Document:

Amendment No. 6 to Second Amended and Restated Credit Agreement

 Exhibit 10.15 
 AMENDMENT NO. 6 
 TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
 This Amendment No. 6 to Second Amended and Restated Credit Agreement dated as of January 28, 2009 (the “Amendment”) is executed by
and among Circus and Eldorado Joint Venture, a Nevada general partnership (“Borrower”), Bank of America, N.A., as Administrative Agent and the sole Lender party to that certain Second Amended and Restated Credit Agreement dated as of
March 5, 2002 (as amended, modified or supplemented prior to the date hereof, the “Credit Agreement”) among Borrower, the Lenders referred to therein and Administrative Agent. Capitalized terms used but not defined herein are used
with the meanings set forth for those terms in the Credit Agreement. 
 RECITALS 
 A. The Obligations under the Credit Agreement are scheduled to mature on March 30, 2009. 
 B. Borrower has requested that the Lenders extend the Credit Agreement maturity date to March 30, 2010, and otherwise amend the Credit Agreement on
the terms set forth below. 
 C. The Lenders are willing to extend the maturity date of the Credit Agreement and to otherwise amend the
Credit Agreement, in each case on the terms and conditions set forth herein. 
 AGREEMENT 
 NOW, THEREFORE, Borrower and the Administrative Agent, with the consent of the undersigned Lender and Issuing Lender, hereby agree as follows:

 1. Extension. The parties hereto hereby amend the definition of “Maturity Date” set forth in Section 1.1 of the
Credit Agreement in its entirety to read in full as follows: 
 “Maturity Date” means March 30, 2010. 
 2. EBITDA. The parties hereto hereby amend the definition of “EBITDA set forth in Section 1.1 of the Credit Agreement in its entirety to read
in full as follows: 
 “EBITDA” means, for any period, Net Income for such period plus, to the extent such items were
subtracted in the determination of Net Income, the sum of the amounts for such period of (i) Interest Expense, (ii) provisions for taxes based on income, (iii) total depreciation expense, (iv) total amortization expense,
(v) Pre-Opening Expenses, (vi) non-recurring or extraordinary losses and (vii) other non-cash items reducing Net Income less, to the extent such items were added in the determination of Net Income, the sum of the amounts for
such period of (x) non-recurring or extraordinary gains and (y) non-cash items 

  

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increasing Net Income, including, without limitation, any income from any purchase of outstanding Mortgage Notes by Section 7.16, all of the foregoing
as determined for Borrower and its Subsidiaries in conformity with GAAP. 
 3. Prepayments of Mortgage Notes. The parties hereto
hereby amend Section 7.16 of the Credit Agreement in its entirety to read in full as follows: 
 7.16 Prepayments of Mortgage
Notes. Borrower shall not make any payment of principal or interest in respect of the Mortgage Notes prior to the date when due, unless the following conditions precedent are satisfied: 
 (a) the Borrower shall have delivered a certificate to the Administrative Agent demonstrating that, after giving pro forma effect to the proposed
prepayment of the Mortgage Notes, Borrower will be in compliance with the covenants set forth in Section 7.6 of the Credit Agreement; 
 (b) no Default or Event of Default shall have occurred and be continuing at the time of such prepayment or would result from such prepayment; and 
 (c) no Obligations under the Revolving Commitment (other than contingent obligations in respect of Letters of Credit) shall be outstanding immediately prior to, on or immediately after the date of such prepayment.

 Notwithstanding the foregoing the Borrower shall be permitted to spend up to $20,000,000 to purchase the outstanding Mortgage Notes or any
outstanding portion of the Mortgage Notes, provided that the proceeds of any Revolving Loans may not be used for such purpose. 
 4.
Conditions Precedent. As conditions precedent to the effectiveness hereof, the Administrative Agent shall have received: 
 a) A counterpart of this Amendment executed by Borrower and the Lender; 
 b) A written consent of guarantor in the
form attached hereto as Exhibit A executed by Silver Legacy Capital Corp., a Nevada corporation; 
 c) A written consent of
pledgors in the form attached hereto as Exhibit B executed by Galleon, Inc., a Nevada corporation, and Eldorado Limited Liability Company, a Nevada limited liability company; 
  

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 d) A counterpart of the Third Modification of Second Amended and Restated Construction
Deed of Trust, Fixture Filing and Security Agreement with Assignment of Rents, substantially in the form of Exhibit C attached hereto, executed by Borrower and properly notarized; 
 e) A counterpart of the Second Modification of Second Amended and Restated Assignment of Rents and Revenues, substantially in the form of
Exhibit D attached hereto, executed by Borrower and properly notarized; 
 f) A commitment from First American Title Insurance
Company, in form and substance acceptable to the Administrative Agent, to issue a CLTA Form Endorsement 110.5 to the Title Policy; and 
 g) An extension fee for the benefit of the sole Lender in an amount equal to $10,000, which fee shall be fully-earned, due and payable concurrently with the effectiveness of this Amendment, shall be non-refundable for
any reason whatsoever, and shall be in addition to any other fee, cost or expense payable pursuant to any other Loan Document. 
 5. Fees
and Expenses. Borrower agrees that it shall reimburse the Administrative Agent and the Lenders for the Administrative Agent’s reasonable costs and expenses (including reasonable attorney’s fees and expenses) incurred in connection with
the negotiation and drafting of this Amendment and the transactions contemplated hereby. 
 6. Confirmation. In all other respects,
the Credit Agreement and the other Loan Documents are hereby confirmed. 
 7. Counterparts. This Amendment may be executed in any
number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument. 
 [Signature
Page Follows] 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first written above by
their duly authorized representatives. 
  

			
	 CIRCUS AND ELDORADO JOINT VENTURE,
 a Nevada
general partnership

		
	By:	 	/s/ Stephanie Lepori
	Name: 	 	Stephanie Lepori
	Title:	 	Chief Financial Officer
	
	 BANK OF AMERICA, N.A.,
 as Administrative
Agent

		
	By:	 	/s/ Justin Lien
	Name: 	 	Justin Lien
	Title:	 	Senior Vice President
	
	 BANK OF AMERICA, N.A.,
 as sole Lender and
Issuing Lender

		
	By:	 	/s/ Justin Lien
	Name: 	 	Justin Lien
	Title:	 	Senior Vice President

  

 -4- 

 EXHIBIT A 
 CONSENT OF GUARANTOR 
 This Consent of Guarantor (“Consent”) is delivered with reference to
the Second Amended and Restated Credit Agreement dated as of March 5, 2002, among Circus and Eldorado Joint Venture, a Nevada general partnership (“Borrower”), the Lenders referred to therein and Bank of America, N.A., as
Administrative Agent (as amended, modified or supplemented prior to the date hereof, the “Credit Agreement). Capitalized terms used but not defined herein are used with the meanings set forth for those terms in the Credit Agreement. 

The undersigned (“Guarantor”) hereby (i) consents to the execution, delivery and performance of the proposed Amendment No. 6 to
Second Amended and Restated Credit Agreement, substantially in the form provided to the undersigned as a draft, and (ii) agrees that nothing contained therein shall diminish, alter, amend or otherwise affect any of Guarantor’s obligations
under (a) the Guaranty dated as of March 5, 2002, executed by the Guarantor in favor of the Administrative Agent and Lenders, (b) the Guarantor Security Agreement dated as of March 5, 2002, executed by the Guarantor in favor of
the Administrative Agent, (c) the Environmental Indemnity executed by the Borrower and Guarantor in favor of the Administrative Agent and the Lenders and (d) each other Loan Document executed by the Guarantor in favor of the Administrative
Agent. Guarantor further ratifies and confirms that the Loan Documents to which it is a party shall continue in full force and effect and agrees that Guarantor shall continue to be liable under the Loan Documents to which it is a party in accordance
with the terms thereof. Guarantor represents and warrants that it has no defense, counterclaim or offset right whatsoever with respect to its obligations under the Loan Documents to which it is a party and acknowledges that the execution of this
Consent is not necessary for the continued validity and enforceability of the Loan Documents to which it is a party. 
 Dated as of January 28, 2009.

  

			
	 SILVER LEGACY CAPITAL CORP.,
 a Nevada
corporation

		
	By:	 	/s/ Stephanie Lepori
	Name: 	 	Stephanie Lepori
	Title:	 	Treasurer, Chief Financial and Accounting Officer

  

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 EXHIBIT B 
 CONSENT OF PLEDGORS 
 This Consent of Pledgors (“Consent”) is delivered with reference to
the Second Amended and Restated Credit Agreement dated as of March 5, 2002, among Circus and Eldorado Joint Venture, a Nevada general partnership (“Borrower”), the Lenders referred to therein and Bank of America, N.A., as
Administrative Agent (as amended, modified or supplemented prior to the date hereof, the “Credit Agreement). Capitalized terms used but not defined herein are used with the meanings set forth for those terms in the Credit Agreement. 

Each of the undersigned (each a “Pledgor”) hereby (i) consents to the execution, delivery and performance of the proposed Amendment
No. 6 to Second Amended and Restated Credit Agreement, substantially in the form provided to the undersigned as a draft, and (ii) agrees that nothing contained therein shall diminish, alter, amend or otherwise affect any of Pledgor’s
obligations under (a) the Pledge Agreement dated as of September 4, 2002, executed by the Peldgors in favor of the Administrative Agent and the Lenders, and (b) each other Loan Document executed by Pledgor in favor of the
Administrative Agent and the Lenders. Each Pledgor further ratifies and confirms that the Loan Documents to which it is a party shall continue in full force and effect and agrees that it shall continue to be liable under the Loan Documents to which
it is a party in accordance with the terms thereof. Each Pledgor represents and warrants that it has no defense, counterclaim or offset right whatsoever with respect to its obligations under the Loan Documents to which it is a party and acknowledges
that the execution of this Consent is not necessary for the continued validity and enforceability of the Loan Documents to which it is a party. 
 Dated as
of January 28, 2009. 
  

			
	 GALLEON, INC.,
 a Nevada
corporation

		
	By:	 	/s/ John M. McManus
	Name: 	 	John M. McManus
	Title:	 	Assistant Secretary
	
	 ELDORADO LIMITED LIABILITY COMPANY,
 a Nevada
limited liability company

		
	By:	 	/s/ Gary Carano
	Name: 	 	Gary Carano
	Title:	 	President

  

 -1-Second Modification of Second Amended and Restated Assignment

 Exhibit 10.16 
 RECORDING REQUESTED BY AND 
 WHEN RECORDED, RETURN TO: 
 SHEPPARD, MULLIN, RICHTER & HAMPTON LLP 
 333 South Hope Street, 48th Floor 
 Los Angeles, California 90071 
 Attention: Shane L. Noworatzky, Esq. 
 SECOND MODIFICATION OF SECOND AMENDED AND RESTATED 
 ASSIGNMENT OF RENTS AND
REVENUES 
 This Second Modification of Second Amended and Restated Assignment of Rents and Revenues (the “Modification”) is
made as of January 28, 2009, among CIRCUS AND ELDORADO JOINT VENTURE, a Nevada general partnership (“Assignor”), and BANK OF AMERICA, N.A., as Administrative Agent for the Lenders referred to below (“Beneficiary”). 
 RECITALS 
 A. Assignor has entered
into that certain Second Amended and Restated Credit Agreement dated as of March 5, 2002 (as amended, modified or supplemented prior to the date hereof, the “Credit Agreement”) among Assignor, the Lenders referred to therein and
Beneficiary, pursuant to which Lenders have agreed to extend certain credit facilities to Assignor. Capitalized terms used but not defined herein are used with the meanings set forth for those terms in the Credit Agreement. 
 B. Certain obligations of Assignor to Beneficiary are secured by that certain Second Amended and Restated Assignment of Rents and Revenues dated as of
February 26, 2002, by Assignor in favor of Beneficiary and recorded as Instrument No. 2660291 on March 5, 2002, in the Official Records of the Washoe County Recorder in Washoe County, Nevada (as amended, assigned, supplemented, or
restated from time to time, the “Assignment of Rents”), which Assignment of Rents encumbers that real and personal property more particularly described in Exhibit “A” attached hereto. 
 C. Assignor and Beneficiary have agreed to modify the Credit Agreement as provided for in an Amendment No. 6 to Second Amended and Restated Credit
Agreement of even date herewith (the “Amendment”). 
  

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 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
acknowledged, the parties hereto agree as follows: 
 AGREEMENT 
 1. The Amendment is incorporated in this Modification by this reference, as though the same were set forth herein in full. 
 2. The Credit Agreement is amended on the terms and subject to the conditions of the Amendment, which provides for, among other things, (a) an
extension of the Maturity Date under the Credit Agreement, and (b) a modification to the permitted prepayment of indebtedness covenant. 
 3. The Assignment of Rents is modified to secure payment and performance of the Credit Agreement as amended to date, in addition to all other obligations secured thereby. 
 4. The real property and the whole thereof described in the Assignment of Rents and in Exhibit “A” attached hereto shall remain
subject to the lien, charge or encumbrance of the Assignment of Rents and nothing herein contained or done pursuant hereto shall affect or be construed to affect the liens, charges or encumbrances of the Assignment of Rents, or the priority thereof
over other liens, charges or encumbrances, or to release or affect the liability of any party or parties who may now or hereafter be liable under or on account of the Credit Agreement, any related documents and/or the Assignment of Rents.

 5. All terms and conditions of the Assignment of Rents not expressly modified herein remain in full force and effect, without waiver or
amendment. This Modification and the Assignment of Rents shall be read together, as one document. 
 6. This Modification may be executed in
counterparts. 
 [signature page follows] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Modification to be duly executed as of the date
first set forth above. 
  

									
	“Assignor”	 		 	“Beneficiary”
			
	 CIRCUS AND ELDORADO JOINT VENTURE,
 a Nevada
general partnership
	 		 	 BANK OF AMERICA, N.A.,
 as Administrative
Agent

					
	By:	 	/s/ Stephanie Lepori	 		 	By:	 	/s/ Justin Lien
			
	Stephanie Lepori, CFO	 		 	Justin Lien, Senior Vice President
	[Printed Name and Title]	 		 	[Printed Name and Title]

 [ALL SIGNATURES MUST BE ACKNOWLEDGED.] 
  

					
		  	-3-	  	Signature Pages

 ACKNOWLEDGEMENT 
 (ASSIGNOR) 
 STATE OF NEVADA 
 COUNTY OF WASHOE 
 This instrument was acknowledged before me on January 26, 2009 by Stephanie Lepori as CFO of Circus and Eldorado Joint Venture.

  

	
	
	Tori R. Johnson
	Notary Public

 (Seal) 
  

					
		  	-4-	  	Signature Pages

 ACKNOWLEDGEMENT 
 (BENEFICIARY) 
 STATE OF TEXAS 
 COUNTY OF DALLAS 
 This instrument was acknowledged before me on January 26, 2009 by Justin Lien as Senior Vice President of Bank of America, N.A.

  

	
	
	/s/ Doris E. Boone
	Notary Public

 (Seal) 
  

					
		  	-5-	  	Signature Pages

 EXHIBIT “A” 
 LEGAL DESCRIPTION OF PROPERTY 
 THE LAND REFERRED TO HEREIN IS SITUATED IN THE COUNTY OF WASHOE,
STATE OF NEVADA, AND IS DESCRIBED AS FOLLOWS: 
 PARCEL 1: 
 Beginning at the intersection of the Southern line of West Fifth Street with the Western line of North Virginia Street; thence Southerly along said Western line of North Virginia Street, 88.00 feet; thence Westerly
parallel with the Northern line of West Fourth Street 140.00 feet to the Eastern line of alley; thence Northerly along the last mentioned line 88.00 feet to said Southern line of West Fifth Street; thence Easterly along said Southern line of West
Fifth Street, 140.00 feet to the point of beginning. 
 PARCEL 2: 
 Beginning at the intersection of the West line of North Virginia Street with the North line of Lot 10 in Block “B” of ORIGINAL TOWN, NOW CITY OF RENO, according to the map thereof, filed in the office of the
County Recorder of Washoe County, State of Nevada, on June 27, 1871; thence Northerly along the Westerly line of North Virginia Street, 12 feet, more or less, to the Southeast corner of the parcel of land described in the deed to Ivanhoe
Corporation of record in Book 453, File No. 278019, Deed Records; thence Westerly along the Southern line of said Ivanhoe Corporation parcel 140 feet to the Easterly line of an alley; thence Southerly along the last mentioned line, 12 feet,
more or less, to the Northwest corner of said Lot 10; thence Easterly to the point of beginning. 
 PARCEL 3: 
 Lots 10, 11, 12 and the North 13 feet of Lot 13 in Block “B” of ORIGINAL TOWN, NOW CITY OF RENO, according to the map thereof, filed in the
office of the County Recorder of Washoe County, State of Nevada, on June 27, 1871. 
 PARCEL 4: 
 The Northerly 9.25 feet of Lot 3 and all of Lots 4, 5, 6, 7 and 8 in Block “B” of ORIGINAL TOWN, NOW CITY OF RENO, according to the map thereof,
filed in the office of the County Recorder of Washoe County, State of Nevada, on June 27, 1871. 
  

					
		  	-1-	  	Legal Description

 ALSO a parcel of land bounded on the South by the Southern line of the 40 foot alley as laid out on the
map of the Town, now City of Reno, in said Block “B”, bounded on the West by the Eastern line of North Sierra Street, bounded on the North by the Southern line of West Fifth Street and bounded on the East by the Western line of the 20 foot
alley running Northerly and Southerly through said Block “B”. 
 PARCEL 5: 
 The South 37 feet of Lot 13 in Block “B” of the “ORIGINAL TOWN, NOW CITY OF RENO”, according to the official map thereof, filed in the
office of the County Recorder of Washoe County, State of Nevada, on June 27, 1871. 
 PARCEL 6: 
 Lot 14 in Block B of ORIGINAL TOWN, NOW CITY OF RENO, according to the map thereof, filed in the office of the County Recorder of Washoe County, State of
Nevada, on June 27, 1871. 
 PARCEL 7: 
 The West forty (40) feet of Lot Fifteen (15) in Block “B” fronting forty (40) feet on the North line of Fourth Street, as designated on the official map of said City of Reno, Nevada, on file and of record in the
office of the County Recorder in and for the said County of Washoe; the property hereby conveyed being the same property described in a Deed from May J. A. Nadon and others to Dale V. Clanton, dated November 18, 1920, and filed for record on
the 29th day of November, 1920, in the office of the County Recorder in and for the County of Washoe, and therein recorded in Book 56 of Deeds, at Page 440. 
 PARCEL 8: 
 The East 100 feet of Lot 15 in Block B of original town, now City of Reno, according to the map thereof, filed in
the office of the County Recorder of Washoe County, State of Nevada, on June 27, 1871. 
 PARCEL 9: 
 All of Lots 1 and 2, and the South 40.75 feet of Lot 3 in Block B of the ORIGINAL TOWN, NOW CITY OF RENO, according to the map thereof, filed in the
office of the County Recorder of Washoe County, State of Nevada, on June 27, 1871. 
 PARCEL 10: 
 The South 20 feet of Lot 10, and all of Lots 11, 12, 13, 14, 15 and 16, in Block A, of ORIGINAL TOWN, NOW CITY OF RENO, according to the map thereof,
filed in the office of the County Recorder of Washoe County, State of Nevada, on June 27, 1871. 
  

					
		  	-2-	  	Legal Description

 TOGETHER WITH the East 1/2 of the North-South alley running through said Block A, immediately adjoining
Lots 11, 12, 13, 14, 15 and 16 on the West, and more particularly described in those certain Orders of Abandonment recorded January 19, 1977 in Book 1044, Page 521 as Document No. 445058, and recorded November 14, 1985 in Book 2251,
Page 933 as Document No. 1034253 of Official Records. 
 PARCEL 11: 
 The East 78 feet of Lot 9 and the East 78 feet of the North 30 feet of Lot 10 in Block A of the ORIGINAL TOWN, NOW CITY OF RENO, according to the Official Map thereof, filed in the office of the County Recorder of
Washoe County, State of Nevada, on June 27, 1871. 
 Together with that portion of the vacated alley lying Southerly of the Southerly
line of West Fifth Street and Westerly of the Westerly line of North Sierra Street adjoining said Lot 9 at its most Northeasterly corner. 
 PARCEL 12:

 A portion of the Southwest 1/4 of the Northeast 1/4 of Section 11, Township 19 North, Range 19 East, M.D.B&M., lying and being
in the City of Reno, County of Washoe, State of Nevada, and more particularly described as follows: 
 The Westerly 74 feet of Lot 9 and the
Westerly 74 feet of the North 30 feet of Lot 10, all in Block A of the ORIGINAL TOWN, NOW CITY OF RENO, according to the official map thereof, filed in the office of the County Recorder of Washoe County, State of Nevada, on June 27, 1871.

 PARCEL 13: 
 BEGINNING at the Northeast
corner of Lot 8, Block A, as shown on the official plat of the town, now City of Reno, Nevada, filed in the office of the County Recorder of Washoe County, Nevada, on June 27, 1871; thence Southerly along the Easterly lines of Lots 8 and 7 of
said Block A to the Southeast corner of Lot 7; thence Westerly along the Southerly line of Lot 7 and the Southerly line of Lot 7 projected to its intersection with the Easterly line of West Street; thence Northerly along the Easterly line of West
Street to the Southerly line of West Fifth Street; thence Easterly along the Southerly line of West Fifth Street to the point of beginning. 
  

					
		  	-3-	  	Legal Description

 PARCEL 14: 
 Lots 1, 2, 3, 4, 5, 6, in Block A, of ORIGINAL TOWN, NOW CITY OF RENO, according to the map thereof, filed in the office of the County Recorder of Washoe County, State of Nevada, on June 27, 1871, together with that parcel immediately
adjoining Lots 5 and 6 on the West, that is more particularly described as follows: 
 BEGINNING at the Northeasterly corner of Lot 6, in
Block A of ORIGINAL TOWN, NOW CITY OF RENO, according to the map thereof, filed in the office of the County Recorder of Washoe County, State of Nevada, on June 27, 1871; thence Southerly along the Easterly line of said Lots 5 and 6, in Block A,
100 feet to the Southeasterly corner thereof; thence Westerly along the Southerly line of said Lot 5 and the Southerly line of Lot 5 extended Westerly to the Easterly line of West Street, as now located in the City of Reno, a distance of 140 feet;
thence Northerly along the Easterly line of West Street 100 feet to a point which would be intersected by a line extended Westerly from the Northeasterly corner of said Lot 6 and along the Northerly line of said Lot 6; thence Easterly and along said
line and the Northerly line of said Lot 6, a distance of 140 feet to the Northeasterly corner of said Lot 6, the point of beginning; said premises being Lots 5 and 6 in Block A of the TOWN OF RENO, according to the map above mentioned, and that
portion of the 40 foot alley around the Town of Reno, according to the map above mentioned, lying Westerly of Lots 5 and 6 and East of the East line of West Street, as now located and between the Northerly and Southerly line of said Lots 5 and 6 if
said lines were extended Westerly to the Easterly line of West Street as now located. 
 TOGETHER WITH the West one-half of the North-South
alley running through said Block A, immediately adjoining said LOTS 1, 2, 3, 4, 5 and 6 on the East, and more particularly described in those certain Orders of Abandonment recorded January 19, 1977 in Book 1044, Page 521 as Document
No. 445058, and recorded on November 14, 1985 in Book 2251, Page 533 as Document No. 1034253, Official Records, Washoe County, State of Nevada. 
 PARCEL 15: 
 All that certain 20.0 ft. wide alley connecting West Fourth Street with West Fifth Street, Reno, Nevada, lying
within Block B of the original Town, now City of Reno, according to the map thereof, filed in the Office of the Washoe County Recorder on June 27, 1871, and within Block B of the Evans North Addition, according to the map thereof, filed in the
office of the Washoe County Recorder on December 16, 1879. 
 PARCEL 16: 
 All that certain 20.0 ft. wide alley lying between Lots 7, 8, 9 and 10 of Block A of the Original Town, now City of Reno, according to the map thereof,
filed in the office of the Washoe County Recorder on June 27, 1871. 
  

					
		  	-4-	  	Legal Description

 PARCEL 17: (Air Rights Only) 
 All that certain piece or parcel of land located within a portion of the Northeast 1/4 of Section 11, Township 19 North, Range 19 East, M.D.B.&M. more particularly described as follows: 
 That certain air space located above Sierra Street commencing at an elevation of 4,521 and extending vertically 32 feet to an elevation of 4,553 feet,
which height is measured from the finished floor elevation of the Silver Legacy Casino at 4,503 feet, and located directly over that certain parcel of real property described as follows: 
 Commencing at the Southwest corner of Block B Reno Townsite as shown on Record-of-Survey 2665, recorded January 27, 1994, 
 thence North 13°48'48" West 97.13 feet to the True Point of Beginning 
 thence North 13°48'48" West 223.17 feet 
 thence South 76°11'12" West 80.00 feet 
 thence South 13°48'48" East 223.17 feet 
 thence North 76°11'12" East 80.00 feet to the True Point of Beginning 
 PARCEL 18: (Subterranean Rights Only) 
 All that certain piece or parcel of land located within a portion of the Northeast 1/4 of Section 11, Township 19 North, Range 19 East, M.D.B.&M.
more particularly described as follows: 
 That certain subterranean space located beneath Sierra Street commencing at an elevation of 4,480
and extending vertically 20 feet to an elevation of 4,500 feet, which height is measured from the finished floor elevation of the Silver Legacy Casino at 4,503 feet, and located directly below that certain parcel of real property described as
follows: 
 Commencing at the Southwest corner of Block B Reno Townsite as shown on Record-of -Survey 2665, recorded January 27, 1994,

 thence North 13°48'48" West 181.05 feet to the True Point of Beginning 
 thence North 13°48'48" West 24.33 feet 
 thence South 76°11'12" West 80.00 feet 
 thence South 13°48'48" East 24.33 feet 
 thence North 76°11'12" East 80.00 feet to the True Point of Beginning 
  

					
		  	-5-	  	Legal Description

 EXCEPTING THEREFROM the above Parcels 1 through 18, all those certain parcels as conveyed to THE CITY OF
RENO, a Nevada municipal corporation, by Deed of Dedication recorded March 9, 1995 in Book 4259, Page 956 as Document No. 1876631 of Official Records, and as amended by Deed of Dedication recorded May 5, 1995 in Book 4297, Page 667 as
Document No. 1891266 of Official Records. 
 Part II: 
 PARCEL 19: 
 Together with the reciprocal easement rights, as contained in those certain Bridge Easements dated May 25,
1995 by and between CIRCUS AND ELDORADO JOINT VENTURE, a Nevada general partnership and CIRCUS CIRCUS CASINO, INC., a Nevada corporation and ELDORADO HOTEL ASSOCIATES LIMITED PARTNERSHIP, a Nevada limited partnership, recorded May 31, 1995 as
Document Numbers 1897109 and 1897108 of Official Records, Washoe County, Nevada. 
 NOTE: The above metes and bounds description appeared previously in that
certain document recorded October 26, 1994, in Book 4179, Page 844, as Instrument No. 1844158 
  

					
		  	-6-	  	Legal Description

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