July 10, 2018
Exhibit 10.11
July 10, 2018
Xxxxxx X. East
Nevada Gold & Casinos, Inc.
000 X. Xxxx Xxxxxxx Xxxx
Xxxxx 000
Xxx Xxxxx, Xxxxxx 00000
Dear Xxxxxx:
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 | ||
Xxxxxxx X. Xxxxxxxx | ||
Chairman of the Board of Directors | ||
Agreed | ||
Xxxxxx X. East |
133 E. Warm Springs Road, Suite 000 X Xxx Xxxxx, XX 00000 X P: 702.685.1000 Ÿ F: 702.685-1265