EX-10.1



 Exhibit 10.1 
 EXECUTION VERSION 
 FIRST AMENDMENT TO RESTRUCTURING SUPPORT
AGREEMENT 
 This FIRST AMENDMENT TO RESTRUCTURING SUPPORT AGREEMENT (this “Amendment”), dated as of
March 8, 2013, is by and among (i) Revel AC, Inc. (“Revel”), in its capacity as borrower under the 2012 Credit Agreement and the Term Loan Credit Agreement and issuer under the Indenture (each as defined in the RSA),
(ii) Revel AC, LLC, Revel Atlantic City, LLC, Revel Entertainment Group, LLC and NB Acquisition LLC, each in its capacity as a guarantor under the 2012 Credit Agreement, the Term Loan Credit Agreement, and the Indenture (the
“Guarantors” and, together with Revel, the “Company”), (iii) each of the undersigned creditors party to and/or a holder of, or the investment advisor or manager to a beneficial or legal holder or holders of
(and in such capacity having the power to bind such holder), certain indebtedness of Revel incurred under (A) the 2012 Credit Agreement (the “2012 Credit Agreement Consenting Lenders”), (B) the Term Loan Credit Agreement
(the “Term Loan Credit Agreement Consenting Lenders” and, together with the 2012 Credit Agreement Consenting Lenders, the “Consenting Lenders”), and (C) the Indenture (the “Consenting
Noteholders” and, together with the Consenting Lenders, the “Consenting Debtholders”) and (iv) JPMorgan Chase Bank, N.A. (“JPMorgan”), as the administrative agent and collateral agent (in such
capacities under each of the 2012 Credit Agreement and the Term Loan Credit Agreement, the “Administrative Agent”) (each of the foregoing, a “Party” and, collectively, the “Parties”). Capitalized
terms not herein defined shall have the meanings set forth in the RSA (as defined below). 
 RECITALS 

WHEREAS, the Company, the Consenting Debtholders and the Administrative Agent are party to that certain Restructuring Support
Agreement dated as of February 19, 2013 (as amended modified, or supplemented from time to time, the “RSA”); and 
 WHEREAS, the Company, the Consenting Debtholders and the Administrative Agent have agreed to amend the RSA in accordance with and subject to the terms and conditions set forth herein. 

AGREEMENT 
 NOW, THEREFORE, in consideration of the agreements hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Parties
hereto agree as follows: 
 1. Amendments to the RSA. 
 1.1 Section 2.03(a)(iii) of the RSA is hereby amended by deleting the reference to “March 8, 2013” and inserting in lieu thereof the date “March 22, 2013.” 

1.2 Section 6.0 l(i) of the RSA is hereby amended by deleting the reference to “March 8, 2013” and inserting in lieu
thereof the date “March 12, 2013.” 







 1.3 Section 6.01 (j) of the RSA is hereby amended by deleting the reference to
“March 15, 2013” and inserting in lieu thereof the date “March 22, 2013.” 
 1.4 Section 6.01 (1) of
the RSA is hereby amended by deleting the reference to “March 18, 2013” and inserting in lieu thereof the date “March 25, 2013.” 
 1.5 Section 6.01 (m) of the RSA is hereby amended by deleting the reference to “April 15, 2013” and inserting in lieu thereof the date “April 22, 2013.” 

1.6 Section 6.01 (n) of the RSA is hereby amended by deleting the reference to “May 15, 2013” and inserting in lieu
thereof the date “May 24, 2013.” 
 1.7 The sixth paragraph of the “Implementation of Restructuring and
Definitive Documentation” section of the Restructuring Term Sheet attached to the RSA as Exhibit 1 (the “Term Sheet”) is hereby replaced in its entirety with the following: 

Key Restructuring Support Agreement milestones to include: 

 

	 	•	 	 Agreed form of Disclosure Statement, Plan of Reorganization and other material definitive documents and commencement of solicitation of such plan to
occur no later than March 12, 2013; 


  

	 	•	 	 Petition Date to occur no later than March 22, 2013; 



 

	 	•	 	 Interim order authorizing the Debtors’ entry into the DIP Facility to occur no later than March 25, 2013; 



 

	 	•	 	 Final order authorizing the Debtors’ entry into the DIP Facility to occur no later than April 22, 2013; 



 

	 	•	 	 Combined hearing to consider approval of disclosure statement and confirmation of Plan of Reorganization to be obtained no later than May 22,
2013; 


  

	 	•	 	 Confirmation Order (as defined herein) to be entered no later than May 24, 2013; and 



 

	 	•	 	 Effective Date to occur no later than May 30, 2013 (the “Outside Date”), subject to extension for any required regulatory
approvals. 


 1.8 The first paragraph of the “Due Diligence” section of the Term Sheet is hereby
amended by deleting the references to “March 8, 2013” and inserting in lieu thereof the date “March 12, 2013.” 
 1.9 The first and last paragraphs of the “Board Members/Corporate Governance” section of the Term Sheet are hereby amended by deleting the references to “March 8, 2013” and inserting
in lieu thereof the date “March 12, 2013.” 

  
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 1.10 The second bullet point of the “Conditions Precedent to Closing” section of
the Term Sheet is hereby amended by deleting the references to “March 8, 2013” and inserting in lieu thereof the date “March 12, 2013.” 
 2. Effectiveness. In accordance with Section 9 of the RSA, this Amendment shall be effective and binding upon the Parties as of the date (the “Amendment Effective Date”) on
which: (i) the Company shall have executed and delivered counterpart signature pages of this Amendment to counsel to the Steering Committee, (ii) the Required Consenting Lenders shall have executed and delivered counterpart signature pages
of this Amendment to counsel to the Company and (iii) the Administrative Agent shall have executed and delivered counterpart signature pages of this Amendment to counsel to the Company 
 3. Effect Upon RSA. Except as specifically set forth herein, the RSA shall remain in full force and effect and is hereby ratified and confirmed. The Parties specifically acknowledge and agree that
the RSA, as hereby amended, is in full force and effect in accordance with its respective terms and has not been modified, except pursuant to this Amendment. This Amendment shall be binding upon and inure to the benefit of each of the parties hereto
and their respective successors and assigns. All references to the “RSA” shall mean and refer to the RSA, as modified by this Amendment. 
 4. Counterparts. This Amendment may be executed in one or more counterparts, each of which, when so executed, shall constitute the same instrument and the counterparts may be delivered by facsimile
transmission or by electronic mail in portable document format (.pdf). 
 5. Headings. The headings of the sections, paragraphs and
subsections of this Amendment are inserted for convenience only and shall not affect the interpretation hereof. 
 6. Governing Law. This
Amendment shall be governed by, and construed in accordance with, the laws of the State of New York, without regard to such state’s choice of law provisions which would require the application of the law of any other jurisdiction. 

  
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 IN WITNESS WHEREOF, the Parties have executed this Agreement on the day and year first above
written. 
  

			
	Revel AC, Inc.
		
	By:	 	 /s/ Dennis E. Stogsdill

	Name:	 	Dennis E. Stogsdill
	Title:	 	Chief Restructuring Officer
	
	Revel AC, LLC
	By: Revel AC, Inc., Its Sole Member
		
	By:	 	 /s/ Dennis E. Stogsdill

	Name:	 	Dennis E. Stogsdill
	Title:	 	Chief Restructuring Officer
	
	Revel Atlantic City, LLC
	By: Revel AC, LLC, Its Sole Member
		
	By:	 	 /s/ Dennis E. Stogsdill

	Name:	 	Dennis E. Stogsdill
	Title:	 	Chief Restructuring Officer
	
	Revel Entertainment Group, LLC
	By: Revel AC, LLC, Its Sole Member
		
	By:	 	 /s/ Dennis E. Stogsdill

	Name:	 	Dennis E. Stogsdill
	Title:	 	Chief Restructuring Officer
	
	NB Acquisition, LLC
	By: Revel Entertainment Group, LLC,
	Its Sole Member
		
	By:	 	 /s/ Dennis E. Stogsdill

	Name:	 	Dennis E. Stogsdill
	Title:	 	Chief Restructuring Officer


 Signature Page to First Amendment to Restructuring Support Agreement 







 [Consenting Debtholder Signature Pages Redacted] 

Signature Page to First Amendment to Restructuring Support Agreement 







 
			
	 JPMorgan Chase Bank, N.A., in its capacity
 as Administrative Agent under the Credit Agreements

		
	By:	 	 /s/ Susan E. Atkins

	Name:	 	Susan E. Atkins
	Title:	 	Managing Director


 Signature Page to First Amendment to Restructuring Support Agreement