Document:

EX-10.3

 Exhibit 10.3 
 DIRECTOR COMPENSATION SUMMARY 
 The annual retainer for the directors is
$25,000. Of this amount, $15,000 is paid in common shares of the Company. 
 In addition to the annual retainer, the directors
are also paid $700 per half day for each board meeting and $175 per hour for each committee meeting attended during the calendar year. Directors are entitled to receive compensation and reimbursement for expenses incurred in attending board or
committee meetings or when otherwise acting on our behalf. The chairman of the board, as well as the chairman of the audit committee, receive an additional annual retainer of $10,000. The chairmen of all other committees receive an additional
retainer of $5,000.EX-10.13

 Exhibit 10.13 
 ADDENDUM #5 TO THE 
 CAPTIVE INSURANCE COMPANY MANAGEMENT SERVICES

 AGREEMENT 
 BETWEEN 
 CEDAR MANAGEMENT LIMITED (“MANAGER”) 

AND 

AMERINST INSURANCE COMPANY, LTD. (“COMPANY”) 
 EFFECTIVE: January 1, 2013 
 Management Agreement Addendum 

 

	 	1)	It is hereby agreed that the COMPANY will compensate MANAGER at a rate of $320,000 for the twelve months beginning 1/1/13 and ending 12/31/13, which shall be inclusive
of all work by MANAGER on run-off of CAMICO and PDIC treaties as well as continuing business from Crum & Forster. 

  

	 	2)	Cause the above fee to be paid in quarterly installments in advance at the beginning of each calendar quarter. 

 

	 	3)	Reimburse MANAGER for reasonable out-of-pocket expenses incurred during the management of the COMPANY including; courier and express mail service; long distance
telephone calls; travel and meeting expenses incurred at the request of the COMPANY; costs of COMPANY stationery; filing fees; and similar expenses. 

  

	 	4)	MANAGER will continue to provide COMPANY with monthly time summaries. 

 COMPANY agrees that special projects will be invoiced separately at agreed upon fees or rates. 

IN WITNESS WHEREOF, the parties have duly executed this Addendum this 28th day of February, 2013. 

 

			
	 By:
	 	 /S/ THOMAS R.
MCMAHON

		 	Cedar Management Limited (itself and on behalf of its affiliated companies)
		
	 By:
	 	 /S/ STUART H. GRAYSTON

		 	AmerInst Insurance Company, Ltd.EX-4.1

 Exhibit 4.1 
 SUPPLEMENTAL INDENTURE 
 SUPPLEMENTAL INDENTURE (this “Supplemental
Indenture”) dated as of March 27, 2013, between CAESARS ENTERTAINMENT OPERATING COMPANY, INC., a Delaware corporation (the “New Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee
under the indenture referred to below (the “Trustee”). 
 W I T N E S S E T H : 

WHEREAS CAESARS OPERATING ESCROW LLC, a Delaware limited liability company, CAESARS ESCROW CORPORATION, a Delaware corporation (together,
the “Escrow Issuer”) and CAESARS ENTERTAINMENT CORPORATION, a Delaware corporation (the “Parent Guarantor”) have heretofore executed and delivered to the Trustee an indenture (as amended, supplemented or otherwise
modified, the “Indenture”) dated as of February 15, 2013, providing for the issuance of the Escrow Issuer’s 9% Senior Secured Notes due 2020 (the “Notes”), initially in the aggregate principal amount of
$1,500,000,000; 
 WHEREAS Section 14.01 of the Indenture provides that the New Issuer may execute and deliver to the
Trustee a supplemental indenture pursuant to which the New Issuer shall unconditionally assume all the Escrow Issuer’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein; and 

WHEREAS pursuant to Section 9.01 of the Indenture, the Trustee, the New Issuer and the Parent Guarantor are authorized to execute
and deliver this Supplemental Indenture; 
 NOW THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the New Issuer, the Parent Guarantor, the Escrow Issuer and the Trustee mutually covenant and agree for the equal and ratable benefit of the holders of the Notes as follows: 

1. Defined Terms. As used in this Supplemental Indenture, terms defined in the Indenture or in the preamble or recital hereto are
used herein as therein defined, except that the term “holders” in this Supplemental Indenture shall refer to the term “holders” as defined in the Indenture and the Trustee acting on behalf of and for the benefit of
such holders. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any
particular section hereof. 
 2. Agreement to Assume Obligations. The New Issuer hereby agrees to unconditionally assume
the Issuer’s Obligations under the Notes and the Indenture on the terms and subject to the conditions set forth in Article XIV of the Indenture and to be bound by all other applicable provisions of the Indenture and the Notes and to perform all
of the obligations and agreements of the Issuer under the Indenture. 
 3. Notices. All notices or other communications
to the New Issuer shall be given as provided in Section 13.02 of the Indenture. 
 4. Ratification of Indenture;
Supplemental Indenture Part of Indenture. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental
Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 

  
 1 

 5. Release of Obligations of Escrow Issuer. Upon execution of this Supplemental
Indenture by the New Issuer, the Parent Guarantor and the Trustee, the Escrow Issuer is released and discharged from all obligations under the Indenture and the Notes. 
 6. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.

 7. Trustee Makes No Representation. The Trustee makes no representation as to the validity or sufficiency of this
Supplemental Indenture. 
 8. Counterparts. The parties may sign any number of copies of this Supplemental Indenture.
Each signed copy shall be an original, but all of them together represent the same agreement. 
 9. Effect of Headings.
The Section headings herein are for convenience only and shall not effect the construction thereof. 

  
 2 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed as of the date first above written. 
  

			
	CAESARS ENTERTAINMENT OPERATING COMPANY, INC.
		
	By:	 	/s/ ERIC HESSION
		 	Name: Eric Hession
		 	Title: Senior Vice President and Treasurer
	
	U.S. BANK NATIONAL ASSOCIATION,
	as Trustee
		
	By:	 	/s/ RAYMOND S. HAVERSTOCK
		 	Name: Raymond S. Haverstock
		 	Title: Vice President

  
 3 

			
	Acknowledged by:
	
	CAESARS OPERATING ESCROW LLC
		
	By:	 	/s/ MICHAEL D. COHEN
		 	Name: Michael D. Cohen
		 	Title: Secretary
	
	CAESARS ESCROW CORPORATION
		
	By:	 	/s/ MICHAEL D. COHEN
		 	Name: Michael D. Cohen
		 	Title: Secretary

  
 4EX-4.2

 Exhibit 4.2 
 Registration Rights Agreement Joinder 
 March 27, 2013

 WHEREAS, Caesars Operating Escrow LLC (“Escrow LLC”), Caesars Escrow Corporation (“Escrow
Corporation” and, together with Escrow LLC, the “Issuers”), Caesars Entertainment Corporation (“Parent Guarantor”) and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representative (the
“Representative”) of the several Initial Purchasers heretofore executed and delivered a Registration Rights Agreement (the “Registration Rights Agreement”), dated February 15, 2013, providing for the
registration of notes substantially similar to the Notes (as defined therein) (capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to such terms in the Registration Rights Agreement); 

WHEREAS, as a condition to the release of the proceeds from the sale of the Notes from escrow, Caesars Entertainment Operating Company,
Inc. (the “Company”) has agreed to assume all obligations of the Issuers under the Notes and the Indenture and become the successor obligor of the Notes in all respects, pursuant to the CEOC Assumption; and 

WHEREAS, the Company has agreed to become party to the Registration Rights Agreement upon the consummation of the CEOC Assumption.

 NOW, THEREFORE, the Company hereby agrees for the benefit of the Initial Purchasers, as follows: 

1. Joinder. The Company hereby acknowledges that it has received and reviewed a copy of the Registration Rights Agreement and all
other documents it deems fit to enter into this joinder agreement (the “Registration Rights Agreement Joinder”), and acknowledges and agrees to (i) join and become a party to the Registration Rights Agreement as indicated by
its signature below; (ii) be bound by all covenants, agreements, representations, warranties, indemnities and acknowledgments attributable to the Company in the Registration Rights Agreement as if the Company was a party thereto as of the date
of the Registration Rights Agreement; and (iii) perform all obligations and duties required and be entitled to all the benefits of the Company pursuant to the Registration Rights Agreement. 

2. Representations and Warranties and Agreements of the Company. The Company hereby represents and warrants to and agrees with the
Initial Purchasers that it has all the requisite corporate power and authority to execute, deliver and perform its obligations under this Registration Rights Agreement Joinder and to consummate the transactions contemplated hereby and under the
Registration Rights Agreement. 
 3. Release of Obligations of Escrow Issuers. Upon execution of this Registration Rights
Agreement Joinder by the Company and the Representative, the Issuers are hereby released and discharged from all obligations under the Registration Rights Agreement. 

 4. Counterparts. This Registration Rights Agreement Joinder may be signed in one or
more counterparts (which may be delivered in original form or via facsimile), each of which shall constitute an original when so executed and delivered and all of which together shall constitute one and the same agreement. 

5. Amendments. No amendment or waiver of any provision of this Registration Rights Agreement Joinder, nor any consent or approval
to any departure therefrom, shall in any event be effective unless the same shall be in writing and signed by the parties to the Registration Rights Agreement. 
 6. Headings. The section headings used herein are for convenience only and shall not affect the construction hereof. 
 7. APPLICABLE LAW. THE VALIDITY AND INTERPRETATION OF THIS JOINDER AGREEMENT, AND THE TERMS AND CONDITIONS SET FORTH HEREIN, SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK. 
 [Signature Pages Follow] 

  

 IN WITNESS WHEREOF, the undersigned has executed this agreement this 27th day of March,
2013. 
  

			
	CAESARS ENTERTAINMENT OPERATING COMPANY, INC.
		
	By:	 	/s/ ERIC HESSION
		 	Name: Eric Hession
		 	Title: Senior Vice President and Treasurer

  
 [Signature
page to Joinder to Registration Rights Agreement] 

 The foregoing Registration Rights Agreement Joinder is hereby 

confirmed and accepted as of the date first above written, 
  

			
	MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
		
	By:	 	/s/ DANIEL KELLY
	Name: Daniel Kelly
	Title: Managing Director

 For itself and as Representative of the other Initial Purchasers 

  
 [Signature
page to Joinder to Registration Rights Agreement]

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