November 7, 2014 Tom McCartney

Exhibit 10.4

November 7, 2014

Xxx XxXxxxxxx

0000 Xxxxx Xxxx Xxxxx

Xxx Xxxxx, Xxxxxx 00000

        RE:    FIRST LETTER AMENDMENT TO EMPLOYMENT AGREEMENT

Dear Xxx:

Reference is made to that certain Employment Agreement, dated as of December 6, 2011, the (“Agreement”), by and between Nevada Property 1 LLC (“Employer”), and Xxx XxXxxxxxx (“Executive”). All capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Agreement.

Employer and Executive have agreed to amend certain provisions of the Agreement by this letter amendment (this “First Amendment”). In particular, the parties hereby acknowledge and agree the Specified Term of the Agreement is hereby extended for a period of ninety (90) days, expiring on April 1, 2015.

Except as expressly modified by this First Amendment, the terms of the Agreement remain in full force and effect, unmodified.

NEVADA PROPERTY 1 LLC						EXECUTIVE
By:		/s/ Xxxx Xxxxx				By:		/s/ Xxxxxx X. XxXxxxxxx
		Name: Xxxx Xxxxx Title: Chief Executive Officer						Name: Xxxxxx X. XxXxxxxxx Title: Chief Operating Officer

By:		/s/ Xxxxxx X. Xxxxxx
		Name: Xxxxxx X. Xxxxxx Title: Chief Financial Officer