Document:

Exhibit 10.35

Assessor’s Parcel No.: 162-21-210-003;

162-21-210-004;

162-21-210-005

PREPARED BY AND UPON

RECORDATION RETURN TO:

Fried, Frank, Harris, Shriver & Jacobson LLP

One New York Plaza

New York, New York 10004

MAIL TAX
STATEMENTS TO:

PH Fee Owner LLC

3667 Las Vegas Blvd. South

Las Vegas, Nevada  89109

Attention: Controller

PH FEE OWNER LLC

and

OPBIZ, L.L.C.

collectively, as
Borrower

to

COLUMN FINANCIAL,
INC., 

as Lender

ASSIGNMENT OF
LEASES AND RENTS

	
  

  	
  Dated:

  	
  As of November 30, 2006

  
	
   

  	
   

  	
   

  
	
   

  	
  Location:

  	
  Las Vegas, Nevada

  
	
   

  	
   

  	
   

  
	
   

  	
  County:

  	
  Clark

  

 

THIS
ASSIGNMENT OF LEASES AND RENTS (this “Assignment”), dated as of November
30, 2006, made by PH FEE OWNER LLC, a Delaware limited liability company (“Fee
Owner”), and OPBIZ, L.L.C., a Nevada limited liability company (“OpBiz”
and, together with Fee Owner, individually or collectively as the context
indicates “Borrower”), each having its principal place of business c/o
OpBiz, L.L.C., 3667 Las Vegas Boulevard South, Las Vegas, Nevada 89109
collectively as assignor, for the benefit of COLUMN FINANCIAL, INC., a Delaware
corporation, having an address at 11 Madison Avenue, New York, New York 10010,
as assignee (“Lender”).

W I T N E S S E T H:

WHEREAS,
this Assignment is given in connection with a loan in the principal sum of up
to Eight Hundred Twenty Million and No/100 Dollars ($820,000,000) (the “Loan”)
made by Lender to Borrower pursuant to that certain Loan Agreement, dated as of
the date hereof (as the same may be amended, restated, replaced, supplemented
or otherwise modified from time to time, the “Loan Agreement”;
capitalized terms not otherwise defined herein shall have the respective
meanings specified in the Loan Agreement) and evidenced by that certain
Promissory Note, dated the date hereof, given by Borrower to Lender (as the
same may be amended, restated, replaced, supplemented or otherwise modified
from time to time, the “Note”);

WHEREAS,
payment of the Debt and the performance of all of Borrower’s obligations under
the Note, the Loan Agreement and the other Loan Documents are secured by, inter
alia, that certain Deed of Trust, Security Agreement, Assignment of
Leases and Rents, Financing Statement and Finance Filing, dated as of the date
hereof, made by Borrower to First American Title Insurance Company, a New York
corporation, as trustee, for the benefit of Lender, as beneficiary (as amended,
restated, replaced, supplemented or otherwise modified from time to time, the “Security
Instrument”);

WHEREAS,
Borrower desires to further secure the payment of the Debt and the performance
of all of its obligations under the Note, the Loan Agreement and the other Loan
Documents; and

WHEREAS, this Assignment
is given pursuant to the Loan Agreement, and payment, fulfillment, and
performance by Borrower of its obligations thereunder and under the other Loan
Documents is secured hereby, and each and every term and provision of the Loan
Agreement and the Note, including the rights, remedies, obligations, covenants,
conditions, agreements, indemnities, representations and warranties therein,
are hereby incorporated by reference herein as though set forth in full and
shall be considered a part of this Assignment.

NOW
THEREFORE, in consideration of the making of the Loan by Lender and the
covenants, agreements, representations and warranties set forth in this
Assignment:

ARTICLE 1. 

ASSIGNMENT

Section 1.1.            Property Assigned. 
Borrower hereby absolutely and unconditionally assigns and grants to
Lender the following property, rights, interests and estates, now owned, or
hereafter acquired by Borrower:

(a)           Leases.  All leases, subleases or subsubleases,
lettings, licenses, concessions or other agreements made a part hereof (whether
written or oral and whether now or hereafter in effect) pursuant to which any
Person is granted a possessory interest in, or a right to use or occupy, all or
any portion of any space in that certain lot or piece of land, more
particularly described in Exhibit A annexed hereto and made a part
hereof, including, without limitation, (i) that certain Lease Agreement dated
as of the date hereof, between Fee Owner, as lessor, and OpBiz, as lessee for
the Hotel Component (as defined in the Loan Agreement) and (ii) that certain
Lease Agreement, dated as of the date hereof, between Fee Owner, as lessor, and
OpBiz, as lessee for the Casino Component (as defined in the Loan Agreement),
together with the buildings, structures, fixtures, additions, enlargements,
extensions, modifications, repairs, replacements and improvements now or
hereafter located thereon or therein (collectively, the “Property”) and every modification, amendment or other
agreement relating to such leases, subleases, subsubleases, or other agreements
entered into in connection with such leases, subleases, subsubleases, or other
agreements and every guarantee of the performance and observance of the
covenants, conditions and agreements to be performed and observed by the other
party thereto, and the right, title and interest of Borrower, its successors
and assigns, therein and thereunder.

(b)           Other
Leases and Agreements.  All other
leases and other agreements, whether or not in writing, affecting the use,
enjoyment or occupancy of the Property or any portion thereof now or hereafter
made, whether made before or after the filing by or against Borrower of any
petition for relief under 11 U.S.C. §101 et seq., as the same may be amended
from time to time (the “Bankruptcy Code”), together with any extension,
renewal or replacement of the same.  This
Assignment of other present and future leases and present and future agreements
is effective without further or supplemental assignment.  The “leases” described in Section 1.1(a)
and the leases and other agreements described in this Section 1.1(b) are
collectively referred to as the “Leases”.

(c)           Rents.  All rents, rent equivalents, income,
receivables, revenues, receipts, insurance proceeds, deposits and profits
arising from the Leases and renewals thereof together with all rents, rent
equivalents, income, fees, receivables, accounts, profits (including, but not
limited to, all oil and gas or other mineral royalties and bonuses), charges
for services rendered and any and all payment and consideration of whatever
form or nature received by Borrower or its agents or employees from any and all
sources relating to the use, enjoyment and occupancy of the Property whether
paid or accruing before or after the filing by or against Borrower of any
petition for relief under the Bankruptcy Code (collectively, the “Rents”).

(d)           Bankruptcy
Claims.  All of Borrower’s claims and
rights (the “Bankruptcy Claims”) to the payment of damages arising from
any rejection by a lessee of any Lease under the Bankruptcy Code.

(e)           Lease
Guaranties.  All of Borrower’s right,
title and interest in and claims under any and all lease guaranties, letters of
credit and any other credit support (individually, a “Lease Guaranty”,
collectively, the “Lease Guaranties”) given by any guarantor or other
Person in connection with any of the Leases or leasing commissions
(individually, a “Lease Guarantor”, collectively, the “Lease
Guarantors”) to Borrower.

 2
 

(f)            Proceeds.  All proceeds from the sale or other
disposition of the Leases, the Rents, the Lease Guaranties and the Bankruptcy
Claims.

(g)           Other.  All rights, powers, privileges, options and
other benefits of Borrower as lessor under the Leases and beneficiary under the
Lease Guaranties, including without limitation the immediate and continuing
right to make claim for, receive and collect all Rents payable or receivable
under the Leases and all sums payable under the Lease Guaranties or pursuant thereto
(and to apply the same to the payment of the Debt), and to do all other things
which Borrower or any lessor is or may become entitled to do under the Leases
or the Lease Guaranties.

(h)           Entry.  The right, at Lender’s option, upon
revocation of the license granted herein, to enter upon the Property in person,
by agent or by court-appointed receiver, to collect the Rents.

(i)            Power
of Attorney.  Borrower’s irrevocable
power of attorney, coupled with an interest, to take any and all of the actions
set forth in Section 3.1 of this Assignment and any or all other actions
designated by Lender for the proper management and preservation of the
Property.

(j)            Other
Rights and Agreements.  Any and all
other rights of Borrower in and to the items set forth in Sections 1.1(a)
through (i) above, and all amendments, modifications, replacements,
renewals and substitutions thereof.

ARTICLE
2. 

TERMS OF ASSIGNMENT

Section 2.1.            Present Assignment And License
Back.  It is intended by Borrower that this
Assignment constitute a present, absolute assignment of the Leases, Rents,
Lease Guaranties and Bankruptcy Claims, and not an assignment for additional
security only.  Nevertheless, subject to
the terms of this Section 2.1 and the Security Instrument, Lender grants
to Borrower a revocable license prior to an Event of Default (as defined in the
Loan Agreement) to collect, receive, use and enjoy the Rents and other sums due
under the Leases and Lease Guaranties and Borrower shall hold such Rents and
all sums received pursuant to any Lease Guaranty, or a portion thereof
sufficient to discharge all current sums due on the Debt, in trust for the
benefit of Lender for use in the payment of such sums.

Section 2.2.            Notice To Lessees. 
Borrower hereby authorizes and directs the lessees named in the Leases
or any other future lessees or occupants of the Property and all Lease
Guarantors to pay over to Lender or to such other party as Lender directs all
Rents and all sums due under any Lease Guaranties upon receipt from Lender of
written notice to the effect that Lender is then the holder of this Assignment
and that an Event of Default (as defined in the Loan Agreement) exists, and to
continue so to do until otherwise notified by Lender.

Section 2.3.            Incorporation By Reference.  All representations, warranties, covenants,
conditions and agreements contained in the Loan Agreement and the other Loan
Documents as same may be modified, renewed, substituted or extended are hereby
made a part of this Assignment to the same extent and with the same force as if
fully set forth herein.

 3
 

ARTICLE
3. 

REMEDIES

Section 3.1.            Remedies of Lender.  Upon the occurrence of an Event of Default,
the license granted to Borrower in Section 2.1 of this Assignment shall
automatically be revoked, and Lender shall immediately be entitled to
possession of all Rents and sums due under any Lease Guaranties, whether or not
Lender enters upon or takes control of the Property.  In addition, Lender may, at its option,
without waiving such Event of Default, without regard to the adequacy of the
security for the Debt, either in person or by agent, nominee or attorney, with
or without bringing any action or proceeding, or by a receiver appointed by a
court, dispossess Borrower and its agents and servants from the Property,
without liability for trespass, damages or otherwise and exclude Borrower and
its agents or servants wholly therefrom, and take possession of the Property
and all books, records and accounts relating thereto and have, hold, manage,
lease and operate the Property on such terms and for such period of time as
Lender may deem proper and either with or without taking possession of the
Property in its own name, demand, sue for or otherwise collect and receive all
Rents and sums due under all Lease Guaranties, including those past due and
unpaid with full power to make from time to time all alterations, renovations,
repairs or replacements thereto or thereof as Lender may deem proper and may
apply the Rents and sums received pursuant to any Lease Guaranties to the
payment of the following in such order and proportion as Lender in its sole
discretion may determine, any law, custom or use to the contrary
notwithstanding:  (a) all expenses of
managing and securing the Property, including, without being limited thereto,
the salaries, fees and wages of a managing agent and such other employees or
agents as Lender may deem necessary or desirable and all expenses of operating
and maintaining the Property, including, without being limited thereto, all
taxes, charges, claims, assessments, water charges, sewer rents and any other
liens, and premiums for all insurance which Lender may deem necessary or
desirable, and the cost of all alterations, renovations, repairs or
replacements, and all expenses incident to taking and retaining possession of
the Property; and (b) the Debt, together with all costs and reasonable
attorneys’ fees.  In addition, upon the
occurrence of an Event of Default, Lender, at its option, may (i) complete any
construction on the Property in such manner and form as Lender deems advisable,
(ii) exercise all rights and powers of Borrower, including, without limitation,
the right to negotiate, execute, cancel, enforce or modify any Leases, obtain
and evict tenants, and demand, sue for, collect and receive all Rents from the
Property and all sums due under any Lease Guaranties, (iii) require Borrower to
pay monthly in advance to Lender, or any receiver appointed to collect the
Rents, the fair and reasonable rental value for the use and occupancy of such
part of the Property as may be in possession of Borrower or (iv) require
Borrower to vacate and surrender possession of the Property to Lender or to
such receiver and, in default thereof, Borrower may be evicted by summary
proceedings or otherwise.

Section 3.2.            Other Remedies. 
Nothing contained in this Assignment and no act done or omitted by
Lender pursuant to the power and rights granted to Lender hereunder shall be
deemed to be a waiver by Lender of its rights and remedies under the Loan
Agreement, the Note, or the other Loan Documents and this Assignment is made
and accepted without prejudice to any of the rights and remedies possessed by
Lender under the terms thereof.  The
right of Lender to collect the Debt and to enforce any other security therefor
held by it may be exercised by Lender either prior to, simultaneously with, or
subsequent to any action taken by it hereunder. 
Borrower hereby absolutely, unconditionally and irrevocably waives any
and all rights to assert any setoff, 

 4
 

counterclaim or crossclaim of any nature whatsoever with respect to the
obligations of Borrower under this Assignment, the Loan Agreement, the Note,
the other Loan Documents or otherwise with respect to the Loan in any action or
proceeding brought by Lender to collect same, or any portion thereof, or to
enforce and realize upon the lien and security interest created by this
Assignment, the Loan Agreement, the Note, or any of the other Loan Documents
(provided, however, that the foregoing shall not be deemed a waiver of Borrower’s
right to assert any compulsory counterclaim if such counterclaim is compelled
under local law or rule of procedure, nor shall the foregoing be deemed a
waiver of Borrower’s right to assert any claim which would constitute a
defense, setoff, counterclaim or crossclaim of any nature whatsoever against
Lender in any separate action or proceeding).

Section 3.3.            Other Security. 
Lender may take or release other security for the payment of the Debt,
may release any party primarily or secondarily liable therefor and may apply any
other security held by it to the reduction or satisfaction of the Debt without
prejudice to any of its rights under this Assignment.

Section 3.4.            Non-Waiver. 
The exercise by Lender of the option granted to Lender in Section 3.1
of this Assignment and the collection of the Rents and sums due under the Lease
Guaranties and the application thereof as herein provided shall not be
considered a waiver of any default by Borrower under the Note, the Loan
Agreement, the Leases, this Assignment or the other Loan Documents.  The failure of Lender to insist upon strict
performance of any term hereof shall not be deemed to be a waiver of any term
of this Assignment.  Borrower shall not
be relieved of Borrower’s obligations hereunder by reason of (a) the failure of
Lender to comply with any request of Borrower or any other party to take any
action to enforce any of the provisions hereof or of the Loan Agreement, the
Note or the other Loan Documents, (b) the release regardless of consideration,
of the whole or any part of the Property, or (c) any agreement or stipulation
by Lender extending the time of payment or otherwise modifying or supplementing
the terms of this Assignment, the Loan Agreement, the Note, or the other Loan
Documents.  Lender may resort for the
payment of the Debt to any other security held by Lender in such order and
manner as Lender, in its discretion, may elect. 
Lender may take any action to recover the Debt, or any portion thereof,
or to enforce any covenant hereof without prejudice to the right of Lender
thereafter to enforce its rights under this Assignment.  The rights of Lender under this Assignment
shall be separate, distinct and cumulative and none shall be given effect to
the exclusion of the others.  No act of
Lender shall be construed as an election to proceed under any one provision
herein to the exclusion of any other provision.

Section 3.5.            Bankruptcy. 
(a)  Upon the occurrence of an
Event of Default, Lender shall have the right to proceed in its own name or in
the name of Borrower in respect of any claim, suit, action or proceeding
relating to the rejection of any Lease, including, without limitation, the
right to file and prosecute, to the exclusion of Borrower, any proofs of claim,
complaints, motions, applications, notices and other documents, in any case in
respect of the lessee under such Lease under the Bankruptcy Code.

(b)           If
there shall be filed by or against Borrower a petition under the Bankruptcy
Code, and Borrower, as lessor under any Lease, shall determine to reject such
Lease pursuant to Section 365(a) of the Bankruptcy Code, then Borrower shall
give Lender not less than ten (10) days’ prior notice of the date on which
Borrower shall apply to the bankruptcy 

 5
 

court for authority to reject the Lease.  Lender shall have the right, but not the
obligation, to serve upon Borrower within such ten-day period a notice stating
that (i) Lender demands that Borrower assume and assign the Lease to Lender
pursuant to Section 365 of the Bankruptcy Code and (ii) Lender covenants to
cure or provide adequate assurance of future performance under the Lease.  If Lender serves upon Borrower the notice
described in the preceding sentence, Borrower shall not seek to reject the
Lease and shall comply with the demand provided for in clause (i) of the preceding
sentence within thirty (30) days after the notice shall have been given,
subject to the performance by Lender of the covenant provided for in clause
(ii) of the preceding sentence.

ARTICLE
4. 

NO LIABILITY, FURTHER ASSURANCES

Section 4.1.            No Liability of Lender. 
This Assignment shall not be construed to bind Lender to the performance
of any of the covenants, conditions or provisions contained in any Lease or
Lease Guaranty or otherwise impose any obligation upon Lender.  Lender shall not be liable for any loss
sustained by Borrower resulting from Lender’s failure to let the Property after
an Event of Default or from any other act or omission of Lender in managing the
Property after an Event of Default unless such loss is caused by gross
negligence, the willful misconduct or bad faith of Lender.  Lender shall not be obligated to perform or
discharge any obligation, duty or liability under the Leases or any Lease
Guaranties or under or by reason of this Assignment and Borrower shall, and
hereby agrees to, indemnify Lender for, and to hold Lender harmless from, any
and all liability, loss or damage which may or might be incurred under the
Leases, any Lease Guaranties or under or by reason of this Assignment and from
any and all claims and demands whatsoever, including the defense of any such
claims or demands which may be asserted against Lender by reason of any alleged
obligations and undertakings on its part to perform or discharge any of the
terms, covenants or agreements contained in the Leases or any Lease
Guaranties.  Should Lender incur any such
liability, the amount thereof, including costs, expenses and reasonable
attorneys’ fees, shall be secured by this Assignment and the other Loan
Documents and Borrower shall reimburse Lender therefor immediately upon demand
and upon the failure of Borrower so to do Lender may, at its option, to the
extent permitted by applicable law, declare all sums secured by this Assignment
and the other Loan Documents immediately due and payable.  This Assignment shall not operate to place
any obligation or liability for the control, care, management or repair of the
Property upon Lender, nor for the carrying out of any of the terms and
conditions of the Leases or any Lease Guaranties; nor shall it operate to make
Lender responsible or liable for any waste committed on the Property by the
tenants or any other parties, or for any dangerous or defective condition of
the Property including, without limitation, the presence of any Hazardous
Substances (as defined in the Environmental Indemnity), or for any negligence
in the management, upkeep, repair or control of the Property resulting in loss
or injury or death to any tenant, licensee, employee or stranger.

Section 4.2.            No Mortgagee in Possession. 
Nothing herein contained shall be construed as constituting Lender a “mortgagee
in possession” in the absence of the taking of actual possession of the
Property by Lender.  In the exercise of
the powers herein granted Lender, no liability shall be asserted or enforced
against Lender, all such liability being expressly waived and released by
Borrower.

 6
 

Section 4.3.            Further Assurances. 
Borrower will, at the cost of Borrower, and without expense to Lender,
do, execute, acknowledge and deliver all further acts, conveyances,
assignments, notices of assignments, transfers and assurances as Lender shall,
from time to time, require for the better assuring, conveying, assigning,
transferring and confirming unto Lender the property and rights hereby assigned
or intended now or hereafter so to be, or which Borrower may be or may
hereafter become bound to convey or assign to Lender, or for carrying out the
intention or facilitating the performance of the terms of this Assignment or
for filing, registering or recording this Assignment and, on demand, will
execute and deliver and hereby authorizes Lender to execute in the name of
Borrower to the extent Lender may lawfully do so, one or more financing
statements, chattel mortgages or comparable security instruments, to evidence
more effectively the lien and security interest hereof in and upon the Leases.

ARTICLE
5. 

MISCELLANEOUS PROVISIONS

Section 5.1.            No Oral Change. 
This Assignment and any provisions hereof may not be modified, amended,
waived, extended, changed, discharged or terminated orally, or by any act or
failure to act on the part of Borrower or Lender, but only by an agreement in
writing signed by the party against whom the enforcement of any modification,
amendment, waiver, extension, change, discharge or termination is sought.

Section 5.2.            Defined Terms. 
All capitalized terms not defined herein shall have the respective
meanings set forth in the Loan Agreement.

Section 5.3.            General Definitions. 
Unless the context clearly indicates a contrary intent or unless
otherwise specifically provided herein, words used in this Assignment may be
used interchangeably in singular or plural form and the word “Borrower” shall
mean “each Borrower and any subsequent owner or owners of the Property or any
part thereof or interest therein,” the word “Lender” shall mean “Lender and any
subsequent holder of the Note, the word “Note” shall mean “the Note and any
other evidence of indebtedness secured by the Loan Agreement, the word “Property”
shall include any portion of the Property and any interest therein, the phrases
“attorneys’ fees”, “legal fees” and “counsel fees” shall include any and all
attorney’s, paralegal and law clerk fees and disbursements, including, but not
limited to, fees and disbursements at the pre-trial, trial and appellate levels
incurred or paid by Lender in protecting its interest in the Property, the
Leases and the Rents and enforcing its rights hereunder; whenever the context
may require, any pronouns used herein shall include the corresponding
masculine, feminine or neuter forms, and the singular form of nouns and
pronouns shall include the plural and vice versa.  Terms used herein that are defined in Article
8 and Article 9 of the UCC and not otherwise defined herein or by reference
herein have the meaning assigned to such terms therein.

Section 5.4.            Inapplicable Provisions.  If
any term, covenant or condition of this Assignment is held to be invalid,
illegal or unenforceable in any respect, this Assignment shall be construed
without such provision.

Section 5.5.            Governing Law. 
This Assignment shall be governed in accordance with the terms and
provisions of Section 10.3 of the Loan Agreement.

 7
 

Section 5.6.            Termination of Assignment. 
Upon indefeasible repayment in full of the Debt, this Assignment shall
be deemed automatically terminated and of no further force or effect.

Section 5.7.            Notices. 
All notices or other written communications hereunder shall be delivered
in accordance with Section 10.6 of the Loan Agreement.

Section 5.8.            Waiver
of Trial by Jury.  BORROWER HEREBY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY LAW, THE RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR
COUNTERCLAIM, WHETHER IN CONTRACT, TORT OR OTHERWISE, RELATING DIRECTLY OR
INDIRECTLY TO THIS ASSIGNMENT, THE NOTE, OR THE OTHER LOAN DOCUMENTS OR ANY
ACTS OR OMISSIONS OF LENDER, ITS OFFICERS, EMPLOYEES, DIRECTORS OR AGENTS IN
CONNECTION THEREWITH.

Section 5.9.            Exculpation. 
The provisions of Section 9.4 of the Loan Agreement are hereby
incorporated by reference into this Assignment to the same extent and with the
same force as if fully set forth herein.

Section 5.10.          Successors and Assigns. 
This Assignment shall be binding upon and inure to the benefit of
Borrower and Lender and their respective successors and assigns forever.

Section 5.11.          Headings, Etc.  The headings and captions of various
paragraphs of this Assignment are for convenience of reference only and are not
to be construed as defining or limiting, in any way, the scope or intent of the
provisions hereof.

Section 5.12.          Joint and Several Liability. If Borrower consists of more than one Person,
the obligations and liabilities of each such Person shall be joint and several.

[NO FURTHER TEXT
ON THIS PAGE]

 8

 

IN WITNESS WHEREOF, Borrower has executed
this Assignment as of the day and year first above written.

	
  BORROWER:

  	
  PH FEE OWNER LLC, a Delaware limited liability
  company

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
  OPBIZ, L.L.C., a Nevada limited liability company

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

	
  STATE OF

  	
   

  	
  )

  
	
   

  	
   

  	
  ) ss.

  
	
  County of

  	
   

  	
  )

  

 

This instrument was acknowledged
before me on                  ,
200   , by                           ,
as                      
of                        ,
a[n]                      
limited liability company, on behalf of such company.

(SEAL)

	
  

  	
   

  
	
   

  	
  Notary Public

  
	
  My commission will expire:

  	
   

  
	
   

  	
   

  

 

	
  STATE OF

  	
   

  	
  )

  
	
   

  	
   

  	
  ) ss.

  
	
  County of

  	
   

  	
  )

  

 

This instrument was acknowledged
before me on                  ,
200   , by                           ,
as                      
of                        ,
a[n]                      
limited liability company, on behalf of such company.

(SEAL)

	
  

  	
   

  
	
   

  	
  Notary Public

  
	
  My commission will expire:

  	
   

  
	
   

  	
   

  

 

EXHIBIT A

Legal Description
of Property

PARCEL ONE (1):

EXPLANATION:

THIS LEGAL DESCRIBES
PARCEL NE AS SHOWN IN FILE 111, PAGE 85 OF SURVEYS ON FILE AT THE CLARK COUNTY,
NEVADA RECORDER’S OFFICE.

LEGAL DESCRIPTION

PARCEL NE

A PORTION OF LOT 1 AS
SHOWN IN THAT CERTAIN FINAL MAP ENTITLED “THE ALADDIN COMMERCIAL SUBDIVISION:
AS RECORDED IN BOOK 96, PAGE 33 OF PLATS ON FILE AT THE CLARK COUNTY, NEVADA
RECORDER’S OFFICE AND LYING WITHIN THE NORTHWEST QUARTER (NW 1⁄4) OF SECTION 21,
TOWNSHIP 21 SOUTH, RANGE 61 EAST, M.D.M., CLARK COUNTY, NEVADA, MORE
PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE
SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1⁄4) OF SAID SECTION 21, THENCE
NORTH 01°28’29” WEST, ALONG THE WEST LINE OF THE NORTHWEST QUARTER (NW 1⁄4) OF
SAID SECTION 21, A DISTANCE OF 1175.72 FEET TO A POINT ON THE WESTERLY
PROLONGATION OF THE NORTH LINE OF SAID LOT 1, THENCE ALONG SAID WESTERLY
PROLONGATION, NORTH 89°23’20” EAST, 107.55 FEET TO A POINT ON THE EASTERLY
RIGHT-OF-WAY OF LAS VEGAS BOULEVARD SOUTH; THENCE CONTINUING ALONG THE NORTH
LINE OF SAID LOT 1, NORTH 89°23’20” EAST, 1203.33 FEET TO THE POINT OF
BEGINNING; THENCE CONTINUING NORTH 89°23’20” EAST, 252.84 FEET TO THE WESTERLY
RIGHT-OF-WAY OF AUDRIE LANE; THENCE ALONG SAID WESTERLY RIGHT-OF-WAY, SOUTH 00°36’40”
EAST, 141.47 FEET; THENCE DEPARTING SAID WESTERLY RIGHT-OF-WAY, SOUTH 89°23’20”
WEST, 252.84 FEET; THENCE NORTH 00°36’40” WEST, 141.47 FEET TO THE POINT OF
BEGINNING.

PARCEL TWO (2):

EXPLANATION:

THIS LEGAL DESCRIBES
PARCEL ND AS SHOWN IN FILE 111, PAGE 86 OF SURVEYS ON FILE AT THE CLARK COUNTY,
NEVADA RECORDER’S OFFICE.

LEGAL DESCRIPTION

PARCEL ND

A PORTION OF LOT 1 AS
SHOWN IN THAT CERTAIN FINAL MAP ENTITLED “THE ALADDIN COMMERCIAL SUBDIVISION”
AS RECORDED IN BOOK 96 PAGE 33 OF PLATS ON FILE AT THE CLARK COUNTY, NEVADA
RECORDER’S OFFICE AND LYING WITHIN THE NORTHWEST QUARTER (NW 1⁄4) OF SECTION 21,
TOWNSHIP 21 SOUTH, RANGE 61 EAST, M.D.M., CLARK COUNTY, NEVADA MORE
PARTICULARLY 

DESCRIBED AS FOLLOWS:

COMMENCING AT THE
SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1⁄4) OF SAID SECTION 21, THENCE
NORTH 01°28’29” WEST, ALONG THE WEST LINE OF THE NORTHWEST QUARTER (NW 1⁄4) OF
SAID SECTION 21, A DISTANCE OF 1175.72 FEET TO A POINT ON THE WESTERLY
PROLONGATION OF THE NORTH LINE OF SAID LOT 1; THENCE ALONG SAID WESTERLY
PROLONGATION, NORTH 89°23’20” EAST, 107.55 FEET TO A POINT ON THE EASTERLY
RIGHT-OF-WAY OF LAS VEGAS BOULEVARD SOUTH, THENCE CONTINUING ALONG THE NORTH
LINE OF SAID LOT 1, NORTH 89°23’20” EAST, 995.09 FEET TO THE POINT OF
BEGINNING; THENCE CONTINUING NORTH 89°23’20” EAST, 208.25. FEET; THENCE SOUTH
00°36’40” EAST 130.25 FEET; THENCE SOUTH 89°27’06” WEST, 206.64 FEET; THENCE
NORTH 00°24’51” WEST, 74.89 FEET; THENCE SOUTH 89°26’04” WEST 1.87 FEET; THENCE
NORTH 00°36’40” WEST, 55.14 FEET TO THE POINT OF BEGINNING.

PARCEL THREE (3):

EXPLANATION:

THIS LEGAL DESCRIBES
PARCEL NA18 AS SHOWN IN FILE 111, PAGE 96 OF SURVEYS ON FILE AT THE CLARK
COUNTY, NEVADA RECORDER’S OFFICE.

LEGAL DESCRIPTION:

PARCEL NA18:

A PORTION OF LOT 1 AS
SHOWN IN THAT CERTAIN FINAL MAP ENTITLED “THE ALADDIN COMMERCIAL SUBDIVISION”
AS RECORDED IN BOOK 96, PAGE 33 OF PLATS ON FILE AT THE CLARK COUNTY, NEVADA
RECORDER’S OFFICE AND LYING WITHIN THE NORTHWEST QUARTER (NW 1/4) OF SECTION
21, TOWNSHIP 21 SOUTH, RANGE 61 EAST, M.D.M., CLARK COUNTY, NEVADA, MORE
PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE
SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 21 BEING A
POINT ON THE CENTERLINE OF HARMON AVENUE; THENCE NORTH 89°31’10” EAST, 315.36
FEET ALONG THE SOUTH LINE OF SAID NORTHWEST QUARTER (NW 1/4) AND THE CENTERLINE
OF SAID HARMON AVENUE; THENCE DEPARTING SAID SOUTH LINE AND STREET CENTERLINE,
NORTH 00°36’27” WEST, 64.70 FEET TO THE NORTHERLY RIGHT-OF-WAY OF SAID HARMON
AVENUE; THENCE DEPARTING SAID NORTHERLY RIGHT-OF-WAY AND CONTINUING NORTH 00°36’27”
WEST, 155.30 FEET; THENCE NORTH 89°31’10” EAST, 365.00 FEET; THENCE NORTH 00°36’27”
WEST, 150.00 FEET; THENCE SOUTH 89°31’10” WEST, 392.23 FEET; THENCE NORTH 00°28’50”
WEST, 177.37 FEET TO THE POINT OF BEGINNING; THENCE NORTH 00°58’05” WEST, 13.50
FEET; THENCE NORTH 89°26’34” EAST, 13.10 FEET; THENCE SOUTH 00°19’14” WEST,
2.01 FEET; THENCE NORTH 88°58’21” EAST, 2.57 FEET; THENCE SOUTH 00°44’18” EAST,
10.88 FEET; THENCE SOUTH 87°09’13” WEST, 15.58 FEET TO THE POINT OF BEGINNING.

PARCEL NA18 HAS A LOWER
PLANE ELEVATION OF 2134.29 FEET AND AN UPPER PLANE ELEVATION OF 2144.29 FEET.

PARCEL FOUR (4):

EXPLANATION

 3
 

THIS LEGAL DESCRIBES
PARCEL NA17 AS SHOWN IN FILE 111, PAGE 97 OF SURVEYS ON FILE AT THE CLARK
COUNTY, NEVADA RECORDER’S OFFICE.

LEGAL DESCRIPTION:

PARCEL NA17

A PORTION OF LOT 1 AS
SHOWN IN THAT CERTAIN FINAL MAP ENTITLED “THE ALADDIN COMMERCIAL SUBDIVISION”
AS RECORDED IN BOOK 96, PAGE 33 OF PLATS ON FILE AT THE CLARK COUNTY, NEVADA
RECORDER’S OFFICE AND LYING WITHIN THE NORTHWEST QUARTER (NW 1/4) OF SECTION
21, TOWNSHIP 21 SOUTH, RANGE 61 EAST, M.D.M., CLARK COUNTY, NEVADA, MORE
PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE
SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 21 BEING A
POINT ON THE CENTERLINE OF HARMON AVENUE; THENCE ALONG THE SOUTH LINE OF THE
NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 21 AND THE CENTERLINE OF SAID HARMON
AVENUE, NORTH 89°31’10” EAST, 315.36 FEET; THENCE DEPARTING SAID SOUTH LINE AND
STREET CENTERLINE, NORTH 00°36’27” WEST, 64.70 FEET TO THE NORTHERLY
RIGHT-OF-WAY OF SAID HARMON AVENUE; THENCE DEPARTING SAID NORTHERLY
RIGHT-OF-WAY AND CONTINUING NORTH 00°36’27” WEST, 155.30 FEET; THENCE NORTH
89°31’10” EAST, 365.00 FEET; THENCE NORTH 00°36’27” WEST, 150.00 FEET; THENCE
SOUTH 89°31’10” WEST, 590.00 FEET TO THE EAST RIGHT-OF-WAY OF LAS VEGAS
BOULEVARD SOUTH; THENCE ALONG SAID EAST RIGHT-OF-WAY, NORTH 00°36’27” WEST,
190.49 FEET; THENCE DEPARTING SAID EAST RIGHT-OF-WAY, NORTH 89°23’33” EAST,
125.51 FEET TO THE POINT OF BEGINNING; THENCE NORTH 89°26’17” EAST, 28.49 FEET;
THENCE SOUTH 00°22’17” EAST, 17.42 FEET; THENCE SOUTH 88°42’49” WEST, 7.89
FEET; THENCE NORTH 00°41’59” WEST, 10.28 FEET; THENCE SOUTH 88°57’02” WEST,
20.52 FEET; THENCE NORTH 00°33’51” WEST, 7.41 FEET TO THE POINT OF BEGINNING.

PARCEL NA17 HAS A LOWER
PLANE ELEVATION OF 2134.29 FEET AND AN UPPER PLANE ELEVATION OF 2144.29 FEET.

PARCEL FIVE (5):

EXPLANATION:

THIS LEGAL DESCRIBES
PARCEL NA7 AS SHOWN IN FILE 111, PAGE 98 OF SURVEYS ON FILE AT THE CLARK COUNTY,
NEVADA RECORDER’S OFFICE.

LEGAL DESCRIPTION:

PARCEL NA7

A PORTION OF LOT 1 AS
SHOWN IN THAT CERTAIN FINAL MAP ENTITLED “THE ALADDIN COMMERCIAL SUBDIVISION”
AS RECORDED IN BOOK 96, PAGE 33 OF PLATS ON FILE AT THE CLARK COUNTY, NEVADA
RECORDER’S OFFICE AND LYING WITHIN A PORTION OF THE NORTHWEST QUARTER (NW 1/4)
OF SECTION 21, TOWNSHIP 21 SOUTH, RANGE 61 EAST, M.D.M., CLARK COUNTY, NEVADA,
MORE PARTICULARLY DESCRIBED AS FOLLOWS:

 4
 

COMMENCING AT THE
SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 21 BEING A
POINT ON THE CENTERLINE OF HARMON AVENUE; THENCE NORTH 89°31’10” EAST ALONG THE
SOUTH LINE OF THE NORTHWEST CORNER OF SAID SECTION 21 AND THE CENTERLINE OF
SAID HARMON AVENUE, 315.36 FEET; THENCE DEPARTING SAID SOUTH LINE AND STREET CENTERLINE,
NORTH 00°36’27” WEST, 64.70 FEET TO THE NORTHERLY RIGHT-OF-WAY OF SAID HARMON
AVENUE; THENCE DEPARTING SAID NORTHERLY RIGHT-OF-WAY AND CONTINUING NORTH 00°36’27”
WEST, 155.30 FEET; THENCE NORTH 89°31’10” EAST, 365.00 FEET; THENCE NORTH 00°36’27”
WEST, 150.00 FEET; THENCE SOUTH 89°31’10” WEST, 590.00 FEET TO A POINT ON THE
EASTERLY RIGHT-OF-WAY OF LAS VEGAS BOULEVARD SOUTH; THENCE ALONG SAID EASTERLY
RIGHT-OF-WAY, NORTH 00°36’27” WEST, 416.51 FEET; THENCE DEPARTING SAID EASTERLY
RIGHT-OF-WAY, NORTH 89°23’33” EAST, 436.67 FEET TO THE POINT OF BEGINNING;
THENCE NORTH 45°12’47” EAST, 2.26 FEET; THENCE NORTH 24°20’07” EAST, 42.08
FEET; THENCE NORTH 65°15’05” EAST, 17.37 FEET; THENCE NORTH 89°21’48” EAST,
43.37 FEET; THENCE NORTH 59°33’09” EAST, 33.81 FEET; THENCE NORTH 72°29’03”
EAST, 59.84 FEET; THENCE SOUTH 64°39’13” EAST, 13.45 FEET; THENCE SOUTH 55°25’35”
WEST, 9.45 FEET; THENCE SOUTH 25°15’30” EAST, 8.73 FEET; THENCE SOUTH 24°28’49”
WEST, 13.76 FEET; THENCE NORTH 65°40’35” WEST, 7.37 FEET; THENCE SOUTH 23°19’04”
WEST, 29.88 FEET; THENCE NORTH 64°56’42” WEST, 25.44 FEET; THENCE SOUTH 60°12’34”
WEST, 4.24 FEET; THENCE SOUTH 24°17’28” WEST, 15.74 FEET; THENCE SOUTH 64°37’10”
EAST, 18.23 FEET; THENCE SOUTH 24°13’36” WEST, 16.26 FEET; THENCE NORTH 65°46’24”
WEST, 34.86 FEET; THENCE SOUTH 89°24’55” WEST, 56.22 FEET; THENCE SOUTH 64°19’48”
WEST, 36.37 FEET; THENCE NORTH 45°48’06” WEST, 5.16 FEET TO THE POINT OF
BEGINNING.

PARCEL NA7 HAS A LOWER
PLANE ELEVATION OF 2134.29 FEET AND AN UPPER PLANE ELEVATION OF 2144.29 FEET.

PARCEL SIX (6):

EXPLANATION:

THIS LEGAL DESCRIBES
PARCEL NA5 AS SHOWN IN FILE 111, PAGE 99 OF SURVEYS ON FILE AT THE CLARK
COUNTY, NEVADA RECORDER’S OFFICE.

LEGAL DESCRIPTION:

PARCEL NA5

A PORTION OF LOT 1 AS
SHOWN IN THAT CERTAIN FINAL MAP ENTITLED “THE ALADDIN COMMERCIAL SUBDIVISION”
AS RECORDED IN BOOK 96, PAGE 33 OF PLATS ON FILE AT THE CLARK COUNTY, NEVADA
RECORDER’S OFFICE AND LYING WITHIN A PORTION OF THE NORTHWEST QUARTER (NW 1/4)
OF SECTION 21, TOWNSHIP 21 SOUTH, RANGE 61 EAST, M.D.M., CLARK COUNTY, NEVADA,
MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE
SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 21 BEING A
POINT ON THE CENTERLINE OF HARMON AVENUE; THENCE NORTH 89°31’10” EAST ALONG THE
SOUTH LINE OF THE NORTHWEST CORNER OF SAID SECTION 21 AND THE CENTERLINE OF
SAID HARMON AVENUE, 315.36 FEET; THENCE DEPARTING SAID SOUTH LINE AND STREET
CENTERLINE, NORTH 00°36’27” WEST, 64.70 FEET TO THE NORTHERLY 

 5
 

RIGHT-OF-WAY OF SAID
HARMON AVENUE; THENCE DEPARTING SAID NORTHERLY RIGHT-OF-WAY AND CONTINUING
NORTH 00°36’27” WEST, 155.30 FEET; THENCE NORTH 89°31’10” EAST, 365.00 FEET;
THENCE NORTH 00°36’27” WEST, 150.00 FEET; THENCE SOUTH 89°31’10” WEST, 433.44
FEET; THENCE NORTH 00°45’37” WEST, 132.98 FEET; THENCE NORTH 89°23’33” EAST,
79.88 FEET TO THE POINT OF BEGINNING; THENCE NORTH 62°47’57” EAST, 6.33 FEET;
THENCE SOUTH 25°54’06” EAST, 7.11 FEET; THENCE SOUTH 62°47’57” WEST, 2.09 FEET;
THENCE SOUTH 00°03’19” EAST, 2.47 FEET TO A POINT HEREINAFTER REFERRED TO AS POINT
NO 1; THENCE CONTINUING SOUTH 00°03’19” EAST, 23.04 FEET; THENCE SOUTH 89°37’20”
WEST, 6.88 FEET; THENCE NORTH 00°03’19” WEST, 22.98 FEET TO A POINT HEREINAFTER
REFERRED TO AS POINT NO. 2; THENCE CONTINUING NORTH 00°03’19” WEST, 7.03 FEET
TO THE POINT OF BEGINNING.

THE ABOVE DESCRIBED AREA
HAS A LOWER PLANE ELEVATION OF 2134.29 FEET AND AN UPPER PLANE ELEVATION OF
2144.29 FEET.

EXCEPTING THEREFROM THE
FOLLOWING DESCRIBED AREA: BEGINNING AT THE AFOREMENTIONED POINT NO. 2; THENCE
NORTH 89°08’33’ EAST, 6.88 FEET TO THE AFOREMENTIONED POINT NO. 1; THENCE SOUTH
00°03’19” EAST, A SLOPE DISTANCE OF 18.59 FEET AT A VERTICAL ANGLE ABOVE THE
HORIZON OF 32°32’40” TO A POINT HEREINAFTER REFERRED TO AS POINT NO. 3; THENCE
SOUTH 89°08’33” WEST 6.88 FEET; THENCE NORTH 00°03’19” WEST, A SLOPE DISTANCE
OF 18.59 FEET AT A VERTICAL ANGLE BELOW THE HORIZON OF 32°32’40” TO THE POINT
OF BEGINNING.

THE ABOVE DESCRIBED AREA
HAS A LOWER PLANE ELEVATION OF 2134.29 FEET AND AN UPPER PLANE ELEVATION OF
2144.29 FEET.

EXCEPTING THEREFROM THE
FOLLOWING DESCRIBED AREA:

BEGINNING AT THE
AFOREMENTIONED POINT NO. 3; THENCE SOUTH 00°03’19” EAST, 7.37 FEET; THENCE
SOUTH 89°37’20” WEST, 6.88 FEET; THENCE NORTH 00°03’19” WEST, 7.31 FEET; THENCE
NORTH 89°08’33” EAST, 6.88 FEET TO THE POINT OF BEGINNING.

THE ABOVE DESCRIBED AREA
HAS A LOWER PLANE ELEVATION OF 2134.29 FEET AND AN UPPER PLANE ELEVATION OF
2144.29 FEET.

PARCEL SEVEN (7):

EXPLANATION:

THIS LEGAL DESCRIBES
PARCEL NA16 AS SHOWN IN FILE 111, PAGE 100 OF SURVEYS ON FILE AT THE CLARK
COUNTY, NEVADA RECORDER’S OFFICE.

LEGAL DESCRIPTION

PARCEL NA16

A PORTION OF LOT 1 AS
SHOWN IN THAT CERTAIN FINAL MAP ENTITLED “THE ALADDIN COMMERCIAL SUBDIVISION”
AS RECORDED IN BOOK 96, PAGE 33 OF PLATS ON FILE AT THE CLARK COUNTY, NEVADA
RECORDER’S OFFICE AND LYING WITHIN A PORTION OF THE NORTHWEST QUARTER (NW 1/4)
OF SECTION 21, TOWNSHIP 21 SOUTH, RANGE 61 EAST, M.D.M., CLARK COUNTY, NEVADA,
MORE 

 6
 

PARTICULARLY DESCRIBED AS
FOLLOWS:

COMMENCING AT THE
SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 21 BEING A
POINT ON THE CENTERLINE OF HARMON AVENUE; THENCE NORTH 89°31’10” EAST ALONG THE
SOUTH LINE OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 21 AND THE
CENTERLINE OF SAID HARMON AVENUE, 315.36 FEET; THENCE NORTH 00°36’27” WEST,
64.70 FEET TO THE NORTHERLY RIGHT-OF-WAY OF HARMON AVENUE; THENCE DEPARTING
SAID NORTHERLY RIGHT-OF-WAY AND CONTINUING NORTH 00°36’27” WEST, 155.30 FEET;
THENCE NORTH 89°31’10” EAST, 365.00 FEET; THENCE NORTH 00°36’27” WEST, 150.00
FEET; THENCE SOUTH 89°31’10” WEST, 590.00 FEET TO THE EAST RIGHT-OF-WAY OF LAS
VEGAS BOULEVARD SOUTH; THENCE ALONG SAID EAST RIGHT-OF-WAY, NORTH 00°36’27”
WEST, 691.42 FEET; THENCE NORTH 00°54’27” WEST, ALONG SAID EAST RIGHT-OF-WAY
114.38 FEET; THENCE DEPARTING SAID EAST RIGHT-OF-WAY, NORTH 89°23’20” EAST,
372.54 FEET; THENCE SOUTH 00°36’40” EAST, 55.06 FEET TO THE POINT OF BEGINNING;
THENCE SOUTH 00°46’32” EAST, 8.53 FEET; THENCE SOUTH 89°25’26” WEST, 25.25
FEET; THENCE SOUTH 00°38’15” EAST, 26.32 FEET TO A POINT HEREINAFTER REFERRED
TO AS POINT NO. 1; THENCE SOUTH 00°36’55” EAST, 15.65 FEET; THENCE SOUTH 89°21’31”
WEST, 11.73 FEET; THENCE NORTH 00°38’29” WEST, 2.45 FEET; THENCE SOUTH 89°23’05”
WEST, 91.95 FEET; THENCE SOUTH 00°38’29” EAST, 2.51 FEET; THENCE SOUTH 89°21’31”
WEST, 10.51 FEET; THENCE NORTH 00°36’55” WEST, 15.67 FEET TO A POINT
HEREINAFTER REFERRED TO AS POINT NO. 2; THENCE NORTH 00°36’55” WEST, 48.54
FEET; THENCE NORTH 89°16’02” EAST, 13.84 FEET; THENCE SOUTH 00°46’36” EAST,
13.48 FEET; THENCE SOUTH 89°28’45” WEST, 2.88 FEET; THENCE SOUTH 00°38’29”
EAST, 25.56 FEET; THENCE NORTH 89°21’31” EAST, 91.45 FEET; THENCE NORTH 00°38’29”
WEST, 25.37 FEET; THENCE NORTH 89°28’45” EAST, 36.96 FEET TO THE POINT OF
BEGINNING.

PARCEL NA16 HAS A LOWER
PLANE ELEVATION OF 2134.29 FEET AND AN UPPER PLANE ELEVATION OF 2144.29 FEET.

EXCEPTING THEREFROM THE
FOLLOWING DESCRIBED AREA:

BEGINNING AT THE
AFOREMENTIONED POINT NO. 1; THENCE SOUTH 00°36’55” EAST, A SLOPE DISTANCE OF
18.57 FEET AT A VERTICAL ANGLE ABOVE THE HORIZON OF 32°32’40”; THENCE SOUTH
89°21’31” WEST, 11.73 FEET; THENCE NORTH 00°38’29” WEST, A SLOPE DISTANCE OF
18.57 FEET AT A VERTICAL ANGLE BELOW THE HORIZON OF 32°32’40”; THENCE NORTH
89°23’05” EAST, 11.73 FEET TO THE POINT OF BEGINNING.

THE ABOVE DESCRIBED AREA
HAS A LOWER PLANE ELEVATION OF 2134.29 FEET AND AN UPPER PLANE ELEVATION OF
2144.29 FEET.

EXCEPTING THEREFROM THE
FOLLOWING DESCRIBED AREA:

BEGINNING AT THE
AFOREMENTIONED POINT NO. 2; THENCE NORTH 89°21’31” EAST, 10.51 FEET; THENCE
SOUTH 00°38’29” EAST, A SLOPE DISTANCE OF 18.57 FEET AT A VERTICAL ANGLE ABOVE
THE HORIZON OF 32°32’40”; THENCE SOUTH 89°21’31” WEST, 10.51 FEET; THENCE NORTH
00°36’55” WEST, A SLOPE DISTANCE OF 18.57 FEET AT A VERTICAL ANGLE BELOW THE
HORIZON OF 32°32’40” TO THE POINT OF BEGINNING.

THE ABOVE DESCRIBED AREA
HAS A LOWER PLANE ELEVATION OF 2134.29 FEET 

 7
 

AND AN UPPER PLANE
ELEVATION OF 2144.29 FEET.

PARCEL EIGHT (8):

EXPLANATION:

THIS LEGAL DESCRIBES
PARCEL NA6 AS SHOWN IN FILE 112, PAGE 01 OF SURVEYS ON FILE AT THE CLARK
COUNTY, NEVADA RECORDER’S OFFICE.

LEGAL DESCRIPTION

PARCEL NA6

A PORTION OF LOT 1 AS
SHOWN IN THAT CERTAIN FINAL MAP ENTITLED “THE ALADDIN COMMERCIAL SUBDIVISION”
AS RECORDED IN BOOK 96, PAGE 33 OF PLATS ON FILE AT THE CLARK COUNTY, NEVADA
RECORDER’S OFFICE AND LYING WITHIN A PORTION OF THE NORTHWEST QUARTER (NW 1/4)
OF SECTION 21, TOWNSHIP 21 SOUTH, RANGE 61 EAST, M.D.M., CLARK COUNTY, NEVADA,
MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE
SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 21 BEING A
POINT ON THE CENTERLINE OF HARMON AVENUE; THENCE NORTH 89°31’10” EAST ALONG THE
SOUTH LINE OF THE NORTHWEST CORNER OF SAID SECTION 21 AND THE CENTERLINE OF
SAID HARMON AVENUE, 315.36 FEET; THENCE DEPARTING SAID SOUTH LINE AND STREET
CENTERLINE, NORTH 00°36’27” WEST, 64.70 FEET TO THE NORTHERLY RIGHT-OF-WAY OF
SAID HARMON AVENUE; THENCE DEPARTING SAID NORTHERLY RIGHT-OF-WAY AND CONTINUING
NORTH 00°36’27” WEST, 155.30 FEET; THENCE NORTH 89°31’10” EAST, 365.00 FEET;
THENCE NORTH 00°36’27” WEST, 150.00 FEET; THENCE SOUTH 89°31’10” WEST, 136.35
FEET; THENCE NORTH 00°36’12” WEST, 60.97 FEET; THENCE NORTH 64°18’14” EAST,
7.27 FEET; THENCE NORTH 00°28’50” WEST, 156.32 FEET TO THE POINT OF BEGINNING;
THENCE NORTH 25°41’08” WEST, 60.80 FEET; THENCE NORTH 64°40’35” EAST, 16.80 FEET;
THENCE NORTH 00°36’39” WEST, 48.88 FEET; THENCE SOUTH 64°25’33” EAST, 5.15
FEET; THENCE SOUTH 80°16’36” EAST, 91.67 FEET; THENCE SOUTH 64°54’45” EAST,
3.97 FEET; THENCE SOUTH 02°40’26” WEST, 23.31 FEET; THENCE SOUTH 03°36’30”
EAST, 27.47 FEET; THENCE SOUTH 10°37’10” EAST, 27.53 FEET; THENCE SOUTH 13°40’17”
EAST, 8.67 FEET; THENCE SOUTH 84°56’14” WEST, 26.94 FEET; THENCE NORTH 00°52’53”
WEST, 61.11 FEET; THENCE SOUTH 89°14’29” WEST, 42.05 FEET; THENCE SOUTH 00°32’12”
EAST, 51.30 FEET; THENCE SOUTH 64°21’04” WEST, 28.09 FEET TO THE POINT OF
BEGINNING.

PARCEL NA6 HAS A LOWER
PLANE ELEVATION OF 2134.29 FEET AND AN UPPER PLANE ELEVATION OF 2144.29 FEET.

PARCEL NINE (9):

EXPLANATION:

THIS LEGAL DESCRIBES
PARCEL NA15 AS SHOWN IN FILE 112, PAGE 02 OF SURVEYS ON FILE AT THE CLARK
COUNTY, NEVADA RECORDER’S OFFICE.

LEGAL DESCRIPTION

 8
 

PARCEL NA15

A PORTION OF LOT 1 AS
SHOWN IN THAT CERTAIN FINAL MAP ENTITLED “THE ALADDIN COMMERCIAL SUBDIVISION”
AS RECORDED IN BOOK 96, PAGE 33 OF PLATS ON FILE AT THE CLARK COUNTY, NEVADA
RECORDER’S OFFICE AND LYING WITHIN A PORTION OF THE NORTHWEST QUARTER (NW 1/4)
OF SECTION 21, TOWNSHIP 21 SOUTH, RANGE 61 EAST, M.D.M., CLARK COUNTY, NEVADA,
MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE
SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 21 BEING A
POINT ON THE CENTERLINE OF HARMON AVENUE; THENCE NORTH 89°31’10” EAST ALONG THE
SOUTH LINE OF THE NORTHWEST CORNER (NW1/4) OF SAID SECTION 21 AND THE
CENTERLINE OF SAID HARMON AVENUE, 315.36 FEET; THENCE DEPARTING SAID SOUTH LINE
AND SAID STREET CENTERLINE, NORTH 00°36’27” WEST, 64.70 FEET TO THE NORTHERLY
RIGHT-OF-WAY OF SAID HARMON AVENUE; THENCE DEPARTING SAID NORTHERLY
RIGHT-OF-WAY AND CONTINUING NORTH 00°36’27” WEST, 155.30 FEET; THENCE NORTH
89°31’10” EAST, 365.00 FEET; THENCE NORTH 00°36’27” WEST, 150.00 FEET; THENCE
SOUTH 89°31’10” WEST, 590.00 FEET TO A POINT ON THE EASTERLY RIGHT-OF-WAY OF
LAS VEGAS BOULEVARD SOUTH; THENCE ALONG SAID EASTERLY RIGHT-OF-WAY, NORTH 00°36’27”
WEST, 691.42 FEET; THENCE NORTH 00°54’27” WEST, 114.38 FEET; THENCE DEPARTING
SAID EASTERLY RIGHT-OF-WAY, NORTH 89°23’20” EAST, 447.36 FEET; THENCE SOUTH
00°36’40” EAST, 55.03 FEET TO THE POINT OF BEGINNING; THENCE NORTH 89°26’12”
EAST, 38.01 FEET; THENCE SOUTH 00°46’32” EAST, 8.60 FEET; THENCE SOUTH 89°05’01”
WEST, 27.96 FEET; THENCE SOUTH 00°14’52” EAST, 39.33 FEET; THENCE SOUTH 87°01’19”
WEST, 3.51 FEET; THENCE SOUTH 24°23’31” WEST, 35.22 FEET; THENCE SOUTH 65°26’29”
EAST, 9.23 FEET TO A POINT HEREINAFTER REFERRED TO AS POINT NO. 1; THENCE
CONTINUING SOUTH 65°26’29” EAST, 16.30 FEET; THENCE SOUTH 24°23’35” WEST, 9.37
FEET; THENCE NORTH 65°36’25” WEST, 21.81 FEET; THENCE NORTH 24°23’35” EAST,
3.89 FEET; THENCE NORTH 65°25’32” WEST, 9.78 FEET; THENCE NORTH 24°22’24” EAST,
38.73 FEET; THENCE NORTH 00°33’30” WEST, 47.51 FEET TO THE POINT OF BEGINNING.

THE ABOVE DESCRIBED AREA
HAS A LOWER PLANE ELEVATION OF 2134.06 FEET AND AN UPPER ELEVATION OF 2144.29
FEET.

EXCEPTING THEREFROM THE
FOLLOWING DESCRIBED AREA:

BEGINNING AT THE
AFOREMENTIONED POINT NO. 1; THENCE SOUTH 65°26’29” EAST, A SLOPE DISTANCE OF
13.26 FEET AT A VERTICAL ANGLE ABOVE THE HORIZON OF 33°57’56” TO A POINT
HEREINAFTER REFERRED TO AS POINT NO. 2; THENCE SOUTH 24°23’35” WEST, 5.53 FEET;
THENCE NORTH 65°29’41” WEST, A SLOPE DISTANCE OF 13.26 FEET AT A VERTICAL ANGLE
BELOW THE HORIZON OF 33°57’56”; THENCE NORTH 24°23’35” EAST, 5.54 FEET TO THE
POINT OF BEGINNING.

THE ABOVE DESCRIBED AREA
HAS A LOWER PLANE OF ELEVATION OF 2134.06 FEET AND AN UPPER PLANE ELEVATION OF
2141.47 FEET.

EXCEPTING THEREFROM THE
FOLLOWING DESCRIBED AREA:

BEGINNING AT THE
AFOREMENTIONED POINT NO. 2; THENCE SOUTH 65°26’29” EAST, 5.30 FEET; THENCE
SOUTH 24°23’35” WEST, 9.37 FEET; THENCE NORTH 65°36’25” WEST, 5.30 FEET TO A
POINT HEREINAFTER REFERRED TO AS POINT NO. 3; 

 9
 

THENCE NORTH 24°23’35”
EAST, 9.37 FEET TO THE POINT OF BEGINNING.

THE ABOVE DESCRIBED AREA
HAS A LOWER PLANE ELEVATION OF 2134.06 FEET AND AN UPPER PLANE ELEVATION OF
2141.47 FEET.

EXCEPTING THEREFROM THE
FOLLOWING DESCRIBED AREA:

BEGINNING AT THE AFOREMENTIONED
POINT NO. 3; THENCE NORTH 65°36’25” WEST, A SLOPE DISTANCE OF 4.69 FEET AT A
VERTICAL ANGLE ABOVE THE HORIZON OF 36°32’38” TO A POINT HEREINAFTER REFERRED
TO AS POINT NO. 4; THENCE NORTH 24°23’35” EAST, 3.86 FEET; THENCE SOUTH 65°29’41”
EAST, A SLOPE DISTANCE OF 4.69 FEET AT A VERTICAL ANGLE BELOW THE HORIZON OF
36°32’38”; THENCE SOUTH 24°23’35” WEST, 3.86 FEET TO THE POINT OF BEGINNING.

THE ABOVE DESCRIBED AREA
HAS A LOWER PLANE ELEVATION OF 2134.06 FEET AND AN UPPER ELEVATION OF 2144.29
FEET.

EXCEPTING THEREFROM THE
FOLLOWING DESCRIBED AREA:

BEGINNING AT THE
AFOREMENTIONED POINT NO. 4; THENCE NORTH 65°36’25” WEST, 12.76 FEET; THENCE
NORTH 24°23’35” EAST, 3.89 FEET; THENCE SOUTH 65°29’41” EAST, 12.76 FEET;
THENCE SOUTH 24°23’35” WEST, 3.86 FEET TO THE POINT OF BEGINNING.

THE ABOVE DESCRIBED AREA
HAS A LOWER PLANE ELEVATION OF 2134.06 FEET AND AN UPPER PLANE ELEVATION OF
2144.29 FEET.

PARCEL TEN (10):

EXPLANATION:

THIS LEGAL DESCRIBES
PARCEL PAT AS SHOWN IN FILE 112, PAGE 04 OF SURVEYS ON FILE AT THE CLARK
COUNTY, NEVADA RECORDER’S OFFICE.

LEGAL DESCRIPTION

PARCEL PAT

A PORTION OF LOT 1 AS
SHOWN IN THAT CERTAIN FINAL MAP ENTITLED “THE ALADDIN COMMERCIAL SUBDIVISION”
AS RECORDED IN BOOK 96, PAGE 33 OF PLATS ON FILE AT THE CLARK COUNTY, NEVADA
RECORDER’S OFFICE AND LYING WITHIN THE NORTHWEST QUARTER (NW 1/4) OF SECTION
21, TOWNSHIP 21 SOUTH, RANGE 61 EAST, M.D.M., CLARK COUNTY, NEVADA, MORE
PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE
SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 21 BEING A
POINT ON THE CENTERLINE OF HARMON AVENUE; THENCE NORTH 89°31’10” EAST ALONG THE
SOUTH LINE OF THE NORTHWEST CORNER (NW 1⁄4) SAID SECTION 21 AND THE CENTERLINE OF
SAID HARMON AVENUE, 315.36 FEET; THENCE DEPARTING SAID SOUTH LINE AND STREET
CENTERLINE, NORTH 00°36’27” WEST, 64.70 FEET TO THE NORTHERLY RIGHT-OF-WAY OF
SAID HARMON AVENUE; THENCE DEPARTING SAID NORTHERLY RIGHT-OF-WAY AND CONTINUING
NORTH 00°36’27” WEST, 155.30 FEET; THENCE NORTH 89°31’10” EAST, 365.00 FEET;
THENCE NORTH 00°36’27” WEST, 

 10
 

150.00 FEET; THENCE NORTH
80°44’46” EAST, 187.61 FEET TO THE POINT OF BEGINNING; THENCE NORTH 02°04’49”
WEST, 38.87 FEET; THENCE SOUTH 89°36’50” WEST, 16.34 FEET; THENCE NORTH 83°50’21”
WEST, 35.70 FEET; THENCE NORTH 75°34’09” WEST, 27.60 FEET; THENCE NORTH 69°25’08”
WEST, 18.35 FEET; THENCE NORTH 62°34’11” WEST, 33.98 FEET; THENCE NORTH 54°17’49”
WEST, 29.97 FEET; THENCE NORTH 46°59’34” WEST, 22.74 FEET; THENCE NORTH 40°08’28”
WEST, 32.00 FEET; THENCE NORTH 33°03’43” WEST, 3.07 FEET; THENCE SOUTH 61°18’57”
WEST, 0.73 FEET; THENCE NORTH 28°46’21” WEST, 38.64 FEET; THENCE NORTH 61°19’02”
EAST, 0.28 FEET; THENCE NORTH 24°57’05” WEST, 12.99 FEET; THENCE NORTH 12°44’50”
WEST, 18.14 FEET; THENCE SOUTH 84°42’26” WEST, 3.21 FEET; THENCE NORTH 13°40’17”
WEST, 8.67 FEET; THENCE NORTH 10°37’10” WEST, 27.53 FEET; THENCE NORTH 03°36’30”
WEST, 27.47 FEET; THENCE NORTH 02°40’26” EAST, 23.31 FEET; THENCE NORTH 64°54’45”
WEST, 3.97 FEET; THENCE NORTH 24°28’49” EAST, 33.82 FEET; THENCE NORTH 65°31’11”
WEST, 4.25 FEET; THENCE NORTH 00°39’39” WEST, 60.07 FEET; THENCE NORTH 89°01’26”
EAST, 19.25 FEET; THENCE SOUTH 65°34’40” EAST, 12.39 FEET; THENCE NORTH 24°25’20”
EAST, 43.25 FEET; THENCE NORTH 66°35’56” WEST, 4.97 FEET; THENCE NORTH 24°06’10”
EAST, 21.38 FEET; THENCE SOUTH 65°48’52” EAST, 7.53 FEET; THENCE NORTH 24°00’35”
EAST, 11.67 FEET; THENCE NORTH 65°10’06” WEST, 7.52 FEET; THENCE NORTH 25°15’30”
WEST, 17.50 FEET; THENCE NORTH 55°25’35” EAST, 30.03 FEET; THENCE NORTH 61°17’00”
EAST, 32.67 FEET; THENCE NORTH 68°21’59” EAST, 31.51 FEET; THENCE NORTH 75°44’49”
EAST, 32.54 FEET; THENCE NORTH 83°01’01” EAST, 33.90 FEET; THENCE SOUTH 86°40’14”
EAST, 59.11 FEET; THENCE SOUTH 75°46’00” EAST, 35.94 FEET; THENCE SOUTH 68°09’42”
EAST, 33.08 FEET; THENCE SOUTH 61°04’29” EAST, 30.30 FEET; THENCE SOUTH 32°30’36”
WEST, 36.71 FEET; THENCE NORTH 54°27’18” WEST, 5.39 FEET; THENCE SOUTH 36°38’59”
WEST, 17.12 FEET; THENCE SOUTH 53°35’09” EAST, 33.83 FEET; THENCE SOUTH 46°47’07”
EAST, 26.51 FEET; THENCE SOUTH 39°34’43” EAST, 26.17 FEET; THENCE NORTH 54°07’26”
EAST, 53.90 FEET; THENCE SOUTH 32°21’53” EAST, 30.56 FEET; THENCE SOUTH 26°23’44”
EAST, 20.09 FEET; THENCE SOUTH 19°10’09” EAST, 42.76 FEET; THENCE SOUTH 75°35’22”
WEST, 38.87 FEET; THENCE SOUTH 10°13’49” EAST, 33.15 FEET; THENCE SOUTH 02°48’12”
EAST, 23.39 FEET; THENCE SOUTH 03°34’14” WEST, 29.14 FEET; THENCE SOUTH 82°45’54”
EAST, 38.91 FEET; THENCE SOUTH 10°51’38” WEST, 30.72 FEET; THENCE SOUTH 18°09’27”
WEST, 32.09 FEET; THENCE SOUTH 25°25’38” WEST, 22.92 FEET; THENCE NORTH 62°57’05”
WEST, 53.76 FEET; THENCE SOUTH 27°25’45” WEST, 9.17 FEET; THENCE SOUTH 32°58’15”
WEST, 24.74 FEET; THENCE SOUTH 39°40’27” WEST, 24.73 FEET; THENCE SOUTH 46°56’53”
WEST, 27.39 FEET; THENCE SOUTH 39°34’42” EAST, 52.83 FEET; THENCE SOUTH 51°59’10”
WEST, 30.54 FEET; THENCE SOUTH 61°07’08” WEST, 33.91 FEET; THENCE SOUTH 69°09’29”
WEST, 30.78 FEET; THENCE SOUTH 75°32’27” WEST, 32.50 FEET; THENCE SOUTH 83°29’29”
WEST, 35.64 FEET TO THE POINT OF BEGINNING.

EXCEPTING THEREFROM
PARCEL NB14 AS SHOWN IN FILE 111, PAGE 94 OF SURVEYS ON FILE AT THE CLARK
COUNTY, NEVADA RECORDER’S OFFICE DESCRIBED AS FOLLOWS:

COMMENCING AT THE
SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 21, BEING A
POINT ON THE CENTERLINE OF HARMON AVENUE; THENCE NORTH 89 °31’10” EAST ALONG
THE SOUTH LINE OF THE NORTHWEST CORNER OF SAID SECTION 21 AND THE CENTERLINE OF
SAID HARMON AVENUE 315.36 FEET; THENCE DEPARTING SAID SOUTH LINE AND STREET
CENTERLINE, NORTH 00 °36’27” WEST, 64.70 FEET TO THE NORTHERLY RIGHT-OF-WAY OF
SAID HARMON AVENUE; THENCE DEPARTING SAID NORTHERLY RIGHT-OF-WAY AND CONTINUING
NORTH 00 °36’27” WEST, 155.30 

 11
 

FEET; THENCE NORTH 89 °31’10”
EAST, 365.00 FEET; THENCE NORTH 00 °36’27” WEST, 150.00 FEET; THENCE SOUTH 89
°31’10” WEST, 590 FEET TO THE EAST RIGHT OF WAY OF LAS VEGAS BOULEVARD SOUTH;
THENCE ALONG SAID EASTERLY RIGHT OF WAY, NORTH 00 °36’27” WEST, 434.07 FEET;
THENCE DEPARTING SAID EASTERLY RIGHT-OF-WAY, NORTH 89 °23’33” EAST, 618.50 FEET
TO THE POINT OF BEGINNING; THENCE NORTH 23 °51’47” EAST, 36.68 FEET; THENCE
SOUTH 68 °09’41” EAST, 46.13 FEET; THENCE SOUTH 21 °50’19” WEST, 19.46 FEET;
THENCE SOUTH 54 °36’20” WEST, 22.48 FEET; THENCE NORTH 65 °22’54” WEST, 35.30
FEET TO THE POINT OF BEGINNING.

PARCEL NB14 HAS AN UPPER
PLANE ELEVATION OF 2117.29 FEET.

PARCEL PAT HAS AN UPPER
ELEVATION OF INFINITY.

PARCEL ELEVEN (11):

EXPLANATION:

THIS LEGAL DESCRIBES
PARCEL NA4 AS SHOWN IN FILE 112, PAGE 05 OF SURVEYS ON FILE AT THE CLARK
COUNTY, NEVADA RECORDER’S OFFICE.

LEGAL DESCRIPTION

PARCEL NA4

A PORTION OF LOT 1 AS
SHOWN IN THAT CERTAIN FINAL MAP ENTITLED “THE ALADDIN COMMERCIAL SUBDIVISION”
AS RECORDED IN BOOK 96, PAGE 33 OF PLATS ON FILE AT THE CLARK COUNTY, NEVADA
RECORDER’S OFFICE AND LYING WITHIN A PORTION OF THE NORTHWEST QUARTER (NW 1/4)
OF SECTION 21, TOWNSHIP 21 SOUTH, RANGE 61 EAST, M.D.M., CLARK COUNTY, NEVADA,
MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE
SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 21 BEING A
POINT ON THE CENTERLINE OF HARMON AVENUE; THENCE NORTH 89°31’10” EAST ALONG THE
SOUTH LINE OF THE NORTHWEST CORNER OF SAID SECTION 21 AND THE CENTERLINE OF
SAID HARMON AVENUE, 315.36 FEET; THENCE DEPARTING SAID SOUTH LINE AND STREET
CENTERLINE, NORTH 00°36’27” WEST, 64.70 FEET TO THE NORTHERLY RIGHT-OF-WAY OF
SAID HARMON AVENUE; THENCE DEPARTING SAID NORTHERLY RIGHT-OF-WAY AND CONTINUING
NORTH 00°36’27” WEST, 155.30 FEET; THENCE NORTH 89°31’10” EAST, 365.00 FEET;
THENCE NORTH 00°36’27” WEST, 150.00 FEET; THENCE SOUTH 89°31’10” WEST, 590.00
FEET TO A POINT ON THE EASTERLY RIGHT-OF-WAY OF LAS VEGAS BOULEVARD SOUTH;
THENCE ALONG SAID EASTERLY RIGHT-OF-WAY, NORTH 00°36’27” WEST, 691.42 FEET;
THENCE NORTH 00°54’27” WEST, 114.38 FEET; THENCE DEPARTING SAID EASTERLY
RIGHT-OF-WAY, NORTH 89°23’20” EAST, 665.61 FEET; THENCE SOUTH 00°35’55” EAST,
39.49 FEET TO THE POINT OF BEGINNING; THENCE NORTH 89°24’05” EAST, 9.64 FEET;
THENCE SOUTH 00°35’39” EAST, 32.12 FEET; THENCE SOUTH 88°57’10” WEST, 9.35
FEET; THENCE NORTH 01°06’33” WEST, 32.19 FEET TO THE POINT OF BEGINNING.

PARCEL NA4 HAS A LOWER
PLANE ELEVATION OF 2117.29 FEET AND AN UPPER PLANE ELEVATION OF 2125.80 FEET.

PARCEL TWELVE (12):

 12

EXPLANATION:

THIS LEGAL DESCRIBES PARCEL NA12 AS SHOWN IN FILE 112, PAGE 06 OF SURVEYS ON
FILE AT THE CLARK COUNTY, NEVADA RECORDER’S OFFICE.

LEGAL DESCRIPTION

PARCEL NA12

A PORTION OF LOT 1 AS SHOWN IN THAT CERTAIN FINAL MAP ENTITLED “THE ALADDIN
COMMERCIAL SUBDIVISION” AS RECORDED IN BOOK 96, PAGE 33 OF PLATS ON FILE AT THE
CLARK COUNTY, NEVADA RECORDER’S OFFICE AND LYING WITHIN A PORTION OF THE
NORTHWEST QUARTER (NW 1/4) OF SECTION 21, TOWNSHIP 21 SOUTH, RANGE 61 EAST,
M.D.M., CLARK COUNTY, NEVADA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1/4) OF SAID
SECTION 21 BEING A POINT ON THE CENTERLINE OF HARMON AVENUE; THENCE NORTH 89°31’10”
EAST ALONG THE SOUTH LINE OF THE NORTHWEST CORNER OF SAID SECTION 21 AND THE
CENTERLINE OF SAID HARMON AVENUE, 315.36 FEET; THENCE DEPARTING SAID SOUTH LINE
AND STREET CENTERLINE, NORTH 00°36’27” WEST, 64.70 FEET TO THE NORTHERLY
RIGHT-OF-WAY OF SAID HARMON AVENUE; THENCE DEPARTING SAID NORTHERLY
RIGHT-OF-WAY AND CONTINUING NORTH 00°36’27” WEST, 155.30 FEET; THENCE NORTH
89°31’10” EAST, 365.00 FEET; THENCE NORTH 00°36’27” WEST, 150.00 FEET; THENCE
SOUTH 89°31’10” WEST, 590.00 FEET TO A POINT ON THE EASTERLY RIGHT-OF-WAY OF
LAS VEGAS BOULEVARD SOUTH; THENCE ALONG SAID EASTERLY RIGHT-OF-WAY, NORTH 00°36’27”
WEST, 691.42 FEET; THENCE NORTH 00°54’27” WEST, 114.38 FEET; THENCE DEPARTING
SAID EASTERLY RIGHT-OF-WAY, NORTH 89°23’20” EAST, 655.01 FEET; THENCE SOUTH
00°35’55” EAST, 38.24 FEET TO THE POINT OF BEGINNING; THENCE NORTH 89°24’05”
EAST, 4.10 FEET; THENCE SOUTH 00°42’53” EAST, 3.25 FEET; THENCE NORTH 89°24’05”
EAST, 5.33 FEET; THENCE SOUTH 00°35’55” EAST, 20.93 FEET; THENCE SOUTH 89°28’24”
WEST, 9.39 FEET; THENCE NORTH 00°42’53” WEST, 24.17 FEET TO THE POINT OF BEGINNING.

PARCEL NA12 HAS A LOWER PLANE ELEVATION OF 2117.29 FEET AND AN UPPER PLANE
ELEVATION OF 2134.29 FEET.

PARCEL THIRTEEN (13):

EXPLANATION:

THIS LEGAL DESCRIBES PARCEL NA13 AS SHOWN IN FILE 112, PAGE 07 OF SURVEYS ON
FILE AT THE CLARK COUNTY, NEVADA RECORDER’S OFFICE.

LEGAL DESCRIPTION

PARCEL NA13

A PORTION OF LOT 1 AS SHOWN IN THAT CERTAIN FINAL MAP ENTITLED “THE ALADDIN
COMMERCIAL SUBDIVISION” AS RECORDED IN BOOK 96, PAGE 33 OF PLATS ON FILE AT THE
CLARK COUNTY, NEVADA RECORDER’S OFFICE AND LYING 

 13
 

WITHIN A PORTION OF THE NORTHWEST QUARTER (NW 1/4) OF SECTION 21,
TOWNSHIP 21 SOUTH, RANGE 61 EAST, M.D.M., CLARK COUNTY, NEVADA, MORE
PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION
21 BEING A POINT ON THE CENTERLINE OF HARMON AVENUE; THENCE NORTH 89°31’10”
EAST ALONG THE SOUTH LINE OF THE NORTHWEST CORNER (NW 1/4) OF SAID SECTION 21
AND THE CENTERLINE OF SAID HARMON AVENUE, 315.36 FEET; THENCE DEPARTING SAID
SOUTH LINE AND STREET CENTERLINE, NORTH 00°36’27” WEST, 64.70 FEET TO THE
NORTHERLY RIGHT-OF-WAY OF SAID HARMON AVENUE; THENCE DEPARTING SAID NORTHERLY
RIGHT-OF-WAY AND CONTINUING NORTH 00°36’27” WEST, 155.30 FEET; THENCE NORTH
89°31’10” EAST, 365.00 FEET; THENCE NORTH 00°36’27” WEST, 150.00 FEET; THENCE
SOUTH 89°31’10” WEST, 590.00 FEET TO A POINT ON THE EASTERLY RIGHT-OF-WAY OF
LAS VEGAS BOULEVARD SOUTH; THENCE ALONG SAID EASTERLY RIGHT-OF-WAY, NORTH 00°36’27”
WEST, 691.42 FEET; THENCE NORTH 00°54’27” WEST, 114.38 FEET; THENCE DEPARTING
SAID EASTERLY RIGHT-OF-WAY, NORTH 89°23’20” EAST, 558.63 FEET; THENCE SOUTH
00°38’05” EAST, 39.64 FEET TO THE POINT OF BEGINNING; THENCE NORTH 89°30’29”
EAST, 18.63 FEET; THENCE SOUTH 01°07’37” EAST, 4.21 FEET; THENCE SOUTH 89°29’40”
WEST, 2.50 FEET; THENCE SOUTH 00°29’31” EAST, 16.19 FEET; THENCE SOUTH 89°30’29”
WEST, 16.17 FEET; THENCE NORTH 00°29’31” WEST, 20.40 FEET TO THE POINT OF
BEGINNING.

PARCEL NA13 HAS A LOWER PLANE ELEVATION OF 2117.29 FEET AND AN UPPER PLANE
ELEVATION OF 2144.29 FEET.

PARCEL FOURTEEN (14):

EXPLANATION:

THIS LEGAL DESCRIBES PARCEL NA AS SHOWN IN FILE 112, PAGE 08 OF SURVEYS ON FILE
AT THE CLARK COUNTY, NEVADA RECORDER’S OFFICE.

LEGAL DESCRIPTION

PARCEL NA

A PORTION OF LOT 1 AS SHOWN IN THAT CERTAIN FINAL MAP ENTITLED “THE ALADDIN
COMMERCIAL SUBDIVISION” AS RECORDED IN BOOK 96, PAGE 33 OF PLATS ON FILE AT THE
CLARK COUNTY, NEVADA RECORDER’S OFFICE AND LYING WITHIN A PORTION OF THE
NORTHWEST QUARTER (NW 1/4) OF SECTION 21, TOWNSHIP 21 SOUTH, RANGE 61 EAST,
M.D.M., CLARK COUNTY, NEVADA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1/4) OF SAID
SECTION 21 BEING A POINT ON THE CENTERLINE OF HARMON AVENUE; THENCE NORTH 89°31’10”
EAST ALONG THE SOUTH LINE OF THE NORTHWEST CORNER (NW 1⁄4) OF SAID SECTION 21 AND
THE CENTERLINE OF SAID HARMON AVENUE, 315.36 FEET; THENCE DEPARTING SAID SOUTH
LINE, NORTH 00°36’27” WEST, 64.70 FEET TO THE NORTHERLY RIGHT-OF-WAY OF SAID
HARMON AVENUE; THENCE DEPARTING SAID NORTHERLY RIGHT-OF-WAY AND CONTINUING
NORTH 00°36’27” WEST, 155.30 FEET; THENCE NORTH 89°31’10” EAST, 365.00 FEET;
THENCE NORTH 00°36’27” WEST, 150.00 FEET; THENCE SOUTH 89°31’10” 

 14
 

WEST, 136.35 FEET TO THE POINT OF BEGINNING; THENCE CONTINUING SOUTH
89°31’10” WEST, 453.65 FEET TO A POINT ON THE EASTERLY RIGHT-OF-WAY OF LAS
VEGAS BOULEVARD SOUTH; THENCE ALONG SAID EASTERLY RIGHT-OF-WAY, NORTH 00°36’27”
WEST, 691.42 FEET; THENCE NORTH 00°54’27” WEST, 114.38 FEET; THENCE DEPARTING
SAID EASTERLY RIGHT-OF-WAY NORTH 89°23’20” EAST, 995.09 FEET; THENCE SOUTH
00°36’40” EAST, 55.14 FEET; THENCE NORTH 89°26’04” EAST, 1.87 FEET; THENCE
SOUTH 00°24’51” EAST, 77.63 FEET; THENCE SOUTH 89°21’10” WEST, 122.55 FEET;
THENCE NORTH 00°33’56” WEST, 77.83 FEET; THENCE SOUTH 89°26’04” WEST, 60.22
FEET; THENCE SOUTH 00°38’26” EAST, 78.74 FEET; THENCE NORTH 89°42’33” EAST,
0.11 FEET; THENCE SOUTH 00°40’41” EAST, 135.10 FEET; THENCE NORTH 75°46’00”
WEST, 0.21 FEET; THENCE NORTH 86°40’14” WEST, 59.11 FEET; THENCE SOUTH 83°01’01”
WEST, 33.90 FEET; THENCE SOUTH 75°44’49” WEST, 32.54 FEET; THENCE SOUTH 68°21’59”
WEST, 31.51 FEET; THENCE SOUTH 61°17’00” WEST, 32.67 FEET; THENCE SOUTH 55°25’35”
WEST, 30.03 FEET; THENCE SOUTH 25°15’30” EAST, 17.50 FEET; THENCE SOUTH 65°10’06”
EAST, 7.52 FEET; THENCE SOUTH 24°00’35” WEST, 11.67 FEET; THENCE NORTH 65°48’52”
WEST, 7.53 FEET; THENCE SOUTH 24°06’10” WEST, 21.38 FEET; THENCE SOUTH 66°35’56”
EAST, 4.97 FEET; THENCE SOUTH 24°25’20” WEST, 43.25 FEET; THENCE NORTH 65°34’40”
WEST, 12.39 FEET; THENCE SOUTH 89°01’26” WEST, 19.25 FEET; THENCE SOUTH 00°39’39”
EAST, 60.07 FEET; THENCE SOUTH 65°31’11” EAST, 4.25 FEET; THENCE SOUTH 24°28’49”
WEST, 33.82 FEET; THENCE SOUTH 64°54’45” EAST, 3.97 FEET; THENCE SOUTH 02°40’26”
WEST, 23.31 FEET; THENCE SOUTH 03°36’30” EAST, 27.47 FEET; THENCE SOUTH 10°37’10”
EAST, 27.53 FEET; THENCE SOUTH 13°40’17” EAST, 8.67 FEET; THENCE NORTH 84°42’26”
EAST, 3.21 FEET; THENCE SOUTH 12°44’50” EAST, 18.14 FEET; THENCE SOUTH 24°57’05”
EAST, 12.99 FEET; THENCE SOUTH 61°19’02” WEST, 0.28 FEET; THENCE SOUTH 64°45’39”
WEST, 97.70 FEET; THENCE SOUTH 25°14’21” EAST, 74.12 FEET; THENCE SOUTH 64°18’14”
WEST, 61.67 FEET; THENCE SOUTH 00°36’12” EAST, 60.97 FEET TO THE POINT OF
BEGINNING.

EXCEPTING THEREFROM PARCEL NB8 AS SHOWN IN FILE 111, PAGE 87 OF SURVEYS ON FILE
AT THE CLARK COUNTY, NEVADA RECORDER’S OFFICE DESCRIBED AS FOLLOWS:

COMMENCING AT THE SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1/4) OF SAID
SECTION 21, THENCE NORTH 01°28’29” WEST, ALONG THE WEST LINE OF THE NORTHWEST
QUARTER (NW 1/4) OF SAID SECTION 21, A DISTANCE OF 1175.72 FEET TO A POINT ON
THE WESTERLY PROLONGATION OF THE NORTH LINE OF SAID LOT 1; THENCE ALONG SAID
WESTERLY PROLONGATION, NORTH 89°23’20” EAST, 107.55 FEET TO A POINT ON THE
EASTERLY RIGHT-OF-WAY OF LAS VEGAS BOULEVARD SOUTH; THENCE CONTINUING ALONG THE
NORTH LINE OF SAID LOT 1, NORTH 89°23’20” EAST, 214.60 FEET; THENCE DEPARTING
SAID NORTH LINE, SOUTH 00°36’40” EAST, 29.96 FEET TO THE POINT OF BEGINNING;
THENCE NORTH 89°16’02” EAST, 40.64 FEET; THENCE SOUTH 00°43’58” EAST, 1.15
FEET; THENCE SOUTH 89°13’24” WEST, 8.31 FEET; THENCE SOUTH 00°46’36” EAST,
14.85 FEET; THENCE SOUTH 89°16’02” WEST, 15.66 FEET; THENCE SOUTH 00°43’58”
EAST, 34.30 FEET; THENCE SOUTH 01°01’23” EAST, 39.73 FEET; THENCE SOUTH 88°58’37”
WEST, 20.42 FEET; THENCE NORTH 00°28’57” WEST, 58.65 FEET; THENCE NORTH 88°43’35”
EAST, 3.58 FEET; THENCE NORTH 01°16’25” WEST, 31.46 FEET TO THE POINT OF
BEGINNING.

PARCEL NB8 HAS AN UPPER PLANE ELEVATION OF 2117.29 FEET.

FURTHER EXCEPTING THEREFROM PARCEL NB10 AS SHOWN IN FILE 111, PAGE 92 OF
SURVEYS ON FILE AT THE CLARK COUNTY, NEVADA RECORDER’S OFFICE 

 15
 

DESCRIBED AS FOLLOWS:

PARCEL “1”

COMMENCING AT THE SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1/4) OF SAID
SECTION 21; THENCE NORTH 01°28’29” WEST, ALONG THE WEST LINE OF THE NORTHWEST
QUARTER (NW 1/4) OF SAID SECTION 21, A DISTANCE OF 1175.72 FEET TO A POINT ON
THE WESTERLY PROLONGATION OF THE NORTH LINE OF SAID LOT 1; THENCE ALONG SAID
WESTERLY PROLONGATION, NORTH 89°23’20” EAST, 107.55 FEET TO A POINT ON THE EASTERLY
RIGHT-OF-WAY OF LAS VEGAS BOULEVARD SOUTH; THENCE CONTINUING ALONG THE NORTH
LINE OF SAID LOT 1, NORTH 89°23’20” EAST, 937.26 FEET; THENCE DEPARTING SAID
NORTH LOT LINE, SOUTH 00°36’40” EAST, 63.05 FEET TO THE POINT OF BEGINNING;
THENCE NORTH 89°34’34” EAST, 8.11 FEET TO A POINT HEREINAFTER REFERRED TO AS
POINT “A”; THENCE SOUTH 00°07’36” WEST, 16.90 FEET; THENCE SOUTH 89°34’34”
WEST, 8.11 FEET; THENCE NORTH 00°07’36” EAST, 16.90 FEET TO THE POINT OF
BEGINNING.

PARCEL “1” OF PARCEL NB10 HAS AN UPPER PLANE ELEVATION OF 2117.29 FEET.

TOGETHER WITH THE FOLLOWING DESCRIBED AREA;

PARCEL “2”

BEGINNING AT THE AFOREMENTIONED POINT “A”; THENCE NORTH 89°34’34” EAST, 8.11
FEET; THENCE SOUTH 00°07’36” WEST, 16.90 FEET; THENCE SOUTH 89°34’34” WEST,
8.11 FEET; THENCE NORTH 00°07’36” EAST, 16.90 FEET TO THE POINT OF BEGINNING.

PARCEL “2” OF PARCEL NB10 HAS A LOWER PLANE ELEVATION OF 2111.29 FEET AND AN
UPPER PLANE ELEVATION OF 2117.29 FEET.

PARCEL NA HAS AN UPPER PLANE ELEVATION OF 2117.29 FEET.

PARCEL FIFTEEN (15):

EXPLANATION:

THIS LEGAL DESCRIBES PARCEL NA2 AS SHOWN IN FILE 112, PAGE 09 OF SURVEYS ON
FILE AT THE CLARK COUNTY, NEVADA RECORDER’S OFFICE.

LEGAL DESCRIPTION

PARCEL NA2

A PORTION OF LOT 1 AS SHOWN IN THAT CERTAIN FINAL MAP ENTITLED “THE ALADDIN
COMMERCIAL SUBDIVISION” AS RECORDED IN BOOK 96, PAGE 33 OF PLATS ON FILE AT THE
CLARK COUNTY, NEVADA RECORDER’S OFFICE AND LYING WITHIN A PORTION OF THE
NORTHWEST QUARTER (NW 1/4) OF SECTION 21, TOWNSHIP 21 SOUTH, RANGE 61 EAST,
M.D.M., CLARK COUNTY, NEVADA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1/4) OF SAID
SECTION 21 BEING A POINT ON THE CENTERLINE OF HARMON AVENUE; THENCE NORTH 89°31’10”
EAST ALONG THE SOUTH LINE OF THE 

 16
 

NORTHWEST CORNER (NW 1/4) OF SAID SECTION 21 AND THE CENTERLINE OF SAID
HARMON AVENUE, 315.36 FEET; THENCE DEPARTING SAID SOUTH LINE AND STREET
CENTERLINE, NORTH 00°36’27” WEST, 64.70 FEET TO THE NORTHERLY RIGHT-OF-WAY OF
SAID HARMON AVENUE; THENCE DEPARTING SAID NORTHERLY RIGHT-OF-WAY AND CONTINUING
NORTH 00°36’27” WEST, 155.30 FEET; THENCE NORTH 89°31’10” EAST, 365.00 FEET;
THENCE NORTH 00°36’27” WEST, 150.00 FEET; THENCE SOUTH 89°31’10” WEST, 136.35
FEET TO THE POINT OF BEGINNING; THENCE CONTINUING SOUTH 89°31’10” WEST, 271.50
FEET TO A POINT HEREINAFTER REFERRED TO AS POINT “A”; THENCE CONTINUING SOUTH
89°31’10” WEST, 182.15 FEET TO A POINT ON THE EASTERLY RIGHT-OF-WAY OF LAS
VEGAS BOULEVARD SOUTH; THENCE ALONG SAID EASTERLY RIGHT-OF-WAY, NORTH 00°36’27”
WEST, 691.42 FEET; THENCE NORTH 00°54’27” WEST, 114.38 FEET; THENCE DEPARTING
SAID EASTERLY RIGHT-OF-WAY, NORTH 89°23’20” EAST, 995.09 FEET; THENCE SOUTH
00°36’40” EAST, 55.14 FEET; THENCE SOUTH 89°26’04” WEST, 148.98 FEET; THENCE
SOUTH 00°36’01” EAST, 47.55 FEET; THENCE SOUTH 89°26’44” WEST, 32.00 FEET;
THENCE SOUTH 00°40’41” EAST, 166.27 FEET; THENCE NORTH 75°46’00” WEST, 0.21
FEET; THENCE NORTH 86°40’14” WEST, 59.11 FEET; THENCE SOUTH 83°01’01” WEST,
33.90 FEET; THENCE SOUTH 75°44’49” WEST, 32.54 FEET; THENCE SOUTH 68°21’59”
WEST, 31.51 FEET; THENCE SOUTH 61°17’00” WEST, 32.67 FEET; THENCE SOUTH 55°25’35”
WEST, 30.03 FEET; THENCE SOUTH 25°15’30” EAST, 17.50 FEET; THENCE SOUTH 65°10’06”
EAST, 7.52 FEET; THENCE SOUTH 24°00’35” WEST, 11.67 FEET; THENCE NORTH 65°48’52”
WEST, 7.53 FEET; THENCE SOUTH 24°06’10” WEST, 21.38 FEET; THENCE SOUTH 66°35’56”
EAST, 4.97 FEET; THENCE SOUTH 24°25’20” WEST, 43.25 FEET; THENCE NORTH 65°34’40”
WEST, 12.39 FEET; THENCE SOUTH 89°01’26” WEST, 19.25 FEET; THENCE SOUTH 00°39’39”
EAST, 60.07 FEET; THENCE SOUTH 65°31’11” EAST, 4.25 FEET; THENCE SOUTH 24°28’49”
WEST, 33.82 FEET; THENCE NORTH 64°54’45” EAST, 3.97 FEET; THENCE SOUTH 02°40’26”
WEST, 23.31 FEET; THENCE SOUTH 03°36’30” EAST, 27.47 FEET; THENCE SOUTH 10°37’10”
EAST, 27.53 FEET; THENCE SOUTH 13°40’17” EAST, 8.67 FEET; THENCE NORTH 84°42’26”
EAST, 3.21 FEET; THENCE SOUTH 12°44’50” EAST, 18.14 FEET; THENCE SOUTH 24°57’05”
EAST, 12.99 FEET; THENCE SOUTH 61°19’02” WEST, 0.28 FEET; THENCE SOUTH 64°45’39”
WEST, 97.70 FEET; THENCE SOUTH 25°14’21” EAST, 74.12 FEET; THENCE SOUTH 64°18’14”
WEST, 61.67 FEET; THENCE SOUTH 00°36’12” EAST, 60.97 FEET TO THE POINT OF
BEGINNING.

EXCEPTING THEREFROM THE FOLLOWING DESCRIBED PARCEL:

COMMENCING AT THE AFOREMENTIONED POINT “A”; THENCE NORTH 00°39’34” WEST, 1.97
FEET TO THE POINT OF BEGINNING; THENCE CONTINUING NORTH 00°39’34” WEST, 10.80
FEET; THENCE NORTH 89°20’28” EAST, 1.61 FEET; THENCE SOUTH 00°39’34” EAST,
10.80 FEET; THENCE SOUTH 89°20’26” WEST, 1.61 FEET TO THE POINT OF BEGINNING.

THE ABOVE DESCRIBED PARCEL HAS A LOWER PLANE ELEVATION OF 2144.29 FEET AND AN
UPPER PLANE ELEVATION OF 2145.29.

FURTHER EXCEPTING THEREFROM THE FOLLOWING PARCELS:

PARCEL NB4 AS SHOWN IN FILE 111, PAGE 91 OF SURVEYS ON FILE AT THE CLARK
COUNTY, NEVADA RECORDER’S OFFICE DESCRIBED AS FOLLOWS:

 

A PORTION OF LOT 1 AS SHOWN IN THAT CERTAIN FINAL MAP ENTITLED “THE
ALADDIN COMMERCIAL SUBDIVISION” AS RECORDED IN BOOK 96, PAGE 33 OF PLATS ON
FILE AT THE CLARK COUNTY, NEVADA RECORDER’S OFFICE AND LYING 

 17
 

WITHIN A PORTION OF THE NORTHWEST QUARTER (NW 1/4) OF SECTION 21,
TOWNSHIP 21 SOUTH, RANGE 61 EAST, M.D.M., CLARK COUNTY, NEVADA, MORE
PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1/4) OF SAID
SECTION 21, BEING A POINT ON THE CENTERLINE OF HARMON AVENUE; THENCE NORTH
89°31’10” EAST ALONG THE SOUTH LINE OF THE NORTHWEST CORNER (NW 1/4) OF SAID
SECTION 21 AND THE CENTERLINE OF SAID HARMON AVENUE, 315.36 FEET; THENCE
DEPARTING SAID SOUTH LINE AND STREET CENTERLINE, NORTH 00°36’27” WEST, 64.70
FEET TO THE NORTHERLY RIGHT-OF-WAY OF SAID HARMON AVENUE; THENCE DEPARTING SAID
NORTHERLY RIGHT-OF-WAY AND CONTINUING NORTH 00°36’27” WEST, 155.30 FEET; THENCE
NORTH 89°31’10” EAST, 365.00 FEET; THENCE NORTH 00°36’27” WEST, 150.00 FEET;
THENCE SOUTH 89°31’10” WEST, 433.44 FEET TO THE POINT OF BEGINNING; THENCE
CONTINUING SOUTH 89°31’10” WEST, 77.92 FEET; THENCE NORTH 00°28’50” WEST, 0.67
FEET; THENCE SOUTH 88°18’38” WEST, 0.59 FEET; THENCE NORTH 00°37’21” WEST, 7.89
FEET; THENCE NORTH 88°16’52” WEST, 1.62 FEET; THENCE NORTH 46°39’43” WEST,
16.82 FEET; THENCE NORTH 00°48’13” WEST, 17.49 FEET; THENCE NORTH 44°55’10”
EAST, 17.07 FEET; THENCE SOUTH 79°38’00” EAST, 1.58 FEET; THENCE NORTH 00°21’54”
WEST, 14.09 FEET; THENCE SOUTH 89°38’05” WEST, 4.75 FEET; THENCE NORTH 00°33’20”
WEST, 47.23 FEET; THENCE NORTH 81°49’18” WEST, 7.02 FEET; THENCE NORTH 00°45’04”
WEST, 44.10 FEET; THENCE NORTH 89°45’05” EAST, 11.13 FEET; THENCE NORTH 00°24’46”
WEST 6.76 FEET; THENCE NORTH 89°25’28” EAST, 78.69 FEET; THENCE SOUTH 00°45’37”
EAST, 162.76 FEET TO THE POINT OF BEGINNING.

PARCEL NB4 HAS A LOWER PLANE ELEVATION OF 2144.29 FEET AND AN UPPER ELEVATION
OF INFINITY.

PARCEL NB5 AS SHOWN IN FILE 111, PAGE 88 OF SURVEYS ON FILE AT THE CLARK
COUNTY, NEVADA RECORDER’S OFFICE DESCRIBED AS FOLLOWS:

COMMENCING AT THE SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1/4) OF SAID
SECTION 21; THENCE NORTH 01°28’29” WEST, ALONG THE WEST LINE OF THE NORTHWEST
QUARTER (NW 1/4) OF SAID SECTION 21, A DISTANCE OF 1175.72 FEET TO A POINT ON THE
WESTERLY PROLONGATION OF THE NORTH LINE OF SAID LOT 1; THENCE ALONG SAID
WESTERLY PROLONGATION, NORTH 89°23’20” EAST, 107.55 FEET TO A POINT ON THE
EASTERLY RIGHT-OF-WAY OF LAS VEGAS BOULEVARD SOUTH; THENCE CONTINUING ALONG THE
NORTH LINE OF SAID LOT 1, NORTH 89°23’20” EAST, 246.93 FEET; THENCE DEPARTING
SAID NORTH LOT LINE, SOUTH 00°36’40” EAST, 29.89 FEET TO THE POINT OF
BEGINNING; THENCE SOUTH 00°46’36” EAST, 24.98 FEET; THENCE SOUTH 89°26’21”
WEST, 20.14 FEET; THENCE NORTH 00°33’37” WEST, 8.60 FEET; THENCE SOUTH 89°26’23”
WEST, 11.35 FEET; THENCE SOUTH 00°33’37” EAST, 8.60 FEET; THENCE SOUTH 89°31’31”
WEST, 32.59 FEET; THENCE SOUTH 01°00’06” EAST, 135.40 FEET; THENCE SOUTH 88°56’33”
WEST, 6.03 FEET; THENCE NORTH 00°50’48” WEST, 40.45 FEET; THENCE SOUTH 89°09’12”
WEST, 37.37 FEET; THENCE SOUTH 47°07’07” WEST, 60.66 FEET; THENCE SOUTH 89°08’03”
WEST, 1.67 FEET; THENCE SOUTH 00°51’57” EAST, 2.48 FEET; THENCE SOUTH 89°08’03”
WEST, 15.40 FEET; THENCE NORTH 45°06’44” WEST, 11.67 FEET; THENCE NORTH 00°41’40”
WEST, 15.49 FEET; THENCE NORTH 44°39’23” EAST, 14.74 FEET; THENCE NORTH 89°22’28”
EAST, 5.69 FEET; THENCE NORTH 05°16’55” EAST, 54.19 FEET; THENCE SOUTH 89°10’56”
WEST, 4.06 FEET; THENCE NORTH 45°11’33” 

 18
 

WEST, 4.59 FEET TO THE BEGINNING OF A NON-TANGENT CURVE CONCAVE
NORTHEASTERLY AND HAVING A RADIUS OF 13.91 FEET, FROM WHICH THE RADIUS BEARS
NORTH 39°50’17” WEST, THENCE NORTHWESTERLY ALONG SAID CURVE TO THE RIGHT
THROUGH A CENTRAL ANGLE OF 167°59’03”, AN ARC LENGTH OF 40.78 FEET TO A POINT
OF NON-TANGENCY TO WHICH A RADIAL LINE BEARS NORTH 51°51’14” WEST; THENCE ALONG
A NON-TANGENT LINE NORTH 44°52’42” WEST, 4.64 FEET; THENCE NORTH 00°35’26”
WEST, 34.07 FEET; THENCE NORTH 43°59’53” EAST, 7.54 FEET; THENCE NORTH 88°49’23”
EAST, 26.50 FEET; THENCE NORTH 01°10’37” WEST, 9.22 FEET; THENCE NORTH 89°16’16”
EAST, 153.53 FEET TO THE POINT OF BEGINNING.

PARCEL NB5 HAS A LOWER PLANE ELEVATION OF 2144.29 FEET AND AN UPPER ELEVATION
OF INFINITY.

PARCEL NB13 AS SHOWN IN FILE 111, PAGE 95 OF SURVEYS ON FILE AT THE CLARK
COUNTY, NEVADA RECORDER’S OFFICE, DESCRIBED AS FOLLOWS:

A CYLINDER HAVING A 32.09 FOOT RADIUS BEING A PORTION OF LOT 1 AS SHOWN IN THAT
CERTAIN FINAL MAP ENTITLED “THE ALADDIN COMMERCIAL SUBDIVISION” AS RECORDED IN
BOOK 96, PAGE 0033 OF PLATS ON FILE AT THE CLARK COUNTY, NEVADA RECORDER’S
OFFICE AND LYING WITHIN A PORTION OF THE NORTHWEST QUARTER (NW 1/4) OF SECTION
21, TOWNSHIP 21 SOUTH, RANGE 61 EAST, M.D.M., CLARK COUNTY, NEVADA, MORE
PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1/4) OF SAID
SECTION 21, BEING A POINT ON THE CENTERLINE OF HARMON AVENUE; THENCE NORTH
89°31’10” EAST ALONG THE SOUTH LINE OF THE NORTHWEST CORNER OF SAID SECTION 21
AND THE CENTERLINE OF SAID HARMON AVENUE, 315.36 FEET; THENCE DEPARTING SAID
SOUTH LINE AND STREET CENTERLINE, NORTH 00°36’27” WEST, 64.70 FEET TO THE
NORTHERLY RIGHT-OF-WAY OF SAID HARMON AVENUE; THENCE DEPARTING SAID NORTHERLY
RIGHT-OF-WAY AND CONTINUING NORTH 00°36’27” WEST, 155.30 FEET; THENCE NORTH
89°31’10” EAST, 365.00 FEET; THENCE NORTH 00°36’27” WEST, 150.00 FEET; THENCE
SOUTH 89°31’10” WEST, 590.00 FEET TO THE EAST RIGHT-OF-WAY OF LAS VEGAS
BOULEVARD SOUTH; THENCE ALONG SAID EASTERLY RIGHT-OF-WAY, NORTH 00°36’27” WEST,
373.97 FEET; THENCE DEPARTING SAID EASTERLY RIGHT-OF-WAY, NORTH 89°23’33” EAST,
507.55 FEET TO THE RADIUS POINT OF SAID CYLINDER AND BEING THE POINT OF
BEGINNING.

PARCEL NB13 HAS A LOWER PLANE ELEVATION OF 2144.29 FEET AND AN UPPER PLANE
ELEVATION OF 2171.85 FEET.

PARCEL NA2 HAS A LOWER PLANE ELEVATION OF 2144.29 FEET AND AN UPPER ELEVATION
OF INFINITY.

PARCEL SIXTEEN (16):

EXPLANATION:

THIS LEGAL DESCRIBES PARCEL NA14 AS SHOWN IN FILE 112, PAGE 11 OF SURVEYS ON
FILE AT THE CLARK COUNTY, NEVADA RECORDER’S OFFICE.

 19
 

LEGAL DESCRIPTION

PARCEL NA14

A PORTION OF LOT 1 AS SHOWN IN THAT CERTAIN FINAL MAP ENTITLED “THE ALADDIN
COMMERCIAL SUBDIVISION” AS RECORDED IN BOOK 96, PAGE 33 OF PLATS ON FILE AT THE
CLARK COUNTY, NEVADA RECORDER’S OFFICE AND LYING WITHIN A PORTION OF THE
NORTHWEST QUARTER (NW 1/4) OF SECTION 21, TOWNSHIP 21 SOUTH, RANGE 61 EAST,
M.D.M., CLARK COUNTY, NEVADA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1/4) OF SAID
SECTION 21 BEING A POINT ON THE CENTERLINE OF HARMON AVENUE; THENCE NORTH 89°31’10”
EAST ALONG THE SOUTH LINE OF THE NORTHWEST CORNER OF SAID SECTION 21 AND THE
CENTERLINE OF SAID HARMON AVENUE, 315.36 FEET; THENCE DEPARTING SAID SOUTH LINE
AND STREET CENTERLINE, NORTH 00°36’27” WEST, 64.70 FEET TO THE NORTHERLY
RIGHT-OF-WAY OF SAID HARMON AVENUE; THENCE DEPARTING SAID NORTHERLY
RIGHT-OF-WAY AND CONTINUING NORTH 00°36’27” WEST, 155.30 FEET; THENCE NORTH
89°31’10” EAST, 365.00 FEET; THENCE NORTH 00°36’27” WEST, 150.00 FEET; THENCE
SOUTH 89°31’10” WEST, 459.06 FEET; THENCE NORTH 00°28’50” WEST, 1.81 FEET TO A
POINT HEREINAFTER REFERRED AS POINT NO. 1, SAME POINT BEING THE POINT OF
BEGINNING; THENCE NORTH 00°39’34” WEST, 10.80 FEET; THENCE NORTH 89°20’26”
EAST, 52.83 FEET; THENCE SOUTH 00°39’34” EAST, 10.80 FEET; THENCE SOUTH 89°20’26”
WEST, 52.83 FEET TO POINT OF BEGINNING.

THE ABOVE DESCRIBED AREA HAS A LOWER PLANE ELEVATION OF 2117.29 FEET AND AN
UPPER PLANE ELEVATION OF 2145.29 FEET.

EXCEPTING THEREFROM THE FOLLOWING DESCRIBED AREA:

BEGINNING AT THE AFOREMENTIONED POINT NO. 1; THENCE NORTH 00°39’34” WEST, 10.80
FEET; THENCE NORTH 89°20’26” EAST, A SLOPE DISTANCE OF 16.41 FEET AT A VERTICAL
ANGLE ABOVE THE HORIZON OF 33°15’50” TO A POINT HEREINAFTER REFERRED TO AS
POINT NO. 2; THENCE SOUTH 00°39’34” EAST, 10.80 FEET; THENCE SOUTH 89°20’26”
WEST, A SLOPE DISTANCE OF 16.41 FEET AT A VERTICAL ANGLE BELOW THE HORIZON OF
33°15’50” TO THE POINT OF BEGINNING.

THE ABOVE DESCRIBED AREA HAS A LOWER PLANE ELEVATION OF 2117.29 FEET AND AN
UPPER PLANE ELEVATION OF 2126.29 FEET.

EXCEPTING THEREFROM THE FOLLOWING DESCRIBED AREA:

BEGINNING AT THE AFOREMENTIONED POINT NO. 2; THENCE NORTH 89°20’26” EAST, 7.11
FEET TO A POINT HEREINAFTER REFERRED TO AS POINT NO. 3; THENCE SOUTH 00°39’34”
EAST, 10.80 FEET; THENCE SOUTH 89°20’26” WEST, 7.11 FEET; THENCE NORTH 00°39’34”
WEST, 10.80 FEET TO THE POINT OF BEGINNING.

THE ABOVE DESCRIBED AREA HAS A LOWER PLANE ELEVATION OF 2117.29 FEET AND AN
UPPER PLANE ELEVATION OF 2126.29 FEET.

EXCEPTING THEREFROM THE FOLLOWING DESCRIBED AREA:

 20
 

BEGINNING AT THE AFOREMENTIONED POINT NO. 3; THENCE NORTH 89°20’26”
EAST, A SLOPE DISTANCE OF 17.09 FEET AT A VERTICAL ANGLE ABOVE THE HORIZON OF
31°46’28” TO A POINT HEREINAFTER REFERRED TO AS POINT NO. 4; THENCE SOUTH 00°39’34”
EAST, 10.80 FEET; THENCE SOUTH 89°20’26” WEST, A SLOPE DISTANCE OF 17.09 FEET
AT A VERTICAL ANGLE BELOW THE HORIZON OF 31°46’28”; THENCE NORTH 00°39’34”
WEST, 10.80 FEET TO THE POINT OF BEGINNING.

THE ABOVE DESCRIBED AREA HAS A LOWER PLANE ELEVATION OF 2126.29 FEET AND AN
UPPER PLANE ELEVATION OF 2136.29 FEET.

EXCEPTING THEREFROM THE FOLLOWING DESCRIBED AREA:

BEGINNING AT THE AFOREMENTIONED POINT NO. 4; THENCE NORTH 89°20’26” EAST, 2.94
FEET TO A POINT HEREINAFTER REFERRED TO AS POINT NO. 5; THENCE SOUTH 00°39’34”
EAST, 10.80 FEET; THENCE SOUTH 89°20’26” WEST, 2.94 FEET; THENCE NORTH 00°39’34”
WEST, 10.80 FEET TO THE POINT OF BEGINNING.

THE ABOVE DESCRIBED AREA HAS A LOWER PLANE ELEVATION OF 2117.29 FEET AND AN
UPPER PLANE ELEVATION OF 2136.29.

TOGETHER WITH THE FOLLOWING DESCRIBED AREA:

BEGINNING AT THE AFOREMENTIONED POINT NO. 5; THENCE NORTH 89°20’26” EAST, A
SLOPE DISTANCE OF 17.09 FEET AT A VERTICAL ANGLE ABOVE THE HORIZON OF 31°46’28”;
THENCE SOUTH 00°39’34” EAST, 10.80 FEET; THENCE SOUTH 89°20’26” WEST, A SLOPE DISTANCE
OF 17.09 FEET AT A VERTICAL ANGLE BELOW THE HORIZON OF 31°46’28”; THENCE NORTH
00°39’34” WEST, 10.80 FEET TO THE POINT OF BEGINNING.

THE ABOVE DESCRIBED AREA HAS A LOWER PLANE ELEVATION OF 2136.29 FEET AND AN
UPPER PLANE ELEVATION OF 2145.29 FEET.

PARCEL SEVENTEEN (17):

EXPLANATION:

THIS LEGAL DESCRIBES PARCEL NA1 AS SHOWN IN FILE 112, PAGE 10 OF SURVEYS ON
FILE AT THE CLARK COUNTY, NEVADA RECORDER’S OFFICE.

LEGAL DESCRIPTION

PARCEL NA1

A PORTION OF LOT 1 AS SHOWN IN THAT CERTAIN FINAL MAP ENTITLED “THE ALADDIN
COMMERCIAL SUBDIVISION” AS RECORDED IN BOOK 96, PAGE 33 OF PLATS ON FILE AT THE
CLARK COUNTY, NEVADA RECORDER’S OFFICE AND LYING WITHIN A PORTION OF THE
NORTHWEST QUARTER (NW 1/4) OF SECTION 21, TOWNSHIP 21 SOUTH, RANGE 61 EAST,
M.D.M., CLARK COUNTY, NEVADA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE SOUTHWEST CORNER OF THE NORTHWEST QUARTER (NW 1/4) OF SAID
SECTION 21 BEING A POINT ON THE CENTERLINE OF HARMON AVENUE; THENCE NORTH 89°31’10”
EAST ALONG THE SOUTH LINE OF THE NORTHWEST CORNER OF SAID SECTION 21 AND THE
CENTERLINE OF SAID 

 21
 

HARMON AVENUE, 315.36 FEET; THENCE DEPARTING SAID SOUTH LINE AND STREET
CENTERLINE, NORTH 00°36’27” WEST, 64.70 FEET TO THE NORTHERLY RIGHT-OF-WAY OF
SAID HARMON AVENUE; THENCE DEPARTING SAID NORTHERLY RIGHT-OF-WAY AND CONTINUING
NORTH 00°36’27” WEST, 155.30 FEET; THENCE NORTH 89°31’10” EAST, 365.00 FEET;
THENCE NORTH 00°36’27” WEST, 150.00 FEET; THENCE SOUTH 89°31’10” WEST, 511.36
FEET TO THE POINT OF BEGINNING; THENCE CONTINUING SOUTH 89°31’10” WEST, 78.64
FEET TO A POINT ON THE EASTERLY RIGHT-OF-WAY OF LAS VEGAS BOULEVARD SOUTH;
THENCE ALONG SAID EASTERLY RIGHT-OF-WAY, NORTH 00°36’27” WEST, 691.42 FEET;
THENCE NORTH 00°54’27” WEST, 114.38 FEET; THENCE DEPARTING SAID EASTERLY
RIGHT-OF-WAY, NORTH 89°23’20” EAST, 995.09 FEET; THENCE SOUTH 00°36’40” EAST,
55.14 FEET; THENCE SOUTH 89°26’04” WEST, 238.13 FEET; THENCE NORTH 00°36’12”
WEST, 24.94 FEET; THENCE SOUTH 89°24’05” WEST, 171.48 FEET; THENCE NORTH 01°02’20”
WEST, 6.54 FEET; THENCE SOUTH 89°21’55” WEST, 41.81 FEET; THENCE SOUTH 00°23’47”
EAST, 6.50 FEET; THENCE SOUTH 89°21’10” WEST, 30.06 FEET; THENCE SOUTH 00°27’18”
WEST, 25.12 FEET; THENCE SOUTH 89°26’12” WEST, 266.06 FEET; THENCE NORTH 00°46’36”
WEST, 24.98 FEET; THENCE SOUTH 89°16’16” WEST, 153.53 FEET; THENCE SOUTH 01°10’37”
EAST, 9.22 FEET; THENCE SOUTH 88°49’23” WEST, 26.50 FEET; THENCE SOUTH 43°59’53
WEST, 7.54 FEET; THENCE SOUTH 00°35’26” EAST, 34.07 FEET; THENCE SOUTH 44°52’42”
EAST, 4.64 FEET TO THE BEGINNING OF A NON-TANGENT CURVE, CONCAVE NORTHEASTERLY
AND HAVING A RADIUS OF 13.91 FEET, FROM WHICH A RADIAL LINE BEARS SOUTH 51°51’14”
EAST; THENCE SOUTHEASTERLY ALONG SAID CURVE TO THE LEFT THROUGH A CENTRAL ANGLE
OF 167°59’03”, AN ARC LENGTH OF 40.78 FEET TO A POINT OF NON-TANGENCY, A RADIAL
LINE TO SAID POINT BEARS SOUTH 39°50’17” EAST; THENCE ALONG A NON-TANGENT LINE
SOUTH 45°11’33” EAST, 4.59 FEET; THENCE NORTH 89°10’56” EAST, 4.06 FEET; THENCE
SOUTH 05°16’55” WEST, 54.19 FEET; THENCE SOUTH 89°22’28” WEST, 5.69 FEET;
THENCE SOUTH 44°39’23” WEST, 14.74 FEET; THENCE SOUTH 00°41’40” EAST, 15.49
FEET; THENCE SOUTH 45°06’44” EAST, 11.67 FEET; THENCE NORTH 89°08’03” EAST,
15.40 FEET; THENCE SOUTH 00°51’57” EAST, 3.09 FEET; THENCE SOUTH 45°34’44”
EAST, 20.69 FEET; THENCE NORTH 89°51’51” EAST, 7.08 FEET; THENCE NORTH 00°36’08”
WEST, 10.54 FEET; THENCE NORTH 89°22’51” EAST, 8.64 FEET; THENCE SOUTH 00°51’36”
EAST, 6.32 FEET; THENCE NORTH 89°23’00” EAST, 70.00 FEET; THENCE NORTH 00°37’00”
WEST, 2.46 FEET; THENCE NORTH 89°21’39” EAST, 42.47 FEET; THENCE SOUTH 00°34’21”
EAST, 2.48 FEET; THENCE NORTH 89°23’00” EAST, 9.86 FEET; THENCE NORTH 00°43’19”
WEST, 22.52 FEET; THENCE NORTH 89°15’40” EAST, 8.51 FEET; THENCE SOUTH 00°42’30”
EAST, 2.77 FEET; THENCE NORTH 89°17’30” EAST, 109.10 FEET; THENCE NORTH 01°05’27”
WEST, 2.82 FEET; THENCE NORTH 89°48’50” EAST, 8.27 FEET; THENCE SOUTH 65°42’02”
EAST, 42.12 FEET; THENCE SOUTH 25°03’42” WEST, 5.05 FEET; THENCE SOUTH 65°27’22”
EAST, 25.40 FEET; THENCE NORTH 11°28’05” EAST, 0.61 FEET; THENCE SOUTH 65°22’40”
EAST, 39.03 FEET; THENCE SOUTH 24°17’06” WEST, 24.04 FEET; THENCE SOUTH 63°36’49”
EAST, 9.33 FEET; THENCE SOUTH 01°01’35” WEST, 10.31 FEET; THENCE SOUTH 25°00’58”
WEST, 43.66 FEET; SOUTH 65°55’32” EAST, 27.15 FEET; THENCE SOUTH 24°20’07”
WEST, 74.69 FEET; THENCE SOUTH 45°12’47” WEST, 2.26 FEET; THENCE SOUTH 45°48’06”
EAST, 19.04 FEET; THENCE NORTH 89°40’45” EAST, 3.70 FEET; THENCE NORTH 04°12’09”
EAST, 1.49 FEET; THENCE NORTH 88°19’56” EAST, 4.28 FEET; THENCE SOUTH 00°41’26”
EAST, 62.53 FEET; THENCE SOUTH 89°37’37” WEST, 8.30 FEET; THENCE SOUTH 00°36’39”
EAST, 60.49 FEET; THENCE SOUTH 64°40’35” WEST, 16.80 FEET; THENCE SOUTH 25°41’08”
EAST, 60.80 FEET; THENCE SOUTH 64°22’54” WEST, 87.94 FEET; THENCE NORTH 24°50’35”
WEST, 3.46 FEET; THENCE SOUTH 65°09’25” WEST, 6.45 FEET; THENCE SOUTH 24°50’35”
EAST, 3.51 FEET; THENCE SOUTH 64°23’08” WEST, 139.31 FEET; THENCE NORTH 25°54’06”
WEST, 37.43 FEET; THENCE SOUTH 89°01’31” 

 22
 

WEST, 19.00 FEET; THENCE NORTH 00°44’18” WEST, 34.11 FEET; THENCE SOUTH
88°58’21” WEST, 2.57 FEET; THENCE NORTH 00°19’14” EAST, 2.01 FEET; THENCE SOUTH
89°26’21” WEST, 133.64 FEET; THENCE SOUTH 00°24’46” EAST, 34.83 FEET; THENCE
SOUTH 89°45’05” WEST, 11.13 FEET; THENCE SOUTH 00°45’04” EAST, 44.10 FEET;
THENCE SOUTH 81°49’18” EAST, 7.02 FEET; THENCE SOUTH 00°33’20” EAST, 47.23
FEET; THENCE NORTH 89°38’05” EAST, 4.75 FEET; THENCE SOUTH 00°21’54” EAST,
14.09 FEET; THENCE NORTH 79°38’00” WEST, 1.58 FEET; THENCE SOUTH 44°55’10”
WEST, 17.07 FEET; THENCE SOUTH 00°48’13” EAST, 17.49 FEET; THENCE SOUTH 46°39’43”
EAST, 16.82 FEET; THENCE SOUTH 88°16’52” EAST, 1.62 FEET; THENCE SOUTH 00°37’21”
EAST, 7.89 FEET; THENCE NORTH 88°18’38” EAST, 0.59 FEET; THENCE SOUTH 00°28’50”
EAST, 0.67 FEET TO THE POINT OF BEGINNING.

PARCEL NA1 HAS A LOWER PLANE ELEVATION OF 2117.29 FEET AND AN UPPER PLANE
ELEVATION OF 2144.29 FEET.

PARCEL EIGHTEEN (18):

A NON-EXCLUSIVE EASEMENT FOR PEDESTRIAN AND VEHICULAR INGRESS, EGRESS, PARKING,
UTILITIES, MAINTENANCE AND OTHER USES AS PROVIDED FOR IN THAT CERTAIN “CONSTRUCTION,
OPERATION AND RECIPROCAL EASEMENT AGREEMENT” BY AND BETWEEN ALADDIN GAMING,
LLC, ALADDIN BAZAAR, LLC AND ALADDIN MUSIC HOLDINGS, LLC, RECORDED MARCH 2,
1998 IN BOOK 980302 AS INSTRUMENT NO. 00003 AND RE-RECORDED MARCH 24, 1998 IN
BOOK 980324 AS INSTRUMENT NO. 01111 AND RE-RECORDED MAY 29, 1998 IN BOOK 980529
AS INSTRUMENT NO. 02358 AND RE-RECORDED OCTOBER 22, 1998 IN BOOK 981022 AS
INSTRUMENT NO. 00509 AS AMENDED BY MEMORANDUM OF AMENDMENT AND RATIFICATION OF
REA RECORDED NOVEMBER 20, 2000 IN BOOK 20001120 AS INSTRUMENT NO. 00858, AS
AMENDED BY SECOND AMENDMENT OF CONSTRUCTION, OPERATION RECIPROCAL EASEMENT
AGREEMENT RECORDED MARCH 31, 2003 IN BOOK 20030331 AS INSTRUMENT NO. 04875, AS
ASSIGNED BY “ASSIGNMENT AND ASSUMPTION OF RECIPROCAL EASEMENT AGREEMENT”
RECORDED SEPTEMBER 1, 2004 IN BOOK 20040901 AS INSTRUMENT NO. 00285 OF OFFICIAL
RECORDS, AS MODIFIED BY A DOCUMENT DECLARING MODIFICATIONS THEREOF RECORDED
NOVEMBER 17, 2005 IN BOOK 20051117 AS INSTRUMENT NO. 05802 OF OFFICIAL RECORDS
OF CLARKS COUNTY, NEVADA.

 

 

PARCEL NINETEEN (19):

 

A NON-EXCLUSIVE RIGHT TO USE THAT CERTAIN MULTI-LEVEL PARKING STRUCTURE
AND SURFACE-LEVEL PARKING FACILITIES AS SET FORTH IN THAT CERTAIN “MEMORANDUM
OF COMMON PARKING AREA USE AGREEMENT” BY AND BETWEEN ALADDIN GAMING, LLC AND
ALADDIN BAZAAR, LLC RECORDED MARCH 2, 1998 IN BOOK 980302 AS INSTRUMENT NO.
00005 AND RE-RECORDED MAY 29, 1998 IN BOOK 980529 AS INSTRUMENT NO. 02360 OF
OFFICIAL RECORDS, CLARK COUNTY, NEVADA RECORDS.

 

NOTE: THE ABOVE METES AND BOUNDS LEGAL DESCRIPTION APPEARED PREVIOUSLY
IN THAT CERTAIN DOCUMENT RECORDED SEPTEMBER 1, 2004 IN BOOK 20040901 AS
INSTRUMENT NO. 00286 OF OFFICIAL RECORDS, CLARK COUNTY, NEVADA.

 

 23Exhibit 10.36

ASSIGNMENT OF
CONTRACTS, OPERATING PERMITS AND 

CONSTRUCTION PERMITS

ASSIGNMENT OF CONTRACTS, OPERATING PERMITS AND
CONSTRUCTION PERMITS (as amended, restated, replaced, supplemented or otherwise
modified from time to time, this “Assignment”), dated as of November 30, 2006,
made by PH FEE OWNER LLC, a Delaware limited liability company, and OPBIZ,
L.L.C., a Nevada limited liability company, each having its principal place of
business at c/o OpBiz, L.L.C., 3667 Las Vegas Boulevard South, Las Vegas,
Nevada 89109 (individually or collectively as the context may require, “Borrower”),
in favor of COLUMN FINANCIAL, INC., a Delaware corporation having an address at
11 Madison Avenue, 9th Floor, New York, New York 10010 (“Lender”).

RECITALS

WHEREAS, this Assignment is given in connection with a
loan in the principal sum of up to Eight Hundred Twenty Million and No/100
Dollars ($820,000,000) (the “Loan”) made by Lender to Borrower pursuant
to that certain Loan Agreement, dated as of the date hereof (as amended,
restated, replaced, supplemented or otherwise modified from time to time, the “Loan
Agreement”) and evidenced by that certain Promissory Note, dated the date
hereof, given by Borrower to Lender (as amended, restated, replaced,
supplemented, or otherwise modified from time to time, the “Note”).

WHEREAS, payment of the Debt and the performance of
all of Borrower’s obligations under the Note, the Loan Agreement and the other
Loan Documents are secured by, inter  alia, that certain Deed of Trust, Security Agreement, Assignment of
Leases and Rents, Financing Statement and
Fixture Filing dated as of the date hereof (as amended, modified or supplemented from time to time, the “Security
Instrument”) encumbering, among other things, certain real property and improvements
located at Las Vegas Boulevard and Harmon
Avenue in Clark County, Nevada, commonly known on the date hereof as
Aladdin Hotel and Casino (the “Property”), and the personal property described therein.

WHEREAS, Borrower desires to further secure the
payment of the Debt and the performance of all of its obligations under the
Note, the Loan Agreement and the other Loan Documents.

WHEREAS, this Assignment is given pursuant to the Loan
Agreement, and payment, fulfillment, and performance by Borrower of its
obligations thereunder and under the other Loan Documents is secured hereby,
and each and every term and provision of the Loan Agreement and the Note,
including the rights, remedies, obligations, covenants, conditions, agreements,
indemnities, representations and warranties therein, are hereby incorporated by
reference herein as though set forth in full and shall be considered a part of
this Assignment.

WHEREAS, capitalized terms used herein and not
otherwise defined herein shall have the respective meanings specified in the
Loan Agreement.

NOW THEREFORE, in consideration of the making of the
Loan by Lender and the covenants, agreements, representations and warranties
set forth in this Assignment, and without 

limiting the provisions of the Security Instrument,
Borrower hereby irrevocably, absolutely and unconditionally assigns and
transfers to Lender, its successors and assigns, as collateral security for the
Debt and the Obligations (as defined in the Security Instrument), all of
Borrower’s right, title and interest in, to and under:

(A)          the
Management Agreement, the License Agreement, and, to the extent assignable, any
and all other contracts and agreements with architects, engineers, contractors,
subcontractors, management agents, leasing agents, sales agents, service and
maintenance agents and providers, and other third parties (collectively, the “Contracting Parties” or, singularly, a “Contracting Party”), whether now existing or hereafter
arising, relating to the design, construction, ownership, use, occupancy,
possession, management, operation, leasing, sale, service, maintenance or
repair of, or otherwise in respect of, the Property, including, without
limitation, architect agreements, engineering agreements, construction
contracts, subcontractor agreements, management agreements, leasing agreements,
sales agency agreements, service contracts, equipment leases and personal
property leases, including all warranties and guarantees (collectively, as the
same may be amended, restated, replaced, supplemented or otherwise modified
from time to time, the “Contracts” or, singularly, a “Contract”) including, without limitation, the
following:

(i)            all of the right, title and interest
of Borrower in, to and under any and all guaranties and/or warranties and any
and all options, licenses, and other agreements now or subsequently executed or
created by or on behalf of Borrower with respect to the Contracts; and

(ii)           the rights of Borrower under the
Contracts to receive and collect any monies or other benefits or sums due or to
become due or to which   Borrower may now
or shall hereafter become entitled or may demand or claim under the Contracts;
and

(iii)          all of the right, power and authority
of Borrower to alter, modify, amend or change in any material respect the
terms, conditions and provisions of the Contracts or to surrender, cancel or
terminate the same or to accept any surrender, cancellation or termination of
the same; and

(iv)          all of the rights, powers and
privileges of Borrower under the Contracts, including, without limitation, the
right to sue for enforcement of the provisions thereof or to seek damages for a
breach thereof or indemnification thereunder, whether heretofore or hereafter
existing;

(B)           to
the extent assignable under applicable law, any and all Operating Permits (as
defined in the Loan Agreement), Construction Permits (as defined in the Loan
Agreement) permits, licenses, franchises, certificates, consents and approvals
(including, without limitation, all agreements, certificates of use and occupancy
(or their equivalent) and applications and approvals issued by any Governmental
Authority and all building, construction, land use, environmental, utility
agreements or other franchises, approvals, consents and authorizations
(including, but not limited to liquor and food licenses and business licenses
and approvals from any applicable Governmental Authority) required for or
useful in connection with the ownership, use, occupation or operation of the
Property and the transactions provided for in the Loan

 2
 

Agreement and the other Loan Documents) relating to
the design, construction, ownership, use, occupancy, management, operation,
leasing, sale, maintenance or repair of, or otherwise in respect of, the
Property, whether now existing or hereafter arising (collectively, the “Permits
and Licenses”);

(C)           to
the extent assignable, any and all warranties and guaranties relating to the
Property or to any fixtures, equipment or personal property owned by Borrower
and located on and/or used in connection with the Property, whether now
existing or hereafter arising;

(D)          to
the extent assignable, any and all plans, specifications, drawings, insurance
policies, warranties, guaranties, indemnities, appraisals, engineering,
environmental, soil, and/or other reports and studies, tenant lists, books,
records, correspondence, files and advertising and marketing materials, and
other documents or instruments, relating to the Property, whether now existing
or hereafter arising; and

(E)           any
and all cash and non-cash proceeds of any of the foregoing, and all
claims of Borrower with respect thereto, together with all right, title and
interest of Borrower in and to any and all extensions and renewals of any of
the foregoing.

The Contracts,
together with the items referred to in the foregoing paragraphs (B), (C),
(D) and (E), are sometimes collectively referred to herein as the
“General Intangibles”.

This Assignment is made upon the following terms and
conditions:

1.             Representations and Warranties.  Borrower represents and warrants to Lender
that:

(a)           Borrower has not
assigned or granted, and will not assign or grant, a security interest in any
of the General Intangibles to anyone other than Lender.

(b)           All sums due and
payable to any Contracting Party by Borrower under the related Contracts have
been paid in full.

(c)           Borrower’s interest
in the General Intangibles is not subject to any claim, setoff, lien, deduction
or encumbrance of any nature (other than the encumbrance created hereby and the
encumbrances created by the Security Instrument and the other Loan Documents),
and no other Person has any right, title or interest in the General
Intangibles.

(d)           Borrower has full
power and authority to make this Assignment, without the need for any consent
that has not been obtained.

(e)           Neither Borrower
nor, to Borrower’s knowledge, any Contracting Party is in default under any of
the terms, covenants or provisions of any Contract and Borrower knows of no
event which, but for the passage of time or the giving of notice or both, would
constitute an event of default under any Contract by Borrower or any
Contracting Party.

(f)            Neither Borrower
nor any Contracting Party has commenced any action or given or received any
notice for the purpose of terminating any Contract, and the Contracts and, 

 3
 

to the extent
applicable, the General Intangibles are in full force and effect and have not
been modified, amended or assigned (other than pursuant to this Assignment).

(g)           As of the date
hereof, the Permits and Licenses set forth on Exhibit A attached to this
Assignment are all of the Permits and Licenses in effect with respect to the
Property (none of which have been amended, modified or otherwise changed in any
way), true, correct and complete copies of all such Permits and Licenses have
been delivered to Lender, and Borrower shall from time to time, promptly after
Lender’s request therefor, update such Exhibit A so that the same
is a current and complete list as of the time in question of all Permits and
Licenses then in existence and deliver copies of the same to Lender.

(h)           Borrower has not
performed any act or executed any instrument that might prevent Lender from
operating under any of the terms and conditions hereof, or that would limit
Lender in such operation.

2.             Certain Covenants.  Borrower covenants and agrees with Lender as
follows:

(a)           Borrower shall and
shall cause its employees, agents and contractors to (i) at all times comply
with, cause compliance with, make all payments required by, and otherwise
perform and discharge all of its covenants, obligations, agreements, and
conditions under the Contracts, (ii) secure or enforce all of its rights under
the Contracts, and (iii) in a commercially reasonable manner, enforce or secure
the performance of all covenants, obligations, agreements and conditions to be
performed and discharged by any Contracting Party under the Contracts.

(b)           Borrower shall not
enter into any material Contracts or other General Intangibles or make any
material changes in or amendments to any of the Contracts or other General
Intangibles without the prior written consent of Lender, which consent shall
not be unreasonably withheld, provided, that notwithstanding the
foregoing, Lender’s consent shall not be required with respect to any new
Contract or any changes in or amendments to any Contract if (i) such Contract
does not relate to the design, construction or overall management or operation
of the Property, (ii) such Contract is terminable without cause and
without payment of any penalty or termination fee on not more than thirty (30)
days’ notice and (iii) the Contracting Party under such Contract does not have
any right, by reason of applicable law or otherwise, to assert a lien against
the Property;

(c)           Borrower shall not
tender or accept a surrender or cancellation of any of the General Intangibles
without the prior written consent of Lender where such surrender or
cancellation would adversely affect the Property or adversely affect Lender’s
interest therein or Lender’s security or where such surrender or cancellation
would violate the terms of any Loan Document;

(d)           Borrower shall not
(a) waive, excuse, condone or in any manner release or discharge (in whole or
in part) any party to the Contracts from any material claim or any material
obligation, covenant, condition or agreement to be performed by it under the
Contracts, (b) fail to exercise promptly and diligently any of the
material  rights that it may have under
the Contracts, or (c) fail to deliver promptly to Lender a copy of each demand
or notice given or received by it, 

 4
 

or its
employees, agents or contractors, relating in any way to a material provision
of the Contracts;

(e)           Borrower shall
promptly provide to Lender a true, correct and complete copy of each Contract
promptly after it has been executed and delivered by the parties thereto;

(f)            Borrower shall
promptly provide to Lender copies of all changes in or amendments to any
Contract whether or not Lender’s consent thereto is required pursuant to Section
2(b) above and Borrower shall promptly notify Lender in writing of any
surrender or cancellation of any Contract whether or not Lender’s consent
thereto is required pursuant to Section 2(c) above;

(g)           Borrower shall give
immediate notice to Lender of any notice of default served by or upon Borrower
with respect to its obligations under any of the Contracts or the other General
Intangibles and, at the sole cost and expense of Borrower, shall enforce or
secure the performance of each and every material obligation of the Contracting
Parties to be kept or performed under the Contracts; and

(h)           Borrower, at its
expense, shall do or cause to be done all things necessary to preserve, renew
and keep in full force and effect and maintain to the extent commercially
reasonable under the circumstances the Permits and Licenses in the ordinary
course of business and to cooperate with Lender in assigning the Permits and
Licenses (and in obtaining the consent of any Governmental Authority to such
assignments) or having new permits and licenses issued to Lender or a third
party designated by Lender in the event of a foreclosure, deed in lieu of
foreclosure or other transfer of the Property, in accordance with the terms and
provisions of the Loan Documents. 
Notwithstanding this Assignment, Lender shall have no obligations or
liability of any kind under or with respect to the Permits and Licenses, either
before or after its exercise of any rights hereby granted to it, and Borrower
agrees to save and hold Lender harmless of and from, and to indemnify and
defend it against, any and all such obligations and liabilities, contingent or
otherwise, now existing or later arising.

3.             Defense of Claims; Borrower Obligations;
Indemnification.  Borrower covenants
and agrees to appear in and defend, at Borrower’s sole cost and expense, any
action or proceeding arising under, growing out of or in any manner connected
with the General Intangibles or the obligations, duties or liabilities of
Borrower under the General Intangibles, and to pay all actual reasonable costs
and expenses of Lender, including, reasonable attorneys’ fees and expenses, in
any such action or proceeding in which Lender may appear.  Neither this Assignment nor any action or
actions on the part of Lender (including, without limitation, any assumption by
Lender of the rights and obligations under the General Intangibles pursuant to
the provisions of Section 5) shall relieve Borrower of any of its
obligations under the General Intangibles and Borrower shall continue to be
primarily liable for all obligations thereunder, Borrower hereby agreeing to
perform each and all of its obligations under the General Intangibles.  Borrower hereby agrees to protect, defend,
indemnify and hold Lender free and harmless from and against any and all loss,
cost, liability or expense (including, but not limited to, reasonable attorneys’
fees and costs and reasonable accountants’ fees and costs) resulting from any
failure of Borrower to so perform under the General Intangibles. 

 5
 

4.             Event of Default. 
It shall be an Event of Default hereunder: (a) upon the breach by
Borrower of any negative covenant or condition hereof; (b) upon the failure by
Borrower in the performance or observance of any affirmative covenant or
condition hereof and the continuance of such failure for thirty (30) days (or
such shorter period of time provided under any other Loan Document) after
notice of such default from Lender (provided that no such notice of default
shall be required if such failure by Borrower is a default under any other Loan
Document and such other Loan Document does not require the giving of notice
prior to the same constituting an Event of Default thereunder); and (c) if any
representation or warranty made by Borrower herein shall have been false or
misleading in any material respect as of the date the representation or
warranty was made.

5.             Certain Rights and Remedies of Lender.  In addition to any of Lender’s rights and
remedies at law or in equity, upon the occurrence of an Event of Default
hereunder or under any of the other Loan Documents, (i) Borrower shall not enter
into, modify, amend or terminate any Contracts without the prior written
consent of Lender and (ii) Lender may, but shall not be obligated to, assume
any or all of the obligations of Borrower under any or all of the Contracts
and/or exercise any or all of the rights, benefits and privileges of Borrower
under any or all of the General Intangibles. 
Without limiting the generality of the foregoing, upon the occurrence of
an Event of Default hereunder or under any of the other Loan Documents, Lender
may give notice to any or all of the Contracting Parties, either requiring the
Contracting Party to continue performance under its Contract or, alternatively,
terminating the Contract.  This
Assignment shall constitute a direction to and full authority to the Contracting
Parties under the Contracts to act at Lender’s written direction and otherwise
perform on Lender’s behalf under the Contracts, without proof of the Event of
Default relied upon.  The Contracting
Parties shall be entitled to rely upon written notice from Lender that Lender
has assumed all of the rights and obligations of Borrower under the applicable
Contract(s) without any inquiry into whether Borrower is in default hereunder
or under any of the other Loan Documents. 
Lender’s notice to any Contracting Party to continue performance under
its Contract may specify (although Lender shall have no obligation to so
specify) that Lender has elected to assume all the rights and obligations of
Borrower under such Contract.  Under no
circumstances shall Lender be deemed by any party to have assumed Borrower’s
rights and obligations under a Contract unless and until such written notice is
delivered to the Contracting Party in accordance with the foregoing
provision.  Lender shall not be liable
for any acts, omissions or defaults occurring or arising under any Contract
prior to Lender’s assumption of such Contract, and Borrower hereby indemnifies
Lender for any liability to which Lender may be exposed due to any such prior
act, omission or default.  The exercise
of any rights under this Assignment by Lender shall not cure or waive any
Default or Event of Default, or invalidate any act done pursuant hereto or
pursuant to any other Loan Documents, but shall be cumulative of all other
rights and remedies under this Assignment and the other Loan Documents.

6.             Right to Cure. 
Upon the occurrence of an Event of Default hereunder or under any of the
Loan Documents or any default or breach by Borrower under any of the General
Intangibles, Lender shall have the right at any time, but shall have no
obligation, to take in its name or in the name of Borrower, or otherwise, such
action as Lender may at any time or from time to time determine to be
reasonably necessary to cure any default under the General Intangibles or to protect
the rights of Borrower or Lender thereunder. 
Lender shall incur no liability to Borrower if any action taken by
Lender or on Lender’s behalf in good faith pursuant 

 6
 

to this Assignment shall prove to be in whole or in
part inadequate or invalid. Borrower hereby agrees to protect, defend,
indemnify and hold Lender and its affiliated entities free and harmless from
and against any and all loss, cost, liability or expense (including, but not
limited to, attorneys’ fees and costs and accountants’ fees and costs) to which
Lender and/or its affiliated entities may be exposed, or that Lender and/or its
affiliated entities may incur, in exercising any of its rights under this
Assignment, except to the extent caused by the gross negligence or willful
misconduct of Lender.

7.             Attorney-in-Fact. 
Borrower hereby irrevocably constitutes and appoints Lender its true and
lawful attorney-in-fact, in Borrower’s name or in Lender’s name, or otherwise,
to enforce all of the rights of Borrower under the General Intangibles,
exercisable at any time from and after the occurrence of an Event of Default by
Borrower hereunder or under any of the other Loan Documents or any default or
breach by Borrower under any of the General Intangibles.  It is hereby recognized that the power of
attorney herein granted is coupled with an interest and shall not be revocable
so long as any of the Obligations (as defined in the Security Instrument) are
outstanding.

8.             Delivery of Consents to Assignment.  Borrower shall promptly request, use all commercially
reasonable efforts to obtain, and upon obtaining same deliver to Lender,
consents to the terms of this Assignment, in the form attached hereto as Exhibit
B or in such other form reasonably acceptable to Lender, from such
Contracting Parties as Lender may request from time to time.

9.             Further
Assurances.  Borrower will, at the cost of
Borrower, and without expense to Lender, do, execute, acknowledge and deliver
all further acts, conveyances, assignments, notices of assignments, transfers
and assurances as Lender shall, from time to time, require for the better
assuring, conveying, assigning, transferring and confirming unto Lender the
property and rights hereby assigned or intended now or hereafter so to be, or
which Borrower may be or may hereafter become bound to convey or assign to
Lender, or for carrying out the intention or facilitating the performance of
the terms of this Assignment or for filing, registering or recording this
Assignment and, on demand, will execute and deliver and hereby authorizes
Lender to execute in the name of Borrower to the extent Lender may lawfully do
so, one or more financing statements, chattel mortgages or comparable security
instruments, to evidence more effectively the lien and security interest hereof
in and upon the General Intangibles.

10.           No Oral Change.  This Assignment and any provisions
hereof may not be modified, amended, waived, extended, changed, discharged or
terminated orally, or by any act or failure to act on the part of Borrower or
Lender, but only by an agreement in writing signed by the party against whom
the enforcement of any modification, amendment, waiver, extension, change,
discharge or termination is sought.

11.           General Definitions.  Unless the context clearly indicates a
contrary intent or unless otherwise specifically provided herein, words used in
this Assignment may be used interchangeably in singular or plural form and the
word “Borrower” shall mean “each Borrower and any subsequent owner or owners of
the Property or any part thereof or interest therein,” the word “Lender” shall
mean “Lender and any subsequent holder of the Note, the word “Note” shall mean “the
Note and any other evidence of indebtedness secured by the Loan Agreement, the 

 7
 

word “Property” shall include any portion of the Property
and any interest therein, the phrases “attorneys’ fees”, “legal fees” and “counsel
fees” shall include any and all attorney’s, paralegal and law clerk fees and
disbursements, including, but not limited to, fees and disbursements at the
pre-trial, trial and appellate levels incurred or paid by Lender in protecting
its interest in the Property, the Leases and the Rents and enforcing its rights
hereunder; whenever the context may require, any pronouns used herein shall
include the corresponding masculine, feminine or neuter forms, and the singular
form of nouns and pronouns shall include the plural and vice versa.  Terms used herein that are defined in Article
8 and Article 9 of the UCC and not otherwise defined herein or by reference
herein have the meaning assigned to such terms therein.

12.           Inapplicable Provisions.  If any term, covenant or condition of
this Assignment is held to be invalid, illegal or unenforceable in any respect,
this Assignment shall be construed without such provision.

13.           Governing Law.  This
Assignment shall be governed in accordance with the terms and provisions of
Section 10.3 of the Loan Agreement.

14.           Notices.  All notices or other
written communications hereunder shall be delivered in accordance with Section
10.6 of the Loan Agreement.

15.           Exculpation.  The
provisions of Section 9.4 of the Loan Agreement are hereby incorporated by
reference into this Assignment to the same extent and with the same force as if
fully set forth herein.

16.           Termination of Assignment.  Upon
indefeasible repayment and performance in full of the Debt and the other
Obligations, this Assignment shall be deemed automatically terminated and of no
further force or effect.

17.           WAIVER OF TRIAL BY JURY.  BORROWER HEREBY WAIVES, TO
THE FULLEST EXTENT PERMITTED BY LAW, THE RIGHT TO TRIAL BY JURY IN ANY ACTION,
PROCEEDING OR COUNTERCLAIM, WHETHER IN CONTRACT, TORT OR OTHERWISE, RELATING
DIRECTLY OR INDIRECTLY TO THIS ASSIGNMENT, THE NOTE, OR THE OTHER LOAN
DOCUMENTS OR ANY ACTS OR OMISSIONS OF LENDER, ITS OFFICERS, EMPLOYEES,
DIRECTORS OR AGENTS IN CONNECTION THEREWITH.

18.           Successors and Assigns.  This
Assignment shall be binding upon Borrower and its successors and assigns and
shall inure to the benefit of Lender and its successors and assigns
forever.  Borrower may not assign or
delegate this Assignment without the prior written consent of Lender, and any
attempted assignment without such consent shall be null and void.

19.           Headings, Etc.  The
headings and captions of various sections and paragraphs of this Assignment are
for convenience of reference only and are not to be construed as defining or
limiting, in any way, the scope or intent of the provisions hereof.

20.           Performance of Borrower’s Obligations.  Borrower shall pay immediately upon demand
all reasonable sums expended by Lender under the authority hereof together with

 8
 

interest thereon at the Default Rate and the same
shall be an obligation of Borrower and shall be secured hereby and by the Loan
Documents.

21.           Facsimile Signature.  Execution of the signature page of this
Assignment by Borrower and the delivery thereof to Lender or its counsel by
facsimile shall be fully effective as if any such party had executed and
delivered an original counterpart of this Assignment.

22.           Joint and Several Liability.  If Borrower consists of more than one Person,
the obligations and liabilities of each such Person shall be joint and several.

REMAINDER OF PAGE
INTENTIONALLY LEFT BLANK

 

 9

 

IN WITNESS WHEREOF, Borrower has executed this
Assignment as of the day and year first above written.

	
  

  	
  PH FEE OWNER LLC, a Delaware limited 

  liability company

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  OPBIZ, L.L.C., a Nevada limited liability 

  company

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
				

 

 

EXHIBIT A  

List of Contracts, Operating Permits, Construction
Permits

(see attached)

 

EXHIBIT B

Form of
Contracting Party’s Consent

CONTRACTING PARTY’S
CONSENT

[                          ]
(“Contracting Party”) is a party to an agreement relating to the
property commonly known as the Aladdin Hotel and Casino, Las Vegas, Nevada,
which agreement is attached as Exhibit A hereto (the “Contract”).  Contracting Party acknowledges that Column
Financial, Inc., a Delaware corporation (“Lender”), has made a loan to
PH Fee Owner LLC, a Delaware limited liability company, and OpBiz, L.L.C., a
Nevada limited liability company (individually or collectively as the context
may require, “Borrower”), which loan is secured by, among other things,
Borrower’s right, title and interest in and to the Property and the contracts,
licenses and permits relating to the Property.

Contracting
Party hereby agrees as follows:

1.             Contracting Party acknowledges and
consents to the assignment of the Contract by Borrower to Lender and the right
of Lender to terminate the Contract, each as set forth in that certain
Assignment of Contracts, Licenses and Permits, dated as of [              ],
2006 (the “Assignment”), from Borrower to Lender.

2.             In the event Lender assigns its
interests under the Contract, then, at the request of the successor or assign
of Lender (the “Successor”), and upon the Successor’s written agreement
to accept Contracting Party’s attornment, Contractor shall attorn and shall
promptly execute and deliver any instrument the Successor may reasonably
require to evidence such attornment. 
Upon the attornment referred to in this Section 2, the Contract shall
continue in full force and effect as if it were a direct agreement between and
binding upon the Successor and Contracting Party.

3.             In the event Lender elects to
terminate the Contract in accordance with the Assignment, then the Contract
will terminate upon Lender’s delivery of written notice thereof and Lender
shall have no liability or obligation thereunder.

CONTRACTING PARTY

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