Document:

Consulting Agreement

 Exhibit 10.76 
 CONSULTING AGREEMENT 
 THIS AGREEMENT made as of the 25th day of September, 2006 by and between FULL
HOUSE RESORTS, INC., a Delaware corporation (“FHRI”), located at 4670 South Fort Apache Road, Suite 190, Las Vegas, Nevada 89147, and Lido A. “Lee” Iacocca, (“Consultant”) located at 11150 Santa Monica Blvd.,
Suite 400, Los Angeles, CA 90025. 
 WITNESSETH 
 WHEREAS, FHRI desires to enter into an agreement with Consultant for the providing of certain consulting services to FHRI for a term and at such compensation as are described below: and 
 WHEREAS, Consultant desires to enter into an agreement with FHRI pursuant to which Consultant will provide certain consulting services as outlined
above for a term and at such compensation as are described below. 
 NOW, THEREFORE, in consideration of the mutual covenants and
promises contained herein, and for other good and valuable consideration the receipt and legal sufficiency of which is hereby acknowledged, the parties hereby agree as follows: 
 1. Scope of Services. 
 (a) Consultant agrees to provide to FHRI, for the term of this Agreement, consulting services as more specifically identified and detailed in Schedule “A” attached hereto and made a part hereof, provided that such services are
consistent with similar services previously provided by Consultant to FHRI. Consultant’s duties, responsibilities and services as set forth are collectively referred to hereinafter as the “Services”. 
 (b) Consultant agrees to devote so much of his time, attention and effort to the performance of the Services as may be required in
Consultant’s reasonable judgment to accomplish the goals and objectives of FHRI. 
 2. Term of Agreement. 
 This Agreement shall be effective as of June 1, 2006 and shall continue in full force and effect until May 31, 2009. 
 3. Compensation. 
 As
compensation for the Services rendered by Consultant under this Agreement, Consultant shall receive a grant of 300,000 shares of common stock of FHRI in accordance with a Stock Award Agreement of even date. Consultant shall have the right in his
sole discretion to assign or otherwise transfer the shares of common stock to any other person or entity. All compensation shall be payable without deduction or withholding for any State or Federal income Taxes, FICA or other similar withholding for
taxes and any other government obligations which are the sole responsibility of Consultant as an independent contractor. 
  

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 Consultant specifically agrees that the 250,000 stock options previously awarded to Consultant which
expire in December 2006 shall terminate and no longer have any force or effect as of the date hereof. 
 4. Compliance with
Laws. 
 In the performance of his duties, Consultant shall comply with all applicable laws, rules and regulations, including but not
limited to all requirements and provisions of the laws and regulations of the United States, the States and subdivisions thereof in which FHRI or any of FHRI’s subsidiaries or affiliates (regardless of when or how formed) carry on their
business and all general rules, regulations and ethical standards of national. 
 5. Regulatory Matters. 
 FHRI, Inc., its affiliated companies and certain related entities (collectively the “FHRI Group”) are licensed by or otherwise subject to the
authority of various casino and gaming regulatory agencies (“Regulator”). The FHRI Group has adopted a regulatory compliance policy, and Consultant agrees to provide the FHRI Group with such documentation as needed from time to time.

 6. Relationship of the Parties. 
 This Agreement does not constitute and shall not be construed as constituting a partnership or joint venture or agency relationship between any of the parties hereto. 
 7. No Conflict. 
 By entering
into this Agreement and performing the Services, Consultant will not to the best of its knowledge be violating any other contract, agreement or understanding to which it is a party or any existing judicial or administrative order, decision or
decision. 
 8. Governing Law. 
 This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada without regard for choice of laws principles. 
 9. Assignment. 
 This Agreement
is personal to Consultant and Consultant may not assign the obligations to provide the Services but Consultant may assign or otherwise transfer the Compensation as set forth in Paragraph 3. This Agreement is a personal contract and is entered into
in reliance by FHRI and in consideration of the personal qualifications of Lido A. Iacocca. 
  

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 10. Binding Effect. 
 This Agreement shall be binding upon and inure to the benefit of the parties hereto and their heirs, executors, administrators, personal and legal
representatives, successors and permitted assigns. 
 11. Entire Agreement. 
 This Agreement, together with the Stock Award Agreement, sets forth and is an integration of all of the promises, agreements, conditions and
understandings between the parties hereto and there are no promises, agreements, conditions, understandings, warranties or representations, oral or written, express or implied, among them other than as set forth herein. 
 12. Validity of Provisions. 
 Should any provision(s) of this Agreement be void or unenforceable in whole or in part, neither the validity of the remainder of such provision nor the validity of any other provision of this Agreement shall in any way be affected thereby.

 13. Modification or Discharge. 
 This Agreement shall not be subject to waiver, change, modification, discharge or termination in whole or in part except as expressly provided for herein or by written instrument signed by the parties hereto.

 14. Waiver of Contractual Rights. 
 The failure of either party to enforce any provision of this Agreement shall not be construed as a waiver or limitation of that party’s right to subsequently enforce and compel strict compliance with every
provision of this Agreement. 
 15. Cure. 
 Prior to any claim of termination or breach of this Agreement based on a claim of failure to perform, the aggrieved party shall provide written notice to the other party which shall specify the claimed breach or
performance failure and the party receiving the notice shall have a period of thirty (30) days following receipt of such written notice to cure the claimed breach or failure to perform. 
 16. Intellectual Property. 
 Except as specifically set forth in Schedule A attached hereto, FHRI shall have no rights in the name or likeness of Consultant and shall not use the name or likeness of the Consultant without the Consultant’s written permission, which
may be withheld in Consultant’s sole discretion. 
  

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 IN WITNESS WHEREOF, the authorized representatives of FHRI have acknowledged and executed this
Agreement and Consultant has hereby caused this Agreement to be executed all as of the day and year first written above. 
  

			
	FULL HOUSE RESORTS, INC.
		
	By:	 	 /s/    BARTH F. AARON

	Printed Name: Barth F. Aaron
	Title: Secretary

  

	
	CONSULTANT
	
	/S/    LEE A. IACOCCA
	

  

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 SCHEDULE “A” 
 SERVICES 
 Subject to Consultant’s specific prior approval, Consultant will make his name,
likeness, voice and appearance available to FHRI at any and all mutually convenient times and places and make such personal appearances at such mutually convenient times and places, subject to Consultant’s schedule and availability, as from
time to time agreed by the parties, acting reasonably and in good faith for the purpose of marketing, advertising and advancing (a) to the general public the projects and operations of FHRI and its operating subsidiaries and affiliated companies and
(b) to the investment community the corporation, all of which shall be consistent with similar services previously provided by Consultant to FHRI (the “Works”), provided however that Consultant shall not be required to travel on behalf of
FHRI without his specific consent. 
 Subject to Consultant’s specific prior approval, Consultant grants to FHRI the right to video
tape, film, photograph, or otherwise record, or to authorize others to do so, by any media now known or hereinafter discovered, Consultant’s appearance, performance, commentary, and any other work product for the Services. 
 Consultant understands that his services are provided on a work for hire basis and waives any right to any intellectual property, personal or individual
property right or other right in and to his name, likeness, voice, manner, appearance in conjunction with the Works. FHRI shall have the right to produce, reproduce, reissue, manipulate, reconfigure, license, manufacture, record, perform, exhibit,
broadcast, televise, transmit, publish, copy, reconfigure, compile, print, reprint, vend, distribute and use via any other medium now known or hereinafter discovered, and to authorize others to do so, Consultant’s name, likeness, voice, manner,
appearance and the Works, in perpetuity, in any manner or media and by any art, method or device, now known or hereinafter discovered. 
 All
Works and Consultant’s contributions thereto shall belong solely and exclusively to FHRI in perpetuity notwithstanding any termination of this Agreement. 
  

 5Letter Agreement dated May 19, 2006 with Joe Frazier

 Exhibit 10.77 
 Full House Resorts, Inc. 
 4670 S. Fort Apache Road, Suite 190 
 Las Vegas, Nevada 89147 
 LETTER
AGREEMENT 
 May 19, 2006 
 H. Joe Frazier 
 99 SE Mizner Blvd. PH 919 
 Boca Raton, FL 33432 
 Dear Mr. Frazier: 
 This letter (this “Letter Agreement”) sets forth the agreement between Full House
Resorts, Inc. (the “Company”) and Joe Frazier (the “Holder”) with respect to the payment of accrued and previously unpaid dividends on and conversion of the 350,000 shares of Series 1992-1 Preferred Stock of the Company (the
“Preferred Stock”) owned by Holder, subject to the terms and conditions set forth herein. 
 1. Payment of Dividends and Conversion of
Preferred Stock. Upon the closing of the proposed underwritten public offering (the “Offering”) by the Company of shares of its common stock, par value $0.0001 per share (the “Common Stock”), the Company shall use a
portion of the proceeds from the Offering to pay accrued and unpaid dividends on the Preferred Stock (which as of June 30, 2006 total $1,470,000 and thereafter increase at the rate of $291.67 per day) and Holder shall deliver to the company the
certificates evidencing the Holder’s shares of Preferred Stock for cancellation and conversion of each share of Preferred Stock into one issued and outstanding share of Common Stock. The delivery of the certificates for the Preferred Stock
shall be accompanied by a stock power, duly executed in blank. The company shall deliver stock certificates evidencing the Common Stock issued in conversion to the Holder in exchange for the certificates evidencing the Preferred Stock. 

2. Lock-up. The Holder agrees that from the date hereof until the date that is 90 days following the closing of the Offering, the Holder will not sell,
offer, pledge, contract to sell, grant any option for the sale of, transfer or otherwise dispose of any of the Common Stock beneficially owned by, or issuable to, the Holder (the “lock-up period”) except that the lock-up period shall be 90
days as to the 350,000 shares of stock converted pursuant hereto. 
 3. Representations and Warranties of the Company. The Company hereby
represents and warrants to the Holder that (a) the Company has all requisite corporate power to execute, deliver and perform this Letter Agreement and (b) upon the issuance in exchange for the shares of Preferred Stock, the Common Stock
issued pursuant hereto shall be duly authorized, fully paid and nonassessable. 
 4. Representations and Warranties of the Holder. The Holder
hereby represents and warrants to the Company that (a) the Holder has all requisite power to execute, deliver and perform this letter agreement, and (b) as of the date hereof and immediately prior to conversion as provided herein, the
Holder has valid title to the Preferred Stock, free and clear of all liens, encumbrances, proxies, voting agreements and other restrictions. 
 5.
Termination. In the event that the Holder has not received the amount set forth in Section 2 hereof by 5:00 p.m., Las Vegas, Nevada time, on October 31, 2006, this letter shall be null and void. 

 6. Notices. Each notice required to be given pursuant to this Letter Agreement shall be properly given if
sent by one party to the other by certified or registered mail, postage prepaid, or registered return receipt courier mail addressed to the other at the address provided above. 
 7. Non-Waiver. The failure of either party to exercise any of its rights under this Letter Agreement at any time shall not be deemed to be a waiver of such rights or a waiver of any subsequent breach.

 8. Confidential Information. The Holder hereby acknowledges that prior to the filing of a registration statement by the Company, the
proposed Offering is material non-public information and the Holder agrees that it will not utilize, divulge or disclose this information and the Holder will not trade while in possession of material non-public information. 
 9. Severability. Whenever possible, each provision of this Letter Agreement shall be interpreted in such manner as to be effective and valid under
applicable law. If any court of competent jurisdiction determines that any part of this Letter Agreement is invalid or unenforceable, that determination shall not impair or nullify the remainder of the Letter Agreement. 
 10. Miscellaneous. This Letter Agreement (a) may only be amended by a writing signed by the Company and the Holder, (b) inures to the benefit of
and is binding upon the Company and the Holder and each of their successors and assigns, except that neither party may assign any of its respective rights or obligations under this Letter Agreement without first obtaining the written consent of the
other party, (c) constitutes the entire agreement between the Company and the Holder with respect to the subject matter of this Letter Agreement, superseding all oral and written proposals, representations, understandings and agreements
previously made or existing with respect to such subject matter, and (d) may be executed in counterparts, each of which shall be deemed an original, and all of which taken together shall constitute one and the same document. 
 11. Governing Law. This Letter Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to
the conflicts of laws rules thereof. Exclusive jurisdiction for any claim hereunder shall be in the state or federal courts of Delaware and both parties agree that venue in such courts is not inconvenient. 
 If the foregoing is acceptable, please so signify by executing a copy of this Letter Agreement provided for that purpose and returning it to the
undersigned, in which case it will become a binding agreement. 
  

			
	Very truly yours,
	
	FULL HOUSE RESORTS, INC.
		
	By:	 	/s/ Barth F. Aaron
	Name:	 	Barth F. Aaron
	Title:	 	Secretary

 Accepted and Agreed as of the __ day of September, 2006 
  

	
	 /s/ Joe Frazier

	Joe Frazier

 Full House Resorts, Inc. 
 4670 S. Fort Apache Road, Suite 190 
 Las Vegas, Nevada 89147 

AMENDMENT TO LETTER AGREEMENT 
 July 1, 2006 
 H. Joe Frazier 
 99 SE Mizner Blvd. PH 919 
 Boca Raton, FL 33432 
 Dear Joe: 
 This letter will serve as an amendment to the letter agreement dated May 19, 2006 between you and Full House Resorts, Inc. concerning your 350,000 shares of Series
1992 Preferred Stock. 
 When signed or accepted by you, paragraph 5 titled Termination of the May 19, 2006 agreement shall be amended to replace
July 31, 2006 with September 30, 2006 with the effect that the agreement to convert your preferred shares into common upon the Company’s payment of accrued and unpaid dividends on the preferred shall terminate and expire as of 5:00 PM
Las Vegas time on September 30, 2006. 
 If this is your understanding, please countersign this letter and return to me at the office address above, or
fax to 702-221-8101 or by noting your acceptance in a reply email to me. 
 We appreciate your understanding and
consideration in this matter. 
  

			
	Very truly yours,
	
	FULL HOUSE RESORTS, INC.
		
	By:	 	/s/ Barth F. Aaron
	Name:	 	Barth F. Aaron
	Title:	 	Secretary

 Accepted and Agreed as of the __ day of July, 2006 
  

	
	/s/ Joe Frazier
	 Joe Frazier

 Full House Resorts, Inc. 
 4670 S. Fort Apache Road, Suite 190 
 Las Vegas, Nevada 89147 

SECOND AMENDMENT TO LETTER AGREEMENT 
 September 15, 2006 
 H. Joe Frazier 
 99 SE Mizner Blvd. PH 919 
 Boca Raton, FL 33432 
 Dear Joe: 
 This letter will serve as a second amendment to the letter agreement dated May 19, 2006 first amended by letter of July, 2006, between you and Full House Resorts,
Inc. concerning your 350,000 shares of Series 1992 Preferred Stock. 
 When signed or accepted by you, paragraph 5 titled Termination of the
May 19, 2006 agreement shall be amended to replace July 31, 2006 with October 31, 2006 with the effect that the agreement to convert your preferred shares into common upon the Company’s payment of accrued and unpaid dividends on
the preferred shall terminate and expire as of 5:00 PM Las Vegas time on October 31, 2006. 
 If this is your understanding, please countersign this
letter and return to me at the office address above, or fax to 702-221-8101 or by noting your acceptance in a reply email to me. 
 We appreciate your understanding and consideration in this matter. 
  

			
	Very truly yours,
	
	FULL HOUSE RESORTS, INC.
		
	By:	 	/s/ Barth F. Aaron
	Name:	 	Barth F. Aaron
	Title:	 	Secretary

 Accepted and Agreed as of the __ day of September, 2006 
  

	
	 /s/ Joe Frazier

	Joe Frazier

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