Document:

Second Lien Security Agreement

 EXHIBIT 10.8 
 SECOND LIEN SECURITY AGREEMENT 
 This Second Lien Security Agreement (as
may be from time to time extended, modified, renewed, restated, reaffirmed, supplemented or amended, this “Agreement”) dated as of January 21, 2011 is made by each of the Persons listed on the signature pages hereto, together
with each other Person who may become a party hereto pursuant to Section 22 of this Agreement (each, a “Grantor” and collectively, “Grantors”), jointly and severally, in favor of U.S. Bank National
Association, as Collateral Agent for the benefit of the Secured Party, and acknowledged and agreed to by (i) Collateral Agent and (ii) the Grantors listed on the signature pages hereto. 

Reference is made to the Indenture dated as of January 21, 2011 (as amended, supplemented or otherwise modified from time to time,
the “Indenture”), by and among CityCenter Holdings, LLC, a Delaware limited liability company (the “Company”), CityCenter Finance Corp., a Dela-ware corporation (the “Co-Issuer” and, together with
the Company, the “Issuers”), U.S. Bank National Association, as Trustee, and Collateral Agent. This Agreement is made with reference to the following facts: 
 RECITALS 
 A. Pursuant to the Indenture, the Issuers have issued
$600,000,000 aggregate principal amount of their 10.750%/11.500% Senior Secured Second Lien PIK Toggle Notes due 2017 upon the terms set forth therein. 
 B. Pursuant to the Indenture, each Guarantor has unconditionally and irrevocably guaranteed, as primary obligor and not merely as surety, to the Trustee, for the benefit of the Holders, the prompt and
complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Secured Obligations (as defined below). 
 C. Each Grantor will receive substantial benefits from the issuance of the Notes pursuant to the Indenture and each is, therefore, willing to enter into this Agreement. 

D. Collateral Agent has been appointed to serve as Collateral Agent under the Indenture and, in such capacity, to enter into this
Agreement. 
 E. This Agreement is made by the Grantors in favor of Collateral Agent for the benefit of the Secured Party to
secure the payment and performance in full when due of the Secured Obligations. 
 AGREEMENT 

NOW, THEREFORE, in order to induce Collateral Agent to enter into the Indenture and the other Notes Documents and to induce Holders to
purchase the Notes, and for other good and valuable consideration, the receipt and adequacy of which hereby are acknowledged, each Grantor hereby represents, warrants, covenants, agrees, assigns and grants as follows: 

1. Definitions. This Agreement is the “Security Agreement” referred to in the Indenture. This Agreement is one of the
“Collateral Documents” referred to in the Indenture. Terms 

 
defined in the Indenture and not otherwise defined in this Agreement shall have the meanings defined for those terms in the Indenture. Terms defined in the Nevada Uniform Commercial Code (the
“NUCC”) and not otherwise defined in this Agreement or in the Indenture shall have the meanings defined for those terms in the NUCC. As used in this Agreement, the following terms shall have the meanings respectively set forth after
each: 
 “Agreement” means this Second Lien Security Agreement, and any extensions, modifications, renewals,
restatements, supplements or amendments hereof. 
 “Automated People Mover” means the electric trams that
operate in Las Vegas, Neva-da among (i) the Bellagio Resort and Casino, (ii) the Monte Carlo Resort and Casino, and (iii) CityCenter. 
 “Certificates” means all certificates, instruments or other documents now or hereafter representing or evidencing any Pledged Securities. 

“Collateral” means and includes all present and future right, title and interest of each Grantor, in or to any Property
or assets whatsoever, whether now or hereafter acquired and wherever the same may from time to time be located, and all rights and powers of each Grantor, or any one or more of them, to transfer any interest in or to any Property or assets
whatsoever, including, without limitation, any and all of the following Property: 
 (a) All present and
future accounts, accounts receivable, agreements, contracts, leases, contract rights, payment intangibles, rights to payment, instruments, documents, chattel paper (whether tangible or electronic), promissory notes, security agreements, guaranties,
letters of credit (letter-of-credit rights), undertakings, surety bonds, insurance policies (whether or not required by the terms of the Notes Documents), notes and drafts, and all forms of obligations owing to each Grantor or in which any Grantor
may have any interest, however created or arising and whether or not earned by performance; 
 (b) All
present and future general intangibles, all tax refunds of every kind and nature to which each Grantor now or hereafter may become entitled, however arising, all other refunds, and all deposits, credits, reserves, loans, royalties, cost savings,
deferred payments, goodwill, choses in action, liquidated damages, rights to indemnification, trade secrets, computer programs, software, customer and supplier lists, licenses, permits, copyrights, technology, processes, proprietary information and
insurance proceeds of which each Grantor is a beneficiary; all present and future: (i) trademarks, trade names, trade styles, service marks, all prints and labels on which said trademarks, trade names, trade styles and service marks appear,
have appeared, or will appear, and all designs and general intangibles of a like nature, all applications, registrations, and recordings relating to the foregoing in the United States Patent and Trademark Office (“USPTO”) or in any
similar office or agency of the United States of America, any state thereof, or any political subdivision thereof, or in any other countries, and all reissues, extensions, and renewals thereof, including, without limitation, those registered
and applied-for trademarks, terms, designs and applications described in Schedule 1 attached hereto and made a part hereof (the “Trademarks”); and (ii) the goodwill of the business symbolized by each of the Trademarks,
including, without limitation, all customer lists and other records relating to the distribution of products or services bearing the Trademarks (that portion of the Collateral described in the foregoing clauses (i) and
(ii) is referred to herein as the “Trademark Collateral”); and all present and future: patents, whether foreign or domestic, applications, registrations, and recordings relating to such patents in the USPTO or in any
similar 

  
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office or agency of the United States of America, any state thereof, or any political subdivision thereof, or in any other countries, and all reissues, extensions, and renewals thereof, including
those patents and applications, registrations and recordings described in Schedule 2 attached hereto and made a part hereof (the “Patents”); and all present and future: copyrights, rights and interests in copyrights, works
protectable by copyright, copyright registrations and copyright applications, whether foreign or domestic, and United States, state and international registrations of the foregoing, and all reissues, extensions and renewals of the foregoing,
including, without limitation, those listed on Schedule 4 hereto (the “Copyrights”), together with all income, royalties, damages and payments now or hereafter due and/or payable with respect to the foregoing; the right to sue for
past, present and future infringements of rights in copyrights, all goodwill of each Grantor related thereto, and any and all proceeds of any of the foregoing, including, but not limited to, any and all proceeds of licensing thereof (the
“Copyright Collateral”, and collectively with the Trademark Collateral and the Patents, the “IP Collateral”); 
 (c) All present and future deposit accounts of each Grantor, including, without limitation, any demand, time, savings, passbook or like account maintained by each Grantor with any bank, savings and
loan association, credit union or like organization, and all money, cash and cash equivalents of each Grantor, whether or not deposited in any such deposit account; 

(d) All present and future books and records, including, without limitation, books of account and ledgers of
every kind and nature, all electronically recorded data relating to each Grantor or the respective businesses thereof, all receptacles and containers for such records, and all files and correspondence related thereto; 

(e) All present and future goods, including, without limitation, all consumer goods, farm products, inventory,
equipment, catalogs, machinery, tools, molds, dies, furniture, furnishings, fixtures, trade fixtures, motor vehicles and all other goods used in connection with or in the conduct of each Grantor’s business, including all goods as defined in
Nevada Revised Statute § 104.9102 or any successor statute; 
 (f) All present and future inventory and
merchandise, including, without limitation, all present and future goods held for sale or lease or to be furnished under a contract of service, all raw materials, work in process and finished goods, all packing materials, supplies and
containers relating to or used in connection with any of the foregoing, and all bills of lading, warehouse receipts or documents of title relating to any of the foregoing; 

(g) All present and future stocks, bonds, debentures, securities (whether certificated or uncertificated), securities
entitlements, securities accounts, commodity contracts, commodity accounts, subscription rights, options, warrants, puts, calls, certificates, investment property, partnership interests, limited liability company membership or other interests, joint
venture interests, certificates of deposit, Investments and/or brokerage accounts, including all Pledged Collateral, and all rights, preferences, privileges, dividends, distributions, redemption payments, or liquidation payments with respect
thereto; 
 (g2) All tort claims arising out of the construction of CityCenter, including, without limitation,
the construction of Harmon, whether such claims are against Perini, its agents, affiliates, contractors, subcontractors or any other party, and all proceeds of any such tort claims; 

  
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 (g3) All present and future rights, title and interests in, appurtenant to,
or associated with, the Automated People Mover; 
 (h) All present and future accessions, appurtenances,
components, repairs, repair parts, spare parts, replacements, substitutions, additions, issue and/or improvements to or of or with respect to any of the foregoing; 

(i) All other present and future tangible and intangible Property of each Grantor (other than real property, which
shall be encumbered by the Second Lien Deed of Trust and any other applicable deeds of trust or mortgages for the benefit of the Secured Party); 
 (j) All present and future rights, remedies, powers and/or privileges of each Grantor with respect to any of the foregoing, including the right to make claims thereunder or with respect
thereto; and 
 (k) Any and all proceeds and products of any of the foregoing, including, without
limitation, all money, accounts, payment intangibles, general intangibles, deposit accounts, promissory notes, documents, instruments, certificates of deposit, chattel paper, goods, insurance proceeds, claims by each Grantor against third parties
for past, present and future infringement of the IP Collateral or any license with respect thereto, and any other tangible or intangible property received upon the sale or disposition of any of the foregoing. 

Notwithstanding anything herein to the contrary, in no event shall the Collateral include, and each Grantor shall not be deemed to have granted a
security interest in, (a) any of Grantors’ rights or interests in or under, any license, contract, permit, or franchise to which each Grantor is a party or any of its rights or interests thereunder to the extent, but only to the extent,
that such a grant would, under the terms of such license, contract, permit, or franchise, result in a breach of the terms of, or constitute a default under, such license, contract, permit, or franchise (other than to the extent that any such term
would be rendered ineffective pursuant to the NUCC or any other applicable law (including any Debtor Relief Law) or principles of equity); provided, that immediately upon the ineffectiveness, lapse or termination of any such provision, the
Collateral shall include, and each Grantor shall be deemed to have granted a security interest, in, all such rights and interests as if such provision had never been in effect, (b) any trademark applications filed in the United States Patent
and Trademark Office on the basis of Grantors’ “intent-to-use” such trademark to the extent that granting a security interest in such trademark application prior to such filing would adversely affect the enforceability or validity or
result in the voiding of such trademark application, unless and until acceptable evidence of use of the trademark has been filed with and accepted by the United States Patent and Trademark Office pursuant to Section 1(c) or Section 1(d) of
the Lanham Act (15 U.S.C. 1051, et seq.), whereupon such trademark application will be deemed automatically included in the Collateral, (c) any assets sold pursuant to a RE Receivables Sale and any Equity Interests of Special Purpose RE
Subsidiaries granted in connection with a Special Purpose RE Financing, in each case that are subject to a Lien permitted by clause (21) of the definition of Permitted Lien in the Indenture, (d) assets and any proceeds thereof that are
subject to a Lien permitted by clause (5) of the definition of Permitted Liens in the Indenture, to the extent and for so long as the contract or other agreement in which such Lien is granted (or the documentation providing Indebtedness subject
to such Lien) validly prohibits the creation of any other Lien on such assets and proceeds, (e) any assets or shares of stock of a Person subject to a Lien permitted by clause (8) of the definition of Permitted Liens in the Indenture to
the extent and for so long as the contract or other agreement in which such Lien is granted validly prohibits the creation of any other Lien on such assets or shares of stock or (f) the Interest Reserve Account. Notwithstanding anything herein
to the contrary, the pledge of any Equity Interests of any Person that holds a gaming license 

  
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granted by Nevada Gaming Commission or any Person that directly or indirectly owns any of the Equity Interests of a Person that holds such a gaming license will not be effective until after
approval of such pledge by the Nevada Gaming Commission; provided that such pledge shall automatically be effective and such Equity Interests shall be automatically part of Collateral upon receipt of all such necessary approvals and without
any further action by any party hereto. 
 In addition, Collateral shall also not include any asset with respect to which the
security interest of Collateral Agent is released pursuant to Section 5 hereof. 
 “Collateral Agent”
means U.S. Bank National Association, when acting in its capacity as Collateral Agent under the Indenture and the Collateral Documents, and any successor to U.S. Bank National Association in that capacity. 

“Credit Agreement Collateral Agent” has the meaning given to such term in the General Intercreditor Agreement.

 “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation,
conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in
effect and affecting the rights of creditors generally (including, in the case of Dubai World (as defined in the Indenture), any relevant foreign jurisdictions). 
 “Distributions” means any dividend or other distribution (whether in cash, securities or other Property) with respect to any capital stock or other Equity Interest of any Person or any of
its Subsidiaries, or any payment (whether in cash, securities or other Property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, defeasance, acquisition, cancellation or termination of any such
capital stock or other Equity Interest, or on account of any return of capital to any Person’s stockholders, partners or members (or the equivalent of any thereof), or any option, warrant or other right to acquire any such dividend or other
distribution or payment. 
 “Equity Interests” means, for any Person, any and all shares, interests,
participations or other equivalents (however designated, and including capital appreciation rights) of the capital stock, membership interests, partnership interests or other equivalent equity ownership interests in or of such Person, and any and
all warrants, rights or options to purchase or acquire any of the foregoing. 
 “Gaming Approvals” means with
respect to any action by a particular Person, any consent, approval or other authorization required for such action by such Person from a Gaming Board under Gaming Laws. 
 “Gaming Boards” means, collectively, the Nevada Gaming Commission, the Nevada State Gaming Control Board, the Clark County Liquor and Gaming Licensing Board, and any other federal, state
or local agency having jurisdiction over the Grantors. 
 “Gaming Laws” means, collectively, the Nevada Gaming
Control Act, as codified in NRS Chapter 463, as amended from time to time, and the regulations of the Nevada Gaming Authorities promulgated thereunder, as amended from time to time, the various Clark County ordinances and regulations applicable to
gaming activities, and all other laws pursuant to which any Gaming Board holds regulatory, licensing or permit authority over gambling, gaming or casino activities conducted by any Grantor within its jurisdiction. 

  
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 “Initial Additional First Lien Collateral Agent” has the meaning given to
such term in the General Intercreditor Agreement. 
 “Laws” means, collectively, all international, foreign,
United States federal and state and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental
Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each
case whether or not having the force of law. 
 “Mortgaged Property” means, collectively, all of the real
property, fixtures and other assets encumbered by the Deed of Trust (as defined in the Indenture). 
 “Notes
Documents” means the Indenture, the Notes, this Agreement and each of the other agreements, documents, and instruments providing for or evidencing any other Secured Obligations and any other document or instrument executed or delivered at
any time in connection with any Secured Obligations, to the extent such are effective at the relevant time, as each may be amended, modified, restated, supplemented, replaced or refinanced from time to time. 

“Perini” means Perini Building Company, Inc., a Nevada corporation, and its successors and assigns. 

“Pledged Collateral” means any and all property of each Grantor now or hereafter pledged and delivered to Collateral
Agent (or, except as expressly permitted by the Indenture, to Applicable Collateral Agent pursuant to the terms of the General Intercreditor Agreement) for the benefit of Secured Party pursuant to this Agreement, and includes without limitation
(a) the Pledged Securities and any Certificates representing or evidencing the same, (b) all proceeds and products of any of the foregoing, (c) any and all collections, Distributions, cash, instruments, interest or premiums with
respect to any of the foregoing and (d) any and all rights, titles, interests, privileges, benefits and preferences appertaining or incidental to any of the foregoing. 
 “Pledged Securities” means (a) any and all Equity Interests in the Subsidiaries of each Grantor now or hereafter owned by any Grantor, including any interest of any Grantor in
the entries on the books of any securities intermediary or financial intermediary pertaining thereto (the existing Subsidiaries of each Grantor are listed on Schedule 3), (b) any and all Equity Interests now or hereafter issued in
substitution, exchange or replacement therefor, or with respect thereto, and (c) any and all warrants, options or other rights to subscribe to or acquire any additional Equity Interests in the Subsidiaries owned by each Grantor. 

“Pledged Securities Issuer” means any issuer of any Pledged Securities. 

“Property” means all tangible and intangible assets and properties, including cash, securities, accounts and contract
rights. 
 “Secured Obligations” means any principal, premium, interest, fees (including any interest and fees
accruing after the commencement of any proceeding under the Debtor Relief Law by or against any Grantor, whether or not such interest or fees are an allowed claim in such proceeding), penalties, indemnifications, reimbursements, damages and other
liabilities, and guarantees of payment of such principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities (including any fees or expenses owed to the Trustee or Collateral Agent, in their respective
capacities 

  
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as such) by any Grantor, payable or arising under any of the Indenture, the Notes, this Agreement and the other Notes Documents. 

“Secured Party” means, collectively, Collateral Agent, the Trustee, the Holders and any other holders of Secured
Obligations. 
 2. Further Assurances. At any time and from time to time, each Grantor shall execute, file and deliver to
Collateral Agent for the benefit of Secured Party all such financing statements and other instruments and documents as shall be necessary to perfect, when filed and/or recorded, Collateral Agent’s security interest for the benefit of Secured
Party granted pursuant to Section 3 of this Agreement; provided that this sentence shall not apply absent the request of Collateral Agent to any Collateral subject to any certificate of title statute pursuant to 9-311(a) of the NUCC. At
any time and from time to time, Collateral Agent shall be entitled to file and/or record any or all such financing statements, instruments and documents held by it, and any or all such further financing statements, documents and instruments, and to
take all such other actions, as may be required or as Collateral Agent may deem appropriate to perfect and to maintain perfected the security interests granted in Section 3 of this Agreement. Before and after the occurrence of any Event
of Default, at Collateral Agent’s request (although Collateral Agent shall have no duty, express or implied, to make such request), each Grantor shall execute all such further financing statements, instruments and documents, and shall do all
such further acts and things, as may be required or as deemed necessary or desirable by Collateral Agent to create and perfect, and to continue and preserve, an indefeasible security interest in the Collateral in favor of Collateral Agent for the
benefit of Secured Party, or the priority thereof. With respect to any Collateral consisting of certificated securities, instruments, documents, certificates of title or the like, as to which Collateral Agent’s security interest need be
perfected by, or the priority thereof need be assured by, possession of such Collateral, each Grantor upon demand of Collateral Agent will deliver possession of same in pledge to Collateral Agent (or to the Applicable Collateral Agent (as defined in
the General Intercreditor Agreement pursuant to the terms of the General Intercreditor Agreement)) for the benefit of Secured Party. With respect to any Collateral consisting of securities, instruments, partnership or joint venture interests or the
like, each Grantor hereby consents and agrees that the issuers of, or obligors on, any such Collateral, or any registrar or transfer agent or trustee for any such Collateral, shall be entitled to accept the provisions of this Agreement as conclusive
evidence of the right of Collateral Agent to effect any transfer or exercise any right hereunder or with respect to any such Collateral, notwithstanding any other notice or direction to the contrary heretofore or hereafter given by each Grantor or
any other Person to such issuers or such obligors or to any such registrar or transfer agent or trustee. 
 3. Security
Agreement. For valuable consideration, each Grantor hereby assigns and pledges to Collateral Agent for the benefit of Secured Party, and grants to Collateral Agent for the benefit of Secured Party a security interest in, all presently existing
and hereafter acquired Collateral, as security for the timely payment and performance of all of the Secured Obligations. This Agreement is a continuing and irrevocable agreement and all the rights, powers, privileges and remedies hereunder shall
apply to any and all Secured Obligations, including those arising under successive transactions which shall either continue the Secured Obligations, increase or decrease them, or from time to time create new Secured Obligations after all or
any prior Secured Obligations have been satisfied, and to the extent not prohibited by applicable Law, notwithstanding the bankruptcy of the Company, the Co-Issuer, any other Grantor or any other Person or any other event or proceeding affecting any
Person. All the rights, remedies, privileges and powers of Secured Party shall be exercised exclusively by Collateral Agent for the benefit of the Secured Party. 

  
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 In addition, each Grantor hereby assigns and pledges to Bank of America, N.A., as Credit
Agreement Collateral Agent, for the benefit of Secured Party, and grants to Bank of America, N.A., as Credit Agreement Collateral Agent, for the benefit of Secured Party a security interest in any Controlled Shared Collateral (as defined in the
General Intercreditor Agreement), excluding, for the avoidance of doubt, the Interest Reserve Account, as security for the timely payment and performance of all of the Secured Obligations. 

4. Delivery of Certain Pledged Collateral. On or before the Issue Date, each Grantor shall cause to be pledged and delivered to
Collateral Agent (or to the Credit Agreement Collateral Agent pursuant to the terms of the General Intercreditor Agreement) for the benefit of Secured Party the Certificates, if any, evidencing the Equity Interests listed on Schedule 3
hereto. Following the Issue Date, each Grantor will promptly notify Secured Party of the creation of any Certificates and deliver such Certificates to Collateral Agent (or to the Applicable Collateral Agent pursuant to the terms of the General
Intercreditor Agreement) for the benefit of Secured Party within 5 Business Days of their creation. All Certificates at any time delivered to Collateral Agent shall be in suitable form for transfer by delivery, or shall be accompanied by duly
executed instruments of transfer or assignment in blank, all in form and substance reasonably satisfactory to Collateral Agent. Collateral Agent for the benefit of Secured Party shall hold all Certificates pledged hereunder pursuant to this
Agreement unless and until released in accordance with Section 5 of this Agreement. 
 5. Release of Pledged
Collateral. The Grantors will be entitled to the releases of the assets and properties included in the Collateral as described in the Indenture. Collateral Agent, at the expense of such Grantor, promptly shall redeliver all Certificates and
shall execute and deliver to such Grantor all documents requested by such Grantor that are reasonably necessary to release Pledged Collateral of record whenever such Grantor shall be entitled to the release thereof in accordance with this Section.

 6. Grantors’ Representations, Warranties and Agreements. Each Grantor represents, warrants and agrees that:
(a) each Grantor owns the Collateral free and clear of any Lien except as expressly permitted in the Indenture and each Grantor has the right and power to grant the security interests granted hereunder in the Collateral; (b) each Grantor
is the sole legal and beneficial owner of the Pledged Collateral in which each Grantor is purporting to grant a security interest to Collateral Agent for the benefit of Secured Party, and the Pledged Collateral is not subject to any Lien
other than Liens permitted under the Indenture; (c) each Grantor has the right and power to pledge the Pledged Collateral and grant a security interest in the Collateral to Collateral Agent for the benefit of Secured Party without
the consent, approval or authorization of, or notice to, any Person (other than such consents, approvals, authorization or notices which have been obtained or given prior to the date hereof or the approval of the Nevada Gaming
Commission as described in Section 29 hereof) and such pledge and security interest constitutes the valid, binding and enforceable obligation of each Grantor, enforceable against such Grantor in accordance with the terms hereof and the
other Notes Documents, except as enforcement may be limited by, the NUCC, Debtor Relief Laws or equitable principles relating to the granting of specific performance and other equitable remedies as a matter of judicial discretion;
(d) all Equity Interests that constitute a portion of the Pledged Collateral are duly authorized, validly issued in accordance with all applicable Laws, are fully paid and non-assessable (to the extent such concepts are applicable), and
represent one hundred percent (100%) of the Equity Interests owned by each Grantor in each Subsidiary of each Grantor; (e) except as not prohibited under the Indenture, each Grantor will not: (i) sell, assign, exchange,
transfer, grant a license in, or otherwise dispose of, or contract to sell, assign, exchange, transfer or otherwise dispose of, or grant any option with respect to, any of the Collateral, (ii) create or permit to exist any Lien upon or with
respect to any of the Collateral, except for Liens permitted under the Indenture, or (iii) take any action with respect to the Collateral 

  
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which is inconsistent with the provisions or purposes of this Agreement or any other Notes Document; (f) each Grantor will pay, prior to delinquency, all material taxes, charges, Liens and
assessments against the portion of the Collateral owned by it, except such as are timely contested in good faith, and upon its failure to pay or so contest such taxes, charges, Liens and assessments, Collateral Agent at its option may pay any
of them, and Collateral Agent shall be the sole judge of the legality or validity thereof and the amount necessary to discharge the same; (g) the Collateral will not be used for any unlawful purpose or in violation of any Law, regulation or
ordinance, nor used in any way that will void or impair any insurance required to be carried in connection therewith; (h) each Grantor will, to the extent consistent with good business practice in its industry, keep the portion of the
Collateral owned by it in reasonably good repair, working order and condition, and from time to time make all commercially reasonable repairs, renewals, replacements, additions and improvements thereto and, as appropriate and applicable, will
otherwise deal with such portion of the Collateral in all such ways as are considered good practice by owners of like Property; (i) each Grantor will take all reasonable steps to preserve and protect the portion of the Collateral owned by it,
including, with respect to the Patents, Trademarks and Copyrights, the filing of any renewal affidavits and applications, but not including any property that is no longer used or useful in such Grantor’s business; (j) as of the date
hereof, each Grantor has no Trademarks registered, or subject to pending applications, in the USPTO, or to the best knowledge of each Grantor, any similar office or agency in the United States of America other than those described in Schedule
1 attached hereto; (k) as of the date hereof, each Grantor has no Patents registered, or subject to pending applications, in the USPTO, or to the best knowledge of each Grantor, any similar office or agency in the United States of America
other than those described in Schedule 2 attached hereto; (l) except as listed in Schedule 5 attached hereto, to the best of each Grantor’s knowledge there are no actions, suits, proceedings or
investigations pending or threatened in writing against any Grantor before any Governmental Authority which could reasonably be expected to cause any material portion of the IP Collateral to be adjudged invalid or unenforceable, in whole or in part;
(m) each Grantor shall notify Secured Party concurrently with delivery of the quarterly financial statements pursuant to the Indenture after filing any application for the registration of a Patent, Trademark or Copyright with the USPTO, USCO
(as defined below) or any similar office or agency in the United States of America, or any State therein and deliver to Collateral Agent at such time short-form security agreement with respect to such Patents, Trademarks or Copyrights in appropriate
form for filing with the USPTO or USCO, as applicable and file such agreements with the USPTO or USCO, as applicable; (n) each Grantor shall promptly notify Secured Party if it knows or has reason to know of any reason why any applicable
registration or recording of any Patent, Trademark or Copyright may become abandoned, canceled, invalidated, or unenforceable; (o) each Grantor will render any assistance, as Collateral Agent may reasonably determine is necessary, to Collateral
Agent in any proceeding before the USPTO, the USCO, any federal or state court, or any similar office or agency in the United States of America, or any State therein, to maintain any Patent, Trademark or Copyright and to protect Collateral
Agent’s security interest therein, including, without limitation, filing of renewals, affidavits of use, affidavits of incontestability and opposition, interference, and cancellation proceedings; (p) each Grantor will promptly
notify Secured Party if such Grantor learns of any use by any Person of any term or design likely to cause confusion with any of the Trademarks, or of any use by any Person of any other process or product which infringes upon any of the Trademarks,
and if requested by Collateral Agent, such Grantor, at its expense, shall join with Collateral Agent in such action as, following an Event of Default, Collateral Agent upon the Trustee’s written direction may reasonably deem advisable for the
protection of Collateral Agent’s interest for the benefit of Secured Party in and to the Trademarks; (q) each Grantor assumes all responsibility and liability arising from the use of the Trademarks, Patents and Copyrights, and each Grantor
hereby indemnifies and holds Secured Party harmless from and against any claim, suit, loss, damage or expense (including reasonable attorneys’ fees) arising out of any alleged defect in any product manufactured, promoted, or sold by any
Grantor (or any Affiliate or Subsidiary thereof) in connection with any Patent, Trademark or Copyright or out 

  
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of the manufacture, promotion, labeling, sale, or advertisement of any such product by each Grantor or any Affiliate or Subsidiary thereof; (r) each Grantor shall promptly notify Secured
Party in writing of any adverse determination in any proceeding in the USPTO, USCO or any other foreign or domestic Governmental Authority, court or body, regarding such Grantor’s claim of ownership in any of the Trademarks, Patents or
Copyrights used in the business of such Grantor, and in the event of any infringement of any such Trademark, Patents or Copyrights used in its business owned by each Grantor by a third party, such Grantor shall promptly notify Secured Party in
writing of such infringement and sue for and diligently pursue damages for such infringement (and if such Grantor shall fail to take such action within one (1) month after such notice is given to Secured Party, Collateral Agent may, but shall
not be required to, itself take such action in the name of such Grantor, and such Grantor hereby appoints Collateral Agent for the benefit of Secured Party the true and lawful attorney-in-fact of such Grantor, for it and in its name, place and
stead, on behalf of such Grantor, to commence judicial proceedings in any court or before any other tribunal to enjoin and recover damages for such infringement, any such damages due to such Grantor, net of costs and reasonable attorneys’ fees,
to be applied to the Secured Obligations); (s) each Grantor will maintain, with responsible insurance companies, insurance covering the Collateral against such insurable losses as is required by the Notes Documents; (t) each Grantor will
promptly notify Secured Party in writing or post to a publicly available website (including any filing available on EDGAR or any successor information filing service) notice in the event of any substantial or material damage to the Collateral
(considered as a whole) from any source whatsoever; (u) in the event any Grantor changes its name, jurisdiction of organization, identity or corporate structure or its address as either are set forth herein, such Grantor will notify Secured
Party of such name and/or address change promptly, but in any event, within thirty (30) days and take all actions necessary to continue the perfection of the security interest created hereunder following any such change with the same priority
as immediately prior to such change, and (v) as of the date hereof, each Grantor does not have any Copyrights registered with the United States Copyright Office (“USCO”), or any similar office or agency in the United States of
America, or elsewhere other than those described in Schedule 4 attached hereto; (w) Secured Party and each Grantor shall modify this Agreement by amending the Schedules hereto to include any new IP Collateral, renewal thereof or any IP
Collateral applied for and obtained hereafter; and each Grantor shall, concurrently with the execution and delivery of any such to the Credit Agreement Collateral Agent at any time while the Credit Agreement remains outstanding, and otherwise
concurrently with the delivery of the next quarterly financial statements required to be delivered pursuant to the Indenture after such IP Collateral is obtained, or, during the continuance of an Event of Default, upon the request of Collateral
Agent, execute and deliver to Collateral Agent any and all assignments, agreements, instruments, documents and such other papers as may be required or as requested by Collateral Agent to evidence the assignment of a security interest in each such IP
Collateral; (x) with respect to the Copyright Collateral, each Grantor shall, at its sole expense, do, make, execute and deliver all such additional and further acts, things, deeds, assurances, and instruments necessary for the creation,
validity, and perfection of the security interests provided for in this Agreement in favor of Collateral Agent for the benefit of the Secured Party under 35 U.S.C. Section 261, 15 U.S.C. Section 1051 et seq., 17 U.S.C.
Sections 101, 201 et seq., the NUCC or other Law of the United States of America, the State of Nevada, other States in any of the Copyright Collateral and to completely vest in and assure to Collateral Agent its rights hereunder in any
of the Copyright Collateral, and each Grantor hereby irrevocably authorizes Collateral Agent or its designee, at such Grantor’s expense, to execute such documents, and file such financing statements with respect thereto with or without such
Grantor’s signature, as Collateral Agent may reasonably deem appropriate (it being understood that Collateral Agent shall have no obligation to do any such filings); and (y) as of the date hereof, Grantors hold no tort claims except as
described on Schedule 6 attached hereto. In the event that any recording or refiling (or the filing of any statement of continuation or assignment of any financing statement) or any other action, is required at any time to protect and
preserve such security interests in the Copyright Collateral, each Grantor shall, at its 

  
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sole cost and expense, cause the same to be done or taken at such time and in such manner as may be necessary. Each Grantor further authorizes Collateral Agent to have this or any other similar
agreement recorded or filed with the USCO or other appropriate federal, state or foreign government office. Each Grantor agrees that, in the event any Grantor takes any action pursuant to this Section 6 to grant or perfect a Lien in favor of
the Credit Agreement Collateral Agent or the Initial Additional First Lien Collateral Agent, as applicable, in any Collateral or portion thereof, such Grantor shall also take such action to grant or perfect a Lien in respect of such assets (subject
to the General Intercreditor Agreement, Section 5 and Section 7) in favor of Collateral Agent to secure the Secured Obligations, whether or not such action was requested by Collateral Agent. 

7. Deposit Accounts. For each deposit account included in the Collateral that any Grantor at any time opens or maintains, each
Grantor shall cause the depositary bank to agree to comply with at any time instructions from Collateral Agent to such depositary bank directing the disposition of funds from time to time credited to such deposit account, without further consent of
such Grantor, pursuant to an agreement granting “control” (within the meaning of Section 9-104 of the NUCC) (a “Control Account Agreement”) in a form reasonably satisfactory to Collateral Agent; provided that
the requirements of this Section 7 shall be deemed satisfied for so long as the Credit Agreement Collateral Agent is a party to control agreements with respect to such deposit accounts for the benefit of the Secured Party in accordance with the
General Intercreditor Agreement or the Credit Agreement Collateral Agent has agreed not to request a control agreement with respect to such deposit account; and provided, further, that after the Discharge of the Credit Agreement
Obligations (as such term is defined in the General Intercreditor Agreement), each Grantor shall use its commercially reasonable efforts to enter into a Control Account Agreement with respect to each deposit account within 30 days after the
Discharge of the Credit Agreement Obligations except for any “cage cash,” international marketing, deposit accounts used exclusively for payroll and deposit accounts the balance of which is transferred at the end of each business day to
another deposit account subject to Collateral Agent’s control. Without limitation on the foregoing, Collateral Agent shall also have the right (but not an obligation) at any time, whether or not an Event of Default shall have occurred or be
continuing, to make reasonable inquiry of each applicable depositary institution at which a deposit account is maintained to verify the account balance of such deposit account. 

8. Collateral Agent’s Rights Regarding Collateral. Upon the occurrence and during the continuation of an Event of Default, at
the expense of each Grantor, Collateral Agent may, to the extent it may be necessary or desirable to protect the security hereunder, but Collateral Agent shall not be obligated to: (a) notify obligors on the Collateral that the Collateral has
been assigned to Collateral Agent for the benefit of Secured Party; and (b) at any time and from time to time request from obligors on the Collateral, in the name of each Grantor or in the name of Collateral Agent, information concerning the
Collateral and the amounts owing thereon. The foregoing power of attorney is coupled with an interest and is irrevocable. Each Grantor shall maintain books and records pertaining to the Collateral in a manner consistent with Collateral Agent’s
interests hereunder. Each Grantor shall at any time at Collateral Agent’s request mark the Collateral and/or each Grantor’s ledger cards, books of account and other records relating to the Collateral with appropriate notations satisfactory
to Collateral Agent disclosing that they are subject to Collateral Agent’s security interests. Collateral Agent shall at any time during regular business hours on reasonable notice have reasonable access to and the right to audit any and all of
any Grantor’s books and records pertaining to the Collateral, and to confirm and verify the value of the Collateral and to do whatever else Collateral Agent reasonably may deem necessary or desirable to protect its interests and the interest of
Secured Party; provided, however, that any such action which involves communicating with customers of each Grantor shall be carried out by Collateral Agent through each Grantor’s independent auditors unless Secured Party
shall then have the right directly to notify obligors on the Collateral as provided in Section 12. Collateral 

  
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Agent shall be under no duty or obligation whatsoever to take any action to preserve any rights of or against any prior or other parties in connection with the Collateral, to exercise any voting
rights or managerial rights with respect to any Collateral, whether or not an Event of Default shall have occurred, or to make or give any presentments, demands for performance, notices of non-performance, protests, notices of protests, notices of
dishonor or notices of any other nature whatsoever in connection with the Collateral or the Secured Obligations. Collateral Agent shall be under no duty or obligation whatsoever to take any action to protect or preserve the Collateral or any rights
of each Grantor therein, or to make collections or enforce payment thereon, or to participate in any foreclosure or other proceeding in connection therewith. 
 9. Collections on the Collateral. Except as otherwise provided in any Notes Document, each Grantor shall have the right to use and to continue to make collections on and receive dividends and other
proceeds of all of the Collateral in the ordinary course of business so long as no Event of Default shall have occurred and be continuing and Collateral Agent has not elected to exercise its rights hereunder. Upon the occurrence and during the
continuance of an Event of Default, and after Collateral Agent has elected to exercise its rights hereunder, each Grantor’s right to make collections on and receive dividends and other proceeds of the Collateral and to use or dispose of such
collections and proceeds shall terminate, and any and all dividends, proceeds and collections, including all partial or total prepayments, then held or thereafter received on or on account of the Collateral will be held or received by each
Grantor in trust for Collateral Agent and immediately delivered in kind to Collateral Agent for the benefit of Secured Party. Any remittance received by each Grantor from any Person shall be rebuttably presumed to relate to the Collateral and to be
subject to Collateral Agent’s security interests. Upon the occurrence and during the continuance of an Event of Default, Collateral Agent shall have the right at all times to receive, receipt for, endorse, assign, deposit and deliver, in the
name of Collateral Agent or in the name of each Grantor, any and all checks, notes, drafts and other instruments for the payment of money constituting proceeds of or otherwise relating to the Collateral; and each Grantor hereby authorizes Collateral
Agent to affix, by facsimile signature or otherwise, the general or special endorsement of it, in such manner as Collateral Agent shall deem advisable, to any such instrument in the event the same has been delivered to or obtained by Collateral
Agent without appropriate endorsement, and Collateral Agent and any collecting bank are hereby authorized to consider such endorsement to be a sufficient, valid and effective endorsement by each Grantor, to the same extent as though it were manually
executed by the duly authorized officer of such Grantor, regardless of by whom or under what circumstances or by what authority such facsimile signature or other endorsement actually is affixed, without duty of inquiry or responsibility as to such
matters, and each Grantor hereby expressly waives demand, presentment, protest and notice of protest or dishonor and all other notices of every kind and nature with respect to any such instrument. 

10. Possession of Collateral by Collateral Agent. Any or all of the Collateral delivered to Collateral Agent will be held in a
non-interest-bearing account and may be applied to payment of the Secured Obligations in accordance with the Indenture and the General Intercreditor Agreement. Nothing herein shall obligate Collateral Agent to invest any Collateral or obtain any
particular return thereon. Upon the occurrence and during the continuance of an Event of Default, whenever any of the Collateral is in Collateral Agent’s possession, custody or control, Collateral Agent may use, operate and consume the
Collateral, whether for the purpose of preserving and/or protecting the Collateral, or for the purpose of performing any of any Grantor’s obligations with respect thereto, or otherwise in accordance with the Indenture. Collateral Agent may at
any time deliver or redeliver the Collateral or any part thereof to each Grantor, and the receipt of any of the same by such Grantor shall be complete and full acquittance for the Collateral so delivered, and Collateral Agent thereafter shall be
discharged from any liability or responsibility therefor. So long as Collateral Agent exercises reasonable care with respect to any Collateral in its possession, custody or control, Collateral Agent shall

  
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have no liability for any loss of or damage to such Collateral, and in no event shall Collateral Agent have liability for any diminution in value of Collateral occasioned by economic or market
conditions or events. Collateral Agent shall be deemed to have exercised reasonable care within the meaning of the preceding sentence if the Collateral in the possession, custody or control of Collateral Agent is accorded treatment substantially
equal to that which Collateral Agent accords its own property, it being understood that Collateral Agent shall not have any responsibility for: (a) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders
or other matters relating to any Collateral, whether or not Collateral Agent has or is deemed to have knowledge of such matters; or (b) taking any necessary steps to preserve rights against any Person with respect to any Collateral. 

11. Events of Default. There shall be an event of default hereunder upon the occurrence and during the continuance of an Event of
Default. 
 12. Rights Upon Event of Default. Subject to the terms of the General Intercredi-tor Agreement, upon the
occurrence and during the continuance of an Event of Default, Collateral Agent shall have, in any jurisdiction where enforcement hereof is sought, in addition to all other rights and remedies that Collateral Agent and/or Secured Party may have under
applicable Law or in equity or under this Agreement (including, without limitation, all rights set forth in Section 9 hereof) or under any other Notes Document, all rights and remedies of a secured party under the Uniform
Commercial Code as enacted in any jurisdiction, and, in addition, the following rights and remedies, all of which may be exercised with or without notice (except to the extent notice is required to be given pursuant to applicable Law or this
Agreement) to each Grantor and without affecting the obligations of any Grantor hereunder or under any other Notes Document, or the enforceability of the Liens and security interests created hereby: (a) to foreclose the Liens and security
interests created hereunder or under any other agreement relating to any Collateral by any available judicial procedure or without judicial process in accordance with applicable Law; (b) to enter any premises where any Collateral may be located
for the purpose of securing, protecting, inventorying, appraising, inspecting, repairing, preserving, storing, preparing, processing, taking possession of or removing the same; (c) to sell, assign, lease or otherwise dispose of any Collateral
or any part thereof, either at public or private sale or at any broker’s board, in lot or in bulk, for cash, on credit or otherwise, with or without representations or warranties and upon such terms as shall be acceptable to Collateral Agent;
(d) to notify obligors on the Collateral that the Collateral has been assigned to Collateral Agent for the benefit of Secured Party and that all payments thereon are to be made directly and exclusively to Collateral Agent for the benefit of
Secured Party; (e) to notify any Pledged Securities Issuer, and any and all other obligors on any Pledged Collateral, that the same has been pledged to Collateral Agent for the benefit of Secured Party and that all distributions related
thereto, interest and other payments thereon are to be made directly and exclusively to Collateral Agent for the benefit of Secured Party; (f) to collect by legal proceedings or otherwise all dividends, distributions, interest, principal or
other sums now or hereafter payable upon or on account of the Collateral; (g) to cause the Collateral to be registered in the name of Collateral Agent, as legal owner, for the benefit of Secured Party; (h) to enter into any extension,
reorganization, deposit, merger or consolidation agreement, or any other agreement relating to or affecting the Collateral, and in connection therewith Collateral Agent may deposit or surrender control of the Collateral and/or accept other Property
in exchange for the Collateral; (i) to settle, compromise or release, on terms acceptable to Collateral Agent, in whole or in part, any amounts owing on the Collateral and/or any disputes with respect thereto; (j) to extend the time of
payment, make allowances and adjustments and issue credits in connection with the Collateral in the name of Collateral Agent or in the name of any Grantor; (k) to enforce payment and prosecute any action or proceeding with respect to any or all
of the Collateral and take or bring, in the name of Collateral Agent or in the name of each Grantor, any and all steps, actions, suits or proceedings deemed by Collateral Agent necessary or desirable to effect collection of or to realize upon the
Collateral, including any judicial or nonjudicial foreclosure thereof 

  
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or thereon in accordance with applicable Law, and each Grantor specifically consents to any nonjudi-cial foreclosure of any or all of the Collateral or any other action taken by Collateral Agent
which may release any obligor from personal liability on any of the Collateral, and each Grantor waives any right not expressly provided for in this Agreement or required under the NUCC to receive notice of any public or private judicial or
nonjudicial sale or foreclosure of any security or any of the Collateral; and any money or other property received by Collateral Agent in exchange for or on account of the Collateral, whether representing collections or proceeds of Collateral, and
whether resulting from voluntary payments or foreclosure proceedings or other legal action taken by Collateral Agent or any Grantor may be applied by Collateral Agent without notice to each Grantor to the Secured Obligations in such order and manner
as set forth in the Indenture and the General Intercreditor Agreement; (l) to insure, process and preserve the Collateral; (m) to exercise all rights (including voting rights), remedies, powers or privileges provided to Collateral
Agent or Secured Party under any of the Notes Documents; (n) to remove, from any premises where the same may be located, the Collateral and any and all documents, instruments, files and records, and any receptacles and cabinets containing the
same, relating to the Collateral, and Collateral Agent may, at the cost and expense of each Grantor, use such of its supplies, equipment, facilities and space at its places of business as may be necessary or appropriate to properly administer,
process, store, control, prepare for sale or disposition and/or sell or dispose of the portion of the Collateral owned by each Grantor or to properly administer and control the handling of collections and realizations thereon, and Collateral Agent
shall be deemed to have a rent-free tenancy of any premises of each Grantor for such purposes and for such periods of time as reasonably required by Collateral Agent; (o) to receive, open and dispose of all mail addressed to each Grantor and
notify postal authorities to change the address for delivery thereof to such address as Collateral Agent may designate; provided that Collateral Agent agrees that it will promptly deliver over to each Grantor such opened mail as does not
relate to the Collateral; (p) to exercise all other rights, powers, privileges and remedies of an owner of the Collateral; and (q) to perform any obligation of Grantor under this Agreement or any obligation of any other Person under the
Notes Documents should Grantor or such Person fail to perform such obligations; all at Collateral Agent’s option and as Collateral Agent in its sole discretion may deem advisable. Each Grantor will, at Collateral Agent’s request, assemble
the Collateral and make it available to Collateral Agent at places which Collateral Agent may reasonably designate, whether at the premises of each Grantor or elsewhere, and will make available to Collateral Agent, free of cost, all premises,
equipment and facilities of each Grantor for the purpose of Collateral Agent’s taking possession of the Collateral or storing same or removing or putting the Collateral in salable form or selling or disposing of same. 

Upon the occurrence and during the continuance of an Event of Default, Collateral Agent also shall have the right, without notice or
demand (except to the extent notice and demand are required to be given pursuant to applicable Law), either in person, by agent or by a receiver to be appointed by a court (and each Grantor hereby expressly consents upon the occurrence and during
the continuance of an Event of Default to the appointment of such a receiver), and without regard to the adequacy of any security for the Secured Obligations, to take possession of the Collateral or any part thereof and to collect and receive the
rents, issues, profits, income and proceeds thereof. Collateral Agent shall further have the right to use any of the IP Collateral for the sale of goods, completion of work in process or rendering of services in connection with enforcing any of the
security interests granted to Collateral Agent for the benefit of Secured Party by each Grantor. Taking possession of the Collateral shall not cure or waive any Event of Default or notice thereof or invalidate any act done pursuant to such notice.
The rights, remedies and powers of any receiver appointed by a court shall be as ordered by said court. 
 Any public or private
sale or other disposition of the Collateral may be held at any office of Collateral Agent, or at each Grantor’s places of business, or at any other place permitted by 

  
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applicable Law, and without the necessity of the Collateral’s being within the view of prospective purchasers. Collateral Agent may direct the order and manner of sale of the Collateral, or
portions thereof, as it in its discretion may determine, and each Grantor expressly waives any right to direct the order and manner of sale of any Collateral. Secured Party or any Person on Secured Party’s behalf may bid and purchase at any
such sale or other disposition. The net cash proceeds resulting from the collection, liquidation, sale, lease or other disposition of the Collateral shall be applied, first, to the expenses (including reasonable attorneys’ fees and
disbursements) of retaking, holding, storing, processing and preparing for sale or lease, selling, leasing, collecting, liquidating and the like, and then to the satisfaction of the Secured Obligations entitled thereto in accordance with the
Indenture and the General Intercreditor Agreement, and then to the other Persons entitled thereto in accordance with the Indenture and the General Intercreditor Agreement. Each Grantor and any other Person then obligated therefor shall pay to
Collateral Agent on demand any deficiency with regard thereto which may remain after such sale, disposition, collection or liquidation of the Collateral. 
 Unless the Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market, Collateral Agent will send or otherwise make available to each
Grantor, reasonable notice of the time and place of any public sale thereof or of the time on or after which any private sale thereof is to be made. The requirement of sending reasonable notice conclusively shall be met if such notice is mailed,
first class mail, postage prepaid, to each Grantor at its address designated below, at least ten (10) days before the date of the sale. Each Grantor expressly waives any right to receive notice of any public or private sale of any Collateral or
other security for the Secured Obligations except as expressly provided for in this paragraph. 
 With respect to any
Collateral, including the Pledged Collateral, consisting of securities, partnership interests, joint venture interests, Investments or the like, and whether or not any of such Collateral has been effectively registered under the Securities
Act of 1933, as amended, or other applicable Laws, Collateral Agent may, in its sole and absolute discretion, sell all or any part of such Collateral at private sale in such manner and under such circumstances as Collateral Agent may deem necessary
or advisable in order that the sale may be lawfully conducted. Without limiting the foregoing, Collateral Agent may: (i) approach and negotiate with a limited number of potential purchasers; and (ii) restrict the prospective bidders or
purchasers to persons who will represent and agree that they are purchasing such Collateral for their own account for investment and not with a view to the distribution or resale thereof. In the event that any such Collateral is sold at private
sale, each Grantor agrees that if such Collateral is sold for a price which Collateral Agent in good faith believes to be reasonable under the circumstances then existing, then (a) the sale shall be deemed to be commercially reasonable in all
respects, and (b) Collateral Agent and Secured Party shall not incur any liability or responsibility to any Grantor in connection therewith, notwithstanding the possibility that a substantially higher price might have been realized at a public
sale. Each Grantor recognizes that a ready market may not exist for such Collateral if it is not regularly traded on a recognized securities exchange, and that a sale by Collateral Agent of any such Collateral for an amount substantially less than a
pro rata share of the fair market value of the issuer’s assets minus liabilities may be commercially reasonable in view of the difficulties that may be encountered in attempting to sell a large amount of such Collateral or Collateral that is
privately traded. 
 Upon the occurrence and during the continuance of an Event of Default, Collateral Agent may for the benefit
of Secured Party use any of the Trademarks for the sale of goods, completion of work in process, or rendering of services in connection with enforcing any security interest granted by each Grantor to Collateral Agent for the benefit of Secured
Party. Collateral Agent may grant such license or licenses relating to the Trademark Collateral for such term or terms, on such conditions and in such manner, as Collateral Agent shall, in its sole discretion, deem appropriate. Such

  
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license or licenses may be general, special, or otherwise, and may be granted on an exclusive or non-exclusive basis throughout all or part of the United States of America, its territories and
possessions, and all foreign countries. In connection with any such license or any sale or other disposition of the Trademark Collateral (or any part thereof), each Grantor shall supply to Collateral Agent, or Collateral Agent’s designee, such
Grantor’s knowledge and expertise relating to the manufacture and sale of the products and services bearing the Trademarks and Grantor’s customer lists and other records relating to the Trademarks and the distribution thereof. 

Upon consummation of any sale of Collateral hereunder, Collateral Agent shall have the right to assign, transfer and deliver to the
purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any such sale shall hold the Collateral so sold absolutely free from any claim or right upon the part of each Grantor or any other Person, and each Grantor hereby waives
(to the extent permitted by applicable Laws) all rights of redemption, stay and appraisal which it now has or may at any time in the future have under any rule of Law or statute now existing or hereafter enacted. If the sale of all or any part of
the Collateral is made on credit or for future delivery, Collateral Agent shall not be required to apply any portion of the sale price to the Secured Obligations until such amount actually is received by Collateral Agent, and any Collateral so sold
may be retained by Collateral Agent, subject to the terms of the Indenture and the General Intercreditor Agreement, until the sale price is paid in full by the purchaser or purchasers thereof. Collateral Agent shall not incur any liability in case
any such purchaser or purchasers shall fail to pay for the Collateral so sold, and, in case of any such failure, the Collateral may be sold again. 
 13. Voting Rights; Dividends; etc. With respect to any Collateral consisting of securities, partnership interests, joint venture interests, Investments or the like, including any Pledged
Collateral (referred to collectively and individually in this Section 13 and in Section 14 as the “Investment Collateral”), so long as no Event of Default occurs and remains continuing and Collateral Agent
has not elected to exercise its rights hereunder: 
 13.1 Voting Rights. Each Grantor shall be entitled to exercise any
and all voting and other consensual rights pertaining to the Investment Collateral, or any part thereof, for any purpose not inconsistent with the terms of this Agreement, the Indenture, or any of the other Notes Documents; provided,
however, that each Grantor shall not exercise, or shall refrain from exercising, any such right if it could reasonably be expected to result in a Default or an Event of Default. 

13.2 Interest Dividend and Distribution Rights. Except as otherwise provided in any Notes Document, each Grantor shall be entitled
to receive and to retain and use any and all interest and distributions paid in respect of the Investment Collateral; provided, however, that, any and all such interest and such distributions received in the form of capital stock, or
other Equity Interests, certificated securities, warrants, options or rights to acquire any Equity Interests forthwith shall be, and the certificates representing such Equity Interests, if any, forthwith shall be delivered to Collateral Agent for
the benefit of Secured Party to hold as Pledged Collateral and shall, if received by each Grantor, be received in trust for the benefit of Secured Party, be segregated from the other Property of each Grantor, and forthwith be delivered to Collateral
Agent as Pledged Collateral in the same form as so received (with any necessary endorsements in suitable form for transfer by delivery or accompanied by executed and undated instruments of transfer or assignment in blank, all in form and substance
satisfactory to Collateral Agent). 
 14. Rights During Event of Default. With respect to any Investment Collateral, so
long as an Event of Default has occurred and is continuing: 

  
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 14.1 Voting, Dividend, and Distribution Rights. Upon the election of Collateral
Agent, all rights of each Grantor to exercise the voting and other consensual rights which each Grantor would otherwise be entitled to exercise pursuant to Section 13.1 above, and to receive the interest and distributions which each
Grantor would otherwise be authorized to receive and retain pursuant to Section 13.2 above, shall cease, and all such rights thereupon shall become vested in Collateral Agent for the benefit of Secured Party which thereupon shall have
the sole right to exercise such voting and other consensual rights and to receive and to hold as Pledged Collateral such interest and distributions. 
 14.2 Dividends and Distributions Held in Trust. All distributions which are received by each Grantor contrary to the provisions of this Agreement shall be received in trust for the benefit of
Secured Party, and at the option of Collateral Agent, shall be segregated from other funds of each Grantor, and forthwith shall be paid over to Collateral Agent (or to the Applicable Collateral Agent pursuant to the terms of the General
Intercreditor Agreement) as Pledged Collateral in the same form as so received (with any necessary endorsements). 
 14.3
Irrevocable Proxy. Each Grantor does hereby revoke all previous proxies with regard to the Investment Collateral (other than proxies granted to the Credit Agreement Collateral Agent or any other Collateral Agents party to the General
Intercreditor Agreement and appoints Collateral Agent for the benefit of Secured Party as its proxyholder to attend and vote at any and all meetings of the shareholders or other equity holders of the Persons that issued the Investment Collateral and
any adjournments thereof, held on or after the date of the giving of this proxy and prior to the termination of this proxy, and to execute any and all written consents of shareholders or other equity holders of such Persons executed on or after the
date of the giving of this proxy and prior to the termination of this proxy, with the same effect as if each Grantor had personally attended the meetings or had personally voted its shares or other interests or had personally signed the written
consents; provided, however, that this proxy shall be effective only upon the occurrence and during the continuance of an Event of Default and the election of Collateral Agent. Each Grantor hereby authorizes Collateral Agent to
substitute another Person as the proxyholder and, upon the occurrence and during the continuance of any Event of Default and the election of Collateral Agent, hereby authorizes the proxyholder to file this proxy and any substitution instrument with
the secretary or other appropriate official of the appropriate Person. This proxy is coupled with an interest and is irrevocable until the Discharge of all of the Secured Obligations has occurred. 

15. Attorney-in-Fact. Each Grantor hereby irrevocably nominates and appoints Collateral Agent as its attorney-in-fact for the
benefit of Secured Party for the following purposes: (a) to do all acts and things which Collateral Agent may deem necessary or advisable to perfect and continue perfected the security interests created by this Agreement and, upon the
occurrence and during the continuance of an Event of Default, to preserve, process, develop, maintain and protect the Collateral; (b) upon the occurrence and during the continuance of an Event of Default, to do any and every act which each
Grantor is obligated to do under this Agreement, at the expense of each Grantor and without any obligation to do so; (c) to prepare, sign, file and/or record, for each Grantor, in the name of any Grantor, any financing statement, application
for registration, or like paper, and to take any other action deemed by Collateral Agent necessary or desirable in order to perfect or maintain perfected the security interests granted hereby; (d) upon the occurrence and during the continuance
of an Event of Default, to execute any and all papers and instruments and do all other things necessary or desirable to preserve and protect the Collateral and to protect Collateral Agent’s security interests therein; and (e) upon the
occurrence and during the continuance of an Event of Default, to endorse and transfer the Pledged Collateral to any transferee or designee; provided, however, that Collateral Agent shall be under no obligation whatsoever to take any of
the foregoing actions, and if Collateral Agent so acts, it shall have no liability or responsibility for any such action taken with respect thereto absent gross negligence, 

  
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bad faith or willful misconduct. The foregoing power of attorney is coupled with an interest and is irrevocable. 
 16. Costs and Expenses. Each Grantor agrees to pay to Collateral Agent all costs and expenses (including, without limitation, reasonable attorneys’ fees and disbursements) incurred by
Collateral Agent in the enforcement or attempted enforcement of this Agreement (including in connection with any workout, restructuring, bankruptcy, insolvency or other similar proceeding), whether or not an action is filed in connection
therewith, and in connection with any waiver, supplementation, extension, renewal or amendment of any term or provision hereof. All advances, charges, costs and expenses, including reasonable attorneys’ fees and disbursements, incurred
or paid by Collateral Agent in exercising any right, privilege, power or remedy conferred by this Agreement (including, without limitation, the right to perform any Secured Obligation of each Grantor under the Notes Documents), or in the
enforcement or attempted enforcement thereof (including in connection with any workout, restructuring, bankruptcy, insolvency or other similar proceeding), shall be secured hereby and shall become a part of the Secured Obligations and shall
be paid to Collateral Agent by each Grantor, immediately upon demand, together with interest thereon at the rate(s) provided for under the Indenture. 
 17. Statute of Limitations and Other Laws. Until the Discharge of all Secured Obligations shall have been occurred, the power of sale and all other rights, privileges, powers and remedies granted
to Collateral Agent hereunder shall continue to exist and may be exercised by Collateral Agent for the benefit of Secured Party at any time and from time to time irrespective of the fact that any of the Secured Obligations may have become barred by
any statute of limitations. Each Grantor expressly waives the benefit of any and all statutes of limitation, and any and all Laws providing for exemption of property from execution or for valuation and appraisal upon foreclosure, to the maximum
extent permitted by applicable Law. 
 18. Other Agreements and General Intercreditor Agreement. Nothing herein shall in
any way modify or limit the effect of terms or conditions set forth in any other security or other agreement executed by each Grantor or in connection with the Secured Obligations, including the General Intercreditor Agreement, but each and every
term and condition hereof shall be in addition thereto. All provisions contained in the Indenture or any other Notes Document that apply to Notes Documents generally are fully applicable to this Agreement and are incorporated herein by this
reference as though set forth herein in full. Notwithstanding anything herein to the contrary, the Lien and security interest granted to the Collateral Agent pursuant to this Agreement and the exercise of any right or remedy by the Collateral Agent
hereunder are subject to the provisions of the General Inter-creditor Agreement. In the event of any conflict between this Agreement and the General Intercreditor Agreement, the provisions of the General Intercreditor Agreement shall govern and
control. Notwithstanding anything herein to the contrary, so long as the General Interecreditor Agreement is in effect, any requirement of this Agreement to deliver Collateral or grant control over Collateral (to the extent only one person can have
control thereof) to the Collateral Agent shall be deemed satisfied by delivery of or granting control over such Collateral to the Applicable Collateral Agent. 
 19. Continuing Effect. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against each Grantor for liquidation or reorganization,
should any Grantor become insolvent or make an assignment for the benefit of creditors or should a receiver or trustee be appointed for all or any significant part of each Grantor’s assets, and shall continue to be effective or be reinstated,
as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof, is, pursuant to applicable Law, rescinded or reduced in amount, or must otherwise be restored or returned by Secured Party, whether as a
“voidable preference,” “fraudulent conveyance,” or otherwise (and whether by litigation, settlement, demand or 

  
 - 18 -

 
otherwise), all as though such payment or performance had not been made. In the event that any payment or any part thereof is rescinded, reduced, restored or returned, the Secured Obligations
shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned. 
 20.
Covenant Not to Issue Certificated Securities. Each Grantor represents and warrants to Secured Party that all of the membership interests and member’s interests in the Pledged Securities Issuers are in uncertificated form (as
contemplated by Article 8 of the NUCC), and covenants to Secured Party that it will not cause the Pledged Securities Issuers to issue any membership interests or member’s interests in certificated form or seek to convert all or any part of its
existing membership or member’s interests in the Pledged Securities Issuers into certificated form (as contemplated by Article 8 of the NUCC). The foregoing representations, warranties and covenants shall survive the execution and delivery of
this Agreement. 
 21. Covenant Not to Dilute Interests of Secured Party in Pledged Securities. Each Grantor represents,
warrants and covenants to Secured Party that it will not at any time cause or permit any Pledged Securities Issuer to issue any additional Equity Interests, or any warrants, options or other rights to acquire any additional Equity Interests, if the
effect thereof would be to dilute in any way the interests of Collateral Agent for the benefit of Secured Party in any Pledged Securities or in any Pledged Securities Issuer. 
 22. Additional Grantors. From time to time following the Issue Date, additional Subsidiaries of the Issuers may become parties hereto, as additional Grantors, by executing and delivering to
Collateral Agent an Instrument of Joinder substantially in the form of Exhibit A hereto, accompanied by such documentation in form and substance as shall be necessary to perfect, when filed and/or recorded, Collateral Agent’s security
interest in the assets of such additional Grantor comprising Collateral, and accompanied by any other documentation as Collateral Agent may reasonably require in connection therewith, wherein such additional Grantors agree to become a party hereto
and to be bound hereby. Upon delivery of such Instrument of Joinder to and acceptance thereof by the Secured Party, notice of which acceptance is hereby waived by Grantors, each such additional Grantor shall be as fully a party hereto as if such
Grantor were an original signatory hereof. Each Grantor expressly agrees that its obligations and the Liens upon its Property granted herein shall not be affected or diminished by the addition or release of additional Grantors hereunder. This
Agreement shall be fully effective as to any Grantor who is or becomes a party hereto regardless of whether any other Person becomes or fails to become or ceases to be a Grantor hereunder. 

23. Release of Grantors. This Agreement and all obligations of each Grantor hereunder shall be released by Collateral Agent in
accordance with the terms of the Indenture and at such time Collateral Agent shall return any Pledged Collateral to each Grantor, or to the Person or Persons legally entitled thereto, and shall endorse, execute, deliver, record and file all
instruments and documents, and do all other acts and things, reasonably required for the return of the Collateral to each Grantor, or to the Person or Persons legally entitled thereto, and to evidence or document the release of Collateral
Agent’s interests for the benefit of Secured Party arising under this Agreement, all as reasonably requested by, and at the sole expense of, each Grantor. 
 24. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which, taken together, shall constitute one and the same
agreement. 

  
 - 19 -

 25. Additional Powers and Authorization. Collateral Agent has been appointed as
Collateral Agent hereunder pursuant to the Indenture and shall be entitled to the benefits of the Notes Documents. Notwithstanding anything contained herein to the contrary, Collateral Agent may employ agents, trustees, or attorneys-in-fact and may
vest any of them with any Property (including, without limitation, any Collateral pledged hereunder), title, right or power deemed necessary for the purposes of such appointment. 

26. Governing Law; Jurisdiction; Etc. 
 26.1 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEVADA. 
 26.2 SUBMISSION TO JURISDICTION. EACH GRANTOR IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEX-CLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEVADA SITTING IN
CLARK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE DISTRICT OF NEVADA, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER NOTES DOCUMENT, OR FOR RECOGNITION OR
ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEVADA STATE COURT OR, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED
BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER NOTES DOCUMENT SHALL AFFECT ANY RIGHT THAT COLLATERAL AGENT OR ANY SECURED PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER NOTES DOCUMENT AGAINST
EACH GRANTOR OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 
 26.3 WAIVER OF VENUE. EACH GRANTOR IRREVOCABLY AND
UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER NOTES DOCUMENT IN
ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR
PROCEEDING IN ANY SUCH COURT. 
 26.4 SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN
THE MANNER PROVIDED FOR NOTICES HEREIN. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 
 27. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY
OR 

  
 - 20 -

 
INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE NOTESS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER NOTES DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 28. Notices. All notices, requests and other communications hereunder shall be made in the manner set forth in Section 12.01 of the Indenture. 

29. Gaming Approvals. Secured Party acknowledges that the Pledged Securities may include stock or membership interests in Persons
which may currently have or may hereafter obtain a Gaming Approval from a Gaming Board and that in the event a Gaming Approval is held or obtained by a Pledged Securities Issuer then (a) the pledge of any such Pledged Securities is not
effective without the prior approval of the Nevada Gaming Commission, (b) any Certificates with respect to such Pledged Securities Issuer which are part of the Pledged Securities may be required to be maintained at all times by Collateral Agent
at a location in the State of Nevada and (c) foreclosure, transfer or other enforcement of the security interest on any such Pledged Securities may require Gaming Approvals from the certain Gaming Boards. Secured Party agrees that Collateral
Agent shall be entitled to reasonably cooperate with any Gaming Board to facilitate Issuers’ or any of their Subsidiaries obtaining Gaming Approvals to facilitate the operation of CityCenter and Collateral Agent shall be permitted, in its
discretion, to release any Pledged Securities that a Gaming Board requires be released from the lien created pursuant to this Agreement in order for Issuers or their Subsidiaries to obtain a Gaming Approval to facilitate the operation of CityCenter.
In the event any such Pledged Collateral is released from the lien hereof, each Grantor agrees that it will thereafter diligently pursue obtaining all necessary Gaming Approvals of Gaming Boards to pledge any Pledged Collateral which was so
released. 
 30. Consent to Pledged Securities Issuers’ Agreement. Each Grantor hereby consents to the covenants and
agreements of the Pledged Securities Issuers set forth in Section 31. 
 31. Acknowledgement and Agreement of the
Pledged Securities Issuers. 
 31.1 Grantor’s Agreements. Each Pledged Securities Issuer acknowledges and
consents to the Grantors’ agreements set forth in the foregoing provisions of this Agreement. 
 31.2 Membership
Interests. Each Pledged Securities Issuer agrees not to (i) issue any membership interests, member’s interests or other equity interest in certificated form or (ii) convert all or any part of any existing membership interests or
member’s interests of such Pledged Securities Issuer into certificated form (as contemplated by Article 8 of the NUCC). 

31.3 Collateral Agent Orders. Each Pledged Securities Issuer agrees that it will comply with any and all orders originated by
Collateral Agent with respect to the Pledged Securities, including, without limitation, orders from Collateral Agent to make Collateral Agent or any purchaser or transferee, the registered holder or registered owner of the Pledged Securities, in
each case without further consent by each Grantor or any other Person. 

  
 - 21 -

 32. Rights and Duties of Collateral Agent. Notwithstanding anything to the contrary
herein, the following provisions shall govern Collateral Agent’s rights, powers, obligations and duties under this Agreement (for purposes of this Section 32 only, the term “Collateral” shall be deemed to include all
“Mortgaged Property” as defined herein): 
 (i) Collateral Agent shall have no duty to act, consent or
request any action of the Grantors or any other Person in connection with this Agreement (including all schedules and exhibits attached hereto) unless Collateral Agent shall have received written direction from the Trustee or the requisite
percentage of Holders. 
 (ii) Collateral Agent shall apply the net proceeds of any action taken by it pursuant
to this Agreement, after deducting all reasonable and documented out-of-pocket costs and expenses of every kind incurred in connection therewith or incidental to the care or safekeeping of any of the Collateral or in any way relating to the
Collateral or the rights of Collateral Agent, the Holders or the Trustee hereunder, including, without limitation, reasonable attorneys’ fees and disbursements, to the payment in whole or in part of the Secured Obligations, in the order set
forth in the General Inter-creditor Agreement and the Indenture, and only after such application and after the payment by Collateral Agent of any other amount required by any provision of law, including, without limitation, Section 9-615(a) of
the New York UCC, need Collateral Agent account for the surplus, if any, to any Grantor. To the extent permitted by applicable law, each Grantor waives all claims, damages and demands it may acquire against Collateral Agent, the Holders or the
Trustee arising out of the exercise by them of any rights hereunder. For the avoidance of doubt, all rights and remedies of Collateral Agent, the Holders or the Trustee pursuant to this Agreement shall be subject to the General Intercreditor
Agreement if then in effect. 
 (iii) Neither any Secured Party nor any of its officers, directors, employees or
agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of any Grantor or any other
Person (other than the Trustee, subject to clause (xii) below) or to take any other action whatsoever with regard to the Collateral or any part thereof, except to the extent of any such Person’s gross negligence, bad faith or willful
misconduct (and other than upon the written direction of the Trustee, subject to clause (xii) below). The powers conferred on Collateral Agent hereunder are solely to protect Secured Party’s interests in the Collateral and shall not impose
any duty upon Collateral Agent to exercise any such powers. Collateral Agent shall be accountable only for amounts that they actually receive as a result of the exercise of such powers, and neither they nor any of their officers, directors,
employees or agents shall be responsible to any Grantor for any act or failure to act hereunder, except for their own gross negligence, bad faith or willful misconduct. 

(iv) Each of the Holders and the Trustee hereby designates and appoints U.S. Bank National Association to act as
Collateral Agent under this Agreement and the other Notes Documents to which it is a party, and hereby authorizes Collateral Agent to take such actions on its behalf under the provisions of this Agreement and such other Notes Documents and to
exercise such powers and perform such duties as are expressly delegated to Collateral Agent by the terms of this Agreement and such other Notes Documents and U.S. Bank National Association accepts such appointment.

  
 - 22 -

 
Notwithstanding any provision to the contrary elsewhere in this Agreement or any other Notes Documents, Collateral Agent shall not have any duties or responsibilities, except those expressly set
forth in this Agreement or such other Notes Documents and no implied covenants, functions or responsibilities shall be read into this Agreement or otherwise exist against Collateral Agent. 

(v) Collateral Agent shall not be deemed to be in a relationship of trust or confidence with the Credit Agreement
Collateral Agent, any Secured Party, or any other Person (including any beneficiary under the General Intercreditor Agreement) by reason of this Agreement, and shall not owe any fiduciary, trust or other special duties to the Credit Agreement
Collateral Agent, any Secured Party, or any other Person (including any beneficiary under the General Intercreditor Agreement) by reason of this Agreement. The parties hereto acknowledge that Collateral Agent’s duties do not include any
discretionary authority, determination, control or responsibility with respect to any Notes Documents or any Collateral, notwithstanding any rights or discretion that may be granted to Collateral Agent in such Notes Documents. The provisions of this
Agreement, including, without limitation those provisions relating to the rights, duties, powers, privileges, protections and indemnification of Collateral Agent shall apply with respect to any actions taken or not taken by Collateral Agent under
any Notes Documents. 
 (vi) Notwithstanding anything herein to the contrary, in no event shall Collateral Agent
have any obligation to inquire or investigate as to the correctness, veracity, or content of any instruction received from any party to this Agreement or any other Notes Documents. In no event shall Collateral Agent have any liability in respect of
any such instruction received by it and relied on with respect to any action or omission taken pursuant thereto. 

(vii) Neither Collateral Agent nor any of its experts, officers, directors, employees, agents, attorneys-in-fact or
affiliates shall be (a) liable for any action lawfully taken or omitted to be taken by it under or in connection with this Agreement or any of the Notes Documents (except for its gross negligence, bad faith or willful misconduct), or
(b) responsible in any manner for any recitals, statements, representations or warranties (other than its own recitals, statements, representations or warranties) made in this Agreement or any of the other Notes Documents or in any certificate,
report, statement or other document referred to or provided for in, or received by Collateral Agent under or in connection with, this Agreement or any of the Notes Documents or for the value, validity, effectiveness, genuineness, enforceability or
sufficiency of this Agreement or any of the Notes Documents or for any failure of the Grantors or any other Person to perform their obligations hereunder and thereunder. Collateral Agent shall not be under any obligation to any Person to ascertain
or to inquire as to (a) the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any of the Notes Documents or to inspect the properties, books or records of the Grantors, (b) whether or not
any representation or warranty made by any Person in connection with this Agreement or any Notes Documents is true, (c) the performance by any Person of its obligations under this Agreement or any of the Notes Documents or (d) the breach
of or default by any Person of its obligations under this Agreement or any of the Notes Documents. 

  
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 (viii) Collateral Agent shall be authorized to but shall not be responsible
for filing any financing or continuation statements or recording any documents or instruments in any public office at any time or times or otherwise perfecting or monitoring or maintaining the perfection of any security interest in the Collateral.
Each Grantor authorizes Collateral Agent to use the collateral description “all personal property of debtor” or “all assets of the debtor, whether now existing or hereafter acquired” or words of similar effect in any such
financing statements. 
 (ix) Collateral Agent shall not be liable or responsible for any loss or diminution in
the value of any of the Collateral, by reason of the act or omission of any carrier, forwarding agency or other agent or bailee selected by Collateral Agent in good faith, except to the extent of Collateral Agent’s gross negligence or willful
misconduct. 
 (x) Collateral Agent shall not be responsible for, nor incur any liability with respect to,
(a) the existence, genuineness or value of any of the Collateral or for the validity, perfection, priority or enforceability of the security interest in any of the Collateral, whether impaired by operation of law or by reason of any action or
omission to act on its part under this Agreement or any of the other Notes Documents, except to the extent such action or omission constitutes gross negligence, bad faith or willful misconduct on the part of Collateral Agent, (b) the validity
or sufficiency of the Collateral or any agreement or assignment contained therein, (c) the validity of the title of the Grantors to the Collateral, (d) insuring the Collateral or (e) the payment of taxes, charges or assessments upon
the Collateral or otherwise as to the maintenance of the Collateral. 
 (xi) Notwithstanding anything in this
Agreement or any of the Notes Documents to the contrary, (a) in no event shall Collateral Agent or any officer, director, employee, representative or agent of Collateral Agent be liable under or in connection with this Agreement or any of the
Notes Documents for indirect, special, incidental, punitive or consequential losses or damages of any kind whatsoever, including but not limited to lost profits or loss of opportunity, whether or not foreseeable, even if Collateral Agent has been
advised of the possibility thereof and regardless of the form of action in which such damages are sought; and (b) Collateral Agent shall be afforded all of the rights, powers, immunities and indemnities set forth in this Agreement and in all of
the other Notes Documents to which it is a signatory as if such rights, powers, immunities and indemnities were specifically set out in each such Notes Documents. In no event shall Collateral Agent be obligated to invest any amounts received by it
hereunder. 
 (xii) Collateral Agent shall be entitled conclusively to rely, and shall be fully protected in
relying, upon any note, writing, resolution, request, direction, certificate, notice, consent, affidavit, letter, cablegram, telegram, telecopy, email, telex or teletype message, statement, order or other document or conversation believed by it in
good faith to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and/or upon advice and/or statements of legal counsel, independent accountants and other experts selected by Collateral Agent and need not
investigate any fact or matter stated in any such document. Any such statement of legal counsel shall be full and complete authorization and protection in respect of any action taken or suffered by it hereunder in accordance therewith. Collateral
Agent shall be fully 

  
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justified in failing or refusing to take any action under this Agreement or any of the other Notes Documents (a) if such action would, in the reasonable opinion of Collateral Agent (which
may be based on the opinion of legal counsel), be contrary to applicable law or any of the Notes Documents, (b) if such action is not provided for in this Agreement or any of the other Notes Documents, (c) if, in connection with the taking
of any such action hereunder or under any of the Notes Documents that would constitute an exercise of remedies hereunder or under any of the Notes Documents it shall not first be indemnified to its satisfaction by the Holders against any and all
risk of nonpayment, liability and expense that may be incurred by it, its agents or its counsel by reason of taking or continuing to take any such action, or (d) if, notwithstanding anything to the contrary contained in this Agreement, in
connection with the taking of any such action that would constitute a payment due under any agreement or document, it shall not first have received from the Holders or the Grantors funds equal to the amount payable. Collateral Agent shall in all
cases be fully protected in acting, or in refraining from acting, under this Agreement or any of the other Notes Documents in accordance with a request of the requisite percentage of Holders, and such request and any action taken or failure to act
pursuant thereto shall be binding upon all the other Holders and the Trustee. 
 (xiii) Collateral Agent shall
not be deemed to have actual, constructive, direct or indirect knowledge or notice of the occurrence of any Default unless and until Collateral Agent has received a written notice or a certificate from the Grantors stating that a Default has
occurred. Collateral Agent shall have no obligation whatsoever either prior to or after receiving such notice or certificate to inquire whether a Default has in fact occurred and shall be entitled to rely conclusively, and shall be fully protected
in so relying, on any notice or certificate so furnished to it. No provision of this Agreement, the General Intercreditor Agreement or any of the Notes Documents shall require the Collateral Agent to expend or risk its own funds or otherwise incur
any financial liability in the performance of any of its duties under this Agreement, the General Intercreditor Agreement or any of the other Notes Documents. Collateral Agent may decline to act unless it receives indemnity satisfactory to it in its
sole discretion, including, if applicable, an advance of moneys necessary to take the action requested. Collateral Agent shall be under no obligation or duty to take any action under this Agreement or any of the other Notes Documents or otherwise if
taking such action (a) would subject Collateral Agent to a tax in any jurisdiction where it is not then subject to a tax or (b) would require Collateral Agent to qualify to do business in any jurisdiction where it is not then so qualified.

 (xiv) Each Grantor agrees to pay or reimburse each Collateral Agent for all its costs and expenses incurred in
enforcing or preserving any rights under this Agreement and the other Notes Documents to which such Grantor is a party, including, without limitation, the fees and disbursements of counsel (including the allocated fees and expenses of in-house
counsel) to Collateral Agent in each case, in accordance with the terms of the Indenture. 
 (xv) Each Grantor
agrees to pay, and to save Collateral Agent harmless from, any and all liabilities with respect to, or resulting from any delay in paying, any and all stamp, excise, sales or other taxes which may be payable or determined to be payable with respect
to any of the Collateral or in connection with any of the transactions contemplated by this Agreement or any other Notes Document. 

  
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 (xvi) Each Grantor agrees to pay, and to hold Collateral Agent, and its
officers, directors, employees and agents harmless from, any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution,
delivery, enforcement, performance and administration of this Agreement or any other Notes Document to the extent the Company would be required to do so pursuant to the Indenture. 

(xvii) The agreements in this Section 32 shall survive repayment of the Secured Obligations, all other amounts
payable under the Notes Documents and the resignation or removal of Collateral Agent. 
 (xviii) The rights,
privileges, protections immunities and indemnities contained in the Indenture in favor of the Trustee shall apply to Collateral Agent’s acceptance and administration of the Indenture and the other Notes Documents to which Collateral Agent is a
party and shall be deemed to be incorporated by reference herein, except that any references to negligence as they relate to the Trustee shall be deemed to mean gross negligence as they relate to Collateral Agent. 

[The balance of this page is intentionally left blank.] 

  
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 IN WITNESS WHEREOF, each Grantor hereby certifies that this Agreement is true and correct,
that each Grantor’s execution of this Agreement as of the date first written above is duly authorized, signed and sealed (if applicable) on behalf of such Grantor, and that the execution of this Agreement was the free act and deed of each
Grantor. 
  

					
	GRANTORS:
	
	 CITYCENTER HOLDINGS, LLC,

a Delaware limited liability company

		
	By:	 	 /s/ William M. Scott IV

		 	Name:	 	William M. Scott IV
		 	Title:	 	Authorized Representative

  

					
	 CITYCENTER FINANCE CORP.,

a Delaware corporation

		
	By:	 	 /s/ William M. Scott IV

		 	Name:	 	William M. Scott IV
		 	Title:	 	Vice President

 [The remainder of this page is intentionally left blank. Signatures continue on the following page.]

 [SIGNATURE PAGE TO SECOND LIEN SECURITY AGREEMENT] 

 
	
	 CITYCENTER BOUTIQUE HOTEL HOLDINGS, LLC,
 a Nevada limited liability company

	
	 CITYCENTER BOUTIQUE RESIDENTIAL 
 DEVELOPMENT, LLC,
 a Nevada limited liability company

	
	 CITYCENTER HARMON HOTEL HOLDINGS, LLC,
 a Nevada limited liability company

	
	 ARIA RESORT & CASINO HOLDINGS, LLC,
 a Nevada limited liability company

	
	 CITYCENTER VDARA DEVELOPMENT, LLC,
 a Nevada limited liability company

	
	 CITYCENTER VDARA CONDO HOTEL HOLDINGS, LLC,
 a Nevada limited liability company

	
	 CITYCENTER VEER TOWERS DEVELOPMENT, LLC,
 a Nevada limited liability company

	
	 THE CRYSTALS AT CITYCENTER, LLC,
 a Nevada limited liability company

	
	 CITYCENTER LAND, LLC,
 a
Nevada limited liability company

	
	 VDARA LAND, LLC,
 a
Nevada limited liability company

	
	 CITYCENTER HARMON DEVELOPMENT, LLC,
 a Nevada limited liability company

	
	 Each of the foregoing by William M. Scott IV, its Authorized Representative

  

					
	By:	 	 /s/ William M. Scott IV

		 	Name:	 	William M. Scott IV
		 	Title:	 	Authorized Representative

 [The remainder of this page is intentionally left blank. Signatures continue on the following page.]

 [SIGNATURE PAGE TO SECOND LIEN SECURITY AGREEMENT] 

 
	
	 Address for notices for each Grantor:

	
	 c/o MGM Resorts International

	 3600 Las Vegas Boulevard South

	 Las Vegas, Nevada 89109

	 Attention: General Counsel

	 Facsimile: (702) 693-7628

  

									
	 STATE OF CALIFORNIA
	  	 	)	  	  		  	
		  	 	)	  	  	ss	  	
	 COUNTY OF LOS ANGELES
	  	 	)	  	  		  	

 On January 19, 2011, before me, Elke Mapes, Notary Public (insert name and title of the officer),
personally appeared William M. Scott IV, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity(ies), and
that by his signature(s) on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. 
 I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. 
 WITNESS my hand and official seal. 
  

							
	Signature	 	
/s/ Elke Mapes            
	 	(Seal)	  	
		 		 		  	[NOTARY SEAL AFFIXED]

 [SIGNATURE PAGE TO SECOND LIEN SECURITY AGREEMENT] 

 IN WITNESS WHEREOF, Collateral Agent hereby certifies that this Agreement is true and
correct, that Collateral Agent’s acknowledgment and agreement to this Agreement as of the date first written above is duly authorized, signed and sealed (if applicable) on behalf of Collateral Agent, and that the acknowledgement and agreement
to this Agreement were the free acts and deeds of Collateral Agent. 
  

					
	COLLATERAL AGENT:
	
	 U.S. BANK NATIONAL ASSOCIATION,
 as Collateral Agent

		
	By:	 	 /s/ Raymond S. Haverstock

		 	Name:	 	Raymond S. Haverstock
		 	Title:	 	Vice President
	
	Address for notices:
	
	U.S. Bank National Association, as Collateral Agent
	Corporate Trust Services
	EP-MN-WS3C
	60 Livingston Avenue
	St. Paul, Minnesota 55107-1419
	Attention: Raymond S. Haverstock
	Telephone: (651) 495-3909
	Facsimile: (651) 495-8097

  

					
	STATE OF MINNESOTA	  	)	 	
		  	)	 	ss
	COUNTY OF RAMSEY	  	)	 	

 This instrument was acknowledged before me on January 20, 2011 by Raymond S. Haverstock, as Vice
President of U.S. Bank National Association, a national banking association, as Collateral Agent. 
  

			
	 /s/ Denise R. Landeen

	(Signature of Notarial Officer)
		
	My commission expires:	 	01/31/2012
	
	[NOTARY SEAL AFFIXED]

 [SIGNATURE PAGE TO SECOND LIEN SECURITY AGREEMENT] 

 IN WITNESS WHEREOF, each Pledged Securities Issuer hereby certifies that this Agreement is
true and correct, that Issuer’s acknowledgment and agreement to this Agreement as of the date first written above is duly authorized, signed and sealed (if applicable) on behalf of each Pledged Securities Issuer, and that the acknowledgement
and agreement to this Agreement were the free acts and deeds of each Pledged Securities Issuer. 
  

	
	PLEDGED SECURITIES ISSUERS:
	
	CITYCENTER LAND, LLC, a Nevada limited liability company

  

					
	By:	 	 /s/ William M. Scott IV

		 	Name:	 	William M. Scott IV
		 	Title:	 	Authorized Representative

  

	
	CITYCENTER FINANCE CORP., a Delaware corporation

  

					
	By:	 	 /s/ William M. Scott IV

		 	Name:	 	William M. Scott IV
		 	Title:	 	Vice President

  

	
	 CITYCENTER VDARA DEVELOPMENT, LLC,
 a Nevada limited liability company

	
	CITYCENTER VEER TOWERS DEVELOPMENT, LLC, a Nevada limited liability company
	
	CITYCENTER HARMON DEVELOPMENT, LLC, a Nevada limited liability company
	
	CITYCENTER BOUTIQUE RESIDENTIAL DEVELOPMENT, LLC, a Nevada limited liability company
	
	ARIA RESORT & CASINO HOLDINGS, LLC
	(fka Aria Hotel & Casino Holdings, LLC), a Nevada limited liability company
	
	THE CRYSTALS AT CITYCENTER, LLC, a Nevada limited liability company
	
	CITYCENTER HARMON HOTEL HOLDINGS, LLC, a Nevada limited liability company
	
	CITYCENTER BOUTIQUE HOTEL HOLDINGS, LLC, a Nevada limited liability company

 [SIGNATURE PAGE TO SECOND LIEN SECURITY AGREEMENT] 

 
							
		 	VDARA LAND, LLC, a Nevada limited liability company
		
		 	CITYCENTER VDARA CONDO HOTEL HOLDINGS, LLC, a Nevada limited liability company
	
	Each of the foregoing by William M. Scott IV, its Authorized Representative
			
		 	By:	 	 /s/ William M. Scott IV

		 		 	Name:	 	William M. Scott IV
		 		 	Title:	 	Authorized Representative
		
		 	Address for notices:
		
		 	c/o MGM Resorts International
		 	3600 Las Vegas Boulevard South
		 	Las Vegas, Nevada 9109
		 	Attention: General Counsel
		 	Facsimile: (702) 693-7628

  

					
	STATE OF CALIFORNIA	 	)	  	
		 	)	  	ss
	COUNTY OF LOS ANGELES	 	)	  	

 On January 19, 2011, before me, Elke Mapes, Notary Public (insert name and title of officer)
personally appeared William M. Scott IV, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized
capacity(ies), and that by his signature(s) on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. 
 I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. 
 WITNESS my hand and official seal. 
  

					
	Signature	 	 /s/ Elke Mapes
	  	(Seal)

  

	
	[NOTARY SEAL AFFIXED]

 [SIGNATURE PAGE TO SECOND LIEN SECURITY AGREEMENT]Second Amended and Restated Sponsor Completion Guarantee

 EXHIBIT 10.9 
 SECOND AMENDED AND RESTATED SPONSOR COMPLETION GUARANTEE 
 This Second
Amended and Restated Sponsor Completion Guarantee (this “Guarantee”) dated as of January 21, 2011, is made by MGM Resorts International, formerly known as MGM MIRAGE, a Delaware corporation (“Completion
Guarantor”), in favor of CITYCENTER HOLDINGS, LLC, a Delaware limited liability company (the “Company”), and BANK OF AMERICA, N.A., as collateral agent pursuant to the Credit Agreement Collateral Agent Agreement referred to
below (in such capacity together with its successors, the “Credit Agreement Collateral Agent”), U.S. Bank, National Association, as trustee, as collateral agent pursuant to the Additional First Lien Collateral Agent Agreement
referred to below (in such capacity, together with its successors, the “Additional First Lien Collateral Agent”), and U.S. Bank, National Association, as trustee, as collateral agent pursuant to the Second Lien Collateral Agent
Agreement (in such capacity, together with its successors, the “Second Lien Collateral Agent”), with reference to the following facts: 
 RECITALS 
 A. The Company is the owner, directly or indirectly, of the land
and improvements collectively constituting the CityCenter project in Clark County, Nevada (“CityCenter”). 
 B.
The Company entered into that certain Credit Agreement, dated as of October 3, 2008 (as amended, modified or restated, the “Credit Agreement”), with the lenders referred to therein (collectively, the “Lenders”)
and Bank of America, N.A., as the administrative agent for the Lenders (in such capacity together with its successors, the “Administrative Agent” and the Administrative Agent, the Credit Agreement Collateral Agent, the Lenders, and
any of their respective affiliates with a claim under or otherwise being entitled to the benefits of the Credit Agreement and related loan documents, and as more fully defined in the First Lien Intercreditor Agreement (as defined below),
collectively, the “Credit Agreement Secured Parties”). 
 C. The Company also entered into that certain
Collateral Agent and Intercreditor Agreement, dated as of October 3, 2008 (as it may be amended, modified or restated from time to time, the “Credit Agreement Collateral Agent Agreement”), with the Credit Agreement Collateral
Agent and the Administrative Agent, pursuant to which the Collateral Agent agreed to act as collateral agent for the Credit Agreement Secured Parties. 
 D. Completion Guarantor and Dubai World, a Dubai, United Arab Emirates government decree entity (“Dubai World”), each indirectly own 50% of the issued and outstanding membership units in
the Company. Accordingly, Completion Guarantor and Dubai World are interested in the completion of CityCenter and the financial success of the Company. 
 E. As a condition to the making of Loans under the Credit Agreement, Completion Guarantor and Dubai World each entered into a Sponsor Completion Guarantee, dated October 31, 2008, providing several
(and not joint or joint and several) Completion Guarantees (with respect to Completion Guarantor, the “Original Guarantee” and as amended and restated pursuant to the Amended and Restated Sponsor Completion Guarantee (MGM MIRAGE),
dated as of April 29, 2009, the “Existing Completion Guarantee”), with respect to Dubai World, and as 

  
  

 

 
amended pursuant to an amendment dated as of April 29, 2009, the “Dubai World Completion Guarantee”, and together, the “Sponsor Completion Guarantees”).

 F. The Company, certain of the Lenders and the Administrative Agent are entering into that certain Amended and Restated
Credit Agreement, dated as of the date hereof, (as amended, modified or restated, the “Amended and Restated Credit Agreement”), pursuant to which, inter alia , certain obligations of the Company will be amended and restated
as set forth therein. 
 G. The Company is party to an Indenture dated as of January 21, 2011 (as amended, restated,
supplemented, waived or otherwise modified from time to time, the “Additional First Lien Agreement”), among the Company, the Guarantors identified therein and U.S. Bank, National Association, as trustee and as Additional First Lien
Collateral Agent (the Secured Parties as defined therein, together with the other Additional First Lien Parties (as more fully defined in the First Lien Intercreditor Agreement (as defined below)), being referred to herein as the “Additional
First Lien Secured Parties”). 
 H. The Credit Agreement Collateral Agent, the Additional First Lien Collateral Agent,
and the other representatives identified therein are party to a First Lien Intercreditor Agreement dated as of January 21, 2011 (as amended, restated, supplemented, waived or otherwise modified from time to time, the “First Lien
Intercreditor Agreement”). 
 I. The Company is party to an Indenture dated as of January 21, 2011 (as amended,
restated, supplemented, waived, or otherwise modified from time to time, the “Junior Lien Indenture”), among the Company, the Guarantors identified therein and U.S. Bank, National Association, as trustee and as Junior Lien
Collateral Agent (the Secured Parties as defined therein being referred to herein as the “Junior Lien Secured Parties”). 
 J. The Credit Agreement Collateral Agent, the Additional First Lien Collateral Agent, the Junior Lien Collateral Agent, and other representatives identified therein are party to a General Intercreditor
Agreement dated as of January 21, 2011 (as amended, restated, supplemented, waived, or otherwise modified from time to time, the “General Intercreditor Agreement”). 

K. It is a condition precedent to the Effective Date (as defined in the Amended and Restated Credit Agreement) and to the transactions
contemplated under the Additional First Lien Agreement and the Junior Lien Indenture that Completion Guarantor enter into this Guarantee to amend and restate the Existing Completion Guarantee as set forth herein. 

AGREEMENT 

In order to induce the Beneficiaries (as hereinafter defined) to enter into their respective transaction documents and to extend,
convert, or make the credit extensions contemplated by such documents, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Completion Guarantor, as primary obligor and not merely as

  
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surety, hereby unconditionally and irrevocably covenants and agrees for the benefit of the Company and each of the Beneficiaries as follows: 

1. Certain Defined Terms. Capitalized terms used herein have the meanings ascribed thereto in the Amended and Restated Credit
Agreement as in effect on the Effective Date unless specifically defined herein. In addition to the terms defined in the preamble and the recitals to this Guarantee and in the body of this Guarantee, the following terms shall have the following
respective meanings when used herein: 
 “Beneficiaries” means: 

(a) the Credit Agreement Secured Parties; 
 (b) the Additional First Lien Secured Parties; and 
 (c) the Junior Lien Secured
Parties. 
 “Collateral Agent” means any of the Credit Agreement Collateral Agent, the Additional Fist Lien
Collateral Agent(s), or the Junior Lien Collateral Agent. 
 “Completion Costs” has the meaning set forth in
Section 2.1 hereof. 
 “Construction Payables” means the unpaid amount of any claims made by any
contractors, subcontractors, materialmen, vendors or other legitimate claimants made in respect of works of improvement, which have been conducted in furtherance of CityCenter and take priority over the Deed of Trust (including as determined by
binding settlement or pursuant to a final and nonappealable order or judgment of a court of competent jurisdiction); provided that any such claim that is the subject of a bona fide dispute between the Company and the claimant, or is covered by a
bond insuring the payment of such claim, in either case, to the reasonable satisfaction of the Credit Agreement Collateral Agent (or should there have been a Discharge of the Credit Agreement Obligations, of the Enforcement Collateral Agent), shall
not be considered a “Construction Payable”. 
 “Cost Overruns” means the amount of any and all
construction costs for CityCenter that exceed $8,485,638,000 in the aggregate. 
 “Crystals TA Expenses” has
the meaning set forth in Section 2.1. 
 “Discharge” has the meaning set forth in the First Lien
Intercreditor Agreement. 
 “Enforcement Collateral Agent” has the meaning set forth in Section 25.

 “Guaranteed Obligations” means the obligations of Completion Guarantor under this Guarantee. 

“Intercreditor Agreements” means the First Lien Intercreditor Agreement and the General Intercreditor Agreement.

  
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 “OCIP Insurance Payables” means (a) payment of all remaining risk
premia and administration costs, as and when due, to Lexington Insurance Company and its co-insurers and reinsurers in connection with the Owner Controlled Insurance Program contemplated by the Construction Budget; and (b) payment of all
remaining claims benefits to insured parties under the Owner Controlled Insurance Program as and when due, except to the extent that such claims are the financial responsibility of Lexington Insurance Company and its co-insurers and reinsurers.

 “Other Pending Construction Claims” has the meaning set forth in Section 2.1 hereof. 

“Pending Mechanics Lien Claims” has the meaning set forth in Section 2.1 hereof. 

“Perini Lawsuit Resolution” has the meaning set forth in Section 4.1 hereof. 

“Permitted Cash Collateral Substitution” has the meaning set forth in Section 4.2. 

“Related Party” shall mean any Loan Party (as such term is defined in the Amended and Restated Credit Agreement) or
Grantor (as such term is defined in the General Intercreditor Agreement). 
 “Release of Circus Deeds of Trust”
has the meaning set forth in Section 4.2. 
 “Remaining Construction Costs” has the meaning set forth in
Section 2.1 hereof. 
 “Secured Obligations” means collectively, (1) the Credit Agreement Obligations
(as such term is defined in the First Lien Intercreditor Agreement), (2) the Additional First Lien Obligations (as such term is defined in the First Lien Intercreditor Agreement), and (3) the Junior Lien Obligations (as such term is
defined in the General Intercreditor Agreement). 
 “Security Balance Account” means a deposit account of that
name to be maintained by the Company with the Credit Agreement Collateral Agent (or should there have been a Discharge of the Credit Agreement Obligations, with the Enforcement Agent), which is to be subject to the control agreement in favor of the
Beneficiaries. 
 “Sponsor Proceeds Account” means a deposit account of that name to be maintained by the
Company with the Credit Agreement Collateral Agent (or should there have been a Discharge of the Credit Agreement Obligations, with the Enforcement Agent), which is to be subject to a control agreement in favor of the Beneficiaries. 

“Sponsors” means Completion Guarantor and Dubai World. 

2. Scope and Nature of Guarantee. Completion Guarantor hereby irrevocably agrees as follows: 

2.1 Without in any manner affecting Completion Guarantor’s obligations and rights with respect to CityCenter completion costs paid
prior to the Effective Date, Completion Guarantor hereby guarantees the remaining costs of the completion of CityCenter consisting 

  
 4 

 
  

 
solely of the payment, when due of the following claims: (a) the Construction Payables relating to all mechanics liens filed in the Official Records of Clark County, Nevada as of the
Effective Date, including those set forth on Schedule I attached hereto (the “Pending Mechanics Lien Claims”), (b) the Construction Payables relating to all other work done in respect of CityCenter prior to the Effective
Date (whether or not the subject of filed mechanics liens described on Schedule I attached hereto) (the “Other Pending Construction Claims”), (c) the Construction Payables relating to the remaining completion work on CityCenter
to be performed after the Effective Date and as described on Schedule II attached hereto (the “Remaining Construction Costs”), (d) the OCIP Insurance Payables, and (e) the Construction Payables relating to the
tenant allowance obligations at Crystals described on Schedule III attached hereto (the “Crystals TA Expenses”) (the Pending Mechanics Lien Claims, the Other Pending Construction Claims, the Remaining Construction Costs, the
OCIP Insurance Payables, and the Crystals TA Expenses, collectively, the “Completion Costs”). 
 2.2 The
obligations of Completion Guarantor hereunder are independent of and in addition to any other obligations of Completion Guarantor relating to the Company or CityCenter. For the avoidance of doubt, no other equity or debt investments made by
Completion Guarantor or any of its Subsidiaries in the Company or any of its Subsidiaries or other payments made by Completion Guarantor or its Subsidiaries to or for the benefit of the Company or any of its Subsidiaries shall reduce or otherwise
affect the amount of funds available to be drawn under this Guarantee. 
 2.3 It is acknowledged and agreed that
(a) Completion Guarantor retains all of its rights as surety in respect of all amounts paid by Completion Guarantor under the Existing Completion Guarantee and to be paid under this Guarantee to the extent that such amounts are Cost Overruns,
including the right to receive MGM Completion Guarantee Reimbursement Amount solely as and when permitted by the terms of the agreements and instruments under which the Secured Obligations arise; provided, however, that Completion
Guarantor shall in no manner be entitled to assert those rights against CityCenter or the Company (except solely with respect to the MGM Completion Guarantee Reimbursement Amount and solely as and when permitted by the terms of the agreements and
instruments under which the Secured Obligations arise) unless and until there has been a Discharge of all Secured Obligations, and (b) subject in all respects to the agreements and instruments under which the Secured Obligations arise,
Completion Guarantor shall be entitled to require the application of Condo Proceeds in the amount of $123,850,553 to the payment of remaining Completion Costs (as and when received), to have such amounts retained in the Sponsor Proceeds Account for
the satisfaction of the Completion Costs or, following the satisfaction of all Completion Costs and subject to the terms of the agreements and instruments under which the Secured Obligations arise, to be remitted to Completion Guarantor in
satisfaction of any MGM Completion Guarantee Reimbursement Amount then owing. 
 2.4 Without limiting the generality of
Section 3.1 hereof or of any of the other provisions of this Guarantee, should there be insufficient moneys in the Sponsor Proceeds Account in order to fund the Security Balance Account for the payment of any Completion Costs then due and
owing, Completion Guarantor shall be obligated, without any prior demand or other 

  
 5 

 
  

 
action being required from or by any of the Beneficiaries, to promptly fund into the Sponsor Proceeds Account to cure any such deficiency. 

3. Guarantee Enforcement. 
 3.1 If the Completion Guarantor fails to pay amount owing hereunder when due, the Enforcement Collateral Agent may (but shall not be required to) make demand hereunder upon the presentation of supporting
documentation for any Completion Costs (or amounts under Section 19) then due and owing, and any such demand shall be payable by Completion Guarantor within ten (10) Business Days by wire transfer of immediately available funds to the
Company for direct deposit into the Sponsor Proceeds Account and from such account, then disbursed for the name of the Company in payment of such Completion Costs; provided, however, that no such demand shall be made in respect of the
Pending Mechanics Lien Claims unless and until a final, unstayed order or judgment has been entered in the Perini Lawsuit. Subject to the proviso in the preceding sentence relating to the Pending Mechanics Lien Claims, should Completion Guarantor
default or otherwise fail to comply with such demand, the Enforcement Collateral Agent thereafter may (but shall not be required to) seek, compel, or recover with respect to such failure, the performance of such obligation pursuant to any right,
power, and/or remedy available under this Guarantee, the Circus Deeds of Trust or the operative agreement(s) governing the Permitted Cash Collateral Substitution (as defined below) (as applicable), and/or applicable law. Any recovery obtained by the
Enforcement Collateral Agent in such instance shall be directed to the satisfaction of such Completion Costs and not to the payment of any of the Secured Obligations except solely in the event and to the extent that the Beneficiaries in any manner
whatsoever (including through protective advances, the application of collateral proceeds, or otherwise) satisfied or can be deemed to have satisfied the Completion Costs subject to such demand. In such event (and to such extent), the proceeds of
such recovery shall be distributed (a) in the case of Completion Costs paid or otherwise satisfied through protective advances, to the Beneficiaries making such protective advances, and (b) in the case of Completion Costs paid or otherwise
satisfied through the application of collateral proceeds, pursuant to the provisions of the Intercreditor Agreements as if such proceeds otherwise constituted collateral proceeds. 

3.2 Completion Guarantor agrees that its obligations hereunder shall not be affected by any exercise or non-exercise of remedies by any
Beneficiary, and that this Guarantee shall continue to be enforceable against Completion Guarantor until it terminates in accordance with Section 31. Completion Guarantor’s obligations hereunder in accordance with the terms hereof shall be
irrevocable and unconditional, including notwithstanding any (x) deterioration in the financial condition of the Company, including any bankruptcy or similar proceeding of the Company or any of its subsidiaries, (y) elimination or transfer
of Completion Guarantor’s ownership interest in the Company, including in connection with any bankruptcy or similar proceeding or (z) any deemed satisfaction of (or any failure by Dubai World to fund any of) Dubai World’s obligations
under the Dubai World Completion Guarantee. 
 3.3 Notwithstanding any other provision of this Guarantee to the contrary, this
Guarantee is not a guarantee of any of the Secured Obligations (including any Indebtedness thereunder). 

  
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 3.4 Completion Guarantor may effect its funding obligations hereunder through fundings by
itself or one or more of its direct or indirect Subsidiaries. Without affecting any different arrangement between Dubai World and Guarantor, insofar as their relationship as members of the Company may be concerned, each funding made pursuant to this
Guarantee (whether made by Sponsor directly or through a Subsidiary) shall be deemed to constitute a contribution to the equity capital of the Company, except to the extent of (a) the obligations of the Company with respect to the MGM
Completion Guarantee Reimbursement Amount and (b) the Completion Guarantor’s rights in and to the Condo Proceeds. 

4. Security for Guarantee. 
 4.1 This Guarantee is secured by the Circus Deeds of Trust pertaining to the real and personal property described therein (the “Collateral”). In the event that the Enforcement Collateral
Agent exercises its rights with respect to the Collateral as provided herein and in the Circus Deeds of Trust, the parties agree, without in any manner limiting the scope of this Completion Guaranty or the rights in the Collateral, that the proceeds
of the Collateral shall be deemed to be applied first to satisfy Completion Guarantor’s obligations under this Guarantee with respect to the first $300,000,000 of Completion Costs required to be paid under the provisions of this Guarantee and
then, to satisfy the remaining Completion Costs. Without limiting the generality of the other provisions of this Guarantee, in the event of the occurrence of any event of default under the Circus Deeds of Trust that, in the reasonable judgment of
the Enforcement Collateral Agent, impairs the value of the Collateral in an amount not less than $25,000,000, the Beneficiaries shall be deemed to have an accelerated obligation under this Guarantee in the amount of the Enforcement Collateral
Agent’s estimate of Completion Guarantor’s liability under this Guarantee (which in no circumstances shall be less than (a) $300,000,000 prior to the final resolution, whether via adjudication pursuant to a final and nonappealable
order or judgment of a court of competent jurisdiction, payment, or settlement, of all claims at issue in the Perini Lawsuit (“Perini Lawsuit Resolution”) and (b) $50,000,000 subsequent to the Perini Lawsuit Resolution), and
the Enforcement Collateral Agent shall be entitled, but not obligated, and may act (or refrain from acting) as it determines in its sole and absolute discretion, to pursue a foreclosure of the Circus Deeds of Trust (and/or any of them or any
combination of them) if the Release of the Circus Deeds of Trust has not occurred and/or to pursue any other rights, powers, and/or remedies under the Circus Deeds of Trust (if the Release of the Circus Deeds of Trust has not occurred), this
Guarantee, and/or applicable law. 
 4.2 Upon the final resolution, whether by adjudication pursuant to a final and
nonappealable order or judgment of any court of competent jurisdiction, payment, or settlement of (a) all Pending Mechanics Lien Claims, (b) all Other Pending Construction Claims, and (c) all Remaining Construction Costs, Completion
Guarantor may obtain the release of the Circus Deeds of Trust (the “Release of the Circus Deeds of Trust”) by substituting cash collateral (the “Permitted Cash Collateral Substitution”) in an amount equal to the
remaining aggregate amount of (a) the OCIP Insurance Payables and (b) the Crystals TA Expenses as estimated and certified by a Responsible Officer of Completion Guarantor and to the satisfaction of the Credit Agreement Collateral Agent (or
should there have been a Discharge of the Credit Agreement Obligations, of the Enforcement Collateral Agent), such cash collateral to be deposited with the 

  
 7 

 
  

 
Credit Agreement Collateral Agent (or should there have been a Discharge of the Credit Agreement Obligations, with the Enforcement Collateral Agent) pursuant to pledge, deposit account, or
similar agreements in form and substance acceptable to the Credit Agreement Collateral Agent (or should there have been a Discharge of the Credit Agreement Obligations, to the Enforcement Collateral Agent), it being understood that the purpose of
the Permitted Cash Collateral Substitution is to secure the Completion Guarantor’s obligation to satisfy the then-remaining OCIP Insurance Payables and Crystals TA Expenses and that no Release of the Circus Deeds of Trust shall occur unless and
until the Permitted Cash Collateral Substitution (including the resolution of all issues relating to the acceptability of the form and substance of any pertinent pledge, deposit account, or similar agreement) shall have occurred. Notwithstanding any
other provision of this Guarantee to the contrary, such cash collateral may consist of Condo Proceeds to the extent expressly permitted pursuant to the provisions of the Amended and Restated Credit Agreement, the Additional First Lien Agreement, and
the Junior Lien Indenture. In the event that Completion Guarantor may obtain the Release of the Circus Deeds of Trust pursuant to the provisions of this Section 4.2, the Credit Agreement Collateral Agent (or should there have been a Discharge
of the Credit Agreement Obligations, the Enforcement Collateral Agent) shall be authorized (and shall be deemed to have been granted an irrevocable power of attorney by the Beneficiaries) to execute all documents necessary to effect such release
without any further action being required on the part of the other Beneficiaries. Notwithstanding any other provisions of this Guarantee to the contrary, the Release of the Circus Deeds of Trust and the Permitted Cash Collateral Substitution shall
in no manner constitute a defeasance (or other type of discharge) of Completion Guarantor with respect to any Guaranteed Obligations (including any Completion Costs) remaining unpaid as of (or arising after) the date of the Release of the Circus
Deeds of Trust. 
 5. Nature of Guarantee. This Guarantee is irrevocable and continuing in nature and relates to any
Guaranteed Obligations now existing or hereafter arising. This Guarantee is a guarantee of prompt and punctual payment and performance and is not merely a guarantee of collection. 

6. Relationship to Other Agreements. Except as specifically noted herein, nothing herein shall in any way modify or limit the
effect of terms or conditions set forth in any other transaction document, including without limitation the Sponsor Subordination Agreement, executed by Completion Guarantor or any other document, instrument or agreement executed by Completion
Guarantor in connection with CityCenter, but each and every term and condition hereof shall be in addition thereto. 
 7.
Subordination of Indebtedness of the Company to Completion Guarantor. Completion Guarantor represents and warrants that, as of the date hereof, the Company and its Subsidiaries do not have any Indebtedness owing to Completion Guarantor other
than the portion of the Sponsor Subordinated Debt that has already been advanced to the Company in connection with funding construction of CityCenter or as otherwise expressly provided or permitted in the Amended and Restated Credit Agreement, the
Additional First Lien Agreement, and the Junior Lien Indenture (it being acknowledged that the MGM Completion Guarantee Reimbursement Amount and the right of MGM Resorts to receive Condo Proceeds in the amounts described above do not constitute
Indebtedness). Completion Guarantor hereby agrees that all 

  
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Indebtedness now or hereafter owed by the Company or any of its Subsidiaries to Completion Guarantor or any of its Subsidiaries shall be subordinated in right of payment to the Secured
Obligations as and to the extent provided in the Sponsor Subordination Agreement, the Amended and Restated Credit Agreement, the Additional First Lien Agreement, or the Junior Lien Indenture (as applicable), and all such present or future
Indebtedness of the Company or any of its Subsidiaries shall be subject to the Sponsor Subordination Agreement. 
 8.
Statutes of Limitations and Other Laws. Until the Guaranteed Obligations have been paid and performed in full or this Guarantee terminates in accordance with Section 31, all the rights, privileges, powers and remedies granted to the
Beneficiaries hereunder shall continue to exist and may be exercised by the Beneficiaries at any time and from time to time irrespective of the fact that any of the Guaranteed Obligations or the Secured Obligations may have become barred by any
statute of limitations. Completion Guarantor expressly waives the benefit of any and all statutes of limitation, and any and all Laws providing for exemption of property from execution or for evaluation and appraisal upon foreclosure, to the maximum
extent permitted by applicable Laws. 
 9. Waivers and Consents. Completion Guarantor consents and agrees that the
Beneficiaries may, at any time and from time to time, without notice or demand, and without affecting the enforceability or continuing effectiveness hereof: (a) supplement, modify, amend, extend, renew, accelerate or otherwise change the time
for payment or the terms of their respective Secured Obligations or any part thereof, including, without limitation, any increase or decrease of the rate(s) of interest thereon and any increase or decrease in the principal amount of their respective
Secured Obligations; (b) supplement, modify, amend or waive, or enter into or give any agreement, approval or consent with respect to, their respective Secured Obligations or any part thereof, or any of the transaction documents to which
Completion Guarantor is not a party or any additional security or guarantees, or any condition, covenant, default, remedy, right, representation or term thereof or thereunder; (c) accept new or additional instruments, documents or agreements in
exchange for or relative to any of the transaction documents or their respective Secured Obligations or any part thereof; (d) accept partial payments on the Secured Obligations; (e) receive and hold additional security or guarantees for
their respective Secured Obligations or any part thereof; (f) release, reconvey, terminate, waive, abandon, fail to perfect, subordinate, exchange, substitute, transfer and/or enforce any security or guarantees, and apply any security and
direct the order or manner of sale thereof as the Beneficiaries in their discretion may determine; (g) release any Person from any personal liability with respect to their respective Secured Obligations or any part thereof; (h) settle,
release on terms satisfactory to the applicable Beneficiary or by operation of applicable Laws or otherwise liquidate or enforce any of their respective Secured Obligations and any security or guarantee therefor in any manner, consent to the
transfer of any security and bid and purchase at any sale; and/or (i) consent to the merger, change or any other restructuring or termination of the corporate or other existence of the Company or any other Related Party, and correspondingly
restructure their respective Secured Obligations, and any such merger, change, restructuring or termination shall not affect the liability of Completion Guarantor or the continuing effectiveness hereof, or the enforceability hereof with respect to
all or any part of the Guaranteed Obligations. 

  
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 The Enforcement Collateral Agent, on behalf of the Beneficiaries, may enforce this Guarantee
independently of any other remedy or security the Beneficiaries at any time may have or hold in connection with their respective Secured Obligations. Completion Guarantor expressly waives any right to require the Beneficiaries to marshal assets in
favor of the Company, Completion Guarantor or any other Person, and agrees that the Beneficiaries may proceed against the Company or any other Person, or upon or against any security or remedy, before proceeding to enforce this Guarantee, in such
order as they shall determine in their discretion. The Enforcement Collateral Agent, on behalf of the Beneficiaries, may file a separate action or actions against the Company and/or Completion Guarantor without respect to whether action is brought
or prosecuted with respect to any security or against any other Person, or whether any other Person is joined in any such action or actions. Completion Guarantor agrees that the Beneficiaries and the Company and any Affiliates of the Company may
deal with each other in connection with their respective Secured Obligations or otherwise, or alter any contracts or agreements now or hereafter existing between any of them, in any manner whatsoever, all without in any way altering or affecting the
effectiveness and enforceability of this Guarantee. The Beneficiaries’ rights hereunder shall be reinstated and revived, and the enforceability of this Guarantee shall continue, with respect to any amount at any time paid on account of the
Guaranteed Obligations which thereafter shall be required to be restored or returned by the Beneficiaries upon the bankruptcy, insolvency or reorganization of the Company, Completion Guarantor or any other Person, or otherwise, all as though such
amount had not been paid. The rights of the Beneficiaries created or granted herein and the enforceability of this Guarantee with respect to Completion Guarantor at all times shall remain effective to guarantee the full amount of all the Guaranteed
Obligations even though the Secured Obligations of certain (but not all) of the Beneficiaries shall have been paid in full and even though the respective Secured Obligations of the Beneficiaries, or any part thereof, or any security or guarantee
therefor, may be or hereafter may become invalid or otherwise unenforceable as against the Company or any other Related Party or any other guarantor or surety and whether or not the Company or any other Related Party shall have any personal
liability with respect thereto. Completion Guarantor expressly waives any and all defenses now or hereafter arising or asserted by reason of (a) any disability or other defense of the Company or any other Related Party with respect to any of
the Secured Obligations, (b) the unenforceability or invalidity of any security or guarantee for any of the Secured Obligations or the lack of perfection or continuing perfection or failure of priority of any security for any of the Secured
Obligations, (c) the cessation for any cause whatsoever of the liability of the Company or any other Related Party (other than by reason of the full payment and performance of all their respective Secured Obligations and the termination of all
commitments under the pertinent transaction documents), (d) any failure of the Beneficiaries to marshal assets in favor of the Company, any other Related Party or any other Person, (e) any failure of the Beneficiaries to give notice of
sale or other disposition of any collateral securing any Secured Obligation to Completion Guarantor or any other Person or any defect in any notice that may be given in connection with any sale or disposition of any collateral securing any Secured
Obligation, (f) any failure of the Beneficiaries to comply with applicable Laws in connection with the sale or other disposition of any collateral securing any Secured Obligation or other security for any Secured Obligation, including without
limitation, any failure of the Beneficiaries to conduct a commercially reasonable sale or other disposition of any collateral securing any Secured Obligation or other security for any Secured Obligation, (g) any 

  
 10 

 
  

 act or omission of the Beneficiaries or others that directly or indirectly results in or aids the discharge
or release of the Company or any other Related Party or any of their respective Secured Obligations or any security or guarantee therefor by operation of law or otherwise, (h) any Law which provides that the obligation of a surety or guarantor
must neither be larger in amount nor in other respects more burdensome than that of the principal or which reduces a surety’s or guarantor’s obligation in proportion to the principal obligation, (i) any failure of the Beneficiaries to
file or enforce a claim in any bankruptcy or other proceeding with respect to any Person, (j) the election by the Beneficiaries, in any bankruptcy proceeding of any Person, of the application or non-application of Section 1111(b)(2) of the
United States Bankruptcy Code, (k) any extension of credit or the grant of any Lien under Section 364 of the Bankruptcy Code of the United States, (l) any use of cash collateral under Section 363 of the Bankruptcy Code of the
United States, (m) any agreement or stipulation with respect to the provision of adequate protection in any bankruptcy proceeding of any Person, (n) the avoidance of any Lien in favor of the Beneficiaries for any reason, (o) any
bankruptcy, insolvency, reorganization, arrangement, readjustment of debt, liquidation or dissolution proceeding commenced by or against any Person, including any discharge of, or bar or stay against collecting, all or any of the Secured Obligations
(or any interest thereon) in or as a result of any such proceeding, (p) to the extent permitted in paragraph 40.495 of the Nevada Revised Statutes (“ NRS”), the benefits of the one-action rule under NRS Section 40.430, or
(q) any action taken by the Enforcement Collateral Agent that is authorized by this Section or any other provision of any transaction document. Without limiting the generality of any of the foregoing, in the event of any dissolution or
insolvency of Completion Guarantor, the general inability of Completion Guarantor to pay debts as they mature, an assignment by Completion Guarantor for the benefit of creditors, the institution of any proceeding by or against Completion Guarantor
alleging Completion Guarantor is insolvent or unable to pay its debts as they mature, and such event occurs prior to the Completion Date, the Beneficiaries shall be deemed to have an accelerated obligation under this Guarantee in the amount of
Completion Guarantor’s estimated liability under this Guarantee (which in no circumstances shall be less than (a) $300,000,000 prior to the Perini Lawsuit Resolution and (b) $50,000,000 subsequent to the Perini Lawsuit Resolution),
and the Enforcement Collateral Agent shall be entitled to file a proof of claim and otherwise pursue the allowance and recovery of such a claim (and take any and all other actions in connection therewith) in any such proceeding. Completion Guarantor
expressly waives all setoffs and counterclaims and all presentments, demands for payment or performance, notices of nonpayment or nonperformance, protests, notices of protest, notices of dishonor and all other notices or demands of any kind or
nature whatsoever with respect to any and all of the Secured Obligations, and all notices of acceptance of this Guarantee or of the existence, creation or incurrence of new or additional Secured Obligations. 

10. Condition of the Company and other Related Parties. Completion Guarantor represents and warrants to the Beneficiaries that
Completion Guarantor has established adequate means of obtaining from the Company and each other Related Party, on a continuing basis, financial and other information pertaining to the businesses, operations and condition (financial and otherwise)
of the Company and each other Related Party and their properties, and Completion Guarantor now is and hereafter will be completely familiar with the businesses, operations and condition (financial and otherwise) of the Company and each other Related
Party and their properties. Completion Guarantor hereby expressly waives and relinquishes any duty 

  
 11 

 
  

 
on the part of the Beneficiaries (should any such duty exist) to disclose to Completion Guarantor any matter, fact or thing related to the businesses, operations or condition (financial or
otherwise) of the Company or each other Related Party or their properties, whether now known or hereafter known by the Beneficiaries during the life of this Guarantee. 
 11. Liens on Real Property. Completion Guarantor expressly waives any defenses to the enforcement of this Guarantee or any rights of the Beneficiaries created or granted hereby or to the recovery
by the Beneficiaries against the Company, any other Related Party or any other Person liable therefor of any deficiency after a judicial or nonjudicial foreclosure or sale because all or any part of the Guaranteed Obligations or the Secured
Obligations are secured by real property. This means, among other things: (1) the Beneficiaries may collect from Completion Guarantor without first foreclosing on any real or personal property collateral pledged by the Related Parties or by
Completion Guarantor; (2) if the Beneficiaries foreclose on any real property collateral pledged by the Related Parties or by Completion Guarantor: (A) the amount of the Secured Obligations may be reduced only by the price for which that
collateral is sold at the foreclosure sale, even if the collateral is worth more than the sale price; and (B) the Beneficiaries may collect from Completion Guarantor even if the Beneficiaries, by foreclosing on the real property collateral,
have destroyed, terminated, or otherwise adversely affected any right Completion Guarantor may have to collect from the Related Parties. This is an unconditional and irrevocable waiver of any rights and defenses Completion Guarantor may have because
all or any part of the Guaranteed Obligations or the Secured Obligations are secured by real property. Completion Guarantor expressly waives any defenses or benefits that may be derived from NRS Section 40.430 and judicial decisions relating
thereto, and NRS Sections 40.451, 40.455, 40.457 and 40.459, and all other suretyship defenses it otherwise might or would have under Nevada Law or other applicable Law. Completion Guarantor expressly waives any right to receive notice of any
judicial or nonjudicial foreclosure or sale of any real property or interest therein subject to any such deeds of trust or mortgages or other instruments and Completion Guarantor’s or any other Person’s failure to receive any such notice
shall not impair or affect Completion Guarantor’s obligations hereunder or the enforceability of this Guarantee or any rights of the Beneficiaries created or granted herein. 

12. Subrogation, Indemnification and Contribution. Other than in respect of MGM Completion Guarantee Reimbursement Amount and the
application of Condo Proceeds (which shall be payable to Completion Guarantor as contemplated by Section 2.3 hereof), Completion Guarantor hereby defers and subordinates, until all of the Secured Obligations have been indefeasibly paid and
performed in full and any commitments with respect to the Secured Obligations are terminated, (i) all rights to indemnification by the Related Parties in respect of any payments made by Completion Guarantor hereunder, (ii) all subrogation
rights arising out of the making of such payments, and all other similar rights which may arise in favor of Completion Guarantor against any Related Party, (iii) all rights to set off against the assets of any Related Party, and (iv) all
rights to reimbursement, to exoneration or to any other rights that could accrue to a surety against a principal, to a guarantor against a maker or obligor, to an accommodation party against the party accommodated, or to a holder or transferee
against a maker, and which Completion Guarantor may have or hereafter acquire against any Related Party in connection with or as a result of Completion Guarantor’s execution, delivery and performance of this Guarantee. 

  
 12 

 
  

 13. Understandings with Respect to Waivers and Consents. Completion Guarantor
warrants and agrees that each of the waivers and consents set forth herein are made with full knowledge of their significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or
otherwise adversely affect rights which Completion Guarantor otherwise may have against the Company, any other Related Party, any Beneficiary or others, or against any collateral securing any Secured Obligation, and that, under the circumstances,
the waivers and consents herein given are reasonable and not contrary to public policy or Law. Completion Guarantor acknowledges that it has either consulted with legal counsel regarding the effect of this Guarantee and the waivers and consents set
forth herein, or has made an informed decision not to do so. If this Guarantee or any of the waivers or consents herein are determined to be unenforceable under or in violation of applicable Law, this Guarantee and such waivers and consents shall be
effective to the maximum extent permitted by Law. 
 14. Representations and Warranties. 

14.1 Completion Guarantor represents and warrants that there is no equitable or legal defense to the enforcement of this Guarantee against
Completion Guarantor which has not been effectively waived to the extent legally possible. 
 14.2 The execution, delivery and
performance of this Guarantee does not (i) violate any provisions of law or any order or any court or other agency of government, (ii) contravene any provision of any material contract or agreement to which Completion Guarantor is a party
or by which Completion Guarantor or Completion Guarantor’s assets are bound, or (iii) result in the creation or imposition of any lien, charge or encumbrance of any nature upon an property, asset or revenue of Completion Guarantor except
pursuant to or as set forth in the Circus Deeds of Trust. 
 14.3 All consents, approvals, orders and authorizations of, and
registrations, declarations and filings with, any governmental agency or authority or other person or entity, if any, which are required to be obtained in connection with the execution and delivery of this Guarantee or the performance of Completion
Guarantor’s obligations hereunder have been obtained, and each is in full force and effect. 
 14.4 Completion Guarantor
has paid all taxes and other charges imposed by any governmental agency or authority due and payable by Completion Guarantor other than those that are being challenged in good faith by appropriate proceedings. 

15. Delegations and Assignments. 
 15.1 This Guarantee shall inure to the benefit of the successors and assigns of the Beneficiaries who shall have, to the extent of their interest, the rights of Beneficiaries hereunder. 

15.2 This Guarantee is binding upon Completion Guarantor and its successors and assigns. Completion Guarantor is not entitled to assign
or delegate its obligations 

  
 13 

 
  

 hereunder to any other person without the written consent of each Collateral Agent, except that Completion
Guarantor may delegate its obligation to fund Completion Costs hereunder to any of its wholly-owned direct or indirect Subsidiaries so long as such Subsidiary is a party to the Sponsor Subordination Agreement; provided, however, under
no circumstances shall such delegation relieve Completion Guarantor of its obligations under this Guarantee. 
 16.
Additional Waiver. No delay on the part of any Beneficiary in exercising any of its rights (including those hereunder) and no partial or single exercise thereof and no action or non-action by any Beneficiary, with or without notice to
Completion Guarantor or anyone else, shall constitute a waiver of any rights or shall affect or impair this Guarantee. 
 17.
Interpretation. The section headings in this Guarantee are for the convenience of reference only and shall not affect the meaning or construction of any provision hereof. 

18. Notices. All notices and other communications in connection with this Guarantee shall be in writing and shall be delivered by
hand or overnight courier service, mailed by certified or registered mail or sent by telecopier or e-mail transmission to the parties at the following addresses: 
 The address of Completion Guarantor for notices is: 
 MGM Resorts International 

3600 Las Vegas Boulevard South 
 Las Vegas,
Nevada 89109 
 Attention: Dan D’Arrigo 
 Executive Vice President and Chief Financial Officer 
 Telecopier: (702) 693-7628 

ddarrigo@mgmresorts.com 
 With a
copy to: 
 MGM Resorts International 

3600 Las Vegas Boulevard South 
 Las Vegas,
Nevada 89109 
 Attention: William M. Scott IV 
 Executive Vice President — Corporate Strategy & Special Counsel 
 Telecopier:
(702) 693-7628 
 Telephone : (702) 730-3940 
 bscott@mgmresorts.com 

  
 14 

 
  

 The address of the Credit Agreement Collateral Agent for notices is: 

Bank of America, N.A. 
 Agency Management

 Mail Code: TX1-492-14-11 
 Bank of
America Plaza 
 901 Main Street, 14th Floor 

Dallas, TX 75202-3714 
 Attention: Maurice
Washington, Vice President 
 Telecopier: (214) 290-9544 
 maurice.washington@bankofamerica.com 
 With a copy to: 

Bank of America, N.A. 
 Special Assets Group
Mail 
 Code: TX1-492-66-01 901 
 Main Street, 66th Floor 
 Dallas, TX 75202 
 Attention: John (Jack) W. Woodiel III 
 Telecopier: (214) 290-9475 

Telephone: (214) 209-0955 

jack.woodiel@bankofamerica.com 

And to: 
 Mayer Brown LLP

 71 South Wacker Drive 
 Chicago, IL
60606-4637 
 Attention: Thomas S. Kiriakos 
 Telecopier: (312) 706-8232 
 Telephone: (312) 701-7598 

tkiriakos@mayerbrown.com 
 The
address for the Additional First Lien Collateral Agent for notices is: 
 U.S. Bank, National Association 

EP-MN-WS3C 
 60 Livingston Avenue 

St. Paul, MN 55107-1419 
 Attention: Ray
Haverstock 
 Telecopier: (651) 495-8097 
 Telephone: (651) 495-3909 
 raymond.haverstock@usbank.com 

With a copy to: 

  
 15 

 
  

 Dorsey & Whitney 
 LLP 250 Park Avenue 
 New York, New York 10177-1500 

Attention: Mark Jutsen 
 Telecopier:
(212) 953-7201 
 Telephone: (212) 415-9335 
 justsen.mark@dorsey.com 
 The address for the Junior Lien Collateral Agent for
notices is: 
 U.S. Bank, National Association 
 EP-MN-WS3C 
 60 Livingston Avenue 
 St. Paul, MN 55107-1419 
 Attention: Ray Haverstock 

Telecopier: (651) 495-8097 
 Telephone:
(651) 495-3909 
 raymond.haverstock@usbank.com 
 With a copy to: 
 Dorsey & Whitney LLP 

250 Park Avenue 
 New York, New York 10177-1500

 Attention: Mark Jutsen 
 Telecopier:
(212) 953-7201 
 Telephone: (212) 415-9335 
 justsen.mark@dorsey.com 
 19. Costs and Expenses. Completion Guarantor
agrees to pay to each Collateral Agent all costs and expenses (including, without limitation, reasonable attorneys’ fees and disbursements) incurred by such Collateral Agent in the enforcement or attempted enforcement of this Guarantee,
whether or not an action is filed in connection therewith, and in connection with any waiver or amendment of any term or provision hereof. All advances, charges, costs and expenses, including , without limitation, reasonable attorneys’
fees and disbursements (including the reasonably allocated cost of legal counsel employed by such Collateral Agent), incurred or paid by such Collateral Agent in exercising any right, privilege, power or remedy conferred by this Guarantee, or in the
enforcement or attempted enforcement thereof, shall be subject hereto and shall become a part of the Guaranteed Obligations (and shall not be subject to any liability cap) and shall be paid to such Collateral Agent by Completion Guarantor,
immediately upon demand, together with interest thereon at the Default Rate provided for under the applicable transaction document, which in the case of the Credit Agreement Collateral Agent, shall be the Amended and Restated Credit Agreement.

 20. Construction of this Guarantee. This Guarantee is intended to give rise to absolute and unconditional obligations
on the part of Completion Guarantor; hence, in any 

  
 16 

 
  

 
construction hereof, notwithstanding any provision of any transaction document to the contrary, this Guarantee shall be construed strictly in favor of the Beneficiaries (and against Completion
Guarantor) in order to accomplish its stated purpose. 
 21. Liability. Completion Guarantor and by its acceptance hereof
the Beneficiaries hereby confirm that it is the intention of all such parties that the guarantees by Completion Guarantor pursuant to this Guarantee do not constitute a fraudulent transfer or conveyance for purposes of any federal or state Law. To
effectuate the foregoing intention, and notwithstanding any other provision of this Guarantee to the contrary, in the event that any action or proceeding is brought in whatever form and in whatever forum seeking to invalidate Completion
Guarantor’s obligations under this Guarantee under any fraudulent conveyance, fraudulent transfer theory, or any other theory under any law, including whether under state or federal law, Completion Guarantor, automatically and without any
further action being required of such Completion Guarantor or any Collateral Agent, shall be liable under this Guarantee only for an amount equal to the maximum amount of liability that could have been incurred under applicable law by the Completion
Guarantor under any guarantee of the Guaranteed Obligations (or any portion thereof) at the time of the execution and delivery of the Original Guarantee as such term is defined herein (or, if such date is determined not to be the appropriate date
for determining the enforceability of such Completion Guarantor’s obligations hereunder for fraudulent conveyance or transfer (or similar avoidance) purposes, on the date determined to be so appropriate) without rendering such a hypothetical
Guarantee voidable under applicable law relating to fraudulent conveyance, fraudulent transfer, or any other grounds for avoidance (such highest amount determined hereunder being any such Completion Guarantor’s “ Maximum Completion
Guarantee Amount ”), and not for any greater amount, as if the stated amount of this Guarantee as to such Completion Guarantor had instead been the Maximum Completion Guarantee Amount. This Section is intended solely to preserve the rights
of each Collateral Agent and other Beneficiaries under this Guarantee to the maximum extent not subject to avoidance under applicable law, and neither any Completion Guarantor nor any other person or entity shall have any right or claim under this
Section with respect to the limitation described in this Guarantee, except to the extent necessary so that the obligations of any Completion Guarantor under this Guarantee shall not be rendered voidable to the detriment of the Beneficiaries under
applicable law. The liability of Completion Guarantor hereunder is independent of any other guarantees at any time in effect with respect to all or any part of the Guaranteed Obligations, including the Dubai World Completion Guarantee, and
Completion Guarantor’s liability hereunder may be enforced regardless of the existence of any such guarantees. Any termination by or release of Completion Guarantor in whole or in part shall not affect the continuing liability of any other
guarantor, and no notice of any such termination or release shall be required. The execution hereof by Completion Guarantor is not founded upon an expectation or understanding that any other guarantee of the Guaranteed Obligations will ultimately be
enforceable. 
 22. Amendments. This Guarantee may be amended only with the written consent of Completion Guarantor, the
Company and each Collateral Agent. 

  
 17 

 
  

 23. Counterparts. This Guarantee may be executed in one or more duplicate
counterparts, and when executed and delivered by all of the parties listed below shall constitute a single binding agreement. 

24. Enforcement. At any time that Completion Guarantor fails to fund, on a timely basis, the amount of any Guaranteed Obligation
after receipt of a proper demand hereunder, the Enforcement Collateral Agent shall be entitled to seek remedies against Completion Guarantor to compel the funding of its obligations hereunder. The Enforcement Collateral Agent may exercise any remedy
available at law or equity to enforce this Guarantee, including, without limitation, the following: 
 (a) Specific
Performance. The Enforcement Collateral Agent may seek an order for specific performance of Completion Guarantor’s funding obligations. Completion Guarantor agrees that money damages would be an inadequate remedy for breach of its funding
obligations hereunder and hereby agrees in advance to an order of specific performance enforcing any or all of such obligations; and 
 (b) Foreclosure. The Enforcement Collateral Agent may proceed to foreclose against the Collateral pursuant to the Circus Deeds of Trust. The proceeds of any Collateral secured by the Circus Deeds
of Trust shall be deemed to be applied in the order of priority set forth in Section 4.1 hereof. 
 25. Enforcement
Collateral Agent. Completion Guarantor acknowledges that each Collateral Agent, insofar as Completion Guarantor is concerned, is authorized to enforce the provisions of this Guarantee for the benefit of the Beneficiaries. Each party hereto
(including Completion Guarantor) further acknowledges that whichever Collateral Agent is the then-Applicable Collateral Agent (as such term is defined in the First Lien Intercreditor Agreement) (the “ Enforcement Collateral Agent ”)
shall be the exclusive agent of the Beneficiaries to exercise or enforce their rights, remedies, privileges and powers under this Guarantee and to otherwise act on their behalf in all matters related hereto. Completion Guarantor shall respect and
treat any and all actions so taken by the Enforcement Collateral Agent as if taken by the Beneficiaries. So long as the Intercreditor Agreements remain in force pursuant to their terms, (a) any action taken or not taken by the Credit Agreement
Collateral Agent or the Enforcement Collateral Agent (as the case may be) pursuant to the provisions hereof shall be deemed to be an action taken or not taken (as the case may be) by a Collateral Agent pursuant to the provisions of the Intercreditor
Agreements, (b) without limiting the generality of the foregoing, in taking or not taking any such action, Credit Agreement Collateral Agent or the Enforcement Collateral Agent (as the case may be) shall have the full benefit of all exculpatory
provisions in the Intercreditor Agreements, and (c) except for those specific instances when the Credit Agreement Collateral Agent (in such capacity) is expressly authorized to act (or not act) pursuant to the provisions of this Guarantee, only
the Enforcement Collateral Agent may take any action, on behalf of the Beneficiaries, to enforce this Guarantee against Completion Guarantor. 
 26. Not a Contract to Make a Loan, Etc. This Guarantee shall not be deemed to be a contract to make a loan, or extend other debt financing or financial accommodation, for the 

  
 18 

 
  

 
benefit of the Company or to issue a security of the Company within the meaning of Section 365(c)(2), (e)(2)(B) of the United States Bankruptcy Code. 

27. Governing Law; Jurisdiction; Etc. 
 27.1 GOVERNING LAW. THIS GUARANTEE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEVADA. 
 27.2 SUBMISSION TO JURISDICTION. EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF
NEVADA SITTING IN CLARK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE DISTRICT OF NEVADA, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS GUARANTEE, OR FOR RECOGNITION OR ENFORCEMENT
OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEVADA STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY
LAW. NOTHING IN THIS GUARANTEE SHALL AFFECT ANY RIGHT THAT ANY COLLATERAL AGENT OR ANY BENEFICIARY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS GUARANTEE AGAINST COMPLETION GUARANTOR OR ITS PROPERTIES IN THE COURTS OF ANY
JURISDICTION. 
 27.3 WAIVER OF VENUE. EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN SECTION 27.2
OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMUTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

27.4 SERVICE OF PROCESS. EACH OF THE PARTIES HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES
IN SECTION 18. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

  
 19 

 
  

 28. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO
THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY
OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH OF THE PARTIES HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT,
IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION. 
 29. Integration of Terms. This Guarantee contains the entire agreement between Completion Guarantor and the
Beneficiaries relating to the subject matter hereof and supersedes all oral statements and prior writings with respect hereto. 

30. No Defense. Completion Guarantor expressly agrees that its continuing, several liability for the Guaranteed Obligations shall
not be affected or diminished in any way by any defense, including, without limitation, any sovereign immunity defense, Dubai World may possess or assert with respect to Dubai World’s obligations under the Dubai World Completion Guarantee. The
execution hereof by Completion Guarantor is not founded upon an expectation or understanding that Dubai World will not possess or assert any sovereign immunity defense or any other defense with respect to payment under the Dubai World Completion
Guarantee. It is understood and agreed that nothing in this Section shall diminish or otherwise detract from Completion Guarantor’s waivers of defenses set forth in this Guarantee. 

31. Satisfaction. Subject in all respects to automatic reinstatement pursuant to the provisions of Section 9, this Guarantee
shall be deemed satisfied (and thus, of no further force and effect) upon the final resolution, whether via adjudication pursuant to a final and nonappealable order or judgment of a court of competent jurisdiction, payment, or settlement, of all
Completion Costs (and attendant amounts, if any, owing under Section 19); provided, however , that such satisfaction shall have no effect on (and specifically, shall not in any manner whatsoever vitiate, affect the validity or
finality, un-do, or otherwise disturb) any Completion Cost previously paid or otherwise resolved, whether pursuant to the provisions of this Guarantee or otherwise. 
 32. Severability. Consistent with the provisions of Section 21 hereof, wherever possible, each provision of this Guarantee will be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Guarantee is prohibited by or invalid under such law, such provision will be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the
remaining provisions of this Guarantee. 

  
 20 

 
  

 33. Conflicts Among Documents. Any conflict between the provisions of this Guarantee
and the provisions of any agreement or other instrument relating to any of the Secured Obligations shall be governed by the provisions of this Guarantee. 
 34. Nature of Secured Obligations Inter Se. Completion Guarantor acknowledges that the purpose of this Guarantee is to provide for the resolution of Completion Costs so that mechanics liens
and other covered claims on CityCenter that might otherwise constitute competing (and/or senior) lien claims in and to CityCenter to the possible detriment of the Beneficiaries (regardless of the relative priority of the liens or other rights of the
Beneficiaries inter se ) are (and can be) discharged. As such, Completion Guarantor further acknowledges that nothing contained herein is intended to contradict or be deemed to be evidence of an intent to otherwise vary the meaning of the
provisions of the Intercreditor Agreements, including as to the nature, priority, or potential classification of the Secured Obligations inter se , including the provisions of the General Intercreditor Agreement to the effect that
(i) the Junior Lien Secured Parties’ claims against the Company and/or any other Grantor (as such term is defined in the General Intercreditor Agreement), including in respect of the Common Collateral (as such term is defined in the
General Intercreditor Agreement), constitute claims separate and apart (and of a different nature) from each of the Credit Agreement Obligations and the Additional First Lien Obligations against the Company and each other Grantor (as such term is
defined in the General Intercreditor Agreement), including in respect of the Common Collateral, (ii) the grant of Liens (as such term is defined in the General Intercreditor Agreement) to secure either the Credit Agreement Obligations or the
Additional Lien Obligations each constitutes a separate and distinct grant of Liens from any Liens granted to secure the Junior Lien Obligations; and (iii) because of, among other things, their differing payment terms, their differing covenant
rights, and their differing rights in the Common Collateral (including vis a vis any Grantor and/or in directing the exercise of any rights in and remedies against the Common Collateral), each of the Credit Agreement Obligations and the
Additional First Lien Obligations is fundamentally different from each other and moreover, each is fundamentally different and distinct from (and substantially dissimilar, within the meaning of Section 1122 of the Bankruptcy Code, to) the
Junior Lien Obligations and must be separately classified in any Plan of Reorganization (as such term is defined in the General Intercreditor Agreement) proposed or confirmed in an Insolvency or Liquidation Proceeding (as such term is defined in the
General Intercreditor Agreement). 
 35. Amendment, Restatement, and Continuation of Original Guarantee. This Guarantee
shall not replace the Existing Completion Guarantee and shall not otherwise become effective unless and until the occurrence of the Effective Date. Completion Guarantor irrevocably acknowledges and confirms: (a) that, upon such effectiveness,
this Guarantee shall constitute an amendment, restatement, and uninterrupted continuation of the Original Guarantee (it being agreed that the remaining claims under the Original Guarantee are limited to the Completion Costs and to the other
Guaranteed Obligations under Section 19 relating thereto), (b) that the Completion Guarantor’s obligations hereunder were first incurred to the extent set forth therein upon the initial execution and delivery of the Original Guarantee
and expanded, if at all, to the extent set forth in the Existing Completion Guarantee, (c) that nothing contained in the Amended and Restated Credit Agreement, the Additional First Lien Agreement, the Junior Lien Indenture, the First Lien
Intercreditor Agreement, the General Intercreditor Agreement, or in any other loan document involving the Company impairs or otherwise adversely affects or shall be 

  
 21 

 
  

 
deemed to have impaired or to have otherwise adversely affected any of the Completion Guarantor’s obligations under the Original Guarantee and Existing Completion Guarantee as amended and
restated first in the Existing Completion Guarantee and now herein, (d) that such Original Guarantee, as amended and restated first in the Existing Completion Guarantee and now herein, otherwise remains in full force and effect, (e) that
the Completion Guarantor hereby reaffirms and ratifies the Original Guarantee, as amended and restated first in the Existing Completion Guarantee and as now limited herein, in each and every respect, and (f) that this Guarantee constitutes its
valid and binding obligations. 
 [Signature Page to Follow] 

  
 22 

 
  

 IN WITNESS WHEREOF, Completion Guarantor has caused this Guarantee to be duly executed and
delivered as of the day and year first written above. 
  

			
		  	             MGM Resorts International, formerly known as

                MGM MIRAGE, a Delaware corporation

  

			
	By:	 	 /s/ William M. Scott IV

		 	William M. Scott IV
		 	Authorized Representative

  

	
	 AGREED AND ACCEPTED:

	
	 BANK OF AMERICA, N.A.

as Credit Agreement Collateral Agent

					
		
	By:	 	 /s/ Maurice Washington

		 	Name: Maurice Washington
		 	Title: Vice President

	
	
	 U.S. BANK, NATIONAL ASSOCIATION,

	 as Additional First Lien Collateral Agent

					
		
	By:	 	 /s/ Raymond S. Haverstock

		 	Name: Raymond S. Haverstock
		 	Title: Vice President

	
	
	 U.S. BANK, NATIONAL ASSOCIATION,

	 as Junior Lien Collateral Agent

					
		
	By:	 	 /s/ Raymond S. Haverstock

		 	Name: Raymond S. Haverstock
		 	Title: Vice President

  
  

 

 Schedule I 

Pending Mechanics Lien Claims 
 [see attached] 

  
  

 

 Schedule I 
     Pending Mechanics Lien Claims 
     Revised
1/12/2011 
  

											
	 CLAIMANT
	  	AMOUNT	 	  	DOCUMENT NO.	 	  	 COMMENT

	Perini Building Company	  	$	313,003,141.00	  	  	 	20100328-3424	  	  	 Lis Pendens 20100507-4223/GlennReider Lis Pendens 20100528-4152 /Northwestern Inc LP 20100803-3176 /Lone
Mountain Excavation 20100614-1832/Coco Concrete 20100702-4110/20100713-2886/Amendment
 20101014-3458/Amendment
20101915-180/Amended 20101108-3465/Amended 20101223-474

	Fisk Electric Company	  	$	38,015,095.00	  	  	 	20100402-3092	  	  	Amended 20100512-4350
	Desert Plumbing & Heating Co	  	$	19,104,671.00	  	  	 	20100402-3572	  	  	
	Standard Drywall Inc.	  	$	18,870,346.00	  	  	 	20100405-609	  	  	New Lien 20100910-3708
	Western Tile Marble	  	$	8,271,209.00	  	  	 	20100423-2987	  	  	Partial Reon 20100928-3951
	Enclos Corp.	  	$	7,363,784.00	  	  	 	20100326-3201	  	  	
	Pacific Coast Steel Inc.	  	$	7,044,205.09	  	  	 	20100406-1326	  	  	
	Rapid Mechanical Contractors, Inc.	  	$	6,628,509.94	  	  	 	20100219-3744	  	  	
	Rapid Mechanical Contractors, Inc.	  	$	5,624,088.56	  	  	 	20100219-3745	  	  	
	Show Canada Industries	  	$	5,235,116.02	  	  	 	20090923-1986	  	  	Amended 20100514-1908
	Amazon Masonry Inc.	  	$	4,543,000.00	  	  	 	20101206-311	  	  	
	Steel Engineers, Inc.	  	$	3,619,304.00	  	  	 	20100104-4777	  	  	Amended 20100708-4184
	Southwest Circle Group, Inc.	  	$	3,176,047.00	  	  	 	20100302-3340	  	  	
	Schuff Steel Company	  	$	2,576,164.54	  	  	 	20100408-4051	  	  	
	Amazon Masonry	  	$	2,552,004.24	  	  	 	20100217-3753	  	  	
	Southwest Steel	  	$	2,213,876.71	  	  	 	20100412-1757	  	  	 Amended 20100505-2584/Amended
 20100630-1087/20100728-3325/Partial Recon
 20100820-3651/Partial Recon
20100807-4282/Partial Recon 20100921-3847/Partial Recon 20101006-912/Amended Partial Recon 20101007-1344/Partial Recon

20101027-2336/Partial Recon 20101130-2219

	Silver Steel Inc.	  	$	1,975,438.90	  	  	 	20100419-1099	  	  	
	Converse Professional Group	  	$	1,648,333.70	  	  	 	20100812-1545	  	  	

											
	Coco Concrete Construction	  	$	1,595,428.00	  	  	 	20100821-3671	  	  	
	Silver Steel Inc.	  	$	1,465,140.46	  	  	 	20100419-1100	  	  	
	Pacific Coast Steel	  	$	1,430,943.43	  	  	 	20100514-273	  	  	
	BAZ Construction	  	$	1,352,806.30	  	  	 	20100616-242	  	  	
	Dumas Concepts in Building Inc.	  	$	1,206,025.00	  	  	 	20100507-672	  	  	
	Pacific Coast Steel Inc.	  	$	1,182,977.56	  	  	 	20100406-1349	  	  	
	Century Steel Inc.	  	$	1,114,448.34	  	  	 	20100514-272	  	  	Researching if duplicate of 20100406-1343
	Converse Professional Group	  	$	1,098,889.13	  	  	 	20100812-1547	  	  	
	Converse Professional Group	  	$	1,098,889.13	  	  	 	20100812-1548	  	  	
	Century Steel Inc.	  	$	1,073,792.20	  	  	 	20100406-1322	  	  	
	F. Rodgers Corp.	  	$	1,039,649.17	  	  	 	20100302-683	  	  	Amended 20100505-4148
	Insulation Contracting & Supply Inc.	  	$	1,007,100.00	  	  	 	20101124-2264	  	  	
	Rapid Mechanical Contractors, Inc.	  	$	1,003,696.24	  	  	 	20100219-3748	  	  	
	Silver Steel Inc.	  	$	938,535.00	  	  	 	20100419-2280	  	  	
	Commercial Cabinet Company	  	$	802,429.16	  	  	 	20100728-377	  	  	
	Pacific Coast Steel Inc.	  	$	797,056.83	  	  	 	20100406-1331	  	  	
	Far East Aluminum Works	  	$	750,000.00	  	  	 	20100423-2988	  	  	Amended 20100517-3458/Partial Recon 20101001-3179
	Century Steel Inc.	  	$	743,343.67	  	  	 	20100406-1325	  	  	
	Pacific Coast Steel Inc.	  	$	737,665.83	  	  	 	20100406-1333	  	  	
	Pacific Coast Steel	  	$	710,791.84	  	  	 	20100707-117	  	  	
	Pacific Coast Steel Inc.	  	$	618,460.67	  	  	 	20100406-1324	  	  	
	National Air Balance	  	$	577,741.17	  	  	 	20100601-544	  	  	
	Century Steel Inc.	  	$	576,435.41	  	  	 	20100406-1348	  	  	
	Siemens Industry Inc.	  	$	567,702.98	  	  	 	20100728-2705	  	  	Amended 20101115-3079
	Converse Professional Group	  	$	549,444.57	  	  	 	20100812-1546	  	  	
	The Converse Professional Group	  	$	549,444.57	  	  	 	20100826-1240	  	  	
	Big Town Mechanical	  	$	549,414.53	  	  	 	20100328-387	  	  	Amended 20100506-3924/Partial Recon 20101019-2948
	Metalmen Inc.	  	$	547,839.61	  	  	 	20100322-2297	  	  	
	Enclos Corp.	  	$	528,751.00	  	  	 	20100328-3200	  	  	
	F. Rodgers Corp.	  	$	516,755.97	  	  	 	20100505-4143	  	  	Amended 20100525-2054

											
	Dumas Concepts in Building Inc.	  	$	513,856.00	  	  	 	20100507-673	  	  	
	Century Steel Inc.	  	$	499,331.88	  	  	 	20100406-1341	  	  	
	Ca. Whsl Mat Sply dba Calply	  	$	488,342.73	  	  	 	20100112-4065	  	  	
	Lewis Equipment Company	  	$	451,927.03	  	  	 	20100323-4057	  	  	
	Enclos Corp.	  	$	400,488.00	  	  	 	20100326-3199	  	  	
	Southern Nevada Paving	  	$	400,000.00	  	  	 	20100429-2517	  	  	Partial Recon 20101109-2044
	California Wholesale Supply/dba Calply	  	$	399,983.15	  	  	 	20100429-4212	  	  	
	Rock Island Rigging	  	$	390,139.29	  	  	 	20100323-4058	  	  	
	Silver Steel Inc.	  	$	362,328.00	  	  	 	20100419-1098	  	  	
	ControlWorks, Inc.	  	$	361,588.17	  	  	 	20100927-5362	  	  	
	Lewis Equipment Company	  	$	357,973.73	  	  	 	20100323-4056	  	  	
	Siemens Industry Inc.	  	$	349,257.29	  	  	 	20101230-1318	  	  	
	The Tooles Contracting Group	  	$	345,860.92	  	  	 	20100604-1714	  	  	

  
  

 Schedule I 
     Pending Mechanics Lien Claims 
     Revised
1/12/2011 
  

											
	Nova Quality Assurance Consulting Services LLC	  	$	 342,104.99	  	  	 	20100607-3417	  	  	Amended 20100927-1324
	Bombard Mechanical LLC	  	$	340,374.91	  	  	 	20100128-3025	  	  	Beso / Lis Pendens 20100429-4708
	Century Steel Inc.	  	$	321,083.53	  	  	 	20100408-1330	  	  	
	Bombard Electric	  	$	306,431.00	  	  	 	20100121-2134	  	  	Lis Pendens 20100429-4709
	ControlWorks, Inc.	  	$	296,782.54	  	  	 	20100922-2730	  	  	
	Southwest Circle Group, Inc.	  	$	284,114.00	  	  	 	20100302-3341	  	  	
	Rock Island Rigging	  	$	275,348.34	  	  	 	20100323-4055	  	  	
	IMG Mechanical Group	  	$	265,204.40	  	  	 	20100602-3988	  	  	Wolfgang Puck Brasserie
	F. Rodgers Corp.	  	$	281,731.14	  	  	 	20100427-4348	  	  	
	Pacific Coast Steel Inc.	  	$	260,928.57	  	  	 	20100406-1342	  	  	
	Lewis Equipment Company	  	$	260,088.11	  	  	 	20100323-4059	  	  	
	Glasswall Construction, Inc.	  	$	255,000.00	  	  	 	20100922-2551	  	  	
	Jetstream Construction, Inc.	  	$	241,796.53	  	  	 	20101105-2604	  	  	
	Maximum Enterprises, LLC	  	$	239,666.58	  	  	 	20100225-4552	  	  	
	F. Rodgers Corp.	  	$	221,618.00	  	  	 	20100427-4338	  	  	
	Union Erectors LLC	  	$	209,125.00	  	  	 	20100512-90	  	  	
	Shawmut Woodworking & Supply	  	$	206,535.00	  	  	 	20100930-4603	  	  	
	Metalmen Inc.	  	$	183,189.40	  	  	 	20100322-2298	  	  	
	Henri Specialties Co. Inc.	  	$	182,468.00	  	  	 	20100301-3456	  	  	Amended 20100308-5116; Amend 20100309-3335
	Century Steel Inc.	  	$	180,013.40	  	  	 	20100514-274	  	  	
	Cambridge Architectural	  	$	179,743.13	  	  	 	20100312-2111	  	  	Amended 20100323-2664/20100603-1482
	F. Rodgers Corp.	  	$	176,415.33	  	  	 	20100427-4345	  	  	
	Insulation Contracting & Supply Inc.	  	$	171,924.52	  	  	 	20100503-3748	  	  	
	Pacific Coast Steel Inc.	  	$	171,649.28	  	  	 	20100406-1347	  	  	

											
	Anning-Johnson Company	  	$	170,770.00	  	  	 	20100517-1915	  	  	Wolfgang Puck Brasserie
	F. Rodgers Corp.	  	$	168,696.12	  	  	 	20100427-4348	  	  	
	TAB Contractors Inc.	  	$	165,000.00	  	  	 	20100409-3740	  	  	Amended 20100421-3448 / 20100528-3743/20101203-1674
	Lone Mountain Excavation & Utilities	  	$	160,725.88	  	  	 	20100528-340	  	  	
	Global Island, Inc.	  	$	158,624.00	  	  	 	20100219-3587	  	  	Masa Japanese
	Tooles Contracting Group	  	$	153,555.14	  	  	 	20100616-379	  	  	
	Brand Energy Services LLC	  	$	150,093.20	  	  	 	20100506-531	  	  	
	Brand Energy Services LLC	  	$	150,093.20	  	  	 	20100513-2263	  	  	
	Global Island, Inc.	  	$	147,249.00	  	  	 	20100219-3588	  	  	Cafe Centro
	Lone Mountain Excavation & Utilities	  	$	146,577.12	  	  	 	20100601-2238	  	  	
	Union Erectors LLC	  	$	141,253.00	  	  	 	20100512-18	  	  	
	Silver Steel Inc.	  	$	140,826.00	  	  	 	20100419-2281	  	  	
	IMG Mechanical Group	  	$	140,079.00	  	  	 	20100514-3885	  	  	
	Century Steel Inc.	  	$	139,702.98	  	  	 	20109406-1334	  	  	
	Commercial Cabinet Co.	  	$	139,622.10	  	  	 	20100408-524	  	  	
	IMG Mechanical Group	  	$	135,111.00	  	  	 	20100427-4404	  	  	
	Greene Construction	  	$	132,921.17	  	  	 	20100105-4260	  	  	Amended 20100208-2059/20100414-3218/20100526-2450/2 0100601896
	Metalmen Inc.	  	$	120,186.60	  	  	 	20100825-4020	  	  	
	PA Las Vegas, LLC	  	$	120,121.99	  	  	 	20100226-4435	  	  	World News Kaffee & The Cup
	LLO Inc dba Acme Electric	  	$	120,000.00	  	  	 	20100409-3739	  	  	Amended 20100421-3447 / 20100528-3744/20101203-1873
	Mechanical Insulation Spec.	  	$	119,402.59	  	  	 	20090717-4165	  	  	Amended 20100115-1354/20100504-3228 / 20100520-1462 / 20100602-3757 / 20100610-4533/Partial Recon 20101222-3508
	Commercial Cabinet Co.	  	$	116,148.00	  	  	 	20100408-525	  	  	
	Century Steel Inc.	  	$	110,070.00	  	  	 	20100408-1336	  	  	
	Lone Mountain Excavation & Utilities	  	$	107,741.88	  	  	 	20100528-337	  	  	
	Rock Island Rigging	  	$	105,071.00	  	  	 	20100323-4053	  	  	
	Eberhard Southwest Roofing	  	$	104,997.00	  	  	 	20100716-2597	  	  	

											
	Century Steel Inc.	  	$	 104,772.00	  	  	 	20100406-1318	  	  	
	F. Rodgers Corp.	  	$	103,512.40	  	  	 	20100427-4343	  	  	
	Pacific Coast Steel Inc.	  	$	103,110.45	  	  	 	20100406-1338	  	  	
	Century Steel Inc.	  	$	102,713.78	  	  	 	20100406-1346	  	  	
	F. Rodgers Corporation	  	$	101,758.61	  	  	 	20100505-4137	  	  	Wolfgang Puck Brasserie
	Maloney & Bell General Contractors, Inc.	  	$	100,181.98	  	  	 	20100301-3037	  	  	
	Siemens Industry Inc.	  	$	98,750.00	  	  	 	20100517-2706	  	  	
	Insulation Contracting & Supply Inc.	  	$	97,863.28	  	  	 	20100503-3747	  	  	
	C. R. Laurence Co Inc	  	$	96,981.51	  	  	 	20100301-1150	  	  	
	Tiffiny Decorating Co.	  	$	95,540.20	  	  	 	20100112-2586	  	  	Amended 20100205-3365/Amended 20100511-3846 / Amended 20101012-3663
	National Air Balance	  	$	91,814.80	  	  	 	20100601-545	  	  	
	Rock Island Rigging	  	$	91,773.43	  	  	 	20100402-1447	  	  	
	Recreation Development Co.	  	$	89,428.00	  	  	 	20100413-3814	  	  	
	Siemens Industry Inc.	  	$	87,453.74	  	  	 	20101230-1383	  	  	
	Pacific Coast Steel Inc.	  	$	83,312.81	  	  	 	20100406-1323	  	  	
	Absolute Metals LLC	  	$	82,327.20	  	  	 	20100513-2924	  	  	Wolfgang Puck Brasserie
	Penhall Company	  	$	81,794.36	  	  	 	20100603-3061	  	  	Amended 20101112-4107
	IMG Mechanical Group	  	$	81,357.27	  	  	 	20100602-3987	  	  	Wolfgang Puck Pods

  
  

 Schedule I 
     Pending Mechanics Lien Claims 
 Revised 1/12/2011 

											
				
	Anning-Johnson Company	  	$	80,053.30	  	  	 	20100623-2472	  	  	Extension 20101223-5282
	Desert Plumbing & Heating Co	  	$	79,077.04	  	  	 	20100402-3571	  	  	Amended 20101110-1106
	F. Rodgers Corp.	  	$	78,968.64	  	  	 	20100505-4142	  	  	Amended 20100525-2056
	Tiffany Decorating Company	  	$	77,925.52	  	  	 	20100927-4708	  	  	
	Ahern Rentals	  	$	77,117.99	  	  	 	20100514-2744	  	  	
	Lally Stell, Inc.	  	$	77,037.86	  	  	 	20100219-1300	  	  	Harmon Lobby
	Siemens Industry Inc.	  	$	74,534.25	  	  	 	20100728-2698	  	  	
	Siemens Industry Inc.	  	$	72,971.62	  	  	 	20101118-273	  	  	
	Global Island, Inc.	  	$	72,951.00	  	  	 	20100219-3590	  	  	Block C-Sobella
	Nedco Supply	  	$	71,247.39	  	  	 	20101216-4257	  	  	
	Ca. Whsl Mat Sply dba Calply	  	$	69,162.21	  	  	 	20100112-4066	  	  	
	F. Rodgers Corporation	  	$	69,016.50	  	  	 	20100106-2430	  	  	
	Sierra Glass & Mirror	  	$	68,128.00	  	  	 	20100413-3825	  	  	
	Century Steel Inc.	  	$	65,708.90	  	  	 	20100406-1337	  	  	
	Global island, Inc.	  	$	64,054.00	  	  	 	20100219-3589	  	  	American Bistro
	American Door Installation	  	$	63,022.11	  	  	 	20100910-3689	  	  	
	Lloyd’s Refrigeration, Inc.	  	$	62,841.71	  	  	 	20100310-2832	  	  	 Amendment 20101013-2035/Amendment
 20101019-2417/Amended 20101026-960

	Lloyd’s Refrigeration Inc.	  	$	62,722.03	  	  	 	20100422-1445	  	  	Wolfgang Puck Brasserie
	Insulation Contracting & Supply Inc.	  	$	51,757.00	  	  	 	20100422-3728	  	  	Amended 20100527-2240/20100615-3288/20100927-4111/20100929-4188/20101001-3289
	Kirkwood Stone Tile & Carpet Inc.	  	$	60,460.60	  	  	 	20101208-1685	  	  	
	F. Rodgers Corp.	  	$	58,816.86	  	  	 	20100427-4333	  	  	

											
	Lone Mountain Excavation & Utilities	  	$	58,378.53	  	  	 	20100528-341	  	  	Amended 20100604-5339
	Culinary Design and Fixture Inc.	  	$	58,334.00	  	  	 	20100929-4188	  	  	 Amended 20101028-956/Amended 20101108-3452/Amended

20110106-t231

	Collcrete Corporation	  	$	56,962.70	  	  	 	20100405-3898	  	  	
	Century Steel Inc.	  	$	55,046.93	  	  	 	20100406-1345	  	  	
	F. Rodgers Corp.	  	$	54,517.44	  	  	 	20100503-3952	  	  	
	Peek Construction Company d/b/a El Camino Construction	  	$	53,448.65	  	  	 	20100329-3261	  	  	Amended 20100416-3556 (also amends 20100315-3510)/Amended 20101109-1445
	Peek Construction Company d/b/a El Camino Construction 	  	$
 	53,448.65
 	  
  	  	 
 	20100329-3263
 	  
  	  	Amended 20100416-3555/Amended 20101109-1446 
	Peek Construction Company d/b/a El Camino Construction	  	$	53,448.65	  	  	 	20100329-3264	  	  	Amended 20100416-3553/Amended 20101109-1447
	Peek Construction Company d/b/a El Camino Construction	  	$	53,448.65	  	  	 	20100329-3265	  	  	Amends 20100315-3512, 20100315-3513, Amend 20100416-3557/ Amended 20101109-1448
	Sierra Glass & Mirror Inc.	  	$	61,400.00	  	  	 	20100325-4077	  	  	
	Insulation Contracting & Supply Inc.	  	$	49,624.12	  	  	 	20100503-3746	  	  	
	S3H, Inc.	  	$	48,605.95	  	  	 	20100521-1512	  	  	Amends 20100219-3741, 3742, 3743/Amended 20100714-1820/Partial Recon 20101004-3729/Partial Recon
	Insulation Contracting & Supply Inc.	  	$	45,405.64	  	  	 	20100503-3749	  	  	
	Penhall Company	  	$	45,148.48	  	  	 	26100716-2780	  	  	Amended 20101112-4108/Amended 20110107-1623
	Energy Mechanical Insulation	  	$	43,079.00	  	  	 	20100630-4097	  	  	
	Glaziers Joint Trust Funds	  	$	43,000.00	  	  	 	20100824-669	  	  	
	Brand Energy Services LLC	  	$	42,768.23	  	  	 	20100512-1757	  	  	
	ControlWorks, Inc.	  	$	40,739.00	  	  	 	20100927-2583	  	  	

											
	Kirkwood Stone Tile & Carpet Inc.	  	$	38,582.00	  	  	 	20100819-1084	  	  	Amended 20100826-2300
	Reliable Steel Inc.	  	$	38,299.00	  	  	 	20100421-1754	  	  	
	Long Building Technology	  	$	38,070.00	  	  	 	20100111-2911	  	  	Beso Restaurant
	Royal Metal Works Corp	  	$	37,394.38	  	  	 	20100128-3024	  	  	Amended 20100217-3197
	Century Steel Inc.	  	$	36,485.25	  	  	 	20100406-1327	  	  	
	Peek Construction Company d/b/a El Camino Construction	  	$	36,205.40	  	  	 	20100329-3262	  	  	Amended 20100416-3554
	Acoustical Material Services	  	$	35,597.10	  	  	 	20100222-1887	  	  	
	The Tooles Contracting Group	  	$	35,449.00	  	  	 	20100604-1716	  	  	
	F. Rodgers Corp.	  	$	31,139.53	  	  	 	20100306-4139	  	  	
	Lewis Equipment Company	  	$	31,121.49	  	  	 	20100402-1446	  	  	
	Pacific Coast Steel Inc.	  	$	29,338.35	  	  	 	20100406-1340	  	  	
	Hendrick Screen Company	  	$	27,603.83	  	  	 	20100602-3240	  	  	
	Apex Electric	  	$	27,168.47	  	  	 	20100409-114	  	  	Released 20100924-839
	Concrete Coring of Nevada, Inc.	  	$	26,654.00	  	  	 	20100603-1199	  	  	
	The Reliable Automatic Sprinkler Co. Inc.	  	$	24,193.22	  	  	 	20100308-131	  	  	
	Lone Mountain Excavation & Utilities	  	$	22,450.11	  	  	 	20100601-2235	  	  	
	F. Rodgers Corporation	  	$	21,906.81	  	  	 	20091202-3759	  	  	Beso Restaurant
	Brand Energy Services LLC	  	$	20,668.68	  	  	 	20100506-532	  	  	
	Brand Energy Services LLC	  	$	20,668.68	  	  	 	20100513-2262	  	  	Researching if duplicate of 20100506-0532
	Corradini Corp.	  	$	19,724.00	  	  	 	20100511-2604	  	  	
	PWt Construction, Inc.	  	$	18,745.79	  	  	 	20100310-2329	  	  	The Rodney Laugh Gallery dba The Laugh Road, Inc./ Amended 20100902-4452/Amended 20100921-4648

											
	Reliable Steel Inc.	  	$	18,013.00	  	  	 	20100421-1755	  	  	
	Pacific Coast Steel	  	$	17,677.87	  	  	 	20100514-271	  	  	
	Waco Scaffolding & Equipment	  	$	17,519.20	  	  	 	20100611-3892	  	  	
	Young Electric Sign Company	  	$	17,108.00	  	  	 	20100614-3587	  	  	
	Avanti Glass and Mirror	  	$	17,066.00	  	  	 	20100505-1342	  	  	

  
  

 Schedule I 
 Pending Mechanics Lien Claims 
 Revised 1/12/2011 

 

											
	Pacific Coast Steel Inc.	  	$	16,230.00	  	  	 	20100406-1319	  	  	
	Southwest Circle Group, Inc.	  	$	15,897.00	  	  	 	20100329-671	  	  	
	Rode Bros. Pacific Inc.	  	$	15,748.00	  	  	 	20100504-1326	  	  	Amended 20100822-3198/20100820-1198/20100827-1339/Partial Recon 20101112-1830/Partial Recon 20101209-1298
	Rode Bros. Pacific Inc.	  	$	15,748.00	  	  	 	20101220-984	  	  	
	Urate & Sons Cement, Inc.	  	$	13,996.30	  	  	 	20101209-1200	  	  	
	Insulation Contracting & Supply Inc.	  	$	12,294.68	  	  	 	20100503-3745	  	  	
	Desert Boilers & Controls Inc.	  	$	11,750.00	  	  	 	20100617-3412	  	  	
	Century Steel Inc.	  	$	11,057.17	  	  	 	20100408-1332	  	  	—
	Ahern Rentals	  	$	10,895.47	  	  	 	20100507-493	  	  	
	Siemens Industry Inc.	  	$	10,478.00	  	  	 	20100728-3178	  	  	
	Sierra Glass & Mirror	  	$	10,444.56	  	  	 	20100916-2546	  	  	
	Oldcastle Glass	  	$	10,368.65	  	  	 	20160420-910	  	  	Retail-BESO
	Rock Island Rigging	  	$	9,815.00	  	  	 	20100323-4054	  	  	
	H & E Equipment SVCS/403B	  	$	9,545.78	  	  	 	20101214-1025	  	  	
	Sunbelt Controls, Inc.	  	$	9,378.00	  	  	 	20101217-1300	  	  	Re-recorded 20101229-3341
	Ahern Rentals	  	$	9,243.63	  	  	 	20100513-541	  	  	
	Silver Steel Inc.	  	$	9,159.00	  	  	 	29100419-2282	  	  	
	F. Rodgers Corporation	  	$	9,159.00	  	  	 	20100308-1256	  	  	Beso
	Omniteam, Inc.	  	$	9,000.00	  	  	 	20100122-4281	  	  	Beso
	Sherwin-Williams Company	  	$	8,958.00	  	  	 	20100324-228	  	  	
	The Converse Professional Group	  	$	8,862.01	  	  	 	20100827-1059	  	  	
	The Converse Professional Group	  	$	8,862.01	  	  	 	20100827-1060	  	  	
	The Converse Professional Group	  	$	8,862.01	  	  	 	20100827-1061	  	  	
	The Converse Professional Group	  	$	8,862.01	  	  	 	20100827-1062	  	  	
	The Converse Professional Group	  	$	8,862.01	  	  	 	20100827-1063	  	  	

											
	The Converse Professional Group	  	$	8,862.01	  	  	 	20100827-1064	  	  	
	The Converse Professional Group	  	$	8,862.01	  	  	 	20100827-1065	  	  	
	The Converse Professional Group	  	$	8,862.01	  	  	 	20100827-1066	  	  	
	The Converse Professional Group	  	$	8,862.01	  	  	 	20100827-1070	  	  	
	The Converse Professional Group	  	$	8,862.01	  	  	 	20100827-1071	  	  	
	The Converse Professional Group	  	$	8,862.01	  	  	 	20100827-1072	  	  	
	The Converse Professional Group	  	$	8,862.01	  	  	 	20100827-1073	  	  	
	The Converse Professional Group	  	$	8,862.01	  	  	 	20100827-1074	  	  	
	The Converse Professional Group	  	$	8,862.01	  	  	 	20100827-1075	  	  	
	The Converse Professional Group	  	$	8,862.01	  	  	 	20100827-1076	  	  	
	Control/Works, Inc.	  	$	8,550.00	  	  	 	20100927-5360	  	  	
	Ahern Rentals	  	$	8,473.88	  	  	 	20100507-495	  	  	Amended 20101207-2196
	Avanti Glass and Mirror	  	$	8,394.00	  	  	 	20100505-1344	  	  	
	Russ Steel Company, Inc.	  	$	8,334.00	  	  	 	20100216-00401	  	  	Amended 20100222-00485
	CG & B Enterprises	  	$	7,938.08	  	  	 	20100511-2423	  	  	
	Siemens Industry Inc.	  	$	7,760.00	  	  	 	20100728-3171	  	  	
	F. Rodgers Corp.	  	$	7,755.44	  	  	 	20100505-4151	  	  	
	Jensen Pracast	  	$	7,588.76	  	  	 	20100426-4071	  	  	
	ControlWorks, Inc.	  	$	7,400.00	  	  	 	20100927-5361	  	  	
	Long Building Technology	  	$	7,099.03	  	  	 	20100107-3024	  	  	
	RPM Mechanical Inc.	  	$	7,068.30	  	  	 	20100810-952	  	  	
	F. Rodgers Corporation	  	$	6,794.00	  	  	 	20100505-4138	  	  	Wolfgang Puck Pods
	National Air Balance	  	$	5,738.74	  	  	 	20100801-543	  	  	
	A-1 Concrete Cutting & Demo	  	$	5,730.00	  	  	 	20100429-2793	  	  	
	Absolute Metals LLC	  	$	5,522.08	  	  	 	20100427-747	  	  	
	Paramount Scaffold Inc.	  	$	5,151.00	  	  	 	20100402-3281	  	  	
	Pacific Coast Steel Inc.	  	$	4,972.00	  	  	 	20100406-1321	  	  	
	Century Steel Inc.	  	$	4,724.00	  	  	 	20100406-1320	  	  	
	Paramount Scaffold Inc.	  	$	4,530.00	  	  	 	20100217-4612	  	  	
	Avanti Glass and Mirror	  	$	4,280.30	  	  	 	20100505-1343	  	  	
	Hyde Consulting Services, LLC	  	$	4,267.50	  	  	 	20101022-3027	  	  	
	Lone Mountain Excavation & Utilities	  	$	3,696.97	  	  	 	20100528-338	  	  	

											
	Las Vegas Supply	  	$	3,633.12	  	  	 	20100419-4486	  	  	
	Lone Mountain Excavation a Utilities	  	$	2,840.00	  	  	 	20100528-339	  	  	
	Ahern Rentals	  	$	2,801.76	  	  	 	20100514-2742	  	  	
	Nevada Ready Mix Corporation	  	$	2,619.00	  	  	 	20100217-2979	  	  	
	ProSpectra Contract Flooring	  	$	2,580.49	  	  	 	20100407-778	  	  	Tourbillion
	Pape Material Handling dba Pape Rents	  	$	2,390.96	  	  	 	20100430-3988	  	  	Wolfgang Puck Pods
	Reliable Steel Inc.	  	$	2,149.00	  	  	 	20100421-1756	  	  	
	Pape Material Handling dba Pape Rents	  	$	1,960.41	  	  	 	20100427-4225	  	  	
	Modernfold of Nevada LLC	  	$	1,563.89	  	  	 	20100506-3923	  	  	Partial Recon 20101012-1111/Partial Recon 20101027-2517
	Pacific Coast Steel Inc.	  	$	1,282.16	  	  	 	20100406-1335	  	  	
	Century Steel Inc.	  	$	1,273.65	  	  	 	20100406-1339	  	  	

  

  
  

	
	 Schedule I

    Pending Mechanics Lien Claims
     Revised 1/12/2011

  

							
	Reade & Associates	  	$ 1,062.70	  	20100405-3897	  	
	H & E Equipment SVCS/77	  	$ 968.69	  	20100513-3785	  	
	Pape Material Handling dba Pape Rents	  	$951.51	  	20100427-4224	  	
	Pape Material Handling dba Pape Rents	  	$778.32	  	20100427-4226	  	
	F. Rodgers Corp.	  	$622.00	  	20100817-715	  	
	Lone Mountain Excavation & Utilities	  	$545.02	  	20100528-342	  	
	F. Rodgers Corp.	  	$468.08	  	20100505-4141	  	
	F. Rodgers Corp.	  	$400.00	  	20100817-714	  	
	TOTAL	  	$496,225,524.53	  		  	

  

  
  

 Schedule II 

Description of Work Relating to 
 Remaining Construction Costs 
 [see attached] 

 
  

  

	
	Schedule II
	    Remaining Construction Costs

  

					
	 Projects / Scopes
	  	Estimated
Completion
Guarantee	 
	 High limit slot room (Spin)
	  	$	2,000,000	  
	 Landscaping
	  	 	1,500,000	  
	 Signage
	  	 	1,500,000	  
	 Casino Lighting
	  	 	1,000,000	  
	 Buffet layout
	  	 	1,000,000	  
	 Gold Lounge
	  	 	700,000	  
	 View Bar
	  	 	400,000	  
		  	  
	  
	 
	 Total
	  	$	8,100,000	  
		  	  
	  
	 

 Note Construction of some items listed above have already been substantially completed as of the
Effective Date. : 

  
 1 of 1

  
  

 Schedule III 

Schedule of Crystals TA Expenses as of the Date Hereof 

[see attached] 
  

 

  

	
	Schedule III
	  Crystals TA Expenses
	

  

													
	 	  	 	 	  	 Remaining
 Cost As
	 	  	 	 
	 Space
	  	Sq Ft	 	  	Nov-10 PTD	 	  	Cost per
Square
Foot	 
	 With an Executed Lease
	  				  				  			
	 110/210
	  	 	15,525	  	  	$	2,831,800	  	  	$	182	  
	 200
	  	 	10,952	  	  	 	2,007,866	  	  	 	183	  
	 156/256
	  	 	9,926	  	  	 	1,247,350	  	  	 	126	  
	 102
	  	 	7,693	  	  	 	1,100,000	  	  	 	143	  
	 142
	  	 	9,814	  	  	 	975,000	  	  	 	99	  
	 224
	  	 	3,000	  	  	 	900,000	  	  	 	300	  
	 233
	  	 	7,963	  	  	 	712,868	  	  	 	90	  
	 124
	  	 	5,416	  	  	 	700,000	  	  	 	129	  
	 140
	  	 	5,719	  	  	 	675,000	  	  	 	118	  
	 240
	  	 	8,394	  	  	 	619,760	  	  	 	74	  
	 262
	  	 	1,980	  	  	 	594,100	  	  	 	300	  
	 274
	  	 	3,614	  	  	 	556,556	  	  	 	154	  
	 144
	  	 	2,444	  	  	 	550,350	  	  	 	225	  
	 303
	  	 	10,231	  	  	 	500,000	  	  	 	49	  
	 260/360
	  	 	13,293	  	  	 	447,858	  	  	 	34	  
	 180
	  	 	5,000	  	  	 	375,000	  	  	 	75	  
	 250
	  	 	2,886	  	  	 	288,600	  	  	 	100	  
	 270
	  	 	4,144	  	  	 	248,640	  	  	 	60	  
	 134
	  	 	1,935	  	  	 	193,500	  	  	 	100	  
	 222
	  	 	1,849	  	  	 	188,040	  	  	 	102	  
	 220
	  	 	4,165	  	  	 	187,000	  	  	 	45	  
	 221
	  	 	4,660	  	  	 	186,400	  	  	 	40	  
	 145
	  	 	1,870	  	  	 	180,000	  	  	 	96	  
	 275
	  	 	4,592	  	  	 	136,915	  	  	 	30	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  	 	147,06	  	  	 	16,402,60	  	  			
	 Subtotal
	  	 	5	  	  	$	4	  	  	$	112	  
				
	 Without An Executed Lease
	  				  				  			
	 232
	  	 	6,197	  	  	$	3,098,500	  	  	$	500	  
	 100
	  	 	14,732	  	  	 	2,700,000	  	  	 	183	  
	 141
	  	 	6,502	  	  	 	1,950,600	  	  	 	300	  
	 127
	  	 	5,925	  	  	 	1,185,000	  	  	 	200	  
	 225
	  	 	2,878	  	  	 	1,151,200	  	  	 	400	  
	 228
	  	 	2,002	  	  	 	1,001,000	  	  	 	500	  
	 207
	  	 	994	  	  	 	397,600	  	  	 	400	  
	 133
	  	 	1,949	  	  	 	194,900	  	  	 	100	  
	 206
	  	 	789	  	  	 	157,800	  	  	 	200	  
	 242
	  	 	786	  	  	 	79,000	  	  	 	101	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  	 	11,915,60	  	  			
	 Subtotal
	  	 	42,754	  	  	$	0	  	  	$	279	  

  

													
	 Not Yet Assigned to Any Spaces
	  				  	$	3,575,679	  	 			
	 Reimbursements from Fendi and Beso
	  				  	($	5,128	) 	 			
		  	  
	  
	 	  	  
	  
	 	 	  
	  
	 
		  	 	189,81	  	  	 	31,888,75	  	 			
	 Total TA Funds Remaining to Pay
	  	 	9	  	  	$	 5	  	 	$	168

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}]]