Consulting Agreement between Tropicana Las Vegas, Inc. and Michael A. Ribero (March 2012)
Tropicana Las Vegas, Inc. (TLV) has engaged Michael A. Ribero to provide consulting services focused on TLV’s marketing initiatives. Mr. Ribero will dedicate at least two and a half to three days per week to these efforts, starting January 1, 2012, with the agreement continuing until TLV decides to terminate it. He will be paid $12,500 per month for January and February 2012, and $25,000 per month from March 2012 onward, with possible performance bonuses at TLV’s discretion. TLV will reimburse all reasonable business expenses. Mr. Ribero will work primarily from Palo Alto, CA, with regular travel to Las Vegas.
Exhibit 10.18
March 21, 2012
Mr. Michael A. Ribero
850 Arroyo Court
Palo Alto, CA 94306
Dear Mike:
The purpose of this letter is to memorialize our understanding regarding the consulting services that you will provide to Tropicana Las Vegas, Inc. (“TLV”).
Services: You will provide consulting services in connection with TLV’s marketing initiatives which will require that you will spend at least two and a half to three days each week focused exclusively on TLV’s marketing initiatives.
Term: Beginning on January 1, 2012 and continuing thereafter until terminated by TLV in its sole discretion.
Consulting Fee: $12,500 per month for January and February 2012. $25,000 per month for March 2012 and thereafter. Performance bonuses at TLV’s discretion.
Business Expenses: All reasonable business expenses incurred on behalf of TLV shall be reimbursed.
Location: Palo Alto, CA, with trips to Las Vegas at least every other week and other locations on an as needed basis.
Title: Strategic Advisor, Office of the Chairman
I am very much looking forward to working with you on these exciting marketing initiatives.
| Warmest regards, |
|
|
|
|
|
|
|
| /s/ Alex Yemenidjian |
|
|
|
|
|
|
|
| Alex Yemenidjian |
|
