Document:

EX-10.17

 Exhibit 10.17 

EXECUTION VERSION 
 Work
Agreement #7 
 PROJECT NAME: Collection & Payment Services 

WORK AGREEMENT (“Work Agreement”) #: 7 
 This
Work Agreement is entered into by and between Studio City Retail Services Limited, Studio City Hotels Limited, Studio City Entertainment Limited and Studio City Ventures Limited (each a “Studio City WA7 Party” and collectively, the
“Studio City WA7 Parties”), on the one hand, and Golden Future (Management Services) Limited (“Golden Future”), Melco Crown (COD) Hotels Limited, COD Theatre Limited, Altira Hotel Limited, Melco Crown (COD)
Developments Limited, Melco Crown COD (GH) Hotel Limited, Melco Crown (COD) Retail Services Limited and MPEL Services Limited (each a “Melco Crown WA7 Party” and collectively, the “Melco Crown WA7 Parties”), on the
other hand. Unless otherwise set forth herein, all of the terms and conditions of the Master Services Agreement, dated December 21, 2015, as amended from time to time (the “Master Services Agreement”), by and between
Studio City Parties (as defined therein) and Melco Crown Parties (as defined therein) are deemed to be incorporated in this Work Agreement. 
  

 
  

	1.	 DEFINITIONS 

For the purposes of this Work Agreement, the following terms shall have the meanings specified in this Section 1:

 “Allocable Ticket Proceeds” is defined in Section 2.1(b)(iii) of this Work Agreement. 

“Commencement Date” shall mean the date of execution of this Work Agreement. 

“Intercompany Ledger” is defined in Section 4.3 of this Work Agreement. 

“MCE Resort Purchase Cross Charge” is defined in Section 2.1(c)(i) of this Work Agreement. 

“Parties” or “Party” means Melco Crown WA7 Parties, any Melco Crown WA7 Party, Studio City WA7 Parties or
any Studio City WA7 Party, as applicable. 
 “Services” shall mean the services described in
Section 2 of this Work Agreement. 
 “Studio City Complex Purchase Cross Charge” is defined in
Section 2.1(c)(i) of this Work Agreement. 
 “Term” is defined in
Section 3.1 of this Work Agreement. 
 “Travel Agent Agreements” is defined in
Section 2.2(a)(i) of this Work Agreement. 
 Capitalized terms not defined herein shall have the meaning set forth
in the Master Services Agreement. 
  

	2.	 DESCRIPTION OF SERVICES 

 

	2.1	 Intercompany Arrangements and Charges: 

  
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	 	(a)	Company Purchase. In the event a Melco Crown WA7 Party, as Service Recipient wishes to purchase tickets for non-gaming attractions and activities from a Studio City
WA7 Party, as Service Provider or vice versa:1 

  

	 	(i)	The Service Recipient may request tickets from the Service Provider. 

  

	 	(ii)	To the extent available, the tickets shall be sold at a negotiated discounted rate agreed upon by the Parties in good faith. 

  

	 	(iii)	Any payments due for the purchase and sale of such tickets shall be made through the Parties’ intercompany accounts upon issuance of the relevant invoices. 

 

	 	(iv)	Any liability for cancellations or no shows shall be determined by Service Provider and shall be set forth on the tickets for the attraction (or if not set out on the tickets, in accordance with the general terms and
conditions applicable to such tickets). 

  

	 	(b)	Attraction tickets purchased at the property box offices. 

  

	 	(i)	A Melco Crown WA7 Party as Service Provider may sell, through its box offices at any MCE Resort, tickets for attractions and shows on behalf of a Studio City WA7 Party as Service Recipient at the Studio City Complex.

  

	 	(ii)	A Studio City WA7 Party as Service Provider may sell, through its box offices at the Studio City Complex, tickets for attractions and shows on behalf of a Melco Crown WA7 Party as Service Recipient at an MCE Resort.

  

	 	(iii)	Proceeds from the sales of tickets at the box office of any Service Provider for attractions and shows at a resort of Service Recipient shall be the property of Service Recipient (“Allocable Ticket
Proceeds”). 

  

	 	(iv)	Allocable Ticket Proceeds will be paid to the Party that is entitled to such proceeds under Section 2.1(b)(iii) through the Parties’ intercompany accounts within ten (10) days of
issuance of the relevant invoices. 

  

	 	(c)	Room charge between MCE Resorts and Studio City Complex. 

  

	 	(i)	Customers of any MCE Resort shall be able to charge to their room accounts their purchases at Studio City Complex restaurants, bars, shows and attractions (a “Studio City Complex Purchase Cross
Charge”), and the amount of such purchases shall be collected from the MCE Resort customer by the relevant Melco Crown WA7 Party (as Service Provider). Customers of Studio City Complex shall be able to charge to their room accounts their
purchases at any MCE Resort restaurants, bars, shows and attractions (a “MCE Resort Purchase Cross Charge”), and the amount of such purchases shall be collected from the Studio City Complex customer by the relevant Studio City WA7
Party (as Service Provider). 

  
  

	1 	For example, for either Party to create hotel packages. 

  
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	 	(ii)	In case of a Studio City Complex Purchase Cross Charge, the relevant Service Provider shall pay to the relevant Studio City WA7 Party (as Service Recipient) the amount of such Studio City Complex Purchase Cross Charge
collected through the Parties’ intercompany accounts within ten (10) days of issuance of the relevant invoices. In case of a MCE Resort Purchase Cross Charge, the relevant Service Provider shall pay to the relevant Melco Crown WA7 Party
(as Service Recipient) the amount of such MCE Resort Purchase Cross Charge collected through the Parties’ intercompany accounts within ten (10) days of issuance of the relevant invoices. 

 

	 	(d)	Attraction tickets purchased online. 

  

	 	(i)	Payments for any Studio City Complex attractions purchased online through the ticketing system and payment gateway operated by MCE Resorts shall be deposited into the appropriate bank account of Melco Crown (COD) Hotels
Limited or COD Theatre Limited (as Service Provider), with such proceeds to be held for the benefit of the relevant Studio City WA7 Party entitled to the payments in respect of the relevant attraction (such Studio City WA7 Party, the Service
Recipient). 

  

	 	(ii)	Service Provider shall pay Service Recipient for such online purchases through the Parties’ intercompany accounts within ten (10) days of issuance of the relevant invoices. 

 

	2.2	Third Party Travel Agents: 

  

	 	(a)	Travel Agent Credit Management Service. 

  

	 	(i)	Each separate Melco Crown WA7 Party and Studio City WA7 Party selling products to or through travel agents may enter into co-operation agreements with such travel agents (the
“Travel Agent Agreements”). 

  

	 	(ii)	One or more Melco Crown WA7 Parties as Service Provider shall establish specific credit limits for such travel agents in respect of the transactions covered by the Travel Agent Agreements and such travel agents shall
provide a cash deposit or bank guarantee to Service Provider to secure such credit limit. 

  

	 	(iii)	Travel agents that are provided credit limits by Service Provider under the Travel Agent Agreements will be permitted to use such credit limits to purchase tickets for non-gaming
activities, attractions and hotel reservations for MCE Resorts and Studio City Complex. 

  

	 	(iv)	Service Provider shall accept and hold the bank guarantees or cash deposits (on behalf of the relevant Melco Crown WA7 Parties and Studio City WA7 Parties, in each case acting as Service Recipient) to secure the credit
line provided under the Travel Agent Agreements. 

  
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	 	(v)	Travel agents shall be invoiced by and make payments to each separate Melco Crown WA7 Party and Studio City WA7 Party selling products to or through the travel agency. 

 

	 	(vi)	In the event the travel agency defaults on payments to any Melco Crown WA7 Party or any Studio City WA7 Party, Service Provider will release funds from the bank guarantee or deposit (if and as applicable) to that Melco
Crown WA7 Party or Studio City WA7 Party to reimburse that Melco Crown WA7 Party or Studio City WA7 Party to the extent funds are available therefor. 

  

	3.	TERM 

  

	3.1	Subject to Section 6.1, this Work Agreement shall be effective as of the Commencement Date and shall continue (unless earlier terminated by the provisions hereof or the Master Services
Agreement) until June 26, 2022. 

  

	4.	COMPENSATION AND DISPUTES 

  

	4.1	Each Party agrees that consideration being provided from the other, comprising that other Party’s performance of its obligations hereunder, shall be sufficient consideration for the relevant Services being provided
hereunder. There shall be no other charge for the Services provided hereunder. 

  

	4.2	Invoices shall be issued for the amounts payable hereunder on a monthly basis by the applicable Service Provider. 

  

	4.3	Within twenty (20) Business Days of each calendar month end, the Project Manager for the Melco Crown WA7 Parties shall provide to the Chief Financial Officer of SCIH a detailed description of the (x) charges
and payments received setting forth the exact items purchased and related amounts charged, (y) amounts debited in connection with any refunds, chargebacks and defaults related to the charges and payments received, and (z) the dates in
which the charges, payments, refunds, chargebacks or defaults were incurred (the “Intercompany Ledger”). 

  

	4.4	In the event an item on the Intercompany Ledger is disputed, the dispute shall be settled through the dispute resolution procedures set forth in Section 7.10 of the Master Services Agreement.

  

	4.5	Each Party shall be responsible for any refunds, chargebacks and defaults related to its properties, resorts and amenities. 

  

	5.	APPLICABILITY OF MASTER SERVICES AGREEMENT 

  

	5.1	Article 3 and Section 6.1(a)(i) of the Master Services Agreement shall not apply to this Work Agreement. 

  
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	6.	TERMINATION 

  

	6.1	This Work Agreement shall terminate upon the first to occur of (i) mutual agreement of the Parties in writing, (ii) termination of the Master Services Agreement, (iii) termination of this Work Agreement
by Melco Crown WA7 Parties upon the material breach by a Studio City WA7 Party of this Work Agreement which remains uncured after thirty (30) days of written notice provided by Melco Crown WA7 Parties of such breach, (iv) termination of
this Work Agreement by Studio City WA7 Parties upon the material breach by a Melco Crown WA7 Party of this Work Agreement which remains uncured after thirty (30) days of written notice provided by Studio City WA7 Parties of such breach or
(v) termination of this Work Agreement by Service Recipient subject to a 180 days prior written notice of termination delivered to Service Provider. 

  

	6.2	Upon termination, all Services under this Work Agreement shall cease and the Parties shall settle any outstanding balances under the intercompany accounts existing upon the date of termination. 

 

	7.	ACCESSION 

 Any Studio City Party or Melco Crown Party may accede to this Work Agreement
after the date hereof by executing a supplemental agreement in the form attached to the Master Services Agreement as Exhibit B, countersigned by Studio City Hotels Limited and MPEL Services Limited. Upon such accession, such acceding Party
will be a Studio City WA7 Party or a Melco Crown WA7 Party, as the case may be, for the purposes of this Work Agreement. 
 [Signature
Page Follows] 

  
 5 

			
	Studio City Retail Services Limited
		
	By:	 	 /s/ Timothy Green NAUSS

	Title:	 	 Property CFO

	Date:	 	 December 21, 2015

	
	Studio City Hotels Limited
		
	By: 	 	 /s/ Timothy Green NAUSS

	Title:	 	 Property CFO

	Date:	 	 December 21, 2015

	
	Studio City Ventures Limited
		
	By: 	 	 /s/ Timothy Green NAUSS

	Title:	 	 Property CFO

	Date:	 	 December 21, 2015

	
	Studio City Entertainment Limited
		
	By: 	 	 /s/ Timothy Green NAUSS

	Title:	 	 Property CFO

	Date:	 	 December 21, 2015

 [Signature Page to Work Agreement #7 – Collection & Payment Services] 

									
	Golden Future (Management Services) Limited	 		 	Melco Crown COD (GH) Hotel Limited
					
	By:	 	 /s/ CHUNG, Yuk Man
	 		 	By:	 	 /s/ CHUNG, Yuk Man

	Title:	 	 Director
	 		 	Title:	 	 Director

	Date:	 	 December 21, 2015
	 		 	Date:	 	 December 21, 2015

			
	Melco Crown (COD) Hotels Limited	 		 	Melco Crown (COD) Retail Services Limited
					
	By:	 	 /s/ CHUNG, Yuk Man
	 		 	By:	 	 /s/ CHUNG, Yuk Man

	Title:	 	 Director
	 		 	Title:	 	 Director

	Date:	 	 December 21, 2015
	 		 	Date:	 	 December 21, 2015

			
	COD Theatre Limited	 		 	MPEL Services Limited
					
	By:	 	 /s/ CHUNG, Yuk Man
	 		 	By:	 	 /s/ CHUNG, Yuk Man

	Title:	 	 Director
	 		 	Title:	 	 Director

	Date:	 	 December 21, 2015
	 		 	Date:	 	 December 21, 2015

				
	Altira Hotel Limited	 		 		 	
					
	By:	 	 /s/ CHUNG, Yuk Man
	 		 		 	
	Title:	 	 Director
	 		 		 	
	Date:	 	 December 21, 2015
	 		 		 	
				
	Melco Crown (COD) Developments Limited	 		 		 	
					
	By:	 	 /s/ CHUNG, Yuk Man
	 		 		 	
	Title:	 	 Director
	 		 		 	
	Date:	 	 December 21, 2015
	 		 		 	

  
 [Signature Page to Work Agreement #7
– Collection & Payment Services]EX-10.18

 Exhibit 10.18 

EXECUTION VERSION 
 Work
Agreement #8 
 PROJECT NAME: Limousine Transportation Services 

WORK AGREEMENT (“Work Agreement”) #: 8 
 This
Work Agreement is entered into by and between Melco Crown (COD) Hotels Limited, Melco Crown COD (GH) Hotel Limited, Altira Hotel Limited, Melco Crown COD (HR) Hotel Limited, Melco Crown COD (CT) Hotel Limited, Melco Crown (Macau) Limited and MCE
Travel Limited (each a “Melco Crown WA8 Party” and collectively, the “Melco Crown WA8 Parties”), on the one hand, and Studio City Hotels Limited (“Studio City WA8 Parties”), on the other hand. All
of the terms and conditions of the Master Services Agreement, dated December 21, 2015, as amended from time to time (the “Master Services Agreement”), by and between Studio City Parties (as defined therein) and Melco Crown
Parties (as defined therein) are deemed to be incorporated in this Work Agreement. 
  

 
  

	1.	 DEFINITIONS 

For the purposes of this Work Agreement, the following terms shall have the meanings specified in this Section 1:

 “Aggregate Theoretical Revenue” is equal to the Theoretical Revenue of both Service Provider Group’s gaming areas
at MCE Resorts and Studio City’s gaming areas from customers utilizing such ground transportation services. 
 “Commencement
Date” shall mean the date of execution of this Work Agreement. 
 “Monthly Capital Cost” of the limousine fleet
shall be determined by amortizing the cost of the vehicles over the assessed useful life based on the planned replacement date of each vehicle. 

“Parties” or “Party” means Melco Crown WA8 Parties, any Melco Crown WA8 Party or Studio City WA8 Party, as
applicable. 
 “Service Provider Group” shall mean Service Provider and those entities which are its Affiliates. 

“Services” shall mean the services described in Section 2.1 of this Work Agreement. 

“Theoretical Revenue” is an amount tracked for a customer calculated by multiplying their bets by the win rate of the games
they play. 
 “Total Monthly Vehicle Cost” is the sum of (i) the Monthly Capital Cost and (ii) the total monthly
running costs (including labor, fuel, maintenance, insurance and relevant license fees) of the limousine fleet. 
 “Trip”
shall mean a trip by an eligible customer from or to a Service Recipient or Service Provider hotel resort in a vehicle provided by Service Provider. 

Capitalized terms not defined herein shall have the meaning set forth in the Master Services Agreement. 

  
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	2.	DESCRIPTION OF SERVICES 

  

	2.1	Service Provider shall provide to Service Recipient’s customers limousine transportation services. Melco Crown WA8 Parties may only be a Service Recipient of the Services under this
Section 2.1. 

  

	3.	TERM 

  

	3.1	Subject to Section 5.1, this Work Agreement shall be effective as of the Commencement Date and shall continue (unless earlier terminated by the provisions hereof or the Master Services
Agreement) until June 26, 2022. 

  

	4.	COMPENSATION 

  

	4.1	All Services provided by the Service Provider to the Service Recipient hereunder shall be determined and charged on a monthly basis in accordance with the following fee schedule: 

 

			
	 Services
	  	 Fees

	Limousine Transportation Services	  	 Service Recipient shall pay an amount equal to (a) the

percentage of customers’ Trips attributable to MCE
 Resorts,
multiplied by (b) the Total Monthly Vehicle Cost.
 The percentage of customers’ Trips attributable to the

Melco Crown WA8 Parties will equal the MCE Resorts
 percentage
share of Aggregate Theoretical Revenue from
 customers using Service Provider limousine transportation services.

  

	4.2	Service Recipient shall pay, or cause to be paid, within ten (10) days of receipt, any bills and invoices that it receives from the Service Provider for Services provided under or pursuant to this Work Agreement,
subject to receiving any appropriate support documentation for such bills and invoices and, more particularly, the provisions under Section 3.2 of the Master Services Agreement. 

 

	5.	TERMINATION OF WORK AGREEMENT 

  

	5.1	This Work Agreement shall terminate upon the first to occur of (i) mutual agreement of the Parties in writing, (ii) termination of the Master Services Agreement, (iii) termination of this Work Agreement
by Melco Crown WA8 Parties upon the material breach by a Studio City WA8 Party of this Work Agreement which remains uncured after thirty (30) days of written notice provided by Melco Crown WA8 Parties of such breach, (iv) termination of
this Work Agreement by Studio City WA8 Parties upon the material breach by a Melco Crown WA8 Party of this Work Agreement which remains uncured after thirty (30) days of written notice provided by Studio City WA8 Parties of such breach or
(v) termination of this Work Agreement by Service Recipient subject to a 180 days prior written notice of termination delivered to Service Provider. 

  
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	5.2	Upon termination, all Services under this Work Agreement shall cease and the Parties shall pay to each other all amounts owing hereunder for Services provided through the date of termination. 

 

	6.	ACCESSION 

 Any Studio City Party or Melco Crown Party may accede to this Work Agreement
after the date hereof by executing a supplemental agreement in the form attached to the Master Services Agreement as Exhibit B, countersigned by Studio City Hotels Limited and Melco Crown (COD) Hotels Limited. Upon such accession, such
acceding Party will be a Studio City WA8 Party or a Melco Crown WA8 Party, as the case may be, for the purposes of this Work Agreement. 

[Signature Page Follows] 

  
 3 

			
	Studio City Hotels Limited
		
	By:	 	 /s/ Timothy Green NAUSS

	Title:	 	 Property CFO

	Date:	 	 December 21, 2015

 [Signature Page to Work Agreement #8 – Shared Limo Services (SC to MC)] 

							
	Melco Crown (COD) Hotels Limited	  	MCE Travel Limited
				
	By:	 	 /s/ CHUNG, Yuk Man
	  	By:	  	 /s/ CHUNG, Yuk Man

	Title:	 	 Director
	  	Title:	  	 Director

	Date:	 	 December 21, 2015
	  	Date:	  	 December 21, 2015

		
	Melco Crown COD (GH) Hotel Limited	  	Melco Crown (Macau) Limited
				
	By:	 	 /s/ CHUNG, Yuk Man
	  	By:	  	 /s/ CHUNG, Yuk Man

	Title:	 	 Director
	  	Title:	  	 Director

	Date:	 	 December 21, 2015
	  	Date:	  	 December 21, 2015

			
	Altira Hotel Limited	  		  	
				
	By:	 	 /s/ CHUNG, Yuk Man
	  		  	
	Title:	 	 Director
	  		  	
	Date:	 	 December 21, 2015
	  		  	
			
	Melco Crown COD (HR) Hotel Limited	  		  	
				
	By:	 	 /s/ CHUNG, Yuk Man
	  		  	
	Title:	 	 Director
	  		  	
	Date:	 	 December 21, 2015
	  		  	
			
	Melco Crown COD (CT) Hotel Limited	  		  	
				
	By:	 	 /s/ CHUNG, Yuk Man
	  		  	
	Title:	 	 Director
	  		  	
	Date:	 	 December 21, 2015
	  		  	

 [Signature Page to Work Agreement #8 – Shared Limo Services (SC to MC)]

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