Hard Rock Hotel & Casino Las Vegas, Nevada

EX-10.1 2 c76386exv10w1.htm EXHIBIT 10.1 Filed by Bowne Pure Compliance

Exhibit 10.1

Hard Rock Hotel & Casino
Las Vegas, Nevada

October 24, 2008

Mr. Randy Kwasniewski
Hard Rock Hotel, Morgans Hotel Group — Las Vegas
4455 Paradise Road
Las Vegas, NV 89169

Dear Randy,

Confirming our conversation this morning. Effective August 1, 2008, your base salary will move to $725,000.00 annually. Your target bonus for each annual period (2008) and all future years will be 100% of your base salary.

We have evaluated your performance through 10 months of 2008 and confirm that your 2008 bonus will be paid at no less than your newly established target.

We continue necessary details to complete an amendment to your employment agreement. Per our conversation, this amendment when completed will be at no less than the terms contained in the current draft of that amendment.

Many thanks Randy, for your strong leadership and support of achieving the goals set by our joint venture.

Sincerely,

/s/ Fred Kleisner

Fred Kleisner
Morgans Hotel Group

/s/ Ryan Sprott

Ryan Sprott
DLJ Merchant Banking Partners

4455 Paradise Road, Las Vegas, NV 89169 702 ###-###-#### FAX (702) ###-###-#### (800) 693-ROCK