Document:

Exhibit 10.6

 

AMENDMENT TO EMPLOYMENT AGREEMENT

 

This AMENDMENT TO EMPLOYMENT AGREEMENT
(this “Amendment”) is dated May 1, 2018, by and between Nevada Gold & Casinos, Inc., a Nevada corporation
(the “Company”), and Michael P. Shaunnessy (“Employee”).

 

RECITALS

 

WHEREAS, the Company and Employee entered
into that certain Employment Agreement dated July 19, 2016 (the “Employment Agreement”); and

 

WHEREAS, the parties desire to make a
clarifying amendment to the Employment Agreement.

 

NOW THEREFORE, in consideration of the
mutual covenants and promises contained herein, the parties agree as follows:

 

1.       The
second sentence of Section 5(a) of the Employment Agreement is hereby deleted in its entirety and replaced with the following:

 

“In such case, Employer shall pay the Annual Salary
to Employee for a twelve month period following termination of employment plus a pro rata performance bonus and accrued but unused
vacation as of the date of termination. If Employee timely elects continuation coverage pursuant to the Consolidated Omnibus Budget
Reconciliation Act of 1986, as amended (“COBRA”) for Employee and his eligible dependents the Company will monthly
reimburse Employee for the COBRA premiums for such coverage for twelve months from the date of termination (the “Continuation
Benefit”).”

 

2.       The
second sentence of Section 5(b) of the Employment Agreement is hereby deleted in its entirety and replaced with the following:

 

“In the event of such a termination, Employer shall
pay to Employee in a lump sum (i) an amount equal to twelve months Annual Salary, (ii) a pro rata performance bonus and (iii) accrued
but unused vacation as of the date of termination. In addition, Employee will be entitled to the Continuation Benefit.”

 

3.       All
other terms of the Employment Agreement shall remain in effect.

 

[Signature Page Follows]

 

     

     

    

 

IN WITNESS WHEREOF, the parties have
executed this Amendment as of the day and year first above written.

 

	 	THE COMPANY:
	 	 
	 	NEVADA GOLD & CASINOS, INC.
	 	 
	 	BY: 	          
	 	 
	 	EMPLOYEE:
	 	 
	 	 
	 	Michael P. ShaunnessyExhibit 10.7

 

AMENDMENT TO EMPLOYMENT AGREEMENT

 

This AMENDMENT TO EMPLOYMENT AGREEMENT
(this “Amendment”) is dated May 1, 2018, by and between Nevada Gold & Casinos, Inc., a Nevada corporation
(the “Company”), and James D. Meier (“Employee”).

 

RECITALS

 

WHEREAS, the Company and Employee entered
into that certain Employment Agreement dated July 19, 2016 (the “Employment Agreement”); and

 

WHEREAS, the parties desire to make a
clarifying amendment to the Employment Agreement.

 

NOW THEREFORE, in consideration of the
mutual covenants and promises contained herein, the parties agree as follows:

 

1.           The
second sentence of Section 5(a) of the Employment Agreement is hereby deleted in its entirety and replaced with the following:

 

“In such case, Employer shall pay the Annual Salary
to Employee for a twelve month period following termination of employment plus a pro rata performance bonus and accrued but unused
vacation as of the date of termination. If Employee timely elects continuation coverage pursuant to the Consolidated Omnibus Budget
Reconciliation Act of 1986, as amended (“COBRA”) for Employee and his eligible dependents the Company will monthly
reimburse Employee for the COBRA premiums for such coverage for twelve months from the date of termination (the “Continuation
Benefit”).”

 

2.          The
second sentence of Section 5(b) of the Employment Agreement is hereby deleted in its entirety and replaced with the following:

 

“In the event of such a termination, Employer shall
pay to Employee in a lump sum (i) an amount equal to twelve months Annual Salary, (ii) a pro rata performance bonus and (iii) accrued
but unused vacation as of the date of termination. In addition, Employee will be entitled to the Continuation Benefit.”

 

3.          All
other terms of the Employment Agreement shall remain in effect.

 

[Signature Page Follows]

 

     

     

    

 

IN WITNESS WHEREOF, the parties have
executed this Amendment as of the day and year first above written.

 

	 	THE COMPANY:
	 	 
	 	NEVADA GOLD & CASINOS, INC.
	 	 
	 	BY: 	           
	 	 
	 	EMPLOYEE:
	 	 
	 	 
	 	James D. MeierExhibit 10.8

 

AMENDMENT TO EMPLOYMENT AGREEMENT

 

This AMENDMENT TO EMPLOYMENT AGREEMENT
(this “Amendment”) is dated May 1, 2018, by and between Nevada Gold & Casinos, Inc., a Nevada corporation
(the “Company”), and Victor H. Mena (“Employee”).

 

RECITALS

 

WHEREAS, the Company and Employee entered
into that certain Employment Agreement dated February 1, 2017 (the “Employment Agreement”); and

 

WHEREAS, the parties desire to make a
clarifying amendment to the Employment Agreement.

 

NOW THEREFORE, in consideration of the
mutual covenants and promises contained herein, the parties agree as follows:

 

1.          The
second sentence of Section 5(a) of the Employment Agreement is hereby deleted in its entirety and replaced with the following:

 

“In such case, Employer shall pay the Annual Salary
to Employee for a twelve month period following termination of employment plus a pro rata performance bonus and accrued but unused
vacation as of the date of termination. If Employee timely elects continuation coverage pursuant to the Consolidated Omnibus Budget
Reconciliation Act of 1986, as amended (“COBRA”) for Employee and his eligible dependents the Company will monthly
reimburse Employee for the COBRA premiums for such coverage for twelve months from the date of termination (the “Continuation
Benefit”).”

 

2.          The
second sentence of Section 5(b) of the Employment Agreement is hereby deleted in its entirety and replaced with the following:

 

“In the event of such a termination, Employer shall
pay to Employee in a lump sum (i) an amount equal to twelve months Annual Salary, (ii) a pro rata performance bonus and (iii) accrued
but unused vacation as of the date of termination. In addition, Employee will be entitled to the Continuation Benefit.”

 

3.           All
other terms of the Employment Agreement shall remain in effect.

 

[Signature Page Follows]

 

     

     

    

 

IN WITNESS WHEREOF, the parties have
executed this Amendment as of the day and year first above written.

 

	 	THE COMPANY:
	 	 
	 	NEVADA GOLD & CASINOS, INC.
	 	 
	 	BY: 	           
	 	 
	 	EMPLOYEE:
	 	 
	 	 
	 	Victor H. MenaExhibit 10.9

 

AMENDMENT TO EMPLOYMENT AGREEMENT

 

This AMENDMENT TO EMPLOYMENT AGREEMENT
(this “Amendment”) is dated May 1, 2018, by and between Nevada Gold & Casinos, Inc., a Nevada corporation
(the “Company”), and Ernest E. East (“Employee”).

 

RECITALS

 

WHEREAS, the Company and Employee entered
into that certain Employment Agreement dated April 14, 2011 (the “Employment Agreement”) and a certain Letter
Agreement dated April 2, 2018 that temporarily amends such Employment Agreement; and

 

WHEREAS, the parties desire to make a
clarifying amendment to the Employment Agreement.

 

NOW THEREFORE, in consideration of the
mutual covenants and promises contained herein, the parties agree as follows:

 

1.        The
second sentence of Section 4(a) of the Employment Agreement is hereby deleted in its entirety and replaced with the following:

 

“In such case, Employer shall pay the Annual Salary
to Employee for a twelve month period following termination of employment plus a pro rata performance bonus and accrued but unused
vacation as of the date of termination. If Employee timely elects continuation coverage pursuant to the Consolidated Omnibus Budget
Reconciliation Act of 1986, as amended (“COBRA”) for Employee and his eligible dependents the Company will monthly
reimburse Employee for the COBRA premiums for such coverage for twelve months from the date of termination (the “Continuation
Benefit”).”

 

2.        The
second sentence of Section 4(b) of the Employment Agreement is hereby deleted in its entirety and replaced with the following:

 

“In the event of such a termination, Employer shall
pay to Employee in a lump sum (i) an amount equal to twelve months Annual Salary, (ii) a pro rata performance bonus and (iii) accrued
but unused vacation as of the date of termination. In addition, Employee will be entitled to the Continuation Benefit.”

 

3.        All
other terms of the Employment Agreement, including the Letter Agreement, shall remain in effect.

 

[Signature Page Follows]

 

     

     

    

 

IN WITNESS WHEREOF, the parties have
executed this Amendment as of the day and year first above written.

 

	 	THE COMPANY:
	 	 
	 	NEVADA GOLD & CASINOS, INC.
	 	 
	 	BY: 	          
	 	 	 
	 	EMPLOYEE:
	 	 
	 	 
	 	Ernest E. EastExhibit 10.10

 

 

April 2, 2018

 

Ernest E. East

Nevada Gold & Casinos, Inc.

133 E. Warm Springs Road

Suite 102

Las Vegas, Nevada 89119

 

Dear Ernie:

 

This letter agreement sets forth the mutual
understanding between Nevada Gold & Casinos, Inc. (the “Company”) and yourself regarding a temporary change to
your employment agreement dated April 14, 2011 (the “Employment Agreement”).

 

On February 15, 2018, the Company entered
into a letter of intent (“LOI”) with Great Elm Capital Group (“GEC”) for GEC to acquire all of the outstanding
stock of the Company (the “Transaction”). The LOI is subject to a number of contingency’s during a sixty (60)
day due diligence period including GEC’s completion of business, legal and tax reviews and execution of a definitive purchase
agreement and other documentation. GEC has indicated a desire to move forward expeditiously and has retained legal counsel and
other advisors to assist in its review and completion of the Transaction.

 

It is the judgment of the Board of Directors
and management of the Company that your participation on a full time basis is desirable to complete the Transaction. Accordingly,
we have requested and you have agreed to resume your previous duties as General Counsel of the Company of a full time basis until
completion of the Transaction, or notification by GEC that it no longer wishes to pursue the Transaction. During the term of your
temporary assignment:

 

		1:	Your title shall be Vice President, General Counsel and Compliance Officer of the Company;

 

		2:	Effective March 15, 2018 your annual salary shall be $225,000 per annum;

 

		3:	The vacation, fringe benefits performance bonuses and stock option provisions of your Employment Agreement shall remain the
same.

 

Upon closing, or termination, of the Transactions
your Employment Contract shall immediately go back into effect, except that your annual salary shall be $90,000 per annum, consistent
with the salary increase you were granted on January 1, 2016.

 

In addition, your Employment Contract and
this Agreement shall be construed by the laws of the State of Nevada and may not be amended without express written consent of
the parties hereto.

 

	 	Nevada Gold & Casinos, Inc.	 
	 	 	 	 
	 	By	 	 
	 	 	William J. Sherlock	 
	 	 	Chairman of the Board of Directors	 
	 	 	 	 
	 	Agreed	 	 
	 	 	Ernest E. East	 

 

133
E. Warm Springs Road, Suite 102 Ÿ Las
Vegas, NV 89119 Ÿ P:
702.685.1000 Ÿ F:
702.685-1265

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