COAST CASINOS INC
AMENDMENT TO CONSTRUCTION DEED OF TRUST-ORLEANS
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<TYPE>EX-10
<SEQUENCE>14
<FILENAME>exhibit10_44.htm
<DESCRIPTION>AMENDMENT TO CONSTRUCTION DEED OF TRUST-ORLEANS
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<TITLE>Amendment to Amended and Restated Construction Deed of Trust-Gold Coast </TITLE>
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<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 10.44 </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>APN: 162-19-302-001,&nbsp;&nbsp;162-19-402-001 </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>RECORDING REQUESTED BY<BR>AND WHEN RECORDED MAIL TO: </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>DORSEY &amp; WHITNEY LLP<BR>Suite 1500, 50 South
Sixth StreetMinneapolis, <BR>Minnesota 55402-1498Attention: <BR>Kenneth T. Tyra </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>INSTRUCTIONS TO COUNTY RECORDER:<BR>
Please index this document as <BR>(1)&nbsp;a construction deed of trust <BR>(2)&nbsp;assignment of
rents and leases; and <BR>(3)&nbsp;a fixture filing. </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Space above for Recorder&#146;s Use) </FONT></P><BR>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>AMENDMENT TO AMENDED
AND RESTATED CONSTRUCTION DEED OF TRUST </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>with Assignment of
Rents and Fixture Filing </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NOTICE: THE OBLIGATIONS SECURED
HEREBY PROVIDE FOR THE PERIODIC INCREASES AND/OR DECREASES IN THE APPLICABLE INTEREST
RATE. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NOTICE: THE OBLIGATIONS SECURED
HEREBY INCLUDE REVOLVING CREDIT OBLIGATIONS WHICH PERMIT BORROWING, REPAYMENT AND
REBORROWING. </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>BACKGROUND: </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
parties to this Amendment to Amended and Restated Construction Deed of Trust with
Assignment of Rents and Fixture Filing (&#147;Deed of Trust&#148;), made as of September
26, 2003, are COAST HOTELS AND CASINOS, INC., a Nevada corporation, as trustor
(&#147;Trustor&#148;), EQUITABLE DEED COMPANY, a&nbsp;California corporation, as trustee
(&#147;Trustee&#148;), and BANK OF AMERICA, N.A., a national banking association formerly
known as Bank of America National Trust and Savings Association, as beneficiary
(&#147;Beneficiary&#148;), as &#147;Administrative Agent&#148; for itself and the other
lenders (collectively, the &#147;Lenders&#148;) now or hereafter a party to that certain
Amended and Restated Credit Agreement (the &#147;Credit Agreement&#148;) dated as of
September 26, 2003 among Beneficiary (in its individual capacity) and the Lenders as the
lenders, Trustor as the borrower, and Beneficiary as the administrative agent. Capitalized
terms used herein but not defined herein have the meanings given them in the Credit
Agreement. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Credit Agreement amends and restates in its entirety that certain Amended and Restated
Loan Agreement dated as of September 16, 1999, among Beneficiary (in its individual
capacity) and certain lenders, Trustor as the borrower, and Beneficiary as the
administrative agent, pursuant to which Beneficiary and such lenders agreed to make loans
and letters of credit available to Trustor in the aggregate maximum principal amount
(including future advances) of $200,000,000 (the &#147;Original Loan Agreement&#148;). </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Original Loan Agreement was secured, <U>inter</U> <U>alia</U>, by an Amended and Restated
Construction Deed of Trust with Assignment of Rents and Fixture Filing by Trustor in favor
of Trustee and Beneficiary dated as of October 31, 1999 recorded November 15, 1999 in Book
991115 as Document No. 00701 of Official Records of Clark County, Nevada with regard to
the property legally described on attached Exhibit A (&#147;Original Deed of Trust&#148;).
The parties to this Amendment desire to amend the Original Deed of Trust to evidence that
it now secures the Original Credit Agreement, as amended and restated by the Credit
Agreement. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the Credit Agreement, Beneficiary and the Lenders have agreed to make loans and letters
of credit available to Trustor in the aggregate maximum principal amount (including future
advances) of $350,000,000 (collectively, the &#147;Loan&#148;) to be secured by the
Original Deed of Trust, as amended by this Amendment. The Credit Agreement also provides
for certain interest rate hedging arrangements entered into with the Lenders with respect
to the indebtedness under the Loan Agreement (the &#147;Secured Swap Agreements&#148;),
also to be secured by the Original Deed of Trust, as amended by this Amendment. </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AMENDMENT:</FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Original Deed of Trust is amended as follows: </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The term &#147;Loan Agreement&#148; as used in the Original Deed of Trust shall
          in all cases be deemed to refer to the Credit Agreement. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The separate paragraph after Section 1.1(l) is amended to delete the following:
          &#147;Section 6.9 or 6.10 of&#148;. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Section 1.2(a)(i) is amended to change the reference to &#147;Seventy-Five
          Million Dollars (&#147;$200,000,000)&#148; to &#147;$350,000,000&quot;. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Section 1.2(a)(iv) is amended to delete the following language: </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>provided</U>
that this Deed of Trust shall not secure the Hazardous Materials Indemnity set forth in
Section 11.22 of the Loan Agreement.&#148; </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Section 1.3 is amended to change the reference to &#147;$200,000,000&#148; to
          &#147;$350,000,000&quot;. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Section 3.1 is amended to change the reference to &#147;that certain Security
          Agreement dated March 18, 1999&#148; to &#147;that certain Amended and Restated
          Security Agreement dated September 26, 2003.&#148; </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The reference in Section 4.1 to the NRS section of the Uniform Commercial Code
          shall be amended to read as follows: &#147;NRS&nbsp;104.502 of the Nevada
          Uniform Commercial Code&#148;. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The reference in Section 6.3(e) to the NRS section of the Uniform Commercial
          Code shall be amended to read as follows: &#147;NRS&nbsp;104.9101 et seq. (the
          Nevada enactment of Article 9 of the Uniform Commercial Code)&quot;. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Section 6.2(c)(iii) is amended to change the reference to section
          &#147;106(5)&#148; of the NRS to &#147;106.380(3)&quot;. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Section 5.1(c) is deleted and replaced with the following: </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Intentionally
omitted.&#148;</FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Except as above amended, the Original
Deed of Trust remains in full force and effect. This agreement may be executed in
counterparts. </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXECUTION: </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Trustor, Trustee and Beneficiary have
executed this Amendment as of the date first stated above. </FONT></P>

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     <TD COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&#147;Trustor&#148;<BR><BR>COAST CASINOS, INC., a Nevada corporation</FONT><BR><BR></TD></TR>
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     <TD WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By:</FONT></TD>
     <TD WIDTH="35%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/s/ Gage Parrish</FONT><HR></TD></TR>
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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Its</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">VP/CFO</FONT><HR><BR><BR><BR></TD></TR>
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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&#147;Trustee&#148;<BR><BR>EQUITABLE DEED COMPANY, a California corporation</FONT><BR><BR></TD></TR>
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     <TD WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By:</FONT></TD>
     <TD WIDTH="35%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/s/ </FONT><HR></TD></TR>
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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Its</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT><HR><BR><BR><BR></TD></TR>
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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&#147;Beneficiary&#148;<BR><BR>BANK OF AMERICA, N.A., a national banking association,
formerly known as bank of Bank of America America National Trust and Savings Association</FONT><BR><BR></TD></TR>
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     <TD WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By:</FONT></TD>
     <TD WIDTH="35%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/s/ Janice Hammond</FONT><HR></TD></TR>
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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Its</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Vice President</FONT><HR><BR><BR><BR></TD></TR>
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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Address Where Notices to Trustor <BR>Are to Be Sent:</FONT><BR><BR></TD></TR>
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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Coast Hotels and Casinos, Inc.<BR>4500 West Tropicana Road<BR>Las Vegas, Nevada 89103</FONT><BR><BR><BR></TD></TR>
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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Address Where Notices to Trustee<BR>Are to Be Sent:</FONT><BR><BR></TD></TR>
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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Equitable Deed Company<BR>555 South Flower Street<BR>Los Angeles, California 90071</FONT><BR><BR><BR></TD></TR>
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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Address Where Notices to Beneficiary<BR>Are to Be Sent:</FONT><BR><BR></TD></TR>
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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Bank of America, N.A.<BR>555 South Flower Street<BR>Los Angeles, California 90071<BR>Attention:  Janice Hammond, Vice President</FONT><BR><BR></TD></TR>
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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>State of Nevada  <BR><BR>County of Clark  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
instrument was acknowledged before me on <U>&nbsp;&nbsp;&nbsp;&nbsp;25 September&nbsp;&nbsp;&nbsp;&nbsp;</U>,2003, by <U>&nbsp;&nbsp;&nbsp;&nbsp;Gage
Parrish&nbsp;&nbsp;&nbsp;&nbsp;</U> as <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VP/CFO&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> of <U>&nbsp;&nbsp;&nbsp;Coast Hotels and Casinos, Inc.&nbsp;&nbsp;&nbsp;</U> </FONT></P>

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     <TD WIDTH="30%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/s/Cynthia L. Hutchins</FONT><hr></TD>
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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Notary Public</FONT></TD>
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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>State of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>  <BR><BR>County of<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>   </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
instrument was acknowledged before me on <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>,2003, by
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
as<BR> <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P>

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     <TD WIDTH="30%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/s/</FONT><hr></TD>
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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Notary Public</FONT></TD>
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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>State of <U>California;</U>  <BR><BR>County of<U>Los Angeles</U>   </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
instrument was acknowledged before me on <U>&nbsp;&nbsp;&nbsp;&nbsp;September 25&nbsp;&nbsp;&nbsp;&nbsp;</U>,2003, by
<U>&nbsp;&nbsp;&nbsp;&nbsp;Janice Hammond&nbsp;&nbsp;&nbsp;&nbsp;</U>
as<BR> <U>&nbsp;&nbsp;&nbsp;&nbsp;Vice President&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
of <U>&nbsp;&nbsp;&nbsp;&nbsp;Bank of America&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P>

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     <TD WIDTH="30%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/s/ Sandy A. Velasco</FONT><hr></TD>
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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Notary Public</FONT></TD>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>EXHIBIT&nbsp;A </U></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EXHIBIT
A to AMENDMENT TO AMENDED AND RESTATED CONSTRUCTION DEED OF TRUST executed as of September
26, 2003, among COAST HOTELS AND CASINOS, INC., a Nevada corporation, as
&#147;Trustor&#148;, EQUITABLE DEED COMPANY, as &#147;Trustee&#148;, and BANK OF AMERICA,
N.A., a national banking association, as &#147;Beneficiary.&#148; </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
that certain real property located in the County of Clark, State of Nevada, described as
follows: </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>All that certain real property
located in the County of Clark, State of Nevada, described as follows: </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The East Half (E1/2) of the Southwest
Quarter (SW1/4) of Section 19, Township 21 South, Range 61 East, M.D.B.&amp; M. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXCEPTING THEREFROM the Southerly 50
feet as granted to the County of Clark for road, utilities and other public purposes by
Document No. 444500, recorded July 7, 1964. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FURTHER EXCEPTING THEREFROM the West
Thirty feet (30.00&#146;) of said land, together with that certain spandrel area in the
Southwest corner thereof, also being the Northeast corner of the intersection of Tropicana
Avenue and Cameron Street, bounded as follows: </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On the South by the North line of the
South Fifty feet (50.00&#146;); on the West by the East line of the West Thirty feet
(30.00&#146;); and on the Northeast by the arc of a curve concave Northeasterly, having a
radius of Twenty-five feet (25.00&#146;) and being tangent to the North line of said South
Fifty feet (50.00&#146;) and to the East line of said West Thirty feet (30.00&#146;). </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FURTHER EXCEPTING THEREFROM the East
Forty feet (40.00&#146;) of said land, together with that certain spandrel area in the
Southeast corner thereof, also being the Northwest corner of the intersection of Tropicana
Avenue and Arville Street, bounded as follows: </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On the East by the West line of the
East Forty feet (40.00&#146;); on the South by the North line of the South Fifty feet
(50.00&#146;); and on the Northwest by the arc of a curve concave Northwesterly, having a
radius of Twenty-five feet (25.00&#146;) and being tangent to the West line of said East
Forty feet (40.00&#146;); and to the North line of said South Fifty feet (50.00&#146;). </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FURTHER EXCEPTING THEREFROM the North
Thirty feet (30.00&#146;), together with that spandrel area in the Northwest corner
thereof, also being the Southeast corner of the intersection of Cameron Street and Harmon
Avenue, bounded as follows: </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On the North by the South line of the
North Thirty feet (30.00&#146;); on the West by the East line of the West Thirty feet
(30.00&#146;); and on the Southeast by the arc of a curve concave to the Southeast having
a radius of Twenty feet (20.00&#146;) and being tangent to the South line of said North
Thirty feet (30.00&#146;) and to the East line of said West Thirty feet (30.00&#146;);
also together with that other spandrel area in the Northeast corner thereof being the
Southwest corner of the intersection of Harmon Avenue and Arville Street, bounded as
follows: On the North by the South line of the North Thirty feet (30.00&#146;); on the
East by the East line of the Southwest Quarter (SW1/4) of Section 19; and on the Southwest
by the arc of a curve concave to the Southwest having a radius of Twenty-five feet
(25.00&#146;) and being tangent to the South line of said North Thirty feet (30.00&#146;)
and to the West line of the East Forty feet (40.00&#146;); and on the South side by the
prolongation of a line radial to the curve&#146;s point of tangency with the West line of
the East Forty feet (40.00&#146;), as conveyed to Clark County for roads and other public
purposes by Deed recorded October 21, 1976 as Document No. 630256 and by Deed recorded May
23, 1978 as Document No. 850472 and by Deed recorded February 27, 1986 in Book 860227 as
Document No. 00275 and by Deed recorded February 25, 1989 in Book 890225 as Document Nos.
00659 and 00660 and by Deed recorded December 7, 1990 in Book 901207 as Document Nos.
00731 and 00732 of Official Records, Clark County, Nevada. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FURTHER EXCEPTING THEREFROM that
portion conveyed to Clark County by Grant, Bargain, Sale Deed recorded November 21, 1996
as Document No. 01951 of Official Records, Clark County, Nevada. More particularly
described as follows: </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A portion of the East Half (E1/2) of
the Southwest Quarter (SW1/4) of Section 19, Township 21 South, Range 61 East, M.D.M.,
Clark County, Nevada. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>COMMENCING at the centerline
intersection of Tropicana Avenue and Cameron Street, thence North 89(Degree)53'40&quot;
East, 370.62 feet to a point on the centerline of Tropicana Avenue, thence North
00(Degree)06'20&#148; West, 50.00 feet to a point on the existing Northern right-of-way
line of Tropicana Avenue, also being the TRUE POINT OF BEGINNING; thence North
00(Degree)06'20&#148; West, 14.00 feet to a point; thence North 89(Degree)53'40&#148;
East, 120.76 feet to a point on a curve, radius point of said curve is located South
00(Degree)06'20&#148; East, 266.00 feet from the previous point; thence on a curve to the
right, subtending a central angle of 13(Degree)10'25&quot;, and having a radius of 266.00
feet along said curve an arc length of 61.16 feet to a point of compound curvature of a
curve to the left; thence along said curve to the left, subtending a central angle of
13(Degree)10'25&quot;, and having a radius of 266.00 feet an arc length of 61.16 feet to a
point of curve located on the existing right-of-way of Tropicana Avenue, thence South
89(Degree)53'40&#148; West, 242.00 feet to the TRUE POINT OF BEGINNING. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A portion of the East Half (E1/2) of
the Southwest Quarter (SW1/4) of Section 19, Township 21 South, Range 61 East, M.D.M.,
Clark County, Nevada. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>COMMENCING at the centerline
intersection of Tropicana Avenue and Cameron Street, thence North 89(Degree)53'40&quot;
East, 572.62 feet to a point on the centerline of Tropicana Avenue, thence North
00(Degree)06'20&#148; West, 50.00 feet to a point on the existing Northern right-of-way
line of Tropicana Avenue, also being the TRUE POINT OF BEGINNING; thence North
00(Degree)06'20&#148; West, 12.00 feet, thence North 89(Degree)53'40&#148; East, 108.50
feet to a point on a curve, radius point of said curve is located South
00(Degree)06'20&#148; East, 300.00 feet from the previous point; thence on a curve to the
right, subtending a central angle of 11(Degree)29'50&quot;, and having a radius of 300.00
feet along said curve an arc length of 60.20 feet to a point of compound curvature of a
curve to the left; subtending a central angle of 12(Degree)28'13&quot;, and having a
radius of 300.00 feet, along said curve an arc length of 65.29 feet to a point of curve on
the existing right-of-way of Tropicana Avenue, thence South 89(Degree)53'40&#148; West,
233.19 feet to the TRUE POINT OF BEGINNING. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A portion of the East Half (E1/2) of
the Southwest Quarter (SW1/4) of Section 19, Township 21 South, Range 61 East, M.D.M.,
Clark County, Nevada. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>COMMENCING at the centerline
intersection of Tropicana Avenue and Cameron Street, thence North 89(Degree)53'40&quot;
East, 1087.48 feet to a point on the centerline of Tropicana Avenue, thence North
00(Degree)06'20&#148; West, 50.00 feet to the TRUE POINT OF BEGINNING, located on the
existing Northern right-of-way line of Tropicana Avenue, thence North
00(Degree)06'20&#148; West, 14.00 feet; thence North 89(Degree)53'40&#148; East, 6.23 feet
to a point of curve, radius point of said curve is located South 00(Degree)06'20&#148;
East, 266.00 feet from the previous point; thence along a curve to the right, subtending a
central angle of 13(Degree)10'25&quot;, and having a radius of 266.00 feet, an arc length
of 61.16 feet to a point of compound curvature of a curve to the left; thence along said
curve to the left, subtending a central angle of 13(Degree)10'25&quot;, and having a
radius of 266.00 feet an arc length of 61.16 feet to a point on the existing Northern
right-of-way of Tropicana Avenue, thence South 89(Degree)53'40&#148; West, 127.47 feet to
the TRUE POINT OF BEGINNING. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A portion of the East Half (E1/2) of
the Southwest Quarter (SW1/4) of Section 19, Township 21 South, Range 61 East, M.D.M.,
Clark County, Nevada. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>COMMENCING at the centerline
intersection of Tropicana Avenue and Arville Street, thence North 00(Degree)39'24&quot;
West, 75.63 feet to a point on the centerline of Arville Street, thence South
89(Degree)20'36&#148; West, 40.00 feet to a point of curve; also being the TRUE POINT OF
BEGINNING, on the existing Western right-of-way line of Arville Street, radius point of
said curve is located South 89(Degree)20'36&#148; West, 25.00 feet; from the previous
point, thence on a curve to the right, subtending a central angle of
90(Degree)33'04&quot;, and having a radius of 25.00 feet, an arc length of 39.51 feet to a
point of curve on the existing Northern right-of-way of Tropicana Avenue; thence South
89(Degree)53'40&#148; West, 13.00 feet, continuing along the existing Northern
right-of-way line of Tropicana Avenue to a point of curve; radius point of said curve is
located North 00(Degree)06'20&#148; West, 25.00 feet from the previous point; thence on a
curve to the left subtending a central angle of 90(Degree)33'04&quot;, and having radius
of 25.00 feet, an arc length of 39.51 feet to a point of curve; thence North
00(Degree)39'24&#148; West, 407.97 feet to a point of curve; radius point of said curve is
located North 89(Degree)20'36&#148; East, 205.00 feet from the previous point; thence
along a curve to the right subtending a central angle of 08(Degree)01'57&quot;, and having
a radius of 205.00 feet, an arc length of 28.74 feet to a point; thence North
07(Degree)22'33&#148; East, 64.95 feet to a point of curve; radius point of said curve is
located North 82(Degree)37'27&#148; West, 195.00 feet from the previous point; thence
along a curve to the left, subtending a central angle of 08(Degree)01'57&quot;, and having
a radius of 195.00 feet an arc length of 27.34 feet to a point of curve on the existing
Western right-of-way of Arville Street; thence South 00(Degree)39'24&#148; East, 528.30
feet to the TRUE POINT OF BEGINNING. </FONT></P>

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