Document:

EX-10.5

 Exhibit 10.5 
 AMENDED AND RESTATED 
 CASINO LEASE 

BY AND BETWEEN 
 HRHH HOTEL/CASINO, LLC, 
 A DELAWARE LIMITED LIABILITY COMPANY

 (“LANDLORD”) 
 AND 
 LVHR CASINO, LLC 

A NEVADA LIMITED LIABILITY COMPANY 
 (“TENANT”) 
 June 15, 2012 

 AMENDED AND RESTATED CASINO LEASE 

THIS AMENDED AND RESTATED CASINO LEASE (“Lease”) is made and entered into as of the 15th day of
June, 2012 (the “Execution Date”), by and between HRHH HOTEL/CASINO, LLC, a Delaware limited liability company (“Landlord”), and LVHR CASINO, LLC, a Nevada limited liability company (“Tenant”). The
Landlord and Tenant are sometimes referred to herein singly as a “Party” and collectively as the “Parties.” 
 Recitals 
 A. Landlord owns the real property and improvements
comprising the Hard Rock Hotel & Casino, a mixed-use hotel and casino with dining, retail and entertainment located at 4455 Paradise Road, Las Vegas, Nevada 89169 (the “Resort”). 

B. Landlord and LVHR CASINO, INC., a Nevada corporation (“Former LVHR”) previously entered into that certain Casino
Lease dated as of March 1, 2011 (the “Original Lease”). 
 C. Contemporaneously herewith, the following
has also occurred: (i) pursuant to that certain Option Agreement dated as of March 1, 2011 by and between Warner Gaming, LLC and Landlord, Affiliates of Landlord exercised the option and acquired the entire equity interest in Former LVHR;
(ii) subsequent to that acquisition, Former LVHR was converted to a limited liability company, and is now the entity referred to herein as “Tenant”. 
 D. Tenant desires to lease from Landlord and Landlord desires to lease to Tenant (i) a portion of the Resort in which Gaming Operations (as hereinafter defined) are presently being conducted,
comprising approximately 75,000 square feet of floor space (as reflected on Exhibit A) as well as all other gaming areas located in and around the Resort’s swimming pool including, without limitation, areas containing all
front-of-the-house Casino-related slots, table games and sports book and all areas used for Gaming purposes (“Gaming Operations Location”) and (ii) the associated offices, back-of-the-house count rooms, casino cages, and all
surveillance areas within the Resort (collectively, the “Casino Offices”). The Gaming Operations Location and the Casino Offices are sometimes collectively referred to herein as the “Premises” and, together with the
fixtures that are permanently attached to the Premises, as the “Leased Property”. 
 E. Landlord (together with
certain Affiliates thereof) and WG-Harmon, LLC, a Nevada limited liability company (the “Manager”) have entered into that certain Amended and Restated Resort Management Agreement contemporaneously herewith (the “Resort
Management Agreement”), pursuant to which Manager is engaged to manage the operations of the Resort (including the Gaming Operations), as well as assets of certain of Landlord’s Affiliates. 

NOW, THEREFORE, in consideration of the mutual promises set forth herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Parties agree that the foregoing recitals are true and correct and incorporated into this Lease and the Parties further agree that Landlord will lease to Tenant, and Tenant will lease from Landlord,
the Leased Property on the following terms and conditions: 

  
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 ARTICLE 1 
 DEFINITIONS; CONSTRUCTION 
 1.1 Definitions. As
they are used in this Lease, the terms listed below shall have the meaning assigned to them as follows: 

“Affiliate” means, with respect to any Person, each Person that directly or indirectly, controls or is controlled
by or is under common control with such Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlled by” and “under common control with”), as used with respect to
any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities or by contract or otherwise. 

“Applicable Laws” means, with respect to a Party, all Nevada Gaming Laws, other laws, statutes, regulations,
rules, ordinances, codes, licenses, permits and orders, from time to time in existence, and all applicable judicial and administrative and regulatory decrees, judgments and orders, of all Governmental Authorities that are applicable to such Party
and its performance in question. 
 “Approvals” means all permits, licenses, authorizations,
registrations, entitlements, waivers and exemptions issued by or required from any Governmental Authority. 
 “Cash
Balance” has the meaning ascribed to such term in accordance with GAAP. 
 “Casino Offices”
has the meaning set forth for such term in Recital D. 
 “Column” has the meaning set forth for
such term in Section 8.1. 
 “Environmental Laws” means any federal, state, or local law,
statute, ordinance, or regulation, whether now or hereafter in effect, pertaining to industrial hygiene or the environmental conditions on, under, or about the Resort, including, without limitation, the following as now or hereafter amended: Toxic
Substances Control Act, 15 U.S.C. Sec. 2601 et seq., as now or hereafter amended, the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, 42 U.S.C. Sec. 9601 et seq. as now or hereafter amended, the Resource Conservation
and Recovery Act of 1976, 42 U.S.C. Sec. 5901 et seq., as now or hereafter amended, the Federal Hazardous Substances Act, 15 U.S.C. Sec. 1261 et seq., as now or hereafter amended, the Federal Water Pollution Control Act, 33 U.S.C. Sec. 1251 et seq.,
as now or hereafter amended, the Clean Air Act, 42 U.S.C. Sec. 7401, et seq., as now or hereafter amended, the Federal Insecticide, Fungicide, and Rodenticide Act, 7 U.S.C. Sec. 136 et seq., as now or hereafter amended, the Emergency Planning and
Community Right to Know Act of 1986, 42 U.S.C. Sec. 11001 et seq. as now or hereafter amended, the Occupational Safety and Health Act of 1970, 29 U.S.C. Sec. 651 et seq., as now or hereafter amended, the Hazardous Materials Transportation Act, 49
U.S.C. Sec. 1801 et seq., as now or hereafter amended, the statutes of the State of Nevada found currently at ch. 444, 445, 459, 

  
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477, 590, 618 or in the Uniform Fire Code, 1991 edition; and any corresponding state laws; and regulations rules, guidelines, or standards promulgated pursuant to such laws, statutes and
regulations, as such statutes, regulations, rules guidelines, and standards are amended from time to time. 
 “Event
of Default” has the meaning set forth for such term in Section 10.1 and Section 10.4. 

“Excess Cash” with respect to any month, means an amount equal to (i) the Cash Balance with respect to
Gaming Operations and existing as of the last day of such calendar month, minus (ii) the Gaming Cash Amount; provided, however, that if the foregoing calculation yields a value of zero (0) or less, then Excess Cash for such month will be
zero (0). 
 “Execution Date” has the meaning set forth for such term in the first paragraph hereof.

 “Facility Loan Documents” has the meaning set forth for such term in Section 8.1.

 “Facility Mortgage” has the meaning set forth for such term in Section 8.1. 

“Facility Mortgagee” has the meaning set forth for such term in Section 8.1. 

“Foreclosure Event” means any foreclosure, deed or assignment in lieu of foreclosure, sale or assignment by a
trustee pursuant to a power of sale, or other transfer (voluntary or involuntary) of the Leased Property or any portion thereof or interest therein in connection with the exercise of Facility Mortgagee’s remedies under the Facility Mortgage or
otherwise with respect to the loan evidenced by the Facility Loan Documents. 
 “Former LVHR” has the
meaning set forth for such term in the first paragraph hereof. 
 “GAAP” means generally accepted
accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board, in each
case which are in effect from time to time. 
 “Gaming” has the meaning set forth for such term in the
Gaming Act. 
 “Gaming Act” means the Nevada Gaming Control Act, Nevada Revised Statutes §§
463.010 et seq., as amended from time to time, or any successor statute thereto, and any regulations promulgated thereunder, and any other requirements of the Nevada Gaming Authorities. 

“Gaming Assets” means the assets owned, leased, held or used by Tenant in connection with the Gaming Operations,
both tangible and intangible, including, without limitation, all furniture, fixtures and equipment (including, without limitation, all “Gaming devices” and “Associated equipment” as defined in the Gaming Act), including but not
limited to the Existing Gaming Assets, and any replacements of any of the foregoing. 

  
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 “Gaming Cash Amount” means the sum of Eight Million Dollars
($8,000,000) and provided, however, that the Gaming Cash Amount shall be subject to adjustment from time to time by agreement of Landlord and Tenant as necessary to meet the working capital requirements of the Gaming Operations and to ensure the
prompt payment of all expenses of the Gaming Operations. 
 “Gaming Operations” means any and all Gaming
operated at the Resort. 
 “Gaming Operations Location” has the meaning set forth for such term in
Recital D. 
 “Governmental Authority” means, as to any Person, any federal, state, local, or
other governmental, regulatory or administrative agency, court, commission, department, board, or other governmental subdivision, legislature, rulemaking board, tribunal, or other governmental authority having jurisdiction over such Person or its
property or operations. 
 “Hazardous Materials” shall mean and include any substance or material
containing one or more of any of the following: “hazardous material,” “hazardous waste,” “hazardous substance,” “regulated substance,” “petroleum,” “pollutant,” “contaminant,
“polychlorinated biphenyls,” “lead or lead-based paint”, as such terms are defined in any applicable Environmental Laws in such concentration(s) or amount(s) as may impose clean-up, removal, monitoring or other responsibility
under the Environmental Laws, as the same may be amended from time to time. 
 “Landlord” has the
meaning set forth for such term in the first paragraph hereof. 
 “Lease” has the meaning set forth for
such term in the first paragraph hereof. 
 “Leased Property” has the meaning set forth for such term in
Recital D. 
 “Manager” has the meaning set forth for such term in Recital E. 

“Nevada Gaming Authorities” means the NGC, the NGCB, and the Clark County Liquor and Gaming Licensing Board.

 “NGC” means the Nevada Gaming Commission, or any successor agency thereto. 

“NGCB” means the Nevada Gaming Control Board, or any successor agency thereto. 

“Original Lease” has the meaning set forth for such term in Recital B. 

“Party” or “Parties” has the meaning set forth for such term in the first paragraph of
this Lease. 
 “Person” or “Persons” means any natural person, partnership,
limited liability company, joint venture, corporation, trust, unincorporated organization, or Governmental Authority. 

“Premises” has the meaning set forth for such term in Recital D. 

  
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 “Public Areas” means, with respect to each of the Premises and the
portion of the Resort not comprising the Premises, public areas as they exist from time to time including, but not limited to, parking areas, driveways, private roadways, walkways, stairways, corridors, entryways, and restroom facilities.

 “Rent” has the meaning set forth for such term in Section 4.1. 

“Resort” has the meaning set forth for such term in Recital A. 

“Resort Management Agreement” has the meaning set forth for such term in Recital E. 

“Sports Book Sublease” means that certain Race Book and Sports Pool Lease Agreement dated as of July 21,
2010 by and between the Existing Gaming Assets Owner and Cantor (G&W) Nevada, L.P. 
 “Standards”
means the standards of operation, service, and maintenance of the Leased Property, which shall be: (i) in a manner consistent with the requirements and limitations set forth in this Agreement, the Management Agreements and all Applicable Laws;
(ii) in a manner reasonably likely to protect and preserve the assets that comprise the Leased Property and enhance the long term value of the Leased Property over the Term; and (iii) in accordance with standards, policies and programs in
effect from time to time that Landlord reasonably determines are applicable to the operation of the Leased Property. In determining the specific or referenced standards applicable to items (ii) and (iii) above, and any other physical and
operational standards of the Leased Property, the standards at the Las Vegas hotels owned by the following publicly traded companies: MGM Hotels International, and Las Vegas Sands Corp., shall constitute the primary standards of reference, taking
into consideration the unique nature and character of the Leased Property location. 
 “Subordinate
Mortgagee” has the meaning set forth for such term in Section 8.1. 
 “Successor
Landlord” has the meaning set forth for such term in Section 9.3. 
 “Tenant”
has the meaning set forth for such term in the first paragraph hereof. 
 “Term” has the meaning set
forth in Section 2.1. 
 “Vegas HR Private Limited” has the meaning set forth for such term
in Section 8.1. 
 1.2 Captions; Section References. The captions for each Section and Subsection are
intended for convenience only. Unless expressly indicated otherwise, references in this Lease to “Sections” and “Articles” are references to sections of and articles of this Lease. 

1.3 Other Rules of Construction. Except as otherwise expressly provided herein: 

(a) defined terms have the meanings assigned to them in this Lease and include the plural as well as the singular; 

  
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 (b) pronouns of either gender or neuter shall include, as appropriate, the other pronoun
forms; 
 (c) the words “herein,” “hereof,” “herewith,” “hereunder,” and
“hereto,” and other words of similar import, refer to this Lease as a whole and not to any particular Section or other subdivision hereof; and 
 (d) the words “include,” “including” and other words of similar import mean “include, without limitation” or “including, without limitation,” regardless of whether
any reference to “without limitation” or words of similar import is made. 
 ARTICLE 2 

TERM 
 2.1 Term. The term of this Lease shall begin on the Execution Date and continue until the tenth (10th) anniversary of the Execution Date (the “Term”). The Term shall automatically renew for successive one
year periods for so long as the Leased Property is owned by Landlord and operated by Manager, unless terminated by either party pursuant to Section 10.6. This Lease shall automatically terminate upon the expiration of the Term. The provisions
of the Original Lease shall determine the rights, remedies, powers, privileges, liabilities and obligations of Landlord and Tenant relating to periods through the Execution Date, and the provisions of this Lease shall determine the rights, remedies,
powers, privileges, liabilities and obligations of Landlord and Tenant relating to the Term. 
 2.2 Holding Over.
In the event Tenant remains in possession of the Leased Property after the expiration of the Term, such holding over shall create a month-to-month tenancy, subject to all of the other terms and conditions hereof. During any such holdover period,
either Landlord or Tenant shall have the right to terminate this Lease upon not less than ninety (90) days’ written notice to Landlord. 
 ARTICLE 3 
 LEASE 

3.1 Demise of Leased Property. Landlord hereby leases and demises to Tenant, for the Term and any holdover period(s) as
described in Section 2.2, and Tenant hereby leases from Landlord for such period, the Leased Property. In connection with the foregoing, Tenant shall lawfully, peaceably and quietly have, hold, occupy and enjoy the Leased Property during
the Term without hindrance or ejection by Landlord or by any Persons lawfully claiming under Landlord (subject to the terms and provisions of Article 10 hereof). 
 3.2 Use of Public Areas. Landlord hereby grants to Tenant and its employees, agents, customers and invitees non-exclusive easement and right of access through and across the Public Areas of
the Resort for purposes of ingress and egress to the Leased Property, and for other purposes consistent with the intended uses of such Public Areas. Without limitation of the foregoing, Landlord agrees that non-dedicated parking areas of the Resort
may be used by Gaming Customers. Tenant hereby grants to Landlord, its employees, agents, customers and invitees a non-exclusive easement and right of access through and across the Public Areas of the Gaming Operations Location for purposes of
ingress and egress to the other portions of the Resort, and for other purposes consistent with the intended uses of such Public Areas. 

  
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 3.3 Conduct of Gaming Operations. Landlord understands and agrees that Tenant
will have complete control over the Gaming Operations on the Leased Property during the Term, and that Tenant shall be free to conduct the Gaming Operations on the Leased Property. 

ARTICLE 4 

RENT; OTHER PAYMENTS 
 4.1 Rent. During the Term, Tenant shall pay to Landlord rent for the Leased Property (“Rent”) in the amount of One Dollar and no/100 ($1.00) per month, which shall be paid
for each calendar month during the Term on the last day of such month in arrears. Rent for any partial calendar month shall be prorated on the basis of the number of days in such month falling within the Term divided by the number of days within
such calendar month. 
 4.2 Payment. Landlord hereby irrevocably instructs Tenant to make all payments of Rent and
other payments required to be paid by Tenant to Landlord hereunder, without offset, deduction, prior notice or demand, in lawful money of the United States of America, to the lockbox account designated in accordance with Section 9.2 or in the
absence of any such lockbox instructions, to the address for Landlord set forth in Section 13.10 or at such other place as Landlord may from time to time designate in writing. 

4.3 Excess Cash. For each calendar month during the Term, Tenant will calculate and certify in writing to Landlord the
amount of Excess Cash with respect to such month, and to the extent of Excess Cash for such month, Tenant will, subject to Section 9.2, remit to Landlord the Excess Cash for such month. 

ARTICLE 5 

LANDLORD OBLIGATIONS 
 5.1 Utilities. Landlord, at its cost and expense, shall provide or cause to be provided, throughout the Term (and any holdover periods) to the Premises, all necessary and appropriate utility
services, including, but not limited to, water, electricity, telephone, sewer, gas, fuel, garbage disposal and cable services, and including any and all charges for initiating and terminating such services such as disconnection fees,
“hook-up” fees and similar costs and fees (other than satellite and race fees related to the race and sportsbook). 

5.2 Compliance with Applicable Laws. Landlord shall comply with all Applicable Laws affecting the Resort (other than the
Leased Property, except to the extent of Landlord’s interest in the Real Property). 
 5.3 Landlord
Maintenance. Landlord agrees that, from and after the Execution Date and at all times during the Term, it will at its sole cost and expense, keep neat and clean, and maintain in good order, condition and repair, the Leased Property and every
part and portion thereof, in a tenantable and attractive condition, consistent with the terms hereof, and Landlord shall with commercially-reasonable promptness and diligence and subject to the requirements of the Facility Mortgage, make all
necessary and appropriate repairs and replacements thereto, including, but not limited to all necessary capital expenditures. 

  
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 ARTICLE 6 
 USE OF LEASED PROPERTY AND TENANT OBLIGATIONS 
 6.1 Conduct of
Gaming Operations. It is understood, and Tenant so agrees, that the Leased Property, at all times during the Term, shall be used and occupied by Tenant solely for the conduct of the Gaming Operations in compliance with all Applicable Laws.
Subject in all respects to the foregoing, Tenant shall conduct the Gaming Operations on a twenty four (24) hours-a-day, seven (7) days-a-week basis, and Tenant shall be responsible for collecting all revenues from the conduct of the Gaming
Operations. 
 6.2 Tenant Use of Casino Premises. Without limiting the Landlord’s obligations under
Section 5.3, Tenant shall use commercially reasonable efforts to keep the Leased Property clean and in good working order, subject to ordinary wear and tear, but in all events subject to compliance with the Standards. 

6.3 Non-Interference. Tenant shall not do, permit or suffer anything to be done or kept upon the Premises which will
obstruct or interfere with the rights of Landlord. 
 6.4 Compliance With Easements. The use of the Leased
Property by Tenant, its Affiliates, agents, employees, servants, contractors, licensees, customers or business invitees, shall at all times be in compliance with all covenants, conditions and restrictions, easements, reciprocal easement agreements,
rights of access, and other matters presently of public record or which may hereafter be placed of public record, which affect the Leased Property or the Resort, or any part thereof. Tenant expressly acknowledges and agrees that Landlord shall have
the right to record against the Resort additional covenants, conditions, restrictions, easements, reciprocal easement agreements, rights of access and/or other matters without the consent of Tenant. Tenant’s rights under this Lease shall be
subordinate to covenants, conditions, restrictions, easements, reciprocal easement agreements, rights of access and other comparable encumbrances that are intended to encumber or benefit the property in perpetuity. 

6.5 Compliance with Applicable Laws; Tenant Maintenance. Tenant shall comply with all Applicable Laws during the Term and
affecting the Leased Property or Tenant’s use thereof. Tenant shall not use the Leased Property so as to create waste or constitute a nuisance or disturbance. Tenant shall keep the Gaming Assets and any other personal property of Tenant located
on the Premises neat and clean and maintained in good working order, condition and repair, subject to ordinary wear and tear. The Gaming Assets are subject to the security interest of the Facility Mortgagee under the Facility Loan Documents, and
must be kept and maintained in compliance with the requirements of such security interest. All such repairs shall be made in a good, workmanlike manner, consistent with industry standards, in accordance with all Applicable Laws relating to any such
work, and in compliance with the Standards. 
 6.6 Compliance with Facility Loan Documents. Tenant shall
not use the Premises or the Gaming Assets in any manner that would violate any restrictions in the Facility Loan Documents or cause a default by Landlord under the Facility Loan Documents, and shall otherwise comply with all applicable provisions of
the Facility Loan Documents during the Term. 

  
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 6.7 Hazardous Materials. Tenant shall not use the Premises for the generation,
storage, manufacture, production, releasing, discharge, or disposal or any Hazardous Materials or allow or suffer any other Person to do so, except in full compliance with all Applicable Laws. 

6.8 Alterations. Tenant shall not make any structural or non-structural alteration or replacement (whether interior or
exterior, ordinary or extraordinary) of any nature or description to the Premises without having first obtained Landlord’s prior written approval thereof and to the extent involving structural alterations, Facility Mortgagee’s approval
unless such alterations are required by a Governmental Authority or to comply with Applicable Law. 
 6.9 Surrender of
Improvements. All additions, improvements and fixtures, including but not limited to trade fixtures, which may be made or installed by either Landlord or, if consented to by Landlord pursuant to Section 6.8, by Tenant, upon the
Leased Property during the Term shall remain upon the Leased Property and, at the termination of this Lease, shall be surrendered with the Leased Property as a part thereof. At the termination of this Lease, the Leased Property shall be surrendered
to Landlord in “broom clean” condition. 
 6.10 Redelivery of Leased Property. Upon expiration or
earlier termination of this Lease, Tenant shall redeliver the Leased Property, including the Improvements, to Landlord generally in the same condition as it existed at the commencement of the Term, ordinary wear and tear excepted, except to the
extent of any betterments made by Landlord or Tenant. 
 ARTICLE 7 

INSURANCE 
 7.1 Landlord Insurance. Landlord shall obtain and maintain, or cause to be maintained, at all times during the Term and at its own expense, insurance coverage in connection with the Resort
required pursuant to the Facility Loan Documents. 
 7.2 Tenant Insurance. Tenant shall, at all times during the
Term and at its own expense, maintain in full force and effect the insurances required by Landlord from time to time. 

ARTICLE 8 

FACILITY MORTGAGES 
 8.1 Landlord May Grant Liens. Without the consent of Tenant but subject to the Facility Loan Documents, Landlord may, subject to the terms and conditions set forth in this
Section 8.1, from time to time, directly or indirectly, create or otherwise cause to exist any lien upon Landlord’s interest in the Leased Property or the Resort, or any portion thereof or interest therein (any such lien, as the
same may be amended, modified, restated or replaced from time to time, a “Facility Mortgage”; and the holder of any such Facility Mortgage from time to time, including any such holder’s successors and assigns, a
“Facility Mortgagee”), whether to secure any borrowing or other means of financing or refinancing. As of the date hereof, the Facility Mortgage is that certain Construction Deed of Trust, Assignment of Leases and Rents, Security
Agreement and Financing Statement (Fixture Filing), dated as of February 2, 2007, as modified 

  
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by (i) that certain Modification of Construction Deed of Trust, Assignment of Leases and Rents, Security Agreement and Financing Statement (Fixture Filing) and Other Loan Documents, dated as
of November 6, 2007, made by Landlord, HRHH IP, LLC, a Delaware limited liability company, HRHH Development, LLC, a Delaware limited liability company, HRHH Cafe, LLC, a Delaware limited liability company and HRHH Gaming, LLC, a Nevada limited
liability company, collectively as trustors, for the benefit of Column Financial, Inc., a Delaware corporation (“Column”), as beneficiary, (ii) that certain Second Modification of Construction Deed of Trust, Assignment of
Leases and Rents, Security Agreement and Financing Statement (Fixture Filing) and Second Modification of Assignment of Leases and Rents, dated as of December 24, 2009, made by and among Vegas HR Private Limited, a Singapore corporation
(“Vegas HR Private Limited”), and the other trustors named in the foregoing clause (i), (iii) that certain Third Modification of Construction Deed of Trust, Assignment of Leases and Rents, Security Agreement and Financing
Statement (Fixture Filing) and Third Modification of Assignment of Leases and Rents among Vegas HR Private Limited and the other trustors named in the foregoing clause (i), (iv) that certain Fourth Modification of Construction Deed of Trust,
Assignment of Leases and Rents, Security Agreement and Financing Statement (Fixture Filing) among Vegas HR Private Limited and the other trustors named in the foregoing clause (i), and (v) that certain Omnibus Amendment and Joinder to Fourth
Amended and Restated Loan Agreement and Loan Documents, by and among Vegas HR Private Limited, the other trustors named above, and Tenant. As of the date hereof, the Facility Mortgagee is Vegas HR Private Limited, pursuant to an Assignment and
Assumption (Senior Loan), dated as of November 9, 2007, by and between Column, as assignor, and Vegas HR Private Limited, as assignee. Tenant acknowledges that, as of the date hereof, Landlord is also encumbering Landlord’s interest in the
Lease Property and Resort pursuant to a second priority deed of trust in favor of Brookfield Financial, LLC – Series B (“Subordinate Mortgagee”). A Facility Mortgage, the loan agreement pursuant to which such Facility Mortgage
was granted and the other loan documents entered into in connection therewith shall be referred to collectively herein as “Facility Loan Documents.” 
 8.2 Tenant Cooperation. Tenant shall, upon the request of Landlord or any Facility Mortgagee(s), and to the extent in Tenant’s possession, (i) provide Landlord and/or any Facility
Mortgagee(s) with copies of all licenses, permits, occupancy agreements, operating agreements, leases, contracts, notes, inspection reports, studies, appraisals, assessments, default or other notices and similar materials reasonably requested in
connection with any existing or proposed financing of the Resort or the Leased Property, and (ii) execute such reasonable collateral assignments with respect to the licenses and any of the other aforementioned agreements relating to the Resort
or the Leased Property as Landlord and/or such Facility Mortgagee(s) may reasonably request in connection with any such financing, provided that no such collateral assignment shall modify the terms of this Lease. 

ARTICLE 9 

SUBORDINATION; NON-DISTURBANCE; ATTORNMENT; RIGHT TO CURE 

9.1 Subordination of Lease. This Lease, and any and all rights of Tenant hereunder, are and shall be subject and
subordinate to any Facility Mortgage and the other related Facility Loan Documents, and all renewals, extensions, modifications, consolidations and replacements thereof, and to each and every advance made or hereafter to be made under any such
Facility 

  
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Mortgage or other related Facility Loan Documents. This Section shall be self-operative and no further instrument of subordination shall be required, provided, however, that Tenant shall execute
a memorandum of lease in form and substance reasonably satisfactory to Landlord and Facility Mortgagee and in recordable form which specifically includes the subordination provisions of this Section 9.1. Notwithstanding and without
limiting the foregoing, in confirmation of such subordination, Tenant shall promptly execute, acknowledge and deliver any instrument that Landlord, any Facility Mortgagee, or any of their respective successors in interest may reasonably request to
evidence such subordination and this Lease shall be terminable by a Successor Landlord in connection with or following a Foreclosure Event pursuant to the terms of such subordination instrument. Tenant shall not unreasonably withhold its consent to
any amendment to this Lease reasonably required by any Facility Mortgagee, provided that such amendment does not (i) increase Tenant’s rental obligations or other financial obligations hereunder, or (ii) have a material adverse effect
upon Tenant’s rights hereunder, or (iii) materially increase Tenant’s non-economic obligations hereunder, or (iv) decrease Landlord’s obligations hereunder. 

9.2 Cash Management Procedures. For any period during which cash management procedures are implemented by or on behalf of
any Facility Mortgagee, Tenant shall pay Rent and any other amounts payable hereunder (including the Excess Cash) to such Facility Mortgagee’s lockbox account as designated by such Facility Mortgagee in writing. 

9.3 Successor Landlord. In the event that any Facility Mortgagee or the nominee or designee of any Facility Mortgagee shall
succeed to the rights of Landlord under this Lease (any such person, a “Successor Landlord”), whether through possession or a Foreclosure Event or delivery of a new deed, or otherwise, at such Successor Landlord’s election, in
its absolute discretion, such Successor Landlord may elect to recognize Tenant’s rights under this Lease as herein provided and, in such event, Tenant shall attorn to and recognize the Successor Landlord as Tenant’s landlord under this
Lease and Tenant shall promptly execute and deliver any instrument that such Successor Landlord may reasonably request to evidence such attornment (provided that such instrument does not alter the terms of this Lease), whereupon, this Lease shall
continue in full force and effect as a direct lease between the Successor Landlord and Tenant upon all of the terms, conditions and covenants as are set forth in this Lease, except that the Successor Landlord shall not be (a) liable in any way
to Tenant for any act or omission, neglect or default on the part of any prior landlord under this Lease, (b) responsible for any monies owing by or on deposit with any prior landlord to the credit of Tenant (except to the extent actually paid
or delivered to the Successor Landlord), (c) subject to any counterclaim or setoff which theretofore accrued to Tenant against any prior landlord, (d) bound by any modification of this Lease entered into subsequent to the execution of the
applicable Facility Mortgage unless consented to by the applicable Facility Mortgagee as required under this Lease, or by any previous prepayment of Rent for more than one (1) month in advance of the date due hereunder, which was not approved
in writing by the applicable Facility Mortgagee, (e) liable to Tenant beyond the Successor Landlord’s interest in the Resort and the rents, income, receipts, revenues, issues and profits issuing from the Resort, (f) responsible for
the performance of any work to be done by Landlord under this Lease to render the Premises ready for occupancy by Tenant, (g) required to remove any Person occupying the Premises or any part thereof, except if such Person claims by, through or
under the Successor Landlord, or (h) required to pay Manager any Sale Buy-Out Amount. Tenant agrees at any time and from time to time to execute a suitable instrument in confirmation of Tenant’s agreement to attorn, as aforesaid.

  
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 9.4 Notice to Facility Mortgagee(s). No default notice from Tenant to Landlord
under this Lease shall be effective unless and until a copy of the same is given to any Facility Mortgagee(s). The curing of any Landlord default by any Facility Mortgagee(s) shall be treated as performance by Landlord, provided any such cure shall
be made within the time periods set forth herein (as extended by this Section 9.4 and Section 10.4). Any Facility Mortgagee(s) shall have the right but not the obligation to remedy any Landlord default under this Lease, or to
cause any default of Landlord under this Lease to be remedied, and for such purpose Tenant hereby grants any Facility Mortgagee(s), in addition to the period given to Landlord for remedying defaults, an additional thirty (30) days to remedy, or
cause to be remedied, any such default. Tenant shall accept performance by any Facility Mortgagee(s) of any term, covenant, condition or agreement to be performed by Landlord under this Lease with the same force and effect as though performed by
Landlord. No Landlord default under this Lease shall exist or shall be deemed to exist (i) as long as any Facility Mortgagee, in good faith, shall have commenced to cure such default within the above-referenced time period and shall be
prosecuting the same to completion with reasonable diligence, subject to Force Majeure, or (ii) if possession of the Premises is required in order to cure such default, or if such default is not susceptible of being cured by any Facility
Mortgagee, as long as any Facility Mortgagee, in good faith, shall have notified Tenant that such Facility Mortgagee intends to institute proceedings under the Facility Loan Documents, and, thereafter, as long as such proceedings shall have been
instituted and shall be prosecuted with reasonable diligence. Neither any Facility Mortgagee nor any Successor Landlord shall become liable under this Lease unless and until such Facility Mortgagee or such other Successor Landlord becomes, and then
only with respect to periods in which such Facility Mortgagee or such other Successor Landlord remains, the owner of the Premises. In no event shall any Facility Mortgagee or any other Successor Owner have any personal liability as successor to
Landlord, and Tenant shall look only to the estate and property of such Facility Mortgagee or such other Successor Owner in the Leased Property for the satisfaction of Tenant’s remedies for the collection of a judgment (or other judicial
process) requiring the payment of money in the event of any default by any Facility Mortgagee or other Successor Owner as landlord under this Lease, and no other property or assets of any Facility Mortgagee or any other Successor Owner shall be
subject to levy, execution or other enforcement procedure for the satisfaction of Tenant’s remedies with respect to this Lease. Any Facility Mortgagee shall have the right, without Tenant’s consent, to foreclose its Facility Mortgage
either judicially or pursuant to the power of sale or to accept a deed in lieu of foreclosure of such Facility Mortgage or to exercise any other rights or remedies available under the Facility Loan Documents and in connection therewith terminate
this Lease. 
 9.5 Consent of Facility Mortgagee(s). Neither the Landlord nor the Tenant shall modify, amend or
supplement this Lease, without, in each instance, the consent of any Facility Mortgagee(s), which consent may be granted or withheld in accordance with the terms of the Facility Loan Documents, and any attempted modification, amendment or supplement
without the consent of any Facility Mortgagee(s) as provided herein shall be void ab initio. 

  
 12 

 ARTICLE 10 
 EVENTS OF DEFAULT; EARLY TERMINATION 
 10.1 Tenant’s
Default. The occurrence of any one or more of the following events shall be an “Event of Default” under this Lease: 
 (a) Tenant shall default in the payment of any sum of money required to be paid hereunder, and shall fail to cure such default within ten (10) calendar days after written notice from Landlord;

 (b) Tenant shall default in the performance of any other term, covenant or condition of this Lease on the part of Tenant to
be kept and performed and such default continues for thirty (30) calendar days after written notice thereof from Landlord to Tenant; provided, however, that if the default complained of in such notice is of such a nature that the
same can be rectified or cured, but cannot with reasonable diligence be done within said thirty (30) calendar-day period, then such longer time as may be reasonably necessary to cure such breach (but not to exceed one hundred twenty
(120) days) provided Tenant is diligently pursuing such cure. 
 10.2 Remedies. Upon the occurrence of an
Event of Default (subject to all applicable rights of notice and cure), as its sole and exclusive remedy, Landlord shall have the right to declare the Term ended and, subject to Applicable Laws, to re-enter the Premises and take possession thereof,
and to terminate all of the rights of Tenant in and to the Leased Property. 
 10.3 Waiver by Landlord. The waiver
by Landlord of any particular Event of Default or breach of any of the terms, covenants or conditions hereof on the part of Tenant to be kept and performed shall not be a waiver of any preceding or subsequent Event of Default or breach of the same
or any other term, covenant or condition contained herein. Landlord’s failure to insist upon strict performance of any of the terms, conditions or covenants herein shall not be deemed to be a waiver of any rights or remedies of Landlord. The
subsequent acceptance of Rent by Landlord shall not be construed to be a waiver of any preceding breach by Tenant of any term, covenant or condition of this Lease other than the failure of Tenant to pay the particular Rent or other payment or
portion thereof so accepted, regardless of Landlord’s knowledge of such preceding breach at the time of acceptance of such rental or other payment. No payment by Tenant or receipt by Landlord of a lesser amount than the Rent shall be deemed to
be other than on account of the earliest Rent due and payable hereunder (subject in all respects to all applicable provisions of Article 4), nor shall any endorsement or statement on any check or any letter accompanying any check or payment
as Rent be deemed an accord and satisfaction, and Landlord may accept any such check or payment without prejudice to Landlord’s right to recover the balance of such Rent or pursue any other remedy provided in this Lease or in law or equity.
This Section 10.3 may not be waived. 
 10.4 Default by Landlord. In the event Landlord fails or
refuses to perform any of the provisions, covenants or conditions of this Lease on Landlord’s part to be kept or performed, then Tenant, prior to exercising any right or remedy Tenant may have against Landlord on account of such default, shall
give written notice to Landlord and any Facility Mortgagee(s) of such default, specifying in said notice the default with which Landlord is charged, and Landlord shall not be deemed in default if the same is cured within thirty (30) calendar
days of receipt of 

  
 13 

 
said notice; provided, however, that if the default complained of in the notice is of such a nature that the same can be rectified or cured by Landlord, but cannot with reasonable
diligence be rectified or cured by Landlord within said thirty (30) calendar-day period, then such default shall be deemed to be rectified or cured if Landlord within a thirty (30) calendar-day period shall commence the rectification and
curing thereof and shall continue thereafter with all due diligence to cause such rectification and curing to proceed. Upon the occurrence of a default hereunder by Landlord, and subject to applicable rights of notice and cure as provided in this
Section 10.4, as its sole and exclusive remedy, Tenant may exercise the right to terminate this Lease. 
 10.5
Compliance with Applicable Laws. Notwithstanding any other term or provision of this Lease to the contrary, with respect to any termination of this Lease, this Lease will remain in effect for as long as may be required in order for Tenant
to comply with all Applicable Laws with respect to the Tenant’s termination of the conduct of the Gaming Operations, as such Applicable Laws may apply with respect to the facts and circumstances of any such termination, and the effective date
of any termination of this Lease will reflect the foregoing. 
 10.6 At Will Termination. Either Party may, with
or without cause and at any time during the Term, terminate this Lease upon thirty (30) days’ prior written notice to Tenant, without the payment of any termination fee or other similar payment. 

ARTICLE 11 

ASSIGNMENT OR SUBLETTING 
 11.1 Assignment. Except for the Sports Book Sublease, Tenant shall not assign, mortgage, pledge, hypothecate or encumber this Lease nor leasehold estate hereby created or any interest
herein, or sublet the Leased Property or any portion thereof, or license the use of all or any portion of the Leased Property without Landlord’s prior written consent, which determination shall be made in Landlord’s sole discretion;
provided, however, any such assignee must have all Approvals necessary for such Assignee’s performance of its respective obligations hereunder. Tenant shall not assign its interest under the Lease in any manner that would result in a third
party becoming the “Tenant” under this Lease without the prior written consent of Landlord and Facility Mortgagee. The acceptance of Rent by Landlord from any other Person shall not be deemed to be a waiver of any provision of this Lease
or consent to the assignment of Tenant’s interest in this Lease. Absent a written agreement to the contrary which is executed by Landlord, no assignment, mortgage, pledge, hypothecation or encumbrance of this Lease by Tenant shall act as or
effect a release of Tenant from any of the agreements, obligations and covenants of this Lease to be performed by Tenant hereunder. 
 11.2 No Merger. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation hereof, or the termination of this Lease by Landlord pursuant to any provision contained
herein, shall not work a merger, but at the option of Landlord, shall either terminate any or all existing subleases or subtenancies, or operate as an assignment to Landlord of any and all such subleases or subtenancies as determined by Landlord,
exercisable in Landlord’s sole discretion. 

  
 14 

 11.3 No Passage by Law. It is understood and agreed that neither this Lease
nor any interest herein or hereunder, nor any estate hereby created in favor of Tenant, shall pass by operation of law under any state or federal insolvency; bankruptcy or inheritance act, or any similar Applicable Law now or hereafter in effect, to
any trustee, receiver, assignee for the benefit of creditors, heir, legatee, devisee, or any other Person whomsoever without the express prior written consent of Landlord, exercisable in Landlord’s sole discretion, and subject to Applicable
Laws. 
 ARTICLE 12 
 RIGHT OF ACCESS 
 12.1 Leased Property. Subject to
Applicable Laws (including, without limitation, the Gaming Act), Landlord and its authorized agents and representatives shall be entitled to enter the Leased Property at any reasonable time for the purpose of (a) observing, posting or keeping
posted thereon notices provided for hereunder, and such other notices as Landlord may reasonably deem necessary or appropriate for protection of Landlord, its interest or the Leased Property, (b) inspecting the Leased Property or any portion
thereof, (c) inspecting the Leased Property relative to concerns over use, storage or disposal of Hazardous Materials, and (d) making repairs to the Leased Property or any other portion of the Property and performing any work therein or
thereon which Landlord may reasonably elect or be required to make hereunder, including, without limitation, Landlord’s maintenance and repairs, or which may be necessary to comply with any Applicable Laws or any applicable standards that may,
from time to time, be established by an insurer, or which Landlord may reasonably deem necessary or appropriate to prevent waste, loss, damage or deterioration to or in connection with the Leased Property or any other portion of the Resort or for
any lawful purpose. In no event shall Landlord have access to any area for which access is restricted in accordance with the Gaming Act, except pursuant to such laws. Landlord shall have the right to use any means which Landlord may reasonably deem
proper to open all doors in the Leased Property in an emergency. Entry into the Leased Property obtained by Landlord by any such means shall not be deemed to be forcible or unlawful entry into, or a detainer of, the Leased Property, or an eviction
of Tenant from the Leased Property or any portion thereof. Nothing contained herein shall impose or be deemed to impose any duty on the part of Landlord to do any work or repair, maintenance, reconstruction or restoration, which under any provision
of this Lease is required to be done by Tenant, and any performance thereof by Landlord shall not constitute a waiver of Tenant’s default in Tenant’s failure to do the same. 

ARTICLE 13 

MISCELLANEOUS PROVISIONS 
 13.1 Governing Law. This Agreement and the rights and obligations of the Parties shall be construed and governed by the laws of the State of Nevada. 

13.2 Severability. If any of the terms or provisions hereof shall be held invalid or unenforceable, such terms or
provisions will be deemed reformed (without requirement of the execution of an amendment by the Parties hereto) to the extent required for such term or provision to be held valid or enforceable, as applicable; and further, no such invalidity or
unenforceability shall affect any of the other terms or provisions hereof. 

  
 15 

 13.3 Successors and Assigns. Except as herein otherwise expressly provided,
the terms hereof shall be binding upon and shall inure to the benefit of the heirs, executors, administrators, successor and assigns of Landlord and Tenant, subject to restrictions on assignment of this Lease as provided herein. 

13.4 Force Majeure. Neither Party shall be in default in the performance of its obligations under this Lease if such
failure of performance is due to causes beyond its reasonable control, including acts of God, war, fires, floods, or accidents causing damage to or destruction of the Leased Property, or any other causes, contingencies, or circumstances not subject
to such Party’s reasonable control which prevent or hinder performance of this Agreement; provided, however, in no event will the provisions of this Section 13.4 excuse an obligation of a Party to make a payment as required in
accordance with the terms and provisions of this Agreement. 
 13.5 Waivers. No failure or delay by either Party
to insist upon the strict performance of any covenant, agreement, term or condition of this Lease, or to exercise any right or remedy consequent upon the breach thereof, shall constitute a waiver of any such breach or any subsequent breach of such
covenant, agreement, term or condition. No waiver of any breach shall affect or alter this Lease, but each and every covenant, agreement, term and condition of this Lease shall continue in full force and effect with respect to any other
then-existing or subsequent breach thereof. 
 13.6 Entire Agreement. This Lease contains the entire agreement and
understanding of the Parties with respect to the subject matter hereof and supersedes all prior agreements, representations, understandings, offers and communications regarding such subject matter, whether oral or written. 

13.7 Amendment. This Lease may be amended only by a written instrument duly executed by each Party hereto, and consented to
by any Facility Mortgagee. 
 13.8 No Partnership. Nothing contained in this Lease shall be deemed or construed by
the Parties hereto or by any third party to create the relationship of principal and agent or to partnership or of joint venture or of any association between Landlord and Tenant, nor shall anything contained herein be deemed to create any
relationship between Landlord and Tenant other than the relationship of Landlord and Tenant. 
 13.9 Time. Time of
the essence of this Lease and all of the terms and conditions hereof; provided, however, that whenever any determination is to be made or action is to be taken on a date specified in this Lease, if such date shall fall on a Saturday, Sunday or legal
holiday under the laws of the State, or the United States, then in such event said date shall be extended to the next day which is not a Saturday, Sunday or legal holiday. 

  
 16 

 13.10 Notice. All notices and other communications under this Lease shall be
in writing and shall be deemed given (a) when delivered personally by hand (with written confirmation of receipt), (b) one business day following the day sent by overnight courier (with written confirmation of receipt), (c) by
facsimile with report of confirmation during business hours, in each case at the following addresses or telecopier number (or to such other address or numbers as a Party may have specified by notice given to the other Party pursuant to this
provision): 
  

			
	If to Landlord:	  	HRHH Hotel/Casino, LLC
		
		  	 Theresa Hoyt
 Senior Vice
President
 Brookfield Real Estate Financial Partners, LLC
 Three World Financial Center
 200 Vesey Street, 11th Floor
 New York, NY 10281-1021
 Facsimile: 212-417-7263

E-mail: theresa.hoyt@brookfield.com

		
		  	with a copy to:
		
		  	 Hard Rock Hotel & Casino
 4455 Paradise Road
 Las Vegas, NV 89169
 Attention: Katie Fellows, Vice President and General Counsel
 Facsimile:
(702) 693-5557
 E-mail: kfellows@hrhvegas.com

	If to Tenant:	  	LVHR Casino, LLC
		
		  	 Theresa Hoyt
 Senior Vice
President
 Brookfield Real Estate Financial Partners, LLC
 Three World Financial Center
 200 Vesey Street, 11th Floor
 New York, NY 10281-1021
 Facsimile: 212-417-7263

E-mail: theresa.hoyt@brookfield.com

		
		  	 with a copy to:

		
		  	 Hard Rock Hotel & Casino
 4455 Paradise Road
 Las Vegas, NV 89169
 Attention: Katie Fellows, Vice President and General Counsel
 Facsimile:
(702) 693-5557
 E-mail: kfellows@hrhvegas.com

 Electronic mail addresses are for convenience only, and any notice sent by e-mail must also be sent by one of the means
specified above to be deemed effectively given. 
 13.11 Counterparts. This Lease may be executed in counterparts
and all of such counterparts, taken together, shall be deemed part of one instrument. 
 13.12 Gaming Authorities
Requirements. Landlord and Tenant agree that notwithstanding any of the provisions herein, if at any time during the Term, the Nevada Gaming 

  
 17 

 
Authorities require or prohibit any act on the part of Landlord or Tenant, Landlord or Tenant, as applicable, shall comply with such requirement or prohibition as the case may be, and any such
compliance shall not be deemed a breach of this Lease. 
 13.13 Further Assurances. Each party will, from time to
time after the execution of this Lease, execute and deliver such instruments, documents and assurances and take such further acts as the other party may reasonably request to carry out the purpose and intent of this Lease without undue delay. Any
party who fails to comply with this Section 13.13 shall reimburse the other party for any direct expenses, including attorneys’ fees and court costs, which, as a result of this failure, become reasonably necessary for carrying out
this Lease. 
 13.14 Subject to Facility Loan Documents. This Lease is subject to the terms and conditions of the
Facility Loan Documents. To the extent there is a conflict between the Facility Loan Documents and the non-economic terms of this Lease, the terms of the Facility Loan Documents shall govern. Each of the Landlord and Tenant expressly agree and
acknowledge that any Facility Mortgagee and its successors and assigns, but no other person or entities, are third- party beneficiaries hereof. 
 13.15 Consents and Approvals. Where approval or consent or other action of the Tenant is required, such approval shall mean the written approval of the Tenant’s representative, who, as
between Tenant and Landlord, shall be provided with all requisite corporate authority to act on behalf of Tenant for purposes of this Agreement. Where approval or consent or other action of the Landlord is required, such approval shall mean the
written approval of the Landlord’s representative, who, as between Landlord and the Tenant, shall be provided with all requisite corporate authority to act on behalf of the Landlord for purposes of this Agreement. 

13.16 Covenant of Good Faith and Fair Dealing. Each Party agrees to act in good faith in dealing with one another pursuant
to this Lease. Each Party hereby covenants to the others that it shall not undermine the rights of the other Party hereto with respect to the Agreement and will cooperate with each other in achieving the goals of this Lease; provided,
however, that nothing in the foregoing will be deemed to limit or otherwise affect the rights of a Party to terminate this Lease, all as provided for in this Lease. 
 13.17 Amended and Restated. This Lease amends and restates in its entirety the Original Lease. 
 [signatures on following page] 

  
 18 

 IN WITNESS WHEREOF, the Parties hereto have caused this Lease to be executed as of
the day and year first above written. 
  

									
	LANDLORD:	 		 	TENANT:
			
	HRHH HOTEL/CASINO, LLC	 		 	LVHR CASINO, LLC
					
	By:	 	

	 		 	By:	 	

		 	  
	 		 		 	  

	Name:	 	Theresa A. Hoyt	 		 	Name:	 	Theresa A. Hoyt
	Title:	 	Authorized Representative	 		 	Title:	 	Authorized Representative

 Exhibit A 
 Site Plan showing Gaming Operations Location 

  
 EXHIBIT AEX-10.7

 Exhibit 10.7 
 OMNIBUS AMENDMENT AND JOINDER TO FOURTH AMENDED AND RESTATED 

LOAN AGREEMENT AND LOAN DOCUMENTS 
 OMNIBUS AMENDMENT AND JOINDER TO FOURTH AMENDED AND RESTATED LOAN AGREEMENT AND LOAN DOCUMENTS, dated as of June 15, 2012 (this “Agreement”), among (A) VEGAS HR
PRIVATE LIMITED, a Singapore corporation, having an address c/o GIC Real Estate, Inc., 335 Madison Ave, 24th Floor, New York, NY 10017 (together with its successors and assigns, “Lender”), as successor to Column Financial, Inc.
(“Original Lender”), (B) HRHH HOTEL/CASINO, LLC, a Delaware limited liability company (“Hotel/Casino Borrower”), HRHH CAFE, LLC, a Delaware limited liability company (“Cafe Borrower”), HRHH
DEVELOPMENT, LLC, a Delaware limited liability company (“Adjacent Borrower”), HRHH IP, LLC, a Delaware limited liability company (“IP Borrower”), HRHH GAMING, LLC, a Nevada limited liability company (“Gaming
Borrower”; and each of Hotel/Casino Borrower, Cafe Borrower, Adjacent Borrower, IP Borrower and Gaming Borrower, individually, an “Existing Borrower”, and collectively, the “Existing Borrowers”), and LVHR
CASINO, LLC, a Nevada limited liability company (“Gaming Operations Borrower” and together with each of the Existing Borrowers, individually, a “Borrower”, and collectively, the “Borrowers”) jointly
and severally, each having its principal place of business c/o Brookfield Financial Partners, LLC, Three World Financial Center, 200 Vesey Street, New York, New York 10281-1021, Attention: Theresa A. Hoyt, and (C) BREF TWO, LLC, a Delaware
limited liability company, having its principal place of business c/o Brookfield Financial Partners, LLC, Three World Financial Center, 200 Vesey Street, New York, New York 10281-1021, Attention: Theresa A. Hoyt (“Guarantor”).

 W I T N E S S E T H: 

WHEREAS, Existing Borrowers and Lender entered into that certain Fourth Amended and Restated Loan Agreement dated as of
March 1, 2011 by and among Lender and the Existing Borrowers (as amended hereby, and as the same may be further amended, modified and in effect from time to time, the “Loan Agreement”) pursuant to which Lender made a mortgage
loan to Existing Borrowers in the original principal amount of $1,030,000,000, which Loan is evidenced by, amongst other things (a) that certain Amended and Restated Replacement Promissory Note A dated as of March 1, 2011, executed by
Existing Borrowers in favor of Lender, in the original principal amount of $620,000,000; (b) that certain Amended and Restated Promissory Note B dated as of March 1, 2011, executed by Existing Borrowers in favor of Lender, in the original
principal amount of $410,000,000; (c) that certain first priority Construction Deed of Trust, Assignment of Leases and Rents, Security Agreement and Financing Statement (Fixture Filing), dated February 2, 2007, executed and delivered by
Existing Borrowers as security for the Loan and encumbering the Properties (as defined herein), as modified by that certain Modification of Construction Deed of Trust, Assignment of Leases and Rents, Security Agreement and Financing Statement
(Fixture Filing) and Other Loan Documents dated as of November 6, 2007, that certain Second Modification of Construction Deed of Trust, Assignment of Leases and Rents, Security Agreement and Financing Statement (Fixture Filing) and Second
Modification of Assignment of Leases, dated as of December 24, 2009, that certain Third Modification of Construction Deed of Trust, Assignment of Leases and Rents, Security Agreement and Financing

 
Statement (Fixture Filing) and Third Modification of Assignment of Leases dated as of March 1, 2011 and that certain Fourth Modification of Construction Deed of Trust, Assignment of Leases
and Rents, Security Agreement and Financing Statement (Fixture Filing) dated as of May 23, 2011 (the “Existing Mortgage”); (d) that certain Third Amended and Restated Cash Management Agreement dated as of March 1,
2011 (the “Existing Cash Management Agreement”) by and among Existing Borrowers and Lender; (e) that certain Amended and Restated Lockbox Agreement, dated as of March 1, 2011 (the “Existing Lockbox
Agreement”) by and among Existing Borrowers, LVHR (as defined below), WGH (as defined below) and Lockbox Bank; and (f) that certain Guaranty Agreement dated as of March 1, 2011 (as amended hereby and as the same may be amended,
restated, replaced, severed, assigned, supplemented or otherwise modified from time to time, the “Non Recourse Guaranty”), executed by Guarantor in favor of Lender (the foregoing and all other transactions associated with the
foregoing, the “2011 Modification”). Unless otherwise defined herein, capitalized terms used in this Agreement shall have the meanings set forth in the Loan Agreement (as amended by this Agreement, as the case may be); 

WHEREAS, in connection with the 2011 Modification (a) Hotel/Casino Borrower engaged Gaming Operations Borrower (formerly
known as LVHR Casino, Inc., a Nevada corporation (in such capacity, “LVHR”)) to lease the Casino Component pursuant to the terms of that certain Casino Lease dated as March 1, 2011 (such lease, the “Existing Casino
Component Lease”), (b) Gaming Borrower transferred its right, title and interest in and to the assets associated with the gaming operations at the Property to LVHR in accordance with the terms of the certain Existing Gaming Assets
Acquisition Agreement dated as of March 1, 2011 by and between Gaming Borrower and LVHR, (c) LVHR engaged WG-Harmon LLC (“WGH”) to manage all Gaming Operations in accordance with the terms of that certain Management
Agreement (Gaming Operations) dated as of March 1, 2011 (the “Gaming Management Agreement”), (d) Hotel/Casino Borrower entered into that certain Option Agreement, dated as of March 1, 2011 (as the same may be amended,
restated, replaced, severed, assigned, supplemented or otherwise modified from time to time in accordance with the terms hereof, the “Option Agreement”) with Warner Gaming, LLC (“Warner Gaming”) pursuant to which,
inter alia, Hotel/Casino Borrower was granted an option to purchase all of the issued and outstanding equity in LVHR from Warner Gaming, (e) Hotel/Casino Borrower, Cafe Borrower, Adjacent Borrower, and IP Borrower entered into
that certain Resort Management Agreement (the “Existing Resort Management Agreement”) with WGH, pursuant to which WGH was engaged to manage the operation of the Properties (other than the operations of the Properties that were
governed by the Gaming Lease, the Gaming Management Agreement and the Liquor Management Agreement), (f) Hotel/Casino Borrower entered into that certain Liquor Management and Employee Services Agreement, dated as of March 1, 2011 (the
“Liquor Management Agreement”) with WGH, pursuant to which, inter alia, WGH managed the sale and distribution of liquor and other alcohol at the Properties, (g) IP Borrower entered into that certain IP License
Agreement with WGH (the “Existing IP License Agreement”), pursuant to which WGH was granted certain rights to use the IP described therein, (h) Hotel/Casino Borrower entered into that certain Employee Lease Agreement with LVHR
(the “Original Employee Lease Agreement”), dated as of March 1, 2011, pursuant to which Hotel/Casino Borrower provided Assigned Employees to LVHR for the operation of gaming activities at the Hotel/Casino Property, and
(i) Hotel/Casino Borrower and Gaming Borrower executed that certain General Security Agreement (the “Original General Security Agreement”) in favor of 

  
 2 

 
Lender, covering certain assets of Gaming Borrower and Hotel/Casino Borrower, including, without limitation, all of Gaming Borrower and Hotel/Casino Borrower’s right, title and interest in
and to the Gaming Assets Note, the Gaming Cash Note and the Working Capital Note; 
 WHEREAS, on or about January 1,
2012, Hotel/Casino Borrower obtained a temporary liquor license with respect to the Properties. On or about April 1, 2012, the temporary liquor license with respect to the Properties was extended to June 30, 2012; 

WHEREAS, on January 30, 2012, Hotel/Casino Borrower transferred its interest in the Original Employee Lease Agreement to HRHH
Gaming Senior Mezz LLC, a Delaware limited liability company (“Gaming Senior Mezz”), and in connection therewith the Original Employee Lease Agreement was amended and restated in its entirety pursuant to that certain Amended and
Restated Employee Lease Agreement, dated as of January 30, 2012, by and between Gaming Senior Mezz and LVHR pursuant to which Gaming Senior Mezz agreed to provide Assigned Employees to LVHR in accordance with the terms therein; 

WHEREAS, pursuant to the Option Agreement, Hotel/Casino Borrower has exercised its right to acquire the stock of LVHR and in
connection therewith (a) Hotel/Casino Borrower has designated BREF HRHH LLC (as to 99.9% of the stock of LVHR) and Gaming Member (as to .1% of the stock of LVHR) to acquire 100% of the interest in LVHR, and (b) BREF HRHH LLC and Gaming
Member have (i) changed the name of LVHR to “LVHR Casino, LLC” and (ii) converted LVHR to a limited liability company organized in the State of Nevada (collectively the foregoing are referred to herein as the
“Acquisition”); 
 WHEREAS, in connection with the Acquisition, (a) Hotel/Casino Borrower and
Gaming Operations Borrower have amended and restated the Existing Casino Component Lease in its entirety pursuant to that certain Amended and Restated Casino Lease, dated as of the date hereof (such lease, the “Casino Component
Lease”) by and between Hotel/Casino Borrower, as landlord, and Gaming Operations Borrower, as tenant; (b) Gaming Borrower, LVHR and Hotel/Casino Borrower, as applicable, have terminated the following agreements and notes: (i) the
Liquor Management Agreement, (ii) the Gaming Management Agreement (iii) the Gaming Assets Note, (iii) the Gaming Cash Note, (iv) the Working Capital Note, and (v) the Original General Security Agreement, (c) IP
Borrower, Gaming Operations Borrower and WGH have amended the Existing IP License Agreement pursuant to that certain First Amendment to IP License Agreement, dated as of the date hereof (the “Amendment to IP License” and together
with the Existing IP License Agreement, collectively the “IP License Agreement”), by and between IP Borrower, Gaming Operations Borrower and WGH, and (d) WGH and Borrowers have amended and restated the Existing Resort
Management Agreement in its entirety pursuant to that that certain Amended and Restated Resort Management Agreement, dated as of the date hereof (the “Resort Management Agreement”) by and among WGH, Gaming Operations Borrower,
Hotel/Casino Borrower, Cafe Borrower, Adjacent Borrower, and IP Borrower, pursuant to which WGH will be engaged to manage the operation of the Properties, including without limitation, the Liquor Operations and the Gaming Operations (as each is
defined in the Resort Management Agreement) at the Property (collectively, the foregoing are referred to herein as the “2012 Modification Documents”); and 

  
 3 

 WHEREAS, in connection with the Acquisition, Existing Borrowers have requested
Lender’s consent to enter into the 2012 Modification Documents, and Lender is willing to grant such consent, provided that upon the terms and conditions set forth below (a) Gaming Operations Borrower agrees to join Existing Borrowers,
joint and severally, as “Borrower” under the terms of the Loan Documents, and (b) Gaming Operations Borrower, Existing Borrowers, Guarantor and the other parties thereto execute and deliver, as applicable, (i) this Agreement,
(ii) that certain Fifth Modification of Construction Deed of Trust, Assignment of Leases and Rents, Security Agreement and Financing Statement (Fixture Filing) and Fourth Modification of Assignment of Leases (the “Fifth Modification of
Mortgage”; the Existing Mortgage, as amended by the Fifth Modification of Mortgage, and as the same may be further amended, restated, replaced, severed, assigned, supplemented or otherwise modified from time to time, the
“Mortgage”) and (iii) all documents referenced herein, evidencing their Agreement to the terms and conditions set forth herein and/or as applicable the terms and conditions set forth in the other documents referenced herein.

 NOW, THEREFORE, in consideration of the foregoing and the covenants, agreements, representations and warranties set
forth in this Agreement, and for Ten Dollars ($10.00) and other good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

ARTICLE I. 

JOINDER 

Section 1.1. Joinder, Consent and Recognition. Effective as of the date hereof, Gaming Operations Borrower hereby
agrees to join each of the Existing Borrowers, jointly and severally, as a Borrower under the Loan Agreement and the other Loan Documents with the same force and effect as if Gaming Operations Borrower was an original signatory to the Loan Agreement
and the other Loan Documents. Effective as of the date hereof, each Existing Borrower hereby consents to and acknowledges the joinder of Gaming Operations Borrower, jointly and severally, with each Existing Borrower as a Borrower under the Loan
Agreement and the other Loan Documents. Effective as of the date hereof, Gaming Operations Borrower hereby becomes a party to the Loan Agreement and the other Loan Documents, together with each Existing Borrower, jointly and severally, as Borrower
thereunder and all references to Borrower in any Loan Document shall hereafter refer to individually or collectively, as the context may require, Gaming Operations Borrower and each Existing Borrower. In connection with the foregoing,
(a) Lender hereby agrees to accept and recognize Gaming Operations Borrower, together with each Existing Borrower, jointly and severally, as Borrower under the Loan Agreement and the other Loan Documents, and (b) consents to the
Acquisition. 
 Section 1.2. Borrower’s Obligations. Effective as of the date hereof, Gaming Operations
Borrower hereby agrees to all of the terms and conditions of the Loan Agreement and the other Loan Documents, and, without limiting the foregoing, Gaming Operations Borrower hereby assumes and agrees to perform and observe and be bound, as Borrower
(together with Existing Borrowers, on a joint and several basis), by each and all of the covenants, duties, obligations, promises and liabilities of Borrower under the Loan Agreement and the other Loan Documents. Notwithstanding anything contained
herein to the contrary, each Existing Borrower 

  
 4 

 
hereby reaffirms each and all of its covenants, duties, obligations, promises and liabilities as Borrower under the Loan Agreement and the other Loan Documents and acknowledges that, from and
after the date hereof, each Existing Borrower and Gaming Operations Borrower are jointly and severally liable for the performance of all Borrower obligations under the Loan Agreement and the other Loan Documents. 

Section 1.3. Representations and Warranties; Estoppel. Gaming Operations Borrower and each Existing Borrower hereby
confirm, represent and warrant that each of the representations and warranties of Borrower set forth in the Loan Agreement are true and correct as if made on and as of the date hereof, (except in each case for representations and warranties which by
their terms are expressly applicable to an earlier date, in which event such representations and warranties shall be true and correct as of such earlier date). Each of Gaming Operations Borrower and each Existing Borrower hereby further represent
and warrant that there exist no defaults, defenses, offsets or claims by Gaming Operations Borrower or any Existing Borrower under or pursuant to the Loan Agreement and/or any of the Loan Documents. 

Section 1.4. Additional Documentation. In connection with the execution of this Agreement and as a condition to
Lender’s consent to the execution of the 2012 Modification Documents, (a) Gaming Operations Borrower will execute and deliver to Lender a General Security Agreement, in form and substance acceptable to Lender, (b) Borrowers shall
deliver an Assignment of Amended and Restated Management Agreement and Subordination of Management Fees, from Borrowers in favor of Lender, and consented to by WGH, in form and substance acceptable to Lender, (c) Borrowers shall deliver a Cash
Management Agreement, by and among Borrowers, Manager and Lender in form and substance acceptable to Lender, and pursuant to which the Existing Cash Management Agreement shall be amended and restated in its entirety, (d) Lender shall prepare a
UCC financing statement in form and substance acceptable to Lender, (e) Gaming Operations Borrower shall deliver a Casino Account Control Agreement to Lender, in form and substance acceptable to Lender, (f) Borrowers shall deliver an
amendment to the Existing Lockbox Agreement, by and among Borrowers, WGH, Lockbox Bank and Lender, in form and substance acceptable to Lender and pursuant to which, inter alia, Lockbox Bank acknowledges the joinder of LVHR as a Borrower under the
Existing Lockbox Agreement, (g) Borrowers shall deliver the Fifth Modification of Mortgage, in form and substance acceptable to Lender and (h) Borrower shall deliver such documents evidencing the due authorization of each Borrower and
Guarantor to enter into this Agreement, the related Loan Documents and the 2012 Modification Documents, as applicable, as Lender may require in its reasonable discretion. 
 Section 1.5. Amendment to Subordinate Mortgage Loan Documents. Lender hereby acknowledges receipt of (a) that certain Second Mortgage Loan Omnibus Amendment and Joinder to Second
Mortgage Loan Agreement and Loan Documents, dated as of the date hereof, by and between Borrowers and Subordinate Mortgage Lender, (b) that certain Second Amendment to Second Deed of Trust, Assignment of Leases and Rents, Security Agreement and
Financing Statement (Fixture Filing), dated as of the date hereof, by and between Borrowers and Subordinate Mortgage Lender, and (c) UCC-3 fixture filings and a UCC-1 financing statement to be filed by the Subordinate Mortgage Lender in the
Clark County recorder’s office and with the Nevada Secretary of State’s office in connection with the foregoing amendments (collectively, the “Subordinate Mortgage Loan Amendment Documents”). In connection therewith,
Lender 

  
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hereby consents to the amendment and modifications of the Subordinate Mortgage Loan and the Subordinate Mortgage Loan Documents set forth in the Subordinate Mortgage Loan Amendment Documents, it
being acknowledged and agreed that this Section 1.5 shall constitute Lender’s consent to such amendments required pursuant to Section 4(o) of that certain Subordination and Standstill Agreement dated as of March 1, 2011
between Lender and Subordinate Mortgage Lender. 
 ARTICLE II. 

OMNIBUS AMENDMENT TO LOAN DOCUMENTS 
 Section 2.1. Modifications to All Loan Documents. 
 (a) Definition
Amendments. The below definitions contained in the Loan Documents are hereby amended on a global basis as follows: 
 (i)
Wherever any of the Loan Documents refers to the “Assignment of Liquor Management Agreement”, such reference shall be deemed to refer to the “Assignment of Resort Management Agreement” as such term is defined herein. 

(ii) Wherever any of the Loan Documents refers to the “Borrower” or “Borrowers”, such reference shall be deemed to
refer to the “Borrower” or “Borrowers” as such term is defined herein. 
 (iii) Wherever any of the Loan
Documents refers to that certain Casino Lease, dated as of March 1, 2011, by and between LVHR and Hotel/Casino Borrower (whether as the “Casino Component Lease”, the “Casino Lease”, the “Lease” or otherwise) such
reference shall be deemed to refer to the “Casino Component Lease” as such term is defined herein. 
 (iv) Wherever
any of the Loan Documents refers to that certain Employee Lease Agreement, dated as of March 1, 2011, such reference shall be deemed to refer to the “Employee Lease” as such term is defined herein. 

(v) Wherever any of the Loan Documents refers to the “Gaming Management Agreement”, such reference shall be deemed to refer to
the “Resort Management Agreement” as such term is defined herein. 
 (vi) Wherever any of the Loan Documents refers
to the “Liquor Management Agreement”, such reference shall be deemed to refer to the “Resort Management Agreement” as such term is defined herein. 
 (vii) Wherever any of the Loan Documents refers to LVHR Casino Inc., a Nevada Corporation (in its capacity as “LVHR” or otherwise) such reference shall be deemed to refer to “Gaming
Operations Borrower” as such term is defined herein. 
 (viii) Wherever any of the Loan Documents refers to the
“Mortgage”, such reference shall be deemed to refer to the “Mortgage” as such term is defined herein. 

(ix) Wherever any of the Loan Documents refer to that certain Resort Management Agreement, dated as of March 1, 2011, such
reference shall be deemed to refer to “Resort Management Agreement” as such term is defined herein. 

  
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 (b) Definition Deletions. The below definitions contained in the Loan Documents are
hereby deleted in their entirety and are of no further force or effect and any provisions relating to such terms shall be interpreted in accordance with the Loan Agreement, as modified hereby: 

“Gaming Liquidity Draw Requests” 
 “Gaming Cash Note” 
 “Gaming Agreements” 

“Gaming Assets Note” 
 “Gaming Lessee” 
 “Gaming Subordination Agreement” 

“General Security Revenues” 
 “Options Agreement” 
 “Working Capital Note”; and 

“Working Capital Account Repayment” 
 (c) Notice Provisions. Wherever any of the Loan Documents lists a notice address for LVHR, such notice provision shall be deleted in its entirety and replaced with the following: 

“c/o Brookfield Financial Partners, LLC 
 Three World Financial Center 200 Vesey Street 
 New York, New York 10281-1021

 Attention: Theresa A. Hoyt” 
 ARTICLE III. 
 AMENDMENT TO LOAN AGREEMENT 

Section 3.1. Without limiting the amendments set forth in Section 2 above, each of which shall apply to the Loan
Agreement, as applicable, the Loan Agreement is hereby further amended as follows: 
 (a) Definitions. 

(i) The definition of “Assignment of Resort Management Agreement” set forth in Section 1.1 of the Loan Agreement is
hereby deleted in its entirety, and replaced with the following: 
 ““Assignment of Resort Management
Agreement” shall mean that certain Assignment of Amended and Restated Resort Management Agreement and Subordination of Management Fees, dated as of June 15, 2012, by and among Lender, Cafe Borrower, Hotel/Casino Borrower, Adjacent
Borrower, IP Borrower, Gaming Operations Borrower and WGH, as Resort Manager, as the same hereafter may be amended, restated, replaced, supplemented or otherwise modified from time to time.” 

  
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 (ii) The definition of “Borrower” and “Borrowers” set forth in Section
1.1 of the Loan Agreement is hereby deleted in its entirety, and replaced with the following: 

““Borrower” shall mean individually, and “Borrowers” shall mean collectively, each of Hotel/Casino
Borrower, Cafe Borrower, Adjacent Borrower, IP Borrower, Gaming Operations Borrower and Gaming Borrower, together with their successors and permitted assigns.” 
 (iii) The definition of “Cash Management Agreement” set forth in Section 1.1 of the Loan Agreement is hereby deleted in its entirety, and replaced with the following: 

““Cash Management Agreement” shall mean that certain Fourth Amended and Restated Cash Management Agreement, dated as
of June 15, 2012, by and among Borrowers and Lender, and acknowledge and agreed to by WGH, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.” 

(iv) The definition of “Casino Component” set forth in Section 1.1 of the Loan Agreement is hereby deleted in its
entirety, and replaced with the following: 
 ““Casino Component” shall mean that portion of the
Hotel/Casino Property devoted to the operation of a casino gaming operation and leased to Gaming Operations Borrower pursuant to the Casino Component Lease, including, without limitation, those areas devoted to the conduct of games of chance,
facilities associated directly with gaming operations, including, without limitation, casino support areas such as surveillance and security areas, cash cages, counting and accounting areas and gaming back-of-the-house areas, in each case, to the
extent the operation thereof requires a Gaming License under applicable Gaming Laws, as more particularly described and set forth in the Casino Component Lease as the “Premises”.” 

(v) The definition of Casino Component Lease set forth in Section 1.1 of the Loan Agreement is hereby deleted in its entirety and
replaced with the following: 
 ““Casino Component Lease” shall mean that certain Amended and Restated
Casino Lease, dated as of June 15, 2012, by and between Hotel/Casino Borrower, as lessor and Gaming Operations Borrower as lessee, pursuant to which Hotel/Casino Borrower leases the Casino Component to Gaming Operations Borrower for the
operation of the Casino Component as a casino, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time in accordance with the terms hereof.” 

(vi) The definition of “Employee Lease” set forth in Section 1.1 of the Loan Agreement is hereby deleted in its entirety,
and replaced with the following: 
 ““Employee Lease” shall mean that certain Amended and Restated Employee
Lease Agreement, dated as of January 30, 2012, by and between Gaming Senior Mezz and Gaming Operations Borrower (through its predecessor-in-interest LVHR Casino, Inc., a Nevada corporation), as the same may be amended, restated, replaced,
supplemented or otherwise modified from time to time.” 

  
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 (vii) The definition of “Gaming Operator” set forth in Section 1.1 of the
Loan Agreement is hereby deleted in its entirety, and replaced with the following: 
 ““Gaming Operator”
shall mean a Qualified Gaming Operator who is supervising managing and operating all gaming activities at the Hotel/Casino Property. The parties hereto acknowledge and agree that (i) WGH is the key employee of Gaming Operations Borrower, and
that Gaming Operations Borrower, in turn is the Gaming Operator as of June 15, 2012, and (ii) to the extent permitted by applicable Legal Requirements (including without limitation, Gaming Law) Gaming Operations Borrower, as Gaming
Operator, shall be permitted to engage WGH as its key employee to conduct various of the gaming operations at the Hotel/Casino Property provided that no such engagement shall relieve Gaming Operations Borrower of its obligations hereunder as
“Gaming Operator”.” 
 (viii) The definition of “General Security Agreement” set forth in
Section 1.1 of the Loan Agreement is hereby deleted in its entirety, and replaced with the following: 

““General Security Agreement” shall mean that certain General Security Agreement, dated as of June 15, 2012,
from Gaming Operations Borrower to Lender, covering certain assets of Gaming Operations Borrower described therein, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.” 

(ix) The definition of “Gross Income from Operations” set forth in Section 1.1 of the Loan Agreement is hereby modified
to delete clause (f) thereof in its entirety and replace it with the following: “Intentionally Omitted;”. 
 (x)
The definition of “Liquor Manager” set forth in Section 1.1 of the Loan Agreement is hereby deleted in its entirety, and replaced with the following: 
 ““Liquor Manager” shall mean as of June 15, 2012, Hotel/Casino Borrower, or if the context requires, another Qualified Liquor Manager. The parties hereto acknowledge and agree
that (i) WGH is the key employee of Hotel/Casino Borrower, and (ii) to the extent permitted by applicable Legal Requirements (including without limitation, Gaming Law) Hotel/Casino Borrower, as Liquor Manager, shall be permitted to engage
WGH, as its key employee, to conduct the sale of liquor at the Hotel/Casino Property provided that no such engagement shall relieve Hotel/Casino Borrower of its obligations hereunder as “Liquor Manager”.” 

  
 9 

 (xi) The definition of “Loan Documents” set forth in Section 1.1 of the Loan
Agreement is hereby deleted in its entirety, and replaced with the following: 
 ““Loan Documents” shall
mean, collectively, this Agreement, the Notes, the Mortgage, the Assignment of Leases, the Environmental Indemnity, each O&M Agreement, the Assignment of Resort Management Agreement, the Intellectual Property Security Agreement, the Casino
Account Control Agreement, the Assignment of Contracts, the Non-Recourse Guaranty, the General Security Agreement, the Omnibus Amendment, the Cash Management Agreement, the Collateral Assignments of Interest Rate Caps, and all other documents
executed and/or delivered in connection with the Loan, as each has been amended pursuant to the Omnibus Amendment, and as any of them hereafter may be further amended, restated, replaced, supplemented or otherwise modified from time to time.”

 (xii) The definition of “Operating Expenses” set forth in Section 1.1 of the Loan Agreement is hereby amended
by deleting the following text (appearing in lines 7-9 thereof) in its entirety: “all employee costs and liabilities (including, without limitation, any amounts payable by a Borrower under the Employee Lease or Liquor Management
Agreement)”, and replacing such deleted text with the following: “all employee costs and liabilities payable by the Borrowers to Gaming Senior Mezz (including, without limitation, any fees payable to Gaming Senior Mezz pursuant to the
terms of the Employee Lease)”. 
 (xiii) The definition of “Permitted Gaming Expenses” set forth in
Section 1.1 of the Loan Agreement is hereby deleted in its entirety, and replaced with the following: 

““Permitted Gaming Expenses” shall mean all costs and expenses incurred, or payments or refunds to be made, in
connection with the operation of the Casino Component in compliance with the Casino Component Lease, the Resort Management Agreement, this Agreement and all applicable Gaming Laws.” 

(xiv) The definition of “Qualified Gaming Operator” set forth in Section 1.1 of the Loan Agreement is hereby deleted in its
entirety, and replaced with the following: 
 ““Qualified Gaming Operator” shall mean (a) Gaming
Operations Borrower or (b) a reputable and experienced gaming operator (which may be an Affiliate of any Borrower) possessing experience in supervising, operating and managing gaming activities at properties similar in size, scope, use and
value as the Hotel/Casino Property, provided, that with respect to any Person under any of the foregoing clauses (a) or (b), such Person shall have, at all times during its engagement as Gaming Operator, all required approvals and licenses from
all applicable Governmental Authorities, including, without limitation, all Gaming Authorities, and provided, further, that with respect to the foregoing clause (b): (i) such Person shall be acceptable to Lender in its sole discretion and such
Person shall agree to operate the gaming operations at the Hotel/Casino Property pursuant to one or more similar written leases and/or management agreements 

  
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previously approved by Lender in its reasonable discretion (including, by way of example but without limitation, a new lease and/or sublease and related recognition agreement), and subject to
compliance with the Gaming Laws, (ii) after a Securitization has occurred, Borrowers shall have obtained prior written confirmation from the applicable Rating Agencies that the supervision, operation and management of the gaming activities at
the Hotel/Casino Property by such Person will not cause a downgrade, withdrawal or qualification of the then current ratings of the Securities or any class thereof, and (iii) if such Person is an Affiliate of any Borrower, (A) if such
Affiliate was covered in the Insolvency Opinion or in any subsequent Additional Insolvency Opinion, Borrowers shall have obtained and delivered to Lender an update of such Insolvency Opinion or Additional Insolvency Opinion, as applicable, which
addresses the new relationship between such Affiliate and Borrowers, or (B) if such Affiliate was not covered in the Insolvency Opinion or in any subsequent Additional Insolvency Opinion, Borrowers shall have obtained and delivered to Lender an
Additional Insolvency Opinion with respect to such Affiliate and Borrowers.” 
 (xv) The definition of “Qualified
Liquor Manager” set forth in Section 1.1 of the Loan Agreement is hereby deleted in its entirety, and replaced with the following: 
 ““Qualified Liquor Manager” shall mean either (a) Hotel/Casino Borrower or (b) in the sole judgment of Lender, a reputable and experienced liquor management organization
(which may be an Affiliate of any Borrower) possessing experience in managing all or substantially all alcoholic beverage services at properties similar in size, scope, use and value as the Hotel/Casino Property, provided, that (i) any Person
referred to in the foregoing clause (a) and (b) shall have, at all times during its engagement as the Liquor Manager, all Governmental Approvals necessary to provide all alcoholic beverage services at the Hotel/Casino Property, and
(ii) with respect to clause (b) above such Person shall be acceptable to Lender in its sole discretion and such person shall agree to operate all alcoholic beverage services at the Hotel/Casino Property pursuant to a written agreement
previously approved by Lender in its reasonable discretion and, (A) after a Securitization has occurred, Borrowers shall have obtained prior written confirmation from the applicable Rating Agencies that management of all alcoholic beverage services
at the Hotel/Casino Property by such Person will not cause a downgrade, withdrawal or qualification of the then current ratings of the Securities or any class thereof, and (B) if such Person is an Affiliate of any Borrower, (1) if such
Affiliate was covered in the Insolvency Opinion or in any subsequent Additional Insolvency Opinion, Borrowers shall have obtained and delivered to Lender an update of such Insolvency Opinion or Additional Insolvency Opinion, as applicable, which
addresses the new relationship between such Affiliate and Borrowers, or (2) if such Affiliate was not covered in the Insolvency Opinion or in any subsequent Additional Insolvency Opinion, Borrowers shall have obtained and delivered to Lender an
Additional Insolvency Opinion with respect to such Affiliate and Borrowers.” 

  
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 (xvi) The definition of “Qualified Resort Manager” set forth in Section 1.1 of
the Loan Agreement is hereby deleted in its entirety, and replaced with the following: 
 ““Qualified Resort
Manager” shall mean either (a) WGH, or (b) in the sole judgment of Lender, a reputable and experienced property management organization (which may be an Affiliate of any Borrower or Guarantor) possessing experience in managing
properties similar in size, scope, use and value as the applicable Property and which organization shall have, at all times during its engagement as the Resort Manager, (x) all Governmental Approvals necessary to act as the key employee of the
Liquor Manager, and (y) all required approvals and licenses from all applicable Governmental Authorities, including, without limitation, all Gaming Authorities, to act as the key employee of the Gaming Operator, provided, that
with respect to clause (b) above such Person shall be acceptable to Lender in its sole discretion and such person shall agree to operate all alcoholic beverage services at the Hotel/Casino Property pursuant to a written agreement previously
approved by Lender in its reasonable discretion and, (A) after a Securitization has occurred, Borrowers shall have obtained prior written confirmation from the applicable Rating Agencies that management of the applicable Property by such Person
will not cause a downgrade, withdrawal or qualification of the then current ratings of the Securities or any class thereof, and (B) if such Person is an Affiliate of any Borrower, (1) if such Affiliate was covered in the Insolvency Opinion or
in any subsequent Additional Insolvency Opinion, Borrowers shall have obtained and delivered to Lender an update of such Insolvency Opinion or Additional Insolvency Opinion, as applicable, which addresses the new relationship between such Affiliate
and Borrowers, or (2) if such Affiliate was not covered in the Insolvency Opinion or in any subsequent Additional Insolvency Opinion, Borrowers shall have obtained and delivered to Lender an Additional Insolvency Opinion with respect to such
Affiliate and Borrowers.” 
 (i) The definition of “Replacement Resort Management Agreement” set forth in
Section 1.1 of the Loan Agreement is hereby deleted in its entirety, and replaced with the following: 

““Replacement Resort Management Agreement” shall mean, collectively, (a) either (i) a management agreement
with a Qualified Resort Manager substantially in the same form and substance as the Resort Management Agreement being replaced, provided, with respect to this subclause (i), in the event the responsibilities of such Qualified Resort Manager include
any responsibilities with respect to the gaming operations and/or liquor operations at the Property, then in such event, the provisions of such management agreement relating specifically to such gaming and liquor operations shall be acceptable to
Lender in its reasonable discretion, or (ii) a management agreement with a Qualified Resort Manager, which management agreement shall be acceptable to Lender in its sole discretion, provided, with respect to this subclause (ii), after the
occurrence of a Securitization, Lender, at its option, may require that Borrowers obtain confirmation from the applicable Rating Agencies that such management 

  
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agreement will not cause a downgrade, withdrawal or qualification of the then current rating of the Securities or any class thereof; and (b) an assignment of management agreement and
subordination of management fees substantially in the form then used by Lender (or such other form and substance reasonably acceptable to Lender), executed and delivered to Lender by Borrowers and such Qualified Resort Manager at Borrowers’
expense.” 
 (ii) The definition of “Resort Management Agreement” set forth in Section 1.1 of the Loan
Agreement is hereby deleted in its entirety, and replaced with the following: 
 ““Resort Management
Agreement” shall mean that certain Amended and Restated Resort Management Agreement, dated as of June 15, 2012 by and among WGH, Gaming Operations Borrower, Hotel/Casino Borrower, Cafe Borrower, Adjacent Borrower, and IP Borrower, as
the same may be amended, restated modified and in effect from time to time.” 
 (iii) The definition of “Special
Purpose Entity” set forth in Section 1.1 of the Loan Agreement is hereby modified as follows: 
 (1) to add the words
“and Gaming Operations Borrower” immediately following the words “or, with respect to Gaming Borrower” appearing in clause (g) thereof; 
 (2) to add the words “and the Resort Management Agreement” immediately following the words “in the Cash Management Agreement” appearing in clause (m) thereof; and 

(3) to delete the following parenthetical appearing in clause (aa) thereof in its entirety: “(other than cash and investment grade
securities issued by an entity that is not an Affiliate of or subject to common ownership with such entity)” and replace such deleted parenthetical with the following: “(other than (x) cash and investment grade securities issued by an
entity that is not an Affiliate of or subject to common ownership with such entity, and (y) with respect solely to Gaming Operations Borrower, as permitted pursuant Section 12.4 hereof)”. 

(b) Additional Definitions. The following definitions are hereby inserted into Section 1.1 of the Loan Agreement in
alphabetical order: 
 ““Cage Reserve” shall mean the amount of cash funds and reserves then held by the
Gaming Operations Borrower on-site at the Hotel/Casino Property (including, without limitation, cash held at the front window, main hotel banks, safes, and any funds of Gaming Operations Borrower or any other Borrower deposited into any self-serve,
cash-handling kiosks located at the Hotel/Casino Property for the redemption of gaming award tickets by casino players).” 

““Casino Account” shall mean an Eligible Account established with Wells Fargo Bank, National Association, entitled
“LVHR Casino, LLC Operating Account” or 

  
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any successor Casino Account established in accordance with the provisions of Section 12.3.1 hereof, which such Casino Account shall be established and maintained pursuant to, and in
accordance with, all applicable Gaming Laws and shall be subject to a security interest in favor of Lender pursuant to the Loan Documents (as evidenced by the Casino Account Control Agreement).” 

““Casino Account Control Agreement” shall mean that certain Deposit Account Control Agreement dated on or about
June 15, 2012 by and among Gaming Operations Borrower, Lender and Wells Fargo Bank, National Association or any replacement Casino Account Control Agreement acceptable to Lender as described in Section 12.3.1 hereof.” 

““Casino Account Reimbursement Date” shall have the meaning set forth in Section 2.6.2(c) hereof.”

 ““Excess Gaming Cash” shall have the meaning set forth in Section 2.6.1(d) hereof.”

 ““Front Money” shall mean, as of any date, amounts then on deposit with the Gaming Operations Borrower,
that have been delivered by a patron of the gaming operations at the Property for use by such patron in connection with gaming operations.” 
 ““Gaming Account” shall mean, collectively, the Casino Account and the Cage Reserve. For purposes of interpretation, references contained herein to amounts or funds on deposit in the
Gaming Account shall refer to the aggregate (without duplication) of all amounts then on deposit in the Casino Account and all amounts then comprising the Cage Reserve.” 
 ““Gaming Day” shall mean the 24 hour period commencing at 5:00 a.m. Las Vegas time on a particular calendar day and ending at 4:59 a.m. Las Vegas time on the following calendar day
or such other 24 hour period under which Gaming Operations Borrower shall operate the Casino Component in accordance with applicable Gaming Laws.” 
 ““Gaming Liquidity Request” shall have the meaning set forth in Section 2.6.2(c) hereof.” 
 ““Gaming Liquidity Shortfall” shall have the meaning set forth in Section 2.6.2(c) hereof.” 
 ““Gaming Operations Borrower” shall mean LVHR Casino LLC, a Nevada limited liability company (formerly known as LVHR Casino, Inc., a Nevada corporation).” 

““Gaming Operations Reserve Amount” shall mean, as of any Gaming Revenue Disbursement Date, an amount equal to the
sum of (i) the Statutory Gaming Liquidity Requirement, (ii) Front Money then on deposit in the Gaming 

  
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Account, (iii) the Monthly Currency Order Amount, pro rated for the number of days from and including such Gaming Reserve Disbursement Date, to but excluding the next occurring Gaming
Reserve Disbursement Date and (iv) Monthly LET Reserve Amount. The Gaming Operations Reserve Amount shall be held and maintained by Gaming Operations Borrower, in its capacity as the duly licensed operator of the Casino Component under
applicable Gaming Laws, either in the Cage Reserve or in the Casino Account and shall be (x) established and maintained solely for use in the day-to-day operation and management of the Casino Component in the ordinary course of business, and
(y) funded and maintained in accordance with the requirements of all applicable Gaming Laws and in the amounts that are reasonable and customary for casino operations at Comparable Hotel/Casinos.” 

““Gaming Operations Reserve Amount Certificate” shall have the meaning set forth in Section 12.2
hereof.” 
 ““Gaming Revenue Disbursement Date” shall mean the fifteenth (15th) calendar day of
each month (or if such calendar day is not a Business Day, the first Business Day immediately following such date) and the Business Day immediately preceding each monthly Payment Date, as each may be adjusted pursuant to Section 2.6.1 (d)(ii)
hereof.” 
 ““Gaming Senior Mezz” shall mean HRHH Gaming Senior Mezz LLC, a Delaware limited liability
company. 
 ““Minimum Gaming Account Balance” shall mean the greater of (x) $8,000,000.00, and
(y) the Gaming Operations Reserve Amount.” 
 ““Monthly Currency Order Amount” shall mean, as of
any date, the average monthly amount (calculated for the twelve (12) month period ending with the last calendar month before such date) of the funds transferred from the Casino Account to the Cage Reserve for the purposes of paying patrons of
the gaming operations at the Property.” 
 ““Monthly LET Reserve Amount” shall mean, as of any date,
the average monthly amount (calculated for the twelve (12) month period ending with the last calendar month before such date) of funds reserved by Gaming Operations Borrower with respect to live entertainment tax.” 

““Omnibus Amendment” shall mean that certain Omnibus Amendment and Joinder to Fourth Amended and Restated Loan
Agreement and Loan Documents, dated as of June 15, 2012, by and between Borrowers, Lender, Guarantor and certain other parties thereto.” 
 ““Prior Day’s Cash Receipts” shall have the meaning set forth in Section 2.6.1(c) hereof.” 

  
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 ““Statutory Gaming Liquidity Requirement” shall mean an amount equal
to 110% of the minimum bankroll requirements for cash and cash equivalents required to be maintained by Gaming Operations Borrower pursuant to the Gaming Laws, including specifically Nevada Gaming Commission Regulation 6.150” 

(c) Section 2.6.1. Section 2.6.1 of the Loan Agreement is hereby amended as follows: 

(i) Section 2.6.1(b) is hereby deleted in its entirety and replaced with the following: 

“(b) Each Borrower shall, or shall cause Resort Manager and/or BREF HR, to deliver irrevocable written instructions to all
non-residential tenants under Leases of space at such Borrower’s Property, instructing such tenants to deliver all Rents payable thereunder directly to the Lockbox Account. Hotel/Casino Borrower shall deliver irrevocable written instructions to
Gaming Operations Borrower to deliver (or cause to be delivered) all amounts payable under the Casino Component Lease directly to the Lockbox Account. Each Borrower shall, and shall cause Resort Manager to, deposit all amounts received by such
Borrower or Resort Manager constituting Rents (including Rents from all non-commercial tenants under Leases of space at such Borrower’s Property and the Casino Component Lease) or any other Gross Income from Operations (including, without
limitation, all amounts attributable to liquor sales and/or, subject to Section 2.6.1(d) below, gaming activities at the Property) into the Lockbox Account within one (1) Business Day after receipt (or otherwise in accordance with
the time frames required under Section 2.6.1(d) below). Each Borrower shall, or shall cause Resort Manager, Liquor Manager or Gaming Operator to, deliver irrevocable written instructions to each of the credit card companies or credit
card clearing banks with which such Borrower or Resort Manager, Liquor Manager or Gaming Operator, as applicable, has entered into merchant’s agreements to deliver all receipts payable with respect to any Property directly to the Lockbox
Account. Additionally, each Borrower shall direct (A) all licensors or sublicensors of the IP (or any portion thereof) and any party to a sponsorship agreement with any Borrower pursuant to which such party pays such Borrower(s) certain amounts
in exchange for certain rights granted to such party by such Borrower(s) and (B) all Persons that maintain open accounts with such Borrower, Resort Manager, Liquor Manager, or Gaming Operator, as applicable, or with whom such Borrower, Resort
Manager, Liquor Manager or Gaming Operator, as applicable, does business on an “accounts receivable” basis with respect to any Property or the liquor management services at the Hotel/Casino Property, to deliver all payments due under such
accounts directly to the Lockbox Account (and none of any Borrower, Resort Manager, Liquor Manager or Gaming Operator shall direct any such Person to make payments due under such account in any other manner). Without the prior written consent of
Lender or Servicer, none of Resort Manager, Liquor Manager, Gaming Operator, or any Borrower, as applicable, shall (x) terminate, amend, revoke or modify any direction letter 

  
 16 

 
described above, any credit card company direction letter or credit card bank payment direction letter described above and/or any other direction letter described above or (y) direct or
cause any Person (including, without limitation, any Tenant, any credit card company or credit card clearing bank, any licensor or sublicensor of the IP (or any portion thereof), any party to any sponsorship agreement, or any other Person that
maintains open accounts with any Borrower, Resort Manager, Liquor Manager or Gaming Operator (or with whom such Borrower, Resort Manager, Liquor Manager, or Gaming Operator does business on an “accounts receivable” basis) to pay any Rent
or other amounts payable to such Borrower, Resort Manager, Liquor Manager or Gaming Operator in any manner other than by wire transfer to the Lockbox Account.” 
 (ii) Section 2.6.1(c) is hereby amended to add the following immediately after the words “Gross Income from Operations” appearing in line 5: 

“(including, without limitation, all revenue attributable to liquor sales and/or, subject to Section 2.6.1(d) below,
gaming activities at the Property)” 
 (iii) Section 2.6.1(d) is hereby deleted in its entirety, and replaced with
the following: 
 “(d) (i) Without limiting the provisions of Section 2.6.1(b) above, Gaming Operations
Borrower shall (or shall cause any key employee of Gaming Operations Borrower to) collect and account for all cash receipts attributable to gaming activities at the Property at the end of each Gaming Day (such cash receipts, the “Prior
Day’s Cash Receipts”). All such Prior Day’s Cash Receipts shall be held by Gaming Operations Borrower in the Gaming Account, provided that on or prior to 2:00 p.m. Las Vegas time on each Gaming Revenue Disbursement
Date, Gaming Operations Borrower shall deposit into the Lockbox Account the amount by which the sum of all Prior Day’s Cash Receipts collected through the Gaming Day immediately preceding such Gaming Revenue Disbursement Date, together with the
balance of funds on deposit in the Gaming Account (excluding any Prior Day’s Cash Receipt collected on such Gaming Revenue Disbursement Date), exceeds the Minimum Gaming Account Balance (such amount, the “Excess Gaming Cash”).
For avoidance of doubt and for illustration purposes only, on or prior to 2:00 p.m. Las Vegas time on June 15, 2012, Gaming Operations Borrower shall deposit into the Lockbox Account the amount by which the sum of all Prior Day’s Cash
Receipts collected by Gaming Operations Borrower for the period ending at 4:59 a.m. Las Vegas time on June 14, 2012 together with the balance of funds on deposit in the Gaming Account (excluding any Prior Day’s Cash Receipts collected by
Gaming Operations Borrower on June 15, 2012) exceeds the Minimum Gaming Account Balance. 
 (ii) In the
event that Lender determines, in its reasonable discretion that there has been a material increase in the Excess Gaming Cash for a period of six (6) consecutive months, then from and after such determination, Lender shall have the right to require
that the Gaming Revenue Disbursement Dates occur more frequently than twice a month, including, without limitation, requiring that such Gaming Revenue Disbursement Date occur on a weekly or daily basis. 

  
 17 

 (iii) In addition to the foregoing, on any Gaming Revenue Disbursement Date,
after payment of Excess Gaming Cash pursuant to Section 2.6.2(d)(i) above, Gaming Operations Borrower shall be permitted to deposit into the Lockbox Account such additional amounts as it may elect in its sole discretion, provided that in no
event shall the amount in the Gaming Account at any time be less than the Statutory Gaming Liquidity Requirement.” 
 (iv)
The introductory paragraph to Section 2.6.2(b) is hereby deleted in its entirety and replaced with the following: 

“(b) Provided no Event of Default shall have occurred and be continuing, on each Wednesday and Friday (or more frequently to the
extent specifically provided in Section 2.6.2(g) below) of each calendar week during an Interest Period (or such other date as is expressly set forth in the Cash Management Agreement) all funds on deposit in the Cash Management Account shall be
credited towards payment of the following items (but not disbursed) in the order indicated, it being acknowledged and agreed by Borrowers and Lender, however, that (1) provided no Event of Default shall have occurred and is then continuing, in
the event any amounts described under the provisions of Section 2.6.2(c) below shall then be required to be deposited into the Gaming Account, any funds on deposit in the Cash Management Account (and in the event such funds are not sufficient
to fund such amounts, any funds credited, but not disbursed to the payment of items (i) through (xvi) below) shall be deposited into the Gaming Account on the Casino Account Reimbursement Date (or the earliest day thereafter on which any
funds shall be deposited into the Cash Management Account), (2) subject to the immediately preceding clause (1), as soon as there are sufficient funds in the Cash Management Account to satisfy the amounts that will be due on the next Payment
Date under clauses (ii) and (iii) below, on each Wednesday and Friday (or more frequently to the extent specifically provided in Section 2.6.2(g) below) of each calendar week thereafter during the remainder of such Interest Period,
Lender shall disburse the funds on deposit in the Cash Management Account to Borrowers until such time, if ever, during such Interest Period as the total amounts that will be due on the next Payment Date under clause (iv) and (v) below
shall have been fully disbursed, and (3) on each Payment Date, all remaining funds in the Cash Management Account shall be disbursed in accordance with the following in the order indicated, except to the extent already disbursed in accordance
with the provisions of clauses (1) – (2) above:” 
 (v) Section 2.6.2(b)(i) is hereby deleted in its
entirety and replaced with the following: 
 “(i) First, (A) provided that Gaming Operations Borrower has submitted a
Gaming Liquidity Request in accordance with Section 2.6.2(c) below, payment to 

  
 18 

 
the Gaming Operations Borrower in an amount equal to the Gaming Liquidity Shortfall, and (B) after payment of any Gaming Liquidity Shortfall in accordance with subclause (A) above,
payment to the Working Capital Reserve Account in an amount equal to any Gaming Liquidity Shortfall satisfied by Borrowers during the previous calendar month from Working Capital Reserve Funds and not otherwise paid through prior distributions
hereunder;” 
 (vi) Section 2.6.2(c) is hereby deleted in its entirety and replaced with the following: 

“(c) In the event that the amounts on deposit in the Gaming Account are at any time less than the Minimum Gaming Account Balance as a
result of the application of amounts previously on deposit therein to Permitted Gaming Expenses, Gaming Operations Borrower may submit a written request to Lender (such request, a “Gaming Liquidity Request”) that funds equal to the
positive difference, if any, between the Minimum Gaming Account Balance less the funds then on deposit in the Gaming Account (such amount, as set forth in the Gaming Liquidity Request, the “Gaming Liquidity Shortfall”) be
transferred from the Cash Management Account to the Casino Account and provided that no Event of Default has then occurred and is continuing and there are then sufficient funds available in such account, Lender shall in accordance with and subject
to the provisions of Sections 2.6.2(b)(1), use good faith efforts to transfer available funds on deposit in the Cash Management Account to the Casino Account on the Business Day immediately following the date on which Lender receives such request in
accordance with the terms hereof, provided that Lender shall receive such request on or prior to 2:00 pm New York City time on the preceding Business Day (the applicable date described in (a) and (b) above on which such transfer is to
occur, the “Casino Account Reimbursement Date”).” 
 (vii) Section 2.6.2(h) of the Loan Agreement is
hereby deleted in its entirety. 
 (d) Section 4.1.22. Section 4.1.22 of the Loan Agreement is hereby modified
to delete the final sentence thereof (beginning with the words “Attached hereto as Schedule VI”) in its entirety and replace such sentence with the following: 
 “Attached hereto as Schedule VI is, to the best of each Borrower’s actual knowledge after due inquiry, a true and complete list of all current Operating Permits, and those which are
subject to renewal, other than Operating Permits relating to Approved Capital Expenditures incurred by Borrowers after March 1, 2011.” 
 (e) Section 4.1.28. Section 4.1.28 of the Loan Agreement is hereby modified to add the words “and the Gaming Operations Borrower” immediately after the words “Gaming
Borrower” in lines 3 and 4 thereof. 

  
 19 

 (f) Section 4.1.30(a). Section 4.1.30(a) of the Loan Agreement is hereby
deleted in its entirety and replaced with the following: 
 “(a) Until the Debt has been paid in full and the obligations
under the Subordinate Mortgage Loan have been paid in full, (i) each of Hotel/Casino Borrower, Cafe Borrower, Adjacent Borrower, IP Borrower and Gaming Borrower hereby represents, warrants and covenants that such Borrower has been, is, shall be
and shall continue to be a Special Purpose Entity, and (ii) Gaming Operations Borrower hereby represents, warrants and covenants that (A) at all times prior to June 15, 2012, Gaming Operations Borrower complied with each of the
provisions set forth on Schedule X attached hereto and made a part hereof, and (B) from and after June 15, 2012, Gaming Operations Borrower is, shall be, and shall continue to be a Special Purpose Entity.” 

(g) Section 4.1.31. Section 4.1.31 of the Loan Agreement is hereby amended as follows: 

(i) Section 4.1.31(b) is hereby deleted in its entirety and replaced with the following: “Intentionally Omitted;”.

 (ii) Section 4.1.31(c) is hereby deleted in its entirety and replaced with the following: “Intentionally
Omitted.”. 
 (h) Section 4.1.41. Section 4.1.41 of the Loan Agreement is hereby amended as follows:

 (i) Section 4.1.41(a) is hereby deleted in its entirety and replaced with the following: 

“(a) Effective as of June 15, 2012, Borrowers possess all Operating Permits (including, but not limited to, all temporary liquor
licenses) which are necessary for the execution, delivery and performance of the Casino Component Lease, the Resort Management Agreement and this Agreement. All of such Operating Permits are in and will be in full force and effect; Borrowers and
each of their Affiliates, as applicable, including, without limitation, BREF HR, are in compliance in all material respects with all such Operating Permits; and no event, including, without limitation, any violation of any Legal Requirement, has
occurred which would be reasonably likely to lead to the suspension, revocation or termination of any such Operating Permit or the imposition of any restriction thereon. In connection with the temporary liquor licenses referenced in this
Section 4.1.41(a), Borrowers hereby represent, warrant and covenant that prior to the expiration of such temporary liquor licenses, Borrowers shall obtain all permanent liquor licenses which are necessary for the performance of the
Casino Component Lease, the Resort Management Agreement and this Agreement.” 
 (ii) Sections 4.1.41(b) and 4.1.41(c) are
each hereby amended by deleting the references therein to “Gaming Operator” and replacing each such reference with “Gaming Operations Borrower”. 

  
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 (iii) Section 4.1.41(e) is hereby amended by deleting the words “Gaming Operator
is not in default” appearing in the first line and replacing it with the words “No Borrower is in default”. 

(iv) Section 4.1.41(f) is hereby amended by deleting the words “Neither Borrower nor Gaming Operator” appearing in the
first line and replacing it with the words “No Borrower”. 
 (v) Section 4.1.41(h) is hereby deleted in its
entirety and replaced with the following: 
 “(h) The Casino Component Lease and the Resort Management Agreement are each in
full force and effect and none of Gaming Operations Borrower, any other Borrower or Resort Manager is in material default thereof and no event has occurred, and no condition exists, which, with the giving of notice or passage of time, or both, would
constitute a material default thereunder or material violation thereof.” 
 (vi) Section 4.1.41(k) is hereby deleted
in its entirety and replaced with the following: 
 “(k) (i) Hotel/Casino Borrower meets the suitability standards for
a landlord contemplated or set forth in the Gaming Laws; and (ii) Gaming Operations Borrower is entitled to take dominion over the Casino Component and use such Casino Component for gaming purposes and has obtained all necessary approvals
required by the Gaming Laws for the same.” 
 (i) Section 5.1.11. Section 5.1.11(k) of the Loan Agreement
is hereby deleted in its entirety and replaced with the following: 
 “(k) Without limiting the foregoing reporting and
approval provisions, Borrowers shall promptly provide to Lender copies of (i) any proposed “Operating Budget”, “Annual Plan”, “Resort Operating Plan”, “Capital Plan” or “Capital Budget” (or any
similar document) delivered under the Resort Management Agreement, together with any proposed revisions or replacements thereof, for Lender’s approval prior to Borrower granting any approval of such items, (ii) any financial reporting
information delivered under the Casino Component Lease, including, without limitation, the calculation of any Excess Cash (as defined in the Casino Component Lease) delivered to Landlord pursuant to the terms thereof, and (iii) any default
notices received or delivered under any Material Contract.” 
 (j) Section 5.1.20. Section 5.1.20 of the
Loan Agreement is hereby amended as follows: 
 (i) Section 5.1.20(b) is hereby amended by deleting clause
(vii) therein in its entirety and replacing it with the following: 
 “(vii) shall not grant any consent or approval on
behalf of Owner under Section 2.13 of the Resort Management Agreement or the Casino Component Lease without the prior written consent of Lender, and” 

  
 21 

 (ii) Section 5.1.20(b) is hereby amended by deleting clause (x) in its entirety
and replacing it with the following: “intentionally omitted”. 
 (k) Section 5.1.23. Section 5.1.23
of the Loan Agreement is hereby deleted in its entirety and replaced with the following: 
 “5.1.23. Liquor Management
at Hotel/Casino Property. 
 (a) Hotel/Casino Borrower shall, or shall cause Liquor Manager to,
(i) manage, be responsible for and conduct the sale of liquor at the Hotel/Casino Property, and (ii) engage in all activities necessary or incidental thereto. In connection with the foregoing, Hotel/Casino Borrower shall, or shall cause
Liquor Manager to, do all things necessary to provide alcoholic beverage services at the Hotel/Casino Property in a manner consistent with the alcoholic beverage services provided at Comparable Hotel/Casinos and use its commercially reasonable
efforts to operate such liquor services in a manner designed to maximize revenues from the Properties in the aggregate. No Borrowers shall take, permit or omit any action that would adversely affect the status or good standing of the Liquor Manager
(or WGH, if applicable) under such Operating Permits, liquor licenses or Governmental Approvals. 
 (b)
Hotel/Casino Borrower shall: (i) promptly perform and/or observe, in all material respects, all of the covenants and agreements required to be performed and observed by it under the Resort Management Agreement with respect to alcoholic beverage
services and do all things necessary to preserve and to keep unimpaired its material rights thereunder; (ii) promptly notify Lender of any material default under the Resort Management Agreement of which it is aware; (iii) promptly deliver
to Lender a copy of each financial statement, business plan, capital expenditures plan, notice, report and estimate received by it under the Resort Management Agreement; and (iv) enforce the performance and observance of all of the material
covenants and agreements required to be performed and/or observed by the Resort Manager under the Resort Management Agreement, in a commercially reasonable manner. 

(c) Upon the occurrence and during the continuance of an Event of Default, Borrowers shall, at the request of Lender,
(i) continue to provide all alcoholic beverage services at the Hotel/Casino property in accordance with this Agreement and (ii) cause the Resort Manager (and WGH, as key employee of Liquor Manager, if applicable) to continue to perform all
obligations under the Resort Management Agreement with respect to alcoholic beverage services. Additionally, Borrowers shall, upon and after the foreclosure, deed in lieu of foreclosure or other similar transfer of the Hotel/Casino Property to
Lender, its designee or nominee (a “Lender Successor Owner”), at the request of Lender, 

  
 22 

 
cause the Liquor Manager (and WGH, as key employee of Liquor Manager, if applicable) to perform all obligations relating to liquor services under the Resort Management Agreement (including
specifically the obligation to provide employees) for the benefit of the Lender Successor Owner and to maintain all applicable Operating Permits necessary for the performance thereof for a period not to exceed fifteen (15) months after the
effective date of such transfer to the Lender Successor Owner (which period shall in all events terminate upon Lender Successor Owner’s appointment of a new liquor manager possessing all Governmental Approvals necessary to provide all alcoholic
beverage services at the Hotel/Casino Property, subject to Liquor Manager’s, Resort Manager’s, WGH’s and Hotel/Casino Borrower’s obligations to transfer its responsibilities under the Resort Management Agreement to such new
liquor manager and to reasonably cooperate with the transition of the liquor management responsibilities from Liquor Manager to such new liquor manager), either in accordance with the terms of the Resort Management Agreement, including, but not
limited to, the obligation to deposit all revenue derived from liquor sales into an account designated by the Lender Successor Owner, if applicable, or pursuant to a replacement liquor services management agreement in form and substance reasonably
acceptable to Lender and such new liquor manager. Notwithstanding the foregoing, at any time after the foreclosure, deed in lieu of foreclosure or other similar transfer of the Hotel/Casino Property to a Lender Successor Owner, at the option of such
Lender Successor Owner exercised by written notice to the Liquor Manager, such Lender Successor Owner shall have the right to terminate the Resort Management Agreement, without penalty or termination fee and, in connection with the foregoing, each
of Liquor Manager and Resort Manager (and WGH, as applicable) shall transfer its responsibilities thereunder to a Person selected by such Lender Successor Owner in its sole discretion.” 

(1) Section 5.1.24. Section 5.1.24 of the Loan Agreement is hereby deleted in its entirety and replaced with the
following: 
 “5.1.24. Gaming Operations at the Hotel/Casino Property. 

“(a) All gaming operations conducted at the Hotel/Casino Property shall at all times be operated by a Qualified Gaming Operator and
Borrowers shall use commercially reasonable best efforts to conduct and/or to cause to be conducted the gaming operations in such a manner so as to maximize Gross Income from Operations at the Properties in the aggregate. 

(b) Borrowers acknowledge that Lender has the right (but not the obligation) to cure any default by Hotel/Casino Borrower or Gaming
Operations Borrower under the Casino Component Lease. In furtherance of that right, Hotel/Casino Borrower and Gaming Operations Borrower shall promptly execute, acknowledge and deliver to Lender such instruments as may reasonably be required to
permit Lender to so cure any default under the Casino Component Lease. Additionally, subject to the Gaming Laws, Hotel/Casino Borrower irrevocably appoints Lender as its true and lawful attorney-in-fact to do, in its name or otherwise, any and all

  
 23 

 
acts and to execute any and all documents that are necessary to preserve any rights of Hotel/Casino Borrower under or with respect to the Casino Component Lease (and the above powers granted to
Lender are coupled with an interest and shall be irrevocable) to the extent that Hotel/Casino Borrower fails to do any of the same within five (5) Business Days following written request by Lender. 

(c) With respect to Gaming Operations Borrower’s obligations as tenant under the Casino Component Lease, Gaming Operations Borrower
hereby agrees as follows: 
 (i) Gaming Operations Borrower shall provide Lender with any financial reports and
statements regarding the gaming operations at the Hotel/Casino Property that Lender shall reasonably request; 

(ii) Gaming Operations Borrower shall, and shall cause Resort Manager to, use and occupy the Casino Component and conduct
the gaming operations therein in accordance with the “Standards” as defined in the Casino Component Lease; and 
 (iii) Gaming Operations Borrower will keep and maintain the Gaming Assets in good condition and repair and may not dispose of, replace and/or purchase new Gaming Assets except in the ordinary course of
Gaming Operations Borrower’s conduct of the gaming operations in the Casino Component, it being acknowledged and agreed that any such replacement Gaming Assets shall be subject to the lien granted in favor of Lender pursuant to the General
Security Agreement.” 
 (m) Section 5.2.1. Section 5.2.1 of the Loan Agreement is hereby amended
and restated in its entirety as follows: 
 “5.2.1. Operation of the Property. 

(a) Borrowers shall not, without Lender’s prior consent (which consent shall not be unreasonably withheld, conditioned or delayed):
(i) subject to Section 9.5.1 hereof, surrender, terminate or cancel the Resort Management Agreement; provided, that Borrowers may, without Lender’s consent: (x) replace the Resort Manager so long as the replacement manager
is a Qualified Resort Manager pursuant to a Replacement Resort Management Agreement; (y) replace the Liquor Manager, so long as the replacement manager is a Qualified Liquor Manager pursuant to a Replacement Resort Management Agreement (or a
Replacement Liquor Management Agreement that is separate from the Resort Management Agreement); and (z) replace any key employee of Liquor Manager, so long as after such replacement the Liquor Manager continues to be a Qualified Liquor Manager;
(ii) reduce or consent to the reduction of the term of the Resort Management Agreement; (iii) increase or consent to the increase of the amount of any charges or fees under the Resort Management Agreement; or (iv) otherwise modify,
change, supplement, alter or amend, or waive or release any of its rights and remedies under, the Resort Management Agreement in any material respect. 

  
 24 

 (b) Following the occurrence and during the continuance of an Event of Default, Borrowers
shall not exercise any rights, make any decisions, grant any approvals or otherwise take any action under the Resort Management Agreement without the prior consent of Lender, which consent may be withheld in Lender’s sole discretion.

 (c) In no event shall the Gaming Operations Borrower terminate, surrender, fail to renew or permit the cancellation of any
Gaming License without the prior written consent of Lender, which consent may be withheld in Lender’s sole discretion. 

(d) In no event shall the Liquor Manager terminate, surrender, fail to renew or permit the cancellation of any liquor license necessary
for alcoholic beverage services at the Property without the prior written consent of Lender, which consent may be withheld in Lender’s sole discretion.” 
 (n) Section 5.2.5. Section 5.2.5 of the Loan Agreement is hereby amended and restated in its entirety as follows: 

“5.2.5. Debt Cancellation. No Borrower shall cancel or otherwise forgive or release any material claim or debt (other than
termination of Leases in accordance herewith) owed to such Borrower by any Person, except for adequate consideration and in the ordinary course of such Borrower’s business, or otherwise in accordance with Section 12.4 hereof.”

 (o) Section 7.1. Section 7.1 of the Loan Agreement is herby modified as follows: 

(i) Section 7.1.1 is hereby amended by deleting the second sentence in such section in its entirety. 

(ii) Section 7.1.2 is hereby amended by deleting clause (iv) (appearing on lines 8 and 9) in its entirety and replacing it
with the following: 
 “(iv) for payment of Gaming Liquidity Shortfalls not otherwise funded under Section 2.6.2
above;” 
 (p) Section 8.1. Section 8.1 of the Loan Agreement is hereby modified as follows:

 (i) Section 8.1(a)(xiii) is hereby deleted in its entirety and replaced with the following: 

“(xiii) if (A) a material default by Hotel/Casino Borrower has occurred and continues beyond any applicable cure period under
the Casino Component Lease 

  
 25 

 
(or any similar replacement Lease for purposes of operating the Casino Component) and as a result of such default the Gaming Operations Borrower or any other Gaming Operator thereunder is
entitled to terminate or cancel such Casino Component Lease (or any similar replacement Lease for purposes of operating the Casino Component), (B) a material default by Gaming Operations Borrower has occurred and continues beyond any applicable
cure period under the Casino Component Lease and as a result of such default Hotel/Casino Borrower is entitled to terminate or cancel such Casino Component Lease, or (C) without Lender’s prior written consent, Hotel/Casino Borrower or
Gaming Operations Borrower shall terminate (or consent to or approve any such termination), change, modify or amend the Casino Component Lease (or any similar replacement Lease, consented to by Lender, for purposes of operating the Casino
Component), other than ministerial non-monetary amendments or modifications; 
 (ii) Section 8.1(a)(xvi) is hereby deleted
in its entirety and replaced with the following: 
 “(xvi) if (x) a material default by any Borrower has occurred and
continues beyond any applicable cure period under the Resort Management Agreement (or any Replacement Liquor Management Agreement that is separate from the Resort Management Agreement) and as a result of such default the Resort Manager terminates or
cancels the Resort Management Agreement, with respect to the delivery of alcoholic beverage services (or any Replacement Liquor Management Agreement that is separate from the Resort Management Agreement) or (y) any liquor license necessary for
alcoholic beverage services at the Property is suspended or terminated.” 
 (iii) Section 8.1(a)(xvii) of the Loan
Agreement is hereby is hereby deleted in its entirety and replaced with the following: 
 “(xvii) if (A) any revenues
generated from gaming activities at the Property are applied other than in accordance with the provisions of Section 2.6.1(d) hereof and/or in the event any funds on deposit in the Cage Reserve or Casino Account are applied to any items other
than Permitted Gaming Expenses and Gaming Operations Borrower fails to cure any such misapplication within five (5) Business Days of the earlier of (1) the date on which Lender notifies Gaming Operations Borrower of the same or
(2) Borrower’s actual knowledge of such misapplication or (B) Gaming Operations Borrower fails to notify Lender of any such misapplication as required under and in accordance with the provisions of Section 12.3.2
hereof;” 
 (iv) Section 8.1(a)(xix) is hereby deleted in its entirety and replaced with the following: 

“(xix) if at any time during the term of the Loan, for any reason (including, without limitation, the revocation, suspension or
surrender of any required Governmental Approval), the alcoholic beverage services at the Hotel/Casino 

  
 26 

 
Property are not being managed by a Qualified Liquor Manager pursuant to the Resort Management Agreement (or a Replacement Liquor Management Agreement that is separate from the Resort Management
Agreement) and the terms and provisions of Section 5.1.23 hereof;” 
 (v) Section 8.1(a)(xx) is hereby deleted
in its entirety and replaced with the following: 
 “(xx) if WGH or Liquor Manager shall fail to provide liquor management
services following an Event of Default or a foreclosure of the Mortgage as and to the extent required pursuant to Section 5.1.23(c) hereof and Section 5 of the Assignment of Resort Management Agreement;” 

(vi) Section 8.1(a)(xxi) is hereby deleted in its entirety and replaced with the following: 

“(xxi) if Gaming Operations Borrower or WGH shall fail to provide gaming operation services for the Hotel/Casino Property following
an Event of Default or a foreclosure of the Mortgage as and to the extent required pursuant to Section 12.1(e) hereof and Section 5 of the Assignment of Resort Management Agreement;” 

(q) Section 9.4. Section 9.4 of the Loan Agreement is hereby amended as follows: 

(i) Section 9.4(g)(iii) is hereby deleted in its entirety and replaced with the following: 

“(iii) any and all liabilities relating to the employees of Gaming Operations Borrower, including, but not limited to, all
obligations and liabilities of Gaming Operations Borrower under the Employee Lease, including any of such liabilities as to which Gaming Operations Borrower is a “co-employer” thereunder;” 

(ii) Section 9.4(g)(xi) is hereby deleted in its entirety and replaced with the following: “intentionally omitted”.

 (iii) Section 9.4(g)(xv) is hereby modified to delete the reference therein to “Gaming Borrower” and replace
such reference with “Gaming Operations Borrower”. 
 (iv) Section 9.4(g)(xvi) is hereby deleted in its entirety
and replaced with the following: 
 “(xvi) if Hotel/Casino Borrower or any other Borrower fails to provide liquor management
services for the Hotel/Casino Property following an Event of Default, a foreclosure of the Mortgage or a deed in lieu of foreclosure, as and to the extent required pursuant to Section 5 of the Assignment of Resort Management Agreement and
Section 5.1.23 hereof.” 

  
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 (r) Section 9.5.2. Section 9.5.2 of the Loan Agreement is hereby
deleted in its entirety and replaced with the following: 
 “9.5.2. (a) If (i) an Event of Default occurs
and is continuing, (ii) without the consent of Lender, William H. Warner ceases to Control the key employee of Liquor Manager unless following such change of Control, the Liquor Manager still constitutes a Qualified Liquor Manager,
(iii) Liquor Manager shall become bankrupt or insolvent, or (iv) Liquor Manager commits fraud, gross negligence, willful misconduct or misappropriation of funds with respect to any Borrower and/or the Hotel/Casino Property or any material
default otherwise occurs under the Resort Management Agreement beyond any applicable grace and cure periods, the applicable Borrowers shall, at the request of Lender, terminate the Resort Management Agreement and replace the Liquor Manager with a
Qualified Liquor Manager pursuant to a Replacement Resort Management Agreement (or a Replacement Liquor Management Agreement that is separate from the Resort Management Agreement), it being understood and agreed that the management fee for such
Qualified Liquor Manager shall not exceed then prevailing market rates; provided, however, that in no event shall any Borrower be required to terminate such Liquor Manager if such immediate termination would require cessation of
liquor-related activities at any of the Properties and, in such event, (x) such termination shall occur immediately upon the ability of Borrowers to transfer such liquor operations to a Qualified Liquor Manager as required herein, and (y) the
applicable Borrowers shall, at their sole cost and expense, diligently pursue the engagement and licensing of a replacement Qualified Liquor Manager; and 
 (b) If any key employee of Liquor Manager commits fraud, gross negligence, willful misconduct or misappropriation of funds with respect to any Borrower and/or the Hotel/Casino Property, or any key
employee causes a material default under the Resort Management Agreement beyond any applicable grace and cure periods, the applicable Borrowers shall, at the request of Lender, replace such key employee; provided, however, that in no
event shall any Borrower be required to terminate such key employee of Liquor Manager if such immediate termination would require cessation of liquor-related activities at any of the Properties and, in such event, (x) such termination shall
occur immediately upon the ability of Borrowers to transfer such liquor operations to a Qualified Liquor Manager as required herein, and (y) the applicable Borrowers shall, at their sole cost and expense, diligently pursue the engagement and
licensing of a replacement Qualified Liquor Manager.” 
 (s) Section 9.6. Section 9.6 of the Loan
Agreement is hereby deleted in its entirety and replaced with the following: 
 “9.6 Matters Concerning Gaming
Operator. 
 (a) If (i) the Gaming Operator commits fraud, gross negligence or willful misconduct with respect to
the Hotel/Casino Property or any material default otherwise occurs under the Casino Component Lease or Resort Management 

  
 28 

 
Agreement beyond any applicable grace and cure periods, or (ii) the Gaming Operator (A) has its gaming license suspended or revoked, (B) allows its gaming license to lapse, or
(C) may not lawfully operate gaming at the Hotel/Casino Property pursuant to any Legal Requirements or the order of any Governmental Authority, the applicable Borrowers shall, at the request of Lender and to the extent permitted by applicable
Legal Requirements and the requirements of any Gaming Authorities, terminate the Casino Component Lease and the Resort Management Agreement and replace the Gaming Operator with a Qualified Gaming Operator pursuant to a Replacement Resort Management
Agreement (or a new gaming lease or similar agreement and a new recognition agreement that is separate from the Resort Management Agreement) in each instance reasonably acceptable to Lender; provided, however, that in no event shall any Borrower be
required to terminate such Gaming Operator, if such immediate termination would require cessation of gaming-related activities at the Hotel/Casino Property and, in such event, (x) such termination shall occur immediately upon the ability of
such Borrower to transfer such gaming operations to a Qualified Gaming Operator as required herein, and (y) the applicable Borrowers shall, at their sole cost and expense, diligently pursue the engagement and licensing of a replacement
Qualified Gaming Operator.” 
 (b) If (i) any key employee of the Gaming Operator commits fraud, gross negligence or
willful misconduct with respect to the Hotel/Casino Property or any key employee causes a material under the Resort Management Agreement beyond any applicable grace and cure periods, or (ii) any key employee of the Gaming Operator, (A) has
any license or approval required for such key employee to act as “key employee” of the Gaming Operator suspended or revoked, (B) allows any license or approval required for such key employee to act as “key employee” of the
Gaming Operator to lapse, or (C) may not lawfully act as the key employee of the Gaming Operator pursuant to any Legal Requirements or the order of any Governmental Authority, the applicable Borrowers shall, at the request of Lender and to the
extent permitted by applicable Legal Requirements and the requirements of any Gaming Authorities, replace such key employee of Gaming Operator; provided, however, that in no event shall any Borrower be required to replace such key employee of the
Gaming Operator, if such immediate replacement would require cessation of gaming-related activities at the Hotel/Casino Property and, in such event, (x) such termination shall occur immediately upon the ability of such Borrower to transfer such
gaming operations to a Qualified Gaming Operator as required herein, and (y) the applicable Borrowers shall, at their sole cost and expense, diligently pursue the engagement and licensing of a replacement Qualified Gaming Operator.”

 (t) Section 12.1. Section 12.1 of the Loan Agreement is hereby amended as follows: 

(i) Section 12.1(b) is hereby deleted in its entirety and replaced with the following: 

“(b) Gaming Operations Borrower shall operate the Casino Component pursuant to the Casino Component Lease, this Agreement and in
accordance with all Gaming Laws and all other applicable Legal Requirements.” 

  
 29 

 (ii) Section 12.1(c) is hereby deleted in its entirety and replaced with the
following: 
 “(c) Provided that (i) no Event of Default has occurred and is continuing, (ii) Gaming Operations
Borrower, is, pursuant to Gaming Laws, the holder of all Gaming Licenses and all other Operating Permits and Governmental Approvals necessary for the operation of the Casino Component as a casino, (iii) the Casino Component Lease has either
(x) expired by its own terms, (y) been amended and restated to reflect the lease between Hotel/Casino Borrower and Gaming Operations Borrower or (z) been properly terminated pursuant to the terms thereof, and (iv) Borrowers have
given Lender thirty (30) days prior written notice, Gaming Operations Borrower shall (and shall cause WGH to, if applicable) operate the Casino Component in accordance with all Gaming Laws and all other applicable Legal Requirements. Borrowers
shall thereafter maintain all Gaming Licenses (in the name of Gaming Operations Borrower), Operating Permits and Governmental Approvals necessary for the lawful operation of the Casino Component as a casino consistent with Comparable Hotel/Casinos
and use its commercially reasonable efforts to operate the Casino Component in a manner designed to maximize revenues from the Properties in the aggregate. No Borrowers shall take, permit or omit any action that would adversely affect the status or
good standing of Gaming Operations Borrower (or any key employee of Gaming Operations Borrower, if applicable) under such Operating Permits, Gaming Licenses or Governmental Approvals.” 

(iii) Section 12.1(d) is hereby modified by deleting the reference therein to “Gaming Borrower” and replacing such
reference with “Gaming Operations Borrower”. 
 Section 12.1(e) is hereby deleted in its entirety and replaced
with the following: 
 “(e) Borrowers hereby agree that (i) upon the occurrence and during the continuance of an Event
of Default and at the request of Lender, Gaming Operations Borrower shall continue to perform all of its obligations under the terms of the Casino Component Lease and this Agreement with respect to the Casino Component and shall cause the Resort
Manager to perform all obligations with respect to the gaming operations required under the Resort Management Agreement, (ii) upon and after foreclosure, deed in lieu of foreclosure or other similar transfer of the Casino Component to a Lender
Successor Owner, Gaming Operations Borrower shall (A) recognize such Lender Successor Owner as the lessor under the Casino Component Lease, (B) not exercise any right to terminate the Casino Component Lease, and (C) at the request of
such Lender Successor Owner, continue (and cause any key employee to continue, as applicable) to operate and manage the Casino Component in accordance with the Casino 

  
 30 

 
Component Lease and this Agreement and the relevant provisions of the Resort Management Agreement and maintain all applicable Gaming Licenses with respect to the Casino Component for a period not
to exceed fifteen (15) months after the effective date of such transfer to such Lender Successor Owner (which period shall in all events terminate upon Lender Successor Owner’s appointment of a new gaming operator possessing all Gaming
Licenses and other Governmental Approvals necessary to conduct all gaming operations at the Hotel/Casino Property, subject to Gaming Operations Borrower’s (and its key employee, as applicable) obligation to transfer its responsibilities under
the Casino Component Lease to such new gaming operator and to reasonably cooperate with the transition of the gaming operations from Gaming Operations Borrower to such new gaming operator), in accordance with the terms of the Casino Component Lease
and the Assignment of Resort Management Agreement; provided that such Lender Successor Owner shall be obligated to pay a then market rate casino management fee which is reasonable and customary for similar casinos in Las Vegas, Nevada, and
(iii) at any time after foreclosure, deed in lieu of foreclosure or other similar transfer of the Casino Component to a Lender Successor Owner, at the option of such Lender Successor Owner exercised by written notice to Gaming Operations
Borrower, such Lender Successor Owner shall have the right to terminate the Casino Component Lease and the Resort Management Agreement without penalty or termination fee.” 

(iv) Sections 12.1(f), (g) and (h) of the Loan Agreement are hereby modified to the delete the reference therein to
“Gaming Borrower” it each place that such reference occurs and to replace each such reference with “Gaming Operations Borrower”. 
 (u) Section 12.2. Section 12.2 of the Loan Agreement is hereby deleted in its entirety and replaced with the following: 

“Section 12.2. Gaming Operations Reserve Amount. Gaming Operations Borrower shall furnish to Lender, on each Gaming
Revenue Disbursement Date, an Officer’s Certificate certifying the Gaming Operations Reserve Amount as of such date, in form and substance reasonably acceptable to Lender (the “Gaming Operations Reserve Amount Certificate”).
The Gaming Operations Reserve Amount Certificate shall be in form and substance substantially similar to Schedule XI attached hereto and shall include the following information as of such Gaming Disbursement Date: (i) the actual amount
of the Statutory Gaming Liquidity Requirement (including a calculation of the determination thereof), (ii) Front Money, (iii) the applicable Monthly Currency Order Amount, pro rated for the number of days from and including such Gaming Reserve
Disbursement Date, to but excluding the next occurring Gaming Reserve Disbursement Date and (iv) the applicable Monthly LET Reserve Amount.” 

  
 31 

 (v) The following is hereby added as Section 12.3 of the Loan Agreement, immediately
following Section 12.2 and immediately preceding Article 13: 
 “Section 12.3. Cage Reserve, Casino
Account. 
 “12.3.1. Gaming Operations Borrower shall maintain the Casino Account as an Eligible Account and the
amounts on deposit therein (or in any replacement account thereto) may only be invested in Permitted Investments. Gaming Operations Borrower may, upon fifteen (15) days prior written notice to Lender, replace the Casino Account with another
Eligible Account, provided that no Event of Default has occurred and is then continuing and, as a condition precedent thereto, Gaming Operations Borrower shall deliver to Lender a fully executed replacement Casino Account Control Agreement in form
and substance acceptable to Lender in its reasonable discretion. 
 12.3.2. Gaming Operations Borrower shall not use (and shall
prohibit any key employee of Gaming Operations Borrower from using) any funds comprising the Gaming Account for purposes other than payment of Permitted Gaming Expenses and Borrowers shall not transfer or withdraw (or cause or permit any party
(including without limitation, any key employee of any Borrower) to transfer or withdraw) any funds on deposit in the Gaming Account other than (a) transfers to the Lockbox Account in accordance with the provisions of Section 2.6.1(d)
hereof or (b) transfers or withdrawals pursuant to which the amounts so transferred or withdrawn will be applied to Permitted Gaming Expenses. In the event that any funds comprising the Gaming Account are used for purposes other than Permitted
Gaming Expenses or any cash receipts attributable to gaming activities at the Property are transferred to any account other than the Lockbox Account, Borrowers shall (and shall cause any key employee of Borrower to) provide notice to Lender on the
same Business Day on which any Borrower (or any key employee of any Borrower) shall obtain actual knowledge of the same.” 

(w) The following is hereby added as Section 12.4 of the Loan Agreement, immediately following Section 12.3 and immediately
preceding Article 13: 
 “Section 12.4. Cage Credit Program. Notwithstanding anything to the contrary
contained herein or in the other Loan Documents, Gaming Operations Borrower shall be permitted to operate a usual and customary “cage credit” or “marker” program pursuant to which short term unsecured credit is extended to
patrons of the Casino Component in the ordinary course of business and in compliance with applicable Gaming Laws.” 

Section 3.2. Schedules to Loan Agreement. 
 (a) Schedule II to the Loan Agreement is hereby deleted in its entirety and replaced with Schedule II attached hereto and made a part hereof. 

(b) Schedule III to the Loan Agreement is hereby deleted in its entirety and replaced with Schedule III attached hereto and made a part
hereof. 
 (c) Schedule V to the Loan Agreement is hereby amended by adding Schedule V hereto as an addendum thereto,
immediately following the last page of Schedule V and immediately prior to the first page of Schedule VI. 

  
 32 

 (d) Schedule VI to the Loan Agreement is hereby deleted in its entirety and replaced with
Schedule VI attached hereto and made a part hereof. 
 (e) Schedule VII to the Loan Agreement is hereby deleted in its entirety
and replaced with Schedule VII attached hereto and made a part hereof. 
 (f) Schedule VIII to the Loan Agreement is hereby
deleted in its entirety and replaced with Schedule VIII attached hereto and made a part hereof. 
 (g) Schedule IX to the Loan
Agreement is hereby deleted in its entirety and replaced with Schedule IX attached hereto. 
 (h) Schedule X attached hereto and
made a part hereof is hereby added as Schedule X to the Loan Agreement, immediately following Schedule IX thereof. 
 (i)
Schedule XI attached hereto and made a part hereof is hereby added as Schedule XI to the Loan Agreement, immediately following Schedule X thereof. 
 ARTICLE IV. 
 AMENDMENT TO AND RATIFICATION OF NON-RECOURSE GUARANTY

 Section 4.1. Amendment to Non-Recourse Guaranty. The Non-Recourse Guaranty is hereby modified as
follows: 
 (a) Section 1.2(a)(iii) of the Non-Recourse Guaranty is hereby deleted in its entirety and replaced with the
following: 
 “(iii) any and all liabilities relating to the employees of Gaming Operations Borrower, including, but not
limited to, all obligations and liabilities of Gaming Operations Borrower under the Employee Lease, including any of such liabilities as to which Gaming Operations Borrower is a “co-employer” thereunder;” 

(b) Section 1.2(a)(xi) of the Non-Recourse Guaranty is hereby deleted in its entirety and replaced with the following:
“intentionally omitted”. 
 (c) Section 1.2(a)(xv) of the Non-Recourse Guaranty is hereby modified to delete the
references therein to “Gaming Borrower” and replace such reference with “Gaming Operations Borrower”. 
 (d)
Section 1.2(a)(xvi) of the Non-Recourse Guaranty is hereby deleted in its entirety and replaced with the following: 

“(xvi) if Hotel/Casino Borrower or any other Borrower fails to provide liquor management services for the Hotel/Casino Property
following an Event of Default, a foreclosure of the Mortgage or a deed in lieu of foreclosure, as and to the extent required pursuant to Section 5 of the Assignment of Resort Management Agreement and Section 5.1.23 of the Loan
Agreement.” 

  
 33 

 Section 4.2. Guarantor Acknowledgement. Guarantor hereby consents to and
acknowledges the joinder of Gaming Operations Borrower, jointly and severally, with each Existing Borrower as Borrower under the Loan Agreement and the other Loan Documents. 
 Section 4.3. Ratification. Guarantor (a) hereby ratifies the terms and conditions of the Non-Recourse Guaranty, as modified by this Agreement, and its obligations thereunder,
(b) represents and warrants that, as of the date hereof, the representations and warranties made by it in the Non-Recourse Guaranty, as modified by this Agreement, are true, complete and accurate as of the date hereof (or, if any such
representation or warranty speaks of a particular date, as of such date), and (c) restates and remakes, as of the date hereof for the benefit of Lender each and every such representation and warranty. Guarantor hereby represents and warrants
that, as of the date hereof, it is in compliance with all covenants binding on it, as set forth in the Non-Recourse Guaranty, as modified by this Agreement. 
 ARTICLE V. 
 MISCELLANEOUS 

Section 5.1. Recitals. The Recitals at the beginning of this Agreement are hereby incorporated into, and made a part
of, the substantive provisions of this Agreement. 
 Section 5.2. Governing Law. This Agreement shall be
governed by and in accordance with Section 10.3 of the Loan Agreement, except with respect to the Agreements contained herein with respect to the Mortgage, which shall be governed in accordance with the terms and provision of Section 12.1
of the Mortgage. 
 Section 5.3. Successors and Assigns. The covenants, conditions and agreements contained
in this Agreement shall be binding upon, and shall inure to the benefit of, Lender, the Borrowers, and Guarantor and their respective successors and assigns; provided, however, that none of the Borrowers, nor Guarantor shall assign this Agreement
except as expressly permitted under the Loan Agreement and the Loan Documents, and any assignment made otherwise shall be void. 

Section 5.4. Construction. Lender, the Borrowers and Guarantor each agree that they and their counsel have had ample
opportunity to review this Agreement and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement. 

Section 5.5. Severability. In the event that any one or more of the provisions of this Agreement shall be determined
to be void or unenforceable by a court of competent jurisdiction or by law, such determination will not render this Agreement invalid or unenforceable, and the remaining provisions hereof shall remain in full force and effect. 

Section 5.6. Section Headings. The section headings in this Agreement are for the convenience of the parties and in no
way alter, modify, amend, limit, or restrict the contractual obligations of the parties. 

  
 34 

 Section 5.7. Amendments; Waivers. This Agreement may not be amended or
modified, and no provision of this Agreement may be waived, except, in each instance, pursuant to a written instrument signed by Lender, the Borrowers, BREF HR, WGH and Guarantor. 

Section 5.8. Full Force and Effect. Except as and to the extent modified by this Agreement, the Loan Documents remain
unmodified and in full force and effect. 
 Section 5.9. No Amendment; Conflicts. Except as expressly set
forth herein, nothing contained in this Agreement shall be construed to amend, modify, alter, change or supersede the terms and provisions of the Loan Agreement or the Loan Documents. 

Section 5.10. Counterparts. Any number of counterparts of this Agreement may be executed. Each counterpart will be
deemed to be an original instrument and all counterparts taken together will constitute one agreement. 

Section 5.11. Exculpation. The provisions of Section 9.4 of the Loan Agreement are hereby incorporated by
reference herein with the full force and effect as though such provisions were fully set forth herein. 
 [SIGNATURES ON NEXT
PAGE] 

  
 35 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed
by their duly authorized representatives, all as of the day and year first above written. 
  

			
	 HRHH HOTEL/CASINO, LLC,
 a Delaware limited liability company

		
	By:	 	

		 	Name:
		 	Title:
	
	 HRHH CAFE, LLC,
 a Delaware limited liability company

		
	By:	 	

		 	Name:
		 	Title:
	
	 HRHH DEVELOPMENT, LLC,
 a Delaware limited liability company

		
	By:	 	

		 	Name:
		 	Title:
	
	 HRHH IP, LLC,
 a Delaware limited liability company

		
	By:	 	

		 	Name:
		 	Title:

  
 [Signature
Page to Omnibus Amendment and Joinder] 

 
			
	 HRHH GAMING, LLC,
 a Nevada limited liability company

		
	By:	 	

		 	Name:
		 	Title:
	
	 LVHR CASINO, LLC,
 a Nevada limited liability company

		
	By:	 	

		 	Name:
		 	Title:

  
 [Signature
Page to Omnibus Amendment and Joinder] 

 
			
	 BREF HR, LLC,
 a Delaware limited liability company

		
	By:	 	

		 	Name:
		 	Title:

  
 [Signature
Page to Omnibus Amendment and Joinder] 

 
			
	 VEGAS HR PRIVATE LIMITED,
 a Singapore corporation

		
	By:	 	

		 	Name: Jordan Bock
		 	Title:   Authorized Signatory
		
	By:	 	

		 	Name: KENT GOODWIN
		 	Title:   AUTHORIZED SIGNATORY

  
 [Signature
Page to Omnibus Amendment and Joinder]

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