Exhibit 10.27
Amendment to Consulting Agreement between the Registrant
and Xxxxx Xxxxxx dated December 12, 1995.
AMENDMENT TO INDEPENDENT CONTRACTOR AGREEMENT
THE AMENDMENT is made and entered into this 12th day of December 1995 by and
between Xxxxxx Xxxxxxxx Hotel & Casino, Inc. (client), with its principal place
of business in Las Vegas, Nevada and Xxxxx Xxxxxx, an independent contractor,
("ML"), with his place of business at 000 Xxxxxxxx Xx. Xxx # 00, Xxxxxxxx, XX
00000.
RECITALS
WHEREAS, Client and ML entered into an Independent Contractor Agreement dated
November 6, 1995 (the "Agreement") under which ML is providing consulting
services to Client with respect to shareholder relations, the maintenance of
market makers and strategic planning;
WHEREAS, Client and ML have mutually agreed to extend the terms of the
Agreement.
NOW, THEREFORE, IN CONSIDERATION of the promises and mutual covenants hereby
contained, it is hereby agreed as follows:
AGREEMENTS
Sections 1 and 3 of the Agreement are hereby amended to read as follows:
1. Terms of Contract
This agreement will become effective on November 6, 1995, and will continue in
effect for a period of twelve (12) months unless earlier terminated pursuant to
Section 5 of this Agreement.
3. Compensation
3.1 Stock. Client and ML acknowledge that ML has received fifteen thousand
(15,000) shares of Client's free-trading common stock as compensation for its
services hereunder. Client and ML agree that ML shall receive an additional
twenty thousand (20,000) shares of Client's free-trading common stock as
additional compensation for its services hereunder.
Except as set forth above, the provisions of the Agreement shall be unchanged
and shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
date first written above.
CLIENT: XXXXXX XXXXXXXX HOTEL & CASINO, INC.
By: /s/ Xxxx Xxxxxx
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Its: CEO
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ML: XXXXX XXXXXX
By: /s/ Xxxxx Xxxxxx
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