FIRST AMENDMENT TO XXXXXX AGREEMENT
This amendment (the "Amendment") to that certain
Agreement (the "Agreement") dated December 22, 1997 between
Mirage Resorts, Incorporated, a Nevada corporation
("Parent"), and Xxxx X. Xxxxxx, a Nevada resident, individually,
as executrix of the Estate of Xxxxxxx X. Xxxxxx, and as Trustee
for the Xxxxxx Family Trust (the "Trust") under an Agreement
dated July 14, 1993 (in all such capacities, "Seller"), is
entered into as of this 30th day of January, 1998 between Parent
and Seller with reference to the following fact:
A. The Trust, rather than Xxxxxx, is the record and
beneficial owner of 600 shares of Series A 6% Non-Voting
Cumulative Preferred Shares of the Company.
In consideration of the foregoing premise, Parent and
Seller hereby agree to amend the Agreement as follows:
1. The first sentence of Recital B of the
Agreement shall be deleted in its entirety and shall be
replaced by the following:
"The Trust is the owner of 600 shares (the "Preferred
Stock") of Series A 6% Non-Voting Cumulative Preferred
Shares (the "Preferred Shares") of the Company."
2. The second sentence of Section 4.1 of the
Agreement shall be deleted in its entirety and shall be
replaced by the following:
"On the date hereof, the Trust is the record and
beneficial owner of the Preferred Stock, and, on the date
hereof, such Preferred Stock constitutes all of the
Preferred Stock owned of record or beneficially by Seller."
IN WITNESS WHEREOF, the parties hereto have duly executed
this Amendment as of the date first above set forth.
PARENT: SELLER:
MIRAGE RESORTS, INCORPORATED XXXX X. XXXXXX
a Nevada corporation _____________________________
Xxxx X. Xxxxxx, a Nevada
resident, Individually, as
By: XXXXXX X. XXX executrix of the Estate
_______________________ of Xxxxxxx X. Xxxxxx, and as
Xxxxxx X. Xxx Trustee for the Xxxxxx
Chief Financial Officer Family Trust under an
Agreement dated July 14, 1993
Exhibit 10(mmm)
