Document:

EX-10.19

 Exhibit 10.19 
 EXECUTION COPY 
 TRADEMARK SUBLICENSE
AGREEMENT 
 This Trademark Sublicense Agreement (this “Sublicense Agreement”)
is made effective as of September 1, 2011 (the “Effective Date”) by and between Caesars Tournament, LLC (“CT”) and Caesars Entertainment Corporation (formerly known as Harrah’s Entertainment,
Inc.) (“CEC”). 
 WHEREAS, CT has purchased Tournament Rights (as defined in the
Tournament Rights Purchase Agreement) from Caesars Entertainment Operating Company, Inc. (formerly known as Harrah’s Operating Company, Inc.) (“CEOC”) under the Tournament Rights Purchase Agreement made effective
as of September 1, 2011 (“Tournament Rights Purchase Agreement”) and now has a direct license from Caesars Interactive Entertainment, Inc. (formerly known as Harrah’s Interactive Entertainment, Inc.)
(“CIE”) to operate Permitted Tournaments (as defined in the CT License Agreement) under the CT License Agreement attached to the Tournament Rights Purchase Agreement (“CT License Agreement”); and

 WHEREAS, CEC desires to sublicense rights to operate, and/or to enable its subsidiaries to operate, Sublicensed
Tournaments (as defined below), including at the land-based hotel and casino property commonly known as Rio All Suite Hotel & Casino, Las Vegas (the “RIO Hotel”), and CT desires to grant such sublicense, under the terms and
conditions set forth in this Sublicense Agreement. 
 NOW, THEREFORE, in consideration of the mutual representations,
warranties, covenants and conditions contained herein, and other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereby agree as follows: 

 

	1.	DEFINITIONS 

 For the
purposes of this Sublicense Agreement, the following terms shall have the following meanings. 
 1.1 “Final
Table” means the “Final Table” event of the $10,000 buy-in No-Limit Hold-Em Championship that is part of the Sublicensed Tournaments, as described in the 2011 World Series of Poker schedule. 

1.2 “Final Table Guidelines” means the guidelines set forth and identified as “Final Table Guidelines” in
Exhibit B. 
 1.3 “Host” means RIO, or such other party that CEC designates to operate the Sublicensed
Tournaments with the written consent of CT pursuant to Section 2.2. 
 1.4 “Host Marks” means (i) the
trademarks, trade names and logos set forth on Exhibit F and (ii) any modified versions of such marks (including composites thereof). 
 1.5 “Host Property” means the RIO Hotel in which the Sublicensed Tournaments are operated as of the Effective Date, or such other property that CEC designates to host the Sublicensed
Tournaments with the written consent of CT pursuant to Section 2.2. 
 1.6 “Licensed Marks” means
(i) the trademarks, trade names and logos set forth in Exhibit E and (ii) any modified versions of such marks (including composites thereof) and any related trademarks, service marks, trade styles, trade dress, logos, designs or
other source identifiers that are licensed from CIE to CT under the CT License Agreement. 
 1.7 “Licensee”
means CEC, or, in the event of assignment of this Sublicense Agreement to RIO or a RIO Purchaser pursuant to Section 9.5(b), RIO or the RIO Purchaser, as applicable. 
 1.8 “Licensor” means CT, or, in the event this Sublicense Agreement becomes a direct license between Licensee and CIE pursuant to Section 5.7, CIE. 

 1.9 “Permitted Tournament Guidelines” means the guidelines
set forth and identified as “Permitted Tournament Guidelines” in Exhibit A. 
 1.10 “Sublicense
Term” means the period commencing as of the Effective Date and ending on the dale that is five (5) years from the Effective Date, unless earlier terminated as provided in Section 5. 

1.11 “RIO” means Rio Properties, LLC. 
 1.12 “RIO Purchaser” has the meaning given to it in Section 9.5(b). 
 1.13 “Sponsorship Agreement” shall mean any contractual relationship with a third party which provides such third party with benefits driven predominantly by the stature of the World
Series of Poker intellectual property, signage and other brand placements in and around the Sublicensed Tournaments venues and surrounding common areas, sampling, and on-site experiential marketing and access to consumer information or data from
participants in the Sublicensed Tournaments. 
 1.14 “Sublicensed Territory” means Las Vegas, Nevada.

 1.15 “Sublicensed Tournaments” means the live, in-person tournament events held in the Host Property as of
the Effective Date and currently called “World Series of Poker” located in Las Vegas, operated under one or more Licensed Marks, as described in the 2011 World Series of Poker schedule. For avoidance of doubt. Sublicensed Tournaments will
not include any tournaments or other poker events performed by means of communications facilitated directly or indirectly by the Internet or any other public or private communications network through the use of access devices (e.g., personal
computers, televisions, mobile or cellular telephones, etc.) connected via physical connections, wirelessly or otherwise. 

1.16 “WSOP Sponsors” means those third parties to whom either Licensor or CIE has granted sponsorship rights or benefits
in connection with the World Series of Poker© tournaments. 
  

	2.	Sublicense and Payment 

2.1 Sublicense. Subject to the terms and conditions of this Sublicense Agreement (including without limitation Sections 2.4 and 3),
Licensor hereby grants to Licensee an exclusive (except as provided in Section 2.8). non-sublicensable (except for as provided in Section 2.2) license, during the Sublicense Term, to use, reproduce, distribute and display the Licensed
Marks solely in connection with the operation of Sublicensed Tournaments in the Sublicensed Territory in accordance with the Permitted Tournament Guidelines set forth in Exhibit A, including any advertising related thereto (but without the ability
to enter into Sponsorship Agreements or media distribution agreements related to the foregoing); provided, however, that (a) Licensee may only operate the Sublicensed Tournaments in the Host Property; (b) the right to use, reproduce,
distribute and display the Licensed Marks in connection with the Final Table may be removed from the scope of this license grant in accordance with Section 2.3: (c) in all cases, such use, reproduction, distribution and display will be subject
to Licensor’s prior written approval in Licensor’s sole and absolute discretion; and (d) any uses of the Licensed Marks that are substantially consistent with uses of the Licensed Marks by Licensor or CIE in connection with the 2011 World
Series of Poker Las Vegas shall be deemed to have been approved by Licensor until such time as Licensor institutes changes to the Licensed Marks, the Usage Guidelines or the Marketing Code (each as defined below). Licensor’s approval rights
shall include the form, content, placement and timing of such usages, including, but not limited to, where advertising is placed, approval of advertising or marketing materials, and placement of the Licensed Marks within advertising or marketing
materials. In the event that Licensee chooses not to operate, or cause the Host to operate, any Sublicensed Tournaments at the Host Property during the Sublicense Term for any given year(s) (such Sublicensed Tournaments, the “Declined
Tournaments”), Licensee shall promptly (but in any event, no less than 12 months prior to the scheduled date of the Declined Tournament(s)) notify Licensor of such decision. Licensee and Licensor shall have 30 days to agree on a New Host
and/or New Host Property (as such terms are defined below). In the event that Licensee and Licensor do not reach agreement regarding a New Host and/or New Host Property at the end of such 30-day period, the exclusive sublicense granted to Licensee
in this Section 2.1 shall, effective as of 30 days from the 

 
date of the initial notice, be revoked for the applicable year(s) of the Sublicense Term to which the Declined Tournament(s) relate. Licensor shall therefore have the right to enter into a
license agreement or agreements with any third party in order to grant such party the right to operate such Sublicensed Tournament(s) for the applicable year(s) of the Sublicense Term to which the Declined Tournament(s) relate. Licensee further
agrees to provide such third party with such information and cooperation as Licensor may reasonably request. 
 2.2 Further
Sublicensing. The sublicense granted to Licensee in Section 2.1 is sublicensable only to the Host solely in connection with the Host’s operation (including, advertising, marketing and promotion) of the Sublicensed Tournaments in the
Host Property. In the event Licensee wishes any party other than RIO (a “New Host”) to host and operate the Sublicensed Tournaments or for the Sublicensed Tournaments to be held at any property other than the RIO Hotel (a
“New Host Property”), it may do so only upon the written consent of Licensor, at which time Exhibit F shall be amended to replace the current trademarks, trade names and logos contained therein with the trademarks, trade names and
logos associated with the New Host and/or New Host Property. In the event of the assignment of this Sublicense Agreement to RIO or the RIO Purchaser pursuant to Section 9.5(b), Licensee shall have no right to sublicense the sublicense granted
to Licensee in Section 2.1 and this Section 2.2 will be of no further force and effect. 
 2.3 Final Table. The
parties acknowledge that the right to use, reproduce, distribute and display the Licensed Marks in connection with the Final Table may be removed from the scope of the license granted to Licensee in Section 2.1 by Licensor at any time, in
Licensor’s sole discretion, by providing written notice (a “Final Table Notice”) to Licensee not less than 180 days prior to any scheduled Final Table, provided that the ability to locate the Final Table at a venue other than
the Host Property is subject to receipt of all gaming regulatory approvals. Upon delivery of a Final Table Notice, (a) the sublicense granted to Licensee in Section 2.1 shall, effective as of the date of the Final Table Notice, be revoked
with respect to the Final Table(s) that are specified in the Final Table Notice and (b) Licensee shall not, and shall cause the Host not to, host and operate the Final Table, or any similar event, in the Host Property for the year(s) specified
in the Final Table Notice; provided, however, that, for so long as Licensor is a CEC controlled affiliate and has not declined to host a Sublicensed Tournament as described in Section 2.1, Licensor shall only allow a CEC controlled affiliate to host
the Final Table. Until such time, if at all, that Licensor delivers a Final Table Notice to Licensee for any given year, (x) the sublicense granted to Licensee in Section 2.1 shall be deemed to include the right to operate the Final Table
and (y) in addition to all other terms and conditions of this Sublicense Agreement, Licensee shall, and shall cause the Host to, comply with, host and operate the Final Table in accordance with, the Final Table Guidelines. 

2.4 Payment. In consideration of the sublicense granted in Section 2.1, Licensee will pay to Licensor in each year of this
Agreement the following payments (collectively, the “Fees”), with fifty percent (50%) of each payment due no later than sixty days prior to the start of the Tournament and the balance due no later than the tenth day from end of
tournament play before the Final Table. 
  

	 	(a)	Year 1: Two Million US Dollars ($2,000,000) 

  

	 	(b)	Year 2: Two Million US Dollars ($2,000,000) 

  

	 	(c)	Year 3: Two Million US Dollars ($2,000,000) 

  

	 	(d)	Year 4: Two Million US Dollars ($2,000,000) 

  

	 	(e)	Year 5: Two Million US Dollars ($2,000,000) 

 All payments and fees due hereunder shall be paid in U.S. currency by wire transfer of immediately available funds to the account and in accordance with the instructions specified from time to time in
writing by Licensor. The Fees and any other sums payable hereunder by Licensee shall be non-refundable. Unpaid amounts due and owing from Licensee shall bear interest at the Interest Rate on all unpaid sums more than fifteen (15) days from the due
date.; provided, however, that if the day on which any such amounts due and owing from Licensee can be paid without being considered past due falls on a non-business day, then the last day for paying such sums without

 
being considered past due shall be the next business day thereafter. For the purposes of this section, “Interest Rate” means the lesser of eight percent (8%) simple interest per
annum or the highest rate of interest allowed by applicable law. 
 2.5 Restrictions; Reservation of Rights. Licensee
will not, and will cause the Host not to, use, reproduce, distribute or display (or authorize the use, reproduction, distribution or display of) the Licensed Marks in any manner other than as expressly authorized by this Sublicense Agreement. All
Tournament Rights and rights in the Licensed Marks not expressly sublicensed to Licensee under this Sublicense Agreement are reserved by the applicable of Licensor or CIE. The grant of rights under this Sublicense Agreement does not include any
other exploitation of the Licensed Marks, including with respect to media rights, sponsorships, merchandise bearing the Licensed Marks, or licensing of the Licensed Marks, all of which are reserved by the applicable of Licensor or CIE. Except for
the expressly rights granted under this Sublicense Agreement, no rights are granted to either party by implication, estoppel or otherwise, under any of the other party’s intellectual property rights. 

2.6 Assignment of Rights Created. Licensee hereby assigns, and shall cause its affiliates, the Host and each of their respective
employees and independent contractors to assign, to CIE or CIE’s designee, all intellectual property rights created by or on behalf of Licensee that relate to the Licensed Marks. This Section shall survive the expiration or termination of this
Sublicense Agreement. 
 2.7 Limited Warranties. Except as set forth in Section 6.1, Licensor makes no other
warranties, whether express or implied, with regards to the use of the Licensed Marks, whether inside or outside of the United States, and other than as set forth in Section 6.5, will have no indemnification obligations with respect to any
claims in which it is alleged that the use of the Licensed Marks, inside or outside of the United States infringes on the trademark or other proprietary rights of any third party. 

2.8 Promotion by Licensor. Notwithstanding the exclusive sublicense granted to Licensee in Section 2.1, Licensor shall have the
right to (a) use, distribute and display the Licensed Marks in connection with advertising, promotion and marketing of the Sublicensed Tournaments throughout the world and (b) grant WSOP Sponsors the right to use, distribute and display
the Licensed Marks in connection with their sponsorship of the Sublicensed Tournaments throughout the world. Licensee hereby grants, and shall cause its affiliates and/or the Host to grant, to Licensor a nonexclusive, sublicensable, worldwide
license, during the Sublicense Term, to use, reproduce, distribute and display the Host Marks solely in connection with the advertising, marketing and promotion of the Sublicensed Tournaments. Licensor hereby acknowledges and agrees that all uses of
the Host Marks by it (or any of its sublicensees) pursuant to the terms of this Sublicense Agreement must be of sufficiently high quality as to protect the Host Marks and the goodwill symbolized thereby. For the avoidance of doubt, all uses of the
Host Marks that are substantially consistent with any past uses of the Host Marks by Licensee, the Host, Licensor and/or CIE in connection with the advertising, marketing and promotion of the Sublicensed Tournaments shall be deemed to meet such
standard and are hereby deemed approved by the Host. 
  

	3.	QUALITY CONTROL AND TOURNAMENT OPERATIONS 

 3.1 Guidelines; Compliance with Laws. Licensee shall, and shall cause the Host to, adhere to CIE’s then-current trademark usage guidelines and quality control standards with respect to the
Licensed Marks (the “Usage Guidelines”) and to the Marketing Code of Commitment (the “Marketing Code”), as Licensor may from time to time update and communicate to Licensee in writing. A current copy of the Usage
Guidelines, as of the Effective Date, is attached hereto as Exhibit C, and a current copy of the Marketing Code, as of the Effective Date, is attached hereto as Exhibit D. Licensee shall, and shall cause the Host to, also comply with
all applicable laws and regulations (including, without limitation, laws and regulations relating to privacy, advertising and marketing, and gambling, gaming and casino activities), and shall, or shall cause the Host to, as applicable, obtain and
maintain all necessary government licenses, permits and approvals, including, without limitation, those relating to the Licensed Marks and Sublicensed Tournaments and, as applicable and permitted herein, the advertising, promotion, marketing and
operation thereof. 

 3.2 Protection of Marks. 

(a) Licensed Marks. Licensee shall not, and shall cause the Host not to, alter, modify, adapt, amend or in any way change any
Licensed Mark or any part thereof. Licensee shall not, and shall cause the Host not to, do or authorize to be done any action that would prejudice the validity or registration of the Licensed Marks or the goodwill associated therewith, including
filing for, using or authorizing the use of any trademark, service mark, trade style, trade dress, logo, design or other source identifier (i) likely to cause consumer confusion with respect to the Licensed Marks or (ii) that is a
composite mark of which any Licensed Mark is a part. It is understood that neither Licensee nor the Host shall acquire or claim any independent right, title or interest in or to the Licensed Marks by virtue of Licensee’s or the Host’s use
of the Licensed Marks as provided in this Sublicense Agreement, it being the intention of the parties that all use of the Licensed Marks by Licensee or the Host, and all goodwill associated therewith, shall at all times inure to the exclusive
benefit of CIE. Licensee shall not, and shall cause the Host not to, use, and shall not, and shall cause the Host not to, authorize to be used, the Licensed Marks or any confusingly similar marks or names in any trade name, entity name or business
name. 
 (b) Host Marks. Licensor shall not alter, modify, adapt, amend or in any way change any Host Mark or any part
thereof. Licensor shall not do or authorize to be done any action that would prejudice the validity or registration of the Host Marks or the goodwill associated therewith, including filing for, using or authorizing the use of any trademark, service
mark, trade style, trade dress, logo, design or other source identifier (i) likely to cause consumer confusion with respect to the Host Marks or (ii) that is a composite mark of which any Host Mark is a part. It is understood that Licensor
shall not acquire or claim any independent right, title or interest in or to the Host Marks by virtue of Licensor’s use of the Host Marks as provided in this Sublicense Agreement, it being the intention of the parties that all use of the Host
Marks by Licensor, and all goodwill associated therewith, shall at all times inure to the exclusive benefit of Licensee. Licensor shall not use, and shall not authorize to be used, the Host Marks or any confusingly similar marks or names in any
trade name, entity name or business name unless otherwise authorized to do so pursuant to another agreement. 
 3.3 Conduct
of Business; Quality of Products and Services. Licensee shall, or shall cause the Host to, (a) conduct the Sublicensed Tournaments in a manner that is first-class and will reflect positively on the Licensed Marks and the global market leadership
status of the Licensed Marks; (b) use the Licensed Marks in a manner that does not knowingly derogate Licensor or CIE’s respective rights in the Licensed Marks or the value of the Licensed Marks; (c) take no action that would
interfere with, diminish or tarnish those rights or value; and (d) in addition to the other requirements of this Sublicense Agreement, use the Licensed Marks only in connection with products and services that meet generally accepted industry
standards of quality and performance. 
 3.4 Tournament Operations. Licensee shall operate, or shall cause the Host to
operate, the Sublicensed Tournaments each calendar year during the Sublicense Term in accordance with the Permitted Tournament Guidelines, except as otherwise agreed by the parties. Licensor and CIE shall retain the approval, operational and
management rights and responsibilities in connection with the Sublicensed Tournaments as specified further in the Permitted Tournament Guidelines. Without limiting the specific provisions set forth in the Permitted Tournament Guidelines and subject
to fulfillment of all applicable gaming laws and regulations, Licensor shall control the overall look and feel of the Sublicensed Tournaments, including the tournament gaming space and the ancillary space surrounding the tournament gaming space. The
Permitted Tournament Guidelines may be amended from time to time by mutual agreement of the parties; provided, however, that Licensor shall have the right to amend the Permitted Tournament Guidelines in its sole discretion to the extent such
amendments (a) do not create a material adverse effect on Licensee or the Host or each of their respective businesses and (b) do not create new responsibilities or obligations on Licensee or the Host that are substantially outside the
scope of Licensee’s and the Host’s responsibilities and obligations as specified in this Sublicense Agreement and the Permitted Tournament Guidelines as each then exists prior to such amendment. In the event that the parties do not agree
to any proposed amendment to the Permitted Tournament Guidelines, and such amendment does not qualify as an amendment that Licensor can make in its sole discretion pursuant to the proceeding sentence, the Permitted Tournament Guidelines, or the
applicable portion thereof, shall remain unchanged provided that service levels for any given year will be at least equal to those applicable to the Sublicensed Tournaments from the immediately preceding year. Notwithstanding the above, for so long
as the Host Property is a CEC controlled affiliate, the Permitted Tournament Guidelines shall only be amended by mutual agreement of the parties. Unless specifically stated otherwise in this Sublicense Agreement or in the Permitted Tournament
Guidelines, all revenue from the Sublicensed Tournaments shall be retained by Licensee or, in the Licensee’s discretion, the Host, except for revenue derived from the exploitation of sponsorship and media distribution rights which shall be
retained by Licensor. 

 3.5 Monitoring; Cooperation. Licensor and CIE shall have the right to monitor
Licensee and the Host related to this Sublicense Agreement for the sole purpose of determining whether Licensee is complying with the Usage Guidelines, the Marketing Code, the Permitted Tournament Guidelines and other requirements of this Sublicense
Agreement, and Licensee shall reasonably cooperate with such monitoring. In furtherance of the foregoing and without limiting Licensor’s prior approval rights set forth in Section 2.1, subject to prior written, reasonable notice from
Licensor and with all costs borne by Licensor, Licensee shall, and shall cause the Host to, (a) provide to Licensor, at Licensor’s request, copies of representative samples of requested advertising, promotional and other materials that
bear the Licensed Marks, (b) provide to Licensor reasonable information regarding the Sublicensed Tournaments, including use of the Licensed Marks in connection therewith and compliance with the Permitted Tournament Guidelines; and
(c) permit Licensor or its authorized representatives, at such party’s prior written reasonable request, to inspect during normal business hours, Licensee’s and the Host’s facilities and any other location (including locations
controlled by third-parties, subject to such third-parties agreeing to provide such access) and records to verify compliance with this Sublicense Agreement. For the avoidance of doubt, if Licensor finds that Licensee is not in compliance with this
Sublicense Agreement, Licensee shall have the opportunity to cure such breach in accordance with Section 5.2(a)(ii). 
 3.6
Enforcement of Standards. If Licensor reasonably determines that any use of the Licensed Marks do not meet the requirements set forth in this Sublicense Agreement, Licensor may notify Licensee in writing, providing Licensee with a reasonably
detailed description of the deficiencies. Licensee shall cure the deficiencies within thirty (30) days after receipt of such notice, and shall provide Licensor with evidence of such cure. If a deficiency is not cured to the commercially
reasonable satisfaction of Licensor within such time period, Licensor shall have the right, effective on written notice to Licensee, to suspend use of any affected Licensed Mark by Licensee and the Host (during which time the exclusive license
granted to Licensee in Section 2.1 shall immediately become nonexclusive) until the deficiencies are cured to the commercially reasonable satisfaction of Licensor. 

 

	4.	MAINTENANCE, RENEWAL AND ENFORCEMENT 

 4.1 Maintenance and Renewal. CIE shall prosecute and maintain the United States applications/registrations for the Licensed Marks during the Term. Licensee shall, and shall cause the Host to,
reasonably cooperate with Licensor and CIE, at the expense of Licensor and CIE, in connection with the preparation and filing of any applications for registration, renewals, and other documentation reasonably determined by CIE to be necessary or
advisable to obtain, preserve or maintain applicable rights in the Licensed Marks. Any such applications for registration, renewals and other documentation relating to the Licensed Marks shall be in the name of CIE. 

4.2 Infringement and Enforcement. 
 (a) Licensee shall not, and shall cause the Host not to, directly or indirectly, infringe, misappropriate or violate any intellectual property rights of CIE or any CIE affiliate in the Licensed Marks, nor
contest or aid others in contesting CIE’s and its affiliates’ validity or ownership of such rights, or take any other action in derogation thereof. 
 (b) If a party learns of any actual or threatened infringement, misappropriation, imitation or unauthorized use of the Licensed Marks (an “Infringement”), such party shall provide prompt
written notice of such infringement, misappropriation, imitation or unauthorized use and a summary of the relevant facts and circumstances thereof known by such party to the other party. 

 (c) CIE shall have the first right (but not the obligation) to initiate a suit or take other
appropriate action that it believes is reasonably required to protect (i.e., prevent or abate any Infringement) or otherwise enforce the Licensed Marks. 
 (d) If Licensee reasonably believes that any Infringement is materially related to Licensee’s or the Host’s licensed activities under this Sublicense Agreement and has a material adverse impact
on such activities (a “Sublicense Field Infringement”), Licensee may request CIE, through Licensor, in writing to prevent or abate such Sublicense Field Infringement under the Licensed Marks and provide a summary of the relevant
facts and circumstances of the Sublicense Field Infringement known to Licensee (“Sublicense Enforcement Request”). 
 (e) If CIE initiates suit under the terms of this Section 4.2, CIE shall have the sole and exclusive right to control such suit and to select its counsel for any such suit, at its own cost and
expense. For any enforcement action related to any Sublicense Field Infringement, Licensor will use good faith efforts to keep Licensee reasonably informed and to pass along to CIE any reasonable comments Licensee may have with respect to any
proceeding related to any Sublicense Field Infringement. Licensee shall, and shall cause the Host to, offer reasonable assistance to Licensor and CIE, including the execution of any and all documents, in connection with any proceeding related to any
Sublicense Field Infringement at no charge to CIE except for reimbursement of reasonable out-of-pocket expenses incurred in rendering such assistance, but shall take no action nor incur any expenses on Licensor or CIE’s behalf without Licensor
or CIE’s prior written approval. 
 (f) If a third party at any time asserts a claim that any Licensed Mark is invalid or
otherwise unenforceable (an “Invalidity Claim”), CIE shall have the sole right at its sole discretion to control the response, if any, to any such Invalidity Claim. 

 

	5.	TERM AND TERMINATION 

 5.1
Term. The term of this Sublicense Agreement shall commence on the Effective Date and shall continue until the end of the Sublicense Term, unless earlier terminated as provided in this Section 5. The term may be extended at any time by
the mutual written agreement of the parties, specifying, at a minimum, the length of the extension and the fees to be paid to Licensor during such extension. 
 5.2 Events of Default. 
 (a) The following actions or events shall
constitute an “Event of Default” under this Sublicense Agreement: 
 (i) A failure by Licensee to pay the Fees
to Licensor when due that is not cured within ten (10) days after written notice from Licensor to Licensee; 
 (ii) A
failure by either party to materially perform or comply with any of the covenants, duties or obligations set forth in this Sublicense Agreement, that is subject to cure and is not cured within thirty (30) days following written notice of such
default from the non-defaulting party to the defaulting party; provided, however, if (i) the default is not susceptible of cure within a thirty (30) day period; (ii) the default cannot be cured solely by the payment of a sum of money;
and (iii) the default would not expose the non-defaulting party to an imminent and material risk of criminal liability or of material damage to its business reputation, the thirty (30) day cure period shall be extended if the defaulting
party commences to cure the default within such thirty (30) day period and thereafter proceeds with reasonable diligence to complete such cure. In the event a material non-performance by any party is not subject to cure, this Sublicense
Agreement may be terminated immediately upon written notice; 
 (iii) A breach or default of the same provision of this
Sublicense Agreement that occurs more than two (2) times in any twelve (12) month period or more than three (3) times during the Sublicense Term; 

 (iv) The assignment or attempted assignment of this Sublicense Agreement in violation of
Section 9.5; 
 (v) The insolvency of a party, or a party’s failure generally to pay its debts as such debts become
due; 
 (vi) The issuance of a levy or an attachment against all or any material portion of the assets of a party resulting
from a final judgment against a party for which all appeal periods have expired and which is not fully covered by insurance; or 
 (vii) Failure by Licensor, Licensee or the Host to be granted a gaming approval or other required license, or the revocation of any gaming approval or other required license by any gaming authority having
jurisdiction over Licensor, Licensee or the Host, as applicable. 
 (b) In the event this Sublicense Agreement is assigned to
RIO or the RIO Purchaser pursuant to Section 9.5(b), the following actions or events shall also constitute an “Event of Default” under this Sublicense Agreement: 

(i) Any CIE Competitor becomes a stockholder of, lender to or equity investor in. RIO or the RIO Purchaser or otherwise has Control of
RIO or the RIO Purchaser or becomes an affiliate of RIO or the RIO Purchaser, or enters into any marketing or affiliation agreement with RIO or the RIO Purchaser; 
 (ii) RIO or the RIO Purchaser sells, conveys, transfers or assigns the RIO Hotel or the business associated with the RIO Hotel to any CIE Competitor, or enters into a written agreement to do any of the
foregoing; 
 For purposes of this Section 5.2(b), (i) “CIE Competitor” means any entity that
operates any online gaming activities of any kind (play-for-fun or real money) or any land-based poker tours or tournaments, in which any of the events related to such tour or tournament are televised, and any of their respective affiliates,
successors or assigns and (ii) “Control” means, with respect to a particular person, possession of the direct or indirect power to direct or cause the direction of the management and policies of a person, whether through ownership of
voting securities, by contract, or otherwise. 
 5.3 No Guarantee of Performance. Licensee acknowledges and agrees that
Licensor has not made any representations or claims with regard to the financial performance of the Host Property as a result of this Sublicense Agreement or hosting of the Sublicensed Tournaments, or that hosting these tournaments will contribute
to the ability of Licensee to maintain or increase the Host Property customer base, or to meet its revenue or income projections for the Host Property. In no event shall Licensor be deemed in default of its obligations under this Sublicense
Agreement or applicable law or be liable in any way by reason of the failure of the financial performance of the Sublicensed Tournaments to meet Licensee’s expectations or income projections, or enable the Host Property to maintain or increase
its customer base (other than to the extent resulting from a material breach of this Sublicense Agreement by Licensor). In no event shall Licensee be deemed in default of its obligations under this Sub license Agreement or applicable law or be
liable in any way if the number of participants who register for and/or play in the Sublicensed Tournament is less than the number of such participants in any prior year. 
 5.4 Remedies for Event of Default. Subject to the terms of this Sublicense Agreement, if any Event of Default shall have occurred, the non-defaulting party shall have the right to terminate this
Sublicense Agreement by reason of the occurrence of an Event of Default and exercise against the defaulting party any other rights and remedies available to the non-defaulting party under this Sublicense Agreement or, subject to any limitations
imposed by this Sublicense Agreement, at law or in equity. 
 5.5 Notice of Termination. If termination of this
Sublicense Agreement is an available remedy, such remedy shall be exercised by the non-defaulting party by written notice to the defaulting party, in which case this Sublicense Agreement shall terminate on either: (i) the date specified in this
Sublicense Agreement; or (ii) if not 

 
specified in this Sublicense Agreement, the date specified by the non-defaulting party in the termination notice, which date shall in no event be sooner than ten (10) days nor later than
sixty (60) days, after the delivery of such notice. 
 5.6 Effect of Expiration or Termination. 

(a) Upon expiration or termination of this Sublicense Agreement (“Termination”) by any reason whatsoever (and without
prejudice to any remedies available to either party by reason thereof), Licensee shall, and shall cause the Host to, immediately cease all operations of the Sublicensed Tournaments and all uses of the Licensed Marks and all rights and licenses in
and to the Licensed Marks and the Sublicensed Tournaments granted under this Sublicense Agreement will revert back to Licensor, except that Sections 1, 6 and 9 shall survive in accordance with their terms. 

(b) As of the date of the Termination (the “Termination Date”), Licensee shall, and shall cause the Host to:
(i) cease all affiliation with the Sublicensed Tournaments; (ii) either return or destroy (at Licensor’s sole and absolute discretion) any software, data, materials, including but not limited to Confidential Information of Licensor,
in Licensee’s or the Host’s possession; (iii) cease all use of the Licensed Marks and destroy or return to Licensor (at Licensor’s sole and absolute discretion) all materials within its possession or control bearing or containing
the Licensed Marks; and (iv) be responsible, at its sole cost and expense, for any requirements the gaming authorities may impose or otherwise may be imposed by applicable law solely on Licensee or the Host as a result of the termination of
this Sublicense Agreement. 
 (c) The parties will make good faith efforts not less than sixty (60) days prior to the
Termination Date to develop a transition plan: (i) to provide an orderly transition of the removal of any World Series of Poker indicia (including the Licensed Marks and any other Licensor or CIE intellectual property) from the Host Property;
and (ii) to provide for the removal of any, software or other property in Licensee’s or the Host’s possession that is owned by Licensor or CIE. 
 (d) Each party shall return the Confidential Information of the other party, and permanently delete, purge and destroy all Confidential Information in electronic form (other than archival copies of
Confidential Information on back up media provided that such Confidential Information is never restored for use). 
 (e) Within
seven (7) business days after the Termination Date, Licensee will provide to Licensor an officer’s certificate of Licensee’s compliance with its obligations under this Section 5.6. 

(f) Licensee shall pay all Fees, cost and expense reimbursements, and all other amounts due to Licensor through the Termination Date or
fees and expenses for any services performed after the Termination Date within thirty (30) days after receipt of an invoice for the same. 
 5.7 Termination of CT License Agreement. If Licensor’s license under the CT License Agreement terminates under the terms thereof, this Sublicense Agreement shall automatically become a direct
license between Licensee and CIE, provided that Licensee is compliant with the terms and conditions of this Sublicense Agreement and is not in breach of this Sublicense Agreement. 

 

	6.	REPRESENTATIONS; DISCLAIMERS OF WARRANTIES AND DAMAGES; INDEMNITY 

 6.1 Licensor hereby represents and warrants that, within the United States, Licensor is the owner of the entire right, title and interest in and to the Licensed Marks and that Licensee’s use of the
Licensed Marks in accordance with the terms set forth in this Sublicense Agreement does not, to the knowledge of Licensor, infringe or conflict with the intellectual property rights of any third party. Licensor further represents and warrants that
the rights granted to Licensee do not conflict with any contractual rights granted by Licensor and CIE to any third party. 

6.2 EXCEPT AS SET FORTH IN SECTION 6.1, NEITHER CIE NOR LICENSOR MAKES ANY WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, STATUTORY OR
OTHERWISE. 

 
RELATED TO OR ARISING OUT OF THE LICENSED MARKS OR THIS SUBLICENSE AGREEMENT. EXCEPT AS SET FORTH IN SECTION 6.1, THE LICENSED MARKS ARE PROVIDED “AS IS,” AND CIE AND LICENSOR
SPECIFICALLY DISCLAIM ANY WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND ALL OTHER WARRANTIES THAT MAY OTHERWISE ARISE FROM COURSE OF DEALING, USAGE OF TRADE OR CUSTOM. 

6.3 LICENSEE ACKNOWLEDGES THAT IT HAS INDEPENDENTLY EVALUATED THE OPERATIONAL AND FINANCIAL BENEFITS AND RISKS ASSOCIATED WITH HOSTING
THE SUBLICENSED TOURNAMENTS AND IS NOT RELYING ON ANY REPRESENTATION, WARRANTY. GUARANTEE, OR STATEMENT OF CIE, LICENSOR OR THEIR AFFILIATES OTHER THAN AS EXPRESSLY SET FORTH IN THIS SUBLICENSE AGREEMENT. 

6.4 LIMITATION OF LIABILITY. 
 (a) LICENSOR AND CIE. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, LICENSOR AND CIE SHALL NOT BE LIABLE FOR ANY TYPE OF INDIRECT. INCIDENTAL, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES OR
LOSS, HOWSOEVER CAUSED OR ARISING, ON ANY THEORY OF LIABILITY, INCLUDING BUT NOT LIMITED TO EXPENSE FOR SUBSTITUTE EQUIPMENT OR SERVICE, LOSS OR CORRUPTION OF DATA, LOST PROFITS, LOST REVENUE, LOSS OF OPPORTUNITY, LOST PRODUCTION, LOSS OF OR DAMAGE
TO GOODWILL AND REPUTATION, LOST INTEREST AND LOST SAVINGS. THIS LIMITATION SHALL APPLY EVEN IF LICENSOR AND CIE HAVE BEEN ADVISED, OR IS AWARE, OF THE POSSIBILITY OF SUCH DAMAGES OR LOSS. IN NO EVENT SHALL RECOVERY OF ANY KIND AGAINST LICENSOR, CIE
OR THEIR AFFILIATES BE GREATER IN AMOUNT THAN THE TOTAL AMOUNT OF THE TOTAL FEES ACTUALLY PAID TO LICENSOR PURSUANT TO THIS SUBLICENSE AGREEMENT, EXCEPT THAT THIS CAP ON DAMAGES SHALL NOT APPLY TO LICENSOR’S INDEMNITY WITH RESPECT TO THIRD
PARTY CLAIMS OF INFRINGMENT PURSUANT TO SECTION 6.5(b). THESE LIMITATIONS OF LIABILITY SHALL APPLY NOTWITHSTANDING ANY FAILURE OF THE ESSENTIAL PURPOSE OF ANY LIMITED REMEDY. 
 (b) LICENSEE. EXCEPT FOR (A) AMOUNTS PAYABLE PURSUANT TO THE INDEMNIFICATION OBLIGATIONS UNDER SECTION 6.5, (B) LICENSEE’S BREACH OF SECTION 9.11, (C) LICENSEE’S FINANCIAL
OBLIGATIONS HEREIN OR (D) ANY BREACH OF THIS SUBLICENSE AGREEMENT WITH RESPECT TO LICENSOR’S AND CIE’S INTELLECTUAL PROPERTY, LICENSEE SHALL NOT BE LIABLE FOR ANY TYPE OF INDIRECT, INCIDENTAL, PUNITIVE, SPECIAL OR CONSEQUENTIAL
DAMAGES OR LOSS, HOWSOEVER CAUSED OR ARISING. THESE LIMITATIONS OF LIABILITY SHALL APPLY NOTWITHSTANDING ANY FAILURE OF THE ESSENTIAL PURPOSE OF ANY LIMITED REMEDY. 
 6.5 Indemnity. 
 (a) Licensee agrees to fully defend, indemnify and hold
harmless Licensor from and against any and all liabilities, claims, causes of action, suits, damages and expenses (including attorneys’ fees) arising out of or resulting from: (i) any claim (other than claims covered by Section 6.5(b)
below) that the materials incorporating the Licensed Marks infringe a third party’s intellectual property; (ii) any claim (other than claims covered by Section 6.5(b) below) related to the Licensed Marks or materials incorporating the
Licensed Marks including, without limitation, Licensee’s false or misleading advertising, or unauthorized use of a person’s likeness or image, in connection with any of the Licensed Marks or any violation of any applicable law or
regulation in connection with the use, marketing, promotion, or distribution of any of the materials incorporating the Licensed Marks; (iii) any use of the Licensed Marks in a manner not authorized by this Sublicense Agreement; (iv) any
claim for death, injury or property damage arising out of or related to a Sublicensed Tournament; or (v) any breach of this Sublicense Agreement by Licensee. 

 (b) Licensor agrees to fully defend, indemnify and hold harmless Licensee and the Host from
and against any and all liabilities, claims, causes of action, suits, damages and expenses (including attorneys’ fees) arising out of or resulting from any claim that the use of the Licensed Marks pursuant to this Sublicense Agreement infringes
a third party’s intellectual property rights. 
 6.6 Survival. This Section shall survive the expiration or any
termination of this Sublicense Agreement. 
  

	7.	INSURANCE 

 Licensee
agrees to comply with the obligations stated in Exhibit G hereto and to maintain in effect at all times during the Sublicense Term of this Sublicense Agreement the required insurance coverage set forth therein. 

 

	8.	GAMING LAWS 

 Licensor,
CIE and their affiliates are required to adhere to strict laws and regulations regarding business relationships. If at any time Licensor determines, in its sole discretion, that a business relationship with Licensee or the Host, could violate any
statutes and regulations regarding prohibited relationships with gaming companies, or if Licensor determines in good faith that it would be in its best interest to terminate its relationship with Licensee in order to protect any of its or CIE’s
privileged gaming licenses, Licensor may immediately terminate this Sublicense Agreement with no liability to Licensee. If this Sublicense Agreement meets a threshold mandated by Licensor’s or CIE’s compliance policies, Licensee agrees to,
and agrees to cause the Host to, complete and submit to Licensor a “Business Information Form”, and to undergo a background investigation to comply with Licensor compliance policies. 

 

	9.	MISCELLANEOUS 

 9.1
Governing Law; Severability; Jurisdiction and Venue. 
 (a) Governing Law. This Sublicense Agreement, and all
disputes between the parties under or related to this Sublicense Agreement or the facts and circumstances leading to its execution, whether in contract, tort or otherwise, shall be governed by and construed in accordance with the Laws of the State
of Nevada, applicable to contracts executed in and to be performed entirely within the State of Nevada, without regard to the conflicts of laws principles thereof If any provision of this Sublicense Agreement or the application thereof is held
invalid or unenforceable to any extent, the remainder of this Sublicense Agreement and the application of that provision to other persons or circumstances shall not be affected thereby, and that provision shall be enforced to the greatest extent
permitted by law. 
 (b) Arbitration. Subject to Licensor’s right to obtain injunctive relief as provided in
Section 9.3, any controversy or claim arising out of or relating to this Sublicense Agreement, or the breach thereof, shall be settled by arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association,
subject to the following provisions: (i) each party shall appoint an arbitrator and the two such arbitrators shall appoint a third neutral arbitrator; (ii) the arbitration proceedings shall be conducted in English in Las Vegas. Nevada; and
(iii) any award rendered by the arbitrators may be entered in any court having jurisdiction thereof. 
 9.2 Waiver of
Jury Trial. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS SUBLICENSE AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE IT HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS SUBLICENSE AGREEMENT AND ANY OF THE AGREEMENTS DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.
EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE 

 
EVENT OF LITIGATION, SEEK TO ENFORCE EITHER OF SUCH WAIVERS, (II) IT UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF SUCH WAIVERS, (III) IT MAKES SUCH WAIVERS VOLUNTARILY, AND (IV) IT HAS BEEN
INDUCED TO ENTER INTO THIS SUBLICENSE AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 9.2. 
 9.3 Injunctive Relief. Licensee acknowledges and agrees that Licensor and CIE would be irreparably damaged if any of the provisions of this Sublicense Agreement are not performed by Licensee in
accordance with their specific terms, and that any breach of, threatened breach of, or failure to perform or comply with, this Sublicense Agreement by Licensee could not be adequately compensated in all cases by monetary damages alone. Accordingly,
in addition to any other right or remedy to which Licensor and CIE may be entitled at law or in equity, either of Licensor or CIE shall be entitled to seek temporary, preliminary and permanent injunctive relief to prevent breaches or threatened
breaches of any of the provisions of this Sublicense Agreement, without posting any bond or other undertaking. 
 9.4
Notices. All notices, requests, claims, demands and other communications required or permitted to be given hereunder will be in writing and will be given or made by delivery in person, by courier service, by facsimile (with a copy sent by
another means specified herein), by e-mail, or by registered or certified mail (postage prepaid, return receipt requested). Except as provided otherwise herein, notices delivered by hand or by courier service shall be deemed given upon receipt;
notices delivered by facsimile or e-mail shall be deemed given twenty- four (24) hours after the sender’s receipt of confirmation of successful transmission; and notices delivered by registered or certified mail shall be deemed given seven
(7) days after being deposited in the mail system. All notices shall be addressed to the parties at the following addresses (or at such other address for a party as will be specified by like notice): 

(a) if to CT, to: 
  

					
		  	Caesars Tournament, LLC
		  	One Caesars Palace Drive
		  	Las Vegas, NV 89109
		  	Attention:	  	General Counsel
		  	Facsimile:	  	(702)407-6218
		
		  	with a copy to:
		
		  	Caesars Entertainment Corporation
		  	One Caesars Palace Drive
		  	Las Vegas, NV 89109
		  	Attention:	  	General Counsel
		  	Facsimile:	  	(702)407-6218
		
		  	with a further copy to:
		
		  	Paul, Weiss, Rifkind, Wharton & Garrison LLP
		  	1285 Avenue of the Americas
		  	New York, NY 10019
		  	Attention:	  	John Scott
		  	Facsimile:	  	(212)492-0079

 (b) if to CEC, to: 
  

					
		  	Caesars Entertainment Corporation
		  	One Caesars Palace Drive
		  	Las Vegas, NV 89109
		  	Attention:	  	General Counsel
		  	Facsimile:	  	(702)407-6218

					
	 	  	with a further copy to:
		
		  	Paul, Weiss, Rifkind, Wharton & Garrison LLP
		  	1285 Avenue of the Americas
		  	New York, NY 10019
		  	Attention:	  	John Scott
		  	Facsimile:	  	(212) 492-0079

 (c) if to RIO, to: 
  

					
		  	Rio Properties, LLC
		  	One Caesars Place Drive
		  	Las Vegas, NV 89109
		  	Attention:	  	General Counsel, Caesars
		  	Facsimile:	  	(702) 407 -6218
		
		  	with a copy to:
		
		  	Caesars Entertainment Corporation
		  	One Caesars Palace Drive
		  	Las Vegas, NV 89109
		  	Attention:	  	General Counsel
		  	Facsimile:	  	(702) 407-6218
		
		  	with a further copy to:
		
		  	Paul, Weiss, Rifkind, Wharton & Garrison LLP
		  	1285 Avenue of the Americas
		  	New York, NY 10019
		  	Attention:	  	John Scott
		  	Facsimile:	  	(212) 492-0079

 9.5 Binding Effect; Assignment. 

(a) This Sublicense Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and permitted
assigns and legal representatives; provided, however, that neither party may assign this Sublicense Agreement and/or any of their rights or obligations hereunder, without the prior written consent of the other party. Notwithstanding the foregoing,
subject to all regulatory approvals and the parties’ internal compliance policies, Licensor and Licensee may each assign this Sublicense Agreement and/or any of their rights or obligations hereunder in connection with the sale of all or
substantially all of the stock, assets or voting control of either Licensor or Licensee, any merger or other business combination or corporate reorganization of Licensor or Licensee or any transaction pursuant to which more than 50% of the voting
power or direct or indirect beneficial ownership of Licensor or Licensee is transferred (collectively, a “Change of Control Transaction”). 
 (b) In the event that CEC directly or indirectly enters into a transaction (whether by merger or sale of all or substantially all of the stock, assets or voting control of RIO) such that RIO is divested
from and no longer affiliated with CEC (collectively, a “RIO Sale”), CEC may assign this Sublicense Agreement in whole (but not in part) without Licensor’s prior consent to RIO or a purchaser of all or substantially all of the
assets of RIO (the “RIO Purchaser”). CEC shall provide Licensor with written notice of a RIO Sale within thirty (30) days of the closing of such a sale. Upon assignment to RIO or the RIO Purchaser in connection with a RIO Sale
pursuant to this Section 9.5(b), RIO or the RIO Purchaser will no longer have the right to assign this Sublicense Agreement without Licensor’s consent, including pursuant to a Change of Control Transaction (which will be considered an
assignment by RIO or the RIO Purchaser, as applicable). In the event Licensor grants such consent to Rio or the Rio Purchaser. Rio or the Rio Purchaser (as applicable) shall remain solely responsible for the acts or omissions of such authorized

 
third-party as it relates to the use of the Licensed Marks. Any attempt by Rio or the Rio Purchaser (or any of their permitted successors or assigns) to assign or transfer this Sublicense
Agreement or the rights granted herein, including pursuant to a Change of Control Transaction (which will be considered an assignment by RIO or the RIO Purchaser, as applicable), without the prior consent of Licensor shall render this Sublicense
Agreement void ab initio. 
 9.6 Counterparts. This Sublicense Agreement may be executed in counterparts,
including via facsimile, each of which shall be deemed an original and all of which taken together shall constitute one and the same document. 
 9.7 Entire Agreement; Amendments. The exhibits attached to this Sublicense Agreement are incorporated by reference and constitute a part of this Sublicense Agreement as if fully set forth herein.
This Sublicense Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof. This Sublicense Agreement may be amended only in a writing executed by each of the parties hereto. 

9.8 Third Party Beneficiaries. CIE is an intended third party beneficiary of this Sublicense Agreement. Except for CIE, nothing in
this Sublicense Agreement shall confer any rights upon any person or entity other than the parties hereto and their respective heirs, successors and permitted assigns. 
 9.9 Force Majeure. Neither party shall be liable for any delay or failure to perform its obligations excluding payment obligations hereunder due to a force majeure event (including, without
limitation, strikes, shortages, riots, insurrection, fires, flood, storm, earthquakes, explosions, acts of God, war, civil unrest, terrorism, labor conditions, or any other cause that is beyond the reasonable control of the party). Each party shall
use its reasonable commercial efforts to minimize the duration and consequences of any failure of or delay in performances resulting from a force majeure event and will furnish to the other party a detailed written response describing such event,
its estimated duration and the actions proposed to be taken in response thereto. Under no circumstances will a force majeure event relieve Licensee of its obligation to pay the minimum license fee set forth in Section 2.1 of this Sublicense
Agreement. Should a force majeure event delay Licensee’s non-financial obligations for a period of more than thirty (30) days, Licensor at its option may terminate this Sublicense Agreement. 

9.10 Interpretation. The term “Sublicense Agreement” means this Sublicense Agreement as it may be modified by the
parties from time to time and includes the recitals to this Sublicense Agreement and any exhibits to this Sublicense Agreement. When a reference is made in this Sublicense Agreement to Sections or Exhibits, such reference shall be to a Section or
Exhibit of this Sublicense Agreement unless otherwise indicated. The headings contained in this Sublicense Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Sublicense Agreement. Whenever
the words “include,” “includes” or “including” are used in this Sublicense Agreement they shall be deemed to be followed by the words “without limitation.” Unless the context requires otherwise, words
importing the singular include the plural and vice versa. 
 9.11 Confidentiality. Each party acknowledges that it may
obtain confidential, non-public information of the other party (“Confidential Information”) under this Sublicense Agreement. Without limiting the foregoing, the terms and conditions of this Sublicense Agreement and any personally
identifiable information provided under this Sublicense Agreement shall be deemed Confidential Information. Each party will protect the other’s Confidential Information from unauthorized dissemination and use with the same degree of care that
each such party uses to protect its own like information. Neither party will use the other’s Confidential Information for purposes other than those necessary to directly further the purposes of, or to exercise such party’s rights under,
this Sublicense Agreement. Neither party will disclose to third-parties the other’s Confidential Information without the prior written consent of the other party, except (i) to attorneys, accountants, and similar professional advisors,
contractors authorized to perform such party’s obligations and employees of such party to whom disclosure is necessary in order to effectuate the purposes of this Sublicense Agreement; or (ii) in response to a lawful order of a court of
competent jurisdiction or other governmental body or in any public statements or communications that are required pursuant to any applicable law or for the exercise of any of such party’s rights hereunder (in which case such party will, to the
extent practicable, promptly inform the other party in advance of such compelled disclosure and cooperate fully with the other party in protecting against any such compelled disclosure and obtaining a protective order narrowing the

 
scope of the compelled disclosure and protecting its confidentiality). Each party acknowledges that the restrictions contained in this Section are reasonable and necessary to protect the
legitimate interests of the disclosing party, do not cause the recipient of the Confidential Information undue hardship, and that any violation of the provisions of this Section will result in irreparable injury to the disclosing party and its
affiliates and that, therefore, the disclosing party shall be entitled to preliminary and permanent injunction relief in any court of competent jurisdiction, which rights shall be cumulative and in addition to any other rights or remedies to which
the disclosing party may be entitled. The obligations and restrictions contained in this Section shall survive the expiration or termination of this Sublicense Agreement for any reason. 

9.12 Independent Contractor Status. Nothing in this Sublicense Agreement will be construed as creating a joint venture,
partnership or employment relationship between Licensor and Licensee. Licensor and Licensee are independent contractors. Neither party will have the right, power or implied authority to create any obligation or duty on behalf of the other party.

 9.13 Attorneys Fees. In the event of any dispute between the parties arising out of this Sublicense Agreement, the
prevailing party shall be entitled, in addition to any other rights and remedies it may have, to recover its reasonable attorney fees and costs. 
 9.14 Waiver. The failure by any party to insist upon the strict performances of any covenant, agreement, term or condition of this Sublicense Agreement, or to exercise any right or remedy
consequent upon the breach thereof, shall not constitute a waiver of any such breach or any subsequent breach of such covenant, agreement, term or condition. No covenant, agreement, term or condition of this Sublicense Agreement and no breach
thereof shall be waived, altered or modified except by written instrument. No waiver of any breach shall affect or alter this Sublicense Agreement, but each and every covenant, agreement, term and condition of this Sublicense Agreement shall
continue in full force and effect with respect to any other then existing or subsequent breach thereof. 
 9.15
Publicity. Each party agrees that, without the prior written consent of the other party, it and its personnel will not disclose or reveal to any person the terms and conditions of this Sublicense Agreement (including without limitation the
Fees); provided, however, that either party may make such disclosure if required by applicable law. 
 9.16
Effectiveness. This Sublicense Agreement shall not be binding or effective until executed by both parties. 
 9.17
Legal Authority. Each party represents and warrants to the other that it has all necessary rights, powers and authority to enter into and perform this Sublicense Agreement and that the execution, delivery and performance of this Sublicense
Agreement has been duly authorized by all necessary corporate action. 
 IN WITNESS WHEREOF, the parties hereto have
caused this Sublicense Agreement to be made effective as of the Effective Date. 

					
	Licensee:	 		 	Licensor:
	Caesars Entertainment Corporation	 		 	Caesars Tournament, LLC
		 		 	By: Caesars Entertainment Corporation, its Sole Member
			
	 /s/ Jonathan Halkyard
	 		 	 /s/ Jonathan Halkyard

	(Signature)	 		 	(Signature)
	 Jonathan Halkyard
	 		 	 Jonathan Halkyard

	(Print)	 		 	(Print)
	 SVP & Chief Financial Officer
	 		 	 SVP & Chief Financial Officer

	Title	 		 	Title
	 8/25/11
	 		 	 8/25/11

	Date	 		 	DateEX-10.20

 Exhibit 10.20 
 CAESARS INTERACTIVE ENTERTAINMENT, INC. 
 AMENDED AND RESTATED MANAGEMENT
EQUITY INCENTIVE PLAN (amended as of February 9, 2012) 
 1. Purpose of the Plan 

The purpose of the Caesars Interactive Entertainment, Inc. Amended and Restated Management Equity Incentive Plan (the
“Plan”) is to promote the interests of the Company and its shareholders by providing the key employees, directors, service providers and consultants of the Company and its Affiliates with an appropriate incentive to encourage them
to continue in the employ of the Company or Affiliate and to improve the growth and profitability of the Company. The Company’s Management Equity Incentive Plan originally effective on May 1, 2009 is hereby amended and restated in its
entirety as of February 9, 2012, to allow grants of Restricted Stock under the Plan. Grants made after the Effective Date shall be governed by the terms of the Plan. 
 2. Definitions 
 As used in this Plan, the following capitalized
terms shall have the following meanings: 
 (a) “Affiliate” shall mean any direct or indirect subsidiary of the
Company. 
 (b) “Board” shall mean the Board of Directors of the Company. 

(c) “Cause” shall mean, when used in connection with the termination of a Participant’s Employment, (i) if the
Participant has an effective employment agreement with the Company or any Affiliate, the definition used in such employment agreement, or (ii) if the Participant does not have an effective employment agreement with the Company or any Affiliate,
unless otherwise provided in the Participant’s Option Grant Agreement or Restricted Stock Grant Agreement, the termination of the Participant’s Employment with the Company and all Affiliates on account of (A) the willful failure of
the Participant to perform substantially the Participant’s duties with the Company (as described below) or to follow a lawful reasonable directive from the Board (other than any such failure resulting from incapacity due to physical or mental
illness), after a written demand for substantial performance is delivered to the Participant which specifically identifies the manner in which the Company believes that the Participant has not substantially performed the Participant’s duties or
to follow a lawful reasonable directive and the Participant is given a reasonable opportunity (not to exceed thirty (30) days) to cure any such failure to substantially perform, if curable; (B) (1) any willful act of fraud, or
embezzlement or theft by the Participant, in each case, in connection with the Participant’s duties with the Company or its Affiliates or in the course of the Participant’s employment with the Company or its Affiliates or (2) the
Participant’s admission in any court, or conviction of, a felony; or (C) the Participant being found unsuitable for or having a gaming license denied or revoked by the gaming regulatory authorities in Arizona, California, Illinois,
Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, New Jersey, New York, Pennsylvania, United Kingdom, Ontario, South Africa, North Carolina, or Alderney or any other applicable area in which the Company or an Affiliate does business at the
time of determination. For purposes of this definition, no act or failure to act, on the part of the Participant, shall be considered “willful” unless it is done, or omitted to be done, by the Participant in bad faith and without
reasonable belief that the Participant’s action or omission was in the best interests of the Company. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the advice of counsel
for the Company shall be conclusively presumed to be done, or omitted to be done, by the Participant in good faith and in the best interests of the Company. 

 (d) “Change in Control” shall mean the occurrence of any of the following
events after the Closing Date: (i) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all or substantially all of the assets of the Company on a consolidated basis to any Person or group of
related persons for purposes of Section 13(d) of the Exchange Act (a “Group”), together with any Affiliates thereof other than to the Majority Stockholder or any ultimate parent entity of the Company or the Majority
Stockholder; (ii) the approval by the holders of the outstanding voting securities of the Company of any plan or proposal for the liquidation or dissolution of the Company; (iii) any Person or Group (other than the Majority Stockholder or
any ultimate parent entity of the Company or the Majority Stockholder) shall become the beneficial owner (within the meaning of Section 13(d) of the Exchange Act), directly or indirectly, of common stock representing more than 50% of the
combined voting power of the Company entitled to vote generally in the election of directors; (iv) the replacement of a majority of the Board over a two-year period of the directors who constituted the Board at the beginning of such period, and
such replacement shall not have been approved by a vote of at least a majority of the Board then still in office who either were members of such Board at the beginning of such period or whose election as a member of such Board was previously so
approved or who were nominated by, or designees of, the Majority Stockholder or any ultimate parent entity of the Company or the Majority Stockholder; or (v) consummation of a merger, consolidation or other transaction involving the Company
following which the Majority Stockholder or any ultimate parent entity of the Company or the Majority Stockholder does not hold capital stock or other securities of the surviving corporation (A) with voting power to elect a majority of the
surviving entity’s board of directors or (B) representing at least 50% of the equity securities of the surviving entity. 
 (e) “Closing Date” shall mean May 1, 2009. 
 (f)
“Code” shall mean the Internal Revenue Code of 1986, as amended. 
 (g) “Committee” shall mean
the Compensation Committee of the Board, or any other committee appointed by the Board to administer the Plan pursuant to Section 3. 
 (h) “Company” shall mean Caesars Interactive Entertainment, Inc., a Delaware corporation, fka Harrah’s Interactive Entertainment, Inc. 

(i) “Competitor” shall mean any Person engaged in the online gaming (including play for fun gaming) business or any
related licensing, sponsorship and/or poker gaming or similar tournament business anywhere in the world at the time the relevant Participant’s employment with the Company and its Affiliates ends. 

(j) “Disability” shall mean (i) the Participant is unable to engage in any substantial gainful activity by reason
of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months or (ii) the Participant is, by reason of any medically
determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than three months under
an accident and health plan covering employees of the Company. 
 (k) “Effective Date” shall mean
February 9, 2012. 

  
 2 

 (l) “Eligible Employee” shall mean any Employee of the Company or any
Affiliate, or any director, service provider or consultant of the Company or any Affiliate, who is selected by the Company’s Chief Executive Officer and is reasonably acceptable to the Board or Committee. 

(m) “Employment” shall mean employment with the Company or any Affiliate and shall include the provision of services as
a director, service provider or consultant for the Company or any Affiliate. “Employee” and “Employed” shall have correlative meanings. 
 (n) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
 (o) “Exercise Date” shall have the meaning set forth in Section 4.7 herein. 
 (p) “Exercise Notice” shall have the meaning set forth in Section 4.7 herein. 
 (q) “Exercise Price” shall mean the price that the Participant must pay under the Option for each Share as determined by the Committee for each Grant and initially specified in the Stock
Option Grant Agreement, which shall be equal to the Fair Market Value of a Share on the Grant Date, subject to any adjustment that may be made following the Grant Date in accordance with the Plan. 

(r) “Fair Market Value” shall mean, as of any date (i) prior to the existence of a public market for the Shares,
the value per Share determined pursuant to a valuation made in good faith by the Board or the Committee or (ii) on which a public market for the Shares exists, (A) the closing price on such day of a Share as reported on the principal
securities exchange on which Shares are then listed or admitted to trading or (B) if not so reported, the average of the closing bid and ask prices on such day as reported on the National Association of Securities Dealers Automated Quotation
System or (C) if not so reported, as furnished by any member of the Financial Industry Regulatory Authority (“FINRA”) selected by the Board. The Fair Market Value of a Share as of any such date on which the applicable exchange
or inter-dealer quotation system through which trading in the Shares regularly occurs is closed shall be the Fair Market Value determined pursuant to the preceding sentence as of the immediately preceding date on which the Shares are traded, a bid
and ask price is reported or a trading price is reported by any member of FINRA selected by the Board. In the event that the price of a Share shall not be so reported or furnished, the Fair Market Value shall be determined by the Board in good faith
to reflect the fair market value of a Share and shall be determined in accordance with the requirements of Section 409A of the Code. 
 (s) “Good Reason” shall mean, without a Participant’s express written consent: 
 (i) a material diminution by the Company in the Participant’s annual base salary, as the same may be increased from time to time, other than a reduction in base salary that applies to a similarly
situated class of employees of the Company or its Affiliates; or 
 (ii) with respect to a Participant that has an effective
employment agreement with the Company or its Affiliates, the definition used in such agreement (if any) or, if not defined in such agreement, (A) any breach by the Company of a material provision of the Participant’s employment agreement
or (B) if the employment agreement allows the Participant to terminate employment for Good Reason based on a material change in the geographic location or locations at which the Participant is required to perform services for the Company and
its Affiliates, a material change in such geographic location or locations. 

  
 3 

 In order to invoke a termination for Good Reason, Participant must provide written notice to the Company of
the existence of one of the conditions described in clauses (i) through (ii) within 30 days of the initial existence of the condition and the Company shall have 30 days (the “Cure Period”) during which it may remedy the
condition. If the Company has failed to remedy the condition constituting Good Reason during the Cure Period, then in order to invoke a termination for Good Reason, the relevant Participant must terminate employment, if at all, within 30 days
following the Cure Period. 
 (t) “Grant” shall mean a grant of an Option or Restricted Stock under the Plan
evidenced by a Stock Option Grant Agreement or a Restricted Stock Grant Agreement, respectively. 
 (u) “Grant
Date” shall mean the Grant Date as defined in Section 4.2, with respect to Options, and Section 5.1, with respect to Restricted Stock. 
 (v) “Initial Public Offering” shall be deemed to occur on the effective date of the first registration statement (other than (i) a registration relating to an employee benefit plan
or employee stock plan, a dividend reinvestment plan, or a merger or a consolidation (including without limitation a registration relating to an employee investment or rollover opportunity or participation in this Plan), (ii) a registration
incidental to an issuance of securities under Rule 144A, (iii) a registration on Form S-4 or any successor form, or (iv) a registration on Form S-8 or any successor form) filed to register at least 10% of the total then-outstanding equity
interests in the Company under the Securities Act. 
 (w) “Majority Stockholder” means HIE Holdings, Inc. or an
Affiliate thereof. 
 (x) “Management Investor Rights Agreement” shall mean the Management Investor Rights
Agreement, substantially in the form attached hereto as Exhibit C, or such other Stockholders’ agreement as may be entered into between the Company and any Participant. 
 (y) “Option” shall mean the option to purchase Shares granted to any Participant under the Plan. 
 (z) “Participant” shall mean an Eligible Employee to whom a Grant of an Option and/or Restricted Stock under the Plan has been made, and, where applicable, shall include Permitted
Transferees. 
 (aa) “Permitted Transferee” shall have the meaning set forth in Section 6.1. 

(bb) “Person” means an individual, partnership, corporation, limited liability company, unincorporated organization,
trust or joint venture, or a governmental agency or political subdivision thereof. 
 (cc) “Qualifying
Termination” shall mean, with respect to a Participant, (i) a termination of such Participant’s Employment due to death or Disability or (ii) by the Company without Cause or by the Participant for Good Reason, in each case
within the one-year period following a Change in Control. 
 (dd) “Restricted Stock” shall mean Shares granted
under Section 5 of this Plan that are subject to certain restrictions and may be subject to risk of forfeiture or repurchase. 
 (ee) “Restricted Stock Grant Agreement” shall mean an agreement, substantially in the form attached hereto as Exhibit B, entered into by each Participant and the Company evidencing the
Grant of shares of Restricted Stock pursuant to the Plan, provided the Committee may make such changes to the form of Restricted Stock Grant Agreement for any particular Grant as the Committee may determine pursuant to its powers set forth in
Section 3.1(c) of the Plan. 

  
 4 

 (ff) “Retirement” shall mean, when used in connection with the termination
of a Participant’s Employment, a voluntary resignation of Employment by the Participant that occurs on or after the first date on which the Participant has (i) attained at least the age of 50, and when added to his number of years of
continuous service with the Company or its Affiliates (including any period of salary continuation), his age and years of service equals or exceed 65 or (ii) the date on which the Participant attains age 65. 

(gg) “Securities Act” shall mean the Securities Act of 1933, as amended. 

(hh) “Shares” shall mean common stock of the Company, $0.001 par value per share. 

(ii) “Stockholder” shall mean any Person that properly holds one or more Shares, regardless of whether such Shares were
initially acquired from the Company or by assignment from another Stockholder. 
 (jj) “Stock Option Grant
Agreement” shall mean an agreement, substantially in the form attached hereto as Exhibit A, entered into by each Participant and the Company evidencing the Grant of each Option pursuant to the Plan, provided the Committee may make such
changes to the form of Stock Option Grant Agreement for any particular Grant as the Committee may determine pursuant to its powers set forth in Section 3.1(c) of the Plan. 

(kk) “Transfer” shall mean any transfer, sale, assignment, hedge, gift, testamentary transfer, pledge, hypothecation or
other disposition of any interest. “Transferee” and “Transferor” shall have correlative meanings. 
 (ll) “Vesting Date” shall mean the date an Option or Restricted Stock vests in whole or in part as described in Sections 4 and 5 herein. 

3. Administration of the Plan 
 The Committee shall administer the Plan. In the absence of a Committee, the Board shall function as the Committee for all purposes under the Plan, and to the extent that the Board so acts, references in
the Plan to the Committee shall refer to the Board as applicable. In addition, the Committee, in its discretion, may delegate its authority to make Grants to an officer or committee of officers of the Company, subject to applicable law and
reasonable limits and guidelines established by the Committee at the time of such delegation. 
 3.1 Powers of the
Committee. In addition to the other powers granted to the Committee under the Plan, the Committee shall have the power: (a) to approve (in accordance with a ‘reasonably acceptable’ standard) those Eligible Employees selected
by the Chief Executive Officer of the Company to whom Grants shall be made; (b) to determine the time or times when Grants shall be made and to determine the number of Shares subject to each such Grant; (c) to prescribe the form of and
terms and conditions of any instrument evidencing a Grant, so long as such terms and conditions are not otherwise inconsistent with the terms of the Plan; (d) to adopt, amend and rescind such rules and regulations as, in its opinion, may be
advisable for the administration of the Plan; (e) to construe and interpret in good faith the Plan, such rules and regulations and the instruments evidencing Grants; and (f) to make all other determinations necessary or advisable for the
administration of the Plan. 

  
 5 

 3.2 Determinations of the Committee. Any Grant, determination, interpretation,
prescription or other act of the Committee shall be final and conclusively binding upon all Persons. 
 3.3
Indemnification of the Committee. No member of the Committee nor the Majority Stockholder or its employees, partners, directors or associates shall be liable for any action or determination made in good faith with respect to the Plan
or any Grant. To the full extent permitted by law, the Company shall indemnify and hold harmless each Person made or threatened to be made a party to any civil or criminal action or proceeding by reason of the fact that such Person, or such
Person’s testator or intestate, is or was a member of the Committee or is or was the Majority Stockholder or an employee, partner, director or associate thereof, to the extent such criminal or civil action or proceeding relates to the Plan.

 3.4 Compliance with Applicable Law; Securities Matters; Effectiveness of Option Exercise. The Company shall be
under no obligation to effect the registration pursuant to the Securities Act of any Shares to be issued hereunder or to effect similar compliance under any state or non-U.S. laws. Notwithstanding anything herein to the contrary, the Company shall
not be required to issue or deliver any certificates evidencing the Shares pursuant to the exercise of any Options or the lapse of the restrictions on Restricted Stock, unless and until the Committee has determined, with advice of counsel, that the
issuance and delivery of such certificates is in compliance with all applicable laws, regulations of governmental authorities and, if applicable, the requirements of any exchange on which the Shares are listed or traded. In addition to the terms and
conditions provided herein, the Committee may require that a Participant make such reasonable covenants, agreements and representations as the Committee, in its good faith discretion, deems advisable in order to comply with any such laws,
regulations or requirements. The Company may, in its sole discretion, defer the effectiveness of an exercise of an Option hereunder, the lapse of the restrictions on Restricted Stock or the issuance or transfer of the Shares pursuant to any Grant
pending or to ensure compliance under federal, state or non-U.S. securities laws. The Company shall use commercially reasonable efforts to comply with all applicable laws, regulations of governmental authorities and, if applicable, the requirements
of any exchange on which the Shares are listed or traded to facilitate the exercise of the Options hereunder and the issuance of Shares pursuant to such Options or the terms of Restricted Stock grants. The Company shall inform the Participant in
writing of its decision to defer the effectiveness of the exercise of an Option or the issuance or transfer of the Shares pursuant to any Grant. During the period that the effectiveness of the exercise of an Option has been deferred, the Participant
may, by written notice, withdraw such exercise and obtain the refund of any amount paid with respect thereto. 
 3.5
Foreign Holders. Notwithstanding any provision of the Plan to the contrary, in order to comply with the laws in countries other than the United States in which the Company and its Affiliates operate or have Employees, or in order to
comply with the requirements of any foreign securities exchange, the Committee, in its sole discretion, shall have the power and authority to: (a) determine which Affiliates shall be covered by the Plan; (b) determine which Eligible
Employees outside the United States are eligible to participate in the Plan; (c) modify the terms and conditions of any Grants to Eligible Employees outside the United States to comply with applicable foreign laws or listing requirements of any
such foreign securities exchange; (d) establish subplans and modify exercise procedures and other terms and procedures, to the extent such actions may be necessary or advisable (any such subplans and/or modifications shall be

  
 6 

 
attached to the Plan as appendices); provided, however, that no such subplans and/or modifications shall increase the share limitations contained in Section 3.7; and
(e) take any action, before or after a Grant is made, that it deems advisable to obtain approval or comply with any necessary local governmental regulatory exemptions or approvals or listing requirements of any such foreign securities exchange.
Notwithstanding the foregoing, the Committee may not take any actions hereunder, and no Grants shall be made, that would violate any applicable laws. For purposes of the Plan, all references to foreign laws, rules, regulations or taxes shall be
references to the laws, rules, regulations and taxes of any applicable jurisdiction other than the United States or a political subdivision thereof. 
 3.6 Inconsistent Terms. In the event of a conflict between the terms of the Plan, the terms of the Management Investor Rights Agreement and the terms of any Stock Option Grant Agreement or
Restricted Stock Grant Agreement, the terms of the Stock Option Grant Agreement or Restricted Stock Grant Agreement shall govern the Options and Restricted Stock, respectively, except as otherwise expressly provided herein. In the event of a
conflict between the terms of the Plan and the Management Investor Rights Agreement, the terms of the Plan shall govern except as otherwise expressly provided herein or therein. 

3.7 Shares Subject to the Plan. Subject to Section 6.6 hereof, the aggregate number of Shares which may be issued or
transferred pursuant to Grants under the Plan is 16,023.39 Shares (the “Pool”). No Participant may receive Grants under the Plan with respect to more than 5,000 Shares. To the extent that any Option granted under the Plan
terminates, expires or is canceled, without having been exercised, or any share of Restricted Stock granted under the Plan is repurchased or forfeited, the Shares covered by such Option and Restricted Stock shall again be available for Grant under
the Plan. 
 3.8 Plan Term. The Committee shall not make any Grants under this Plan on or after the tenth
anniversary of the Effective Date. All Options and Restricted Stock which remain outstanding after such date shall continue to be governed by the Plan. 
 4. Options 
 Subject to adjustment as provided in Section 6.6
hereof, the Committee may grant to Participants Options to purchase Shares. 
 4.1 Exercise Price. The Exercise
Price of any Option granted under the Plan shall not be less than of the Fair Market Value of a Share on the Grant Date and shall be specified in the Stock Option Grant Agreement. 

4.2 Grant Date. The Grant Date of the Options shall be the date designated by the Committee and specified in the Stock
Option Grant Agreement as of the date the Option is granted. 
 4.3 Vesting Date of Options. 

4.3.1 Generally. Except as otherwise provided in a Stock Option Grant Agreement, each Option granted pursuant to this Plan shall
vest with respect to 20% of such Option on each of the first five anniversaries of the Grant Date of such Option, until 100% of such Option is fully vested and exercisable, subject in all cases to the Participant’s continued Employment through
the applicable Vesting Date. 

  
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 4.3.2. Accelerated Vesting of a Portion of the Option on Death and Disability. Upon
the termination of a Participant’s Employment due to the Participant’s death or Disability, the portion of the Options held by such Participant that would have vested on the anniversary of the Grant Date of such Option that immediately
follows the date of termination will become vested and exercisable on such termination of Employment. 
 4.3.3 Accelerated
Vesting on a Qualifying Termination. In the event that a Participant’s Employment is terminated as a result of a Qualifying Termination, 100% of the then outstanding Option held by the Participant shall immediately vest and become
exercisable as of such Qualifying Termination. 
 4.4 Rights as Stockholders. The Participants shall not have any
rights as Stockholders with respect to any Shares covered by or relating to the Options granted pursuant to the Plan until the date the Participants become the registered owners of such Shares. Except as otherwise expressly provided in Sections 6.5
and 6.6 hereof, no adjustment to the Options shall be made for dividends or other rights for which the record date occurs prior to the effective date such stock is registered. 

4.5 Expiration of Options. With respect to each Participant, such Participant’s Option(s), or
portion thereof, which have not become vested and exercisable shall expire on the date such Participant’s Employment is terminated for any reason unless otherwise specified herein or in the Stock Option Grant Agreement. With respect to each
Participant, each Participant’s Option(s), or any portion thereof, which have become exercisable on or before the date such Participant’s Employment is terminated (or that become exercisable as a result of such termination) shall, unless
otherwise provided in the Participant’s Stock Option Grant Agreement, expire on the earliest of (a) the commencement of business on the date the Participant’s Employment is terminated for Cause; (b) one year following the
termination of the Participant’s Employment by reason of the Participant’s death; (c) 180 days following the termination of the Participant’s Employment by reason of the Participant’s Disability or Retirement; (d) 120
days after the date the Participant’s Employment is terminated (i) by the Company for any reason other than Cause, death or Disability or (ii) by the Participant for Good Reason; (e) 60 days following the termination of the
Participant’s Employment by the Participant without Good Reason; or (f) the 10th anniversary of the Grant Date for such Option(s). Notwithstanding the foregoing, all Options, whether vested or unvested that have not expired sooner, shall expire on the 10th anniversary of the Grant Date. In addition, all vested and unvested
Options will terminate immediately (and sooner than set forth above) (a) on the commencement of business on the date the Participant’s Employment is terminated for Cause, (b) with respect to a Participant who voluntarily terminates
Employment with the Company and its Affiliates without Good Reason, on the commencement of business on the date the Participant joins a Competitor and (c) with respect to a Participant with an effective employment or severance agreement with
the Company or an Affiliate containing any restriction on competing with the Company or its Affiliates who voluntarily terminates employment with the Company and its Affiliates, on the commencement of business on the date the Participant joins a
Competitor. Any Option, or portion thereof, that has become exercisable by a Permitted Transferee on account of the death of a Participant shall expire one year after the date such deceased Participant’s Employment terminated by reason of
death, unless otherwise provided in the Participant’s Stock Option Grant Agreement, and any Option or portion thereof that has been transferred to a Permitted Transferee during the lifetime of a Participant shall expire in connection with the
Participant’s termination of Employment at 

  
 8 

 
the time set forth under this Section 4.5 as if the Option were held directly by the Participant, unless otherwise provided in the Participant’s Stock Option Grant Agreement.
Notwithstanding the foregoing, the Committee may specify in the Stock Option Grant Agreement a different expiration date or period (not to exceed 10 years from the Grant Date) for any Option granted hereunder, and such expiration date or period
shall supersede the foregoing expiration period. 
 4.6 Exercise of Options. A Participant (or his or her
Permitted Transferee, guardian or legal representative, if applicable) may exercise any or all of the Options that are vested and exercisable by serving an Exercise Notice on the Company as provided in Section 4.7 hereto. 

4.7 Method of Exercise. The Option shall be exercised by delivery of written notice to the Company’s principal office
(the “Exercise Notice”), to the attention of its Secretary, no less than five business days in advance of the effective date of the proposed exercise (the “Exercise Date”). Such notice shall (a) specify the
number of Shares with respect to which the Option is being exercised, the Grant Date of such Option and the Exercise Date, (b) be signed by the Participant (or his or her Permitted Transferee, guardian or legal representative, if applicable),
(c) prior to the occurrence of an Initial Public Offering, indicate in writing that the Participant agrees to be bound by the Management Investor Rights Agreement, and (d) if the Option is being exercised by the Participant’s
Permitted Transferee(s), such Permitted Transferee(s) shall indicate in writing that they agree to and shall be bound by the Plan and Stock Option Grant Agreement as if they had been original signatories thereto (as provided in Section 6.2
hereof) and, prior to the occurrence of an Initial Public Offering, by the Management Investor Rights Agreement. The Exercise Notice shall include payment in cash for an amount equal to the Exercise Price multiplied by the number of Shares specified
in such Exercise Notice or any method otherwise approved by the Committee. In addition, the Participant shall be responsible for the payment of applicable withholding and other taxes in cash (or Shares if approved by the Committee) that may become
due as a result of the exercise of such Option. The Committee may, in its sole discretion, permit the person exercising an Option to make the above-described payments in forms other than cash. In addition, the Company will permit such Participant
(or his or her Permitted Transferee, guardian or legal representative, if applicable) to exercise all or any portion of his or her then-exercisable Option through cashless exercise (to satisfy the Exercise Price but not any applicable withholding
taxes, unless the Participant’s Employment terminates due to his death or Disability or is terminated by the Company without Cause or by the Participant for Good Reason, in which case the Participant may use cashless exercise to satisfy the
minimum amount of withholding taxes due on exercise), but only to the extent such right or the utilization of such right would not cause the Option to be subject to Section 409A of the Code. The partial exercise of the Option, alone, shall not
cause the expiration, termination or cancellation of the remaining Option. 
 5. Restricted Stock 

Subject to adjustment as provided in Section 6.6 hereof, the Committee may grant to Participants Restricted Stock. The Committee
shall determine the terms and conditions, including the restrictions applicable to each grant of Restricted Stock, which terms and conditions shall not be inconsistent with the Plan, and may impose such conditions on the issuance of such Restricted
Stock as it deems appropriate. 

  
 9 

 5.1 Grant Date. The Grant Date of the Options shall be the date designated by
the Committee and specified in the Restricted Stock Grant Agreement as of the date the Restricted Stock is granted. 
 5.2
Purchase Price. The Committee shall establish the purchase price, if any, and form of payment for Restricted Stock; provided, however, that if purchase price is charged, such purchase price shall be no less than the par value, if any,
of the Shares to be purchased, unless otherwise permitted by applicable law. In all cases, legal consideration shall be required for each issuance of Restricted Stock. 
 5.3 Rights as Stockholders. Subject to Section 5.4, upon issuance of Restricted Stock, the Participant shall have, unless otherwise provided by the Committee, all the rights of a
stockholder with respect to said Shares, subject to the restrictions in the Restricted Stock Grant Agreement, including the right to receive all dividends and other distributions paid or made with respect to the Shares; provided,
however, that, in the sole discretion of the Committee, any extraordinary distributions with respect to the Shares shall be subject to the restrictions set forth in Section 5.4. 

5.4 Restrictions. All shares of Restricted Stock (including any shares received by Participants thereof with respect to
shares of Restricted Stock as a result of stock dividends, stock splits or any other form of recapitalization) shall, in the terms of the Restricted Stock Grant Agreement, be subject to such restrictions and vesting requirements as the Committee
shall provide. Such restrictions may include, without limitation, restrictions concerning voting rights and transferability and such restrictions may lapse separately or in combination at such times and pursuant to such circumstances or based on
such criteria as selected by the Committee, including, without limitation, criteria based on the Participant’s duration of employment, directorship or consultancy with the Company, Company performance, individual performance or other criteria
selected by the Committee. Restricted Stock may not be sold or encumbered until all restrictions are terminated or expire. 

5.5 Vesting Date of Restricted Stock 
 5.4.1 Accelerated Vesting on Death and Disability. Except as otherwise provided in the Restricted Stock Grant Agreement, upon the termination of a Participant’s Employment due to the
Participant’s death or Disability, the portion of the Restricted Stock held by such Participant as to which any and all of the restrictions imposed by the terms of the Restricted Stock Grant Agreement would have lapsed on the anniversary of the
Grant Date of such Restricted Stock that immediately follows the date of termination shall lapse and such Restricted Stock shall vest on such termination of Employment. 
 5.4.2 Accelerated Vesting on a Qualifying Termination. Except as otherwise provided in the Restricted Stock Grant Agreement, in the event that a Participant’s Employment is terminated as a
result of a Qualifying Termination, any or all of the restrictions imposed by the terms of the Restricted Stock Grant Agreement shall lapse with respect to 100% of the then outstanding Restricted Stock held by the Participant and such Restricted
Stock shall vest as of such Qualifying Termination. 
 5.5 Repurchase or Forfeiture of Restricted Stock.
Except as otherwise determined by the Committee at the time of the grant of Restricted Stock or thereafter, if no price was paid by the Participant for the Restricted Stock, upon a termination of a Participant’s Employment during the

  
 10 

 
applicable restriction period, the Participant’s rights in unvested Restricted Stock then subject to restrictions shall lapse, and such Restricted Stock shall be surrendered to the Company
and cancelled without consideration. If a price was paid by the Participant for the Restricted Stock, upon a termination of Participant’s Employment during the applicable restriction period, the Company shall have the right to repurchase from
the Participant the unvested Restricted Stock then subject to restrictions at a cash price per share equal to the price paid by the Participant for such Restricted Stock or such other amount as may be specified in the Restricted Stock Grant
Agreement. Notwithstanding the foregoing, the Committee, in its sole discretion, may provide that upon certain events, including a Change in Control, the Participant’s death, retirement or disability or any other specified termination of a
Participant’s Employment or any other event, the Participant’s rights in unvested Restricted Stock shall not lapse, such Restricted Stock shall vest and, if applicable, the Company shall not have a right of repurchase. 

5.6 Certificates for Restricted Stock. Restricted Stock granted pursuant to the Plan may be evidenced in such manner
as the Committee shall determine. Certificates or book entries evidencing shares of Restricted Stock shall include an appropriate legend referring to the terms, conditions, and restrictions applicable to such Restricted Stock. The Company, in its
sole discretion, may (a) retain physical possession of any stock certificate evidencing shares of Restricted Stock until the restrictions thereon shall have lapsed and/or (b) require that the stock certificates evidencing shares of
Restricted Stock be held in custody by a designated escrow agent (which may but need not be the Company) until the restrictions thereon shall have lapsed, and that the Participant deliver a stock power, endorsed in blank, relating to such Restricted
Stock. 
 5.7 Section 83(b) Election. If a Participant makes an election under Section 83(b) of
the Code to be taxed with respect to the Restricted Stock as of the date of transfer of the Restricted Stock rather than as of the date or dates upon which the Participant would otherwise be taxable under Section 83(a) of the Code, the
Participant shall be required to deliver a copy of such election to the Company promptly after filing such election with the Internal Revenue Service along with proof of the timely filing thereof with the Internal Revenue Service. 

6. Additional Terms of Grants 
 6.1 Limitation on Transfer. Each Option or share of Restricted Stock granted to a Participant shall be exercisable only by or vest only in such Participant, except that a Participant may
assign or transfer his or her rights with respect to any or all of the Options and shares of Restricted Stock held by such Participant to: (a) such Participant’s beneficiaries or estate upon the death of the Participant (by will, by the
laws of descent and distribution or otherwise) and (b) subject to the prior written consent of the Committee, not to be unreasonably withheld, and compliance with all applicable tax, securities and other laws, any trust or custodianship created
by the Participant for estate planning purposes, the beneficiaries of which may include only the Participant or the Participant’s family members (as defined in Form S-8) (each of (a) and (b), a “Permitted Transferee”).
Notwithstanding anything to the contrary herein, in no case shall a transfer be made to a Competitor and any such purported transfer shall be void. 
 6.2 Condition Precedent to Transfer of Any Option or Share of Restricted Stock. It shall be a condition precedent to any Transfer of any Option or Restricted Stock by any Participant that
the Transferee shall agree prior to the Transfer in writing with the Company to be 

  
 11 

 
bound by the terms of the Plan, the Stock Option Grant Agreement, with respect to Transfers of Options, the Restricted Stock Grant Agreement, with respect to Transfers of Restricted Stock, and
the Management Investor Rights Agreement as if he, she or it had been an original signatory thereto, except that any provisions of the Plan based on the Employment (or termination thereof) of the original Participant shall continue to be based on
the Employment (or termination thereof) of the original Participant. 
 6.3 Effect of Void Transfers. In the event
of any purported Transfer of any Options or shares of Restricted Stock in violation of the provisions of the Plan, such purported Transfer shall, to the extent permitted by applicable law, be void and of no effect. 

6.4 Management Investor Rights Agreement. Subject to Section 3.4 herein, upon the exercise of the Options in
accordance with Section 4.7 and/or upon the lapse or termination of any and all restrictions applicable to Restricted Stock described in Section 5.4, prior to the occurrence of an Initial Public Offering, no Shares shall be issued to or
recorded in the name of any Participant until such Participant agrees to be bound by and executes the Management Investor Rights Agreement and any Stock Option Grant Agreement and/or Restricted Stock Grant Agreement. 

6.5 Amendment of Terms of Options and Restricted Stock. The Committee may, in its sole discretion, amend the Plan or terms
of any Option and grants of Restricted Stock, provided, however, that any such amendment shall not impair or adversely affect a Participant’s existing rights under the Plan, such Option or grant of Restricted Stock without such
Participant’s written consent. 
 6.6 Adjustment Upon Changes in Shares. 

6.6.1 Increase or Decrease in Issued Shares Without Consideration. Subject to any required action by the Stockholders of the
Company, in the event of any increase or decrease in the number of issued Shares resulting from a subdivision or consolidation of Shares, or any other increase or decrease in the number of such Shares effected without receipt of consideration by the
Company, the Committee shall make such adjustments to prevent the enlargement or dilution of rights with respect to the number of Shares subject to grants under this Plan, the number of Shares subject to the Options, the Exercise Price per Share and
the number of outstanding shares of Restricted Stock. 
 6.6.2 Certain Mergers. Subject to any required action by the
Stockholders of the Company, in the event that the Company shall be the surviving corporation in any merger or consolidation (except a merger or consolidation as a result of which the holders of Shares receive securities of another corporation), the
Options outstanding on the date of such merger or consolidation shall pertain to and apply to the securities that a holder of the number of Shares subject to any such Option would have received in such merger or consolidation and the restrictions on
shares of Restricted Stock held by Participant on the date of such merger or consolidation shall pertain to and apply to the securities that such Participant would have received in such merger or consolidation (it being understood that if, in
connection with such transaction, the Stockholders of the Company retain their Shares and are not entitled to any additional or other consideration, the Options shall not be affected by such transaction). 

6.6.3 Certain Other Transactions. Except as otherwise provided in a Participant’s Stock Option Grant Agreement and/or
Restricted Stock Grant Agreement, in the event of (a) a 

  
 12 

 
dissolution or liquidation of the Company, (b) a sale of all or substantially all of the Company’s assets, (c) a merger or consolidation involving the Company in which the Company
is not the surviving corporation or (d) a merger or consolidation involving the Company in which the Company is the surviving corporation but the holders of Shares receive securities of another corporation and/or other property, including cash,
the Committee shall, in its good faith discretion, (i) have the power to provide for the exchange of each Option and/or share of Restricted Stock outstanding immediately prior to such event (whether or not then exercisable) for a share of
restricted stock and/or an option on some or all of the property for which the shares of Restricted Stock and/or Shares underlying such Options are exchanged and, incident thereto, make an equitable adjustment, as determined by the Committee, in the
exercise price of the options, or the number or kind of securities or amount of property subject to the options and/or received for shares Restricted Stock, (ii) if appropriate, cancel, effective immediately prior to such event, any outstanding
share of Restricted Stock and/or Option (whether or not exercisable or vested) and in full consideration of such cancellation pay to the Participant an amount in cash, with respect to each share of Restricted Stock, equal to the value, as determined
by the Committee in its sole discretion, of securities and/or property (including cash) received by such holders of Shares as a result of such event and with respect to each Share underlying such cancelled Option, equal to the excess, if any, of
(A) the value, as determined by the Committee in its sole discretion of securities and/or property (including cash) received by such holders of Shares as a result of such event over (B) the Exercise Price, as the Committee may consider
appropriate to prevent dilution or enlargement of rights. 
 6.6.4 Other Changes. In the event of any extraordinary
dividend in respect of Shares or change in the capitalization of the Company or a corporate change other than those specifically referred to in Sections 6.6.1 through 6.6.3 hereof, or in the event of an initial public offering for the securities of
any Affiliate, the Board or the Committee shall, in its good faith discretion, make such substitutions or adjustments in the number and kind of shares or securities or other property subject to Options and/or Restricted Stock outstanding on the date
on which such change occurs and in the per-share Exercise Price of each such Option, as the Board or the Committee may consider appropriate, to prevent dilution or enlargement of rights. In such event, references to Shares herein shall be deemed to
be references to such other kind of shares or securities subject to Options hereunder. 
 6.7 No Other Rights. Except as
expressly provided in the Plan or the Stock Option Grant Agreements evidencing the Options and Restricted Stock Grant Agreements evidencing grants of Restricted Stock, the Participants shall not have any rights as a holder of Options and/or
Restricted Stock by reason of (a) any subdivision or consolidation of Shares or any other securities of any class, (b) the payment of any distribution, any increase or decrease in the number of Shares, or (c) any dissolution,
liquidation, merger or consolidation of the Company or any other corporation. Except as expressly provided in the Plan or the Stock Option Grant Agreements evidencing the Options and/or Restricted Stock Grant Agreements evidencing grants of
Restricted Stock, no issuance by the Company of Shares or shares of common stock or shares of any class, or securities convertible into Shares or shares of common stock or shares of any class, shall affect, and no adjustment by reason thereof shall
be made with respect to, the number of Shares subject to the Options, the Exercise Price of such Options or the number of shares of Restricted Stock. 

  
 13 

 6.8 Tax Requirements. Any adjustments or changes to the Options or Restricted Stock
or Shares pursuant to this Section 6.6 shall be made in accordance with any applicable requirements of Section 409A of the Code and any guidance issued thereunder. 
 7. Miscellaneous 
 7.1 No Special Employment Rights.
Nothing contained in the Plan shall confer upon the Participants any right with respect to the continuation of their Employment or interfere in any way with the right of the Company or an Affiliate, subject to the terms of any separate Employment
agreements to the contrary, at any time to terminate such Employment or to increase or decrease the compensation of the Participants from the rate in existence at the time of the grant of any Option and/or Restricted Stock. 

7.2 No Obligation to Exercise. The Grant to the Participants of the Options shall impose no obligation upon the
Participants to exercise such Options. 
 7.3 Restrictions on Shares. The rights and obligations of the
Participants with respect to the Shares obtained through the exercise of any Option or the lapse of restrictions on Restricted Stock provided in the Plan shall be governed by the terms and conditions of the Management Investor Rights Agreement,
including the call and repurchase rights (and applicable pricing) set forth therein. 
 7.4 Notices. Each notice
and other communication hereunder shall be in writing and shall be given and shall be deemed to have been duly given on the date it is delivered in person, on the next business day if delivered by overnight mail or other reputable overnight courier,
or the third business day if sent by registered mail, return receipt requested, to the parties as follows: 
 If to the
Participant: 
 To the most recent address shown on records of the Company or its Affiliate. 

If to the Company: 
 Caesars Interactive Entertainment, Inc. 
 One Caesars Palace Drive 

Las Vegas, NV 89109 
 Attention: General Counsel 
 Facsimile: (702) 494-4323 

With a copy to: 
 Caesars Entertainment Corporation 
 One Caesars Palace Drive 

Las Vegas, NV 89109 
 Attention: General Counsel 
 Facsimile: (702) 494-4323 

  
 14 

 or to such other address as any party may have furnished to the other in writing in accordance herewith.

 7.5 Compliance with Code Section 162(m). In the event the Company becomes a “publicly-held
corporation” as defined in Section 162(m)(2) of the Code, the Company may establish a committee of outside directors meeting the requirements of Section 162(m)(2) of the Code to (a) approve Option and Restricted Stock grants that
might reasonably be anticipated to result in the payment of employee remuneration that would otherwise exceed the limit on employee remuneration deductible for income tax purposes by the Company pursuant to Section 162(m) of the Code; and
(b) administer the Plan. In such event, the powers reserved to the Committee in the Plan shall be exercised by such committee. In addition, Options and Restricted Stock granted under the Plan may be granted upon satisfaction of the conditions
to such grants provided pursuant to Section 162(m) of the Code and any Treasury Regulations promulgated thereunder. 
 7.6
Descriptive Headings. The headings in the Plan are for convenience of reference only and shall not limit or otherwise affect the meaning of the terms contained herein. 

7.7 Severability. In the event that any one or more of the provisions, subdivisions, words, clauses, phrases or sentences
contained herein, or the application thereof in any circumstances, is held invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision, subdivision, word, clause, phrase or
sentence in every other respect and of the remaining provisions, subdivisions, words, clauses, phrases or sentences hereof shall not in any way be impaired, it being intended that all rights, powers and privileges of the Company and Participants
shall be enforceable to the fullest extent permitted by law. 
 7.8 Governing Law. The Plan shall be governed by,
and construed and enforced in accordance with, the laws of the State of Delaware, without regard to the provisions governing conflict of laws. 
 7.9 Binding Effect. This Plan shall be binding upon and inure to the benefit of the successors in interest of the Company. 

  
 15 

 Exhibit “A” 
 STOCK OPTION GRANT AGREEMENT 
 THIS AGREEMENT, made as of this
     day of              20     between Caesars Interactive Entertainment, Inc. (the “Company”) and
                     (the “Participant”). 
 WHEREAS, the Company has adopted and maintains the Caesars Interactive Entertainment, Inc. Amended and Restated Management Equity Incentive Plan (the “Plan”) to promote the interests of
the Company and its Affiliates and Stockholders by providing the Company’s key employees and others with an appropriate incentive to encourage them to continue in the employ of and provide services for the Company or its Affiliates and to
improve the growth and profitability of the Company; 
 WHEREAS, the Plan provides for the Grant to Participants of Options to
purchase Shares. 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants hereinafter set forth, the parties
hereto hereby agree as follows: 
 1. Grant of Options. Pursuant to, and subject to, the terms and conditions set forth
herein and in the Plan, the Company hereby grants to the Participant an Option as set forth on the signature page hereto. 
 2.
Grant Date. The Grant Date of the Option hereby granted is [            ]. 
 3. Incorporation of Plan. All terms, conditions and restrictions of the Plan are incorporated herein and made part hereof as if stated herein. If there is any conflict between the terms and
conditions of the Plan and this Agreement, the terms and conditions of this Agreement, as interpreted by the Committee, shall govern. All capitalized terms used and not defined herein shall have the meaning given to such terms in the Plan.

 4. Exercise Price. The exercise price of each Share underlying the Option hereby granted is set forth on the signature
page hereto. 
 5. Construction of Agreement. Any provision of this Agreement (or portion thereof) which is deemed
invalid, illegal or unenforceable in any jurisdiction shall, as to that jurisdiction and subject to this section, be ineffective to the extent of such invalidity, illegality or unenforceability, without affecting in any way the remaining provisions
thereof in such jurisdiction or rendering that or any other provisions of this Agreement invalid, illegal, or unenforceable in any other jurisdiction. If any covenant should be deemed invalid, illegal or unenforceable because its scope is considered
excessive, such covenant shall be modified so that the scope of the covenant is reduced only to the minimum extent necessary to render the modified covenant valid, legal and enforceable. No waiver of any provision or violation of this Agreement by
the Company shall be implied by the Company’s forbearance or failure to take action. This Agreement is intended to comply with Section 409A of the Code and any guidance issued thereunder and shall be interpreted, operated and administered
by the Committee accordingly. 
 6. Delays or Omissions. No delay or omission to exercise any right, power or remedy
accruing to any party hereto upon any breach or default of any party under this Agreement, shall impair any such right, power or remedy of such party nor shall it be construed to be a waiver of

 
any such breach or default, or an acquiescence therein, or of or in any similar breach or default thereafter occurring nor shall any waiver of any single breach or default be deemed a waiver of
any other breach or default theretofore or thereafter occurring. Any waiver, permit, consent or approval of any kind or character on the part of any party of any breach or default under this Agreement, or any waiver on the part of any party or any
provisions or conditions of this Agreement, shall be in writing and shall be effective only to the extent specifically set forth in such writing. 
 7. Limitation on Transfer. The Option shall be exercisable only by the Participant or the Participant’s Permitted Transferee(s), as determined in accordance with the terms of the Plan
(including without limitation the requirement that the Participant obtain the prior written approval by the Committee of any proposed Transfer to a Permitted Transferee during the lifetime of the Participant). Each Permitted Transferee shall be
subject to all the restrictions, obligations, and responsibilities as apply to the Participant under the Plan, the Management Investors Rights Agreement and this Stock Option Grant Agreement and shall be entitled to all the rights of the Participant
under the Plan, provided that in respect of any Permitted Transferee which is a trust or custodianship, the Option shall become exercisable and/or expire based on the Employment and termination of Employment of the Participant. All Shares obtained
pursuant to the Option granted herein shall not be transferred except as provided in the Plan and, where applicable, the Management Investor Rights Agreement. 
 8. No Special Employment Rights. Nothing contained in the Plan shall confer upon the Participant any right with respect to the continuation of Employment or interfere in any way with the right of
the Company or an Affiliate, subject to the terms of any separate Employment agreement to the contrary, at any time to terminate such Employment or to increase or decrease the compensation of the Participant from the rate in existence at the time of
the grant of the Option. 
 9. Participant’s Undertaking and Consents. The Participant hereby agrees to take
whatever reasonable additional actions and execute whatever additional documents the Company may in its reasonable, good faith judgment deem necessary or advisable in order to carry out or effect one or more of the obligations or restrictions
imposed on the Participant pursuant to the express provisions of this Stock Option Grant Agreement and the Plan (it being understood that such additional actions and documents shall not in any way expand such obligations or restrictions). The
Participant hereby consents to the collection, retention, use, processing and transfer of the Participant’s personal data by the Company and any of its Affiliates, any administrator of the Plan, the Company’s registrars or brokers for the
purposes of implementing and operating the Plan. 
 10. Integration. This Agreement, and the other documents referred to
herein or delivered pursuant hereto which form a part hereof contain the entire understanding of the parties with respect to its subject matter. There are no restrictions, agreements, promises, representations, warranties, covenants or undertakings
with respect to the subject matter hereof other than those expressly set forth herein and in the Plan. This Agreement, including without limitation the Plan, supersedes all prior agreements and understandings between the parties with respect to its
subject matter, except to the extent of any conflict between the provisions hereof and an employment agreement effective on the date hereof. 

  
 2 

 11. Counterparts. This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which shall constitute one and the same instrument. 
 12. Governing Law.
This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware without regard to the provisions governing conflict of laws. 

13. Participant Acknowledgment. The Participant hereby acknowledges receipt of a copy of the Plan. The Participant hereby
acknowledges that all decisions, determinations and interpretations of the Committee in respect of the Plan, this Agreement and the Option shall be final and conclusive. The Participant further acknowledges that, prior to the occurrence of an
Initial Public Offering, no exercise of the Option or any portion thereof shall be effective unless and until the Participant has executed the Management Investor Rights Agreement and the Participant hereby agrees to be bound thereby. 

*        *        *      
  *        * 

  
 3 

 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by its duly
authorized officer and said Participant has hereunto signed this Agreement on his own behalf, thereby representing that he has carefully read and understands this Agreement, the Plan and the Management Investor Rights Agreement as of the day and
year first written above. 
  

	
	Caesars Interactive Entertainment, Inc.
	
	  

	By:
	
	
	Title:
	
	  

	
	[Participant’s name]

  

			
	Number of Shares subject to Option:	 	
		
	Exercise Price for Option:	 	                 per Share

  
 4 

 Exhibit “B” 
 RESTRICTED STOCK GRANT AGREEMENT 
 See attached 

 STOCK OPTION GRANT AGREEMENT 

THIS AGREEMENT, made as of this
                     between Caesars Interactive Entertainment, Inc. (fka Harrah’s Interactive Entertainment, Inc.) (the
“Company”) and                      (the “Participant”). 

WHEREAS, the Company has adopted and maintains the Harrah’s Interactive Entertainment, Inc. Management Equity Incentive Plan (the
“Plan”) to promote the interests of the Company and its Affiliates and Stockholders by providing the Company’s key employees and others with an appropriate incentive to encourage them to continue in the employ of and provide
services for the Company or its Affiliates and to improve the growth and profitability of the Company; 
 WHEREAS, the Plan
provides for the Grant to Participants of Options to purchase Shares. 
 NOW, THEREFORE, in consideration of the premises and
the mutual covenants hereinafter set forth, the parties hereto hereby agree as follows: 
 1. Grant of Options. Pursuant
to, and subject to, the terms and conditions set forth herein and in the Plan, the Company hereby grants to the Participant an Option as set forth on the signature page hereto. 

2. Grant Date. The Grant Date of the Option hereby granted is
                    . 
 3. Incorporation of Plan. All terms, conditions and restrictions of the Plan are incorporated herein and made part hereof as if stated herein. If there is any conflict between the terms and
conditions of the Plan and this Agreement, the terms and conditions of this Agreement, as interpreted by the Committee, shall govern. All capitalized terms used and not defined herein shall have the meaning given to such terms in the Plan.

 4. Exercise Price. The exercise price of each Share underlying the Option hereby granted is set forth on the signature
page hereto. 
 5. Construction of Agreement. Any provision of this Agreement (or portion thereof) which is deemed
invalid, illegal or unenforceable in any jurisdiction shall, as to that jurisdiction and subject to this section, be ineffective to the extent of such invalidity, illegality or unenforceability, without affecting in any way the remaining provisions
thereof in such jurisdiction or rendering that or any other provisions of this Agreement invalid, illegal, or unenforceable in any other jurisdiction. If any covenant should be deemed invalid, illegal or unenforceable because its scope is considered
excessive, such covenant shall be modified so that the scope of the covenant is reduced only to the minimum extent necessary to render the modified covenant valid, legal and enforceable. No waiver of any provision or violation of this Agreement by
the Company shall be implied by the Company’s forbearance or failure to take action. This Agreement is intended to comply with Section 409A of the Code and any guidance issued thereunder and shall be interpreted, operated and administered
by the Committee accordingly. 
 6. Delays or Omissions. No delay or omission to exercise any right, power or remedy
accruing to any party hereto upon any breach or default of any party under this Agreement, shall impair any such right, power or remedy of such party nor shall it be construed to be a waiver of

 
any such breach or default, or an acquiescence therein, or of or in any similar breach or default thereafter occurring nor shall any waiver of any single breach or default be deemed a waiver of
any other breach or default theretofore or thereafter occurring. Any waiver, permit, consent or approval of any kind or character on the part of any party of any breach or default under this Agreement, or any waiver on the part of any party or any
provisions or conditions of this Agreement, shall be in writing and shall be effective only to the extent specifically set forth in such writing. 
 7. Limitation on Transfer. The Option shall be exercisable only by the Participant or the Participant’s Permitted Transferee(s), as determined in accordance with the terms of the Plan
(including without limitation the requirement that the Participant obtain the prior written approval by the Committee of any proposed Transfer to a Permitted Transferee during the lifetime of the Participant). Each Permitted Transferee shall be
subject to all the restrictions, obligations, and responsibilities as apply to the Participant under the Plan, the Management Investors Rights Agreement and this Stock Option Grant Agreement and shall be entitled to all the rights of the Participant
under the Plan, provided that in respect of any Permitted Transferee which is a trust or custodianship, the Option shall become exercisable and/or expire based on the Employment and termination of Employment of the Participant. All Shares obtained
pursuant to the Option granted herein shall not be transferred except as provided in the Plan and, where applicable, the Management Investor Rights Agreement. 
 8. No Special Employment Rights. Nothing contained in the Plan shall confer upon the Participant any right with respect to the continuation of Employment or interfere in any way with the right of
the Company or an Affiliate, subject to the terms of any separate Employment agreement to the contrary, at any time to terminate such Employment or to increase or decrease the compensation of the Participant from the rate in existence at the time of
the grant of the Option. 
 9. Participant’s Undertaking and Consents. The Participant hereby agrees to take
whatever reasonable additional actions and execute whatever additional documents the Company may in its reasonable, good faith judgment deem necessary or advisable in order to carry out or effect one or more of the obligations or restrictions
imposed on the Participant pursuant to the express provisions of this Stock Option Grant Agreement and the Plan (it being understood that such additional actions and documents shall not in any way expand such obligations or restrictions). The
Participant hereby consents to the collection, retention, use, processing and transfer of the Participant’s personal data by the Company and any of its Affiliates, any administrator of the Plan, the Company’s registrars or brokers for the
purposes of implementing and operating the Plan. 
 10. Integration. This Agreement, and the other documents referred to
herein or delivered pursuant hereto which form a part hereof contain the entire understanding of the parties with respect to its subject matter. There are no restrictions, agreements, promises, representations, warranties, covenants or undertakings
with respect to the subject matter hereof other than those expressly set forth herein and in the Plan. This Agreement, including without limitation the Plan, supersedes all prior agreements and understandings between the parties with respect to its
subject matter, except to the extent of any conflict between the provisions hereof and an employment agreement effective on the date hereof. 

  
 2 

 11. Counterparts. This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which shall constitute one and the same instrument. 
 12. Governing Law.
This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware without regard to the provisions governing conflict of laws. 

13. Participant Acknowledgment. The Participant hereby acknowledges receipt of a copy of the Plan. The Participant hereby
acknowledges that all decisions, determinations and interpretations of the Committee in respect of the Plan, this Agreement and the Option shall be final and conclusive. The Participant further acknowledges that, prior to the occurrence of an
Initial Public Offering, no exercise of the Option or any portion thereof shall be effective unless and until the Participant has executed the Management Investor Rights Agreement and the Participant hereby agrees to be bound thereby. 

*    *    *    *    * 

  
 3 

 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by its duly
authorized officer and said Participant has hereunto signed this Agreement on his own behalf, thereby representing that he has carefully read and understands this Agreement, the Plan and the Management Investor Rights Agreement as of the day and
year first written above. 
  

			
	Caesars Interactive Entertainment, Inc.
		
	By:	 	  

	Name:	 	 Mitch Garber

	Title:	 	 CEO

	Date:	 	  

	
	  

	Name                           
  Date

  

			
	Number of Shares subject to Option:	  	
		
	Exercise Price for Option:	  	                     per Share

  
 4 

 CAESARS INTERACTIVE ENTERTAINMENT, INC. 

STOCK OPTION GRANT AGREEMENT FOR ISRAELI PARTICIPANT 

UNDER THE CAPITAL GAINS ROUTE OF SECTION 102 OF THE ORDINANCE 

Made as of the      day of             ,
20     
  

					
	BETWEEN:	  	Caesars Interactive Entertainment, Inc.	  	
		  	Registration No.                     	  	
		  	(the “Company”)	  	
		  		  	On one part;
	AND:	  		  	
		  	I.D. No.                    	  	
		  	Address:                    	  	
		  	(the “Participant”)	  	
		  		  	On the other part;

  

	WHEREAS	the Company has adopted and maintains the Harrah’s Interactive Entertainment, Inc. Management Equity Incentive Plan and its Israeli Addendum, a copy of
which attached hereto as Exhibit A (together the “Plan”), to promote the interests of the Company and its Affiliates and Stockholders by providing the Company’s key employees and others with an appropriate
incentive to encourage them to continue in the employ of and provide services for the Company or its Affiliates and to improve the growth and profitability of the Company; and 

 

	WHEREAS	Pursuant to the Plan, the Company has decided to grant Options to purchase Shares of the Company to the Participant and the Participant has agreed to such grant,
subject to all the terms and conditions as set forth in the Plan and as provided herein; 

 NOW, THEREFORE, it is agreed
as follows: 
  

	1.	Preamble and Definitions 

  

	 	1.1.	The preamble to this Stock Option Grant Agreement constitutes an integral part hereof. 

 

	 	1.2.	Unless otherwise defined herein, capitalized terms used herein shall have the meaning ascribed to them in the Plan. 

 

	2.	Grant of Options 

  

	 	2.1.	The Company hereby grants to the Participant the type and number of options as set forth in Exhibit B hereto (the “Options”), each Option
shall be exercisable into one Share, upon payment of the exercise price as set forth in Exhibit B (the “Purchase Price”), subject to the terms and the conditions as set forth in the Plan and as provided herein.

  

	 	2.2.	Options and Shares issued upon the exercise of any Options will be held in trust by a trustee appointed by the Company (in the Company’s sole discretion) to serve
as a trustee (the “Trustee”), and such Options and Shares shall be subject to all conditions and restrictions set forth in the Plan and in this Agreement. 

 

	 	2.3.	The Participant acknowledges the Company’s intention to issue additional shares and to grant additional options to various entities and individuals, at the
Company’s sole discretion. 

	3.	Period of Option and Conditions of Exercise 

  

	 	3.1.	The terms of this Stock Option Grant Agreement shall commence on the Date of Grant and terminate at the Expiration Date (as set forth in Exhibit B), or at the time at
which the Option expires pursuant to the terms of the Plan or pursuant to this Stock Option Grant Agreement. 

  

	 	3.2.	Options may be exercised only to purchase whole Shares, and in no case may a fraction of a Share be purchased. If any fractional Share would be deliverable upon
exercise, such fraction shall be rounded up one-half or less, or otherwise rounded down, to the nearest whole number. 

  

	 	3.3.	Notwithstanding anything to the contrary herein, Options may be exercised subject to the terms and conditions set forth in Section 9.2 hereunder.

  

	4.	Adjustments  

  

	 	4.1.	Upon the occurrence of any of the events detailed in Section 4.12 of the Plan, the Participant’s rights to purchase Shares under the Plan shall be adjusted in
accordance with Section 4.12 of the Plan. 

  

	5.	Vesting; Period of Exercise 

  

	 	5.1.	Subject to the provisions of the Plan, Options shall vest and become exercisable according to the Vesting Dates set forth in Exhibit B hereto, provided that the
Participant is an employee or a consultant/service provider of the Company and/or its Affiliates on the applicable Vesting Date. 

  

	 	5.2.	All unexercised Options granted to the Participant shall terminate and shall no longer be exercisable on the Expiration Date, as described in Section 4.4 of the
Plan. 

  

	 	5.3.	Notwithstanding anything to the contrary in Section 4.12 of the Plan and in addition thereto, if in any Change in Control event as described in Section 2(d)
of the Plan the successor entity (or parent or subsidiary of the successor entity) will not agree to assume or substitute for the Options, all unexercised Options shall expire as of the date of the Change in Control. 

 

	6.	Exercise of Options 

  

	 	6.1.	Options may only be exercised in accordance with the provisions of Section 4.9 of the Plan and Section 3 hereto. 

 

	 	6.2.	In order for the Company to issue Shares upon the exercise of any of the Options, the Participant hereby agrees to sign any and all documents required by any applicable
law and/or by the Company’s Certificate of Incorporation. 

  

	7.	Termination of Engagement  

  

	 	7.1.	Notwithstanding anything to the contrary hereinabove, an Option may be exercised after the date of termination of Participant’s engagement or service with the
Company or any Affiliate of the Company during an additional period of time beyond the date of such termination, but only with respect to the number of Options already vested at the time of such termination according to the Vesting Dates (as defined
above) of the Options, if; 

  

	 	7.1.1.	termination is without “Cause” (as defined under the Plan), in which event any Options still in force and unexpired may be exercised within a period of
ninety (90) days from the date of such termination, 

  
 2 

	 	7.1.2.	termination is the result of Disability (as defined under the Plan) of the Participant, in which event any Option still in force and unexpired may be exercised within a
period of twelve (12) months after the date of such termination, or; 

  

	 	7.1.3.	For avoidance of any doubt, if termination of engagement is for Cause (as defined under the Plan), any outstanding unexercised Option (vested or unvested), will
immediately expire and terminate, and the Participant shall not have any right in connection to such outstanding Options. 

  

	8.	Restrictions on Transfer of Options and Shares 

  

	 	8.1.	Options shall be exercisable only by the Participant or the Participant’s Permitted Transferee(s), as determined in accordance with the terms of the Plan
(including without limitation the requirement that the Participant obtain the prior written approval by the Committee of any proposed Transfer to a Permitted Transferee during the lifetime of the Participant). Each Permitted Transferee shall be
subject to all the restrictions, obligations, and responsibilities as apply to the Participant under the Plan, the Management Investors Rights Agreement and this Stock Option Grant Agreement and shall be entitled to all the rights of the Participant
under the Plan, provided that in respect of any Permitted Transferee which is a trust or custodianship, the Option shall become exercisable and/or expire based on the Employment and termination of Employment of the Participant. All Shares obtained
pursuant to the Option granted herein shall not be transferred except as provided in the Plan and, where applicable, the Management Investor Rights Agreement which is attached to this agreement as Exhibit D. 

 

	 	8.2.	The Participant acknowledges that in the event that the Company’s shares shall be registered for trading in any public market, the Participant’s right to sell
Shares may be subject to limitations (including a lock-up period), as will be requested by the Company or its underwriters, and the Participant unconditionally agrees and accepts any such limitations. The Participant acknowledges that in order to
enforce the above restriction, the Company may impose stop-transfer instructions with respect to the exercised Shares. 

  

	 	8.3.	The Participant shall not dispose of any Shares in transactions, which violate, in the opinion of the Company, any applicable laws, rules and regulations.

  

	 	8.4.	The Participant agrees that the Company shall have the authority to endorse upon the certificate or certificates representing the Shares such legends referring to the
foregoing restrictions, and any other applicable restrictions as it may deem appropriate (which will not violate the Participant’s rights according to this Stock Option Grant Agreement). 

 

	 	8.5.	Unless otherwise is agreed by the Committee, the Participant shall not sell or otherwise transfer Shares issued upon the exercise of an Option, until Company’s
Initial Public Offering. 

  

	9.	Taxes; Indemnification 

  

	 	9.1.	Any tax consequences arising from the grant and/or exercise of any Option, from the payment for Shares covered thereby or from any other event or act (of the Company
and/or its Affiliates, the Trustee or the Participant), hereunder, shall be borne solely by the Participant. 

  

	 	9.2.	 The Company and/or its Affiliates and/or the Trustee shall withhold taxes according to the requirements under the applicable laws, rules, and
regulations, including withholding taxes at source. Furthermore, the Participant hereby agrees to indemnify the Company and/or its Affiliates and/or the Trustee and hold them harmless against and from any and all liability

  
 3 

	 	
for any such tax or interest or penalty thereon, including without limitation, liabilities relating to the necessity to withhold, or to have withheld, any such tax from any payment made to the
Participant. 

  

	 	9.3.	The Option award is subject to the provisions of Section 102 of the Income Tax Ordinance [New version], 1961 (the “Ordinance” and “Section
102”, respectively), as well as the Income Tax Rules (Tax Relief in Issuance of Shares to Employees), 2003 (the “102 Rules”), promulgated thereunder. The complete version of Section 102 and the 102 Rules shall be
delivered to you upon your request by the CFO of the Company’s Israeli subsidiary. 

 Accordingly, the
Company elected the Capital Gains Route under Section 102(b)(2) of the Ordinance (the “Capital Gains Route”) for the purpose of the taxation of the income from the Options. In general, taxable income that should be attributed
as a result of the grant of the Options will be tax-free on the date of grant, but will be taxed on the sale of Shares issued upon exercise of the Options (“Exercised Shares”) or transfer of Options or Exercised Shares from the
Trustee to you (a “Transfer”). In accordance with the Capital Gains Route, if the Options or the Exercised Shares are held in trust by the Trustee for the applicable period of time (see Section 9.5 below), currently two years
from the date this letter is deposited with a trustee (the “Minimum Trust Period”), gains derived from the sale of Exercised Shares shall be classified as capital gains and taxed at a rate of only 25%. 

At the time of sale of the Exercised Shares or a Transfer, the Options shall be subject to tax, which will be calculated, in general,
according to the difference between (a) the market price (or the actual sale price) of the Exercised Shares at such time, and (b) the Exercise Price1. Such tax shall be withheld at source by the Company’s Israeli subsidiary, in
accordance with the provisions of the 102 Rules, and the transfer of Exercised Shares to the Participant is conditioned upon the payment of such tax. 
 Participant shall not be entitled to sell the Exercised Shares or to execute a Transfer, prior to the lapse of the Minimum Trust Period. Furthermore, any and all rights issued in respect of the Exercised
Shares, including bonus shares but excluding cash dividends (“Rights”(, shall be deposited with the Trustee and held thereby until the lapse of the Minimum Trust Period, and such Rights shall be subject to the Capital Gains Route.
Notwithstanding the aforesaid, the Participant may sell Exercised Shares or Rights or execute a Transfer prior to the lapse of the Minimum Trust Period, provided, however, that tax is withheld at source by the Israeli subsidiary of the Company in
accordance with the 102 Rules. In such case, Participant’s gains shall be classified as ordinary income and the Participant shall be subject to tax on such income at marginal tax rates (up to 48% in 2012) plus social security and national
health insurance payments. 
  

	 	9.4.	The receipt of the Options and the acquisition of the Shares to be issued upon the exercise of the Options, as well as any transfer or sale of such shares may result in
tax consequences. THE PARTICIPANT IS ADVISED TO CONSULT A TAX ADVISER WITH RESPECT TO THE TAX CONSEQUENCES OF RECEIVING OR EXERCISING THIS OPTION OR DISPOSING OF THE SHARES. 

 

	 	9.5.	To secure performance of tax law requirements, the Options awarded to the Participant according to this Stock Option Grant Agreement will be held in trust by the
Trustee that was approved for this purpose by the tax authorities, who shall release them to the Participant only upon full compliance with the legal requirements and the terms of the Plan. 

 

	1 	 The above tax description is a general summary only and does not refer to expenses involved with the exercise of Options and sale of Exercised Shares
or changes in the Israeli Consumer Price Index or foreign exchange rates, which may impact the final tax calculation. 

  
 4 

 For this purpose, a Trust Deed was signed between the Company and the Trustee, a copy of
which is attached hereto as Exhibit C. The conditions of the Trust Deed apply to the Options awarded to the Participant; thus, the Participant is required to carefully read the provisions of the said Trust Deed. 

 

	10.	Miscellaneous 

  

	 	10.1.	No Obligation to Exercise Options. The grant and acceptance of these Options imposes no obligation on the Participant to exercise it. 

 

	 	10.2.	Confidentiality. The Participant shall regard the information in this Stock Option Grant Agreement and its exhibits attached hereto as confidential information
and the Participant shall not reveal its contents to anyone except when required by law or for the purpose of gaining legal or tax advice. 

  

	 	10.3.	Continuation of Engagement or Service. Neither the Plan nor this Stock Option Grant Agreement shall impose any obligation on the Company or an Affiliate to
continue the Participant’s engagement or service agreement and nothing in the Plan or in this Stock Option Grant Agreement shall confer upon the Participant any right to continue in engagement or service with the Company and/or an Affiliate, or
restrict the right of the Company or an Affiliate to terminate such engagement or service agreement at any time. 

  

	 	10.4.	Integration. This Stock Option Grant Agreement, and the other documents referred to herein or delivered pursuant hereto which form a part hereof contain the
entire understanding of the parties with respect to its subject matter. There are no restrictions, agreements, promises, representations, warranties, covenants or undertakings with respect to the subject matter hereof other than those expressly set
forth herein and in the Plan. This Agreement, including without limitation the Plan and its Israeli Addendum, supersedes all prior agreements and understandings between the parties with respect to its subject matter. 

 

	 	10.5.	Failure to Enforce - Not a Waiver. The failure of any party to enforce at any time any provisions of this Stock Option Grant Agreement or the Plan shall in no
way be construed to be a waiver of such provision or of any other provision hereof. 

  

	 	10.6.	Any interpretation of this Stock Option Grant Agreement will be made in accordance with the Plan (and its Israeli Addendum) but in the event there is any contradiction
between the provisions of this Stock Option Grant Agreement and the Plan, the provisions of the Plan will prevail , . 

  

	 	10.7.	Binding Effect. The Plan and this Stock Option Grant Agreement shall be binding upon the heirs, executors, administrators and successors of the parties hereof.

  

	 	10.8.	Notices. All notices or other communications given or made hereunder shall be in writing and shall be delivered or mailed by registered mail or delivered by
email or facsimile with written confirmation of receipt to the Participant and/or to the Company at the addresses shown on the letterhead above, or at such other place as the Company may designate by written notice to the Participant. The
Participant is responsible for notifying the Company in writing of any change in the Participant’s address, and the Company shall be deemed to have complied with any obligation to provide the Participant with notice by sending such notice to
the address indicated below. 

 [Signature page to follow] 

  
 5 

			
	Company’s Signature:
	
	Name: Mitch Garber
	
	Position: CEO
		
	Signature:	 	  

 I, the undersigned, hereby acknowledge receipt of a copy of the Plan and the Trust Deed and accept the
Options subject to all of the terms and provisions thereof. I have reviewed the Plan, the Trust Deed and this Stock Option Grant Agreement in its entirety, have had an opportunity to obtain the advice of counsel prior to executing this Stock Option
Grant Agreement, and fully understand all provisions of this Stock Option Grant Agreement and the Trust Deed. I agree to notify the Company upon any change in the residence address indicated above. 

Furthermore, I hereby approve and agree to all the aforesaid in this Stock Option Grant Agreement and the Trust Deed and I declare that I
am familiar with the provisions of Section 102 and the Capital Gains Route. I hereby undertake not to sell or transfer the Options and/or the Exercised Shares prior to the lapse of the Trust Period, unless I pay all taxes, which may arise in
connection with such sale and/or transfer. 
  

			
	  

	
	Participant’s Signature
		
	Date:	 	  

  

			
	Attachments:
	
	 Exhibit A: Harrah’s Interactive Entertainment, Inc. Management Equity Incentive Plan and its
Israeli Addendum

		
	Exhibit B:	  	Terms of the Option
		
	Exhibit C:	  	Trust Deed
		
	Exhibit D:	  	Management Investor Rights Agreement

  
 6 

 EXHIBIT A 
 Harrah’s Interactive Entertainment, Inc. Management Equity Incentive Plan and its Israeli 
 Addendum 

  
 7 

 EXHIBIT B 

TERMS OF THE OPTION 
  

			
	Name of the Participant:	 	
	Type of Options Granted 102(b):	 	
	Date of Grant:	 	
	Total Number of Options:	 	
	Purchase Price:	 	
	Expiration Date:	 	

  

			
	 Number of Options
	  	Vesting Date
		  	
		  	
		  	
		  	
		  	
		  	  

	Total:	  	
		  	  

  

					
	  
	 		 	  

			
	Participant	 		 	Company

  
 8 

 Exhibit C 

Management Investor Rights Agreement 
 See attached.

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