Document:

<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

                                                                   EXHIBIT 10.10

                 MASTER SOFTWARE LICENSE AGREEMENT (#ADAP001)

This MASTER SOFTWARE LICENSE AGREEMENT (this "Agreement"), number ADAP001, is
made, and is effective, as of December 4, 1999 ("Effective Date") by and between
HEWLETT-PACKARD COMPANY ("HP"), and ADAPTEC, INC. ("Licensor").

       1.     DEFINITIONS

              1.1    "PROGRAM" shall mean Licensor's software program(s) listed
and described in a SOW attached hereto, including all Bug Fixes and Enhancements
for such Programs delivered to HP on or after the Effective Date, and localized
versions available for such Programs.

              1.2    "ENHANCEMENTS" shall mean all (1) updates, modifications,
new features, new functionalities or upgrades of a Program made available by
Licensor for general public release without additional fees; (2) updates,
modifications, new features, new functionalities or upgrades of a Program made
by Licensor at the request of HP and pursuant to a SOW; and (3) updates,
modifications, new features, new functionalities or upgrades of a Program made
by Licensor and offered for license to HP and for which HP has purchased
licenses that permit bundling on HP Products. Enhancements shall not include New
Releases.

              1.3    "BUG FIXES" shall mean all error corrections or other
modifications of a Program which are necessary to make the Program conform to
the Specifications set forth in a SOW.

              1.4    "SPECIFICATIONS" shall mean the functional specifications
of a Program as described in a SOW.

              1.5    "GOLD BYTES" shall mean the master copy of a Program, in
object code form, and any additional software necessary to load such Program on
a HP Product, provided on the media described in a SOW.

              1.6    "DOCUMENTATION" shall mean the manuals (including technical
manual) and other standard documentation that Licensor makes available with a
Program, listed and described in a SOW.

              1.7    "COMPLETE COPY" of a Program shall include (i) Gold Bytes,
(ii) all Documentation and technical manuals for the Program in the form(s) and
on the media described in

                                      -1-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

a SOW, and (iii) any other documentation and information regarding the Program
which HP reasonably requests to accomplish evaluation and use of the Program as
contemplated in this Agreement.

              1.8    "PROGRAM PLUS" means additions to a Program, and any
changes to such Program required to make such additions function, licensed by
Licensor directly to end users.

              1.9    "HP PRODUCT" shall mean the HP products described in a SOW,
which may be amended by the parties from time to time to include new products.

              1.10   "NEW RELEASE" shall mean a major upgrade or successor
version of a Program for which Licensor charges a separate license fee, and
which is designated by Licensor as a new release.

              1.11   "PER COPY FEE" shall mean the amount set forth in a SOW
payable to Licensor by HP for the rights licensed herein.

              1.12   "STATEMENT OF WORK" ("SOW") shall mean a document in the
form attached as Exhibit B describing the Division Specifications, Support,
other requirements such as Enhancements requested by HP, and the respective
obligations of the parties with respect thereto, as may be agreed upon by the
parties from time to time during the term of this Agreement.

       2.     DELIVERY AND ACCEPTANCE

              2.1    DELIVERY. Licensor agrees to deliver to HP a Complete Copy
of the Program, no later than ten (10) days after the execution of this
Agreement or the applicable SOW, unless otherwise provided in such SOW.

              2.2    ACCEPTANCE. HP shall have [*] days from the date of
receipt of a Complete Copy of the Program to evaluate the Program for conformity
with the Specifications, and either accept, or reject the Program. HP shall be
entitled to test and evaluate any Program by whatever means it deems appropriate
consistent with Licensor's fights in the Program. Licensor hereby grants to HP
any licenses necessary for HP to perform its evaluation. Subject to the
foregoing evaluation license grant, HP has the right to use third party
subcontractors to achieve the foregoing; provided, however, that any such
subcontractors will be parties to written agreements with HP containing
obligations no less restrictive than those in this Agreement. If HP identifies a
failure of a Program to meet the Specifications Licensor agrees to correct the
identified defects and resubmit the Program for re-evaluation under the same
acceptance procedure. In the event HP rejects a Program, it shall give Licensor
written notice of rejection stating the reasons for its unacceptability. No
payment shall be payable to Licensor until the Program has been accepted by HP
in writing or HP fails to reject the Program within such [*] day period.

              2.3    ENHANCEMENTS. Licensor agrees to deliver to HP a
Complete Copy of any Enhancement within [*] days of its being released to
manufacturing by Licensor. HP shall have the right to test and evaluate the
Enhancement under the acceptance procedure described above.

                                      -2-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

       3.     RIGHTS GRANTED AND RESTRICTIONS

              3.1    LICENSE TO THE PROGRAM. Subject to the terms and
conditions set forth herein, Licensor hereby grants to HP, its subsidiaries,
divisions and affiliates a non-exclusive, worldwide license to use,
reproduce, display, and distribute the Program in object code format and as
bundled with a HP Product. Such license shall include the right of HP to
sublicense distributors, resellers, and other third parties to achieve the
foregoing. This license shall only permit HP to use, reproduce, display and
distribute the Programs as an indivisible and inseparable whole, and
therefore, unless expressly authorized in this license or an applicable SOW,
HP is not authorized to use, reproduce, display or distribute only a part of
a Program. All HP Products will be licensed to end users pursuant to the HP
Software License Terms, the current form of which is attached hereto as
EXHIBIT B.

              3.2    LICENSE TO THE DOCUMENTATION. Subject to the terms and
conditions set forth herein, Licensor hereby grants to HP, its subsidiaries,
divisions and affiliates a non-exclusive, worldwide license to use, reproduce,
display, translate, distribute and modify and prepare derivative works or
compilations of the Documentation and modifications and derivative works and
compilations based thereon for use with a Program. Such license shall include
the right of HP to sublicense distributors, resellers, and other third parties
to achieve the foregoing. The right to modify and prepare derivative works and
compilations is granted solely for the purposes of combining Documentation of
more than one program, condensing Documentation, and formatting and preparing
Documentation for user accessibility.

              3.3    LICENSE TO PHOTOGRAPH (MARKETING MATERIALS). Subject to the
terms and conditions set forth herein, Licensor hereby grants to HP, its
subsidiaries, divisions and affiliates a non exclusive, worldwide license to
photograph Program screen displays and packaging, the Documentation and the
CD-ROM, if any, and to use, reproduce, display and modify such photographs and
modifications thereto and images therefrom solely in connection with HP's
marketing of the Program. Such license shall include the right of HP to
sublicense distributors, resellers, and other third parties to achieve the
foregoing. This license is subject to HP's compliance with Licensor's marketing
and software-packaging guidelines (as provided by Licensor) and Section 3.6
("Trademarks") of this Agreement.

              3.4    RESTRICTIONS. HP shall not reverse engineer, disassemble,
or otherwise modify any Program without written authorization from Licensor.

              3.5    LOCALIZED VERSIONS. The licenses granted hereunder with
respect to a Program and associated Documentation shall include all localized
versions of such Program listed a SOW or made available by Licensor on or after
the Effective Date.

              3.6    TRADEMARKS. Neither party is granted any right or interest
to the trademarks, marks or trade names (collectively, "Marks") of the other
party. Neither party may use the other's Marks without the prior written consent
of the other party. Notwithstanding the foregoing, Licensor agrees that: (1) HP
may use Licensor's name and the name and/or trademark of a Program ("Licensor
Program Marks") in the course of marketing and distributing such Program in
accordance with the terms and conditions of this Agreement provided that such
use is in accordance with Licensor's trademark usage guidelines as modified from
time-to time and supplied to HP; (3) HP acknowledges that nothing in this
Agreement gives HP right, title, or interest in Licensor

                                      -3-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

Program Marks other than the right to use the Licensor Program Marks in
accordance with this Agreement; and (4) HP acknowledges that the use of
Licensor's Program Marks shall inure to the benefit of Licensor.

              3.7    OWNERSHIP. Subject to the rights and licenses granted to HP
hereunder, Licensor retains all right, title and interest in the Programs,
Documentation, Gold Byte, and any Bug Fixes, and New Releases, including all
copyrights thereto. HP agrees that it will not remove any copyright notices,
trademarks or tradenames of Licensor from the Programs or Documentation.

              3.8    COPYRIGHT NOTICES. Licensor and HP agree that mutually
acceptable copyright notices of Licensor shall be used for the Programs and any
localizations of the Programs.

       4.     PROGRAM MAINTENANCE AND SUPPORT

              4.1    MAINTENANCE AND SUPPORT.

                     4.1.1  Licensor agrees to provide HP maintenance and
support for the Programs as set forth in a SOW. Licensor agrees to maintain such
number of qualified personnel as is necessary to provide such timely and
knowledgeable maintenance and support service.

                     4.1.2  Notwithstanding any termination of this
Agreement, Licensor agrees to maintain and support the Programs distributed
by HP for at least [*] months after a Program is made available to HP for
distribution hereunder. The version of a Program immediately preceding [*] or
New Release shall be supported and maintained by Licensor for [*] months
after the [*] or New Release is made available to HP for distribution
hereunder.

              4.2    TECHNICAL ASSISTANCE AND TRAINING. Licensor agrees to
provide to HP the technical assistance and training to HP personnel as may be
reasonably requested for HP to use, copy and distribute the Program as
contemplated here, and as may be further described in a SOW.

              4.3    NEW HP PRODUCTS. The parties intend that during the term
of this Agreement Licensor may design product changes and new product
releases which are compatible with future releases and revisions of the HP
Products (to the extent the HP Products are [*] of the HP Products),
including new or revised versions of the operating systems to the extent such
operating systems are [*]) provided that such new HP Products have the
minimum system requirements necessary to support the Program. Upon request by
HP for a change or enhancement to the Program pursuant to section 4.4 below
Licensor agrees to provide a [*] to such request within [*] days (unless the
parties mutually agree otherwise).

              4.4    FUNCTIONALITY ENHANCEMENTS. HP may from time to time
request significant functionality enhancements to a Program. If Licensor, in its
sole and absolute discretion, agrees to develop any such enhancements, the
parties shall enter into a mutually agreeable written SOW setting forth the
terms and conditions of the development of such enhancements, which may provide
for additional payments by HP to Licensor. The fee for any such enhancements
shall be [*]. Prior to commencing work, Licensor will provide HP with a written
estimate of the total "not to exceed" fee

                                      -4-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

for the proposed enhancement and the final fee shall not exceed the estimate by
more than [*] unless mutually agreed to by HP and Licensor.

              4.5    HP PROPERTY. HP may provide HP property to Licensor for
purposes related to this Agreement under the terms of an HP Equipment Loan
Agreement in the form attached as Exhibit D to this Agreement.

       5.     PAYMENT

              5.1    ROYALTY. In consideration for the rights and licenses
granted to HP under this Agreement, HP agrees to pay Licensor a Per Copy Fee
royalty for each copy of a Program that HP distributes as bundled with an HP
Product, in the amount set forth in the applicable SOW. Such royalty shall
include the right to reproduce and distribute associated Documentation.

              5.2    ROYALTY PAYMENT. Per Copy Fees will accrue upon
distribution of any copy of a Program bundled with an HP Product. All accrued
Per Copy Fees will be paid by HP to Licensor within [*] days after the end of
each HP fiscal quarter, which ends on the last day of each January, April, July
and October. Payments will be accompanied by a report stating the number of
units shipped with the Program distributed in the relevant quarter, and the
calculation of the royalty payment.

              5.3    AUDIT. Upon fifteen (15) days prior written notice to HP,
Licensor may, at its own expense, appoint a nationally recognized independent
auditor, to whom HP has no reasonable objection, to audit and examine HP's
records of the royalty payments under Sections 5.2 of this Agreement, at HP's
offices during normal business hours, solely for the purpose of confirming the
accuracy of royalty payments hereunder. Such audit may be made no more often
than once every twelve calendar month period.

              5.4    [*] WARRANTY. Licensor warrants that as of the Effective
Date, the [*] set forth in the applicable SOW, is [*] than the [*] of, and
for the same extent of [*] the Program, which is licensed to such [*].
Licensor agrees to [*] to HP the [*] it has [*], provided that the [*]
arrangements meets the qualifications above, commencing on the effective date
Licensor grants such [*] to such [*].

              5.5    TAXES. Licensor shall be solely responsible for income
based taxes on amounts paid to Licensor by HP under this Agreement.

       6.     WARRANTY AND INDEMNIFICATION

              6.1    GENERAL WARRANTY. (1) Licensor warrants that, it owns all
rights to, or has licensed all or a portion of, each Program and accompanying
Documentation, and that such interests are free of any and all restrictions,
settlements, judgments or adverse claims; and (2) Licensor warrants it has full
power and authority to grant HP the rights granted in this Agreement.

              6.2    PROGRAM WARRANTY. Licensor warrants that each Program
referred to herein will operate in accordance with and substantially conform to
the Specifications, Documentation, manuals, and data sheets; and, promotional
literature, presentations, and any other written materials to the extend
actually relied upon by HP; concerning the Programs that are made publicly
available by Licensor or are provided by Licensor to HP.

              6.3    YEAR 2000 COMPLIANCE WARRANTY. Licensor warrants that the
Program will be "Year 2000 Compliant". Year 2000 Compliant products will perform
without error, loss of data, or

                                      -5-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

loss of functionality on account of any inability to process, calculate, compare
or sequence date data accurately from, into and between the years 1999 and 2000
and between the twentieth century and the twenty-first century. In addition,
Year 2000 Compliant products will not cause any associated HP Products or any
systems in which they may be used to fail in any of the ways described above
provided such HP Products or systems will properly send and receive necessary
data, and in a format compatible, with the Program. This Year 2000 Compliance
warranty will remain in effect through January 31, 2001, notwithstanding any
other warranty period specified in this Agreement.

              6.4    GENERAL INDEMNITY.

                     6.4.1  Licensor agrees to indemnify and hold HP harmless of
and from any and all third party loss, cost, claim, liability, suit, judgment or
expense, including reasonable attorneys' fees, arising out of any breach of its
warranties in this Section, provided that HP shall give Licensor prompt notice
of any such loss, cost, claim, liability, suit, judgment or expense, and shall
give Licensor the option to defend or settle such demands, claims or lawsuits,
and provided that HP shall reasonably cooperate with Licensor, at Licensor's
expense, in the defense of such demands, claims or lawsuits.

                     6.4.2  HP agrees to indemnify and hold Licensor harmless of
and from any and all third party loss, cost, claim, liability, suit, judgment or
expense, including reasonable attorneys' fees, arising out of any breach of its
warranties in this Section, provided that Licensor shall give HP prompt notice
of any such loss, cost, claim, liability, suit, judgment or expense, and shall
give HP the option to defend or settle such demands, claims or lawsuits, and
provided that Licensor shall reasonably cooperate with HP, at HP's expense, in
the defense of such demands, claims or lawsuits.

              6.5    INFRINGEMENT INDEMNITY.

                     Notwithstanding any other provision hereof, this Section
6.5 shall govern the parties' indemnity rights in the event of third party
intellectual property infringement claims asserted against a party or its
customers and provides the exclusive remedy in the event of such claims.

                     (a)    Insofar as any claim for infringement of any
third party's patent, copyright, trademark, trade name, other proprietary
right, or unauthorized trade secret use is brought against HP or its
customers, based solely on any Program or Documentation or any part thereof,
furnished by Licensor under this Agreement, Licensor will defend, or settle
at Licensor's option, any such claim. Licensor will have sole control of such
defense or settlement and Licensor will be relieved of the foregoing
obligations unless (1) Licensor is notified promptly in writing of such
claim, and (2) Licensor is given, by HP, authority, information and
reasonable assistance (at Licensor's expense) to handle the claim or the
defense of any such suit or proceeding. Licensor agrees to pay all damages
and costs awarded therein against HP and its customers arising out of any
such claims. Licensor shall not be responsible for any cost or expenses
incurred without Licensor's prior written consent. In case any Program or
Documentation or any part thereof in such suit is held to constitute an
infringement and its use is enjoined, Licensor shall, at its own expense and
at its option: (i) procure for HP and its customers the right to continue
use, or (ii) if applicable, replace the same with a non-infringing program
and documentation of equivalent function and performance, (iii) modify them
so they become non-infringing without detracting from function or
performance, or (iv) request that HP remove the Programs, whereupon Licensor
shall refund all royalties and other fees paid therefor by HP.
Notwithstanding the foregoing, Licensor shall have no responsibility for
claims arising from unauthorized modifications of a Program made by HP if
such claim would not have arisen but for such modifications.

                                      -6-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*]. A
complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

                     (b)    Insofar as any claim for infringement of any third
party's patent, copyright, trademark, trade name, or proprietary right, or
unauthorized trade secret use is brought again Licensor or its customers based
solely on any HP Product (excluding any of Licensor's Programs or Documentation)
or any part thereof, HP will defend, or settle at HP's option, any such claim.
HP will have sole control of such defense or settlement and HP will be relieved
of the foregoing obligations unless (1) HP is notified promptly in writing of
such claim, and (2) HP is given, by Licensor, authority, information and
reasonable assistance (at HP's expense) to handle the claim or the defense of
any such suit or proceeding. HP agrees to pay all damages and costs awarded
therein against Licensor and its customers arising out of any such claim. HP
shall not be responsible for any cost or expenses incurred without HP's prior
written consent.

                     (c)    Insofar as any claim for infringement of any
third party's patent, copyright, trademark, trade name, other proprietary
right, or unauthorized trade secret use is brought, other than third party
claims described in Section 6.5(a) or 6.5(b), above, including without
limitation any claim of infringement of third party intellectual property
rights arising from any combination of Licensor's Program or Documentation
with any HP Product, the parties shall meet and confer in an attempt to agree
on the appropriate allocation of responsibility for costs and awards or losses
arising from such third party claim. If the parties do not reach an agreement
within ninety (90) days of both parties' receipt of notice of such a claim,
or such other time as the parties may in writing agree, then the allocation
of liability for costs and expenses arising from third party claims described
in this Section 6.5(c) shall be determined by a court of competent
jurisdiction, applying the law of the State of California and each party
shall bear its proportionate share of such liability, if any, resulting from
such claim in accordance with California law and the determination of such
court.

              6.6    ENTIRE LIABILITY FOR INFRINGEMENT. THIS SECTION 6 STATES
THE ENTIRE LIABILITY OF LICENSOR AND HP WITH RESPECT TO ANY CLAIM OF
INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS. THE OBLIGATIONS SET FORTH IN THIS
SECTION 6 SHALL NOT BE LIMITED IN ANY WAY BY ANY OTHER PROVISIONS OF THIS
AGREEMENT, INCLUDING THE LIMITATION OF LIABILITY PROVISION IN SECTION 8 BELOW.

              6.7    WARRANTY DISCLAIMER. EXCEPT AS EXPRESSLY PROVIDED HEREIN,
NEITHER LICENSOR NOR HP MAKES ANY OTHER WARRANTIES, EITHER EXPRESS OR IMPLIED,
REGARDING THE PROGRAM, ITS MERCHANTABILITY OR ITS FITNESS FOR ANY PARTICULAR
PURPOSE.

              6.8    HP WARRANTIES. HP warrants that HP shall not use the
Programs in any way that violates this Agreement.

       7.     TERM AND TERMINATION

                                      -7-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

              7.1    TERM. Unless otherwise terminated earlier under this
Section 7, this Agreement shall commence as of the Effective Date, and shall
continue until October 2, 2001. This Agreement will renew automatically for
additional one (1) year periods unless written notice is given by one party
to the other as to its intention not to renew this Agreement at least sixty
(60) days prior to the end of the initial or any subsequent term. The term of
each SOW will be specified in the SOW. If this Agreement is terminated or
expires prior to the end of the term of a SOW, this Agreement will remain in
effect only with respect to such SOW until such SOW is terminated or expires.

              7.2    TERMINATION FOR BREACH. Either party may terminate this
Agreement, a SOW, or both, by written notice to the other party if the other
party breaches any material provision of this Agreement and such breach is not
cured within thirty (30) days after written notice thereof is received by the
breaching party. Any breach by either party of the Confidentiality provisions of
this Agreement shall be considered a breach that cannot be cured and may be the
basis for immediate termination of this Agreement by the other party.

              7.3    EFFECT OF TERMINATION. Notwithstanding any termination
of this Agreement or a SOW, all licenses granted to end users prior to the
date of termination for use of the Program shall survive. In the event of
termination by Licensor, HP may continue to license and distribute Programs
that have been incorporated into the final software build for the HP Products
by the effective date of termination, as necessary to support and maintain
the Programs, and as necessary to distribute remanufactured systems that
originally contained the Program so long as HP continues to pay Licensor the
applicable Per Copy Fees hereunder. If this Agreement is terminated by HP due
to breach by Licensor, HP may continue to license and distribute Programs as
provided hereunder until the expiration of the initial term of this Agreement
or the term of the applicable SOW, whichever is longer, as long as HP
continues to pay Licensor the applicable Per Copy Fees hereunder. Upon
termination by either party, HP must return to Licensor all Complete Copies
and shall either return to Licensor, or destroy all copies of A Programs not
incorporated into the final software build for the HP Product prior to the
effective date of termination, except for a reasonable number of copies of
the Program which may be retained for support and archival purposes.

              7.4    SURVIVAL. Notwithstanding any termination of this
Agreement, the following provisions of this Agreement shall survive: Sections 1,
4.1.2, 5, 6, 8, 9, and 10, and this Section 7.

       8.     LIMITED LIABILITY

              IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER FOR
CONSEQUENTIAL, INDIRECT OR SPECIAL DAMAGES ARISING FROM ANY CLAIM OR ACTION
HEREUNDER, BASED ON CONTRACT, TORT OR OTHER LEGAL THEORY. EXCEPT WITH RESPECT
TO LICENSOR'S LIABILITY UNDER SECTION 6 ABOVE, IN NO EVENT SHALL EITHER PARTY
BE LIABLE TO THE OTHER FOR DAMAGES FOR ANY CAUSE WHATSOEVER IN AN AMOUNT IN
EXCESS OF THE AMOUNTS PAYABLE TO LICENSOR UNDER THIS AGREEMENT.

       9.     CONFIDENTIAL INFORMATION

              9.1    THE PROGRAM. The Program in object code form and related
Documentation provided to HP hereunder are deemed non-confidential, and., HP is
not under any obligation to Licensor to restrict access to or use of such
Programs in object code form or related Documentation, provided HP complies with
the term of this Agreement.

                                      -8-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

              9.2    CONFIDENTIAL INFORMATION. During the term of this
Agreement, either party may receive or have access to technical information, as
well as information about product plans and strategies, promotions, customers
and related non-technical business information which the disclosing party
considers to be confidential ("Confidential Information"). In the event such
information is disclosed, the parties shall first agree to disclose and receive
such information in confidence. If then disclosed, the information shall be
labeled [HP or Licensor] Confidential, or if not marked (e.g. orally disclosed)
but treated as confidential at the time of disclosure shall be designated as
confidential in a written memorandum or mail sent to recipient prior to or
within thirty days of disclosure, summarizing the confidential information
sufficiently for identification. Such Confidential Information shall be used by
only those employees of the receiving party who have a need to know such
information for purposes related to this Agreement. Notwithstanding any
provision to the contrary, all source code provided by Licensor or HP to the
other, and all business information with respect to any unpublished Licensor or
HP products, are deemed Confidential Information for the purposes of this
Section 9.

              9.3    NONDISCLOSURE. The receiving party shall protect any
such Confidential Information of the disclosing party from unauthorized
disclosure to third parties with the same degree of care as the receiving
party uses for its own similar information for a period of [*] years from the
date of disclosure. The foregoing restriction shall not apply to any
information which (i) was in the public domain or publicly known at the time
it was communicated to the receiving party by the disclosing party; (ii)
entered the public domain or became publicly known after it was communicated
to the receiving party by the disclosing party through no fault of the
receiving party; (iii) was in the receiving party's possession free of any
obligation of confidence at the time it was communicated to the receiving
party by the disclosing party; or (vi) was developed by employees or agents
of the receiving party independently of and without reference to any
information communicated to the receiving party by the disclosing party. In
addition, Section 10 will not be construed to prohibit any disclosure that is
(a) necessary to establish the rights of either party under this Agreement or
(b) required by a valid court order or subpoena, provided in the latter case
that the party required to make such disclosure notifies the other party
(whose Confidential Information is to be disclosed) thereof promptly and in
writing and cooperates with the other party if the other party seeks to
contest or limit the scope of such disclosure.

       10.    OTHER PROVISIONS

              10.1   PUBLICITY. Each party agrees not to publicize or
disclose the existence or terms of this Agreement to any third party without
the prior written consent of the other except as required by law. In
particular, no press releases shall be made without the mutual written
consent of each party, which consents shall not be unreasonably withheld.

              10.2   RELATIONSHIP MANAGERS. Each party designates the person set
forth in EXHIBIT D as the primary contact of each party with respect to this
Agreement, which person may be redesignated a party by notice to the other.

              10.3   INDEPENDENT CONTRACTORS. The relationship of HP and
Licensor under this Agreement is that of independent contractors, and neither
party is an employee, agent, partner or joint venturer of the other.

              10.4   NOTICE. Unless otherwise stated, all notices required under
this Agreement shall be in writing and shall be considered given upon personal
delivery of the written notice or

                                      -9-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

within forty eight (48) hours after deposit in the U.S. Mail, certified or
registered, and appropriately addressed to the Account Manager as set forth in
EXHIBIT D hereto.

              10.5   GOVERNING LAW. This Agreement is made under and shall be
construed in accordance with the laws of the State of California, without
reference to conflict of laws principles.

              10.6   EXPORT CONTROL. Both parties agree to comply with all
applicable United States laws and regulations which may govern the export of
Program abroad, including the Export Administration Act of 1979, as amended, any
successor legislation, and the Export Administration Regulations issued by the
Department of Commerce.

              10.7   SEVERABILITY. The terms of this Agreement shall be
applicable severally to each Program, if more than one, and any dispute
affecting either party's rights or obligations as to one or more Program(s)
shall not affect the rights granted hereunder as to any other Program. If any
provision of this Agreement is held to be invalid or unenforceable by a court of
competent jurisdiction, then the remaining provisions will nevertheless remain
in full force and effect. The parties agree to negotiate in good faith a
substitute, valid and enforceable provision which most nearly effects the
parties' intent in entering into this Agreement.

              10.8   HEADINGS. The captions of Sections of this Agreement are
for reference only and are not to be construed in any way as terms.

              10.9   ASSIGNMENT. Neither this Agreement nor any part hereof may
be assigned by either party without the other party's prior written consent, and
any attempted assignment is void. Any merger, reorganization, transfer of
substantially all assets of a party, or other change in control or ownership
will be considered an assignment for the purposes of this Agreement, except that
no such consent will be required for Licensor to assign this Agreement, or
certain SOWs thereunder, or both, as part of a divestiture of all or
substantially all of the assets of Licensor's Software Products Group into a
publicly held company as announced on June 8, 2000.

              10.10  NO MINIMUM OBLIGATION. Nothing in this Agreement shall be
construed or interpreted as placing a "best efforts" standard upon HP with
respect to the use and distribution of the Program, or placing any minimum
obligation to pay Per Copy Fees.

              10.11  NON-RESTRICTIVE_RELATIONSHIP. Nothing in this Agreement
shall be construed to preclude HP from independently developing, acquiring or
marketing computer software packages which may perform the same or similar
functions as those software packages provided by Licensor. Nothing in this
Agreement shall be construed to preclude either party from independently
developing, acquiring or marketing products which may perform the same or
similar functions as the HP products.

              10.12  WAIVER. Neither party's failure to exercise any of its
rights hereunder shall constitute or be deemed a waiver or forfeiture of any
such rights.

              10.13  FORCE MAJEURE. Nonperformance of either party will be
excused to the extent that performance is rendered impossible by strike, fire,
flood, governmental acts or orders or restrictions or other similar reason where
failure to perform is beyond the control and not caused by

                                      -10-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

the negligence of the non-performing party, provided that the non-performing
party gives prompt notice of such conditions to the other party and makes all
reasonable efforts to perform. Non-performance resulting from earthquakes,
hurricanes and other similar storms, and other natural calamities shall be
deemed to be beyond the control and not caused by the negligence of a party
under this Section 10.13.

              10.14  EXHIBITS. Each Exhibit referred to in this Agreement is
incorporated in full in this Agreement. This Master Software License Agreement
may have multiple Exhibits/SOWs in place; each Exhibit/SOW will be managed by
the HP entity entering into it. Each Exhibit is separate and as such may be
terminated or amended without any impact on the remaining Exhibits.

              10.15  ENTIRE AGREEMENT. This document represents the entire
agreement between the parties as to the matters set forth and supersedes all
prior discussions or understandings between them, whether written or oral,
concerning the subject matter hereof `this Agreement may only be modified by a
writing signed by an authorized representative of each of Licensor and HP.

              10.16  COUNTERPARTS. This Agreement may be executed in
counterparts, each of which shall be deemed an original.

Agreed:                                   Agreed:

HEWLETT-PACKARD COMPANY                   LICENSOR

By:     /s/ Larry Wuerz                   By:     /s/ Tom Shea
        ----------------------------              ------------------------------

Name:   Larry Wuerz                       Name:   Tom Shea
        ----------------------------              ------------------------------

Title:  HPD MPG MGR                       Title:  VP & GM
        ----------------------------              ------------------------------

Date:   12/19/2000                        Date:   12/14/00
        ----------------------------              ------------------------------

Exhibits:

EXHIBIT A - Home Products Division Product ("SOW")
EXHIBIT B - HP Software License Terms
EXHIBIT C - Statement of Work ("SOW") Template
EXHIBIT D - Relationship Managers
EXHIBIT E - Equipment Loan Agreement
      APPENDIX I TO EXHIBIT E - Equipment Schedule
      APPENDIX II TO EXHIBIT E - HP Software License Terms
EXHIBIT F - Adaptec Privacy Statement

                                      -11-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

                                    EXHIBIT A
                            STATEMENT OF WORK #HPD-1
                            HP HOME PRODUCTS DIVISION

This Statement of Work is governed by the Master Software License Agreement (the
"Agreement"), number ADAP001, between Hewlett-Packard Company ("HP") and
Adaptec, Inc. ("Licensor") effective as of December 7, 1999, and is fully
incorporated therein. In the event of a conflict between the terms of the
Agreement and the provisions of this SOW, the SOW shall govern and control with
respect to the transactions contemplated by such SOW. All terms used in this
Statement of Work and not otherwise defined will have the same meaning as in the
Agreement.

1.     PURPOSE OF THIS SOW:

       This SOW sets forth the understanding of the objectives, deliverables,
       timing, staffing and fees for the bundling of Licensor's Program (as
       described below) on the HP Pavilion Desktop [*].

II.    RESOURCES ASSIGNED TO THIS SOW

       A.     HP'S PROJECT MANAGER

              HP's Project Manager will be the person authorized to act as the
              primary point of contact for HP and who will be responsible for
              HP's performance under this SOW.

              HP'S PROJECT MANAGER.                [*]
              PHONE NUMBER OF PROJECT MANAGER:     [*]
              ADDRESS OF PROJECT MANAGER:          10500 RIDGEVIEW COURT
                                                   CUPERTINO, CA 95014

       B.     LICENSOR'S PROJECT MANAGER

              Licensor's Project Manager will be the person authorized to act as
              the primary point of contact for Contractor and will be
              responsible for Contractor's performance under this SOW.

              LICENSOR'S PROJECT MANAGER:          [*]
              PHONE NUMBER OF PROJECT MANAGER:     [*]
              ADDRESS OF PROJECT MANAGER:          461 SOUTH MILPITAS BLVD.
                                                   MILPITAS, CA 95035

       C.     HP'S ESCALATION MANAGER

              HP's Escalation Manager will be the person authorized to
              negotiate, in good faith, with Licensor's Escalation Manager to
              properly resolve disputes as to the matters contained in this
              Statement of Work.

              HP'S ESCALATION MANAGER.             [*]

                                      -12-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

              PHONE NUMBER OF ESCALATION MANAGER:  [*]
              ADDRESS OF ESCALATION MANAGER:       10500 RIDGEVIEW COURT,
                                                   MS 49DUISM
                                                   CUPERTINO, CA 95014

       D.     LICENSOR'S ESCALATION MANAGER

              Licensor's Escalation Manager will be the person authorized to
              negotiate, in good faith, with HP's Escalation Manager to properly
              resolve disputes as to the matters contained in this Statement of
              Work.

              LICENSOR'S ESCALATION MANAGER:       [*]
              PHONE NUMBER OF ESCALATION MANAGER:  [*]
              ADDRESS OF ESCALATION MANAGER:       461 SOUTH MILPITAS BLVD.
                                                   MILPITAS, CA 95035

III.   PROGRAMS AND SERVICES TO BE DELIVERED BY LICENSOR UNDER THIS SOW

       3.1    OBJECTIVES: The Licensor will provide the Program described below.

       3.2    DELIVERABLES (LICENSOR'S "PROGRAM"):

              3.2.1  PROGRAM NAME: Easy CD Creator Standard Edition version 3.5x
              and its successor 4.x with DirectCD version 3.01

              3.2.2  SPECIFICATIONS: Easy CD Creator Standard Edition with
              DirectCD is a software solution for CD-Recording systems that runs
              on: Windows 95, Windows 98, NT 4, Windows 2000 and Windows
              Millennium. This product allows a user to make audio CDs, data
              CDs, CD labels and jewel case inserts, and to drag and drop files
              directly to CD using drive letter access. See attached technical
              specification.

              3.2.3  DOCUMENTATION: Quick Reference Guide, context sensitive
              Help

              3.2.4  TRADEMARK/TRADENAME/PRODUCT NAME AS THEY ARE TO APPEAR IN
              PROGRAM DOCUMENTATION: Adaptec, the Adaptec logo, Easy CD Creator
              and DirectCD are trademarks of Adaptec, Inc which may be
              registered in some jurisdictions. All other trademarks are owned
              by their respective owners.

              3.2.5  FORM AND MEDIA FOR PROGRAM AND DOCUMENTATION

                     (A)    PROGRAM FORM/MEDIA: The program will be provided on
                     CD.

                     (B)    DOCUMENTATION FORM/MEDIA: The documentation will be
                     provided on CD as PDF files and/or Framemaker files and/or
                     HTML files, per HP's request.

                                      -13-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

                     (C)    CD FACE ART AND FILE: Adaptec will provide written
                     guidelines for HP to create CD Face Art. Adaptec does not
                     provide graphic images for face art.

              3.2.6  LOCALIZED VERSIONS

                     3.2.6.1 REQUIRED: [*].

                     3.2.6.2 LOCALIZED VERSIONS CURRENTLY AVAILABLE: English,
                     French, Spanish, Dutch, Swedish, Chinese simplified,
                     Chinese traditional, Korean and Brazilian Portuguese.

              3.2.7  SUPPORT AND MAINTENANCE:

                     3.2.7.1 SUPPORT TO END USERS:

                     (1)    Free Support: Licensor's ASK On-Line system
                     [*]

                     (2)    Additional Licensor Technical Support Resources:

                     [*]

                     3.2.7.2 TECHNICAL SUPPORT TO: Licensor agrees to provide
                     technical support to HP for all regions in which HP sells
                     the program. Licensor agrees to maintain such number of
                     qualified personnel as is necessary to provide timely and
                     knowledgeable technical support services.

                     3.2.7.3 TRAINING. Licensor will provide such training to HP
                     personnel as may be reasonably requested in order for HP to
                     use, copy, distribute and support the Program as
                     contemplated herein, and will provide periodic technical
                     support information and updated training per HP's
                     reasonable request.

                     3.2.7.4 LICENSOR SUPPORT:

                     (1)    Telephone number for: [*]

                     (2)    Hours of operation: 9 AM - 5PM (PST)

                     (3)    Additional Licensor Technical Support Resources: N/A

                                      -14-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

              3.2.8  BUNDLING REQUIREMENTS: The Program will be bundled with
              [*] with [*] ("HP Product").

       3.3    HP RESPONSIBILITIES:

              -      HP will work with Licensor on all phases of the software
                     build, software qualification and bug identification.

              -      HP will Provide all necessary information to inform
                     Licensor of any current system configuration that would
                     help in identifying any system configuration issues.

              -      HP will provide access to our R&D staff engineer, (during
                     standard business hours) to communicate any known issues
                     and work with Licensor to create a fix.

              -      Upon request HP will provide Licensor with the most current
                     Hardware available for support of the Program.

       3.4    TIMING:
              GOLD BYTES DELIVERY DATE:
              SOFTWARE WAS QUALIFIED AND ACCEPTED FOR [*] AS VERSION 4.X ON: [*]

       3.5    GOLD BYTE DELIVERY DATES FOR [*]:
              SOFTWARE GOLD BYTE WAS QUALIFIED AND ACCEPTED AS VERSION 4.X ON:
              [*]

IV.    PAYMENT; EXPENSES; AND INVOICES

       4.1    PAYMENT

              4.1.1  PRICING: PER COPY FEES:
                     Licensor and HPD will work together to develop and
                     implement programs to generate increased revenue from
                     software upgrades. The pricing, for [*]:
                     -      Easy CD Creator 4.X with DirectCD 3.x - [*].
                     -      Easy CD Creator 4.X. with DirectCD 3.x - [*]
                            provided that in the event Easy CD Creator 5.LE
                            is not available by [*], Licensor agrees to
                            license the then shipping Program at the Easy CD
                            Creator 5.LE of [*].

                                      -15-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

V.     OTHER TERMS AND CONDITIONS THAT SHALL APPLY TO THIS SOW

       5.1    TERM AND TERMINATION

              This SOW will be effective commencing upon [*]. If all services
              and Deliverables described herein are not completed by the end
              date, HP may elect to extend this SOW by providing written notice
              to Licensor prior to the initial ending date or any subsequent
              ending date and upon Licensor's mutual agreement. The parties'
              rights to terminate this SOW and any renewals are as set forth in
              Section 7 of the Agreement.

VI.    END USER DATA

       6.1    Any and all identifying information regarding HP Pavilion Desktop
              PC End Users (including but not limited to personal names,
              addresses, telephone and social security numbers, or other
              identifying information) collected by Adaptec through their Web
              Site (the "HP End User Information") will be deemed to be
              Confidential Information of HP and subject to Section 9
              ("Confidential Information) hereof. Adaptec will have the limited
              and restricted right to use the HP End User Information solely in
              connection with registration of and provision of the Services to
              such end users and for future Services offered for marketing
              purposes consistent with promotion defined herein. For the purpose
              of this SOW, when a HP Pavilion Desktop PC End User elects to
              register their information to take advantage of any further
              Adaptec: products, services, or by electing to receive additional
              information, such person becomes an Adaptec Customer. Any
              information provided by such customer is subject solely to the
              Adaptec policies attached here to as Exhibit "F". Adaptec hereby
              agrees to indemnify and hold HP harmless of and from any and all
              claims, suits, judgments, or proceedings arising out of any claim
              that HP End User Information or Other End User Information has
              been collected, distributed, or otherwise used by Adaptec in a
              manner that violates the representations made to the customer in
              Adaptec's privacy policy concerning such information ("Adaptec
              Privacy Policy"). Such Adaptec: Privacy Policy is currently in the
              form attached hereto as Exhibit F. Adaptec may amend the Adaptec:
              Privacy Policy from time to time without notice to HP as long as
              the substantive protections in the terms of any amended Adaptec
              Privacy Policy are as protective of the information as the term of
              the Adaptec Privacy Policy as referenced hereto.

IN WITNESS WHEREOF, the parties to the above referenced Agreement between HP and
Licensor have caused this Statement of Work #HPD-1 to be executed by their
authorized representatives.

HEWLETT-PACKARD COMPANY                     LICENSOR:

BY:    /s/ Larry Wuerz                      BY:    /s/ Tom Shea
       ------------------------------              -----------------------------

NAME:  Larry Wuerz                          NAME:  Tom Shea
       ------------------------------              -----------------------------

TITLE: HPD MPG MGR                          TITLE: VP & GM
       ------------------------------              -----------------------------

DATE:  12/19/2000                           DATE:  12/14/00
       ------------------------------              -----------------------------

                                      -16-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

                                    EXHIBIT B

ATTENTION: USE OF THE SOFTWARE IS SUBJECT TO THE SOFTWARE LICENSE TERMS SET
FORTH BELOW. USING THE SOFTWARE INDICATES YOUR ACCEPTANCE OF THESE TERMS. IF YOU
DO NOT ACCEPT THESE TERMS, YOU MAY RETURN THE ENTIRE UNUSED PERSONAL COMPUTER
PRODUCT FOR A FULL REFUND.

SOFTWARE LICENSE TERMS

The following Terms govern your use of the Software.

LICENSE GRANT. Hewlett-Packard grants you a license to Use one copy of the
version of the Software preloaded on the hard drive of the Hewlett-Packard
computer and in the box containing the CD-ROMs bundled with the Hewlett-Packard
computer, on any one computer. "You" means the company, entity or individual
whose funds are used to pay the license fee. "Use" means storing, loading,
installing, executing or displaying the Software. You may not modify the
Software or disable any licensing or control features of the Software except as
an intended part of the Software's programming features.

OWNERSHIP. The Software is owned and copyrighted by Hewlett-Packard or its third
party suppliers. Your license confers no title or ownership in the Software and
should not be construed as a sale of any rights in the Software.
Hewlett-Packard's third party suppliers may protect their rights in the event of
any violation of these terms.

COPIES AND ADAPTATIONS. You may only make copies or adaptations of the Software
for archival purposes or when copying or adaptation is an essential step in the
authorized Use of the Software. You must reproduce all copyright notices in the
original Software on all authorized copies or adaptations. You may not copy the
Software onto any bulletin board or similar system.

NO DISASSEMBLY OR DECRYPTION. You may not disassemble, decompile or decrypt the
Software unless Hewlett-Packard's prior written consent is obtained. In some
jurisdictions, Hewlett-Packard's consent may not be required for disassembly or
decompilation. Upon request, you will provide Hewlett-Packard with reasonably
detailed information regarding any disassembly or decompilation.

TRANSFER. You may not rent or lease the Software, but you may transfer the
Software. Your license will automatically terminate upon any transfer of the
Software. Upon transfer, you must deliver the original and all complete, partial
or electronically stored copies of the Software and related documentation to the
transferee. The transferee must accept these Terms as a condition to the
transfer.

TERMINATION. Hewlett-Packard may terminate your license upon notice for failure
to comply with any of these Terms. Upon termination, you must immediately
destroy the Software, together with all copies, adaptations and merged portions
in any form.

                                      -17-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

EXPORT REQUIREMENTS. You may not export or re-export the Software or any copy or
adaptation in violation of any applicable laws or regulations.

U.S. GOVERNMENT RESTRICTED RIGHTS. The Software and documentation have been
developed entirely at private expense and are provided as "Commercial Computer
Software" or "restricted computer software". Use, duplication or disclosure by
the U.S. Government or a U.S. Government subcontractor is subject to the
restrictions set forth in subparagraph (c) (1) (ii) of the Rights in Technical
Data and Computer Software clauses in DFARS 252.227-7013 or as set forth in
subparagraph (c) (1) and (2) of the Commercial Computer Software - Restricted
Rights clauses at FAR 52.227-19, as applicable. The Contractor is
Hewlett-Packard Company, 3000 Hanover Street, Palo Alto, California 94304.

                                      -18-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

                                    EXHIBIT C
                           STATEMENT OF WORK TEMPLATE

                           STATEMENT OF WORK ("SOW") #

This Statement of Work is governed by the Master Software License Agreement (the
"Agreement"), number ADAP001, between Hewlett-Packard Company ("HP") and
Adaptec, Inc. ("Licensor") effective as of April 3, 2000, and is fully
incorporated therein. In the event of a conflict between the terms of the
Agreement and the provisions of this SOW, the SOW shall govern and control with
respect to the transactions contemplated by such SOW. All terms used in this
Statement of Work and not otherwise defined will have the same meaning as in the
Agreement.

I.     PURPOSE OF THIS SOW:

       This SOW sets forth the parties' understanding of the objectives,
       deliverables, timing, staffing and fees for [DESCRIBE SPECIFIC WORK]
       described below with HP's [NAME OF HP PRODUCT AND SPECIFIC OTHER
       IDENTIFIERS OF PRODUCT AS NECESSARY].

II.    RESOURCES ASSIGNED TO THIS SOW

       A.     HP'S PROJECT MANAGER

              HP's Project Manager will be the person authorized to act as the
              primary point of contact for HP and who will be responsible for
              HP's performance under this SOW.

              HP'S PROJECT MANAGER:
              PHONE NUMBER OF PROJECT MANAGER:
              ADDRESS OF PROJECT MANAGER:

       B.     LICENSOR'S PROJECT MANAGER

              Licensor's Project Manager will be the person authorized to act as
              the primary point of contact for Contractor and will be
              responsible for Contractor's performance under this SOW.

              LICENSOR'S PROJECT MANAGER:
              PHONE NUMBER OF PROJECT MANAGER:
              ADDRESS OF PROJECT MANAGER:

       C.     HP'S ESCALATION MANAGER (DELETE ITEM IF NOT NEEDED)

              HP's Escalation Manager will be the person authorized to
              negotiate, in good faith, with Licensor's Escalation Manager to
              properly resolve disputes as to the matters contained in this
              Statement of Work.

              HP'S ESCALATION MANAGER:

                                      -19-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

              PHONE NUMBER OF ESCALATION MANAGER:
              ADDRESS OF ESCALATION MANAGER:

       D.     LICENSOR'S ESCALATION MANAGER (DELETE ITEM IF NOT NEEDED)

              Licensor's Escalation Manager will be the person authorized to
              negotiate, in good faith, with HP's Escalation Manager to properly
              resolve disputes as to the matters contained in this Statement of
              Work.

              LICENSOR'S ESCALATION MANAGER:
              PHONE NUMBER OF ESCALATION MANAGER:
              ADDRESS OF ESCALATION MANAGER:

       E.     EMPLOYEES LICENSOR ASSIGNS TO COMPLETE SERVICES AND DELIVERABLES
              UNDER THIS SOW

              Employees of Licensor assigned to provide services and
              deliverable's under this SOW are as follows:

<TABLE>
              -------------------------------------------------------------------------------------
              <S>                                          <C>
              Resource                                      Role
              -------------------------------------------------------------------------------------

              -------------------------------------------------------------------------------------

              -------------------------------------------------------------------------------------

              -------------------------------------------------------------------------------------

              -------------------------------------------------------------------------------------

              -------------------------------------------------------------------------------------
</TABLE>

III.   PROGRAMS AND SERVICES TO BE DELIVERED BY LICENSOR UNDER THIS SOW

3.1    OBJECTIVES:
       (STATE HIGH-LEVEL PROJECT OBJECTIVES.)
       The Licensor will support these efforts as presented below.

3.2    DELIVERABLES:
       (CLEARLY DEFINE DELIVERABLES AND PROVIDE EXCEPTION CRITERIA FOR EACH
       DELIVERABLE. THIS AREA OF THE SOW WILL PROVIDE THE MOST PROTECTION WHEN
       YOU PROVIDE A CLEAR MAP OF CRITICAL PROJECT REQUIREMENTS AND MAP THEM TO
       PROJECT MILESTONES. BE SURE TO INCLUDE AT A MINIMUM THE PROGRAM NAME,
       SPECIFICATIONS (THESE SHOULD BE DETAILED TECHNICAL SPECIFICATIONS),
       DESCRIPTION OF DOCUMENTATION, FORM AND MEDIA FOR DELIVERY OF PROGRAM

                                      -20-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

       AND DOCUMENTATION, LOCALIZED VERSIONS REQUIRED, SUPPORT AND MAINTENANCE,
       TRAINING, BUNDLING REQUIREMENTS).

3.3    HP RESPONSIBILITIES:

3.4    TIMING:
       (STATE THE PERIOD OF TIME, OR ESTIMATE OF THE TIMELINE THAT THE
       PROJECT/DELIVERABLES WILL REQUIRE FOR COMPLETION, DELIVERY AND
       ACCEPTANCE. USE THIS SECTION TO STATE THE DEADLINES FOR THE PROJECT.)

IV.    PAYMENT; EXPENSES; AND INVOICES

       4.1    PAYMENT
              (THIS SECTION OF THE SOW IS DESIGNED TO PROVIDE A BREAKDOWN OF
              PROJECT COSTS. PROJECT NOT TO EXCEED FIGURE SHOULD BE BROKEN DOWN
              AND MAPPED TO A SPECIFIC DELIVERABLE. NOTE: HP'S CORPORATE
              GUIDELINES FOR PAYMENT TERMS ARE [*], THIS SHOULD ONLY BE
              REDUCED WHEN THERE IS A BENEFIT TO HP TO DO SO.)

              Payment shall be made subject to the terms and conditions of
              the Agreement.

       4.2    EXPENSES
              (THIS SECTION OF THE SOW ALLOWS YOU TO DEFINE ANY ADDITIONAL
              PROJECT EXPENSES, I.E. IS THERE A NEED TO PROCURE HARDWARE UP
              FRONT? WILL THERE BE ANY TRAVEL REQUIRED DURING THE ENGAGEMENT? IF
              SO, HP POLICY IS TO PAY FOR COACH AIRFARE, AND ALL TRAVEL SHOULD
              BE PRE-APPROVED.)

              Expenses shall be paid subject to the terms and conditions of the
              Agreement.

       4.3    INVOICES

              (ALL CHECKS ARE PROCESSED FROM THE FSC IN COLORADO SPRINGS. IF
              YOU HAVE ALREADY RECEIVED ANY INVOICES FOR WORK PERFORMED
              BEFORE THIS AGREEMENT IS IN PLACE YOUR SHOULD DO A EDV CONTACT
              THE ACCOUNTING SERVICE CENTER FOR INFORMATION ON THIS PROCESS.)

V.     OTHER TERMS AND CONDITIONS THAT SHALL APPLY TO THIS SOW

       5.1    TERM AND TERMINATION

              This SOW will be effective commencing upon INSERT START DATE and
              ending INSERT END DATE. If all services and Deliverables described
              herein are not completed by the end date, HP may elect to extend
              this SOW by providing written notice to Licensor prior to the
              initial ending date or any subsequent ending dates. The parties'
              rights to terminate this SOW and any renewals are as set forth in
              Section 7 of the Agreement.

       6.1    TERMS RELATING TO NETWORK OR INTERNET CONNECTIVITY PROVIDED
              THROUGH THE PROGRAM.

              [ ]

                                      -21-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

IN WITNESS WHEREOF, the parties to the above referenced Agreement have caused
this Statement of Work [insert #j to be executed by their authorized
representatives.

HEWLETT-PACKARD                              LICENSOR:
COMPANY

By:___________________________________       By:________________________________

Name:_________________________________       Name:______________________________

Title:________________________________       Title:_____________________________

Date:_________________________________       Date:______________________________

                                      -22-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

                                    EXHIBIT D

                          RELATIONSHIP/ACCOUNT MANAGERS

HP:

[*]
[*]
[*]
Hewlett-Packard Company
10500 Ridgeview Court, M/S 49DU-SM
Cupertino, CA 95010-4010

  Tel: [*]
  Fax: [*]

  LICENSOR:

  [*]
  [*]
  [*]
  Adaptec, Inc.
  461 South Milpitas Blvd.
  Milpitas, CA 95035

  Tel: [*]
  Fax: [*]

  Royalties Pay To:   Revenue Accounting
  Pay to Name:        Adaptec Inc.
  Address:            461 South Milpitas Blvd.
                      Milpitas, CA 95035
  Telephone:          (408) 957-6839

                                      -23-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

                                    EXHIBIT E

                            EQUIPMENT LOAN AGREEMENT

THIS EQUIPMENT LOAN AGREEMENT, NO.___________ (the "Agreement") is entered into
between HEWLETT-PACKARD COMPANY, a Delaware corporation ("HP"), and ADAPTEC
INC., a Delaware company located at 691 South Milpitas Boulevard, Milpitas, CA
95035 ("Recipient"). This Agreement is effective as of August 1, 1999 (the
"Effective Date").

1.     LOAN OF EQUIPMENT. HP hereby loans to Recipient, for the applicable Term
       defined below, the HP-owned equipment (collectively, "HP Equipment"),
       which may consist of hardware, software and documentation described in
       the HP Equipment Schedule attached as APPENDIX I TO THIS EXHIBIT E. HP
       may, from time to time, add, upgrade, or remove HP Equipment from
       Recipient's site during the Term. All HP Equipment received by Recipient
       during the Term will be described in an amended HP Equipment Schedule
       signed by Recipient and appended to this Equipment Loan Agreement.
       Recipient agrees, by its receipt of HP Equipment, that all HP Equipment
       is subject to the provisions of this Agreement.

2.     TERM. This Agreement will begin as of the Effective Date and run for a
       term of 24 months (the "Term"), unless earlier terminated by HP or
       Recipient upon thirty (30) days written notice to the other. HP may in
       writing extend the Term, or establish a separate Term with respect to
       particular items of HP Equipment.

3.     USE. Recipient may use the HP Equipment solely for the purpose of
       developing and testing the Programs (as such term is defined in the
       Master Software License Agreement effective as of between HP and
       Adaptec). Recipient may not move any HP Equipment from the location
       specified in the HP Equipment Schedule without the prior written consent
       of HP. Recipient's right to use the HP Equipment is non-transferable.

4.     SOFTWARE AND DOCUMENTATION. All software provided with the HP Equipment
       is hereby licensed to Recipient under HP's Software License Terms
       attached as APPENDIX H TO THIS EXHIBIT E. If Recipient requires a
       license to use any software other than as stated in the Software License
       Terms, that license must be specified in the HP Equipment Schedule. Any
       documentation listed in the HP Equipment Schedule is licensed to
       Recipient for its use solely for the purposes stated in Section 3 above.
       If Recipient wishes to make copies of any documentation, it must first
       obtain HP's prior written consent.

5.     OWNERSHIP. HP retains all right, title and ownership to the HP Equipment,
       unless any such HP Equipment is purchased by Recipient. Recipient hereby
       nominates and appoints HP as its attorney-in-fact for the sole purpose of
       executing and filing, on Recipient's behalf, UCC-1 financing statements
       (and any appropriate amendments thereto) or a suitable substitute
       document (including this Agreement) under the provisions of the Uniform
       Commercial Code for the HP Equipment loaned to Recipient hereunder. If
       requested by HP, Recipient will affix any label or marking supplied by HP
       evidencing HP's ownership of the HP Equipment. HP may, from time to time,
       inspect the HP Equipment. Recipient may not sell, transfer, assign,
       pledge, or in any way encumber or convey the HP Equipment or any portion
       or component of such equipment.

                                      -24-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

6.     WARRANTY DISCLAIMER. ALL HP EQUIPMENT IS PROVIDED "AS IS", WITHOUT
       WARRANTY OF ANY KIND, WRITTEN OR ORAL, EXPRESS OR IMPLIED, INCLUDING BUT
       NOT LIMITED TO ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A
       PARTICULAR PURPOSE. Recipient understands that some newly manufactured HP
       Equipment may contain remanufactured parts equivalent to new in
       performance.

7.     INDEMNIFICATION. Recipient hereby agrees to defend, indemnify and hold HP
       harmless from any claims or suits against HP arising from Recipient's use
       of the HP Equipment, including use by its employees, agents or
       subcontractor. Recipient will pay all costs, damages, losses and expenses
       (including reasonable attorneys' fees) incurred by HP and will pay any
       award with respect to any such claim or agreed to in any settlement.

8.     MAINTENANCE. During the Term, Recipient will maintain all HP Equipment in
       good operating order and condition. All maintenance must be provided by
       personnel authorized by HP. HP will provide standard installation,
       support and maintenance for the HP Equipment at HP's standard rates to
       Recipient during the Term; however, all maintenance costs and expenses
       due to Recipient's negligence will be borne by Recipient. Recipient will
       be responsible for providing HP personnel ready and safe access to the HP
       Equipment for such maintenance and support.

9.     RISK OF LOSS. Recipient will bear all risk of loss with respect to the HP
       Equipment from receipt until such HP Equipment is returned to HP. All HP
       Equipment returned to HP must include the same components as received by
       Recipient, and must be in good operating order and condition. Charges may
       be imposed by HP if Recipient fails to return the HP Equipment in such
       condition or within the return timeframe set forth herein.

10.    SHIPPING COSTS. Unless otherwise agreed in writing by HP, Recipient will
       be responsible for and pay all delivery, freight and rigging charges, all
       taxes and duties, and all other shipping costs and expenses with respect
       to the delivery or return of any HP Equipment hereunder.

11.    LIMITATION OF LIABILITY. HP WILL NOT BE LIABLE FOR ANY DIRECT, INDIRECT,
       SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, WHETHER BASED ON CONTRACT,
       TORT, OR ANY OTHER LEGAL THEORY, ARISING OUT OF THIS EQUIPMENT LOAN
       AGREEMENT OR RECIPIENT'S USE OF THE HP EQUIPMENT.

12.    TERMINATION. Upon expiration or earlier termination of the Term,
       Recipient will return to HP all HP Equipment within 10 business days. HP
       may permit Recipient to purchase certain items of the HP Equipment upon
       termination under the purchase terms set forth below. In the event that
       Recipient is permitted to purchase any of the HP Equipment and fails to
       return that Equipment to HP upon expiration of the Term within such
       10-day period, Recipient will be deemed to have elected to purchase the
       HP Equipment, and HP will invoice Recipient accordingly.

13.    PURCHASE OPTION. If HP permits Recipient to purchase any of the HP
       Equipment, Recipient may elect to purchase those items of the HP
       Equipment under HP's then current standard terms and conditions, provided
       that such HP Equipment may not be purchased solely for resale. Upon
       purchase, such HP Equipment will be provided with HP's then current
       standard warranty provisions for used equipment. The purchase price for
       HP Equipment purchased under this Section will be a price mutually agreed
       upon by the parties. No promotional or purchase discounts will apply.
       Such purchase will not qualify for any stock rotation or price protection
       under any other agreement which Recipient may have with HP.

                                      -25-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

14.    GENERAL PROVISIONS.

       (a)    NOTICES. All notices to be given under this Agreement must be in
              writing and addressed to the location specified in the Master
              Agreement or as designated in the opening paragraph of this
              Agreement if there is no Master Agreement. Notices are validly
              given upon the earlier of confirmed receipt by the receiving party
              or three days after dispatch by courier or certified mail, postage
              prepaid, properly addressed to the receiving party. Notices may
              also be delivered by telefax and will be validly given upon oral
              or written confirmation of receipt. Either party may change its
              address for purposes of notice by giving notice to the other party
              in accordance with these provisions.

       (b)    NO ASSIGNMENT. Neither this Agreement nor any right, privilege,
              license or obligation set forth herein may be assigned,
              transferred or shared by Recipient without HP's prior written
              consent, and any such attempted assignment or transfer is void.
              Any merger, consolidation, reorganization, transfer of
              substantially all assets of Recipient or other change in control
              or ownership of Recipient will be considered an assignment for the
              purposes of this Agreement.

       (c)    ENTIRE AGREEMENT. This Agreement and the attached Exhibits
              comprise the entire understanding between the parties with respect
              to its subject matter and supersede any previous communications,
              representations, or agreements, whether oral or written. No
              modification of this Agreement will be binding on either party
              unless in writing and signed by an authorized representative of
              each party.

       (d)    GOVERNING LAW. This Agreement will be governed in all respects by
              the laws of California without reference to any choice of laws
              provisions, as though this Agreement were entered into by
              residents of that State to be wholly performed within that State.
              The parties hereby waive any application of the United Nations
              Convention on Contracts for the International Sale of Goods (as
              promulgated in 1980 and any successor or subsequent conventions)
              with respect to the performance or interpretation of this
              Agreement.

APPROVED AND AGREED:

RECIPIENT: ADAPTEC, INC.                  HEWLETT-PACKARD COMPANY

By:                                       By:

Print Name:                               Print Name:

Title:                                    Title:

Date:                                     Date:

                                      -26-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

                                  APPENDIX I TO
                      EXHIBIT E (EQUIPMENT LOAN AGREEMENT)

                           (insert) EQUIPMENT SCHEDULE

                                      -27-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

                                 APPENDIX II TO
                      EXHIBIT E (EQUIPMENT LOAN AGREEMENT)
                            HP SOFTWARE LICENSE TERMS

ATTENTION: USE OF THE SOFTWARE IS SUBJECT TO THE HP SOFTWARE LICENSE TERMS SET
FORTH BELOW. USING THE SOFTWARE INDICATES YOUR ACCEPTANCE OF THESE LICENSE
TERMS. IF YOU DO NOT ACCEPT THESE LICENSE TERMS, YOU MAY RETURN THE SOFTWARE FOR
A FULL REFUND. IF THE SOFTWARE IS BUNDLED WITH ANOTHER PRODUCT, YOU MAY RETURN
THE ENTIRE UNUSED PRODUCT FOR A FULL REFUND.

HP SOFTWARE LICENSE TERMS

The following License Terms govern your use of the accompanying Software unless
you have a separate written agreement with HP.

LICENSE GRANT. HP grants you a license to Use one copy of the Software. "Use"
means storing, loading, installing, executing or displaying the Software. You
may not modify the Software or disable any licensing or control features of the
Software. If the Software is licensed for "concurrent use", you may not allow
more than the maximum number of authorized users to Use the Software
concurrently.

OWNERSHIP. The Software is owned and copyrighted by HP or its third party
suppliers. Your license confers no title or ownership and is not a sale of any
rights in the Software, its documentation or the media on which they are
recorded or printed. Third party suppliers may protect their rights in the
Software in the event of any infringement.

COPIES AND ADAPTATIONS. You may only make copies or adaptations of the Software
for archival purposes or when copying or adaptation is an essential step in the
authorized Use of the Software on a backup product, provided that copies and
adaptations are used in no other manner and provided further that Use on the
backup product is discontinued when the original or replacement product becomes
operable. You must reproduce all copyright notices in the original Software on
all copies or adaptations. You may not copy the Software onto any public or
distributed network.

NO DISASSEMBLY OR DECRYPTION. You may not disassemble or decompile the Software
without HP's prior written consent. Where you have other rights under statute,
you will provide HP with reasonably detailed information regarding any intended
disassembly or decompilation. You may not decrypt the Software unless necessary
for the legitimate use of the Software.

TRANSFER. Your license will automatically terminate upon any transfer of the
Software. Upon transfer, you must deliver the Software, including any copies and
related documentation, to the transferee. The transferee must accept these
License Terms as a condition to the transfer.

TERMINATION. HP may terminate your license upon notice for failure to comply
with any of these License Terms. Upon termination, you must immediately destroy
the Software, together with all copies, adaptations and merged portions in any
form.

EXPORT REQUIREMENTS. You may not export or re-export the Software or any copy or
adaptation in violation of any applicable laws or regulations.

U.S. GOVERNMENT RESTRICTED RIGHTS. The Software and any accompanying
documentation have been developed entirely at private expense. They are
delivered and licensed as "commercial computer software" as defined in DFARS
252.227-7013 (Oct 1988), DFARS 252.211-7015 (May 1991) or DFARS 252.227-7014
(Jun 1995), as a "commercial item" as defined in FAR 2.101(a), or as "Restricted
computer software" as defined in FAR 52.227-19 (Jun 1987)(or any equivalent
agency regulation or contract clause), whichever is applicable. You have only
those rights provided for such Software and any accompanying documentation by
the applicable FAR or DFARS clause or the HP standard software agreement for the
product involved.

                                      -28-
<PAGE>

Confidential treatment has been requested with respect to the omitted
portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as [*].
A complete version of this exhibit has been filed separately with the
Securities and Exchange Commission.

                                    EXHIBIT F
                           ADAPTEC'S PRIVACY STATEMENT

                                      -29-<PAGE>

                                                                 EXHIBIT 10.01

                               SIXTH AMENDMENT TO
                                CREDIT AGREEMENT

                           Dated as of March 30, 2001

                         (amending the Credit Agreement,
                                   dated as of
                               February 26, 1998)

                                     between

                              ALADDIN GAMING, LLC,
                                as the Borrower,

                                       and

                         THE BANK OF NOVA SCOTIA,
         as the Administrative Agent for Various Financial Institutions.

================================================================================

<PAGE>

                       SIXTH AMENDMENT TO CREDIT AGREEMENT

     THIS SIXTH AMENDMENT TO CREDIT AGREEMENT (this "SIXTH AMENDMENT TO CREDIT
AGREEMENT") is dated as of March 30, 2001, by and between ALADDIN GAMING, LLC, a
Nevada limited-liability company (the "BORROWER") and THE BANK OF NOVA SCOTIA,
as administrative agent (together with any successor thereto in such capacity,
the "ADMINISTRATIVE AGENT") for the various financial institutions as are or may
become parties hereto (collectively, the "LENDERS").

     In consideration of the mutual agreements herein contained and other good
and valuable consideration, receipt of which is hereby acknowledged, the parties
hereto, intending to be legally bound, agree as follows:

                              W I T N E S S E T H:
                              - - - - - - - - - -

     WHEREAS, the Borrower, the Lenders, the Administrative Agent, Merrill Lynch
Capital Corporation, as the syndication agent for the Lenders, and CIBC
Oppenheimer Corp., as the documentation agent for the Lenders, have heretofore
entered into (u) that certain Credit Agreement (the "CA") dated as of February
26, 1998, (v) that certain First Amendment to Credit Agreement (the "FIRST
AMENDMENT TO CREDIT AGREEMENT") dated as of January 29, 1999, (w) that certain
Second Amendment to Credit Agreement (the "SECOND AMENDMENT TO CREDIT
AGREEMENT") dated as of April 5, 1999, effective as of March 10, 1999, (x) that
certain Third Amendment to Credit Agreement (the "THIRD AMENDMENT TO CREDIT
AGREEMENT") dated as of June 2, 2000, (y) that certain Fourth Amendment to
Credit Agreement (the "FOURTH AMENDMENT TO CREDIT AGREEMENT") dated as of July
27, 2000 and (z) that certain Fifth Amendment to Credit Agreement (the "FIFTH
AMENDMENT TO CREDIT AGREEMENT") dated as of December 29, 2000 (the CA, as
amended by the First Amendment to Credit Agreement, the Second Amendment to
Credit Agreement, the Third Amendment to Credit Agreement, the Fourth Amendment
to Credit Agreement and the Fifth Amendment to Credit Agreement shall be
referred to herein as the "CREDIT AGREEMENT"); and

     WHEREAS, the Borrower has requested the Lenders to acknowledge certain
waivers under the Credit Agreement and enter into certain amendments of the
Credit Agreement; and

     WHEREAS, each of the parties hereto is willing, on the terms and subject to
the conditions hereinafter set forth, to so amend the Credit Agreement and grant
the waivers, but only upon the terms and conditions set forth below.

                                       1

<PAGE>

     NOW, THEREFORE, in consideration of the agreements contained herein, the
parties hereto agree as follows:

                                    ARTICLE I

                                   DEFINITIONS

     SECTION 1.1. CERTAIN DEFINED TERMS. The following terms (whether or not
italicized) when used in this Sixth Amendment to Credit Agreement and the Credit
Agreement, as amended by this Sixth Amendment to Credit Agreement, including all
preamble and recitals, shall, except where the context otherwise requires, have
the following meanings:

     "CONSENTING LENDER" is defined in SECTION 5.2.

     "CONVERSION DATE" means August 18, 2000.

     "EFFECTIVE DATE" is defined in SECTION 5.1.

     "FIFTH AMENDMENT TO CREDIT AGREEMENT" is defined in the FIRST RECITAL.

     "FIRST AMENDMENT TO CREDIT AGREEMENT" is defined in the FIRST RECITAL.

     "FIRST AMENDMENT TO KEEP-WELL AGREEMENT" is defined in CLAUSE (a) of
SECTION 5.1.

     "FOURTH AMENDMENT TO CREDIT AGREEMENT" is defined in the FIRST RECITAL.

     "OPENING DATE" means August 18, 2000.

     "POST-CONVERSION FISCAL QUARTERS" shall mean the Fiscal Quarters ended or
ending December 31, 2000, March 31, 2001 and June 30, 2001.

     "SECOND AMENDMENT TO CREDIT AGREEMENT" is defined in the FIRST RECITAL.

     "SIXTH AMENDMENT FEE" is defined in SECTION 5.2.

     "SIXTH AMENDMENT TO CREDIT AGREEMENT" is defined in the PREAMBLE.

     "THIRD AMENDMENT TO CREDIT AGREEMENT" is defined in the FIRST RECITAL.

     "WORKING CAPITAL FACILITY" means a credit facility pursuant to any
agreement or agreements for the making of loans and advances on a revolving
basis, the issuance of letters of credit and/or the creation of bankers'
acceptances to fund the Company's general corporate

                                       2

<PAGE>

requirements and any amendment, supplement, extension, modification, renewal,
replacement or refinancing from time to time, including any agreement to renew,
extend, refinance, or replace all or any portion of such facility.

     SECTION 1.2. OTHER DEFINED TERMS; CONSTRUCTION. For purposes of this Sixth
Amendment to Credit Agreement, capitalized terms used but not defined herein
shall have the meanings assigned to them in the Credit Agreement, as amended by
this Sixth Amendment to Credit Agreement, and the rules of construction set
forth in ARTICLE I of the CA shall apply to this Sixth Amendment to Credit
Agreement.

                                   ARTICLE II
                                   AMENDMENTS

     SECTION 2.1. AMENDMENTS. The parties hereto hereby agree that provided that
the Borrower has delivered an opinion of counsel (the "COUNSEL OPINION") which
conforms to the requirements of CLAUSE (h) of SECTION 5.1 (or alternatively the
Borrower delivers an amendment to the GECC Facilities Agreement, the GECC
Intercreditor Agreement or the Discount Note Indenture, as applicable, which
includes all of the amendments set forth in this Sixth Amendment), from and
after the Effective Date, the following amendments shall be made to the Credit
Agreement:

     (a) From and after the Effective Date, the definitions of "APPLICABLE BASE
RATE MARGIN", "APPLICABLE LIBO RATE MARGIN", "EBITDA", "EXCESS CASH FLOW",
"FISCAL QUARTER", "FQ", "INTEREST COVERAGE RATIO", "MINIMUM FIXED CHARGE
COVERAGE RATIO" and "TOTAL DEBT TO EBITDA RATIO" in the CA shall be deleted in
their entirety and the following definitions shall be substituted in their
place:

     "APPLICABLE BASE RATE MARGIN" means, (w) relative to any Term B Loan, 2.50%
PER ANNUM, (x) relative to any Term C Loan, 3.00% PER ANNUM; (y) relative to any
Term D Loan, 3.50% PER ANNUM; and (z) relative to any Term A Loan, (1) on any
date prior to February 18, 2001, 2.00% PER ANNUM and (2) on any date from and
after February 18, 2001, the PER ANNUM percentage set forth below opposite the
Total Debt to EBITDA Ratio set forth in the Current Compliance Certificate:

<TABLE>
<CAPTION>
                                                             Applicable Base
      Total Debt to EBITDA Ratio                               Rate Margin
      --------------------------                             ----------------
      <S>                                                    <C>
      Equal or greater than 4.5:1                                2.00%

      Equal or greater than 4.0:1 and less than 4.5:1            1.75%

      Equal or greater than 3.5:1 and less than 4.0:1            1.50%

      Equal or greater than 3.0:1 and less than 3.5:1            1.00%
</TABLE>

                                       3

<PAGE>

<TABLE>
      <S>                                                    <C>
      Equal or greater than 2.5:1 and less than 3.0:1            0.75%

      Less than 2.5:1                                            0.50%"
</TABLE>

     "APPLICABLE LIBO RATE MARGIN" means, (w) relative to any Term B Loan, 3.50%
PER ANNUM, (x) relative to any Term C Loan, 4.00% PER ANNUM; (y) relative to any
Term D Loan, 4.50% PER ANNUM; and (z) relative to any Term A Loan, (1) on any
date prior to February 18, 2001, 3.00% PER ANNUM and (2) on any date from and
after February 18, 2001, the PER ANNUM percentage set forth below opposite the
Total Debt to EBITDA Ratio set forth in the Current Compliance Certificate:

<TABLE>
<CAPTION>
                                                              Applicable LIBO
      Total Debt to EBITDA Ratio                               Rate Margin
      --------------------------                             ----------------
      <S>                                                    <C>
      Equal or greater than 4.5:1                                 3.00%

      Equal or greater than 4.0:1 and less than 4.5:1             2.75%

      Equal or greater than 3.5:1 and less than 4.0:1             2.50%

      Equal or greater than 3.0:1 and less than 3.5:1             2.00%

      Equal or greater than 2.5:1 and less than 3.0:1             1.75%

      Less than 2.5:1                                             1.50%"
</TABLE>

     "'EBITDA' means, for the Borrower only, for any applicable period, the sum
(without duplication) of

          (a) Net Income for such period,

PLUS

          (b) the amount deducted by the Borrower, in determining Net Income for
     such period, representing

               (i) Interest Expense of the Borrower;

     PLUS

               (ii) the amount deducted, in determining Net Income, of all
          federal, state and local income taxes (whether paid in cash or
          deferred) of the Borrower or, if the Borrower is treated as a
          pass-through entity or is not treated as a separate entity for United
          States federal income tax purposes, the amount of Restricted Payments
          made by the Borrower in accordance with CLAUSE (c) of SECTION 7.2.6,
          subject to the terms thereof;

                                       4

<PAGE>

         PLUS

               (iii) depreciation of assets of the Borrower;

         PLUS

               (iv) amortization;

         PLUS

          (c) the amount of Cash Equity Contributions (as defined in the
     Keep-Well Agreement) made by one or more of the Sponsors in accordance with
     the Keep-Well Agreement attributable to such period;

         PLUS

          (d) the amount of Cash Contributions to Capital;

PROVIDED, HOWEVER, that in computing EBITDA for purposes of determining the
`Total Debt to EBITDA Ratio' in CLAUSE (h)(i)(b) of SECTION 7.2.6 or the amount
of `Excess Cash Flow', the `Applicable Base Rate Margin' or the `Applicable LIBO
Rate Margin', SUBCLAUSES (c) and (d) shall be excluded from such computation;
and, FURTHER PROVIDED, in computing EBITDA for any period of four consecutive
Fiscal Quarters ending on or prior to June 30, 2001 for purposes of determining
compliance with respect to the covenants in CLAUSES (a), (b) and (d) of SECTION
7.2.4, EBITDA for such period shall equal the product of (x) the sum of the
amounts determined pursuant to CLAUSES (a) and (b) for all Post-Conversion
Fiscal Quarters that have then been completed MULTIPLIED BY (y) a fraction, the
numerator of which is equal to 4 and the denominator of which is equal to the
number of Post-Conversion Fiscal Quarters which have then been completed; and,
FURTHER PROVIDED, that in computing EBITDA for purposes of determining
compliance with the covenant in CLAUSE (e) of SECTION 7.2.4 for any Fiscal
Quarter ending on or prior to June 30, 2001, EBITDA shall be calculated for the
period beginning on August 18, 2000 and ending on the date of the most recently
completed Post-Conversion Fiscal Quarter.

     "`EXCESS CASH FLOW' means, for any Fiscal Quarter, the excess (if any), of

          (a) EBITDA for such Fiscal Quarter

OVER

          (b) the sum (during such Fiscal Quarter) of

               (i) Interest Expense of the Borrower actually paid in cash by the
          Borrower;

                                       5

<PAGE>

         PLUS

               (ii) scheduled payments, to the extent actually made, of the
          principal amount of the Loans pursuant to SECTION 3.1.1 and scheduled
          principal repayments made with respect to the $20,000,000 term loan
          facility which is a part of the FF&E Financing, to the extent actually
          made;

         PLUS

               (iii) the amount of all federal, state and local income taxes
          (whether paid in cash or deferred) of the Borrower paid in cash by the
          Borrower or, if the Borrower is treated as a pass-through entity or is
          not treated as a separate entity for United States federal income tax
          purposes, the amount of Restricted Payments made in cash by the
          Borrower in accordance with CLAUSE (c) of SECTION 7.2.6, subject to
          the terms thereof;

         PLUS

               (iv) the amount of all Restricted Payments on the Borrower Series
          A Preferred Membership Interests made in accordance with CLAUSE (d) of
          SECTION 7.2.6;

         PLUS

               (v) Capital Expenditures actually made or reserved by the
          Borrower."

     "FISCAL QUARTER" or "FQ" means a calendar quarter ending on the last day of
March, June, September or December; references to FQ 1 refer to the Fiscal
Quarter which closed on December 31, 2000 and references to FQs after FQ1 (E.G.,
FQ2) refer to the number of Fiscal Quarters then to have elapsed in whole or in
part since the date on which FQ1 commenced.

     "INTEREST COVERAGE RATIO" means, at the close of any Fiscal Quarter, the
ratio computed for the period consisting of such Fiscal Quarter and each of the
three immediately prior Fiscal Quarters of:

          (a) EBITDA for the period of four consecutive Fiscal Quarters then
     ended (determined for any period ending on or prior to June 30, 2001
     consistently with the PROVISO to the definition of the term `EBITDA')

TO

          (b) Interest Expense of the Borrower for such period;

                                       6

<PAGE>

PROVIDED, HOWEVER, that in computing the Interest Coverage Ratio for any period
of four consecutive Fiscal Quarters ending on or prior June 30, 2001, the amount
determined pursuant to CLAUSE (b) shall equal the product of (x) the aggregate
Interest Expense for all Post-Conversion Fiscal Quarters that have then been
completed, MULTIPLIED BY (y) a fraction, the numerator of which is equal to 4
and the denominator of which is equal to the number of Post-Conversion Fiscal
Quarters which have then been completed."

     "`MINIMUM FIXED CHARGE COVERAGE RATIO' means, as of the close of any Fiscal
Quarter, the ratio computed for the period consisting of such Fiscal Quarter and
each of the three immediately prior Fiscal Quarters (or such lesser number of
Fiscal Quarters that have closed since the Conversion Date) of:

          (a) EBITDA (for all such Fiscal Quarters or shorter period, as the
     case may be, and determined for any Fiscal Quarter ending on or prior to
     June 30, 2001, consistently with the PROVISO to the definition of
     `EBITDA');

TO

          (b) the sum (for all such Fiscal Quarters or such shorter period, as
     the case may be) of

               (i) Interest Expense;

         PLUS

               (ii) scheduled principal repayments of the Loans pursuant to
          CLAUSES (b) and (c) of SECTION 3.1.1 after giving effect to any
          reductions in such scheduled principal repayments attributable to any
          optional or mandatory prepayments of the Loans and scheduled principal
          repayments made with respect to the $20,000,000 term loan facility
          which is a part of the FF&E Financing;

         PLUS

               (iii) the amount of all federal, state and local income taxes
          (whether paid in cash or deferred) of the Borrower paid by the
          Borrower or, if the Borrower is treated as a pass-through entity or is
          not treated as a separate entity for United States federal income tax
          purposes, the amount of Restricted Payments made by the Borrower in
          accordance with CLAUSE (c) of SECTION 7.2.6, subject to the terms
          thereof, in each case, in cash during such Fiscal Quarters;

         PLUS

                                       7

<PAGE>

               (iv) Restricted Payments of the types described in CLAUSE (d) of
          SECTION 7.2.6 made in cash during such Fiscal Quarters;

         PLUS

               (v) Capital Expenditures of the Borrower actually made or
          reserved during all such Fiscal Quarters pursuant to SECTION 7.2.7;

PROVIDED, HOWEVER, that in computing the Minimum Fixed Charge Coverage Ratio for
any Fiscal Quarter ending on or prior to June 30, 2001, the amount determined
pursuant to CLAUSE (b) shall equal the sum of the amounts determined pursuant to
CLAUSE (b) for the period beginning on August 18, 2000 and ending on the date of
the most recently completed Post-Conversion Fiscal Quarter."

     "`TOTAL DEBT TO EBITDA RATIO' means, as of the end of any Fiscal Quarter,
the ratio of

          (a) Total Debt outstanding on the last day of such Fiscal Quarter

TO

          (b) EBITDA computed for the period consisting of such Fiscal Quarter
     and each of the three immediately preceding Fiscal Quarters (determined for
     any period ending on or prior to June 30, 2001, consistently with the
     PROVISO to the definition of the term `EBITDA')."

     (b) From and after the Effective Date, clause (c) of Section 3.1.1 of the
Credit Agreement shall be deleted in its entirety and the following clause (c)
shall be substituted in its place:

     "(c) (i) From and after the Conversion Date, the Borrower shall make
mandatory prepayments of principal (the `MANDATORY PREPAYMENTS') of all Loans in
addition to the Scheduled Amortization on the dates and in the amounts set forth
in SCHEDULE III annexed to the Sixth Amendment to Credit Agreement; PROVIDED,
HOWEVER, on any date on which a Mandatory Prepayment is to be made, any Term B
Lender, any Term C Lender or any Term D Lender may elect not to receive its
portion of such Mandatory Prepayment in which case 50% of the portion of the
Mandatory Prepayment which was to have been made to such Lender shall be paid
PRO RATA to (x) the Term B Lenders, the Term C Lenders and the Term D Lenders
which have elected to receive their portions of such Mandatory Prepayment and
(y) the Term A Lenders which have made a Term A Loan (up to the outstanding
amount of the Term A Loans), and upon the payment of such 50% portion of such
Mandatory Prepayment, the Borrower shall be deemed to have satisfied its
obligations to make such Mandatory Prepayment. Except as set forth in the
proviso of the immediately preceding sentence, Mandatory Prepayments will be
applied PRO RATA in

                                       8

<PAGE>

inverse order among the Term A Loan, the Term B Loan, the Term C Loan and the
Term D Loan.

     (ii) The `RELEASE PRICE' (as such term is defined in the Fourth Amendment
to Credit Agreement) will be applied in forward order ratably among the
aggregate outstanding principal balance of the Loans; PROVIDED, HOWEVER, on the
date on which the Release Price is to be paid, any Term B Lender, any Term C
Lender or any Term D Lender may elect not to receive its portion of such
Mandatory Prepayment in which case the Release Price shall be paid PRO RATA to
(x) the Term B Lenders, the Term C Lenders and the Term D Lenders which have
elected to receive their portions of the Release Price and (y) the Term A
Lenders which have made a Term A Loan (up to the outstanding amount of the Term
A Loans)."

     (c) From and after the Effective Date, Section 7.2.4 of the Credit
Agreement shall be deleted in its entirety and the following Section 7.2.4 shall
be substituted in its place:

     "SECTION 7.2.4 FINANCIAL CONDITION AND OPERATIONS. The Borrower will not,
as of the close of any Fiscal Quarter, commencing with the applicable Fiscal
Quarter set forth below, permit:

          (a) TOTAL DEBT TO EBITDA RATIO. The Total Debt to EBITDA Ratio at the
     close of the applicable Fiscal Quarter set forth below to exceed the ratio
     set forth opposite such Fiscal Quarter:

<TABLE>
<CAPTION>
                                                     Total Debt to
             Fiscal Quarter                           EBITDA Ratio
             --------------                         ---------------
    <S>                                             <C>
    FQ 1 (closing on December 31, 2000)                  4.1:1
                   FQ 2                                  6.4:1
                   FQ 3                                  6.0:1
                   FQ 4                                  6.0:1
                   FQ 5                                  5.1:1
                   FQ 6                                  3.60:1
                   FQ 7                                  3.60:1
                   FQ 8                                  3.25:1
                   FQ 9                                  3.25:1
                   FQ 10                                 2.85:1
</TABLE>

                                       9

<PAGE>

<TABLE>
<CAPTION>
                                                     Total Debt to
             Fiscal Quarter                           EBITDA Ratio
             --------------                         ---------------
    <S>                                             <C>
                 FQ 11                                   2.85:1
                 FQ 12                                   2.55:1
                 FQ 13                                   2.55:1
                 FQ 14                                   2.40:1
                 FQ 15                                   2.40:1
                 FQ 16                                   2.25:1
                 FQ 17                                   2.25:1
                 FQ 18                                   2.15:1
                 FQ 19                                   2.15:1
   FQ 20 and each Fiscal Quarter thereafter              2.00:1
</TABLE>

          (b) INTEREST COVERAGE RATIO. The Interest Coverage Ratio as of the
     close of the Fiscal Quarter set forth below shall not be less than the
     ratio set forth opposite such Fiscal Quarter.

<TABLE>
<CAPTION>
                                                        Interest
             Fiscal Quarter                          Coverage Ratio
             --------------                         ---------------
    <S>                                             <C>
    FQ 1 (closing on December 31, 2000)                  2.0:1
                    FQ 2                                 1.6:1
                    FQ 3                                 1.6:1
                    FQ 4                                 1.6:1
                    FQ 5                                 1.7:1
    FQ 6 and each Fiscal Quarter thereafter              2.0:1
</TABLE>

          (c) NET WORTH. Net Worth as of the close of any calendar month,
     commencing on August 31, 2000, to be less than the sum of $100,000,000 PLUS
     85% of positive Net Income (after giving effect to the amount of Restricted
     Payments made by the Borrower in cash in accordance with CLAUSES (a) and
     (c) of SECTION 7.2.6, subject to the terms thereof for the period, treated
     as one accounting period).

          (d) EBITDA. EBITDA at the close of any such Fiscal Quarter (determined
     for such Fiscal Quarter and the three immediately preceding such Fiscal
     Quarters or for any Fiscal Quarter ended on or prior to June 30, 2001,
     determined consistently with the

                                       10
<PAGE>

     PROVISO to the definition of the term `EBITDA') during any period set forth
     below to be less than the amount set forth below opposite such period:

<TABLE>
<CAPTION>
             Fiscal Quarter                             Amount
             --------------                         ---------------
<S>                                                <C>
FQ 1 (closing on December 31, 2000)                  $105,000,000
FQ 2                                                  $75,000,000
FQ 3                                                  $80,000,000
FQ 4                                                  $80,000,000
FQ 5                                                  $90,000,000
each of FQ 6, FQ 7 and FQ 8                          $110,000,000
each of FQ 9, FQ 10, FQ 11 and FQ 12                 $120,000,000
each of FQ 13, FQ 14, FQ 15, and FQ 16               $125,000,000
each of FQ 17, FQ 18, FQ 19 and FQ 20                $130,000,000
FQ 21 and each Fiscal Quarter thereafter             $140,000,000
</TABLE>

          (e) MINIMUM FIXED CHARGE COVERAGE. The Minimum Fixed Charge Coverage
     Ratio for the Fiscal Quarter closing on December 31, 2000 and on the close
     of each Fiscal Quarter thereafter shall not be less than 1.10:1."

          (d) From and after the Effective Date, clause (h) of Section 7.2.6 of
     the Credit Agreement shall be deleted in its entirety and the following
     clause (h) shall be substituted in its place:

          "(h) notwithstanding the provisions of CLAUSE (a) above, the Borrower
     shall be permitted to make Restricted Payments as dividends or
     distributions to its stockholders in any Fiscal Quarter following the
     Conversion Date, so long as

               (i) the Borrower shall have delivered to the Administrative Agent

                    (A) financial statements prepared on a PRO FORMA basis to
               give effect to such Restricted Payment for the Fiscal Quarter
               (the "BASE FISCAL QUARTER") then last ended for which financial
               statements and the Compliance Certificate relating thereto have
               been delivered to the Administrative Agent pursuant to SECTION
               7.1.1, and

                                       11

<PAGE>

                    (B) a certificate of the Borrower executed by its chief
               financial or accounting Authorized Representative demonstrating
               that the financial results reflected in such financial statements
               would result in a Total Debt to EBITDA Ratio at the Close of any
               such Base Fiscal Quarter occurring during any period set forth
               below to be less than the ratio set forth opposite such period:

<TABLE>
<CAPTION>
                                        Total Debt to
               Period Of FQS            EBITDA Ratio
               -------------            -------------
        <S>                             <C>
        FQ1 (closing on December 31,        3.50:1
        2000) through FQ4

        FQ5 through FQ8                     3.25:1

        FQ9 and thereafter                  3.00:1; and
</TABLE>

               (ii) the aggregate amount of such Restricted Payment to be made
          by the Borrower pursuant to this CLAUSE (h), when added to the
          aggregate amount of all such Restricted Payments during the Fiscal
          Quarter in which such Restricted Payment would be made, does not
          exceed the lesser of (A) the sum of (1) 50% of Net Income for the Base
          Fiscal Quarter PLUS (2) the amount of Cash Contributions to Capital
          and (B) an amount equal to the excess of (1) Excess Cash Flow for the
          Base Fiscal Quarter OVER (2) the amount of Mandatory Prepayments
          required to have been made pursuant to CLAUSE (c) of SECTION 3.1.1
          (without giving effect to the proviso to such Section) for the Base
          Fiscal Quarter;"

          (e) From and after the Effective Date, the heading of Section 7.2.23
     of the Credit Agreement shall be "Net Worth" and the first sentence of said
     Section shall be deemed deleted in its entirety and the following sentence
     substituted in its place:

          "Commencing on August 31, 2000, the Borrower shall perform the
          covenant in clause (c) of Section 7.2.4, as such Section was amended
          by the Sixth Amendment to Credit Agreement."

                                   ARTICLE III

                   WAIVERS BY THE LENDERS; AGREEMENT TO DEFER

     SECTION 3.1. WAIVERS PERTAINING TO FINANCIAL CONDITION AND OPERATIONS. The
Borrower does not expect to perform its covenants under clause (a), clause (b)
and clause (d) of Section 7.2.4 of the Credit Agreement, as amended by this
Sixth Amendment to Credit

                                       12

<PAGE>

Agreement, with respect to the Fiscal Quarters ending on or prior to December
31, 2000. As of the Effective Date, the Lenders agree that (x) the Borrower's
failure to perform its covenants under clause (a), clause (b) and clause (d) of
Section 7.2.4 of the Credit Agreement, as amended by this Sixth Amendment to
Credit Agreement, are hereby waived with respect to the Fiscal Quarters ending
on or prior to March 31, 2001 and (y) the requirement in clause (c) of Section
7.1.1 of the Credit Agreement that the annual audited financial statements under
said clause shall not include any Impermissible Qualification is hereby waived
with respect to the Borrower and Subsidiaries and the other Aladdin Parties for
the Fiscal Year ending December 31, 2000.

     SECTION 3.2. WAIVER AND DEFERRAL PERTAINING TO FUNDING OF FF&E RESERVE. The
Borrower has not performed its obligation under Section 7.1.3 of the Credit
Agreement to fund on a monthly basis, from and after the Opening Date, the FF&E
Reserve at the percentage of Gross Revenues for Year 1 (ending as of August 18,
2001). The Borrower has asked the Lenders to waive such Default and to agree
that the Borrower may defer such fundings for Year 1 until such time as amounts
are available to the Borrower to make the Restricted Payments permitted under
clauses (c), (d), (g) or (h) in Section 7.2.6 of the Credit Agreement. As an
inducement to the Lenders to grant the waiver and deferral, the Borrower
covenants and agrees that it shall not make any Restricted Payments under
clauses (c), (d), (g) or (h) of Section 7.2.6 of the Credit Agreement until such
time as the FF&E Reserve has been funded in accordance with Section 7.1.3 of the
Credit Agreement (without giving effect to the deferral granted herein) and the
Borrower has otherwise satisfied all other conditions to making such Restricted
Payments. The Lenders agree that such waiver and agreement to permit such
deferral shall be effective from and after the Effective Date.

                                   ARTICLE IV

                           CERTAIN RESTRICTED PAYMENT

     SECTION 4.1. CERTAIN RESTRICTED PAYMENT. The Lenders confirm that the
Restricted Payment in clause (f) of Section 7.2.6 of the Credit Agreement is an
amount which is to be deducted in determining Net Income; PROVIDED, HOWEVER, the
making of any such Restricted Payment by the Borrower shall be subject to the
applicable provisions of Section 7.2.6 of the Credit Agreement.

                                    ARTICLE V

                CONDITIONS PRECEDENT AND COVENANT; AMENDMENT FEE

     SECTION 5.1. CONDITIONS TO EFFECTIVENESS. This Sixth Amendment to Credit
Agreement shall be and become effective on the date (the "EFFECTIVE DATE") on
which each of the following conditions precedent shall have been satisfied.

                                       13

<PAGE>

          (a) DELIVERIES. The Administrative Agent shall have received
     counterparts of (i) this Sixth Amendment to Credit Agreement executed by
     Authorized Representatives of the Borrower and the Administrative Agent;
     (ii) the Ratification and Reaffirmation executed by Authorized
     Representatives of each of the parties thereto; (iii) the First Amendment
     to Keep-Well Agreement of even date (the "FIRST AMENDMENT TO KEEP-WELL
     AGREEMENT") from London Clubs, the Trust, ABH and AHL; (iv) a consent from
     GECC and, if required, the Discount Note Indenture Trustee to the execution
     and delivery hereof in form and content satisfactory to the Administrative
     Agent; and (v) such other documents required by the Administrative Agent or
     any of the Lenders.

          (b) INCUMBENCY, ETC. The Administrative Agent shall have received
     (with copies for each Lender) a certificate, dated as of the date of the
     Sixth Amendment to Credit Agreement, of an Authorized Representative of

               (i) the Borrower certifying

               (x) as to the incumbency and signatures of the Person or Persons
               authorized to execute and deliver this Sixth Amendment to Credit
               Agreement and any instruments or agreements required hereunder,

               (y) as to an attached copy of one or more resolutions or other
               authorizations of the manager of the Borrower certified by the
               Authorized Representative of such manager as being in full force
               and effect on the date hereof, authorizing the execution,
               delivery and performance of this Sixth Amendment to Credit
               Agreement and any instruments or agreements required hereunder,
               and

               (z) that the Organizational Documents of the Borrower have not
               been modified since the date on which they were last delivered to
               the Administrative Agent, and

               (ii) each signatory to the First Amendment to Keep-Well Agreement
          and the Ratification and Reaffirmation certifying

               (x) as to the incumbency and signatures of the Person or Persons
               authorized to execute and deliver such Instrument on behalf of
               such signatory,

               (y) as to an attached copy of one or more resolutions or other
               authorizations of (A) the Board of Directors certified by the
               Authorized Representative of such signatory or (B) the manager of
               such signatory certified by the Authorized Representative of such
               manager, as applicable, each as being in full force and effect on
               the

                                       14

<PAGE>

               date hereof, authorizing the execution, delivery and performance
               of such Instrument, and

               (z) that the Organizational Documents of such signatory have not
               been modified since the date on which they were last delivered to
               the Administrative Agent,

upon which certificate the Administrative Agent and each Lender (collectively,
the "FINANCING PARTIES") may conclusively rely until it shall have received a
further certificate of an Authorized Representative of such Person canceling or
amending such prior certificate.

          (c) COSTS AND EXPENSES. All reasonable fees and costs and expenses
     of Mayer, Brown & Platt and other professionals employed by the
     Administrative Agent and all other reasonable expenses of the
     Administrative Agent in connection with the negotiation, execution and
     delivery of this Sixth Amendment to Credit Agreement and the
     transactions contemplated herein shall have been paid in full.

          (d) SATISFACTORY LEGAL FORM. Each Financing Party shall have
     received all information, approvals, opinions, documents or instruments
     as each Financing Party may have reasonably requested, and all documents
     executed or submitted pursuant hereto by or on behalf of the Borrower
     shall be satisfactory in form and substance to each Financing Party.

          (e) DEFAULT. After giving effect to this Sixth Amendment to Credit
     Agreement the following statements shall be true and correct: (i) to the
     best knowledge of the Borrower, no act or condition exists which, with
     the giving of notice or passage of time, would constitute a "DEFAULT" or
     "EVENT OF DEFAULT" (as defined in the Credit Agreement, the GECC
     Facilities Agreement and the Discount Note Indenture) and (ii) no
     material adverse change in the financial condition, business, property,
     prospects or ability of the Borrower to perform in all material respects
     its obligations under any Operative Document or any of the documents
     evidencing and securing the FF&E Financing to which it is a party.

          (f) CONSENTS AND APPROVALS. All approvals and consents required to
     be taken, given or obtained, as the case may be, by or from any
     Governmental Instrumentality or another Person, or by or from any
     trustee (including, without limitation, GECC and the Discount Note
     Indenture Trustee) or holder of any Indebtedness or Obligation of the
     Borrower or any other Obligor, that are necessary or, in the reasonable
     opinion of the Administrative Agent, advisable in connection with the
     execution, delivery and performance of the Credit Agreement, as amended
     by this Sixth Amendment to Credit Agreement, by all parties hereto or
     thereto, shall have been taken, given or obtained, as the case may be,
     shall be in full force and effect and the time for appeal with respect
     to

                                       15

<PAGE>

     any thereof shall have expired (or, if an appeal shall have been taken,
     the same shall have been dismissed) and shall not be subject to any
     pending proceedings or appeals (administrative, judicial or otherwise)
     and shall be in form and substance satisfactory to the Administrative
     Agent.

          (g) DELIVERY OF SIXTH AMENDMENT TO CREDIT AGREEMENT, ETC. The Borrower
     shall have delivered this Sixth Amendment to Credit Agreement to all
     Persons entitled under the Operative Documents to receive delivery hereof
     and arranged for or caused the recording and/or filing thereof, if
     required.

          (h) OPINIONS. The Administrative Agent shall have received such
     opinions of counsel as it deems necessary, dated as of the date of the
     Sixth Amendment to Credit Agreement and addressed to the Administrative
     Agent, the Lenders and, if applicable, the Disbursement Agent, which shall
     provide, in relevant part, that no approvals, waivers, amendments or
     modifications are required under the GECC Facilities Agreement, the GECC
     Intercreditor Agreement or the Discount Note Indenture for the waivers,
     amendments or modifications set forth in this Sixth Amendment to Credit
     Agreement and shall otherwise be in form and substance satisfactory to the
     Administrative Agent.

     SECTION 5.2. AMENDMENT FEE. As an inducement to each of the Lenders to
consent to this Sixth Amendment to Credit Agreement, the Borrower agrees to pay
to each Lender which has consented to this Sixth Amendment to Credit Agreement
(each, a "CONSENTING LENDER") a non-refundable fee (the "SIXTH AMENDMENT FEE")
which has been earned as of the date hereof equal to (i) the product of the
outstanding principal balance of the Loans on the date of this Sixth Amendment
to Credit Agreement MULTIPLIED BY .5% (.005) with the result thereof (ii)
MULTIPLIED BY such Lender's Percentage. The Sixth Amendment Fee shall be payable
out of Excess Cash Flow in accordance with SCHEDULE III annexed hereto.

                                   ARTICLE VI

                         REPRESENTATIONS AND WARRANTIES

     In order to induce the Administrative Agent to enter into this Sixth
Amendment to Credit Agreement on behalf of the Lenders, the Borrower hereby
reaffirms, as of the date of this Sixth Amendment to Credit Agreement, its
representations and warranties contained in Article VI of the Credit Agreement
and the Disbursement Agreement and additionally represents and warrants unto
each Financing Party as set forth in this ARTICLE VI.

     SECTION 6.1. MATTERS PERTAINING TO THE GECC FACILITIES AGREEMENT AND THE
DISCOUNT NOTE INDENTURE. The Borrower has performed all of its obligations under
the GECC Facilities Agreement and the Discount Note Indenture. To the best
knowledge of the Borrower, no act or condition exists which, with the giving of
notice or passage of time, would constitute a "DEFAULT" or "EVENT OF DEFAULT"
(as defined in the Credit Agreement, the GECC Facilities Agreement and the

                                       16

<PAGE>

Discount Note Indenture). No material adverse change has occurred with respect
to the financial condition, business, property, prospects or ability of the
Borrower to perform in all material respects its obligations under any Operative
Document or any of the documents evidencing and securing the FF&E Financing to
which it is a party.

     SECTION 6.2. DUE AUTHORIZATION, NON-CONTRAVENTION, ETC. The execution,
delivery and performance by the Borrower of this Sixth Amendment to Credit
Agreement and each other document executed or to be executed by it in connection
with this Sixth Amendment to Credit Agreement are within the Borrower's powers,
have been duly authorized by all necessary action, and do not

          (a) contravene the Borrower's Organizational Documents;

          (b) contravene any contractual restriction binding on or affecting any
     of the Aladdin Parties and/or the London Clubs Parties;

          (c) contravene any court decree or order or Legal Requirement binding
     on or affecting any of the Aladdin Parties and/or the London Clubs Parties;
     or

          (d) result in, or require the creation or imposition of, any Lien on
     any property of the Borrower, any of the other Aladdin Parties, any other
     Person which executes and delivers documents with respect to the Sixth
     Amendment to Credit Agreement in favor of the Lenders, except as expressly
     permitted by the Operative Documents, the GECC Facilities Agreement, the
     Discount Note Indenture and other Instruments binding on such Persons, as
     the case may be,

and the Financing Parties may conclusively rely on such representation and
warranty.

     SECTION 6.3. GOVERNMENT APPROVAL, REGULATION, ETC. No authorization or
approval or other action by, and no notice to or filing with, any governmental
authority or regulatory body or other Person is required for the due execution,
delivery or performance by the Borrower or any other Person of this Sixth
Amendment to Credit Agreement or any other document to be executed by it or any
other Person in connection with this Sixth Amendment to Credit Agreement.

     SECTION 6.4. VALIDITY, ETC. This Sixth Amendment to Credit Agreement
constitutes, and each other document executed by the Borrower in connection with
this Sixth Amendment to Credit Agreement, on the due execution and delivery
thereof, will constitute, the legal, valid and binding obligations of the
Borrower enforceable in accordance with their respective terms, except as such
enforceability may be limited by applicable bankruptcy, insolvency or similar
laws affecting the enforcement of creditors rights generally and by general
principles of equity.

                                       17

<PAGE>

     SECTION 6.5. LIMITATION. Except as expressly provided hereby, all of the
representations, warranties, terms, covenants and conditions of the Credit
Agreement and each other Operative Document shall remain unamended and unwaived
and shall continue to be, and shall remain, in full force and effect in
accordance with their respective terms. The amendments and modifications set
forth herein shall be limited precisely as provided for herein, and shall not be
deemed to be a waiver of, amendment of, consent to or modification of any other
term or provision of the Credit Agreement, the GECC Facilities Agreement, any
Operative Document, the Discount Note Indenture or other Instrument referred to
therein or herein, or of any transaction or further or future action on the part
of the Borrower or any other Person which would require the consent of the
Agents, the Lenders, GECC or the Discount Note Indenture Trustee or any other
Person.

     SECTION 6.6. OFFSETS AND DEFENSES. The Borrower has no offsets or defenses
to its obligations under the Loan Documents and no claims or counterclaims
against any of the Agents or the Lenders.

     SECTION 6.7. RELEASE BY THE BORROWER. (a) As an inducement to the
Administrative Agent to enter into this Sixth Amendment to Credit Agreement on
behalf of the Lenders, the Borrower hereby releases and discharges the Lenders
and the Agents, and their respective successors and assigns, and all officers,
directors, employees, agents, representatives, insurers and attorneys of each of
them from all actions, counterclaims, causes of action, suits, debts, dues, sums
of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts,
controversies, agreements, promises, variances, trespasses, damages, judgments,
executions, claims, and demands whatsoever, in law, admiralty or equity, against
the Lenders, the Agents and/or their successors and assigns which the Borrower
ever had, now has or hereafter can, shall or may, have for, upon, or by reason
of any matter, cause or thing whatsoever from the beginning of the world to the
day of the date of this Sixth Amendment to Credit Agreement (the "RELEASED
CLAIMS").

          (b) In order to induce the Administrative Agent to accept the
release set forth herein on behalf of the Lenders, the Borrower represents
that:

               (i) such release constitutes a legal, valid and binding
          obligation of the Borrower, enforceable against it in accordance with
          its terms. The execution and delivery of, and the performance and
          compliance by the Borrower with such release will not conflict with,
          or constitute on the part of the Borrower a violation or breach of, or
          a default under, and will not require any authorization, consent,
          approval or other action by, or any notice to, or filing with any
          court or administrative body or any other Person pursuant to, any
          mortgage, deed of trust, loan agreement, trust agreement or other
          agreement or instrument to which the Borrower or any of its property
          is subject or any laws and other governmental requirements; and

                                       18
<PAGE>

               (ii) the Borrower (A) has not sold, transferred, conveyed,
          abandoned or otherwise disposed of any of the Released Claims, whether
          or not known, suspected or claimed that the Borrower has, had or may
          have, against the Lenders, any Agent and/or any of their successors,
          predecessors (including, without limitation, all predecessors by
          virtue of merger) and assigns, as the case may be and (B) has sought
          the advice of counsel with respect to the execution and delivery of
          this Sixth Amendment to Credit Agreement and the Borrower understands
          the legal implications with respect to the release set forth herein
          and the other documents executed by the Borrower in connection
          herewith.

          (c) The Borrower hereby acknowledges that it may hereafter discover
     facts in addition to or different from those which it now knows or believes
     to be true with respect to the subject matter of the release set forth
     herein, but that it is the Borrower's intention to, and it does, hereby
     fully, finally and forever settle the Released Claims; in furtherance of
     such intention, the Borrower acknowledges that the release set forth herein
     shall be and remain in effect as a full and complete release,
     notwithstanding the subsequent discovery or existence of any such
     additional or different facts.

                                   ARTICLE VII

                            MISCELLANEOUS PROVISIONS

     SECTION 7.1. RESERVATION OF RIGHTS. The Borrower agrees that neither this
Sixth Amendment to Credit Agreement nor the making of any Advance by the
Disbursement Agent and the Administrative Agent's consent thereto either before
or after the Effective Date shall constitute (w) an approval of all or any
portion of any Advance Request, (x) a waiver or forbearance by the Disbursement
Agent or the Administrative Agent under any of the Loan Documents, (y) the
acceptance by the Disbursement Agent or the Administrative Agent of any course
of conduct by the Borrower, the Completion Guarantors or any other Person or (z)
an agreement by the Administrative Agent to amend any of the Loan Documents
without all required approvals including, without limitation, approval from the
Required Lenders. The Borrower further agrees that the Administrative Agent and
the Disbursement Agent reserve all rights, remedies and options under the Loan
Documents to require the Borrower to satisfy in all respects the conditions
relating to each Advance and perform all of its obligations under the Loan
Documents which are then due and owing or are susceptible of performance, as the
case may be.

                                       19

<PAGE>

     SECTION 7.2. RATIFICATION OF AND REFERENCES TO THE CREDIT AGREEMENT. This
Sixth Amendment to Credit Agreement shall be deemed to be an amendment to the
Credit Agreement, and the Credit Agreement, as amended by this Sixth Amendment
to Credit Agreement, shall continue in full force and effect and is hereby
ratified, approved and confirmed in each and every respect. All references to
the Credit Agreement in any other document, instrument, agreement or writing
shall hereafter be deemed to refer to the Credit Agreement, as amended by this
Sixth Amendment to Credit Agreement.

     SECTION 7.3. TECHNICAL AMENDMENTS. The Borrower and the Administrative
Agent acknowledge and agree that (i) the reference in clause (a) of Section 2.1
of the Third Amendment to Credit Agreement to "Section 7.19" should be to
Section 7.1.9 of the Credit Agreement and (ii) the paragraph in clause (ee) of
Section 3.1 of the Fourth Amendment to Credit Agreement which was added as
Section 2.1.6 to the CA should be Section 2.1.7.

     SECTION 7.4. HEADINGS. The various headings of this Sixth Amendment to
Credit Agreement are inserted for convenience only and shall not affect the
meaning or interpretation of this Sixth Amendment to Credit Agreement or any
provisions hereof.

     SECTION 7.5. APPLICABLE LAW. THIS SIXTH AMENDMENT TO CREDIT AGREEMENT AND
THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS SIXTH AMENDMENT TO CREDIT
AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK, INCLUDING SECTION 5-1401 OF THE NEW
YORK GENERAL OBLIGATIONS LAW, BUT EXCLUDING ALL OTHER CHOICE OF LAW AND
CONFLICTS OF LAW RULES OF SUCH STATE.

     SECTION 7.6. CROSS-REFERENCES. References in this Sixth Amendment to Credit
Agreement to any Article or Section are, unless otherwise specified, to such
Article or Section of this Sixth Amendment to Credit Agreement.

     SECTION 7.7. LOAN DOCUMENT. This Sixth Amendment to Credit Agreement is a
Loan Document executed pursuant to the Credit Agreement and shall (unless
otherwise expressly indicated therein) be construed, administered and applied in
accordance with the terms and provisions of the Credit Agreement.

     SECTION 7.8. SUCCESSORS AND ASSIGNS. This Sixth Amendment to Credit
Agreement shall be binding upon and inure to the benefit of the parties hereto
and their respective successors and assigns.

     SECTION 7.9. COUNTERPARTS. This Sixth Amendment to Credit Agreement may be
executed by the parties hereto in any number of counterparts and on separate
counterparts, each of which shall be an original but all of which together shall
constitute one and the same instrument.

                                       20

<PAGE>

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

                                   ALADDIN GAMING, LLC

                                   By: /s/ THOMAS A. LETTERO
                                       -------------------------------
                                   Name:  Thomas A. Lettero
                                   Title: Senior Vice President, CFO

                                   THE BANK OF NOVA SCOTIA, as the
                                   Administrative Agent

                                   By:/s/ ALAN PENDERGAST
                                      --------------------------------
                                   Name: Alan Pendergast
                                   Title: Managing Director

                                       21

<PAGE>

                                                                    SCHEDULE III
                                          To Sixth Amendment to Credit Agreement

                       MANDATORY PAYMENTS AND PREPAYMENTS

<TABLE>
<CAPTION>

==============================================================================================
          Date                               Percentage of Excess Cash Flow
==============================================================================================
<S>                                  <C>
End of First Quarter following       100% of Excess Cash Flow shall be paid to the Consenting
the Conversion Date                  Lenders in accordance with SECTION 5.2 of the Sixth
                                     Amendment to Credit Agreement until the Sixth Amendment
                                     Fee has been paid in full; thereafter 65% of remaining
                                     Excess Cash Flow shall be paid as a Mandatory Prepayment
                                     in accordance with clause (c) of Section 3.1.1 unless the
                                     Total Debt to EBITDA Ratio is greater than 3.50:1.0 in
                                     which case such percentage shall be 100%.
-----------------------------------------------------------------------------------------------
End of Second Quarter following      100% of Excess Cash Flow shall be paid to the Consenting
the Conversion Date                  Lenders in accordance with SECTION 5.2 of the Sixth
                                     Amendment to Credit Agreement until the Sixth Amendment
                                     Fee has been paid in full; thereafter 65% of remaining
                                     Excess Cash Flow shall be paid as a Mandatory Prepayment
                                     in accordance with clause (c) of Section 3.1.1 unless the
                                     Total Debt to EBITDA Ratio is greater than 3.50:1.0 in
                                     which case such percentage shall be 100%.
-----------------------------------------------------------------------------------------------
End of Third Quarter following       100% of Excess Cash Flow shall be paid to the Consenting
the Conversion Date                  Lenders in accordance with SECTION 5.2 of the Sixth
                                     Amendment to Credit Agreement until the Sixth Amendment
                                     Fee has been paid in full; thereafter 65% of remaining
                                     Excess Cash Flow shall be paid as a Mandatory Prepayment
                                     in accordance with clause (c) of Section 3.1.1 unless the
                                     Total Debt to EBITDA Ratio is greater than 3.50:1.0 in
                                     which case such percentage shall be 100%.
-----------------------------------------------------------------------------------------------
End of Fourth Quarter following     100% of Excess Cash Flow shall be paid to the Consenting
the Conversion Date                 Lenders in accordance with SECTION 5.2 of the Sixth
                                    Amendment to Credit Agreement until the Sixth Amendment
                                    Fee has been paid in full; thereafter 65% of remaining
                                    Excess Cash Flow shall be paid as a Mandatory Prepayment
                                    in accordance with clause (c) of Section 3.1.1 unless the
                                    Total Debt to EBITDA Ratio is greater than 3.50:1.0 in
                                    which case such percentage shall be 100%.
-----------------------------------------------------------------------------------------------
End of Fifth Quarter following       100% of Excess Cash Flow shall be paid to the Consenting
the Conversion Date                  Lenders in accordance with SECTION 5.2 of the Sixth
                                     Amendment to Credit Agreement until the Sixth Amendment
                                     Fee has been paid in full; thereafter 60% of remaining
                                     Excess Cash Flow shall be paid as a Mandatory Prepayment
                                     in accordance with clause (c) of Section 3.1.1 unless the
                                     Total Debt to EBITDA Ratio is greater than
</TABLE>

<PAGE>

<TABLE>
<CAPTION>

==============================================================================================
          Date                               Percentage of Excess Cash Flow
==============================================================================================
<S>                                  <C>

                                     3.50:1.0 in which case such percentage shall be 100%.
-----------------------------------------------------------------------------------------------
End of Sixth Quarter following       100% of Excess Cash Flow shall be paid to the Consenting
the Conversion Date                  Lenders in accordance with SECTION 5.2 of the Sixth
                                     Amendment to Credit Agreement until the Sixth Amendment
                                     Fee has been paid in full; thereafter 60% of remaining
                                     Excess Cash Flow shall be paid as a Mandatory Prepayment
                                     in accordance with clause (c) of Section 3.1.1 unless the
                                     Total Debt to EBITDA Ratio is greater than 3.50:1.0 in
                                     which case such percentage shall be 100%.
-----------------------------------------------------------------------------------------------
End of Seventh Quarter following     100% of Excess Cash Flow shall be paid to the Consenting
the Conversion Date                  Lenders in accordance with SECTION 5.2 of the Sixth
                                     Amendment to Credit Agreement until the Sixth Amendment
                                     Fee has been paid in full; thereafter 60% of remaining
                                     Excess Cash Flow shall be paid as a Mandatory Prepayment
                                     in accordance with clause (c) of Section 3.1.1 unless the
                                     Total Debt to EBITDA Ratio is greater than 3.50:1.0 in
                                     which case such percentage shall be 100%.
-----------------------------------------------------------------------------------------------
End of Eighth Quarter following      100% of Excess Cash Flow shall be paid to the Consenting
the Conversion Date                  Lenders in accordance with SECTION 5.2 of the Sixth
                                     Amendment to Credit Agreement until the Sixth Amendment
                                     Fee has been paid in full; thereafter 60% of remaining
                                     Excess Cash Flow shall be paid as a Mandatory Prepayment
                                     in accordance with clause (c) of Section 3.1.1 unless the
                                     Total Debt to EBITDA Ratio is greater than 3.50:1.0 in
                                     which case such percentage shall be 100%.
-----------------------------------------------------------------------------------------------
End of Ninth Quarter following       100% of Excess Cash Flow shall be paid to the Consenting
the Conversion Date                  Lenders in accordance with SECTION 5.2 of the Sixth
                                     Amendment to Credit Agreement until the Sixth Amendment
                                     Fee has been paid in full; thereafter 55% of remaining
                                     Excess Cash Flow shall be paid as a Mandatory Prepayment
                                     in accordance with clause (c) of Section 3.1.1 unless the
                                     Total Debt to EBITDA Ratio is greater than 3.50:1.0 in
                                     which case such percentage shall be 100%.
-----------------------------------------------------------------------------------------------
End of Tenth Quarter following       100% of Excess Cash Flow shall be paid to the Consenting
the Conversion Date                  Lenders in accordance with SECTION 5.2 of the Sixth
                                     Amendment to Credit Agreement until the Sixth Amendment
                                     Fee has been paid in full; thereafter 55% of remaining
                                     Excess Cash Flow shall be paid as a Mandatory Prepayment
                                     in accordance with clause (c) of Section 3.1.1 unless the
                                     Total Debt to EBITDA Ratio is greater than 3.50:1.0 in
                                     which case such percentage shall be 100%.
-----------------------------------------------------------------------------------------------
End of Eleventh Quarter following    100% of Excess Cash Flow shall be paid to the Consenting
the Conversion Date                  Lenders in accordance with SECTION 5.2 of the Sixth
                                     Amendment to Credit Agreement until the Sixth Amendment
                                     Fee has been paid in full; thereafter 55% of
</TABLE>

<PAGE>

<TABLE>
<CAPTION>

==============================================================================================
          Date                               Percentage of Excess Cash Flow
==============================================================================================
<S>                                  <C>
                                     remaining Excess Cash Flow shall be paid as a Mandatory
                                     Prepayment in accordance with clause (c) of Section 3.1.1
                                     unless the Total Debt to EBITDA Ratio is greater than
                                     3.50:1.0 in which case such percentage shall be 100%.
-----------------------------------------------------------------------------------------------
End of Twelfth Quarter following     100% of Excess Cash shall be paid to the Consenting Lenders
the Flow Conversion Date             in accordance with SECTION 5.2 of the Sixth Amendment to
and thereafter                       Credit Agreement until the Sixth Amendment Fee has been paid
                                     in full; thereafter 55% of remaining Excess Cash Flow shall be
                                     paid as a Mandatory Prepayment in accordance with clause(c) of
                                     Section 3.1.1 unless the Total Debt to EBITDA Ratio is greater
                                     than 3.50:1.0 in which case such percentage shall be 100%.
-----------------------------------------------------------------------------------------------
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00025-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00025-of-00352.parquet"}]]