Third Amendment to Employment Agreement between Nevada Property 1 LLC and Lisa Marchese

Summary

This amendment extends the employment agreement between Nevada Property 1 LLC and Lisa Marchese for an additional 90 days, now expiring on September 1, 2015. All other terms of the original agreement remain unchanged. The amendment is signed by representatives of the company and Lisa Marchese.

EX-10.2 2 exhibit102q263015.htm EXHIBIT 10.2 Exhibit 10.2 Q2 6.30.15

Exhibit 10.2

May 27, 2015

Lisa Marchese

4575 Dean Martin Dr.

Apartment 602

Las Vegas, NV 89109

RE: THIRD LETTER AMENDMENT TO EMPLOYMENT AGREEMENT

Dear Lisa:

Reference is made to that certain Employment Agreement dated as of January 1, 2012, (as amended, the “Agreement”), by and between Nevada Property 1 LLC (“Employer”), and Lisa Marchese (“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 “Third Amendment”). In particular, the parties hereby acknowledge and agree the Specified Term of the Agreement is hereby further extended for a period of ninety (90) days, expiring on September 1, 2015.

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



NEVADA PROPERTY 1 LLC			EXECUTIVE

By: /S/ William P. McBeath			By: /S/ Lisa Marchese
Name: William P. McBeath			Name: Lisa Marchese
Title: Chief Executive Officer			Title: Chief Marketing Officer

By: /S/ Anthony J. Pearl
Name: Anthony J. Pearl
Title: General Counsel and Chief Compliance Officer