Document:

Services Agreement, dated June 18, 2004

 EXHIBIT 10.49 
  
 SERVICES AGREEMENT 
  
 SERVICES AGREEMENT, dated as of June 18, 2004 (this “Agreement”), between RESORTS INTERNATIONAL HOTEL AND CASINO, INC., a Delaware corporation
(f/k/a Colony RIH Acquisitions, Inc.) (“Resorts”) and COLONY RESORTS LVH ACQUISITIONS, LLC, a Nevada limited liability company (“LVH”). 
  
 R E C I T A L S: 
  
 WHEREAS, Nicolas L. Ribis (“Ribis”) and Resorts are parties to that certain Vice Chairman Agreement, dated as of
April 25, 2001, as amended by that certain First Amendment dated as of June 18, 2004 (as amended, the “Resorts VC Agreement”); and 
  
 WHEREAS, Ribis and LVH are parties to that certain Vice Chairman Agreement, dated as of June 18, 2004 (the “LVH VC Agreement” and together with
the Resorts VC Agreement, the “VC Agreements”); and 
  
 WHEREAS, pursuant to Article VII of the Resorts VC Agreement and Article VIII of the LVH VC Agreement, Ribis is entitled to certain benefits and perquisites from Resorts and LVH, respectively; and 
  
 WHEREAS, Resorts and LVH desire to allocate the cost of the benefits to be
provided to Ribis under Article VII of the Resorts VC Agreement and Article VIII of the LVH VC Agreement, based on the proportion of business time Ribis dedicates to each of Resorts and LVH. 
  
 NOW, THEREFORE, on the basis of the foregoing premises and in consideration
of the mutual covenants and agreements contained herein, the parties hereto agree as follows: 
  
 Section 1. Defined Terms. Unless otherwise defined herein, capitalized terms in this Agreement have the meanings ascribed to them in the LVH VC Agreement. 
  

	 	Section	2. Allocation of Benefits. 

  
 (a) During the Term and the term of the Resorts VC Agreement (the “Resorts Term”), Resorts and LVH agree that the costs of all
benefits provided to Ribis in accordance with the provisions of Article VII of the Resorts VC Agreement and Article VIII of the LVH VC Agreement, shall be allocated between Resorts and LVH annually, based on the proportion of business time Ribis
dedicates to each of Resorts and LVH, each calendar year during the Term and the Resorts Term, as Resorts and LVH shall agree in accordance with the provisions of this Section 2. 
  
 (b) Promptly after end of each calendar year during the Term and the Resorts Term, each of LVH and Resorts,
respectively, shall cause Ribis to submit a written notification (the “Ribis Notice”) to each such entity specifying the proportion of Ribis’ business time dedicated to such entity during the prior calendar year. 

 (c) Promptly following receipt of the Ribis Notice, each party hereto shall forward a
copy of the Ribis Notice it received to the other party along with a summary of the cost to such entity of the benefits and perquisites provided to Ribis under the applicable VC Agreement. 
  
 (d) Within ten (10) days following the receipt of the Ribis
Notice from Resorts, LVH shall caused to be prepared and delivered to Resorts, a schedule (the “Allocation Schedule”), which allocates the aggregate cost of Ribis’ benefits and perquisites under the VC Agreements, to each of LVH and
Resorts based on the proportion of business time Ribis dedicated to each of Resorts and LVH, in the prior calendar year, as disclosed in the Ribis Notices and the aggregate cost of benefits and perquisites paid by each entity to Ribis during the
prior calendar year under the terms of the applicable VC Agreement. 
  
 (e) In the event Resorts shall disagree with the Allocation Schedule, it shall, with ten (10) days after its receipt of the Allocation Schedule, notify LVH of such disagreement in writing, setting forth in detail the
particulars of such disagreement. In the event Resorts does not provide such notice of disagreement within such ten (10) day period, Resorts shall be deemed to have accepted the Allocation Schedule. In the event such disagreement notice is timely
provided, Resorts and LVH, shall use their reasonable best efforts for a period of ten (10) days (or such longer period as they may mutually agree) to resolve any disagreements with respect to calculations contained in the Allocation Schedule. If,
at the end of such period, they are unable to resolve such disagreements, then an independent accounting firm with no existing relationship with either party that is mutually selected by Resorts and LVH (the “Auditor”) shall resolve any
remaining disagreements. The Auditor shall promptly deliver to Resorts and LVH its determination in writing, which determination shall be (i) consistent with either the position of Resorts or LVH or (ii) between the positions of Resorts and LVH. The
fees and expenses of the Auditor shall be paid one-half by Resorts and one-half by LVH. The determination of the Auditor shall be final, binding and conclusive for purposes of this Agreement. The date on which the Allocation Schedule is agreed to in
accordance with the provisions of this Section 2 is hereinafter referred to as the Determination Date. 
  
 (f) Within ten (10) days of the Determination Date, the amount, which may be payable by either Resorts or LVH, as the case may be, shall
be paid to the applicable party in cash by wire transfer of immediately available funds. 
  
 (g) In the event that either VC Agreement is terminated, Resorts or LVH, as the case may be, shall have no responsibility for the cost of
any benefits or perquisites provided to Ribis by the other party after the effective date of such termination under the Resorts VC Agreement or the LVH VC Agreement, as case may be; provided, however, that Resorts or LVH, as the case
may be, shall be responsible for its respective pro-rata share of the cost of the benefits and perquisites provided to Ribis prior the effective date of the termination of the Resorts VC Agreement or the LVH VC Agreement, as the case may be.

  

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 (h) Resorts and LVH may, but shall not be obligated to, agree upon an interim allocation of the costs of
Ribis’ benefits and perquisites under the VC Agreements and a corresponding interim reimbursement for such costs, provided the parties reconcile any such interim allocation annually in the Allocation Schedule. 
  
 (i) All direct expenses incurred by Resorts under the Resorts VC Agreement,
and by LVH under the LVH VC Agreements, including obligations to reimburse Ribis for travel and similar expenses, shall be paid directly by LVH or Resorts, as the case may be. 
  
 Section 3. General Representations and Warranties. Each party hereto represents and warrants to the other party that:

  
 (a) it has full power and authority to enter
into this Agreement; 
  
 (b) the execution,
delivery and performance of this Agreement will not conflict with, violate or result in a default under (with or without the giving of notice or passage or time or both) such party’s organizational documents and bylaws (or comparable documents)
or other material agreements; and 
  
 (c) it has
duly executed and delivered this Agreement, which constitutes the valid and binding obligation of such party, enforceable against such party in accordance with its terms. 
  
 Section 4. Governing Law. This Agreement shall be construed, performed and enforced in accordance with, and governed
by, the laws of the State of New York, without giving effect to the conflicts of laws principles thereof that might refer such interpretations to the laws of a different state or jurisdiction. 
  
 Section 5. Amendments and Waivers. This Agreement may not be amended,
and none of its provisions may be modified, except expressly by an instrument signed by the parties hereto. No failure or delay of a party in exercising any power or right hereunder shall operate as a waiver thereof, nor shall any single or partial
exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. No waiver by a party of any provision of
this Agreement or consent to any departure therefrom shall in any event be effective unless the same shall be in writing and signed by such party, and then such waiver or consent shall be effective only in the specific instance and for the purpose
for which given. 
  
 Section 6. Entire Agreement. This
Agreement constitutes the entire agreement and supersedes any and all other prior agreements and undertakings, both written and oral, among the parties, or any of them, with respect to the subject matter hereof. 
  
 Section 7. Notices. All written notices required under this Agreement
shall be given in writing and shall be deemed to have been given upon (i) transmitter’s confirmation of a receipt of a facsimile transmission to the recipient’s facsimile number last communicated to the transmitter, (ii) confirmed delivery
by a standard overnight carrier or when delivered by hand or (iii) the expiration of five business days after the day when mailed by certified or registered mail, postage prepaid, addressed in the case of (ii) and (iii) above to the recipient
thereof at its business address last communicated to the party giving such notice. 
  

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 Section 8. No Third Party Beneficiaries. Nothing in this Agreement is intended to confer any
rights or remedies under or by reason of this Agreement on any persons other than Resorts and LVH and their respective successors. Nothing in this Agreement is intended to relieve or discharge the obligations or liability of any third persons to
Resorts or LVH. No provision of this Agreement shall give any third persons any right of subrogation or action over or against Resorts or LVH. 
  
 Section 9. Section and Paragraph Headings. The section and paragraph headings in this Agreement are for reference purposes only and shall not
affect the meaning or interpretation of this Agreement. 
  
 Section 10. Legal Enforceability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without
affecting the validity or enforceability of the remaining provisions hereof. Any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. If any provision of this
Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as is enforceable. 
  
 Section 11. Counterparts. This Agreement may be executed in one or more counterparts (including by facsimile), each of which shall be deemed an
original and all of which together shall be considered one and the same agreement. 
  
 [Signature Page Follows] 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.

  

			
	 RESORTS INTERNATIONAL HOTEL AND
 CASINO, INC.

		
	 By:
	 	 /s/ Audrey S. Oswell

	 Name:
	 	 Audrey S. Oswell

	 Title:
	 	 President and Chief Executive Officer

	
	 COLONY RESORTS LVH ACQUISITIONS,
 LLC

		
	 By:
	 	 /s/ Rodolfo Prieto

	 Name:
	 	 Rodolfo Prieto

	 Title:
	 	 Chief Executive Officer and General ManagerLarry Romel Employee Offer Letter

 Exhibit 10.1 
  
 [XCYTE THERAPIES, INC. COMPANY LETTERHEAD] 
  
 June 14, 2004 
  
 Larry Romel 
 767 El Granada Boulevard 
 Half Moon Bay, CA 94019 
  
 Dear Larry: 
  
 On behalf of Xcyte Therapies, Inc. (the “Company”), I am pleased to offer you the full time position of Vice President, Clinical
Operations and Project Management of the Company. Speaking for myself, as well as the other members of the Company’s team, we are all very impressed with your credentials and we look forward to your future success in this position.

  
 The terms of your new position with the Company are as set
forth below: 
  
 1. Position. 
  
 a. You will become the Vice President, Clinical Operations and Project
Management of the Company, working out of the Company’s headquarters office in Seattle. You will report to the Company’s Chief Business Officer, Robert Kirkman. 
  
 b. You agree to the best of your ability and experience that you will at all times loyally and conscientiously perform all
of the duties and obligations required of and from you pursuant to the express and implicit terms hereof, and to the reasonable satisfaction of the Company. During the term of your employment, you further agree that you will devote all of your
business time and attention to the business of the Company, the Company will be entitled to all of the benefits and profits arising from or incident to all such work services and advice, you will not render commercial or professional services of any
nature to any person or organization, whether or not for compensation, without the prior written consent of the Company’s Board of Directors, and you will not directly or indirectly engage or participate in any business that is competitive in
any manner with the business of the Company. Nothing in this letter agreement will prevent you from -accepting speaking or presentation engagements in exchange for honoraria or from serving on boards of charitable organizations, or from owning no
more than one percent (1%) of the outstanding equity securities of a corporation whose stock is listed on a national stock exchange. 

 2. Start Date. Subject to fulfillment of any conditions imposed by this letter agreement,
you will commence this new position with the Company on a mutually agreed upon date. 
  
 3. Proof of Right to Work. For purposes of federal immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility for employment in the United
States. Such documentation must be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be terminated. 
  
 4. (a) Compensation. You will be paid a monthly salary of $ 16,500.00, which is equivalent to
$198,000.00 on an annualized basis. Your salary will be payable in two equal payments per month pursuant to the Company’s regular payroll policy (or in the same manner as other similarly situated employees of the Company). Your base
salary will be reviewed annually as part of the Company’s normal salary review process. 
  
 (b) Relocation Assistance. You will be eligible to receive reimbursement of transportation, accommodation and meals for a three-day/two-night house hunting trip for you and your spouse, as applicable, to
be made prior to your start date. Reimbursement will be made on actual receipts and submission of a properly documented expense report. 
  
 You will also be eligible for reimbursement of transportation for yourself, your spouse and dependents to Seattle (direct, one-way coach class airfare or mileage for the
most direct route from point of origin to point of destination) and for the movement of up to 15,000 lbs of household goods, and storage of those goods for a maximum of 45 days, and movement of one vehicle to the Seattle, Washington area.

  
 In addition, you are eligible to receive reimbursement of up
to 45 days of temporary housing costs (corporate housing or non-permanent apartment/house rental) for you and your immediate family in the Seattle, Washington area, not to exceed a total of $4,500 for yourself solely or $6,500 for you and your
family. 
  
 You will also receive a lump-sum relocation allowance
$8,250.00, equal to half of your monthly salary (subject to applicable withholding taxes) to be paid as soon as practicable following your start date. No expense reporting is required for this allowance. 
  
 You will be required to reimburse us for all monies paid to you or on your
behalf for the purpose of relocation assistance on a one-year pro rata basis if you voluntarily terminate your employment with us before completing one year of continuous employment with us. 
  
 5. Stock Options. 
  
 a. Initial Grant. In connection with the commencement of your
employment, the Company will recommend that the Board of Directors grant you an option to purchase 30,000 shares of the Company’s Common Stock (“Option”) with an exercise price equal to the fair market value on the date
of the grant, which will be as soon as practicable after your Start Date. This Option will vest (and be exercisable) at the rate of 25% of the shares on the twelve (12) month 

 anniversary of your Vesting Commencement Date (as defined in the your stock option agreement, which date will be your
Start Date, as defined above) and the remaining Option will vest monthly thereafter at the rate of 1/48 of the total number of shares per month. Vesting will, of course, depend on your continued employment with the Company. The Option will be an
incentive stock option to the maximum extent allowed by the tax code and will be subject to the terms of a Company stock option plan and the stock option agreement between you and the Company. 
  
 b. Subsequent Option Grants. Subject to the discretion of the
Company’s Board of Directors, you may be eligible to receive additional grants of stock options or purchase rights from time to time in the future, on such terms and subject to such conditions as the Board of Directors shall determine as of the
date of any such grant. 
  
 6. Benefits. 

 
 a. Insurance Benefits. The Company will provide you with
the opportunity to participate in the standard benefits plans currently available to other similarly situated employees, including medical, dental, vision and life insurance, subject to any eligibility requirements imposed by such plans. You should
note that Xcyte Therapies might modify salaries and benefits from time to time, as it deems necessary. 
  
 b. Vacation; Sick Leave. You will be entitled to 12 days paid vacation per calendar year, pro-rated for the remainder of this calendar year,
in your first year of service. Vacation accrues according to the following schedule: 8.00 hours per month in the first year of service, with such accrual capped at 180 hours. Vacation may not be taken before it is accrued. In addition, you will be
entitled to take up to 10 days sick leave per calendar year, pro-rated for the remainder of this calendar year. 
  
 c. Company Policies. As an employee, you will be expected to abide by Company rules and regulations. Your commencement of employment with
the Company is contingent upon the execution and delivery to an officer of the Company, of an acknowledgment that you have read and understand the Company’s rules and regulations, which will be provided to you in an employee handbook.

  
 7. Proprietary Information and Inventions Agreement.
Your acceptance of this offer and commencement of employment with the Company is contingent upon the execution, and delivery to an officer of the Company, of the Company’s Proprietary Information and Inventions Agreement, a copy of which is
enclosed for your review and execution (the “Confidentiality Agreement”) as Exhibit A, prior to or on your Start Date. 
  
 8. Confidentiality of Terms. You agree to follow the Company’s strict policy that employees must not disclose, either directly or
indirectly, any information, including any of the terms of this agreement, regarding salary, bonuses, or stock purchase or option allocations to any person, including other employees of the Company; provided, however, that you may discuss such terms
with members of your immediate family and any legal, tax or accounting specialists who provide you with individual legal, tax or accounting advice. 

 9. At-Will Employment. Your employment with the Company will be on an “at will”
basis, meaning that either you or the Company may terminate your employment at any time for any reason or no reason, without further obligation or liability. 
  
 10. Separation Benefits. Employee shall be entitled to receive separation benefits upon termination of employment only as set forth in this
Section 10; provided, however, that in the event Employee is entitled to any severance pay under a Company-sponsored severance pay plan, any such severance pay to which Employee is entitled under such severance pay plan shall reduce the amount of
severance pay to which Employee is entitled pursuant to this Section 10. In all cases, upon termination of employment Employee will receive payment for all salary and unused vacation accrued as of the date of Employee’s termination of
employment and Employee’s benefits will be continued under the Company’s then existing benefit plans and policies in accordance with such plans and policies in effect on the date of termination and in accordance with applicable law or as
provided for herein. 
  
 (a) Voluntary Resignation.
If Employee voluntarily elects to terminate Employee’s employment with the Company, Employee shall not be entitled to any severance benefits. 
  
 (b) Termination for Cause. If the Company or its successor terminates Employee’s employment for Cause, then Employee shall not be
entitled to receive any separation benefits. 
  
 (c)
Involuntary Termination. If Employee’s employment is terminated by the Company or its successor under circumstances that constitute an Involuntary Termination, provided Employee signs a general release of claims in substantially
the form attached hereto as Exhibit B, Employee shall receive (i) continued payment of his then current base salary until the date that is three (3) months from Employee’s Involuntary Termination, subject to applicable withholding
taxes, and paid in accordance with the Company’s normal payroll schedule commencing after Employee’s execution of the general release of claims, and (ii) reimbursement for his expenses incurred in continuing his medical insurance for
himself and his dependents under the Consolidated Omnibus Budget Reconciliation Act of 1984, as amended (“COBRA”), as applicable, for a period of three (3) months following the commencement of such COBRA continuation coverage, provided
Employee makes a timely election for and continues to be eligible for such continued coverage. 
  
 (d) Termination by Reason of Death or Disability. In the event that Employee’s employment with the Company terminates as a result of Employee’s death or his inability to perform the essential
functions of his position with or without reasonable accommodation on account of a mental or physical disability, Employee or Employee’s estate or representative, as applicable, will receive all salary and unpaid vacation accrued as of the date
of Employee’s employment termination and any other benefits payable under the Company’s then existing benefit plans and policies in accordance with such plans and policies in effect on the date of termination and in accordance with
applicable law. 

 (e) Definition of “Involuntary Termination”. For purposes of this Agreement,
Employee shall be considered to have been terminated under circumstances that constitute Involuntary Termination if he is terminated by the Company or its successor without Cause (other than on account of death or disability). 
  
 (f) Definition of “Cause”. For purposes of this
Agreement, “Cause” for Employee’s termination will exist at any time after the happening of one or more of the following events: 
  
 (i) Employee’s failure to cure, within 30 days after written notice thereof from the Company, his failure to substantially perform his duties
hereunder or gross negligence in the performance thereof, or failure to follow Company policy as set forth from time to time or to follow the legal directives of the Company, so long as such directives are not inconsistent with the Employee’s
position and duties and this Agreement; 
  
 (ii) Employee’s
act of fraud or embezzlement, or of dishonesty or other misconduct that materially damages the Company, including conviction of a felony; 
  
 (iii) Employee’s incurable willful breach of any material provision of the Confidentiality Agreement (as defined in Section 7 above), including
without limitation, Employee’s theft or other misappropriation of the Company’s proprietary information. 
  
 [Signature Page Follows] 

 We are all delighted to be able to extend you this offer and look forward to working with you. To
indicate your acceptance of the Company’s offer, please sign and date this letter in the space provided below and return it to me, along with a signed and dated copy of the Confidentiality Agreement. This letter, together with the
Confidentiality Agreement, set forth the terms of your employment with the Company and supersede any prior representations or agreements, whether written or oral. This letter may not be modified or amended except by a written agreement, signed by
the Company and by you. 
  

					
	Very truly yours,	 	ACCEPTED AND AGREED:
		
	XCYTE THERAPIES, INC.	 	LARRY ROMEL
			
	By:	 	 /s/ Ronald J. Berenson

	 	 /s/ Larry Romel

	 	 	 	 	Signature
			
	Title:	 	CEO & President	 	6/15/04
	 	 	 	 	Date

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