TERMINATION AGREEMENT
Exhibit 10.26
This Termination Agreement (this “Termination”) is dated as of the 26th day of February 2015, by and among Wynn Las Vegas, LLC, a Nevada limited liability company (the “Company”) and the entities listed on Exhibit A (and together with the Company, the “Wynn Entities”), and Wynn Resorts, Limited, a Nevada corporation (the “Manager”).
WHEREAS, the Wynn Entities and the Manager have entered into that certain Management Agreement, dated as of December 14, 2004, as amended (the “Agreement”); and
WHEREAS, the Wynn Entities and the Manager desire to terminate the Agreement.
NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1. | Termination of Agreement. The Wynn Entities and the Manager agree that the Agreement shall terminate and be of no further force or effect as of February 26, 2015. |
2. | Counterparts. This Termination may be executed in one or more counterparts, each of which independently shall be deemed to be an original. |
[Remainder of Page Intentionally Left Blank]
IN WITNESS WHEREOF, the parties hereto have executed this Termination as of the date first above written.
WYNN RESORTS, LIMITED, |
a Nevada corporation |
By: /s/ Xxxxxxx Xxxxxx |
Name: Xxxxxxx Xxxxxx |
Title: Chief Financial Officer, SVP and Treasurer |
Wynn Las Vegas, LLC, |
a Nevada limited liability company |
By: Xxxx Resorts Holdings, LLC, |
a Nevada limited liability company, |
its sole member |
By: Wynn Resorts, Limited, |
a Nevada corporation, |
its sole member |
By: /s/ Xxxxxxx Xxxxxx |
Name: Xxxxxxx Xxxxxx |
Title: Chief Financial Officer, SVP and Treasurer |
Xxxx Show Performers, LLC, |
a Nevada limited liability company |
By: Xxxx Las Vegas, LLC, |
a Nevada limited liability company, |
its sole member |
By: Xxxx Resorts Holdings, LLC, |
a Nevada limited liability company, |
its sole member |
By: Wynn Resorts, Limited, |
a Nevada corporation, |
its sole member |
By: /s/ Xxxxxxx Xxxxxx |
Name: Xxxxxxx Xxxxxx |
Title: Chief Financial Officer, SVP and Treasurer |
Wynn Las Vegas Capital Corp., |
a Nevada corporation |
By: /s/ Xxxxxxx Xxxxxx |
Name: Xxxxxxx Xxxxxx |
Title: Chief Financial Officer and Treasurer |
Xxxx Golf, LLC, |
a Nevada limited liability company |
By: Wynn Resorts, Limited, |
a Nevada corporation, |
its sole member |
By: /s/ Xxxxxxx Xxxxxx |
Name: Xxxxxxx Xxxxxx |
Title: Chief Financial Officer, SVP and Treasurer |
World TraveL, LLC, |
a Nevada limited liability company |
By: Xxxx Las Vegas, LLC, |
a Nevada limited liability company, |
its sole member |
By: Xxxx Resorts Holdings, LLC, |
a Nevada limited liability company, |
its sole member |
By: Wynn Resorts, Limited, |
a Nevada corporation, |
its sole member |
By: /s/ Xxxxxxx Xxxxxx |
Name: Xxxxxxx Xxxxxx |
Title: Chief Financial Officer, SVP and Treasurer |
LAS VEGAS JET, LLC, |
a Nevada limited liability company |
By: Wynn Resorts, Limited, |
a Nevada corporation, |
its sole member |
By: /s/ Xxxxxxx Xxxxxx |
Name: Xxxxxxx Xxxxxx |
Title: Chief Financial Officer, SVP and Treasurer |
Xxxx Sunrise, LLC, |
a Nevada limited liability company |
By: Xxxx Las Vegas, LLC |
a Nevada limited liability company, |
its sole member |
By: Xxxx Resorts Holdings, LLC, |
a Nevada limited liability company, |
its sole member |
By: Wynn Resorts, Limited, |
a Nevada corporation, |
its sole member |
By: /s/ Xxxxxxx Xxxxxx |
Name: Xxxxxxx Xxxxxx |
Title: Chief Financial Officer, SVP and Treasurer |
Exhibit A |
1. Wynn Show Performers, LLC, a Nevada limited liability company. |
2. Wynn Las Vegas Capital Corp., a Nevada corporation. |
3. Xxxx Golf, LLC, a Nevada limited liability company. |
4. World Travel, LLC, a Nevada limited liability company. |
5. Las Vegas Jet, LLC, a Nevada limited liability company. |
6. Xxxx Sunrise, LLC, a Nevada limited liability company. |
