1
Exhibit 10.1
CONSULTING AGREEMENT
This Consulting Agreement dated September 20, 1999 ("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:
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 contained in this Agreement, the
parties agree as follows:
1. Engagement. Subject to the terms and provisions of this
Agreement, the Company 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 15,000 shares of common stock
of the Company pursuant to an S-8 Registration Statement.
3. Status Reports. At the Company's written request, Consultant
shall prepare and submit to the Company a written report describing the status
of any sales of the Company's common stock sold under this Agreement.
4. Term. The term of this Agreement shall commence on the date set
forth above 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 and their
respective successors and permitted assigns. This Agreement shall
not be assigned or transferred by either party, nor shall any
interest in this Agreement be assigned, transferred, pledged, or
hypothecated by either party without the prior written consent of
the other party.
PAGE 1
2
(b) Applicable Law. This Agreement shall be construed in
accordance with and governed by the laws of the State of Texas.
(c) Entire Agreement, Amendments, and Waivers. This
Agreement constitutes the entire agreement of the parties and
expressly supersedes all prior and contemporaneous understandings
and commitments, whether written or oral, with respect to the
subject matter of this Agreement. No variations, modifications,
changes or extensions of this Agreement or any other terms hereof
shall be binding upon any party to this Agreement unless it is
reduced to writing and signed by the party to be bound or an
authorized agent of the party to be bound.
IN WITNESS WHEREOF, the parties have executed this Agreement as of
the day and year first written above.
NEVADA GOLD & CASINOS, INC.
By: /s/ H. Xxxxxx Xxxx
----------------------------------
H. XXXXXX XXXX, President
/s/ Xxxxxx X. Xxxxxxxxx
----------------------------------
XXXXXX X. XXXXXXXXX
PAGE 2