EXHIBIT 10.2(7)
GOLDEN
NUGGET
XXXXXX XXXXXXXXX
Executive Vice President
Chief Financial Officer
March 21, 2000
Xx. Xxxxxxxx X. Xxxxxxx
Xxxxxxxxx Properties Trust
0000 Xxxxx Xxxxxxxx Xxxxxxx
Xxx Xxxxx, XX 00000
RE: Lease Agreement - Xxxxxxxxx Properties Trust and Golden Nugget, Inc.
Dear Xxxxxxxx:
Pursuant to the terms of the lease between Xxxxxxxxx Properties Trust and Golden
Nugget, Inc., effective May 1, 2000, rent on the leased property will be
increased to $309,500.00 per annum, payable $25,791.67 monthly. Rent will remain
at this level until May 1, 2003, at which time rental increases pursuant to
Section 4.2 of the Lease shall commence.
Please execute below and return to me at your first convenience.
Sincerely,
XXXXXX XXXXXXXXX
Xxxxxx Xxxxxxxxx
BK/ljd
XXXXXXXXX PROPERTIES TRUST
By XXXXXXXX X. XXXXXXX, TRUSTEE
----------------------------
Xxxxxxxx X. Xxxxxxx
POST OFFICE BOX 610, LAS VEGAS, NEVADA 89125, (000) 000-0000
