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Liquor Management and Employee Services Agreement

Category: 270 Legal Recent Posts, Hotel, Liquor, Management


LIQUOR MANAGEMENT AND EMPLOYEE SERVICES AGREEMENT

THIS LIQUOR MANAGEMENT AND EMPLOYEE SERVICES AGREEMENT (this “Agreement”) is made and entered into as of the 2nd day of February, 2007 (“Effective Date”) by and between HRHH Hotel/Casino, LLC, a Delaware limited liability company (“Owner”), and Hard Rock Hotel, Inc., a Nevada corporation (“Operator”). Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Index of Terms attached hereto.

RECITALS

A. Owner is the owner of those certain premises located at 4455 Paradise Road, Las Vegas, Nevada 89109 (the “Property”), including, without limitation, the resort hotel casino and other improvements located thereon more commonly known as the Hard Rock Hotel & Casino (the “Hotel Casino”);

B. Operator is experienced in operating, directing, managing and supervising bars, bar personnel and liquor sales at hotel casino properties, and Operator holds, or as of the Effective Date will hold, the Approvals (as defined below) necessary for Operator to conduct the Liquor Operations (as defined below);

C. Owner desires to engage certain employees of Operator to provide services in connection with the day-to-day operations of the Hotel Casino (excluding operations of the gaming and casino related facilities located therein), and Operator desires to provide its employees to Owner for such purposes, on the terms and conditions set forth herein; and

D. Owner desires to engage Operator with respect to conducting the Liquor Operations, and Operator desires to assume such operation, direction, management and supervision of the Liquor Operation, in accordance with the agreements, obligations and covenants as more particularly described herein.

AGREEMENT

NOW, THEREFORE, in consideration of the mutual promises herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree that the foregoing recitals are true and correct and as follows:

1. ENGAGEMENT OF OPERATOR; TERM.

1.1 Engagement of Operator. Owner hereby engages Operator to act as the exclusive operator of the Liquor Operations during the Term (as defined below), with exclusive responsibility and full control and discretion in the operation, direction, management and supervision of the Liquor Operations, and Operator hereby agrees to be so engaged by Owner, subject to the agreements, terms and conditions contained herein.
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