SEC Contract Filing

Filing Date: 2025-06-17

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>fll-20250614xex10d1.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 10.10.0.134--><!--Created on: 6/17/2025 04:20:21 PM (UTC)--><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Helvetica';font-size:10pt;line-height:1.19;text-align:right;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Exhibit 10.1</b></p><p style="font-family:'Helvetica';font-size:11pt;line-height:1.19;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-decoration-color:#000000;visibility:hidden;">&#8203;</font></p><p style="font-family:'Helvetica';font-size:11pt;line-height:1.19;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-decoration-color:#000000;visibility:hidden;">&#8203;</font></p><p style="font-family:'Helvetica';font-size:11pt;line-height:1.19;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-decoration-color:#000000;visibility:hidden;">&#8203;</font></p><p style="font-family:'Helvetica';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">EMPLOYMENT AGREEMENT</b></p><p style="font-family:'Helvetica';font-size:11pt;line-height:1.19;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-decoration-color:#000000;visibility:hidden;">&#8203;</font></p><p style="font-family:'Helvetica';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;">THIS EMPLOYMENT AGREEMENT (the </font><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;">&#8220;</font><u style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Agreement</u><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;">&#8221;) is made effective as of </font><a name="_DV_C3"></a><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;">the date of execution of the last party to execute this Agreement </font><a name="_DV_M2"></a><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;">(the &#8220;</font><u style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Effective Date</u><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;">&#8221;) by and between FULL HOUSE RESORTS, INC., a Delaware corporation (the &#8220;</font><u style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Company</u><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;">&#8221;), and DANIEL R. LEE, an individual (the &#8220;</font><u style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Executive</u><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;">&#8221;) (&#8220;Company&#8221; and &#8220;Executive&#8221; may also be referred to individually, as a &#8220;Party,&#8221; or together, as the &#8220;Parties&#8221;), with respect to the following facts and circumstances:</font><a name="_DV_M3"></a></p><p style="font-family:'Helvetica';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-decoration-color:#000000;visibility:hidden;">&#8203;</font></p><p style="font-family:'Helvetica';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><font style="font-size:11pt;"><a name="_DV_M4"></a></font><font style="font-family:'Times New Roman','Times','serif';">RECITALS</font></p><p style="font-family:'Helvetica';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-decoration-color:#000000;visibility:hidden;">&#8203;</font></p><p style="font-family:'Helvetica';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Helvetica';font-size:11pt;font-style:normal;font-weight:normal;"><a name="_DV_M5"></a></font></font><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;">Company desires to retain Executive as Chief Executive Officer of Company on the terms and conditions set forth herein. Executive desires to be retained by Company in such capacity, on the terms and conditions and for the consideration set forth below. &#160;Except as provided herein, this Agreement supersedes the employment agreement dated December 31, 2020 (the &#8220;</font><u style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Prior Employment Agreement</u><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;">&#8221;).</font></p><p style="font-family:'Helvetica';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-decoration-color:#000000;visibility:hidden;">&#8203;</font></p><p style="font-family:'Helv