Xxxxxx X. Xxxxxxx
President B E L L A G I O
June 29, 1999
Xx. Xxxxxxx X. Xxxx
Chairman of the Board and
Chief Executive Officer
Mirage Resorts, Incorporated
0000 Xxx Xxxxx Xxxxxxxxx Xxxxx
Xxx Xxxxx, Xxxxxx 00000
Re: Amendment No. 3 to Fine Art Rental Agreement
Dear Xxxxx:
This letter confirms our agreement that, effective this date, Bellagio
will sell to you, and you will purchase from Bellagio, the work of fine
art entitled "Portrait of Xxxx Xxxx" by Xxxxx Xxxxxxx (1942, oil on
panel, 36-1/2 x 28-3/4 inches) (the "Work") for the purchase price of
$10,000,000 in cash. Pursuant to Paragraph 3 of the letter agreement
dated December 31, 1998 between Bellagio and you (the "Rental
Agreement"), this letter further confirms our agreement that, effective
this date, the Work shall be added to Exhibit A to the Rental Agreement
for the monthly rent of $24,042.
Please sign below to confirm your agreement to the foregoing. My
signature below confirms Bellagio's agreement thereto.
Very truly yours,
BELLAGIO
By: XXXXXX X. XXXXXXX
-------------------------------------
XXXXXX X. XXXXXXX
President and Chief Executive Officer
I hereby agree to the foregoing.
XXXXXXX X. XXXX
-------------------------------------
XXXXXXX X. XXXX
cc: Xxxxx X. Xxxxx
Xxxxx X. Xxxxx
Xxxxx X. Xxxxxx
Xxxxxx X. Xxxxx
P.O. BOX 7700, LAS VEGAS, NEVADA 89177-7700
EXHIBIT 10.4
