April 12, 2006 VIA FACSIMILE Mr. Peter Morton
Exhibit 10.21
April 12, 2006
VIA FACSIMILE
Mr. Xxxxx Xxxxxx
000 Xxxxx Xxxxxxxxx Xxxxxxxxx
Xxx Xxxxxxx, Xxxxxxxxxx 00000
Xx. Xxxxxx:
Reference is made to that certain Amended and Restated Supervisory Agreement, dated as of October 21, 1997 (the “Agreement”), between Hard Rock Hotel, Inc., a Nevada corporation (the “Company”), and you.
This letter confirms our agreement that, due to the Company’s application of EITF 99-19 and the resulting reclassification of certain revenues of the Company on a gross basis, the Company agrees to pay you an aggregate amount of $536,464 as final settlement and full satisfaction of the Supervisory Fees (as defined in the Agreement) payable to you under the Agreement for any and all periods ended prior to, and including, December 31, 2005.
After reviewing this letter, please indicate your agreement and acknowledgment of the foregoing by signing and returning a copy of this letter by facsimile to the undersigned at (000) 000-0000.
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Very truly yours, |
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HARD ROCK HOTEL, INC. |
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By: |
/s/ Xxxxx X. Xxxxx |
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Name: |
Xxxxx X. Xxxxx |
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Title: |
Chief Financial Officer |
Agreed and acknowledged as of
the date first written above:
/s/ Xxxxx X. Xxxxxx |
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Xxxxx X. Xxxxxx |