Document:

Fifth Amendment to Master Disbursement Agreement

 EXHIBIT 10.2 
 FIFTH AMENDMENT 
 TO MASTER DISBURSEMENT AGREEMENT 
 THIS FIFTH AMENDMENT TO MASTER DISBURSEMENT AGREEMENT (this “Amendment”) is made and entered into as of April 9, 2007, by and among
WYNN LAS VEGAS, LLC, a Nevada limited liability company (the “Company”), DEUTSCHE BANK TRUST COMPANY AMERICAS, as the Bank Agent (the “Bank Agent”), and DEUTSCHE BANK TRUST COMPANY AMERICAS, as the Disbursement
Agent (the “Disbursement Agent”), with respect to the following: 
 Recitals 
 A. Disbursement Agreement. The undersigned are parties to that certain Master Disbursement Agreement, dated as of December 14, 2004 (as
amended by that certain First Amendment to Master Disbursement Agreement, dated as of April 26, 2005, that certain Second Amendment to Master Disbursement Agreement, dated as of June 29, 2005, that certain Third Amendment to Master
Disbursement Agreement, dated as of March 15, 2006, that certain Fourth Amendment to Master Disbursement Agreement, dated as of August 15, 2006, and as further amended, amended and restated, supplemented or otherwise modified from time to
time, the “Disbursement Agreement”), among the Company, the Bank Agent, U.S. Bank National Association, as the indenture trustee (the “Indenture Trustee”), and the Disbursement Agent. The defined terms used herein
and not otherwise defined herein shall have the meanings given in the Disbursement Agreement. 
 B. Right to Amend Disbursement Agreement
Without Consent of Indenture Trustee. The Bank Agent, the Disbursement Agent and the Company have the right to amend the Disbursement Agreement as set forth therein without the Indenture Trustee’s consent. 
 C. Amendment. The undersigned desire to amend the Disbursement Agreement to reflect certain agreements of the parties hereto, all as more
particularly set forth herein. 
 Agreement 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned
agree as follows: 
 1. AMENDMENTS. 
 a. Section 2.2.7 of the Disbursement Agreement is amended by deleting the words “, which release shall be effected as a dividend from the Completion Guarantor to the Company” from the seventeenth and
eighteenth lines thereof. 
  

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 b. Section 2.9.2 of the Disbursement Agreement is deleted in its entirety and
replaced with the words “[INTENTIONALLY OMITTED].” 
 c. Section 3.2.25 of the Disbursement Agreement is
amended by replacing the words “Three Hundred Million Dollars ($300,000,000) therein with the words “Five Hundred Million Dollars ($500,000,000).” 
 d. Section 4.4.5 of the Disbursement Agreement is deleted in its entirety and replaced with the words “[INTENTIONALLY
OMITTED].” 
 e. The definition of “Available Funds” set forth in Exhibit A of the Disbursement
Agreement is amended by inserting the following immediately prior to the period at the end of such definition: 
 ,
plus (x) the amount of any Senior Unsecured Debt (as defined in the Bank Credit Agreement) that could be incurred by the Company pursuant to Section 7.2(n) of the Bank Credit Agreement at such time. 
 2. FINAL COMPLETION OF THE PHASE I PROJECT. Notwithstanding anything to the contrary contained in the Disbursement Agreement, as of the effective
date of this Amendment, Final Completion of the Phase I Project and Phase I Final Completion shall be deemed to have been achieved and the Final Completion Date with respect to the Phase I Project shall be deemed to have occurred. 
 3. MISCELLANEOUS. Except as set forth in this Amendment, all other terms and provisions of the Disbursement Agreement remain unmodified and in
full force and effect. This Amendment shall be construed and enforced in accordance with the laws of the State of New York. In the event that any term or provision contained herein is held to be invalid, void or otherwise unenforceable by any court
of competent jurisdiction, the fact that such term or provision is invalid, void or otherwise unenforceable shall in no way affect the validity or enforceability of any other term or provision contained herein. This Amendment may be executed in any
number of identical counterparts. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

 2 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first written
above. 
  

							
	 COMPANY:

	
	 WYNN LAS VEGAS, LLC,
 a Nevada limited
liability company

		
	 By:
	 	 Wynn Resorts Holdings, LLC,
 a Nevada limited
liability company,
 its sole member

			
		 	By:	 	 Wynn Resorts, Limited,
 a Nevada corporation,

 its sole member

				
		 		 	By:	 	/s/ Marc Schorr
		 		 	Name:	 	 Marc Schorr

		 		 	Title:	 	Chief Operating Officer
		 		 		 	

  

			
	BANK AGENT:
	
	DEUTSCHE BANK TRUST COMPANY AMERICAS
		
	By:	 	 /s/ Mary Kay Coyle

	 Name:
	 	 Mary Kay Coyle

	 Title:
	 	 Managing Director

		
	By:	 	 /s/ Steven Lapham

	 Name:
	 	 Steven Lapham

	 Title:
	 	 Managing Director

 [Signature Page to Fifth Amendment to Disbursement Agreement] 

			
	DISBURSEMENT AGENT:
	
	DEUTSCHE BANK TRUST COMPANY AMERICAS
		
	By:	 	 /s/ Mary Kay Coyle

	 Name:
	 	 Mary Kay Coyle

	 Title:
	 	 Managing Director

		
	By:	 	 /s/ Steven Lapham

	 Name:
	 	 Steven Lapham

	 Title:
	 	 Managing Director

 [Signature Page to Fifth Amendment to Disbursement Agreement]Registrant's 2006 Equity Incentive Plan

 EXHIBIT 10.01 
 Grant No.                      
 VERISIGN, INC. 
 2006 EQUITY INCENTIVE PLAN 
 DIRECTORS NONQUALIFIED STOCK OPTION GRANT 
 This Stock Option Agreement (this “Agreement”) is made and entered into as of the Date of Grant set forth below (the “Date of Grant”) by and between VeriSign, Inc., a Delaware corporation (the
“Company”), and the Optionee named below (“Optionee”). Capitalized terms not defined herein shall have the meaning ascribed to them in the Company’s 2006 Equity Incentive Plan (the
“Plan”). 
  

					
	 Optionee:
	    	                                      
                                        
               	  	
			
	 Optionee’s Address:
	    	                                      
                                        
               	  	
			
	 Total Option Shares:
	    	                                      
                                        
               	  	
			
	 Exercise Price per Share:
	    	                                      
                                        
               	  	
			
	 Date of Grant:
	    	                                      
                                        
               	  	
			
	 Expiration Date:
	    	                                      
                                        
               	  	
		    	(unless earlier terminated under Section 3 hereof)	  	

 1. Grant of Option. The Company hereby grants to Optionee a nonqualified
stock option (this “Option”) to purchase up to the total number of shares of Common Stock of the Company set forth above as Total Option Shares (collectively, the “Shares”) at the Exercise Price Per
Share set forth above (the “Exercise Price”), subject to all of the terms and conditions of this Agreement and the Plan. 
 2. Vesting; Expiration Date. 
 2.1 Vesting of Option. This Option shall be exercisable as it
vests. Subject to the terms and conditions of the Plan and this Agreement, this Option shall vest and become exercisable as to portions of the Shares as follows: (a) on the Date of Grant shown above, this Option shall be exercisable as to Three
Thousand One Hundred Twenty-Five (3,125) of the Shares; and (b) provided that Optionee has continuously been a member of the Board since the Date of Grant, this Option shall become exercisable as to an additional 6.25% of the Shares on
each quarterly anniversary after the Date of Grant. This Option shall cease to vest upon Optionee no longer being a member of the Board. 

 VeriSign, Inc. 
 Directors Nonqualified Stock Option Agreement 
 2006 Equity Incentive Plan 
 2.2 Expiration. This Option shall expire on the Expiration Date set forth above and must be exercised, if at all, on or before the earlier of the
Expiration Date or the date on which this Option is earlier terminated in accordance with the provisions of Section 3 hereof. 
 3.
Termination of Option. 
 3.1 Termination for Any Reason Except Death, Disability.
If Optionee ceases to be a member of the Board for any reason except Optionee’s death or Disability then this Option, to the extent (and only to the extent) that it is vested in accordance with the schedule set forth in Section 2.1 hereof
on the termination date, may be exercised by Optionee no later than three (3) months after the termination date, but in any event no later than the Expiration Date. 
 3.2 Termination Because of Death or Disability. If Optionee ceases to be a member of the Board because of
death or Disability of Optionee (or the Optionee dies within three (3) months after ceasing to be a member of the Board), then this Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 hereof on
the termination date, may be exercised by Optionee (or Optionee’s legal representative or authorized assignee) no later than twelve (12) months after the termination date, but in any event no later than the Expiration Date. 
 4. Manner of Exercise. 
 4.1 Stock Option Exercise Agreement. To exercise this Option, Optionee (or in the case of exercise after Optionee’s death, Optionee’s executor, administrator, heir or legatee, as the
case may be) must deliver to the Company an executed stock option exercise agreement in the form attached hereto as Exhibit A, or in such other form as may be approved by the Company from time to time (the “Exercise
Agreement”), which shall set forth, inter alia, Optionee’s election to exercise this Option, the number of shares being purchased, any restrictions imposed on the Shares and any representations, warranties and agreements
regarding Optionee’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than Optionee exercises this Option, then such person must submit the Exercise
Agreement and documentation reasonably acceptable to the Company that such person has the right to exercise this Option. 
 4.2 Limitations on Exercise. This Option may not be exercised unless such exercise is in compliance with all applicable federal and state securities laws, as they are in effect on the date of exercise. 
 4.3 Payment. The Exercise Agreement shall be accompanied by full payment of the Exercise Price for the Shares being purchased in
cash (by check), or where permitted by law: 
 (a) by cancellation of indebtedness of the Company to the Optionee; 

 

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 VeriSign, Inc. 
 Directors Nonqualified Stock Option Agreement 
 2006 Equity Incentive Plan 
 (b) by surrender of shares of the Company’s Common Stock that either: (1) have been paid for within the meaning of SEC
Rule 144 (and, if such shares were purchased from the Company by use of a promissory note, such note has been fully paid with respect to such shares); or (2) were obtained by Optionee in the open public market; and in either event are clear of
all liens, claims, encumbrances or security interests; 
 (c) by waiver of compensation due or accrued to Optionee for
services rendered to the Company; 
 (d) provided that a public market for the Company’s Common Stock exists:
(1) through a “same day sale” commitment from Optionee and a broker-dealer that is a member of the National Association of Securities Dealers (an “NASD Dealer”) whereby Optionee irrevocably elects to exercise
this Option and to sell a portion of the Shares so purchased to pay for the Exercise Price and whereby the NASD Dealer irrevocably commits upon receipt of such Shares to forward the exercise price directly to the Company; or (2) through
a “margin” commitment from Optionee and an NASD Dealer whereby Optionee irrevocably elects to exercise this Option and to pledge the Shares so purchased to the NASD Dealer in a margin account as security for a loan from the NASD Dealer in
the amount of the Exercise Price, and whereby the NASD Dealer irrevocably commits upon receipt of such Shares to forward the Exercise Price directly to the Company; or 
 (e) by any combination of the foregoing. 
 4.4 Tax Withholding. Prior to the issuance of the Shares upon exercise of this Option, Optionee must pay or provide for any applicable federal or state withholding obligations of the Company. 

4.5 Issuance of Shares. Provided that the Exercise Agreement and payment are in form and substance satisfactory to
counsel for the Company, the Company shall issue the Shares registered in the name of Optionee, Optionee’s authorized assignee, or Optionee’s legal representative, and shall deliver certificates representing the Shares with the appropriate
legends affixed thereto. To enforce any restrictions on Optionee’s Shares, the Committee may require Optionee to deposit all certificates, together with stock powers or other instruments of transfer approved by the Committee appropriately
endorsed in blank, with the Company or an agent designated by the Company to hold in escrow until such restrictions have lapsed or terminated, and the Committee may cause a legend or legends referencing such restrictions to be placed on the
certificates. 
 5. Compliance with Laws and Regulations. The exercise of this Option and the issuance and
transfer of Shares shall be subject to compliance by the Company and Optionee with all applicable requirements of federal and state securities laws and with all applicable requirements of any stock exchange on which the Company’s Common Stock
may be listed at the time of such exercise, issuance or transfer. Optionee understands that the Company is under no obligation to register or qualify the Shares with the SEC, any state securities commission or any stock exchange to effect such
compliance. 
  

 3 

 VeriSign, Inc. 
 Directors Nonqualified Stock Option Agreement 
 2006 Equity Incentive Plan 
 6. Nontransferability of Option. This Option may not be transferred in any manner other than under the terms and conditions of
the Plan or by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

 7. Tax Consequences. Set forth below is a brief summary as of the date the Board adopted the Plan of some of the
federal tax consequences of exercise of this Option and disposition of the Shares. THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. THE COMPANY RECOMMENDS THAT OPTIONEE CONSULT A TAX ADVISOR BEFORE
EXERCISING THIS OPTION OR DISPOSING OF THE SHARES. 
 7.1 Exercise of Nonqualified Stock Option.
There may be a regular federal income tax liability upon the exercise of this Option. Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the fair market value of the
Shares on the date of exercise over the Exercise Price. The Company may be required to withhold from Optionee’s compensation or collect from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this
compensation income at the time of exercise. 
 7.2 Disposition of Shares. If the Shares are held for more
than twelve (12) months after the date of the transfer of the Shares pursuant to the exercise of an NQSO, any gain realized on disposition of the Shares will be treated as long-term capital gain. The Company may be required to withhold from
Optionee’s compensation or collect from the Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income. 
 8. Privileges of Stock Ownership. Optionee shall not have any of the rights of a stockholder with respect to any Shares until the Shares are issued to Optionee. 
 9. Interpretation. Any dispute regarding the interpretation of this Agreement shall be submitted by Optionee or the Company to the
Committee for review. The resolution of such a dispute by the Committee shall be final and binding on the Company and Optionee. 
 10.
Entire Agreement. The Plan is incorporated herein by reference. This Agreement and the Plan and the Exercise Agreement constitute the entire agreement and understanding of the parties hereto with respect to the subject matter hereof
and supersede all prior understandings and agreements with respect to such subject matter. 
 11. Notices. Any notice required
to be given or delivered to the Company under the terms of this Agreement shall be in writing and addressed to the Corporate Secretary of the Company at its principal corporate offices. Any notice required to be given or delivered to Optionee shall
be in writing and addressed to Optionee at the address indicated above or to such other address as such party may designate in writing from time to time to the Company. All 
  

 4 

 VeriSign, Inc. 
 Directors Nonqualified Stock Option Agreement 
 2006 Equity Incentive Plan 
 notices shall be deemed to have been given or delivered upon: personal delivery; three (3) days after deposit in the United States mail by certified or registered
mail (return receipt requested); one (1) business day after deposit with any return receipt express courier (prepaid); or one (1) business day after transmission by facsimile. 
 12. Successors and Assigns. The Company may assign any of its rights under this Agreement. This Agreement shall be binding upon
and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth herein, this Agreement shall be binding upon Optionee and Optionee’s heirs, executors, administrators, legal
representatives, successors and assigns. 
 13. Governing Law. This Agreement shall be governed by and construed in
accordance with the internal laws of the State of California, without regard to that body of law pertaining to choice of law or conflict of law. 
 14. Acceptance. Optionee hereby acknowledges receipt of a copy of the Plan and this Agreement. Optionee has read and understands the terms and provisions thereof, and accepts this Option subject to all the terms and conditions
of the Plan and this Agreement. Optionee acknowledges that there may be adverse tax consequences upon exercise of this Option or disposition of the Shares and that the Company has advised Optionee to consult a tax advisor prior to such exercise or
disposition. 
 [REMAINDER OF PAGE INTENTIONALLY BLANK, SIGNATURE PAGE FOLLOWS] 
  

 5 

 VeriSign, Inc. 
 Directors Nonqualified Stock Option Agreement 
 2006 Equity Incentive Plan 
 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed in duplicate by its duly authorized representative and Optionee has
executed this Agreement in duplicate as of the Date of Grant. 
  

			
	VERISIGN, INC.	  	OPTIONEE
		
	 By:
                                        
                                        
                                       
 
	  	                                      
                                        
                                        
     
		  	(Signature)
		
	                                      
                                        
                                        
           	  	                                      
                                        
                                        
     
	(Please print name)	  	(Please print name)
		
	                                      
                                        
                                        
           	  	
	(Please print title)	  	

  

 6 

 EXHIBIT A 
 STOCK OPTION EXERCISE AGREEMENT 
 Stock Option Exercise Agreement for Directors 
 

 
  

					
	Optionee Name	 	Address	 	Social Security Number
	 	 	 
	 	 	 	 	 

 OPTIONS EXERCISED 
  

													
	Plan	 	Grant #	 	Grant Date	 	 Grant Price
 Per Share (1)
	 	 # of Shares
 Exercised (2)
	 	 Total Option
 Price (3)
 (1) x (2) = (3)
	 	PAYMENT
METHOD AND
ISSUANCE
INSTRUCTIONS
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	
	 	 	 	 	 	 	 	 	 	 	 	 	
	 	 	 	 	 	 	 	 	 	 	 	 	
		 		 		 	 TOTAL
	 	 	 	 	 	

  

			
	 ̈ Cash
Exercise	 	 ̈ Cashless Exercise
	 	 
	 Attached is my check #
                     in the amount of
$                     to pay for the exercise of my stock options as listed above. Issue the certificate in my name and send it to:

 ̈ My home address above, or;
  ̈ E*Trade Account – Account #
                    
	 	  ̈ Stock Swap         # of Shares:
                                
 Cash Due (if applicable):
$                            

 REPRESENTATIONS 
  

			
	 	  	I do NOT have access to, nor am I aware of, any inside information regarding VeriSign, Inc. which could or has influenced my decision to purchase and/or sell this stock.
	Initials	  	

 I hereby agree to hold harmless VeriSign, Inc. regarding the reporting of income subject to the transfer/sale of
these shares. I am not relying on VeriSign or E*Trade for any tax advice. The undersigned holder of the stock option(s) described above irrevocably exercises such option(s) as set forth and herewith makes payment therefore, all at the price and on
the terms and conditions specified in the stock option agreement(s) pertaining to the option(s) exercised. 
 IMPORTANT NOTE: FOR CASH EXERCISES 

Send your form and attach your check (Payable to: VeriSign, Inc.) to VeriSign, Inc. Attn: Linda Hart, 487 E. Middlefield Rd; Mountain View, CA 94043. 
  

			
		
	                                      
                                        
                                        
                                        
                               	  	                                      
 

 Optionee
Signature                                       
                                        
                                        
                                        
                                        
                          Date 
  

					
	 	 	 
	 FOR COMPANY
 USE ONLY
	  	 Insider List
Verified:                                      
                                        
                                      
 Stock Administrator
	  	                                       
   
 Date

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