EX-10.1



 Exhibit 10.1 

EXECUTION VERSION 
 VOTING
AGREEMENT 
 This Agreement (this “Agreement”), dated as of July 9, 2016, is entered into by and between Caesars
Entertainment Corporation, a Delaware corporation (“CEC”), and Hamlet Holdings LLC, a Delaware limited liability company (“VoteCo”) and, solely for the purposes of Section 4.3, Section 6.11
and Section 6.12, the Holders (as defined below). Capitalized terms used in this Agreement and not otherwise defined herein shall have the meanings assigned to them in the A&R Merger Agreement (as defined below) or the Bank RSA (as
defined below), each as in effect on the date hereof. 
 WHEREAS, concurrently or substantially concurrently with the execution and delivery
of this Agreement, CEC and Caesars Acquisition Company, a Delaware corporation (“CAC”), have entered into an Amended and Restated Agreement and Plan of Merger, dated as of the date hereof (as the same may be amended or amended and
restated from time to time in accordance with the terms of this Agreement, the “A&R Merger Agreement”); 
 WHEREAS,
concurrently with the execution and delivery of this Agreement, VoteCo, the Holders and CAC have entered into a voting agreement relating to the shares of CEC Common Stock over which VoteCo has the sole voting and sole dispositive power (the
“CAC-VoteCo Agreement”), a copy of which is attached as Exhibit A; 
 WHEREAS, execution and delivery of a Merger
Agreement and Sponsor Agreements (as defined in the RSAs), in each case, in form and substance reasonably acceptable to Caesars Entertainment Operating Company, Inc., a Delaware corporation (“CEOC”), are conditions to the
effectiveness of the obligations of CEOC under the CAC-CEOC RSA, and entry into such agreements is a material inducement to CEOC with respect to the CEOC Plan and the CAC-CEOC RSA and the CEC-CEOC RSA. 

WHEREAS, pursuant to the Irrevocable Proxy, dated October 21, 2013 (the “CAC Irrevocable Proxy”), made and granted by
the parties listed in Schedule A-1 and Schedule A-2 thereto (the “Holders”), as of the date hereof, VoteCo has the sole voting and sole dispositive power with respect to 90,063,316 shares (the “Subject Shares”) of
Class A Common Stock of CAC (“Company Common Shares”); 
 WHEREAS, obtaining the CAC Requisite Vote is a condition to
the consummation of the Merger; 
 WHEREAS, as a condition to its willingness to enter into the A&R Merger Agreement, CEC has required
that VoteCo enter into this Agreement; 
 WHEREAS, as a condition to its willingness to enter into the CAC/CEOC RSA, CEOC has required that
CEC, VoteCo and the Holders enter into this Agreement; 







 WHEREAS, the parties specified herein are intended to be third-party beneficiaries of this
Agreement and all obligations of the respective parties hereunder. 
 NOW, THEREFORE, in consideration of CEC entering into the A&R
Merger Agreement, CEOC entering into the CAC/CEOC RSA and of the mutual covenants and agreements contained herein and therein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to
be legally bound hereby, the parties agree as follows: 
 SECTION 1. Voting Agreement. 

1.1 Voting Agreement. VoteCo hereby agrees that, from the date of this Agreement until the termination of this Agreement (the
“Voting Period”), at any meeting of the stockholders of CAC, and at every adjournment or postponement thereof, or in any action by written consent of the stockholders of CAC, VoteCo shall appear (in person or by proxy) at such
meeting (or any adjournment or postponement thereof) and cause all of the Subject Shares to be counted as present thereat for purposes of calculating a quorum and shall vote (or cause to be voted) all the Subject Shares: 

(a) (i) in favor of the adoption of the plan of merger contained in the A&R Merger Agreement and approval of the Merger,
(ii) in favor of any proposal to adjourn the meeting to solicit additional proxies in favor of the adoption of the A&R Merger Agreement and the approval of the Merger if (but only if) there are not sufficient votes to adopt the A&R
Merger Agreement and approve the Merger on the date on which such meeting is held and (iii) in favor of any other action, proposal, transaction or agreement that would reasonably be expected to facilitate the timely consummation of the Merger
or the consummation of the transactions contemplated thereby that the CAC Board (upon the recommendation of the CAC Special Committee) has recommended that CAC’s stockholders vote in favor of; and 

(b) against any Acquisition Proposal (including any Superior Proposal) and against any action, omission, proposal, transaction
or agreement that would reasonably be expected to (i) impede, interfere with, delay, discourage, adversely affect or inhibit the timely consummation of the Merger, (including any adjournment or postponement of the CAC Stockholders Meeting
(except as contemplated by clause 1.1(a) above)) or (ii) change in any manner the voting rights of any class of shares of CEC or CAC, amend the organizational documents of CEC or CAC or otherwise amend the capital structure of CEC or CAC
(in each case, other than, and other than pursuant to, the A&R Merger Agreement and the Merger). 
 For the avoidance of doubt, pursuant to the A&R
Merger Agreement, in no event shall any offer, proposal or inquiry relating to, or any third party indication of interest in, a CIE Sale Transaction, constitute an Acquisition Proposal or a Superior Proposal. 

1.2 Other Voting. Subject to Section 4, VoteCo shall vote in its sole discretion on all issues other than those specified
in Section 1.1 hereof that may come before a meeting of, or action by written consent by, the stockholders of CAC in a manner that would not reasonably be expected to materially impede, interfere with, delay, discourage, adversely affect or
inhibit the timely consummation of the Merger or the CEOC Plan. 

  
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 1.3 Other Agreements. 

(a) VoteCo hereby agrees that it shall not, and shall cause its Members (as identified on the signature pages hereto) to not,
directly or indirectly, (i) solicit, initiate or knowingly encourage any inquiries, offers or the making of any proposal or announcement that constitutes or would reasonably be expected to lead to any Acquisition Proposal, (ii) engage in,
continue or otherwise participate in any negotiations or discussions with any third party (other than CEOC, CEC or CAC or their respective Representatives) regarding or that would reasonably be expected to lead to any Acquisition Proposal,
(iii) furnish any nonpublic information regarding CEC or CAC or any of their respective subsidiaries to any Person (other than CEOC, CEC or CAC or their respective Representatives) in connection with or in response to any Acquisition Proposal,
(iv) alone or with any other Person, make, or announce an intention to make, an Acquisition Proposal or (v) resolve or agree to do any of the foregoing. 

(b) VoteCo shall, and shall cause its Members to, immediately cease and cause to be terminated all existing activities,
discussions or negotiations it has had with any Person with respect to any Acquisition Proposal and shall promptly inform CEOC, CEC and CAC if it receives any inquiry or proposal relating to an Acquisition Proposal and the details thereof 

(c) VoteCo hereby (x) waives and agrees not to exercise any rights of appraisal or rights to dissent from the Merger that
VoteCo may have, or that may arise, under the A&R Merger Agreement, the DGCL or otherwise, with respect to the A&R Merger Agreement or the Merger and (y) represents that, as a result of VoteCo’s obligation pursuant to
Section 1.1(a), the Holders will not have appraisal rights or rights to dissent from the Merger under the A&R Merger Agreement or the DGCL. VoteCo shall not, and shall cause its Members to not, bring, commence, institute, maintain,
prosecute, participate or join in or voluntarily aid (and agrees to take all actions necessary to opt out of any class in any class action with respect to) any claim or Proceeding (derivative or otherwise) in law or in equity in any court or before
any Governmental Entity, against CEC or CAC or any of their respective successors or assigns or any other Person (i) challenging the validity of, or seeking to enjoin the operation of, any provision of this Agreement or the A&R Merger
Agreement or prevent, impair or delay the consummation of the transactions contemplated hereby or thereby, or (ii) alleging the execution and delivery of the A&R Merger Agreement by CEC or CAC, the approval of the A&R Merger Agreement
by the CEC Board or the CAC Board, or any other action in connection with the negotiation and entry into this Agreement, the A&R Merger Agreement, the CEOC Plan and the transactions contemplated hereby and thereby breached any fiduciary duty of
any Person. 

  
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 (d) VoteCo shall not, and shall cause its Members to not, take or agree to take
or commit to take any action with the intent of, or for the purpose of or that would reasonably be expected to have the effect of, in each case in whole or in part, materially preventing or delaying the consummation of, or materially impairing the
ability of any party to consummate, the transactions contemplated by the A&R Merger Agreement or the CEOC Plan. 
 SECTION 2.
Representations and Warranties of VoteCo. VoteCo hereby represents and warrants to CEC as follows: 
 2.1 Voting Matters.
VoteCo has, and will have throughout the Voting Period, as true and lawful proxy and attorney-in-fact for the holders of the Subject Shares pursuant to the CAC Irrevocable Proxy, the sole power to vote or cause to be voted the Subject Shares on the
matters specified in this Agreement, free and clear of any and all claims, liens, encumbrances or restrictions on the right to vote the Subject Shares, except as may exist by reason of this Agreement. Other than the CAC Irrevocable Proxy, VoteCo is
not a party to, and the Subject Shares are not otherwise subject to, any agreement, arrangement or other understanding (i) that would constitute a breach of Section 4.1 if entered into during the Voting Period, or (ii) that
would reasonably be expected to materially delay, impair or restrict VoteCo’s ability to perform its obligations under this Agreement. The CAC Irrevocable Proxy (x) is in full force and effect and constitutes the legal, valid and binding
obligation of each of the parties listed in Schedule A-1 and Schedule A-2 thereto, enforceable in accordance with its terms by VoteCo against each of such parties, (y) has not been amended or terminated since it was entered into on
October 21, 2013 (and no Release Event (as defined therein) has occurred or will occur during the Voting Period) and (z) will not be amended or waived in any way that would reasonably be expected to materially delay, impair or restrict
VoteCo’s ability to perform its obligations under this Agreement, or terminated, prior to the obtaining of the CAC Requisite Vote. 

2.2 Organization. VoteCo is a limited liability company duly formed, validly existing and in good standing under the laws of the State
of Delaware. 
 2.3 Authority Relative to this Agreement. 

(a) VoteCo has all requisite limited liability company power and authority to execute and deliver this Agreement and to
perform its obligations hereunder. 
 (b) The execution and delivery of this Agreement by VoteCo and the performance of its
obligations hereunder and the consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary and appropriate limited liability company or other action on behalf of VoteCo. 

  
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 (c) This Agreement has been duly and validly executed and delivered by VoteCo
and, assuming the due authorization, execution and delivery hereof by CEC, constitutes a valid and binding obligation of VoteCo, enforceable against VoteCo in accordance with its terms, except to the extent that enforcement is limited by bankruptcy,
insolvency, fraudulent transfer, reorganization, moratorium and similar Laws of general applicability relating to or affecting creditors’ rights or by general equitable principles (whether considered in a proceeding at law or in equity). 

2.4 No Conflict. Except for any filing that may be required by applicable federal securities or antitrust laws, the execution and
delivery of this Agreement by VoteCo does not, and the performance of its obligations under this Agreement will not, (a) require any consent or approval by, filing with, or notification to, any Governmental Entity or any other Person by VoteCo,
(b) violate or conflict with or result in any breach of any provision of the organizational documents of VoteCo, (c) violate or conflict with, or result in any breach of or default (with or without notice or lapse of time or both) under,
or give to any other Person (with or without notice or lapse of time or both) any right of termination, acceleration or cancellation of, or result in the creation of any claim, lien, encumbrance or restriction on the right to vote or Transfer the
Subject Shares under, any provision of any agreement to which VoteCo is a party or any instrument, permit, concession, franchise or license of VoteCo or (d) violate or conflict with any Law applicable to VoteCo or to VoteCo’s properties or
assets, except in the case of the foregoing clauses (a), (c) and (d) only, for any of the foregoing as would not reasonably be expected to materially delay, impair or restrict VoteCo’s ability to perform its obligations under this
Agreement. 
 2.5 Subject Shares. Other than the Subject Shares, VoteCo does not hold or control any other equity interests
possessing voting rights in or with respect to CAC. The Holders, in the aggregate, are the direct holders of record of all of the Subject Shares, free and clear of any and all claims, liens, encumbrances or restrictions on the right to vote the
Subject Shares, except as may exist by reason of this Agreement or the CAC Irrevocable Proxy. The Subject Shares constitute all of the equity interests of CAC beneficially owned by any of the Sponsors (as defined in the Original CEOC Plan). Other
than such consents as have already been obtained, no consent of any Person is required for VoteCo or any Holder to execute and deliver this Agreement. 

2.6 Dispositive Power. VoteCo has, and will have throughout the Voting Period, as true and lawful proxy and attorney-in-fact for the
applicable holders of the Subject Shares pursuant to the CAC Irrevocable Proxy, the sole power to direct and effect the sale, transfer or other disposition of all or any part of the Subject Shares, if, as and when so determined in the sole
discretion of VoteCo and, without limiting the foregoing, the CAC Irrevocable Proxy provides VoteCo with the sole ability to dispose of the Subject Shares and use the proceeds thereof to satisfy obligations VoteCo has on account of a breach of this
Agreement. Pursuant to the CAC Irrevocable Proxy, the Subject Shares may not be Transferred by, or at the direction of, the Holders or any Person other than VoteCo. 

  
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 SECTION 3. Representations and Warranties of CEC. CEC hereby represents and warrants
to VoteCo as of the date of this Agreement as follows: 
 3.1 Organization. CEC is a corporation duly incorporated, validly existing
and in good standing under the laws of the state of Delaware. 
 3.2 Authority Relative to this Agreement. 

(a) CEC has all requisite corporate power and authority to execute and deliver this Agreement and to perform its obligations
hereunder. 
 (b) The execution and delivery of this Agreement by CEC and the performance of its obligations hereunder and
the consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary and appropriate corporate action by the board of directors of CEC. This Agreement has been duly and validly executed and delivered by CEC
and, assuming the due authorization, execution and delivery by VoteCo, constitutes a valid and binding obligation of CEC, enforceable against CEC in accordance with its terms, except to the extent that enforcement is limited by bankruptcy,
insolvency, fraudulent transfer, reorganization, moratorium and similar Laws of general applicability relating to or affecting creditors’ rights or by general equitable principles (whether considered in a proceeding at law or in equity). 

3.3 No Conflict. Except for any filings that may be required by applicable federal securities or antitrust laws, the execution and
delivery of this Agreement by CEC do not, and the performance of its obligations hereunder will not, (a) require any consent or approval by, filing with, or notification to, any Governmental Entity or any other Person by CEC, (b) violate
or conflict with or result in any breach of any provision of the articles of incorporation or by-laws of CEC, (c) violate or conflict with, or result in any breach of or default (with or without notice or lapse of time or both) under, or give
to any other Person (with or without notice or lapse of time or both) any right of termination, acceleration or cancellation of, any provision of any agreement to which CEC is a party or any instrument, permit, concession, franchise or license of
CEC, or (d) violate or conflict with any Law applicable to CEC or its properties or assets, except, in the case of the foregoing clauses (a), (c) and (d) only for any of the foregoing as would not reasonably be expected to materially
impair or restrict CEC’s ability to perform its obligations under this Agreement. 
 SECTION 4. Additional Agreements. 

4.1 No Other Proxies, Etc. VoteCo hereby covenants and agrees that during the Voting Period, except as otherwise specifically permitted
by this Agreement (including Section 1.1) and except for the CAC Irrevocable Proxy, VoteCo shall not, and shall cause its Members to not, offer or agree to, grant any proxy or power of attorney with respect to, deposit into a voting
trust or enter into a voting arrangement with respect to, whether by proxy, 

  
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voting agreement or otherwise, any Subject Shares or any interest therein or any other securities convertible into or exercisable for any Company Common Shares, and shall not, and shall cause its
Members to not, amend or terminate the CAC Irrevocable Proxy in any way that would materially adversely impact VoteCo’s ability to carry out its obligations under this Agreement; provided that nothing in this Section 4.1 shall prevent
VoteCo from granting a proxy for any other annual or special meeting of stockholders of CAC in a manner permitted by Section 1.2. During the Voting Period, no VoteCo Member shall withdraw as a member of VoteCo (other than in the event of such
Member’s death, disability or termination as an executive of the applicable Sponsor), nor shall VoteCo admit any new members. 
 4.2
Additional Shares. In the event of a share dividend or distribution, or any change in the Company Common Shares by reason of any share dividend, distribution, subdivision, recapitalization, reclassification, consolidation, conversion or the
like, including the exchange of any securities convertible into or exercisable for any Company Common Shares, or any other acquisition of (or acquisition of control of) Company Common Shares after the date hereof, the term “Subject Shares”
shall be deemed to refer to and include such shares as well as all such share dividends and distributions and any securities into which or for which any or all of the Subject Shares may be changed or exchanged or which are received in such
transaction. 
 4.3 Transfer. 

(a) During the Voting Period, VoteCo shall not, and shall cause its Members to not, permit or allow any of the Subject Shares
to be, and shall cause the Subject Shares not to be, directly or indirectly, Transferred, and shall not make any offer or enter into any agreement providing for a Transfer of any of the Subject Shares and shall not commit to do, consent to, or
otherwise facilitate any of the foregoing, except in cases where the transferee executes a customary joinder agreeing to be bound by this Agreement in the same manner as VoteCo, including full recourse to the Subject Shares so Transferred for any
violation of this Agreement by VoteCo (including any such violation by VoteCo as a result of an action of any Member) or such transferee. Any attempted Transfer in violation of this Agreement shall be void ab initio. If any involuntary Transfer of
any or all of the Subject Shares shall occur (including, if applicable, a sale by trustee in any bankruptcy, or a sale to a purchaser at any creditor’s or court sale), or any other involuntary action in violation of this Section 4.3
shall occur resulting in any person having beneficial ownership over any or all of the Subject Shares or otherwise having the power to exercise, in whole or in part, any control over any or all of the Subject Shares with respect to any of the
matters contemplated by this Agreement, then the transferee (which term, as used herein, shall include any and all transferees and subsequent transferees of the initial transferee) or such other person shall take and hold the Subject Shares subject
to all of the restrictions, liabilities and rights under this Agreement, which shall continue in full force and effect until valid termination of this Agreement. 

  
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 (b) VoteCo agrees to Transfer, or cause the Transfer of, any or all of the
Subject Shares, and to apply any or all of the proceeds of such sale of the Subject Shares, to satisfy any finally determined liability of, or finally determined damages payable by, VoteCo for breach of the agreements, representations and warranties
under this Agreement that exists after giving effect to any specific performance obtained under Section 6.9 (whether such breach arises from an action, omission or inaccuracy of VoteCo, any Member of VoteCo or, with respect to this
Section 4.3, Section 6.11 or Section 6.12, any Holders) (a “VA Breach”). 
 4.4
Notice of Amendment. At any time during the Voting Period, CEC shall: 
 (a) provide prompt (and in any event within
one (1) calendar day) Notice (as defined below) to VoteCo of any amendment, waiver or other modification to the A&R Merger Agreement, the CEOC Plan filed with the Bankruptcy Court on June 28, 2016 (the “Original CEOC
Plan”) or the RSAs, including by any other writing or agreement (any such amendment, waiver or other modification, an “Amendment”), together with an executed copy of such Amendment; and 

(b) provide prompt (and in any event within two (2) calendar days) Notice of any request for any such amendment, waiver
or other modification. 
 4.5 Support of Restructuring. 

VoteCo hereby agrees to, and shall cause its Members to: 

(a) consent to those actions contemplated by the CEOC Plan, the RSAs or otherwise required to be taken to effectuate the
Restructuring, including entering into all documents and agreements necessary to consummate the Restructuring, in each case, to which VoteCo is to be a party pursuant to the CEOC Plan or the RSAs, including voting the Subject Shares in favor of any
shareholder vote necessary for the issuance of New CEC Common Equity (as defined in the CEOC Plan) pursuant to the CEOC Plan, as long as such issuance is recommended by the CEC Special Committee or the CEC Board of Directors; 

(b) support the Restructuring and, to the extent applicable, vote in favor of the CEOC Plan, when and if properly solicited to
do so under the Bankruptcy Code, all Equity Interests now or 

  
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hereafter beneficially owned by VoteCo or for which it now or hereafter serves as the nominee, investment manager, or advisor for beneficial holders of Claims (and not withdraw or revoke its vote
with respect to the CEOC Plan, or transfer or limit any rights to vote); and 
 (c) not take any action materially
inconsistent with the transactions expressly contemplated by the CEOC Plan or the RSAs, or that would materially delay or obstruct the consummation of the Restructuring, including, without limitation, commencing, or joining with any Person in
commencing, any litigation or involuntary case for relief under the Bankruptcy Code against the Debtors or CEC. 
 SECTION 5.
Termination. 
 5.1 This Agreement shall terminate upon VoteCo providing Notice of termination to CEC within five (5) calendar
days after receipt of (i) any Amendment to the A&R Merger Agreement that adversely affects the interests of VoteCo (or after any such Amendment should have been provided) or (ii) any Amendment to the Original CEOC Plan or either RSA
that materially adversely affects the interests of VoteCo (or after any such Amendment should have been provided). Notwithstanding the foregoing, (a) VoteCo shall have no right to terminate this Agreement pursuant to Section 5.1(i) or
(ii) if VoteCo previously consented to such Amendment and (b) VoteCo shall have no right to terminate this Agreement pursuant to Section 5.1(i) if the CAC Special Committee approved such Amendment, unless VoteCo or any VoteCo Related
Entity is disproportionately adversely affected by such Amendment relative to CAC’s other stockholders, in which case this clause (b) shall not apply and VoteCo shall have the right to terminate this Agreement pursuant to
Section 5.1(i). 
 5.2 This Agreement shall terminate automatically immediately two (2) Business Days after (x) VoteCo
provides Notice of termination to CEC (with a copy to the 3PBs) upon the occurrence of any of the following, or (y) CAC or the CAC Special Committee provides Notice of termination to VoteCo and CEC (with a copy to the 3PBs), upon the occurrence of
(a) or (c) of the following: 
 (a) a CAC Adverse Recommendation Change prior to obtaining the CAC Requisite Vote; 

(b) the termination of the CAC-VoteCo Agreement; 

(c) the termination of the A&R Merger Agreement, except to the extent such termination is caused by any material breach of
this Agreement by VoteCo; 

  
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 (d) December 31, 2017, provided that this clause (d) shall not be a
termination event if the failure of the Effective Time to occur by such date was caused by a breach of this Agreement by VoteCo; or 

(e) the Effective Time. 

Upon the termination of this Agreement pursuant to this Section 5, the parties shall be released from their respective commitments,
undertakings and agreements pursuant to this Agreement, and there shall be no liability or obligation on the part of any party pursuant to this Agreement; provided that no such termination shall relieve any party from liability for any willful
breach of this Agreement prior to such termination and the covenants in Section 6.12 will survive for such purpose until the later of (X) a period of four (4) months following such termination or (Y) the date of final resolution
of any formal claim for such willful breach made prior to the end of such four (4) month period. 
 SECTION 6.
Miscellaneous. 
 6.1 Publication. 

(a) VoteCo hereby permits CEC to publish and disclose, in any document or schedule filed with the SEC, or in any other
regulatory filing in connection with the A&R Merger Agreement or the Chapter 11 Cases, this Agreement and the terms hereof, subject to the prior written consent of VoteCo, not to be unreasonably withheld. CEC shall provide VoteCo a reasonable
period to review any such disclosure (and CEC shall take into account any reasonable comments of VoteCo); provided that CEC may disclose and discuss this Agreement and the terms hereof with any gaming regulatory authority without the prior consent
of VoteCo. 
 (b) CEC hereby permits VoteCo to publish and disclose, in any document or schedule filed with the SEC, this
Agreement and the terms hereof, subject to prior written consent of CEC, not to be unreasonably withheld. VoteCo shall provide CEC a reasonable period to review any such disclosure (and VoteCo shall take into account any reasonable comments of CEC);
provided, however, that notwithstanding the foregoing, VoteCo may file one or more amendments to its statement of beneficial ownership on Schedule 13D pertaining to the Subject Shares describing this Agreement and the terms thereof and include a
copy of this Agreement in such filing without the prior consent of CEC, and further provided that VoteCo may disclose and discuss this Agreement and the terms hereof with any gaming regulatory authority without the prior consent of CEC. 

6.2 Expenses. Subject to any other agreement between the parties, all costs and expenses incurred in connection with this Agreement
shall be paid by the party incurring such costs and expenses. 

  
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 6.3 Entire Agreement; No Third Party Beneficiaries. 

(a) This Agreement, together with the documents referred to herein, constitutes the entire agreement and supersedes all prior
agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof; provided that if there is any conflict between this Agreement and the A&R Merger Agreement, this Agreement shall control.
This Agreement is intended to create a contractual relationship between VoteCo and CEC and is not intended to create, and does not create, any agency, partnership, joint venture or any like relationship between the parties. 

(b) This Agreement is not intended to, and shall not, confer upon any Person not a party any rights or remedies hereunder,
except that (1) (i) CAC is an intended third-party beneficiary of VoteCo’s obligations pursuant to Section 1.1, (ii) CAC, the CEC Special Committee and the CAC Special Committee are intended third-party beneficiaries of
VoteCo’s obligations pursuant to Section 5.2(y) (and such provision may not be amended without their prior written consent) and (iii) (x) if the Amended 1L Bond RSA is entered into, the Consenting Creditors (as defined in the Amended
1L Bond RSA), (y) if the Amended 1L Bond RSA is entered into, the Consenting Bank Creditors (as defined in that certain First Amended and Restated Restructuring Support and Forbearance Agreement, dated as of June 21, 2016 and attached to
the Form 8-K filed by CEC on June 21, 2016 (the “Bank RSA”) and (z) CEOC are intended third-party beneficiaries of the provisions hereunder, in each case, whether or not expressly named in such provisions, entitled to
enforce such obligations as if a party directly hereto (collectively the “3PBs”) and (2) the VoteCo Related Entities are intended third-party beneficiaries of the provisions of Section 6.11, entitled to enforce such
provisions as if a party directly hereto. 
 (c) The “Amended 1L Bond RSA” means that certain Sixth Amended
and Restated Restructuring Support and Forbearance Agreement, among CEC, the Debtors and the Consenting Creditors (as defined therein), if entered into. 

6.4 Parties in Interest and Assignment. This Agreement shall be binding upon, inure solely to the benefit of, and be enforceable by,
the parties, the 3PBs and their successors and permitted assigns. VoteCo may not assign any rights or delegate any obligations hereunder without the prior written consent of CEC, CEOC, the Requisite Consenting Creditors (as defined in the Bank RSA)
if the Amended 1L Bond RSA is entered into and, to the extent relating to Section 1.1, CAC; CEC may not assign any rights or delegate any obligations hereunder without the prior written consent of VoteCo, CEOC and the Requisite
Consenting Creditors (as defined in the Bank RSA) if the Amended 1L Bond RSA is entered into; and either such consent can be granted or denied in the sole, exclusive and non-appealable discretion of the party whose consent is sought. Any such
purported assignment or delegation made in violation of the foregoing shall be null and void. VoteCo acknowledges this Agreement and all of the parties’ respective obligations hereunder shall survive and be fully enforceable in accordance with
its terms notwithstanding the commencement and pendency of any CEC Chapter 11 Case. 

  
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 6.5 Amendment; No Waiver. This Agreement may not be amended except by an instrument in
writing between CEC and VoteCo and consented to by CEOC, the Requisite Consenting Creditors (as defined in the Bank RSA) if the Amended 1L Bond RSA is entered into and, to the extent relating to Section 1.1, CAC. Neither the failure nor
any delay by any party in exercising any right, power or privilege under this Agreement will operate as a waiver of such right, power or privilege, and no single or partial exercise of any such right, power or privilege will preclude any other or
further exercise of such right, power or privilege or the exercise of any other right, power or privilege. In addition, (a) no claim or right arising out of this Agreement can be discharged by any party, in whole or in part, by a waiver or
renunciation of the claim or right unless in writing signed by such party (and consented to by CEOC, the Requisite Consenting Creditors (as defined in the Bank RSA) if the Amended 1L Bond RSA is entered into and, to the extent relating to
Section 1.1, CAC), (b) no waiver that may be given by any party unless consented to by CEOC, the Requisite Consenting Creditors (as defined in the Bank RSA) if the Amended 1L Bond RSA is entered into and, to the extent relating to
Section 1.1, CAC, and any such waiver will not be applicable except in the specific instance for which it is given and (c) no notice to or demand on a party will be deemed to be a waiver of any obligation of such party and no notice
from or demand by a party will be deemed to be a waiver of such party’s right to take further action without notice or demand as provided in this Agreement. 

6.6 Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of
Law, or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of this Agreement is not materially affected in any manner adverse to any
party, including the 3PBs. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the
parties as closely as possible in a manner mutually acceptable to the parties and the applicable 3PBs in order that the terms of this Agreement remain as originally contemplated to the fullest extent possible. 

6.7 Notices. Each notice and other communication hereunder (a “Notice”) shall be in writing and shall be deemed duly
given (a) on the date of delivery if delivered personally, (b) by facsimile upon confirmation of receipt or (c) on the second Business Day following the date of dispatch if delivered by a recognized express courier service. All
Notices shall be delivered as set forth below or under such other instructions as may be designated in writing by the party to receive such Notice. 

if to CEC: 
 Caesars
Entertainment Corporation 
 One Caesars Palace Drive 

Las Vegas, Nevada 89109 

Facsimile: (702) 407-6418 

Attention: General Counsel 

  
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 with copies (which shall not constitute notice) to: 

Reed Smith LLP 
 225 Fifth Avenue

 Pittsburgh, PA 15222 

Facsimile: (412) 288-3131 

Attention: Glenn R. Mahone 
 Reed
Smith LLP 
 599 Lexington Avenue, 22nd Floor 

New York, New York 10022 

Facsimile: (212) 521-5450 

Attention: Howard L. Shecter 
 if
to VoteCo: 
 Hamlet Holdings LLC 

c/o Apollo Management, L.P. 
 9
West 57th St., 43rd Floor 
 New
York, New York 10019 
 Attention: John J. Suydam 

and 
 Hamlet Holdings LLC 

c/o TPG Global, LLC 
 301 Commerce
St., Suite 3300 
 Ft. Worth, Texas 76102 

Attention: General Counsel 
 with
a copy (which shall not constitute notice) to: 
 Akin Gump Strauss Hauer & Feld, LLP 

One Bryant Park 
 Bank of America
Tower 
 New York, New York 10036-6745 

Facsimile: (212) 872-1002 

Attention: Daniel I. Fisher 

  Steven M. Pesner 

and 

  
 13 








 Kasowitz Benson Torres & Friedman LLP 

1633 Broadway 
 New York, New York
10019 
 Facsimile: (212) 506-1800 

Attention: Marc E. Kasowitz 

  Joshua Greenblatt 

with a copy, in each case (i) to Caesars Entertainment Operating Company, Inc., with a copy to Kirkland & Elllis LLP, as set
forth in the CEC/CEOC RSA and (ii) if the Amended 1L Bond RSA is entered into, to Kramer Levin Naftalis & Frankel LLP, as set forth in the Amended 1L Bond RSA and Stroock & Stroock & Lavan LLP, as set forth in the
Bank RSA. 
 6.8 Governing Law. This Agreement will be governed by, and construed in accordance with, the Laws of the State of
Delaware, without regard to any principles of conflicts of law thereof that are not mandatorily applicable by Law and would permit or require the application of the Laws of another jurisdiction. In furtherance of the foregoing, the parties hereby
acknowledge and agree that it is their intent that the Applicable Courts not apply the internal affairs doctrine for the purposes of any litigation, action, suit or other proceeding with respect to the subject matter hereof. 

6.9 Specific Performance; Submission to Jurisdiction. The parties agree that money damages would be both incalculable and an
insufficient remedy and that irreparable damage would occur if any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that, subject to the discretion of
the Applicable Courts, the parties, any of the 3PBs and any of the VoteCo Related Entities shall be entitled to an injunction or other equitable relief to prevent breaches or violations of this Agreement and to enforce specifically the terms and
provisions of this Agreement in any Applicable Court, this being in addition to any other remedy to which they are entitled at law or in equity. Moreover, and in recognition of the foregoing, each of the parties hereby waives (a) any defense in
any action for specific performance of this Agreement that a remedy at law would be adequate and (b) any requirement under any law for any party to post security as a prerequisite to obtaining equitable relief. Each party irrevocably and
unconditionally submits to the jurisdiction of the Chosen Courts for any action or proceeding arising out of or relating to this Agreement (provided that with respect to any action or proceeding involving any 3PB, the United States District Court
for the Northern District of Illinois shall have exclusive jurisdiction (the Chosen Courts, together with the foregoing court pursuant 

  
 14 








 
to these two provisos, the “Applicable Courts”)), and hereby irrevocably and unconditionally agrees that all claims in respect of such action or proceeding may be heard and
determined in such court. Each party hereby irrevocably and unconditionally waives, to the fullest extent that it may effectively do so, any defense of an inconvenient forum which such party may now or hereafter have to the maintenance of such
action or proceeding. The parties further agree (i) to the extent permitted by Law, that final and nonappealable judgment against any of them in any action or proceeding contemplated above shall be conclusive and may be enforced in any other
jurisdiction within or outside the United States by suit on the judgment, a certified copy of which shall be conclusive evidence of the fact and amount of such judgment and (ii) that service of process upon such party in any such action or
proceeding shall be effective if Notice is given in accordance with Section 6.7. 
 6.10 Interpretation. The parties have
participated jointly in negotiating and drafting this Agreement. If an ambiguity or a question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties, and no presumption or burden of proof shall
arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement. When a reference is made in this Agreement to sections or subsections, such reference shall be to a section or subsection of this Agreement
unless otherwise indicated. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Whenever the words “include,” “includes” or
“including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” The words “herein,” “hereof,” “hereunder” and words of similar import shall be deemed to
refer to this Agreement as a whole, and not to any particular provision of this Agreement. Any pronoun shall include the corresponding masculine, feminine and neuter forms. References to “party” or “parties” in this Agreement
mean CEC and VoteCo. 
 6.11 Absolute Non-Recourse to VoteCo Related Entities. 

(a) For the avoidance of doubt and notwithstanding any other provision of this Agreement to the contrary, the covenants,
agreements and commitments of VoteCo hereunder are only made by VoteCo and are applicable to the conduct of VoteCo and its Members and, in the case of Section 4.3, Section 6.11 and Section 6.12, the Holders, and
shall not impose any liability on any of VoteCo’s Affiliates or its and their respective Members, Holders, partners, members, equityholders, officers, managers, directors, employees, attorneys, accountants, agents, advisors and Representatives
(each, a “VoteCo Related Entity” and collectively, the “VoteCo Related Entities”), except to the extent of recourse to the Subject Shares in accordance with this Section 6.11 and
Section 6.12. 
  

	 	(b)	Notwithstanding any other provision of this Agreement to the contrary: 

  

	 	(i)	 no recourse under this Agreement shall be had against any VoteCo Related Entity, whether by the enforcement of
any 



  
 15 









	 	
assessment or by any legal or equitable proceeding or by virtue of any Applicable Law; other than, in the case of Section 4.3, Section 6.11 and Section 6.12,
the Holders and, in such cases, with recourse only to the Subject Shares; 

  

	 	(ii)	this Agreement may only be enforced against, and any claim or cause of action based upon, arising out of, or otherwise related to this Agreement may only be brought against, VoteCo, with full recourse to the Subject
Shares and, in the case of Section 4.3, Section 6.11 and Section 6.12, the Holders, in each case, with recourse only to the Subject Shares; and 


 

	 	(iii)	CEC agrees with, acknowledge and covenant to comply with the previous clauses (i) and (ii). 


(c) None of the VoteCo Related Entities shall have any liability or obligations (whether in contract, tort, equity or
otherwise) under this Agreement or for any claim based on, in respect of, or by reason of the transactions contemplated hereby, including with respect to any breaches of this Agreement, except to the extent (and only to the extent) of recourse to
the Subject Share in accordance with this Section 6.11 and Section 6.12. VoteCo acknowledges and agrees that the provisions of Section 1.3, Section 4.1, Section 4.3, Section 4.5
and Section 6.12 are intended to, and shall, impose liability on VoteCo, with full recourse to the Subject Shares, for any VA Breach, notwithstanding that the Members of VoteCo and the Holders have no liability for such actions or
omissions, except, in the case of any Holder, for breaches by such Holder of Section 4.3 or Section 6.12, in each case, with recourse only to the Subject Shares. 

(d) The limitations and provisions of this Section 6.11 shall apply to each 3PB in all respects in the same
manner as they apply to CEC. 
 6.12 Representations, Warranties and Agreements of the Holders. Without limiting the provisions of
Section 6.11 relating to lack of recourse other than to the Subject Shares, each of the Holders represents, warrants and agrees that: 

(a) The representations and warranties set forth in the second sentence of Section 2.1, Sections 2.2
through 2.4 and the last sentence of Section 2.5, in each case, as if such Holder were substituted for VoteCo are true and correct. 

(b) VoteCo has, and will continue to have throughout the Voting Period and thereafter as long as it has obligations under this
Agreement, as true and lawful proxy and attorney-in-fact for the applicable holders of the Subject Shares 

  
 16 








 
pursuant to the CAC Irrevocable Proxy and pursuant to this Section 6.12(a), the sole and irrevocable right and power (i) to direct and effect the sale, transfer or other
disposition of all or any part of the Subject Shares, (ii)(A) to transfer any or all of the Subject Shares and (B) to sell any or all of the Subject Shares and to apply any or all of the proceeds of such sale of the Subject Shares, in each case
of (A) and (B), to satisfy any finally determined liability or finally determined damages for a VA Breach, and that none of the foregoing will constitute a breach of the CAC Irrevocable Proxy; 

(c) VoteCo will not have any liability or obligation to any Holder in connection with the actions set forth in
Section 6.12(a) or Section 4.3(b) and such Holder will not have any claim to such Subject Shares or proceeds therefrom to the extent such Subject Shares or proceeds are used to satisfy any finally determined liability or
finally determined damages for a VA Breach; 
 (d) no action is required on the part of such Holder in order to
Transfer the Subject Shares in accordance with the foregoing and VoteCo is hereby authorized to execute and deliver on behalf of such Holder any instruments or agreements necessary to effectuate the foregoing; 

(e) all of the Subject Shares beneficially owned by such Holder are subject to all of the provisions of this Agreement and are
available to secure performance of this Agreement; 
 (f) any and all of the Subject Shares beneficially owned by such
Holder may be transferred or sold by VoteCo and the proceeds of such sale applied, to satisfy any finally determined liability or finally determined damages for a VA Breach; and 

(g) the CAC Irrevocable Proxy (A) is in full force and effect and constitutes the legal, valid and binding obligation of
such Holder, enforceable in accordance with its terms by VoteCo against such Holder, (B) has not been amended or terminated since it was entered into on October 21, 2013 (and no Release Event (as defined therein) has occurred or will occur
during the Voting Period) and (C) will not be amended or waived (in a manner that would reasonably be expected to materially delay, impair or restrict VoteCo’s ability to perform its obligations under this Agreement) or terminated prior to
the obtaining of the CAC Requisite Vote. 
 (h) This Section 6.12 is intended to benefit and may be enforced by
the VoteCo Related Entities and shall be binding on all successors and assigns of CEC and any 3PB. 
 6.13 Representations, Warranties
and Agreements of the Members. Without limiting the provisions of Section 6.11 relating to lack of recourse, each of the Members represents and warrants that it is not aware of any breach as of the date hereof of any of the
representations and warranties of VoteCo or the Holders set forth herein. 

  
 17 








 6.14 Counterparts. This Agreement may be executed in separate counterparts, each of which
shall be considered one and the same agreement and shall become effective when each of the parties has delivered a signed counterpart to the other party, it being understood that both parties need not sign the same counterpart. Delivery of an
executed signature page of this Agreement by facsimile transmission or electronic “.pdf” shall be effective as delivery of a manually executed counterpart hereof. 

6.15 Certain Definitions. 

(a) “beneficial ownership” by a Person of any securities includes ownership by any Person who, directly or
indirectly, through any contract, arrangement, understanding, relationship or otherwise, has or shares (i) voting power which includes the power to vote, or to direct the voting of, such security; and/or (ii) investment power which
includes the power to dispose, or to direct the disposition, of such security; and shall otherwise be interpreted in accordance with the term “beneficial ownership” as defined in Rule 13d-3 adopted by the SEC under the Exchange Act;
provided that a person shall be deemed to have beneficial ownership over any securities which may be acquired by such person pursuant to any contract, arrangement or understanding or upon the exercise of conversion rights, exchange rights, warrants
or options, or otherwise (irrespective of whether the right to acquire such securities is exercisable immediately or only after the passage of time, including the passage of time in excess of 60 days, the satisfaction of any conditions, the
occurrence of any event or any combination of the foregoing). The terms “beneficial owner,” “beneficially own,” “beneficially owned” and similar terms shall have a correlative meaning. 

(b) “Equity Interests” means any shares of CAC Common Stock or other equity interest in CAC, or any option,
warrant, right or security convertible, exchangeable or exercisable therefor or other instrument, obligation or right the value of which is based on any of the foregoing. 

(c) “Transfer” means any direct offer, sale, lease, assignment, encumbrance, pledge, hypothecation,
disposition, tender or other transfer (by merger, liquidation, dissolution, distribution, operation of Law or otherwise), either voluntary or involuntary, of any capital stock or interest in any capital stock, in whole or in part, in each case by
VoteCo or any Holder. 
 [Rest of page intentionally left blank]  

  
 18 








 IN WITNESS WHEREOF, each of the parties has caused this Agreement to be executed as of the date
first above written. 
  

			
	CAESARS ENTERTAINMENT CORPORATION
		
	By:	 	 /s/ Eric Hession

	Name:	 	Eric Hession
	Title:	 	CFO



  
 [Signature Page to CAC
Voting Agreement] 








  

			
	HAMLET HOLDINGS LLC
		
	By:	 	 /s/ Leon Black

	Name:	 	Leon Black, solely on behalf of VoteCo in
		 	his capacity as a Member
	Title:	 	Member
		
	By:	 	 /s/ David Bonderman

	Name:	 	David Bonderman, solely on behalf of
		 	VoteCo in his capacity as a Member
	Title:	 	Member
		
	By:	 	 /s/ James Coulter

	Name:	 	James Coulter, solely on behalf of VoteCo
		 	in his capacity as a Member
	Title:	 	Member
		
	By:	 	 /s/ Joshua Harris

	Name:	 	Joshua Harris, solely on behalf of VoteCo in
		 	his capacity as a Member
	Title:	 	Member
		
	By:	 	 /s/ Marc Rowan

	Name:	 	Marc Rowan, solely on behalf of VoteCo in
		 	his capacity as a Member
	Title:	 	Member



  
 [Signature Page to CAC
Voting Agreement] 








  

			
	APOLLO HAMLET HOLDINGS, LLC, solely for purposes of Section 6.12, Section 6.11 and Section 4.3
		
	By:	 	 /s/ Laurie D. Medley

	Name:	 	Laurie D. Medley
	Title:	 	Authorized Person
	
	APOLLO HAMLET HOLDINGS B, LLC, solely for purposes of Section 6.12, Section 6.11 and Section 4.3
		
	By:	 	 /s/ Laurie D. Medley

	Name:	 	Laurie D. Medley
	Title:	 	Authorized Person



  
 [Signature Page to CAC
Voting Agreement] 








 
			
	TPG HAMLET HOLDINGS, LLC, solely for purposes of Section 6.12, Section 6.11 and Section 4.3
		
	By:	 	 /s/ Clive Bode

	Name:	 	Clive Bode
	Title:	 	Vice President
	
	TPG HAMLET HOLDINGS B, LLC, solely for purposes of Section 6.12, Section 6.11 and Section 4.3
		
	By:	 	 /s/ Clive Bode

	Name:	 	Clive Bode
	Title:	 	Vice President



  
 [Signature Page to CAC
Voting Agreement] 








  

			
	CO-INVEST HAMLET HOLDINGS, SERIES LLC, solely for purposes of Section 6.12, Section 6.11 and Section 4.3
		
	By:	 	Its Managing Members


 
			
	
	 Apollo Management VI, L.P.
 on
behalf of affiliated investment funds

		
	By:	 	AIF VI Management, LLC,
	its general partner


 
			
		
	By:	 	 /s/ Laurie D. Medley

	Name:	 	Laurie D. Medley
	Title:	 	Vice President
	
	TPG GenPar V, L.P


 
			
		
	By:	 	TPG GenPar V Advisors, LLC


 
			
	its general partner
		
	By:	 	 /s/ Clive Bode

	Name:	 	Clive Bode
	Title:	 	Vice President


 
			
	
	CO-INVEST HAMLET HOLDINGS B, LLC, solely for purposes of Section 6.12, Section 6.11 and Section 4.3
		
	By:	 	Its Managing Members


 
			
	
	 Apollo Management VI, L.P.
 on
behalf of affiliated investment funds



 
			
		
	By:	 	AIF VI Management, LLC,


 
			
	its general partner
		
	By:	 	 /s/ Laurie D. Medley

	Name:	 	Laurie D. Medley
	Title:	 	Vice President
	
	TPG GenPar V, L.P


 
			
		
	By:	 	TPG GenPar V Advisors, LLC


 
			
	its general partner
		
	By:	 	 /s/ Clive Bode

	Name:	 	Clive Bode
	Title:	 	Vice President



  
 [Signature Page to CAC
Voting Agreement]