Document:

Prepared by MERRILL CORPORATION

Exhibit 10.04  

    
AGREEMENT OF AMENDMENT NO. 6 

    THIS
AGREEMENT OF AMENDMENT NO. 6 (this "Amendment") is dated as of June  , 2001, effective as of May 29, 2001, among GENERAL ELECTRIC CAPITAL CORPORATION, FOR
ITSELF AND AS AGENT FOR CERTAIN PARTICIPANTS ("GE Capital"), GMAC COMMERCIAL MORTGAGE CORPORATION ("GMAC CMC") and ALADDIN GAMING, LLC ("Aladdin Gaming"). 

    GE
Capital and Aladdin Gaming have heretofore executed that certain Facilities Agreement, dated as of June 26, 1998, as amended (the "Facilities Agreement"), and pursuant
thereto that certain Master Lease Agreement, dated as of June 26, 1998, (the "Lease Agreement;" and together with the Facilities Agreement being sometimes hereinafter collectively referred to
as the "Agreements"). Capitalized terms used herein without definition shall have the meaning given them in the Agreements. 

    NOW,
THEREFORE, in consideration of the premises and the mutual covenants hereinafter contained, the parties agree as follows: 

    SECTION
1. AMENDMENTS TO FACILITIES AGREEMENT. The Facilities Agreement is amended as follows: 

    Section 1.1.  The definitions, and any amendments thereto, contained in that certain Seventh Amendment to Credit
Agreement, dated as of June 15, 2001, effective as of May 29, 2001 ("Seventh Amendment"), are hereby incorporated into the Facilities Agreement and the Agreements. 

    Section 1.2.  The following proviso shall be added to the end of Section 12(a)(3): 

    ";
provided, however, in no event shall such 30 day notice period apply to any
monetary obligation of the Sponsors under the Keep-Well Agreement, it being expressly understood that performance by the Sponsors thereunder shall be required in accordance with the terms
of the Keep-Well Agreement." 

    SECTION
2. Conditions to Effectiveness. This Amendment shall be and become effective on the date (the
"Effective Date") on which each of the following conditions precedent shall have been satisfied. 

    Section 2.1 Execution of Documents.  GE Capital and GMAC CMC have received counterparts of (i) this
Amendment executed by Authorized Representatives of Aladdin Gaming and the Administrative Agent; (ii) the Seventh Amendment executed by the Authorized Representative of the parties thereto; and
(iii) delivery of such other items required by GE Capital and GMAC CMC. 

    Section 2.2 Incumbency, etc.  GE Capital and GMAC CMC shall have received a certificate, dated as of the date of
this Amendment, of an Aladdin Gaming Authorized Representative: 

	(i)
	as
to the incumbency and signatures of the Person or Persons authorized to execute and deliver this Amendment and any instruments or agreements
required hereunder,

	(ii)
	as
to an attached copy of one or more resolutions or other authorizations of the manager of Aladdin Gaming certified by the Authorized
Representative of such manager as being in full force and effect on the date hereof, authorizing the execution, delivery and performance of this Amendment and any instruments or agreements required
hereunder, and

	(iii)
	that
the Organizational Documents of Aladdin Gaming have not been modified since the date on which they were last delivered to GE Capital, 

upon
which certificate GE Capital and GMAC CMC may conclusively rely until they shall have received a further certificate of an Authorized Representative of Aladdin Gaming canceling or amending such
prior certificate. 

 

    Section 2.3 Fees.  All reasonable fees and costs and expenses of Ober, Kaler, Grimes & Shriver and other
professionals employed by GE Capital and GMAC CMC and all other reasonable expenses of the GE
Capital and GMAC CMC in connection with the negotiation, execution and delivery of this Amendment and the transactions contemplated herein shall have been paid in full. 

    Section 2.4  Satisfactory Legal Form. GE Capital and GMAC CMC
shall have received all information, approvals, opinions, documents or instruments as GE Capital and GMAC CMC may have reasonably requested, and all documents executed or submitted pursuant hereto by
or on behalf of Aladdin Gaming shall be reasonably satisfactory in form and substance to GE Capital and GMAC CMC. 

    Section 2.5 Defaults.  After giving effect to the Seventh Amendment and this Amendment, the following statements
shall be true and correct: (i) to the best knowledge of Aladdin Gaming, no act or condition exists which, with the giving of notice or passage of time, would constitute a "Default" or "Event of
Default" (as defined in the Credit Agreement, the Facilities Agreement and the Discount Note Indenture) and (ii) no material adverse change has occurred in the financial condition, business,
property, prospects or ability of Aladdin Gaming to perform in all material respects its obligations under any Operative Document or any of the documents evidencing and securing the FF&E Financing to
which it is a party. 

    Section 2.6 Consents and Approvals.  All approvals and consents required to be taken, given or obtained, as the
case may be, by or from any Governmental Instrumentality or another Person, or by or from any trustee (including, without limitation, GE Capital and GMAC CMC and the Discount Note Indenture Trustee)
or holder of any Indebtedness or Obligation of Aladdin Gaming, that are necessary or, in the reasonable opinion of GE Capital and GMAC CMC, advisable in connection with the execution, delivery and
performance of this Amendment, by all parties hereto or thereto, shall have been taken, given or obtained, as the case may be, shall be in full force and effect and the time for appeal with respect to
any thereof shall have expired (or, if an appeal shall have been taken, the same shall have been dismissed) and shall not be subject to any pending proceedings or appeals (administrative, judicial or
otherwise) and shall be in form and substance reasonably satisfactory to GE Capital and GMAC CMC. 

    Section 2.7 Delivery of Amendment.  Aladdin Gaming shall have delivered this Amendment to all Persons entitled
under the Operative Documents to receive delivery hereof. 

    Section 2.8 Opinions.  GE Capital and GMAC CMC shall have received such opinions of counsel as it deems
necessary, dated as of the date of this Amendment and addressed to GE Capital and GMAC CMC, which shall be in form and substance satisfactory to GE Capital and GMAC CMC. 

    SECTION
3. REPRESENTATIONS AND WARRANTIES. In order to induce GE Capital and GMAC CMC to enter into this Amendment, Aladdin Gaming
hereby reaffirms, as of the date of this Amendment, its representations and warranties contained in Section 8 of the Facilities Agreement and additionally represents and warrants unto GE
Capital and GMAC CMC as set forth in this Section 3. 

    Section 3.1 Matters Pertaining to the Facilities Agreement and the Discount Note Indenture.  Aladdin Gaming has
performed in all material respects its obligations under the Agreements and the Discount Note Indenture. After giving effect to this Amendment and the Seventh Amendment, to the best knowledge of
Aladdin Gaming, no act or condition exists which, with the giving of notice or passage of time, would constitute a "Default" or "Event of Default" (as defined in the Credit Agreement, the Facilities
Agreement and the Discount Note Indenture). No material adverse change has occurred with respect to the financial condition, business, property, prospects or ability of Aladdin Gaming to perform in
all material respects its obligations under any Operative Document or the Facilities Agreement. 

2

 

    Section 3.2 Due Authorization, Non-Contravention, etc.  The execution, delivery and performance by
Aladdin Gaming of this Amendment and each other document executed or to be executed by it in connection with this Amendment are within Aladdin Gaming's powers, have been duly authorized by all
necessary action, and do not 

	(a)
	contravene
Aladdin Gaming's Organizational Documents;

	(b)
	contravene
any contractual restriction binding on or affecting any of the Aladdin Parties and/or the London Clubs Parties;

	(c)
	contravene
any court decree or order or Legal Requirement binding on or affecting any of the Aladdin Parties and/or the London Clubs Parties; or

	(d)
	result
in, or require the creation or imposition of, any Lien on any property of Aladdin Gaming, except as expressly permitted by the Operative Documents, 

and
GE Capital and GMAC CMC may conclusively rely on such representation and warranty. 

    Section 3.3 Government Approval, Regulation, etc.  No authorization or approval or other action by, and no notice
to or filing with, any governmental authority or regulatory body or other Person is required for the due execution, delivery or performance by Aladdin Gaming or any other Person of this Amendment or
any other document to be executed by it or any other Person in connection with this Amendment. 

    Section 3.4 Validity, etc.  This Amendment constitutes, and each other document executed by Aladdin Gaming in
connection with this Amendment, on the due execution and delivery thereof, will constitute, the legal, valid and binding obligations of Aladdin Gaming enforceable in accordance with their respective
terms, except as such enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors rights generally and by general principles of equity. 

    Section 3.5 Limitation.  Except as expressly provided hereby, all of the representations, warranties, terms,
covenants and conditions of the Facilities Agreement and each other Operative Document shall remain unamended and unwaived and shall continue to be, and shall remain, in full force and effect in
accordance with their respective terms. The amendments and modifications set forth herein shall be limited precisely as provided for herein, and shall not be deemed to be a waiver of, amendment of,
consent to or modification of any other term or provision of the Credit Agreement, the Facilities Agreement, any Operative Document, the Discount Note Indenture or other Instrument referred to therein
or herein, or of any transaction or further or future action on the part of Aladdin Gaming or any other Person which would require the consent of GE Capital and GMAC CMC, or the Discount Note
Indenture Trustee or any other Person. 

    Section 3.6 Offsets and Defenses.  Aladdin Gaming has no offsets or defenses to its obligations under the
Agreements and no claims or counterclaims against GE Capital or GMAC CMC. 

    Section 3.7 Release by Aladdin Gaming.  (a) As an inducement to GE Capital and GMAC CMC to enter into
this Amendment, Aladdin Gaming hereby releases and discharges GE Capital and GMAC CMC, and their respective successors and assigns, and all officers, directors, employees, agents, representatives,
insurers and attorneys of each of them from all actions, counterclaims, causes of action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts,
controversies, agreements, promises, variances, trespasses, damages, judgments, executions, claims, and demands whatsoever, in law, admiralty or equity, against GE Capital and GMAC CMC, and/or their
successors and assigns which Aladdin Gaming ever had, now has or hereafter can, shall or may, have for, upon, or by reason of any matter, cause or thing whatsoever from the beginning of the world to
the day of the date of this Amendment (the "Released Claims"). 

3

 

    (b) In order to induce GE Capital and GMAC CMC to accept the release set forth herein on behalf of, Aladdin Gaming represents that: 

    (i)  such
release constitutes a legal, valid and binding obligation of Aladdin Gaming, enforceable against it in accordance with its terms. The execution and delivery
of, and the performance and compliance by Aladdin Gaming with such release will not conflict with, or constitute on the part of Aladdin Gaming a violation or breach of, or a default under, and will
not require any authorization, consent, approval or other action by, or any notice to, or filing with any court or administrative body or any other Person
pursuant to, any mortgage, deed of trust, loan agreement, trust agreement or other agreement or instrument to which Aladdin Gaming or any of its property is subject or any laws and other governmental
requirements; and 

    (ii) Aladdin
Gaming (A) has not sold, transferred, conveyed, abandoned or otherwise disposed of any of the Released Claims, whether or not known, suspected or
claimed that Aladdin Gaming has, had or may have, against GE Capital and GMAC CMC, and/or any of their successors, predecessors (including, without limitation, all predecessors by virtue of merger)
and assigns, as the case may be and (B) has sought the advice of counsel with respect to the execution and delivery of this Amendment and Aladdin Gaming understands the legal implications with
respect to the release set forth herein and the other documents executed by Aladdin Gaming in connection herewith. 

    (c) Aladdin
Gaming hereby acknowledges that it may hereafter discover facts in addition to or different from those which it now knows or believes to be true with
respect to the subject matter of the release set forth herein, but that it is Aladdin Gaming's intention to, and it does, hereby fully, finally and forever settle the Released Claims; in furtherance
of such intention, Aladdin Gaming acknowledges that the release set forth herein shall be and remain in effect as a full and complete release, notwithstanding the subsequent discovery or existence of
any such additional or different facts. 

    SECTION
4. MISCELLANEOUS PROVISIONS. 

    Section 4.1. Ratification of and References to the Facilities Agreement.  This Amendment shall be deemed to be an
amendment to the Facilities Agreement, and the Facilities Agreement, as amended by this Amendment, shall continue in full force and effect and is hereby ratified, approved and confirmed in each and
every respect. All references to the Facilities Agreement in any other document, instrument, agreement or writing shall hereafter be deemed to refer to the Facilities Agreement, as amended by this
Amendment. 

    Section 4.2 Headings.  The various headings of this Amendment are inserted for convenience only and shall not
affect the meaning or interpretation of this Amendment or any provisions hereof. 

    Section 4.3 Applicable Law.  THIS AMENDMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, APPLICABLE TO CONTRACTS MADE AND PERFORMED IN SUCH STATE. 

    Section 4.3 Cross-References.  References in this Amendment to any Article or Section are, unless otherwise
specified, to such Article or Section of this Amendment. 

    Section 4.5 Operative Document.  This Amendment is an Operative Document executed pursuant to the Facilities
Agreement and shall (unless otherwise expressly indicated therein) be construed, administered and applied in accordance with the terms and provisions of the Facilities Agreement. 

    Section 4.6 Successors and Assigns.  This Amendment shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns. 

4

 

    Section 4.7 Counterparts.  This Amendment may be executed by the parties hereto in any number of counterparts and
on separate counterparts, each of which shall be an original but all of which together shall constitute one and the same instrument. 

    Section 4.8 Reservation of Rights.  Aladdin Gaming agrees that this Amendment and GE Capital and GMAC CMC's
consent thereto either before or after the date hereof shall not constitute (x) a waiver or forbearance by GE Capital and GMAC CMC under any of the Operative Documents, (y) the
acceptance by GE Capital and GMAC CMC of any course of conduct by Aladdin Gaming, the Completion Guarantors or any other Person, or (z) an agreement by GE Capital and GMAC CMC to amend any of
the Operative Documents or waive any of the provisions thereof without a corresponding amendment of the Senior Credit Agreement or waiver from the Administrative Agent on behalf of the Lenders, as the
case may be. Aladdin Gaming further agrees that GE Capital and GMAC CMC reserve all rights, remedies and options under the Operative Documents to require Aladdin Gaming to satisfy in all respects the
conditions relating to each Funding and perform all of its obligations under the Operative Documents which are then due and owing or are susceptible of performance, as the case may be. 

    IN
WITNESS WHEREOF, this Agreement of Amendment No. 6 Agreement has been duly executed as of the date first above written. 

	 
	 	 

	ALADDIN GAMING, LLC	 	GENERAL ELECTRIC CAPITAL

CORPORATION, FOR ITSELF AND AS

AGENT FOR CERTAIN PARTICIPANTS
	By:

                             	 	By:

                             
	Name:

                            	 	Name:

                            
	Title:

                             	 	Title:

                             
	

 	
 	

GMAC COMMERCIAL MORTGAGE

CORPORATION
	

 	
 	

By:

                             
	 	 	Name:

                            
	 	 	Title:

                             

PURSUANT
TO SECTION 5.1(C) OF THAT CERTAIN INTERCREDITOR AGREEMENT DATED AS OF JUNE 30, 1998, BY AND AMONG THE BANK OF NOVA SCOTIA, AS ADMINISTRATIVE AGENT, GENERAL ELECTRIC CAPITAL CORPORATION, FOR
ITSELF AND AS AGENT FOR CERTAIN PARTICIPANTS, AND ALADDIN GAMING, LLC, THE UNDERSIGN CONSENTS TO THE EXECUTION OF THE FOREGOING AMENDMENT BY ALADDIN GAMING, LLC. 

	 
	 	 

	 	 	THE BANK OF NOVA SCOTIA,

As Administrative Agent
	

 	
 	

By:

                             
	 	 	Name:

                            
	 	 	Title:

                             

5Prepared by MERRILL CORPORATION

Exhibit 10.05  

      SENIOR EXECUTIVE RETENTION AGREEMENT

    THIS
AGREEMENT ("Agreement"), by and between ALADDIN GAMING, LLC a Nevada limited liability company (the "Company"), and William Timmins (the "Executive"). 

WITNESSETH: 

    WHEREAS,
the Company and Executive entered into that certain employment agreement dated February 25, 2000, as amended ("Employment Agreement"), and has determined that the
Executive is a key executive of the Company and it is the desire of the Company to assure itself of the availability of the services of the Executive and to provide assurances to the Executive of
employment in the event of the commencement of a Chapter 11 case for the Company or in the event of a Change of Control (collectively an "Event"); 

    WHEREAS,
in the event that there occurs an Event, the Company believes it imperative that the Company be able to rely upon the Executive to continue in his position and, if required,
to assess any proposal or transaction which would cause an Event and advise management and the Company as to whether such proposal or transaction would be in the best interest of the Company and its
members, free from concern that his recommendations may adversely affect his continued employment: 

    NOW,
THEREFORE, to assure the Company that it will have the continued dedication of the Executive and the availability of his advice and counsel notwithstanding the possibility,
threat or occurrence of an Event and to induce the Executive to remain in the employ of the Company, and for other good and valuable consideration, the receipt, adequacy and sufficiency of which are
hereby acknowledged, the Company and the Executive agree as follows: 

    1.  Services During Certain Events. The Executive agrees that he will not voluntarily leave the employ of the Company
and will continue to render services to the Company as provided in the Employment
Agreement until the later of 18 months from the date of this Agreement or an Event Completion, as hereinafter defined ("Expiration Date"), provided, however, if no Event occurs within
18 months from the date of this Agreement, the Expiration Date shall be 18 months from the date of this Agreement. In the event the Employment Agreement terminates prior to the
Expiration Date, then the Employment Agreement shall be extended through the Expiration Date unless otherwise terminated as provided therein. 

    2.  Incentive Bonus Payments. From the date of this Agreement until the earlier of (a) the Expiration Date,
(b) the date the Company terminates the Executive with Cause or (c) the Executive quits the employ of the Company without Good Reason, the Company shall pay Executive, in addition to the
Base Salary pursuant to the Employment Agreement, less customary payroll deductions, the following bonus(es): 

	(i)
	If,
for the calendar year 2001, the Company achieves $63 million in EBITDA (as defined and computed in accordance with the Company's Credit
Agreement, dated February 26, 1998, (collectively, as amended, "Credit Agreement")), Executive shall be paid a bonus equal to 15% of the Executive's then-existing annual base
salary, payable on or before March 31, 2002;

	(ii)
	For
the calendar year 2002,

	a.
	If,
for the First Quarter 2002, the Company achieves "EBITDA" equal to or greater than the Company's "fixed charges" (both terms as defined and computed in accordance with the
Credit Agreement) for that quarter, then the Company shall pay Executive a bonus equal to 5% of Executive's then-existing annual base salary, payable on or before 45 days after the
end of that calendar quarter;

	b.
	If,
for the Second Quarter 2002, the Company achieves "EBITDA" equal to or greater than the Company's "fixed charges" (both terms as defined and computed in accordance 

 

with
the Credit Agreement) for that quarter, then the Company shall pay Executive a bonus equal to 10% of Executive's then-existing annual base salary, payable on or before 45 days
after the end of that calendar quarter; 

	c.
	If,
for the Third Quarter 2002, the Company achieves "EBITDA" equal to or greater than the Company's "fixed charges" (both terms as defined and computed in accordance with the
Credit Agreement) for that quarter, then the Company shall pay Executive a bonus equal to 15% of Executive's then-existing annual base salary, payable on or before 45 days after the
end of that calendar quarter; and

	d.
	If,
for the entire Year 2002, the Company achieves "EBITDA" for the entire Year 2002 equal to or greater than the Company's "fixed charges" (both terms as defined and computed in
accordance with the Credit Agreement) for the entire Year 2002, then the Company shall pay Executive a bonus equal to 50% of Executive's then-existing annual base salary, less the amounts,
if any, previously paid to the Executive pursuant to Sections 2(ii)(a), (b) and/or (c), such net amount to be paid on or before 90 days after the end of that calendar quarter. 

    3.  Retention Bonus Payment. If there is an Event prior to the Expiration Date, then upon the Payment Date, the Company
shall pay to the Executive as compensation for services rendered to the Company cash in an amount equal to three (3) times his then-existing aggregate annual base salary, (excluding
bonus or options) less customary payroll deductions; provided, however, the foregoing shall not apply if the Executive has quit without Good Reason or has been terminated by the Company with Cause
prior to the Event's occurrence. 

    4.  Definitions. 

	(a)
	"Cause"
shall mean (i) conviction of a felony, (ii) embezzlement or misappropriation of money or property of the Company, (iii) denial, rejection, suspension or
revocation of any gaming license or permit, (iv) Executive's material breach of Section 6 of the Employment Agreement which material breach has an adverse impact on the Company or
(v) Executive quits without Good Reason, as defined herein.

	(b)
	"Change
of Control" means either: (i) if collectively the Trust under Article Sixth u/w/o Sigmund Sommer and London Clubs International, plc ("London Clubs"), through their
respective subsidiaries own less than 50% of the equity of either the Company and/or Aladdin Gaming Holdings, LLC (for purposes of this section, collectively and/or individually hereinafter
"Aladdin"); or (ii) if a third party acquires, directly or indirectly, control of Aladdin or substantially all of its assets.

	(c)
	"Event
Completion" means the effective date of a plan of reorganization for the Company or 90 days after a Change of Control.

	(d)
	"Good
Reason" shall mean (i) a material reduction in Executive's duties, authorities and responsibilities without his consent provided Executive gives the Company written
notice specifying such action and the Company has not cured or abated such action within twenty (20) days thereafter, provided that a change in Executive's direct report shall not in and of
itself constitute evidence of a material reduction in duties, authorities and responsibilities; or (ii) a reduction by the Company in the Executive's base salary, in effect immediately prior to
such reduction, without his consent, provided Executive gives the Company written notice specifying such action and the Company has not cured or abated such action within twenty (20) days
thereafter; and (iii) the failure of the Company to cause this Agreement to be assumed as provided for in paragraph 11 below. 

2

 

	(e)
	"Payment
Date" shall mean the earlier of (i) the Event Completion, (ii) the date the Company terminates the Executive without Cause or (iii) the date the
Executive quits with Good Reason.

	(f)
	"Person"
shall have the same meaning as such term has under section 13(d) of the Act and the regulations promulgated thereunder. 

    5.  Indemnification. If litigation shall be brought to enforce or interpret any provision contained herein or to recover
from the Executive any moneys paid pursuant to this Agreement, the Company, to the extent permitted by applicable law and the Company's Articles of Organization, hereby agrees to indemnify the
Executive for his or her reasonable attorneys' fees and disbursements incurred in such litigation, and hereby agrees to pay any money judgment obtained from the Executive and prejudgment interest on
any money judgment obtained from the Executive. 

    6.  Payment Obligations Absolute. The Company's obligation to pay the Executive the payment and to make the arrangements
provided for herein shall be absolute and unconditional and shall not be affected by any circumstances, including, without limitation, any set-off, counterclaim, recoupment, defense or
other right which the Company may have against him or anyone else. All amounts payable by the Company hereunder shall be paid without notice or demand. Each and every payment made hereunder by the
Company shall be final, and the Company will not seek to recover all or any part of such payment from the Executive or from whosoever may be entitled thereto, for any reason whatsoever. The Executive
shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and the obtaining of any such other employment shall in
no event effect any reduction of the Company's obligations to make the payments and arrangements required to be made under this Agreement. 

    7.  Continuing Obligations. The Executive shall retain in confidence any confidential information known to him
concerning the Company and its respective businesses so long as such information is not publicly disclosed and otherwise comply with Section 6(a) of the Employment Agreement in all respects. 

    8.  Successors. This Agreement shall be binding upon and inure to the benefit of the Executive and his estate and the
Company and any successor of the Company, but neither this Agreement nor any rights arising hereunder may be assigned or pledged by the Executive. 

    9.  Severability. Any provision in this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective only to the extent of such prohibition or unenforceability without invalidating or affecting the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

    10. Prior Agreements. This Agreement supersedes any prior severance and retention agreement between the Executive and
the Company. Notwithstanding the prior sentence, this Agreement does not supersede or amend the Employment Agreement except as to those provisions relating to retention and severance, and is a
separate and independent contract between the Company and the Executive. 

[Balance
of Page Intentionally Left Blank] 

3

 

    11. Chapter 11 Case. In the event the Company commences a Chapter 11 case prior to the Expiration Date, the company
shall file a motion within two (2) business days of the petition date for the Chapter 11 Case to assume this Agreement pursuant to Section 365 of the Bankruptcy Code. In the event
an order is not entered by the Bankruptcy Court approving the assumption of this Agreement within thirty (30) days of the petition date, which order does not become a final,
non-appealable order within fifteen (15) days thereof, Executive has the right to terminate his employment with the Company with good reason. 

    12. Controlling Law. This Agreement shall in all respects be governed by and construed in accordance with the laws of
the State of Nevada. 

    13. Termination. This Agreement shall terminate on the Expiration Date; however, the Company's obligations pursuant to
Section 3, 5, 6 and 8 above and the Executive's obligations pursuant to Sections 6, 7 and 9(j) of the Employment Agreement, shall survive termination. 

    IN
WITNESS WHEREOF, the parties have executed this Agreement on the 11th day of June, 2001. 

	
 	
 	
ALADDIN GAMING, LLC
	

 	
 	

By:	
 	

	

 	
 	

Its:	
 	

 	
 	

 
	

 	
 	

EXECUTIVE
	

 	
 	

By:	
 	

 William Timmins

4

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