Document:

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                                                                  EXHIBIT 10.14

                               WAIVER AGREEMENT

     This Waiver Agreement dated as of November 4, 1999 executed with
reference to the Loan Agreement dated as of March 23, 1998, as amended, among
Hard Rock Hotel, Inc., a Nevada corporation ("Borrower"), the Lenders
referred to therein and Bank of America National Trust and Savings
Association (now known as Bank of America, N.A.), as Administrative Agent
with reference to the following facts:

     A.  Borrower has failed to be in compliance with its obligations under
     the Fixed Charge Coverage covenant set forth in Section 6.13 as of the
     last day of its Fiscal Quarters ended May 31, 1999 and August 31, 1999,
     and with the Senior Leverage covenant set forth in Section 6.12 of the
     Loan Agreement as of the last day of its Fiscal Quarter Ended August 31,
     1999.

     B.  Borrower anticipates that it will not be in compliance with such
     convenants as of the last day of its Fiscal Quarter ending November 30,
     1999.

     C.  During the period beginning on August 31, 1999, Peter A. Morton has
     purchased $8,000,000 in preferred stock of Borrower.  Peter A. Morton has
     also agreed to purchase (or cause an entity to be designated by Peter A.
     Morton to purchase) for cash additional preferred stock of Borrower
     (with identical rights and preferences) prior to December 31, 1999, in
     the amount of $20,000,000 (for a total of $28,000,000).

     D.  Borrower has agreed to use the proceeds of issuance of such
     additional preferred stock, concurrently with the issuance thereof, to
     (i) pay all remaining construction payables associated with the Proposed
     Expansion, and (ii) repay and reduce the outstanding Obligations by an
     amount not less than $18,000,000.  Concurrently therewith, Borrower
     shall reduce the Commitment by not less than $15,000,000.

     1.  DEFINITIONS.  Capitalized terms used herein are used with the
meanings set forth for those terms in the Loan Agreement.

     2.  ADDITIONAL PREFERRED STOCK; COMMITMENT REDUCTIONS.  (a) Borrower has
heretofore issued preferred stock in the aggregate amount of $8,000,000 in a
form delivered to the Administrative Agent and its counsel.

     (b) Borrower covenants and agrees that it shall issue, not later than
December 31, 1999, an additional $20,000,000 of preferred stock to Peter A.
Morton (or an entity to be designated by Peter A. Morton) in exchange for
cash and with identical rights and preferences EXCEPT THAT such additional
preferred stock may provide for a coupon in the amount of twelve percent
(12%) or such higher rate as may be acceptable to the Administrative Agent.

     (c) Borrower hereby agrees that concurrently with the issuance to Peter
A. Morton or his designee of the final $20,000,000 of preferred stock
referred to above, it shall (i) pay all remaining construction payables
associated with the Proposed Expansion, and (ii) repay the outstanding
Obligations by the amount of the net cash proceeds of such issuance (but not
less than $18,000,000).  Borrower agrees that, concurrently with the making
of such payment, the Commitment shall be automatically reduced by $15,000,000.

                                     -1-
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     (d) Provided that the Commitment is so reduced by an amount which is not
less than $15,000,000 on or prior to December 31, 1999, the Lenders hereby
agree that the mandatory reductions to the Commitment of $2,475,000 each
required by Section 2.6 of the Loan Agreement to occur on February 29, 2000,
May 31, 2000, August 31, 2000 and November 30, 2000 shall be waived.

     3.  REPRESENTATIONS.  Borrower represents and warrants to the Lenders
     that:

         (a)  No Default or Event of Default has occurred and remains
     continuing which is not cured by this Waiver Agreement;

         (b)  Before giving effect to the purchases of preferred stock
     described in Section 2 of this Amendment, the Senior Leverage Ratio as
     of August 31, 1999 is not greater than 4.85:1.00 and the Fixed Charge
     Coverage Ratio as of the same date is not less than 0.60:1.00.

     4.  AUGMENTATION OF ANNUALIZED EBITDA AND WAIVER.  Subject to the
accuracy of the representation set forth in Section 3(b) hereof, the Lenders
hereby waive any failure of the Borrower to be in compliance with Sections
6.12 and 6.13 of the Loan Agreement as of the Fiscal Quarters ended May 31,
1999 and August 31, 1999.  The Lenders hereby agree that the $8,000,000
amount of the preferred stock heretofore issued by Borrower shall be added to
Annualized EBITDA of Borrower in determining the numerator of the Senior
Leverage Ratio and the Fixed Charge Coverage Ratio for the Fiscal Quarter
ending November 30, 1999 and the three immediately following Fiscal Quarters.
No portion of the additional $20,000,000 in preferred stock proposed to be
issued by Borrower shall be so added.

     5.  SENIOR LEVERAGE RATIO AS OF NOVEMBER 30, 1999.  The Lenders hereby
waive the requirement of Section 6.12 that the Senior Leverage Ratio not be
in excess of 2.35:1.00 as of November 30, 1999, provided that the Senior
Leverage Ratio as of that date is not in excess of 3.00:1.00.

     6.  FIXED CHARGE COVERAGE RATIO AS OF NOVEMBER 30, 1999.  The Lenders
hereby waive the requirement of Section 6.13 that the Fixed Charge Coverage
Ratio be not less than 1.15:1.00 as of November 30, 1999, provided that the
Fixed Charge Coverage Ratio as of that date is not less than 1.05:1.00.

     7.  MAINTENANCE CAPITAL EXPENDITURES.  The Lenders hereby waive the
failure of Borrower to comply with Section 6.14(b)'s limitation on the amount
of Maintenance Capital Expenditures which may be made by Borrower during any
Fiscal Year with respect to the Fiscal Year ending November 30, 1999 only,
and provided that such Maintenance Capital Expenditures do not exceed
$7,500,000 during such Fiscal Year.

     8.  ACKNOWLEDGMENT REGARDING RELEASE OF MAKE-WELL AGREEMENT.  It is
acknowledged and agreed that, in determining whether the "Release Date"
referred to in the Make-Well agreement has occurred, no portion of the
proceeds of preferred stock issued by Borrower shall be deemed to increase
Annualized EBITDA.

     9.  CONDITIONS PRECEDENT.  As conditions precedent to the effectiveness
hereof, the Administrative Agent shall have received:

                                     -2-
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          (a) Written consents hereto executed by each of the Lenders; and

          (b) a written consent and reaffirmation executed by Peter A. Morton
in the form of Exhibit A hereto, pursuant to which he shall confirm his
agreement to purchase Acceptable Preferred Stock as aforesaid.

     6.  CONFIRMATION.  In all other respects, the Loan Agreement and the
other Loan Documents are hereby confirmed.

     IN WITNESS WHEREOF, the parties hereto have executed this Waiver
Agreement as of the date first written above by their duly authorized
representatives.

                                       HARD ROCK HOTEL, INC.

                                       By:  /s/ Peter Morton
                                            ----------------------------------

                                       Title: President
                                              --------------------------------

                                       BANK OF AMERICA, N.A.,
                                       as Administrative Agent

                                       By:  /s/ Janice Hammond
                                            ----------------------------------
                                            Janice Hammond, Vice President

                                      -3-
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                               CONSENT OF LENDER

     The undersigned Lender is a party to the Loan Agreement dated as of
March 23, 1998, as amended, among Hard Rock Hotel, Inc., a Nevada corporation
("Borrower"), the Lenders referred to therein and Bank of America National
Trust and Savings Association (now known as Bank of America, N.A.), as
Administrative Agent, and hereby consents to the execution and delivery of
a proposed Waiver Agreement, substantially in the form of a draft provided to
the undersigned.

BANK OF AMERICA, N.A.
---------------------------
[Name of Lender]

By: ILLEGIBLE
   ------------------------

Title: Managing Director
       --------------------

                                      -4-
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                               CONSENT OF LENDER

     The undersigned Lender is a party to the Loan Agreement dated as of
March 23, 1998, as amended, among Hard Rock Hotel, Inc., a Nevada corporation
("Borrower"), the Lenders referred to therein and Bank of America National
Trust and Savings Association (now known as Bank of America, N.A.), as
Administrative Agent, and hereby consents to the execution and delivery of
a proposed Waiver Agreement, substantially in the form of a draft provided to
the undersigned.

BANK OF SCOTLAND
----------------------------
[Name of Lender]

By: /s/ Annie Glynn
   -------------------------
Title: Annie Glynn, Senior Vice President
       ----------------------------------

                                      -5-

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                               CONSENT OF LENDER

     The undersigned Lender is a party to the Loan Agreement dated as of
March 23, 1998, as amended, among Hard Rock Hotel, Inc., a Nevada corporation
("Borrower"), the Lenders referred to therein and Bank of America National
Trust and Savings Association (now known as Bank of America, N.A.), as
Administrative Agent, and hereby consents to the execution and delivery of
a proposed Waiver Agreement, substantially in the form of a draft provided to
the undersigned.

Imperial Bank
----------------------------
[Name of Lender]

By: /s/ Steven K. Johnson
   -------------------------

Title: SVP - Imperial Bank
       ---------------------

                                      -6-
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                               CONSENT OF LENDER

     The undersigned Lender is a party to the Loan Agreement dated as of
March 23, 1998, as amended, among Hard Rock Hotel, Inc., a Nevada corporation
("Borrower"), the Lenders referred to therein and Bank of America National
Trust and Savings Association (now known as Bank of America, N.A.), as
Administrative Agent, and hereby consents to the execution and delivery of
a proposed Waiver Agreement, substantially in the form of a draft provided to
the undersigned.

PNC Bank, National Association

 /s/ Denise D. Killen
------------------------------
Denise D. Killen
Vice President

                                      -7-
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                               CONSENT OF LENDER

     The undersigned Lender is a party to the Loan Agreement dated as of
March 23, 1998, as amended, among Hard Rock Hotel, Inc., a Nevada corporation
("Borrower"), the Lenders referred to therein and Bank of America National
Trust and Savings Association (now known as Bank of America, N.A.), as
Administrative Agent, and hereby consents to the execution and delivery of
a proposed Waiver Agreement, substantially in the form of a draft provided to
the undersigned.

Wells Fargo Bank N.A.
----------------------------
[Name of Lender]

By: ILLEGIBLE
   -------------------------

Title: Relationship Manager
       ---------------------

                                      -8-
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                                   Exhibit A

                           CONSENT OF PETER A. MORTON

     This consent is delivered with reference to the Loan agreement dated as
of March 23, 1998, as amended, among Hard Rock Hotel, Inc., a Nevada
corporation ("Borrower"), the Lenders referred to therein and Bank of America
National Trust and Savings Association (now known as Bank of America, N.A.),
as Administrative Agent.  The undersigned hereby consents to the execution,
delivery and performance of a proposed Waiver Agreement dated as of August
31, 1999, substantially in the form delivered to the undersigned as a draft.
The undersigned further confirms for the benefit of the Lenders that (a) he
has agreed to make an additional purchase of $20,000,000 in Acceptable
Preferred Stock (as described in the Waiver Agreement) on or before December
31, 1999, and (b) giving effect to the Amendment, the Completion Guaranty and
the Make Well Agreement referred to in the Loan Agreement remain in full
force and effect.

     It is acknowledged and agreed that, in determining whether the "Release
Date" referred to in the Make-Well Agreement has occurred, no portion of the
proceeds of Acceptable Preferred Stock shall be deemed to increase Annualized
EBITDA.

                                             /s/ Peter A. Morton
                                             ------------------------------
                                             Peter A. Morton

                                      -9-<PAGE>

                                                                 EXHIBIT 10.15

                         SUBSCRIPTION AGREEMENT FOR SHARES
                            OF 91/4% SERIES A CUMULATIVE
                      PREFERRED STOCK OF HARD ROCK HOTEL, INC.

     This Subscription Agreement is made by and between Hard Rock Hotel,
Inc., a Nevada corporation (the "Company") and Peter Morton, an individual
("Mr. Morton"), who is subscribing hereby for shares of the Company's 91/4%
Series A Cumulative Preferred Stock (the "Shares").

     In consideration of the Company's agreement to sell the Shares to Mr.
Morton upon the terms and conditions set forth herein, Mr. Morton agrees and
represents as follows:

A.   SUBSCRIPTION

     1.   Mr. Morton hereby subscribes to purchase 2,000 Shares at $1,000 per
Share. Simultaneously with the execution of this Subscription Agreement, Mr.
Morton is paying and delivering to the Company $2,000,000 in the form of a
check or wire transfer (the "Payment") payable to Hard Rock Hotel, Inc.

     2.   The closing of the purchase and sale of the Shares  (the "Closing")
shall occur on October 29, 1999.

     3.   At the Closing, against delivery of the Payment by Mr. Morton, the
Company shall deliver to Mr. Morton a certificate representing the Shares
registered in such name as Mr. Morton may request.

B.   REPRESENTATIONS AND WARRANTIES

          Mr. Morton hereby represents and warrants to, and agrees with the
Company as follows:

          (a)  The Shares are being purchased for Mr. Morton's own account, for
     investment purposes only, and not for the account of any other person or
     entity, and not with a view to distribution, assignment, or resale to
     others or to fractionalization in whole or in part and that the offering
     and sale of the Shares is intended to be exempt from registration under the
     Securities Act of 1933 (the "Act") by virtue of Section 4(2) of the Act.

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          (b)       The person executing this Subscription Agreement on behalf
     of Mr. Morton has been duly authorized and is duly qualified (A) to execute
     and deliver this Subscription Agreement and all other instruments executed
     and delivered on behalf of Mr. Morton in connection with the purchase of
     the Shares and (B) to purchase and hold Shares.

C.   REPRESENTATIONS AND WARRANTIES OF THE COMPANY

          The Company represents and warrants to, and agrees with Mr. Morton
as follows:

     1.   CORPORATE FORM.  The Company is a corporation duly organized,
validly existing and in good standing under the laws of the State of Nevada
and has all requisite corporate power and authority to own or lease and
operate its properties and to carry on its business as now conducted.

     2.   CORPORATE AUTHORITY.  The Company has all requisite corporate power
and authority to enter into and perform all of its obligations under this
Agreement and to issue the Shares and to carry out the transactions
contemplated hereby.

     3.   ACTION AUTHORIZED.  The Company has taken all actions necessary to
authorize it to enter into and perform its obligations under this Agreement
and to consummate the transactions contemplated hereby.  This Agreement has
been duly executed and delivered by the Company and constitutes a legal,
valid and binding obligation of the Company, enforceable in accordance with
its terms. The Shares, when issued and delivered in accordance with the terms
hereof, will be duly and validly issued, fully paid and nonassessable.

     4.   REQUIRED FILINGS AND APPROVALS.  Neither the nature of the Company
or of its business or properties, nor any circumstance in connection with the
offer, issuance, sale or delivery of the Shares as contemplated hereby, is
such as to require a consent, approval or authorization of, or filing,
registration or qualification with, any governmental authority on the part of
the Company as a condition to the execution and delivery of this Agreement or
the offer, issuance, sale or delivery of the Shares at the Closing, other
than the filings, registrations or qualifications under (i) Regulation D
under the Act and (ii) the state securities laws or "blue sky" laws of any
state of the United States of America that may be required to be made or
obtained, all of which the Company will comply with prior to the date of the
Closing.

     5.   NO CONFLICTS.  None of the execution, delivery or performance of
this Agreement by the Company will conflict with the Second Amended and
Restated Articles of Incorporation, as amended or the Second Amended and
Restated By-laws of the Company or result in any

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breach of, or constitute a default under any material contract, agreement or
instrument to which the Company is a party or by which it or any of its
assets is bound.

D.   MISCELLANEOUS

     1.   All pronouns and any variations thereof used herein shall be deemed
to refer to the masculine, feminine, singular, or plural as the identity of
the person or persons may require.

     2.   Neither this Subscription Agreement nor any provisions hereof shall
be waived, modified, changed, discharged, terminated, revoked, or cancelled
except by an instrument in writing signed by the party against whom any
change, discharge, or termination is sought.

     3.   Notices required or permitted to be given hereunder shall be in
writing and shall be deemed to be sufficiently given when personally
delivered or sent by registered mail, return receipt requested, addressed to:
the Company at 4455 Paradise Road, Las Vegas, NV 89109 or Mr. Morton at 510
North Robertson Boulevard, Los Angeles, CA 90048.

     4.   Failure of the Company to exercise any right or remedy under this
Subscription Agreement or any other agreement between the Company and Mr.
Morton, or otherwise, or delay by the Company in exercising such right or
remedy, will not operate as a waiver thereof.  No waiver by the Company will
be effective unless and until it is in writing and signed by the Company.

     5.   This Subscription Agreement shall be enforced, governed and
construed in all respects in accordance with the laws of the State of Nevada,
as such laws are applied by Nevada courts to agreements entered into and to
be performed in Nevada and shall be binding upon Mr. Morton, Mr. Morton's
legal representatives, successors and assigns and shall inure to the benefit
of the Company and its successors and assigns.

     6.   In the event that any provision of this Subscription Agreement is
invalid or unenforceable under any applicable statute or rule of law, then
such provision shall be deemed inoperative to the extent that it may conflict
therewith and shall be deemed modified to conform with such statute or rule
of law.  Any provision hereof which may prove invalid or unenforceable under
any law shall not affect the validity or enforceability of any other
provision hereof.

     7.   This Subscription Agreement constitutes the entire agreement among
the parties hereto with respect to the subject matter hereof and supersede
any and all prior or contemporaneous representations, warranties, agreements
and understandings in connection therewith.  Except as otherwise provided in
this Article D, this agreement may be amended only by a writing executed by
all parties hereto.

                                       3
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     THE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (THE "ACT") AND MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED
UNLESS THE SECURITIES ARE REGISTERED UNDER THE ACT OR AN EXEMPTION THEREFROM IS
AVAILABLE.

                                       4
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IN WITNESS WHEREOF, the Company and Peter Morton have executed this Agreement
as of the date first above written.

                                       HARD ROCK HOTEL, INC.

                                       By:   /s/ Peter Morton
                                             ---------------------------------
                                               Peter Morton

                                       Title:  Chairman of the Board,
                                               Chief Executive Officer,
                                               President and Secretary

Number of shares of the                PETER MORTON, AN INDIVIDUAL
Preferred Stock of the Company
subscribed for by Peter Morton:
                                       By:   /s/ Peter Morton
                                             ---------------------------------
                                               Peter Morton
   2,000
------------------------------
Shares

Method of Payment for
the Stock by Purchaser:

$2,000,000 by wire transfer of funds or certified or bank cashier's check.

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