other person acting on behalf of holders of the Restricted Shares from whom the
person asserting any loss, claim, damage, liability or expense purchased the Restricted Shares which are the subject thereof, if a copy of such final prospectus had been made available to such selling
person and such Securityholder, underwriter, broker or other person acting on his behalf and such final prospectus was not delivered to the purchaser with or prior to the written confirmation of the
sale of such Registrable Shares to such purchaser. 

	(b)
	In
connection with any registration of Registrable Shares under the Securities Act pursuant to this Agreement, each holder of Registrable Shares shall severally and jointly indemnify
and hold harmless (in the same manner and to the same extent as set forth in the preceding paragraph of this Section 6) the Corporation, each director of the Corporation, each officer of the
Corporation who shall sign such registration statement, each underwriter, broker or other person acting on behalf of the holders of Registrable Shares and each person who controls any of the foregoing
persons within the meaning of the Securities Act with respect to any statement or omission from such registration statement, any preliminary prospectus or final prospectus contained therein or
otherwise filed with the Commission, any amendment or supplement thereto or any document incident to registration or qualification of any Registrable Shares, if such statement or omission was made in
reliance upon and in conformity with written information furnished by the holders of Registrable Shares to the Corporation or such underwriter specifically for use in connection with the preparation
of such registration statement, preliminary prospectus, final prospectus, amendment, supplement or document; provided, however, that the maximum amount
of liability in respect of such indemnification shall be limited, in the case of each seller of Registrable Shares, to an amount equal to the net proceeds actually received by such Seller from the
sale of Registrable Shares effected pursuant to such registration.

	(c)
	Promptly
after receipt by an indemnified party of notice of the commencement of any action involving a claim referred to in the preceding paragraphs of this Section 6, such
indemnified party will, if a claim in respect thereof is made against an indemnifying party, give written notice to the latter of the commencement of such action. In case any such action is brought 

6

 

against
an indemnified party, the indemnifying party will be entitled to participate in and to assume the defense thereof, jointly with any other indemnifying party similarly notified to the extent
that it may wish, with counsel reasonably satisfactory to such indemnified party, and after notice from the indemnifying party to such indemnified party of its election so to assume the defense
thereof, the indemnifying party shall not be responsible for any legal or other expenses subsequently incurred by the indemnified party in connection with the defense thereof;  provided, however, that if
any indemnified party shall have reasonably concluded, based upon the advice of counsel, that there may be one or more legal
or equitable defenses available to such indemnified party which are additional to or conflict with those available to the indemnifying party, or that such claim or litigation involves or could have an
effect upon matters beyond the scope of the indemnity agreement provided in this Section 6, the indemnifying party shall not have the right to assume the defense of such action on behalf of
such indemnified party and such indemnifying party shall reimburse such indemnified party and any person controlling such indemnified party for that portion of the reasonable fees and expenses of any
one counsel retained by the indemnified party which is reasonably related to the matters covered by the indemnity agreement provided in this Section 6. 

        Section 7.    Information by Holder.    The Securityholders
shall furnish to the Corporation such written information regarding the Securityholders and the distribution proposed by the Securityholders as the Corporation may reasonably request in writing and as
shall be reasonably required in connection with any registration, qualification or compliance referred to in this Agreement. 

        Section 8.    Successors and Assigns.    This Agreement shall
bind and inure to the benefit of the Corporation and the Securityholders and, subject to Section 9, the respective successors and assigns of the Corporation and the Securityholders. 

        Section 9.    Assignment.    Each Securityholder may assign its
rights hereunder to any purchaser or transferee of Registrable Shares to the extent permissable under federal and state securities laws; provided,
however, that such purchaser or transferee shall, as a condition to the effectiveness of such assignment, be required to execute a counterpart to this Agreement agreeing to be
treated as a Securityholder whereupon such purchaser or transferee shall have the benefits of, and shall be subject to the restrictions contained in, this Agreement as if such purchaser or transferee
was originally included in the definition of an Securityholder herein and had originally been a party hereto. 

        Section 10.    Entire Agreement.    This Agreement contains the
entire agreement among the Corporation and the Securityholders with respect to the subject matter hereof and supersedes all prior and contemporaneous arrangements or understandings with respect
thereto. 

        Section 11.    Notices.    All notices, requests, consents and
other communications hereunder to any party shall be deemed to be sufficient if contained in a written instrument delivered in person or sent by facsimile, nationally-recognized overnight courier or
first class registered or certified mail, return receipt requested, postage prepaid, addressed to such party at the address set forth below or such other address as may hereafter be designated in
writing by such party to the other parties: 

	(i)
	if
to the Corporation, to: 

Dr. Joseph
Rubinfeld

Chairman and Chief Executive Officer

SuperGen, Inc.

4140 Dublin Boulevard, Suite 200

Dublin, California 94568

Facsimile:                          

	(ii)
	if
to the Securityholders, to each such Securityholder at his name and address as set forth in the records of the Company. 

7

 

        All
such notices, requests, consents and other communications shall be deemed to have been delivered (a) in the case of personal delivery or delivery by telecopy, on the date of
such delivery, (b) in the case of dispatch by nationally-recognized overnight courier, on the next business day following such dispatch and (c) in the case of mailing, on the third
business day after the posting thereof. 

        Section 12.    Modifications; Amendments; Waivers.    The terms
and provisions of this Agreement may not be modified or amended, nor may any provision be waived, except pursuant to a writing signed by the Corporation and the holders of at least a majority of the
Registrable Shares then outstanding; provided, however, that any amendment to or modification of this Agreement which would have a disproportionate
adverse affect on the rights of any Securityholder shall require the written consent of such Securityholder. 

        Section 13.    Counterparts; Facsimile Signatures.    This
Agreement may be executed in any number of counterparts, and each such counterpart hereof shall be deemed to be an original instrument, but all such counterparts together shall constitute but one
agreement. 

        Section 14.    Headings.    The headings of the various
sections of this Agreement have been inserted for convenience of reference only and shall not be deemed to be a part of this Agreement. 

        Section 15.    Governing Law.    This Agreement shall be
governed by and construed in accordance with the laws of the State of California applicable to contracts made and to be performed wholly therein. 

        IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights Agreement on the date first written above. 

	 	 	SUPERGEN, INC.
	

 	
 	

By:	

/s/  JOSEPH RUBINFELD      
 Name: Joseph Rubinfeld

Title: President/CEO
	 	 	 	 
	 	 	THE KRIEGSMAN GROUP
	

 	
 	

By:	

/s/  STEVEN A. KRIEGSMAN      
 Name: Steven A. Kriegsman

Title: President

8

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REGISTRATION RIGHTS AGREEMENT

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