exhibit 10. 2 agreement for guaranteed maximum price construction services change order 7 june 2006 project : wynn las vegas that certain agreement for guaranteed maximum price construction services between owner and contractor for wynn las vegas ( “ project ” ) dated as of june 4, 2002 ( “ contract ” ) is hereby modified as follows : 1. definitions. initial capitalized terms not otherwise defined in this change order shall have the meanings attributed to such terms in the contract. 2. scope of work as provided in section 15. 1. 1 of the contract, the owner, at its sole expense, implemented an owner controlled insurance program ( ocip ) to furnish certain insurance coverages with respect to the on - site activities of the contractor and subcontractors. the ocip was established for the benefit of the owner and contractor and subcontractors of all tiers who have performed work on - site. the original guaranteed maximum price in the contract reflected a credit of $ 18, 000, 000. 00, based upon the parties ’ best efforts to estimate the construction cost savings to be realized as a result of the owner ’ s furnishing of the insurance coverages provided under the ocip. based on change orders no. 4 & 5, the amount of the credit for projected savings for the ocip was increased from $ 18, 000, 000 to $ 19, 867, 980. section 15. 1. 3 of the contract provides that at the end of the project, prior to final payment, the guaranteed maximum price will be adjusted as a result of any variance between the actual savings amount and projected savings established by the foregoing credit amount, pursuant to an ocip audit. section 12. 2. 1. 16 of the contract requires that as a condition to final payment and final completion, an ocip audit be prepared and reasonably approved by owner which reflects the actual savings amount from the ocip. contractor having achieved final completion for all work areas covered by the ocip, an ocip audit was conducted by the ocip administrator and contractor and owner have agreed upon the results of the ocip audit. owner and contractor agree that based upon the ocip audit, the actual savings amount for the ocip is $ 24, 236, 418. the following is a summary level recap of the results of the ocip audit : project job number total mcaocip deduction master plan highrise lowrise