Document:

DEMAND
PROMISSORY NOTE

 

$500,000.00

 

For
Value Received, Marina Biotech, Inc., a Delaware corporation (the “Borrower”), hereby promises to pay to the
order of Autotelic Inc., a Delaware corporation (the “Lender”), at 940 South Coast Drive, Suite 100,
Costa Mesa, CA 92626, the lesser of (x) the principal sum of Five Hundred Thousand Dollars ($500,000.00) and (y) the aggregate
unpaid principal amount of all advances (the “Advances”) made by the Lender to the Borrower pursuant to an
irrevocable notice by Borrower to Lender specifying the amount to be borrowed and the requested borrowing date (which aggregate
unpaid principal amount shall be equal to the amount duly endorsed and set forth opposite the date last appearing on Schedule
A attached to this Note). Advances hereunder shall be payable ON DEMAND. All payments under this Note shall be made in lawful
money of the United States of America and in immediately available funds.

 

Advances
hereunder shall bear interest at the annual rate per annum of Five Per Cent (5%), calculated on the actual number of days elapsed
in a year composed of twelve 30 day months (the “Interest Rate”) from the date of such Advance until payment
in full. Payment of interest shall be made ON DEMAND. Any Advance hereunder which shall not be paid when demanded shall bear interest
for each day thereafter at a rate per annum equal to the Interest Rate plus two percent (2%). In no case shall interest on this
Note exceed the maximum amount which the Lender may charge or collect under applicable law.

 

The
Borrower hereby authorizes the Lender to accept telephonic instructions from a duly authorized representative of the Borrower
to make an Advance or receive a payment hereunder and authorizes the Lender to endorse the amount of all Advances made hereunder
and all principal payments received hereunder on Schedule A hereto. Each such endorsement shall constitute prima
facie evidence of the accuracy of the information endorsed. The failure to make any such endorsement shall not affect the
obligations of the Borrower in respect of such Advance.

 

This
Note is the promissory note referred to in the Line Letter, dated as of the date hereof (as amended, supplemented or otherwise
modified from time to time, the “Line Letter”), between the Borrower and the Lender, and is subject to the
provisions of the Line Letter. This Note may be prepaid in whole or in part at the discretion of the Borrower. Unless otherwise
defined herein, terms defined in the Line Letter and used herein shall have the meanings given to them in the Line Letter.

 

NOTWITHSTANDING
ANY OTHER PROVISION IN THIS NOTE OR THE LINE LETTER, OR IN ANY OTHER INSTRUMENT OR DOCUMENT DELIVERED OR ENTERED INTO BY THE LENDER,
ALL ADVANCES MADE BY THE LENDER SHALL BE PAYABLE ON WRITTEN DEMAND BY THE LENDER UPON THIRTY DAYS’ NOTICE, PROVIDED IF A
DEFAULT EXISTS HEREUNDER NO SUCH NOTICE IS REQUIRED. THE LENDER SHALL HAVE THE RIGHT TO TERMINATE THE LINE AND/OR REFUSE TO MAKE
ANY REQUESTED ADVANCE AT ANY TIME FOR ANY REASON, WITHOUT, IN ANY SUCH CASE, ANY PRIOR NOTICE WHATSOEVER TO ANY PERSON, INCLUDING
WITHOUT LIMITATION THE BORROWER. 

 

    	 	1	 

     

    

 

THE
BORROWER WAIVES THE RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING ARISING OUT OF, BASED UPON, OR IN ANY WAY CONNECTED TO
THIS NOTE.

 

All
parties now and hereafter liable with respect to this Note, whether maker principal surety, guarantor, endorser or otherwise,
hereby waive presentment, demand, protest and all other notices of any kind.

 

The
provisions of this Note shall be construed and interpreted and all rights and obligations hereunder determined in accordance with
the substantive laws of the State of New York.

 

	 	Marina
    Biotech, Inc.
	 	 	 
	 	By:	/s/
    Joseph W. Ramelli
	 	Name:	Joseph
    W. Ramelli
	 	Title:	Chief
    Executive Officer

 

    	 	2	 

     

    

 

Schedule
A to Note

 

LOANS
AND REPAYMENT OF LOANS

 

	DATE	 	AMOUNT
        OF

        LOAN
	 	AMOUNT
        OF

        PRINCIPAL

        OF
        LOANS

        REPAID
	 	UNPAID

        PRINCIPAL

        BALANCE
        OF

        LOANS
	 	NOTATION

        MADE
        BY

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

 

    	 	3Autotelic
Inc.

940
South Coast Drive, Suite 100

Costa
Mesa, CA 92626

 

April
4, 2017

 

Marina
Biotech, Inc.

17870
Castleton Street, Suite 250

City
of Industry, CA 91748

 

Re:
Line Letter

 

Dear
Sirs:

 

Autotelic
Inc. (the “Lender”), hereby offers to Marina Biotech, Inc., a Delaware corporation (the “Borrower”),
an unsecured line of credit (the “Line”) in an amount not to exceed $500,000 (such amount, the “Maximum
Amount”). The proceeds of all advances under the Line will be used for current operating expenses of the Borrower. At
the request of Lender, the Borrower shall inform the Lender of the intended use of proceeds of any advance under the Line.

 

The
Lender will respond promptly to any request for credit the Borrower may make. The Lender shall have the right at any time for
any reason in its sole and absolute discretion to terminate the Line or reduce the Maximum Amount without notice to the Borrower
or any other person. Notice of any such termination or reduction shall be effective immediately and shall permanently terminate
or reduce, as the case may be, the Maximum Amount then in effect. Notwithstanding the foregoing: (i) in the absence of a default
by Borrower hereunder, the Lender will not demand the repayment of any outstanding advance under the Line from the Borrower except
upon thirty business days’ notice; and (ii) Lender hereby agrees that it shall not demand the repayment of any advances
that have been made by the Lender to the Borrower hereunder prior to the earlier of: (x) the six (6) month anniversary of the
date of this letter; and (ii) the date on which the Borrower (A) makes a general assignment for the benefit of its creditors,
(B) applies for or consents to the appointment of a receiver, a custodian, a trustee or liquidator of all or a substantial part
of its assets or (z) ceases operations.

 

Any
credit which the Lender may extend will be on such terms and conditions and will bear interest at the rate stated in the promissory
note (as it may be amended, restated, supplemented or otherwise modified from time to time, the “Note”), substantially
in the form of Exhibit I attached hereto.

 

The
Lender will consider requests for advances under the Line until September 1, 2017, unless this discretionary line is earlier terminated
by the Borrower or the Lender. This line of credit is issued subject to the Lender in its sole discretion continuing to be satisfied
with the Borrower’s prospects, and the Borrower’s maintenance of a satisfactory relationship with the Lender.

 

    	 

    	 

    

 

This
letter is for the benefit of the Borrower only and is not to be shown to, or relied upon by, third parties. This letter constitutes
the entire understanding between the Borrower and the Lender on this subject and supersedes all prior discussions.

 

This
letter is the “Line Letter” referred to in the Note. This letter may be executed by one or more of the parties hereto
on any number of separate counterparts (including by facsimile transmission), and all of said counterparts taken together shall
be deemed to constitute one and the same instrument.

 

Please
acknowledge your understanding of the above by signing and returning the enclosed copy of this letter.

 

	 	Very truly yours,
	 	 
	 	Autotelic Inc.
	 	 	 
	 	By:	/s/
    Vuong Trieu
	 	Name:	Vuong
    Trieu
	 	Title:	Chairman

 

ACKNOWLEDGED
AND AGREED AS

OF
THE DATE FIRST ABOVE WRITTEN:

 

MARINA
BIOTECH, INC.

 

	By:	/s/
    Joseph W. Ramelli	 
	Name:	Joseph
    W. Ramelli	 
	Title:	Chief
    Executive Officer	 

 

    	 

    	 

    

 

EXHIBIT
I

 

Form
of NoteEX-10.1

 Exhibit 10.1 

Execution Version 

SECOND AMENDMENT TO CREDIT AGREEMENT 

This SECOND AMENDMENT TO CREDIT AGREEMENT (this “Second Amendment”), dated as of April 5, 2017 and effective as
of the Effective Date (as hereinafter defined), is made and entered into by and among STATION CASINOS LLC, a Nevada limited liability company (the “Borrower”), the other Station Parties (as hereinafter defined), each of the
Lenders (as hereinafter defined) party hereto, DEUTSCHE BANK AG CAYMAN ISLANDS BRANCH, as swingline lender under the Credit Agreement referred to below (in such capacity, the “Swingline Lender”), and DEUTSCHE BANK AG
CAYMAN ISLANDS BRANCH, as administrative agent under the Credit Agreement referred to below (in such capacity, the “Administrative Agent”). 

RECITALS 

A.    The Borrower and the Lenders party hereto are parties to that certain Credit Agreement, dated as of June 8,
2016 (as amended by that certain First Amendment to Credit Agreement, dated as of January 30, 2017, as modified by that certain Incremental Joinder Agreement, dated as of January 30, 2017 and as further amended, amended and restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among the Borrower, the subsidiaries of the Borrower party thereto as guarantors, the banks, financial institutions and other entities from time
to time party thereto as lenders (including the L/C Lenders and the Swingline Lender) (collectively, the “Lenders”), and the Administrative Agent and Deutsche Bank AG Cayman Islands Branch, as collateral agent. 

B.    In connection with the Credit Agreement, the Credit Parties, Holdco and RRR (collectively, the “Station
Parties”) executed various Credit Documents to guaranty and/or secure the obligations of the Borrower under the Credit Agreement. 

C.    The Borrower has requested that the Lenders party hereto agree to amend the Credit Agreement subject to, and in
accordance with, the terms and conditions set forth herein. 
 D.    Pursuant to Section 13.04(b)(A) of the Credit
Agreement, the Borrower may require any Revolving Lender or Term A Facility Lender that does not consent to this Second Amendment to assign all of its rights and obligations under the Credit Agreement with respect to all of such non-consenting Revolving Lender’s or Term A Facility Lender’s Term A Facility Loans, Revolving Loans and Revolving Commitments, as applicable, to one or more assignees. 

E.    The Lenders party hereto are willing to agree to enter into this Second Amendment, subject to the conditions and on
the terms set forth below. 
 AGREEMENT 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrower, each of the
other Station Parties and each of the Lenders party hereto agree as follows: 
 1.    Definitions. Except as
otherwise expressly provided herein, capitalized terms used in this Second Amendment (including in the Recitals above) shall have the meanings given in the Credit Agreement, and the rules of construction set forth in the Credit Agreement shall apply
to this Second Amendment. 
 2.    Amendments to Credit Agreement. 

 (a)    Section 1.01 of the Credit Agreement is hereby amended by amending and
restating the definition of “Applicable Fee Percentage” in its entirety as follows: 
 ““Applicable Fee
Percentage” shall mean: (a) with respect to Unutilized R/C Commitments in respect of Closing Date Revolving Commitments, 0.30% and (b) with respect to any Unutilized R/C Commitments in respect of any other Tranche of Revolving
Commitments, 0.50% (or the percentage per annum set forth in the applicable Incremental Joinder Agreement).” 

(b)    Section 1.01 of the Credit Agreement is hereby amended by amending the definition of “Tranche” by
inserting the following at the end thereof: 
 “Additionally, the Administrative Agent shall be permitted to establish separate sub-tranches of Loans and Commitments for administrative purposes for the sole purpose of determining the amount of interest and/or fees due on Loans or Commitments held by particular Lenders (including the sub-tranches of the Term A Facility Loans established pursuant to the Second Amendment); provided that any such separate sub-tranches shall constitute part of the same
Tranche from which it was derived for all other purposes under the Loan Documents, including the pro rata payment of interest, principal and other amounts.” 

(c)    Section 1.01 of the Credit Agreement is hereby amended by inserting the following new defined terms in appropriate
alphabetical order: 
 “Second Amendment” shall mean that certain Second Amendment to Credit Agreement, dated as of
April 5, 2017, by and among the Borrower, the other Station Parties party thereto, the Lenders party thereto and Deutsche Bank AG Cayman Islands Branch, as Swingline Lender and Administrative Agent. 

“Second Amendment Effective Date” shall mean the “Effective Date” as defined in the Second Amendment. 

“Unrestricted Cash” shall mean the aggregate amount of unrestricted cash and Cash Equivalents (in each case free and clear of
all Liens, other than Permitted Liens that (i) do not restrict the application of such cash and Cash Equivalents to the repayment of the Obligations or (ii) secure the Obligations) of Borrower and its Restricted Subsidiaries as at such
date not to exceed $400.0 million. 
 (d)    Section 10.08(a) of the Credit Agreement is hereby amended by adding
the following at the end thereof: 
 “For purposes of this Section 10.08(a), the Consolidated Total Leverage Ratio shall be calculated
by deducting the amount of Unrestricted Cash from clause (a) thereof; provided that the amount of Unrestricted Cash shall not be so deducted when determining compliance on a Pro Forma Basis with this Section 10.08(a) for purposes of
clause (a) of the definition of “Permitted Acquisition” or Sections 9.12(a)(iii), 9.12(b)(ii) or 10.01(n)(ii).” 

(e)    Annex B of the Credit Agreement is hereby amended and restated in its entirety as follows: 

  
 2 

 Applicable Fee Percentage and 

Applicable Margin for Revolving Loans, 

Swingline Loans and Term A Facility Loans 

(a)    With respect to (i) Revolving Loans, (ii) Swingline Loans and (iii) Term A Facility Loans that were
held on the Second Amendment Effective Date by Lenders that are party to the Second Amendment (the “Term A-2 Facility Loans”): 

 

																			
	 Pricing
Level
	  	 Consolidated Total Leverage Ratio
	  	Applicable Margin	 
	  	  	 Revolving Loans

and Swingline
Loans
	 	 	Term A-2 Facility
Loans	 
	  	  	LIBOR	 	 	ABR	 	 	LIBOR	 	 	ABR	 
	 Level I
	  	 Greater than 3.50 to 1.00
	  	 	2.00	% 	 	 	1.00	% 	 	 	2.00	% 	 	 	1.00	% 
	 Level II
	  	 Less than or equal to 3.50 to 1.00
	  	 	1.75	% 	 	 	0.75	% 	 	 	1.75	% 	 	 	0.75	% 

 For purposes of clause (a) of this Annex B, the Consolidated Total Leverage Ratio shall be calculated by deducting the
amount of Unrestricted Cash from clause (a) of the definition thereof. 
 (b)    With respect to any other Term A
Facility Loans (the “Term A-1 Facility Loans”): 
  

											
	 Pricing
Level
	  	 Consolidated Total Leverage Ratio
	  	Applicable Margin	 
	  	  	Term A-1 Facility Loans	 
	  	  	LIBOR	 	 	ABR	 
	 Level I
	  	 Greater than 4.50 to 1.00
	  	 	2.75	% 	 	 	1.75	% 
	 Level II
	  	 Less than or equal to 4.50 to 1.00 but greater than 4.00 to 1.00
	  	 	2.50	% 	 	 	1.50	% 
	 Level III
	  	 Less than or equal to 4.00 to 1.00 but greater than 3.50 to 1.00
	  	 	2.25	% 	 	 	1.25	% 
	 Level IV
	  	 Less than or equal to 3.50 to 1.00 but greater than 3.00 to 1.00
	  	 	2.00	% 	 	 	1.00	% 
	 Level V
	  	 Less than or equal to 3.00 to 1.00
	  	 	1.75	% 	 	 	0.75	% 

 3.    Agreements. Each Term A Facility Lender party hereto, on behalf of itself and
its successors and assigns, hereby agrees and elects to decline all prepayments of the Term A-2 Facility Loans to be made pursuant to Section 2.10(a)(iv) of the Credit Agreement from the date of this Second
Amendment through and including the third anniversary of the date of this Second Amendment. 
 4.    Representations
and Warranties. To induce the Lenders party hereto to agree to this Second Amendment, the Borrower and each of the other Station Parties represent to the Lenders and the Administrative Agent that as of the date hereof and as of the Effective
Date: 
 (a)    the Borrower and each of the other Station Parties have all necessary corporate or other organizational
power, authority and legal right to execute, deliver and perform this Second Amendment and to carry out the transactions contemplated by, and to perform its obligations under or in respect of, this Second Amendment; 

  
 3 

 (b)    the execution and delivery of this Second Amendment and the
performance of the obligations of the Borrower and each of the other Station Parties under or in respect of this Second Amendment have been duly authorized by all necessary corporate, partnership or other organizational action on the part of the
Borrower and each of the other Station Parties; 
 (c)    the execution and delivery of this Second Amendment and the
performance of the obligations of the Borrower and each of the other Station Parties under or in respect of this Second Amendment do not and will not (i) conflict with or result in a breach of, or require any consent (which has not been
obtained and is in full force and effect) under (x) any Organizational Document of Borrower or any other Station Party or (y) any applicable Requirement of Law (including, without limitation, any Gaming Law) or (z) any order, writ,
injunction or decree of any Governmental Authority binding on Borrower or any other Station Party or tortiously interfere with, result in a breach of, or require termination of, any term or provision of any Contractual Obligation of Borrower or any
other Station Party or (ii) constitute (with due notice or lapse of time or both) a default under any such Contractual Obligation or (iii) result in or require the creation or imposition of any Lien (except for the Liens created pursuant
to the Security Documents) upon any Property of Borrower or any other Station Party pursuant to the terms of any such Contractual Obligation, except with respect to (i)(y), (i)(z), (ii) or (iii) which would not reasonably be expected to result
in a Material Adverse Effect; 
 (d)    this Second Amendment has been duly and validly executed and delivered by the
Borrower and each of the other Station Parties and constitutes a legal, valid and binding obligation of the Borrower and each of the other Station Parties, enforceable against the Borrower and each of the other Station Parties in accordance with its
terms, except as such enforceability may be limited by (a) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or similar laws of general applicability from time to time in effect affecting the enforcement of
creditors’ rights and remedies and (b) the application of general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law); 

(e)    after giving effect to this Second Amendment, no event has occurred and is continuing or will result from the
execution and delivery of this Second Amendment or the performance by the Borrower and the other Station Parties of their obligations hereunder that would constitute a Default or an Event of Default; and 

(f)    each of the representations and warranties made by such Station Party in or pursuant to the Credit Documents to
which it is a party, as amended hereby, is true and correct in all material respects on and as of the Effective Date as if made on and as of such date; provided, that, to the extent that such representations or warranties specifically refer
to an earlier date, they shall be true and correct in all material respects as of such earlier date; provided, further, that, any representation or warranty that is qualified as to “materiality”, “Material Adverse Effect” or
similar language shall be true and correct in all respects on such respective dates. 
 5.    Effectiveness of this
Second Amendment. This Second Amendment shall be effective only if and when: 
 (a)    the Borrower, the other
Station Parties, and each Lender who has consented hereto, which shall constitute the Required Pro Rata Lenders, have delivered their fully executed signature pages hereto to the Administrative Agent; 

(b)    each of the representations and warranties contained in Section 3 of this Second Amendment shall be true and
correct in all material respects; 

  
 4 

 (c)    the Administrative Agent shall have received, executed by a
Responsible Officer or other authorized signatory of the signing Credit Party that is party thereto and in form and substance reasonably satisfactory to the Administrative Agent, such certificates of resolutions or other action, incumbency
certificates and/or other certificates of Responsible Officers of each Credit Party as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer or other authorized signatory thereof
authorized to act as a Responsible Officer and/or execute documents in connection with this Second Amendment and the other Credit Documents to which such Credit Party is a party or is to be a party on the Effective Date; 

(d)    at such time that this Second Amendment becomes effective, (i) all Swingline Loans and Swingline Commitments
are held by Swingline Lenders who have consented to this Second Amendment with respect to their entire respective Swingline Loans and Swingline Commitments at such time) and (ii) all L/C Commitments are held by L/C Lenders who have consented to
this Second Amendment with respect to their entire respective L/C Liability and L/C Commitments at such time); 

(e)    the Borrower shall have paid all fees and expenses owed to the Administrative Agent and the Lenders accrued through
and including the Effective Date to such Administrative Agent and Lenders; and 
 (f)    unless waived by the
Administrative Agent, the Borrower shall have paid all reasonable fees and expenses of counsel to the Administrative Agent (directly to such counsel if requested by the Administrative Agent) to the extent invoiced at least three Business Days prior
to the Effective Date. 
 This Second Amendment shall be effective on the date (the “Effective Date”) on which all of the foregoing
conditions are satisfied. 
 6.    Acknowledgments. By executing this Second Amendment, each of the other Station
Parties (a) consents to this Second Amendment and the performance by the Borrower and each of the other Station Parties of their obligations hereunder, (b) acknowledges that notwithstanding the execution and delivery of this Second
Amendment, the obligations of each of the other Station Parties under the Guarantee, the Pledge Agreement, the Security Agreement and each of the other Credit Documents to which such Station Party is a party are not impaired or affected and the
Guarantee, the Pledge Agreement, the Security Agreement and each such Credit Document continues in full force and effect and (c) affirms and ratifies, to the extent it is a party thereto, the Guarantee, the Pledge Agreement, the Security
Agreement and each other Credit Document with respect to all of the Obligations as amended hereby. 

7.    Miscellaneous. 

(a)    THIS SECOND AMENDMENT AND THE OTHER CREDIT DOCUMENTS AND ANY CLAIMS, CONTROVERSIES, DISPUTES, OR CAUSES OF ACTION
(WHETHER ARISING UNDER CONTRACT LAW, TORT LAW OR OTHERWISE) BASED UPON OR RELATING TO THIS SECOND AMENDMENT OR THE OTHER CREDIT DOCUMENTS (EXCEPT AS TO ANY OTHER CREDIT DOCUMENT, AS EXPRESSLY SET FORTH IN SUCH OTHER CREDIT DOCUMENT), SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW PRINCIPLES THAT WOULD APPLY THE LAW OF ANOTHER JURISDICTION. 

(b)    This Second Amendment may be executed in one or more duplicate counterparts and, subject to the other terms and
conditions of this Second Amendment, when signed by all of the parties listed below shall constitute a single binding agreement. Delivery of an executed signature page to this Second Amendment by facsimile transmission or electronic mail shall be as
effective as delivery of a manually signed counterpart of this Second Amendment. 

  
 5 

 (c)    Except as amended hereby, all of the provisions of the Credit
Agreement and the other Credit Documents shall remain in full force and effect except that each reference to the “Credit Agreement”, or words of like import in any Credit Document, shall mean and be a reference to the Credit Agreement as
amended hereby. This Second Amendment shall be deemed a “Credit Document” as defined in the Credit Agreement. Sections 13.09(b), 13.09(c), 13.09(d), 13.09(e) and 13.12 of the Credit Agreement shall apply to this Second Amendment as if
expressly set forth herein. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 6 

 IN WITNESS WHEREOF, the parties have caused this Second Amendment to be duly executed as of the
day and year first above written, to be effective as of the Effective Date. 
  

					
		 	Borrower:
		
		 	STATION CASINOS LLC
			
		 	By:	 	 /s/ Marc J. Falcone

		 	Name:	 	Marc J. Falcone
		 	Title:  Executive Vice President, Chief Financial Officer and Treasurer

  
 [Signature Page to
Second Amendment] 

 
					
		 	NP BOULDER LLC
		 	NP CENTERLINE HOLDINGS LLC
		 	NP DURANGO LLC
		 	NP FIESTA LLC
		 	NP INSPIRADA LLC
		 	NP IP HOLDINGS LLC
		 	NP LAKE MEAD LLC
		 	NP MT. ROSE LLC
		 	NP OPCO HOLDINGS LLC
		 	NP OPCO LLC
		 	NP PALACE LLC
		 	NP RED ROCK LLC
		 	NP RENO CONVENTION CENTER LLC
		 	NP RANCHO LLC
		 	NP SANTA FE LLC
		 	NP SONOMA LAND HOLDINGS LLC
		 	NP STEAMBOAT LLC
		 	NP SUNSET LLC
		 	NP TEXAS LLC
		 	NP TOWN CENTER LLC
		 	STATION GVR ACQUISITION, LLC
			
		 	By:	 	 /s/ Marc J. Falcone

		 	Name:	 	Marc J. Falcone
		 	Title:	 	Senior Vice President and Treasurer

  
 [Signature Page to
Second Amendment] 

 
					
		 	FERTITTA ENTERTAINMENT LLC
		 	FE LANDCO MANAGEMENT LLC
			
		 	By:	 	 /s/ Marc J. Falcone

		 	Name:	 	Marc J. Falcone
		 	Title:	 	Authorized Signatory

  
 [Signature Page to
Second Amendment] 

 
					
		 	SC MADERA DEVELOPMENT, LLC
		 	SC MADERA MANAGEMENT, LLC
		 	SC MICHIGAN, LLC
		 	SC SONOMA DEVELOPMENT, LLC
		 	SC SONOMA MANAGEMENT, LLC
			
		 	By:	 	 /s/ Frank J. Fertitta

		 	Name:	 	Frank J. Fertitta
		 	Title:	 	President

  
 [Signature Page to
Second Amendment] 

 
					
		 	RRR PALMS LLC
		 	FIESTA PARENTCO, L.L.C.
		 	FP HOLDINGS, L.P.
		 	FP HOLDCO, L.L.C.
		 	FPIII, L.L.C.
		 	PALMS PLACE, LLC
		 	PPII HOLDINGS, L.L.C.
		 	N-M VENTURES LLC
		 	N-M VENTURES II LLC
			
		 	By:	 	 /s/ Marc J. Falcone

		 	Name:	 	Marc J. Falcone
		 	Title:	 	Authorized Signatory

  
 [Signature Page to
Second Amendment] 

 
					
		 	RED ROCK RESORTS, INC.
			
		 	By:	 	 /s/ Marc J. Falcone

		 	Name:	 	Marc J. Falcone
		 	Title:  Executive Vice President, Chief Financial Officer and Treasurer

  
 [Signature Page to
Second Amendment] 

 
					
		 	STATION HOLDCO LLC
			
		 	By:	 	 /s/ Marc J. Falcone

		 	Name:	 	Marc J. Falcone
		 	Title:  Executive Vice President, Chief Financial Officer, Treasurer and Secretary

  
 [Signature Page to
Second Amendment] 

 
					
		 	DEUTSCHE BANK AG CAYMAN ISLANDS BRANCH, as Administrative Agent and Swingline Lender
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  
 [Signature Page to
Second Amendment] 

 The undersigned Lender hereby consents to this Second Amendment with respect to 100% of the outstanding principal
amount of the Term A Facility Loan, Revolving Loan and Revolving Commitment, as applicable, held by such Lender on the Effective Date for the Second Amendment: 

 

					
		 	
                          
                  ,
 as a Lender [and an L/C
Lender],

			
		 	By:	 	  

		 		 	Name:
		 		 	Title:
		
		 	If two signatures required:
			
		 	By:	 	  

		 		 	Name:
		 		 	Title:

  
 [Signature Page to
Second Amendment]

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