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<SEC-DOCUMENT>0000892569-07-000942.txt : 20070720
<SEC-HEADER>0000892569-07-000942.hdr.sgml : 20070720
<ACCEPTANCE-DATETIME>20070720150035
ACCESSION NUMBER:		0000892569-07-000942
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20070717
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070720
DATE AS OF CHANGE:		20070720

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FULL HOUSE RESORTS INC
		CENTRAL INDEX KEY:			0000891482
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
		IRS NUMBER:				133391527
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32583
		FILM NUMBER:		07991373

	BUSINESS ADDRESS:	
		STREET 1:		4670 S. FORT APACHE ROAD
		STREET 2:		SUITE 190
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89147
		BUSINESS PHONE:		7022217800

	MAIL ADDRESS:	
		STREET 1:		4670 S. FORT APACHE ROAD
		STREET 2:		SUITE 190
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89147
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a32068e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e8vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV><BR>
FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(d) OF<BR>
THE SECURITIES EXCHANGE ACT OF 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Date of Report (Date of earliest event reported): July&nbsp;17, 2007</B></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>FULL HOUSE RESORTS, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Delaware
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">1-32583
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">13-3391527</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction of <BR>
incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer<BR>
Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">4670 S. Fort Apache Road, Suite&nbsp;190<BR>
Las Vegas, Nevada
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">89147</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Registrant&#146;s telephone number, including area code: 702-221-7800
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV> (Former name or former address, if changed since last report)</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD></TD><TD colspan="8"><A HREF="#000">Item&nbsp;5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">Item&nbsp;9.01 Financial Statements and Exhibits.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="a32068exv10w1.htm">EXHIBIT 10.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="a32068exv10w2.htm">EXHIBIT 10.2</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>





<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SECTION 5 &#151; Corporate Governance and Management</B>
</DIV>

<!-- link2 "Item&nbsp;5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers." -->
<DIV align="left"><A NAME="000"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 60px; text-indent:-60px"><B>Item&nbsp;5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Chief Executive Officer Employment Agreement</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As previously reported, on April&nbsp;20, 2007, Full House Resorts, Inc. (the &#147;Company&#148;) entered into an
employment agreement with Andre Hilliou, the Company&#146;s Chief Executive Officer. On July&nbsp;17, 2007,
the Company and Mr.&nbsp;Hilliou amended the agreement to provide that, effective June&nbsp;1, 2007, Mr.
Hilliou will receive an annual base salary of $250,000. In addition, Mr.&nbsp;Hilliou will be eligible
for an annual bonus of up to 200% of annual salary, subject to the achievement of pre-defined
annual performance objectives established by the Company&#146;s compensation committee. In the event of
death or termination due to illness or incapacity the Company shall pay Mr.&nbsp;Hilliou, or his estate
as applicable, his base salary to the date of termination or death, which shall be no less than two
years. The amended agreement has a two year term that is automatically renewed for successive
periods of two years unless the Company or Mr.&nbsp;Hilliou elect otherwise or unless the amended
agreement is otherwise terminated.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The foregoing description of the amended agreement is qualified in its entirety by the full text of
the amended agreement, which is attached hereto as Exhibit&nbsp;10.1 and is incorporated herein by
reference.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Chief Financial Officer Employment Agreement</I></B><BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Also as previously reported, on April&nbsp;20, 2007, Full House Resorts, Inc. (the &#147;Company&#148;) entered
into an employment agreement with Mark Miller, the Company&#146;s Chief Financial Officer. On July&nbsp;17,
2007, the Company and Mr.&nbsp;Miller amended the agreement to provide that Mr.&nbsp;Miller is guaranteed a
cash bonus equal to 50% of his annual base salary for the first year of employment, payable at the
end of his first year of service, and at least four weeks of vacation each year. In the event of
death or termination due to illness or incapacity the Company shall pay Mr.&nbsp;Miller, or his estate
as applicable, his base salary to the date of termination or death, which shall be no less than one
year. If the Company terminates Mr.&nbsp;Miller&#146;s employment without cause, in addition to any other
entitlements under the agreement, the Company will pay Mr.&nbsp;Miller his base salary for a period of
one year and an annual bonus equal to the average of Mr.&nbsp;Miller&#146;s annual bonuses from the previous
three years. Mr.&nbsp;Miller is entitled to the same three year average bonus payment in the event of a
change of control. Upon termination without cause or a change of control the average of any
executive bonus plan operable for less than three years will be calculated using the number of
years such plan has been in effect. Mr.&nbsp;Miller is also entitled to a relocation allowance of up to
$20,000 in temporary housing and moving expenses.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The foregoing description of the amended agreement is qualified in its entirety by the full text of
the amended agreement, which is attached hereto as Exhibit&nbsp;10.2 and is incorporated herein by
reference.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">






<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SECTION 9 &#151; Financial Statements and Exhibits</B>
</DIV>

<!-- link2 "Item&nbsp;9.01 Financial Statements and Exhibits." -->
<DIV align="left"><A NAME="001"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>
</DIV>



<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Exhibits</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">10.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Employment Agreement between Andre Hilliou and Full House Resorts, Inc.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">10.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Employment Agreement between Mark J. Miller and Full House Resorts, Inc.</TD>
</TR>

</TABLE>
</DIV>
<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="002"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>Full House Resorts, Inc.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: July 20, 2007&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Barth F. Aaron
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Barth F. Aaron&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Secretary/General Counsel&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>
<!-- link1 "EXHIBIT INDEX" -->
<DIV align="left"><A NAME="003"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="80%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;No.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Employment Agreement between Andre Hilliou and Full House Resorts, Inc</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Employment Agreement between Mark J. Miller and Full House Resorts, Inc.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a32068exv10w1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv10w1</TITLE>
</HEAD>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;10.1
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">EMPLOYMENT AGREEMENT
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This <B>Employment Agreement </B>(&#147;Agreement&#148;) is made and effective this 17th day of July, 2007 (the &#147;
<B>Effective Date</B>&#148;) by and between <B>Full House Resorts, Inc</B>. a Delaware corporation the &#147;Company&#148;, and
Andre Hilliou (&#147;<B>Executive</B>&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In consideration of the premises and of the covenants and agreements herein contained, the
parties agree as follows:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>1. </I></B><U><B><I>Employment Services.</I></B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Employer hereby employs Executive, and Executive hereby accepts employment as Chief Executive
Officer of the Company, reporting to the Board of Directors of the Company, all upon and subject to
the terms and conditions herein set forth. For purposes of this Agreement, the term &#147;Company&#148; will
be deemed to mean the Company and its subsidiaries or affiliates.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>2. </I></B><U><B><I>Duties.</I></B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During the term of his employment, Executive will devote his full-time best efforts and loyalty to
this employment and lawfully perform duties as described in Appendix&nbsp;A and such other duties as are
reasonably assigned or delegated to him by the Board of Directors consistent with his best
abilities and position hereunder. In construing the provisions of this Agreement, &#147;Employer&#148; will
include all of Employer&#146;s subsidiary, parent and affiliated corporations and entities. While it is
understood and agreed that Executive&#146;s job duties may change at the Board of Directors&#146; discretion
during the Term defined below of this Agreement, his general level of responsibility will not be
materially reduced.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>3. </I></B><U><B><I>Term</I></B></U><B><I>.</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The term of this Agreement the &#147;<B>Term</B>&#148;) will begin on the Effective Date stated above and will
continue for a two (2)&nbsp;year term. The Term will automatically renew for successive periods of two
years each, an &#147;Extended Term&#148;, unless the Company or the Executive gives written notice to the
other at least ninety 90&nbsp;days prior to the end of the then current Term that this Agreement will
not be further extended. For purposes of this agreement, &#147;Term&#148; will hereafter include any Extended
Term. Otherwise, this Agreement may be terminated as provided in Paragraphs 8 and 9 below.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>4. </I></B><U><B><I>Compensation.</I></B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;In consideration of the services to be rendered by Executive hereunder, the Company agrees
to pay to Executive the sum described in Appendix&nbsp;A annually (the &#147;<B>Base Salary</B>&#148;), pro-rated for the
period beginning June&nbsp;1, 2007 and ending on December&nbsp;31, 2008 thereafter, the Base Salary will be
increased at the discretion of the Board of Directors beginning each January1st of the Term. All
Base Salary will be paid in accordance with the regular payroll practices of the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;The Executive will also be entitled to receive annual cash bonuses of up to 200% of Base
Salary (the &#147;<B>Annual Bonus</B>&#148;), provided the Compensation Committee of the Board of
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Directors in its discretion determines that the Executive has met the pre-defined annual
Performance Objectives and assigned management duties The Annual Bonus will be paid in accordance
with plan documents. Each year&#146;s annual Performance Objectives will be set and approved by the
Board of Directors within 90&nbsp;days of fiscal year beginning.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;Pursuant to the terms of Resolution of the Company dated December&nbsp;15, 2005, and upon
shareholder approval of the Company&#146;s &#147;2006 Long-Term Incentive Compensation Plan (&#147;<B>L-T Incentive
Plan</B>&#148;), which Incentive Plan was approved by a majority of Company shareholders no later than June
1, 2006, Executive will receive a restricted stock grant of a number of shares described in
Appendix&nbsp;A, or as approved by the Board of Directors. The Shares will vest in four equal
installments of twenty-five percent (25%) each of which will vest on May&nbsp;31, 2006 and thereafter on
January&nbsp;6, of 2007, 2008 and 2009 respectively.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">1. Forfeiture of Shares. To the extent not inconsistent with any mandatory provisions of the
Incentive Plan, any unvested Shares will be forfeited if Company terminates Executive during
the Term For Cause (Paragraph&nbsp;9(A)) or if Executive terminates his employment during the
Term Without Good Reason (Paragraph&nbsp;9(D)).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">2. Additional Shares. Executive will be considered by the Company for additional awards of
stock- based incentive compensation, which determination will be by the Compensation
Committee&#146;s subject to Board of Directors approval and pursuant to the Incentive Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>5. </I></B><U><B><I>Benefits.</I></B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;Executive will receive paid vacation annually, all of which will be in accordance with the
Full House Resorts Inc. Vacation Policy.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;Executive will be entitled to participate in all other employment benefits, including but
not limited to death and retirement plans, group insurance programs for medical, hospitalization,
life, and long term disability, afforded in general to all employees, or to senior executives of
the Company of comparable status and tenure.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;Throughout the Term, or any extensions thereof, the Company will maintain in full force and
effect a policy of term insurance on the life of Executive in an amount determined by the Company,
but no less than equal to 2&nbsp;year&#146;s base compensation, subject to insurability. Executive will
promptly advise the Company of his designated beneficiaries of such policy. Upon termination of
Executive&#146;s employment, and to the extent permitted under the policy, Executive will have the right
to transfer such policy to his own name as provided in Paragraph&nbsp;9(G).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D.&nbsp;Nothing in this Agreement shall prevent or limit the Executive&#146;s continuing or future
participation in any plan, program, policy or practice provided by the Company or any of its
affiliated companies for which the Executive may qualify.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E.&nbsp;Existing benefit plans are included in Appendix&nbsp;A.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>6. </I></B><U><B><I>Reimbursable Expenses.</I></B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company will pay all reasonable expenses incurred by Executive in the performance of his
responsibilities and duties for the Company. Executive will submit to the Company periodic
</DIV>
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</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">statements- but no less than every 60&nbsp;days, of all expenses so incurred in accordance with the
Company&#146;s accounting policies. Subject to such audits as the Company may deem appropriate the
Company will, promptly and in the ordinary course, reimburse Executive the full amount of any such
business expenses advanced by Executive. Company will pay directly all costs of Executive&#146;s
regulatory licensings as required by any jurisdiction in which the Company conducts business.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>7. </I></B><U><B><I>Limitation on Outside Business Activities.</I></B></U> During the Term of the employment hereunder,
without the prior consent of the board of directors, Executive will not:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;Render services of a business, professional or commercial nature to any other person or
entity, directly or indirectly, whether for compensation or otherwise, except that this prohibition
will not be construed to prevent Executive from engaging in charitable activities or investing his
assets in such form or manner as will not require his services in the operation of the affairs of
the companies in which such investments are made and which are not in violation of Paragraph&nbsp;7(B)
below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;Engage in any activity competitive with or adverse to the welfare of business or related
interests of the Company or any of its subsidiaries or affiliates, whether alone, as a partner,
officer, director, employee or shareholder of any other corporation or other entity, or otherwise,
directly or indirectly, except that the ownership of not more than one percent of the stock of any
one or more publicly traded corporations will not be deemed a violation of this Paragraph&nbsp;7(B)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;Be engaged by any person or entity which conducts business with or acts as a consultant or
advisor to the Company or any of its subsidiaries or affiliates, whether alone, as a partner,
officer, director, employee or shareholder of any other corporation or entity, or otherwise,
directly or indirectly, except that ownership of not more than one percent of the stock of any one
or more publicly traded corporations will not be deemed a violation of this Paragraph&nbsp;7(C).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>8. </I></B><U><B><I>Illness, Incapacity or Death During Employment.</I></B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;<U>Illness or Incapacity</U> If Executive is incapacitated by reason of physical or
mental illness or incapacity that results in a material inability to perform his duties under this
Agreement, and if such incapacitation continues for a period of ninety 90 consecutive days, then
upon 30&nbsp;days written notice to Executive, or designated legal representative, the Company may
terminate the employment of Executive under this Agreement, and upon such termination, Company will
pay Executive the following:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(1)&nbsp;His Base Salary to the date of termination, which shall be no less than two years.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(2)&nbsp;An amount equal to his prior year&#146;s Annual Bonus on a pro-rata basis to the date of
termination, subject to limitations and terms of Paragraph&nbsp;4(B).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(3)&nbsp;Reimbursement of all expenses reasonably incurred by Executive in performing his
responsibilities and duties for the Company prior to the date of termination
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(4)&nbsp;Applicable insurance and other group benefits proceeds
</DIV>

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</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(5)&nbsp;Value of any salary continuation received whether in lump sum or periodically under any
Company Long Term Disability Plan or any other applicable insurance or other group benefits
provided by the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;<U>Death.</U> In the event of Executive&#146;s death, this Agreement will automatically
terminate and Company will pay to the Executive&#146;s estate the following:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(1)&nbsp;His Base Salary to the date of death, which shall be no less than two years.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(2)&nbsp;An amount equal to his prior year&#146;s Annual Bonus on a pro-rata basis to the date of
death, subject to limitations and terms of Paragraph&nbsp;4(B)
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(3)&nbsp;Reimbursement of all expenses reasonably incurred by Executive in performing his
responsibilities and duties for the Company prior to his death
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>9. </I></B><U><B><I>Termination by Company or by Executive.</I></B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;<U>For Cause by the Company.</U> Subject to Paragraph&nbsp;14, the employment of Executive
under this Agreement may be terminated by the Company For Cause upon thirty 30&nbsp;days written notice
to Executive from the Chief Executive Officer, or in the case of the Chief Executive Officer from
the Chairman of the Board of Directors. If the Company properly terminates Executive&#146;s employment
hereunder for Cause, it will be without further liability to Executive except for payment of all
Base Salary and benefits accrued but unpaid to the date of such termination. For purposes of this
Agreement, the term <B>&#147;For Cause</B>&#148; means:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(1)&nbsp;Executive&#146;s material fraud, dishonesty, willful misconduct, or willful and continuing
failure in the performance of his duties under this Agreement
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(2)&nbsp;Executive&#146;s breach of any material provision of this Agreement which has not been cured
within 30&nbsp;days following the notice thereof
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(3)&nbsp;The commission by Executive of any felony criminal act or the commission of any crime
involving fraud, dishonesty or moral corruptness, including denial or removal of Executive&#146;s
licensing from any governmental gaming agency or licensing authority.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Provided however, that any action or inaction that results from Executive&#146;s corporate conduct taken
in furtherance of the direction of the Board of Directors or his superiors in the Company will not
constitute &#147;Cause&#148; hereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;<U>Without Cause by the Company</U>. The employment of Executive under this Agreement may
be terminated by the Company without cause at any time upon thirty 30&nbsp;days&#146; written notice to
Executive. In such event, and in addition to any other entitlements under this Agreement, the
Company will pay the Executive the following:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(1)&nbsp;His Base Salary in accordance with the regular payroll practices of the Company for a
period of six months, with an additional month for every year of full employment up to a
maximum of twelve months
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(2)&nbsp;An Annual Bonus for the year of termination equal to the average Annual Bonus of
previous 2&nbsp;years in accordance with plan documents, prorated on an annual basis from the
last Annual Bonus received by Executive, subject to a minimum of 100%
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(3)&nbsp;Company will continue, at its expense, Executive&#146;s health, dental and other insurance
benefits for the remaining portion of the otherwise applicable Term or until Executive is
subsequently employed, whichever is less and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;<U>Termination by Executive For Good Reason</U>. Subject to Paragraph&nbsp;14, the Executive
may terminate his employment under this Agreement For Good Reason and the Company&#146;s liability to
Executive will be to pay the Executive in accordance with Paragraph&nbsp;9(B)(1&#151;3), as though Executive
had been terminated Without Cause. &#147;<B>For Good Reason</B>&#148; means:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(1)&nbsp;A failure by the Company to comply with any material provision of this Agreement which
has not been cured within 30&nbsp;days following the notice thereof
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(2)&nbsp;Company&#146;s direction to Executive to do, perform, or omit to perform any act, or
Executive&#146;s knowledge of such acts or omissions performed by other Company employees without
appropriate redress, which acts or omissions are known to be fraudulent, illegal or could
otherwise materially impact negatively upon Executive&#146;s personal and professional
reputation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D.&nbsp;<U>Termination by Executive Without Good Reason</U>. If the Executive terminates his
employment hereunder Without Good Reason, with a minimum notice of 30&nbsp;days, Executive will receive
from the Company only his Base Salary, benefits and reimbursable expenses that have accrued but
remain unpaid to the date of such termination, and any earned , but unpaid, Annual Bonus declared
by the Board.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E.&nbsp;<U>Non-Renewal</U>. A non-renewal of the Term under Paragraph&nbsp;2 is not a &#147;termination&#148;
under Paragraph&nbsp;9 (A)&#151;9(D).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F.&nbsp;<U>Group Insurance Policies</U> In the event of termination of this Agreement for any
reason, Executive will have the right to convert any or all of the Company&#146;s group insurance
policies or plans to individual policies to the extent that such policies or plans permit
assignment from the group to the individual Executive, and provided Executive thereafter assumes
the payment of all related financial obligations from the date of such termination.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>10. </I></B><U><B><I>Confidential Information.</I></B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Executive agrees that he will not, during the Term or thereafter: disclose, divulge, discuss, copy
or otherwise use or suffer to be used in any manner, the proprietary and confidential plans,
inventions, ideas, discoveries, marketing methods, marketing research, customer lists, product
research or other data of the Company not otherwise available to the public or to Executive
independent of his employment collectively, &#147;Confidential Information&#148;. It is acknowledged by
Executive that all such Confidential Information compiled, obtained by, or furnished to Executive
while he is employed by the Company is confidential and proprietary information which is the
exclusive property of the Company provided, however, that if at any time following the termination
of this Agreement, any Confidential Information will become part of the public domain through no
fault of Executive, then the restrictions and limitations of this Paragraph will not apply to such
particular information.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>11. </I></B><U><B><I>Non-Competition</I></B></U><B><I>.</I></B>
</DIV>


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</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;Executive agrees that, for the time periods specified in 11 B below, he will not, directly
or indirectly, do any of the following:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(1)&nbsp;Own, manage, control, or participate in the ownership, management or control of, or be
employed or engaged by, or otherwise affiliated or associated with, as a consultant,
independent contractor or otherwise, any other corporation, partnership, proprietorship,
firm, association or other business entity, or otherwise engage in any business that is
competitive with any business or enterprise in which the Company is engaged at the time
Executive&#146;s employment ceases including, without limitation, any gaming venture, Indian
gaming or river boat gaming facility located within 100 miles of any metropolitan area in
which there is located any gaming facility owned, managed or under development to be owned
or managed by the Company, including such gaming facilities not under development which the
Company is pursuing, as determined by the date Executive ceases to be employed hereunder or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(2)&nbsp;Solicit or induce any person who is an employee, officer, consultant or agent of the
Company or of any subsidiary or affiliate of the Company, to terminate such relationship.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;The provisions of this Paragraph&nbsp;11 will be operative throughout the Term. Upon termination
under Paragraphs 8 and 9 or upon a Change of Control under Paragraph&nbsp;12, the provisions of this
Paragraph&nbsp;11 will be operative for the period during which Executive continues to receive
compensation or benefits, or for a period of twelve months, whichever is later
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>12. </I></B><U><B><I>Change of Control.</I></B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;<U>Defined.</U> For the purpose of this Agreement, a &#147;<B>Change of Control</B>&#148; will mean:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(1)&nbsp;The acquisition by any person, entity or &#147;group&#148;, within the meaning of Section 13(d)
(3)&nbsp;or 14(d) (2)&nbsp;of the Securities Exchange Act of 1934 (the &#147;<B>Exchange Act</B>&#148;) excluding, for
this purpose: (a)&nbsp;the Company or its subsidiaries or (b)&nbsp;any employee benefit plan of the
Company or its subsidiaries which acquires beneficial ownership of voting securities of the
Company, of beneficial ownership, within the meaning of Rule&nbsp;13d-3 promulgated under the
Exchange Act of 50% or more of either the then outstanding shares of common stock or the
combined voting power of the Company&#146;s then outstanding voting securities or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(2)&nbsp;Individuals who, as of the date of this Agreement, constitute the Board (the &#147;<B>Incumbent
Board</B>&#148;) cease for any reason to constitute at least a majority of the Board, provided that
any person becoming a director subsequent to the date of this Agreement whose election or
nomination for election by the Company&#146;s shareholders was approved by a vote of at least a
majority of the directors then comprising the Incumbent Board other than an election or
nomination of an individual whose initial assumption of office is in connection with an
actual or threatened election contest relating to the election of the Directors of the
Company, as such terms are used in Rule&nbsp;14 a-11of Regulation&nbsp;14A promulgated under the
Exchange Act will be, for purposes of this Agreement, considered as though such person were
a member of the Incumbent Board or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(3)&nbsp;Approval by the stockholders of the Company of:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">(a)&nbsp;A reorganization, merger, consolidation or acquisition a &#147;<B>Business</B>
</DIV>

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</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%"><B>Combination</B>&#148;, with respect to which: (i)&nbsp;those persons who were the stockholders of
the Company immediately prior to such Business Combination do not, immediately
thereafter, beneficially own more than 50% of the combined voting power of the then
outstanding voting securities of the combined business&#146; then outstanding voting
securities in substantially the same proportions as their ownership immediately
prior to such Business Combination and (ii)&nbsp;at least a majority of the Incumbent
Board comprises a majority of the new Board of Directors of the combined business or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">(b)&nbsp;A liquidation or dissolution of the Company or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">(c)&nbsp;The sale of all or substantially all of the assets of the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;<U>Right of Executive to Terminate </U>. Upon a Change of Control, Executive may terminate
this Agreement only if it materially affects Executive&#146;s position and compensation herein.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;<U>Compensation</U> Upon a Change of Control, and whereby the Executive elects to
terminate his employment as provided in Paragraph&nbsp;12(B) above, or is not retained under contract by
the surviving entity, the Company will pay the Executive as follows:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(1)&nbsp;A lump sum cash payment of the remaining Base Salary due under this Agreement, however
no less than two year&#146;s Base Salary at time of termination
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(2)&nbsp;A lump sum cash payment equal the average of the Annual Bonuses, if any, paid to the
Executive for the three prior years computed by adding the three prior year bonuses and
dividing by three or average based on term of employment if less than three years of service
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(3)&nbsp;All unvested Shares or other stock-based grants awarded pursuant to the Incentive Plan
or other Company benefit plan will accelerate and vest upon the date of Change of Control.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>13. </I></B><U><B><I>Arbitration.</I></B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company and the Executive mutually consent to the resolution of all claims, controversies or
disputes under this Agreement, other than a claim which is primarily for injunctive or other
equitable relief, by binding arbitration, in accordance with the Nevada Uniform Arbitration Act.
The determination of the arbitrator will be binding. The Company will pay the fees and costs of the
arbitrator and all other reasonable direct costs in connection with any arbitration, excluding any
legal representation retained by Executive.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>14. </I></B><U><B><I>Right to Cure</I></B></U><B><I>.</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Each party agrees to give the other written notice identifying with specificity any action taken
which the notifying party believes to be a material violation of this Agreement, and to give the
breaching party a minimum of thirty 30&nbsp;days thereafter to cure such breach prior to the notifying
party commencing adverse action, terminating this Agreement, or initiating equitable relief or
arbitration.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>15. </I></B><U><B><I>Miscellaneous.</I></B></U>
</DIV>


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</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;<U>Laws.</U> This Agreement will be governed by, and construed in accordance with, the
laws of the State of Nevada, without reference to principles of conflict of laws, and the parties
agree that the courts of appropriate jurisdiction located in Clark County, Nevada will be the forum
for disputes brought hereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;<U>Interpretation.</U> The invalidity or unenforceability of any provision of this
Agreement will not affect the validity or enforceability of any other provision of this Agreement.
If any provision of this Agreement will be held invalid or unenforceable in part, the remaining
portion of such provision, together with all other provisions of this Agreement, will remain valid
and enforceable and continue in full force and effect to the fullest extent consistent with law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;<U>Taxes.</U> Notwithstanding any other provision of this Agreement, the Company may
withhold from amounts payable under this Agreement all federal, state, local and foreign taxes that
are required to be withheld by applicable laws or regulations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D.&nbsp;<U>Strict Compliance.</U> The Executive&#146;s or the Company&#146;s failure to insist upon strict
compliance with any provision of, or to assert any right under this Agreement including, without
limitation, the right of the Executive to terminate employment for Good Reason pursuant to
Paragraph&nbsp;5 of this Agreement will not be deemed to be a waiver of such provision or right or of
any other provision of or right under this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E.&nbsp;<U>Counterparts.</U> This Agreement may be executed in several counterparts, each of which
will be deemed original, and said counterparts will constitute but one and the same instrument.
Facsimile signatures will be deemed original signatures.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F.&nbsp;<U>Survival </U>. The respective rights and obligations of the parties hereunder will
survive any termination of the Executive&#146;s employment or arrangements to the extent necessary to
the intended preservation of such rights and obligations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G.&nbsp;<U>Beneficiaries</U> The Executive will be entitled, to the extent permitted under any
applicable law, to select and change a beneficiary or beneficiaries to receive any compensation or
benefit payable hereunder following the Executive&#146;s death by giving the Company written notice
thereof. In the event of the Executive&#146;s death or a judicial determination of his incompetence,
references in this Agreement to the Executive will be deemed, where appropriate, to refer to his
beneficiary, estate or other legal representative.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H.&nbsp;<U>Notices.</U> All notices and other communications under this Agreement will be in
writing and will be given by hand to the other party or by registered or certified mail, return
receipt requested, postage prepaid, addressed as follows, or to such other address as either party
furnishes to the other in writing in accordance with this Paragraph. Notices and communications
will be effective when actually received by the addressee:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><I>To the Executive:</I></U><BR>
Trillium Hills Farm<BR>
185 Trillium Hills Way<BR>
Fincastle, VA 24090

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><I>To the Company:</I></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Full House Resorts, Inc.

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->8<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">4670 South Fort Apache Road Suite&nbsp;<BR>190 Las
Vegas, Nevada 89147<BR>
Attn: General Counsel

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I.&nbsp;<U>Severability.</U> The provisions of this Agreement are severable, and if any one or
more provisions is determined to be illegal or otherwise unenforceable, in whole or in part, the
remaining provisions, and any partially unenforceable provision to the extent enforceable, will
nevertheless be binding and enforceable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J.&nbsp;<U>Binding Agreement</U>. The rights and obligations of the Company and Executive under
this Agreement will be binding upon and inure to the benefit of, and be enforceable by and against,
the parties hereto and their respective heirs, personal representations, and successors and
assigns.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K.&nbsp;<U>Waiver.</U> Either party&#146;s failure to enforce any provisions of this Agreement will not
in any way be construed as a waiver of any such provisions as to any future violations thereof, nor
prevent that party thereafter from enforcing each and every other provision of this Agreement. The
rights granted the parties herein are cumulative, and the waiver by a party of any single remedy
will not constitute a waiver of such party&#146;s right to assert all other legal remedies available to
his or it under the circumstances.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;L.&nbsp;<U>Successors</U>. This Agreement shall inure to the benefit of and be binding upon the
Company and its successors and assigns provided however, that this Agreement is for personal
services and is not assignable by Executive.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;M.&nbsp;<U>Entire Agreement</U>. This Agreement constitutes the entire agreement between the
Company and Executive with respect to the subject matter hereof, and may not be modified or
terminated orally. No modification, termination or attempted waiver of this Agreement will be valid
unless in writing and signed by the party against whom the same is sought to be enforced.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>IN WITNESS WHEREOF</B>, the Executive and the Company, pursuant to the authorization of its Board of
Directors, have caused this Agreement to be executed on the date first above written.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" align="left">Company:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Executive:</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left"><B>Full House Resorts, Inc</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">By:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Carl G. Braunlich</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Andre M. Hilliou</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">Chairman, Compensation Committee</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Andre Hilliou</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
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</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXECUTIVE EMPLOYMENT<BR>
APPENDIX &#147;A&#148;</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
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<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Executive Name: Andre Hilliou</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Position: Chief Executive Officer</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>BASE SALARY: $250,000 as of June&nbsp;1, 2007</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Annually, paid in equal installments twice per month</B></TD>
</TR>
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</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ANNUAL INCENTIVE</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>COMPENSATION (BONUS): 200% of base compensation subject to annual objectives established by
the compensation committee as part of the business plan</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>STOCK COMPENSATION: 275,000 Shares of Restricted Stock which were granted May&nbsp;31, 2006 and which
vest one-quarter on May&nbsp;31, 2006 and one-quarter annually thereafter on January&nbsp;6, 2007, 2008 and
2009 respectively.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>BENEFITS:</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Medical insurance for employee in accordance with company plan as in affect from time to time</B>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->10<!-- /Folio -->
</DIV>


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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>a32068exv10w2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<TITLE>exv10w2</TITLE>
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;10.2
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">EMPLOYMENT AGREEMENT
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This <B>Employment Agreement </B>(&#147;Agreement&#148;) is made and effective this 17th day of July, 2007 (the &#147;
<B>Effective Date&#148;) </B>by and between <B>Full House Resorts, Inc. </B>a Delaware corporation the &#147;Company&#148;, and
Mark J. Miller <B>(&#147;Executive&#148;).</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In consideration of the premises and of the covenants and agreements herein contained, the
parties agree as follows:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>1. </I></B><U><B><I>Employment Services.</I></B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Employer hereby employs Executive, and Executive hereby accepts employment as Senior Vice President
and Chief Financial Officer of the Company, reporting to the Board of Directors of the Company, all
upon and subject to the terms and conditions herein set forth. For purposes of this Agreement, the
term &#147;Company&#148; will be deemed to mean the Company and its subsidiaries or affiliates.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>2, </I></B><U><B><I>Duties.</I></B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During the term of his employment, Executive will devote his full-time best efforts and loyalty to
this employment and lawfully perform duties as described in Appendix&nbsp;A and such other duties as are
reasonably assigned or delegated to him by the Board of Directors consistent with his best
abilities and position hereunder. In construing the provisions of this Agreement, &#147;Employer&#148; will
include all of Employer&#146;s subsidiary, parent and affiliated corporations and entities. While it is
understood and agreed that Executive&#146;s job duties may change at the Board of Directors&#146; discretion
during the Term defined below of this Agreement, his general level of responsibility will not be
materially reduced.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>3. </I></B><U><B><I>Term.</I></B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The term of this Agreement the <B>&#147;Term&#148;) </B>will begin on the Effective Date stated above and will
continue for a one year term. The Term will automatically renew for successive periods of one year
each, an &#147;Extended Term&#148;, unless the Company or the Executive gives written notice to the other at
least ninety 90&nbsp;days prior to the end of the then current Term that this Agreement will not be
further extended. For purposes of this agreement, &#147;Term&#148; will hereafter include any Extended Term.
Otherwise, this Agreement may be terminated as provided in Paragraphs 8 and 9 below.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>4. </I></B><U><B><I>Compensation.</I></B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;In consideration of the services to be rendered by Executive hereunder, the Company agrees
to pay to Executive the sum described in Appendix&nbsp;A annually (the <B>&#147;Base Salary&#148;), </B>pro-rated for the
period beginning upon the Effective Date and ending on December&nbsp;31, 2007 thereafter, the Base
Salary will be increased at the discretion of the Board of Directors beginning each January1st of
the Term. All Base Salary will be paid in accordance with the regular payroll practices of the
Company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 0%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. The Executive will also be entitled to receive annual cash bonuses of up to 100% of Base
Salary (the <B>&#147;Annual Bonus&#148;), </B>provided the Compensation Committee <I>of </I>the Board <I>of </I>Directors in
its discretion determines that the Executive has met the pre-defined annual Performance
Objectives and assigned management duties and provided, however, that a cash bonus of 50% of
Base Salary shall be guaranteed for the first year of employment payable at the
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 0%">end of the first year of service. The Annual Bonus will be paid in accordance with plan
documents. Each year&#146;s annual Performance Objectives will be set and approved by the Board of
Directors within 90&nbsp;days of fiscal year beginning.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;Pursuant to the terms of Resolution of the Company dated December&nbsp;15, 2005, and upon
shareholder approval of the Company&#146;s &#147;2006 Long-Term Incentive Compensation Plan (<B>&#147;L-T Incentive
Plan&#148;), </B>which Incentive Plan was approved by a majority of Company shareholders no later than June
1, 2006, Executive will receive a restricted stock grant of a number of shares described in
Appendix&nbsp;A, or as approved by the Board of Directors. The Shares will vest in three equal
installments of thirty-three percent (33%) each of which will vest on the annual anniversary of the
grant date.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">1. Forfeiture of Shares. To the extent not inconsistent with any mandatory provisions of
the Incentive Plan, any unvested Shares will be forfeited if Company terminates Executive
during the Term For Cause (Paragraph&nbsp;9(A)) or if Executive terminates his employment during
the Term Without Good Reason (Paragraph&nbsp;9(D)).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">2. Additional Shares. Executive will be considered by the Company for additional awards of
stock- based incentive compensation, which determination will be by the Compensation
Committee&#146;s subject to Board of Directors approval and pursuant to the Incentive Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>5. </I></B><U><B><I>Benefits.</I></B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;Executive will receive paid vacation annually, all of which will be in accordance with the
Full House Resorts Inc. Vacation Policy, provided that Executive shall be eligible for no less than
four (4)&nbsp;weeks vacation each year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;Executive will be entitled to participate in all other employment benefits, including but
not limited to death and retirement plans, group insurance programs for medical, hospitalization,
life, and long term disability, afforded in general to all employees, or to senior executives of
the Company of comparable status and tenure.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;Throughout the Term, or any extensions thereof, the Company will maintain in full force
and effect a policy of term insurance on the life of Executive in an amount determined by the
Company, but no less than equal to 2&nbsp;year&#146;s base compensation, subject to insurability. Executive
will promptly advise the Company of his designated beneficiaries of such policy. Upon termination
of Executive&#146;s employment, and to the extent permitted under the policy, Executive will have the
right to transfer such policy to his own name as provided in Paragraph&nbsp;9(G).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D.&nbsp;Nothing in this Agreement shall prevent or limit the Executive&#146;s continuing or future
participation in any plan, program, policy or practice provided by the Company or any of its
affiliated companies for which the Executive may qualify.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E.&nbsp;Existing benefit plans are included in Appendix&nbsp;A.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>6. </I></B><U><B><I>Reimbursable Expenses.</I></B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company will pay all reasonable expenses incurred by Executive in the performance of his
responsibilities and duties for the Company. Executive will submit to the Company periodic
statements- but no less than every 60&nbsp;days, of all expenses so incurred in accordance with the
Company&#146;s accounting policies. Subject to such audits as the Company may deem appropriate
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">the Company will, promptly and in the ordinary course, reimburse Executive the full amount of any
such business expenses advanced by Executive. Company will pay directly all costs of Executive&#146;s
regulatory licensings as required by any jurisdiction in which the Company conducts business.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>7. </I></B><U><B><I>Limitation on Outside Business Activities.</I></B></U> During the Term of the employment hereunder,
without the prior consent of the board of directors, Executive will not:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;Render services of a business, professional or commercial nature to any other person or
entity, directly or indirectly, whether for compensation or otherwise, except that this
prohibition will not be construed to prevent Executive from engaging in charitable activities or
investing his assets in such form or manner as will not require his services in the operation of
the affairs of the companies in which such investments are made and which are not in violation of
Paragraph&nbsp;7(B) below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;Engage in any activity competitive with or adverse to the welfare of business or related
interests of the Company or any of its subsidiaries or affiliates, whether alone, as a partner,
officer, director, employee or shareholder of any other corporation or other entity, or otherwise,
directly or indirectly, except that the ownership of not more than one percent of the stock of any
one or more publicly traded corporations will not be deemed a violation of this Paragraph&nbsp;7(B)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;Be engaged by any person or entity which conducts business with or acts as a consultant or
advisor to the Company or any of its subsidiaries or affiliates, whether alone, as a partner,
officer, director, employee or shareholder of any other corporation or entity, or otherwise,
directly or indirectly, except that ownership of not more than one percent of the stock of any one
or more publicly traded corporations will not be deemed a violation of this Paragraph&nbsp;7(C).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>8. </I></B><U><B><I>Illness, Incapacity or Death During Employment.</I></B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;<U>Illness or Incapacity</U> If Executive is incapacitated by reason of physical or
mental illness or incapacity that results in a material inability to perform his duties under this
Agreement, and if such incapacitation continues for a period of ninety 90 consecutive days, then
upon 30&nbsp;days written notice to Executive, or designated legal representative, the Company may
terminate the employment of Executive under this Agreement, and upon such termination, Company
will pay Executive the following:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(1)&nbsp;His Base Salary to the date of termination, which shall be no less than one year.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(2)&nbsp;An amount equal to his prior year&#146;s Annual Bonus on a pro-rata basis to the date of
termination, subject to limitations and terms of Paragraph&nbsp;4(B).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(3)&nbsp;Reimbursement of all expenses reasonably incurred by Executive in performing his
responsibilities and duties for the Company prior to the date of termination
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(4)&nbsp;Applicable insurance and other group benefits proceeds
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(5)&nbsp;Value of any salary continuation received whether in lump sum or periodically under any
Company Long Term Disability Plan or any other applicable insurance or
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">other group benefits provided by the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;<U>Death.</U> In the event of Executive&#146;s death, this Agreement will automatically
terminate and Company will pay to the Executive&#146;s estate the following:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(1)&nbsp;His Base Salary to the date of death which shall be no less than one year.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(2)&nbsp;An amount equal to his prior year&#146;s Annual Bonus on a pro-rata basis to the date of
death, subject to limitations and terms of Paragraph&nbsp;4(B)
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(3)&nbsp;Reimbursement of all expenses reasonably incurred by Executive in performing his
responsibilities and duties for the Company prior to his death
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>9. </I></B><U><B><I>Termination by Company or b v Executive.</I></B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;<U>For Cause by the Company.</U> Subject to Paragraph&nbsp;14, the employment of Executive
under this Agreement may be terminated by the Company For Cause upon thirty 30&nbsp;days written notice
to Executive from the Chief Executive Officer, or in the case of the Chief Executive Officer from
the Chairman of the Board of Directors. If the Company properly terminates Executive&#146;s employment
hereunder for Cause, it will be without further liability to Executive except for payment of all
Base Salary and benefits accrued but unpaid to the date of such termination. For purposes of this
Agreement, the term <B>&#147;For Cause&#148; </B>means:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(1)&nbsp;Executive&#146;s material fraud, dishonesty, willful misconduct, or willful and continuing
failure in the performance of his duties under this Agreement
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(2)&nbsp;Executive&#146;s breach of any material provision of this Agreement which has not been cured
within 30&nbsp;days following the notice thereof
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(3)&nbsp;The commission by Executive of any felony criminal act or the commission of any crime
involving fraud, dishonesty or moral corruptness, including denial or removal of Executive&#146;s
licensing from any governmental gaming agency or licensing authority.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Provided however, that any action or inaction that results from Executive&#146;s corporate conduct taken
in furtherance of the direction of the Board of Directors or his superiors in the Company will not
constitute &#147;Cause&#148; hereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;<U>Without Cause by the Company.</U> The employment of Executive under this Agreement may
be terminated by the Company without cause at any time upon thirty 30&nbsp;days&#146; written notice to
Executive. In such event, and in addition to any other entitlements under this Agreement, the
Company will pay the Executive the following:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(1)&nbsp;His Base Salary in accordance with the regular payroll practices of the Company for a
period of one year,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(2)&nbsp;An Annual Bonus for the year of termination equal to the average Annual Bonus of
previous 3&nbsp;years in accordance with plan documents, prorated on an annual basis from the
last Annual Bonus received by Executive, subject to a minimum of 50%, provided that in the
event an executive bonus plan for which Executive has been eligible has been operable for
less than 3&nbsp;years, the average Annual Bonus shall be computed by the average for the number
of years the bonus plan has been in effect for the Executive.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(3)&nbsp;Company will continue, at its expense, Executive&#146;s health, dental and other insurance
benefits for the remaining portion of the otherwise applicable Term or until Executive is
subsequently employed, whichever is less and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;<U>Termination by Executive For Good Reason.</U> Subject to Paragraph&nbsp;14, the Executive
may terminate his employment under this Agreement For Good Reason and the Company&#146;s liability to
Executive will be to pay the Executive in accordance with Paragraph&nbsp;9(B)(1-3), as though Executive
had been terminated Without Cause. <B>&#147;For Good Reason&#148; </B>means:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(1)&nbsp;A failure by the Company to comply with any material provision of this Agreement which
has not been cured within 30&nbsp;days following the notice thereof
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(2)&nbsp;Company&#146;s direction to Executive to do, perform, or omit to perform any act, or
Executive&#146;s knowledge of such acts or omissions performed by other Company employees without
appropriate redress, which acts or omissions are known to be fraudulent, illegal or could
otherwise materially impact negatively upon Executive&#146;s personal and professional
reputation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D.&nbsp;<U>Termination by Executive Without Good Reason.</U> If the Executive terminates his
employment hereunder Without Good Reason, with a minimum notice of 30&nbsp;days, Executive will receive
from the Company only his Base Salary, benefits and reimbursable expenses that have accrued but
remain unpaid to the date of such termination, and any earned , but unpaid, Annual Bonus declared
by the Board.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E.&nbsp;<U>Non-Renewal.</U> A non-renewal of the Term under Paragraph&nbsp;2 is not a &#147;termination&#148;
under Paragraph&nbsp;9 (A)-9(D).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F.&nbsp;<U>Group Insurance Policies</U> In the event of termination of this Agreement for any
reason, Executive will have the right to convert any or all of the Company&#146;s group insurance
policies or plans to individual policies to the extent that such policies or plans permit
assignment from the group to the individual Executive, and provided Executive thereafter assumes
the payment of all related financial obligations from the date of such termination.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>10. </I></B><U><B><I>Confidential Information.</I></B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Executive agrees that he will not, during the Term or thereafter: disclose, divulge, discuss, copy
or otherwise use or suffer to be used in any manner, the proprietary and confidential plans,
inventions, ideas, discoveries, marketing methods, marketing research, customer lists, product
research or other data of the Company not otherwise available to the public or to Executive
independent of his employment collectively, &#147;Confidential Information&#148;. It is acknowledged by
Executive that all such Confidential Information compiled, obtained by, or furnished to Executive
while he is employed by the Company is confidential and proprietary information which is the
exclusive property of the Company provided, however, that if at any time following the termination
of this Agreement, any Confidential Information will become part of the public domain through no
fault of Executive, then the restrictions and limitations of this Paragraph will not apply to such
particular information.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>11. </I></B><U><B><I>Non-Competition.</I></B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;Executive agrees that, for the time periods specified in 11 B below, he will not,
directly or indirectly, do any of the following:
</DIV>

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</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(1)&nbsp;Own, manage, control, or participate in the ownership, management or control of, or be
employed or engaged by, or otherwise affiliated or associated with, as a consultant,
independent contractor or otherwise, any other corporation, partnership, proprietorship,
firm, association or other business entity, or otherwise engage in any business that is
competitive with any business or enterprise in which the Company is engaged at the time
Executive&#146;s employment ceases including, without limitation, any gaming venture, Indian
gaming or river boat gaming facility located within 100 miles of any metropolitan area in
which there is located any gaming facility owned, managed or under development to be owned
or managed by the Company, including such gaming facilities not under development which the
Company is pursuing, as determined by the date Executive ceases to be employed hereunder or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(2)&nbsp;Solicit or induce any person who is an employee, officer, consultant or agent of the
Company or of any subsidiary or affiliate of the Company, to terminate such relationship.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;The provisions of this Paragraph&nbsp;11 will be operative throughout the Term. Upon termination
under Paragraphs 8 and 9 or upon a Change of Control under Paragraph&nbsp;12, the provisions of this
Paragraph&nbsp;11 will be operative for the period during which Executive continues to receive
compensation or benefits, or for a period of twelve months, whichever is later
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>12. </I></B><U><B><I>Change of Control.</I></B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;<U>Defined.</U> For the purpose of this Agreement, a <B>&#147;Change of Control&#148; </B>will mean:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(1)&nbsp;The acquisition by any person, entity or &#147;group&#148;, within the meaning of Section 13(d)
(3)&nbsp;or 14(d) (2)&nbsp;of the Securities Exchange Act of 1934 (the <B>&#147;Exchange Act&#148;) </B>excluding, for
this purpose: (a)&nbsp;the Company or its subsidiaries or (b)&nbsp;any employee benefit plan of the
Company or its subsidiaries which acquires beneficial ownership of voting securities of the
Company, of beneficial ownership, within the meaning of Rule&nbsp;13d-3 promulgated under the
Exchange Act of 50% or more of either the then outstanding shares of common stock or the
combined voting power of the Company&#146;s then outstanding voting securities or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(2)&nbsp;Individuals who, as of the date of this Agreement, constitute the Board (the <B>&#147;Incumbent
Board&#146;&#148;) </B>cease for any reason to constitute at least a majority of the Board, provided that
any person becoming a director subsequent to the date of this Agreement whose election or
nomination for election by the Company&#146;s shareholders was approved by a vote of at least a
majority of the directors then comprising the Incumbent Board other than an election or
nomination of an individual whose initial assumption of office is in connection with an
actual or threatened election contest relating to the election of the Directors of the
Company, as such terms are used in Rule&nbsp;14 a-11of Regulation&nbsp;14A promulgated under the
Exchange Act will be, for purposes of this Agreement, considered as though such person were
a member of the Incumbent Board or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;Approval by the stockholders of the Company of:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">(a)&nbsp;A reorganization, merger, consolidation or acquisition (a <B>&#147;Business
Combination&#148;), </B>with respect to which: (i)&nbsp;those persons who were the stockholders of
the Company immediately prior to such Business Combination do
</DIV>

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</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">not, immediately thereafter, beneficially own more than 50% of the combined voting
power of the then outstanding voting securities of the combined business&#146; then
outstanding voting securities in substantially the same proportions as their
ownership immediately prior to such Business Combination and (ii)&nbsp;at least a
majority of the Incumbent Board comprises a majority of the new Board of Directors
of the combined business or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">(b)&nbsp;A liquidation or dissolution of the Company or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">(c)&nbsp;The sale of all or substantially all of the assets of the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;<U>Right of Executive to Terminate </U>. Upon a Change of Control, Executive may terminate
this Agreement only if it materially affects Executive&#146;s position and compensation herein.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;<U>Compensation</U> Upon a Change <I>of </I>Control, and whereby the Executive elects to
terminate his employment as provided in Paragraph&nbsp;12(B) above, or is not retained under contract by
the surviving entity, the Company will pay the Executive as follows:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(1)&nbsp;A lump sum cash payment of the remaining Base Salary due under this Agreement, however
no less than one year&#146;s Base Salary at time of termination
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(2)&nbsp;A lump sum cash payment equal the average of the Annual Bonuses, <I>if </I>any, paid to the
Executive for the three prior years computed by adding the three prior year bonuses and
dividing by three provided that in the event an executive bonus plan for which Executive has
been eligible has been operable for less than 3&nbsp;years, the average Annual Bonus shall be
computed by the average for the number of years the bonus plan has been in effect for the
Executive.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(3)&nbsp;All unvested Shares or other stock-based grants awarded pursuant to the Incentive Plan
or other Company benefit plan will accelerate and vest upon the date of Change of Control.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>13, </I></B><U><B><I>Arbitration.</I></B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company and the Executive mutually consent to the resolution of all claims, controversies or
disputes under this Agreement, other than a claim which is primarily for injunctive or other
equitable relief, by binding arbitration, in accordance with the Nevada Uniform Arbitration Act.
The determination of the arbitrator will be binding. The Company will pay the fees and costs of the
arbitrator and all other reasonable direct costs in connection with any arbitration, excluding any
legal representation retained by Executive.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>14. </I></B><U><B><I>Right to Cure.</I></B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Each party agrees to give the other written notice identifying with specificity any action taken
which the notifying party believes to be a material violation of this Agreement, and to give the
breaching party a minimum of thirty 30&nbsp;days thereafter to cure such breach prior to the notifying
party commencing adverse action, terminating this Agreement, or initiating equitable relief or
arbitration.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>15. </I></B><U><B><I>Miscellaneous.</I></B></U>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;<U>Laws.</U> This Agreement will be governed by, and construed in accordance with the laws
of the State of Nevada, without reference to principles of conflict of laws, and the parties agree
that the courts of appropriate jurisdiction located in Clark County, Nevada will be the forum for
disputes brought hereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;<U>Interpretation.</U> The invalidity or unenforceability of any provision of this
Agreement will not affect the validity or enforceability of any other provision of this Agreement.
If any provision of this Agreement will be held invalid or unenforceable in part, the remaining
portion of such provision, together with all other provisions of this Agreement, will remain valid
and enforceable and continue in full force and effect to the fullest extent consistent with law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;<U>Taxes.</U> Notwithstanding any other provision of this Agreement, the Company may
withhold from amounts payable under this Agreement all federal, state, local and foreign taxes that
are required to be withheld by applicable laws or regulations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D.&nbsp;<U>Strict Compliance.</U> The Executive&#146;s or the Company&#146;s failure to insist upon strict
compliance with any provision of, or to assert any right under this Agreement including, without
limitation, the right of the Executive to terminate employment for Good Reason pursuant to
Paragraph&nbsp;5 of this Agreement will not be deemed to be a waiver of such provision or right or of
any other provision of or right under this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E.&nbsp;<U>Counterparts.</U> This Agreement may be executed in several counterparts, each of which
will be deemed original, and said counterparts will constitute but one and the same instrument.
Facsimile signatures will be deemed original signatures.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F.&nbsp;<U>Survival </U>. The respective rights and obligations of the parties hereunder will
survive any termination of the Executive&#146;s employment or arrangements to the extent necessary to
the intended preservation of such rights and obligations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G.&nbsp;<U>Beneficiaries</U> The Executive will be entitled, to the extent permitted under any
applicable law, to select and change a beneficiary or beneficiaries to receive any compensation or
benefit payable hereunder following the Executive&#146;s death by giving the Company written notice
thereof. In the event of the Executive&#146;s death or a judicial determination of his incompetence,
references in this Agreement to the Executive will be deemed, where appropriate, to refer to his
beneficiary, estate or other legal representative.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H.&nbsp;<U>Notices.</U> All notices and other communications under this Agreement will be in
writing and will be given by hand to the other party or by registered or certified mail, return
receipt requested, postage prepaid, addressed as follows, or to such other address as either party
furnishes to the other in writing in accordance with this Paragraph. Notices and communications
will be effective when actually received by the addressee:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><I>To the Executive:</I></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mark J. Miller<BR>
3721 Ecker Hill Drive<BR>
Park City, UT 84096

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><I>To the Company:</I></U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Full House Resorts, Inc.

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->8<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">4670 South Fort Apache Road Suite<BR>
190 Las Vegas, Nevada 89147<BR>
Attn: General Counsel

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I.&nbsp;<U>Severability.</U> The provisions of this Agreement are severable, and if any one or
more provisions is determined to be illegal or otherwise unenforceable, in whole or in part, the
remaining provisions, and any partially unenforceable provision to the extent enforceable, will
nevertheless be binding and enforceable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J.&nbsp;<U>Binding Agreement.</U> The rights and obligations of the Company and Executive under
this Agreement will be binding upon and inure to the benefit of, and be enforceable by and against,
the parties hereto and their respective heirs, personal representations, and successors and
assigns.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K.&nbsp;<U>Waiver.</U> Either party&#146;s failure to enforce any provisions of this Agreement will not
in any way be construed as a waiver of any such provisions as to any future violations thereof, nor
prevent that party thereafter from enforcing each and every other provision of this Agreement. The
rights granted the parties herein are cumulative, and the waiver by a party of any single remedy
will not constitute a waiver of such party&#146;s right to assert all other legal remedies available to
his or it under the circumstances.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;L.&nbsp;<U>Successors.</U> This Agreement shall inure to the benefit of and be binding upon the
Company and its successors and assigns provided however, that this Agreement is for personal
services and is not assignable by Executive.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;M.&nbsp;<U>Entire Agreement.</U> This Agreement constitutes the entire agreement between the
Company and Executive with respect to the subject matter hereof, and may not be modified or
terminated orally. No modification, termination or attempted waiver of this Agreement will be valid
unless in writing and signed by the party against whom the same is sought to be enforced.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>IN WITNESS WHEREOF, </B>the Executive and the Company, pursuant to the authorization of its Board of
Directors, have caused this Agreement to be executed on the date first above written.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Company:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Executive:</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Full House Resorts, Inc</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR style="font-size: 10pt" valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">/s/ Andre M Hilliou <DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Mark J. Miller<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">Chief Executive Officer </TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mark J.Miller</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD align="left" valign="top">/s/ Carl G. Braunlich <DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>Chairman, Compensation Committee</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXECUTIVE EMPLOYMENT<BR>
APPENDIX &#147;A&#148;</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Executive Name: Mark Miller</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Position: Senior Vice President and Chief Financial Officer</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="60%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>BASE SALARY:</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top"><B>$</B></TD>
    <TD align="right" valign="top"><B>250,000</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Annually, paid in equal installments twice per month</B></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD nowrap valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>SIGNING BONUS:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top"><B>$</B></TD>
    <TD align="right" valign="top"><B>75,000</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Payable on commencement of employment</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ANNUAL INCENTIVE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>COMPENSATION (BONUS): 100% of base compensation subject to annual objectives established by
the compensation committee as part of the business plan, </B>provided, however, that a cash bonus of
50% of Base Salary shall be guaranteed for the first year of employment payable at the end of the
first year of service.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>STOCK COMPENSATION: 110,000 Shares of Restricted Stock, which were granted on March&nbsp;13, 2007 and
which vest one-third annually over three years on the employment anniversary date of February&nbsp;19,
2007.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>BENEFITS:</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Medical insurance for employee in accordance with company plan as in affect from time to time</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Relocation allowance of up to $20,000 in temporary housing and moving expense.</B>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Life Insurance in the amount of 2 times base compensation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Paid vacation annually, all of which will be in accordance with the Full House Resorts Inc.
Vacation Policy, provided that Executive shall be eligible for no less than four (4)&nbsp;weeks vacation
each year.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->10<!-- /Folio -->
</DIV>


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