Document:

EX-10.3

 Exhibit 10.3 

REGISTRATION RIGHTS AGREEMENT 

This REGISTRATION RIGHTS AGREEMENT, dated as of October     , 2013, is entered into by and among Caesars Acquisition
Company, a Delaware corporation (the “Company”), Caesars Growth Partners, LLC, a Delaware limited liability company (the “Operating LLC”), the holders listed on Schedule I hereto (each an “Unit
Holder” and, collectively, the “Unit Holders”) and the holders listed on Schedule II hereto (each a “Stockholder” and, collectively, the “Stockholders”). 

RECITALS 
 WHEREAS, Caesars
Entertainment Corporation has distributed to its holders of shares of common stock subscription rights (the “Subscription Rights”) to purchase shares of voting common stock of the Company, par value $0.001 per share (the
“Class A Common Stock”) at a price of $8.64 per whole share (the “Rights Offering”); 
 WHEREAS, on
the date hereof, each Sponsor exercised its Subscription Rights and received                 shares of Class A Common Stock by way of direct registration in
book-entry form; 
 WHEREAS, with the proceeds of such transaction, the Company acquired         
voting units of membership interests in the Operating LLC (the “Class A Units”) and was admitted as a member of the Operating LLC; 

WHEREAS, on the date hereof, the Unit Holders (or certain related parties) contributed certain assets to the Operating LLC (the
“Contribution Transactions”), in exchange for non-voting units of membership interests in the Operating LLC (the “Class B Units”) and were admitted as members of the Operating LLC; 

WHEREAS, pursuant to the LLC Agreement (as defined below) on or after the date that is the fifth (5th) anniversary of the date hereof, the Class B Units will be exchangeable, at the election of the Unit Holders, for an equivalent amount of shares of non-voting common stock of the Company, par
value $0.001 per share (the “Class B Common Stock”), upon the terms and subject to the conditions contained therein; 

WHEREAS, upon effectiveness of the Rights Offering and expiration of the exercise period under the Rights Offering, the Co-Investment Entities
will be acquiring                  shares of Class A Common Stock and with the proceeds of such contribution, the Company will acquire
         additional Class A Units; and 
 WHEREAS, as a condition to subscribing the shares of
Class A Common Stock by certain Stockholders and receiving the consent of the Unit Holders to the Contribution Transactions, the Company has agreed to grant to the Stockholders, the Unit Holders and their respective permitted assignees and
transferees the registration rights set forth in Article II hereof. 
 NOW, THEREFORE, in consideration of the premises and the mutual
agreements herein contained, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

 ARTICLE I  

DEFINITIONS 
 SECTION 1.1.
Definitions. In addition to the definitions set forth above, the following terms, as used herein, have the following meanings: 

“Affiliate” of any particular Person means any other Person directly or indirectly controlling, controlled by or under common
control with such Person. 
 “Agreement” means this Registration Rights Agreement, as it may be amended, supplemented or
restated from time to time. 
 “Apollo” means Apollo Hamlet Holdings, LLC, Apollo Hamlet Holdings B, LLC and any Affiliate
thereof investing directly or indirectly in the Company. 
 “Business Day” means any day except a Saturday, Sunday or other
day on which commercial banks in The City of New York are authorized by law to close. 
 “Co-Investment Entities” means
Co-Invest Hamlet Holdings B, LLC, a Delaware limited liability company, and Co-Invest Hamlet Holdings, Series LLC, a Delaware series limited liability company. 

“Commission” means the Securities and Exchange Commission. 

“Company Shares” means the Class A Common Stock and the Class B Common Stock. 

“Company Shares Equivalents” means securities (including, without limitation, warrants) exercisable, exchangeable or
convertible into Company Shares. 
 “Demand Registration” means a Demand Registration as defined in Section 2.2. 

“Effectiveness Period” means an Effectiveness Period as defined in Section 2.1(b). 

“End of Suspension Notice” means an End of Suspension Notice as defined in Section 2.5. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 “Exchangeable Class B Units” means Class B Units which, on or after the fifth (5th) anniversary of the date hereof, will be exchangeable, at the election of the Unit Holders, for an equivalent amount of Class B Common Stock pursuant to Section 7.4 of the LLC Agreement.

 “FINRA” means Financial Industry Regulatory Authority, Inc. 

“Holder” means any Stockholder or any Unit Holder who is the record or beneficial owner of any Registrable Security or any
assignee or transferee of such Registrable Security (including assignments or transfers of Registrable Securities to such assignees or transferees as a result of the foreclosure on any loans secured by such Registrable Securities) to the extent
(a) permitted under the LLC Agreement or the Company’s Articles of Incorporation and (b) such assignee or transferee agrees in writing to be bound by all the provisions hereof, unless such Registrable Security is acquired in a public
distribution pursuant to a registration statement under the Securities Act or pursuant to transactions exempt from registration under the Securities Act and in either case where securities sold in such transaction may be resold without subsequent
registration under the Securities Act. 

  
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 “Indemnified Party” means an Indemnified Party as defined in Section 2.10.

 “Indemnifying Party” means an Indemnifying Party as defined in Section 2.10. 

“Inspector” means an Inspector as defined in Section 2.6. 

“Issuer Shelf Registration Statement” means an Issuer Shelf Registration Statement as defined in Section 2.1(b). 

“LLC Agreement” means the Amended and Restated Limited Liability Company Agreement of Caesars Growth Partners, LLC, dated as
of October     , 2013, as the same may be amended, modified or restated from time to time. 
 “Notice and
Questionnaire” means a written notice, substantially in the form attached as Exhibit A, delivered by a Holder to the Company (i) notifying the Company of such Holder’s desire to include Registrable Securities held by it in
a Shelf Registration Statement, (ii) containing all information about such Holder required to be included in such Shelf Registration Statement in accordance with applicable law, including Item 507 of Regulation S-K promulgated under the
Securities Act, as amended from time to time, or any similar successor rule thereto, and (iii) pursuant to which such Holder agrees to be bound by the terms and conditions hereof. 

“Original Class B Registrable Securities” means
                 shares of Class B Common Stock and any additional securities that may be issued or distributed or be issuable in respect of any such shares of Class B
Common Stock by way of conversion, dividend, stock-split or other distribution or exchange, merger, consolidation, exchange, recapitalization or reclassification or similar transactions. 

“Person” means an individual or a corporation, partnership, limited liability company, association, trust, or any other
entity or organization, including a government or political subdivision or an agency or instrumentality thereof. 
 “Piggy-Back
Registration” means a Piggy-Back Registration as defined in Section 2.3. 
 “Records” means Records as
defined in Section 2.6. 
 “Registrable Securities” means any Company Shares (including any issuable or issued upon
exercise, exchange or conversion of any Company Share Equivalents) at any time owned, either of record or beneficially, by any Holder and issued or, with respect shares of Class B Common Stock only, issuable upon exchange of Exchangeable Class B
Units received by such Holder and any additional securities that may be issued or distributed or be issuable in respect of any Company Shares by way of conversion, dividend, stock-split, distribution or exchange, merger, consolidation, exchange,
recapitalization or reclassification or similar transactions until (i) a registration statement covering such shares has been declared effective by the Commission and such shares have been disposed of pursuant to such effective registration
statement, (ii) such shares have been publicly sold under Rule 144 or (iii) such shares have been otherwise transferred in a transaction that constitutes a sale thereof under the Securities Act, the Company has delivered to the
Holder’s transferee a new certificate or other evidence of ownership for such shares not bearing the Securities Act restricted stock legend and such shares may be resold or otherwise transferred by such transferee without subsequent
registration under the Securities Act. 

  
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 “Registration Expenses” means Registration Expenses as defined in
Section 2.7. 
 “Representatives” means, with respect to any Person, any of such Person’s officers, directors,
employees, agents, attorneys, accountants, actuaries, consultants, equity financing partners or financial advisors or other Person associated with, or acting on behalf of, such Person. 

“Requested Shares” means Requested Shares as defined in Section 2.1. 

“Restricted Shares” means shares of Class B Common Stock issued under an Issuer Shelf Registration Statement which if sold by
the holder thereof would constitute “restricted securities” as defined under Rule 144. 
 “Rule 144” means Rule
144 promulgated under the Securities Act, as amended from time to time, or any similar successor rule thereto that may be promulgated by the Commission. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. 

“Selling Holder” means a Holder who is selling Registrable Securities pursuant to a registration statement under the
Securities Act pursuant to the terms hereof. 
 “Shelf Registration Statement” means a Shelf Registration Statement as
defined in Section 2.1. 
 “Sponsor(s)” means either Apollo or TPG, and together, Apollo and TPG. 

“Suspension Event” means a Suspension Event as defined in Section 2.5. 

“Suspension Notice” means a Suspension Notice as defined in Section 2.5. 

“TPG” means, collectively, TPG Hamlet Holdings, LLC, TPG Hamlet Holdings B, LLC and their respective Affiliates thereof
investing directly or indirectly in the Company. 
 “Underwriter” means a securities dealer who purchases any Registrable
Securities as principal and not as part of such dealer’s market-making activities. 
 ARTICLE II 

REGISTRATION RIGHTS 

SECTION 2.1. Shelf Registration. 

(a) Preparation and Filing of Shelf Registration Statement. (i) As promptly as practicable, following a request as may be made
from time to time by a Sponsor or the Sponsors with respect to their Registrable Securities, or (ii) following the date that is the fifth (5th) anniversary of the date hereof, promptly
following a request as may be made from time to time by a Unit Holder or Unit Holders with respect to their Registrable Securities, the Company shall (x) prepare and file a “shelf” registration statement with respect to the resale of
the number of Registrable Securities specified by, and in accordance with the methods of distribution elected by, the Sponsor(s) and/or the Unit Holder(s), as applicable, on an appropriate form for the offering and subsequent resale thereof, to be
made on a delayed or continuous basis pursuant to Rule 415 under the Securities Act (the “Shelf Registration Statement”), and (y) use its commercially reasonable efforts to cause the Shelf Registration Statement to be declared
effective by the Commission as promptly as reasonably practicable thereafter; provided, that if a Sponsor 

  
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makes a request pursuant to this Section 2.1(a)(i) to file a Shelf Registration Statement and the other Sponsor did not join in such request, the Company shall promptly (and, in any event,
within five (5) Business Days) notify the other Sponsor and each other Stockholder upon receipt of such request or any request by a Sponsor to increase the number of Registrable Securities registered on such Shelf Registration Statement
pursuant to this Section 2.1(a) and specify the Sponsor Shelf Registration Amount (as defined below); and, provided, further, that if a Unit Holder makes a request pursuant to this Section 2.1(a)(ii) to file a Shelf
Registration Statement and the other Unit Holder(s) (if any) did not join in such request, the Company shall promptly (and, in any event, within five (5) Business Days) notify the other Unit Holder(s) upon receipt of such request or any request
by a Unit Holder to increase the number of Registrable Securities registered on such Shelf Registration Statement pursuant to this Section 2.1(a). No later than ten (10) Business Days after the receipt of any notice given pursuant to the
immediately prior sentence, each Sponsor, each other Stockholder or each Unit Holder (if after the fifth (5th) anniversary of the date hereof) shall have the right to (and with respect to the
Co-Investment Entities, to the extent required pursuant to the piggyback obligations in the operating agreement of such Co-Investment Entity shall elect its right to participate) include in such registration up to each of their respective pro
rata portion of their respective Registrable Securities by notifying the Company in writing of the number of its Registrable Securities (if any) that such Sponsor or Unit Holder is requesting to be registered on such Shelf Registration
Statement. The Company shall include in the Shelf Registration Statement the number of Registrable Securities for which the Company receives written notice in accordance with this Section 2.1(a). At any time prior to or after the filing of an
applicable Shelf Registration Statement, any of the Sponsors or the Unit Holders may request that the number of its Registrable Securities (if any) previously requested to be registered on such Shelf Registration Statement be increased to a larger
number of its Registrable Securities and the Company shall thereafter use its commercially reasonable efforts to effect such increase for such Shelf Registration Statement as promptly as practicable thereafter. The aggregate number of Registrable
Securities that the Sponsors request to be so registered on such Shelf Registration Statement (as increased from time to time at the election of either of the Sponsors pursuant to the immediately foregoing sentence) shall be referred to in this
Section 2.1 as the “Sponsor Shelf Registration Amount.” The Company shall use its commercially reasonable efforts to keep such Shelf Registration Statement continuously effective for a period ending when all Company Shares
covered by the Shelf Registration Statement are no longer Registrable Securities or the date as of which each of the Stockholders is permitted to sell its Registrable Securities without Registration pursuant to Rule 144 under the Securities Act
without volume limitation or other restrictions on transfer thereunder. 
 (b) At the time the Shelf Registration Statement is declared
effective, each Holder that has delivered a duly completed and executed Notice and Questionnaire to the Company on or prior to the date ten (10) Business Days prior to such time of effectiveness shall be named as a Selling Holder in the Shelf
Registration Statement and the related prospectus in such a manner as to permit such Holder to deliver such prospectus to purchasers of Registrable Securities in accordance with applicable law. If required by applicable law, subject to the terms and
conditions hereof, after effectiveness of the Shelf Registration Statement, the Company shall file a supplement to such prospectus or amendment to the Shelf Registration Statement not less frequently than once a quarter as necessary to name as
Selling Holders therein any Holders that provide to the Company a duly completed and executed Notice and Questionnaire and shall use commercially reasonable efforts to cause any post-effective amendment to such Shelf Registration Statement filed for
such purpose to be declared effective by the Commission as promptly as reasonably practicable after the filing thereof. 
 (c) The Company
may, at its option, prior to satisfying its obligation to prepare and file a Shelf Registration Statement pursuant to Section 2.1(a) with respect to shares of Class B Common Stock issuable upon exchange of Exchangeable Class B Units, prepare
and file with the Commission a registration statement on an appropriate form for an offering to be made on a delayed or continuous basis 

  
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pursuant to Rule 415 (an “Issuer Shelf Registration Statement”) providing for (i) the issuance by the Company, from time to time, to the Unit Holders of such Exchangeable
Class B Units, of shares of Class B Common Stock registered under the Securities Act and (ii) to the extent those shares of Class B Common Stock issued pursuant to this Section 2.1(c)(i) constitute Restricted Shares, the registered resale
thereof by their Unit Holders from time to time in accordance with the methods of distribution elected by the Unit Holders and set forth therein (but except as provided in Section 2.1(d) below, not an underwritten offering). The Company shall
use its commercially reasonable efforts to cause the Issuer Shelf Registration Statement to be declared effective by the Commission as promptly as reasonably practicable after filing thereof and, subject to Sections 2.1(e) and 2.5, to keep the
Issuer Shelf Registration Statement continuously effective for a period (the “Effectiveness Period”) expiring on the date all of the shares of Class B Common Stock covered by such Issuer Shelf Registration Statement have been issued
by the Company pursuant thereto or are no longer Registrable Securities. If the Company shall exercise its rights under this Section 2.1(c), Unit Holders (other than Unit Holders of Restricted Shares) shall have no right to have shares of Class
B Common Stock issued or issuable upon exchange of Exchangeable Class B Units included in a Shelf Registration Statement pursuant to Section 2.1(a), except to the extent that the Company has breached its obligations under this
Section 2.1(c). 
 (d) Underwritten Shelf Registration. If (i) a Sponsor so elects, or (ii) the Unit Holders of 25% of
the Original Class B Registrable Securities to be registered pursuant to the Shelf Registration Statement so elect, by written notice to the Company, the offering of such Registrable Securities pursuant to such Shelf Registration Statement shall be
in the form of an underwritten offering; provided, that the Company shall not be obligated to effect more than five (5) underwritten offerings under this Section 2.1(d) with respect to Company Shares of any one particular class; and
provided, further, that the Company shall not be obligated to effect, or take any action to effect, an underwritten offering (i) within ninety (90) days following the last date on which an underwritten offering was effected
pursuant to this Section 2.1(d) or Section 2.2(a) or during any lock-up period required by the Underwriters in any prior underwritten offering conducted by the Company on its own behalf or on behalf of selling stockholders, or
(ii) during the period commencing with the date thirty (30) days prior to the Company’s good faith estimate of the date of filing of, and ending on a date ninety (90) days after the effective date of, a registration statement
with respect to an offering by the Company. The Sponsor if the election was made by the Sponsor, or the Unit Holders of a majority of the Requested Shares if the election was made by the Unit Holders of 25% of the Original Class B Registrable
Securities, shall select the Underwriter or Underwriters to serve as book-running manager or managers in connection with any such offering; provided that such managing Underwriter or Underwriters must be reasonably satisfactory to the Company
and, if the election was made by a Sponsor, such managing Underwriter or Underwriters must also be reasonably satisfactory to the other Sponsor. The Company may select any additional investment banks and managers to be used in connection with the
offering; provided that such additional investment bankers and managers must be reasonably satisfactory to the Sponsor or the Unit Holders of a majority of the Requested Shares, as applicable. Each Sponsor, each other Stockholder or each Unit
Holder (if after the fifth (5th) anniversary of the date hereof) shall have the right to (and with respect to the Co-Investment Entities, to the extent required pursuant to the piggyback
obligations in the operating agreement of such Co-Investment Entity shall elect its right to participate) include in such offering up to each of their respective pro rata portion of their respective Registrable Securities in the manner
described in Section 2.1(a). 
 (e) Filing of Additional Registration Statements. The Company shall prepare and file such
additional registration statements as necessary every three (3) years (or such other period that may be applicable under the rules and regulations promulgated pursuant to the Securities Act) and use its commercially reasonable efforts to cause
such registration statements to be declared effective by the Commission so that the registration statement remains continuously effective with respect to resales of 

  
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Registrable Securities as of and for the periods required under Section 2.1(b) or (c), as applicable, such subsequent registration statements to constitute a Shelf Registration Statement, as
the case may be, hereunder. 
 (f) Selling Holders Become Party to Agreement. Each Holder acknowledges that by participating in its
registration rights pursuant to this Agreement, such Holder will be deemed a party to this Agreement and will be bound by its terms, notwithstanding such Holder’s failure to deliver a Notice and Questionnaire; provided, that any Holder
that has not delivered a duly completed and executed Notice and Questionnaire shall not be entitled to be named as a Selling Holder in, or have the Registrable Securities held by it covered by, a Shelf Registration Statement. 

SECTION 2.2. Demand Registration. 

(a) Request for Registration. (i) As promptly as practicable, a Sponsor or the Sponsors, or (ii) at any time on or after the
date that is the fifth (5th) anniversary of the date hereof, the majority in interest of the Unit Holders of Registrable Securities, in the event that the Company fails to file, has not filed
or if filed fails to maintain the effectiveness of, a Shelf Registration Statement then, in addition to any other remedies such Holders may have, at law or in equity, with respect to the applicable class of Company Shares, in each case, may make a
written request to the Company for registration under the Securities Act of all or part of their Registrable Securities (a “Demand Registration”); provided, that if and so long as a Shelf Registration Statement is on file and
effective with respect to the applicable class of Company Shares, then the Company shall have no obligation to effect a Demand Registration for such class. The Company shall prepare and file a registration statement on an appropriate form with
respect to any Demand Registration (the “Demand Registration Statement”) and shall use its commercially reasonable efforts to cause the Demand Registration Statement to be declared effective by the Commission as promptly as
reasonably practicable after the filing thereof and the Company shall use its commercially reasonable efforts to keep such Demand Registration Statement effective for a period ending when all Company Shares covered by the Demand Registration
Statement are no longer Registrable Securities or the date as of which each of the Stockholders is permitted to sell its Registrable Securities without Registration pursuant to Rule 144 under the Securities Act without volume limitation or other
restrictions on transfer thereunder. The number of Demand Registrations which may be made pursuant to this Section 2.2(a) shall be unlimited. Any request for a Demand Registration will specify the number of shares of Registrable Securities
proposed to be sold and will also specify the intended method of disposition thereof. The Company shall have the opportunity to register such number of Company Shares as it may elect on the Demand Registration Statement and as part of the same
underwritten offering in connection with a Demand Registration (a “Company Piggy-Back Registration”). Unless the Sponsor or Sponsors or the a majority in interest of the Unit Holders participating in such Demand Registration, as
applicable, shall consent in writing, no party, other than the Company, shall be permitted to offer securities in connection with any such Demand Registration. Each of the Sponsors or the Unit Holders that has requested its Registrable Securities be
included in a Demand Registration pursuant to this Section 2.2(a) may withdraw all or any portion of its Registrable Securities from a Demand Registration at any time prior to the effectiveness of the applicable Demand Registration Statement.
Upon receipt of a notice to such effect from the Sponsor(s) or the Unit Holders, as applicable, with respect to all of its Registrable Securities, the Company shall cease all efforts to secure effectiveness of the applicable Demand Registration
Statement. In addition, if the Company receives a Demand Registration and the Company is then in the process of engaging in a Company Public Sale, the Company shall inform the Sponsor(s) and/or the Unit Holders, as applicable, of the Company’s
intention to engage in a Company Public Sale and may require the Sponsor(s) and/or the Unit Holders, as applicable, to withdraw such request for registration for a period of up to 120 days so that the Company may complete the Company Public Sale. In
the event that the Company ceases to pursue such Company Public Sale, it shall promptly inform the Sponsor(s) and/or the Unit Holders, as applicable, and the Sponsor(s) and/or the Unit Holders, as applicable, shall be permitted to submit a new
request for registration. 

  
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 (b) Effective Registration. A registration will not count as a Demand Registration until
it has become effective. 
 (c) Selling Holders Become Party to Agreement. Each Holder acknowledges that by asserting or
participating in its registration rights pursuant to this Agreement, such Holder may become a Selling Holder and thereby will be deemed a party to this Agreement and will be bound by each of its terms. 

(d) Underwritten Demand Registrations. If (i) a Sponsor so elects, or (ii) the Unit Holders of 25% of the Original Class B
Registrable Securities to be registered in a Demand Registration so elect, by written notice to the Company, the offering of such Registrable Securities pursuant to such Demand Registration shall be in the form of an underwritten offering. The
Sponsor if the election was made by the Sponsor, or the Unit Holders of a majority of the shares participating in a Demand Registration if the election was made by Unit Holders of 25% of the Original Class B Registrable Securities, shall select the
Underwriter or Underwriters to serve as book-running manager or managers in connection with any such Demand Registration; provided that such managing Underwriter or Underwriters must be reasonably satisfactory to the Company and, if the
election was made by a Sponsor, such managing Underwriter or Underwriters must also be reasonably satisfactory to the other Sponsor. The Company may select any additional investment banks and managers to be used in connection with the offering;
provided that such additional investment bankers and managers must be reasonably satisfactory to the Sponsor or the Unit Holders of a majority of the shares of the Registrable Securities participating in the Demand Registration, as
applicable. 
 (e) Co-Investment Entities’ Rights. The Co-Investment Entities shall be entitled to participate in any request
for registration subject to the terms and conditions set forth in Section 2.3. 
 SECTION 2.3. Piggy-Back Registration. If the
Company proposes to file a registration statement under the Securities Act with respect to any offering of its Company Shares for its own account or for the account of any of its respective securityholders (other than (a) any registration
statement filed by the Company under the Securities Act relating to an offering of Class B Common Stock for its own account as a result of the exercise of the exchange rights set forth in Section 7.4 of the LLC Agreement, (b) any
registration statement filed in connection with a demand registration other than a Demand Registration under this Agreement, (c) a registration statement on Form S-4 or S-8 (or any substitute form that may be adopted by the Commission),
(d) a registration statement filed in connection with an exchange offer or offering of securities solely to the Company’s existing securityholders, (e) a registration incidental to an issuance of debt securities under Rule 144A, or
(f) a registration of securities solely relating to an offering and sale to employees or directors of the Company pursuant to any employee stock plan or other employee benefit plan arrangement, a dividend reinvestment plan, or a merger or
consolidation) (a “Company Public Sale”), then the Company shall give written notice of such proposed filing to the Holders of Registrable Securities of the class of Company Shares so proposed to be registered by the Company as soon
as practicable (but in no event less than ten (10) days before the anticipated filing date), and such notice shall offer such Holders the opportunity to register such number of shares of Registrable Securities of such class as each such Holder
may request (a “Piggy-Back Registration”); provided, that if and so long as a Shelf Registration Statement is on file and effective with respect to Company Shares of such class, then the Company shall have no obligation to
effect a Piggy-Back Registration of Company Shares of such class; provided, further, that the Co-Investment Entities shall only have such rights to Piggyback Registration with respect to a Company Public Sale in which a

  
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Sponsor is participating as a selling stockholder. Subject to Section 2.4, the Company shall include in such registration statement all such Registrable Securities that are requested to be
included therein within fifteen (15) days after the receipt by such Stockholders of any such notice (or ten (10) Business Days in the case of a notice pursuant to a Shelf Registration Statement) (and, with respect to the Co-Investment
Entities, such Co-Investment entities shall elect to include Registrable Securities to the extent required pursuant to the piggyback obligations in the operating agreement of such Co-Investment Entity); provided, that if at any time after
giving written notice of its intention to register any securities and prior to the effective date of the registration statement filed in connection with such registration, the Company shall determine for any reason not to register or to delay
registration of such securities, the Company shall give written notice of such determination to each Stockholder and, thereupon, (i) in the case of a determination not to register, shall be relieved of its obligation to register any Registrable
Securities in connection with such registration (but not from its obligation to pay the Registration Expenses in connection therewith), without prejudice, however, to the rights of the Sponsors to request that such registration be effected as a
Demand Registration under Section 2.2, and (ii) in the case of a determination to delay registering, in the absence of a request for a Demand Registration, shall be permitted to delay registering any Registrable Securities, for the same
period as the delay in registering such other securities. The Company shall use its commercially reasonable efforts to cause the managing Underwriter or Underwriters of a proposed underwritten offering to permit the Registrable Securities requested
to be included in a Piggy-Back Registration to be included on the same terms and conditions as any similar securities of the Company included therein. Each Holder shall be permitted to withdraw all or part of its Registrable Securities from a
Piggyback Registration at any time prior to the effectiveness of such Registration Statement. 
 SECTION 2.4. Reduction of Offering.
Notwithstanding anything contained herein, if the managing Underwriter or Underwriters of an offering described in Sections 2.1(d), 2.2(d) or 2.3 (or, in the case of a Demand Registration or an offering of Registrable Securities pursuant to a Shelf
Registration Statement, in each case, not being underwritten, the Sponsors or the majority of the Unit Holders, as applicable) advise in writing to the Company and the Holders of the Registrable Securities included in such offering that (i) the
size of the offering that the Holders, the Company and such other persons intend to make or (ii) in the case of a Piggy-Back Registration only, the kind of securities that the Holders, the Company and/or any other Persons intend to include in
such offering are such that the success of the offering would be materially and adversely affected by inclusion of the Registrable Securities requested to be included, then: 

(a) if the size of the offering is the basis of such determination, the amount of securities to be offered for the accounts of Holders shall
be reduced pro rata (according to the Registrable Securities proposed for registration) to the extent necessary to reduce the total amount of securities to be included in such offering to the amount recommended by such managing Underwriter or
Underwriters (or, in the case of a Demand Registration or an offering of Registrable Securities pursuant to a Shelf Registration Statement, in each case, not being underwritten, the Sponsors or the majority of the Unit Holders, as applicable);
provided that, in the event of a Demand Registration or pursuant to a Shelf Registration Statement, the securities to be included in such Demand Registration and Shelf Registration Statement shall be allocated, (x) first, 100% pro
rata among the Holders of the Registrable Securities that have requested to participate in such Demand Registration or pursuant to a Shelf Registration Statement, as applicable, based on the relative number of Registrable Securities then held by
each such Holder, (y) next, and only if all the securities referred to in clause (x) have been included, the number of securities that the Company proposes to include in such Demand Registration or Shelf Registration Statement that,
in the opinion of the managing underwriter or underwriters (or, in the case of a Demand Registration or an offering of Registrable Securities pursuant to a Shelf Registration Statement, in each case, not being underwritten, the Sponsors or the
majority of the Unit Holders, as applicable) can be sold without having 

  
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such significant adverse effect, and (z) last, only if all of the Registrable Securities referred to in clause (y) have been included in such registration, any other securities
eligible for inclusion in such registration; provided, further that, in the event of a Piggy-Back Registration, the securities to be included in such Piggy-Back Registration shall be allocated, (A) first, 100% of the securities
proposed to be sold in such Piggyback Registration by the Company or any Person (other than a Holder) exercising a contractual right to demand Registration, as the case may be, proposes to sell, (B) second, and only if all the securities
referred to in clause (A) have been included, the number of Registrable Securities that, in the opinion of such managing underwriter or underwriters (or, in the case of a Demand Registration or an offering of Registrable Securities
pursuant to a Shelf Registration Statement, in each case, not being underwritten, the Sponsors or the majority of the Unit Holders, as applicable), can be sold without having such adverse effect, with such number to be allocated pro rata
among the Holders that have requested to participate in such registration based on the relative number of Registrable Securities then held by each such Holder and (iii) third, and only if all of the Registrable Securities referred to in
clause (B) have been included in such registration, any other securities eligible for inclusion in such registration. 
 (b) if
the kind of securities to be offered is the basis of such determination, (i) the Registrable Securities to be included in such offering shall be reduced as described in clause (a) above or, (ii) if the actions described in clause
(i) would, in the good faith, best judgment of the managing Underwriter (or, in the case of a Demand Registration or an offering of Registrable Securities pursuant to a Shelf Registration Statement, in each case, not being underwritten, the
Sponsors or the majority of the Unit Holders, as applicable), be insufficient to substantially eliminate the adverse effect that inclusion of the Registrable Securities requested to be included would have on such offering, such Registrable
Securities will be excluded from such offering. 
 SECTION 2.5. Black-Out Periods. 

(a) Notwithstanding the provisions of Sections 2.1(a), 2.1(b), 2.1(c), 2.2(a), and 2.2(d), the Company shall be permitted to postpone the
filing of any Shelf Registration Statement filed pursuant to Section 2.1 or any registration statement filed in connection with a Demand Registration pursuant to Section 2.2 hereof, and from time to time to require the Holders not to sell
Registrable Securities under any such Shelf Registration Statement or other registration statement or to suspend the effectiveness thereof, for such times as the Company reasonably may determine is necessary and advisable, if any of the following
events shall occur (each such circumstance a “Suspension Event”): (i) a majority of the members of the board of directors of the Company determines in good faith that (A) the offer or sale of any Registrable Securities
would materially impede, delay or interfere with any proposed material financing, material acquisition, corporate reorganization or other material transaction involving the Company or (B)(x) the Company has a bona fide business purpose for
preserving the confidentiality of a material transaction that would otherwise be required to be disclosed due to such registration, (y) disclosure would have a material adverse effect on the Company or the Company’s ability to consummate
such a material transaction or (z) such a material transaction renders the Company unable to comply with Commission requirements, in each case under circumstances that would make it impractical or inadvisable, to cause the Shelf Registration
Statement or other registration statement (or such filings) to become effective or to promptly amend or supplement the Shelf Registration Statement or other registration statement on a post-effective basis, as applicable; or (ii) a majority of
the members of the board of directors of the Company determines in good faith that it is in the Company’s best interest or it is required by law, rule or regulation to supplement the Shelf Registration Statement or other registration statement
or file a post-effective amendment to such Shelf Registration Statement or other registration statement in order to ensure that the prospectus included in the Shelf Registration Statement or other registration statement (1) contains the
information required by the form on which such Shelf Registration Statement or other registration statement was filed or (2) discloses any facts or events arising after the 

  
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effective date of the Shelf Registration Statement or other registration statement (or of the most recent post-effective amendment) that, individually or in the aggregate, represents a
fundamental change in the information set forth therein. Upon the occurrence of any such suspension, the Company shall use its commercially reasonable efforts to cause the Shelf Registration Statement or other registration statement to become
effective or to amend or supplement the Shelf Registration Statement or other registration statement on a post-effective basis or to take such action as is necessary to permit resumed use of the Shelf Registration Statement or other registration
statement or filing thereof as soon as reasonably possible following the conclusion of the applicable Suspension Event and its effect. 

The Company will provide written notice (a “Suspension Notice”) to the Holders of the occurrence of any Suspension Event;
provided, however, that the Company shall not be permitted to exercise a suspension pursuant to this Section 2.5(a)(i) more than twice during any twelve (12)-month period, or (ii) for a period exceeding ninety (90) days
on any one occasion. Upon receipt of a Suspension Notice, each Holder agrees that it will (i) immediately discontinue offers and sales of the Registrable Securities under the Shelf Registration Statement or other registration statement and
(ii) maintain the confidentiality of any information included in the Suspension Notice unless otherwise required by law or subpoena. The Holders may recommence effecting offers and sales of the Registrable Securities pursuant to the Shelf
Registration Statement or other registration statement (or such filings) following further written notice to such effect (an “End of Suspension Notice”) from the Company, which End of Suspension Notice shall be given by the Company
to the Holders promptly following the conclusion of any Suspension Event and its effect; provided that the Holders agree that they will only effect such offers and sales pursuant to any supplemental or amended prospectus that has been
provided to them by the Company pursuant to Section 2.5(b). 
 (b) Notwithstanding any provision herein to the contrary, if the Company
shall give a Suspension Notice with respect to any Shelf Registration Statement or other registration statement pursuant to Section 2.5(a), the Company agrees that it shall extend the period of time during which such Shelf Registration
Statement or other registration statement shall be maintained effective (including the period referred to in Section 2.6(a) hereof) by the number of days during the period from the date of receipt by the Holders of the Suspension Notice to and
including the date of receipt by the Holders of the End of Suspension Notice and promptly provide copies of the supplemented or amended prospectus necessary to resume offers and sales, with respect to each Suspension Event; provided, that
such period of time shall not be extended beyond the date that the Company Shares covered by such Shelf Registration Statement or other registration statement are no longer Registrable Securities. 

SECTION 2.6. Registration Procedures; Filings; Information. Subject to Section 2.5 hereof, in connection with any Shelf
Registration Statement under Section 2.1, any Demand Registration under Section 2.2 or Piggy-Back Registration under Section 2.3, the Company will use its commercially reasonable efforts to effect the registration and the sale of such
Registrable Securities in accordance with the intended method of disposition thereof as quickly as practicable, and in connection with any such request: 

(a) The Company will as expeditiously as possible prepare and file with the Commission a registration statement on any form for which the
Company then qualifies or which counsel for the Company shall deem appropriate and which form shall be available for the sale of the Registrable Securities to be registered thereunder in accordance with the intended method of distribution thereof
and use its commercially reasonable efforts to cause such filed registration statement to become and remain effective (i) in the case of a Shelf Registration Statement, for the period described in Section 2.1 and (ii) in the case of a
Demand Registration, for a period of not less than 270 days from the effective date of such registration statement. 

  
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 (b) The Company will prior to filing a registration statement or prospectus or any amendment or
supplement thereto, furnish to each Selling Holder and each Underwriter, if any, of the Registrable Securities covered by such registration statement copies of such registration statement as proposed to be filed with copies of all documents proposed
to be filed, which documents shall be subject to the review of such Selling Holder and Underwriter, if any, and their respective counsel and, except in the case of a registration statement under Section 2.3, not file any registration statement
or amendments or supplements thereto to which the Sponsors or the Underwriter, if any, shall reasonably object. The Company shall thereafter furnish to such Selling Holder and Underwriter, if any, such number of conformed copies of such registration
statement, each amendment and supplement thereto (and upon request, all exhibits thereto and documents incorporated by reference therein), the prospectus included in such registration statement (including each preliminary prospectus) and such other
documents as such Selling Holder or Underwriter may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such Selling Holder. 

(c) After the filing of the registration statement, the Company will promptly notify each Selling Holder of Registrable Securities covered by
such registration statement of (i) any stop order issued or threatened by the Commission or any order by the Commission or any other regulatory authority preventing or suspending the use of any preliminary or final prospectus or the initiation
or threatening of any proceedings for such purposes, (ii) any written comments by the Commission or any request by the Commission or any other federal or state governmental authority for amendments or supplements to such registration statement
or for additional information or (iii) the receipt by the Company of any notification with respect to the suspension of the qualification of the Registrable Securities for offering or sale in any jurisdiction or the initiation or threatening of
any proceeding for such purpose. 
 (d) The Company will promptly take all reasonable actions required to prevent, or obtain the withdrawal
of, any stop order or other order suspending the use of any preliminary or final registration statement. 
 (e) The Company will use its
commercially reasonable efforts to (i) register or qualify the Registrable Securities under such other securities or blue sky laws of such jurisdictions in the United States (where an exemption does not apply) as any Selling Holder or managing
Underwriter or Underwriters, if any, reasonably (in light of such Selling Holder’s intended plan of distribution) requests and (ii) cause such Registrable Securities to be registered with or approved by such other governmental agencies or
authorities as may be necessary by virtue of the business and operations of the Company and do any and all other acts and things that may be reasonably necessary or advisable to enable such Selling Holder to consummate the disposition of the
Registrable Securities owned by such Selling Holder; provided that the Company will not be required to (A) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this paragraph
(d), (B) subject itself to taxation in any such jurisdiction or (C) consent to general service of process in any such jurisdiction. 

(f) The Company will promptly notify each Selling Holder of such Registrable Securities, at any time when a prospectus relating thereto is
required to be delivered under the Securities Act, of (i) the Company’s receipt of any notification of the suspension of the qualification of any Registrable Securities covered by a Shelf Registration Statement for sale in any
jurisdiction, (ii) the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus will not contain an
untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading and promptly make available to
each Selling Holder any such supplement or amendment and (iii) deliver to each Selling Holder and each Underwriter, if any, without charge, as many copies of the applicable 

  
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prospectus (including each preliminary prospectus), any amendment or supplement thereto and such other documents useful to facilitate the disposition of the Registrable Securities as such Selling
Holder or Underwriter may reasonably request. 
 (g) The Company will promptly (i) incorporate in a prospectus supplement or
post-effective amendment such information as the Underwriter and the Sponsors agree should be included therein relating to the plan of distribution with respect to such Registrable Securities, and make all required filings of such prospectus
supplement or post-effective amendment, (ii) furnish to each Selling Holder and each Underwriter, if any, without charge, as many conformed copies as such Selling Holder or Underwriter may reasonably request of the applicable Registration
Statement and any amendment or post-effective amendment thereto, including financial statements and schedules, all documents incorporated therein by reference and all exhibits (including those incorporated by reference). 

(h) The Company will enter into customary agreements (including an underwriting agreement, if any, in customary form) and use commercially
reasonable efforts to take such other actions as the Sponsors or the Underwriters, if any, reasonably request or that are reasonably required in order to expedite or facilitate the disposition of such Registrable Securities, including, without
limitation, (A) obtain for delivery to the Selling Holders and to the Underwriter or Underwriters, if any, an opinion or opinions from counsel for the Company dated the effective date of the applicable registration statement or, in the event of
an underwritten offering, the date of the closing under the underwriting agreement, in customary form, scope and substance, which opinions shall be reasonably satisfactory to such Holders or underwriters, as the case may be, and their respective
counsel, (B) in the case of an underwritten offering, obtain for delivery to the Company and the managing underwriter or underwriters, with copies to the Selling Holders, a cold comfort letter from the Company’s independent certified
public accountants in customary form and covering such matters of the type customarily covered by cold comfort letters as the managing underwriter or underwriters reasonably request, dated the date of execution of the underwriting agreement and
brought down to the closing under the underwriting agreement and (C) cooperate with each Selling Holder and each underwriter, if any, participating in the disposition of such Registrable Securities and their respective counsel in connection
with any filings required to be made with FINRA. 
 (i) The Company will make available for inspection by any Selling Holder of such
Registrable Securities, if such Selling Holder has a due diligence defense under the Securities Act, any Underwriter participating in any disposition pursuant to such registration statement and any attorney, accountant or other professional retained
by any such Selling Holder or Underwriter (collectively, the “Inspectors”), all financial and other records, pertinent corporate documents and properties of the Company (collectively, the “Records”) as shall be
reasonably necessary to enable them to exercise their due diligence responsibility, and cause the Company’s officers, directors and employees to supply all information reasonably requested by any Inspector in connection with such registration
statement, subject to entry by each such Inspector into a customary confidentiality agreement in a form reasonably acceptable to the Company. 

(j) The Company will otherwise use its commercially reasonable efforts to comply with all applicable rules and regulations of the Commission,
and make available to its securityholders, as soon as reasonably practicable, an earnings statement covering a period of 12 months, beginning within three months after the effective date of the registration statement, which earnings statement shall
satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 of the Commission promulgated thereunder (or any successor rule or regulation hereafter adopted by the Commission). 

(k) The Company may require each Selling Holder of Registrable Securities to promptly furnish in writing to the Company such information
regarding such Selling Holder, the Registrable 

  
 13 

 
Securities held by it and the intended method of distribution of the Registrable Securities as the Company may from time to time reasonably request and such other information as may be legally
required in connection with such registration. No Holder may include Registrable Securities in any registration statement pursuant to this Agreement unless and until such Holder has furnished to the Company such information. Each Holder further
agrees to furnish as soon as reasonably practicable to the Company all information required to be disclosed in order to make information previously furnished to the Company by such Holder not materially misleading. 

(l) Each Selling Holder agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in
Section 2.6(f) hereof, such Selling Holder will forthwith discontinue disposition of Registrable Securities pursuant to the registration statement covering such Registrable Securities until such Selling Holder’s receipt of written notice
from the Company that such disposition may be made and, in the case of clause (ii) of Section 2.6(f) hereof, copies of the supplemented or amended prospectus contemplated by clause (ii) of Section 2.6(f) hereof, and, if so
directed by the Company, such Selling Holder will deliver to the Company all copies, other than permanent file copies then in such Selling Holder’s possession, of the most recent prospectus covering such Registrable Securities at the time of
receipt of such notice. Each Selling Holder of Registrable Securities agrees that it will promptly notify the Company at any time when a prospectus relating to the registration of such Registrable Securities is required to be delivered under the
Securities Act of the happening of an event as a result of which information previously furnished by such Selling Holder to the Company in writing for inclusion in such prospectus contains an untrue statement of a material fact or omits to state any
material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances in which they were made. In the event the Company shall give such notice, the Company shall extend the period during
which such registration statement shall be maintained effective (including the period referred to in Section 2.6(a) hereof) by the number of days during the period from and including the date of the giving of notice pursuant to
Section 2.6(f) hereof to the date when the Company shall provide written notice that such dispositions may be made and, in the case of clause (ii) of Section 2.6(f) hereof, make available to the Selling Holders of Registrable
Securities covered by such registration statement a prospectus supplemented or amended to conform with the requirements of Section 2.6(f) hereof. 

(m) in the case of an underwritten offering, the Company will cooperate in all marketing efforts, including, without limitation, providing
information and materials and causing senior executive officers of the Company to participate in meetings, customary “road show” presentations and/or investor conference calls to market the Registrable Securities that may be reasonably
requested by the managing Underwriter or Underwriters in any such underwritten offering and otherwise to facilitate, cooperate with, and participate in each proposed offering contemplated herein and customary selling efforts related thereto. 

SECTION 2.7. Registration Expenses. In connection with any registration statement required to be filed hereunder, the Company shall pay
the following registration expenses incurred in connection with the registration hereunder (the “Registration Expenses”), regardless of whether such registration statement is declared effective by the Commission: (a) all
registration and filing fees, and any other fees and expenses associated with filings required to be made with the SEC or FINRA, (b) fees and expenses of compliance with securities or blue sky laws (including reasonable fees and disbursements
of counsel in connection with blue sky qualifications of the Registrable Securities), (c) all printing, duplicating, word processing, messenger, telephone, facsimile and delivery expenses (including expenses of printing certificates for the
Registrable Securities in a form eligible for deposit with The Depository Trust Company and of printing prospectuses), (d) internal expenses (including, without limitation, all salaries and expenses of its officers and employees performing
legal or accounting duties), (e) the fees and 

  
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expenses incurred in connection with the listing of the Registrable Securities, (f) reasonable fees and disbursements of counsel for the Company and customary fees and expenses for
independent certified public accountants retained by the Company (including the expenses of any comfort letters or costs associated with the delivery by independent certified public accountants of a comfort letter or comfort letters requested
pursuant to Section 2.6(f) hereof), (g) the reasonable fees and expenses of any special experts retained by the Company in connection with such registration, (h) reasonable fees and disbursements of one (1) legal counsel plus any
regulatory counsel, as appropriate, for all Selling Holder participating in such registration (or, in the case of a “shelf registration”, each Selling Holder selling Registrable Securities under the Shelf Registration Statement), and
(i) any reasonable fees and disbursements of Underwriters customarily paid by issuers or sellers of securities. The Company shall have no obligation to pay any underwriting fees, discounts or commissions attributable to the sale of Registrable
Securities or any transfer taxes relating to the registration or sale of the Registrable Securities. 
 SECTION 2.8. Indemnification by
the Company. The Company agrees to indemnify and hold harmless, to the full extent permitted by law, each Selling Holder of Registrable Securities, each member, limited partner or general partner thereof, each member, limited partner or general
partner of each such member, limited or general partner, each of their respective Affiliates, officers, directors, stockholders, employees, advisors, and agents and each Person, if any, who controls such Persons within the meaning of Section 15
of the Securities Act or Section 20 of the Exchange Act and each of their respective Representatives from and against any and all losses, penalties, judgments, suits, costs, claims, damages, liabilities and expenses (including reasonable costs
of investigation and legal expenses) (each, a “Loss”, and collectively, “Losses”) that arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in any registration
statement or prospectus relating to such Registrable Securities, or any amendment or supplement thereto, or any preliminary prospectus, or that arise out of or are based upon any omission or alleged omission to state therein a material fact required
to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, except insofar as such losses, claims, damages or liabilities that arise out of or are based upon any such
untrue statement or omission or alleged untrue statement or omission with respect to information relating to such Selling Holder included in reliance upon and in conformity with information furnished in writing to the Company by such Selling Holder
or on such Selling Holder’s behalf expressly for inclusion therein. This indemnity shall be in addition to any liability the Company may otherwise have. Such indemnity shall remain in full force and effect regardless of any investigation made
by or on behalf of such Selling Holder or any Indemnified Party and shall survive the transfer of such securities by such Selling Holder. The Company also agrees to indemnify any Underwriters of the Registrable Securities, their officers and
directors and each Person who controls such underwriters within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act and each of their respective Representatives on substantially the same basis as that of the
indemnification of the Selling Holders provided in this Section 2.8. 
 SECTION 2.9. Indemnification by Holders of Registrable
Securities. Each Selling Holder agrees, severally but not jointly, to indemnify and hold harmless the Company, its officers, directors and agents and each Person, if any, who controls the Company within the meaning of either Section 15 of
the Securities Act or Section 20 of the Exchange Act and each of their respective Representatives to the same extent as the foregoing indemnity from the Company to such Selling Holder pursuant to Section 2.8, but only with respect to
written information relating to such Selling Holder included in reliance upon and in conformity with information furnished in writing by such Selling Holder or on such Selling Holder’s behalf expressly for use in any registration statement or
prospectus relating to the Registrable Securities of such Selling Holder, or any amendment or supplement thereto, or any preliminary prospectus. In case any action or proceeding shall be brought against the Company or its officers, directors or
agents or any such controlling person, in respect of which indemnity may be sought against such Selling Holder, such 

  
 15 

 
Selling Holder shall have the rights and duties given to the Company, and the Company or its officers, directors or agents or such controlling person shall have the rights and duties given to
such Selling Holder, by Section 2.8. Each Selling Holder also agrees to indemnify and hold harmless Underwriters of the Registrable Securities, their officers and directors and each Person who controls such Underwriters within the meaning of
Section 15 of the Securities Act or Section 20 of the Exchange Act and each of their respective Representatives on substantially the same basis as that of the indemnification of the Company provided in this Section 2.9.
Notwithstanding the foregoing, in no event will the liability of a Selling Holder under this Section 2.9 or Section 2.11 or otherwise hereunder exceed the net proceeds actually received by such Selling Holder. 

SECTION 2.10. Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be
instituted involving any Person in respect of which indemnity may be sought pursuant to Section 2.8 or 2.9, such Person (an “Indemnified Party”) shall promptly notify the Person against whom such indemnity may be sought (an
“Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and
expenses; provided that the failure of any Indemnified Party to give such notice will not relieve such Indemnifying Party of its obligations under Section 2.8 or 2.9, as applicable, except to the extent such Indemnifying Party is
materially prejudiced by such failure. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (a) the
Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (b) the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party and the Indemnifying
Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related
proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties relating to the same class of Company
Shares, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties relating to the same class of Company Shares, such firm shall be designated in writing by
(i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable Securities of the class sold under the applicable registration statement if such class is the Class B
Shares or by the Sponsors if such class is the Class A Shares and (ii) in the case of Persons indemnified pursuant to Section 2.9, the Company. The Indemnifying Party shall not be liable for any settlement of any proceeding effected
without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties
from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party (which consent shall not be unreasonably withheld,
conditioned or delayed), effect any settlement of any pending or threatened proceeding in respect of with any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such
settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party. 

SECTION 2.11. Contribution. If the indemnification provided for in Section 2.8 or 2.9 hereof is held by a court of competent
jurisdiction to be unavailable to an Indemnified Party or insufficient in respect of any losses, claims, damages or liabilities referred to herein, then each such Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute
to the amount paid or payable by such Indemnified Party as a result of such losses, claims, damages or liabilities (a) as between the Company 

  
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and the Selling Holders on the one hand and the Underwriters on the other, in such proportion as is appropriate to reflect the relative benefits received by the Company and the Selling Holders on
the one hand and the Underwriters on the other from the offering of the securities, or if such allocation is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits but also the relative fault
of the Company and the Selling Holders on the one hand and of the Underwriters on the other in connection with the statements or omissions which resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable
considerations and (b) between the Company on the one hand and each Selling Holder on the other, in such proportion as is appropriate to reflect the relative fault of the Company and of each Selling Holder in connection with such statements or
omissions which resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative benefits received by the Company and the Selling Holders on the one hand and the Underwriters on the other
shall be deemed to be in the same proportion as the total proceeds from the offering (net of underwriting discounts and commissions but before deducting expenses) received by the Company and the Selling Holders bear to the total underwriting
discounts and commissions received by the Underwriters, in each case as set forth in the table on the cover page of the prospectus. The relative fault of the Company and the Selling Holders on the one hand and of the Underwriters on the other shall
be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company and the Selling Holders
or by the Underwriters. The relative fault of the Company on the one hand and of each Selling Holder on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information supplied by such party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 

The Company and the Selling Holders agree that it would not be just and equitable if contribution pursuant to this Section 2.11
were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to in the immediately
preceding paragraph. The amount paid or payable by an Indemnified Party as a result of the losses, claims, damages or liabilities referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth
above, any legal or other expenses reasonably incurred by such Indemnified Party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 2.11, no Underwriter shall be required to
contribute any amount in excess of the amount by which the total price at which the securities underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages which such Underwriter has otherwise been
required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission, and no Selling Holder shall be required to contribute any amount in excess of the amount by which the total price at which the securities of such
Selling Holder were offered to the public exceeds the amount of any damages which such Selling Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No Person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Selling Holder’s obligations to
contribute pursuant to this Section 2.11 are several in such proportion that the proceeds of the offering received by such Selling Holder bears to the total proceeds of the offering received by all the Selling Holders, and not joint. For the
avoidance of doubt, this Section 2.11 applies in the case of a “shelf” registration and an underwritten offering.  

SECTION 2.12. Participation in Underwritten Offerings. No Person may participate in any underwritten offering hereunder unless such
Person (a) agrees to sell such Person’s securities on the basis 

  
 17 

 
provided in any underwriting arrangements approved by the Persons entitled hereunder to approve such arrangements and (b) completes and executes all customary questionnaires, powers of
attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such customary underwriting arrangements and the registration rights provided for in this Article II. 

SECTION 2.13. Rule 144. The Company covenants that it will timely file any reports required to be filed by it under the Securities Act
and the Exchange Act and that it will take such further action as any Holder may reasonably request, all to the extent required from time to time to enable Holders to sell Registrable Securities without registration under the Securities Act within
the limitation of the exemptions provided by Rule 144. Upon the reasonable request of any Holder, the Company will deliver to such Holder a written statement as to whether it has complied with such requirements and, if not, the specific thereof.

 SECTION 2.14. Holdback Agreements. 

(a) Restrictions on Public Sale by Holder of Registrable Securities. To the extent not inconsistent with applicable law, in connection
with any underwritten public offering, each Holder of Registrable Securities who “beneficially owns” (as such term is defined under the Exchange act) five percent (5%) or more of the Company Shares (whether its securities are included
in a registration statement or not, for as long as such Holder has the right to require that its securities be included in such registration statement) agrees not to effect any sale or distribution of the issue being registered or a similar security
of the Company, or any securities convertible into or exchangeable or exercisable for such securities, including a sale pursuant to Rule 144, during the seven (7) days prior to, and during the 90-day period beginning on, the pricing date of
such underwritten public offering (the “Lockup Period”) (except as part of such underwritten public offering), if and to the extent requested in writing by the managing Underwriter or Underwriters (such agreement to be in the form
of lock-up agreement provided by the managing Underwriter or Underwriters) or participating Sponsor, as applicable; provided that such Lockup Period is applicable on substantially similar terms to the Company and the executive officers and
directors of the Company; provided further that nothing herein will prevent any Holder that is a partnership or corporation from making a distribution of Registrable Securities to the partners or stockholders thereof or a transfer to
an Affiliate that is otherwise in compliance with applicable securities laws, so long as such distributees or transferees agree to be bound by the restrictions set forth in this Section 2.14(a); provided further that each Holder
acknowledges and agrees that if the managing Underwriter or Underwriters so require in the written request set forth in this Section 2.14(a), the restriction of this Section 2.14(a) shall apply to each Holder (whether its securities are
included in a registration statement or not, for as long as such Holder has the right to require that its securities be included in such registration statement) regardless of such Holder’s ownership percentage. Each Holder shall receive the
benefit of any shorter Lockup Period or permitted exceptions (on a pro rata basis) agreed to by the managing Underwriter or Underwriters irrespective of whether such Holder participated in the underwritten public offering. This
Section 2.14(a) will no longer apply to a Holder once such Holder ceases to hold Registrable Securities. 
 (b) Restrictions on
Public Sale by the Company and Others. The Company agrees that any agreement entered into after the date of this Agreement pursuant to which the Company issues or agrees to issue any privately placed securities shall contain a provision under
which holders of such securities agree not to effect any sale or distribution of any securities of the same class or convertible into securities of the same class as those being sold in connection with an underwritten public offering in accordance
with Section 2.1, 2.2 or 2.3 hereof, or any securities convertible into or exchangeable or exercisable for such securities, during the seven (7) days prior to, and during the 90-day period beginning on, the pricing date of such
underwritten public offering (except as part of such underwritten public offering where the 

  
 18 

 
Holders of a majority of the Registrable Securities to be included in such underwritten public offering consent or as part of registration statements filed as set forth in Section 2.3(a) or
(c)), if and to the extent requested in writing by the managing Underwriter or Underwriters (such agreement to be in the form of lock-up agreement provided by the managing Underwriter or Underwriters), in each case including a sale pursuant to Rule
144 (except as part of any such registration, if permitted); provided, however, that the provisions of this paragraph (b) shall not prevent the conversion or exchange of any securities pursuant to their terms into or for other
securities. 
 ARTICLE III 

MISCELLANEOUS 
 SECTION
3.1. NASDAQ Listing. For so long as any Company Shares are listed on the NASDAQ or such other exchange, the Company shall use commercially reasonable efforts to cause any Registrable Securities covered by the applicable registration statement
to be listed on the NASDAQ or such other exchange on which any of the Company Shares may then be listed or quoted. 
 SECTION 3.2.
Remedies. In addition to being entitled to exercise all rights provided herein and granted by law, including recovery of damages, the Holders shall be entitled to specific performance of the rights under this Agreement. The Company agrees
that monetary damages would not be adequate compensation for any loss incurred by reason of a breach by it of the provisions of this Agreement and hereby agrees to waive the defense in any action for specific performance that a remedy at law would
be adequate. Notwithstanding the foregoing, specific performance shall not be available with respect to the rights and obligations of the parties pursuant to Section 2.14(a) and (b). 

SECTION 3.3. Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended,
modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, in each case without the written consent of the Company, the Sponsors and the Holders of a majority of the Registrable Securities. No
failure or delay by any party to insist upon the strict performance of any covenant, duty, agreement or condition of this Agreement or to exercise any right or remedy consequent upon any breach thereof shall constitute waiver of any such breach or
any other covenant, duty, agreement or condition. 
 SECTION 3.4. Notices. All notices and other communications in connection with
this Agreement shall be made in writing by hand delivery, registered first-class mail, telecopier, or air courier guaranteeing overnight delivery: 

(a) if to the Holders, initially c/o Caesars Entertainment Corporation, 1 Caesars Palace Drive, Las Vegas, NV 89109 (Attention: General
Counsel, Facsimile: (702) 407-6418), or to such other address and to such other Persons as any Holder may hereafter specify in writing; and 

(b) if to the Company, initially at 1 Caesars Palace Drive, Las Vegas, NV 89109, (Attention: General Counsel),
Facsimile:         ; Phone: 702-407-6000 or to such other address as the Company may hereafter specify in writing. 

All such notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; when
received if deposited in the mail, postage prepaid, if mailed; when receipt is acknowledged, if telecopied; on the next business day, if timely delivered to an air courier guaranteeing overnight delivery, and when receipt is acknowledged in writing
by addressee or receipt is otherwise confirmed, if by electronic mail. 

  
 19 

 SECTION 3.5. Successors and Assigns. Except as expressly provided in this Agreement, the
rights and obligations of the Holders under this Agreement shall not be assignable by any Holder to any Person that is not a Holder. This Agreement shall be binding upon the parties hereto and their respective successors and assigns. 

SECTION 3.6. Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Each party shall become bound by this Agreement immediately upon affixing its signature
hereto. 
 SECTION 3.7. Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the
State of Delaware without regard to the choice of law provisions thereof. 
 SECTION 3.8. Severability. In the event that any one or
more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining
provisions contained herein shall not be affected or impaired thereby. 
 SECTION 3.9. Entire Agreement. This Agreement is intended
by the parties as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein. There are no restrictions,
promises, warranties or undertakings, other than those set forth or referred to herein with respect to the registration rights granted by the Company with respect to the Registrable Securities. This Agreement supersedes all prior agreements and
understandings between the parties with respect to such subject matter. 
 SECTION 3.10. Headings. The headings in this Agreement are
for convenience of reference only and shall not limit or otherwise affect the meaning hereof. 
 SECTION 3.11. No Third Party
Beneficiaries. Nothing express or implied herein is intended or shall be construed to confer upon any person or entity, other than the parties hereto and their respective successors and assigns and all Indemnified Parties, any rights, remedies
or other benefits under or by reason of this Agreement. 
 [Remainder of page intentionally left blank; signature page follows] 

  
 20 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written
above. 
  

			
	COMPANY
	
	Caesars Acquisition Company
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	OPERATING LLC
	
	Caesars Growth Partners, LLC
		
	By:	 	Caesars Acquisition Company
		 	Managing Member
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	UNIT HOLDERS
	
	HIE Holdings, Inc.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Harrah’s BC, Inc.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	STOCKHOLDERS
	
	Apollo Hamlet Holdings, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 [Signature Page
to Registration Rights Agreement] 

 
			
	Apollo Hamlet Holdings B, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	TPG Hamlet Holdings, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	TPG Hamlet Holdings B, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Co-Invest Hamlet Holdings, Series LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Co-Invest Hamlet Holdings B, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 [Signature Page
to Registration Rights Agreement] 

 Schedule I 

Unit Holders 
 HIE HOLDINGS, INC. 

HARRAH’S BC, INC. 

 Schedule II 

Stockholders 
 Apollo Hamlet Holdings, LLC

 Apollo Hamlet Holdings B, LLC 
 TPG Hamlet Holdings, LLC 

TPG Hamlet Holdings B, LLC 
 Co-Invest Hamlet Holdings, Series LLC

 Co-Invest Hamlet Holdings B, LLC 

 EXHIBIT A 

CAESARS ACQUISITION COMPANY 

FORM OF NOTICE AND QUESTIONNAIRE 

The undersigned beneficial holder of [non-voting units of limited partnership interests (“Class B Units”) of Caesars Growth
Partners, LLC (the “Operating LLC”) exchangeable, on or after the date that is the fifth (5th) anniversary of date of the Registration Rights Agreement (as defined below), at
the election of the undersigned, for an equivalent amount of non-voting shares of common stock, par value $0.001 per share (the “Class B Common Stock”) of Caesars Acquisition Company (the “Company”)] / [shares of
voting common stock, par value $0.001 per share (the “Class A Common Stock”) of Caesars Acquisition Company (the “Company”)], understands that the Company has filed or intends to file with the Securities and
Exchange Commission (the “SEC”) one or more registration statements (collectively, the “Shelf Registration Statement”) for the registration and resale under Rule 415 of the Securities Act of 1933, as amended (the
“Securities Act”), of the Registrable Securities in accordance with the terms of the Registration Rights Agreement, dated October     , 2013 (the “Registration Rights Agreement”), among the
Company, the Operating LLC and the holders party thereto. A copy of the Registration Rights Agreement is available from the Company upon request at the address set forth below. All capitalized terms not otherwise defined herein shall have the
meanings ascribed thereto in the Registration Rights Agreement. 
 Each beneficial owner of Registrable Securities is entitled to the
benefits of the Registration Rights Agreement. In order to sell or otherwise dispose of any Registrable Securities pursuant to the Shelf Registration Statement, a beneficial owner of Registrable Securities generally will be required to be named as a
selling security holder in the related prospectus, deliver a prospectus to purchasers of Registrable Securities and be bound by those provisions of the Registration Rights Agreement applicable to such beneficial owner (including certain
indemnification provisions as described below). To be included in the Shelf Registration Statement, this Notice and Questionnaire must be completed, executed and delivered to the Company at the address set forth herein on or prior to the tenth
business day before the effectiveness of the Shelf Registration Statement. We will give notice of the filing and effectiveness of the initial Shelf Registration Statement by mailing a notice to the holders at their addresses set forth in the
register of the registrar. 
 Beneficial owners that do not complete this Notice and Questionnaire and deliver it to the Company as provided
below will not be named as selling security holders in the prospectus and therefore will not be permitted to sell any Registrable Securities pursuant to the Shelf Registration Statement. Beneficial owners are encouraged to complete and deliver this
Notice and Questionnaire prior to the effectiveness of the initial Shelf Registration Statement so that such beneficial owners may be named as selling security holders in the related prospectus at the time of effectiveness. Upon receipt of a
completed Notice and Questionnaire from a beneficial owner following the effectiveness of the initial Shelf Registration Statement, in accordance with the Registration Rights Agreement, the Company will file such amendments to the initial Shelf
Registration Statement or additional shelf registration statements or supplements to the related prospectus as are necessary to permit such holder to deliver such prospectus to purchasers of Registrable Securities. 

Certain legal consequences arise from being named as selling security holders in the Shelf Registration Statement and the related prospectus.
Accordingly, holders and beneficial owners of Registrable Securities are advised to consult their own securities law counsel regarding the consequences of being named or not being named as a selling security holder in the Shelf Registration
Statement and the related prospectus. 

 NOTICE 

The undersigned beneficial owner (the “Selling Security Holder”) of Registrable Securities hereby elects to include in the
prospectus forming a part of the Shelf Registration Statement the Registrable Securities beneficially owned by it and listed below in Item 3 (unless otherwise specified under Item 3). The undersigned, by signing and returning this Notice
and Questionnaire, understands that it will be bound by the terms and conditions of this Notice and Questionnaire and the Registration Rights Agreement. 

Pursuant to the Registration Rights Agreement, the undersigned has agreed to indemnify and hold harmless the Company and its directors,
officers and each person, if any, who controls the Company within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act, from and against certain losses arising in connection with statements concerning
the undersigned made in the Shelf Registration Statement or the related prospectus in reliance upon the information provided in this Notice and Questionnaire. 

The undersigned hereby provides the following information to the Company and represents and warrants to the Company that such information is
accurate and complete: 
 QUESTIONNAIRE 
  

	1.	(a) Full Legal Name of Selling Security Holder: 

 (b) Full Legal Name of registered holder (if
not the same as (a) above) through which Registrable Securities listed in Item (3) below are held: 
 (c) Full Legal Name of DTC
Participant (if applicable and if not the same as (b) above) through which Registrable Securities listed in Item (3) below are held: 

(d) List below the individual or individuals who exercise voting and/or dispositive powers with respect to the Registrable Securities listed
in Item (3) below: 
  

	2.	Address for Notices to Selling Security Holder: 

 Telephone: 

Fax: 
 E-mail address: 

Contact Person: 
  

	3.	Beneficial Ownership of Registrable Securities: 

 Type of Registrable Securities beneficially owned, and number
of shares of Class B Common Stock beneficially owned: 
  

	4.	Beneficial Ownership of Securities of the Company Owned by the Selling Security Holder: 

 Except as set
forth below in this Item (4), the undersigned is not the beneficial or registered owner of any securities of the Company, other than the Registrable Securities listed above in Item (3). 

 Type and amount of other securities beneficially owned by the Selling Security Holder: 

 

	5.	Relationship with the Company 

 Except as set forth below, neither the undersigned nor any of its affiliates,
officers, directors or principal equity holders (5% or more) has held any position or office or has had any other material relationship with the Company (or its predecessors or affiliates) during the past three years. 

State any exceptions here: 
  

	6.	Plan of Distribution 

 Except as set forth below, the undersigned (including its donees or pledgees) intends
to distribute the Registrable Securities listed above in Item (3) pursuant to the Shelf Registration Statement only as follows and will not be offering any of such Registrable Securities pursuant to an agreement, arrangement or understanding
entered into with a broker or dealer prior to the effective date of the Shelf Registration Statement. Such Registrable Securities may be sold from time to time directly by the undersigned or, alternatively, through underwriters or
broker-dealers or agents. If the Registrable Securities are sold through underwriters or broker-dealers, the Selling Security Holder will be responsible for underwriting discounts or commissions or agent’s commissions. Such Registrable
Securities may be sold in one or more transactions at fixed prices, at prevailing market prices at the time of sale, at varying prices determined at the time of sale, or at negotiated prices. Such sales may be effected in transactions (which may
involve crosses or block transactions) 
 (i) on any national securities exchange or quotation service on which the Registrable
Securities may be listed or quoted at the time of sale; 
 (ii) in the over-the-counter market; 

(iii) in transactions otherwise than on such exchanges or services or in the over-the-counter market; or 

(iv) through the writing of options. 

In connection with sales of the Registrable Securities or otherwise, the undersigned may enter into hedging transactions with broker-dealers,
which may in turn engage in short sales of the Registrable Securities and deliver Registrable Securities to close out such short positions, or loan or pledge Registrable Securities to broker-dealers that in turn may sell such securities. 

State any exceptions here: 
 Note: In no
event may such method(s) of distribution take the form of an underwritten offering of the Registrable Securities without the prior written agreement of the Company. 

ACKNOWLEDGEMENTS 
 The
undersigned acknowledges that it understands its obligation to comply with the provisions of the Securities Exchange Act of 1934, as amended, and the rules thereunder relating to stock manipulation, particularly Regulation M thereunder (or any
successor rules or regulations), in connection with any offering of Registrable Securities pursuant to the Registration Rights Agreement. The undersigned agrees that neither it nor any person acting on its behalf will engage in any transaction in
violation of such provisions. 

 The Selling Security Holder hereby acknowledges its obligations under the Registration Rights
Agreement to indemnify and hold harmless certain persons set forth therein. Pursuant to the Registration Rights Agreement, the Company has agreed under certain circumstances to indemnify the Selling Security Holders against certain liabilities. 

In accordance with the undersigned’s obligation under the Registration Rights Agreement to provide such information as may be required by
law for inclusion in the Shelf Registration Statement, the undersigned agrees to promptly notify the Company of any inaccuracies or changes in the information provided herein that may occur subsequent to the date hereof at any time while the Shelf
Registration Statement remains effective. All notices hereunder and pursuant to the Registration Rights Agreement shall be made in writing at the address set forth below. 

In the event that the undersigned transfers all or any portion of the Registrable Securities listed in Item 3 above after the date on
which such information is provided to the Company, the undersigned agrees to notify the transferee(s) at the time of transfer of its rights and obligations under this Notice and Questionnaire and the Registration Rights Agreement. 

By signing this Notice and Questionnaire, the undersigned consents to the disclosure of the information contained herein in its answers to
Items (1) through (6) above and the inclusion of such information in the Shelf Registration Statement and the related prospectus. The undersigned understands that such information will be relied upon by the Company in connection with the
preparation or amendment of the Shelf Registration Statement and the related prospectus. 
 Once this Notice and Questionnaire is executed
by the Selling Security Holder and received by the Company, the terms of this Notice and Questionnaire and the representations and warranties contained herein shall be binding on, shall insure to the benefit of and shall be enforceable by the
respective successors, heirs, personal representatives and assigns of the Company and the Selling Security Holder with respect to the Registrable Securities beneficially owned by such Selling Security Holder and listed in Item 3 above. 

This Notice and Questionnaire shall be governed by, and construed in accordance with, the laws of the State of New York. 

IN WITNESS WHEREOF, the undersigned, by authority duly given, has caused this Notice and Questionnaire to be executed and delivered either in
person or by its duly authorized agent. 
  

			
	Beneficial Owner
		
	By:	 	  

	Name:	 	
	Title:	 	

 Dated: 
 Please return
the completed and executed Notice and Questionnaire to: 
 Caesars Acquisition Company 

1 Caesar Palace Drive 
 Las Vegas,
Nevada, 89109 
 Tel: 702-407-6000 

Fax: 
 Attention:EX-10.4

 Exhibit 10.4 

MANAGEMENT SERVICES AGREEMENT 

This Management Services Agreement (this “Agreement”) is dated as of October     , 2013 (the
“Effective Date”) and is made and entered into by and among Caesars Entertainment Operating Company, Inc., a Delaware corporation (the “Service Provider”), Caesars Acquisition Company, a Delaware corporation
(“CAC”) and Caesars Growth Partners, LLC, a Delaware limited liability company (“Growth Partners”). 

RECITALS 
 A. The
Service Provider has experience in providing services to gaming and related businesses. 
 B. On or about the date hereof, CAC, Growth
Partners, Caesars Entertainment Corporation, a Delaware corporation (“CEC”), and certain subsidiaries of CEC entered into that certain Transaction Agreement (the “Transaction Agreement”), pursuant to which Growth
Partners agreed to acquire, via contribution and sale, certain assets originally held by CEC or certain of its subsidiaries. 
 C. CAC and
Growth Partners desire to engage the Service Provider to provide the services set forth herein, and the Service Provider is willing to perform such services, in each case, on the terms and under the conditions set forth herein. 

AGREEMENT 
 NOW,
THEREFORE, in consideration of the mutual promises contained in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and with the intention of being bound by this Agreement, the
parties agree as follows: 
 ARTICLE I. 

DEFINITIONS 
 1.01
Definitions. The following defined terms are used in this Agreement: 
 “Affiliate” shall mean, when used with
reference to a specific Person: 
 (i) any Person who is an officer, partner, manager, member or trustee of, or serves in a similar capacity
with respect to, the specified Person; 
 (ii) any partnership, limited liability company, corporation, trust or other entity of which the
specified Person is a general partner, officer, Service Provider, managing member, trustee or serves in a similar capacity or is directly or indirectly the owner of a majority of the partnership interests, limited liability company interests, a
majority of a class of equity securities (in the case of publicly held securities, any portion of a class of such securities aggregating at least five percent (5%) of such securities), or in which such Person has a majority beneficial interest;

 (iii) any Person (or any officer, general partner, Service Provider, managing member or trustee,
or, one who serves in a similar capacity with respect to such Person) that directly or indirectly through one or more intermediaries Controls or is Controlled by or under common Control with such specified Person; and/or 

(iv) when used in reference to any of the parties hereto, any Person that directly or indirectly through one or more intermediaries Controls
or is Controlled by or is under common Control with any one or more of the beneficial owners of such party hereto. 
 “Affiliated
Entities” shall mean entities which (i) are not wholly owned by the Service Provider or its subsidiaries and (ii) own facilities which are managed by the Service Provider or its subsidiaries (i.e., joint venture partners which own
facilities managed by the Service Provider or its subsidiaries). 
 “Agreement” is defined in the preamble. 

“Annual Plan Confirmation” is defined in Section 3.04(a). 

“Applicable Laws” shall mean all laws, rules, regulations and orders of the United States of America and all states, counties
and municipalities in which the Service Provider and the respective Recipients conduct business. 
 “Bank Accounts” is
defined in Section 3.05(a). 
 “Business Days” shall mean all weekdays except those that are official holidays
of employees of the United States government. Unless specifically stated as “Business Days,” a reference in this Agreement to “days” means calendar days. 

“CAC” is defined in the preamble. 

“CEC” is defined in the recitals. 

“Competitor” shall mean, as of the date of a proposed disclosure under Section 10.03, any Person (other than the
Service Provider, Recipient and any of their Affiliates) that is engaged, or is an Affiliate of a Person that is engaged, in the business ownership or operation of a Gaming business. 

“Control” shall mean the ability, whether by the direct or indirect ownership of an equity interest, by contract or
otherwise, to: 
 (i) in the case of a corporation, elect a majority of the directors of a corporation; 

(ii) in the case of a partnership, select the managing partner of a partnership, or direct the votes of the partner or partners with authority
to make decisions on behalf of the partnership; 

  
 2 

 (iii) in the case of a limited partnership, select or direct the votes of the sole general
partner, all of the general partners to the extent that each has management control and authority, or the managing general partner or managing general partners thereof; 

(iv) in the case of a limited liability company, select or direct the votes of the managing member(s) or manager(s) thereof; and 

(v) otherwise, to select, or to remove and select, a majority of those Persons exercising governing authority over an entity. 

“Controls” and “Controlled” shall have correlative meanings to “Control.” 

“Cost Center” is defined in Section 5.01. 

“Current Allocation Spreadsheet” is defined in Section 3.04(a). 

“Direct Charges” shall mean any amounts payable to third parties that are arranged or managed by the Service Provider for the
account of a Recipient and are charged directly by the third party to such Recipient; provided that no cost included in any Cost Center set forth in the Annual Plan shall be a “Direct Charge”. 

“Effective Date” is defined in the preamble. 

“Event of Default” is defined in Section 9.01. 

“Existing Bank Accounts” is defined in Section 3.05(a). 

“GAAP” shall mean those conventions, rules, procedures and practices, consistently applied, affecting all aspects of
recording and reporting financial transactions which are generally accepted by major independent accounting firms in the United States at the time in question. Any financial or accounting terms not otherwise defined herein shall be construed and
applied according to GAAP. 
 “Gaming” shall mean casinos, slot machines, video lottery terminals, racetracks, racinos,
pari mutual wagering, social online and mobile gaming, online real money gaming, interactive gaming, poker tournaments and any other form of wagering or other gaming activities that may be authorized from time to time by Applicable Law in a
particular jurisdiction. 
 “Gaming Authority” shall mean any gaming control board or regulatory authority governing gaming
in states or countries in which any Recipient or its Affiliates currently conducts or in the future may conduct Gaming operations. 

“Gaming Taxes” shall mean any tax imposed on Gaming activities by any Gaming Authorities. 

“Growth Partners” is defined in the preamble. 

  
 3 

 “Licensed Activities” is defined in Section 3.07(b). 

“Logo” is defined in Section 3.07(b). 

“Management Agreements” shall mean (i) the Hotel and Casino Management Agreement, dated as of February 19, 2010,
between PHW Las Vegas, LLC (as assigned to PHWLV, LLC on the Effective Date) and PHW Manager, LLC (as such document may be amended from time to time), (ii) the Management Agreement, dated October 23, 2012, between CBAC Borrower, LLC and
Caesars Baltimore Management Company, LLC (as such document may be amended from time to time), (iii) the Shared Services Agreement, dated as of May 1, 2009, between the Service Provider, HIE Holdings, Inc. and Caesars Interactive
Entertainment, Inc. (as such document may be amended from time to time) and (iv) any newly negotiated agreements under which hotel and/or casino management services are provided to a subsidiary of CAC or Growth Partners in the case of future
acquisitions or investments acquired after the date hereof. 
 “New Bank Accounts” is defined in
Section 3.05(a). 
 “Person” shall mean any individual, partnership, limited partnership, limited liability
company, corporation, unincorporated association, joint venture, trust generated entity or other entity. 
 “Prohibited
Person” means any Person that: (i) is a Competitor; (ii) is generally recognized in the community as being a Person of ill repute or who has or is reasonably believed to have an adverse reputation or character, in either case
which is more likely than not to (A) have a material adverse effect on the Service Provider, CEC or any of their respective Affiliates or (B) make such Person unsuitable under any laws pertaining to Gaming to hold a Gaming license or to be
associated with a Gaming licensee or otherwise jeopardizes any of the Gaming licenses of the Service Provider, CEC or any of their respective Affiliates; or (iii) is a Person that is more likely than not to jeopardize the ability of the Service
Provider, CEC or any of their respective Affiliates to hold a Gaming license or to be associated with a Gaming licensee under any laws of any Gaming Authorities (excluding any Gaming Authority established by any Native American tribe). 

“Project” is defined in Section 3.15. 

“Project Development Costs” is defined in Section 3.15. 

“Proposed Annual Plan” is defined in Section 3.04(a). 

“Recipients” shall mean CAC, Growth Partners, and each of their current and future subsidiaries. 

“Service Provider” is defined in the preamble. 

“Service Provider Confidential Information” shall mean information relating to the Service Provider’s business that
derives value, actual or potential, from not being generally known to others (including information disclosed to the Service Provider by the Service 

  
 4 

 
Provider’s service providers and licensors under an obligation of confidentiality), including all manuals, Service Provider Proprietary Information and Systems, fees and terms of all
Services, and any documents and information specifically designated by the Service Provider orally or in writing as confidential or by its nature would reasonably be understood to be confidential or proprietary, to which any Recipient obtains access
by virtue of the relationship between the parties. 
 “Service Provider Proprietary Information and Systems” is defined in
Section 3.08(b). 
 “Services” shall mean all of the services to be provided by the Service Provider to the
Recipients as set forth in Article III of this Agreement. 
 “Services Fee” is defined in
Section 5.01. 
 “Term” is defined in Section 2.02. 

“Trade Secrets” shall mean all worldwide rights in, arising out of, or associated with confidential information, trade
secrets, and nonpublic know-how, including business methods and plans, customer and supplier information and lists. 
 “Transaction
Agreement” is defined in the recitals. 
 “Unavoidable Delays” is defined in Section 13.08. 

“Updating Principles” is defined in Section 3.04(a). 

“Website” is defined in Section 3.07(b). 

“Year” is defined in Section 3.01. 

ARTICLE II.  

APPOINTMENT/TERM 

2.01 Appointment. Each Recipient, severally and not jointly and severally, hereby appoints and employs the Service Provider to provide
the Services upon the terms and conditions set forth herein. The Service Provider hereby accepts each such appointment and undertakes to provide the Services upon the terms and conditions hereinafter set forth. For the avoidance of doubt, there
shall be no duplication of services provided under the Management Agreements and the Services provided by Service Provider under this Agreement. To the extent there is a conflict between this Agreement and any Management Agreement, the applicable
Management Agreement shall govern and control. 
 2.02 Term. The term of this Agreement (the “Term”) shall commence
upon the Effective Date and, unless earlier terminated in accordance with the terms hereof, shall terminate in accordance with Section 10.01. 

  
 5 

 ARTICLE III.  

SERVICES 
 3.01
Accounting Systems and Books and Records. The Service Provider shall maintain a complete accounting system in connection with the operation of each Recipient’s business. Separate books and accounts shall be kept for each Recipient. The
books and records shall be kept in accordance with GAAP and U.S. tax laws. Such books and records may be kept on a calendar year basis or, to the extent consistent with Section 706 of the Code (as defined in the Transaction Agreement), fiscal
year basis (either, a “Year”) as determined by each Recipient’s chief financial officer, or, if no such determination is provided, by the Service Provider in its reasonable discretion. Books and accounts shall be maintained at
such location(s) as may be reasonably determined by the Service Provider. The Service Provider shall use its commercially reasonable efforts to comply with all requirements with respect to internal controls in accounting. 

3.02 Access to Records. Each Recipient shall at all reasonable times have access to and the right to copy the Service Provider’s
books and records relating to such Recipient. This Section 3.02 shall survive the expiration or earlier termination of this Agreement until the seventh (7th) anniversary thereof.

 3.03 Financial Statements; Audits. The Service Provider shall prepare financial statements of each Recipient, individually and/or
as a consolidated group, as reasonably required by Applicable Law and as requested by the Recipient. The financial statements shall be kept in accordance with GAAP and U.S. federal tax laws, or as otherwise determined by the Service Provider in
consultation with the Recipients. CAC shall engage, on behalf of the Recipients, a nationally recognized reputable public accounting firm, acceptable to the Service Provider in its reasonable discretion, to audit the financial statements of each
Recipient, individually and/or as a consolidated group, and/or as otherwise determined by the Recipient, as appropriate, as of and at the end of each calendar or fiscal year (or portion thereof) occurring after the date hereof. 

3.04 Operating and Capital Budgets and Annual Plans. 

(a) On or prior to the Effective Date, the Service Provider has submitted to each Recipient a spreadsheet outlining the current allocations
and allocation methodology for each of the Cost Centers set forth in Section 5.01 as utilized by Affiliates of Service Provider for the Service Provider’s current fiscal year (the “Current Allocation Spreadsheet”).
The Current Allocation Spreadsheet, which is agreed upon by the parties, is attached hereto as Exhibit A. The Service Provider may update the Current Allocation Spreadsheet without the approval of the Recipients only as follows: (i) for
the amount of the allocations, annually in connection with the Proposed Annual Plan, but only to the extent such changes apply on a non-discriminatory basis to all Affiliated Entities of the Service Provider and there is no change in the applied
allocation methodology, (ii) for the allocation methodology, at any time, but only to the extent such changes do not result in a material increase to the costs allocated to the Recipient ((i) and/or (ii), the “Updating
Principles”). Unless otherwise authorized and directed by CAC, at least ninety (90) days prior to the start of each Year of Growth Partners, commencing with the Year ending December 31, 2014, the Service Provider shall prepare and
submit to the Recipients a proposed annual plan setting forth the estimated 

  
 6 

 
operating and capital budget and business plan for such Year (each such annual plan, a “Proposed Annual Plan”). The initial Proposed Annual Plan for the remainder of the initial
calendar year of this Agreement, which is agreed upon by the parties, is attached hereto as Exhibit B. The Proposed Annual Plan as approved by the Recipients together with the Annual Plan Confirmation (as hereinafter defined) approved by the
Recipients shall collectively be the “Annual Plan” for the Year in question. Each Proposed Annual Plan shall include (a) a detailed forecast comprised of estimated income and expenses by month for the coming Year, (b) a detailed
estimated cash flow projection by month, (c) an estimate of the Service Fee detailed by Cost Center as set forth in Section 5.01, and (d) any anticipated reimbursable expenses by line item and category and detailed estimates of
any other amounts payable by each Recipient to the Service Provider under this Agreement. Subject to the Updating Principles, no Proposed Annual Plan shall be inconsistent with the Current Allocation Spreadsheet in effect in any material respect,
unless otherwise agreed by the Service Provider and the Recipients. The Recipients shall review each Proposed Annual Plan. If the Recipients are unable to reach a decision regarding the approval of all or a portion of any Proposed Annual Plan and
inform the Service Provider of such, the Recipients will be deemed to object to the portions of such Proposed Annual Plan that have not been approved by a majority of the Recipients. If the Recipients object to or are deemed to object to all or any
portion of any Proposed Annual Plan, the Recipients shall provide the Service Provider with any objections in writing, in reasonable detail, as soon as practicable. At the request of any Recipient, the Service Provider will make itself available to
the Recipients to discuss the Proposed Annual Plan and will provide a statement showing budgeted expenses (and any prior Year’s actual expenses) attributable to such Recipient’s portion of the total allocations. If the Recipients fail to
approve any portion of a Proposed Annual Plan in accordance with this Section, then the portions of the Proposed Annual Plan to which the Recipients have not properly objected shall be effective and, with respect to any items objected to by the
Recipients, the Annual Plan approved for the prior Year shall govern with respect to such items until the Recipients approve an Annual Plan. On or before December 15th of each Year, the
Service Provider shall confirm, or shall identify any deviations from, the estimates set forth in the Proposed Annual Plan (the “Annual Plan Confirmation”). Subject to the Updating Principles, no Annual Plan Confirmation shall be
inconsistent with the Current Allocation Spreadsheet in effect in any material respect, unless otherwise agreed by the Service Provider and the Recipients. If the Annual Plan Confirmation has not changed (other than in any de minimis respect) since
the submission of the Proposed Annual Plan, and the Proposed Annual Plan has been approved by the Recipients, such Proposed Annual Plan shall be the Annual Plan for the subsequent Year. If the Annual Plan Confirmation differs in any non-de minimis
respect from the Proposed Annual Plan, the Recipients shall have the right to approve all such changes and will be deemed to object to all such changes that have not been approved by a majority of the Recipients. The portions of the Proposed Annual
Plan and the Annual Plan Confirmation that were approved by a majority of Recipients shall be effective with respect to such portions for the next Year and the portions of the Proposed Annual Plan and/or Annual Plan Confirmation that were objected
to by the Recipients shall be governed by the prior Year’s Annual Plan. The parties shall use good faith efforts to reach an agreement on the Annual Plan prior to the commencement of the Year to which such Annual Plan relates. The Service
Provider, CAC and Growth Partners shall work together in good faith to finalize each Annual Plan. Any unresolved disputes regarding the Annual Plan shall be resolved in accordance with Article XII hereof. The Service Provider shall provide
the Services hereunder in accordance 

  
 7 

 
with the Annual Plan. The written consent of the Recipients shall be required to increase any line item in the Annual Plan; provided, however that the Service Provider may increase or
decrease any such line item without Recipients’ consent so long as (i) such change is necessary to reflect a material change in the services required for that line item from the service anticipated to be required at the time the Annual
Plan was approved, (ii) such amount does not cause a change that exceeds fifteen percent (15%) of such approved lien item in the Annual Plan, (iii) such increase is applied on a non-discriminatory basis to all Affiliate Entities of
the Service Provider that receive an allocation for the Cost Center to which such line item increase relates, (iv) the Service Provider provides the Recipients with at least sixty (60) days’ prior notice, to the extent practicable, of
such increase, and (v) the Service Provider provides the Recipients with reasonable documentation supporting the need for such increase, where applicable. 

(b) Subject to receipt of any required approvals from Gaming Authorities, the Recipients may elect, in their sole discretion, to relieve the
Service Provider of its obligation to provide certain Services hereunder, provided that (i) such Recipient provides written notice of such election to the Service Provider at least one hundred and eighty (180) days prior to the termination
of such Services and (ii) such Recipient or its Affiliates (and not, for example, a third-party service provider) will provide such terminated Service in substitution for the Service Provider. If the Recipients make such an election, the
Service Provider shall cease performing such Services as specified in the election notice and the line item(s) set forth in the Annual Plan for such Services shall be decreased by the estimated costs and expenses for such Services, including without
limitation, any allocation of any Cost Center to the extent attributable to such Services. 
 3.05 Treasury. 

(a) The Recipients (or, at the request of any Recipient, the Service Provider) shall each establish, if necessary, one or more bank accounts
at banking institutions chosen by such Recipient and reasonably acceptable to the Service Provider (such account or accounts are hereinafter collectively referred to as the “New Bank Accounts”), and the Service Provider shall
provide treasury and cash management functions to and on behalf of each Recipient. The Bank Accounts shall be in the applicable Recipient’s name or in the name of the Service Provider if directed by the Recipients. The Service Provider may
transfer funds from and among the New Bank Accounts and any bank accounts established by the Recipients prior to the date hereof (the “Existing Bank Accounts”, together with the New Bank Accounts, the “Bank
Accounts”). Each Recipient hereby authorizes the Treasurer and Assistant Treasurer of the Service Provider and their designees to sign for and otherwise manage the Bank Accounts. The Service Provider shall not commingle funds of the Service
Provider and/or its Affiliates (excluding the Recipients) with funds of the Recipients. 
 (b) The Service Provider shall have the power to
arrange for letters of credit for each Recipient on (x) a several, and not joint and several, basis and (y) an as needed basis and shall allocate the costs associated with such letters of credit to the applicable Recipient. 

(c) The Service Provider may, in its reasonable discretion and in accordance with the Annual Plan, pay outstanding accounts payable, payroll
and other expenses on behalf of each Recipient, and each applicable Recipient agrees to reimburse the Service Provider for such expenses without markup except to the extent such costs are included in any Cost Center set forth in the Annual Plan.

  
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 3.06 Regulatory Filings. The Service Provider shall prepare and file all reports required
to be filed by each Recipient by each applicable Gaming Authority, the U.S. Securities and Exchange Commission or any other governmental authority. The out-of-pocket cost of preparing and filing such reports shall be a Direct Charge to the
respective Recipients unless otherwise included in any Cost Center set forth in the Annual Plan. 
 3.07 Service Provider Trademarks.

 (a) The Service Provider, on behalf of itself and its subsidiaries, grants to each Recipient the right during the Term to use the CAESARS
mark solely in each of their entity names, as applicable. For the avoidance of doubt, the foregoing license does not include the right to use the CAESARS mark in connection with the sale or marketing of any goods or services. To the extent that any
goodwill arises in connection with any Recipient’s use of the CAESARS mark in its entity name, such goodwill shall inure to the sole benefit of the Service Provider or its applicable subsidiary. 

(b) The Service Provider, on behalf of itself and its subsidiaries, further grants to CAC and Growth Partners the right to use the CAESARS
mark and the CAESARS logo set forth on Exhibit C attached hereto (the “Logo”) on a non-exclusive, non-assignable, non-sublicensable, royalty-free basis during the Term solely (i) for corporate identification purposes,
(ii) for use as the domain name, which will be registered and owned by the Service Provider, for the hosting of a website maintained by the Service Provider on behalf of CAC (the “Website”) for such identification purposes, and
(iii) any non-revenue generating uses incidental thereto (collectively, the “Licensed Activities”). To the extent that any goodwill arises from any Recipient’s use of the CAESARS mark and/or the Logo in connection with the
Licensed Activities, such goodwill shall inure to the sole benefit of the Service Provider or its applicable subsidiary. Any and all uses of the CAESARS mark and the Logo in connection with the Licensed Activities, including the use of the CAESARS
mark or the Logo on any materials or on the Website, shall be subject to the prior consent of the Service Provider. The Recipients shall use the CAESARS mark and the Logo only in connection with the Licensed Activities and, for the avoidance of
doubt, each Recipient acknowledges and agrees that the Licensed Activities shall not include the sale or promotion of any products branded with the CAESARS mark or the Logo. The Recipients shall not (x) modify the CAESARS mark or the Logo,
(y) use the CAESARS mark or the Logo in connection with any third party trademark, or (z) use the CAESARS mark as part of any other domain name or URL, in each case, without the prior consent of the Service Provider. Each Recipient hereby
acknowledges and agrees that, as between the parties, the Service Provider, or its applicable subsidiary, owns all right, title and interest in and to the CAESARS mark and the Logo. 

3.08 Service Provider Proprietary Information and Systems. 

(a) The Service Provider will make available to each Recipient the Service Provider Proprietary Information and Systems. For the avoidance of
doubt, certain Service Provider Proprietary Information and Systems may also be provided to certain Recipients under the respective Management Agreements. 

  
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 (b) Each Recipient agrees that the Service Provider has the sole and exclusive right, title and
ownership to: 
 (i) certain proprietary information, techniques and methods of operating gaming, hotel and related businesses; 

(ii) certain proprietary information, techniques and methods of designing games used in gaming and related businesses; 

(iii) certain proprietary information, techniques and methods of training employees in the gaming, hotel and related business; and 

(iv) certain proprietary business plans, projections and marketing, advertising and promotion plans, strategies, and systems (collectively
items (i)-(iv), the “Service Provider Proprietary Information and Systems”); 
 in the case of (i) through (iv) which have been
developed and/or acquired over many years through the expenditure of time, money and effort and which the Service Provider and its Affiliates maintain as confidential and as Trade Secret(s). 

(c) Each Recipient further agrees to maintain the confidentiality of such Service Provider Proprietary Information and Systems, and upon the
termination of this Agreement, to return the same to the Service Provider, including but not limited to, documents, notes, memoranda, lists, computer programs and any summaries of such Service Provider Proprietary Information and Systems. The
Service Provider will grant the Recipients a non-exclusive, limited right and license for the duration of the Term to use all or a portion of the Service Provider Proprietary Information and Systems solely to the extent necessary for the Recipients
to use the books, records and other information maintained by the Service Provider hereunder in accordance with the terms and conditions of this Agreement. Service Provider Proprietary Information and Systems specifically excludes any information or
documents otherwise falling within (i)-(iv) above, if the same is prepared, designed or created solely for the use and benefit of a Recipient or its respective predecessors. 

3.09 Centralized Services. The Service Provider will provide corporate functions to each Recipient, including without limitation,
information technology and related software services, information systems, website management, vendor relationship management, real estate, strategic sourcing, design and construction, regulatory compliance functions, finance and accounting,
consolidated finance operations, risk management, internal audit, tax, record keeping and subsidiary management, treasury functions, consultancy and lobbying services, human resources, compensation, benefits, marketing and public relations, legal,
payroll, accounts payable, security and surveillance, government relations, communications and data access services. The Service Provider shall pass through any discounts, rebates or similar incentives received by the Service Provider or its
Affiliates in connection with the provision of services under this Agreement. 

  
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 3.10 Business Advisory Services. The Service Provider will provide each Recipient with
certain business advisory services, including without limitation: (a) developing and implementing corporate and business strategy and planning, (b) identifying, analyzing, preparing for, negotiating, structuring and executing acquisitions,
joint ventures, development activities, divestitures, investments and/or other opportunistic uses of capital, (c) legal and accounting consultancy services, (d) design and construction consultancy services and (e) analyzing and
executing financing activities. 
 3.11 Excluded Services. The Services shall not include any property or asset-specific management
services, which, for the avoidance of doubt, will be provided pursuant to the Management Agreements. 
 3.12 Operating
Reimbursements. Except as otherwise specifically stated herein, the Service Provider and the Recipients agree that they shall allocate costs, expenses, deposits, cash, assets and other similar items based on the use of such items by the parties,
regardless of the contracting party therefor. Items that shall be allocated include, but shall not be limited to, deposits, payroll expenses, marketing programs, charitable contributions, and regulatory imposed payments. Each Recipient and the
Service Provider agree to negotiate in good faith the proper allocation of such items; provided that no amount shall be allocated to any Recipient to the extent that such cost is included in any Cost Center allocated to such Recipient in the Annual
Plan. 
 3.13 Changes to Services. 

(a) The parties may agree to modify the terms and conditions of the Service Provider’s performance of any Service in order to reflect new
procedures, processes or other methods of providing such Service. The parties will negotiate in good faith the terms and conditions upon which the Service Provider would be willing to implement such change. 

(b) Notwithstanding any provision of this Agreement to the contrary, the Service Provider may make: (i) changes to the process of
performing a particular Service that do not adversely affect the benefits to any Recipient of the Service Provider’s provision or quality of such Service in any material respect or increase any Recipient’s cost for such Service;
(ii) emergency changes on a temporary and short-term basis; and/or (iii) changes to a particular Service in order to comply with Applicable Law, so long as such changes are applied on a non-discriminatory basis to similar services provided
to Affiliated Entities, in each case without obtaining the prior consent of any Recipient. However, the Recipients shall, to the extent practicable, be notified in writing within a reasonable time prior to any such changes. 

3.14 Additional Services. The Recipients may, from time to time, request additional services that are not contemplated above. The
parties agree to negotiate in good faith the terms and conditions, if at all, by which the Service Provider would be willing to perform such additional services. The parties agree that the Service Provider shall not have any obligation to agree to
provide any additional services. 
 3.15 Development Costs. If CEOC or its Affiliates investigate or begin development of a potential
investment opportunity of the type that CEOC reasonably believes it 

  
 11 

 
could offer to Growth Partners pursuant to the terms of the limited liability company agreement of Growth Partners (a “Project”), then the out-of-pocket third party costs and the
internal allocated costs of such project (collectively, the “Project Development Costs”) shall be shared equally by Growth Partners and CEOC. Internal allocated costs of such project shall be calculated and allocated on a basis
consistent with the then current method of calculation and allocation of such internal development costs by CEOC for its own projects. All third party Project Development Costs shall be paid directly by CEOC or its Affiliates (other than by
Recipients) and Growth Partners will reimburse CEOC for Growth Partners’ share of such Project Development Costs. On a quarterly basis, CEOC shall invoice Growth Partners for its share of the Project Development Costs incurred in the applicable
quarter and Growth Partners shall pay such invoiced amounts within sixty (60) days after receipt of such invoice; provided, however, that the allocation to Growth Partners of any deposits, option fees, application fees, payments
to potential partners and other similar capital investments shall require the prior approval of Growth Partners for any item or series of related items in excess of Two Hundred Fifty Thousand Dollars ($250,000). If a Project is pursued by Growth
Partners (or its subsidiaries) without any ownership interest in such Project or management rights to be held by CEOC or its Affiliates (other than Recipients), Growth Partners shall pay all Project Development Costs attributable to such Project
(and shall reimburse CEOC for any Project Development Costs related to such Project that had not been previously reimbursed by Growth Partners). If a Project is pursued by CEOC or its Affiliates (other than the Recipients) without any ownership
interest in such Project to be held by the Recipients or their Affiliates (other than the Service Provider), CEOC shall pay all Project Development Costs attributable to such Project (and shall reimburse Growth Partners for any Project Development
Costs incurred for such Project that had been previously reimbursed by Growth Partners). The Service Provider shall establish a separate Cost Center for each Project. 

ARTICLE IV. 

PERFORMANCE OF SERVICES 

4.01 Standards. Subject to and in accordance with the Annual Plan, the Service Provider shall perform the Services on a
non-discriminatory basis, in a first-class manner, using its commercially reasonable efforts to provide the Services in the same manner as if the Service Provider was providing such Services for itself or its subsidiaries. Actions taken by the
Service Provider in good faith consistent with the foregoing shall not constitute a breach of this Agreement unless such action materially violates an express provision of this Agreement. The Service Provider shall provide the Services at the
request of any officer or director of CAC or Growth Partners. 
 4.02 Employees. The Service Provider shall determine the fitness and
qualifications of all employees performing the Services (except for any employees employed by a Recipient). The Service Provider shall hire, supervise, direct the work of, and discharge of all such employees. The Service Provider shall determine the
wages and conditions of employment of all such employees. All wages, bonuses, compensation, benefits, termination or severance expenses or liabilities, pension fund contribution obligations or liabilities, and other costs, benefits, expenses or
liabilities and entitlements of or in connection with employees employed in connection with the Services shall be the Service Provider’s responsibility. 

  
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 4.03 Independent Contractors. Subject to and in accordance with the Annual Plan, the
Service Provider may hire consultants, independent contractors, or subcontractors, including Affiliates, to perform all or any part of a Service hereunder. The Service Provider shall be authorized to enter into agreements on behalf of, and in the
name of, a Recipient in connection with any or all of the Services. The Service Provider will remain fully responsible for the performance of its obligations under this Agreement, including any performance by such consultants, independent
contractors, or subcontractors, and the Service Provider will be solely responsible for payments due to its independent contractors unless such payments are part of a designated Direct Charge. All debts and liabilities incurred by the Service
Provider within the scope of the authority granted and permitted hereunder in the course of its provision of the Services shall be the debts and liabilities of the respective Recipient only, and the Service Provider shall not be liable for such
debts and liabilities except as specifically stated to the contrary herein. 
 4.04 Agency and Agency Waivers. The relationship
between the parties hereto shall be that of principal, in the case of each Recipient, and agent, in the case of the Service Provider. Nothing herein contained shall be deemed or construed to render the parties hereto partners, joint venturers,
landlord/tenant or any relationship other than that of principal and agent. To the extent there is any inconsistency between the common law fiduciary duties and responsibilities of principals and agents, and the provisions of this Agreement, the
provisions of this Agreement shall prevail, it being the intention of the parties that this Agreement shall be deemed a waiver by the Recipients of any fiduciary duties owed by an agent to its principal, and a waiver by the Service Provider of any
obligations of a principal to its agent, to the extent the same are inconsistent with, or would have the effect of modifying, limiting or restricting, the express provisions of this Agreement, the intention of the parties being that this Agreement
shall be interpreted in accordance with general principles of contract interpretation without regard to the common law of agency except as expressly incorporated in the provisions of this Agreement. In no event shall the Service Provider be deemed
in breach of its duties hereunder solely by reason of (a) the failure of the financial performance of any Recipient’s business to meet such Recipient’s expectations or income projections or any operating budget or annual plans,
(b) the acts of any Recipient’s employees, (c) the institution of litigation or the entry of judgments against any Recipient or Recipient’s business, or (d) any other acts or omissions not otherwise constituting a material
breach of this Agreement. 
 4.05 Affiliate Transactions. The fact that the Service Provider or an Affiliate thereof, or a
stockholder, director, officer, member, or employee of the Service Provider or an Affiliate thereof, is employed by, or is directly or indirectly interested in or connected with, any Person which may be employed by a Recipient to render or perform a
service, or from which the Service Provider may purchase any property, shall not prohibit the Service Provider from employing such Person or otherwise dealing with such Person. 

4.06 Cooperation of Recipients and the Service Provider. The Recipients and the Service Provider shall cooperate fully with each other
during the Term to procure and maintain all licenses and operating permits, if any, necessary or advisable for the Service Provider to provide Services hereunder and to facilitate each party’s performance of this Agreement. The Recipients shall
provide the Service Provider with such information as is necessary to the performance by the Service Provider of its obligations hereunder and as may be reasonably requested by the Service Provider from time to time. 

  
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 ARTICLE V. 

SERVICES FEE, EQUITY AND EXPENSES 

5.01 Services Fee. The Service Provider shall charge each Recipient a fee for the Services (the “Services Fee”) equal
to the sum of (x) the allocated all-in costs (as determined based on an allocation of personnel time (as determined in a manner consistent with methodologies used by the Service Provider for similar services provided to Affiliated Entities) and
actual out of pocket costs all as set forth in the Annual Plan (as it may be adjusted in accordance with Section 3.04(a)) plus (y) a profit margin of ten percent (10%)) for the Service Provider’s provision of services to
the Recipients characterized by the following categories of costs centers (each a “Cost Center”) established by the Service Provider: 

(a) “Controller” accounting for costs incurred in connection with the provision of general accounting services; 

(b) “Chief Accounting Officer” accounting for costs incurred in connection with the provision of audit services and technical
accounting services; 
 (c) “Corporate Planning” accounting for costs incurred in connection with the provision of corporate
finance services for financing and refinancing transactions; 
 (d) “Investor Relations” accounting for costs incurred in
connection with the provision of investor relations services; 
 (e) “External Communications” accounting for costs incurred in
connection with the provision of external communications services and corporate level public relations services; 
 (f)
“Communications” accounting for costs incurred in connection with the provision of internal communications services; 
 (g)
“Legal” accounting for costs incurred in connection with the provision of legal services (including, without limitation, services of the General Counsel, litigation support, development support, real estate support, labor and employment
advice and compliance); 
 (h) “Internal Audit” accounting for costs incurred in connection with the provision of corporate level
audit services; 
 (i) “Accounting Systems” accounting for costs incurred in connection with the provision of accounting systems
and support; 
 (j) “Corporate Tax” accounting for costs incurred in connection with the provision of tax support (including the
preparation and filing of all statutory tax returns); 

  
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 (k) “Treasury” accounting for costs incurred in connection with treasury support and
cash management services; 
 (l) “Consolidated Analysis” accounting for costs incurred in connection with the provision of
financial support for all corporate functions; 
 (m) “Consolidated Reporting” accounting for costs incurred in connection with
the provision of support in connection with statutory reporting requirements; and 
 (n) such other Cost Centers as may be approved by the
Recipients in the Annual Plan. 
 Each of the Cost Centers set forth above shall be described with more particularity in the Annual Plan and
shall apply on a non-discriminatory basis to all Affiliated Entities. The Service Provider will invoice each Recipient on a monthly basis, which each Recipient shall pay within thirty (30) days of its receipt thereof. The obligation to pay
Services Fees shall be several with respect to each Recipient, and not joint and several between or among Recipients. To the extent that certain Cost Centers are allocated by percentage of time spent by any particular employee or department, such
allocations shall be applied in a manner substantially similar to that which is utilized by the Service Provider with respect to services provided to Affiliates of the Service Provider (other than the Recipients) as of the Effective Date. The
Recipients acknowledge and agree that the Service Provider will not be required to keep or submit timesheets with respect to any such employee or department, as applicable. 

5.02 Expenses. All costs and expenses, funding of operating deficits and operating capital, real property and personal property taxes,
income taxes, sales taxes, Gaming Taxes (if applicable), and all other taxes, insurance premiums and other liabilities incurred due to the Gaming activities and non-gaming operations of each Recipient, including all Direct Charges, shall be the sole
and exclusive financial responsibility of such Recipient (severally, and not jointly and severally between or among Recipients), except for (a) costs included in any Cost Center set forth in the Annual Plan (in which case, such Recipient shall
be responsible for the portion thereof allocated therein to such Recipient), and (b) those instances herein where it is expressly and specifically stated that such costs and expenses shall be the financial responsibility of the Service
Provider. It is understood that statements herein indicating that the Service Provider shall furnish, provide or otherwise supply, present or contribute items or services hereunder shall not be interpreted or construed to mean that the Service
Provider is liable or responsible to fund or pay for such items or services, except in those instances specifically mentioned herein. The Service Provider shall not impose any markup on any goods or services purchased for a Recipient. 

5.03 Withholding. The Service Provider, on or prior to the date it becomes a Service Provider hereunder, shall deliver to the
Recipients a duly completed and executed Internal Revenue Service Form W-9. Each Recipient shall be entitled to deduct and withhold from the consideration otherwise payable hereunder such amounts as it is required to deduct and withhold under any
Applicable Laws. To the extent amounts are so withheld and paid over to the proper governmental authority, such amounts shall be treated for all purposes as having been paid to the Person in respect of which such deduction and withholding was made.

  
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 ARTICLE VI. 

AFFIRMATIVE COVENANTS 

The parties agree to comply in all material respects with all Applicable Laws, including, without limitation, any laws, rules, regulations,
orders and requests for information of any Gaming Authorities that may license the Service Provider or a Recipient or from which the Service Provider or a Recipient may seek a license. Each Recipient shall also follow applicable federal laws, rules,
and regulations. 
 ARTICLE VII. 

REPRESENTATIONS AND WARRANTIES 

7.01 Representations and Warranties of each Recipient 

Each Recipient represents and warrants, severally and not jointly and severally between or among Recipients, that: 

(a) It is duly organized, validly existing and in good standing under the laws of the state of its organization, that such Recipient has full
power and authority to enter into this Agreement and perform its obligations hereunder, and that the officers of such Recipient who executed this Agreement on behalf of such Recipient are in fact officers of such Recipient and have been duly
authorized by such Recipient to execute this Agreement on its behalf. 
 (b) The execution, delivery and performance by such Recipient of
this Agreement have been duly authorized by all necessary action on the part of such Recipient and no further action or approval is required in order to constitute this Agreement as the valid and binding obligations of such Recipient, enforceable in
accordance with its terms. 
 7.02 Representations and Warranties of the Service Provider 

The Service Provider represents and warrants that: 

(a) It is a corporation duly incorporated, validly existing and in good standing under the laws of Delaware, that the Service Provider has
full corporate power and authority to enter into this Agreement and perform its obligations hereunder, and that the officers of the Service Provider who executed this Agreement on behalf of the Service Provider are in fact officers of the Service
Provider and have been duly authorized by the Service Provider to execute this Agreement on its behalf. 
 (b) The execution, delivery and
performance by the Service Provider of this Agreement have been duly authorized by all necessary corporate action on the part of the Service Provider and no further action or approval is required in order to constitute this Agreement as the valid
and binding obligations of the Service Provider, enforceable in accordance with its terms. 
 (c) To the Service Provider’s knowledge,
all agreements between the Service Provider and third parties pursuant to which the Service Provider obtains any Services to be provided hereunder are in full force and effect, and there is no event of default thereunder by any party thereto
that would materially adversely prevent the Service Provider from providing the Services hereunder. 

  
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 ARTICLE VIII. 

INDEMNITY AND LIMITATION ON LIABILITY 

8.01 Indemnity by the Service Provider. The Service Provider shall indemnify, defend and hold harmless each Recipient and its officers,
directors and employees from and against any and all costs and expenses, losses, damages, claims, causes of action and liabilities (including reasonable attorneys’ fees, disbursements and expenses of litigation) arising from, relating to, or in
any way connected with the gross negligence or willful misconduct of the Service Provider or any employee, contractor or agent of the Service Provider, except to the extent directly or indirectly caused by any act or omission of such Recipient. 

8.02 Indemnity by the Recipients. Each Recipient, severally and not jointly and severally, shall indemnify, defend and hold harmless
the Service Provider and its officers, directors and employees from and against any and all costs and expenses, losses, damages, claims, causes of action and liabilities (including reasonable attorneys’ fees, disbursements and expenses of
litigation) arising from, relating to, or in any way connected with the gross negligence or willful misconduct of such Recipient or any employee, contractor or agent of such Recipient, except to the extent directly or indirectly caused by any act or
omission of the Service Provider. 
 8.03 Procedure. The party claiming indemnity shall promptly provide the other party with written
notice of any claim, action or demand for which indemnity is claimed. The indemnifying party shall be entitled to control the defense of any action, provided that the indemnified party may participate in any such action with counsel of its choice at
its own expense and provided further that the indemnifying party shall not settle any claim, action or demand without the prior written consent of the indemnified party, such consent not to be unreasonably withheld or delayed. The indemnified party
shall reasonably cooperate in the defense as the indemnifying party may request and at the indemnifying party’s expense. 
 8.04
Limitation on Liability. 
 (a) Except with respect to a party’s indemnification obligations under Sections 8.01 and
8.02, neither party will be liable for indirect, consequential, special, exemplary or punitive damages, regardless of the form of action, whether in contract, tort or otherwise, and even if such party has been advised of the possibility of
such damages. 
 (b) Except with respect to a party’s indemnification obligations under Sections 8.01 and 8.02, the
liability of each party to the other party for any direct damages resulting from, arising out of or relating to this Agreement, whether based on an action or claim in contract, negligence, tort or otherwise, will not exceed, in the aggregate, an
amount equal to the aggregate Service Fees paid or payable during the twelve (12) months prior to the assertion of the claim. 

  
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 ARTICLE IX. 

DEFAULT 
 9.01
Definition. The occurrence of any one or more of the following events which is not cured within the time permitted shall constitute a default under this Agreement (hereinafter referred to as an “Event of Default”) as to the
party failing in the performance or effecting the breaching act. 
 9.02 Service Provider’s Default. An Event of Default shall
exist with respect to the Service Provider if the Service Provider shall fail to perform or materially comply with any of the covenants, agreements, terms or conditions contained in this Agreement applicable to the Service Provider and such failure
shall continue for a period of thirty (30) days after written notice thereof from any Recipient to the Service Provider specifying in reasonable detail the nature of such failure, or, in the case such failure is of a nature that it cannot, with
due diligence and good faith, be cured within thirty (30) days but can be cured within 120 days, if the Service Provider fails to proceed promptly and with all due diligence and in good faith to cure the same and thereafter to prosecute the
curing of such failure to completion with all due diligence within ninety (90) days thereafter. 
 9.03 Recipient’s
Default. An Event of Default shall exist with respect to a Recipient (but not, for the avoidance of doubt, with respect to any other Recipient solely due to the defaulting Recipient’s Event of Default) if such Recipient shall: 

(a) fail to make any monetary payment required under this Agreement, including, but not limited to, any Services Fee to the Service Provider
or any Direct Charges to the applicable third parties, on or before the due date recited herein and such failure continues for five (5) Business Days after written notice from the Service Provider specifying such failure, or 

(b) fail to perform or materially comply with any of the other covenants, agreements, terms or conditions contained in this Agreement
applicable to a Recipient and such failure shall continue for a period of thirty (30) days after written notice thereof from the Service Provider to such Recipient specifying in reasonable detail the nature of such failure, or, in the case such
failure is of a nature that it cannot, with due diligence and good faith, be cured within thirty (30) days, if such Recipient fails to proceed promptly and with all due diligence and in good faith to cure the same and thereafter to prosecute
the curing of such failure to completion with all due diligence within ninety (90) days thereafter. 
 9.04 Bankruptcy 

An Event of Default shall exist with respect to a party if such party: 

(a) applies for or consents to the appointment of a receiver, trustee or liquidator of itself or any of its property; 

(b) makes a general assignment for the benefit of creditors; 

  
 18 

 (c) is adjudicated bankrupt or insolvent; or 

(d) files a voluntary petition in bankruptcy or a petition or an answer seeking reorganization or an arrangement with creditors, takes
advantage of any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution or liquidation law, or admits the material allegations of a petition filed against it in any proceedings under any such law or admits in writing its inability
to pay its debts as they become due. 
 9.05 Reorganization/Receiver. An Event of Default shall exist with respect to a party if an
order, judgment or decree is entered by any court of competent jurisdiction approving a petition seeking reorganization or liquidation of the Service Provider or a Recipient, as the case may be, or appointing a receiver, trustee or liquidator of the
Service Provider or a Recipient, as the case may be, of all or a substantial part of any of the assets of the Service Provider or such Recipient, as the case may be, and such order, judgment or decree continues unstayed and in effect for a period of
sixty (60) days from the date of entry thereof. 
 9.06 Delays and Omissions. No delay or omission as to the exercise of any
right or power accruing upon any Event of Default shall impair the non-defaulting party’s exercise of any right or power or shall be construed to be a waiver of any Event of Default or acquiescence therein. 

ARTICLE X. 

TERMINATION 
 10.01
Termination; Terminating Events. This Agreement shall terminate (a) upon an election by all of the Recipients to terminate all Services in accordance with Section 3.04(b); provided, however, that
Section 10.03 shall survive any termination, (b) upon the mutual written consent of the parties, (c) automatically upon consummation of either the Call Right in full (and shall not, for the avoidance of doubt, apply to any
partial exercise of any Call Right) or the Liquidation (each as defined in the Transaction Agreement) or (d) at the election of the non-defaulting party upon the occurrence of an Event of Default under this Agreement and where the time to cure,
if any, has lapsed. 
 10.02 Effect of Termination. Within fifteen (15) days after the termination of this Agreement, each
Recipient shall pay the Service Provider all accrued and unpaid amounts due under this Agreement, including without limitation, the Services Fee. 

10.03 Transition Assistance. 

(a) Upon a termination of the Agreement under Section 10.01 or a termination of certain Services under
Section 3.04(b), at the request of any Recipient, the Service Provider will provide reasonable cooperation and transition assistance to such Recipient necessary to transfer the applicable Services to such Recipient or such
Recipient’s Affiliate; provided that, except for its obligations to transfer data and proprietary information under Section 10.03(b), nothing in this Agreement shall require the Service Provider to share any Service Provider
Confidential Information with any Prohibited Person. In no event shall the Service Provider be required to provide transition assistance for more than 180 days after termination of the applicable Service. For the avoidance of doubt, under no
circumstances shall 

  
 19 

 
the Service Provider be obligated to provide transition assistance to any third party (i.e., an entity other than a Service Recipient or a Service Recipient’s Affiliates). The Service
Provider will not be obligated to provide any transition assistance (except as required under Section 10.03(b)) if the Service Provider terminates this Agreement pursuant to an Event of Default under Section 9.03. Each
Recipient shall pay the Service Provider its reasonable costs for providing such transition assistance without mark-up, notwithstanding Section 5.01. 

(b) The Service Provider shall provide reasonable cooperation and assistance to such Recipient necessary to transfer the data and proprietary
information owned by such Recipient, if any, to such Recipient or such Recipient’s Affiliate in a usable form upon a methodology to be reasonably agreed upon by the parties. The Service Provider shall continue to utilize its Service Provider
Proprietary Information and Systems on each Recipient’s behalf for the agreed upon transitional period to the extent necessary to transfer the applicable information and services to such Recipient or such Recipient’s Affiliate. 

ARTICLE XI. 
 NOTICES

 All notices provided for in this Agreement or related to this Agreement, which either party desires to serve on the other, shall
be in writing and shall be considered delivered upon receipt. Any and all notices or other papers or instruments related to this Agreement shall be sent by: 

(a) United States registered or certified mail (return receipt requested), postage prepaid, in an envelope properly sealed; 

(b) a facsimile transmission where written acknowledgment of receipt of such transmission is received and a copy of the transmission is mailed
with postage prepaid; or 
 (c) a nationally recognized overnight delivery service; 

provided for receipted delivery, addressed as follows: 
  

			
	RECIPIENTS:
	
	 Caesars Acquisition Company

	 One Caesars Palace Drive

	 Las Vegas, Nevada 89109

	 Attention:
	  	Chief Executive Officer
	 Facsimile:
	  	(514) 635-1277
	
	 Caesars Growth Partners, LLC

	 One Caesars Palace Drive

	 Las Vegas, Nevada 89109

	 Attention:
	  	Chief Executive Officer
	 Facsimile:
	  	(514) 635-1277

  
 20 

			
	SERVICE PROVIDER:
	
	 Caesars Entertainment Operating Company, Inc.

	 One Caesars Palace Drive

	 Las Vegas, Nevada 89109

	 Attention:
	  	General Counsel
	 Facsimile:
	  	(702) 407-6418

 Any Recipient or the Service Provider may change the address or name of addressee applicable to subsequent
notices (including copies of said notices as hereinafter provided) or instruments or other papers to be served upon or delivered to the other party, by giving notice to the other party as aforesaid, provided that notice of such change shall not be
effective until the fifth (5th) day after mailing or facsimile transmission. 

ARTICLE XII. 
 DISPUTE
RESOLUTION 
 12.01 Disputes Submitted to Arbitration. Wherever any dispute arises between a Recipient and the Service
Provider which is not otherwise resolved between the parties, the same shall be submitted to resolution by arbitration to be conducted in Las Vegas, Nevada, in accordance with the rules of the local arbitration commission or authority. 

12.02 Selection of Arbitrators. Any party shall have the right to submit such dispute to arbitration by delivery of written notice to
the other party stating that the party(ies) to the dispute delivering such notice desires to have the then unresolved controversy between the applicable Recipient(s) and the Service Provider reviewed by a board of three (3) arbitrators. Such
notice shall also set forth the identity of the person selected by the notifying party as its arbitrator, and shall detail the dispute between the parties and such party’s suggested resolution. Within twenty (20) days after receipt of such
notice, the other party shall designate a person to act as arbitrator and shall notify the party requesting arbitration of such designation, the name and address of the person so designated, and the suggested resolution of such dispute by such
party. The two (2) arbitrators designated as aforesaid shall promptly select a third arbitrator, and if they are not able to agree on such third (3rd) arbitrator, then either arbitrator, on five (5) days’ notice in writing to the
other, or both arbitrators, shall apply to the local arbitration authority to designate and appoint such third (3rd) arbitrator. The two (2) arbitrators selected by the parties shall then notify the Service Provider and the applicable
Recipient(s) in writing promptly upon the selection of the third arbitrator. If the party upon whom such written request for arbitration is served shall fail to designate its arbitrator within twenty (20) days after receipt of such notice, then
the suggested resolution of the dispute as set forth in the written notice delivered by the party requesting such arbitration shall become the resolution thereof, and shall be binding on the Service Provider and the applicable Recipient(s)
hereunder. 
 12.03 Submission of Evidence. Within thirty (30) days following the date on which the parties shall have received
notice of the appointment of the third (3rd) arbitrator, the parties shall submit to the arbitrator so appointed a full statement of their respective positions and their reasons in support thereof, in writing, with copies delivered to the other
party. Upon receipt of such written statement from the other party, the party receiving the same may file with 

  
 21 

 
the arbitrators a written rebuttal. Unless requested by the arbitrators, no hearing shall be required in connection with any such arbitration, and the arbitrators may elect to base their
decisions on the written material submitted by the parties; provided, however, the parties shall submit to hearings, and be prepared to provide testimony, by themselves or by witnesses called on their behalf, if so requested by the arbitrators. 

12.04 Decisions of Arbitrators. Following receipt of the written materials from each party, and following any hearings or testimony
held in connection with such arbitration, the arbitrators shall render their decision, which decision shall adopt either the position of the Service Provider or the applicable Recipient(s) as previously submitted to the arbitrators, in full, without
revision or alteration thereof, and without compromise. If more than one issue shall be submitted to the same arbitrators for resolution, each such issue shall be deemed a separate arbitration for all purposes hereof, such issues to be identified
separately by the parties in their submission to arbitration, and each such issue shall be subject to a separate decision by the arbitrators. 

12.05 Arbitration is Binding. The decision of a majority of the arbitrators shall be binding upon the Service Provider and the
applicable Recipient(s) and shall be enforceable in any court of competent jurisdiction. Such decision and award may allocate the costs of such arbitration to one of the parties, equally or disproportionately between the parties. 

12.06 Qualifications of Arbitrators. All arbitrators appointed hereunder shall be persons reasonably experienced regarding the
management and operation of first-class casinos and companies offering Gaming activities of generally the same class and category as CEC, or reasonably experienced in the financial or economic evaluation or appraisal of the same, but no such
arbitrator shall then be in the employ of any corporation or entity which, at the time of such arbitration, shall be an operator of any facility offering Gaming activities, a casino operator, an on-line gaming company, a casino management company or
a horse racing facility management company. 
 ARTICLE XIII. 

MISCELLANEOUS 

13.01 Assignment. No party shall assign this Agreement or any interest therein without the express prior written consent of the other
parties. Notwithstanding the preceding sentence, the Service Provider may assign or transfer this Agreement to any Affiliate of such Service Provider; provided, that a counterpart original of such assignment is delivered to the other parties on or
before the effective date of such assignment, and provided further that such Affiliate expressly assumes and agrees to be bound by all of the terms and conditions of this Agreement. Except as otherwise provided herein, each provision hereof shall
extend to and shall, as the case may require, bind and inure to the benefit of the parties’ permitted successors and assigns and legal representatives. 

13.02 Construction. The language in all parts of this Agreement shall be in all cases construed simply according to its fair meaning,
and not strictly for or against the Recipients or the Service Provider. This Agreement shall be construed without regard to any presumption or other rule requiring construction against the party causing the same to be drafted. 

  
 22 

 13.03 Governing Law. This Agreement shall be governed by, construed and enforced in
accordance with the laws of the State of Nevada without reference to its choice of law provisions. 
 13.04 Severability. Should any
portion of this Agreement be declared invalid or unenforceable, then such portion shall be deemed to be severed from this Agreement and shall not affect the remainder thereof. 

13.05 Attorneys’ Fees. Should either party institute an action or proceeding to enforce any provisions hereof or for other relief
due to an alleged breach of any provision of this Agreement, the prevailing party shall be entitled to receive from the other party all costs of the action or proceeding and reasonable attorneys’ fees. 

13.06 Entire Agreement. This Agreement covers in full each and every agreement of every kind or nature whatsoever between the parties
hereto concerning this Agreement, and all preliminary negotiations and agreements, whether verbal or written, of whatsoever kind or nature are merged herein. No oral agreement or implied covenant shall be held to vary the provisions hereof, any
statute, law or custom to the contrary notwithstanding. 
 13.07 Counterparts. This Agreement may be executed in counterparts,
including via facsimile, and shall be deemed to have become effective when and only when all parties hereto have executed this Agreement, although it shall not be necessary that any single counterpart be signed by or on behalf of each of the parties
hereto, and all such counterparts shall be deemed to constitute but one and the same instrument. 
 13.08 Force Majeure. Whenever
this Agreement requires an act to be performed within a specified time period or to be completed diligently, such periods are subject to Unavoidable Delays. “Unavoidable Delays” are delays beyond the reasonable control of the party
asserting the delay, and include delays caused by acts of God, acts of war, terrorist attack, civil commotions, riots, strikes, lockouts, acts of government in either its sovereign or contractual capacity, perturbation in telecommunications
transmissions, inability to obtain suitable labor or materials, accident, fire, water damages, flood, earthquake, or other natural catastrophes. A party that incurs an Unavoidable Delay will be excused from performance of the affected act so long as
the underlying reason for the Unavoidable Delay continues, other than with respect to a party’s obligation to make payments that have become due and payable pursuant to this Agreement which shall not be subject to Unavoidable Delays. 

13.09 No Warranties. The Service Provider shall use commercially reasonable efforts to render the services contemplated by this
Agreement in good faith to each Recipient on the terms and standards set forth herein, including Section 4.01, but hereby explicitly disclaims any and all warranties, express or implied. 

13.10 Headings. Headings or captions have been inserted for convenience of reference only and are not to be construed or considered to
be a part hereof and shall not in any way modify, restrict or amend any of the terms or provisions hereof. 
 13.11 Waiver. The
waiver by one party of any default or breach of any of the provisions, covenants or conditions hereof of the part of the other party to be kept and performed shall not be a waiver of any preceding or subsequent breach or any other provisions,
covenants or conditions contained herein. 

  
 23 

 13.12 Consent to Jurisdiction. The parties hereto agree that, other than an arbitration
proceeding arising pursuant to Article XII, any legal action or proceeding with respect to or arising out of this Agreement may be brought in or removed to the courts of the State of Nevada or of the United States of America for the
District of Nevada. By execution and delivery of this Agreement, the parties hereto accept, for themselves and in respect of their property, generally and unconditionally, the exclusive jurisdiction of the aforesaid courts. The parties hereto
irrevocably consent to the service of process out of any of the aforementioned courts in any manner permitted by law. The parties hereto hereby waive any right to stay or dismiss any action or proceeding under or in connection with this Agreement
brought before the foregoing courts on the basis of forum non-conveniens. 
 13.13 Waiver of Jury Trial. THE PARTIES HERETO HEREBY
WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS AGREEMENT AND THE RELATIONSHIP BETWEEN THE PARTIES HERETO
THAT IS BEING ESTABLISHED. THE PARTIES HERETO ACKNOWLEDGE THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP, THAT EACH HAS ALREADY RELIED ON THE WAIVER IN ENTERING INTO THIS AGREEMENT, AND THAT EACH WILL CONTINUE TO
RELY ON THE WAIVER IN THEIR RELATED FUTURE DEALINGS. THE PARTIES HERETO FURTHER WARRANT AND REPRESENT THAT EACH HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL, AND THAT EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING
CONSULTATION WITH LEGAL COUNSEL. 
 13.14 Amendments. This Agreement may be changed, modified, surrendered or terminated (and
provisions hereof may be waived) only by an agreement in writing signed by the parties hereto. Any modification, amendment, waiver, discharge, surrender, termination or assignment in violation of this Section 13.14 shall be void ab
initio. 
 *    *    *    *    * 

  
 24 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date and year first
above written. 
  

			
	SERVICE PROVIDER:
	
	 CAESARS ENTERTAINMENT OPERATING COMPANY, INC.,

a Delaware corporation

		
	By:	 	  

		 	Name:
		 	Title:
	
	RECIPIENTS:
	
	 CAESARS GROWTH PARTNERS, LLC,
 a
Delaware limited liability company

		
	By:	 	Caesars Acquisition Company, its managing member
		
	By:	 	  

		 	Name:
		 	Title:
	
	 CAESARS ACQUISITION COMPANY,
 a
Delaware corporation

		
	By:	 	  

		 	Name:
		 	Title:

 [Management Services Agreement – Signature Page]

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