Amendment No. 1 to Design/Build Contract
ALADDIN HOLDINGS, LLC
0000 Xxxx Xxxxxxxxxx Xxxx., Xxx. X-00
Xxx Xxxxx, Xxxxxx 00000
(000) 000-0000
AMENDMENT NO. 1
This Amendment No. 1 is entered into this 21st day of January, 1998 by and
between Aladdin Holdings, LLC and Fluor Xxxxxx, Inc.
WHEREAS, on December 4, 1997, the parties executed a Contract for the
design and construction of the Aladdin Hotel & Casino, related retail and
underground parking (the "Project");
WHEREAS, the parties now desire to amend said Contract in certain
particulars;
NOW, THEREFORE, for good and valuable consideration the receipt of which
is acknowledged, the parties agree as follows to:
Amend article 4.1 of the Contact in the following respects:
1) 4.1 Guaranteed Maximum Price. Design/Builder shall be paid on a
Guaranteed Maximum Price ("GMP") basis as described in Attachment G.
Subject to additions and deductions which may be made in accordance
with the Contract Documents, Design/Builder agrees that the total
costs payable by Owner for the Work described in Attachments A and E
shall not exceed a Guaranteed Maximum Price of Two Hundred
Sixty-Seven Million Dollars ($267,000,000.00), as set forth in
Attachment G. Design/Builder agrees to honor the GMP provided that
the Notice to Proceed is received on or before February 15, 1998. In
the event that the Notice to Proceed is not received on or before
February 15, 1998, Design/Builder reserves the right to revise the
GMP. In the event that the Notice to Proceed is not received on or
before March 1, 1998, Design/Builder may terminate this Contract
without any further obligation.
Except as specifically set forth above, all other terms and conditions of
the Contract remain unchanged.
FLUOR XXXXXX, INC. ALADDIN HOLDINGS, LLC, a Delaware
Limited Liability Company
By: /s/ Xxx XxXxxxxx By: ALADDIN MANAGEMENT CORP.,
--------------------------- a Nevada Corporation, its Manager
Title: Vice President
--------------------------
Date: January 21, 1998 By: /s/ Xxxxxx Xxxxxxx
--------------------------- ---------------------
Xxxxxx Xxxxxxx
Chief Financial Officer and Treasurer
