Document:

Exhibit
10.42

Dear Deborah,

The Purpose of
this letter is to formally memorialize our offer of employment to you with 155
East Tropicana, LLC (hereafter “Employer”) for the position of Senior Vice
President of Finance of Hooters Casino Hotel in Las Vegas, Nevada. You asked
that we memorialize the terms of the offer of employment in writing and as a
result, the terms are contained herein.

1.                           Position: Senior Vice President of Finance

2.                           Base Salary: $150,000.00 gross salary annually. Your salary
levels will be reviewed and adjusted on an annual basis consistent with
performance, and the Boards direction for the Executive Team.  Obviously, if employment is terminated for
cause, you will be paid through the last day worked prior termination.
Conversely, if the employment is terminated at any time without cause, you will
receive Separation Pay as outlined herein; however, if you quit at any time,
compensation will only be paid through the last day of employment.

3.                           Employment Date: Employment will commence on or about
Tuesday, February 1, 2005.

4.                           Employment: Under Nevada law, you will be considered an
employee “at will”. Hopefully this will be a long and mutually beneficial
relationship between you and 155 East Tropicana, LLC.

5.                           Termination Without Cause: If at any time during the course
of your employment the Employer chooses to terminate your employment, without
cause, then you will continue to receive for six (6) months after said
termination, without cause, your monthly gross salary and benefits as
Separation Pay.

6.                           Bonus: A bonus of $50,000 will be paid upon the successful
completion of the funding of the Bond Offering through Jeffries. However if you
quit prior to your one year anniversary this bonus must be repaid to the
Company. It also is anticipated that the Employer will create a bonus program
to commence at the opening of the Hooters Casino Hotel. At that time, you will
be eligible to participate in the bonus program to be paid each fiscal year in
addition to your annual gross salary. It is anticipated, depending on
performance standards set by the Board of Directors, that your bonus would be
anywhere between zero and approximately $50,000 on an annual basis.

7.                           Employee Benefits: You will receive all standard that are
currently offered to San Remo executives subject to standard eligibility
requirements, waiting periods, etc. Currently this will include medical,
dental, and vision insurance coverage at no premium cost to you, similar
coverage for your spouse at subsidized rates, life insurance of $280,000, and
flexible vacation time within our policy guidelines. You are also eligible to
participate in the 401K and Section 125 Plans if you choose.

Once 155 takes over
operations of the Casino Hotel, you will be offered a similar benefit package
consistent with other executives. Until you are eligible to participate in the
benefits offered as described above, you shall receive additional funds to
reimburse any COBRA expenses you may have, but not exceed $500.00 per month.

8.                           Eastern and Western Hotel Corporation. As you know, the 155
E. Tropicana LLC is currently not operating the property. The Tenant, Eastern
and Western Hotel Corporation, has the responsibility of your employment up to
the time when Hooters Casino Hotel is licensed by the Nevada Gaming Commission.
Until 155 E. Tropicana LLC takes over the property, and you will be an employee
of Eastern and Western Hotel Corporation and you will be compensated by Tenant.
155 E. Tropicana LLC agrees to assume the terms of this agreement once it is
licensed to do be in operation by the Nevada Gaming Commission.

9.                           Immediate Superior: 
Your immediate superior will be Michael Hessling, of Eastern and Western
Hotel Corporation, until further notice. Once 155 E. Tropicana LLC is licensed
it is anticipated that you will also have an additional reporting relationship
to Bruce Clark, CFO for 155.

I trust that you
will find the foregoing acceptable and we look forward to working with you in
the future. I would ask that your acknowledge receipt of the terms contained
herein in the space provided below.

	
  155 EAST TROPICANA, LLC

  	
   

  	
  EASTERN & WESTERN HOTEL CORP.

  
	
   

  	
   

  	
  A Nevada corporation,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Neil G.
  Kiefer

  	
   

  	
  /s/ Michael J. Hessling

  
	
  Neil G. Kiefer,
  CEO

  	
   

  	
  Michael Hessling, Executive Vice President

  

I, Deborah Pierce, have reviewed, understand and agree
to the terms and conditions set forth in this letter relative to my employment
with Eastern and Western Hotel Corp., and 155 East Tropicana, LLC.

	
  Dated:

  	
   

  	
  February 1, 2005

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Deborah J. Pierce

  
	
   

  	
   

  	
  Deborah PierceExhibit
10.43

Mr. Kim Tyler

3707 Gilbert Ave.,
Apt. 14

Dallas, TX 75219-6700

Dear Kim:

The purpose of this
letter is to formally memorialize our offer of employment to you with 155 East
Tropicana, LLC (hereafter “Employer”) for the position of Senior Vice President
of Food and Beverage of Hooters Casino Hotel in Las Vegas, Nevada. You asked
that we memorialize the terms of the offer of employment in writing and as a
result, the terms are contained herein.

1.             Position:   Senior Vice President of Food and Beverage.

2.                                       Base Salary:  $150,000.00 gross
salary annually.  Obviously, if
employment is terminated for cause, you will be paid through the last day
worked prior to termination.  Conversely,
if the employment is terminated at any time without cause, you will receive
Separation Pay as outlined herein; however, if you quit at any time,
compensation will only be paid through the last day of employment.

3.                                       Employment Date:  Employment will
commence on or about Monday, January 3, 2005. 
As we have discussed with you, you will initially be stationed in the
Florida market learning the various management and operational aspects of the
Hooters restaurants in South Florida and Tampa Bay, Dan Marino’s Town Tavern,
Martini Bar and Pete & Shorty’s Tavern. 
Employer will cover reasonable living expenses and transportation
expenses to Florida while stationed in Florida.   It is anticipated that your length of stay
in Florida will be approximately three months, but this is only a general
estimate at this point in time.

4.                                       Employment:  As we discussed, you
will be considered an employee “at will”. 
Hopefully, this will be a long and mutually beneficial relationship
between you and 155 East Tropicana, LLC.

5.                                       Termination Without Cause:  If at
any time during the course of your employment the Employer chooses to terminate
your employment, without cause, then you will continue to receive for six (6)
months after said termination, without cause, your monthly gross salary as
Separation Pay.

6.                                       Bonus:  The base salary shall
continue for all times up to and including the opening of the Hooters Hotel and
Casino with all food and beverage outlets in operation.  Employer believes that the Hooters Casino
Hotel and all food and beverage outlets shall be open and in operation by
January 31, 2006.  It is anticipated that
the Employer will create a bonus program to commence at the opening of the Hooters
Casino Hotel and all beverage outlets.  In
the event all food and beverage outlets are not opened by January 31, 2006 and
no bonus program has been established (either with Eastern & Western Hotel
Corp. or 155 East Tropicana, LLC), then commencing February 1, 2006, Employee
shall receive an additional $2,000 per month in gross wages in lieu thereof
until a bonus program has been established and implemented.  At that time, you will be eligible to participate
in the bonus program to be paid each fiscal year in addition to your annual
gross salary.  It is 

anticipated,
depending on performance, your bonus would be anywhere between zero and
approximately $50,000.00 on an annual basis.

7.                                       Employee Benefits:  You will be
receive all standard benefits that are offered to San Rémo  executives
subject to standard eligibility requirements, waiting periods, etc. Currently
this will include medical, dental, and vision insurance coverage at no premium
cost to you (after a 6 month waiting period) , similar coverage for your spouse
at subsidized rates,  life insurance of
$280,000, and flexible vacation time within our policy guidelines. You are also
eligible to participate in the 401K and Section 125 Plans if you choose. Once
155 takes over operations of the Casino Hotel, you will be offered a similar
compensation package consistent with other executives. Until you are eligible
to participate in the benefits offered as described above, you shall receive
additional funds to reimburse any COBRA expenses you may have not to exceed
$500.00 per month for a maximum of six months.

8.                                       Eastern and Western Hotel Corporation.  As
you know, the employer is currently not in operation of the property.  Our tenant, Eastern and Western Hotel
Corporation, will assume the responsibilities of your employment up to the time
when the Hooters Casino Hotel becomes operational, and the employer takes over
the property, and you will be “on loan” to Eastern and Western Hotel
Corporation and you will be compensated by tenant.

9.                                       Immediate Superior:  Your
immediate superior will be Michael Hessling, of Eastern and Western Hotel
Corporation, until further notice.

10.                                 Moving Expenses.  You will be
reimbursed reasonable moving expenses up to $10,000.00 upon presentation of
satisfactory evidence of moving expenses incurred.  Moving expenses do not include expenses
associated with selling your existing Texas residence.  As we indicated at the meeting, reasonable
moving expenses in excess of $10,000.00 will be considered if incurred.

I trust that you will
find the foregoing acceptable and we look forward to working with you in the
future.  I would ask that you acknowledge
receipt and acceptance of the terms contained herein in the space provided
below.

	
  155 EAST TROPICANA, LLC

  	
   

  	
  EASTERN & WESTERN HOTEL CORP.

  	
   

  
	
   

  	
   

  	
  a Nevada Corporation

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  /s/ Neil G. Keifer

  	
   

  	
  /s/ Michael Hessling

  	
   

  
	
  Neil G. Kiefer

  	
   

  	
  Michael Hessling, Executive Vice President

  	
   

  
	
  President / CEO

  	
   

  	
   

  	
   

  
						

 

I, Kim Tyler, have
reviewed, understand and agree to the terms and conditions set forth in this
letter relative to my employment with 155 East Tropicana, LLC.

	
  Dated: October 27, 2004

  	
  /s/ Kim Tyler

  	
   

  
	
   

  	
  Kim Tyler

  

 

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