Amendment of Employment Agreement by and between Ernest E. East and Nevada Gold & Casinos, Inc. by letter dated July 10, 2018

EX-10.11 7 tv498654_ex10-11.htm EXHIBIT 10.11

 

Exhibit 10.11

 

 

July 10, 2018

 

Ernest E. East

Nevada Gold & Casinos, Inc.

133 E. Warm Springs Road

Suite 102

Las Vegas, Nevada 89119

 

Dear Ernest:

 

Reference is made to the letter agreement dated April 2, 2018 between you and Nevada Gold & Casinos, Inc. (the “Company”) regarding an adjustment in your compensation in connection with the preparation of a definitive purchase agreement with Great Elm Capital Group (“GEC”).

 

By mutual agreement, your continued participation as a full-time employee is necessary and desirable for an extended period beyond the completion or termination of the transaction with GEC.

 

Accordingly, your compensation shall remain at $225,000 per annum until notification by the Company. After such notification your base compensation shall return to $90,000 per annum as previously established by the Board of Directors.

 

    Nevada Gold & Casinos, Inc.
     
  By  
    William J. Sherlock
    Chairman of the Board of Directors
     
  Agreed  
    Ernest E. East

 

133 E. Warm Springs Road, Suite 102 Ÿ Las Vegas, NV 89119 Ÿ P: 702 ###-###-#### Ÿ F: 702 ###-###-####