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EXHIBIT 10.1
CONSULTING AGREEMENT
This Consulting Agreement dated January 2, 2001 ("Agreement") is by and
between, NEVADA GOLD & CASINOS, INC., a Nevada corporation ("Company") and
XXXXXX X. XXXXXXXXX, an individual ("Consultant").
W I T N E S S E T H:
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WHEREAS, Consultant desires to provide certain consulting
services to the Company; and
WHEREAS, the Company and Consultant desire to set forth in
writing the terms and conditions of their agreement;
NOW, THEREFORE, in consideration of the premises and the mutual
covenants, agreements, and considerations herein contained, the parties hereto
agree as follows::
1. Engagement. Subject to the terms and provisions of this Agreement,
the Company hereby affirms the engagement of Consultant, as an independent
contractor, to provide general legal services.
2. Compensation. For certain services performed by Consultant for the
Company, the Company will issue to Consultant 25,000 shares of common stock of
the Company pursuant to a S-8 Registration Statement.
3. Status Reports. At the Company's written request, Consultant shall
prepare and submit to the Company a written status report describing the status
of any sales of the Company Common Stock sold hereby.
4. Term. The term of this Agreement shall commence on the date herein
and shall continue in full force and effect for a period of six months.
5. Miscellaneous.
(a) Assignment. All of the terms, provisions and conditions of
this Agreement shall be binding upon and shall inure to the benefit of
and be enforceable by the parties hereto and their respective
successors and permitted assigns. This Agreement shall not be assigned
or transferred by either party, nor shall any interest herein be
assigned, transferred, pledged or hypothecated by either party without
the prior written consent of the other party.
(b) Applicable Law. This Agreement shall be construed in
accordance with and governed by the laws of the State of Texas.
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(c) Entire Agreement, Amendments and Waivers. This Agreement
constitutes the entire agreement of the parties hereto and expressly
supersedes all prior and contemporaneous understandings and
commitments, whether written or oral, with respect to the subject
matter hereof. No variations, modifications, changes or extensions of
this Agreement or any other terms hereof shall be binding upon any
party hereto unless set forth in a document duly executed by such party
or an authorized agent or such party.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the day and year first written above.
NEVADA GOLD & CASINOS, INC.
By //s// H. XXXXXX XXXX
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H. Xxxxxx Xxxx, President
XXXXXX X. XXXXXXXXX
//s// XXXXXX X. XXXXXXXXX
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