Document:

Change Order No. 9 to Agreement for Guarantee Maximum Price Construction Service

 Exhibit 10.11 
 AGREEMENT FOR GUARANTEED MAXIMUM PRICE 
 CONSTRUCTION SERVICES 
 CHANGE ORDER 
 20 July 2005

  

			
	 Project: Wynn Las Vegas
	 	Change Order No.: 9
		
	 “Contractor”: 
	 	“Owner”:
	 MARNELL CORRAO ASSOCIATES, INC.
	 	WYNN LAS VEGAS, LLC
	 222 Via Marnell Way
	 	3131 Las Vegas Boulevard So.
	 Las Vegas, Nevada 89119
	 	Las Vegas, Nevada 89109

 That certain Agreement for Guaranteed Maximum Price Construction Services between Owner and
Contractor for Wynn Las Vegas (“Project”) dated as of June 4, 2002 (“Contract”) is hereby modified as follows: 
  

	1.	SCOPE OF WORK 

 The Scope of Work associated with
Change Order No. 9 is detailed in the following Change Order narrative by project area. It should be noted that the Owner generally agrees with the Scope of the Work but reserves the right to perform a detailed audit of the Change Order
documentation pursuant to the terms of this Agreement. Subsequent adjustments, if any, will be credited to the Cost of the Work: 
  

	 	A.	Highrise 

  

	 	1.	Post 9/27/04 Miscellaneous Items 

 Work associated
with miscellaneous items such as final cleaning, miscellaneous steel, millwork, roofing, finishes, plumbing & HVAC, and electrical which were priced after 27 September 2004. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 70102-60 dated 26 May 2005 (partial approval)
$64,493 

	 	B.	Lowrise Master Plan 

  

	 	1.	Bombard – Façade Lighting 

 Work
associated with installation of metal pans for future neon on the North and South Porte Cocheres and Sands Promenade. All work will be done in accordance with field directives provided. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 70202-01 dated 21 June 2005, (revised amount)
$16,829 
  

	 	2.	Fisk Technologies Added Security Cameras 

 Work
associated with installation and addition of security cameras at various locations throughout the property. All work shall be completed in accordance with Notices of Clarifications, Drawing Revisions, Field Directives and Gaming Control Board
Requirements. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 70202-02 dated
10 June 2005, $81,239 
  

	 	3.	Fire Command Monitoring 

 Work associated with
additional cost to provide 24-hour monitoring of the Fire Command Center. All work shall be completed in accordance with written documentation provided by SAFE Electronics. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 70202-15 dated 24 May 2005, (partial approval)
$33,158 
  

	 	4.	Fire Alarm Revisions 

 Work associated with
additions and revisions to fire alarm systems. All work shall be completed in accordance with various drawing revisions, field directives and Clark County Building Department requirements. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal No. 70202-16, dated 25 May 2005 (partial approval)
$62,780 
  

	 	5.	Security and Surveillance Revisions 

 Work
associated with added security and surveillance equipment. All work will be done in accordance with Notices of Clarifications, Drawing Revisions, Field Directives and Gaming Control Board requirements. 
  

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 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request
No. 70202-19 dated 7 June 2005 (partial approval) $146,870 
  

	 	6.	Elevator Revisions 

 Work associated with revisions
to various Lowrise elevators. All work shall be done in accordance with WDD direction and design revisions. 
 Increase to Guaranteed
Maximum Price. Total increase per MCA Change Proposal Request No. 70202-20, dated 09 June 2005 (partial approval) $64,351 
  

	 	7.	HVAC Controls 

 Work associated with the provision
of additional various Lowrise HVAC controls such as control panels, override switches, conduit, wire and sensors. All work will be done in accordance with WDD direction and design revisions not included in the original control matrix and Yamas CORs
provided. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 70202-22, dated
22 June 2005, (revised amount) $130,733 
  

	 	C.	Lowrise – Area 1 

  

	 	1.	Area 1 Electrical 

 Work associated with
miscellaneous electrical revisions such as fire alarm changes, addition and relocation of fixtures, addition of circuits and cameras, addition of smoke doors, relocation of panels and required premium time. All work shall be completed in accordance
with WDD direction and design revisions and provided Bombard Electric CORs. 
 Increase to Guaranteed Maximum Price. Total increase
per MCA Change Proposal Request No. 71102-30 dated 18 May 2005 (partial approval) $9,385. 
  

	 	2.	Insulation on the make-up water to Cooling Tower 

 Work associated with provision of insulation on the make-up water to the Cooling Tower for Lowrise Area 1. All work shall be completed in accordance with Testmarc completion report and JBA specifications. 
  

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 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request
No. 71102-35 dated 10 June, 2005, (revised amount) $9,623. 
  

	 	3.	Relocation of make-up water connection for chilled water. 

 Work associated with relocation of the make-up water connection for the chilled water for Lowrise Area 1. All work shall be completed in accordance with JBA design sketch. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71102-36 dated 10 June 2005, (revised amount)
$5,973. 
  

	 	4.	Catwalk Rails 

 Work associated with the provision
of catwalk rails and handrail extensions at the loading dock area. All work shall be completed in accordance with WDD’s direction and CCBD code requirements per Vegas Steel CORs provided. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71102-39, dated 10 June 2005, $15,238

  

	 	5.	Paint Booth Assembly 

 Work associated with the
assembly of the Owner’s paint booth for the Lowrise Area 1. All work shall be completed in accordance with WDD’s request for Southland Industries to assemble the paint booth as well as Southland Industries’ CORs provided. 

Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71102-40, dated 22 June 2005, (revised
amount) $22,816. 
  

	 	D.	Lowrise – Area 2 

  

	 	1.	Flashing at Self Park Garage 

 Work associated with
installation of aluminum squeeze flashing at the self-park garage to match that of existing flashing previously installed. All work shall be completed in accordance with documentation provided by WDD. 
  

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 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request
No. 71202-40, dated 24 June 2005, (revised amount) $38,712 
  

	 	2.	Revise Exterior Awning Fabric & Awning 

 Work associated with revising the exterior awning fabric at the Ferrari Dealership and revising the exterior awning and fabric at the STS Entry. All work shall be completed in accordance with written direction provided by WDD Interiors
dated 17 February 2005 and 11 February 2005. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal
Request No. 71202-49 dated 20 May 2005, $17,767. 
  

	 	3.	Highrise Elevator Lobby 

 Work associated with
relocation of columns in the Highrise Elevator Lobby. All work shall be completed in accordance with WDD field direction. 
 Increase to
Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71202-56, dated 20 May 2005, $1,980 
  

	 	4.	Raymond Company Extra Work 

 Work associated with
extra work completed by Raymond Company such as replacement and installation of cast at Patio Arches, installation of elliptical tube @ STS for wall and window support, framing rework at patio alcove, reframing of columns at North Valet. All work
shall be completed in accordance with design documentation provided by WDD. 
 Increase to Guaranteed Maximum Price. Total increase
per MCA Change Proposal Request No. 71202-61 dated 23 May 2005, (partial approval) $85,904 
  

	 	5.	Technicoat Waterproofing Extra Work 

 Work
associated with the application of Neogard Coating to concrete deck located beneath spa tubs, deluge showers and hot and cold plunges as well as installation of waterproofing membrane on Spa floor. All work shall be completed in accordance with
various field directives provided. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request
No. 71202-62R dated 08 June 2005, $23,471 
  

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	 	6.	Amazon Masonry Extra Work 

 Work associated with
installation of ST502 stone on meeting room stair walls, installation of additional exterior stone wrapping the corner at the Ferrari Dealership as well as addition of ST501 stone on the backside of the STS Building. All work shall be completed in
accordance with various field directives and WDD sketches provided. 
 Increase to Guaranteed Maximum Price. Total increase per MCA
Change Proposal Request No. 71202-80 dated 07 June 2005, $52,993 
  

	 	7.	Millwork Remodel for Lighting Change @ W. Ink 

 Work associated with remodeling the lighting fixture going into the display cabinets inside the W. Ink store. All work shall be completed in accordance with written documentation provided. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71202-83 dated 09 June 2005, (revised amount)
$1,451 
  

	 	8.	Wall Molding at Wedding Chapel 

 Work associated
with modifying the wall molding at the Wedding Chapel. All work shall be completed in accordance with the requirements provided by Coast Draperies as approved by WDD. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71202-84 dated 09 June 2005, (revised amount) $583. 
  

	 	9.	Miscellaneous Design Revisions 

 Work associated
with Owner directed drawing changes for KHS&S for items such as modification to casino ceiling for installation of cameras, patchwork, framing modifications, painting, addition of drywall & finish, modification to door frames and
addition and revision of soffitts and walls. All work shall be completed in accordance with documentation provided. 
 Increase to
Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71202-85 dated 17 June 2005, (partial approval) $269,086 
  

	 	10.	Elevator Machine Room Doors 

 Work associated with
providing and installing two elevator machine room doors in the basement at the WLV Parking Garage. All work shall be completed in accordance with a directive from the Nevada State Elevator Inspector as approved by WDD. 
  

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 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal No. 71202-89
dated 14 June 2005, $3,992. 
  

	 	E.	Lowrise – Area 3 

  

	 	1.	Lobby Atria Mosaics and Columns 

 Work associated
with cutting mosaics flowers to fit the pattern and float and scratch to Atria columns. All work shall be completed in accordance with written documentation provided by Joe Fadel, of WDD, dated 8 June 2005. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal No. 71302-19 dated 19 May 2005, (partial approval)
$56,489 
  

	 	2.	Miscellaneous Extra Work – F. Rodgers Insulation 

 Work associated with extra work such as ceiling tile repair and addition of FRP panels at various locations by F. Rodgers Insulation. All work shall be completed in accordance with design documents and field directives provided by WDD.

 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71302-47 dated 26 May 2005,
$8,671 
  

	 	3.	Miscellaneous Extra Work – Glenn Rieder 

 Work
associated with miscellaneous extra work performed by Glenn Rieder such as: 
  

	 	•	 	Italian Restaurant – upgrading railing, addition of skylight supports for chandeliers, addition of cove moulding in restrooms and changing skylight glass to bronze laminate

  

	 	•	 	Japanese Restaurant – revise details @ Abaca ceiling, add lids @ Saki Barrels and miscellaneous millwork 

 All work shall be completed in accordance with miscellaneous design documents and field directives provided by WDD. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71302-49, dated 27 May 2005. (partial approval)
$306,842 
  

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	 	4.	Miscellaneous Extra Work – Universal Brass 

 Work associated with miscellaneous extra work required for installation of two additional rails in Art Gallery. All work shall be completed in accordance with design documents and field directives as provided by WDD. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71302-51 dated 27 May 2005, $6,098

  

	 	5.	Miscellaneous Extra Work – Northwestern, Inc. 

 Work performed by Northwestern, Inc. such as providing various amenities in the Executive offices – vanities, material/finish upgrade, moulding change, keypads and shower door casings; various revisions to jewelry store including
addition of gold leaf vitrines, transformer boxes, steel trim and new front door hardware. All work will be completed in accordance with miscellaneous design documents and field directives provided by WDD. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71302-53, dated 27 May 2005, (partial approval)
$76,996 
  

	 	6.	Miscellaneous Extra Work – Powell Cabinets 

 Work performed by Powell Cabinets related to replacement of “Stickwall” metal feature. All work will be completed in accordance with field directives provided by WDD. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71302-55, dated 27 May 2005, $38,424

  

	 	7.	Miscellaneous Extra Work – Mueller Custom Cabinetry 

 Work associated with miscellaneous cabinetry such as provision of Auberge restroom trees, door jambs, steakhouse-custom carved mirrors, additional millwork and cabinets. All work shall be completed in accordance with provided design
documents and field directives. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request
No. 71302-56 dated 31 May 2005, (partial approval) $60,373 
  

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	 	8.	Miscellaneous Extra Work – KHS&S 

 Work
associated with miscellaneous extra work performed by KHS&S dealing with metal framing and drywall issues for various areas such as the Night Club, Escalator Bar, Auberge Boulud, North Porte Cochere, Japanese Kitchen, Steak Restaurant, Escalator
Foyer, BOH, Atrium ceiling, Italian patio and exit sign relocation. All work shall be completed in accordance with design documents and field directives provided by MCA.. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71302-58, dated 06 June 2005, (revised amount) $175,809 
  

	 	9.	Miscellaneous Extra Work – International Woodwork Corp. 

 Work associated with miscellaneous extra work including changing base from marble to wood at Concierge and revision to casing heads. All work shall be completed in accordance with design documents and field directives
provided by WDD. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71302-61 dated
10 June 2005, $47,857 
  

	 	10.	Revised miscellaneous extra work – Glenn Rieder 

 Work associated with miscellaneous extra work provided by Glenn Rieder such as the addition of showcases, tables, cabinet doors, cove moulding, gold leaf finish and base in dressing rooms. All work shall be completed in accordance with
design documents and field directives provided by MCA Field Supervision and WDD. 
 Increase to Guaranteed Maximum Price. Total
increase per MCA Change Proposal Request No. 71302-62 (revised), dated 22 June 2005, (partial approval) $95,834 
  

	 	11.	Executive Offices – Add drawers to E. Wynn’s Office 

 Work associated with the addition of vanity drawer banks at E.Wynn’s vanity. All work shall be completed in accordance with design documents and field directives provided by WDD. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71302-64 dated 13 June 2005, $6,240

  

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	 	12.	Miscellaneous Extra Work – Hansen Mechanical 

 Work associated with various miscellaneous extra work such as mechanical equipment watch, stand-by, change out of sheaves and modification of hoods (noise reduction) and addition of dipper-well @ Patisserie. All work shall be completed in
accordance with design documents and field directives provided. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change
Proposal Request No. 71302-65, dated 16 June 2005, $11,403 
  

	 	13.	Miscellaneous Extra Work – Raymond 

 Work
associated with extra work performed by Raymond such as painting taxi tunnel walls and North Porte Cochere Valet ramps, addition of walls at Manolo and Italian Restaurant, addition of densglass and EIFS at West Promenade entry and painting in
Executive offices. All work shall be completed in accordance with design documents and field directives provided by WDD. 
 Increase to
Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71302-68, dated 17 June 2005, (partial approval) $49,516 
  

	 	14.	Lobby Bar Back Bar Display 

 Work associated with
Lobby Bar Back Bar Display. All work shall be completed in accordance with direction provided by WDD. 
 Increase to Guaranteed Maximum
Price. Total increase per MCA Change Proposal Request No. 71302-69, dated 21 June 2005, $10,418 
  

	 	F.	Lowrise – Area 4 

  

	 	1.	Added Electrical Panel for A/V Racks 

 Work
associated with the addition of an electrical panel in the Area 4 Telecommunications Room 4-B154 for two additional A/V Racks that were installed by ProSound. All work shall be completed in accordance with WDD Change Directive dated 14 April
2005. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71402-36, dated 24 June
2005, $5,546 
  

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	 	2.	Post 12/31/04 Added Work Items 

 Work associated
with miscellaneous items such as structural and miscellaneous steel, millwork, firestoppping, door & windows, finishes, equipment, plumbing & HVAC, electrical which were priced after 31 December 2004. All work will be done in
accordance with written documentation provided. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal
Request No. 71402-39, dated 15 June 2005, (partial approval) $1,029,593 
  

	 	3.	Revisions/NOC’s – Post 12/31/04 

 Work
associated with revisions and NOC’s received after 12/31/04 such as additional lighting for Showroom Retail façade and Buffet, revisions to walls at STS Elevator lobbies, addition of fire/smoke dampers at Housekeeping elevator lobby,
reconfiguaration of Pool Retail Ceiling, revision to electrical at Baccarat VIP Lounge and addition of clock outlet outside ticket sales. All work shall be completed in accordance with provided documentation. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71402-42, dated 13 June 2005 (partial approval)
$64,689 
  

	 	4.	Corsa HVAC modification 

 Work associated with
added duct/diffuser and return grill work in Corsa Cucina Storage. All work shall be completed in accordance with WDD Construction Change Directive dated 11 May 2005. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71402-44 dated 21 June 2005, $4,975

  

	 	5.	2/17/05 Drawing Revisions 

 Work associated with
drawing revisions dated 2/17/05 dealing with Lowrise Area 4 Plumbing revisions to show the relocation of GI-8 and GI-9 with associated piping and equipment away from the existing building foundations. All work shall be completed in accordance with
WDD Letter of Transmittal dated 2/22/05 and Overview/Drawing List dated 2/17 /05. 
 Increase to Guaranteed Maximum Price. Total
increase per MCA Change Proposal Request No. 71402-45 dated 21 June 2005, $20,964 
  

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	 	6.	Exhaust for Pantry 

 Work associated with addition
of an exhaust at the Baccarat Pantry to prevent food odor migration into adjacent areas. All work shall be completed in accordance with WDD Construction Change Directive dated 31 May 2005. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71402-46, dated 21 June 2005, $2,956

  

	 	7.	Safety Screen in Elevator Pit 

 Work associated
with installation of chain link fencing to separate Elevator Nos S-1, P-7 and S-2 pits. All work shall be completed in accordance with provided documentation and at the instruction of the State Elevator Inspector. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71402-47 dated 23 june 2005, $3,818

  

	 	G.	Lowrise – Area 6 

  

	 	1.	Decorative Manhole/clean out lids – Pool Area 

 Work associated with the provision of decorative manhole/clean-out lids for the Area 6 Pools. All work shall be completed in accordance with WDD Civil drawing revisions. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71502-09 dated 10 June 2005, $5,503

  

	 	2.	Relocated carbonators at the Pool Bar 

 Work
associated with the provision of labor and materials for the relocating and modification of carbonators at the Pool Bar. All work shall be completed in accordance with WDD sketch dated 15 March 2005 and Hansen Mechanical COR. 

Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 71502-10 dated 24 June 2005, $1,920

  

	 	3.	Additional center rail at bridges and VIP level 

 Work associated with the addition of center rail at small bridges and additional rail at the VIP level as required by the Clark County Building Department for the Area 6 Pools. All work shall be completed in accordance with provided WDD
field directive. 
  

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 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request
No. 71502-12 dated 26 June 2005, $26,143 
  

	 	H.	Site Improvements 

  

	 	1.	Revised Street Signs 

 Work associated with the
revision of street name signs for Porte Cocheres. All work shall be completed in accordance with WDD’s e-mail directive dated 23 November 2004. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 70602-23 dated 19 May 2005, (revised amount) $4,039 
  

	 	2.	Miscellaneous Extra Work – Bombard Electric 

 Work associated with miscellaneous extra work performed by Bombard Electric such as addition of landscape light fixtures along Sands Avenue, added lights and wall sconces, replacement of pole lights, extension of cable conduits and addition
of spare underground conduits. All work shall be completed in accordance with design documents and field directives provided. 
 Increase
to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 70602-26 dated 26 May 2005, (revised amount) $133,534 
  

	 	3.	Island Removal 

 Work associated with the removal
of the pork chop island at the entry to Wynn Las Vegas that prevents traffic from continuing down to the Self Park Garage entry. All work shall be completed in accordance with WDD Change Directive dated 5 May 2005. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 70602-34 dated 31 May 2005, $17,290

  

	 	4.	H.M. Door @ Marquee Sign 

 Work associated with
addition of H.M. door at the Marquee sign to hide the electric gear. All work shall be completed in accordance with revised Architectural drawings issued to supplement NOC#LR3A-116. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 70602-35 dated 31 May 2005, $2,595

  

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	 	5.	TAB Contractors Extra Work 

 Work associated with
miscellaneous extra work required for completion of underground wet utilities. All work shall be completed in accordance with revised drawings, NOC’s and field directives. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 70602-36 dated 06 June 2005 (partial approval)
$281,088 
  

	 	6.	Arcon (KHS&S) – Added Special Finish Concrete 

 Work associated with providing special finish (stamped) concrete walkways at the North and South Porte Cochere sculpture islands. All work shall be completed in accordance with provided architectural sketches issued
01 April 2005, pursuant to WDD’s Change Directive. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change
Proposal Request No. 70602-37 dated 08 June 2005, $24,582 
  

	 	7.	Southern Nevada Paving Miscellaneous Extra Work-Mass Excavation 

 Work associated with miscellaneous extra work including backfill at added retaining walls @ Nevada Power/Electric Yard, grading and excavating soil at various planter locations throughout the property. All work shall
be completed in accordance with MCA field direction. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal
Request No. 70602-40 dated 06 June 2005, (partial approval) $115,537 
  

	 	8.	Offsite Improvements 

 Work associated with
miscellaneous off-site improvements to Las Vegas Boulevard, such as delayed start of work due to settlement concerns associated with the mountain construction, excavation of sink hole discovered during construction, additional paving, excavation of
median islands to prepare planters for landscape contractor, roto-milling and addition of curb and gutter. All work shall be completed in accordance with field conditions and field directives from the CCPW Inspector. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 70602-41 dated 06 June 2005, $102,659

  

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	 	9.	Shuttle Road CMU Wall – Century Steel 

 Work
associated with reinforcement of steel for the CMU retaining wall on Shuttle Road. All work shall be completed in accordance with Butler-Ashworth Drawings dated 01 November 2004. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 70602-42 dated 06 June 2005, $25,909

  

	 	10.	Universal Brass – Miscellaneous Extra Work  

 Work associated with miscellaneous extra work performed on the mountain rail fencing including the addition of 30 linear feet of steel fencing at the south end of the Marquee Sign compound, additional gates added to north end of the
mountain fence, extend length of fence mounting posts and add post supports to brace fence posts back to shotcrete walls. All work shall be completed in accordance with e-mail directives provided by WDD. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 70602-43 dated 13 June 2005, $22,124

  

	 	11.	Vegas Steel – Gates on the Nevada Power Yard 

 Work associated with the removal, revision and reinstallation of the gates on the Nevada Power Yard (Gates NP-OIA). All work shall be completed in accordance with revised drawing dated 02 August 2004. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 70602-44 dated 17 June 2005, (revised amount)
$9,379 
  

	 	I.	Lake Mountain Feature 

  

	 	1.	Miscellaneous Extra Work – Bombard Electric  

 Work associated with miscellaneous electrical work including addition of lighting control changed and added light fixtures to the top of lighting tunnel, performed by Bombard Electric. All work shall be completed in accordance with various
NOC’s, and field directives as detailed in Bombard’s Change Order Requests. 
 Increase to Guaranteed Maximum Price. Total
increase per MCA Change Proposal Request No. 70702-18, dated 07 June 2005 (partial approval) $109,105 
  

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	 	2.	Hansen Mechanical – Miscellaneous Added Work 

 Work associated with miscellaneous added mechanical work such as installation of atmospheric pressure relief vents, installation of plumbing lines, testing check valves in lake aeration system, installation of backflow preventors, start up
costs for compressors, cleaning drain lines and installation of piping for planter drains. All work shall be completed in accordance with various NOC’s and field directives provided. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 70702-19 dated 08 June 2005, (partial approval)
$ 67,990 
  

	 	3.	Additional Drywall Finish and Paint 

 Work
associated with additional drywall finish and paint for items such as light booths, walls and pipe in light tunnel, various walls and ceilings and exit doors. All work shall be completed in accordance with field directives from WDD as well as
written documentation from Wyatt DeFreitas dated 22 June 2005. 
 Increase to Guaranteed Maximum Price. Total increase per MCA
Change Proposal Request No. 70702-20 dated 08 June 2005, (partial approval) $20,560 
  

	 	4.	Rock & Waterscapes Systems, Inc. – Miscellaneous Extra Work 

 Work associated with painting portions of the shotcrete walls various shades of green for review by WDD for use on all exterior surfaces of the mountain. Also includes rock and waterscape rework and repainting the
main lake edge rock work. All work shall be completed in accordance with field directives from WDD. 
 Increase to Guaranteed Maximum
Price. Total increase per MCA Change Proposal Request No. 70702-21 dated 08 June 2005, (revised amount) $25,935 
  

	 	5.	Vegas Steel – Miscellaneous Extra Work 

 Work
associated with miscellaneous work performed by Vegas Steel in the Equipment Building. All work shall be completed in accordance with revised drawings from Big Show, field directives from WDD, CCBD Inspector and State Elevator Inspector. 

Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 70702-23, dated 08 June 2005 (partial
approval) $28,076 
  

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	 	J.	Villas 

  

	 	1.	Installation of back bar TV “break-away tops” 

 Work associated with installation of back bar TV “break-a-way tops” at the living rooms for the Lowrise Villas to provide an alternate safety mechanism to prevent the TV lift from injuring individuals. All work shall be completed
in accordance with the detailed proposal provided by Powell Cabinets, dated 26 May 2005. 
 Increase to Guaranteed Maximum Price.
Total increase per MCA Change Proposal No 70802-07 dated 09 June 2005, $15,184. 
  

	 	K.	Fairway Villas Expansion 

  

	 	1.	Fairway Villas Expansion 

 Work associated with
various electrical revisions for the Area 7 Fairway Villa Expansion. All work shall be completed in accordance with WDD directives and design revisions. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal No. CP-71002-09, dated 23 May 2005, (partial approval) $19,712 
  

	 	L.	Expansion – Showroom 

  

	 	1.	Mirror at Promenade 

 Work associated with
furnishing and installing  1/4” clear mirror above and along the jamb of Promenade Door Nos. 1-105E, 1-105F,
1-105G and 1-105H. All work shall be completed in accordance with ID Drawing ID4.60 dated 13 May 2005. 
 Increase to
Guaranteed Maximum Price. Total increase per MCA Change Proposal No. 70502-1R (revised), dated 6 June 2005, (revised amount) $3,711 
  

	 	2.	Surveillance/Security System 

 Work associated with
furnishing and installing the surveillance/security system in Showroom #1. All work shall be completed in accordance with M. Malia & Associates drawings dated 20 August 2004. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal No. 70502-2, dated 8 June 2005, $181,249.

  

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	 	3.	Voice/Data/Wireless Cabling System 

 Work
associated with the installation, termination and testing of the voice/data and wireless cabling system for Showroom #1. All work shall be completed in accordance with JBA Telecommunication drawings. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal No. 70502-3, dated 8 June 2005, $80,026 

 

	 	4.	Showroom Plinth Detail 

 Work associated with
furnishing and installing door casing plinth blocks in the Showroom. All work shall be completed in accordance with ABA SK-6.1 dated 01 June 2005. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal No. 70502-4 dated 10 June 2005, (revised amount) $3,976 
  

	 	5.	Showroom Revised Wall Cap 

 Work associated with
revision to the Showroom wall cap detail. All work shall be completed in accordance with ABA SK-6.105A dated 01 June 2005. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal No. 70502-5 dated 10 June 2005, (revised amount) $10,698. 
  

	 	6	Drawer Locks 

 Work associated with furnishing and
installing a quantity of 112 Olympus #777-1C cabinet locks to BOH casework. All work shall be completed in accordance with written documentation provided. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal No. 70502-6 dated 10 June 2005, (revised amount) $11,532. 
  

	 	7.	Change in Paint Color 

 Work associated with
changing the paint color in the Promenade Corridor to Showroom #1. All work shall be completed in accordance with WDD Change Directive dated 13 May 2005. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal No. 70502-7 dated 15 June 2005 (revised amount) $896 
  

 - 18 - 

	 	8.	Fire Extinguisher Cabinet Relocation 

 Work
associated with relocation of one fire extinguisher cabinet in the Promenade Corridor. All work shall be completed in accordance with WDD correspondence dated 03 June 2005. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal No. 70502-8 dated 16 June 2005, (revised amount)
$664 
  

	 	9.	Corner Guards 

 Work associated with furnishing and
installing of brushed brass wall panel corner guards. All work shall be completed in accordance with ABA Sketch SK-6.15.05B dated 15 June 2005. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal No. 70502-9R, dated 14 July 2005, (revised amount) $8,456. 
  

	 	10.	Gold Leaf Finish 

 Work associated with furnishing
and installing a gold leaf finish in the Promenade coffers. All work shall be completed in accordance with Detail 9 on Interior Drawing ID8.14 revised 13 may 2005. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal No. 70502-10, dated 22 June 2005, (revised amount) $49,277 
  

	 	M.	Rain Delay Costs 

  

	 	1.	Southern Nevada Paving – Final Grading & Paving & Rain Damage 

 Work associated with miscellaneous extra work and rain damage for on-site paving and roadways, shuttle road and residents’ road. All work shall be
completed in accordance with provided drawings and field directives described in Southern Nevada Paving’s Daily Work Tickets. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 70602-38 dated 06 June 2005, $186,046 
  

 - 19 - 

	 	2.	Southern Nevada Paving – Mass Excavation & Rain Damage 

 Work associated with miscellaneous work resulting from heavy rains, including clean up of mud from site roadways and various locations throughout the property, temporary paving @ North Porte Cochere to control mud,
removal of wet pumping soil and stabilization of areas for paving. All work shall be completed in accordance with change order requests from Southern Nevada Paving’s Daily Work Tickets. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal Request No. 70602-39 dated 06 June 2005, $243,941

  

	 	3.	Rock & Waterscape Rain Delay Costs (Lake/Mountain) 

 Costs associated with standby time due to heavy rains for work to be performed on Lake/Mountain feature. All work shall be completed in accordance with Field Directives provided in an attempt to mitigate rain delays.

 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal No. 70702-27 dated 21 June 2005, (revised
amount) $16,573 
  

	 	4.	Technicoat –Rain Damage Costs (Lake/Mountain) 

 Work associated with replacement of Baricoat fluid applied waterproofing with sheet membrane waterproofing as a result of wet/rainy conditions in order to maintain the construction schedule. All work shall be completed in accordance with
field directives provided by MCA. 
 Increase to Guaranteed Maximum Price. Total increase per MCA Change Proposal No. 70702-28
dated 21 June 2005, (revised amount) $20,118 
  

	 	TOTAL	SCOPE OF WORK – $5,118,965 CHANGE ORDER NO. 9 

  

				
	 Transfer Owner Controlled Contingency within current GMP to Contractor Controlled Budget
	  	$	 <5,118,965>
	 Increase to Contractor Controlled Budget to incorporate the Transfer of Owner Controlled contingency to account for the Scope of Work detailed
above.
	  	$	5,118,965
	 Total Guaranteed Maximum Price Increase
	  	$	-0-
		  	 	 

  

 - 20 - 

	 	1.	INCREASE TO GUARANTEED MAXIMUM PRICE 

 The
Guaranteed Maximum Price set forth in Section 3.1 of the Contract is by this Change Order is not increased. From and after the date of this Change Order, all references in the Contract Documents to the “Guaranteed Maximum Price
Breakdown” attached as Exhibit F to the Contract shall mean and refer to the Revised Contractors Work and Guaranteed Maximum Price Breakdown attached hereto as Revised Exhibit F. From and after the date of this Change Order, any
and all references in the Contract Documents to the “Guaranteed Maximum Price” shall mean the amount of $ 1,083,479,322. 
  

	 	2.	PROJECT SCHEDULE 

 As of the date hereof the
Guaranteed Date of Substantial Completion for the Project which is defined as 27 April 2005 has been successfully achieved by the Contractor. The Guaranteed Date of Substantial Completion for the Showroom Addition is 26 August 2005. The
Contractor does not know of any facts or circumstances which would cause Substantial completion of the Showroom Addition to be delayed beyond the stated date. 
 All initial capitalized terms used in this Change Order shall have the meaning ascribed to them in the Contract, unless otherwise defined herein. This Change Order is effective as of 20 July 2005. 
  

							
	OWNER:	  	CONTRACTOR:
		
	 WYNN LAS VEGAS, LLC,
 a Nevada limited
liability company,
	  	 MARNELL CORRAO ASSOCIATES, INC.,
 a Nevada corporation

				
	By:	  	 /s/ Todd Nisbet
	  	 By:
	  	 /s/ Perry Eiman

	 Name:
	  	 Todd Nisbet
	  	 Name:
	  	 Perry Eiman

	 Title:
	  	 Assistant Secretary
	  	 Title:
	  	 President

			
		  		  	 ARCHITECT:

			
		  		  	 BUTLER/ASHWORTH ARCHITECTS, LLC

				
		  		  	 By:
	  	 /s/ DeRuyter Butler

		  		  	 Name:
	  	 DeRuyter Butler

		  		  	 Title:
	  	 President

  

 - 21 -Change Order No.10 to Agreement for Guarantee Maximum Price Construction Service

 Exhibit 10.12 
 AGREEMENT FOR GUARANTEE MAXIMUM PRICE 
 CONSTRUCTION SERVICES 
 CHANGE ORDER 
 20 July 2005

  

			
	 Project: Wynn Las Vegas
  
 “Contractor”:
 MARNELL CORRAO ASSOCIATES, INC.
 222 Via Marnell Way
 Las Vegas, Nevada 89119
	 	 Change Order No.: 10
  
 “Owner”:
 WYNN LAS
VEGAS, LLC
 3131 Las Vegas Boulevard So.
 Las Vegas, Nevada 89109

 That certain Agreement for Guaranteed Maximum Price Construction Services between Owner and
Contractor for Wynn Las Vegas fka Le Rêve dated as of June 4, 2002 (“Contract”) is hereby modified as follows: 
  

	1.	DEFINITIONS. 

 Initial capitalized terms not
otherwise defined in this Change Order shall have the meanings attributed to such terms in the Contract. 
  

	2.	SCOPE OF WORK/CLAIMS 

 Substantial Completion of the
Work in its entirety and the Project was achieved on June 24, 2005. Completion of the entire Project and Work (“Completion” as used herein shall mean all of the requirements and deliveries under Section 12.2 of the Contract
relating to Final Completion have been satisfied, except for those requirements and deliveries in the following subsections: 12.2.1 - a, b, d (d only from the standpoint that it is a general representation), 12.2.1.2, 12.2.1.3, 12.2.1.4, 12.2.1.7,
12.2.1.9, 12.2.1.8, 12.2.1.14 and 12.2.1.17) is scheduled for September 26, 2005. The only Work remaining to be completed from and after the date of this Change Order, relates to the Showroom with a remaining balance to be billed of
$5,569,549, punch list items and correction of any defective or noncomplying Work. 
 Owner has previously issued to Contractor several
Drawing revisions, Construction Change Directives, and Notices of Clarification (“NOC”) relating to the Project and scope of the Work. Contractor has submitted to Owner various Claims and/or Change Proposals and other requests, directly
and indirectly through Contractor’s Anticipated Cost Report and other writings, relating to Changes, and requesting an increase in the Guaranteed Maximum Price (“GMP”) in the total amount of $76,916,616 (“Claim
Amount”) for all such Changes and other Claims (including overtime). Owner disputes the Claims and Claim Amount, and alleges that, pursuant to the Contract, Contractor’s Claims have not been timely presented, and therefore are waived and
released and Contractor is estopped from making any such Claims, 

 
and that Contractor is responsible for any and all increased costs for all such Changes and is not entitled to any increase in the GMP. Contractor, on the
other hand, alleges that Contractor’s Claims have been timely presented and that Contractor believes it is entitled to all such Changes and a corresponding increase in the GMP. 
 Owner and Contractor have discussed the Changes, Claims and Claim Amount, and, subject to the terms of this Change Order, have mutually agreed to settle
the Changes, Claims and Claim Amount by increasing the GMP by the one time total amount of $50,000,000.00 (“Agreed Change Amount”), in full and complete satisfaction of any and all claims of any kind in any way relating to the Site,
Project, Work and/or Contract, including, but not limited to, any and all Claims by Contractor, all as more fully set forth below. 
  

	3.	INCREASE TO GUARANTEED MAXIMUM PRICE. 

 The GMP set
forth in Section 3.1 of the Contract is by this Change Order hereby increased from $1,083,479,322 to $1,133,479,322, as described in Paragraph 2 above. From and after the date of this Change Order, any and all
references in the Contract Documents to the “Guaranteed Maximum Price” shall mean the amount of $1,133,479,322. 
 Contractor
agrees and accepts that the Agreed Change Amount constitutes the full and complete satisfaction of all amounts claimed and which could be claimed by Contractor for any and all Work, materials, services and/or construction performed or supplied by,
on behalf of, through, or under the supervision of Contractor with regard to the Work, Contract, Site and/or Project through the date of this Change Order, including, without limitation, the Claim Amount and all Changes, whether asserted or
unasserted, and is inclusive of any and all direct, indirect, consequential costs, damages or losses based upon any theory of recovery; including, but not limited to, as provided in Section 18.8.2 of the Contract: actual damages, all
time-related costs, total costs, modified total costs, Eichleay formula or other equitable adjustment theories, full compensation for general conditions, extended site supervision and administration, all field, site, branch and/or home office
overheads, all general and administrative costs, and any other similar direct, indirect and/or time-related costs howsoever derived or formulated. 
 As a condition precedent to payment, in whole or in part, of the Agreed Change Amount to Contractor, Contractor shall execute and deliver, or cause to be executed and delivered, to Owner, without any reservations or conditions or pending
items, (i) duly executed and acknowledged Unconditional Final Lien Waivers (in the form as required in the Contract) from Contractor and each and every Subcontractor and Vendor that provided services or materials with regard to the Work on the
Site and/or the Project, and all other persons that could claim lien rights against the Project, the Site or Owner or any predecessor or successor of Owner or any of Owner’s Lenders, for, through, by or on behalf of Contractor (collectively,
“Lien Holders”), for all Work on the Project and/or Site through and including the date of this Change Order and for which Contractor has previously submitted an Application 
  

 - 2 - 

 
for Progress Payment and Contractor has received payment from or on behalf of Owner (“Final Lien Waivers”), (ii) duly executed and
acknowledged Conditional Lien Waivers (in the form as required in the Contract) from each and every Lien Holder for all Work on the Project and/or Site through and including the date of this Change Order and shall include any and all Work that was
the subject of any Claim (“Conditional Lien Waivers”), and (iii) all such other documents and Certificates as required under the Contract for an Application for Progress Payment with regard to such Work (“Application
Certificates”). Owner shall make partial payments of the Agreed Change Amount only to the extent Owner receives the foregoing items in clauses (i), (ii) and (iii) hereof. Contractor agrees to deliver to Owner, not later than
September 26, 2005, all required Final Lien Waivers, Conditional Lien Waivers and Application Certificates as defined and described above in this Paragraph, final subcontractor change orders, final OCIP audits and executed Contractor’s
Completion Certificate (in the form as required in the Disbursement Agreement). Owner reserves the right, as provided in Section 5.5 of the Contract, to make payment of some or all of the Agreed Change Amount by use of joint checks, and as to
those portions of the Agreed Change Amount for which Owner uses joint checks, concurrent with delivery of the joint check by Owner to Contractor and/or the other joint payee Lien Holder, Contractor and such joint payee Lien Holder shall deliver to
Owner a duly executed and acknowledged Final Lien Waiver instead of a Conditional Lien Waiver with regard to the amount of Work covered by such payment. Subject to Owner making timely payments under this Change Order and/or the Contract (if
applicable) as and when such payments become due thereunder, Contractor shall and hereby agrees to indemnify Owner against and be fully responsible for any and all liens against the Project and relating to the Work, as set forth in and pursuant to
the Contract, including, but not limited to, Sections 7.19 and 12.2.1.12 of the Contract. 
  

	4.	RELEASES. 

 In consideration of Owner’s
entering into this Change Order and the increase in the GMP, of the Agreed Change Amount as provided in this Change Order, and as a condition precedent to such increase, effective as of the date of this Change Order, Contractor, on behalf of itself
and its successors, assigns, officers, members, managers and affiliates (each a “Contractor Party”), hereby fully and forever unconditionally releases and discharges Owner and its successors and assigns, officers, members, managers,
affiliates, agents, representatives, past and present, from, and hereby fully and completely waives, any and all claims (including, but not limited to, any Claims, any Claim Amount, any Changes (whether implemented or not implemented), any increase
in the GMP and/or Contractor’s Fee, and/or any adjustment to the Contract Time), wages, compensation, overtime, reimbursement, demands, rights, liens, actions, lawsuits, causes of action, early completion bonus, obligations, debts, costs,
expenses, attorneys’ fees, damages, judgments, orders and liabilities of any kind or nature, under the Contract, or in law, equity or otherwise, known and unknown, asserted and unasserted, foreseen and unforeseen, fixed or contingent, suspected
or unsuspected, whether or not concealed or hidden, which exists or may exist as of the date of this Change Order or is held, or heretofore 
  

 - 3 - 

 
owned or may be held by Contractor and/or any Contractor Party, arising out of or in any way related to the Work, Contract, Project and/or the Site,
including but not limited to, any and all Changes, Claims, Disputes, Change Orders, NOC’s, Drawing revisions, Change Proposals, Construction Change Directives, and/or any materials, labor and/or services supplied or performed by, through or on
behalf of Contractor from the beginning of time and through the date of this Change Order, and without any reservation by Contractor or any Contractor Party of any rights or claims of any kind whatsoever, or any other matter, for future
consideration. Contractor hereby agrees, represents and warrants that this Change Order fully and finally resolves all outstanding Claims, Change Proposals and Changes, and there are no pending scope or other Changes or Change Proposals or Claims of
any kind, including, but not limited to implemented or not implemented, that relate to the period prior to the date of this Change Order that survive this Change Order and the release contained herein. 
 Contractor hereby agrees, represents and warrants that the matters released in this Change Order are not limited to matters which are known or disclosed,
and Contractor may discover facts different from or in addition to those that it now knows or believes to be true with respect to the matters released in this Change Order. Nonetheless, Contractor agrees that the releases and waivers in this Change
Order shall be and remain in full force and effect in all respects, notwithstanding such different or additional facts. Contractor’s releases and waivers in this Change Order shall be and remain in effect as a full and complete release of all
such matters, notwithstanding the discovery by Contractor of the existence of any additional or different claims or facts. Contractor hereby waives with respect to the matters released in this Change Order any and all rights and benefits which it
now has, or in the future may have conferred upon it, by virtue of the provisions of federal, state or local law, rules or regulations, including, without limitation, any provision of applicable law which provides that a general release does not
extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him or her must have materially affected his settlement with the debtor. Contractor has been advised by
counsel to its satisfaction as to the effect of this waiver. 
 In consideration of Contractor’s entering into this Change Order, and
subject to Paragraph 7 below and the provisions of the Contract (including, but not limited, Sections 5.8.7 and 5.12 thereof) and Contractor’s performance of its obligations and covenants under this Change Order, and effective as of the date of
receipt by Owner of the Final Lien Waivers, Conditional Lien Waivers and Application Certificates as provided in this Change Order, Owner hereby fully and forever unconditionally releases and discharges Contractor and its successors and assigns,
officers, members, managers, affiliates, agents, representatives, past and present, from, and hereby fully and completely waives, any and all claims (including, but not limited to, any Claims, and/or any adjustment to the Contract Time),
compensation, reimbursement, demands, rights, liens, actions, lawsuits, causes of action, obligations, debts, costs, expenses, attorneys’ fees, damages, judgments, Back Charges due to Project schedule delays and compression solely as a result
of and relating to the Work 
  

 - 4 - 

 
(“Back Charges” as used herein shall mean costs for work performed or costs incurred by Owner that should have been or allegedly should have been
performed or incurred by Contractor under the Contract), orders and liabilities of any kind or nature, under the Contract, or in law, equity or otherwise, which exists or may exist as of the date of this Change Order or is held, or heretofore owned
or may be held by Owner, and which is actually known to Owner, but solely and only to the extent arising out of or related to the request by Contractor for an increase in the GMP for the Claimed Amount and not relating to any defective or
noncomplying Work, whether or not such Work is a part of the Claimed Amount. Owner acknowledges that as of the date of this Change Order, and subject to Contractor’s performance of its obligations and covenants under this Change Order and the
Contract, Owner is not actually aware of any Claims or any other Back Charges held by Owner against Contractor under the Contract or at law or in equity (other than as to defective or noncomplying work as to which Owner has already provided notice
thereof to Contractor). 
  

	5.	RETAINAGE. 

 As of the date of this Change Order,
Owner is holding as Retainage, the total amount of $58,285,725 (“Retainage Amount”). The Retainage Amount plus any additional Retainage (as defined in Section 5.6 of the Contract) shall be held and may be used and/or applied by
Owner as provided in the Contract. The preceding notwithstanding, nothing in this Change Order shall be construed as a release or waiver by either party of any of their respective rights in and to the Retainage Amount and any Retainage under the
Contract. 
  

	6.	PROJECT SCHEDULE. 

 Contractor agrees that it shall
achieve Completion of the Project and Work not later than September 26, 2005, and Contractor represents, warrants and agrees that it is not aware of any facts, circumstances or events which would or might cause Completion to be delayed beyond
September 26, 2005 or cause the cost of the remaining Work for which Owner would be responsible under the Contract to exceed the current Guaranteed Maximum Price. 
  

	7.	MISCELLANEOUS. 

 In no event, and notwithstanding
any provision or term hereof, shall this Change Order or any term, provision, condition or release herein contained, in any way be or be construed to be a limitation on, or waiver or release of, any liability, responsibility or obligation of
Contractor (or any party that provided any services or materials to the Site or Project for, through, under the supervision of or on behalf of Contractor), directly or indirectly relating in any way to or arising out of or under the Contract and or
any of the materials, services and/or Work performed by, through, or on behalf of Contractor on the Site and/or Project. Further, nothing in this Change Order shall in any way impair, limit, modify, waive, release, or reduce Owner’s rights,
including, but not limited to, warranty, audit and/or setoff rights, under the Contract or any terms or conditions therein. 
  

 - 5 - 

 Except to the extent expressly set forth in this Change Order, nothing in this Change Order shall in any
way impair, limit, modify, waive, release, or reduce Contractor’s rights under the Contract or any terms or conditions therein including, without limitations, its rights to enforce or assert its rights under the Contract in defense of any Claim
asserted by Owner against Contractor after the effective date of this Change Order. 
 Contractor warrants and represents to Owner that it has
not assigned, granted or transferred in anyway to any other persons, entity, firm or corporation, in any manner, including by subrogation, any of the matters or claims released by this Change Order. 
 This Change Order is effective as of July 20, 2005. The invalidity of any of the provisions, or any portion thereof, of this Change Order, shall not
affect the remaining provisions or remaining portion thereof, and the remainder shall be construed as if such invalid provision or portion thereof had not been included in this Change Order. 
  

													
	OWNER:	 		 		 		 	CONTRACTOR:
			
	 WYNN LAS VEGAS, LLC,
 a Nevada limited liability company,
	 		 	 MARNELL CORRAO ASSOCIATES, INC.,
 a Nevada corporation

					
	By:	 	 WYNN RESORTS HOLDINGS
	 		 	 By:
	 	 /s/    ANTHONY A. MARNELL
II        

		 	 its told member
	 		 	 Name: Anthony A. Marnell II

		 		 		 		 		 	 Title: Chairman and Chief Executive Officer

		 	 By:
	 	 WYNN RESORTS, LIMITED
 its sole member
	 		 		 	
							
		 		 	 By:
	 	 /s/    STEPHEN A.
WYNN        
	 		 		 	
		 		 	 Name: Stephen A. Wynn
 Title: Chief Executive Officer
	 		 		 	
		 		 		 		 	ARCHITECT:
						
		 		 		 		 		 	 BUTLER/ASHWORTH ARCHITECTS, LLC,
 a Nevada limited liability company

							
		 		 		 		 		 	 By:
	 	 /s/    DERUYTER O.
BUTLER        

		 		 		 		 		 	 Name: DeRuyter O. Butler
 Title: President

  

 - 6 -

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