Document:

Exhibit 10.46

 

LAS VEGAS
SANDS, INC.

EXECUTIVE CASH INCENTIVE PLAN

 

I.          Purpose

 

The purpose of the Las
Vegas Sands, Inc. Executive Cash Incentive Plan (the “Plan”) is to
establish a program of incentive compensation for designated officers and/or key
executive employees of Las Vegas Sands, Inc., a Nevada corporation (the “Company”)
and its subsidiaries and divisions that is directly related to the performance
results of such individuals.  The Plan
provides annual incentives, contingent upon continued employment and meeting
certain corporate goals, to certain key executives who make substantial
contributions to the Company.

 

II.        Definitions

 

The following definitions
shall be applicable throughout the Plan.

 

“Board” means the
Board of Directors of the Company.

 

“Bonus Award”
means the award or awards, as determined by the Committee, to be granted to a
Participant based on that Participant’s level of attainment of his or her goals
established in accordance with Articles IV and V of the Plan.

 

“Code” means the Internal
Revenue Code of 1986, as amended.

 

“Committee” means
either (i) the Board or (ii) a committee selected by the Board to administer
the Plan and composed of not less than two directors, each of whom is an “outside
director” (within the meaning of Section 162(m) of the Code).  If at any time such a Committee has not been
so designated, the Compensation Committee of the Board shall constitute the
Committee or if there shall be no Compensation Committee of the Board, the
Board shall constitute the Committee. 
The fact that a Committee member shall fail to qualify as an “outside
director” when administering the Plan with respect to 162(m) Bonus Awards shall
not invalidate any 162(m) Bonus Award granted by the Committee if such 162(m) Bonus
Award is otherwise validly granted under the Plan.

 

“Company” means Las
Vegas Sands, Inc., a Nevada corporation, and any successor thereto.

 

“Designated
Beneficiary” means the beneficiary or beneficiaries designated by a
Participant in accordance with Article XIV hereof to receive the amount, if
any, payable under the Plan upon such Participant’s death.

 

“162(m) Bonus Award”
means a Bonus Award which is intended to qualify for the performance-based
compensation exception to Section 162(m) of the Code, as further described in
Article VIII.

 

“Participant”
means any officer or key executive of the Company and its subsidiaries
designated by the Committee to participate in the Plan.

 

 

“Performance Criteria”
means objective performance criteria established by the Committee with respect
to 162(m) Bonus Awards.  Performance
Criteria shall be measured in terms of one or more of the following objectives,
described as such objectives relate to Company-wide objectives or of the
subsidiary, division, department or function with the Company or subsidiary in
which the Participant is employed:

 

	
  (i)

  	
  net
  earnings or net income (before or after taxes);

  
	
  (ii)

  	
  basic or diluted earnings per share (before or after
  taxes);

  
	
  (iii)

  	
  net
  revenue or net revenue growth;

  
	
  (iv)

  	
  gross
  profit or gross profit growth;

  
	
  (v)

  	
  net
  operating profit (before or after taxes);

  
	
  (vi)

  	
  return
  measures (including, but not limited to, return on assets, capital, invested
  capital, equity, or sales);

  
	
  (vii)

  	
  cash
  flow (including, but not limited to, operating cash flow, free cash flow, and
  cash flow return on capital);

  
	
  (viii)

  	
  earnings
  before or after taxes, interest, depreciation, amortization and/or rents;

  
	
  (ix)

  	
  gross
  or operating margins;

  
	
  (x)

  	
  productivity
  ratios;

  
	
  (xi)

  	
  share
  price (including, but not limited to, growth measures and total stockholder
  return);

  
	
  (xii)

  	
  expense
  targets;

  
	
  (xiii)

  	
  margins;

  
	
  (xiv)

  	
  operating
  efficiency;

  
	
  (xv)

  	
  objective
  measures of customer satisfaction;

  
	
  (xvi)

  	
  working
  capital targets;

  
	
  (xvii)

  	
  measures
  of economic value added; and

  
	
  (xviii)

  	
  inventory
  control.

  

 

Each grant of a 162(m) Bonus Award shall specify the Performance
Criteria to be achieved, a minimum acceptable level of achievement below which
no payment or award will be made, and a formula for determining the amount of
any payment or award to be made if performance is at or above the minimum
acceptable level but falls short of full achievement of the specified
Performance Criteria.

 

If the Committee determines that a change in the business, operations,
corporate structure or capital structure of the Company, or the manner in which
it conducts its business, or other events or circumstances render the
Performance Criteria to be unsuitable, the Committee may modify such
Performance Criteria or the related minimum acceptable level of achievement, in
whole or in part, as the Committee deems appropriate and equitable; provided,
however, that no such modification shall be made if the effect would be
to cause a 162(m) Bonus Award to fail to qualify for the performance-based
compensation exception to Section 162(m) of the Code.  In addition, at the time performance goals
are established as to a 162(m) Bonus Award, the Committee is authorized to
determine the manner in which the Performance Criteria related thereto will be
calculated or measured to take into account certain factors over which the
Participant has no control or limited control including changes in industry
margins, general economic conditions, interest rate movements and changes in
accounting principles.

 

2

 

“Performance Period”
means the period during which performance is measured to determine the level of
attainment of a Bonus Award, which shall be the fiscal year of the Company.

 

“Plan” means the Las
Vegas Sands, Inc. Executive Cash Incentive Plan.

 

III.       Eligibility

 

Participants in the Plan
shall be selected by the Committee for each Performance Period from those
officers and key executives of the Company and its subsidiaries whose efforts
contribute materially to the success of the Company.  No employee shall be a Participant unless he
or she is selected by the Committee, in its sole discretion.  No employee shall at any time have the right
to be selected as a Participant nor, having been selected as a Participant for
one Performance Period, to be selected as a Participant in any other
Performance Period.

 

IV.       Administration

 

The Committee, in its
sole discretion, will determine eligibility for participation, establish the
maximum aggregate award which may be earned by each Participant (which may be
expressed in terms of a dollar amount, percentage of salary or any other
measurement), establish goals for each Participant (which may be objective or
subjective, and based on individual, Company, subsidiary and/or division
performance), calculate and determine each Participant’s level of attainment of
such goals, and calculate the Bonus Award for each Participant based upon such
level of attainment.

 

Except as otherwise
herein expressly provided, full power and authority to construe, interpret, and
administer the Plan shall be vested in the Committee, including the power to
amend or terminate the Plan as further described in Article XVII.  The Committee may at any time adopt such
rules, regulations, policies, or practices as, in its sole discretion, it shall
determine to be necessary or appropriate for the administration of, or the performance of its respective responsibilities under, the
Plan.  The Committee may at any time
amend, modify, suspend, or terminate such rules, regulations, policies, or practices.

 

V.        Bonus
Awards

 

The Committee, based upon
information to be supplied by management of the Company and, where determined
as necessary by the Board, the ratification of the Board, will establish for
each Performance Period a maximum aggregate award (and, if the Committee deems
appropriate, threshold and target awards) and goals relating to Company,
subsidiary, divisional, departmental and/or functional performance for each
Participant and communicate such award levels and goals to each Participant prior
to or during the Performance Period for which such award may be made.  Bonus Awards will be earned by each
Participant based upon the level of attainment of his or her goals during the
applicable Performance Period; provided that the Committee may reduce
the amount of any Bonus Award in its sole and absolute discretion.  As soon as practicable after the end of the
applicable Performance Period, the Committee shall determine the level of
attainment of the goals for each Participant and the Bonus Award to be made to
each Participant.

 

3

 

VI.       Payment of
Bonus Awards

 

Except as provided in
Articles VII and IX below, Bonus Awards earned during any Performance Period
shall be paid as soon as practicable following the end of such Performance
Period and the determination of the amount thereof shall be made by the
Committee.  Payment of Bonus Awards shall
be made in the form of cash.  Bonus Award
amounts earned but not yet paid will not accrue interest.

 

VII.      Deferral of Bonus
Awards

 

If so permitted by the
Committee, a Participant may elect to defer receipt of all or a portion of a Bonus
Award pursuant to the terms of the Company’s Deferred Compensation Plan.

 

VIII.    162(m)
Bonus Awards

 

Unless determined
otherwise by the Committee, each Bonus Award awarded under the Plan shall be a
162(m) Bonus Award and will be subject to the following requirements,
notwithstanding any other provision of the Plan to the contrary:

 

1.                    No 162(m)
Award may be paid on or after the first regularly scheduled meeting of the
Company’s shareholders that occurs following the close of the third calendar
year following the calendar year in which the Company became a “publicly held
corporation” within the meaning of Section 162(m)(2) of the Code, unless and
until the shareholders of the Company have approved the Plan in a manner which
complies with the shareholder approval requirements of Section 162(m) of
the Code.

 

2.                    A 162(m) Bonus
Award may be made only by a Committee which is comprised solely of not less
than two directors, each of whom is an “outside director” (within the meaning
of Section 162(m) of the Code).

 

3.                    The
performance goals to which a 162(m) Bonus Award is subject must be based solely
on Performance Criteria.  Such
performance goals, and the maximum, target and/or threshold (as applicable)
Bonus Amount payable upon attainment thereof, must be established by the
Committee within the time limits required in order for the 162(m) Bonus Award
to qualify for the performance-based compensation exception to Section 162(m)
of the Code.

 

4.                    No 162(m)
Bonus Award may be paid until the Committee has certified the level of
attainment of the applicable Performance Criteria; provided, however,
that the Committee, in its sole discretion, may permit the payment of a 162(m)
Bonus Award to a Participant (or such Participant’s Designated Beneficiary or
estate, as applicable) without first certifying the level of attainment of the
applicable Performance Criteria following (i) a termination of employment due
to the Participant’s death or disability or (ii) a “Change in Control” (as that
term is defined in the Las Vegas Sands Corp. 2004 Equity Award Plan.

 

4

 

5.                    With respect
to any single Participant, the maximum amount of any 162(m) Bonus Award for any
fiscal year of the Company shall be $10,000,000.

 

IX.       Termination
of Employment

 

A Participant shall be
eligible to receive payment of his or her Bonus Award earned during a
Performance Period, so long as the Participant is employed on the last day of
such Performance Period, notwithstanding any subsequent termination of
employment prior to the actual payment of the Bonus Award.  In the event of a Participant’s death prior
to the payment of a Bonus Award which has been earned, such payment shall be
made to the Participant’s Designated Beneficiary or, if there is none living,
to the estate of the Participant. Notwithstanding the foregoing, the Committee,
in its sole discretion, may permit a Participant to receive payment of all or a
pro rata portion of his or her Bonus Award following a termination of such
Participant’s employment prior to the last day of a Performance Period; provided,
however, that, in the event the Bonus Award is a 162(m) Bonus Award the
Committee shall only be permitted to exercise such discretion upon a
termination of employment described in Section 4 of Article VIII.

 

X.        Reorganization
or Discontinuance

 

The obligations of the
Company under the Plan shall be binding upon any successor corporation or
organization resulting from a merger, consolidation or other reorganization of
the Company, or upon any successor corporation or organization succeeding to
substantially all of the assets and business of the Company.  The Company will make appropriate provision
for the preservation of Participants’ rights under the Plan in any agreement or
plan which it may enter into or adopt to effect any such merger, consolidation,
reorganization or transfer of assets.

 

If the business conducted
by the Company shall be discontinued, any previously earned and unpaid Bonus
Awards under the Plan shall become immediately payable to the Participants then
entitled thereto.

 

XI.       Non-Alienation
of Benefits

 

A Participant may not
assign, sell, encumber, transfer or otherwise dispose of any rights or
interests under the Plan except by will or the laws of descent and
distribution.  Any attempted disposition
in contravention of the preceding sentence shall be null and void.

 

XII.     No Claim or
Right to Plan Participation

 

No employee or other
person shall have any claim or right to be selected as a Participant under the
Plan.  Neither the Plan nor any action
taken pursuant to the Plan shall be construed as giving any employee any right
to be retained in the employ of the Company or any of its subsidiaries.

 

5

 

XIII.    Taxes

 

The Company shall deduct
from all amounts paid under the Plan all federal, state, local and other taxes that
the Committee, in its sole discretion, determines are required to be withheld
with respect to such payments.

 

XIV.    Designation
and Change of Beneficiary

 

Each Participant may
indicate upon notice to him or her by the Committee of his or her right to
receive a Bonus Award a designation of one or more persons as the Designated
Beneficiary who shall be entitled to receive the amount, if any, payable under
the Plan upon the death of the Participant. 
Such designation shall be in writing to the Committee.  A Participant may, from time to time, revoke
or change his or her Designated Beneficiary without the consent of any prior
Designated Beneficiary by filing a written designation with the Committee.  The last such designation received by the
Committee shall be controlling; provided, however, that no
designation, or change or revocation thereof, shall be effective unless
received by the Committee prior to the Participant’s death, and in no event
shall it be effective as of a date prior to such receipt.  In the event that a Participant fails to
designate a Designated Beneficiary as provided in this Article XIV, or if the
Designated Beneficiary predeceases the Participant, then any Bonus Award
payable following the Participant’s death shall be payable to such Participant’s
estate.

 

XV.     No Liability
of Committee Members

 

No member of the
Committee shall be personally liable by reason of any contract or other
instrument related to the Plan executed by such member or on his or her behalf
in his or her capacity as a member of the Committee, nor for any mistake of
judgment made in good faith, and the Company shall indemnify and hold harmless
each employee, officer, or director of the Company to whom any duty or power
relating to the administration or interpretation of the Plan may be allocated
or delegated, against any cost or expense (including legal fees, disbursements
and other related charges) or liability (including any sum paid in settlement
of a claim with the approval of the Board) arising out of any act or omission
to act in connection with the Plan unless arising out of such person’s own
fraud or bad faith.

 

XVI.    Termination or
Amendment of the Bonus Plan

 

The Committee may amend,
suspend or terminate the Plan at any time; provided that no amendment
may be made without the approval of the Company’s shareholders if the effect of
such amendment would be to cause outstanding or pending 162(m) Bonus Awards to
cease to qualify for the performance-based compensation exception to Section
162(m) of the Code.

 

XVII.   Unfunded
Plan

 

Participants shall have
no right, title, or interest whatsoever in or to any investments which the
Company may make to aid it in meeting its obligations under the Plan.  Nothing contained in the Plan, and no action
taken pursuant to its provisions, shall create or be construed to create a
trust of any kind, or a fiduciary relationship between the Company and any
Participant, Designated Beneficiary, legal representative or any other
person.  To the extent that

 

6

 

any person acquires a right to receive payments from
the Company under the Plan, such right shall be no greater than the right of an
unsecured general creditor of the Company. 
All payments to be made hereunder shall be paid from the general funds
of the Company and no special or separate fund shall be established and no
segregation of assets shall be made to assure payment of such amounts except as
expressly set forth in the Plan.

 

The Plan is not intended
to be subject to the Employee Retirement Income Security Act of 1974, as
amended.

 

XVIII.  Governing
Law

 

The terms of the Plan and
all rights thereunder shall be governed by and construed in accordance with the
laws of the State of Nevada (and, to the extent applicable, the regulations of
the Nevada Gaming Commission, the rules, directives and decisions of the Nevada
Gaming Commission and State Gaming Control Board, the ordinances of Clark
County, Nevada, and the regulations of the Clark County Liquor and Gaming
Licensing Board) without reference to principles of conflict of laws.

 

XIX.    Effective Date

 

The effective date of the
Plan is January 1, 2005.

 

XX.     Shareholder
Reapproval.

 

The Plan shall be subject
to reapproval by the Company’s shareholders no later than the first shareholder
meeting that occurs in the fifth year following the year in which the Company’s
shareholders first approved the Plan following the date on which the Company
became a “publicly held corporation” within the meaning of Section 162(m)(2) of
the Code.

 

As Adopted by the Board of Directors

of Las Vegas Sands, Inc. at a Meeting

Held on November 8, 2004.

 

 

	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  

 

7Exhibit 10.49  

VENETIAN HOTEL SERVICE AGREEMENT  

        Agreement made as of June 28, 2001 by and between Venetian Hotel ("Venetian") and the Interface Group-Nevada, Inc. dba Sands Expo and Convention Center
("SECC"). 

        WHEREAS,
SECC is in the business of licensing the use of the SECC to trade show and public show producers, associations, event organizers, and other ("Hall Users"), and 

        WHEREAS,
SECC is in the business of providing the following services ("said services") on its own account to trade show and other customers in the SECC: 

Custodial
Labor (Booth Cleaning & Public Space Cleaning)

Plant and Floral (Rental or Purchase)

Custom Signage and Graphic Imaging

Staging, Lighting and Rigging

Video Signal Distribution

Internet Access

Audio Visual Equipment Rental

Telecommunications Services

Electrical Power Distribution and Plumbing 

        WHEREAS,
Venetian has asked SECC to be the exclusive provider of "Said Services" to Venetian customers in the Venetian's Hall D, Meeting Rooms and Ballrooms as noted below: 

	 
	 	Hall D
	 	Meeting Room and

Ballrooms

	Custodial Labor (Booth Cleaning & Public Space Cleaning)	 	X	 	 
	Plant and Floral (Rental or Purchase)	 	X	 	X
	Custom Signage and Graphic Imaging	 	X	 	X
	Staging, Lighting and Rigging	 	X	 	X
	Video Signal Distribution	 	X	 	X
	Internet Access	 	X	 	X
	Audio Visual Equipment Rental	 	X	 	X
	Telecommunications Services	 	X	 	X
	Electrical Power Distribution and Plumbing	 	X	 	X

        WHEREAS,
SECC is willing to continue to provide the "Said Services" on certain terms and conditions, 

        NOW,
THEREFORE, it is agreed as follows: 

	1.
	Venetian
hereby appoints SECC and SECC accepts such appointment to be the exclusive supplier of "Said Services" at the SECC to all Venetian customers. For the purposes hereof, "Said
Services" shall mean the provision of those materials, equipment and labor, whether sold or rented, necessary for the delivery of "Said Services" to Venetian customers in the above noted Venetian
locations. For the purposes hereof, Venetian customers shall mean those that utilize all or a portion of either Hall "D", the Venetian Ballroom, the Palazzo Ballroom, or the new meeting room
complex within the Venetian. Venetian reserves the exclusive, right to charge their customers actual charges or a set fee in lieu thereof.

	2.
	SECC
agrees that all "Said Services", materials and labor shall be delivered in a good and workmanlike manner in compliance with all health and building codes and standards of all
appropriate governmental authorities.

	3.
	SECC
agrees that its schedule of charges for "Said Services" shall be uniform for all Venetian customers for any single event within the Venetian's stated locations and that such
schedule shall 

 

reflect
pricing which is reasonable competitive with that charges by other providers of similar services for similar events in other similar facilities in Las Vegas. 

	4.
	SECC
agrees to pay the Venetian a services license fee equal to a fixed percentage of the fees and charges due SECC for providing the above noted "Said Services" at the Center. The
SECC agrees to pay the Venetian 50% net revenue after all direct expenses paid to deliver these services.

	5.
	The
SECC shall set payment terms, make creditor decisions and collect all payments on account of services provided. At the SECC's request the Venetian shall provide the SECC with any
credit information the Venetian may have on any customer. In collecting overdue or unpaid accounts the SECC shall employ the standard collection practices utilized in its regular business activities.
Accounts deemed uncollectible shall be written off and such write-offs shall be noted and included in the accounting provided to the Venetian. In any instance where the SECC declines to provide said
services to a hall user and/or exhibitor because of a credit risk and service is nevertheless requested by the Venetian in writing or a Venetian representative approves a work order by way of
signature to provide such service, the Venetian shall guarantee to SECC payment of its normal net fees if not paid by the Venetian customer, which in this case would be 50% of the amount deemed
uncollectable.

	6.
	The
SECC shall provide the Venetian, within 30 days of the last day of move out of each Event, with a list of its' revenue and expense summary for "Said Services" and the SECC shall
pay the Venetian the appropriate services fee as set forth in Paragraph 4. Any fee not paid when due shall bear interest at the rate of 18% per annum. The Venetian reserves the right to audit
relevant books and records of the SECC to verify the gross billings list. Such audits will not be conducted more frequently than once a month. All invoices and records shall be maintained for a
minimum of two years.

	7.
	DEFAULT:
The occurrence of any of the following shall be considered an "Event of Default":

	1.
	The
SECC shall fail to pay in full and when due any license fee required hereunder;

	2.
	The
SECC shall fail to provide evidence of insurance as required by Paragraph 8;

	3.
	The
SECC shall fail to obtain or pay for any and all necessary permits and licenses, or be found in violation of any building or electrical code;

	4.
	Any
other default or breach of any covenant or agreement contained herein;

	5.
	The
SECC shall make an assignment for the benefit of creditors or shall file a voluntary petition in bankruptcy or shall be adjudicated bankrupt or insolvent, or shall file any
petition or answer seeking any reorganization, arrangement, composition, re-adjustment, liquidation, dissolution or similar relief for itself under any present or future Federal, State or other
statute, law or regulation for the relief of debtors, or shall seek or consent to or acquiesce in the appointment of any trustee, receiver or liquidator of SECC or of all or any substantial part of
its properties, or shall admit in writing its inability to pay its debts generally as they become due;

	6.
	A
petition shall be filed against the SECC in bankruptcy or under any other law seeking any reorganization, arrangement, composition, re-adjustment, liquidation, dissolution, or
similar relief. 

        If
a default occurs under subparagraphs A through F above, and such default continues for fifteen (15) days after notice of default from the Venetian, then, at the Venetian's option,
this Agreement shall terminate. In either event, such termination shall in no way effect the SECC's continuing liability for license fee payments due prior to the date of termination. 

2

 

	8.
	INSURANCE

	(A)
	Thirty
(30) days prior to the provision of "Said Services" pursuant to this Agreement, the SECC shall provide and keep in force the following insurance in addition to any other
insurance the Venetian may deem necessary or desirable:

	(i)
	Worker's
compensation insurance in accordance with Nevada Law covering Licensees' employees.

	(ii)
	Employer's
Liability insurance for Nevada operations in an amount of One Million Dollars ($1,000,000) per occurrence.

	(iii)
	Commercial
General Liability insurance including products and completed operations, blanket contractual liability and personal injury coverage with limits of Liability
of Five Million Dollars ($5,000,000) in any one occurrence naming SECC and Owner, their directors, officers, and employees, as additional insures. 

        All
insurance required shall be issued by companies Authorized to do business in the State of Nevada and reasonably acceptable to the Venetian. The SECC shall deliver to the Venetian at
least thirty (15) days prior to the first day in which services are to be provided hereunder, a Certificate of Insurance and/or separate certificates for Nevada's Workers Compensation. All required
insurance policies shall provide that (i) the insurance carrier shall give written notice by certified mail, return receipt requested, to the Venetian at least thirty (15) days prior to any
material change in, or cancellation or non-renewal of the policy. Failure to provide such certificates or policies within the period specified shall constitute a breach by SECC of its obligations
under this Agreement. 

	(B)
	The
SECC shall obtain and maintain insurance policies on all personal property owned, leased, or hired by the SECC during the term of the Agreement. Such policies shall provide
replacement cost coverage for "all risks", including earthquake, flood, fire and theft, subject to reasonable deductibles.

	9.
	INDEMNIFICATION
AND HOLD HARMLESS AGREEMENT: The SECC hereby releases and discharges and indemnifies and agrees to keep indemnified, defend, protect and save harmless, the Venetian and
Owner from any and all claims, demands, liabilities, damages, costs, losses and expenses (including reasonable attorneys' fees) for any injury to person, including death (whether they be third persons
or employees of the Venetian, Owner, SECC or any third party) caused by, growing out of, or happening in connection with the provision of services by the SECC pursuant to this License Agreement or by
any person or legal entity with the permission (express or implied) of the SECC. Such indemnification by the SECC shall apply unless such damage, injury or loss results from the negligence or willful
misconduct of the Venetian, Owner, or their employees.

	10.
	WAIVER
OF SUBROGATION: The SECC and the Venetian hereby waive any and all claims which either may have against the other for loss or damage to the extent of any insurance proceeds
received on account of such loss or damage, and each party shall notify its insurer of the existence of this waiver provision.

	11.
	RULES
AND REGULATIONS: The Rules and Regulations of the SECC are hereby incorporated into this Agreement by reference. Copies of such Rules and Regulations have been provided to the
Venetian and the Venetian hereby acknowledges receipt thereof. The Venetian reserves the right to change such Rules and Regulations in writing from time to time and will provide the SECC with such
changed Rules and Regulations. If there is at any time a conflict between the provisions of this Agreement and the Rules and Regulations, the provisions of this Agreement shall control.

	12.
	WAIVER:
The failure of either party hereto at any time or times to require performance Of any provisions hereof shall in no manner affect its right at a later time to enforce the same
provision. 

3

 

Any
waiver by any party of the breach of any provision contained in this Agreement in any one or more instances shall not be deemed to be a waiver of any other breach of the same provision or any
other provision contained herein. 

	13.
	NOTICE:
Any notices or other communications required or permitted hereunder shall be sufficiently given if delivered by a customary overnight delivery service or if sent by certified
or registered mail, postage prepaid, to the Venetian or the SECC, as the case may be, at the address set forth on Page 1 of this Agreement or to such other address as any party shall provide to
the other party from time to time.

	14.
	ENTIRE
AGREEMENT: This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all proposals, negotiations and
understandings of any nature whatsoever. This Agreement may be changed or amended only by a written instrument duly signed by all of the parties hereto. The Venetian and SECC acknowledge that this
"Said Services" Agreement is one of several agreements between them concerning the provision of services to the Venetian, and it is agreed that this Agreement is independent of any other agreement
which may exist now or in the future between the SECC and the Venetian or any other affiliated entity.

	15.
	BINDING
EFFECT: This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors and assigns.

	16.
	GOVERNING
LAW: This Agreement shall be governed and construed in accordance with the laws of the State of Nevada applicable to contracts made and to be performed wholly within such
State. 

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

	INTERFACE GROUP - NEVADA, INC dba

SANDS EXPO & CONVENTION CENTER	 	

VENETIAN CASINO RESORT, LLC
	

By:	
 	

/s/  HARRY MILTENBERGER      
	
 	

By:	
 	

/s/  HARRY MILTENBERGER      

	

Title:	
 	

Secretary
	
 	

Title:	
 	

Secretary

4

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